Document:

Exhibit 10.1

 

Execution Version

 

FIFTH AMENDMENT TO CREDIT
AGREEMENT

 

This FIFTH AMENDMENT to the
Credit Agreement referred to below, dated as of June 28, 2022 (this “Fifth Amendment”) by and among B&G
FOODS, INC., a Delaware corporation, as borrower (the “Borrower”) and each of B&G FOODS NORTH AMERICA, INC.,
a Delaware corporation (“B&GNA”), B&G FOODS SNACKS, INC., a Delaware corporation (“B&GS”),
BACK TO NATURE FOODS COMPANY, LLC, a Delaware limited liability company (“Back to Nature Company”), BACK TO
NATURE FOODS SERVCO, LLC, a Delaware limited liability company (“Back to Nature ServCo”), BEAR CREEK COUNTRY
KITCHENS, LLC, a Delaware limited liability company (“Bear Creek”), BTN FOODS SERVCO CORPORATION, a Delaware
limited liability company (“BTN ServCo”), BTN HOLDCO, INC., a Delaware corporation (“BTN HoldCo”),
CLABBER GIRL CORPORATION, an Indiana corporation (“CG”), WILLIAM UNDERWOOD COMPANY, a Massachusetts business
trust (“WUC”), SPARTAN FOODS OF AMERICA, INC., a Delaware corporation (“Spartan Foods”),
VICTORIA FINE FOODS, LLC, a Delaware limited liability company (“Victoria”) and FARMWISE, LLC, a Delaware limited
liability company (“Farmwise”) (B&GNA, B&GS, Back to Nature Company, Back to Nature ServCo, Bear Creek,
BTN ServCo, BTN HoldCo, CG, WUC, Spartan Foods, Victoria and Farmwise, collectively, the “Guarantors”), the
Lenders party hereto, and BARCLAYS BANK PLC (“Barclays”), as administrative agent for the Lenders (in such
capacity, the “Administrative Agent”) and collateral agent for the Secured Parties (in such capacity, the “Collateral
Agent”). Capitalized terms not otherwise defined in this Fifth Amendment have the same meanings as specified in the Credit
Agreement (as defined below), as amended by this Fifth Amendment.

 

RECITALS

 

WHEREAS,
the Borrower, the several Lenders (as defined in the Credit Agreement) from time to time parties thereto and the Administrative Agent,
have entered into that certain Amended and Restated Credit Agreement, dated as of October 2, 2015 (together with all exhibits and
schedules attached thereto, as amended by the First Amendment to Credit Agreement, dated as of March 30, 2017, by the Second Amendment
to Credit Agreement, dated as of November 20, 2017, by the Third Amendment to Credit Agreement, dated as of October 10, 2019,
and by the Fourth Amendment to Credit Agreement, dated as of December 16, 2020, and as further amended, restated, amended and restated,
supplemented or otherwise modified prior to the date hereof, the “Credit Agreement” as amended by this Fifth
Amendment, the “Amended Credit Agreement”);

 

WHEREAS,
the Borrower has requested, pursuant to Sections 6.1 and 9.1, that the Credit Agreement be amended to amend Section 6.1 (Consolidated
Leverage Ratio);

 

WHEREAS,
the Lenders constituting at least the Majority Facility Lenders under the Revolving Credit Facility are willing to effect the amendments
set forth herein and agree to the terms of the Amended Credit Agreement, in each case on the terms and subject to the conditions of this
Fifth Amendment;

 

WHEREAS,
each Lender under the Credit Agreement immediately prior to the Fifth Amendment Effective Date that executes and delivers a signature
page to this Fifth Amendment (each such Lender, a “Consenting Lender”) will be deemed to have consented
to the amendments to the Credit Agreement as set forth in this Fifth Amendment, on the terms and subject to the conditions as set forth
herein;

 

     

     

    

 

WHEREAS,
each Guarantor expects to realize, or has realized, substantial direct and indirect benefits as a result of this Fifth Amendment becoming
effective and the consummation of the transactions contemplated hereby.

 

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

 

Article I

 

AMENDMENTS
TO CREDIT AGREEMENT

 

Section 1.1     Amendment
of Credit Agreement. On the Fifth Amendment Effective Date, the Borrower, the Lenders party hereto comprising at least the Majority
Facility Lenders under the Revolving Credit Facility, the Administrative Agent and the other parties party hereto agree that on the Fifth
Amendment Effective Date, the Credit Agreement shall hereby be amended to delete the stricken text (indicated textually in the same manner
as the following example: stricken text) and to add the double-underlined text
(indicated textually in the same manner as the following example: double-underlined
text) as set forth in the Amended Credit Agreement attached hereto as Exhibit A
and subject to the satisfaction of the conditions precedent set forth in Article II below.

 

Article II

 

CONDITIONS
TO EFFECTIVENESS

 

The effectiveness of this
Fifth Amendment (including amendments contained in Article I) is subject to the satisfaction (or written waiver) of the following
conditions (the date of satisfaction of such conditions being referred to herein as the “Fifth Amendment Effective Date”):

 

Section 2.1     This
Fifth Amendment shall have been duly executed by the Borrower, the Lenders under the Credit Agreement constituting at least the Majority
Facility Lenders under the Revolving Credit Facility and the Administrative Agent, and delivered to the Administrative Agent;

 

Section 2.2     All
fees and expenses required to be paid hereunder or pursuant to the Amended Credit Agreement, that certain Engagement Letter, dated as
of June 7, 2022 (the “Engagement Letter”), by and among the Borrower and Barclays shall have been paid
in full in cash or will be paid in full in cash on the Fifth Amendment Effective Date, including, without limitation, all reasonable
and documented out-of-pocket expenses incurred by the Administrative Agent and its respective Affiliates in connection with the execution
and delivery of this Fifth Amendment, in each case to the extent required by the Engagement Letter;

 

Section 2.3     The
Administrative Agent shall have received with respect to each Loan Party (i) a certificate as of a recent date of the good standing
(or equivalent) under the laws of its jurisdiction of organization from the relevant authority of its jurisdiction of organization and
(ii) a certificate of a Responsible Officer of each Loan Party dated the Fifth Amendment Effective Date and certifying to the effect
(A) each Organizational Document of such Loan Party previously delivered to the Administrative Agent on October 10, 2019 and
December 16, 2020 has not been modified, rescinded or amended since such date and is in full force and effect as of the Fifth Amendment
Effective Date, (B) the resolutions or written consents duly adopted by the board of directors or other governing body of each Loan
Party authorizing the execution, delivery and performance of the Credit Agreement, amendments to the Credit Agreement (including the
Fifth Amendment) and any related Loan Documents previously delivered to the Administrative Agent have not been modified, rescinded or
amended since the date of their delivery and are in full force and effect, and (C) as to the incumbency and specimen signature of
each officer executing this Fifth Amendment or any other document delivered in connection herewith on behalf of each Loan Party;

 

    	 	2	 

     

    

 

Section 2.4     No
Default or Event of Default has occurred and is continuing on the Fifth Amendment Effective Date both before and immediately after giving
effect to the transactions contemplated hereby;

 

Section 2.5     The
representations and warranties of the Borrower and each of the Guarantors set forth in Article III of this Fifth Amendment
are true and correct;

 

Section 2.6     The
Borrower shall have provided, at least three (3) Business Days prior to the Fifth Amendment Effective Date, all information with
respect to the Loan Parties reasonably requested by the Administrative Agent in writing at least ten (10) days prior to the Fifth
Amendment Effective Date under applicable “know-your-customer” and anti-money laundering rules and regulations, including,
without limitation, Patriot Act and, if the Borrower qualifies as a “legal entity customer” thereunder, the requirements
of 31 C.F.R §1010.230; and

 

Section 2.7     The
Borrower shall have paid (or shall have caused to be paid) to the Administrative Agent, for the account of each Consenting Lender, an
amount equal to 0.20% of the aggregate principal amount of the Revolving Commitments (funded or unfunded) as of the Fifth Amendment Effective
Date of each such Consenting Lender.

 

Article III

 

REPRESENTATIONS
AND WARRANTIES

 

To induce the other parties
hereto to enter into this Fifth Amendment, the Borrower and each Guarantor represents and warrants to each of the Lenders and the Administrative
Agent that, as of the Fifth Amendment Effective Date:

 

(a)            this
Fifth Amendment has been duly authorized, executed and delivered by the Borrower and each such Guarantor and constitutes, and the Amended
Credit Agreement constitutes, its legal, valid and binding obligation, enforceable against the Borrower and each such Guarantor in accordance
with its terms, except as such enforcement may be limited by bankruptcy, insolvency, reorganization, fraudulent conveyance or transfer,
moratorium or similar laws affecting creditors’ rights generally, and subject to general principles of equity, regardless of whether
considered in a proceeding in equity or at law and by principles of good faith and fair dealing;

 

    	 	3	 

     

    

 

(b)            each
of the representations and warranties made by any Loan Party in or pursuant to the Amended Credit Agreement or any other Loan Document
shall be true and correct in all material respects (except to the extent any such representation and warranty itself is qualified by
 “materiality”, “Material Adverse Effect” or similar qualifier, in which case, it shall be true and correct in
all respects) on and as of the Fifth Amendment Effective Date as if made on and as of the Fifth Amendment Effective Date (unless stated
to relate to an earlier date, in which case such representations and warranties shall be true and correct in all material respects (except
to the extent any such representation and warranty itself is qualified by “materiality”, “Material Adverse Effect”
or similar qualifier, in which case, it shall have been true and correct in all respects) as of such earlier date); and

 

(c)            no
Default or Event of Default shall have occurred and be continuing on the Fifth Amendment Effective Date.

 

Article IV

 

Effects
on LOAN Documents and reaffirmation of security interests

 

(a)            Except
as specifically amended herein or contemplated hereby, all Loan Documents shall continue to be in full force and effect and are hereby
in all respects ratified and confirmed. Except as specifically amended herein or contemplated hereby, the execution, delivery and effectiveness
of this Fifth Amendment shall not operate as a waiver of any right, power or remedy of any Lender or the Administrative Agent under any
of the Loan Documents, nor constitute a waiver of any provision of the Loan Documents or in any way limit, impair or otherwise affect
the rights and remedies of the Lenders or the Administrative Agent under the Loan Documents. The Borrower acknowledges and agrees that,
on and after the Fifth Amendment Effective Date, this Fifth Amendment and each of the other Loan Documents to be executed and delivered
by the Borrower in connection herewith shall constitute a Loan Document for all purposes of the Amended Credit Agreement. On and after
the Fifth Amendment Effective Date, each reference in the Amended Credit Agreement to “this Agreement”, “hereunder”,
 “hereof”, “herein” or words of like import referring to the Credit Agreement, and each reference in the other
Loan Documents to “Credit Agreement”, “thereunder”, “thereof” or words of like import referring to
the Credit Agreement shall mean and be a reference to the Amended Credit Agreement, and this Fifth Amendment and the Amended Credit Agreement
shall be read together and construed as a single instrument. Nothing herein shall be deemed to entitle the Borrower or the Guarantors
to a further consent to, or a further waiver, amendment, modification or other change of, any of the terms, conditions, obligations,
covenants or agreements contained in the Amended Credit Agreement or any other Loan Document in similar or different circumstances.

 

(b)            Each
Guarantor hereby acknowledges that it has reviewed the terms and provisions of this Fifth Amendment and consents to the amendment of
the Credit Agreement effected pursuant to this Fifth Amendment. Each Guarantor hereby (i) confirms that each Loan Document to which
it is a party or is otherwise bound and all Collateral encumbered thereby will continue to guarantee or secure, as the case may be, to
the fullest extent possible in accordance with the Loan Documents, the payment and performance of the Obligations, as the case may be,
including without limitation the payment and performance of all such applicable Obligations that are joint and several obligations of
each Grantor (as defined in the Guarantee and Collateral Agreement) now or hereafter existing, (ii) confirms its respective grant
to the Collateral Agent for the benefit of the Secured Parties of the security interest in and continuing Lien on all of such Loan Party’s
right, title and interest in, to and under all “Collateral” as defined in the Guarantee and Collateral Agreement, in each
case whether now owned or existing or hereafter acquired or arising and wherever located, as collateral security for the prompt and complete
payment and performance in full when due, whether at stated maturity, by required prepayment, declaration, acceleration, demand or otherwise,
of all applicable Obligations (including all such Obligations as amended, reaffirmed and/or increased pursuant to this Fifth Amendment),
subject to the terms contained in the applicable Loan Documents and (iii) confirms its respective guarantees, pledges, grants of
security interests and other obligations, as applicable, under and subject to the terms of each of the Loan Documents to which it is
a party.

 

    	 	4	 

     

    

 

(c)            Each
Guarantor acknowledges and agrees that each of the Loan Documents to which it is a party or otherwise bound shall continue in full force
and effect and that all of its obligations thereunder shall be valid and enforceable and shall not be impaired or limited by the execution
or effectiveness of this Fifth Amendment.

 

Article V

 

MISCELLANEOUS

 

Section 5.1     Execution
by the Administrative Agent. The Administrative Agent is entering into, and signing, this Fifth Amendment in respect of the amendments
set forth in Section 1.1 hereof, in accordance with Sections 6.1 and 9.1 of the Credit Agreement.

 

Section 5.2     Indemnification.
The Borrower hereby confirms that the indemnification provisions set forth in Sections 2.19 (except to the extent waived hereby) and
8.7 of the Amended Credit Agreement shall apply to this Fifth Amendment and the transactions contemplated hereby.

 

Section 5.3     Amendments;
Execution in Counterparts; Severability.

 

(a)            This
Fifth Amendment may not be amended nor may any provision hereof be waived except pursuant to a writing signed by the Borrower, the Lenders
party hereto and the Administrative Agent, in each case to the extent required by the Credit Agreement; and

 

(b)            To
the extent any provision of this Fifth Amendment is prohibited by or invalid under the applicable law of any jurisdiction, such provision
shall be ineffective only to the extent of such prohibition or invalidity and only in such jurisdiction, without prohibiting or invalidating
such provision in any other jurisdiction or the remaining provisions of this Fifth Amendment in any jurisdiction.

 

    	 	5	 

     

    

 

Section 5.4     Administrative
Agent. The Borrower acknowledges and agrees that Barclays, in its capacity as administrative agent under the Credit Agreement, will
serve as Administrative Agent under this Fifth Amendment and under the Amended Credit Agreement.

 

Section 5.5     Governing
Law; Waiver of Jury Trial; Jurisdiction. This Fifth Amendment shall be construed in accordance with and governed by the law of the
State of New York. EACH PARTY HERETO HEREBY IRREVOCABLY WAIVES, TO THE EXTENT PERMITTED BY APPLICABLE LAW, ITS RESPECTIVE RIGHTS
TO TRIAL BY JURY OF ANY CLAIM OR CAUSE OF ACTION (WHETHER BASED ON CONTRACT, TORT OR ANY OTHER THEORY) ARISING OUT OF OR IN CONNECTION
WITH THIS FIFTH AMENDMENT, THE AMENDED CREDIT AGREEMENT OR ANY OTHER CREDIT DOCUMENT. The provisions of Sections 9.11 and 9.12
of the Amended Credit Agreement are incorporated herein by reference, mutatis mutandis.

 

Section 5.6     Headings.
Section headings in this Fifth Amendment are included herein for convenience of reference only, are not part of this Fifth Amendment
and are not to affect the construction of, or to be taken into consideration in interpreting, this Fifth Amendment.

 

Section 5.7     Counterparts.
This Fifth Amendment may be executed in any number of counterparts, each of which shall be deemed an original and all of which, when
taken together, shall constitute one agreement. The words “execution,” “signed,” “signature,” and
words of like import in this Fifth Amendment shall be deemed to include electronic signatures or electronic records, each of which shall
be of the same legal effect, validity or enforceability as a manually executed signature or the use of a paper-based recordkeeping system,
as the case may be, to the extent and as provided for in any applicable law, including the Federal Electronic Signatures in Global and
National Commerce Act, the New York State Electronic Signatures and Records Act, or any other similar state laws based on the Uniform
Electronic Transactions Act.

 

[Remainder of page intentionally
left blank.]

 

    	 	6	 

     

    

 

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

 

	 	Borrower:
	 	 
	 	B&G FOODS, INC.
	 	 
	 	By: 	/s/ Scott E. Lerner               
	 	Name: 	Scott E. Lerner
	 	Title:	Executive Vice President, General Counsel, Secretary and Chief Compliance
    Officer
	 	 
	 	Subsidiary Guarantors:

 

	 	B&G
    FOODS NORTH AMERICA, INC.
	 	B&G FOODS
    SNACKS, INC.
	 	BACK TO NATURE
    FOODS COMPANY, LLC
	 	BACK TO NATURE
    FOODS SERVCO, LLC
	 	BEAR CREEK COUNTRY
    KITCHENS, LLC
	 	BTN FOODS SERVCO
    CORPORATION BTN HOLDCO, INC.
	 	CLABBER GIRL CORPORATION
    WILLIAM UNDERWOOD COMPANY SPARTAN FOODS OF AMERICA, INC.
	 	VICTORIA FINE
    FOODS, LLc
	 	FARMWISE, LLC

 

	 	By: 	/s/ Scott E. Lerner               
	 	Name: 	Scott E. Lerner
	 	Title:	Executive Vice President, General Counsel, Secretary and Chief Compliance
    Officer

 

[Signature Page to
Fifth Amendment to Credit Agreement]

 

     

     

    

 

	 	BARCLAYS BANK PLC, as Administrative Agent,
  Collateral Agent and a Lender
	 	 
	 	By:	/s/ Christopher M. Aitkin            
	 	Name:	Christopher M. Aitkin
	 	Title:	Vice President

 

[Signature Page to
Fifth Amendment to Credit Agreement]

 

     

     

    

 

	 	Bank of America, N.A., as a Lender
	 	 
	 	By:	/s/ Jana L. Baker
	 	Name:	Jana L. Baker
	 	Title:	Senior Vice President

 

[Signature Page to Fifth Amendment to Credit Agreement]

 

     

     

    

 

 

	 	Bank of America, N.A., as Issuing Lender
	 	 
	 	By:	/s/ Jana L. Baker
	 	Name:	Jana L. Baker
	 	Title:	Senior Vice President

 

[Signature Page to Fifth Amendment to Credit Agreement]

     

     

    

 

Signature Page to Fifth Amendment to Credit
Agreement

 

The undersigned hereby consents to the amendments to the Credit Agreement as set forth in the Fifth Amendment in its capacity as a Revolving
Credit Lender on the terms and subject to the conditions as set forth in the Fifth Amendment.

 

	 	BMO Harris Bank N.A., as a Revolving Credit Lender
	 	 
	 	By:	/s/ Andrew Berryman
	 	Name:	Andrew Berryman
	 	Title:	Director

 

[Signature Page to Fifth Amendment to Credit Agreement]

 

     

     

    

 

Signature Page to Fifth Amendment to Credit
Agreement

 

The undersigned hereby consents to the amendments to the Credit Agreement as set forth in the Fifth Amendment in its capacity as a Revolving
Credit Lender on the terms and subject to the conditions as set forth in the Fifth Amendment.

 

	 	Capital One National Association, as a Revolving Credit Lender
	 	 
	 	By:	/s/ Jack Kelleher
	 	Name:	Jack Kelleher
	 	Title:	Sr. Manager

 

[Signature Page to Fifth Amendment to Credit Agreement]

 

     

     

    

 

Signature Page to Fifth Amendment to Credit
Agreement

 

The undersigned hereby consents to the amendments to the Credit Agreement as set forth in the Fifth Amendment in its capacity as a Revolving
Credit Lender on the terms and subject to the conditions as set forth in the Fifth Amendment.

 

	 	Citibank, N.A., as a Revolving Credit Lender
	 	 
	 	By:	/s/ Robert Kane
	 	Name:	Robert Kane
	 	Title:	Director

 

	 	[If a second signature is necessary:]
	 	 
	 	By:	        
	 	Name:	 
	 	Title:	 

 

[Signature Page to Fifth Amendment to Credit Agreement]

 

     

     

    

 

Signature Page to Fifth Amendment to Credit
Agreement

 

The undersigned hereby consents to the amendments to the Credit Agreement as set forth in the Fifth Amendment in its capacity as a Revolving
Credit Lender on the terms and subject to the conditions as set forth in the Fifth Amendment.

 

	 	CITIZENS BANK, N.A., as a Revolving Credit Lender
	 	 
	 	By:	/s/ Danielle Leverone
	 	Name:	Danielle Leverone
	 	Title:	Director

 

	 	[If a second signature is necessary:]
	 	 
	 	By:	          
	 	Name:	 
	 	Title:	 

 

[Signature Page to Fifth Amendment to Credit Agreement]

 

     

     

    

 

Signature Page to Fifth Amendment to Credit
Agreement

 

The undersigned hereby consents to the amendments to the Credit Agreement as set forth in the Fifth Amendment in its capacity as a Revolving
Credit Lender on the terms and subject to the conditions as set forth in the Fifth Amendment.

 

	 	CoBank, ACB, as a Revolving Credit Lender
	 	 
	 	By:	/s/ John B. Trawick
	 	Name:	John B. Trawick
	 	Title:	Vice President

 

[Signature Page to Fifth Amendment to Credit Agreement]

 

     

     

    

 

Signature Page to Fifth Amendment to Credit
Agreement

 

The undersigned hereby consents to the amendments to the Credit Agreement as set forth in the Fifth Amendment in its capacity as a Revolving
Credit Lender on the terms and subject to the conditions as set forth in the Fifth Amendment.

 

	 	COÖPERATIEVE RABOBANK U.A., NEW YORK BRANCH, as a Revolving Credit Lender
	 	 
	 	By:	/s/ Andre Baladi
	 	Name:	Andre Baladi
	 	Title:	Managing Director

 

	 	By:	/s/ Joseph Mayes          
	 	Name:	Joseph Mayes
	 	Title:	Vice President

 

[Signature Page to Fifth Amendment to Credit Agreement]

 

     

     

    

 

Signature Page to Fifth Amendment to Credit
Agreement

 

The undersigned hereby consents to the amendments to the Credit Agreement as set forth in the Fifth Amendment in its capacity as a Revolving
Credit Lender on the terms and subject to the conditions as set forth in the Fifth Amendment.

 

	 	CREDIT SUISSE AG, CAYMAN ISLANDS BRANCH, as a Revolving Credit Lender
	 	 
	 	By:	/s/ Mikhail Faybusovich
	 	Name:	Mikhail Faybusovich
	 	Title:	Authorized Signatory

 

	 	By:	/s/ Jessica Gavarkovs       
	 	Name:	Jessica Gavarkovs
	 	Title:	Authorized Signatory

 

[Signature Page to Fifth Amendment to Credit Agreement]

 

     

     

    

 

Signature Page to Fifth Amendment to Credit
Agreement

 

The undersigned hereby consents to the amendments to the Credit Agreement as set forth in the Fifth Amendment in its capacity as a Revolving
Credit Lender on the terms and subject to the conditions as set forth in the Fifth Amendment.

 

	 	DEUTSCHE BANK AG NEW YORK BRANCH, as a Revolving Credit Lender
	 	 
	 	By:	/s/ Philip Tancorra
	 	Name:	Philip Tancorra
	 	Title:	Vice President 

philip.tancorra@db.com

 212-250-6576

 

	 	By:	/s/ Suzan Onal
	 	Name:	Suzan Onal
	 	Title:	Vice President

 suzan.onal@db.com 

212-250-3174

 

[Signature Page to Fifth Amendment to Credit Agreement]

     

     

    

 

Signature Page to Fifth Amendment to Credit
Agreement

 

The undersigned hereby consents to the amendments to the Credit Agreement as set forth in the Fifth Amendment in its capacity as a Revolving
Credit Lender on the terms and subject to the conditions as set forth in the Fifth Amendment.

 

	 	Goldman Sachs Bank USA, as a Revolving Credit Lender
	 	 
	 	By:	/s/ Dan Martis
	 	Name:	Dan Martis
	 	Title:	Authorized Signatory

  

[Signature Page to Fifth Amendment to Credit Agreement]

     

     

    

 

Signature Page to Fifth Amendment to Credit
Agreement

 

The undersigned hereby consents to the amendments to the Credit Agreement as set forth in the Fifth Amendment in its capacity as a Revolving
Credit Lender on the terms and subject to the conditions as set forth in the Fifth Amendment.

 

	 	JPMORGAN CHASE BANK, N.A., as a Revolving Credit Lender
	 	 
	 	By:	/s/ Alicia Schreibstein
	 	Name:	Alicia Schreibstein
	 	Title:	Executive Director

  

[Signature Page to Fifth Amendment to Credit Agreement]

 

     

     

    

 

	 	Royal Bank of Canada, as a Lender
	 	 
	 	By:	/s/ Michael Santana-Mondo
	 	Name:	Michael Santana-Mondo
	 	Title:	Authorized Signatory

   

     

     

    

 

Signature Page to Fifth Amendment to Credit
Agreement

 

The undersigned hereby consents to the amendments to the Credit Agreement as set forth in the Fifth Amendment in its capacity as a Revolving
Credit Lender on the terms and subject to the conditions as set forth in the Fifth Amendment.

 

	 	SUMITOMO MITSUI BANKING CORPORATION, as a Revolving Credit Lender
	 	 
	 	By:	/s/ Rosa Pritsch
	 	Name:	Rosa Pritsch
	 	Title:	Director

  

[Signature Page to Fifth Amendment to Credit Agreement]

 

     

     

    

 

	 	TD Bank, N.A., as a Lender
	 	 
	 	By:	/s/ Bernadette Collins
	 	Name:	Bernadette Collins
	 	Title:	Senior Vice President

 

[Signature Page to Fifth Amendment to Credit Agreement]

 

     

     

    

EXHIBIT A

 

Amended Credit Agreement

 

[See attached.]

 

     

     

    

 

 

 

$1,550,000,000.00

AMENDED AND RESTATED CREDIT AGREEMENT

among

B&G FOODS, INC.,

as Borrower

THE LENDERS FROM TIME TO TIME PARTY HERETO

and

BARCLAYS BANK PLC,

as Administrative Agent and Collateral Agent

 

__________________________________________________

 

BARCLAYS
BANK PLC, DEUTSCHE BANK SECURITIES INC., RBC CAPITAL MARKETS1,
BOFA SECURITIES, INC., BMO CAPITAL MARKETS CORP., GOLDMAN SACHS BANK USA

and

JPMORGAN
CHASE BANK, N.A.,

as Joint Lead Arrangers and Joint Bookrunners
with respect to the Tranche B-4 Term Loan Facility,

 

CREDIT
SUISSE SECURITIES (USA) LLC, CAPITAL ONE, NATIONAL ASSOCIATION, CITIGROUP GLOBAL MARKETS INC., CITIZENS BANK, N.A., COÖPERATIEVE
RABOBANK U.A., NEW YORK BRANCH

and

TD
SECURITIES (USA) LLC,

as Co-Managers and Co-Documentation Agents with
respect to the Tranche B-4 Term Loan Facility,

 

BARCLAYS BANK PLC, DEUTSCHE BANK SECURITIES INC.,
ROYAL BANK OF CANADA, RBC CAPITAL MARKETS, BOFA SECURITIES, INC., BMO CAPITAL MARKETS CORP., CITIGROUP GLOBAL MARKETS INC., CREDIT
SUISSE LOAN FUNDING LLC, GOLDMAN SACHS BANK USA and JPMORGAN CHASE BANK, N.A.,

as Joint Lead Arrangers and Joint Bookrunners with respect to the Fourth Amendment Facilities,

 

CITIZENS BANK, N.A., COÖPERATIEVE RABOBANK
U.A., NEW YORK BRANCH, TD SECURITIES (USA) LLC, CAPITAL ONE, NATIONAL ASSOCIATION, SUMITOMO MITSUI BANKING CORPORATION and COBANK, ACB,

as Co-Documentation Agents with respect to the Fourth Amendment Facilities,

 

CREDIT SUISSE SECURITIES (USA) LLC, BARCLAYS BANK
PLC,

RBC
CAPITAL MARKETS, BANK OF AMERICA, N.A., BOFA SECURITIES, INC.,

DEUTSCHE BANK SECURITIES INC., CITIZENS BANK, N.A.,

TD SECURITIES (USA) LLC

and

COÖPERATIEVE RABOBANK U.A., NEW YORK BRANCH

as Joint Lead Arrangers and Joint Bookrunners with respect to the Revolving Credit Facility,

 

BARCLAYS
BANK PLC, RBC CAPITAL MARKETS, BANK OF AMERICA, N.A., BOFA SECURITIES, INC. and DEUTSCHE BANK SECURITIES INC.,

as Co-Syndication Agents with respect to the Revolving Credit Facility,

CITIZENS BANK, N.A., TD BANK, N.A. and COÖPERATIEVE
RABOBANK U.A., NEW YORK BRANCH,

as Co-Documentation Agents with respect to the Revolving Credit Facility,

 

Dated as of October 2, 2015,

as amended by the First Amendment to Credit Agreement,
dated as of March 30, 2017,

by the Second Amendment to Credit Agreement, dated
as of November 20, 2017,

by the Third Amendment to Credit Agreement, dated
as of October 10, 2019,

and
by the Fourth Amendment to Credit Agreement, dated as of December 16, 2020

and
by the Fifth Amendment to Credit Agreement, dated as of June 28, 2022

 

 

1 RBC Capital Markets is a brand name for the capital markets
businesses of Royal Bank of Canada and its affiliates.

 

     

     

    

 

TABLE OF CONTENTS

 

	 	 	 	Page
	 	 	 	 
	Section 1. DEFINITIONS	23
	 	 
		1.1	Defined
                                            Terms	23
		1.2	Other
                                            Definitional Provisions	4447
		1.3	Pro
                                            Forma Basis	4548
		1.4	Divisions	4649

 

	Section 2. AMOUNT AND TERMS OF COMMITMENTS; LETTERS OF CREDIT	4750
	 	 
		2.1	Term
                                            Loan Commitments	4750
		2.2	Procedure
                                            for Term Loan Borrowings	4851
		2.3	Repayment
                                            of Term Loans	4851
		2.4	Revolving
                                            Credit Commitments	4952
		2.5	Procedure
                                            for Borrowing Revolving Credit Loans	5053
		2.6	Repayment
                                            of Loans; Evidence of Debt	5053
		2.7	Commitment
                                            Fees, Other Fees	5154
		2.8	Termination
                                            or Reduction of Revolving Credit Commitments	5255
		2.9	Optional
                                            Prepayments	5255
		2.10	Mandatory
                                            Prepayments	5256
		2.11	Conversion
                                            and Continuation Options	5357
		2.12	Minimum
                                            Amounts and Maximum Number of Eurodollar Tranches	5457
		2.13	Interest
                                            Rates and Payment Dates	5457
		2.14	Computation
                                            of Interest and Fees	5558
		2.15	Inability
                                            to Determine Interest Rate and Alternate Rate of Interest	5558
		2.16	Pro
                                            Rata Treatment and Payments	5760
		2.17	Requirements
                                            of Law	5861
		2.18	Taxes	6063
		2.19	Indemnity	6266
		2.20	Illegality	6366
		2.21	Change
                                            of Lending Office	6366
		2.22	Substitution
                                            of Lenders	6367
		2.23	L/C
                                            Commitment	6467
		2.24	Procedure
                                            for Issuance of Letter of Credit	6568
		2.25	Fees
                                            and Other Charges	6569
		2.26	L/C
                                            Participations	6669
		2.27	Reimbursement
                                            Obligation of the Borrower	6770
		2.28	Obligations
                                            Absolute	6770
		2.29	Letter
                                            of Credit Payments	6871
		2.30	Applications	6871
		2.31	Defaulting
                                            Lenders	6871
		2.32	Incremental
                                            Loans and Commitments	7275

 

    -ii-

     

    

 

	Section 3. REPRESENTATIONS AND WARRANTIES	7578
	 	 
		3.1	Financial
                                            Condition	7578
		3.2	No
                                            Change	7679
		3.3	Corporate
                                            Existence; Compliance with Law	7679
		3.4	Corporate
                                            Power; Authorization; Enforceable Obligations	7780
		3.5	No
                                            Legal Bar	7780
		3.6	No
                                            Material Litigation	7780
		3.7	No
                                            Default	7880
		3.8	Ownership
                                            of Property; Liens	7880
		3.9	Intellectual
                                            Property	7881
		3.10	Taxes	7881
		3.11	Federal
                                            Regulations	7881
		3.12	Labor
                                            Matters	7881
		3.13	ERISA	7981
		3.14	Investment
                                            Company Act; Other Regulations	7982
		3.15	Subsidiaries	7982
		3.16	Use
                                            of Proceeds	7982
		3.17	Environmental
                                            Matters	7982
		3.18	Accuracy
                                            of Information, etc.	8083
		3.19	Security
                                            Documents	8183
		3.20	Solvency	8184
		3.21	Anti-Terrorism
                                            Laws; Sanctions; Anti-Corruption LawsLaws	8184
		3.22	EEA
                                            Financial Institutions	8285

 

	Section 4. CONDITIONS PRECEDENT	8285
	 	 
		4.1	Conditions
                                            to Restatement Funding Date	8285
		4.2	Conditions
                                            to Each Extension of Credit	8487

 

	Section 5. AFFIRMATIVE COVENANTS	8588
	 	 
		5.1	Financial
                                            Statements	8588
		5.2	Certificates;
                                            Other Information	8689
		5.3	Payment
                                            of Obligations	8790
		5.4	Conduct
                                            of Business and Maintenance of Existence, etc.	8790
		5.5	Maintenance
                                            of Property; Insurance	8790
		5.6	Inspection
                                            of Property; Books and Records; Discussions	8890
		5.7	Notices	8891
		5.8	Environmental
                                            Laws	8891
		5.9	Additional
                                            Collateral, etc.	8991
		5.10	Further
                                            Assurances	9093
		5.11	Ratings	9193
		5.12	Use
                                            of Proceeds	9193
		5.13	Beneficial
                                            Ownership Regulation	9194

 

    -iii-

     

    

 

	Section 6. NEGATIVE COVENANTS	9194
	 	 
		6.1	Financial
                                            Condition Covenants	9194
		6.2	Limitation
                                            on Indebtedness	9294
		6.3	Limitation
                                            on Liens	9497
		6.4	Limitation
                                            on Fundamental Changes	9699
		6.5	Limitation
                                            on Disposition of Property	96100
		6.6	Limitation
                                            on Restricted Payments	97101
		6.7	[Reserved.]	98102
		6.8	Limitation
                                            on Investments	98102
		6.9	Limitation
                                            on Optional Payments and Modifications of Debt Instruments, etc.	100103
		6.10	Limitation
                                            on Transactions with Affiliates	100104
		6.11	Limitation
                                            on Sales and Leasebacks	100104
		6.12	Limitation
                                            on Changes in Fiscal Periods	101104
		6.13	Limitation
                                            on Negative Pledge Clauses	101105
		6.14	Limitation
                                            on Restrictions on Subsidiary Distributions	101105
		6.15	Limitation
                                            on Lines of Business	102105

 

	Section 7. EVENTS OF DEFAULT	102106

 

	Section 8. THE AGENTS; THE ARRANGERS	105109
	 	 
		8.1	Appointment	105109
		8.2	Delegation
                                            of Duties	106110
		8.3	Exculpatory
                                            Provisions	106110
		8.4	Reliance
                                            by Administrative Agent	107111
		8.5	Notice
                                            of Default	108111
		8.6	Non-Reliance
                                            on Agents and Other Lenders	108112
		8.7	Indemnification	108112
		8.8	Administrative
                                            Agent in Its Individual Capacity	109112
		8.9	Successor
                                            Agents	109113
		8.10	Authorization
                                            to Release Liens; Other Actions Relating to Security Documents	110113
		8.11	The
                                            Arrangers; the Co-Syndication Agents; the Co-Documentation Agents	110114
		8.12	Certain
                                            Proceedings	111114
		8.13	Withholding
                                            Taxes	111115
		8.14	Certain
                                            ERISA Matters	111115

 

    -iv-

     

    

 

	Section 9. MISCELLANEOUS	114118
	 	 
		9.1	Amendments
                                            and Waivers	114118
		9.2	Notices	115119
		9.3	No
                                            Waiver; Cumulative Remedies	119122
		9.4	Survival
                                            of Representations and Warranties	119122
		9.5	Payment
                                            of Expenses	119123
		9.6	Successors
                                            and Assigns; Participations and Assignments	122124
		9.7	Adjustments;
                                            Set-off	127128
		9.8	Counterparts	128129
		9.9	Severability	128129
		9.10	Integration	128130
		9.11	GOVERNING
                                            LAW	128130
		9.12	Submission
                                            To Jurisdiction; Waivers	129130
		9.13	No
                                            Fiduciary Duty	129131
		9.14	Confidentiality	130132
		9.15	Release
                                            of Collateral Security and Guarantee Obligations	131132
		9.16	Accounting
                                            Changes	132134
		9.17	[Reserved.]	132134
		9.18	WAIVERS
                                            OF JURY TRIAL	132134
		9.19	Lender
                                            Action	133134
		9.20	USA
                                            PATRIOT Act Notice	133135
		9.21	Loan
                                            Modification Offers	133135
		9.22	Usury
                                            Savings Clause	135137
		9.23	Effect
                                            of Restatement	136138
		9.24	Acknowledgement
                                            and Consent to Bail-In of EEAAffected
                                            Financial Institutions	136138
		9.25	Acknowledgement
                                            Regarding Any Supported QFCs	137139

 

    -v-

     

    

 

SCHEDULES:

 

	1.1(a)	Excluded Lenders
	1.1(b)	Existing Letters of Credit
	3.4	Consents, Authorizations, Filings and Notices
	3.9	Intellectual Property Claims
	3.15	Subsidiaries
	3.19(a)-1	UCC Filing Jurisdictions
	3.19(a)-2	UCC Financing Statements to Remain on File
	6.2(d)	Existing Indebtedness
	6.3(f)	Existing Liens
	6.10	Transactions with Affiliates

 

EXHIBITS:

 

	A	Form of Guarantee and Collateral Agreement
	B	Form of Compliance Certificate
	C	Form of Restatement Funding Date Certificate
	D	Form of Assignment and Assumption
	E	Form of Legal Opinion of Dechert LLP
	F-1	Form of Revolving Credit Note
	F-2	Form of Tranche A Term Note
	F-3	Form of Tranche B Term Note
	G-1	Form of U.S. Tax Compliance Certificate (For Foreign Lenders that are not Partnerships for U.S. Federal Income Tax
            Purposes)
	G-2	Form of U.S. Tax Compliance Certificate (For Foreign Participants that are not Partnerships for U.S. Federal Income
            Tax Purposes)
	G-3	Form of U.S. Tax Compliance Certificate (For Foreign Lenders that are Partnerships for U.S. Federal Income Tax Purposes)
	G-4	Form of U.S. Tax Compliance Certificate (For Foreign Participants that are Partnerships for U.S. Federal Income
            Tax Purposes)
	H	Form of Solvency Certificate

 

    -vi-

     

    

 

AMENDED AND RESTATED CREDIT AGREEMENT, dated
as of October 2, 2015 (as amended by the First Amendment to Credit Agreement, dated as of March 30, 2017, by the Second Amendment
to Credit Agreement, dated as of November 20, 2017, by the Third Amendment to Credit Agreement, dated as of October 10, 2019
and,
by the Fourth Amendment to Credit Agreement, dated as of December 16, 2020 and
by the Fifth Amendment to Credit Agreement, dated as of June 28, 2022, and as further amended, restated, amended
and restated, supplemented or otherwise modified from time to time, this “Agreement”), among B&G FOODS, INC.,
a Delaware corporation (the “Borrower”), the several banks and other financial institutions or entities from time
to time party hereto as lenders (the “Lenders”) and BARCLAYS BANK PLC, as administrative agent for the Lenders (in
such capacity, together with its successors and permitted assigns in such capacity, the “Administrative Agent”) and
collateral agent for the Secured Parties (in such capacity, together with its successors and permitted assigns in such capacity, the
 “Collateral Agent”), with BARCLAYS BANK PLC (“Barclays”), DEUTSCHE BANK SECURITIES INC., RBC CAPITAL
MARKETS, BOFA SECURITIES, INC., BMO CAPITAL MARKETS CORP., GOLDMAN SACHS BANK USA and JPMORGAN CHASE BANK, N.A., as joint lead arrangers
and joint bookrunners with respect to the Tranche B-4 Term Loan Facility (collectively, in such capacities, the “Tranche B-4
Arrangers”), CREDIT SUISSE SECURITIES (USA) LLC, CAPITAL ONE, NATIONAL ASSOCIATION, CITIGROUP GLOBAL MARKETS INC., CITIZENS
BANK, N.A., COÖPERATIEVE RABOBANK U.A., NEW YORK BRANCH and TD SECURITIES (USA) LLC, as co-managers and co-documentation agents
with respect to the Tranche B-4 Term Loan Facility (collectively, in such capacities, the “Tranche B-4 Co-Documentation Agents”),
BARCLAYS BANK PLC, DEUTSCHE BANK SECURITIES INC., ROYAL BANK OF CANADA, RBC CAPITAL MARKETS, BOFA SECURITIES, INC., BMO CAPITAL
MARKETS CORP., CITIGROUP GLOBAL MARKETS INC., CREDIT SUISSE LOAN FUNDING LLC, GOLDMAN SACHS BANK USA and JPMORGAN CHASE BANK, N.A., as
joint lead arrangers and joint bookrunners with respect to the Fourth Amendment Facilities (collectively, in such capacities, the “Fourth
Amendment Incremental Arrangers”), CITIZENS BANK, N.A., COÖPERATIEVE RABOBANK U.A., NEW YORK BRANCH, TD SECURITIES (USA)
LLC, CAPITAL ONE, NATIONAL ASSOCIATION, SUMITOMO MITSUI BANKING CORPORATION and COBANK, ACB (collectively, in such capacities, the “Fourth
Amendment Co-Documentation Agents”), CREDIT SUISSE SECURITIES (USA) LLC (“CS Securities” and, together with
its affiliates, “Credit Suisse”), Barclays, RBC CAPITAL MARKETS (“RBCCM”), BOFA SECURITIES, INC.
(“BofA Securities”), DEUTSCHE BANK SECURITIES INC. (“DBSI”), CITIZENS BANK, N.A. (“Citizens”),
TD SECURITIES (USA) LLC (“TD Securities”) and COÖPERATIEVE RABOBANK U.A., NEW YORK BRANCH (“Rabobank”),
as joint lead arrangers and joint bookrunners with respect to the Revolving Credit Facility (collectively, in such capacities, the “Revolver
Arrangers”, together with the Tranche B-4 Arrangers and the Fourth Amendment Incremental Arrangers, the “Arrangers”),
Barclays, RBCCM, BofA Securities and DBSI, as co-syndication agents with respect to the Revolving Credit Facility (collectively, in such
capacities, the “Co-Syndication Agents”) and Citizens, TD BANK, N.A. and Rabobank, as Co-Documentation Agents with
respect to the Revolving Credit Facility (collectively, in such capacities, the “Revolver Co-Documentation Agents”,
and together with the Tranche B-4 Co-Documentation Agents and the Fourth Amendment Co-Documentation Agents, the “Co-Documentation
Agents”).

 

     

     

    

 

RECITALS:

 

WHEREAS, the Borrower, the
lenders party thereto from time to time and Credit Suisse AG, as administrative agent for the lenders and collateral agent for the secured
parties were parties to the Credit Agreement, dated as of June 5, 2014 (as amended, restated, amended and restated, supplemented
or otherwise modified from time to time prior to the Fourth Amendment Effective Date, the “Existing Credit Agreement”);

 

WHEREAS, on the Restatement
Effective Date, the Borrower requested that the Tranche B Term Loan Lenders extend credit in the form of new Tranche B Term Loans on
the Restatement Funding Date, in an aggregate principal amount of $750,000,000;

 

WHEREAS, the proceeds of
the new Tranche B Term Loans were used solely for the purposes set forth in Section 3.16;

 

WHEREAS, the Lenders are
willing to extend credit to the Borrower on the terms and subject to the conditions set forth herein;

 

WHEREAS, on the First Amendment
Effective Date, the Borrower requested that Lenders lend to the Borrower $640,109,890.11 of Tranche B-2 Term Loans (as hereinafter defined),
the proceeds of which were used on the First Amendment Effective Date to refinance and repay all outstanding Tranche B Term Loans; and

 

WHEREAS, on the Second Amendment
Effective Date, the Borrower requested that (a) Lenders lend to the Borrower $650,109,890.11 of Tranche B-3 Term Loans (as hereinafter
defined), the proceeds of which were used on the Second Amendment Effective Date (i) to refinance and repay all outstanding Tranche
B-2 Term Loans and (ii) for general corporate purposes.

 

WHEREAS, the Borrower prepaid
in full the Tranche A Term Loans and the Tranche B-3 Term Loans.

 

WHEREAS, on the Third Amendment
Effective Date, the Borrower requested that Lenders lend to the Borrower $450,000,000.00 of Tranche B-4 Term Loans (as hereinafter defined),
the proceeds of which were used on the Third Amendment Effective Date to, together with the proceeds of New Senior Notes to be issued
on or about the Third Amendment Effective Date, refinance Borrower’s existing Senior Notes due 2021 (the “Existing Senior
Notes Due 2021”), pay certain outstanding Revolving Credit Loans under this Agreement and to pay certain fees and expenses
in connection with the foregoing.

 

WHEREAS, on the Fourth Amendment
Effective Date, (i) the Borrower requestsrequested
that Lenders lend to the Borrower $300,000,000 of Incremental Term Loans, the proceeds of which shall
bewere
used on the Fourth Amendment Effective Date to pay certain outstanding Revolving Credit Loans under this Agreement and
to pay certain fees and expenses in connection with the foregoing and (ii) the Borrower requestsrequested
that Revolving Credit Lenders convert their Revolving Credit Commitments into Extended Revolving Credit Commitments on
the terms set forth herein and that Lenders provide to the Borrower $100,000,000 of Incremental Revolving Commitments.

 

    2

     

    

 

WHEREAS, on the Fourth Amendment
Effective Date, (i) the Fourth Amendment Incremental Term Loans shall automatically
and without further action by any Person constitutebecame
additional Tranche B-4 Term Loans (and shall have the same terms
as the Tranche B-4 Term Loans after giving effect to the Fourth Amendment) and shall bebecame
part of the same class of Loans as the Tranche B-4 Term Loans and (ii) the Fourth Amendment Incremental Term Loan
Lenders shall automatically and without further action by any Person constitutebecame
Tranche B-4 Term Loan Lenders, in each case for all purposes of this Agreement and the other Loan Documents.

 

WHEREAS,
on the Fifth Amendment Effective Date, the Borrower requests that the Majority Facility Lenders of the Revolving Credit Facility consent
to the amendments to Section 6.1(a) in accordance with, and subject to the terms set forth in, the Fifth Amendment.

 

NOW, THEREFORE, in consideration
of the above premises and the agreements hereinafter set forth, the parties hereto hereby agree as follows:

 

Section 1.
DEFINITIONS

 

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

 

“Acquired Business”:
substantially all of the assets comprising the Green Giant® and Le Sueur® brands business, including the “Transferred Assets”
and “Assumed Liabilities” under and as defined in the Acquisition Agreement.

 

“Acquired Business
Material Adverse Effect”: means any change, effect, event, occurrence or state of facts that, individually or when taken together
with all other such changes, effects, events, occurrences or states of fact, has a material adverse effect (i) on the business,
condition (financial or otherwise) or results of operations of the Acquired Business (including the Transferred Assets and Assumed Liabilities),
(ii) on the ability of Seller to consummate the Acquisition and/or (iii) the ability of Seller to substantially perform those
of its obligations under the Transition Services Agreement and the Co-Manufacturing Agreement that are necessary to avoid Purchaser being
deprived of a substantial portion of the benefits of the Acquisition (taking into account the availability of alternative arrangements
for the provision of such services and the potential for an adequate monetary remedy for any failure to so perform such obligations).
For purposes of this Agreement, “Acquired Business Material Adverse Effect” excludes any change, effect, event, occurrence
or state of facts to the extent resulting from (A) changes in Applicable Law or applicable accounting regulations or principles
to the extent not materially and disproportionately affecting the Acquired Business as compared to other parties in its industries, (B) any
outbreak or escalation of hostilities or war or any act of terrorism to the extent not materially and disproportionately affecting the
Acquired Business as compared to other parties in its industries, (C) changes in the United States, Canadian or Mexican economies,
financial markets or geopolitical conditions in general, to the extent not materially and disproportionately affecting the Acquired Business
as compared to other parties in its industries, (D) changes in industries relating to the Acquired Business in general and not specifically
relating to the Acquired Business (including fluctuations in prices of vegetable inputs), to the extent not materially and disproportionately
affecting the Acquired Business as compared to other parties in its industries, (E) the failure, in and of itself (that is, this
clause (E) will not prevent a determination that any change, effect, event, occurrence or state of facts underlying such failure,
as opposed to such failure itself, has resulted in a Acquired Business Material Adverse Effect, so long as such underlying change, effect,
event, occurrence of state of facts is not otherwise excluded from this definition of Acquired Business Material Adverse Effect), of
the Acquired Business to meet any published or internally prepared estimates of revenues, earnings or other financial projections, performance
measures or operating statistics, and (F) the execution or announcement of the Purchase Agreement (including the identity of Purchaser)
or any of the Ancillary Agreements and the consummation or announcement of the transactions contemplated hereby or thereby (including
the threatened or actual impact on relationships of the Acquired Business with customers, vendors, suppliers, distributors, landlords
or employees). Capitalized terms used in the definition of Acquired Business Material Adverse Effect above shall have the meaning assigned
to such terms in the Acquisition Agreement.

 

    3

     

    

 

“Acquisition”:
the acquisition by B&GNA and its Affiliates from the Seller and its Affiliates of the Acquired Business.

 

“Acquisition Agreement”:
the Asset Purchase Agreement, dated as of September 2, 2015, between the Seller, B&GNA and the Borrower.

 

“Administrative Agent”:
as defined in the preamble hereto.

 

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

 

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

 

“Agents”:
the collective reference to the Administrative Agent and the Collateral Agent.

 

“Aggregate Exposure”:
with respect to any Lender at any time, an amount equal to the sum of (a) the aggregate then unpaid principal amount of such Lender’s
Tranche B-4 Term Loans and (b) the amount of such Lender’s Revolving Credit Commitment then in effect or, if the Revolving
Credit Commitments have been terminated, the amount of such Lender’s Revolving Extensions of Credit then outstanding.

 

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

 

“Agreement”:
as defined in the preamble hereto.

 

    4

     

    

 

“All-In
Yield”: as to any Indebtedness, the yield thereof, whether in the form of interest rate, margin, original issue discount, upfront
fees or Eurodollar Rate or Base Rate “floor”, in each case, incurred or payable ratably to all lenders of such Indebtedness;
provided that (a) original issue discount and upfront fees shall
be equated to interest based on assumed four-year life to maturity (or, if less, the stated life to maturity at the time of incurrence
of the applicable Indebtedness), (b) subject to the foregoing clause (a), “All-In Yield” shall not include prepayment
premiums, arrangement, commitment, structuring, syndication, underwriting, placement, success, advisory, ticking and unused line, consent
and amendment fees or any other fees payable in connection therewith (regardless of whether shared or paid, in whole or in part, with
or to any or all lenders) that are not generally paid ratably to all lenders providing such Indebtedness or to one or more arrangers,
bookrunners, syndication and/or documentation agents (or their affiliates) thereof, and (c) if the Other Term Loans include an interest
rate floor greater than the applicable interest rate floor under the Tranche B-4 Term Loans that are Eurodollar Loans, such differential
between interest rate floors shall be equated to the applicable interest rate margin for purposes of determining whether an increase
to the interest rate margin under the Tranche B-4 Term Loans that are Eurodollar Loans shall be required, but only to the extent an increase
in the interest rate floor in the Tranche B-4 Term Loans that are Eurodollar Loans would cause an increase in the interest rate then
in effect thereunder, and in such case the interest rate floor (but not the interest rate margin) applicable to the Tranche B-4 Term
Loans that are Eurodollar Loans shall be increased to the extent of such differential between interest rate floors.

 

“Alternative Currency”:
any currency which as of the time of any issuance or renewal, as applicable, of a Permitted Foreign Currency Letter of Credit is freely
tradeable and convertible into Dollars and has been approved as an “Alternative Currency” for the purposes of this Agreement
by the Foreign Currency L/C Issuing Lender.

 

“Amendment Agreement”:
means the Amendment Agreement, dated as of the Restatement Effective Date, effecting, among other things, the amendment and restatement
of the Existing Credit Agreement.

 

“Anti-Corruption Laws”:
shall mean all laws, rules, and regulations of any jurisdiction applicable to the Loan Parties from time to time concerning or relating
to bribery or corruption, including without limitation the FCPA, the UK Bribery Act 2010 and other similar legislation in any other jurisdictions.

 

“Anti-Terrorism Laws”:
shall mean any laws relating to terrorism or money laundering, including Executive Order No. 13224, the PATRIOT Act, the laws comprising
or implementing the Bank Secrecy Act, and the laws administered by OFAC (as any of the foregoing laws may from time to time be amended,
renewed, extended, or replaced).

 

“Applicable Margin”:
(a) with respect to the Tranche B-4 Term Loans, 1.50% in the case of Base Rate Loans, and 2.50% in the case of Eurodollar Loans,
(b) with respect to the Revolving Credit Loans, a percentage per annum determined by reference to the Consolidated Leverage Ratio
in effect from time to time as set forth below:

 

	Consolidated Leverage
    Ratio	 	Applicable
    Margin for

    Revolving Loans that are Base

    Rate Loans	 	 	Applicable
    Margin for 

    Revolving Loans that are 

    Eurodollar Loans	 
	> 4.00:1.00	 	 	0.75	%	 	 	1.75	%
	<4.00:1.00
 >
                                            3.50:1.00
	 	 	0.50	%	 	 	1.50	%
	<  3.50:1.00	 	 	0.25	%	 	 	1.25	%

 

    5

     

    

 

(c) with respect to Other Term Loans, the margin to be added
to the Base Rate or Eurodollar Rate, as the case may be, as agreed upon by the Borrower and the Lender or Lenders providing the Incremental
Term Loan Commitment relating thereto as provided in Section 2.32, (d) with respect to Extended Term Loans, such percentage
as shall be agreed to by the Borrower and the applicable Extending Term Lenders as shown in the applicable Loan Modification Offer, and
(e) with respect to any Extended Revolving Credit Commitment, such percentage as shall be agreed to by the Borrower and the applicable
Revolving Credit Lenders pursuant to the applicable Revolving Extension Notice.

 

No change in the Applicable Margin shall be effective
until three Business Days after the date on which the Administrative Agent shall have received the applicable financial statements and
a Compliance Certificate pursuant to Section 5.2(a) calculating the Consolidated Leverage Ratio. At any time the Borrower has
not submitted to the Administrative Agent the applicable information as and when required under Section 5.1, the Applicable Margin
shall be determined as if the Consolidated Leverage Ratio were in excess of 4.00:1.00. Within one Business Day of receipt of the applicable
information under Section 5.1, the Administrative Agent shall give each Lender telefacsimile or telephonic notice (confirmed in
writing) of the Applicable Margin in effect from such date. In the event that any financial statement or certificate delivered pursuant
to Section 5.1 or 5.2(a) is shown to be inaccurate (at a time when this Agreement is in effect and unpaid Obligations under
this Agreement are outstanding (other than contingent obligations in respect of which no assertion of liability (whether oral or written)
and no claim or demand for payment (whether oral or written) has been made (and, in the case of Obligations for indemnification, no notice
for indemnification has been issued by the indemnitee) at such time), and such inaccuracy, if corrected, would have led to the application
of a higher Applicable Margin for any period (an “Applicable Period”) than the Applicable Margin applied for such
Applicable Period, then (x) the Borrower shall immediately deliver to the Administrative Agent a correct certificate required by
Section 5.2(a) for such Applicable Period and (y) the Borrower shall immediately pay to the Administrative Agent the accrued
additional interest owing as a result of such increased Applicable Margin for such Applicable Period. Nothing in this paragraph shall
limit the right of the Administrative Agent or any Lender under Section 2.13(c) or Section 7.

 

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

 

“Approved Fund”:
with respect to any Lender (other than an Excluded Lender) that is a fund that invests in commercial loans, any other fund that invests
in commercial loans and is managed or advised by the same investment advisor as such Lender or by an Affiliate of such investment advisor.

 

    6

     

    

 

“Arrangers”:
as defined in the preamble hereto.

 

“Asset Sale”:
any Disposition of Property or series of related Dispositions of Property (excluding any such Disposition permitted by clause (a), (b),
(c), (d) or (g) of Section 6.5) which yields gross proceeds to the Borrower or any of its Subsidiaries (valued at the
initial principal amount thereof in the case of non-cash proceeds consisting of notes or other debt securities and valued at fair market
value in the case of other non-cash proceeds) in excess of $10,000,000.

 

“Assignee”:
as defined in Section 9.6(d).

 

“Assignment and Assumption”:
each Assignment and Assumption, substantially in the form of Exhibit D, executed and delivered pursuant to Section 9.6.

 

“Assignor”:
as defined in Section 9.6(d).

 

“Attributable Debt”:
in respect of a sale and leaseback transaction, at the time of determination, the present value of the obligation of the lessee for net
rental payments during the remaining term of the lease included in such sale and leaseback transaction including any period for which
such lease has been extended or may, at the option of the lessor, be extended. Such present value shall be calculated using a discount
rate equal to the rate of interest implicit in such transaction, determined in accordance with GAAP; provided, however,
that if such sale and leaseback transaction results in a Capital Lease Obligation, the amount of Attributable Debt represented thereby
will be determined in accordance with the definition of “Capital Lease Obligations.”

 

“Available Amount”:
at any time, the sum of (a) $40,000,000, plus (b) the cumulative amount of Excess Cash Flow of the Borrower and its
Subsidiaries for the Available Amount Reference Period plus (c) the amount of Net Cash Proceeds received by the Borrower
from the issuance of Capital Stock (other than Disqualified Stock and other than Capital Stock issued to any directors, officers or employees
pursuant to compensation arrangements) of the Borrower (or capital contributions in respect thereof) after the Original Closing Date,
but only to the extent such Net Cash Proceeds are not otherwise applied to build the basket under clause (i) of the definition of
 “Permitted Acquisition” or under Section 6.8(o), plus (d) an amount equal to any return (including dividends,
interest, distributions, returns of principal and profits on sale) received by the Borrower or any of the Borrower’s Subsidiaries
in cash in respect of any Investments made using the Available Amount pursuant to Section 6.8(n) for the Available Amount Reference
Period; provided that such amount may not exceed the original Investment made using the Available Amount pursuant to Section 6.8(n) for
the Available Amount Reference Period, minus (e) the aggregate amount of Restricted Payments made pursuant to Section 6.6(b)(ii) for
the Available Amount Reference Period, minus (f) the aggregate amount of Investments made using the Available Amount pursuant
to Section 6.8(n) for the Available Amount Reference Period, minus (g) [reserved], minus (h) the aggregate
amount of any refinancing, repayment, redemption, repurchase, retirement or other acquisition for consideration of Indebtedness made
with the proceeds of the Available Amount pursuant to Section 6.9(a)(C) for the Available Amount Reference Period.

 

    7

     

    

 

“Available Amount
Reference Period”: the period commencing on the Original Closing Date and ending on the last day of the most recent Fiscal
Quarter or fiscal year for which financial statements required to be delivered pursuant to Section 5.1(a) or 5.1(b), as applicable,
and the related certificate required to be delivered pursuant to Section 5.2(a), have been received by the Administrative Agent.

 

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

 

“B&GNA”:
B&G Foods North America, Inc., a Delaware corporation and a wholly owned Subsidiary of the Borrower.

 

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

 

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

 

“Base Rate”:
for any day, a fluctuating rate per annum equal to the highest of (a) the Federal Funds Rate plus 0.50%, (b) the Prime Rate
and (c) the Eurodollar Rate determined on such date (or if such day is not a Business Day, the immediately preceding Business Day)
for a deposit in Dollars with a maturity of one month plus 1.00% (or, if such day is not a Business Day, the immediately preceding Business
Day); provided that if any of the rates set forth above shall be less than zero percent per annum, such rate shall be deemed to be zero
percent per annum for purposes of this Agreement. Any change in such rate announced by the Administrative Agent shall take effect at
the opening of business on the day specified in the public announcement of such change. For purposes of this definition, “Prime
Rate” means the rate of interest last quoted by The Wall Street Journal as the “Prime Rate” in the U.S. or, if
The Wall Street Journal ceases to quote such rate, the highest per annum interest rate published by the Federal Reserve Board in Federal
Reserve Statistical Release H.15 (519) (Selected Interest Rates) as the “bank prime loan” rate or, if such rate is no longer
quoted therein, any similar rate quoted therein (as determined by the Administrative Agent) or any similar release by the Federal Reserve
Board (as determined by the Administrative Agent). If the Base Rate is being used as an alternate rate of interest pursuant to Section 2.15
hereof, then the Base Rate shall be the greater of clause (a) and (b) above and shall be determined without reference to clause
(c) above.

 

“Base Rate Loans”:
Loans for which the applicable rate of interest is based upon the Base Rate.

 

    8

     

    

 

“Benchmark Replacement”:
means the sum of: (a) the alternate benchmark rate (which may include Term SOFR) that has been selected by the Administrative Agent
and the Borrower giving due consideration to (i) any selection or recommendation of a replacement rate or the mechanism for determining
such a rate by the Relevant Governmental Body or (ii) any evolving or then-prevailing market convention for determining a rate of
interest as a replacement to LIBO Rate for U.S. dollar-denominated syndicated credit facilities and (b) the Benchmark Replacement
Adjustment; provided that, if the Benchmark Replacement as so determined would be less than zero, the Benchmark Replacement will be deemed
to be zero for the purposes of this Agreement.

 

“Benchmark Replacement
Adjustment”: means, with respect to any replacement of LIBO Rate with an Unadjusted Benchmark Replacement for each applicable
Interest Period, the spread adjustment, or method for calculating or determining such spread adjustment, (which may be a positive or
negative value or zero) that has been selected by the Administrative Agent and the Borrower giving due consideration to (i) any
selection or recommendation of a spread adjustment, or method for calculating or determining such spread adjustment, for the replacement
of LIBO Rate with the applicable Unadjusted Benchmark Replacement by the Relevant Governmental Body or (ii) any evolving or then-prevailing
market convention for determining a spread adjustment, or method for calculating or determining such spread adjustment, for the replacement
of LIBO Rate with the applicable Unadjusted Benchmark Replacement for U.S. dollar-denominated syndicated credit facilities at such time.

 

“Benchmark Replacement
Conforming Changes”: means, with respect to any Benchmark Replacement, any technical, administrative or operational changes
(including changes to the definition of “Base Rate,” the definition of “Interest Period,” timing and frequency
of determining rates and making payments of interest and other administrative matters) that the Administrative Agent decides may be appropriate
to reflect the adoption and implementation of such Benchmark Replacement and to permit the administration thereof by the Administrative
Agent in a manner substantially consistent with market practice (or, if the Administrative Agent decides that adoption of any portion
of such market practice is not administratively feasible or if the Administrative Agent determines that no market practice for the administration
of the Benchmark Replacement exists, in such other manner of administration as the Administrative Agent decides is reasonably necessary
in connection with the administration of this Agreement).

 

“Benchmark Replacement
Date”: means the earlier to occur of the following events with respect to LIBO Rate:

 

(1) in the case of clause
(1) or (2) of the definition of “Benchmark Transition Event,” the later of (a) the date of the public statement
or publication of information referenced therein and (b) the date on which the administrator of LIBO Rate permanently or indefinitely
ceases to provide LIBO Rate; or

 

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

 

    9

     

    

 

“Benchmark Transition
Event”: means the occurrence of one or more of the following events with respect to LIBO Rate:

 

(1) a public statement
or publication of information by or on behalf of the administrator of LIBO Rate announcing that such administrator has ceased or will
cease to provide LIBO Rate, permanently or indefinitely, provided that, at the time of such statement or publication, there is no successor
administrator that will continue to provide LIBO Rate;

 

(2) a public statement
or publication of information by the regulatory supervisor for the administrator of LIBO Rate, the U.S. Federal Reserve System, an insolvency
official with jurisdiction over the administrator for LIBO Rate, a resolution authority with jurisdiction over the administrator for
LIBO Rate or a court or an entity with similar insolvency or resolution authority over the administrator for LIBO Rate, which states
that the administrator of LIBO Rate has ceased or will cease to provide LIBO Rate permanently or indefinitely, provided that, at the
time of such statement or publication, there is no successor administrator that will continue to provide LIBO Rate; or

 

(3) a public statement
or publication of information by the regulatory supervisor for the administrator of LIBO Rate announcing that LIBO Rate is no longer
representative.

 

“Benchmark Transition
Start Date”: means (a) in the case of a Benchmark Transition Event, the earlier of (i) the applicable Benchmark Replacement
Date and (ii) if such Benchmark Transition Event is a public statement or publication of information of a prospective event, the
30th day prior to the expected date of such event as of such public statement or publication of information (or if the expected date
of such prospective event is fewer than 30 days after such statement or publication, the date of such statement or publication) and (b) in
the case of an Early Opt-in Election, the date specified by the Administrative Agent or the Required Lenders, as applicable, by notice
to the Borrower, the Administrative Agent (in the case of such notice by the Required Lenders) and the Lenders.

 

“Benchmark Unavailability
Period”: means, if a Benchmark Transition Event and its related Benchmark Replacement Date have occurred with respect to LIBO
Rate and solely to the extent that LIBO Rate has not been replaced with a Benchmark Replacement, the period (x) beginning at the
time that such Benchmark Replacement Date has occurred if, at such time, no Benchmark Replacement has replaced LIBO Rate for all purposes
hereunder in accordance with Section 2.15 and (y) ending at the time that a Benchmark Replacement has replaced LIBO
Rate for all purposes hereunder pursuant to Section 2.15.

 

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

 

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

 

“Benefited Lender”: as defined
in Section 9.7.

 

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

 

    10

     

    

 

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

 

“Bona Fide Lending
Entity”: any bona fide (i) debt fund, (ii) investment vehicle, (iii) regulated bank entity or (iv) non-regulated
lending entity that is engaged in purchasing, holding or otherwise investing in commercial loans, bonds and similar extensions of credit
in the ordinary course of business.

 

“Borrower”:
as defined in the preamble hereto.

 

“Borrower Materials”:
as defined in Section 9.2.

 

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

 

“Business Day”:
(i) for all purposes other than as covered by clause (ii) below, a day other than a Saturday, Sunday or other day on which
commercial banks in New York City are authorized or required by law to close and (ii) with respect to all notices and determinations
in connection with, and payments of principal and interest on, Eurodollar Loans, any day which is a Business Day described in clause
(i) and which is also a day for trading by and between banks in Dollar deposits in the interbank eurodollar market.

 

“Calculation Date”:
with respect to each Permitted Foreign Currency Letter of Credit, during the period that such Permitted Foreign Currency Letter of Credit
is outstanding (i) the last Business Day of each Fiscal Quarter, (ii) the date on which such Permitted Foreign Currency Letter
of Credit is to be issued or renewed by the Foreign Currency L/C Issuing Lender, and (iii) the date on which any draft presented
under such Permitted Foreign Currency Letter of Credit is paid by the Foreign Currency L/C Issuing Lender.

 

“Capital Expenditures”:
for any period, with respect to any Person, the aggregate of all expenditures by such Person and its Subsidiaries for the acquisition
or leasing (pursuant to a capital lease) of fixed or capital assets or additions to equipment (including replacements, capitalized repairs
and improvements during such period) which should be capitalized under GAAP on a consolidated balance sheet of such Person and its Subsidiaries
but excluding (a) expenditures financed with (i) the Net Cash Proceeds from any Reinvestment Event or (ii) the proceeds
of a Revolving Loan in the amount of Net Cash Proceeds of any Reinvestment Event that were previously used to reduce the amount of the
Revolving Loans; (b) expenditures made in cash to fund the purchase price for assets acquired in Permitted Acquisitions or incurred
by the Person acquired in the Permitted Acquisition prior to (but not in anticipation of) the closing of such Permitted Acquisition;
and (c) expenditures financed with Indebtedness permitted under Section 6.2.

 

“Capital Lease Obligations”:
as to any Person, the obligations of such Person to pay rent or other amounts under any lease of (or other arrangement conveying the
right to use) real or personal property, or a combination thereof, which obligations are required to be classified and accounted for
as capital leases on a balance sheet of such Person under GAAP, and, for the purposes of this Agreement, the amount of such obligations
at any time shall be the capitalized amount thereof at such time determined in accordance with GAAP.

 

    11

     

    

 

“Capital Stock”:
any and all shares, interests, participations or other equivalents (however designated) of capital stock of a corporation, any and all
equivalent ownership interests in a Person (other than a corporation) and any and all warrants, rights or options to purchase any of
the foregoing, but excluding any debt securities convertible into, or exchangeable for, any of the foregoing.

 

“Capital Stock Equivalents”:
all securities convertible into or exchangeable for Capital Stock or any other Capital Stock Equivalent and all warrants, options or
other rights to purchase, subscribe for or otherwise acquire any Capital Stock or any other Capital Stock Equivalent, whether or not
presently convertible, exchangeable or exercisable.

 

“Cash Management Agreement”:
any agreement to provide cash management services, including treasury, depository (including interstate depository network services),
overdraft, card services (including services related to credit cards, including purchasing and commercial cards, prepaid cards, including
payroll, stored value and gift cards, merchant services processing and debit cards), electronic funds transfer, merchant process services,
supply chain finance, automated clearinghouse transactions, return items, any direct debit scheme or arrangement and other cash management
arrangements.

 

“Cash Management Bank”:
any Person that, (a) at the time it enters into a Cash Management Agreement with the Borrower or any of its Subsidiaries, is a Lender,
the Administrative Agent or an Affiliate of a Lender or the Administrative Agent, in its capacity as a party to such Cash Management
Agreement, and (b) in the case of any Cash Management Agreement entered into prior to, and existing on, the Fourth Amendment Effective
Date, any Person that is, on the Fourth Amendment Effective Date, a Lender or the Administrative Agent or Affiliate of a Lender or the
Administrative Agent, in its capacity as a party to such Cash Management Agreement.

 

“Cash Equivalents”:
(a) marketable direct obligations issued by, or unconditionally guaranteed by, the United States government or issued by any agency
thereof and backed by the full faith and credit of the United States, in each case maturing within one year from the date of acquisition;
(b) certificates of deposit, time deposits, eurodollar time deposits or overnight bank deposits having maturities of six months
or less from the date of acquisition issued by any Lender or by any commercial bank organized under the laws of the United States of
America or any state thereof having combined capital and surplus of not less than $500,000,000; (c) commercial paper of an issuer
rated at least A-2 by S&P or P-2 by Moody’s, or carrying an equivalent rating by a nationally recognized rating agency, if
both of the two named rating agencies cease publishing ratings of commercial paper issuers generally, and maturing within six months
from the date of acquisition; (d) repurchase obligations of any Lender or of any commercial bank satisfying the requirements of
clause (b) of this definition, having a term of not more than 30 days with respect to securities issued or fully guaranteed or insured
by the United States government; (e) securities with maturities of one year or less from the date of acquisition issued or fully
guaranteed by any state, commonwealth or territory of the United States, by any political subdivision or taxing authority of any such
state, commonwealth or territory or by any foreign government, the securities of which state, commonwealth, territory, political subdivision,
taxing authority or foreign government (as the case may be) are rated at least A by S&P or A by Moody’s; (f) securities
with maturities of six months or less from the date of acquisition backed by standby letters of credit issued by any Lender or any commercial
bank satisfying the requirements of clause (b) of this definition; and (g) shares of money market mutual or similar funds which
invest exclusively in assets satisfying the requirements of clauses (a) through (f) of this definition.

 

    12

     

    

 

“Change in Law”:
the occurrence, after the date of this Agreement, of any of the following: (a) the adoption of any law, rule or regulation
or treaty after the date of this Agreement, (b) any change in any law, rule or regulation or treaty or in the administration,
interpretation, implementation or application thereof by any Governmental Authority after the date of this Agreement or (c) compliance
by any Lender or the Issuing Lender (or, for purposes of Section 2.17, by any lending office of such Lender or by such Lender’s
or the Issuing Lender’s holding company, if any) with any request, guideline or directive (whether or not having the force of law)
of any Governmental Authority made or issued after the date of this Agreement; provided that, notwithstanding anything herein
to the contrary, (i) the Dodd-Frank Wall Street Reform and Consumer Protection Act and all requests, rules, guidelines or directives
thereunder or issued in connection therewith and (ii) all requests, rules, guidelines or directives promulgated by the Bank for
International Settlements, the Basel Committee on Banking Supervision (or any successor or similar authority) or the United States or
foreign regulatory authorities, in each case under this clause (ii), pursuant to or in connection with Basel III, shall in each case
be deemed to be a “Change in Law”, regardless of the date enacted, adopted or issued.

 

“Closing Date”:
June 5, 2014.

 

“Co-Documentation
Agents”: as defined in the preamble hereto.

 

“Co-Syndication Agents”:
as defined in the preamble hereto.

 

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

 

“Collateral”:
all Property of the Loan Parties, now owned or hereafter acquired, upon which a Lien is purported to be created by any Security Document.

 

“Collateral Agent”:
as defined in the preamble hereto.

 

“Commitment”:
with respect to any Lender, such Lender’s Tranche A Term Loan Commitment, Tranche B Term Loan Commitment, Tranche B-2 Term Loan
Commitment, Tranche B-3 Term Loan Commitment, Tranche B-4 Term Loan Commitment (including the Fourth Amendment Incremental Term Loan
Commitments), Revolving Credit Commitment or Incremental Term Loan Commitment.

 

“Commitment Fee Rate”:
 1⁄2 of 1.00% per annum.

 

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

 

“Communications”:
as defined in Section 9.2.

 

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

 

    13

     

    

 

“Confidential Information
Memorandum”: the Confidential Information Memorandum of the Borrower dated May 15, 2014.

 

“Consolidated EBITDA”:
of any Person for any period, Consolidated Net Income of such Person and its Subsidiaries for such period plus, without duplication
and to the extent reflected as a charge in the statement of such Consolidated Net Income for such period, the sum of (a) income
tax expense, (b) Consolidated Interest Expense of such Person and its Subsidiaries, amortization or writeoff of debt discount and
debt issuance costs and commissions, discounts and other fees and charges associated with Indebtedness, (c) depreciation and amortization
expense, (d) amortization of intangibles (including, but not limited to, goodwill) and organization costs, (e) any extraordinary,
unusual or non-recurring expenses or losses (including, whether or not otherwise includable as a separate item in the statement of such
Consolidated Net Income for such period, losses on sales of assets outside of the ordinary course of business), (f) the amount of
any non-cash compensation deduction as the result of any potential grant of Capital Stock or Capital Stock Equivalents to employees,
officers, directors or consultants and (g) any other non-cash charges, and minus, to the extent included in the statement
of such Consolidated Net Income for such period, the sum of (a) interest income (except to the extent deducted in determining Consolidated
Interest Expense), (b) any extraordinary, unusual or non-recurring income or gains (including, whether or not otherwise includable
as a separate item in the statement of such Consolidated Net Income for such period, gains on the sales of assets outside of the ordinary
course of business), and (c) any other non-cash income, all as determined on a consolidated basis.

 

“Consolidated Interest
Coverage Ratio”: for any period, the ratio on a Pro Forma Basis of (a) Consolidated EBITDA of the Borrower and its Subsidiaries
for such period to (b) Consolidated Interest Expense of the Borrower and its Subsidiaries for such period payable in cash.

 

“Consolidated Interest
Expense”: of any Person for any period, (a) total interest expense (including that attributable to Capital Lease Obligations)
of such Person and its Subsidiaries for such period with respect to all outstanding Indebtedness of such Person and its Subsidiaries
(including, without limitation, all commissions, discounts and other fees and charges owed by such Person with respect to letters of
credit and bankers’ acceptance financing and net costs of such Person under Hedge Agreements in respect of interest rates to the
extent such net costs are allocable to such period in accordance with GAAP, but excluding any deferred financing costs relating to the
incurrence of any Indebtedness) minus (b) the total interest income of such Person for such period, determined in accordance with
GAAP. Consolidated Interest Expense shall be deemed to include all amounts characterized as of the Closing Date as interest in accordance
with GAAP as in effect on the Closing Date, whether or not such payment is characterized as interest under GAAP thereafter.

 

“Consolidated Leverage
Ratio”: as at the last day of any period of four consecutive Fiscal Quarters, the ratio on a Pro Forma Basis of (a) Consolidated
Total Debt on such day to (b) Consolidated EBITDA of the Borrower and its Subsidiaries for such period.

 

“Consolidated Net
Income”: of any Person for any period, the consolidated net income (or loss) of such Person and its Subsidiaries for such period,
determined on a consolidated basis in accordance with GAAP; provided that in calculating Consolidated Net Income of the Borrower
and its consolidated Subsidiaries for any period, there shall be excluded (a) the income (or deficit) of any Person accrued prior
to the date it becomes a Subsidiary or is merged into or consolidated with the Borrower or any of its Subsidiaries, (b) the income
(or deficit) of any Person (other than a Subsidiary) in which the Borrower or any of its Subsidiaries has an ownership interest, except
to the extent that any such income is actually received by the Borrower or such Subsidiary in the form of dividends or similar distributions
and (c) the undistributed earnings of any Subsidiary to the extent that the declaration or payment of dividends or similar distributions
by such Subsidiary is not at the time permitted by the terms of any Contractual Obligation (other than under any Loan Document, the Senior
Note Indenture, the Senior Notes, the New Senior Note Indenture, the New Senior Notes, or agreements governing other Indebtedness permitted
under Section 6.2 that comply with Section 6.14) or Requirement of Law applicable to such Subsidiary.

 

    14

     

    

 

“Consolidated Senior
Secured Debt”: all Consolidated Total Debt other than any Consolidated Total Debt that is unsecured and/or has been subordinated
to the Obligations pursuant to an agreement reasonably satisfactory to the Administrative Agent.

 

“Consolidated Senior
Secured Leverage Ratio”: as of the last day of any period of four consecutive Fiscal Quarters, the ratio on a Pro Forma Basis
of (a) Consolidated Senior Secured Debt on such day to (b) Consolidated EBITDA of the Borrower and its Subsidiaries for such
period.

 

“Consolidated Total
Assets”: at any date, the total property and assets of Borrower and its Subsidiaries at such date, determined on a consolidated
basis (on a pro forma basis after giving effect to any Permitted Acquisitions or any Investments or dispositions permitted hereunder
or by the other Loan Documents).

 

“Consolidated Total
Debt”: at any date, the aggregate principal amount of all Funded Debt of the Borrower and its Subsidiaries at such date, determined
on a consolidated basis less the aggregate amount of cash and Cash Equivalents of the Borrower and its Subsidiaries at such date
that is not Restricted Cash.

 

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

 

“Control Investment
Affiliate”: as to any Person, any other Person that (a) directly or indirectly, is in control of, is controlled by, or
is under common control with, such Person and (b) is organized by such Person primarily for the purpose of making equity or debt
investments in one or more companies. For purposes of this definition, “control” of a Person means the power, directly or
indirectly, to direct or cause the direction of the management and policies of such Person whether by contract or otherwise.

 

“Covered Entity”
means any of the following:

 

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

 

    15

     

    

 

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

 

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

 

“Credit Agreement
Refinancing Indebtedness”: (a) Permitted Second Priority Refinancing Debt or (b) Permitted Unsecured Refinancing
Debt, 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 or refinance, in whole or part, existing Term Loans (including any successive Credit Agreement
Refinancing Indebtedness) (“Refinanced Debt”); provided that (i) such extending, renewing or refinancing
Indebtedness is in an original aggregate principal amount not greater than the aggregate principal amount of the Refinanced Debt except
by an amount equal to a reasonable premium or other similar amount paid, and fees and expenses reasonably incurred, in connection with
such Refinanced Debt, (ii) such Indebtedness has a later maturity and a Weighted Average Life to Maturity equal to or greater than
the Refinanced Debt and (iii) such Refinanced Debt shall be repaid, defeased or satisfied and discharged, and all accrued interest,
fees and premiums (if any) in connection therewith shall be paid, on the date such Credit Agreement Refinancing Indebtedness is issued,
incurred or obtained.

 

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

 

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

 

“Default Excess”:
means, as at the date of computation thereof with respect to any Defaulting Lender, the sum of the amounts of defaulted Revolving Credit
Loans and defaulted payments of such Lender at such date.

 

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

 

    16

     

    

 

“Defaulting Lender”:
subject to Section 2.31(b), any Lender that (a) has failed to (i) fund all or any portion of its Loans within two Business
Days of the date such Loans were required to be funded hereunder unless such Lender notifies the Administrative Agent and the Borrower
in writing that such failure is the result of such Lender’s determination that one or more conditions precedent to funding (each
of which conditions precedent, together with any applicable default, shall be specifically identified in such writing) has not been satisfied,
or (ii) pay to the Administrative Agent, the Issuing Lender or any other Lender any other amount required to be paid by it hereunder
(including in respect of its participation in Letters of Credit) within two Business Days of the date when due, (b) has notified
the Borrower, the Administrative Agent or the Issuing Lender in writing that it does not intend to comply with its funding obligations
hereunder, or has made a public statement to that effect (unless such writing or public statement relates to such Lender’s obligation
to fund a Loan hereunder and states that such position is based on such Lender’s determination that a condition precedent to funding
(which condition precedent, together with any applicable default, shall be specifically identified in such writing or public statement)
cannot be satisfied), (c) has failed, within three Business Days after written request by the Administrative Agent or the Borrower,
to confirm in writing to the Administrative Agent and the Borrower that it will comply with its prospective funding obligations hereunder
(provided that such Lender shall cease to be a Defaulting Lender pursuant to this clause (c) upon receipt of such written
confirmation by the Administrative Agent and the Borrower), or (d) has, or has a direct or indirect parent company that has, (i) become
the subject of a proceeding under any Debtor Relief Law, (ii) had appointed for it a receiver, custodian, conservator, trustee,
administrator, assignee for the benefit of creditors or similar Person charged with reorganization or liquidation of its business or
assets, including the Federal Deposit Insurance Corporation or any other state or federal regulatory authority acting in such a capacity,
or (iii) become the subject of a Bail-in Action; provided that a Lender shall not be a Defaulting Lender solely by virtue
of the ownership or acquisition of any Capital Stock in that Lender or any direct or indirect parent company thereof by a Governmental
Authority so long as such ownership interest does not result in or provide such Lender with immunity from the jurisdiction of courts
within the United States or from the enforcement of judgments or writs of attachment on its assets or permit such Lender (or such Governmental
Authority) to reject, repudiate, disavow or disaffirm any contracts or agreements made with such Lender. Any determination by the Administrative
Agent that a Lender is a Defaulting Lender under clauses (a) through (d) above (which determination, for the avoidance of doubt,
shall not be required for a Lender to be a Defaulting Lender) shall be conclusive and binding absent manifest error, and such Lender
shall be deemed to be a Defaulting Lender (subject to Section 2.31(b)) upon delivery of written notice of such determination to
the Borrower, the Issuing Lender and each Lender.

 

“Derivatives Counterparty”:
as defined in Section 6.6.

 

“Disposition”:
with respect to any Property, any sale, lease, sale and leaseback, assignment, conveyance, transfer or other disposition thereof; and
the terms “Dispose” and “Disposed of” shall have correlative meanings.

 

“Disqualified Stock”:
any Capital Stock that, by its terms (or by the terms of any security into which it is convertible, or for which it is exchangeable,
in each case, at the option of the holder of such Capital Stock), or upon the happening of any event, matures or is mandatorily redeemable,
pursuant to a sinking fund obligation or otherwise, or redeemable at the option of the holder of such Capital Stock, in whole or in part,
on or prior to the date that is 91 days after the Latest Maturity Date. Notwithstanding the preceding sentence, any Capital Stock that
would constitute Disqualified Stock solely because the holders of such Capital Stock have the right to require the Borrower to repurchase
such Capital Stock upon the occurrence of a change of control or an asset sale will not constitute Disqualified Stock if the terms of
such Capital Stock provide that the Borrower may not repurchase or redeem any such Capital Stock pursuant to such provisions unless such
repurchase or redemption is permitted under Section 6.6.

 

“Dollar Equivalent”:
at any time, as to any amount denominated in an Alternative Currency, the equivalent amount in Dollars as determined on the basis of
the Exchange Rate for the purchase of Dollars with such Alternative Currency as of the most recent Calculation Date.

 

    17

     

    

 

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

 

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

 

“Earliest Term Loan
Maturity Date” means the Tranche B-4 Term Loan Maturity Date or, if applicable, the earliest scheduled maturity date of any
other tranche of Term Loans hereunder.

 

“Early Opt-in Election”
means the occurrence of:

 

(1) (i) a determination
by the Administrative Agent and the Borrower or (ii) a notification by the Required Lenders to the Administrative Agent (with a
copy to the Borrower) that the Required Lenders have determined that U.S. dollar-denominated syndicated credit facilities being executed
at such time, or that include language similar to that contained in Section 2.15, are being executed or amended, as applicable,
to incorporate or adopt a new benchmark interest rate to replace LIBO Rate, and

 

(2) (i) the joint
election by the Administrative Agent and the Borrower or (ii) the election by the Required Lenders to declare that an Early Opt-in
Election has occurred and the provision by the Administrative Agent or the Required Lenders, as applicable, of written notice of such
election to each of the other parties hereto.

 

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

 

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

 

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

 

“Environmental Laws”:
any and all laws, rules, orders, regulations, statutes, ordinances, enforceable guidelines, codes, decrees, or other legally enforceable
requirements (including, without limitation, common law) of any international authority, foreign government, the United States, or any
state, local, municipal or other governmental authority, regulating, relating to or imposing liability or standards of conduct concerning
protection of the environment or of human health, or employee health and safety, as has been, is now, or may at any time hereafter be,
in effect.

 

“Environmental Permits”:
any and all permits, licenses, approvals, registrations, notifications, exemptions and other authorizations required under any Environmental
Law.

 

    18

     

    

 

“ERISA”:
the Employee Retirement Income Security Act of 1974, as amended from time to time, the regulations promulgated thereunder and any successor
statute.

 

“ERISA Affiliate”:
any trade or business (whether or not incorporated) that, together with the Borrower, is treated as a single employer under Sections
414(b), 414(c), 414(m) or 414(o) of the Code, or solely for purposes of Section 302 or 303 of ERISA or Section 412
or 430 of the Code, is treated as a single employer under Section 414 of the Code.

 

“ERISA Event”:
(a) any Reportable Event, (b) the failure of any Plan to meet the minimum funding standard of Section 412 or 430 of the
Code or Section 302 or 303 of ERISA, in each case, whether or not waived, (c) the filing pursuant to Section 412(c) of
the Code or Section 302(c) of ERISA of an application for a waiver of the minimum funding standard with respect to any Plan,
(d) the incurrence by the Borrower or any of its ERISA Affiliates of any liability under Title IV of ERISA with respect to the termination
of any Plan or the withdrawal or partial withdrawal of the Borrower or any of its ERISA Affiliates from any Plan or Multiemployer Plan,
(e) the receipt by the Borrower or any of its ERISA Affiliates from the PBGC or a plan administrator of any notice relating to the
intention to terminate any Plan or Plans or to appoint a trustee to administer any Plan under Sections 4041 and 4042 of ERISA, respectively,
(f) the adoption of any amendment to a Plan that would require the provision of security pursuant to Section 436(f) of
the Code, (g) the receipt by the Borrower or any of its ERISA Affiliates of any notice, or the receipt by any Multiemployer Plan
from the Borrower or any of its ERISA Affiliates of any notice, concerning the imposition of Withdrawal Liability or a determination
that a Multiemployer Plan is, or is expected to be, Insolvent or in Reorganization, or a determination that any Multiemployer Plan
is, or is expected to be, in “critical” or “endangered” status under Section 432 of the Code or Section 305
of ERISA, (h) the occurrence of a “prohibited transaction” (within the meaning of Section 4975 of the Code or Section 406
of ERISA) with respect to which the Borrower or any of the Subsidiaries is a “disqualified person” (within the meaning of
Section 4975 of the Code), a “party in interest” (within the meaning of Section 3(14) of ERISA) or with respect
to which the Borrower or any such Subsidiary could otherwise be liable or (i) any Foreign Benefit Event.

 

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

 

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

 

    19

     

    

 

“Eurodollar Base Rate”:
for any Interest Period as to any Eurodollar Rate Loan, (i) the rate per annum determined by the Administrative Agent to be the
offered rate which appears on the page of the Reuters Screen which displays the London interbank offered rate administered by ICE
Benchmark Administration Limited (such page currently being the LIBOR01 page) (the “LIBO Rate”) for deposits
(for delivery on the first day of such Interest Period) with a term equivalent to such Interest Period in Dollars, determined as of approximately
11:00 a.m. (London, England time), two Business Days prior to the commencement of such Interest Period, or (ii) in the event
the rate referenced in the preceding clause (i) does not appear on such page or service or if such page or service shall
cease to be available, the rate determined by the Administrative Agent to be the offered rate on such other page or other service
which displays the LIBO Rate for deposits (for delivery on the first day of such Interest Period) with a term equivalent to such Interest
Period in Dollars, determined as of approximately 11:00 a.m. (London, England time) two Business Days prior to the commencement
of such Interest Period; (the preceding clauses (i) and (ii), the “LIBO Screen Rate”) provided that if
LIBO Rates are quoted under either of the preceding clauses (i) or (ii), but there is no such quotation for the Interest Period
elected, the LIBO Rate shall be equal to the Interpolated Rate; provided that if any of the rates set forth above shall be less than
zero percent per annum, such rate shall be deemed to be zero percent per annum for purposes of this Agreement. For purposes of this definition
(i) “Interpolated Rate” means in relation to the LIBO Rate, the rate which results from interpolating on a linear
basis between: (a) the applicable LIBO Rate for the longest period (for which that LIBO Rate is available) which is less than the
Interest Period of that Loan; and (b) the applicable LIBO Rate for the shortest period (for which that LIBO Rate is available) which
exceeds the Interest Period of that Loan, each as of approximately 11:00 a.m. (London, England time) two Business Days prior to
the commencement of such Interest Period of that Loan; and (ii) “Federal Funds Effective Rate” means for any
day, the rate calculated by the Federal Reserve Bank of New York based on such day's federal funds transactions by depository institutions
(as determined in such manner as the Federal Reserve Bank of New York shall set forth on its public website from time to time) and published
on the next succeeding Business Day by the Federal Reserve Bank of New York as the federal funds effective rate; provided further
that in no event shall the LIBO Rate be less than zero.

 

“Eurodollar Loans”:
Loans the rate of interest applicable to which is based upon the Eurodollar Rate.

 

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

 

	Eurodollar Base Rate	 
	1.00-
    Eurocurrency Reserve Requirements

 

provided that the Eurodollar
Rate shall not be less than 0.00% per annum.

 

“Eurodollar Tranche”:
the collective reference to Eurodollar Loans the then current Interest Periods with respect to all of which begin on the same date and
end on the same later date (whether or not such Eurodollar Loans shall originally have been made on the same day).

 

“Event of Default”:
any of the events specified in Section 7, provided that any requirement for the giving of notice, the lapse of time, or both,
has been satisfied.

 

“Excess Cash Flow”:
for any Fiscal Quarter or fiscal year of the Borrower (a) Consolidated EBITDA for such period (provided that, for the purpose
of this definition, Consolidated EBITDA shall not be calculated on a Pro Forma Basis), minus (b) the sum, without duplication,
of (i) the amount of any Taxes imposed by any Governmental Authority payable in cash by the Borrower and its Subsidiaries with respect
to such period (including payment of withholding taxes on behalf of employees in connection with equity compensation awards of Capital
Stock or Capital Stock Equivalents), (ii) Consolidated Interest Expense for such period paid in cash, (iii) Capital Expenditures
made in cash during such period and (iv) mandatory amortization payments pursuant to Sections 2.3(a) and 2.3(c) made in
cash by the Borrower and its Subsidiaries during such period.

 

    20

     

    

 

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

 

“Exchange Rate”:
on any day, with respect to any Alternative Currency, the spot rate at which Dollars are offered on such day by the Foreign Currency
L/C Issuing Lender in New York, New York (or such other location selected by the Foreign Currency L/C Issuing Lender) for such Alternative
Currency.

 

“Excluded Issuance”:
an issuance and sale of Capital Stock (other than Disqualified Stock) of the Borrower to any of its equity holders.

 

“Excluded Lender”:
(a) each person set forth on Schedule 1.1(a) and (b) any other person and their respective Controlled Investment Affiliates
named by the Borrower, in good faith, which is engaged in the same or similar line of business as the Borrower or any of its Subsidiaries
and in each case designated by name by the Borrower as such from time to time after the Closing Date in a certificate duly executed by
a Responsible Officer of Borrower (in each case other than the Arrangers and their respective affiliates and any Bona Fide Lending Entity).
Any supplement to such list of Excluded Lenders pursuant to clause (b) above will become effective two (2) Business Days after
delivery to the Administrative Agent and shall be posted to the Lenders as a supplement to Schedule 1.1(a). In no event shall a supplement
apply retroactively to disqualify any Lender as of the date of such supplement who has previously acquired an interest in the Loans or
Commitments, but upon the effectiveness of such designation, any such Lender may not acquire any additional Loans or Commitments or participations
in Loans or Commitments.

 

“Excluded Swap Obligation”:
with respect to any Guarantor, (x) as it relates to all or a portion of the Guarantee of such Guarantor, any Swap Obligation if,
and to the extent that, such Swap Obligation (or any Guarantee thereof) is or becomes illegal under the Commodity Exchange Act or any
rule, regulation or order of the Commodity Futures Trading Commission (or the application or official interpretation of any thereof)
by virtue of such Guarantor’s failure for any reason to constitute an “eligible contract participant” as defined in
the Commodity Exchange Act and the regulations thereunder at the time the Guarantee of such Guarantor becomes effective with respect
to such Swap Obligation or (y) as it relates to all or a portion of the grant by such Guarantor of a security interest, any Swap
Obligation if, and to the extent that, such Swap Obligation (or such security interest in respect 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 and the regulations thereunder at the time the security interest of such
Guarantor becomes effective with respect to such Swap Obligation. If a Swap Obligation arises under a master agreement governing more
than one swap, such exclusion shall apply only to the portion of such Swap Obligation that is attributable to swaps for which such Guarantee
or security interest is or becomes illegal.

 

    21

     

    

 

“Excluded Taxes”:
with respect to the Administrative Agent, any Lender, the Issuing Lender or any other recipient of any payment to be made by or on account
of any obligation of the Borrower hereunder, (a) income or franchise taxes imposed on (or measured by) its net income by the United
States of America, or by the jurisdiction under the laws of which such recipient is organized or in which its principal office is located
or, in the case of any Lender, in which its applicable lending office is located, or as a result of a present or former connection between
the Administrative Agent, any Lender or the Issuing Lender, as applicable, and the jurisdiction imposing such tax (other than a connection
arising by reason of such Person having executed, delivered, become a party to, performed its obligations under, received payments under,
received or perfected a security interest under, engaged in any other transaction pursuant to or enforced its rights under, or sold or
assigned an interest in this Agreement or any other Loan Document), (b) any branch profits taxes imposed by the United States of
America or any similar tax imposed by any other jurisdiction described in clause (a) above, (c) any backup withholding
tax that is required by the Code to be withheld from amounts payable to a Lender as a result of such Lender’s failure to comply
with Section 2.18(e)(ii) hereof, (d) in the case of a Foreign Lender (other than an assignee pursuant to a request by
the Borrower under Section 2.22), any U.S. federal withholding tax that is imposed on amounts payable to such Foreign Lender under
laws in effect at the time such Foreign Lender becomes a party to this Agreement (or designates a new lending office) or is attributable
to such Foreign Lender’s failure to comply with Section 2.18(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 the Borrower
with respect to such withholding tax pursuant to Section 2.18(a) and (e) any U.S. federal withholding Taxes imposed under
FATCA.

 

“Existing Issuing
Lender”: Bank of America, as issuer of the Existing Letters of Credit.

 

“Existing Letters
of Credit”: the letters of credit described in Schedule II of the Fourth Amendment.

 

“Existing Senior Notes
Due 2021”: as defined in the Recitals.

 

“Existing Tranche”:
as defined in Section 9.21(a).

 

“Extended Revolving
Credit Commitment”: as defined in Section 9.21(b).

 

“Extended Term Loans”:
as defined in Section 9.21(a).

 

“Extending Term Lender”:
as defined in Section 9.21(a).

 

“Extension”:
as defined in Section 9.21(b).

 

“Extension Election”:
as defined in Section 9.21(a).

 

    22

     

    

 

“Facility”:
each of (a) the Tranche A Term Loan Commitments and the Tranche A Term Loans made thereunder (the “Tranche A Term Loan
Facility”), (b) the Tranche B Term Loan Commitments and the Tranche B Term Loans made thereunder (the “Tranche
B Term Loan Facility”), (c) the Tranche B-2 Term Loan Commitments and the Tranche B-2 Term Loans made thereunder (the
 “Tranche B-2 Term Loan Facility”), (d) the Tranche B-3 Term Loan Commitments and the Tranche B-3 Term Loans made
thereunder (the “Tranche B-3 Term Loan Facility”), (e) the Tranche B-4 Term Loan Commitments and the Tranche
B-4 Term Loans made thereunder (the “Tranche B-4 Term Loan Facility”), (f) the Revolving Credit Commitments and
the extensions of credit made thereunder (the “Revolving Credit Facility”) and (g) the extensions of credit made
under any other separate tranche of Loans or Commitments hereunder consisting of (i) Extended Term Loans converted from existing
Term Loans, (ii) any new tranche of Revolving Credit Commitments established as a result of Revolving Extension Notices or (iii) Incremental
Term Loans as provided in Section 2.32.

 

“Fair Market Value”:
the value that would be paid by a willing buyer to an unaffiliated willing seller in a transaction not involving distress or necessity
of either party, determined in good faith by the board of directors of the Borrower.

 

“FATCA”:
Sections 1471 through 1474 of the Code (as of the Closing Date), any regulations or other official interpretations thereof and shall
also include any amended or successor versions of such legislation that are substantively comparable and that contain requirements to
avoid withholding which are not materially more onerous than the requirements to avoid withholding under the current legislation (and
any future regulations and official interpretations), any agreements entered into pursuant to Section 1471(b)(1) of the Code,
any intergovernmental agreement between a non-U.S. jurisdiction and the United States of America with respect to the foregoing and any
law, regulation or practice adopted pursuant to any such intergovernmental agreement.

 

“FCPA”:
United States Foreign Corrupt Practices Act of 1977, as amended.

 

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

 

“Federal Reserve Bank
of New York’s Website”: means the website of the Federal Reserve Bank of New York at http://www.newyorkfed.org, or any
successor source.

 

“Fifth
Amendment”: that certain Fifth Amendment to Credit Agreement, dated as of June 28, 2022, by and among the Borrower, the Subsidiary
Guarantors, the Lenders party thereto, the Administrative Agent and the Collateral Agent.

 

“Fifth
Amendment Effective Date”: as defined in the Fifth Amendment.

 

    23

     

    

 

“First Amendment”:
that certain First Amendment to Credit Agreement, dated as of March 30, 2017, by and among the Borrower, the Lenders party thereto,
the Administrative Agent and the Collateral Agent.

 

“First Amendment Effective
Date”: as defined in the First Amendment.

 

“Fiscal Quarter”:
a fiscal quarter of any fiscal year of the Borrower.

 

“Foreign Benefit Event”:
with respect to any Foreign Pension Plan, (a) the existence of unfunded liabilities in excess of the amount permitted under any
applicable law, or in excess of the amount that would be permitted absent a waiver from a Governmental Authority, or (b) the failure
to make the required contributions or payments, under any applicable law, on or before the due date for such contributions or payments.

 

“Foreign Currency
L/C Issuing Lender”: with respect to any Permitted Foreign Currency Letters of Credit, the issuer thereof that, at the time
such Permitted Foreign Currency Letter of Credit was issued, was the Issuing Lender hereunder.

 

“Foreign Lender”:
any Lender that is not a “United States person” as defined in Section 7701(a)(30) of the Code.

 

“Foreign Pension Plan”:
any employee benefit plan that would be a Plan but for the fact that such employee benefit plan is maintained outside of the United States
(but excluding any plan, program or arrangement maintained or mandated by a Governmental Authority).

 

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

 

“Foreign Subsidiary
Holding Company”: any Domestic Subsidiary of the Borrower that wholly-owns the stock of one or more Foreign Subsidiaries and
which is disregarded for United States federal income tax purposes as an entity that is separate from its owner but only so long as such
Subsidiary has no assets other than the stock of one or more Foreign Subsidiaries and de minimis other assets.

 

“Fourth Amendment”:
that certain Fourth Amendment to Credit Agreement, dated as of December 16, 2020, by and among the Borrower, the Subsidiary Guarantors,
the Lenders party thereto, the Administrative Agent and the Collateral Agent.

 

“Fourth Amendment
Effective Date”: as defined in the Fourth Amendment.

 

“Fourth Amendment
Facilities”: the Fourth Amendment Incremental Term Loan Facility and the Fourth Amendment Revolving Credit Facility, each as
defined in the Fourth Amendment.

 

“Fourth Amendment
Incremental Term Loan Commitment”: as defined in the Fourth Amendment.

 

    24

     

    

 

“Fourth Amendment
Incremental Term Loan Lender”: any Lender with a Fourth Amendment Incremental Term Loan Commitment or an outstanding Fourth
Amendment Incremental Term Loan.

 

“Fourth Amendment Incremental Term Loans”:
the term loans made by the Fourth Amendment Incremental Term Loan Lender to the Borrower pursuant to the Fourth Amendment.

 

“Fronting Exposure”:
at any time there is a Defaulting Lender, with respect to the Issuing Lender, such Defaulting Lender’s Revolving Credit Percentage
of the L/C Obligations with respect to Letters of Credit issued by the Issuing Lender 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.

 

“Funded Debt”:
as to any Person, all Indebtedness of such Person of the types described in clauses (a) through (e) of the definition of “Indebtedness”
in this Section.

 

“Funding Office”:
the office specified from time to time by the Administrative Agent as its funding office by notice to the Borrower and the Lenders.

 

“GAAP”:
generally accepted accounting principles in the United States of America as in effect from time to time, except that for purposes of
Section 6.1, GAAP shall be determined on the basis of such principles in effect on the Closing Date and consistent with those used
in the preparation of the most recent audited financial statements referred to in Section 3.1(b).

 

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

 

“Guarantee and Collateral
Agreement”: the Guarantee and Collateral Agreement, dated as of June 5, 2014, by and among the Borrower and the other
Grantors (as defined therein) in favor of the Collateral Agent, as the same may be amended, restated, amended and restated, supplemented
or otherwise modified from time to time.

 

“Guarantee Obligation”:
as to any Person (the “guaranteeing person”), any obligation of (a) the guaranteeing person or (b) another
Person (including, without limitation, any bank under any letter of credit), if to induce the creation of such obligation of such other
Person the guaranteeing person has issued a reimbursement, counterindemnity or similar obligation, in either case guaranteeing or in
effect guaranteeing any Indebtedness, leases, dividends or other obligations (the “primary obligations”) of any other
third Person (the “primary obligor”) in any manner, whether directly or indirectly, including, without limitation,
any obligation of the guaranteeing person, whether or not contingent, (i) to purchase any such primary obligation or any Property
constituting direct or indirect security therefor, (ii) to advance or supply funds (1) for the purchase or payment of any such
primary obligation or (2) to maintain working capital or equity capital of the primary obligor or otherwise to maintain the net
worth or solvency of the primary obligor, (iii) to purchase Property, securities or services primarily for the purpose of assuring
the owner of any such primary obligation of the ability of the primary obligor to make payment of such primary obligation or (iv) otherwise
to assure or hold harmless the owner of any such primary obligation against loss in respect thereof; provided, however,
that the term Guarantee Obligation shall not include endorsements of instruments for deposit or collection in the ordinary course of
business or customary and reasonable indemnity obligations in effect on the Closing Date or entered into in connection with any acquisition
or disposition of assets permitted under this Agreement. The amount of any Guarantee Obligation of any guaranteeing person shall be deemed
to be the lower of (a) an amount equal to the stated or determinable amount of the primary obligation in respect of which such Guarantee
Obligation is made and (b) the maximum amount for which such guaranteeing person may be liable pursuant to the terms of the instrument
embodying such Guarantee Obligation, unless such primary obligation and the maximum amount for which such guaranteeing person may be
liable are not stated or determinable, in which case the amount of such Guarantee Obligation shall be such guaranteeing person’s
maximum reasonably anticipated liability in respect thereof as determined by the Borrower in good faith.

 

    25

     

    

 

“Hedge Agreements”: with respect
to any Person or its Subsidiaries, all interest rate or currency swaps, caps or collar agreements or similar arrangements entered into
by such Person or its Subsidiaries providing for protection against fluctuations in interest rates or currency exchange rates or the
exchange of nominal interest obligations, either generally or under specific contingencies.

 

“Hedging Obligations”:
with respect to any specified Person, the obligations of such Person under Hedge Agreements.

 

“Highest Lawful Rate”:
the maximum lawful interest rate, if any, that at any time or from time to time may be contracted for, charged, or received under the
laws applicable to any Lender which are presently in effect or, to the extent allowed by law, under such applicable laws which may hereafter
be in effect and which allow a higher maximum nonusurious interest rate than applicable laws now allow.

 

“Incremental Assumption
Agreement”: the Fourth Amendment and any other Incremental Assumption Agreement among, and in form and substance reasonably
satisfactory to, the Borrower, the Administrative Agent and one or more Incremental Term Lenders or Incremental Revolving Lenders, as
applicable.

 

“Incremental Revolving
Commitment”: the Fourth Amendment Incremental Revolving Credit Commitments and any other commitment of any Lender, established
pursuant to Section 2.32, to make Incremental Revolving Loans to the Borrower.

 

“Incremental Revolving
Lender”: a Lender with an Incremental Revolving Commitment or an outstanding Incremental Revolving Loan.

 

“Incremental Revolving
Loans”: revolving loans made by one or more Lenders to the Borrower pursuant to Section 2.4(b).

 

“Incremental Term
Borrowing”: a Borrowing comprised of Incremental Term Loans.

 

    26

     

    

 

“Incremental Term
Lender”: a Lender with an Incremental Term Loan Commitment or an outstanding Incremental Term Loan.

 

“Incremental Term Loan Commitment”:
the Fourth Amendment Incremental Term Loan Commitments and any other commitment of any Lender, established pursuant to Section 2.32,
to make Incremental Term Loans to the Borrower.

 

“Incremental Term
Loan Maturity Date”: the final maturity date of any Incremental Term Loan, as set forth in the applicable Incremental Assumption
Agreement.

 

“Incremental Term
Loan Repayment Dates”: the dates scheduled for the repayment of principal of any Incremental Term Loan, as set forth in the
applicable Incremental Assumption Agreement.

 

“Incremental Term
Loans”: the Fourth Amendment Incremental Term Loans and any other term loans made by one or more Lenders to the Borrower pursuant
to Section 2.1(d). Incremental Term Loans may be made in the form of additional Tranche A Term Loans, additional Tranche B-2 Term
Loans, additional Tranche B-3 Term Loans, additional Tranche B-4 Term Loans or, to the extent permitted by Section 2.32 and provided
for in the relevant Incremental Assumption Agreement, Other Term Loans.

 

“Indebtedness”:
of any Person at any date, without duplication, (a) all indebtedness of such Person for borrowed money, (b) all obligations
of such Person for the deferred purchase price of Property or services (other than an accrued expense, trade payables or any similar
obligation to trade creditors incurred in the ordinary course of such Person’s business), (c) all obligations of such Person
evidenced by notes, bonds, debentures or other similar instruments, (d) all indebtedness created or arising under any conditional
sale or other title retention agreement with respect to Property acquired by such Person (even though the rights and remedies of the
seller or lender under such agreement in the event of default are limited to repossession or sale of such Property), (e) all Capital
Lease Obligations of such Person, (f) all obligations of such Person, contingent or otherwise, as an account party or applicant
under acceptance, letter of credit or similar facilities, (g) all obligations of such Person, contingent or otherwise, to purchase,
redeem, retire or otherwise acquire for value any Capital Stock of such Person (other than pursuant to clause (k) of this definition),
(h) all Guarantee Obligations of such Person in respect of obligations of the kind referred to in clauses (a) through (g) above;
(i) all obligations of the kind referred to in clauses (a) through (h) above secured by (or for which the holder of such
obligation has an existing right, contingent or otherwise, to be secured by) any Lien on Property (including, without limitation, accounts
and contract rights) owned by such Person, whether or not such Person has assumed or become liable for the payment of such obligation
(provided that, if such Person has not assumed or become liable for the payment of such obligation, the amount of Indebtedness
constituted by such obligation shall be deemed to be the lesser of (i) the stated amount thereof or (ii) the Fair Market Value
of the Property encumbered by such Lien), (j) for the purposes of Section 7(e) only, all Hedging Obligations of such Person
and (k) the liquidation value of any preferred Capital Stock of such Person or its Subsidiaries held by any Person other than such
Person and its Wholly Owned Subsidiaries if such preferred Capital Stock is mandatorily redeemable prior to the date which is 91 days
after the final payment is due on the Tranche B-4 Term Loans.

 

    27

     

    

 

“Indemnified Liabilities”:
as defined in Section 9.5.

 

“Indemnified Taxes”: Taxes other
than Excluded Taxes.

 

“Indemnitee”:
as defined in Section 9.5.

 

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

 

“Insolvent”:
pertaining to a condition of Insolvency.

 

“Intellectual Property”:
the collective reference to all rights, priorities and privileges relating to intellectual property, whether arising under United States,
multinational or foreign laws or otherwise, including, without limitation, copyrights, copyright licenses, patents, patent licenses,
trademarks, trademark licenses, technology, know-how and processes, and all rights to sue at law or in equity for any infringement or
other impairment thereof, including the right to receive all proceeds and damages therefrom.

 

“Interest Payment
Date”: (a) as to any Base Rate Loan, the last Business Day of each March, June, September and December to occur
while such Base Rate Loan is outstanding and the final maturity date of such Base Rate Loan, (b) as to any Eurodollar Loan having
an Interest Period of three months or less, the last Business Day of such Interest Period, (c) as to any Eurodollar Loan having
an Interest Period longer than three months, each day which is three months, or a whole multiple thereof, after the first day of such
Interest Period and the last Business Day of such Interest Period and (d) as to any Eurodollar Loan or any Base Rate Loan that is
a Term Loan, the date of any repayment or prepayment made in respect thereof.

 

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

 

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

 

any Interest Period that would
otherwise extend beyond the Revolving Credit Termination Date or beyond the date final payment is due on the Tranche B-4 Term Loans,
any other Term Loans, as the case may be, shall end on the Revolving Credit Termination Date, the Tranche B-4 Term Loan Maturity Date
or the Latest Maturity Date, as applicable; and

 

    28

     

    

 

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

 

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

 

“Investments”:
as defined in Section 6.8.

 

“Issuing Lender”:
the Existing Issuing Lender and any other Lender selected by the Borrower, with the consent of such Lender and the Administrative Agent,
to act as Issuing Lender, in its capacity as issuer of any Letter of Credit.

 

“L/C Commitment”:
$50,000,000.

 

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

 

“L/C Fee Payment Date”:
the last Business Day of each March, June, September and December and the last day of the Revolving Credit Commitment Period.

 

“L/C Obligations”:
at any time, an amount equal to the sum of (a) the aggregate then undrawn and unexpired amount of the then outstanding Letters of
Credit and (b) the aggregate amount of L/C Disbursements that have not then been reimbursed pursuant to Section 2.27. The L/C
Obligations of any Revolving Credit Lender at any time shall equal its Revolving Credit Percentage of the aggregate L/C Obligations at
such time.

 

“L/C Participants”:
the collective reference to all the Revolving Credit Lenders other than the relevant Issuing Lender.

 

“Latest Maturity Date”:
at any date of determination, the latest maturity or expiration date applicable to any Loan or Commitment hereunder at such time, including
the latest maturity or expiration date of any Incremental Term Loan, Other Term Loan, Extended Term Loan or Extended Revolving Credit
Commitment, in each case as extended in accordance with this Agreement from time to time.

 

“Lenders”:
each Revolving Credit Lender, each Tranche A Term Loan Lender, each Tranche B Term Loan Lender, each Tranche B-2 Term Loan Lender, each
Tranche B-3 Term Loan Lender, each Tranche B-4 Term Loan Lender (including each Fourth Amendment Incremental Term Loan Lender) and each
other bank, financial institution or other entity from time to time party to this Agreement as a Lender.

 

“Letters of Credit”:
as defined in Section 2.23(a).

 

“LIBO Screen Rate”:
as defined in the definition of “Eurodollar Base Rate” in this Section 1.1.

 

    29

     

    

 

“Lien”:
any mortgage, pledge, hypothecation, assignment, deposit arrangement, encumbrance, lien (statutory or other), charge or other security
interest or any preference, priority or other security agreement or preferential arrangement of any kind or nature whatsoever (including,
without limitation, any conditional sale or other title retention agreement and any capital lease having substantially the same economic
effect as any of the foregoing).

 

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

 

“Loan Documents”:
this Agreement, the Applications, the Security Documents, the Amendment Agreement, each Incremental Assumption Agreement, the Notes,
the First Amendment, the Second Amendment, the Third Amendment, the Fourth Amendment and all other documents, instruments or agreements
designated therein as “Loan Documents” and executed and delivered by a Loan Party for the benefit of any Agent, the Issuing
Lender or any Lender in connection herewith on or after the Closing Date, in each case, as the same may be amended, restated, amended
and restated, supplemented or otherwise modified from time to time.

 

“Loan Modification
Offer”: as defined in Section 9.21(a).

 

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

 

“Majority Facility
Lenders”: (a) with respect to the Tranche A Term Loan Facility, the holders of more than 50% of the aggregate unpaid principal
amount of the Tranche A Term Loans outstanding, (b) with respect to the Tranche B Term Loan Facility, the holders of more than 50%
of the aggregate unpaid principal amount of the Tranche B Term Loans outstanding , (c) with respect to the Tranche B-2 Term Loan
Facility, the holders of more than 50% of the aggregate unpaid principal amount of the Tranche B-2 Term Loans outstanding, (d) with
respect to the Tranche B-3 Term Loan Facility, the holders of more than 50% of the aggregate unpaid principal amount of the Tranche B-3
Term Loans outstanding, (e) with respect to the Tranche B-4 Term Loan Facility, the holders of more than 50% of the aggregate unpaid
principal amount of the Tranche B-4 Term Loans outstanding, and (f) with respect to the Revolving Credit Facility, prior to any
termination of the Revolving Credit Commitments, the holders of more than 50% of the Total Revolving Credit Commitments and thereafter,
of the Total Revolving Extensions of Credit.

 

“Material Adverse
Effect”: a material adverse effect on (i) the business, assets, property or financial condition of the Borrower and its
Subsidiaries taken as a whole or (ii) the validity or enforceability of this Agreement or any of the other Loan Documents or the
rights or remedies of the Administrative Agent or the Lenders hereunder or thereunder.

 

“Material Environmental
Amount”: an amount or amounts payable by the Borrower and/or any of its Subsidiaries, in the aggregate in excess of $5,000,000
in respect of any one occurrence, for: costs to comply with any Environmental Law; costs of any investigation, and any remediation, of
any Material of Environmental Concern; and compensatory damages (including, without limitation damages to natural resources), punitive
damages, fines, and penalties pursuant to any Environmental Law.

 

“Materials of Environmental
Concern”: any gasoline or petroleum (including crude oil or any fraction thereof) or petroleum products, polychlorinated biphenyls,
urea-formaldehyde insulation, asbestos, pollutants, contaminants, radioactivity, and any other substances or forces of any kind, whether
or not any such substance or force is defined as hazardous or toxic under any Environmental Law, that is regulated pursuant to or could
reasonably be expected to give rise to liability under any Environmental Law.

 

    30

     

    

 

“Minimum Collateral
Amount”: at any time, (a) with respect to cash collateral consisting of cash or deposit account balances, an amount equal
to 105% of the Fronting Exposure of the Issuing Lender with respect to Letters of Credit issued by the Issuing Lender and outstanding
at such time and (b) for purposes of Section 2.31, an amount reasonably determined by the Administrative Agent and the Issuing
Lender; provided that such amount does not exceed the amount set forth in clause (a) hereof.

 

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

 

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

 

“Net Cash Proceeds”:
(a)  in connection with any Asset Sale or any Recovery Event, the proceeds thereof in the form of cash and Cash Equivalents (including
any such proceeds received by way of deferred payment of principal pursuant to a note or installment receivable or purchase price adjustment
receivable or otherwise, but only as and when received) of such Asset Sale or Recovery Event, net of reasonable and customary attorneys’
fees, accountants’ fees, investment banking fees, amounts required to be applied to the repayment of Indebtedness secured by a
Lien expressly permitted hereunder on any asset which is the subject of such Asset Sale or Recovery Event (other than any Lien pursuant
to a Security Document) and other reasonable and customary fees and expenses actually incurred in connection therewith and net of taxes
paid or reasonably estimated to be payable as a result thereof, and (b) in connection with any issuance or sale of debt or equity
securities or instruments or the incurrence of loans, the cash proceeds received from such issuance or incurrence, net of attorneys’
fees, investment banking fees, accountants’ fees, underwriting discounts and commissions and other customary fees and expenses
actually incurred in connection therewith.

 

“New Senior Notes”:
the senior notes of the Borrower issued from time to time pursuant to the New Senior Note Indenture.

 

“New Senior Notes
Indenture”: the Base Indenture, dated as of June 4, 2013, entered into by the Borrower and The Bank of New York Mellon
Trust Company, N.A., as trustee, the Supplemental Indenture entered into on April 3, 2017 by the Borrower, the “Guarantors”
under and as defined therein and The Bank of New York Mellon Trust Company N.A., as trustee, and the Tenth Supplemental Indenture, dated
as of September 26, 2019, by the Borrower, the “Guarantors” under and as defined therein and The Bank of New York Mellon
Trust Company N.A., as trustee, in each case in connection with the issuance of the New Senior Notes, together with all instruments and
other agreements entered into by the Borrower or such Subsidiaries in connection therewith, as the same may be amended, supplemented
or otherwise modified from time to time in accordance with Section 6.9.

 

“Non-Defaulting Lender”:
as defined in Section 2.31(a)(ii).

 

    31

     

    

 

“Notes”:
the collective reference to each promissory note, if any, evidencing Loans.

 

“Obligations”:
the unpaid principal of and interest on (including, without limitation, interest accruing after the maturity of the Loans and Reimbursement
Obligations and interest accruing after the filing of any petition in bankruptcy, or the commencement of any insolvency, reorganization
or like proceeding, relating to any Loan Party, whether or not a claim for post-filing or post-petition interest is allowed in such proceeding)
the Loans, the Reimbursement Obligations, Specified Cash Management Agreements, payments for early termination of Specified Hedge Agreements
and all other obligations and liabilities of the Loan Parties to any Agent, any Arranger, the Issuing Lender, any Co-Syndication Agent,
the Co-Documentation Agents, any Lender, any Qualified Counterparty, any Cash Management Bank or any Foreign Currency L/C Issuing Lender,
whether direct or indirect, absolute or contingent, due or to become due, or now existing or hereafter incurred, which may arise under,
out of, or in connection with, this Agreement, any other Loan Document, the Letters of Credit, any Specified Cash Management Agreement,
any Specified Hedge Agreement, any Permitted Foreign Currency Letters of Credit or any other document made, delivered or given in connection
herewith or therewith, whether on account of principal, interest, reimbursement obligations, fees, indemnities, costs, expenses (including,
without limitation, all fees, charges and disbursements of counsel to the Agents, the Arrangers, the Issuing Lender, the Co-Syndication
Agents, the Co-Documentation Agents and the Lenders that are required to be paid by the Borrower pursuant hereto) or otherwise; provided
that (i) obligations of the Borrower or any Subsidiary under any Specified Cash Management Agreement, Specified Hedge Agreement
or in respect of any Permitted Foreign Currency Letter of Credit shall be secured and guaranteed pursuant to the Security Documents only
to the extent that, and for so long as, the other Obligations are so secured and guaranteed, (ii) any release of Collateral or Subsidiary
Guarantors or any waiver or modification of any other provision in the Loan Documents regarding the Collateral effected in accordance
with Section 9.15 shall not require the consent of holders of obligations under Specified Cash Management Agreement, Specified Hedge
Agreements or in respect of Permitted Foreign Currency Letters of Credit and (iii) the “Obligations” shall exclude any
Excluded Swap Obligations.

 

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

 

“OID”: as
defined in Section 2.32(b).

 

“Original Closing
Date”: November 30, 2011.

 

“Other Taxes”:
any and all present or future stamp or documentary Taxes or any other excise or property Taxes, charges or similar levies arising from
any payment made hereunder or from the execution, delivery or enforcement of, or otherwise with respect to, this Agreement or any other
Loan Document, excluding any such Taxes resulting from an assignment by any Lender pursuant to Section 9.6 hereof.

 

“Other Term Loans”:
as defined in Section 2.32(a).

 

“Participant”:
as defined in Section 9.6(b).

 

“Participant Register”:
as defined in Section 9.6(b).

 

    32

     

    

 

“Payment Office”:
the office specified from time to time by the Administrative Agent as its payment office by notice to the Borrower and the Lenders.

 

“PBGC”:
the Pension Benefit Guaranty Corporation referred to and defined in ERISA or any successor statute.

 

“Permitted Acquisition”:
any acquisition by the Borrower or any of its Subsidiaries of all of the Capital Stock of, or all or substantially all of the assets
constituting a business unit of, any other Person so long as, with respect to any such acquisition having aggregate consideration in
excess of $100,000,000, the following conditions are satisfied:

 

(a)            either
(i) no Default or Event of Default shall have occurred and be continuing or would result from such acquisition or (ii) if the
Lenders providing an Incremental Term Loan or Incremental Revolving Loan to finance a Permitted Acquisition have agreed to a “funds
certain” provision, then no Default or Event of Default shall have occurred and be continuing under Section 7(a) or
(f);

 

(b)           the
Borrower shall be in compliance with the financial covenants set forth in Section 6.1, after giving pro forma effect to such
acquisition as if it had occurred on the first day of the respective periods measured by such covenants;

 

(c)            the
target of such acquisition shall be in the same or a similar line of business as the Borrower and its Subsidiaries;

 

(d)            [Reserved];

 

(e)           the
Borrower shall have performed reasonable and customary due diligence with respect to such acquisition and the target thereof, including
with respect to environmental matters;

 

(f)            the
Borrower and/or the applicable Subsidiary shall have obtained all material third party consents and approvals required in connection
with such acquisition;

 

(g)            [Reserved];

 

(h)            the
Borrower shall have reasonably determined that it has adequate liquidity available for working capital; and

 

(i)            with
respect to any such acquisition having aggregate consideration in excess of $250,000,000, substantially all of the assets so acquired
are located in the United States, Canada, Mexico or any member state of the European Union or if such acquisition is structured as a
purchase of stock, the Person so acquired is organized under the laws of a state of the United States, Canada, Mexico and member states
of the European Union and substantially all of the assets owned by such Person are located in the United States, Canada, Mexico or any
member state of the European Union; provided that (i) the Borrower may acquire the stock of a Person organized under the
laws of a state of the United States whose assets are located, in whole or in part, in Puerto Rico, Canada, Mexico or any member state
of the European Union, if such Person becomes a Subsidiary Guarantor and grants a security interest in its assets as contemplated by
Section 5.9 and (ii) the Borrower may acquire the stock of any Person organized under the laws of any jurisdiction other than
the United States, Canada, Mexico or any member state of the European Union, so long as the aggregate amount of Investments made pursuant
to this clause (ii), together with Investments made as permitted by Section 6.8(o), does not exceed an amount equal to the sum of
(A) $200,000,000 plus (B) the amount of proceeds received as consideration for such Permitted Acquisition from Excluded
Issuances after the Closing Date less the proceeds of any such Excluded Issuances that have been used after the Closing Date to make
Investments pursuant to Section 6.8(o) or to finance any other Permitted Acquisition.

 

    33

     

    

 

“Permitted Foreign
Currency Letter of Credit”: any letter of credit denominated in a currency other than Dollars issued to the Borrower by the
Foreign Currency L/C Issuing Lender. For the avoidance of doubt, no Permitted Foreign Currency Letter of Credit shall be a Letter of
Credit for any purpose under the Loan Documents.

 

“Permitted Second
Priority Refinancing Debt”: secured Indebtedness incurred by the Borrower in the form of one or more series of second lien
secured notes or second lien secured loans; provided that (i) such Indebtedness is secured by the Collateral on a second
lien, subordinated basis to the Obligations and is not secured by any property or assets of the Borrower or any of its Subsidiaries other
than the Collateral, (ii) such Indebtedness constitutes Credit Agreement Refinancing Indebtedness in respect of Term Loans, (iii) such
Indebtedness does not mature or have scheduled amortization or payments of principal prior to the date that is 91 days after the Latest
Maturity Date at the time such Indebtedness is incurred, (iv) the security agreements relating to such Indebtedness are substantially
the same as the Security Documents (with such differences as are reasonably satisfactory to the Administrative Agent; provided
that such differences are not more favorable to the investors in such secured Indebtedness), (v) such Indebtedness is not also incurred
by or guaranteed by any Subsidiaries of the Borrower other than the Subsidiary Guarantors and is not incurred by or guaranteed by any
other Person, (vi) an agent or representative acting on behalf of the holders of such Indebtedness (a “Second Lien Agent”)
shall have become party to an intercreditor agreement in form and substance satisfactory to the Administrative Agent (the “Second
Lien Intercreditor Agreement”); provided that, if such Indebtedness is the initial Permitted Second Priority Refinancing
Debt incurred by the Borrower, then the Borrower, the Subsidiary Guarantors, the Administrative Agent and the Second Lien Agent for such
Indebtedness shall have executed and delivered the Second Lien Intercreditor Agreement, (vii) the other terms and conditions of
such secured Indebtedness are on the whole substantially identical to, or less favorable to the investors providing such secured Indebtedness,
than those applicable to the Refinanced Debt (except for (x) pricing, fees, rate floors and prepayment or redemption premiums, which
shall reflect market terms and conditions at the time of incurrence or issuance, (y) covenants or other provisions applicable only
to periods after the date that is 91 days after the Latest Maturity Date that is in effect on the date such Indebtedness is issued, incurred
or obtained and (z) differences that reflect the nature of such secured debt as fixed or floating rate securities), and (viii) a
Responsible Officer shall have certified compliance with the foregoing requirements and that the incurrence of such Indebtedness complies
with Section 6.2.

 

“Permitted Unsecured
Refinancing Debt”: unsecured Indebtedness incurred by the Borrower in the form of one or more series of senior unsecured notes
or loans; provided that (i) such Indebtedness constitutes Credit Agreement Refinancing Indebtedness in respect of Term Loans,
(ii) such Indebtedness does not mature or have scheduled amortization or payments of principal prior to the date that is 91 days
after the Latest Maturity Date at the time such Indebtedness is incurred, (iii) such Indebtedness is not also incurred by or guaranteed
by any Subsidiaries of the Borrower other than the Subsidiary Guarantors and is not incurred by or guaranteed by any other Person, (iv) such
Indebtedness is not secured by any Lien on any property or assets of the Borrower or any of its Subsidiaries, (v) the terms of such
Indebtedness, taken as a whole, are not materially less favorable to the Borrower and the Subsidiary Guarantors than the terms of the
Refinanced Debt and (vi) a Responsible Officer shall have certified compliance with the foregoing requirements and that the incurrence
of such Indebtedness complies with Section 6.2.

 

    34

     

    

 

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

 

“Plan”:
any “employee pension benefit plan” as defined in Section 3(2) of ERISA (other than a Multiemployer Plan) subject
to the provisions of Title IV of ERISA or Section 412 or 430 of the Code or Section 302 or 303 of ERISA, and in respect
of which the Borrower or any ERISA Affiliate is (or, if such plan were terminated, would under Section 4069 of ERISA be deemed to
be) an “employer” as defined in Section 3(5) of ERISA.

 

“Platform”:
as defined in Section 9.2.

 

“Principals”:
the members of management of the Borrower or any of its Subsidiaries as of the Closing Date.

 

“Pro Forma Basis”:
for purposes of calculating the financial covenants set forth in Section 6.1 or any other financial ratio or test, such calculation
shall be made in accordance with Section 1.3.

 

“Pro Forma Financial
Statements”: as defined in Section 3.1(a).

 

“Projections”:
as defined in Section 5.2(b).

 

“Property”:
any right or interest in or to property of any kind whatsoever, whether real, personal or mixed and whether tangible or intangible, including,
without limitation, Capital Stock.

 

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

 

“Public Lender”:
as defined in Section 9.2.

 

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

 

    35

     

    

 

“Qualified Counterparty”:
with respect to any Specified Hedge Agreement, any counterparty thereto that, at the time such Specified Hedge Agreement was entered
into, was a Lender or an Affiliate of a Lender.

 

“Reaffirmation Agreement”:
the Reaffirmation Agreement, dated as of the Third Amendment Effective Date, by and among, the Borrower and the other Grantors (as defined
therein) in favor of the Collateral Agent, as the same may be amended, restated, amended and restated, supplemented or otherwise modified
from time to time.

 

“Recovery Event”:
any settlement of or payment in respect of any property or casualty insurance claim or any condemnation proceeding relating to any asset
of the Borrower or any of its Subsidiaries.

 

“Refinancing Arranger”:
Barclays Bank PLC.

 

“Register”:
as defined in Section 9.6(e).

 

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

 

“Reimbursement Obligation”:
the obligation of the Borrower to reimburse the relevant Issuing Lender pursuant to Section 2.27 for amounts drawn under Letters
of Credit.

 

“Reinvestment Deferred
Amount”: with respect to any Reinvestment Event, the aggregate Net Cash Proceeds received by the Borrower or any of its Subsidiaries
in connection therewith that are not applied to prepay the Loans pursuant to Section 2.10(b) as a result of the delivery of
a Reinvestment Notice.

 

“Reinvestment Event”:
any Asset Sale or Recovery Event in respect of which the Borrower has delivered a Reinvestment Notice.

 

“Reinvestment Notice”:
a written notice executed by a Responsible Officer stating that no Default or Event of Default has occurred and is continuing and that
the Borrower (directly or indirectly through a Wholly Owned Subsidiary) intends and expects to use all or a specified portion of the
Net Cash Proceeds of an Asset Sale or Recovery Event to acquire assets useful in its or such Subsidiary’s business.

 

“Reinvestment Prepayment
Amount”: with respect to any Reinvestment Event, the Reinvestment Deferred Amount relating thereto less any amount expended
prior to the relevant Reinvestment Prepayment Date to acquire assets useful in the Borrower’s business.

 

“Reinvestment Prepayment
Date”: with respect to any Reinvestment Event, the earlier of (a) the date occurring 360 days after such Reinvestment
Event (provided that if the Borrower enters into a legally binding commitment to reinvest the applicable Reinvestment Deferred Amount
prior to such date, the Reinvestment Prepayment Date shall be extended for 180 days) and (b) the date on which the Borrower shall
have determined not to, or shall have otherwise ceased to, acquire assets useful in the Borrower’s business with all or any portion
of the relevant Reinvestment Deferred Amount.

 

    36

     

    

 

“Related Parties”:
(a) with respect to any Agent, any Arranger, any Co-Syndication Agent, any Co-Documentation Agent, the Issuing Lender or any Lender,
such Person’s Affiliates and the respective directors, trustees, officers, employees, agents, administrators, managers, partners,
advisors, controlling persons, representatives and members of such Person and of such Person’s Affiliates, and (b) in all
other cases, any (i) controlling stockholder, 662⁄3% (or more) owned Subsidiary, or immediate family member (in the case of
an individual) of any Principal, or (ii) any trust, corporation, partnership, limited liability company or other entity, the beneficiaries,
stockholders, partners, members, owners or Persons beneficially holding 662⁄3% or more controlling interest of which consist of
any one or more Principals and/or such other Persons referred to in the immediately preceding clause (i).

 

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

 

“Reorganization”:
with respect to any Multiemployer Plan, the condition that such plan is in reorganization within the meaning of Section 4241 of
ERISA.

 

“Reportable Event”:
any “reportable event,” as defined in Section 4043 of ERISA or the regulations issued thereunder, with respect to a
Plan (other than an event for which the 30-day notice period is waived).

 

“Repricing Transaction”:
the prepayment or refinancing of all or a portion of the Tranche B-4 Term Loans with the incurrence by the Borrower or any of its Subsidiaries
of any senior bank loan financing (other than in connection with a Specified Change in Control or a Transformative Acquisition) having
an All-In Yield (as determined by the Administrative Agent consistent with generally accepted financial practice) that is less than the
All-In Yield (as determined by the Administrative Agent on the same basis) of such Tranche B-4 Term Loans, including without limitation,
as may be effected through any amendment to this Agreement, including any amendment to this Agreement relating to the All-In Yield of,
such Tranche B-4 Term Loans (including any mandatory assignment in connection therewith).

 

“Required Lenders”:
at any time, Lenders having Loans, L/C Obligations and unused Revolving Credit Commitments and Term Loan Commitments the holders of more
than 50% of the sum of all Loans outstanding, L/C Obligations, and unused Revolving Credit Commitments and Term Loan Commitments at such
time; provided that the Revolving Credit Loans, L/C Obligations and unused Revolving Credit Commitments and Term Loan Commitments
of any Defaulting Lender or Excluded Lender shall be disregarded in the determination of the Required Lenders at any time.

 

“Requirement of Law”:
as to any Person, the Certificate of Incorporation and By-Laws or other organizational or governing documents of such Person, and any
law, treaty, rule or regulation or determination of an arbitrator or a court or other Governmental Authority, in each case applicable
to or binding upon such Person or any of its Property or to which such Person or any of its Property is subject.

 

    37

     

    

 

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

 

“Responsible Officer”:
the chief executive officer, president or chief financial officer of the Borrower, but in any event, with respect to financial matters,
the chief financial officer of the Borrower.

 

“Restatement Effective
Date”: the date on which each of the conditions precedent in Section 5 of the Amendment Agreement have been satisfied,
but in any event, no later than October 2, 2015.

 

“Restatement Funding
Date”: the date on which each of the conditions precedent in Section 6 of the Amendment Agreement were satisfied and the
funding of the Tranche B Term Loans, but in any event, no later than December 31, 2015; provided that such date will be extended
to February 29, 2016 to the extent so extended pursuant to the terms of Section 12.05(b) of the Acquisition Agreement
as in effect on the Restatement Funding Date.

 

“Restricted Cash”:
cash and Cash Equivalents held by a Subsidiary that is contractually restricted from being distributed to the Borrower; provided,
that cash or Cash Equivalents maintained by any Foreign Subsidiary that is subject to minority shareholder approval before being
distributed to the Borrower shall not deemed to be “Restricted Cash” as a result of such restriction.

 

“Restricted Payments”:
as defined in Section 6.6.

 

“Revolving Credit
Commitment”: as to any Lender, the obligation of such Lender to make Revolving Credit Loans and participate in Letters of Credit,
in an aggregate principal and/or face amount not to exceed the amount set forth under the heading “Fourth Amendment Revolving Credit
Commitment” opposite such Lender’s name on Schedule I to the Fourth Amendment on the Fourth Amendment Effective Date, or,
as the case may be, in the Assignment and Assumption pursuant to which such Lender became a party hereto, as the same may be changed
from time to time pursuant to the terms hereof. The aggregate amount of Total Revolving Credit Commitments as of the Fourth Amendment
Effective Date is $800,000,000.

 

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

 

“Revolving Credit
Facility”: as defined in the definition of “Facility” in this Section 1.1.

 

“Revolving Credit
Lender”: each Lender that has a Revolving Credit Commitment or that is the holder of Revolving Credit Loans.

 

“Revolving Credit
Loans”: the revolving loans made by the Lenders to the Borrower pursuant to Section 2.4(a).

 

“Revolving Credit
Percentage”: as to any Lender at any time, the percentage which such Lender’s Revolving Credit Commitment then constitutes
of the Total Revolving Credit Commitments (or, at any time after the Revolving Credit Commitments shall have expired or terminated, the
percentage which the aggregate principal amount of such Lender’s Revolving Credit Loans then outstanding constitutes of the aggregate
principal amount of the Revolving Credit Loans then outstanding).

 

    38

     

    

 

“Revolving Credit
Termination Date”: the earlier of (a) December 16, 2025, (b) the date that is ninety (90) days prior to the
Earliest Term Loan Maturity Date, (c) the date that is ninety (90) days prior to the earliest then applicable maturity date of the
Senior Notes, and (d) such other earlier date as the Revolving Credit Commitments shall terminate in full hereunder. With respect
to Extended Revolving Credit Commitments, Revolving Credit Loans extended pursuant thereto, and Letters of Credit issued thereunder,
clauses (a), (b) and (c) above shall be deemed replaced with the date specified in the applicable Revolving Extension Notice
for any such Extended Revolving Credit Commitments.

 

“Revolving Extension
Notice”: as defined in Section 9.21(b).

 

“Revolving Extensions
of Credit”: as to any Lender at any time, an amount equal to the sum of (a) the aggregate principal amount of all Revolving
Credit Loans made by such Lender then outstanding and (b) such Lender’s Revolving Credit Percentage of the L/C Obligations
then outstanding.

 

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

 

“Sanctioned Country”
shall mean, at any time, a country, region or territory that is subject to comprehensive Sanctions (as of the Second Amendment Effective
Date, Cuba, Iran, North Korea, Syria, and the Crimea region of Ukraine).

 

“Sanctioned Person”
shall mean, at any time, (a) any Person listed in any Sanctions-related list of designated Persons maintained by the Office of Foreign
Assets Control of the U.S. Department of the Treasury or the U.S. Department of State, the United Kingdom, or by the United Nations Security
Council, the European Union or any EU member state, (b) any Person operating, organized or resident in a Sanctioned Country or (c) any
Person owned or controlled by any such Person.

 

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

 

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

 

“Second Amendment”
shall mean that certain Second Amendment to Credit Agreement, dated as of November 20, 2017, by and among the Borrower, the Lenders
party thereto, the Administrative Agent and the Collateral Agent.

 

    39

     

    

 

“Second Amendment
Effective Date” has the meaning set forth in the Second Amendment.”

 

“Second Lien Intercreditor
Agreement”: as defined in the definition of Permitted Second Priority Refinancing Debt.

 

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

 

“Security Documents”:
the collective reference to the Guarantee and Collateral Agreement, the Reaffirmation Agreement and all other security documents hereafter
delivered to the Administrative Agent granting a Lien on any Property of any Person to secure the obligations and liabilities of any
Loan Party under any Loan Document.

 

“Seller”:
General Mills, Inc., a Delaware corporation.

 

“Senior Note Indenture”:
the Base Indenture, dated as of June 4, 2013, entered into by the Borrower and The Bank of New York Mellon Trust Company, N.A.,
as trustee, and the First Supplemental Indenture, dated as of June 4, 2013, entered into by the Borrower, the “Guarantors”
under and as defined therein and The Bank of New York Mellon Trust Company N.A., as trustee, in each case in connection with the issuance
of the Senior Notes, together with all instruments and other agreements entered into by the Borrower or such Subsidiaries in connection
therewith, as the same may be amended, supplemented or otherwise modified from time to time in accordance with Section 6.9.

 

“Senior Notes”:
the senior notes of the Borrower issued from time to time pursuant to the Senior Note Indenture.

 

“SOFR” with
respect to any day means the secured overnight financing rate published for such day by the Federal Reserve Bank of New York, as the
administrator of the benchmark, (or a successor administrator) on the Federal Reserve Bank of New York’s Website.

 

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

 

    40

     

    

 

“Specified Acquisition
Agreement Representations” means the representations and warranties made by or on behalf of the Seller and the Acquired Business
in the Acquisition Agreement as are material to the interests of the Lenders, but only to the extent that B&GNA or the Borrower (or
any of their applicable Affiliates) has the right to terminate its (or their) obligations (or decline to consummate the Acquisition)
under the Acquisition Agreement as a result of the breach of such representations in and warranties in the Acquisition Agreement.

 

“Specified
Cash Management Agreement”: any Cash Management Agreement that is entered into by the Borrower or any of its Subsidiaries and
any Cash Management Bank.

 

“Specified Change
of Control”: the occurrence of (a) the direct or indirect sale, lease, transfer, conveyance or other disposition (other
than by way of merger or consolidation), in one or a series of related transactions, of all or substantially all of the properties or
assets of the Borrower and its Subsidiaries taken as a whole to any “person” (as that term is used in Section 13(d)(3) of
the Exchange Act) other than a Principal or a Related Party of a Principal, (b) the adoption of a plan relating to the liquidation
or dissolution of the Borrower or (c) the consummation of any transaction (including, without limitation, any merger or consolidation),
the result of which is that any “person” (as defined above), other than the Principals and their Related Parties, becomes
the “beneficial owner” (as defined in Rules 13(d)-3 and 13(d)-5 under the Exchange Act), directly or indirectly, of
more than 50% of the voting Capital Stock of the Borrower, measured by voting power rather than number of shares.

 

“Specified Hedge Agreement”:
any Hedge Agreement entered into by the Borrower or any of its Subsidiaries and any Qualified Counterparty.

 

“Specified Representations”:
the representations and warranties set forth in Sections 3.3(a), 3.4 (as it relates to entering into and performance of the definitive
documentation for the Incremental Term Loans and/or Incremental Revolving Loans except that any such representation of an acquired person,
if applicable, is or will be true as of the closing date of the Permitted Acquisition), 3.5 (as it relates to no conflicts between the
definitive documentation for the Incremental Term Loans and/or Incremental Revolving Loans and the organizational documents of the Borrower
and its Subsidiaries), 3.11, 3.14, 3.19 (it being understood that such representation shall be limited to the extent any Collateral (including
the creation or perfection of any security interest therein) is not or cannot be provided on the applicable closing date (other than
the pledge and perfection of Collateral with respect to which a security interest may be perfected by means of (x) delivery of a
Uniform Commercial Code financing statement in proper form for filing, (y) delivery of certificated securities, if any or (z) delivery
of intellectual property security agreements in proper form for filing or recording; provided that such security interest(s) will
be required to be perfected after the applicable closing date pursuant to arrangements to be mutually agreed by the Administrative Agent
and the Borrower), 3.20 and the use of proceeds of the Loans not violating FCPA and OFAC and compliance in all material respects with
the Patriot Act as set forth in Section 3.21.

 

“Specified Transaction”:
(a) any Asset Sale of all or substantially all the assets of or all the Capital Stock of any of the Borrower’s Subsidiaries
or of any business unit, line of business or division of the Borrower or any of its Subsidiaries, (b) any Permitted Acquisition
or Investment that results in a Person becoming a Subsidiary of the Borrower or (c) any proposed incurrence of Indebtedness or making
of a Restricted Payment in respect of which compliance with the financial covenants set forth in Section 6.1 is by the terms of
this Agreement required to be calculated on a Pro Forma Basis.

 

    41

     

    

 

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

 

“Subsidiary Guarantor”:
each Subsidiary of the Borrower other than any Foreign Subsidiary.

 

“Swap Obligation”:
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.

 

“Tax”: any
and all present or future taxes, levies, imposts, duties, deductions, charges or withholdings (including any interest, fines, penalties
and additions related thereto) imposed by any Governmental Authority.

 

“Term Loan Commitments”:
collectively, the Tranche A Term Loan Commitments, the Tranche B Term Loan Commitments, the Tranche B-2 Term Loan Commitments, the Tranche
B-3 Term Loan Commitments, the Tranche B-4 Term Loan Commitments (including any Fourth Amendment Incremental Term Loan Commitments) and,
unless the context shall otherwise require, the Incremental Term Commitments and any Commitments in respect of Extended Term Loans.

 

“Term Loan Lenders”:
collectively, the Tranche A Term Loan Lenders, the Tranche B Term Loan Lenders, the Tranche B-2 Term Loan Lenders, the Tranche B-3 Term
Loan Lenders, the Tranche B-4 Term Loan Lenders (including any Fourth Amendment Incremental Term Loan Lenders) and, unless the context
shall otherwise require, the Incremental Term Lenders.

 

“Term Loan Repayment
Dates”: collectively, the Tranche A Term Loan Repayment Dates, the Tranche B-2 Term Loan Repayment Dates, the Tranche B-3 Term
Loan Repayment Dates, the Tranche B-4 Term Loan Repayment Dates and the Incremental Term Loan Repayment Dates.

 

“Term Loans”:
collectively, the Tranche A Term Loans, the Tranche B Term Loans, the Tranche B-2 Term Loans, the Tranche B-3 Term Loans, the Tranche
B-4 Term Loans (including the Fourth Amendment Incremental Term Loans) and, unless the context shall otherwise require, the term “Term
Loans” shall include any Extended Term Loans, any Incremental Term Loans and any Other Term Loans.

 

    42

     

    

 

“Term SOFR”
means the forward-looking term rate based on SOFR that has been selected or recommended by the Relevant Governmental Body.

 

“Test Period”:
a period of four consecutive Fiscal Quarters.

 

“Third Amendment”:
that certain Third Amendment to Credit Agreement, dated as of October 10, 2019, by and among the Borrower, the Lenders party thereto,
the Administrative Agent and the Collateral Agent.

 

“Third Amendment Effective
Date”: as defined in the Third Amendment.

 

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

 

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

 

“Tranche A Term Loan”:
as defined in Section 2.1(a).

 

“Tranche A Term Loan
Commitment”: as to any Tranche A Term Loan Lender, the obligation of such Lender, if any, to make a Tranche A Term Loan to
the Borrower hereunder in a principal amount not to exceed the amount set forth under the heading “Tranche A Term Loan Commitment”
opposite such Lender’s name on Schedule 1 to the lender addendum delivered by such Lender on the Closing Date, or, as the case
may be, in the Assignment and Assumption pursuant to which such Lender became a party hereto, as the same may be changed from time to
time pursuant to the terms hereof. The aggregate amount of the Tranche A Term Loan Commitments as of the Closing Date is $300,000,000.

 

“Tranche A Term Loan
Facility”: as defined in the definition of “Facility” in this Section 1.1.

 

“Tranche A Term Loan
Lender”: each Lender that has a Tranche A Term Loan Commitment or is the holder of a Tranche A Term Loan.

 

“Tranche A Term Loan
Maturity Date”: the earlier of (a) June 5, 2019 and (b) the date on which all Tranche A Term Loans shall become
due and payable in full hereunder, whether by acceleration or otherwise.

 

“Tranche A Term Loan
Percentage”: as to any Tranche A Term Loan Lender at any time, the percentage which such Lender’s undrawn Tranche A Term
Loan Commitment then constitutes of the aggregate undrawn Tranche A Term Loan Commitments or, at any time after the Closing Date, the
percentage which the aggregate principal amount of such Lender’s Tranche A Term Loans then outstanding constitutes of the aggregate
principal amount of the Tranche A Term Loans then outstanding.

 

“Tranche A Term Loan
Repayment Date”: as defined in Section 2.3(a).

 

“Tranche B Term Loan”:
as defined in Section 2.1(b).

 

    43

     

    

 

“Tranche B Term Loan
Commitment”: as to any Tranche B Term Loan Lender, the obligation of such Lender, if any, to make a Tranche B Term Loan to
the Borrower hereunder in a principal amount not to exceed the amount set forth on Schedule I to the Amendment Agreement or, as the case
may be, in the Assignment and Assumption pursuant to which such Lender became a party hereto, as the same may be changed from time to
time pursuant to the terms hereof. The aggregate amount of the Tranche B Term Loan Commitments as of the Restatement Funding Date was
$750,000,000.

 

“Tranche B Term Loan
Facility”: as defined in the definition of “Facility” in this Section 1.1.

 

“Tranche B Term Loan
Lender”: each Lender that has a Tranche B Term Loan Commitment or is the holder of a Tranche B Term Loan.

 

“Tranche B Term Loan
Percentage”: as to any Tranche B Term Loan Lender at any time, the percentage which such Lender’s undrawn Tranche B Term
Loan Commitment then constitutes of the aggregate undrawn Tranche B Term Loan Commitments or, at any time after the Restatement Funding
Date, the percentage which the aggregate principal amount of such Lender’s Tranche B Term Loans then outstanding constitutes of
the aggregate principal amount of the Tranche B Term Loans then outstanding.

 

“Tranche B-2 Term
Loan”: the loans in Dollars made to the Borrower on the First Amendment Effective Date in an aggregate principal amount of
$640,109,890.11.

 

“Tranche B-2 Term
Loan Commitment”: the commitments of the Tranche B-2 Term Loan Lenders pursuant to the First Amendment or, as the case may
be, in the Assignment and Assumption pursuant to which such Lender became a party hereto, as the same may be changed from time to time
pursuant to the terms hereof. The aggregate amount of the Tranche B-2 Term Loan Commitments as of the First Amendment Effective Date
was $640,109,890.11.

 

“Tranche B-2 Term
Loan Facility”: as defined in the definition of “Facility” in this Section 1.1.

 

“Tranche B-2 Term
Loan Lender”: each Lender that has a Tranche B Term Loan Commitment or is the holder of a Tranche B Term Loan.

 

“Tranche B-2 Term
Loan Percentage”: as to any Tranche B-2 Term Loan Lender at any time, the percentage which such Lender’s undrawn Tranche
B-2 Term Loan Commitment then constitutes of the aggregate undrawn Tranche B-2 Term Loan Commitments or, at any time after the First
Amendment Effective Date, the percentage which the aggregate principal amount of such Lender’s Tranche B-2 Term Loans then outstanding
constitutes of the aggregate principal amount of the Tranche B-2 Term Loans then outstanding.

 

“Tranche B-3 Term
Loan”: the loans in Dollars made to the Borrower on the Second Amendment Effective Date in an aggregate principal amount of
$650,109,890.11.

 

“Tranche B-3 Term
Loan Commitment”: the commitments of the Tranche B-3 Term Loan Lenders pursuant to the Second Amendment or, as the case may
be, in the Assignment and Assumption pursuant to which such Lender became a party hereto, as the same may be changed from time to time
pursuant to the terms hereof. The aggregate amount of the Tranche B-3 Term Loan Commitments as of the Second Amendment Effective Date
is $650,109,890.11.

 

    44

     

    

 

“Tranche B-3 Term
Loan Facility”: as defined in the definition of “Facility” in this Section 1.1.

 

“Tranche B-3 Term
Loan Lender”: each Lender that has a Tranche B Term Loan Commitment or is the holder of a Tranche B Term Loan.

 

“Tranche B-3 Term
Loan Maturity Date”: the earlier of (a) November 2, 2022, and (b) the date on which all Tranche B Term Loans
shall become due and payable in full hereunder, whether by acceleration or otherwise (but excluding, for the avoidance of doubt, any
voluntary prepayment under Section 2.9).

 

“Tranche B-3 Term
Loan Percentage”: as to any Tranche B-3 Term Loan Lender at any time, the percentage which such Lender’s undrawn Tranche
B-3 Term Loan Commitment then constitutes of the aggregate undrawn Tranche B-3 Term Loan Commitments or, at any time after the Second
Amendment Effective Date, the percentage which the aggregate principal amount of such Lender’s Tranche B-3 Term Loans then outstanding
constitutes of the aggregate principal amount of the Tranche B-3 Term Loans then outstanding.

 

“Tranche B-4 Term
Loan”: (i) the loans in Dollars made to the Borrower on the Third Amendment Effective Date in an aggregate principal amount
of $450,000,000.00 and (ii) the loans in Dollars made to the Borrower on the Fourth Amendment Effective Date in an aggregate principal
amount of $300,000,000.00. Upon the occurrence of the Fourth Amendment Effective Date, the Fourth Amendment Incremental Term Loans shall
automatically and without further action by any Person constitute additional Tranche B-4 Term Loans (and shall have the same terms as
the Tranche B-4 Term Loans after giving effect to the Fourth Amendment) and shall be part of the same class of Loans as the Tranche B-4
Term Loans, in each case for all purposes of this Agreement and the other Loan Documents. As of the Fourth Amendment Effective Date,
the aggregate principal amount of Tranche B-4 Term Loans outstanding is $671,625,000.00.

 

“Tranche B-4 Term
Loan Commitment”: the commitments of the Tranche B-4 Term Loan Lenders pursuant to the Third Amendment, the commitments of
the Fourth Amendment Incremental Term Loan Lenders pursuant to the Fourth Amendment or, as the case may be, in the Assignment and Assumption
pursuant to which such Lender became a party hereto, as the same may be changed from time to time pursuant to the terms hereof. The aggregate
amount of the Tranche B-4 Term Loan Commitments as of the Third Amendment Effective Date is $450,000,00.00. The aggregate amount of the
Tranche B-4 Term Loan Commitments as of the Fourth Amendment Effective Date is $300,000,000.00. Upon the occurrence of the Fourth Amendment
Effective Date, the Fourth Amendment Incremental Term Loan Commitments shall automatically and without further action by any Person constitute
additional Tranche B-4 Term Loan Commitments (and shall have the same terms as the Tranche B-4 Term Loan Commitments after giving effect
to the Fourth Amendment) and shall be part of the same class of Commitments as the Tranche B-4 Term Loan Commitments, in each case for
all purposes of this Agreement and the other Loan Documents.

 

    45

     

    

 

“Tranche B-4 Term
Loan Facility”: as defined in the definition of “Facility” in this Section 1.1.

 

“Tranche B-4 Term
Loan Lender”: each Lender that has a Tranche B-4 Term Loan Commitment or is the holder of a Tranche B-4 Term Loan.

 

“Tranche B-4 Term
Loan Maturity Date”: the earlier of (a) October 10, 2026, and (b) the date on which all Tranche B-4 Term Loans
shall become due and payable in full hereunder, whether by acceleration or otherwise (but excluding, for the avoidance of doubt, any
voluntary prepayment under Section 2.9).

 

“Tranche B-4 Term
Loan Percentage”: as to any Tranche B-4 Term Loan Lender at any time, the percentage which such Lender’s undrawn Tranche
B-4 Term Loan Commitment then constitutes of the aggregate undrawn Tranche B-4 Term Loan Commitments or, at any time after the Third
Amendment Effective Date, the percentage which the aggregate principal amount of such Lender’s Tranche B-4 Term Loans then outstanding
constitutes of the aggregate principal amount of the Tranche B-4 Term Loans then outstanding.

 

“Tranche B-4 Term
Loan Repayment Date”: as defined in Section 2.3(a).

 

“Transactions”:
collectively, (a) the consummation of the Acquisition, (b) the execution, delivery and performance by the Loan Parties of the
Loan Documents to which they are a party, (c) the borrowings on the Restatement Funding Date and the use of proceeds thereof, (d) the
granting of Liens pursuant to the Security Documents and (e) any other transactions related to or entered into in connection with
any of the foregoing.

 

“Transferee”:
as defined in Section 9.14.

 

“Transformative Acquisition”
means any acquisition by the Borrower or any Subsidiary that is either (a) not permitted by the terms of the Loan Documents immediately
prior to the consummation of such acquisition or (b) if permitted by the terms of the Loan Documents immediately prior to the consummation
of such acquisition, would not provide the Borrower and its Subsidiaries with adequate flexibility under the Loan Documents for the continuation
and/or expansion of their combined operations following such consummation, as determined by the Borrower acting in good faith.

 

“Type”:
as to any Loan, its nature as a Base Rate Loan or a Eurodollar Loan.

 

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

 

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

 

    46

     

    

 

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

 

“USA PATRIOT Act”:
The Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act of 2001 (Title
III of Pub. L. No. 107-56 (signed into law October 26, 2001)), as amended.

 

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

 

“Wholly Owned Subsidiary”:
as to any Person, any other Person all of the Capital Stock of which (other than directors’ qualifying shares required by law)
is owned by such Person directly and/or through other Wholly Owned Subsidiaries.

 

“Wholly Owned Subsidiary
Guarantor”: any Subsidiary Guarantor that is a Wholly Owned Subsidiary of the Borrower.

 

“Withdrawal Liability”:
liability to a Multiemployer Plan as a result of a complete or partial withdrawal from such Multiemployer Plan, as such terms are defined
in Part 1 of Subtitle E of Title IV of ERISA.

 

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

 

“Yield Differential”:
as defined in Section 2.32(b).

 

1.2           Other
Definitional Provisions.

 

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

 

(b)           As
used herein and in the other Loan Documents, and any certificate or other document made or delivered pursuant hereto or thereto, accounting
terms relating to the Borrower and its Subsidiaries not defined in Section 1.1 and accounting terms partly defined in Section 1.1,
to the extent not defined, shall have the respective meanings given to them under GAAP.

 

    47

     

    

 

(c)           The
words “hereof”, “herein” and “hereunder” and words of similar import when used in this Agreement
shall refer to this Agreement as a whole and not to any particular provision of this Agreement, and Section, Schedule and Exhibit references
are to this Agreement unless otherwise specified.

 

(d)           The
meanings given to terms defined herein shall be equally applicable to both the singular and plural forms of such terms.

 

(e)           Notwithstanding
any other provision contained herein, all terms of an accounting or financial nature used herein shall be construed, and all computations
of amounts and ratios referred to in Section 6.1 shall be made, without giving effect to (i) any election under Statement of
Financial Accounting Standards 159 (or any other Financial Accounting Standard having a similar result or effect) to value any Indebtedness
or other liabilities of any Loan Party or any Subsidiary of any Loan Party at “fair value” or (ii) any change to lease
accounting rules from those in effect pursuant to Financial Accounting Standards Board Accounting Standards Codification 840 (Leases)
and other related lease accounting guidance as in effect on the Closing Date.

 

1.3           Pro
Forma Basis. Notwithstanding anything to the contrary contained herein, financial ratios and tests (including the Consolidated Leverage
Ratio, the Consolidated Senior Secured Leverage Ratio and the Consolidated Interest Coverage Ratio) pursuant to this Agreement shall
be calculated in the manner prescribed by this Section 1.3.

 

(a)           In
the event that the Borrower or any of its Subsidiaries incurs, assumes, guarantees, redeems, repays, repurchases, retires or extinguishes
any Indebtedness (other than Indebtedness incurred or repaid under any revolving credit facility unless such Indebtedness has been permanently
repaid and has not been replaced) subsequent to the end of the Test Period for which such financial ratio or test is being calculated
but prior to or simultaneously with the event for which such calculation is being made, then such financial ratio or test shall be calculated
giving pro forma effect to such incurrence, assumption, guarantee, redemption, repayment, repurchase, retirement or extinguishment of
Indebtedness, as if the same had occurred on the last day of the applicable Test Period (except in the case of the Consolidated Interest
Coverage Ratio (or similar ratio), as if the same had occurred on the first day of the applicable Test Period).

 

(b)           For
purposes of calculating any financial ratio or test, Specified Transactions that have been made by the Borrower or any of its
Subsidiaries during the applicable Test Period or subsequent to such Test Period and prior to or simultaneously with the event for
which such calculation is being made shall be given pro forma effect assuming that all such Specified Transactions (and the change
in Consolidated EBITDA resulting therefrom) had occurred on the first day of the applicable Test Period. If since the beginning of
any such Test Period any Person that subsequently became a Subsidiary of the Borrower or was merged, amalgamated or consolidated
with or into the Borrower or any of its Subsidiaries since the beginning of such Test Period shall have made any Specified
Transaction that would have required adjustment pursuant to this Section 1.3, then any applicable financial ratio or test shall
be calculated giving pro forma effect thereto for such period as if such Specified Transaction occurred at the beginning of the
applicable Test Period.

 

    48

     

    

 

(c)          Whenever
pro forma effect is to be given to a Specified Transaction or the Transactions, the pro forma calculations shall be made in good faith
by a Responsible Officer (including the “run-rate” cost savings and synergies resulting from such Specified Transactions
that have been or are expected to be realized (“run-rate” means the full recurring benefit for a period that is associated
with any action taken (including any savings expected to result from the elimination of a public target’s compliance costs with
public company requirements), net of the amount of actual benefits realized during such period from such actions; provided that
with respect to the Transactions or to any Specified Transaction, such cost savings or synergies for any period shall not exceed 10%
of Consolidated EBITDA (after giving effect to such Transaction or Specified Transaction, but prior to giving effect to such adjustments
in respect of such cost savings or synergies) for such period); provided that (i) such amounts are projected by the Borrower
in good faith to result from actions taken within 12 months after the end of such Test Period in which such Specified Transaction occurred
(or, in the case of the Transactions, the 12 months after the Closing Date) and (ii) no amounts shall be added pursuant to this
clause (c) to the extent duplicative of any amounts that are otherwise added back in computing Consolidated EBITDA for such Test
Period.

 

(d)            If
any Indebtedness bears a floating rate of interest and is being given pro forma effect, the interest on such Indebtedness shall be calculated
as if the rate in effect on the date of the event for which the calculation of the Consolidated Interest Coverage Ratio is made had been
the applicable rate for the entire period (taking into account any interest hedging arrangements applicable to such Indebtedness). Interest
on Indebtedness that may optionally be determined at an interest rate based upon a factor of a prime or similar rate, a Eurocurrency
interbank offered rate, or other rate, shall be determined to have been based upon the rate actually chosen, or if none, then based upon
such optional rate chosen as the Borrower may designate.

 

(e)            Notwithstanding
the foregoing, when calculating the Consolidated Interest Coverage Ratio and Consolidated Leverage Ratio for the purposes of Section 6.1,
the events described in Sections 1.3(b), (c) and (d) above that occurred subsequent to the end of the applicable Test Period
shall not be given pro forma effect.

 

1.4            Divisions.
For all purposes under the Loan Documents, in connection with any division or plan of division under Delaware law (or any comparable
event under a different jurisdiction’s laws): (a) any reference to a merger, transfer, consolidation, amalgamation, consolidation,
assignment, sale, disposition or transfer, or similar term, shall be deemed to apply to a division of or by a limited liability company,
or an allocation of assets to a series of a limited liability company (or the unwinding of such a division or allocation), as if it were
a merger, transfer, consolidation, amalgamation, consolidation, assignment, sale, disposition or transfer, or similar term, as applicable,
to, of or with a separate Person and (b) any division of a limited liability company shall constitute a separate Person hereunder
(and each division of any limited liability company that is a Subsidiary, joint venture or any other like term shall also constitute
such a Person or entity).

 

    49

     

    

 

Section 2.
AMOUNT AND TERMS OF COMMITMENTS; LETTERS OF CREDIT

 

2.1           Term
Loan Commitments. (a) Subject to the terms and conditions in the Existing Credit Agreement and relying upon the representations
and warranties therein set forth, each Tranche A Term Loan Lender made a tranche A term loan (each, a “Tranche A Term Loan”)
on the Closing Date to the Borrower;

 

(b)            Subject
to the terms and conditions herein and relying upon the representations and warranties herein set forth, each Tranche B Term Loan Lender,
severally and not jointly, made, on the Restatement Funding Date, a tranche B term loan (each, a “Tranche B Term Loan”)
to the Borrower in an amount equal to such Lender’s Tranche B Term Loan Commitment;

 

(c)            Pursuant
to the terms of the First Amendment, the Tranche B-2 Term Loan Lenders made Tranche B-2 Term Loans in Dollars (whether by agreeing to
exchange existing Tranche B Term Loans or by committing to make new term loans) to the Borrower on the First Amendment Effective Date;

 

(d)            Pursuant
to the terms of the Second Amendment, the Tranche B-3 Term Loan Lenders made Tranche B-3 Term Loans in Dollars (whether by agreeing to
exchange existing Tranche B-2 Term Loans or by committing to make new loans) to the Borrower on the Second Amendment Effective Date;

 

(e)            Pursuant
to the terms of the Third Amendment, the Tranche B-4 Term Loan Lenders, severally and not jointly, have agreed to make Tranche B-4 Term
Loans in Dollars to the Borrower on the Third Amendment Effective Date;

 

(f)            Pursuant
to the terms of the Fourth Amendment, the Fourth Amendment Incremental Term Loan Lenders, severally and not jointly, have agreed to make
Fourth Amendment Incremental Term Loans in Dollars to the Borrower on the Fourth Amendment Effective Date in a principal amount not to
exceed its Fourth Amendment Incremental Term Loan Commitment; and

 

(g)            Subject
to the terms and conditions and relying upon the representations and warranties set forth in the applicable Incremental Assumption Agreement,
each Lender having an Incremental Term Loan Commitment, severally and not jointly, hereby agrees to make Incremental Term Loans to the
Borrower, in an aggregate principal amount not to exceed its Incremental Term Loan Commitment.

 

The Borrower has made a borrowing under the
total Tranche A Term Loan Commitment on the Closing Date. The Borrower has made a borrowing under the Tranche B Term Loan Commitment
on the Restatement Funding Date. The Borrower has made a borrowing under (i) the Tranche B-2 Term Loan Commitment on the First
Amendment Effective Date and (ii) the Tranche B-3 Term Loan Commitment on the Second Amendment Effective Date. The Borrower has
made a borrowing under the Tranche B-4 Term Loan Commitment on the Third Amendment Effective Date. The Borrower has made a borrowing
under the Fourth Amendment Incremental Term Loan Commitment on the Fourth Amendment Effective Date. Any amount borrowed under this
Section 2.1 and subsequently repaid or prepaid may not be reborrowed. All (i) Tranche B Term Loans outstanding on the
First Amendment Effective Date and (ii) Tranche B-2 Term Loans outstanding on the Second Amendment Effective Date were repaid
in full. All (i) Tranche A Term Loans and (ii) Tranche B-3 Term Loans were repaid in full. Subject to Sections 2.9 and
2.10, all amounts owed hereunder with respect to the Tranche B-4 Term Loans (including the Fourth Amendment Incremental Term Loans)
and the Incremental Term Loans shall be paid in full no later than the Tranche B-4 Term Loan Maturity Date or the applicable
Incremental Term Loan Maturity Date, respectively. Each Lender’s Tranche A Term Loan Commitment terminated immediately and
without further action on the Closing Date. Each Lender’s Tranche B Term Loan Commitment terminated immediately and without
further action on the Restatement Funding Date. Each Lender’s Tranche B-2 Term Loan Commitment terminated immediately and
without further action on the First Amendment Effective Date after giving effect to such Lender’s Tranche B-2 Term Loan
Commitment on such date. Each Lender’s Tranche B-3 Term Loan Commitment terminated immediately and without further action on
the Second Amendment Effective Date after giving effect to such Lender’s Tranche B-3 Term Loan Commitment on such date. Each
Lender’s Tranche B-4 Term Loan Commitment under the Third Amendment terminated immediately and without further action on the
Third Amendment Effective Date upon funding of the Tranche B-4 Term Loans. Each Lender’s Fourth Amendment Incremental Term
Loan Commitment shall terminate immediately and without further action on the Fourth Amendment Effective Date upon funding of the
Fourth Amendment Incremental Term Loans. The Incremental Term Loan Commitments shall terminate as provided in the related
Incremental Assumption Agreement. The Term Loans may from time to time be Eurodollar Loans or Base Rate Loans, as determined by the
Borrower and notified to the Administrative Agent in accordance with Sections 2.2 and 2.11.

 

    50

     

    

 

2.2            Procedure
for Term Loan Borrowings. The Borrower shall deliver to the Administrative Agent an irrevocable notice (which notice must be received
by the Administrative Agent prior to 10:00 A.M., New York City time, one Business Day to the anticipated closing date set forth in the
applicable Incremental Assumption Agreement) requesting that the applicable Term Loan Lenders make the applicable Term Loans on the date
set forth in the applicable Incremental Assumption Agreement and specifying the amount to be borrowed. Upon receipt of such notice of
borrowing the Administrative Agent shall promptly notify each applicable Term Loan Lender thereof. Not later than 12:00 noon, New York
City time, on the Fourth Amendment Effective Date (or on such other date set forth in the applicable Incremental Assumption Agreement)
each applicable Term Loan Lender shall make available to the Administrative Agent at the Funding Office an amount in immediately available
funds equal to the Term Loan or Term Loans to be made by such Lender on the Fourth Amendment Effective Date (or on such other date set
forth in the applicable Incremental Assumption Agreement). The Administrative Agent shall make available to the Borrower the aggregate
of the amounts made available to the Administrative Agent by the applicable Term Loan Lenders, in like funds as received by the Administrative
Agent.

 

2.3            Repayment
of Term Loans. (a) The Borrower shall pay to the Administrative Agent, for the account of the Tranche B-4 Term Loan
Lenders, on the last Business Day of each March, June, September and December, commencing on the last day of the first Fiscal
Quarter following the Third Amendment Effective Date (each such date, a “Tranche B-4 Term Loan Repayment Date”),
an amount equal 0.25% of the original principal amount of such Tranche B-4 Term Loans made on the Third Amendment Effective Date,
together in each case with accrued and unpaid interest on the principal amount to be paid to but excluding the date of such payment; provided
that, in the event any new Tranche B-4 Term Loans are made, such new Tranche B-4 Term Loans shall be repaid on each Tranche B-4 Term
Loan Repayment Date occurring on or after the applicable Tranche B-4 Increased Amount Date in an amount equal to (i) the
aggregate principal amount of new Tranche B-4 Term Loans of the applicable series of new Tranche B-4 Term Loans, times (ii) the
ratio (expressed as a percentage) of (A) the amount of all other Tranche B-4 Term Loans being repaid on such Tranche B-4 Term
Loan Repayment Date and (B) the total aggregate principal amount of all other Tranche B-4 Term Loans outstanding on such
Tranche B-4 Increased Amount Date.

 

    51

     

    

 

Notwithstanding the foregoing, (x) such Tranche
B-4 Term Loan quarterly payments shall be reduced in connection with any voluntary or mandatory prepayments of the Tranche B-4 Term
Loans in accordance with Section 2.9 or 2.10, as applicable; and (y) the Tranche B-4 Term Loans, together
with all other amounts owed hereunder with respect thereto, shall in any event be paid in full no later than the Tranche B-4 Term
Loan Maturity Date.

 

It is hereby acknowledged
and agreed that, as of the Fourth Amendment Effective Date, all amortization payments required under this Section 2.3 prior to the
Tranche B-4 Term Loan Maturity Date have been paid in full, and no quarterly principal payments of Tranche B-4 Term Loans (including,
for the avoidance of doubt, Fourth Amendment Incremental Term Loans) pursuant to this Section 2.3 shall be required after the Fourth
Amendment Effective Date.

 

(b)           The
Borrower shall pay to the Administrative Agent, for the account of the Incremental Term Lenders, on each Incremental Term Loan Repayment
Date, a principal amount of the Other Term Loans (as adjusted from time to time pursuant to Sections 2.9 and 2.10) equal
to the amount set forth for such date in the applicable Incremental Assumption Agreement, together in each case with accrued and unpaid
interest on the principal amount to be paid to but excluding the date of such payment.

 

(c)           To
the extent not previously paid, all Term Loans shall be due and payable on Tranche B-4 Term Loan Maturity Date, as applicable, and all
Other Term Loans shall be due and payable on the applicable Incremental Term Loan Maturity Date, in each case, together with accrued
and unpaid interest on the principal amount to be paid to but excluding the date of payment.

 

(d)            In
the event that all or any portion of the Tranche B-4 Term Loans then outstanding are prepaid in connection with a Repricing Transaction
prior to the six-month anniversary of the Fourth Amendment Effective Date, such prepayment shall be accompanied by a repayment fee equal
to 1.00% of the aggregate principal amount of the Tranche B-4 Term Loans so prepaid.

 

2.4            Revolving
Credit Commitments. (a) Subject to the terms and conditions hereof, each Revolving Credit Lender severally agrees to make
Revolving Credit Loans to the Borrower from time to time during the Revolving Credit Commitment Period in an aggregate principal
amount at any one time outstanding which, when added to such Lender’s Revolving Credit Percentage of the L/C Obligations then
outstanding, does not exceed the amount of such Lender’s Revolving Credit Commitment; provided that the sum of
(x) the aggregate principal amount of Revolving Credit Loans plus (y) the aggregate amount of L/C Obligations, in each
case outstanding on and as of the Closing Date, shall not exceed $50,000,000. During the Revolving Credit Commitment Period the
Borrower may use the Revolving Credit Commitments by borrowing, prepaying the Revolving Credit Loans in whole or in part, and
reborrowing, all in accordance with the terms and conditions hereof. The Revolving Credit Loans may from time to time be Eurodollar
Loans or Base Rate Loans, as determined by the Borrower and notified to the Administrative Agent in accordance with Sections 2.5 and
2.11, provided that no Revolving Credit Loan shall be made as a Eurodollar Loan after the day that is one month prior to the
Revolving Credit Termination Date.

 

    52

     

    

 

(b)            Subject
to the terms and conditions and relying upon the representations and warranties set forth in the applicable Incremental Assumption Agreement,
each Lender having an Incremental Revolving Commitment, severally and not jointly, hereby agrees to make Incremental Revolving Loans
to the Borrower, in an aggregate principal amount not to exceed its Incremental Revolving Commitment. The Borrower shall repay all outstanding
Revolving Credit Loans on the Revolving Credit Termination Date.

 

2.5            Procedure
for Borrowing Revolving Credit Loans. The Borrower may borrow Revolving Credit Loans under the Revolving Credit Commitments during
the Revolving Credit Commitment Period on any Business Day, provided that the Borrower shall give the Administrative Agent irrevocable
notice (which notice must be received by the Administrative Agent prior to 12:00 noon, New York City time, (i) three Business Days
prior to the requested Borrowing Date, in the case of Eurodollar Loans, or (ii) one Business Day prior to the requested Borrowing
Date, in the case of Base Rate Loans), specifying (A) the amount and Type of Revolving Credit Loans to be borrowed, (B) the
requested Borrowing Date and (C) in the case of Eurodollar Loans, the length of the initial Interest Period therefor. If no election
as to the Type of Loans is specified in any such notice, then the requested Loan shall be a Base Rate Loan. If no Interest Period with
respect to any Eurodollar Loan is specified in any such notice, then the Borrower shall be deemed to have selected an Interest Period
of one month’s duration. Each borrowing under the Revolving Credit Commitments shall be in an amount equal to (x) in the case
of Base Rate Loans, $1,000,000 or a whole multiple thereof (or, if the then aggregate Available Revolving Credit Commitments are less
than $1,000,000, such lesser amount) and (y) in the case of Eurodollar Loans, $1,000,000 or a whole multiple of $1,000,000 in excess
thereof. Upon receipt of any such notice from the Borrower, the Administrative Agent shall promptly notify each Lender thereof. Each
Lender will make the amount of its pro rata share of each borrowing of Revolving Credit Loans available to the Administrative
Agent for the account of the Borrower at the Funding Office prior to 12:00 noon, New York City time, on the Borrowing Date requested
by the Borrower in funds immediately available to the Administrative Agent. Such borrowing will then be made available to the Borrower
by the Administrative Agent in like funds as received by the Administrative Agent.

 

2.6            Repayment
of Loans; Evidence of Debt. (a)  The Borrower hereby unconditionally promises to pay to the Administrative Agent for
the account of the appropriate Lender (i) the then unpaid principal amount of each Revolving Credit Loan of such Lender on the
Revolving Credit Termination Date (or such earlier date on which such Loans become due and payable pursuant to Section 7),
(ii) the then unpaid principal amount of each Tranche A Term Loan on the Tranche A Term Loan Maturity Date, (iii) the then
unpaid principal amount of each Tranche B-3 Term Loan on the Tranche B-3 Term Loan Maturity Date, (iv) the then unpaid
principal amount of each Tranche B-4 Term Loan on the Tranche B-4 Term Loan Maturity Date and (v) the then unpaid principal
amount of each Incremental Term Loan on the applicable Incremental Term Loan Maturity Date. All Tranche A Term Loans were repaid in
full. All Tranche B Term Loans outstanding on the First Amendment Effective Date were repaid in full on the First Amendment
Effective Date. All Tranche B-2 Term Loans outstanding on the Second Amendment Effective Date were repaid in full on the Second
Amendment Effective Date. All Tranche B-3 Term Loans were repaid in full. The Borrower hereby further agrees to pay interest on the
unpaid principal amount of the Loans (other than the Tranche B-4 Term Loans) from time to time outstanding from the Closing Date
until payment in full thereof at the rates per annum, and on the date, set forth in Section 2.13. The Borrower hereby further
agrees to pay interest on the unpaid principal amount of the Tranche B-4 Term Loans from time to time outstanding from the Fourth
Amendment Effective Date until payment in full thereof at the rates per annum, and on the dates, set forth in Section 2.13.

 

    53

     

    

 

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

 

(c)           The
Administrative Agent, on behalf of the Borrower, shall maintain the Register pursuant to Section 9.6(d), and a subaccount therein
for each Lender, in which shall be recorded (i) the amount of each Loan made hereunder and any Note evidencing such Loan, the Type
thereof and each Interest Period applicable thereto, (ii) the amount of any principal or interest due and payable or to become due
and payable from the Borrower to each Lender hereunder and (iii) both the amount of any sum received by the Administrative Agent
hereunder from the Borrower and each Lender’s share thereof.

 

(d)           The
entries made in the Register and the accounts of each Lender maintained pursuant to Section 2.6(b) shall, to the extent permitted
by applicable law, be prima facie evidence of the existence and amounts of the obligations of the Borrower therein recorded; provided,
however, that the failure of any Lender or the Administrative Agent to maintain the Register or any such account, or any error
therein, shall not in any manner affect the obligation of the Borrower to repay (with applicable interest) the Loans made to the Borrower
by such Lender in accordance with the terms of this Agreement.

 

(e)            The
Borrower agrees that, upon the request to the Administrative Agent by any Lender, the Borrower will execute and deliver to such Lender
a promissory note of the Borrower evidencing any Revolving Credit Loans or Tranche B-4 Term Loans, as the case may be, of such Lender,
substantially in the forms of Exhibit F-1 and F-3, respectively, with appropriate insertions as to date and principal amount; provided
that delivery of such notes shall not be a condition precedent to the making of the Loans on the Closing Date or the Restatement
Funding Date.

 

2.7            Commitment
Fees, Other Fees. (a) The Borrower agrees to pay to the Administrative Agent for the account of each Revolving Credit
Lender which is not a Defaulting Lender a commitment fee for the period from and including the Closing Date to the last day of the
Revolving Credit Commitment Period, computed at the Commitment Fee Rate on the average daily amount of the Available Revolving
Credit Commitment of such Lender during the period for which payment is made, payable quarterly in arrears on the last Business Day
of each March, June, September and December and on the Revolving Credit Termination Date (or any earlier date of
termination of the Revolving Credit Commitments), commencing on the first of such dates to occur after the Closing Date; provided
that to the extent previously paid by the Borrower to the Administrative Agent, any such commitment fee owing to a Lender which is a
Defaulting Lender shall be withheld by the Administrative Agent for so long as such Lender remains a Defaulting Lender.

 

    54

     

    

 

(b)            The
Borrower agrees to pay to the Agents and the Arrangers the fees in the amounts and on the dates agreed to in writing by the Borrower,
the Agents and the Arrangers, as applicable, prior to the Restatement Funding Date. All such fees shall be paid on the dates due, in
immediately available funds, to the Administrative Agent, the Collateral Agent or the Arrangers, as applicable. Once paid, none of such
fees shall be refundable under any circumstances.

 

2.8           Termination
or Reduction of Revolving Credit Commitments. The Borrower shall have the right, upon not less than three Business Days’ notice
to the Administrative Agent (which shall promptly notify each Lender thereof), to terminate the Revolving Credit Commitments or, from
time to time, to reduce the amount of the Revolving Credit Commitments; provided that no such termination or reduction of Revolving
Credit Commitments shall be permitted if, after giving effect thereto and to any prepayments of the Revolving Credit Loans made on the
effective date thereof, the Total Revolving Extensions of Credit would exceed the Total Revolving Credit Commitments. Any such reduction
shall be in an amount equal to $1,000,000, or a whole multiple thereof, and shall reduce permanently the Revolving Credit Commitments
then in effect.

 

2.9            Optional
Prepayments. The Borrower may at any time and from time to time prepay the Loans, in whole or in part, without premium or
penalty (except as otherwise provided herein, including Section 2.3(e)), upon irrevocable notice delivered to the
Administrative Agent, no later than 12:00 noon, New York City time, at least three Business Days prior thereto in the case of
Eurodollar Loans and at least one Business Day prior thereto in the case of Base Rate Loans, which notice shall specify the date and
amount of prepayment and whether the prepayment is of Revolving Credit Loans or Term Loans and whether of Eurodollar Loans or Base
Rate Loans; provided that such notice of prepayment may state that such notice is conditioned upon the effectiveness of other
financing, any public offering or any merger, acquisition or divestiture, in which case such notice may be revoked by notice to the
Administrative Agent on or prior to the specified effective date if such condition is not satisfied (it being understood and agreed
that the foregoing shall not impair or otherwise limit or reduce the Borrower’s obligation to indemnify and hold harmless
Lenders pursuant to Section 2.19(b) in connection with any such default in making any prepayment as specified in a notice
of borrowing that is later revoked); provided, further, that if a Eurodollar Loan is prepaid on any day other than the
last day of the Interest Period applicable thereto, the Borrower shall also pay any amounts owing pursuant to Section 2.19.
Upon receipt of any such notice the Administrative Agent shall promptly notify each relevant Lender thereof. If any such notice is
given, the amount specified in such notice shall be due and payable on the date specified therein, together with (except in the case
of prepayments of Base Rate Loans that are Revolving Credit Loans) accrued interest to such date on the amount prepaid. Partial
prepayments of Revolving Credit Loans shall be in an aggregate principal amount of $1,000,000 or a whole multiple thereof. Voluntary
prepayments of Term Loans shall be applied to any tranche or tranches of Term Loans as specified by the Borrower and, within any
such tranche so specified by the Borrower, to the scheduled principal payments of Loans under such applicable tranche or tranches as
directed by the Borrower and in the absence of such direction, in the direct order of maturity.

 

    55

     

    

 

2.10         Mandatory
Prepayments .  (a)  If any Indebtedness shall be incurred by any Loan Party or its Subsidiaries (excluding any
Indebtedness incurred in accordance with Section 6.2 (other than pursuant to clause (m) thereof)), then on the date of such
incurrence, the Loans shall be prepaid by an amount equal to the amount of the Net Cash Proceeds of such incurrence, as set forth in
Section 2.10(d).

 

(b)            If
on any date the Borrower or any of its Subsidiaries shall receive Net Cash Proceeds from any Asset Sale or Recovery Event then, unless
a Reinvestment Notice shall be delivered in respect thereof, not later than five Business Days following the date of receipt by the Borrower
of such Net Cash Proceeds, the Loans shall be prepaid by an amount equal to the amount of such Net Cash Proceeds, as set forth in Section 2.10(d);
provided that, notwithstanding the foregoing, on each Reinvestment Prepayment Date the Loans shall be prepaid by an amount equal
to the Reinvestment Prepayment Amount with respect to the relevant Reinvestment Event, as set forth in Section 2.10(d). The provisions
of this Section do not constitute a consent to the consummation of any Disposition not permitted by Section 6.5.

 

(c)            [Reserved];

 

(d)            Amounts
to be applied in connection with prepayments made pursuant to this Section 2.10 (other than amounts to be applied in respect of
Indebtedness incurred in accordance with Section 6.2(m)) shall be allocated pro rata among the Tranche B-4 Term Loans, any Other
Term Loans and any Extended Term Loans (except to the extent that (i) any Loan Modification Offer for any Extended Term Loans provides
that such Extended Term Loans shall participate on a lesser basis or not at all or (ii) any Incremental Assumption Agreement for
any Other Term Loans provides that such Other Term Loans shall participate on a lesser basis or not at all) and applied in direct order
of maturity against the remaining scheduled installments of principal due in respect of the Tranche B-4 Term Loans, any Other Term Loans
and any applicable Extended Term Loans under Sections 2.3(a), 2.3(b), 2.3(c) and under the applicable Loan Modification Offer,
respectively; provided that in the event there are no Tranche B-4 Term Loans, Other Term Loans or Extended Term Loans outstanding,
mandatory prepayments shall be applied to the prepayment of outstanding Revolving Credit Loans (without any accompanying mandatory reduction
of the Revolving Credit Commitments) in direct order of maturity, and second to cash collateralize outstanding Letters of Credit pro
rata. Prepayments of Loans shall in all cases be applied first to Base Rate Loans and second to Eurodollar Loans. Amounts
to be applied pursuant to Section 2.10(a) resulting from Indebtedness incurred in accordance with Section 6.2(m) shall
be applied as directed by the Borrower.

 

(e)            The
Borrower shall deliver to the Administrative Agent, at the time of each prepayment required under this Section 2.10, (i) a
certificate signed by a Responsible Officer setting forth in reasonable detail the calculation of the amount of such prepayment and
(ii) to the extent practicable, at least three Business Days’ (but in any event no later than one Business Day’s)
prior written notice of such prepayment. Each notice of prepayment shall specify the prepayment date, the Type of each Loan being
prepaid and the principal amount of each Loan (or portion thereof) to be prepaid. All prepayments of Loans under this
Section 2.10 shall be subject to Section 2.19, but shall otherwise be without premium or penalty, and shall be accompanied
by (except in the case of prepayments of Base Rate Loans that are Revolving Credit Loans) accrued and unpaid interest on the
principal amount to be prepaid to but excluding the date of payment.

 

    56

     

    

 

2.11         Conversion
and Continuation Options.  (a)  The Borrower may elect from time to time to convert Eurodollar Loans to Base
Rate Loans by giving the Administrative Agent at least three Business Days’ prior irrevocable notice of such election, provided
that any such conversion of Eurodollar Loans may only be made on the last day of an Interest Period with respect thereto. The Borrower
may elect, from time to time, to convert Base Rate Loans to Eurodollar Loans by giving the Administrative Agent at least three Business
Days’ prior irrevocable notice of such election (which notice shall specify the length of the initial Interest Period therefor);
provided that no Base Rate Loan may be converted into a Eurodollar Loan (i) when any Event of Default has occurred and is
continuing and the Administrative Agent has or the Majority Facility Lenders in respect of such Facility have determined in its or their
sole discretion not to permit such conversions or (ii) after the date that is one month prior to the final scheduled termination
or maturity date of such Facility. If no Interest Period with respect to any Eurodollar Loan is specified in any such notice, then the
Borrower shall be deemed to have selected an Interest Period of one month’s duration. Upon receipt of any such notice the Administrative
Agent shall promptly notify each relevant Lender thereof.

 

(b)           Any
Eurodollar Loan may be continued as such upon the expiration of the then current Interest Period with respect thereto by the Borrower
giving irrevocable notice to the Administrative Agent, in accordance with the applicable provisions of the term “Interest Period”
set forth in Section 1.1, of the length of the next Interest Period to be applicable to such Loan; provided that no Eurodollar
Loan under a particular Facility may be continued as such (i) when any Event of Default has occurred and is continuing and the Administrative
Agent has or the Majority Facility Lenders in respect of such Facility have determined in its or their sole discretion not to permit
such continuations or (ii) after the date that is one month prior to the final scheduled termination or maturity date of such Facility,
and provided, further, that if the Borrower shall fail to give any required notice as described above in this paragraph
or if such continuation is not permitted pursuant to the preceding proviso such Eurodollar Loan shall be automatically converted to a
Base Rate Loan on the last day of such then expiring Interest Period. Upon receipt of any such notice the Administrative Agent shall
promptly notify each relevant Lender thereof.

 

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

 

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

 

    57

     

    

 

(b)            Each
Base Rate Loan shall bear interest at a rate per annum equal to the Base Rate plus the Applicable Margin.

 

(c)           If
any Event of Default under Section 7(a) or 7(f) has occurred and is continuing, then, from the date of such Event of Default
and for so long as such Event of Default is continuing, to the fullest extent permitted by law, all amounts outstanding under this Agreement
and the other Loan Documents shall bear interest (after as well as before judgment), payable on demand, (i) in the case of principal,
at the rate otherwise applicable to such Loan pursuant to the foregoing provisions of this Section 2.13 plus 2.00% per annum and
(ii) in all other cases, at a rate per annum (computed on the basis of the actual number of days elapsed over a year of 365 or 366
days, as the case may be, when determined by reference to the Prime Rate and over a year of 360 days at all other times) equal to the
rate that would be applicable to Revolving Credit Loans that are Base Rate Loans plus 2.00% per annum.

 

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

 

2.14          Computation
of Interest and Fees. (a)  Interest, fees and commissions payable pursuant hereto shall be calculated on the basis of the
actual number of days elapsed over a year of 365 or 366 days, as the case may be, when determined by reference to the Prime Rate and
over a year of 360 days at all other times. The Administrative Agent shall as soon as practicable notify the Borrower and the relevant
Lenders of each determination of a Eurodollar Rate. Any change in the interest rate on a Loan resulting from a change in the Base Rate
or the Eurocurrency Reserve Requirements shall become effective as of the opening of business on the day on which such change becomes
effective. The Administrative Agent shall as soon as practicable notify the Borrower and the relevant Lenders of the effective date and
the amount of each such change in interest rate.

 

(b)          Each
determination of an interest rate by the Administrative Agent pursuant to any provision of this Agreement shall be conclusive and binding
on the Borrower and the Lenders in the absence of manifest error. The Administrative Agent shall, at the request of the Borrower, deliver
to the Borrower a statement showing the quotations used by the Administrative Agent in determining any interest rate pursuant to Section 2.14(a).

 

2.15         Inability
to Determine Interest Rate and Alternate Rate of Interest(a)   .

 

(a)           If
prior to the first day of any Interest Period:

 

(i)            the
Administrative Agent shall have determined (which determination shall be conclusive and binding upon the Borrower) that, by reason of
circumstances affecting the relevant market, adequate and reasonable means do not exist for ascertaining the Eurodollar Rate (including,
without limitation, because the LIBO Screen Rate is not available or published on a current basis), for such Interest Period, or

 

    58

     

    

 

(ii)           the
Administrative Agent shall have received notice from the Majority Facility Lenders in respect of the relevant Facility that the
Eurodollar Rate determined or to be determined for such Interest Period will not adequately and fairly reflect the cost to such
Lenders (as conclusively certified by such Lenders) of making or maintaining their affected Loans during such Interest
Period,

 

the Administrative Agent shall give telecopy or
telephonic notice thereof to the Borrower and the relevant Lenders as soon as practicable thereafter. If such notice is given (x) any
Eurodollar Loans under the relevant Facility requested to be made on the first day of such Interest Period shall be made as Base Rate
Loans, (y) any Loans under the relevant Facility that were to have been converted on the first day of such Interest Period to Eurodollar
Loans shall be continued as Base Rate Loans and (z) any outstanding Eurodollar Loans under the relevant Facility shall be converted,
on the last day of the then current Interest Period with respect thereto, to Base Rate Loans. Until such notice has been withdrawn by
the Administrative Agent, no further Eurodollar Loans under the relevant Facility shall be made or continued as such, nor shall the Borrower
have the right to convert Loans under the relevant Facility to Eurodollar Loans.

 

(b)            Benchmark
Replacement. Notwithstanding anything to the contrary herein or in any other Loan Document, upon the occurrence of a Benchmark Transition
Event or an Early Opt-in Election, as applicable, the Administrative Agent and the Borrower may amend this Agreement to replace the LIBO
Rate with a Benchmark Replacement. Any such amendment with respect to a Benchmark Transition Event will become effective at 5:00 p.m.,
New York time, on the fifth Business Day after the Administrative Agent has posted such proposed amendment to all Lenders and the Borrower
so long as the Administrative Agent has not received, by such time, written notice of objection to such amendment from Lenders comprising
the Required Lenders. Any such amendment with respect to an Early Opt-in Election will become effective on the date that Lenders comprising
the Required Lenders have delivered to the Administrative Agent written notice that such Required Lenders accept such amendment. No replacement
of the LIBO Rate with a Benchmark Replacement pursuant to this clause (b) will occur prior to the applicable Benchmark Transition
Start Date.

 

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

 

(d)            Notices;
Standards for Decisions and Determinations. The Administrative Agent will promptly notify the Borrower and the Lenders of
(i) any occurrence of a Benchmark Transition Event or an Early Opt-in Election, as applicable, and its related Benchmark
Replacement Date and Benchmark Transition Start Date, (ii) the implementation of any Benchmark Replacement, (iii) the
effectiveness of any Benchmark Replacement Conforming Changes, and (iv) the commencement or conclusion of any Benchmark
Unavailability Period. Any determination, decision or election that may be made by the Administrative Agent or Lenders pursuant to
this Section 2.15, including any determination with respect to a tenor, rate or adjustment or of the occurrence or
non-occurrence of an event, circumstance or date and any decision to take or refrain from taking any action, will be conclusive and
binding absent manifest error and may be made in its or their sole discretion and without consent from any other party hereto,
except, in each case, as expressly required pursuant to this Section 2.15.

 

    59

     

    

 

(e)            Benchmark
Unavailability Period. Upon the Borrower’s receipt of notice of the commencement of a Benchmark Unavailability Period, the
Borrower may revoke any request for a Eurodollar Loan of, conversion to or continuation of Eurodollar Loans to be made, converted or
continued during any Benchmark Unavailability Period and, failing that, the Borrower will be deemed to have converted any such request
into a request for a Loan of or conversion to Base Rate Loans. During any Benchmark Unavailability Period, the component of Base Rate
based upon LIBO Rate will not be used in any determination of Base Rate.

 

2.16          Pro
Rata Treatment and Payments.

 

(a)            Subject
to the express provisions of this Agreement which require, or permit, differing payments to be made to Non-Defaulting Lenders as opposed
to Defaulting Lenders, and other than with respect to any substituted Lender in accordance with Section 2.22 or as required or permitted
under Section 2.20 or 9.21, each borrowing by the Borrower of Loans hereunder, each payment or prepayment of principal in respect
of any Loans hereunder, each payment of commitment fees pursuant to this Agreement, each reduction of the Term Loan Commitments or the
Revolving Credit Commitments and each conversion or continuation of any borrowing of Loans hereunder shall be allocated pro rata
among the Lenders in accordance with their respective applicable Commitments (or if such Commitments shall have expired or been terminated,
in accordance with the respective principal amounts of their outstanding Loans); provided that the foregoing provisions of this
Section 2.16(a) shall not be construed to apply to any payment obtained by a Lender as consideration for the assignment of
or sale of a participation in any of its Loans or Commitments to any assignee or participant, other than to the Borrower or any of its
Subsidiaries or Affiliates (unless made in accordance with Section 9.6(i) hereto) (as to which the foregoing provisions of
this Section 2.16(a) shall apply), made pursuant to and in accordance with the express provisions of this Agreement. Each Lender
agrees that in computing such Lender’s portion of any borrowing of Loans to be made hereunder, the Administrative Agent may, in
its discretion, round each Lender’s percentage of such borrowing of Loans to the next higher or lower whole Dollar amount. Each
payment in respect of Reimbursement Obligations in respect of any Letter of Credit shall be made to the Issuing Lender that issued such
Letter of Credit.

 

(b)            All
payments (including prepayments) to be made by the Borrower hereunder, whether on account of principal, interest, fees or otherwise,
shall be made without setoff or counterclaim and shall be made prior to 12:00 noon, New York City time, on the due date thereof to
the Administrative Agent, for the account of the Lenders, at the Payment Office, in Dollars and in immediately available funds. Any
payment made after 12:00 noon, New York City time, on any Business Day shall be deemed to have been made on the next succeeding
Business Day (or the same Business Day in the Administrative Agent’s sole discretion). The Administrative Agent shall
distribute such payments to the Lenders promptly upon receipt in like funds as received. Except as otherwise expressly provided
herein, if any payment hereunder becomes due and payable on a day other than a Business Day, such payment shall be extended to the
next succeeding Business Day. If any payment on a Eurodollar Loan becomes due and payable on a day other than a Business Day, the
maturity thereof shall be extended to the next succeeding Business Day unless the result of such extension would be to extend such
payment into another calendar month, in which event such payment shall be made on the immediately preceding Business Day. In the
case of any extension of any payment of principal pursuant to the preceding two sentences, interest thereon shall be payable at the
then applicable rate during such extension.

 

    60

     

    

 

(c)            Unless
the Administrative Agent shall have been notified in writing by any Lender prior to a borrowing that such Lender will not make the amount
that would constitute its share of such borrowing available to the Administrative Agent, the Administrative Agent may assume that such
Lender is making such amount available to the Administrative Agent, and the Administrative Agent may, in reliance upon such assumption,
make available to the Borrower a corresponding amount. If such amount is not made available to the Administrative Agent by the required
time on the Borrowing Date therefor, such Lender shall pay to the Administrative Agent, on demand, such amount with interest thereon
at a rate equal to the daily average Federal Funds Effective Rate for the period until such Lender makes such amount immediately available
to the Administrative Agent. A certificate of the Administrative Agent submitted to any Lender with respect to any amounts owing under
this paragraph shall be conclusive in the absence of manifest error. If such Lender’s share of such borrowing is not made available
to the Administrative Agent by such Lender within three Business Days of such Borrowing Date, the Administrative Agent shall also be
entitled to recover such amount with interest thereon at the rate per annum applicable to Base Rate Loans under the relevant Facility,
on demand, from the Borrower.

 

(d)            Unless
the Administrative Agent shall have been notified in writing by the Borrower prior to the date of any payment due to be made hereunder
that the Borrower will not make such payment to the Administrative Agent, the Administrative Agent may assume that the Borrower is making
such payment, and the Administrative Agent may, but shall not be required to, in reliance upon such assumption, make available to the
Lenders their respective pro rata shares of a corresponding amount. If such payment is not made to the Administrative Agent by
the Borrower within three Business Days of such due date, the Administrative Agent shall be entitled to recover, on demand, from each
Lender to which any amount which was made available pursuant to the preceding sentence, such amount with interest thereon at a rate per
annum equal to the daily average Federal Funds Effective Rate. Nothing herein shall be deemed to limit the rights of the Administrative
Agent or any Lender against the Borrower.

 

2.17          Requirements
of Law. (a)  Notwithstanding any other provision of this Agreement, if any Change in Law shall:

 

(i)            subject
the Administrative Agent, any Lender or the Issuing Lender to any Taxes in connection with this Agreement or any loan, letter of credit
or commitment made hereunder or its deposits, reserves, other liabilities or capital attributable thereto, or change the basis of taxation
of payments in respect thereof (except for Indemnified Taxes or Other Taxes that are the subject of Section 2.18 and the imposition
of any Excluded Tax payable by such Lender or the Issuing Lender);

 

(ii)            impose,
modify or hold applicable any reserve, special deposit, compulsory loan or similar requirement against assets held by, deposits or
other liabilities in or for the account of, advances, loans or other extensions of credit by, or any other acquisition of funds by,
any Lender or the Issuing Lender or any office of such Lender or the Issuing Lender (except any such reserve requirement that is
included in the determination of the Eurodollar Rate hereunder); or

 

    61

     

    

 

(iii)           shall
impose on such Lender or the Issuing Lender or the London interbank market any other condition affecting this Agreement or Eurodollar
Loans made by such Lender or any Letter of Credit or participation therein;

 

and the result of any of the foregoing shall be to increase the cost
to such Lender or the Issuing Lender, by an amount which such Lender or the Issuing Lender deems to be material, of making, converting
into, continuing or maintaining Eurodollar Loans or issuing, maintaining or participating in Letters of Credit, or to reduce any amount
received or receivable hereunder in respect thereof (whether of principal, interest or otherwise), then, in any such case, the Borrower
shall promptly pay such Lender or the Issuing Lender, upon its demand, any additional amounts necessary to compensate such Lender or
the Issuing Lender for such increased cost or reduced amount received or receivable. If any Lender or the Issuing Lender becomes entitled
to claim any additional amounts pursuant to this Section, it shall promptly notify the Borrower (with a copy to the Administrative Agent)
of the event by reason of which it has become so entitled.

 

(b)            If
any Lender or the Issuing Lender shall have determined that any Change in Law regarding capital adequacy or liquidity requirements has
or would have the effect of reducing the rate of return on such Lender’s or the Issuing Lender’s capital or liquidity (or
on the capital or liquidity of such Lender’s or the Issuing Lender’s holding company) as a consequence of this Agreement
or the Loans made or participations in Letters of Credit purchased by such Lender pursuant hereto or the Letters of Credit issued by
the Issuing Lender pursuant hereto to a level below that which such Lender or the Issuing Lender of such Lender’s or the Issuing
Lender’s holding company could have achieved but for such Change in Law (taking into consideration such Lender’s or the Issuing
Lender’s policies and the policies of such Lender’s or the Issuing Lender’s holding company with respect to capital
adequacy or liquidity requirements) by an amount deemed by such Lender or the Issuing Lender to be material, then from time to time,
after submission by such Lender or the Issuing Lender to the Borrower (with a copy to the Administrative Agent) of a written request
therefor, the Borrower shall pay to such Lender or the Issuing Lender such additional amount or amounts as will compensate such Lender
or the Issuing Lender or such Lender’s or the Issuing Lender’s holding company for such reduction.

 

(c)            A
certificate as to any additional amounts payable pursuant to this Section submitted by any Lender or the Issuing Lender or their
respective applicable holding company to the Borrower setting out in reasonable detail the method of determination of such additional
amounts (with a copy to the Administrative Agent) shall be conclusive in the absence of manifest error. The Borrower shall pay such Lender
or the Issuing Lender the amount shown as due on any such certificate delivered by it within 10 days after its receipt of the same.
The obligations of the Borrower pursuant to this Section shall survive the termination of this Agreement and the payment of amounts
payable hereunder.

 

(d)            Failure
or delay on the part of any Lender or the Issuing Lender to demand compensation for any increased costs or reduction in amounts
received or receivable or reduction in return on capital shall not constitute a waiver of such Lender’s or the Issuing
Lender’s right to demand such compensation; provided that the Borrower shall not be under any obligation to compensate
any Lender or the Issuing Lender under paragraph (a) or (b) above with respect to increased costs or reductions with
respect to any period prior to the date that is 120 days prior to such request if such Lender or the Issuing Lender knew or
could reasonably have been expected to know of the circumstances giving rise to such increased costs or reductions and of the fact
that such circumstances would result in a claim for increased compensation by reason of such increased costs or reductions; provided
further that the foregoing limitation shall not apply to any increased costs or reductions arising out of the retroactive
application of any Change in Law within such 120-day period. The protection of this Section shall be available to each Lender
and the Issuing Lender regardless of any possible contention of the invalidity or inapplicability of the Change in Law that shall
have occurred or been imposed.

 

    62

     

    

 

2.18         Taxes.  (a)Any
and all payments by or on account of any obligation of the Borrower or any other Loan Party hereunder or under any other Loan Document
shall be made free and clear of and without deduction for any Taxes, except as required by applicable law; provided that, if any
Indemnified Taxes or Other Taxes are required by law to be withheld or deducted from such payments, then (i) the sum payable by
the Borrower or any other Loan Party shall be increased as necessary so that after making all required deductions (including deductions
applicable to additional sums payable under this Section) the Administrative Agent, each Lender and the Issuing Lender (as the case may
be) receives an amount equal to the sum it would have received had no such deductions or withholdings been made, (ii) the Borrower
or such Loan Party, or the Administrative Agent shall make such deductions or withholdings and (iii) the Borrower or such Loan Party,
or the Administrative Agent shall pay the full amount deducted or withheld to the relevant Governmental Authority in accordance with
applicable law.

 

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

 

(c)           The
Borrower shall indemnify the Administrative Agent, each Lender and the Issuing Lender, within 10 days after written demand therefor,
for the full amount of any Indemnified Taxes or Other Taxes paid by the Administrative Agent, such Lender or the Issuing Lender, as the
case may be, on or with respect to any payment by or on account of any obligation of the Borrower or any other Loan Party hereunder or
under any other Loan Document (including Indemnified Taxes or Other Taxes imposed or asserted on or attributable to amounts payable under
this Section) and any penalties, interest and reasonable expenses arising therefrom or with respect thereto, whether or not such Indemnified
Taxes or Other Taxes were correctly or legally imposed or asserted by the relevant Governmental Authority. A certificate as to the amount
of such payment or liability delivered to the Borrower by a Lender or the Issuing Lender, or by the Administrative Agent on behalf of
itself, a Lender or the Issuing Lender, shall be conclusive absent manifest error.

 

(d)           As
soon as practicable after any payment of Indemnified Taxes or Other Taxes by the Borrower or any other Loan Party to a Governmental Authority,
the Borrower 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.

 

    63

     

    

 

(e)            (i) Any
Lender that is entitled to an exemption from or reduction of withholding Tax with respect to payments made under any Loan Document shall
deliver to the Borrower and the Administrative Agent, at the time or times reasonably requested by the Borrower or the Administrative
Agent, such properly completed and executed documentation reasonably requested by the Borrower or the Administrative Agent as will permit
such payments to be made without withholding or at a reduced rate of withholding. In addition, any Lender, if requested by the Borrower
or the Administrative Agent, shall deliver such other documentation prescribed by law as will enable the Borrower or the Administrative
Agent to determine whether or not such Lender is subject to any withholding (including backup withholding) or information reporting requirements.
Notwithstanding anything to the contrary in the preceding two sentences, the completion, execution and submission of such documentation
(other than such documentation set forth in Section 2.18(e)(ii) and (f)) shall not be required if in the Lender's judgment
such completion, execution or submission would subject such Lender to any material unreimbursed cost or expense (or, in the case of a
Change in Law, any incremental material unreimbursed cost or expense) or would materially prejudice the legal or commercial position
of such Lender or if such Lender is not legally eligible to deliver such documentation. Upon the reasonable request of such Borrower
or the Administrative Agent, any Lender shall update any form or certification previously delivered pursuant to this Section 2.18(e).
If any form or certification previously delivered pursuant to this Section 2.18(e) expires or becomes obsolete or inaccurate
in any respect with respect to a Lender, such Lender shall promptly notify such Borrower and the Administrative Agent in writing of such
expiration, obsolescence or inaccuracy and update the form or certification or notify the Borrower and the Administrative Agent in writing
of its legal ineligibility to do so.

 

 (ii)            Without
limiting the generality of the foregoing, any Foreign Lender shall, if it is legally eligible to do so, deliver to such Borrower and
the Administrative Agent on or prior to the date on which such Lender becomes a party hereto and from time to time thereafter upon the
expiration of the previously delivered form or upon the reasonable request of the Borrower or the Administrative Agent, two accurate
and complete executed copies of whichever of the following is applicable: (A) IRS Form W-8BEN or W-8BEN-E (or the relevant
successor form) claiming eligibility for benefits of an income tax treaty to which the U.S. is a party; (B) IRS Form W-8ECI
(or its successor form); (C) IRS Form W-8IMY (or its successor form), together with any required attachments; (D) IRS
Form W-8EXP (or its successor form); or (E) in the case of a Foreign Lender claiming the benefits of the exemption for portfolio
interest under the Code both, IRS Form W-8BEN or W-8BEN-E and a U.S. Tax Compliance Certificate substantially in the applicable
form of Exhibit H; provided that if a Foreign Lender is a partnership and one or more direct or indirect partners of such
Foreign Lender are claiming the portfolio interest exemption, such Foreign Lender may provide a U.S. Tax Compliance Certificate on behalf
of each such direct and indirect partner. Any Lender that is not a Foreign Lender shall deliver to Borrower and the Administrative Agent
(at the times and in the manner provided with respect to Foreign Lenders under the preceding sentence) IRS Form W-9 (or its successor
form).

 

    64

     

    

 

 

(f)            If
a payment made to a Lender under this Agreement would be subject to U.S. Federal withholding Tax imposed by FATCA if such Lender were
to fail to comply with the applicable reporting requirements of FATCA (including those contained in Section 1471(b) or 1472(b) of
the Code, as applicable), such Lender shall deliver to the Administrative Agent, at the time or times prescribed by law and at such time
or times reasonably requested by the Administrative Agent, such documentation prescribed by applicable law (including as prescribed by
Section 1471(b)(3)(C)(i) of the Code) and such additional documentation reasonably requested by the Administrative Agent as
may be necessary for the Administrative Agent to comply with its obligations under FATCA, to determine that such Lender has or has not
complied with such Lender's obligations under FATCA or to determine the amount to deduct and withhold from such payment. Solely for purposes
of this Section 2.18(f), “FATCA” shall include any amendments made to FATCA after the date of this Agreement.

 

(g)           If
the Administrative Agent, any Lender or the Issuing Lender determines, in its sole discretion exercised in good faith, that it has received
a refund of any Taxes as to which it has been indemnified by the Borrower or with respect to which the Borrower has paid additional amounts
pursuant to this Section 2.18, it shall pay over such refund to the Borrower (but only to the extent of indemnity payments made,
or additional amounts paid, by the Borrower 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 the Issuing Lender, 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 the Borrower, upon the
request of the Administrative Agent, such Lender or the Issuing Lender agrees to repay the amount paid over to the Borrower (plus any
interest, penalties or other charges imposed by the relevant Governmental Authority) to the Administrative Agent, such Lender or the
Issuing Lender in the event the Administrative Agent, such Lender or the Issuing Lender is required to repay such refund to such Governmental
Authority. Notwithstanding anything to the contrary in this Section 2.18(g), in no event will the Administrative Agent, any Lender
or the Issuing Lender be required to pay any amount to the Borrower pursuant to this paragraph if the payment of such amount would place
the Administrative Agent, such Lender or the Issuing Lender in a less favorable net after-Tax position than it would have been in if
the indemnification payments or additional amounts giving rise to such refund had never been paid. Nothing in this Section 2.18(g) shall
be construed to require the Administrative Agent, any Lender or the Issuing Lender to make available its Tax returns or any other information
relating to its Taxes that it deems confidential to the Borrower or any other Person.

 

(h)           For
the avoidance of doubt, for purposes of determining withholding Taxes imposed under FATCA, (a) as of the Third Amendment Effective
Date, the Tranche B-4 Loan Terms issued on the Third Amendment Effective Date shall not and (b) as of the Fourth Amendment Effective
Date, the Fourth Amendment Incremental Term Loans issued on the Fourth Amendment Effective Date shall not, in each case, qualify as “grandfathered
obligations” within the meaning of Treasury Regulation Section 1.1471-2(b)(2)(i) or 1.1471-2T(b)(2)(i).

 

(i)            Barclays,
as Administrative Agent, and any successor or supplemental Administrative Agent that is not a “United States person” within
the meaning of Section 7701(a)(3) of the Code, shall deliver to the Borrower, on or prior to the date on which it becomes a
party to this Agreement, two duly completed copies of IRS Form W-8IMY, with the effect that the Borrower may make payments to the
Administrative Agent, to the extent such payments are received by the Administrative Agent as an intermediary, without deduction
or withholding of any Taxes imposed by the United States.

 

    65

     

    

 

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

 

2.20         Illegality.
Notwithstanding any other provision herein, if any Change in Law shall make it unlawful for any Lender to make or maintain Eurodollar
Loans as contemplated by this Agreement or to give effect to its obligations as contemplated hereby with respect to any Eurodollar Loan,
then (a) the commitment of such Lender hereunder to make Eurodollar Loans, continue Eurodollar Loans as such and convert Base Rate
Loans to Eurodollar Loans shall forthwith be canceled, (b) such Lender’s Loans then outstanding as Eurodollar Loans, if any,
shall be converted automatically to Base Rate Loans on the respective last days of the then current Interest Periods with respect to
such Loans or within such earlier period as required by law and (c) all payments and prepayments of principal that would otherwise
have been applied to repay the Eurodollar Loans that would have been made by such Lender or the converted Eurodollar Loans of such Lender
shall instead be applied to repay the Base Rate Loans made by such Lender in lieu of, or resulting from the conversion of, such Eurodollar
Loans. If any such conversion of a Eurodollar Loan occurs on a day which is not the last day of the then current Interest Period with
respect thereto, the Borrower shall pay to such Lender such amounts, if any, as may be required pursuant to Section 2.19.

 

2.21         Change
of Lending Office. Each Lender agrees that, upon the occurrence of any event giving rise to the operation of Section 2.17, 2.18(a) or
2.20 with respect to such Lender, it will, if requested by the Borrower, use reasonable efforts (subject to overall policy considerations
of such Lender) to designate another lending office for any Loans affected by such event with the object of avoiding the consequences
of such event; provided that such designation is made on terms that, in the sole judgment of such Lender, cause such Lender and
its lending office(s) to suffer no economic, legal or regulatory disadvantage, and provided, further, that nothing
in this Section shall affect or postpone any of the obligations of the Borrower or the rights of any Lender pursuant to Section 2.17,
2.18(a) or 2.20. The Borrower hereby agrees to pay all reasonable costs and expenses incurred by any Lender in connection with any
such designation or assignment.

 

    66

     

    

 

2.22         Substitution
of Lenders. Upon the receipt by the Borrower from any Lender of a claim under Section 2.17, 2.18 or 2.20, or upon receipt by
the Borrower of written notice that any Lender has become a Defaulting Lender in accordance with the provisions set forth in the definition
of “Defaulting Lender”, or if any Lender refuses to consent to any amendment, waiver or other modification of any Loan Document
requested by the Borrower that requires the consent of all Lenders directly affected thereby and such amendment, waiver or other modification
is consented to by the Required Lenders, the Borrower may: (a) request one more of the other Lenders to acquire and assume all or
part of such Lender’s Loans, Reimbursement Obligations and Revolving Credit Commitment; or (b) replace such Lender by designating
another Lender or a financial institution that is willing to acquire such Loans and Reimbursement Obligations and assume such Revolving
Credit Commitment; provided that (i) such replacement does not conflict with any Requirement of Law, (ii) no Event of
Default (other than, in the case of the replacement of a Defaulting Lender, as a result of the failure of the Borrower to satisfy its
cash collateralization obligations pursuant to Section 2.31(a)(ii)) shall have occurred and be continuing at the time of such replacement,
(iii) the Borrower shall repay (or the replacement bank or institution shall purchase, at par) all Loans and Reimbursement Obligations,
accrued interest, fees and other amounts owing to such replaced Lender prior to the date of replacement (including all amounts then owing
to such replaced Lender pursuant to Sections 2.17, 2.18 and 2.20 and, if applicable, the prepayment fee pursuant to Section 2.3(d) (with
such assignment being deemed to be a voluntary prepayment for purposes of determining the applicability of Section 2.9, such amount
to be payable by the Borrower)), (iv) the Borrower shall be liable to such replaced Lender under Section 2.19 if any Eurodollar
Loan owing to such replaced Lender shall be prepaid (or purchased) other than on the last day of the Interest Period relating thereto,
(v) the replacement bank or institution, if not already a Lender, shall be reasonably satisfactory to the Administrative Agent and
the Issuing Lender, and (vi) the replaced Lender shall be obligated to make such replacement in accordance with the provisions of
Section 9.6 (provided that the Borrower or replacement Lender shall be obligated to pay the registration and processing fee
except in the case of a Defaulting Lender). Each of the Issuing Lender and each Lender hereby grants to the Administrative Agent an irrevocable
power of attorney (which power is coupled with an interest) to execute and deliver, on behalf of the Issuing Lender or such Lender, as
the case may be, as assignor, any Assignment and Assumption necessary to effectuate any assignment of the Issuing Lender’s or such
Lender’s interests hereunder in the circumstances contemplated by this Section 2.22. 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 Borrower to require such assignment and delegation cease to apply.

 

2.23         L/C
Commitment. (a) Subject to the terms and conditions hereof, each Issuing Lender, in reliance on the agreements of the other
Revolving Credit Lenders set forth in Section 2.26(a), agrees to issue letters of credit (the letters of credit issued on and after
the Closing Date, together with the Existing Letters of Credit, collectively, the “Letters of Credit”) for the account
of the Borrower on any Business Day during the period commencing on the Closing Date and ending 30 days prior to the Revolving Credit
Termination Date in such form as may be approved from time to time by such Issuing Lender; provided that no Issuing Lender shall
have any obligation to issue any Letter of Credit, and no Revolving Credit Lender shall have any obligations to participate in any Letter
of Credit, if, after giving effect to such issuance or participation, (i) the L/C Obligations would exceed the L/C Commitment or
(ii) the aggregate amount of the Available Revolving Credit Commitments would be less than zero; provided, further,
that in no event shall Barclays, RBC, Bank of America, Credit Suisse, Deutsche Bank AG New York Branch, Bank of Montreal, Citizens, TD
Securities or Rabobank, or any of their respective offices, branches or Affiliates, in each case to the extent that it is an Issuing
Lender hereunder, be required to issue any trade Letter of Credit. Each Letter of Credit shall (i) be denominated in Dollars and
(ii) expire no later than the earlier of (x) the first anniversary of its date of issuance and (y) the date which is five
Business Days prior to the Revolving Credit Termination Date, provided that any Letter of Credit with a one-year term may provide
for the renewal thereof for additional one-year periods (which shall in no event extend beyond the date referred to in clause (y) above).

 

    67

     

    

 

(b)           No
Issuing Lender shall at any time be obligated to issue any Letter of Credit hereunder if such issuance would conflict with, or cause
such Issuing Lender or any L/C Participant to exceed any limits imposed by, any applicable Requirement of Law. Notwithstanding anything
to the contrary contained in this Section 2.23 or elsewhere in this Agreement, in the event that a Revolving Credit Lender
is a Defaulting Lender, the Issuing Lender shall not be required to issue any Letter of Credit unless such Defaulting Lender’s
Revolving Credit Percentage of the L/C Obligations, after giving effect to the issuance of such Letter of Credit, may be reallocated
among Non-Defaulting Lenders in accordance with Section 2.31(a)(iv) or, if such reallocation is not available in accordance
with such Section, each Issuing Bank has entered into arrangements satisfactory to it and the Borrower to eliminate such Issuing Bank’s
risk with respect to the participation in Letters of Credit by all such Defaulting Lenders, which may include by cash collateralizing
each such Defaulting Lender’s Pro Rata Percentage of each Letter of Credit issued while such Defaulting Lender remains a Defaulting
Lender.

 

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

 

    68

     

    

 

2.25         Fees
and Other Charges. (a) The Borrower will pay a fee on the aggregate drawable amount of all outstanding Letters of Credit at
a per annum rate equal to the Applicable Margin then in effect with respect to Revolving Credit Loans that are Eurodollar Loans, shared
ratably among the Lenders and payable quarterly in arrears on each L/C Fee Payment Date after the issuance date. In addition, the Borrower
shall pay to each Issuing Lender for its own account a fronting fee in an amount equal to 0.25% of the aggregate drawable amount of all
outstanding Letters of Credit issued by it, payable quarterly in arrears on each L/C Fee Payment Date after the date of Issuance.

 

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

 

2.26         L/C
Participations.  (a) Each Issuing Lender irrevocably agrees to grant and hereby grants to each L/C Participant,
and, to induce each Issuing Lender to issue Letters of Credit hereunder, each L/C Participant irrevocably agrees to accept and purchase
and hereby accepts and purchases from each Issuing Lender, on the terms and conditions hereinafter stated, for such L/C Participant’s
own account and risk an undivided interest equal to such L/C Participant’s Revolving Credit Percentage in each Issuing Lender’s
obligations and rights under and in respect of each Letter of Credit issued by such Issuing Lender hereunder and the amount of each draft
paid by such Issuing Lender thereunder. Each L/C Participant unconditionally and irrevocably agrees with each Issuing Lender that, if
a draft is paid under any Letter of Credit by such Issuing Lender for which such Issuing Lender is not reimbursed in full by the Borrower
in accordance with the terms of this Agreement, such L/C Participant shall pay to such Issuing Lender upon demand at such Issuing Lender’s
address for notices specified herein an amount equal to such L/C Participant’s Revolving Credit Percentage of the amount of such
draft, or any part thereof, that is not so reimbursed.

 

(b)           If
any amount required to be paid by any L/C Participant to an Issuing Lender pursuant to Section 2.26(a) in respect of any unreimbursed
portion of any payment made by such Issuing Lender under any Letter of Credit is paid to such Issuing Lender within three Business Days
after the date such payment is due, such L/C Participant shall pay to such Issuing Lender on demand an amount equal to the product of
(i) such amount, times (ii) the daily average Federal Funds Effective Rate during the period from and including the date such
payment is required to the date on which such payment is immediately available to such Issuing Lender, times (iii) a fraction the
numerator of which is the number of days that elapse during such period and the denominator of which is 360. If any such amount required
to be paid by any L/C Participant pursuant to Section 2.26(a) is not made available to such Issuing Lender by such L/C Participant
within three Business Days after the date such payment is due, such Issuing Lender shall be entitled to recover from such L/C Participant,
on demand, such amount with interest thereon calculated from such due date at the rate per annum applicable to Base Rate Loans under
the Revolving Credit Facility. A certificate of such Issuing Lender submitted to any L/C Participant with respect to any such amounts
owing under this Section shall be conclusive in the absence of manifest error.

 

(c)           Whenever,
at any time after an Issuing Lender has made payment under any Letter of Credit and has received from any L/C Participant its pro
rata share of such payment in accordance with Section 2.26(a), such Issuing Lender receives any payment related to such
Letter of Credit (whether directly from the Borrower or otherwise, including proceeds of collateral applied thereto by such Issuing Lender),
or any payment of interest on account thereof, such Issuing Lender will distribute to such L/C Participant its pro rata share
thereof; provided, however, that in the event that any such payment received by such Issuing Lender shall be required to
be returned by such Issuing Lender, such L/C Participant shall return to such Issuing Lender the portion thereof previously distributed
by such Issuing Lender to it.

 

    69

     

    

 

(d)           Each
Revolving Credit Lender’s obligation to purchase, pursuant to Section 2.26(a), such Lender’s Revolving Credit Percentage
in each Issuing Lender’s obligations and rights under and in respect of each Letter of Credit issued by such Issuing Lender hereunder
shall be absolute and unconditional and shall not be affected by any circumstance, including, without limitation, (i) any setoff,
counterclaim, recoupment, defense or other right which such Lender or the Borrower may have against such Issuing Lender, the Borrower
or any other Person for any reason whatsoever; (ii) the occurrence or continuance of a Default or an Event of Default or the failure
to satisfy any of the other conditions specified in Section 4; (iii) any adverse change in the condition (financial or otherwise)
of the Borrower or any other Loan Party; (iv) any breach of this Agreement or any other Loan Document by the Borrower, any other
Loan Party or any other Lender; or (v) any other circumstance, happening or event whatsoever, whether or not similar to any of the
foregoing.

 

2.27         Reimbursement
Obligation of the Borrower. The Borrower agrees to reimburse each Issuing Lender on each date on which such Issuing Lender notifies
the Borrower of the date and amount of a draft presented under any Letter of Credit and paid by such Issuing Lender (but in any event
no such reimbursement shall be required before the date on which Base Rate Loans would be made (or the procedure specified in Section 2.26
would become applicable) as described in the last two sentences of this Section) for the amount of (a) such draft so paid and (b) any
taxes, fees, charges or other costs or expenses incurred by such Issuing Lender in connection with such payment (the amounts described
in the foregoing clauses (a) and (b) in respect of any drawing, collectively, the “Payment Amount”). Each
such payment shall be made to such Issuing Lender at its address for notices specified herein in lawful money of the United States of
America and in immediately available funds. Interest shall be payable on each Payment Amount from the date of the applicable drawing
until payment in full at the rate set forth in (i) until the second Business Day following the date of the applicable drawing, Section 2.13(b) and
(ii) thereafter, Section 2.13(c). Each drawing under any Letter of Credit shall (unless an event of the type described in clause
(i) or (ii) of Section 7(f) shall have occurred and be continuing with respect to the Borrower, in which case the
procedures specified in Section 2.26 for funding by L/C Participants shall apply) constitute a request by the Borrower to the Administrative
Agent for a borrowing pursuant to Section 2.5 of Base Rate Loans in the amount of such drawing. The Borrowing Date with respect
to such borrowing shall be the first date on which a borrowing of Revolving Credit Loans could be made, pursuant to Section 2.5,
if the Administrative Agent had received a notice of such borrowing at the time of such drawing under such Letter of Credit.

 

2.28         Obligations
Absolute. The Borrower’s obligations under Sections 2.23 through 2.29 shall be absolute and unconditional under any and all
circumstances and irrespective of any setoff, counterclaim or defense to payment that the Borrower may have or have had against any Issuing
Lender, any L/C Participant, any beneficiary of a Letter of Credit or any other Person. The Borrower also agrees that each Issuing
Lender and the L/C Participant shall not be responsible for, and the Borrower’s Reimbursement Obligations under Section 2.27
shall not be affected by, among other things, the validity or genuineness of documents or of any endorsements thereon, even though such
documents shall in fact prove to be invalid, fraudulent or forged, or any dispute between or among the Borrower and any beneficiary of
any Letter of Credit or any other party to which such Letter of Credit may be transferred or any claims whatsoever of the Borrower against
any beneficiary of such Letter of Credit or any such transferee. No Issuing Lender or L/C Participant shall be liable for any error,
omission, interruption or delay in transmission, dispatch or delivery of any message or advice, however transmitted, in connection with
any Letter of Credit, except for errors or omissions found by a final and nonappealable decision of a court of competent jurisdiction
to have resulted from the gross negligence, willful misconduct or bad faith of such Issuing Lender. The Borrower agrees that any action
taken or omitted by an Issuing Lender under or in connection with any Letter of Credit issued by it or the related drafts or documents,
if done in the absence of gross negligence, willful misconduct or bad faith and in accordance with the standards of care specified in
the Uniform Commercial Code of the State of New York, shall be binding on the Borrower and shall not result in any liability of such
Issuing Lender or any L/C Participant to the Borrower.

 

    70

     

    

 

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

 

2.30         Applications.
To the extent that any provision of any Application related to any Letter of Credit is inconsistent with the provisions of Sections 2.23
through 2.29, the provisions of Sections 2.23 through 2.29 shall apply; provided, however, that any term, condition or
provision of any Application which is in addition to, or the subject matter of which is not in, part of or covered by, the provisions
of Sections 2.23 through 2.29 shall not be considered as being or deemed to be in conflict with or inconsistent with the provisions of
Sections 2.23 through 2.29.

 

2.31         Defaulting
Lenders. (a) Notwithstanding anything to the contrary contained in this Agreement, if any Lender becomes a Defaulting Lender,
then the following provisions shall apply for so long as such Lender is a Defaulting Lender:

 

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

 

    71

     

    

 

(ii)           Defaulting
Lender Waterfall. Any payment of principal, interest, fees or other amounts received by the Administrative Agent for the account
of such Defaulting Lender (whether voluntary or mandatory, at maturity, pursuant to Section 7 or otherwise) or received by the Administrative
Agent from a Defaulting Lender pursuant to Section 9.7 shall be applied at such time or times as may be determined by the Administrative
Agent as follows: first, to the payment of any amounts owing by such Defaulting Lender to the Administrative Agent hereunder;
second, to the payment on a pro rata basis of any amounts owing by such Defaulting Lender to the Issuing Lender hereunder; third,
to cash collateralize the Issuing Lender’s Fronting Exposure with respect to such Defaulting Lender in accordance with Section 2.31(d);
fourth, as the Borrower may request (so long as no Default or Event of Default exists), to the funding of any Loan in respect
of which such Defaulting Lender has failed to fund its portion thereof as required by this Agreement, as determined by the Administrative
Agent; fifth, if so determined by the Administrative Agent and the Borrower, to be held in a deposit account and released pro
rata in order to (x) satisfy such Defaulting Lender’s potential future funding obligations with respect to Loans under this
Agreement and (y) cash collateralize the Issuing Lender’s future Fronting Exposure with respect to such Defaulting Lender
with respect to future Letters of Credit issued under this Agreement, in accordance with Section 2.31(d); sixth, to the payment
of any amounts owing to the Lenders or the Issuing Lender as a result of any judgment of a court of competent jurisdiction obtained by
any Lender or the Issuing Lender against such Defaulting Lender as a result of such Defaulting Lender’s breach of its obligations
under this Agreement; seventh, so long as no Default or Event of Default exists, to the payment of any amounts owing to the Borrower
as a result of any judgment of a court of competent jurisdiction obtained by the Borrower against such Defaulting Lender as a result
of such Defaulting Lender’s breach of its obligations under this Agreement; and eighth, so long as payment on account of
any amount owing to the Borrower as a result of any judgment of a court of competent jurisdiction obtained by the Borrower against the
Defaulting Lender required to be paid under the seventh clause above has been made, to such Defaulting Lender or as otherwise directed
by a court of competent jurisdiction; provided that if (x) such payment is a payment of the principal amount of any Loans
or L/C Disbursements in respect of which such Defaulting Lender has not fully funded its appropriate share, and (y) such Loans were
made or the related Letters of Credit were issued at a time when the conditions set forth in Section 4.2 were satisfied or waived,
such payment shall be applied solely to pay the Loans of, and L/C Disbursements owed to, all Lenders that are not Defaulting Lenders
(such Lenders, “Non-Defaulting Lenders”) on a pro rata basis prior to being applied to the payment of any Loans of,
or L/C Disbursements owed to, such Defaulting Lender until such time as all Loans and L/C Exposure are held by the Lenders pro rata in
accordance with the Commitments under the applicable facility without giving effect to Section 2.31(a)(iv). Any payments, prepayments
or other amounts paid or payable to a Defaulting Lender that are applied (or held) to pay amounts owed by a Defaulting Lender or to post
cash collateral pursuant to this Section 2.31(a)(ii) shall be deemed paid to and redirected by such Defaulting Lender, and
each Lender irrevocably consents hereto.

 

(iii)          Certain
Fees. (A) No Defaulting Lender shall be entitled to receive any Commitment Fee for any period during which that Lender is a
Defaulting Lender (and the Borrower shall not be required to pay any such fee that otherwise would have been required to have been paid
to that Defaulting Lender).

 

    72

     

    

 

(A)            Each
Defaulting Lender shall be entitled to receive L/C Participation Fees for any period during which that Lender is a Defaulting Lender
only to the extent allocable to its Pro Rata Percentage of the stated amount of Letters of Credit for which it has provided cash collateral
pursuant to Section 2.31(d).

 

(B)            With
respect to any L/C Participation Fee not required to be paid to any Defaulting Lender pursuant to clause (B) above, the Borrower
shall (x) pay to each Non-Defaulting Lender that portion of any such fee otherwise payable to such Defaulting Lender with respect
to such Defaulting Lender’s obligation to fund participations in respect of Letters of Credit that have been reallocated to such
Non-Defaulting Lender pursuant to clause (iv) below, (y) pay to the Issuing Lender the amount of any such fee otherwise payable
to such Defaulting Lender to the extent allocable to the Issuing Lender’s Fronting Exposure to such Defaulting Lender, and (z) not
be required to pay the remaining amount of any such fee

 

(iv)          Reallocation
of Participations to Reduce Fronting Exposure. All or any part of such Defaulting Lender’s obligation to fund participations
in respect of Letters of Credit shall be reallocated among the Non-Defaulting Lenders in accordance with their respective Pro Rata Percentages
(calculated without regard to such Defaulting Lender’s Commitment) but only to the extent that (x) the conditions set forth
in Section 4.2 are satisfied at the time of such reallocation (and, unless the Borrower shall have otherwise notified the Administrative
Agent at such time, the Borrower shall be deemed to have represented and warranted that such conditions are satisfied at such time),
and (y) such reallocation does not cause the aggregate Revolving Extensions of Credit of any Non-Defaulting Lender to exceed such
non-Defaulting Lender’s Revolving Credit Commitment. Subject to Section 9.24, no reallocation hereunder shall constitute
a waiver or release of any claim of any party hereunder against a Defaulting Lender arising from that Lender having become a Defaulting
Lender, including any claim of a Non-Defaulting Lender as a result of such Non-Defaulting Lender’s increased exposure following
such reallocation.

 

(v)           Cash
Collateral. If the reallocation described in clause (iv) above cannot, or can only partially, be effected, the Borrower shall,
without prejudice to any right or remedy available to it hereunder or under law, cash collateralize the Issuing Lender’s Fronting
Exposure in accordance with the procedures set forth in Section  2.31(d).

 

(b)            Defaulting
Lender Cure. If the Borrower, the Administrative Agent and the Issuing Lender agree in writing that a Lender is no longer a Defaulting
Lender, the Administrative Agent will so notify the parties hereto, whereupon as of the effective date specified in such notice and subject
to any conditions set forth therein (which may include arrangements with respect to any cash collateral), that Lender will, to the extent
applicable, purchase at par that portion of outstanding Loans of the other Lenders or take such other actions as the Administrative Agent
may determine to be necessary to cause the Loans and funded and unfunded participations in Letters of Credit to be held pro rata by the
Lenders in accordance with the Commitments under the applicable facility (without giving effect to Section 2.31(a)(iv), whereupon
such Lender will cease to be a Defaulting Lender; provided that no adjustments will be made retroactively with respect to
fees accrued or payments made by or on behalf of the Borrower while that Lender was a Defaulting Lender; and provided, further,
that except to the extent otherwise expressly agreed by the affected parties, no change hereunder from Defaulting Lender to Lender will
constitute a waiver or release of any claim of any party hereunder arising from that Lender’s having been a Defaulting Lender;
and provided, further, that if any amounts would be due to the Non-Defaulting Lenders under Section 2.19 as a result
of a payment of a Eurodollar Loan, the Defaulting Lender shall pay such amounts to the Non-Defaulting Lenders entitled thereto.

 

    73

     

    

 

(c)           New
Letters of Credit. So long as any Lender is a Defaulting Lender, the Issuing Lender shall not be required to issue, extend, renew
or increase any Letter of Credit unless it is satisfied that it will have no Fronting Exposure after giving effect thereto.

 

(d)           Cash
Collateral. (i)At any time that there shall exist a Defaulting Lender, within one Business Day following the written request of the
Administrative Agent or the Issuing Lender (with a copy to the Administrative Agent) the Borrower shall cash collateralize the Issuing
Lender’s Fronting Exposure with respect to such Defaulting Lender (determined after giving effect to Section 2.31(a)(iv) and
any cash collateral provided by such Defaulting Lender) in an amount not less than the Minimum Collateral Amount.

 

(ii)           The
Borrower, and to the extent provided by any Defaulting Lender, such Defaulting Lender, hereby grants to the Administrative Agent, for
the benefit of the Issuing Lender, and agrees to maintain, a first priority security interest in all such cash collateral as security
for the Defaulting Lenders’ obligation to fund participations in respect of Letters of Credit, to be applied pursuant to clause
(b) below. If at any time the Administrative Agent determines that cash collateral is subject to any right or claim of any Person
other than the Administrative Agent and the Issuing Lender as herein provided (other than Permitted Liens), or that the total amount
of such cash collateral is less than the Minimum Collateral Amount, the Borrower will, promptly upon demand by the Administrative Agent,
pay or provide to the Administrative Agent additional cash collateral in an amount sufficient to eliminate such deficiency (after giving
effect to any cash collateral provided by the Defaulting Lender.

 

(iii)          Notwithstanding
anything to the contrary contained in this Agreement, cash collateral provided under this Section 2.31 in respect of Letters of
Credit shall be applied to the satisfaction of the Defaulting Lender’s obligation to fund participations in respect of Letters
of Credit (including, as to cash collateral provided by a Defaulting Lender, any interest accrued on such obligation) for which the cash
collateral was so provided, prior to any other application of such property as may otherwise be provided for herein.

 

(iv)          Cash
collateral (or the appropriate portion thereof) provided to reduce the Issuing Lender’s Fronting Exposure shall no longer be required
to be held as cash collateral pursuant to this Section 2.31 following (i) the elimination of the applicable Fronting Exposure
(including by the termination of Defaulting Lender status of the applicable Lender), or (ii) the determination by the Administrative
Agent and the Issuing Lender that there exists excess cash collateral; provided that, subject to this Section 2.31 the Person
providing cash collateral and the Issuing Lender may agree that cash collateral shall be held to support future anticipated Fronting
Exposure or other obligations and provided, further, that to the extent that such cash collateral was provided by the Borrower,
such cash collateral shall remain subject to the security interest granted pursuant to the Loan Documents.

 

    74

     

    

 

2.32         Incremental
Loans and Commitments.

 

(a)           The
Borrower may, by written notice to the Administrative Agent from time to time request (A) Incremental Term Loan Commitments, and/or
(B) Incremental Revolving Commitments by increasing the Total Revolving Credit Commitments, from one or more Incremental Term Lenders
and/or Incremental Revolving Lenders, all of which must meet the requirements for assignees under Section 9.6(d). Such notice shall
set forth (i) the amount of the Incremental Term Loan Commitments or Incremental Revolving Commitments being requested (which shall
be in minimum increments of $5,000,000 and a minimum amount of $10,000,000), (ii) the date on which such Incremental Term Loan Commitments
or Incremental Revolving Commitments are requested to become effective (which shall not be less than 10 Business Days nor more than 60
days after the date of such notice) (the “Increased Amount Date”), and (iii) with respect to Incremental Term
Loan Commitments, whether such Incremental Term Loan Commitments are commitments to make additional Tranche B-4 Term Loans or commitments
to make term loans with terms different from the Tranche B-4 Term Loans, including, for the avoidance of doubt, tranche A term loans
(such other term loans, the “Other Term Loans”).

 

(b)           The
Borrower may seek Incremental Term Loan Commitments or Incremental Revolving Commitments from existing Lenders (each of which shall be
entitled to agree or decline to participate in its sole discretion) and additional banks, financial institutions and other institutional
lenders who will become Incremental Term Lenders or Incremental Revolving Lenders in connection therewith. The Borrower and each Incremental
Term Lender or Incremental Revolving Lender shall execute and deliver to the Administrative Agent an Incremental Assumption Agreement
and such other documentation as the Administrative Agent shall reasonably specify to evidence the Incremental Term Loan Commitment or
Incremental Revolving Commitments of each Incremental Term Lender or Incremental Revolving Lender. The terms and provisions of any Incremental
Term Loans that are additional Tranche B-4 Term Loans shall be identical to those of the Tranche B-4 Term Loans on the Fourth Amendment
Effective Date. The terms and provisions of any Incremental Revolving Loans and Incremental Revolving Commitments shall be identical
to those of the Revolving Credit Loans and Revolving Credit Commitments made on the Closing Date. The terms and provisions of the Other
Term Loans shall be identical to those of the Tranche B-4 Term Loans, as applicable, except as otherwise set forth herein or in the Incremental
Assumption Agreement, and any such terms not consistent with those of such applicable Loans, shall be reasonably satisfactory to the
Administrative Agent (provided that, notwithstanding anything to the contrary contained herein or in any other Loan Document,
the Incremental Term Loans and Incremental Revolving Loans shall constitute Obligations hereunder and shall be secured by the Collateral
on a pari passu basis with all other Obligations). Without the prior written consent of the Required Lenders:

 

    75

     

    

 

(i)            except
with respect to Other Term Loans that contain provisions customarily applicable to tranche A term loans, the final maturity date of any
Other Term Loans shall be no earlier than the Latest Maturity Date,

 

(ii)           except
with respect to Other Term Loans that contain provisions customarily applicable to tranche A term loans, the Weighted Average Life to
Maturity of the Other Term Loans shall be no shorter than the Weighted Average Life to Maturity of the Tranche of Term Loans hereunder
which has the longest Weighted Average Life to Maturity,

 

(iii)          the
obligations of the Borrower and its Subsidiaries in respect of the Other Term Loans shall not be secured by any property or assets of
the Borrower or any of its Subsidiaries other than the Collateral and shall not be guaranteed by any Subsidiaries of the Borrower other
than the Subsidiary Guarantors,

 

(iv)          the
Other Term Loans shall not receive mandatory prepayments in excess of their ratable share hereunder in accordance with Section 2.10(d),

 

(v)           in
connection with Other Term Loans that are incurred prior to the twenty four-month anniversary of the Third Amendment Effective Date and
contain provisions customarily applicable to Tranche B term loans, if the initial All-In Yield of such Other Term Loans exceeds the All-In
Yield for the Tranche B-4 Term Loans that are Eurodollar Loans by more than 50 basis points (the amount of such excess above 50 basis
points being referred to herein as the “Yield Differential”), then the Applicable Margin then in effect for Tranche
B-4 Term Loans shall automatically be increased by the Yield Differential, effective upon the making of the Other Term Loans; provided,
further, that this clause (v) shall not apply to Other Term Loans that are incurred to finance, in whole or in part, a Transformative
Acquisition, and

 

(vi)          with
respect to Other Term Loans that contain provisions customarily applicable to tranche A term loans, the pricing of Other Term Loans may
be subject to “most favored nations” provisions if and to the extent set forth in the Incremental Assumption Agreement for
such tranche of Other Term Loans,

 

The Administrative
Agent shall promptly notify each Lender as to the effectiveness of each Incremental Assumption Agreement. Each of the parties hereto
hereby agrees that, upon the effectiveness of any Incremental Assumption Agreement, this Agreement shall be deemed amended to the extent
(but only to the extent) necessary to reflect the existence and terms of the Incremental Term Loan Commitment or the Incremental Revolving
Commitments and the Incremental Term Loans or the Incremental Revolving Loans evidenced thereby, and the Administrative Agent and the
Borrower may revise this Agreement to evidence such amendments.

 

    76

     

    

 

(c)           Notwithstanding
the foregoing, no Incremental Term Loan Commitment or Incremental Revolving Commitment shall become effective under this Section 2.32
unless on the date of such effectiveness, (i) the conditions set forth in Section 4.2(a) (provided that, if
such extension of credit is used to finance a Permitted Acquisition, then the only representations and warranties that will be required
to be true and correct in all material respects as a condition to funding on the applicable extension of credit date shall be (x) the
Specified Representations and (y) such of the representations and warranties made by or on behalf of the applicable acquired company
or business (or the seller thereof) in the applicable acquisition agreement as are material to the interests of the Lenders, but only
to the extent that the Borrower or any Subsidiary Guarantor has the right to terminate the obligations of the Borrower or any Subsidiary
Guarantor under such acquisition agreement or not consummate such acquisition as a result of the inaccuracy of such representations or
warranties in such acquisition agreement) and 4.2(b) (provided that, if such extension of credit is used to finance a Permitted
Acquisition, then such Incremental Term Lenders or Incremental Revolving Lender, as applicable, may agree that Section 4.2(b) shall
not apply to such extension of credit (unless the Default or Event of Default arises from Section 7(a) or (f))) shall be satisfied
and the Administrative Agent shall have received a certificate to that effect dated such date and executed by a Responsible Officer,
(ii) the Borrower would be in compliance with the covenants set forth in Section 6.1 and the Consolidated Senior Secured Leverage
Ratio would be less than or equal to 4.00 to 1.00 as of the most recently completed Fiscal Quarter ending prior to such transaction for
which the financial statements and certificates required by Sections 5.1 and 5.2(a) have been delivered, after giving effect to
such Incremental Term Loan Commitments transaction and to any other event occurring after such period as to which pro forma recalculation
is appropriate as if such events had occurred as of the first day of such period, and assuming that (X) the Incremental Revolving
Commitments are fully drawn and (Y) the cash proceeds of any Incremental Revolving Loans and Incremental Term Loans are not netted
from Consolidated Total Debt for purposes of calculating such Consolidated Senior Secured Leverage Ratio, (iii) except as otherwise
specified in the applicable Incremental Assumption Agreement, the Administrative Agent shall have received (with sufficient copies for
each of the Incremental Lenders) legal opinions, board resolutions and other closing certificates reasonably requested by the Administrative
Agent and consistent with those delivered on the Restatement Funding Date under Section 4.1, (iv) the Administrative Agent
and each applicable Lender shall have received all fees and expenses owed in respect of such Incremental Term Loan Commitments or Incremental
Revolving Commitment and (v) the terms and documentation in respect of such Incremental Term Loan Commitments or Incremental Revolving
Commitment, to the extent not consistent with this Agreement, shall be reasonably satisfactory to the Administrative Agent.

 

(d)           Each
of the parties hereto hereby agrees that the Administrative Agent may, in consultation with the Borrower, take any and all action as
may be reasonably necessary to ensure that all Incremental Term Loans (other than Other Term Loans), when originally made, are included
in each borrowing hereunder of outstanding Tranche B-4 Term Loans on a pro rata basis. This may be accomplished by requiring each outstanding
borrowing of the Tranche B-4 Term Loans that are Eurodollar Loans to be converted into Base Rate Loans on the date of each Incremental
Term Loan, or by allocating a portion of each Incremental Term Loan to each outstanding borrowing of Tranche B-4 Term Loans that are
Eurodollar Loans on a pro rata basis. Any conversion of Tranche B-4 Term Loans that are Eurodollar Loans to Base Rate Loans required
by the preceding sentence shall not be subject to Section 2.19. If any Incremental Term Loan is to be allocated to an existing Interest
Period for a borrowing of Tranche B-4 Term Loans that are Eurodollar Loans, then the interest rate thereon for such Interest Period and
the other economic consequences thereof shall be as set forth in the applicable Incremental Term Loan Assumption Agreement. In addition,
to the extent any Incremental Term Loans are not Other Term Loans, the scheduled amortization payments under Section 2.3(a) required
to be made after the making of such Incremental Term Loans shall be ratably increased by the aggregate principal amount of such Incremental
Term Loans and shall be further increased for all Lenders on a pro rata basis to the extent necessary to avoid any reduction in the amortization
payments to which the Tranche B-4 Term Lenders were entitled before such recalculation.

 

    77

     

    

 

(e)           The
Loans and Commitments extended or established pursuant to this Section 2.32 shall constitute Loans and Commitments under, and shall
be entitled to all the benefits afforded by, this Agreement and the other Loan Documents, and shall, without limiting the foregoing,
benefit equally and ratably from the guarantees and security interests created by the Security Documents. The Loan Parties shall take
any actions reasonably required by the Administrative Agent to ensure or demonstrate that the Lien and security interests granted by
the Security Documents continue to be perfected under the Uniform Commercial Code or otherwise after giving effect to the extension or
establishment of any such Loans or any such Commitments.

 

(f)            On
any Increased Amount Date on which Incremental Revolving Commitments are effected, subject to the satisfaction of the foregoing terms
and conditions, (a) each of the Revolving Credit Lenders shall assign to each of the Incremental Revolving Lenders, and each of
the Incremental Revolving Lenders shall purchase from each of the Revolving Credit Lenders, at the principal amount thereof (together
with accrued interest), such interests in the Revolving Credit Loans outstanding on such Increased Amount Date as shall be necessary
in order that, after giving effect to all such assignments and purchases, such Revolving Credit Loans will be held by existing Revolving
Credit Lenders and Incremental Revolving Lenders ratably in accordance with their Revolving Credit Commitments after giving effect to
the addition of such Incremental Revolving Commitments to the Revolving Commitments, (b) each Incremental Revolving Commitment shall
be deemed for all purposes a Revolving Credit Commitment and each Loan made thereunder shall be deemed, for all purposes, a Revolving
Credit Loan and (c) each Incremental Revolving Lender shall become a Lender with respect to the Incremental Revolving Commitment
and all matters relating thereto.

 

Section 3.
REPRESENTATIONS AND WARRANTIES

 

To induce the Agents, the Issuing Lender and the
Lenders to enter into this Agreement and to make the Loans and to issue or participate in Letters of Credit, the Borrower hereby represents
and warrants to each Agent, the Issuing Lender and each Lender that:

 

3.1           Financial
Condition. (a) The unaudited pro forma consolidated balance sheet of the Borrower and its consolidated Subsidiaries as
at June 30, 2014 and related pro forma consolidated statements of income and cash flows of the Borrower and its consolidated Subsidiaries
(collectively, the “Pro Forma Financial Statements”), copies of which have heretofore been furnished to each Lender,
have been prepared giving effect (as if such events had occurred on such date) to (i) the Loans and other extensions of credit to
be made hereunder on the Closing Date and the use of proceeds thereof and (ii) the payment of fees and expenses in connection with
the foregoing. The Pro Forma Financial Statements have been prepared based on the information available to the Borrower as of the date
of delivery thereof, and presents fairly in all material respects on a pro forma basis the estimated financial condition of Borrower
and its consolidated Subsidiaries as at June 30, 2014 (in the case of such balance sheet) or at the beginning of such period
(in the case of such other financial statements), assuming that the events specified in the preceding sentence had actually occurred
at such date.

 

    78

     

    

 

(b)          The
audited consolidated balance sheets of the Borrower as at December 31, 2011, December 29, 2012 and December 28, 2013,
and the related consolidated statements of income and of cash flows for the fiscal years ended on such dates, reported on by and accompanied
by an unqualified report from KPMG LLP, present fairly in all material respects the consolidated financial condition of the Borrower
as at such date, and the consolidated results of its operations and its consolidated cash flows for the respective fiscal years then
ended. The unaudited consolidated balance sheet of the Borrower as at May 1, 2014, and the related unaudited consolidated statements
of income and cash flows for the 17-week period ended on such date, present fairly in all material respects the consolidated financial
condition of Borrower as at such date, and the consolidated results of its operations and its consolidated cash flows for the 17-week
period then ended (subject to normal year-end audit adjustments). All such financial statements, including the related schedules and
notes thereto, have been prepared in accordance with GAAP applied consistently throughout the periods involved (except as approved by
the aforementioned firm of accountants and disclosed therein and subject, in the case of any such unaudited financial statements to normal
year-end audit adjustments and the absence of notes). The Borrower and its Subsidiaries do not have any material Guarantee Obligations,
contingent liabilities and liabilities for taxes, or any long-term leases or unusual forward or long-term commitments, including, without
limitation, any interest rate or foreign currency swap or exchange transaction or other obligation in respect of derivatives, that are
not reflected in the most recent financial statements referred to in this paragraph. During the period from March 31, 2014 to and
including the Fourth Amendment Effective Date there has been no Disposition by the Borrower of any material part of its business or Property
(other than any Disposition permitted by Section 6.5).

 

3.2           No
Change. Since December 28, 2013, there has not been any event, change, condition or development that has had or could reasonably
be expected to have a Material Adverse Effect.

 

3.3           Corporate
Existence; Compliance with Law. Each of the Borrower and its Subsidiaries (a) is duly organized, validly existing and in good
standing under the laws of the jurisdiction of its organization, (b) has the corporate or business trust power and authority, and
the legal right, to own and operate its Property, to lease the Property it operates as lessee and to conduct the business in which it
is currently engaged, (c) is duly qualified as a foreign corporation or business trust 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 and (d) is
in compliance with all Requirements of Law except, in the case of each of the foregoing clauses (c) and (d), to the extent that
the failure to comply therewith could not, in the aggregate, reasonably be expected to have a Material Adverse Effect.

 

    79

     

    

 

3.4           Corporate
Power; Authorization; Enforceable Obligations. Each Loan Party has the corporate or business trust power and authority, and the legal
right, to make, deliver and perform the Loan Documents to which it is a party and, in the case of the Borrower, to consummate the Transactions
and to borrow and obtain other extensions of credit hereunder. Each Loan Party has taken all necessary corporate action or other organizational
action to authorize the execution, delivery and performance of the Loan Documents to which it is a party and, in the case of the
Borrower, to authorize the borrowings and other extensions of credit on the terms and conditions of this Agreement and to grant the security
interests and Liens as provided in the Loan Documents, and, in the case of each Subsidiary Guarantor, to guarantee the Obligations of
the Borrower on the terms and conditions of the applicable Loan Documents and to grant the security interests and Liens as provided in
the Loan Documents. No consent or authorization of, filing with, notice to or other act by or in respect of, any Governmental Authority
or any other Person is required in connection with the consummation of the Transactions, the borrowings and other extensions of credit
hereunder or with 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 3.4, which consents, authorizations, filings and
notices have been obtained or made and are in full force and effect, (ii) the filings referred to in Section 3.19 and (iii) consents,
notices and filings which the failure to make or obtain could not reasonably be expected to have a Material Adverse Effect. Each Loan
Document has been duly executed and delivered on behalf of each Loan Party party thereto. This Agreement constitutes, and each other
Loan Document upon execution will constitute, a legal, valid and binding obligation of each Loan Party party thereto, enforceable against
each such Loan Party in accordance with its terms, except as enforceability may be limited by applicable bankruptcy, insolvency, reorganization,
moratorium or similar laws affecting the enforcement of creditors’ rights generally and by general equitable principles (whether
enforcement is sought by proceedings in equity or at law).

 

3.5           No
Legal Bar. The execution, delivery and performance of this Agreement and the other Loan Documents, the consummation of the Transactions,
the issuance of Letters of Credit, borrowings hereunder and the use of the proceeds thereof will not violate any Requirement of Law or
any Contractual Obligation of the Borrower or any of its Subsidiaries and will not result in, or require, the creation or imposition
of any Lien on any of their respective properties or revenues pursuant to any Requirement of Law or any such Contractual Obligation (other
than the Liens created by the Security Documents). No Requirement of Law or Contractual Obligation applicable on the Restatement to the
Borrower or any of its Subsidiaries could reasonably be expected to have a Material Adverse Effect.

 

3.6           No
Material Litigation. No litigation, investigation or proceeding of or before any arbitrator or Governmental Authority is pending
or, to the knowledge the Borrower, threatened by or against the Borrower or any of its Subsidiaries or against any of their respective
properties or revenues (a) with respect to this Agreement or any other Loan Document or the Transactions contemplated hereby or
thereby, or (b) that could reasonably be expected to have a Material Adverse Effect.

 

3.7           No
Default. Neither the Borrower nor any of its Subsidiaries is in default under or with respect to any of its Contractual Obligations
in any respect that could reasonably be expected to have a Material Adverse Effect. No Default or Event of Default has occurred and is
continuing.

 

3.8           Ownership
of Property; Liens. Each of the Borrower and each of its Subsidiaries has title in fee simple to, or a valid leasehold interest in,
all its real property, subject only to Liens and other matters permitted by Section 6.3, and good title to, or a valid leasehold
or other property interest in, all its other Property, and none of such Property is subject to any Lien except as permitted by Section 6.3.

 

    80

     

    

 

3.9           Intellectual
Property. To the knowledge of the Borrower, the Borrower and each of its Subsidiaries owns, or is licensed to use, all Intellectual
Property necessary and material for the conduct of its business as currently conducted. To the knowledge of the Borrower, except as indicated
on Schedule 3.9, no material claim has been asserted and is pending by any Person alleging that the use of any Intellectual Property
by the Borrower and its Subsidiaries infringes on the intellectual property rights of any Person in any material respect nor does the
Borrower know of any valid basis for any such claim.

 

3.10         Taxes.
Each of the Borrower and each of its Subsidiaries has timely filed or caused to be filed all Federal, state and other material tax returns
that are required to be filed (all such Tax returns being true and correct in all material respects) and has timely paid all Taxes payable,
collectible or remittable by it and any assessments made against it or any of its Property and all other material Taxes, fees or other
charges imposed on it or any of its Property by any Governmental Authority (other than any the amount or validity of which are either
currently being contested in good faith by appropriate proceedings or with respect to which reserves in conformity with GAAP have been
provided on the books of the Borrower or its Subsidiaries, as the case may be); and as of the Restatement Effective Date no Tax Lien
has been filed, and, to the knowledge of the Borrower, no claim is being asserted, with respect to any such Tax, fee or other charge.

 

3.11         Federal
Regulations. No part of the proceeds of any Loans and no Letters of Credit will be used for “purchasing” or “carrying”
any “margin stock” within the respective meanings of each of the quoted terms under Regulation U as now and from time to
time hereafter in effect or for any purpose that violates the provisions of the Regulations of the Board. If requested by any Lender,
the Issuing Lender or the Administrative Agent, the Borrower will furnish to the Administrative Agent, the Issuing Lender and each Lender
a statement to the foregoing effect in conformity with the requirements of FR Form G-3 or FR Form U-1 referred to in Regulation
U.

 

3.12         Labor
Matters. There are no strikes or other labor disputes against the Borrower or any of its Subsidiaries pending or, to the knowledge
of the Borrower, threatened that (individually or in the aggregate) could reasonably be expected to have a Material Adverse Effect. Hours
worked by and payment made to employees of the Borrower and its Subsidiaries have not been in violation of the Fair Labor Standards Act
or any other applicable Requirement of Law dealing with such matters that (individually or in the aggregate) could reasonably be expected
to have a Material Adverse Effect. All payments due from the Borrower or any of its Subsidiaries on account of employee health and welfare
insurance that (individually or in the aggregate) could reasonably be expected to have a Material Adverse Effect if not paid have been
paid or accrued as a liability on the books of the Borrower or the relevant Subsidiary.

 

3.13         ERISA.
Each of the Borrower and its ERISA Affiliates is in compliance in all material respects with the applicable provisions of ERISA and the
Code and the regulations and published interpretations thereunder. No material liability to the PBGC (other than required premium payments),
or, except in the ordinary course, any Plan or any trust established thereunder, has been or is expected to be incurred by the Borrower
or any of its ERISA Affiliates with respect to any Plan. No ERISA Event has occurred or is reasonably expected to occur that, when
taken together with all other such ERISA Events, resulted or could reasonably be expected to result, in material liability of the Borrower
or any of its ERISA Affiliates. The present value of all benefit liabilities under each Plan (based on the assumptions used for purposes
of Statement of Financial Accounting Standards No. 87) did not, as of the last annual valuation date applicable thereto, exceed
by more than $10,000,000 the fair market value of the assets of such Plan. None of the Borrower nor any Subsidiary has any material liability
with respect to any Foreign Pension Plan.

 

    81

     

    

 

3.14         Investment
Company Act; Other Regulations. No Loan Party is an “investment company”, or a company “controlled” by an
 “investment company”, within the meaning of the Investment Company Act of 1940, as amended. No Loan Party is subject to regulation
under any Requirement of Law (other than Regulation X of the Board) which limits its ability to incur Indebtedness.

 

3.15         Subsidiaries.
(a) The Subsidiaries listed on Schedule 3.15 constitute all the Subsidiaries of the Borrower as of the Restatement Effective Date.
Schedule 3.15 sets forth as of the Restatement Effective Date the name and jurisdiction of incorporation of each Subsidiary and, as to
each such Subsidiary, the percentage of each class of Capital Stock owned by any Loan Party.

 

(b)           As
of the Restatement Effective Date, no outstanding subscriptions, options, warrants, calls, rights or other agreements or commitments
(other than stock options, equity compensation awards granted to employees or directors and directors’ qualifying shares) of any
nature relating to any Capital Stock of the Borrower or any Subsidiary.

 

3.16         Use
of Proceeds. The proceeds of the Tranche B-4 Term Loans shall be used by the Borrower on the Third Amendment Effective Date to refinance
the Existing Senior Notes Due 2021, pay certain outstanding Revolving Credit Loans under this Agreement and to pay certain fees and expenses
in connection with the foregoing. The proceeds of the Fourth Amendment Incremental Term Loans shall be used by the Borrower on the Fourth
Amendment Effective Date to pay certain outstanding Revolving Credit Loans under this Agreement and to pay certain fees and expenses
in connection with the foregoing. The proceeds of the Revolving Credit Loans and the Incremental Revolving Loans shall be used by the
Borrower solely for general corporate purposes (including Permitted Acquisitions) and as working capital. The Letters of Credit shall
be used by the Borrower solely for general corporate purposes. The proceeds of the Incremental Term Loans shall be used by the Borrower
solely for general corporate purposes (including Permitted Acquisitions).

 

3.17         Environmental
Matters. Other than exceptions to any of the following that could not, individually and in the aggregate, reasonably be expected
to have a Material Adverse Effect:

 

(a)           the
Borrower and its Subsidiaries: (i) are, and within the period of all applicable statutes of limitation have been, in compliance
with all applicable Environmental Laws; (ii) hold all Environmental Permits (each of which is in full force and effect) required
for any of their current operations or for any property owned, leased, or otherwise operated by any of them; (iii) are, and within
the period of all applicable statutes of limitation have been, in compliance with all of their Environmental Permits; and (iv) reasonably
believe that: each of their Environmental Permits will be timely renewed and complied with; any additional Environmental Permits
that may be required of any of them will be timely obtained and complied with; and compliance with any Environmental Law that is or is
expected to become applicable to any of them will be timely attained and maintained.

 

    82

     

    

 

(b)           Materials
of Environmental Concern are not present at, on, under, in, or about any real property now or, to the knowledge of the Borrower and its
Subsidiaries, formerly owned, leased or operated by the Borrower or any of its Subsidiaries, or, to the knowledge of the Borrower and
its Subsidiaries, at any other location (including, without limitation, any location to which Materials of Environmental Concern have
been sent for re-use or recycling or for treatment, storage, or disposal) which could reasonably be expected to (i) give rise to
liability of the Borrower or any of its Subsidiaries under any applicable Environmental Law or otherwise result in costs to the Borrower
or any of its Subsidiaries, or (ii) interfere with the Borrower’s or any of its Subsidiaries’ continued operations.

 

(c)           There
is no judicial, administrative, or arbitral proceeding (including any notice of violation or alleged violation) under or relating to
any Environmental Law to which the Borrower or any of its Subsidiaries is, or to the knowledge of the Borrower or any of its Subsidiaries
will be, named as a party that is pending or, to the knowledge of the Borrower or any of its Subsidiaries, threatened.

 

(d)           Neither
the Borrower nor any of its Subsidiaries has received any written request for information, or been notified that it is a potentially
responsible party under or relating to the federal Comprehensive Environmental Response, Compensation, and Liability Act or any similar
Environmental Law, or with respect to any Materials of Environmental Concern.

 

(e)           Neither
the Borrower nor any of its Subsidiaries has entered into or agreed to any consent decree, order, or settlement or other agreement, or
is subject to any judgment, decree, or order or other agreement, in any judicial, administrative, arbitral, or other forum for dispute
resolution, relating to compliance with or liability under any Environmental Law.

 

(f)            Neither
the Borrower nor any of its Subsidiaries has assumed or retained, by contract, any liabilities of any kind, fixed or contingent, known
or unknown, under any Environmental Law or with respect to any Material of Environmental Concern.

 

3.18         Accuracy
of Information, etc. No written statement or written information (other than projections, other forward-looking information,
information of a general economic or general industry nature and pro forma financial information) contained in this Agreement, any other
Loan Document, the Confidential Information Memorandum or any other document, certificate or written statement furnished to the Agents,
the Arrangers, the Issuing Lender or the Lenders or any of them, by or on behalf of any Loan Party for use in connection with the transactions
contemplated by or pursuant to this Agreement or the other Loan Documents, taken as a whole, contained as of the date such statement,
information, document or certificate was so furnished, any untrue statement of a material fact or omitted to state a material fact necessary
in order to make the statements contained herein or therein not misleading in light of the circumstances under which such statements
were made. The projections, other forward-looking information with respect to the Borrower and its Subsidiaries and the pro
forma financial information contained in the materials referenced above are based upon good faith estimates and assumptions believed
by management of the Borrower to be reasonable at the time made, it being recognized by the Lenders that such projections and pro forma
financial information as it relates to future events are not to be viewed as fact and that actual results during the period or periods
covered by such projections, other forward-looking information and pro forma financial information may differ from the projected and
pro forma results set forth therein by a material amount.

 

    83

     

    

 

3.19         Security
Documents. The Guarantee and Collateral Agreement is effective to create in favor of the Administrative Agent, for the benefit of
the Lenders, a legal, valid and enforceable security interest in the Collateral described therein and proceeds thereof. In the case of
the Pledged Stock described in the Guarantee and Collateral Agreement, when any stock certificates representing such Pledged Stock are
delivered to the Administrative Agent together with stock powers endorsed to the Collateral Agent or in blank, and in the case of the
other Collateral described in the Guarantee and Collateral Agreement, when financing statements in appropriate form are filed in the
offices specified on Schedule 3.19(a)-1 as of the Closing Date, (which financing statements have been duly completed and delivered to
the Collateral Agent) and such other filings as are specified on Schedule 3 to the Guarantee and Collateral Agreement (all of which filings
have been duly completed), the Guarantee and Collateral Agreement shall constitute a fully perfected Lien on, and security interest in,
all right, title and interest of the Loan Parties in such Collateral and the proceeds thereof, as security for the Secured Obligations
(as defined in the Guarantee and Collateral Agreement), in each case prior and superior in right to any other Person (except, in the
case of Collateral other than Pledged Stock, Liens permitted by Section 6.3). Schedule 3.19(a)-2 lists each UCC Financing Statement
(other than any naming the Collateral Agent as secured party) that (i) names any Loan Party as debtor and (ii) will remain
on file after the Closing Date.

 

3.20         Solvency.
The Borrower and its Subsidiaries, on a consolidated basis, are, and immediately after the consummation of the Acquisition and the other
Transactions to occur on the Restatement Funding Date and immediately following the making of each Loan or other extension of credit
hereunder and after giving effect to the application of the proceeds of each Loan or other extension of credit hereunder, will be and
will continue to be, Solvent.

 

3.21         Anti-Terrorism
Laws; Sanctions; Anti-Corruption Laws.

 

(a)           To
the extent applicable, each Loan Party is in compliance, in all material respects, with the (i) Trading with the Enemy Act, and
each of the Anti-Terrorism Laws, (ii) the Anti-Corruption Laws and (iii) applicable Sanctions.

 

(b)           None
of the Loan Parties nor any of their respective Subsidiaries nor, to the knowledge of the Borrower, any director, officer, agent, employee
or Affiliate of any of the Loan Parties or any of their respective Subsidiaries, is a Sanctioned Person that is, or is owned or controlled
by Sanctioned Persons or are located, organized or resident in a Sanctioned Country. The Loan Parties will not directly or indirectly
use the proceeds of the Loans or the Letters of Credit or otherwise make available such proceeds to (i) any Sanctioned Person or
whose government is a Sanctioned Country, or (ii) in any other manner that would result in a violation of Sanctions by any Person
(including any person participating in the Loans, whether as underwriter, advisor, investor, or otherwise).

 

    84

     

    

 

(c)           No
part of the proceeds of the Loans will be used by the Borrower or any of its Subsidiaries, directly or 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 obtain, retain or direct business or obtain any improper advantage, in violation of the Anti-Corruption
Laws.

 

3.22         EEA
Financial Institutions. The Borrower is not an EEA Financial Institution.

 

Section 4.
CONDITIONS PRECEDENT

 

4.1           Conditions
to Restatement Funding Date. The agreement of each Lender to make its extension of credit on the Restatement Funding Date is subject
to the satisfaction, prior to or concurrently with the making of any extensions of credit on the Restatement Funding Date, of the following
conditions precedent:

 

(a)           Loan
Documents. The Administrative Agent shall have received (i) the Amendment Agreement, executed and delivered by a duly authorized
officer of the Borrower, (ii) this Agreement, executed and delivered by a duly authorized officer of the Borrower, (iii) a
Reaffirmation Agreement, executed and delivered by a duly authorized officer of the Borrower and each Subsidiary Guarantor and (v) each
Note signed by the Borrower (to the extent requested prior to the Closing Date).

 

(b)           Financial
Statements and Pro Forma Financial Statements. The Administrative Agent shall have received (i) unaudited income statements
for the Acquired Business for each of Seller’s fiscal years ended May 31, 2015, May 25, 2014 and May 26, 2013 (each
in local currency), (ii) an unaudited statement of Inventory owned by Seller or any of the Seller Parties (as defined in the Acquisition
Agreement) that is used or held for use exclusively in the operation or conduct of the Acquired Business at May 31, 2015, (iii) a
pro forma consolidated balance sheet and related pro forma consolidated statements of income and cash flows of the Borrower as of and
for the 12-month period ending on the last day of the most recently completed four-fiscal quarter period for which financial statements
have been delivered by Borrower pursuant to Section 5.1, prepared after giving effect to the Transactions and any other transactions
for which pro forma effect may be given under Section 1.3 as if the Transactions and other transactions had occurred as of such
date (in the case of such balance sheet) or at the beginning of such period (in the case of such other financial statements), (iv) at
least 20 calendar days prior to the Restatement Funding Date, an unaudited Statement of Inventory and an unaudited Statement of Profit
Before Overheads for any interim period or periods of the Acquired Business ended after the date of the most recent unaudited Statement
of Inventory and unaudited Statement of Profit Before Overheads; which, in each case, shall be in a form consistent with the forecasts
previously provided to the Administrative Agent and (v) with respect to the Borrower, each of the financial statements required
to be furnished to the Administrative Agent under Section 5.1.

 

(c)            No
Indebtedness. After giving effect to the Transactions to occur on the Restatement Funding Date, the Borrower and its Subsidiaries
shall have outstanding no Indebtedness or preferred Capital Stock other than (A) the Loans and other extensions of credit hereunder,
(B) the Senior Notes, and (C) the other Indebtedness permitted to be incurred pursuant to Section 6.2.

 

    85

     

    

 

(d)           Representations
and Warranties. The (i) Specified Acquisition Agreement Representations shall be true and correct as required by the terms of
the definition thereof and (ii) the Specified Representations shall be true and correct in all material respects; provided that
in the case of any Specified Representation which expressly relates to a given date or period, such representation and warranty shall
be true and correct in all material respects as of the respective date or for the respective period, as the case may be.

 

(e)           Fees
and Expenses. The Arrangers and the Agents shall have received all fees and other compensation required to be paid (including pursuant
to any engagement or fee letters entered into between the Borrower and any Arranger or Agent on or prior to the Restatement Funding Date),
and all costs and expenses payable hereunder or under any other Loan Document for which invoices have been presented (including reasonable
fees, disbursements and other charges of counsel to the Arrangers and the Agents), on or before the Restatement Funding Date.

 

(f)            Lien
Searches. The Administrative Agent shall have received the results of a recent lien search in each relevant jurisdiction with respect
to the Borrower and its Subsidiaries, and such search shall reveal no liens on any of the assets of the Borrower or its Subsidiaries
except for liens permitted by Section 6.3 or liens to be discharged on or prior to the Closing Date pursuant to documentation satisfactory
to the Administrative Agent.

 

(g)           Restatement
Funding Date Certificate. The Administrative Agent and the Arrangers shall have received a certificate of each Loan Party, dated
the Restatement Funding Date, substantially in the form of Exhibit C, with appropriate insertions and attachments.

 

(h)           Legal
Opinion. The Administrative Agent and the Arrangers shall have received the legal opinion of Dechert LLP, counsel to the Borrower
and its Subsidiaries, substantially in the form of Exhibit E.

 

(i)            Filings,
Registrations and Recordings. Each document (including, without limitation, any Uniform Commercial Code financing statement) required
by the Security Documents or under law or reasonably requested by the Administrative Agent or the Collateral Agent to be filed, registered
or recorded in order to create in favor of the Collateral Agent, for the benefit of the Secured Parties, a perfected Lien on the Collateral
described therein, prior and superior in right to any other Person (other than with respect to Liens and other matters expressly permitted
by Section 6.3), shall be in proper form for filing, registration or recordation.

 

(j)            Solvency.
The Administrative Agent and the Arrangers shall have received a certificate executed by the chief financial officer of the Borrower,
in the form attached as Exhibit H hereto, which shall document the solvency of the Borrower and its Subsidiaries, on a consolidated
basis, after giving effect to the Transactions contemplated hereby.

 

(k)            Pledged
Stock; Stock Powers. The Collateral Agent shall have received the certificates representing the shares of Capital Stock pledged pursuant
to the Guarantee and Collateral Agreement, together with an undated stock power for each such certificate executed in blank by a duly
authorized officer of the pledgor thereof.

 

    86

     

    

 

(l)            Transactions.
Substantially concurrently with the initial funding of the Tranche B Term Loans, the Acquisition shall have been consummated in accordance
with the terms of the Acquisition Agreement (without any amendment, modification or waiver thereof or any consent thereunder which is
materially adverse to the Lenders, the Arrangers, the Co-Syndication Agents or the Co-Documentation Agents without the prior written
consent of the Arrangers, the Co-Syndication Agents and the Co-Documentation Agents (such consent not to be unreasonably withheld, conditioned
or delayed) (it being understood and agreed that any decrease in the purchase price in excess of 10% shall be deemed to be a modification
which is materially adverse to the Lenders and the Arrangers, the Co-Syndication Agents and the Co-Documentation Agents)).

 

(m)          Closing
Date Material Adverse Effect. Except as otherwise contemplated by the Acquisition Agreement, since the date of the Acquisition Agreement,
there has been no development, change, event or occurrence that, individually or in the aggregate, has had, or is reasonably likely to
have, an Acquired Business Material Adverse Effect.

 

(n)           USA
PATRIOT Act. No later than five (5) Business Days in advance of the Restatement Funding Date (to the extent requested at least
ten (10) days prior to the Restatement Funding Date), the Administrative Agent shall have received, on behalf of the Arrangers and
Lenders, all documentation and other information required by regulatory authorities under applicable “know your customer”
and anti-money laundering rules and regulations, including, without limitation, the PATRIOT Act.

 

(o)           Agency
Fee Letter. The Administrative Agent and the Borrower shall have entered into a fee letter in connection with the fees to be paid
to the Administrative Agent in connection with such capacity.

 

4.2           Conditions
to Each Extension of Credit. The agreement of each Lender to make any extension of credit requested to be made by it on any date
(including, without limitation, its initial extension of credit) is subject to the satisfaction of the following conditions precedent:

 

(a)           Representations
and Warranties. Each of the representations and warranties made by any Loan Party in or pursuant to this Agreement or any other Loan
Document shall be true and correct in all material respects (except to the extent any such representation and warranty itself is qualified
by “materiality”, “Material Adverse Effect” or similar qualifier, in which case, it shall be true and correct
in all respects) on and as of such date as if made on and as of such date (unless stated to relate to an earlier date, in which case
such representations and warranties shall be true and correct in all material respects (except to the extent any such representation
and warranty itself is qualified by “materiality”, “Material Adverse Effect” or similar qualifier, in which case,
it shall have been true and correct in all respects) as of such earlier date); provided that, if such extension of credit is an
Incremental Term Borrowing or Incremental Revolving Loan used to finance a Permitted Acquisition, then the only representations and warranties
that will be required to be true and correct in all material respects as a condition to funding on the date of the applicable Incremental
Term Borrowing or applicable Incremental Revolving Loan shall be (x) the Specified Representations and (y) such of the representations
and warranties made by or on behalf of the applicable acquired company or business (or the seller thereof) in the applicable acquisition
agreement as are material to the interests of the Lenders, but only to the extent that the Borrower or any Subsidiary Guarantor
has the right to terminate the obligations of the Borrower or any Subsidiary Guarantor under such acquisition agreement or not consummate
such acquisition as a result of the inaccuracy of such representations or warranties in such acquisition agreement.

 

    87

     

    

 

(b)           No
Default. No Default or Event of Default shall have occurred and be continuing on such date or after giving effect to the making of
the extensions of credit requested to be made on such date; provided that if the Lenders providing an Incremental Term Loan or
Incremental Revolving Loan to finance a Permitted Acquisition have agreed to a “funds certain” provision, then no Default
or Event of Default shall have occurred and be continuing under Section 7(a) or (f).

 

(c)           Borrowing
Request. The Administrative Agent shall have received a notice of borrowing as and when required by Sections 2.2 and/or Section 2.5,
as applicable, which notice shall (i) confirm compliance with clauses (a) and (b) of this Section 4.2 and (ii) set
forth all information required by Section 2.2 and/or Section 2.5, as applicable.

 

Each borrowing by and issuance
of a Letter of Credit on behalf of the Borrower hereunder shall constitute a representation and warranty by the Borrower as of the date
of such extension of credit that the conditions contained in this Section 4.2 have been satisfied.

 

Section 5.
AFFIRMATIVE COVENANTS

 

The Borrower hereby agrees
that, so long as the Revolving Credit Commitments remain in effect, any Letter of Credit remains outstanding or any Loan or other amount
is owing to any Lender, the Issuing Lender or any Agent hereunder, the Borrower shall and shall cause each of its Subsidiaries to:

 

5.1           Financial
Statements. Furnish to the Administrative Agent (who will furnish such information to the Lenders):

 

(a)           as
soon as available, but in any event within 90 days (or such earlier date as required by the SEC) after the end of each fiscal year of
the Borrower, a copy of the audited consolidated balance sheet of the Borrower and its consolidated Subsidiaries as at the end of such
year and the related audited consolidated statements of income and of cash flows for such year, setting forth in each case in comparative
form the figures as of the end of the previous year, reported on without a “going concern” or like qualification or exception,
or qualification arising out of the scope of the audit, by KPMG, L.L.P. 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 (or such earlier date as required by the SEC) after the end of each of the
first three quarterly periods of each fiscal year of the Borrower, the unaudited consolidated balance sheet of the Borrower and its consolidated
Subsidiaries as at the end of such quarter and the related unaudited consolidated statements of income and of cash flows for such quarter
and the portion of the fiscal year through the end of such quarter, setting forth in 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 as being fairly stated in all material
respects (subject to normal year-end audit adjustments); all such financial statements to be complete and correct in all material
respects and to be prepared in reasonable detail and in accordance with GAAP applied consistently throughout the periods reflected therein
and with prior periods (except as approved by such accountants or officer, as the case may be, and disclosed therein).

 

    88

     

    

 

5.2           Certificates;
Other Information. Furnish to the Administrative Agent and each Lender (other than any Excluded Lenders), or, in the case of clause
(e), to the relevant Lender:

 

(a)           concurrently
with the delivery of any financial statements pursuant to Section 5.1, (i) a certificate of a Responsible Officer stating that,
to such Responsible Officer’s knowledge, each Loan Party during such period has observed or performed all of its covenants and
other agreements, and satisfied every condition, contained in this Agreement and the other Loan Documents to which it is a party to be
observed, performed or satisfied by it, and that such Responsible Officer has obtained no knowledge of any Default or Event of Default
except as specified in such certificate and (ii) in the case of quarterly or annual financial statements, (A) a Compliance
Certificate containing all information and calculations necessary for determining compliance by the Borrower and its Subsidiaries with
the provisions of this Agreement referred to therein as of the last day of the Fiscal Quarter or fiscal year of the Borrower, as the
case may be, which Compliance Certificate shall, in connection with each delivery of financial statements pursuant to Section 5.1(a),
(y) in the case of annual financial statements, show in reasonable detail the calculations used in determining Excess Cash Flow
for the most recently completed fiscal year of the Borrower and (z) if the Available Amount was applied during such period, show
the Available Amount as of the end of such period, and (B) to the extent not previously disclosed to the Administrative Agent, a
listing of any material Intellectual Property acquired by any Loan Party since the date of the most recent list delivered pursuant to
this clause (B);

 

(b)           as
soon as available, and in any event no later than 90 days after the end of each fiscal year of the Borrower, a detailed consolidated
budget for the following fiscal year (including a projected consolidated balance sheet of the Borrower and its Subsidiaries as of the
end of the following fiscal year, and the related consolidated statements of projected cash flow, projected changes in financial position
and projected income) (collectively, the “Projections”);

 

(c)           within
five days after the same are sent, copies of all financial statements and reports that the Borrower sends to the holders of any class
of its debt securities or public equity securities and, within five days after the same are filed, copies of all financial statements
and reports that the Borrower may make to, or file with, the SEC;

 

(d)           as
soon as possible and in any event within five days of obtaining knowledge thereof: (i)  a description of any development, event,
or condition that, individually or in the aggregate with other developments, events or conditions, could reasonably be expected to result
in the payment by the Borrower and its Subsidiaries, in the aggregate, of a Material Environmental Amount; and (ii) any notice that
any Governmental Authority may deny any application for an Environmental Permit sought by, or revoke or refuse to renew any Environmental
Permit held by, any Loan Party which could reasonably be expected to have a Material Adverse Effect; and

 

    89

     

    

 

(e)           promptly,
such additional financial and other information as any Lender (other than any Excluded Lender) may from time to time reasonably request.

 

5.3           Payment
of Obligations. Pay and discharge promptly when due all material Taxes, assessments and governmental charges or levies imposed upon
it or in respect of its income, profits or property, before the same shall become delinquent or in default, and pay, discharge or otherwise
satisfy at or before maturity or before they become delinquent, as the case may be, all other material obligations of whatever nature,
except, in each case, where (a) the amount or validity thereof is currently being contested in good faith by appropriate proceedings,
(b) such contest effectively suspends the enforcement of any Lien on the Borrower’s Property securing such obligations and
(c) reserves in conformity with GAAP with respect thereto have been provided on the books of the Borrower or its Subsidiaries, as
the case may be.

 

5.4           Conduct
of Business and Maintenance of Existence, etc. (a)  (i)  Preserve, renew and keep in full force and
effect its corporate existence and (ii) 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 6.4 and except, in the
case of clause (ii) above, to the extent that failure to do so could not reasonably be expected to have a Material Adverse Effect;
and (b) comply with all Contractual Obligations and Requirements of Law except to the extent that failure to comply therewith could
not, in the aggregate, reasonably be expected to have a Material Adverse Effect.

 

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

 

5.6           Inspection
of Property; Books and Records; Discussions. (a) Keep proper books of records and account in which full, true and correct entries
in conformity with GAAP and all Requirements of Law shall be made of all dealings and transactions in relation to its business and activities
and (b) permit representatives of any Agent or any Lender accompanying any Agent upon reasonable notice to visit and inspect any
of its properties and examine and make abstracts from any of its books and records at any reasonable time during normal business hours
and upon reasonable advance notice and as often as may reasonably be desired and to discuss the business, operations, properties and
financial and other condition of the Borrower and its Subsidiaries with officers and employees of the Borrower and its Subsidiaries and
with its independent certified public accountants (with reasonable notice to the chief financial officer of the Borrower (provided
that the Borrower or such Subsidiaries may, at their option, have one or more employees or representatives present at any discussion
with any such accountants)); provided that, absent the existence of an Event of Default, inspections pursuant to this Section 5.6
shall be limited to one time per fiscal year.

 

    90

     

    

 

5.7           Notices.
Promptly, and in any event within five Business Days of obtaining knowledge thereof, give notice to each Agent and each Lender of:

 

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

 

(b)           any
(i) default or event of default under any Contractual Obligation of the Borrower or any of its Subsidiaries or (ii) litigation,
investigation or proceeding which may exist at any time between the Borrower or any of its Subsidiaries and any Governmental Authority
that, in either case, could reasonably be expected to have a Material Adverse Effect;

 

(c)           any
litigation or proceeding affecting the Borrower or any of its Subsidiaries in which the amount involved is $10,000,000 or more and not
covered by insurance or in which injunctive or similar relief is sought;

 

(d)           the
occurrence of any ERISA Event or Foreign Benefit Event that, alone or together with any other ERISA Events or Foreign Benefit Events
that have occurred, resulted or could reasonably be expected to result, in liability of the Borrower and the Subsidiaries in an aggregate
amount exceeding $10,000,000;

 

(e)           any
amendment or other modification of any of the documents described in Section 6.9(b) or (c); and

 

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

 

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

 

5.8           Environmental
Laws. (a) Comply in all material respects with, and ensure compliance in all material respects by all tenants and subtenants,
if any, with, all applicable Environmental Laws, and obtain and comply in all material respects with and maintain, and ensure that all
tenants and subtenants obtain and comply in all material respects with and maintain, any and all licenses, approvals, notifications,
registrations or permits required by applicable Environmental Laws.

 

(b)           Conduct
and complete all investigations, studies, sampling and testing, and all remedial, removal and other actions required under Environmental
Laws and promptly comply in all material respects with all lawful orders and directives of all Governmental Authorities regarding Environmental
Laws, or contest such orders and directives by appropriate legal means.

 

5.9           Additional
Collateral, etc. (a) With respect to any Property acquired after the Closing Date by the Borrower or any of its Subsidiaries
(other than (v) any real property (or interest therein), (w) any Intellectual Property to the extent creation of a security
interest therein would be contractually prohibited (other than to the extent that any such prohibition would be rendered ineffective
pursuant to Sections 9-406, 9-407, 9-408 or 9-409 of the Uniform Commercial Code of any relevant jurisdiction or any other applicable
law or principles of equity), (x) any Property described in paragraph (b) of this Section, (y) any Property subject to
a Lien expressly permitted by Section 6.3(g) and (z) Property acquired by a Foreign Subsidiary) as to which the Collateral
Agent, for the benefit of the Secured Parties, does not have a perfected Lien, promptly (i) execute and deliver to the Administrative
Agent and the Collateral Agent such amendments to the Guarantee and Collateral Agreement or such other documents as the Administrative
Agent or the Collateral Agent deems necessary or advisable to grant to the Collateral Agent, for the benefit of the Secured Parties,
a security interest in such Property and (ii) take all actions necessary or advisable to grant to the Collateral Agent, for the
benefit of the Secured Parties, a perfected first priority security interest in such Property (subject to Liens permitted by Section 6.3),
including without limitation, the filing of Uniform Commercial Code financing statements in such jurisdictions as may be required by
the Guarantee and Collateral Agreement or by law or as may be requested by the Administrative Agent or the Collateral Agent.

 

    91

     

    

 

(b)           With
respect to any new Subsidiary of the Borrower (other than a Foreign Subsidiary or a Foreign Subsidiary Holding Company) created or acquired
after the Closing Date (which, for the purposes of this paragraph, shall include any existing Subsidiary that ceases to be a Foreign
Subsidiary or a Foreign Subsidiary Holding Company), by the Borrower or any of its Subsidiaries, promptly (i) execute and deliver
to the Administrative Agent and the Collateral Agent such amendments to the Guarantee and Collateral Agreement as the Administrative
Agent or the Collateral Agent deems necessary or advisable to grant to the Collateral Agent, for the benefit of the Secured Parties,
a perfected first priority security interest in the Capital Stock of such new Subsidiary that is owned by the Borrower or any of its
Subsidiaries, (ii) deliver to the Collateral Agent the certificates representing such Capital Stock, together with undated stock
powers, in blank, executed and delivered by a duly authorized officer of the Borrower or such Subsidiary, as the case may be, (iii) cause
such new Subsidiary (A) to become a party to the Guarantee and Collateral Agreement and (B) to take such actions reasonably
necessary or advisable to grant to the Collateral Agent, for the benefit of the Secured Parties, a perfected first priority security
interest in the Collateral described in the Guarantee and Collateral Agreement with respect to such new Subsidiary (subject to Liens
and other matters permitted by Section 6.3 and excluding real property and any interests therein, and Intellectual Property to the
extent creation of a security interest therein would be contractually prohibited), including, without limitation, the filing of Uniform
Commercial Code financing statements in such jurisdictions as may be required by the Guarantee and Collateral Agreement or by law or
as may be requested by the Administrative Agent or the Collateral Agent, and (iv) if reasonably requested by the Administrative
Agent or the Collateral Agent, deliver to the Administrative Agent and the Collateral Agent legal opinions covering matters consistent
with those covered by the opinions delivered by Dechert LLP or the applicable local counsel, as the case may be, on the Closing Date
relating to the matters described above, which opinions shall be in form and substance, and from counsel, reasonably satisfactory to
the Administrative Agent and the Collateral Agent.

 

(c)           With
respect to any new Foreign Subsidiary and Foreign Subsidiary Holding Company created or acquired after the Closing Date by the Borrower
or any of its Domestic Subsidiaries, promptly (i) execute and deliver to the Administrative Agent and the Collateral Agent such
amendments to the Guarantee and Collateral Agreement as the Administrative Agent or the Collateral Agent deems necessary or advisable
in order to grant to the Collateral Agent, for the benefit of the Secured Parties, a perfected first priority security interest in the
Capital Stock of such new Subsidiary that is directly owned by the Borrower or any of its Domestic Subsidiaries (provided that
in no event shall more than 65% of the total outstanding voting Capital Stock of any such new Foreign Subsidiary or Foreign Subsidiary
Holding Company be required to be so pledged (it being understood and agreed that 100% of the total non-voting Capital Stock of any such
Subsidiary shall be required to be pledged)), (ii) deliver to the Collateral Agent the certificates representing such Capital
Stock, together with undated stock powers, in blank, executed and delivered by a duly authorized officer of the Borrower or such Subsidiary,
as the case may be, and take such other action as may be necessary or, in the opinion of the Administrative Agent or the Collateral Agent,
desirable to perfect the Lien of the Collateral Agent thereon, and (iii) if requested by the Administrative Agent or the Collateral
Agent, deliver to the Administrative Agent and the Collateral Agent legal opinions relating to the matters described above, which opinions
shall be in form and substance, and from counsel, reasonably satisfactory to the Administrative Agent and the Collateral Agent.

 

    92

     

    

 

(d)           Notwithstanding
the foregoing, the requirements of this Section 5.9 shall not apply to, and the Collateral shall exclude, those assets as to which
the Collateral Agent reasonably determines that the costs (time, expense or otherwise) of obtaining a security interest in or Lien upon
such assets are excessive in relation to the benefits to the Secured Parties of the security afforded thereby.

 

5.10         Further
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 Agent or the Collateral Agent may reasonably request, for the purposes
of implementing or effectuating the provisions of this Agreement and the other Loan Documents, or of more fully perfecting or renewing
the rights of the Agents, the Issuing Lender and the Lenders with respect to the Collateral (or with respect to any additions thereto
or replacements or proceeds thereof or with respect to any other property or assets hereafter acquired by the Borrower or any Subsidiary
which may be deemed to be part of the Collateral) pursuant hereto or thereto. Upon the exercise by any Agent, the Issuing Lender or any
Lender of any power, right, privilege or remedy pursuant to this Agreement or the other Loan Documents which requires any consent, approval,
recording, qualification or authorization of any Governmental Authority, the Borrower will execute and deliver, or will cause the execution
and delivery of, all applications, certifications, instruments and other documents and papers that such Agent, the Issuing Lender or
such Lender may be required to obtain from the Borrower or any of its Subsidiaries for such governmental consent, approval, recording,
qualification or authorization.

 

5.11         Ratings.
Use commercially reasonable efforts to (a) cause the Facilities to be continuously rated by S&P and Moody’s and (b) maintain
a corporate rating from S&P and a corporate family rating from Moody’s, in each case in respect of the Borrower.

 

5.12         Use
of Proceeds. Use the proceeds of the Loans and request the issuance of Letters of Credit only for the purposes specified in Section 3.16.
The Borrower will not request any extension of credit, and the Borrower shall not use, and shall procure that its Subsidiaries and its
or their respective directors, officers, employees and agents shall not use, the proceeds of any extension of credit hereunder (a) in
furtherance of an offer, payment, promise to pay, or authorization of the payment or giving of money, or anything else of value, to any
Person in violation of any Anti-Corruption Laws, (b) for the purpose of funding, financing or facilitating any activities, business
or transaction of or with any Sanctioned Person, or in any Sanctioned Country or (c) in any manner that would result in the violation
of any Sanctions applicable to any party hereto.

 

    93

     

    

 

5.13         Beneficial
Ownership Regulation. Notify the Administrative Agent and each Lender if the Borrower ceases to fall within an express exclusion
to the definition of “legal entity customer” under the Beneficial Ownership Regulation. The Borrower will, promptly following
any request therefor, deliver information and documentation reasonably requested by the Administrative Agent or any Lender for purposes
of compliance with the Beneficial Ownership Regulation.

 

Section 6. NEGATIVE COVENANTS

 

The Borrower hereby agrees
that, so long as the Revolving Credit Commitments remain in effect, any Letter of Credit remains outstanding or any Loan or other amount
is owing to any Lender, the Issuing Agent or any Agent hereunder, the Borrower shall not, and shall not permit any of its Subsidiaries
to, directly or indirectly:

 

6.1           Financial
Condition Covenants.

 

(a)            Consolidated
Leverage Ratio. Permit the Consolidated Leverage Ratio as at the last day of any period of four
consecutive Fiscal Quarters ending with any Fiscal Quarter, commencing with the Fiscal Quarter ending on or around June 30, 2014,Test
Period below to exceed 7.00the
following:1.00.

 

	Test
    Periods Ending

    on or about	Consolidated
    Leverage

 Ratio
	June 30,
    2022	7.50
    to 1.00
	September 30,
    2022	8.00
    to 1.00
	December 31,
    2022	8.00
    to 1.00
	March 31,
    2023	8.00
    to 1.00
	June 30,
    2023	8.00
    to 1.00
	September 30,
    2023	8.00
    to 1.00
	December 31,
    2023	7.50
    to 1.00
	March 31,
    2024 and thereafter	7.00
    to 1.00

 

(b)           Consolidated
Interest Coverage Ratio. Permit the Consolidated Interest Coverage Ratio as at the last day of any period of four consecutive Fiscal
Quarters ending with any Fiscal Quarter, commencing with the Fiscal Quarter ending on or around June 30, 2014, to be less than 1.75
to 1.00.

 

Notwithstanding the provisions
set forth in Section 9.1, the provisions of this Section 6.1 and the definitions of Consolidated Leverage Ratio
and Consolidated Interest Coverage Ratio (and, in each case, the component definitions therein) solely for purposes of this Section 6.1
may be amended, waived or otherwise modified solely with the written consent of the Majority Facility Lenders of the Revolving Credit
Facility.

 

6.2           Limitation
on Indebtedness. Create, incur, assume or suffer to exist any Indebtedness, except:

 

(a)           Indebtedness
of any Loan Party pursuant to any Loan Document;

 

    94

     

    

 

(b)           Indebtedness
of (i) the Borrower to any Subsidiary, (ii) any Subsidiary Guarantor to the Borrower or any other Subsidiary, (iii) any
Subsidiary that is not a Subsidiary Guarantor to the Borrower or any Subsidiary Guarantor in an amount not to exceed the greater of $50,000,000
or 2.00% of Consolidated Total Assets outstanding at any one time, and (iv) any Subsidiary that is not a Subsidiary Guarantor to
any other Subsidiary that is not a Subsidiary Guarantor;

 

(c)           Indebtedness
(including, without limitation, Capital Lease Obligations) secured by Liens permitted by Section 6.3(g); provided that the
aggregate principal amount of such Indebtedness, plus the aggregate principal amount of Indebtedness permitted by Section 6.2(h),
shall not at any time exceed $40,000,000 outstanding;

 

(d)           Indebtedness
outstanding on the Closing Date and listed on Schedule 6.2(d) and any refinancings, refundings, renewals or extensions thereof (without
any increase in the principal amount thereof or any shortening of the maturity of any principal amount thereof, except by an amount equal
to a reasonable premium or other similar amount paid, and fees and expenses reasonably incurred, in connection therewith);

 

(e)           Guarantee
Obligations made in the ordinary course of business by (i) the Borrower or any of its Subsidiaries of obligations of the Borrower
or any Subsidiary Guarantor, (ii) the Borrower or any of its Subsidiaries of obligations of any Subsidiary that is not a Subsidiary
Guarantor in an amount not to exceed the greater of $50,000,000 or 2.00% of Consolidated Total Assets outstanding at any time and (iii) any
Subsidiary that is not a Subsidiary Guarantor of the obligations of any other Subsidiary that is not a Subsidiary Guarantor;

 

(f)            (i) 
Indebtedness of the Borrower in respect of the Senior Notes and the New Senior Notes, (ii) Guarantee Obligations of any Subsidiary
Guarantor in respect of such Indebtedness, (iii) Indebtedness of the Borrower that refinances the Senior Notes, the New Senior Notes
and Guarantee Obligations of any Subsidiary Guarantor in respect of such refinancing Indebtedness; provided that (A) the
maturity date of such refinancing Indebtedness shall be no earlier than six months after the Latest Maturity Date, (B) the terms
of such refinancing Indebtedness, taken as a whole, shall not be materially less favorable to the Borrower and the Subsidiary Guarantors
than the terms of the Senior Notes or the New Senior Notes and (C) the principal amount of such refinancing Indebtedness does not
exceed the principal amount of Senior Notes or New Senior Notes, as applicable, refinanced thereby except by an amount equal to a reasonable
premium or other similar amount paid, and fees and expenses reasonably incurred, in connection therewith and (iv) Indebtedness of
the Borrower that refinances Indebtedness incurred in accordance with clause (iii) above and this clause (iv) and Guarantee
Obligations of any Subsidiary Guarantor in respect of such refinancing Indebtedness; provided that (A) the maturity date
of such refinancing Indebtedness shall be no earlier than six months after the maturity date of such Indebtedness incurred in accordance
with clause (iii) above, (B) the terms of such refinancing Indebtedness, taken as a whole, shall not be materially less favorable
to the Borrower and the Subsidiary Guarantors than the terms of such Indebtedness incurred in accordance with clause (iii) above
and (C) the principal amount of such refinancing Indebtedness does not exceed the principal amount of such Indebtedness incurred
in accordance with clause (iii) above, except by an amount equal to a reasonable premium or other similar amount paid,
and fees and expenses reasonably incurred, in connection therewith;

 

    95

     

    

 

(g)           Indebtedness
of the Borrower or its Subsidiaries incurred to finance the acquisition (including, without limitation, by way of merger) of Capital
Stock of any Person engaged in, or assets used or useful in, a business permitted pursuant to Section 6.15; provided that
(i) such Indebtedness does not mature or have scheduled amortization or payments of principal prior to the date that is 91 days
after the Latest Maturity Date at the time such Indebtedness is incurred, (ii) both immediately prior and after giving effect to
the incurrence thereof, no Default or Event of Default shall exist or would result therefrom, (iii) the Borrower shall be in pro
forma compliance with the financial covenants set forth in Section 6.1 after giving effect to such incurrence of Indebtedness
(determined on the assumption that such incurrence of Indebtedness had occurred on the first day of the relevant period measured by such
covenants), (iv) such Indebtedness is not also incurred by or guaranteed by any Subsidiaries of the Borrower other than the Subsidiary
Guarantors and is not incurred by or guaranteed by any other Person and (v) if such Indebtedness is secured, (A) such Indebtedness
is secured by the Collateral (or a portion thereof) on a second lien, subordinated basis to the Obligations and is not secured by any
property or assets of the Borrower or any of its Subsidiaries other than the Collateral (or a portion thereof), (B) the security
agreements relating to such Indebtedness are substantially the same as the Security Documents (with such differences as are reasonably
satisfactory to the Administrative Agent; provided that such differences are not more favorable to the investors in such secured
Indebtedness) and (C) an agent or representative acting on behalf of the holders of such Indebtedness shall have executed and delivered
the Second Lien Intercreditor Agreement or an accession thereto in form and substance satisfactory to the Administrative Agent;

 

(h)           Indebtedness
secured by Liens permitted by Section 6.3(l); provided that the aggregate principal amount of such Indebtedness, plus the
aggregate principal amount of Indebtedness permitted by Section 6.2(c), shall not at any time exceed $40,000,000 outstanding;

 

(i)            Indebtedness
of the Borrower or its Subsidiaries arising from the honoring by a bank or other financing institution of a check, draft or similar instrument
inadvertently drawn against insufficient funds in the ordinary course of business;

 

(j)            Indebtedness
of the Borrower or its Subsidiaries arising from agreements providing for indemnification, adjustment of purchase price or similar obligations,
in each case, incurred in connection with the disposition of any business, assets or a Subsidiary, other than the guaranties of Indebtedness
incurred by any Person acquiring all or any portion of such business, assets or Subsidiary for the purpose of financing such acquisition;
provided, however, that: (i) such Indebtedness is not reflected on the balance sheet of the Borrower or any of its
Subsidiaries (contingent obligations referred to in a footnote to financing statements and not otherwise reflected on the balance sheet
will not be deemed to be reflected on such balance sheet for purposes of this clause (i)) and (ii) the maximum assumable liability
in respect of all such Indebtedness shall at no time exceed the gross proceeds including non-cash proceeds (the Fair Market Value of
such non-cash proceeds being measured at the time received and without giving effect to any subsequent changes in value) actually received
by the Borrower and its Subsidiaries in connection with such disposition;

 

    96

     

    

 

(k)           subordinated
Indebtedness of the Borrower or any of its Subsidiaries in an aggregate principal amount at any time outstanding not to exceed $5,000,000
issued to directors, officers or employees of the Borrower or any of its Subsidiaries in connection with the redemption or purchase of
Capital Stock that is not secured by any assets of the Borrower or any of its Subsidiaries, does not require cash payments prior to the
stated maturity of the Senior Notes or the New Senior Notes and contains subordination terms reasonably acceptable to the Administrative
Agent;

 

(l)            Indebtedness
of the Borrower consisting of outstanding Permitted Foreign Currency Letters of Credit, the Dollar Equivalent of which shall not exceed
$20,000,000 in aggregate principal amount as of the most recent Calculation Date;

 

(m)          Credit
Agreement Refinancing Indebtedness;

 

(n)           other
Indebtedness, not included in clauses (a) through (m) above, not to exceed the greater of $50,000,000 or 2.00% of Consolidated
Total Assets in an aggregate principal amount (or accreted value, as applicable) at any time outstanding; and

 

(o)           Indebtedness
in respect of overdraft facilities, automatic clearinghouse arrangements, employee credit card programs, corporate cards and purchasing
cards, and other business cash management arrangements in the ordinary course of business, including Indebtedness arising under or in
connection with any Cash Management Agreement with a Cash Management Bank.

 

6.3           Limitation
on Liens. Create, incur, assume or suffer to exist any Lien upon any of its Property, whether now owned or hereafter acquired, except
for:

 

(a)           Liens
for taxes, assessments or governmental charges or claims that are not yet delinquent or that are being contested in good faith by appropriate
proceedings promptly instituted and diligently concluded; provided that any reserve or other appropriate provision as is required in
conformity with GAAP has been made therefor;

 

(b)           Liens
imposed by law, such as carriers’, warehousemen’s, mechanics’, materialmen’s, repairmen’s, landlord’s
or other like Liens arising in the ordinary course of business which are not overdue for a period of more than 30 days or that are being
contested in good faith by appropriate proceedings;

 

(c)           Liens
(other than any Lien imposed by ERISA or any rule or regulation promulgated thereunder) incurred or deposits made in the ordinary
course of business in connection with workers’ compensation, unemployment insurance, and other types of social security;

 

(d)           Liens
to secure the performance of statutory obligations, surety or appeal bonds, performance bonds, deposits to secure the performance of
bids, trade contracts, government contracts, warranty requirements, leases or licenses or other obligations of a like nature or incurred
in the ordinary course of business (including, without limitation, landlord Liens on leased real property);

 

    97

     

    

 

(e)           survey
exceptions, easements or reservations of, or rights of others for, licenses, rights-of-way, sewers, electric lines, telegraph and telephone
lines and other similar purposes, or zoning or other restrictions as to the use of real property that were not incurred in connection
with Indebtedness and that do not in the aggregate materially adversely affect the value of said properties or materially impair their
use in the operation of the business of such Person;

 

(f)            Liens
in existence on the Closing Date listed on Schedule 6.3(f), securing Indebtedness permitted by Section 6.2(d), provided that
no such Lien shall at any time encumber any additional Property after the Closing Date and that the amount of Indebtedness secured thereby
shall not be increased (except by an amount equal to a reasonable premium or other similar amount paid, and fees and expenses reasonably
incurred, in connection therewith);

 

(g)           Liens
securing Indebtedness of the Borrower or any other Subsidiary incurred pursuant to Section 6.2(c) to finance the acquisition
of fixed or capital assets, provided that (i) such Liens shall be created substantially simultaneously with the acquisition
of such fixed or capital assets, (ii) such Liens shall not at any time encumber any Property other than the Property financed by
such Indebtedness and (iii) the amount of Indebtedness secured thereby shall not be increased;

 

(h)           Liens
created pursuant to the Security Documents;

 

(i)            any
interest or title of a lessor under any lease entered into by the Borrower or any other Subsidiary in the ordinary course of its business
and covering only the assets so leased;

 

(j)            judgment
liens securing judgments not constituting (or which would otherwise create) an Event of Default;

 

(k)           licenses
of Intellectual Property in the ordinary course of business;

 

(l)            liens
on fixed assets existing at the time such fixed assets are acquired in connection with a Permitted Acquisition and not created in contemplation
thereof;

 

(m)          deposits
in an aggregate amount not to exceed $5,000,000 at any one time outstanding made in the ordinary course of business to secure liability
to insurance carriers;

 

(n)           Liens
in favor of customs and revenue authorities to secure payment of customs duties in connection with the importation of goods in the ordinary
course of business and other similar Liens arising in the ordinary course of business;

 

(o)           Liens
upon specific items of inventory or other goods and proceeds of any Person securing such Person’s obligations in respect of bankers’
acceptances issued or created for the account of such Person to facilitate the purchase, shipment or storage of such inventory or other
goods;

 

(p)           leases
or subleases granted to third Persons not interfering with the ordinary course of business of the Borrower or any of its Subsidiaries;

 

    98

     

    

 

(q)           Liens
on assets of a Subsidiary of the Borrower that is not a Subsidiary Guarantor securing Indebtedness of that Subsidiary; provided
that such Indebtedness was permitted to be incurred by Section 6.2;

 

(r)            Liens
arising out of conditional sale, title retention, consignment or similar arrangements for the sale of goods entered into by the Borrower
or any of its Subsidiaries in the ordinary course of business;

 

(s)           Liens
securing Indebtedness of the Borrower or any Subsidiary incurred pursuant to Section 6.2(g) to finance the acquisition (including,
without limitation, by way of merger) of Capital Stock of any Person; provided that (i) such Liens shall be created substantially
simultaneously with the acquisition of such Capital Stock, (ii) such Liens do not at any time encumber any Property other than the
Capital Stock of such acquired Person and (iii) the amount of Indebtedness secured thereby does not exceed $50,000,000;

 

(t)            Liens
securing Indebtedness of the Borrower or any Subsidiary incurred pursuant to Section 6.2(g) or (m); provided that such
Liens shall at all times be subject to the Second Lien Intercreditor Agreement;

 

(u)           Liens
not otherwise permitted by this Section 6.3, so long as neither (i) the aggregate outstanding principal amount of the obligations
secured thereby nor (ii) the aggregate Fair Market Value (determined as of the date such Lien is incurred) of the assets subject
thereto exceeds the greater of $25,000,000 or 1.00% of Consolidated Total Assets at any one time; and

 

(v)           Liens
with respect to Indebtedness of the Borrower or any other Subsidiary incurred pursuant to Section 6.2(o).

 

6.4           Limitation
on Fundamental Changes. Enter into any merger, consolidation or amalgamation, or liquidate, wind up or dissolve itself (or suffer
any liquidation or dissolution), or Dispose of all or substantially all of its Property or business, except that:

 

(a)           any
Subsidiary may be merged or consolidated with or into the Borrower (provided that the Borrower shall be the continuing or surviving
corporation) or with or into any Subsidiary Guarantor (provided that such Subsidiary Guarantor shall be the continuing or surviving
corporation);

 

(b)           any
Subsidiary that is not a Subsidiary Guarantor may be merged or consolidated with or into any other Subsidiary that is not a Subsidiary
Guarantor;

 

(c)           any
Subsidiary may Dispose of any or all of its assets (upon voluntary liquidation or otherwise) to the Borrower or any Subsidiary Guarantor;

 

(d)           any
Subsidiary that is not a Subsidiary Guarantor may Dispose of any or all of its assets (upon voluntary liquidation or otherwise) to any
other Subsidiary that is not a Subsidiary Guarantor;

 

    99

     

    

 

(e)           any
Subsidiary may divide if such division would otherwise be permitted if effectuated in the form of a merger, consolidation, amalgamation,
sale, lease, transfer, disposition, liquidation, dissolution or other transaction permitted hereunder;

  

(f)            the
Borrower or any Subsidiary may merge or consolidate with any other Person in connection with any Permitted Acquisition or any other Investment
permitted by Section 6.8 or any Disposition permitted by Section 6.5 (other than Section 6.5(c)); provided that
(i) if the Borrower is a party to such merger or consolidation, the Borrower is the continuing or surviving Person and (ii) if
such Subsidiary is a Subsidiary Guarantor, then either such Subsidiary Guarantor shall be the continuing or surviving Person or such
surviving Person shall become a Subsidiary Guarantor promptly after such merger or consolidation; and

 

(g)           to
the extent constituting Investments, transactions expressly permitted under Sections 6.5 (other than Section 6.5(c)) and 6.8.

 

6.5           Limitation
on Disposition of Property. Dispose of any of its Property (including, without limitation, receivables and leasehold interests),
whether now owned or hereafter acquired, or, in the case of any Subsidiary, issue or sell any shares of such Subsidiary’s Capital
Stock to any Person, except:

 

(a)           the
Disposition of obsolete or worn out property in the ordinary course of business;

 

(b)           the
sale of inventory and the Disposition of cash and Cash Equivalents in the ordinary course of business;

 

(c)            Dispositions
permitted by Section 6.4;

 

(d)           the
sale or issuance of any Subsidiary’s Capital Stock to (i) the Borrower or any Subsidiary Guarantor or (ii) a Subsidiary
that is not a Subsidiary Guarantor to the extent permitted by Section 6.8;

 

(e)           the
Disposition of other assets in any fiscal year of the Borrower that contributed, in the aggregate, not more than 20% of Consolidated
EBITDA for the prior fiscal year; provided that in the case of each such Disposition, the Borrower shall be in pro forma
compliance with the financial covenants set forth in Section 6.1 after giving effect to such Disposition (determined on the assumption
that such Disposition and the repayment of any Indebtedness resulting therefrom had occurred on the first day of the relevant period
measured by such covenants);

 

(f)            any
Disposition constituting a Recovery Event; and

 

(g)           Dispositions
of Intellectual Property that in the exercise of its reasonable business judgment, the Borrower has determined are not of material value
to the business of the Borrower and its Subsidiaries, taken as a whole.

 

    100

     

    

 

6.6           Limitation
on Restricted Payments. Declare or pay any dividend (other than dividends payable solely in common stock of the Person making such
dividend) on, or make any payment on account of, or set apart assets for a sinking or other analogous fund for, the purchase, redemption,
defeasance, retirement or other acquisition of, any Capital Stock of the Borrower or any Subsidiary, whether now or hereafter outstanding,
or make any other distribution in respect thereof, either directly or indirectly, whether in cash or property or in obligations of the
Borrower or any Subsidiary, or enter into any derivatives or other transaction with any financial institution, commodities or stock exchange
or clearinghouse (a “Derivatives Counterparty”) obligating the Borrower or any Subsidiary to make payments to such
Derivatives Counterparty as a result of any change in market value of any such Capital Stock (collectively, “Restricted Payments”),
except: (a) any Subsidiary may declare and make Restricted Payments to the Borrower, any Subsidiary Guarantor or any other Person
that owns Capital Stock of such Subsidiary on a pro rata basis; (b) so long as no Default or Event of Default has occurred
and is continuing or would result therefrom, and the Borrower would be in compliance with the covenants set forth in Section 6.1
for the applicable period for which the financial statements and certificates required by Section 5.1(a) or (b) and Section 5.2(a) have
been delivered or are available, after giving pro forma effect to such Restricted Payment and to any other event occurring after such
period as to which pro forma recalculation is appropriate, the Borrower may declare and make Restricted Payments during any Fiscal Quarter
if, at the time such Restricted Payment is made, such Restricted Payment, together with all other Restricted Payments made pursuant to
this clause (b) during such Fiscal Quarter, does not exceed an aggregate amount equal to the Available Amount at such time; and
(c) so long as no Default or Event of Default has occurred and is continuing or would result therefrom, the Borrower may declare
and make Restricted Payments (i) in exchange for Capital Stock of the Borrower (other than Disqualified Stock), (ii) to be
used for the repurchase, redemption or other acquisition or retirement for value of any Capital Stock of the Borrower held by any current
or former officer, director or employee of the Borrower pursuant to any equity subscription agreement, stock option plan or any other
management or employee benefit plan or agreement, shareholders’ agreement or similar agreement; provided that the aggregate
price paid for all such repurchased, redeemed, acquired or retired Capital Stock may not exceed $10,000,000 in any fiscal year of the
Borrower (provided that the Borrower may carry over and make in a subsequent fiscal year, commencing with 2013, in addition to
the amounts permitted for such fiscal year, up to $2,000,000 of unutilized capacity under this clause (c)(ii) attributable to the
immediately preceding fiscal year); provided, further, that such amount in any fiscal year may be increased by an amount
not to exceed the Net Cash Proceeds received by the Borrower or any of its Subsidiaries (to the extent contributed to the Borrower) from
sales of Capital Stock (other than Disqualified Stock) of the Borrower to officers, directors or employees of the Borrower or any of
its Subsidiaries that occur after the Closing Date (provided that the Borrower may elect to apply all or any portion of the aggregate
increase contemplated by this proviso in any fiscal year); provided, further, that cancellation of Indebtedness owing to
the Borrower from members of management of the Borrower or any Subsidiary in connection with a repurchase of Capital Stock of the Borrower
will not be deemed to constitute a Restricted Payment, (iii) to be used for the repurchase of Capital Stock deemed to occur upon
the exercise of stock options to the extent such Capital Stock represent a portion of the exercise price of those stock options, (iv) to
holders of its Capital Stock in lieu of the issuance of fractional shares of its Capital Stock and (v) to be used for the acquisition
of any shares of Disqualified Stock of the Borrower in exchange for other shares of Disqualified Stock of the Borrower or with the net
cash proceeds from an issuance of Disqualified Stock by the Borrower within 10 Business Days of such issuance, in each case to the extent
such issuance is not prohibited under Section 6.2 hereto, Section 4.09 of the Senior Note Indenture and applicable provision
under the New Senior Note Indenture.

 

    101

     

    

 

6.7       [Reserved.]

 

6.8           Limitation
on Investments. Make after the Closing Date any advance, loan, extension of credit (by way of guaranty or otherwise) or capital contribution
to, or purchase any Capital Stock, bonds, notes, debentures or other debt securities of, or any assets constituting an ongoing business
from, or make any other investment in, any other Person (all of the foregoing, “Investments”), except:

 

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

 

(b)           investments
in Cash Equivalents;

 

(c)           Investments
arising in connection with the incurrence and lending of Indebtedness permitted by Sections 6.2(b) and (e);

 

(d)            loans
and advances to employees of the Borrower or any Subsidiaries of the Borrower in the ordinary course of business (including, without
limitation, for travel, entertainment and relocation expenses) in an aggregate amount for the Borrower and its Subsidiaries not to exceed
$5,000,000 at any one time outstanding;

 

(e)           Permitted
Acquisitions;

 

(f)            (i) Investments
(other than those relating to the incurrence of Indebtedness permitted by Section 6.8(c)) by the Borrower or any of its Subsidiaries
in the Borrower or any Person that, prior to such investment, is a Subsidiary Guarantor; (ii) Investments by any Subsidiary that
is not a Subsidiary Guarantor to any other Subsidiary that is not a Subsidiary Guarantor; and (iii) Investments by the Borrower
or any Subsidiary Guarantor in any Subsidiary that is not a Subsidiary Guarantor in an amount not to exceed the greater or $50,000,000
or 2.00% of Consolidated Total Assets;

 

(g)           any
Investments received (i) in compromise or resolution of (x) obligations of trade creditors or customers that were incurred
in the ordinary course of business of the Borrower or any of its Subsidiaries, including pursuant to any plan of reorganization or similar
arrangement upon the bankruptcy or insolvency of any trade creditor or customer or (y) litigation, arbitration or other disputes
with Persons who are not Affiliates; or (ii) in satisfaction of judgments;

 

(h)           loans
by the Borrower in an aggregate principal amount not exceeding $5,000,000 to employees of the Borrower or its Subsidiaries to finance
the sale of the Borrower’s Capital Stock by the Borrower to such employees;

 

(i)            receivables
owing to the Borrower or any Subsidiary if created or acquired in the ordinary course of business and payable or dischargeable in accordance
with customary trade terms;

 

    102

     

    

 

(j)            any
Investment in any Person to the extent such Investment consists of prepaid expenses, negotiable instruments held for collection and lease,
utility and workers’ compensation, performance and other similar deposits made in the ordinary course of business by the Borrower
of any of its Subsidiaries;

 

(k)           Investments
obtained as consideration for a Disposition of property permitted under Section 6.5 in an aggregate amount not to exceed 25% of
the total aggregate consideration received from all Dispositions of property permitted under Section 6.5 during the term hereof;

 

(l)            Investments
consisting of Hedging Obligations;

 

(m)          the
Acquisition;

 

(n)           Investments
in an amount that does not exceed the Available Amount immediately prior to the time of the making of such Investment; provided
that no Default or Event of Default has occurred and is continuing or would result therefrom; and

 

(o)           other
Investments in any Person having an aggregate Fair Market Value (measured on the date each such Investment was made and without giving
effect to subsequent changes in value), when taken together with all other Investments made pursuant to this clause (o) or clause
(i)(ii) of the definition of “Permitted Acquisition” that are at the time outstanding, not to exceed an amount equal
to the sum of (i) $200,000,000 plus (ii) any amount attributable to Excluded Issuances after the Closing Date less the
amount of any such Excluded Issuances that have been used after the Closing Date to make any Investments pursuant to this clause (o) or
to finance any Permitted Acquisition; provided that, if an Investment made pursuant to this clause (o) is made in any Person
that is not a Subsidiary at the date of the making of such Investment and such Person becomes a Subsidiary after such date, such Investment
will thereafter be deemed to have been made pursuant to clause (f) above and shall cease to have been made pursuant to this clause
(o).

 

6.9           Limitation
on Optional Payments and Modifications of Debt Instruments, etc. (a) Make any distribution, whether in cash, property,
securities or a combination thereof, other than regular scheduled payments of principal and interest as and when due (to the extent not
prohibited by applicable subordination provisions), in respect of, or pay, or commit to pay, or directly or indirectly redeem, repurchase,
retire or otherwise acquire for consideration, or set apart any sum for the aforesaid purposes, any Indebtedness except (A) the
payment of the Indebtedness created hereunder, (B) refinancings of Indebtedness to the extent such refinancings are permitted by
Section 6.2, (C) any refinancing, repayment, redemption, repurchase, retirement or other acquisition for consideration of Indebtedness,
in an amount that does not exceed the Available Amount immediately prior to the time of such refinancing, repayment, redemption, repurchase,
retirement or other acquisition for consideration; provided that no Default or Event of Default has occurred and is continuing
or would result therefrom, (D) the payment of secured Indebtedness that becomes due as a result of the voluntary sale or transfer
of the property or assets securing such Indebtedness, (E) the prepayment of the Existing Senior Notes Due 2021 with the proceeds
of the Tranche B-4 Term Loans, Revolving Credit Loans and the proceeds of New Senior Notes to be issued on or about the Third Amendment
Effective Date, (b) amend, modify or otherwise change, or consent or agree to any amendment, modification, waiver or other
change to, any of the terms of the Senior Notes, the Senior Note Indenture, the New Senior Notes or the New Senior Note Indenture, or
the indenture or instruments governing any Indebtedness that refinances the Senior Notes or the New Senior Notes in a manner materially
adverse to the Agents or the Lenders or in a manner which imposes terms, conditions, covenants or obligations on the Loan Parties which
are materially more restrictive on such Loan Parties or (c) amend, modify or otherwise change, or consent or agree to any amendment,
modification, waiver or other change to, the certificate of incorporation, by-laws, limited liability company agreement, operating agreement,
partnership agreement or similar organizational document of the Borrower or any of its Subsidiaries in any manner materially adverse
to the Agents or the Lenders.

 

    103

     

    

 

6.10         Limitation
on Transactions with Affiliates. Enter into any transaction, including, without limitation, any purchase, sale, lease or exchange
of Property, the rendering of any service or the payment of any management, advisory or similar fees, with any Affiliate (other than
the Borrower or any Subsidiary Guarantor) unless such transaction is (a) otherwise not prohibited under this Agreement and (b) upon
fair and reasonable terms no less favorable to the Borrower or such Subsidiary, as the case may be, than it would obtain in a comparable
arm’s length transaction with a Person that is not an Affiliate. Notwithstanding the foregoing, the Borrower and its Subsidiaries
may enter into the transactions set forth on Schedule 6.10.

 

6.11         Limitation
on Sales and Leasebacks. Enter into any sale and leaseback transaction; provided that the Borrower or any Subsidiary may enter
into a sale and leaseback transaction if:

 

(a)           the
Borrower or such Subsidiary, as applicable, could have (i) incurred Indebtedness in an amount equal to the Attributable Debt relating
to such sale and leaseback transaction under Section 6.2 and (ii) incurred a Lien to secure such Indebtedness pursuant to Section 6.3;

 

(b)           the
gross cash proceeds of that sale and leaseback transaction are at least equal to the Fair Market Value of the property that is the subject
of that sale and leaseback transaction; and

 

(c)           the
transfer of assets in that sale and leaseback transaction is permitted by Section 6.5.

 

6.12         Limitation
on Changes in Fiscal Periods. Permit the fiscal year of the Borrower to end on a day other than the Saturday nearest to December 31
without the consent of the Administrative Agent.

 

    104

     

    

 

 

6.13         Limitation
on Negative Pledge Clauses. Enter into or suffer to exist or become effective any agreement that prohibits or limits the ability
of the Borrower or any of its Subsidiaries to create, incur, assume or suffer to exist any Lien upon any of its Property or revenues,
whether now owned or hereafter acquired, to secure the Obligations or, in the case of any Subsidiary Guarantor, its obligations under
the Guarantee and Collateral Agreement, other than (a) this Agreement and the other Loan Documents, (b) any agreements governing
any purchase money Liens or Capital Lease Obligations otherwise permitted hereby (in which case, any prohibition or limitation shall
only be effective against the assets financed thereby), (c) customary non-assignment provisions in licenses or sublicenses by the
Borrower and its Subsidiaries in the ordinary course of business (in which case such prohibition or limitation shall only be effective
against the Intellectual Property subject thereto), (d) customary provisions in joint venture agreements and similar agreements
that restrict transfers of assets of, or equity interests in, such joint venture, (e) agreements governing Indebtedness permitted
by Sections 6.2(g), (h) and (m) (provided that, in the case of such agreements governing Indebtedness permitted by Section 6.2(h),
such prohibition or limitation shall be effective only against the property acquired thereby) and (f) agreements entered into by
a Subsidiary that is not a Subsidiary Guarantor governing Liens permitted by Section 6.3(m) or the Indebtedness secured thereby
(in which case such prohibition or limitation shall only be effective against the assets of such Subsidiary subject to such Lien).

 

6.14         Limitation
on Restrictions on Subsidiary Distributions. Enter into or suffer to exist or become effective any consensual encumbrance or restriction
on the ability of any Subsidiary to (a) make Restricted Payments in respect of any Capital Stock of such Subsidiary held by, or
pay or subordinate any Indebtedness owed to, the Borrower or any other Subsidiary, (b) make Investments in the Borrower or any other
Subsidiary or (c) transfer any of its assets to the Borrower or any other Subsidiary, except for such encumbrances or restrictions
existing under or by reason of (i) any restrictions existing under the Loan Documents, (ii) any restrictions existing under
the New Senior Note Indenture, the New Senior Note Indenture and any agreements governing Indebtedness permitted by Sections 6.2(f),
to the extent such restrictions are no more restrictive than those in the Senior Note Indenture or the New Senior Note Indenture, (iii) any
restrictions with respect to a Subsidiary imposed pursuant to an agreement that has been entered into in connection with the Disposition
of all or substantially all of the Capital Stock or assets of such Subsidiary, (iv) customary net worth provisions contained in
real property leases entered into in by any Loan Party so long as such net worth provisions would not reasonably be expected to impair
materially the ability of the Loan Parties to meet their ongoing obligations under this Agreement or any of the other Loan Documents,
and (v) with respect to clause (c) only, (i) customary non-assignment provisions in licenses or sublicenses by the Borrower
and its Subsidiaries in the ordinary course of business (in which case such prohibition or limitation shall only be effective against
the Intellectual Property subject thereto), (ii) customary provisions in joint venture agreements and similar agreements that restrict
transfers of assets of, or equity interests in, such joint venture, (iii) agreements governing Indebtedness permitted by Sections
6.2(g), (h) and (m) (provided that, in the case of such agreements governing Indebtedness permitted by Section 6.2(h),
such prohibition or limitation shall be effective only against the property acquired thereby), (iv) agreements entered into by a
Subsidiary that is not a Subsidiary Guarantor governing Liens permitted by Section 6.3(m) or the Indebtedness secured thereby
(in which case such prohibition or limitation shall only be effective against the assets of such Subsidiary subject to such Lien) and
(v) any agreements governing any purchase money Liens or Capital Lease Obligations otherwise permitted hereby (in which case, any
prohibition or limitation shall only be effective against the assets financed thereby).

 

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

 

    105

     

    

 

Section
7. EVENTS OF DEFAULT

 

If any of the following events shall occur and be continuing:

 

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

 

(b)           any
representation or warranty made or deemed made by any Loan Party herein or in any other Loan Document or that is contained in any certificate,
document or financial or other written statement furnished by it at any time under or in connection with this Agreement or any other Loan
Document shall prove to have been inaccurate in any material respect on or as of the date made or deemed made or furnished; or

 

(c)           any
Loan Party shall default in the observance or performance of any agreement contained in clause (i) or (ii) of Section 5.4(a) (with
respect to the Borrower only), Section 5.7(a) or Section 6 (provided that an Event of Default under Section 6.1
shall not constitute an Event of Default for purposes of the Tranche B-4 Term Loan Facility or any other Term Loan Facility unless and
until the Majority Facility Lenders with respect to the Revolving Credit Facility have terminated the Revolving Credit Commitments and
declared the Revolving Credit Loans due and payable), or Section 5.6 of the Guarantee and Collateral Agreement; or

 

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

 

(e)           the
Borrower or any of its Subsidiaries shall (i) default in making any payment of any principal of any Indebtedness (including, without
limitation, any Guarantee Obligation, but excluding the Loans and Reimbursement Obligations) on the scheduled or original due date with
respect thereto; or (ii) default in making any payment of any interest on any such Indebtedness beyond the period of grace, if any,
provided in the instrument or agreement under which such Indebtedness was created; or (iii) default in the observance or performance
of any other agreement or condition relating to any such Indebtedness or contained in any instrument or agreement evidencing, securing
or relating thereto, or any other event shall occur or condition exist, the effect of which default or other event or condition is to
cause, or to permit the holder or beneficiary of such Indebtedness (or a trustee or agent on behalf of such holder or beneficiary) to
cause, with the giving of notice if required, such Indebtedness to become due prior to its stated maturity or (in the case of any such
Indebtedness constituting a Guarantee Obligation) to become payable; provided that a default, event or condition described in clause
(i), (ii) or (iii) of this paragraph (e) shall not at any time constitute an Event of Default unless, at such time, one
or more defaults, events or conditions of the type described in clauses (i), (ii) and (iii) of this paragraph (e) shall
have occurred and be continuing with respect to Indebtedness the outstanding principal amount of which exceeds in the aggregate $40,000,000;
or

 

    106

     

    

 

(f)            (i) the
Borrower or any of its Subsidiaries shall commence any case, proceeding or other action (A) under any existing or future Debtor
Relief Law, seeking to have an order for relief entered with respect to it, or seeking to adjudicate it a bankrupt or insolvent, or seeking
reorganization, arrangement, adjustment, winding-up, liquidation, dissolution, composition or other relief with respect to it or its
debts, or (B) seeking appointment of a receiver, trustee, custodian, conservator or other similar official for it or for all or
any substantial part of its assets, or the Borrower or any of its Subsidiaries shall make a general assignment for the benefit of its
creditors; or (ii) there shall be commenced against the Borrower or any of its Subsidiaries any case, proceeding or other action
of a nature referred to in clause (i) above that (A) results in the entry of an order for relief or any such adjudication or
appointment or (B) remains undismissed, undischarged or unbonded for a period of 60 days; or (iii) there shall be commenced
against the Borrower or any of its Subsidiaries any case, proceeding or other action seeking issuance of a warrant of attachment, execution,
distraint or similar process against all or any substantial part of its assets that results in the entry of an order for any such relief
that shall not have been vacated, discharged, or stayed or bonded pending appeal within 60 days from the entry thereof; or (iv) the
Borrower or any of its Subsidiaries shall take any action in furtherance of, or indicating its consent to, approval of, or acquiescence
in, any of the acts set forth in clause (i), (ii), or (iii) above; or (v) the Borrower or any of its Subsidiaries shall generally
not, or shall be unable to, or shall admit in writing its inability to, pay its debts as they become due; or

 

(g)           there
shall occur an ERISA Event, a Foreign Benefit Event or any other similar event or condition with respect to a Plan or Multiemployer Plan
(other than in the ordinary course of business) that could result in liability of the Borrower or any Subsidiary that, in the sole judgment
of the Required Lenders, when taken together with all other such ERISA Events, Foreign Benefit Events or other similar events or conditions,
resulted or could reasonably be expected to result in a Material Adverse Effect; or

 

(h)           one
or more judgments or decrees shall be entered against the Borrower or any of its Subsidiaries involving for the Borrower and its Subsidiaries
taken as a whole a liability (not paid or fully covered by insurance as to which the relevant insurance company has not disputed or denied
coverage (but only to the extent of the dispute or denial of coverage)) of $40,000,000 or more, and all such judgments or decrees shall
not have been vacated, discharged, stayed or bonded pending appeal within 30 days from the entry thereof; or

 

(i)            any
of the Security Documents or any other material Loan Document shall cease, for any reason (other than in accordance with their respective
terms), to be in full force and effect, or any Loan Party or any Affiliate of any Loan Party shall so assert, or any Lien created or purported
to be created by any of the Loan Documents shall cease to be, or shall be asserted by any Loan Party not to be, at any time a valid and
perfected Lien on a material portion of the Collateral purported to be secured thereby (except Liens released in accordance with the terms
of the Loan Documents); or

 

(j)            the
guarantee contained in Section 2 of the Guarantee and Collateral Agreement shall cease, for any reason, to be in full force and effect
or any Loan Party or any Affiliate of any Loan Party shall so assert (except, in each case, in accordance with its terms or guarantees
released in accordance with the terms of the Loan Documents); or

 

    107

     

    

 

(k)           any
subordinated Indebtedness of the Borrower and its Subsidiaries the outstanding principal amount of which exceeds in the aggregate $40,000,000
shall cease (or any Loan Party or an Affiliate of any Loan Party shall so assert), for any reason, to be validly subordinated to the
Obligations as provided in the agreements evidencing such subordinated Indebtedness; or

 

(l)            (i) a
 “Change of Control” as defined in the Senior Note Indenture (or in any document or agreement governing or evidencing refinancing
Indebtedness in respect of all or any portion of the Senior Notes) or in the New Senior Note Indenture (or in any document or agreement
governing or evidencing refinancing Indebtedness in respect of all or any portion of the New Senior Notes) shall occur or (ii) a
Specified Change of Control shall occur;

 

then, and in any such event, (A) if
such event is an Event of Default specified in clause (i) or (ii) of paragraph (f) above with respect to the
Borrower, automatically the Revolving Credit Commitments shall immediately terminate and the Loans hereunder (with accrued interest
thereon) and all other amounts owing under this Agreement and the other Loan Documents (including, without limitation, all amounts
of L/C Obligations, whether or not the beneficiaries of the then outstanding Letters of Credit shall have presented the documents
required thereunder) shall immediately become due and payable, (B) if such event is any other Event of Default (other than in
the case of an Event of Default under Section 7(c) with respect to any default of performance or compliance with
the covenants under Section 6.1 prior to the date the Revolving Credit Loans (if any) have been accelerated and the
Revolving Credit Commitments have been terminated), either or both of the following actions may be taken: (i) with the consent
of the Required Lenders, the Administrative Agent may, or upon the request of the Required Lenders, the Administrative Agent shall,
by notice to the Borrower declare the Revolving Credit Commitments to be terminated forthwith, whereupon the Revolving Credit
Commitments shall immediately terminate; and (ii) with the consent of the Required Lenders, the Administrative Agent may, or
upon the request of the Required Lenders, the Administrative Agent shall, by notice to the Borrower, declare the Loans hereunder
(with accrued interest thereon) and all other amounts owing under this Agreement and the other Loan Documents (including, without
limitation, all amounts of L/C Obligations, whether or not the beneficiaries of the then outstanding Letters of Credit shall have
presented the documents required thereunder) to be due and payable forthwith, whereupon the same shall immediately become due and
payable, (C) if such event is an Event of Default under Section 7(c) with respect to any default of
performance or compliance with the covenants under Section 6.1, either or both of the following actions may be taken:
(i) with the consent of the Majority Facility Lenders of the Revolving Credit Facility, the Administrative Agent may, or upon
the request of the Majority Facility Lenders of the Revolving Credit Facility, the Administrative Agent shall, by notice to the
Borrower declare the Revolving Credit Commitments to be terminated forthwith, whereupon the Revolving Credit Commitments shall
immediately terminate; and (ii) with the consent of the Majority Facility Lenders of the Revolving Credit Facility, the
Administrative Agent may, or upon the request of the Majority Facility Lenders of the Revolving Credit Facility, the Administrative
Agent shall, by notice to the Borrower, declare the Revolving Credit Loans hereunder (with accrued interest thereon) and all other
amounts owing under this Agreement with respect to the Revolving Credit Facility (including, without limitation, all amounts of L/C
Obligations, whether or not the beneficiaries of the then outstanding Letters of Credit shall have presented the documents required
thereunder) to be due and payable forthwith, whereupon the same shall immediately become due and payable. With respect to all
Letters of Credit with respect to which presentment for honor shall not have occurred at the time of an acceleration pursuant to
this paragraph, the Borrower shall at such time deposit in a cash collateral account opened by the Administrative Agent an amount
equal to the aggregate then undrawn and unexpired amount of such Letters of Credit. Amounts held in such cash collateral account
shall be applied by the Administrative Agent to the payment of drafts drawn under such Letters of Credit, and the unused portion
thereof after all such Letters of Credit shall have expired or been fully drawn upon, if any, shall be applied to repay other
obligations of the Borrower hereunder and under the other Loan Documents. After all such Letters of Credit shall have expired or
been fully drawn upon, all Reimbursement Obligations shall have been satisfied and all other obligations of the Borrower hereunder
and under the other Loan Documents shall have been paid in full, the balance, if any, in such cash collateral account shall be
returned to the Borrower (or such other Person as may be lawfully entitled thereto).

 

    108

     

    

 

Section 8. THE AGENTS;
THE ARRANGERS

 

8.1           Appointment.
Each of the Issuing Lender and each Lender hereby irrevocably designates and appoints the Administrative Agent and the Collateral Agent
(for purposes of this Section 8, the Administrative Agent and the Collateral Agent are referred to collectively as the “Agents”)
as its agent under this Agreement and the other Loan Documents, and each of the Issuing Lender and each Lender irrevocably authorizes
each Agent, in such capacity, to take such action on its behalf under the provisions of this Agreement and the other Loan Documents and
to exercise such powers and perform such duties as are expressly delegated to such Agent by the terms of this Agreement and the other
Loan Documents, together with such actions and powers as are reasonably incidental thereto. The provisions of this Article are solely
for the benefit of the Agents, the Issuing Lender and the Lenders, and neither the Borrower nor any other Loan Party shall have rights
as a third-party beneficiary of any of such provisions. It is understood and agreed that the use of the term “agent” herein
or in any other Loan Documents (or any other similar term) with reference to the Administrative Agent or the Collateral Agent, as applicable,
is not intended to connote any fiduciary or other implied (or express) obligations arising under agency doctrine of any applicable law.
Instead such term is used as a matter of market custom, and is intended to create or reflect only an administrative relationship between
contracting parties. Without limiting the generality of the foregoing, the Agents are hereby expressly authorized to (i) execute
any and all documents (including releases and the Security Documents) with respect to the Collateral and the rights of the Secured Parties
with respect thereto, as contemplated by and in accordance with the provisions of this Agreement and the Security Documents and (ii) negotiate,
enforce or the settle any claim, action or proceeding affecting the Lenders in their capacity as such, at the direction of the Required
Lenders, which negotiation, enforcement or settlement will be binding upon each Lender.

 

The Person serving as
the Administrative Agent and/or the Collateral Agent hereunder or under any other applicable Loan Document 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 an Agent, and the
term “Lender” or “Lenders” shall, unless otherwise expressly indicated or unless the context otherwise
requires, include the Person serving as an Agent hereunder in its individual capacity. Such Person and its Affiliates may accept
deposits from, lend money to, own securities of, act as the financial advisor or in any other advisory capacity for, and generally
engage in any kind of business with the Borrower or any Subsidiary or other Affiliate thereof (subject to securities law and other
Requirements of Law) as if it were not an Agent hereunder and without any duty to account therefor to the Lenders.

 

    109

     

    

 

8.2           Delegation
of Duties. Each Agent may perform any, and all of its duties and exercise its rights and powers, under this Agreement and the other
Loan Documents by or through agents, sub-agents or attorneys-in-fact appointed by it and shall be entitled to advice of counsel concerning
all matters pertaining to such duties. Each Agent and any such agent, sub-agent or attorney-in-fact may perform any and all its duties
and exercise its rights and powers by or through their respective Related Parties. The exculpatory provisions of Section 8.3 shall
apply to any such agent, sub-agent and attorney-in-fact and to the Related Parties of each Agent and any such agent, sub-agent and attorney-in-fact,
and shall apply to their respective activities in connection with the syndication of the Facilities as well as activities as Agent. No
Agent shall be responsible for the negligence or misconduct of any agents, sub-agents or attorneys-in-fact except to the extent that
a court of competent jurisdiction determines in a final and non-appealable judgment that such Agent acted with gross negligence, willful
misconduct or bad faith in the selection of such agent, sub-agent or attorney-in-fact.

 

8.3           Exculpatory
Provisions. No Agent shall have any duties or obligations except those expressly set forth in the Loan Documents, and each Agent’s
duties hereunder shall be administrative in nature. Without limiting the generality of the foregoing, no Agent nor any of its officers,
directors, employees, agents, attorneys-in-fact or affiliates shall (a) be subject to any fiduciary or other implied duties, regardless
of whether a Default or Event of Default has occurred and is continuing, (b) have any duty to take any discretionary action or exercise
any discretionary powers, except discretionary rights and powers expressly contemplated hereby that such Agent is instructed in writing
to exercise by the Required Lenders (or such other number or percentage of the Lenders as shall be necessary under the circumstances as
provided for herein or in the other Loan Documents); provided that no Agent shall be required to take any action that, in its opinion
or the opinion of its counsel, may expose such Agent to liability or that is contrary to any Loan Document or applicable law, and (c) except
as expressly set forth in the Loan Documents, no Agent shall have any duty to disclose, nor shall it be liable for the failure to disclose,
any information relating to the Borrower or any of its Subsidiaries that is communicated to or obtained by the Person serving as Administrative
Agent and/or Collateral Agent or any of its Affiliates in any capacity. No Agent shall be liable for any action taken or not taken by
it with the consent or at the request of the Required Lenders (or such other number or percentage of the Lenders as shall be necessary,
or as such Agent shall believe in good faith shall be necessary, under the circumstances as provided in Section 7) or in the absence
of its own gross negligence, willful misconduct or bad faith as determined by a court of competent jurisdiction by a final non-appealable
judgment. No Agent shall be responsible for or have any duty to inspect the properties, books or records of any Loan Party or 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, statement or other document referred to or provided for, or received by any Agent under
or in connection with, this Agreement or any other Loan Document, (iii) the performance or observance of any of the covenants, agreements
or other terms or conditions set forth in any Loan Document or the occurrence of any Default or Event of Default, (iv) the validity,
enforceability, effectiveness or genuineness of any Loan Document or any other agreement, instrument or document, or (v) the satisfaction
of any condition set forth in Section 4 or elsewhere in any Loan Document, other than to confirm receipt of items expressly required
to be delivered to such Agent.

 

    110

     

    

 

8.4           Reliance
by Administrative Agent. Each Agent shall be entitled to rely, and shall not incur any liability for relying, upon any instrument,
writing, resolution, notice, request, consent, certificate, affidavit, letter, telecopy, telex or teletype message, statement, order
or other document or 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, made or otherwise authenticated by the proper Person or Persons. Each Agent may also
rely upon any statement made to it orally or by telephone and believed by it to have been made by the proper Person, and shall not incur
any liability for relying thereon. In determining compliance with any condition hereunder to the making of a Loan, or the issuance, extension,
renewal or increase of a Letter of Credit, that by its terms must be fulfilled to the satisfaction of a Lender or the Issuing Lender,
each Agent may presume that such condition is satisfactory to such Lender or the Issuing Lender unless such Agent shall have received
notice to the contrary from such Lender or the Issuing Lender prior to the making of such Loan or the issuance of such Letter of Credit.
Each Agent may consult with legal counsel (who may be counsel for the Borrower), independent accountants and other experts selected by
it, and shall not be liable for any action taken or not taken by it in accordance with the advice of any such counsel, accountants or
experts. The Administrative Agent may deem and treat the payee of any Note as the owner thereof for all purposes unless a written notice
of assignment, negotiation or transfer thereof shall have been filed with the Administrative Agent. Each Agent shall be fully justified
in failing or refusing to take any action under this Agreement or any other Loan Document unless it shall first receive such advice or
concurrence of the Required Lenders (or, if so specified by this Agreement, all Lenders) as it deems appropriate or it shall first be
indemnified to its satisfaction by the Lenders against any and all liability and expense (other than any liability or expense arising
from its gross negligence, willful misconduct or bad faith) that may be incurred by it by reason of taking or continuing to take any
such action. Each Agent shall in all cases be fully protected in acting, or in refraining from acting, under this Agreement and the other
Loan Documents in accordance with a request of the Required Lenders (or, if so specified by this Agreement, all Lenders or, in the case
of the Collateral Agent, if so specified by the applicable Security Document, such other requisite number or percentage of Secured Parties),
and such request and any action taken or failure to act pursuant thereto shall be binding upon all the Lenders and all future holders
of the Loans, the Commitments and L/C Obligations.

 

8.5           Notice
of Default. No Agent shall be deemed to have knowledge or notice of the occurrence of any Default or Event of Default hereunder unless
such Agent has received written notice from a Lender or the Borrower referring to this Agreement, describing such Default or Event of
Default and stating that such notice is a “notice of default”. In the event that the Administrative Agent receives such a
notice, the Administrative Agent shall give notice thereof to the Lenders.

 

    111

     

    

 

8.6           Non-Reliance
on Agents and Other Lenders. Each of the Issuing Lender and each Lender expressly acknowledges that none of the Agents nor any of
their respective Related Parties have made any representations or warranties to it and that no act by any Agent hereafter taken, including
any review of the affairs of a Loan Party or any Affiliate of a Loan Party, shall be deemed to constitute any representation or warranty
by such Agent to the Issuing Lender or any Lender. Each of the Issuing Lender and each Lender represents to each Agent that it has, independently
and without reliance upon any Agent or any Lender, and based on such documents and information as it has deemed appropriate, made its
own appraisal of, and investigation into, the business, operations, property, financial and other condition and creditworthiness of the
Loan Parties and their respective Affiliates and made its own decision to make its Loans and other extensions of credit hereunder and
enter into this Agreement. Each of the Issuing Lender and each Lender also represents that it will, independently and without reliance
upon any Agent or any Lender or any of their respective Related Parties, and based on such documents and information as it shall deem
appropriate at the time, it will, independently and without reliance upon any Agent or any Lender or any of their respective Related
parties, continue to make its own credit analysis, appraisals and decisions in taking or not taking action under or based upon this Agreement
or any other Loan Document, any related agreement or any document furnished hereunder or thereunder, and to make such investigation as
it deems necessary to inform itself as to the business, operations, property, financial and other condition and creditworthiness of the
Loan Parties and their respective Affiliates. Except for notices, reports and other documents expressly required to be furnished to the
Lenders by the Administrative Agent hereunder, no Agent shall have any duty or responsibility to provide any Lender with any credit or
other information concerning the business, operations, property, condition (financial or otherwise), prospects or creditworthiness of
any Loan Party or any Affiliate of a Loan Party that may come into the possession of the Administrative Agent or any of its officers,
directors, employees, agents, attorneys-in-fact or affiliates.

 

8.7           Indemnification.
The Lenders agree to indemnify the Administrative Agent in its capacity as such (to the extent not reimbursed by the Borrower and without
limiting the obligation of the Borrower to do so), ratably according to their respective Aggregate Exposure Percentages in effect on
the date on which indemnification is sought under this Section (or, if indemnification is sought after the date upon which the Revolving
Credit Commitments shall have terminated and the Loans shall have been paid in full, ratably in accordance with such Aggregate Exposure
Percentages immediately prior to such date), from and against any and all liabilities, obligations, losses, damages, penalties, actions,
judgments, suits, costs, expenses or disbursements of any kind whatsoever that may at any time (including, without limitation, at any
time following the payment of the Loans) be imposed on, incurred by or asserted against the Administrative Agent in any way relating
to or arising out of, the Revolving Credit Commitments, this Agreement, any of the other Loan Documents or any documents contemplated
by or referred to herein or therein or the transactions contemplated hereby or thereby or any action taken or omitted by the Administrative
Agent under or in connection with any of the foregoing; provided that no Lender shall be liable for the payment of any portion
of such liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements that are found
by a final and nonappealable decision of a court of competent jurisdiction to have resulted from the Administrative Agent’s gross
negligence, willful misconduct or bad faith. The agreements in this Section shall survive the payment of the Loans and all other
amounts payable hereunder.

 

8.8           Administrative
Agent in Its Individual Capacity. The Person serving as the Administrative Agent and its Affiliates may make loans to, accept deposits
from and generally engage in any kind of business with any Loan Party as though the Person serving as the Administrative Agent were not
the Administrative Agent hereunder. With respect to its Loans made or renewed by it and with respect to any Letter of Credit issued or
participated in by it, the Person serving as the Administrative Agent shall have the same rights and powers under this Agreement and the
other Loan Documents as any Lender and may exercise the same as though it were not the Administrative Agent, and the terms “Lender”
and “Lenders” shall include the Person serving as the Administrative Agent in its individual capacity.

 

    112

     

    

 

8.9           Successor
Agents. Each Agent may resign at any time upon 10 days’ written notice to the Lenders, the Issuing Lender and the Borrower.
Upon any such resignation, the Required Lenders shall have the right to appoint from among the Lenders a successor Agent, which successor
Agent shall (unless an Event of Default under Section 7(a) or Section 7(f) with respect to the Borrower shall have
occurred and be continuing) be subject to approval by the Borrower (which approval shall not be unreasonably withheld or delayed), whereupon
such successor Agent shall succeed to the rights, powers and duties of the resigning Agent, and the term “Administrative Agent”
and/or “Collateral Agent”, as applicable, shall mean such successor Agent effective upon such appointment and approval, and
the resigning Agent’s rights, powers and duties as Agent shall be terminated, without any other or further act or deed on the part
of such resigning Agent or any of the parties to this Agreement or any holders of the Loans. If no successor shall have been so appointed
by the Required Lenders and shall have accepted such appointment within 10 days after the resigning Agent gives notice of its resignation,
then the resigning Agent may, on behalf of the Lenders and the Issuing Lender, appoint a successor Agent which shall be a financial institution
with an office in New York, New York, or an Affiliate of any such financial institution. If no successor Agent has been appointed pursuant
to the immediately preceding sentence by the 10th day after the date such notice of resignation was given by such Agent, such Agent’s
resignation shall become effective (and such Agent shall be relieved from its duties and obligations hereunder) and the Required Lenders
shall thereafter perform all the duties of such Agent hereunder and/or under any other Loan Document until such time, if any, as the
Required Lenders appoint a successor Administrative Agent and/or Collateral Agent, as the case may be. Any such resignation by such Agent
hereunder shall also constitute, to the extent applicable, its resignation as the Issuing Lender, in which case such resigning Agent
(a) shall not be required to issue any further Letters of Credit hereunder and (b) shall maintain all of its rights as Issuing
Lender with respect to any Letters of Credit issued by it prior to the date of such resignation. Upon the acceptance of its appointment
as Agent hereunder by a successor, such successor shall succeed to and become vested with all the rights, powers, privileges and duties
of the resigning Agent, and the resigning Agent shall be discharged from its duties and obligations hereunder (if not already discharged
therefrom as provided above). The fees payable by the Borrower to a successor Agent shall be the same as those payable to its predecessor
unless otherwise agreed between the Borrower and such successor. After an Agent’s resignation hereunder, the provisions of this
Section 8 and Section 9.5 shall continue in effect for the benefit of such resigning 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 acting as Agent.

 

8.10         Authorization
to Release Liens; Other Actions Relating to Security Documents. The Secured Parties irrevocably authorize the Collateral Agent,
at its option and in its discretion, (a) to release any Lien on any property granted to or held by the Collateral Agent under
any Loan Document (i) upon termination of all Commitments and payment in full of all Obligations (other than contingent
obligations in respect of which no assertion of liability (whether oral or written) and no claim or demand for payment (whether oral
or written) has been made (and, in the case of Obligations for indemnification, no notice for indemnification has been issued by the
indemnitee) at such time) and the expiration or termination of all Letters of Credit (other than Letters of Credit that have been
cash collateralized or backstopped in a manner reasonably acceptable to the relevant Issuing Lender and the Administrative Agent),
(ii) that is sold or otherwise disposed of or to be sold or otherwise disposed of as part of or in connection with any sale or
other disposition permitted under the Loan Documents, or (iii) subject to Section 9.1, if approved, authorized or ratified
in writing by the Required Lenders; (b) to subordinate any Lien on any property granted to or held by the Collateral Agent
under any Loan Document to the holder of any Lien on such property that is permitted by Section 6.3(g); and (c) to release
any Subsidiary Guarantor from its obligations under the Guarantee and Collateral Agreement or any other Security Document if such
Person ceases to be a Subsidiary Guarantor as a result of a transaction permitted under the Loan Documents. Upon request by the
Collateral Agent at any time, the Required Lenders will confirm in writing the Collateral Agent’s authority to release or
subordinate its interest in particular types or items of property, or to release any Subsidiary Guarantor from its obligations under
the Guarantee and Collateral Agreement pursuant to this paragraph. The Collateral Agent shall not be responsible for or have a duty
to ascertain or inquire into any representation or warranty regarding the existence, value or collectability of the Collateral, the
existence, priority or perfection of the Collateral Agent’s Lien thereon, or any certificate prepared by any Loan Party in
connection therewith, nor shall the Collateral Agent be responsible or liable to the other Secured Parties for any failure to
monitor or maintain any portion of the Collateral.

 

    113

     

    

 

8.11         The
Arrangers; the Co-Syndication Agents; the Co-Documentation Agents. Notwithstanding any other provision of this Agreement or any provision
of any other Loan Document, each of the Arrangers, each of the Co-Syndication Agents and each of the Co-Documentation Agents are named
as such for recognition purposes only, and in their respective capacities as such shall have no duties, responsibilities or liabilities
with respect to this Agreement or any other Loan Document; it being understood and agreed that each of the Arrangers, each of the Co-Syndication
Agents and each of the Co-Documentation Agents shall be entitled to all indemnification and reimbursement rights in favor of the Agents
provided herein and in the other Loan Documents. Without limiting the foregoing, none of the Arrangers, the Co-Syndication Agents or
the Co-Documentation Agents in their respective capacities as such shall, by reason of this Agreement or any other Loan Document, have
any fiduciary relationship in respect of any Lender, the Issuing Lender, any Loan Party or any other Person.

 

8.12         Certain
Proceedings. In case of the pendency of any proceeding under any Debtor Relief Law or any other judicial proceeding relative to
any Loan Party, each Agent (irrespective of whether the principal of any Loan shall then be due and payable as herein expressed or
by declaration or otherwise and irrespective of whether such Agent shall have made any demand on the Borrower) shall be entitled and
empowered (but not obligated) by intervention in such proceeding or otherwise (a) to file and prove a claim for the whole
amount of the principal and interest owing and unpaid in respect of the Loans and all other Obligations that are owing and unpaid
and to file such other documents as may be necessary or advisable in order to have the claims of the Lenders, the Issuing Lender and
the Agents (including any claim for the reasonable compensation, expenses, disbursements and advances of the Lenders, the Issuing
Lender and the Agents and their respective agents, sub-agents and counsel and all other amounts due the Lenders, the Issuing Lender
and the Agents under Section 9.5) allowed in such judicial proceeding and (b) to collect and receive any monies or other
property payable or deliverable on any such claims and to distribute the same and, in either case, any custodian, receiver,
assignee, trustee, liquidator, sequestrator or other similar official in any such judicial proceeding is hereby authorized by each
Lender and each other Secured Party to make such payments to such Agent and, in the event that such Agent shall consent to the
making of such payments directly to the Lenders, to pay to such Agent any amount due for the reasonable compensation, expenses,
disbursements and advances of such Agent and its agents, sub-agents and counsel, and any other amounts due such Agent under Sections
9.5.

 

    114

     

    

 

8.13         Withholding
Taxes. To the extent required by any applicable law, the Administrative Agent may withhold from any payment to any Lender or the
Issuing Lender an amount equivalent to any applicable withholding Tax. If any payment has been made to any Lender or the Issuing Lender
by the Administrative Agent without the applicable withholding Tax being withheld from such payment and the Administrative Agent has
paid over the applicable withholding Tax to the Internal Revenue Service, any other Governmental Authority, or the Internal Revenue Service
or any other Governmental Authority asserts a claim that the Administrative Agent did not properly withhold Tax from amounts paid to
or for the account of any Lender or the Issuing Lender or any Tax is attributable to a Lender's failure to maintain a Participant Register
pursuant to Section 9.6(b), such Lender or the Issuing Lender, as applicable, shall indemnify the Administrative Agent fully for
all amounts paid, directly or indirectly, by the Administrative Agent as Tax or otherwise, including any penalties or interest and together
with all expenses (including legal expenses, allocated internal costs and out-of-pocket expenses) incurred. The indemnity under this
Section 8.13 shall be paid within 10 days after the Administrative Agent delivers to the applicable Lender a certificate stating
the amount so paid or payable by the Administrative Agent. Such certificate shall be conclusive of the amount so paid or payable absent
manifest error. Each Lender hereby authorizes the Administrative Agent to set off and apply any and all amounts at any time owing to
such Lender under any Loan Document or otherwise payable by the Administrative Agent to the Lender from any other source against any
amount due to the Administrative Agent under this Section 8.13.

 

8.14         Certain
ERISA Matters.

 

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

 

(i)            such
Lender is not using “plan assets” (within the meaning of 29 C.F.R. § 2510.3-101, as modified by Section 3(42) of
ERISA) of one or more Plans in connection with the Loans, the Letters of Credit or the Commitments,

 

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

 

    115

     

    

 

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

 

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

 

(b)           In
addition, unless sub-clause (i) in the immediately preceding clause (a) is true with respect to a Lender or such Lender has
not provided another representation, warranty and covenant as provided in sub-clause (iv) in the immediately preceding clause (a),
such Lender further (x) represents and warrants, as of the date such Person became a Lender party hereto, to, and (y) covenants,
from the date such Person became a Lender party hereto to the date such Person ceases being a Lender party hereto, for the benefit of,
the Administrative Agent and Refinancing Arranger and their respective Affiliates, and not, for the avoidance of doubt, to or for the
benefit of the Borrower or any other Loan Party, that:

 

(i)            none
of the Administrative Agent or the Refinancing Arranger or any of their respective Affiliates is a fiduciary with respect to the assets
of such Lender (including in connection with the reservation or exercise of any rights by the Administrative Agent under this Agreement,
any Loan Document or any documents related to hereto or thereto),

 

(ii)           the
Person making the investment decision on behalf of such Lender with respect to the entrance into, participation in, administration of
and performance of the Loans, the Letters of Credit, the Commitments and this Agreement is independent (within the meaning of 29 CFR §
2510.3-21) and is a bank, an insurance carrier, an investment adviser, a broker-dealer or other person that holds, or has under management
or control, total assets of at least $50 million, in each case as described in 29 CFR § 2510.3-21(c)(1)(i)(A)-(E),

 

(iii)          the
Person making the investment decision on behalf of such Lender with respect to the entrance into, participation in, administration of
and performance of the Loans, the Letters of Credit, the Commitments and this Agreement is capable of evaluating investment risks independently,
both in general and with regard to particular transactions and investment strategies (including in respect of the Obligations),

 

    116

     

    

 

(iv)          the
Person making the investment decision on behalf of such Lender with respect to the entrance into, participation in, administration of
and performance of the Loans, the Letters of Credit, the Commitments and this Agreement is a fiduciary under ERISA or the Code, or both,
with respect to the Loans, the Letters of Credit, the Commitments and this Agreement and is responsible for exercising independent judgment
in evaluating the transactions hereunder, and

 

(v)           no
fee or other compensation is being paid directly to the Administrative Agent, the Arrangers or the Refinancing Arranger or any their
respective Affiliates for investment advice (as opposed to other services) in connection with the Loans, the Letters of Credit, the Commitments
or this Agreement.

 

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

 

    117

     

    

 

Section 9.
MISCELLANEOUS

 

9.1           Amendments
and Waivers. Subject to Section 2.15, neither this Agreement or any other Loan Document, nor any terms hereof or
thereof, may be amended, supplemented or modified except in accordance with the provisions of this Section 9.1. Subject to the
provisions of the immediately following sentence, the Required Lenders and each Loan Party party to the relevant Loan Document may,
or (with the written consent of the Required Lenders) the Administrative Agent and each Loan Party party to the relevant Loan
Document may, from time to time, (a) enter into written amendments, supplements or modifications hereto and to the other Loan
Documents (including amendments and restatements hereof or thereof) for the purpose of adding any provisions to this Agreement or
the other Loan Documents or changing in any manner the rights of the Lenders or of the Loan Parties hereunder or thereunder or
(b) waive, on such terms and conditions as may be specified in the instrument of waiver, any of the requirements of this
Agreement or the other Loan Documents or any Default or Event of Default and its consequences; provided, however, that
no such waiver and no such amendment, supplement or modification shall (i) forgive, waive or excuse the principal amount or
extend the final scheduled date of maturity or any amortization payment of any Loan or Reimbursement Obligation, or reduce the
stated rate of any interest (other than the waiver of default interest) or fee payable hereunder or extend the scheduled date of any
payment thereof or modify the definition of Interest Period to permit an Interest Period greater than six months in duration, or
increase the amount or extend the expiration date of the Revolving Credit Commitment of any Lender, in each case without the consent
of each Lender directly affected thereby; (ii) amend, modify or waive any provision of this Section 9.1 (except for
technical amendments with respect to additional extensions of credit pursuant to this Agreement which afford the protections to such
additional extensions of credit of the type provided to the Loans and the Commitments on the Closing Date, which technical
amendments shall, for the avoidance of doubt, be subject to the consent of the Required Lenders) or reduce any percentage specified
in the definition of Required Lenders (it being understood that, with the written consent of the Required Lenders, additional
extensions of credit pursuant to this Agreement may be included in the determination of the Required Lenders on substantially the
same basis as the extensions of Loans and Commitments are included on the Closing Date), consent to the assignment or transfer by
the Borrower of any of its rights and obligations under this Agreement and the other Loan Documents, release all or substantially
all of the Collateral or release all or substantially all of the value of the Subsidiary Guarantors’ guarantee obligations
under the Guarantee and Collateral Agreement, in each case without the consent of all Lenders; (iii) amend, modify or waive any
provision of Section 8 without the consent of the Administrative Agent; (iv) amend, modify or waive any provision of
Section 2.16 without the consent of each Lender directly affected thereby; (v) amend, modify, or waive any provision of
Sections 2.23 through 2.30 without the consent of the Issuing Lenders; (vi) extend the expiration date of any Letter of Credit
to a date later than the fifth Business Day prior to the Revolving Credit Termination Date without the consent of each Lender
(including the Issuing Lender) unless such Letter of Credit has been cash collateralized or backstopped in a manner reasonably
acceptable to the relevant Issuing Lender; (vii) reduce the percentage specified in the definition of Majority Facility Lenders
with respect to any Facility without the consent of all Lenders under such Facility; (viii) alter the required application of
any repayments or prepayments as between Facilities pursuant to Sections 2.9 and 2.10 without the consent of Majority Facility
Lenders with respect to each Facility being allocated a lesser repayment or prepayment as a result thereof (it being understood,
however, that additional extensions of credit being given substantially the same treatment as the Loans and Commitments on the
Closing Date shall be permitted by vote of the Required Lenders and the Required Lenders may waive, in whole or in part, any
prepayment or commitment reductions so long as the application, as among the various Facilities and as among the Lenders of each
such Facility, of any such prepayment or commitment reduction which is still required to be made is not altered); (ix) impose
any additional restrictions on any Lender’s ability to assign any of its rights or obligations hereunder (including any
amendment to Section 9.6) (other than, for the avoidance of doubt, any supplement to the Excluded Lender list in compliance
herewith) without the prior written consent of the Lenders adversely affected thereby); or (x) amend or modify the definition
of “Qualified Counterparty,” “Specified Hedge Agreement” or “Secured Obligations” (as defined in
the Guarantee and Collateral Agreement) in each case in a manner adverse to any Qualified Counterparty with Secured Obligations (as
defined in the Guarantee and Collateral Agreement) then outstanding without the written consent of such Qualified Counterparty; provided, however,
that, notwithstanding anything to the contrary herein, no Defaulting Lender shall have any right to consent to any such agreement,
other than any such agreement which amends, modifies or otherwise affects the rights or obligations of a Defaulting Lender
differently than the rights or obligations of the other Lenders or increases or extends the Commitment or decreases the principal
amount of, or extends the maturity of any scheduled principal payment date or date for the payment of any interest on any Loan of
any such Defaulting Lender. Any such waiver and any such amendment, supplement or modification shall apply equally to each of the
Lenders and shall be binding upon the Loan Parties, the Lenders, the Administrative Agent and all future holders of the Loans and
L/C Obligations. In the case of any waiver, the Loan Parties, the Lenders and the Administrative Agent shall be restored to their
former position and rights hereunder and under the other Loan Documents, and any Default or Event of Default waived shall be deemed
to be cured and not continuing; but no such waiver shall extend to any subsequent or other Default or Event of Default, or impair
any right consequent thereon. Any such waiver, amendment, supplement or modification shall be effected by a written instrument
signed by the parties required to sign pursuant to the foregoing provisions of this Section; provided that delivery of an
executed signature page of any such instrument by facsimile transmission shall be effective as delivery of a manually executed
counterpart thereof. Notwithstanding the foregoing, (A) the waiver of any condition set forth in Section 4.2 as to any
extension of credit under any Facility may be effected solely with the written consent of the Majority Facility Lenders under such
Facility and (B) any other amendment or waiver solely affecting one Facility and not any other Facility may be effected solely
with the consent of the Majority Facility Lenders under such affected Facility.

 

    118

     

    

 

9.2           Notices.
Except in the case of notices and other communications expressly permitted to be given by telephone (and except for electronic communications
provided for below), all notices, requests, demands and other communications to or upon the respective parties hereto to be effective
shall be in writing and shall be delivered by hand or overnight courier service, mailed by certified or registered mail or sent by fax,
as follows:

 

	The Borrower:	B&G Foods, Inc.

Four Gatehall Drive, Suite 110

Parsippany, NJ  07054

Attention:  Chief Financial Officer

Telecopy: 973-630-6550

Telephone: 973-401-6500
	 	 
	with a copy to:	B&G Foods, Inc.

Four Gatehall Drive, Suite 110

Parsippany, NJ  07054

Attention:  General Counsel

Telecopy: 973-630-6550

Telephone: 973-401-6500

 

    119

     

    

 

	The Administrative Agent or the Collateral Agent:	
    Notices (other than Requests for Extensions of Credit):

    Barclays Bank PLC

    Bank Debt Management Group

    745 Seventh Avenue

    New York, NY 10019

    Attn: Christopher Lee

    Tel: + 1 212 526 0732

    Facsimile: 212-526-5115

    Email: Christopher.r.lee@barclays.com

     

    For Payments and Requests for Extensions of Credit:

    Barclays Bank PLC

    Loan Operations

    1301 Avenue of the Americas

    New York, NY 10019

    Attn: Agency Services – B&G Foods; Contact Name Michele Sirigos

    Tel: +1 212-320 - 6136

    Facsimile: 917-522-0569

    Email: xrausloanops5@barclays.com

	 	 
	Issuing Lender:	As notified by such Issuing Lender to the Administrative Agent and the Borrower
	 	 
	Lenders:	To the applicable Lender as set forth in an administrative questionnaire delivered to the Administrative Agent or on Schedule I to the lender addendum to which such Lender is a party or, in the case of a Lender which becomes a party to this Agreement pursuant to an Assignment and Assumption, in such Assignment and Assumption.

 

Notices sent by hand or overnight
courier service, or mailed by certified or registered mail, shall be deemed to have been given when received; notices sent by facsimile
shall be deemed to have been given when sent (except that, if not given during normal business hours for the recipient, shall be deemed
to have been given at the opening of business on the next Business Day for the recipient). Notices delivered through electronic communications,
to the extent provided in the immediately following paragraph, shall be effective as provided in said paragraph.

 

    120

     

    

 

Notices and other communications
to the Lenders 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
pursuant to Section 2 if such Lender has notified the Administrative Agent that it is incapable of receiving notices under such
Section by electronic communication. The Administrative Agent or the Borrower may, in its discretion, agree to accept notices and
other communications to it hereunder by electronic communications pursuant to procedures approved by it; provided that approval
of such procedures may be limited to particular notices or communications. Unless the Administrative Agent otherwise prescribes, (a) notices
and other communications sent to an e-mail address shall be deemed received upon the sender’s receipt of an acknowledgement from
the intended recipient (such as by the “return receipt requested” function, as available, return e-mail or other written
acknowledgement), and (b) 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 (a), of notification that such notice
or communication is available and identifying the website address therefore; provided that, for both clauses (a) and (b) above,
if such notice, email or other communication is not sent during the normal business hours of the recipient, such notice or communication
shall be deemed to have been sent at the opening of business on the next Business Day for the recipient. Each Lender agrees to notify
the Administrative Agent in writing (including by electronic communication) from time to time of such Lender’s e-mail address to
which the foregoing notices may be sent by electronic transmission and that the foregoing notice may be sent to such e-mail address.

 

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

 

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

 

The Borrower hereby
acknowledges that (a) the Administrative Agent will make available to the Lenders and the Issuing Lender materials and/or
information provided by or on behalf of the Borrower hereunder (collectively, the “Borrower Materials”) by
posting the Borrower Materials on the Platform and (b)certain of the Lenders may be “public-side” Lenders (i.e., Lenders
that do not wish to receive material non-public information with respect to the Borrower or its securities) (each, a
 “Public Lender”). The Borrower hereby agrees that (i) all Borrower 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; (ii) by marking Borrower Materials
 “PUBLIC,” the Borrower shall be deemed to have authorized the Administrative Agent and the Lenders to treat such
Borrower Materials as not containing any material non-public information with respect to the Borrower or its securities for purposes
of United States federal and state securities laws (provided, however, that to the extent such Borrower Materials
constitute confidential information, they shall be treated as set forth in Section 9.14); (iii) all Borrower Materials
marked “PUBLIC” are permitted to be made available through a portion of the Platform designated as “Public
Investor;” and (iv) the Administrative Agent shall be entitled to treat any Borrower Materials that are not marked
 “PUBLIC” as being suitable only for posting on a portion of the Platform not marked as “Public Investor.”
Notwithstanding the foregoing, the following Borrower Materials shall be marked “PUBLIC”, unless the Borrower notifies
the Administrative Agent promptly that any such document contains material non-public information: (1) the Loan Documents and
(2) notification of changes in the terms of the Facilities.

 

    121

     

    

 

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 “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 Communications
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 Borrower or its securities for purposes of United States Federal or state securities laws.

 

The Administrative Agent agrees
that the receipt of the Communications by the Administrative Agent at its e-mail address set forth above shall constitute effective delivery
of the Communications to the Administrative Agent for purposes of the Loan Documents. Each Lender agrees that receipt of notice to it
(as provided in the next sentence) specifying that the Communications have been posted to the Platform shall constitute effective delivery
of the Communications to such Lender for purposes of the Loan Documents. Each Lender agrees to notify the Administrative Agent in writing
(including by electronic communication) from time to time of such Lender’s e-mail address to which the foregoing notice may be sent
by electronic transmission and that the foregoing notice may be sent to such e-mail address.

 

Nothing herein shall prejudice
the right of any Agent or any Lender to give any notice or other communication pursuant to any Loan Document in any other manner specified
in such Loan Document.

 

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

 

9.4           Survival
of Representations and Warranties. All covenants, agreements, representations and warranties made by the Loan Parties herein, in
the other Loan Documents and in the documents, certificates, statements or instruments prepared or delivered in connection with or pursuant
to this Agreement or any other Loan Document shall be considered to have been relied upon by the Agents, the Lenders and the Issuing
Lender and shall survive the making by the Lenders of the Loans and the issuance of Letters of Credit by the Issuing Lender, regardless
of any investigation made by the Agents, the Lenders or the Issuing Lender or on their behalf, and shall continue in full force and effect
as long as the principal of or any accrued interest on any Loan or any fee or other amount payable under this Agreement or any other
Loan Document is outstanding and unpaid or any Letter of Credit is outstanding (other than Letters of Credit that have been cash collateralized
or backstopped in a manner reasonably acceptable to the relevant Issuing Lender and the Administrative Agent) and so long as the Commitments
have not been terminated. The provisions of Sections 2.17, 2.18, 2.19 and 9.5 shall remain operative and in full force and effect regardless
of the expiration of the term of this Agreement, the consummation of the transactions contemplated hereby, the repayment of any of the
Loans, the expiration of the Commitments, the expiration of any Letter of Credit, the invalidity or unenforceability of any term or provision
of this Agreement or any other Loan Document, or any investigation made by or on behalf of any Agent, the Issuing Lender or any Lender.

 

    122

     

    

 

9.5           Payment
of Expenses. The Borrower agrees (a) to pay or reimburse the Administrative Agent, the Collateral Agent, the Arrangers and
the Issuing Lender, upon presentation of a reasonably detailed statement for all their reasonable and documented out-of-pocket costs
and expenses, including, without limitation, the reasonable fees and disbursements and other charges of a single New York counsel
(provided that, if the Administrative Agent, the Collateral Agent, the Arrangers and the Issuing Lender (or any of the
foregoing) is advised by counsel that there are actual or perceived conflicts of interest, the Borrower will be required to pay for
one additional counsel for each affected party) and appropriate local or special counsel, incurred in connection with the
Transactions, the syndication of the Commitments and with the development, preparation, negotiation, execution, delivery and
administration of this Agreement and the other Loan Documents, and any amendment, supplement, waiver or modification of the
provisions hereof or thereof (whether or not the transactions hereby or thereby contemplated shall be consummated), and any other
documents prepared in connection herewith or therewith, and the consummation of the transactions contemplated hereby and thereby,
including, without limitation, (i) all charges related to the Platform and (ii) all reasonable expenses incurred by the
Issuing Lender in connection with the issuance, amendment, renewal or extension of any Letter of Credit or any demand for payment
thereunder, (b) to pay or reimburse the Administrative Agent, the Collateral Agent, the Issuing Lender and the Lenders (other
than any Excluded Lenders), upon presentation of a reasonably detailed statement, for all their documented costs and expenses,
including, without limitation, the fees, disbursements and other charges of counsel, incurred in connection with the enforcement or
preservation of any rights under this Agreement, the other Loan Documents and any such other documents (provided that the
Administrative Agent, the Collateral Agent and any Issuing Lender that is an Affiliate of any such Agent shall engage a single New
York counsel unless such Agents and such Issuing Lender (or any of the foregoing) is advised by counsel that there are actual or
perceived conflicts of interest, in which case the Borrower will be required to pay for one additional New York counsel for each
affected party), (c) to pay, and indemnify and hold harmless the Administrative Agent, the Collateral Agent, each Arranger, the
Issuing Lender, each Co-Syndication Agent, each Co-Documentation Agent and each Lender (other than any Excluded Lenders) from any
and all recording and filing fees and any and all liabilities with respect to, or resulting from any delay in paying, stamp, excise
and other taxes, if any, which may be payable or determined to be payable in connection with the execution and delivery of, or
consummation or administration of any of the transactions contemplated by, or any amendment, supplement or modification of, or any
waiver or consent under or in respect of, this Agreement, the other Loan Documents and any such other documents, (d) to pay,
and indemnify and hold harmless the Administrative Agent, the Collateral Agent, each Arranger, the Issuing Lender, each
Co-Syndication Agent, each Co-Documentation Agent and each Lender (other than any Excluded Lender) and each Related Party of any of
the foregoing Persons (each, an “Indemnitee”) from and against any and all liabilities, obligations, losses,
damages, penalties, actions, claims, judgments, suits, costs, expenses or disbursements of any kind or nature whatsoever (including,
without limitation, the reasonable fees, disbursements and other charges of a single New York counsel (provided that, if the
Indemnitees (or any of them) are advised by counsel that there are actual or perceived conflicts of interest, the Borrower will be
required to pay for one additional counsel for each affected party) and appropriate local or special counsel) arising out of, in
connection with, as a result of or with respect to (i) the execution, delivery, enforcement, performance or administration of
this Agreement, any other Loan Document or any such other documents or instruments, the performance by the parties hereto or thereto
of their respective obligations hereunder or thereunder or the consummation of the Transactions and the other transactions
contemplated hereby or thereby (including the syndication of the Facilities), (ii) the use of proceeds of the Loans or the use
of the Letters of Credit, (iii) any actual or alleged presence or release of Materials of Environmental Concern on any property
currently or formerly owned or operated by the Borrower or any of its Subsidiaries, or the violation of, noncompliance with or
liability under, any Environmental Law applicable to the operations of the Borrower, any of its Subsidiaries or any of the
Properties or (iv) any claim, litigation, investigation or proceeding relating to any of the foregoing, whether or not any
Indemnitee is a party thereto (and regardless of whether such matter is initiated by a third party or by the Borrower, any other
Loan Party or any of their respective Affiliates) (all the foregoing in this clause (d), collectively, the “Indemnified
Liabilities”), provided that the Borrower shall have no obligation hereunder to any Indemnitee with respect to
Indemnified Liabilities to the extent such Indemnified Liabilities are found by a final and non-appealable judgment of a court of
competent jurisdiction to have resulted from (i) the gross negligence or willful misconduct of such Indemnitee or (ii) a
dispute solely among Indemnitees (other than any claim, litigation, investigation or proceeding against an Indemnitee in its
capacity as Arranger, the Administrative Agent or other similar role) that does not involve any action or inaction by the Borrower
or its affiliates and (e) to pay or reimburse the Administrative Agent for any loss, cost or expense arising from any
assignment to an Excluded Lender, except to the extent such losses, costs, or expenses are found by a final and non-appealable
judgment of a court of competent jurisdiction to have resulted from the gross negligence or willful misconduct of the Administrative
Agent. No Indemnitee shall be liable for any damages arising from the use by unauthorized persons of information or other materials
sent through electronic, telecommunications or other information transmission systems that are intercepted by such persons, except
to the extent such damages are found by a final and non-appealable judgment of a court of competent jurisdiction to have resulted
from the gross negligence or willful misconduct of such Indemnitee. Without limiting the foregoing, and to the extent permitted by
applicable law, the Borrower agrees not to assert and to cause its Subsidiaries not to assert, and hereby waives and agrees to cause
its Subsidiaries so to waive, all rights for contribution or any other rights of recovery with respect to all claims, demands,
penalties, fines, liabilities, settlements, damages, costs and expenses of whatever kind or nature, under or related to
Environmental Laws, that any of them might have by statute or otherwise against any Indemnitee. All amounts due under this
Section 9.5 shall be payable promptly upon (but in any event not later than 30 days after) written demand therefor. Statements
payable by the Borrower pursuant to this Section shall be submitted with reasonable supporting detail to the Borrower’s
chief financial officer, at the address of the Borrower set forth in Section 9.2, or to such other Person or address as may be
hereafter designated by the Borrower in a written notice to the Administrative Agent (which shall promptly notify each Lender). The
agreements in this Section 9.5 shall remain operative and in full force and effect regardless of the expiration of the term of
this Agreement, the consummation of the transactions contemplated hereby, the repayment of any of the Loans, the expiration of the
Commitments, the expiration of any Letter of Credit, the invalidity or unenforceability of any term or provision of this Agreement
or any other Loan Document, or any investigation made by or on behalf of the Administrative Agent, the Collateral Agent, any Lender
or the Issuing Lender. The agreements in Section 9.5 of the Existing Credit Agreement shall remain operative and in full force
and effect regardless of the execution of this Agreement.

 

    123

     

    

 

In no event shall any Indemnitee be liable on any theory of liability
for any special, indirect, consequential or punitive damages (including any loss of profits, business or anticipated savings). The Borrower
hereby waives, releases and agrees (and shall cause each other Loan Party to waive, release and agree) not to sue upon any such claim
for any special, indirect, consequential or punitive damages, whether or not accrued and whether or not known or suspected to exist in
its favor.

 

To the extent that the Borrower
fails to pay any amount required to be paid by it to the Administrative Agent, the Collateral Agent or the Issuing Lender under the immediately
preceding paragraph, each Lender severally agrees to pay to the Administrative Agent, the Collateral Agent or the Issuing Lender, as the
case may be, such Lender’s Aggregate Exposure Percentage (determined as of the time that the applicable unreimbursed expense or
indemnity payment is sought and determined as if no Lender were a Defaulting Lender) 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, the Collateral Agent or the Issuing Lender in its capacity as such.

 

9.6           Successors
and Assigns; Participations and Assignments. (a) This Agreement shall be binding upon and inure to the benefit of the Borrower,
the Lenders, the Administrative Agent, all future holders of the Loans and their respective successors and assigns, except that the Borrower
may not assign or transfer any of its rights or obligations under this Agreement or any other Loan Document without the prior written
consent of the Administrative Agent and each Lender (and any attempted such assignment or transfer without such consents shall be null
and void).

 

(b)           Any
Lender may without the consent of, or notice to, the Borrower, any Agent, the Issuing Lender or any Lender, in accordance with
applicable law, at any time sell to one or more banks, financial institutions or other Persons (other than a natural person, an
Excluded Lender and, except as expressly permitted under Section 9.6(i), other than to the Borrower or any of the
Borrower’s Subsidiaries or Affiliates) (each, a “Participant”) participations in all or any portion of such
Lender’s rights and/or obligations under this Agreement and the other Loan Documents (including all or any portion of the
Commitments and Loans owing to such Lender); provided that (i) such Lender’s obligations under this Agreement and
the other Loan Documents shall remain unchanged, (ii) such Lender shall remain solely responsible to the other parties hereto
for the performance of such obligations, and (iii) the Borrower, the Agents, the Issuing Lender and the Lenders shall continue
to deal solely and directly with such Lender in connection with such Lender’s rights and obligations under this Agreement and
the other Loan Documents. For the avoidance of doubt, each Lender shall be responsible for the indemnity under the last paragraph of
Section 9.5 with respect to any payments made by such Lender to its Participant(s). Any agreement or instrument pursuant to
which a Lender sells such a participation shall provide that such Lender shall retain the sole right to enforce the obligations of
the Borrower relating to the Loans or Reimbursement Obligations and to approve any amendment, modification or waiver of any
provision of any Loan Document, or any consent to any departure by any Loan Party therefrom; provided that such agreement or
instrument may provide that such Lender will not, without the consent of the applicable Participant, agree to any amendment,
modification, waiver or consent to any provisions of the Loan Documents to the extent that such amendment, modification, waiver or
consent would forgive, waive or excuse the principal amount or extend the final scheduled date of maturity of any Loan or
Reimbursement Obligation, or reduce the stated rate of any interest (other than the waiver of default interest) or fee payable
hereunder, release all or substantially all of the Collateral or release all or substantially all of the value of the Subsidiary
Guarantors from their guarantee obligations under the Guarantee and Collateral Agreement, in each case to the extent subject to, or
related to, such participation. The Borrower agrees that each Participant shall be entitled to the benefits of Sections 2.17, 2.18
and 2.19 (subject to the requirements and limitations set forth therein, including the requirements under
Section 2.18(e) (it being understood that the documentation under Section 2.18(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 paragraph
(b) of this Section; provided that such Participant (A) agrees to be subject to the provisions of Section 2.21 as if
it were an assignee under paragraph (b) of this Section and (B) shall not be entitled to receive any greater payment
under Sections 2.17, 2.18 or 2.19, with respect to any participation, than its participating Lender would have been entitled to
receive, unless the sale of the participation to such Participant is made with the Borrower’s prior written consent. To the
extent permitted by law, each Participant also shall be entitled to the benefits of Section 9.7 as though it were a Lender; provided
that such Participant agrees to be subject to Section 2.16 as though it were a Lender. For the avoidance of doubt, no
assignments (including assignments of additional Term Loans) may be made to an Excluded Lender. Each Lender that sells a
participation shall, acting solely for this purpose as a non-fiduciary agent of the Borrower, maintain at one or more of its offices
a register on which it enters the name and address of each Participant and the principal amounts (and stated interest) of each
Participant’s interest in the Loans or other rights or obligations under the Loan Documents (each such register, a
 “Participant Register”); provided that no Lender shall have any obligation to disclose all or any portion
of any Participant Register (including the identity of any Participant or any information relating to a Participant’s interest
in any Loans or other rights or obligations under any Loan Document) to any Person except to the extent that such disclosure is
necessary to establish that such Loan or other right or obligation is in registered form under Section 5f.103-1(c) of the
U.S. Treasury Regulations provided that if any Participant requests compensation under Section 2.17, 2.18 and 2.19, such
Participant shall provide to the Borrower and the Administrative Agent any documentation reasonably requested by the Borrower or the
Administrative Agent. The entries in a 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, (i) the Administrative Agent (in its capacity as
Administrative Agent) shall have no responsibility for maintaining a Participant Register and (ii) no participations (including
additional participations in Term Loans) may be made to an Excluded Lender.

 

    124

     

    

 

(c)           Any
Lender or participant may, in connection with any assignment or participation or proposed assignment or participation pursuant to this
Section 9.6, disclose to the assignee or participant or proposed assignee or participant any information relating to the Borrower
furnished to such Lender by or on behalf of the Borrower; provided that, prior to any such disclosure of Information or other
information designated by the Borrower as confidential, each such assignee or participant or proposed assignee or participant shall execute
an agreement whereby such assignee or participant shall agree (subject to customary exceptions) to preserve the confidentiality of such
confidential information on terms no less restrictive than those applicable to the Lenders pursuant to Section 9.14.

 

(d)           Any
Lender (an “Assignor”) may, in accordance with applicable law and upon written notice to the Administrative
Agent, at any time and from time to time assign to any Person (other than a natural person, an Excluded Lender and, except as
expressly permitted under Section 9.6(i), other than to the Borrower or any of the Borrower’s Subsidiaries or Affiliates)
(an “Assignee”), with the consent of the Issuing Lender, the Administrative Agent and the Borrower (which, in
each case, shall not be unreasonably withheld or delayed), all or any part of its rights and obligations under this Agreement
pursuant to an Assignment and Assumption, executed by such Assignee and such Assignor (and, where the consent of the Borrower or any
other Person is required pursuant to the foregoing provisions, by the Borrower and each such other Person) and delivered to the
Administrative Agent for its acceptance and recording in the Register; provided that (i) no such consent of the Issuing
Lender need be obtained with respect to any assignment of the Term Loans and (ii) (A) no such consent of the Borrower
shall be required (x) if such assignment is made to another Lender or any Affiliate or Approved Fund or Control Investment
Affiliate thereof, (y) after the occurrence and during the continuance of an Event of Default under Sections 7(a) or
(f) or (z) in the case of assignments during the primary syndication of the Commitments and Loans, to Persons identified
by the Administrative Agent to the Borrower prior to the Closing Date, and (B) the consent of the Borrower shall be deemed to
have been given if the Borrower has not responded within five Business Days of a request for such consent; provided, further,
that no such assignment to an Assignee (other than any Lender or any Affiliate or Approved Fund thereof) shall be in an aggregate
principal amount of less than $2,500,000 with respect to Revolving Credit Loans or Revolving Credit Commitments and $1,000,000 with
respect to Term Loans (other than in the case of an assignment of all of a Lender’s interests under this Agreement), unless
(i) otherwise agreed by the Borrower and the Administrative Agent or (ii) such assignment is one of two or more
assignments being made simultaneously by or to affiliated Assignees or Approved Funds, the sum of the aggregate principal amounts of
which is at least $2,500,000 with respect to Revolving Credit Loans or Revolving Credit Commitments and $1,000,000 with respect to
Term Loans. Upon such execution, delivery, acceptance and recording, from and after the effective date determined pursuant to such
Assignment and Assumption, (x) the Assignee thereunder shall be a party hereto and, to the extent provided in such Assignment
and Assumption, have the rights and obligations of a Lender hereunder with a Revolving Credit Commitment and/or Loans and other
interests as set forth therein, and (y) the Assignor thereunder shall, to the extent provided in such Assignment and
Assumption, be released from its obligations under this Agreement (and, in the case of an Assignment and Assumption covering all of
an Assignor’s rights and obligations under this Agreement, such Assignor shall cease to be a party hereto except as to
Sections 2.17, 2.18, 2.20 and 9.5 in respect of the period prior to such effective date). Notwithstanding anything to the contrary
contained herein, no such assignment shall be made (1) to the Borrower or any of the Borrower’s Subsidiaries or
Affiliates except as expressly permitted under Section 9.6(i) or (2) to any Defaulting Lender or any of its
Subsidiaries, or any Person who, upon becoming a Lender hereunder, would constitute any of the foregoing Persons described in this
clause (2).

 

    125

     

    

 

(e)           The
Administrative Agent shall, solely for this purpose acting as an agent of the Borrower, maintain at its address referred to in Section 9.2
a copy of each Assignment and Assumption delivered to it and a register (the “Register”) for the recordation of the
names and addresses of the Lenders and the Revolving Credit Commitment of, and principal amount and stated interest of the Revolving
Extensions of Credit and Term Loans owing to, each Lender from time to time. The entries in the Register shall be conclusive, in the
absence of manifest error, and the Borrower, the Administrative Agent and the Lenders shall treat each Person whose name is recorded
in the Register as the owner of the Revolving Extensions of Credit, Term Loans and any Notes evidencing the Loans recorded therein for
all purposes of this Agreement. Any assignment of any Loan, whether or not evidenced by a Note, shall be effective only upon appropriate
entries with respect thereto being made in the Register (and each Note shall expressly so provide). Any assignment or transfer of all
or part of a Loan evidenced by a Note shall be registered on the Register only upon surrender for registration of assignment or transfer
of the Note evidencing such Loan, accompanied by a duly executed Assignment and Assumption; thereupon one or more new Notes in the same
aggregate principal amount shall be issued to the designated Assignee (to the extent requested by such designated Assignee), and the
old Notes shall be returned by the Administrative Agent to the Borrower marked “canceled”. The Register shall be available
for inspection by the Borrower or any Lender (with respect to any entry relating to such Lender’s Revolving Extensions of Credit
and Term Loans) at any reasonable time and from time to time upon reasonable prior notice.

 

(f)            Upon
its receipt of an Assignment and Assumption executed by an Assignor and an Assignee (and, in any case where the consent of any other
Person is required by Section 9.6(d), by each such other Person), together with payment to the Administrative Agent of a
registration and processing fee of $3,500 (which fee may be waived or reduced in the sole discretion of the Administrative Agent)
and an Administrative Questionnaire completed in respect of the Assignee (unless the Assignee shall already be a Lender hereunder)
and all applicable tax forms, the Administrative Agent shall (i) promptly accept such Assignment and Assumption and
(ii) on the effective date determined pursuant thereto record the information contained therein in the Register and give notice
of such acceptance and recordation to the Borrower. On or prior to such effective date, the Borrower at its own expense, upon
request, shall execute and deliver to the Administrative Agent (in exchange for the Notes of the assigning Lender) a new Note to the
order of such Assignee in an amount equal to the Revolving Credit Commitment and/or applicable Term Loans, as the case may be,
assumed or acquired by it pursuant to such Assignment and Assumption and, if the Assignor has retained a Revolving Credit Commitment
and/or Term Loans, as the case may be, upon request, new Notes, as the case may be, to the order of the Assignor in an amount equal
to the Revolving Credit Commitment and/or applicable Term Loans, as the case may be, retained by it hereunder. Such new Note or
Notes shall be dated the Closing Date and shall otherwise be in the form of the Note or Notes replaced thereby.

 

    126

     

    

 

(g)           Any
Lender may at any time pledge or assign a security interest in all or any portion of its rights under this Agreement to secure obligations
of such Lender, including any pledge or assignment to secure obligations to a Federal Reserve Bank; provided that no such pledge
or assignment shall release such Lender from any of its obligations hereunder or substitute any such pledgee or assignee for such Lender
as a party hereto.

 

(h)           Notwithstanding
anything to the contrary contained herein, any Lender (a “Granting Lender”) may grant to a special purpose
funding vehicle (an “SPC”), identified as such in writing from time to time by the Granting Lender to the
Administrative Agent and the Borrower, the option to provide to the Borrower all or any part of any Loan that such Granting Lender
would otherwise be obligated to make to the Borrower pursuant to this Agreement; provided that (i) nothing herein shall
constitute a commitment by any SPC to make any Loan, (ii) if an SPC elects not to exercise such option or otherwise fails to
provide all or any part of such Loan, the Granting Lender shall be obligated to make such Loan pursuant to the terms hereof and
(iii) the Granting Lender’s and the Borrower’s obligations under this Agreement to the other parties to this
Agreement shall remain unchanged, the Granting Lender shall remain solely responsible for the performance thereof, and the Borrower,
the Lenders and the Agents shall continue to deal solely and directly with such Granting Lender in connection with such Granting
Lender’s rights and obligations under this Agreement and the other Loan Documents. The making of a Loan by an SPC hereunder
shall utilize the Revolving Credit Commitment of the Granting Lender to the same extent, and as if, such Loan were made by such
Granting Lender. Each party hereto hereby agrees that no SPC shall be liable for any indemnity or similar payment obligation under
this Agreement (all liability for which shall remain with the Granting Lender). In furtherance of the foregoing, each party hereto
hereby agrees (which agreement shall survive the termination of this Agreement) that, prior to the date that is one year and one day
after the payment in full of all outstanding commercial paper or other indebtedness of any SPC, it will not institute against, or
join any other Person in instituting against, such SPC any bankruptcy, reorganization, arrangement, insolvency or liquidation
proceedings under the laws of the United States or any state thereof. In addition, notwithstanding anything to the contrary in this
Section 9.6(g), any SPC may (A) with notice to, but without the prior written consent of, the Borrower and the
Administrative Agent and without paying any processing fee therefor, assign all or a portion of its interests in any Loans to the
Granting Lender, or with the prior written consent of the Borrower and the Administrative Agent (which consent shall not be
unreasonably withheld) to any financial institutions providing liquidity and/or credit support to or for the account of such SPC to
support the funding or maintenance of Loans, and (B) disclose on a confidential basis any non-public information relating to
its Loans to any rating agency, commercial paper dealer or provider of any surety, guarantee or credit or liquidity enhancement to
such SPC; provided that non-public information with respect to the Borrower may be disclosed only with the Borrower’s
consent which will not be unreasonably withheld. In the event that the consent of all or any portion of the Lenders is required
pursuant to any provision of any Loan Document at a time when any Loan is held by any SPC, such SPC and the Granting Lender that
would otherwise have been obligated to make such Loan shall agree between themselves as to which of them shall be entitled to grant
or withhold any consent applicable to such Loan, but such Granting Lender shall communicate with the Administrative Agent and the
Borrower as to the giving or withholding of such consent, and the parties to the Loan Documents shall be entitled to rely
conclusively on the advice by such Granting Lender as to whether such consent is being granted or withheld.

 

    127

     

    

 

(i)            Notwithstanding
the foregoing, there shall be no assignments or participations to the Borrower or any of its Subsidiaries or Affiliates, except pursuant
to and in accordance with the following: any Lender may assign all or a portion of its Term Loans to the Borrower or any of its Subsidiaries
if (A) such assignment is made pursuant to a bid made in the open market to all Lenders through the Administrative Agent, (B) such
assignment is not financed with the proceeds of any Revolving Credit Loans, (C) after giving effect to such purchase, the amount
of unrestricted cash and Cash Equivalents of the Borrower and its Subsidiaries at such time is greater than the outstanding amount of
all Revolving Credit Loans and L/C Obligations then outstanding and (D) any Term Loans so purchased shall be immediately cancelled.
Upon any purchase of Term Loans pursuant to this clause (i), the remaining scheduled repayments of the Term Loans shall be reduced on
a pro rata basis by the principal amount of the Term Loans so purchased and cancelled.

 

(j)            None
of the Lenders, the Arrangers or the Agents shall have any responsibility or liability for monitoring the list or identities of, or enforcing
provisions relating to, Excluded Lenders. Upon request by any Lender, the Administrative Agent shall be permitted to disclose to such
Lender the identity of the Excluded Lenders. Each Lender hereby acknowledges and agrees that the information disclosed to it by the Administrative
Agent pursuant to the immediately preceding sentence shall be subject in all respects to the provisions set forth in Section 9.14.

 

9.7           Adjustments;
Set-off. (a) Subject to the express provisions of this Agreement which require, or permit, differing payments to be made to
Non-Defaulting Lenders as opposed to Defaulting Lenders, and other than with respect to any substituted Lender in accordance with
Section 2.22 or as required or permitted under Section 2.20, 9.6(i) or 9.21, if any Lender (a “Benefited
Lender”) shall at any time receive any payment of all or part of the Obligations owing to it, or receive any collateral in
respect thereof (whether voluntarily or involuntarily, by set-off, pursuant to events or proceedings of the nature referred to in
Section 7(f), or otherwise), in a greater proportion than any such payment to or collateral received by any other Lender, if
any, in respect of the Obligations owed to such other Lender, such Benefited Lender shall purchase for cash from the other Lenders a
participating interest in such portion of the Obligations owed to each such other Lender, or shall provide such other Lenders with
the benefits of any such collateral, as shall be necessary to cause such Benefited Lender to share the excess payment or benefits of
such collateral ratably with each of the Lenders; provided, however, that (i) if all or any portion of such
excess payment or benefits is thereafter recovered from such Benefited Lender, such purchase shall be rescinded, and the purchase
price and benefits returned, to the extent of such recovery, but without interest, and (ii) the provisions of this
Section 9.7 shall not be construed to apply to any payment made by the Borrower pursuant to and in accordance with the express
terms of this Agreement or any payment obtained by a Lender as consideration for the assignment of or sale of a participation in any
of its Loans or Commitments to any assignee or participant, other than to the Borrower or any of its Subsidiaries or Affiliates (as
to which the provisions of this Section 9.7 shall apply), made pursuant to and in accordance with the express provisions of
this Agreement. The Borrower expressly consents to the foregoing arrangements and agrees that any Lender holding a participation in
a Loan or Reimbursement Obligation deemed to have been so purchased may exercise any and all rights of banker’s lien, setoff
or counterclaim with respect to any and all moneys owing by the Borrower to such Lender by reason thereof as fully as if such Lender
had made a Loan directly to the Borrower in the amount of such participation.

 

    128

     

    

 

(b)           In
addition to any rights and remedies of the Lenders provided by law, each Lender shall have the right, without prior notice to the Borrower,
any such notice being expressly waived by the Borrower to the extent permitted by applicable law, while an Event of Default shall be
continuing, upon any amount becoming due and payable by the Borrower hereunder (whether at the stated maturity, by acceleration or otherwise),
to set off and appropriate and apply against such amount any and all deposits (general or special, time or demand, provisional or final),
in any currency, and any other credits, indebtedness or claims, in any currency, in each case whether direct or indirect, absolute or
contingent, matured or unmatured, at any time held or owing by such Lender or any branch or agency thereof to or for the credit or the
account of the Borrower. Each Lender agrees promptly to notify the Borrower and the Administrative Agent after any such setoff and application
made by such Lender, provided that the failure to give such notice shall not affect the validity of such setoff and application;
provided, further, that in the event that any Defaulting Lender shall exercise any such right of setoff, (i) all amounts
so set-off shall be paid over immediately to the Administrative Agent for further application in accordance with the provisions of Section 2.31
and, pending such payment, shall be segregated by such Defaulting Lender from its other funds and deemed held in trust for the benefit
of the Administrative Agent and the Lenders, and (y) the Defaulting Lender shall provide promptly to the Administrative Agent a
statement describing in reasonable detail the Obligations owing to such Defaulting Lender as to which it exercised such right of set-off.

 

9.8           Counterparts.
This Agreement may be executed by one or more of the parties to this Agreement on any number of separate counterparts, and all of said
counterparts taken together shall be deemed to constitute one and the same instrument. Delivery of an executed signature page of
this Agreement or of a Lender Addendum by facsimile transmission or in electronic (e.g., “pdf” or “tif”) format
shall be effective as delivery of a manually executed counterpart hereof. The words “execution,” “signed,” “signature,”
and words of like import in any Assignment and Assumption shall be deemed to include electronic signatures or the keeping of records in
electronic form, each of which shall be of the same legal effect, validity or enforceability as a manually executed signature or the use
of a paper-based recordkeeping system, as the case may be, to the extent and as provided for in any applicable law, including the Federal
Electronic Signatures in Global and National Commerce Act, the New York State Electronic Signatures and Records Act, or any other
similar state laws based on the Uniform Electronic Transactions Act.

 

9.9           Severability.
Any provision of this Agreement that is prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective
to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof, and any such prohibition or
unenforceability in any jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction.

 

    129

     

    

 

9.10         Integration.
This Agreement, the other Loan Documents and any separate letter agreements with respect to fees payable to the Agents, represent the
entire agreement of the Borrower, the Agents, the Arrangers, the Issuing Lender and the Lenders with respect to the subject matter hereof
and thereof and supersede any and all previous agreements and understandings, oral or written, relating to the subject matter hereof
and thereof. Nothing in this Agreement or in the other Loan Documents, expressed or implied, is intended to confer upon any Person (other
than the parties hereto and thereto, their respective successors and assigns permitted hereunder (including any Affiliate of the Issuing
Lender that issues any Letter of Credit) and, to the extent expressly contemplated hereby or thereby, the Related Parties of each of
the Administrative Agent, the Collateral Agent, the Issuing Lender and the Lenders) any rights, remedies, obligations or liabilities
under or by reason of this Agreement or the other Loan Documents.

 

9.11         GOVERNING
LAW. THIS AGREEMENT AND THE OTHER LOAN DOCUMENTS AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES UNDER THIS AGREEMENT, AND ANY CLAIM,
CONTROVERSY, DISPUTE OR CAUSE OF ACTION (WHETHER IN CONTRACT OR TORT OR OTHERWISE) BASED UPON, ARISING OUT OF OR RELATING TO THIS AGREEMENT
OR ANY OTHER LOAN DOCUMENT (EXCEPT, AS TO ANY OTHER LOAN DOCUMENT, AS EXPRESSLY SET FORTH THEREIN) OR THE TRANSACTIONS CONTEMPLATED HEREBY
AND THEREBY (OTHER THAN LETTERS OF CREDIT AND AS EXPRESSLY SET FORTH IN SUCH OTHER LOAN DOCUMENTS), SHALL BE GOVERNED BY, AND CONSTRUED
AND INTERPRETED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK. EACH LETTER OF CREDIT SHALL BE GOVERNED BY, AND SHALL BE CONSTRUED
IN ACCORDANCE WITH, THE LAWS OR RULES DESIGNATED IN SUCH LETTER OF CREDIT, OR IF NO SUCH LAWS OR RULES ARE DESIGNATED, THE UNIFORM CUSTOMS
AND PRACTICE FOR DOCUMENTARY CREDITS MOST RECENTLY PUBLISHED AND IN EFFECT, ON THE DATE SUCH LETTER OF CREDIT WAS ISSUED, BY THE INTERNATIONAL
CHAMBER OF COMMERCE (THE “UNIFORM CUSTOMS”) AND, AS TO MATTERS NOT GOVERNED BY THE UNIFORM CUSTOMS, THE
LAWS OF THE STATE OF NEW YORK.

 

9.12         Submission
To Jurisdiction; Waivers. The Borrower hereby irrevocably and unconditionally:

 

(a)           submits
for itself and its Property in any legal action or proceeding relating to this Agreement and the other Loan Documents to which it is a
party, or for recognition and enforcement of any judgment in respect thereof, to the exclusive jurisdiction of the courts of the State
of New York, the courts of the United States of America for the Southern District of New York, and appellate courts from any
thereof;

 

(b)           consents
that any such action or proceeding may be brought in such courts and waives any objection that it may now or hereafter have to the venue
of any such action or proceeding in any such court or that such action or proceeding was brought in an inconvenient court and agrees not
to plead or claim the same;

 

    130

     

    

 

(c)           agrees
that service of process in any such action or proceeding may be effected by mailing a copy thereof by registered or certified mail (or
any substantially similar form of mail), postage prepaid, to the Borrower at its address set forth in Section 9.2 or at such other
address of which the Administrative Agent shall have been notified pursuant thereto;

 

(d)           agrees
that nothing herein shall affect the right to effect service of process in any other manner permitted by law or shall limit the right
to sue in any other jurisdiction; and

 

(e)           agrees
that it shall not assert, and hereby waives, to the maximum extent not prohibited by law, any right it may have to claim or recover in
any legal action or proceeding referred to in this Section or in Section 9.5 any special, exemplary, indirect, punitive or consequential
damages.

 

9.13         No
Fiduciary Duty. The Administrative Agent, the Collateral Agent, each Co-Syndication Agent, each Co-Documentation Agent, each Arranger,
each Lender and their respective Affiliates (collectively, solely for purposes of this Section 9.13, the “Lender Parties”),
may have economic interests that conflict with those of the Loan Parties, their respective stockholders and/or their respective Affiliates.
Each Loan Party agrees that nothing in this Agreement, any of the other Loan Documents or any of the transactions contemplated hereby
or thereby (or the process leading thereto) will be deemed to create an advisory, fiduciary or agency relationship or fiduciary or other
implied duty between any Lender Party, on the one hand, and such Loan Party, its stockholders or its Affiliates, on the other. The Loan
Parties acknowledge and agree that (a) the transactions contemplated by the Loan Documents (including, without limitation, the exercise
of rights and remedies hereunder and thereunder) are arm’s-length commercial transactions between the Lender Parties, on the one
hand, and the Loan Parties, on the other, and (b) in connection therewith and with the process leading thereto, (i) no Lender
Party has assumed an advisory or fiduciary responsibility in favor of any Loan Party, its stockholders or its Affiliates with respect
to the transactions contemplated hereby (or the exercise of rights or remedies with respect thereto) or the process leading thereto (irrespective
of whether any Lender Party has advised, is currently advising or will advise any Loan Party, its stockholders or its Affiliates on other
matters) or any other obligation to any Loan Party except the obligations expressly set forth in the Loan Documents and (ii) each
Lender Party is acting solely as principal and not as the agent or fiduciary of any Loan Party, its management, stockholders, creditors
or any other Person. Each Loan Party acknowledges and agrees that (A) it has consulted its own legal and financial advisors to the
extent it deemed appropriate and that it is responsible for making its own independent judgment with respect to the negotiation, execution
and delivery of this Agreement and the other Loan Documents, the transactions contemplated by the Loan Documents and the process leading
thereto, and (B) no joint venture is created hereby or by the other Loan Documents or otherwise exists by virtue of the transactions
contemplated hereby among the Arrangers, the Agents, the Issuing Lender and the Lenders or among the Borrower and any of the foregoing.
Each Loan Party agrees that it will not claim that any Lender Party has rendered advisory services of any nature or respect, or owes a
fiduciary or similar duty to such Loan Party, in connection with such transaction or the process leading thereto.

 

    131

     

    

 

9.14         Confidentiality.
Each of the Agents, the Issuing Lender and each of the Lenders agrees to keep confidential all information provided to it by any Loan
Party pursuant to this Agreement that is designated by such Loan Party as confidential; provided that nothing herein shall prevent
any Agent, the Issuing Lender or any Lender from disclosing any such information (a) to any Arranger, any Agent, any other Lender
or any Affiliate or Approved Fund of any thereof that agrees to comply with the provisions of this Section 9.14 or with provisions
substantially similar to those included in this Section 9.14, (b) to any Participant, or Assignee, or pledgee of interests
hereunder (each, a “Transferee”) or prospective Transferee that agrees to comply with the provisions of this Section 9.14
or with provisions substantially similar to those included in this Section 9.14, (c) to any of its employees, directors, trustees,
agents, attorneys, accountants and other professional advisors, including any numbering, administration and settlement service providers,
who are, or are expected to be, engaged in evaluating, approving, structuring or administering this Agreement or otherwise on a “need-to-know
basis” if reasonably incidental to the administration of this Agreement (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, and each
Agent, each Issuing Lender and each Lender shall be responsible for any breach hereof by such Agent’s, such Issuing Lender’s
or such Lender’s, as applicable, employees, directors, trustees, agents, attorneys, accountants and other professional advisors),
(d) to any financial institution that is a direct or indirect contractual counterparty in swap agreements or such contractual counterparty’s
professional advisor (so long as such contractual counterparty or professional advisor to such contractual counterparty agrees to be
bound by the provisions of this Section 9.14 or with provisions substantially similar to those included in this Section 9.14),
(e) upon the request or demand of any Governmental Authority (including, without limitation, bank regulatory authorities) having
jurisdiction over it, (f) pursuant to any order of any court or other Governmental Authority (including, without limitation, bank
regulatory authorities) or as may otherwise be required pursuant to any Requirement of Law, (g) in connection with any litigation
or similar proceeding, (h) that has been publicly disclosed other than in breach of this Section, (i) to the National Association
of Insurance Commissioners or any similar organization or any nationally recognized rating agency that requires access to information
about a Lender’s investment portfolio in connection with ratings issued with respect to such Lender, (j) in connection with
the exercise of any remedy hereunder or under any other Loan Document or (k) with the prior written consent of the Borrower; provided
that, in the case of disclosure pursuant to clauses (f) and (g) above (other than in connection with any routine audit
or examination conducted by bank accountants or any governmental bank regulatory authority exercising examination or regulatory authority),
to the extent not prohibited by law, such Person agrees to provide prompt written notice thereof to the Borrower.

 

9.15         Release
of Collateral Security and Guarantee Obligations. Each Secured Party hereby further authorizes the Collateral Agent, on behalf
of and for the benefit of Secured Parties, to be the agent for and representative of the Secured Parties with respect to the
guarantee contained in, and the Liens granted (or purported to be granted) upon the Collateral pursuant to, the Guarantee and
Collateral Agreement and the other Security Documents, and with respect to the exercise by the Collateral Agent (or its sub-agents
or designees) of any rights and remedies with respect to the Collateral as provided in the Loan Documents; provided that no
Agent shall owe any fiduciary duty, duty of loyalty, duty of care, duty of disclosure or any other obligation whatsoever to any
holder of Borrower Foreign Letter of Credit Obligations or Borrower Hedge Agreement Obligations (as such terms are defined in the
Guarantee and Collateral Agreement). Subject to Section 9.1, without further written consent or authorization from any Secured
Party, the Administrative Agent or the Collateral Agent, as applicable, may execute any documents or instruments necessary to
(i) in connection with a sale or disposition of assets permitted by this Agreement, release any Lien encumbering any item of
Collateral that is the subject of such sale or other disposition of assets or to which the Required Lenders (or such other Lenders
as may be required to give such consent under Section 9.1) have otherwise consented or (ii) release any Subsidiary
Guarantor from its guarantee pursuant to the Guarantee and Collateral Agreement (including in connection with a transaction
permitted by this Agreement) or with respect to which the Required Lenders (or such other Lenders as may be required to give such
consent under Section 9.1) have otherwise consented.

 

    132

     

    

 

(a)           Notwithstanding
anything contained to the contrary contained in any of the Loan Documents, the Borrower, the Administrative Agent, the Collateral Agent
and each Secured Party hereby agree that (i) no Secured Party shall have any right individually to realize upon any of the Collateral
or to enforce the guarantee contained in, or the Lien upon the Collateral granted (or purported to be granted) pursuant to, the Guarantee
and Collateral Agreement, it being understood and agreed that all powers, rights and remedies hereunder may be exercised solely by the
Administrative Agent, on behalf of the Lenders in accordance with the terms hereof, and all powers, rights and remedies under the Security
Documents may be exercised solely by the Collateral Agent, and (ii) in the event of a foreclosure by the Collateral Agent on any
of the Collateral pursuant to a public or private sale or other disposition, the Collateral Agent or any Lender may be the purchaser
or licensor of any or all of such Collateral at any such sale or other disposition and the Collateral Agent, as agent for and representative
of Secured Parties (but not any Lender or Lenders in its or their respective individual capacities unless the Required Lenders shall
otherwise agree in writing) shall be entitled, for the purpose of bidding and making settlement or payment of the purchase price for
all or any portion of the Collateral sold at any such public sale, to use and apply any of the Obligations as a credit on account of
the purchase price for any collateral payable by the Collateral Agent at such sale or other disposition.

 

(b)           No
Permitted Foreign Currency Letter of Credit, no Specified Cash Management Agreement and no Specified Hedge Agreement will create (or be
deemed to create) in favor of any Foreign Currency L/C Issuing Lender that is the issuer thereof, Cash Management Bank that is a party
thereto or Qualified Counterparty that is a party thereto, as applicable, any rights in connection with the management or release of any
Collateral or of the obligations of any Subsidiary Guarantor under the Loan Documents except as expressly provided in Section 9.1
and Section 8.15 of the Guarantee and Collateral Agreement. By accepting the benefits of the Collateral, each Foreign Currency L/C
Issuing Lender, each Cash Management Bank and each Qualified Counterparty shall be deemed to have appointed the Collateral Agent as its
agent and agreed to be bound by the Loan Documents as a Secured Party, subject to the limitations set forth in this Section 9.15.

 

(c)           Notwithstanding
anything to the contrary contained herein or any other Loan Document, when all Obligations have been paid in full (other than
contingent obligations in respect of which no assertion of liability (whether oral or written) and no claim or demand for payment
(whether oral or written) has been made (and, in the case of Obligations for indemnification, no notice for indemnification has been
issued by the indemnitee) at such time), all Commitments have terminated or expired and no Letter of Credit shall be outstanding
(other than Letters of Credit that have been cash collateralized or backstopped in a manner reasonably acceptable to the relevant
Issuing Lender and the Administrative Agent), the security interest in all Collateral and the guarantee obligations provided for in
any Loan Document shall automatically terminate and be released and, upon the request of the Borrower, the Collateral Agent shall
(without notice to, or vote or consent of, any Secured Party) take such actions as shall be required to release its security
interest in all Collateral, and to release all guarantee obligations provided for in any Loan Document.

 

    133

     

    

 

9.16         Accounting
Changes. In the event that any “Accounting Change” (as defined below) shall occur and such change results in a change
in the method of calculation of financial covenants, standards or terms in this Agreement, then the Borrower and the Administrative Agent
agree to enter into negotiations in order to amend such provisions of this Agreement so as to equitably reflect such Accounting Change
with the desired result that the criteria for evaluating the Borrower’s financial condition shall be the same after such Accounting
Change as if such Accounting Change had not been made. Until such time as such an amendment shall have been executed and delivered by
the Borrower, the Administrative Agent and the Required Lenders, all financial covenants, standards and terms in this Agreement shall
continue to be calculated or construed as if such Accounting Change had not occurred. “Accounting Change” refers to any change
in GAAP or in any other accounting principles required by the promulgation of any rule, regulation, pronouncement or opinion by the Financial
Accounting Standards Board of the American Institute of Certified Public Accountants or, if applicable, the SEC.

 

9.17         [Reserved.]

 

9.18         WAIVERS
OF JURY TRIAL. EACH PARTY HERETO HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE
TO A TRIAL BY JURY IN ANY LEGAL ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT OR THE TRANSACTIONS
CONTEMPLATED HEREBY OR THEREBY (WHETHER BASED ON CONTRACT, TORT OR ANY OTHER THEORY). EACH PARTY HERETO (A) CERTIFIES THAT NO REPRESENTATIVE,
AGENT OR ATTORNEY OF ANY OTHER PERSON HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PERSON WOULD NOT, IN THE EVENT OF
LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER AND (B) ACKNOWLEDGES THAT IT HAS BEEN INDUCED TO ENTER INTO THIS AGREEMENT AND THE
OTHER LOAN DOCUMENTS BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION 9.18.

 

9.19         Lender
Action. Each Lender and each Issuing Lender agrees that it shall not take or institute any actions or proceedings, judicial or otherwise,
for any right or remedy against any Loan Party or any other obligor under any of the Loan Documents (including the exercise of any right
of setoff, rights on account of any banker’s lien or similar claim or other rights of self-help), or institute any actions or proceedings,
or otherwise commence any remedial procedures, with respect to any Collateral or any other property of any such Loan Party, unless expressly
provided for herein or in any other Loan Document, without the prior written consent of the Administrative Agent. The provisions of this
Section 9.19 are for the sole benefit of the Lenders and the Issuing Lenders and shall not afford any right to, or constitute a defense
available to, any Loan Party.

 

    134

     

    

 

9.20         USA
PATRIOT Act Notice. Each Lender subject to the USA PATRIOT Act, the Issuing Lender, the Administrative Agent and the Collateral Agent
(for itself and not on behalf of any Lender) hereby notifies the Borrower and each other Loan Party that pursuant to the requirements
of the USA PATRIOT Act, it is required to obtain, verify and record information that identifies the Borrower and each other Loan Party,
which information includes the name and address of the Borrower and other information that will allow such Lender, the Issuing Lender,
the Administrative Agent or the Collateral Agent, as applicable, to identify the Borrower and each other Loan Party in accordance with
the USA PATRIOT Act.

 

9.21         Loan
Modification Offers. (a)The Borrower may at any time and from time to time request that all or a portion of the Tranche B-4 Term
Loans or Other Term Loans (an “Existing Tranche”) be converted to extend the scheduled maturity date(s) of
any payment or payments of principal (including at final maturity) with respect to such Tranche B-4 Term Loans or Other Term Loans
(any such Tranche B-4 Term Loans or Other Term Loans which have been so converted, “Extended Term Loans”) and to
provide for other terms consistent with this Section 9.21; provided that no more than two scheduled maturity dates in
respect of any Loans may occur during any fiscal year of the Borrower. In order to establish Extended Term Loans, the Borrower shall
provide written notice to the Administrative Agent (who shall provide a copy of such written notice to each of the Lenders under the
applicable Existing Tranche) (each, a “Loan Modification Offer”) setting forth the terms and conditions of the
Extended Term Loans to be established (which shall be identical in all material respects to the Tranche B-4 Term Loans or Other Term
Loans, as the case may be, under the Existing Tranche from which such Extended Term Loans are to be converted except that
(i) all or any of the scheduled amortization payments of principal and payment at maturity of the Extended Term Loans may be
delayed to later dates than the scheduled amortization payments of principal and payment at maturity of the Tranche B-4 Term Loans
or Other Term Loans, as the case may be, of such Existing Tranche, in each case to the extent provided in such Loan Modification
Offer, (ii) the Applicable Margin, the Eurodollar Rate “floor” set forth in the definition of Eurodollar Rate
and/or fees payable with respect to the Extended Term Loans may be different from the same provisions for the Tranche B-4 Term Loans
of such Existing Tranche, in each case, to the extent provided in the Loan Modification Offer, (iii) any Extended Term Loans
may participate on a pro rata basis or a less than pro rata basis (but not greater than a pro rata basis) in any voluntary or
mandatory prepayments hereunder, in each case as specified in the respective Loan Modification Offer, and (iv) the Loan
Modification Offer may provide for other covenants and terms (A) that apply solely to any period after the latest final
maturity of the Term Loans and Term Loan Commitments in effect on the effective date of the Loan Modification Offer immediately
prior to the establishment of such Extended Term Loans, or after approval thereof by the Required Lenders or (B) that are less
favorable to the holders of the Extended Term Loans than the covenants and terms applicable to the Existing Tranche). The Borrower
shall provide the applicable Loan Modification Offer at least five Business Days prior to the date on which Lenders are requested to
respond. Each Lender under the applicable Existing Tranche shall be afforded a pro rata opportunity to participate in any Loan
Modification Offer (subject to notice and conditions to be agreed by the Borrower and the Administrative Agent in their reasonable
discretion). No Lender shall have any obligation to agree to have any of its Term Loans of any Existing Tranche converted into
Extended Term Loans pursuant to any Loan Modification Offer. Any Lender wishing to have all or a portion of its Term Loans of the
applicable Existing Tranche subject to such Loan Modification Offer converted into Extended Term Loans (each such Lender, an
 “Extending Term Lender”) shall notify the Administrative Agent in writing (an “Extension Election”)
on or prior to the date specified in such Loan Modification Offer of the amount of its Term Loans of the applicable Existing Tranche
which it has elected to request be converted into Extended Term Loans (subject to any minimum denomination requirements set forth in
such Loan Modification Offer). In the event that the aggregate amount of Term Loans of the applicable Existing Tranche subject to
Extension Elections exceeds the amount of Extended Term Loans requested pursuant to the Extension Request, Term Loans of the
applicable Existing Tranche subject to Extension Elections shall be converted to Extended Term Loans on a pro rata basis based on
the amount of Term Loans of the applicable Existing Tranche included in each such Extension Election.

 

    135

     

    

 

(b)           The
Borrower and any one or more Revolving Credit Lenders may from time to time agree that such Revolving Credit Lenders will establish
Revolving Credit Commitments through the conversion of a previously established Revolving Credit Commitment of any such Revolving
Credit Lender to an Extended Revolving Credit Commitment of such Lender (any Revolving Credit Commitments being established in
accordance with this Section 9.21(b) an “Extended Revolving Credit Commitment”, which for the avoidance
of doubt, shall also be a Revolving Credit Commitment) by executing and delivering to the Administrative Agent a notice (a
 “Revolving Extension Notice”; each Revolving Extension Notice and each Loan Modification Offer being an
 “Extension”) specifying (i) the amount of Extended Revolving Credit Commitments established thereby,
(ii) the Revolving Credit Termination Date for such Extended Revolving Credit Commitments; provided that the Revolving
Credit Termination Date for any Extended Revolving Credit Commitments shall in no event be earlier than the Revolving Credit
Termination Date for the Revolving Credit Commitments established on the Closing Date and there shall not be more than three
Revolving Credit Termination Dates in effect at any time, (iii) the Applicable Margin for Revolving Credit Loans and fees in
respect of participations in Letters of Credit pursuant to such Extended Revolving Credit Commitments and the commitment fee payable
with respect to such Extended Revolving Credit Commitments; provided that (A) in no event shall there be more than three
Applicable Margins in effect in the aggregate for all Revolving Credit Commitments at any time and (B) either (x) the
Applicable Margins for Revolving Credit Loans, fees in respect of participations in Letters of Credit and the commitment fee for all
Revolving Credit Commitments that have the same Revolving Credit Termination Date shall be the same (although different upfront fees
may be paid by Borrower) or (y) the maximum number of Revolving Credit Termination Dates permitted to be in effect at any time
shall be reduced by the number of such different Applicable Margins and fees in excess of one applicable to Revolving Credit
Commitments with the same Revolving Termination Date, and (iv) whether clause (ii) above shall be amended to provide that
future Extended Revolving Credit Commitments may not have a Revolving Credit Termination Date prior to the Revolving Credit
Termination Date for such Extended Revolving Credit Commitments. Except as set forth above, the terms of the Extended Revolving
Credit Commitments shall be identical in all material respects to the Revolving Credit Commitments established on the Closing Date.
No Lender shall have any obligation to participate in any increase described in this paragraph unless it agrees to do so in its sole
discretion, provided that all Revolving Credit Lenders shall be afforded a pro rata opportunity to participate in any
Extensions (subject to notice and conditions to be agreed by Borrower and the Administrative Agent in their reasonable discretion).
On each date on which Extended Revolving Credit Commitments are established, each Revolving Credit Lender shall purchase at par from
and/or sell at par to each of the other Revolving Credit Lenders such portions of the outstanding Revolving Credit Loans, if any, as
may be specified by the Administrative Agent so that, immediately following such purchases, all Eurodollar Loans and all Base Rate
Loans that are Revolving Credit Loans shall be held by the Revolving Credit Lenders on a pro rata basis in accordance with their
respective Revolving Credit Percentages.

 

    136

     

    

 

(c)           No
consent of any Lender or the Administrative Agent shall be required to effectuate any Extension, other than (i) the consent of each
Term Lender agreeing to a Loan Modification Offer as evidenced by its delivery of an Extension Election, (ii) the consent of each
Revolving Credit Lender agreeing to an Extended Revolving Credit Commitment as evidenced by its execution of a Revolving Extension Notice
and (iii) with respect to the establishment of any Extended Revolving Credit Commitment, the consent of the Issuing Lender and the
Administrative Agent. All Extended Term Loans, Extended Revolving Credit Commitments and all obligations in respect thereof shall be
Obligations under this Agreement and the other Loan Documents that are secured by the Collateral on a pari passu basis with all other
applicable Obligations under this Agreement and the other Loan Documents. The Lenders hereby irrevocably authorize the Administrative
Agent to enter into amendments to this Agreement and the other Loan Documents with the Borrower as may be necessary in order to establish
new tranches or sub-tranches in respect of Revolving Credit Commitments or Term Loans so extended and such technical amendments as may
be necessary or appropriate in the reasonable opinion of the Administrative Agent and the Borrower in connection with the establishment
of such new tranches or sub-tranches, in each case on terms consistent with this Section 9.21 (and the Administrative Agent is hereby
directed to enter into any such amendments). Without limiting the foregoing, in connection with the establishment of any Extended Term
Loans or Extended Revolving Credit Commitments, the respective Loan Parties shall (at their sole expense) amend (and the Administrative
Agent is hereby authorized and directed to amend) any applicable Security Document that has a maturity date prior to the then latest
maturity date of any Extended Term Loans or Extended Revolving Credit Commitments so that such shorter maturity date is extended to the
then latest maturity date (or such later date as may be advised by counsel to the Administrative Agent).

 

9.22         Usury
Savings Clause. Notwithstanding any other provision herein, the aggregate interest rate charged with respect to any of the Obligations,
including all charges or fees in connection therewith deemed in the nature of interest under applicable law shall not exceed the Highest
Lawful Rate. If the rate of interest (determined without regard to the preceding sentence) under this Agreement at any time exceeds the
Highest Lawful Rate, the outstanding amount of the Loans made hereunder shall bear interest at the Highest Lawful Rate until the total
amount of interest due hereunder equals the amount of interest which would have been due hereunder if the stated rates of interest set
forth in this Agreement had at all times been in effect. In addition, if when the Loans made hereunder are repaid in full the total interest
due hereunder (taking into account the increase provided for above) is less than the total amount of interest which would have been due
hereunder if the stated rates of interest set forth in this Agreement had at all times been in effect, then to the extent permitted by
law, the Borrower shall pay to the Administrative Agent an amount equal to the difference between the amount of interest paid and the
amount of interest which would have been paid if the Highest Lawful Rate had at all times been in effect. Notwithstanding the foregoing,
it is the intention of the Lenders and the Borrower to conform strictly to any applicable usury laws. Accordingly, if any Lender contracts
for, charges, or receives any consideration which constitutes interest in excess of the Highest Lawful Rate, then any such excess shall
be cancelled automatically and, if previously paid, shall at such Lender’s option be applied to the outstanding amount of the Loans
made hereunder or be refunded to the Borrower.

 

    137

     

    

 

9.23         Effect
of Restatement. This Agreement shall, except as otherwise expressly set forth herein, supersede the Existing Credit Agreement from
and after the Restatement Date and from and after the Restatement Funding Date with respect to the Loans and Letters of Credit outstanding
under the Existing Credit Agreement as of the Restatement Date and as of the Restatement Funding Date. The parties hereto acknowledge
and agree, however, that (a) this Agreement and all other Loan Documents executed and delivered herewith do not constitute a novation,
payment and reborrowing or termination of the Obligations (under and as defined in the Existing Credit Agreement) and the other Loan
Documents as in effect prior to the Restatement Date except as expressly provided for in the Amendment Agreement and as contemplated
by Section 3.16 hereof and (b) such Obligations are in all respects continuing (except as expressly provided for in
the Amendment Agreement and as contemplated by Section 3.16 hereof) with only the terms being modified as provided in this
Agreement and the other Loan Documents. The parties hereto further acknowledge and agree that (i) the liens and security interests
in favor of the Collateral Agent for the benefit of the Secured Parties securing payment of the Obligations (under and as defined in
the Existing Credit Agreement) are in all respects continuing and in full force and effect with respect to all Obligations and (ii) all
references in the other Loan Documents to the Existing Credit Agreement shall be deemed to refer without further amendment to this Agreement.
In addition, unless specifically amended hereby, each of the Loan Documents and Exhibits and Schedules to the Existing Credit Agreement
shall continue in full force and effect and, if applicable, in the forms attached to the Existing Credit Agreement, and with the effect
that from and after the Restatement Date all references therein shall be references to this Agreement.

 

9.24         Acknowledgement
and Consent to Bail-In of Affected Financial Institutions. Notwithstanding anything to the contrary in any Loan Document or in any
other agreement, arrangement or understanding among any such parties, each party hereto acknowledges that any liability of any Affected
Financial Institution arising under any Loan Document, to the extent such liability is unsecured, may be subject to the write-down and
conversion powers of the applicable Resolution Authority and agrees and consents to, and acknowledges and agrees to be bound by:

 

(a)           the
application of any Write-Down and Conversion Powers by the applicable Resolution Authority to any such liabilities arising hereunder which
may be payable to it by any party hereto that is an Affected Financial Institution; and

 

(b)           the
effects of any Bail-in Action on any such liability, including, if applicable:

 

(i)            a
reduction in full or in part or cancellation of any such liability;

 

(ii)           a
conversion of all, or a portion of, such liability into shares or other instruments of ownership in such Affected Financial Institution,
its parent undertaking, or a bridge institution that may be issued to it or otherwise conferred on it, and that such shares or other instruments
of ownership will be accepted by it in lieu of any rights with respect to any such liability under this Agreement or any other Loan Document;
or

 

    138

     

    

 

(iii)          the
variation of the terms of such liability in connection with the exercise of the write-down and conversion powers of the applicable Resolution
Authority.

 

9.25         Acknowledgement
Regarding Any Supported QFCs. To the extent that the Loan Documents provide support, through a guarantee or otherwise, for Hedge
Agreements or any other agreement or instrument that is a QFC (such support, “QFC Credit Support” and, each such QFC,
a “Supported QFC”), the parties acknowledge and agree as follows with respect to the resolution power of the Federal
Deposit Insurance Corporation under the Federal Deposit Insurance Act and Title II of the Dodd-Frank Wall Street Reform and Consumer
Protection Act (together with the regulations promulgated thereunder, the “U.S. Special Resolution Regimes”) in respect
of such Supported QFC and QFC Credit Support (with the provisions below applicable notwithstanding that the Loan Documents and any Supported
QFC may in fact be stated to be governed by the laws of the State of New York and/or of the United States or any other state of the United
States), in the event a Covered Entity that is party to a Supported QFC (each, a “Covered Party”) becomes subject
to a proceeding under a U.S. Special Resolution Regime, the transfer of such Supported QFC and the benefit of such QFC Credit Support
(and any interest and obligation in or under such Supported QFC and such QFC Credit Support, and any rights in property securing such
Supported QFC or such QFC Credit Support) from such Covered Party will be effective to the same extent as the transfer would be effective
under the U.S. Special Resolution Regime if the Supported QFC and such QFC Credit Support (and any such interest, obligation and rights
in property) were governed by the laws of the United States or a state of the United States. In the event a Covered Party or a BHC Act
Affiliate of a Covered Party becomes subject to a proceeding under a U.S. Special Resolution Regime, Default Rights under the Loan Documents
that might otherwise apply to such Supported QFC or any QFC Credit Support that may be exercised against such Covered Party are permitted
to be exercised to no greater extent than such Default Rights could be exercised under the U.S. Special Resolution Regime if the Supported
QFC and the Loan Documents were governed by the laws of the United States or a state of the United States. Without limitation of the
foregoing, it is understood and agreed that rights and remedies of the parties with respect to a Defaulting Lender shall in no event
affect the rights of any Covered Party with respect to a Supported QFC or any QFC Credit Support.

 

[Signature Pages Follow]

 

    139Exhibit
4.7

 

BONE
BIOLOGICS CORPORATION

 

INDENTURE

 

Dated
as of__________ , 20___

 

___________

 

Trustee

 

    	 

     

    

 

TABLE
OF CONTENTS

 

	 	 	 	Page
	 	 	 	 
	ARTICLE
    I	DEFINITIONS
    AND INCORPORATION BY REFERENCE	1
	 	Section
    1.1	Definitions	1
	 	Section
    1.2	Other
    Definitions	3
	 	Section
    1.3	Incorporation
    by Reference of Trust Indenture Act	4
	 	Section
    1.4	Rules
    of Construction	4
	 	 	 	 
	ARTICLE
    II	THE
    SECURITIES	4
	 	Section
    2.1	Issuable
    in Series	4
	 	Section
    2.2	Establishment
    of Terms of Series of Securities	4
	 	Section
    2.3	Execution
    and Authentication	6
	 	Section
    2.4	Registrar
    and Paying Agent	7
	 	Section
    2.5	Paying
    Agent to Hold Money in Trust	7
	 	Section
    2.6	Security
    holder Lists	7
	 	Section
    2.7	Transfer
    and Exchange	8
	 	Section
    2.8	Mutilated,
    Destroyed, Lost and Stolen Securities	8
	 	Section
    2.9	Outstanding
    Securities	8
	 	Section
    2.10	Treasury
    Securities	9
	 	Section
    2.11	Temporary
    Securities	9
	 	Section
    2.12	Cancellation	9
	 	Section
    2.13	Defaulted
    Interest	9
	 	Section
    2.14	Global
    Securities	9
	 	Section
    2.15	CUSIP
    Numbers	11
	 	 	 	 
	ARTICLE
    III	REDEMPTION	11
	 	Section
    3.1	Notice
    to Trustee	11
	 	Section
    3.2	Selection
    of Securities to be Redeemed	11
	 	Section
    3.3	Notice
    of Redemption	11
	 	Section
    3.4	Effect
    of Notice of Redemption	12
	 	Section
    3.5	Deposit
    of Redemption Price	12
	 	Section
    3.6	Securities
    Redeemed in Part	12
	 	 	 	 
	ARTICLE
    IV	COVENANTS	12
	 	Section
    4.1	Payment
    of Principal and Interest	12
	 	Section
    4.2	SEC
    Reports	12
	 	Section
    4.3	Compliance
    Certificate	13
	 	Section
    4.4	Stay,
    Extension and Usury Laws	13
	 	 	 	 
	ARTICLE
    V	SUCCESSORS	 	13
	 	Section
    5.1	When
    Company May Merge, Etc.	13
	 	Section
    5.2	Successor
    Corporation Substituted	14
	 	 	 	 
	ARTICLE
    VI	DEFAULTS
    AND REMEDIES	14
	 	Section
    6.1	Events
    of Default	14
	 	Section
    6.2	Acceleration
    of Maturity	15
	 	Section
    6.3	Collection
    of Indebtedness and Suits for Enforcement by Trustee	15
	 	Section
    6.4	Trustee
    May File Proofs of Claim	16
	 	Section
    6.5	Trustee
    May Enforce Claims Without Possession of Securities	16
	 	Section
    6.6	Application
    of Money Collected	16
	 	Section
    6.7	Limitation
    on Suits	17
	 	Section
    6.8	Unconditional
    Right of Holders to Receive Principal and Interest	17
	 	Section
    6.9	Restoration
    of Rights and Remedies	17
	 	Section
    6.10	Rights
    and Remedies Cumulative	17
	 	Section
    6.11	Delay
    or Omission Not Waiver	18
	 	Section
    6.12	Control
    by Holders	18
	 	Section
    6.13	Waiver
    of Past Defaults	18
	 	Section
    6.14	Undertaking
    for Costs	18

 

    	i

     

    

 

TABLE
OF CONTENTS (cont.)  

 

	 	 	 	Page
	 	 	 	 
	ARTICLE
    VII	TRUSTEE	 	19
	 	Section
    7.1	Duties
    of Trustee	19
	 	Section
    7.2	Rights
    of Trustee	20
	 	Section
    7.3	Individual
    Rights of Trustee	20
	 	Section
    7.4	Trustee’s
    Disclaimer	20
	 	Section
    7.5	Notice
    of Defaults	21
	 	Section
    7.6	Reports
    by Trustee to Holders	21
	 	Section
    7.7	Compensation
    and Indemnity	21
	 	Section
    7.8	Replacement
    of Trustee	21
	 	Section
    7.9	Successor
    Trustee by Merger, Etc.	22
	 	Section
    7.10	Eligibility	22
	 	Section
    7.11	Preferential
    Collection of Claims Against Company	22
	 	 	 	 
	ARTICLE
    VIII	SATISFACTION	AND
    DISCHARGE	23
	 	Section
    8.1	Satisfaction
    and Discharge of Indenture	23
	 	Section
    8.2	Application
    of Trust Funds	23
	 	Section
    8.3	Legal
    Defeasance of Securities of any Series	24
	 	Section
    8.4	Covenant
    Defeasance	25
	 	Section
    8.5	Repayment
    to Company	26
	 	Section
    8.6	Reinstatement	26
	 	 	 	 
	ARTICLE
    IX	AMENDMENTS	AND
    WAIVERS	26
	 	Section
    9.1	Without
    Consent of Holders	26
	 	Section
    9.2	With
    Consent of Holders	27
	 	Section
    9.3	Limitations	27
	 	Section
    9.4	Compliance
    with Trust Indenture Act	27
	 	Section
    9.5	Revocation
    and Effect of Consents	28
	 	Section
    9.6	Notation
    on or Exchange of Securities	28
	 	Section
    9.7	Trustee
    Protected	28
	 	 	 	 
	ARTICLE X	MISCELLANEOUS	 	28
	 	Section
    10.1	Trust
    Indenture Act Controls	28
	 	Section
    10.2	Notices	29
	 	Section
    10.3	Communication
    by Holders with Other Holders	29
	 	Section
    10.4	Certificate
    and Opinion as to Conditions Precedent	29
	 	Section
    10.5	Statements
    Required in Certificate or Opinion	30
	 	Section
    10.6	Rules
    by Trustee and Agents	30
	 	Section
    10.7	Legal
    Holidays	30
	 	Section
    10.8	No
    Recourse Against Others	30
	 	Section
    10.9	Counterparts	30
	 	Section
    10.10	Governing
    Law, Waiver of Jury Trial, Consent to Jurisdiction	30
	 	Section
    10.11	No
    Adverse Interpretation of Other Agreements	31
	 	Section
    10.12	Successors	31
	 	Section
    10.13	Severability	31
	 	Section
    10.14	Table
    of Contents, Headings, Etc.	31
	 	Section
    10.15	Securities
    in a Foreign Currency	31
	 	Section
    10.16	Judgment
    Currency	32
	 	Section
    10.17	Force
    Majeure	32
	 	Section
    10.18	U.S.A.
    Patriot Act	32
	 	 	 	 
	ARTICLE XI	SINKING
FUNDS	 	32
	 	Section
    11.1	Applicability
    of Article	32
	 	Section
    11.2	Satisfaction
    of Sinking Fund Payments with Securities	33
	 	Section
    11.3	Redemption
    of Securities for Sinking Fund	33

 

    	ii

     

    

 

Bone
Biologics Corporation

 

Reconciliation
and tie between the Trust Indenture Act of 1939 and 

the Indenture, dated as of _________, 20__

 

	§
    310(a)(1)	 	 	7.10
	(a)(2)	 	 	7.10
	(a)(3)	 	 	Not Applicable
	(a)(4)	 	 	Not Applicable
	(a)(5)	 	 	7.10
	(b)	 	 	7.10
	§
    311(a)	 	 	7.11
	(b)	 	 	7.11
	(c)	 	 	Not Applicable
	§
    312(a)	 	 	2.6
	(b)	 	 	10.3
	(c)	 	 	10.3
	§
    313(a)	 	 	7.6
	(b)(1)	 	 	7.6
	(b)(2)	 	 	7.6
	(c)(1)	 	 	7.6
	(d)	 	 	7.6
	§
    314(a)	 	 	4.2, 10.5
	(b)	 	 	Not Applicable
	(c)(1)	 	 	10.4
	(c)(2)	 	 	10.4
	(c)(3)	 	 	Not Applicable
	(d)	 	 	Not Applicable
	(e)	 	 	10.5
	(f)	 	 	Not Applicable
	§
    315(a)	 	 	7.1
	(b)	 	 	7.5
	(c)	 	 	7.1
	(d)	 	 	7.1
	(e)	 	 	6.14
	§
    316(a)	 	 	2.10
	(a)(1)(A)	 	 	6.12
	(a)(1)(B)	 	 	6.13
	(b)	 	 	6.8
	§
    317(a)(1)	 	 	6.3
	(a)(2)	 	 	6.4
	(b)	 	 	2.5
	§
    318(a)	 	 	10.1

 

Note:
This reconciliation and tie shall not, for any purpose, be deemed to be part of the Indenture.

 

    	iii

     

    

 

Indenture
dated as of , 20 between Bone Biologics Corporation, a Delaware corporation (the “Company”), and (the “Trustee”).

 

Each
party agrees as follows for the benefit of the other party and for the equal and ratable benefit of the Holders of the Securities issued
under this Indenture.

 

ARTICLE
I

DEFINITIONS
AND INCORPORATION BY REFERENCE

 

Section
1.1 Definitions.

 

“Additional
Amounts” means any additional amounts which are required hereby or by any Security, under circumstances specified herein or
therein, to be paid by the Company in respect of certain taxes imposed on Holders specified herein or therein and which are owing to
such Holders.

 

“Affiliate”
of any specified person means any other person directly or indirectly controlling or controlled by or under common control with such
specified person. For the purposes of this definition, “control” (including, with correlative meanings, the terms “controlled
by” and “under common control with”), as used with respect to any person, shall mean the possession, directly or indirectly,
of the power to direct or cause the direction of the management or policies of such person, whether through the ownership of voting securities
or by agreement or otherwise.

 

“Agent”
means any Registrar, Paying Agent or Notice Agent.

 

“Board
of Directors” means the board of directors of the Company or any duly authorized committee thereof.

 

“Board
Resolution” means a copy of a resolution certified by the Secretary or an Assistant Secretary of the Company to have been adopted
by the Board of Directors or pursuant to authorization by the Board of Directors and to be in full force and effect on the date of the
certificate and delivered to the Trustee.

 

“Business
Day” means, unless otherwise provided by Board Resolution, Officer’s Certificate or supplemental indenture hereto for
a particular Series, any day except a Saturday, Sunday or a legal holiday in The City of New York, New York (or in connection with any
payment, the place of payment) on which banking institutions are authorized or required by law, regulation or executive order to close.

 

“Capital
Stock” means any and all shares, interests, participations, rights or other equivalents (however designated) of corporate stock.

 

“Company”
means the party named as such above until a successor replaces it and thereafter means the successor. “Company Order”
means a written order signed in the name of the Company by an Officer.

 

“Corporate
Trust Office” means the office of the Trustee at which at any particular time its corporate trust business related to this
Indenture shall be principally administered.

 

“Default”
means any event which is, or after notice or passage of time or both would be, an Event of Default.

 

“Depositary”
means, with respect to the Securities of any Series issuable or issued in whole or in part in the form of one or more Global Securities,
the person designated as Depositary for such Series by the Company, which Depositary shall be a clearing agency registered under the
Exchange Act; and if at any time there is more than one such person, “Depositary” as used with respect to the Securities
of any Series shall mean the Depositary with respect to the Securities of such Series.

 

“Discount
Security” means any Security that provides for an amount less than the stated principal amount thereof to be due and payable
upon declaration of acceleration of the maturity thereof pursuant to Section 6.2.

 

“Dollars”
and “$” means the currency of the United States of America.

 

    	1

     

    

 

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

 

“Foreign
Currency” means any currency or currency unit issued by a government other than the government of the United States of America.

 

“Foreign
Government Obligations” means, with respect to Securities of any Series that are denominated in a Foreign Currency, direct
obligations of, or obligations guaranteed by, the government that issued or caused to be issued such currency for the payment of which
obligations its full faith and credit is pledged and which are not callable or redeemable at the option of the issuer thereof.

 

“GAAP”
means accounting principles generally accepted in the United States of America set forth in the opinions and pronouncements of the
Accounting Principles Board of the American Institute of Certified Public Accountants and statements and pronouncements of the Financial
Accounting Standards Board or in such other statements by such other entity as have been approved by a significant segment of the accounting
profession, which are in effect as of the date of determination.

 

“Global
Security” or “Global Securities” means a Security or Securities, as the case may be, in the form established
pursuant to Section 2.2 evidencing all or part of a Series of Securities, issued to the Depositary for such Series or its nominee, and
registered in the name of such Depositary or nominee.

 

“Holder”
or “Securityholder” means a person in whose name a Security is registered.

 

“Indenture”
means this Indenture as amended or supplemented from time to time and shall include the form and terms of particular Series of Securities
established as contemplated hereunder.

 

“Interest”
with respect to any Discount Security which by its terms bears interest only after Maturity, means interest payable after Maturity.

 

“Maturity,”
when used with respect to any Security, means the date on which the principal of such Security becomes due and payable as therein or
herein provided, whether at the Stated Maturity or by declaration of acceleration, call for redemption or otherwise.

 

“Officer”
means the Chief Executive Officer, the President, the Chief Financial Officer, the Treasurer or any Assistant Treasurer, the Secretary
or any Assistant Secretary, and any Vice President of the Company.

 

“Officer’s
Certificate” means a certificate signed by any Officer.

 

“Opinion
of Counsel” means a written opinion of legal counsel who is acceptable to the Trustee. The counsel may be an employee of or
counsel to the Company. The opinion may contain customary limitations, conditions and exceptions.

 

“Person”
means any individual, corporation, partnership, joint venture, association, limited liability company, joint-stock company, trust, unincorporated
organization or government or any agency or political subdivision thereof.

 

“Principal”
of a Security means the principal of the Security plus, when appropriate, the premium, if any, on, and any Additional Amounts in respect
of, the Security.

 

“Responsible
Officer” means any officer of the Trustee in its Corporate Trust Office having responsibility for administration of this Indenture
and also means, with respect to a particular corporate trust matter, any other officer to whom any corporate trust matter is referred
because of his or her knowledge of and familiarity with a particular subject.

 

“SEC”
means the Securities and Exchange Commission.

 

“Securities”
means the debentures, notes or other debt instruments of the Company of any Series authenticated and delivered under this Indenture.

 

    	2

     

    

 

“Series”
or “Series of Securities” means each series of debentures, notes or other debt instruments of the Company created
pursuant to Sections 2.1 and 2.2 hereof.

 

“Stated
Maturity” when used with respect to any Security, means the date specified in such Security as the fixed date on which the
principal of such Security or interest is due and payable.

 

“Subsidiary”
of any specified person means any corporation, association or other business entity of which more than 50% of the total voting power
of shares of Capital Stock entitled (without regard to the occurrence of any contingency) to vote in the election of directors, managers
or trustees thereof is at the time owned or controlled, directly or indirectly, by such person or one or more of the other Subsidiaries
of that person or a combination thereof.

 

“TIA”
means the Trust Indenture Act of 1939 (15 U.S. Code §§ 77aaa-77bbbb) as in effect on the date of this Indenture; provided,
however, that in the event the Trust Indenture Act of 1939 is amended after such date, “TIA” means, to the extent
required by any such amendment, the Trust Indenture Act as so amended.

 

“Trustee”
means the person named as the “Trustee” in the first paragraph of this instrument until a successor Trustee shall have become
such pursuant to the applicable provisions of this Indenture, and thereafter “Trustee” shall mean or include each person
who is then a Trustee hereunder, and if at any time there is more than one such person, “Trustee” as used with respect to
the Securities of any Series shall mean the Trustee with respect to Securities of that Series.

 

“U.S.
Government Obligations” means securities which are direct obligations of, or guaranteed by, the United States of America for
the payment of which its full faith and credit is pledged and which are not callable or redeemable at the option of the issuer thereof,
and shall also include a depositary receipt issued by a bank or trust company as custodian with respect to any such U.S. Government Obligation
or a specific payment of interest on or principal of any such U.S. Government Obligation held by such custodian for the account of the
holder of a depository receipt, provided that (except as required by law) such custodian is not authorized to make any deduction
from the amount payable to the holder of such depositary receipt from any amount received by the custodian in respect of the U.S. Government
Obligation evidenced by such depositary receipt.

 

Section
1.2 Other Definitions.

 

	TERM	 	DEFINED IN SECTION	 
	“Bankruptcy Law”	 	 	6.1	 
	“Custodian”	 	 	6.1	 
	“Event of Default”	 	 	6.1	 
	“Judgment Currency”	 	 	10.16	 
	“Legal Holiday”	 	 	10.7	 
	“mandatory sinking fund payment”	 	 	11.1	 
	“New York Banking Day”	 	 	10.16	 
	“Notice Agent”	 	 	2.4	 
	“optional sinking fund payment”	 	 	11.1	 
	“Paying Agent”	 	 	2.4	 
	“Registrar”	 	 	2.4	 
	“Required Currency”	 	 	10.16	 
	“Specified Courts”	 	 	10.10	 
	“successor person”	 	 	5.1	 

 

    	3

     

    

 

Section
1.3 Incorporation by Reference of Trust Indenture Act.

 

Whenever
this Indenture refers to a provision of the TIA, the provision is incorporated by reference in and made a part of this Indenture. The
following TIA terms used in this Indenture have the following meanings:

 

“Commission”
means the SEC.

 

“indenture
securities” means the Securities.

 

“indenture security holder” means a Securityholder.

 

“indenture
to be qualified” means this Indenture.

 

“indenture
trustee” or “institutional trustee” means the Trustee.

 

“obligor”
on the indenture securities means the Company and any successor obligor upon the Securities.

 

All
other terms used in this Indenture that are defined by the TIA, defined by TIA reference to another statute or defined by SEC rule under
the TIA and not otherwise defined herein are used herein as so defined.

 

Section
1.4 Rules of Construction.

 

Unless
the context otherwise requires:

 

(a)
a term has the meaning assigned to it;

 

(b)
an accounting term not otherwise defined has the meaning assigned to it in accordance with GAAP;

 

(c)
“or” is not exclusive;

 

(d)
words in the singular include the plural, and in the plural include the singular; and

 

(e)
provisions apply to successive events and transactions.

 

ARTICLE
II

THE SECURITIES

 

Section
2.1 Issuable in Series.

 

The
aggregate principal amount of Securities that may be authenticated and delivered under this Indenture is unlimited. The Securities may
be issued in one or more Series. All Securities of a Series shall be identical except as may be set forth or determined in the manner
provided in a Board Resolution, a supplemental indenture hereto or an Officer’s Certificate detailing the adoption of the terms
thereof pursuant to authority granted under a Board Resolution. In the case of Securities of a Series to be issued from time to time,
the Board Resolution, Officer’s Certificate or supplemental indenture hereto detailing the adoption of the terms thereof pursuant
to authority granted under a Board Resolution may provide for the method by which specified terms (such as interest rate, maturity date,
record date or date from which interest shall accrue) are to be determined. Securities may differ between Series in respect of any matters,
provided that all Series of Securities shall be equally and ratably entitled to the benefits of this Indenture.

 

Section
2.2 Establishment of Terms of Series of Securities.

 

At
or prior to the issuance of any Securities within a Series, the following shall be established (as to the Series generally, in the
case of Subsection 2.2.1 and either as to such Securities within the Series or as to the Series generally in the case of Subsections
2.2.2 through 2.2.23) by or pursuant to a Board Resolution, and set forth or determined in the manner provided in a Board
Resolution, supplemental indenture hereto or Officer’s Certificate:

 

2.2.1
the title (which shall distinguish the Securities of that particular Series from the Securities of any other Series) and ranking (including
the terms of any subordination provisions) of the Series;

 

    	4

     

    

 

2.2.2
the price or prices (expressed as a percentage of the principal amount thereof) at which the Securities of the Series will be issued;

 

2.2.3
any limit upon the aggregate principal amount of the Securities of the Series which may be authenticated and delivered under this Indenture
(except for Securities authenticated and delivered upon registration of transfer of, or in exchange for, or in lieu of, other Securities
of the Series pursuant to Section 2.7, 2.8, 2.11, 3.6 or 9.6);

 

2.2.4
the date or dates on which the principal of the Securities of the Series is payable;

 

2.2.5
the rate or rates (which may be fixed or variable) per annum or, if applicable, the method used to determine such rate or rates (including,
but not limited to, any commodity, commodity index, stock exchange index or financial index) at which the Securities of the Series shall
bear interest, if any, the date or dates from which such interest, if any, shall accrue, the date or dates on which such interest, if
any, shall commence and be payable and any regular record date for the interest payable on any interest payment date;

 

2.2.6
the place or places where the principal of and interest, if any, on the Securities of the Series shall be payable, where the Securities
of such Series may be surrendered for registration of transfer or exchange and where notices and demands to or upon the Company in respect
of the Securities of such Series and this Indenture may be delivered, and the method of such payment, if by wire transfer, mail or other
means;

 

2.2.7
if applicable, the period or periods within which, the price or prices at which and the terms and conditions upon which the Securities
of the Series may be redeemed, in whole or in part, at the option of the Company;

 

2.2.8
the obligation, if any, of the Company to redeem or purchase the Securities of the Series pursuant to any sinking fund or analogous provisions
or at the option of a Holder thereof and the period or periods within which, the price or prices at which and the terms and conditions
upon which Securities of the Series shall be redeemed or purchased, in whole or in part, pursuant to such obligation;

 

2.2.9
the dates, if any, on which and the price or prices at which the Securities of the Series will be repurchased by the Company at the option
of the Holders thereof and other detailed terms and provisions of such repurchase obligations;

 

2.2.10
if other than denominations of $1,000 and any integral multiple thereof, the denominations in which the Securities of the Series shall
be issuable;

 

2.2.11
the forms of the Securities of the Series and whether the Securities will be issuable as Global Securities;

 

2.2.12
if other than the principal amount thereof, the portion of the principal amount of the Securities of the Series that shall be payable
upon declaration of acceleration of the maturity thereof pursuant to Section 6.2;

 

2.2.13
the currency of denomination of the Securities of the Series, which may be Dollars or any Foreign Currency, and if such currency of denomination
is a composite currency, the agency or organization, if any, responsible for overseeing such composite currency;

 

2.2.14
the designation of the currency, currencies or currency units in which payment of the principal of and interest, if any, on the Securities
of the Series will be made;

 

2.2.15
if payments of principal of or interest, if any, on the Securities of the Series are to be made in one or more currencies or currency
units other than that or those in which such Securities are denominated, the manner in which the exchange rate with respect to such payments
will be determined;

 

2.2.16
the manner in which the amounts of payment of principal of or interest, if any, on the Securities of the Series will be determined, if
such amounts may be determined by reference to an index based on a currency or currencies or by reference to a commodity, commodity index,
stock exchange index or financial index;

 

2.2.17
the provisions, if any, relating to any security provided for the Securities of the Series;

 

    	5

     

    

 

2.2.18
any addition to, deletion of or change in the Events of Default which applies to any Securities of the Series and any change in the right
of the Trustee or the requisite Holders of such Securities to declare the principal amount thereof due and payable pursuant to Section
6.2;

 

2.2.19
any addition to, deletion of or change in the covenants set forth in Articles IV or V hereof which applies to Securities of the Series;

 

2.2.20
any Depositaries, interest rate calculation agents, exchange rate calculation agents or other agents with respect to Securities of such
Series if other than those appointed herein;

 

2.2.21
the provisions, if any, relating to conversion or exchange of any Securities of such Series, including if applicable, the conversion
price or exchange price, the conversion or exchange period, provisions as to whether conversion or exchange will be mandatory, at the
option of the Holders thereof or at the option of the Company, the events requiring an adjustment of the conversion price or exchange
price and provisions affecting conversion or exchange if such Series of Securities are redeemed;

 

2.2.22
any other terms of the Securities of the Series (which may supplement, modify or delete any provision of this Indenture insofar as it
applies to such Series), including any terms that may be required under applicable law or regulations or advisable in connection with
the marketing of Securities of that Series; and

 

2.2.23
whether any of the Company’s direct or indirect Subsidiaries will guarantee the Securities of that Series, including the terms
of subordination, if any, of such guarantees.

 

All
Securities of any one Series need not be issued at the same time and may be issued from time to time, consistent with the terms of this
Indenture, if so provided by or pursuant to the Board Resolution, supplemental indenture hereto or Officer’s Certificate referred
to above.

 

Section
2.3 Execution and Authentication.

 

An
Officer shall sign the Securities for the Company by manual or facsimile signature.

 

If
an Officer whose signature is on a Security no longer holds that office at the time the Security is authenticated, the Security shall
nevertheless be valid.

 

A
Security shall not be valid until authenticated by the manual signature of the Trustee or an authenticating agent. The signature shall
be conclusive evidence that the Security has been authenticated under this Indenture.

 

The
Trustee shall at any time, and from time to time, authenticate Securities for original issue in the principal amount provided in the
Board Resolution, supplemental indenture hereto or Officer’s Certificate, upon receipt by the Trustee of a Company Order. Each
Security shall be dated the date of its authentication.

 

The
aggregate principal amount of Securities of any Series outstanding at any time may not exceed any limit upon the maximum principal amount
for such Series set forth in the Board Resolution, supplemental indenture hereto or Officer’s Certificate delivered pursuant to
Section 2.2, except as provided in Section 2.8.

 

Prior
to the issuance of Securities of any Series, the Trustee shall have received and (subject to Section 7.2) shall be fully protected in
relying on: (a) the Board Resolution, supplemental indenture hereto or Officer’s Certificate establishing the form of the Securities
of that Series or of Securities within that Series and the terms of the Securities of that Series or of Securities within that Series,
(b) an Officer’s Certificate complying with Section 10.4, and (c) an Opinion of Counsel complying with Section 10.4.

 

The
Trustee shall have the right to decline to authenticate and deliver any Securities of such Series: (a) if the Trustee, being advised
by counsel, determines that such action may not be taken lawfully; or (b) if the Trustee in good faith by its board of directors or trustees,
executive committee or a trust committee of directors and/or vice presidents or a committee of Responsible Officers shall determine that
such action would expose the Trustee to personal liability to Holders of any then outstanding Series of Securities.

 

    	6

     

    

 

The
Trustee may appoint an authenticating agent acceptable to the Company to authenticate Securities. An authenticating agent may authenticate
Securities whenever the Trustee may do so. Each reference in this Indenture to authentication by the Trustee includes authentication
by such agent. An authenticating agent has the same rights as an Agent to deal with the Company or an Affiliate of the Company.

 

Section
2.4 Registrar and Paying Agent.

 

The
Company shall maintain, with respect to each Series of Securities, at the place or places specified with respect to such Series pursuant
to Section 2.2, an office or agency where Securities of such Series may be presented or surrendered for payment (the “Paying
Agent”), where Securities of such Series may be surrendered for registration of transfer or exchange (the “Registrar”)
and where notices and demands to or upon the Company in respect of the Securities of such Series and this Indenture may be delivered
(the “Notice Agent”). The Registrar shall keep a register with respect to each Series of Securities and to their transfer
and exchange. The Company will give prompt written notice to the Trustee of the name and address, and any change in the name or address,
of each Registrar, Paying Agent or Notice Agent. If at any time the Company shall fail to maintain any such required Registrar, Paying
Agent or Notice Agent or shall fail to furnish the Trustee with the name and address thereof, such presentations, surrenders, notices
and demands may be made or served at the Corporate Trust Office of the Trustee, and the Company hereby appoints the Trustee as its agent
to receive all such presentations, surrenders, notices and demands; provided, however, that any appointment of the Trustee
as the Notice Agent shall exclude the appointment of the Trustee or any office of the Trustee as an agent to receive the service of legal
process on the Company.

 

The
Company may also from time to time designate one or more co-registrars, additional paying agents or additional notice agents and may
from time to time rescind such designations; provided, however, that no such designation or rescission shall in any manner
relieve the Company of its obligations to maintain a Registrar, Paying Agent and Notice Agent in each place so specified pursuant to
Section 2.2 for Securities of any Series for such purposes. The Company will give prompt written notice to the Trustee of any such designation
or rescission and of any change in the name or address of any such co-registrar, additional paying agent or additional notice agent.
The term “Registrar” includes any co-registrar; the term “Paying Agent” includes any additional
paying agent; and the term “Notice Agent” includes any additional notice agent. The Company or any of its Affiliates
may serve as Registrar or Paying Agent.

 

The
Company hereby appoints the Trustee the initial Registrar, Paying Agent and Notice Agent for each Series unless another Registrar, Paying
Agent or Notice Agent, as the case may be, is appointed prior to the time Securities of that Series are first issued.

 

Section
2.5 Paying Agent to Hold Money in Trust.

 

The
Company shall require each Paying Agent other than the Trustee to agree in writing that the Paying Agent will hold in trust, for the
benefit of Securityholders of any Series of Securities, or the Trustee, all money held by the Paying Agent for the payment of principal
of or interest on the Series of Securities, and will notify the Trustee in writing of any default by the Company in making any such payment.
While any such default continues, the Trustee may require a Paying Agent to pay all money held by it to the Trustee. The Company at any
time may require a Paying Agent to pay all money held by it to the Trustee. Upon payment over to the Trustee, the Paying Agent (if other
than the Company or a Subsidiary of the Company) shall have no further liability for the money. If the Company or a Subsidiary of the
Company acts as Paying Agent, it shall segregate and hold in a separate trust fund for the benefit of Securityholders of any Series of
Securities all money held by it as Paying Agent. Upon any bankruptcy, reorganization or similar proceeding with respect to the Company,
the Trustee shall serve as Paying Agent for the Securities.

 

Section
2.6 Securityholder Lists.

 

The
Trustee shall preserve in as current a form as is reasonably practicable the most recent list available to it of the names and addresses
of Securityholders of each Series of Securities and shall otherwise comply with TIA § 312(a). If the Trustee is not the Registrar,
the Company shall furnish to the Trustee at least ten days before each interest payment date and at such other times as the Trustee may
request in writing a list, in such form and as of such date as the Trustee may reasonably require, of the names and addresses of Securityholders
of each Series of Securities.

 

    	7

     

    

 

Section
2.7 Transfer and Exchange.

 

Where
Securities of a Series are presented to the Registrar or a co-registrar with a request to register a transfer or to exchange them for
an equal principal amount of Securities of the same Series, the Registrar shall register the transfer or make the exchange if its requirements
for such transactions are met. To permit registrations of transfers and exchanges, the Trustee shall authenticate Securities at the Registrar’s
request. No service charge shall be made for any registration of transfer or exchange (except as otherwise expressly permitted herein),
but the Company may require payment of a sum sufficient to cover any transfer tax or similar governmental charge payable in connection
therewith (other than any such transfer tax or similar governmental charge payable upon exchanges pursuant to Sections 2.11, 3.6 or 9.6).

 

Neither
the Company nor the Registrar shall be required (a) to issue, register the transfer of, or exchange Securities of any Series for the
period beginning at the opening of business fifteen days immediately preceding the sending of a notice of redemption of Securities of
that Series selected for redemption and ending at the close of business on the day such notice is sent, or (b) to register the transfer
of or exchange Securities of any Series selected, called or being called for redemption as a whole or the portion being redeemed of any
such Securities selected, called or being called for redemption in part.

 

Section
2.8 Mutilated, Destroyed, Lost and Stolen Securities.

 

If
any mutilated Security is surrendered to the Trustee, the Company shall execute and the Trustee shall authenticate and deliver in exchange
therefor a new Security of the same Series and of like tenor and principal amount and bearing a number not contemporaneously outstanding.

 

If
there shall be delivered to the Company and the Trustee (i) evidence to their satisfaction of the destruction, loss or theft of any Security
and (ii) such security or indemnity bond as may be required by each of them to hold itself and any of its agents harmless, then, in the
absence of notice to the Company or the Trustee that such Security has been acquired by a bona fide purchaser, the Company shall execute
and upon receipt of a Company Order the Trustee shall authenticate and make available for delivery, in lieu of any such destroyed, lost
or stolen Security, a new Security of the same Series and of like tenor and principal amount and bearing a number not contemporaneously
outstanding.

 

In
case any such mutilated, destroyed, lost or stolen Security has become or is about to become due and payable, the Company in its discretion
may, instead of issuing a new Security, pay such Security.

 

Upon
the issuance of any new Security under this Section, the Company may require the payment of a sum sufficient to cover any tax or other
governmental charge that may be imposed in relation thereto and any other expenses (including the fees and expenses of the Trustee) connected
therewith.

 

Every
new Security of any Series issued pursuant to this Section in lieu of any destroyed, lost or stolen Security shall constitute an original
additional contractual obligation of the Company, whether or not the destroyed, lost or stolen Security shall be at any time enforceable
by anyone, and shall be entitled to all the benefits of this Indenture equally and proportionately with any and all other Securities
of that Series duly issued hereunder.

 

The
provisions of this Section are exclusive and shall preclude (to the extent lawful) all other rights and remedies with respect to the
replacement or payment of mutilated, destroyed, lost or stolen Securities.

 

Section
2.9 Outstanding Securities.

 

The
Securities outstanding at any time are all the Securities authenticated by the Trustee except for those canceled by it, those delivered
to it for cancellation, those reductions in the interest on a Global Security effected by the Trustee in accordance with the provisions
hereof and those described in this Section as not outstanding.

 

If
a Security is replaced pursuant to Section 2.8, it ceases to be outstanding until the Trustee receives proof satisfactory to it that
the replaced Security is held by a bona fide purchaser.

 

    	8

     

    

 

If
the Paying Agent (other than the Company, a Subsidiary of the Company or an Affiliate of the Company) holds on the Maturity of Securities
of a Series money sufficient to pay such Securities payable on that date, then on and after that date such Securities of the Series cease
to be outstanding and interest on them ceases to accrue.

 

The
Company may purchase or otherwise acquire the Securities, whether by open market purchases, negotiated transactions or otherwise. A Security
does not cease to be outstanding because the Company or an Affiliate of the Company holds the Security (but see Section 2.10 below).

 

In
determining whether the Holders of the requisite principal amount of outstanding Securities have given any request, demand, authorization,
direction, notice, consent or waiver hereunder, the principal amount of a Discount Security that shall be deemed to be outstanding for
such purposes shall be the amount of the principal thereof that would be due and payable as of the date of such determination upon a
declaration of acceleration of the Maturity thereof pursuant to Section 6.2.

 

Section
2.10 Treasury Securities.

 

In
determining whether the Holders of the required principal amount of Securities of a Series have concurred in any request, demand, authorization,
direction, notice, consent or waiver, Securities of a Series owned by the Company or any Affiliate of the Company shall be disregarded,
except that for the purposes of determining whether the Trustee shall be protected in relying on any such request, demand, authorization,
direction, notice, consent or waiver only Securities of a Series that a Responsible Officer of the Trustee knows are so owned shall be
so disregarded.

 

Section
2.11 Temporary Securities.

 

Until
definitive Securities are ready for delivery, the Company may prepare and the Trustee shall authenticate temporary Securities upon a
Company Order. Temporary Securities shall be substantially in the form of definitive Securities but may have variations that the Company
considers appropriate for temporary Securities. Without unreasonable delay, the Company shall prepare and the Trustee upon receipt of
a Company Order shall authenticate definitive Securities of the same Series and date of maturity in exchange for temporary Securities.
Until so exchanged, temporary securities shall have the same rights under this Indenture as the definitive Securities.

 

Section
2.12 Cancellation.

 

The
Company at any time may deliver Securities to the Trustee for cancellation. The Registrar and the Paying Agent shall forward to the Trustee
any Securities surrendered to them for registration of transfer, exchange or payment. The Trustee shall cancel all Securities surrendered
for transfer, exchange, payment, replacement or cancellation and shall destroy such canceled Securities (subject to the record retention
requirement of the Exchange Act and the Trustee) and deliver a certificate of such cancellation to the Company upon written request of
the Company. The Company may not issue new Securities to replace Securities that it has paid or delivered to the Trustee for cancellation.

 

Section
2.13 Defaulted Interest.

 

If
the Company defaults in a payment of interest on a Series of Securities, it shall pay the defaulted interest, plus, to the extent permitted
by law, any interest payable on the defaulted interest, to the persons who are Securityholders of the Series on a subsequent special
record date. The Company shall fix the record date and payment date. At least 10 days before the special record date, the Company shall
send to the Trustee and to each Securityholder of the Series a notice that states the special record date, the payment date and the amount
of interest to be paid. The Company may pay defaulted interest in any other lawful manner.

 

Section
2.14 Global Securities.

 

2.14.1
Terms of Securities. A Board Resolution, a supplemental indenture hereto or an Officer’s Certificate shall establish whether
the Securities of a Series shall be issued in whole or in part in the form of one or more Global Securities and the Depositary for such
Global Security or Securities.

 

    	9

     

    

 

2.14.2
Transfer and Exchange. Notwithstanding any provisions to the contrary contained in Section 2.7 of this Indenture and in addition
thereto, any Global Security shall be exchangeable pursuant to Section 2.7 of this Indenture for Securities registered in the names of
Holders other than the Depositary for such Security or its nominee only if (i) such Depositary notifies the Company that it is unwilling
or unable to continue as Depositary for such Global Security or if at any time such Depositary ceases to be a clearing agency registered
under the Exchange Act, and, in either case, the Company fails to appoint a successor Depositary registered as a clearing agency under
the Exchange Act within 90 days of such event or (ii) the Company executes and delivers to the Trustee an Officer’s Certificate
to the effect that such Global Security shall be so exchangeable. Any Global Security that is exchangeable pursuant to the preceding
sentence shall be exchangeable for Securities registered in such names as the Depositary shall direct in writing in an aggregate principal
amount equal to the principal amount of the Global Security with like tenor and terms.

 

Except
as provided in this Section 2.14.2, a Global Security may not be transferred except as a whole by the Depositary with respect to such
Global Security to a nominee of such Depositary, by a nominee of such Depositary to such Depositary or another nominee of such Depositary
or by the Depositary or any such nominee to a successor Depositary or a nominee of such a successor Depositary.

 

2.14.3
Legends. Any Global Security issued hereunder shall bear a legend in substantially the following form:

 

“THIS
SECURITY IS A GLOBAL SECURITY WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF THE DEPOSITARY
OR A NOMINEE OF THE DEPOSITARY. THIS SECURITY IS EXCHANGEABLE FOR SECURITIES REGISTERED IN THE NAME OF A PERSON OTHER THAN THE DEPOSITARY
OR ITS NOMINEE ONLY IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE, AND MAY NOT BE TRANSFERRED EXCEPT AS A WHOLE BY THE DEPOSITARY
TO A NOMINEE OF THE DEPOSITARY, BY A NOMINEE OF THE DEPOSITARY TO THE DEPOSITARY OR ANOTHER NOMINEE OF THE DEPOSITARY OR BY THE DEPOSITARY
OR ANY SUCH NOMINEE TO A SUCCESSOR DEPOSITARY OR A NOMINEE OF SUCH A SUCCESSOR DEPOSITARY.”

 

In
addition, so long as the Depository Trust Company (“DTC”) is the Depositary, each Global Security registered in the name
of DTC or its nominee shall bear a legend in substantially the following form:

 

“UNLESS
THIS GLOBAL SECURITY IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”),
TO THE COMPANY OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY GLOBAL SECURITY ISSUED IS REGISTERED IN THE NAME
OF CEDE & CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE &
CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE
OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.”

 

2.14.4
Acts of Holders. The Depositary, as a Holder, may appoint agents and otherwise authorize participants to give or take any request,
demand, authorization, direction, notice, consent, waiver or other action which a Holder is entitled to give or take under this Indenture.

 

2.14.5
Payments. Notwithstanding the other provisions of this Indenture, unless otherwise specified as contemplated by Section 2.2, payment
of the principal of and interest, if any, on any Global Security shall be made to the Holder thereof.

 

2.14.6
Consents, Declaration and Directions. The Company, the Trustee and any Agent shall treat a person as the Holder of such principal
amount of outstanding Securities of such Series represented by a Global Security as shall be specified in a written statement of the
Depositary or by the applicable procedures of such Depositary with respect to such Global Security, for purposes of obtaining any consents,
declarations, waivers or directions required to be given by the Holders pursuant to this Indenture.

 

    	10

     

    

 

Section
2.15 CUSIP Numbers.

 

The
Company in issuing the Securities may use “CUSIP” numbers (if then generally in use), and, if so, the Trustee shall use “CUSIP”
numbers in notices of redemption as a convenience to Holders; provided that any such notice may state that no representation is made
as to the correctness of such numbers either as printed on the Securities or as contained in any notice of a redemption and that reliance
may be placed only on the other elements of identification printed on the Securities, and any such redemption shall not be affected by
any defect in or omission of such numbers.

 

ARTICLE
III

REDEMPTION

 

Section
3.1 Notice to Trustee.

 

The
Company may, with respect to any Series of Securities, reserve the right to redeem and pay the Series of Securities or may covenant to
redeem and pay the Series of Securities or any part thereof prior to the Stated Maturity thereof at such time and on such terms as provided
for in such Securities. If a Series of Securities is redeemable and the Company wants or is obligated to redeem prior to the Stated Maturity
thereof all or part of the Series of Securities pursuant to the terms of such Securities, it shall notify the Trustee in writing of the
redemption date and the principal amount of Series of Securities to be redeemed. The Company shall give the notice at least 15 days before
the redemption date, unless a shorter period is satisfactory to the Trustee.

 

Section
3.2 Selection of Securities to be Redeemed.

 

Unless
otherwise indicated for a particular Series by a Board Resolution, a supplemental indenture hereto or an Officer’s Certificate,
if less than all the Securities of a Series are to be redeemed, the Securities of the Series to be redeemed will be selected as follows:
(a) if the Securities are in the form of Global Securities, in accordance with the procedures of the Depositary, (b) if the Securities
are listed on any national securities exchange, in compliance with the requirements of the principal national securities exchange, if
any, on which the Securities are listed, or (c) if not otherwise provided for under clause (a) or (b) in the manner that the Trustee
deems fair and appropriate, including by lot or other method, unless otherwise required by law or applicable stock exchange requirements,
subject, in the case of Global Securities, to the applicable rules and procedures of the Depositary. The Securities to be redeemed shall
be selected from Securities of the Series outstanding not previously called for redemption. Portions of the principal of Securities of
the Series that have denominations larger than $1,000 may be selected for redemption. Securities of the Series and portions of them it
selected for redemption shall be in amounts of $1,000 or whole multiples of $1,000 or, with respect to Securities of any Series issuable
in other denominations pursuant to Section 2.2.10, the minimum principal denomination for each Series and the authorized integral multiples
thereof. Provisions of this Indenture that apply to Securities of a Series called for redemption also apply to portions of Securities
of that Series called for redemption.

 

Section
3.3 Notice of Redemption.

 

Unless
otherwise indicated for a particular Series by Board Resolution, a supplemental indenture hereto or an Officer’s Certificate, at
least 15 days but not more than 60 days before a redemption date, the Company shall send or cause to be sent by first- class mail or
electronically, in accordance with the procedures of the Depositary, a notice of redemption to each Holder whose Securities are to be
redeemed.

 

The
notice shall identify the Securities of the Series to be redeemed and shall state:

 

(a)
the redemption date;

 

(b)
the redemption price;

 

(c)
the name and address of the Paying Agent;

 

(d)
if any Securities are being redeemed in part, the portion of the principal amount of such Securities to be redeemed and that, after the
redemption date and upon surrender of such Security, a new Security or Securities in principal amount equal to the unredeemed portion
of the original Security shall be issued in the name of the Holder thereof upon cancellation of the original Security;

 

    	11

     

    

 

(e)
that Securities of the Series called for redemption must be surrendered to the Paying Agent to collect the

redemption
price;

 

(f)
that interest on Securities of the Series called for redemption ceases to accrue on and after the redemption date unless the Company
defaults in the deposit of the redemption price;

 

(g)
the CUSIP number, if any; and

 

(h)
any other information as may be required by the terms of the particular Series or the Securities of a Series being
redeemed.

 

At
the Company’s request, the Trustee shall give the notice of redemption in the Company’s name and at its expense, provided,
however, that the Company has delivered to the Trustee, at least 10 days (unless a shorter time shall be acceptable to the Trustee) prior
to the notice date, an Officer’s Certificate requesting that the Trustee give such notice and setting forth the information to
be stated in such notice.

 

Section
3.4 Effect of Notice of Redemption.

 

Once
notice of redemption is sent as provided in Section 3.3, Securities of a Series called for redemption become due and payable on the redemption
date and at the redemption price. Except as otherwise provided in the supplemental indenture hereto, Board Resolution or Officer’s
Certificate for a Series of Securities, a notice of redemption pertaining to such Series may not be conditional. Upon surrender to the
Paying Agent, such Securities shall be paid at the redemption price plus accrued interest to the redemption date.

 

Section
3.5 Deposit of Redemption Price.

 

On
or before 11:00 a.m., New York City time, on the redemption date, the Company shall deposit with the Paying Agent money sufficient to
pay the redemption price of and accrued interest, if any, on all Securities to be redeemed on that date.

 

Section
3.6 Securities Redeemed in Part.

 

Upon
surrender of a Security that is redeemed in part, the Trustee shall authenticate for the Holder a new Security of the same Series and
the same maturity equal in principal amount to the unredeemed portion of the Security surrendered.

 

ARTICLE
IV

COVENANTS

 

Section
4.1 Payment of Principal and Interest.

 

The
Company covenants and agrees for the benefit of the Holders of each Series of Securities that it will duly and punctually pay the principal
of and interest, if any, on the Securities of that Series in accordance with the terms of such Securities and this Indenture. On or before
11:00 a.m., New York City time, on the applicable payment date, the Company shall deposit with the Paying Agent money sufficient to pay
the principal of and interest, if any, on the Securities of each Series in accordance with the terms of such Securities and this Indenture.

 

Section
4.2 SEC Reports.

 

To
the extent any Securities of a Series are outstanding, the Company shall deliver to the Trustee within 15 days after it files them with
the SEC copies of the annual reports and of the information, documents, and other reports (or copies of such portions of any of the foregoing
as the SEC may by rules and regulations prescribe) which the Company is required to file with the SEC pursuant to Section 13 or 15(d)
of the Exchange Act. The Company also shall comply with the other provisions of TIA § 314(a). Reports, information and documents
filed with the SEC via the EDGAR system will be deemed to be delivered to the Trustee as of the time of such filing via EDGAR for purposes
of this Section 4.2.

 

    	12

     

    

 

Delivery
of reports, information and documents to the Trustee under this Section 4.2 are for informational purposes only and the Trustee’s
receipt of the foregoing shall not constitute constructive or actual notice of any information contained therein or determinable from
information contained therein, including the Company’s compliance with any of their covenants hereunder (as to which the Trustee
is entitled to rely exclusively on Officer’s Certificates).

 

Section
4.3 Compliance Certificate.

 

To
the extent any Securities of a Series are outstanding, the Company shall deliver to the Trustee, within 120 days after the end of each
fiscal year of the Company, an Officer’s Certificate stating that a review of the activities of the Company and its Subsidiaries
during the preceding fiscal year has been made under the supervision of the signing Officers with a view to determining whether the Company
has kept, observed, performed and fulfilled its obligations under this Indenture, and further stating, as to each such Officer signing
such certificate, that to the best of his/her knowledge the Company has kept, observed, performed and fulfilled each and every covenant
contained in this Indenture and is not in default in the performance or observance of any of the terms, provisions and conditions hereof
(or, if a Default or Event of Default shall have occurred, describing all such Defaults or Events of Default of which the Officer may
have knowledge).

 

Section
4.4 Stay, Extension and Usury Laws.

 

The
Company covenants (to the extent that it may lawfully do so) that it will not at any time insist upon, plead, or in any manner whatsoever
claim or take the benefit or advantage of, any stay, extension or usury law wherever enacted, now or at any time hereafter in force,
which may affect the covenants or the performance of this Indenture or the Securities; and the Company (to the extent it may lawfully
do so) hereby expressly waives all benefit or advantage of any such law and covenants that it will not, by resort to any such law, hinder,
delay or impede the execution of any power herein granted to the Trustee, but will suffer and permit the execution of every such power
as though no such law has been enacted.

 

ARTICLE
V

SUCCESSORS

 

Section
5.1 When Company May Merge, Etc.

 

The
Company shall not consolidate with or merge with or into, or convey, transfer or lease all or substantially all of its properties and
assets to, any person (a “successor person”) unless:

 

(a)
the Company is the surviving corporation or the successor person (if other than the Company) is a corporation organized and validly existing
under the laws of any U.S. domestic jurisdiction and expressly assumes the Company’s obligations on the Securities and under this
Indenture; and

 

(b)
immediately after giving effect to the transaction, no Default or Event of Default, shall have occurred and be
continuing.

 

The
Company shall deliver to the Trustee prior to the consummation of the proposed transaction an Officer’s Certificate to the foregoing
effect and an Opinion of Counsel stating that the proposed transaction and any supplemental indenture hereto comply with this Indenture.

 

Notwithstanding
the above, any Subsidiary of the Company may consolidate with, merge into or transfer all or part of its properties to the Company. Neither
an Officer’s Certificate nor an Opinion of Counsel shall be required to be delivered in connection therewith.

 

    	13

     

    

 

Section
5.2 Successor Corporation Substituted.

 

Upon
any consolidation or merger, or any sale, lease, conveyance or other disposition of all or substantially all of the assets of the Company
in accordance with Section 5.1, the successor corporation formed by such consolidation or into or with which the Company is merged or
to which such sale, lease, conveyance or other disposition is made shall succeed to, and be substituted for, and may exercise every right
and power of, the Company under this Indenture with the same effect as if such successor person has been named as the Company herein;
provided, however, that the predecessor Company in the case of a sale, conveyance or other disposition (other than a lease)
shall be released from all obligations and covenants under this Indenture and the Securities.

 

ARTICLE
VI 

DEFAULTS AND REMEDIES

 

Section
6.1 Events of Default.

 

“Event
of Default,” wherever used herein with respect to Securities of any Series, means any one of the following events, unless in
the establishing Board Resolution, supplemental indenture hereto or Officer’s Certificate, it is provided that such Series shall
not have the benefit of said Event of Default:

 

(a)
default in the payment of any interest on any Security of that Series when it becomes due and payable, and continuance of such default
for a period of 30 days (unless the entire amount of such payment is deposited by the Company with the Trustee or with a Paying Agent
prior to 11:00 a.m., New York City time, on the 30th day of such period); or

 

(b)
default in the payment of principal of any Security of that Series at its Maturity; or

 

(c)
default in the performance or breach of any covenant or warranty of the Company in this Indenture (other than defaults pursuant to paragraphs
(a) or (b) above or pursuant to a covenant or warranty that has been included in this Indenture solely for the benefit of Series of Securities
other than that Series), which default continues uncured for a period of 60 days after there has been given, by registered or certified
mail, to the Company by the Trustee or to the Company and the Trustee by the Holders of at least 25% in principal amount of the outstanding
Securities of that Series a written notice specifying such default or breach and requiring it to be remedied and stating that such notice
is a “Notice of Default” hereunder; or

 

(d)
the Company pursuant to or within the meaning of any Bankruptcy Law:

 

(i)
commences a voluntary case,

 

(ii)
consents to the entry of an order for relief against it in an involuntary case,

 

(iii)
consents to the appointment of a Custodian of it or for all or substantially all of its property,

 

(iv)
makes a general assignment for the benefit of its creditors, or

 

(v)
generally is unable to pay its debts as the same become due; or

 

(e)
a court of competent jurisdiction enters an order or decree under any Bankruptcy Law that:

 

(i)
is for relief against the Company in an involuntary case,

 

(ii)
appoints a Custodian of the Company or for all or substantially all of its property, or

 

(iii)
orders the liquidation of the Company, and the order or decree remains unstayed and in effect for 60 days; or

 

(f)
any other Event of Default provided with respect to Securities of that Series, which is specified in a Board Resolution, a supplemental
indenture hereto or an Officer’s Certificate, in accordance with Section 2.2.18.

 

    	14

     

    

 

The
term “Bankruptcy Law” means title 11, U.S. Code or any similar Federal or State law for the relief of debtors. The
term “Custodian” means any receiver, trustee, assignee, liquidator or similar official under any Bankruptcy Law. The
Company will provide the Trustee written notice of any Default or Event of Default within 30 days of becoming aware of the occurrence
of such Default or Event of Default, which notice will describe in reasonable detail the status of such Default or Event of Default and
what action the Company is taking or proposes to take in respect thereof.

 

Section 6.2 Acceleration
of Maturity; Rescission and Annulment.

 

If
an Event of Default with respect to Securities of any Series at the time outstanding occurs and is continuing (other than an Event of
Default referred to in Section 6.1(d) or (e)) then in every such case the Trustee or the Holders of not less than 25% in principal amount
of the outstanding Securities of that Series may declare the principal amount (or, if any Securities of that Series are Discount Securities,
such portion of the principal amount as may be specified in the terms of such Securities) of and accrued and unpaid interest, if any,
on all of the Securities of that Series to be due and payable immediately, by a notice in writing to the Company (and to the Trustee
if given by Holders), and upon any such declaration such principal amount (or specified amount) and accrued and unpaid interest, if any,
shall become immediately due and payable. If an Event of Default specified in Section 6.1(d) or (e) shall occur, the principal amount
(or specified amount) of and accrued and unpaid interest, if any, on all outstanding Securities shall ipso facto become and be
immediately due and payable without any declaration or other act on the part of the Trustee or any Holder.

 

At
any time after such a declaration of acceleration with respect to any Series has been made and before a judgment or decree for payment
of the money due has been obtained by the Trustee as hereinafter in this Article provided, the Holders of a majority in principal amount
of the outstanding Securities of that Series, by written notice to the Company and the Trustee, may rescind and annul such declaration
and its consequences if all Events of Default with respect to Securities of that Series, other than the non-payment of the principal
and interest, if any, of Securities of that Series which have become due solely by such declaration of acceleration, have been cured
or waived as provided in Section 6.13.

 

No
such rescission shall affect any subsequent Default or impair any right consequent thereon.

 

Section
6.3 Collection of Indebtedness and Suits for Enforcement by Trustee.

 

The
Company covenants that if

 

(a)
default is made in the payment of any interest on any Security when such interest becomes due and payable and such default continues
for a period of 30 days, or

 

(b)
default is made in the payment of principal of any Security at the Maturity thereof, or

 

(c)
default is made in the deposit of any sinking fund payment, if any, when and as due by the terms of a Security,

 

then,
the Company will, upon demand of the Trustee, pay to it, for the benefit of the Holders of such Securities, the whole amount then
due and payable on such Securities for principal and interest and, to the extent that payment of such interest shall be legally enforceable,
interest on any overdue principal and any overdue interest at the rate or rates prescribed therefor in such Securities, and, in addition
thereto, such further amount as shall be sufficient to cover the costs and expenses of collection, including the compensation, reasonable
expenses, disbursements and advances of the Trustee, its agents and counsel.

 

If
the Company fails to pay such amounts forthwith upon such demand, the Trustee, in its own name and as trustee of an express trust, may
institute a judicial proceeding for the collection of the sums so due and unpaid, may prosecute such proceeding to judgment or final
decree and may enforce the same against the Company or any other obligor upon such Securities and collect the moneys adjudged or deemed
to be payable in the manner provided by law out of the property of the Company or any other obligor upon such Securities, wherever situated.

 

    	15

     

    

 

If
an Event of Default with respect to any Securities of any Series occurs and is continuing, the Trustee may in its discretion proceed
to protect and enforce its rights and the rights of the Holders of Securities of such Series by such appropriate judicial proceedings
as the Trustee shall deem most effectual to protect and enforce any such rights, whether for the specific enforcement of any covenant
or agreement in this Indenture or in aid of the exercise of any power granted herein, or to enforce any other proper remedy.

 

Section
6.4 Trustee May File Proofs of Claim.

 

In
case of the pendency of any receivership, insolvency, liquidation, bankruptcy, reorganization, arrangement, adjustment, composition or
other judicial proceeding relative to the Company or any other obligor upon the Securities or the property of the Company or of such
other obligor or their creditors, the Trustee (irrespective of whether the principal of the Securities shall then be due and payable
as therein expressed or by declaration or otherwise and irrespective of whether the Trustee shall have made any demand on the Company
for the payment of overdue principal or interest) shall be entitled and empowered, by intervention in such proceeding or otherwise,

 

(a)
to file and prove a claim for the whole amount of principal and interest owing and unpaid in respect of the Securities and to file such
other papers or documents as may be necessary or advisable in order to have the claims of the Trustee (including any claim for the compensation,
reasonable expenses, disbursements and advances of the Trustee, its agents and counsel) and of the Holders allowed in such judicial proceeding,
and

 

(b)
to collect and receive any moneys or other property payable or deliverable on any such claims and to distribute the same, and any custodian,
receiver, assignee, trustee, liquidator, sequestrator or other similar official in any such judicial proceeding is hereby authorized
by each Holder to make such payments to the Trustee and, in the event that the Trustee shall consent to the making of such payments directly
to the Holders, to pay to the Trustee any amount due it for the compensation, reasonable expenses, disbursements and advances of the
Trustee, its agents and counsel, and any other amounts due the Trustee under Section 7.7.

 

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

 

Section
6.5 Trustee May Enforce Claims Without Possession of Securities.

 

All
rights of action and claims under this Indenture or the Securities may be prosecuted and enforced by the Trustee without the possession
of any of the Securities or the production thereof in any proceeding relating thereto, and any such proceeding instituted by the Trustee
shall be brought in its own name as trustee of an express trust, and any recovery of judgment shall, after provision for the payment
of the compensation, reasonable expenses, disbursements and advances of the Trustee, its agents and counsel, be for the ratable benefit
of the Holders of the Securities in respect of which such judgment has been recovered.

 

Section
6.6 Application of Money Collected.

 

Any
money or property collected by the Trustee pursuant to this Article shall be applied in the following order, at the date or dates fixed
by the Trustee and, in case of the distribution of such money or property on account of principal or interest, upon presentation of the
Securities and the notation thereon of the payment if only partially paid and upon surrender thereof if fully paid:

 

First:
To the payment of all amounts due the Trustee under Section 7.7; and

 

Second:
To the payment of the amounts then due and unpaid for principal of and interest on the Securities in respect of which or for the benefit
of which such money has been collected, ratably, without preference or priority of any kind, according to the amounts due and payable
on such Securities for principal and interest, respectively; and

 

Third:
To the Company.

 

    	16

     

    

 

Section
6.7 Limitation on Suits.

 

No
Holder of any Security of any Series shall have any right to institute any proceeding, judicial or otherwise, with respect to this Indenture,
or for the appointment of a receiver or trustee, or for any other remedy hereunder, unless

 

(a)
such Holder has previously given written notice to the Trustee of a continuing Event of Default with respect to the Securities of that
Series;

 

(b)
the Holders of not less than 25% in principal amount of the outstanding Securities of that Series shall have made written request to
the Trustee to institute proceedings in respect of such Event of Default in its own name as Trustee hereunder;

 

(c)
such Holder or Holders have offered to the Trustee indemnity or security satisfactory to the Trustee against the costs, expenses and
liabilities which might be incurred by the Trustee in compliance with such request;

 

(d)
the Trustee for 60 days after its receipt of such notice, request and offer of indemnity has failed to institute any such proceeding;
and

 

(e)
no direction inconsistent with such written request has been given to the Trustee during such 60-day period by the Holders of a majority
in principal amount of the outstanding Securities of that Series;

 

it
being understood, intended and expressly covenanted by the Holder of every Security with every other Holder and the Trustee that no one
or more of such Holders shall have any right in any manner whatever by virtue of, or by availing of, any provision of this Indenture
to affect, disturb or prejudice the rights of any other of such Holders, or to obtain or to seek to obtain priority or preference over
any other of such Holders or to enforce any right under this Indenture, except in the manner herein provided and for the equal and ratable
benefit of all such Holders of the applicable Series.

 

Section
6.8 Unconditional Right of Holders to Receive Principal and Interest.

 

Notwithstanding
any other provision in this Indenture, the Holder of any Security shall have the right, which is absolute and unconditional, to receive
payment of the principal of and interest, if any, on such Security on the Maturity of such Security, including the Stated Maturity expressed
in such Security (or, in the case of redemption, on the redemption date) and to institute suit for the enforcement of any such payment,
and such rights shall not be impaired without the consent of such Holder.

 

Section
6.9 Restoration of Rights and Remedies.

 

If
the Trustee or any Holder has instituted any proceeding to enforce any right or remedy under this Indenture and such proceeding has been
discontinued or abandoned for any reason, or has been determined adversely to the Trustee or to such Holder, then and in every such case,
subject to any determination in such proceeding, the Company, the Trustee and the Holders shall be restored severally and respectively
to their former positions hereunder and thereafter all rights and remedies of the Trustee and the Holders shall continue as though no
such proceeding had been instituted.

 

Section
6.10 Rights and Remedies Cumulative.

 

Except
as otherwise provided with respect to the replacement or payment of mutilated, destroyed, lost or stolen Securities in Section 2.8, no
right or remedy herein conferred upon or reserved to the Trustee or to the Holders is intended to be exclusive of any other right or
remedy, and every right and remedy shall, to the extent permitted by law, be cumulative and in addition to every other right and remedy
given hereunder or now or hereafter existing at law or in equity or otherwise. The assertion or employment of any right or remedy hereunder,
or otherwise, shall not, to the extent permitted by law, prevent the concurrent assertion or employment of any other appropriate right
or remedy.

 

    	17

     

    

 

Section
6.11 Delay or Omission Not Waiver.

 

No
delay or omission of the Trustee or of any Holder of any Securities to exercise any right or remedy accruing upon any Event of Default
shall impair any such right or remedy or constitute a waiver of any such Event of Default or an acquiescence therein. Every right and
remedy given by this Article or by law to the Trustee or to the Holders may be exercised from time to time, and as often as may be deemed
expedient, by the Trustee or by the Holders, as the case may be.

 

Section
6.12 Control by Holders.

 

The
Holders of a majority in principal amount of the outstanding Securities of any Series shall have the right to direct the time, method
and place of conducting any proceeding for any remedy available to the Trustee, or exercising any trust or power conferred on the Trustee,
with respect to the Securities of such Series, provided that

 

(a)
such direction shall not be in conflict with any rule of law or with this Indenture,

 

(b)
the Trustee may take any other action deemed proper by the Trustee which is not inconsistent with such direction,

 

(c)
subject to the provisions of Section 7.1, the Trustee shall have the right to decline to follow any such direction if the Trustee in
good faith shall, by a Responsible Officer of the Trustee, determine that the proceeding so directed would involve the Trustee in personal
liability, and

 

(d)
prior to taking any action as directed under this Section 6.12, the Trustee shall be entitled to indemnity satisfactory to it against
the costs, expenses and liabilities which might be incurred by it in compliance with such request or direction.

 

Section
6.13 Waiver of Past Defaults.

 

The
Holders of not less than a majority in principal amount of the outstanding Securities of any Series may on behalf of the Holders of all
the Securities of such Series, by written notice to the Trustee and the Company, waive any past Default hereunder with respect to such
Series and its consequences, except a Default in the payment of the principal of or interest on any Security of such Series (provided,
however, that the Holders of a majority in principal amount of the outstanding Securities of any Series may rescind an acceleration and
its consequences, including any related payment default that resulted from such acceleration). Upon any such waiver, such Default shall
cease to exist, and any Event of Default arising therefrom shall be deemed to have been cured, for every purpose of this Indenture; but
no such waiver shall extend to any subsequent or other Default or impair any right consequent thereon.

 

Section
6.14 Undertaking for Costs.

 

All
parties to this Indenture agree, and each Holder of any Security by his acceptance thereof shall be deemed to have agreed, that any court
may in its discretion require, in any suit for the enforcement of any right or remedy under this Indenture, or in any suit against the
Trustee for any action taken, suffered or omitted by it as Trustee, the filing by any party litigant in such suit of an undertaking to
pay the costs of such suit, and that such court may in its discretion assess reasonable costs, including reasonable attorneys’
fees, against any party litigant in such suit, having due regard to the merits and good faith of the claims or defenses made by such
party litigant; but the provisions of this Section shall not apply to any suit instituted by the Company, to any suit instituted by the
Trustee, to any suit instituted by any Holder, or group of Holders, holding in the aggregate more than 10% in principal amount of the
outstanding Securities of any Series, or to any suit instituted by any Holder for the enforcement of the payment of the principal of
or interest on any Security on or after the Maturity of such Security, including the Stated Maturity expressed in such Security (or,
in the case of redemption, on the redemption date).

 

    	18

     

    

 

ARTICLE
VII

TRUSTEE

 

Section
7.1 Duties of Trustee.

 

(a)
If an Event of Default has occurred and is continuing, the Trustee shall exercise the rights and powers vested in it by this Indenture
and use the same degree of care and skill in their exercise as a prudent person would exercise or use under the circumstances in the
conduct of such person’s own affairs.

 

(b)
Except during the continuance of an Event of Default:

 

(i)
The Trustee need perform only those duties that are specifically set forth in this Indenture and no others.

 

(ii)
In the absence of bad faith on its part, the Trustee may conclusively rely, as to the truth of the statements and the correctness of
the opinions expressed therein, upon Officer’s Certificates or Opinions of Counsel furnished to the Trustee and conforming to the
requirements of this Indenture; however, in the case of any such Officer’s Certificates or Opinions of Counsel which by
any provisions hereof are specifically required to be furnished to the Trustee, the Trustee shall examine such Officer’s Certificates
and Opinions of Counsel to determine whether or not they conform to the form requirements of this Indenture.

 

(c)
The Trustee may not be relieved from liability for its own negligent action, its own negligent failure to act or its own willful misconduct,
except that:

 

(i)
This paragraph does not limit the effect of paragraph (b) of this Section.

 

(ii)
The Trustee shall not be liable for any error of judgment made in good faith by a Responsible Officer, unless it is proved that the Trustee
was negligent in ascertaining the pertinent facts.

 

(iii)
The Trustee shall not be liable with respect to any action taken, suffered or omitted to be taken by it with respect to Securities of
any Series in good faith in accordance with the direction of the Holders of a majority in principal amount of the outstanding Securities
of such Series relating to the time, method and place of conducting any proceeding for any remedy available to the Trustee, or exercising
any trust or power conferred upon the Trustee, under this Indenture with respect to the Securities of such Series in accordance with
Section 6.12.

 

(d)
Every provision of this Indenture that in any way relates to the Trustee is subject to paragraph (a), (b) and (c) of this
Section.

 

(e)
The Trustee may refuse to perform any duty or exercise any right or power unless it receives indemnity satisfactory to it against the
costs, expenses and liabilities which might be incurred by it in performing such duty or exercising such right or power.

 

(f)
The Trustee shall not be liable for interest on any money received by it except as the Trustee may agree in writing with the Company.
Money held in trust by the Trustee need not be segregated from other funds except to the extent required by law.

 

(g)
No provision of this Indenture shall require the Trustee to risk its own funds or otherwise incur any financial liability in the performance
of any of its duties, or in the exercise of any of its rights or powers, if adequate indemnity against such risk is not assured to the
Trustee in its satisfaction.

 

(h)
The Paying Agent, the Registrar and any authenticating agent shall be entitled to the protections and immunities as are set forth in
paragraphs (e), (f) and (g) of this Section and in Section 7.2, each with respect to the Trustee.

 

    	19

     

    

 

Section
7.2 Rights of Trustee.

 

(a)
The Trustee may rely on and shall be protected in acting or refraining from acting upon any document (whether in its original or facsimile
form) believed by it to be genuine and to have been signed or presented by the proper person. The Trustee need not investigate any fact
or matter stated in the document.

 

(b)
Before the Trustee acts or refrains from acting, it may require an Officer’s Certificate or an Opinion of Counsel or both. The
Trustee shall not be liable for any action it takes or omits to take in good faith in reliance on such Officer’s Certificate or
Opinion of Counsel.

 

(c)
The Trustee may act through agents and shall not be responsible for the misconduct or negligence of any agent appointed with due care.
No Depositary shall be deemed an agent of the Trustee and the Trustee shall not be responsible for any act or omission by any Depositary.

 

(d)
The Trustee shall not be liable for any action it takes or omits to take in good faith which it believes to be authorized or within its
rights or powers, provided that the Trustee’s conduct does not constitute willful misconduct or negligence.

 

(e)
The Trustee may consult with counsel and the advice of such counsel or any Opinion of Counsel shall be full and complete authorization
and protection in respect of any action taken, suffered or omitted by it hereunder without willful misconduct or negligence, and in reliance
thereon.

 

(f)
The Trustee shall be under no obligation to exercise any of the rights or powers vested in it by this Indenture at the request or direction
of any of the Holders of Securities unless such Holders shall have offered to the Trustee security or indemnity satisfactory to it against
the costs, expenses and liabilities which might be incurred by it in compliance with such request or direction.

 

(g)
The Trustee shall not be bound to make any investigation into the facts or matters stated in any resolution, certificate, statement,
instrument, opinion, report, notice, request, direction, consent, order, bond, debenture, note, other evidence of indebtedness or other
paper or document, but the Trustee, in its discretion, may make such further inquiry or investigation into such facts or matters as it
may see fit.

 

(h)
The Trustee shall not be deemed to have notice of any Default or Event of Default unless a Responsible Officer of the Trustee has actual
knowledge thereof or unless written notice of any event which is in fact such a default is received by the Trustee at the Corporate Trust
Office of the Trustee, and such notice references the Securities generally or the Securities of a particular Series and this Indenture.

 

(i)
In no event shall the Trustee be liable to any person for special, punitive, indirect, consequential or incidental loss or damage of
any kind whatsoever (including but not limited to lost profits), even if the Trustee has been advised of the likelihood of such loss
or damage.

 

(j)
The permissive right of the Trustee to take the actions permitted by this Indenture shall not be construed as an obligation or duty to
do so.

 

Section
7.3 Individual Rights of Trustee.

 

The
Trustee in its individual or any other capacity may become the owner or pledgee of Securities and may otherwise deal with the Company
or an Affiliate of the Company with the same rights it would have if it were not Trustee. Any Agent may do the same with like rights.
The Trustee is also subject to Sections 7.10 and 7.11.

 

Section
7.4 Trustee’s Disclaimer.

 

The
Trustee makes no representation as to the validity or adequacy of this Indenture or the Securities, it shall not be accountable for the
Company’s use of the proceeds from the Securities, and it shall not be responsible for any statement in the Securities other than
its authentication.

 

    	20

     

    

 

Section
7.5 Notice of Defaults.

 

If
a Default or Event of Default occurs and is continuing with respect to the Securities of any Series and if it is known to a Responsible
Officer of the Trustee, the Trustee shall send to each Securityholder of the Securities of that Series notice of a Default or Event of
Default within 90 days after it occurs or, if later, after a Responsible Officer of the Trustee has knowledge of such Default or Event
of Default. Except in the case of a Default or Event of Default in payment of principal of or interest on any Security of any Series,
the Trustee may withhold the notice if and so long as its corporate trust committee or a committee of its Responsible Officers in good
faith determines that withholding the notice is in the interests of Securityholders of that Series.

 

Section
7.6 Reports by Trustee to Holders.

 

Within
60 days after each _______________ commencing _____________, _____, the Trustee shall transmit by mail to all Securityholders, as
their names and addresses appear on the register kept by the Registrar, a brief report dated as of such anniversary date, in
accordance with, and to the extent required under, TIA § 313.

 

A
copy of each report at the time of its mailing to Securityholders of any Series shall be filed with the SEC and each national securities
exchange on which the Securities of that Series are listed. The Company shall promptly notify the Trustee in writing when Securities
of any Series are listed on any national securities exchange.

 

Section
7.7 Compensation and Indemnity.

 

The
Company shall pay to the Trustee from time to time compensation for its services as the Company and the Trustee shall from time to time
agree upon in writing. The Trustee’s compensation shall not be limited by any law on compensation of a trustee of an express trust.
The Company shall reimburse the Trustee upon request for all reasonable out of pocket expenses incurred by it. Such expenses shall include
the reasonable compensation and expenses of the Trustee’s agents and counsel.

 

The
Company shall indemnify each of the Trustee and any predecessor Trustee (including for the cost of defending itself) against any cost,
expense or liability, including taxes (other than taxes based upon, measured by or determined by the income of the Trustee) incurred
by it except as set forth in the next paragraph in the performance of its duties under this Indenture as Trustee or Agent. The Trustee
shall notify the Company promptly of any claim for which it may seek indemnity. Failure by the Trustee to so notify the Company shall
not relieve the Company of its obligations hereunder, unless and to the extent that the Company is materially prejudiced thereby. The
Company shall defend the claim and the Trustee shall cooperate in the defense. The Trustee may have one separate counsel and the Company
shall pay the reasonable fees and expenses of such counsel. The Company need not pay for any settlement made without its consent, which
consent will not be unreasonably withheld. This indemnification shall apply to officers, directors, employees, shareholders and agents
of the Trustee.

 

The
Company need not reimburse any expense or indemnify against any loss or liability incurred by the Trustee or by any officer, director,
employee, shareholder or agent of the Trustee through willful misconduct or negligence. To secure the Company’s payment obligations
in this Section, the Trustee shall have a lien prior to the Securities of any Series on all money or property held or collected by the
Trustee, except that held in trust to pay principal of and interest on particular Securities of that Series.

 

When
the Trustee incurs expenses or renders services after an Event of Default specified in Section 6.1(d) or (e) occurs, the expenses and
the compensation for the services are intended to constitute expenses of administration under any Bankruptcy Law. The provisions of this
Section shall survive the termination of this Indenture.

 

Section
7.8 Replacement of Trustee.

 

A
resignation or removal of the Trustee and appointment of a successor Trustee shall become effective only upon the successor Trustee’s
acceptance of appointment as provided in this Section.

 

    	21

     

    

 

The
Trustee may resign with respect to the Securities of one or more Series by so notifying the Company at least 30 days prior to the date
of the proposed resignation. The Holders of a majority in principal amount of the Securities of any Series may remove the Trustee with
respect to that Series by so notifying the Trustee and the Company. The Company may remove the Trustee with respect to Securities of
one or more Series if:

 

(a)
the Trustee fails to comply with Section 7.10;

 

(b)
the Trustee is adjudged a bankrupt or an insolvent or an order for relief is entered with respect to the Trustee under any Bankruptcy
Law;

 

(c)
a Custodian or public officer takes charge of the Trustee or its property; or

 

(d)
the Trustee becomes incapable of acting.

 

If
the Trustee resigns or is removed or if a vacancy exists in the office of Trustee for any reason, the Company shall promptly appoint
a successor Trustee. Within one year after the successor Trustee takes office, the Holders of a majority in principal amount of the then
outstanding Securities may appoint a successor Trustee to replace the successor Trustee appointed by the Company.

 

If
a successor Trustee with respect to the Securities of any one or more Series does not take office within 60 days after the retiring Trustee
resigns or is removed, the retiring Trustee, the Company or the Holders of at least a majority in principal amount of the Securities
of the applicable Series may petition any court of competent jurisdiction for the appointment of a successor Trustee.

 

A
successor Trustee shall deliver a written acceptance of its appointment to the retiring Trustee and to the Company. Immediately after
that, the retiring Trustee shall transfer all property held by it as Trustee to the successor Trustee subject to the lien provided for
in Section 7.7, the resignation or removal of the retiring Trustee shall become effective, and the successor Trustee shall have all the
rights, powers and duties of the Trustee with respect to each Series of Securities for which it is acting as Trustee under this Indenture.
A successor Trustee shall mail a notice of its succession to each Securityholder of each such Series. Notwithstanding replacement of
the Trustee pursuant to this Section 7.8, the Company’s obligations under Section 7.7 hereof shall continue for the benefit of
the retiring Trustee with respect to expenses and liabilities incurred by it for actions taken or omitted to be taken in accordance with
its rights, powers and duties under this Indenture prior to such replacement.

 

Section
7.9 Successor Trustee by Merger, Etc.

 

If
the Trustee consolidates with, merges or converts into, or transfers all or substantially all of its corporate trust business to, another
corporation, the successor corporation without any further act shall be the successor Trustee, subject to Section 7.10.

 

Section
7.10 Eligibility; Disqualification.

 

This
Indenture shall always have a Trustee who satisfies the requirements of TIA § 310(a)(1), (2) and (5). The Trustee shall always have
a combined capital and surplus of at least $25,000,000 as set forth in its most recent published annual report of condition. The Trustee
shall comply with TIA § 310(b).

 

Section
7.11 Preferential Collection of Claims Against Company.

 

The
Trustee is subject to TIA § 311(a), excluding any creditor relationship listed in TIA § 311(b). A Trustee who has resigned
or been removed shall be subject to TIA § 311(a) to the extent indicated.

 

    	22

     

    

 

ARTICLE
VIII

SATISFACTION
AND DISCHARGE; DEFEASANCE

 

Section
8.1 Satisfaction and Discharge of Indenture.

 

This
Indenture shall upon Company Order be discharged with respect to the Securities of any Series and cease to be of further effect as to
all Securities of such Series (except as hereinafter provided in this Section 8.1), and the Trustee, at the expense of the Company, shall
execute instruments acknowledging satisfaction and discharge of this Indenture, when

 

(a)
either

 

(i)
all Securities of such Series theretofore authenticated and delivered (other than Securities that have been destroyed, lost or stolen
and that have been replaced or paid) have been delivered to the Trustee for cancellation; or

 

(ii)
all such Securities of such Series not theretofore delivered to the Trustee for cancellation

 

	 	(1)	have
    become due and payable by reason of sending a notice of redemption or otherwise, or
	 	 	 
	 	(2)	will
    become due and payable at their Stated Maturity within one year, or
	 	 	 
	 	(3)	have
    been called for redemption or are to be called for redemption within one year under arrangements satisfactory to the Trustee for
    the giving of notice of redemption by the Trustee in the name, and at the expense, of the Company, or
	 	 	 
	 	(4)	are
    deemed paid and discharged pursuant to Section 8.3, as applicable;

 

and
the Company, in the case of (1), (2) or (3) above, shall have irrevocably deposited or caused to be deposited with the Trustee as trust
funds in trust an amount of money or U.S. Government Obligations, which amount shall be sufficient for the purpose of paying and discharging
each installment of principal (including mandatory sinking fund or analogous payments) of and interest on all the Securities of such
Series on the dates such installments of principal or interest are due;

 

(b)
the Company has paid or caused to be paid all other sums payable hereunder by the Company; and

 

(c)
the Company shall have delivered to the Trustee an Officer’s Certificate and an Opinion of Counsel, each stating that all conditions
precedent provided for relating to the satisfaction and discharge contemplated by this Section have been complied with.

 

Notwithstanding
the satisfaction and discharge of this Indenture, the obligations of the Company to the Trustee under Section 7.7, and, if money shall
have been deposited with the Trustee pursuant to clause (a) of this Section, the provisions of Sections 2.4, 2.7, 2.8, 8.2 and 8.5 shall
survive.

 

Section
8.2 Application of Trust Funds; Indemnification.

 

(a)
Subject to the provisions of Section 8.5, all money and U.S. Government Obligations or Foreign Government Obligations deposited with
the Trustee pursuant to Section 8.1, 8.3 or 8.4 and all money received by the Trustee in respect of U.S. Government Obligations or Foreign
Government Obligations deposited with the Trustee pursuant to Section 8.1, 8.3 or 8.4, shall be held in trust and applied by it, in accordance
with the provisions of the Securities and this Indenture, to the payment, either directly or through any Paying Agent (including the
Company acting as its own Paying Agent) as the Trustee may determine, to the persons entitled thereto, of the principal and interest
for whose payment such money has been deposited with or received by the Trustee or to make mandatory sinking fund payments or analogous
payments as contemplated by Sections 8.1, 8.3 or 8.4.

 

    	23

     

    

 

(b)
The Company shall pay and shall indemnify the Trustee against any tax, fee or other charge imposed on or assessed against U.S. Government
Obligations or Foreign Government Obligations deposited pursuant to Sections 8.1, 8.3 or 8.4 or the interest and principal received in
respect of such obligations other than any payable by or on behalf of Holders.

 

(c)
The Trustee shall deliver or pay to the Company from time to time upon Company Order any U.S. Government Obligations or Foreign Government
Obligations or money held by it as provided in Sections 8.3 or 8.4 which, in the opinion of a nationally recognized firm of independent
certified public accountants or investment bank expressed in a written certification thereof delivered to the Trustee, are then in excess
of the amount thereof which then would have been required to be deposited for the purpose for which such U.S. Government Obligations
or Foreign Government Obligations or money were deposited or received. This provision shall not authorize the sale by the Trustee of
any U.S. Government Obligations or Foreign Government Obligations held under this Indenture.

 

Section
8.3 Legal Defeasance of Securities of any Series.

 

Unless
this Section 8.3 is otherwise specified pursuant to Section 2.2 to be inapplicable to Securities of any Series, the Company shall be
deemed to have paid and discharged the entire indebtedness on all the outstanding Securities of any Series on the 91st day after the
date of the deposit referred to in subparagraph (d) hereof, and the provisions of this Indenture, as it relates to such outstanding Securities
of such Series, shall no longer be in effect (and the Trustee, at the expense of the Company, shall, upon receipt of a Company Order,
execute instruments acknowledging the same), except as to:

 

(a)
the rights of Holders of Securities of such Series to receive, from the trust funds described in subparagraph (d) hereof, (i) payment
of the principal of and each installment of principal of and interest on the outstanding Securities of such Series on the Maturity of
such principal or installment of principal or interest and (ii) the benefit of any mandatory sinking fund payments applicable to the
Securities of such Series on the day on which such payments are due and payable in accordance with the terms of this Indenture and the
Securities of such Series;

 

(b)
the provisions of Sections 2.4, 2.5, 2.7, 2.8, 7.7, 8.2, 8.3, 8.5 and 8.6; and

 

(c)
the rights, powers, trusts and immunities of the Trustee hereunder and the Company’s obligations in connection
therewith;

 

provided
that, the following conditions shall have been satisfied:

 

(d)
the Company shall have irrevocably deposited or caused to be deposited (except as provided in Section 8.2(c)) with the Trustee as
trust funds specifically pledged as security for and dedicated solely to the benefit of the Holders of such Securities (i) in the
case of Securities of such Series denominated in Dollars, cash in Dollars and/or U.S. Government Obligations, or (ii) in the case of
Securities of such Series denominated in a Foreign Currency (other than a composite currency), money and/or Foreign Government
Obligations, which through the payment of interest and principal in respect thereof in accordance with their terms, will provide
(and without reinvestment and assuming no tax liability will be imposed on such Trustee), not later than one day before the due date
of any payment of money, an amount in cash, sufficient, in the opinion of a nationally recognized firm of independent public
accountants or investment bank expressed in a written certification thereof delivered to the Trustee, to pay and discharge each
installment of principal of and interest, on and any mandatory sinking fund payments in respect of all the Securities of such Series
on the dates such installments of principal or interest and such sinking fund payments are due;

 

(e)
such deposit will not result in a breach or violation of, or constitute a default under, this Indenture or any other agreement or instrument
to which the Company is a party or by which it is bound;

 

(f)
no Default or Event of Default with respect to the Securities of such Series shall have occurred and be continuing on the date of such
deposit or during the period ending on the 91st day after such date;

 

    	24

     

    

 

(g)
the Company shall have delivered to the Trustee an Officer’s Certificate and an Opinion of Counsel to the effect that (i) the Company
has received from, or there has been published by, the Internal Revenue Service a ruling, or (ii) since the date of execution of this
Indenture, there has been a change in the applicable Federal income tax law, in either case to the effect that, and based thereon such
Opinion of Counsel shall confirm that, the Holders of the Securities of such Series will not recognize income, gain or loss for Federal
income tax purposes as a result of such deposit, defeasance and discharge and will be subject to Federal income tax on the same amount
and in the same manner and at the same times as would have been the case if such deposit, defeasance and discharge had not occurred;

 

(h)
the Company shall have delivered to the Trustee an Officer’s Certificate stating that the deposit was not made by the Company with
the intent of defeating, hindering, delaying or defrauding any other creditors of the Company; and

 

(i)
the Company shall have delivered to the Trustee an Officer’s Certificate and an Opinion of Counsel, each stating that all conditions
precedent provided for relating to the defeasance contemplated by this Section have been complied with.

 

Section
8.4 Covenant Defeasance.

 

Unless
this Section 8.4 is otherwise specified pursuant to Section 2.2 to be inapplicable to Securities of any Series, the Company may omit
to comply with respect to the Securities of any Series with any term, provision or condition set forth under Sections 4.2, 4.3, 4.4 and
5.1 and, unless otherwise specified therein, any additional covenants specified in a supplemental indenture for such Series of Securities
or a Board Resolution or an Officer’s Certificate delivered pursuant to Section 2.2 (and the failure to comply with any such covenants
shall not constitute a Default or Event of Default with respect to such Series under Section 6.1) and the occurrence of any event specified
in a supplemental indenture for such Series of Securities or a Board Resolution or an Officer’s Certificate delivered pursuant
to Section 2.2 and designated as an Event of Default shall not constitute a Default or Event of Default hereunder, with respect to the
Securities of such Series, but, except as specified above, the remainder of this Indenture and such Securities will be unaffected thereby;
provided that the following conditions shall have been satisfied:

 

(a)
with reference to this Section 8.4, the Company has irrevocably deposited or caused to be irrevocably deposited (except as provided in
Section 8.2(c)) with the Trustee as trust funds in trust for the purpose of making the following payments specifically pledged as security
for, and dedicated solely to, the benefit of the Holders of such Securities (i) in the case of Securities of such Series denominated
in Dollars, cash in Dollars and/or U.S. Government Obligations, or (ii) in the case of Securities of such Series denominated in a Foreign
Currency (other than a composite currency), money and/or Foreign Government Obligations, which through the payment of interest and principal
in respect thereof in accordance with their terms, will provide (and without reinvestment and assuming no tax liability will be imposed
on such Trustee), not later than one day before the due date of any payment of money, an amount in cash, sufficient, in the opinion of
a nationally recognized firm of independent certified public accountants or investment bank expressed in a written certification thereof
delivered to the Trustee, to pay and discharge each installment of principal (including mandatory sinking fund or analogous payments)
of and interest on all the Securities of such Series on the dates such installments of principal or interest are due;

 

(b)
such deposit will not result in a breach or violation of, or constitute a default under, this Indenture or any other agreement or instrument
to which the Company is a party or by which it is bound;

 

(c)
no Default or Event of Default with respect to the Securities of such Series shall have occurred and be continuing on the date of such
deposit;

 

(d)
the Company shall have delivered to the Trustee an Officers’ Certificate and an Opinion of Counsel to the effect that the Holders
of the Securities of such Series will not recognize income, gain or loss for Federal income tax purposes as a result of such deposit
and covenant defeasance and will be subject to Federal income tax on the same amount and in the same manner and at the same times as
would have been the case if such deposit and covenant defeasance had not occurred;

 

(e)
The Company shall have delivered to the Trustee an Officer’s Certificate stating the deposit was not made by the Company with the
intent of defeating, hindering, delaying or defrauding any other creditors of the Company; and

 

    	25

     

    

 

(f)
The Company shall have delivered to the Trustee an Officer’s Certificate and an Opinion of Counsel, each stating that all conditions
precedent herein provided for relating to the covenant defeasance contemplated by this Section have been complied with.

 

Section
8.5 Repayment to Company.

 

Subject
to applicable abandoned property law, the Trustee and the Paying Agent shall pay to the Company upon request any money held by them for
the payment of principal and interest that remains unclaimed for two years. After that, Securityholders entitled to the money must look
to the Company for payment as general creditors unless an applicable abandoned property law designates another person.

 

Section
8.6 Reinstatement.

 

If
the Trustee or the Paying Agent is unable to apply any money deposited with respect to Securities of any Series in accordance with Section
8.1 by reason of any legal proceeding or by reason of any order or judgment of any court or governmental authority enjoining, restraining
or otherwise prohibiting such application, the obligations of the Company under this Indenture with respect to the Securities of such
Series and under the Securities of such Series shall be revived and reinstated as though no deposit had occurred pursuant to Section
8.1 until such time as the Trustee or the Paying Agent is permitted to apply all such money in accordance with Section 8.1; provided,
however, that if the Company has made any payment of principal of or interest on or any Additional Amounts with respect to any
Securities because of the reinstatement of its obligations, the Company shall be subrogated to the rights of the Holders of such Securities
to receive such payment from the money or U.S. Government Obligations held by the Trustee or Paying Agent after payment in full to the
Holders.

 

ARTICLE
IX

AMENDMENTS AND WAIVERS

 

Section
9.1 Without Consent of Holders.

 

The
Company and the Trustee may amend or supplement this Indenture or the Securities of one or more Series without the consent of any Securityholder:

 

(a)
to cure any ambiguity, defect or inconsistency;

 

(b)
to comply with Article V;

 

(c)
to provide for uncertificated Securities in addition to or in place of certificated Securities;

 

(d)
to add guarantees with respect to Securities of any Series or secure Securities of any Series;

 

(e)
to surrender any of the Company’s rights or powers under this Indenture;

 

(f)
to add covenants or events of default for the benefit of the holders of Securities of any Series;

 

(g)
to comply with the applicable procedures of the applicable depositary;

 

(h)
to make any change that does not adversely affect the rights of any Securityholder;

 

(i)
to provide for the issuance of and establish the form and terms and conditions of Securities of any Series as permitted by this Indenture;

 

(j)
to evidence and provide for the acceptance of appointment hereunder by a successor Trustee with respect to the Securities of one or more
Series and to add to or change any of the provisions of this Indenture as shall be necessary to provide for or facilitate the administration
of the trusts hereunder by more than one Trustee; or

 

    	26

     

    

 

(k)
to comply with requirements of the SEC in order to effect or maintain the qualification of this Indenture under the TIA.

 

Section
9.2 With Consent of Holders.

 

The
Company and the Trustee may enter into a supplemental indenture hereto with the written consent of the Holders of at least a majority
in principal amount of the outstanding Securities of each Series affected by such supplemental indenture (including consents obtained
in connection with a tender offer or exchange offer for the Securities of such Series), for the purpose of adding any provisions to or
changing in any manner or eliminating any of the provisions of this Indenture or of any supplemental indenture hereto or of modifying
in any manner the rights of the Securityholders of each such Series. Except as provided in Section 6.13, the Holders of at least a majority
in principal amount of the outstanding Securities of any Series by notice to the Trustee (including consents obtained in connection with
a tender offer or exchange offer for the Securities of such Series) may waive compliance by the Company with any provision of this Indenture
or the Securities with respect to such Series.

 

It
shall not be necessary for the consent of the Holders of Securities under this Section 9.2 to approve the particular form of any proposed
supplemental indenture hereto or waiver, but it shall be sufficient if such consent approves the substance thereof. After a supplemental
indenture hereto or waiver under this section becomes effective, the Company shall send to the Holders of Securities affected thereby,
a notice briefly describing the supplemental indenture or waiver. Any failure by the Company to send such notice, or any defect therein,
shall not, however, in any way impair or affect the validity of any such supplemental indenture or waiver.

 

Section
9.3 Limitations.

 

Without
the consent of each Securityholder affected, an amendment or waiver may not:

 

(a)
reduce the principal amount of Securities whose Holders must consent to an amendment, supplement or waiver;

 

(b)
reduce the rate of or extend the time for payment of interest (including default interest) on any Security;

 

(c)
reduce the principal or change the Stated Maturity of any Security or reduce the amount of, or postpone the date fixed for, the payment
of any sinking fund or analogous obligation;

 

(d)
reduce the principal amount of Discount Securities payable upon acceleration of the maturity thereof;

 

(e)
waive a Default or Event of Default in the payment of the principal of or interest, if any, on any Security (except a rescission of acceleration
of the Securities of any Series by the Holders of at least a majority in principal amount of the outstanding Securities of such Series
and a waiver of the payment default that resulted from such acceleration);

 

(f)
make the principal of or interest, if any, on any Security payable in any currency other than that stated in the
Security;

 

(g)
make any change in Sections 6.8, 6.13 or 9.3 (this sentence); or

 

(h)
waive a redemption payment with respect to any Security, provided that such redemption is made at the Company’s option.

 

Section
9.4 Compliance with Trust Indenture Act.

 

Every
amendment to this Indenture or the Securities of one or more Series shall be set forth in a supplemental indenture hereto that complies
with the TIA as then in effect.

 

    	27

     

    

 

Section
9.5 Revocation and Effect of Consents.

 

Until
an amendment is set forth in a supplemental indenture hereto or a waiver becomes effective, a consent to it by a Holder of a Security
is a continuing consent by the Holder and every subsequent Holder of a Security or portion of a Security that evidences the same debt
as the consenting Holder’s Security, even if notation of the consent is not made on any Security. However, any such Holder or subsequent
Holder may revoke the consent as to his Security or portion of a Security if the Trustee receives the notice of revocation before the
date of the supplemental indenture or the date the waiver becomes effective.

 

Any
amendment or waiver once effective shall bind every Securityholder of each Series affected by such amendment or waiver unless it is of
the type described in any of clauses (a) through (h) of Section 9.3. In that case, the amendment or waiver shall bind each Holder of
a Security who has consented to it and every subsequent Holder of a Security or portion of a Security that evidences the same debt as
the consenting Holder’s Security.

 

The
Company may, but shall not be obligated to, fix a record date for the purpose of determining the Holders entitled to give their consent
or take any other action described above or required or permitted to be taken pursuant to this Indenture. If a record date is fixed,
then notwithstanding the second immediately preceding paragraph, those Persons who were Holders at such record date (or their duly designated
proxies), and only those persons, shall be entitled to give such consent or to revoke any consent previously given or take any such action,
whether or not such Persons continue to be Holders after such record date. No such consent shall be valid or effective for more than
120 days after such record date.

 

Section
9.6 Notation on or Exchange of Securities.

 

The
Company or the Trustee may place an appropriate notation about an amendment or waiver on any Security of any Series thereafter authenticated.
The Company in exchange for Securities of that Series may issue and the Trustee shall authenticate upon receipt of a Company Order in
accordance with Section 2.3 new Securities of that Series that reflect the amendment or waiver.

 

Section
9.7 Trustee Protected.

 

In
executing, or accepting the additional trusts created by, any supplemental indenture hereto permitted by this Article or the modifications
thereby of the trusts created by this Indenture, the Trustee shall be entitled to receive, and (subject to Section 7.1) shall be fully
protected in relying upon, an Officer’s Certificate or an Opinion of Counsel or both complying with Section 10.4. The Trustee shall
sign all supplemental indentures hereto upon delivery of such an Officer’s Certificate or Opinion of Counsel or both, except that
the Trustee need not sign any supplemental indenture that adversely affects its rights, duties, liabilities or immunities under this
Indenture.

 

ARTICLE
X

MISCELLANEOUS

 

Section
10.1 Trust Indenture Act Controls.

 

If
any provision of this Indenture limits, qualifies, or conflicts with another provision which is required or deemed to be included in
this Indenture by the TIA, such required or deemed provision shall control.

 

    	28

     

    

 

Section
10.2 Notices.

 

Any
notice or communication by the Company or the Trustee to the other, or by a Holder to the Company or the Trustee, is duly given if in
writing and delivered in person or mailed by first-class mail (registered or certified, return receipt requested), facsimile transmission,
email or overnight air courier guaranteeing next day delivery, to the other’s address:

 

if
to the Company:

 

Bone
Biologics Corporation

2
Burlington Woods Drive, Suite 100

Burlington,
MA 01803

Attention:
Chief Financial Officer

 

with
a copy to:

 

TroyGould
PC

1801
Century Park East, 16th Floor

Los Angeles, California 90067

Attention: David Ficksman

 

	if
    to the Trustee:	 
	 	 	 
	 	 
	 	 	 
	 	 
	 	 	 
	Attention:	 	 
	 	 	 
	with
    a copy to:	 
	 	 	 
	 	 
	 	 	 
	 	 
	 	 	 
	Attention:	 	 

 

The
Company or the Trustee by notice to the other may designate additional or different addresses for subsequent notices or communications.

 

Any
notice or communication to a Securityholder shall be sent electronically or by first-class mail to his, her or its address shown on the
register kept by the Registrar, in accordance with the procedures of the Depositary. Failure to send a notice or communication to a Securityholder
of any Series or any defect in it shall not affect its sufficiency with respect to other Securityholders of that or any other Series.

 

If
a notice or communication is sent or published in the manner provided above, within the time prescribed, it is duly given, whether or
not the Securityholder receives it.

 

If
the Company sends a notice or communication to Securityholders, it shall send a copy to the Trustee and each Agent at the same time.

 

Notwithstanding
any other provision of this Indenture or any Security, where this Indenture or any Security provides for notice of any event (including
any notice of redemption) to a Holder of a Global Security (whether by mail or otherwise), such notice shall be sufficiently given to
the Depositary for such Security (or its designee) pursuant to the customary procedures of such Depositary.

 

Section 10.3 Communication
by Holders with Other Holders.

 

Securityholders
of any Series may communicate pursuant to TIA § 312(b) with other Securityholders of that Series or any other Series with respect
to their rights under this Indenture or the Securities of that Series or all Series. The Company, the Trustee, the Registrar and anyone
else shall have the protection of TIA § 312(c).

 

Section
10.4 Certificate and Opinion as to Conditions Precedent.

 

Upon
any request or application by the Company to the Trustee to take any action under this Indenture, the Company shall furnish to the Trustee:

 

(a)
an Officer’s Certificate stating that, in the opinion of the signers, all conditions precedent, if any, provided for in this Indenture
relating to the proposed action have been complied with; and

 

    	29

     

    

 

(b)
an Opinion of Counsel stating that, in the opinion of such counsel, all such conditions precedent have been complied
with.

 

Section
10.5 Statements Required in Certificate or Opinion.

 

Each
certificate or opinion with respect to compliance with a condition or covenant provided for in this Indenture (other than a certificate
provided pursuant to TIA § 314(a)(4)) shall comply with the provisions of TIA § 314(e) and shall include:

 

(a)
a statement that the person making such certificate or opinion has read such covenant or condition;

 

(b)
a brief statement as to the nature and scope of the examination or investigation upon which the statements or opinions contained in such
certificate or opinion are based;

 

(c)
a statement that, in the opinion of such person, he has made such examination or investigation as is necessary to enable him to express
an informed opinion as to whether or not such covenant or condition has been complied with; and

 

(d)
a statement as to whether or not, in the opinion of such person, such condition or covenant has been complied with.

 

Section
10.6 Rules by Trustee and Agents.

 

The
Trustee may make reasonable rules for action by or a meeting of Securityholders of one or more Series. Any Agent may make reasonable
rules and set reasonable requirements for its functions.

 

Section
10.7 Legal Holidays.

 

Unless
otherwise provided by Board Resolution, Officer’s Certificate or supplemental indenture hereto for a particular Series, a “Legal
Holiday” is any day that is not a Business Day. If a payment date is a Legal Holiday at a place of payment, payment may be
made at that place on the next succeeding day that is not a Legal Holiday, and no interest shall accrue for the intervening period.

 

Section
10.8 No Recourse Against Others.

 

A
director, officer, employee or stockholder (past or present), as such, of the Company shall not have any liability for any obligations
of the Company under the Securities or this Indenture or for any claim based on, in respect of or by reason of such obligations or their
creation. Each Securityholder by accepting a Security waives and releases all such liability. The waiver and release are part of the
consideration for the issue of the Securities.

 

Section
10.9 Counterparts.

 

This
Indenture may be executed in any number of counterparts and by the parties hereto in separate counterparts, each of which when so executed
shall be deemed to be an original and all of which taken together shall constitute one and the same agreement. The exchange of copies
of this Indenture and of signature pages by facsimile or PDF transmission shall constitute effective execution and delivery of this Indenture
as to the parties hereto and may be used in lieu of the original Indenture for all purposes. Signatures of the parties hereto transmitted
by facsimile or PDF shall be deemed to be their original signatures for all purposes.

 

Section
10.10 Governing Law, Waiver of Jury Trial, Consent to Jurisdiction.

 

THIS
INDENTURE AND THE SECURITIES, INCLUDING ANY CLAIM OR CONTROVERSY ARISING OUT OF OR RELATING TO THE INDENTURE OR THE SECURITIES, SHALL
BE GOVERNED BY THE LAWS OF THE STATE OF NEW YORK. THE COMPANY, THE TRUSTEE AND THE HOLDERS (BY THEIR ACCEPTANCE OF THE SECURITIES) EACH
HEREBY IRREVOCABLY WAIVE, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY LEGAL PROCEEDING
ARISING OUT OF OR RELATING TO THIS INDENTURE, THE NOTES OR THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY.

 

    	30

     

    

 

Any
legal suit, action or proceeding arising out of or based upon this Indenture or the transactions contemplated hereby may be instituted
in the federal courts of the United States of America located in the City of New York or the courts of the State of New York in each
case located in the City of New York (collectively, the “Specified Courts”), and each party irrevocably submits to
the non- exclusive jurisdiction of such courts in any such suit, action or proceeding. Service of any process, summons, notice or document
by mail (to the extent allowed under any applicable statute or rule of court) to such party’s address set forth above shall be
effective service of process for any suit, action or other proceeding brought in any such court. The Company, the Trustee and the Holders
(by their acceptance of the Securities) each hereby irrevocably and unconditionally waive any objection to the laying of venue of any
suit, action or other proceeding in the Specified Courts and irrevocably and unconditionally waive and agree not to plead or claim any
such suit, action or other proceeding has been brought in an inconvenient forum.

 

Section
10.11 No Adverse Interpretation of Other Agreements.

 

This
Indenture may not be used to interpret another indenture, loan or debt agreement of the Company or a Subsidiary of the Company. Any such
indenture, loan or debt agreement may not be used to interpret this Indenture.

 

Section
10.12 Successors.

 

All
agreements of the Company in this Indenture and the Securities shall bind its successor. All agreements of the Trustee in this Indenture
shall bind its successor.

 

Section 10.13 Severability.

 

In
case any provision in this Indenture or in the Securities shall be invalid, illegal or unenforceable, the validity, legality and enforceability
of the remaining provisions shall not in any way be affected or impaired thereby.

 

Section
10.14 Table of Contents, Headings, Etc.

 

The
Table of Contents, Cross Reference Table, and headings of the Articles and Sections of this Indenture have been inserted for convenience
of reference only, are not to be considered a part hereof, and shall in no way modify or restrict any of the terms or provisions hereof.

 

Section
10.15 Securities in a Foreign Currency.

 

Unless
otherwise specified in a Board Resolution, a supplemental indenture hereto or an Officer’s Certificate delivered pursuant to Section
2.2 of this Indenture with respect to a particular Series of Securities, whenever for purposes of this Indenture any action may be taken
by the Holders of a specified percentage in aggregate principal amount of Securities of all Series or all Series affected by a particular
action at the time outstanding and, at such time, there are outstanding Securities of any Series which are denominated in more than one
currency, then the principal amount of Securities of such Series which shall be deemed to be outstanding for the purpose of taking such
action shall be determined by converting any such other currency into a currency that is designated upon issuance of any particular Series
of Securities. Unless otherwise specified in a Board Resolution, a supplemental indenture hereto or an Officer’s Certificate delivered
pursuant to Section 2.2 of this Indenture with respect to a particular Series of Securities, such conversion shall be at the spot rate
for the purchase of the designated currency as published in The Financial Times in the “Currency Rates” section (or, if The
Financial Times is no longer published, or if such information is no longer available in The Financial Times, such source as may be selected
in good faith by the Company) on any date of determination. The provisions of this paragraph shall apply in determining the equivalent
principal amount in respect of Securities of a Series denominated in currency other than Dollars in connection with any action taken
by Holders of Securities pursuant to the terms of this Indenture. All decisions and determinations provided for in the preceding paragraph
shall, in the absence of manifest error, to the extent permitted by law, be conclusive for all purposes and irrevocably binding upon
the Trustee and all Holders.

 

    	31

     

    

 

Section
10.16 Judgment Currency.

 

The
Company agrees, to the fullest extent that it may effectively do so under applicable law, that (a) if for the purpose of obtaining judgment
in any court it is necessary to convert the sum due in respect of the principal of or interest or other amount on the Securities of any
Series (the “Required Currency”) into a currency in which a judgment will be rendered (the “Judgment Currency”),
the rate of exchange used shall be the rate at which in accordance with normal banking procedures the Trustee could purchase in The City
of New York the Required Currency with the Judgment Currency on the day on which final unappealable judgment is entered, unless such
day is not a New York Banking Day, then the rate of exchange used shall be the rate at which in accordance with normal banking procedures
the Trustee could purchase in The City of New York the Required Currency with the Judgment Currency on the New York Banking Day preceding
the day on which final unappealable judgment is entered and (b) its obligations under this Indenture to make payments in the Required
Currency (i) shall not be discharged or satisfied by any tender, any recovery pursuant to any judgment (whether or not entered in accordance
with subsection (a)), in any currency other than the Required Currency, except to the extent that such tender or recovery shall result
in the actual receipt, by the payee, of the full amount of the Required Currency expressed to be payable in respect of such payments,
(ii) shall be enforceable as an alternative or additional cause of action for the purpose of recovering in the Required Currency the
amount, if any, by which such actual receipt shall fall short of the full amount of the Required Currency so expressed to be payable,
and (iii) shall not be affected by judgment being obtained for any other sum due under this Indenture. For purposes of the foregoing,
“New York Banking Day” means any day except a Saturday, Sunday or a legal holiday in The City of New York on which
banking institutions are authorized or required by law, regulation or executive order to close.

 

Section
10.17 Force Majeure.

 

In
no event shall the Trustee be responsible or liable for any failure or delay in the performance of its obligations hereunder arising
out of or caused by, directly or indirectly, forces beyond its control, including, without limitation, strikes, work stoppages, accidents,
acts of war or terrorism, civil or military disturbances, nuclear or natural catastrophes or acts of God, and interruptions, loss or
malfunctions of utilities, communications or computer (software and hardware) services, it being understood that the Trustee shall use
reasonable best efforts which are consistent with accepted practices in the banking industry to resume performance as soon as practicable
under the circumstances.

 

Section
10.18 U.S.A. Patriot Act.

 

The
parties hereto acknowledge that in accordance with Section 326 of the U.S.A. Patriot Act, the Trustee is required to obtain, verify,
and record information that identifies each person or legal entity that establishes a relationship or opens an account with the Trustee.
The parties to this Indenture agree that they will provide the Trustee with such information as it may request in order for the Trustee
to satisfy the requirements of the U.S.A. Patriot Act.

 

ARTICLE
XI

SINKING FUNDS

 

Section
11.1 Applicability of Article.

 

The
provisions of this Article shall be applicable to any sinking fund for the retirement of the Securities of a Series if so provided by
the terms of such Securities pursuant to Section 2.2 and except as otherwise permitted or required by any form of Security of such Series
issued pursuant to this Indenture.

 

The
minimum amount of any sinking fund payment provided for by the terms of the Securities of any Series is herein referred to as a “mandatory
sinking fund payment” and any other amount provided for by the terms of Securities of such Series is herein referred to as
an “optional sinking fund payment.” If provided for by the terms of Securities of any Series, the cash amount of any
sinking fund payment may be subject to reduction as provided in Section 11.2. Each sinking fund payment shall be applied to the redemption
of Securities of any Series as provided for by the terms of the Securities of such Series.

 

    	32

     

    

 

Section
11.2 Satisfaction of Sinking Fund Payments with Securities.

 

The
Company may, in satisfaction of all or any part of any sinking fund payment with respect to the Securities of any Series to be made pursuant
to the terms of such Securities (1) deliver outstanding Securities of such Series to which such sinking fund payment is applicable (other
than any of such Securities previously called for mandatory sinking fund redemption) and (2) apply as credit Securities of such Series
to which such sinking fund payment is applicable and which have been repurchased by the Company or redeemed either at the election of
the Company pursuant to the terms of such Series of Securities (except pursuant to any mandatory sinking fund) or through the application
of permitted optional sinking fund payments or other optional redemptions pursuant to the terms of such Securities, provided that such
Securities have not been previously so credited. Such Securities shall be received by the Trustee, together with an Officer’s Certificate
with respect thereto, not later than 15 days prior to the date on which the Trustee begins the process of selecting Securities for redemption,
and shall be credited for such purpose by the Trustee at the price specified in such Securities for redemption through operation of the
sinking fund and the amount of such sinking fund payment shall be reduced accordingly. If as a result of the delivery or credit of Securities
in lieu of cash payments pursuant to this Section 11.2, the principal amount of Securities of such Series to be redeemed in order to
exhaust the aforesaid cash payment shall be less than $100,000, the Trustee need not call Securities of such Series for redemption, except
upon receipt of a Company Order that such action be taken, and such cash payment shall be held by the Trustee or a Paying Agent and applied
to the next succeeding sinking fund payment, provided, however, that the Trustee or such Paying Agent shall from time to
time upon receipt of a Company Order pay over and deliver to the Company any cash payment so being held by the Trustee or such Paying
Agent upon delivery by the Company to the Trustee of Securities of that Series purchased by the Company having an unpaid principal amount
equal to the cash payment required to be released to the Company.

 

Section
11.3 Redemption of Securities for Sinking Fund.

 

Not
less than 45 days (unless otherwise indicated in the Board Resolution, supplemental indenture hereto or Officer’s Certificate in
respect of a particular Series of Securities) prior to each sinking fund payment date for any Series of Securities, the Company will
deliver to the Trustee an Officer’s Certificate specifying the amount of the next ensuing mandatory sinking fund payment for that
Series pursuant to the terms of that Series, the portion thereof, if any, which is to be satisfied by payment of cash and the portion
thereof, if any, which is to be satisfied by delivering and crediting of Securities of that Series pursuant to Section 11.2, and the
optional amount, if any, to be added in cash to the next ensuing mandatory sinking fund payment, and the Company shall thereupon be obligated
to pay the amount therein specified. Not less than 30 days (unless otherwise indicated in the Board Resolution, Officer’s Certificate
or supplemental indenture hereto in respect of a particular Series of Securities) before each such sinking fund payment date the Securities
to be redeemed upon such sinking fund payment date will be selected in the manner specified in Section 3.2 and the Company shall send
or cause to be sent a notice of the redemption thereof to be given in the name of and at the expense of the Company in the manner provided
in and in accordance with Section 3.3. Such notice having been duly given, the redemption of such Securities shall be made upon the terms
and in the manner stated in Sections 3.4, 3.5 and 3.6.

 

    	33

     

    

 

IN
WITNESS WHEREOF, the parties hereto have caused this Indenture to be duly executed as of the day and year first written above.

 

	 	BONE
    BIOLOGICS CORPORATION
	 	 	 
	 	By:	                  
	 	Name:	 
	 	Its:	 
	 	 	 
	 	__________,
as Trustee
	 	 	 
	 	By:	 
	 	Name:	 
	 	Its:	 

 

    	34

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00346-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00346-of-00352.parquet"}]]