Document:

Exhibit 10.1

 

EXECUTION VERSION 

 

REGISTRATION
RIGHTS AGREEMENT

 

This
REGISTRATION RIGHTS AGREEMENT, dated July 8, 2015 (this “Agreement”), is entered into among SS&C Technologies
Holdings, Inc., a Delaware corporation (the “Company”), the guarantors listed in Schedule 1 hereto (the “Initial
Guarantors”), and Morgan Stanley & Co. LLC (“Morgan Stanley”) and Deutsche Bank Securities
Inc. (“Deutsche Bank” and, together with Morgan Stanley, the “Representatives”), each for
itself and on behalf of the several initial purchasers named in the Purchase Agreement (as defined below) (the “Initial
Purchasers”).

 

The
Company, the Initial Guarantors and the Initial Purchasers are parties to the Purchase Agreement, dated June 29, 2015 (the “Purchase
Agreement”), which provides for the sale by the Company to the Initial Purchasers of $600,000,000 aggregate principal
amount of the Company’s 5.875% Senior Notes due 2023 (the “Securities”) which will be guaranteed on an
unsecured senior basis by each of the Guarantors. As an inducement to the Initial Purchasers to enter into the Purchase Agreement,
the Company and the Guarantors have agreed to provide to the Initial Purchasers and their direct and indirect transferees the
registration rights set forth in this Agreement. The execution and delivery of this Agreement is a condition to the closing under
the Purchase Agreement.

 

In
consideration of the foregoing, the parties hereto agree as follows:

 

1.Definitions.
As used in this Agreement, the following terms shall have the following meanings:

 

“Additional
Guarantor” shall mean any subsidiary of the Company that executes a Guarantee under the Indenture after the date of
this Agreement.

 

“Business
Day” shall mean any day that is not a Saturday, Sunday or other day on which commercial banks in New York City are authorized
or required by law to remain closed.

 

“Closing
Date” shall mean July 8, 2015.

 

“Company”
shall have the meaning set forth in the preamble and shall also include the Company’s successors.

 

“Deutsche
Bank” shall have the meaning set forth in the preamble.

 

“Exchange
Act” shall mean the Securities Exchange Act of 1934, as amended from time to time.

 

“Exchange
Dates” shall have the meaning set forth in Section 2(a)(ii) hereof.

 

“Exchange
Offer” shall mean the exchange offer by the Company and the Guarantors of Exchange Securities for Registrable Securities
pursuant to Section 2(a) hereof.

 

“Exchange
Offer Registration” shall mean a registration under the Securities Act effected pursuant to Section 2(a) hereof.

 

    	 

    	 

    

“Exchange
Offer Registration Statement” shall mean an exchange offer registration statement on Form S-4 (or, if applicable, on
another appropriate form) and all amendments and supplements to such registration statement, in each case including the Prospectus
contained therein or deemed a part thereof, all exhibits thereto and any document incorporated by reference therein.

 

“Exchange
Securities” shall mean senior notes issued by the Company and guaranteed by the Guarantors under the Indenture containing
terms identical in all material respects to the Securities (except that the Exchange Securities will not be subject to restrictions
on transfer or to any increase in annual interest rate for failure to comply with this Agreement) and to be offered to Holders
of Securities in exchange for Securities pursuant to the Exchange Offer.

 

“FINRA”
shall mean the Financial Industry Regulatory Authority, Inc.

 

“Free
Writing Prospectus” shall mean each free writing prospectus (as defined in Rule 405 under the Securities Act) prepared
by or on behalf of the Company or used or referred to by the Company in connection with the sale of the Securities or the Exchange
Securities.

 

“Guarantees”
shall mean the guarantees of the Securities and guarantees of the Exchange Securities by the Guarantors under the Indenture.

 

“Guarantors”
shall mean the Initial Guarantors, any Additional Guarantors and any Guarantor’s successor that Guarantees the Securities.

 

“Holders”
shall mean the Initial Purchasers, for so long as they own any Registrable Securities, and each of their successors, assigns and
direct and indirect transferees who become owners of Registrable Securities under the Indenture; provided that, for purposes
of Section 4 and Section 5 hereof, the term “Holders” shall include Participating Broker-Dealers.

 

“Indemnified
Person” shall have the meaning set forth in Section 5(c) hereof.

 

“Indemnifying
Person” shall have the meaning set forth in Section 5(c) hereof.

 

“Indenture”
shall mean the Indenture relating to the Securities dated as of July 8, 2015, among the Company, the Guarantors and Wilmington
Trust, National Association, as trustee, and as the same may be amended from time to time in accordance with the terms thereof.

 

“Initial
Purchasers” shall have the meaning set forth in the preamble.

 

“Inspector”
shall have the meaning set forth in Section 3(a)(xiv) hereof.

 

“Issuer
Information” shall have the meaning set forth in Section 5(a) hereof.

 

“Majority
Holders” shall mean the Holders of a majority of the aggregate principal amount of the outstanding Registrable Securities;
provided that whenever the consent or approval of Holders of a specified percentage of Registrable Securities is required
hereunder, any Registrable Securities owned directly or indirectly by the Company or any of its “affiliates” (within
the meaning of Rule 405 under the Securities Act) shall not be counted in determining

 

    2 

     

    

whether
such consent or approval was given by the Holders of such required percentage or amount; and provided, further,
that if the Company shall issue any additional Securities under the Indenture prior to consummation of the Exchange Offer or,
if applicable, the effectiveness of any Shelf Registration Statement, such additional Securities and the Registrable Securities
to which this Agreement relates shall be treated together as one class for purposes of determining whether the consent or approval
of Holders of a specified percentage of Registrable Securities has been obtained.

 

“Morgan
Stanley” shall have the meaning set forth in the preamble.

 

“Notice
and Questionnaire” shall mean a notice of registration statement and selling security holder questionnaire distributed
to a Holder by the Company upon receipt of a Shelf Request from such Holder.

 

“Participating
Broker-Dealers” shall have the meaning set forth in Section 4(a) hereof.

 

“Participating
Holder” shall mean any Holder of Registrable Securities that has returned a completed and signed Notice and Questionnaire
to the Company in accordance with Section 2(b) hereof.

 

“Person”
shall mean an individual, partnership, limited liability company, corporation, trust or unincorporated organization, or a government
or agency or political subdivision thereof.

 

“Prospectus”
shall mean the prospectus included in, or, pursuant to the rules and regulations of the Securities Act, deemed a part of, a Registration
Statement, including any preliminary prospectus, and any such prospectus as amended or supplemented by any prospectus supplement,
including a prospectus supplement with respect to the terms of the offering of any portion of the Registrable Securities covered
by a Shelf Registration Statement, and by all other amendments and supplements to such prospectus, and in each case including
any document incorporated by reference therein.

 

“Purchase
Agreement” shall have the meaning set forth in the preamble.

 

“Registrable
Securities” shall mean the Securities; provided that the Securities shall cease to be Registrable Securities
(i) when a Registration Statement with respect to such Securities has become effective under the Securities Act and such
Securities have been exchanged or disposed of pursuant to such Registration Statement, (ii) when such Securities cease to
be outstanding, (iii) except in the case of Securities that otherwise remain Registrable Securities and that are held by
an Initial Purchaser and that are ineligible to be exchanged in the Exchange Offer, when the Exchange Offer is consummated or
(iv) two years following the Closing Date.

 

“Registration
Default” shall mean the occurrence of any of the following: (i) the Exchange Offer is not completed on or prior
to the Target Registration Date, (ii) the Shelf Registration Statement, if required pursuant to Section 2(b)(i) or Section 2(b)(ii)
hereof, has not become effective on or prior to the later of the Target Registration Date or the 90th day following such request
or (iii) the Shelf Registration Statement, if required by this Agreement, has become effective and thereafter ceases to be
effective or the Prospectus contained therein

 

    3 

     

    

ceases
to be usable, in each case whether or not permitted by this Agreement, at any time during the Shelf Effectiveness Period, and
such failure to remain effective or usable exists for more than 60 days (whether or not consecutive) in any 12-month period.

 

“Registration
Expenses” shall mean any and all expenses incident to performance of or compliance by the Company and the Guarantors
with this Agreement, including without limitation: (i) all SEC or FINRA registration and filing fees, (ii) all fees
and expenses incurred in connection with compliance with state securities or blue sky laws (including reasonable fees and disbursements
of not more than one counsel for any Underwriters or Holders in connection with blue sky qualification of any Exchange Securities
or Registrable Securities), (iii) all expenses of the Company and the Guarantors in preparing or assisting in preparing,
word processing, printing and distributing any Registration Statement, any Prospectus, any Free Writing Prospectus and any amendments
or supplements thereto, any underwriting agreements, securities sales agreements or other similar agreements and any other documents
relating to the Company’s and the Guarantors’ performance of and compliance with this Agreement, (iv) all rating
agency fees, (v) all fees and disbursements relating to the qualification of the Indenture under applicable securities laws
and the Trust Indenture Act, (vi) the fees and disbursements of the Trustee and its counsel, (vii) the fees and disbursements
of counsel for the Company and the Guarantors and, in the case of a Shelf Registration Statement, the reasonable fees and disbursements
of one counsel for the Participating Holders (which counsel shall be selected by the Participating Holders holding a majority
of the aggregate principal amount of Registrable Securities held by such Participating Holders and which counsel may also be counsel
for the Initial Purchasers) and (viii) the fees and disbursements of the independent registered public accountants of the
Company and the Guarantors, including the expenses of any special audits or “comfort” letters required by or incident
to the performance of and compliance with this Agreement, but excluding fees and expenses of counsel to the Underwriters or the
Initial Purchasers (other than fees and expenses set forth in clause (ii) above) or the Holders and underwriting discounts
and commissions, brokerage commissions and transfer taxes, if any, relating to the sale or disposition of Registrable Securities
by a Holder.

 

“Registration
Statement” shall mean any registration statement of the Company and the Guarantors that covers any of the Exchange Securities
or Registrable Securities pursuant to the provisions of this Agreement and all amendments and supplements to any such registration
statement, including post-effective amendments, in each case including the Prospectus contained therein or deemed a part thereof,
all exhibits thereto and any document incorporated by reference therein.

 

“Representatives”
shall have the meaning set forth in the preamble.

 

“SEC”
shall mean the United States Securities and Exchange Commission.

 

“Securities”
shall have the meaning set forth in the preamble.

 

“Securities
Act” shall mean the Securities Act of 1933, as amended from time to time.

 

“Shelf
Effectiveness Period” shall have the meaning set forth in Section 2(b) hereof.

 

    4 

     

    

“Shelf
Registration” shall mean a registration effected pursuant to Section 2(b) hereof.

 

“Shelf
Registration Statement” shall mean a “shelf” registration statement of the Company and the Guarantors that
covers all or a portion of the Registrable Securities (but no other securities unless approved by a majority in aggregate principal
amount of the Securities held by the Participating Holders) on an appropriate form under Rule 415 under the Securities Act, or
any similar rule that may be adopted by the SEC, and all amendments and supplements to such registration statement, including
post-effective amendments, in each case including the Prospectus contained therein or deemed a part thereof, all exhibits thereto
and any document incorporated by reference therein.

 

“Shelf
Request” shall have the meaning set forth in Section 2(b) hereof.

 

“Staff”
shall mean the staff of the SEC.

 

“Target
Registration Date” shall mean July 8, 2016 (or if such date is not a Business Day, the next succeeding Business Day).

 

“Trust
Indenture Act” shall mean the Trust Indenture Act of 1939, as amended from time to time.

 

“Trustee”
shall mean the trustee with respect to the Securities under the Indenture.

 

“Underwriter”
shall have the meaning set forth in Section 3(e) hereof.

 

“Underwritten
Offering” shall mean an offering in which Registrable Securities are sold to an Underwriter for reoffering to the public.

 

2.Registration
Under the Securities Act. a) To the extent not prohibited by any applicable law or applicable interpretations of the Staff,
the Company and the Guarantors shall use their commercially reasonable efforts to (x) cause to be filed an Exchange Offer
Registration Statement covering an offer to the Holders to exchange all the Registrable Securities for Exchange Securities and
(y) have such Registration Statement become and remain effective until 180 days after the last Exchange Date (to be available
for use by one or more Participating Broker Dealers). The Company and the Guarantors shall use their commercially reasonable efforts
to complete the Exchange Offer not later than 60 days after such effective date.

 

The
Company and the Guarantors shall commence the Exchange Offer by mailing or delivering the related Prospectus, appropriate letters
of transmittal and other accompanying documents, if any, to each Holder stating, in addition to such other disclosures as are
required by applicable law, substantially the following:

 

(i)that
the Exchange Offer is being made pursuant to this Agreement and that all Registrable Securities validly tendered and not properly
withdrawn will be accepted for exchange;

 

    5 

     

    

(ii)the
dates of acceptance for exchange (which shall be a period of at least 20 Business Days from the date such notice is mailed (or
longer if required by applicable law)) (the “Exchange Dates”);

 

(iii)that
any Registrable Security not tendered by the last Exchange Date will remain outstanding and continue to accrue interest but will
not retain any rights under this Agreement, except as otherwise specified herein;

 

(iv)that
any Holder electing to have a Registrable Security exchanged pursuant to the Exchange Offer will be required to (A) surrender
such Registrable Security, together with the appropriate letters of transmittal, to the institution and at the address and in
the manner specified in the notice, or (B) effect such exchange otherwise in compliance with the applicable procedures of
the depositary for such Registrable Security, in each case prior to the close of business on the last Exchange Date; and

 

(v)that
any Holder will be entitled to withdraw its election, not later than the close of business on the last Exchange Date, by (A) sending
to the institution and at the address specified in the notice, a telegram, facsimile transmission or letter setting forth the
name of such Holder, the principal amount of Registrable Securities delivered for exchange and a statement that such Holder is
withdrawing its election to have such Securities exchanged or (B) effecting such withdrawal in compliance with the applicable
procedures of the depositary for the Registrable Securities.

 

As
a condition to participating in the Exchange Offer, a Holder will be required to represent to the Company and the Guarantors that
(1) any Exchange Securities to be received by it will be acquired in the ordinary course of its business, (2) at the
time of the commencement of the Exchange Offer it has no arrangement or understanding with any Person to participate in the distribution
(within the meaning of the Securities Act) of the Exchange Securities in violation of the provisions of the Securities Act, (3) it
is not an “affiliate” (within the meaning of Rule 405 under the Securities Act) of the Company or any Guarantor, and
(4) if such Holder is a broker-dealer that will receive Exchange Securities for its own account in exchange for Registrable
Securities that were acquired as a result of market-making or other trading activities, then such Holder will deliver a Prospectus
(or, to the extent permitted by law, make available a Prospectus to purchasers) in connection with any resale of such Exchange
Securities.

 

Promptly
after the last Exchange Date, the Company and the Guarantors shall:

 

		(I)	accept
                                         for exchange Registrable Securities or portions thereof validly tendered and not properly
                                         withdrawn pursuant to the Exchange Offer; and

 

		(II)	deliver,
                                         or cause to be delivered, to the Trustee for cancellation all Registrable Securities
                                         or portions thereof so accepted for exchange by the Company and issue, and cause the
                                         Trustee to promptly authenticate and deliver to each Holder, Exchange Securities equal
                                         in principal amount to the principal amount of the Registrable Securities tendered by
                                         such Holder.

 

    6 

     

    

The
Company and the Guarantors shall use their commercially reasonable efforts to complete the Exchange Offer as provided above and
shall comply with the applicable requirements of the Securities Act, the Exchange Act and other applicable laws and regulations
in connection with the Exchange Offer. The Exchange Offer shall not be subject to any conditions, other than (a) that the
Exchange Offer does not violate any applicable law or applicable interpretations of the Staff and (b) as expressly set forth
herein, including the making of the representations and warranties referred to in the second preceding paragraph and compliance
with the terms and conditions set forth in the third preceding paragraph.

 

(b)In
the event that (i) the Company and the Guarantors determine that the Exchange Offer Registration provided for in Section 2(a)
hereof is not available or the Exchange Offer may not be completed as soon as practicable after the last Exchange Date because
it would violate any applicable law or applicable interpretations of the Staff, or (ii) upon receipt of a written request
(a “Shelf Request”) from any Initial Purchaser representing that it holds Registrable Securities that are or
were ineligible to be exchanged in the Exchange Offer, the Company and the Guarantors shall use their commercially reasonable
efforts to cause to be filed promptly after such determination, date or Shelf Request, as the case may be, a Shelf Registration
Statement providing for the sale of all the Registrable Securities by the Holders thereof and to have such Shelf Registration
Statement become effective; provided that no Holder will be entitled to have any Registrable Securities included in any
Shelf Registration Statement, or entitled to use the prospectus forming a part of such Shelf Registration Statement, until such
Holder shall have delivered a completed and signed Notice and Questionnaire and provided such other information regarding such
Holder to the Company as is contemplated by Section 3(b) hereof.

 

In
the event that the Company and the Guarantors are required to file a Shelf Registration Statement pursuant to clause (ii) of
the preceding sentence, the Company and the Guarantors shall use their commercially reasonable efforts to file and have become
effective both an Exchange Offer Registration Statement pursuant to Section 2(a) hereof with respect to all Registrable Securities
and a Shelf Registration Statement (which may be a combined Registration Statement with the Exchange Offer Registration Statement)
with respect to offers and sales of Registrable Securities held by the Initial Purchasers after completion of the Exchange Offer.

 

The
Company and the Guarantors agree to use their commercially reasonable efforts to keep the Shelf Registration Statement continuously
effective until the Securities cease to be Registrable Securities or such shorter period as will terminate when all Registrable
Securities have been sold thereunder (the “Shelf Effectiveness Period”). The Company and the Guarantors further
agree to use commercially reasonable efforts to supplement or amend the Shelf Registration Statement, the related Prospectus and
any Free Writing Prospectus if required by the rules, regulations or instructions applicable to the registration form used by
the Company for such Shelf Registration Statement or by the Securities Act or by any other rules and regulations thereunder or
if reasonably requested in writing by a Participating Holder of Registrable Securities with respect to information relating to
such Participating Holder, and to use their commercially reasonable efforts to cause any such amendment to become effective, if
required, and such Shelf Registration Statement, Prospectus or Free Writing Prospectus, as the case may be, to become usable as
soon as thereafter practicable. The Company and the Guarantors agree

 

    7 

     

    

to
furnish to the Participating Holders copies of any such supplement or amendment promptly after its being used or filed with the
SEC.

 

(c)The
Company and the Guarantors shall pay all Registration Expenses in connection with any registration pursuant to Section 2(a)
or Section 2(b) hereof. Each Holder shall pay all underwriting discounts and commissions, brokerage commissions and transfer
taxes, if any, relating to the sale or disposition of such Holder’s Registrable Securities pursuant to the Shelf Registration
Statement.

 

(d)An
Exchange Offer Registration Statement pursuant to Section 2(a) hereof will not be deemed to have become effective unless
it has been declared effective by the SEC or otherwise become effective under the SEC’s rules. A Shelf Registration Statement
pursuant to Section 2(b) hereof will not be deemed to have become effective unless it has been declared effective by the
SEC or is automatically effective upon filing with the SEC as provided by Rule 462 under the Securities Act or is otherwise
effective pursuant to SEC rules.

 

If
a Registration Default occurs, the interest rate on the Registrable Securities will be increased by (i) 0.25% per annum
for the first 90-day period beginning on the day immediately following such Registration Default and (ii) an additional 0.25% per
annum with respect to each subsequent 90-day period, in each case until and including the date such Registration Default ends,
up to a maximum increase of 1.00% per annum. A Registration Default ends when the Securities cease to be Registrable Securities
or, if earlier, (1) in the case of a Registration Default under clause (i) of the definition thereof, when the Exchange
Offer is completed, (2) in the case of a Registration Default under clause (ii) or clause (iii) of the definition
thereof, when the Shelf Registration Statement becomes effective or (3) in the case of a Registration Default under clause (iv)
or clause (v) of the definition thereof, when the Shelf Registration Statement again becomes effective or the Prospectus
again becomes usable. If at any time more than one Registration Default has occurred and is continuing, then, until the next date
that there is no Registration Default, the increase in interest rate provided for by this paragraph shall apply as if there occurred
a single Registration Default that begins on the date that the earliest such Registration Default occurred and ends on such next
date that there is no Registration Default.

 

Notwithstanding
anything contained in this Agreement to the contrary, upon the occurrence or existence of a possible acquisition, disposition,
business combination or other transaction, development or event involving the Company or the Guarantors that may require disclosure
in a Registration Statement, if the Company determines in the exercise of its reasonable judgment and not for the purposes of
avoidance of its obligations hereunder that such disclosure is not in the best interests of the Company and its stockholders,
the Company and the Guarantors may delay the filing or the effectiveness, or may suspend the effectiveness, of the Exchange Offer
Registration Statement or the Shelf Registration Statement and shall not be required to maintain the effectiveness thereof or
amend or supplement the Exchange Offer Registration Statement or the Shelf Registration Statement for one or more periods not
to exceed an aggregate of 60 days during any 12-month period. Any such delay period will not defer the obligations of the Company
to pay the amounts described in the immediately preceding paragraph with respect to a Registration Default. If a Registration
Statement shall have been suspended pursuant to this provision, the Company shall extend the period during which such Registration
Statement shall be maintained effective pursuant to this Agreement on a day-by-day

 

    8 

     

    

basis
by the number of days during the period from and including the date of the notice of such suspension was given pursuant to Section 3(a)(vi)(7)
to and including the date when Holders of Registrable Securities shall have received copies of the supplemented or amended Prospectus
necessary to resume dispositions under such Registration Statement.

 

(e)Any
amounts paid pursuant to Section 2(d) above shall be computed ratably on the basis of twelve 30-day months and shall be paid
in cash semi-annually in arrears, with the first semi-annual payment due on the first date an interest payment is made pursuant
to the Indenture following the date of such Registration Default.

 

3.Registration
Procedures. a) In connection with their obligations pursuant to Section 2(a) and Section 2(b) hereof, the Company
and the Guarantors shall in accordance with the terms of this Agreement:

 

(i)use
their commercially reasonable efforts to prepare and file with the SEC a Registration Statement on the appropriate form under
the Securities Act, which form (A) shall be selected by the Company and the Guarantors, (B) shall, in the case of a
Shelf Registration, be available for the sale of the Registrable Securities by the Holders thereof and (C) shall comply as
to form in all material respects with the requirements of the applicable form and include all financial statements required by
the SEC to be filed therewith; and use their commercially reasonable efforts to cause such Registration Statement to become effective
and remain effective for the applicable period in accordance with Section 2 hereof;

 

(ii)use
their commercially reasonable efforts to prepare and file with the SEC such amendments and post-effective amendments to each Registration
Statement as may be necessary to keep such Registration Statement effective (subject to the provisions of Section 2(d) and
Section 3(d) hereof) for the applicable period in accordance with Section 2 hereof and cause each Prospectus to be supplemented
by any required prospectus supplement and, as so supplemented, to be filed pursuant to Rule 424 under the Securities Act; and
keep each Prospectus current during the period described in Section 4(3) of and Rule 174 under the Securities Act that is
applicable to transactions by brokers or dealers with respect to the Registrable Securities or Exchange Securities;

 

(iii)to
the extent any Free Writing Prospectus is used, file with the SEC any Free Writing Prospectus that is required to be filed by
the Company or the Guarantors with the SEC in accordance with the Securities Act and to use their commercially reasonable efforts
to retain any Free Writing Prospectus not required to be filed;

 

(iv)in
the case of a Shelf Registration, use their commercially reasonable efforts to furnish to each Participating Holder, upon request
to counsel for the Initial Purchasers, upon request to counsel for such Participating Holders and to each Underwriter of an Underwritten
Offering of Registrable Securities, if any, without charge, as many copies of each Prospectus, preliminary prospectus or Free
Writing Prospectus, and any amendment or supplement thereto, as such Participating Holder, counsel or Underwriter may reasonably
request in order to facilitate the sale or other disposition of the Registrable Securities thereunder; and, subject to Section 3(c)
hereof,

 

    9 

     

    

the
Company and the Guarantors consent to the use of such Prospectus, preliminary prospectus or such Free Writing Prospectus and any
amendment or supplement thereto in accordance with applicable law by each of the Participating Holders and any such Underwriters
in connection with the offering and sale of the Registrable Securities covered by and in the manner described in such Prospectus,
preliminary prospectus or such Free Writing Prospectus or any amendment or supplement thereto in accordance with applicable law;

 

(v)use
their commercially reasonable efforts to register or qualify the Registrable Securities under all applicable state securities
or blue sky laws of such jurisdictions as any Participating Holder shall reasonably request in writing by the time the applicable
Registration Statement becomes effective; use commercially reasonable efforts to cooperate with such Participating Holders in
connection with any filings required to be made with FINRA; and do any and all other acts and things that may be reasonably necessary
or advisable to enable each Participating Holder to complete the disposition in each such jurisdiction of the Registrable Securities
owned by such Participating Holder; provided that neither the Company nor any Guarantor shall be required to (1) qualify
as a foreign corporation or other entity or as a dealer in securities in any such jurisdiction where it would not otherwise be
required to so qualify, (2) file any general consent to service of process in any such jurisdiction or (3) subject itself
to taxation in any such jurisdiction if it is not so subject;

 

(vi)notify
counsel for the Initial Purchasers and, in the case of a Shelf Registration, notify each Participating Holder and counsel for
such Participating Holders promptly and, if requested by any such Participating Holder or counsel, confirm such advice in writing
(1) when a Registration Statement has become effective, when any post-effective amendment thereto has been filed and becomes
effective, when any Free Writing Prospectus has been filed or any amendment or supplement to the Prospectus or any Free Writing
Prospectus has been filed, (2) of any request by the SEC or any state securities authority for amendments and supplements
to a Registration Statement, Prospectus or any Free Writing Prospectus or for additional information after the Registration Statement
has become effective, (3) of the issuance by the SEC or any state securities authority of any stop order suspending the effectiveness
of a Registration Statement or the initiation of any proceedings for that purpose, including the receipt by the Company of any
notice of objection of the SEC to the use of a Shelf Registration Statement or any post-effective amendment thereto pursuant to
Rule 401(g)(2) under the Securities Act, (4) if, between the applicable effective date of a Shelf Registration Statement
and the closing of any sale of Registrable Securities covered thereby, the representations and warranties of the Company or any
Guarantor contained in any underwriting agreement, securities sales agreement or other similar agreement, if any, relating to
an offering of such Registrable Securities cease to be true and correct in all material respects or if the Company or any Guarantor
receives any notification with respect to the suspension of the qualification of the Registrable Securities for sale in any jurisdiction
or the initiation of any proceeding for such purpose, (5) of the happening of any event during the period a Registration
Statement is effective that makes any statement made in such Registration Statement or the related Prospectus or any Free

 

    10 

     

    

Writing
Prospectus untrue in any material respect or that requires the making of any changes in such Registration Statement or Prospectus
or any Free Writing Prospectus in order to make the statements therein not misleading, (6) of any determination by the Company
or any Guarantor that a post-effective amendment to a Registration Statement or any amendment or supplement to the Prospectus
or any Free Writing Prospectus would be appropriate and (7) of any suspension in the effectiveness of a Registration Statement
pursuant to Section 2(d) or Section 3(d) hereof;

 

(vii)use
their commercially reasonable efforts to obtain the withdrawal of any order suspending the effectiveness of a Registration Statement
or, in the case of a Shelf Registration, the resolution of any objection of the SEC pursuant to Rule 401(g)(2) under the Securities
Act, including by promptly filing an amendment to such Registration Statement on the proper form and provide prompt notice to
each Holder or Participating Holder of the withdrawal of any such order or such resolution;

 

(viii)in
the case of a Shelf Registration, if not otherwise available on EDGAR furnish to each Participating Holder, without charge, at
least one conformed copy of each Registration Statement and any post-effective amendment thereto (without any documents incorporated
therein by reference or exhibits thereto, unless reasonably requested in writing);

 

(ix)in
the case of a Shelf Registration, unless the Registrable Securities are in book-entry or global certificate only form, use commercially
reasonably efforts to cooperate with the Participating Holders to facilitate the timely preparation and delivery of certificates
representing Registrable Securities to be sold and not bearing any restrictive legends and enable such Registrable Securities
to be issued in such denominations and registered in such names (consistent with the provisions of the Indenture) as such Participating
Holders may reasonably request at least one Business Day prior to the closing of any sale of Registrable Securities;

 

(x)upon
the occurrence of any event contemplated by Section 3(a)(vi)(5) hereof, use their commercially reasonable efforts to prepare
and file with the SEC a supplement or post-effective amendment to the applicable Exchange Offer Registration Statement or Shelf
Registration Statement or the related Prospectus or any Free Writing Prospectus or any document incorporated therein by reference
or file any other required document so that, as thereafter delivered (or, to the extent permitted by law, made available) to purchasers
of the Registrable Securities, such Prospectus or Free Writing Prospectus, as the case may be, will not contain any untrue statement
of a material fact or omit to state a material fact necessary to make the statements therein, in the light of the circumstances
under which they were made, not misleading; and the Company and the Guarantors shall notify the Participating Holders (in the
case of a Shelf Registration Statement) and the Initial Purchasers and any Participating Broker-Dealers known to the Company (in
the case of an Exchange Offer Registration Statement) to suspend use of the Prospectus or any Free Writing Prospectus as promptly
as practicable after the occurrence of such an event, and such Participating Holders, such Participating Broker-Dealers and the
Initial Purchasers, as applicable, hereby agree to suspend use of the Prospectus or any Free Writing Prospectus, as the case may
be, until the Company and the Guarantors have

 

    11 

     

    

amended
or supplemented the Prospectus or the Free Writing Prospectus, as the case may be, to correct such misstatement or omission; provided
that no such action pursuant to this Section 3(a)(x) shall be required while the Company has suspended any such Registration
Statement pursuant to Section 2(d) hereof;

 

(xi)in
the case of a Shelf Registration, a reasonable time prior to the filing of any Registration Statement, any Prospectus, any Free
Writing Prospectus, any amendment to a Registration Statement or amendment or supplement to a Prospectus or a Free Writing Prospectus
or of any document that is to be incorporated by reference into a Registration Statement, a Prospectus or a Free Writing Prospectus
(other than current report on Form 8-K filed in the ordinary course of business) after the initial filing of a Registration Statement,
provide copies of such document to the Initial Purchasers and their counsel (and, in the case of a Shelf Registration Statement,
to the Participating Holders and their counsel) and make such of the representatives of the Company and the Guarantors as shall
be reasonably requested by the Representatives or their counsel (and, in the case of a Shelf Registration Statement, the Participating
Holders or their counsel) available for discussion of such document; and the Company and the Guarantors shall not, at any time
after initial filing of a Registration Statement, use or file any Prospectus, any Free Writing Prospectus, any amendment of or
supplement to a Registration Statement or a Prospectus or a Free Writing Prospectus, or any document that is to be incorporated
by reference into a Registration Statement, a Prospectus or a Free Writing Prospectus (except current reports on Form 8-K filed
in the ordinary course of business), of which the Initial Purchasers and their counsel (and, in the case of a Shelf Registration
Statement, the Participating Holders and their counsel) shall not have previously been advised and, to the extent requested, furnished
a copy or to which the Initial Purchasers or their counsel (and, in the case of a Shelf Registration Statement, the Participating
Holders or their counsel) shall reasonably and promptly object in writing;

 

(xii)use
commercially reasonable efforts to obtain a CUSIP number for all Exchange Securities or Registrable Securities, as the case may
be, not later than the initial effective date of a Registration Statement;

 

(xiii)use
commercially reasonable efforts to cause the Indenture to be qualified under the Trust Indenture Act in connection with the registration
of the Exchange Securities or Registrable Securities, as the case may be; cooperate with the Trustee and the Holders to effect
such changes to the Indenture as may be required for the Indenture to be so qualified in accordance with the terms of the Trust
Indenture Act; and execute, and use their commercially reasonable efforts to cause the Trustee to execute, all documents as may
be required to effect such changes and all other forms and documents required to be filed with the SEC to enable the Indenture
to be so qualified in a timely manner;

 

(xiv)in
the case of a Shelf Registration, make available for inspection by a representative of the Participating Holders (an “Inspector”),
any Underwriter participating in any disposition pursuant to such Shelf Registration Statement, any attorneys and accountants
designated by a majority in aggregate principal amount of the Securities held by the Participating Holders and any attorneys and
accountants designated

 

    12 

     

    

by
such Underwriter, at reasonable times and in a reasonable manner, all pertinent financial and other records, documents and properties
of the Company and its subsidiaries, and cause the respective officers, directors and employees of the Company and the Guarantors
to supply all information reasonably requested by any such Inspector, Underwriter, attorney or accountant in connection with a
Shelf Registration Statement in each case, as is customary for similar “due diligence” examinations of underwritten
offerings; provided that if any such information is identified by the Company or any Guarantor as being confidential or
proprietary, each Person receiving such information shall take such actions as are reasonably necessary to protect the confidentiality
of such information to the extent such action is otherwise not inconsistent with, an impairment of or in derogation of the rights
and interests of any Inspector, Holder or Underwriter);

 

(xv)if
reasonably requested by any Participating Holder, promptly include in a Prospectus supplement or post-effective amendment such
information with respect to such Participating Holder as such Participating Holder reasonably requests to be included therein
and make all required filings of such Prospectus supplement or such post-effective amendment promptly after the Company has received
notification of the matters to be so included in such filing; and

 

(xvi)in
the case of a Shelf Registration, enter into such customary agreements and take all such other actions in connection therewith
(including those requested by the Holders of a majority in principal amount of the Registrable Securities covered by the Shelf
Registration Statement) in order to expedite or facilitate the disposition of such Registrable Securities including, but not limited
to, an Underwritten Offering and in such connection, (1) to the extent possible, make such representations and warranties
to the Participating Holders and any Underwriters of such Registrable Securities with respect to the business of the Company and
its subsidiaries and the Registration Statement, Prospectus, any Free Writing Prospectus and documents incorporated by reference
or deemed incorporated by reference, if any, in each case, in form, substance and scope as are customarily made by issuers to
underwriters in underwritten offerings consistent with the representations and warranties made by the Company and the Guarantors
in the Purchase Agreement, and confirm the same if and when requested, (2) use their commercially reasonable efforts to obtain
opinions of counsel to the Company and the Guarantors (which counsel and opinions, in form, scope and substance, shall be reasonably
satisfactory to the Participating Holders and such Underwriters and their respective counsel) and consistent with the opinions
of counsel delivered to the Initial Purchasers pursuant to the Purchase Agreement addressed to each Participating Holder and Underwriter
of Registrable Securities, covering the matters customarily covered in opinions requested in underwritten offerings, (3) use
commercially reasonable efforts to obtain “comfort” letters from the independent registered public accountants of
the Company and the Guarantors (and, if necessary, any other registered public accountant of any subsidiary of the Company or
any Guarantor, or of any business acquired by the Company or any Guarantor for which financial statements and financial data are
or are required to be included in the Registration Statement) addressed to each Participating Holder (to the extent permitted
by applicable professional standards) and Underwriter of Registrable Securities, such letters to be in customary form and covering
matters of the

 

    13 

     

    

type
customarily covered in “comfort” letters in connection with underwritten offerings, including but not limited to financial
information contained in any preliminary prospectus, Prospectus or Free Writing Prospectus and consistent with the comfort letters
delivered to the Initial Purchasers pursuant to the Purchase Agreement, and (4) deliver such documents and certificates as
may be reasonably requested by the Participating Holders of a majority in principal amount of the Registrable Securities being
sold or the Underwriters, and which are customarily delivered in underwritten offerings, to evidence the continued validity of
the representations and warranties of the Company and the Guarantors made pursuant to clause (1) above and to evidence compliance
with any customary conditions contained in an underwriting agreement.

 

(b)In
the case of a Shelf Registration Statement, the Company may require each Holder of Registrable Securities to furnish to the Company
a Notice and Questionnaire and such other information regarding such Holder and the proposed disposition by such Holder of such
Registrable Securities as the Company and the Guarantors may from time to time reasonably request in writing; provided
that if a Holder fails to provide the requested information within 10 Business Days after receiving such request, the Company
or any Guarantor may exclude such Holder’s Registrable Securities from such Shelf Registration Statement until provided.

 

(c)Each
Participating Holder agrees that, upon receipt of any notice from the Company and the Guarantors of the happening of any event
of the kind described in Section 3(a)(vi)(3) or Section 3(a)(vi)(5) hereof, such Participating Holder will forthwith
discontinue disposition of Registrable Securities pursuant to the Shelf Registration Statement until such Participating Holder’s
receipt of the copies of the supplemented or amended Prospectus and any Free Writing Prospectus contemplated by Section 3(a)(x)
hereof and, if so directed by the Company and the Guarantors, such Participating Holder will deliver to the Company and the Guarantors
all copies in its possession, other than permanent file copies then in such Participating Holder’s possession, of the Prospectus
and any Free Writing Prospectus covering such Registrable Securities that is current at the time of receipt of such notice.

 

(d)If
the Company and the Guarantors shall give any notice to suspend the disposition of Registrable Securities pursuant to a Registration
Statement, the Company and the Guarantors shall not be required to maintain the effectiveness of such Registration Statement during
such period and shall extend the period during which such Registration Statement shall be maintained effective pursuant to this
Agreement by the number of days during the period from and including the date of the giving of such notice to and including the
date when the Holders of such Registrable Securities shall have received copies of the supplemented or amended Prospectus or any
Free Writing Prospectus necessary to resume such dispositions.

 

(e)The
Participating Holders who desire to do so may sell such Registrable Securities in an Underwritten Offering. In any such Underwritten
Offering, the investment bank or investment banks and manager or managers (each an “Underwriter”) that will
administer the offering will be selected by the Holders of a majority in principal amount of the Registrable Securities included
in such offering, subject to the approval of the Company (not to be unreasonably withheld or delayed). All fees, costs and expenses
of the Underwriters, except for Registration Expenses, shall be borne solely by the Holders of Registrable Securities.

 

    14 

     

    

4.Participation
of Broker-Dealers in Exchange Offer. a) The Staff has taken the position that any broker-dealer that receives Exchange Securities
for its own account in the Exchange Offer in exchange for Securities that were acquired by such broker-dealer as a result of market-making
or other trading activities (a “Participating Broker-Dealer”) may be deemed to be an “underwriter”
within the meaning of the Securities Act and must deliver a prospectus meeting the requirements of the Securities Act in connection
with any resale of such Exchange Securities.

 

The
Company and the Guarantors understand that it is the Staff’s position that if the Prospectus contained in the Exchange Offer
Registration Statement includes a plan of distribution containing a statement to the above effect and the means by which Participating
Broker-Dealers may resell the Exchange Securities, without naming the Participating Broker-Dealers or specifying the amount of
Exchange Securities owned by them, such Prospectus may be delivered by Participating Broker-Dealers (or, to the extent permitted
by law, made available to purchasers) to satisfy their prospectus delivery obligation under the Securities Act in connection with
resales of Exchange Securities for their own accounts, so long as the Prospectus otherwise meets the requirements of the Securities
Act.

 

(b)In
light of the above, and notwithstanding the other provisions of this Agreement, the Company and the Guarantors agree to use commercially
reasonable efforts to amend or supplement the Prospectus contained in the Exchange Offer Registration Statement for a period of
up to 180 days after the last Exchange Date (as such period may be extended pursuant to Section 3(d) hereof), in order to
expedite or facilitate the disposition of any Exchange Securities by Participating Broker-Dealers consistent with the positions
of the Staff recited in Section 4(a) above. The Company and the Guarantors further agree that Participating Broker-Dealers
shall be authorized to deliver such Prospectus (or, to the extent permitted by law, make available) during such period in connection
with the resales contemplated by this Section 4.

 

(c)The
Initial Purchasers shall have no liability to the Company, any Guarantor or any Holder with respect to any request that they may
make pursuant to Section 4(b) hereof.

 

5.Indemnification
and Contribution. a) The Company and each Guarantor, jointly and severally, agree to indemnify and hold harmless each Initial
Purchaser and each Holder, their respective affiliates, directors and officers and each Person, if any, who controls any Initial
Purchaser or any Holder within the meaning of Section 15 of the Securities Act or Section 20 of the Exchange Act, from
and against any and all losses, claims, damages and liabilities (including, without limitation, reasonable and documented legal
fees and other out of pocket expenses reasonably incurred in connection with any suit, action or proceeding or any claim asserted,
as such fees and expenses are incurred), joint or several, that arise out of, or are based upon, (1) any untrue statement
or alleged untrue statement of a material fact contained in any Registration Statement or any omission or alleged omission to
state therein a material fact required to be stated therein or necessary in order to make the statements therein not misleading,
or (2) any untrue statement or alleged untrue statement of a material fact contained in any Prospectus, any Free Writing
Prospectus or any “issuer information” (“Issuer Information”) filed or required to be filed pursuant
to Rule 433(d) under the Securities Act, or any omission or alleged omission to state therein a material fact necessary in order
to make the statements therein, in the light of the circumstances under which they were made, not misleading, in each case except
insofar as such losses, claims, damages or liabilities arise out of, or are based upon, any untrue statement or

 

    15 

     

    

omission
or alleged untrue statement or omission made in reliance upon and in conformity with any information relating to any Initial Purchaser,
information relating to any Holder furnished to the Company in writing through the Representatives or any selling Holder, respectively,
expressly for use therein. In connection with any Underwritten Offering permitted by Section 3, the Company and the Guarantors,
jointly and severally, will also indemnify the Underwriters, if any, selling brokers, and dealers participating in the distribution,
their respective affiliates and each Person who controls such Persons (within the meaning of the Securities Act and the Exchange
Act) to the same extent as provided above with respect to the indemnification of the Holders, if requested in connection with
any Registration Statement, any Prospectus, any Free Writing Prospectus or any Issuer Information.

 

(b)Each
Holder agrees, severally and not jointly, to indemnify and hold harmless the Company, the Guarantors, the Initial Purchasers and
the other selling Holders, the directors of the Company and the Guarantors, each officer of the Company and the Guarantors who
signed the Registration Statement and each Person, if any, who controls the Company, the Guarantors, any Initial Purchaser and
any other selling Holder within the meaning of Section 15 of the Securities Act or Section 20 of the Exchange Act to
the same extent as the indemnity set forth in paragraph (a) above, but only with respect to any losses, claims, damages or
liabilities that arise out of, or are based upon, any untrue statement or omission or alleged untrue statement or omission made
in reliance upon and in conformity with any information relating to such Holder furnished to the Company in writing by such Holder
expressly for use in any Registration Statement, any Prospectus and any Free Writing Prospectus.

 

(c)If
any suit, action, proceeding (including any governmental or regulatory investigation), claim or demand shall be brought or asserted
against any Person in respect of which indemnification may be sought pursuant to either paragraph (a) or (b) above,
such Person (the “Indemnified Person”) shall promptly notify the Person against whom such indemnification may
be sought (the “Indemnifying Person”) in writing; provided that the failure to notify the Indemnifying
Person shall not relieve it from any liability that it may have under paragraph (a) or (b) above except to the extent
that it has been materially prejudiced (through the forfeiture of substantive rights or defenses) by such failure; and provided,
further, that the failure to notify the Indemnifying Person shall not relieve it from any liability that it may have to
an Indemnified Person otherwise than under paragraph (a) or (b) above. If any such proceeding shall be brought or asserted
against an Indemnified Person and it shall have notified the Indemnifying Person thereof, the Indemnifying Person shall retain
counsel reasonably satisfactory to the Indemnified Person to represent the Indemnified Person and any others entitled to indemnification
pursuant to this Section 5 that the Indemnifying Person may designate in such proceeding and shall pay the reasonable and
documented fees and expenses of such proceeding and shall pay the fees and expenses of such counsel related to such proceeding,
as incurred. In any such proceeding, any Indemnified Person shall have the right to retain its own counsel, but the fees and expenses
of such counsel shall be at the expense of such Indemnified Person unless (i) the Indemnifying Person and the Indemnified
Person shall have mutually agreed to the contrary; (ii) the Indemnifying Person has failed within a reasonable time to retain
counsel reasonably satisfactory to the Indemnified Person; (iii) the Indemnified Person shall have reasonably concluded that
there may be legal defenses available to it that are different from or in addition to those available to the Indemnifying Person;
or (iv) the named parties in any such proceeding (including any

 

    16 

     

    

impleaded
parties) include both the Indemnifying Person and the Indemnified Person and representation of both parties by the same counsel
would be inappropriate due to actual or potential differing interests between them. It is understood and agreed that the Indemnifying
Person shall not, in connection with any proceeding or related proceeding in the same jurisdiction, be liable for the fees and
expenses of more than one separate firm (in addition to any local counsel) for all Indemnified Persons, and that all such fees
and expenses shall be reimbursed as they are incurred. Any such separate firm (x) for any Initial Purchaser, its affiliates,
directors and officers and any control Persons of such Initial Purchaser shall be designated in writing by the Representatives,
(y) for any Holder, its directors and officers and any control Persons of such Holder shall be designated in writing by the
Majority Holders and (z) in all other cases shall be designated in writing by the Company. The Indemnifying Person shall
not be liable for any settlement of any proceeding effected without its written consent, but if settled with such consent or if
there be a final judgment for the plaintiff, the Indemnifying Person agrees to indemnify each Indemnified Person from and against
any loss or liability by reason of such settlement or judgment. Notwithstanding the foregoing sentence, if at any time an Indemnified
Person shall have requested that an Indemnifying Person reimburse the Indemnified Person for fees and expenses of counsel as contemplated
by this paragraph, the Indemnifying Person shall be liable for any settlement of any proceeding effected without its written consent
if (i) such settlement is entered into more than 30 days after receipt by the Indemnifying Person of such request and (ii) the
Indemnifying Person shall not have reimbursed the Indemnified Person in accordance with such request prior to the date of such
settlement. No Indemnifying Person shall, without the written consent of the Indemnified Person, effect any settlement of any
pending or threatened proceeding in respect of which any Indemnified Person is or could have been a party and indemnification
could have been sought hereunder by such Indemnified Person, unless such settlement (A) includes an unconditional release
of such Indemnified Person, in form and substance reasonably satisfactory to such Indemnified Person, from all liability on claims
that are the subject matter of such proceeding and (B) does not include any statement as to or any admission of fault, culpability
or a failure to act by or on behalf of any Indemnified Person.

 

(d)If
the indemnification provided for in paragraphs (a) and (b) above is unavailable to an Indemnified Person or insufficient
in respect of any losses, claims, damages or liabilities referred to therein, then each Indemnifying Person under such paragraph,
in lieu of indemnifying such Indemnified Person thereunder, shall contribute to the amount paid or payable by such Indemnified
Person as a result of such losses, claims, damages or liabilities (i) in such proportion as is appropriate to reflect the
relative benefits received by the Company and the Guarantors from the offering of the Securities and the Exchange Securities,
on the one hand, and by the Holders from receiving Securities or Exchange Securities registered under the Securities Act, on the
other hand, or (ii) if the allocation provided by clause (i) is not permitted by applicable law, in such proportion
as is appropriate to reflect not only the relative benefits referred to in clause (i) but also the relative fault of the
Company and the Guarantors on the one hand and the Holders on the other in connection with the statements or omissions that resulted
in such losses, claims, damages or liabilities, as well as any other relevant equitable considerations. The relative fault of
the Company and the Guarantors on the one hand and the Holders on the other shall be determined by reference to, among other things,
whether the untrue or alleged untrue statement of a material fact or the omission or alleged omission to state a material fact
relates to information supplied by the Company and the Guarantors or by the Holders and the parties’

 

    17 

     

    

relative
intent, knowledge, access to information and opportunity to correct or prevent such statement or omission.

 

(e)The
Company, the Guarantors and the Holders agree that it would not be just and equitable if contribution pursuant to this Section 5
were determined by pro rata allocation (even if the Holders were treated as one entity for such purpose) or by any
other method of allocation that does not take account of the equitable considerations referred to in paragraph (d) above.
The amount paid or payable by an Indemnified Person as a result of the losses, claims, damages and liabilities referred to in
paragraph (d) above shall be deemed to include, subject to the limitations set forth above, any legal or other expenses reasonably
incurred by such Indemnified Person in connection with any such action or claim. Notwithstanding the provisions of this Section 5,
in no event shall a Holder be required to contribute any amount in excess of the amount by which the total price at which the
Securities or Exchange Securities sold by such Holder exceeds the amount of any damages that such Holder has otherwise been required
to pay by reason of such untrue or alleged untrue statement or omission or alleged omission. No Person guilty of fraudulent misrepresentation
(within the meaning of Section 11(f) of the Securities Act) shall be entitled to contribution from any Person who was not
guilty of such fraudulent misrepresentation. The Holders’ obligations to contribute pursuant to this Section 5 are
several and not joint.

 

(f)The
remedies provided for in this Section 5 are not exclusive and shall not limit any rights or remedies that may otherwise be
available to any Indemnified Person at law or in equity.

 

(g)The
indemnity and contribution provisions contained in this Section 5 shall remain operative and in full force and effect regardless
of (i) any termination of this Agreement, (ii) any investigation made by or on behalf of the Initial Purchasers or any
Holder or any Person controlling any Initial Purchaser or any Holder, or by or on behalf of the Company or the Guarantors or the
officers or directors of or any Person controlling the Company or the Guarantors, (iii) acceptance of any of the Exchange
Securities and (iv) any sale of Registrable Securities pursuant to a Shelf Registration Statement.

 

6.General.

 

(a)No
Inconsistent Agreements. The Company and the Guarantors represent, warrant and agree that (i) the rights granted to the
Holders hereunder do not in any way conflict with and are not inconsistent with the rights granted to the holders of any other
outstanding securities issued or guaranteed by the Company or any Guarantor under any other agreement and (ii) neither the
Company nor any Guarantor has entered into, or on or after the date of this Agreement will enter into, any agreement that is inconsistent
with the rights granted to the Holders of Registrable Securities in this Agreement or otherwise conflicts with the provisions
hereof.

 

(b)Amendments
and Waivers. The provisions of this Agreement, including the provisions of this sentence, may not be amended, modified or
supplemented, and waivers or consents to departures from the provisions hereof may not be given unless the Company and the Guarantors
have obtained the written consent of Holders of a majority in aggregate principal

 

    18 

     

    

amount
of the outstanding Registrable Securities affected by such amendment, modification, supplement, waiver or consent; provided
that no amendment, modification, supplement, waiver or consent to any departure from the provisions of Section 5 hereof
shall be effective as against any Holder of Registrable Securities unless consented to in writing by such Holder. Any amendments,
modifications, supplements, waivers or consents pursuant to this Section 6(b) shall be by a writing executed by each of the
parties hereto.

 

(c)Notices.
All notices and other communications provided for or permitted hereunder shall be made in writing by hand-delivery, registered
first-class mail, telecopier, or any courier guaranteeing overnight delivery (i) if to a Holder, at the most current address
given by such Holder to the Company by means of a notice given in accordance with the provisions of this Section 6(c), which
address initially is, with respect to the Initial Purchasers, the address set forth in the Purchase Agreement; (ii) if to
the Company and the Guarantors, initially at the Company’s address set forth in the Purchase Agreement and thereafter at
such other address, notice of which is given in accordance with the provisions of this Section 6(c); and (iii) to such
other persons at their respective addresses as provided in the Purchase Agreement and thereafter at such other address, notice
of which is given in accordance with the provisions of this Section 6(c). All such notices and communications shall be deemed
to have been duly given: at the time delivered by hand, if personally delivered; five Business Days after being deposited in the
mail, postage prepaid, if mailed; when receipt is acknowledged, if telecopied; and on the next Business Day if timely delivered
to an air courier guaranteeing overnight delivery. Copies of all such notices, demands or other communications shall be concurrently
delivered by the Person giving the same to the Trustee, at the address specified in the Indenture.

 

(d)Successors
and Assigns. This Agreement shall inure to the benefit of and be binding upon the successors, assigns and transferees of each
of the parties, including, without limitation and without the need for an express assignment, subsequent Holders; provided
that nothing herein shall be deemed to permit any assignment, transfer or other disposition of Registrable Securities in violation
of the terms of the Purchase Agreement or the Indenture. If any transferee of any Holder shall acquire Registrable Securities
in any manner, whether by operation of law or otherwise, such Registrable Securities shall be held subject to all the terms of
this Agreement, and by taking and holding such Registrable Securities such Person shall be conclusively deemed to have agreed
to be bound by and to perform all of the terms and provisions of this Agreement and such Person shall be entitled to receive the
benefits hereof. The Initial Purchasers (in their capacity as Initial Purchasers) shall have no liability or obligation to the
Company or the Guarantors with respect to any failure by a Holder to comply with, or any breach by any Holder of, any of the obligations
of such Holder under this Agreement.

 

(e)Third
Party Beneficiaries. Each Holder shall be a third party beneficiary to the agreements made hereunder between the Company and
the Guarantors, on the one hand, and the Initial Purchasers, on the other hand, and shall have the right to enforce such agreements
directly to the extent it deems such enforcement necessary or advisable to protect its rights or the rights of other Holders hereunder.

 

(f)Counterparts.
This Agreement may be executed in any number of counterparts and by the parties hereto in separate counterparts, each of which
when so executed shall be

 

    19 

     

    

deemed
to be an original and all of which taken together shall constitute one and the same agreement.

 

(g)Headings.
The headings in this Agreement are for convenience of reference only, are not a part of this Agreement and shall not limit or
otherwise affect the meaning hereof.

 

(h)Governing
Law. This Agreement, and any claim, controversy or dispute arising under or related to this Agreement, shall be governed by
and construed in accordance with the laws of the State of New York.

 

(i)Entire
Agreement; Severability. This Agreement contains the entire agreement between the parties relating to the subject matter hereof
and supersedes all oral statements and prior writings with respect thereto. If any term, provision, covenant or restriction contained
in this Agreement is held by a court of competent jurisdiction to be invalid, void or unenforceable or against public policy,
the remainder of the terms, provisions, covenants and restrictions contained herein shall remain in full force and effect and
shall in no way be affected, impaired or invalidated. The Company, the Guarantors and the Initial Purchasers shall endeavor in
good faith negotiations to replace the invalid, void or unenforceable provisions with valid provisions the economic effect of
which comes as close as possible to that of the invalid, void or unenforceable provisions.

 

    20 

     

    

IN
WITNESS WHEREOF, the parties have executed this Agreement as of the date first written above.

 

	SS&C TECHNOLOGIES HOLDINGS,
    INC.	 
	 	 	 	 
	 	 	 	 
	By:	/s/
    Patrick J. Pedonti	 
	 	Name:	Patrick J. Pedonti	 
	 	Title:	Senior Vice President and Chief Financial
    Officer	 

 

 

	SS&C
TECHNOLOGIES, INC. 

	 
	 	 	 	 
	 	 	 	 
	By:	/s/
    Patrick J. Pedonti	 
	 	Name:	Patrick J. Pedonti	 
	 	Title:	Senior Vice President, Chief Financial
    Officer and Treasurer	 

 

 

	Financial
    Models Company Ltd.	 
	 	 	 	 
	 	 	 	 
	By:	/s/
    Patrick J. Pedonti	 
	 	Name:	Patrick J. Pedonti	 
	 	Title:	Senior Vice President and Treasurer	 

 

	ADVENT SOFTWARE, INC.	 
	 	 	 	 
	 	 	 	 
	By:	/s/
    Patrick J. Pedonti	 
	 	Name:	Patrick J. Pedonti	 
	 	Title:	Vice President and Treasurer	 

 

	HUB DATA INCORPORATED	 
	 	 	 	 
	 	 	 	 
	By:	/s/ James Cox	 
	 	Name:	James Cox	 
	 	Title:	Officer	 

 

 

 

    

     

    

Confirmed
and accepted as of the date first above written:

 

MORGAN STANLEY
& CO. LLC

 

	For itself and on behalf of the
	several Initial Purchasers
	 	 
	By:	/s/ Andrew Earls
	Name:	Andrew Earls
	Title:	Authorized Signatory

 

 

DEUTSCHE BANK SECURITIES INC.

 

	For itself and on behalf of the
	several Initial Purchasers
	 	 
	By:	/s/ Ian Dorrington
	Name:	Ian Dorrington
	Title:	Managing Director

 

 

 

	By:	/s/ Nicholas Hayes
	Name:	Nicholas Hayes
	Title:	Managing Director

  

    

     

    

Schedule 1

 

Initial
Guarantors

 

	Name 
	Jurisdiction
of Organization 

	SS&C Technologies, Inc.	Delaware
	Financial Models Company Ltd.	New York
	Advent Software, Inc.	Delaware
	Hub Data Incorporated	MassachusettsExhibit 10.2

 

EXECUTION VERSION

 

CREDIT AGREEMENT

 

Dated as of July 8, 2015

 

among

 

SS&C TECHNOLOGIES, INC.,

SS&C TECHNOLOGIES HOLDINGS EUROPE S.À R.L. and

SS&C EUROPEAN HOLDINGS S.À R.L.,

as the Borrowers,

 

SS&C TECHNOLOGIES HOLDINGS, INC.,

as the Parent,

 

CERTAIN SUBSIDIARIES IDENTIFIED HEREIN,

as Guarantors,

 

Deutsche
Bank AG New York Branch,

as Administrative Agent and as an L/C Issuer,

 

MORGAN STANLEY BANK, N.A., as an L/C Issuer,

 

THE OTHER LENDERS PARTY HERETO,

 

DEUTSCHE
BANK SECURITIES INC.,

Morgan Stanley Senior Funding, Inc., 

and BARCLAYS BANK PLC,

as Joint Lead Arrangers and Joint Bookrunners,

 

MERRILL
LYNCH, PIERCE, FENNER & SMITH INCORPORATED,

CREDIT SUISSE SECURITIES (usa) llC, 

and
Jefferies finance LLc,

 

as Co-Managers

 

MIZUHO BANK LTD., 

as Documentation Agent

 

____________________

 

 

 

     

     

    

 

TABLE OF CONTENTS

 

	Article I	 
	 	 	 
	DEFINITIONS AND ACCOUNTING TERMS	1
	1.01	Defined Terms	1
	1.02	Other Interpretive Provisions	64
	1.03	Accounting Terms	65
	1.04	Rounding	66
	1.05	Exchange Rates; Currency Equivalents	67
	1.06	Additional Alternative Currencies	67
	1.07	Change of Currency	68
	1.08	Times of Day	69
	1.09	Letter of Credit Amounts	69
	1.10	Guaranty and Security Principles	69
	1.11	Available Amount Transactions	69
	1.12	Limited Condition Acquisitions	69
	 	 	 
	Article II	 
	 	 	 
	THE COMMITMENTS AND CREDIT EXTENSIONS	70
	2.01	Revolving Loans, Term Loans and Incremental Term Loans	70
	2.02	Borrowings, Conversions and Continuations of Loans	76
	2.03	Letters of Credit	78
	2.04	[Reserved]	88
	2.05	Prepayments	88
	2.06	Termination or Reduction of Commitments	93
	2.07	Repayments of Loans	94
	2.08	Interest	98
	2.09	Fees	99
	2.10	Computation of Interest and Fees	100
	2.11	Evidence of Debt	101
	2.12	Payments Generally; Administrative Agent’s Clawback	101
	2.13	Sharing of Payments by Lenders	103
	2.14	Cash Collateral	105
	2.15	Defaulting Lenders	106
	2.16	Special Provisions Relating to a Re-Allocation Event	108
	2.17	Refinancing Amendments	108
	2.18	Extension of Term Loans; Extension of Revolving Loans	110
	 	 	 
	Article III	 
	 	 	 
	TAXES, YIELD PROTECTION AND ILLEGALITY	116
	3.01	Taxes	116
	3.02	Illegality	119
	3.03	Inability to Determine Rates	119
	3.04	Increased Costs	120
	3.05	Compensation for Losses	122
	3.06	Mitigation Obligations; Replacement of Lenders	123

     

     

    

	3.07	Survival	123
	 	 	 
	Article IV	 
	 	 
	GUARANTY	123
	4.01	The Guaranty	123
	4.02	Obligations Unconditional	124
	4.03	Reinstatement	126
	4.04	Certain Additional Waivers	126
	4.05	Remedies	126
	4.06	Rights of Contribution	127
	4.07	Guarantee of Payment; Continuing Guarantee	127
	4.08	Limitation on Guaranty by Luxembourg Guarantors	128
	4.09	Limitation on Guaranty	128
	4.10	Limitation on Guaranty by Swiss Guarantors.	128
	4.11	Keepwell	130
	 	 	 
	Article V	 
	 	 
	CONDITIONS PRECEDENT	131
	5.01	Conditions Precedent to Initial Credit Extensions on the Closing Date.	131
	5.02	Conditions to Credit Extensions After the Closing Date	136
	 	 	 
	Article VI	 
	 	 
	REPRESENTATIONS AND WARRANTIES	136
	6.01	Existence.	136
	6.02	Corporate Power; Authorization	137
	6.03	No Contravention	137
	6.04	Binding Effect	137
	6.05	Financial Statements; No Material Adverse Effect	138
	6.06	Litigation	138
	6.07	No Default	138
	6.08	Ownership of Property	138
	6.09	Environmental Compliance	139
	6.10	Insurance	139
	6.11	Taxes	139
	6.12	ERISA Compliance	139
	6.13	Subsidiaries	140
	6.14	Use of Proceeds; Margin Regulations; Investment Company Act	140
	6.15	Disclosure	141
	6.16	Compliance with Laws	141
	6.17	Intellectual Property	141
	6.18	Solvency	142
	6.19	Perfection of Security Interests in the Collateral	142
	6.20	Business Locations; Taxpayer Identification Number	142
	6.21	Anti-Terrorism Laws; OFAC	142
	6.22	Anti-Corruption Laws; FCPA.	143
	6.23	COMI	143

    (ii)

     

    

	Article VII	 
	 	 
	AFFIRMATIVE COVENANTS	143
	7.01	Financial Statements	144
	7.02	Certificates; Other Information	144
	7.03	Notices	146
	7.04	Payment of Taxes	147
	7.05	Preservation of Existence, Etc.	148
	7.06	Maintenance of Properties	148
	7.07	Maintenance of Insurance	148
	7.08	Compliance with Laws	148
	7.09	Books and Records	149
	7.10	Inspection Rights	149
	7.11	Use of Proceeds	149
	7.12	Additional Subsidiaries	150
	7.13	Further Assurances	150
	7.14	Pledged Assets	151
	7.15	COMI	152
	7.16	Ratings	152
	7.17	Designation of Subsidiaries	153
	7.18	Margin Regulations	153
	7.19	Post-Closing Obligations	153
	 	 	 
	Article VIII	 
	 	 
	NEGATIVE COVENANTS	154
	8.01	Liens	154
	8.02	Investments	156
	8.03	Indebtedness	158
	8.04	Fundamental Changes	160
	8.05	Dispositions	161
	8.06	Restricted Payments	162
	8.07	Change in Nature of Business	163
	8.08	Transactions with Affiliates	163
	8.09	Burdensome Agreements	163
	8.10	Use of Proceeds	165
	8.11	Financial Covenant	165
	8.12	Prepayment of Other Indebtedness, Etc.	165
	8.13	Organization Documents; Fiscal Year; Legal Name, State of Formation and Form of Entity	166
	 	 	 

	Article IX
	 
	EVENTS OF DEFAULT AND REMEDIES	166
	9.01	Events of Default	166
	9.02	Remedies Upon Event of Default	169
	9.03	Application of Funds	170

    (iii)

     

    

	Article X	 
	 	 
	ADMINISTRATIVE AGENT	173
	10.01	Appointment and Authority	173
	10.02	Rights as a Lender	173
	10.03	Exculpatory Provisions	174
	10.04	Reliance by Administrative Agent	175
	10.05	Delegation of Duties	175
	10.06	Resignation of Administrative Agent	175
	10.07	Non-Reliance on Administrative Agent and Other Lenders	176
	10.08	No Other Duties; Etc.	177
	10.09	Administrative Agent May File Proofs of Claim	177
	10.10	Collateral and Guaranty Matters	178
	10.11	Secured Swap Contracts and Secured Treasury Management Agreements	179
	10.12	Delivery of Information	179
	 	 	 
	Article XI	 
	 	 
	MISCELLANEOUS	179
	11.01	Amendments, Etc.	179
	11.02	Notices; Effectiveness; Electronic Communications	183
	11.03	No Waiver; Cumulative Remedies; Enforcement	185
	11.04	Expenses; Indemnity; and Damage Waiver	186
	11.05	Payments Set Aside	188
	11.06	Successors and Assigns	189
	11.07	Treatment of Certain Information; Confidentiality	194
	11.08	Set-off; Several Obligations	195
	11.09	Interest Rate Limitation	196
	11.10	Counterparts; Integration; Effectiveness	196
	11.11	Survival of Representations and Warranties	197
	11.12	Severability	197
	11.13	Replacement of Lenders	197
	11.14	Governing Law; Jurisdiction; Etc.	199
	11.15	Waiver of Right to Trial by Jury	200
	11.16	No Advisory or Fiduciary Responsibility	201
	11.17	Electronic Execution of Assignments and Certain Other Documents	202
	11.18	USA PATRIOT Act Notice	202
	11.19	Judgment Currency	202
	11.20	Release of Collateral and Guaranty Obligations	203
	11.21	Waiver of Sovereign Immunity	204
	11.22	Intercreditor Agreements	204
	 	 	 	 

    (iv)

     

    

	SCHEDULES
	 
	1.01	Post-Closing Reorganization Transactions
	2.01	Commitments and Applicable Percentages
	6.02	Consents
	6.06	Litigation
	6.10	Insurance
	6.13	Subsidiaries
	6.17	IP Rights
	6.20(a)	Locations of Real Property
	6.20(b)	Locations of Tangible Personal Property
	6.20(c)	Location of Chief Executive Office, Taxpayer Identification Number, Etc.
	6.20(d)	Changes in Legal Name, State of Formation and Structure
	7.19 	Post-Closing Obligations
	8.01	Liens Existing on the Closing Date
	8.02(b)	Investments Existing on the Closing Date
	8.03	Indebtedness Existing on the Closing Date
	8.05	Dispositions
	8.08	Affiliate Transactions
	11.02	Certain Addresses for Notices
	 	 
	EXHIBITS
	 
	1.01(a)	Form of Incremental Term Loan Agreement
	1.01(b)	Form of Re-Allocation Agreement
	1.01(c)	Form of U.S. Security Agreement
	1.01(d)	Form of Term Note
	1.01(e)	Form of Revolving Note
	1.10	Guaranty and Security Principles
	2.02	Form of Loan Notice
	5.01(j)	Form of Solvency Certificate
	7.02	Form of Compliance Certificate
	7.12	Form of Joinder Agreement
	11.06(b)	Form of Assignment and Assumption

    (v)

     

    

CREDIT AGREEMENT

 

This CREDIT AGREEMENT
is entered into as of July 8, 2015 among SS&C TECHNOLOGIES, INC., a Delaware corporation (the “Company”),
SS&C EUROPEAN HOLDINGS, a société à responsabilité limitée, organized under the laws
of Luxembourg with a share capital of USD 2,734,140 having its registered office at 5 Rue Guillaume Kroll, L-1882, Luxembourg,
Grand-Duchy of Luxembourg and registered with the Luxembourg Register of Commerce and Companies under number B173925 (the “Designated
Borrower 1”), SS&C TECHNOLOGIES HOLDINGS EUROPE, a société à responsabilité limitée,
organized under the laws of Luxembourg with a share capital of USD 6,554,748 having its registered office at 5 Rue Guillaume Kroll,
L-1882, Luxembourg, Grand-Duchy of Luxembourg and registered with the Luxembourg Register of Commerce and Companies under number
B163.061 (the “Designated Borrower 2” and, together with the Designated Borrower 1, each a “Designated
Borrower” and, collectively the “Designated Borrowers” and the Designated Borrowers, together with
the Company, the “Borrowers” and each a “Borrower”), SS&C TECHNOLOGIES HOLDINGS, INC.,
a Delaware corporation (the “Parent”), the other Guarantors (defined herein), the Lenders (defined herein),
Deutsche Bank AG New York Branch, as Administrative Agent and as an L/C Issuer and Morgan Stanley Bank, N.A., as an L/C Issuer.

 

The Company and the
Designated Borrowers have requested that the Lenders provide (i) the Revolving Facility to the Company in the aggregate principal
amount of $150,000,000, (ii) the Term A-1 Facility to the Designated Borrower 1 in an aggregate principal amount of $98,000,000,
(ii) the Term A-2 Facility to the Designated Borrower 2 in an aggregate principal amount of $152,000,000, (iii) the Term B-1 Facility
to the Company in an aggregate principal amount of $1,820,000,000 and (iv) the Term B-2 Facility to the Designated Borrower 1 in
an aggregate principal amount of $410,000,000, and the Lenders are willing to do so on the terms and conditions set forth herein.

 

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

 

Article
I

DEFINITIONS AND ACCOUNTING TERMS

 

1.01Defined
Terms.

 

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

 

“Acquisition”,
by any Person, means the acquisition by such Person, in a single transaction or in a series of related transactions, of either
(a) all or a substantial portion of the property of, or a line of business, product line or division of, another Person or (b)
Equity Interests of another Person that, upon the consummation thereof, will be a Subsidiary owned directly or indirectly by the
Parent or a Designated Borrower, in each case whether or not involving a merger or consolidation with such other Person.

 

    - 1 -

     

    

“Act”
has the meaning specified in Section 11.18.

 

“Additional
Refinancing Lender” means, at any time, any bank, financial institution or other institutional lender or investor (other
than any such bank, financial institution or other institutional lender or investor that is a Lender at such time) that agrees
to provide any portion of any Credit Agreement Refinancing Indebtedness pursuant to a Refinancing Amendment in accordance with
Section 2.17, provided that each Additional Refinancing Lender shall be subject to the approval of (i) (A) in the
case of Refinancing Term Loans, the Administrative Agent, such approval not to be unreasonably withheld or delayed, to the extent
that such Additional Refinancing Lender is not then an existing Lender, an Affiliate of a then existing Lender or an Approved Fund
or (B) in the case of Refinancing Revolving Commitments, the Administrative Agent and each L/C Issuer, such approval not to be
unreasonably withheld or delayed, to the extent that such Additional Refinancing Lender is not then an existing Revolving Lender,
an Affiliate of an existing Revolving Lender or an Approved Fund with respect to a Revolving Lender and (ii) the Company (such
approval not to be unreasonably withheld, delayed or conditioned).

 

“Administrative
Agent” means Deutsche Bank AG New York Branch in its capacity as administrative agent and/or collateral agent under any
of the Loan Documents, or any successor administrative agent and/or collateral agent.

 

“Administrative
Agent’s Office” means, with respect to any currency, the Administrative Agent’s address and, as appropriate,
account as set forth on Schedule 11.02 with respect to such currency, or such other address or account with respect to such
currency as the Administrative Agent may from time to time notify to the Company and the Lenders.

 

“Administrative
Questionnaire” means an Administrative Questionnaire in substantially the form approved by the Administrative Agent.

 

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

 

“Aggregate
Revolving Commitments” means the Revolving Commitments of all the Lenders. The initial amount of the Aggregate Revolving
Commitments in effect on the Closing Date is ONE HUNDRED FIFTY MILLION DOLLARS ($150,000,000), as such amount may be adjusted from
time to time in accordance with this Agreement.

 

“Agreement”
means this Credit Agreement.

 

“Alternative
Currency” means the Euro, Sterling and each other currency (other than Dollars) that is approved in accordance
with Section 1.06.

 

“Alternative
Currency Equivalent” means, at any time, with respect to any amount denominated in Dollars, the equivalent amount thereof
in the applicable Alternative Currency as determined by the Administrative Agent or the Applicable L/C Issuer, as the case may
be, at

 

    - 2 -

     

    

such time on the basis of the Spot Rate
(determined in respect of the most recent Revaluation Date) for the purchase of such Alternative Currency with Dollars.

 

“Alternative
Currency Sublimit” means an amount equal to the lesser of (a) $25,000,000 and (b) the Aggregate Revolving Commitments.
The Alternative Currency Sublimit is part of, and not in addition to, the Aggregate Revolving Commitments.

 

“Applicable
ECF Percentage” means, with respect to any Excess Cash Flow Period, the percentage of Excess Cash Flow required to be
repaid pursuant to Section 2.05(b)(iii) for such Excess Cash Flow Period.

 

“Applicable
L/C Issuer” means, with respect to any Letter of Credit, the L/C Issuer with respect thereto.

 

“Applicable
L/C Sublimit” means (a) with respect to each L/C Issuer on the Closing Date, the amount set forth opposite such L/C Issuer’s
name on Schedule 2.01 and (b) with respect to any other Person that becomes an L/C Issuer hereunder, such amount as agreed
to in writing by the Company and such Person at the time such Person becomes an L/C Issuer pursuant to the terms of the applicable
agreement pursuant to which such entity agrees to become an L/C Issuer hereunder, as each of the foregoing amounts may be decreased
or increased from time to time with the written consent of the Company and the L/C Issuers (provided that any increase in
the Applicable L/C Sublimit with respect to any L/C Issuer shall only require the consent of the Company and such L/C Issuer).

 

“Applicable
Percentage” means with respect to (a) any Revolving Lender at any time, with respect to such Revolving Lender’s
Revolving Commitment at any time, the percentage (carried out to the ninth decimal place) of the Aggregate Revolving Commitments
represented by such Revolving Lender’s Revolving Commitment at such time; provided that if the commitment of each
Revolving Lender to make Revolving Loans and the obligation of each L/C Issuer to make L/C Credit Extensions have been terminated
pursuant to Section 9.02 or if the Aggregate Revolving Commitments have expired, then the Applicable Percentage of
each Revolving Lender shall be determined based on the Applicable Percentage of such Revolving Lender most recently in effect,
giving effect to any subsequent assignments and (b) any Term Lender under a given Term Facility at any time, with respect to such
Term Lender’s Term Loans under such Term Facility at any time, the percentage (carried out to the ninth decimal place) of
the outstanding principal amount of all Term Loans under such Term Facility held by such Term Lender at such time. The initial
Applicable Percentage of each Lender is set forth opposite the name of such Lender on Schedule 2.01, in the Assignment and
Assumption pursuant to which such Lender becomes a party hereto, in any documentation executed by such Lender pursuant to Section 2.01(d),
in any Extension Amendment or in any Refinancing Amendment, as applicable. The Applicable Percentages of the Revolving Lenders
shall be subject to adjustment as provided in Section 2.15(iv).

 

“Applicable
Rate” means (a) with respect to an Incremental Term Loan, the percentage(s) per annum set forth in the applicable Incremental
Term Loan Agreement; (b) at any time when the Consolidated Net Secured Leverage Ratio is greater than or equal to 3.00:1.00 (“Pricing
Tier 

 

    - 3 -

     

    

A1”), with respect to Term
A-1 Loans and Term A-2 Loans (i) maintained as Base Rate Loans, 1.75% per annum and (ii) maintained as Eurocurrency Rate Loans,
2.75% per annum; (c) at any time when the Consolidated Net Secured Leverage Ratio is less than 3.00:1.00 (“Pricing Tier
A2”), with respect to Term A-1 Loans and Term A-2 Loans (i) maintained as Base Rate Loans, 1.50% per annum and (ii) maintained
as Eurocurrency Rate Loans, 2.50% per annum; (d) at any time when the Consolidated Net Leverage Ratio is greater than or equal
to 4:00:1.00 (“Pricing Tier B1”) with respect to Term B-1 Loans and Term B-2 Loans (i) maintained as Base Rate
Loans, 2.25% per annum and (ii) maintained as Eurocurrency Rate Loans, 3.25% per annum; (e) at any time when the Consolidated Net
Leverage Ratio is less than 4.00:1.00 (“Pricing Tier B2”), with respect to Term B-1 Loans and Term B-2 Loans
(i) maintained as Base Rate Loans, 2.00% per annum and (ii) maintained as Eurocurrency Rate Loans, 3.00% per annum, (f) at any
time when the Consolidated Net Secured Leverage Ratio is at Pricing Tier A1, with respect to Revolving Loans (i) maintained as
Base Rate Loans, 1.75% per annum and (ii) maintained as Eurocurrency Rate Loans, 2.75% per annum; (g) at any time when the Consolidated
Net Secured Leverage Ratio is at Pricing Tier A2, with respect to Revolving Loans (i) maintained as Base Rate Loans, 1.50% per
annum and (ii) maintained as Eurocurrency Rate Loans, 2.50% per annum, (h) with respect to any Class of Extended Revolving Commitments
or any Extended Term Loans or revolving credit loans or swing line loans made pursuant to any Extended Revolving Commitments, the
percentage(s) per annum set forth in the applicable Extension Amendment, (i) with respect to any Class of Refinancing Revolving
Commitments, Refinancing Revolving Loans or Refinancing Term Loans, the percentage(s) per annum set forth in the applicable Refinancing
Amendment, and (j) with respect to the commitment fees payable in respect of undrawn Revolving Commitments pursuant to Section
2.09(a), the following percentages per annum:

 

	Pricing Tier	Consolidated Net Secured Leverage Ratio	Commitment Fee
	A1	≥ 3.0:1.0	0.50%
	A2	< 3.0:1.0	0.375%

 

in each case in clauses (b), (c),
(d), (e), (f), (g) and (j) above based upon the Consolidated Net Secured Leverage Ratio or Consolidated
Net Leverage Ratio (as applicable) as set forth in the most recent Compliance Certificate received by the Administrative Agent
pursuant to Section 7.02(b).

 

Any increase or decrease in the Applicable
Rate resulting from a change in the Consolidated Net Secured Leverage Ratio or Consolidated Net Leverage Ratio shall become effective
as of the first Business Day immediately following the date a Compliance Certificate is delivered pursuant to Section 7.02(b);
provided, however, that if a Compliance Certificate is not delivered when due in accordance with such Section, then
upon the request of the Required Lenders, Pricing Tier A1 and Pricing Tier B1 shall each apply as of the first Business
Day after the date on which such Compliance Certificate was required to have been delivered and shall continue to apply until the

 

    - 4 -

     

    

first Business Day immediately following
the date a Compliance Certificate is delivered in accordance with Section 7.02(b), whereupon the Applicable Rate shall
be adjusted based upon the calculation of the Consolidated Net Secured Leverage Ratio or Consolidated Net Leverage Ratio (as applicable)
contained in such Compliance Certificate. The Applicable Rate in effect from the Closing Date through the first Business Day immediately
following the date a Compliance Certificate is delivered pursuant to Section 7.02(b) for the first fiscal quarter ending
after the Closing Date shall be Pricing Tier A1 and Pricing Tier B1.

 

“Applicable
Revolving Percentage” means, with respect to any Revolving Lender at any time, such Revolving Lender’s Applicable
Percentage in respect of the Revolving Facility at such time.

 

“Applicable
Time” means, with respect to any borrowings and payments in any Alternative Currency, the local time in the place of
settlement for such Alternative Currency as may be determined by the Administrative Agent or the Applicable L/C Issuer, as the
case may be, to be necessary for timely settlement on the relevant date in accordance with normal banking procedures in the place
of payment.

 

“Appropriate
Lender” means, at any time, (a) with respect to any Facility, a Lender that has a Commitment with respect to such Facility
or that holds a Loan under such Facility, at such time and (b) with respect to the Letter of Credit Sublimit, (i) each L/C Issuer
and (ii) if any Letters of Credit have been issued pursuant to Section 2.03(a), the Revolving Lenders.

 

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

 

“Arrangers”
means Deutsche Bank Securities Inc., Morgan Stanley Senior Fund, Inc. and Barclays Bank PLC, each in its capacity as joint lead
arranger and joint bookrunner.

 

“Assignee
Group” means two or more Eligible Assignees that are Affiliates of one another or two or more Approved Funds managed
by the same investment advisor.

 

“Assignment
and Assumption” means an assignment and assumption entered into by a Lender and an assignee (with the consent of any
party whose consent is required by Section 11.06(b)), and accepted by the Administrative Agent, in substantially the
form of Exhibit 11.06(b) or any other form approved by the Administrative Agent.

 

“Attributable
Indebtedness” means, on any date, (a) in respect of any Capital Lease of any Person, the capitalized amount thereof that
would appear on a balance sheet of such Person prepared as of such date in accordance with GAAP, (b) in respect of any Synthetic
Lease, the capitalized amount of the remaining lease payments under the relevant lease that would appear on a balance sheet of
such Person prepared as of such date in accordance with GAAP if such lease were accounted for as a Capital Lease, and (c) in respect
of any Securitization Transaction of any Person, the outstanding principal amount of such financing, after taking into account

 

    - 5 -

     

    

reserve accounts and making appropriate
adjustments, determined by the Administrative Agent in its reasonable judgment.

 

“Audited Financial
Statements” means the audited consolidated balance sheet of the Parent and its Subsidiaries for the fiscal year ended
December 31, 2014, and the related consolidated statements of income or operations, shareholders’ equity and cash flows of
the Parent and its Subsidiaries for such fiscal year, including the notes thereto.

 

“Availability
Period” means with respect to the Revolving Facility, the period from and including the Closing Date to the earliest
of (i) the Revolving Loan Maturity Date, (ii) the date of termination of the Aggregate Revolving Commitments pursuant to Section 2.06,
and (iii) the date of termination of the commitment of each Revolving Lender to make Revolving Loans and of the obligation of each
L/C Issuer to make L/C Credit Extensions pursuant to Section 9.02.

 

“Available
Amount” means, at any date, an amount, not less than zero in the aggregate, determined on a cumulative basis equal to,
without duplication:

 

(a)the Retained
Excess Cash Flow Amount at such time, plus

 

(b)the cumulative
amount of cash and Cash Equivalent proceeds from the sale of Equity Interests and capital contributions (other than Disqualified
Capital Stock) received by the Parent (other than any proceeds included for purposes of determining amounts available for Investments
under Section 8.02(n)) and contributed to the Company after the Closing Date in the form of common equity, plus

 

(c)the cumulative
amount of cash and Cash Equivalent proceeds from the issuance of Indebtedness (including, for the avoidance of doubt, Disqualified
Capital Stock) of the Company or any Restricted Subsidiary, in each case, issued after the Closing Date which has been converted
into Qualified Capital Stock of the Parent on or prior to such date, plus

 

(d)in the event
any Unrestricted Subsidiary has been re-designated as a Restricted Subsidiary or has been merged, consolidated or amalgamated with
or into, or transfers or conveys all or substantially all of its assets to, or is liquidated into, the Company or a Restricted
Subsidiary, the fair market value of the Investments of the Company and the Restricted Subsidiaries in such Unrestricted Subsidiary
at the time of such redesignation, combination or transfer (or of the assets transferred or conveyed, as applicable), in each case
to the extent the original Investments in such Unrestricted Subsidiary were made after the Closing Date in reliance on the Available
Amount pursuant to Section 8.02(s), plus

 

(e)an amount equal
to any net after-tax returns in cash and Cash Equivalents (including dividends, interest, distributions, returns of principal,
sale proceeds, repayments, income and similar amounts) actually received by the Company or any Restricted Subsidiary in respect
of any Investments made pursuant to Section 8.02(s), minus

 

(f)any amount of
the Available Amount used to make Investments pursuant to Section 8.02(s) after the Closing Date and prior to such time;
minus

 

    - 6 -

     

    

(g)any amount of
the Available Amount used to make Restricted Payments pursuant to Section 8.06(h) after the Closing Date and prior to such
time; minus

 

(h)any amount of
the Available Amount used to make payments or distributions in respect of Subordinated Debt pursuant to Section 8.12(b)(iv)
after the Closing Date and prior to such time, minus

 

(i)the amount of
any Restricted Payments made pursuant to Section 8.06(c) after the Closing Date and prior to such time.

 

“Base Rate”
means for any day a fluctuating rate per annum equal to the highest of (a) the Federal Funds Rate plus 0.50%, (b) the rate
of interest in effect for such day as publicly announced from time to time by DBNY as its “prime rate”, (c) the Eurocurrency
Rate for Loans denominated in Dollars (which rate shall be based upon an Interest Period of one month and shall be determined on
a daily basis) plus 1.0% and (d) solely in the case of Term B-1 Loans and Term B-2 Loans, 1.75% per annum. The “prime
rate” is a rate set by DBNY based upon various factors including DBNY’s costs and desired return, general economic
conditions and other factors, and is used as a reference point for pricing some loans, which may be priced at, above, or below
such announced rate. Any change in the “prime rate” announced by DBNY shall take effect at the opening of business
on the day specified in the public announcement of such change.

 

“Base Rate
Loan” means a Loan that bears interest based on the Base Rate. Base Rate Loans shall be denominated in Dollars.

 

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

 

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

 

“Business
Day” means any day other than a Saturday, Sunday or other day on which commercial banks are authorized to close under
the Laws of, or are in fact closed in, New York, New York or the state where the Administrative Agent’s Office with respect
to Obligations denominated in Dollars is located and (a) if such day relates to any interest rate settings as to a Eurocurrency
Rate Loan denominated in Dollars, any fundings, disbursements, settlements and payments in Dollars in respect of any such Eurocurrency
Rate Loan, or any other dealings in Dollars to be carried out pursuant to this Agreement in respect of any such Eurocurrency Rate
Loan, means any such day that is also a London Banking Day, (b) if such day relates to any interest rate settings as to a Eurocurrency
Rate Loan denominated in Euro, any fundings, disbursements, settlements and payments in Euro in respect of any such Eurocurrency
Rate Loan, or any other dealings in Euro to be carried out pursuant to this Agreement in respect of any such Eurocurrency Rate
Loan, means a TARGET Day, (c) if such day relates to any interest rate settings as to a Eurocurrency Rate Loan denominated in a
currency other than Dollars or Euro, means any such day on which dealings in deposits in the relevant currency are conducted by
and

 

    - 7 -

     

    

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

 

“Capital Expenditures”
means, for any period then ended, all cash capital expenditures of the Parent and its Restricted Subsidiaries on a consolidated
basis for such period, as determined in accordance with GAAP (including acquisitions of IP Rights to the extent the cost thereof
is treated as a capitalized expense in accordance with GAAP) and made in cash during such period.

 

“Capital Lease”
means, as applied to any Person, any lease of any property by that Person as lessee which, in accordance with GAAP, but subject
to the last sentence of Section 1.03(b), is required to be accounted for as a capital lease on the balance sheet of that Person.

 

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

 

“Cash Equivalents”
means, as at any date, (a) securities issued or directly and fully guaranteed or insured by the United States or any agency
or instrumentality thereof (provided that the full faith and credit of the United States is pledged in support thereof)
having maturities of not more than twelve months from the date of acquisition, (b) Dollar denominated time deposits and certificates
of deposit of (i) any Lender, (ii) any domestic commercial bank of recognized standing having capital and surplus in
excess of $500,000,000 or (iii) any bank whose short-term commercial paper rating from S&P is at least A-1 or the equivalent
thereof or from Moody’s is at least P-1 or the equivalent thereof (any such bank being an “Approved Bank”),
in each case with maturities of not more than 270 days from the date of acquisition, (c) commercial paper and variable or
fixed rate notes issued by any Approved Bank (or by the parent company thereof) or any variable rate notes issued by, or guaranteed
by, any domestic corporation rated A-1 (or the equivalent thereof) or better by S&P or P-1 (or the equivalent thereof) or better
by Moody’s and maturing within six months of the date of acquisition, (d) repurchase agreements entered into by any
Person with a bank or trust company (including any of the Lenders) or recognized securities dealer having capital and surplus in
excess of $500,000,000 for direct obligations issued by or fully guaranteed by the United States in which such Person shall have
a perfected first priority security interest (subject to no other Liens) and having, on the date of purchase thereof, a fair market
value of at least 100% of the amount of the repurchase

 

    - 8 -

     

    

obligations, (e) investments substantially
equivalent to those referred to in clauses (a) through (d) above denominated in Euros or any other foreign currency comparable
in credit quality and tenor to those referred to above customarily used by business entities for cash management purposes in any
jurisdiction outside the United States to the extent reasonably required in connection with any business conducted by any Restricted
Subsidiary organized or operating in such jurisdiction and (f) investments, classified in accordance with GAAP as current
assets, in money market investment programs registered under the Investment Company Act of 1940 which are administered by reputable
financial institutions having capital of at least $500,000,000 and the portfolios of which are limited to Investments of the character
described in the foregoing subdivisions (a) through (d).

 

“Cayman Security
Document” means (a) that certain Share Security Agreement between GlobeOp Financial Services (Switzerland) GmbH, as chargor,
and the Administrative Agent, as security agent, dated as of the date hereof and (b) each other Cayman Islands law governed document
or instrument which creates or evidences or which is expressed to create or evidence any Lien granted or required to be granted
pursuant to Section 7.14.

 

“CFC”
means a “controlled foreign corporation” within the meaning of Section 957 of the Internal Revenue Code.

 

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

 

“Change of
Control” means an event or series of events by which:

 

(a)any “person”
or “group” (as such terms are used in Sections 13(d) and 14(d) of the Securities Exchange Act of 1934, but excluding
any employee benefit plan of such person or its subsidiaries, and any person or entity acting in its capacity as trustee, agent
or other fiduciary or administrator of any such plan), other than a Permitted Holder, becomes the “beneficial owner”
(as defined in Rules 13d-3 and 13d-5 under the Securities Exchange Act of 1934), directly or indirectly, of more than 40% of the
Voting Stock of the Parent (measured by voting power rather than number of shares) on a fully diluted basis;

 

(b)a majority of
the members of the board of directors (or equivalent governing body) of the Parent are not Continuing Directors; or

 

    - 9 -

     

    

(c)the Parent fails
to, directly or indirectly, own and control all of the issued Voting Stock of (i) the Company or (ii) any Designated Borrower.

 

“Class”
means (a) when used with respect to any Lender, refers to whether such Lender has a Loan or Commitment with respect to a particular
Class of Loans or Commitments, (b) when used with respect to Commitments, refers to whether such Commitments are Revolving
Commitments, Extended Revolving Commitments of a given Extension Series, Refinancing Revolving Commitments of a given Refinancing
Series, Term A-1 Commitments, Term A-2 Commitments, Term B-1 Commitments, Term B-2 Commitments, Incremental Term Loan Commitments
of a given Incremental Series, Refinancing Term Commitments of a given Refinancing Series or Commitments in respect of Replacement
Term Loans and (c) when used with respect to Loans or a Borrowing, refers to whether such Loans, or the Loans comprising such Borrowing,
are Revolving Loans, Extended Revolving Loans of a given Extension Series, Refinancing Revolving Loans of a given Refinancing Series,
Term A-1 Loans, Term A-2 Loans, Term B-1 Loans, Term B-2 Loans, Extended Term Loans of a given Extension Series, Incremental Term
Loans of a given Incremental Series, Refinancing Term Loans of a given Refinancing Series or Replacement Term Loans established
pursuant to the same amendment to this Agreement. Commitments (and in each case, the Loans made pursuant to such Commitments) that
have different terms and conditions shall be construed to be in different Classes. Commitments (and, in each case, the Loans made
pursuant to such Commitments) that have the same terms and conditions shall be construed to be in the same Class.

 

“Closing Date”
means the date on which the conditions specified in Section 5.01 are satisfied (or waived in accordance with Section
11.01) and the borrowing of Term A-1 Loans, Term A-2 Loans, Term B-1 Loans and Term B-2 Loans is made hereunder.

 

“Co-Managers”
means Merrill Lynch, Pierce, Fenner & Smith Incorporated, Credit Suisse Securities (USA) LLC and Jefferies Finance LLC, each
in its capacity as a co-manager.

 

“Collateral”
means a collective reference to all personal property with respect to which Liens in favor of the Administrative Agent, for the
benefit of itself and the Lenders, are purported to be granted pursuant to and in accordance with the terms of the Collateral Documents.

 

“Collateral
Documents” means a collective reference to the U.S. Security Agreement, the English Security Documents, the Lux Security
Documents, the Swiss Security Documents, the Cayman Security Documents, the Irish Security Documents and other security documents
as may be executed and delivered by the Loan Parties pursuant to the terms of Section 7.14, Section 7.19 or
any of the Loan Documents.

 

“Commitment”
means with respect to each Lender (i) as to each Revolving Lender, the Revolving Commitment of such Revolving Lender, (ii) as to
each Term A-1 Lender, the Term A-1 Commitment of such Term A-1 Lender, (iii) as to each Term A-2 Lender, the Term A-2 Commitment
of such Term A-2 Lender, (iv) as to each Term B-1 Lender, the Term B-1 Commitment of such Term B-1 Lender, (v) as to each Term
B-2 Lender, the Term B-2 Commitment of such Term B-2 Lender, (vi) as to any Incremental Term Loan, the Incremental Term Loan Commitment
of such Lender, (vii) as to any Extended Revolving Loans or Extended

 

    - 10 -

     

    

Term Loans, the Extended Revolving Commitments
or the Commitments to provide such Extended Term Loans (as applicable) of such Lender, (viii) as to any Refinancing Revolving Loans
or Refinancing Term Loans, the Refinancing Revolving Commitments or the Commitments to provide such Refinancing Term Loans (as
applicable) of such Lender and (ix) as to any Replacement Term Loans, the Commitments to provide such Replacement Term Loans
of such Lender.

 

“Commitment
Increase Amendment” has the meaning set forth in Section 2.01(f).

 

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

 

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

 

“Company Materials”
has the meaning specified in Section 7.02.

 

“Compliance
Certificate” means a certificate substantially in the form of Exhibit 7.02.

 

“Consolidated
Cash Taxes” means, as of any date for the applicable period ending on such date with respect to the Parent and its Restricted
Subsidiaries on a consolidated basis, the aggregate of all income, franchise and similar taxes (including penalties and interest),
as determined in accordance with GAAP, to the extent the same are payable in cash with respect to such period.

 

“Consolidated
Current Assets” means, with respect to any Person, the Current Assets of such Person and its Restricted Subsidiaries
on a consolidated basis.

 

“Consolidated
Current Liabilities” means, with respect to any Person and its Restricted Subsidiaries on a consolidated basis, all liabilities
that, in accordance with GAAP, would be classified as current liabilities on the consolidated balance sheet of such Person, but
excluding (a) the current portion of Indebtedness (including the Swap Termination Value of any Swap Contracts) to the extent reflected
as a liability on the consolidated balance sheet of such Person, (b) the current portion of interest, (c) accruals for current
or deferred Taxes based on income or profits, (d) accruals of any costs or expenses related to restructuring reserves, (e) deferred
revenue and (f) any L/C Obligations or Revolving Loans.

 

“Consolidated
EBITDA” means, for any period, for the Parent and its Restricted Subsidiaries on a consolidated basis, an amount equal
to (a) Consolidated Net Income for such period plus (b) an amount which, in the determination of Consolidated Net Income
for such period, has been deducted (or, in the case of amounts pursuant to clauses (vii) and (xii) below, not already
included in Consolidated Net Income) for, without duplication,

 

(i)total
interest expense determined in accordance with GAAP (including, to the extent deducted and not added back in computing Consolidated
Net Income, (A) amortization of original issue discount resulting from the issuance of Indebtedness at less than par, (B) all commissions,
discounts and other fees and charges owed with respect to

 

    - 11 -

     

    

letters of credit or bankers’
acceptances, (C) non-cash interest payments, (D) the interest component of Capital Leases, (E) net payments, if any, made (less
net payments, if any, received) pursuant to interest rate Swap Contracts with respect to Indebtedness, (F) amortization of deferred
financing fees, debt issuance costs, commissions, fees and expenses and (G) any expensing of bridge, commitment and other financing
fees) and, to the extent not reflected in such total interest expense, any losses on hedging obligations or other derivative instruments
entered into for the purpose of hedging interest rate risk, net of interest income and gains on such hedging obligations, and costs
of surety bonds in connection with financing activities (whether amortized or immediately expensed),

 

(ii)provision
for taxes based on income, profits or capital of the Parent and its Restricted Subsidiaries, including, without limitation, federal,
state, franchise, excise and similar taxes and foreign withholding taxes paid or accrued during such period including penalties
and interest related to such taxes or arising from any tax examinations,

 

(iii)depreciation
and amortization expense and impairment charges (including amortization of intangible assets (including goodwill) and deferred
financing fees or costs),

 

(iv)net
after-tax extraordinary, unusual or non-recurring charges, expenses or losses (including accruals and payments for amounts payable
under executive employment agreements and losses on disposition of property outside of the ordinary course of business),

 

(v)other
non-cash charges, expenses or losses (excluding any such non-cash charge, expense or loss to the extent that it represents an accrual
of or reserve for cash expenses in any future period, an amortization of a prepaid cash expense that was paid in a prior period
or write-off or writedown of, or reserves with respect to, current assets (but including any non-cash increase in expenses resulting
from the revaluation of inventory (including any impact of changes to inventory valuation policy methods including changes in capitalization
and variances and the non-cash portion of “straight line” rent expense)),

 

(vi)restructuring
charges or reserves and business optimization expense, including any restructuring costs and integration costs incurred in connection
with Permitted Acquisitions or operational changes after the Closing Date, project start-up costs, costs related to the closure
and/or consolidation of facilities, retention charges, contract termination costs, retention, recruiting, relocation, severance
and signing bonuses and expenses, future lease commitments, systems establishment costs, conversion costs and excess pension charges
and consulting fees,

 

(vii)the
amount of net cost savings, operating expense reductions, other operating improvements and acquisition synergies projected by the
Company in good faith to be realized during such period (calculated on a pro forma basis as though such items had been realized
on the first day of such period) as a result of actions taken or to be taken in connection with any acquisition, disposition or
operational change by the

 

    - 12 -

     

    

Company or any Restricted Subsidiary,
net of the amount of actual benefits realized during such period that are otherwise included in the calculation of Consolidated
EBITDA from such actions; provided that (A) a duly completed certificate signed by a Responsible Officer of the Company
shall be delivered to the Administrative Agent together with the Compliance Certificate required to be delivered pursuant to Section
7.02(b), certifying that (x) such cost savings, operating expense reductions, other operating improvements and synergies are
reasonably anticipated to be realized within the timeframes set forth in clause (y) below and are factually supportable, in each
case as determined in good faith by the Company, and (y) such actions have been, in the case of any acquisition, disposition or
implementation of any initiative relating to such acquisition or disposition which is expected to result in such cost savings,
expense reductions or synergies, taken or are to be taken within 18 months after the consummation of such acquisition, disposition
or initiative or, in the case of operational changes, substantially completed, (B) no cost savings, operating expense reductions
and synergies shall be added pursuant to this clause (vii) to the extent duplicative of any expenses or charges otherwise
added to Consolidated Net Income, whether through a pro forma adjustment or otherwise, for such period, (C) amounts projected (and
not yet realized) may no longer be added in calculating Consolidated EBITDA pursuant to this clause (vii) to the extent
occurring more than four full fiscal quarters after the specified action taken in order to realize such projected cost savings,
operating expense reductions and synergies and (D) the aggregate amount of add backs made pursuant to this clause (vii)
(other than any such add backs relating to the Target Acquisition), shall not exceed an amount equal to 15% of Consolidated EBITDA
for the period of four consecutive fiscal quarters most recently ended prior to the determination date (without giving effect to
any adjustments pursuant to this clause (vii)),

 

(viii)non-cash
expenses resulting from any employee benefit or management compensation plan or the grant of stock and stock options to employees
of the Parent or any Restricted Subsidiary pursuant to a written plan or agreement or the treatment of such options under variable
plan accounting,

 

(ix)all
fees, premiums and expenses incurred in connection with the Target Acquisition,

 

(x)any
non-cash purchase accounting adjustment and any step-ups with respect to re-valuing assets and liabilities in connection with any
Investment permitted under Section 8.02,

 

(xi)transaction
fees and expenses incurred in connection with, to the extent permitted hereunder, any Investment, any debt issuance (including,
for the avoidance of doubt, debt issuances under this Agreement and in connection with the Target Acquisition), any equity issuance,
any Disposition, any casualty event, or any amendments or waivers of the Loan Documents, or refinancings in connection therewith,
in each case, whether or not consummated,

 

    - 13 -

     

    

(xii)proceeds
from business interruption insurance (to the extent not reflected as revenue or income in Consolidated Net Income) in an amount
representing the revenue for the applicable period that such proceeds are intended to replace,

 

(xiii)charges,
losses, lost profits, expenses or write-offs to the extent indemnified or insured by a third party, including expenses covered
by indemnification provisions in connection with a Permitted Acquisition or any other acquisition permitted by Section 8.02
or any transaction permitted by Section 8.04, in each case, to the extent that coverage has not been denied and so long
as such amounts are actually reimbursed to the Parent or its Restricted Subsidiaries in cash within one year after the related
amount is first added to Consolidated EBITDA pursuant to this clause (xiii) (and if not so reimbursed within one year, such
amount shall be deducted from Consolidated EBITDA during the next measurement period),

 

(xiv)amounts
paid or reserved in connection with earn-out obligations in connection with any acquisition of a business or Person, and

 

(xv)rent
and other amounts accrued or expensed under Synthetic Leases,

 

minus

 

		(c)	an amount which, in the determination of Consolidated Net Income, has been included for

 

(i)all
extraordinary, non-recurring or unusual gains and non-cash income during such period,

 

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

 

(iii)any
gains realized upon the disposition of property outside of the ordinary course of business, plus/minus

 

		(d)	to the extent included in the determination of Consolidated
Net Income, net unrealized losses/gains (after any offset) in respect of (i) Swap Contracts and (ii) currency translation gains
or losses, including those related to currency remeasurements of indebtedness, all as determined in accordance with GAAP.

 

Notwithstanding anything to the contrary,
to the extent included in Consolidated Net Income, there shall be excluded in determining Consolidated EBITDA for any period any
income (loss) for such period attributable to the early extinguishment of (x) Indebtedness, (y) obligations under any Swap Contracts
or (z) other derivative instruments.

 

    - 14 -

     

    

For purposes of calculating Consolidated
EBITDA for any period, (A) the Consolidated EBITDA (determined in accordance with GAAP) of the subject of any Permitted Acquisition
by the Parent or its Restricted Subsidiaries during such period or (to the extent permitted under Section 1.03(c)(ii)) after
the end of such period and prior to the applicable date of determination shall be included on a Pro Forma Basis for such period
(but assuming the consummation of such Permitted Acquisition and the incurrence or assumption of any Indebtedness in connection
therewith occurred on the first day of such period), (B) the Consolidated EBITDA of (or attributable to) any Restricted Subsidiary
all of whose Equity Interests (or all or substantial portion of whose assets) are Disposed of, or any line of business or division
of the Parent or any of its Restricted Subsidiaries Disposed of, during such period or (to the extent permitted under Section
1.03(c)(ii)) after the end of such period and prior to the applicable date of determination shall be excluded for such period
(assuming the consummation of such Disposition and the repayment of any Indebtedness in connection therewith occurred on the first
day of such period), (C) the Consolidated EBITDA (determined in accordance with GAAP) of any Unrestricted Subsidiary that is designated
as a Restricted Subsidiary during such period or (to the extent permitted under Section 1.03(c)(ii)) after the end of such
period and prior to the applicable date of determination shall be included on a Pro Forma Basis for such period (but assuming such
designation and the incurrence or assumption of any Indebtedness in connection therewith occurred on the first day of such period)
and (D) the Consolidated EBITDA of (or attributable to) any Subsidiary that is designated as an Unrestricted Subsidiary during
such period or (to the extent permitted under Section 1.03(c)(ii)) after the end of such period and prior to the applicable
date of determination shall be excluded for such period (assuming the consummation of such designation, and that any Indebtedness
of such Subsidiary was retired in connection therewith, in each case on the first day of such period).

 

“Consolidated
Funded Indebtedness” means, as of any date of determination with respect to the Parent and its Restricted Subsidiaries
on a consolidated basis, without duplication, the sum of: (a) the outstanding principal amount of all obligations for borrowed
money, whether current or long-term (including the Obligations) and all obligations evidenced by bonds, debentures, notes, loan
agreements or other similar instruments; (b) all obligations arising under letters of credit (including standby and commercial
but excluding letters of credit to the extent such letters of credit have been cash collateralized), bankers’ acceptances,
bank guaranties and similar instruments and unreimbursed obligations under surety bonds; (c) all obligations in respect of the
deferred purchase price of property or services (including non-contingent earn-out payments and other non-contingent deferred payments
but excluding contingent earn-out payments, other contingent deferred payments and trade accounts payable in the ordinary course
of business); (d) all Attributable Indebtedness; (e) all Guarantees with respect to outstanding Indebtedness of the types specified
in clauses (a) through (d) above of another Person (except to the extent supported by a letter of credit); and (f) all Indebtedness
of the types referred to in clauses (a) through (e) above of any partnership or joint venture (other than a joint venture that
is itself a corporation, limited liability company or similar limited liability entity organized under the laws of a jurisdiction
other than the United States or a state thereof) in which the Parent or any of its Restricted Subsidiaries is a general partner
or joint venturer, except to the extent that such Indebtedness is expressly made non-recourse to such Person.

 

    - 15 -

     

    

“Consolidated
Net Income” means, for any period, for the Parent and its Restricted Subsidiaries on a consolidated basis, the net income
(or loss) of the Parent and its Restricted Subsidiaries for that period determined in accordance with GAAP (excluding (a) extraordinary
gains and extraordinary losses for such period and (b) the income (or loss) of any Person (other than a Restricted Subsidiary)
in which the Parent or any of its Restricted Subsidiaries has an ownership interest, except to the extent that any such income
is actually received by the Parent or such Restricted Subsidiary in the form of cash dividends or similar distributions).

 

“Consolidated
Net Leverage Ratio” means, as of any date of determination, the ratio of (a) Consolidated Funded Indebtedness as of such
date less all cash and Cash Equivalents of the Parent and its Restricted Subsidiaries to (b) Consolidated EBITDA for the four fiscal
quarters most recently ended for which financial statements were required to have been delivered pursuant to Section 7.01(a)
or 7.01(b).

 

“Consolidated
Net Leverage Ratio Test” means, as of any date of determination, the Consolidated Net Leverage Ratio shall not exceed
5.50:1.00.

 

“Consolidated
Net Secured Funded Indebtedness” means, as of any date of determination, the Consolidated Funded Indebtedness of the
Parent and its Restricted Subsidiaries on a consolidated basis that is secured by liens on the property of the Parent or any of
its Restricted Subsidiaries; provided, however, that all Term A-1 Loans, Term A-2 Loans, Term B-1 Loans, Term B-2
Loans, Revolving Loans, Revolving Commitments and any Credit Agreement Refinancing Indebtedness or any other permitted refinancing
or successive permitted refinancing with respect thereto shall at all times be deemed to be Consolidated Net Secured Funded Indebtedness
for purposes of calculating the Consolidated Net Secured Leverage Ratio in connection with Section 2.01(d)(i)(B)(y).

 

“Consolidated
Net Secured Leverage Ratio” means, as of any date of determination, the ratio of (a) Consolidated Net Secured Funded
Indebtedness as of such date less all cash and Cash Equivalents of the Parent and its Restricted Subsidiaries to (b)
Consolidated EBITDA for the four fiscal quarters most recently ended (or, in the case of determinations described in Section
1.03(c)(ii) as occurring after the end of the applicable period, the most recent four fiscal quarter period preceding the date
of such transaction for which financial statements were required to be delivered pursuant to Section 7.01(a) or 7.01(b)).

 

“Consolidated
Scheduled Funded Debt Payments” means, for any period with respect to the Parent and its Restricted Subsidiaries on a
consolidated basis, the sum of all scheduled payments of principal during such period on Consolidated Funded Indebtedness that
constitutes Funded Debt (including the implied principal component of payments due on Capital Leases during such period), less
the reduction in such scheduled payments resulting from voluntary prepayments or mandatory prepayments required pursuant to Section
2.05, in each case as applied pursuant to Section 2.05, as determined in accordance with GAAP.

 

“Consolidated
Total Assets” means the consolidated total assets of the Parent and its Restricted Subsidiaries as set forth on the consolidated
balance sheet of the Parent as of the most

 

    - 16 -

     

    

recent period for which financial statements
were required to have been delivered pursuant to Sections 7.01(a) and (b).

 

“Continuing
Director” means, as of any date of determination, any member of the board of directors or other equivalent governing
body of the Parent who: (1) was a member of such board of directors or other equivalent governing body on the Closing Date or was
nominated for election, elected or appointed, or was otherwise approved, by William C. Stone (or any estate, trust, corporation,
partnership or other entity Controlled by him) or (2) was nominated for election, elected or appointed to such board of directors
or other equivalent governing body by or with the approval of a majority of the Continuing Directors who were members of such board
of directors or other equivalent governing body at the time of such nomination, election or appointment.

 

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

 

“Control”
means the possession, directly or indirectly, of the power to direct or cause the direction of the management or policies of a
Person, whether through the ability to exercise voting power, by contract or otherwise. “Controlling” and “Controlled”
have meanings correlative thereto. Without limiting the generality of the foregoing, a Person shall be deemed to be Controlled
by another Person if such other Person possesses, directly or indirectly, the power to vote 20% or more of the Voting Stock.

 

“CPECs”
shall mean the convertible preferred equity certificates, regardless of class or series, having a nominal value of one Euro each,
issued by Lux Intermediate Holdco.

 

“Credit Agreement
Refinancing Indebtedness” means (a) Permitted First Priority Refinancing Debt, (b) Permitted Junior Priority Refinancing
Debt, (c) Permitted Unsecured Refinancing Debt or (d) other Indebtedness incurred pursuant to a Refinancing Amendment, in each
case, issued, incurred or otherwise obtained (including by means of the extension or renewal of existing Indebtedness) in exchange
for, or to extend, renew, replace, repurchase, retire or refinance, in whole or part, any Class of existing Loans (or any Class
of unused Commitments), or any then-existing Credit Agreement Refinancing Indebtedness (the “Refinanced Debt”);
provided that (i) such Indebtedness has a maturity no earlier, and a Weighted Average Life to Maturity equal to or
greater, than the Refinanced Debt, (ii) such Indebtedness shall not have a greater principal amount than the principal amount (or
accreted value, if applicable) of the Refinanced Debt plus accrued interest, fees, premiums (if any) and penalties thereon
and fees and expenses associated with the refinancing, plus an amount equal to any existing commitments unutilized thereunder,
(iii) the covenants and events of default of such Indebtedness are, taken as a whole, not materially more favorable to the investors
providing such Indebtedness than those contained in the documentation governing or evidencing the Refinanced Debt (except for (x)
covenants or other provisions applicable only to periods after the Maturity Date of the applicable Facility existing at the time
of incurrence of such Credit Agreement Refinancing Indebtedness and (y) any financial maintenance covenant to the extent such covenant
is also added for the benefit of the lenders under the Refinanced Debt, to the extent that

 

    - 17 -

     

    

any portion thereof remains outstanding)
at the time of incurrence or issuance of such Credit Agreement Refinancing Indebtedness (provided that a certificate of a Responsible
Officer delivered to the Administrative Agent at least five Business Days prior to the incurrence of such Indebtedness stating
that the Company has determined in good faith that such covenants and events of default satisfy the foregoing requirement shall
be conclusive evidence that such covenants and events of default satisfy the requirement of this clause (iii)), (iv) the Effective
Yield with respect such Credit Agreement Refinancing Indebtedness shall be determined by the Company and the lenders or other investors
providing such Credit Agreement Refinancing Indebtedness, (v) unless such Credit Agreement Refinancing Indebtedness is incurred
solely by means of extending or renewing then existing Indebtedness described in clause (a), (b) or (c) above without resulting
in any Net Cash Proceeds, such Refinanced Debt shall be repaid, repurchased, retired, defeased or satisfied and discharged, and
all accrued interest, fees, premiums (if any) and penalties in connection therewith shall be paid, on the date such Credit Agreement
Refinancing Indebtedness is issued, incurred or obtained, (vi) the direct borrower or issuer with respect to such Credit Agreement
Refinancing Indebtedness shall be the Company or, with respect to any such debt in the form of Refinancing Term Loans incurred
to extend, renew, replace, repurchase, retire or refinance Refinanced Debt of a Designated Borrower, such Designated Borrower,
(vii) such Indebtedness is not at any time guaranteed by any Person other than Guarantors with respect to the applicable Refinanced
Debt (provided that any Credit Agreement Refinancing Indebtedness with respect to the Foreign Obligations (or any portion
thereof) that is directly incurred by the Company shall not be guaranteed by any Person other than the Domestic Guarantors), (viii)
to the extent secured, such Indebtedness is not secured by property other than the property constituting Collateral, with respect
to the applicable Refinanced Debt (provided that any Credit Agreement Refinancing Indebtedness with respect to the Foreign Obligations
(or any portion thereof) that is directly incurred by the Company shall not be secured by property other than property constituting
Collateral solely with respect to the Direct U.S. Loan Party Obligations), (ix) if the Refinanced Debt is subordinated in right
of payment to, or to the Liens securing, the Obligations, then any Credit Agreement Refinancing Indebtedness shall be subordinated
in right of payment to, or to the Liens securing, the Obligations, as applicable, on terms (x) at least as favorable (taken as
a whole) to the Lenders as those contained in the documentation governing or evidencing the Refinanced Debt (provided that
a certificate of a Responsible Officer delivered to the Administrative Agent at least five Business Days prior to the incurrence
of such Indebtedness stating that the Company has determined in good faith that such subordination terms satisfy the foregoing
requirement shall be conclusive evidence that such subordination terms satisfy the requirement of this clause (x)) or (y) otherwise
reasonably acceptable to the Administrative Agent, (x) any Credit Agreement Refinancing Indebtedness shall be pari passu
or (if incurred pursuant to clause (b) or (c) of this definition) junior in right of payment and, if secured, secured on a pari
passu or (if incurred pursuant to clause (b) of this definition) junior basis with respect to security, with respect to (A)
in the case of any Credit Agreement Refinancing Indebtedness incurred by a Designated Borrower under clause (d) of this definition,
the Term A-1 Loans, Term A-2 Loans and Term B-2 Loans (and any Refinancing Term Loans, Extended Term Loans or Replacement Term
Loans incurred by a Designated Borrower with respect thereto) and (B) any other Credit Agreement Refinancing Indebtedness, the
Revolving Facility and each Term Facility (other than the Term A-1 Facility, the Term A-2 Facility or the Term B-2 Facility (or
any Refinancing Term Loans, Extended Term Loans or

 

    - 18 -

     

    

Replacement Term Loans incurred by a Designated
Borrower with respect thereto)), to the extent outstanding, (xi) (A) no Credit Agreement Refinancing Indebtedness incurred by a
Designated Borrower under clause (d) of this definition shall be (except with the proceeds of Credit Agreement Refinancing Indebtedness
in respect thereof) voluntarily or mandatorily prepaid prior to repayment in full of (or, if junior in right of payment or as to
security, on a junior basis with respect to) the Term A-1 Loans, the Term A-2 Loans or the Term B-2 Loans (and any Refinancing
Term Loans, Extended Term Loans or Replacement Term Loans incurred by a Designated Borrower with respect thereto) unless, solely
in the case of such Credit Agreement Refinancing Indebtedness that is pari passu in right of payment and security with the
Term A-1 Loans, the Term A-2 Loans or the Term B-2 Loans (and any Refinancing Term Loans, Extended Term Loans or Replacement Term
Loans incurred by a Designated Borrower with respect thereto), accompanied by at least a ratable payment of the Term A-1 Loans,
the Term A-2 Loans or the Term B-2 Loans (and any such Refinancing Term Loans, Extended Term Loans or Replacement Term Loans incurred
by a Designated Borrower) then outstanding, and any such Credit Agreement Refinancing Indebtedness that is pari passu in
right of payment and security with the Term A-1 Loans, the Term A-2 Loans or the Term B-2 Loans (and any Refinancing Term Loans,
Extended Term Loans or Replacement Term Loans incurred by a Designated Borrower with respect thereto) may participate with the
Term A-1 Loans, the Term A-2 Loans or the Term B-2 Loans (and any such Refinancing Term Loans, Extended Term Loans or Replacement
Term Loans incurred by a Designated Borrower) then outstanding on a pro rata basis or on less than a pro rata basis
(but not greater than pro rata basis) in any voluntary or mandatory prepayments hereunder and (B) no other Credit Agreement
Refinancing Indebtedness shall be (except with the proceeds of Credit Agreement Refinancing Indebtedness in respect thereof) voluntarily
or mandatorily prepaid prior to repayment in full of (or, if junior in right of payment or as to security, on a junior basis with
respect to) the Term B-1 Loans (and any Refinancing Term Loans, Extended Term Loans and Replacement Term Loans incurred by the
Company in respect thereof) unless, solely in the case of such Credit Agreement Refinancing Indebtedness that is incurred under
clause (d) of this definition and is pari passu in right of payment and security with the Term B-1 Loans (and any Refinancing
Term Loans, Extended Term Loans and Replacement Term Loans incurred by the Company in respect thereof), accompanied by at least
a ratable payment of the Term B-1 Loans (and any such Refinancing Term Loans, Extended Term Loans and Replacement Term Loans),
and any such Credit Agreement Refinancing Indebtedness incurred under clause (d) of this definition that is pari passu in
right of payment and security with the Term B-1 Loans (and any Refinancing Term Loans, Extended Term Loans and Replacement Term
Loans incurred by the Company in respect thereof) may participate with the Term B-1 Loans (and any such Refinancing Term Loans,
Extended Term Loans and Replacement Term Loans) on a pro rata basis or on less than a pro rata basis (but not greater
than pro rata basis) in any voluntary or mandatory prepayments hereunder and (xii) with respect to any Credit Agreement
Refinancing Indebtedness incurred pursuant to clause (d) of this definition, the holders of such Indebtedness shall have become
bound by the Re-Allocation Agreement in a manner satisfactory to the Administrative Agent.

 

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

 

    - 19 -

     

    

“Current Assets”
means, with respect to any Person, all assets of such Person that, in accordance with GAAP, would be classified as current assets
on the balance sheet of a company conducting a business the same as or similar to that of such Person, after deducting appropriate
and adequate reserves therefrom in each case in which a reserve is proper in accordance with GAAP, but excluding (i) cash, (ii)
Cash Equivalents, (iii) Swap Contracts to the extent that the mark-to-market Swap Termination Value would be reflected as an asset
on the consolidated balance sheet of such Person, (iv) deferred financing fees and (v) payment for deferred taxes.

 

“DBNY”
means Deutsche Bank AG New York Branch and any successor thereto by merger, consolidation or otherwise.

 

“Debtor Relief
Laws” means the Bankruptcy Code of the United States, and all other liquidation, conservatorship, bankruptcy, assignment
for the benefit of creditors, moratorium, rearrangement, receivership, insolvency, reorganization, or similar debtor relief Laws
of the United States or other applicable jurisdictions from time to time in effect and affecting the rights of creditors generally
and in connection with Luxembourg (i) insolvency proceedings (faillite) within the meaning of Articles 437 ff. of the Luxembourg
Commercial Code or any other insolvency proceedings pursuant to the European Insolvency Regulation, (ii) controlled management
(gestion contrôlée) within the meaning of the grand ducal regulation of 24 May 1935 on controlled management,
(iii) voluntary arrangement with creditors (concordat préventif de faillite) within the meaning of the law of 14
April 1886 on arrangements to prevent insolvency, as amended, (iv) suspension of payments (sursis de paiement) within the
meaning of Articles 593 ff. of the Luxembourg Commercial Code and (v) voluntary or compulsory winding-up pursuant to the law of
10 August 1915 on commercial companies, as amended.

 

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

 

“Default Rate”
means (a) when used with respect to Obligations other than Letter of Credit Fees, an interest rate equal to (i) the Base Rate plus
the Applicable Rate, if any, applicable to Base Rate Loans under the Revolving Facility plus (iii) 2% per annum; provided,
however, that with respect to a Eurocurrency Rate Loan, the Default Rate shall be an interest rate equal to the interest
rate (including any Applicable Rate) otherwise applicable to such Loan plus 2% per annum, in each case to the fullest extent permitted
by applicable Laws and (b) when used with respect to Letter of Credit Fees, a rate equal to the Applicable Rate for Eurocurrency
Rate Loans under the Revolving Facility plus 2% per annum.

 

“Defaulting
Lender” means, subject to Section 2.15(b), any Lender that, as determined by the Administrative Agent, (a) has
failed to perform any of its funding obligations hereunder, including in respect of its Loans or participations in respect of Letters
of Credit, within three Business Days of the date required to be funded by it hereunder, unless such Lender notifies the Administrative
Agent and the Company in writing that such failure is the result of such Lender’s determination that one or more of the conditions
precedent to funding (each of which conditions precedent, together with any applicable Default, shall be specifically identified
in such writing) has not been satisfied, (b) has notified the Company or the Administrative Agent in writing that

 

    - 20 -

     

    

it does not intend to comply with its funding
obligations or has made a public statement to that effect with respect to its funding obligations hereunder or under other agreements
in which it commits to extend credit (unless such writing or public statement relates to such Lender’s obligation to fund
a Loan hereunder and states that such position is based on such Lender’s determination that a condition precedent to funding
(which condition precedent, together with any applicable Default, shall be specifically identified in such writing or public statement)
cannot be satisfied), (c) has failed, within three Business Days after request by the Administrative Agent, to confirm in writing
that it will comply with its funding obligations (provided that such Lender shall cease to be a Defaulting Lender pursuant
to this clause (c) upon receipt of such written confirmation by the Administrative Agent and the Company), or (d) has, or
has a direct or indirect parent company that has, (i) become the subject of a proceeding under any Debtor Relief Law, (ii) had
a receiver, conservator, trustee, administrator, assignee for the benefit of creditors or similar Person charged with reorganization
or liquidation of its business or a custodian appointed for it, or (iii) taken any action in furtherance of, or indicated its consent
to, approval of or acquiescence in any such proceeding or appointment; provided that a Lender shall not be a Defaulting
Lender solely by virtue of the ownership or acquisition of any equity interest in that Lender or any direct or indirect parent
company thereof by a Governmental Authority so long as such ownership interest does not result in or provide such Lender with immunity
from the jurisdiction of courts within the United States or from the enforcement of judgments or writs of attachment on its assets
or permit such Lender (or Governmental Authority) to reject, repudiate, disavow or disaffirm any contracts or agreements made with
such Lender. Any determination by the Administrative Agent that a Lender is a Defaulting Lender under any one or more of clauses
(a) through (d) above shall be conclusive and binding absent manifest error, and such Lender shall be deemed to be a Defaulting
Lender (subject to Section 2.15(b)) upon delivery of written notice of such determination to the Company and each Lender.

 

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

 

“Designated
Borrower 1” has the meaning specified in the introductory paragraph hereto.

 

“Designated
Borrower 2” has the meaning specified in the introductory paragraph hereto.

 

“Direct U.S.
Loan Party Obligations” means all advances to, and debts, liabilities, obligations, covenants and duties of, the Company
and any Domestic Guarantor arising under any Loan Document or otherwise with respect to any Loan or Letter of Credit (other than
any guarantee of, or related obligations, covenants and duties with respect to, the Foreign Obligations), whether direct or indirect
(including those acquired by assumption), absolute or contingent, due or to become due, now existing or hereafter arising and including
interest and fees that accrue after the commencement by or against the Company or any Domestic Guarantor of any proceeding under
any Debtor Relief Laws naming such Person as the debtor in such proceeding, regardless of whether such interest and fees are allowed
claims in such proceeding. The foregoing shall also include (a) all obligations under any Secured Swap Contract between any Domestic
Loan Party and any Lender or Affiliate of a Lender (excluding any Excluded Swap Obligations), (b) all obligations under any Secured
Treasury Management Agreement between any Domestic Loan Party and any Lender or Affiliate of a Lender and (c) all guarantees by
any

 

    - 21 -

     

    

Domestic Loan Party of obligations of any
other Domestic Loan Party described in preceding clause (a) or (b).

 

“Disposition”
or “Dispose” means the sale, transfer, license, lease or other disposition (including any sale and leaseback
transaction) of any property by any Loan Party or any Restricted Subsidiary thereof (including the Equity Interests of any such
Subsidiary), including any sale, assignment, transfer or other disposal, with or without recourse, of any notes or accounts receivable
or any rights and claims associated therewith, but excluding any Involuntary Disposition. The term “Disposition” shall
not include any issuance of Equity Interests by the Parent.

 

“Disqualified
Capital Stock” means Equity Interests that (a) require the payment of any dividends (other than dividends payable solely
in shares of Qualified Capital Stock), (b) mature or are mandatorily redeemable or subject to mandatory repurchase or redemption
or repurchase at the option of the holders thereof, in each case in whole or in part and whether upon the occurrence of any event,
pursuant to a sinking fund obligation on a fixed date or otherwise (including as the result of a failure to maintain or achieve
any financial performance standards), prior to the date that is 91 days after the Latest Maturity Date (other than (i) upon payment
in full of the Obligations and termination of the Commitments or (ii) upon an asset sale or change of control, provided,
that any payment required pursuant to this clause (ii) is contractually subordinated in right of payment to the Obligations on
terms reasonably satisfactory to the Administrative Agent) or (c) are convertible or exchangeable, automatically or at the option
of any holder thereof, into any Indebtedness, Equity Interests or other assets other than Qualified Capital Stock.

 

“Documentation
Agent” means Mizuho Bank Ltd., in its capacity as a documentation agent.

 

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

 

“Dollar Equivalent”
means, at any time, (a) with respect to any amount denominated in Dollars, such amount, and (b) with respect to any amount
denominated in any Alternative Currency, the equivalent amount thereof in Dollars as determined by the Administrative Agent or
the Applicable L/C Issuer, as the case may be, at such time on the basis of the Spot Rate (determined in respect of the most recent
Revaluation Date) for the purchase of Dollars with such Alternative Currency.

 

“Domestic
Guarantors” means (i) with respect to the Obligations of the Company, (a) each Domestic Subsidiary of the Parent identified
as a “Domestic Guarantor” on the signature pages hereto, (b) the Parent, and (c) each other Person that joins as a
Domestic Guarantor pursuant to Section 7.12, (ii) with respect to the Foreign Obligations, the Company and each Person described
in subclauses (a), (b) and (c) of preceding clause (i), and (iii) with respect to obligations under
any Secured Swap Contract between any Domestic Loan Party (other than the Company) and any Lender or Affiliate of a Lender and
obligations under any Secured Treasury Management Agreement between any Domestic Loan Party (other than the Company) and any

 

    - 22 -

     

    

Lender or Affiliate of a Lender, the Company
and each other Domestic Loan Party not party to such Secured Swap Contract or Secured Treasury Management Agreement, as the case
may be.

 

“Domestic
Loan Party” means the Company, the Parent and each of the other Domestic Guarantors.

 

“Domestic
Non-Loan Party” means each Domestic Subsidiary that is not a Domestic Loan Party.

 

“Domestic
Subsidiary” means any Subsidiary that is organized under the laws of any state of the United States or the District of
Columbia and whose Equity Interests are (x) held by a Person that is organized under the laws of any state of the United States
or the District of Columbia and (y) not held, directly or indirectly, by a CFC or Foreign Holdco.

 

“Dutch Auction”
means an auction (an “Auction”) conducted by the Parent or one of its Subsidiaries in order to purchase Term
Loans of any Class in accordance with the following procedures or such other procedures as may be agreed to between the Administrative
Agent and the Company:

 

(a) Notice
Procedures. In connection with an Auction, the Company will provide notification to the Administrative Agent (for distribution
to the applicable Lenders) of the Term Loans that will be the subject of the Auction (an “Auction Notice”).
Each Auction Notice shall be in a form reasonably acceptable to the Administrative Agent and shall contain (i) the total cash value
of the bid, in a minimum amount of $10,000,000 with minimum increments of $1,000,000 (the “Auction Amount”),
and (ii) the discount to par, which shall be a range (the “Discount Range”) of percentages of the par principal
amount of the Term Loans at issue that represents the range of purchase prices that could be paid in the Auction.

 

(b) Reply
Procedures. In connection with any Auction, each applicable Lender may, in its sole discretion, participate in such Auction
and may provide the Administrative Agent with a notice of participation (the “Return Bid”) which shall be in
a form reasonably acceptable to the Administrative Agent and shall specify (i) a discount to par that must be expressed as a price
(the “Reply Discount”), which must be within the Discount Range, and (ii) a principal amount of the applicable
Loans which must be in increments of $5,000,000 (the “Reply Amount”). A Lender may avoid the minimum increment
amount condition solely when submitting a Reply Amount equal to the Lender’s entire remaining amount of the applicable Loans.
Lenders may only submit one Return Bid per Auction. In addition to the Return Bid, the participating Lender must execute and deliver,
to be held in escrow by the Administrative Agent, a form of assignment and acceptance in a form reasonably acceptable to the Administrative
Agent.

 

(c) Acceptance
Procedures. Based on the Reply Discounts and Reply Amounts received by the Administrative Agent, the Administrative Agent,
in consultation with the Company, will determine the applicable discount (the “Applicable Discount”) for the
Auction, which will be the lowest Reply Discount for which the Parent or its Subsidiary, as applicable, can complete the Auction
at the Auction Amount; provided that, in the event that the Reply Amounts are insufficient to allow the Parent or its Subsidiary,

 

    - 23 -

     

    

as applicable, to complete a
purchase of the entire Auction Amount (any such Auction, a “Failed Auction”), the Parent or its Subsidiary shall
either, at its election, (i) withdraw the Auction or (ii) complete the Auction at an Applicable Discount equal to the highest Reply
Discount. The Parent or its Subsidiary, as applicable, shall purchase the applicable Loans (or the respective portions thereof)
from each applicable Lender with a Reply Discount that is equal to or greater than the Applicable Discount (“Qualifying
Bids”) at the Applicable Discount; provided that if the aggregate proceeds required to purchase all applicable
Loans subject to Qualifying Bids would exceed the Auction Amount for such Auction, the Parent or its Subsidiary, as applicable,
shall purchase such Loans at the Applicable Discount ratably based on the principal amounts of such Qualifying Bids (subject to
rounding requirements specified by the Administrative Agent). Each participating Lender will receive notice of a Qualifying Bid
as soon as reasonably practicable but in no case later than five Business Days from the date the Return Bid was due.

 

(d) Additional
Procedures. Once initiated by an Auction Notice, the Parent or its Subsidiary, as applicable, may not withdraw an Auction other
than a Failed Auction. Furthermore, in connection with any Auction, upon submission by a Lender of a Qualifying Bid, such Lender
will be obligated to sell the entirety or its allocable portion of the Reply Amount, as the case may be, at the Applicable Discount.

 

“Effective
Yield” means, as to any Loans of any Facility, the effective yield on such Loans as reasonably determined by the Administrative
Agent in consultation with the Parent, taking into account the applicable interest rate margins, any interest rate floors or similar
devices and all fees, including upfront or similar fees or original issue discount (amortized over the shorter of (x) the life
of such Loans and (y) the four years following the date of incurrence thereof) payable generally to Lenders making such Loans,
but excluding any arrangement, structuring or other fees payable in connection therewith that are not generally shared with the
relevant Lenders and customary consent fees paid generally to consenting Lenders. The Administrative Agent shall have no liability
to any Person with respect to such determination absent gross negligence or willful misconduct, as determined by a court of competent
jurisdiction in a final non-appealable judgment.

 

“Eligible
Assignee” means any Person that meets the requirements to be an assignee under Sections 11.06(b)(iii), (v)
and (vi) (subject to such consents, if any, as may be required under Section 11.06(b)(iii)).

 

“EMU Legislation”
means the legislative measures of the European Council for the introduction of, changeover to or operation of a single or unified
European currency.

 

“English Security
Documents” means (a) the English law governed share pledge in relation to the shares in Financial Models Corporation
Limited entered into or to be entered into between the Designated Borrower 2, as company, and the Administrative Agent; (b) the
English

 

    - 24 -

     

    

law governed debenture entered into or
to be entered into among Financial Models Corporation Limited, SS&C Solutions Limited and GlobeOp Financial Services Limited,
as chargors, and the Administrative Agent, and (c) each other English law governed document or instrument which creates or evidences
or which is expressed to create or evidence any Lien granted or required to be granted pursuant to Section 7.14.

 

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

 

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

 

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

 

“ERISA”
means the Employee Retirement Income Security Act of 1974, as amended from time to time, and the regulations promulgated and rulings
issued thereunder.

 

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

 

“ERISA Event”
means (a) a Reportable Event with respect to a Pension Plan (other than an event for which the 30-day notice period is waived);
(b) the withdrawal of the Company or any ERISA Affiliate from a Pension Plan subject to Section 4063 of ERISA during a plan
year in which such entity was a substantial employer (as defined in Section 4001(a)(2) of ERISA) or a cessation of operations
that is treated as such a withdrawal under Section 4062(e) of ERISA; (c)

 

    - 25 -

     

    

a complete or partial withdrawal by a Loan
Party or any ERISA Affiliate from a Multiemployer Plan or notification that a Multiemployer Plan is in reorganization; (d) the
filing of a notice of intent to terminate or the treatment of a Pension Plan amendment as a termination under Section 4041(c) or
4041A of ERISA; (e) the institution by the PBGC of proceedings to terminate a Pension Plan; or (f) any event or condition which
constitutes grounds under Section 4042 of ERISA for the termination of, or the appointment of a trustee to administer, any
Pension Plan.

 

“EU Treaty”
means the Treaty on European Union.

 

“Euro”
and “EUR” means the single currency of the Participating Member States introduced in accordance with the provisions
of Article 109(i)4 of the EU Treaty. 

 

“Eurocurrency
Rate” means, with respect to an Interest Period for a Eurocurrency Rate Loan, the rate per annum equal to (a) the London
interbank offered rate as administered by ICE Benchmark Administration (or any Person who takes over the administration of such
rate) for deposits in Dollars (or, in respect of Revolving Loans or Letters of Credit denominated in an Alternative Currency, such
Alternative Currency) (as set forth on the Reuters LIBOR01 page or any successor thereto or any other service selected by the Administrative
Agent which has been nominated by the ICE Benchmark Administration (or any successor) as an authorized information vendor for the
purpose of displaying such rates), determined as of approximately 11:00 a.m. (London, England time) two Business Days prior to
the commencement of (or in the case of a Eurocurrency Rate Loan denominated in Sterling, the first day of) such Interest Period
for deposits in Dollars (or, in respect of Revolving Loans or Letters of Credit denominated in an Alternative Currency, such Alternative
Currency) for delivery on the first day of such Interest Period with a term equivalent to such Interest Period, or (b) in the event
the rate referenced in the preceding clause (a) does not appear on such page or services or if such page or services shall cease
to be available, the rate per annum determined by the Administrative Agent to be the rate at which it could borrow funds in Dollars
(or, in respect of Revolving Loans or Letters of Credit denominated in an Alternative Currency, such Alternative Currency) for
delivery on the first day of such Interest Period in same day funds in the approximate amount of the Eurocurrency Rate Loan being
made, continued or converted and with a term equivalent to such Interest Period would be offered by Deutsche Bank AG London Branch
in the London interbank Eurocurrency market; provided that (i) solely in the case of Term B-1 Loans and Term B-2 Loans,
the Eurocurrency Rate shall be no less than 0.75% per annum at any time and (ii) in no event shall the Eurocurrency Rate be less
than zero.

 

“Eurocurrency
Rate Loan” means a Loan that bears interest at a rate based on the definition of “Eurocurrency Rate”. Eurocurrency
Rate Loans may be denominated in Dollars or, in the case of Revolving Loans, in an Alternative Currency. All Loans denominated
in an Alternative Currency must be Eurocurrency Rate Loans.

 

“European
Insolvency Regulation” means Council Regulation (EC) No. 1346/2000 on Insolvency Proceedings, as amended from time to
time.

 

“Event of
Default” has the meaning specified in Section 9.01.

 

    - 26 -

     

    

“Excess Cash
Flow” means, with respect to any Excess Cash Flow Period, an amount, not less than zero, equal to (a) the sum, without
duplication, of (i) Consolidated Net Income of the Parent and its Restricted Subsidiaries for such fiscal year plus (ii)
the amount of all non-cash charges (including depreciation, amortization and deferred tax expense) deducted in arriving at such
Consolidated Net Income plus (iii) the aggregate net amount of non-cash loss on Dispositions by the Parent and its Restricted
Subsidiaries during such fiscal year (other than sales of inventory in the ordinary course of business), to the extent deducted
in arriving at such Consolidated Net Income, minus (b) without duplication (in each case, for the Parent and its Restricted
Subsidiaries on a consolidated basis):

 

(i)Capital
Expenditures that are (A) actually made during such Excess Cash Flow Period or (B) committed although not actually made during
such Excess Cash Flow Period, so long as such Capital Expenditures are actually made within six (6) months after the end of such
Excess Cash Flow Period, provided that (x) if any Capital Expenditures are deducted from Excess Cash Flow pursuant to (B)
above, such amount shall be added to the Excess Cash Flow for the immediately succeeding Excess Cash Flow Period if the expenditure
is not actually made within such six (6) month period and (y) no deduction shall be taken in the immediately succeeding Excess
Cash Flow Period when such amounts deducted pursuant to clause (B) are spent;

 

(ii)Consolidated
Scheduled Funded Debt Payments and, to the extent not otherwise deducted from Consolidated Net Income, Consolidated Cash Taxes;

 

(iii)the
aggregate amount of voluntary or mandatory permanent principal payments or mandatory repurchases of Indebtedness for borrowed money
of the Parent and its Restricted Subsidiaries (excluding the Obligations and the Revolving Commitments); provided, that
(A) such prepayments or repurchases are otherwise permitted hereunder, (B) if such Indebtedness consists of a revolving line of
credit, the commitments under such line of credit are permanently reduced by the amount of such prepayment or repurchase, and (C)
such prepayments or repurchases are not made, directly or indirectly, using proceeds, payments or any other amounts available from
events or circumstances that were not included in determining Consolidated Net Income during such period (including any proceeds
from Indebtedness);

 

(iv)the
aggregate amount of any premium, make-whole or penalty payments actually paid in cash during such period that are required to be
made in connection with any prepayment or satisfaction and discharge of Indebtedness to the extent that the amount so prepaid,
satisfied or discharged is not deducted from Consolidated Net Income for purposes of calculating Excess Cash Flow;

 

(v)cash
payments made in satisfaction of non-current liabilities (excluding payments of Indebtedness for borrowed money) not made, directly
or indirectly, using proceeds, payments or any other amounts available from events or circumstances that were not included in determining
Consolidated Net Income during such period;

 

    - 27 -

     

    

(vi)to
the extent not deducted in arriving at Consolidated Net Income, cash fees and expenses incurred in connection with the Transaction
(including, for the avoidance of doubt, cash fees and expenses incurred under this Agreement and debt issuances in connection with
the Target Acquisition) or, to the extent permitted hereunder, any Investment permitted under Section 8.02, an issuance
of Equity Interests or issuance of Indebtedness (whether or not consummated);

 

(vii)the
aggregate amount of expenditures actually made in cash during such period (including expenditures for payment of financing fees)
to the extent such expenditures are not expensed during such period (provided that any expensing of such expenditures in
a future Excess Cash Flow Period shall be added back to the Excess Cash Flow for such period);

 

(viii)cash
from operations used or to be used to consummate a Permitted Acquisition or Investments permitted under Section 8.02 (if
such Permitted Acquisition or Investments have been consummated prior to the date on which a prepayment of Loans would be required
pursuant to Section 2.05(b)(iii) with respect to such fiscal year period); provided, however, that if any
amount is deducted from Excess Cash Flow pursuant to this clause (viii) with respect to a fiscal year as a result of a Permitted
Acquisition or Investment that has been committed to be consummated but not yet actually consummated at the time of such deduction
(the amount of such cash being the “Relevant Deduction Amount”) then for the avoidance of doubt, such amount
shall not be deducted from Excess Cash Flow pursuant to this clause (viii) as a result of such Permitted Acquisition or
Investment, as the case may be, being actually consummated for the Relevant Deduction Amount;

 

(ix)the
amount of cash payments made in respect of pensions and other post-employment benefits in such period to the extent not deducted
in arriving at such Consolidated Net Income;

 

(x)cash
expenditures in respect of Swap Contracts during such fiscal year to the extent they exceed the amount of expenditures expensed
in determining Consolidated Net Income for such period;

 

(xi)the
aggregate principal amount of all mandatory prepayments of the Term Facilities made during such Excess Cash Flow Period pursuant
to Section 2.05(b)(iv) or (vi), or reinvestments of Net Cash Proceeds in lieu thereof, to the extent that the applicable
Net Cash Proceeds were taken into account in calculating Consolidated Net Income for such Excess Cash Flow Period;

 

(xii)the
amount representing accrued expenses for cash payment (including with respect to retirement plan obligations) that are not paid
in cash in such Excess Cash Flow Period, provided that such amounts will be added to Excess Cash Flow for the following
fiscal year to the extent not paid in cash within six (6) months after the end of such Excess Cash Flow Period (and no future deduction
shall be made for purposes of this definition when such amounts are paid in cash in any future period);

 

    - 28 -

     

    

(xiii)net
non-cash gains and credits to the extent included in arriving at Consolidated Net Income;

 

(xiv)the
amount of Restricted Payments made in cash during such period pursuant to Section 8.06(c); plus/minus

 

(c)decreases/increases,
as applicable, in Net Working Capital.

 

“Excess Cash
Flow Period” means any fiscal year of the Company, commencing with the fiscal year ending on or about December 31, 2015.

 

“Excess Foreign
Entity Stock” has the meaning set forth in the definition of “Excluded Property”.

 

“Excluded
Property” means, (a) with respect to any Loan Party, any owned or leased real property, (b) with respect to any Domestic
Loan Party, any personal property that either (i) the attachment or perfection of a Lien thereon is not governed by the UCC or
(ii) a Lien thereon is not effected by appropriate evidence of such Lien being filed in either the United States Copyright Office
or the United States Patent and Trademark Office, (c) with respect to any Collateral securing the Direct U.S. Loan Party Obligations,
all Equity Interests and CPECs in excess of 65% of any First Tier Foreign Subsidiary or Foreign Holdco (and any Equity Interests
or CPECs in any such First Tier Foreign Subsidiary or Foreign Holdco shall be referred to herein as “Excess Foreign Entity
Stock”), (d) with respect to any Loan Party, any property which is subject to a Lien of the type described in Section 8.01(i)
pursuant to documents which prohibit such Loan Party from granting any other Liens in such property to secure the Obligations (or
the relevant portion thereof, as applicable), (e) with respect to any Loan Party, any General Intangible (as defined in the UCC),
permit, lease, license, contract or other Instrument (as defined in the UCC) of such Loan Party to the extent that the grant of
a security interest in such General Intangible, permit, lease, license, contract or other Instrument in the manner contemplated
by the Collateral Documents, under the terms thereof or under applicable Law, is prohibited and would result in the termination
thereof or give the other parties thereto the right to terminate, accelerate or otherwise alter such Loan Party’s rights,
titles and interests thereunder (including upon the giving of notice or the lapse of time or both); provided that (i) any
such limitation described in this clause (e) on the security interests granted hereunder shall only apply to the extent
that any such prohibition could not be rendered ineffective pursuant to the UCC or any other applicable Law or principles of equity
and (ii) in the event of the termination or elimination of any such prohibition or the requirement for any consent contained in
any applicable Law, General Intangible, permit, lease, license, contract or other Instrument, to the extent sufficient to permit
any such item to become Collateral, or upon the granting of any such consent, or waiving or terminating any requirement for such
consent, a security interest in such General Intangible, permit, lease, license, contract or other Instrument shall be automatically
and simultaneously granted hereunder and shall be included as Collateral, (f) with respect to any Loan Party, any motor vehicles,
(g) with respect to any Loan Party, any assets of any Subsidiary of the Parent that is subject to regulatory capital or similar
requirements to the extent that the provision of such security or similar interest would result in an increase to such regulatory
capital or similar requirement or other administrative burden, in each case which is disproportionate

 

    - 29 -

     

    

to the benefit obtained by the Lenders
and the other holders of the applicable Obligations (it being acknowledged and agreed that, as of the Closing Date, (x) the burden
of obtaining guarantees and security for the Foreign Obligations from the Parent’s existing Subsidiaries organized in the
Republic of Ireland and from GlobeOp Markets Limited, Prime Management Limited, GlobeOp Financial Services (Cayman) Limited and
SS&C GlobeOp (Luxembourg) S.à r.l., in each case, disproportionately exceeds the benefit obtained by the holders of
the Foreign Obligations and (y) the burden of obtaining guarantees and security for the Direct U.S. Loan Party Obligations and
the Foreign Obligations from Second Street Securities, Inc. disproportionately exceeds the benefit obtained by the holders of the
Direct U.S. Loan Party Obligations and the Foreign Obligations), (h) any assets of any Unrestricted Subsidiary and (i) with
respect to any Loan Party, Margin Stock. Other assets shall be deemed to be “Excluded Property” if the Administrative
Agent and the Company agree in writing that the cost, burden or consequences (including adverse tax consequences) of obtaining
or perfecting a security interest in such assets is excessive in relation to the value of such assets as Collateral.

 

“Excluded
Swap Obligation” means, with respect to any Guarantor, any Swap Obligation if, and to the extent that, all or a portion
of the Guaranty of such Guarantor of, or the grant by such Guarantor of a security interest to secure, such Swap Obligation (or
any Guaranty thereof) is or becomes illegal under the Commodity Exchange Act or any rule, regulation or order of the Commodity
Futures Trading Commission (or the application or official interpretation of any thereof) by virtue of such Guarantor’s failure
for any reason to constitute an “eligible contract participant” as defined in the Commodity Exchange Act at the time
the Guaranty of such Guarantor becomes effective with respect to such related Swap Obligation.

 

“Excluded
Taxes” means, with respect to the Administrative Agent, any Lender, any L/C Issuer or any other recipient of any payment
to be made by or on account of any obligation of a Borrower hereunder, (a) Taxes imposed on or measured by its overall net income
(however denominated), and franchise Taxes imposed on it (in lieu of net income Taxes), (i) by the jurisdiction (or any political
subdivision thereof) 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 or (ii) by any jurisdiction as a result of a present or former
connection between such recipient and the jurisdiction imposing such Tax (or any political subdivision thereof), other than any
such connection arising solely from such recipient having executed, delivered or performed its obligations, received a payment
under, received a perfected security interest under, engaged in any other transaction contemplated by, or enforced, this Agreement
or any other Loan Document, (b) any branch profits Taxes imposed by the United States or any similar Tax imposed by any other jurisdiction
in which such Borrower is located, (c) in the case of a Foreign Lender (other than an assignee pursuant to a request by the Company
under Section 11.13), any withholding Tax that is imposed on amounts payable to such Foreign Lender at the time such
Foreign Lender becomes a party hereto (or designates a new Lending Office) or is attributable to such Foreign Lender’s failure
or inability (other than as a result of a Change of Law) to comply with Section 3.01(e), except to the extent that
such Foreign Lender (or its assignor, if any) was entitled, at the time of designation of a new Lending Office (or assignment),
to receive additional amounts from such Borrower with respect to such withholding Tax pursuant to Section 3.01(a),
and (d) any withholding Taxes imposed under FATCA.

 

    - 30 -

     

    

“Existing
Company Credit Agreement” means that certain Credit Agreement, dated as of December 14, 2012, among the Company and the
Designated Borrower 2, as the Borrowers, the Parent, as the Parent, certain Subsidiaries of the Parent identified therein, as Guarantors,
Deutsche Bank AG New York Branch, as Administrative Agent, Swing Line Lender and L/C Issuer, and the other Lenders party thereto
from time to time, as such agreement has been amended, modified and supplemented from time to time prior to the date hereof.

 

“Existing
Target Credit Agreement” means that certain Amended and Restated Credit Agreement, dated as of June 12, 2013, among the
Target, J.P. Morgan Chase Bank, N.A., as Administrative Agent, and the Lenders party thereto from time to time, as such agreement
has been amended, modified and supplemented from time to time prior to the date hereof.

 

“Existing
Term Loan Tranche” has the meaning set forth in Section 2.18(a).

 

“Existing
Revolver Tranche” has the meaning set forth in Section 2.18(b).

 

“Extended
Revolving Commitments” has the meaning set forth in Section 2.18(b).

 

“Extended
Revolving Loans” means one or more Classes of revolving credit loans that result from an Extension Amendment.

 

“Extended
Term Loans” has the meaning set forth in Section 2.18(a).

 

“Extending
Revolving Lender” has the meaning set forth in Section 2.18(c).

 

“Extending
Term Lender” has the meaning set forth in Section 2.18(c).

 

“Extension”
means the establishment of an Extension Series by amending a Loan or Commitment pursuant to the terms of Section 2.18 and
the applicable Extension Amendment.

 

“Extension
Amendment” has the meaning set forth in Section 2.18(d).

 

“Extension
Election” has the meaning set forth in Section 2.18(c).

 

“Extension
Request” means any Term Loan Extension Request or a Revolver Extension Request, as the case may be.

 

“Extension
Series” means any Term Loan Extension Series or a Revolver Extension Series, as the case may be.

 

“Extraordinary
Receipt” means the receipt by the Parent or its Restricted Subsidiaries of any casualty insurance proceeds or condemnation
awards in respect of any equipment, fixed assets or real property (including any improvements thereon) to replace, restore or repair,
or compensate for the loss of, such equipment, fixed assets or real property; provided, however, that an Extraordinary
Receipt shall not include cash receipts from proceeds of insurance, condemnation awards (or payments in lieu thereof) or indemnity
payments to the extent that such proceeds, awards or payments (a) in respect of loss or damage to equipment, fixed assets or real
property are applied (or in respect of which expenditures were previously incurred) to replace or repair the equipment, fixed assets
or real property in respect of which such proceeds were

 

    - 31 -

     

    

received or reinvested in operating assets
in accordance with the terms of Section 2.05(b)(vi) or (b) are received by any Person in respect of any third party claim
against such Person and applied to pay (or to reimburse such Person for its prior payment of) such claim and the costs and expenses
of such Person with respect thereto.

 

“Facility”
means any Term Facility, the Revolving Facility, any Class of Extended Revolving Commitments and/or any Class of Refinancing Revolving
Commitments, as the context may require.

 

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

 

“FATCA”
means Sections 1471 through 1474 of the Internal Revenue Code, as of the date of this Agreement (or any amended or successor
version that is substantively comparable and not materially more onerous to comply with), any current or future regulations or
official interpretations thereof, any agreements entered into pursuant to Section 14714(b)(1) of the Internal Revenue Code and
any intergovernmental agreements (and related legislation or official administrative guidance) implementing the foregoing.

 

“FCPA”
has the meaning set forth in Section 6.22(a).

 

“Federal Funds
Rate” means, for any day, the rate per annum equal to the weighted average of the rates on overnight federal funds transactions
with members of the Federal Reserve System arranged by federal funds brokers on such day, as published by the Federal Reserve Bank
of New York on the Business Day next succeeding such day; provided that (a) if such day is not a Business Day, the Federal
Funds Rate for such day shall be such rate on such transactions on the next preceding Business Day as so published on the next
succeeding Business Day, and (b) if no such rate is so published on such next succeeding Business Day, the Federal Funds Rate for
such day shall be the average rate (rounded upward, if necessary, to a whole multiple of 1/100 of 1%) of the quotations for such
day on such transactions received by the Administrative Agent from three federal funds brokers of recognized standing selected
by the Administrative Agent, as determined by the Administrative Agent; provided, further, that if the Federal Funds
Rate shall be less than zero, such rate shall be deemed to be zero for purposes of this Agreement.

 

“Fee Letter”
means that certain fee letter dated as of February 2, 2015, originally by and among Deutsche Bank AG New York Branch, Deutsche
Bank AG Cayman Islands Branch, Deutsche Bank Securities Inc., Morgan Stanley Senior Funding, Inc. and the Company, as amended,
restated, supplemented and otherwise modified from time to time.

 

“First Tier
Foreign Subsidiary” means each Foreign Subsidiary that is owned, in whole or in part, directly by one or more Domestic
Loan Parties.

 

“Foreign Collateral
Documents” means any Collateral Document that secures only the Foreign Obligations.

 

    - 32 -

     

    

“Foreign Guarantors”
means (i) with respect to the Foreign Obligations of the Designated Borrowers, (A) each Foreign Subsidiary and each Foreign Holdco
of the Parent identified as a “Foreign Guarantor” on the signature pages hereto and (B) each Person that joins as a
Foreign Guarantor pursuant to Section 7.12, and (ii) with respect to obligations under any Secured Swap Contract between
any Foreign Loan Party (other than the Designated Borrowers) and any Lender or Affiliate of a Lender and obligations under any
Secured Treasury Management Agreement between any Foreign Loan Party (other than the Designated Borrowers) and any Lender or Affiliate
of a Lender, the Designated Borrowers and each other Foreign Loan Party not party to such Secured Swap Contract or Secured Treasury
Management Agreement, as the case may be. For the avoidance of doubt, each Designated Borrower shall be a Foreign Guarantor of
the Foreign Obligations of the other Designated Borrower.

 

“Foreign Holdco”
means a Domestic Subsidiary substantially all of the assets of which are Equity Interests in or Indebtedness of one or more CFCs
or Foreign Holdcos.

 

“Foreign Lender”
means, for any Borrower, any Lender that is organized under the Laws of a jurisdiction other than that in which such Borrower is
resident for tax purposes (including such a Lender when acting in the capacity of L/C Issuer). For purposes of this definition,
the United States, each State thereof and the District of Columbia shall be deemed to constitute a single jurisdiction.

 

“Foreign Loan
Party” means each of the Designated Borrowers and each of the Foreign Guarantors.

 

“Foreign Non-Loan
Party” means each Foreign Subsidiary that is not a Foreign Loan Party.

 

“Foreign Obligations”
means all advances to, and debts, liabilities, obligations, covenants and duties of, the Designated Borrowers and any Foreign Guarantor
arising under any Loan Document or otherwise with respect to the Term A-1 Loans, the Term A-2 Loans and the Term B-2 Loans, whether
direct or indirect (including those acquired by assumption), absolute or contingent, due or to become due, now existing or hereafter
arising and including interest and fees that accrue after the commencement by or against the Designated Borrowers or any Foreign
Guarantor of any proceeding under any Debtor Relief Laws naming such Person as the debtor in such proceeding, regardless of whether
such interest and fees are allowed claims in such proceeding. The foregoing shall also include (a) all obligations under any Secured
Swap Contract between any Foreign Loan Party and any Lender or Affiliate of a Lender (excluding any Excluded Swap Obligations),
(b) all obligations under any Secured Treasury Management Agreement between any Foreign Loan Party and any Lender or Affiliate
of a Lender and (c) all guarantees by any Foreign Loan Party of obligations of any other Foreign Loan Party described in preceding
clause (a) or (b).

 

“Foreign Subsidiary”
means any Subsidiary that is not a Domestic Subsidiary.

 

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

 

    - 33 -

     

    

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

 

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

 

“Funded Debt”
of any Person means Indebtedness for borrowed money of such Person that by its terms matures more than one (1) year after the date
of its creation or matures within one (1) year from any date of determination but is renewable or extendible, at the option of
such Person, to a date more than one (1) year after such date or arises under a revolving credit or similar agreement that obligates
the lender or lenders to extend credit during a period of more than one (1) year after such date.

 

“GAAP”
means generally accepted accounting principles in the United States set forth in the opinions and pronouncements of the Accounting
Principles Board and the American Institute of Certified Public Accountants and statements and pronouncements of the Financial
Accounting Standards Board, consistently applied and as in effect from time to time.

 

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

 

“Guarantee”
means, as to any Person, (a) any obligation, contingent or otherwise, of such Person guaranteeing or having the economic effect
of guaranteeing any Indebtedness or other obligation payable or performable by another Person (the “primary obligor”)
in any manner, whether directly or indirectly, and including any obligation of such Person, direct or indirect, (i) to purchase
or pay (or advance or supply funds for the purchase or payment of) such Indebtedness or other obligation, (ii) to purchase or lease
property, securities or services for the purpose of assuring the obligee in respect of such Indebtedness or other obligation of
the payment or performance of such Indebtedness or other obligation, (iii) to maintain working capital, equity capital or any other
financial statement condition or liquidity or level of income or cash flow of the primary obligor so as to enable the primary obligor
to pay such Indebtedness or other obligation, or (iv) entered into for the purpose of assuring in any other manner the obligee
in respect of such Indebtedness or other obligation of the payment or performance thereof or to protect such obligee against loss
in respect thereof (in whole or in part), or (b) any Lien on any assets of such Person securing any Indebtedness or other obligation
of any other Person, whether or not such Indebtedness or other obligation is assumed by such Person. The amount of any Guarantee
shall be deemed to be an amount equal to the stated or determinable amount of the related primary obligation, or portion thereof,
in respect of which such Guarantee is made or, if

 

    - 34 -

     

    

not stated or determinable, the maximum
reasonably anticipated liability in respect thereof as determined by the guaranteeing Person in good faith. The term “Guarantee”
as a verb has a corresponding meaning.

 

“Guarantor”
means each Domestic Guarantor and each Foreign Guarantor; provided, that in no event shall a CFC or Foreign Holdco ever
be, or be required to be, a Guarantor of any Direct U.S. Loan Party Obligations.

 

“Guaranty”
means the Guaranty made by the Guarantors in favor of the Administrative Agent and the Lenders pursuant to Article IV.

 

“Guaranty
and Security Principles” means the Guaranty and Security Principles set forth on Exhibit 1.10.

 

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

 

“Honor Date”
has the meaning set forth in Section 2.03(c).

 

“Immaterial
Subsidiary” means, on any date, any Restricted Subsidiary of the Parent (other than the Borrowers) that (i) does not
have assets (together with the assets of all other Immaterial Subsidiaries) in excess of 3.0% of Consolidated Total Assets as of
the date of the most recent audited financial statements delivered pursuant to Section 7.01 prior to such date, (ii) does
not contribute (together with the assets of all other Immaterial Subsidiaries) in excess of 3.0% of Consolidated EBITDA as of the
date of the most recent financial statements delivered pursuant to Section 7.01 prior to such date and (iii) has been designated
as such by the Company in a written notice delivered to the Administrative Agent (other than any such Subsidiary as to which the
Company has revoked such designation by written notice to the Administrative Agent); provided, that if (x) the aggregate
assets of Immaterial Subsidiaries at any time exceeds 8.0% of Consolidated Total Assets or (y) the Immaterial Subsidiaries, in
the aggregate, contribute in excess of 8.0% of Consolidated EBITDA, in each case, as of the date of the most recent financial statements
delivered pursuant to Section 7.01 prior to such date, the Company shall revoke the designation of one or more Subsidiaries
as “Immaterial Subsidiaries” such that, after giving effect to such revocation, (A) the aggregate assets of Immaterial
Subsidiaries shall be less than 8.0% of Consolidated Total Assets and (B) the contribution of Immaterial Subsidiaries shall be
less than 8.0% of Consolidated EBITDA, in each case, as of the date of the most recent financial statements delivered pursuant
to Section 7.01 prior to such date.

 

“Incremental
Series” means all Incremental Term Loans and Incremental Term Loan Commitments that are established as a separate Class
of Term Loans or Term Commitments (as applicable) pursuant to the same Commitment Increase Amendment (or any subsequent Commitment
Increase Amendment to the extent such Commitment Increase Amendment expressly provides that the Incremental Term Loans or Incremental
Term Loan Commitments as

 

    - 35 -

     

    

provided for therein are intended to be
part of any previously established Incremental Series) and that provide for the same maturity, Effective Yield (other than, for
this purpose, any original issue discount or upfront fees), if applicable, and amortization schedule.

 

“Incremental
Term Loan” has the meaning provided in Section 2.01(c).

 

“Incremental
Term Loan Agreement” means, with respect to an Incremental Term Loan, a joinder agreement in substantially the form of
Exhibit 1.01(a) or such other form as is satisfactory to the Administrative Agent and the Company, in each case as executed
by the Loan Parties, one or more Lender(s) providing an Incremental Term Loan Commitment and the Administrative Agent.

 

“Incremental
Term Loan Commitment” means, as to any Lender, its obligation to make its portion of an Incremental Term Loan to the
Company pursuant to Section 2.01(c) in the principal amount set forth in the applicable Incremental Term Loan Agreement.

 

“Incremental
Term Loan Facility” means, at any time, (a) on or prior to the closing date under an Incremental Term Loan Agreement,
the aggregate amount of the Incremental Term Loan Commitments set forth in such Incremental Term Loan Agreement at such time and
(b) thereafter, the aggregate principal amount of the Incremental Term Loans of all Lenders made pursuant to such Incremental Term
Loan Commitments at such time.

 

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

 

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

 

(b)the maximum
amount available to be drawn under letters of credit (including standby and commercial letters of credit), bankers’ acceptances,
bank guaranties and similar instruments and unreimbursed obligations under surety bonds;

 

(c)the Swap Termination
Value of any Swap Contract;

 

(d)all obligations
of such Person to pay the deferred purchase price of property or services (including non-contingent earn-out payments and other
non-contingent deferred payments but excluding contingent earn-out payments, other contingent deferred payments and trade accounts
payable in the ordinary course of business);

 

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

 

(f)all Attributable
Indebtedness of such Person;

 

    - 36 -

     

    

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

 

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

 

For all purposes hereof,
the Indebtedness of any Person shall include the Indebtedness of any partnership or joint venture (other than (i) a joint venture
that is itself a corporation or limited liability company or (ii) a similar limited liability entity organized under the laws of
a jurisdiction other than the United States or a state thereof) in which such Person is a general partner or a joint venturer,
unless such Indebtedness is expressly made non-recourse to such Person by contract or operation of law. The amount of any net obligation
under any Swap Contract on any date shall be deemed to be the Swap Termination Value thereof as of such date.

 

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

 

“Indemnitees”
has the meaning specified in Section 11.04(b).

 

“Information”
has the meaning specified in Section 11.07.

 

“Intercreditor
Agreement” means, with respect to any Permitted First Priority Refinancing Debt, Permitted Junior Priority Refinancing
Debt, an intercreditor agreement between the Administrative Agent and the agent, trustee or other representative on behalf of the
holders of such Indebtedness, in each case in form and substance satisfactory to the Administrative Agent.

 

“Interest
Payment Date” means (a) as to any Eurocurrency Rate Loan, the last day of each Interest Period applicable to such Loan
and the Maturity Date of the Facility under which such Loan was made; provided, however, that if any Interest Period
for a Eurocurrency Rate Loan exceeds three months, the respective dates that fall every three months after the beginning of such
Interest Period shall also be Interest Payment Dates; and (b) as to any Base Rate Loan, the last Business Day of each March, June,
September and December and the Maturity Date of the Facility under which such Loan was made.

 

“Interest
Period” means, as to each Eurocurrency Rate Loan, the period commencing on the date such Eurocurrency Rate Loan is disbursed
or converted to or continued as a Eurocurrency Rate Loan and ending on the date one, two, three or six months thereafter (or a
period of less than one month thereafter, if acceptable to the Administrative Agent in its sole discretion), as selected by the
Company in its Loan Notice consistent with the requirements of Section 2.02(a) or otherwise acceptable to the Administrative
Agent); provided that:

 

    - 37 -

     

    

(i)any Interest
Period that would otherwise end on a day that is not a Business Day shall be extended to the next succeeding Business Day unless
such Business Day falls in another calendar month, in which case such Interest Period shall end on the next preceding Business
Day;

 

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

 

(iii)no Interest
Period shall extend beyond the Maturity Date of the Facility under which such Loan was made; and

 

(iv)the initial
Interest Period with respect to the Term A-1 Loans, Term A-2 Loans, Term B-1 Loans and Term B-2 Loans shall commence on the Closing
Date and end on the last Business Day of the calendar month in which the Closing Date occurs.

 

“Internal
Revenue Code” means the Internal Revenue Code of 1986, as amended from time to time, and the regulations promulgated
and rulings issued thereunder.

 

“Investment”
means, as to any Person, any direct or indirect acquisition or investment by such Person, whether by means of (a) the purchase
or other acquisition of Equity Interests of another Person, (b) a loan, advance or capital contribution to, Guarantee or assumption
of debt of, or purchase or other acquisition of any other debt or equity participation or interest in, another Person, or (c) an
Acquisition. For purposes of covenant compliance, the amount of any Investment shall be the amount actually invested, without adjustment
for subsequent increases or decreases in the value of such Investment, less (except in the case of (x) Investments made using the
Available Amount pursuant to Section 8.02(s) and (y) any amounts that increase the Available Amount pursuant to clause (e)
of the definition thereof) any amount repaid, returned, distributed or otherwise received in respect of any Investment, in each
case, in cash.

 

“Involuntary
Disposition” means any loss of, damage to or destruction of, or any condemnation or other taking for public use of, any
property of the Parent or any of its Restricted Subsidiaries.

 

“IP Rights”
has the meaning specified in Section 6.17.

 

“Irish Security
Documents” means the Irish law governed share mortgage in relation to the shares in SS&C Technologies Ireland Limited
entered into or to be entered into between the Lux Intermediate Holdco, as chargor, and the Administrative Agent and (b) each other
Irish law governed document or instrument which creates or evidences or which is expressed to create or evidence any Lien granted
or required to be granted pursuant to Section 7.14.

 

“IRS”
means the United States Internal Revenue Service.

 

    - 38 -

     

    

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

 

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

 

“Joinder Agreement”
means a joinder agreement substantially in the form of Exhibit 7.12 executed and delivered by a Domestic Subsidiary in accordance
with the provisions of Section 7.12.

 

“L/C Advance”
means, with respect to each Revolving Lender, such Revolving Lender’s funding of its participation in any L/C Borrowing in
accordance with its Applicable Percentage. All L/C Advances shall be denominated in Dollars.

 

“L/C Borrowing”
means an extension of credit resulting from a drawing under any Letter of Credit which has not been reimbursed on the date when
made or refinanced as a Borrowing of Revolving Loans. All L/C Borrowings shall be denominated in Dollars.

 

“L/C Credit
Extension” means, with respect to any Letter of Credit, the issuance thereof or extension of the expiry date thereof,
or the increase of the amount thereof.

 

“L/C Issuer”
means each of DBNY and Morgan Stanley Bank, N.A. in their capacity as an issuer of Letters of Credit hereunder, or any successor
issuer of Letters of Credit hereunder.

 

“L/C Obligations”
means, as at any date of determination, the aggregate amount available to be drawn under all outstanding Letters of Credit plus
the aggregate of all Unreimbursed Amounts, including all L/C Borrowings. For purposes of computing the amount available to be drawn
under any Letter of Credit, the amount of such Letter of Credit shall be determined in accordance with Section 1.09.
For all purposes of this Agreement, if on any date of determination a Letter of Credit has expired by its terms but any amount
may still be drawn thereunder by reason of the operation of Rule 3.14 of the ISP, such Letter of Credit shall be deemed to be “outstanding”
in the amount so remaining available to be drawn.

 

“Latest Maturity
Date” means, at any date of determination, the latest Maturity Date applicable to any Loan or Commitment hereunder at
such time, including the latest maturity date of any Extended Revolving Commitments, Refinancing Revolving Commitments, Incremental
Term Loan Commitments, Extended Term Loans, Incremental Term Loans, Refinancing Term Loans, Replacement Term Loans and Refinancing
Term Commitments, in each case as extended in accordance with this Agreement from time to time.

 

“Laws”
means, collectively, all international, foreign, federal, state and local statutes, treaties, rules, guidelines, regulations, ordinances,
codes and administrative or judicial precedents or authorities, including the interpretation or administration thereof by any

 

    - 39 -

     

    

Governmental Authority charged with the
enforcement, interpretation or administration thereof, and all applicable administrative orders, directed duties, authorizations
and permits of, any Governmental Authority, in each case having the force of law.

 

“Lenders”
means each of the Persons identified as a “Lender” on the signature pages hereto, each other Person that becomes a
“Lender” in accordance with this Agreement and their successors and permitted assigns.

 

“Lending Office”
means, as to any Lender, the office or offices of such Lender described as such in such Lender’s Administrative Questionnaire,
or such other office or offices as a Lender may from time to time notify the Company and the Administrative Agent, which office
may include any Affiliate of such Lender or any domestic or foreign branch of such Lender or such Affiliate.

 

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

 

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

 

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

 

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

 

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

 

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

 

“Limited Condition
Acquisition” means any Permitted Acquisition which the Company or any of its Restricted Subsidiaries is contractually
committed to consummate, the consummation of which is not conditioned on the availability of, or on obtaining, third party financing.

 

“Loan”
means (i) each Revolving Loan, each Term B-1 Loan, each Incremental Term Loan, each Extended Term Loan, each Extended Revolving
Loan, each Refinancing Term Loan, each Refinancing Revolving Loan and each Replacement Term Loan representing an extension of credit
to the Company and (ii) each Term A-1 Loan, each Term A-2 Loan, each Term B-2

 

    - 40 -

     

    

Loan, each Extended Term Loan and each
Refinancing Term Loan representing an extension of credit to a Designated Borrower.

 

“Loan Documents”
means this Agreement, each Note, each Issuer Document, each Joinder Agreement, each Collateral Document, each Incremental Term
Loan Agreement, each Extension Amendment, each Refinancing Amendment, the Re-Allocation Agreement, the Security Trust Deed and
any Intercreditor Agreement.

 

“Loan Notice”
means a notice of (a) a Borrowing of Revolving Loans or Term Loans under a given Facility, (b) a conversion of Loans under a given
Facility from one Type to the other, or (c) a continuation of Eurocurrency Rate Loans under a given Facility, in each case pursuant
to Section 2.02(a), which, if in writing, shall be substantially in the form of Exhibit 2.02.

 

“Loan Parties”
means, collectively, the Domestic Loan Parties and the Foreign Loan Parties.

 

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

 

“Lux Intermediate
Holdco” means SS&C European Holdings S.a.r.L., a société à responsabilité limitée
organized under the laws of Luxembourg having its registered office at 5, rue Guillaume Kroll, L-1882 Luxembourg and registered
with the Luxembourg Register of Commerce and Companies under number B173925.

 

“Lux Security
Documents” means each of (a) the Lux SS&C Technologies Holdings Europe Share Pledge Agreement, (b) the Lux SS&C
European Holdings Share Pledge Agreement, (c) the Lux SS&C Technologies Holdings Europe CPECs Pledge Agreement, (d) the Lux
SS&C European Holdings CEPCs Pledge Agreement and (e) each other Luxembourg law governed document or instrument which creates
or evidences or which is expressed to create or evidence any Lien granted or required to be granted pursuant to Section 7.14.

 

“Lux SS&C
European Holdings Share Pledge Agreement” means the Luxembourg law governed share pledge agreement between the Company,
as pledgor, and the Administrative Agent.

 

“Lux SS&C
European Holdings CPECs Pledge Agreement” means the Luxembourg law governed CPECs pledge agreement between the Company,
as pledgor, and the Administrative Agent, in the presence of Lux Intermediate Holdco as Company.

 

“Lux SS&C
Technologies Holdings Europe Share Pledge Agreement” means the Luxembourg law governed share pledge agreement between
Lux Intermediate Holdco, as pledgor, and the Administrative Agent, in the presence of the Designated Borrower 2 as Company, securing
the Foreign Obligations.

 

    - 41 -

     

    

“Lux SS&C
Technologies Holdings Europe CPECs Pledge Agreement” means the Luxembourg law governed CPECs pledge agreement between
Lux Intermediate Holdco, as pledgor, and the Administrative Agent, in the presence of the Designated Borrower 2 as Company, securing
the Foreign Obligations.

 

“Luxembourg
Company Law” means the Luxembourg law dated August 10, 1915 on commercial companies, as amended.

 

“Luxembourg
Guarantor” means any Guarantor incorporated under the laws of the Grand Duchy of Luxembourg.

 

“Margin Stock”
has the meaning specified in Section 6.14(b).

 

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

 

“Maturity
Date” means (a) as to the Revolving Loans and Letters of Credit (and the related L/C Obligations), the fifth anniversary
of the Closing Date (the “Revolving Loan Maturity Date”), (b) as to the Term A-1 Loans, the fifth anniversary
of the Closing Date, (c) as to the Term A-2 Loans, the fifth anniversary of the Closing Date, (d) as to the Term B-1 Loans, the
seventh anniversary of the Closing Date, (e) as to the Term B-2 Loans, the seventh anniversary of the Closing Date, (f) as to an
Incremental Term Loan, the final maturity date for such Incremental Term Loan as set forth in the applicable Incremental Term Loan
Agreement, (g) as to any Extended Term Loans or Extended Revolving Loans, the final maturity date therefor as set forth in the
applicable Extension Amendment and (h) as to any Refinancing Term Loans or Refinancing Revolving Loans, the final maturity date
therefor as set forth in the applicable Refinancing Amendment; provided, however, that, in each case, if such date
is not a Business Day, the Maturity Date shall be the next preceding Business Day.

 

“Merger”
means the merger of MergerCo. with and into Target (with Target to be the surviving corporation of such merger) in accordance with
the Merger Agreement.

 

“Merger Agreement”
means that certain Agreement and Plan of Merger, dated as of February 2, 2015, among the Target, the Parent and MergerCo. (including
all exhibits and disclosure schedules thereto, and as amended, supplemented or modified from time to time).

 

“Merger Agreement
Representations” means the representations made by (or relating to) the Target and/or any of its Subsidiaries in the
Merger Agreement as are material to the interests of the Lenders, but only to the extent that the Company has the right (or the
Company’s applicable affiliate has the right) to terminate the Company’s (or the Company’s affiliate’s)

 

    - 42 -

     

    

obligations (or to refuse to consummate
the Target Acquisition) under the Merger Agreement as a result of a breach of such representations.

 

“MergerCo.”
means Arbor Acquisition Company, Inc., a Delaware corporation and a Wholly-Owned Subsidiary.

 

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

 

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

 

“Multiple
Employer Plan” means a Plan which has two or more contributing sponsors (including any Loan Party or any ERISA Affiliate)
at least two of whom are not under common control, as such a plan is described in Section 4064 of ERISA.

 

“Net Cash
Proceeds” means:

 

(a)with respect
to any Disposition by the Parent or any of its Restricted Subsidiaries, or any Extraordinary Receipt received or paid to the account
of the Parent or any of its Restricted Subsidiaries, the excess, if any, of (i) the sum of cash and Cash Equivalents received in
connection with such transaction (including any cash or Cash Equivalents received by way of deferred payment pursuant to, or by
monetization of, a note receivable or otherwise, but only as and when so received) over (ii) the sum of (A) the principal amount
of any Indebtedness that is secured by the applicable asset (other than a Lien that ranks pari passu with or is subordinated to
the Liens securing the Obligations or any portion thereof) and that is required to be repaid in connection with such transaction
(other than Indebtedness under the Loan Documents), (B) the out-of-pocket expenses incurred by the Parent or such Restricted Subsidiary
in connection with such transaction (including attorneys’ fees, accountants’ fees, investment banking fees, survey
costs, title insurance premiums, and related search and recording charges, transfer taxes, deed or mortgage recording taxes, other
customary expenses and brokerage, consultant and other customary fees actually incurred in connection therewith), (C) income taxes
reasonably estimated to be actually payable within two (2) years of the date of the relevant transaction as a result of any gain
recognized in connection therewith and any repatriation costs associated with receipt by any Domestic Loan Party of such proceeds,
(D) any costs associated with unwinding any related Swap Contract in connection with such transaction, and (E) any reserve for
adjustment in respect of (x) the sale price of such asset or assets established in accordance with GAAP and (y) any liabilities
associated with such asset or assets and retained by the Parent or any Restricted Subsidiary after such sale or other disposition
thereof, including, without limitation, pension and other post-employment benefit liabilities and liabilities related to environmental
matters or against any indemnification obligations associated with such transaction; provided that “Net Cash Proceeds”
shall include, without limitation, any cash or Cash Equivalents received (i) upon the Disposition of any non-cash consideration
received by the Parent or any Restricted Subsidiary in any such Disposition and (ii) upon the reversal (without the satisfaction
of any applicable liabilities in cash in a corresponding amount) of any

 

    - 43 -

     

    

reserve described in sub-clause (E) or,
if such liabilities have not been satisfied in cash and such reserve not reversed within two (2) years of the date of the relevant
transaction;

 

(b)with respect
to the incurrence or issuance of any Indebtedness by the Parent or any of its Restricted Subsidiaries, the excess of (i) the sum
of the cash received in connection with such incurrence or issuance or in connection with unwinding any related Swap Contract in
connection therewith over (ii) the investment banking fees, underwriting or closing discounts, fees and commissions, taxes reasonably
estimated to be actually payable within two (2) years of the date of such incurrence or issuance and other out-of-pocket expenses
and other customary expenses incurred by the Parent or such Restricted Subsidiary in connection with such incurrence or issuance
and any costs associated with unwinding any related Swap Contract in connection therewith; and

 

(c)with respect
to the issuance of any Equity Interests by the Parent or any Restricted Subsidiary, the excess of (i) the sum of the cash and Cash
Equivalents received in connection with such issuance or in connection with unwinding any related Swap Contract in connection therewith
over (ii) the investment banking fees, underwriting discounts and commissions, and other out-of-pocket expenses, and other customary
expenses incurred by the Parent or such Restricted Subsidiary in connection with such issuance and any costs associated with unwinding
any related Swap Contract in connection therewith.

 

“Net Working
Capital” means, with respect to any Person and its Restricted Subsidiaries on a consolidated basis, Consolidated Current
Assets minus Consolidated Current Liabilities.

 

“Non-Consenting
Lender” has the meaning specified in Section 11.13(a).

 

“Non-Loan
Party” means any Subsidiary of the Parent that is not a Loan Party.

 

“Note”
means a Term A-1 Note, a Term A-2 Note, a Term B-1 Note, a Term B-2 Note or a Revolving Note, as the context may require.

 

“OFAC”
means the Office of Foreign Assets Control of the U.S. Treasury Department.

 

“Obligations”
means all advances to, and debts, liabilities, obligations, covenants and duties of, any Loan Party arising under any Loan Document
or otherwise with respect to any Loan or Letter of Credit (including the Direct U.S. Loan Party Obligations and the Foreign Obligations),
whether direct or indirect (including those acquired by assumption), absolute or contingent, due or to become due, now existing
or hereafter arising and including interest and fees that accrue after the commencement by or against any Loan Party or any Affiliate
thereof of any proceeding under any Debtor Relief Laws naming such Person as the debtor in such proceeding, regardless of whether
such interest and fees are allowed claims in such proceeding. The foregoing shall also include (a) all obligations under any Secured
Swap Contract between any Loan Party and any Lender or Affiliate of a Lender (excluding any Excluded Swap Obligations) and (b)
all obligations under any Secured Treasury Management Agreement between any Loan Party and any Lender or Affiliate of a Lender.

 

    - 44 -

     

    

“Organization
Documents” means (a) with respect to any corporation, the certificate or articles of incorporation and the bylaws (or
equivalent or comparable constitutive documents with respect to any non-U.S. jurisdiction); (b) with respect to any limited liability
company, the certificate or articles of formation or organization and operating agreement (or equivalent or comparable constitutive
documents with respect to any non-U.S. jurisdiction); and (c) with respect to any partnership, joint venture, trust or other form
of business entity, the partnership, joint venture or other applicable agreement of formation or organization and any agreement,
instrument, filing or notice with respect thereto filed in connection with its formation or organization with the applicable Governmental
Authority in the jurisdiction of its formation or organization and, if applicable, any certificate or articles of formation or
organization of such entity.

 

“Other Applicable
Indebtedness” has the meaning set forth in Section 2.05(b)(iv).

 

“Other Taxes”
means all present or future stamp, court or documentary, intangible, recording, filing or similar taxes, charges or similar levies
arising from any payment made hereunder or under any other Loan Document or from the execution, delivery or enforcement of, or
otherwise with respect to, this Agreement or any other Loan Document, excluding any such Tax imposed on an assignment (other than
an assignment pursuant to a request by the Company under Section 11.13) of any interest in any Loan or Commitment hereunder
(an “Assignment Tax”), but only to the extent such Assignment Tax is imposed as a result of a present or former
connection between the assignor and/or assignee and the taxing jurisdiction (other than any connection arising solely from such
assignor and/or assignee having executed, delivered, become a party to, performed its obligations under, received payments, received
a perfected security interest under, engaged in any other transaction pursuant to, and/or enforced any Loan Documents).

 

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

 

“Overnight
Rate” means, for any day, (a) with respect to any amount denominated in Dollars, the greater of (i) the Federal Funds
Rate and (ii) an overnight rate determined by the Administrative Agent, the Applicable L/C Issuer, as the case may be, in accordance
with banking industry rules on interbank compensation, and (b) with respect to any amount denominated in an Alternative Currency,
the rate of interest per annum at which overnight deposits in the applicable Alternative Currency, in an amount approximately equal
to the amount with respect to which such rate is being determined, would be offered for such day by a branch or Affiliate of DBNY
in the applicable offshore interbank market for such currency to major banks in such interbank market. 

 

    - 45 -

     

    

“Participant”
has the meaning specified in Section 11.06(d).

 

“Participant
Register” has the meaning specified in Section 11.06(d).

 

“Participating
Member State” means each state so described in any EMU Legislation.

 

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

 

“Pension Act”
means the Pension Protection Act of 2006.

 

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

 

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

 

“Permitted
Acquisition” means (i) an Investment consisting of an Acquisition by the Parent or any of its Restricted Subsidiaries,
provided that (a) the property acquired (or the property of the Person acquired) in such Acquisition complies with Section
8.07, (b) in the case of an Acquisition of the Equity Interests of another Person, the board of directors (or other comparable
governing body) of such other Person shall have duly approved such Acquisition, (c) the representations and warranties made by
the Loan Parties in each Loan Document shall be true and correct in all material respects at and as if made as of the date of such
Acquisition (after giving effect thereto) except to the extent such representations and warranties expressly relate to an earlier
date, (d) no Default exists or would result therefrom, (e) if the Person acquired is or becomes a Domestic Subsidiary of the Company,
it shall (to the extent required by Section 7.12) guarantee all of the Obligations and otherwise satisfy the requirements
of Section 7.12 and Section 7.14 within the timeframes provided therein, and (f) if the Person acquired is or becomes
a Restricted Subsidiary of Lux Intermediate Holdco, it shall (to the extent required by Section 7.12) guarantee the Foreign
Obligations and otherwise satisfy the requirements of Section 7.12 and Section 7.14 within the timeframes provided
therein; provided that the requirements of clauses (c) and (d) above shall be subject to Sections 1.12 and 2.01(g)
in the case of a Limited Condition Acquisition, and (ii) the Target Acquisition.

 

“Permitted
First Priority Refinancing Debt” means any secured Indebtedness incurred by the Company in the form of one or more series
of senior secured notes ranking pari passu with the liens securing the Facilities (other than the Term A-1 Loans, the Term
A-2 Loans or the Term B-2 Loans, or any Refinancing Term Loans, Extended Term Loans or Replacement Term Loans incurred by any Designated
Borrower with respect thereto); provided that (i) such Indebtedness will be subject to the terms of an Intercreditor Agreement
and (ii) such Indebtedness constitutes

 

    - 46 -

     

    

Credit Agreement Refinancing Indebtedness.
Permitted First Priority Refinancing Debt will include any Registered Equivalent Notes issued in exchange therefor.

 

“Permitted
Holders” means (i) William C. Stone and his spouse and the members of his immediate family and (ii) any estate, trust,
corporation, partnership or other entity, the beneficiaries, stockholders, partners, owners or Persons holding a controlling interest
of which consist solely of one or more Persons referred to in the immediately preceding clause (i).

 

“Permitted
Intercompany Investments” means (a) any Investment by any Loan Party in any other Loan Party; provided that the
aggregate outstanding principal amount of all Investments made by Domestic Loan Parties in Foreign Loan Parties under this clause
(a) (exclusive of Investments made in any Designated Borrower at any time in order to repay outstanding Foreign Obligations
of any Designated Borrower (provided that the proceeds of any such Investment are actually utilized to repay Foreign Obligations
within 90 days from the date of such Investment), in each case, in an amount not exceeding the funding requirement therefor), together
with, without duplication, the aggregate outstanding principal amount of all Indebtedness of Foreign Loan Parties guaranteed by
Domestic Loan Parties pursuant to (and in reliance on) Section 8.03 (other than the Loans), shall not exceed $400,000,000
at any time; (b) any Investment by any Domestic Non-Loan Party in any Domestic Loan Party; (c) any Investment by any Domestic Non-Loan
Party in any other Domestic Non-Loan Party; (d) any Investment by any Foreign Loan Party (including the Designated Borrowers) in
any other Foreign Loan Party; (e) any Investment by any Foreign Non-Loan Party in any Foreign Loan Party; (f) any Investment by
any Foreign Non-Loan Party in any other Foreign Non-Loan Party; and (g) any Investment (i) by any Foreign Loan Party in any Non-Loan
Party and (ii) by any Domestic Loan Party in any Non-Loan Party; provided that the aggregate outstanding principal amount
of all Investments under this clause (g) (exclusive of Investments made by any Foreign Loan Party with the proceeds of an
Investment made by a Domestic Loan Party, directly or indirectly, in such Foreign Loan Party, to the extent made in compliance
with clause (a) above), together with, without duplication, the aggregate outstanding principal amount of all Indebtedness
of Non-Loan Parties guaranteed by Loan Parties pursuant to (and in reliance on) Section 8.03, shall not exceed $200,000,000
at any time; provided further, that any Indebtedness owing (i) by any Domestic Loan Party to any Domestic Non-Loan
Party pursuant to clause (a) or (b), as applicable, shall be subordinated in right of payment to the prior payment
in full of the Obligations of such Domestic Loan Party, as applicable, on terms reasonably satisfactory to the Administrative Agent
and (ii) by any Foreign Loan Party to any Foreign Non-Loan Party pursuant to clause (d) or (e), as applicable, shall
be subordinated in right of payment to the prior payment in full of the Obligations of such Foreign Loan Party, as applicable,
on terms reasonably satisfactory to the Administrative Agent.

 

“Permitted
Intercompany Transfers” means any Disposition by the Parent or any Restricted Subsidiary to the Parent or any Restricted
Subsidiary; provided that (i) any such Disposition made for consideration of less than the fair market value of the assets
Disposed of (as reasonably determined by the Company) shall constitute an Investment by the maker of such Disposition in the recipient
of such Disposition in an amount equal to the difference (as reasonably determined by the Company) between the fair market value
of the assets so Disposed

 

    - 47 -

     

    

of and the consideration received and such
Investment shall be required to be permitted under Section 8.02 (provided that, solely for this purpose, Section
8.02(i) shall not apply) and (ii) for the avoidance of doubt, any non-cash consideration received in connection with any such
Disposition in the form of an Investment shall be required to be permitted under Section 8.02 (provided that, solely
for this purpose, Section 8.02(i) shall not apply).

 

“Permitted
Junior Priority Refinancing Debt” means secured Indebtedness incurred by the Company in the form of one or more series
of second lien (or other junior lien) secured notes or secured loans ranking junior to the liens securing the Facilities (other
than the Term A-1 Loans, the Term A-2 Loans or the Term B-2 Loans, or any Refinancing Term Loans, Extended Term Loans or Replacement
Term Loans incurred by any Designated Borrower with respect thereto and the guarantees thereof by Foreign Loan Parties); provided
that (i) such Indebtedness is secured by the Collateral (or the applicable portion thereof) on a second priority or other junior
priority, as applicable, basis to the Liens securing the Direct U.S. Loan Party Obligations and the obligations in respect of any
Permitted First Priority Refinancing Debt, (ii) such Indebtedness constitutes Credit Agreement Refinancing Indebtedness, (iii)
such Indebtedness meets the Permitted Other Debt Conditions and (iv) such Indebtedness will be subject to an Intercreditor Agreement.
Permitted Junior Priority Refinancing Debt will include any junior secured Registered Equivalent Notes issued in exchange therefor.

 

“Permitted
Liens” means, at any time, Liens in respect of property of the Parent or any of its Restricted Subsidiaries permitted
to exist at such time pursuant to the terms of Section 8.01.

 

“Permitted
Other Debt Conditions” means, with respect to any Indebtedness, that such Indebtedness does not mature or have scheduled
payments of principal and is not subject to mandatory redemption, repurchase, prepayment or sinking fund obligations (except (x)
customary asset sale, initial public offering or change of control or similar event provisions that provide for the prior repayment
in full in cash of the Loans and all other Obligations, (y) maturity payments and customary mandatory prepayments for a customary
bridge financing which, subject to customary conditions, provides for automatic conversion or exchange into Indebtedness that otherwise
complies with the requirements of this definition or (z) “AHYDO” payments), in each case prior to the Latest Maturity
Date at the time such Indebtedness is incurred.

 

“Permitted
Refinancing” means, with respect to any Person, any modification, refinancing, refunding, renewal, restructuring, replacement
or extension of any Indebtedness of such Person; provided that (a) the principal amount (or accreted value, if applicable)
thereof does not exceed the principal amount (or accreted value, if applicable) of the Indebtedness so modified, refinanced, restructured,
refunded, renewed, replaced or extended except by an amount equal to unpaid accrued interest and premium thereon plus other
amounts owing or paid related to such Indebtedness, and fees and expenses incurred, in connection with such modification, refinancing,
refunding, renewal, restructuring, replacement or extension plus an amount equal to any existing commitments unutilized
thereunder, (b) such modification, refinancing, refunding, renewal, replacement or extension has a final maturity date equal to
or later than the final maturity date of, and has a Weighted Average Life to Maturity equal to or greater than the Weighted Average
Life to Maturity

 

    - 48 -

     

    

of, the Indebtedness being modified, refinanced,
refunded, renewed, replaced or extended, (c) no Event of Default shall have occurred and be continuing, (d) if such Indebtedness
being modified, refinanced, refunded, renewed, replaced or extended is subordinated in right of payment to the Obligations (or
any portion thereof), such modification, refinancing, refunding, renewal, replacement or extension is subordinated in right of
payment to the Obligations (or such portion thereof) on terms (i) at least as favorable (taken as a whole) to the Lenders as those
contained in the documentation governing or evidencing the Indebtedness being modified, refinanced, refunded, renewed, replaced
or extended (provided that a certificate of a Responsible Officer delivered to the Administrative Agent at least five Business
Days prior to the incurrence of such Indebtedness stating that the Company has determined in good faith that such subordination
terms satisfy the foregoing requirement shall be conclusive evidence that such subordination terms satisfy the requirement of this
clause (i)) or (ii) as otherwise reasonably acceptable to the Administrative Agent, (e) to the extent such Indebtedness being modified,
refinanced, replaced, refunded, renewed or extended is unsecured or secured by Liens that are subordinated to the Liens securing
the Obligations (or any portion thereof), such modification, refinancing, replacement, refunding, renewal or extension is unsecured
or (solely with respect to such Indebtedness that is secured by Liens that are subordinated to the Liens securing the Obligations
(or any portion thereof)) secured by Liens that are subordinated to the Liens securing the Obligations (or such portion thereof)
on terms (x) at least as favorable (taken as a whole) to the Lenders as those contained in the documentation (including any intercreditor
or similar agreements) governing the Indebtedness being modified, refinanced, replaced, refunded, renewed or extended (provided
that a certificate of a Responsible Officer delivered to the Administrative Agent at least five Business Days prior to the incurrence
of such Indebtedness stating that the Company has determined in good faith that such subordination terms satisfy the foregoing
requirement shall be conclusive evidence that such subordination terms satisfy the requirement of this clause (x)) or (y) otherwise
reasonably acceptable to the Administrative Agent and (f) such modification, refinancing, refunding, renewal, replacement or extension
is directly incurred only by the direct borrower or issuer of the Indebtedness being modified, refinanced, replaced, refunded,
renewed or extended, and is guaranteed only by one or more Persons who are guarantors of the Indebtedness being modified, refinanced,
replaced, refunded, renewed or extended.

 

“Permitted
Transfers” means (a) Dispositions of inventory in the ordinary course of business; (b) Dispositions of machinery
and equipment no longer used or useful in the conduct of business of the Parent and its Restricted Subsidiaries that are Disposed
of in the ordinary course of business; (c) Permitted Intercompany Transfers; (d) Dispositions of accounts receivable in connection
with the collection or compromise thereof in the ordinary course of business; (e) licenses, sublicenses, leases or subleases granted
to others not interfering in any material respect with the business of the Parent and its Restricted Subsidiaries; (f) the sale
or disposition of Cash Equivalents for fair market value; (g) transfers of condemned property as a result of the exercise of “eminent
domain” or other similar policies to the respective Governmental Authority or agency that has condemned same (whether by
deed in lieu of condemnation or otherwise), and transfers of properties that have been subject to a casualty to the respective
insurer of such property as part of an insurance settlement; and (h) Dispositions of property to the extent that such property
is exchanged for credit against the purchase price of similar replacement property.

 

    - 49 -

     

    

“Permitted
Unsecured Refinancing Debt” means unsecured Indebtedness incurred by the Company in the form of one or more series of
senior unsecured notes or loans; provided that (i) such Indebtedness constitutes Credit Agreement Refinancing Indebtedness
and (ii) such Indebtedness meets the Permitted Other Debt Conditions. Permitted Unsecured Refinancing Debt will include any Registered
Equivalent Notes issued in exchange therefor.

 

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

 

“Plan”
means any employee benefit plan within the meaning of Section 3(3) of ERISA, maintained for employees of any Loan Party or any
ERISA Affiliate (other than a Multiemployer Plan established by any Loan Party or any ERISA Affiliate) or any such Plan to which
any Loan Party or any ERISA Affiliate is required to contribute on behalf of any of its employees (other than a Multiemployer Plan
established by any Loan Party or any ERISA Affiliate).

 

“Platform”
has the meaning specified in Section 7.02.

 

“Post-Closing
Reorganization” means the internal reorganization of the Company and its Subsidiaries as described on Schedule 1.01 hereto.

 

“Pro Forma
Basis” means, with respect to any transaction, that for purposes of calculating the financial covenant set forth in Section 8.11,
the Consolidated Net Leverage Ratio Test, the Consolidated Net Leverage Ratio and/or the Consolidated Net Secured Leverage Ratio,
such transaction shall be deemed to have occurred as of the first day of the most recent four fiscal quarter period or, in the
case of determinations described in Section 1.03(c)(ii), the most recent four fiscal quarter period preceding the date of
such transaction for which financial statements were required to be delivered pursuant to Section 7.01(a) or 7.01(b).
In connection with the foregoing, (a) with respect to the incurrence of any Indebtedness, such Indebtedness shall be deemed to
have been incurred as of the first day of the applicable period, (b) with respect to any Disposition or any designation of any
Subsidiary as an Unrestricted Subsidiary, (i) income statement and cash flow statement items (whether positive or negative) attributable
to the Person or property disposed of or designated as an Unrestricted Subsidiary (as applicable) shall be excluded to the extent
relating to any period occurring prior to the date of such transaction or designation (as applicable) and (ii) Indebtedness
which is retired in connection with any such Disposition or owed by the applicable Subsidiary at the time of its designation as
an Unrestricted Subsidiary (as applicable) shall be excluded and deemed to have been retired as of the first day of the applicable
period and (c) with respect to any Permitted Acquisition or designation of any Unrestricted Subsidiary as a Restricted Subsidiary,
(i) income statement and cash flow statement items attributable to the Person or property acquired or designated as a Restricted
Subsidiary (as applicable) shall be included to the extent relating to any period applicable in such calculations to the extent
(A) such items are not otherwise included in such income statement and cash flow statement items for the Parent and its Restricted
Subsidiaries in accordance with GAAP or in accordance with any defined terms set forth in this Section 1.01 and (B)
such items are supported by financial statements or other information reasonably satisfactory to the Administrative Agent and (ii)
any Indebtedness incurred or assumed by the Parent or any Restricted Subsidiary

 

    - 50 -

     

    

(including the Person or property acquired
or designated as a Restricted Subsidiary (as applicable)) in connection with such transaction and any Indebtedness of the Person
or property acquired or designated as a Restricted Subsidiary (as applicable) which is not retired in connection with such transaction
(A) shall be deemed to have been incurred as of the first day of the applicable period and (B) if such Indebtedness has
a floating or formula rate, shall have an implied rate of interest for the applicable period for purposes of this definition determined
by utilizing the rate which is or would be in effect with respect to such Indebtedness as at the relevant date of determination.

 

“Pro Forma
Compliance Certificate” means a certificate of a Responsible Officer of the Company containing reasonably detailed calculations
of (i) in the case of a Pro Forma Compliance Certificate delivered in connection with Section 2.01(d)(xi), Section 7.17(c),
Section 8.03(f), Section 8.06(g), Section 8.06(h) or Section 8.12(b), the Consolidated Net Secured
Leverage Ratio (as set forth in such applicable Section) and (ii) the financial covenant set forth in Section 8.11
(irrespective of whether such covenant is otherwise then applicable) as of the end of the period of four fiscal quarters most recently
ended for which financial statements have been delivered pursuant to Section 7.01(a) or 7.01(b) after giving
effect to the applicable transaction on a Pro Forma Basis.

 

“Public Lender”
has the meaning specified in Section 7.02.

 

“Qualified
Capital Stock” means any Equity Interests that are not Disqualified Capital Stock.

 

“Qualified
ECP Guarantor” means, in respect of any Swap Obligation, each Loan Party that has total assets exceeding $10,000,000
at the time such Swap Obligation is incurred or such other person as constitutes an “ECP” under the Commodity Exchange
Act or any regulations promulgated thereunder.

 

“Re-Allocation
Agreement” means a Re-Allocation Agreement dated as of the Closing Date among the Lenders, substantially in the form
of Exhibit 1.01(b), as amended, modified and supplemented from time to time.

 

“Re-Allocation
Event” means (i) the occurrence of any Event of Default with respect to any Borrower pursuant to Sections 9.01(f)
and (g), (ii) the declaration of the termination of any Commitment, or the acceleration of the maturity of any Loans, in
each case pursuant to the provisions of Article IX hereof or (iii) the failure of any Borrower to pay any principal of, or interest
on, any Loans of any Facility or any Unreimbursed Amounts on the applicable Maturity Date.

 

“Refinanced
Debt” has the meaning set forth in the definition of “Credit Agreement Refinancing Indebtedness.”

 

“Refinanced
Term Loans” has the meaning specified in Section 11.01.

 

    - 51 -

     

    

“Refinancing”
means the following refinancing transactions: (a) all Indebtedness of the Company and its Subsidiaries under the Existing Company
Credit Agreement shall have been repaid in full, together with all accrued but unpaid interest, fees and other amounts owing thereon,
(b) all Indebtedness of the Target and its Subsidiaries under the Existing Target Credit Agreement shall have been repaid in full,
together with all accrued but unpaid interest, fees and other amounts owing thereon, (c) all commitments, security interests and
guaranties in connection with the Indebtedness to be refinanced pursuant to clauses (a) and (b) above shall have been terminated
and released, all to the reasonable satisfaction of the Administrative Agent and (d) the payment of all fees and expenses related
to the foregoing transactions.

 

“Refinancing
Amendment” means an amendment to this Agreement executed by each of (a) the applicable Borrower, (b) the Administrative
Agent and (c) each Lender (including any Additional Refinancing Lender) that agrees to provide any portion of Refinancing Term
Loans, Refinancing Term Commitments, Refinancing Revolving Commitments or Refinancing Revolving Loans incurred pursuant thereto,
in accordance with Section 2.17.

 

“Refinancing
Revolving Commitments” means one or more Classes of revolving credit Commitments hereunder that result from a Refinancing
Amendment.

 

“Refinancing
Revolving Loans” means one or more Classes of revolving credit loans that are made pursuant to Refinancing Revolving
Commitments.

 

“Refinancing
Series” means all Refinancing Term Loans, Refinancing Term Commitments, Refinancing Revolving Loans or Refinancing Revolving
Commitments that are established pursuant to the same Refinancing Amendment (or any subsequent Refinancing Amendment to the extent
such Refinancing Amendment expressly provides that the Refinancing Term Loans, Refinancing Term Commitments, Refinancing Revolving
Loans, or Refinancing Revolving Commitments provided for therein are intended to be a part of any previously established Refinancing
Series) and that provide for the same maturity, Effective Yield (other than, for this purpose, any original issue discount or upfront
fees), if applicable, and amortization schedule.

 

“Refinancing
Term Commitments” means one or more term loan Commitments hereunder providing for Refinancing Term Loans of the applicable
Refinancing Series hereunder pursuant to a Refinancing Amendment.

 

“Refinancing
Term Loans” means one or more Classes of term loans hereunder that are made pursuant to Refinancing Term Commitments.

 

“Register”
has the meaning specified in Section 11.06(c).

 

“Registered
Equivalent Notes” means, with respect to any notes originally issued in an offering pursuant to Rule 144A under the Securities
Act or other private placement transaction under the Securities Act, substantially identical notes (having the same guarantees)
issued in a dollar for dollar exchange therefor pursuant to an exchange offer registered with the SEC.

 

    - 52 -

     

    

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

 

“Replacement
Term Loans” has the meaning specified in Section 11.01.

 

“Reportable
Event” means any of the events set forth in Section 4043(c) of ERISA, other than events for which the 30-day notice
period has been waived.

 

“Repricing
Transaction” means (a) the incurrence by either Borrower or any Subsidiary thereof of any Indebtedness (including, without
limitation, any new or additional term loans under this Agreement) (i) having an Effective Yield for the respective Type of such
Indebtedness that is less than the Effective Yield for Term B-1 Loans and/or Term B-2 Loans of the respective Type, and (ii) the
proceeds of which are used to prepay (or, in the case of a conversion, deemed to prepay or replace), in whole or in part, outstanding
principal of Term B-1 Loans and/or Term B-2 Loans or (b) any amendment, waiver or other modification to this Agreement which would
have the effect of reducing the Effective Yield for Term B-1 Loans and/or Term B-2 Loans (other than, in each case, any such transaction
or amendment or modification in connection with a Change of Control or Transformational Event). Any such determination by the Administrative
Agent and the Company as contemplated by preceding clauses (a) and (b) shall be conclusive and binding on all Lenders
holding Term B-1 Loans and/or Term B-2 Loans.

 

“Request for
Credit Extension” means (a) with respect to a Borrowing, conversion or continuation of Loans, a Loan Notice and (b) with
respect to an L/C Credit Extension, a Letter of Credit Application.

 

“Required
Lenders” means, as of the date of determination, Lenders having more than 50% of the sum of the (a) Total Outstandings
(with the aggregate amount of each Revolving Lender’s risk participation and funded participation in L/C Obligations being
deemed “held” by such Lender for purposes of this definition), (b) aggregate unused Revolving Commitments, Extended
Revolving Commitments and Refinancing Revolving Commitments and (c) aggregate unused Term Commitments; provided, that the
unused Revolving Commitment, Extended Revolving Commitment and Refinancing Revolving Commitment of, and the portion of the Total
Outstandings held or deemed held by, any Defaulting Lender shall in each case be excluded for purposes of making a determination
of Required Lenders.

 

“Required
Pro Rata Lenders” means, as of any date of determination, Revolving Lenders, Term A-1 Lenders and Term A-2 Lenders collectively
holding more than 50% of the sum of the (a) Total Revolving Outstandings (with the aggregate amount of each Revolving Lender’s
risk participation and funded participation in L/C Obligations being deemed “held” by such Revolving Lender for purposes
of this definition) and Total Outstandings with respect to Term A-1 Loans and Term A-2 Loans and (b) aggregate unused Revolving
Commitments on such date; provided that the unused Revolving Commitment of, and the portion of the Total Revolving Outstandings
and Total Outstandings with respect to Term A-1 Loans and Term A-2 Loans, in each case held or deemed held by, any Defaulting Lender
shall be excluded for purposes of making a determination of Required Pro Rata Lenders.

 

    - 53 -

     

    

“Required
Revolving Lenders” means, as of any date of determination, Revolving Lenders holding more than 50% of the sum of the
(a) Total Revolving Outstandings (with the aggregate amount of each Revolving Lender’s risk participation and funded participation
in L/C Obligations being deemed “held” by such Revolving Lender for purposes of this definition) and (b) aggregate
unused Revolving Commitments on such date; provided that the unused Revolving Commitment of, and the portion of the Total
Revolving Outstandings held or deemed held by, any Defaulting Lender shall be excluded for purposes of making a determination of
Required Revolving Lenders.

 

“Required
Term Lenders” means, as of any date of determination, with respect to any Term Facility, Term Lenders under such Term
Facility holding more than 50% of the sum of the (a) Term Loans outstanding under the applicable Term Facility and (b) aggregate
unused Term Commitments in respect of the applicable Term Facility on such date.

 

“Responsible
Officer” means the chief executive officer, president, chief financial officer, director, treasurer, assistant treasurer
or controller of a Loan Party, solely for purposes of the delivery of incumbency certificates pursuant to Section 5.01,
the secretary or any assistant secretary of a Loan Party and, solely for purposes of notices given pursuant to Article II,
any other officer of the applicable Loan Party so designated by any of the foregoing officers in a notice to the Administrative
Agent. Any document delivered hereunder that is signed by a Responsible Officer of a Loan Party shall be conclusively presumed
to have been authorized by all necessary corporate, partnership and/or other action on the part of such Loan Party and such Responsible
Officer shall be conclusively presumed to have acted on behalf of such Loan Party.

 

“Restricted
Obligations” has the meaning specified in Section 4.10.

 

“Restricted
Payment” means any dividend or other distribution (whether in cash, securities or other property) with respect to any
Equity Interests of any Person, or any payment (whether in cash, securities or other property), including any sinking fund or similar
deposit, on account of the purchase, redemption, retirement, defeasance, acquisition, cancellation or termination of any such Equity
Interests or on account of any return of capital to such Person’s stockholders, partners or members (or the equivalent Person
thereof). For purposes of clarification, any payment (whether in cash, securities or other property), including any sinking fund
or similar deposit, on account of the purchase, redemption, retirement, defeasance, acquisition, cancellation or termination of
Indebtedness which by its terms is convertible into Equity Interests is not a “Restricted Payment”.

 

“Restricted
Subsidiary” means any Subsidiary of the Parent other than an Unrestricted Subsidiary.

 

“Retained
Excess Cash Flow Amount” means, at any date, an amount, not less than zero in the aggregate, determined on a cumulative
basis equal to the aggregate cumulative sum of the Retained Percentage of Excess Cash Flow for all Excess Cash Flow Periods ending
after the Closing Date and prior to such date; provided that, (i) to the extent that any or all of the Excess Cash Flow
attributable to Restricted Subsidiaries that are Foreign Subsidiaries are prohibited or delayed by applicable local law or applicable
organizational documents of such Foreign

 

    - 54 -

     

    

Subsidiary from being repatriated to a
Borrower, the portion of such Excess Cash Flow so affected will not be included in the calculation of the Retained Excess Cash
Flow Amount for so long, but only so long, as the applicable local law or applicable organizational documents of such Foreign Subsidiary
will not permit repatriation to either Borrower, and if within one year following the date on which such restriction first arose,
such repatriation of any of such affected Excess Cash Flow is permitted under the applicable local law or applicable organizational
documents of such Foreign Subsidiary, such repatriation will be immediately effected and such repatriated Excess Cash Flow will
be included in the calculation of the Retained Excess Cash Flow Amount or (ii) to the extent that the Parent has determined in
good faith, after consultation with the Administrative Agent, that repatriation to a Borrower of any of or all the Excess Cash
Flow attributable to Restricted Subsidiaries that are Foreign Subsidiaries would have adverse tax consequences (including any reduction
in tax attributes) with respect to such Excess Cash Flow, such Excess Cash Flow so affected will not be included in the calculation
of the Retained Excess Cash Flow Amount for so long, but only so long, as the applicable adverse tax consequences with respect
to such Excess Cash Flow remain, and if within one year following the date on which such adverse tax consequences first arose,
such repatriation of any of such affected Excess Cash Flow would no longer have adverse tax consequences, such repatriation will
be immediately effected and such repatriated Excess Cash Flow will be included in the calculation of the Retained Excess Cash Flow
Amount.

 

“Retained
Percentage” means, with respect to any Excess Cash Flow Period, (a) 100% minus (b) the Applicable ECF Percentage with
respect to such Excess Cash Flow Period.

 

“Revaluation
Date” means (a) with respect to any Loan, each of the following: (i) each date of a Borrowing of a Eurocurrency Rate
Loan denominated in an Alternative Currency, (ii) each date of a continuation of a Eurocurrency Rate Loan denominated in an Alternative
Currency pursuant to Section 2.02, and (iii) such additional dates as the Administrative Agent shall determine or the
Required Lenders shall require; and (b) with respect to any Letter of Credit, each of the following: (i) each date of issuance
of a Letter of Credit denominated in an Alternative Currency, (ii) each date of an amendment of any such Letter of Credit having
the effect of increasing the amount thereof (solely with respect to the increased amount), (iii) each date of any payment by the
Applicable L/C Issuer under any Letter of Credit denominated in an Alternative Currency and (iv) such additional dates as the Administrative
Agent or the Applicable L/C Issuer shall determine or the Required Lenders shall require. 

 

“Revolver Extension
Request” has the meaning set forth in Section 2.18(b).

 

“Revolver Extension
Series” has the meaning set forth in Section 2.18(b).

 

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

 

    - 55 -

     

    

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

 

“Revolving
Lender” means each Lender with a Revolving Commitment or holding Revolving Loans.

 

“Revolving
Loan” has the meaning specified in Section 2.01(a).

 

“Revolving
Loan Maturity Date” has the meaning specified in clause (a) of the definition of “Maturity Date”.

 

“Revolving
Note” means a promissory note made by the Company in favor of a Revolving Lender evidencing Revolving Loans made by such
Revolving Lender, substantially in the form of Exhibit 1.01(e).

 

“S&P”
means Standard & Poor’s Financial Services LLC, a subsidiary of The McGraw-Hill Companies, Inc. and any successor thereto.

 

“Same Day
Funds” means (a) with respect to disbursements and payments in Dollars, immediately available funds, and (b) with respect
to disbursements and payments in an Alternative Currency, same day or other funds as may be determined by the Administrative Agent
or the Applicable L/C Issuer, as the case may be, to be customary in the place of disbursement or payment for the settlement of
international banking transactions in the relevant Alternative Currency.

 

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

 

“Secured Swap
Contract” means any Swap Contract between any Loan Party and a Lender or an Affiliate of a Lender that has been designated
in writing by the applicable Lender (or Affiliate of a Lender) to the Administrative Agent and the Company as a “Secured
Swap Contract”; provided that for the purposes of the Loan Documents in no circumstances shall any Excluded Swap Obligations
constitute Obligations with respect to any Secured Swap Contract.

 

“Secured Treasury
Management Agreement” means any Treasury Management Agreement between any Loan Party and any Lender or any Affiliate
of a Lender that has been designated in writing by the applicable Lender (or Affiliate of a Lender) to the Administrative Agent
and the Company as a “Secured Treasury Management Agreement”.

 

“Securities
Act” means the Securities Act of 1933, as amended.

 

“Securitization
Transaction” means, with respect to any Person, any financing transaction or series of financing transactions (including
factoring arrangements) pursuant to which such Person or any Subsidiary of such Person may sell, convey or otherwise transfer,
or grant a security interest in, accounts, payments, receivables, rights to future lease payments or residuals or similar rights
to payment to a special purpose subsidiary or affiliate of such Person.

 

    - 56 -

     

    

“Security
Trust Deed” means the English law security trust deed entered into or to be entered into by the Administrative Agent
whereby, inter alia, the Administrative Agent declares that the rights, interests, benefits and other property comprised in the
Liens which are the subject of the English Security Documents are held in trust for the Administrative Agent and the holders of
the applicable Obligations.

 

“Senior Notes”
means the 5.875% unsecured senior notes issued by the Parent pursuant to the Senior Notes Indenture.

 

“Senior Notes
Indenture” means the Indenture, dated as of July 8, 2015, among the Parent, the Company, the other Domestic Guarantors
and Wilmington Trust, National Association, as trustee.

 

“Solvent”
or “Solvency” means, with respect to any Person as of a particular date, that on such date (a) such Person is
able to pay its debts and other liabilities, contingent obligations and other commitments as they mature, (b) such Person does
not intend to, and does not believe that it will, incur debts or liabilities beyond such Person’s ability to pay such debts
and liabilities as they mature, (c) such Person is not engaged in a business or a transaction, and is not about to engage in a
business or a transaction, for which such Person’s property would constitute unreasonably small capital, (d) the fair value
of the property of such Person is greater than the total amount of liabilities, including contingent liabilities, of such Person,
and (e) the present fair salable value of the assets of such Person is not less than the amount that will be required to pay the
probable liability of such Person on its debts as they become absolute and matured. The amount of contingent liabilities at any
time shall be computed as the amount that, in the light of all the facts and circumstances existing at such time, represents the
amount that can reasonably be expected to become an actual or matured liability.

 

“Special Notice
Currency” means, at any time, an Alternative Currency, other than the currency of a country that is a member of the Organization
for Economic Cooperation and Development at such time located in North America or Europe.

 

“Specified
Representations” means those representations and warranties made by the Loan Parties in Sections 6.01(a)(i)
and (b)(i), 6.02(a) and (b), 6.03(a), 6.04, 6.14(b) and (c), 6.18(a), 6.19,
6.21(c) and 6.22(b).

 

“Spot Rate”
for a currency means the rate determined by the Administrative Agent or the Applicable L/C Issuer, as applicable, to be the rate
quoted by the Person acting in such capacity as the spot rate for the purchase by such Person of such currency with another currency
through its principal foreign exchange trading office at approximately 11:00 a.m. on the date two Business Days prior to the date
as of which the foreign exchange computation is made; provided that the Administrative Agent or the Applicable L/C
Issuer may obtain such spot rate from another financial institution designated by the Administrative Agent or the Applicable L/C
Issuer if the Person acting in such capacity does not have as of the date of determination a spot buying rate for any such currency;
and provided further, that the Applicable L/C Issuer may use such spot rate quoted on the date as of which the foreign
exchange computation is made in the case of any Letter of Credit denominated in an Alternative Currency.

 

    - 57 -

     

    

“Subordinated
Debt” means any Indebtedness of the Parent or any Restricted Subsidiary described in the definition of “Consolidated
Funded Indebtedness” that is subordinated in right of payment to the Obligations (or any portion thereof).

 

“Subsidiary”
of a Person means a corporation, partnership, joint venture, limited liability company or other business entity of which a majority
of the Voting Stock is at the time beneficially owned, or the management of which is otherwise controlled, directly, or indirectly
through one or more intermediaries, or both, by such Person. Unless otherwise specified, all references herein to a “Subsidiary”
or to “Subsidiaries” shall refer to a Subsidiary or Subsidiaries of the Parent.

 

“Swap Contract”
means (a) any and all rate swap transactions, basis swaps, credit derivative transactions, forward rate transactions, commodity
swaps, commodity options, forward commodity contracts, equity or equity index swaps or options, bond or bond price or bond index
swaps or options or forward bond or forward bond price or forward bond index transactions, interest rate options, forward foreign
exchange transactions, cap transactions, floor transactions, collar transactions, currency swap transactions, cross-currency rate
swap transactions, currency options, spot contracts, or any other similar transactions or any combination of any of the foregoing
(including any options to enter into any of the foregoing), whether or not any such transaction is governed by or subject to any
master agreement, and (b) any and all transactions of any kind, and the related confirmations, which are subject to the terms and
conditions of, or governed by, any form of master agreement published by the International Swaps and Derivatives Association, Inc.,
any International Foreign Exchange Master Agreement, or any other similar master agreement used to document transactions of the
type specified in clause (a) (any such master agreement, together with any related schedules, a “Master Agreement”),
including any such obligations or liabilities under any Master Agreement.

 

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

 

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

 

“Swiss Guarantor”
has the meaning specified in Section ‎4.10.

 

“Swiss Security
Documents” means (a) the Swiss law governed quota pledge agreement regarding the pledge of quotas in GlobeOp Financial
Services (Switzerland) GmbH between SS&C European Holdings S.A.R.L. and the holders of Secured Obligations (as defined therein),
represented by Deutsche Bank AG New York Branch as Administrative Agent, dated as of the

 

    - 58 -

     

    

Closing Date and (b) each other Swiss law
governed document or instrument which creates or evidences or which is expressed to create or evidence any Lien granted or required
to be granted pursuant to Section 7.14.

 

“Synthetic
Lease” means any synthetic lease, tax retention operating lease, off-balance sheet loan or similar off-balance sheet
financing arrangement whereby the arrangement is considered borrowed money indebtedness for tax purposes but is classified as an
operating lease or does not otherwise appear on a balance sheet under GAAP.

 

“Target”
means Advent Software, Inc.

 

“Target Acquisition”
means the acquisition by Parent of the Target pursuant to the Merger Agreement, to be effected by way of the Merger.

 

“TARGET Day”
means any day on which the Trans-European Automated Real-time Gross Settlement Express Transfer (TARGET) payment system (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) is open for the settlement of payments in Euro.

 

“Target Material
Adverse Effect” means (with capitalized terms used in this definition and not otherwise defined in this Agreement having
the meanings assigned thereto in the Merger Agreement) a material adverse effect on (i) the condition (financial or otherwise),
business, assets or results of operations of the Target and its Subsidiaries, taken as a whole, excluding any effect resulting
from (A) changes in the financial, credit or securities markets or general economic or political conditions in the United States
or elsewhere in the world to the extent that such changes do not have a disproportionate effect on the Target and its Subsidiaries,
taken as a whole, relative to other participants in the industry in which the Target and its Subsidiaries operate, (B) changes
generally affecting the industry in which the Target and its Subsidiaries operate to the extent such changes do not have a disproportionate
effect on the Target and its Subsidiaries, taken as a whole, relative to other participants in the industry in which the Target
and its Subsidiaries operate, (C) acts of war, sabotage or terrorism (or any escalation of the foregoing, and whether or not declared)
or natural disasters to the extent that such changes do not have a disproportionate effect on the Target and its Subsidiaries,
taken as a whole, relative to other participants in the industry in which the Target and its Subsidiaries operate, (D) changes
or prospective changes in Applicable Law or GAAP or in accounting standards, or any changes or prospective changes in the interpretation
or enforcement of any of the foregoing, in each case, to the extent that such changes do not have a disproportionate effect on
the Target and its Subsidiaries, taken as a whole, relative to other participants in the industry in which the Target and its Subsidiaries
operate, (E) the announcement, pendency or consummation of the transactions contemplated by the Merger Agreement, including the
impact thereof on relationships with customers, suppliers, distributors, partners, employees, or Governmental Authorities (as defined
in the Merger Agreement) (it being understood that this clause (E) shall not apply to any representation, warranty, covenant or
agreement of the Target in the Merger Agreement that is expressly intended to address the consequences of the execution, delivery
or

 

    - 59 -

     

    

performance of the Merger Agreement or
the consummation of the transactions contemplated thereby), (F) any action taken by the Target or its Subsidiaries that is required
by the Merger Agreement or is taken with the prior written consent or at the written direction of the Parent in accordance with
the Merger Agreement, or the failure to take any action by the Target or its Subsidiaries if that action is prohibited by the Merger
Agreement, or (G) any failure, in and of itself, by the Target and its Subsidiaries to meet any internal or published budgets,
projections, forecasts or predictions of financial performance for any period, or any changes in the price or trading volume of
the Company Stock (it being understood that this clause (G) shall not prevent a party from asserting that any underlying fact,
change, event, occurrence or effect that may have contributed to such failure or change independently constitutes or contributes
to a Target Material Adverse Effect), or (ii) the Target’s ability to consummate the Merger or the other transactions contemplated
by the Merger Agreement.

 

“Taxes”
means all present or future taxes, levies, imposts, duties, deductions, withholdings (including backup withholding), assessments,
fees or other charges imposed by any Governmental Authority, including any interest, additions to tax or penalties applicable thereto.

 

“Term A Facilities”
means, collectively, the Term A-1 Facility and the Term A-2 Facility.

 

“Term A-1
Commitment” means, as to each Term A-1 Lender, its obligation to make Term A-1 Loans to the Designated Borrower 1 pursuant
to Section 2.01(b)(i) in the amount stated on Schedule 2.01 or as set forth in the Assignment and Assumption pursuant
to which such Term A-1 Lender becomes a party hereto and, as to the Term A-1 Lenders, the aggregate amount of NINETY EIGHT
MILLION DOLLARS ($98,000,000), in each case as such amount may be adjusted from time to time in accordance with this Agreement.

 

“Term A-1
Facility” means, at any time, (a) the aggregate amount of the Term A-1 Commitments at such time and (b) the aggregate
principal amount of the Term A-1 Loans of all Term A-1 Lenders outstanding at such time.

 

“Term A-1
Lender” means each Lender with a Term A-1 Commitment or holding a Term A-1 Loan.

 

“Term A-1
Loan” means an advance made by a Term A-1 Lender under the Term A-1 Facility.

 

“Term A-1
Note” means a promissory note made by the Designated Borrower 1 in favor of a Term A-1 Lender evidencing Term A-1 Loans
made by such Term A-1 Lender, substantially in the form of Exhibit 1.01(d).

 

“Term A-2
Commitment” means, as to each Term A-2 Lender, its obligation to make Term A-2 Loans to the Designated Borrower 2 pursuant
to Section 2.01(b)(i) in the amount stated on Schedule 2.01 or as set forth in the Assignment and Assumption pursuant
to which such Term A-2 Lender becomes a party hereto and, as to the Term A-2 Lenders, the aggregate

 

    - 60 -

     

    

amount of ONE HUNDRED FIFTY TWO MILLION
DOLLARS ($152,000,000), in each case as such amount may be adjusted from time to time in accordance with this Agreement.

 

“Term A-2
Facility” means, at any time, (a) the aggregate amount of the Term A-2 Commitments at such time and (b) the aggregate
principal amount of the Term A-2 Loans of all Term A-2 Lenders outstanding at such time.

 

“Term A-2
Lender” means each Lender with a Term A-2 Commitment or holding a Term A-2 Loan.

 

“Term A-2
Loan” means an advance made by a Term A-2 Lender under the Term A-2 Facility.

 

“Term A-2
Note” means a promissory note made by the Designated Borrower 2 in favor of a Term A-2 Lender evidencing Term A-2 Loans
made by such Term A-2 Lender, substantially in the form of Exhibit 1.01(d).

 

“Term B Facilities”
means, collectively, the Term B-1 Facility and the Term B-2 Facility.

 

“Term B-1
Commitment” means, as to each Term B-1 Lender, its obligation to make Term B-1 Loans to the Company pursuant to Section
2.01(b)(i) in the amount stated on Schedule 2.01 or as set forth in the Assignment and Assumption pursuant to which
such Term B-1 Lender becomes a party hereto and, as to the Term B-1 Lenders, the aggregate amount of ONE BILLION EIGHT HUNDRED
TWENTY MILLION DOLLARS ($1,820,000,000), in each case as such amount may be adjusted from time to time in accordance with this
Agreement.

 

“Term B-1
Facility” means, at any time, (a) the aggregate amount of the Term B-1 Commitments at such time and (b) the aggregate
principal amount of the Term B-1 Loans of all Term B-1 Lenders outstanding at such time.

 

“Term B-1
Lender” means each Lender with a Term B-1 Commitment or holding a Term B-1 Loan.

 

“Term B-1
Loan” means an advance made by a Term B-1 Lender under the Term B-1 Facility.

 

“Term B-1
Note” means a promissory note made by the Company in favor of a Term B-1 Lender evidencing Term B-1 Loans made by such
Term B-1 Lender, substantially in the form of Exhibit 1.01(d).

 

“Term B-2
Commitment” means, as to each Term B-2 Lender, its obligation to make Term B-2 Loans to the Designated Borrower 1 pursuant
to Section 2.01(b)(ii) in the amount stated on Schedule 2.01 or as set forth in the Assignment and Assumption pursuant
to which such Term B-2 Lender becomes a party hereto and, as to the Term B-2 Lenders, the aggregate amount of FOUR HUNDRED
TEN MILLION DOLLARS ($410,000,000), in each case as such amount may be adjusted from time to time in accordance with this Agreement.

 

    - 61 -

     

    

“Term B-2
Facility” means, at any time, (a) the aggregate amount of the Term B-2 Commitments at such time and (b) the aggregate
principal amount of the Term B-2 Loans of all Term B-2 Lenders outstanding at such time.

 

“Term B-2
Lender” means each Lender with a Term B-2 Commitment or holding a Term B-2 Loan.

 

“Term B-2
Loan” means an advance made by a Term B-2 Lender under the Term B-2 Facility.

 

“Term B-2
Note” means a promissory note made by the Designated Borrower 2 in favor of a Term B-2 Lender evidencing Term B-2 Loans
made by such Term B-1 Lender, substantially in the form of Exhibit 1.01(d).

 

“Term Commitment”
means any of a Term A-1 Commitment, a Term A-2 Commitment, a Term B-1 Commitment, a Term B-2 Commitment, an Incremental Term Loan
Commitment, a commitment with respect to Extended Term Loans, a commitment with respect to Replacement Term Loans and/or a Refinancing
Term Commitment, as the context may require.

 

“Term Facilities”
means the Term A-1 Facility, the Term A-2 Facility, the Term B-1 Facility, the Term B-2 Facility, any facility providing for Extended
Term Loans, any facility providing for Refinancing Term Loans, any facility providing for Replacement Term Loans and/or any Incremental
Term Loan Facility, as the context may require.

 

“Term Lender”
means, at any time, a Term A-1 Lender, a Term A-2 Lender, a Term B-1 Lender, a Term B-2 Lender, a Lender with respect to any Incremental
Term Loans, a Lender with respect to any Extended Term Loans, a Lender with respect to any Replacement Term Loans or a Lender with
respect to any Refinancing Term Loans.

 

“Term Loan Extension
Request” has the meaning set forth in Section 2.18(a).

 

“Term Loan Extension
Series” has the meaning set forth in Section 2.18(a).

 

“Term Loans”
means Term A-1 Loans, Term A-2 Loans, Term B-1 Loans, Term B-2 Loans, any Incremental Term Loans, any Extended Term Loans, any
Refinancing Term Loans and any Replacement Term Loans.

 

“Threshold
Amount” means $60,000,000.

 

“Total Outstandings”
means the Total Revolving Outstandings and the Outstanding Amount of all Term Loans.

 

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

 

“Transaction”
means, collectively, (a) the entering into by the Loan Parties and their applicable Subsidiaries of the Loan Documents to which
they are or are intended to be a party,

 

    - 62 -

     

    

(b) the Target Acquisition, (c) the Refinancing,
and (e) the payment of the fees and expenses incurred in connection with the consummation of the foregoing.

 

“Transformational
Event” means any acquisition or investment by the Company or any Restricted Subsidiary that is either (a) not permitted
by the terms of this Agreement immediately prior to the consummation of such acquisition or investment or (b) if permitted by the
terms of this Agreement immediately prior to the consummation of such acquisition or investment, would not provide the Parent and
its Restricted Subsidiaries with adequate flexibility under this Agreement for the continuation and/or expansion of their combined
operations following such consummation, as determined by the Company in good faith.

 

“Treasury
Management Agreement” means any agreement governing the provision of treasury or cash management services, including
deposit accounts, overnight draft, credit or debit cards, p-cards, funds transfer, automated clearinghouse, zero balance accounts,
returned check concentration, controlled disbursement, lockbox, account reconciliation and reporting and trade finance services
and other cash management services.

 

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

 

“UCC”
means the Uniform Commercial Code as in effect from time to time in the State of New York.

 

“Unfunded
Advances/Participations” means (a) with respect to the Administrative Agent, the aggregate amount, if any (i) made available
to any Borrower on the assumption that each Lender has made available to the Administrative Agent such Lender’s share of
the applicable Borrowing available to the Administrative Agent as contemplated by Section 2.12(b) and (ii) with respect
to which a corresponding amount shall not in fact have been returned to the Administrative Agent by the Borrowers or made available
to the Administrative Agent by any such Lender and (b) with respect to any L/C Issuer, the aggregate amount, if any, of amounts
drawn under Letters of Credit in respect of which a Revolving Lender shall have failed to make Revolving Loans or L/C Advances
to reimburse such L/C Issuer pursuant to Section 2.03(c).

 

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

 

“Unrestricted
Subsidiary” means (a) any Subsidiary of the Company designated by the Company as an Unrestricted Subsidiary pursuant
to Section 7.17 subsequent to the Closing Date and (b) each Subsidiary formed or acquired by an existing Unrestricted Subsidiary
previously designated by the Company as provided in preceding clause (a). Notwithstanding the foregoing, in no circumstances
shall any Borrower or Lux Intermediate Holdco be an Unrestricted Subsidiary.

 

“U.S. Collateral
Document” means any Collateral Document other than the Foreign Collateral Documents (and including, for the avoidance
of doubt, the U.S. Security Agreement and any Collateral Document providing for a pledge by a Domestic Loan Party of up to 65%
of

 

    - 63 -

     

    

the Equity Interests and/or CPECs in (or
promissory notes evidencing loans to) any First Tier Foreign Subsidiary or Foreign Holdco).

 

“U.S. Security
Agreement” means the security and pledge agreement, dated as of the Closing Date, executed in favor of the Administrative
Agent and the other secured parties described therein by each of the Loan Parties party thereto substantially in the form of Exhibit
1.01(c).

 

“U.S. Subsidiary”
means any Subsidiary that is organized under the laws of any state of the United States or the District of Columbia.

 

“Voting Stock”
means, with respect to any Person, Equity Interests issued by such Person the holders of which are ordinarily, in the absence of
contingencies, entitled to vote for the election of directors (or persons performing similar functions) of such Person, even though
the right so to vote has been suspended by the happening of such a contingency. For purposes of clarification, Indebtedness which
by its terms is convertible into Equity Interests is not “Voting Stock”.

 

“Weighted
Average Life to Maturity” means, when applied to any Indebtedness at any date, the number of years obtained by dividing:
(a) the sum of the products obtained by multiplying (i) the amount of each then remaining installment, sinking fund, serial maturity
or other required payments of principal, including payment at final maturity, in respect thereof, by (ii) the number of years (calculated
to the nearest one-twelfth) that will elapse between such date and the making of such payment; by (b) the then outstanding principal
amount of such Indebtedness.

 

“Wholly Owned
Subsidiary” means any Person 100% of whose Equity Interests are at the time owned by the Parent directly or indirectly
through other Persons 100% of whose Equity Interests are at the time owned, directly or indirectly, by the Parent.

 

1.02Other Interpretive Provisions.

 

With reference to this
Agreement and each other Loan Document, unless otherwise specified herein or in such other Loan Document:

 

(a)The definitions
of terms herein shall apply equally to the singular and plural forms of the terms defined. Whenever the context may require, any
pronoun shall include the corresponding masculine, feminine and neuter forms. The words “include”, “includes”
and “including” shall be deemed to be followed by the phrase “without limitation”. The word “will”
shall be construed to have the same meaning and effect as the word “shall”. Unless the context requires otherwise,
(i) any definition of or reference to any agreement, instrument or other document (including any Organization Document) shall be
construed as referring to such agreement, instrument or other document as from time to time amended, supplemented or otherwise
modified (subject to any restrictions on such amendments, supplements or modifications set forth herein or in any other Loan Document),
(ii) any reference herein to any Person shall be construed to include such Person’s successors and permitted assigns, (iii)
the

 

    - 64 -

     

    

words “hereto”, “herein”,
“hereof” and “hereunder”, and words of similar import when used in any Loan Document, shall
be construed to refer to such Loan Document in its entirety and not to any particular provision thereof, (iv) all references in
a Loan Document to Articles, Sections, Exhibits and Schedules shall be construed to refer to Articles and Sections of, and Exhibits
and Schedules to, the Loan Document in which such references appear, (v) any reference to any law shall include all statutory and
regulatory provisions consolidating, amending, replacing or interpreting such law and any reference to any law or regulation shall,
unless otherwise specified, refer to such law or regulation as amended, modified or supplemented from time to time, and (vi) the
words “asset” and “property” shall be construed to have the same meaning and effect and to
refer to any and all tangible and intangible assets and properties, including cash, securities, accounts and contract rights.

 

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

 

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

 

1.03Accounting Terms.

 

(a)Generally.
Except as otherwise specifically prescribed herein, all accounting terms not specifically or completely defined herein shall be
construed in conformity with, and all financial data (including financial ratios and other financial calculations) required to
be submitted pursuant to this Agreement shall be prepared in conformity with, GAAP applied on a consistent basis, as in effect
from time to time; provided, however, that calculations of Attributable Indebtedness under any Synthetic Lease or
the implied interest component of any Synthetic Lease shall be made by the Company in accordance with accepted financial practice
and consistent with the terms of such Synthetic Lease. Notwithstanding the foregoing, for purposes of determining compliance with
any covenant (including the computation of any financial covenant) contained herein, Indebtedness of the Loan Parties and their
Restricted Subsidiaries shall be deemed to be carried at 100% of the outstanding principal amount thereof, and the effects of FASB
ASC 825 on financial liabilities shall be disregarded.

 

(b)Changes in
GAAP. Except to the extent disclosed in the footnotes to the financial statements delivered pursuant to Section 7.01,
the Company will provide a written summary of material changes in GAAP applicable to it and in the consistent application thereof
with each annual and quarterly Compliance Certificate delivered in accordance with Section 7.02(b). If at any time
any change in GAAP would affect the computation of any financial ratio or requirement set forth in any Loan Document, and either
the Company or the Required Lenders shall so request, the Administrative Agent, the Lenders and the Company shall negotiate in
good faith to amend such ratio or requirement to preserve the original intent thereof in light of such change in GAAP (which agreement
shall be subject to the approval of the Required Lenders); provided that, until so amended, (i) such ratio or requirement
shall continue to be computed in

 

    - 65 -

     

    

accordance with GAAP prior to such change
therein and (ii) the Company shall provide to the Administrative Agent and the Lenders financial statements and other documents
required under this Agreement or as reasonably requested hereunder setting forth a reconciliation between calculations of such
ratio or requirement made before and after giving effect to such change in GAAP. Notwithstanding the foregoing, whenever in this
Agreement it is necessary to determine whether a lease is a Capital Lease or an operating lease, such determination shall be made
on the basis of GAAP as in effect on the Closing Date.

 

(c)Calculations
of Financial Covenants; Pro Forma Basis. Notwithstanding the above, the parties hereto acknowledge and agree that:

 

(i)all
calculations of (x) the financial covenant in Section 8.11 for purposes of determining compliance with Section 8.11
as a “financial maintenance covenant” (as opposed to testing the permissibility of a specified transaction hereunder)
and (y) the Consolidated Net Secured Leverage Ratio and the Consolidated Net Leverage Ratio for purposes of determining the Applicable
Rate, shall in each case be made on a Pro Forma Basis with respect to (i) all Dispositions of all of the Equity Interests of, or
all or a substantial portion of the assets of, a Restricted Subsidiary, (ii) all Dispositions of a line of business or division
of any Loan Party or Restricted Subsidiary, (iii) all Permitted Acquisitions and other acquisitions permitted hereunder, and (iv)
any designation of a Restricted Subsidiary as an Unrestricted Subsidiary (or of an Unrestricted Subsidiary as a Restricted Subsidiary),
in each case, occurring during the applicable period; and

 

(ii)for
purposes of determining if a specified transaction is permitted by this Agreement, all calculations of the financial covenant in
Section 8.11 (irrespective of whether such covenant is otherwise then applicable) and of the Consolidated Net Secured
Leverage Ratio, of the Consolidated Net Leverage Ratio Test and of the Consolidated Net Leverage Ratio shall be made on a Pro Forma
Basis with respect to (i) all Dispositions of all of the Equity Interests of, or all or a substantial portion of the assets of,
a Restricted Subsidiary, (ii) all Dispositions of a line of business, division of any Loan Party or Restricted Subsidiary, or any
Immaterial Subsidiary, (iii) all Permitted Acquisitions, (iv) all incurrences of Indebtedness pursuant to Section 8.03(f),
(v) all increases in the Commitments pursuant to Section 2.01(d), (vi) all Restricted Payments pursuant to Section 8.06(g)
and (h), (vii) all designations of a Subsidiary as an Unrestricted Subsidiary (or of an Unrestricted Subsidiary as a Restricted
Subsidiary) and (viii) all payments, prepayments, redemptions, acquisitions for value, refunds, refinancings or exchanges of Subordinated
Debt pursuant to Section 8.12(b)(iv), in each case, occurring during the applicable period and occurring after the end of
the applicable period but on or prior to the date of the applicable specified transaction.

 

1.04Rounding.

 

Any financial ratios
required to be maintained by the Loan Parties pursuant to this Agreement shall be calculated by dividing the appropriate component
by the other component, carrying the result to one place more than the number of places by which such ratio is expressed

 

    - 66 -

     

    

herein and rounding the result up or down
to the nearest number (with a rounding-up if there is no nearest number).

 

1.05Exchange Rates; Currency Equivalents.

 

(a)The Administrative
Agent or the Applicable L/C Issuer, as applicable, shall determine the Spot Rates as of each Revaluation Date to be used for calculating
Dollar Equivalent amounts of Credit Extensions and Outstanding Amounts denominated in Alternative Currencies. Such Spot Rates shall
become effective as of such Revaluation Date and shall be the Spot Rates employed in converting any amounts between the applicable
currencies until the next Revaluation Date to occur. Except for purposes of financial statements delivered by Loan Parties hereunder
or calculating financial covenants hereunder or except as otherwise provided herein, the applicable amount of any currency (other
than Dollars) for purposes of the Loan Documents shall be such Dollar Equivalent amount as so determined by the Administrative
Agent or the Applicable L/C Issuer, as applicable.

 

(b)Wherever in
this Agreement in connection with a Borrowing, conversion, continuation or prepayment of a Eurocurrency Rate Loan or the issuance,
amendment or extension of a Letter of Credit, an amount, such as a required minimum or multiple amount, is expressed in Dollars,
but such Borrowing, Eurocurrency Rate Loan or Letter of Credit is denominated in an Alternative Currency, such amount shall be
the relevant Alternative Currency Equivalent of such Dollar amount (rounded to the nearest unit of such Alternative Currency, with
0.5 of a unit being rounded upward), as determined by the Administrative Agent or the Applicable L/C Issuer, as the case may be.

 

1.06Additional Alternative Currencies.

 

(a)The Company
may from time to time request that Revolving Loans constituting Eurocurrency Rate Loans be made and/or Letters of Credit be issued
in a currency other than those specifically listed in the definition of “Alternative Currency”; provided that
such requested currency is a lawful currency (other than Dollars) that is readily available and freely transferable and convertible
into Dollars. In the case of any such request with respect to the making of Eurocurrency Rate Loans, such request shall be subject
to the approval of the Administrative Agent and each Lender that would be obligated to make Credit Extensions denominated in such
requested currency; and in the case of any such request with respect to the issuance of Letters of Credit, such request shall be
subject to the approval of the Administrative Agent and the Applicable L/C Issuer.

 

(b)Any such request
shall be made to the Administrative Agent not later than 11:00 a.m., 15 Business Days prior to the date of the desired Credit Extension
(or such other time or date as may be agreed by the Administrative Agent and, in the case of any such request pertaining to Letters
of Credit, the Applicable L/C Issuer, in its or their sole discretion). In the case of any such request pertaining to Eurocurrency
Rate Loans, the Administrative Agent shall promptly notify each Lender thereof; and in the case of any such request pertaining
to Letters of Credit, the Administrative Agent shall promptly notify the Applicable L/C Issuer. Each Lender (in the case of any
such request pertaining to Eurocurrency Rate Loans) or the Applicable L/C

 

    - 67 -

     

    

Issuer (in the case of a request pertaining
to Letters of Credit) shall notify the Administrative Agent, not later than 11:00 a.m., ten Business Days after receipt of such
request whether it consents, in its sole discretion, to the making of Eurocurrency Rate Loans or the issuance of Letters of Credit,
as the case may be, in such requested currency.

 

(c)Any failure
by a Lender or the Applicable L/C Issuer, as the case may be, to respond to such request within the time period specified in the
preceding sentence shall be deemed to be a refusal by such Lender or the Applicable L/C Issuer, as the case may be, to permit Eurocurrency
Rate Loans to be made or Letters of Credit to be issued in such requested currency. If the Administrative Agent and all the Lenders
that would be obligated to make Credit Extensions denominated in such requested currency consent to making Eurocurrency Rate Loans
in such requested currency, the Administrative Agent shall so notify the Company and such currency shall thereupon be deemed for
all purposes to be an Alternative Currency hereunder for purposes of any Borrowings of Eurocurrency Rate Loans; and if the Administrative
Agent and the Applicable L/C Issuer consent to the issuance of Letters of Credit in such requested currency, the Administrative
Agent shall so notify the Company and such currency shall thereupon be deemed for all purposes to be an Alternative Currency hereunder
for purposes of any Letter of Credit issuances. If the Administrative Agent shall fail to obtain the requisite consent to any request
for an additional currency under this Section 1.06, the Administrative Agent shall promptly so notify the Company.

 

1.07Change of Currency.

 

(a)Each obligation
of any Loan Party to make a payment denominated in the national currency unit of any member state of the European Union that adopts
the Euro as its lawful currency after the date hereof shall be redenominated into Euro at the time of such adoption (in accordance
with the EMU Legislation). If, in relation to the currency of any such member state, the basis of accrual of interest expressed
in this Agreement in respect of that currency shall be inconsistent with any convention or practice in the London interbank market
for the basis of accrual of interest in respect of the Euro, such expressed basis shall be replaced by such convention or practice
with effect from the date on which such member state adopts the Euro as its lawful currency; provided that if any Borrowing
in the currency of such member state is outstanding immediately prior to such date, such replacement shall take effect, with respect
to such Borrowing, at the end of the then current Interest Period.

 

(b)Each provision
of this Agreement shall be subject to such reasonable changes of construction as the Administrative Agent may from time to time
specify to be appropriate to reflect the adoption of the Euro by any member state of the European Union and any relevant market
conventions or practices relating to the Euro.

 

(c)Each provision
of this Agreement also shall be subject to such reasonable changes of construction as the Administrative Agent may from time to
time specify to be appropriate to reflect a change in currency of any other country and any relevant market conventions or practices
relating to the change in currency.

 

    - 68 -

     

    

1.08Times of Day.

 

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

 

1.09Letter of Credit Amounts.

 

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

 

1.10Guaranty and Security Principles.

 

The Collateral Documents
and each other guarantee and security document delivered or to be delivered under this Agreement and any obligation to enter into
such document or obligation by any Loan Party which is not a Domestic Loan Party shall be subject in all respects to the Guaranty
and Security Principles set forth in Exhibit 1.10.

 

1.11Available Amount Transactions.

 

If more than one action
occurs on any given date the permissibility of the taking of which is determined hereunder by reference to the amount of the Available
Amount immediately prior to the taking of such action, the permissibility of the taking of each such action shall be determined
independently and in no event may any two or more such actions be treated as occurring simultaneously.

 

1.12Limited Condition Acquisitions.

 

Notwithstanding any other provision of
any Loan Document:

 

(a)With respect
to any Limited Condition Acquisition only (i), (A) any requirement in the definition of Permitted Acquisition or in Section
8.02(o) or 8.03(f)(ii) that no Default or Event of Default exists or would result from any event or specified transaction,
(B) any calculation of Consolidated Total Assets for the purposes of Section 8.02(o) or 8.03(p) and (C) the Consolidated
Net Leverage Ratio Test specified in Section 8.03(f)(i) shall, in each case, at the election of the Company, be determined
as of the date the definitive agreements for such Limited Condition Acquisition are entered into and (ii) the representations and
warranties required to be made pursuant to the definition of Permitted Acquisition shall, at the election of the Company, be limited
to the Specified Representations.

 

(b)If the Company
has made an election under clause (a)(i) of this Section 1.12 for any Limited Condition Acquisition, then in connection
with any subsequent calculation of any

 

    - 69 -

     

    

ratio or basket with respect to the incurrence
of Indebtedness or Liens, or the making of Restricted Payments, mergers, Dispositions, Investments, the prepayment, redemption,
purchase, defeasance or other satisfaction of Subordinated Debt, or the designation of an Unrestricted Subsidiary on or following
the relevant date of determination and prior to the earlier of the date on which such Limited Condition Acquisition is consummated
or the date that the definitive agreement for such Limited Condition Acquisition is terminated or expires without consummation
of such Limited Condition Acquisition, any such ratio or basket shall be calculated on a Pro Forma Basis assuming such Limited
Condition Acquisition and other transactions in connection therewith (including any incurrence of Indebtedness and the use of proceeds
thereof) have been consummated except (solely in the case of any ratio or basket with respect to the making of Restricted Payments
or the prepayment, redemption, purchase, defeasance or other satisfaction of Subordinated Debt) to the extent such calculation
on a Pro Forma Basis would result in a lower ratio or increased basket availability (as applicable) than if calculated without
giving effect to such Limited Condition Acquisition and the other transactions in connection therewith.

 

Article
II

THE COMMITMENTS AND CREDIT EXTENSIONS

 

2.01Revolving Loans, Term Loans
and Incremental Term Loans.

 

(a)Revolving
Loans. Subject solely to the terms and conditions set forth herein, each Revolving Lender severally agrees to make loans (each
such loan, a “Revolving Loan”) to the Company in Dollars or in one or more Alternative Currencies from time
to time on any Business Day during the Availability Period for the Revolving Facility in an aggregate amount not to exceed at any
time outstanding the amount of such Revolving Lender’s Revolving Commitment; provided, however, that after
giving effect to any Borrowing of Revolving Loans, (i) the Total Revolving Outstandings shall not exceed the Aggregate Revolving
Commitments, (ii) the aggregate Outstanding Amount of the Revolving Loans of any Revolving Lender, plus such Revolving Lender’s
Applicable Revolving Percentage multiplied by the Outstanding Amount of all L/C Obligations, shall not exceed such Revolving Lender’s
Revolving Commitment and (iii) the Outstanding Amount of all Revolving Loans denominated in Alternative Currencies shall not exceed
the Alternative Currency Sublimit. Within the limits of each Revolving Lender’s Revolving Commitment, and subject to the
other terms and conditions hereof, the Company may borrow under this Section 2.01(a), prepay under Section 2.05,
and reborrow under this Section 2.01(a). Revolving Loans may be Base Rate Loans or Eurocurrency Rate Loans, as further
provided herein.

 

(b)(i) Term
A-1 Loans. Subject solely to the terms and conditions set forth herein, each Term A-1 Lender severally agrees to make to the
Designated Borrower 1 one Term A-1 Loan on the Closing Date in Dollars and in an aggregate principal amount equal to its Term A-1
Commitment as in effect on the Closing Date. Amounts prepaid or repaid in respect of the Term A-1 Loans may not be reborrowed.
Term A-1 Loans may be Base Rate Loans or Eurocurrency Rate Loans, as further provided herein. Each Borrowing of Term A-1 Loans
shall consist of

 

    - 70 -

     

    

Term A-1 Loans made simultaneously by the
Term A-1 Lenders in accordance with their respective Applicable Percentages with respect to the Term A-1 Facility.

 

(ii) Term A-2 Loans.
Subject solely to the terms and conditions set forth herein, each Term A-2 Lender severally agrees to make to the Designated Borrower
2 one Term A-2 Loan on the Closing Date in Dollars and in an aggregate principal amount equal to its Term A-2 Commitment as in
effect on the Closing Date. Amounts prepaid or repaid in respect of the Term A-2 Loans may not be reborrowed. Term A-2 Loans may
be Base Rate Loans or Eurocurrency Rate Loans, as further provided herein. Each Borrowing of Term A-2 Loans shall consist of Term
A-2 Loans made simultaneously by the Term A-2 Lenders in accordance with their respective Applicable Percentages with respect to
the Term A-2 Facility.

 

(c)(i) Term
B-1 Loans. Subject solely to the terms and conditions set forth herein, each Term B-1 Lender severally agrees to make to the
Company one Term B-1 Loan on the Closing Date in Dollars and in an aggregate principal amount equal to its Term B-1 Commitment
as in effect on the Closing Date. Amounts prepaid or repaid in respect of the Term B-1 Loans may not be reborrowed. Term B-1 Loans
may be Base Rate Loans or Eurocurrency Rate Loans, as further provided herein. Each Borrowing of Term B-1 Loans shall consist of
Term B-1 Loans made simultaneously by the Term B-1 Lenders in accordance with their respective Applicable Percentages with respect
to the Term B-1 Facility.

 

(ii)Term B-2
Loans. Subject solely to the terms and conditions set forth herein, each Term B-2 Lender severally agrees to make to the Designated
Borrower 1 one Term B-2 Loan on the Closing Date in Dollars and in an aggregate principal amount equal to its Term B-2 Commitment
as in effect on the Closing Date. Amounts prepaid or repaid in respect of the Term B-2 Loans may not be reborrowed. Term B-2 Loans
may be Base Rate Loans or Eurocurrency Rate Loans, as further provided herein. Each Borrowing of Term B-2 Loans shall consist of
Term B-2 Loans made simultaneously by the Term B-2 Lenders in accordance with their respective Applicable Percentages with respect
to the Term B-2 Facility.

 

(c)Incremental
Term Loans. Subject to Section 2.01(d), on the effective date of any applicable Incremental Term Loan Agreement,
each Lender party thereto severally agrees to make its portion of a term loan (each, an “Incremental Term Loan”)
in a single advance to the Company in Dollars in the amount of its Incremental Term Loan Commitment as set forth in such Incremental
Term Loan Agreement. Amounts repaid on the Incremental Term Loans may not be reborrowed. The Incremental Term Loans may consist
of Base Rate Loans or Eurocurrency Rate Loans, as further provided herein.

 

(d)Increases
of the Aggregate Revolving Commitments; Institution of Incremental Term Loans. The Company shall have the right, upon at least
ten (10) Business Days’ prior written notice to the Administrative Agent, to increase (in one or more increases) the Aggregate
Revolving Commitments or borrow one or more Incremental Term Loans (which may, at the option of the Company, consist of an increase
to an existing Class of outstanding Term Loans or a new Class of Term Loans) at any time prior to the Latest Maturity Date. Any
incurrence of Incremental Term Loans pursuant to Section 2.01(c) and any increase to the Aggregate

 

    - 71 -

     

    

Revolving Commitment pursuant to this Section
2.01(d) shall be subject to satisfaction of the following conditions precedent:

 

(i)the
sum of (A) the aggregate amount of all increases in the Aggregate Revolving Commitments pursuant to this Section 2.01(d)
plus (B) the aggregate original principal amount of all Incremental Term Loans made pursuant to Section 2.01(c)
shall not exceed the sum of (x) $500,000,000 plus (y) the principal amount of Loans and/or Aggregate Revolving Commitments
that, on a Pro Forma Basis at the time of determination, would not cause the Consolidated Net Secured Leverage Ratio to be greater
than 4.25 to 1.0. (for this purpose, calculated as if any increase in the Aggregate Revolving Commitments were fully drawn and
determined without regard to the netting of any cash proceeds from the increase in the Aggregate Revolving Commitments or the incurrence
of Incremental Term Loans);

 

(ii)subject
to Section 2.01(g), no Default shall have occurred and be continuing on the date on which such increase or borrowing is
to become effective;

 

(iii)subject
to Section 2.01(g), the representations and warranties set forth in Article VI shall be true and correct in all material
respects on and as of the date on which such increase or borrowing is to become effective, except to the extent that such representations
and warranties specifically refer to an earlier date, in which case they shall be true and correct as of such earlier date in all
material respects;

 

(iv)such
increase or borrowing shall be in a minimum amount of $10,000,000 and in integral multiples of $1,000,000 in excess thereof (or
such lesser amounts (a) as shall be remaining under subsection (d)(i) above or (b) as the Administrative Agent may agree);

 

(v)such
requested increase or borrowing shall only be effective upon receipt by the Administrative Agent of (A) additional commitments
in a corresponding amount of such requested increase or borrowing from, at the sole discretion of the Company, one or more existing
Lenders and/or one or more other lenders that qualify as an Eligible Assignee (other than the Parent or any of its Subsidiaries)
(it being understood and agreed that no existing Lender shall be required to provide an additional commitment) and (B) documentation
from each institution providing an additional commitment evidencing its commitment and its obligations under this Agreement in
form and substance reasonably satisfactory to the Administrative Agent (which documentation shall take the form of Incremental
Term Loan Agreements, in the case of a borrowing of an Incremental Term Loan, and the Re-Allocation Agreement by execution and
delivery of a joinder thereto or other arrangement reasonably acceptable to the Administrative Agent);

 

(vi)the
Administrative Agent shall have received (A) all documents (including resolutions of the board of directors of the Company and
the other Loan Parties) it may reasonably request relating to the corporate or other necessary authority for, and the validity
of, such increase in the Aggregate Revolving Commitments or borrowing of such Incremental Term Loan, and any other matters relevant
thereto, all in form and substance

 

    - 72 -

     

    

reasonably satisfactory to the
Administrative Agent and (B) reaffirmation agreements and/or such amendments to the Collateral Documents as may be reasonably requested
by the Administrative Agent in order to ensure that any Incremental Term Loans and/or increase in the Aggregate Revolving Commitments
are provided with the benefit of the applicable Loan Documents;

 

(vii)if
the reallocation, if any, of outstanding Loans among the Lenders in connection with such increase results in the prepayment of
Eurocurrency Rate Loans on a day which is not the last day of an Interest Period with respect thereto, the Company shall have paid
to each affected Lender such amounts, if any, as may be required pursuant to Section 3.05;

 

(viii)subject
to clause (xvi) below, the maturity date for any Incremental Term Loan shall not be earlier than the Latest Maturity Date of any
Term Loan at such time;

 

(ix)subject
to clause (xvi) below, the Weighted Average Life to Maturity for any Incremental Term Loan shall not be shorter than the longest
then-remaining Weighted Average Life to Maturity of any Term Loan;

 

(x)subject
to clause (xvi) below, the interest rate margins and, subject to Section 2.01(d)(ix), the amortization schedule applicable
to any Incremental Term Loan shall be determined by the Company and Lenders providing such Incremental Term Loan; provided,
however, that if the Effective Yield applicable to such Incremental Term Loan is more than 0.50% higher than the corresponding
Effective Yield for the existing Term B-1 Loans or Term B-2 Loans, the Applicable Rate with respect to the existing Term B-1 Loans
or Term B-2 Loans, as the case may be, shall be increased by an amount equal to the difference between the Effective Yield with
respect to the Incremental Term Loan and the corresponding Effective Yield with respect to Term B-1 Loans or Term B-2 Loans, as
applicable, minus 0.50%;

 

(xi)subject
to Section 2.01(g), the Administrative Agent shall have received a Pro Forma Compliance Certificate demonstrating that the
Loan Parties are in compliance with (i) Section 2.01(d)(i) (if applicable) and (ii) the financial covenant set forth in
Section 8.11 (irrespective of whether such covenant is otherwise then applicable) recomputed as of the end of the period
of the four (4) fiscal quarters most recently ended for which financial statements have been (or are required to have been) delivered
pursuant to Section 7.01(a) or 7.01(b) after giving effect to any Incremental Term Loan or increase to the Aggregate
Revolving Commitments on a Pro Forma Basis (for this purpose, calculated as if any increase in the Aggregate Revolving Commitments
were fully drawn and determined without regard to the netting of any cash proceeds from the increase in the Aggregate Revolving
Commitments or the incurrence of Incremental Term Loans);

 

(xii)the
Incremental Term Loans shall rank (A) if incurred by the Company, pari passu in right of payment with the Term Loans (other than
the Term A-1 Loans, the Term A-2 Loans and the Term B-2 Loans, and any Refinancing Term Loans, Extended Term Loans or Replacement
Term Loans incurred by any Designated Borrower with respect thereto) and the Liens securing such Incremental Term Loans shall rank
pari passu with the Liens securing the Term Facilities (other than the Term A-1 Loans, the Term A-2 Loans and the Term B-2 Loans,
and any Refinancing Term Loans, Extended

 

    - 73 -

     

    

Term Loans and Replacement Term
Loans incurred by any Designated Borrower with respect thereto) and (B) if incurred by a Designated Borrower, pari passu in right
of payment with the Term A-1 Loans, the Term A-2 Loans and the Term B-2 Loans, and any Refinancing Term Loans, Extended Term Loans
or Replacement Term Loans incurred by any Designated Borrower with respect thereto and the Liens securing such Incremental Term
Loans shall rank pari passu with the Liens securing the Term A-1 Loans, the Term A-2 Loans and the Term B-2 Loans, and any Refinancing
Term Loans, Extended Term Loans and Replacement Term Loans incurred by any Designated Borrower with respect thereto;

 

(xiii)no
Incremental Term Loan (other than Incremental Term Loans made to any Designated Borrower) or increase in the Aggregate Revolving
Commitments may be guaranteed by any Person other than a Domestic Loan Party, or secured by any asset that does not constitute
Collateral securing only the Direct U.S. Loan Party Obligations;

 

(xiv)no
Incremental Term Loan made to a Designated Borrower may be guaranteed by any Person other than a Domestic Loan Party or a Foreign
Loan Party, or secured by any asset that does not constitute Collateral securing the Foreign Obligations and guarantees thereof
by the Domestic Loan Parties;

 

(xv)no
Incremental Term Loans (other than with the proceeds of Credit Agreement Refinancing Indebtedness in respect thereof) (x) incurred
by a Designated Borrower may be optionally or mandatorily prepaid prior to the date on which all Term A-1 Loans, Term A-2 Loans
and Term B-2 Loans, and all other Extended Term Loans, Refinancing Term Loans and Replacement Term Loans incurred by a Designated
Borrower, in each case with an earlier final stated maturity are repaid in full, unless such optional or mandatory prepayment is
accompanied by a pro rata optional or mandatory prepayment of such other Classes of Term Loans and (y) not described in
preceding clause (x) may be optionally or mandatorily prepaid prior to the date on which all such Term Loans with an earlier final
stated maturity are repaid in full, unless such optional or mandatory prepayment is accompanied by a pro rata optional or
mandatory prepayment of such other Classes of Term Loans; and

 

(xvi)any
Incremental Term Loan that is implemented by increasing the amount of then-existing Term Loans of any Class (rather than by implementing
a new Class of Term Loans) shall have identical terms to such then-existing Class of Term Loans.

 

(e)Special Obligations
in Connection with Increases in Aggregate Revolving Commitments and Existing Term Loans. Upon the effectiveness of any increase
in the Aggregate Revolving Commitments pursuant to Section 2.01(d) above, (A) the Applicable Percentages of the
Revolving Lenders shall be automatically adjusted to give effect to such

 

    - 74 -

     

    

increase, provided that the amount
of each Lender’s Revolving Commitments (other than a Lender whose Revolving Commitments shall have been increased in connection
with such increase) shall remain unchanged and (B) the Company, the Administrative Agent and the Lenders will use all commercially
reasonable efforts to assign and assume outstanding Revolving Loans of the affected category to conform the respective amounts
thereof held by each Revolving Lender to the Applicable Percentages as so adjusted, it being understood that the parties hereto
shall use commercially reasonable efforts to avoid prepayment or assignment of any affected Loan that is a Eurocurrency Rate Loan
on a day other than the last day of the Interest Period applicable thereto. For the avoidance of doubt, the Revolving Commitment
added pursuant to any increase in the Aggregate Revolving Commitment pursuant to Section 2.01(d) shall be deemed a part
of the Revolving Facility for all purposes under this Agreement. On the date of the making of any Incremental Term Loans that will
be added to any then-existing Class of Term Loans, and notwithstanding anything to the contrary set forth in Sections 2.02
or 2.08, such Incremental Term Loans shall be added to (and constitute part of) each Borrowing of outstanding Term Loans
of the same Type and with the same Interest Period (if applicable) of such Class on a pro rata basis (based on the relative sizes
of the various outstanding Borrowings), so that each Term Lender providing such Incremental Term Loans will participate proportionally
in each then outstanding Borrowing of Term Loans of the same Type and with the same Interest Period (if applicable) of the applicable
Class.

 

(f)Incremental
Amendments. If any amendment to this Agreement is required to give effect to any increase in the Aggregate Revolving Commitments
or the borrowing of an Incremental Term Loan pursuant to this Section 2.01, such amendment shall be effective if executed
by the Loan Parties, each Lender providing an Incremental Term Loan Commitment or an increase to the Aggregate Revolving Commitments
and the Administrative Agent (each such amendment is a “Commitment Increase Amendment”) and each Lender hereby
expressly authorizes the Administrative Agent to enter into such Commitment Increase Amendment.

 

(g)Limited Condition
Acquisitions. Notwithstanding the foregoing provisions of Section 2.01(d), (e) or (f) or any other
provision of any Loan Document:

 

(i)If
the proceeds of any Incremental Term Loans are intended to be applied to finance a Limited Condition Acquisition, (A) the requirements
of clauses (ii) and (xi) of Section 2.01(d) above shall, at the election of the Company, be determined as of the date
the definitive agreements for such Limited Condition Acquisition are entered into, (B) the representations and warranties
required to be made pursuant to clause (iii) of Section 2.01(d) above shall, at the election of the Company, be limited
to the Specified Representations and (C) to the extent that such Incremental Term Loans are to be incurred in reliance on clause
(d)(i)(y) of Section 2.01(d) above, the Consolidated Net Secured Leverage Ratio test specified therein shall, at the election
of the Company, be determined as of the date the definitive agreements for such Limited Condition Acquisition are entered into.

 

(ii)If
the Company has made an election under clause (i)(C) of this Section 2.01(g) for any Limited Condition Acquisition, then
in connection with any subsequent

 

    - 75 -

     

    

calculation of any ratio with
respect to the incurrence of Indebtedness or Liens, or the making of Restricted Payments, mergers, Dispositions, Investments, the
prepayment, redemption, purchase, defeasance or other satisfaction of Subordinated Debt, or the designation of an Unrestricted
Subsidiary on or following the relevant date of determination and prior to the earlier of the date on which such Limited Condition
Acquisition is consummated or the date that the definitive agreement for such Limited Condition Acquisition is terminated or expires
without consummation of such Limited Condition Acquisition, any such ratio shall be calculated on a Pro Forma Basis assuming such
Limited Condition Acquisition and other transactions in connection therewith (including any incurrence of Indebtedness and the
use of proceeds thereof) have been consummated except (solely in the case of any ratio with respect to the making of Restricted
Payments or the prepayment, redemption, purchase, defeasance or other satisfaction of Subordinated Debt) to the extent such calculation
on a Pro Forma Basis would result in a lower ratio than if calculated without giving effect to such Limited Condition Acquisition
and the other transactions in connection therewith.

 

2.02Borrowings, Conversions and
Continuations of Loans.

 

(a)Each Borrowing,
each conversion of Loans under a given Facility from one Type to the other, and each continuation of Eurocurrency Rate Loans shall
be made upon the Company’s irrevocable notice to the Administrative Agent, which may be given by telephone. Each such notice
must be received by the Administrative Agent not later than 11:00 a.m. (i) three Business Days prior to the requested date of any
Borrowing of, conversion to or continuation of, Eurocurrency Rate Loans denominated in Dollars or of any conversion of Eurocurrency
Rate Loans denominated in Dollars to Base Rate Loans (or, in the case of any notice of any Borrowing of Term Loans to be incurred
on the Closing Date not later than 9:00 a.m. on the requested date of such Borrowing), (ii) four Business Days (or five Business
Days in the case of a Special Notice Currency) prior to the requested date of any Borrowing or continuation of Eurocurrency Rate
Loans denominated in Alternative Currencies, and (iii) on the requested date of any Borrowing of Base Rate Loans. Each telephonic
notice by the Company pursuant to this Section 2.02(a) must be confirmed promptly by delivery to the Administrative
Agent of a written Loan Notice, appropriately completed and signed by a Responsible Officer of the Company. Each Borrowing of,
conversion to or continuation of Eurocurrency Rate Loans shall be in a principal amount of $1,000,000 (or the Dollar Equivalent
thereof, in the case of Alternative Currencies) or a whole multiple of $1,000,000 (or the Dollar Equivalent thereof, in the case
of Alternative Currencies) in excess thereof. Except as provided in Section 2.03(c), each Borrowing of or conversion to
Base Rate Loans shall be in a principal amount of $1,000,000 or a whole multiple of $500,000 in excess thereof. Each Loan Notice
(whether telephonic or written) shall specify (i) whether the Company is requesting a Borrowing, a conversion of Loans from one
Type to the other, or a continuation of Eurocurrency Rate Loans, (ii) the requested date of the Borrowing, conversion or continuation,
as the case may be (which shall be a Business Day), (iii) the principal amount of Loans to be borrowed, converted or continued,
(iv) the Type of Loans to be borrowed or to which existing Loans are to be converted and the applicable Facility and Class to which
such Loans belong, (v) if applicable, the duration of the Interest Period with respect thereto, and (vi) in the case of any
Revolving Loans, the

 

    - 76 -

     

    

currency of the Loans to be borrowed. If
the Company fails to specify a currency in a Loan Notice requesting a Borrowing of any Revolving Loans, then the Loans so requested
shall be made in Dollars. If the Company fails to specify a Type of a Loan in a Loan Notice or if the Company fails to give a timely
notice requesting a conversion or continuation, then the applicable Loans shall be made as, or converted to, (i) in the case of
Term Loans maintained as Base Rate Loans and Revolving Loans denominated in Dollars, Base Rate Loans or (ii) in the case of any
other Loans, Eurocurrency Rate Loans with an Interest Period of one month. Any such automatic conversion to Base Rate Loans or
continuation of Eurocurrency Rate Loans shall be effective as of the last day of the Interest Period then in effect with respect
to the applicable Eurocurrency Rate Loans. If the Company requests a Borrowing of, conversion to, or continuation of Eurocurrency
Rate Loans in any Loan Notice, but fails to specify an Interest Period, it will be deemed to have specified an Interest Period
of one month. No Loan may be converted into or continued as a Loan denominated in a different currency, but instead (and only in
the case of the Revolving Facility) must be prepaid in the original currency of such Loan and reborrowed in the other currency.

 

(b)Following receipt
of a Loan Notice, the Administrative Agent shall promptly notify each Appropriate Lender of the amount (and, in the case of Revolving
Loans, currency) of its Applicable Percentage under the applicable Facility of the applicable Loans, and, in the case of Revolving
Loans, if no timely notice of a conversion or continuation is provided by the Company, the Administrative Agent shall notify each
Appropriate Lender of the details of any automatic conversion to Base Rate Loans or continuation of Loans denominated in a currency
other than Dollars, in each case as described in the preceding subsection. In the case of a Borrowing, each Appropriate Lender
shall make the amount of its Loan available to the Administrative Agent in Same Day Funds at the Administrative Agent’s Office
for the applicable currency not later than 1:00 p.m., in the case of any Loan denominated in Dollars, and not later than the Applicable
Time specified by the Administrative Agent in the case of any Loan in an Alternative Currency, in each case on the Business Day
specified in the applicable Loan Notice. Upon satisfaction of the applicable conditions set forth in Section 5.02 (and,
if such Borrowing is the initial Credit Extension, Section 5.01), the Administrative Agent shall make all funds so received
available to the Company or (in the case of the Term A-1 Loans, Term A-2 Loans and Term B-2 Loans) the applicable Designated Borrower,
as directed by the Company in like funds as received by the Administrative Agent by wire transfer of such funds, in each case in
accordance with instructions provided to (and reasonably acceptable to) the Administrative Agent by the Company; provided,
however, that if, on the date of a Borrowing by the Company of Revolving Loans denominated in Dollars, there are L/C Borrowings
outstanding, then the proceeds of such Borrowing, first, shall be applied to the payment in full of any such L/C Borrowings and
second, shall be made available to the Company as provided above.

 

(c)Except as otherwise
provided herein, a Eurocurrency Rate Loan may be continued or converted only on the last day of an Interest Period for such Eurocurrency
Rate Loan unless the relevant Borrower pays the amount due under Section 3.05 in connection therewith. During the existence
of an Event of Default, no Loans denominated in Dollars may be requested as, converted to or continued as Eurocurrency Rate Loans
having Interest Periods greater than one month without the consent of the Required Lenders, and the Required Lenders may demand
that

 

    - 77 -

     

    

any or all of the then outstanding Eurocurrency
Rate Loans denominated in Dollars be converted immediately to Base Rate Loans.

 

(d)The Administrative
Agent shall promptly notify the Company and the Lenders of the interest rate applicable to any Interest Period for Eurocurrency
Rate Loans upon determination of such interest rate. At any time that Base Rate Loans are outstanding, the Administrative Agent
shall notify the Company and the Lenders of any change in DBNY’s prime rate used in determining the Base Rate promptly following
the public announcement of such change.

 

(e)After giving
effect to all Borrowings, all conversions of Loans under a given Facility from one Type to the other, and all continuations of
Loans under a given Facility as the same Type, there shall not be more than 10 Interest Periods in the aggregate at any time with
respect to all Loans under all Facilities.

 

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

 

2.03Letters of Credit.

 

(a)The Letter of
Credit Commitment.

 

(i)Subject
to the terms and conditions set forth herein, (A) each L/C Issuer agrees, in reliance upon the agreements of the Lenders set forth
in this Section 2.03, (1) from time to time on any Business Day during the period from the Closing Date until the Letter
of Credit Expiration Date, to issue Letters of Credit denominated in Dollars or in one or more Alternative Currencies for the account
of the Company or any of its Restricted Subsidiaries (provided that, to the extent that any such Subsidiary is not a Domestic
Loan Party, such Letter of Credit shall be deemed an Investment in such Subsidiary and shall only be issued so long as it is permitted
under Section 8.02), and to amend or extend Letters of Credit previously issued by it, in accordance with subsection
(b) below, and (2) to honor drawings under the Letters of Credit; and (B) the Revolving Lenders severally agree to participate
in Letters of Credit issued for the account of the Company or its Restricted Subsidiaries and any drawings thereunder; provided
that after giving effect to any L/C Credit Extension with respect to any Letter of Credit, (w) the Total Revolving Outstandings
shall not exceed the Aggregate Revolving Commitments, (x) the aggregate Outstanding Amount of the Revolving Loans of any Revolving
Lender, plus such Revolving Lender’s Applicable Revolving Percentage multiplied by the Outstanding Amount of all L/C
Obligations, shall not exceed such Revolving Lender’s Revolving Commitment, (y) the Outstanding Amount of the L/C Obligations
shall not exceed the Letter of Credit Sublimit and (z) the Outstanding Amount of the L/C Obligations of any L/C Issuer shall not
exceed such L/C Issuer’s Applicable L/C Sublimit. Each request by the Company for the issuance or amendment of a Letter of
Credit shall be deemed to be a representation by the Company that the L/C Credit

 

    - 78 -

     

    

Extension so requested complies
with the conditions set forth in the proviso to the preceding sentence. Within the foregoing limits, and subject to the terms and
conditions hereof, the Company’s ability to obtain Letters of Credit shall be fully revolving, and accordingly the Company
may, during the foregoing period, obtain Letters of Credit to replace Letters of Credit that have expired or that have been drawn
upon and reimbursed.

 

(ii)No
L/C Issuer shall issue any Letter of Credit if:

 

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

 

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

 

(iii)No
L/C Issuer shall be under any obligation to issue any Letter of Credit if:

 

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

 

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

 

(C)except
as otherwise agreed by the Administrative Agent and such L/C Issuer, such Letter of Credit is in an initial stated amount less
than $100,000;

 

(D)except
as otherwise agreed by the Administrative Agent and such L/C Issuer, such Letter of Credit is to be denominated in a currency other
than Dollars or an Alternative Currency;

 

(E)such
L/C Issuer does not as of the issuance date of such requested Letter of Credit issue Letters of Credit in the requested currency;

 

    - 79 -

     

    

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

 

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

 

(iv)[reserved]

 

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

 

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

 

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

 

(i)Each
Letter of Credit shall be issued or amended, as the case may be, upon the request of the Company delivered to the Applicable L/C
Issuer (with a copy to the Administrative Agent) in the form of a Letter of Credit Application, appropriately completed and signed
by a Responsible Officer of the Company. Such Letter of Credit Application must be received by the Applicable L/C Issuer and the
Administrative Agent not later than 11:00 a.m. at least three (3) Business Days (or such later date and time as the Administrative
Agent and the Applicable L/C Issuer may agree in a particular instance in their sole discretion) prior to the proposed issuance
date or date of amendment, as the case may be. In the case of a request for an initial issuance of a Letter of Credit, such Letter
of Credit Application shall specify in form and detail reasonably satisfactory to the Applicable L/C Issuer: (A) the proposed issuance
date of the requested Letter of Credit (which shall be a Business Day); (B) the amount and currency thereof; (C) the expiry date
thereof; (D) the name and address of the beneficiary thereof; (E) the

 

    - 80 -

     

    

documents to be presented by
such beneficiary in case of any drawing thereunder; (F) the full text of any certificate to be presented by such beneficiary in
case of any drawing thereunder; (G) the purpose and nature of the requested Letter of Credit; and (H) such other matters as the
Applicable L/C Issuer may reasonably require. In the case of a request for an amendment of any outstanding Letter of Credit, such
Letter of Credit Application shall specify in form and detail reasonably satisfactory to the Applicable L/C Issuer (A) the Letter
of Credit to be amended; (B) the proposed date of amendment thereof (which shall be a Business Day); (C) the nature of the proposed
amendment; and (D) such other matters as the Applicable L/C Issuer may reasonably require. Additionally, the Company shall furnish
to the Applicable L/C Issuer and the Administrative Agent such other documents and information pertaining to such requested
Letter of Credit issuance or amendment, including any Issuer Documents, as the Applicable L/C Issuer or the Administrative Agent
may reasonably require.

 

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

 

(iii)If
the Company so requests in any applicable Letter of Credit Application, the Applicable L/C Issuer shall issue a Letter of Credit
that has automatic extension provisions (each, an “Auto-Extension Letter of Credit”); provided that any
such Auto-Extension Letter of Credit must permit the Applicable L/C Issuer to prevent any such extension at least once in each
twelve-month period (commencing with the date of issuance of such Letter of Credit) by giving prior notice to the beneficiary thereof
not later than a day (the “Non-Extension Notice Date”) in each such twelve-month period to be agreed upon at
the time such Letter of Credit is issued. Unless otherwise directed by the Applicable L/C Issuer, the Company shall not be required
to make a specific request to the Applicable L/C Issuer for any such extension. Once an Auto-Extension Letter of Credit has been
issued, the Revolving Lenders shall be deemed to have authorized (but may not require) the Applicable L/C Issuer to permit the
extension of such Letter of Credit at any time to an expiry date not later than the Letter of Credit Expiration Date;

 

    - 81 -

     

    

provided, however,
that the Applicable L/C Issuer shall not permit any such extension if (A) the Applicable L/C Issuer has determined that it would
not be permitted, or would have no obligation, at such time to issue such Letter of Credit in its revised form (as extended) under
the terms hereof (by reason of the provisions of clause (ii) or (iii) of Section 2.03(a) or otherwise),
or (B) it has received notice (which may be by telephone or in writing) on or before the day that is five Business Days before
the Non-Extension Notice Date from the Administrative Agent, any Revolving Lender or the Company that one or more of the applicable
conditions specified in Section 5.02 is not then satisfied, and in each case directing the Applicable L/C Issuer not to
permit such extension.

 

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

 

(c)Drawings
and Reimbursements; Funding of Participations.

 

(i)Upon
receipt from the beneficiary of any Letter of Credit of any notice of drawing under such Letter of Credit, the Applicable L/C Issuer
shall notify the Company and the Administrative Agent thereof. In the case of a Letter of Credit denominated in an Alternative
Currency, the Company shall reimburse the Applicable L/C Issuer in such Alternative Currency, unless (A) the Applicable L/C Issuer
(at its option) shall have specified in such notice that it will require reimbursement in Dollars, or (B) in the absence of any
such requirement for reimbursement in Dollars, the Company shall have notified the Applicable L/C Issuer promptly following receipt
of the notice of drawing that the Company will reimburse the Applicable L/C Issuer in Dollars. In the case of any such reimbursement
in Dollars of a drawing under a Letter of Credit denominated in an Alternative Currency, the Applicable L/C Issuer shall notify
the Company of the Dollar Equivalent of the amount of the drawing promptly following the determination thereof. If the Company
is notified prior to 11:00 a.m. on the date of any payment by the Applicable L/C Issuer under a Letter of Credit to be reimbursed
in Dollars, then no later than 1:00 p.m. on such Business Day or the Applicable Time on the date of any payment by the Applicable
L/C Issuer under a Letter of Credit to be reimbursed in an Alternative Currency (or if notified after such time, then no later
than 11:00 a.m. on the next succeeding Business Day or the Applicable Time on the date of any payment by the Applicable L/C Issuer
under a Letter of Credit to be reimbursed in an Alternative Currency) (each such date, an “Honor Date”), the
Company shall reimburse the Applicable L/C Issuer through the Administrative Agent in an amount equal to the amount of such drawing
and in the applicable currency. If the Company fails to so reimburse the Applicable L/C Issuer by such time, the Administrative
Agent shall promptly notify each Revolving Lender of the Honor Date, the amount of the unreimbursed drawing (expressed in Dollars
in the amount of the Dollar Equivalent thereof in the case of Letter of Credit denominated in an Alternative Currency) (the “Unreimbursed
Amount”), and the amount of such Revolving Lender’s Applicable Percentage thereof. In such event, the Company shall
be deemed to have requested a

 

    - 82 -

     

    

Borrowing of Revolving Loans
that are Base Rate Loans to be disbursed on the Honor Date in an amount equal to the Unreimbursed Amount, without regard to the
minimum and multiples specified in Section 2.02 for the principal amount of Base Rate Loans, but subject to the conditions
set forth in Section 5.02 (other than the delivery of a Loan Notice) and provided that, after giving effect to such
Borrowing, the Total Revolving Outstandings shall not exceed the Aggregate Revolving Commitments. Any notice given by the Applicable
L/C Issuer or the Administrative Agent pursuant to this Section 2.03(c)(i) may be given by telephone if immediately
confirmed in writing; provided that the lack of such an immediate confirmation shall not affect the conclusiveness or binding
effect of such notice.

 

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

 

(iii)With
respect to any Unreimbursed Amount that is not fully refinanced by a Borrowing of Revolving Loans that are Base Rate Loans because
the conditions set forth in Section 5.02 cannot be satisfied or for any other reason, the Company shall be deemed to have
incurred from the Applicable L/C Issuer an L/C Borrowing in the amount of the Unreimbursed Amount that is not so refinanced, which
L/C Borrowing shall be due and payable on demand (together with interest) and shall bear interest at the rate applicable to Revolving
Loans that are Base Rate Loans; provided that if such L/C Borrowing is not reimbursed by the Company when due in accordance
with this clause (c), then Section 2.08(b)(i) shall apply. In such event, each Revolving Lender’s payment to the Administrative
Agent for the account of the Applicable L/C Issuer pursuant to Section 2.03(c)(ii) shall be deemed payment in respect
of its participation in such L/C Borrowing and shall constitute an L/C Advance from such Revolving Lender in satisfaction of its
participation obligation under this Section 2.03.

 

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

 

(v)Each
Revolving Lender’s obligation to make Revolving Loans or L/C Advances to reimburse the Applicable L/C Issuer for amounts
drawn under Letters of Credit, as contemplated by this Section 2.03(c), shall be absolute and unconditional and

 

    - 83 -

     

    

shall not be affected by any
circumstance, including (A) any setoff, counterclaim, recoupment, defense or other right which such Lender may have against the
Applicable L/C Issuer, the Company or any other Person for any reason whatsoever; (B) the occurrence or continuance of a Default,
or (C) any other occurrence, event or condition, whether or not similar to any of the foregoing; provided, however,
that each Revolving Lender’s obligation to make Revolving Loans pursuant to this Section 2.03(c) is subject to
the conditions set forth in Section 5.02 (other than delivery by the Company of a Loan Notice). No such making of an L/C
Advance shall relieve or otherwise impair the obligation of the Company to reimburse the Applicable L/C Issuer for the amount of
any payment made by the Applicable L/C Issuer under any Letter of Credit, together with interest as provided herein.

 

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

 

(d)Repayment
of Participations.

 

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

 

(ii)If
any payment received by the Administrative Agent for the account of the Applicable L/C Issuer pursuant to Section 2.03(c)(i)
is required to be returned under any of the circumstances described in Section 11.05 (including pursuant to any settlement
entered into by the Applicable L/C Issuer in its discretion), each Revolving Lender shall

 

    - 84 -

     

    

pay to the Administrative Agent
for the account of the Applicable L/C Issuer its Applicable Percentage thereof on demand of the Administrative Agent, plus interest
thereon from the date of such demand to the date such amount is returned by such Revolving Lender, at a rate per annum equal to
the applicable Overnight Rate from time to time in effect. The obligations of the Revolving Lenders under this clause shall survive
the payment in full of the Obligations and the termination of this Agreement.

 

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

 

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

 

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

 

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

 

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

 

(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; or

 

(vi)any
other circumstance or happening whatsoever, whether or not similar to any of the foregoing, including any other circumstance that
might otherwise constitute a defense available to, or a discharge of, any Loan Party or any Subsidiary.

 

    - 85 -

     

    

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

 

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

 

(g)Applicability
of ISP. Unless otherwise expressly agreed by the Applicable L/C Issuer and the Company when a Letter of Credit is issued, the
rules of the ISP shall apply to each Letter of Credit.

 

    - 86 -

     

    

(h)Letter of
Credit Fees. The Company shall pay to the Administrative Agent for the account of each Revolving Lender in accordance with
its Applicable Percentage, in Dollars, a Letter of Credit fee (the “Letter of Credit Fee”) for each Letter of
Credit equal to the Applicable Rate for Revolving Loans denominated in Dollars and maintained as Eurocurrency Rate Loans times
the Dollar Equivalent of the daily amount available to be drawn under such Letter of Credit; provided, however, any
Letter of Credit Fees otherwise payable for the account of a Defaulting Lender with respect to any Letter of Credit as to which
such Defaulting Lender has not provided Cash Collateral satisfactory to the Applicable L/C Issuer pursuant to this Section 2.03
shall be payable, to the maximum extent permitted by applicable Law, to the other Revolving Lenders in accordance with the upward
adjustments in their respective Applicable Percentages allocable to such Letter of Credit pursuant to Section 2.15(a)(iv),
with the balance of such fee, if any, payable to the Applicable L/C Issuer for its own account (except to the extent that the Company
has provided Cash Collateral with respect to all or a portion of such Letter of Credit, in which case the balance of such fee (or
the applicable portion thereof, as applicable) shall not be payable). For purposes of computing the daily amount available to be
drawn under any Letter of Credit, the amount of such Letter of Credit shall be determined in accordance with Section 1.09.
Letter of Credit Fees shall be (i) due and payable on the last Business Day of each March, June, September and December, commencing
with the first such date to occur after the issuance of such Letter of Credit, on the Letter of Credit Expiration Date and thereafter
on demand and (ii) computed on a quarterly basis in arrears. If there is any change in the Applicable Rate for Revolving Loans
denominated in Dollars and maintained as Eurocurrency Rate Loans during any quarter, the daily amount available to be drawn under
each Letter of Credit shall be computed and multiplied by the Applicable Rate for Revolving Loans denominated in Dollars and maintained
as Eurocurrency Rate Loans separately for each period during such quarter that such Applicable Rate was in effect. Notwithstanding
anything to the contrary contained herein, while any Event of Default exists, upon the request of the Required Revolving Lenders,
all Letter of Credit Fees shall accrue at the Default Rate.

 

(i)Fronting
Fee and Documentary and Processing Charges Payable to L/C Issuer. The Company shall pay directly to each L/C Issuer for its
own account, in Dollars, a fronting fee with respect to each Letter of Credit issued by such L/C Issuer, at the rate per annum
of 0.125%, computed on the Dollar Equivalent of the daily amount available to be drawn under such Letter of Credit and on a quarterly
basis in arrears. Such Letter of Credit fronting fee shall be due and payable on the first Business Day occurring after the last
day of each March, June, September and December, commencing with the first such date to occur after the issuance of such Letter
of Credit, on the Letter of Credit Expiration Date and thereafter on demand. For purposes of computing the daily amount available
to be drawn under any Letter of Credit, the amount of such Letter of Credit shall be determined in accordance with Section 1.09.
In addition, the Company shall pay directly to each L/C Issuer for its own account, in Dollars, the customary issuance, presentation,
amendment and other processing fees, and other standard costs and charges, of such L/C Issuer relating to Letters of Credit issued
by such L/C Issuer as from time to time in effect. Such customary fees and standard costs and charges are due and payable on demand
and are nonrefundable.

 

    - 87 -

     

    

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

 

(k)Letters of
Credit Issued for Subsidiaries. Notwithstanding that a Letter of Credit issued or outstanding hereunder is in support of any
obligations of, or is for the account of, a Restricted Subsidiary, the Company shall be obligated to reimburse the Applicable L/C
Issuer hereunder for any and all drawings under such Letter of Credit. The Company hereby acknowledges that the issuance of Letters
of Credit for the account of Subsidiaries inures to the benefit of the Company, and that the Company’s business derives substantial
benefits from the businesses of such Subsidiaries.

 

(l)Provisions
Related to Additional Revolving Credit Facilities. If the Letter of Credit Expiration Date in respect of the Revolving Facility
occurs prior to the expiry date of any Letter of Credit, then, at the Company’s option, (i) if one or more Classes of
Extended Revolving Commitments and/or Refinancing Revolving Commitments in respect of which the expiration date applicable to Letters
of Credit issued thereunder shall not have so occurred are then in effect, such Letters of Credit shall, to the extent such Letters
of Credit could have been issued under such other Class or Classes of Extended Revolving Commitments and/or Refinancing Revolving
Commitments (as applicable) in accordance with the terms of this Agreement at such time, automatically be deemed to have been issued
(including for purposes of the obligations of the applicable Lenders to purchase participations therein and to make Loans and L/C
Advances in respect thereof pursuant to Sections 2.03(c) and (d)) under (and ratably participated in by Lenders pursuant
to) the Commitments in respect of such non-terminating Class or Classes of Extended Revolving Commitments and/or Refinancing Revolving
Commitments (as applicable) up to an aggregate amount not to exceed the aggregate principal amount of the unutilized Commitments
thereunder at such time (it being understood that no partial face amount of any Letter of Credit may be so reallocated) and (ii) to
the extent not reallocated pursuant to the immediately preceding clause (i), the Company shall Cash Collateralize any such Letter
of Credit in accordance with Section 2.14(a). Commencing with the Maturity Date of the Revolving Facility, the sublimit
for Letters of Credit shall be agreed solely with each L/C Issuer.

 

2.04[Reserved].

 

2.05Prepayments.

 

(a)Voluntary Prepayments
of Loans.

 

(i)Revolving
Loans, Term Loans and Incremental Term Loans. Each Borrower may, upon notice from the Company to the Administrative Agent,
at any time or from time to time voluntarily prepay Loans of a given Class in whole or in part without premium or penalty (except
as provided in clause (E) below); provided that (A) such notice must be received by the Administrative Agent not
later than 2:00 p.m. (1) three Business Days prior to any date of prepayment of Eurocurrency Rate Loans denominated in Dollars,
(2) four Business Days (or five, in the case of prepayment of Loans denominated in Special Notice Currencies) prior to any date
of prepayment of Eurocurrency Rate Loans denominated in Alternative Currencies and (3) on the date of

 

    - 88 -

     

    

prepayment of Base Rate Loans;
(B) any such prepayment of Eurocurrency Rate Loans shall be in a principal amount of $1,000,000 (or the Dollar Equivalent thereof,
in the case of Alternative Currencies) or a whole multiple of $1,000,000 (or the Dollar Equivalent thereof, in the case of Alternative
Currencies) in excess thereof (or the entire principal amount thereof then outstanding); (C) any prepayment of Base Rate Loans
shall be in a principal amount of $1,000,000 or a whole multiple of $500,000 in excess thereof (or the entire principal amount
thereof then outstanding); (D) any such notice may be conditioned on the effectiveness of other financing arrangements or one or
more other transactions; and (E) any voluntary prepayment of Term B-1 Loans and/or Term B-2 Loans shall be accompanied by an additional
fee payment to the extent required pursuant to Section 2.09(b). Each such notice shall specify the date and amount of such
prepayment, the Facility under which such Loan was made (and the Class thereof) and the Type(s) and currencies of Loans to be prepaid
and, if Eurocurrency Rate Loans are to be prepaid, the Interest Period(s) of such Loans. The Administrative Agent will promptly
notify each Lender receiving a prepayment of the Administrative Agent’s receipt of each such notice, and of the amount of
such Lender’s ratable portion of such prepayment (based on such Lender’s Applicable Percentage in respect of the relevant
Facility). If such notice is given by the Company, the applicable Borrower shall make such prepayment and the payment amount specified
in such notice shall be due and payable on the date specified therein. Any prepayment of a Eurocurrency Rate Loan shall be accompanied
by all accrued interest on the amount prepaid, together with any additional amounts required pursuant to Section 3.05.
Each prepayment of the outstanding Term Loans of a given Class pursuant to this Section 2.05(a) shall be applied as directed
by the Company (except that, any such prepayment with respect to any Term A Facility shall be applied ratably towards the outstanding
Term A-1 Loans and Term A-2 Loans) and, if no direction is given, to the principal repayment installments of such Class of Term
Loans in direct order of maturity. Subject to Section 2.15, each prepayment of Loans shall be made to the Appropriate Lenders
in accordance with their respective Applicable Percentages in respect of each of the relevant Facilities.

 

(ii)[Reserved].

 

(b)Mandatory
Prepayments of Loans.

 

(i)Revolving
Commitments. If for any reason the Total Revolving Outstandings at any time exceed the Aggregate Revolving Commitments then
in effect, the Company shall immediately prepay Revolving Loans and/or Cash Collateralize the L/C Obligations in an aggregate amount
equal to such excess; provided, however, that the Company shall not be required to Cash Collateralize the L/C Obligations
pursuant to this Section 2.05(b)(i) unless after the prepayment in full of the Revolving Loans the Total Revolving Outstandings
exceed the Aggregate Revolving Commitments then in effect.

 

(ii)Alternative
Currencies. If the Administrative Agent notifies the Company at any time that the Outstanding Amount of all Revolving Loans
denominated in Alternative Currencies at such time exceeds an amount equal to 105% of the Alternative

 

    - 89 -

     

    

Currency Sublimit then in effect,
then, within two Business Days after receipt of such notice, the Company shall prepay Revolving Loans in an aggregate amount sufficient
to reduce such Outstanding Amount as of such date of payment to an amount not to exceed 100% of the Alternative Currency Sublimit
then in effect.

 

(iii)Excess
Cash Flow. Within five Business Days after financial statements have been delivered pursuant to Section 7.01(a) and
the related Compliance Certificate has been delivered pursuant to Section 7.02(b), the Borrowers shall prepay an aggregate
principal amount of Term Loans equal to the excess (if any) of (A) 50% (as may be adjusted pursuant to the proviso below) of Excess
Cash Flow for the fiscal year covered by such financial statements over (B) the aggregate principal amount of Term Loans prepaid
pursuant to Section 2.05(a)(i) or repurchased and cancelled pursuant to Section 11.06(i) (but limited to the purchase
price applicable to such Term Loans rather than the par amount thereof) during the applicable Excess Cash Flow Period, other than
to the extent that any such prepayment is funded with the proceeds of long-term Funded Debt (other than Revolving Loans, Extended
Revolving Loans or Refinancing Revolving Loans) (such prepayments to be applied as set forth in clause (vii) below); provided,
that such percentage shall be reduced to 25% or 0% if the Consolidated Net Secured Leverage Ratio as of the last day of the prior
fiscal year was less than 3.50:1.00 (but greater than or equal to 3.00:1.00) or 3.00:1.00, respectively.

 

(iv)Dispositions.
If the Parent or any of its Restricted Subsidiaries Disposes of any property under Sections 8.05(c), (e), (f)
or (g) which results in the receipt by the Parent and its Restricted Subsidiaries of aggregate Net Cash Proceeds in excess
of $10,000,000 in any fiscal year, the Borrowers shall prepay an aggregate principal amount of Term Loans equal to 100% of such
Net Cash Proceeds within five (5) Business Days of receipt thereof by such Person (such prepayments to be applied as set forth
in clause (vii) below); provided, however, that, with respect to any Net Cash Proceeds realized under a Disposition
described in this Section 2.05(b)(iv), at the election of the Company (as notified by the Company to the Administrative
Agent promptly after the date of the receipt of such Net Cash Proceeds), the Parent or any Restricted Subsidiary may reinvest all
or any portion of such Net Cash Proceeds in operating assets within three hundred and sixty-five (365) days following receipt of
such Net Cash Proceeds (or, if the Parent or the relevant Restricted Subsidiary, as applicable, has contractually committed within
365 days following receipt of such Net Cash Proceeds to reinvest such Net Cash Proceeds, 545 days following receipt of such Net
Cash Proceeds); and provided further, however, that any Net Cash Proceeds not so reinvested shall be immediately
applied to the prepayment of the Term Loans as set forth in this Section 2.05(b)(iv). Notwithstanding the foregoing, if
at the time that any prepayment would be required under this Section 2.05(b)(iv), the Company is required to offer to repurchase
Permitted First Priority Refinancing Debt or any Permitted Refinancing of any such Indebtedness (to the extent secured by Liens
on all or a portion of the Collateral on a pari passu basis with the liens securing the Facilities (other than the Term
A-1 Loans, the Term A-2 Loans and the Term B-2 Loans, or any Refinancing Term Loans, Extended Term Loans or Replacement Term Loans
incurred by any Designated Borrower with respect thereto)), in each case pursuant

 

    - 90 -

     

    

to the terms of the documentation
governing such Indebtedness with the net proceeds of any such Disposition of, or with respect to, any property or assets constituting
Collateral (such Permitted First Priority Refinancing Debt (and such Permitted Refinancing of any such Indebtedness) required to
be offered to be so repurchased, “Other Applicable Indebtedness”), then the Borrowers may apply such net proceeds
on a pro rata basis (determined on the basis of the aggregate outstanding principal amount of the Term Loans and Other Applicable
Indebtedness at such time; provided that the portion of such net proceeds allocated to the Other Applicable Indebtedness
shall not exceed the amount of such net proceeds required to be allocated to the Other Applicable Indebtedness pursuant to the
terms thereof, and the remaining amount, if any, of such net proceeds shall be allocated to the Term Loans in accordance with the
terms hereof) to the prepayment of the Term Loans and to the repurchase or prepayment of Other Applicable Indebtedness, and the
amount of prepayment of the Term Loans that would have otherwise been required pursuant to this Section 2.05(b)(iv) shall be reduced
accordingly.

 

(v)Indebtedness.
Upon the incurrence or issuance by the Parent or any of its Restricted Subsidiaries of any Indebtedness (A) not expressly permitted
to be incurred or issued pursuant to Section 8.03 or (B) that is intended to constitute Credit Agreement Refinancing Indebtedness
with respect to any Class of Term Loans, the Borrowers shall prepay an aggregate principal amount of Term Loans (or in the case
of Indebtedness constituting Credit Agreement Refinancing Indebtedness, the applicable Class of Term Loans) equal to 100% of all
Net Cash Proceeds received therefrom immediately upon receipt thereof by the Parent or such Restricted Subsidiary (such prepayments
to be applied as set forth in clause (vii) below).

 

(vi)Extraordinary
Receipt. Upon any Extraordinary Receipt received by or paid to or for the account of the Parent or any of its Restricted Subsidiaries,
and not otherwise included in clauses (iv) or (v) of this Section 2.05(b), and which results in the receipt
by the Parent and its Restricted Subsidiaries of aggregate Net Cash Proceeds in excess of $10,000,000 in any fiscal year, the Borrowers
shall prepay an aggregate principal amount of Term Loans equal to 100% of all Net Cash Proceeds received therefrom immediately
upon receipt thereof by the Parent or such Restricted Subsidiary (such prepayments to be applied as set forth in clause (vii)
below); provided, however, that with respect to any proceeds of insurance, condemnation awards (or payments in lieu
thereof) or indemnity payments, at the election of the Company (as notified by the Company to the Administrative Agent prior to
or promptly after the date of receipt of such insurance proceeds, condemnation awards or indemnity payments), the Parent or any
Restricted Subsidiary may apply such Net Cash Proceeds, within three hundred and sixty-five (365) days following receipt of such
Net Cash Proceeds (or, if the Parent or the relevant Restricted Subsidiary, as applicable, has contractually committed within 365
days following receipt of such Net Cash Proceeds to apply such Net Cash Proceeds, 545 days following receipt of such Net Cash Proceeds),
to replace or repair the equipment, fixed assets or real property in respect of which such cash proceeds were received or to reinvest
in operating assets; and provided further, however, that any cash proceeds not so

 

    - 91 -

     

    

applied shall be immediately
applied to the prepayment of the Term Loans as set forth in Section 2.05(b)(vii).

 

(vii)Application
to Term Loans. Except as otherwise provided in any Commitment Increase Amendment, Extension Amendment or Refinancing Amendment
or as otherwise provided herein, each prepayment of Term Loans pursuant to clauses (iii), (iv), (v) and (vi)
of this Section 2.05(b) shall be applied (1) ratably to the Term A Facilities, on the one hand, and the Term B Facilities,
on the other hand, (2) within the Term A Facilities, ratably to the outstanding Term A-1 Loans and Term A-2 Loans, (3) within the
Term B Facilities, to the outstanding Term B Facilities as directed by the Company, (4) ratably to the Term Loans under each
Term Facility and (5) to the principal repayment installments of the respective Class of Term Loans in direct order of maturity;
provided that any Net Cash Proceeds of Credit Agreement Refinancing Indebtedness shall be applied to the applicable Class(es)
of Term Loans as required under clause (v) of the first proviso appearing in the definition thereof.

 

(viii)Limitation
of Prepayment Obligations. Notwithstanding any other provisions of this Section 2.05(b), (i) to the extent that any
or all of the Net Cash Proceeds of any Disposition by a Restricted Subsidiary that is a Foreign Subsidiary (each such Disposition,
a “Foreign Disposition”), the Net Cash Proceeds of any Extraordinary Receipt incurred by a Restricted Subsidiary
that is a Foreign Subsidiary (each such Extraordinary Receipt, a “Foreign Extraordinary Receipt”) or Excess
Cash Flow attributable to Restricted Subsidiaries that are Foreign Subsidiaries are prohibited or delayed by applicable local law
or applicable organizational documents of such Foreign Subsidiary from being repatriated to a Borrower to repay the Term Loans
of such Borrower pursuant to Section 2.05(b)(iii), (iv) or (vi), as applicable, the portion of such Net Cash
Proceeds or Excess Cash Flow so affected will not be required to be applied to repay such Term Loans at the times provided in Section
2.05(b)(iii), (iv) or (vi) as applicable, but may be retained by the applicable Foreign Subsidiary so long, but
only so long, as the applicable local law or applicable organizational documents of such Foreign Subsidiary will not permit repatriation
to either Borrower (the Parent and the Borrowers hereby agreeing to use, and cause their Restricted Subsidiaries to use, all commercially
reasonable efforts to overcome or eliminate any such restrictions on repatriation and/or minimize any such costs of prepayment
and/or use the other cash and Cash Equivalents of Parent and its Restricted Subsidiaries that are not affected by such restrictions
to make the relevant prepayment), and if within one year following the date on which the respective prepayment would otherwise
have been required such repatriation of any of such affected Net Cash Proceeds or Excess Cash Flow is permitted under the applicable
local law or applicable organizational documents of such Foreign Subsidiary, such repatriation will be immediately effected and
such repatriated Net Cash Proceeds or Excess Cash Flow will be promptly (and in any event not later than two Business Days after
such repatriation) applied (net of additional taxes payable or reserved against as a result thereof and additional costs relating
to such repatriation) to the repayment of such applicable Term Loans pursuant to this Section 2.05 or (ii) to the extent
that the Parent has determined in good faith, after consultation with the Administrative Agent, that

 

    - 92 -

     

    

repatriation to a Borrower to
repay the Term Loans of such Borrower pursuant to Section 2.05(b)(iii), (iv) or (vi), as applicable, of any
of or all the Net Cash Proceeds of any Foreign Disposition, Net Cash Proceeds of any Foreign Extraordinary Receipt or Excess Cash
Flow attributable to Restricted Subsidiaries that are Foreign Subsidiaries would have adverse tax consequences (including any reduction
in tax attributes) with respect to such Net Cash Proceeds or Excess Cash Flow, such Net Cash Proceeds or Excess Cash Flow so affected
will not be required to be applied to repay such Term Loans at the times provided in Section 2.05(b)(iii), (iv) or
(vi), as applicable, but may be retained by the applicable Foreign Subsidiary so long, but only so long, as the applicable
adverse tax consequences with respect to such Net Cash Proceeds or Excess Cash Flow remain (the Parent and the Borrowers hereby
agreeing to use, and cause their Restricted Subsidiaries to use, all commercially reasonable efforts to overcome or eliminate any
adverse tax consequences and/or use the other cash and Cash Equivalents of the Parent and its Restricted Subsidiaries that are
not affected by such adverse tax consequences to make the relevant prepayment), and if within one year following the date on which
the respective prepayment would otherwise have been required such repatriation of any of such affected Net Cash Proceeds or Excess
Cash Flow would no longer have adverse tax consequences, such repatriation will be immediately effected and such repatriated Net
Cash Proceeds or Excess Cash Flow will be promptly (and in any event not later than two Business Days after such repatriation)
applied (net of additional taxes payable or reserved against as a result thereof and additional costs relating to such repatriation)
to the repayment of such Term Loans pursuant to this Section 2.05.

 

2.06Termination or Reduction of
Commitments.

 

(a)Optional.

 

The Company
may, upon notice to the Administrative Agent, terminate the Aggregate Revolving Commitments, or from time to time permanently reduce
the Aggregate Revolving Commitments to an amount not less than the Total Revolving Outstandings (after giving effect to any concurrent
prepayment of Revolving Loans); provided that (A) any such notice shall be received by the Administrative Agent not
later than 2:00 p.m. three (3) Business Days prior to the date of termination or reduction, (B) any such partial reduction
shall be in an aggregate amount of $5,000,000 or any whole multiple of $1,000,000 in excess thereof, (C) if, after giving
effect to any reduction of the Aggregate Revolving Commitments, the Letter of Credit Sublimit or the Alternative Currency Sublimit
exceeds the amount of the Aggregate Revolving Commitments, such sublimit shall be automatically reduced by the amount of such excess
and (D) any such notice may be conditioned on the effectiveness of other financing arrangements or one or more other transactions.
The Administrative Agent will promptly notify the Lenders of any such notice of termination or reduction of the Aggregate Revolving
Commitments. Except as provided in clause (C) of the preceding sentence, the amount of any such Aggregate Revolving Commitment
reduction shall not be applied to the Alternative Currency Sublimit or the Letter of Credit Sublimit unless otherwise specified
by the Company. Any reduction of the Aggregate Revolving Commitments

 

    - 93 -

     

    

shall be applied to the Commitment
of each Revolving Lender according to its Applicable Percentage. All fees accrued with respect thereto until the effective date
of any termination of the Aggregate Revolving Commitments shall be paid on the effective date of such termination.

 

(b)Mandatory.

 

(i)The
aggregate Term A-1 Commitments (and the Term A-1 Commitment of each Lender with such a Commitment) shall terminate in its entirety
(to the extent not theretofore terminated) on the Closing Date (after giving effect to any incurrence of Term A-1 Loans on such
date).

 

(ii)The
aggregate Term A-2 Commitments (and the Term A-2 Commitment of each Lender with such a Commitment) shall terminate in its entirety
(to the extent not theretofore terminated) on the Closing Date (after giving effect to any incurrence of Term A-2 Loans on such
date).

 

(iii)The
aggregate Term B-1 Commitments (and the Term B-1 Commitment of each Lender with such a Commitment) shall terminate in its entirety
(to the extent not theretofore terminated) on the Closing Date (after giving effect to any incurrence of Term B-1 Loans on such
date).

 

(iv)The
aggregate Term B-2 Commitments (and the Term B-2 Commitment of each Lender with such a Commitment) shall terminate in its entirety
(to the extent not theretofore terminated) on the Closing Date (after giving effect to any incurrence of Term B-2 Loans on such
date).

 

(c)Notification
of Commitment Reductions. The Administrative Agent will promptly notify the Lenders of any termination or reduction of the
Letter of Credit Sublimit or the Aggregate Revolving Commitments under this Section 2.06.

 

2.07Repayments of Loans.

 

(i)Term A-1 Loans.
The Designated Borrower 1 shall pay to each Term A-1 Lender on each principal payment date set out below the specified percentage
of the Term A-1 Loans advanced by such Term A-1 Lender to the Designated Borrower 1 (which amounts shall be reduced as a result
of the application of prepayments in accordance with the order of priority set forth in Section 2.05), with the final such
payment being in the aggregate principal amount of all Term A-1 Loans then outstanding to the Designated Borrower 1:

 

	Principal Payment Date

Falling on or Nearest to:	Percentage of

Payment on last day of fiscal quarter
	December 31, 2015	1.25% of the sum of the aggregate principal amount of Term A-1 Loans
	March 31, 2016	1.25% of the sum of the aggregate principal amount of Term A-1 Loans

    - 94 -

     

    

	June 30, 2016	1.25% of the sum of the aggregate principal amount of Term A-1 Loans
	September 30, 2016	1.25% of the sum of the aggregate principal amount of Term A-1 Loans 
	December 31, 2016	1.25% of the sum of the aggregate principal amount of Term A-1 Loans
	March 31, 2017	1.25% of the sum of the aggregate principal amount of Term A-1 Loans
	June 30, 2017	1.25% of the sum of the aggregate principal amount of Term A-1 Loans
	September 30, 2017	1.25% of the sum of the aggregate principal amount of Term A-1 Loans 
	December 31, 2017	2.50% of the sum of the aggregate principal amount of Term A-1 Loans
	March 31, 2018	2.50% of the sum of the aggregate principal amount of Term A-1 Loans
	June 30, 2018	2.50% of the sum of the aggregate principal amount of Term A-1 Loans
	September 30, 2018	2.50% of the sum of the aggregate principal amount of Term A-1 Loans 
	December 31, 2018	2.50% of the sum of the aggregate principal amount of Term A-1 Loans
	March 31, 2019	2.50% of the sum of the aggregate principal amount of Term A-1 Loans
	June 30, 2019	2.50% of the sum of the aggregate principal amount of Term A-1 Loans
	September 30, 2019	2.50% of the sum of the aggregate principal amount of Term A-1 Loans
	December 31, 2019	2.50% of the sum of the aggregate principal amount of Term A-1 Loans
	March 31, 2020	2.50% of the sum of the aggregate principal amount of Term A-1 Loans
	June 30, 2020	2.50% of the sum of the aggregate principal amount of Term A-1 Loans

 

provided, that the final
principal repayment installment of the Term A-1 Loans shall be repaid on the Maturity Date for Term A-1 Loans and in any event
shall be in an amount equal to the aggregate principal amount of all Term A-1 Loans outstanding on such date; provided,
further, that the amount of any such prepayment set forth above shall be adjusted to account for the addition of any Extended
Term Loans or Incremental Term Loans made to the Designated Borrower 1 to contemplate (A) the reduction in the aggregate principal
amount of the Term A-1 Loans that were converted in connection with the incurrence of such Extended Term Loans and (B) any increase
to payments to

 

    - 95 -

     

    

the extent and as required pursuant
to the terms of any applicable Commitment Increase Amendment involving an increase to the Term A-1 Loans.

 

(ii)Term
A-2 Loans. The Designated Borrower 2 shall pay to each Term A-2 Lender on each principal payment date set out below the specified
percentage of the Term A-2 Loans advanced by such Term A-2 Lender to the Designated Borrower 2 (which amounts shall be reduced
as a result of the application of prepayments in accordance with the order of priority set forth in Section 2.05), with
the final such payment being in the aggregate principal amount of all Term A-2 Loans then outstanding to the Designated Borrower
2:

 

	Principal Payment Date

Falling on or Nearest to:	Percentage of

Payment on last day of fiscal quarter
	December 31, 2015	1.25% of the sum of the aggregate principal amount of Term A-2 Loans
	March 31, 2016	1.25% of the sum of the aggregate principal amount of Term A-2 Loans
	June 30, 2016	1.25% of the sum of the aggregate principal amount of Term A-2 Loans
	September 30, 2016	1.25% of the sum of the aggregate principal amount of Term A-2 Loans 
	December 31, 2016	1.25% of the sum of the aggregate principal amount of Term A-2 Loans
	March 31, 2017	1.25% of the sum of the aggregate principal amount of Term A-2 Loans
	June 30, 2017	1.25% of the sum of the aggregate principal amount of Term A-2 Loans
	September 30, 2017	1.25% of the sum of the aggregate principal amount of Term A-2 Loans 
	December 31, 2017	2.50% of the sum of the aggregate principal amount of Term A-2 Loans
	March 31, 2018	2.50% of the sum of the aggregate principal amount of Term A-2 Loans
	June 30, 2018	2.50% of the sum of the aggregate principal amount of Term A-2 Loans
	September 30, 2018	2.50% of the sum of the aggregate principal amount of Term A-2 Loans 
	December 31, 2018	2.50% of the sum of the aggregate principal amount of Term A-2 Loans
	March 31, 2019	2.50% of the sum of the aggregate principal amount of Term A-2 Loans
	June 30, 2019	2.50% of the sum of the aggregate principal amount of Term A-2 Loans
	September 30, 2019	2.50% of the sum of the aggregate principal 

    - 96 -

     

    

	 	amount of Term A-2 Loans
	December 31, 2019	2.50% of the sum of the aggregate principal amount of Term A-2 Loans
	March 31, 2020	2.50% of the sum of the aggregate principal amount of Term A-2 Loans
	June 30, 2020	2.50% of the sum of the aggregate principal amount of Term A-2 Loans

 

provided, that the final
principal repayment installment of the Term A-2 Loans shall be repaid on the Maturity Date for Term A-2 Loans and in any event
shall be in an amount equal to the aggregate principal amount of all Term A-2 Loans outstanding on such date; provided,
further, that the amount of any such prepayment set forth above shall be adjusted to account for the addition of any Extended
Term Loans or Incremental Term Loans made to the Designated Borrower 2 to contemplate (A) the reduction in the aggregate principal
amount of the Term A-2 Loans that were converted in connection with the incurrence of such Extended Term Loans and (B) any increase
to payments to the extent and as required pursuant to the terms of any applicable Commitment Increase Amendment involving an increase
to the Term A-2 Loans.

 

(iii)Term
B-1 Loans. The Company shall pay to each Term B-1 Lender (i) on the last Business Day of each fiscal quarter of the Parent
occurring after the Closing Date (commencing with the fiscal quarter ending December 31, 2015) but prior to the Maturity Date,
the principal amount of all Term B-1 Loans then outstanding in an amount equal to 0.25% of the sum of the aggregate principal amount
of Term B-1 Loans on the Closing Date (which amounts shall be reduced as a result of the application of prepayments in accordance
with the order of priority set forth in Section 2.05) and (ii) on the Maturity Date for Term B-1 Loans, the principal amount
of all Term B-1 Loans in an amount equal to the aggregate principal amount of all Term B-1 Loans outstanding on such date; provided
that the amount of any such prepayment set forth above shall be adjusted to account for the addition of any Extended Term Loans
or Incremental Term Loans made to the Company to contemplate (A) the reduction in the aggregate principal amount of the Term
B-1 Loans that were converted in connection with the incurrence of such Extended Term Loans and (B) any increase to payments to
the extent and as required pursuant to the terms of any applicable Commitment Increase Amendment involving an increase to the Term
B-1 Loans.

 

(iv)Term
B-2 Loans. The Designated Borrower 2 shall pay to each Term B-2 Lender (i) on the last Business Day of each fiscal quarter
of the Parent occurring after the Closing Date (commencing with the fiscal quarter ending December 31, 2015) but prior to the Maturity
Date, the principal amount of all Term B-2 Loans then outstanding in an amount equal to 0.25% of the sum of the aggregate principal
amount of Term B-2 Loans on the Closing Date (which amounts shall be reduced as a result of the application of prepayments in accordance
with the order of priority set forth in Section 2.05) and (ii) on the Maturity Date for Term B-2 Loans, the principal amount
of all Term B-2 Loans in an

 

    - 97 -

     

    

amount equal to the aggregate
principal amount of all Term B-2 Loans outstanding on such date; provided that the amount of any such prepayment set forth
above shall be adjusted to account for the addition of any Extended Term Loans or Incremental Term Loans made to the Designated
Borrower 2 to contemplate (A) the reduction in the aggregate principal amount of the Term B-2 Loans that were converted in
connection with the incurrence of such Extended Term Loans and (B) any increase to payments to the extent and as required pursuant
to the terms of any applicable Commitment Increase Amendment involving an increase to the Term B-2 Loans.

 

(v)Incremental
Term Loans. The applicable Borrower shall repay the outstanding principal amount of each Incremental Term Loan in the installments
on the dates and in the amounts set forth in the applicable Incremental Term Loan Agreement (as such installments may hereafter
be adjusted as a result of prepayments made pursuant to Section 2.05), unless accelerated sooner pursuant to Section 9.02.

 

(vi)Extended
Term Loans and Extended Revolving Loans. The applicable Borrower shall repay the outstanding principal amount of each Extended
Term Loan in the installments (if applicable), on the dates and in the amounts set forth in the applicable Extension Amendment
(as such installments, if applicable, may hereafter be adjusted as a result of prepayments made pursuant to Section 2.05),
unless accelerated sooner pursuant to Section 9.02.

 

(vii)Refinancing
Term Loans and Refinancing Revolving Loans. The applicable Borrower shall repay the outstanding principal amount of each Refinancing
Term Loan in the installments (if applicable), on the dates and in the amounts set forth in the applicable Refinancing Amendment
(as such installments, if applicable, may hereafter be adjusted as a result of prepayments made pursuant to Section 2.05),
unless accelerated sooner pursuant to Section 9.02.

 

(viii)Revolving
Loans. The Company shall repay to the Lenders (A) under the Revolving Facility on the Revolving Loan Maturity Date the aggregate
principal amount of all Revolving Loans outstanding on such date, unless accelerated sooner pursuant to Section 9.02,
(B) holding Extended Revolving Commitments or Refinancing Revolving Commitments, as the case may be, on the Maturity Date with
respect thereto, the aggregate principal amount of all Loans outstanding under such Commitments on such date, unless accelerated
sooner pursuant to Section 9.02.

 

2.08Interest.

 

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

 

    - 98 -

     

    

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

 

(ii)If
any amount (other than principal of any Loan) payable by either Borrower under any Loan Document is not paid when due (without
regard to any applicable grace periods), whether at stated maturity, by acceleration or otherwise, then upon the request of the
Required Lenders (unless an Event of Default exists under Section 9.01(f) or (g), in which case no such request shall
be required), such amount shall thereafter bear interest at a fluctuating interest rate per annum at all times equal to the Default
Rate to the fullest extent permitted by applicable Laws.

 

(iii)Without
duplication of clause (i), each Borrower upon the request of the Required Lenders, while any Event of Default exists, shall
pay interest on the principal amount of all outstanding Obligations owed by such Borrower hereunder at a fluctuating interest rate
per annum at all times equal to the Default Rate to the fullest extent permitted by applicable Laws.

 

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

 

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

 

(d)If a tax deduction
is required by Swiss law to be made by a Guarantor in respect of any interest payable by it under this Agreement in circumstances
where Section 3.01(a) is unenforceable for any reason, the applicable interest rate in relation to that interest payment
shall be (i) the interest rate which would have applied to that interest payment (as provided for in clause (a) above in the absence
of this clause (d)) divided by (ii) 1 minus the rate at which the relevant tax deduction is required to be made (where the rate
at which the relevant tax deduction is required to be made is for this purpose expressed as a fraction of 1 rather than as a percentage)
and all references to a rate of interest in clause (a) above shall be construed accordingly.

 

2.09Fees.

 

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

 

(a)Revolving
Commitment Fee. The Company shall pay to the Administrative Agent, for the account of each Revolving Lender in accordance with
its Applicable Revolving Percentage, a commitment fee equal to the product of (i) the Applicable Rate for commitment fees times
(ii) the actual daily amount by which the Aggregate Revolving Commitments exceed the sum of (y) the Outstanding Amount of Revolving
Loans and (z) the Outstanding Amount of

 

    - 99 -

     

    

L/C Obligations, subject to adjustment
as provided in Section 2.15. The commitment fee shall accrue at all times during the Availability Period, including
at any time during which one or more of the conditions in Article V is not met, and shall be due and payable quarterly in
arrears on the last Business Day of each March, June, September and December, commencing with the first such date to occur after
the Closing Date, and on the last day of the Availability Period. The commitment fee shall be calculated quarterly in arrears,
and if there is any change in the Applicable Rate during any quarter, the actual daily amount shall be computed and multiplied
by the Applicable Rate separately for each period during such quarter that such Applicable Rate was in effect.

 

(b)Repricing
Transaction. At the time of the effectiveness of any Repricing Transaction that is consummated prior to the six-month anniversary
of the Closing Date, the Borrowers agree to pay to the Administrative Agent, for the ratable account of each Term Lender with outstanding
Term B-1 Loans and/or Term B-2 Loans (including each Term Lender that withholds its consent to such Repricing Transaction and is
replaced as a Non-Consenting Lender under Section 11.13), a fee in an amount equal to 1.0% of (x) in the case of a Repricing
Transaction of the type described in clause (a) of the definition thereof, the aggregate principal amount of all Term B-1
Loans and/or Term B-2 Loans prepaid in connection with such Repricing Transaction and (y) in the case of a Repricing Transaction
described in clause (b) of the definition thereof, the aggregate principal amount of all Term B-1 Loans and/or Term B-2
Loans outstanding on such date that are subject to an effective pricing reduction pursuant to such Repricing Transaction. Such
fees shall be due and payable upon the date of the effectiveness of such Repricing Transaction.

 

(c)Fee Letter.
The Company shall pay to the Arrangers, the Co-Managers, the Administrative Agent and the Lenders for their own respective accounts
fees, in Dollars, in the amounts and at the times specified in the Fee Letter. Such fees shall be fully earned when paid and shall
be non-refundable for any reason whatsoever.

 

2.10Computation
of Interest and Fees.

 

All computations of
interest for Base Rate Loans (including Base Rate Loans determined by reference to the Eurocurrency Rate) shall be made on the
basis of a year of 365 or 366 days, as the case may be, and actual days elapsed. All other computations of fees and interest shall
be made on the basis of a 360-day year and actual days elapsed (which results in more fees or interest, as applicable, being paid
than if computed on the basis of a 365-day year), or, in the case of interest in respect of Loans denominated in Alternative Currencies
as to which market practice differs from the foregoing, in accordance with such market practice. Interest shall accrue on each
Loan for the day on which the Loan is made, and shall not accrue on a Loan, or any portion thereof, for the day on which the Loan
or such portion is paid, provided that any Loan that is repaid on the same day on which it is made shall, subject to Section 2.12(a),
bear interest for one day. Each determination by the Administrative Agent of an interest rate or fee hereunder shall be conclusive
and binding for all purposes, absent manifest error.

 

    - 100 -

     

    

2.11Evidence
of Debt.

 

(a)The Credit Extensions
made by each Lender shall be evidenced by one or more accounts or records maintained by such Lender and by the Administrative Agent
in the ordinary course of business. The accounts or records maintained by the Administrative Agent and each Lender shall be prima
facie evidence absent manifest error of the amount of the Credit Extensions made by the Lenders to the Borrowers and the interest
and payments thereon. Any failure to so record or any error in doing so shall not, however, limit or otherwise affect the obligation
of each Borrower hereunder to pay any amount owing by such Borrower with respect to the Obligations. In the event of any conflict
between the accounts and records maintained by any Lender and the accounts and records of the Administrative Agent in respect of
such matters, the accounts and records of the Administrative Agent shall control in the absence of manifest error. Upon the request
of any Lender made through the Administrative Agent, each Borrower shall execute and deliver to such Lender (through the Administrative
Agent) one or more Notes, which shall evidence such Lender’s Loans in addition to such accounts or records. Each Lender may
attach schedules to its Note and endorse thereon the date, Class, Type (if applicable), amount, currency and maturity of its Loans
and payments with respect thereto.

 

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

 

2.12Payments
Generally; Administrative Agent’s Clawback.

 

(a)General.
All payments to be made by each Borrower shall be made without condition or deduction for any counterclaim, defense, recoupment
or setoff. Except as otherwise expressly provided herein and except with respect to principal of and interest on Loans denominated
in an Alternative Currency, all payments by each Borrower hereunder shall be made to the Administrative Agent, for the account
of the respective Lenders to which such payment is owed, at the Administrative Agent’s Office in Dollars and in Same Day
Funds not later than 2:00 p.m. on the date specified herein. Except as otherwise expressly provided herein, all payments by each
Borrower hereunder with respect to principal and interest on Loans denominated in an Alternative Currency shall be made to the
Administrative Agent, for the account of the respective Lenders to which such payment is owed, at the applicable Administrative
Agent’s Office in such Alternative Currency and in Same Day Funds not later than the Applicable Time specified by the Administrative
Agent on the dates specified herein. Without limiting the generality of the foregoing, the Administrative Agent may require that
any payments due under this Agreement be made in the United States. If, for any reason, a Borrower is prohibited by any Law from
making any required payment hereunder in an Alternative Currency, such Borrower shall make such payment in Dollars in the Dollar
Equivalent of the Alternative Currency payment amount. The Administrative Agent will promptly distribute to each Lender its Applicable
Percentage in respect of the relevant Facility (or other applicable

 

    - 101 -

     

    

share as provided herein) of such payment
in like funds as received by wire transfer to such Lender’s Lending Office. All payments received by the Administrative Agent
after (i)  2:00 p.m., in the case of payments in Dollars, or (ii) the Applicable Time specified by the Administrative Agent
in the case of payments in an Alternative Currency, may, as determined by the Administrative Agent in its sole discretion, be deemed
received on the next succeeding Business Day (except for purposes of determining whether an Event of Default has occurred) and
any applicable interest or fee shall continue to accrue. If any payment to be made by a Borrower shall come due on a day other
than a Business Day, payment shall be made on the next following Business Day, and such extension of time shall be reflected on
computing interest or fees, as the case may be.

 

(b)(i)Funding
by Lenders; Presumption by Administrative Agent. Unless the Administrative Agent shall have received notice from a Lender prior
to the proposed date of any Borrowing of Eurocurrency Rate Loans (or, in the case of any Borrowing of Base Rate Loans, prior to
12:00 noon on the date of such 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 Section 2.02 (or, in the case of a Borrowing of Base Rate Loans, that such Lender has made such share available
in accordance with and at the time required by Section 2.02) and may, in reliance upon such assumption, make available
to the applicable 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 applicable Borrower severally agree to pay to the
Administrative Agent forthwith on demand such corresponding amount in Same Day Funds with interest thereon, for each day from and
including the date such amount is made available to the applicable Borrower to but excluding the date of payment to the Administrative
Agent, at (A) in the case of a payment to be made by such Lender, the Overnight Rate, plus any administrative, processing or similar
fees customarily charged by the Administrative Agent in connection with the foregoing, and (B) in the case of a payment to be made
by the applicable Borrower, the interest rate applicable to the other Loans included in such Borrowing. If the applicable Borrower
and such Lender shall pay such interest to the Administrative Agent for the same or an overlapping period, the Administrative Agent
shall promptly remit to the applicable Borrower the amount of such interest paid by the applicable Borrower for such period. If
such Lender pays its share of the applicable Borrowing to the Administrative Agent, then the amount so paid shall constitute such
Lender’s Loan included in such Borrowing. Any payment by the applicable Borrower shall be without prejudice to any claim
the applicable Borrower may have against a Lender that shall have failed to make such payment to the Administrative Agent.

 

(ii)Payments
by the Borrowers; Presumptions by the Administrative Agent. Unless the Administrative Agent shall have received notice from
the Company prior to the time at which any payment is due to the Administrative Agent for the account of the Lenders or the Applicable
L/C Issuer hereunder that the applicable Borrower will not make such payment, the Administrative Agent may assume that the applicable
Borrower has made such payment on such date in accordance herewith and may, in reliance upon such assumption, distribute to the
Appropriate Lenders or the Applicable L/C Issuer, as the case may be, the amount due. In such event, if the applicable Borrower
has not in

 

    - 102 -

     

    

fact made such payment, then
each of the Appropriate Lenders or the Applicable L/C Issuer, as the case may be, severally agrees to repay to the Administrative
Agent forthwith on demand the amount so distributed to such Lender or the Applicable L/C Issuer, in Same Day Funds with interest
thereon, for each day from and including the date such amount is distributed to it to but excluding the date of payment to the
Administrative Agent, at the Overnight Rate.

 

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

 

(c)Failure to
Satisfy Conditions Precedent. If any Lender makes available to the Administrative Agent funds for any Loan to be made by such
Lender as provided in the foregoing provisions of this Article II, and such funds are not made available to the applicable
Borrower by the Administrative Agent because the conditions to the applicable Credit Extension set forth in Article V are
not satisfied or waived in accordance with the terms hereof, the Administrative Agent shall return such funds (in like funds as
received from such Lender) to such Lender, without interest.

 

(d)Obligations
of Lenders Several. The obligations of the Lenders hereunder to make Loans, to fund participations in Letters of Credit and
to make payments pursuant to Section 11.04(c) are several and not joint. The failure of any Lender to make any Loan,
to fund any such participation or to make any payment under Section 11.04(c) on any date required hereunder shall not
relieve any other Lender of its corresponding obligation to do so on such date, and no Lender shall be responsible for the failure
of any other Lender to so make its Loan, to purchase its participation or to make its payment under Section 11.04(c).

 

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

 

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

 

2.13Sharing
of Payments by Lenders.

 

If any Lender shall,
by exercising any right of setoff or counterclaim or otherwise, obtain payment in respect of (a) Obligations in respect of any
of the Facilities due and payable to such Lender hereunder and under the other Loan Documents at such time in excess of its ratable
share (according to the proportion of (i) the amount of such Obligations due and payable to such Lender at such time to (ii) the
aggregate amount of the Obligations in respect of the Facilities

 

    - 103 -

     

    

due and payable to all Lenders hereunder
and under the other Loan Documents at such time) of payments on account of the Obligations in respect of the Facilities due and
payable to all Lenders hereunder and under the other Loan Documents at such time obtained by all the Lenders at such time or (b)
Obligations in respect of any of the Facilities owing (but not due and payable) to such Lender hereunder and under the other Loan
Documents at such time in excess of its ratable share (according to the proportion of (i) the amount of such Obligations owing
(but not due and payable) to such Lender at such time to (ii) the aggregate amount of the Obligations in respect of the Facilities
owing (but not due and payable) to all Lenders hereunder and under the other Loan Parties at such time) of payment on account of
the Obligations in respect of the Facilities owing (but not due and payable) to all Lenders hereunder and under the other Loan
Documents at such time obtained by all of the Lenders at such time, then the Lender receiving such greater proportion shall (a)
notify the Administrative Agent of such fact, and (b) purchase (for cash at face value) participations in the Loans and subparticipations
in L/C Obligations of the other Lenders, or make such other adjustments as shall be equitable, so that the benefit of all such
payments shall be shared by the Lenders ratably in accordance with the aggregate amount of Obligations in respect of the Facilities
then due and payable to the Lenders or owing (but not due and payable) to the Lenders, as the case may be, provided that:

 

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

 

(ii)the
provisions of this Section shall not be construed to apply to (A) any payment made by or on behalf of the Borrowers pursuant
to and in accordance with the express terms of this Agreement (including the application of funds arising from the existence of
a Defaulting Lender), (B) the application of Cash Collateral provided for in Section 2.14, or (C) any payment obtained
by a Lender as consideration for the assignment of or sale of a participation in any of its Loans or subparticipations in L/C Obligations
to any assignee or participant, other than an assignment to any Loan Party or any Subsidiary thereof other than in accordance with
Section 11.06(i) (as to which the provisions of this Section shall apply).

 

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

 

Notwithstanding anything
to the contrary contained in this Section 2.13 or elsewhere in this Agreement, the applicable Borrowers may extend the final
maturity of Loans and/or Commitments in connection with an Extension that is permitted under Section 2.18 without being
obligated to effect such extensions on a pro rata basis among the Lenders (it being understood that no such extension (i)
shall constitute a payment or prepayment of any Loans, for purposes of this Section 2.13 or (ii) shall reduce the amount
of any scheduled amortization

 

    - 104 -

     

    

payment due under Section 2.07,
except that the amount of any scheduled amortization payment due to a Lender of Extended Term Loans may be reduced to the extent
provided pursuant to the express terms of the respective Extension Amendment) without giving rise to any violation of this Section
2.13 or any other provision of this Agreement. Furthermore, the applicable Borrower may take all actions contemplated by Section
2.18 in connection with any Extension (including modifying pricing, amortization and repayments or prepayments), and in each
case such actions shall be permitted, and the differing payments contemplated therein shall be permitted without giving rise to
any violation of this Section 2.13 or any other provision of this Agreement.

 

2.14Cash Collateral

 

(a)Certain Credit
Support Events. Upon the request of the Administrative Agent or the Applicable L/C Issuer if, as of the Letter of Credit Expiration
Date, any undrawn Letter of Credit remains outstanding, the Company shall, in each case (but subject to Section 2.03(l)),
immediately Cash Collateralize the then Outstanding Amount of all undrawn Letters of Credit. At any time that there shall exist
a Defaulting Lender, promptly, and in any event within three (3) Business Days, after receipt of written notice from the Administrative
Agent or the Applicable L/C Issuer, the Company shall deliver to the Administrative Agent Cash Collateral in an amount sufficient
to cover all Fronting Exposure (after giving effect to Section 2.15(a)(iv) and any Cash Collateral provided by the
Defaulting Lender).

 

(b)Grant of
Security Interest. All Cash Collateral (other than credit support not constituting funds subject to deposit) shall be maintained
in blocked, non-interest bearing deposit accounts at DBNY. The Company, and to the extent provided by any Lender, such Lender,
shall grant to (and subject to the control of) the Administrative Agent, for the benefit of the Administrative Agent, each Applicable
L/C Issuer and the Lenders, and shall maintain, a first priority security interest in all such cash, deposit accounts and all balances
therein, and all other property so provided as collateral pursuant hereto, and in all proceeds of the foregoing, all as security
for the obligations to which such Cash Collateral may be applied pursuant to Section 2.14(c). If at any time the Administrative
Agent determines that Cash Collateral is subject to any prior or pari passu right or claim of any Person other than the Administrative
Agent as herein provided, or that the total amount of such Cash Collateral is less than the applicable Fronting Exposure and other
obligations secured thereby, the Company or the relevant Defaulting Lender will, promptly upon demand by the Administrative Agent,
pay or provide to the Administrative Agent additional Cash Collateral in an amount sufficient to eliminate such deficiency.

 

(c)Application.
Notwithstanding anything to the contrary contained in this Agreement, Cash Collateral provided under any of this Section 2.14
or Sections 2.03, 2.05, 2.15 or 9.02 in respect of Letters of Credit shall be held and applied to the
satisfaction of the specific L/C Obligations, obligations to fund participations therein (including, as to Cash Collateral provided
by a Defaulting Lender, any interest accrued on such obligation) and other obligations

 

    - 105 -

     

    

for which the Cash Collateral was so provided,
prior to any other application of such property as may be provided for herein.

 

(d)Release.
Cash Collateral (or the appropriate portion thereof) provided to reduce Fronting Exposure or other obligations shall be released
promptly following (i) the elimination of the applicable Fronting Exposure or other obligations giving rise thereto (including
by the termination of Defaulting Lender status of the applicable Revolving Lender (or, as appropriate, its assignee following compliance
with Section 11.06(b)(vii))) or (ii) the Administrative Agent’s good faith determination that there exists excess
Cash Collateral; provided, however, (x) that Cash Collateral furnished by or on behalf of a Loan Party shall not
be released during the continuance of an Event of Default (and following application as provided in this Section 2.14
may be otherwise applied in accordance with Section 9.03), and (y) the Person providing Cash Collateral and each Applicable
L/C Issuer may agree that Cash Collateral shall not be released but instead held to support future anticipated Fronting Exposure
or other obligations.

 

2.15Defaulting
Lenders.

 

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

 

(i)Waivers
and Amendments. That Defaulting Lender’s right to approve or disapprove any amendment, waiver or consent with respect
to this Agreement shall be restricted as set forth in Section 11.01.

 

(ii)Reallocation
of Payments. Any payment of principal, interest, fees or other amounts received by the Administrative Agent for the account
of that Defaulting Lender (whether voluntary or mandatory, at maturity, pursuant to Article IX or otherwise, and including
any amounts made available to the Administrative Agent by that Defaulting Lender pursuant to Section 11.08), shall
be applied at such time or times as may be determined by the Administrative Agent as follows: first, to the payment of any
amounts owing by that Defaulting Lender to the Administrative Agent hereunder; second, to the payment on a pro rata
basis of any amounts owing by that Defaulting Lender to any L/C Issuer hereunder; third, if so determined by the Administrative
Agent or requested by any Applicable L/C Issuer, to be held as Cash Collateral for future funding obligations of that Defaulting
Lender of any participation in any Letter of Credit issued by such Applicable L/C Issuer; fourth, as the Company may request
(so long as no Default exists), to the funding of any Loan in respect of which that Defaulting Lender has failed to fund its portion
thereof as required by this Agreement, as determined by the Administrative Agent; fifth, if so determined by the Administrative
Agent and the Company, to be held in a non-interest bearing deposit account and released in order to satisfy obligations of that
Defaulting Lender to fund Loans under this Agreement; sixth, to the payment of any amounts owing to the Lenders or any L/C
Issuer as a result of any judgment of a court of competent jurisdiction obtained by any Lender or any L/C Issuer against that Defaulting
Lender as a result of that Defaulting Lender’s breach of its

 

    - 106 -

     

    

obligations under this Agreement;
seventh, so long as no Default exists, to the payment of any amounts owing to the applicable Borrower as a result of any
judgment of a court of competent jurisdiction obtained by the applicable Borrower against that Defaulting Lender as a result of
that Defaulting Lender’s breach of its obligations under this Agreement; and eighth, to that Defaulting Lender or
as otherwise directed by a court of competent jurisdiction; provided that if (x) such payment is a payment of the principal
amount of any Loans or L/C Borrowings in respect of which that Defaulting Lender has not fully funded its appropriate share and
(y) such Loans or L/C Borrowings were made at a time when the conditions set forth in Section 5.02 were satisfied or
waived, such payment shall be applied solely to pay the Loans of, and L/C Borrowings owed to, all non-Defaulting Lenders on a pro
rata basis prior to being applied to the payment of any Loans of, or L/C Borrowings owed to, that Defaulting Lender. Any payments,
prepayments or other amounts paid or payable to a Defaulting Lender that are applied (or held) to pay amounts owed by a Defaulting
Lender or to post Cash Collateral pursuant to this Section 2.15(a)(ii) shall be deemed paid to and redirected by that
Defaulting Lender, and each Lender irrevocably consents hereto.

 

(iii)Certain
Fees. That Defaulting Lender (x) shall not be entitled to receive any commitment fee pursuant to Section 2.09(a)
for any period during which that Lender is a Defaulting Lender (and the applicable Borrower shall not be required to pay any such
fee that otherwise would have been required to have been paid to that Defaulting Lender) and (y) shall be limited in its right
to receive Letter of Credit Fees as provided in Section 2.03(h).

 

(iv)Reallocation
of Applicable Percentages to Reduce Fronting Exposure. During any period in which there is a Defaulting Lender, for purposes
of computing the amount of the obligation of each non-Defaulting Lender to acquire, refinance or fund participations in Letters
of Credit pursuant to Section 2.03, the “Applicable Percentage” of each Revolving Lender that is a non-Defaulting
Lender shall be computed without giving effect to the Revolving Commitment of that Defaulting Lender; provided, that, the
aggregate obligation of each Revolving Lender that is a non-Defaulting Lender to acquire, refinance or fund participations in Letters
of Credit shall not exceed the positive difference, if any, of (1) the Revolving Commitment of that Revolving Lender that is a
non-Defaulting Lender minus (2) the aggregate Outstanding Amount of the Revolving Loans of that Revolving Lender.

 

(b)Defaulting
Lender Cure. If the applicable Borrower, the Administrative Agent and the L/C Issuers agree in writing in their sole discretion
that a Defaulting Lender should no longer be deemed to be a Defaulting Lender, the Administrative Agent will so notify the parties
hereto, whereupon as of the effective date specified in such notice and subject to any conditions set forth therein (which may
include arrangements with respect to any Cash Collateral), that Revolving Lender will, to the extent applicable, purchase that
portion of outstanding Revolving Loans of the other Revolving Lenders or take such other actions as the Administrative Agent may
determine to be necessary to cause the Revolving Loans and funded and unfunded participations in Letters of Credit to be held on
a pro rata basis by the Revolving Lenders in

 

    - 107 -

     

    

accordance with their Applicable Percentages
(without giving effect to Section 2.15(a)(iv)), whereupon that Revolving Lender will cease to be a Defaulting Lender;
provided that no adjustments will be made retroactively with respect to fees accrued or payments made by or on behalf of
the Company while that Revolving Lender was a Defaulting Lender; and provided, further, that except to the extent
otherwise expressly agreed by the affected parties, no change hereunder from Defaulting Lender to Revolving Lender will constitute
a waiver or release of any claim of any party hereunder arising from that Lender’s having been a Defaulting Lender.

 

2.16Special
Provisions Relating to a Re-Allocation Event.

 

(a) On the date
of the occurrence of a Re-Allocation Event, automatically (and without the taking of any action), (i) all then outstanding Revolving
Loans denominated in an Alternative Currency and all Unreimbursed Amounts in respect of Letters of Credit issued for the account
of the Company owed in an Alternative Currency, shall be automatically converted into Revolving Loans maintained in, and Unreimbursed
Amounts owing by the Company in, Dollars (in an amount equal to the Dollar Equivalent of the aggregate principal amount of the
respective Loans or Unreimbursed Amounts on the date such Re-Allocation Event first occurred, which Revolving Loans or Unreimbursed
Amounts (x) shall continue to be owed by the Company, (y) shall at all times thereafter be deemed to be Base Rate Loans and (z)
shall be immediately due and payable on the date such Re-Allocation Event has occurred) and (ii) all principal, accrued and unpaid
interest and other amounts owing with respect to such Revolving Loans and Unreimbursed Amounts shall be immediately due and payable
in Dollars, taking the Dollar Equivalent of such principal amount, accrued and unpaid interest and other amounts. The occurrence
of any conversion of Revolving Loans or Unreimbursed Amounts to Base Rate Loans as provided above in this Section 2.16(a)
shall be deemed to constitute, for purposes of Section 3.05, a prepayment of Revolving Loans before the last day of any
Interest Period relating thereto.

 

(b)Upon and after
the occurrence of a Re-Allocation Event, all amounts from time to time accruing with respect to, and all amounts from time to time
payable on account of, Revolving Loans denominated in an Alternative Currency (including, without limitation, any interest and
other amounts which were accrued but unpaid on the date of such Re-Allocation Event) and Unreimbursed Amounts owing in an Alternative
Currency shall be payable in Dollars (taking the Dollar Equivalents of all such amounts on the date of the occurrence of the respective
Re-Allocation Event, with all calculations for periods after the Re-Allocation Event being made as if the respective such Revolving
Loan or Unreimbursed Amount had originally been made in Dollars) and shall be distributed by the Administrative Agent for the account
of appropriate Lenders which made such Revolving Loans or are participating therein.

 

2.17Refinancing
Amendments

 

(a)On one or more
occasions after the Closing Date, the Company (or, to the extent permitted under clause (vi) to the first proviso appearing
in the definition of “Credit Agreement Refinancing Indebtedness”, a Designated Borrower) may obtain, from any Lender
or any Additional Refinancing Lender, Credit Agreement Refinancing Indebtedness in respect of all or any portion of the Term Loans
and the Loans (or unused Commitments) under the Revolving

 

    - 108 -

     

    

Facility then outstanding under this Agreement
(which for purposes of this Section 2.17(a) will be deemed to include any then outstanding Refinancing Term Loans, Incremental
Term Loans, Extended Term Loans, Replacement Term Loans, Refinancing Revolving Loans or Extended Revolving Loans), in the form
of Refinancing Term Loans, Refinancing Term Commitments, Refinancing Revolving Commitments or Refinancing Revolving Loans pursuant
to a Refinancing Amendment; provided that notwithstanding anything to the contrary in this Section 2.17 or
otherwise, (1) the borrowing and repayment (except for (A) payments of interest and fees at different rates on Refinancing
Revolving Commitments (and related outstandings), (B) repayments required upon the Maturity Date of the Revolving Facility (and
related outstandings), the Refinancing Revolving Commitments of a given Refinancing Series (and related outstandings) or the Extended
Revolving Commitments of a given Extension Series (and related outstandings), in each case having an earlier Maturity Date and
(C) repayments made in connection with a permanent repayment and termination of commitments under the Revolving Facility, the Refinancing
Revolving Commitments of a given Refinancing Series or the Extended Revolving Commitments of a given Extension Series, in each
case having an earlier Maturity Date (subject to clause (3) below)) of Loans with respect to Refinancing Revolving Commitments
of a given Refinancing Series after the date of obtaining such Refinancing Revolving Commitments shall be made on a pro rata
basis with the Revolving Commitments and all other Classes of Extended Revolving Commitments and Refinancing Revolving Commitments
then existing, (2) subject to the provisions of Section 2.03(l) to the extent dealing with Letters of Credit which mature
or expire after a maturity date when there exist Extended Revolving Commitments of a given Extension Series and/or Refinancing
Revolving Commitments of a given Refinancing Series with a longer Maturity Date, all Letters of Credit shall be participated on
a pro rata basis by all Lenders with Revolving Commitments, Extended Revolving Commitments and Refinancing Revolving Commitments
in accordance with their percentage of the Commitments under the applicable Classes (and except as provided in Section 2.03(l),
without giving effect to changes thereto on an earlier Maturity Date with respect to Letters of Credit theretofore incurred or
issued), (3) the permanent repayment of Loans under, and termination of, Refinancing Revolving Commitments of a given Refinancing
Series after the date of obtaining such Refinancing Revolving Commitments shall be made on a pro rata basis with the Revolving
Commitments and all other Classes of Extended Revolving Commitments and Refinancing Revolving Commitments then existing, except
that the Company shall be permitted to permanently repay and terminate commitments of any such Class on a greater than a pro
rata basis as compared to any other such Class with a later Maturity Date and (4) assignments and participations of Refinancing
Revolving Commitments and Refinancing Revolving Loans shall be governed by the same assignment and participation provisions applicable
to the Revolving Commitments (and related outstandings) and each other Class of Extended Revolving Commitments and Refinancing
Revolving Commitments (and related outstandings). No Lender shall be obligated to provide any Credit Agreement Refinancing Indebtedness,
unless it so agrees.

 

(b)The effectiveness
of any Refinancing Amendment shall be subject to the satisfaction (or waiver in accordance with the terms of such Refinancing Amendment)
on the date thereof of each of the conditions set forth in Section 5.02 and, to the extent reasonably requested by the Administrative
Agent, receipt by the Administrative Agent of (i) customary

 

    - 109 -

     

    

legal opinions, board resolutions and officers’
certificates consistent with those delivered on the Closing Date other than changes to such legal opinion resulting from a change
in law, change in fact or change to counsel’s form of opinion reasonably satisfactory to the Administrative Agent and (ii) reaffirmation
agreements and/or such amendments to the Collateral Documents as may be reasonably requested by the Administrative Agent in order
to ensure that such Credit Agreement Refinancing Indebtedness is provided with the benefit of the applicable Loan Documents.

 

(c)Each issuance
of Credit Agreement Refinancing Indebtedness under Section 2.17(a) shall be in an aggregate principal amount that is (x)
not less than $10,000,000 and (y) an integral multiple of $1,000,000 in excess thereof (subject to clause (ii) of the proviso to
the definition thereof).

 

(d)Each of the
parties hereto hereby agrees that this Agreement and the other Loan Documents may be amended pursuant to a Refinancing Amendment,
without the consent of any Lenders (other than those described in clause (c) of the definition of “Refinancing Amendment”),
to the extent (but only to the extent) necessary to (i) reflect the existence and terms of the Credit Agreement Refinancing
Indebtedness incurred pursuant thereto and (ii) effect such other amendments to this Agreement and the other Loan Documents as
may be necessary or appropriate, in the reasonable opinion of the Administrative Agent and the Borrowers, to effect the provisions
of this Section 2.17 (including, without limitation, such amendments as may be considered necessary or appropriate to integrate
any new Class of Refinancing Revolving Commitments), and the Required Lenders hereby expressly authorize the Administrative Agent
to enter into any such Refinancing Amendment.

 

(e)This Section
2.17 shall supersede any provisions in Section 2.13 or 11.01 to the contrary.

 

2.18Extension
of Term Loans; Extension of Revolving Loans.

 

(a)Extension
of Term Loans. The applicable Borrowers may at any time and from time to time request that all or a portion of the Term Loans
of a given Class (each, an “Existing Term Loan Tranche”) be amended to extend the scheduled Maturity Date(s)
with respect to all or a portion of any principal amount of such Term Loans (any such Term Loans which have been so amended, “Extended
Term Loans”) and to provide for other terms consistent with this Section 2.18. In order to establish any Extended
Term Loans, the applicable Borrower shall provide a notice to the Administrative Agent (who shall provide a copy of such notice
to each of the Lenders under the applicable Existing Term Loan Tranche) (each, a “Term Loan Extension Request”)
setting forth the proposed terms of the Extended Term Loans to be established, which shall (x) be identical as offered to each
Lender under such Existing Term Loan Tranche (including as to the proposed interest rates and fees payable) and offered pro
rata to each Lender under such Existing Term Loan Tranche and (y) (except as to interest rates, fees, amortization, final maturity
date, “AHYDO” payments, optional prepayments and redemptions, mandatory repayments, premium, required prepayment dates
and participation in prepayments, which shall be determined by the applicable Borrower and the Extending Term Lenders and set forth
in the relevant Term Loan Extension Request), be substantially identical to, or (taken as a whole) no

 

    - 110 -

     

    

more favorable to the Extending Term Lenders
than those applicable to the Existing Term Loan Tranche subject to such Term Loan Extension Request (except for covenants or other
provisions applicable only to periods after the Latest Maturity Date that is in effect on the effective date of the Extension Amendment
(immediately prior to the establishment of such Extended Term Loans)) (as reasonably determined by the applicable Borrower), including:
(i) all or any of the scheduled amortization payments of principal of the Extended Term Loans may be delayed to later dates than
the scheduled amortization payments of principal of the Term Loans of such Existing Term Loan Tranche, to the extent provided in
the applicable Extension Amendment; provided, however, that at no time shall there be Classes of Term Loans
hereunder (including Incremental Term Loans, Refinancing Term Loans, Replacement Term Loans and Extended Term Loans) which have
more than five different Maturity Dates; (ii) the Effective Yield, pricing, optional prepayment and redemptions, mandatory repayments
and “AHYDO” payments with respect to the Extended Term Loans (whether in the form of interest rate margin, upfront
fees, original issue discount or otherwise) may be different than the Effective Yield, pricing, optional prepayments and redemptions,
mandatory repayments and “AHYDO” payments for the Term Loans of such Existing Term Loan Tranche, in each case, to the
extent provided in the applicable Extension Amendment; (iii) the Extension Amendment may provide for other covenants and terms
that apply solely to any period after the Latest Maturity Date that is in effect on the effective date of the Extension Amendment
(immediately prior to the establishment of such Extended Term Loans); and (iv) Extended Term Loans may have call protection as
may be agreed by the applicable Borrower and the Lenders thereof; provided that no Extended Term Loans (x) incurred
by a Designated Borrower with respect to Term A-1 Loans, Term A-2 Loans or Term B-2 Loans may be optionally or mandatorily prepaid
prior to the date on which all such Term A-1 Loans, Term A-2 Loans or Term B-2 Loans, and all other Extended Term Loans, Refinancing
Term Loans and Replacement Term Loans incurred by a Designated Borrower, in each case with an earlier final stated maturity (including
Term Loans under the Existing Term Loan Tranche from which they were amended) are repaid in full, unless such optional or mandatory
prepayment is accompanied by a pro rata optional or mandatory prepayment of such other Classes of Term Loans and (y) not
described in preceding clause (x) may be optionally or mandatorily prepaid prior to the date on which all such Term Loans with
an earlier final stated maturity (including Term Loans under the Existing Term Loan Tranche from which they were amended) are repaid
in full, unless such optional or mandatory prepayment is accompanied by a pro rata optional or mandatory prepayment of such
other Classes of Term Loans; provided, further, that (A) no Event of Default shall have occurred and be continuing
at the time a Term Loan Extension Request is delivered to Lenders, (B) in no event shall the final maturity date of any Extended
Term Loans of a given Term Loan Extension Series at the time of establishment thereof be earlier than the Maturity Date of the
applicable Existing Term Loan Tranche, (C) the Weighted Average Life to Maturity of any Extended Term Loans of a given Term Loan
Extension Series at the time of establishment thereof shall be no shorter (other than by virtue of amortization or prepayment of
such Indebtedness prior to the time of incurrence of such Extended Term Loans) than the remaining Weighted Average Life to Maturity
of the applicable Existing Term Loan Tranche, (D) all documentation in respect of such Extension Amendment shall be consistent
with the foregoing and (E) any Extended Term Loans (x) incurred by a Designated Borrower with respect to Term A-1 Loans, Term A-2
Loans or Term B-2 Loans may participate on a pro rata basis or less than a pro rata basis (but not greater than a
pro rata basis)

 

    - 111 -

     

    

in any voluntary or mandatory repayments
or prepayments hereunder with respect to any Term A-1 Loans, Term A-2 Loans or Term B-2 Loans, and any other Extended Term Loans,
Refinancing Term Loans and Replacement Term Loans incurred by a Designated Borrower and (y) not described in preceding clause (x)
may participate on a pro rata basis or less than a pro rata basis (but not greater than a pro rata basis)
in any voluntary or mandatory repayments or prepayments hereunder with respect to any other Class of Term Loans, in each case as
specified in the respective Term Loan Extension Request. Any Extended Term Loans amended pursuant to any Term Loan Extension Request
shall be designated a series (each, a “Term Loan Extension Series”) of Extended Term Loans for all purposes
of this Agreement; provided that any Extended Term Loans amended from an Existing Term Loan Tranche may, to the extent
provided in the applicable Extension Amendment, be designated as an increase in any previously established Term Loan Extension
Series with respect to such Existing Term Loan Tranche (in which case scheduled amortization with respect thereto shall be proportionally
increased). Each Term Loan Extension Series of Extended Term Loans incurred under this Section 2.18 shall be in an aggregate
principal amount that is not less than $10,000,000 (or, if less, the entire principal amount of the Indebtedness being extended
pursuant to this Section 2.18(a)).

 

(b)Extension
of Revolving Commitments. The Company may, at any time and from time to time, request that all or a portion of the Revolving
Facility (each, an “Existing Revolver Tranche”) be amended to extend the Maturity Date with respect to all or
a portion of any principal amount of the Commitments under the Revolving Facility (any such Commitments under the Revolving Facility
which have been so amended, “Extended Revolving Commitments”) and to provide for other terms consistent with
this Section 2.18. In order to establish any Extended Revolving Commitments, the Company shall provide a notice to the Administrative
Agent (who shall provide a copy of such notice to each of the Lenders under the applicable Existing Revolver Tranche) (each, a
“Revolver Extension Request”) setting forth the proposed terms of the Extended Revolving Commitments to be established,
which shall (x) be identical as offered to each Lender under such Existing Revolver Tranche (including as to the proposed interest
rates and fees payable) and offered pro rata to each Lender under such Existing Revolver Tranche and (y) except as to interest
rates, fees, optional redemption or prepayment terms, final maturity, and after the final maturity date, any other covenants and
provisions (which shall be determined by the Company and the Extending Revolving Lenders and set forth in the relevant Revolver
Extension Request), the Extended Revolving Commitment extended pursuant to a Revolver Extension Request, and the related outstandings,
shall be a “Revolving Facility” (or related outstandings, as the case may be) with such other terms substantially identical
to, or taken as a whole, no more favorable to the Extending Revolving Lenders, as those applicable to the Existing Revolver Tranche
subject to such Revolver Extension Request (and related outstandings) (as reasonably determined by the Company), including: (i) 
the Effective Yield, pricing, optional prepayment or redemption terms, with respect to extensions of credit under the Extended
Revolving Commitments (whether in the form of interest rate margin, upfront fees, original issue discount or otherwise) may be
different than the Effective Yield, pricing, optional redemption or prepayment terms, for extensions of credit under the Revolving
Facility of such Existing Revolver Tranche, in each case, to the extent provided in the applicable Extension Amendment; (ii) the
Extension Amendment may provide for other covenants (as determined by the Company and Extending Revolving Lenders) and

 

    - 112 -

     

    

terms that apply solely to any period after
the Latest Maturity Date that is in effect on the effective date of the Extension Amendment (immediately prior to the establishment
of such Extended Revolving Commitments); and (iii) (1) the borrowing and repayment (except for (A) payments of interest
and fees at different rates on Extended Revolving Commitments (and related outstandings), (B) repayments required upon the Maturity
Date of the Revolving Facility (and related outstandings), the Refinancing Revolving Commitments of a given Refinancing Series
(and related outstandings) or the Extended Revolving Commitments of a given Extension Series (and related outstandings), in each
case having an earlier Maturity Date and (C) repayments made in connection with a permanent repayment and termination of commitments
under the Revolving Facility, the Refinancing Revolving Commitments of a given Refinancing Series or the Extended Revolving Commitments
of a given Extension Series, in each case having an earlier Maturity Date (subject to clause (3) below)) of Loans with respect
to Extended Revolving Commitments of a given Extension Series after the date of obtaining such Extended Revolving Commitments shall
be made on a pro rata basis with the Revolving Commitments and all other Classes of Extended Revolving Commitments and Refinancing
Revolving Commitments then existing, (2) subject to the provisions of Section 2.03(l) to the extent dealing with Letters
of Credit which mature or expire after a maturity date when there exist Extended Revolving Commitments of a given Extension Series
and/or Refinancing Revolving Commitments of a given Refinancing Series with a longer Maturity Date, all Letters of Credit shall
be participated on a pro rata basis by all Lenders with Revolving Commitments, Extended Revolving Commitments and Refinancing
Revolving Commitments in accordance with their percentage of the Commitments under the applicable Classes (and except as provided
in Section 2.03(l), without giving effect to changes thereto on an earlier Maturity Date with respect to Letters of Credit
theretofore incurred or issued), (3) the permanent repayment of Loans under, and termination of, Extended Revolving Commitments
of a given Extension Series after the date of obtaining such Extended Revolving Commitments shall be made on a pro rata
basis with the Revolving Commitments and all other Classes of Extended Revolving Commitments and Refinancing Revolving Commitments
then existing, except that the Company shall be permitted to permanently repay and terminate commitments of any such Class on a
greater than a pro rata basis as compared to any other such Class with a later Maturity Date and (4) assignments and participations
of Extended Revolving Commitments and Extended Revolving Loans shall be governed by the same assignment and participation provisions
applicable to the Revolving Commitments (and related outstandings) and each other Class of Extended Revolving Commitments (and
related outstandings) and Refinancing Revolving Commitments (and related outstandings); provided, further,
that (A) no Event of Default shall have occurred and be continuing at the time a Revolver Extension Request is delivered to Lenders,
(B) in no event shall the final maturity date of any Extended Revolving Commitments of a given Revolver Extension Series at
the time of establishment thereof be earlier than the Maturity Date of the applicable Existing Revolver Tranche, (C) at no time
shall there be Commitments under revolving credit facilities hereunder (including the Revolving Commitments, Extended Revolving
Commitments of each Extension Series and Refinancing Revolving Commitments of each Refinancing Series) which have more than five
different Maturity Dates and (D) all documentation in respect of such Extension Amendment shall be consistent with the foregoing.
Any Extended Revolving Commitments amended pursuant to any Revolver Extension Request shall be designated a series (each, a “Revolver
Extension Series”) of Extended Revolving

 

    - 113 -

     

    

Commitments for all purposes of this Agreement;
provided that any Extended Revolving Commitments amended from an Existing Revolver Tranche may, to the extent provided
in the applicable Extension Amendment, be designated as an increase in any previously established Revolver Extension Series with
respect to such Existing Revolver Tranche. Each Revolver Extension Series of Extended Revolving Commitments incurred under this
Section 2.18 shall be in an aggregate principal amount that is not less than $10,000,000 (or, if less, the entire principal
amount of the Revolving Commitments being extended pursuant to this under Section 2.18(b)).

 

(c)Extension
Request. The applicable Borrower shall provide the applicable Extension Request at least five Business Days prior to the date
on which Lenders under the Existing Term Loan Tranche or Existing Revolver Tranche, as applicable, are requested to respond (or
such shorter period as agreed by the Administrative Agent), and shall agree to such procedures, if any, as may be established by,
or acceptable to, the Administrative Agent and the applicable Borrower, in each case acting reasonably to accomplish the purposes
of this Section 2.18. Subject to Section 11.13, no Lender shall have any obligation to agree to have any of its Term
Loans of any Existing Term Loan Tranche amended into Extended Term Loans or any of its Revolving Commitments amended into Extended
Revolving Commitments, as applicable, pursuant to any Extension Request. Any Lender holding a Loan under an Existing Term Loan
Tranche (each, an “Extending Term Lender”) wishing to have all or a portion of its Term Loans under the Existing
Term Loan Tranche subject to such Extension Request amended into Extended Term Loans and any Revolving Lender (each, an “Extending
Revolving Lender”) wishing to have all or a portion of its Revolving Commitments under the Existing Revolver Tranche
subject to such Extension Request amended into Extended Revolving Commitments, as applicable, shall notify the Administrative Agent
(each, an “Extension Election”) on or prior to the date specified in such Extension Request of the amount of
its Term Loans under the Existing Term Loan Tranche or Revolving Commitments under the Existing Revolver Tranche, as applicable,
which it has elected to request be amended into Extended Term Loans or Extended Revolving Commitments, as applicable (subject to
any minimum denomination requirements imposed by the Administrative Agent). In the event that the aggregate principal amount of
Term Loans under the Existing Term Loan Tranche or Revolving Commitments under the Existing Revolver Tranche, as applicable, in
respect of which applicable Term Lenders or Revolving Lenders, as the case may be, shall have accepted the relevant Extension Request
exceeds the amount of Extended Term Loans or Extended Revolving Commitments, as applicable, requested to be extended pursuant to
the Extension Request, Term Loans or Revolving Commitments, as applicable, subject to Extension Elections shall be amended to Extended
Term Loans or Revolving Commitments, as applicable, on a pro rata basis (subject to rounding by the Administrative Agent,
which shall be conclusive) based on the aggregate principal amount of Term Loans or Revolving Commitments, as applicable, included
in each such Extension Election.

 

(d)Extension
Amendment. Extended Term Loans and Extended Revolving Commitments shall be established pursuant to an amendment (each, an “Extension
Amendment”) to this Agreement among the Borrowers, the Administrative Agent and each Extending Term Lender or Extending
Revolving Lender, as applicable, providing an Extended Term Loan or Extended Revolving Commitment, as applicable, thereunder, which
shall be

 

    - 114 -

     

    

consistent with the provisions set forth
in Section 2.18(a) or 2.18(b) above, respectively (but which shall not require the consent of any other Lender).
The effectiveness of any Extension Amendment shall be subject to the satisfaction (or waiver in accordance with such Extension
Amendment) on the date thereof of each of the conditions set forth in Section 5.02 and, to the extent reasonably requested
by the Administrative Agent, receipt by the Administrative Agent of (i) legal opinions, board resolutions and officers’
certificates consistent with those delivered on the Closing Date other than changes to such legal opinion resulting from a change
in law, change in fact or change to counsel’s form of opinion reasonably satisfactory to the Administrative Agent and (ii) reaffirmation
agreements and/or such amendments to the Collateral Documents as may be reasonably requested by the Administrative Agent in order
to ensure that the Extended Term Loans or Extended Revolving Commitments, as applicable, are provided with the benefit of the applicable
Loan Documents. The Administrative Agent shall promptly notify each Lender as to the effectiveness of each Extension Amendment.
Each of the parties hereto hereby agrees that this Agreement and the other Loan Documents may be amended pursuant to an Extension
Amendment, without the consent of any other Lenders, to the extent (but only to the extent) necessary to (i) reflect the existence
and terms of the Extended Term Loans or Extended Revolving Commitments (and related outstandings), as applicable, incurred pursuant
thereto, (ii) modify the scheduled repayments set forth in Section 2.07 with respect to any Existing Term Loan Tranche subject
to an Extension Election to reflect a reduction in the principal amount of the Term Loans thereunder in an amount equal to the
aggregate principal amount of the Extended Term Loans amended pursuant to the applicable Extension (with such amount to be applied
ratably to reduce scheduled repayments of such Term Loans required pursuant to Section 2.07), (iii) modify the prepayments
set forth in Section 2.05 to reflect the existence of the Extended Term Loans and the application of prepayments with respect
thereto and (iv) effect such other amendments to this Agreement and the other Loan Documents as may be necessary or appropriate,
in the reasonable opinion of the Administrative Agent and the Borrowers, to effect the provisions of this Section 2.18 (including,
without limitation, such amendments as may be considered necessary or appropriate to integrate any new Class of Extended Revolving
Commitments), and the Required Lenders hereby expressly authorize the Administrative Agent to enter into any such Extension Amendment.

 

(e)No Prepayment.
No conversion or extension of Loans or Commitments pursuant to any Extension Amendment in accordance with this Section 2.18
shall constitute a voluntary or mandatory prepayment or repayment for purposes of this Agreement. This Section 2.18 shall
supersede any provisions in Section 2.13 or 11.01 to the contrary.

 

    - 115 -

     

    

Article
III

TAXES, YIELD PROTECTION AND ILLEGALITY

 

3.01Taxes.

 

(a)Payments
Free of Taxes. Except as required by applicable law, any and all payments by or on account of any obligation of the Loan Parties
hereunder or under any other Loan Document shall be made free and clear of and without deduction or withholding for any Taxes,
provided that if any Loan Party or the Administrative Agent shall be required by applicable law to deduct or withhold any
Taxes from such payments, then (i) if such Taxes are Indemnified Taxes, the sum payable shall be increased as necessary so that
after making all required deductions and withholdings (including deductions and withholdings applicable to additional sums payable
under this Section 3.01) the Administrative Agent, any Lender or any L/C Issuer, as the case may be, receives an amount
equal to the sum it would have received had no such deductions and withholdings been made, (ii) such Loan Party or the Administrative
Agent, as applicable, shall make such deductions and withholdings and (iii) such Loan Party or the Administrative Agent, as applicable,
shall timely pay the full amount deducted or withheld to the relevant Governmental Authority in accordance with applicable law.

 

(b)Payment of
Other Taxes by the Loan Parties. Without limiting the provisions of subsection (a) above, the Loan Parties shall timely pay
to the relevant Governmental Authority in accordance with applicable law, or at the option of the Administrative Agent timely reimburse
it for the payment of, any Other Taxes.

 

(c)Indemnification
by the Loan Parties. The Loan Parties shall indemnify the Administrative Agent, each Lender and each L/C Issuer, within 10
days after written demand therefor, for the full amount of any Indemnified Taxes (including Indemnified Taxes imposed or asserted
on or attributable to amounts payable under this Section 3.01(c)) paid by the Administrative Agent, such Lender or
such L/C Issuer, as the case may be, and any reasonable expenses arising therefrom or with respect thereto, whether or not such
Indemnified Taxes were correctly or legally imposed or asserted by the relevant Governmental Authority. A certificate as to the
amount of such payment or liability delivered to the Company by a Lender or a L/C Issuer (with a copy to the Administrative Agent),
or by the Administrative Agent on its own behalf or on behalf of a Lender or an L/C Issuer, shall be conclusive absent manifest
error.

 

(d)Evidence
of Payments. As soon as practicable after any payment of Taxes by any Loan Party to a Governmental Authority pursuant to subsection
(a) or (b) above, the Company 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)Status of
Lenders. Any Foreign Lender that is entitled to an exemption from or reduction of withholding Tax under the law of the jurisdiction
in which a Borrower is resident for tax purposes, or any treaty to which such jurisdiction is a party, with respect to payments
hereunder or under any other Loan Document shall deliver to the Company (with a copy to the

 

    - 116 -

     

    

Administrative Agent), at the time or times
prescribed by applicable law or reasonably requested by the Company or the Administrative Agent, such properly completed and executed
documentation prescribed by applicable law as will permit such payments to be made without withholding or at a reduced rate of
withholding. In addition, any Lender, 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 backup withholding or information reporting requirements.

 

Without limiting the
generality of the foregoing, if a Borrower is resident for tax purposes in the United States, (A) any Lender that is a “United
States person” within the meaning of Section 7701(a)(30) of the Internal Revenue Code and that makes a Credit Extension to
such Borrower shall deliver to the Company or 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) executed originals
of IRS Form W-9 or such other documentation or information prescribed by applicable laws or reasonably requested by the Company
or the Administrative Agent as will enable the Company or the Administrative Agent, as the case may be, to determine whether or
not such Lender is subject to backup withholding or information reporting requirements; and (B) any Foreign Lender shall deliver
to the Company and the Administrative Agent (in such number of copies as shall be reasonably requested by the recipient) on or
prior to the date on which such Foreign Lender becomes a Lender under this Agreement (and from time to time thereafter upon the
request of the Company or the Administrative Agent, but only if such Foreign Lender is legally entitled to do so), whichever of
the following is applicable:

 

(i)duly
executed originals of IRS Form W-8BEN or IRS Form W-8BEN-E, as applicable, claiming eligibility for benefits of an income tax treaty
to which the United States is a party,

 

(ii)duly
executed originals of IRS Form W-8ECI,

 

(iii)duly
executed originals of IRS Form W-8IMY with all required supporting documentation,

 

(iv)in
the case of a Foreign Lender claiming the benefits of the exemption for portfolio interest under Section 881(c) of the Internal
Revenue Code, (x) a certificate to the effect that such Foreign Lender is not (A) a “bank” within the meaning of Section
881(c)(3)(A) of the Internal Revenue Code, (B) a “10 percent shareholder” of the applicable Borrower within the meaning
of Section 881(c)(3)(B) of the Internal Revenue Code, or (C) a “controlled foreign corporation” described in section
881(c)(3)(C) of the Internal Revenue Code and (y) duly completed copies of IRS Form W-8BEN or IRS Form W-8BEN-E, as applicable,,
or

 

(v)duly
executed originals of any other form prescribed by applicable law as a basis for claiming exemption from or a reduction in U.S.
federal withholding Tax duly completed together with such supplementary documentation as may be prescribed by

 

    - 117 -

     

    

applicable law to permit the
Company or the Administrative Agent to determine the withholding or deduction required to be made.

 

In addition to the
foregoing, if a payment made to a Lender under any Loan Document would be subject to withholding Tax imposed by FATCA if such Lender
were to fail to comply with the applicable reporting requirements of FATCA (including those contained in Section 1471(b) or 1472(b)
of the Internal Revenue 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 Internal Revenue Code) and such additional
documentation reasonably requested by the Company or the Administrative Agent as may be necessary for the requesting party to comply
with their obligations under FATCA and to determine that such Lender has complied with such Lender’s obligations under FATCA
or to determine the amount to deduct and withhold from such payment. Solely for purposes of this paragraph, “FATCA”
shall include any amendments made to FATCA after the date of this Agreement.

 

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

 

(f)Treatment
of Certain Refunds. Unless required by applicable laws, at no time shall the Administrative Agent have any obligation to file
for or otherwise pursue on behalf of a Lender or an L/C Issuer, or have any obligation to pay to any Lender or any L/C Issuer,
any refund of Taxes withheld or deducted from funds paid for the account of such Lender or such L/C Issuer, as the case may be.
If the Administrative Agent, any Lender or any L/C Issuer determines, in its sole discretion, that it has received a refund of
any Taxes as to which it has been indemnified by any Loan Party or with respect to which any Loan Party has paid additional amounts
pursuant to this Section, it shall pay to such Loan Party an amount equal to such refund (but only to the extent of indemnity payments
made, or additional amounts paid, by such Loan Party under this Section with respect to the Taxes giving rise to such refund),
net of all out-of-pocket expenses of the Administrative Agent, such Lender or such L/C Issuer, as the case may be, and without
interest (other than any interest paid by the relevant Governmental Authority with respect to such refund), provided that
each Loan Party, upon the request of the Administrative Agent, such Lender or such L/C Issuer, agrees to repay the amount paid
over to such Loan Party (plus any penalties, interest or other charges imposed by the relevant Governmental Authority, other than
any penalties, interest or other charges attributable to gross negligence or willful misconduct on the part of the Administrative
Agent, such Lender or such L/C Issuer as determined by a court of competent jurisdiction by final and nonappealable judgment) to
the Administrative Agent, such Lender or such L/C Issuer in the event the Administrative Agent, such Lender or such L/C Issuer
is required to repay such refund to such Governmental Authority. This subsection shall not be construed to require the Administrative
Agent, any Lender or any L/C Issuer to make available its Tax returns (or any other information relating to its Taxes that it deems
confidential) to the Company or any other Person.

 

    - 118 -

     

    

3.02Illegality.

 

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

 

3.03Inability
to Determine Rates.

 

If the Required Lenders
(or the Administrative Agent, in the case of clause (b) below) determine that for any reason in connection with any request for
a Eurocurrency Rate Loan or a conversion to or continuation thereof that (a) deposits (whether in Dollars or an Alternative
Currency) are not being offered to banks in the applicable offshore interbank market for such currency for the applicable amount
and Interest Period of such Eurocurrency Rate Loan, (b) adequate and reasonable means do not exist for determining the Eurocurrency
Rate for any requested Interest Period with respect to a proposed Eurocurrency Rate Loan (whether denominated in Dollars or an
Alternative Currency) or in connection with an existing or proposed Base Rate Loan, or (c) the Eurocurrency Rate for any requested
Interest Period with

 

    - 119 -

     

    

respect to an existing or proposed Eurocurrency
Rate Loan or in connection with an existing or proposed Base Rate Loan does not adequately and fairly reflect the cost to such
Lenders of funding such Loan, the Administrative Agent will promptly notify the Company and each Lender. Thereafter, (x) the obligation
of the Lenders to make or maintain Eurocurrency Rate Loans in the affected currency or currencies shall be suspended and (y) in
the event of a determination described in the preceding sentence with respect to the Eurocurrency Rate component of the Base Rate,
the utilization of the Eurocurrency Rate component in determining the Base Rate shall be suspended, in each case until the Administrative
Agent (upon the instruction of the Required Lenders) revokes such notice (which revocation the Administrative Agent agrees to give
promptly upon receipt of such instruction). Upon receipt of such notice, the Company may revoke any pending request for a Borrowing
of, conversion to or continuation of Eurocurrency Rate Loans in the affected currency or currencies or, failing that, will be deemed
to have converted such request into a request for a Borrowing of Base Rate Loans (which shall be calculated in accordance with
clause (y) of the immediately preceding sentence, if applicable) in the amount specified therein to the extent available (or, in
the case of a pending request for a Loan denominated in an Alternative Currency, the Company and the Lenders may establish a mutually
acceptable alternative rate).

 

3.04Increased
Costs.

 

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

 

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

 

(ii)subject
any Lender or any L/C Issuer to any tax of any kind whatsoever with respect to this Agreement, any Letter of Credit, any participation
in a Letter of Credit or any Eurocurrency Rate Loan made by it, or change the basis of taxation of payments to such Lender or such
L/C Issuer in respect thereof (except for Indemnified Taxes or Other Taxes and the imposition of, or any change in the rate of,
any Excluded Tax payable by such Lender or such L/C Issuer); or

 

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

 

and the result of any of the foregoing
shall be to increase the cost to such Lender of making or maintaining any Loan the interest on which is determined by reference
to the Eurocurrency Rate (or of maintaining its obligation to make any such Loan), or to increase the cost to such Lender or such
L/C Issuer of participating in, issuing or maintaining any Letter of Credit (or of maintaining its obligation to participate in
or to issue any Letter of Credit), or to reduce the amount of any sum received or receivable by such Lender or such L/C Issuer
hereunder (whether of principal, interest or any other amount) then, upon request of such Lender or such L/C Issuer,

 

    - 120 -

     

    

the Company will pay (or cause the applicable
Designated Borrower to pay) to such Lender or such L/C Issuer, as the case may be, such additional amount or amounts as will compensate
such Lender or such L/C Issuer, as the case may be, for such additional costs incurred or reduction suffered.

 

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

 

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

 

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

 

(e)Reserves
on Eurodollar Rate Loans. The Company shall pay (or cause the applicable Designated Borrower to pay) to each Lender, as long
as such Lender shall be required to maintain reserves with respect to liabilities or assets consisting of or including eurodollar
funds or deposits (currently known as “Eurocurrency liabilities”), additional interest on the unpaid principal
amount of each Eurocurrency Rate Loan equal to the actual costs of such reserves allocated to such Loan by such Lender (as determined
by such Lender in good faith,

 

    - 121 -

     

    

which determination shall be conclusive),
which shall be due and payable on each date on which interest is payable on such Loan, provided the applicable Borrower shall have
received at least 10 days’ prior notice (with a copy to the Administrative Agent) of such additional interest from such Lender.
If a Lender fails to give notice 10 days prior to the relevant Interest Payment Date, such additional interest shall be due and
payable 10 days from receipt of such notice.

 

3.05Compensation
for Losses.

 

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

 

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

 

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

 

(c)any failure
by a Borrower to make payment of any Loan or drawing under any Letter of Credit (or interest due thereon) denominated in an Alternative
Currency on its scheduled due date or any payment of any Loan or drawing under any Letter of Credit (or interest due thereon) in
a different currency from such Loan or Letter of Credit drawing; or

 

(d)any assignment
of a Eurocurrency Rate Loan on a day other than the last day of the Interest Period therefor as a result of a request by the Company
pursuant to Section 11.13;

 

including foreign exchange losses and any
loss or expense arising from the liquidation or reemployment of funds obtained by it to maintain such Loan or from fees payable
to terminate the deposits from which such funds were obtained or from the performance of any foreign exchange contract (but excluding
anticipated profits). The Company shall also pay (or cause the applicable Designated Borrower to pay) any customary administrative
fees charged by such Lender in connection with the foregoing.

 

For purposes of calculating
amounts payable by the Company (or the applicable Designated Borrower) to the Lenders under this Section 3.05, each Lender
shall be deemed to have funded each Eurocurrency Rate Loan made by it at the Eurocurrency Rate for such Loan by a matching deposit
or other borrowing in the offshore interbank eurodollar market for such currency for a comparable amount and for a comparable period,
whether or not such Eurocurrency Rate Loan was in fact so funded.

 

    - 122 -

     

    

3.06Mitigation
Obligations; Replacement of Lenders.

 

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

 

(b)Replacement
of Lenders. If any Lender requests compensation under Section 3.04, or if a Borrower is required to pay any additional
amount to any Lender or any Governmental Authority for the account of any Lender pursuant to Section 3.01, the Company
may replace such Lender in accordance with Section 11.13.

 

3.07Survival.

 

All of the Loan Parties’
obligations under this Article III shall survive termination of the Aggregate Revolving Commitments and/or the Term Commitments,
repayment of all other Obligations hereunder, and resignation of the Administrative Agent.

 

Article
IV

GUARANTY

 

4.01The Guaranty.

 

(a)Each of the
Domestic Guarantors hereby jointly and severally guarantees to each Lender, each L/C Issuer, each Lender and each Affiliate of
a Lender that enters into a Secured Swap Contract or a Secured Treasury Management Agreement with a Loan Party, each other holder
of the Obligations and the Administrative Agent as hereinafter provided, as primary obligor and not as surety, the prompt payment
of the Obligations in full when due (whether at stated maturity, as a mandatory prepayment, by acceleration, as a mandatory cash
collateralization or otherwise) strictly in accordance with the terms thereof. The Domestic Guarantors hereby further agree that
if any of the Obligations are not paid in full when due (whether at stated maturity, as a mandatory prepayment, by acceleration,
as a mandatory cash collateralization or otherwise), the Domestic Guarantors will, jointly and severally, promptly pay the same,
without any demand or notice whatsoever, and that in the case of any extension of time of payment or renewal of any of the Obligations,
the same will be promptly paid in full when due

 

    - 123 -

     

    

(whether at extended maturity, as a mandatory
prepayment, by acceleration, as a mandatory cash collateralization or otherwise) in accordance with the terms of such extension
or renewal.

 

(b)Each of the
Foreign Guarantors hereby jointly and severally guarantees to each Lender, each Lender and each Affiliate of a Lender that enters
into a Secured Swap Contract or a Secured Treasury Management Agreement with a Foreign Loan Party, each other holder of the Foreign
Obligations and the Administrative Agent as hereinafter provided, as primary obligor and not as surety, the prompt payment of the
Foreign Obligations in full when due (whether at stated maturity, as a mandatory prepayment, by acceleration, as a mandatory cash
collateralization or otherwise) strictly in accordance with the terms thereof. The Foreign Guarantors hereby further agree that
if any of the Foreign Obligations are not paid in full when due (whether at stated maturity, as a mandatory prepayment, by acceleration,
as a mandatory cash collateralization or otherwise), the Foreign Guarantors will, jointly and severally, promptly pay the same,
without any demand or notice whatsoever, and that in the case of any extension of time of payment or renewal of any of the Foreign
Obligations, the same will be promptly paid in full when due (whether at extended maturity, as a mandatory prepayment, by acceleration,
as a mandatory cash collateralization or otherwise) in accordance with the terms of such extension or renewal.

 

(c)Notwithstanding
any provision to the contrary contained herein or in any other of the Loan Documents or other documents relating to the Obligations,
the obligations of each Guarantor under this Agreement and the other Loan Documents shall be limited to an aggregate amount equal
to the largest amount that would not render such obligations subject to avoidance under the Debtor Relief Laws or any comparable
provisions of any applicable state Law.

 

4.02Obligations
Unconditional.

 

(a)The obligations
of the Domestic Guarantors under Section 4.01 are joint and several, absolute and unconditional, irrespective of the
value, genuineness, validity, regularity or enforceability of any of the Loan Documents or other documents relating to the Obligations,
or any substitution, release, impairment or exchange of any other guarantee of or security for any of the Obligations, and, to
the fullest extent permitted by applicable law, irrespective of any other circumstance whatsoever which might otherwise constitute
a legal or equitable discharge or defense of a surety or guarantor (other than payment in full of the Obligations, other than contingent
indemnification, tax gross up, expense reimbursement or yield protection obligations, in each case, for which no claim has been
made), it being the intent of this Section 4.02 that the obligations of the Domestic Guarantors hereunder shall be
absolute and unconditional under any and all circumstances. Each Domestic Guarantor agrees that such Domestic Guarantor shall have
no right of subrogation, indemnity, reimbursement or contribution against a Borrower or any other Guarantor for amounts paid under
this Article IV until such time as the Obligations have been paid in full and the Commitments have expired or terminated.

 

(b)The obligations
of the Foreign Guarantors under Section 4.01 are joint and several, absolute and unconditional, irrespective of the
value, genuineness, validity, regularity or enforceability of any of the Loan Documents or other documents relating to the Foreign 

 

    - 124 -

     

    

Obligations, or any substitution,
release, impairment or exchange of any other guarantee of or security for any of the Foreign Obligations, and, to the fullest
extent permitted by applicable law, irrespective of any other circumstance whatsoever which might otherwise constitute a
legal or equitable discharge or defense of a surety or guarantor (other than payment in full of the Obligations, other than
contingent indemnification, tax gross up, expense reimbursement or yield protection obligations, in each case, for which no
claim has been made), it being the intent of this Section 4.02 that the obligations of the Foreign Guarantors
hereunder shall be absolute and unconditional under any and all circumstances. Each Foreign Guarantor agrees that such
Foreign Guarantor shall have no right of subrogation, indemnity, reimbursement or contribution against a Borrower or any
other Guarantor for amounts paid under this Article IV until such time as the Foreign Obligations have been paid
in full and the Commitments have expired or terminated.

 

(c)Without limiting
the generality of the foregoing, it is agreed that, to the fullest extent permitted by Law, the occurrence of any one or more of
the following shall not alter or impair the liability of any Guarantor hereunder, which shall remain absolute and unconditional
as described above:

 

(i)at
any time or from time to time, without notice to any Guarantor, the time for any performance of or compliance with any of the Obligations
shall be extended, or such performance or compliance shall be waived;

 

(ii)any
of the acts mentioned in any of the provisions of any of the Loan Documents or other documents relating to the Obligations shall
be done or omitted;

 

(iii)the
maturity of any of the Obligations shall be accelerated, or any of the Obligations shall be modified, supplemented or amended in
any respect, or any right under any of the Loan Documents or other documents relating to the Obligations shall be waived or any
other guarantee of any of the Obligations or any security therefor shall be released, impaired or exchanged in whole or in part
or otherwise dealt with;

 

(iv)any
Lien granted to, or in favor of, the Administrative Agent or any other holder of the Obligations as security for any of the Obligations
shall fail to attach or be perfected; or

 

(v)any
of the Obligations shall be determined to be void or voidable (including, without limitation, for the benefit of any creditor of
any Guarantor) or shall be subordinated to the claims of any Person (including, without limitation, any creditor of any Guarantor).

 

(d)With respect
to its obligations hereunder, each Guarantor hereby expressly waives diligence, presentment, demand of payment, protest and all
notices whatsoever, and any requirement that the Administrative Agent or any other holder of the Obligations exhaust any right,
power or remedy or proceed against any Person under any of the Loan Documents or other documents relating to the Obligations, or
against any other Person under any other guarantee of, or security for, any of the Obligations.

 

    - 125 -

     

    

4.03Reinstatement.

 

(a)The obligations
of the Domestic Guarantors under this Article IV shall be automatically reinstated if and to the extent that for any
reason any payment by or on behalf of any Person in respect of the Obligations is rescinded or must be otherwise restored by any
holder of any of the Obligations, whether as a result of any proceedings under any Debtor Relief Law or otherwise, and each Domestic
Guarantor agrees that it will indemnify the Administrative Agent and each holder of the Obligations on demand for all reasonable
costs and expenses (including, without limitation, the fees, charges and disbursements of counsel) incurred by the Administrative
Agent or such holder of the Obligations in connection with such rescission or restoration, including any such costs and expenses
incurred in defending against any claim alleging that such payment constituted a preference, fraudulent transfer or similar payment
under any proceedings under any Debtor Relief Law.

 

(b)The obligations
of the Foreign Guarantors under this Article IV shall be automatically reinstated if and to the extent that for any
reason any payment by or on behalf of any Person in respect of the Foreign Obligations is rescinded or must be otherwise restored
by any holder of any of the Foreign Obligations, whether as a result of any proceedings under any Debtor Relief Law or otherwise,
and each Foreign Guarantor agrees that it will indemnify the Administrative Agent and each holder of the Foreign Obligations on
demand for all reasonable costs and expenses (including, without limitation, the fees, charges and disbursements of counsel) incurred
by the Administrative Agent or such holder of the Foreign Obligations in connection with such rescission or restoration, including
any such costs and expenses incurred in defending against any claim alleging that such payment constituted a preference, fraudulent
transfer or similar payment under any proceedings under any Debtor Relief Law.

 

4.04Certain
Additional Waivers.

 

Each Guarantor further
agrees that such Guarantor shall have no right of recourse to security for the Obligations, except through the exercise of rights
of subrogation pursuant to Section 4.02 and through the exercise of rights of contribution pursuant to Section 4.06.

 

4.05Remedies.

 

(a)The Domestic
Guarantors agree that, to the fullest extent permitted by law, as between the Domestic Guarantors, on the one hand, and the Administrative
Agent and the other holders of the Obligations, on the other hand, the Obligations may be declared to be forthwith due and payable
as provided in Section 9.02 (and shall be deemed to have become automatically due and payable in the circumstances
so provided in said Section 9.02) for purposes of Section 4.01 notwithstanding any stay, injunction or
other prohibition preventing such declaration (or preventing the Obligations from becoming automatically due and payable) as against
any other Person and that, in the event of such declaration (or the Obligations being deemed to have become automatically due and
payable), the Obligations (whether or not due and payable by any other Person) shall forthwith become due and payable by the Domestic
Guarantors for purposes of Section 4.01. The Domestic Guarantors acknowledge and agree that their obligations hereunder
are secured in accordance with the terms of the Collateral Documents

 

    - 126 -

     

    

and that the holders of the Obligations
may exercise their remedies thereunder in accordance with the terms thereof.

 

(b)The Foreign
Guarantors agree that, to the fullest extent permitted by law, as between the Foreign Guarantors, on the one hand, and the Administrative
Agent and the other holders of the Foreign Obligations, on the other hand, the Foreign Obligations may be declared to be forthwith
due and payable as provided in Section 9.02 (and shall be deemed to have become automatically due and payable in the
circumstances so provided in said Section 9.02) for purposes of Section 4.01 notwithstanding any stay,
injunction or other prohibition preventing such declaration (or preventing the Foreign Obligations from becoming automatically
due and payable) as against any other Person and that, in the event of such declaration (or the Foreign Obligations being deemed
to have become automatically due and payable), the Foreign Obligations (whether or not due and payable by any other Person) shall
forthwith become due and payable by the Foreign Guarantors for purposes of Section 4.01. The Foreign Guarantors acknowledge
and agree that their obligations hereunder are secured in accordance with the terms of the Collateral Documents and that the holders
of the Foreign Obligations may exercise their remedies thereunder in accordance with the terms thereof.

 

4.06Rights
of Contribution.

 

(a)The Domestic
Guarantors agree among themselves that, in connection with payments made hereunder, each Domestic Guarantor shall have contribution
rights against the other Domestic Guarantors as permitted under applicable law. Such contribution rights shall be subordinate and
subject in right of payment to the obligations of such Domestic Guarantors under the Loan Documents and no Domestic Guarantor shall
exercise such rights of contribution until all Obligations have been paid in full and the Commitments have terminated.

 

(b)The Foreign
Guarantors agree among themselves that, in connection with payments made hereunder, each Foreign Guarantor shall have contribution
rights against the other Foreign Guarantors as permitted under applicable law. Such contribution rights shall be subordinate and
subject in right of payment to the obligations of such Foreign Guarantors under the Loan Documents and no Foreign Guarantor shall
exercise such rights of contribution until all Foreign Obligations have been paid in full and the Commitments have terminated.

 

4.07Guarantee
of Payment; Continuing Guarantee.

 

(a)The guarantee
given by the Domestic Guarantors in this Article IV is a guaranty of payment and not of collection, is a continuing
guarantee, and shall apply to all Obligations whenever arising.

 

(b)The guarantee
given by the Foreign Guarantors in this Article IV is a guaranty of payment and not of collection, is a continuing
guarantee, and shall apply to all Foreign Obligations whenever arising.

 

    - 127 -

     

    

4.08Limitation
on Guaranty by Luxembourg Guarantors.

 

Notwithstanding any
provisions to the contrary in this Agreement or any other Loan Document, the maximum liability of each Luxembourg Guarantor under
this Agreement and the other Loan Documents with respect to its guaranty of the Foreign Obligations (but not with respect to any
borrowings made directly by such Luxembourg Guarantor if it is a Borrower or any direct or indirect Subsidiary of such Luxembourg
Guarantor) shall be limited at any time to the higher of: (i) an amount not exceeding the maximum financial capacity of such Luxembourg
Guarantor, such maximum financial capacity being limited to 90% of the net assets of such Luxembourg Guarantor, where net assets
means such Luxembourg Guarantor’s shareholders’ equity (including the share capital, share premium, legal and statutory
reserves, other reserves, profits or losses carried forward, investment subsidies and regulated provisions) (Capitaux Propres)
as calculated on the basis of such Luxembourg Guarantor’s most recent financial statements (Comptes Annuels), approved
by such Luxembourg Guarantor’s managers’ or shareholders’ meeting in accordance with Luxembourg company laws,
available at the date of this Agreement; and (ii) an amount not exceeding the maximum financial capacity of such Luxembourg Guarantor,
such maximum financial capacity being limited to 90% of the net assets of such Luxembourg Guarantor, where net assets means such
Luxembourg Guarantor’s shareholders’ equity (including the share capital, share premium, legal and statutory reserves,
other reserves, profits or losses carried forward, investment subsidies and regulated provisions) (Capitaux Propres) as
calculated on the basis of such Luxembourg Guarantor’s most recent financial statements (Comptes Annuels), approved
by such Luxembourg Guarantor’s managers’ or shareholders’ meeting in accordance with Luxembourg company laws,
available at the date of the relevant payment obligation hereunder.

 

4.09Limitation
on Guaranty.

 

Notwithstanding any
provisions to the contrary in this Agreement or any other Loan Document, the obligations and liabilities of any Foreign Guarantor
under this Article IV shall be subject to the limitations (if any) set out in the Joinder Agreement applicable to such Foreign
Guarantor.

 

4.10Limitation
on Guaranty by Swiss Guarantors.

 

Notwithstanding any
other provision of this Article IV, the guarantee, indemnity and other obligations of or any other Guarantor incorporated or established
in Switzerland (each, a “Swiss Guarantor”) expressed to be made in this Article IV shall be limited as follows:

 

(a)if and to the
extent that: (i) a Swiss Guarantor becomes liable under the Loan Documents, including, without limitation, this Article IV, for
obligations of its Affiliates (other than obligations of its direct or indirect wholly owned Subsidiaries) or otherwise obliged
to grant economic benefits to its Affiliates (other than its direct or indirect wholly owned Subsidiaries), including, for the
avoidance of doubt, the granting of any security by the Swiss Guarantor or any restrictions on the Swiss Guarantor's rights of
set-off and/or subrogation or its duties to subordinate or waive claims; and (ii) complying with such obligations would constitute
a re-payment of capital (Einlagerückgewنhr), a violation of the legally protected reserves (gesetzlich 

 

    - 128 -

     

    

geschützte Reserven) or the
payment of a (constructive) dividend (Gewinnausschüttung) by such Swiss Guarantor or would otherwise be restricted
under Swiss corporate law then applicable (“Restricted Obligations”), the aggregate liability of the Swiss
Guarantor for Restricted Obligations shall be limited to the amount of unrestricted equity capital surplus (including the unrestricted
portion of general and statutory reserves, other free reserves, retained earnings and current net profits) available for distribution
as dividends to the quotaholders of the Swiss Guarantor at the time the Swiss Guarantor is required to perform under the Loan
Documents; provided that this is a requirement under applicable Swiss law at that time and provided, further,
that such limitation shall not discharge the Swiss Guarantor from its obligations in excess thereof, but merely postpone the performance
date therefore until such times as performance is again permitted notwithstanding such limitation.

 

(b)If so required
under applicable law (including any applicable double tax treaty) at the time it is required to make a payment under this Agreement,
each Swiss Guarantor:

 

		(i)	shall procure that such payments can be made without deduction of Swiss withholding tax (Verrechnungssteuer),
or with deduction of Swiss withholding tax at a reduced rate, by discharging the liability to such tax by notification pursuant
to applicable law (including any applicable tax treaty) rather than payment of the tax;

 

		(ii)	if the notification procedure pursuant to sub-clause (i) above does not apply, deduct the Swiss
withholding tax at such rate (currently 35 per cent.) as is in force from time to time, or if the notification procedure pursuant
to sub-clause (i) applies for a part of the Swiss withholding tax only, deduct the Swiss withholding tax at the reduced rate resulting
after discharge of part of such tax by notification under applicable law, from any payment made under this Agreement, and remit,
without delay, any such taxes deducted to the Swiss Federal Tax Administration; and

 

		(iii)	shall notify and provide evidence to the Administrative Agent that the Swiss withholding tax has
been paid to the Swiss Federal Tax Administration.

 

Each Swiss Guarantor
and any parent company of a Swiss Guarantor that is a party to this Agreement shall, as soon as possible after the deduction of
the Swiss withholding tax as contemplated in this clause (b), (x) ensure that any person which is, as a result of a payment
under this Agreement, entitled to a full or partial refund of such Swiss withholding tax, is in a position to apply for such refund
under any applicable law (including any applicable double tax treaty) and (y) in case it has received any refund of such Swiss
withholding tax, pay such refund to the Administrative Agent promptly upon receipt thereof.

 

(c)To the extent
that any Swiss Guarantor is required to deduct from any payment a Swiss withholding tax pursuant to Section ‎4.10(b)
above, and if the maximum amount of freely disposable shareholder equity of such Swiss Guarantor as contemplated by Section
‎4.10(a) above is not fully utilized, the Administrative Agent and the other holders of the applicable Obligations shall
be entitled to enforce additional guarantees and security interests granted by such Swiss

 

    - 129 -

     

    

Guarantor until the enforcement proceeds
equal an amount which (after making any deduction of Swiss withholding tax) would have resulted if no deduction of Swiss withholding
tax had been required, provided that such enforcement amount (including any increased amount as provided under this clause (c))
shall in any event be limited to the maximum amount of freely disposable shareholder equity of such Swiss Guarantor as contemplated
in Section ‎4.10(a) above.

 

(d)In the case
of Restricted Obligations, each Swiss Guarantor shall, and any parent company of a Swiss Guarantor that is a party to this Agreement
shall procure that such Swiss Guarantor will, promptly implement all such measures and/or to promptly procure the fulfillment of
all prerequisites to allow it to perform its obligations under this Article IV in a manner that minimizes any limitations contemplated
by this Section ‎4.10, and to allow the Administrative Agent (and the holders of the applicable Obligations) prompt
use of the proceeds from the guarantees and security provided by each such Swiss Guarantor, including the following:

 

		(i)	preparation of an up-to-date audited balance sheet
of such Swiss Guarantor;

 

		(ii)	confirmation of the auditors of such Swiss Guarantor as to the maximum amount of freely distributable
profits of such Swiss Guarantor;

 

		(iii)	conversion of restricted reserves of such Swiss Guarantor into profits and reserves freely available
for the distribution as dividends (to the extent permitted by mandatory Swiss law);

 

		(iv)	revaluation of hidden reserves of such Swiss Guarantor (to the extent permitted by mandatory Swiss
law);

 

		(v)	to the extent permitted by applicable law and Swiss accounting standards, write-up or realize any
of any assets of such Swiss Guarantor that are shown in its balance sheet with a book value that is significantly lower than the
market value of the assets, in case of realization, however, only if such assets are not necessary for such Swiss Guarantor's business
(nicht betriebsnotwendig);

 

		(vi)	approval by a shareholders' meeting of such Swiss Guarantor of any (resulting) profit distribution;
and

 

(vii)all such other measures necessary
or useful to allow such Swiss Guarantor to make the payments agreed hereunder in a manner that minimizes any limitations contemplated
by this Section ‎4.10.

 

4.11Keepwell.

 

Each Qualified ECP
Guarantor hereby jointly and severally absolutely, unconditionally and irrevocably undertakes to provide such funds or other support
as may be needed from time to time by each other Loan Party (or Foreign Loan Party, in the case of a Qualified ECP Guarantor

 

    - 130 -

     

    

that is a Foreign Loan Party) to honor
all of its obligations under this Guaranty in respect of Obligations (or Foreign Obligations, as applicable) consisting of Swap
Obligations (provided, however, that each Qualified ECP Guarantor shall only be liable under this Section 4.11
for the maximum amount of such liability that can be hereby incurred without rendering its obligations under this Section 4.11,
or otherwise under this Guaranty, voidable under applicable law relating to fraudulent conveyance or fraudulent transfer, and not
for any greater amount). The obligations of each Qualified ECP Guarantor under this Section 4.11 shall remain in full
force and effect until the circumstances described in Section 11.20(b) shall have occurred. Each Qualified ECP Guarantor
intends that this Section 4.11 constitute, and this Section 4.11 shall be deemed to constitute, a “keepwell,
support, or other agreement” for the benefit of each other Loan Party (or Foreign Loan Party, in the case of a Qualified
ECP Guarantor that is a Foreign Loan Party) for all purposes of Section 1a(18)(A)(v)(II) of the Commodity Exchange Act.

 

Article
V

CONDITIONS PRECEDENT

 

5.01Conditions
Precedent to Initial Credit Extensions on the Closing Date.

 

The initial Credit
Extensions shall not be made until the date on which all of the following conditions have been satisfied or waived in accordance
with the terms of this Agreement:

 

(a)Loan Notice.
Receipt by the Administrative Agent of a Request for Credit Extension with respect to each proposed Credit Extension to be made
on the Closing Date in accordance with the requirements hereof.

 

(b)Loan Documents.
Receipt by the Administrative Agent of executed counterparts of (i) this Agreement, (ii) each Note (to the extent requested by
any Lender at least two Business Days in advance of the Closing Date), (iii) the U.S. Security Agreement, (iv) each English Security
Document described in clauses (a) and (b) of the definition thereof, each in form and substance satisfactory to the Administrative
Agent, (v) the Irish Security Document described in clause (a) of the definition thereof, in form and substance satisfactory to
the Administrative Agent, (vi) each Lux Security Document described in clauses (a), (b), (c) and (d) of the definition thereof,
each in form and substance satisfactory to the Administrative Agent, (vii) each Cayman Security Document described in clause (a)
of the definition thereof, each in form and substance satisfactory to the Administrative Agent and (viii) the Swiss Security Document
described in clause (a) of the definition thereof, each in form and substance satisfactory to the Administrative Agent, and in
the case of clauses (i) through (viii) above, each properly executed by a Responsible Officer of each Loan Party party thereto
and, in the case of this Agreement, by each Lender.

 

(c)Opinions
of Counsel. Receipt by the Administrative Agent of legal opinions of (i) Davis Polk & Wardwell LLP, New York counsel to
the Loan Parties, (ii) Morris, Nichols, Arsht & Tunnell LLP, Delaware counsel to the Loan Parties organized in Delaware,
(iii) White & Case LLP, English counsel to the Administrative Agent, (iv) Matheson, Irish counsel to the

 

    - 131 -

     

    

Administrative Agent, (v) Arendt &
Medernach SA, Luxembourg counsel to the Administrative Agent, (vi) Mourant Ozannes, Cayman Islands counsel to the Administrative
Agent and (vii) Homburger AG, Swiss counsel to the Administrative Agent and, in each case, addressed to the Administrative
Agent, each L/C Issuer and each Lender, dated as of the Closing Date, and in form and substance reasonably satisfactory to, the
Administrative Agent.

 

(d)No Target
Material Adverse Effect. (i) Since December 31, 2013 until February 2, 2015 and (ii) since February 2, 2015 there shall not
have occurred and be continuing any event, occurrence, revelation or development of a state of circumstances or facts which, individually
or in the aggregate, has had or would reasonably be expected to have a Target Material Adverse Effect.

 

(e)Limited Representations
and Warranties. The Specified Representations and the Merger Agreement Representations shall be true and correct in all material
respects (or, in the case of any representations and warranties qualified by materiality, shall be true and correct in all respects).

 

(f)Target Acquisition.
Prior to or substantially concurrently with the initial Borrowing on the Closing Date, the Target Acquisition shall have been consummated
in accordance with the terms of the Merger Agreement and the Merger Agreement shall not have been altered, amended or otherwise
changed or supplemented or any provision or condition therein waived, and neither the Parent nor any affiliate thereof shall have
consented to any action which would require the consent of the Parent or such affiliate under the Merger Agreement, if such alteration,
amendment, change, supplement, waiver or consent would be adverse to the interests of the Lenders in any material respect, in any
such case without the prior written consent of the Arrangers (such consent not to be unreasonably withheld) (it being understood
and agreed that any alteration, supplement, amendment, modification, waiver or consent that (a) decreases the purchase price in
respect of the Target Acquisition by 10% or more other than purchase price adjustments pursuant to the express terms of the Merger
Agreement shall be deemed to be adverse to the interests of the Lenders in a material respect, (b) any increase in the purchase
price in respect of the Target Acquisition shall not be deemed to be adverse to the interests of the Lenders in any material respect,
so long as such increase is funded solely by the issuance of the Parent of common equity, or (c) modifies the so-called “Xerox”
provisions of the Merger Agreement providing protection with respect to exclusive jurisdiction, waiver of jury trial, liability
caps and third party beneficiary status for the benefit of the Arrangers, the Lenders and their respective affiliates shall be
deemed to be adverse to the interests of the Lenders in a material respect).

 

(g)Refinancing.
The Administrative Agent shall have received evidence that all obligations of each of the Parent and its Subsidiaries and the Target
and its Subsidiaries with respect to the Indebtedness being refinanced pursuant to the Refinancing shall have been (or shall, substantially
concurrently with the funding of the Term A-1 Loans, Term A-2 Loans, Term B-1 Loans and Term B-2 Loans on the Closing Date, be)
paid in full, and all commitments, security interests and guaranties in connection therewith shall have been (or shall, substantially
concurrently with the funding of the Term A-1 Loans, Term A-2 Loans, Term B-1 Loans and

 

    - 132 -

     

    

Term B-2 Loans on the Closing Date, be)
terminated and released. After giving effect to the consummation of the Transaction, the Parent and its Subsidiaries shall have
no outstanding preferred equity or Indebtedness, except for Indebtedness incurred pursuant to (i) the Senior Notes, (ii) the
Loan Documents, (iii) Indebtedness permitted under Section 8.03(b), (c) or (e) and (iv) Indebtedness expressly
permitted to remain outstanding after the Closing Date pursuant to the Merger Agreement.

 

(h)Organization
Documents, Resolutions, Etc. Receipt by the Administrative Agent of a certificate of each Loan Party, dated the date of the
Closing Date (the statements made in such certificate shall be true and correct on and as of the Closing Date), certifying as to
each of the following:

 

(i)copies
of the Organization Documents of each Loan Party certified to be true and complete as of the date of the resolutions referred to
in clause (ii) below were adopted by the appropriate Governmental Authority of the state or other jurisdiction of its incorporation
or organization, where applicable, and certified by a secretary or assistant secretary (or, in the case of a Loan Party incorporated
under the laws of England and Wales, a director) of such Loan Party to be true and correct as of the Closing Date;

 

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

 

(iii)such
documents and certifications as the Administrative Agent may reasonably require to evidence that each Loan Party is duly incorporated,
organized or formed, and is validly existing, in good standing and qualified to engage in business in its state or jurisdiction
of incorporation, organization or formation (if applicable).

 

(i)Financial
Statements. The Administrative Agent shall have received (1) audited consolidated balance sheets and related statements of
income and cash flows of each of the Parent and the Target for the most recent three fiscal years ended at least 90 days prior
to the Closing Date, (2) unaudited consolidated balance sheets and related statements of income and cash flows of each of the Parent
and the Target for each fiscal quarter ended after the close of its most recent fiscal year and at least 45 days prior to the Closing
Date and (3) pro forma consolidated financial statements (including a consolidated balance sheet and related statements of income
and cash flow) of the Parent and its Subsidiaries (including the Target and its Subsidiaries) meeting the requirements of Regulation
S-X for registration statements (as if such a registration statement for a debt issuance of the Company became effective on the
Closing Date) on Form S-1 and a pro forma consolidated statement of income of the Parent for the twelve-month period ending on
the last day of the most recently completed four fiscal quarter period ended at least 45 days before the Closing Date, prepared
after giving effect to the Transaction as if the Transaction had occurred at the beginning of such period. The Administrative Agent

 

    - 133 -

     

    

hereby acknowledges receipt of (i) the
audited financial statements referred to in clause (1) above of each of the Parent and the Target as of, and for the years ended,
December 31, 2012, 2013 and 2014 and (ii) the unaudited financial statements of each of the Parent and the Target referred to in
clause (2) above as of, and for the period ended, March 31, 2015.

 

(j)Solvency
Certificate. Receipt by the Administrative Agent of a certificate of Parent in the form of Exhibit 5.01(j), dated the
Closing Date, signed by the chief financial officer of the Parent.

 

(k)Lien Searches.
Receipt by the Administrative Agent of completed customary searches dated on or before the Closing Date, including all effective
financing statements filed in the jurisdictions of organization of each Loan Party that name such Loan Party as debtor, together
with copies of such other financing statements.

 

(l)Collateral.
The Administrative Agent shall have received the following:

 

(i)UCC
financing statements for each appropriate jurisdiction as is necessary, in the Administrative Agent’s reasonable discretion,
to perfect the Administrative Agent's security interest in the Collateral;

 

(ii)to
the extent required under the laws of the relevant jurisdiction for perfecting (or achieving the required priority with respect
to) a security interest in Equity Interests pledged as Collateral for the Obligations (or any portion thereof), all certificates
evidencing such Equity Interests (which, in the case of security interests whose perfection is governed by Article 8 of the UCC,
shall be limited to those that constitute “certificated securities” within the meaning of Section 8-102(a)(4) of the
UCC) that are issued by any Subsidiary of Parent and that are pledged to the Administrative Agent pursuant to any Collateral Document
together with duly executed in blank, undated stock powers attached thereto;

 

(iii)evidence
of the completion of all other recordings and filings of, or with respect to, any Collateral Document as may be required pursuant
to such Collateral Document and necessary or, in the reasonable opinion of the Administrative Agent, desirable, to perfect the
security interests intended to be created by the Collateral Documents; and

 

(iv)evidence
that all other actions necessary or, in the reasonable opinion of the Administrative Agent, desirable to perfect and protect the
security interests purported to be created by the Collateral Documents and that are required to be taken pursuant to the Collateral
Documents have been taken;

 

provided that, notwithstanding the
foregoing, to the extent any Collateral may not be perfected by (A) the filing of a UCC financing statement (or the equivalent
thereof in any applicable jurisdiction), or (B) taking delivery and possession of a stock certificate of each Borrower and each
direct and indirect holding company thereof (other than the Parent), as well as each material direct or indirect wholly-owned Domestic
Subsidiary of the Company (other than a Foreign

 

    - 134 -

     

    

Holdco) (provided that such certificates
of the Target and its material wholly-owned domestic Restricted Subsidiaries will be required to be delivered on the Closing Date
only to the extent received from Target after the Company’s use of commercially reasonable efforts to do so), if the perfection
of the Administrative Agent’s security interest in such Collateral may not be accomplished prior to the Closing Date after
the Company’s use of commercially reasonable efforts to do so and without undue burden and expense, then the perfection of
the security interest in such Collateral shall not constitute a condition precedent under this Section 5.01(l) but, instead,
may be accomplished within 90 days after the Closing Date (which date may be extended by the Administrative Agent in its reasonable
discretion).

 

(m)Fees and
Expenses. To the extent invoiced at least three Business Days prior to the Closing Date, all costs, fees, expenses (including,
without limitation, legal fees and expenses) and other compensation contemplated by the Fee Letter or as otherwise agreed by the
parties thereto, payable to the Administrative Agent, the Arrangers, the Co-Managers and the Lenders shall have been paid to the
extent due.

 

(n)PATRIOT ACT,
KYC etc. The Administrative Agent and the Lenders shall have received, at least five days prior to the Closing Date, all documentation
and other information regarding Parent, each Borrower and each Guarantor, as required by regulatory authorities under applicable
“know your customer” and anti-money laundering rules and regulations, including without limitation the Act, to the
extent requested at least 10 days prior to the Closing Date.

 

(o)Process
Agent Appointment Letter. Subject to Section 7.19(b), the Administrative Agent shall have received a copy of a letter
appointing a process agent reasonably acceptable to the Administrative Agent as process agent for each Designated Borrower pursuant
to Section 11.14(d) in form and substance reasonably satisfactory to the Administrative Agent.

 

(p)Re-Allocation
Agreement. Receipt by the Administrative Agent of counterparts of the Re-Allocation Agreement properly executed by each Lender.

 

(q)Senior Notes.
The Company shall have received gross cash proceeds of not less than $600,000,000 from the issuance of the Senior Notes.

 

(r)Closing Date
Certificate. The Administrative Agent shall have received a certificate signed by a Responsible Officer of the Company certifying
that the conditions specified in Sections 5.01(d) and (e) have been satisfied.

 

Without limiting the
generality of the provisions of the last paragraph of Section 10.03, for purposes of determining compliance with the
conditions specified in this Section 5.01, each Lender that has signed this Agreement shall be deemed to have consented
to, approved or accepted or to be satisfied with, each document or other matter required thereunder to be consented to or approved
by or acceptable or satisfactory to a Lender unless the Administrative Agent shall have received notice from such Lender prior
to the proposed Closing Date specifying its objection thereto.

 

    - 135 -

     

    

5.02Conditions
to Credit Extensions After the Closing Date. The obligation of each L/C Issuer and each Lender to honor any Request for Credit
Extensions after the Closing Date is subject to the following conditions precedent:

 

(a)The representations
and warranties of each Loan Party contained in Article VI or any other Loan Document, shall be true and correct in all material
respects (except when qualified by materiality, in which case they shall be true and correct in all respects) on and as of the
date of such Credit Extension, except to the extent that such representations and warranties specifically refer to an earlier date,
in which case they shall be true and correct as of such earlier date in all material respects (except when qualified by materiality,
in which case they shall be true and correct in all respects).

 

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

 

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

 

Each Request for Credit
Extension (other than a Credit Extension to be made on the Closing Date) submitted by the Company shall be deemed to be a representation
and warranty that the conditions specified in Sections 5.02(a) and 5.02(b) have been satisfied on and as of the date
of the applicable Credit Extension.

 

Article
VI

REPRESENTATIONS AND WARRANTIES

 

The Loan Parties represent
and warrant to the Administrative Agent, the L/C Issuers and the Lenders on the date of each Credit Extension made after the Closing
Date and, with respect to Sections 6.01(a)(i) and (b)(i), 6.02(a) and (b), 6.03(a), 6.04,
6.14(b) and (c), 6.18(a), 6.19, 6.21(c) and 6.22(b), on the Closing Date, that:

 

6.01Existence.

 

(a)Each Loan Party
(i) is duly incorporated, organized, validly existing and in good standing (or, if applicable, the equivalent status in any foreign
jurisdiction) under the Laws of the jurisdiction of its incorporation or organization, (ii) has the corporate or organizational
power and authority, and the legal right, to own and operate its property, to lease the property it operates as lessee and to conduct
the business in which it is currently engaged, and (iii) is duly qualified as a foreign corporation or limited liability company
and in good standing under the Laws of each jurisdiction where its ownership, lease or operation of property or the conduct of
its business requires such qualification except in the case of clauses (ii) and (iii) to the extent that such failure would not
have a Material Adverse Effect.

 

(b)Each Restricted
Subsidiary that is not a Loan Party (other than any Immaterial Subsidiaries) (i) is duly organized, validly existing and in good
standing (or, if applicable, the

 

    - 136 -

     

    

equivalent status in any foreign jurisdiction)
under the Laws of the jurisdiction of its organization, (ii) has the corporate or organizational power and authority, and the legal
right, to own and operate its property, to lease the property it operates as lessee and to conduct the business in which it is
currently engaged, and (iii) is duly qualified as a foreign corporation or limited liability company and in good standing under
the Laws of each jurisdiction where its ownership, lease or operation of property or the conduct of its business requires such
qualification, except in the case of clauses (i) through (iii) to the extent that such failure would not have a Material
Adverse Effect.

 

6.02Corporate
Power; Authorization.

 

(a)Each Loan Party
has the corporate or other power and authority to make, deliver and perform the Loan Documents to which it is a party and, in the
case of the Borrowers, to obtain Credit Extensions hereunder.

 

(b)Each Loan Party
has taken all necessary corporate or other action to authorize the execution, delivery and performance of the Loan Documents to
which it is a party and, in the case of the Borrowers, to authorize the Credit Extensions on the terms and conditions of this Agreement.

 

(c)Except as could
not reasonably be expected to have a Material Adverse Effect, no consent or authorization of, filing with, notice to or other act
by or in respect of, any Governmental Authority is required in connection with the Credit Extensions or the execution, delivery,
performance, validity or enforceability of this Agreement or any of the other Loan Documents, except (i) consents, authorizations,
filings and notices described in Schedule 6.02, which consents, authorizations, filings and notices have been obtained or
made and are in full force and effect or the failure to obtain which could not reasonably be expected to have a Material Adverse
Effect and (ii) the filings to perfect the Liens created by the Collateral Documents.

 

6.03No
Contravention.

 

The execution, delivery
and performance of this Agreement and the other Loan Documents, the issuance of Letters of Credit, the Borrowings hereunder and
the use of the proceeds thereof will not (a) violate the Organization Documents of any of the Loan Parties, (b) except as could
not reasonably be expected to have a Material Adverse Effect, violate any Law or any Contractual Obligation of the Parent or any
of its Restricted Subsidiaries or (c) result in, or require, the creation or imposition of any Lien on any of the Parent’s
or any of its Restricted Subsidiaries’ respective properties or revenues, in each case pursuant to any Law or any such Contractual
Obligation (other than any Permitted Lien).

 

6.04Binding
Effect.

 

Each Loan Document
has been duly executed and delivered by each Loan Party that is a party thereto. Each Loan Document constitutes a legal, valid
and binding obligation of each Loan Party that is a party thereto, enforceable against each such Loan Party in accordance with

 

    - 137 -

     

    

its terms except as may be limited by applicable
Debtor Relief Laws, concepts of reasonableness and general principles of equity.

 

6.05Financial
Statements; No Material Adverse Effect.

 

(a)The Audited
Financial Statements (i) were prepared in accordance with GAAP consistently applied throughout the period covered thereby, except
as otherwise expressly noted therein; (ii) fairly present, in all material respects, the consolidated financial condition of the
Parent and its Subsidiaries as of the date thereof and their results of operations for the period covered thereby in accordance
with GAAP consistently applied throughout the period covered thereby, except as otherwise expressly noted therein; and (iii) show
all material indebtedness and other liabilities, direct or contingent, of the Parent and its Subsidiaries as of the date thereof,
including liabilities for taxes, material commitments and Indebtedness, in each case, to the extent required to be reflected thereon
pursuant to GAAP.

 

(b)The financial
statements delivered pursuant to Sections 7.01(a) and (b) have been prepared in accordance with GAAP (except as may
otherwise be permitted under Sections 7.01(a) and (b)) and present fairly (on the basis disclosed in the footnotes
to such financial statements) the consolidated financial condition, results of operations and cash flows of the Parent and its
Subsidiaries as of the dates thereof and for the periods covered thereby.

 

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

 

6.06Litigation.

 

Except as set forth
on Schedule 6.06, no litigation, investigation or proceeding of or before any arbitrator or Governmental Authority is pending
or, to the knowledge of the Responsible Officers of the Loan Parties, threatened against the Parent or any of its Restricted Subsidiaries
or against any of their properties or revenues which, taken as a whole, (a) are material with respect to any of the Loan Documents
or (b) could reasonably be expected to have a Material Adverse Effect.

 

6.07No
Default.

 

No Default has occurred
and is continuing.

 

6.08Ownership
of Property.

 

Each Loan Party and
each of its Restricted Subsidiaries has title in fee simple to, or a valid leasehold interest in, all its real property, and good
title to, or a valid leasehold interest in, all its other property (other than IP Rights), in each case, except where the failure
to do so could not reasonably be expected to have a Material Adverse Effect, and none of such property is subject to any Lien except
for Permitted Liens.

 

    - 138 -

     

    

6.09Environmental
Compliance.

 

Other than exceptions
to any of the following that could not reasonably be expected to have a Material Adverse Effect: none of the Parent or any of its
Restricted Subsidiaries (a) has failed to comply with any Environmental Law or to obtain, maintain or comply with any permit, license
or other approval required under any Environmental Law; or (b) has become subject to any Environmental Liability.

 

6.10Insurance.

 

The properties of the
Loan Parties and their Restricted Subsidiaries are insured with financially sound and reputable insurance companies that are not
Affiliates of the Company, in such amounts, with such deductibles and covering such risks as are customarily carried by companies
engaged in similar businesses and owning similar properties in localities where the applicable Loan Party or the applicable Restricted
Subsidiary operates. The property and general liability insurance coverage of the Loan Parties as in effect on the Closing Date
is outlined as to carrier, policy number, expiration date, type, amount and deductibles on Schedule 6.10.

 

6.11Taxes.

 

Each Loan Party and
its Restricted Subsidiaries (a) has filed or caused to be filed all federal, state, provincial and other Tax returns that are required
to be filed and (b) has paid all Taxes shown to be due and payable on said returns and all other Taxes imposed on it or any of
its property by any Governmental Authority (other than the amount or validity of which are currently being contested in good faith
by appropriate proceedings and with respect to which any reserves required in conformity with GAAP have been provided on the books
of such Loan Party or such Restricted Subsidiary, as the case may be), except in each case under clauses (a) and (b) where the
failure to do so could not reasonably be expected to have a Material Adverse Effect.

 

6.12ERISA
Compliance.

 

(a)Each Plan is
in compliance in all respects with the applicable provisions of ERISA, the Internal Revenue Code and other federal or state Laws,
except where the failure to do so could not reasonably be expected to have a Material Adverse Effect. Each Plan that is intended
to be a qualified plan under Section 401(a) of the Internal Revenue Code has received a favorable determination or opinion
letter from the IRS to the effect that the form of such Plan is qualified under Section 401(a) of the Internal Revenue Code
and the trust related thereto has been determined by the IRS to be exempt from federal income tax under Section 501(a) of
the Internal Revenue Code, or an application for such a letter is currently being processed by the IRS or is not required to be
obtained. To the knowledge of the Responsible Officers of the Loan Parties, nothing has occurred that would prevent or cause the
loss of such tax-qualified status.

 

(b)There are no
pending or, to the knowledge of the Responsible Officers of the Loan Parties, threatened claims, actions or lawsuits, or action
by any Governmental Authority, with respect to any Plan that could be reasonably be expected to have a Material Adverse Effect.
To the best knowledge of the Responsible Officers of the Loan Parties, there has been no

 

    - 139 -

     

    

violation of the fiduciary responsibility
rules with respect to any Plan that has resulted or could reasonably be expected to result in a Material Adverse Effect.

 

(c)Except with
respect to any matters that, individually or in the aggregate, could not reasonably be expected to result in a Material Adverse
Effect, (i) no ERISA Event has occurred, and no Loan Party nor any Restricted Subsidiary reasonably expects to incur any liability
under Title IV of ERISA; (ii) each Loan Party and each ERISA Affiliate has met all applicable requirements under the Pension Funding
Rules in respect of each Pension Plan, and no waiver of the minimum funding standards under the Pension Funding Rules has been
applied for or obtained; (iii) as of the most recent valuation date for any Pension Plan, the funding target attainment percentage
(as defined in Section 430(d)(2) of the Internal Revenue Code) is 60% or higher and no Loan Party nor any ERISA Affiliate
knows of any facts or circumstances that could reasonably be expected to cause the funding target attainment percentage for any
such plan to drop below 60% as of the most recent valuation date; (iv) no Loan Party nor any ERISA Affiliate has incurred any liability
to the PBGC other than for the payment of premiums, and there are no premium payments which have become due that are unpaid; (v)
no Loan Party nor any ERISA Affiliate has engaged in a transaction that is reasonably likely to be subject to Section 4069
or Section 4212(c) of ERISA; and (vi) no Plan that is subject to Title IV of ERISA has been terminated by the plan administrator
thereof other than under Section 4041(b) of ERISA nor by the PBGC within the last five years, no event or circumstance has occurred
or exists that could reasonably be expected to cause the PBGC to institute proceedings under Title IV of ERISA to terminate any
active Plan, and to the knowledge of the Responsible Officers of the Loan Parties, no Multiemployer Plan has been terminated within
the last five years and no event or circumstance has occurred or exists that could reasonably be expected to cause the PBGC to
institute proceedings under Title IV of ERISA to terminate any active Multiemployer Plan.

 

6.13Subsidiaries.

 

Set forth on Schedule
6.13 is a complete and accurate list as of the Closing Date of each Subsidiary, together with (i) jurisdiction of organization,
and (ii) percentage of outstanding shares of each class owned (directly or indirectly) by the Parent or any Subsidiary, (iii) number
and effect, if exercised, of all outstanding options, warrants, rights of conversion or purchase and all other similar rights (other
than stock options granted to officers, employees or directors and directors’ qualifying shares) with respect thereto, and
(iv) if applicable, identification of any such Subsidiary as an Immaterial Subsidiary.

 

6.14Use
of Proceeds; Margin Regulations; Investment Company Act.

 

(a)All proceeds
of the Loans will be used for the purposes specified in Section 7.11.

 

(b)No part of the
proceeds of any Loans, and no other Credit Extensions, will be used for “buying” or “carrying” any “margin
stock” (“Margin Stock”) within the respective meanings of each of the quoted terms under Regulation U
as now and from time to time hereafter in effect in violation of Regulation U.

 

    - 140 -

     

    

(c)No Loan Party
is required to be registered as an “investment company”, as defined in the Investment Company Act of 1940.

 

6.15Disclosure.

 

The statements and
information (excluding the projections and pro forma financial information referred to below) furnished to the Administrative Agent
or the Lenders or any of them, by or on behalf of any Loan Party for use in connection with the transactions contemplated by this
Agreement or the other Loan Documents, when taken as a whole, did not contain, on the date on which such information or statement
was so furnished, any untrue statement of a material fact or omit to state a material fact necessary in order to make the statements
contained therein not materially misleading. The projections and pro forma financial information contained in the materials referenced
above are based upon good faith estimates and assumptions believed by management of the Loan Parties to be reasonable at the time
made, it being recognized by the Lenders that such financial information as it relates to future events is not to be viewed as
fact and that actual results during the period or periods covered by such financial information may differ from the projected results
set forth therein by a material amount.

 

6.16Compliance
with Laws.

 

(a)Each Loan Party
and its respective Restricted Subsidiaries is in compliance with all Laws except to the extent that any such failure to comply
therewith could not reasonably be expected to have a Material Adverse Effect.

 

(b)Any Loan Party
incorporated in Luxembourg complies with the legal requirements of the Luxembourg law of 31 May 1999, as amended, regarding the
domiciliation companies.

 

6.17Intellectual
Property.

 

Each Loan Party and
each Restricted Subsidiary owns, or has a valid license to use, all the trademarks, service marks, trade names, trade secrets,
copyrights, patents, patent rights, franchises, licenses and other intellectual property rights (collectively, “IP Rights”)
necessary for the conduct of its business as currently conducted, except where the failure to do so could not reasonably be expected
to have a Material Adverse Effect, and each such IP Right is free and clear of all Liens, except for Permitted Liens. To each Loan
Party’s knowledge, no holding, injunction, decision or judgment has been rendered by any Governmental Authority and no Loan
Party nor any of its Restricted Subsidiaries has entered into any settlement stipulation or other agreement (except license agreements
in the ordinary course of business) which would limit, cancel or question the validity of, or any Loan Party’s rights in,
any IP Rights in any respect that would reasonably be expected to have a Material Adverse Effect. To each Loan Party’s knowledge,
no claim has been asserted or threatened or is pending by any Person challenging or questioning the use by the Parent or its Restricted
Subsidiaries of any IP Rights or the validity or effectiveness of any IP Rights, except as could not reasonably be expected to
have a Material Adverse Effect. The use of IP Rights by the Loan Parties and their respective Restricted Subsidiaries does not
infringe on the rights of any Person in a manner that would reasonably be expected to have a Material Adverse Effect. The

 

    - 141 -

     

    

Loan Parties and their respective Subsidiaries
take all reasonable actions that in the exercise of their reasonable business judgment should be taken to protect their IP Rights,
including IP Rights that are confidential in nature, except where the failure to do so could not reasonably be expected to have
a Material Adverse Effect. Set forth on Schedule 6.17 is a complete and accurate list of all IP Rights registered or pending
registration with the United States Copyright Office or the United States Patent and Trademark Office and owned by each Loan Party
as of the Closing Date.

 

6.18Solvency.

 

On the Closing Date,
(a) the Parent and its Subsidiaries are Solvent on a consolidated basis and (b) no Designated Borrower is subject to any proceeding
under any Debtor Relief Laws.

 

6.19Perfection
of Security Interests in the Collateral.

 

The Collateral Documents
create valid security interests in, and Liens on, the Collateral purported to be covered thereby, which security interests and
Liens, upon the recording, filing or completion of any other action required by the Collateral Documents, will be perfected security
interests and Liens, prior to all other Liens other than Permitted Liens on such Collateral, except to the extent that perfection
of such security interests and Liens are not required by the Loan Documents; provided that the making of this representation
and warranty pursuant to Section 5.01(e), and at any time during the 90-day period following the Closing Date, shall be
subject to the proviso to Section 5.01(l).

 

6.20Business
Locations; Taxpayer Identification Number.

 

Set forth on Schedule
6.20(a) is a list of all real property with a value in excess of $20,000,000 located in the United States that is owned or
leased by the Loan Parties as of the Closing Date. Set forth on Schedule 6.20(b) is a list of all locations in the United
States where any tangible personal property of any Loan Party is located as of the Closing Date. Set forth on Schedule 6.20(c)
is the chief executive office, tax payer identification number and organizational identification number of each Loan Party (in
each case, to the extent such concepts or equivalent concepts are relevant in the applicable jurisdiction of incorporation or organization)
as of the Closing Date. The exact legal name and state (or other applicable jurisdiction) of organization of each Loan Party is
as set forth on the signature pages hereto. Except as set forth on Schedule 6.20(d), no Loan Party has during the five years
preceding the Closing Date (i) changed its legal name, (ii) changed its state of formation, or (iii) been party to a merger, consolidation,
amalgamation or other change in structure.

 

6.21Anti-Terrorism
Laws; OFAC.

 

(a)Neither any
Loan Party nor any of its Subsidiaries is an “enemy” or an “ally of the enemy” within the meaning of Section 2
of the Trading with the Enemy Act of the United States of America (50 U.S.C. App. §§ 1 et seq.) (as amended,
the “Trading with the Enemy Act”). To the extent applicable, the Loan Parties and their Subsidiaries are in
compliance in all material respects with (i) the Trading with the Enemy Act, (ii) the foreign assets control regulations
of the

 

    - 142 -

     

    

United States Treasury Department (31 CFR,
Subtitle B, Chapter V, as amended) and any enabling legislation or executive order relating thereto and (iii) the Act.

 

(b)No Loan Party
(i) is a Person whose property or interest in property is blocked or subject to blocking pursuant to Section 1 of Executive Order
13224 of September 23, 2001 Blocking Property and Prohibiting Transactions With Persons Who Commit, Threaten to Commit, or Support
Terrorism (66 Fed. Reg. 49079 (2001)) or (ii) is a Person on the list of “Specially Designated Nationals and Blocked Persons”
or subject to the limitations or prohibitions under any other OFAC regulation or executive order.

 

(c)No Borrower
will directly or, to the knowledge of any Borrower, indirectly, use the proceeds of the Loans or Letters of Credit or lend, contribute,
or otherwise make available such proceeds to any Person, for the purpose of financing activities of or with any Person that, at
the time of such financing, is the subject of any U.S. sanctions administered by OFAC, except to the extent licensed by OFAC or
otherwise authorized under U.S. law.

 

6.22Anti-Corruption
Laws; FCPA.

 

(a)To the extent
applicable, each of the Loan Parties and their Subsidiaries is in compliance in all material respects with the Foreign Corrupt
Practices Act, 15 U.S.C. §§ 78dd-1, et seq. (the “FCPA”), and any foreign counterpart thereto.

 

(b)No part of the
proceeds of any Loan or any Letter of Credit will be used, directly or, to the knowledge of any Borrower, indirectly, for any payments
to any governmental official or employee, political party, official of a political party, candidate for political office, or anyone
else acting in an official capacity, in order to improperly obtain, retain or direct business or obtain any improper advantage,
in violation of the FCPA or any other applicable anti-bribery law.

 

6.23COMI.

 

With respect to each
Loan Party subject to the European Insolvency Regulation, its centre of main interest (centre des intérêts principaux)
(as that term is used in Article 3(1) of the European Insolvency Regulation) is situated in its jurisdiction of incorporation and,
with respect to each Loan Party incorporated in Luxembourg, the office (administration centrale) and the place of effective
management (siège de direction effective) are located at the place of their registered office (siège statutaire)
in Luxembourg.

 

Article
VII

AFFIRMATIVE COVENANTS

 

So long as any Lender
shall have any Commitment hereunder, any Loan or other Obligation hereunder (other than Obligations for indemnification, expense
reimbursement, tax gross-up or yield protection for which no claim has been made) shall remain unpaid or unsatisfied, or any Letter
of Credit shall remain outstanding, the Loan Parties shall and shall

 

    - 143 -

     

    

cause each Restricted Subsidiary to (except
that the obligations under Sections 7.01, 7.02 and 7.03 shall be obligations of the Parent only):

 

7.01Financial
Statements.

 

Deliver to the Administrative
Agent (for delivery to each Lender):

 

(a)as soon as available
but in any event within 90 days after the end of each fiscal year of the Parent, a copy of the audited consolidated balance sheet
of the Parent and its consolidated Subsidiaries as at the end of such year and the related audited consolidated statements of income
and of cash flows for such year, setting forth in each case in comparative form the figures as of the end of and for the previous
year, reported on without qualification arising out of the scope of the audit, by PricewaterhouseCoopers LLP or other independent
certified public accountants of nationally recognized standing; and

 

(b)as soon as available,
but in any event not later than 45 days after the end of each of the first three quarterly periods of each fiscal year of the Parent,
the unaudited consolidated balance sheet of the Parent and its consolidated Subsidiaries as at the end of such quarter, the related
unaudited consolidated statement of income for such quarter and the related unaudited consolidated statements of income and cash
flows for the portion of the fiscal year through the end of such quarter, setting forth in each case in comparative form the figures
as of the end of and for the corresponding period in the previous year, certified by a Responsible Officer of the Company as being
fairly stated in all material respects (subject to normal year-end audit adjustments and the lack of notes).

 

As to any information contained in materials
furnished pursuant to Section 7.02(d), the Company shall not be separately required to furnish such information under
clause (a) or (b) above, but the foregoing shall not be in derogation of the obligation of the Parent to furnish
the information and materials described in clauses (a) and (b) above at the times specified therein.

 

7.02Certificates;
Other Information.

 

Deliver to the Administrative
Agent (for delivery to each Lender or, in the case of Section 7.02(f), to the relevant Lender):

 

(a)concurrently
with the delivery of the financial statements referred to in Section 7.01(a), a certificate of its independent certified
public accountants (i) reporting on such financial statements and (ii) stating, to the extent not inconsistent with the policies
of such independent certified public accountants, that in making the examination necessary therefor no knowledge was obtained of
any Default under the financial covenants set forth herein or, if any such Default shall exist, stating the nature and status of
such event;

 

(b)(i) concurrently
with the delivery of the financial statements referred to in Sections 7.01(a) and 7.01(b), (x) a duly completed
Compliance Certificate signed by the chief executive officer, chief financial officer, treasurer or controller of the Company (including
(1) a description of each event, condition or circumstance during the last fiscal quarter covered by

 

    - 144 -

     

    

such Compliance Certificate requiring a
mandatory prepayment under Section 2.05(b) and (2) a reasonably detailed calculation of the Available Amount as of the last
day of the last fiscal quarter covered by such Compliance Certificate), (y) supplements to Schedule 6.13, such that, as
supplemented, such Schedule would be accurate and complete, in all material respects, as of such date and (z)(1) a summary of the
pro forma adjustments necessary to eliminate the accounts of Unrestricted Subsidiaries (if any) from such financial statements
and (2) a list identifying each Subsidiary of the Company as a Restricted Subsidiary or an Unrestricted Subsidiary as of the date
of delivery of such Compliance Certificate or confirming that there is no change in such information since the later of the Closing
Date and the date of the last such list and (ii) concurrently with the delivery of the financial statements referred to in Section 7.01(a),
a certificate signed by the chief executive officer, chief financial officer, treasurer or controller of the Company setting forth
the amount, if any, of Excess Cash Flow for the fiscal year then ended together with the calculation thereof in reasonable detail;

 

(c)as soon as available,
and in any event no later than sixty (60) days after the end of each fiscal year of the Parent, a detailed consolidated budget
for the following fiscal year (including a projected consolidated balance sheet of the Parent and its Subsidiaries as of the end
of the following fiscal year, the related consolidated statements of projected cash flow, projected changes in financial position
and projected income);

 

(d)promptly after
the same are available, copies of each annual report, proxy or financial statement sent to the equityholders of any Loan Party;

 

(e)promptly after
any request by the Administrative Agent or any Lender, copies of any detailed audit reports submitted to the board of directors
(or the audit committee of the board of directors) of any Loan Party by independent accountants in connection with the accounts
or books of any Loan Party or any Restricted Subsidiary, or any audit of any of them;

 

(f)promptly after
the furnishing thereof, copies of any material written notices received by any Loan Party (other than in the ordinary course of
business) or material statements or material reports furnished to any holder of debt securities (other than in connection with
any board observer rights) of any Loan Party or of any of its Restricted Subsidiaries pursuant to the terms of any Permitted First
Priority Refinancing Debt, Permitted Junior Priority Refinancing Debt, Permitted Unsecured Refinancing Debt or Indebtedness incurred
under Section 8.03(f), in each case, in a principal amount in excess of the Threshold Amount and not otherwise required
to be furnished to the Lenders pursuant to any other clause of Section 7.01, 7.02 or 7.03; and

 

(g)promptly, such
additional information regarding the business, financial or corporate affairs of the Parent or any Restricted Subsidiary as the
Administrative Agent or any Lender (through the Administrative Agent) may from time to time reasonably request.

 

Documents required
to be delivered pursuant to Section 7.01(a) or 7.01(b) or Section 7.02(d) or Section 7.02(f)
may be delivered electronically and if so delivered, shall be deemed to have been delivered on the date (i) on which the Company
posts such documents, or provides a link thereto, on the Company’s website on the Internet at the website address listed
on Schedule 11.02; or (ii) on which such documents are posted on the Company’s behalf on an

 

    - 145 -

     

    

Internet or intranet website, if any, to
which each Lender and the Administrative Agent have access (whether a commercial, third-party website or whether sponsored by the
Administrative Agent); provided that: (i) the Company shall deliver paper copies of such documents to the Administrative
Agent or any Lender upon its request to the Company to deliver such paper copies until a written request to cease delivering paper
copies is given by the Administrative Agent or such Lender and (ii) the Company shall notify the Administrative Agent and each
Lender (by telecopier or electronic mail) of the posting of any such documents and provide to the Administrative Agent by electronic
mail electronic versions (i.e., soft copies) of such documents. The Administrative Agent shall have no obligation to request
the delivery of or to maintain paper copies of the documents referred to above, and in any event shall have no responsibility to
monitor compliance by the Company with any such request by a Lender for delivery, and each Lender shall be solely responsible for
requesting delivery to it or maintaining its copies of such documents.

 

The Company hereby
acknowledges that (a) the Administrative Agent, the Arrangers and/or the Co-Managers will make available to the Lenders and the
L/C Issuers materials and/or information provided by or on behalf of the Company hereunder (collectively, “Company Materials”)
by posting the Company Materials on IntraLinks or another similar electronic system (the “Platform”) and (b)
certain of the Lenders (each a “Public Lender”) may have personnel who do not wish to receive material non-public
information with respect to the Company or its Affiliates, or the respective securities of any of the foregoing, and who may be
engaged in investment and other market-related activities with respect to such Persons’ securities. The Company hereby agrees
that so long as the Parent is the issuer of any outstanding debt or equity securities that are registered or issued pursuant to
a private offering or is actively contemplating issuing any such securities (w) all Company Materials that are to be made available
to Public Lenders shall be clearly and conspicuously marked “PUBLIC” which, at a minimum, shall mean that the word
“PUBLIC” shall appear prominently on the first page thereof; (x) by marking Company Materials “PUBLIC”,
the Company shall be deemed to have authorized the Administrative Agent, the Arrangers, the Co-Managers, the L/C Issuers and the
Lenders to treat such Company Materials as not containing any material non-public information with respect to the Company or its
securities for purposes of United States federal and state securities laws (provided, however, that to the extent
such Company Materials constitute Information, they shall be treated as set forth in Section 11.07); (y) all Company
Materials marked “PUBLIC” are permitted to be made available through a portion of the Platform designated as “Public
Side Information”; and (z) the Administrative Agent, the Arrangers and the Co-Managers shall be entitled to treat any Company
Materials that are not marked “PUBLIC” as being suitable only for posting on a portion of the Platform that is not
marked as “Public Side Information”. Notwithstanding the foregoing, the Company shall be under no obligation to mark
any Company Materials “PUBLIC”.

 

7.03Notices.

 

Promptly upon a Responsible
Officer of the Parent or the Company obtaining knowledge thereof, give notice to the Administrative Agent (who shall promptly notify
each Lender) of:

 

    - 146 -

     

    

(a)the occurrence
of any Default;

 

(b)any litigation,
investigation or proceeding (x) which may exist at any time between the Parent or any of its Restricted Subsidiaries and any other
Person, that in either case, could reasonably be expected to have a Material Adverse Effect or (y) with respect to any Loan Document;

 

(c)the following
events, to the extent that, individually or in the aggregate, they could reasonably be expected to have a Material Adverse Effect,
as soon as possible and in any event within 30 days after a Responsible Officer of the Parent or the Company knows thereof: (i)
the occurrence of any Reportable Event with respect to any Pension Plan, a failure to make any required contribution to a Pension
Plan, the creation of any Lien in favor of the PBGC or a Pension Plan or any withdrawal from, or the termination, reorganization
or insolvency of, any Multiemployer Plan, (ii) the institution of proceedings or the taking of any other action by the PBGC or
the Parent or any ERISA Affiliate or any Multiemployer Plan with respect to the withdrawal from, or the termination, reorganization
or insolvency of, any Pension Plan, and (iii) the occurrence of any similar events with respect to a Pension Plan that would reasonably
be likely to result in a direct obligation of the Parent or any of its Restricted Subsidiaries to pay money;

 

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

 

(e)the incurrence
or issuance of any Indebtedness for which a mandatory prepayment is required pursuant to Section 2.05(b)(v); and

 

(f)any announcement
by Moody’s or S&P of any change in a rating of any Facility.

 

Each notice pursuant
to this Section 7.03 shall be accompanied by a statement of a Responsible Officer of the Company setting forth details
of the occurrence referred to therein and stating what action the Company has taken and proposes to take with respect thereto.
Each notice pursuant to Section 7.03(a) shall describe with particularity any and all provisions of this Agreement
and any other Loan Document that have been breached.

 

7.04Payment
of Taxes.

 

Pay, discharge or otherwise
satisfy at or before maturity or before they become delinquent, as the case may be, all its material Taxes (other than Indebtedness),
except (a) where the amount or validity thereof is currently being contested in good faith by appropriate proceedings and reserves
required in conformity with GAAP with respect thereto have been provided on the books of the Parent or its Restricted Subsidiaries,
as the case may be, or (b) to the extent that failure to pay or satisfy such obligations could not, in the aggregate, reasonably
be expected to have a Material Adverse Effect.

 

    - 147 -

     

    

7.05Preservation
of Existence, Etc.

 

(a)Preserve, renew
and keep in full force and effect its corporate or other existence and (b) take all reasonable action to maintain all rights, privileges
and franchises necessary or desirable in the normal conduct of its business, except, in each case, as otherwise permitted by Section
8.04 and except to the extent that failure to do so could not reasonably be expected to have a Material Adverse Effect.

 

7.06Maintenance
of Properties.

 

(a)Keep all property
useful and necessary in its business in reasonably good working order and condition, ordinary wear and tear excepted, except where
the failure to do so could not reasonably be expected to have a Material Adverse Effect.

 

(b)Take all reasonable
and necessary steps to maintain and pursue each application (and to obtain the relevant registration) and to maintain each registration
of the material IP Rights, including, without limitation, filing of applications for renewal, affidavits of use and affidavits
of incontestability, except where the failure to do so could not reasonably be expected to have a Material Adverse Effect.

 

7.07Maintenance
of Insurance.

 

(a)Maintain insurance
with financially sound and reputable insurance companies insurance on all its material property in at least such amounts and against
at least such risks (but including in any event public liability, product liability and business interruption) as are usually insured
against in the same general area by companies engaged in the same or a similar business.

 

(b)Subject to Section
7.19(b), cause the Administrative Agent to be named as loss payee or mortgagee, as its interest may appear, and/or additional
insured with respect to any such insurance providing liability coverage or coverage in respect of any Collateral, and cause each
provider of any such insurance to agree, by endorsement upon the policy or policies issued by it or by independent instruments
furnished to the Administrative Agent, that it will give the Administrative Agent thirty (30) days prior written notice before
any such policy or policies shall be altered or canceled.

 

7.08Compliance
with Laws.

 

(a)Comply with
the requirements of all Laws except to the extent that failure to comply therewith could not, in the aggregate, reasonably be expected
to have a Material Adverse Effect, and (b) in the case of any Loan Party incorporated in Luxembourg, comply with the legal requirements
of the Luxembourg law of 31 May 1999, as amended, regarding the domiciliation of companies.

 

    - 148 -

     

    

7.09Books
and Records.

 

Keep proper books of
records and account in which full, true and correct entries in conformity with all Laws shall be made of all material dealings
and transactions in relation to its business and activities and which permit the preparation of consolidated financial statements
in accordance with GAAP or generally accepted accounting principles applicable in such Person’s jurisdiction of organization
(as applicable).

 

7.10Inspection
Rights.

 

(a)Permit the Administrative
Agent and representatives of any Lender to visit and inspect any of its properties and examine and make abstracts from any of its
books and records upon reasonable notice and during normal business hours (provided that such visits shall be coordinated
by the Administrative Agent, and in no event shall there be more than one such visit per year except during the continuance of
an Event of Default).

 

(b)Permit representatives
of the Administrative Agent or any Lender to have reasonable discussions regarding the business, operations, properties and financial
and other condition of the Parent and its Restricted Subsidiaries with officers and employees of the Parent and its Restricted
Subsidiaries.

 

(c)Permit representatives
of the Administrative Agent to have reasonable discussions regarding the business, operations, properties and financial and other
condition of the Parent and its Restricted Subsidiaries with its independent certified public accountants; provided that
(i) any such discussions with the Parent’s independent certified public accountants at the Parent’s expense shall,
except while an Event of Default has occurred and is continuing, be limited to one meeting per calendar year and (ii) a Responsible
Officer shall be offered the opportunity to be present. The Company shall not be deemed to be in breach of this subsection (c)
to the extent that such accountants refuse to have such discussions in spite of the Company’s instructions to such accountants
to have such discussions.

 

7.11Use
of Proceeds.

 

Use the proceeds of
(a) the Term A-1 Loans, Term A-2 Loans, Term B-1 Loans and Term B-2 Loans to finance (i) the Target Acquisition, (ii) the Refinancing
and (iii) fees and expenses incurred in connection with the Transaction; and (b) the Revolving Loans to finance working capital,
capital expenditures and other lawful corporate purposes, including to make permitted Restricted Payments, Permitted Acquisitions
and Investments permitted by Section 8.02, provided that no Loans under the Revolving Facility may be utilized to
finance the Target Acquisition or the Refinancing or to pay the fees and expenses incurred in connection with the Transaction.
Notwithstanding the foregoing, the Borrowers shall ensure that no proceeds of any Loans are used, directly or indirectly, in Switzerland
at any time.

 

    - 149 -

     

    

7.12Additional
Subsidiaries.

 

Within thirty (30)
days (or such longer period as may be agreed by the Administrative Agent in its sole discretion) after (x) (i) the acquisition
or formation of any Domestic Subsidiary by the Company (other than an Unrestricted Subsidiary) or (ii) the acquisition or formation
of any Subsidiary by Lux Intermediate Holdco (other than an Unrestricted Subsidiary), (y) any Restricted Subsidiary ceases to be
an Immaterial Subsidiary or (z) any Restricted Subsidiary that is a non-Wholly Owned Subsidiary becomes a Wholly Owned Subsidiary:

 

(a)notify the Administrative
Agent thereof in writing, together with the (A) jurisdiction of formation, (B) number of shares of each class of Equity Interests
outstanding, (C) number and percentage of outstanding shares of each class owned (directly or indirectly) by the Parent or
any Restricted Subsidiary and (D) number and effect, if exercised, of all outstanding options, warrants, rights of conversion or
purchase and all other similar rights with respect thereto; and

 

(b)in the case
of any Restricted Subsidiary of the Company that is not an Immaterial Subsidiary and is not a Restricted Subsidiary of Lux Intermediate
Holdco, (A) if such Subsidiary is a Domestic Subsidiary (other than a Foreign Holdco) that is a Wholly Owned Subsidiary,
cause such Person to become a Guarantor of all of the Obligations by executing and delivering to the Administrative Agent a Joinder
Agreement or such other documents as the Administrative Agent shall deem appropriate for such purpose, (B) if the circumstances
in clause (A) apply, upon the request of the Administrative Agent in its sole discretion, deliver to the Administrative Agent such
Organization Documents, resolutions and favorable opinions of counsel with respect to such Guarantor, all in form, content and
scope reasonably satisfactory to the Administrative Agent and (C) grant Liens in respect of its property and assets in the manner
required under Section 7.14; and

 

(c)in the case
of any Restricted Subsidiary of Lux Intermediate Holdco that is not an Immaterial Subsidiary (and subject to the Guaranty and Security
Principles), (A) if such Restricted Subsidiary is a Wholly Owned Subsidiary, cause such Person to become a Guarantor of the Foreign
Obligations of the Designated Borrowers, (B) if the circumstances in clause (A) apply, upon the request of the Administrative Agent
in its sole discretion, deliver to the Administrative Agent such Organization Documents, resolutions and favorable opinions of
counsel with respect to such Guarantor, all in form, content and scope reasonably satisfactory to the Administrative Agent, and
(C) grant Liens in respect of its property and assets in the manner required under Section 7.14.

 

Notwithstanding the foregoing, the requirements
of this Section 7.12 shall not apply with respect to any Subsidiary the assets of which constitute “Excluded Property”
pursuant to clause (g) of the definition of “Excluded Property”.

 

7.13Further
Assurances.

 

From time to time,
execute and deliver, or cause to be executed and delivered, such additional instruments, certificates or documents, and take all
such actions, as the Administrative 

 

    - 150 -

     

    

Agent may reasonably request for the
purposes of implementing or effectuating the provisions of this Agreement and the other Loan Documents, or of renewing the
rights of the Administrative Agent, the Lenders and the other holders of the Obligations with respect to the Collateral as to
which the Administrative Agent has a perfected Lien pursuant hereto or thereto, including, without limitation, filing any
financing or continuation statements or amendments to financing statements under the UCC (or any equivalent filings under
other similar laws) in effect in any jurisdiction with respect to the security interests created hereby.

 

7.14Pledged
Assets.

 

(a)Equity Interests.

 

(i)To
secure the Direct U.S. Loan Party Obligations, cause, in the case of any Domestic Loan Party, to the maximum extent permitted by
applicable Law, (A) 100% of the issued and outstanding Equity Interests of each Domestic Subsidiary (other than any Foreign Holdco)
of such Domestic Loan Party and (B) 65% of the issued and outstanding Equity Interests and CPECs entitled to vote (x) of each First
Tier Foreign Subsidiary of such Domestic Loan Party and (y) of each Foreign Holdco directly owned by such Domestic Loan Party,
in each case to be subject at all times to a first priority, perfected Lien in favor of the Administrative Agent (for the benefit
of each holder of the Direct U.S. Loan Party Obligations) pursuant to the terms and conditions of the Collateral Documents, together
with opinions of counsel and any filings and deliveries reasonably necessary in connection therewith to perfect the security interests
therein (other than any actions required by the laws of any foreign jurisdiction), all in form and substance reasonably satisfactory
to the Administrative Agent;

 

(ii)Subject
to the Guaranty and Security Principles, to secure the Foreign Obligations, to the maximum extent permitted by applicable Law,
cause 100% of the issued and outstanding Equity Interests of each U.S. Subsidiary of the Parent to be subject at all times to a
first priority, perfected Lien in favor of the Administrative Agent (for the benefit of each holder of Foreign Obligations) pursuant
to the terms and conditions of the Collateral Documents, together with opinions of counsel and any filings and deliveries reasonably
necessary in connection therewith to perfect the security interests therein (other than any actions required by the laws of any
foreign jurisdiction), all in form and substance reasonably satisfactory to the Administrative Agent; and

 

(iii)Subject
to the Guaranty and Security Principles, to secure the Foreign Obligations, to the maximum extent permitted by applicable Law,
cause 100% of the issued and outstanding Equity Interests of each non-U.S. Subsidiary of the Parent (other than any Immaterial
Subsidiary) to be subject at all times to a first priority, perfected Lien in favor of the Administrative Agent (for the benefit
of each holder of Foreign Obligations) pursuant to the terms and conditions of the Collateral Documents, together with opinions
of counsel and any filings and deliveries reasonably necessary in connection therewith to perfect the security interests therein
(other than any actions

 

    - 151 -

     

    

required by the laws of any foreign
jurisdiction), all in form and substance reasonably satisfactory to the Administrative Agent.

 

(b)Other Property
of Domestic Loan Parties. (i) Cause all property (other than Excluded Property) of each Domestic Loan Party to be subject at
all times to first priority, perfected Liens in favor of the Administrative Agent (for the benefit of each holder of the Obligations
(including the Foreign Obligations)) to secure the Obligations (including the Foreign Obligations) pursuant to the terms and conditions
of, and subject to the limitations set forth in, the Collateral Documents, subject in any case to Permitted Liens and (ii) deliver
such other documentation as the Administrative Agent may reasonably request in connection with the foregoing, all in form, content
and scope reasonably satisfactory to the Administrative Agent. Notwithstanding anything herein, no Domestic Loan Party shall be
required to enter into deposit account control agreements or securities account control agreements.

 

(c)Other Property
of Foreign Subsidiaries of Lux Intermediate Holdco. To the extent required under and in accordance with the terms of Section
7.12(c), and subject to the Guaranty and Security Principles, (i) cause all property (other than Excluded Property) of each
non-U.S. Restricted Subsidiary of Lux Intermediate Holdco other than any Immaterial Subsidiary) to be subject at all times to first
priority, perfected Liens in favor of the Administrative Agent (for the benefit of each holder of Foreign Obligations) to secure
the Foreign Obligations pursuant to the terms and conditions of, and subject to the limitations set forth in, the Collateral Documents,
subject in any case to Permitted Liens and (ii) deliver such other documentation as the Administrative Agent may reasonably request
in connection with the foregoing, all in form, content and scope reasonably satisfactory to the Administrative Agent. Notwithstanding
anything herein, no Foreign Loan Party shall be required to enter into deposit account control agreements or securities account
control agreements.

 

7.15COMI.

 

With respect to each
Loan Party subject to the European Insolvency Regulation, not knowingly, without the prior written consent of the Administrative
Agent, change its centre of main interest (as that term is used in Article 3(1) of the European Insolvency Regulation).

 

7.16Ratings.

 

Parent and the Company
shall use commercially reasonable efforts to obtain and maintain (i) a public corporate family rating of the Company and a rating
of each Facility, in each case from Moody’s, and (ii) a public corporate credit rating of the Company and a rating of each
Facility, in each case from S&P (it being understood and agreed that “commercially reasonable efforts” shall in
any event include the payment by the Company of customary rating agency fees and cooperation with information and data requests
by Moody’s and S&P in connection with their ratings process).

 

    - 152 -

     

    

7.17Designation
of Subsidiaries.

 

The Company may at
any time after the Closing Date designate any Restricted Subsidiary as an Unrestricted Subsidiary or any Unrestricted Subsidiary
as a Restricted Subsidiary; provided that, (a) immediately before and after such designation, no Default shall have occurred
and be continuing, (b) in the case of a designation of a Subsidiary as an Unrestricted Subsidiary, an Investment in the amount
of the fair market value of such Subsidiary would be permitted at such time, (c) immediately before and after giving effect to
any such designation, the Loan Parties shall be in compliance with the financial covenant set forth in Section 8.11 (irrespective
of whether such covenant is otherwise applicable) on a Pro Forma Basis (and the Administrative Agent shall have received a Pro
Forma Compliance Certificate demonstrating compliance with the foregoing) and (d) no Subsidiary may be designated as an Unrestricted
Subsidiary if, after such designation, it would be a “Restricted Subsidiary” for the purpose of any Permitted First
Priority Refinancing Debt, Permitted Junior Priority Refinancing Debt, Permitted Unsecured Refinancing Debt or any Indebtedness
incurred under Section 8.03(f). The designation of any Unrestricted Subsidiary as a Restricted Subsidiary shall constitute
(i) the incurrence at the time of designation of any Investment, Indebtedness or Liens of such Subsidiary existing at such time
and (ii) a return on any Investment by the Company in Unrestricted Subsidiaries pursuant to the preceding sentence in an amount
equal to the fair market value as determined in good faith by the Company at the date of such designation of the Company’s
or its Subsidiary’s (as applicable) Investment in such Subsidiary; provided that in no event shall any such return
on any Investment by the Company in an Unrestricted Subsidiary be duplicative of any return that increases the Available Amount
pursuant to the definition thereof.

 

7.18Margin
Regulations.

 

If, at any time, more
than 25% of the assets of the Parent and the Restricted Subsidiaries that are subject to Section 8.01 or Section 8.05 consists
of Margin Stock, the Parent shall notify the Administrative Agent thereof and shall, if requested by any Lender, provide such Lender
with a purpose statement on Form U-1 or Form G-3, as appropriate.

 

7.19Post-Closing
Obligations

 

(a)In the event
that the Post-Closing Reorganization steps described in steps 5, 9 and 10 of Schedule 1.01 are completed, the Company shall
notify the Administrative Agent thereof, and the Loan Parties shall deliver, or cause to be delivered, each of the items set forth
on Part A of Schedule 7.19 hereto on or prior to the dates set forth therein.

 

(b)The Loan
Parties shall deliver, or cause to be delivered, each of the items set forth on Parts B, C, D and E  of Schedule 7.19
hereto on or prior to the dates set forth therein.

 

    - 153 -

     

    

Article
VIII

NEGATIVE COVENANTS

 

So long as any Lender
shall have any Commitment hereunder, any Loan or other Obligation hereunder (other than Obligations for indemnification, expense
reimbursement, tax gross-up or yield protection for which no claim has been made) shall remain unpaid or unsatisfied, or any Letter
of Credit shall remain outstanding, no Loan Party shall, nor shall it permit any Restricted Subsidiary to, directly or indirectly:

 

8.01Liens.

 

Create, incur, assume
or suffer to exist any Lien upon any of its property, assets or revenues, whether now owned or hereafter acquired, other than the
following:

 

(a)Liens pursuant
to any Loan Document and Liens in favor of any L/C Issuer to cash collateral pledged under Section 2.14;

 

(b)Liens existing
on the date hereof and, in the case of any such Lien securing an amount in excess of $250,000, listed on Schedule 8.01 and
any renewals, refinancings or extensions thereof, provided that (i) the property covered thereby is not changed, (ii) the
amount secured or benefited thereby is not increased except as contemplated by Section 8.03(b) and (iii) any renewal, refinancing
or extension of the obligations secured or benefited thereby is permitted by Section 8.03(b);

 

(c)Liens (other
than Liens imposed under ERISA) for Taxes not yet due or which are being contested in good faith and by appropriate proceedings
diligently conducted, if adequate reserves with respect thereto are maintained on the books of the applicable Person to the extent
required by GAAP;

 

(d)Liens of landlords
and Liens of carriers, warehousemen, mechanics, materialmen and suppliers and other Liens imposed by law or pursuant to customary
reservations or retentions of title arising in the ordinary course of business, provided that such Liens secure only amounts
not yet due and payable or, if due and payable, are unfiled and no other action has been taken to enforce the same or are being
contested in good faith by appropriate proceedings for which adequate reserves determined in accordance with GAAP have been established;

 

(e)pledges or deposits
in the ordinary course of business in connection with workers’ compensation, unemployment insurance and other social security
legislation, other than any Lien imposed by ERISA;

 

(f)deposits to
secure the performance of bids, trade contracts and leases (other than Indebtedness), statutory obligations, surety and appeal
bonds, performance bonds and other obligations of a like nature incurred in the ordinary course of business;

 

    - 154 -

     

    

(g)easements, rights-of-way,
restrictions and other similar encumbrances affecting real property which, in the aggregate, are not substantial in amount, and
which do not in any case materially detract from the value of the property subject thereto or materially interfere with the ordinary
conduct of the business of the applicable Person;

 

(h)Liens securing
judgments (or appeal or other surety bonds relating to such judgments) not constituting an Event of Default under Section 9.01(h);

 

(i)Liens securing
Indebtedness permitted under Section 8.03(e); provided that (i) such Liens do not at any time encumber
any property other than the property financed by such Indebtedness and (ii) the Indebtedness secured thereby does not exceed the
cost of the property being acquired on the date of acquisition;

 

(j)licenses, leases
or subleases granted to others not interfering in any material respect with the business of the Parent or any of its Restricted
Subsidiaries;

 

(k)any interest
of title of a lessor under, and Liens arising from UCC financing statements (or equivalent filings, registrations or agreements
in foreign jurisdictions) relating to, leases not prohibited by this Agreement;

 

(l)normal and customary
rights of setoff upon deposits of cash in favor of banks or other depository institutions;

 

(m)Liens of a collection
bank arising under Section 4-210 of the UCC on items in the course of collection;

 

(n)Liens of sellers
of goods to the Parent and its Restricted Subsidiaries arising under Article 2 of the UCC or similar provisions of applicable law
in the ordinary course of business, covering only the goods sold and securing only the unpaid purchase price for such goods and
related expenses;

 

(o)receipt of progress
payments and advances from customers in the ordinary course of business to the extent same creates a Lien on the related inventory
and proceeds thereof;

 

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

 

(q)Liens deemed
to exist in connection with Investments in repurchase agreements permitted under Section 8.02;

 

(r)Liens solely
on any cash earnest money deposits made in connection with an Investment permitted by Section 8.02;

 

(s)Liens on assets
of Foreign Subsidiaries securing Indebtedness of such Foreign Subsidiaries permitted by Section 8.03(g);

 

    - 155 -

     

    

(t)Liens existing
on the property at the time of its acquisition or existing on the property of any Person at the time such Person became a Restricted
Subsidiary (other than by designation as a Restricted Subsidiary pursuant to Section 7.18), provided that (i) such
Liens do not extend to or cover any other assets (other than proceeds thereof) and such Liens were not created in contemplation
of such acquisition or such Person becoming a Restricted Subsidiary and (ii) the aggregate amount of all obligations secured by
such Liens does not exceed $50,000,000 at any time outstanding;

 

(u)transfer restrictions,
purchase options, calls or similar rights of third-party joint venture partners with respect to Equity Interests of joint venture
entities;

 

(v)other Liens
securing obligations in an aggregate amount not to exceed the greater of $100,000,000 and 1.75% of Consolidated Total Assets as
of the end of the most recently ended period of four fiscal quarters, outstanding at the time such obligations were incurred; and

 

(w)Liens on all
or a portion of the Collateral securing obligations in respect of Permitted First Priority Refinancing Debt or Permitted Junior
Priority Refinancing Debt, subject to the requirements of clause (viii) of the first proviso to the definition of Credit Agreement
Refinancing Indebtedness.

 

8.02Investments.

 

Make any Investments,
except:

 

(a)Investments
held by the Parent or such Restricted Subsidiary in the form of cash or Cash Equivalents;

 

(b)Investments
existing as of the Closing Date and, in the case of any such Investment in any Person other than the Parent and its Subsidiaries
and that is in an amount in excess of $250,000, set forth in Schedule 8.02(b);

 

(c)Permitted Intercompany
Investments;

 

(d)Investments
consisting of extensions of credit in the nature of accounts receivable or notes receivable arising from the grant of trade credit
in the ordinary course of business, and Investments received in satisfaction or partial satisfaction thereof from financially troubled
account debtors or other disputes with customers or suppliers to the extent reasonably necessary in order to prevent or limit loss
and Investments consisting of the prepayment of suppliers and service providers on customary terms in the ordinary course of business;

 

(e)(i) Guarantees
permitted by Section 8.03 and (ii) prior to the time that payment or performance in respect of such Guarantee is required,
Guarantees of obligations that are not Indebtedness;

 

(f)Permitted Acquisitions;

 

    - 156 -

     

    

(g)Investments
in a Person at the time of a Permitted Acquisition of such Person (whether by way of merger, stock purchase, asset purchase or
otherwise), provided that such Investments were not made in contemplation of such Acquisition;

 

(h)advances or
loans to directors, officers and employees that do not exceed $10,000,000 in the aggregate at any one time outstanding;

 

(i)to the extent
permitted by Section 8.05, non-cash consideration received in connection with Dispositions;

 

(j)Investments
arising under Swap Contracts permitted by Section 8.03;

 

(k)any Investment
in a Foreign Subsidiary to the extent such Investment is substantially contemporaneously repaid in full with a dividend or other
distribution from such Foreign Subsidiary;

 

(l)to the extent
constituting Investments, pledges and deposits permitted by Sections 8.01(e) and 8.01(f);

 

(m)to the extent
constituting an Investment by such Person, the payment, prepayment, redemption or acquisition for value of Indebtedness of such
Person permitted by Section 8.12(b);

 

(n)Investments
to the extent made with the cash proceeds of an issuance of Equity Interests by the Parent (other than any such proceeds included
for purposes of determining the Available Amount), so long as (i) such proceeds are maintained in a segregated account pending
such Investment and (ii) such Investment is consummated within sixty (60) days of such issuance of Equity Interests;

 

(o)so long as no
Event of Default exists at the time of making such Investment or would result therefrom, Investments (other than Acquisitions)
in an amount not to exceed the greater of $75,000,000 at any time outstanding, or, if greater at the time such Investment was made,
1.50% of Consolidated Total Assets as of the end of the most recently ended period of four fiscal quarters, in the aggregate at
any time outstanding;

 

(p)contributions
by the Parent or any Restricted Subsidiary to any Foreign Subsidiary or Foreign Holdco of Equity Interests in any Foreign Subsidiary;
provided that (i) in no circumstances may Equity Interests in a Designated Borrower be contributed to an Unrestricted Subsidiary
and (ii) after giving effect to any such contribution with respect to a Designated Borrower, the Equity Interests in such Designated
Borrower shall continue to be pledged as Collateral securing the Foreign Obligations;

 

(q)Investments
in Unrestricted Subsidiaries in an aggregate amount not to exceed $50,000,000;

 

(r)the Merger;

 

    - 157 -

     

    

(s)so long as no
Default exists at the time of making such Investment or would result therefrom, Investments in an amount not to exceed the Available
Amount at such time; and

 

(t)the Post-Closing
Reorganization.

 

8.03Indebtedness.

 

Create, incur, assume
or suffer to exist any Indebtedness, except:

 

(a)Indebtedness
under the Loan Documents;

 

(b)Indebtedness
set forth in Schedule 8.03 (and renewals, refinancings, refundings and extensions thereof; provided that (i) the
amount of such Indebtedness is not increased at the time of such renewal, refinancing, refunding or extension except by an amount
equal to a reasonable premium or other reasonable amount paid, and fees and expenses reasonably incurred, in connection with such
renewal, refinancing, refunding or extension and by an amount equal to any existing commitments unutilized thereunder, and (ii)
the terms relating to principal amount, amortization, maturity, guarantees, collateral (if any) and subordination (if any), and
other material terms taken as a whole, of any such renewing, refinancing, refunding or extending Indebtedness, and of any agreement
entered into and of any instrument issued in connection therewith, are no less favorable in any material respect to the Loan Parties
or the Lenders (as reasonably determined by the Company) than the terms of any agreement or instrument governing or evidencing
the Indebtedness being renewed, refinanced, refunded or extended and the interest rate applicable to any such renewing, refinancing,
refunding or extending Indebtedness does not exceed the then applicable market interest rate);

 

(c)intercompany
Indebtedness arising from loans and advances permitted under Section 8.02;

 

(d)obligations
(contingent or otherwise) existing or arising under any Swap Contract, provided that such obligations are (or were) entered
into by such Person in the ordinary course of business for the purpose of directly mitigating risks associated with liabilities,
commitments, investments, assets, revenue or property held or reasonably anticipated by such Person, or changes in the value of
securities issued by such Person, and not for purposes of speculation or taking a “market view”;

 

(e)purchase money
Indebtedness (including obligations in respect of Capital Leases or Synthetic Leases) hereafter incurred to finance the purchase
of fixed assets, and renewals, refinancings and extensions thereof, provided that (i) the total of all such Indebtedness
for all such Persons taken together shall not exceed an aggregate principal amount equal to the greater of $50,000,000 and 1.0%
of Consolidated Total Assets as of the end of the most recently ended period of four fiscal quarters at any one time outstanding;
and (ii) such Indebtedness when incurred shall not exceed the purchase price of the asset(s) financed and (iii) no such Indebtedness
shall be refinanced for a principal amount in excess of the principal balance outstanding thereon at the time of such refinancing;

 

    - 158 -

     

    

(f)unsecured Indebtedness;
provided that (i) after giving effect to the incurrence of such Indebtedness on a Pro Forma Basis, the Loan Parties are
in compliance with the Consolidated Net Leverage Ratio Test (for this purpose, determined without regard to the netting of any
cash proceeds from the incurrence of such Indebtedness), and the Administrative Agent shall have received a Pro Forma Compliance
Certificate demonstrating that the Loan Parties are in compliance with the requirements of this clause (i), (ii) no Default exists
immediately prior and after giving effect thereto, (iii) the maturity date for any such Indebtedness shall not be earlier than
180 days after the Latest Maturity Date of any Term Loan, (iv) the Weighted Average Life to Maturity for any such Indebtedness
shall not be shorter than the longest then-remaining Weighted Average Life to Maturity of any Term Loan and (v) the total of all
such Indebtedness incurred by Subsidiaries other than Loan Parties shall not exceed an aggregate principal amount of $125,000,000
at any one time outstanding;

 

(g)Indebtedness
of Foreign Subsidiaries in an aggregate principal amount not to exceed $40,000,000 at any one time outstanding;

 

(h)to the extent
constituting Indebtedness, indemnification and non-compete obligations or adjustments in respect of the purchase price (including
earn-outs and other contingent deferred payments) in connection with any Permitted Acquisition;

 

(i)to the extent
constituting Indebtedness, customary indemnification obligations to purchasers and purchase price adjustments in connection with
Dispositions permitted by Section 8.05;

 

(j)Indebtedness
in respect of workers’ compensation claims, property, casualty or liability insurance, take-or-pay obligations in supply
arrangements, self-insurance obligations, performance, bid and surety bonds and completion guaranties, in each case in the ordinary
course of business;

 

(k)Indebtedness
supported by a Letter of Credit, in a principal amount not in excess of the stated amount of such Letter of Credit;

 

(l)Indebtedness
arising from the honoring by a bank or other financial institution of a check, draft or similar instrument inadvertently drawn
by the Parent or any Restricted Subsidiary in the ordinary course of business against insufficient funds, so long as such Indebtedness
is promptly repaid;

 

(m)Guarantees with
respect to Indebtedness permitted under this Section 8.03; provided that any Guarantee by a Domestic Loan Party of
Indebtedness of any Domestic Non-Loan Party or any Foreign Subsidiary and any Guarantee by a Foreign Loan Party of Indebtedness
of any Foreign Non-Loan Party must, in each case, also be permitted by Section 8.02 (other than Section 8.02(e));

 

(n)(i) Indebtedness
in respect of the Senior Notes in an aggregate principal amount not to exceed $600,000,000 and (ii) any Permitted Refinancing with
respect thereto;

 

    - 159 -

     

    

(o)(i) Permitted
First Priority Refinancing Debt, Permitted Junior Priority Refinancing Debt and Permitted Unsecured Refinancing Debt and (ii) Guarantees
with respect to Indebtedness incurred under preceding clause (i), subject to the requirements of clause (vii) of the first proviso
to the definition of Credit Agreement Refinancing Indebtedness; and

 

(p)other unsecured
Indebtedness in an aggregate principal amount not to exceed the greater of (x) $150,000,000 and (y) 2.75% of Consolidated Total
Assets as of the end of the most recently ended period of four fiscal quarters at any one time outstanding.

 

8.04Fundamental
Changes.

 

Merge, dissolve,
liquidate, consolidate or amalgamate with or into another Person, except that, (a) the Parent may merge or consolidate with
any of its Restricted Subsidiaries (other than either Borrower) provided that the Parent is the continuing or
surviving corporation, (b) the Company may merge or consolidate with any of its Restricted Subsidiaries (other than the
Designated Borrowers) provided that the Company is the continuing or surviving corporation, (c) the Merger and the
Post-Closing Reorganization may each be consummated, (d) any Designated Borrower may merge or consolidate with any of its
Restricted Subsidiaries (other than another Designated Borrower) provided that such Designated Borrower is the
continuing or surviving corporation, (e) any Domestic Subsidiary of the Company may merge or consolidate with any other
Domestic Subsidiary of the Company provided that if a Domestic Guarantor is a party to such transaction, the
continuing or surviving Person is (or shall, simultaneously upon consummation of such transaction, become) a Domestic
Guarantor, (f) any Foreign Subsidiary (other than a Designated Borrower) of the Company may merge or consolidate with any
other Foreign Subsidiary (other than a Designated Borrower) of the Company provided that if a Foreign Guarantor is
a party to such transaction, the continuing or surviving Person is (or shall, simultaneously upon consummation of such
transaction, become) a Foreign Guarantor, (g) the Parent or any Restricted Subsidiary may merge with any other Person in
connection with a Permitted Acquisition, provided that (i) if the Parent is a party to such transaction, the Parent is
the continuing or surviving corporation, (ii) if the Company is a party to such transaction, the Company is the continuing or
surviving corporation, (iii) if a Designated Borrower is a party to such transaction, such Designated Borrower is the
continuing or surviving corporation and (iv) if any other Loan Party is a party to such transaction, the continuing or
surviving Person is (or, if not already a Loan Party, shall, substantially concurrently with the consummation of such
transaction, become) a Loan Party, (h) any Restricted Subsidiary (other than a Borrower) may dissolve, liquidate or wind up
its affairs at any time, provided that such dissolution, liquidation or winding up, as applicable, could not
reasonably be expected to have a Material Adverse Effect, (i) any Restricted Subsidiary (other than a Borrower) may merge or
consolidate with or into another Person, or dissolve or liquidate, in each case, solely for the purpose of effecting a
Disposition expressly permitted pursuant to Section 8.05 and (j) any Restricted Subsidiary may merge or consolidate
with any other Person in order to effectuate an Investment expressly permitted pursuant to Section 8.02 provided
that (i) if such Restricted Subsidiary is (x) a Domestic Loan Party, the continuing or surviving Person is or shall become a
Domestic Loan Party (and if such Subsidiary is the
Company, the Company shall be the continuing or surviving Person) or (y) a Foreign Loan Party, the continuing or surviving Person
is or shall become a 

 

    - 160 -

     

    

Loan Party (and if such Subsidiary is a Designated Borrower, such Designated Borrower shall be the continuing
or surviving Person), and (ii) if the continuing or surviving Person shall be a Restricted Subsidiary (other than an Immaterial
Subsidiary), such Person, together with each of its Restricted Subsidiaries (if any), shall have complied with Section 7.12
within the timeframes specified therein.

 

8.05Dispositions.

 

Make any Disposition
except:

 

(a)Permitted Transfers
and Dispositions set forth on Schedule 8.05;

 

(b)to the extent
constituting a Disposition, the creation of Liens, the making of Investments, the consummation of fundamental changes and the making
of Restricted Payments permitted by Sections 8.01, 8.02, 8.04 and 8.06, respectively;

 

(c)the Disposition
of any Immaterial Subsidiary, so long as (i) the fair market value of such Immaterial Subsidiary’s assets shall not exceed
$40,000,000 as of the date of such Disposition and (ii) the aggregate fair market value of all Immaterial Subsidiaries’ assets
disposed of pursuant to this clause (c) shall not exceed $150,000,000;

 

(d)to the extent
constituting a Disposition, the unwinding of any Swap Contract pursuant to its terms;

 

(e)the Disposition
of “non-core”, surplus or obsolete assets acquired pursuant to a Permitted Acquisition that are Disposed of within
six (6) months following the consummation of such Permitted Acquisition, so long as (i) no Default exists immediately prior and
after giving effect thereto, (ii) the consideration paid in connection therewith shall be in an amount not less than the fair market
value of the property disposed of (as reasonably determined by the Company) and (iii) the Loan Parties or their Restricted Subsidiaries
shall receive not less than 75% of the consideration for any such Disposition in the form of cash and Cash Equivalents; and

 

(f)the Disposition
of assets to obtain the approval of any applicable antitrust authority in connection with a Permitted Acquisition, so long as (i)
the consideration paid in connection therewith shall be in an amount not less than the fair market value of the property disposed
of (as reasonably determined by the Company), (ii) the Loan Parties or their Restricted Subsidiaries shall receive not less than
75% of the consideration for any such Disposition in the form of cash and Cash Equivalents and (iii) the fair market value of such
assets (as reasonably determined by the Company) shall not exceed 25% of the purchase price of such Permitted Acquisition; and

 

(g)other Dispositions
so long as (i) the consideration paid in connection therewith shall be in an amount not less than the fair market value of the
property disposed of (as reasonably determined by the Company), (ii) such transaction does not involve the sale or other disposition
of a minority equity interest in any Loan Party, (iii) such transaction does not involve a sale or other disposition of receivables
other than receivables owned by or attributable to other

 

    - 161 -

     

    

property concurrently being disposed of
in a transaction otherwise permitted under this Section 8.05 and (iv) the Loan Parties or their Restricted Subsidiaries
shall receive not less than 75% of the consideration for any such Disposition in the form of cash and Cash Equivalents.

 

The Administrative
Agent is hereby instructed by the Lenders and hereby agrees with the Loan Parties that the Administrative Agent shall release its
Liens on any property Disposed of in accordance with the terms of this Section 8.05 (and subject to the requirements
of Section 11.20).

 

8.06Restricted
Payments.

 

Declare or make, directly
or indirectly, any Restricted Payment, except that:

 

(a)each Restricted
Subsidiary of the Parent may make Restricted Payments to any Person that owns an Equity Interest in such Restricted Subsidiary,
ratably according to their respective holdings of the type of Equity Interest in respect of which such Restricted Payment is being
made;

 

(b)the Parent and
each Restricted Subsidiary may declare and make dividend payments or other distributions payable solely in Equity Interests (other
than Disqualified Capital Stock) of such Person;

 

(c)the Parent may
declare and make annual cash dividend payments to its shareholders of up to $0.50 per share (as adjusted so that the aggregate
amount payable pursuant to this clause (c) is not increased or decreased solely as a result of any stock split, reverse stock split,
stock dividend or similar reclassification); provided, that the declaration and payment of cash dividends pursuant to this
clause (c) shall not exceed $0.125 per share in the aggregate if an Event of Default shall have occurred and be continuing or would
occur as a consequence thereof;

 

(d)(i) the Parent
may withhold against or permit net settlement of Equity Interests from officers, employees and directors of any Loan Party or any
of its Restricted Subsidiaries under any equity-based plan or arrangement or (ii) the Parent may redeem or repurchase Equity Interests
from officers, employees and directors of any Loan Party or any of its Restricted Subsidiaries (or their estates, spouses or former
spouses) (A) as contemplated by Article II of the Merger Agreement or (B) upon the death, permanent disability, retirement or termination
of employment of any such Person or otherwise, so long as, in the case of this clause (d)(ii)(B), (x) no Default has occurred and
is continuing and (y) the aggregate amount of cash used to effect Restricted Payments pursuant to this clause (d)(ii)(B) in any
fiscal year of Parent does not exceed $25,000,000 (with unused amounts in any calendar year being carried over to succeeding calendar
years subject to a maximum of $50,000,000 in any calendar year);

 

(e)to the extent
constituting Restricted Payments, the Parent and its Restricted Subsidiaries may enter into and consummate transactions expressly
permitted by Section 8.02;

 

(f)the Parent may
purchase fractional shares of its Equity Interests arising out of stock dividends, splits, combinations or business combinations
(provided such transaction shall not be for the purpose of evading this limitation);

 

    - 162 -

     

    

(g)the Parent and
its Restricted Subsidiaries may make other Restricted Payments, so long as (i) at any time that the Consolidated Net Leverage Ratio
is greater than or equal to 4.50:1.00 after giving effect to such Restricted Payment on a Pro Forma Basis, the aggregate amount
of all Restricted Payments made under this Section 8.06(g) shall not exceed $50,000,000 in any fiscal year, (ii) no Default
exists immediately prior and after giving effect thereto and (iii) as of the date of such Restricted Payment after giving effect
thereto on a Pro Forma Basis, the Loan Parties are in compliance with Section 8.11 hereof;

 

(h)the Parent may
make other Restricted Payments in an aggregate amount not to exceed the Available Amount at such time; provided that (i)
no Event of Default has occurred and is continuing or would result therefrom and (ii) solely to the extent such payments are made
in reliance on clause (a) of the definition of “Available Amount”, the Consolidated Net Secured Leverage Ratio (calculated
on a Pro Forma Basis) is less than or equal to 4.00:1.00, and the Administrative Agent shall have received a Pro Forma Compliance
Certificate demonstrating that the Loan Parties are in compliance with the requirements of this clause (ii); and

 

(i)the payment
of any dividend within 60 days after the date of declaration thereof, if at the date of declaration such payment would have complied
with the provisions of this Agreement.

 

8.07Change
in Nature of Business.

 

Engage in any business,
either directly or through any of its Restricted Subsidiaries, except for (a) the provision of specialized software, outsourcing
services, application service provider solutions, fund administration and related services and various services relating, incidental
or ancillary thereto or (b) a business reasonably related thereto or a reasonable extension thereof.

 

8.08Transactions
with Affiliates.

 

Enter into or permit
to exist any transaction or series of transactions with any officer, director or Affiliate of such Person other than (a) transactions
with the Parent or any of its Restricted Subsidiaries that are not otherwise prohibited under this Agreement and any Permitted
Intercompany Investments, (b) transactions expressly permitted by this Agreement, (c) employment agreements, expense reimbursement,
compensation and benefits arrangements, (d) those agreements listed on Schedule 8.08 and (e) except as otherwise specifically
limited in this Agreement, other transactions which are on terms and conditions not materially less favorable to such Person as
would be obtainable by it in a comparable arm’s-length transaction with a Person other than an officer, director or Affiliate.

 

8.09Burdensome
Agreements.

 

(a)Enter into,
or permit to exist, any Contractual Obligation that encumbers or restricts the ability of any such Person to (i) in the case of
any Restricted Subsidiary, make Restricted Payments in respect of Equity Interests issued by it, (ii) pay any Indebtedness or other
obligation owed to any Loan Party, (iii) make loans or advances to any Loan Party or (iv) transfer

 

    - 163 -

     

    

any of its property to any Loan Party,
except for (1) this Agreement and the other Loan Documents, (2) any restrictions regarding licenses or sublicenses by the Parent
and its Restricted Subsidiaries of intellectual property in the ordinary course of business (in which case such restriction shall
relate only to such intellectual property), (3) restrictions contained in any agreement or instrument governing or evidencing any
Indebtedness of a Restricted Subsidiary which is not a Loan Party which is permitted by Section 8.03, so long as such restrictions
do not impair in the ability of the Loan Parties to perform their obligations under this Agreement, (4) customary restrictions
and conditions contained in any agreement relating to the sale of any property permitted under Section 8.04 or 8.05
pending the consummation of such sale, (5) customary provisions in joint venture agreements and other similar agreements applicable
to joint ventures permitted under Section 8.02 and applicable solely to such joint venture and entered into in the ordinary
course of business, (6) customary provisions in leases and other contracts restricting the assignment thereof, (7) any Permitted
Lien or any document or instrument governing any Permitted Lien, provided that any such restriction contained therein relates
only to the asset or assets subject to such Permitted Lien, (8) any agreements existing on the Closing Date and (9) Contractual
Obligations that are binding on a Restricted Subsidiary at the time such Restricted Subsidiary first becomes a Restricted Subsidiary,
so long as such Contractual Obligations were not entered into solely in contemplation of such Person becoming a Restricted Subsidiary.

 

(b)Enter into,
or permit to exist, any Contractual Obligation that (1) encumbers or restricts the ability of any Loan Party (other than a Designated
Borrower) to pledge its property pursuant to the Loan Documents (or any renewals, refinancings, exchanges, refundings or extensions
thereof), except for (i) this Agreement and the other Loan Documents, (ii) any document or instrument governing Indebtedness incurred
pursuant to Section 8.03(e), provided that any such restriction contained therein relates only to the asset
or assets constructed or acquired in connection therewith, (iii) software and other intellectual property licenses pursuant to
which the Parent or Restricted Subsidiary is the licensee of the relevant software or intellectual property, as the case may be
(in which case, any prohibition or limitation shall relate only to the assets which are the subject of the applicable license),
(iv) customary restrictions and conditions contained in any agreement relating to the sale of any property permitted under Section 8.05
pending the consummation of such sale, (v) customary provisions in joint venture agreements and other similar agreements applicable
to joint ventures permitted under Section 8.02 and applicable solely to such joint venture and are entered into in the ordinary
course of business, (vi) customary provisions in leases and other contracts restricting the assignment thereof, (vii) any Permitted
Lien or any document or instrument governing a Permitted Lien, provided that any such restriction contained therein relates
only to the asset or assets subject to such Permitted Lien, (viii) any agreements existing on the Closing Date and (ix) Contractual
Obligations that are binding on a Restricted Subsidiary at the time such Restricted Subsidiary first becomes a Restricted Subsidiary,
so long as such Contractual Obligations were not entered into solely in contemplation of such Person becoming a Restricted Subsidiary
or (2) requires the grant of any security for any obligation if such property is given as security for the Obligations.

 

    - 164 -

     

    

8.10Use
of Proceeds.

 

Use the proceeds of
any Credit Extension, whether directly or indirectly, and whether immediately, incidentally or ultimately, in violation of Regulation
U or X of the FRB.

 

8.11Financial
Covenant.

 

Consolidated Net
Secured Leverage Ratio. With respect to the Revolving Facility, the Term A-1 Facility and the Term A-2 Facility only, permit
the Consolidated Net Secured Leverage Ratio as of the end of any fiscal quarter of the Parent to be greater than the ratio specified
below for the periods specified below:

 

	
        Beginning with the
first full fiscal quarter following the Closing Date, the following fiscal quarters 
	
        Consolidated Net

Secured Leverage Ratio 

	The fiscal quarter ending December 31, 2015, through and including the fiscal quarter ending September 30, 2016	5.50 to 1.0
	The fiscal quarter ending December 31, 2016, through and including the fiscal quarter ending September 30, 2017	5.25 to 1.0
	The fiscal quarter ending December 31, 2017, through and including the fiscal quarter ending September 30, 2018	5.00 to 1.0
	The fiscal quarter ending December 31, 2018 and each fiscal quarter thereafter	4.75 to 1.0

 

Notwithstanding the
foregoing, in the event that the principal amounts of the Term A-1 Facility and the Term A-2 Facility have been repaid in full,
this Section 8.11 shall be in effect only if, as of the last day of any fiscal quarter, the aggregate Outstanding Amount
of all Revolving Loans and/or L/C Obligations (other than (i) Letters of Credit having an aggregate amount available to be drawn
thereunder not to exceed $20,000,000 and (ii) Letters of Credit which have been Cash Collateralized in an amount equal to 105%
of the amount available to be drawn under such Letters of Credit) at such time is greater than 20% of the Aggregate Revolving Commitments
as of the end of the most recently ended period of four fiscal quarters.

 

8.12Prepayment
of Other Indebtedness, Etc.

 

(a)If any Default
exists or would result therefrom, amend or modify any of the terms of any Subordinated Debt if such amendment or modification would
add or change any terms in a manner adverse to any Loan Party or any Restricted Subsidiary, or shorten the final maturity or Weighted
Average Life to Maturity or require any payment to be made sooner than originally scheduled or increase the interest rate applicable
thereto; provided that, no amendment or modification may be made to the terms of any Indebtedness incurred pursuant to Section
8.03(f)

 

    - 165 -

     

    

or (o) if, as a result of such amendment
or modification, the amended or modified Indebtedness would not be permitted to be incurred pursuant to Section 8.03(f)
or (o).

 

(b)Make any voluntary
or optional payment or prepayment or redemption or acquisition for value of (including, without limitation, by way of depositing
money or securities with the trustee with respect thereto before due for the purpose of paying when due), refund, refinance or
exchange of, any Subordinated Debt, except (i) the refinancing thereof with any Indebtedness (to the extent such Indebtedness
constitutes a Permitted Refinancing), to the extent not required to prepay any Loans pursuant to Section 2.05(b), (ii)
the conversion or exchange of any Subordinated Debt to or for Equity Interests (other than Disqualified Capital Stock) of the Parent,
(iii) the prepayment of Subordinated Debt of the Company or any Restricted Subsidiary to the Company or any Restricted Subsidiary,
subject to the subordination provisions applicable to any such Indebtedness, (iv) repayments, redemptions, purchases, defeasances
and other payments in respect of Subordinated Debt prior to the scheduled maturity thereof in an aggregate amount not to exceed
the Available Amount at such time; provided that (x) no Event of Default has occurred and is continuing or would result
therefrom and (y) solely to the extent such payments are made in reliance on clause (a) of the definition of “Available Amount”,
the Consolidated Net Secured Leverage Ratio (calculated on a Pro Forma Basis) is less than or equal to 4.00:1.00, and the Administrative
Agent shall have received a Pro Forma Compliance Certificate demonstrating that the Loan Parties are in compliance with the requirements
of this clause (y).

 

8.13Organization
Documents; Fiscal Year; Legal Name, State of Formation and Form of Entity.

 

(a)Amend, modify
or change its Organization Documents in a manner adverse to the Lenders.

 

(b)Change its fiscal
year from that in effect on the Closing Date.

 

(c)In the case
of a Loan Party, without providing prompt written notice to the Administrative Agent (and in any event not later than ten (10)
days following such change), change its name, state or jurisdiction of formation or form of organization.

 

Article
IX

EVENTS OF DEFAULT AND REMEDIES

 

9.01Events
of Default.

 

Any of the following
shall constitute an Event of Default:

 

(a)Non-Payment.
Any Loan Party fails to pay (i) when and as required to be paid herein, and in the currency required hereunder, any amount of principal
of any Loan or any L/C Obligation or deposit any funds as Cash Collateral in respect of L/C Obligations, or (ii) within three Business
Days after the same becomes due, any interest on any Loan or on any L/C

 

    - 166 -

     

    

Obligation, or any fee due hereunder, or
(iii) within five Business Days after the same becomes due, any other amount payable hereunder or under any other Loan Document;
or

 

(b)Specific
Covenants.

 

(i)Any
Loan Party fails to perform or observe any term, covenant or agreement contained in any of Section 7.01 or 7.02
and such failure continues for five Business Days; or

 

(ii)Any
Borrower fails to perform or observe any term, covenant or agreement contained in Section 7.05; or

 

(iii)Any
Loan Party fails to perform or observe any term, covenant or agreement contained in any of Section 7.03(a), Section
7.11 or Article VIII; provided that an Event of Default under Section 8.11 shall not constitute an Event
of Default for purposes of any Term Loan (other than the Term A-1 Loans and Term A-2 Loans) unless and until the Required Pro Rata
Lenders have actually terminated the Aggregate Revolving Commitments and/or declared all Revolving Loans, Term A-1 Loans and/or
Term A-2 Loans and all related Obligations to be immediately due and payable in accordance with this Agreement and such declaration
has not been rescinded on or before the date the Required Lenders declare an Event of Default with respect to Section 8.11;
or

 

(c)Other Defaults.
Any Loan Party fails to perform or observe any other covenant or agreement (not specified in subsection (a) or (b) above) contained
in any Loan Document on its part to be performed or observed and such failure continues for thirty days after the earlier of (i)
the giving of written notice thereof to the Company from the Administrative Agent or a Lender or (ii) a Responsible Officer of
the Company becomes aware of such failure; or

 

(d)Representations
and Warranties. Any representation or warranty made or deemed made by or on behalf of any Loan Party herein or in any other
Loan Document or in any certificate required to be delivered in connection herewith or therewith shall be incorrect in any material
respect when made or deemed made; or

 

(e)Cross-Default.
(i) Any Loan Party or any Restricted Subsidiary (A) fails to make any payment of principal or interest when due (whether by scheduled
maturity, required prepayment, acceleration, demand, or otherwise) beyond the applicable grace period in respect of any Indebtedness
or Guarantee (other than Indebtedness hereunder and Indebtedness under Swap Contracts) having an aggregate principal amount (including
amounts owing to all creditors under any combined or syndicated credit arrangement) of more than the Threshold Amount, or (B) fails
to observe or perform (beyond the applicable grace period) any other agreement or condition relating to any such Indebtedness or
Guarantee or contained in any instrument or agreement evidencing, securing or relating thereto, or any other event occurs (other
than (1) any required prepayment of Indebtedness secured by a Permitted Lien that becomes due as the result of the Disposition
of the assets subject to such Lien so long as such Disposition is permitted by this Agreement or (2) any required repurchase, repayment
or redemption of (or offer to repurchase, repay or redeem) any Indebtedness that was incurred for the specified purpose of financing
all or

 

    - 167 -

     

    

a portion of the consideration for a merger
or acquisition, provided that (x) such repurchase, repayment or redemption (or offer to repurchase, repay or redeem) results
solely from the failure of such merger or acquisition to be consummated, (y) such Indebtedness is repurchased, repaid or redeemed
in accordance with its terms and (z) no proceeds of the Credit Extensions are used to make such repayment, repurchase or redemption),
the effect of which failure or other event is to cause, or to permit the holder or holders of such Indebtedness or the beneficiary
or beneficiaries of such Guarantee (or a trustee or agent on behalf of such holder or holders or beneficiary or beneficiaries)
to cause, with the giving of notice if required, such Indebtedness to be demanded or to become due or to be repurchased, prepaid,
defeased or redeemed (automatically or otherwise), or an offer to repurchase, prepay, defease or redeem such Indebtedness to be
made, prior to its stated maturity, or such Guarantee to become payable or cash collateral in respect thereof to be demanded; or
(ii) there occurs under any Swap Contract an Early Termination Date (as defined in such Swap Contract; provided, that in
respect of any Swap Contract that is governed by a master agreement, such Early Termination Date must be in respect of all transactions
governed by such master agreement) resulting from (A) any event of default under such Swap Contract as to which any Loan Party
or any Restricted Subsidiary is the Defaulting Party (as defined in such Swap Contract) or (B) an Additional Termination Event
(as defined in such Swap Contract) or Credit Event Upon Merger (as defined in such Swap Contract) as to which any Loan Party or
any Restricted Subsidiary is the sole Affected Party (as defined in such Swap Contract) and, in either event, the Swap Termination
Value owed by any Loan Party or such Restricted Subsidiary as a result thereof is greater than the Threshold Amount; or

 

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

 

(g)Inability
to Pay Debts; Attachment. (i) Any Loan Party or any Restricted Subsidiary (other than an Immaterial Subsidiary) becomes unable
or admits in writing its inability or fails generally to pay its debts as they become due, or (ii) any writ or warrant of attachment
or execution or similar process is issued or levied against all or any material part of the property of any such Person and is
not released, vacated or fully bonded within thirty days after its issue or levy; or

 

(h)Judgments.
There is entered against any Loan Party or any Restricted Subsidiary (other than an Immaterial Subsidiary) one or more final judgments
or orders for the payment of money in an aggregate amount (as to all such judgments or orders) exceeding the Threshold Amount (to
the extent not covered by (A) independent third-party insurance as to which the

 

    - 168 -

     

    

insurer has been notified of the claim
and does not dispute coverage, (B) escrow funds held for the benefit of such Loan Party or Restricted Subsidiary as to which the
applicable trustee has not disputed the availability of such funds for such Loan Party or Restricted Subsidiary in connection with
such judgment or order or (C) contractual indemnification in favor of such Loan Party or Subsidiary from third parties that have
not disputed responsibility in writing and who the Administrative Agent in its discretion has determined to be creditworthy), and
there is a period of sixty consecutive days during which a stay of enforcement of such judgment, by reason of a pending appeal
or otherwise, is not in effect, or such judgment is not otherwise satisfied or discharged; or

 

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

 

(j)Invalidity
of Loan Documents. (i) Any material provision of any Loan Document, at any time after its execution and delivery and for any
reason other than as expressly permitted hereunder or thereunder or satisfaction in full of all the Obligations (other than Obligations
for indemnification, expense reimbursement, tax gross-up or yield protection for which no claim has been made), ceases to be in
full force and effect; or (ii) any Loan Party contests in any manner the validity or enforceability of any Loan Document; or (iii)
any Loan Party denies that it has any or further liability or obligation under any Loan Document, or purports to revoke, terminate
or rescind any Loan Document; or

 

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

 

9.02Remedies
Upon Event of Default.

 

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

 

(a)declare the
commitment of each Revolving Lender to make Revolving Loans and any obligation of each L/C Issuer to make L/C Credit Extensions
to be terminated, whereupon such commitments and obligation shall be terminated;

 

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

 

(c)require that
the Company Cash Collateralize the L/C Obligations (in an amount equal to the then Outstanding Amount thereof); and

 

    - 169 -

     

    

(d)exercise on
behalf of itself, the Lenders and the L/C Issuers all rights and remedies available to it, the Lenders and the L/C Issuers under
the Loan Documents or applicable Law or at equity;

 

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

 

9.03Application
of Funds.

 

After the exercise
of remedies provided for in Section 9.02 (or after the Loans have automatically become immediately due and payable
and the L/C Obligations have automatically been required to be Cash Collateralized as set forth in the proviso to Section 9.02):

 

(a)Subject to clauses
(b), (c) and (d) below, any amounts received by the Administrative Agent (or, to the extent that any Collateral Document requires
proceeds of collateral under such Collateral Document to be applied in accordance with the provisions of this Agreement, the collateral
agent, mortgagee, security trustee, pledgee or other secured party under such Collateral Document) on account of the Obligations
(including upon any sale or other Disposition of any Collateral or any distribution under a proceeding under any Debtor Relief
Laws with respect to any Loan Party), shall be applied by the Administrative Agent in the following order:

 

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

 

Second, to payment
in full of Unfunded Advances/Participations (the amounts so applied to be distributed between or among, as applicable, the Administrative
Agent and the L/C Issuers pro rata in accordance with the amounts of Unfunded Advances/Participations owed to them on the date
of any such distribution);

 

Third, to payment
of that portion of the Obligations constituting fees, indemnities and other amounts (other than principal, interest and Letter
of Credit Fees) payable to the Lenders and the L/C Issuers (including fees, charges and disbursements of counsel to the respective
Lenders and the L/C Issuers and amounts payable under Article III), ratably among them in proportion to the respective amounts
described in this clause Third payable to them;

 

Fourth, to payment
of that portion of the Obligations constituting accrued and unpaid Letter of Credit Fees and interest on the Loans and L/C Borrowings
and fees, premiums and

 

    - 170 -

     

    

scheduled periodic payments, and any interest
accrued thereon, due under any Secured Swap Contract between any Loan Party and any Lender, or any Affiliate of a Lender, ratably
among the Lenders (and, in the case of such Secured Swap Contracts, Affiliates of Lenders) and the L/C Issuers in proportion to
the respective amounts described in this clause Fourth held by them;

 

Fifth, to (a)
payment of that portion of the Obligations constituting unpaid principal of the Loans and L/C Borrowings, (b) payment of breakage,
termination or other payments, and any interest accrued thereon, due under any Secured Swap Contract between any Loan Party and
any Lender, or any Affiliate of a Lender, (c) payments of amounts due under any Secured Treasury Management Agreement between
any Loan Party and any Lender, or any Affiliate of a Lender and (d) Cash Collateralize that portion of L/C Obligations comprised
of the aggregate undrawn amount of Letters of Credit, ratably among the Lenders (and, in the case of such Secured Swap Contracts
and Secured Treasury Management Agreements, Affiliates of Lenders) and the L/C Issuers in proportion to the respective amounts
described in this clause Fifth held by them; and

 

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

 

(b)Notwithstanding
the foregoing provisions of this Section 9.03, to the extent monies or proceeds to be applied pursuant to clause (a) above
consist of proceeds received under any Foreign Collateral Document or are otherwise received from any Foreign Loan Party, such
proceeds will be applied as otherwise required in clause (a) above solely to the Foreign Obligations (as if each reference in said
clause to “Obligations” were to “Foreign Obligations”).

 

(c)Notwithstanding
the foregoing provisions of this Section 9.03, the Administrative Agent may in its sole discretion (and, at the request
of the Required Lenders, shall) apply any amounts described in clause (a) above, to the extent representing proceeds under any
U.S. Collateral Document or otherwise received from any Domestic Loan Party (a) first, to the Direct U.S. Loan Party Obligations
as provided in the First, Second, Third, Fourth and Fifth clauses thereof (as if each reference in said clauses to “Obligations”
were to “Direct U.S. Loan Party Obligations”) and (b) second, after repayment in full of all Direct U.S. Loan Party
Obligations, to all other Obligations as provided in the First, Second, Third, Fourth and Fifth clauses thereof.

 

(d)Notwithstanding
the foregoing provisions of this Section 9.03, to the extent monies or proceeds to be applied pursuant to clause (a) above
consist of proceeds received from a sale or other Disposition of Excess Foreign Entity Stock, such proceeds will be applied as
otherwise required in clause (a) above solely to the Foreign Obligations (as if each reference in said clause to “Obligations”
were to “Foreign Obligations”). In determining whether any Excess Foreign Entity Stock has been sold or otherwise Disposed
of, the Administrative Agent shall treat any sale or Disposition of Equity Interests or CPECs of any First Tier Foreign Subsidiary
or Foreign Holdco as first being a sale of Equity Interests or CPECs which are not Excess Foreign Entity Stock until such time
as the Equity Interests or CPECs sold represent 65% of the Equity Interests or CPECs of the respective First Tier Foreign Subsidiary
or Foreign Holdco and, after such threshold has been met, any further sales of Equity Interests or CPECs of the respective

 

    - 171 -

     

    

First Tier Foreign Subsidiary or Foreign
Holdco shall be treated as sales of Excess Foreign Entity Stock.

 

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

 

Notwithstanding the
foregoing, Obligations arising under Secured Treasury Management Agreements and Secured Swap Contracts shall be excluded from the
application described above if the Administrative Agent has not received written notice thereof, together with such supporting
documentation as the Administrative Agent may request, from the Lender or Affiliate of a Lender party to such Secured Treasury
Management Agreement or such Secured Swap Contract, as the case may be. Each holder of any such Obligations arising under Secured
Swap Contracts or Secured Treasury Management Agreements that is not a party to this Agreement that has given the notice contemplated
by the preceding sentence shall, by such notice, be deemed to have acknowledged and accepted the appointment of the Administrative
Agent pursuant to the terms of Article X hereof for itself and its Affiliates as if it were a “Lender” party
hereto.

 

Notwithstanding the
foregoing or anything to the contrary in this Agreement or any other Loan Document, in no circumstances shall proceeds of any Collateral
constituting an asset of a Loan Party which is not a Qualified ECP Guarantor be applied towards the payment of any Obligations
under Secured Swap Contracts.

 

Notwithstanding any
contrary provisions in any Loan Document, all references in the Loan Documents to payments, proceeds, liabilities, Obligations,
Loans, fees, collections, Guarantees, Collateral, security interests, pledges, and any other arrangement affecting the payment
obligations of the Borrowers and the other Loan Parties to the Administrative Agent, the Lenders and the other Secured Parties,
shall, in the case of and as applied to any Foreign Loan Party, only relate to the Foreign Obligations, such that no payments received
from, or collections on account of the property or assets of, a Foreign Loan Party (or rights to such receipt or such collection)
shall be applied to any Direct U.S. Loan Party Obligations, it being the intention of the parties hereto to avoid adverse tax consequences
for any Domestic Loan Party due to the application of Section 956 of the Internal Revenue Code. All provisions contained in any
Loan Document shall be interpreted consistently with this Section 9.03 to the extent possible, and where such other provisions
conflict with the provisions of this Section 9.03, the provisions of this Section 9.03 shall govern.

 

    - 172 -

     

    

Article
X

ADMINISTRATIVE AGENT

 

10.01Appointment
and Authority.

 

Each of the Lenders
and the L/C Issuers hereby irrevocably appoints DBNY to act on its behalf as the Administrative Agent hereunder and under the other
Loan Documents and authorizes the Administrative Agent to take such actions on its behalf and to exercise such powers as are delegated
to the Administrative Agent by the terms hereof or thereof, together with such actions and powers as are reasonably incidental
thereto. Except as expressly provided in Section 10.05 and 10.06, the provisions of this Article are solely for the
benefit of the Administrative Agent, the Lenders and the L/C Issuers, and neither the Borrowers nor any other Loan Party shall
have rights as a third party beneficiary of any of such provisions.

 

The Administrative
Agent shall also act as the “collateral agent” under the Loan Documents, and each of the Lenders (in its capacities
as a Lender, potential Swap Contract providers and potential Treasury Management Agreement providers) and the L/C Issuers hereby
irrevocably appoints and authorizes the Administrative Agent to act as the agent of such Lender and such L/C Issuer for purposes
of acquiring, holding and enforcing any and all Liens on Collateral granted by any of the Loan Parties to secure any of the Obligations,
together with such powers and discretion as are reasonably incidental thereto. In this connection, the Administrative Agent, as
“collateral agent” and any co-agents, sub-agents and attorneys-in-fact appointed by the Administrative Agent pursuant
to Section 10.05 for purposes of holding or enforcing any Lien on the Collateral (or any portion thereof) granted under
the Collateral Documents, or for exercising any rights and remedies thereunder at the direction of the Administrative Agent, shall
be entitled to the benefits of all provisions of this Article X and Article XI (including Section 11.04(c),
as though such co-agents, sub-agents and attorneys-in-fact were the “collateral agent” under the Loan Documents) as
if set forth in full herein with respect thereto.

 

The Administrative
Agent shall also act as security trustee in relation to the security created or evidenced by the English Security Documents. Each
Lender hereby authorizes the Administrative Agent to enter into the Security Trust Deed on its behalf. Each Person that becomes
a Lender hereunder after the Closing Date hereby confirms that it shall be bound by the terms of the Security Trust Deed on and
from the date on which it becomes a Lender as if it were an original Lender party thereto. In addition, each reference to the Administrative
Agent in this Article X (including in connection with any indemnification or exculpation provided herein for the benefit
of the Administrative Agent) shall be deemed to apply to the Administrative Agent acting in its capacity as security trustee under
the Security Trust Deed.

 

10.02Rights
as a Lender.

 

The Person serving
as the Administrative Agent hereunder shall have the same rights and powers in its capacity as a Lender as any other Lender and
may exercise the same as though it were not the Administrative Agent and the term “Lender” or “Lenders”
shall, unless otherwise

 

    - 173 -

     

    

expressly indicated or unless the context
otherwise requires, include the Person serving as the Administrative Agent hereunder in its individual capacity. Such Person and
its Affiliates may accept deposits from, lend money to, act as the financial advisor or in any other advisory capacity for and
generally engage in any kind of business with any Loan Party or any Subsidiary or other Affiliate thereof as if such Person were
not the Administrative Agent hereunder and without any duty to account therefor to the Lenders.

 

10.03Exculpatory
Provisions.

 

The Administrative
Agent shall not have any duties or responsibilities except those expressly set forth herein and in the other Loan Documents. Without
limiting the generality of the foregoing, the Administrative Agent:

 

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

 

(b)shall not have
any duty to take any discretionary action or exercise any discretionary powers, except discretionary rights and powers expressly
contemplated hereby or by the other Loan Documents that the Administrative Agent is required to exercise as directed in writing
by the Required Lenders (or such other number or percentage of the Lenders as shall be expressly provided for herein or in the
other Loan Documents), provided that the Administrative Agent shall not be required to take any action that, in its opinion
or the opinion of its counsel, may expose the Administrative Agent to liability or that is contrary to any Loan Document or applicable
law; and

 

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

 

The Administrative
Agent shall not be liable for any action taken or not taken by it (i) with the consent or at the request of the Required Lenders
(or such other number or percentage of the Lenders as shall be necessary, or as the Administrative Agent shall believe in good
faith shall be necessary, under the circumstances as provided in Sections 11.01 and 9.02) or (ii) in the absence
of its own gross negligence or willful misconduct (as determined by a court of competent jurisdiction in a final non-appealable
judgment). The Administrative Agent shall be deemed not to have knowledge of any Default unless and until notice describing such
Default is given to the Administrative Agent by the Company, a Lender or an L/C Issuer.

 

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

 

    - 174 -

     

    

agreement, instrument or document, or the
creation, perfection or priority of any Lien purported to be created by the Collateral Documents, (v) the value or the sufficiency
of any Collateral, or (vi) the satisfaction of any condition set forth in Article V or elsewhere herein, other than to confirm
receipt of items expressly required to be delivered to the Administrative Agent.

 

10.04Reliance
by Administrative Agent.

 

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

 

10.05Delegation
of Duties.

 

The Administrative
Agent may perform any and all of its duties and exercise its rights and powers hereunder or under any other Loan Document by or
through any one or more sub-agents appointed by the Administrative Agent. The Administrative Agent and any such sub-agent may perform
any and all of its duties and exercise its rights and powers by or through their respective Related Parties. The exculpatory provisions
of this Article shall apply to any such sub-agent and to the Related Parties of the Administrative Agent and any such sub-agent,
and shall apply to their respective activities in connection with the syndication of the credit facilities provided for herein
as well as activities as Administrative Agent.

 

10.06Resignation
of Administrative Agent.

 

The Administrative
Agent may at any time give notice of its resignation to the Lenders, the L/C Issuers and, unless an Event of Default under Section
9.01(f) then exists, the Company. Upon receipt of any such notice of resignation, the Required Lenders shall have the right,
with the consent of the Company at all times other than during the existence of an Event of Default (which consent shall not be
unreasonably withheld or delayed), to appoint a successor, which shall be a bank with an office in the United States, or an Affiliate
of any such bank with an office in the United States. If no such successor shall have been so appointed by the Required Lenders
and shall have accepted such appointment within 30 days after the retiring Administrative Agent gives notice of its resignation,
then the retiring Administrative Agent may on behalf of the

 

    - 175 -

     

    

Lenders and the L/C Issuers, appoint a
successor Administrative Agent meeting the qualifications set forth above; provided that if the Administrative Agent shall
notify the Company and the Lenders that no qualifying Person has accepted such appointment, then such resignation shall nonetheless
become effective in accordance with such notice and (a) the retiring Administrative Agent shall be discharged from its duties
and obligations hereunder and under the other Loan Documents (except that in the case of any collateral security held by the Administrative
Agent on behalf of the Lenders or the L/C Issuers under any of the Loan Documents, the retiring Administrative Agent shall continue
to hold such collateral security until such time as a successor Administrative Agent is appointed) and (b) all payments, communications
and determinations provided to be made by, to or through the Administrative Agent shall instead be made by or to each Lender and
each L/C Issuer directly, until such time as the Required Lenders appoint a successor Administrative Agent as provided for above
in this Section. Upon the acceptance of a successor’s appointment as Administrative Agent hereunder, such successor shall
succeed to and become vested with all of the rights, powers, privileges and duties of the retiring (or retired) Administrative
Agent, and the retiring Administrative Agent shall be discharged from all of its duties and obligations hereunder or under the
other Loan Documents (if not already discharged therefrom as provided above in this Section ). The fees payable by the 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 retiring Administrative Agent’s resignation hereunder and under the other Loan Documents, the
provisions of this Article and Section 11.04 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 the retiring Administrative Agent was acting as Administrative Agent.

 

Any resignation by
DBNY as Administrative Agent pursuant to this Section shall also constitute its resignation as an L/C Issuer, so long as,
effective upon such resignation, at least one L/C Issuer remains in such capacity and/or a successor L/C Issuer is appointed in
accordance with the immediately following sentence and the aggregate Letter of Credit Sublimits of all remaining L/C Issuers is
not less than the Letter of Credit Sublimit as in effect immediately prior to the effectiveness of such resignation. Upon the acceptance
of a successor’s appointment as Administrative Agent hereunder, (i) such successor shall succeed to and become vested with
all of the rights, powers, privileges and duties of the retiring L/C Issuer, (ii) such retiring L/C Issuer shall be discharged
from all of their respective duties and obligations hereunder or under the other Loan Documents, and (iii) the successor L/C Issuer
shall issue letters of credit in substitution for the Letters of Credit, if any, issued by such retiring L/C Issuer and outstanding
at the time of such succession or make other arrangements satisfactory to such retiring L/C Issuer to effectively assume the obligations
of such retiring L/C Issuer with respect to such Letters of Credit.

 

10.07Non-Reliance
on Administrative Agent and Other Lenders.

 

Each Lender and each
L/C Issuer acknowledges that it has, independently and without reliance upon the Administrative Agent or any other Lender or any
of their Related Parties and based on such documents and information as it has deemed appropriate, made (i) its own

 

    - 176 -

     

    

independent investigation of the financial
condition and affairs of Parent and its Subsidiaries in connection with the making and the continuance of the Loans and the taking
or not taking of any action in connection herewith and (ii) its own credit analysis and decision to enter into this Agreement.
Each Lender and each L/C Issuer also acknowledges that it will, independently and without reliance upon the Administrative Agent
or any other Lender or any of their Related Parties and based on such documents and information as it shall from time to time deem
appropriate, continue to make its own 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.

 

10.08No Other
Duties; Etc.

 

Anything herein to
the contrary notwithstanding, none of the bookrunners, arrangers, syndication agents, documentation agents or co-agents in respect
of the Facilities (including the Arrangers, the Co-Managers and the Documentation Agent) shall have any powers, duties or responsibilities
under this Agreement or any of the other Loan Documents, except in its capacity, as applicable, as the Administrative Agent, a
Lender or an L/C Issuer hereunder; it being understood and agreed that such bookrunners, arrangers, syndication agents, documentation
agents or co-agents shall be entitled to all indemnification and reimbursement rights in favor of the Administrative Agent as,
and to the extent, provided for under Section 11.04. Without limitation of the foregoing, any such bookrunners, arrangers,
syndication agents, documentation agents or co-agents shall not, solely by reason of this Agreement or any other Loan Documents,
have any fiduciary relationship in respect of any Lender or any other person.

 

10.09Administrative
Agent May File Proofs of Claim.

 

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

 

(a)to file and
prove a claim for the whole amount of the principal and interest owing and unpaid in respect of the Loans, L/C Obligations and
all other Obligations arising under the Loan Documents that are owing and unpaid and to file such other documents as may be necessary
or advisable in order to have the claims of the Lenders, the L/C Issuers and the Administrative Agent (including any claim for
the reasonable compensation, expenses, disbursements and advances of the Lenders, the L/C Issuers and the Administrative Agent
and their respective agents and counsel and all other amounts due the Lenders, the L/C Issuers and the Administrative Agent under
Sections 2.03(h) and (i), 2.09 and 11.04) allowed in such judicial proceeding; and

 

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

 

    - 177 -

     

    

and any custodian, receiver, assignee,
trustee, liquidator, sequestrator or other similar official in any such judicial proceeding is hereby authorized by each Lender
and each L/C Issuer to make such payments to the Administrative Agent and, if the Administrative Agent shall consent to the making
of such payments directly to the Lenders and the L/C Issuers, to pay to the Administrative Agent any amount due for the reasonable
compensation, expenses, disbursements and advances of the Administrative Agent and its agents and counsel, and any other amounts
due the Administrative Agent under Sections 2.09 and 11.04.

 

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

 

10.10Collateral
and Guaranty Matters.

 

The Lenders and the
L/C Issuers irrevocably authorize the Administrative Agent, at its option and in its discretion,

 

(a)to release any
Lien on any property granted to or held by the Administrative Agent under any Loan Document (i) upon termination of the Aggregate
Revolving Commitments and payment in full of all Obligations (other than (A) contingent indemnification obligations, tax gross
up, expense reimbursement or yield protection obligations, in each case, for which no claim has been made and (B) obligations and
liabilities under Secured Treasury Management Agreements and Secured Swap Contracts as to which arrangements satisfactory to the
applicable provider thereof shall have been made) and the expiration or termination of all Letters of Credit (other than Letters
of Credit as to which other arrangements satisfactory to the Administrative Agent and the Applicable L/C Issuer shall have been
made), (ii) that is transferred or to be transferred (with the effectiveness of such release to be contingent upon consummation
of such transaction) as part of or in connection with any Disposition permitted hereunder or under any other Loan Document or any
Involuntary Disposition, or (iii) as approved in accordance with Section 11.01;

 

(b)to subordinate
any Lien on any property granted to or held by the Administrative Agent under any Loan Document to the holder of any Lien on such
property that is permitted by Section 8.01(i); and

 

(c)to release any
Guarantor (other than the Parent) from its obligations under the Guaranty if such Person ceases to be a Subsidiary as a result
of a transaction permitted hereunder.

 

Upon request by the
Administrative Agent at any time, the Required Lenders will confirm in writing the Administrative Agent’s authority to release
or subordinate its interest in particular types or items of property, or to release any Guarantor from its obligations under the
Guaranty, pursuant to this Section 10.10.

 

    - 178 -

     

    

10.11Secured
Swap Contracts and Secured Treasury Management Agreements.

 

No Lender or any Affiliate
of a Lender that is party to any Secured Swap Contract or any Secured Treasury Management Agreement permitted hereunder that obtains
the benefits of Section 9.03 or any Collateral by virtue of the provisions hereof or of any Collateral Document shall have
any right to notice of any action or to consent to, direct or object to any action hereunder or under any other Loan Document or
otherwise in respect of the Collateral (including the release or impairment of any Collateral) other than in its capacity as a
Lender and, in such case, only to the extent expressly provided in the Loan Documents. Notwithstanding any other provision of this
Article X to the contrary, the Administrative Agent shall not be required to verify the payment of, or that other satisfactory
arrangements have been made with respect to, Obligations arising under Secured Swap Contracts and Secured Treasury Management Agreements
unless the Administrative Agent has received written notice of such Obligations, together with such supporting documentation as
the Administrative Agent may request, from the applicable Lender or Affiliate of a Lender that is party to such Secured Swap Contract
or such Secured Treasury Management Agreement, as the case may be.

 

10.12Delivery
of Information.

 

The Administrative
Agent shall not be required to deliver to any Lender originals or copies of any documents, instruments, notices, communications
or other information received by the Administrative Agent from any Loan Party, any Subsidiary, the Required Lenders, any Lender
or any other person under or in connection with this Agreement or any other Loan Document except (i) as specifically provided in
this Agreement or any other Loan Document and (ii) as specifically requested from time to time in writing by any Lender with respect
to a specific document, instrument, notice or other written communication received by and in the possession of the Administrative
Agent at the time of receipt of such request and then only in accordance with such specific request.

 

Article
XI

MISCELLANEOUS

 

11.01Amendments,
Etc.

 

No amendment or waiver
of any provision of this Agreement or any other Loan Document, and no consent to any departure by the Company or any other Loan
Party therefrom, shall be effective unless in writing signed by the Required Lenders (or the Administrative Agent with the consent
of the Required Lenders) and the Borrowers and/or the applicable Loan Parties, as the case may be, and acknowledged by the Administrative
Agent, and each such waiver or consent shall be effective only in the specific instance and for the specific purpose for which
given; provided, further, that

 

(a)no such amendment,
waiver or consent shall:

 

    - 179 -

     

    

(i)extend
or increase the Commitment of a Lender (or reinstate any Commitment terminated pursuant to Section 9.02) without the
written consent of such Lender whose Commitment is being extended, increased or reinstated (it being understood and agreed that
a waiver of any condition precedent set forth in Section 5.02 or of any Default or Event of Default, mandatory prepayment
or a mandatory reduction in Commitments is not considered an extension, increase or reinstatement of the Commitments of any Lender);

 

(ii)postpone
any date fixed by this Agreement or any other Loan Document for any payment (excluding mandatory prepayments) of principal, interest,
fees or other amounts due to the Lenders (or any of them) or any scheduled reduction of the Commitments hereunder or under any
other Loan Document without the written consent of each Lender entitled to receive such payment or whose Commitments are to be
reduced, it being understood that the waiver of any mandatory prepayment of Loans under any Facility shall not constitute a postponement
of any date scheduled for the payment of principal or interest;

 

(iii)reduce
the principal of, or the rate of interest specified herein on, any Loan or L/C Borrowing, or (subject to clause (i) of the final
proviso to this Section 11.01) any fees or other amounts payable hereunder or under any other Loan Document without
the written consent of each Lender and/or the Applicable L/C Issuer (as applicable) entitled to receive such amount; provided,
however, that (A) only the consent of the Required Lenders shall be necessary to amend the definition of “Default
Rate” or waive any obligation of the Borrowers to pay interest or Letter of Credit Fees at the Default Rate or (B) only the
consent of the Required Pro Rata Lenders shall be necessary to amend any financial covenant hereunder (or any defined term used
therein) even if the effect of such amendment would be to reduce the rate of interest on any Loan or L/C Borrowing or to reduce
any fee payable hereunder;

 

(iv)change
(A) Section 2.13 or 9.03 in a manner that would alter the pro rata sharing of payments required thereby
without the written consent of each Lender directly affected thereby, (B) the order of application of any reduction in the Commitments
or any prepayment of Loans among the Facilities from the application thereof set forth in the applicable provisions of Section 2.05(b)
or 2.06(b), respectively, in any manner that adversely affects the Lenders under a Facility without the written consent
of (i) if such Facility is a Term Facility, the Required Term Lenders under such Facility and (ii) if such Facility is
the Revolving Facility, the Required Revolving Lenders or (C) any provision of this Agreement that by its terms affects the rights
or duties of the Revolving Lenders (but not the Term Lenders) without the written consent of the Required Revolving Lenders;

 

(v)subject
to Section 2.01(f), Section 2.17(d), Section 2.18(d) and the penultimate paragraph of this Section 11.01,
change (A) any provision of this Section 11.01(a) (except for technical amendments with respect to additional extensions
of credit pursuant to this Agreement which afford protections to such additional

 

    - 180 -

     

    

extensions of credit of the type
provided to the Term Loans and the Revolving Commitments on the Closing Date) or the definition of “Required Lenders”,
without the written consent of each Lender, (B) the definition of “Required Revolving Lenders”, “Required Pro
Rata Lenders” or “Required Term Lenders”, without the written consent of each Lender under the applicable Facility
or Facilities or (C) any provision of the Re-Allocation Agreement, except in accordance with the requirements of Section 3.2
of the Re-Allocation Agreement (it being understood that, with the consent of the Required Lenders, additional extensions of credit
pursuant to this Agreement may be included in the determination of the “Required Lenders”, the “Required Pro
Rata Lenders”, the “Required Revolving Lenders” and the “Required Term Lenders” on substantially
the same basis as the extensions of Term Loans and/or Revolving Commitments, as applicable, are included on the Closing Date);

 

(vi)except
in connection with a Disposition permitted under Section 8.05, release all or substantially all of the Collateral without
the written consent of each Lender whose Obligations are secured by such Collateral;

 

(vii)amend
Section 1.06 or the definition of “Alternative Currency” without the written consent of each Lender that is
obligated to make Credit Extensions to any Borrower in Alternative Currencies; or

 

(viii)release
any Borrower from its obligations under any Loan Document without the consent of each Lender, or, except in connection with a transaction
permitted under Section 8.04 or Section 8.05, any material Guarantor without the written consent of each
Lender whose Obligations are guaranteed thereby.

 

(b)unless also
signed by such L/C Issuer, no amendment, waiver or consent shall affect the rights or duties of an L/C Issuer under this Agreement
(including, without limitation, any increase to the Applicable Letter of Credit Sublimit applicable to such L/C Issuer) or any
Issuer Document relating to any Letter of Credit issued or to be issued by it;

 

(c)[Reserved];
and

 

(d)unless also
signed by the Administrative Agent, no amendment, waiver or consent shall affect the rights or duties of the Administrative Agent
under this Agreement or any other Loan Document;

 

provided, however, that notwithstanding
anything to the contrary herein, (i) the Fee Letter may be amended, or rights or privileges thereunder waived, in a writing executed
only by the parties thereto, (ii) each Lender is entitled to vote as such Lender sees fit on any bankruptcy reorganization plan
that affects the Loans, and each Lender acknowledges that the provisions of Section 1126(c) of the Bankruptcy Code of the
United States supersedes the unanimous consent provisions set forth herein, (iii) the Required Lenders shall determine whether
or not to allow a Loan Party to use cash collateral in the context of a bankruptcy or insolvency proceeding and such determination
shall be binding on all of the Lenders, (iv) a Commitment Increase Amendment shall be effective if executed by the Loan Parties,
each Lender providing an Incremental Term Loan Commitment or

 

    - 181 -

     

    

an increase in Revolving Commitments and
the Administrative Agent, (v) no Lender consent is required to effect a Refinancing Amendment or Extension Amendment (except as
expressly provided in Sections 2.17 or 2.18, as applicable) and (vi) only the written consent of the Borrowers, Required
Pro Rata Lenders and the Administrative Agent shall be required to amend, waive or otherwise modify any term or provision of Section
8.11 or Section 9.01(b) (solely as it relates to Section 8.11).

 

Notwithstanding anything
to the contrary herein, no Defaulting Lender shall have any right to approve or disapprove any amendment, waiver or consent hereunder
(and any amendment, waiver or consent which by its terms requires the consent of all Lenders or each affected Lender may be effected
with the consent of the applicable Lenders other than Defaulting Lenders), except that (x) the Commitment of any Defaulting Lender
may not be increased or extended without the consent of such Defaulting Lender and (y) any waiver, amendment or modification requiring
the consent of all Lenders or each affected Lender that by its terms affects any Defaulting Lender more adversely than other affected
Lenders shall require the consent of such Defaulting Lender.

 

In addition, notwithstanding
anything else to the contrary contained in this Section 11.01, (a) if the Administrative Agent and the Borrowers shall have
jointly identified any error or omission of a technical nature in any provision of the Loan Documents, then the Administrative
Agent and the Borrowers shall be permitted to amend such provision and (b) the Administrative Agent and the Borrowers shall be
permitted to amend any provision of any Collateral Document to better implement the intentions of this Agreement and the other
Loan Documents, and in each case, such amendments shall become effective without any further action or consent of any other party
to any Loan Document if the same is not objected to in writing by the Required Lenders within ten (10) Business Days following
receipt of notice thereof. The Lenders hereby expressly authorize the Administrative Agent to enter into any amendment to the Loan
Documents contemplated by the preceding sentence.

 

In addition, notwithstanding
the foregoing, this Agreement may be amended with the written consent of the Administrative Agent, the Company, the Designated
Borrowers and the Lenders providing the relevant Replacement Term Loans to permit the refinancing of all outstanding Term Loans
under a given Term Facility (the “Refinanced Term Loans”) with a replacement term loan tranche denominated in
Dollars (the “Replacement Term Loans”) hereunder; provided that (a) the aggregate principal amount of
such Replacement Term Loans shall equal the aggregate principal amount of such Refinanced Term Loans, (b) the Effective Yield with
respect to such Replacement Term Loans shall not be higher than the Effective Yield with respect to such Refinanced Term Loans,
(c) the Weighted Average Life to Maturity of such Replacement Term Loans shall not be shorter than the Weighted Average Life to
Maturity of such Refinanced Term Loans at the time of such refinancing (except to the extent of nominal amortization for periods
where amortization has been eliminated as a result of prior prepayments of the Refinanced Term Loans), (d) such Replacement Term
Loans shall satisfy the requirements of Credit Agreement Refinancing Indebtedness, (e) all other terms applicable to such Replacement
Term Loans shall be substantially identical to, or less favorable to the Lenders providing such Replacement Term Loans than, those
applicable to such Refinanced Term Loans,

 

    - 182 -

     

    

except to the extent necessary to provide
for covenants and other terms applicable to any period after the Latest Maturity Date in effect immediately prior to such refinancing
and (f) no Default or Event of Default shall have occurred and be continuing or would result from such Replacement Term Loans.

 

In addition, notwithstanding
the foregoing, this Agreement may be amended with the written consent of each Revolving Lender, the Administrative Agent and the
Borrowers to the extent necessary to integrate any Alternative Currency (other than any Alternative Currency permitted as of the
Closing Date) in accordance with Section 1.06.

 

11.02Notices;
Effectiveness; Electronic Communications.

 

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

 

(i)if
to the Company, a Borrower or any other Loan Party, the Administrative Agent or any L/C Issuer, to the address, telecopier number,
electronic mail address or telephone number specified for such Person on Schedule 11.02; and

 

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

 

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

 

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

 

    - 183 -

     

    

to procedures approved by it, provided
that approval of such procedures may be limited to particular notices or communications.

 

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

 

(c)The Platform.
THE PLATFORM IS PROVIDED “AS IS” AND “AS AVAILABLE”. THE AGENT PARTIES (AS DEFINED BELOW) DO NOT WARRANT
THE ACCURACY OR COMPLETENESS OF THE COMPANY MATERIALS OR THE ADEQUACY OF THE PLATFORM, AND EXPRESSLY DISCLAIM LIABILITY FOR ERRORS
IN OR OMISSIONS FROM THE COMPANY MATERIALS. NO WARRANTY OF ANY KIND, EXPRESS, IMPLIED OR STATUTORY, INCLUDING ANY WARRANTY OF MERCHANTABILITY,
FITNESS FOR A PARTICULAR PURPOSE, NON-INFRINGEMENT OF THIRD PARTY RIGHTS OR FREEDOM FROM VIRUSES OR OTHER CODE DEFECTS, IS MADE
BY ANY AGENT PARTY IN CONNECTION WITH THE COMPANY MATERIALS OR THE PLATFORM. In no event shall the Administrative Agent or any
of its Related Parties (collectively, the “Agent Parties”) have any liability to the Loan Parties, any Lender,
the L/C Issuers or any other Person for losses, claims, damages, liabilities or expenses of any kind (whether in tort, contract
or otherwise) arising out of any Loan Party or the Administrative Agent’s transmission of Company Materials through the Internet,
except to the extent that such losses, claims, damages, liabilities or expenses are determined by a court of competent jurisdiction
by a final and nonappealable judgment to have resulted from the gross negligence or willful misconduct of such Agent Party or such
Agent Party’s breach in bad faith of its obligations hereunder; provided, however, that in no event shall any
Agent Party have any liability to the Company, any Lender, any L/C Issuer or any other Person for indirect, special, incidental,
consequential or punitive damages (as opposed to direct or actual damages).

 

(d)Change of
Address, Etc. Each Loan Party, the Administrative Agent and each L/C Issuer may change its address, telecopier or telephone
number for notices and other communications hereunder by notice to the other parties hereto. Each other Lender may change its address,
telecopier or telephone number for notices and other communications hereunder by notice to the Company, the Administrative Agent
and each L/C Issuer. In addition, each Lender agrees to notify the Administrative Agent from time to time to ensure that the Administrative
Agent has on record (i) an effective address, contact name, telephone number, telecopier number and electronic mail address to
which notices and other communications may be sent and (ii) accurate wire instructions for such Lender. Furthermore, each Public
Lender agrees to cause at least one individual at or on behalf of such Public Lender to at all times have selected the

 

    - 184 -

     

    

“Private Side Information”
or similar designation on the content declaration screen of the Platform in order to enable such Public Lender or its delegate,
in accordance with such Public Lender’s compliance procedures and applicable Law, including United States Federal and state
securities Laws, to make reference to Company Materials that are not made available through the “Public Side Information”
portion of the Platform and that may contain material non-public information with respect to the Company or its Affiliates or the
respective securities of any of the foregoing for purposes of United States Federal or state securities Laws.

 

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

 

11.03No
Waiver; Cumulative Remedies; Enforcement.

 

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

 

Notwithstanding anything
to the contrary contained herein or in any other Loan Document, the authority to enforce rights and remedies hereunder and under
the other Loan Documents against the Loan Parties or any of them shall be vested exclusively in, and all actions and proceedings
at law in connection with such enforcement shall be instituted and maintained exclusively by, the Administrative Agent in accordance
with Section 9.02 for the benefit of all the Lenders and the L/C Issuers; provided, however, that the
foregoing shall not prohibit (a) the Administrative Agent from exercising on its own behalf the rights and remedies that inure
to its benefit (solely in its capacity as Administrative Agent) hereunder and under the other Loan Documents, (b) each L/C Issuer
from exercising the rights and remedies that inure to its benefit (solely in its capacity as an L/C Issuer) hereunder and under
the other Loan Documents, (c) any Lender from exercising setoff rights in accordance with Section 11.08 (subject to
the terms of Section 2.13), or (d) any Lender from filing proofs of claim or appearing and filing pleadings on its
own behalf during the pendency of a proceeding relative to any Loan Party under any Debtor Relief Law; and provided, further,
that if at any time there is no Person acting as Administrative

 

    - 185 -

     

    

Agent hereunder and under the other Loan
Documents, then (i) the Required Lenders shall have the rights otherwise ascribed to the Administrative Agent pursuant to Section 9.02
and (ii) in addition to the matters set forth in clauses (b), (c) and (d) of the preceding proviso and subject
to Section 2.13, any Lender may, with the consent of the Required Lenders, enforce any rights and remedies available
to it and as authorized by the Required Lenders.

 

11.04Expenses;
Indemnity; and Damage Waiver.

 

(a)Costs and
Expenses. The Loan Parties shall pay (i) all reasonable and documented out-of-pocket expenses incurred by the Arrangers,
the Co-Managers and the Administrative Agent and their Affiliates (including the reasonable and documented fees, charges and disbursements
of a single counsel (and any appropriate local counsel) for the Arrangers, the Co-Managers and the Administrative Agent), in connection
with the syndication of the credit facilities provided for herein and the preparation, negotiation, execution and delivery of this
Agreement and the other Loan Documents (it being understood that such amounts shall be paid on the Closing Date (so long as invoices
in reasonable detail shall have been provided to the Company at least three (3) Business Days prior to the Closing Date) (whether
or not the transactions contemplated hereby or thereby shall be consummated), (ii) all reasonable and documented out-of-pocket
expenses incurred by the Administrative Agent and its Affiliates (including the reasonable fees, charges and disbursements of a
single counsel (and any appropriate local counsel) for the Administrative Agent), in connection with the administration of this
Agreement and the other Loan Documents or any amendments, modifications or waivers of the provisions hereof or thereof (whether
or not the transactions contemplated hereby or thereby shall be consummated), (iii) all reasonable and documented out-of-pocket
expenses incurred by any L/C Issuer in connection with the issuance, amendment, renewal or extension of any Letter of Credit issued
by such L/C Issuer or any demand for payment thereunder and (iv) all out-of-pocket expenses incurred by the Administrative
Agent, any Lender or any L/C Issuer (including the fees, charges and disbursements of any counsel for the Administrative Agent,
any Lender or any L/C Issuer), in connection with the enforcement or protection of its rights (A) in connection with this
Agreement and the other Loan Documents, including its rights under this Section, or (B) in connection with the Loans made
or Letters of Credit issued hereunder, including all such out-of-pocket expenses incurred during any workout, restructuring or
negotiations in respect of such Loans or Letters of Credit.

 

(b)Indemnification
by the Loan Parties. The Loan Parties shall indemnify the Administrative Agent (and any sub-agent thereof), each Lender and
each L/C Issuer, and each Related Party of any of the foregoing Persons (each such Person being called an “Indemnitee”)
against, and hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities and related expenses (including
the reasonable fees, charges and disbursements of any counsel for any Indemnitee) incurred by any Indemnitee or asserted against
any Indemnitee by any third party or by the Company or any other Loan Party arising out of, in connection with, or as a result
of (i) the execution or delivery of this Agreement, any other Loan Document or any agreement or instrument contemplated hereby
or thereby, the performance by the parties hereto of their respective obligations hereunder or thereunder or the consummation of
the transactions contemplated hereby or thereby, or, in the case of the Administrative Agent (and any sub-agent

 

    - 186 -

     

    

thereof) and its Related Parties only,
the administration of this Agreement and the other Loan Documents (including in respect of any matters addressed in Section 3.01),
(ii) any Loan or Letter of Credit or the use or proposed use of the proceeds therefrom (including any refusal by any L/C Issuer
to honor a demand for payment under a Letter of Credit if the documents presented in connection with such demand do not strictly
comply with the terms of such Letter of Credit), (iii) any actual or alleged presence or release of Hazardous Materials on
or from any property owned or operated by a Loan Party or any of its Restricted Subsidiaries, or any Environmental Liability related
in any way to a Loan Party or any of its Restricted Subsidiaries, or (iv) any actual or prospective claim, litigation, investigation
or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by a third
party or by the Company or any other Loan Party, and regardless of whether any Indemnitee is a party thereto; provided that
such indemnity shall not, as to any Indemnitee, be available to the extent that such losses, claims, damages, liabilities or related
expenses (x) are determined by a court of competent jurisdiction by final and nonappealable judgment to have resulted from the
gross negligence or willful misconduct of such Indemnitee or from such Indemnitee’s breach in bad faith of its obligations
hereunder or under any other Loan Document, or (y) arise out of any investigation, litigation or proceeding that does not involve
an act or omission by the Company or any other Loan Party and arises solely from a dispute among Indemnitees (except when and to
the extent that one of the parties to such dispute was acting in its capacity as an agent, arranger, bookrunner, co-manager or
other agency capacity and, in such case, excepting only such party). This Section 11.04(b) shall not apply with respect
to Taxes, other than any Taxes that represent losses, claims, damages, liabilities or related expenses arising from any non-Tax
claim.

 

(c)Reimbursement
by Lenders. (i) To the extent that the Loan Parties for any reason fail to indefeasibly pay any amount required under subsection (a)
or (b) of this Section to be paid by them to the Administrative Agent (or any sub-agent thereof), any L/C Issuer
or any Related Party of any of the foregoing, each Lender severally agrees to pay to the Administrative Agent (or any such sub-agent),
such L/C Issuer or such Related Party, 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, and calculated, solely for this purpose, on an aggregate
basis across all Facilities then in effect) 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
(or any such sub-agent) or such L/C Issuer in its capacity as such, or against any Related Party of any of the foregoing acting
for the Administrative Agent (or any such sub-agent) or such L/C Issuer in connection with such capacity. The obligations of the
Lenders under this subsection (c) are subject to the provisions of Section 2.12(d).

 

(ii)The
Administrative Agent shall be fully justified in failing or refusing to take any action hereunder and under any other Loan Document
(except actions expressly required to be taken by it hereunder or under the Loan Documents) unless it shall first be indemnified
to its satisfaction by the Lenders pro rata against any and all liability, cost and expense that it may incur by reason
of taking or continuing to take any such action.

 

    - 187 -

     

    

(d)Waiver of
Consequential Damages, Etc. To the fullest extent permitted by applicable law, no Loan Party shall assert, and each Loan Party
hereby waives, any claim against any Indemnitee, on any theory of liability, for special, indirect, consequential or punitive damages
(as opposed to direct or actual damages) arising out of, in connection with, or as a result of, this Agreement, any other Loan
Document or any agreement or instrument contemplated hereby, the transactions contemplated hereby or thereby, any Loan or Letter
of Credit or the use of the proceeds thereof. No Indemnitee referred to in subsection (b) above shall be liable for any
damages arising from the use by unintended recipients of any information or other materials distributed to such unintended recipients
by such Indemnitee through telecommunications, electronic or other information transmission systems in connection with this Agreement
or the other Loan Documents or the transactions contemplated hereby or thereby other than for direct or actual damages resulting
from the gross negligence or willful misconduct of such Indemnitee or breach in bad faith of such Indemnitee’s obligations
hereunder or under any other Loan Document, in each case, as determined by a final and nonappealable judgment of a court of competent
jurisdiction.

 

(e)Payments.
Except as expressly provided otherwise herein, all amounts due under this Section shall be payable not later than ten Business
Days after demand therefor.

 

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

 

11.05Payments
Set Aside.

 

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

 

    - 188 -

     

    

11.06Successors
and Assigns.

 

(a)Successors
and Assigns Generally. The provisions of this Agreement and the other Loan Documents shall be binding upon and inure to the
benefit of the parties hereto and thereto and their respective successors and assigns permitted hereby, except that the Borrowers
may not assign or otherwise transfer any of their rights or obligations hereunder or thereunder without the prior written consent
of the Administrative Agent and each Lender and no Lender may assign or otherwise transfer any of its rights or obligations hereunder
except (i) to an Eligible Assignee in accordance with the provisions of subsection (b) of this Section, (ii) by way of participation
in accordance with the provisions of subsection (d) of this Section or (iii) by way of pledge or assignment of a security
interest subject to the restrictions of subsection (f) of this Section (and any other attempted assignment or transfer
by any party hereto shall be null and void). Nothing in this Agreement, expressed or implied, shall be construed to confer upon
any Person (other than the parties hereto, their respective successors and assigns permitted hereby, Participants to the extent
provided in subsection (d) of this Section and, to the extent expressly contemplated hereby, the Related Parties of
each of the Administrative Agent, the L/C Issuers and the Lenders) any legal or equitable right, remedy or claim under or by reason
of this Agreement.

 

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

 

(i)Minimum
Amounts. Except in the case of an assignment to a Lender, an Affiliate of a Lender, or an Approved Fund:

 

(A)in the
case of an assignment of the entire remaining amount of the assigning Lender’s Commitment under any Facility and the related
Loans at the time owing to it under any Facility, no minimum amount need be assigned; and

 

(B)in any
case not described in subsection (b)(i)(A) of this Section, the aggregate amount of the Commitment (which for this purpose
includes Loans outstanding thereunder) or, if the Commitment is not then in effect, the principal outstanding balance of the Loans
of the assigning Lender subject to each such assignment, determined as of the date the Assignment and Assumption with respect to
such assignment is delivered to the Administrative Agent or, if “Trade Date” is specified in the Assignment and Assumption,
as of the Trade Date, shall not be less than (i) $5,000,000 in the case of an assignment under the Revolving Facility and (ii)
$1,000,000 in the case of an assignment under any Term Facility unless each of the Administrative Agent and, so long as no Event
of Default has occurred and is continuing, the Company otherwise consents (each such consent not to be unreasonably withheld or
delayed); provided, however, that concurrent assignments to members of an Assignee Group and concurrent assignments
from

 

    - 189 -

     

    

members of an Assignee Group to
a single Eligible Assignee (or to an Eligible Assignee and members of its Assignee Group) will be treated as a single assignment
for purposes of determining whether such minimum amount has been met.

 

(ii)Proportionate
Amounts. Each partial assignment shall be made as an assignment of a proportionate part of all the assigning Lender’s
Loans and Commitments of the applicable Class, and rights and obligations under this Agreement with respect thereto, assigned,
except that this clause (ii) shall not prohibit any Lender from assigning all or a portion of its rights and obligations
among separate Facilities on a non-pro rata basis.

 

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

 

(A)the
consent of the Company (such consent not to be unreasonably withheld, delayed or conditioned) shall be required unless (1) an Event
of Default has occurred and is continuing at the time of such assignment or (2) such assignment is to a Lender, an Affiliate of
a Lender or an Approved Fund (or, in the case of any assignment of Revolving Commitments or Revolving Loans, a Revolving Lender,
an Affiliate of a Revolving Lender or an Approved Fund in respect of a Revolving Lender); provided that 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 (10) Business Days after having received written notice thereof in accordance with Section 11.02;

 

(B)the
consent of the Administrative Agent (such consent not to be unreasonably withheld or delayed) shall be required for assignments
in respect of (1) any Term Commitment or Revolving Commitment if such assignment is to a Person that is not a Lender with a Commitment
in respect of the applicable Facility, an Affiliate of such Lender or an Approved Fund with respect to such Lender or (2) any Term
Loan to a Person that is not a Lender, an Affiliate of a Lender or an Approved Fund; and

 

(C)the
consent of each L/C Issuer (such consent not to be unreasonably withheld or delayed) shall be required for any assignment that
increases the obligation of the assignee to participate in exposure under one or more Letters of Credit (whether or not then outstanding).

 

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

 

    - 190 -

     

    

(v)No
Assignment to Certain Persons. No such assignment shall be made to (A) the Company or any of the Company’s Affiliates
(including the Parent and the Designated Borrowers) or Subsidiaries (other than pursuant to and in accordance with Section 11.06(i)
below), (B) any Defaulting Lender or any of its Subsidiaries, or any Person who, upon becoming a Lender hereunder, would constitute
any of the foregoing Persons described in this clause (B), or (C) a natural person.

 

(vi)No
Assignment Resulting in Additional Indemnified Taxes. No such assignment under the Revolving Facility shall be made to any
Person that, through its Lending Offices, is not capable of lending the applicable Alternative Currencies to either of the Borrowers
without the imposition of any additional Indemnified Taxes.

 

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

 

Subject to acceptance
and recording thereof by the Administrative Agent pursuant to subsection (c) of this Section, from and after the effective
date specified in each Assignment and Assumption, the assignee thereunder shall be a party to this Agreement and shall have acknowledged
in writing that it is bound by the terms of the Re-Allocation Agreement and, to the extent of the interest assigned by such Assignment
and Assumption, have the rights and obligations of a Lender under this Agreement and the Re-Allocation 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 the Re-Allocation 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 and to the Re-Allocation
Agreement but shall continue to be entitled to the benefits of Sections 3.01, 3.04, 3.05 and 11.04
with respect to facts and circumstances occurring prior to the effective date of such assignment). Upon request, the applicable
Borrower (at its expense) shall

 

    - 191 -

     

    

execute and deliver a Note to the assignee
Lender. Any assignment or transfer by a Lender of rights or obligations under this Agreement that does not comply with this subsection
shall be treated for purposes of this Agreement as a sale by such Lender of a participation in such rights and obligations in accordance
with subsection (d) of this Section.

 

(c)Register.
The Administrative Agent, acting solely for this purpose as an agent of the Borrowers, shall maintain at the Administrative Agent’s
Office a copy of each Assignment and Assumption delivered to it and a register for the recordation of the names and addresses of
the Lenders, and the Commitments of, and principal amounts of the Loans and L/C Obligations (and stated interest thereon) owing
to, each Lender pursuant to the terms hereof from time to time (the “Register”). The entries in the Register
shall be conclusive absent manifest error, and the Company, the Administrative Agent 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. In addition, the Administrative Agent shall maintain on the Register information regarding the designation,
and revocation of designation, of any Lender as a Defaulting Lender. The Register shall be available for inspection by the Company
and any Lender at any reasonable time and from time to time upon reasonable prior notice.

 

(d)Participations.
Any Lender may at any time, without the consent of, or notice to, the Company or the Administrative Agent, sell participations
to any Person (other than a natural person or the Company or any of the Company’s Affiliates or Subsidiaries) (each, a “Participant”)
in all or a portion of such Lender’s rights and/or obligations under this Agreement (including all or a portion of its Commitment
and/or the Loans (including such Lender’s participations in L/C Obligations) owing to it); provided that (i) such
Lender’s obligations under this Agreement shall remain unchanged, (ii) such Lender shall remain solely responsible to
the other parties hereto for the performance of such obligations and (iii) the Company, the Administrative Agent, the other
Lenders and the L/C Issuers shall continue to deal solely and directly with such Lender in connection with such Lender’s
rights and obligations under this Agreement. Any agreement or instrument pursuant to which a Lender sells such a participation
shall provide that such Lender shall retain the sole right to enforce this Agreement and to approve any amendment, modification
or waiver of any provision of this Agreement; provided that such agreement or instrument may provide that such Lender will
not, without the consent of the Participant, agree to any amendment, waiver or other modification described in clauses (i)
through (vii) of Section 11.01(a) that affects such Participant. Subject to subsection (e) of this Section,
the Borrowers agree that, to the fullest extent permitted under applicable law, each Participant shall be entitled to the benefits
of Sections 3.01, 3.04 and 3.05 (subject to the requirements and limitations therein, including the
requirements under Section 3.01(e) (it being understood that the documentation required under Section 3.01(e) shall
be delivered to the participating Lender)) to the same extent as if it were a Lender and had acquired its interest by assignment
pursuant to subsection (b) of this Section. To the extent permitted by Law, each Participant also shall be entitled to the
benefits of Section 11.08 as though it were a Lender, provided such Participant agrees to be subject
to Section 2.13 as though it were a Lender. Each Lender that sells a participation shall, acting solely for this purpose
as a non-fiduciary agent of the Company, maintain a register on which it enters the name and address of each Participant and

 

    - 192 -

     

    

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

 

(e)Limitation
on Participant Rights. A Participant shall not be entitled to receive any greater payment under Section 3.01 or
3.04 than the applicable Lender would have been entitled to receive with respect to the participation sold to such
Participant, except to the extent the sale of the participation is pursuant to the Re-Allocation Agreement. A Participant shall
not be entitled to the benefits of Section 3.01 unless (i) such Participant agrees, for the benefit of the Borrowers,
to comply with Section 3.01(e) as though it were a Lender or (ii) the sale of the participation is pursuant to the
Re-Allocation Agreement and, in each case, such Participant delivers the forms required by Section 3.01(e) to such Participant’s
participating Lender.

 

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

 

(g)Resignation
as L/C Issuer after Assignment. Notwithstanding anything to the contrary contained herein, if at any time an L/C Issuer assigns
all of its Revolving Commitment and Revolving Loans pursuant to subsection (b) above, such L/C Issuer may, so long as at
least one other L/C Issuer shall then exist, upon thirty days’ notice to the Company and the Lenders, resign as an L/C Issuer.
In the event of any such resignation as an L/C Issuer, the Company shall be entitled to appoint from among the Lenders a successor
L/C Issuer hereunder; provided, however, that any such resignation as L/C Issuer shall not be effective if there
are no L/C Issuers (including any successor L/C Issuer appointed in accordance with this sentence) under this Agreement. If an
L/C Issuer resigns as an L/C Issuer, it shall retain all the rights, powers, privileges and duties of an L/C Issuer hereunder with
respect to all Letters of Credit issued by it and outstanding as of the effective date of its resignation as an L/C Issuer and
all L/C Obligations with respect thereto (including the right to require the Lenders to make Base Rate Loans or fund risk participations
in Unreimbursed Amounts pursuant to Section 2.03(c)). Upon the appointment of a successor L/C Issuer, (1) such successor
shall succeed to and become vested with all of the rights, powers, privileges and duties of such retiring L/C Issuer and (2) the

 

    - 193 -

     

    

successor L/C Issuer shall issue letters
of credit in substitution for the Letters of Credit, if any, issued by such retiring L/C Issuer and outstanding at the time of
such succession or make other arrangements satisfactory to such retiring L/C Issuer to effectively assume the obligations of such
retiring L/C Issuer with respect to such Letters of Credit.

 

(h)In case of assignment,
transfer or novation by any Lender to a new Lender of all or any part of its rights and obligations under any of the Loan Documents,
such existing Lender and the new Lender agree that, for the purposes of Article 1278 of the Luxembourg Civil Code (to the extent
applicable), any security interests created under the Collateral Documents securing the rights assigned, transferred or novated
hereby will be preserved for the benefit of such new Lender.

 

(i)Notwithstanding
anything to the contrary contained herein, any Lender may assign all or any portion of its Term Loans of any Class hereunder to
the Parent or any of its Subsidiaries, but only if:

 

(i)such
assignment is made pursuant to (x) a Dutch Auction open to all Term Lenders of the applicable Class on a pro rata basis
or (y) an open-market purchase;

 

(ii)no
Default has occurred or is continuing or would result therefrom;

 

(iii)any
such Term Loans shall be automatically and permanently cancelled immediately upon acquisition thereof by Parent or any of its Subsidiaries;
and

 

(iv)the
Parent and its Subsidiaries do not use the proceeds of the Revolving Facility (whether or not the Revolving Facility has been increased
pursuant to Section 2.01 or otherwise modified pursuant to Section 2.17 or 2.18) to acquire such Term Loans.

 

11.07Treatment
of Certain Information; Confidentiality.

 

Each of the Administrative
Agent, the Lenders and the L/C Issuers agrees to maintain the confidentiality of the Information (as defined below), except that
Information may be disclosed (a) to its Affiliates and to its and its Affiliates’ respective partners, directors, officers,
employees, agents, trustees, advisors, numbering, administration and settlement service providers and other representatives who
have a need to know such Information in connection with the transactions contemplated by the Loan Documents (it being understood
that the Persons to whom such disclosure is made will be informed of the confidential nature of such Information and instructed
to keep such Information confidential), (b) to the extent requested by any regulatory authority purporting to have jurisdiction
over it (including any self-regulatory authority, such as the National Association of Insurance Commissioners), (c) to the extent
required by applicable laws or regulations or by any subpoena or similar legal process, (d) to any other party hereto, (e) in connection
with the exercise of any remedies hereunder or under any other Loan Document or any action or proceeding relating to this Agreement
or any other Loan Document or the enforcement of rights hereunder or thereunder, (f) subject to an agreement containing provisions
substantially the same as those of this Section, to (i) any assignee or pledgee of or Participant in, or any prospective assignee
or pledgee of or Participant in, any of its rights or obligations under

 

    - 194 -

     

    

this Agreement or any Eligible Assignee
invited to become a Lender pursuant to Section 2.01(d), 2.17, 2.18 or (ii) any actual or prospective
counterparty (or its advisors) to any swap or derivative transaction relating to a Loan Party and its obligations, (g) with the
prior written consent of the Company, (h) to the extent such Information (x) becomes publicly available other than as a result
of a breach of this Section or (y) becomes available to the Administrative Agent, any Lender, any L/C Issuer or any of their
respective Affiliates on a nonconfidential basis from a source other than the Parent or any of its Subsidiaries (which source is
not known by the recipient to be in breach of confidentiality obligations with the Parent or any Subsidiary) or (i) for purposes
of establishing a due diligence defense.

 

For purposes of this
Section, “Information” means all information received from a Loan Party or any Subsidiary relating to the Loan
Parties or any Subsidiary or any of their respective businesses, other than any such information that is available to the Administrative
Agent, any Lender or any L/C Issuer on a nonconfidential basis prior to disclosure by such Loan Party or any Subsidiary (other
than any such information received from a source that is known by the recipient to be in breach of confidentiality obligations
with such Loan Party or any Subsidiary). 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.

 

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

 

11.08Set-off;
Several Obligations.

 

(a)If an Event
of Default shall have occurred and be continuing, each Lender, each L/C Issuer and each of their respective Affiliates is hereby
authorized at any time and from time to time, to the fullest extent permitted by applicable law, to set off and apply any and all
deposits (general or special, time or demand, provisional or final, in whatever currency) at any time held and other obligations
(in whatever currency) at any time owing by such Lender, such L/C Issuer or any such Affiliate to or for the credit or the account
of the Company or any other Loan Party against any and all of the obligations of the Company or such Loan Party now or hereafter
existing under this Agreement or any other Loan Document then due to such Lender or such L/C Issuer, irrespective of whether or
not such Lender or such L/C Issuer shall have made any demand under this Agreement or any other Loan Document and although such
obligations of the Company or such Loan Party are owed to a branch or office of such Lender or such L/C Issuer different from the
branch or office holding such deposit or obligated on such indebtedness; provided that in the event that any Defaulting
Lender shall exercise any such right of setoff, (x) all amounts so set off shall be paid over immediately to the Administrative
Agent for further application in accordance with the provisions of Section 2.15 and, pending such payment, shall be
segregated by such Defaulting Lender from its other funds and deemed held in trust for the

 

    - 195 -

     

    

benefit of the Administrative Agent and
the Lenders, and (y) the Defaulting Lender shall provide promptly to the Administrative Agent a statement describing in reasonable
detail the Obligations owing to such Defaulting Lender as to which it exercised such right of setoff. The rights of each Lender,
each L/C Issuer and their respective Affiliates under this Section are in addition to other rights and remedies (including
other rights of setoff) that such Lender, such L/C Issuer or their respective Affiliates may have. Each Lender and each L/C Issuer
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.

 

(b)Notwithstanding
anything to the contrary contained in this Agreement or in the other Loan Documents, the parties agree that (a) no Foreign Subsidiary
or Foreign Holdco shall be liable for any obligations of the Company or any other Domestic Loan Party; (b) each Designated Borrower
shall be severally liable only for the Foreign Obligations, and shall not be a co-obligor or guarantor with respect to any of the
obligations of the Domestic Loan Parties; and (c) neither the Administrative Agent, nor any Lender, nor any Affiliate thereof may
set-off or apply any deposits of, or any other obligations at the time owing to or for the credit of the account of, any Foreign
Subsidiary, including the Designated Borrowers, or any Foreign Holdco against any or all of the obligations of any Domestic Loan
Party.

 

11.09Interest
Rate Limitation.

 

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

 

11.10Counterparts;
Integration; Effectiveness.

 

This Agreement may
be executed in counterparts (and by different parties hereto in different counterparts), each of which shall constitute an original,
but all of which when taken together shall constitute a single contract. This Agreement and the other Loan Documents 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 5.01, this Agreement shall become effective
when it shall have been executed by the Administrative Agent and when the Administrative Agent shall have received counterparts
hereof that, when taken together, bear the signatures of each of the other parties hereto. Delivery of an executed counterpart
of a signature

 

    - 196 -

     

    

page of this Agreement by telecopy or other
electronic imaging means shall be effective as delivery of a manually executed counterpart of this Agreement.

 

11.11Survival
of Representations and Warranties.

 

All representations
and warranties made hereunder and in any other Loan Document or other document delivered pursuant hereto or thereto or in connection
herewith or therewith shall survive the execution and delivery hereof and thereof. Such representations and warranties have been
or will be relied upon by the Administrative Agent and each Lender, regardless of any investigation made by the Administrative
Agent or any Lender or on their behalf and notwithstanding that the Administrative Agent or any Lender may have had notice or knowledge
of any Default at the time of any Credit Extension, and shall continue in full force and effect as long as any Loan or any other
Obligation hereunder shall remain unpaid or unsatisfied or any Letter of Credit shall remain outstanding (other than contingent
indemnification, tax gross-up, expense reimbursement or yield protection obligations, in each case, for which no claim has been
made).

 

11.12Severability.

 

If any provision of
this Agreement or the other Loan Documents is held to be illegal, invalid or unenforceable, (a) the legality, validity and enforceability
of the remaining provisions of this Agreement and the other Loan Documents shall not be affected or impaired thereby and (b) the
parties shall endeavor in good faith negotiations to replace the illegal, invalid or unenforceable provisions with valid provisions
the economic effect of which comes as close as possible to that of the illegal, invalid or unenforceable provisions. The invalidity
of a provision in a particular jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction.
Without limiting the foregoing provisions of this Section 11.12, if and to the extent that the enforceability of any
provisions in this Agreement relating to Defaulting Lenders shall be limited by Debtor Relief Laws, as determined in good faith
by the Administrative Agent or each L/C Issuer, as applicable, then such provisions shall be deemed to be in effect only to the
extent not so limited.

 

11.13Replacement
of Lenders.

 

If (i) any Lender requests
compensation under Section 3.04, (ii) either Borrower is required to pay any Indemnified Taxes or additional amount
to any Lender or any Governmental Authority for the account of any Lender pursuant to Section 3.01, (iii) the obligation
of any Lender to make or maintain Loans as Eurocurrency Rate Loans has been suspended pursuant to Section 3.02, (iv) a Lender
(a “Non-Consenting Lender”) does not consent to a proposed change, waiver, discharge or termination with respect
to any Loan Document that has been approved by the Required Lenders as provided in Section 11.01 but requires unanimous
consent of all Lenders or all Lenders directly affected thereby (as applicable) or (v) any Lender is a Defaulting Lender, 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, and consents required by,
Section 11.06), all of its interests, rights and obligations under this Agreement and the related

 

    - 197 -

     

    

Loan Documents to an assignee that shall
assume such obligations (which assignee may be another Lender, if a Lender accepts such assignment), provided that:

 

(a)unless waived
by the Administrative Agent (in its sole discretion), the Company shall have paid to the Administrative Agent the assignment fee
specified in Section 11.06(b);

 

(b)such Lender
shall have received payment of an amount equal to the outstanding principal of its Loans and L/C Advances, accrued interest thereon,
accrued fees and all other amounts payable to it hereunder and under the other Loan Documents (including any amounts under Section 3.05
and 2.09(b)) from the assignee (to the extent of such outstanding principal and accrued interest and fees) or the Company
(in the case of all other amounts);

 

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

 

(d)in the case
of any such assignment resulting from a suspension of a Lender’s obligation to make or maintain Loans as Eurocurrency Rate
Loans, the assignee of such assignment shall not be prohibited from making or maintaining Loans as Eurocurrency Rate Loans;

 

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

 

(f)in the case
of any such assignment resulting from a Non-Consenting Lender’s failure to consent to a proposed change, waiver, discharge
or termination with respect to any Loan Document, the applicable replacement bank, financial institution or Fund consents to the
proposed change, waiver, discharge or termination;

 

provided that the failure by such
Lender to execute and deliver an Assignment and Assumption shall not impair the validity of the removal of such Lender and the
mandatory assignment of such Lender’s Commitments and outstanding Loans and participations in L/C Obligations pursuant to
this Section 11.13 shall nevertheless be effective without the execution by such Lender of an Assignment and Assumption.

 

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

 

In case of replacement
of any Lender by a new Lender of all or any part of its rights and obligations under any of the Loan Documents, it is agreed that,
for the purposes of Article 1278 of the Luxembourg Civil Code (to the extent applicable), any security interests created under
the Collateral Documents securing the rights assigned, transferred or novated hereby, will be preserved for the benefit of such
new Lender.

 

    - 198 -

     

    

11.14Governing
Law; Jurisdiction; Etc. 

 

(a)GOVERNING
LAW. THIS AGREEMENT AND ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT (WHETHER BASED ON CONTRACT, TORT
OR ANY OTHER THEORY) SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK, EXCEPT (I) THE INTERPRETATION
OF THE DEFINITION OF “TARGET MATERIAL ADVERSE EFFECT” AND WHETHER THERE SHALL HAVE OCCURRED A TARGET MATERIAL ADVERSE
EFFECT, (B) WHETHER THE TARGET ACQUISITION HAS BEEN CONSUMMATED AS CONTEMPLATED BY THE MERGER AGREEMENT AND (C) THE DETERMINATION
OF WHETHER THE REPRESENTATIONS MADE BY OR WITH RESPECT TO THE TARGET OR ANY OF ITS AFFILIATES ARE ACCURATE AND WHETHER AS A RESULT
OF ANY INACCURACY OF ANY SUCH REPRESENTATIONS A PARTY TO THE MERGER AGREEMENT (OR ITS APPLICABLE AFFILIATES) HAS THE RIGHT TO TERMINATE
ITS (OR THEIR) OBLIGATIONS, OR HAS THE RIGHT NOT TO CONSUMMATE THE MERGER, UNDER THE MERGER AGREEMENT, SHALL BE GOVERNED BY, AND
CONSTRUED IN ACCORDANCE WITH, THE DOMESTIC LAWS OF THE STATE OF DELAWARE WITHOUT REGARD TO THE PRINCIPLES OF CONFLICTS OF LAW.

 

(b)SUBMISSION
TO JURISDICTION. EXCEPT AS OTHERWISE SPECIFIED IN ANY COLLATERAL DOCUMENT, EACH OF THE PARTIES HERETO IRREVOCABLY AND UNCONDITIONALLY
SUBMITS, FOR ITSELF AND ITS PROPERTY, TO THE EXCLUSIVE JURISDICTION OF THE COURTS OF THE STATE OF NEW YORK SITTING IN NEW YORK
COUNTY (BOROUGH OF MANHATTAN) AND OF THE UNITED STATES DISTRICT COURT OF THE SOUTHERN DISTRICT OF NEW YORK, 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 ANY OF
THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY (WHETHER BASED ON CONTRACT, TORT OR ANY OTHER THEORY), OR FOR RECOGNITION OR ENFORCEMENT
OF ANY JUDGMENT, AND EACH OF THE PARTIES HERETO IRREVOCABLY AND UNCONDITIONALLY AGREES THAT ALL CLAIMS IN RESPECT OF ANY SUCH ACTION
OR PROCEEDING SHALL BE HEARD AND DETERMINED IN SUCH NEW YORK STATE COURT OR, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW,
IN SUCH FEDERAL COURT. EACH OF THE PARTIES HEREBY FURTHER IRREVOCABLY WAIVES ANY CLAIM THAT ANY SUCH COURTS LACK PERSONAL JURISDICTION
OVER SUCH PARTY, AND AGREES NOT TO PLEAD OR CLAIM, IN ANY LEGAL ACTION OR PROCEEDING WITH RESPECT TO THIS AGREEMENT OR ANY OTHER
LOAN DOCUMENT OR ANY OF THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY (WHETHER BASED ON CONTRACT, TORT OR ANY OTHER THEORY) BROUGHT
IN ANY OF THE AFOREMENTIONED COURTS, THAT SUCH COURTS LACK PERSONAL JURISDICTION OVER SUCH PARTY. 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

 

    - 199 -

     

    

JUDGMENT OR IN ANY OTHER MANNER PROVIDED
BY LAW. NOTHING IN THIS AGREEMENT OR IN ANY OTHER LOAN DOCUMENT SHALL AFFECT ANY RIGHT THAT THE ADMINISTRATIVE AGENT, ANY LENDER,
ANY ISSUING LENDER OR THE HOLDER OF ANY NOTE MAY OTHERWISE HAVE TO BRING ANY ACTION OR PROCEEDING RELATING TO THIS AGREEMENT OR
ANY OTHER LOAN DOCUMENT AGAINST ANY LOAN PARTY PARTY HERETO OR ITS PROPERTIES IN THE COURTS OF ANY JURISDICTION.

 

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

 

(d)SERVICE OF
PROCESS. EACH PARTY HERETO IRREVOCABLY CONSENTS TO SERVICE OF PROCESS IN THE MANNER PROVIDED FOR NOTICES IN SECTION 11.02.
NOTHING IN THIS AGREEMENT WILL AFFECT THE RIGHT OF ANY PARTY HERETO TO SERVE PROCESS IN ANY OTHER MANNER PERMITTED BY APPLICABLE
LAW. THE DESIGNATED BORROWERS AND EACH FOREIGN GUARANTOR (excluding GlobeOp Financial Services
LLC) FROM TIME TO TIME PARTY HERETO HEREBY IRREVOCABLY DESIGNATES, APPOINTS AND EMPOWERS CORPORATION SERVICE COMPANY, WITH
OFFICES ON THE DATE HEREOF AT 1133 AVENUE OF THE AMERICAS, SUITE 3100, NEW YORK, NEW YORK 10036, AS ITS DESIGNEE, APPOINTEE AND
AGENT TO RECEIVE, ACCEPT AND ACKNOWLEDGE FOR AND ON ITS BEHALF, AND IN RESPECT OF ITS PROPERTY, SERVICE OF ANY AND ALL LEGAL PROCESS,
SUMMONS, NOTICES AND DOCUMENTS WHICH MAY BE SERVED IN ANY SUCH ACTION OR PROCEEDING. IF FOR ANY REASON SUCH DESIGNEE, APPOINTEE
AND AGENT SHALL CEASE TO BE AVAILABLE TO ACT AS SUCH, EACH OF THE PARTIES AGREES TO DESIGNATE A NEW DESIGNEE, APPOINTEE AND AGENT
IN NEW YORK CITY ON THE TERMS AND FOR THE PURPOSES OF THIS PROVISION REASONABLY SATISFACTORY TO THE ADMINISTRATIVE AGENT UNDER
THIS AGREEMENT.

 

11.15Waiver
of Right to Trial by Jury.

 

EACH PARTY HERETO HEREBY
IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN ANY LEGAL PROCEEDING
DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT OR THE TRANSACTIONS CONTEMPLATED
HEREBY OR THEREBY (WHETHER BASED ON CONTRACT, TORT OR ANY OTHER THEORY). EACH PARTY HERETO 

 

    - 200 -

     

    

(A) CERTIFIES THAT NO REPRESENTATIVE,
AGENT OR ATTORNEY OF ANY OTHER PERSON HAS REPRESENTED, EXPRESSLY OR OTHERWISE,
THAT SUCH OTHER PERSON WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER AND (B) ACKNOWLEDGES THAT
IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THIS AGREEMENT AND THE OTHER LOAN DOCUMENTS BY, AMONG OTHER THINGS,
THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION.

 

11.16No
Advisory or Fiduciary Responsibility.

 

In connection with
all aspects of each transaction contemplated hereby (including in connection with any amendment, waiver or other modification hereof
or of any other Loan Document), each of the Loan Parties acknowledges and agrees that: (i) (A) the arranging and other services
regarding this Agreement provided by the Administrative Agent, the Arrangers and the Co-Managers, are arm’s-length commercial
transactions between the Loan Parties and their respective Affiliates, on the one hand, and the Administrative Agent, the Arrangers
and the Co-Managers, on the other hand, (B) each of the Loan Parties has consulted its own legal, accounting, regulatory and tax
advisors to the extent it has deemed appropriate, and (C) each of the Loan Parties is capable of evaluating, and understands and
accepts, the terms, risks and conditions of the transactions contemplated hereby and by the other Loan Documents; (ii) (A) the
Administrative Agent, each of the Arrangers and each of the Co-Managers is and has been acting solely as a principal and, except
as expressly agreed in writing by the relevant parties (including pursuant to Section 11.06(c) hereof), has not been, is not, and
will not be acting as an advisor, agent or fiduciary for the Loan Parties or any of their respective Affiliates, or any other Person,
(B) neither the Administrative Agent nor any Arranger or Co-Manager has assumed or will assume, except as expressly agreed in writing
by the relevant parties (including pursuant to Section 11.06(c) hereof), an advisory, agency or fiduciary responsibility in favor
of either Borrower or any other Loan Party with respect to any of the transactions contemplated hereby or the process leading thereto,
including with respect to any amendment, waiver or other modification hereof or of any other Loan Document (irrespective of whether
the Administrative Agent or any Arranger has advised or is currently advising either Borrower, the other Loan Parties or their
respective Affiliates on other matters in any other capacity) and (C) neither the Administrative Agent nor the Arrangers or Co-Managers
have any obligation to the Loan Parties or any of their respective Affiliates with respect to the transactions contemplated hereby
except those obligations expressly set forth herein and in the other Loan Documents; and (iii) the Administrative Agent, the Arrangers,
the Co-Managers and their respective Affiliates may be engaged in a broad range of transactions that involve interests that differ
from those of the Loan Parties and their respective Affiliates, and neither the Administrative Agent nor the Arrangers or Co-Managers
have any obligation to disclose any of such interests to the Loan Parties and their respective Affiliates. To the fullest extent
permitted by Law, each of the Loan Parties hereby waives and releases any claims that it may have against the Administrative Agent,
the Arrangers and the Co-Managers with respect to any breach or alleged breach of agency or fiduciary duty in connection with any
aspect of any transaction contemplated hereby.

 

    - 201 -

     

    

11.17Electronic
Execution of Assignments and Certain Other Documents.

 

The words “execution”,
“signed”, “signature”, and words of like import in any Assignment and Assumption or in any amendment or
other modification hereof (including waivers and consents) 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 the 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.

 

11.18USA
PATRIOT Act Notice.

 

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

 

11.19Judgment
Currency.

 

If, for the purposes
of obtaining judgment in any court, it is necessary to convert a sum due hereunder or any other Loan Document in one currency into
another currency, the rate of exchange used shall be that at which in accordance with normal banking procedures the Administrative
Agent could purchase the first currency with such other currency on the Business Day preceding that on which final judgment is
given. The obligation of the Borrowers in respect of any such sum due from it to the Administrative Agent or the Lenders hereunder
or under the other Loan Documents shall, notwithstanding any judgment in a currency (the “Judgment Currency”)
other than that in which such sum is denominated in accordance with the applicable provisions of this Agreement (the “Agreement
Currency”), be discharged only to the extent that on the Business Day following receipt by the Administrative Agent of
any sum adjudged to be so due in the Judgment Currency, the Administrative Agent may in accordance with normal banking procedures
purchase the Agreement Currency with the Judgment Currency. If the amount of the Agreement Currency so purchased is less than the
sum originally due to the Administrative Agent from the applicable Borrower in the Agreement Currency, such Borrower agrees, as
a separate obligation and notwithstanding any such judgment, to indemnify the Administrative Agent or the Person to whom such obligation
was owing against such loss. If the amount of the Agreement Currency so purchased is greater than the sum originally due to the

 

    - 202 -

     

    

Administrative Agent in such currency,
the Administrative Agent agrees to return the amount of any excess to the applicable Borrower (or to any other Person who may be
entitled thereto under applicable law).

 

11.20Release
of Collateral and Guaranty Obligations.

 

(a)Notwithstanding
anything to the contrary contained herein or in any other Loan Document, upon request of the Company in connection with any Disposition
permitted by the Loan Documents, the Administrative Agent shall (without notice to, or vote or consent of, any Lender), at the
expense of the Company, take such actions as shall be required to release its security interest in any Collateral Disposed of in
such Disposition, and to release any Guaranty under any Loan Document of any Person Disposed of in such Disposition (other than
the Parent), upon consummation of such Disposition in accordance with the Loan Documents; provided that no such release
shall occur if such Guarantor continues to be a guarantor in respect of the Senior Notes, any Permitted First Priority Refinancing
Debt, any Permitted Junior Priority Refinancing Debt, any Permitted Unsecured Refinancing Debt or any Indebtedness incurred under
Section 8.03(f).

 

(b)Notwithstanding
anything to the contrary contained herein or in any other Loan Document, at such time as (a) all principal of and interest
accrued to such date which constitute Obligations (other than (A) Obligations for indemnification, expense reimbursement, tax gross-up
or yield protection for which no claim has been made and (B) obligations and liabilities under Secured Treasury Management Agreements
and Secured Swap Contracts as to which arrangements satisfactory to the applicable provider thereof shall have been made) shall
have been paid in full in cash, (b) all fees, expenses and other amounts then due and payable which constitute Obligations
(other than (A) Obligations for indemnification, expense reimbursement, tax gross-up or yield protection for which no claim has
been made and (B) obligations and liabilities under Secured Treasury Management Agreements and Secured Swap Contracts as to which
arrangements satisfactory to the applicable holder(s) of such obligations and/or liabilities shall have been made) shall have been
paid in cash, (c) all outstanding Letters of Credit shall have been (i) terminated, (ii) fully Cash Collateralized
or (iii) secured by one or more letters of credit on terms and conditions, and with one or more financial institutions, reasonably
satisfactory to each Applicable L/C Issuer, and (d) the Commitments shall have expired or been terminated in full, the Administrative
Agent shall at the expense of the Company take such actions as shall be required to release its security interest in all Collateral,
and to release any Guaranty under any Loan Document. Any such release of any Guaranty shall be deemed subject to the provision
that such Guaranty shall be reinstated if after such release any portion of any payment in respect of the Obligations guaranteed
thereby shall be rescinded or must otherwise be restored or returned upon the insolvency, bankruptcy, dissolution, liquidation
or reorganization of any Borrower or any Guarantor, or upon or as a result of the appointment of a receiver, intervenor or conservator
of, or trustee or similar officer for, any Borrower or any Guarantor or any substantial part of its property, or otherwise, all
as though such payment had not been made.

 

(c)Any execution
and delivery of documents pursuant to this Section 11.20 shall be without recourse to or warranty by the Administrative
Agent.

 

    - 203 -

     

    

11.21Waiver
of Sovereign Immunity. Each Loan Party that is incorporated outside the United States, in respect of itself, its Subsidiaries,
its process agents, and its properties and revenues, hereby irrevocably agrees that, to the extent that such Loan Party or its
respective Subsidiaries or any of its or its respective Subsidiaries’ properties has or may hereafter acquire any right of
immunity, whether characterized as sovereign immunity or otherwise, from any legal proceedings, whether in the United States or
elsewhere, to enforce or collect upon the Loans or any Loan Document or any other liability or obligation of such Loan Party or
any of their respective Subsidiaries related to or arising from the transactions contemplated by any of the Loan Documents, including,
without limitation, immunity from service of process, immunity from jurisdiction or judgment of any court or tribunal, immunity
from execution of a judgment, and immunity of any of its property from attachment prior to any entry of judgment, or from attachment
in aid of execution upon a judgment, such Loan Party, for itself and on behalf of its Subsidiaries, hereby expressly waives, to
the fullest extent permissible under applicable law, any such immunity, and agrees not to assert any such right or claim in any
such proceeding, whether in the United States or elsewhere. Without limiting the generality of the foregoing, each Loan Party further
agrees that the waivers set forth in this Section 11.21 shall have the fullest extent permitted under the Foreign Sovereign
Immunities Act of 1976 of the United States and are intended to be irrevocable for purposes of such Act.

 

11.22
Intercreditor Agreements.

 

(a)EACH LENDER
UNDERSTANDS, ACKNOWLEDGES AND AGREES THAT LIENS MAY BE CREATED ON THE COLLATERAL (OR ANY PORTION THEREOF) IN CONNECTION WITH A
BORROWER'S INCURRENCE OF ANY PERMITTED FIRST PRIORITY REFINANCING DEBT AND PERMITTED JUNIOR PRIORITY REFINANCING DEBT, WHICH LIENS,
IN EACH CASE, SHALL BE SUBJECT TO THE TERMS AND CONDITIONS OF AN INTERCREDITOR AGREEMENT. THE EXPRESS TERMS OF ANY SUCH INTERCREDITOR
AGREEMENT SHALL PROVIDE THAT, IN THE EVENT OF ANY CONFLICT BETWEEN THE TERMS OF SUCH INTERCREDITOR AGREEMENT, ON THE ONE HAND,
AND ANY OF THE LOAN DOCUMENTS, ON THE OTHER HAND, THE PROVISIONS OF THE INTERCREDITOR AGREEMENT SHALL GOVERN AND CONTROL.

 

(b)EACH LENDER
AUTHORIZES AND INSTRUCTS THE ADMINISTRATIVE AGENT TO ENTER INTO ANY SUCH INTERCREDITOR AGREEMENTS ON BEHALF OF THE LENDERS, AND
TO TAKE ALL ACTIONS (AND EXECUTE AMENDMENTS THERETO AND ALL OTHER DOCUMENTS) REQUIRED (OR DEEMED ADVISABLE) BY IT.

 

[SIGNATURE
PAGES FOLLOW]

 

 

    - 204 -

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00247-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00247-of-00352.parquet"}]]