Document:

EX-10.18

 Exhibit 10.18 

 
  

CREDIT AGREEMENT 
 by
and among 
 PNC BANK, NATIONAL ASSOCIATION, 

as Administrative Agent, 

THE LENDERS THAT ARE PARTIES HERETO 

as the Lenders, 

LIVEVOX HOLDINGS, INC. 

as Parent 
 LIVEVOX,
INC. 
 as Borrower, and 

the Guarantors party hereto 

Dated as of November 7, 2016 
  

 

 TABLE OF CONTENTS 

 

							
	 	 	 	  	Page	 
	 1. DEFINITIONS AND CONSTRUCTION.
	  	 	1	 
			
	 1.1.
	 	Definitions	  	 	1	 
			
	 1.2.
	 	Accounting Terms	  	 	1	 
			
	 1.3.
	 	Code	  	 	2	 
			
	 1.4.
	 	Construction	  	 	2	 
			
	 1.5.
	 	Time References	  	 	3	 
			
	 1.6.
	 	Schedules and Exhibits	  	 	3	 
		
	 2. LOANS AND TERMS OF PAYMENT.
	  	 	3	 
			
	 2.1.
	 	Revolving Loans	  	 	3	 
			
	 2.2.
	 	Procedures for Requesting Revolving Loans; Procedures for Selection of Applicable Interest Rates for All Loans	  	 	4	 
			
	 2.3.
	 	Term Loan	  	 	6	 
			
	 2.4.
	 	Swing Loans	  	 	7	 
			
	 2.5.
	 	Disbursement of Loan Proceeds	  	 	8	 
			
	 2.6.
	 	Making and Settlement of Loans	  	 	9	 
			
	 2.7.
	 	Maximum Loans	  	 	11	 
			
	 2.8.
	 	Manner and Repayment of Loans	  	 	11	 
			
	 2.9.
	 	Defaulting Lenders	  	 	11	 
			
	 2.10.
	 	Statement of Account	  	 	14	 
			
	 2.11.
	 	Letters of Credit	  	 	14	 
			
	 2.12.
	 	Application of Payments; Termination of Commitments; Prepayments	  	 	22	 
			
	 2.13.
	 	Payment of Obligations	  	 	27	 
			
	 2.14.
	 	Interest Rates and Letter of Credit Fees: Rates, Payments, and Calculations	  	 	28	 
			
	 2.15.
	 	Fees	  	 	29	 
			
	 2.16.
	 	Special Provisions Applicable to LIBOR Rate	  	 	30	 
			
	 2.17.
	 	Capital Requirements	  	 	31	 
		
	 3. CONDITIONS; TERM OF AGREEMENT.
	  	 	33	 
			
	 3.1.
	 	Conditions Precedent to the Initial Extension of Credit	  	 	33	 
			
	 3.2.
	 	Conditions Precedent to all Extensions of Credit	  	 	33	 

  
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 TABLE OF CONTENTS 

(continued) 
  

							
	 	 	 	  	Page	 
	 3.3.
	 	Maturity	  	 	33	 
			
	 3.4.
	 	Effect of Maturity	  	 	34	 
			
	 3.5.
	 	Early Termination by Borrower	  	 	34	 
			
	 3.6.
	 	Conditions Subsequent	  	 	34	 
		
	 4. REPRESENTATIONS AND WARRANTIES.
	  	 	34	 
			
	 4.1.
	 	Due Organization and Qualification; Subsidiaries	  	 	35	 
			
	 4.2.
	 	Due Authorization; No Conflict	  	 	35	 
			
	 4.3.
	 	Governmental Consents	  	 	36	 
			
	 4.4.
	 	Binding Obligations; Perfected Liens	  	 	36	 
			
	 4.5.
	 	Title to Assets; No Encumbrances	  	 	36	 
			
	 4.6.
	 	Litigation	  	 	36	 
			
	 4.7.
	 	Compliance with Laws	  	 	37	 
			
	 4.8.
	 	No Material Adverse Effect	  	 	37	 
			
	 4.9.
	 	Solvency	  	 	37	 
			
	 4.10.
	 	Employee Benefits	  	 	37	 
			
	 4.11.
	 	Environmental Condition	  	 	38	 
			
	 4.12.
	 	Complete Disclosure	  	 	38	 
			
	 4.13.
	 	Material Contracts	  	 	39	 
			
	 4.14.
	 	Patriot Act	  	 	39	 
			
	 4.15.
	 	Indebtedness	  	 	39	 
			
	 4.16.
	 	Payment of Taxes	  	 	39	 
			
	 4.17.
	 	Margin Stock	  	 	40	 
			
	 4.18.
	 	Governmental Regulation	  	 	40	 
			
	 4.19.
	 	Anti-Terrorism Laws; Anti-Corruption Laws	  	 	40	 
			
	 4.20.
	 	Employee and Labor Matters	  	 	40	 
			
	 4.21.
	 	Parent as a Holding Company	  	 	41	 
			
	 4.22.
	 	SpeechIQ Acquisition; Engage Acquisition	  	 	41	 
			
	 4.23.
	 	Merger Documentation Representations	  	 	41	 
			
	 4.24.
	 	Leases	  	 	41	 
			
	 4.25.
	 	Hedge Agreements	  	 	41	 
			
	 4.26.
	 	Certificate of Beneficial Ownership	  	 	41	 

  
 -ii- 

 TABLE OF CONTENTS 

(continued) 
  

							
	 	 	 	  	Page	 
	 5. AFFIRMATIVE COVENANTS.
	  	 	41	 
			
	 5.1.
	 	Financial Statements, Reports, Certificates	  	 	42	 
			
	 5.2.
	 	Reporting	  	 	42	 
			
	 5.3.
	 	Existence	  	 	42	 
			
	 5.4.
	 	Maintenance of Properties	  	 	42	 
			
	 5.5.
	 	Taxes	  	 	42	 
			
	 5.6.
	 	Insurance	  	 	42	 
			
	 5.7.
	 	Inspection	  	 	43	 
			
	 5.8.
	 	Compliance with Laws	  	 	44	 
			
	 5.9.
	 	Environmental	  	 	44	 
			
	 5.10.
	 	Disclosure Updates	  	 	44	 
			
	 5.11.
	 	Formation of Subsidiaries	  	 	45	 
			
	 5.12.
	 	Further Assurances	  	 	45	 
			
	 5.13.
	 	Lender Meetings	  	 	46	 
			
	 5.14.
	 	Bank Products	  	 	46	 
			
	 5.15.
	 	Certificate of Beneficial Ownership and Other Additional Information	  	 	46	 
			
	 5.16.
	 	Amendments to SpeechIQ Acquisition Documentation or Engage Acquisition Documentation	  	 	47	 
			
	 5.17.
	 	Amendments to Merger Documentation	  	 	47	 
			
	 5.18.
	 	Engage PPP Loan.	  	 	47	 
		
	 6. NEGATIVE COVENANTS.
	  	 	47	 
			
	 6.1.
	 	Indebtedness	  	 	47	 
			
	 6.2.
	 	Liens	  	 	47	 
			
	 6.3.
	 	Restrictions on Fundamental Changes	  	 	48	 
			
	 6.4.
	 	Disposal of Assets	  	 	48	 
			
	 6.5.
	 	Nature of Business	  	 	48	 
			
	 6.6.
	 	Prepayments and Amendments	  	 	48	 
			
	 6.7.
	 	Restricted Payments	  	 	50	 
			
	 6.8.
	 	Accounting Methods	  	 	51	 
			
	 6.9.
	 	Investments	  	 	51	 
			
	 6.10.
	 	Transactions with Affiliates	  	 	51	 

  
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 TABLE OF CONTENTS 

(continued) 
  

							
	 	 	 	  	Page	 
	 6.11.
	 	Use of Proceeds	  	 	53	 
			
	 6.12.
	 	Limitation on Issuance of Equity Interests	  	 	54	 
			
	 6.13.
	 	Parent as Holding Company	  	 	54	 
			
	 6.14.
	 	OFAC; Patriot Act	  	 	54	 
			
	 6.15.
	 	Amendments to SpeechIQ Acquisition Documentation or Engage Acquisition Documentation	  	 	54	 
			
	 6.16.
	 	Amendments to Management Incentive Documentation	  	 	54	 
			
	 6.17.
	 	Amendments to Merger Documentation	  	 	54	 
		
	 7. FINANCIAL COVENANTS.
	  	 	54	 
		
	 8. EVENTS OF DEFAULT.
	  	 	56	 
			
	 8.1.
	 	Payments	  	 	56	 
			
	 8.2.
	 	Covenants	  	 	57	 
			
	 8.3.
	 	Judgments	  	 	57	 
			
	 8.4.
	 	Voluntary Bankruptcy, etc.	  	 	57	 
			
	 8.5.
	 	Involuntary Bankruptcy, etc	  	 	58	 
			
	 8.6.
	 	Default Under Other Agreements	  	 	58	 
			
	 8.7.
	 	Representations, etc	  	 	58	 
			
	 8.8.
	 	Guaranty	  	 	58	 
			
	 8.9.
	 	Security Documents	  	 	58	 
			
	 8.10.
	 	Loan Documents	  	 	58	 
			
	 8.11.
	 	Change of Control	  	 	59	 
			
	 8.12.
	 	Seizures	  	 	59	 
		
	 9. RIGHTS AND REMEDIES.
	  	 	59	 
			
	 9.1.
	 	Rights and Remedies	  	 	59	 
			
	 9.2.
	 	Remedies Cumulative	  	 	60	 
			
	 9.3.
	 	Curative Equity	  	 	60	 
		
	 10. WAIVERS; INDEMNIFICATION.
	  	 	62	 
			
	 10.1.
	 	Demand; Protest; etc	  	 	62	 
			
	 10.2.
	 	The Lender Group’s Liability for Collateral	  	 	62	 
			
	 10.3.
	 	Indemnification	  	 	63	 

  
 -iv- 

 TABLE OF CONTENTS 

(continued) 
  

							
	 	 	 	  	Page	 
	 11. NOTICES.
	  	 	64	 
		
	 12. CHOICE OF LAW AND VENUE; JURY TRIAL WAIVER; JUDICIAL REFERENCE PROVISION.
	  	 	65	 
		
	 13. ASSIGNMENTS AND PARTICIPATIONS; SUCCESSORS.
	  	 	67	 
			
	 13.1.
	 	Assignments and Participations	  	 	67	 
			
	 13.2.
	 	Successors	  	 	72	 
		
	 14. AMENDMENTS; WAIVERS.
	  	 	72	 
			
	 14.1.
	 	Amendments and Waivers	  	 	72	 
			
	 14.2.
	 	Replacement of Certain Lenders	  	 	74	 
			
	 14.3.
	 	No Waivers; Cumulative Remedies	  	 	74	 
		
	 15. AGENT; THE LENDER GROUP.
	  	 	75	 
			
	 15.1.
	 	Appointment and Authorization of Agent	  	 	75	 
			
	 15.2.
	 	Delegation of Duties	  	 	76	 
			
	 15.3.
	 	Liability of Agent	  	 	76	 
			
	 15.4.
	 	Reliance by Agent	  	 	76	 
			
	 15.5.
	 	Notices of Default or Event of Default	  	 	76	 
			
	 15.6.
	 	Credit Decision	  	 	77	 
			
	 15.7.
	 	Costs and Expenses; Indemnification	  	 	78	 
			
	 15.8.
	 	Agent in Individual Capacity	  	 	78	 
			
	 15.9.
	 	Successor Agent	  	 	78	 
			
	 15.10.
	 	Lender in Individual Capacity	  	 	79	 
			
	 15.11.
	 	Collateral Matters	  	 	79	 
			
	 15.12.
	 	Restrictions on Actions by Lenders; Sharing of Payments	  	 	81	 
			
	 15.13.
	 	Agency for Perfection	  	 	82	 
			
	 15.14.
	 	Payments by Agent to the Lenders	  	 	82	 
			
	 15.15.
	 	Concerning the Collateral and Related Loan Documents	  	 	82	 
			
	 15.16.
	 	Financial Examination Reports; Confidentiality; Disclaimers by Lenders; Other Reports and Information	  	 	82	 
			
	 15.17.
	 	Several Obligations; No Liability	  	 	83	 
		
	 16. WITHHOLDING TAXES.
	  	 	84	 
			
	 16.1.
	 	Payments	  	 	84	 
			
	 16.2.
	 	Exemptions	  	 	85	 

  
 -v- 

 TABLE OF CONTENTS 

(continued) 
  

							
	 	 	 	  	Page	 
	 16.3.
	 	Reductions	  	 	86	 
			
	 16.4.
	 	Refunds	  	 	87	 
		
	 17. GENERAL PROVISIONS.
	  	 	87	 
			
	 17.1.
	 	Effectiveness	  	 	87	 
			
	 17.2.
	 	Section Headings	  	 	87	 
			
	 17.3.
	 	Interpretation	  	 	88	 
			
	 17.4.
	 	Severability of Provisions	  	 	88	 
			
	 17.5.
	 	Bank Product Providers	  	 	88	 
			
	 17.6.
	 	Debtor-Creditor Relationship	  	 	89	 
			
	 17.7.
	 	Counterparts; Electronic Execution	  	 	89	 
			
	 17.8.
	 	Revival and Reinstatement of Obligations; Certain Waivers	  	 	89	 
			
	 17.9.
	 	Confidentiality	  	 	90	 
			
	 17.10.
	 	Survival	  	 	91	 
			
	 17.11.
	 	Patriot Act	  	 	92	 
			
	 17.12.
	 	Integration	  	 	92	 
		
	 For the avoidance of doubt, each of the SpeechIQ Acquisition and the Engage Acquisition
shall be deemed to be a “Permitted Acquisition for all purposes under this Agreement.
	  	 	33	 

  
 -vi- 

 EXHIBITS AND SCHEDULES 

 

			
	Exhibit 2.1	  	Form of Revolving Loan Note
	Exhibit 2.3	  	Form of Term Loan Note
	Exhibit 2.4(a)	  	Form of Swing Loan Note
	Exhibit A-1	  	Form of Assignment and Acceptance
	Exhibit C-1	  	Form of Compliance Certificate
	Exhibit C-2	  	Form of Early Election Certificate
	Exhibit I-1	  	Form of IP Reporting Certificate
	Exhibit P-1	  	Form of Perfection Certificate
	Exhibit 3.1(o)	  	Form of Financial Condition Certificate
		
	Schedule A-1	  	Authorized Persons
	Schedule C-1	  	Commitments
	Schedule C-2	  	Competitors
	Schedule I-1	  	Ineligible Institutions
	Schedule P-1	  	Permitted Investments
	Schedule P-2	  	Permitted Liens
	Schedule R-1	  	Real Property Collateral
	Schedule 3.1	  	Conditions Precedent
	Schedule 3.6	  	Conditions Subsequent
	Schedule 4.1(b)	  	Capitalization of Borrower
	Schedule 4.1(c)	  	Capitalization of Borrower’s Subsidiaries
	Schedule 4.6	  	Litigation
	Schedule 4.11	  	Environmental Matters
	Schedule 4.13	  	Material Contracts
	Schedule 4.14	  	Permitted Indebtedness
	Schedule 4.16	  	Payment of Taxes
	Schedule 5.1	  	Financial Statements, Reports, Certificates
	Schedule 5.1(d)	  	Billing Systems
	Schedule 5.2	  	Collateral Reporting
	Schedule 6.5	  	Nature of Business

  

  
 -vii- 

 CREDIT AGREEMENT 

THIS CREDIT AGREEMENT (this “Agreement”), is entered into as of November 7, 2016, by and among the lenders
identified on the signature pages hereof (each of such lenders, together with its successors and permitted assigns, is referred to hereinafter as a “Lender”, as that term is hereinafter further defined), PNC BANK, NATIONAL
ASSOCIATION, a national banking association, as administrative agent for each member of the Lender Group and the Bank Product Providers (in such capacity, together with its successors and assigns in such capacity, “Agent”),
LIVEVOX HOLDINGS, INC., a Delaware corporation (“Parent”), LIVEVOX, INC., a Delaware corporation (“Borrower”), LIVEVOX INTERNATIONAL, INC., a Delaware corporation (“LiveVox International
Guarantor”), SPEECHIQ, LLC, an Ohio limited liability company (“SpeechIQ Guarantor”, and together with LiveVox International Guarantor, the “Guarantors”). 

The parties agree as follows: 
 1.
DEFINITIONS AND CONSTRUCTION. 
 1.1. Definitions. Capitalized terms used in this Agreement shall have the meanings
specified therefor on Schedule 1.1. 
 1.2. Accounting Terms. All accounting terms not specifically defined herein shall
be construed in accordance with GAAP; provided, that if Borrower notifies Agent that Borrower requests an amendment to any provision hereof to eliminate the effect of any Accounting Change occurring after the Closing Date or in the
application thereof on the operation of such provision (or if Agent notifies Borrower that the Required Lenders request an amendment to any provision hereof for such purpose), regardless of whether any such notice is given before or after such
Accounting Change or in the application thereof, then Agent and Borrower agree that they will negotiate in good faith amendments to the provisions of this Agreement that are directly affected by such Accounting Change with the intent of having the
respective positions of the Lenders and Borrower after such Accounting Change conform as nearly as possible to their respective positions as of the date of this Agreement and, until any such amendments have been agreed upon and agreed to by the
Required Lenders, the provisions in this Agreement shall be calculated as if no such Accounting Change had occurred. When used herein, the term “financial statements” shall include the notes and schedules thereto. Whenever the term
“Parent” is used in respect of a financial covenant or a related definition, it shall be understood to mean Parent and its Subsidiaries on a consolidated basis, unless the context clearly requires otherwise. Notwithstanding anything to the
contrary contained herein, (a) all financial statements delivered hereunder shall be prepared, and all financial covenants contained herein shall be calculated, without giving effect to any election under the Statement of Financial Accounting
Standards No. 159 (or any similar accounting principle) permitting a Person to value its financial liabilities or Indebtedness at the fair value thereof, and (b) the term “unqualified opinion” as used herein to refer to opinions
or reports provided by accountants shall mean an opinion or report that is (i) unqualified, and (ii) does not include any explanation, supplemental comment, or other comment concerning the ability of the applicable Person to continue as a
going concern or concerning the scope of the audit. 

 1.3. Code. Any terms used in this Agreement that are defined in the Code shall
be construed and defined as set forth in the Code unless otherwise defined herein; provided, that to the extent that the Code is used to define any term herein and such term is defined differently in different Articles of the Code, the
definition of such term contained in Article 9 of the Code shall govern. 
 1.4. Construction. Unless the context of this
Agreement or any other Loan Document clearly requires otherwise, references to the plural include the singular, references to the singular include the plural, the terms “includes” and “including” are not limiting, and the term
“or” has, except where otherwise indicated, the inclusive meaning represented by the phrase “and/or.” The words “hereof,” “herein,” “hereby,” “hereunder,” and similar terms in this
Agreement or any other Loan Document refer to this Agreement or such other Loan Document, as the case may be, as a whole and not to any particular provision of this Agreement or such other Loan Document, as the case may be. Section, subsection,
clause, schedule, and exhibit references herein are to this Agreement unless otherwise specified. Any reference in this Agreement or in any other Loan Document to any agreement, instrument, or document shall include all alterations, amendments,
changes, extensions, modifications, renewals, replacements, substitutions, joinders, and supplements, thereto and thereof, as applicable (subject to any restrictions on such alterations, amendments, changes, extensions, modifications, renewals,
replacements, substitutions, joinders, and supplements set forth herein). The words “asset” and “property” shall be construed to have the same meaning and effect and to refer to any and all tangible and intangible assets and
properties. Any reference herein or in any other Loan Document to the satisfaction, repayment, or payment in full of the Obligations shall mean (a) the payment or repayment in full in immediately available funds of (i) the principal amount
of, and interest accrued and unpaid with respect to, all outstanding Loans, together with the payment of any premium applicable to the repayment of the Loans, (ii) all Lender Group Expenses that have accrued and are unpaid regardless of whether
demand has been made therefor, (iii) all fees or charges that have accrued hereunder or under any other Loan Document (including the Letter of Credit Fee and the Unused Line Fee) and are unpaid, (b) in the case of contingent reimbursement
obligations with respect to Letters of Credit, providing Letter of Credit Collateralization, (c) in the case of obligations with respect to Bank Products (other than Hedge Obligations that, at such time, are allowed by the applicable Bank
Product Provider to remain outstanding without being required to be repaid or cash collateralized), providing Bank Product Collateralization, (d) the receipt by Agent of cash collateral in order to secure any other contingent Obligations for
which a claim or demand for payment has been made on or prior to such time or in respect of matters or circumstances known to Agent or a Lender at such time that are reasonably expected to result in any loss, cost, damage, or expense (including
attorneys’ fees and legal expenses), such cash collateral to be in such amount as Agent reasonably determines is appropriate to secure such contingent Obligations, (e) the payment or repayment in full in immediately available funds of all
other outstanding Obligations (including the payment of any termination amount then applicable (or which would or could become applicable as a result of the repayment of the other Obligations) under Hedge Agreements provided by Hedge Providers)
other than (i) unasserted contingent indemnification Obligations, (ii) any Bank Product Obligations (other than Hedge Obligations) that, at such time, are allowed by the applicable Bank Product Provider to remain outstanding without being
required to be repaid or cash collateralized, and (iii) any Hedge Obligations that, at such time, are allowed by the applicable Hedge Provider to remain outstanding without being required to be repaid or cash collateralized, and (f) the

  
 -2- 

 
termination of all of the Commitments of the Lenders. Any reference herein to any Person shall be construed to include such Person’s successors and assigns. Any requirement of a writing
contained herein or in any other Loan Document shall be satisfied by the transmission of a Record. Any officer of a Loan Party executing any Loan Document or any certificate or other document made or delivered pursuant hereto or thereto, so executes
or certifies in his/her capacity as a an officer on behalf of the applicable Loan Party and not in any individual capacity. 
 1.5.
Time References. Unless the context of this Agreement or any other Loan Document clearly requires otherwise, all references to time of day refer to the time of day in New York, New York. For purposes of the computation of a period of
time from a specified date to a later specified date, the word “from” means “from and including” and the words “to” and “until” each means “to and including”; provided that, with respect to a
computation of fees or interest payable to Agent or any Lender, such period shall in any event consist of at least one full day. 
 1.6.
Schedules and Exhibits. All of the schedules and exhibits attached to this Agreement shall be deemed incorporated herein by reference. 
 2.
LOANS AND TERMS OF PAYMENT. 
 2.1. Revolving Loans. 

(a) Revolving Loans. Subject to the terms and conditions set forth in this Agreement, each Lender, severally and not jointly, will make
Revolving Loans to Borrower in aggregate amounts outstanding at any time equal to such Lender’s Pro Rata Share of an amount equal to, as of any date of determination, (i) the Maximum Revolver Amount minus (ii) the aggregate amount of
all Revolving Loans and Swing Loans then outstanding plus the Maximum Undrawn Amount of all Letters of Credit then outstanding. The Revolving Loans shall be evidenced by one or more secured promissory notes (collectively, the “Revolving Loan
Note”) substantially in the form attached hereto as Exhibit 2.1. Notwithstanding anything to the contrary contained in the foregoing or otherwise in this Agreement, (x) the outstanding aggregate principal amount of Swing Loans
and the Revolving Loans at any one time outstanding plus the Maximum Undrawn Amount of all Letters of Credit then outstanding shall not exceed the Maximum Revolver Amount and (y) Agent shall have the right (but not the obligation) to establish
from time to time Bank Product Reserves against the Maximum Revolving Loan Amount. Amounts borrowed pursuant to this Section 2.1 may be repaid and, subject to the terms and conditions of this Agreement, reborrowed at any
time during the term of this Agreement. The outstanding principal amount of the Revolving Loans, Swing Loans and all other extensions of credit hereunder, together with interest accrued and unpaid thereon, shall be due and payable on the Maturity
Date or, if earlier, on the date on which they are declared due and payable pursuant to the terms of this Agreement. 
 (b) Protective
Advances. 
 (i) Any contrary provision of this Agreement or any other Loan Document notwithstanding, at any time (after the occurrence
and during the continuance of a Default or an Event of Default, or any of the other applicable conditions precedent set forth in Section 3 are not satisfied), Agent hereby is authorized by Borrower and the Lenders, from
time 

  
 -3- 

 
to time, in Agent’s sole discretion, to make Revolving Loans to, or for the benefit of, Borrower, on behalf of the Revolving Lenders, that Agent, in its Permitted Discretion, deems necessary
or desirable (1) to preserve or protect the Collateral, or any portion thereof, or (2) to enhance the likelihood of repayment of the Obligations (other than the Bank Product Obligations) (the Revolving Loans described in this
Section 2.1(b)(i) shall be referred to as “Protective Advances”). Notwithstanding the foregoing, the aggregate amount of all Protective Advances outstanding at any one time, when taken together with the
aggregate amount of all Bank Product Reserves then outstanding, shall not exceed $2,500,000 (the “Maximum Applicable Reserve”). 

(ii) Each Protective Advance shall be deemed to be a Revolving Loan hereunder, except that no Protective Advance shall be eligible to be a
LIBOR Rate Loan and, prior to Settlement therefor, all payments on the Protective Advances shall be payable to Agent solely for its own account. The Protective Advances shall be repayable on demand, secured by Agent’s Liens, constitute
Obligations hereunder, and bear interest at the rate applicable from time to time to Revolving Loans that are Base Rate Loans. The provisions of this Section 2.1(b) are for the exclusive benefit of Agent and the Lenders and
are not intended to benefit Borrower (or any other Loan Party) in any way. 
 2.2. Procedures for Requesting Revolving Loans;
Procedures for Selection of Applicable Interest Rates for All Loans. 
 (a) Borrower may notify Agent in writing prior to 1:00 p.m.
on a Business Day of Borrower’s request to incur, on that day, a Revolving Loan hereunder. Should any amount required to be paid as interest hereunder, or as fees or other charges under this Agreement or any other Loan Document or with respect
to any other Obligation, become due, same shall be deemed a request for a Revolving Loan maintained as a Base Rate Loan as of the date such payment is due, in the amount required to pay in full such interest, fee, charge or Obligation, and such
request shall be irrevocable. 
 (b) Notwithstanding the provisions of subsection (a) above, in the event Borrower desires to obtain a
LIBOR Rate Loan for any Loan (other than a Swing Loan or Protective Advance), Borrower shall give Agent written notice by no later than 1:00 p.m. on the day which is three (3) Business Days prior to the date such LIBOR Rate Loan is to be
borrowed, specifying (i) the date of the proposed borrowing (which shall be a Business Day), (ii) the type of borrowing and the amount of such Loan to be borrowed, which amount shall be in a minimum amount of $1,000,000 and in integral
multiples of $50,000 thereafter, and (iii) the duration of the first Interest Period therefor. Interest Periods for LIBOR Rate Loans shall be for one, two, or three months; provided that, if an Interest Period would end on a day
that is not a Business Day, it shall end on the next succeeding Business Day unless such day falls in the next succeeding calendar month in which case the Interest Period shall end on the next preceding Business Day. No LIBOR Rate Loan shall be made
available to Borrower during the continuance of a Default or an Event of Default. After giving effect to each requested LIBOR Rate Loan, including those which are converted from a Base Rate Loan under Section 2.2(e), there
shall not be outstanding more than five (5) LIBOR Rate Loans, in the aggregate. 

  
 -4- 

 (c) Each Interest Period of a LIBOR Rate Loan shall commence on the date such LIBOR Rate
Loan is made and shall end on such date as Borrower may elect as set forth in subsection (b)(iii) above, provided that the exact length of each Interest Period shall be determined in accordance with the practice of the interbank market for offshore
Dollar deposits and no Interest Period shall end after the Maturity Date. 
 (d) Borrower shall elect the initial Interest Period applicable
to a LIBOR Rate Loan by its notice of borrowing given to Agent pursuant to Section 2.2(b) or by its notice of conversion given to Agent pursuant to Section 2.2(e), as the case may be. Borrower
shall elect the duration of each succeeding Interest Period by giving irrevocable written notice to Agent of such duration not later than 1:00 p.m. on the day which is three (3) Business Days prior to the last day of the then current Interest
Period applicable to such LIBOR Rate Loan. If Agent does not receive timely notice of the Interest Period elected by Borrower, Borrower shall be deemed to have elected to convert such LIBOR Rate Loan to a Base Rate Loan as of the last day of the
Interest Period applicable to such LIBOR Rate Loan, subject to Section 2.2(e) below. 
 (e) Provided that no
Default or Event of Default shall have occurred and be continuing, Borrower may, on the last Business Day of the then current Interest Period applicable to any outstanding LIBOR Rate Loan, or on any Business Day with respect to Base Rate Loans,
convert any such loan into a loan of another type in the same aggregate principal amount provided that any conversion of a LIBOR Rate Loan shall be made only on the last Business Day of the then current Interest Period applicable to such LIBOR Rate
Loan. If Borrower desires to convert a loan, Borrower shall give Agent written notice by no later than 1:00 p.m. (i) on the day which is three (3) Business Days prior to the date on which such conversion is to occur with respect to a
conversion from a Base Rate Loan to a LIBOR Rate Loan, or (ii) on the day which is one (1) Business Day prior to the date on which such conversion is to occur (which date shall be the last Business Day of the Interest Period for the
applicable LIBOR Rate Loan) with respect to a conversion from a LIBOR Rate Loan to a Base Rate Loan, specifying, in each case, the date of such conversion, the loans to be converted and if the conversion is to a LIBOR Rate Loan, the duration of the
first Interest Period therefor. 
 (f) At its option and upon written notice given prior to 1:00 p.m. at least three (3) Business Days
prior to the date of such prepayment, Borrower may, subject to Section 2.2(g) hereof, prepay the LIBOR Rate Loans in whole at any time or in part from time to time with accrued interest on the principal being prepaid to the
date of such repayment. Borrower shall specify the date of prepayment of Loans which are LIBOR Rate Loans and the amount of such prepayment. In the event that any prepayment of a LIBOR Rate Loan is required or permitted on a date other than the last
Business Day of the then current Interest Period with respect thereto, Borrower shall indemnify Agent and Lenders therefor in accordance with Section 2.2(g) hereof. 

(g) Borrower shall indemnify Agent and Lenders and hold Agent and Lenders harmless from and against any and all losses or expenses that Agent
and/or Lenders may sustain or incur as a consequence of any prepayment, conversion of or any default by Borrower in the payment of the principal of or interest on any LIBOR Rate Loan or failure by Borrower to complete a borrowing of, a prepayment of
or conversion of or to a LIBOR Rate Loan after notice thereof has been given, including, but not limited to, any interest payable by Agent or a Lender to lenders of funds obtained by it in order to make or maintain its LIBOR Rate Loans hereunder. A
certificate as to any additional amounts payable pursuant to the foregoing sentence submitted by Agent or any Lender to Borrower shall be conclusive absent manifest error. 

  
 -5- 

 (h) Notwithstanding any other provision hereof, if any applicable law, treaty, regulation or
directive, or any change therein or in the interpretation or application thereof, including without limitation any Change in Law, shall make it unlawful for Agent or any Lender (for purposes of this subsection (h), the term “Lender” shall
include Agent, any Lender and the office or branch where any Agent or any Lender or any Person controlling Agent or such Lender makes or maintains any LIBOR Rate Loans) to make or maintain its LIBOR Rate Loans, the obligation of Lenders (or such
affected Lender) to make LIBOR Rate Loans hereunder shall forthwith be cancelled and Borrower shall, if any affected LIBOR Rate Loans are then outstanding, promptly upon request from Agent, either pay all such affected LIBOR Rate Loans or convert
such affected LIBOR Rate Loans into loans of another type. If any such payment or conversion of any LIBOR Rate Loan is made on a day that is not the last day of the Interest Period applicable to such LIBOR Rate Loan, Borrower shall pay Agent, upon
Agent’s request, such amount or amounts set forth in clause (g) above. A certificate as to any additional amounts payable pursuant to the foregoing sentence submitted by Agent to Borrower shall be conclusive absent manifest error. 

2.3. Term Loan. On the Closing Date, each Lender with a Term Loan Commitment (severally, not jointly or jointly and severally)
made a term loan to Borrower in an aggregate principal amount equal to $35,000,000 (the “Closing Date Term Loan”). On the First Amendment Effective Date, each Lender with a Term Loan Commitment (severally, not jointly or jointly and
severally) made an additional term loan to Borrower in an amount equal to such Lender’s Term Loan Commitment in an aggregate principal amount equal to $10,350,000 (the “First Amendment Term Loan”). As of the Third Amendment
Effective Date, the outstanding principal balance of the Closing Date Term Loan and the First Amendment Term Loan, collectively, is $43,706,250. Subject to the terms and conditions of this Agreement, on the Third Amendment Effective Date, the
Lenders, (severally, not jointly or jointly and severally) will make an additional term loan to Borrower in an amount equal to such Lender’s Term Loan Commitment in an aggregate principal amount equal to $13,900,000 (the “Third
Amendment Term Loan”, and together with the Closing Date Term Loan and First Amendment Term Loan, collectively, the “Term Loan”). The Term Loan shall be, with respect to principal, subject to acceleration during the
existence of an Event of Default under this Agreement or termination of this Agreement, be payable in installments as follows: 
  

					
	 Installment Due Date
	  	Installment Amount	 
	 March 31, 2020
	  	$	288,031	 
	 June 30, 2020
	  	$	288,031	 
	 September 30, 2020
	  	$	288,031	 
	 December 31, 2020
	  	$	288,031	 
	 March 31, 2021
	  	$	360,039	 
	 June 30, 2021
	  	$	360,039	 
	 September 30, 2021
	  	$	360,039	 
	 December 31, 2021
	  	$	360,039	 
	 March 31, 2022
	  	$	720,078	 

  
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	 Installment Due Date
	  	Installment Amount	 
	 June 30, 2022
	  	$	720,078	 
	 September 30, 2022
	  	$	720,078	 
	 December 31, 2022
	  	$	720,078	 
	 March 31, 2023
	  	$	720,078	 
	 June 30, 2023
	  	$	720,078	 
	 September 30, 2023 and the last day of each fiscal quarter thereafter
	  	$	720,078	 
	 The last day of the Term
	  	 
	The remaining unpaid principal and
accrued interest thereon	 
 

 The Term Loan shall be evidenced by one or more secured promissory notes (collectively, the “Amended and Restated Term
Note”), in the principal face amount of $57,606,250. The Term Loan may consist of Base Rate Loans or LIBOR Rate Loans, or a combination thereof, as Borrower may request; and in the event that Borrowers desire to obtain or extend any portion
of the Term Loan as a LIBOR Rate Loan or to convert any portion of the Term Loan from a Base Rate Loan to a LIBOR Rate Loan, Borrower shall comply with the notification requirements set forth in Sections 2.2(b) and/or (e) and the
provisions of Sections 2.2(b) through (h) shall apply. The Third Amendment Term Loan shall be initially made as a LIBOR Rate Loan, and combined with the existing LIBOR Rate Loan for each of the Closing Date Term Loan and the First
Amendment Term Loan, with an Interest Period ending as of December 31, 2019. 
 2.4. Swing Loans. 

(a) Subject to the terms and conditions set forth in this Agreement, and in order to minimize the transfer of funds between Lenders and Agent
for administrative convenience, Agent, Lenders holding Revolving Commitments and Swing Loan Lender agree that in order to facilitate the administration of this Agreement, Swing Loan Lender may, at its election and option made in its sole discretion
cancelable at any time for any reason whatsoever, make swing loan advances (“Swing Loans”) available to Borrower as provided for in this Section 2.4 at any time or from time to time after the Closing Date
to, but not including, the Maturity Date, in an aggregate principal amount up to but not in excess of the Maximum Swing Loan Advance Amount, provided that the outstanding aggregate principal amount of Swing Loans and the Revolving Loans at any one
time outstanding shall not exceed the Maximum Revolving Loan Amount less the Maximum Undrawn Amount of all outstanding Letters of Credit. All Swing Loans shall be Base Rate Loans only. Borrower may borrow (at the option and election of Swing Loan
Lender), repay and reborrow (at the option and election of Swing Loan Lender) Swing Loans and Swing Loan Lender may make Swing Loans as provided in this Section 2.4 during the period between Settlement Dates. All Swing
Loans shall be evidenced by a secured promissory note (the “Swing Loan Note”) substantially in the form attached hereto as Exhibit 2.4(a). Swing Loan Lender’s agreement to make Swing Loans under this Agreement is
cancelable at any time for any reason whatsoever and the making of Swing Loans by Swing Loan Lender from time to time shall not create any duty or obligation, or establish any course of conduct, pursuant to which Swing Loan Lender shall thereafter
be obligated to make Swing Loans in the future. 

  
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 (b) Upon either (i) any request by Borrower for a Revolving Loan made pursuant to
Section 2.2(a) hereof or (ii) the occurrence of any deemed request by Borrower for a Revolving Loan pursuant to the provisions of the last sentence of Section 2.2(a) hereof, Swing Loan Lender
may elect, in its sole discretion, to have such request or deemed request treated as a request for a Swing Loan, and may advance same day funds to Borrower as a Swing Loan; provided that notwithstanding anything to the contrary provided for herein,
Swing Loan Lender may not make Swing Loans if Swing Loan Lender has been notified by Agent or by Required Lenders that one or more of the applicable conditions set forth in Section 3.2 of this Agreement have not been satisfied or the Revolving
Commitments have been terminated for any reason. 
 (c) Upon the making of a Swing Loan (whether before or after the occurrence of a Default
or an Event of Default and regardless of whether a Settlement has been requested with respect to such Swing Loan), each Lender holding a Revolving Commitment shall be deemed, without further action by any party hereto, to have unconditionally and
irrevocably purchased from Swing Loan Lender, without recourse or warranty, an undivided interest and participation in such Swing Loan in proportion to its Pro Rata Share thereof. Swing Loan Lender or Agent may, at any time, require the Lenders
holding Revolving Commitments to fund such participations by means of a Settlement as provided for in Section 2.6(d) below. From and after the date, if any, on which any Lender holding a Revolving Commitment is required to
fund, and funds, its participation in any Swing Loans purchased hereunder, Agent shall promptly distribute to such Lender its Pro Rata Share of all payments of principal and interest and all proceeds of Collateral received by Agent in respect of
such Swing Loan; provided that no Lender holding a Revolving Commitment shall be obligated in any event to make Revolving Loans in an amount in excess of the amount of its Revolving Commitment minus its Participation Commitment (taking into account
any reallocations under Section 2.9) with respect to the outstanding Swing Loans and the Maximum Undrawn Amount of all outstanding Letters of Credit. 

2.5. Disbursement of Loan Proceeds. All Loans shall be disbursed from whichever office or other place Agent may designate from
time to time and, together with any and all other Obligations of Borrower to Agent, Lenders, Swing Loan Lender and Issuing Bank, shall be charged to the Loan Account on Agent’s books. The proceeds of each Loan requested by Borrower or deemed to
have been requested by Borrower under Section 2.2(a), 2.6(b) or 2.11(d) hereof shall, (a) with respect to requested Revolving Loans, to the extent Lenders make such Revolving Loans in accordance with
Section 2.2(a), 2.6(b) or 2.11(d) hereof and with respect to Swing Loans made upon any request by Borrower for a Revolving Loan to the extent Swing Loan Lender makes such Swing Loan in accordance with
Section 2.4(b) hereof, be made available to Borrower on the day so requested by way of credit to the Funding Account in immediately available federal funds or other immediately available funds or, (b) with respect to
Revolving Loans deemed to have been requested by Borrower or Swing Loans made upon any deemed request for a Revolving Loan by Borrower, be disbursed to Agent to be applied to the outstanding Obligations giving rise to such deemed request. Prior to
the Maturity Date, Borrower may use the Revolving Loans and Swing Loans by borrowing, prepaying and re-borrowing, all in accordance with the terms and conditions hereof. Agent is authorized to make the Loans,
and Issuing Bank is authorized to issue the Letters of Credit, under this Agreement based upon telephonic or other instructions received from anyone 

  
 -8- 

 
purporting to be an Authorized Person or, without instructions, if pursuant to Section 2.2(a), 2.6(b) or 2.11(d). Borrower agrees to establish and maintain
the Funding Account with PNC for the purpose of receiving the proceeds of the Loans requested by Borrower and made by Agent or the Lenders hereunder. Unless otherwise agreed by Agent and Borrower in writing, any Loan requested by Borrower and made
by Agent, Swing Loan Lender or the Lenders hereunder shall be made to the Funding Account. 
 2.6. Making and Settlement of
Loans. 
 (a) Each borrowing of Revolving Loans shall be advanced according to the Pro Rata Shares of Lenders holding the Revolving
Commitments (subject to any contrary terms of Section 2.9). The Term Loan shall be advanced according to the Pro Rata Shares of Lenders holding the Term Loan Commitments. Each borrowing of Swing Loans shall be advanced by
Swing Loan Lender alone. 
 (b) Promptly after receipt by Agent of a request or a deemed request for a Revolving Loan pursuant to
Section 2.2(a) and, with respect to Revolving Loans, to the extent Agent elects not to provide a Swing Loan or the making of a Swing Loan would result in the aggregate amount of all outstanding Swing Loans exceeding the
maximum amount permitted in Section 2.4(a), Agent shall notify Lenders holding the Revolving Commitments of its receipt of such request specifying the information provided by Borrower and the apportionment among Lenders of
the requested Revolving Loan as determined by Agent in accordance with the terms hereof. Each Lender shall remit the principal amount of each Revolving Loan to Agent such that Agent is able to, and Agent shall, to the extent the applicable Lenders
have made funds available to it for such purpose and subject to Section 3.2, fund such Revolving Loan to Borrower in Dollars and immediately available funds to the Payment Office prior to the close of business, on the
applicable borrowing date; provided that if any applicable Lender fails to remit such funds to Agent in a timely manner, Agent may elect in its sole discretion to fund with its own funds the Revolving Loan of such Lender on such borrowing
date, and such Lender shall be subject to the repayment obligation in Section 2.6(c) hereof. 
 (c) Unless Agent
shall have been notified by telephone, confirmed in writing, by any Lender holding a Revolving Commitment that such Lender will not make the amount which would constitute its applicable Pro Rata Share of the requested Revolving Loan available to
Agent, Agent may (but shall not be obligated to) assume that such Lender has made such amount available to Agent on such date in accordance with Section 2.6(b) and may, in reliance upon such assumption, make available to
Borrower a corresponding amount. In such event, if a Lender has not in fact made its applicable Pro Rata Share of the requested Revolving Loan available to Agent, then the applicable Lender and Borrower severally agree to pay to Agent on demand such
corresponding amount with interest thereon, for each day from and including the date such amount is made available to Borrower through but excluding the date of payment to Agent, at (i) in the case of a payment to be made by such Lender, the
greater of (A) (x) the daily average Federal Funds Effective Rate (computed on the basis of a year of 360 days) during such period as quoted by Agent, times (y) such amount or (B) a rate determined by Agent in accordance with banking
industry rules on interbank compensation, and (ii) in the case of a payment to be made by Borrower, the Revolving Interest Rate for Base Rate Loans. If such Lender pays its Pro Rata Share of the applicable Revolving Loan to Agent, then the
amount so paid shall constitute such Lender’s Revolving Loan. Any payment by Borrower shall be without prejudice to any claim Borrower may have against a Lender holding a Revolving Commitment that shall have failed to make such payment to
Agent. A certificate of Agent submitted to any Lender or Borrower with respect to any amounts owing under this paragraph (c) shall be conclusive, in the absence of manifest error. 

  
 -9- 

 (d) Agent, on behalf of Swing Loan Lender and itself, shall demand settlement (a
“Settlement”) of all or any Swing Loans and Protective Advances with Lenders holding the Revolving Commitments on at least a weekly basis, or on any more frequent date that Agent elects or that Swing Loan Lender at its option
exercisable for any reason whatsoever may request, by notifying Lenders holding the Revolving Commitments of such requested Settlement by facsimile, telephonic or electronic transmission no later than 3:00 p.m. on the date of such requested
Settlement (the “Settlement Date”). Subject to any contrary provisions of Section 2.9, each Lender holding a Revolving Commitment shall transfer the amount of such Lender’s Pro Rata Share of the
outstanding principal amount (plus interest accrued thereon to the extent requested by Agent) of the applicable Swing Loan and/or Protective Advance with respect to which Settlement is requested by Agent, to such account of Agent as Agent may
designate not later than 5:00 p.m. on such Settlement Date if requested by Agent by 3:00 p.m., otherwise not later than 5:00 p.m. on the next Business Day. Settlements may occur at any time notwithstanding that the conditions precedent to making
Revolving Loans set forth in Section 3.2 have not been satisfied or the Revolving Commitments shall have otherwise been terminated at such time. All amounts so transferred to Agent shall be applied against the amount of
outstanding Swing Loans or Protective Advances, as applicable, and, when so applied shall constitute Revolving Loans of such Lenders accruing interest as Base Rate Loans. If any such amount is not transferred to Agent by any Lender holding a
Revolving Commitment on such Settlement Date, Agent shall be entitled to recover such amount on demand from such Lender together with interest thereon as specified in Section 2.6(c). 

(e) If any Lender or Participant (a “Benefited Lender”) shall at any time receive any payment of all or part of its Loans, or
interest thereon, or receive any Collateral in respect thereof (whether voluntarily or involuntarily or by set-off) in a greater proportion than any such payment to and Collateral received by any other Lender,
if any, in respect of such other Lender’s Loans, or interest thereon, and such greater proportionate payment or receipt of Collateral is not expressly permitted hereunder, such Benefited Lender shall purchase for cash from the other Lenders a
participation in such portion of each such other Lender’s Loans, or shall provide such other Lender with the benefits of any such Collateral, or the proceeds thereof, as shall be necessary to cause such Benefited Lender to share the excess
payment or benefits of such Collateral or proceeds ratably with each of the other Lenders; provided, however, that 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. Borrower consents to the foregoing and agrees, to the extent it may effectively do so under applicable law, that each
Lender so purchasing a portion of another Lender’s Loans may exercise all rights of payment (including rights of set-off) with respect to such portion as fully as if such Lender were the direct holder of
such portion, and the obligations owing to each such purchasing Lender in respect of such participation and such purchased portion of any other Lender’s Loans shall be part of the Obligations secured by the Collateral, and the obligations owing
to each such purchasing Lender in respect of such participation and such purchased portion of any other Lender’s Loans shall be part of the Obligations secured by the Collateral. 

  
 -10- 

 2.7. Maximum Loans. The aggregate balance of Revolving Loans plus Swing Loans
outstanding at any time shall not exceed the Maximum Revolving Loan Amount less the aggregate Maximum Undrawn Amount of all issued and outstanding Letters of Credit. 

2.8. Manner and Repayment of Loans. 

(a) The Revolving Loans and Swing Loans shall be due and payable in full on the Maturity Date subject to earlier prepayment as herein provided.
The Term Loan shall be due and payable as provided in Section 2.3 hereof, subject to mandatory prepayments as herein provided. Notwithstanding the foregoing, all Loans shall be subject to earlier repayment upon
(x) acceleration during the existence of an Event of Default under this Agreement or (y) termination of this Agreement. Each payment (including each prepayment) by Borrower on account of the principal of and interest on the Loans (other
than the Term Loan) shall, unless otherwise provided herein during an Application Event, be applied, first to the outstanding Swing Loans and next, in accordance with the Pro Rata Shares of the Lenders, to the outstanding Revolving Loans (subject to
any contrary provisions of Section 2.9). Each payment (including each prepayment) by Borrower on account of the principal of and interest on the Term Loan shall be applied to the Term Loan in accordance with the Pro Rata
Shares of the Lenders. 
 (b) All payments of principal, interest and other amounts payable hereunder, or under any of the other Loan
Documents shall be made without deduction, set-off or counterclaim and shall be made to Agent at the Payment Office not later than 1:00 p.m. on the due date therefor in Dollars in federal funds or other funds
immediately available to Agent. Anything to the contrary contained herein notwithstanding, any payment item shall be deemed received by Agent only if it is received at the Payment Office on a Business Day on or before 1:00 p.m. If any payment item
is received at the Payment Office on a non-Business Day or after 1:00 p.m. on a Business Day (unless Agent, in its sole discretion, elects to credit it on the date received), it shall be deemed to have been
received by Agent as of the opening of business on the immediately following Business Day. Agent shall have the right to effectuate payment of any and all Obligations due and owing hereunder by charging the Loan Account or by making Loans as
provided in Section 2.2 hereof. The receipt of any payment item by Agent shall not be required to be considered a payment on account unless such payment item is a wire transfer of immediately available federal funds made to
the Payment Office or unless and until such payment item is honored when presented for payment. Should any payment item not be honored when presented for payment, then Borrower shall be deemed not to have made such payment and interest shall be
calculated accordingly. 
 2.9. Defaulting Lenders. 

(a) Notwithstanding anything to the contrary contained herein, in the event any Lender is a Defaulting Lender, all rights and obligations
hereunder of such Defaulting Lender and of the other parties hereto shall be modified to the extent of the express provisions of this Section 2.9 so long as such Lender is a Defaulting Lender. 

(b) (i) except as otherwise expressly provided for in this Section 2.9, Revolving Loans shall be made pro rata
from Lenders holding Revolving Commitments which are not Defaulting Lenders based on their respective Pro Rata Shares, and no Pro Rata Share of any Lender or any Pro Rata Share of any Revolving Loans required to be advanced by any Lender shall be

  
 -11- 

 
increased as a result of any Lender being a Defaulting Lender. Amounts received in respect of principal of any type of Revolving Loans shall be applied to reduce such type of Revolving Loans of
each Lender (other than any Defaulting Lender) holding a Revolving Commitment in accordance with their Pro Rata Shares; provided, that, Agent shall not be obligated to transfer to a Defaulting Lender any payments received by Agent for
Defaulting Lender’s benefit, nor shall a Defaulting Lender be entitled to the sharing of any payments hereunder (including any principal, interest or fees). Amounts payable to a Defaulting Lender shall instead be paid to or retained by Agent.
Agent may hold and, in its discretion, re-lend to Borrower the amount of such payments received or retained by it for the account of such Defaulting Lender. 

(ii) Unused Line Fees shall cease to accrue in favor of such Defaulting Lender. 

(iii) if any Swing Loans are outstanding or any Letters of Credit (or drawings under any Letter of Credit for which Issuing Bank has not been
reimbursed) are outstanding or exist at the time any such Lender holding a Revolving Commitment becomes a Defaulting Lender, then: 
 (A)
Defaulting Lender’s Participation Commitment in the outstanding Swing Loans and of the Maximum Undrawn Amount of all outstanding Letters of Credit shall be reallocated among Non-Defaulting Lenders holding
Revolving Commitments in proportion to the respective Pro Rata Shares of such Non-Defaulting Lenders to the extent (but only to the extent) that (x) such reallocation does not cause the aggregate sum of
outstanding Revolving Loans made by any such Non-Defaulting Lender holding a Revolving Commitment plus such Lender’s reallocated Participation Commitment in the outstanding Swing Loans plus such
Lender’s reallocated Participation Commitment in the aggregate Maximum Undrawn Amount of all outstanding Letters of Credit to exceed the Revolving Commitment of any such Non-Defaulting Lender, and
(y) no Default or Event of Default has occurred and is continuing at such time; 
 (B) if the reallocation described in clause
(A) above cannot, or can only partially, be effected, Borrower shall within one Business Day following notice by Agent (1) first, prepay any outstanding Swing Loans that cannot be reallocated, and (2) second, deliver Letter of Credit
Collateralization corresponding to such Defaulting Lender’s Participation Commitment in the Maximum Undrawn Amount of all Letters of Credit (after giving effect to any partial reallocation pursuant to clause (A) above) for so long as such
Obligations are outstanding; 
 (C) if Borrower delivers Letter of Credit Collateralization for any portion of such Defaulting Lender’s
Participation Commitment in the Maximum Undrawn Amount of all Letters of Credit pursuant to clause (B) above, Borrower shall not be required to pay any Letter of Credit Fees with respect to such Defaulting Lender’s Pro Rata Share of the
Maximum Undrawn Amount of all Letters of Credit during the period such Defaulting Lender’s Participation Commitment in the Maximum Undrawn Amount of all Letters of Credit are subject to such Letter of Credit Collateralization; 

  
 -12- 

 (D) if Defaulting Lender’s Participation Commitment in the Maximum Undrawn Amount of
all Letters of Credit is reallocated pursuant to clause (A) above, then the Letter of Credit Fees payable to Lenders holding Revolving shall be adjusted and reallocated to Non-Defaulting Lenders holding
Revolving Commitments in accordance with such reallocation; and 
 (E) if all or any portion of such Defaulting Lender’s Participation
Commitment in the Maximum Undrawn Amount of all Letters of Credit is neither reallocated nor subject to Letter of Credit Collateralization pursuant to clauses (A) or (B) above, then, without prejudice to any rights or remedies of Issuing Bank
or any other Lender hereunder, all Letter of Credit Fees payable with respect to such Defaulting Lender’s Pro Rata Share of the Maximum Undrawn Amount of all Letters of Credit shall be payable to the Issuing Bank (and not to such Defaulting
Lender) until (and then only to the extent that) such Participation Commitment in the Maximum Undrawn Amount of all Letters of Credit is reallocated and/or subject to Letter of Credit Collateralization; and 

(iv) so long as any Lender holding a Revolving Commitment is a Defaulting Lender, Swing Loan Lender shall not be required to fund any Swing
Loans and Issuing Bank shall not be required to issue, amend or increase any Letter of Credit, unless Swing Loan Lender or Issuing Bank, as applicable is satisfied that the related exposure and Defaulting Lender’s Participation Commitment in
the Maximum Undrawn Amount of all Letters of Credit and all Swing Loans (after giving effect to any such issuance, amendment, increase or funding) will be fully allocated to Non-Defaulting Lenders holding
Revolving Commitments and/or Letter of Credit Collateralization delivered for such Letters of Credit will be provided by Borrower in accordance with clause (A) and (B) above, and participating interests in any newly made Swing Loan or any newly
issued or increased Letter of Credit shall be allocated among Non-Defaulting Lenders in a manner consistent with Section 2.9(b)(iii)(A) above (and such Defaulting Lender shall not
participate therein). 
 (c) A Defaulting Lender shall be deemed not to be a “Lender” for purposes of voting on any matters
(including the granting of any consents or waivers) with respect to this Agreement and the other Loan Documents solely to the extent such matters (i) relate to Revolving Loans and Revolving Commitments and (ii) except for the matters
expressly set forth in this Section 2.9, do not result in treatment of the Revolving Loans held by such Defaulting Lender in a manner materially and adversely different from the treatment of the Revolving Loans held by non-Defaulting Lenders. 
 (d) Other than as expressly set forth in this
Section 2.9, the rights and obligations of a Defaulting Lender (including the obligation to indemnify Agent) and the other parties hereto shall remain unchanged. Nothing in this Section 2.9 shall
be deemed to release any Defaulting Lender from its obligations under this Agreement and the other Loan Documents, shall alter such obligations, shall operate as a waiver of any default by such Defaulting Lender hereunder, or shall prejudice any
rights which Borrower, Agent or any Lender may have against any Defaulting Lender as a result of any default by such Defaulting Lender hereunder. 

(e) In the event that Agent, Borrower, Issuing Bank and Swing Loan Lender agree in writing that a Defaulting Lender has adequately remedied all
matters that caused such Lender to be a Defaulting Lender, then Agent will so notify the parties hereto, and the Participation Commitments of Lenders holding Revolving Commitments (including such cured Defaulting

  
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Lender) of the Swing Loans and Maximum Undrawn Amount of all outstanding Letters of Credit shall be reallocated to reflect the inclusion of such Lender’s Revolving Commitment, and on such
date such Lender shall purchase at par such of the Revolving Loans of the other Lenders as Agent shall determine may be necessary in order for such Lender to hold such Revolving Loans in accordance with its Pro Rata Share. 

(f) If Swing Loan Lender or Issuing Bank has a good faith belief that any Lender holding a Revolving Commitment has defaulted in fulfilling its
obligations under one or more other agreements in which such Lender commits to extend credit, Swing Loan Lender shall not be required to fund any Swing Loans and Issuing Bank shall not be required to issue, amend or increase any Letter of Credit,
unless Swing Loan Lender or Issuing Bank, as the case may be, shall have entered into arrangements with Borrower or such Lender, satisfactory to Swing Loan Lender or Issuing Bank, as the case may be, to defease any risk to it in respect of such
Lender hereunder. 
 (g) All Loans (other than Swing Loans and Protective Advances) shall be made by the Lenders contemporaneously and in
accordance with their Pro Rata Shares. It is understood that (i) no Lender shall be responsible for any failure by any other Lender to perform its obligation to make any Loan hereunder, nor shall any Commitment of any Lender be increased or
decreased as a result of any failure by any other Lender to perform its obligations hereunder, and (ii) no failure by any Lender to perform its obligations hereunder shall excuse any other Lender from its obligations hereunder. 

2.10. Statement of Account. Agent shall maintain, in accordance with its customary procedures, a loan account (the “Loan
Account”) in the name of Borrower in which shall be recorded the date and amount of each Loan made by Agent, Lenders and Swing Loan Lender and the date and amount of each payment in respect thereof; provided, however, the
failure by Agent to record the date and amount of any Loan shall not adversely affect Agent, any Lender or Swing Loan Lender. Each month, Agent shall send to Borrower a statement showing the accounting for the Loans made, payments made or credited
in respect thereof, and other transactions between Agent, Lenders, Swing Loan Lender and Borrower during such month. The monthly statements shall be deemed correct and binding upon Borrower in the absence of manifest error and shall constitute an
account stated between Agent, Lenders, Swing Loan Lender and Borrower unless Agent receives a written statement of Borrower’s specific exceptions thereto within thirty (30) days after such statement is received by Borrower. The records of
Agent with respect to the Loan Account shall be conclusive evidence absent manifest error of the amounts of Loans and other charges thereto and of payments applicable thereto. 

2.11. Letters of Credit. 

(a) Generally. 
 (i)
Subject to the terms and conditions hereof, Issuing Bank shall issue or cause the issuance of standby letters of credit denominated in Dollars (“Letters of Credit”) for the account of Borrower except to the extent that the issuance
thereof would then cause the sum of (A) the outstanding Revolving Loans plus (B) the outstanding Swing Loans, plus (C) the Maximum Undrawn Amount of all outstanding Letters of Credit, plus (D) the Maximum Undrawn

  
 -14- 

 
Amount of the Letter of Credit to be issued to exceed the Maximum Revolving Loan Amount); provided, however, that the Maximum Undrawn Amount of all outstanding Letters of Credit
shall not exceed in the aggregate at any time the Letter of Credit Sublimit. All disbursements or payments related to Letters of Credit shall be deemed to be Revolving Loans made as Base Rate Loans and shall bear interest at the Revolving Interest
Rate for Base Rate Loans. Letters of Credit that have not been drawn upon shall not bear interest (but fees shall accrue in respect of outstanding Letters of Credit as provided in Section 2.14(b) hereof). 

(ii) Notwithstanding any provision of this Agreement to the contrary, Issuing Bank shall not be under any obligation to issue any Letter of
Credit if (A) any order, judgment or decree of any Governmental Authority or arbitrator shall by its terms purport to enjoin or restrain Issuing Bank from issuing any Letter of Credit, or any law applicable to Issuing Bank or any request or
directive (whether or not having the force of law) from any Governmental Authority with jurisdiction over Issuing Bank shall prohibit, or request that Issuing Bank refrain from, the issuance of letters of credit generally or the Letter of Credit in
particular or shall impose upon Issuing Bank with respect to the Letter of Credit any restriction, reserve or capital requirement (for which Issuing Bank is not otherwise compensated hereunder) not in effect on the date of this Agreement, or shall
impose upon Issuing Bank any unreimbursed loss, cost or expense which was not applicable on the date of this Agreement, and which Issuing Bank in good faith deems material to it, (B) the issuance of the Letter of Credit would violate one or
more policies of Issuing Bank applicable to letters of credit generally or (C) the proceeds of such Letter of Credit would be made available to any Person, (1) to fund any activity or business of or with any Sanctioned Person or in any
country or territory that, at the time of such issuance, is the subject of any Sanctions or (2) in any manner that would immediately (after the expiration of any notice, cure or similar period) result in a violation of any Sanctions by any
person party to or bound by the terms of this Agreement. 
 (b) Issuance of Letters of Credit. 

(i) Borrower may request Issuing Bank to issue or cause the issuance of a Letter of Credit by delivering to Issuing Bank, with a copy to Agent
at the Payment Office, prior to 1:00 p.m., at least five (5) Business Days prior to the proposed date of issuance, such Issuing Bank’s form of Letter of Credit Application (the “Letter of Credit Application”) completed to
the satisfaction of Agent and Issuing Bank; and, such other certificates, documents and other papers and information as Agent or Issuing Bank may reasonably request. Issuing Bank shall not issue any requested Letter of Credit if such Issuing Bank
has received notice from Agent or any Lender that one or more of the applicable conditions set forth in Section 3.2 of this Agreement have not been satisfied or the commitments of Lenders to make Revolving Loans hereunder
have been terminated for any reason. 
 (ii) Each Letter of Credit shall, among other things, (A) provide for the payment of sight
drafts, or other written demands for payment, and (B) have an expiry date not later than twelve (12) months after such Letter of Credit’s date of issuance and in no event later than the Maturity Date. Each standby Letter of Credit
shall be subject either to the Uniform Customs and Practice for Documentary Credits as most recently published by the International Chamber of Commerce at the time a Letter of Credit is issued or the International Standby Practices (International
Chamber of Commerce Publication Number 590), or any subsequent revision thereof at the time a standby Letter of Credit is issued, as determined by Issuing Bank. 

  
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 (iii) Agent shall use its reasonable efforts to notify Lenders of the request by Borrower
for a Letter of Credit hereunder. 
 (c) Requirements For Issuance of Letters of Credit. Borrower shall authorize and direct any
Issuing Bank to name Borrower as the “Applicant” or “Account Party” of each Letter of Credit. If Agent is not the Issuing Bank of any Letter of Credit, Borrower shall authorize and direct Issuing Bank to deliver to Agent all
instruments, documents, and other writings and property received by Issuing Bank pursuant to the Letter of Credit and to accept and rely upon Agent’s instructions and agreements with respect to all matters arising in connection with the Letter
of Credit, the application therefor. 
 (d) Disbursements, Reimbursement. 

(i) Immediately upon the issuance of each Letter of Credit, each Lender holding a Revolving Commitment shall be deemed to, and hereby
irrevocably and unconditionally agrees to, purchase from Issuing Bank a participation in each Letter of Credit and each drawing thereunder in an amount equal to such Lender’s Pro Rata Share of the Maximum Undrawn Amount of such Letter of Credit
(as in effect from time to time) and the amount of such drawing, respectively. 
 (ii) In the event of any request for a drawing under a
Letter of Credit by the beneficiary or transferee thereof, Issuing Bank will promptly notify Agent and Borrower. Regardless of whether Borrower shall have received such notice, Borrower shall reimburse (such obligation to reimburse Issuing Bank
shall sometimes be referred to as a “Reimbursement Obligation”) Issuing Bank prior to 12:00 Noon, on each date that an amount is paid by Issuing Bank under any Letter of Credit (each such date, a “Drawing Date”) in
an amount equal to the amount so paid by Issuing Bank. In the event Borrower fails to reimburse Issuing Bank for the full amount of any drawing under any Letter of Credit by 12:00 Noon, on the Drawing Date, Issuing Bank will promptly notify Agent
and each Lender holding a Revolving Commitment thereof, and Borrower shall be automatically deemed to have requested that a Revolving Loan maintained as a Base Rate Loan be made by Lenders to be disbursed on the Drawing Date under such Letter of
Credit, and Lenders holding the Revolving Commitments shall be unconditionally obligated to fund such Revolving Loan (all whether or not the conditions specified in Section 3.2 are then satisfied or the commitments of
Lenders to make Revolving Loans hereunder have been terminated for any reason) as provided for in Section 2.11(d)(iii) immediately below. Any notice given by Issuing Bank pursuant to this
Section 2.11(d)(ii) may be oral if immediately confirmed in writing; provided that the lack of such an immediate confirmation shall not affect the conclusiveness or binding effect of such notice. 

(iii) Each Lender holding a Revolving Commitment shall upon any notice pursuant to Section 2.11(d)(ii) make
available to Issuing Bank through Agent at the Payment Office an amount in immediately available funds equal to its Pro Rata Share (subject to any contrary provisions of Section 2.9) of the amount of the drawing, whereupon
the participating Lenders shall (subject to Section 2.11(d)(iv)) each be deemed to have made a Revolving Loan 

  
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maintained as a Base Rate Loan to Borrower in that amount. If any Lender holding a Revolving Commitment so notified fails to make available to Agent, for the benefit of Issuing Bank, the amount
of such Lender’s Pro Rata Share of such amount by 2:00 p.m. on the Drawing Date, then interest shall accrue on such Lender’s obligation to make such payment, from the Drawing Date to the date on which such Lender makes such payment
(A) at a rate per annum equal to the Federal Funds Effective Rate during the first three (3) days following the Drawing Date and (B) at a rate per annum equal to the rate applicable to Revolving Loans maintained as a Base Rate Loan on
and after the fourth day following the Drawing Date. Agent and Issuing Bank will promptly give notice of the occurrence of the Drawing Date, but failure of Agent or Issuing Bank to give any such notice on the Drawing Date or in sufficient time to
enable any Lender holding a Revolving Commitment to effect such payment on such date shall not relieve such Lender from its obligations under this Section 2.11(d)(iii), provided that such Lender shall not be obligated to
pay interest as provided in Section 2.11(d)(iii)(A) and (B) until and commencing from the date of receipt of notice from Agent or Issuing Bank of a drawing. 

(iv) With respect to any unreimbursed drawing that is not converted into a Revolving Loan maintained as a Base Rate Loan to Borrower in whole
or in part as contemplated by Section 2.11(d)(ii), because of Borrower’s failure to satisfy the conditions set forth in Section 3.2 hereof (other than any notice requirements) or for any other
reason, Borrower shall be deemed to have incurred from Agent a borrowing (each a “Letter of Credit Borrowing”) in the amount of such drawing. Such Letter of Credit Borrowing shall be due and payable on demand (together with
interest) and shall bear interest at the rate per annum applicable to a Revolving Loan maintained as a Base Rate Loan. Each applicable Lender’s payment to Agent pursuant to Section 2.11(d)(iii) shall be deemed to be a
payment in respect of its participation in such Letter of Credit Borrowing and shall constitute a “Participation Advance” from such Lender in satisfaction of its Participation Commitment in respect of the applicable Letter of Credit
under this Section 2.11(d). 
 (v) Each applicable Lender’s Participation Commitment in respect of the
Letters of Credit shall continue until the last to occur of any of the following events: (A) Issuing Bank ceases to be obligated to issue or cause to be issued Letters of Credit hereunder; (B) no Letter of Credit issued or created
hereunder remains outstanding and uncancelled; and (C) all Persons (other than Borrower) have been fully reimbursed for all payments made under or relating to Letters of Credit. 

(e) Repayment of Participation Advances. 

(i) Upon (and only upon) receipt by Agent for the account of Issuing Bank of immediately available funds from Borrower (A) in
reimbursement of any payment made by Issuing Bank or Agent under the Letter of Credit with respect to which any Lender has made a Participation Advance to Agent, or (B) in payment of interest on such a payment made by Issuing Bank or Agent
under such a Letter of Credit, Agent will pay to each Lender holding a Revolving Commitment, in the same funds as those received by Agent, the amount of such Lender’s Pro Rata Share of such funds, except Agent shall retain the amount of the Pro
Rata Share of such funds of any Lender holding a Revolving Commitment that did not make a Participation Advance in respect of such payment by Agent (and, to the extent that any of the other Lenders holding the Revolving Commitment have funded any
portion such Defaulting Lender’s Participation Advance in accordance with the provisions of Section 2.9, Agent will pay over to such Non-Defaulting Lenders a pro rata portion of
the funds so withheld from such Defaulting Lender). 

  
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 (ii) If Issuing Bank or Agent is required at any time to return to Borrower, or to a
trustee, receiver, liquidator, custodian, or any official in any insolvency proceeding, any portion of the payments made by Borrower to Issuing Bank or Agent pursuant to Section 2.11(e) in reimbursement of a payment made
under the Letter of Credit or interest or fee thereon, each applicable Lender shall, on demand of Agent, forthwith return to Issuing Bank or Agent the amount of its Pro Rata Share of any amounts so returned by Issuing Bank or Agent plus interest at
the Federal Funds Effective Rate. 
 (f) Documentation. Borrower agrees to be bound by the terms of the Letter of Credit Application
and by Issuing Bank’s interpretations of any Letter of Credit issued on behalf of Borrower and by Issuing Bank’s written regulations and customary practices relating to letters of credit, though Issuing Bank’s interpretations may be
different from Borrower’s own. In the event of a conflict between the Letter of Credit Application and this Agreement, this Agreement shall govern. It is understood and agreed that, except in the case of gross negligence, bad faith or willful
misconduct (as determined by a court of competent jurisdiction in a final non-appealable judgment), Issuing Bank shall not be liable for any error, negligence and/or mistakes, whether of omission or
commission, in following Borrower’s instructions or those contained in the Letters of Credit or any modifications, amendments or supplements thereto. 

(g) Determination to Honor Drawing Request. In determining whether to honor any request for drawing under any Letter of Credit by the
beneficiary thereof, Issuing Bank shall be responsible only to determine that the documents and certificates required to be delivered under such Letter of Credit have been delivered and that they comply on their face with the requirements of such
Letter of Credit and that any other drawing condition appearing on the face of such Letter of Credit has been satisfied in the manner so set forth. 

(h) Nature of Participation and Reimbursement Obligations. The obligation of each Lender holding a Revolving Commitment in accordance
with this Agreement to make the Revolving Loans or Participation Advances as a result of a drawing under a Letter of Credit, and the obligations of Borrower to reimburse Issuing Bank upon a draw under a Letter of Credit, shall be absolute,
unconditional and irrevocable, and shall be performed strictly in accordance with the terms of this Section 2.11(h) under all circumstances, including the following circumstances: 

(i) any set-off, counterclaim, recoupment, defense or other right which such Lender or Borrower, as
the case may be, may have against Issuing Bank, Agent, Borrower or Lender, as the case may be, or any other Person for any reason whatsoever; 

(ii) the failure of Borrower or any other Person to comply, in connection with a Letter of Credit Borrowing, with the conditions set forth in
this Agreement for the making of a Revolving Loan, it being acknowledged that such conditions are not required for the making of a Letter of Credit Borrowing and the obligation of Lenders to make Participation Loans under
Section 2.11(d); 

  
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 (iii) any lack of validity or enforceability of any Letter of Credit; 

(iv) any claim of breach of warranty that might be made by Borrower, Agent, Issuing Bank or any Lender against the beneficiary of a Letter of
Credit, or the existence of any claim, set-off, recoupment, counterclaim, cross-claim, defense or other right which Borrower, Agent, Issuing Bank or any Lender may have at any time against a beneficiary, any
successor beneficiary or any transferee of any Letter of Credit or assignee of the proceeds thereof (or any Persons for whom any such transferee or assignee may be acting), Issuing Bank, Agent or any Lender or any other Person, whether in connection
with this Agreement, the transactions contemplated herein or any unrelated transaction (including any underlying transaction between Borrower or any Subsidiaries or Affiliates of Borrower and the beneficiary for which any Letter of Credit was
procured); 
 (v) the lack of power or authority of any signer of (or any defect in or forgery of any signature or endorsement on) or the
form of or lack of validity, sufficiency, accuracy, enforceability or genuineness of any draft, demand, instrument, certificate or other document presented under or in connection with any Letter of Credit, or any fraud or alleged fraud in connection
with any Letter of Credit, or the transport of any property or provision of services relating to a Letter of Credit, in each case even if Issuing Bank or any of Issuing Bank’s Affiliates has been notified thereof; 

(vi) payment by Issuing Bank under any Letter of Credit against presentation of a demand, draft or certificate or other document which is
forged or does not fully comply with the terms of such Letter of Credit (provided that the foregoing shall not excuse Issuing Bank from any obligation under the terms of any applicable Letter of Credit to require the presentation of documents that
on their face appear to satisfy any applicable requirements for drawing under such Letter of Credit prior to honoring or paying any such draw); 

(vii) the solvency of, or any acts or omissions by, any beneficiary of any Letter of Credit, or any other Person having a role in any
transaction or obligation relating to a Letter of Credit, or the existence, nature, quality, quantity, condition, value or other characteristic of any property or services relating to a Letter of Credit; 

(viii) any failure by Issuing Bank or any of Issuing Bank’s Affiliates to issue any Letter of Credit in the form requested by Borrower,
unless Agent and Issuing Bank have each received written notice from Borrower of such failure within three (3) Business Days after Issuing Bank shall have furnished Agent and Borrower a copy of such Letter of Credit and such error is material
and no drawing has been made thereon prior to receipt of such notice; 
 (ix) the occurrence of any Material Adverse Effect; 

(x) any breach of this Agreement or any other Loan Document by any party thereto; 

(xi) the occurrence or continuance of an insolvency proceeding with respect to any Loan Party; 

  
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 (xii) the fact that a Default or an Event of Default shall have occurred and be continuing;

 (xiii) the fact that the Maturity Date shall have occurred or this Agreement or the obligations of Lenders or Agent to make Loans have
been terminated; and 
 (xiv) any other circumstance or happening whatsoever, whether or not similar to any of the foregoing. 

(i) Liability for Acts and Omissions. 

(i) As between Borrower and Issuing Bank, Swing Loan Lender, Agent and Lenders, Borrower assumes all risks of the acts and omissions of, or
misuse of the Letters of Credit by, the respective beneficiaries of such Letters of Credit. In furtherance and not in limitation of the foregoing, Issuing Bank shall not be responsible for: (A) the form, validity, sufficiency, accuracy,
genuineness or legal effect of any document submitted by any party in connection with the application for an issuance of any such Letter of Credit, even if it should in fact prove to be in any or all respects invalid, insufficient, inaccurate,
fraudulent or forged (even if Issuing Bank or any of its Affiliates shall have been notified thereof); (B) the validity or sufficiency of any instrument transferring or assigning or purporting to transfer or assign any such Letter of Credit or the
rights or benefits thereunder or proceeds thereof, in whole or in part, which may prove to be invalid or ineffective for any reason; (C) the failure of the beneficiary of any such Letter of Credit, or any other party to which such Letter of
Credit may be transferred, to comply fully with any conditions required in order to draw upon such Letter of Credit or any other claim of Borrower against any beneficiary of such Letter of Credit, or any such transferee, or any dispute between or
among Borrower and any beneficiary of any Letter of Credit or any such transferee; (D) errors, omissions, interruptions or delays in transmission or delivery of any messages, by mail, cable, facsimile, telex or otherwise, whether or not they be
in cipher; (E) errors in interpretation of technical terms; (F) any loss or delay in the transmission or otherwise of any document required in order to make a drawing under any such Letter of Credit or of the proceeds thereof; (G) the
misapplication by the beneficiary of any such Letter of Credit of the proceeds of any drawing under such Letter of Credit; or (H) any consequences arising from causes beyond the control of Issuing Bank, including any governmental acts, and none
of the above shall affect or impair, or prevent the vesting of, any of Issuing Bank’s rights or powers hereunder. Nothing in the preceding sentence shall relieve Issuing Bank from liability for Issuing Bank’s gross negligence, bad faith or
willful misconduct (as determined by a court of competent jurisdiction in a final non-appealable judgment) in connection with actions or omissions described in such clauses (A) through (H) of such
sentence. In no event shall Issuing Bank or Issuing Bank’s Affiliates be liable to Borrower or any other or any other Loan Party for any indirect, consequential, incidental, punitive, exemplary or special damages or expenses (including without
limitation attorneys’ fees), or for any damages resulting from any change in the value of any property relating to a Letter of Credit. 

(ii) Without limiting the generality of the foregoing, Issuing Bank and each of its Affiliates: (A) may rely on any oral or other
communication believed in good faith by Issuing Bank or such Affiliate to have been authorized or given by or on behalf of the applicant for a Letter of Credit; (B) may honor any presentation if the documents presented appear on their face
substantially to comply with the terms and conditions of the relevant Letter of Credit; (C) may 

  
 -20- 

 
honor a previously dishonored presentation under a Letter of Credit, whether such dishonor was pursuant to a court order, to settle or compromise any claim of wrongful dishonor, or otherwise, and
shall be entitled to reimbursement to the same extent as if such presentation had initially been honored, together with any interest paid by Issuing Bank or its Affiliates; (D) may honor any drawing that is payable upon presentation of a
statement advising negotiation or payment, upon receipt of such statement (even if such statement indicates that a draft or other document is being delivered separately), and shall not be liable for any failure of any such draft or other document to
arrive, or to conform in any way with the relevant Letter of Credit; (E) may pay any paying or negotiating bank claiming that it rightfully honored under the laws or practices of the place where such bank is located; and (F) may settle or
adjust any claim or demand made on Issuing Bank or its Affiliate in any way related to any order issued at the applicant’s request to an air carrier, a letter of guarantee or of indemnity issued to a steamship agent or carrier or any document
or instrument of like import (each an “Order”) and honor any drawing in connection with any Letter of Credit that is the subject of such Order, notwithstanding that any drafts or other documents presented in connection with such
Letter of Credit fail to conform in any way with such Letter of Credit. 
 (iii) In furtherance and extension and not in limitation of the
specific provisions set forth above, any action taken or omitted by Issuing Bank under or in connection with the Letters of Credit issued by it or any documents and certificates delivered thereunder, if taken or omitted in good faith and without
gross negligence, bad faith or willful misconduct, (in each case, as determined by a court of competent jurisdiction in a final non-appealable judgment), shall not put Issuing Bank under any resulting
liability to Borrower, any other Loan Party, Agent or any Lender. 
 (j) If by reason of (x) any Change in Law, or (y) compliance
by Issuing Bank or any other member of the Lender Group with any direction, request, or requirement (irrespective of whether having the force of law) of any Governmental Authority or monetary authority including, Regulation D of the Board of
Governors as from time to time in effect (and any successor thereto): 
 (i) any reserve, deposit, or similar requirement is or shall be
imposed or modified in respect of any Letter of Credit issued or caused to be issued hereunder or hereby, or 
 (ii) there shall be imposed
on Issuing Bank or any other member of the Lender Group any other condition regarding any Letter of Credit, 
 and the result of the foregoing is to
increase, directly or indirectly, the cost (other than Taxes, which shall be governed by Section 16 of this Agreement) to Issuing Bank or any other member of the Lender Group of issuing, making, participating in, or
maintaining any Letter of Credit or to reduce the amount receivable in respect thereof, then, and in any such case, Agent may, at any time within a reasonable period after the additional cost is incurred or the amount received is reduced, notify
Borrower, and Borrower shall pay within 30 days after demand therefor, such amounts as Agent may specify to be necessary to compensate Issuing Bank or any other member of the Lender Group for such additional cost or reduced receipt, together with
interest on such amount from the date of such demand until payment in full thereof at the rate then applicable to 

  
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Base Rate Loans hereunder; provided, that (A) Borrower shall not be required to provide any compensation pursuant to this Section 2.11(j) for any such
amounts incurred more than 180 days prior to the date on which the demand for payment of such amounts is first made to Borrower, and (B) if an event or circumstance giving rise to such amounts is retroactive, then the 180-day period referred to above shall be extended to include the period of retroactive effect thereof. The determination by Agent of any amount due pursuant to this Section 2.11(j), as set
forth in a certificate setting forth the calculation thereof in reasonable detail, shall, in the absence of manifest or demonstrable error, be final and conclusive and binding on all of the parties hereto 

2.12. Application of Payments; Termination of Commitments; Prepayments. 

(a) Apportionment and Application. 

(i) So long as no Application Event has occurred and is continuing and except as otherwise provided herein with respect to Defaulting Lenders,
all principal and interest payments received by Agent shall be apportioned ratably among the Lenders (according to the unpaid principal balance of the Obligations to which such payments relate held by each Lender) and all payments of fees and
expenses received by Agent (other than fees or expenses that are for Agent’s separate account or for the separate account of Issuing Bank) shall be apportioned ratably among the Lenders having a Pro Rata Share of the type of Commitment or
Obligation to which a particular fee or expense relates. Subject to Section 2.12(a)(iv), Section 2.12(c)(ii), and Section 2.12(d), all payments to be made hereunder by
Borrower shall be remitted to Agent and all such payments, and all proceeds of Collateral received by Agent, shall be applied, so long as no Application Event has occurred and is continuing and except as otherwise provided herein with respect to
Defaulting Lenders, to reduce the balance of the Revolving Loans outstanding and, thereafter, to Borrower (to be wired to the Funding Account) or such other Person entitled thereto under applicable law. 

(ii) At any time that an Application Event has occurred and is continuing and except as otherwise provided herein with respect to Defaulting
Lenders, all Distributions shall be applied as follows: 
 (A) first, to pay any Lender Group Expenses (including cost or expense
reimbursements) or indemnities then due to Agent under the Loan Documents, until paid in full, 
 (B) second, to pay any fees or
premiums then due to Agent under the Loan Documents until paid in full, 
 (C) third, to pay interest due in respect of all
Protective Advances until paid in full, 
 (D) fourth, to pay the principal of all Protective Advances until paid in full, 

  
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 (E) fifth, ratably, to pay any Lender Group Expenses (including cost or expense
reimbursements) or indemnities then due to any of the Lenders or relating to the Loans under the Loan Documents, until paid in full, 
 (F)
sixth, ratably, to pay any fees or premiums then due to any of the Lenders under the Loan Documents until paid in full, 
 (G)
seventh, to pay interest accrued in respect of the Swing Loans until paid in full, 
 (H) eighth, to pay the principal of all
Swing Loans until paid in full, 
 (I) ninth, ratably, to pay interest accrued in respect of the remaining Loans until paid in full,

 (J) tenth, ratably (i) to pay the principal of all remaining Loans (other than the Term Loan) until paid in full,
(ii) to Agent, to be held by Agent, for the benefit of Issuing Bank (and for the ratable benefit of each of the Lenders that have an obligation to pay to Agent, for the account of Issuing Bank, a share of each unreimbursed drawing under each
Letter of Credit), as cash collateral in an amount up to 105% of the Maximum Undrawn Amount of all then outstanding Letters of Credit (to the extent permitted by applicable law, such cash collateral shall be applied to the reimbursement of any
unreimbursed drawings under Letters of Credit as and when such disbursement occurs and, if a Letter of Credit expires undrawn, the cash collateral held by Agent in respect of such Letter of Credit shall, to the extent permitted by applicable law, be
reapplied pursuant to this Section 2.12(a)(ii), beginning with tier (A) hereof), (iii) ratably, to the Bank Product Providers based upon amounts then certified by the applicable Bank Product Provider to Agent (in
form and substance satisfactory to Agent) to be due and payable to such Bank Product Providers on account of Bank Product Obligations, and (iv) to pay the outstanding principal balance of the Term Loan (in the inverse order of the maturity of
the installments due thereunder) until the Term Loan is paid in full, 
 (K) eleventh, to pay any other Obligations owing to Lenders
other than Obligations owed to Defaulting Lenders, 
 (L) twelfth, ratably, to pay any Obligations owing to Defaulting Lenders, and

 (M) thirteenth, to Borrower (to be wired to the Funding Account) or such other Person entitled thereto under applicable law. 

(iii) Agent promptly shall distribute to each Lender, pursuant to the applicable wire instructions received from each Lender in writing, such
funds as it may be entitled to receive, subject to a Settlement delay as provided in Section 2.6. 

  
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 (iv) In each instance, so long as no Application Event has occurred and is continuing,
Section 2.12(a)(i) shall not apply to any payment made by Borrower to Agent and specified by Borrower to be for the payment of specific Obligations then due and payable (or prepayable) under any provision of this Agreement
or any other Loan Document. 
 (v) For purposes of Section 2.12(a)(ii), “paid in full” of a type of
Obligation means payment in cash or immediately available funds of all amounts owing on account of such type of Obligation, including interest accrued after the commencement of any Insolvency Proceeding, default interest, interest on interest, and
expense reimbursements, irrespective of whether any of the foregoing would be or is allowed or disallowed in whole or in part in any Insolvency Proceeding. 

(vi) In the event of a direct conflict between the priority provisions of this Section 2.12 and any other provision
contained in this Agreement or any other Loan Document, it is the intention of the parties hereto that such provisions be read together and construed, to the fullest extent possible, to be in concert with each other. In the event of any actual,
irreconcilable conflict that cannot be resolved as aforesaid, if the conflict relates to the provisions of Section 2.9 and this Section 2.12, then the provisions of
Section 2.9 shall control and govern, and if otherwise, then the terms and provisions of this Section 2.12 shall control and govern. 

(b) Termination of Commitments. 

(i) Revolver Commitments. The Revolver Commitments shall terminate on the Maturity Date or such earlier date as determined by Agent
pursuant to Section 9.1. 
 (ii) Term Loan Commitments. The Term Loan Commitments shall terminate upon the
making of the Term Loan. 
 (c) Optional Prepayments. 

(i) Revolving Loans. Borrower may prepay the principal of any Revolving Loan at any time in whole or in part, without premium or
penalty. 
 (ii) Term Loan. Borrower may, upon at least 5 Business Days prior written notice to Agent, prepay the principal of the
Term Loan, in whole or in part. If prior to an Application Event any Lender holding the Term Loan waives in writing its right to any prepayment of the Term Loan described in the foregoing sentence, Agent will remit such amount when received,
ratably, to all other Lenders holding the Term Loan until the Term Loan held by such Lenders have been paid in full in cash. Each prepayment made pursuant to this Section 2.12(c)(ii) shall be accompanied by the payment of
accrued interest to the date of such payment on the amount prepaid. Each such prepayment shall be applied against the remaining installments of principal due on the Term Loan in the inverse order of maturity (for the avoidance of doubt, any amount
that is due and payable on the Maturity Date shall constitute an installment); provided, however, that notwithstanding the foregoing if no Default or Event of Default exists at the time of such prepayment, Borrower may designate any
such optional prepayment to be applied to future installments in direct order of maturity (to be applied first to the installment due on the date closest to the date of such prepayment); provided further that no more than 4-quarterly installments in direct order of maturity may be so designated in any 4-quarter period. Any such notice of prepayment will be irrevocable, provided,
however, that notwithstanding the foregoing, Borrower 

  
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may rescind one such notice during the term of this Agreement so long as: (A) the notice of rescission is in writing and signed by Borrower; (B) the notice of rescission is received by
Agent at least 2 Business Days prior to the date set forth as the date of any such prepayment in such notice; (C) no Default or Event of Default exists at the time such notice of rescission is received by Agent; and (D) no other notice of
rescission has at any time been delivered by Borrower. 
 (d) Mandatory Prepayments. 

(i) Overadvance. If, at any time the aggregate balance of Loans (other than the Term Loan) plus the Maximum Undrawn Amount of all
issued and outstanding Letters of Credit exceeds the Maximum Revolver Amount, then Borrower shall promptly, but in any event, within 1 Business Day prepay the Obligations in accordance with Section 2.12(e)(i) in an amount
equal to the amount of such excess. 
 (ii) Dispositions. Within 3 Business Days of the date of receipt by Parent or any of its
Subsidiaries of the Net Cash Proceeds of any voluntary or involuntary sale or disposition by Parent or any of its Subsidiaries of assets (including casualty losses or condemnations but excluding sales or dispositions which qualify as Permitted
Dispositions under clauses (a), (b), (c), (d), (e), (f), (i), (j), (k), (l), (m), or (n) of the definition of Permitted Dispositions), Borrower shall prepay the outstanding Obligations in accordance with
Section 2.12(e)(ii) in an amount equal to 100% of such Net Cash Proceeds (including condemnation awards and payments in lieu thereof) received by such Person in connection with such sales or dispositions; provided
that, so long as (A) no Default or Event of Default shall have occurred and is continuing or would result therefrom, (B) Borrower shall have given Agent prior written notice of Borrower’s intention to apply such monies to the costs of
replacement of the properties or assets that are the subject of such sale or disposition or the cost of purchase or construction of other assets useful in the business of Parent or its Subsidiaries, (C) the monies are held in a Deposit Account
in which Agent has a perfected first-priority security interest, and (D) Parent or its Subsidiaries, as applicable, complete such replacement, purchase, or construction within 180 days after the initial receipt of such monies, then the Loan
Party whose assets were the subject of such disposition (or within such 180 day period have entered into a binding contractual arrangement to complete such replacement, purchase, or construction, so long as such contractual arrangement is reasonably
satisfactory to Agent and such replacement, purchase, or construction is completed within 270 days after the initial receipt of such proceeds) shall have the option to apply such monies to the costs of replacement of the assets that are the subject
of such sale or disposition or the cost of purchase or construction of other assets useful in the business of parent or its Subsidiaries (or binding contractual obligations) unless and to the extent that such applicable period shall have expired
without such replacement, purchase, or construction being made or completed, in which case, any amounts remaining in the Deposit Account referred to in clause (C) above shall be paid to Agent and applied in accordance with
Section 2.12(e)(ii). Nothing contained in this Section 2.12(d)(ii) shall permit Parent or any of its Subsidiaries to sell or otherwise dispose of any assets other than in accordance with
Section 6.4. 
 (iii) Extraordinary Receipts. Within 3 Business Days of the date of receipt by Parent or
any of its Subsidiaries of any Extraordinary Receipts, Borrower shall prepay the outstanding principal amount of the Obligations in accordance with Section 2.12(e)(ii) in an amount equal to 100% of such Extraordinary
Receipts, net of any reasonable expenses incurred in 

  
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collecting such Extraordinary Receipts; provided that, so long as (A) no Default or Event of Default shall have occurred and is continuing or would result therefrom, (B) Borrower
shall have given Agent prior written notice of Borrower’s intention to apply such monies to the cost of purchase or construction of assets useful in the business of Parent or its Subsidiaries, (C) the monies are held in a Deposit Account
in which Agent has a perfected first-priority security interest, and (D) Parent or its Subsidiaries, as applicable, complete such purchase or construction within 180 days after the initial receipt of such monies, then the Loan Parties (or
within such 180 day period have entered into a binding contractual arrangement to complete such purchase or construction, so long as such contractual arrangement is reasonably satisfactory to Agent and such purchase or construction is completed
within 270 days after the initial receipt of such Extraordinary Receipts) shall have the option to apply such monies to cost of purchase or construction of assets useful in the business of parent or its Subsidiaries (or binding contractual
obligations) unless and to the extent that such applicable period shall have expired without such purchase or construction being made or completed, in which case, any amounts remaining in the Deposit Account referred to in clause (C) above
shall be paid to Agent and applied in accordance with Section 2.12(e)(ii). 
 (iv) Indebtedness. Within 1
Business Day of the date of incurrence by Parent or any of its Subsidiaries of any Indebtedness (other than Permitted Indebtedness), Borrower shall prepay the outstanding principal amount of the Obligations in accordance with
Section 2.12(e)(ii) in an amount equal to 100% of the Net Cash Proceeds received by such Person in connection with such incurrence. The provisions of this Section 2.12(e)(iv) shall not be deemed to
be implied consent to any such incurrence otherwise prohibited by the terms of this Agreement. 
 (v) [Reserved]. 

(vi) Excess Cash Flow. Within 10 days of delivery to Agent of audited annual financial statements pursuant to
Section 5.1, commencing with the delivery to Agent of the financial statements for Parent’s fiscal year ended December 31, 2017 but excluding the delivery to the Agent of the financial statements for Parent’s
fiscal year ended December 31, 2018 or, if such financial statements are not delivered to Agent on the date such statements are required to be delivered pursuant to Section 5.1, within 10 days after the date such
statements were required to be delivered to Agent pursuant to Section 5.1, Borrower shall prepay the outstanding principal amount of the Obligations in accordance with Section 2.12(e) in an amount
equal to (1) the Applicable Percentage of the Excess Cash Flow of Parent and its Subsidiaries for such fiscal year, minus (2) the aggregate amount of all voluntary prepayments in respect of the outstanding principal balance of the
Term Loan made by Borrower during such fiscal year, minus (3) the amount of all voluntary prepayments in respect of the outstanding balance of Revolving Loans to the extent accompanied by a reduction of the Revolving Loan Commitment with
respect thereto; provided, that any Excess Cash Flow payment made pursuant to this Section 2.12(d)(vi) shall exclude the portion of Excess Cash Flow that is attributable to the target of a Permitted Acquisition and
that accrued prior to the closing date of such Permitted Acquisition. 
 (vii) Curative Equity. Within 1 Business Day of the date of
receipt by Borrower of the proceeds of any Curative Equity pursuant to Section 9.3, Borrower shall prepay the outstanding principal of the Obligations in accordance with Section 2.12(e)(ii) in an
amount equal to 100% of such proceeds. 

  
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 (e) Application of Payments. 

(i) Each prepayment pursuant to Section 2.12(d)(i) shall, (A) so long as no Application Event shall have
occurred and be continuing, be applied, first, to the outstanding principal amount of the Loans (other than the Term Loan) until paid in full, and second, to cash collateralize the Letters of Credit in an amount equal to of the Maximum Undrawn
Amount of all then outstanding Letters of Credit, and (B) if an Application Event shall have occurred and be continuing, be applied in the manner set forth in Section 2.12(a)(ii). 

(ii) Each prepayment pursuant to Section 2.12(d)(ii), 2.12(d)(iii), 2.12(d)(iv), 2.12(d)(vi) or
2.12(d)(vii) shall (A) so long as no Application Event shall have occurred and be continuing, be applied, first, to the outstanding principal amount of the Term Loan until paid in full, second, to the outstanding principal amount of the
other Loans (with, at the election of the Revolving Lenders a corresponding permanent reduction in the Maximum Revolver Amount except with respect to a prepayment pursuant to Section 2.12(d)(vii)), until paid in full, and
third, to cash collateralize the Letters of Credit in an amount equal to of the Maximum Undrawn Amount of all then outstanding Letters of Credit (with, at the election of the Revolving Lenders, a corresponding permanent reduction in the Maximum
Revolver Amount except with respect to a prepayment pursuant to Section 2.12(d)(vii)), and (B) if an Application Event shall have occurred and be continuing, be applied in the manner set forth in
Section 2.12(a)(ii). If, prior to an Application Event, any Lender waives in writing its right to any prepayment of the Loans or cash collateralization of the then outstanding Letters of Credit described in the foregoing
subclause (A), Agent will remit such amount when received, ratably, to all other Lenders until the principal amount of the Loans held by such other Lenders have been paid in full in cash and of the Maximum Undrawn Amount of all then outstanding
Letters of Credit is cash collateralized in the order set forth in subclause (A). Each such prepayment of the Term Loan shall be applied against the remaining installments of principal of the Term Loan in the inverse order of maturity (for the
avoidance of doubt, any amount that is due and payable on the Maturity Date shall constitute an installment). 
 2.13. Payment of
Obligations. Borrower promises to pay all of the Obligations (including principal, interest, premiums, if any, fees, costs, and expenses (including Lender Group Expenses)) in full on the Maturity Date or, if earlier, on the date on which the
Obligations (other than the Bank Product Obligations, which are due and payable as provided therein) become due and payable pursuant to the terms of this Agreement. Borrower agrees that its obligations contained in this
Section 2.13 shall survive payment or satisfaction in full of all other Obligations. Except to the extent provided to the contrary herein, all costs and expenses payable hereunder or under any of the other Loan Documents,
all Lender Group Expenses and all amounts payable under Section 2.15(c) shall be due and payable on the earlier of (x) the first day of the month following the date on which the applicable costs, expenses, Lender Group
Expenses or amounts payable under Section 2.15(c) were first incurred or (y) the date on which demand therefor is made by Agent (it being acknowledged and agreed that any charging of such costs, expenses, Lender Group
Expenses or amounts due under Section 2.15(c) to the Loan Account pursuant to the provisions of the following sentence shall be deemed to constitute a demand for payment thereof for the purposes of this subclause (y);
provided, that notwithstanding anything herein to the contrary, the Loan Account may not be charged for Lender Group Expenses to the extent an Overadvance would be caused thereby, unless Borrower has first been given 3 Business Days to pay such
Lender Group 

  
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Expenses). Borrower hereby authorizes Agent, from time to time without prior notice to Borrower, to charge to the Loan Account as a Revolving Loan made as a Base Rate Loan or, at the discretion
of Swing Loan Lender, as a Swing Loan: (a) all payments with respect to any of the Obligations required hereunder (including without limitation principal payments, payments of interest, payments of Letter of Credit Fees, payments of all other
fees provided for hereunder and payments under Section 10.3) as and when each such payment shall become due and payable (whether as regularly scheduled, upon or after acceleration, upon maturity or otherwise), and
(b) without limiting the generality of the foregoing clause (a), (i) all amounts expended by Agent pursuant to any other Section of this Agreement, the Guaranty and Security Agreement or any other Loan Document, (ii) all expenses which
Agent incurs in connection with the forwarding of Loan proceeds, and (iii) any other sums expended by Agent due to Borrower’s failure to perform or comply with its obligations under this Agreement, the Guaranty and Security Agreement or
any other Loan Document. All amounts referenced in this Section 2.13 shall constitute Obligations, and, if not charged to the Loan Account as a Revolving Loan maintained as a Base Rate Loan, shall be due and payable on
demand by Agent or, if the Loans are then due and payable in full or an Event of Default exists under Section 8.4 or 8.5, due and payable when incurred without demand. To the extent Revolving Loans are not actually
funded by the other Lenders in respect of any such amounts so charged, all such amounts so charged shall be deemed to be Revolving Loans made by and owing to Agent and Agent shall be entitled to all rights (including accrual of interest) and
remedies of a Lender under this Agreement and the other Loan Documents with respect to such Revolving Loans. 
 2.14. Interest Rates
and Letter of Credit Fees: Rates, Payments, and Calculations. 
 (a) Interest. Interest on Loans shall be payable in arrears
on the first Business Day of each calendar month with respect to Base Rate Loans and, with respect to LIBOR Rate Loans, at the end of each Interest Period; provided that all accrued and unpaid interest shall be due and payable on the earlier of the
Maturity Date or the date such Loans are otherwise due and payable. Interest charges shall be computed on the actual principal amount of Loans outstanding during the month at a rate per annum equal to (a) with respect to Loans other than the
Term Loan and Letters of Credit, the Revolving Interest Rate, and (b) with respect to the Term Loan, the Term Loan Rate (as applicable, the “Contract Rate”). Except as expressly provided otherwise in this Agreement, any
Obligations other than the Loans that are not paid when due shall accrue interest at the Revolving Interest Rate for Base Rate Loans, subject to the provision of the final sentence of this Section 2.14 regarding the Default
Rate. Whenever, subsequent to the date of this Agreement, the Alternate Base Rate is increased or decreased, the applicable Contract Rate for Base Rate Loans shall be similarly changed without notice or demand of any kind by an amount equal to the
amount of such change in the Alternate Base Rate during the time such change or changes remain in effect. The LIBOR Rate shall be adjusted with respect to LIBOR Rate Loans without notice or demand of any kind on the effective date of any change in
the Reserve Percentage as of such effective date. Upon the occurrence and during the continuation of any Specified Event of Default all or any portion of the Obligations (except for undrawn Letters of Credit), as determined by Agent or the Required
Lenders, that have been charged to the Loan Account pursuant to the terms hereof or are otherwise then due and payable, shall bear interest at the applicable Contract Rate plus two percent (2%) per annum (as applicable, the “Default
Rate”). 

  
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 (b) Letter of Credit Fees. Borrower shall pay (i) to Agent, for the ratable
benefit of Lenders holding Revolving Commitments, fees for each Letter of Credit for the period from and excluding the date of issuance of same to and including the date of expiration or termination, equal to the average daily face amount of each
outstanding Letter of Credit multiplied by the Applicable LIBOR Rate Margin for Revolving Loans, such fees to be calculated on the basis of a 360-day year for the actual number of days elapsed and to be
payable quarterly in arrears on the first day of each calendar quarter and on the Maturity Date (or if sooner, such other date as the Obligations are, or are required to be, paid in full), and (ii) to Issuing Bank, a fronting fee of one eighth
of one percent (0.125%) per annum times the average daily face amount of each outstanding Letter of Credit for the period from and excluding the date of issuance of same to and including the date of expiration or termination, to be payable quarterly
in arrears on the first day of each calendar quarter and on the Maturity Date (or if sooner, such other date as the Obligations are, or are required to be, paid in full (all of the foregoing fees, the “Letter of Credit Fees”). In
addition, Borrower shall pay to Agent, for the benefit of Issuing Bank, any and all administrative, issuance, amendment, payment and negotiation charges with respect to Letters of Credit and all fees and expenses, in the case of each of the
foregoing, as agreed upon by Issuing Bank and the Borrower, in connection with any Letter of Credit, including in connection with the opening, amendment or renewal of any such Letter of Credit and any acceptances created thereunder, all such
charges, fees and expenses, if any, to be payable on demand. All such charges shall be deemed earned in full on the date when the same are due and payable hereunder and shall not be subject to rebate or
pro-ration upon the termination of this Agreement for any reason. Any such charge in effect at the time of a particular transaction shall be the charge for that transaction, notwithstanding any subsequent
change in Issuing Bank’s prevailing charges for that type of transaction. Upon the occurrence and during the continuation of any Specified Event of Default, the Letter of Credit Fees described in clause (i) of this
Section 2.14(b) shall be increased by an additional two percent (2.0%) per annum. 
 (c) Computation of Interest
and Fees. Interest and fees chargeable under the Loan Documents shall be computed on the basis of a year of 360 days and for the actual number of days elapsed. If any payment to be made hereunder becomes due and payable on a day other than a
Business Day, the due date thereof shall be extended to the next succeeding Business Day and interest thereon shall be payable at the applicable Contract Rate (or Default Rate, if applicable) during such extension. 

(d) Maximum Charges. In no event whatsoever shall interest and other charges charged hereunder exceed the highest rate permissible under
applicable law. In the event interest and other charges as computed hereunder would otherwise exceed the highest rate permitted under applicable law: (i) the interest rates hereunder will be reduced to the maximum rate permitted under
applicable law; (ii) such excess amount shall be first applied to any unpaid principal balance owed by Borrower; and (iii) if the then remaining excess amount is greater than the previously unpaid principal balance, Lenders shall promptly
refund such excess amount to Borrower and the provisions hereof shall be deemed amended to provide for such permissible rate. 
 2.15.
Fees. 
 (a) Fee Letter Fees. Borrower shall pay the amounts required to be paid in the Fee Letter in the manner and at
the times required by the Fee Letter. 

  
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 (b) Unused Line Fee. If, for any day in each calendar quarter during the term of this
Agreement, the daily unpaid balance of the sum of Revolving Loans plus Swing Loans plus the Maximum Undrawn Amount of all outstanding Letters of Credit (the “Usage Amount”) does not equal the Maximum Revolving Loan
Amount, then Borrower shall pay to Agent, for the ratable benefit of the Lenders with a Revolving Commitment, a fee at a rate equal to the Applicable Unused Line Fee Rate on the amount by which the Maximum Revolving Loan Amount on such day exceeds
such Usage Amount (the “Facility Fee”). Such Facility Fee shall be payable to Agent in arrears on the first Business Day of each calendar quarter with respect to each day in the previous calendar quarter and on the Maturity Date
(or, if earlier, the date on which the Obligations are, or are required to be, paid in full) with respect to the portion of calendar quarter ending on such date. 

(c) Financial Examination and Other Fees. Borrower shall pay to Agent, financial examination and valuation fees and charges, as and when
incurred or chargeable, as follows (i) a fee of $1,000 per day, per examiner, plus out-of-pocket expenses (including travel, meals, and lodging) for each financial
examination of Borrower performed by personnel employed by Agent, and (ii) the fees or charges paid or incurred by Agent (but, in any event, no less than a charge of $1,000 per day, per Person, plus out-of-pocket expenses (including travel, meals, and lodging)) if it elects to employ the services of one or more third Persons to perform financial examinations of Parent or its Subsidiaries, to appraise the
Collateral, or any portion thereof, or to assess Parent’s or its Subsidiaries’ business/recurring revenue valuation; provided, that so long as no Event of Default shall have occurred and be continuing, Borrower shall not be
obligated to reimburse Agent for more than 1 field examination during any calendar year or more than 1 business/recurring revenue valuation during any calendar year. 

2.16. Special Provisions Applicable to LIBOR Rate. 

(a) The LIBOR Rate may be adjusted by Agent with respect to any Lender on a prospective basis to take into account any additional or increased
costs to such Lender of maintaining or obtaining any eurodollar deposits or increased costs, in each case, due to changes in applicable law occurring subsequent to the commencement of the then applicable Interest Period, including any Changes in Law
(including any changes in tax laws (except changes of general applicability in corporate income tax laws)) and changes in the reserve requirements imposed by the Board of Governors, which additional or increased costs would increase the cost of
funding or maintaining loans bearing interest at the LIBOR Rate. In any such event, the affected Lender shall give Borrower and Agent written notice (which shall include a certificate setting forth in reasonable detail the basis for adjusting such
LIBOR Rate and the method for determining the amount of such adjustment) of such a determination and adjustment and Agent promptly shall transmit the notice to each other Lender and, upon its receipt of the notice from the affected Lender, Borrower
may, by notice to such affected Lender (A) require such Lender to furnish to Borrower a statement setting forth in reasonable detail the basis for adjusting such LIBOR Rate and the method for determining the amount of such adjustment, or
(B) repay the LIBOR Rate Loans of such Lender with respect to which such adjustment is made (together with any amounts due under Section 2.2(g)). Notwithstanding the foregoing, Borrower shall not be required to
compensate any Lender pursuant to this Section 2.16(a) for such additional or increased costs incurred more than 180 days prior to the date that such Lender delivers such certificate; provided, that if the change in
applicable law giving rise to such additional or increased costs is retroactive then the 180-day period referred to above shall be extended to include the period of retroactive effect thereof. 

  
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 (b) Basis For Determining Interest Rate Inadequate or Unfair. In the event
that Agent or any Lender shall have determined that: 
 (i) reasonable means do not exist for ascertaining the LIBOR Rate applicable
pursuant to Section 2.2 hereof for any Interest Period; 
 (ii) Dollar deposits in the relevant amount and for the
relevant maturity are not available in the London interbank LIBOR market, with respect to an outstanding LIBOR Rate Loan, a proposed LIBOR Rate Loan, or a proposed conversion of a Base Rate Loan into a LIBOR Rate Loan; 

(iii) the making, maintenance or funding of any LIBOR Rate Loan has been made impracticable or unlawful by compliance by Agent or such Lender
in good faith with any Applicable Law or any interpretation or application thereof by any Governmental Authority or with any request or directive of any such Governmental Authority (whether or not having the force of law); or 

(iv) the LIBOR Rate will not adequately and fairly reflect the cost to Agent or such Lender of the establishment or maintenance of any LIBOR
Rate Loan, 
 then Agent shall give Borrower prompt written or telephonic notice of such determination. If such notice is given, (i) any such requested
LIBOR Rate Loan shall be made as a Base Rate Loan, unless Borrower shall notify Agent no later than 1:00 p.m. two (2) Business Days prior to the date of such proposed borrowing, that its request for such borrowing shall be cancelled or made as
an unaffected type of LIBOR Rate Loan, (ii) any Base Rate Loan or LIBOR Rate Loan which was to have been converted to an affected type of LIBOR Rate Loan shall be continued as or converted into a Base Rate Loan, or, if Borrower shall notify
Agent, no later than 1:00 p.m. two (2) Business Days prior to the proposed conversion, shall be maintained as an unaffected type of LIBOR Rate Loan, and (iii) any outstanding affected LIBOR Rate Loans shall be converted into a Base Rate
Loan, or, if Borrower shall notify Agent, no later than 1:00 p.m. two (2) Business Days prior to the last Business Day of the then current Interest Period applicable to such affected LIBOR Rate Loan, shall be converted into an unaffected type
of LIBOR Rate Loan, on the last Business Day of the then current Interest Period for such affected LIBOR Rate Loans (or sooner, if Agent or such Lender cannot continue to lawfully maintain such affected LIBOR Rate Loan). Until such notice has been
withdrawn, neither Agent nor Lenders shall have any obligation to make an affected type of LIBOR Rate Loan or maintain outstanding affected LIBOR Rate Loans and no Borrower shall have the right to convert a Base Rate Loan or an unaffected type of
LIBOR Rate Loan into an affected type of LIBOR Rate Loan. 
 2.17. Capital Requirements. 

(a) If, after the Closing Date, Issuing Bank or any Lender determines that (i) any Change in Law regarding capital or reserve requirements
for banks or bank holding companies, or (ii) compliance by Issuing Bank or such Lender, or their respective parent bank holding companies, with any guideline, request or directive of any Governmental Authority regarding capital adequacy
(whether or not having the force of law), has the effect of reducing the return on Issuing Bank’s, such Lender’s, or such holding companies’ capital as a consequence of 

  
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Issuing Bank’s or such Lender’s commitments hereunder to a level below that which Issuing Bank, such Lender, or such holding companies could have achieved but for such Change in Law or
compliance (taking into consideration Issuing Bank’s, such Lender’s, or such holding companies’ then existing policies with respect to capital adequacy and assuming the full utilization of such entity’s capital) by any amount
deemed by Issuing Bank or such Lender to be material, then Issuing Bank or such Lender may notify Borrower and Agent thereof. Following receipt of such notice, Borrower agrees to pay Issuing Bank or such Lender on demand the amount of such reduction
of return of capital as and when such reduction is determined, payable within 90 days after presentation by Issuing Bank or such Lender of a statement in the amount and setting forth in reasonable detail Issuing Bank’s or such Lender’s
calculation thereof and the assumptions upon which such calculation was based (which statement shall be deemed true and correct absent manifest error). In determining such amount, Issuing Bank or such Lender may use any reasonable averaging and
attribution methods. Failure or delay on the part of Issuing Bank or any Lender to demand compensation pursuant to this Section shall not constitute a waiver of Issuing Bank’s or such Lender’s right to demand such compensation;
provided that Borrower shall not be required to compensate Issuing Bank or a Lender pursuant to this Section for any reductions in return incurred more than 180 days prior to the date that Issuing Bank or such Lender notifies Borrower of such
Change in Law giving rise to such reductions and of such Lender’s intention to claim compensation therefor; provided further that if such claim arises by reason of the Change in Law that is retroactive, then the 180-day period referred to above shall be extended to include the period of retroactive effect thereof. 

(b) If Issuing Bank or any Lender requests additional or increased costs referred to in Section 2.11(j) or
Section 2.16(a) or amounts under Section 2.17(a) or sends a notice under Section 2.16(b) relative to changed circumstances (such Issuing Bank or Lender, an
“Affected Lender”), then such Affected Lender shall use reasonable efforts to promptly designate a different one of its lending offices or to assign its rights and obligations hereunder to another of its offices or branches, if
(i) in the reasonable judgment of such Affected Lender, such designation or assignment would eliminate or reduce amounts payable pursuant to Section 2.11(j), Section 2.16(a) or
Section 2.17(a), as applicable, or would eliminate the illegality or impracticality of funding or maintaining LIBOR Rate Loans and (ii) in the reasonable judgment of such Affected Lender, such designation or assignment
would not subject it to any material unreimbursed cost or expense and would not otherwise be materially disadvantageous to it. Borrower agrees to pay all reasonable
out-of-pocket costs and expenses incurred by such Affected Lender in connection with any such designation or assignment. If, after such reasonable efforts, such Affected
Lender does not so designate a different one of its lending offices or assign its rights to another of its offices or branches so as to eliminate Borrower’s obligation to pay any future amounts to such Affected Lender pursuant to
Section 2.11(j), Section 2.16(a) or Section 2.17(a), as applicable, or to enable Borrower to obtain LIBOR Rate Loans, then Borrower (without prejudice to any amounts then
due to such Affected Lender under Section 2.11(j), Section 2.16(a) or Section 2.17(a), as applicable) may, unless prior to the effective date of any such assignment the
Affected Lender withdraws its request for such additional amounts under Section 2.11(j), Section 2.16(a) or Section 2.17(a), as applicable, or indicates that it is no
longer unlawful or impractical to fund or maintain LIBOR Rate Loans, may designate a different Issuing Bank or substitute a Lender, in each case, reasonably acceptable to Agent to purchase the Obligations owed to such Affected Lender and such
Affected Lender’s commitments hereunder (a “Replacement Lender”), and if such Replacement Lender 

  
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agrees to such purchase, such Affected Lender shall assign to the Replacement Lender its Obligations and commitments, and upon such purchase by the Replacement Lender, which such Replacement
Lender shall be deemed to be “Issuing Bank” or a “Lender” (as the case may be) for purposes of this Agreement and such Affected Lender shall cease to be “Issuing Bank” or a “Lender” (as the case may be) for
purposes of this Agreement. 
 (c) Notwithstanding anything herein to the contrary, the protection of
Sections 2.11(j), 2.16(a), and 2.17 shall be available to Issuing Bank and each Lender (as applicable) regardless of any possible contention of the invalidity or inapplicability of the law, rule, regulation,
judicial ruling, judgment, guideline, treaty or other change or condition which shall have occurred or been imposed, so long as it shall be customary for issuing banks or lenders affected thereby to comply therewith. Notwithstanding any other
provision herein, neither Issuing Bank nor any Lender shall demand compensation pursuant to this Section 2.17 if it shall not at the time be the general policy or practice of Issuing Bank or such Lender (as the case may be)
to demand such compensation in similar circumstances under comparable provisions of other credit agreements, if any. 
 3. CONDITIONS; TERM OF
AGREEMENT. 
 3.1. Conditions Precedent to the Initial Extension of Credit. The obligation of each Lender to make the
initial extensions of credit provided for hereunder is subject to the fulfillment, to the satisfaction of Agent and each Lender, of each of the conditions precedent set forth on Schedule 3.1 (the making of such initial extensions of credit by
a Lender being conclusively deemed to be its satisfaction or waiver of the conditions precedent). 
 3.2. Conditions Precedent to all
Extensions of Credit. The obligation of the Lender Group (or any member thereof) to make any Revolving Loans hereunder (or to extend any other credit hereunder) at any time shall be subject to the following conditions precedent: 

(a) the representations and warranties of Parent or its Subsidiaries contained in this Agreement or in the other Loan Documents shall be true
and correct in all material respects (except that such materiality qualifier shall not be applicable to any representations and warranties that already are qualified or modified by materiality in the text thereof) on and as of the date of such
extension of credit, as though made on and as of such date (except to the extent that such representations and warranties relate solely to an earlier date, in which case such representations and warranties shall be true and correct in all material
respects (except that such materiality qualifier shall not be applicable to any representations and warranties that already are qualified or modified by materiality in the text thereof) as of such earlier date); and 

(b) no Default or Event of Default shall have occurred and be continuing on the date of such extension of credit, nor shall either result from
the making thereof. 
 3.3. Maturity. This Agreement shall continue in full force and effect for a term ending on the Maturity
Date. 

  
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 3.4. Effect of Maturity. On the Maturity Date, all commitments of the Lender
Group to provide additional credit hereunder shall automatically be terminated and all of the Obligations immediately shall become due and payable without notice or demand and Borrower shall be required to repay all of the Obligations in full. No
termination of the obligations of the Lender Group (other than payment in full of the Obligations and termination of the Commitments) shall relieve or discharge any Loan Party of its duties, obligations, or covenants hereunder or under any other
Loan Document and Agent’s Liens in the Collateral shall continue to secure the Obligations and shall remain in effect until all Obligations have been paid in full and the Commitments have been terminated. When all of the Obligations have been
paid in full and the Lender Group’s obligations to provide additional credit under the Loan Documents have been terminated irrevocably, Agent will, at Borrower’s sole expense, execute and deliver any termination statements, lien releases,
discharges of security interests, and other similar discharge or release documents (and, if applicable, in recordable form) as are reasonably necessary to release, as of record, Agent’s Liens and all notices of security interests and liens
previously filed by Agent. 
 3.5. Early Termination by Borrower. Borrower has the option, at any time upon 5 Business Days
prior written notice to Agent, to terminate this Agreement and terminate the Commitments hereunder by repaying to Agent all of the Obligations in full. The foregoing notwithstanding, (a) Borrower may rescind termination notices relative to
proposed payments in full of the Obligations with the proceeds of third party Indebtedness if the closing for such issuance or incurrence does not happen on or before the date of the proposed termination (in which case, a new notice shall be
required to be sent in connection with any subsequent termination), and (b) Borrower may extend the date of termination at any time with the consent of Agent (which consent shall not be unreasonably withheld or delayed). 

3.6. Conditions Subsequent. The obligation of the Lender Group (or any member thereof) to continue to make Revolving Loans (or
otherwise extend credit hereunder) is subject to the fulfillment, on or before the date applicable thereto, of the conditions subsequent set forth on Schedule 3.6 (the failure by Borrower to so perform or cause to be performed such conditions
subsequent as and when required by the terms thereof (unless such date is extended, in writing (including via email), by Agent, which Agent may do without obtaining the consent of the other members of the Lender Group), shall constitute an Event of
Default). 
 4. REPRESENTATIONS AND WARRANTIES. 

In order to induce the Lender Group to enter into this Agreement, each Loan Party makes the following representations and warranties to the
Lender Group which shall be true, correct, and complete, in all material respects (except that such materiality qualifier shall not be applicable to any representations and warranties that already are qualified or modified by materiality in the text
thereof), as of the Closing Date and/or the Third Amendment Effective Date, as applicable, and shall be true, correct, and complete, in all material respects (except that such materiality qualifier shall not be applicable to any representations and
warranties that already are qualified or modified by materiality in the text thereof), as of the date of the making of each Revolving Loan (or other extension of credit) made thereafter, as though made on and as of the date of such Revolving Loan
(or other extension of credit) (except to the extent that such representations and warranties relate solely to an earlier date, in which case such representations and warranties shall be true and correct in all material respects (except that such
materiality qualifier shall not be applicable to any representations and warranties that already are qualified or modified by materiality in the text thereof) as of such earlier date) and such representations and warranties shall survive the
execution and delivery of this Agreement: 

  
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 4.1. Due Organization and Qualification; Subsidiaries. 

(a) Each Loan Party (i) is duly organized and existing and in good standing under the laws of the jurisdiction of its organization,
(ii) is qualified to do business in any state where the failure to be so qualified could reasonably be expected to result in a Material Adverse Effect, and (iii) has all requisite power and authority to own and operate its properties, to
carry on its business as now conducted and as proposed to be conducted, to enter into the Loan Documents to which it is a party and to carry out the transactions contemplated thereby. 

(b) Set forth on Schedule 4.1(b) (as such Schedule may be updated from time to time to reflect changes resulting from transactions
permitted under this Agreement) is a complete and accurate description of the authorized Equity Interests of Parent, by class, and, as of the Closing Date and/or, solely with respect to SpeechIQ Guarantor, the Third Amendment Effective Date, as
applicable, a description of the number of shares of each such class that are issued and outstanding. Parent is not subject to any obligation (contingent or otherwise) to repurchase or otherwise acquire or retire any shares of its Equity Interests
or any security convertible into or exchangeable for any of its Equity Interests. 
 (c) Set forth on Schedule 4.1(c) (as such
Schedule may be updated from time to time to reflect changes resulting from transactions permitted under this Agreement), is a complete and accurate list of the Loan Parties’ direct and indirect Subsidiaries, showing: (i) the number of
shares of each class of common and preferred Equity Interests authorized for each of such Subsidiaries, and (ii) the number and the percentage of the outstanding shares of each such class owned directly or indirectly by Parent. All of the
outstanding Equity Interests of each such Subsidiary has been validly issued and is fully paid and non-assessable. 

(d) There are no subscriptions, options, warrants, or calls relating to any shares of any Loan Party’s or its Subsidiaries’ Equity
Interests, including any right of conversion or exchange under any outstanding security or other instrument. 
 4.2. Due Authorization;
No Conflict. 
 (a) As to each Loan Party, the execution, delivery, and performance by such Loan Party of the Loan Documents to which
it is a party have been duly authorized by all necessary action on the part of such Loan Party. 
 (b) As to each Loan Party, the execution,
delivery, and performance by such Loan Party of the Loan Documents to which it is a party do not and will not (i) violate any material provision of federal, state, or local law or regulation applicable to any Loan Party or its Subsidiaries, the
Governing Documents of any Loan Party or its Subsidiaries, or any order, judgment, or decree of any court or other Governmental Authority binding on any Loan Party or its Subsidiaries, (ii) conflict with, result in a breach of, or constitute
(with due notice or lapse of time or both) a default under any Material Contract of any Loan Party or its Subsidiaries except to the extent that any such conflict, breach or default could not individually or in the aggregate

  
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reasonably be expected to have a Material Adverse Effect, (iii) result in or require the creation or imposition of any Lien of any nature whatsoever upon any assets of any Loan Party, other
than Permitted Liens, or (iv) require any approval of any holder of Equity Interests of a Loan Party or any approval or consent of any Person under any Material Contract of any Loan Party, other than consents or approvals that have been
obtained and that are still in force and effect and except, in the case of Material Contracts, for consents or approvals, the failure to obtain the same could not individually or in the aggregate reasonably be expected to cause a Material Adverse
Effect. 
 4.3. Governmental Consents. The execution, delivery, and performance by each Loan Party of the Loan Documents to
which such Loan Party is a party and the consummation of the transactions contemplated by the Loan Documents do not and will not require any registration with, consent, or approval of, or notice to, or other action with or by, any Governmental
Authority, other than registrations, consents, approvals, notices, or other actions that have been obtained and that are still in force and effect and except for filings and recordings with respect to the Collateral to be made, or otherwise
delivered to Agent for filing or recordation, as of the Closing Date, and/or the Third Amendment Effective Date, as applicable. 
 4.4.
Binding Obligations; Perfected Liens. 
 (a) Each Loan Document has been duly executed and delivered by each Loan Party that is
a party thereto and is the legally valid and binding obligation of such Loan Party, enforceable against such Loan Party in accordance with its respective terms, except as enforcement may be limited by equitable principles or by bankruptcy,
insolvency, reorganization, moratorium, or similar laws relating to or limiting creditors’ rights generally. 
 (b) Agent’s Liens
are validly created, perfected (other than (i) in respect of motor vehicles that are subject to a certificate of title, (ii) money, (iii) letter-of-credit
rights (other than supporting obligations), (iv) commercial tort claims that are in the aggregate less than $50,000, and (v) any Deposit Accounts and Securities Accounts not subject to a Control Agreement as permitted by
Section 7(k)(iv) of the Guaranty and Security Agreement, and subject only to the filing of financing statements, the recordation of the Copyright Security Agreement and the recordation of the Mortgages, in each case, in the appropriate filing
offices), and are first priority Liens, subject only to Liens permitted pursuant to clauses (d), (e), (f), (g), (h), (i), (j), (k), (l), (n), (q), (r) of the definition of Permitted Liens. 

4.5. Title to Assets; No Encumbrances. Each of the Loan Parties and its Subsidiaries has (a) good, sufficient and legal
title to (in the case of fee interests in Real Property), (b) valid leasehold interests in (in the case of leasehold interests in real or personal property), and (c) good and marketable title to (in the case of all other personal
property), all of their respective assets reflected in their most recent financial statements delivered pursuant to Section 5.1, in each case except for assets disposed of since the date of such financial statements to the
extent permitted hereby. All of such assets are free and clear of Liens except for Permitted Liens. 
 4.6. Litigation. 

(a) There are no actions, suits, or proceedings pending or, to the knowledge of the Loan Parties, after due inquiry, threatened in writing
against a Loan Party or any of its Subsidiaries that either individually or in the aggregate could reasonably be expected to result in a Material Adverse Effect. 

  
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 (b) Schedule 4.6(b) sets forth a complete and accurate description, with respect to
each of the actions, suits, or proceedings with asserted liabilities in excess of, or that could reasonably be expected to result in liabilities in excess of, $50,000 that, as of the Closing Date and/or, solely with respect to SpeechIQ Guarantor,
the Third Amendment Effective Date, as applicable, is pending or, to the knowledge of the Loan Parties, threatened in writing against a Loan Party or any of its Subsidiaries, of (i) the parties to such actions, suits, or proceedings,
(ii) the nature of the dispute that is the subject of such actions, suits, or proceedings, (iii) the procedural status, as of the Closing Date and/or, solely with respect to SpeechIQ Guarantor, the Third Amendment Effective Date, as
applicable, with respect to such actions, suits, or proceedings, and (iv) whether any liability of the Loan Parties’ and their Subsidiaries in connection with such actions, suits, or proceedings is covered by insurance. 

4.7. Compliance with Laws. No Loan Party nor any of its Subsidiaries (a) is in violation of any applicable laws, rules,
regulations, executive orders, or codes (including Environmental Laws) that, individually or in the aggregate, could reasonably be expected to result in a Material Adverse Effect, or (b) is subject to or in default with respect to any final
judgments, writs, injunctions, decrees, rules or regulations of any court or any federal, state, municipal or other governmental department, commission, board, bureau, agency or instrumentality, domestic or foreign, that, individually or in the
aggregate, could reasonably be expected to result in a Material Adverse Effect. 
 4.8. No Material Adverse Effect. All
historical financial statements relating to Parent and its Subsidiaries that have been delivered by any of the Loan Parties to Agent have been prepared in accordance with GAAP (except, in the case of unaudited financial statements, for the lack of
footnotes and being subject to year-end audit adjustments) and present fairly in all material respects, the Parent’s and its Subsidiaries’ consolidated financial condition as of the date thereof and
results of operations for the period then ended. Since December 31, 2015, no event, circumstance, or change has occurred that has or could reasonably be expected to result in a Material Adverse Effect with respect to the Loan Parties and their
Subsidiaries. 
 4.9. Solvency. 

(a) The Loan Parties, taken as a whole, are Solvent. 

(b) No transfer of property is being made by any Loan Party and no obligation is being incurred by any Loan Party in connection with the
transactions contemplated by this Agreement or the other Loan Documents with the intent to hinder, delay, or defraud either present or future creditors of such Loan Party. 

4.10. Employee Benefits. No Loan Party, none of its Subsidiaries, nor any of their respective ERISA Affiliates maintains,
contributes to or has an obligation to contribute to any Benefit Plan. 

  
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 4.11. Environmental Condition. Except as set forth on Schedule 4.11,
(a) to the Loan Parties’ knowledge, no Loan Party’s nor any of its Subsidiaries’ properties or assets has ever been used by a Loan Party, its Subsidiaries, or by previous owners or operators in the disposal of, or to produce,
store, handle, treat, release, or transport, any Hazardous Materials, where such disposal, production, storage, handling, treatment, release or transport was in violation, in any material respect, of any applicable Environmental Law and reasonably
could be expected to result in a Material Adverse Effect, (b) to the Loan Parties’ knowledge, after due inquiry, no Loan Party’s nor any of its Subsidiaries’ properties or assets has ever been designated or identified in any
manner pursuant to any environmental protection statute as a Hazardous Materials disposal site which designation or identification reasonably could be expected to result in a Material Adverse Effect, (c) no Loan Party nor any of its
Subsidiaries has received any written notice that a Lien arising under any Environmental Law has attached to any revenues or to any Real Property owned or operated by a Loan Party or its Subsidiaries, and (d) no Loan Party nor any of its
Subsidiaries nor any of their respective facilities or operations is subject to any outstanding written order, consent decree, or settlement agreement with any Person relating to any Environmental Law or Environmental Liability that, individually or
in the aggregate, could reasonably be expected to result in a Material Adverse Effect. 
 4.12. Complete Disclosure. All
factual information (taken as a whole) (other than forward looking information and projections and information of a general economic nature and general information about any Loan Party’s industry) furnished by or on behalf of a Loan Party or
its Subsidiaries in writing to Agent or any Lender (including all information contained in the Schedules hereto or in the other Loan Documents) for purposes of or in connection with this Agreement, the other Loan Documents, or any transaction
contemplated herein or therein is, and all other such factual information taken as a whole (other than forward-looking information and projections and information of a general economic nature and general information about any Loan Party’s
industry) hereafter furnished by or on behalf of a Loan Party or its Subsidiaries in writing to Agent or any Lender will be, true and accurate, in all material respects, on the date as of which such information is dated or certified and not
incomplete by omitting to state any fact necessary to make such information (taken as a whole) not misleading in any material respect at such time in light of the circumstances under which such information was provided. The Projections delivered to
Agent as of the Closing Date represent, and as of the date on which any other Projections are delivered to Agent, such additional Projections represent, the Loan Parties’ good faith estimate, on the date such Projections are delivered, of the
Loan Parties’ and their Subsidiaries’ future performance for the periods covered thereby based upon assumptions believed by the Loan Parties’ to be reasonable at the time of the delivery thereof to Agent (it being understood that such
Projections are subject to significant uncertainties and contingencies, many of which are beyond the control of the Loan Parties and their Subsidiaries, and no assurances can be given that such Projections will be realized, and although reflecting
the Loan Parties’ good faith estimate, projections or forecasts based on methods and assumptions which the Loan Parties believed to be reasonable at the time such Projections were prepared, are not to be viewed as facts, and that actual results
during the period or periods covered by the Projections may differ materially from projected or estimated results). 

  
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 4.13. Material Contracts. Set forth on Schedule 4.13 (as updated from
time to time) is a reasonably detailed description of the Material Contracts (other than the Advisory Agreement and the Applicable Affiliate Transaction Documents) of each Loan Party and its Subsidiaries; provided, however, that the Loan Parties may
amend Schedule 4.13 to add additional Material Contracts so long as such amendment occurs by written notice to Agent at the time that the Loan Parties provide their quarterly financial statements pursuant to
Section 5.1. Except for matters which, either individually or in the aggregate, could not reasonably be expected to result in a Material Adverse Effect, each Material Contract (other than those that have expired at the end
of their normal terms) (a) is in full force and effect and is binding upon and enforceable against the applicable Loan Party or its Subsidiary (except as enforcement may be limited by equitable principles or by bankruptcy, insolvency,
reorganization, moratorium, or similar laws relating to or limiting creditors’ rights in any jurisdiction generally) and, to the best of the Loan Parties’ knowledge, after due inquiry, each other Person that is a party thereto in
accordance with its terms, (b) has not been otherwise amended or modified (other than amendments or modifications permitted by Section 6.7), and (c) is not in default due to the action or inaction of the
applicable Loan Party or its Subsidiary in a manner that could not reasonably be expected to result in: (A) a Default or an Event of Default or (B) a Material Adverse Effect. 

4.14. Patriot Act. The Loan Parties, each of their respective Subsidiaries and each of their respective Affiliates are in
compliance with (a) the Trading with the Enemy Act, and each of the foreign assets control regulations of the United States Treasury Department (31 CFR, Subtitle B Chapter V, as amended) and any other enabling legislation or executive order
relating thereto, (b) the Patriot Act and (c) other Federal or State laws relating to “know your customer” and anti-money laundering rules and regulations. 

4.15. Indebtedness. Set forth on Schedule 4.14 is a true and complete list of all Indebtedness of (a) each Loan Party
(other than SpeechIQ Guarantor) and each of its Subsidiaries outstanding immediately prior to the Closing Date that is to remain outstanding immediately after giving effect to the closing hereunder on the Closing Date and such Schedule accurately
sets forth the aggregate principal amount of such Indebtedness as of the Closing Date and (b) SpeechIQ Guarantor and its Subsidiaries outstanding immediately prior to the Third Amendment Effective Date that is to remain outstanding immediately
after giving effect to the closing hereunder on the Third Amendment Effective Date and such Schedule accurately sets forth the aggregate principal amount of such Indebtedness as of the Third Amendment Effective Date. 

4.16. Payment of Taxes. Except as set forth in Schedule 4.16 and as otherwise permitted under
Section 5.5, all federal and other material tax returns and reports of each Loan Party and its Subsidiaries required to be filed by any of them have been timely filed, and all taxes shown on such tax returns to be due and
payable and all assessments, fees and other governmental charges upon a Loan Party and its Subsidiaries and upon their respective assets, income, businesses and franchises that are due and payable have been paid when due and payable. Each Loan Party
and each of its Subsidiaries have made adequate provision in accordance with GAAP for all taxes not yet due and payable. No Loan Party knows of any proposed tax assessment against a Loan Party or any of its Subsidiaries that is not being actively
contested by such Loan Party or such Subsidiary diligently, in good faith, and by appropriate proceedings; provided such reserves or other appropriate provisions, if any, as shall be required in conformity with GAAP shall have been made or
provided therefor. 

  
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 4.17. Margin Stock. No Loan Party nor any of its Subsidiaries is engaged
principally, or as one of its important activities, in the business of extending credit for the purpose of purchasing or carrying any Margin Stock. No part of the proceeds of the loans made to Borrower will be used to purchase or carry any Margin
Stock or to extend credit to others for the purpose of purchasing or carrying any Margin Stock or for any purpose that violates the provisions of Regulation T, U or X of the Board of Governors. 

4.18. Governmental Regulation. No Loan Party nor any of its Subsidiaries is subject to regulation under the Federal Power Act or
the Investment Company Act of 1940 or under any other federal or state statute or regulation which may limit its ability to incur Indebtedness or which may otherwise render all or any portion of the Obligations unenforceable. No Loan Party nor any
of its Subsidiaries is a “registered investment company” or a company “controlled” by a “registered investment company” or a “principal underwriter” of a “registered investment company” as such terms
are defined in the Investment Company Act of 1940. 
 4.19. Anti-Terrorism Laws; Anti-Corruption Laws. On the date specified in
item (d) on Schedule 3.6 (as may be extended pursuant to Section 3.6) and at all times thereafter, the Loan Parties’ policies and procedures are sufficient to ensure compliance by the Loan Parties, their Subsidiaries and their
respective directors, officers, employees and agents with Anti-Corruption Laws and applicable Sanctions. The Loan Parties, their Subsidiaries and their respective officers and directors and, to the knowledge of the Loan Parties, their respective
employees and agents, are in compliance with Anti-Corruption Laws and applicable Sanctions in all material respects. None of any Loan Party, any Subsidiary or, to the knowledge of any Loan Party, any of their respective directors, officers, agents
or employees that will act in any capacity in connection with or benefit from the credit facility established hereby is a Sanctioned Person. No Loan, use of proceeds or other transaction contemplated by this Agreement will violate Anti-Corruption
Laws or applicable Sanctions. 
 4.20. Employee and Labor Matters. There is (i) no unfair labor practice complaint pending
or, to the knowledge of the Loan Parties’, threatened against Parent or its Subsidiaries before any Governmental Authority and no grievance or arbitration proceeding pending or to the knowledge of the Loan Parties’ threatened against
Parent or its Subsidiaries which arises out of or under any collective bargaining agreement and that could reasonably be expected to result in a material liability, (ii) no strike, labor dispute, slowdown, stoppage or similar action or
grievance pending or to the knowledge of the Loan Parties’ threatened in writing against Parent or its Subsidiaries that could reasonably be expected to result in a material liability, or (iii) to the knowledge of the Loan Parties’,
after due inquiry, no union representation question existing with respect to the employees of Parent or its Subsidiaries and no union organizing activity taking place with respect to any of the employees of Parent or its Subsidiaries. None of Parent
or its Subsidiaries has incurred any liability or obligation under the Worker Adjustment and Retraining Notification Act or similar state law, which remains unpaid or unsatisfied. The hours worked and payments made to employees of Parent or its
Subsidiaries have not been in violation of the Fair Labor Standards Act or any other applicable legal requirements, except to the extent such violations could not, individually or in the aggregate, reasonably be expected to result in a Material
Adverse Effect. All material payments due from Parent or its Subsidiaries on account of wages and employee health and welfare insurance and other benefits have been paid or accrued as a liability on the books of Parent or its Subsidiaries, except
where the failure to do so could not, individually or in the aggregate, reasonably be expected to result in a Material Adverse Effect. 

  
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 4.21. Parent as a Holding Company. Parent is a holding company and does not
have any material liabilities (other than liabilities arising under the Loan Documents, the Advisory Agreement, the Acquisition Documents to which it is a party), own any material assets (other than the Equity Interests of Borrower and its other
Subsidiaries) or engage in any operations, activities or business (other than the ownership of Borrower and its other Subsidiaries and activities incidental to the direct and indirect ownership of its Subsidiaries, activities incidental to the
maintenance of its corporate existence, activities related to the debt and equity financing of its acquisition of the Borrower and the consummation of the transactions in connection therewith, and as otherwise expressly permitted by the Loan
Documents. 
 4.22. SpeechIQ Acquisition; Engage Acquisition. As of the Third Amendment Effective Date, to the knowledge of
Borrower, the SpeechIQ Acquisition Agreement Representations are true and correct in all material respects (or, if qualified by materiality under the terms thereof, in all respects). As of the Sixth Amendment Effective Date, to the knowledge of
Borrower, the Engage Acquisition Agreement Representations are true and correct in all material respects (or, if qualified by materiality under the terms thereof, in all respects). 

4.23. Merger Documentation Representations. As of the Fifth Amendment Effective Date, to the knowledge of the Loan Parties, the
Merger Documentation Representations are true and correct in all material respects (or, if qualified by materiality under the terms thereof, in all respects), except for Merger Documentation Representations which relate exclusively to an earlier
date, which shall be true and correct in all material respects (or, if qualified by materiality under the terms thereof, in all respects) on and as of such earlier date. 

4.24. Leases. Each Loan Party and its Subsidiaries enjoy peaceful and undisturbed possession under all leases material to their
business and to which they are parties or under which they are operating, and, subject to Permitted Protests, all of such material leases are valid and subsisting and no material default by the applicable Loan Party or its Subsidiaries exists under
any of them. 
 4.25. Hedge Agreements. On each date that any Hedge Agreement is executed by any Hedge Provider, Borrower and
each other Loan Party satisfy all eligibility, suitability and other requirements under the Commodity Exchange Act (7 U.S.C. § 1, et seq., as in effect from time to time) and the Commodity Futures Trading Commission regulations. 

4.26. Certificate of Beneficial Ownership. The Certificate of Beneficial Ownership executed and delivered to Agent and Lenders
for each Borrower on or prior to the Third Amendment Effective Date, as updated from time to time in accordance with this Agreement, is accurate, complete and correct as of the Third Amendment Effective Date and as of the date any such update is
delivered. 
 5. AFFIRMATIVE COVENANTS. 

The Loan Parties covenant and agree that, until termination of all of the Commitments and payment in full of the Obligations: 

  
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 5.1. Financial Statements, Reports, Certificates. Each Loan Party (as
applicable) (a) will deliver to Agent, with copies to each Lender, each of the financial statements, reports, and other items set forth on Schedule 5.1 no later than the times specified therein, (b) agrees that no Subsidiary of a
Loan Party will have a fiscal year different from that of Parent, (c) agrees to maintain a system of accounting that enables the Loan Parties to produce financial statements in accordance with GAAP, and (d) except as set forth on
Schedule 5.1(d), agrees that it will, and will cause each other Loan Party to, maintain in all material respects its billing systems/practices and shall only make material modifications thereto with notice to, and with the consent of, Agent,
which consent shall not be unreasonably withheld. 
 5.2. Reporting. The applicable Loan Parties will deliver to Agent (and if
so requested by Agent, with copies for each Lender) each of the reports set forth on Schedule 5.2 at the times specified therein. 

5.3. Existence. Except as otherwise permitted under Section 6.3 or
Section 6.4, each Loan Party will, and will cause each of their Subsidiaries to, at all times maintain and preserve in full force and effect such Person’s existence and good standing in its jurisdiction of organization
and, except as could not reasonably be expected to result in a Material Adverse Effect, good standing with respect to all other jurisdictions in which it is qualified to do business and any rights, franchises, permits, licenses, accreditations,
authorizations, or other approvals material to their businesses; provided, however, that no Loan Party or any of its Subsidiaries shall be required to preserve any such right or franchise, licenses or permits if such Person’s board of directors
(or similar governing body) shall determine that the preservation thereof is no longer desirable in the conduct of the business of such Person, and that the loss thereof is not disadvantageous in any material respect to such Person or to the
Lenders. 
 5.4. Maintenance of Properties. Each Loan Party will, and will cause each of its Subsidiaries to, maintain and
preserve all of its tangible property that are necessary or useful in the proper conduct of its business in good working order and condition, ordinary wear, tear, casualty, and condemnation and Permitted Dispositions excepted (and except where the
failure to do so could not reasonably be expected to result in a Material Adverse Effect) and comply with the material provisions of all material leases to which it is a party as lessee, so as to prevent the loss or forfeiture thereof, unless such
provisions are the subject of a Permitted Protest. 
 5.5. Taxes. Each Loan Party will, and will cause each of its Subsidiaries
to, pay in full before delinquency or before the expiration of any extension period all material governmental assessments and taxes imposed, levied, or assessed against any Loan Party or its Subsidiaries, or any of their respective assets or in
respect of any of its income, businesses, or franchises to be paid in full, before delinquency or before the expiration of any extension period, except to the extent that the validity of such governmental assessment or tax is the subject of a
Permitted Protest. 
 5.6. Insurance. The Loan Parties will, and will cause each of their Subsidiaries to, at the Loan
Parties’ expense, maintain insurance respecting each of the Loan Parties’ and their Subsidiaries’ assets wherever located, covering liabilities, losses or damages as are customarily are insured against by other Persons engaged in same
or similar businesses and similarly situated and located. The Loan Parties also shall maintain (with respect to each of the Loan Parties and their Subsidiaries) business interruption, general liability, product liability insurance (to the extent

  
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in effect on the Sixth Amendment Effective Date), director’s and officer’s liability insurance, as well as insurance against larceny, embezzlement and criminal misappropriation. All
such policies of insurance shall be with financially sound and reputable insurance companies acceptable to Agent (it being agreed that, as of the Closing Date, Travelers Property Cas Co. of America, AXIS Insurance Company, and Arch Insurance Group
are acceptable to Agent) and in such amounts as is carried generally in accordance with sound business practice by companies in similar businesses similarly situated and located and, in any event, in amount, adequacy, and scope reasonably
satisfactory to Agent (it being agreed that the amount, adequacy, and scope of the policies of insurance of the Loan Parties in effect as of the Sixth Amendment Effective Date are acceptable to Agent). All property insurance policies covering the
Collateral are to be made payable to Agent for the benefit of Agent and the Lenders, as their interests may appear, in case of loss, pursuant to a standard loss payable endorsement with a standard noncontributory “lender” or “secured
party” clause and are to contain such other provisions as Agent may reasonably require to fully protect the Lenders’ interest in the Collateral and to any payments to be made under such policies. All certificates of property and general
liability insurance are to be delivered to Agent, with the loss payable (but only in respect of Collateral) and additional insured endorsements in favor of Agent and shall provide for not less than 30 days (10 days in the case of non-payment) prior written notice to Agent of the exercise of any right of cancellation. If the Loan Parties fail to maintain such insurance, Agent may arrange for such insurance, but at the Loan Parties’
expense and without any responsibility on Agent’s part for obtaining the insurance, the solvency of the insurance companies, the adequacy of the coverage, or the collection of claims. The Loan Parties shall give Agent prompt notice of any loss
exceeding $100,000 covered by its or its Subsidiaries’ casualty or business interruption insurance. Upon the occurrence and during the continuance of an Event of Default, Agent shall have the sole right to file claims under any property and
general liability insurance policies in respect of the Collateral, to receive, receipt and give acquittance for any payments that may be payable thereunder, and to execute any and all endorsements, receipts, releases, assignments, reassignments or
other documents that may be necessary to effect the collection, compromise or settlement of any claims under any such insurance policies. 

5.7. Inspection. 

(a) The Loan Parties will, and will cause each of their Subsidiaries to, permit Agent and its duly authorized representatives or agents to
visit any of its properties and inspect any of its assets or books and records, to examine and make copies of its books and records, and to discuss its affairs, finances, and accounts with, and to be advised as to the same by, its officers and
employees (provided an authorized representative of the Loan Parties shall be given a reasonable opportunity to be present) at such reasonable times and intervals as Agent may designate and, so long as no Default or Event of Default has occurred and
is continuing, with reasonable prior notice to the Loan Parties and during regular business hours; provided, however, that so long as no Event of Default exists, the Loan Parties will only be obligated to reimburse Agent and
Agent’s employees or agents (and no other Lender or such other Lender’s employees or agents) for costs and expenses arising in connection with any such inspection. Any Lender or its duly authorized representatives or agents may accompany
Agent or any of its duly authorized representatives or agents at such Lender’s expense. 

  
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 (b) The Loan Parties will, and will cause each of their Subsidiaries to, permit Agent and
each of its duly authorized representatives or agents to conduct appraisals and valuations at such reasonable times and intervals as Agent may designate. 

5.8. Compliance with Laws. The Loan Parties will, and will cause each of their Subsidiaries to, comply with the requirements of
all applicable laws, rules, regulations, and orders of any Governmental Authority, other than laws, rules, regulations, and orders the non-compliance with which, individually or in the aggregate, could not
reasonably be expected to result in a Material Adverse Effect. The Loan Parties will maintain in effect and enforce policies and procedures designed to ensure compliance by the Loan Parties, their Subsidiaries and the respective directors, officers,
employees and agents of the foregoing with Anti-Corruption Laws and applicable Sanctions. 
 5.9. Environmental. The Loan
Parties will, and will cause each of their Subsidiaries to, 
 (a) Keep any property either owned or operated by Parent or its Subsidiaries
free of any Environmental Liens or post bonds or other financial assurances sufficient to satisfy the obligations or liability evidenced by such Environmental Liens, 

(b) Comply, in all material respects, with Environmental Laws and provide to Agent documentation of such compliance which Agent reasonably
requests where failure to do so reasonably could be expected to result in a Material Adverse Effect, 
 (c) Promptly notify Agent of any
release of which any Loan Party has knowledge of a Hazardous Material in any reportable quantity from or onto property owned or operated by Parent or its Subsidiaries, which release could reasonably be expected to result in a Material Adverse Effect
and take any Remedial Actions required to abate said release or otherwise to come into compliance, in all material respects, with applicable Environmental Law in each case where the failure to do so could reasonably be expected to result in a
Material Adverse Effect, and 
 (d) Promptly, but in any event within 10 days of its receipt thereof, provide Agent with written notice of
any of the following: (i) notice that an Environmental Lien has been filed against any of the real or personal property of Parent or its Subsidiaries, (ii) commencement of any Environmental Action or written notice that an Environmental
Action will be filed against Parent, or their Subsidiaries, which Environmental Action, if adversely resolved, could reasonably be expected to result in a Material Adverse Effect and (iii) notice of a violation, citation, or other
administrative order relating to Environmental Laws, which, if adversely resolved, could reasonably be expected to result in a Material Adverse Effect. 

5.10. Disclosure Updates. The Loan Parties will, promptly and in no event later than 5 Business Days after obtaining knowledge
thereof, notify Agent if any written information, exhibit, or report (other than projections and other forward looking statements) furnished to Agent or the Lenders contained, at the time it was furnished, any untrue statement of a material fact or
omitted to state any material fact necessary to make the statements contained therein (taken as a whole) not misleading in any material respect, in light of the circumstances in which made (it being understood that with respect to projections and
other forward-looking statements, the same are subject to the proviso in the last sentence of Section 4.16). The foregoing to the contrary notwithstanding, any notification pursuant to the foregoing provision will not cure
or remedy the effect of the prior untrue statement of a material fact or omission of any material fact nor shall any such notification have the effect of amending or modifying this Agreement or any of the Schedules hereto. 

  
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 5.11. Formation of Subsidiaries. The Loan Parties will, at the time that any
Loan Party forms any direct or indirect Subsidiary (other than a Subsidiary which is a CFC or an Excluded Domestic Subsidiary) or acquires any direct or indirect Subsidiary after the Closing Date, within 20 days of such formation or acquisition (or
such later date as permitted by Agent in its sole discretion) (a) cause such new Subsidiary to provide to Agent a joinder to the Guaranty and Security Agreement, together with such other security agreements (including mortgages with respect to
any Real Property owned in fee of such new Subsidiary with a fair market value greater than $250,000), as well as appropriate financing statements (and with respect to all property subject to a mortgage, fixture filings), all in form and substance
reasonably satisfactory to Agent (including being sufficient to grant Agent a first priority Lien (subject to Permitted Liens) in and to the assets of such newly formed or acquired Subsidiary); provided, that the joinder to the Guaranty and
Security Agreement, and such other security agreements shall not be required to be provided to Agent with respect to any Subsidiary of a Loan Party that is a CFC or an Excluded Domestic Subsidiary if providing such agreements would result in
material adverse tax consequences to the Loan Parties or the costs of the Loan Parties of providing such guaranty or such security agreement are unreasonably excessive (as determined by Agent in consultation with Borrower) in relation to the
benefits to Agent and Lenders of the security or guarantee thereby, (b) provide, or cause the applicable Loan Party to provide, to Agent a pledge agreement (or an addendum to the Guaranty and Security Agreement) and appropriate certificates and
powers or financing statements, pledging all of the direct or beneficial ownership interest in such new Subsidiary in form and substance reasonably satisfactory to Agent; provided, that only 65% of the total outstanding voting Equity
Interests of any first tier Subsidiary of any Loan Party that is a CFC or an Excluded Domestic Subsidiary (and none of the Equity Interests of any Subsidiary of such CFC or an Excluded Domestic Subsidiary) shall be required to be pledged if pledging
a greater amount would result in material adverse tax consequences or the costs of the Loan Parties of providing such pledge are unreasonably excessive (as determined by Agent in consultation with Borrower) in relation to the benefits to Agent and
Lenders of the pledge thereby (which pledge, if reasonably requested by Agent, shall be governed by the laws of the jurisdiction of such Subsidiary), and (c) provide to Agent all other documentation, including one or more opinions of counsel
reasonably satisfactory to Agent, which, in its opinion, is appropriate with respect to the execution and delivery of the applicable documentation referred to above (including policies of title insurance or other documentation with respect to all
Real Property owned in fee and subject to a Mortgage). Any document, agreement, or instrument executed or issued pursuant to this Section 5.11 shall constitute a Loan Document. 

5.12. Further Assurances. The Loan Parties will, at any time upon the reasonable request of Agent, execute or deliver to Agent
any and all financing statements, fixture filings, security agreements, pledges, assignments, mortgages, deeds of trust, opinions of counsel, and all other documents (the “Additional Documents”) that Agent may reasonably request in
form and substance reasonably satisfactory to Agent, to create, perfect, and continue perfected or to better perfect Agent’s Liens in all of the assets of Parent and its Subsidiaries (whether now owned or

  
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hereafter arising or acquired, tangible or intangible, real or personal but excluding assets that are expressly excluded from the Collateral pursuant to the terms of the Security Agreement), to
create and perfect Liens in favor of Agent in any Real Property acquired by any Loan Party with a fair market value in excess of $250,000, and in order to fully consummate all of the transactions contemplated hereby and under the other Loan
Documents; provided that the foregoing shall not apply to any Subsidiary of a Loan Party that is a CFC if providing such documents would result in material adverse tax consequences. To the maximum extent permitted by applicable law, if any
Loan Party refuses or fails to execute or deliver any reasonably requested Additional Documents within a reasonable period of time following the request to do so, each Loan Party authorizes Agent to execute any such Additional Documents in the
applicable Loan Party’s or its Subsidiary’s name, as applicable, and authorizes Agent to file such executed Additional Documents in any appropriate filing office. In furtherance of, and not in limitation of, the foregoing, each Loan Party
shall take such actions as Agent may reasonably request from time to time to ensure that the Obligations are guarantied by the Guarantors and are secured by substantially all of the assets of Parent and its Subsidiaries, including all of the
outstanding capital Equity Interests of Borrower and each Loan Party’s Subsidiaries (subject to exceptions and limitations contained in the Loan Documents with respect to CFCs or Excluded Domestic Subsidiaries). 

5.13. Lender Meetings. The Loan Parties will, within 120 days after the close of each fiscal year of Parent, at the request of
Agent or of the Required Lenders and upon reasonable prior notice, hold a meeting (at a mutually agreeable location and time or, at the option of Agent, by conference call) with all Lenders who choose to attend such meeting at which meeting shall be
reviewed the financial results of the previous fiscal year and the financial condition of Parent and its Subsidiaries and the projections presented for the current fiscal year of Parent. 

5.14. Bank Products. If on or before the 90th day after the Closing Date, the Loan Parties have failed to deliver to Agent duly
executed Control Agreements with respect to each Deposit Account of the Loan Parties maintained with Wells Fargo, the Loan Parties shall, within 150 days of the Closing Date, (a) close all such accounts with Wells Fargo that are not Excluded
Deposit and Securities Accounts (as defined in the Guaranty and Security Agreement), and provide evidence thereof to Agent in form reasonably satisfactory to Agent, and (b) establish their primary depository and treasury management
relationships with PNC or one or more of its Affiliates and will maintain such depository and treasury management relationships at all times during the term of the Agreement; provided, that if the Loan Parties are required to establish their
primary depository and treasury management relationships with PNC or one or more of its Affiliates, the Loan Parties shall use commercially reasonable efforts to so establish their primary depository and treasury management relationships with PNC
prior to the 135th day after the Closing Date. 
 5.15. Certificate of Beneficial Ownership and Other Additional Information.
The applicable Loan Parties will provide to Agent and the Lenders: (i) promptly, upon request, confirmation of the accuracy of the information set forth in the most recent Certificate of Beneficial Ownership provided to the Agent and Lenders;
(ii) (x) promptly, upon request and (y) concurrently with the monthly deliveries required under Schedule 5.1, a new Certificate of Beneficial Ownership, in form and substance reasonably acceptable to Agent and each Lender, when the
individual(s) to be identified as a Beneficial Owner have changed; and (iii) such other information and documentation as may reasonably be requested by Agent or any Lender from time to time for purposes of compliance by Agent or such Lender
with applicable laws (including without limitation the Patriot Act and other “know your customer” and anti-money laundering rules and regulations), and any policy or procedure implemented by Agent or such Lender to comply therewith. 

  
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 5.16. Amendments to SpeechIQ Acquisition Documentation or Engage Acquisition
Documentation. Promptly following execution thereof, copies of any amendment, supplement, waiver or other modification of the SpeechIQ Acquisition Documentation or the Engage Acquisition Documentation. 

5.17. Amendments to Merger Documentation. Promptly following execution thereof, copies of any amendment, supplement, waiver or
other modification of the Merger Agreement, each Support Agreement (as defined in the Merger Agreement) and the Sponsor Support Agreement (as defined in the Merger Agreement). 

5.18. Engage PPP Loan. The Loan Parties hereby covenant and agree that: 

(a) the Engage PPP Loan shall not be secured by any Collateral; 

(b) the Engage PPP Loan shall not be guaranteed by any Loan Party; 

(c) to the knowledge of the Loan Parties, the Engage Guarantor shall have used the proceeds of the Engage PPP Loan solely for purposes
permitted under the PPP Program and all regulations promulgated thereunder and all other applicable laws and shall not have used the proceeds of the Engage PPP Loan for any purpose prohibited under the PPP Program or any other applicable law; and

 (d) the Loan Parties shall provide evidence that the Engage Sellers have established and entered into the Engage PPP Loan Escrow
Agreement. 
 6. NEGATIVE COVENANTS. 

Each Loan Party covenants and agrees that, until termination of all of the Commitments and payment in full of the Obligations: 

6.1. Indebtedness. The Loan Parties will not, and will not permit any of their Subsidiaries to create, incur, assume, suffer to
exist, guarantee, or otherwise become or remain, directly or indirectly, liable with respect to any Indebtedness, except for Permitted Indebtedness. 

6.2. Liens. The Loan Parties will not, and will not permit any of their Subsidiaries to create, incur, assume, or suffer to
exist, directly or indirectly, any Lien on or with respect to any of its assets, of any kind, whether now owned or hereafter acquired, or any income or profits therefrom, except for Permitted Liens. 

  
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 6.3. Restrictions on Fundamental Changes. The Loan Parties will not, and will
not permit any of their Subsidiaries to, 
 (a) other than in order to consummate a Permitted Acquisition, enter into any merger,
consolidation, reorganization, or recapitalization, or reclassify its Equity Interests, except for (i) any merger between Loan Parties, provided, that a Domestic Subsidiary (other than an Excluded Domestic Subsidiary) must be the surviving
entity of any such merger to which Borrower is a party, and shall provide Agent at least 20 Business Days’ notice of such merger and execute all documentation reasonably requested by Agent to evidence such Person’s assumption of
Borrower’s Obligations, and no merger may occur between Parent and another Loan Party, (ii) any merger between a Loan Party and a Subsidiary of such Loan Party that is not a Loan Party so long as such Loan Party is the surviving entity of
any such merger, and (iii) any merger between Subsidiaries of Parent that are not Loan Parties, 
 (b) liquidate, wind up, or dissolve
itself (or suffer any liquidation or dissolution), except for (i) the liquidation or dissolution of non-operating Subsidiaries of Loan Parties with nominal assets and nominal liabilities, (ii) the
liquidation or dissolution of a Loan Party (other than Parent or Borrower) or any of its wholly-owned Subsidiaries so long as all of the assets (including any interest in any Equity Interests) of such liquidating or dissolving Loan Party or
Subsidiary are transferred to a Loan Party that is not liquidating or dissolving, or (iii) the liquidation or dissolution of a Subsidiary of Parent that is not a Loan Party (other than any such Subsidiary the Equity Interests of which (or any
portion thereof) is subject to a Lien in favor of Agent) so long as all of the assets of such liquidating or dissolving Subsidiary are transferred to a Subsidiary of Parent that is not liquidating or dissolving, or 

(c) suspend or cease operating a substantial portion of its or their business, except as permitted pursuant to clauses (a) or (b) above or
in connection with a transaction permitted under Section 6.4. 
 6.4. Disposal of Assets. Other than
Permitted Dispositions or transactions expressly permitted by Sections 6.3 or 6.9, the Loan Parties will not, and will not permit any of their Subsidiaries to convey, sell, lease, license, assign, transfer, or otherwise dispose of (or
enter into an agreement to convey, sell, lease, license, assign, transfer, or otherwise dispose of) any of their assets. 
 6.5. Nature
of Business. The Loan Parties will not, and will not permit any of their Subsidiaries to make any change in the nature of its or their principal business as described in Schedule 6.5 or acquire any properties or assets that are not
reasonably related to the conduct of such business activities; provided, that the foregoing shall not prevent Parent and its Subsidiaries from engaging in any business that is reasonably related, complementary or ancillary to its or their
business. 
 6.6. Prepayments and Amendments. The Loan Parties will not, and will not permit any of their Subsidiaries to, 

(a) Except in connection with Refinancing Indebtedness permitted by Section 6.1, 

(i) optionally prepay, redeem, defease, purchase, or otherwise acquire any Indebtedness of Parent or its Subsidiaries, other than (A) the
Obligations in accordance with this Agreement, (B) Permitted Intercompany Advances, (C) with respect to any Permitted Disposition, the amount of any Permitted Indebtedness (not to exceed for Parent and its

  
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Subsidiaries, with amounts prepaid pursuant to clause (E) below, $250,000 in the aggregate of any fiscal year) secured by any Permitted Lien on the asset subject to such Permitted
Disposition that is required to be, and is, repaid in connection with such Permitted Dispositions, (D) Indebtedness that is subordinated in right of payment to the Obligations to the extent the prepayment is expressly permitted at the time
under the terms of the applicable subordination agreement pursuant to which Agent is party or the prepayment is funded solely with the identifiable proceeds of a Qualified Equity Contribution substantially contemporaneously with the prepayment,
(E) Capital Lease Obligations (not to exceed for Parent and its Subsidiaries with amounts prepaid pursuant to clause (C) above, $250,000 in its aggregate in any fiscal year), (F) solely with respect to the Engage Earn-Out, payments to the extent permitted by clause (ii) or (iii) below or (G) the Engage PPP Loan so long as the payment is funded using the proceeds of the escrow arrangement in effect on the Sixth
Amendment Effective Date, or 
 (ii) make any payment on account of Indebtedness that has been contractually subordinated in right of
payment to the Obligations if such payment is not permitted at such time under the subordination terms and conditions; or 
 (iii) make any
payment on account of (i) the SpeechIQ Incentive Payment, (ii) the SpeechIQ Holdback, (iii) the Teckst Incentive Payment, (iv) the Teckst Holdback or (v) the Engage Earn-Out, unless,
in each case, (A) no Default or Event of Default shall have occurred and be continuing or would result therefrom and, in the case of any payment on account of subclauses (i) through (v), (B) immediately prior and immediately after giving
effect to each such payment, Liquidity was and would remain $2,000,000 or more; provided, that any payments made pursuant to this clause (iii) may be made without regard to the restrictions set forth in
sub-clauses (A) and (B) so long as any such payments are funded with (x) cash proceeds of direct or indirect common equity contributions (other than Curative Equity) in Borrower by Sponsor which are
substantially simultaneously applied to make such payment or (y) any issuance of equity interests that are not otherwise prohibited under this Agreement, in the case of clause (y) only, in form and substance reasonably satisfactory to
Agent (Agent hereby acknowledges and agrees that the proceeds of the transactions contemplated by the Merger Documentation will satisfy this clause (y)). If payments in connection with this clause (iii) are restricted as a result of the
occurrence of the events described in sub-clauses (A) or (B), or otherwise deferred in accordance with the SpeechIQ Acquisition Agreement, the Teckst Acquisition Agreement or the Engage Earn-Out, as applicable, such payments shall be deferred and any payments made in connection therewith shall be permitted solely when the occurrence of the events in
sub-clauses (A) or (B) have been cured or waived by Agent and Lenders. 
 (b) Directly or
indirectly, amend, modify, or change any of the terms or provisions of 
 (i) any agreement, instrument, document, indenture, or other
writing evidencing or concerning Permitted Indebtedness in any manner materially adverse to the interest of Agent or any Lender or which, by virtue of such amendment, modification or change would render such otherwise Permitted Indebtedness
prohibited under Section 6.1 of this Agreement, other than (A) the Obligations in accordance with this Agreement, (B) Permitted Intercompany Advances, and (C) Indebtedness permitted under clauses (c), (f),
(h), (j) and (k) of the definition of Permitted Indebtedness, 

  
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 (ii) the Advisory Agreement in any manner that would be adverse to the interests of the
Agent or the Lenders; provided, however, in connection with the consummation of an IPO, the Advisory Agreement may be amended to remove the requirement to pay the annual management fee and instead pay the Permitted Term Out Fee upon the occurrence
of such IPO, 
 (iii) any Material Contract (other than the Advisory Agreement) except to the extent that such amendment, modification or
change could not, individually or in the aggregate, reasonably be expected to be materially adverse to the interests of the Lenders, or 

(iv) the Governing Documents of any Loan Party or any of its Subsidiaries if the effect thereof, either individually or in the aggregate,
could reasonably be expected to be materially adverse to the interests of the Lenders. 
 6.7. Restricted Payments. The Loan
Parties will not, and will not permit any of their Subsidiaries or Parent to make any Restricted Payment; provided, that, so long as it is permitted by law, and so long as no Default or Event of Default shall have occurred and be continuing
or would result therefrom, 
 (a) Parent may make distributions to former employees, officers, or directors of Parent (or any spouses, ex-spouses, or estates of any of the foregoing) on account of repurchases or redemptions of Equity Interests of Parent held by such Persons; provided, that (i) the aggregate amount of all such
repurchases and such redemptions made by Parent during the term of this Agreement (other than in the fiscal years ending December 31, 2019 and December 31, 2020) plus the amount of Indebtedness outstanding under clause (l) of the
definition of Permitted Indebtedness, does not exceed $3,000,000 in the aggregate, and (ii) immediately prior and immediately after giving effect to such distribution and repurchase, Liquidity was and would remain $5,000,000 or more;
provided, further, that, in addition to the repurchases and redemptions referenced in clause (i) above, Parent may make (A) one repurchase of Management Incentive Units (as defined in the LiveVox TopCo LLC Agreement)
granted pursuant to the Management Incentive Unit Agreements during the fiscal year ending December 31, 2020 and (B) one repurchase of Management Incentive Units granted pursuant to the Management Incentive Unit Agreements during the
fiscal year ending December 31, 2021, in each case, so long as (x) the amount of each such repurchase plus the amount of Indebtedness outstanding under clause (u) of the definition of Permitted Indebtedness shall not exceed $5,500,000
in the aggregate, (y) immediately prior and immediately after giving effect to such distribution and/or repurchase, Liquidity shall not be less than $10,000,000 and (z) no Default or Event of Default has occurred and is continuing or would
result from the such distribution and/or repurchase, 
 (b) Parent may make distributions to former employees, officers, or directors of
Parent (or any spouses, ex-spouses, or estates of any of the foregoing), solely in the form of forgiveness of Indebtedness of such Persons owing to Parent on account of repurchases of the Equity Interests of
Parent held by such Persons; provided that such Indebtedness was incurred by such Persons solely to acquire Equity Interests of Parent; and 

  
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 (c) the Borrower and any of its Subsidiaries may make Dividends to Parent (which Parent may
pay to any direct or indirect parent company of Parent so long as such entity is a member of the consolidated, combined or similar tax group of Borrower and is liable under applicable law for taxes imposed on the income of Borrower) to permit Parent
(or any such direct or indirect parent company) to pay, for any taxable period for which Borrower and its Subsidiaries are members of a consolidated, combined or similar income tax group for U.S. federal and/or applicable state or local income tax
purposes (a “Tax Group”) of which Parent (or any direct or indirect parent company of Parent) is the common parent, any consolidated, combined or similar income Taxes of such Tax Group that are due and payable by Parent (or such
direct or indirect parent company of Parent) for such taxable period, but only to the extent attributable to the taxable income of Borrower and its Subsidiaries. 

6.8. Accounting Methods. The Loan Parties will not, and will not permit any of their Subsidiaries to modify or change its fiscal
year or its method of accounting (other than as may be required to conform to GAAP). 
 6.9. Investments. The Loan Parties will
not, and will not permit any of their Subsidiaries or Parent to, directly or indirectly, make or acquire any Investment or incur any liabilities (including contingent obligations) for or in connection with any Investment except for Permitted
Investments. 
 6.10. Transactions with Affiliates. The Loan Parties will not, and will not permit any of their Subsidiaries
to, directly or indirectly, enter into or permit to exist any transaction with any Affiliate of Parent or any of its Subsidiaries except for: 

(a) transactions (other than the payment of management, consulting, monitoring, or advisory fees) between Parent or its Subsidiaries, on the
one hand, and any Affiliate of Parent or its Subsidiaries, on the other hand, so long as such transactions (i) are fully disclosed to Agent and each Lender prior to the consummation thereof, if they involve one or more payments by Parent or its
Subsidiaries in excess of $250,000 for any single transaction or series of related transactions, and (ii) are no less favorable, taken as a whole, to Parent or its Subsidiaries, as applicable, than would be obtained in an arm’s length
transaction with a non-Affiliate, 
 (b) so long as it has been approved by Parent’s or its
applicable Subsidiary’s board of directors (or comparable governing body) in accordance with applicable law, any indemnity provided for the benefit of executive officers and directors (or equivalent position with respect to Parent’s
Subsidiaries) of Parent or the applicable Subsidiary, 
 (c) so long as it has been approved by the applicable Loan Party’s or their
applicable Subsidiary’s board of directors (or comparable governing body) in accordance with applicable law, the payment of reasonable fees, compensation, or employee benefit arrangements to employees, officers, and outside directors of the
Loan Parties and their Subsidiaries in the ordinary course of business and consistent with industry practice, 
 (d) transactions permitted
by Section 6.3 or Section 6.7, or any Permitted Intercompany Advance, 

  
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 (e) the payment, pursuant to the Advisory Agreement, of (i) management, consulting,
monitoring, and advisory fees to Sponsor or its Affiliates in an aggregate amount not to exceed the amount set forth in the Advisory Agreement as in effect on the Closing Date in any calendar year of Parent, so long as (x) no Default or Event
of Default has occurred and is continuing or would result therefrom, and (y) after taking into account all such payments to be made on any date, the Loan Parties would have Liquidity of at least $2,500,000; provided, that if at any time
any such management, consulting, monitoring or advisory fees to Sponsor or its Affiliates are not permitted to be paid as a result of the failure to satisfy either of the conditions set forth in subclauses (x) or (y) of this
Section 6.10(e), then (1) such amounts shall continue to accrue, and (2) any such amounts that have accrued but which were not permitted to be paid may be paid in any subsequent quarter so long as each of the
conditions set forth in subclauses (x) or (y) of this Section 6.10(e) are satisfied at the time of the making of such payments, and such accrued amount paid does not exceed the amount permitted in clause (i) above
in any calendar year, and (ii) reasonable out-of-pocket expenses of Sponsor or its Affiliates, 

(f) the payment pursuant to the Advisory Agreement of transaction fees charged by Sponsor for providing services to Parent and its Subsidiaries
in connection with a Permitted Acquisition so long as (i) such transaction fees are paid at or substantially concurrent with the closing of such Permitted Acquisition, (ii) no Default or Event of Default has occurred and is continuing or
would result therefrom, (iii) after taking into account all such payments to be made on any date, the Loan Parties would have Liquidity of at least $2,500,000, and (iv) such transaction fees do not exceed an amount equal to the amount
required pursuant to the Advisory Agreement as in effect on the Closing Date for any Permitted Acquisition (provided that such amount may be increased by an amount equal to the proceeds of any Qualified Equity Contribution substantially
contemporaneously with the closing of such Permitted Acquisition which are not used to finance a portion of the Purchase Price for such Permitted Acquisition), 

(g) if the Advisory Agreement is amended in accordance with the terms of this Agreement to require payment of the Permitted Term-Out Fee, payment of the Permitted Term Out Fee as required by the Advisory Agreement, 
 (h) the
following transactions among the Loan Parties and their Subsidiaries, in each case so long as they are, in the ordinary course of business, no less favorable to a Loan Party than would be obtained in an arm’s length transaction, and in
conformance with the legal requirement of the various tax laws of the jurisdictions in which the Loan Parties and their Subsidiaries operate: (i) transfer pricing charges among the Loan Parties and their Subsidiaries in respect of the sale of
software products, hardware products, and the provision of related professional services to end users; and (ii) internal research and development services, maintenance support services, back-office charges and matters ancillary thereto, 

(i) reasonable out-of-pocket expenses (including in connection
with service on the board or directors of Parent) pursuant to any financial advisory, financing, underwriting, or placement agreement or in respect of other investment banking activities, including in connection with acquisitions or divestitures
that are permitted by this Agreement, or 
 (j) reasonable
out-of-pocket expenses with respect to services provided by Sponsor in relation to Permitted Acquisitions following the Closing Date; 

  
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 (k) agreements for the non-exclusive licensing of
intellectual property among Parent and its Subsidiaries for the purpose of the licensee thereof operating its business (and not for the purpose of sale or licensing to third parties), and agreements for the assignment of intellectual property from
Parent or any of its Subsidiaries to any Loan Party; 
 (l) agreements or arrangements with such Person (or any of its Subsidiaries)
identified in writing by Borrower to Agent and Lenders prior to the Closing Date with respect to co-marketing and cross marketing of software or similar products and sharing of services (which may include, but
is not limited to, sharing telecom and data center infrastructure, financial reporting and other back office functions) so long as collectively such arrangements are reasonably expected to result in a net increase of revenue or a net decrease of
expenses to Parent and its Subsidiaries (taken as a whole); and 
 (m) transactions among Loan Parties not otherwise prohibited pursuant to
the terms of this Agreement. 
 Notwithstanding Section 6.7 hereof, to the extent any of the payments that are permitted to be
made pursuant to this Section 6.10 are in respect of obligations of Parent, any Subsidiary of Parent shall be permitted to make a distribution to Parent in the amount of any such obligation so as to provide Parent with a
source of funding for such payment. 
 6.11. Use of Proceeds. The Loan Parties will not, and will not permit any of their
Subsidiaries to use the proceeds of any Loan made hereunder for any purpose other than (a) with respect to the Closing Date Term Loan on the Closing Date, (i) to repay, in full, the outstanding principal, accrued interest, and accrued
fees and expenses owing to the Existing Lenders, and (ii) to pay the fees, costs, and expenses incurred in connection with this Agreement, the other Loan Documents, and the transactions contemplated hereby and thereby, in each case, as set
forth in the Closing Date Disbursement Letter, (b) with respect to the Third Amendment Term Loan on the Third Amendment Closing Date, to pay the fees, costs and expenses incurred in connection with the SpeechIQ Acquisition Documentation, and
the transactions contemplated thereby, as set forth in the Third Amendment Disbursement Letter, and (c) at all other times, consistent with the terms and conditions hereof, with respect to all Loans for their lawful and permitted purposes
(including that no part of the proceeds of the Loans made to Borrower will be used in violation of any applicable law or to purchase or carry any Margin Stock or to extend credit to others for the purpose of purchasing or carrying any such Margin
Stock or for any purpose that violates the provisions of Regulation T, U or X of the Board of Governors). The Borrower will not request any Loan, and no Loan Party shall use, and each shall procure that their Subsidiaries and the respective
directors, officers, employees and agents of each of the foregoing shall not use, the proceeds of any Loan directly or, to the knowledge of any Loan Party, indirectly (x) 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, (y) for the purpose of funding, financing or facilitating any activities, business or transaction of or with any Sanctioned
Person or in any Sanctioned Country, to the extent such activities, business or transaction would be prohibited by Sanctions if conducted by a corporation incorporated in the United States or a European Union member state or (z) in any manner
that would immediately (after the expiration of any notice, cure or similar period) result in the violation of any Sanctions applicable to any party hereto. 

  
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 6.12. Limitation on Issuance of Equity Interests. Except for the issuance or
sale of Qualified Equity Interests by Parent or Equity Interests of any Subsidiary of Parent to Parent or another Subsidiary of Parent, the Loan Parties will not, and will not permit any of their Subsidiaries to issue or sell or enter into any
agreement or arrangement for the issuance or sale of any of its Equity Interests. 
 6.13. Parent as Holding Company. Parent
shall not incur any liabilities (other than liabilities arising under the Loan Documents, the Advisory Agreement and in connection with its acquisition of the Borrower), own or acquire any assets (other than the Equity Interests of Borrower and its
other Subsidiaries) or engage itself in any operations or business, except in connection with its ownership of Borrower and its other Subsidiaries and its rights and obligations under the Loan Documents and activities incidental to the direct and
indirect ownership of its Subsidiaries, activities incidental to the maintenance of its corporate existence, activities related to any debt and equity financing of its acquisition of the Borrower and the consummation of the transactions related
thereto. 
 6.14. OFAC; Patriot Act. No Loan Party shall, and no Loan Party shall permit any of its Subsidiaries to fail to
comply with the laws, regulations and executive orders referred to in Section 4.19 hereof. 
 6.15.
Amendments to SpeechIQ Acquisition Documentation or Engage Acquisition Documentation. Borrower shall not amend, supplement or otherwise modify (pursuant to a waiver or otherwise) the terms and conditions of the SpeechIQ Acquisition
Documentation or the Engage Acquisition Agreement, in each case, in a manner materially adverse to the interests of the Lenders. 
 6.16.
Amendments to Management Incentive Documentation. The Loan Parties will not, and will not permit any of their Subsidiaries or Parent to, amend, supplement or otherwise modify (pursuant to a waiver or otherwise) the terms and conditions
of the Management Incentive Documentation in a manner materially adverse to the interests of the Lender Group. 
 6.17. Amendments to
Merger Documentation. The Loan Parties will not, and will not permit any of their Subsidiaries or Parent to, amend, supplement or otherwise modify (pursuant to a waiver or otherwise) the terms and conditions of the Merger Documentation in a
manner materially adverse to the interests of the Lender Group without the prior written consent of the Lender Group (such consent not to be unreasonably withheld, conditioned or delayed). 

7. FINANCIAL COVENANTS. 
 Each of Loan
Party covenants and agrees that, until termination of all of the Commitments and payment in full of the Obligations, the Loan Parties will: 

(a) Minimum Recurring Revenues. With respect to each measurement period specified below ending prior to the Covenant Conversion Date,
achieve Recurring Revenues, measured on a quarter-end basis, of at least the required amount set forth in the following table for the applicable four-quarter period ending on the date set forth opposite
thereto: 

  
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	 Applicable Amount
	  	 Applicable Period End

	 $86,010,000
	  	March 31, 2020
	 $87,408,000
	  	June 30, 2020
	 $88,300,000
	  	September 30, 2020
	 $91,703,000
	  	December 31, 2020
	 $95,032,000
	  	March 31, 2021
	 $98,302,000
	  	June 30, 2021
	 $101,511,000
	  	September 30, 2021
	 $104,651,000
	  	December 31, 2021

 (b) Minimum Liquidity. At all times during the period commencing on the Closing Date and ending on the
last day of the calendar month in which the Covenant Conversion Date occurs, maintain Liquidity of at least $2,000,000 at any time. 
 (c)
Fixed Charge Coverage Ratio. Commencing on the Covenant Conversion Date, maintain a Fixed Charge Coverage Ratio, measured on a quarter-end basis of at least the applicable ratio set forth in the
following table for the applicable four-quarter period ending on the date set forth opposite thereto: 
  

			
	 Applicable Ratio
	  	 Applicable Period End

	 1.07 to 1.00
	  	March 31, 2022 (and for each March 31, June 30, September 30 and December 31 four-quarter period ending prior to March 31, 2022 to the extent the Covenant Conversion Date has
occurred)
	 1.14 to 1.00
	  	June 30, 2022
	 1.16 to 1.00
	  	September 30, 2022
	 1.32 to 1.00
	  	December 31, 2022
	 1.38 to 1.00
	  	March 31, 2023
	 1.38 to 1.00
	  	June 30, 2023
	 1.38 to 1.00
	  	September 30, 2023 and the last day of each fiscal quarter thereafter

  
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 (d) Leverage Ratio. Commencing on the Covenant Conversion Date, maintain a Leverage
Ratio, measured on a quarter-end basis, of not more than the ratio set forth in the following table for the applicable four-quarter period ending on the date set forth opposite thereto (for the avoidance of
doubt, the amounts set forth below for periods prior to March 31, 2022 apply solely to the extent the Covenant Conversion Date has occurred as of the applicable measurement date): 

 

			
	 Applicable Ratio
	  	 Applicable Period End

	 5.39 to 1.00
	  	March 31, 2022 (and for each March 31, June 30, September 30 and December 31 four-quarter period ending prior to March 31, 2022 to the extent the Covenant Conversion Date has
occurred)
	 4.99 to 1.00
	  	June 30, 2022
	 4.71 to 1.00
	  	September 30, 2022
	 4.35 to 1.00
	  	December 31, 2022
	 3.97 to 1.00
	  	March 31, 2023
	 3.64 to 1.00
	  	June 30, 2023
	 3.35 to 1.00
	  	September 30, 2023 and the last day of each fiscal quarter thereafter

 8. EVENTS OF DEFAULT. 

Any one or more of the following events shall constitute an event of default (each, an “Event of Default”) under this
Agreement: 
 8.1. Payments. If Borrower fails to pay when due and payable, or when declared due and payable, (a) all or
any portion of the Obligations consisting of interest, fees, or charges due the Lender Group, reimbursement of Lender Group Expenses, or other amounts (other than any portion thereof constituting principal) constituting Obligations (including any
portion thereof that accrues after the commencement of an Insolvency Proceeding, regardless of whether allowed or allowable in whole or in part as a claim in any such Insolvency Proceeding), and such failure continues for a period of 3 Business
Days, (b) all or any portion of the principal of the Loans, or (c) any amount payable to Issuing Bank in reimbursement of any drawing under a Letter of Credit; 

  
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 8.2. Covenants. If any Loan Party or any of its Subsidiaries: 

(a) fails to perform or observe any covenant or other agreement contained in any of (i) Sections 3.6, 5.3 (solely if a Loan
Party is not in good standing in its jurisdiction of organization), 5.6, 5.7 (solely if a Loan Party refuses to allow Agent or its representatives or agents to visit any Loan Party’s properties, inspect its assets or books or
records, examine and make copies of its books and records, or discuss such Loan Party’s affairs, finances, and accounts with officers and employees of such Loan Party), 5.10, 5.11, 5.13 or 5.14 of this Agreement,
(ii) Section 6 of this Agreement, (iii) Section 7 of this Agreement, or (iv) Section 7 of the Guaranty and Security Agreement; 

(b) fails to perform or observe any covenant or other agreement contained in any of Sections 5.1 or 5.2 of this Agreement and
such failure continues for a period of 5 days after the date such covenant was to have been performed or observed; 
 (c) fails to perform or
observe any covenant or other agreement contained in any of Sections 5.3 (other than if a Loan Party is not in good standing in its jurisdiction of organization), 5.4, 5.5, 5.8, and 5.12 of this Agreement and such
failure continues for a period of 10 days after the earlier of (i) the date on which such failure shall first become known to any officer of a Loan Party or (ii) the date on which written notice thereof is given to Borrower or any other
applicable Loan Party by Agent; or 
 (d) fails to perform or observe any covenant or other agreement contained in this Agreement, or in any
of the other Loan Documents, in each case, other than any such covenant or agreement that is the subject of another provision of this Section 8 (in which event such other provision of this
Section 8 shall govern), and such failure continues for a period of 30 days after the earlier of (i) the date on which such failure shall first become known to any officer of a Loan Party or (ii) the date on which
written notice thereof is given to Borrower or any other applicable Loan Party by Agent; 
 8.3. Judgments. If one or more
judgments, orders, or awards for the payment of money involving an aggregate amount of $250,000, or more (except to the extent fully covered (other than to the extent of customary deductibles) by insurance pursuant to which the insurer has not
denied coverage) is entered or filed against a Loan Party or any of its Subsidiaries, or with respect to any of their respective assets, and either (a) there is a period of 30 consecutive days at any time after the entry of any such judgment,
order, or award during which (1) the same is not discharged, satisfied, vacated, or bonded pending appeal, or (2) a stay of enforcement thereof is not in effect, or (b) enforcement proceedings are commenced upon such judgment, order,
or award; 
 8.4. Voluntary Bankruptcy, etc. If an Insolvency Proceeding is commenced by a Loan Party or any of its
Subsidiaries; 

  
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 8.5. Involuntary Bankruptcy, etc. If an Insolvency Proceeding is commenced
against a Loan Party or any of its Subsidiaries and any of the following events occur: (a) such Loan Party or such Subsidiary consents to the institution of such Insolvency Proceeding against it, (b) the petition commencing the Insolvency
Proceeding is not timely controverted, (c) the petition commencing the Insolvency Proceeding is not dismissed within 60 calendar days of the date of the filing thereof, (d) an interim trustee is appointed to take possession of all or any
substantial portion of the properties or assets of, or to operate all or any substantial portion of the business of, such Loan Party or its Subsidiary, or (e) an order for relief shall have been issued or entered therein; 

8.6. Default Under Other Agreements. If there is (a) a default in one or more agreements to which a Loan Party or any of its
Subsidiaries is a party with one or more third Persons relative to a Loan Party’s or any of its Subsidiaries’ Indebtedness involving an aggregate amount of $500,000 or more, and such default (i) occurs at the final maturity of the
obligations thereunder, or (ii) results in a right by such third Person, after the giving of any required notices and the termination of any grace periods irrespective of whether exercised, to accelerate the maturity of such Loan Party’s
or its Subsidiary’s obligations thereunder, (b) a default under or an involuntary early termination of one or more Bank Product Agreements of which a Loan Party or any of its Subsidiaries is a party, or (c) any default by any Loan
Party under any Material Contract, which default continues for more than the applicable cure period, if any, with respect thereto and is not timely waived in writing by the other parties thereto; 

8.7. Representations, etc. If any warranty, representation, certificate, statement, or Record made herein or in any other Loan
Document or delivered in writing to Agent or any Lender in connection with this Agreement or any other Loan Document proves to be untrue in any material respect (except that such materiality qualifier shall not be applicable to any representations
and warranties that already are qualified or modified by materiality in the text thereof) as of the date of issuance or making or deemed making thereof; 

8.8. Guaranty. If the obligation of any Guarantor under the guaranty contained in the Guaranty and Security Agreement is limited
or terminated by operation of law or by such Guarantor (other than in accordance with the terms of this Agreement); 
 8.9. Security
Documents. If the Guaranty and Security Agreement or any other Loan Document that purports to create a Lien, shall, for any reason, fail or cease to create a valid and perfected and, except to the extent of Permitted Liens which are non-consensual Permitted Liens, permitted purchase money Liens or the interests of lessors under Capital Leases (subject to any specific exceptions to perfection set forth in this Agreement and the Security
Agreement), first priority Lien on the Collateral covered thereby, except (a) as a result of a disposition of the applicable Collateral in a transaction permitted under this Agreement, or (b) as the result of an action or failure to act on
the part of Agent; 
 8.10. Loan Documents. The validity or enforceability of any Loan Document shall at any time for any
reason (other than solely as the result of an action or failure to act on the part of Agent) be declared to be null and void, or a proceeding shall be commenced by a Loan Party or its Subsidiaries, or by any Governmental Authority having
jurisdiction over a Loan Party or its Subsidiaries, seeking to establish the invalidity or unenforceability thereof, or a Loan Party or its Subsidiaries shall deny that such Loan Party or its Subsidiaries has any liability or obligation purported to
be created under any Loan Document; 

  
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 8.11. Change of Control. A Change of Control shall occur, whether directly or
indirectly; or 
 8.12. Seizures. Any: (a) portion of the Collateral having a value in excess of $250,000 (except to the
extent fully covered (other than to the extent of customary deductibles) by insurance pursuant to which the insurer has not denied coverage or to the extent compensated by such Governmental Authority at the time of such action or pursuant to which
such Governmental Authority has confirmed in writing that it shall provide such compensation) shall be seized, subject to garnishment or taken by a Governmental Authority and such seizure, garnishment or taking is not reversed or vacated within
thirty (30) days thereafter; or (b) the title and rights of any Loan Party with respect to Collateral having a value in excess of $250,000 (except to the extent fully covered (other than to the extent of customary deductibles) by insurance
pursuant to which the insurer has not denied coverage or to the extent compensated by such Governmental Authority at the time of such action or pursuant to which such Governmental Authority has confirmed in writing that it shall provide such
compensation) shall have become the subject matter of claim, litigation, suit, garnishment or other proceeding taken by a Governmental Authority for the seizure of such Collateral, whether pursuant to the indictment of any Loan Party under any
criminal statute or otherwise, and either (i) there is a period of thirty (30) consecutive days at any time after the entry of a judgment or order with respect thereto which (A) the same is not discharged, satisfied, vacated, or
bonded pending appeal, or (B) a stay of enforcement thereof is not in effect, or (ii) enforcement proceedings are commenced upon such judgment or order. 

9. RIGHTS AND REMEDIES. 
 9.1.
Rights and Remedies. Upon the occurrence and during the continuation of an Event of Default, Agent may, and, at the instruction of the Required Lenders, shall (in each case under clauses (a) or (b) by written notice to Borrower),
in addition to any other rights or remedies provided for hereunder or under any other Loan Document or by applicable law, do any one or more of the following: 

(a) (i) declare the principal of, and any and all accrued and unpaid interest and fees in respect of, the Loans and all other Obligations
(other than the Bank Product Obligations), whether evidenced by this Agreement or by any of the other Loan Documents to be immediately due and payable, whereupon the same shall become and be immediately due and payable and Borrower shall be
obligated to repay all of such Obligations in full, without presentment, demand, protest, or further notice or other requirements of any kind, all of which are hereby expressly waived by Borrower, and (ii) direct Borrower to provide (and
Borrower agrees that upon receipt of such notice it will provide) Letter of Credit Collateralization to Agent to be held as security for Borrower’s reimbursement obligations for drawings that may subsequently occur under issued and outstanding
Letters of Credit; 
 (b) declare the Commitments terminated, whereupon the Commitments shall immediately be terminated together with
(i) any obligation of any Revolving Lender to make Revolving Loans, (ii) the obligation of the Swing Loan Lender to make Swing Loans, and (iii) the obligation of Issuing Bank to issue Letters of Credit; and 

  
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 (c) exercise all other rights and remedies available to Agent or Lenders under the Loan
Documents, under applicable law, or in equity; provided, that, with respect to any Event of Default resulting solely from failure of Borrower to comply with the financial covenants as set forth in Section 7, neither
Agent nor Required Lenders may exercise the foregoing remedies in this Section 9.1 until the date that is the earlier of (i) 16 Business Days after the earlier of (A) the date on which the Compliance Certificate
is required to be delivered for the applicable fiscal quarter or month pursuant to Section 5.1 and (B) the date on which such Compliance Certificate is actually delivered and (ii) the date that Agent receives
notice that there will not be Curative Equity contribution made for such fiscal quarter or month (it being understood and agreed that no Lender shall have any obligation to make Revolving Loans or otherwise extend credit to Borrower during such 16
Business Day period). 
 The foregoing to the contrary notwithstanding, upon the occurrence of any Event of Default described in
Section 8.4 or Section 8.5, in addition to the remedies set forth above, without any notice to Borrower or any other Person or any act by the Lender Group, the Commitments shall automatically
terminate and the Obligations (other than the Bank Product Obligations), inclusive of the principal of, and any and all accrued and unpaid interest and fees in respect of, the Loans and all other Obligations (other than the Bank Product
Obligations), whether evidenced by this Agreement or by any of the other Loan Documents, shall automatically become and be immediately due and payable and Borrower shall automatically be obligated to repay all of such Obligations in full (including
Borrower being obligated to provide (and Borrower agrees that it will provide) (1) Letter of Credit Collateralization to Agent to be held as security for Borrower’s reimbursement obligations in respect of drawings that may subsequently
occur under issued and outstanding Letters of Credit, and (2) Bank Product Collateralization to be held as security for Borrower’s or its Subsidiaries’ obligations in respect of outstanding Bank Products), without presentment, demand,
protest, or notice or other requirements of any kind, all of which are expressly waived by Parent and Borrower. 
 9.2. Remedies
Cumulative. The rights and remedies of the Lender Group under this Agreement, the other Loan Documents, and all other agreements shall be cumulative. The Lender Group shall have all other rights and remedies not inconsistent herewith as
provided under the Code, by law, or in equity. No exercise by the Lender Group of one right or remedy shall be deemed an election, and no waiver by the Lender Group of any Event of Default shall be deemed a continuing waiver. No delay by the Lender
Group shall constitute a waiver, election, or acquiescence by it. 
 9.3. Curative Equity. 

(a) Subject to the limitations set forth in clause (f) below, the Loan Parties may cure (and shall be deemed to have cured) an Event of
Default arising out of a breach of the financial covenants set forth in Section 7(c) and/or Section 7(d) (the “Specified Financial Covenants”) if it receives the cash proceeds of
an investment of Curative Equity within 15 Business Days (the “Cure Period”) after the date that is the earlier to occur of (i) the date on which the Compliance Certificate is delivered to Agent in respect of the fiscal quarter
or month with respect to which any such breach occurred and (ii) the date on which the Compliance Certificate is required to be delivered to Agent pursuant to Section 5.1 in respect of the fiscal quarter with respect
to which any such breach occurred; provided that the Loan Parties’ right to so cure an Event of Default shall be contingent 

  
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on its timely delivery of such Compliance Certificate as required under Section 5.1 and delivery to Agent of irrevocable written notice of their election to effect a
cure under this Section 9.3 (the “Cure Notice”) on the date that is the earlier to occur of (i) the date on which the Compliance Certificate is delivered to Agent in respect of the fiscal quarter or month with respect to
which any such breach occurred and (ii) the date on which the Compliance Certificate is required to be delivered to Agent pursuant to Section 5.1 in respect of the fiscal quarter with respect to which any such breach
occurred. 
 (b) Borrower shall promptly notify Agent of its receipt of any proceeds of Curative Equity (and shall immediately apply the same
to the payment of the Obligations in the manner specified in Section 2.12(d)(vii)). 
 (c) Any investment of
Curative Equity shall be in immediately available funds and shall be in an amount that equals the amount necessary to cause the Loan Parties to be in compliance with the applicable Specified Financial Covenant as at the last day of the most recently
ended fiscal quarter, calculated for such purpose as if such amount of Curative Equity were additional EBITDA of Parent and its Subsidiaries on a consolidated basis as at such date. 

(d) In the Compliance Certificate delivered pursuant to Section 5.1 in respect of the fiscal quarter end on which
Curative Equity is received by Borrower shall (i) include evidence of its receipt of Curative Equity proceeds, and (ii) set forth a calculation of the financial results and balance sheet of Parent and its Subsidiaries on a consolidated
basis as at such fiscal quarter end (including for such purposes the proceeds of such Curative Equity (broken out separately) as deemed EBITDA as if received on such date), which shall confirm that on a pro forma basis after taking into account the
receipt of the Curative Equity proceeds, the Loan Parties would have been in compliance with the Specified Financial Covenant as of such date. 

(e) Upon delivery of a Compliance Certificate pursuant to Section 5.1 conforming to the requirements of this
Section 9.3, any Event of Default that occurred and is continuing as a result of a breach of the applicable Specified Financial Covenant shall be deemed cured with no further action required by the Required Lenders. Prior
to the date of the delivery of a Compliance Certificate pursuant to Section 5.1 conforming to the requirements of this Section 9.3, any Event of Default that has occurred as a result of a breach of
the Specified Financial Covenant shall be deemed to be continuing and, as a result, the Lenders (including the Swing Loan Lender and the Issuing Bank) shall have no obligation to make additional loans or otherwise extend additional credit hereunder;
provided, that, during the period commencing on the date Agent receives the Cure Notice and until the earlier of (i) the expiration of the Cure Period without receipt by Borrower of the Curative Equity and compliance with the
other provisions of this Section 9.3 or (ii) the date that any Loan Party confirms to Agent in writing that it will not receive the Curative Equity within the Cure Period, no other remedies available upon the
occurrence of an Event of Default may be taken by the Agent or any Lender resulting solely from the breach of the Specified Financial Covenants. In the event the Loan Parties do not cure all financial covenant violations as provided in this
Section 9.3, the existing Event(s) of Default shall be deemed to exist as of the last day of the fiscal quarter as of which the applicable Specified Financial Covenant was breached and shall continue unless waived in
writing by the Required Lenders in accordance herewith. 

  
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 (f) Notwithstanding the foregoing, the Loan Parties’ rights under this
Section 9.3 may (i) be exercised not more than 5 times during the term of this Agreement, and (ii) not be exercised with respect to more than two fiscal quarters in any period of four consecutive fiscal quarters.
No Curative Equity shall be invested in excess of the amount sufficient to cause Borrower to be in compliance with the applicable Specified Financial Covenant. Curative Equity shall be disregarded for purposes of determining EBITDA for any pricing,
financial covenant based conditions or any baskets with respect to the covenants contained in this Agreement and there shall be no pro forma reduction in Indebtedness with the proceeds of any Curative Equity for purposes of determining compliance
with the any Specified Financial Covenant or for determining any pricing, financial covenant based conditions or baskets with respect to the covenants contained in this Agreement, in each case the quarter in which such Curative Equity is used. 

(g) To the extent that Curative Equity is received and included in the calculation of compliance with the Specified Financial Covenants as
deemed EBITDA for any fiscal quarter pursuant to this Section 9.3, such Curative Equity shall be deemed to be EBITDA for purposes of determining compliance with the Specified Financial Covenant for subsequent periods that
include such fiscal quarter. 
 (h) For the avoidance of doubt, it is understood and agreed that the payment of the Obligations using the
proceeds of Curative Equity as required by Sections 2.4(e)(vii) and 2.4(f)(iii) shall not be deemed to be a reduction of the Obligations by the amount of such payment for such fiscal quarter or for any subsequent periods that include
such fiscal quarter for purposes of determining compliance with the Specified Financial Covenant or pro forma covenant compliance in accordance with the requirements of clause (e) of the definition of Permitted Acquisitions. 

10. WAIVERS; INDEMNIFICATION. 
 10.1.
Demand; Protest; etc. Borrower waives demand, protest, notice of protest, notice of default or dishonor, notice of payment and nonpayment, nonpayment at maturity, release, compromise, settlement, extension, or renewal of documents,
instruments, chattel paper, and guarantees at any time held by the Lender Group on which Borrower may in any way be liable . 
 10.2.
The Lender Group’s Liability for Collateral. Borrower hereby agrees that: (a) so long as Agent complies with its obligations, if any, under the Code, the Lender Group shall not in any
way or manner be liable or responsible for: (i) the safekeeping of the Collateral, (ii) any loss or damage thereto occurring or arising in any manner or fashion from any cause, (iii) any diminution in the value thereof, or
(iv) any act or default of any carrier, warehouseman, bailee, forwarding agency, or other Person, and (b) all risk of loss, damage, or destruction of the Collateral shall be borne by Borrower other than any thereof resulting from the gross
negligence, bad faith, or willful misconduct of any Lender-Related Person as finally determined by a court of competent jurisdiction. 

  
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 10.3. Indemnification. Each Loan Party shall pay, indemnify, defend, and hold
the Agent-Related Persons, the Lender-Related Persons, and each Participant (each, an “Indemnified Person”) harmless (to the fullest extent permitted by law) from and against any and all claims, demands, suits, actions,
investigations, proceedings, liabilities, fines, costs, penalties, and damages (excluding with respect to disputes solely between the Lenders, but including disputes between Agent and any Lender), and all reasonable fees and disbursements of
attorneys, experts, or consultants and all other reasonable costs and expenses actually incurred in connection therewith or in connection with the enforcement of this indemnification (as and when they are incurred and irrespective of whether suit is
brought), at any time asserted against, imposed upon, or incurred by any of them (a) in connection with or as a result of or related to the execution and delivery (provided that Borrower shall not be liable for costs and expenses (including
attorneys’ fees) of any Lender (other than PNC) incurred in advising, structuring, drafting, reviewing, administering or syndicating the Loan Documents), enforcement, performance, or administration (including any restructuring or workout with
respect hereto) of this Agreement, any of the other Loan Documents, or the transactions contemplated hereby or thereby or the monitoring of Parent’s and its Subsidiaries’ compliance with the terms of the Loan Documents (provided, that the
indemnification in this clause (a) shall not extend to (i) disputes solely between or among the Lenders that do not involve any acts or omissions of any Loan Party, or (ii) disputes solely between or among the Lenders and their
respective Affiliates that do not involve any acts or omissions of any Loan Party; it being understood and agreed that the indemnification in this clause (a) shall extend to Agent (but not the Lenders) relative to disputes between or among
Agent on the one hand, and one or more Lenders, or one or more of their Affiliates, on the other hand, or (iii) any Taxes or any costs attributable to Taxes, which shall be governed by Section 16), (b) with
respect to any actual or prospective investigation, litigation, or proceeding related to this Agreement, any other Loan Document, the making of any Loans or issuance of any Letters of Credit hereunder, or the use of the proceeds of the Loans or the
Letters of Credit provided hereunder (irrespective of whether any Indemnified Person is a party thereto), or any act, omission, event, or circumstance in any manner related thereto, including, without limitation, any threatened or actual imposition
of fines or penalties, or disgorgement of benefits, for violation by any Loan Party or Affiliate thereof of any applicable law relating to anti-terrorism, money-laundering or international trade compliance, and (c) in connection with or arising
out of any presence or release of Hazardous Materials at, on, under, to or from any assets or properties owned, leased or operated by Borrower or any of its Subsidiaries or any Environmental Actions, Environmental Liabilities or Remedial Actions
related in any way to any such assets or properties of Borrower or any of its Subsidiaries (each and all of the foregoing, the “Indemnified Liabilities”). The foregoing to the contrary notwithstanding, Borrower shall have no
obligation to any Indemnified Person under this Section 10.3 with respect to any Indemnified Liability that a court of competent jurisdiction finally determines to have resulted from the bad faith, gross negligence or
willful misconduct of such Indemnified Person or its officers, directors, advisors, representatives, employees, attorneys, or agents. This provision shall survive the termination of this Agreement and the repayment in full of the Obligations. If any
Indemnified Person makes any payment to any other Indemnified Person with respect to an Indemnified Liability as to which Borrower was required to indemnify the Indemnified Person receiving such payment, the Indemnified Person making such payment is
entitled to be indemnified and reimbursed by Borrower with respect thereto. WITHOUT LIMITATION, THE FOREGOING INDEMNITY SHALL APPLY TO EACH INDEMNIFIED PERSON WITH RESPECT TO INDEMNIFIED LIABILITIES WHICH IN WHOLE OR IN PART ARE CAUSED BY OR
ARISE OUT OF ANY NEGLIGENT ACT OR OMISSION OF SUCH INDEMNIFIED PERSON OR OF ANY OTHER PERSON EXCEPT TO THE EXTENT THAT SUCH ACT CONSTITUTES BAD FAITH, GROSS NEGLIGENCE OR WILLFUL MISCONDUCT. 

  
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 11. NOTICES. 

Unless otherwise provided in this Agreement, all notices or demands relating to this Agreement or any other Loan Document shall be in writing and (except for
financial statements and other informational documents which may be sent by first-class mail, postage prepaid) shall be personally delivered or sent by registered or certified mail (postage prepaid, return receipt requested), overnight courier,
electronic mail (at such email addresses as a party may designate in accordance herewith), or telefacsimile. In the case of notices or demands to Parent, Borrower or Agent, as the case may be, they shall be sent to the respective address set forth
below: 
  

			
	If to Parent or Borrower:	  	 LIVEVOX HOLDINGS, INC.
 c/o Golden Gate Private
Equity, Inc.
 One Embarcadero Center, 39th Floor
 San
Francisco, California 94111
 Attn: Stephen D. Oetgen and Greg Mason

Fax No. (415) 983-2701

Email: soetgen@goldengatecap.com

            gmason@goldengatecap.com

		
	with copies to:	  	 KIRKLAND & ELLIS LLP
 555 California
Street
 San Francisco, California 94708
 Attn: Samantha Good,
Esq.
 Fax No. (415) 439-1500

Email: sgood@kirkland.com
  

GOLDEN GATE PRIVATE EQUITY, INC.
 One Embarcadero Center, 39th
Floor
 San Francisco, California 94111
 Attn: Stephen D. Oetgen
and Greg Mason
 Fax No. (415) 983-2701

Email: soetgen@goldengatecap.com

            gmason@goldengatecap.com

		
	If to Agent:	  	 PNC BANK, NATIONAL ASSOCIATION
 100 Pine Street,
Suite 1500
 San Francisco, California 94111
 Attn: Christopher
Duranto
 Fax No. (415) 733-1623

Email: christopher.duranto@pnc.com

  
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	with copies to:	  	 BLANK ROME, LLP
 2029 Century Park East, 6th Floor
 Los Angeles, California 90067

Attn: Danielle V. Garcia, Esq.
 Fax No. (424) 239-3394
 Email: dgarcia@blankrome.com

 Any party hereto may change the address at which they are to receive notices hereunder, by notice in writing
in the foregoing manner given to the other party. All notices or demands sent in accordance with this Section 11, shall be deemed received on the earlier of the date of actual receipt or 3 Business Days after the deposit
thereof in the mail; provided, that (a) notices sent by overnight courier service shall be deemed to have been given when received, (b) notices 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) and (c) notices by electronic mail shall be deemed received upon the sender’s receipt
of an acknowledgment from the intended recipient (such as by the “return receipt requested” function, as available, return email or other written acknowledgment). 

12. CHOICE OF LAW AND VENUE; JURY TRIAL WAIVER; JUDICIAL REFERENCE PROVISION. 

(a) THE VALIDITY OF THIS AGREEMENT AND THE OTHER LOAN DOCUMENTS (UNLESS EXPRESSLY PROVIDED TO THE CONTRARY IN ANOTHER LOAN DOCUMENT IN
RESPECT OF SUCH OTHER LOAN DOCUMENT), THE CONSTRUCTION, INTERPRETATION, AND ENFORCEMENT HEREOF AND THEREOF, THE RIGHTS OF THE PARTIES HERETO AND THERETO WITH RESPECT TO ALL MATTERS ARISING HEREUNDER OR THEREUNDER OR RELATED HERETO OR THERETO, AND
ANY CLAIMS, CONTROVERSIES OR DISPUTES ARISING HEREUNDER OR THEREUNDER OR RELATED HERETO OR THERETO SHALL, IN ACCORDANCE WITH SECTION 5-1401 OF THE GENERAL OBLIGATIONS LAW OF THE STATE OF NEW YORK, BE GOVERNED
BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK. 
 (b) THE PARTIES AGREE THAT ALL ACTIONS OR PROCEEDINGS
ARISING IN CONNECTION WITH THIS AGREEMENT AND THE OTHER LOAN DOCUMENTS SHALL BE TRIED AND LITIGATED ONLY IN THE STATE AND, TO THE EXTENT PERMITTED BY APPLICABLE LAW, FEDERAL COURTS LOCATED IN THE STATE OF NEW YORK; PROVIDED,
THAT ANY SUIT SEEKING ENFORCEMENT AGAINST ANY COLLATERAL OR OTHER PROPERTY MAY BE BROUGHT, AT AGENT’S OPTION, IN THE COURTS OF ANY JURISDICTION WHERE AGENT ELECTS TO BRING SUCH ACTION OR WHERE SUCH COLLATERAL OR OTHER PROPERTY MAY BE FOUND.
EACH OF PARENT AND BORROWER AND EACH MEMBER OF THE LENDER GROUP WAIVE, TO THE EXTENT PERMITTED UNDER APPLICABLE LAW, ANY RIGHT EACH MAY HAVE TO ASSERT THE DOCTRINE OF FORUM NON CONVENIENS OR TO OBJECT TO VENUE TO THE EXTENT ANY PROCEEDING IS
BROUGHT IN ACCORDANCE WITH THIS SECTION 12(b). 

  
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 (c) TO THE MAXIMUM EXTENT PERMITTED BY APPLICABLE LAW, EACH OF PARENT AND BORROWER AND
EACH MEMBER OF THE LENDER GROUP HEREBY WAIVE THEIR RESPECTIVE RIGHTS, IF ANY, TO A JURY TRIAL OF ANY CLAIM, CONTROVERSY, DISPUTE OR CAUSE OF ACTION DIRECTLY OR INDIRECTLY BASED UPON OR ARISING OUT OF ANY OF THE LOAN DOCUMENTS OR ANY OF THE
TRANSACTIONS CONTEMPLATED THEREIN, INCLUDING CONTRACT CLAIMS, TORT CLAIMS, BREACH OF DUTY CLAIMS, AND ALL OTHER COMMON LAW OR STATUTORY CLAIMS (EACH A “CLAIM”). EACH OF PARENT AND BORROWER AND EACH MEMBER OF THE LENDER
GROUP REPRESENT THAT EACH HAS REVIEWED THIS WAIVER AND EACH KNOWINGLY AND VOLUNTARILY WAIVES ITS JURY TRIAL RIGHTS FOLLOWING CONSULTATION WITH LEGAL COUNSEL. IN THE EVENT OF LITIGATION, A COPY OF THIS AGREEMENT MAY BE FILED AS A WRITTEN CONSENT TO A
TRIAL BY THE COURT. 
 (d) EACH OF PARENT AND BORROWER HEREBY IRREVOCABLY AND UNCONDITIONALLY SUBMITS TO THE EXCLUSIVE JURISDICTION OF
THE STATE AND FEDERAL COURTS LOCATED IN THE STATE OF NEW YORK, IN ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO ANY LOAN DOCUMENTS, OR FOR RECOGNITION OR ENFORCEMENT OF ANY JUDGMENT. EACH OF THE PARTIES HERETO AGREES THAT A FINAL JUDGMENT
IN ANY SUCH ACTION OR PROCEEDING SHALL BE CONCLUSIVE AND MAY BE ENFORCED IN OTHER JURISDICTIONS BY SUIT ON THE JUDGMENT OR IN ANY OTHER MANNER PROVIDED BY LAW. NOTHING IN THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT SHALL AFFECT ANY RIGHT THAT AGENT
MAY OTHERWISE HAVE TO BRING ANY ACTION OR PROCEEDING RELATING TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT AGAINST ANY LOAN PARTY OR ITS PROPERTIES IN THE COURTS OF ANY JURISDICTION. 

(e) NO CLAIM MAY BE MADE BY ANY LOAN PARTY AGAINST THE AGENT, THE SWING LENDER, ANY OTHER LENDER, ISSUING BANK, OR ANY AFFILIATE, DIRECTOR,
OFFICER, EMPLOYEE, COUNSEL, REPRESENTATIVE, AGENT, OR ATTORNEY-IN-FACT OF ANY OF THEM FOR ANY SPECIAL, INDIRECT, CONSEQUENTIAL, PUNITIVE OR EXEMPLARY DAMAGES OR LOSSES
IN RESPECT OF ANY CLAIM FOR BREACH OF CONTRACT OR ANY OTHER THEORY OF LIABILITY ARISING OUT OF OR RELATED TO THE TRANSACTIONS CONTEMPLATED BY THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT, OR ANY ACT, OMISSION, OR EVENT OCCURRING IN CONNECTION
THEREWITH, AND EACH LOAN PARTY HEREBY WAIVES, RELEASES, AND AGREES NOT TO SUE UPON ANY CLAIM FOR SUCH DAMAGES, WHETHER OR NOT ACCRUED AND WHETHER OR NOT KNOWN OR SUSPECTED TO EXIST IN ITS FAVOR. 

  
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 13. ASSIGNMENTS AND PARTICIPATIONS; SUCCESSORS. 

13.1. Assignments and Participations. 

(a) (i) Subject to the conditions set forth in clause (a)(ii) below, any Lender may assign and delegate all or any portion of its rights
and duties under the Loan Documents (including the Obligations owed to it and its Commitments) to one or more assignees so long as such prospective assignee is an Eligible Transferee (each, an “Assignee”), with the prior written
consent (such consent not be unreasonably withheld or delayed) of: 
 (A) Borrower; provided, that no consent of Borrower shall be
required (1) if an Event of Default has occurred and is continuing, or (2) in connection with an assignment to a Person that is a Lender or an Affiliate (other than natural persons) of a Lender (other than any Defaulting Lender or its
Affiliates); provided further, that Borrower shall be deemed to have consented to a proposed assignment unless it objects thereto by written notice to Agent within 5 Business Days after having received notice thereof; and 

(B) Agent, Swing Loan Lender, and Issuing Bank. 

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

(A) no assignment may be made to an Ineligible Institution, a Competitor or to a natural person; provided, that Assignments may be made
to any Competitor so long as a Specified Event of Default has occurred and is continuing for 30 consecutive days, 
 (B) no assignment may
be made to a Loan Party or an Affiliate of a Loan Party other than to Sponsor Affiliated Entities; provided, that any such Sponsor Affiliated Entity that is or becomes a Lender hereunder shall be subject to the provisions of
Section 13.1(k) hereof, 
 (C) the amount of the Commitments and the other rights and obligations of the assigning
Lender hereunder and under the other Loan Documents subject to each such assignment (determined as of the date the Assignment and Acceptance with respect to such assignment is delivered to Agent) shall be in a minimum amount (unless waived by Agent)
of $5,000,000 (except such minimum amount shall not apply to (I) an assignment or delegation by any Lender to any other Lender, an Affiliate of any Lender, or a Related Fund of such Lender or (II) a group of new Lenders, each of which is
an Affiliate of each other or a Related Fund of such new Lender to the extent that the aggregate amount to be assigned to all such new Lenders is at least $5,000,000), 

(D) each partial assignment shall be made as an assignment of a proportionate part of all the assigning Lender’s rights and obligations
under this Agreement, 
 (E) the parties to each assignment shall execute and deliver to Agent an Assignment and Acceptance;
provided, that Borrower and Agent may continue to deal solely and directly with the assigning Lender in connection with the interest so assigned to an Assignee until written notice of such assignment, together with payment instructions,
addresses, and related information with respect to the Assignee, have been given to Borrower and Agent by such Lender and the Assignee, 

  
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 (F) unless waived by Agent, the assigning Lender or Assignee has paid to Agent, for
Agent’s separate account, a processing fee in the amount of $3,500, and 
 (G) the assignee, if it is not a Lender, shall deliver to
Agent an Administrative Questionnaire in a form approved by Agent (the “Administrative Questionnaire”). 
 (b) From and
after the date that Agent receives the executed Assignment and Acceptance and, if applicable, payment of the required processing fee, (i) the Assignee thereunder shall be a party hereto and, to the extent that rights and obligations hereunder
have been assigned to it pursuant to such Assignment and Acceptance, shall be a “Lender” and shall have the rights and obligations of a Lender under the Loan Documents, and (ii) the assigning Lender shall, to the extent that rights
and obligations hereunder and under the other Loan Documents have been assigned by it pursuant to such Assignment and Acceptance, relinquish its rights (except with respect to Section 10.3) and be released from any future
obligations under this Agreement (and in the case of an Assignment and Acceptance covering all or the remaining portion of an assigning Lender’s rights and obligations under this Agreement and the other Loan Documents, such Lender shall cease
to be a party hereto and thereto); provided, that nothing contained herein shall release any assigning Lender from obligations that survive the termination of this Agreement, including such assigning Lender’s obligations under
Section 15 and Section 17.9(a). 
 (c) By executing and delivering an Assignment and
Acceptance, the assigning Lender thereunder and the Assignee thereunder confirm to and agree with each other and the other parties hereto as follows: (i) other than as provided in such Assignment and Acceptance, such assigning Lender makes no
representation or warranty and assumes no responsibility with respect to any statements, warranties or representations made in or in connection with this Agreement or the execution, legality, validity, enforceability, genuineness, sufficiency or
value of this Agreement or any other Loan Document furnished pursuant hereto, (ii) such assigning Lender makes no representation or warranty and assumes no responsibility with respect to the financial condition of the Loan Parties or the
performance or observance by the Loan Parties of any of their obligations under this Agreement or any other Loan Document furnished pursuant hereto, (iii) such Assignee confirms that it has received a copy of this Agreement, together with such
other documents and information as it has deemed appropriate to make its own credit analysis and decision to enter into such Assignment and Acceptance, (iv) such Assignee will, independently and without reliance upon Agent, such assigning
Lender or any other Lender, and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit decisions in taking or not taking action under this Agreement, (v) such Assignee appoints and
authorizes Agent to take such actions and to exercise such powers under this Agreement and the other Loan Documents as are delegated to Agent, by the terms hereof and thereof, together with such powers as are reasonably incidental thereto, and
(vi) such Assignee agrees that it will perform all of the obligations which by the terms of this Agreement are required to be performed by it as a Lender. 

  
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 (d) Immediately upon Agent’s receipt of the required processing fee, if applicable, and
delivery of notice to the assigning Lender pursuant to Section 13.1(b), this Agreement shall be deemed to be amended to the extent, but only to the extent, necessary to reflect the addition of the Assignee and the resulting
adjustment of the Commitments arising therefrom. The Commitment allocated to each Assignee shall reduce such Commitments of the assigning Lender pro tanto. 

(e) Any Lender may at any time sell to one or more commercial banks, financial institutions, or other Persons not constituting Competitors
(except to the extent such assignment would be permitted hereunder) (a “Participant”) participating interests in all or any portion of its Obligations, its Commitment, and the other rights and interests of that Lender (the
“Originating Lender”) hereunder and under the other Loan Documents; provided, that (i) the Originating Lender shall remain a “Lender” for all purposes of this Agreement and the other Loan Documents and the
Participant receiving the participating interest in the Obligations, the Commitments, and the other rights and interests of the Originating Lender hereunder shall not constitute a “Lender” hereunder or under the other Loan Documents and
the Originating Lender’s obligations under this Agreement shall remain unchanged, (ii) the Originating Lender shall remain solely responsible for the performance of such obligations, (iii) Borrower, Agent, and the Lenders shall
continue to deal solely and directly with the Originating Lender in connection with the Originating Lender’s rights and obligations under this Agreement and the other Loan Documents, (iv) no Lender shall transfer or grant any participating
interest under which the Participant has the right to approve any amendment to, or any consent or waiver with respect to, this Agreement or any other Loan Document, except to the extent such amendment to, or consent or waiver with respect to this
Agreement or of any other Loan Document would (A) extend the final maturity date of the Obligations hereunder in which such Participant is participating, (B) reduce the interest rate applicable to the Obligations hereunder in which such
Participant is participating, (C) release all or substantially all of the Collateral or guaranties (except to the extent expressly provided herein or in any of the Loan Documents) supporting the Obligations hereunder in which such Participant
is participating, (D) postpone the payment of, or reduce the amount of, the interest or fees payable to such Participant through such Lender (other than a waiver of default interest), or (E) decreases the amount or postpones the due dates
of scheduled principal repayments or prepayments or premiums payable to such Participant through such Lender, (v) no participation shall be sold to a natural person, (vi) no participation shall be sold to a Loan Party or an Affiliate of a
Loan Party other than to Sponsor Affiliated Entities; provided, that any such Person that is or becomes a Participant hereunder shall be subject to the provisions of Section 13.1(k) hereof as if it were an assignee
rather than a participant, and (vii) all amounts payable by Borrower hereunder shall be determined as if such Lender had not sold such participation, except that, if amounts outstanding under this Agreement are due and unpaid, or shall have
been declared or shall have become due and payable upon the occurrence of an Event of Default, each Participant shall be deemed to have the right of set off in respect of its participating interest in amounts owing under this Agreement to the same
extent as if the amount of its participating interest were owing directly to it as a Lender under this Agreement. The rights of any Participant only shall be derivative through the Originating Lender with whom such Participant participates and no
Participant shall have any rights under this Agreement or the other Loan Documents or any direct rights as to the other Lenders, Agent, Borrower, the Collateral, or otherwise in respect of the Obligations. No Participant shall have the right to
participate directly in the making of decisions by the Lenders among themselves. 

  
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 (f) In connection with any such assignment or participation or proposed assignment or
participation or any grant of a security interest in, or pledge of, its rights under and interest in this Agreement, a Lender may, subject to the provisions of Section 17.9, disclose all documents and information which it
now or hereafter may have relating to Parent and its Subsidiaries and their respective businesses. 
 (g) Any other provision in this
Agreement notwithstanding, any Lender may at any time create a security interest in, or pledge, all or any portion of its rights under and interest in this Agreement in favor of any Federal Reserve Bank in accordance with Regulation A of the Federal
Reserve Bank or U.S. Treasury Regulation 31 CFR §203.24, and such Federal Reserve Bank may enforce such pledge or security interest in any manner permitted under applicable law. 

(h) Agent (as a non-fiduciary agent on behalf of Borrower) shall maintain, or cause to be maintained, a
register (the “Register”) on which it enters the name and address of each Lender as the registered owner of the Term Loan (and the principal amount thereof and stated interest thereon) held by such Lender (each, a
“Registered Loan”). Other than in connection with an assignment by a Lender of all or any portion of its portion of the Term Loan to an Affiliate of such Lender or a Related Fund of such Lender (i) a Registered Loan (and the
registered note, if any, evidencing the same) may be assigned or sold in whole or in part only by registration of such assignment or sale on the Register (and each registered note shall expressly so provide) and (ii) any assignment or sale of
all or part of such Registered Loan (and the registered note, if any, evidencing the same) may be effected only by registration of such assignment or sale on the Register, together with the surrender of the registered note, if any, evidencing the
same duly endorsed by (or accompanied by a written instrument of assignment or sale duly executed by) the holder of such registered note, whereupon, at the request of the designated assignee(s) or transferee(s), one or more new registered notes in
the same aggregate principal amount shall be issued to the designated assignee(s) or transferee(s). Prior to the registration of assignment or sale of any Registered Loan (and the registered note, if any evidencing the same), Borrower shall treat
the Person in whose name such Registered Loan (and the registered note, if any, evidencing the same) is registered as the owner thereof for the purpose of receiving all payments thereon and for all other purposes, notwithstanding notice to the
contrary. In the case of any assignment by a Lender of all or any portion of its Term Loan to an Affiliate of such Lender or a Related Fund of such Lender, and which assignment is not recorded in the Register, the assigning Lender, on behalf of
Borrower, shall maintain a register comparable to the Register. 
 (i) In the event that a Lender sells participations in the Registered
Loan, such Lender, as a non-fiduciary agent on behalf of Borrower, shall maintain (or cause to be maintained) a register on which it enters the name of all participants in the Registered Loans held by it (and
the principal amount (and stated interest thereon) of the portion of such Registered Loans that is subject to such participations) (the “Participant Register”). A Registered Loan (and the Registered Note, if any, evidencing the
same) may be participated in whole or in part only by registration of such participation on the Participant Register (and each registered note shall expressly so provide). Any participation of such Registered Loan (and the registered note, if any,
evidencing the same) may be effected only by the registration of such participation on the Participant Register. 

  
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 (j) Agent shall make a copy of the Register (and each Lender shall make a copy of its
Participant Register in the extent it has one) available for review by Borrower from time to time as Borrower may reasonably request. 
 (k)
(i) Each Sponsor Affiliated Entity, in connection with any (A) consent (or decision not to consent) to any amendment, modification, waiver, consent or other action with respect to any of the terms of any Loan Document or in respect
of any consent, waiver, vote, or other action in connection with an Insolvency Proceeding involving a Loan Party, (B) other action on any matter related to any Loan Document or occurring in relation to any Insolvency Proceeding involving a Loan
Party, or (C) direction to Agent or any Lender to undertake any action (or refrain from taking any action) with respect to or under any Loan Document, agrees that, except with respect to any amendment, modification, waiver, consent or other
action with respect to the matters governed by Section 14.1(a)(i) through (iv) that affect such Lender or that adversely and disproportionately affects such Sponsor Affiliated Entity in any material respect as compared to other Lenders,
shall be deemed to have voted (and, at the request of Agent, shall so vote, and each Sponsor Affiliated Entity, as a Lender, hereby grants (and each Sponsor Affiliated Entity that is not a Lender on the Closing Date will be deemed to have granted on
the date such holder executes and assignment and acceptance agreement) to Agent an irrevocable proxy and the right to vote) its interest as a Lender without discretion in such proportion as the allocation of voting with respect to such matter by
Lenders who are not Sponsor Affiliated Entities. Borrower, each Sponsor Affiliated Entity, as a Lender (and each Sponsor Affiliate that becomes a Lender by its acceptance of an assignment) agrees that if a case under the Bankruptcy Code is commenced
by or against Borrower or any other Loan Party, in connection with a vote under a Plan under Bankruptcy Code, Agent may vote the claims of the Sponsor Affiliated Entities to accept such Plan if the Plan has been accepted by other Lenders holding at
least two-thirds in amount and more than one half in number of the allowed Lender claims of such class that vote (excluding the claims of Sponsor Affiliate Entities) and the Agent may otherwise vote the claims
of the Sponsor Affiliate Entities to reject such Plan (provided, that such right to vote shall not, without the prior approval of such Sponsor Affiliate Entity, be exercised in a manner that would affect such Sponsor Affiliate Entity in a manner
that is disproportionately adverse as compared to the treatment of the claims of the other Lenders in such class). Subject to clause (ii) below, each Sponsor Affiliated Entity hereby irrevocably appoints Agent (such appointment being coupled
with an interest) as such Sponsor Affiliated Entity’s attorney-in-fact, with full authority in the place and stead of such Sponsor Affiliated Entity and in the name
of such Sponsor Affiliated Entity , from time to time in Agent’s discretion to take any action and to execute any instrument that Agent may deem reasonably necessary to carry out the provisions of this clause (i). Agent is irrevocably
authorized by each Lender to withdraw any vote submitted by such Lender in contravention of the procedures set forth herein. The provisions of this Section 13.1(k)(i) will not apply during such time as all of the
Obligations are held by Sponsor Affiliated Entities. 
 (ii) Notwithstanding anything to the contrary in this Agreement, (A) no Sponsor
Affiliated Entity shall have any right to receive any information or material prepared by Agent or any Lender or any communication by or among Agent or one or more Lenders, except to the extent such information or materials have been made available
to Borrower or its representatives and (B) no Sponsor Affiliated Entity (x) shall have any right to attend (including by telephone) any meeting or discussions (or portion thereof) among Agent and any Lender to which representatives of
Borrower are not then present or (y) make or bring (or participate in, other 

  
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than as a passive participant in or recipient of its pro rata benefits of) any claim, in its capacity as a Lender, against Agent or any other member of the Lender Group with respect to any duties
or obligations or alleged duties or obligations of such Agent or any other member of the Lender Group under the Loan Documents other than a claim as a result of a material breach of the express terms of the Loan Documents by or as arising as a
result of the bad faith, willful misconduct or gross negligence of such Agent or other member of the Lender Group (provided that any such claim brought but later determined by a court of competent jurisdiction by a final and nonappealable order to
not have been a material breach by or the bad faith, willful misconduct or gross negligence of such Agent or other member of the Lender Group shall be deemed to be a breach by such Sponsor Affiliated Entity that made or brought such claim). The
provisions of this Section 13.1(k)(ii) will not apply during such time as all of the Obligations are held by Sponsor Affiliated Entities. 

13.2. Successors. This Agreement shall bind and inure to the benefit of the respective successors and assigns of each of the
parties; provided, that Borrower may not assign this Agreement or any rights or duties hereunder without the Lenders’ prior written consent and any prohibited assignment shall be absolutely void ab initio. No consent to assignment by the
Lenders shall release Borrower from its Obligations. A Lender may assign this Agreement and the other Loan Documents and its rights and duties hereunder and thereunder pursuant to Section 13.1 and, except as expressly
required pursuant to Section 13.1, no consent or approval by Borrower is required in connection with any such assignment. 
 14.
AMENDMENTS; WAIVERS. 
 14.1. Amendments and Waivers. 

(a) No amendment, waiver or other modification of any provision of this Agreement or any other Loan Document (other than Bank Product
Agreements or the Fee Letter), and no consent with respect to any departure by any Loan Party or its Subsidiary therefrom, shall be effective unless the same shall be in writing and signed by the Required Lenders (or by Agent at the written request
of the Required Lenders) and the Loan Parties that are party thereto and then any such waiver or consent shall be effective, but only in the specific instance and for the specific purpose for which given; provided, that no such waiver,
amendment, or consent shall, unless in writing and signed by all of the Lenders directly affected thereby and all of the Loan Parties that are party thereto, do any of the following: 

(i) increase the amount of or extend the expiration date of any Commitment of such affected Lender; 

(ii) reduce the principal of any loan or other extension of credit hereunder, or reduce any fees or other amounts payable hereunder or under
any other Loan Document (except in connection with the waiver of applicability of Section 2.6(c) (which waiver shall be effective with the written consent of the Required Lenders); 

(iii) amend, modify, or eliminate this Section or any provision of this Agreement providing for consent or other action by all Lenders; or

  
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 (iv) amend, modify, or eliminate any of the provisions of
Section 13.1 with respect to assignments to, or participations with, Persons who are Sponsor Affiliated Entities. 

(b) No amendment, waiver, modification, or consent shall amend, modify, waive, or eliminate, 

(i) the definition of, or any of the terms or provisions of, the Fee Letter, without the written consent of Agent and Borrower (and shall not
require the written consent of any of the Lenders), 
 (ii) any provision of Section 15 pertaining to Agent, or
any other rights or duties of Agent under this Agreement or the other Loan Documents, without the written consent of Agent, Borrower, and the Required Lenders; 

(c) No amendment, waiver, modification, elimination, or consent shall amend, modify, or waive any provision of this Agreement or the other Loan
Documents pertaining to Issuing Bank, or any other rights or duties of Issuing Bank under this Agreement or the other Loan Documents, without the written consent of Issuing Bank, Agent, Borrower, and the Required Lenders; 

(d) No amendment, waiver, modification, elimination, or consent shall amend, modify, or waive any provision of this Agreement or the other Loan
Documents pertaining to Swing Loan Lender, or any other rights or duties of Swing Loan Lender under this Agreement or the other Loan Documents, without the written consent of Swing Loan Lender, Agent, Borrower, and the Required Lenders; and 

(e) Anything in this Section 14.1 to the contrary notwithstanding, (i) any amendment, modification, elimination,
waiver, consent, termination, or release of, or with respect to, any provision of this Agreement or any other Loan Document that relates only to the relationship of the Lender Group among themselves, and that does not affect the rights or
obligations of Parent or Borrower, shall not require consent by or the agreement of any Loan Party; provided, that any such amendment, modification, elimination, waiver, consent, termination or release shall be effectuated pursuant to an
agreement among the Required Lenders and the Loan Parties shall not be required to take any action or otherwise modify their conduct with respect thereto, and (ii) any amendment, waiver, modification, elimination, or consent of or with respect
to any provision of this Agreement or any other Loan Document may be entered into without the consent of, or over the objection of, any Defaulting Lender. 

(f) Anything in this Section 14.1 to the contrary notwithstanding, if Agent and Borrower shall have jointly
identified an obvious error or any error or omission of a technical or immaterial nature, in each case, in any provision of this Agreement or the other the Loan Documents, then Agent and Borrower shall be permitted to amend such provision and such
amendment shall become effective without any further action or consent of any other party to any Loan Document if the same is not objected to in writing by the Required Lenders within three (3) Business Days following receipt of notice thereof.

  
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 (g) Nothing in this Section 14.1 shall be construed to prohibit
the amendment of any schedule hereto or to any other Loan Document which is expressly permitted to be amended pursuant to written notice provided to Agent by Borrower or the applicable Loan Party. 

14.2. Replacement of Certain Lenders. 

(a) If (i) any action to be taken by the Lender Group or Agent hereunder requires the consent, authorization, or agreement of all Lenders
or all Lenders affected thereby and if such action has received the consent, authorization, or agreement of the Required Lenders but not of all Lenders or all Lenders affected thereby, or (ii) any Lender makes a claim for compensation under
Section 16, then Borrower or Agent, upon at least 5 Business Days prior irrevocable notice, may permanently replace any Lender that failed to give its consent, authorization, or agreement (a “Non-Consenting Lender”) or any Lender that made a claim for compensation (a “Tax Lender”) with one or more Replacement Lenders, and the
Non-Consenting Lender or Tax Lender, as applicable, shall have no right to refuse to be replaced hereunder. Such notice to replace the Non-Consenting Lender or Tax
Lender, as applicable, shall specify an effective date for such replacement, which date shall not be later than 15 Business Days after the date such notice is given. 

(b) Prior to the effective date of such replacement, the Non-Consenting Lender or Tax Lender, as
applicable, and each Replacement Lender shall execute and deliver an Assignment and Acceptance, subject only to the Non-Consenting Lender or Tax Lender, as applicable, being repaid in full its share of the
outstanding Obligations (without any premium or penalty of any kind whatsoever, but including (i) all interest, fees and other amounts that may be due in payable in respect thereof, and (ii) an assumption of its Pro Rata Share of
participations in the Letters of Credit). If the Non-Consenting Lender or Tax Lender, as applicable, shall refuse or fail to execute and deliver any such Assignment and Acceptance prior to the effective date
of such replacement, Agent may, but shall not be required to, execute and deliver such Assignment and Acceptance in the name or and on behalf of the Non-Consenting Lender or Tax Lender, as applicable, and
irrespective of whether Agent executes and delivers such Assignment and Acceptance, the Non-Consenting Lender or Tax Lender, as applicable, shall be deemed to have executed and delivered such Assignment and
Acceptance. The replacement of any Non-Consenting Lender or Tax Lender, as applicable, shall be made in accordance with the terms of Section 13.1. Until such time as one or more
Replacement Lenders shall have acquired all of the Obligations, the Commitments, and the other rights and obligations of the Non-Consenting Lender or Tax Lender, as applicable, hereunder and under the other
Loan Documents, the Non-Consenting Lender or Tax Lender, as applicable, shall remain obligated to make the Non-Consenting Lender’s or Tax Lender’s, as
applicable, Pro Rata Share of Revolving Loans and to purchase a participation in each Letter of Credit, in an amount equal to its Pro Rata Share of participations in such Letters of Credit. 

14.3. No Waivers; Cumulative Remedies. No failure by Agent or any Lender to exercise any right, remedy, or option under this
Agreement or any other Loan Document, or delay by Agent or any Lender in exercising the same, will operate as a waiver thereof. No waiver by Agent or any Lender will be effective unless it is in writing, and then only to the extent specifically
stated. No waiver by Agent or any Lender on any occasion shall affect or diminish Agent’s and each Lender’s rights thereafter to require strict performance by Parent and Borrower of any provision of this Agreement. Agent’s and each
Lender’s rights under this Agreement and the other Loan Documents will be cumulative and not exclusive of any other right or remedy that Agent or any Lender may have. 

  
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 15. AGENT; THE LENDER GROUP. 

15.1. Appointment and Authorization of Agent. Each Lender hereby designates and appoints PNC as its agent under this Agreement
and the other Loan Documents and each Lender hereby irrevocably authorizes (and by entering into a Bank Product Agreement, each Bank Product Provider shall be deemed to designate, appoint, and authorize) Agent to execute and deliver each of the
other Loan Documents on its behalf and to take such other action on its behalf under the provisions of this Agreement and each other Loan Document and to exercise such powers and perform such duties as are expressly delegated to Agent by the terms
of this Agreement or any other Loan Document, together with such powers as are reasonably incidental thereto. Agent agrees to act as agent for and on behalf of the Lenders (and the Bank Product Providers) on the conditions contained in this
Section 15. Any provision to the contrary contained elsewhere in this Agreement or in any other Loan Document notwithstanding, Agent shall not have any duties or responsibilities, except those expressly set forth herein or
in the other Loan Documents, nor shall Agent have or be deemed to have any fiduciary relationship with any Lender (or Bank Product Provider), and no implied covenants, functions, responsibilities, duties, obligations or liabilities shall be read
into this Agreement or any other Loan Document or otherwise exist against Agent. Without limiting the generality of the foregoing, the use of the term “agent” in this Agreement or the other Loan Documents with reference to Agent is not
intended to connote any fiduciary or other implied (or express) obligations arising under agency doctrine of any applicable law. Instead, such term is used merely as a matter of market custom, and is intended to create or reflect only a
representative relationship between independent contracting parties. Each Lender hereby further authorizes (and by entering into a Bank Product Agreement, each Bank Product Provider shall be deemed to authorize) Agent to act as the secured party
under each of the Loan Documents that create a Lien on any item of Collateral. Except as expressly otherwise provided in this Agreement, Agent shall have and may use its sole discretion with respect to exercising or refraining from exercising any
discretionary rights or taking or refraining from taking any actions that Agent expressly is entitled to take or assert under or pursuant to this Agreement and the other Loan Documents. Without limiting the generality of the foregoing, or of any
other provision of the Loan Documents that provides rights or powers to Agent, Lenders agree that Agent shall have the right to exercise the following powers as long as this Agreement remains in effect: (a) maintain, in accordance with its
customary business practices, ledgers and records reflecting the status of the Obligations, the Collateral, payments and proceeds of Collateral, and related matters, (b) execute or file any and all financing or similar statements or notices,
amendments, renewals, supplements, documents, instruments, proofs of claim, notices and other written agreements with respect to the Loan Documents, (c) make Revolving Loans, for itself or on behalf of Lenders, as provided in the Loan
Documents, (d) exclusively receive, apply, and distribute payments and proceeds of the Collateral as provided in the Loan Documents, (e) open and maintain such bank accounts and cash management arrangements as Agent deems necessary and
appropriate in accordance with the Loan Documents for the foregoing purposes, (f) perform, exercise, and enforce any and all other rights and remedies of the Lender Group with respect to Parent or its Subsidiaries, the Obligations, the
Collateral, or otherwise related to any of same as provided in the Loan Documents, and (g) incur and pay such Lender Group Expenses as Agent may deem necessary or appropriate for the performance and fulfillment of its functions and powers
pursuant to the Loan Documents. 

  
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 15.2. Delegation of Duties. Agent may execute any of its duties under this
Agreement or any other Loan Document by or through agents, employees or attorneys in fact and shall be entitled to advice of counsel concerning all matters pertaining to such duties. Agent shall not be responsible for the negligence or misconduct of
any agent or attorney in fact that it selects as long as such selection was made without gross negligence or willful misconduct. 
 15.3.
Liability of Agent. None of the Agent-Related Persons shall (a) be liable for any action taken or omitted to be taken by any of them under or in connection with this Agreement or any other Loan Document or the transactions
contemplated hereby (except for its own gross negligence or willful misconduct), or (b) be responsible in any manner to any of the Lenders (or Bank Product Providers) for any recital, statement, representation or warranty made by Parent or any
of its Subsidiaries or Affiliates, or any officer or director thereof, contained in this Agreement or in any other Loan Document, or in any certificate, report, statement or other document referred to or provided for in, or received by Agent under
or in connection with, this Agreement or any other Loan Document, or the validity, effectiveness, genuineness, enforceability or sufficiency of this Agreement or any other Loan Document, or for any failure of Parent or its Subsidiaries or any other
party to any Loan Document to perform its obligations hereunder or thereunder. No Agent-Related Person shall be under any obligation to any Lenders (or Bank Product Providers) to ascertain or to inquire as to the observance or performance of any of
the agreements contained in, or conditions of, this Agreement or any other Loan Document, or to inspect the books and records or properties of Parent or its Subsidiaries. 

15.4. Reliance by Agent. Agent shall be entitled to rely, and shall be fully protected in relying, upon any writing, resolution,
notice, consent, certificate, affidavit, letter, telegram, telefacsimile or other electronic method of transmission, telex or telephone message, statement or other document or conversation believed by it to be genuine and correct and to have been
signed, sent, or made by the proper Person or Persons, and upon advice and statements of legal counsel (including counsel to Borrower or counsel to any Lender), independent accountants and other experts selected by Agent. Agent shall be fully
justified in failing or refusing to take any action under this Agreement or any other Loan Document unless Agent shall first receive such advice or concurrence of the Lenders as it deems appropriate and until such instructions are received, Agent
shall act, or refrain from acting, as it deems advisable. If Agent so requests, it shall first be indemnified to its reasonable satisfaction by the Lenders (and, if it so elects, the Bank Product Providers) against any and all liability and expense
that may be incurred by it by reason of taking or continuing to take any such action. Agent shall in all cases be fully protected in acting, or in refraining from acting, under this Agreement or any other Loan Document in accordance with a request
or consent of the Required Lenders and such request and any action taken or failure to act pursuant thereto shall be binding upon all of the Lenders (and Bank Product Providers). 

15.5. Notices of Default or Event of Default. Agent shall not be deemed to have knowledge or notice of the occurrence of any
Default or Event of Default, except with respect to defaults in the payment of principal, interest, fees, and expenses required to be paid to Agent for the account of the Lenders and, except with respect to Events of Default of which Agent has
actual knowledge, unless Agent shall have received written notice from a Lender or Borrower referring 

  
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to this Agreement, describing such Default or Event of Default, and stating that such notice is a “notice of default.” Agent promptly will notify the Lenders of its receipt of any such
notice or of any Event of Default of which Agent has actual knowledge. If any Lender obtains actual knowledge of any Event of Default, such Lender promptly shall notify the other Lenders and Agent of such Event of Default. Each Lender shall be
solely responsible for giving any notices to its Participants, if any. Subject to Section 15.4, Agent shall take such action with respect to such Default or Event of Default as may be requested by the Required Lenders in
accordance with Section 9; provided, that unless and until Agent has received any such request, Agent may (but shall not be obligated to) take such action, or refrain from taking such action, with respect to such
Default or Event of Default as it shall deem advisable. 
 15.6. Credit Decision. Each Lender (and Bank Product Provider)
acknowledges that none of the Agent-Related Persons has made any representation or warranty to it, and that no act by Agent hereinafter taken, including any review of the affairs of Parent and its Subsidiaries or Affiliates, shall be deemed to
constitute any representation or warranty by any Agent-Related Person to any Lender (or Bank Product Provider). Each Lender represents (and by entering into a Bank Product Agreement, each Bank Product Provider shall be deemed to represent) to Agent
that it has, independently and without reliance upon any Agent-Related Person and based on such due diligence, documents and information as it has deemed appropriate, made its own appraisal of and investigation into the business, prospects,
operations, property, financial and other condition and creditworthiness of Borrower or any other Person party to a Loan Document, and all applicable bank regulatory laws relating to the transactions contemplated hereby, and made its own decision to
enter into this Agreement and to extend credit to Borrower. Each Lender also represents (and by entering into a Bank Product Agreement, each Bank Product Provider shall be deemed to represent) that it will, independently and without reliance upon
any Agent-Related Person and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit analysis, appraisals and decisions in taking or not taking action under this Agreement and the other Loan
Documents, and to make such investigations as it deems necessary to inform itself as to the business, prospects, operations, property, financial and other condition and creditworthiness of Borrower or any other Person party to a Loan Document.
Except for notices, reports, and other documents expressly herein required to be furnished to the Lenders by Agent, Agent shall not have any duty or responsibility to provide any Lender (or Bank Product Provider) with any credit or other information
concerning the business, prospects, operations, property, financial and other condition or creditworthiness of Borrower or any other Person party to a Loan Document that may come into the possession of any of the Agent-Related Persons. Each Lender
acknowledges (and by entering into a Bank Product Agreement, each Bank Product Provider shall be deemed to acknowledge) that Agent does not have any duty or responsibility, either initially or on a continuing basis (except to the extent, if any,
that is expressly specified herein) to provide such Lender (or Bank Product Provider) with any credit or other information with respect to Borrower, its Affiliates or any of their respective business, legal, financial or other affairs, and
irrespective of whether such information came into Agent’s or its Affiliates’ or representatives’ possession before or after the date on which such Lender became a party to this Agreement (or such Bank Product Provider entered into a
Bank Product Agreement). 

  
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 15.7. Costs and Expenses; Indemnification. Agent may incur and pay Lender
Group Expenses to the extent Agent reasonably deems necessary or appropriate for the performance and fulfillment of its functions, powers, and obligations pursuant to the Loan Documents, including court costs, attorneys’ fees and expenses, fees
and expenses of financial accountants, advisors, consultants, and appraisers, costs of collection by outside collection agencies, auctioneer fees and expenses, and costs of security guards or insurance premiums paid to maintain the Collateral,
whether or not Borrower is obligated to reimburse Agent or Lenders for such expenses pursuant to this Agreement or otherwise. Agent is authorized and directed to deduct and retain sufficient amounts from payments or proceeds of the Collateral
received by Agent to reimburse Agent for such out-of-pocket costs and expenses prior to the distribution of any amounts to Lenders (or Bank Product Providers). In the
event Agent is not reimbursed for such costs and expenses by Parent or its Subsidiaries, each Lender hereby agrees that it is and shall be obligated to pay to Agent such Lender’s ratable thereof. Each of the Lenders, on a ratable basis, shall
indemnify and defend the Agent-Related Persons (to the extent not reimbursed by or on behalf of Borrower and without limiting the obligation of Borrower to do so) from and against any and all Indemnified Liabilities; provided, that no Lender
shall be liable for the payment to any Agent-Related Person of any portion of such Indemnified Liabilities resulting solely from such Person’s gross negligence or willful misconduct nor shall any Lender be liable for the obligations of any
Defaulting Lender in failing to make a Revolving Loan or other extension of credit hereunder. Without limitation of the foregoing, each Lender shall reimburse Agent upon demand for such Lender’s ratable share of any costs or out of pocket
expenses (including attorneys, accountants, advisors, and consultants fees and expenses) incurred by Agent in connection with the preparation, execution, delivery, administration, modification, amendment, or enforcement (whether through
negotiations, legal proceedings or otherwise) of, or legal advice in respect of rights or responsibilities under, this Agreement or any other Loan Document to the extent that Agent is not reimbursed for such expenses by or on behalf of Borrower. The
undertaking in this Section shall survive the payment of all Obligations hereunder and the resignation or replacement of Agent. 
 15.8.
Agent in Individual Capacity. PNC and its Affiliates may make loans to, issue letters of credit for the account of, accept deposits from, provide Bank Products to, acquire Equity Interests in, and generally engage in any kind of
banking, trust, financial advisory, underwriting, or other business with Parent and its Subsidiaries and Affiliates and any other Person party to any Loan Document as though PNC were not Agent hereunder, and, in each case, without notice to or
consent of the other members of the Lender Group. The other members of the Lender Group acknowledge (and by entering into a Bank Product Agreement, each Bank Product Provider shall be deemed to acknowledge) that, pursuant to such activities, PNC or
its Affiliates may receive information regarding Parent or its Affiliates or any other Person party to any Loan Documents that is subject to confidentiality obligations in favor of Parent or such other Person and that prohibit the disclosure of such
information to the Lenders (or Bank Product Providers), and the Lenders acknowledge (and by entering into a Bank Product Agreement, each Bank Product Provider shall be deemed to acknowledge) that, in such circumstances (and in the absence of a
waiver of such confidentiality obligations, which waiver Agent will use its reasonable best efforts to obtain), Agent shall not be under any obligation to provide such information to them. The terms “Lender” and “Lenders” include
PNC in its individual capacity. 
 15.9. Successor Agent. Agent may resign as Agent (a) upon 30 days (10 days if an Event
of Default has occurred and is continuing) prior written notice to the Lenders (unless such notice is waived by the Required Lenders) and Borrower (unless such notice is waived by Borrower) and without any notice to the Bank Product Providers or
(b) as provided in Section 15.11(c)(iv)(E). If Agent resigns under this Agreement, the Required Lenders shall be entitled, with (so long as no 

  
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Event of Default has occurred and is continuing) the consent of Borrower (such consent not to be unreasonably withheld, delayed, or conditioned), appoint a successor Agent for the Lenders (and
the Bank Product Providers). If, at the time that Agent’s resignation is effective, it is acting as Issuing Bank or the Swing Loan Lender, such resignation shall also operate to effectuate its resignation as Issuing Bank or the Swing Loan
Lender, as applicable, and it shall automatically be relieved of any further obligation to issue Letters of Credit or to make Swing Loans. If no successor Agent is appointed prior to the effective date of the resignation of Agent, Agent may appoint,
after consulting with the Lenders and Borrower, a successor Agent. If Agent has materially breached or failed to perform any material provision of this Agreement or of applicable law, the Required Lenders may agree in writing to remove and replace
Agent with a successor Agent from among the Lenders with (so long as no Event of Default has occurred and is continuing) the consent of Borrower (such consent not to be unreasonably withheld, delayed, or conditioned). In any such event, upon the
acceptance of its appointment as successor Agent hereunder, such successor Agent shall succeed to all the rights, powers, and duties of the retiring Agent and the term “Agent” shall mean such successor Agent and the retiring Agent’s
appointment, powers, and duties as Agent shall be terminated. After any retiring Agent’s resignation hereunder as Agent, the provisions of this Section 15 shall inure to its benefit as to any actions taken or omitted
to be taken by it while it was Agent under this Agreement. If no successor Agent has accepted appointment as Agent by the date which is 30 days following a retiring Agent’s notice of resignation, the retiring Agent’s resignation shall
nevertheless thereupon become effective and the Lenders shall perform all of the duties of Agent hereunder until such time, if any, as the Lenders appoint a successor Agent as provided for above. 

15.10. Lender in Individual Capacity. Any Lender and its respective Affiliates may make loans to, issue letters of credit for the
account of, accept deposits from, provide Bank Products to, acquire Equity Interests in and generally engage in any kind of banking, trust, financial advisory, underwriting, or other business with Parent and its Subsidiaries and Affiliates and any
other Person party to any Loan Documents as though such Lender were not a Lender hereunder without notice to or consent of the other members of the Lender Group (or the Bank Product Providers). The other members of the Lender Group acknowledge (and
by entering into a Bank Product Agreement, each Bank Product Provider shall be deemed to acknowledge) that, pursuant to such activities, such Lender and its respective Affiliates may receive information regarding Parent or its Affiliates or any
other Person party to any Loan Documents that is subject to confidentiality obligations in favor of Parent or such other Person and that prohibit the disclosure of such information to the Lenders, and the Lenders acknowledge (and by entering into a
Bank Product Agreement, each Bank Product Provider shall be deemed to acknowledge) that, in such circumstances (and in the absence of a waiver of such confidentiality obligations, which waiver such Lender will use its reasonable best efforts to
obtain), such Lender shall not be under any obligation to provide such information to them. 
 15.11. Collateral Matters. 

(a) The Lenders hereby irrevocably authorize (and by entering into a Bank Product Agreement, each Bank Product Provider shall be deemed to
authorize) Agent to release any Lien on any Collateral (i) upon the termination of the Commitments and payment and satisfaction in full by Borrower of all of the Obligations, (ii) constituting property being sold or disposed of if a
release is required or desirable in connection therewith and if Borrower certifies 

  
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to Agent that the sale or disposition is permitted under Section 6.4 (and Agent may rely conclusively on any such certificate, without further inquiry),
(iii) constituting property in which Parent or its Subsidiaries owned no interest at the time Agent’s Lien was granted nor at any time thereafter, (iv) constituting property leased or licensed to Parent or its Subsidiaries under a
lease or license that has expired or is terminated in a transaction permitted under this Agreement, or (v) in connection with a credit bid or purchase authorized under this Section 15.11. The Loan Parties and the
Lenders hereby irrevocably authorize (and by entering into a Bank Product Agreement, each Bank Product Provider shall be deemed to authorize) Agent, based upon the instruction of the Required Lenders, to (a) consent to credit bid or purchase
(either directly or indirectly through one or more entities) all or any portion of the Collateral at any sale thereof conducted under the provisions of the Bankruptcy Code, including Section 363 of the Bankruptcy Code, (b) credit bid or
purchase (either directly or indirectly through one or more entities) all or any portion of the Collateral at any sale or other disposition thereof conducted under the provisions of the Code, including pursuant to Sections 9-610 or 9-620 of the Code, or (c) credit bid or purchase (either directly or indirectly through one or more entities) all or any portion of the Collateral at any other
sale or foreclosure conducted or consented to by Agent in accordance with applicable law in any judicial action or proceeding or by the exercise of any legal or equitable remedy. In connection with any such credit bid or purchase, (i) the
Obligations owed to the Lenders and the Bank Product Providers shall be entitled to be, and shall be, credit bid on a ratable basis (with Obligations with respect to contingent or unliquidated claims being estimated for such purpose if the fixing or
liquidation thereof would not impair or unduly delay the ability of Agent to credit bid or purchase at such sale or other disposition of the Collateral and, if such contingent or unliquidated claims cannot be estimated without impairing or unduly
delaying the ability of Agent to credit bid at such sale or other disposition, then such claims shall be disregarded, not credit bid, and not entitled to any interest in the Collateral that is the subject of such credit bid or purchase) and the
Lenders and the Bank Product Providers whose Obligations are credit bid shall be entitled to receive interests (ratably based upon the proportion of their Obligations credit bid in relation to the aggregate amount of Obligations so credit bid) in
the Collateral that is the subject of such credit bid or purchase (or in the Equity Interests of the any entities that are used to consummate such credit bid or purchase) and (ii) Agent, based upon the instruction of the Required Lenders, may
accept non-cash consideration, including debt and equity securities issued by any entities used to consummate such purchase and in connection therewith Agent may reduce the Obligations owed to the Lenders and
the Bank Product Providers based upon the value of such non-cash consideration. Except as provided above, Agent will not execute and deliver a release of any Lien on any Collateral without the prior written
authorization of (y) if the release is of all or substantially all of the Collateral, all of the Lenders (without requiring the authorization of the Bank Product Providers), or (z) otherwise, the Required Lenders (without requiring the
authorization of the Bank Product Providers). Upon request by Agent or Borrower at any time, the Lenders will (and if so requested, the Bank Product Providers will) confirm in writing Agent’s authority to release any such Liens on particular
types or items of Collateral pursuant to this Section 15.11; provided, that (1) anything to the contrary contained in any of the Loan Documents notwithstanding, Agent shall not be required to execute any
document or take any action necessary to evidence such release on terms that, in Agent’s opinion, could expose Agent to liability or create any obligation or entail any consequence other than the release of such Lien without recourse,
representation, or warranty, and (2) such release shall not in any manner discharge, affect, or impair the Obligations or any Liens (other than those expressly released) upon (or obligations of 

  
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Borrower in respect of) any and all interests retained by Borrower, including, the proceeds of any sale, all of which shall continue to constitute part of the Collateral. Each Lender further
hereby irrevocably authorize (and by entering into a Bank Product Agreement, each Bank Product Provider shall be deemed to irrevocably authorize) Agent, at its option and in its sole discretion, to subordinate any Lien granted to or held by Agent
under any Loan Document to the holder of any Permitted Lien on such property if such Permitted Lien secures Permitted Purchase Money Indebtedness. 

(b) Agent shall have no obligation whatsoever to any of the Lenders (or the Bank Product Providers) (i) to verify or assure that the
Collateral exists or is owned by Parent or its Subsidiaries or is cared for, protected, or insured or has been encumbered, (ii) to verify or assure that Agent’s Liens have been properly or sufficiently or lawfully created, perfected,
protected, or enforced or are entitled to any particular priority, (iii) to impose, maintain, increase, reduce, implement, or eliminate any particular reserve hereunder or to determine whether the amount of any reserve is appropriate or not, or
(iv) to exercise at all or in any particular manner or under any duty of care, disclosure or fidelity, or to continue exercising, any of the rights, authorities and powers granted or available to Agent pursuant to any of the Loan Documents, it
being understood and agreed that in respect of the Collateral, or any act, omission, or event related thereto, subject to the terms and conditions contained herein, Agent may act in any manner it may deem appropriate, in its sole discretion given
Agent’s own interest in the Collateral in its capacity as one of the Lenders and that Agent shall have no other duty or liability whatsoever to any Lender (or Bank Product Provider) as to any of the foregoing, except as otherwise expressly
provided herein. 
 (c) Agent and Lenders agree that all Reorganization Securities to be distributed under a Plan will be remitted to Agent
and promptly distributed to the holders of the Obligations according to the priorities set forth in Section 2.12(a)(ii). 

15.12. Restrictions on Actions by Lenders; Sharing of Payments. 

(a) Each of the Lenders agrees that it shall not, without the express written consent of Agent, and that it shall, to the extent it is lawfully
entitled to do so, upon the written request of Agent, set off against the Obligations, any amounts owing by such Lender to Parent Borrower or its Subsidiaries or any deposit accounts of Parent or its Subsidiaries now or hereafter maintained with
such Lender. Each of the Lenders further agrees that it shall not, unless specifically consented to or requested to do so in writing by Agent, (i) take or cause to be taken any action to enforce any Loan Document against Borrower or any
Guarantor, including, without limitation, the commencement of any legal or equitable proceedings, (ii) to take or cause to be taken any action to foreclose any Lien on any security interest in any of the Collateral or otherwise enforce any
security interest in, any of the Collateral, including, without limitation, seeking relief from the automatic stay, seeking adequate protection of its interests in the Collateral, (iii) directly or indirectly, provide, offer to provide, or
support any financing to any Loan Party under Section 364 of the Bankruptcy Code secured by a Lien senior to or pari passu with the Liens securing the Obligations or (iv) make any objection to any action or inaction taken by
Agent during an Insolvency Proceeding. 

  
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 (b) Notwithstanding anything herein to the contrary, Sponsor Affiliated Entities may
contribute their Obligations hereunder to Parent in exchange for Qualified Equity Interests in Parent and, in connection therewith, immediately and without further action by any Person, such Obligations shall immediately be deemed satisfied and
cancelled, and the applicable Sponsor Affiliated Entity shall execute any and all documents reasonably required by Agent to reflect such contribution and cancellation (including without limitation an undertaking to remain obligated under
Section 15.7 as if such Sponsor Affiliated Entity remained a Lender with a Pro Rata Share equal to such Obligations with respect to actions or other matters arising on or prior to the date of such exchange). 

15.13. Agency for Perfection. Agent hereby appoints each other Lender (and each Bank Product Provider) as its agent (and each
Lender hereby accepts (and by entering into a Bank Product Agreement, each Bank Product Provider shall be deemed to accept) such appointment) for the purpose of perfecting Agent’s Liens in assets which, in accordance with Article 8 or Article
9, as applicable, of the Code can be perfected by possession or control. Should any Lender obtain possession or control of any such Collateral, such Lender shall notify Agent thereof, and, promptly upon Agent’s request therefor shall deliver
possession or control of such Collateral to Agent or in accordance with Agent’s instructions. 
 15.14. Payments by Agent to the
Lenders. All payments to be made by Agent to the Lenders (or Bank Product Providers) shall be made by bank wire transfer of immediately available funds pursuant to such wire transfer instructions as each party may designate for itself by
written notice to Agent. Concurrently with each such payment, Agent shall identify whether such payment (or any portion thereof) represents principal, premium, fees, or interest of the Obligations. 

15.15. Concerning the Collateral and Related Loan Documents. Each member of the Lender Group authorizes and directs Agent to
enter into this Agreement and the other Loan Documents. Each member of the Lender Group agrees (and by entering into a Bank Product Agreement, each Bank Product Provider shall be deemed to agree) that any action taken by Agent in accordance with the
terms of this Agreement or the other Loan Documents relating to the Collateral and the exercise by Agent of its powers set forth therein or herein, together with such other powers that are reasonably incidental thereto, shall be binding upon all of
the Lenders (and such Bank Product Provider). 
 15.16. Financial Examination Reports; Confidentiality; Disclaimers by Lenders; Other
Reports and Information. By becoming a party to this Agreement, each Lender: 
 (a) is deemed to have requested that Agent furnish
such Lender, promptly after it becomes available, a copy of each financial examination report respecting Parent or its Subsidiaries (each, a “Report”) prepared by or at the request of Agent, and Agent shall so furnish each Lender
with such Reports, 
 (b) expressly agrees and acknowledges that Agent does not (i) make any representation or warranty as to the
accuracy of any Report, and (ii) shall not be liable for any information contained in any Report, 
 (c) expressly agrees and
acknowledges that the Reports are not comprehensive audits or examinations, that Agent or other party performing any financial examination will inspect only specific information regarding Parent and its Subsidiaries and will rely significantly upon
Parent’s and its Subsidiaries’ books and records, as well as on representations of Borrower’s personnel, 

  
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 (d) agrees to keep all Reports and other material,
non-public information regarding Parent and its Subsidiaries and their operations, assets, and existing and contemplated business plans in a confidential manner in accordance with
Section 17.9, and 
 (e) without limiting the generality of any other indemnification provision contained in this
Agreement, agrees: (i) to hold Agent and any other Lender preparing a Report harmless from any action the indemnifying Lender may take or fail to take or any conclusion the indemnifying Lender may reach or draw from any Report in connection
with any loans or other credit accommodations that the indemnifying Lender has made or may make to Borrower, or the indemnifying Lender’s participation in, or the indemnifying Lender’s purchase of, a loan or loans of Borrower, and
(ii) to pay and protect, and indemnify, defend and hold Agent, and any such other Lender preparing a Report harmless from and against, the claims, actions, proceedings, damages, costs, expenses, and other amounts (including, attorneys’
fees and costs) incurred by Agent and any such other Lender preparing a Report as the direct or indirect result of any third parties who might obtain all or part of any Report through the indemnifying Lender. 

(f) In addition to the foregoing, (w) if Agent receives notice of a Permitted Acquisition or of a transaction between Parent or its
Subsidiaries permitted under Section 6.10(a) or (x) any Lender may from time to time request of Agent in writing that Agent provide to such Lender a copy of any report or document provided by Parent or its Subsidiaries
to Agent that has not been contemporaneously provided by Parent or such Subsidiary to such Lender, and, upon receipt of such request, Agent promptly shall provide a copy of same to such Lender, (y) to the extent that Agent is entitled, under
any provision of the Loan Documents, to request additional reports or information from Parent or its Subsidiaries, any Lender may, from time to time, reasonably request Agent to exercise such right as specified in such Lender’s notice to Agent,
whereupon Agent promptly shall request of Borrower the additional reports or information reasonably specified by such Lender, and, upon receipt thereof from Parent or such Subsidiary, Agent promptly shall provide a copy of same to such Lender, and
(z) any time that Agent renders to Borrower a statement regarding the Loan Account, Agent shall send a copy of such statement to each Lender. 

15.17. Several Obligations; No Liability. Notwithstanding that certain of the Loan Documents now or hereafter may have been or
will be executed only by or in favor of Agent in its capacity as such, and not by or in favor of the Lenders, any and all obligations on the part of Agent (if any) to make any credit available hereunder shall constitute the several (and not joint)
obligations of the respective Lenders on a ratable basis, according to their respective Commitments, to make an amount of such credit not to exceed, in principal amount, at any one time outstanding, the amount of their respective Commitments.
Nothing contained herein shall confer upon any Lender any interest in, or subject any Lender to any liability for, or in respect of, the business, assets, profits, losses, or liabilities of any other Lender. Each Lender shall be solely responsible
for notifying its Participants of any matters relating to the Loan Documents to the extent any such notice may be required, and no Lender shall have any obligation, duty, or liability to any Participant of any other Lender. Except as provided in
Section 15.7, no member of the Lender Group shall have any liability for the acts of any other member of the Lender Group. No 

  
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Lender shall be responsible to Borrower or any other Person for any failure by any other Lender (or Bank Product Provider) to fulfill its obligations to make credit available hereunder, nor to
advance for such Lender (or Bank Product Provider) or on its behalf, nor to take any other action on behalf of such Lender (or Bank Product Provider) hereunder or in connection with the financing contemplated herein. 

16. WITHHOLDING TAXES. 
 16.1.
Payments. 
 (a) All payments made by Borrower hereunder or under any note or other Loan Document will be made without setoff,
counterclaim, or other defense. In addition, all such payments will be made free and clear of, and without deduction or withholding for, any present or future Indemnified Taxes, and in the event any deduction or withholding of Indemnified Taxes
is required, Borrower shall comply with the next sentence of this Section 16.1. If any Indemnified Taxes are so levied or imposed, Borrower agrees to pay the full amount of such Indemnified Taxes and such additional amounts as may be
necessary so that every payment of all amounts due under this Agreement, any note, or Loan Document, including any amount paid pursuant to this Section 16.1 after withholding or deduction for or on account of any Indemnified Taxes, will not be
less than the amount provided for herein provided, however, that Borrower shall not be required to increase any such amounts payable to Agent or any Lender (i) on account of Taxes that would not have been imposed but for such Lender changing
its residence, place of organization, principal place of business or its branch or lending office participating in the transactions set forth herein; provided, however, this clause (i) shall not apply to the extent the amount such Lender would
be entitled to receive under such circumstances does not exceed the amount such Lender would have been entitled to receive in the absence of the change or if the change was made at the request of any Loan Party; or (ii) if the increase in such
amount payable results from Agent’s or such Lender’s own bad faith, willful misconduct or gross negligence (as finally determined by a court of competent jurisdiction). Borrower will furnish to Agent as promptly as possible after the
date the payment of any Indemnified Tax imposed with respect to any Loan Document is due pursuant to applicable law, certified copies of tax receipts evidencing such payment by Borrower. Borrower agrees to pay any present or future stamp, value
added or documentary taxes or any other excise or property taxes, charges, or similar levies (“Other Taxes”) that arise from any payment made hereunder or from the execution, delivery, performance, recordation, or filing of, or otherwise
with respect to this Agreement or any other Loan Document.
 (b) The Loan Parties shall jointly and severally indemnify each Indemnified
Person (as defined in Section 10.3) (collectively a “Tax Indemnitee”) for the full amount of Indemnified Taxes and Other Taxes arising in connection with this Agreement or any other Loan Document or breach thereof by any Loan Party
(including, without limitation, any Indemnified Taxes and Other Taxes imposed or asserted on, or attributable to, amounts payable under this Section 16; provided, however, that for purposes of any Indemnified Taxes or Other Taxes
imposed or asserted on, or attributable to, amounts payable under this Section 16, each Tax Indemnitee agrees to be subject to the definition of Excluded Taxes as though it were a Lender) imposed on, or paid by, such Tax Indemnitee and all
reasonable costs and expenses related thereto (including fees and disbursements of attorneys and other tax professionals), as and when they are incurred and irrespective of whether suit is brought, whether or not such Indemnified Taxes or

  
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Other Taxes were correctly or legally imposed or asserted by the relevant Governmental Authority; provided, however, that Borrower shall not be required to indemnify any Tax Indemnitee with
respect to (i) any Taxes described in Section 16.1(a)(i); or (ii) if the increase in such amount payable results from such Tax Indemnitee’s own bad faith, willful misconduct or gross negligence (as finally determined by a court
of competent jurisdiction). The obligations of the Loan Parties under this Section 16 shall survive the termination of this Agreement, the resignation and replacement of the Agent, and the repayment of the Obligations. 

16.2. Exemptions. 

(a) If a Lender or Participant is entitled to claim an exemption or reduction from United States withholding tax, such Lender or Participant
agrees with and in favor of Agent, to deliver to Agent upon a request by Agent with respect thereto (or, in the case of a Participant, to the Lender granting the participation only) one of the following before receiving its first payment under this
Agreement: 
 (i) if such Lender or Participant is entitled to claim an exemption from United States withholding tax pursuant to the
portfolio interest exception, (A) a statement of the Lender or Participant, signed under penalty of perjury, that it is not a (I) a “bank” as described in Section 881(c)(3)(A) of the IRC, (II) a 10% shareholder of
Borrower (within the meaning of Section 871(h)(3)(B) of the IRC), or (III) a controlled foreign corporation related to Borrower within the meaning of Section 864(d)(4) of the IRC, and (B) a properly completed and executed IRS
Form W-8BEN, IRS Form W-8BEN-E, or Form W-8IMY (with proper attachments), as applicable;

 (ii) if such Lender or Participant is entitled to claim an exemption from, or a reduction of, withholding tax under a United States tax
treaty, a properly completed and executed copy of IRS Form W-8BEN or IRS Form W-8BEN-E, as applicable; 

(iii) if such Lender or Participant is entitled to claim that interest paid under this Agreement is exempt from United States withholding tax
because it is effectively connected with a United States trade or business of such Lender, a properly completed and executed copy of IRS Form W-8ECI; 

(iv) if such Lender or Participant is entitled to claim that interest paid under this Agreement is exempt from United States withholding tax
because such Lender or Participant serves as an intermediary, a properly completed and executed copy of IRS Form W-8IMY (with proper attachments); or 

(v) a properly completed and executed copy of any other form or forms, including IRS Form W-9, as may
be required under the IRC or other laws of the United States as a condition to exemption from, or reduction of, United States withholding or backup withholding tax. 

(b) Each Lender or Participant shall provide new forms (or successor forms) upon the expiration or obsolescence of any previously delivered
forms and to promptly notify Agent (or, in the case of a Participant, to the Lender granting the participation only) of any change in circumstances which would modify or render invalid any claimed exemption or reduction. 

  
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 (c) If a Lender or Participant claims an exemption from withholding tax in a jurisdiction
other than the United States, such Lender or such Participant agrees with and in favor of Agent, to deliver to Agent (or, in the case of a Participant, to the Lender granting the participation only) any such form or forms, as may be required under
the laws of such jurisdiction as a condition to exemption from, or reduction of, foreign withholding or backup withholding tax before receiving its first payment under this Agreement, but only if such Lender or such Participant is legally able to
deliver such forms, provided, that nothing in this Section 16.2(c) shall require a Lender or Participant to disclose any information that it deems to be confidential (including without limitation, its tax returns). Each
Lender and each Participant shall provide new forms (or successor forms) upon the expiration or obsolescence of any previously delivered forms and to promptly notify Agent (or, in the case of a Participant, to the Lender granting the participation
only) of any change in circumstances which would modify or render invalid any claimed exemption or reduction. 
 (d) If a Lender or
Participant claims exemption from, or reduction of, withholding tax and such Lender or Participant sells, assigns, grants a participation in, or otherwise transfers all or part of the Obligations of Borrower to such Lender or Participant, such
Lender or Participant agrees to notify Agent (or, in the case of a sale of a participation interest, to the Lender granting the participation only) of the percentage amount in which it is no longer the beneficial owner of Obligations of Borrower to
such Lender or Participant. To the extent of such percentage amount, Agent will treat such Lender’s or such Participant’s documentation provided pursuant to Section 16.2(a) or 16.2(c) as no longer valid.
With respect to such percentage amount, such Participant or Assignee may provide new documentation, pursuant to Section 16.2(a) or 16.2(c), if applicable. Borrower agrees that each Participant shall be entitled to
the benefits of this Section 16 with respect to its participation in any portion of the Commitments and the Obligations so long as such Participant complies with the obligations set forth in this
Section 16 with respect thereto. 
 (e) If a payment made to Agent, any Lender or any other recipient of any
payment to be made by or on account of any Obligation, Letters of Credit or Loan Documents of Borrower hereunder (each, a “Recipient”) would be subject to U.S. federal withholding Tax imposed under FATCA if such Recipient fails to
comply with the applicable reporting requirements of FATCA, such Recipient shall deliver to Borrower and Agent (A) a certification of foreign status signed by the chief financial officer, principal accounting officer, treasurer or controller
and (B) other documentation reasonably requested by Borrower or Agent sufficient for Agent or Borrower to comply with their obligations under FATCA and to determine if such Recipient is exempt from withholding under FATCA. 

16.3. Reductions. 

(a) If a Lender or a Participant is entitled to a reduction in the applicable withholding tax, Agent (or, in the case of a Participant, to the
Lender granting the participation) may withhold from any interest payment to such Lender or such Participant an amount equivalent to the applicable withholding tax after taking into account such reduction. If the forms or other documentation
required by Section 16.2(a) or 16.2(c) are not delivered to Agent (or, in the case of a Participant, to the Lender granting the participation) or Borrower, then Agent (or, in the case of a Participant, to the Lender
granting the participation) may withhold from any interest payment to such Lender or such Participant not providing such forms or other documentation an amount equivalent to the applicable withholding tax. 

  
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 (b) If the IRS or any other Governmental Authority of the United States or other
jurisdiction asserts a claim that Agent (or, in the case of a Participant, to the Lender granting the participation) did not properly withhold tax from amounts paid to or for the account of any Lender or any Participant due to a failure on the part
of the Lender or any Participant (because the appropriate form was not delivered, was not properly executed, or because such Lender failed to notify Agent (or such Participant failed to notify the Lender granting the participation) of a change in
circumstances which rendered the exemption from, or reduction of, withholding tax ineffective, or for any other reason) such Lender shall indemnify and hold Agent harmless (or, in the case of a Participant, such Participant shall indemnify and hold
the Lender granting the participation harmless) for all amounts paid, directly or indirectly, by Agent (or, in the case of a Participant, to the Lender granting the participation), as tax or otherwise, including penalties and interest, and including
any taxes imposed by any jurisdiction on the amounts payable to Agent (or, in the case of a Participant, to the Lender granting the participation only) under this Section 16, together with all costs and expenses (including
attorneys’ fees and expenses). The obligation of the Lenders and the Participants under this subsection shall survive the payment of all Obligations and the resignation or replacement of Agent. 

16.4. Refunds. If Agent or a Lender determines, in its sole discretion, that it has received a refund of any Indemnified Taxes to
which Borrower has paid additional amounts pursuant to this Section 16, so long as no Default or Event of Default has occurred and is continuing, it shall pay over such refund to Borrower (but only to the extent of payments
made, or additional amounts paid, by Borrower under this Section 16 with respect to Indemnified Taxes giving rise to such a refund), net of all
out-of-pocket expenses of Agent or such Lender and without interest (other than any interest paid by the applicable Governmental Authority with respect to such a
refund); provided, that Borrower, upon the request of Agent or such Lender, agrees to repay the amount paid over to Borrower (plus any penalties, interest or other charges, imposed by the applicable Governmental Authority, other than such
penalties, interest or other charges imposed as a result of the willful misconduct or gross negligence of Agent hereunder) to Agent or such Lender in the event Agent or such Lender is required to repay such refund to such Governmental Authority.
Notwithstanding anything in this Agreement to the contrary, this Section 16 shall not be construed to require Agent or any Lender to make available its tax returns (or any other information which it deems confidential) to
Borrower or any other Person. 
 17. GENERAL PROVISIONS. 

17.1. Effectiveness. This Agreement shall be binding and deemed effective when executed by Parent, Borrower, Agent, and each
Lender whose signature is provided for on the signature pages hereof. 
 17.2. Section Headings. Headings and numbers have been
set forth herein for convenience only. Unless the contrary is compelled by the context, everything contained in each Section applies equally to this entire Agreement. 

  
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 17.3. Interpretation. Neither this Agreement nor any uncertainty or ambiguity
herein shall be construed against the Lender Group or Parent or Borrower, whether under any rule of construction or otherwise. On the contrary, this Agreement has been reviewed by all parties and shall be construed and interpreted according to the
ordinary meaning of the words used so as to accomplish fairly the purposes and intentions of all parties hereto. 
 17.4. Severability
of Provisions. Each provision of this Agreement shall be severable from every other provision of this Agreement for the purpose of determining the legal enforceability of any specific provision. 

17.5. Bank Product Providers. Each Bank Product Provider in its capacity as such shall be deemed a third party beneficiary hereof
and of the provisions of the other Loan Documents for purposes of any reference in a Loan Document to the parties for whom Agent is acting. Agent hereby agrees to act as agent for such Bank Product Providers and, by virtue of entering into a Bank
Product Agreement, the applicable Bank Product Provider shall be automatically deemed to have appointed Agent as its agent and to have accepted the benefits of the Loan Documents. It is understood and agreed that the rights and benefits of each Bank
Product Provider under the Loan Documents consist exclusively of such Bank Product Provider’s being a beneficiary of the Liens and security interests (and, if applicable, guarantees) granted to Agent and the right to share in payments and
collections out of the Collateral as more fully set forth herein. In addition, each Bank Product Provider, by virtue of entering into a Bank Product Agreement, shall be automatically deemed to have agreed that Agent shall have the right, but shall
have no obligation, to establish, maintain, relax, or release reserves in respect of the Bank Product Obligations and that if reserves are established there is no obligation on the part of Agent to determine or insure whether the amount of any such
reserve is appropriate or not. In connection with any such distribution of payments or proceeds of Collateral, Agent shall be entitled to assume no amounts are due or owing to any Bank Product Provider unless such Bank Product Provider has provided
a written certification (setting forth a reasonably detailed calculation) to Agent as to the amounts that are due and owing to it and such written certification is received by Agent a reasonable period of time prior to the making of such
distribution. Agent shall have no obligation to calculate the amount due and payable with respect to any Bank Products, but may rely upon the written certification of the amount due and payable from the applicable Bank Product Provider. In the
absence of an updated certification, Agent shall be entitled to assume that the amount due and payable to the applicable Bank Product Provider is the amount last certified to Agent by such Bank Product Provider as being due and payable (less any
distributions made to such Bank Product Provider on account thereof). Borrower may obtain Bank Products from any Bank Product Provider, although Borrower is not required to do so. Borrower acknowledges and agrees that no Bank Product Provider has
committed to provide any Bank Products and that the providing of Bank Products by any Bank Product Provider is in the sole and absolute discretion of such Bank Product Provider. Notwithstanding anything to the contrary in this Agreement or any other
Loan Document, no provider or holder of any Bank Product shall have any voting or approval rights hereunder (or be deemed a Lender) solely by virtue of its status as the provider or holder of such agreements or products or the Obligations owing
thereunder, nor shall the consent of any such provider or holder be required (other than in their capacities as Lenders, to the extent applicable) for any matter hereunder or under any of the other Loan Documents, including as to any matter relating
to the Collateral or the release of Collateral or Guarantors. 

  
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 17.6. Debtor-Creditor Relationship. The relationship between the Lenders and
Agent, on the one hand, and the Loan Parties, on the other hand, is solely that of creditor and debtor. No member of the Lender Group has (or shall be deemed to have) any fiduciary relationship or duty to any Loan Party arising out of or in
connection with the Loan Documents or the transactions contemplated thereby, and there is no agency or joint venture relationship between the members of the Lender Group, on the one hand, and the Loan Parties, on the other hand, by virtue of any
Loan Document or any transaction contemplated therein. 
 17.7. Counterparts; Electronic Execution. This Agreement may be
executed in any number of counterparts and by different parties on separate counterparts, each of which, when executed and delivered, shall be deemed to be an original, and all of which, when taken together, shall constitute but one and the same
Agreement. Delivery of an executed counterpart of this Agreement by telefacsimile or other electronic method of transmission shall be equally as effective as delivery of an original executed counterpart of this Agreement. Any party delivering an
executed counterpart of this Agreement by telefacsimile or other electronic method of transmission also shall deliver an original executed counterpart of this Agreement but the failure to deliver an original executed counterpart shall not affect the
validity, enforceability, and binding effect of this Agreement. The foregoing shall apply to each other Loan Document mutatis mutandis. 

17.8. Revival and Reinstatement of Obligations; Certain Waivers. 

(a) If any member of the Lender Group or any Bank Product Provider repays, refunds, restores, or returns in whole or in part, any payment or
property (including any proceeds of Collateral) previously paid or transferred to such member of the Lender Group or such Bank Product Provider in full or partial satisfaction of any Obligation or on account of any other obligation of any Loan Party
under any Loan Document or any Bank Product Agreement, because the payment, transfer, or the incurrence of the obligation so satisfied is asserted or declared to be void, voidable, or otherwise recoverable under any law relating to creditors’
rights, including provisions of the Bankruptcy Code relating to fraudulent transfers, preferences, or other voidable or recoverable obligations or transfers (each, a “Voidable Transfer”), or because such member of the Lender Group
or Bank Product Provider elects to do so on the reasonable advice of its counsel in connection with a claim that the payment, transfer, or incurrence is or may be a Voidable Transfer, then, as to any such Voidable Transfer, or the amount thereof
that such member of the Lender Group or Bank Product Provider elects to repay, restore, or return (including pursuant to a settlement of any claim in respect thereof), and as to all reasonable costs, expenses, and attorneys’ fees of such member
of the Lender Group or Bank Product Provider related thereto, (i) the liability of the Loan Parties with respect to the amount or property paid, refunded, restored, or returned will automatically and immediately be revived, reinstated, and
restored and will exist and (ii) Agent’s Liens securing such liability shall be effective, revived, and remain in full force and effect, in each case, as fully as if such Voidable Transfer had never been made. If, prior to any of the
foregoing, (A) Agent’s Liens shall have been released or terminated or (B) any provision of this Agreement shall have been terminated or cancelled, Agent’s Liens, or such provision of this Agreement, shall be reinstated in full
force and effect and such prior release, termination, cancellation or surrender shall not diminish, release, discharge, impair or otherwise affect the obligation of any Loan Party in respect of such liability or any Collateral securing such
liability. 

  
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 (b) Anything to the contrary contained herein notwithstanding, if Agent or any Lender
accepts a guaranty of only a portion of the Obligations pursuant to any guaranty, Borrower hereby waives its right under Section 2822(a) of the California Civil Code or any similar laws of any other applicable jurisdiction to designate the
portion of the Obligations satisfied by the applicable guarantor’s partial payment. 
 17.9. Confidentiality. 

(a) Agent and Lenders each individually (and not jointly or jointly and severally) agree that material,
non-public information regarding Parent and its Subsidiaries, their operations, assets, and existing and contemplated business plans (“Confidential Information”) shall be treated by Agent and
the Lenders in a confidential manner, and shall not be disclosed by Agent and the Lenders to Persons who are not parties to this Agreement, except: (i) to attorneys for and other advisors, accountants, auditors, and consultants to any member of
the Lender Group and to employees, directors and officers of any member of the Lender Group (the Persons in this clause (i), “Lender Group Representatives”) on a “need to know” basis in connection with this Agreement, the
other Loan Documents and the transactions contemplated hereby or thereby and on a confidential basis; provided, that any such Person shall have agreed to receive such information subject to the terms of this
Section 17.9, (ii) to Subsidiaries and Affiliates of any member of the Lender Group (including the Bank Product Providers), provided that any such Subsidiary or Affiliate shall have agreed to receive such information
hereunder subject to the terms of this Section 17.9 or is otherwise obligated to maintain the confidentiality of such Confidential Information in accordance with such member of the Lender Group’s policies and
procedures, (iii) as may be required by any government agency or other regulatory authority with legal authority to regulate the business and operations of any Lender or any Affiliate of a Lender so long as (if legally permitted and reasonably
practicable) such authorities are informed of the confidential nature of such information, (iv) as may be required by statute, decision, or judicial or administrative order, rule, or regulation; provided that (x) prior to any
disclosure under this clause (iv), the disclosing party agrees to provide Borrower with prior notice thereof, to the extent that it is practicable to do so and to the extent that the disclosing party is permitted to provide such prior notice to
Borrower pursuant to the terms of the applicable statute, decision, or judicial or administrative order, rule, or regulation and (y) any disclosure under this clause (iv) shall be limited to the portion of the Confidential Information as
may be required by such statute, decision, or judicial or administrative order, rule, or regulation, (v) as may be agreed to in advance in writing by Borrower, (vi) as requested or required by any Governmental Authority pursuant to any
subpoena or other legal process, provided, that, (x) prior to any disclosure under this clause (vi) the disclosing party agrees to provide Borrower with prior written notice thereof, to the extent that it is practicable to do so and to the
extent that the disclosing party is permitted to provide such prior written notice to Borrower pursuant to the terms of the subpoena or other legal process and (y) any disclosure under this clause (vi) shall be limited to the portion of
the Confidential Information as may be required by such Governmental Authority pursuant to such subpoena or other legal process, (vii) as to any such information that is or becomes generally available to the public (other than as a result of
prohibited disclosure by Agent or the Lenders or the Lender Group Representatives), (viii) in connection with any assignment, participation or pledge of any Lender’s interest under this Agreement, provided that prior to receipt of
Confidential Information any such assignee, participant, or pledgee shall have agreed in writing to receive such Confidential Information either subject to the terms of this Section 17.9 or pursuant to confidentiality

  
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requirements substantially similar to those contained in this Section 17.9 (and such Person may disclose such Confidential Information to Persons employed or engaged by
them as described in clause (i) above), (ix) in connection with any litigation or other adversary proceeding involving parties hereto which such litigation or adversary proceeding involves claims related to the rights or duties of such
parties under this Agreement or the other Loan Documents; provided, that, prior to any disclosure to any Person (other than any Loan Party, Agent, any Lender, any of their respective Affiliates, or their respective counsel) under this clause
(ix) with respect to litigation involving any Person (other than any Loan Party, Agent, any Lender, any of their respective Affiliates, or their respective counsel), the disclosing party agrees to provide Borrower with prior written notice
thereof, and (x) in connection with, and to the extent reasonably necessary for, the exercise of any secured creditor remedy under this Agreement or under any other Loan Document. 

(b) Anything in this Agreement to the contrary notwithstanding, Agent may disclose information concerning the terms and conditions of this
Agreement and the other Loan Documents to loan syndication and pricing reporting services or in its marketing or promotional materials, with such information to consist of deal terms and other information customarily found in such publications or
marketing or promotional materials and may otherwise use the name, logos, and other insignia of Borrower or the other Loan Parties and the Commitments provided hereunder in any “tombstone” or other advertisements, on its website or in
other marketing materials of the Agent. 
 (c) The Loan Parties hereby acknowledge that Agent or its Affiliates may make available to the
Lenders materials or information provided by or on behalf of Borrower hereunder (collectively, “Borrower Materials”) by posting the Borrower Materials on IntraLinks, SyndTrak or another similar electronic system (the
“Platform”) and 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 Loan Parties or
their securities) (each, a “Public Lender”). The Loan Parties shall be deemed to have authorized Agent and its Affiliates and the Lenders to treat Borrower Materials marked “PUBLIC” or otherwise at any time filed with the
SEC as not containing any material non-public information with respect to the Loan Parties or their securities for purposes of United States federal and state securities laws. All Borrower Materials marked
“PUBLIC” are permitted to be made available through a portion of the Platform designated as “Public Investor” (or another similar term). Agent and its Affiliates and the Lenders shall be entitled to treat any Borrower Materials
that are not marked “PUBLIC” or that are not at any time filed with the SEC as being suitable only for posting on a portion of the Platform not marked as “Public Investor” (or such other similar term). 

17.10. Survival. All representations and warranties made by the Loan Parties in the Loan Documents and in the certificates or
other instruments delivered in connection with or pursuant to this Agreement or any other Loan Document shall be considered to have been relied upon by the other parties hereto and shall survive the execution and delivery of the Loan Documents and
the making of any Loans and issuance of any Letters of Credit, regardless of any investigation made by any such other party or on its behalf and notwithstanding that Agent, Issuing Bank, or any Lender may have had notice or knowledge of any Default
or Event of Default or incorrect representation or warranty at the time any credit is extended hereunder, and shall continue in full force and effect as long as the principal of, or any accrued interest on, any Loan or any fee or any other amount
payable under this Agreement is outstanding or unpaid or any Letter of Credit is outstanding and so long as the Commitments have not expired or been terminated. 

  
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 17.11. Patriot Act. Each Lender that is subject to the requirements of the
Patriot Act hereby notifies Borrower that pursuant to the requirements of the Act, it is required to obtain, verify and record information that identifies Borrower, which information includes the name and address of Borrower and other information
that will allow such Lender to identify Borrower in accordance with the Patriot Act. In addition, if Agent is required by law or regulation or internal policies to do so, it shall have the right to periodically conduct (a) Patriot Act searches,
OFAC/PEP searches, and customary individual background checks for the Loan Parties and (b) OFAC/PEP searches and customary individual background checks for the Loan Parties’ senior management and key principals, and Borrower agrees to
cooperate in respect of the conduct of such searches and further agrees that the reasonable costs and charges for such searches shall constitute Lender Group Expenses hereunder and be for the account of Borrower. 

17.12. Integration. This Agreement, together with the other Loan Documents, reflects the entire understanding of the parties with
respect to the transactions contemplated hereby and shall not be contradicted or qualified by any other agreement, oral or written, before the Sixth Amendment Effective Date. The foregoing to the contrary notwithstanding, all Bank Product
Agreements, if any, are independent agreements governed by the written provisions of such Bank Product Agreements, which will remain in full force and effect, unaffected by any repayment, prepayments, acceleration, reduction, increase, or change in
the terms of any credit extended hereunder, except as otherwise expressly provided in such Bank Product Agreement. 
 [Signature pages to
follow.] 
  

  
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 IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed and
delivered as of the date first above written. 
  

							
	PARENT:	 		 	 LIVEVOX HOLDINGS, INC.,
 a
Delaware corporation

				
		 		 	By:	 	 /s/ Louis Summe

		 		 	Name: Louis Summe
		 		 	Title: Chief Executive Officer
			
	BORROWER:	 		 	 LIVEVOX, INC.,
 a Delaware
corporation

				
		 		 	By:	 	 /s/ Louis Summe

		 		 	Name: Louis Summe
		 		 	Title: Chief Executive Officer

							
	AGENT AND SOLE INITIAL	 		 	PNC BANK, NATIONAL ASSOCIATION,
	LENDER:	 		 	a national banking association
				
		 		 	By:	 	 /s/ Christopher Duranto 

		 		 	Name: Christopher Duranto
		 		 	Title: Vice President

  
 94 

 Schedule C-1 

Commitments 
  

													
	 Lender
	  	Revolver
Commitment	 	  	Term Loan
Commitment	 	  	Total
Commitment	 
	 PNC Bank, National Association
	  	$	5,000,000	 	  	$	35,000,000	 	  	$	40,000,000	 
	 All Lenders
	  	$	5,000,000	 	  	$	35,000,000	 	  	$	40,000,000	 

  

 Schedule 1.1 

As used in the Agreement, the following terms shall have the following definitions: 

“Accounting Changes” means changes in accounting principles required by the promulgation of any rule, regulation,
pronouncement or opinion by the Financial Accounting Standards Board of the American Institute of Certified Public Accountants (or successor thereto or any agency with similar functions). 

“Acquired Indebtedness” means Indebtedness of a Person whose assets or Equity Interests are acquired by Parent or any of its
Subsidiaries in a Permitted Acquisition; provided, that such Indebtedness (a) is either purchase money Indebtedness or a Capital Lease with respect to Equipment or mortgage financing with respect to Real Property, (b) was in
existence prior to the date of such Permitted Acquisition, and (c) was not incurred in connection with, or in contemplation of, such Permitted Acquisition. 

“Acquisition” has the meaning specified in the definition of Permitted Acquisition. 

“Additional Documents” has the meaning specified therefor in Section 5.12 of the Agreement. 

“Administrative Questionnaire” has the meaning specified therefor in Section 13.1(a) of the
Agreement. 
 “Advisory Agreement” means the Advisory Agreement, dated as of the Closing Date, by and between Parent,
Borrower, LiveVox TopCo, LLC and GGC Administration, LLC, as in effect on the Closing Date. 
 “Affected Lender” has the
meaning specified therefor in Section 2.17(b) of the Agreement. 
 “Affiliate” means, as applied
to any Person, any other Person who controls, is controlled by, or is under common control with, such Person. For purposes of this definition, “control” means the possession, directly or indirectly through one or more intermediaries, of
the power to direct the management and policies of a Person, whether through the ownership of Equity Interests, by contract, or otherwise; provided, that, for purposes of Section 6.10 of the Agreement: (a) any
Person which owns directly or indirectly 10% or more of the Equity Interests having ordinary voting power for the election of directors or other members of the governing body of a Person or 10% or more of the partnership or other ownership interests
of a Person (other than as a limited partner of such Person) shall be deemed an Affiliate of such Person, (b) each director (or comparable manager) of a Person shall be deemed to be an Affiliate of such Person, and (c) each partnership in
which a Person is a general partner shall be deemed an Affiliate of such Person. 
 “Agent” has the meaning specified
therefor in the preamble to the Agreement. 
 “Agent-Related Persons” means Agent, together with its Affiliates, officers,
directors, employees, attorneys, and agents. 
  

  
 Schedule 1.1 – Page
1 

 “Agent’s Liens” means the Liens granted by Parent, Borrower or their
Subsidiaries to Agent under the Loan Documents and securing the Obligations. 
 “Agreement” means the Credit Agreement to
which this Schedule 1.1 is attached. 
 “Alternate Base Rate” means, for any day, a rate per annum equal to the
highest of (a) the Base Rate in effect on such day, (b) the sum of the Federal Funds Open Rate in effect on such day plus one half of one percent (0.5%), and (c) the sum of the Daily LIBOR Rate in effect on such day plus
one percent (1.0%), so long as a Daily LIBOR Rate is offered, ascertainable and not unlawful. 
 “Anti-Corruption Laws”
means all laws, rules and regulations of any jurisdiction applicable to Parent or its Subsidiaries from time to time concerning or relating to bribery, corruption or money laundering. 

“Applicable Affiliate Transaction Documents” means the agreements to which Borrower is a party evidencing the transactions
permitted pursuant to Section 6.10(l) of the Agreement. 
 “Applicable Base Rate Margin” has the
meaning set forth in the definition of Applicable Margin. 
 “Applicable LIBOR Rate Margin” has the meaning set forth in
the definition of Applicable Margin. 
 “Applicable Margin” means (a) in the case of Swing Loans and all other Loans
that are, in each case, Base Rate Loans (i) during the period commencing on the Closing Date and ending on the last day of the calendar month in which the Covenant Conversion Date occurs, 3.75 percentage points and (ii) at all times on and
after the first day of the first month immediately following the Covenant Conversion Date, 3.25 percentage points (the percentage points in this subclause (a), the “Applicable Base Rate Margin”), and (b) in the case of Loans
other than Swing Loans that are, in each case, LIBOR Rate Loans, (i) during the period commencing on the Closing Date and ending on the last day of the calendar month in which the Covenant Conversion Date occurs, 4.75 percentage points and
(ii) at all times on and after the first day of the first month immediately following the Covenant Conversion Date, 4.25 percentage points (the percentage points in this subclause (b), the “Applicable LIBOR Rate Margin”);
provided, however, if the Covenant Conversion Date occurred pursuant to the delivery of Early Election Documentation and after such delivery, whether as a result of any restatement of, or other adjustment to, the financial statements
of the Loan Parties, or for any other reason, Agent determines that (x) the Fixed Charge Coverage Ratio and/or Leverage Ratio as previously calculated pursuant to such Early Election Documentation were inaccurate, and (y) a proper
calculation of the Fixed Charge Coverage Ratio and/or Leverage Ratio for any such period would have resulted in the Covenant Conversion Date not occurring, then automatically and immediately without the necessity of any demand or notice by Agent or
any other affirmative act of any party, the interest accrued on the applicable outstanding Loans for such period under the provisions of the Agreement shall be deemed to be retroactively increased by, and Borrower shall be obligated to immediately
pay to Agent for the ratable benefit of Lenders an amount equal to the excess of the amount of interest that should have been paid for such period over the amount of interest actually paid for such period. 

  
 2 

 “Applicable Percentage” means, as applied to Excess Cash Flow for any
fiscal year, (a) fifty percent (50%) if the Leverage Ratio as of the end of such fiscal year is greater than 3.5 to 1.0, (b) twenty-five percent (25%) if the Leverage Ratio as of the end of such fiscal year is equal to or less than 3.5 to 1.0
but greater than 2.5 to 1.0 and (c) zero percent (0%) if the Leverage Ratio as of the end of such fiscal year is equal to or less than 2.5 to 1.0. 

“Applicable Unused Line Fee Rate” means, as of any date of determination (a) prior to April 1, 2017, 0.50% per
annum and (b) on and after April 1, 2017, the per annum rate set forth in the table below that corresponds to the daily amount of Availability: 
  

					
	 Availability Amount
	  	Applicable Unused Line Fee Rate	 
	 Greater than or equal to 50% of the Maximum Revolver Amount
	  	 	0.50	% 
	 Less than 50% of the Maximum Revolver Amount
	  	 	0.25	% 

 “Application Event” means the occurrence of (a) a failure by Borrower to repay all of
the Obligations in full on the Maturity Date, or (b) an Event of Default and the election by Agent or the Required Lenders to require that Distributions be applied pursuant to Section 2.12(a)(ii) of the Agreement or
otherwise accelerate all or any material portion of the Obligations. 
 “Assignee” has the meaning specified therefor in
Section 13.1(a) of the Agreement. 
 “Assignment and Acceptance” means an Assignment and
Acceptance Agreement substantially in the form of Exhibit A-1 to the Agreement. 

“Authorized Person” means any one of the individuals identified on Schedule
A-1 to the Agreement, as such schedule is updated from time to time by written notice from Borrower to Agent accompanied by a certificate as to the incumbency of such individual as an officer of Borrower
executed by the corporate secretary or other similar officer of Borrower. 
 “Availability” means, as of any date of
determination, the amount that Borrower is entitled to borrow as Revolving Loans under Section 2.1 of the Agreement (after giving effect to the then outstanding Revolver Usage). 

“Bank Product” means any one or more of the following financial products or accommodations extended to Parent or its
Subsidiaries by a Bank Product Provider: (a) credit cards (including commercial cards (including so-called “purchase cards”, “procurement cards” or
“p-cards”)), (b) credit card processing services, (c) debit cards, (d) stored value cards, (e) Cash Management Services, or (f) transactions under Hedge Agreements. 

  
 3 

 “Bank Product Agreements” means those agreements entered into from time to
time by Parent or its Subsidiaries with a Bank Product Provider in connection with the obtaining or providing of any of the Bank Products. 

“Bank Product Collateralization” means providing cash collateral (pursuant to documentation reasonably satisfactory to Agent)
to be held by Agent for the benefit of the Bank Product Providers (other than the Hedge Providers with respect to Hedge Obligations that are allowed by the applicable Hedge Provider to remain outstanding without being required to be repaid or cash
collateralized) in an amount determined by Agent as sufficient to satisfy the reasonably estimated credit exposure with respect to the then existing Bank Product Obligations (other than Hedge Obligations as provided above). 

“Bank Product Obligations” means (a) all obligations, liabilities, reimbursement obligations, fees, or expenses owing by
Parent or its Subsidiaries to any Bank Product Provider pursuant to or evidenced by a Bank Product Agreement and irrespective of whether for the payment of money, whether direct or indirect, absolute or contingent, due or to become due, now existing
or hereafter arising, (b) all Hedge Obligations, and (c) all amounts that Agent or any Lender is obligated to pay to a Bank Product Provider as a result of Agent or such Lender purchasing participations from, or executing guarantees or
indemnities or reimbursement obligations to, a Bank Product Provider with respect to the Bank Products provided by such Bank Product Provider to Parent or its Subsidiaries. 

“Bank Product Provider” means PNC or any of its Affiliates, including each of the foregoing in its capacity, if applicable,
as a Hedge Provider. 
 “Bank Product Reserves” means, as of any date of determination, those reserves that Agent deems
necessary or appropriate to establish (based upon the Bank Product Providers’ determination of the liabilities and obligations of Parent and its Subsidiaries in respect of Bank Product Obligations) in respect of Bank Products then provided or
outstanding. Notwithstanding the foregoing, the aggregate amount of all Bank Product Reserves outstanding at any one time when taken together with the aggregate amount of all Protective Advances then outstanding, shall not exceed Maximum Applicable
Reserve. 
 “Bankruptcy Code” means title 11 of the United States Code, as in effect from time to time. 

“Base Rate” means the base commercial lending rate of PNC as publicly announced to be in effect from time to time, such rate
to be adjusted automatically, without notice, on the effective date of any change in such rate. This rate of interest is determined from time to time by PNC as a means of pricing some loans to its customers and is neither tied to any external rate
of interest or index nor does it necessarily reflect the lowest rate of interest actually charged by PNC to any particular class or category of customers of PNC. 

“Base Rate Loan” means each portion of the Revolving Loans or the Term Loan that bears interest at a rate determined by
reference to the Alternate Base Rate. 
 “Beneficial Owner” shall mean, for the Borrower, each of the following:
(a) each individual, if any, who, directly or indirectly, owns 25% or more of such Borrower’s Equity Interests; and (b) a single individual with significant responsibility to control, manage, or direct such Borrower. 

  
 4 

 “Benefit Plan” means a “defined benefit plan” (as defined in
Section 3(35) of ERISA) for which Parent or any of its Subsidiaries or ERISA Affiliates has been an “employer” (as defined in Section 3(5) of ERISA) within the past six years. 

“Board of Directors” means, as to any Person, the board of directors (or comparable managers) of such Person, or any
committee thereof duly authorized to act on behalf of the board of directors (or comparable managers). 
 “Board of
Governors” means the Board of Governors of the Federal Reserve System of the United States (or any successor). 

“Borrower” has the meaning specified therefor in the preamble to the Agreement. 

“Borrower Materials” has the meaning specified therefor in Section 17.9(c) of the Agreement. 

“Borrowing” means a borrowing consisting of Revolving Loans made on the same day by the Lenders (or Agent on behalf thereof),
or by Swing Loan Lender in the case of a Swing Loan, or by Agent in the case of a Protective Advance. 
 “Business Day”
means any day other than Saturday or Sunday or a legal holiday on which commercial banks are authorized or required by law to be closed for business in East Brunswick, New Jersey and, if the applicable Business Day relates to any LIBOR Rate Loans,
such day must also be a day on which dealings are carried on in the London interbank market. 
 “Capital Expenditures”
means, with respect to any Person for any period, the amount of all expenditures by such Person and its Subsidiaries during such period that are capital expenditures as determined in accordance with GAAP, whether such expenditures are paid in cash
or financed, but excluding, without duplication (a) expenditures made during such period in connection with the replacement, substitution, or restoration of assets or properties pursuant to 4 Section 2.12(d)(ii) of the
Agreement, (b) with respect to the purchase price of assets that are purchased substantially contemporaneously with the trade-in of existing assets during such period, the amount that the gross amount of
such purchase price is reduced by the credit granted by the seller of such assets for the assets being traded in at such time, (c) expenditures made during such period to consummate one or more Permitted Acquisitions, (d) expenditures made
during such period to the extent made with the identifiable proceeds of an equity investment in Parent or any of its Subsidiaries by Sponsor which equity investment is made substantially contemporaneously with the making of the expenditure,
(e) capitalized software development costs to the extent such costs are deducted from net earnings under the definition of EBITDA for such period, (f) expenditures during such period to the extent made out of the identifiable proceeds of
insurance, condemnation awards, casualty awards, or property or asset sales or dispositions, (g) expenditures during such period that, pursuant to a written agreement, are reimbursable by a third Person (excluding Parent or any of its
Affiliates) (provided that if such reimbursement has not been received before the end of the fiscal year when the relevant Capital Expenditure was made, such amount shall be included in Capital Expenditure calculation for the immediately succeeding
fiscal year to the extent such reimbursement is not received in such immediately succeeding fiscal year), and (h) credits given to Parent or a Subsidiary with respect to used Equipment traded in contemporaneously with the purchase of new
Equipment and such credits (or proceeds thereof) are applied to the purchase of such new Equipment. 

  
 5 

 “Capitalized Lease Obligation” means that portion of the obligations under
a Capital Lease that is required to be capitalized in accordance with GAAP. 
 “Capital Lease” means a lease that is
required to be capitalized for financial reporting purposes in accordance with GAAP. 
 “Cares Act” means the Coronavirus
Aid, Relief, and Economic Security Act, Pub. L. 116-136 and any amendment thereof, or administrative or other guidance or legislation published with respect thereto by any Governmental Authority. 

“Cash Equivalents” means (a) marketable direct obligations issued by, or unconditionally guaranteed by, the United
States or issued by any agency thereof and backed by the full faith and credit of the United States, in each case maturing within 1 year from the date of acquisition thereof, (b) marketable direct obligations issued or fully guaranteed by any
state of the United States or any political subdivision of any such state or any public instrumentality thereof maturing within 1 year from the date of acquisition thereof and, at the time of acquisition, having one of the two highest ratings
obtainable from either Standard & Poor’s Rating Group (“S&P”) or Moody’s Investors Service, Inc. (“Moody’s”), (c) commercial paper maturing no more than 270 days from the date of
creation thereof and, at the time of acquisition, having a rating of at least A-1 from S&P or at least P-1 from Moody’s, (d) certificates of deposit, time
deposits, overnight bank deposits or bankers’ acceptances maturing within 1 year from the date of acquisition thereof issued by any bank organized under the laws of the United States or any state thereof or the District of Columbia or any
United States branch of a foreign bank having at the date of acquisition thereof combined capital and surplus of not less than $1,000,000,000, (e) Deposit Accounts maintained with (i) any bank that satisfies the criteria described in
clause (d) above, or (ii) any other bank organized under the laws of the United States or any state thereof so long as the full amount maintained with any such other bank is insured by the Federal Deposit Insurance Corporation,
(f) repurchase obligations of any commercial bank satisfying the requirements of clause (d) of this definition or recognized securities dealer having combined capital and surplus of not less than $1,000,000,000, having a term of not more
than seven days, with respect to securities satisfying the criteria in clauses (a) or (d) above, (g) debt securities with maturities of six months or less from the date of acquisition backed by standby letters of credit issued by any
commercial bank satisfying the criteria described in clause (d) above, and (h) Investments in money market funds substantially all of whose assets are invested in the types of assets described in clauses (a) through (g) above. 

“Cash Management Services” means any cash management or related services including treasury, depository, return items,
overdraft, controlled disbursement, merchant store value cards, e-payables services, electronic funds transfer, interstate depository network, automatic clearing house transfer (including the Automated
Clearing House processing of electronic funds transfers through the direct Federal Reserve Fedline system) and other cash management arrangements. 

  
 6 

 “Certificate of Beneficial Ownership” shall mean, for the Borrower, a
certificate in form and substance acceptable to Agent (as amended or modified by Agent from time to time in its sole discretion), certifying, among other things, the Beneficial Owner of such Borrower. 

“CFC” means a controlled foreign corporation (as that term is defined in the IRC). 

“Change of Control” means that: 

(a) Permitted Holders fail to own and control, directly or indirectly, 51%, or more, of the Equity Interests of Parent entitled (without regard
to the occurrence of any contingency) to vote for the election of members of the Board of Directors of Parent, 
 (b) any “person”
or “group” (within the meaning of Sections 13(d) and 14(d) of the Exchange Act), other than Permitted Holders, becomes the beneficial owner (as defined in Rule 13d-3 under the Exchange Act), directly
or indirectly, of 35%, or more, of the Equity Interests of Parent entitled (without regard to the occurrence of any contingency) to vote for the election of members of the Board of Directors of Parent, 

(c) a majority of the members of the Board of Directors of Parent do not constitute Continuing Directors, or 

(d) Parent fails to own and control, directly or indirectly, 100% of the Equity Interests of each other Loan Party other than as a result of a
Permitted Disposition or otherwise expressly permitted under the Agreement. 
 “Change in Law” means the occurrence after
the date of the Agreement of: (a) the adoption or effectiveness of any law, rule, regulation, judicial ruling, judgment or treaty, (b) any change in any law, rule, regulation, judicial ruling, judgment or treaty or in the administration,
interpretation, implementation or application by any Governmental Authority of any law, rule, regulation, guideline or treaty, or (c) the making or issuance by any Governmental Authority of any request, rule, guideline or directive, whether or
not having the force of law; provided that notwithstanding anything in the Agreement 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 concerning capital adequacy 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 shall, in each case, be deemed to be a “Change in Law,” regardless of the date enacted, adopted or issued. 

“Closing Date” means the date of the making of the Term Loan under the Agreement. 

“Closing Date Disbursement Letter” means the letter executed by the Borrower and delivered to Agent on the Closing Date
directing Agent to disburse the proceeds of the Closing Date Term Loan as detailed therein. 
 “Closing Date Term Loan” has
the meaning specified in Section 2.3 hereof. 

  
 7 

 “Code” means the New York Uniform Commercial Code, as in effect from time
to time. 
 “Collateral” means all assets and interests in assets and proceeds thereof now owned or hereafter acquired by
Parent or its Subsidiaries in or upon which a Lien is granted by such Person in favor of Agent or the Lenders under any of the Loan Documents. 

“Commitment” means, with respect to each Lender, its Revolver Commitment or its Term Loan Commitment, as the context
requires, and, with respect to all Lenders, their Revolver Commitments or their Term Loan Commitments, as the context requires, in each case as such Dollar amounts are set forth beside such Lender’s name under the applicable heading on
Schedule C to the Agreement or in the Assignment and Acceptance pursuant to which such Lender became a Lender under the Agreement, as such amounts may be reduced or increased from time to time pursuant to assignments made in accordance with
the provisions of Section 13.1 of the Agreement. 
 “Competitor” means any Person which is a
direct competitor of Borrower or its Subsidiaries identified on Schedule C-2 and any private equity fund that is an equity owner of a Competitor identified by * on Schedule C-2. 
 “Compliance Certificate” means a certificate substantially in the form of
Exhibit C-1 to the Agreement delivered by the chief financial officer of Borrower to Agent. 

“Confidential Information” has the meaning specified therefor in Section 17.9(a) of the Agreement.

 “Continuing Director” means (a) any member of the Board of Directors who was a director (or comparable manager) of
Parent on the Closing Date, and (b) any individual who becomes a member of the Board of Directors after the Closing Date if such individual was approved, appointed or nominated for election to the Board of Directors by either the Permitted
Holders or a majority of the Continuing Directors, but excluding any such individual originally proposed for election in opposition to the Board of Directors in office at the Closing Date in an actual or threatened election contest relating to the
election of the directors (or comparable managers) of Parent and whose initial assumption of office resulted from such contest or the settlement thereof. 

“Contract Rate” has the meaning specified therefor in Section 2.14(a) of the Agreement. 

“Control Agreement” means a control agreement, in form and substance reasonably satisfactory to Agent, executed and delivered
by Parent or one of its Subsidiaries, Agent, and the applicable securities intermediary (with respect to a Securities Account) or bank (with respect to a Deposit Account). 

“Copyright Security Agreement” has the meaning specified therefor in the Guaranty and Security Agreement. 

  
 8 

 “Covenant Conversion Date” means the earliest of (a) the date on which
the Borrower delivers to Agent a certificate in the form of Exhibit C-2 to the Agreement together with the Loan Parties’ monthly financial statements as required under
Section 5.1 of the Agreement which certificate shows that, as of the last day of the most recently ended twelve-month period, the Loan Parties have a Fixed Charge Coverage Ratio not less than the amount set forth in
Section 7(c) of the Agreement for the fiscal quarter in which such twelve-month period ended and a Leverage Ratio of not more than the amount forth in Section 7(d) of the Agreement for the fiscal
quarter in which such twelve-month period ended, (b) a Compliance Certificate reflecting compliance with the covenants set forth in Sections 7(c) and 7(d) of the Agreement for the fiscal quarter with respect to which such
Compliance Certificate is delivered and which includes an election by the Borrower to commence compliance with the financial covenants in Sections 7(c) and 7(d) of the Agreement (the documentation described in clauses (a) and (b),
the “Early Election Documentation”) and (c) the date on which the Borrower delivered to Agent the Compliance Certificate for the fiscal quarter ending March 31, 2022. 

“Curative Equity” means the net amount of common equity contributions made by Sponsor or other shareholders of Parent to
Parent in immediately available funds which Parent contributes as additional common equity contributions to Borrower in immediately available funds and which is designated “Curative Equity” by Borrower under
Section 9.3 of the Agreement at the time it is contributed. For the avoidance of doubt, the forgiveness of antecedent debt (whether Indebtedness, trade payables, or otherwise) shall not constitute Curative Equity. 

“Current Assets” means, as at any date of determination, the total assets of Parent and its Subsidiaries (other than cash and
Cash Equivalents) which may properly be classified as current assets on a consolidated balance sheet of Parent and its Subsidiaries in accordance with GAAP. 

“Current Liabilities” means, as at any date of determination, the total liabilities of Parent and its Subsidiaries which may
properly be classified as current liabilities (other than the current portion of the Term Loan, the Swing Loans and the Revolving Loans) on a consolidated balance sheet of Parent and its Subsidiaries in accordance with GAAP. 

“Daily LIBOR Rate” means, for any day, the rate per annum determined by Agent by dividing (x) the Published Rate by
(y) a number equal to 1.00 minus the Reserve Percentage; provided, however, that if the Daily LIBOR Rate determined as provided above would be less than zero, such rate shall be deemed to be zero for purposes of the
Agreement. 
 “Debt Reorganization Securities” means Reorganization Securities that consist of debt obligations or
Disqualified Equity Interests of the reorganized debtor. 
 “Default” means an event, condition, or default that, with the
giving of notice, the passage of time, or both, would be an Event of Default. 
 “Default Rate” has the meaning specified
therefor in Section 2.14(a) of the Agreement. 

  
 9 

 “Defaulting Lender” means any Lender that: (a) has failed, within two
(2) Business Days of the date required to be funded or paid, to (i) fund any portion of its Pro Rata Share of Loans, (ii) if applicable, fund any portion of its Participation Commitment in Letters of Credit or Swing Loans or
(iii) pay over to Agent, Issuing Bank, Swing Loan Lender or any Lender any other amount required to be paid by it hereunder, unless, in the case of clause (i) above, such Lender notifies Agent in writing that such failure is the result of
such Lender’s good faith determination that a condition precedent to funding (specifically identified and including a particular Default or Event of Default, if any) has not been satisfied; (b) has notified Borrower or Agent in writing, or
has made a public statement to the effect, that it does not intend or expect to comply with any of its funding obligations under this Agreement (unless such writing or public statement indicates that such position is based on such Lender’s good
faith determination that a condition precedent (specifically identified and including a particular Default or Event of Default, if any) to funding a loan under this Agreement cannot be satisfied) or generally under other agreements in which it
commits to extend credit; (c) has failed, within two (2) Business Days after request by Agent, acting in good faith, to provide a certification in writing from an authorized officer of such Lender that it will comply with its obligations
(and is financially able to meet such obligations) to fund prospective Loans and, if applicable, participations in then outstanding Letters of Credit and Swing Loans under this Agreement; provided, that, such Lender shall cease to be a
Defaulting Lender pursuant to this clause (c) upon Agent’s receipt of such certification in form and substance satisfactory to the Agent; (d) has become the subject of an Insolvency Event; or (e) has failed at any time to comply
with the provisions of Section 2.6(e) of the Agreement with respect to purchasing participations from the other Lenders, whereby such Lender’s share of any payment received, whether by setoff or otherwise, is in excess
of its pro rata share of such payments due and payable to all of the Lenders. 
 “Deposit Account” means any deposit
account (as that term is defined in the Code). 
 “Disqualified Equity Interests” means any Equity Interest that, by its
terms (or by the terms of any security or other Equity Interests into which it is convertible or for which it is exchangeable), or upon the happening of any event or condition (a) matures or is mandatorily redeemable (other than solely for
Qualified Equity Interests), pursuant to a sinking fund obligation or otherwise (except as a result of a change of control or asset sale so long as any rights of the holders thereof upon the occurrence of a change of control or asset sale event
shall be subject to the prior repayment in full of the Loans and all other Obligations that are accrued and payable and the termination of the Commitments), (b) is redeemable at the option of the holder thereof (other than solely for Qualified
Equity Interests), in whole or in part, (c) provides for the scheduled payments of dividends in cash, or (d) is or becomes convertible into or exchangeable for Indebtedness or any other Equity Interests that would constitute Disqualified
Equity Interests, in each case, prior to the date that is 180 days after the Maturity Date. 
 “Distributions” means
(a) all payments made by any Loan Party on account of the Obligations, (b) all proceeds of insurance policies and awards or other payments with respect to any condemnation or similar proceeding, and (c) all proceeds of Collateral
(including proceeds of Collateral received in connection with an exercise of remedies, but excluding Permitted Reorganization Securities). 

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

“Dollars” or “$” means United States dollars. 

  
 10 

 “Drawing Date” has the meaning specified therefor in
Section 2.11(d)(ii) of the Agreement. 
 “Early Election Documentation” has the meaning specified
therefor in the definition of Covenant Conversion Date. 
 “Earn-Outs” means unsecured liabilities of a Loan Party arising
under an agreement to make any deferred payment as a part of the Purchase Price paid for a Permitted Acquisition, including the (i) the SpeechIQ Incentive Payment, (ii) the Teckst Incentive Payment, (iii) the Engage Earn-Out and (iv) the performance bonuses or consulting payments in any related services, employment, or similar agreement, in an amount that is subject to or contingent upon the revenues, income, cash flow, or
profits (or the like) of the underlying target. 
 “EBITDA” means, for any specified period, with respect to Parent and its
Subsidiaries on a consolidated basis and determined in accordance with GAAP: 
 (a) net income (or loss) for such period, 

minus 
 (b) without
duplication and to the extent included in determining net income (or loss) for such period, the sum of: 
 (i) any extraordinary, unusual,
or non-recurring gains, 
 (ii) interest income, 

(iii) any software development costs to the extent capitalized during such period, 

(iv) non-cash exchange, translation or performance gains relating to any hedging transactions or
foreign currency fluctuations, 
 (v) income arising by reason of the application of FASB Accounting Standards Codification 805, 

(vi) income from the receipt of business interruption insurance proceeds, and 

(vii) deferred sales commission arising by reason of the application of FASB Accounting Standards Codification 340, 

plus 
 (b) without
duplication and to the extent included in determining net earnings (or loss) for such period, the sum of: 
 (i) any extraordinary, unusual,
or non-recurring non-cash losses, 

  
 11 

 (ii) Interest Expense (including the Unused Line Fee and Letter of Credit Fees), 

(iii) tax expense based on income, profits or capital, including federal, foreign, state, local, excise, franchise and similar taxes (and for
the avoidance of doubt, specifically excluding any sales taxes or any other taxes held in trust for a Governmental Authority), 
 (iv)
depreciation and amortization for such period, 
 (v) with respect to any Permitted Acquisition: (A) purchase accounting adjustments,
including, without limitation, a dollar for dollar adjustment for that portion of revenue that would have been recorded in the relevant period had the balance of deferred revenue (unearned income) recorded on the closing balance sheet and before
application of purchase accounting not been adjusted downward to fair value to be recorded on the pro forma balance sheet delivered to Agent in connection therewith in accordance with GAAP purchase accounting rules; and (B) non-cash adjustments in accordance with GAAP purchase accounting rules under FASB Statement No. 141 and 141R and EITF Issue No. 01-2 (including deferred
revenue), in the event that such an adjustment is required by the Loan Parties’ independent auditors, in each case, as determined in accordance with GAAP, 

(vi) (A) non-cash compensation expense (including deferred
non-cash compensation expense), or other non-cash expenses or charges, arising from the sale or issuance of Equity Interests, stock options, stock appreciation rights,
or similar arrangements) minus (B) the amount of any such expenses or charges when paid in cash to the extent not deducted in the computation of net earnings (or loss) for such period, 

(vii) fees, costs and expenses incurred in connection with a Permitted Acquisition which are consistent with the sources and uses for such
Permitted Acquisition provided to Agent by the Loan Parties in connection therewith, or if not consummated, not to exceed 10% of EBITDA for such period on a pro forma basis, 

(viii) non-cash exchange, translation, or performance losses relating to any hedging transaction or
foreign currency fluctuations, 
 (ix) the amount of all fees, costs and expenses incurred in connection with the transactions contemplated
hereby and referenced herein which, in each case, occur (x) on the closing date, and consistent with the Closing Date Disbursement Letter or (y) on the Third Amendment Effective Date, and consistent with the Third Amendment Disbursement
Letter, 
 (x) up to $500,000 in the aggregate for any 12-month period of payments in the nature of
compensation or expense reimbursements made to members of the Loan Parties’ Board of Directors, in each case, to the extent permitted to be paid under the terms of the Agreement, 

(xi) up to $250,000 in the aggregate for any 12-month period of management or other fees, expenses and
reimbursements paid to Sponsor as permitted under Section 6.106.10(e) of the Agreement, 

  
 12 

 (xii) up to $300,000 in the aggregate for fees, costs and expenses incurred during the
period from July 1, 2016 through December 31, 2016 in connection with consulting arrangements entered into with Bulger Partners, 

(xiii) up to $100,000 in the aggregate for retention, recruiting, relocation and signing bonuses and expenses and severance costs, 

(xiv) one-time cost savings associated with synergies or reductions and/or restructurings in force
made within twelve (12) months after the closing date for a Permitted Acquisition calculated on a pro-forma, adjusted basis, to the extent such cost savings are factually supportable, calculated in good
faith based upon reasonable assumptions and reasonably expected to be realized within 12 months following the applicable Permitted Acquisition; provided that, if the amount of such costs savings during such period exceed the greater of
$700,000 or seven and one-half percent (7.5%) of EBITDA for such period on a pro forma basis, then such cost savings shall be supported by a “quality of earnings” or a similar third party report, in
each case, reasonably acceptable to Agent, 
 (xv) any amounts paid pursuant to the purchase price or net working capital adjustments,
Earn-Outs or other deferred purchase payments paid pursuant to a Permitted Acquisition, 
 (xvi)
non-cash charges, 
 (xvii) non-cash losses on Permitted
Dispositions of fixed assets or write-downs of fixed or intangible assets, 
 (xviii) expenses and payments that are covered by
indemnification, reimbursement, guaranty or purchase price adjustment provisions in any agreement entered into by Parent or any of its Subsidiaries to the extent such expenses and payments have been reimbursed pursuant to the applicable indemnity,
guaranty or acquisition agreement during such period, 
 (xix) the aggregate amount of expenses or losses incurred by Parent or one of its
Subsidiaries relating to business interruption to the extent covered by insurance provided by an unaffiliated insurance company and actually reimbursed or otherwise paid to Parent or such Subsidiary during such period, and 

(xx) any amounts actually paid (and permitted to be paid under the Agreement) with respect to the repurchase of any Equity Interests of Parent
from former employees, officers, or directors (or any spouses, ex-spouses, or estates of any of the foregoing) of Parent which are expensed as compensation for such parties in Parent’s consolidated
financial statements. 
 For the purposes of calculating EBITDA for any period of 12 consecutive months (each, a “Reference
Period”) for any purpose other than determining Excess Cash Flow, (a) if at any time during such Reference Period (and after the Closing Date), Parent or any of its Subsidiaries shall have made a Permitted Acquisition, EBITDA for such
Reference Period shall be calculated after giving pro forma effect thereto, including pro forma adjustments arising out of events which are directly attributable to such Permitted Acquisition, are factually supportable, and are expected to have a
continuing impact, in each case to be mutually and reasonably agreed upon by the Loan Parties and Agent as if any such Permitted Acquisition or adjustment occurred on the first day of such Reference Period. 

  
 13 

 “Eligible Transferee” means (a) any Lender (other than a Defaulting
Lender), any Affiliate of any Lender and any Related Fund of any Lender; and (b) (i) a commercial bank organized under the laws of the United States or any state thereof, and having total assets in excess of $1,000,000,000; (ii) a savings and
loan association or savings bank organized under the laws of the United States or any state thereof, and having total assets in excess of $1,000,000,000; (iii) a commercial bank organized under the laws of any other country or a political
subdivision thereof; provided that (A) (x) such bank is acting through a branch or agency located in the United States or (y) such bank is organized under the laws of a country that is a member of the Organization for Economic
Cooperation and Development or a political subdivision of such country, and (B) such bank has total assets in excess of $1,000,000,000; (d) any other entity (other than a natural person) that is an “accredited investor” (as defined in
Regulation D under the Securities Act) that extends credit or buys loans as one of its businesses including insurance companies, investment or mutual funds and lease financing companies, and having total assets in excess of $1,000,000,000; and
(f) during the continuation of an Event of Default, any other Person approved by Agent; provided, that, except pursuant to Section 13.1(a)(ii)(B), no Sponsor Affiliated Entity shall qualify as an Eligible
Transferee. 
 “Engage Acquisition” shall mean the transactions contemplated by the Engage Acquisition Agreement. 

“Engage Acquisition Agreement” means that certain Unit Purchase Agreement, dated as of the Sixth Amendment Date, by and among
Borrower, the Engage Sellers and Kyle F. Hanson, solely in the capacity of the Seller Rep (as defined therein). 
 “Engage
Acquisition Documentation” shall mean, collectively, the Engage Acquisition Agreement and all schedules, exhibits and annexes thereto, all amendments, waivers and modifications thereto, and all material agreements, instruments, and
documents relating to the Engage Acquisition executed by any Loan Party (or any of their Affiliates or Subsidiaries) and affecting the terms thereof or entered into by any Loan Party (or any of their Affiliates or Subsidiaries) in connection
therewith. 
 “Engage Acquisition Agreement Representations” shall mean the representations and warranties made by the
Engage Sellers (or any of their Affiliates or Subsidiaries) in the Engage Acquisition Agreement to the extent that Borrower (or any of its Affiliates or Subsidiaries) has the right not to consummate the Engage Acquisition or the right to terminate
(or cause the termination of) such Person’s obligations under the Engage Acquisition Agreement (giving effect to materiality qualifiers contained in the Engage Acquisition Agreement) as a result of a breach of such representations in the Engage
Acquisition Agreement. 
 “Engage Earn-Out” shall mean that certain Earn-Out, made by the Borrower in favor of the Engage Sellers in accordance with Section 2.5 of the Engage Acquisition Agreement. 

  
 14 

 “Engage Earn-Out Equity Offset”
means, with respect to any payment of the Engage Earn-Out, the extent to which (x) such payment is funded with cash proceeds of equity contributions (other than Curative Equity) or any issuance of equity
interests that are not prohibited under this Agreement or cash proceeds of Permitted Indebtedness or (y) within three (3) months following the date of such payment, Borrower receives cash proceeds of equity contributions (other than
Curative Equity) or any issuance of equity interests that are not prohibited under this Agreement. 
 “Engage PPP Lender”
means the “PPP Lender,” as defined in the Engage Acquisition Agreement. 
 “Engage PPP Loan” means the “PPP
Loan,” as defined in the Engage Acquisition Agreement. 
 “Engage PPP Loan Documents” shall mean, collectively, the
“PPP Loan Note,” as defined in the Engage Acquisition Agreement, and all of the other agreements, documents and instruments executed and delivered in connection with or related to the Engage PPP Loan. 

“Engage PPP Loan Escrow Agreement” means the PPP Loan Escrow Agreement (as defined in the Engage Acquisition Agreement). 

“Engage Sellers” shall mean the Sellers (as defined in the Engage Acquisition Agreement). 

“Environmental Action” means any written complaint, summons, citation, notice, directive, order, claim, litigation,
investigation, judicial or administrative proceeding, judgment, letter, or other written communication from any Governmental Authority, or any third party involving violations of Environmental Laws or releases of Hazardous Materials (a) from
any assets, properties, or businesses of Borrower, any Subsidiary of Borrower, or any of their predecessors in interest, (b) from adjoining properties or businesses, or (c) from or onto any facilities which received Hazardous Materials
generated by Borrower, any Subsidiary of Borrower, or any of their predecessors in interest. 
 “Environmental Law” means
any applicable federal, state, provincial, foreign or local statute, law, rule, regulation, ordinance, code, binding and enforceable guideline, binding and enforceable written policy, or rule of common law now or hereafter in effect and in each case
as amended, or any judicial or administrative interpretation thereof, including any judicial or administrative order, consent decree or judgment, in each case, to the extent binding on Parent or its Subsidiaries, relating to the environment, the
effect of the environment on employee health, or Hazardous Materials, in each case as amended from time to time. 
 “Environmental
Liabilities” means all liabilities, monetary obligations, losses, damages, costs and expenses (including all reasonable fees, disbursements and expenses of counsel, experts, or consultants, and costs of investigation and feasibility
studies), fines, penalties, sanctions, and interest incurred as a result of any claim or demand, or Remedial Action required, by any Governmental Authority or any third party, and which relate to any Environmental Action. 

  
 15 

 “Environmental Lien” means any Lien in favor of any Governmental Authority
for Environmental Liabilities. 
 “Equipment” means equipment (as that term is defined in the Code). 

“Equity Interest” means, with respect to a Person, all of the shares, options, warrants, interests, participations, or other
equivalents (regardless of how designated) of or in such Person, whether voting or nonvoting, including capital stock (or other ownership or profit interests or units), preferred stock, or any other “equity security” (as such term is
defined in Rule 3a11-1 of the General Rules and Regulations promulgated by the SEC under the Exchange Act). 

“Equity Reorganization Securities” means Reorganization Securities which are not Debt Reorganization Securities. 

“ERISA” means the Employee Retirement Income Security Act of 1974, as amended, and any successor statute thereto. 

“ERISA Affiliate” means (a) any Person subject to ERISA whose employees are treated as employed by the same employer as
the employees of Parent or its Subsidiaries under IRC Section 414(b), (b) any trade or business subject to ERISA whose employees are treated as employed by the same employer as the employees of Parent or its Subsidiaries under IRC
Section 414(c), (c) solely for purposes of Section 302 of ERISA and Section 412 of the IRC, any organization subject to ERISA that is a member of an affiliated service group of which Parent or any of its Subsidiaries is a member under
IRC Section 414(m), or (d) solely for purposes of Section 302 of ERISA and Section 412 of the IRC, any Person subject to ERISA that is a party to an arrangement with Parent or any of its Subsidiaries and whose employees are
aggregated with the employees of Parent or its Subsidiaries under IRC Section 414(o). 
 “Event of Default” has the
meaning specified therefor in Section 8 of the Agreement. 
 “Excess Cash Flow” means, with
respect to any fiscal period and with respect to Parent and its Subsidiaries determined on a consolidated basis in accordance with GAAP the result of: 

(a) TTM EBITDA, 
 plus

 (b) the sum of 
 (i)
foreign, United States, state, or local tax refunds paid in cash, 
 (ii) cash interest income, and 

(iii) post-closing Purchase Price adjustments received in cash during such period in connection with a Permitted Acquisition, and 

  
 16 

 (iv) the amount of any decrease in Net Working Capital for such period; provided that,
notwithstanding the foregoing, in the event that any Loan Party consummates a Permitted Acquisition during such fiscal period, the decrease in Net Working Capital included in such calculation for the target of such Permitted Acquisition shall be the
decrease in Net Working Capital for such target for the period from the date of consummation of such Permitted Acquisition to the end of such fiscal period, 

minus 
 (c) the sum of

 (i) the cash portion of Interest Expense (including the Unused Line Fee and Letter of Credit Fees), 

(ii) the cash portion of taxes (based on income, profits or capital, including federal, foreign, state, local, excise, franchise and similar
taxes (and for the avoidance of doubt, specifically excluding any sales taxes or any other taxes held in trust for a Governmental Authority)) paid during such period, 

(iii) all scheduled and voluntary principal payments of Indebtedness permitted under the Agreement during such period, excluding voluntary
prepayments in respect of the Term Loan, 
 (iv) the cash portion of Capital Expenditures (net of (y) any proceeds reinvested in
accordance with the proviso to Section 2.12(d)(ii) of the Agreement, and (z) any proceeds of related financings with respect to such expenditures) made during such period, 

(v) up to $250,000 in the aggregate for any 12-month period of management or other fees, expenses and
reimbursements paid to Sponsor as permitted under Section 6.106.10(e) of the Agreement, 
 (vi) cash payments made
in respect of Permitted Acquisitions (in each case, to the extent such payments are not made with the proceeds of Indebtedness (other than Revolving Loans) or equity contributions made by Sponsor), 

(vii) fees, costs, and expenses paid in cash during such period and incurred in connection with a Permitted Acquisition which were added back
to net income (or loss) under clause (c)(vii) of the definition of EBITDA for such period, 
 (viii) payments in cash in the nature of
compensation or expense reimbursements made to board members, in each case, to the extent added back to net income (or loss) under clause (c)(viii) of the definition of EBITDA for such period, 

(ix) any cash amounts actually paid with respect to the repurchase of any Equity Interests of Parent from former employees, officers, or
directors (or any spouses, ex-spouses, or estates of any of the foregoing) of Parent which are expensed as compensation for such parties in Parent’s consolidated financial statements, not to exceed the
amount permitted in Section 6.7(a) of the Agreement 

  
 17 

 (x) the cash portion of one-time cost savings
associated with synergies or reductions and/or restructurings in force made within twelve (12) months after the closing date for a Permitted Acquisition, in each case to the extent added back to net income (or loss) under clause (c)(xiv) of the
definition of EBITDA for such period, 
 (xi) the amount of any increase in Net Working Capital for such period; provided that,
notwithstanding the foregoing, in the event that any Loan Party consummates a Permitted Acquisition during such fiscal period, the increase in Net Working Capital included in such calculation for the target of such Permitted Acquisition shall be the
increase in Net Working Capital for such target for the period from the date of consummation of such Permitted Acquisition to the end of such fiscal period, and 

(xii) any non-cash purchase accounting adjustments with respect to a Permitted Acquisition added to
net income (or loss) pursuant to clause (c)(v) of the definition of EBITDA. 
 “Exchange Act” means the Securities Exchange
Act of 1934, as in effect from time to time. 
 “Excluded Deposit and Securities Accounts” has the meaning specified
therefor in the Guaranty and Security Agreement. 
 “Excluded Domestic Subsidiary” means any Domestic Subsidiary of a
Grantor all the assets of which consist of the equity of a Foreign Subsidiary that is a CFC and de minimis assets incidental thereto, and all of the business activities consist of owning such stock and stock equivalents and activities incidental
thereto, whose guaranty of the Obligations (or grant of security with respect thereto or pledge of stock of such Domestic Subsidiary) under this Credit Agreement could reasonably be expected to result in a material adverse tax effect to any Loan
Party under Section 956 of the IRC. 
 “Excluded Taxes” means (i) any tax imposed on the net income or net
profits of any Lender or any Participant (including any branch profits taxes), in each case imposed by the jurisdiction (or by any political subdivision or taxing authority thereof) in which such Lender or such Participant is organized or the
jurisdiction (or by any political subdivision or taxing authority thereof) in which such Lender’s or such Participant’s principal office is located in each case as a result of a present or former connection between such Lender or such
Participant and the jurisdiction or taxing authority imposing the tax (other than any such connection arising solely from such Lender or such Participant having executed, delivered or performed its obligations or received payment under, or enforced
its rights or remedies under the Agreement or any other Loan Document); (ii) taxes resulting from a Lender’s or a Participant’s failure to comply with (or cure, if applicable) the requirements of Section 16.2
of the Agreement, (iii) any United States federal withholding taxes that would be imposed on amounts payable to a Foreign Lender based upon the applicable withholding rate in effect at the time such Foreign Lender becomes a party to the
Agreement (or designates a new lending office), except that Taxes shall include (A) any amount that such Foreign Lender (or its assignor, if any) was previously entitled to receive pursuant to Section 16.1 of the
Agreement, if any, with respect to such withholding tax at the time such Foreign Lender becomes a party to the Agreement (or designates a new lending office), and (B) additional United States federal withholding taxes that may be imposed after
the time such Foreign Lender becomes a party to the Agreement (or designates a new lending office), as a result of a change in law, rule, regulation, order or other decision with respect to any of the foregoing by any Governmental Authority, and
(iv) any United States federal withholding taxes imposed under FATCA. 

  
 18 

 “Extraordinary Receipts” means any cash payments received by Parent or any
of its Subsidiaries not in the ordinary course of business (and not consisting of proceeds described in Section 2.12(d)(ii) of the Agreement), consisting of (i) proceeds of judgments, proceeds of settlements, or other
consideration of any kind received in connection with any cause of action or claim, net of reasonable expenses, fees and taxes owed in connection therewith, and any payments required to be made therefrom to
non-Affiliates, (ii) indemnity payments (other than to the extent such indemnity payments are immediately payable to a Person that is not an Affiliate of Parent or any of its Subsidiaries or received by
Parent or any of its Subsidiaries as reimbursement for any payment previously made by such Person), (iii) any purchase price adjustment received in connection with any purchase agreement and (iv) amounts received in respect of foreign,
United States, state or local tax refunds received with respect to Taxes paid during the fiscal year immediately prior to the fiscal year in which such refund is obtained to the extent not included in the calculation of EBITDA. 

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

“Fee Letter” means that certain fee letter, dated as of even date with the Agreement, between Borrower and Agent, in form and
substance reasonably satisfactory to Agent, as the same may be amended, amended and restated, modified or supplemented from time to time. 

“Federal Funds Effective Rate” means for any day the rate per annum (based on a year of 360 days and actual days elapsed and
rounded upward to the nearest 1/100 of 1%) announced by the Federal Reserve Bank of New York (or any successor) on such day as being the weighted average of the rates on overnight federal funds transactions arranged by federal funds brokers on the
previous trading day, as computed and announced by such Federal Reserve Bank (or any successor) in substantially the same manner as such Federal Reserve Bank computes and announces the weighted average it refers to as the “Federal Funds
Effective Rate” as of the date of this Agreement; provided, if such Federal Reserve Bank (or its successor) does not announce such rate on any day, the “Federal Funds Effective Rate” for such day shall be the Federal Funds Effective
Rate for the last day on which such rate was announced. 
 “Federal Funds Open Rate” means for any day the rate per annum
(based on a year of 360 days and actual days elapsed) which is the daily federal funds open rate as quoted by ICAP North America, Inc. (or any successor) as set forth on the Bloomberg Screen BTMM for that day opposite the caption “OPEN”
(or on such other substitute Bloomberg Screen that displays such rate), or as set forth on such other recognized electronic source used for the purpose of displaying such rate as selected by Agent (an “Alternate Source”) (or if such
rate for such day does not appear on the Bloomberg Screen BTMM (or any substitute screen) or on any Alternate Source, or if there 

  
 19 

 
shall at any time, for any reason, no longer exist a Bloomberg Screen BTMM (or any substitute screen) or any Alternate Source, a comparable replacement rate determined by Agent at such time
(which determination shall be conclusive absent manifest error); provided however, that if such day is not a Business Day, the Federal Funds Open Rate for such day shall be the “open” rate on the immediately preceding Business Day. If and
when the Federal Funds Open Rate changes, the rate of interest with respect to any advance to which the Federal Funds Open Rate applies will change automatically without notice to Borrower, effective on the date of any such change. 

“Fifth Amendment” means that certain Consent and Fifth Amendment to Credit Agreement, dated as of the Fifth
Amendment Effective Date. 
 “Fifth Amendment Effective Date” means January 13, 2021. 

“First Amendment” means that certain First Amendment to Credit Agreement, dated as of the First Amendment Effective Date.

 “First Amendment Effective Date” has the meaning specified in the First Amendment. 

“First Amendment Fee Letter” means that certain fee letter, dated as of February 28, 2018, between Parent, Borrower and
Agent. 
 “First Amendment Term Loan” has the meaning specified in Section 2.3
hereof. 
 “Fixed Charge Coverage Ratio” means, with respect to Parent and its Subsidiaries on a consolidated basis, for
any specified measurement period, the ratio of: 
 (a) the result of (i) EBITDA for such period minus (ii) the sum of
(A) Unfunded Capital Expenditures for such period, and (B) taxes paid, or required to be paid, in cash for such period, including any dividends and distributions made pursuant to Section 6.7(c) of the Agreement,
to 
 (b) the sum of (i) payments of Earn-Outs (other than, to the extent of any Engage
Earn-Out Equity Offset, the Engage Earn-Out) made in cash minus the portion thereof funded with cash proceeds of equity contributions (other than Curative Equity) or any
issuance of equity interests that are not prohibited under the Agreement or cash proceeds of Permitted Indebtedness, (ii) principal payments in respect of other Funded Debt required to be paid in cash for such period, (iii) cash Interest
Expense for such period, (iv) management fees paid during such period to Sponsor or its Affiliates under the Advisory Agreement, and (v) dividends and distributions made in cash during such period (other than dividends and distributions
made pursuant to Sections 6.7(a), 6.7(b) or 6.7(c) of the Agreement). 
 “Foreign Lender” means any Lender or
Participant that is not a United States person within the meaning of IRC section 7701(a)(30). 

  
 20 

 “Foreign Subsidiary” means each Subsidiary which is organized under the
laws of a jurisdiction other than the United States of America (excluding any territory thereof) or any state thereof or the District of Columbia. 

“Fourth Amendment” means that certain Fourth Amendment to Credit Agreement, dated as of the Fourth Amendment Effective Date.

 “Fourth Amendment Effective Date” means December 18, 2019. 

“Funded Debt” means, with respect to Parent and its Subsidiaries on a consolidated basis determined on a consolidated basis
in accordance with GAAP, without duplication, all Indebtedness for borrowed money, Indebtedness evidenced by notes, bonds, debentures, or similar evidences of Indebtedness, Capitalized Lease Obligations, current maturities of long-term debt,
revolving credit and short term debt extendible beyond one year at the option of the debtor, and also including, without limitation, the Obligations and, without duplication, Indebtedness consisting of guaranties of Funded Debt of other Persons;
provided, however, that for purposes of determining the amount of Funded Debt with respect to (a) the Obligations, the amount of Funded Debt shall be equal to the sum of (i) the outstanding Term Loan as of the date of
determination, plus (ii) the quotient of (A) the Revolver Usage for each day of the most recently ended fiscal quarter, divided by (B) the number of such days in such fiscal quarter and (b) Indebtedness consisting of Earn-Outs,
such amount shall, for purposes hereof, include secured and unsecured amounts. For the avoidance of doubt, Funded Debt shall include the SpeechIQ Incentive Payment, the SpeechIQ Holdback, the Teckst Incentive Payment and Teckst Holdback.
Notwithstanding the forgoing, Funded Debt shall not include the Engage Earn-Out or the Engage PPP Loan. 

“Funding Account” shall mean the deposit account of Borrower established with PNC for purposes of receiving proceeds of
Loans. 
 “GAAP” means generally accepted accounting principles as in effect from time to time in the United States,
consistently applied. 
 “Golden Gate” means Golden Gate Private Equity, Inc., a Delaware corporation, and/or one or more
of the investment funds managed by it. 
 “Governing Documents” means, with respect to any Person, the certificate or
articles of incorporation, by-laws, or other organizational documents of such Person. 

“Governmental Authority” means the government of any nation or any political subdivision thereof, whether at the national,
state, territorial, provincial, municipal or any other level, 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). 

“Guarantor” means (a) each Subsidiary of Parent (other than a Subsidiary that is a CFC or an Excluded Domestic
Subsidiary), (b) Parent, (c) LiveVox International Guarantor, (d) SpeechIQ Guarantor and (e) each other Person that becomes a guarantor after the Closing Date pursuant to Section 5.11 of the Agreement.

  
 21 

 “Guaranty and Security Agreement” means a guaranty and security agreement,
dated as of even date with the Agreement, in form and substance reasonably satisfactory to Agent, executed and delivered by Borrower and each of the Guarantors to Agent. 

“Hazardous Materials” means (a) substances that are defined or listed in, or otherwise classified pursuant to, any
applicable laws or regulations as “hazardous substances,” “hazardous materials,” “hazardous wastes,” “toxic substances,” or any other formulation intended to define, list, or classify substances by reason of
deleterious properties such as ignitability, corrosivity, reactivity, carcinogenicity, reproductive toxicity, or “EP toxicity”, (b) oil, petroleum, or petroleum derived substances, natural gas, natural gas liquids, synthetic gas,
drilling fluids, produced waters, and other wastes associated with the exploration, development, or production of crude oil, natural gas, or geothermal resources, (c) any flammable substances or explosives or any radioactive materials, and
(d) asbestos in any form or electrical equipment that contains any oil or dielectric fluid containing levels of polychlorinated biphenyls in excess of 50 parts per million. 

“Hedge Agreement” means (a) a “swap agreement” as that term is defined in Section 101(53B)(A) of the
Bankruptcy Code and (b) any agreement entered into by Parent and/or any of its Subsidiaries with a Hedge Provider with respect to (i) foreign exchange transaction, including spot and forward foreign currency purchases and sales, listed or over-the-counter options on foreign currencies, non-deliverable forwards and options, foreign currency swap agreements, currency
exchange rate price hedging arrangements, and any other similar transaction providing for the purchase of one currency in exchange for the sale of another currency and/or (ii) interest rate exchange, collar, cap, swap, floor, adjustable strike
cap, adjustable strike corridor, cross-currency swap or similar transactions entered into in order to provide protection to, or minimize the impact upon, Parent or such Subsidiary of increasing floating rates of interest applicable to Indebtedness.

 “Hedge Obligations” means any and all obligations or liabilities, whether absolute or contingent, due or to become due,
now existing or hereafter arising, of Parent or its Subsidiaries arising under, owing pursuant to, or existing in respect of Hedge Agreements entered into with one or more of the Hedge Providers. 

“Hedge Provider” means PNC or any of its Affiliates. 

“Indebtedness” as to any Person means (a) all obligations of such Person for borrowed money, (b) all obligations of
such Person evidenced by bonds, debentures, notes, or other similar instruments and all reimbursement or other obligations in respect of letters of credit, bankers acceptances, or other financial products, (c) all obligations of such Person as
a lessee under Capital Leases, (d) all obligations or liabilities of others secured by a Lien on any asset of such Person, irrespective of whether such obligation or liability is assumed, (e) all obligations of such Person to pay the
deferred purchase price of assets (other than trade payables incurred in the ordinary course of business and repayable in accordance with customary trade practices and, for the avoidance of doubt, other than royalty payments payable in the ordinary
course of business in respect of non-exclusive licenses), (f) all monetary obligations of such Person owing under Hedge Agreements (which amount shall be calculated based on the amount that would be
payable by such Person if the Hedge Agreement were terminated on the date of determination), (g) any Disqualified Equity Interests of such Person, and (h) any obligation of such Person guaranteeing or intended to

  
 22 

 
guarantee (whether directly or indirectly guaranteed, endorsed, co-made, discounted, or sold with recourse) any obligation of any other Person that
constitutes Indebtedness under any of clauses (a) through (g) above. For purposes of this definition, (i) the amount of any Indebtedness represented by a guaranty or other similar instrument shall be the lesser of the principal amount of
the obligations guaranteed and still outstanding and the maximum amount for which the guaranteeing Person may be liable pursuant to the terms of the instrument embodying such Indebtedness, and (ii) the amount of any Indebtedness which is
limited or is non-recourse to a Person or for which recourse is limited to an identified asset shall be valued at the lesser of (A) if applicable, the limited amount of such obligations, and (B) if
applicable, the fair market value of such assets securing such obligation. 
 “Indemnified Liabilities” has the meaning
specified therefor in Section 10.3 of the Agreement. 
 “Indemnified Person” has the meaning
specified therefor in Section 10.3 of the Agreement. 
 “Indemnified Taxes” means, any Taxes
other than Excluded Taxes. 
 “Ineligible Institution” means the Persons identified on Schedule I-1. 
 “Insolvency Proceeding” means any proceeding commenced by or against any
Person under any provision of the Bankruptcy Code or under any other state or federal bankruptcy or insolvency law, assignments for the benefit of creditors, formal or informal moratoria, compositions, extensions generally with creditors, or
proceedings seeking reorganization, arrangement, or other similar relief. 
 “Intercompany Subordination Agreement” means
an intercompany subordination agreement, dated as of even date with the Agreement, executed and delivered by Parent, each of its Subsidiaries each of the other Loan Parties, and Agent, the form and substance of which is reasonably satisfactory to
Agent, as amended, amended and restated, supplemented or otherwise modified from time to time. 
 “Interest Expense” means,
for any period, the aggregate of the interest expense of Parent and its Subsidiaries for such period, determined on a consolidated basis in accordance with GAAP. 

“Interest Period” means the period provided for any LIBOR Rate Loan pursuant to Section 2.2(b)
hereof. 
 “Investment” means, with respect to any Person, any investment by such Person in any other Person (including
Affiliates) in the form of loans, guarantees, advances, capital contributions (excluding (a) commission, travel, and similar advances to officers and employees of such Person made in the ordinary course of business, and (b) bona fide
accounts receivable arising in the ordinary course of business), or acquisitions of Indebtedness, Equity Interests, or all or substantially all of the assets of such other Person (or of any division or business line of such other Person), and any
other items that are or would be classified as investments on a balance sheet prepared in accordance with GAAP. The amount of any Investment shall be the original cost of such Investment plus the cost of all additions thereto, without any adjustment
for increases or decreases in value, or write-ups, write-downs, or write-offs with respect to such Investment. 

  
 23 

 “IP Reporting Certificate” means the certificate in the form attached to
the Agreement as Exhibit I-1. 
 “IPO” means the first underwritten public
offering by Parent (or its direct or indirect parent company) of Equity Interests in Parent (or in its direct or indirect parent company, as the case may be) after the Closing Date pursuant to a registration statement filed with the SEC in
accordance with the Securities Act. 
 “IRC” means the Internal Revenue Code of 1986, as in effect from time to time. 

“Issuer Document” means, with respect to any Letter of Credit, a Letter of Credit Application, a letter of credit agreement,
or any other document, agreement or instrument entered into (or to be entered into) by Borrower in favor of Issuing Bank and relating to such Letter of Credit. 

“Issuing Bank” means PNC or any other Lender that, at the request of Borrower and with the consent of Agent, agrees, in such
Lender’s sole discretion, to become an Issuing Bank for the purpose of issuing Letters of Credit pursuant to Section 2.11 of the Agreement, and Issuing Bank shall be a Lender. 

“Lender” has the meaning set forth in the preamble to the Agreement, shall include Issuing Bank and the Swing Loan Lender,
and shall also include any other Person made a party to the Agreement pursuant to the provisions of Section 13.1 of the Agreement and “Lenders” means each of the Lenders or any one or more of them. 

“Lender Group” means each of the Lenders (including Issuing Bank and the Swing Loan Lender), Agent and Bank Product
Providers, or any one or more of them. 
 “Lender Group Expenses” means all (a) costs or expenses (including taxes and
insurance premiums) required to be paid by Parent or its Subsidiaries under any of the Loan Documents that are paid, advanced, or incurred by the Lender Group, (b) reasonable documented out-of-pocket fees or charges paid or incurred by Agent in connection with the Lender Group’s transactions with Parent or its Subsidiaries under any of the Loan Documents, including, photocopying,
notarization, couriers and messengers, telecommunication, public record searches, filing fees, recording fees, publication, real estate surveys, real estate title policies and endorsements, and environmental audits, (c) Agent’s customary
fees and charges imposed or incurred in connection with any background checks or OFAC/PEP searches related to the Loan Parties and any applicable Affiliates thereof, (d) Agent’s and Issuing Bank’s customary fees and charges (as
adjusted from time to time) with respect to the disbursement of funds (or the receipt of funds) to or for the account of Borrower (whether by wire transfer or otherwise) or the issuing of Letters of Credit, together with any out-of-pocket costs and expenses incurred in connection therewith, (e) customary charges imposed or incurred by Agent resulting from the dishonor of checks payable by or
to any Loan Party, (f) reasonable documented out-of-pocket costs and expenses paid or incurred by the Agent (limited to one primary outside counsel and, if
applicable, local counsel in each applicable jurisdiction), to correct any default or enforce any provision of the 

  
 24 

 
Loan Documents, or during the continuance of an Event of Default, in gaining possession of, maintaining, handling, preserving, storing, shipping, selling, preparing for sale, or advertising to
sell the Collateral, or any portion thereof, irrespective of whether a sale is consummated, (g) financial examination, appraisal, and valuation fees on the terms set forth herein and reasonable out-of-pocket expenses of Agent related to any financial examinations, appraisals, or valuation to the extent of the fees and charges (and up to the amount of any limitation) provided in
Section 2.15(c) of the Agreement, (h) Agent’s reasonable out-of-pocket costs and expenses (including reasonable documented
attorneys’ fees of outside counsel (limited to one primary outside counsel and, if applicable, local counsel in each applicable jurisdiction) and the fees and expenses of in-house attorneys to the extent
incurred in connection with matters for which outside counsel is not also engaged) relative to third party claims or any other lawsuit or adverse proceeding paid or incurred, whether in enforcing or defending the Loan Documents or otherwise in
connection with the transactions contemplated by the Loan Documents, Agent’s Liens in and to the Collateral, or the Lender Group’s relationship with Parent or any of its Subsidiaries, (i) Agent’s reasonable documented costs and
expenses (including reasonable documented attorneys’ fees of outside counsel (limited to one primary outside counsel and, if applicable, local counsel in each applicable jurisdiction) and the fees and expenses of
in-house attorneys to the extent incurred in connection with matters for which outside counsel is not also engaged) and due diligence expenses) incurred in advising, structuring, drafting, reviewing,
administering (including travel, meals, and lodging), syndicating (including reasonable costs and expenses relative to the rating of the Term Loan, CUSIP, DXSyndicateTM, SyndTrak or other
communication costs incurred in connection with a syndication of the loan facilities), or amending, waiving, or modifying the Loan Documents, and (j) Agent’s and each Lender’s reasonable documented costs and expenses (including
reasonable documented attorneys’, accountants’, consultants’, and other advisors’ fees and expenses, but excluding the fees and expenses of in-house attorneys to the extent incurred in
connection with matters for which outside counsel is also engaged) incurred in terminating, enforcing (including attorneys’, accountants’, consultants’, and other advisors’ fees and expenses incurred in connection with a
“workout,” a “restructuring,” or an Insolvency Proceeding concerning Parent or any of its Subsidiaries or in exercising rights or remedies under the Loan Documents, but excluding the fees and expenses of in-house attorneys to the extent incurred in connection with matters for which outside counsel is also engaged and limited to one primary outside counsel and, if applicable, local counsel in each applicable
jurisdiction), or defending the Loan Documents, irrespective of whether a lawsuit or other adverse proceeding is brought, or in taking any enforcement action or any Remedial Action with respect to the Collateral. 

“Lender Group Representatives” has the meaning specified therefor in Section 17.9 of the Agreement.

 “Lender-Related Person” means, with respect to any Lender, such Lender, together with such Lender’s Affiliates, and
its and their respective officers, directors, employees, attorneys, and agents. 
 “Letter of Credit Application” shall
have the meaning set forth in Section 2.11(b) of the Agreement. 
 “Letter of Credit Borrowing”
shall have the meaning set forth in Section 2.11(d)(iv) of the Agreement. 

  
 25 

 “Letter of Credit Fees” shall have the meaning set forth in
Section 2.14(b) of the Agreement. 
 “Letter of Credit Sublimit” means $1,500,000. 

“Letter of Credit Collateralization” means either (a) providing cash collateral (pursuant to documentation reasonably
satisfactory to Agent, including provisions that specify that the Letter of Credit Fees and all commissions, fees, charges and expenses provided for in Section 2.11 of the Agreement will continue to accrue while the Letters
of Credit are outstanding) to be held by Agent for the benefit of the Revolving Lenders in an amount equal to 105% of the Maximum Undrawn Amount of all then outstanding Letters of Credit, (b) delivering to Agent documentation executed by all
beneficiaries under the Letters of Credit, in form and substance reasonably satisfactory to Agent and Issuing Bank, terminating all of such beneficiaries’ rights under the Letters of Credit, or (c) providing Agent with a standby letter of
credit, in form and substance reasonably satisfactory to Agent, from a commercial bank acceptable to Agent (in its sole discretion) in an amount equal to 105% of the Maximum Undrawn Amount of all then outstanding Letters of Credit (it being
understood that the Letter of Credit Fees set forth in the Agreement will continue to accrue while the Letters of Credit are outstanding and that any such fees that accrue must be an amount that can be drawn under any such standby letter of credit).

 “Letters of Credit” shall have the meaning set forth in Section 2.11(a)(i) of the Agreement.

 “Leverage Ratio” means, with respect to Parent and its Subsidiaries on a consolidated basis in accordance with GAAP, for
any date of determination, the ratio of (a) Funded Debt as of such date of determination to (b) EBITDA for the four fiscal quarter period ending on such date of determination. 

“LIBOR Alternate Source” has the meaning set forth in the definition of LIBOR Rate. 

“LIBOR Rate” for any LIBOR Rate Loan for the then current Interest Period relating thereto, the interest rate per annum
determined by Agent by dividing (the resulting quotient rounded upwards, if necessary, to the nearest 1/100th of 1% per annum) (a) the rate which appears on the Bloomberg Page BBAM1 (or on such other substitute Bloomberg page that displays
rates at which Dollar deposits are offered by leading banks in the London interbank deposit market), or, if not available from Bloomberg, the rate which is quoted by another source selected by Agent as an authorized information vendor for the
purpose of displaying rates at which Dollar deposits are offered by leading banks in the London interbank deposit market (a “LIBOR Alternate Source”), at approximately 11:00 a.m., London time, two (2) Business Days prior to the
commencement of such Interest Period as the London interbank offered rate for Dollars for an amount comparable to such LIBOR Rate Loan and having a borrowing date and a maturity comparable to such Interest Period (or if there shall at any time, for
any reason, no longer exist a Bloomberg Page BBAM1 (or any substitute page) or any LIBOR Alternate Source, a comparable replacement rate determined by Agent at such time (which determination shall be conclusive absent manifest error)), by (b) a
number equal to 1.00 minus the Reserve Percentage; provided, however, that if the LIBOR Rate determined as provided above would be less than zero, such rate shall be deemed to be zero for

  
 26 

 
purposes of this Agreement. The LIBOR Rate shall be adjusted with respect to any LIBOR Rate Loan that is outstanding on the effective date of any change in the Reserve Percentage as of such
effective date. Agent shall give reasonably prompt notice to the Borrower of the LIBOR Rate as determined or adjusted in accordance herewith, which determination shall be presumed conclusive absent manifest error. 

“LIBOR Rate Loan” means each portion of a Revolving Loan or the Term Loan that bears interest at a rate determined by
reference to the LIBOR Rate. 
 “Lien” means any mortgage, deed of trust, pledge, hypothecation, assignment, charge,
deposit arrangement, encumbrance, easement, lien (statutory or other), security interest, or other security arrangement and any other preference, priority, or preferential arrangement of any kind or nature whatsoever, including any conditional sale
contract or other title retention agreement, the interest of a lessor under a Capital Lease and any synthetic or other financing lease having substantially the same economic effect as any of the foregoing. 

“Liquidity” means, as of any date of determination, the sum of Availability and Qualified Cash. 

“Loan” means each extension of credit made (or to be made) under the Agreement, including the Revolving Loans, the Term Loan,
Swing Loans, Protective Advances and Letters of Credit. 
 “Loan Account” has the meaning specified therefor in
Section 2.10 of the Agreement. 
 “Loan Documents” means the Agreement, the First Amendment, the
Second Amendment, the Third Amendment, the Fourth Amendment, the Fifth Amendment, the Sixth Amendment, the Control Agreements, the Copyright Security Agreement, the Fee Letter, the First Amendment Fee Letter, the Guaranty and Security Agreement, the
Intercompany Subordination Agreement, any Issuer Documents, the Letters of Credit, the Mortgages, the Patent Security Agreement, the Trademark Security Agreement, the Notes and any other notes executed by Borrower in connection with the Agreement
and payable to any member of the Lender Group, and any other instrument or agreement entered into, now or in the future, by Parent or any of its Subsidiaries and (or in favor of) any member of the Lender Group in connection with the Agreement. 

“Loan Party” means Borrower or any Guarantor. 

“Management Incentive Documentation” means (i) that certain Amended and Restated Limited Liability Company Agreement, by
and among Golden Gate Capital Opportunity Fund, L.P., Golden Gate Capital Opportunity Fund-A, L.P., GGCOF Third-Party Co-Invest, L.P., GGCOF Executive Co-Invest, L.P., GGCOF IRA Co-Invest, L.P. and the other parties deemed signatory thereto (the “LiveVox TopCo LLC Agreement”), and (ii) those certain
Letters Regarding Cancellation Of Value Creation Incentive Plan Grant, by and between Borrower and the other parties signatory thereto. 

  
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 “Management Incentive Unit Agreements” means those certain Management
Incentive Unit Agreements, by and between LiveVox TopCo, LLC, a Delaware limited liability company, and the other parties signatories thereto. 

“Margin Stock” as defined in Regulation U of the Board of Governors as in effect from time to time. 

“Material Adverse Effect” means (a) a material adverse effect in the business, operations, results of operations,
assets, liabilities or financial condition of Parent and its Subsidiaries, taken as a whole, (b) a material impairment of Parent’s and its Subsidiaries ability to perform their obligations under the Loan Documents to which they are parties
or of the Lender Group’s ability to enforce the Obligations or realize upon the Collateral (other than as a result of as a result of an action taken or not taken that is solely in the control of Agent), or (c) a material impairment of the
enforceability or priority of Agent’s Liens with respect to all or a material portion of the Collateral. 
 “Material
Contract” means, with respect to any Person, (i) each contract or agreement to which such Person or any of its Subsidiaries is a party involving aggregate consideration payable to or by such Person or such Subsidiary of an amount equal
to 10% or more of projected Recurring Revenue for the 12 months immediately after the date of determination (other than purchase orders in the ordinary course of the business of such Person or such Subsidiary and other than contracts that by their
terms may be terminated by such Person or Subsidiary in the ordinary course of its business upon less than 60 days’ notice without penalty or premium) (ii) the Advisory Agreement, (iii) the Applicable Affiliate Transaction Documents,
and (iv) all other contracts or agreements, the loss of which could reasonably be expected to result in a Material Adverse Effect. 

“Maturity Date” means November 7, 2023. 

“Maximum Applicable Reserve” has the meaning specified therefor in Section 2.1(b)(i) of the
Agreement. 
 “Maximum Revolver Amount” means $5,000,000. 

“Maximum Swing Loan Advance Amount” means $500,000. 

“Maximum Undrawn Amount” means, with respect to any outstanding Letter of Credit as of any date, the amount of such Letter of
Credit that is or may become available to be drawn, including all automatic increases provided for in such Letter of Credit, whether or not any such automatic increase has become effective. 

“Merger Agreement” shall have the meaning set forth in the Fifth Amendment. 

“Merger Documentation” means the Merger Agreement and any Transaction Agreements (as defined in the Merger Agreement)
executed on the date of the Merger Agreement. 

  
 28 

 “Merger Documentation Representations” shall mean the representations and
warranties made by Public Holdco, First Merger Sub (as defined in the Fifth Amendment) and Second Merger Sub (as defined in the Fifth Amendment) (or any of their Affiliates or Subsidiaries) in the Merger Agreement to the extent that Parent (or any
of its Affiliates or Subsidiaries) has the right not to consummate the Mergers (as defined in the Fifth Amendment) or the right to terminate (or cause the termination of) such Person’s obligations under the Merger Agreement (giving effect to
materiality qualifiers contained in the Merger Agreement) as a result of a breach of such representations in the Merger Agreement. 

“Moody’s” has the meaning specified therefor in the definition of Cash Equivalents. 

“Mortgages” means, individually and collectively, one or more mortgages, deeds of trust, or deeds to secure debt, executed
and delivered by Parent or its Subsidiaries in favor of Agent, in form and substance reasonably satisfactory to Agent, that encumber the Real Property Collateral. 

“Net Cash Proceeds” means: 

(a) with respect to any sale or disposition by Parent or any of its Subsidiaries of assets, the amount of cash proceeds received (directly or
indirectly) from time to time (whether as initial consideration or through the payment of deferred consideration) by or on behalf of Parent or its Subsidiaries, in connection therewith after deducting therefrom only (i) the amount of any
Indebtedness secured by any Permitted Lien on any asset (other than (A) Indebtedness owing to Agent or any Lender under the Agreement or the other Loan Documents and (B) Indebtedness assumed by the purchaser of such asset) which is
required to be, and is, repaid in connection with such sale or disposition, (ii) reasonable fees, commissions, and expenses related thereto and required to be paid by Parent or such Subsidiary in connection with such sale or disposition,
(iii) taxes paid or payable to any taxing authorities by Parent or such Subsidiary in connection with such sale or disposition, in each case to the extent, but only to the extent, that the amounts so deducted are, at the time of receipt of such
cash, actually paid or payable to a Person that is not an Affiliate of Parent or any of its Subsidiaries, and are properly attributable to such transaction, other than fees payable under the Advisory Agreement permitted by
Section 6.10(f); and (iv) all amounts that are set aside as a reserve (A) for adjustments in respect of the purchase price of such assets, (B) for any liabilities associated with such sale or casualty, to the
extent such reserve is required by GAAP, and (C) for the payment of unassumed liabilities relating to the assets sold or otherwise disposed of at the time of, or within 30 days after, the date of such sale or other disposition, to the extent
that in each case the funds described above in this clause (iv) are (x) deposited into escrow with a third party escrow agent or set aside in a separate Deposit Account that is subject to a Control Agreement in favor of Agent and
(y) paid to Agent as a prepayment of the applicable Obligations in accordance with Section 2.12(d) of the Agreement at such time when such amounts are no longer required to be set aside as such a reserve; and 

  
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 (b) with respect to the issuance or incurrence of any Indebtedness by Parent or any of its
Subsidiaries, or the issuance by Parent or any of its Subsidiaries of any Equity Interests, the aggregate amount of cash received (directly or indirectly) from time to time (whether as initial consideration or through the payment or disposition of
deferred consideration) by or on behalf of Parent or such Subsidiary in connection with such issuance or incurrence, after deducting therefrom only (i) reasonable fees, commissions, and expenses related thereto and required to be paid by Parent
or such Subsidiary in connection with such issuance or incurrence, (ii) taxes paid or payable to any taxing authorities by Parent or such Subsidiary in connection with such issuance or incurrence, in each case to the extent, but only to the
extent, that the amounts so deducted are, at the time of receipt of such cash, actually paid or payable to a Person that is not an Affiliate of Parent or any of its Subsidiaries, and are properly attributable to such transaction, other than fees
payable under the Advisory Agreement permitted by Section 6.10(f) of the Agreement. 
 “Net Working
Capital” means, as of any date of determination, Current Assets as of such date minus Current Liabilities as of such date. 

“Non-Consenting Lender” has the meaning specified therefor in
Section 14.2(a) of the Agreement. 
 “Non-Defaulting
Lender” means each Revolver Lender other than a Defaulting Lender. 
 “Notes” means the Revolving Loan Notes, the
Swing Loan Note and the Term Loan Notes, in each case as amended, supplemented, restated, amended and restated, or otherwise modified from time to time, and “Note” means any of them. 

“Obligations” means (a) all Loans, debts, principal, interest (including any interest that accrues after the
commencement of an Insolvency Proceeding, regardless of whether allowed or allowable in whole or in part as a claim in any such Insolvency Proceeding), reimbursement or indemnification obligations with respect to Letters of Credit (irrespective of
whether contingent), premiums, liabilities (including all amounts charged to the Loan Account pursuant to the Agreement), obligations (including indemnification obligations), fees (including the fees provided for in the Fee Letter), Lender Group
Expenses (including any fees or expenses that accrue after the commencement of an Insolvency Proceeding, regardless of whether allowed or allowable in whole or in part as a claim in any such Insolvency Proceeding), guaranties, and all covenants and
duties of any other kind and description owing by any Loan Party arising out of, under, pursuant to, in connection with, or evidenced by the Agreement or any of the other Loan Documents and irrespective of whether for the payment of money, whether
direct or indirect, absolute or contingent, due or to become due, now existing or hereafter arising, and including all interest not paid when due and all other expenses or other amounts that Borrower is required to pay or reimburse by the Loan
Documents or by law or otherwise in connection with the Loan Documents, and (b) all Bank Product Obligations. Without limiting the generality of the foregoing, the Obligations of Borrower under the Loan Documents include the obligation to pay
(i) the principal of the Revolving Loans and the Term Loan, (ii) interest accrued on the Revolving Loans and the Term Loan, (iii) the amount necessary to reimburse Issuing Bank for amounts paid or payable pursuant to Letters of
Credit, (iv) Letter of Credit commissions, fees (including fronting fees) and charges, (v) Lender Group Expenses, (vi) fees payable under the Agreement or any of the other Loan Documents, and (vii) indemnities and other amounts
payable by any Loan Party under any Loan Document. Any reference in the Agreement or in the Loan Documents to the Obligations shall include all or any portion thereof and any extensions, modifications, renewals, or alterations thereof, both prior
and subsequent to any Insolvency Proceeding. 

  
 30 

 “OFAC” means the Office of Foreign Assets Control of the U.S. Department of
the Treasury. 
 “Originating Lender” has the meaning specified therefor in Section 13.1(e) of
the Agreement. 
 “Other Taxes” has the meaning set forth in Section 16.1. 

“Parent” has the meaning specified therefor in the preamble to the Agreement. 

“Participant” has the meaning specified therefor in Section 13.1(e) of the Agreement. 

“Participant Register” has the meaning set forth in Section 13.1(i) of the Agreement. 

“Participation Advance” shall have the meaning set forth in Section 2.11(d)(iv) of the Agreement.

 “Participation Commitment” means the obligation hereunder of each Lender holding a Revolving Commitment to buy a
participation equal to its Pro Rata Share (subject to any reallocation pursuant to Section 2.9(b)(iii) of the Agreement) in the Swing Loans made by Swing Loan Lender hereunder as provided for in
Section 2.4(c) of the Agreement and in the Letters of Credit issued as provided for in Section 2.11(d)(i) of the Agreement. 

“Patent Security Agreement” has the meaning specified therefor in the Guaranty and Security Agreement. 

“Patriot Act” means the Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct
Terrorism Act of 2001, P.L. 107-56, as amended. 
 “Payment Office” means,
initially, Two Tower Center Boulevard, East Brunswick, New Jersey 08816 and such bank account of Agent designated to Borrower; thereafter, such other office and/or account of Agent, if any, which it may designate by notice to Borrower and to each
Lender to be the Payment Office. 
 “Perfection Certificate” means a certificate in the form of Exhibit P-1 to the Agreement. 
 “Permitted Acquisition” means any acquisition of
(i) all or substantially all of the Equity Interests of any Person, or (ii) all or substantially all of the assets of any Person organized under the laws of a jurisdiction located in the United States (or of a line of business or division
of such an entity) (an “Acquisition”) made by a Loan Party (or by a Domestic Subsidiary thereof which, upon consummation of such Acquisition, will become a Loan Party) so long as: 

(a) immediately prior to, and after giving effect to, such Acquisition, Liquidity is and would not be less than $2,000,000, 

  
 31 

 (b) no Default or Event of Default shall have occurred and be continuing at the time such
Acquisition is consummated or would arise after giving pro forma effect to such Acquisition, 
 (c) such Acquisition is consensual, 

(d) no Indebtedness would be incurred, assumed or would otherwise exist after giving pro forma effect to such Acquisition other than Permitted
Indebtedness of the types described in clauses (c), (f), (g), (m), (q) and/or (t) of the definition thereof, and no Liens will be incurred, assumed or would otherwise exist after giving pro forma effect to such Acquisition other than Permitted
Liens securing Permitted Indebtedness of the types described in clauses (c) and/or (g) of the definition thereof or Permitted Liens of the type described in clauses (b), (c), (e), (f), (g), (h), (i), (j), (k), (n), (o), (p), (q) and/or
(r)of the definition thereof, 
 (e) the applicable Loan Party has provided Agent with written confirmation, supported by reasonably
detailed calculations and otherwise in form satisfactory to Agent, that, on a pro forma basis after giving effect to such Acquisition (and to any Indebtedness incurred, continuing to exist or assumed in connection therewith), Parent and its
Subsidiaries on a consolidated basis would have been in compliance with the then-applicable covenants set forth in Section 7 of the Agreement as of the end of the fiscal quarter ended immediately prior to the consummation
of the proposed Acquisition (calculated on a pro-forma basis as though such Acquisition had been consummated on the first day of the applicable fiscal measurement period for each such applicable financial
covenant), 
 (f) subject to Agent executing customary non-reliance letters, the applicable Loan
Party has provided Agent with its due diligence package relative to the proposed Acquisition, including available historical balance sheets, profit and loss statements, and cash flow statements of the Person or with respect to the assets to be
acquired and forecasted, for the four fiscal quarter period ending one year after the date such Acquisition is to be consummated, balance sheets, profit and loss statements, and cash flow statements of the Person or with respect to the assets to be
acquired, all prepared on a basis consistent with GAAP and the historical financial statements of such Person or relating to such assets, and in the case of such forecasted statements, together with supporting details and a statement of underlying
assumptions, 
 (g) the applicable Loan Party has provided Agent with (i) written notice of the proposed Acquisition at least five
(5) Business Days (or such shorter period as Agent may consent to) prior to the date such Acquisition is to be consummated and (ii) reasonably prior to the date such Acquisition is to be consummated, copies of the acquisition agreement and
other material documents relative to such Acquisition, 
 (h) the assets being acquired (other than a de minimis amount of assets in
relation to the assets being acquired), or the Person whose Equity Interests are being acquired, are located in, or organized under the laws of, as applicable, the United States, 

(i) if such Acquisition includes general partnership interests or any other Equity Interest that does not have a corporate (or similar)
limitation on liability of the owners thereof, then such Acquisition shall be effected by having such Equity Interests acquired by a corporate holding company directly or indirectly wholly-owned by a Loan Party and newly formed for the sole purpose
of effecting such Acquisition, 

  
 32 

 (j) after giving effect to such Acquisition, Parent and its Subsidiaries would remain in
compliance with Section 6.5 and Section 6.13 of the Agreement, 
 (k) the applicable
Loan Party (or Subsidiary thereof that will become a Loan Party upon the consummation of such Acquisition) shall comply with the Section 5.11 of the Agreement and any with respect to any such Subsidiary of a Loan Party that
will become a Loan Party upon the consummation of such Acquisition, such Subsidiary shall have satisfied, in a manner reasonably acceptable to Agent, customary PATRIOT Act requirements, and 

(l) the total costs and liabilities (including without limitation, all assumed liabilities, all
Earn-Out, deferred payments and the value of any other Equity Interests or assets transferred, assigned or encumbered with respect to such Acquisition) of any such individual Acquisition, excluding any portion
thereof funded with proceeds of a Qualified Equity Contribution which do not result in a Change of Control, does not exceed $30,000,000 and of all such Acquisitions do not exceed $60,000,000 in the aggregate during the period from the Closing Date
through the Maturity Date. 
 For the avoidance of doubt, each of the SpeechIQ Acquisition and the Engage Acquisition shall be deemed to be a
“Permitted Acquisition for all purposes under this Agreement. 
 “Permitted Discretion” means a determination made in
the exercise of reasonable (from the perspective of a secured commercial lender) business judgment. 
 “Permitted
Dispositions” means: 
 (a) sales, abandonment, or other dispositions of Equipment that is substantially worn, damaged, or obsolete
or no longer used or useful in the ordinary course of business and leases or subleases of Real Property not useful in the conduct of the business of Parent and its Subsidiaries, 

(b) sales of inventory to buyers in the ordinary course of business, 

(c) the use or transfer of money or Cash Equivalents in a manner that is not prohibited by the terms of the Agreement or the other Loan
Documents, 
 (d) the licensing, on a non-exclusive basis, of patents, trademarks, copyrights, and
other intellectual property rights in the ordinary course of business, 
 (e) the granting of Permitted Liens, 

(f) the sale or discount, in each case without recourse, of accounts receivable arising in the ordinary course of business, but only in
connection with the compromise or collection thereof, 
 (g) any involuntary loss, damage or destruction of property, 

  
 33 

 (h) any involuntary condemnation, seizure or taking, by exercise of the power of eminent
domain or otherwise, or confiscation or requisition of use of property, 
 (i) the leasing or subleasing of assets of Parent or its
Subsidiaries in the ordinary course of business, 
 (j) the sale or issuance of Equity Interests (other than Disqualified Equity Interests)
of Parent, 
 (k) (i) the lapse of registered patents, trademarks, copyrights and other intellectual property of Parent and its
Subsidiaries to the extent not economically desirable in the conduct of their business or (ii) the abandonment of patents, trademarks, copyrights, or other intellectual property rights in the ordinary course of business so long as (in each case
under clauses (i) and (ii)), (A) with respect to copyrights, such copyrights are not material revenue generating copyrights, and (B) such lapse is not materially adverse to the interests of the Lender Group, 

(l) the making of Restricted Payments that are expressly permitted to be made pursuant to the Agreement, 

(m) the making of Permitted Investments, 

(n) so long as no Event of Default has occurred and is continuing or would immediately result therefrom, transfers of assets (i) from
Parent or any of its Subsidiaries (other than Borrower) to a Loan Party (other than Parent), and (ii) from any Subsidiary of Parent that is not a Loan Party to any other Subsidiary of Parent, 

(o) dispositions of assets acquired by Parent and its Subsidiaries pursuant to a Permitted Acquisition consummated within 12 months of the
date of the proposed disposition so long as (i) the consideration received for the assets to be so disposed is at least equal to the fair market value of such assets and at least 75% payable in cash, (ii) the assets to be so disposed are
not necessary or economically desirable in connection with the business of Borrower and its Subsidiaries, and (iii) the assets to be so disposed are readily identifiable as assets acquired pursuant to the subject Permitted Acquisition, and 

(p) sales or dispositions of assets (other than Equity Interests of Subsidiaries of Parent) not otherwise permitted in clauses
(a) through (n) above so long as made at fair market value (and at least 75% payable in cash) and the aggregate fair market value of all assets disposed of in fiscal year (including the proposed disposition) would not exceed $250,000. 

“Permitted Holders” means Sponsor. 

“Permitted Indebtedness” means: 

(a) Indebtedness evidenced by the Agreement or the other Loan Documents, 

(b) Indebtedness set forth on Schedule 4.14 to the Agreement and any Refinancing Indebtedness in respect of such Indebtedness, 

  
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 (c) Permitted Purchase Money Indebtedness and any Refinancing Indebtedness in respect of
such Indebtedness, 
 (d) endorsement of instruments or other payment items for deposit, 

(e) Indebtedness consisting of (i) unsecured guarantees incurred in the ordinary course of business with respect to surety and appeal
bonds, performance bonds, bid bonds, appeal bonds, completion guarantee and similar obligations; (ii) unsecured guarantees arising with respect to customary indemnification obligations to purchasers in connection with Permitted Dispositions;
and (iii) unsecured guarantees with respect to Indebtedness of Parent or one of its Subsidiaries, to the extent that the Person that is obligated under such guaranty could have incurred such underlying Indebtedness, 

(f) unsecured Indebtedness of Borrower that is incurred on the date of the consummation of a Permitted Acquisition solely for the purpose of
consummating such Permitted Acquisition so long as (i) no Event of Default has occurred and is continuing or would result therefrom, (ii) such unsecured Indebtedness is not incurred for working capital purposes, (iii) such unsecured
Indebtedness does not mature prior to the date that is 6 months after the Maturity Date, (iv) such unsecured Indebtedness does not amortize until 6 months after the Maturity Date, (v) such unsecured Indebtedness does not provide for the
payment of interest thereon in cash or Cash Equivalents prior to the date that is 6 months after the Maturity Date, (v) such unsecured Indebtedness does not provide for the payment of cash prior to the date that is 6 months after the Maturity
Date, and (vii) such Indebtedness is subordinated in right of payment to the Obligations on terms and conditions reasonably satisfactory to Agent, and any Refinancing Indebtedness with respect thereto, 

(g) Acquired Indebtedness in an amount not to exceed $250,000 outstanding at any one time, and any Refinancing Indebtedness with respect
thereto, 
 (h) Indebtedness incurred in the ordinary course of business under performance, surety, statutory, or appeal bonds, 

(i) Indebtedness owed to any Person providing property, casualty, liability, or other insurance to Parent or any of its Subsidiaries, so long
as the amount of such Indebtedness is not in excess of the amount of the unpaid cost of, and shall be incurred only to defer the cost of, such insurance for the year in which such Indebtedness is incurred and such Indebtedness is outstanding only
during such year, 
 (j) the incurrence by Parent or its Subsidiaries of Indebtedness under Hedge Agreements that are incurred for the bona
fide purpose of hedging the interest rate, commodity, or foreign currency risks associated with Parent’s and its Subsidiaries’ operations and not for speculative purposes, 

(k) Indebtedness incurred in the ordinary course of business in respect of credit cards, credit card processing services, debit cards, stored
value cards, commercial cards (including so-called “purchase cards”, “procurement cards” or “p-cards”), or Cash Management Services, 

  
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 (l) unsecured Indebtedness of Parent owing to former employees, officers, or directors (or
any spouses, ex-spouses, or estates of any of the foregoing) incurred in connection with the repurchase by Parent of the Equity Interests of Parent that has been issued to such Persons, so long as (i) no
Default or Event of Default has occurred and is continuing or would result from the incurrence of such Indebtedness, (ii) the aggregate amount of all such Indebtedness outstanding at any one time does not exceed $3,000,000, and (iii) such
Indebtedness is subordinated to the Obligations on terms and conditions reasonably acceptable to Agent, 
 (m) unsecured Indebtedness owing
to sellers of assets or Equity Interests to a Loan Party that is incurred by the applicable Loan Party in connection with the consummation of one or more Permitted Acquisitions so long as (i) the aggregate principal amount for all such
unsecured Indebtedness does not exceed $250,000 at any one time outstanding, (ii) is not cash payable before 6 months after the Maturity Date and is otherwise subordinated to the Obligations on terms and conditions reasonably acceptable to
Agent, and (iii) is otherwise on terms and conditions (including all economic terms and the absence of covenants) reasonably acceptable to Agent, 

(n) contingent liabilities in respect of any indemnification obligation, adjustment of purchase price,
non-compete, or similar obligation of Parent or the applicable Loan Party incurred in connection with the consummation of one or more Permitted Acquisitions, 

(o) Indebtedness composing Permitted Investments, 

(p) unsecured Indebtedness incurred in respect of netting services, overdraft protection, and other like services, in each case, incurred in
the ordinary course of business, 
 (q) unsecured Indebtedness of Borrower or its Subsidiaries in respect of (i) the SpeechIQ Holdback,
(ii) the SpeechIQ Incentive Payment, (iii) the Teckst Holdback, (iv) the Teckst Incentive Payment, (v) the Engage Earn-Out and (vi) Earn-Outs owing to sellers of assets or Equity
Interests to Borrower or its Subsidiaries that is incurred in connection with the consummation of one or more Permitted Acquisitions so long as solely in the case of this sub-clause (vi) (A) such
unsecured Indebtedness is subordinated to the Obligations on terms and conditions acceptable to Agent and (B) such unsecured Indebtedness is otherwise on terms and conditions reasonably acceptable to Agent, 

(r) Indebtedness in an aggregate outstanding principal amount not to exceed $250,000 at any time outstanding for all Subsidiaries of Parent
that are CFCs; provided, that such Indebtedness is not directly or indirectly recourse to any of the Loan Parties or of their respective assets, 

(s) accrual of interest, accretion or amortization of original issue discount, or the payment of interest in kind, in each case, on
Indebtedness that otherwise constitutes Permitted Indebtedness, 
 (t) the Engage PPP Loan, so long as any potential amount owing with
respect to the Engage PPP Loan is fully funded pursuant to an escrow arrangement reasonably satisfactory to the Agent (the Agent hereby acknowledges and agrees that the escrow arrangement shall be in place on the Sixth Amendment Effective Date is
satisfactory to the Agent); 

  
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 (u) any other unsecured Indebtedness incurred by Parent or any of its Subsidiaries in an
aggregate outstanding amount not to exceed $250,000 at any one time; and 
 (v) unsecured Indebtedness of Parent owing to former employees,
officers, or directors (or any spouses, ex-spouses, or estates of any of the foregoing) incurred in connection with the repurchase by Parent of the Equity Interests of Parent that have been issued to such
Persons pursuant to the terms of the Management Incentive Documentation, so long as (i) no Default or Event of Default has occurred and is continuing or would result from the incurrence of such Indebtedness, (ii) the aggregate amount of
all such Indebtedness outstanding at any one time does not exceed (A) during the fiscal year ending December 31, 2019, $11,000,000, (B) during the fiscal year ending December 31, 2020, $5,500,000 and (C) all other times, $0, and
(iii) such Indebtedness is subordinated to the Obligations on terms and conditions reasonably acceptable to Agent. 

“Permitted Intercompany Advances” means loans or advances constituting Indebtedness made by (a) a Loan Party to another
Loan Party other than Parent, (b) a Subsidiary of Parent that is not a Loan Party to another Subsidiary of Parent that is not a Loan Party, (c) a Subsidiary of Parent that is not a Loan Party to a Loan Party, so long as the parties thereto
are party to the Intercompany Subordination Agreement, and (d) a Loan Party to a Subsidiary of Borrower that is not a Loan Party so long as (i) the aggregate amount of all such loans or advances (by type, not by the borrower) does not
exceed $1,000,000 outstanding at any one time, (ii) at the time of the making of such loan or advance, no Event of Default has occurred and is continuing or would result therefrom, and (iii) Borrower has Liquidity of $2,500,000 or greater
immediately after giving effect to each such loan or advance. 
 “Permitted Investments” means: 

(a) Investments in cash and Cash Equivalents, 

(b) Investments in negotiable instruments deposited or to be deposited for collection in the ordinary course of business, 

(c) advances made in connection with purchases of goods or services in the ordinary course of business, 

(d) Investments received in settlement of amounts due to any Loan Party or any of its Subsidiaries effected in the ordinary course of business
or owing to any Loan Party or any of its Subsidiaries as a result of Insolvency Proceedings involving an account debtor or upon the foreclosure or enforcement of any Lien in favor of a Loan Party or its Subsidiaries, 

(e) Investments owned by any Loan Party or any of its Subsidiaries on the Closing Date, and/or the Third Amendment Effective Date, as
applicable, and set forth on Schedule P-1 to the Agreement, 
 (f) guarantees permitted under
the definition of Permitted Indebtedness, 
 (g) Permitted Intercompany Advances, 

  
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 (h) Equity Interests or other securities acquired in connection with the satisfaction or
enforcement of Indebtedness or claims due or owing to a Loan Party or its Subsidiaries (in bankruptcy of customers or suppliers or otherwise outside the ordinary course of business) or as security for any such Indebtedness or claims, 

(i) deposits of cash made in the ordinary course of business to secure performance of operating leases, 

(j) non-cash loans and advances to current or former employees, officers, and directors (or successors
in interest to any of the foregoing) of Parent or any of its Subsidiaries for the purpose of purchasing Equity Interests in Parent so long as the proceeds of such loans are used in their entirety to purchase such Equity Interests in Parent not to
exceed $250,000 at any one time, 
 (k) Permitted Acquisitions, 

(l) Investments in the form of capital contributions and the acquisition of Equity Interests made by any Loan Party in any other Loan Party
(other than capital contributions to or the acquisition of Equity Interests of Parent), 
 (m) Investments resulting from entering into
(i) Bank Product Agreements, or (ii) agreements relative to Indebtedness that is permitted under clause (j) of the definition of Permitted Indebtedness, 

(n) equity Investments by any Loan Party in any Subsidiary of such Loan Party which is required by law to maintain a minimum net capital
requirement or as may be otherwise required by applicable law, 
 (o) Investments held by a Person acquired in a Permitted Acquisition to
the extent that such Investments were not made in contemplation of or in connection with such Permitted Acquisition and were in existence on the date of such Permitted Acquisition, 

(p) so long as no Event of Default has occurred and is continuing or would result therefrom, any other Investments in an aggregate amount not
to exceed $250,000 during the term of the Agreement, and 
 (q) Investments made entirety with Qualified Equity Contributions. 

“Permitted Liens” means: 

(a) Liens granted to, or for the benefit of, Agent to secure the Obligations, 

(b) Liens for unpaid taxes, assessments, or other governmental charges or levies that either (i) are not yet delinquent, or (ii) do
not have priority over Agent’s Liens and the underlying taxes, assessments, or charges or levies are the subject of Permitted Protests, 

(c) judgment Liens arising solely as a result of the existence of judgments, orders, or awards that do not constitute an Event of Default
under Section 8.3 of the Agreement, 

  
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 (d) Liens set forth on Schedule P-2 to the
Agreement; provided, that to qualify as a Permitted Lien, any such Lien described on Schedule P-2 to the Agreement shall only secure the Indebtedness that it secures on the Closing Date and/or
the Third Amendment Effective Date, as applicable, and any Refinancing Indebtedness in respect thereof, 
 (e) the interests of lessors
under operating leases and non-exclusive licensors under license agreements, 
 (f) purchase money
Liens or the interests of lessors under Capital Leases to the extent that such Liens or interests secure Permitted Purchase Money Indebtedness and so long as (i) such Lien attaches only to the asset purchased or acquired and the proceeds
thereof, and (ii) such Lien only secures the Indebtedness that was incurred to acquire the asset purchased or acquired or any Refinancing Indebtedness in respect thereof, 

(g) Liens arising by operation of law in favor of warehousemen, landlords, carriers, mechanics, materialmen, laborers, or suppliers, incurred
in the ordinary course of business and not in connection with the borrowing of money, and which Liens either (i) are for sums not yet delinquent, or (ii) are the subject of Permitted Protests, 

(h) Liens on amounts deposited to secure Parent’s and its Subsidiaries’ obligations in connection with worker’s compensation or
other unemployment insurance, 
 (i) Liens on amounts deposited to secure Parent’s and its Subsidiaries’ obligations in connection
with the making or entering into of bids, tenders, and leases, the performance under government contracts, and statutory obligations, in each case in the ordinary course of business and not in connection with the borrowing of money, 

(j) Liens on amounts deposited to secure Parent’s and its Subsidiaries’ reimbursement obligations with respect to surety or appeal
bonds obtained in the ordinary course of business, 
 (k) with respect to any Real Property, easements, rights of way, and zoning
restrictions that do not materially interfere with or impair the use or operation thereof, 
 (l)
non-exclusive licenses of patents, trademarks, copyrights, and other intellectual property rights in the ordinary course of business, 

(m) Liens that are replacements of Permitted Liens to the extent that the original Indebtedness is the subject of permitted Refinancing
Indebtedness and so long as the replacement Liens only encumber those assets that secured the original Indebtedness, 
 (n) rights of setoff
or bankers’ liens upon deposits of cash in favor of banks or other depository institutions, solely to the extent incurred in connection with the maintenance of such deposit accounts in the ordinary course of business, 

(o) Liens granted in the ordinary course of business on the unearned portion of insurance premiums securing the financing of insurance
premiums to the extent the financing is permitted under the definition of Permitted Indebtedness, 

  
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 (p) Liens in favor of customs and revenue authorities arising as a matter of law to secure
payment of customs duties in connection with the importation of goods, 
 (q) Liens solely on any cash earnest money deposits made by Parent
or any of its Subsidiaries in connection with any letter of intent or purchase agreement with respect to a Permitted Acquisition, 
 (r)
Liens assumed by Borrower or its Subsidiaries in connection with a Permitted Acquisition that secure Acquired Indebtedness, 
 (s) Liens on
cash and Cash Equivalents maintained in Deposit Accounts or Securities Accounts of Parent or any Subsidiary that secure Permitted Indebtedness incurred by such Person and as to which the aggregate amount of the obligations secured thereby does not
exceed $50,000 outstanding at any time, and 
 (t) other Liens which do not secure Indebtedness for borrowed money or letters of credit and
as to which the aggregate amount of the obligations secured thereby does not exceed $100,000. 
 “Permitted Protest” means
the right of Parent or any of its Subsidiaries to protest any Lien (other than any Lien that secures the Obligations), taxes (other than payroll taxes or taxes that are the subject of a United States federal tax lien), or rental payment, provided
that (a) a reserve with respect to such obligation is established on Parent’s or its Subsidiaries’ books and records in such amount as is required under GAAP, (b) any such protest is instituted promptly and prosecuted diligently
by Parent or its Subsidiary, as applicable, in good faith, and (c) Agent is satisfied that, while any such protest is pending, there will be no impairment of the enforceability, validity, or priority of any of Agent’s Liens. 

“Permitted Purchase Money Indebtedness” means, as of any date of determination, Indebtedness (other than the Obligations, but
including Capitalized Lease Obligations), incurred after the Closing Date and at the time of, or within 20 days after, the acquisition of any fixed assets for the purpose of financing all or any part of the acquisition cost thereof, in an aggregate
principal amount outstanding at any one time not in excess of $3,000,000. 
 “Permitted Term Out Fee” means payment,
pursuant to the Advisory Agreement, of a fee in lieu of the annual management fee otherwise due thereunder, equal to the amount of such annual management fee that would have been paid over the then remaining term of the Advisory Agreement so long as
(a) such fee is paid upon the consummation of an IPO, (b) no Default or Event of Default has occurred and is continuing or would result therefrom, (c) after giving pro forma effect to such payment the Loan Parties would be in
compliance with the applicable covenants set forth in Section 7 as of the most recently ended fiscal quarter and (d) except to the extent such payment is made with proceeds of such IPO, after taking into account all
such payments to be made on such date, the Loan Parties would have Liquidity of at least $5,000,000. 
 “Person” means
natural persons, corporations, limited liability companies, limited partnerships, general partnerships, limited liability partnerships, joint ventures, trusts, land trusts, business trusts, or other organizations, irrespective of whether they are
legal entities, and governments and agencies and political subdivisions thereof. 

  
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 “Plan” means a confirmed plan of reorganization or similar dispositive
restructuring plan affecting creditors’ rights generally pursuant to an Insolvency Proceeding. 
 “Platform” has the
meaning specified therefor in Section 17.9(c) of the Agreement. 
 “PNC” means PNC Bank, National
Association, a national banking association. 
 “PPP Program” shall mean the “Paycheck Protection Program” added
to Section 7(a) of the Small Business Act, as enacted pursuant to the terms of Title 1 (Keeping American Workers Paid and Employed Act) of the CARES Act and administered by the SBA. 

“Projections” means Parent’s consolidated forecasted (a) balance sheets, (b) profit and loss statements, and
(c) cash flow statements, all prepared on a basis consistent with Parent’s historical financial statements, together with appropriate supporting details and a statement of underlying assumptions. 

“Pro Rata Share” means, as of any date of determination: 

(a) with respect to a Lender’s obligation to make all or a portion of the Revolving Loans, with respect to such Lender’s right to
receive payments of interest, fees, and principal with respect to the Revolving Loans, and with respect to all other computations and other matters related to the Revolver Commitments or the Revolving Loans, the percentage obtained by dividing
(i) the Revolving Loan Exposure of such Lender by (ii) the aggregate Revolving Loan Exposure of all Lenders, 
 (b) with respect
to a Lender’s obligation to participate in the Letters of Credit, with respect to such Lender’s obligation to reimburse Issuing Bank, and with respect to such Lender’s right to receive payments of Letter of Credit Fees, and with
respect to all other computations and other matters related to the Letters of Credit, the percentage obtained by dividing (i) the Revolving Loan Exposure of such Lender by (ii) the aggregate Revolving Loan Exposure of all Lenders;
provided, that if all of the Revolving Loans have been repaid in full and all Revolver Commitments have been terminated, but Letters of Credit remain outstanding, Pro Rata Share under this clause shall be determined as if the Revolver
Commitments had not been terminated and based upon the Revolver Commitments as they existed immediately prior to their termination, 
 (c)
with respect to a Lender’s obligation to make the Term Loan and right to receive payments of interest, fees, and principal with respect thereto, (i) prior to the making of the Term Loan, the percentage obtained by dividing (y) such
Lender’s Term Loan Commitment, by (z) the aggregate amount of all Lenders’ Term Loan Commitments, and (ii) from and after the making of the Term Loan, the percentage obtained by dividing (y) the principal amount of such
Lender’s portion of the Term Loan by (z) the principal amount of the Term Loan, and 

  
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 (d) with respect to all other matters and for all other matters as to a particular Lender
(including the indemnification obligations arising under Section 15.7 of the Agreement), the percentage obtained by dividing (i) the sum of the Term Loan Exposure of such Lender plus the Revolving Loan Exposure of such
Lender by (ii) the sum of the aggregate Term Loan Exposure of all Lenders plus the aggregate Revolving Loan Exposure of all Lenders, in any such case as the applicable percentage may be adjusted by assignments permitted pursuant to
Section 13.1; provided, that if all of the Loans have been repaid in full, all Letters of Credit have been made the subject of Letter of Credit Collateralization, and all Commitments have been terminated, Pro Rata
Share under this clause shall be determined as if the Revolving Loan Exposures and Term Loan Exposures had not been repaid, collateralized, or terminated and shall be based upon the Revolving Loan Exposures and Term Loan Exposures as they existed
immediately prior to their repayment, collateralization, or termination. 
 “Protective Advances” has the meaning specified
therefor in Section 2.1(b)(i) of the Agreement. 
 “Public Holdco” means Crescent Acquisition
Corp. 
 “Public Lender” has the meaning specified therefor in Section 17.9(c) of the Agreement.

 “Published Rate” means the rate of interest published each Business Day in the Wall Street Journal “Money
Rates” listing under the caption “London Interbank Offered Rates” for a one month period (or, if no such rate is published therein for any reason, then the Published Rate shall be the LIBOR Rate for a one month period as published in
another publication selected by Agent). 
 “Purchase Price” means, with respect to any Acquisition, an amount equal to the
aggregate consideration, whether cash, property or securities (including the fair market value of any Equity Interests of Parent issued in connection with such Acquisition and including the maximum amount of Earn-Outs), paid or delivered by Parent
or one of its Subsidiaries in connection with such Acquisition (whether paid at the closing thereof or payable thereafter and whether fixed or contingent), but excluding therefrom (a) any cash of the seller and its Affiliates used to fund any
portion of such consideration and (b) any cash or Cash Equivalents acquired in connection with such Acquisition. 
 “Qualified
Cash” means, as of any date of determination, the amount of unrestricted cash and Cash Equivalents of Borrower and its Subsidiaries that is in Deposit Accounts or in Securities Accounts, or any combination thereof, and which such Deposit
Account or Securities Account is the subject of a Control Agreement and is maintained by a branch office of the bank or securities intermediary located within the United States; provided, that so long as Borrower is in compliance with
Section 5.14 of the Agreement, until the 90th day after the Closing Date, all unrestricted cash and Cash Equivalents of Borrower and its Subsidiaries that are required to become subject to Control Agreements or closed under
Section 5.14 of the Agreement shall constitute Qualified Cash. 
 “Qualified Equity Contribution”
means an investment of Qualified Equity Interests by Sponsor and the other shareholders of Parent. 
 “Qualified Equity
Interest” means and refers to any Equity Interests issued by Parent (and not by one or more of its Subsidiaries) that is not a Disqualified Equity Interest. 

  
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 “Real Property” means any estates or interests in real property now owned
or hereafter acquired by Parent or its Subsidiaries and the improvements thereto. 
 “Real Property Collateral” means
(a) the Real Property identified on Schedule R-1 to the Agreement and (b) any Real Property hereafter acquired by Parent or its Subsidiaries after the Closing Date. 

“Record” means information that is inscribed on a tangible medium or that is stored in an electronic or other medium and is
retrievable in perceivable form. 
 “Recipient” has the meaning set forth in Section 16.2(e) of
the Agreement. 
 “Recurring Revenues” means, with respect to any period, all customer license-based or usage-based revenue
attributable to the software owned, licensed or maintained by Borrower or its Subsidiaries which shall include, for the avoidance of doubt, all minute-based charges, text messaging revenue, call-based charges, local caller ID packages, agent-leg minutes, agent recurring charges, call recording charges, telco charges and any similar recurring fees from the Applicable Affiliate Transaction Documents. 

“Reference Period” has the meaning set forth in the definition of EBITDA. 

“Refinancing Indebtedness” means refinancings, renewals, or extensions of Indebtedness so long as: 

(a) such refinancings, renewals, or extensions do not result in an increase in the principal amount of the Indebtedness so refinanced,
renewed, or extended, other than by the amount of premiums paid thereon and the fees and expenses incurred in connection therewith and by the amount of unfunded commitments with respect thereto, 

(b) such refinancings, renewals, or extensions do not result in a shortening of the average weighted maturity (measured as of the refinancing,
renewal, or extension) of the Indebtedness so refinanced, renewed, or extended, nor are they on terms or conditions that, taken as a whole, are or could reasonably be expected to be materially adverse to the interests of the Lenders, 

(c) if the Indebtedness that is refinanced, renewed, or extended was subordinated in right of payment to the Obligations, then the terms and
conditions of the refinancing, renewal, or extension must include subordination terms and conditions that are at least as favorable to the Lender Group as those that were applicable to the refinanced, renewed, or extended Indebtedness, and 

(d) the Indebtedness that is refinanced, renewed, or extended is not recourse to any Person that is liable on account of the Obligations other
than those Persons which were obligated with respect to the Indebtedness that was refinanced, renewed, or extended. 

“Register” has the meaning set forth in Section 13.1(h) of the Agreement. 

“Registered Loan” has the meaning set forth in Section 13.1(h) of the Agreement. 

  
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 “Reimbursement Obligation” has the meaning specified therefor in
Section 2.11(d)(ii) of the Agreement. 
 “Related Fund” means any Person (other than a natural
person) that is engaged in making, purchasing, holding or investing in bank loans and similar extensions of credit in the ordinary course and that is administered, advised or managed by (a) a Lender, (b) an Affiliate of a Lender or
(c) an entity or an Affiliate of an entity that administers, advises or manages a Lender. 
 “Remedial Action” means
all actions taken to (a) clean up, remove, remediate, contain, treat, monitor, assess, evaluate, or in any way address Hazardous Materials in the indoor or outdoor environment, (b) prevent or minimize a release or threatened release of
Hazardous Materials so they do not migrate or endanger or threaten to endanger public health or welfare or the indoor or outdoor environment, (c) restore or reclaim natural resources or the environment, (d) perform any pre-remedial studies, investigations, or post-remedial operation and maintenance activities, or (e) conduct any other actions with respect to Hazardous Materials required by Environmental Laws. 

“Reorganization Securities” means any notes, equity interests, or other securities (whether debt, equity, or otherwise)
issued by a reorganized debtor that are distributed pursuant to a Plan on account of the Obligations in any Insolvency Proceeding of a Loan Party. 

“Replacement Lender” has the meaning specified therefor in Section 2.17(b) of the Agreement. 

“Report” has the meaning specified therefor in Section 15.16 of the Agreement. 

“Required Lenders” means, at any time, Lenders having or holding more than 50% of the sum of (a) the aggregate Revolving
Loan Exposure of all Lenders, plus (b) the aggregate Term Loan Exposure of all Lenders; provided, that (i) the Revolving Loan Exposure and Term Loan Exposure of any Defaulting Lender shall be disregarded in the determination of the
Required Lenders, and (ii) subject to Section 13.1(k) of the Agreement, any portion of the Revolving Loan Exposure or Term Loan Exposure held by Sponsor Affiliated Entities shall not be included in the calculation of
“Required Lenders”. 
 “Reserve Percentage” means as of any day the maximum effective percentage in effect on
such day as prescribed by the Board of Governors of the Federal Reserve System (or any successor) for determining the reserve requirements (including supplemental, marginal and emergency reserve requirements) with respect to eurocurrency funding
(currently referred to as “Eurocurrency Liabilities”). 
 “Restricted Payment” means to (a) declare or pay
any dividend or make any other payment or distribution, directly or indirectly, on account of Equity Interests issued by Parent (including any payment in connection with any merger or consolidation involving Parent) or to the direct or indirect
holders of Equity Interests issued by Parent in their capacity as such (other than dividends or distributions payable in Qualified Equity Interests issued by Parent, or (b) purchase, redeem, make any sinking fund or similar payment, or
otherwise acquire or retire for value (including in connection with any merger or consolidation involving Parent) any Equity Interests issued by Parent, and (c) make any payment to retire, or to obtain the surrender of, any outstanding
warrants, options, or other rights to acquire Equity Interests of Parent now or hereafter outstanding. 

  
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 “Revolver Commitment” means, with respect to each Revolving Lender, its
Revolver Commitment, and, with respect to all Revolving Lenders, their Revolver Commitments, in each case as such Dollar amounts are set forth beside such Revolving Lender’s name under the applicable heading on Schedule C-1 to the Agreement or in the Assignment and Acceptance pursuant to which such Revolving Lender became a Revolving Lender under the Agreement, as such amounts may be reduced or increased from time to time
pursuant to assignments made in accordance with the provisions of Section 13.1 of the Agreement. 

“Revolver Usage” means, as of any date of determination, the sum of (a) the amount of outstanding Loans, other than the
Term Loan, plus (b) the Maximum Undrawn Amount of all then outstanding Letters of Credit. 
 “Revolving Interest Rate”
means (a) with respect to Loans, other than the Term Loan, that are, in each case, Base Rate Loans, an interest rate per annum equal to the sum of the Applicable Base Rate Margin plus the Alternate Base Rate and (b) with respect to
Revolving Loans that are LIBOR Rate Loans, an interest rate per annum equal to the sum of the Applicable LIBOR Rate Margin plus the greater of (i) the LIBOR Rate and (ii) 1.00%. 

“Revolving Lender” means a Lender that has a Revolving Loan Commitment or Participation Commitment or that has an outstanding
Revolving Loan. 
 “Revolving Loan Exposure” means, with respect to any Revolving Lender, as of any date of determination
(a) prior to the termination of the Revolver Commitments, the amount of such Lender’s Revolver Commitment, and (b) after the termination of the Revolver Commitments, the aggregate outstanding principal amount of the Loans (other than
the Term Loan) of such Lender and such Lender’s Participation Commitment with respect to then outstanding Letters of Credit. 

“Revolving Loan Note” has the meaning specified in Section 2.1(a) of the Agreement. 

“Revolving Loans” means the Loans made under Section 2.1(a) of the Agreement. 

“Sanctioned Country” means, at any time, a country or territory which is itself the subject or target of any Sanctions
(which, as of the date of the Credit Agreement, include Crimea, Cuba, Iran, North Korea, Sudan and Syria). 
 “Sanctioned
Person” means, at any time, (a) any Person listed in any Sanctions-related list of designated Persons maintained by OFAC or the U.S. Department of State or by the United Nations Security Council, the European Union, any European Union
member state, Her Majesty’s Treasury of the United Kingdom or other relevant sanctions authority, (b) any Person operating, organized or resident in a Sanctioned Country or (c) any Person owned or controlled by any such Person or
Persons. 

  
 45 

 “Sanctions” means economic or financial sanctions or trade embargoes
imposed, administered or enforced from time to time by (a) the U.S. government, including those administered by OFAC or the U.S. Department of State or (b) the United Nations Security Council, the European Union, any European Union member
state, Her Majesty’s Treasury of the United Kingdom or other relevant sanctions authority. 
 “S&P” has the
meaning specified therefor in the definition of Cash Equivalents. 
 “SEC” means the United States Securities and Exchange
Commission and any successor thereto. 
 “Second Amendment” means that certain Second Amendment to Credit Agreement, dated
as of the Second Amendment Effective Date. 
 “Second Amendment Effective Date” means May 6, 2019. 

“Securities Account” means a securities account (as that term is defined in the Code). 

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

“Settlement” has the meaning specified therefor in Section 2.6(d) of the Agreement. 

“Settlement Date” has the meaning specified therefor in Section 2.6(d) of the Agreement. 

“Solvent” means, with respect to any Person as of any date of determination, that (a) at fair valuations, the sum of
such Person’s debts (including contingent liabilities) is less than all of such Person’s assets, (b) such Person is not engaged or about to engage in a business or transaction for which the remaining assets of such Person are
unreasonably small in relation to the business or transaction or for which the property remaining with such Person is an unreasonably small capital, and (c) such Person has not incurred and does not intend to incur, or reasonably believe that
it will incur, debts beyond its ability to pay such debts as they become due (whether at maturity or otherwise), and (d) such Person is “solvent” or not “insolvent”, as applicable within the meaning given those terms and
similar terms under applicable laws relating to fraudulent transfers and conveyances. For purposes of this definition, the amount of any contingent liability at any time shall be computed as the amount that, in light of all of the facts and
circumstances existing at such time, represents the amount that can reasonably be expected to become an actual or matured liability (irrespective of whether such contingent liabilities meet the criteria for accrual under Statement of Financial
Accounting Standard No. 5). 
 “Specified Event of Default” means an Event of Default under
Section 8.1 (including, without limitation, due to a failure to pay any of the Obligations upon the acceleration thereof), Section 8.4 or Section 8.5 of the Agreement.

  
 46 

 “Specified Financial Covenants” has the meaning specified therefor in
Section 9.3(a) of the Agreement. 
 “SpeechIQ Acquisition” shall mean the transactions
contemplated by the SpeechIQ Acquisition Agreement. 
 “SpeechIQ Acquisition Agreement” shall mean the Unit Purchase
Agreement, dated on or about the Third Amendment Effective Date, by and among Borrower, SpeechIQ Sellers and Kyle F. Hanson, solely in the capacity of the Seller Rep (as defined therein). 

“SpeechIQ Acquisition Documentation” shall mean, collectively, the SpeechIQ Acquisition Agreement and all schedules, exhibits
and annexes thereto, all amendments, waivers and modifications thereto, and all material agreements, instruments, and documents relating to the SpeechIQ Acquisition executed by any Loan Party (or any of their Affiliates or Subsidiaries) and
affecting the terms thereof or entered into by any Loan Party (or any of their Affiliates or Subsidiaries) in connection therewith. 

“SpeechIQ Acquisition Agreement Representations” shall mean the representations and warranties made by the SpeechIQ Sellers
(or any of their Affiliates or Subsidiaries) in the SpeechIQ Acquisition Agreement to the extent that Borrower (or any of its Affiliates or Subsidiaries) has the right not to consummate the SpeechIQ Acquisition or the right to terminate (or cause
the termination of) such Person’s obligations under the SpeechIQ Acquisition Agreement (giving effect to materiality qualifiers contained in the SpeechIQ Acquisition Agreement) as a result of a breach of such representations in the SpeechIQ
Acquisition Agreement. 
 “SpeechIQ Holdback” shall mean that unsecured obligation owing by Borrower to the SpeechIQ
Sellers to pay the amount pursuant to Section 7.9 of the SpeechIQ Acquisition Agreement, in an aggregate amount not to exceed $1,200,000. 

“SpeechIQ Incentive Payment” shall mean that unsecured obligation owing by Borrower to management or any other employees, as
applicable, to make an incentive payment pursuant to the SpeechIQ Acquisition Agreement, in an aggregate amount not to exceed $1,000,000. 

“SpeechIQ Sellers” shall mean the Sellers (as defined in the SpeechIQ Acquisition Agreement). 

“Sponsor” means Golden Gate Capital. 

“Sponsor Affiliated Entity” means Sponsor or any of its Affiliates (other than Loan Parties or their Subsidiaries and other
than operating portfolio companies of Sponsor and its Affiliates. 
 “Subordinated Indebtedness” means any unsecured
Indebtedness of Parent or its Subsidiaries incurred from time to time that is subordinated in right of payment to the Obligations and (a) that is only guaranteed by the Guarantors, (b) that is not subject to any cash payments, scheduled
amortization, redemption, sinking fund or similar payment and does not have a final maturity, in each case, on or before the date that is six months after the Maturity Date, (c) that does 

  
 47 

 
not include any financial covenants or any covenant or agreement that is more restrictive or onerous on any Loan Party in any material respect than any comparable covenant in the Agreement,
(d) shall be limited to cross-payment default and cross-acceleration to designated “senior debt” (including the Obligations”), and (e) the terms and conditions of the subordination are reasonably acceptable to Agent. 

“Subsidiary” of a Person means a corporation, partnership, limited liability company, or other entity in which that Person
directly or indirectly owns or controls the Equity Interests having ordinary voting power to elect a majority of the Board of Directors of such corporation, partnership, limited liability company, or other entity. 

“Swing Loan Lender” means PNC or any other Lender that, at the request of Borrower and with the consent of Agent agrees, in
such Lender’s sole discretion, to become the Swing Loan Lender under Section 2.4) of the Agreement. 

“Swing Loans” has the meaning specified therefor in Section 2.4(a) of the Agreement. 

“Swing Loan Note” has the meaning specified in Section 2.4(a) of the Agreement. 

“Taxes” means any taxes, levies, imposts, duties, fees, assessments or other charges of whatever nature now or hereafter
imposed by any jurisdiction or by any political subdivision or taxing authority thereof or therein, and all interest, penalties or similar liabilities with respect thereto. 

“Tax Group” has the meaning specified therefor in Section 6.7(c) of the Agreement. 

“Tax Lender” has the meaning specified therefor in Section 14.2(a) of the Agreement. 

“Teckst Acquisition Agreement” shall mean the Asset Purchase Agreement, dated as of October 16, 2019, by and among
Borrower and Teckst, Inc., a Delaware corporation. 
 “Teckst Holdback” shall mean that unsecured obligation owing by
Borrower to Teckst Seller to make a holdback adjustment pursuant to the Teckst Acquisition Agreement, in an aggregate amount not to exceed $450,000.  

“Teckst Incentive Payment” shall mean that unsecured obligation owing by Borrower to management or any other employees, as
applicable, to make a management incentive payment pursuant to the Teckst Acquisition Agreement, in an aggregate amount not to exceed $1,000,000. 

“Teckst Seller” means Teckst, Inc., a Delaware corporation. 

“Term Loan” has the meaning specified therefor in Section 2.3 of the Agreement. 

  
 48 

 “Term Loan Commitment” means, with respect to each Lender, its Term Loan
Commitment, and, with respect to all Lenders, their Term Loan Commitments, in each case as such Dollar amounts are set forth beside such Lender’s name under the applicable heading on Schedule C-1 to the
Agreement and in case as may have been adjusted by an Assignment and Acceptance pursuant to which such Lender became a Lender, as such amounts may be reduced or increased from time to time pursuant to assignments made in accordance with the
provisions of Section 13.1 of the Agreement. 
 “Term Loan Exposure” means, with respect to any
Term Loan Lender, as of any date of determination (a) prior to the funding of the Third Amendment Term Loan, the amount of such Lender’s Term Loan Commitment, and (b) after the funding of the Third Amendment Term Loan, the outstanding
principal amount of the Term Loan held by such Lender. 
 “Term Loan Lender” means a Lender that has a Term Loan Commitment
or that has a portion of the Term Loan. 
 “Term Loan Note” has the meaning specified in
Section 2.3 of the Agreement. 
 “Term Loan Rate” means (a) with respect to portions of the
Term Loan that are Base Rate Loans, an interest rate per annum equal to the sum of the Applicable Base Rate Margin plus the Alternate Base Rate and (b) with respect to portions of the Term Loan that are LIBOR Rate Loans, an interest rate per
annum equal to the sum of the Applicable LIBOR Rate Margin plus the greater of (i) the LIBOR Rate and (ii) 1.00%. 

“Third Amendment” means that certain Third Amendment and Waiver to Credit Agreement, dated as of the Third Amendment
Effective Date. 
 “Third Amendment Disbursement Letter” means the letter executed by Borrower and delivered to
Agent on the Third Amendment Effective Date directing Agent to disburse the proceeds of the Third Amendment Term Loan as detailed therein. 

“Third Amendment Effective Date” has the meaning specified in the Third Amendment. 

“Third Amendment Term Loan” has the meaning specified in Section 2.3 hereof. 

“Trademark Security Agreement” has the meaning specified therefor in the Guaranty and Security Agreement. 

“Triggering Event” means the occurrence of (a) an exercise of remedies by Agent against all Collateral or a material
portion of the Collateral, (b) and during the continuation of an Event of Default under Section 8.1 of the Agreement with respect to any payment of (i) principal, (ii) interest, or (iii) other Obligations in
excess of $250,000 in the case of this subclause (b) until the payment underlying such Event of Default is paid, or (c) an Event of Default under Sections 8.4 or 8.5 of the Agreement. 

“TTM EBITDA” means, as of any date of determination, EBITDA of Parent determined on a consolidated basis in accordance with
GAAP, for the 12 month period most recently ended. 

  
 49 

 “Unfunded Capital Expenditures” means, as to Parent and its Subsidiaries on
a consolidated basis in accordance with GAAP, without duplication, Capital Expenditures funded (a) from the Parent’s and/or its Subsidiaries’ internally generated cash flow or (b) with the proceeds of a Revolving Loan, Letter of
Credit or Swing Loan. 
 “United States” means the United States of America. 

“Unused Line Fee” has the meaning specified therefor in Section 2.15(b) of the Agreement. 

“Voidable Transfer” has the meaning specified therefor in Section 17.8 of the Agreement. 

  
 50 

 Schedule 3.1 

The obligation of each Lender to make its initial extension of credit provided for in the Agreement is subject to the fulfillment, to the
satisfaction of each Lender (the making of such initial extension of credit by any Lender being conclusively deemed to be its satisfaction or waiver of the following), of each of the following conditions precedent: 

(a) Agent shall have received each of the following documents, in form and substance reasonably satisfactory to Agent and Lenders, duly
executed and delivered, and each such document shall be in full force and effect: 
 (i) a letter duly executed by Borrower and Parent
authorizing Agent and its agents (including legal counsel) to file appropriate financing statements in such office or offices as may be necessary or, in the opinion of Agent, desirable to perfect the security interests to be created by the Loan
Documents, 
 (ii) this Agreement, 

(iii) the Fee Letter, 
 (iv)
the Closing Date Disbursement Letter, 
 (v) the Guaranty and Security Agreement, 

(vi) the Intercompany Subordination Agreement, 

(vii) a Perfection Certificate, 

(viii) a letter, in form and substance reasonably satisfactory to Agent, from Wells Fargo Bank, National Association (in its capacity as
agent “Existing Agent”) and the lenders for whom it is acting as agent (collectively, the “Existing Lenders”) respecting the amount necessary to repay in full all of the obligations (other than unasserted contingent
indemnification obligations) of the Loan Parties owing under, or in connection with, the credit facility provided by Existing Lenders to Borrower and releasing all of the liens existing in favor of Existing Agent and/or the Existing Lenders in and
to the assets of the Loan Parties, together with termination statements and other documentation evidencing the termination by Existing Agent and/or Existing Lenders of their Liens in and to the properties and assets of the Loan Parties, 

(b) Agent shall have received a certificate from the Secretary of each Loan Party (i) attesting to the resolutions of such Loan
Party’s board of directors authorizing its execution, delivery, and performance of the Loan Documents to which it is a party, (ii) authorizing specific officers of such Loan Party to execute the same, and (iii) attesting to the
incumbency and signatures of such specific officers of such Loan Party; 
 (c) Agent shall have received copies of each Loan Party’s
Governing Documents, as amended, modified, or supplemented to the Closing Date, certified by the Secretary of such Loan Party; 

  
 Schedule 3.1 – Page
1 

 (d) Agent shall have received a certificate of status or compliance or the applicable
equivalent thereof with respect to each Loan Party, dated within 30 days of the Closing Date, such certificate to be issued by the appropriate officer of the jurisdiction of organization of such Loan Party, which certificate shall indicate that such
Loan Party is in good standing in such jurisdiction (to the extent the applicable jurisdiction provides such a certificate); 
 (e) Agent
shall have received certificates of status or compliance or the applicable equivalent thereof with respect to each Loan Party, each dated within 30 days of the Closing Date, such certificates to be issued by the appropriate officer of the
jurisdictions (other than the jurisdiction of organization of such Loan Party) in which its failure to be duly qualified or licensed would constitute a Material Adverse Effect, which certificates shall indicate that such Loan Party is in good
standing in such jurisdictions (to the extent the applicable jurisdiction provides such a certificate); 
 (f) Agent shall have received
legal opinions from counsel to each Loan Party in form and substance reasonably satisfactory to Agent; 
 (g) After giving effect to the
initial extensions of credit under the Agreement, the repayment of amounts owing to the Existing Lenders and the payment of all fees and expenses required to be paid by Borrower on the Closing Date under the Agreement or the other Loan Documents:
(i) no Revolving Loans shall be outstanding and (ii) Borrower shall have Qualified Cash of not less than $1,500,000; 
 (h)
Borrower shall have paid all Lender Group Expenses incurred in connection with the transactions evidenced by the Agreement and the other Loan Documents; 

(i) Agent shall have received true, correct, and complete copies of the Advisory Agreement, the other Material Contracts and such other
licenses, developer agreements, re-seller agreements and vendor supply agreements as Agent shall have reasonably requested at least five (5) Business Days prior to the Closing Date; 

(j) The final legal and capital structure of Parent and its Subsidiaries shall be acceptable to Agent, including, but not limited to,
Sponsor’s existing cash equity contribution in the Borrower of not less than $54,000,000; 
 (k) (i) No litigation, investigation
or proceeding before or by any arbitrator or Governmental Authority shall be continuing or threatened against any Loan Party or against the officers or directors of any Loan Party (A) in connection with the Agreement, the other Loan Documents,
or any of the transactions contemplated hereby or referenced herein which, in the reasonable opinion of Agent, is deemed material or (B) which could, in the reasonable opinion of Agent, have a Material Adverse Effect; and (ii) no
injunction, writ, restraining order or other order of any nature materially adverse to any Loan Party or the conduct of its business or inconsistent with the due consummation of the s shall have been issued by any Governmental Authority; 

  
 Schedule 3.1 – Page
2 

 (l) Each (i) Uniform Commercial Code financing statement and filing with the United
States Patent and Trademark Office and the United States Copyright Office required by this Agreement, any other Loan Document, or under applicable law requested by the Agent to be filed, registered or recorded in order to create, in favor of Agent,
a perfected security interest in or lien upon the Collateral subject thereto shall have been delivered to Agent in proper form for filing, registration or recordation in each jurisdiction in which the filing, registration or recordation thereof is
so required or requested by Agent together with payment of any necessary fee, tax or expense relating thereto and (ii) copies of stock certificates evidencing Collateral, together with copies of transfer powers executed in blank, and copies of
each promissory note constituting Collateral, together with copies of execute allonges, shall have been received by Agent or its counsel; 

(m) Agent shall have received, and been satisfied with its review of, a harvest scenario/recurring revenue valuation report and historical
churn analysis with respect to the Borrower and its Subsidiaries, performed by CTS Capital Advisors; 
 (n) Agent’s receipt and
satisfactory review of evidence that for the trailing 12 month period ending June 30, 2016 the Borrower has earnings before interest, taxes, depreciation and amortization of not less than $6,400,000; 

(o) Satisfactory receipt and review by Agent of a financial condition certificate in the form attached to the Agreement as Exhibit
3.1(o) attaching thereto (i) annual and interim historical financial statements for Parent and its Subsidiaries; (ii) quarterly consolidated projections for Parent and its Subsidiaries for the first 12 months following the Closing
Date; (iii) quarterly consolidated projections for Parent and its Subsidiaries for the 2nd through 5th years following the Closing Date; and (iv) a pro forma opening balance sheet, which shall, as applicable, reflect the final pro forma
capital structure of Parent and its Subsidiaries and demonstrate the Borrower’s ability to service the Obligations; 
 (p) The Loan
Parties shall be in compliance (i) in all respects with anti-terrorism laws, anti-money laundering and international trade laws and (ii) in all material respects with all other pertinent Federal, state, and local laws including, but not
limited to, Environmental Laws, the Federal Occupational Safety and Health Act and ERISA; 
 (q) Agent shall have received in form and
substance satisfactory to Agent in its Permitted Discretion, (i) evidence that adequate insurance, including without limitation, casualty and liability insurance, required to be maintained under the Agreement is in full force and effect,
(ii) insurance certificates issued by the Loan Parties’ insurance broker containing such information regarding the Loan Parties’ casualty and liability insurance policies as Agent shall request and naming Agent as an additional
insured, lenders loss payee and/or mortgagee, as applicable, and (iii) loss payable endorsements issued by the Loan Parties’ insurer naming Agent as lenders loss payee and mortgagee, as applicable; 

(r) Agent shall have received all information requested by Agent to complete all necessary “know your customer” regulatory
compliance checks and background checks, and the results thereof shall be satisfactory to Agent in its sole discretion; 
 (s) Borrower
shall have established the Funding Account; 
 (t) Since December 31, 2015, there has not occurred any Material Adverse Effect with
respect to Parent and its Subsidiaries; 

  
 Schedule 3.1 – Page
3 

 (u) No Default or Event of Default under the Loan Documents shall have occurred or shall
result from the making of the Loans and other extension of credit by Lenders; and 
 (v) All other documents and legal matters in connection
with the transactions contemplated by the Agreement shall have been delivered, executed, or recorded and shall be in form and substance reasonably satisfactory to Agent. 

  
 Schedule 3.1 – Page
4 

 Schedule 3.6 

(a) Within 3 Business Days after the Closing, Agent or its counsel shall have received original stock certificates evidencing Collateral,
together with original transfer powers executed in blank, and each original promissory note constituting Collateral, together with original execute allonges. 

(b) Within 90 days after the Closing Date, Agent shall have received duly executed Control Agreements with respect to each Deposit Account of
the Loan Parties maintained with any bank other than PNC (other than Excluded Deposit and Securities Accounts); provided that Loan Parties shall use commercially reasonable efforts to obtain such Control Agreements, or provide Agent with reasonably
satisfactory evidence of the closure of such accounts, prior to such 90th day. 
 (c) Borrower shall use commercially reasonable efforts to
deliver to Agent, within 60 days after the Closing Date, a landlord waiver in form and substance satisfactory to Agent duly executed by the landlord of the Borrower’s headquarters location. 

(d) Within 120 days after the Closing Date, Agent shall have received evidence reasonably satisfactory to Agent that the Loan Parties have
established policies and procedures that are sufficient to ensure compliance by the Loan Parties, their Subsidiaries and their respective directors, officers, employees and agents with Anti-Corruption Laws and applicable Sanctions. 

The time periods for all of the deliverables required in clauses (a) through (d) above may be extended as determined by Agent from time to time in its
sole discretion. 

  
 Schedule 3.6 – Page
1 

 Schedule 5.1 

Deliver to Agent, with copies to each Lender, each of the financial statements, reports, or other items set forth below at the following times
in form reasonably satisfactory to Agent: 
  

			
	within 30 days after the end of each month (other than months constituting the third month in any of Parent’s fiscal quarters) during each of Parent’s fiscal years,	  	 (a) an unaudited consolidated and consolidating balance sheet (including information thereon sufficient to identify capitalized software
expenses), income statement, statement of cash flow, and statement of Shareholder’s equity covering Parent’s and it Subsidiaries’ operations during such period, and

 
 (b) a Compliance Certificate along with a separate worksheet containing detailed
financial covenant calculations with respect to the applicable financial covenants set forth in Section 7 of the Agreement.

		
	within 45 days after the end of each of Parent’s fiscal quarters during each of Parent’s fiscal years,	  	 (c) an unaudited consolidated and consolidating balance sheet, income statement, statement of cash flow, and statement of shareholder’s
equity covering Parent’s and its Subsidiaries’ operations during such period and compared to the prior period and plan, together with a corresponding discussion and analysis of results from management (such management discussion &
analysis shall include a discussion of the number of new customer contracts executed in such period, and, to the extent available, shall include management’s estimate of the potential aggregate annual revenue to be contributed by such new
customer contracts), and
  
 (d) a Compliance Certificate along with a separate
worksheet containing detailed financial covenant calculations with respect to the applicable financial covenants set forth in Section 7 of the Agreement.

  
 Schedule 5.1 – Page
1 

			
	within 120 days after the end of each of Parent’s fiscal years ,	  	 (e) consolidated and consolidating financial statements of Parent and its Subsidiaries for each such fiscal year, audited by independent
certified public accountants reasonably acceptable to Agent (it being understood and agreed that Deloitte, Ernst & Young, KPMG, GrantThorton and PWC shall be acceptable to Agent) and certified, without any qualifications (including any
qualification as to (A) “going concern” or like qualification or exception, (B) qualification or exception as to the scope of such audit, or (C) qualification which relates to the treatment or classification of any item and
which, as a condition to the removal of such qualification, would require an adjustment to such item, the effect of which would be to cause any noncompliance with the provisions of Section 7 of the Agreement (provided, however, that it shall
not be a violation of the foregoing clause (A) if the report and opinion accompanying the financial statements for the fiscal year ending immediately prior to the Maturity Date is subject to a “going concern” or other qualification
solely as a result of such impending Maturity Date)), by such accountants to have been prepared in accordance with IFRS and without any explanation, supplemental comment, or other comment concerning the ability of the applicable Person to continue
as a going concern or concerning the scope of the audit (such audited financial statements to include a balance sheet, income statement, statement of cash flow, and statement of shareholder’s equity, and, if prepared, such accountants’
final letter to management),
  
 (f) Compliance Certificate along with a separate
worksheet containing detailed financial covenant calculations, and
  
 (g) a detailed
calculation of Excess Cash Flow.
  

	within 45 days after the start of each of Parent’s fiscal years,	  	(h) copies of Parent’s Projections, in form and substance (including as to scope and underlying assumptions) satisfactory to Agent, in its Permitted Discretion, for the forthcoming fiscal year, quarter by quarter, certified by
the chief financial officer of Parent as being such officer’s good faith estimate of the financial performance of Parent and its Subsidiaries during the period covered thereby (it being recognized by Agent and the Lenders that such Projections
and estimates as to future events are subject to significant uncertainties and contingencies, and although reflecting Parent’s good faith projections or forecasts based on methods and assumptions which Parent believes to be reasonable and data
which Parent believes to be accurate at the time such Projections were prepared, are not to be viewed as facts and that the actual results during the period or periods covered by any such Projections and estimates may differ materially from
projected or estimated results).

  
 Schedule 5.1 – Page
2 

			
	if and when filed by Parent,	  	 (i) Form 10-Q quarterly reports, Form 10-K annual reports,
and Form 8-K current reports, and
  
 (j) any
other filings made by Parent with the SEC.

		
	promptly, but in any event within 5 Business Days after any Loan Party has knowledge of any event or condition that constitutes an Event of Default,	  	(k) notice of such event or condition and a statement of the curative action that Borrower (or any other Loan Party) proposes to take with respect thereto.
		
	promptly after the commencement thereof, but in any event within 5 Business Days after the service of process with respect thereto on Parent or any of its Subsidiaries,	  	(l) notice of all actions, suits, or proceedings brought by or against Parent or any of its Subsidiaries before any Governmental Authority which reasonably could be expected to result in a Material Adverse Effect.
		
	promptly after the execution thereof, but in any event within 5 Business Days thereafter,	  	(m) copies of each Applicable Affiliate Document.
		
	promptly after the request of Agent,	  	(n) any other information reasonably requested relating to the financial condition of Parent or its Subsidiaries, except for (i) any information subject to a confidentiality agreement in favor of a third party (unless Agent has
executed a confidentiality agreement with respect thereto or such disclosure is otherwise permitted under such confidentiality agreement), and (ii) any information protected by attorney-client privilege or similar privilege, or attorney work
product.

  
 Schedule 5.1 – Page
3 

 Schedule 5.2 

Provide Agent, with copies to each Lender, with each of the documents set forth below at the following times in form reasonably satisfactory
to Agent: 
  

			
	Monthly (within 30 days (45 days in the case of a month that is the end of a fiscal quarter) after the end of each month)	  	 (a) a report summarizing the following (i) Recurring Revenues for the prior month, and (ii) Recurring Revenues for the trailing
twelve months, and
  
 (b) a detailed report regarding Parent’s and its
Subsidiaries’ cash and Cash Equivalents, including an indication of which accounts constitute Qualified Cash.

		
	Quarterly (no later than 45 days following the end of each fiscal quarter)	  	 (c) a schedule of the minimum monthly contract value by customer (which shall be for the last month of such quarter), and

 
 (d) attrition data for the prior fiscal quarter consistent with what was previously
provided.

		
	Annually (no later than 45 days following the end of each fiscal year)	  	 (f) a Perfection Certificate or a supplement to the Perfection Certificate setting forth any updates to the most recent Perfection
Certificate delivered to Agent not included in the IP Reporting Certificate, and
  
 (g)
an IP Reporting Certificate.

		
	Promptly upon request by Agent	  	 (h) such other financial reports, as Agent may reasonably request (it being acknowledged by Agent and Lenders that, so long as no Default or
Event of Default has occurred or is continuing, Agent’s and Lenders’ request for other financial reports shall be limited to those reports that are regularly prepared by Parent or its Subsidiaries) except for (i) any information
subject to a confidentiality agreement in favor of a third party (unless Agent has executed a confidentiality agreement with respect thereto or such disclosure is otherwise permitted under such confidentiality agreement), and (ii) any
information protected by attorney-client privilege or similar privilege, or attorney work product, and
  

(i) all documentation and other information that Agent or any Lender reasonably requests in order to comply with its ongoing obligations under applicable
“know your customer” and anti-money laundering rules and regulations, including the Patriot Act.

  
 Schedule 5.2 – Page
1Exhibit 10.1

  

   

  

   

  

  
    EXECUTION VERSION

    

    

    

    

    OMNIBUS AMENDMENT TO

    LOAN DOCUMENTS

    This OMNIBUS AMENDMENT TO LOAN DOCUMENTS (this “Amendment”) among SPECIAL VALUE CONTINUATION PARTNERS LLC, a
      Delaware limited liability company (the “Borrower”), 36TH STREET CAPITAL PARTNERS HOLDINGS, LLC, a Delaware limited liability company (“36th Street Capital Partners”), TCPC Funding I, LLC, a Delaware limited liability company (together with 36th Street Capital Partners, each a “Subsidiary Guarantor”), the Lenders party hereto (the “Existing Lenders”) and ING CAPITAL LLC, as Administrative Agent and Collateral Agent is made as of June 22, 2021
      with respect to (i) the Amended & Restated Senior Secured Revolving Credit Agreement, dated as of May 6, 2019 (as amended by Amendment No. 1 to Amended & Restated Senior Secured Revolving Credit Agreement, dated as of April 9, 2020, Amendment
      No. 2 to Amended & Restated Senior Secured Revolving Credit Agreement, dated as of April 17, 2020, Amendment No. 3 to Amended & Restated Senior Secured Revolving Credit Agreement, dated as of July 31, 2020, Amendment No. 4 to Amended &
      Restated Senior Secured Revolving Credit Agreement, dated as of January 22, 2021, and as further amended, restated, supplemented or otherwise modified from time to time prior to the date hereof, the “Existing Credit Agreement” and, as further
      amended, restated, supplemented or otherwise modified from time to time, the “Credit Agreement”), among the Borrower, each Subsidiary Guarantor, the Existing Lenders, the Administrative Agent and the Collateral Agent, and (ii) the second
      amended and restated lender letter, dated as of May 6, 2019, by and among each Existing Lender and the Borrower.  Capitalized terms not otherwise defined herein shall have the meanings ascribed to them in the Credit Agreement (as amended hereby).

    W I T N E S S E T H:

    WHEREAS, pursuant to the Existing Credit Agreement, the Existing Lenders have made certain loans and other extensions of
      credit to the Borrower (the “Existing Loans”); and

    WHEREAS, the Borrower has requested that the Lenders and the Administrative Agent amend certain provisions of the Existing
      Credit Agreement, including to extend the maturity date, and the Lenders signatory hereto and the Administrative Agent have agreed to do so on the terms and subject to the conditions contained in this Amendment.

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

    SECTION I  AMENDMENTS TO EXISTING CREDIT AGREEMENT

    Effective as of the Effective Date (as defined below), and subject to the terms and conditions set forth below, the
      Existing Credit Agreement is hereby amended as follows:

    (a)          The

        Existing Credit Agreement is hereby 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: doubled-underlined text) as set forth in the Credit Agreement attached hereto as Annex A.

    
      
        

        

      

      
        

      

    

    
    

    

    (b)          All

        Schedules and Exhibits to the Existing Credit Agreement are hereby amended to read as provided on Schedules and Exhibits attached hereto as Annex B.

    SECTION II  TERMINATION OF LENDER LETTER

    Effective as of the Effective Date (and, for the avoidance of doubt, only after receipt of all accrued but unpaid Facility Fees (as defined in the Lender Letter (as defined in the Existing Credit Agreement)) pursuant to Section 3.11), and subject to the terms and conditions set forth below, the Lender Letter is hereby
      terminated and shall be of no further force and effect.

    SECTION III  MISCELLANEOUS

    3.1.           Conditions to Effectiveness of
          Amendment.  This Amendment shall become effective as of the date (such date, the “Effective Date”) on which each of the following conditions precedent have been satisfied (unless a condition shall have been waived in accordance with
        Section 9.02 of the Credit Agreement):

    (a)          Documents.
        The Administrative Agent shall have received each of the following documents, each of which shall be reasonably satisfactory to the Administrative Agent (and to the extent specified below to each Lender) in form and substance:

    (1)          Executed
          Counterparts.  From each of the Lenders, the Administrative Agent and the Obligors, either (x) a counterpart of this Amendment signed on behalf of such party or (y) written evidence satisfactory to the Administrative Agent (which may include
        telecopy transmission or electronic mail of a signed signature page to this Amendment) that such party has signed a counterpart of this Amendment.

    (2)          Opinion of
          Counsel to the Borrower and each Subsidiary Guarantor. A favorable written opinion (addressed to the Administrative Agent and the Lenders and dated the Effective Date) of Elizabeth Greenwood, General Counsel of the Borrower and Skadden, Arps,
        Slate, Meagher & Flom LLP, counsel for the Borrower and each Subsidiary Guarantor, each in form and substance reasonably acceptable to the Administrative Agent and covering such matters as the Administrative Agent may reasonably request (and
        each of the Borrower and each Subsidiary Guarantor hereby instructs such counsel to deliver such opinion to the Lenders and the Administrative Agent).

    (3)          Officer’s
          Certificate. A certificate, dated as of the Effective Date and signed by a Financial Officer of the Borrower, with respect to certain matters described in Sections 3.1(b), (c), (d) and (g) of this Amendment.

    (4)          Corporate
          Documents. A certificate of the secretary or assistant secretary of each Obligor, dated the Effective Date, certifying that attached thereto are (v) true and complete copies of the Organization Documents of each such Obligor certified in each
        case as of a recent date by the appropriate governmental official, (w) signature and incumbency certificates of the officers of such Person executing this Amendment and the other Loan Documents to which it is a party, (x) true and complete
        resolutions of the Board of Directors of each Obligor approving and

    
      
        

        

      

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    authorizing the execution and delivery of this Amendment and the other Loan Documents to which it is a party or by which
      it or its assets may be bound as of the Effective Date and performance of the transactions contemplated hereby and thereby and, in the case of the Borrower, authorizing the borrowings under the Credit Agreement, and that such resolutions are in full
      force and effect without modification or amendment, (y) a good standing certificate from the applicable Governmental Authority of each Obligor’s jurisdiction of incorporation, organization or formation and in each jurisdiction in which it is
      qualified as a foreign corporation or other entity to do business, each dated a recent date prior to the Effective Date and (z) such other documents and certificates as the Administrative Agent or its counsel may reasonably request relating to the
      organization, existence and good standing of the Obligors and the authorization of the transactions contemplated hereunder, all in form and substance reasonably satisfactory to the Administrative Agent and its counsel.

    (5)          If, as of the
        Effective Date, the aggregate principal amount of any Lender’s Dollar Commitments or Multicurrency Commitments in effect immediately prior to the effectiveness of this Amendment is different from such Lender’s Dollar Commitments or Multicurrency
        Commitments immediately after giving effect to this Amendment, (x) a notice of prepayment (which may be in electronic form) dated on or prior to the Effective Date notifying the Administrative Agent of a prepayment in an aggregate principal amount
        equal to all Loans denominated in Dollars outstanding as of June 22, 2021, to be made on June 22, 2021, and (y) a signed Borrowing Request dated on or prior to the Effective Date requesting Borrowings denominated in Dollars in principal amounts
        equal to the Loans prepaid in accordance with the foregoing subclause (x), to be made on June 22, 2021.

    (b)          No

          Material Adverse Effect.  No information shall have become available which the Administrative Agent reasonably believes has had, or could reasonably be expected to have, a Material Adverse Effect.

    (c)          Default.
        No Default shall have occurred and be continuing under the Credit Agreement, nor any default or event of default that permits (or which upon notice, lapse of time or both, would permit) the acceleration of any Material Indebtedness, immediately
        before and after giving effect to the transactions contemplated hereunder, any incurrence of Indebtedness hereunder and the use of the proceeds hereof.

    (d)          Financial

          Covenants. The Borrower is in pro forma compliance with each of the covenants set forth in Sections 6.07(a) through (e) of the Credit Agreement (as amended hereby) and the Parent is in pro forma compliance with the covenant set forth in
        Section 6.07(f) of the Credit Agreement, in each case, at the time of the Effective Date.

    (e)          Liens. 

        The Administrative Agent shall have received results of a recent lien search in each relevant jurisdiction with respect to the Obligors, confirming the priority of the Liens in favor of the Collateral Agent created pursuant to the Security
        Documents and revealing no liens on any of the assets of the Borrower or its Subsidiaries except for Liens permitted under Section 6.02 of the Credit Agreement or Liens to be discharged on or prior to the Effective Date pursuant

    
      
        

        

      

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    to documentation satisfactory to the Administrative Agent.  The Administrative Agent shall have received results of a recent lien search in each relevant jurisdiction with respect to the Parent revealing no liens on the Equity Interests of the Borrower except for Liens to be discharged on
        or prior to the Effective Date pursuant to documentation satisfactory to the Administrative Agent.  All UCC financing statements, control agreements, stock certificates and other documents or instruments required to be filed or executed and
      delivered in order to create in favor of the Collateral Agent, for the benefit of the Administrative Agent and the Lenders, a first-priority perfected (subject to Eligible Liens) security interest in the Collateral (to the extent that such a security
      interest may be perfected by filing, possession or control under the Uniform Commercial Code) shall have been properly filed (or provided to the Administrative Agent) or executed and delivered in each jurisdiction required.

    (f)          Consents. 

        The Borrower shall have obtained and delivered to the Administrative Agent certified copies of all consents, approvals, authorizations, registrations, or filings  (other than any filing required under the
        Exchange Act or the rules or regulations promulgated thereunder, including any filing required on Form 8-K) required to be made or obtained by the Borrower and all guarantors (including each Subsidiary Guarantor) in connection with this Amendment
        and any other evidence reasonably requested by, and reasonably satisfactory to, the Administrative Agent as to compliance with all material legal and regulatory requirements applicable to the Obligors, and such consents, approvals, authorizations,
        registrations, filings and orders shall be in full force and effect and all applicable waiting periods shall have expired and no investigation or inquiry by any Governmental Authority regarding this Amendment or any transaction being financed with
        the proceeds of the Loans shall be ongoing.

    (g)          No

          Litigation.  There shall not exist any action, suit, investigation, litigation or proceeding or other legal or regulatory developments pending or, to the knowledge of any Tennenbaum Party, threatened in any court or before any arbitrator or
        Governmental Authority (including any SEC investigation) that relates to the transactions contemplated hereby or that could reasonably be expected to have a Material Adverse Effect.

    (h)          Solvency

          Certificate.  On the Effective Date, the Administrative Agent shall have received a solvency certificate (which certificate may be combined with the certificate set forth in Section 3.1(a)(3)) of a Financial Officer of the Borrower
        dated as of the Effective Date and addressed to the Administrative Agent and the Lenders, and in form, scope and substance reasonably satisfactory to Administrative Agent, with appropriate attachments and demonstrating that both before and after
        giving effect to this Amendment and the transactions contemplated hereby, (1) the Borrower will be Solvent on an unconsolidated basis and (2) each Obligor will be Solvent on a consolidated basis with the other Obligors.

    (i)          USA

          PATRIOT Act.  The Administrative Agent and each Lender shall have received all documentation and other information required by bank regulatory authorities under applicable “know your customer” and anti-money laundering rules and regulations,
        including the USA PATRIOT Act, as requested by the Administrative Agent or any Lender.

    (j)          Beneficial

          Ownership Regulation.  The Administrative Agent and the Lenders shall have received, to the extent the Borrower qualifies as a “legal entity customer” under the

    
      
        

        

      

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    Beneficial Ownership Regulation, prior to the Effective Date, a Beneficial Ownership Certification.

    (k)          Fees

          and Expenses.  To the extent not paid pursuant to Section 9.03 of the Credit Agreement, the Borrower shall have paid in full to the Administrative Agent and the Lenders
        all fees and expenses (including reasonable legal fees to the extent invoiced) related to this Amendment and the Credit Agreement owing on or prior to the Effective Date, including any amendment fee due to any Lender on the Effective Date.

    3.2.          Representations and Warranties. 

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

    (a)          
        This Amendment has been duly authorized, executed and delivered by the Borrower and each Subsidiary Guarantor, and constitutes a legal, valid and binding obligation of the Borrower and each Subsidiary Guarantor enforceable in accordance with its
        terms, except as such enforceability may be limited by (1) bankruptcy, insolvency, reorganization, moratorium or similar laws of general applicability affecting the enforcement of creditors’ rights and (2) the application of general principles of
        equity (regardless of whether such enforceability is considered in a proceeding in equity or at law). The Credit Agreement, as amended by this Amendment, constitutes the legal, valid and binding obligation of the Borrower enforceable in accordance
        with its respective terms, except as such enforceability may be limited by (x) bankruptcy, insolvency, reorganization, moratorium or similar laws of general applicability affecting the enforcement of creditors’ rights and (y) the application of
        general principles of equity (regardless of whether such enforceability is considered in a proceeding in equity or at law).

    (b)          Each

        of the representations and warranties set forth in this Amendment, the Credit Agreement and each other Loan Document is true and correct in all material respects (other than any representation or warranty already qualified by materiality or
        Material Adverse Effect, which is true and correct in all respects) on and as of the Effective Date or as to any such representations and warranties that refer to a specific date, as of such specific date.

    (c)          No

        Default has occurred and is continuing under the Credit Agreement, nor any default or event of default that permits (or which upon notice, lapse of time or both, would permit) the acceleration of any Material Indebtedness, immediately before and
        after giving effect to the transactions contemplated hereunder, any incurrence of Indebtedness hereunder and the use of proceeds hereof.

    3.3.          Counterparts.  This Amendment
        may be executed in counterparts (and by different parties hereto on different counterparts), each of which shall constitute an original, but all of which when taken together shall constitute a single contract. This Amendment constitutes the entire
        contract between and among the parties relating to the subject matter hereof and supersedes any and all previous agreements and understandings, oral or written, relating to the subject matter hereof. This Amendment shall become effective as
        provided in Section 3.1, and thereafter shall be binding upon and inure to the benefit of the parties thereto and the respective successors and assigns as permitted

    
      
        

        

      

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    under the Credit Agreement.  Delivery of an executed counterpart of this Amendment by telecopy or electronic mail shall be effective as
      delivery of a manually executed counterpart of this Amendment.

    3.4.          Payment of Expenses.  The
        Borrower agrees to pay and reimburse the Administrative Agent for all of its reasonable and documented out-of-pocket costs and expenses incurred in connection with this Amendment, including, without limitation, the reasonable fees, charges and
        disbursements of legal counsel to the Administrative Agent (but excluding, for the avoidance of doubt, the allocated costs of internal counsel), in each case solely to the extent the Borrower is otherwise required to do so pursuant to Section 9.03
        of the Credit Agreement.

    3.5.          GOVERNING LAW.  THIS
        AMENDMENT SHALL BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE LAW OF THE STATE OF NEW YORK.

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

    3.7.          Incorporation of Certain
          Provisions.  The provisions of Sections 9.01, 9.03, 9.07, 9.09, 9.12 and 9.13 of the Credit Agreement are hereby incorporated by reference mutatis mutandis as if fully set forth herein.

    3.8.          Effect of Amendment.  This
        Amendment is not intended by the parties to be, and shall not be construed to be, a novation of the Existing Credit Agreement, the Guarantee and Security Agreement or any other Loan Document or an accord and satisfaction in regard thereto. Except
        as expressly set forth herein, this Amendment shall not by implication or otherwise limit, impair, constitute a waiver of, or otherwise affect the rights and remedies of the Lenders, the Administrative Agent, the Collateral Agent, the Borrower or
        any Subsidiary Guarantor under the Existing Credit Agreement or any other Loan Document, and, except as expressly set forth herein, shall not alter, modify, amend or in any way affect any of the other terms, conditions, obligations, covenants or
        agreements contained in the Existing Credit Agreement or any other Loan Document, all of which are ratified and affirmed in all respects and shall continue in full force and effect. Nothing herein shall be deemed to entitle any Person to a consent
        to, or a waiver, amendment, modification or other change of, any of the terms, conditions, obligations, covenants or agreements contained in the Existing Credit Agreement or any other Loan Document in similar or different circumstances. This
        Amendment shall apply and be effective only with respect to the provisions amended herein of the Existing Credit Agreement. Upon the effectiveness of this Amendment, each reference in the Credit Agreement to “this Agreement,” “hereunder,” “hereof,”
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    words of similar import shall mean and be a reference to the Credit Agreement as amended by this Amendment and each reference in any other
      Loan Document shall mean the Credit Agreement as amended hereby. This Amendment shall constitute a Loan Document.

    3.9.          Consent and Affirmation. 
        Without limiting the generality of the foregoing, by its execution hereof, each of the Borrower and each Subsidiary Guarantor hereby to the extent applicable as of the Effective Date (a) consents to this Amendment and the transactions contemplated
        hereby, (b) agrees that the Guarantee and Security Agreement and each of the other Security Documents is in full force and effect, (c) confirms its guarantee (solely in the case of a Subsidiary Guarantor) and affirms its obligations under the Loan
        Documents and confirms its grant of a security interest in its assets as Collateral for the Secured Obligations (as defined in the Guarantee and Security Agreement), and (d) acknowledges and affirms that such guarantee and/or grant, as applicable,
        is in full force and effect in respect of, and to secure, the Secured Obligations (as defined in the Guarantee and Security Agreement).

    3.10.          Release.  Each of the
        Borrower and the other Obligors hereby acknowledges and agrees that: (a) neither it nor any of its Affiliates has any claim or cause of action against the Administrative Agent, the Collateral Agent or any Lender (or any of their respective
        Affiliates, officers, directors, employees, attorneys, consultants or agents) under the Credit Agreement and the other Loan Documents (and each other document entered into in connection therewith) in connection with the subject matter of this
        Amendment, and (b) the Administrative Agent, the Collateral Agent and each Lender has heretofore properly performed and satisfied in a timely manner all of its obligations to the Obligors and their Affiliates under the Credit Agreement and the
        other Loan Documents (and each other document entered into in connection therewith) that are required to have been performed on or prior to the date hereof in connection with the subject matter of this Amendment.  Accordingly, for and in
        consideration of the agreements contained in this Amendment and other good and valuable consideration, each of the Borrower and the other Obligors (for itself and its Affiliates and the successors, assigns, heirs and representatives of each of the
        foregoing) (collectively, the “Releasors”) does hereby fully, finally, unconditionally and irrevocably release and forever discharge the Administrative Agent, the Collateral Agent, each Lender and each of their respective Affiliates,
        officers, directors, employees, attorneys, consultants and agents (collectively, the “Released Parties”) from any and all debts, claims, obligations, damages, costs, attorneys’ fees, suits, demands, liabilities, actions, proceedings and
        causes of action, in each case, whether known or unknown, contingent or fixed, direct or indirect, and of whatever nature or description, and whether in law or in equity, under contract, tort, statute or otherwise, which any Releasor has heretofore
        had or now or hereafter can, shall or may have against any Released Party by reason of any act, omission or thing whatsoever done or omitted to be done on or prior to the date hereof directly arising out of, connected with or related to in
        connection with the subject matter of this Amendment, or any act, event or transaction related or attendant thereto, or the agreements of the Administrative Agent, the Collateral Agent or any Lender contained herein.

    3.11.          Effective Date Adjustments. 
        If, as of the Effective Date, the aggregate principal amount of any Lender’s Dollar Commitments or Multicurrency Commitments in effect immediately prior to the effectiveness of this Amendment is different from such Lender’s Dollar Commitments or
        Multicurrency Commitments immediately after giving effect to this Amendment, (a) on June 22, 2021, (A) with respect to Existing Loans denominated in Dollars, (i) the Borrower shall prepay

    
      
        

        

      

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    such Existing Loans (if any) in full, including all accrued but unpaid interest relating to such Existing Loans as of such date (calculated
      at the rate set forth in the Existing Credit Agreement and as if this Amendment had not yet been given effect) and (ii) the Borrower shall simultaneously borrow new Loans denominated in Dollars under the Credit
      Agreement in an amount equal to such prepayment (plus the amount of any additional borrowings that may have been requested by the Borrower at such time); provided that with respect to subclauses (i) and (ii), (x) the prepayment to, and borrowing
      from, any Existing Lender may be effected by book entry to the extent that any portion of the amount prepaid to such Existing Lender will be subsequently borrowed from such Existing Lender and (y) the Lenders shall make and receive payments among
      themselves, in a manner acceptable to the Administrative Agent, so that, after giving effect thereto, the Loans denominated in Dollars are held ratably by the Lenders in accordance with the respective Commitments of such Lenders (as set forth in Schedule

        1.01(b) immediately after giving effect to this Amendment), (B) with respect to Existing Loans denominated in any Agreed Foreign Currency, the Multicurrency Lenders shall make and receive payments among themselves, in a manner acceptable to the
      Administrative Agent, so that, after giving effect thereto, the Loans denominated in each Agreed Foreign Currency are held ratably by the Multicurrency Lenders in accordance with the respective Commitments of such Multicurrency Lenders (as set forth
      in Schedule 1.01(b) immediately after giving effect to this Amendment), and (C) the Borrower shall pay (i) all accrued but unpaid commitment fees relating to the Loans as of such date (calculated at the rate set forth in the Existing Credit
      Agreement and as if this Amendment had not yet been given effect), (ii) in full to the Administrative Agent and the Lenders (I) all accrued but unpaid fees (including all accrued but unpaid Facility Fees (as defined in the Lender Letter (as defined in the Existing Credit Agreement)) relating to the Loans as of June 22, 2021 (in each case, calculated at the rate set forth in the Existing Credit Agreement and as if this Amendment had not yet been given effect), (II) all fees required to be paid on the
      Effective Date under that certain second amended and restated fee letter, dated as of the Effective Date, by and between the Borrower and the Administrative Agent and (III) to the extent not paid pursuant to Section 3.1(l) of this Amendment
      or Section 2.09 or Section 9.03 of the Credit Agreement, all fees, expenses (including reasonable legal fees to the extent invoiced) and interest owing related to this Amendment and the Credit Agreement owing on or prior to June 22,
      2021 (in each case, calculated at the rate set forth in the Existing Credit Agreement and as if this Amendment had not yet been given effect), and (b) pursuant to the terms
      and conditions set forth therein, pay to the Existing Lenders the amounts, if any, payable under Section 2.13 of the Existing Credit Agreement as a result of such prepayment. Each of the Existing Lenders hereby consents to the non-pro rata
      payments described in this Section 3.11 and confirms receipt of sufficient notice of borrowing and prepayment pursuant to Sections 2.03(a) and 2.08(f) under the Credit Agreement.  If, as of the Effective Date, the aggregate
      principal amount of each Lender’s Dollar Commitments and Multicurrency Commitments in effect immediately prior to the effectiveness of this Amendment are the same as such Lender’s Dollar Commitments and Multicurrency Commitments immediately after
      giving effect to this Amendment, the Borrower shall pay in full to the Administrative Agent and the Lenders (a) all accrued but unpaid Facility
        Fees (as defined in the Lender Letter (as defined in the Existing Credit Agreement)) relating to the Loans as of June 22, 2021 (in each case, calculated at the rate set forth in the Existing Credit
      Agreement and as if this Amendment had not yet been given effect), (b) all fees required to be paid on the Effective Date under that certain second amended and restated fee letter, dated as of the Effective
      Date, by and between the Borrower and the Administrative Agent and (c) to the extent not paid pursuant to Section 3.1(l) of this Amendment or Section 2.09 or

    
      
        

        

      

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    Section 9.03 of the Credit Agreement, all fees, expenses (including reasonable legal fees to the extent invoiced) and interest owing
      related to this Amendment and the Credit Agreement owing on or prior to June 22, 2021 (in each case, calculated at the rate set forth in the Existing Credit Agreement and as if this
        Amendment had not yet been given effect).

    [Signature pages follow]

    

    

    

    

    
      
        

        

      

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

    

    

    	 	
            SPECIAL VALUE CONTINUATION PARTNERS LLC, as Borrower

          
	 	 	 	 
	 	
            By:

          	
            BlackRock TCP Capital Corp.

          	 
	 	
            Its:

          	
            Sole Member

          	 
	 	 	 	 
	 	
            By:

          	
            /s/ Howard Levkowitz

          	 
	 	 	
            Name: Howard Levkowitz

          	 
	 	 	
            Title: Chief Executive Officer

          	 
	 	 	 	 
	 	 	 	 
	 	
            36TH STREET CAPITAL PARTNERS HOLDINGS, LLC, as a Subsidiary Guarantor

          
	 	 	 	 
	 	
            By:

          	
            Special Value Continuation Partners LLC

          	 
	 	
            Its:

          	
            Sole Member

          	 
	 	 	 	 
	 	
            By:

          	
            BlackRock TCP Capital Corp.

          	 
	 	
            Its:

          	
            Sole Member

          	 
	 	 	 	 
	 	
            By:

          	
            /s/ Howard Levkowitz

          	 
	 	 	
            Name: Howard Levkowitz

          	 
	 	 	
            Title: Chief Executive Officer

          	 
	 	 	 	 
	 	 	 	 
	 	
            TCPC FUNDING I, LLC, as a Subsidiary Guarantor

          
	 	 	 	 
	 	
            By:

          	
            /s/ Howard Levkowitz

          	 
	 	 	
            Name: Howard Levkowitz

          	 
	 	 	
            Title: Chief Executive Officer

          	 
	 	 	 	 

    

    

    

    

    

    

    

    

    [Signature Page to the Omnibus Amendment to Loan Documents]

    

    

    

    

    
      
        

        

      

      
        

      
        

        

      

    

    

    

    

    

    	 	
            ING CAPITAL LLC, as Administrative Agent and a Lender

          
	 	 	 	 
	 	
            By:

          	
            /s/ Patrick Frisch

          	 
	 	 	
            Name: Patrick Frisch

          	 
	 	 	
            Title: Managing Director

          	 
	 	 	 	 
	 	
            By:

          	
            /s/ Dominik Breuer

          	 
	 	 	
            Name: Dominik Breuer

          	 
	 	 	
            Title: Director

          	 
	 	 	 	 

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    [Signature Page to the Omnibus Amendment to Loan Documents]

    

    

    

    

    
      
        

        

      

      
        

      
        

        

      

    

    

    

    	 	
            STATE STREET BANK AND TRUST COMPANY, as a Lender

          
	 	 	 	 
	 	
            By:

          	
            /s/ John Doherty

          	 
	 	 	
            Name: John Doherty

          	 
	 	 	
            Title: Vice President

          	 

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    [Signature Page to the Omnibus Amendment to Loan Documents]

    

    

    

    

    
      
        

        

      

      
        

      
        

        

      

    

    

    

    	 	
            CITY NATIONAL BANK, N.A., as a Lender

          
	 	 	 	 
	 	
            By:

          	
            /s/ Marc D. Galindo

          	 
	 	 	
            Name: Marc D. Galindo

          	 
	 	 	
            Title: Duly Authorized Signatory

          	 

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    [Signature Page to the Omnibus Amendment to Loan Documents]

    

    

    

    

    
      
        

        

      

      
        

      
        

        

      

    

    

    

    	 	
            STIFEL BANK AND TRUST, as a Lender

          
	 	 	 	 
	 	
            By:

          	
            /s/ Joseph L. Sooter, Jr.

          	 
	 	 	
            Name: Joseph L. Sooter, Jr.

          	 
	 	 	
            Title: Senior Vice President

          	 

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    [Signature Page to the Omnibus Amendment to Loan Documents]

    

    

    

    

    
      
        

        

      

      
        

      
        

        

      

    

    

    

    

    

    	 	
            BANK OF AMERICA, N.A., as a Lender

          
	 	 	 	 
	 	
            By:

          	
            /s/ Sidhima Dakura

          	 
	 	 	
            Name: Sidhima Dakura

          	 
	 	 	
            Title: Vice President

          	 

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    [Signature Page to the Omnibus Amendment to Loan Documents]

    

    

    

    

    
      
        

        

      

      
        

      
        

        

      

    

    

    

    	 	
            SUMITOMO MITSUI BANKING CORPORATION, as a Lender

          
	 	 	 	 
	 	
            By:

          	
            /s/ Shane Klein

          	 
	 	 	
            Name: Shane Klein

          	 
	 	 	
            Title: Managing Director

          	 

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    [Signature Page to the Omnibus Amendment to Loan Documents]

    

    

    

    

    
      
        

        

      

      
        

      
        

        

      

    

    

    

    	 	
            MUFG UNION BANK, N.A.,

            as a Lender

          
	 	 	 	 
	 	
            By:

          	
            /s/ Samuel Azizo

          	 
	 	 	
            Name: Samuel Azizo

          	 
	 	 	
            Title: Managing Director

          	 

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

    

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    ANNEX A

    

    

    See attached.

    

    

    

    

    

    

    
      
        

        

        

        

      

      
        

      
        

        

      

    

    
      
        

        

      

      

      

      

      

      
        

        

        

      

      

      

      AMENDED & RESTATED SENIOR SECURED

        REVOLVING CREDIT AGREEMENT

      

      

      dated as of

      

      

      May 6, 2019

      

      

      and

      

      

      as amended by Amendment No. 1 to Amended & Restated Senior Secured Revolving Credit Agreement, dated as of April 9, 2020, as amended by Amendment No. 2 to Amended
        & Restated Senior Secured Revolving Credit Agreement, dated as of April 17, 2020, as amended by Amendment No. 3 to Amended & Restated Senior Secured Revolving Credit Agreement, dated as of July 31, 2020, and

          as amended by Amendment No. 4 to Amended & Restated Senior Secured Revolving Credit Agreement, dated as of January 22, 2021, and as amended by Omnibus
            Amendment to Amended & Restated Senior Secured Revolving Credit Agreement, dated as of June 22, 2021

      

      

      among

      

      

      SPECIAL VALUE CONTINUATION PARTNERS LLC

      as Borrower

      

      

      The LENDERS Party Hereto

      

      

      and

      

      

      ING CAPITAL LLC

        as Administrative Agent,

      Arranger and Bookrunner

      
        

        

      

      

      

      

      

      
        
          

          

        

        
          

        
          

          

        

      

      
      TABLE OF CONTENTS

      Page

      ARTICLE I

        

        

        DEFINITIONS

      	
              SECTION 1.01.

            	
              Defined Terms

            	
              1

            
	
              SECTION 1.02.

            	
              Classification of Loans and Borrowings

            	
              4045

            
	
              SECTION 1.03.

            	
              Terms Generally

            	
              4046

            
	
              SECTION 1.04.

            	
              Accounting Terms; GAAP

            	
              4146

            
	
              SECTION 1.05.

            	
              Interest Rates; LIBO Screen Rate
                    Notification

            	
              4247

            
	
              SECTION 1.06.

            	
              Issuers

            	
              4248

            
	
              SECTION 1.07.

            	
              Currencies Generally

            	
              4248

            
	
              SECTION 1.08.

            	
              Special Provisions Relating to Euro

            	
              4248

            

      ARTICLE II

        

        

        THE CREDITS

      	
              SECTION 2.01.

            	
              The Commitments

            	
              4349

            
	
              SECTION 2.02.

            	
              Loans and Borrowings

            	
              4450

            
	
              SECTION 2.03.

            	
              Requests for Borrowings

            	
              4551

            
	
              SECTION 2.04.

            	
              Funding of Borrowings

            	
              4652

            
	
              SECTION 2.05.

            	
              Interest Elections

            	
              4753

            
	
              SECTION 2.06.

            	
              Termination, Reduction or Increase of the Commitments

            	
              4854

            
	
              SECTION 2.07.

            	
              Repayment of Loans; Evidence of Debt

            	
              5259

            
	
              SECTION 2.08.

            	
              Prepayment of Loans

            	
              5460

            
	
              SECTION 2.09.

            	
              Fees

            	
              5864

            
	
              SECTION 2.10.

            	
              Interest

            	
              5965

            
	
              SECTION 2.11.

            	
              Eurocurrency Borrowing Provisions

            	
              6066

            
	
              SECTION 2.12.

            	
              Increased Costs

            	
              6370

            
	
              SECTION 2.13.

            	
              Break Funding Payments

            	
              6471

            
	
              SECTION 2.14.

            	
              Taxes

            	
              6472

            
	
              SECTION 2.15.

            	
              Payments Generally; Pro Rata Treatment: Sharing of Set-offs

            	
              6977

            
	
              SECTION 2.16.

            	
              Defaulting Lenders

            	
              7280

            
	
              SECTION 2.17.

            	
              Mitigation Obligations; Replacement of Lenders

            	
              7281

            
	
              SECTION 2.18.

            	
              Reallocations Related to Non-Extending Lender Commitment Reductions

            	
              7282

            

      ARTICLE III

        

        

        REPRESENTATIONS AND WARRANTIES

      	
              SECTION 3.01.

            	
              Organization; Powers

            	
              7483

            

      

      

      
        
          

          

        

        i

        
          

        
          

          

          

          

        

      

      

      

      	
              SECTION 3.02.

            	
              Authorization; Enforceability

            	
              7483

            
	
              SECTION 3.03.

            	
              Governmental Approvals; No Conflicts

            	
              7583

            
	
              SECTION 3.04.

            	
              Financial Condition; No Material Adverse Effect

            	
              7584

            
	
              SECTION 3.05.

            	
              Litigation.

            	
              7685

            
	
              SECTION 3.06.

            	
              Compliance with Laws and Agreements.

            	
              7685

            
	
              SECTION 3.07.

            	
              Taxes.

            	
              7685

            
	
              SECTION 3.08.

            	
              ERISA.

            	
              7785

            
	
              SECTION 3.09.

            	
              Disclosure.

            	
              7887

            
	
              SECTION 3.10.

            	
              Investment Company Act; Margin Regulations.

            	
              7988

            
	
              SECTION 3.11.

            	
              Material Agreements and Liens

            	
              7988

            
	
              SECTION 3.12.

            	
              Subsidiaries and Investments.

            	
              8089

            
	
              SECTION 3.13.

            	
              Properties

            	
              8089

            
	
              SECTION 3.14.

            	
              Solvency

            	
              8089

            
	
              SECTION 3.15.

            	
              No Default.

            	
              8089

            
	
              SECTION 3.16.

            	
              Use of Proceeds.

            	
              8189

            
	
              SECTION 3.17.

            	
              Security Documents.

            	
              8190

            
	
              SECTION 3.18.

            	
              Financing Subsidiaries

            	
              8190

            
	
              SECTION 3.19.

            	
              Affiliate Agreements.

            	
              8190

            
	
              SECTION 3.20.

            	
              Compliance with Sanctions.

            	
              8190

            
	
              SECTION 3.21.

            	
              Anti-Money Laundering Program

            	
              8291

            
	
              SECTION 3.22.

            	
              Beneficial Ownership Certification.

            	
              8291

            
	
              SECTION 3.23.

            	
              Foreign Corrupt Practices Act.

            	
              8291

            
	
              SECTION 3.24.

            	
              Affected Financial Institution.

            	
              8291

            

      ARTICLE IV

        

        

        CONDITIONS

      	
              SECTION 4.01.

            	
              Restatement Effective Date

            	
              8392

            
	
              SECTION 4.02.

            	
              Conditions to Each Credit Extension

            	
              8695

            

      ARTICLE V

        

        

        AFFIRMATIVE COVENANTS

      	
              SECTION 5.01.

            	
              Financial Statements and Other Information

            	
              8796

            
	
              SECTION 5.02.

            	
              Notices of Material Events

            	
              91100

            
	
              SECTION 5.03.

            	
              Existence; Conduct of Business

            	
              92101

            
	
              SECTION 5.04.

            	
              Payment of Obligations

            	
              92101

            
	
              SECTION 5.05.

            	
              Maintenance of Properties; Insurance

            	
              92102

            
	
              SECTION 5.06.

            	
              Books and Records; Inspection and Audit Rights

            	
              93102

            
	
              SECTION 5.07.

            	
              Compliance with Laws and Agreements

            	
              93103

            
	
              SECTION 5.08.

            	
              Certain Obligations Respecting Subsidiaries; Further Assurances

            	
              94103

            
	
              SECTION 5.09.

            	
              Use of Proceeds

            	
              97106

            
	
              SECTION 5.10.

            	
              Status of RIC and BDC

            	
              98107

            
	
              SECTION 5.11.

            	
              Investment Policies

            	
              98107

            
	
              SECTION 5.12.

            	
              Portfolio Valuation and Diversification Etc.

            	
              98107

            

      

      

      
        
          

          

        

        ii

        
          

        
          

          

          

          

        

      

      

      

      	
              SECTION 5.13.

            	
              Calculation of Borrowing Base

            	
              104113

            
	
              SECTION 5.14.

            	
              Taxes

            	
              116125

            
	
              SECTION 5.15.

            	
              Anti-Hoarding of Assets at Financing Subsidiaries

            	
              117126

            

      ARTICLE VI

        

        

        NEGATIVE COVENANTS

      	
              SECTION 6.01.

            	
              Indebtedness

            	
              117126

            
	
              SECTION 6.02.

            	
              Liens

            	
              118127

            
	
              SECTION 6.03.

            	
              Fundamental Changes

            	
              119128

            
	
              SECTION 6.04.

            	
              Investments

            	
              121130

            
	
              SECTION 6.05.

            	
              Restricted Payments

            	
              122131

            
	
              SECTION 6.06.

            	
              Certain Restrictions on Subsidiaries

            	
              123132

            
	
              SECTION 6.07.

            	
              Certain Financial Covenants

            	
              123132

            
	
              SECTION 6.08.

            	
              Transactions with Affiliates

            	
              124133

            
	
              SECTION 6.09.

            	
              Lines of Business

            	
              124133

            
	
              SECTION 6.10.

            	
              No Further Negative Pledge

            	
              125133

            
	
              SECTION 6.11.

            	
              Modifications of Indebtedness and Affiliate Agreements.

            	
              125134

            
	
              SECTION 6.12.

            	
              Payments of Indebtedness

            	
              125134

            
	
              SECTION 6.13.

            	
              Modification of Investment Policies

            	
              125134

            
	
              SECTION 6.14.

            	
              SBIC Guarantee.

            	
              125134

            
	
              SECTION 6.15.

            	
              Derivative Transactions

            	
              126135

            
	
              SECTION 6.16.

            	
              Parent Holding Company

            	
              126135

            
	
              SECTION 6.17.

            	
              ERISA Plan Assets

            	
              135

            

      ARTICLE VII

        

        

        EVENTS OF DEFAULT

      	
              SECTION 7.01.

            	
              Events of Default

            	
              126135

            
	
              SECTION 7.02.

            	
              Performance by the Administrative Agent

            	
              139

            

      ARTICLE VIII

        

        

        THE ADMINISTRATIVE AGENTAGENTS

      	
              SECTION 8.01.

            	
              Appointment

            	
              130140

            
	
              SECTION 8.02.

            	
              Capacity as Lender

            	
              131140

            
	
              SECTION 8.03.

            	
              Limitation of Duties; Exculpation

            	
              131141

            
	
              SECTION 8.04.

            	
              Reliance

            	
              132141

            
	
              SECTION 8.05.

            	
              Sub-Agents

            	
              132142

            
	
              SECTION 8.06.

            	
              Resignation; Successor Administrative Agent

            	
              132142

            
	
              SECTION 8.07.

            	
              Reliance by Lenders

            	
              133143

            
	
              SECTION 8.08.

            	
              Modifications to Loan Documents

            	
              133143

            
	
              SECTION 8.09.

            	
              Indemnification by Lenders

            	
              143

            

      

      

      
        
          

          

        

        iii

        
          

        
          

          

          

          

        

      

      

      

      	
              SECTION 8.098.10.

            	
              Certain ERISA Matters.

            	
              133144

            
	
              SECTION 8.108.11.

            	
              Arranger and Bookrunner

            	
              135145

            
	
              SECTION 8.118.12.

            	
              Collateral Matters

            	
              135145

            
	
              SECTION 8.13.

            	
              Third Party Beneficiaries

            	
              146

            
	
              SECTION 8.14.

            	
              Administrative Agent May File Proofs of Claim

            	
              146

            
	
              SECTION 8.128.15.

            	
              Credit Bidding

            	
              136147

            
	
              SECTION 8.16.

            	
              Non-Extending Lenders

            	
              148

            
	
              SECTION 8.17.

            	
              Non-Receipt of Funds by Administrative Agent; Erroneous Payments

            	
              148

            

      ARTICLE IX

        

        

        MISCELLANEOUS

      	
              SECTION 9.01.

            	
              Notices; Electronic Communications

            	
              137151

            
	
              SECTION 9.02.

            	
              Waivers; Amendments

            	
              141154

            
	
              SECTION 9.03.

            	
              Expenses; Indemnity; Damage Waiver

            	
              144157

            
	
              SECTION 9.04.

            	
              Successors and Assigns

            	
              146160

            
	
              SECTION 9.05.

            	
              Survival

            	
              151164

            
	
              SECTION 9.06.

            	
              Counterparts; Integration; Effectiveness; Electronic Execution

            	
              151165

            
	
              SECTION 9.07.

            	
              Severability

            	
              152165

            
	
              SECTION 9.08.

            	
              Right of Set-off

            	
              152165

            
	
              SECTION 9.09.

            	
              Governing Law; Jurisdiction; Etc.

            	
              152166

            
	
              SECTION 9.10.

            	
              WAIVER OF JURY TRIAL

            	
              153167

            
	
              SECTION 9.11.

            	
              Judgment Currency

            	
              153167

            
	
              SECTION 9.12.

            	
              Headings

            	
              154167

            
	
              SECTION 9.13.

            	
              Treatment of Certain Information; Confidentiality

            	
              154168

            
	
              SECTION 9.14.

            	
              USA PATRIOT Act

            	
              155169

            
	
              SECTION 9.15.

            	
              Termination

            	
              155169

            
	
              SECTION 9.16.

            	
              Acknowledgment and Consent to Bail-In of Affected Financial Institutions

            	
              155169

            
	
              SECTION 9.17.

            	
              Interest Rate Limitation

            	
              156170

            
	
              SECTION 9.18.

            	
              Acknowledgment Regarding Any Supported QFCs

            	
              156170

            
	
              SECTION 9.19.

            	
              Amendment and Restatement

            	
              157171

            

      

      

      

      

      	
              SCHEDULE 1.01(a)

            	
              -

            	
              Approved Dealers and Approved Pricing Services

            
	
              SCHEDULE 1.01(b)

            	
              -

            	
              Commitments

            
	
              SCHEDULE 1.01(c)

            	
              -

            	
              [Intentionally Omitted]

            
	
              SCHEDULE 1.01(d)

            	
              -

            	
              Eligibility Criteria

            
	
              SCHEDULE 1.01(e)

            	
              -

            	
              Industry Classification Groups

            
	
              SCHEDULE 3.08(c)

            	
              -

            	
              Unfunded Pension Liabilities

            
	
              SCHEDULE 3.11(a)

            	
              -

            	
              Material Agreements

            
	
              SCHEDULE 3.11(b)

            	
              -

            	
              Liens

            

      

      

      
        
          

          

        

        iv

        
          

        
          

          

          

          

        

      

      

      

      	
              SCHEDULE 3.12(a)

            	
              -

            	
              Subsidiaries

            
	
              SCHEDULE 3.12(b)

            	
              -

            	
              Investments

            
	
              SCHEDULE 6.08

            	
              -

            	
              Certain Affiliate Transactions

            

      

      

      	
              EXHIBIT A

            	
              -

            	
              Form of Assignment and Assumption

            
	
              EXHIBIT B

            	
              -

            	
              Form of Borrowing Base Certificate

            
	
              EXHIBIT C

            	
              -

            	
              Form of Promissory Note

            
	
              EXHIBIT D

            	
              -

            	
              Form of Borrowing Request

            

      

      

      

      

      
        
          

          

        

        v

        
          

        
          

          

          

          

        

      

      AMENDED & RESTATED SENIOR SECURED REVOLVING CREDIT AGREEMENT dated as of May 6, 2019 (this “Agreement”), among
        SPECIAL VALUE CONTINUATION PARTNERS LLC, a Delaware limited liability company (the “Borrower”), the LENDERS party hereto, and ING CAPITAL LLC, as Administrative Agent.

      WHEREAS, the Borrower and the Administrative Agent entered into that certain Senior Secured Revolving Credit Agreement, dated
        as of the Original Effective Date (as amended by Amendment No. 1 to Senior Secured Revolving Credit Agreement, dated as of June 19, 2018, as further amended by Amendment No. 2 to Senior Secured Revolving Credit Agreement, dated as of November 2,
        2018, and as further amended, restated, supplemented, or otherwise modified from time to time prior to the Restatement Effective Date, the “Existing Credit Agreement”) with the lenders party thereto from time to time (the “Existing
          Lenders”), pursuant to which the Existing Lenders extended certain commitments and made certain loans to the Borrower (the “Existing Loans”);

      WHEREAS, the Borrower desires to amend and restate the Existing Credit Agreement and to make certain changes, including to
        increase the size of the commitments thereunder and to extend the maturity date; and

      WHEREAS, each Person identified as an “Increasing Lender” on the signature pages hereto wishes to
          increase its commitment under the Credit Agreement; and

      WHEREAS, the Existing Lenders are willing to make such changes to the Existing Credit Agreement upon the terms and subject to
        the conditions set forth herein.

      NOW, THEREFORE, in consideration of the premises and the covenants and agreements contained herein, the parties hereto hereby
        agree that, effective as of the Restatement Effective Date, the Existing Credit Agreement is hereby amended and restated in its entirety as follows:

      ARTICLE I          

          

          

          DEFINITIONS

      SECTION 1.01.          Defined Terms. 

          As used in this Agreement, the following terms have the meanings specified below and the terms defined in Section 5.13 have the meanings assigned thereto in such section:

      “2022 Convertible Notes” means the convertible

            senior unsecured notes due March 1, 2022 issued by Parent in an aggregate principal amount not to exceed $140,000,000March 2022 Convertible Notes and the August
            2022 Notes.

      “2022 Convertible Notes Refinancing Contribution Date” means the date on which
          the Borrower receives a Refinancing Contribution in connection with refinancing the 2022 Convertible Notes.

      
        
          

          

        

        
          

        
          

          

          

          

        

      

      
      “2022 Convertible Notes Refinancing Distribution Period” means the period commencing on
        the 2022 Convertible Notes Refinancing Contribution DateFebruary 9, 2021 and ending on the later of the March 2022 Convertible Notes Termination Date and the August 2022 Notes Termination Date.

      

      

      “2022 Convertible Notes Termination Date” means the earlier of (i) March 1,
          2022 and (ii) the date on which the 2022 Convertible Notes are terminated (whether by way of the conversion of the 2022 Convertible Notes, the payment in full of the 2022 Convertible Notes, any other purchase, redemption, retirement or other
          acquisition for value of the 2022 Convertible Notes, the setting apart for a sinking, defeasance or other analogous fund for the purchase, redemption, retirement or other acquisition of the 2022 Convertible Notes, or otherwise).

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

      “Adjusted Borrowing Base” means the Borrowing Base minus the aggregate amount of Cash and Cash Equivalents
        included in the Borrowing Base.

      “Adjusted Covered Debt Balance” means, on any date, the aggregate Covered Debt Amount on such date minus the
        aggregate amount of Cash and Cash Equivalents included in the Borrowing Base.

      “Adjusted LIBO Rate” means, for the Interest Period for any Eurocurrency Borrowing denominated in Dollars, an interest rate per annum (rounded upwards, if necessary, to the next 1/100 of 1%) equal to the greater of (i) (a) the LIBO Rate for Dollars for such Interest Period multiplied by (b) the Statutory Reserve Rate for such Interest Period and (ii) zero.

      “Administrative Agent” means ING, in its capacity as administrative agent for the Lenders hereunder, and its successors
        in such capacity as provided in Section 8.06.

      “Administrative Agent’s Account” means, for each Currency, an account in respect of such Currency designated by the
        Administrative Agent in a notice to the Borrower and the Lenders.

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

      “Advance Rate” has the meaning assigned to such term in Section 5.13.

      “Advisor” means Tennenbaum Capital Partners, LLC, a Delaware limited liability company, or another investment advisor
        reasonably satisfactory to the Administrative Agent and approved by the Required Lenders.

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

      
        
          

          

        

        2

        
          

        
          

          

          

          

        

      

      “Affiliate” means, with respect to a specified Person, another Person that directly, or indirectly through one or more
        intermediaries, Controls or is Controlled by or is under common Control with the Person specified.  Anything herein to the contrary notwithstanding, the term “Affiliate” of an Obligor shall not include any Person that constitutes a Portfolio
        Investment held by such Obligor in the ordinary course of business.  In no event shall the Administrative Agent, the Collateral Agent or any Lender be deemed an Affiliate of Parent, the Borrower or any of their Subsidiaries as a result of their
        relationship under this Agreement.

      “Affiliate Agreements” means collectively, (a) (i) the Investment Management Agreement, dated as of August 1, 2018,
        between the Borrower and the Advisor, (ii) the Investment Management Agreement, dated as of May 15, 2013, between TCPC Funding I, LLC and the Advisor, (iii) the Amended and Restated Investment Management Agreement, dated as of February 9, 2019,
        between the Parent and the Advisor and (iv) the Investment Advisory Agreement, dated as of February 20, 2013, between TCPC SBIC, LP, TCPC SBIC GP, LLC and the Advisor, and (b) (i) the Administration Agreement, dated as of April 2, 2012, between the
        Borrower and SVOF/MM, LLC, and (ii) the SVOF/MM, LLC Series H Addendum, as amended and restated as of January 1, 2017.

      “Affiliate Investment” means any Investment in a Person in which any of the Tennenbaum Parties or any of their
        respective subsidiaries or affiliates owns or controls more than 25% of the Equity Interests.  For the avoidance of doubt, if an Investment satisfies this definition of “Affiliate Investment”, such Investment (a) shall not qualify as any other
        category of Portfolio Investment and (b) shall not be included in the Borrowing Base.

      “Agency Account” has the meaning assigned to such term in Section 5.08(c)(v).

      “Agent” means, collectively, the Administrative Agent and the Collateral Agent.

      “Agreed Foreign Currency” means, at any time, any of Canadian Dollars, Euros, Pounds Sterling, AUD, NZD and, with the
        prior consent of each Multicurrency Lender, any other Foreign Currency, so long as, in respect of any such Foreign Currency, at such time (a) such Foreign Currency is dealt with in the London interbank deposit market, or, in the case of AUD or NZD,
        the relevant local market for obtaining quotations, (b) such Foreign Currency is freely transferable and convertible into Dollars in the London foreign exchange market and (c) no central bank or other governmental authorization in the country of
        issue of such Foreign Currency (including, in the case of the EuroEuros, any authorization by the European Central
        Bank) is required to permit use of such Foreign Currency by any Multicurrency Lender for making any Loan hereunder and/or to permit the Borrower to borrow and repay the principal thereof and to pay the interest thereon, unless such authorization
        has been obtained and is in full force and effect.

      “Agreement” has the meaning assigned to such term in the preamble of this Agreement.

      “Alternate Base Rate” means, for any day, a rate per annum equal to the greatest of (a) the Prime Rate in effect on such
        day, (b) the Federal Funds Effective Rate for such day plus 1/2 of 1%, (c) the Adjusted LIBO Rate for deposits in Dollars for a period of three (3) months (taking into
            account any LIBO Rate floor under the definition of “Adjusted LIBO Rate”) plus 1%

      
        
          

          

        

        3

        
          

        
          

          

          

          

        

      

      and (d) zero. Any change in the Alternate Base Rate due to a change in the Prime Rate, the Federal Funds Effective Rate or suchthe Adjusted LIBO Rate shall be effective from and including the effective date of such change in the Prime Rate, the Federal
        Funds Effective Rate, or suchthe Adjusted LIBO Rate, as the case may be.  If the Alternate Base Rate is being used as an alternate rate of interest pursuant to Section 2.11(c), then the Alternate Base Rate shall be the greatest of clauses (a), (b) and (d) above and shall be
            determined without reference to clause (c) above.

      “Anti-Corruption Laws” has the meaning assigned to such term in Section 3.23.

      “Applicable Dollar Percentage” means, with respect to any Dollar Lender, the percentage of the total Dollar Commitments
        represented by such Dollar Lender’s Dollar Commitment.  If the Dollar Commitments have terminated or expired, the Applicable Dollar Percentage shall be determined based upon the Dollar Commitments most recently in effect, giving effect to any
        assignments pursuant to Section 9.04(b); provided that, for the avoidance of doubt, on and after the Non-Extended Revolver Termination Date, the Applicable Dollar Percentage of such Non-Extending Lender that is a Dollar Lender shall
        be 0%.

      “Applicable Margin” means, (afor any day, (a) if the Borrowing Base (as of the most recently delivered Borrowing Base Certificate) is equal to or greater than 1.85 times the Combined Debt Amount, (i) with respect
            to any ABR Loan, 0.75% per annum and (ii) with respect to any Eurocurrency Loan or RFR Loan, 1.75% per annum, and (b) if the Borrowing Base (as of the most recently delivered Borrowing Base Certificate) is less than 1.85 times the Combined Debt
            Amount, (i) with respect to any ABR Loan, 1.00% per annum;  and (bii) with respect to any Eurocurrency Loan or RFR Loan, 2.00% per annum. Any change in the Applicable Margin due to a change in the ratio of the Borrowing Base to the Combined Debt Amount as set forth
            in any Borrowing Base Certificate shall be effective from and including the day immediately succeeding the date of delivery of such Borrowing Base Certificate; provided that if any Borrowing Base Certificate has not been delivered in accordance
            with Section 5.01(f), then from and including the day immediately succeeding the date on which such Borrowing Base Certificate was required to be delivered, the Applicable Margin shall be the Applicable Margin set forth in clause (b) above to
            and including the date on which the required Borrowing Base Certificate is delivered.

      “Applicable Multicurrency Percentage” means, with respect to any Multicurrency Lender, the percentage of the total
        Multicurrency Commitments represented by such Multicurrency Lender’s Multicurrency Commitment.  If the Multicurrency Commitments have terminated or expired, the Applicable Multicurrency Percentage shall be determined based upon the Multicurrency
        Commitments most recently in effect, giving effect to any assignments pursuant to Section 9.04(b); provided that, for the avoidance of doubt, on and after the Non-Extended Revolver Termination Date, the Applicable Multicurrency
        Percentage of such Non-Extending Lender that is a Multicurrency Lender shall be 0%.

      “Applicable Parties” has the meaning assigned to such term in Section 9.01(c).

      “Applicable Percentage” means, with respect to any Lender, the percentage of the total Commitments represented by such
        Lender’s Commitments.  If the Commitments have terminated or expired in full, the Applicable Percentages shall be determined based upon the Commitments most recently in
        effect, giving effect to any assignments pursuant to Section 9.04(b);

      
        
          

          

        

        4

        
          

        
          

          

          

          

        

      

      provided that, for the avoidance of doubt, on and after the Non-Extended Revolver Termination Date, the Applicable Percentage of such
        Non-Extending Lender shall be 0%.

      “Approved Dealer” means (a) in the case of any Eligible Portfolio Investment that is not a U.S. Government Security, a
        bank or a broker-dealer registered under the Exchange Act of nationally recognized standing or an Affiliate thereof as set forth on Schedule 1.01(a), (b) in the case of a U.S. Government Security, any primary dealer in U.S. Government
        Securities as set forth on Schedule 1.01(a), or (c) any other bank or broker-dealer acceptable to the Administrative Agent in its reasonable determination.

      “Approved Electronic Platform” has the meaning assigned to such term in Section 9.01(c).

      “Approved Pricing Service” means (a) a pricing or quotation service as set forth in Schedule 1.01(a) or (b) any
        other pricing or quotation service (i) approved by the Board of Directors of the Parent, (ii) designated in writing by the Borrower to the Administrative Agent (which designation shall be accompanied by a copy of a resolution of the Board of
        Directors that such pricing or quotation service has been approved by the Parent), and (iii) acceptable to the Administrative Agent in its reasonable determination.

      “Approved Third-Party Appraiser” means any Independent nationally recognized third-party appraisal firm (a) designated
        by the Borrower in writing to the Administrative Agent (which designation shall be accompanied by a copy of a resolution of the Board of Directors of the Parent, that such firm has been approved by the Borrower and the Parent for purposes of
        assisting the Board of Directors in making valuations of portfolio assets to determine the Borrower’s and the Parent’s compliance with the applicable provisions of the Investment Company Act) and (b) acceptable to the Administrative Agent in its
        reasonable determination; provided that, if any proposed appraiser requests or requires a non-reliance letter, confidentiality agreement or similar agreement prior to allowing the Administrative Agent to review any written valuation report,
        such Person shall only be deemed an Approved Third-Party Appraiser if the Administrative Agent and such Approved Third-Party Appraiser shall have entered into such a letter or agreement.  Subject to the foregoing, it is understood and agreed that,
        so long as the same are independent third party appraisal firms approved by the Board of Directors of the Parent, Stout Risius Ross, LLC, Houlihan Lokey, Duff & Phelps, Murray, Devine and Company, Lincoln Advisors and Valuation Research
        Corporation are acceptable to the Administrative Agent solely to the extent they are not serving as the Independent Valuation Provider.

      “Asset Coverage Ratio (Borrower)” means, on a consolidated basis for the Borrower and its Subsidiaries, the ratio which
        the value of total assets, less all liabilities (including all Unfunded Pension Liabilities) and indebtedness not represented by Senior Securities, bears to the aggregate amount of Senior Securities representing indebtedness of the Borrower and its
        Subsidiaries (all as determined pursuant to the Investment Company Act as though the Borrower had elected to be regulated as a “business development company” (regardless of whether the Borrower is then registered as an “investment company”
        thereunder) and any orders of the SEC issued to the Borrower thereunder, in each case, as in effect on the Omnibus Amendment Effective Date but excluding the effects of SEC Release
            No. 33837/April 8, 2020).  For clarity, the calculation of the Asset Coverage Ratio (Borrower) shall be made in accordance with any

      
        
          

          

        

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      exemptive order issued by the SEC under Section 6(c) of the Investment Company Act relating to the exclusion of any Indebtedness of any SBIC
        Subsidiary from the definition of Senior Securities only so long as (a) such order is in effect, (b) no obligations have become due and owing pursuant to the terms of any Permitted SBIC Guarantee and (c) such Indebtedness is owed to the SBA.  For
        the avoidance of doubt, the outstanding utilized notional amount of any total return swap less the value of the margin posted by the Borrower or any of its Subsidiaries thereunder at such time shall be treated as a Senior Security for the purpose
        of calculating the Asset Coverage Ratio (Borrower).

      “Asset Coverage Ratio (Parent)” means, on a consolidated basis for the Parent and its Subsidiaries, the ratio which the
        value of total assets, less all liabilities (including all Unfunded Pension Liabilities) and indebtedness not represented by Senior Securities, bears to the aggregate amount of Senior Securities representing indebtedness of the Parent and its
        Subsidiaries (all as determined pursuant to the Investment Company Act and any orders of the SEC issued to the Parent thereunder, in each case, as in effect on the Omnibus Amendment
            Effective Date but excluding the effects of SEC Release No. 33837/April 8, 2020).  For clarity, the calculation of the Asset Coverage Ratio (Parent) shall be made in accordance with any exemptive order issued by the SEC under
        Section 6(c) of the Investment Company Act relating to the exclusion of any Indebtedness of any SBIC Subsidiary from the definition of Senior Securities only so long as (a) such order is in effect, (b) no obligations have become due and owing
        pursuant to the terms of any Permitted SBIC Guarantee and (c) such Indebtedness is owed to the SBA.  For the avoidance of doubt, the outstanding utilized notional amount of any total return swap less the value of the margin posted by the Borrower
        or any of its Subsidiaries thereunder at such time shall be treated as a Senior Security for the purpose of calculating the Asset Coverage Ratio (Parent).

      “Asset Sale” means a sale, lease or sublease (as lessor or sublessor), sale and leaseback, assignment, conveyance,
        transfer or other disposition to, or any exchange of property with, any Person, in one transaction or a series of transactions, of all or any part of any Obligor’s assets or properties of any kind, whether real, personal, or mixed and whether
        tangible or intangible, whether now owned or hereafter acquired; provided, however, the term “Asset Sale” as used in this Agreement shall not include the disposition of Portfolio Investments originated by an Obligor and immediately
        transferred to a Financing Subsidiary pursuant to the terms of Section 6.03(e) hereof.

      “Assignment and Assumption” means an Assignment and Assumption entered into by a Lender and an assignee (with the
        consent of any party whose consent is required by Section 9.04(b)), and accepted by the Administrative Agent as provided in Section 9.04, in the form of Exhibit A or any other form approved by the Administrative Agent.

      “Assuming Lender” has the meaning assigned to such term in Section 2.06(e)(i).

      “AUD” and “A$” denote the lawful currency of The Commonwealth of Australia.

      “AUD Bank Bill Reference Rate” means, with respect to any Interest Period, (a) the average bid reference rate as
        administered by the Australian Financial Markets Association (or any other Person that takes over the administration of thatsuch
        rate) for AUD bills of exchange with a tenor equal to such Interest Period, displayed on page BBSY of the Reuters screen (or, in the event such rate does not appear on such Reuters page, on any successor or substitute page on

      
        
          

          

        

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      such screen that displays such rate, or on the appropriate page of such other information service that publishes such rate from time to time as
        selected by the Administrative Agent in its reasonable discretion) at or about 11:00 a.m. (Sydney, Australia time) on the day that is two (2) Business Days prior to the first day of such Interest Period (or if such Interest Period is not equal to a
        number of months, for a term equivalent to the number of months closest to such Interest Period), provided that, if the rate determined in accordance with this clause (a) shall be less than zero, such rate shall be deemed to be zero for
        purposes of this clause (a) (the “AUD Screen Rate”), plus (b) 0.20%.

      “AUD Screen Rate” has the meaning assigned to such term in the definition
          of “AUD Bank Bill Reference Rate.”

      “August 2022 Notes” means the senior unsecured notes due August 11, 2022 issued by Parent in an
          aggregate principal amount not to exceed $175,000,000.

      

      

      “August 2022 Notes Termination Date” means the earlier of (i) August 11,
          2022 and (ii) the date on which the August 2022 Notes are terminated (whether by way of the payment in full of the August 2022 Notes, any other purchase, redemption, retirement or other acquisition for value of the August 2022 Notes, the setting
          apart for a sinking, defeasance or other analogous fund for the purchase, redemption, retirement or other acquisition of the August 2022 Notes, or otherwise).

      “Availability Period” means (a) in the case of any Extending Lender (with respect to such Extending Lender’s Extended
        Loans), the Extended Availability Period or (b) in the case of any Non-Extending Lender (with respect to such Non-Extending Lender’s Non-Extended Loans), the Non-Extended Availability Period.

      “Available Tenor” means, as of any date of determination and with respect to the then-current
          Benchmark, as applicable, (x) if the then-current Benchmark is a term rate, any tenor for such Benchmark that is or may be used for determining the length of an Interest Period or (y) otherwise, any payment period for interest calculated with
          reference to such Benchmark, as applicable, pursuant to this Agreement as of such date.

      

      

      “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).

      
        
          

          

        

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      “Bankruptcy Code” means Title 11 of the United States Code entitled “Bankruptcy,” as in effect from time to time, or any
        successor statute.

      “Benchmark” means, initially, with respect to (a) Pounds Sterling, the Daily Simple RFR, and (b) any other Currency, the applicable Relevant Rate; provided that if a replacement of the Benchmark has occurred pursuant to
          Section 2.11(c), then “Benchmark” means the applicable Benchmark Replacement to the extent that such Benchmark Replacement has replaced such prior benchmark rate.  Any reference to “Benchmark” shall include, as applicable, the published component
          used in the calculation thereof.

      “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 the LIBO Rate for 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” means, for any Available Tenor:

      “Benchmark Replacement Adjustment” means, with respect to any replacement of the 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 the 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 the LIBO Rate with the applicable Unadjusted Benchmark Replacement for syndicated credit facilities at such time.

      	

            	(1)	
              For purposes of clause (i)(A) of Section 2.11(c), the first alternative set forth in the order below that can be determined by
                  the Administrative Agent; provided that, in the case of any Loan denominated in an Agreed Foreign Currency, “Benchmark Replacement” shall mean the alternative set forth in clause (2) below:

            

      

      

      	

            	(a)	
              in the case of any Eurocurrency Borrowing denominated in Dollars, the sum of: (i) Term SOFR and (ii) the spread adjustment
                  selected or recommended by the Relevant Governmental Body for the replacement of the tenor of the LIBO Rate with a SOFR-based rate having approximately the same length as the interest payment period specified in clause (i)(A) of Section
                  2.11(c); and

            

      

      

      	

            	(b)	
              in the case of any Eurocurrency Borrowing denominated in Dollars, the sum of: (i) Daily Simple SOFR and (ii) the spread
                  adjustment selected or recommended by the Relevant Governmental Body for the replacement of the tenor of the LIBO Rate with a SOFR-based rate having approximately the same length as the interest payment period specified in clause (i)(A)
                  of Section 2.11(c).

            

      

      

      
        
          

          

        

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            	(2)	
              For purposes of clause (i)(B) of Section 2.11(c), the sum of: (a) the alternate benchmark rate and (b) an adjustment (which may
                  be a positive or negative value or zero), in each case, that has been selected by the Administrative Agent and the Borrower as the replacement for such Available Tenor of such Benchmark giving due
                  consideration to any evolving or then-prevailing market convention, including any applicable recommendations made by the Relevant Governmental Body, for  syndicated credit facilities denominated in the applicable Currency at such time;

            

      

      

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

      

      

      “Benchmark Replacement Conforming Changes” means, with respect to any Benchmark Replacement or the Daily Simple RFR, any technical, administrative or operational
          changes (including changes to the definition of “ABRAlternate Base Rate,” the definition of “Business Day,” the definition of “Interest Period,” timing and frequency of determining rates and making payments of interest and other, timing of borrowing requests or prepayment, conversion or continuation notices, the applicability and length of lookback periods, the applicability of breakage provisions, the formula for calculating any
            successor rates identified pursuant to the definition of “Benchmark Replacement” or “Daily Simple RFR” and other technical, administrative or operational matters) that the Administrative Agent, in consultation with the Borrower, decides may be appropriate to
          reflect the adoption and implementation of such Benchmark Replacement or Daily Simple RFR 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 thesuch
          Benchmark Replacement or Daily Simple RFR exists, in such other manner of administration as the Administrative Agent decides is
          reasonably necessary in connection with the administration of this Agreement and the other Loan Documents).

      “Benchmark Replacement Date” means the earlier to occur of the following events with respect to the
          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
          the LIBO Rate permanently or indefinitely ceases to provide the 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.

      “Benchmark Transition Event” means the occurrence of one or more of the following events, with respect to theany then-current Benchmark other than the Adjusted LIBO Rate: (1) for any Eurocurrency Borrowing denominated in Dollars, the occurrence of a public statement or publication of information by or on behalf of the administrator of the LIBO Ratethen-current

            Benchmark, the regulatory supervisor for the administrator of such Benchmark, the Board, the Federal Reserve Bank of New York, an insolvency official with jurisdiction over the administrator for such Benchmark, a resolution authority with
            jurisdiction over the administrator for such Benchmark or a court or an entity with similar insolvency or resolution authority over the administrator for such Benchmark, announcing or stating that (a) such
          administrator has ceased or will cease on a specified date to provide the LIBO Rateall Available Tenors of such Benchmark,

      
        
          

          

        

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      permanently or indefinitely,; provided that, at the time of such statement or publication, there is no successor administrator that will continue to provide the

            LIBO Rate; (2) a public statement or publication of information by the regulatory supervisor for the administrator of the LIBO Rate, the U.S. Federal Reserve System, an insolvency official with jurisdiction over the administrator for the LIBO
            Rate, a resolution authority with jurisdiction over the administrator for the LIBO Rate or a court or an entity with similar insolvency or resolution authority over the administrator for the LIBO Rate, which states that the administrator of the
            LIBO Rate has ceased or will cease to provide the 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 the LIBO Rate; or (3) a
            public statement or publication of information by the regulatory supervisor for the administrator of the LIBO Rate announcing that the LIBO Rate is no longer representative. any Available Tenor of such Benchmark or (b) all Available Tenors of such Benchmark are or will no longer be representative of the underlying market and economic reality that such Benchmark is intended to
            measure and that representativeness will not be restored.

      “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 90th 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 90 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 the LIBO Rate and solely to the extent that the 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 the LIBO Rate for all purposes hereunder in accordance with Section 2.11(c) and (y) ending at the time that a Benchmark Replacement has replaced the LIBO Rate for all purposes hereunder pursuant to Section
          2.11(c).

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

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

      “Benefit Plan” has the meaning assigned to such term in Section 8.09.

      “BlackRock Parent” means BlackRock, Inc.

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

      “Board of Directors” means, with respect to any Person, (a) in the case of any corporation, the board of directors of
        such Person, (b) in the case of any limited liability company, the board of managers (or the equivalent) of such Person, or if there is none, the Board of Directors of the managing member of such Person, (c) in the case of any partnership, the
        Board of Directors

      
        
          

          

        

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      (or the equivalent) of the general partner of such Person and (d) in any other case, the functional equivalent of the foregoing.

      “Borrower” has the meaning assigned to such term in the preamble to this Agreement.

      “Borrower External Unquoted Value” has the meaning assigned to such term in Section 5.12(b)(ii)(B)(y).

      “Borrower Tested Assets” has the meaning assigned to such term in Section 5.12(b)(ii)(B)(y).

      “Borrowing” means Loans of the same Type made, converted or continued on the same date and, in the case of Eurocurrency
        Loans, that or RFR Loans, as applicable, that are denominated in the same Currency and have the same Interest
        Period.

      “Borrowing Base” has the meaning assigned to such term in Section 5.13.

      “Borrowing Base Certificate” means a certificate of a Financial Officer of the Borrower, substantially in the form of Exhibit

          B and appropriately completed.

      “Borrowing Base Deficiency” means, at any date on which the same is determined, the amount, if any, that (a) the
        aggregate Covered Debt Amount as of such date exceeds (b) the Borrowing Base as of such date.

      “Borrowing Request” means a request by the Borrower for a Borrowing in accordance with Section 2.03,
        substantially in the form of Exhibit D hereto or such other form as is reasonably satisfactory to the Administrative Agent.

      “Business Day” means any day (a) that is not a Saturday, Sunday or other day on which commercial banks in New York City
        are authorized or required by law to remain closed, (b) if such day relates to a borrowing of, a payment or prepayment of principal of or interest on, a continuation or conversion of or into, or the Interest Period for, a Eurocurrency Borrowing, 
        denominated in Dollars or to a notice by the Borrower with respect to any such borrowing, payment, prepayment, continuation, conversion, or Interest Period, that is also a day on which dealings in deposits denominated in Dollars are carried out in
        the London interbank market and, (c) if such day relates to a borrowing of, a payment or prepayment of principal of
        or interest on, a continuation or conversion of or into, or the Interest Period for, any Borrowing denominated in any Foreign Currency, or to a notice by the Borrower with respect to any such borrowing, continuation, conversion, payment, prepayment
        or Interest Period, that is also a day on which commercial banks and the London foreign exchange market settle payments in the Principal Financial Center for such Foreign Currency., (d) if such day relates to a borrowing of, a payment or prepayment of principal of or interest on, a continuation or conversion of or into, or the Interest Period for, any Borrowing
            denominated in Euros, or to a notice by the Borrower with respect to any such borrowing, continuation, conversion, payment, prepayment or Interest Period, that is also a day on which the TARGET2 payment system is open for the settlement of
            payments in Euros and (e) when used in relation to RFR Loans or any interest rate settings, fundings, disbursements, settlements or payments of any such RFR Loan, or any other dealings in the applicable Currency

      
        
          

          

        

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      of such RFR Loan, the term “Business Day” shall also exclude any day that is not an RFR
          Business Day.

      “CAM Exchange” means the exchange of the Lenders’ interests provided for in Section 7.01.

      “CAM Exchange Date” means the first date on which there shall occur (a) an event referred to in Section 7.01(h)
        or (i) or (b) an acceleration of Loans pursuant to Section 7.01.

      “CAM Percentage” means, as to each Lender, a fraction, expressed as a decimal, of which (a) the numerator shall be the
        aggregate Dollar Equivalent of the Designated Obligations owed to such Lender (whether or not at the time due and payable) immediately prior to the CAM Exchange Date and (b) the denominator shall be the aggregate Dollar Equivalent amount of the
        Designated Obligations owed to all the Lenders (whether or not at the time due and payable) immediately prior to the CAM Exchange Date.

      “Canadian Dollar” means the lawful money of Canada.

      “Canadian Prime Rate” means, on any day, the rate determined by the
          Administrative Agent to be the higher of (i) the rate equal to the PRIMCAN index rate that appears on the Bloomberg screen at 10:15 a.m. Toronto time on such day (or, in the event that the PRIMCAN index is not published by Bloomberg, any other
          information services that publishes such index from time to time, as selected by the Administrative Agent in its reasonable discretion) and (ii) the CDOR Rate for one month, plus 1% per annum. Any change in the Canadian Prime Rate due to a change
          in the PRIMCAN index or the CDOR Rate shall be effective from and including the effective date of such change in the PRIMCAN Index or CDOR Rate, respectively.

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

      “Cash” has the meaning assigned to such term in Section 5.13.

      “Cash Equivalents” means investments (other than Cash) that are one or more of the following obligations:

      (a)          Short-Term
          U.S. Government Securities (as defined in Section 5.13);

      (b)          investments
          in commercial paper maturing within 180 days from the date of acquisition thereof and having, at such date of acquisition, a credit rating of at least A‐1 from S&P and at least P‐1 from Moody’s;

      (c)          investments
          in certificates of deposit, banker’s acceptances and time deposits maturing within 180 days from the date of acquisition thereof (i) issued or guaranteed by or placed with, and money market deposit accounts issued or offered by,

      
        
          

          

        

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      any domestic office of any commercial bank organized under the laws of the United States of America or any State thereof,
        Canada or any province thereof, the United Kingdom or, if consented to by the Administrative Agent in its sole discretion, the jurisdiction or any constituent jurisdiction thereof of any Agreed Foreign Currency; provided that such
        certificates of deposit, banker’s acceptances and time deposits are held in a securities account (as defined in the Uniform Commercial Code) through which the Collateral Agent can perfect a security interest therein and (ii) having, at such date of
        acquisition, a credit rating of at least A-1 from S&P and at least P-1 from Moody’s;

      (d)          fully
          collateralized repurchase agreements with a term of not more than 30 days from the date of acquisition thereof for U.S. Government Securities and entered into with (i) a financial institution satisfying the criteria described in clause (c) of
          this definition or (ii) an Approved Dealer having (or being a member of a consolidated group having) at such date of acquisition, a credit rating of at least A-1 from S&P and at least P-1 from Moody’s; and

      (e)          investments
          in money market funds and mutual funds, which invest substantially all of their assets in Cash or assets of the types described in clauses (a) through (d) above;

      provided that (i) in no event shall Cash Equivalents include any obligation that provides for the payment of interest alone (for example,
        interest-only securities or “IOs”); (ii) if any of Moody’s or S&P changes its rating system, then any ratings included in this definition shall be deemed to be an equivalent rating in a successor rating category of Moody’s or S&P, as the
        case may be; (iii) Cash Equivalents (other than U.S. Government Securities, certificates of deposit or repurchase agreements) shall not include any such investment representing more than 25% of total assets of the Obligors in any single issuer; and
        (iv) in no event shall Cash Equivalents include any obligation that is not denominated in Dollars or an Agreed Foreign Currency.

      “CDOR Rate” means, with respect to any Interest Period
            (other than a period of six months’ duration), the rate per annum equal to the average of the annual yield rates applicable to Canadian Dollar bankers’ acceptances at or about 10:00 a.m10:15 a.m. (Toronto, Ontario time) on the day that is two (2) Business Days prior to the first day of such Interest Period as reported on the “CDOR Page” (or any display
        substituted therefor) of Reuters Monitor Money Rates Service (or such other page or commercially available source displaying Canadian interbank bid rates for Canadian Dollar bankers’ acceptances as may be designated by the Administrative Agent from
        time to time) for a term equivalent to such Interest Period (or if such Interest Period is not equal to a number of months, for a term equivalent to the number of months closest to such Interest Period) (“CDOR Screen Rate”); provided that if the CDOR Rate is less than zero, such rate shall be zero for purposes of this Agreement.

      “CDOR Screen Rate” has the meaning assigned to such term in the definition
          of “CDOR Rate.”

      “Change in Control” means:

      
        
          

          

        

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      (a) the acquisition of ownership, directly or indirectly, beneficially or of record, by any Person or group (within the meaning
        of the Exchange Act and the rules of the SEC thereunder as in effect on the Original Effective Date) other than the Advisor of shares representing more than 35% of the aggregate ordinary voting power represented by the issued and outstanding
        capital stock of the Parent;

      (b) the occupation of a majority of the seats (other than vacant seats) on the Board of Directors of the Parent by Persons who
        were neither (1) nominated by the requisite members of the Board of Directors of the Parent nor (2) appointed by a majority of the directors so nominated;

      (c) the acquisition of direct or indirect Control of the Borrower or the Parent by any Person or group other than the Advisor;

      (d) [reserved];

      (e) the acquisition of direct or indirect Control of the Advisor by any Person or group other than (1) a wholly-owned
        Subsidiary of BlackRock Parent, or (2) any two of Howard Levkowitz, Michael LeitnerRob DiPaolo, Philip Tseng and
        Rajneesh Vig (or any replacement manager or individual reasonably acceptable to the Administrative Agent and approved by the Required Lenders), provided that if the Advisor is no longer under the Control of at least two of the four
        individuals listed in this clause (e)(2) (or their previously approved replacements) through an event resulting in the death or disability of such individuals, the Advisor shall have sixty (60) calendar days to replace such individuals with other
        managers or individuals reasonably acceptable to the Administrative Agent and approved by the Required Lenders, who shall have thirty (30) calendar days to either provide consent to or decline such request, provided that any Lender that shall not
        have responded within such thirty-day period shall be deemed to not have consented to such request, and provided further that, for the avoidance of doubt, a Default (but, for clarity, solely with respect to this clause, not an Event
        of Default) shall be deemed to be in existence during such sixty (60) calendar day period;

      (f) [reserved];

      (g) the Parent shall no longer be the Borrower’s sole member and managing member, or fails to own all of the Equity Interests
        in the Borrower (unless the Parent and the Borrower have been merged or consolidated into or with one another pursuant to a transaction expressly permitted under Section 6.03(f)); or

      (h) the Borrower fails to own, directly or indirectly, all of the Equity Interests of each direct and indirect Subsidiary of
        the Borrower.

      In the event that the Borrower notifies the Administrative Agent in writing to request approval of a potential or anticipated change in control
        (pursuant to clause (c) above), the Required Lenders shall have thirty (30) calendar days to either provide consent to or decline such request, provided that any Lender that shall not have responded within such thirty-day period shall be
        deemed to not have consented to such request.

      “Change in Law”
          means (a) the adoption or taking effect of any law, rule or regulation or treaty after the Original Effective Date affecting any
          Lender, (b) any change in any

      
        
          

          

        

        14

        
          

        
          

          

          

          

        

      

      law, rule or regulation or treaty binding upon any Lender or in the administration, interpretation, implementation or application thereof by any Governmental Authority, after the Original Effective Date or (c) compliance by any Lender
          (or, for purposes of Section 2.12(b) or Section 2.17(a), by such Lender’s holding
          company, if any, or by any lending office of such Lender) with any request, guideline, requirement or directive (whether or not
          having the force of law) of any Governmental Authority made or issued after the Original Effective Date and affecting any Lender; provided that, notwithstanding anything herein to the contrary, (I) the
          Dodd-Frank Wall Street Reform and Consumer Protection Act and all requests, rules, guidelines, requirements or directives in
          connection therewith and (II) all requests, rules, guidelines or directives promulgated by the Bank For International Settlements, the Basel Committee on Banking Supervision (or any successor or similar authority) or the United States or foreign
          regulatory authorities, in each case pursuant to Basel III, shall in each case be deemed to be a “Change in Law” regardless of the date enacted, adopted, issued, promulgated or implemented.

      “Class”, when used in reference to any Loan or Borrowing, refers to whether such Loan, or the Loans constituting such
        Borrowing, are (x) Dollar Loans or Multicurrency Loans and/or (y) Extended Loans or Non-Extended Loans; when used in reference to any Lender, refers to whether such Lender is (x) a Dollar Lender or a Multicurrency Lender and/or (y) an Extending
        Lender or a Non-Extending Lender; and when used in reference to any Commitment, refers to whether such Commitment is a Dollar Commitment or a Multicurrency Commitment.  Other than for purposes of Sections 2.06(a), 2.06(f), 2.07(a),
        2.08(d), 2.08(e), 2.15(c), 2.18 and the last paragraph of 9.02(b), Extending Lenders and Non-Extending Lenders shall be treated as the same Class of Lenders and Extended Loans and Non-Extended Loans shall be
        treated as the same Class of Loans.

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

      “Collateral” has the meaning assigned to such term in the Guarantee and Security Agreement.

      “Collateral Agent” means ING in its capacity as Collateral Agent under the Guarantee and Security Agreement, and
        includes any successor Collateral Agent thereunder.

      “Combined Debt Amount” means, as of any date, the aggregate amount of Commitments as of such
          date (or, if greater, the Revolving Credit Exposures of all Lenders as of such date).

      

      

      “Commitments” means, collectively, the Dollar Commitments and the Multicurrency Commitments.

      “Commitment Increase” has the meaning assigned to such term in Section 2.06(e)(i).

      “Commitment Increase Date” has the meaning assigned to such term in Section 2.06(e)(i).

      
        
          

          

        

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      “Commitment Increase Notice” has the meaning assigned to such term in Section 2.06(e)(i).

      “Consolidated Adjusted Interest Expense” means, for any period with respect to the Borrower and its Subsidiaries on a
        consolidated basis, the sum of (x) (i) amounts paid or payable in cash for such period in respect of interest (including any default rate of interest, if applicable), unused fees, facility fees, letter of credit fees, and any other fees applicable
        to any Indebtedness and treated as interest under GAAP, and (ii) the amortization of any original issue discount (but excluding, for the avoidance of doubt, any one-time cash payments in respect of original issue discount at the time of issuance of
        any Indebtedness), plus (y) the net amount paid or payable for such period in cash (or minus the net amount received or receivable in cash) under Hedging Agreements permitted under Section 6.04 relating to interest during such
        period and to the extent not already taken into account under clause (x), plus (z) capitalized interest expense and interest expense attributable to Capital Lease Obligations to the extent not already taken into account under clause (x).

      “Consolidated EBIT” means, for any period with respect to the Borrower and its Subsidiaries on a consolidated basis, the
        sum of (w) net investment income, plus (x)  Consolidated Adjusted Interest Expense, plus (y) any other non-cash charges to the extent deducted in the calculation of net investment income, minus (z) the amount of any non-cash
        income or gains (including interest paid-in-kind to the Borrower or any of its Subsidiaries (“PIK”) to the extent such amount exceeds PIK interest collected in cash (including any amortization payments on such applicable debt instrument up
        to the amount of PIK interest previously capitalized thereon)) to the extent included in the calculation of net investment income, all as determined in accordance with GAAP.

      “Consolidated Interest Coverage Ratio” means the ratio as of the last day of any fiscal quarter of the Borrower and its
        Subsidiaries on a consolidated basis of (a) Consolidated EBIT for the four fiscal quarter period then ending, taken as a single accounting period, to (b) Consolidated Adjusted Interest Expense for such four fiscal quarter period.

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

      “Control Account” has the meaning assigned to such term in Section 5.08(c)(ii).

      “Covered Debt Amount” means, on any date, the sum of (x) all of the Revolving Credit Exposures of all Lenders on such
        date, plus (y) the aggregate amount of Other Covered Indebtedness outstanding on such date.

      “Covered Taxes” means (i) Taxes, other than Excluded Taxes, imposed on or with respect to any payment made by or on
        account of any obligation of the Borrower under any Loan Document and (ii) to the extent not otherwise described in clause (i), Other Taxes.

      “Currency” means Dollars or any Foreign Currency.

      
        
          

          

        

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      “Currency Valuation Notice” has the meaning assigned to such term in Section 2.08(b).

      “Custodian” means Wells Fargo Bank, National Association, or any other financial institution mutually agreeable to the
        Collateral Agent and the Borrower, as custodian holding documentation for Portfolio Investments, and accounts of the Obligors holding Portfolio Investments, on behalf of the Obligors and, pursuant to the Control Agreement, the Collateral Agent. 
        The term “Custodian” includes any agent or sub-custodian acting on behalf of the Custodian pursuant to the terms of the Custodial and Account Control Agreement.

      “Custodian Account” means an account subject to a Custodial and Account Control Agreement.

      “Custodial and Account Control Agreement” means collectively, (i) the Amended and Restated Custodial and Account Control
        Agreement, dated as of the Restatement Effective Date, by and among the Borrower, the Collateral Agent and the Custodian, (ii) the Second Amended and Restated Custodial and Account Control Agreement, dated as of the Restatement Effective Date, by
        and among 36th Street Capital Partners Holdings, LLC, a Delaware limited liability company, the Collateral Agent and the Custodian and (iii) each such other custodial
        agreement as may be entered into by and among an Obligor, the Collateral Agent and a Custodian, in form and substance reasonably satisfactory to the Collateral Agent and the Borrower.

      “Daily Simple RFR” means, for any day (an “RFR Interest Day”), an interest rate per annum equal
          to the greater of, for any RFR Loan denominated in Pounds Sterling, (a) SONIA for the RFR Reference Day and (b) 0.00%.  Any change in Daily Simple RFR due to a change in SONIA shall be effective from and
          including the effective date of such change in SONIA without notice to the Borrower.

      

      

      “Daily Simple SOFR” means, for any day, SOFR, with the conventions for this rate (which may
          include a lookback) being established by the Administrative Agent in accordance with the conventions for this rate recommended by the Relevant Governmental Body for determining “Daily Simple SOFR” for syndicated business loans; provided, that if
          the Administrative Agent decides that any such convention is not administratively feasible for the Administrative Agent, then the Administrative Agent may establish another convention in its reasonable discretion.

      

      

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

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

      “Defaulting Lender” means any Lender that has (a) failed to fund any portion of its Loans within two (2) Business Days
        of the date required to be funded by it hereunder, unless, in the case of any Loans, such Lender notifies the Administrative Agent and the Borrower in writing

      
        
          

          

        

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      that such Lender’s failure is based on such Lender’s reasonable determination that the conditions precedent to funding such Loan under this
        Agreement have not been met, such conditions have not otherwise been waived in accordance with the terms of this Agreement and such Lender has advised the Administrative Agent and the Borrower in writing (with reasonable detail of those conditions
        that have not been satisfied) prior to the time at which such funding was to have been made, (b) notified the Borrower, the Administrative Agent, or any other Lender in writing that it does not intend to comply with any of its funding obligations
        under this Agreement or has made a public statement that it does not intend to comply with its funding obligations under this Agreement (unless such writing or public statement states that such position is based on such Lender’s determination that
        one or more conditions precedent to funding (which conditions precedent, together with the applicable default, if any, shall be specifically identified in such writing or public statement) cannot be satisfied), (c) failed,

          within three (3) Business Days after request by the Administrative Agent or the Borrower to confirm in writing to the Administrative Agent and the Borrower that it will comply with the terms of this Agreement relating to its obligations to fund
          prospective Loans (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), (d) otherwise failed to pay over to the Administrative Agent or any other Lender any other amount (other than a de minimis amount) required to be paid by it
        hereunder within two (2) Business Days of the date when due, unless the subject of a good faith dispute, or (e) other than via an Undisclosed Administration, either (i) has been adjudicated as, or determined by any Governmental Authority having
        regulatory authority over such Person or its assets to be, insolvent or has a parent company that has been adjudicated as, or determined by any Governmental Authority having regulatory authority over such Person or its assets to be, insolvent,
        (ii) become the subject of a bankruptcy or insolvency proceeding, or has had a receiver, conservator, trustee, administrator, assignee for the benefit of creditors or similar Person charged with reorganization or liquidation of its business or
        custodian, appointed for it, or has taken any action in furtherance of, or indicating its consent to, approval of or acquiescence in any such proceeding or appointment or has a parent company that has become the subject of a bankruptcy or
        insolvency proceeding, or has had a receiver, conservator, trustee, administrator, assignee for the benefit of creditors or similar Person charged with reorganization or liquidation of its business or custodian appointed for it, or has taken any
        action in furtherance of, or indicating its consent to, approval of or acquiescence in any such proceeding or appointment or (iii) become the subject of a Bail-In Action (unless in the case of any Lender referred to in this clause (e), the Borrower
        and the Administrative Agent shall be satisfied in the exercise of their respective reasonable discretion that such Lender intends, and has all approvals required to enable it, to continue to perform its obligations as a Lender hereunder); provided
        that a Lender shall not qualify as a Defaulting Lender solely as a result of the acquisition or maintenance of an ownership interest in such Lender or its parent company, or of the exercise of control over such Lender or any Person controlling such
        Lender, by a Governmental Authority or instrumentality thereof, or solely as a result of an Undisclosed Administration, so long as such ownership interest or Undisclosed Administration does not result in or provide such Lender with immunity from
        the jurisdiction of courts within the United States or from the enforcement of judgments or writs of attachment on its assets or permit such Lender (or such Governmental Authority) to reject, repudiate, disavow or disaffirm any contracts or
        agreements made with such Lender.  Any determination by the Administrative Agent that a Lender is a Defaulting Lender under any one or more of clauses (a) through (e) above, and of
            the effective date of such status, shall be conclusive and binding absent manifest error, and such

      
        
          

          

        

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      Lender shall be deemed to be a Defaulting Lender as of the date established therefor by the
          Administrative Agent in a written notice of such determination, which shall be delivered by the Administrative Agent to the Borrower and each Lender promptly following such determination.

      “Designated Obligations” means all obligations of the Borrower with respect to (a) principal of and interest on the
        Loans and (b) accrued and unpaid fees under the CommitmentsLoan Documents.

      “Disqualified Equity Interests” means Equity Interests of the Borrower that after issuance are subject to any agreement
        between the holder of such Equity Interests and the Borrower whereby the Borrower is required to purchase, redeem, retire, acquire, cancel or terminate such Equity Interests, other than (x) as a result of a change in control, or (y) in connection
        with any purchase, redemption, retirement, acquisition, cancellation or termination with, or in exchange for, shares of Equity Interests that are not Disqualified Equity Interests.

      “Dollar Commitment” means, with respect to each Dollar Lender, the commitment of such Dollar Lender to make Loans
        denominated in Dollars hereunder, expressed as an amount representing the maximum aggregate amount of such Lender’s Revolving Dollar Credit Exposure hereunder, as such commitment may be (a) reduced or increased from time to time pursuant to Section

          2.06 or reduced from time to time pursuant to Section 2.08 or as otherwise provided in this Agreement and (b) reduced or increased from time to time pursuant to assignments by or to such Lender pursuant to Section 9.04.  The
        aggregate amount of each Lender’s Dollar Commitment as of the FirstOmnibus Amendment Effective Date is set forth on
        Schedule 1.01(b), or in the Assignment and Assumption pursuant to which such Lender shall have assumed its Dollar Commitment, as applicable.  The aggregate amount of the Dollar Lenders’ Dollar Commitments as of the FirstOmnibus Amendment Effective Date is $57,300,00055,000,000.

      “Dollar Equivalent” means, on any date of determination, (a) with respect to any amount denominated in Dollars, such
        amount and (b) with respect to an amount denominated in any Foreign Currency, the amount of Dollars that would be required to purchase such amount of such Foreign Currency on the date two (2) Business Days prior to such date, based upon the spot
        selling rate at which the Administrative Agent (or other foreign currency broker reasonably acceptable to the Administrative Agent) offers to sell such Foreign Currency for Dollars in the London foreign exchange market at approximately 11:00 a.m.,
        London time, for delivery two (2) Business Days later.

      “Dollar Lender” means the Persons listed on Schedule 1.01(b) (as amended from time to time pursuant to Section

          2.06) as having Dollar Commitments and any other Person that shall have become a party hereto pursuant to an Assignment and Assumption that provides for it to assume a Dollar Commitment or to acquire Revolving Dollar Credit Exposure, other
        than any such Person that ceases to be a party hereto pursuant to an Assignment and Assumption.

      “Dollar Loan” means a Loan denominated in Dollars made by a Dollar Lender.

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

      
        
          

          

        

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      “Early Opt-in Effective Date” means, with respect to any Early Opt-in
          Election, the sixth (6th) Business Day after the date notice of such Early Opt-in
          Election is provided to the Lenders, so long as the Administrative Agent has not received, by 5:00 p.m. (New York City time) on the fifth (5th) Business Day after the date notice of such Early Opt-in Election is provided to the Lenders written notice of objection to such Early Opt-in Election from Lenders comprising the
          Required Lenders.

      “Early Opt-in Election” means,

      

      

      	

            	(1)	
              in the case of a Benchmark Replacement in respect of Loans denominated in Dollars, the occurrence of:

            

      

      

      	

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

            

      

      

      	

            	(b)	
              the joint election by the Administrative Agent and the Borrower to trigger a fallback from the LIBO Rate and the provision by
                  the Administrative Agent of written notice of such election to the Lenders; and

            

      

      

      	

            	(2)	
              in the case of a Benchmark Replacement in respect of Loans denominated in any Agreed Foreign Currency, the occurrence of:

            

      

      

      	

            	“Early

                  Opt-in Election” means the occurrence of: (1a)	
              (i) a determination by the Administrative Agent or,
                (ii) a notification by the Required Multicurrency Lenders to the Administrative Agent (with a copy to the Borrower) that the Required Multicurrency Lenders have determined or (iii) a request by the Borrower to the Administrative Agent to notify
                    each of the other parties hereto that the Borrower has determined that at least 5five
                currently outstanding syndicated credit facilities denominated in the applicable Agreed Foreign Currency being executed at such time (as a result of amendment or as originally executed), or that include language similar to that contained in Section 2.11(c), 
                are being executed or amended, as applicable, to incorporate or adopt a new benchmark interest rate to replace the LIBO Rateapplicable Benchmark, and

            

      

      

      	

            	(2b) (i)	
              the joint election by the Administrative Agent or (ii) the
                    election by the Required Lenders to declare that an Early Opt-in Election has occurredand the Borrower and the provision, as applicable,  by the Administrative Agent of written notice of such election to the Borrower and the Lenders or (ii) the joint election by the Required LendersMulticurrency Lenders
                    and the Borrower to trigger a fallback from the then-current Benchmark and the provision, if applicable, by the Required Multicurrency Lenders and the Borrower of written notice of such election to the Administrative Agent.

            

      
        
          

          

        

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      “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.

      “Eligible Liens” means any right of offset, banker’s lien, security interest or other like right against the Portfolio
        Investments held by the Custodian pursuant to or in connection with its rights and obligations relating to the Custodian Account, provided that such rights are subordinated, pursuant to the terms of the Custodial and Account Control
        Agreement in form and substance satisfactory to the Administrative Agent, to the first priority perfected security interest in the Collateral created in favor of the Collateral Agent, except to the extent expressly provided therein.

      “Eligible Portfolio Investment” means any Portfolio Investment held by any Obligor (and solely for purposes of
        determining the Borrowing Base, Cash and Cash Equivalents held by any Obligor) that, in each case, meets all of the criteria set forth on Schedule 1.01(d) hereto; provided that no Portfolio Investment, Cash or Cash Equivalent shall
        constitute an Eligible Portfolio Investment or be included in the Borrowing Base if the Collateral Agent does not at all times maintain a first priority, perfected Lien (subject to no other Liens other than Eligible Liens) on such Portfolio
        Investment, Cash or Cash Equivalent or if such Portfolio Investment, Cash or Cash Equivalent has not been or does not at all times continue to be Delivered (as defined in the Guarantee and Security Agreement).  Without limiting the generality of
        the foregoing, it is understood and agreed that any Portfolio Investments that have been contributed or sold, purported to be contributed or sold or otherwise transferred to any Financing Subsidiary, or held by any Financing Subsidiary, or which
        secure obligations of any Financing Subsidiary shall not be treated as Eligible Portfolio Investments until distributed, sold or otherwise transferred to any Obligor free and clear of all Liens (other than Eligible Liens).  Notwithstanding the
        foregoing, nothing herein shall limit the provisions of Section 5.12(b)(i), which provide that, for purposes of this Agreement, all determinations of whether an Investment is to be included as an Eligible Portfolio Investment shall be
        determined on a Settlement-Date Basis, provided that no such Investment shall be included as an Eligible Portfolio Investment to the extent it has not been paid for in full.

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

      
        
          

          

        

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

      “ERISA Affiliate” means any trade or business (whether or not incorporated) that, together with the Borrower or a
        Subsidiary, is treated as a single employer at any relevant time, or is otherwise aggregated with the Borrower or any Subsidiary, under Section 414(b), (c), (m) or (o) of the Code or Section 4001 of ERISA.

      “ERISA Event” means: (a) any “reportable event,” as defined in Section 4043 of ERISA or the regulations issued
        thereunder with respect to a Pension Plan (other than an event for which the 30-day notice period is waived); (b) with respect to any Plan that is intended to qualify under Section 401(a) of the Code, the notification by the IRS of its intent to
        disqualify the Plan; (c) the filing of a notice of intent to terminate any Pension Plan, if such termination would require material additional contributions in order to be considered a standard termination within the meaning of Section 4041(b) of
        ERISA, the filing under Section 4041(c) of ERISA of a notice of intent to terminate any Pension Plan or the termination of any Pension Plan under Section 4041(c) of ERISA; (d) the failure to make a required contribution to any Pension Plan that
        would result in the imposition of a lien or other encumbrance or the provision of security under Section 412 or 430 of the Code or Section 302 or 4068 of ERISA, or the arising of such a lien or encumbrance; there being or arising any “unpaid
        minimum required contribution” or “accumulated funding deficiency” (as defined or otherwise set forth in Section 4971 of the Code or Part 3 of Subtitle B of Title I of ERISA), whether or not waived; or the filing pursuant to Section 412(c) of the
        Code or Section 302(c) of ERISA of an application for, or receipt of, a waiver of the minimum funding standard with respect to any Pension Plan or Multiemployer Plan; or the determination that any Pension Plan is, or is expected to be, in “at-risk”
        status under Title IV of ERISA; (e) the incurrence by the Borrower, any Subsidiary or any ERISA Affiliate of any liability under Title IV of ERISA with respect to any Pension Plan or any Multiemployer Plan (other than premiums due and not
        delinquent under Section 4007 of ERISA); (f) the receipt by the Borrower, any Subsidiary or any ERISA Affiliate from the PBGC or a plan administrator of any notice relating to an intention to terminate any Pension Plan or Pension Plans or to
        appoint a trustee to administer any Pension Plan, or the occurrence of an event or condition that would reasonably be expected to constitute grounds for the institution of proceedings by the PBGC for the termination of, or the appointment of a
        trustee to administer, any Pension Plan; (g) the incurrence by the Borrower, any Subsidiary or any ERISA Affiliate of any Withdrawal Liability, the complete or partial withdrawal of the Borrower, any Subsidiary or any ERISA Affiliate from a
        Multiemployer Plan, or the reorganization or insolvency under Title IV of ERISA of any Multiemployer Plan; (h) the occurrence of any non-exempt prohibited transaction within the meaning of Section 4975 of the Code or Section 406 of ERISA; (i) the
        failure to make any required contribution to a Multiemployer Plan or failure to make by its due date any required contribution to any Pension Plan; or (j) the receipt by the Borrower, any Subsidiary or any ERISA Affiliate of any notice, or the
        receipt by any Multiemployer Plan from the Borrower, any Subsidiary or any ERISA Affiliate of any notice, concerning the imposition of Withdrawal Liability or a determination that a Multiemployer Plan is, or is expected to be, in “critical” or
        “endangered” status, as determined under Section 432 of the Code or Section 305 of ERISA.

      “Erroneous Payment” has the meaning assigned to it in Section 8.17(a).

      
        
          

          

        

        22

        
          

        
          

          

          

          

        

      

      “Erroneous Payment Deficiency Assignment” has the meaning assigned to it
          in Section 8.17(d).

      “Erroneous Payment Impacted Class” has the meaning assigned to it in
          Section 8.17(d).

      “Erroneous Payment Return Deficiency” has the meaning assigned to it in
          Section 8.17(d).

      “Erroneous Payment Subrogation Rights” has the meaning assigned to it in
          Section 8.17(d).

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

      “EURIBO Screen Rate” means, for any Interest Period, in the case of any
          Eurocurrency Borrowing denominated in Euros, the European interbank offered rate administered by the European Money Markets Institute (or the successor thereto if the European Money Markets Institute is no longer making such rates available) per
          annum for deposits in Euro for a period equal to the Interest Period appearing on the display designated as Reuters Screen EURIBOR01 Page (or such other page on that service or such other service designated by the European Money Markets Institute
          (or the successor thereto if the European Money Markets Institute is no longer making such rates available) for the display of the European Money Markets Institute’s Interest Settlement Rates for deposits in Euro) or, in the event such rate does
          not appear on such Reuters page, on the appropriate page of such other information service that publishes such rate as shall be selected by the Administrative Agent from time to time in its reasonable discretion, as of 11:00 a.m. Brussels time
          two TARGET days prior to the first day of the Interest Period; provided that, if the EURIBO Screen Rate so determined would be less than zero, such rate shall be deemed to be zero for purposes of this Agreement.

      “Euro” means the lawful currency of the member states of the European Union that have adopted and retained a common
        single currency through monetary union in accordance with European Union treaty law, as such treaty law is amended from time to time.

      “Eurocurrency”, when used in reference to any Loan or Borrowing, refers to whether such Loan is, or the Loans
        constituting such Borrowing are, bearing interest at a rate determined by reference to the Adjusted LIBO Rate, EURIBO Screen Rate, AUD Bank Bill Reference Rate, CDOR Rate or NZD
            Rate.  For clarity, a Loan or Borrowing bearing interest by reference to clause (c) of the definition of “Alternate Base Rate” shall not be a Eurocurrency Loan or Eurocurrency Borrowing.

      “Event of Default” has the meaning assigned to such term in Section 7.01.

      “Exchange Act” means the United States Securities Exchange Act of 1934, as amended from time to time.

      
        
          

          

        

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      “Excluded Taxes” means any of the following Taxes imposed on or with respect to the Administrative Agent or any Lender
        or required to be withheld or deducted from a payment to the Administrative Agent or any Lender, (a) Taxes imposed on (or measured by) its net income or franchise Taxes, in each case, imposed (i) by the jurisdiction (or any political subdivision
        thereof) under the laws of which such recipient is organized or in which its principal office is located or, in the case of any Lender, in which its applicable lending office is located, or (ii) as a result of a present or former connection between
        such recipient and the jurisdiction imposing such Tax (other than connections arising from such recipient having executed, delivered, become a party to, performed its
        obligations under, received payments under, received or perfected a security interest under, engaged in any other transaction pursuant to or enforced any Loan Documents, or sold or assigned an interest in any Loan or Loan Document), (b) any branch
        profits Taxes imposed by the United States of America or any similar Tax imposed by any other jurisdiction in which the Borrower is located, (c) in the case of a Lender (other than an assignee pursuant to a request by the Borrower under Section 2.17(b)),

        any U.S. federal withholding Tax that is imposed on amounts payable to such Lender at the time such Lender becomes a party to this Agreement (or designates a new lending office), except to the extent that such 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 2.14(a), (d) Taxes attributable to such recipient’s
        failure to comply with Section 2.14(f), and (e) any U.S. federal withholding Taxes imposed under FATCA.

      “Existing Credit Agreement” has the meaning assigned to such term in the recitals to this Agreement.

      “Existing Lenders” has the meaning assigned to such term in the recitals to this Agreement.

      “Existing Loans” has the meaning assigned to such term in the recitals to this Agreement.

      “Extended Availability Period” means, with respect to any Extending Lender, the period from and including the FirstOmnibus Amendment Effective Date to but excluding the earlier of the Extended Revolver Termination Date and the
        date of termination of the Commitments.

      “Extended Loans” means Loans or Borrowings of any Extending Lender maturing on the Extended Maturity Date.

      “Extended Maturity Date” means, with respect to each Extending Lender, May 6, 20242026.

      “Extended Revolver Termination Date” means, with respect to each Extending Lender, May 6, 20232025.

      “Extending Lender” means each Lender designated as an “Extending Lender” on Schedule 1.01(b).

      
        
          

          

        

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      “External Quoted Value” has the meaning assigned to such term in Section 5.12(b)(ii)(A).

      “External Unquoted Value” means (i) with respect to Borrower Tested Assets, the Borrower External Unquoted Value and
        (ii) with respect to IVP Tested Assets, the IVP External Unquoted Value.

      “Extraordinary Receipts” means an amount equal to (a) any cash received by or paid to any Obligor on account of any
        foreign, United States, state or local tax refunds, pension plan reversions, judgments, proceeds of settlements or other consideration of any kind in connection with any cause of action, condemnation awards (and payments in lieu thereof), indemnity
        payments received not in the ordinary course of business and any purchase price adjustment received not in the ordinary course of business in connection with any purchase agreement and proceeds of insurance (excluding, however, for the avoidance of
        doubt, proceeds of any issuance of Equity Interests by the Borrower and issuances of Indebtedness by any Obligor), minus (b) any costs, fees, commissions, premiums and expenses actually incurred by any Obligor directly incidental to such cash receipts and paid in cash to a Person that is not an Affiliate of any Obligor (or if paid
            in cash to an Affiliate, only to the extent such expenses are reasonable and customary), including reasonable legal fees and expenses; minus (c) amounts necessary for the Borrower to make
        distributions sufficient in amount to achieve the objectives set forth in Section 6.05(b)(A) hereof, solely to the extent that the Required Payment Amount in or with respect to any taxable year (or any calendar year, as relevant) is
        increased as a result of such Extraordinary Receipt; provided, however, that Extraordinary Receipts shall not include any (i) amounts that the
          Borrower receives from the Administrative Agent or any Lender pursuant to Section 2.14(h), (ii) cash receipts to the extent received from proceeds of insurance,
          condemnation awards (or payments in lieu thereof), indemnity payments or payments in respect of judgments or settlements of claims, litigation or proceedings to the extent that such proceeds, awards or payments are received by any Person in
          respect of any unaffiliated third party claim against or loss by such Person and promptly applied to pay (or to reimburse such Person for its prior payment of) such claim or loss and the costs and expenses of such Person with respect thereto,
          (iii) proceeds of business interruption insurance to the extent such proceeds constitute compensation for lost earnings, or (iv) indemnity payments or payments in respect of judgments or settlements of claims, litigation or proceedings to the
          extent that such payments are received by any Person in respect of any unaffiliated third party claim against or loss by such Person and promptly applied to pay (or to reimburse such Person for its prior payment of) such claim or loss and the
          costs and expenses of such Person with respect thereto.

      “FATCA” means Sections 1471 through 1474 of the Code, as of the Original Effective Date (or any amended or successor
        version that is substantively comparable and not materially more onerous to comply with), any current or future regulations or official interpretations thereof and any agreements entered into pursuant to Section 1471(b)(1) of the Code, any
        intergovernmental agreement entered into in connection with the implementation of such Sections of the Code, and any fiscal or regulatory legislation, rules, or official practices adopted pursuant to any published intergovernmental agreement
        entered into in connection with the implementation of such Sections of the Code.

      “FCA” has the meaning assigned to such term in Section 1.05.

      
        
          

          

        

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      “FCPA” has the meaning assigned to such term in Section 3.23.

      “Federal Funds Effective Rate” means, for any day, the weighted average (rounded upwards, if necessary, to the next
        1/100 of 1%) of the rates on overnight Federal funds transactions with members of the Federal Reserve System, as published on the next succeeding Business Day by the Federal Reserve Bank of New York, or, if such rate is not so published for any day
        that is a Business Day, the average (rounded upwards, if necessary, to the next 1/100 of 1%) of the quotations for such day for such transactions received by the Administrative Agent from three (3) Federal funds brokers of recognized standing
        selected by it; provided that if the Federal Funds Effective Rate is less than zero, such rate shall be zero for purposes of this Agreement.

      “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.

      “Financial Officer” means the chief executive officer, president, chief operating officer, chief financial officer,
        treasurer, controller or chief compliance officer of the Borrower, in each case, who has been authorized by the Board of Directors of the Parent, to execute the applicable document or certificate.

      “Financing Subsidiary” means (i) any Structured Subsidiary or (ii) any SBIC Subsidiary.

      “First Amendment Effective Date” means April 9, 2020.

      “Floor” means the benchmark rate floor, if any, provided in this Agreement
          initially (as of the execution of this Agreement, the modification, amendment or renewal of this Agreement or otherwise) with respect to any applicable Benchmark (including any component thereof).

      “Foreign Currency” means, at any time, any Currency other than Dollars.

      “Foreign Currency Equivalent” means, with respect to any amount in Dollars, the amount of any Foreign Currency that
        could be purchased with such amount of Dollars using the reciprocal of the foreign exchange rate(s) specified in the definition of the term “Dollar Equivalent”, as determined by the Administrative Agent.

      “Foreign Eligible Portfolio Investments” means any Eligible Portfolio Investment with respect to which the requirements
        of paragraph 13 of Schedule 1.01(d) hereto are met by reference to any Permitted Foreign Jurisdiction.

      “Foreign Lender” means any Lender that is not a U.S. Person.

      “Fourth Amendment Effective Date” means January 22, 2021.

      “GAAP” means generally accepted accounting principles in the United States of America.

      
        
          

          

        

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      “General Partner” means Series H of SVOF/MM, LLC, a series of a Delaware limited liability company.

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

      “Guarantee” of or by any Person (the “guarantor”) means any obligation, contingent or otherwise, of the guarantor
        guaranteeing or having the economic effect of guaranteeing any Indebtedness or other obligation of any other Person (the “primary obligor”) in any manner, whether directly or indirectly, and including any obligation of the guarantor, direct
        or indirect, (a) to purchase or pay (or advance or supply funds for the purchase or payment of) such Indebtedness or other obligation or to purchase (or to advance or supply funds for the purchase of) any security for the payment thereof, (b) to
        purchase or lease property, securities or services for the purpose of assuring the owner of such Indebtedness or other obligation of the payment thereof, (c) to maintain working capital, equity capital or any other financial statement condition or
        liquidity of the primary obligor so as to enable the primary obligor to pay such Indebtedness or other obligation or (d) as an account party in respect of any letter of credit or letter of guaranty issued to support such Indebtedness or obligation;
        provided that the term “Guarantee” shall not include endorsements for collection or deposit in the ordinary course of business or customary indemnification agreements entered into in the ordinary course of
          business in connection with obligations that do not constitute Indebtedness. The amount of any Guarantee at any time shall be deemed to be an amount equal to the maximum stated or determinable amount of the primary obligation in respect of
        which such Guarantee is incurred, unless the terms of such Guarantee expressly provide that the maximum amount for which such Person may be liable thereunder is a lesser amount (in which case the amount of such Guarantee shall be deemed to be an
        amount equal to such lesser amount).

      “Guarantee and Security Agreement” means that certain Amended and Restated Guarantee, Pledge and Security Agreement,
        dated as of the Restatement Effective Date, among the Borrower, the Subsidiary Guarantors from time to time party thereto, the Administrative Agent, and the Collateral Agent.

      “Guarantee Assumption Agreement” means a Guarantee Assumption Agreement substantially in the form of Exhibit B to the
        Guarantee and Security Agreement between the Collateral Agent and an entity that pursuant to Section 5.08 is required to become a “Subsidiary Guarantor” under the Guarantee and Security Agreement (with such changes as the Administrative
        Agent shall request consistent with the requirements of Section 5.08, or to which the Collateral Agent shall otherwise consent).

      “Hedging Agreement” means any interest rate protection agreement, foreign currency exchange protection agreement,
        commodity price protection agreement or other interest or currency exchange rate or commodity price hedging arrangement.  For the avoidance of doubt, in no event shall a Hedging Agreement include a total return swap.

      
        
          

          

        

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      “Hedging Agreement Obligations” has the meaning specified in the Guarantee and Security Agreement as in effect on the Restatement Effective Date.

      “IBA” has the meaning assigned to such term in Section 1.05.

      “Increasing Lender” has the meaning assigned to such term in Section 2.06(e)(i).

      “Indebtedness” of any Person means, without duplication, (a) all obligations of such Person for borrowed money or with
        respect to deposits, loans or advances of any kind, (b) all obligations of such Person evidenced by bonds, debentures, notes or similar debt instruments, (c) all obligations of such Person under conditional sale or other title retention agreements
        relating to property acquired by such Person, (d) all obligations of such Person in respect of the deferred purchase price of property or services (other than trade accounts payable and accrued expenses in the ordinary course of business not past
        due for more than 90 days after the date on which such trade account payable was due), (e) all Indebtedness of others secured by any Lien on property owned or acquired by such Person, whether or not the Indebtedness secured thereby has been assumed
        (with the value of such debt being the lower of the outstanding amount of such debt and the fair market value of the property subject to such Lien), (f) all Guarantees by such Person of Indebtedness of others, (g) all Capital Lease Obligations of
        such Person, (h) all obligations, contingent or otherwise, of such Person as an account party in respect of letters of credit and letters of guaranty, (i) the net amount such Person would be obligated for under any Hedging Agreement if such Hedging
        Agreement was terminated at the time of determination, (j) all obligations, contingent or otherwise, with respect to Disqualified Equity Interests, and (k) all obligations, contingent or otherwise, of such Person in respect of bankers’
        acceptances.  The Indebtedness of any Person shall include the Indebtedness of any other entity (including any partnership in which such Person is a general partner) to the extent such Person is liable therefor as a result of such Person’s
        ownership interest in or other relationship with such entity, except to the extent the terms of such Indebtedness provide that such Person is not liable therefor (or such Person is not otherwise liable for such Indebtedness). Notwithstanding the
        foregoing, “Indebtedness” shall not include (x) purchase price holdbacks arising in the ordinary course of business in respect of a portion of the purchase price of an asset or Investment to satisfy unperformed obligations of the seller of such
        asset or Investment, (y) a commitment arising in the ordinary course of business to make a future Portfolio Investment or fund the delayed draw or unfunded portion of any existing Portfolio Investment or (z) indebtedness of an Obligor on account of
        the sale by an Obligor of the first out tranche of any First Lien Bank Loan that arises solely as an accounting matter under Accounting Standard Codification 860, provided that such indebtedness (i) is non-recourse to the Borrower and its
        Subsidiaries and (ii) would not represent a claim against the Borrower or any of its Subsidiaries in a bankruptcy, insolvency or liquidation proceeding of the Borrower or its Subsidiaries, in each case in excess of the amount sold or purportedly
        sold.

      “Independent” when used with respect to any specified Person means the moremost restrictive of the following: (a) that such Person (i) does not have any direct financial interest or any material indirect financial interest in the Borrower or any of
        its Subsidiaries or Affiliates (including its investment advisor or any Affiliate thereof) other than ownership of publicly traded stock of the Borrower or any such Subsidiary or Affiliate with a market value not to exceed $1,000,000 and (ii) is
        not an officer, employee, promoter, underwriter, trustee, partner, director or a Person performing similar functions of the Borrower or of its Subsidiaries or Affiliates (including

      
        
          

          

        

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      its investment advisor or any Affiliate thereof), (b) the definition of “disinterested” as defined in the Investment Company Act, (c) that such
        Person is not an “interested person” as defined in Section 2(a)(19) of the Investment Company Act orand (d) the
        definition of “independent” as defined in the Exchange Act.

      “Independent Valuation Provider” means any of Stout Risius Ross, Houlihan Lokey, Duff & Phelps, Murray, Devine and
        Company, Lincoln Advisors, Valuation Research Corporation and Alvarez & Marsal, or any other Independent nationally recognized third-party appraisal firm selected by the Administrative Agent in its reasonable discretion.

      “Industry Classification Group” means any industry groups mutually agreeable to the Required Lenders and the Borrower
        specified on Schedule 1.01(e) (as the same may be amended from time to time).

      “ING” means ING Capital LLC.

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

          2.05.

      “Interest Payment Date” means (a) with respect to any ABR Loan, each Quarterly Date
            and, (b) with respect to any Eurocurrency Loan, the last day of each Interest Period therefor and, in the case of any Interest Period of more than
        three months’ duration, each day prior to the last day of such Interest Period that occurs at three-month intervals after the first day of such Interest Period and (c) with respect
            to any RFR Loan, the last day of each Interest Period therefor.

      “Interest Period” means, (a) for any
        Eurocurrency Loan or Borrowing, the period commencing on the date of such Loan or Borrowing and ending on the numerically corresponding day in the calendar month that is one, two, three or six
        months (other than with respect to a Loan or Borrowing denominated in Canadian Dollars, which shall not be available for a period of six months’ duration) thereafter
        or, with respect to such portion of any Loan or Borrowing that is scheduled to be repaid on the Maturity Date, a period of less than one month’s duration commencing on the date of such Loan or Borrowing and ending on the Maturity Date, as specified
        in the applicable Borrowing Request or Interest Election Request and (b) for any RFR Loan or Borrowing, the period commencing on the date of such Loan or Borrowing and ending on the
            numerically corresponding day in the calendar month that is three months thereafter or, with respect to such portion of any Loan or Borrowing that is scheduled to be repaid on the Maturity Date, a period of less than three month’s duration
            commencing on the date of such Loan or Borrowing and ending on the Maturity Date; provided that (ai)
        if any Interest Period would end on a day other than a Business Day, such Interest Period shall be extended to the next succeeding Business Day unless such next succeeding Business Day would fall in the next calendar month, in which case such
        Interest Period shall end on the next preceding Business Day, and (bii) any Interest Period (other than an Interest
        Period that ends on the Maturity Date that is permitted to be of less than (x) with respect to any Eurocurrency Loan or Borrowing, one month’s duration and (y) with respect to any RFR Loan or Borrowing, three months’ duration, in each case, as provided in this definition) that commences on the last Business Day of a
        calendar month (or on a day for which there is no numerically corresponding day in the last calendar month of such Interest Period) shall end on the last Business Day of the last calendar month of such Interest Period.  For purposes

      
        
          

          

        

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      hereof, the date of a Loan initially shall be the date on which such Loan is made and thereafter shall be the effective date of the most recent
        conversion or continuation of such Loan, and the date of a Borrowing comprising Loans that have been converted or continued shall be the effective date of the most recent conversion or continuation of such Loans.

      “Internal Value” has the meaning assigned to such term in Section 5.12(b)(ii)(C).

      “Investment” means, for any Person: (a) Equity Interests, bonds, notes, debentures or other securities of any other
        Person (including convertible securities) or any agreement to acquire any Equity Interests, bonds, notes, debentures or other securities of any other Person (including any “short sale” or any sale of any securities at a time when such securities
        are not owned by the Person entering into such sale); (b) deposits, advances, loans or other extensions of credit made to any other Person (including purchases of property from another Person subject to an understanding or agreement, contingent or
        otherwise, to resell such property to such Person); or (c) Hedging Agreements.

      “Investment Company Act” means the Investment Company Act of 1940, as amended from time to time.

      “Investment Policies” means each of the Parent’s and the Borrower’s written investment objectives, policies,
        restrictions and limitations as in existence on the Original Effective Date (including the Borrower’s investment allocation and conflicts mitigation policy between affiliated vehicles managed directly or indirectly by the Advisor) delivered to the
        Administrative Agent prior to the Original Effective Date, as may be amended or modified from time to time by a Permitted Policy Amendment.

      “IRS” means the United States Internal Revenue Service.

      “IVP External Unquoted Value” has the meaning assigned to such term in Section 5.12(b)(ii)(B)(x).

      “IVP Tested Assets” has the meaning assigned to such term in Section 5.12(b)(ii)(B)(x).

      “Lender Letter” means, that certain second amended and restated lender letter,
          dated as of the Restatement Effective Date, by and between each Lender and the Borrower.

      “Lenders” means, collectively, the Dollar Lenders and the Multicurrency Lenders.

      “LIBO Quoted Currency” means each of the following currencies: Dollars; Euros;
          and Pounds Sterling, in each case so long as there is a published LIBO Rate with respect thereto.

      “LIBO Rate” means, for any Interest Period:

      (a)          “LIBO Rate” means, for any Interest Period, for any Eurocurrency Borrowing denominated in a LIBO Quoted Currency, (i) the
              Intercontinental ExchangeDollars, the London interbank offered rate administered by the ICE Benchmark Administration Ltd. LIBO Rate (or the successor thereto if the Intercontinental ExchangeICE
          Benchmark Administration Ltd.

      
        
          

          

        

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      is no longer making such rates available) per annum for deposits in such CurrencyDollars for a period equal in length to the Interest Period appearing on the display
        designated as Reuters Screen LIBO01 Page (or such other page on that service or such other service designated by the Intercontinental ExchangeICE Benchmark Administration Ltd. (or the successor thereto if the Intercontinental ExchangeICE Benchmark Administration Ltd. is no longer making such rates available) for the display of such Administration’s
        Interest Settlement Rates for deposits in such Currency)Dollars) or, in the event such rate does not appear on such Reuters
            page, on the appropriate page of such other information service that publishes such rate as shall be selected by the Administrative Agent from time to time in its reasonable discretion (the “LIBO Screen Rate”), as of 11:00 a.m.,
        London time, on the day that is two (2) Business Days prior to the first day of the Interest Period (or if such Reuters Screen LIBO01 Page is un-available for any reason at such time, the rate which appears on
            the Reuters Screen ISDA Page as of such date and such time), (ii) if the Administrative Agent determines that the sources set forth in clause (i) are unavailable for the relevant Interest Period, LIBO Rate for purposes of this clause (a) shall
            mean the rate of interest determined by the Administrative Agent to be the average (rounded upward, if necessary, to the nearest 1/100th of 1%) of the rates per annum at which deposits in such Currency are offered to the Administrative Agent two (2) Business Days preceding the first day of such Interest Period by leading banks in the London
            interbank market as of 11:00 a.m. for delivery on the first day of such Interest Period, for the number of days comprised therein and in an amount comparable to the amount of the Administrative Agent’s portion of the relevant Eurocurrency
            Borrowing, or (iii) subject to Section 2.11, if the Administrative Agent determines that the sources set forth in clause (i) are permanently unavailable for the relevant Interest Period, LIBO Rate for purposes of this clause (a) shall mean a
            comparable or successor rate, which rate is reasonably approved by the Administrative Agent in consultation with the Borrower and the Lenders and which rate is consistent with the then prevailing market convention for determining a rate of
            interest for syndicated loans in the applicable Currency in the United States at such time.  To the extent a comparable or successor rate is approved by the Administrative Agent in consultation with the Borrower and the Lenders in accordance
            with clause (iii) above, the approved rate shall be applied in a manner consistent with market practice; provided that to the extent such market practice is not administratively feasible for the Administrative Agent, such approved rate shall be
            applied in a manner as otherwise reasonably determined by the Administrative Agent;such Interest Period.

      “LIBO Screen Rate” has the meaning assigned to such term in the definition
          of “LIBO Rate”.

      (b)          in the case of any Eurocurrency Borrowings denominated in AUD, the AUD Bank Bill Reference Rate per annum;

      (c)          in the case of any Eurocurrency Borrowings denominated in Canadian Dollars, the CDOR Rate per annum;

      (d)          in the case of any Eurocurrency Borrowings denominated in NZD, the NZD Rate per annum; and

      (e)          for all Non-LIBO Quoted Currencies (other than Canadian Dollars, AUD or NZD), the calculation of the applicable reference rate shall be determined in accordance with market practice;

      
        
          

          

        

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      provided that if the LIBO Rate under clause (a), (b), (c), (d) or (e) is less than zero for the
          relevant Interest Period, such rate shall be deemed to be zero for such Interest Period.

      “Lien” means, with respect to any asset, (a) any mortgage, deed of trust, lien, pledge, hypothecation, encumbrance,
        charge or security interest in, on or of such asset, (b) the interest of a vendor or a lessor under any conditional sale agreement, capital lease or title retention agreement (or any financing lease having substantially the same economic effect as
        any of the foregoing) relating to such asset and (c) in the case of securities, any purchase option, call or similar right of a third party with respect to such securities, except in favor of the issuer thereof (and,
          in the case of Portfolio Investments that are equity securities, excluding customary drag-along, tag-along, right of first refusal, restrictions on assignments or transfers and other similar rights in favor of other equity holders of the same
          issuer).

      “Loan Documents” means, collectively, this Agreement, any fee letters, the Lender
            Letter, any promissory notes delivered pursuant to Section 2.07(f), the Security Documents and any other agreement, document or instrument entered into now, or in the future, by any Obligor, on the one hand, and the
        Administrative Agent, the Collateral Agent, any Lender and/or any other Secured Party, on the other hand, in connection with any of the foregoing.

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

      “Local Time” means, with respect to any Loan denominated in or any payment to be made in any Currency, the local time in
        the Principal Financial Center for the Currency in which such Loan is denominated or such payment is to be made.

      “Limited Reference Quoted Investment” has the meaning assigned to such term in Section 5.12(b)(ii)(A)(x)(iii).

      “March 2022 Convertible Notes” means the convertible senior unsecured
          notes due March 1, 2022 issued by Parent in an aggregate principal amount not to exceed $140,000,000.

      “March 2022 Convertible Notes Refinancing Distribution Period” means the period commencing on
          February 9, 2021 and ending on the March 2022 Convertible Notes Termination Date.

      

      

      “March 2022 Convertible Notes Termination Date” means the earlier of (i)
          March 1, 2022 and (ii) the date on which the March 2022 Convertible Notes are terminated (whether by way of the conversion of the March 2022 Convertible Notes, the payment in full of the March 2022 Convertible Notes, any other purchase,
          redemption, retirement or other acquisition for value of the March 2022 Convertible Notes, the setting apart for a sinking, defeasance or other analogous fund for the purchase, redemption, retirement or other acquisition of the March 2022
          Convertible Notes, or otherwise).

      “Margin Stock” means “margin stock” within the meaning of Regulations D, T, U and X.

      
        
          

          

        

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      “Material Adverse Effect” means a material adverse effect on (a) the business, Portfolio Investments of the Obligors
        (taken as a whole) and other assets, liabilities (actual or contingent), operations or condition (financial or otherwise) of the Obligors and their respective Subsidiaries (other than Financing Subsidiaries), taken as a whole, or (b) the validity
        or enforceability of any of the Loan Documents or the rights or remedies of the Administrative Agent and the Lenders thereunder or the ability of the Obligors to perform their respective obligations thereunder.

      “Material Indebtedness” means (a) Indebtedness (other than the Loans and Hedging Agreements), of any one or more of the
        Parent, the Borrower or any of their respective Subsidiaries (including any Financing Subsidiary) in an aggregate principal amount exceeding $15,000,000 and (b) obligations in respect of one or more Hedging Agreements or other swap or derivative
        transactions under which the maximum aggregate amount (after giving effect to any netting agreements) that the Parent, the Borrower and their respective Subsidiaries would be required to pay if such Hedging
            Agreement(s) or other swap or derivative transactions were terminated at such time would exceed $15,000,000.

      “Maturity Date” means (a) in the case of any Extending Lender (with respect to such Extending Lender’s Extended Loans),
        the Extended Maturity Date or (b) in the case of any Non-Extending Lender (with respect to such Non-Extending Lender’s Non-Extended Loans), the Non-Extended Maturity Date.

      “Maximum Rate” has the meaning assigned to such term in Section 9.17.

      “Minimum Utilization Amount” means, with respect to any Lender for (x) any day
            during the 2022 Convertible Notes Refinancing Distribution Period, an amount equal to zero percent (0%) of the Commitment of such Lender as of the close of business on such day and (y) any day other than a day set forth in the foregoing clause
            (x), an amount equal to forty percent (40%) of the Commitment of such Lender as of the close of business on such day.

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

      “Multicurrency CommitmentsCommitment” means, with respect to each Multicurrency Lender, the commitment of such Multicurrency Lender to make Loans denominated in Dollars and in Agreed Foreign Currencies hereunder, expressed as
        an amount representing the maximum aggregate amount of such Lender’s Revolving Multicurrency Credit Exposure hereunder, as such commitment may be (a) reduced or increased from time to time pursuant to Section 2.06 or reduced from time to
        time pursuant to Section 2.08 or as otherwise provided in this Agreement and (b) reduced or increased from time to time pursuant to assignments by or to such Lender pursuant to Section 9.04.  The aggregate amount of each Lender’s
        Multicurrency Commitment as of the FirstOmnibus Amendment Effective Date is set forth on Schedule 1.01(b),
        or in the Assignment and Assumption pursuant to which such Lender shall have assumed its Multicurrency Commitment, as applicable.  The aggregate amount of the Lenders’ Multicurrency Commitments as of the FirstOmnibus Amendment Effective Date is $212,700,000245,000,000.

      “Multicurrency Lender” means the Persons listed on Schedule 1.01(b) (as amended from time to time pursuant to Section

          2.06) as having Multicurrency Commitments and any other

      
        
          

          

        

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      Person that shall have become a party hereto pursuant to an Assignment and Assumption that provides for it to assume a Multicurrency Commitment or
        to acquire Revolving Multicurrency Credit Exposure, other than any such Person that ceases to be a party hereto pursuant to an Assignment and Assumption or otherwise in accordance with the terms hereof.

      “Multicurrency Loan” means a Loan denominated in Dollars or in an Agreed Foreign Currency made pursuant to the
        Multicurrency Commitments.

      “Multiemployer Plan” means a multiemployer plan as defined in Section 3(37) or 4001(a)(3) of ERISA that is contributed
        to by (or to which there is an obligation to contribute of) the Borrower, any Subsidiary or any ERISA Affiliate, and each such plan for the five-year period immediately following the latest date on which the Borrower, any Subsidiary or any ERISA
        Affiliate contributed to or had an obligation to contribute to such plan.

      “National Currency” means the currency, other than the Euro, of a Participating Member State.

      “Net Asset Sale Proceeds” means, with respect to any Asset Sale, an amount equal to (a) the sum of Cash payments and
        Cash Equivalents received by the Obligors from such Asset Sale (including any Cash or Cash Equivalents received by way of deferred payment pursuant to, or by monetization of, a note receivable or otherwise, but only as and when so received), minus
        (b) any costs, fees, commissions, premiums and expenses actually incurred by any Obligor directly incidental to such Asset Sale and paid in cash to a Person that is not an Affiliate of any Obligor (or if paid in cash to an Affiliate, only to the
        extent such expenses are reasonable and customary), including reasonable legal fees and expenses, minus (c) all taxes (other than income taxes) paid or reasonably estimated to be payable by any Obligor as a
          result of such Asset Sale (after taking into account any applicable tax credits or deductions that are reasonably expected to be available), minus (d) amounts

        necessary for the Borrower to make distributions sufficient in amount to achieve the objectives set forth in Section 6.05(b)(A) hereof, solely to the extent that the Required Payment Amount in or with respect to any taxable year (or any
        calendar year, as relevant) is increased as a result of such Asset Sale, minus (e) reserves for indemnification, purchase price
          adjustments or analogous arrangements reasonably estimated by the Borrower or the relevant Subsidiary in connection with such Asset Sale; provided that (i) such reserved amount shall not be included in
          the Borrowing Base and (ii) if the amount of any estimated reserves pursuant to this clause (e) exceeds the amount actually required to be paid in cash in respect of indemnification, purchase price adjustments or analogous arrangements for such
          Asset Sale, the aggregate amount of such excess shall constitute Net Asset Sale Proceeds.

      “No External Review Assets” has the meaning assigned to such term in Section 5.12(b)(ii)(B)(y).

      “Non-Consenting Lender” has the meaning assigned to such term in Section 9.02(d).

      “Non-Extended Availability Period” means, with respect to any Non-Extending Lender, the period from and including the FirstOmnibus Amendment Effective Date to but

      
        
          

          

        

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      excluding the earlier of the Non-Extended Revolver Termination Date and the date of termination of the Commitments.

      “Non-Extended Loans” means Loans or Borrowings of any Non-Extending Lender maturing on the Non-Extended Maturity Date.

      “Non-Extended Maturity Date” means, with respect to each Non-Extending Lender, May 6, 20232024.

      “Non-Extended Revolver Termination Date” means, with respect to each Non-Extending Lender, May 6, 20222023.

      “Non-Extending Lender” means each Lender designated as a “Non-Extending Lender” on Schedule 1.01(b).

      “Non-LIBO Quoted Currency” means any currency other than a LIBO Quoted
          Currency.

      “NZD” means the lawful currency of New Zealand.

      “NZD Rate” means for any Loans in NZD, (a) with respect to any Interest Period, the average bank bill reference rate as
        administered by the New Zealand Financial Markets Association (or any other Person that takes over the administration of that rate) for bills of exchange with a tenor equal in length to such Interest Period (or if such Interest Period is not equal
        to a number of months, for a term equivalent to the number of months closest to such Interest Period) as displayed on page BKBM of the Reuters screen at or about 11:00 a.m. (Wellington, New Zealand time) on the day that is two (2) Business Days
        prior to the first day of such Interest Period or, in the event such rate does not appear on such page, on any successor or substitute page on such screen that displays such rate, or on the appropriate page of such other information service that
        publishes such rate as shall be selected by the Administrative Agent from time to time in its reasonable discretion; provided that, if the rate determined in accordance with this clause (a) shall be less than zero, such rate shall be deemed
        to be zero for purposes of this clause (a) (the “NZD Screen Rate”), plus (b) 0.20%.

      “NZD Screen Rate” has the meaning assigned to such term in the definition
          of “NZD Rate.”

      “Obligors” means, collectively, the Borrower and the Subsidiary Guarantors.

      “Obligors’ Net Worth” means, at any date, Stockholders’ Equity at such date, minus the net asset value
        attributable to (or held by any Obligor in) any Financing Subsidiary or other non-Obligor Subsidiary.

      “OFAC” has the meaning assigned to such term in Section 3.20.

      “Omnibus Amendment Effective Date” means June 22, 2021.

      
        
          

          

        

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      “Organization Documents” means, for any Person, its constituent or organizational documents, including: (a) in the case
        of any limited partnership, the certificate of limited partnership and limited partnership agreement for such Person; (b) in the case of any limited liability company, the articles of formation and operating agreement for such Person; and (c) in
        the case of a corporation, the certificate or articles of incorporation and the bylaws or memorandum and articles of association for such Person.

      “Original Effective Date” means February 26, 2018.

      “Other Covered Indebtedness” means the net amount that any Obligor would be obligated to pay under any Hedging Agreement
        as a result of the termination of such Hedging Agreement as of any date of determination.

      “Other Taxes” means any and all present or future stamp, court, documentary, intangible, recording or filing Taxes or
        any other excise or property Taxes, charges or similar levies arising from any payment made under any Loan Document or from the execution, delivery, performance, enforcement or registration of, from the receipt or perfection of a security interest
        under, or otherwise with respect to, any Loan Document, except any such Taxes that are imposed with respect to an assignment (other than an assignment made pursuant to Section 2.17(b)) and as a result of a present or former connection
        between such Lender and the jurisdiction imposing such Tax (other than connections solely arising from such Lender having executed, delivered, become a party to, performed is obligations under, received payments under, received or perfected a
        security interest under, engaged in any other transaction pursuant to or enforced any Loan Documents, or sold or assigned an interest in any Loan or Loan Document).

      “Parent” means BlackRock TCP Capital Corp., a Delaware corporation.

      “Participant” has the meaning assigned to such term in Section 9.04(f).

      “Participant Register” has the meaning assigned to such term in Section 9.04(f).

      “Participating Member State” means any member state of the European Union that adopts or has adopted a common single
        currency as its lawful currency in accordance with the legislation of the European Union relating to the European Monetary Union.

      “Payment Recipient” has the meaning assigned to it in Section 8.17(a).

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

      “Pension Plan” means any employee benefit plan within the meaning of Section 3(3) of ERISA (other than a Multiemployer
        Plan) that is subject to the provisions of Title IV of ERISA or Section 412 of the Code or Section 302 of ERISA, in respect of which the Borrower, any Subsidiary or any ERISA Affiliate is (or would under Section 4069 of ERISA be deemed to be) an
        “employer” as defined in Section 3(5) of ERISA.

      “Permitted Equity Interests” means partnership interests of the Borrower that after its issuance is not subject to any
        agreement between the holder of such partnership interests and

      
        
          

          

        

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      the Borrower where the Borrower is required to purchase, redeem, retire, acquire, cancel or terminate any such partnership interests at any time.

      “Permitted Foreign Jurisdiction” means Australia, Canada, France, Germany, Ireland, Italy, Luxembourg, New Zealand,
        Sweden, Switzerland, the Netherlands and the United Kingdom.

      “Permitted Liens” means (a) Liens imposed by any Governmental Authority for taxes, assessments or charges not yet due or
        that are being contested in good faith and by appropriate proceedings if adequate reserves with respect thereto are maintained on the books of the Borrower in accordance with GAAP; (b) Liens of clearing agencies, broker-dealers and similar Liens
        incurred in the ordinary course of business, provided that such Liens (i) attach only to the securities (or proceeds) being purchased or sold and (ii) secure only obligations incurred in connection with such purchase or sale, and not any obligation
        in connection with margin financing; (c) Liens arising out of judgments or awards that have been in force for less than the applicable period for taking an appeal so long as such judgments or awards do not constitute an Event of Default;
        (d) customary rights of setoff and liens upon (i) deposits of cash in favor of banks or other depository institutions in which such cash is maintained in the ordinary course of business, (ii) cash and financial assets held in securities accounts in
        favor of banks and other financial institutions with which such accounts are maintained in the ordinary course of business and (iii) assets held by a custodian in favor of such custodian in the ordinary course of business, in the case of each of
        clauses (i) through (iii) above, securing payment of fees, indemnities, charges for returning items and other similar obligations; (e)  Eligible Liens; and (f) Liens in favor of any escrow agent solely on and in respect of any cash earnest money
        deposits made by any Obligor in connection with any letter of intent or purchase agreement (to the extent that the acquisition or disposition with respect thereto is otherwise permitted hereunder).

      “Permitted Policy Amendment” is an amendment, modification, termination or restatement of the Investment Policies, that
        is (a) approved in writing by the Administrative Agent (with the consent of the Required Lenders), (b)  required by applicable law or Governmental Authority, or (c) not material.

      “Permitted SBIC Guarantee” means a guarantee by the Borrower of SBA Indebtedness of an SBIC Subsidiary on the SBA’s then
        applicable form; provided that the recourse to the Obligors thereunder is expressly limited only to periods after the occurrence of an event or condition that is an impermissible change in the control of such SBIC Subsidiary (it being
        understood that, as provided in Section 7.01(q), it shall be an Event of Default hereunder if any such event or condition giving rise to such recourse occurs).

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

      “Plan” means any employee benefit plan within the meaning of Section 3(3) of ERISA (other than a Multiemployer Plan) in
        respect of which the Borrower, any Subsidiary or any ERISA Affiliate is (or would under Section 4069 of ERISA be deemed to be) an “employer” as defined in Section 3(5) of ERISA, including, without limitation, any Pension Plan.

      
        
          

          

        

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      “Portfolio Company” means the issuer or obligor under any Portfolio Investment held by any Obligor.

      “Portfolio Investment” means any Investment held by the Borrower and its Subsidiaries in their asset portfolio that is
        (or will, at the end of the then current fiscal quarter, be included) on the schedule of investments on the financial statements of the Borrower delivered pursuant to Section 5.01(a) or (c) and, for the avoidance of doubt, shall not
        include a Subsidiary.

      “Pounds Sterling” means the lawful currency of England.

      “Prime Rate” means the rate of interest quoted in The Wall Street Journal,
        Money Rates Section, as the “U.S. Prime Rate” (or its successor), as in effect from time to time 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).  The Prime Rate is a reference rate and does not necessarily represent the lowest or best rate actually charged to any customer.  The Administrative
        Agent or any Lender may make commercial loans or other loans at rates of interest at, above, or below the Prime Rate.  Any change in the Prime Rate shall take effect at the opening
            of business on the day such change is publicly announced or quoted as being effective.

      “Principal Financial Center” means, in the case of any Currency, the principal financial center where such Currency is
        cleared and settled, as determined by the Administrative Agent.

      “Pro-Rata Borrowing” has the meaning assigned to such term in Section 2.03(a).

      “Pro-Rata Dollar Portion” means, in connection with any Pro-Rata Borrowing, an amount equal to (i) the aggregate amount
        of such Pro-Rata Borrowing multiplied by (ii) the aggregate Dollar Commitments of all Dollar Lenders (other than any Non-Extending Lenders on and after the Non-Extended Revolver Termination Date to the Non-Extended Maturity Date) at such time
        divided by (iii) the aggregate Commitments of all Lenders (other than any Non-Extending Lenders on and after the Non-Extended Revolver Termination Date to the Non-Extended Maturity Date) at such time.

      “Pro-Rata Multicurrency Portion” means, in connection with any Pro-Rata Borrowing in Dollars, an amount equal to (i) the
        aggregate amount of such Pro-Rata Borrowing multiplied by (ii) the aggregate Multicurrency Commitments of all Multicurrency Lenders (other than any Non-Extending Lenders on and after the Non-Extended Revolver Termination Date to the Non-Extended
        Maturity Date) at such time divided by (iii) the aggregate Commitments of all Lenders (other than any Non-Extending Lenders on and after the Non-Extended Revolver Termination Date to the Non-Extended Maturity Date) at such time.

      “Quarterly Dates” means the last Business Day of March, June, September and December in each year.

      
        
          

          

        

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      “Quoted Investments” has the meaning assigned to such term in Section 5.12(b)(ii)(A).

      “Refinancing Contribution” means any(a) the capital contribution to the Borrower by the Parent of $173,152,000 made on February 9, 2021 and (b) without duplication, any other capital contribution to or investment in the Borrower by the
        Parent after the First Amendment Effective Date (and, solely in connection with refinancing the March 2022 Convertible Notes, prior to the

            two month anniversary of the Fourth Amendment Effective DateMarch 22, 2021) in connection with which, on or prior to the date of such capital
        contribution or investment (or such later date designated by the Borrower subject to the Administrative Agent’s prior written consent in its sole discretion, which may include by
            e-mail), the Borrower delivers a certificate to the Administrative Agent certifying that an amount of cash equal to all or a portion of the cash proceeds received by the Borrower on account of such capital contribution or investment
        shall be distributed by the Borrower to the Parent for the sole purpose of refinancing outstanding unsecured indebtedness of the Parent within six (6) months following the date of such contribution or investment (or, in connection with refinancing
        the 2022 Convertible Notes, during the 2022 Convertible Notes Refinancing Distribution Period).

       

      “Refinancing Distribution” means each distribution by the Borrower to the Parent made after the First Amendment
        Effective Date (a) pursuant to and in compliance with Section 6.05(b)(B), (b) that is designated for the sole purpose of refinancing outstanding unsecured indebtedness
        of the Parent and, promptly upon receipt of such distribution, the Parent uses such proceeds to payoff all or a portion of such outstanding unsecured indebtedness of the Parent, and (c) the aggregate amount of (x) such distribution, together with
        all other Refinancing Distributions made in the six (6) months immediately preceding such distribution date, does not exceed the aggregate amount of Refinancing Contributions in the six (6) months immediately preceding such distribution date, in
        each case under this clause (x), excluding the aggregate amount of Refinancing Distributions made in connection with refinancing the 2022 Convertible Notes, and (y) such distribution, to the extent made in connection with refinancing the 2022 Convertible Notes, together with all other Refinancing
        Distributions made during the 2022 Convertible Notes Refinancing Distribution Period in connection with refinancing the 2022 Convertible Notes,

        does not exceed the aggregate amount of Refinancing Contributions made in connection with refinancing the 2022 Convertible Notes during the 2022 Convertible

          Notes Refinancing Distribution Period.  For the avoidance of doubt, (i) no Refinancing Distribution may exceed the indebtedness of Parent being refinanced with the proceeds of such Refinancing Distribution and (ii) any Refinancing
        Contribution that is not distributed to the Parent within six (6) months of the date it was first contributed or invested in the Borrower (or, with respect to any Refinancing Contribution made in connection with refinancing the 2022 Convertible Notes, during the 2022 Convertible Notes Refinancing Distribution Period) shall not be eligible to be deemed to be a Refinancing
        Distribution.

      “Register” has the meaning assigned to such term in Section 9.04(c).

      “Regulations D, T, U and X” means, respectively, Regulations D, T, U and X of the Board (or any successor), as the same
        may be modified and supplemented and in effect from time to time.

      
        
          

          

        

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

      “Relevant Governmental Body” means (i) with respect to a Benchmark Replacement in respect of Loans denominated in Dollars, the Board or the Federal Reserve Bank of New York, or a committee
            officially endorsed or convened by the Board or the Federal Reserve Bank of New York, or any successor thereto, (ii) with respect to a Benchmark Replacement in respect of Loans denominated in Pounds Sterling, the Bank of England, or a committee
            officially endorsed or convened by the Bank of England, or any successor thereto and (iii) with respect to any Benchmark Replacement in respect of Loans denominated in any Foreign Currency other than Pounds Sterling, (a) the central
        bank for the currency in which the LIBO Ratesuch Benchmark Replacement is denominated or any central bank or other supervisor which is responsible for supervising either the LIBO Rate or the administrator of the LIBO Rate or (b) any working group or committee officially endorsed or convened by (i1) the central bank for the currency in which the LIBO Ratesuch Benchmark Replacement is denominated, (ii2)
        any central bank or other supervisor whichthat is responsible for supervising either the

            LIBO Rate or(A) such Benchmark Replacement or (B) the administrator of the LIBO Ratesuch Benchmark Replacement, (iii3) a group
        of those central banks or other supervisors or (iv4) the Financial Stability Board or any part thereof.

      “Relevant Rate” means, for any Interest Period, (a) in the case of any
          Eurocurrency Borrowing denominated in Dollars, the Adjusted LIBO Rate, (b) in the case of any Eurocurrency Borrowing denominated in Euros, the EURIBO Screen Rate per annum, (c) in the case of any Eurocurrency Borrowing denominated in AUD, the AUD
          Bank Bill Reference Rate per annum, (d) in the case of any Eurocurrency Borrowing denominated in Canadian Dollars, the CDOR Rate per annum, (e) in the case of Eurocurrency Borrowings denominated in NZD, the NZD Rate per annum and (f) for all
          other Currencies (other than Pounds Sterling) not specified in clauses (a) through (e) above, the calculation of the applicable reference rate shall be determined in accordance with market practice; provided that if the applicable Screen Rate
          shall not be available for such Interest Period and/or for the applicable Currency with respect to such Eurocurrency Borrowing for any reason, then the rate determined in accordance with Section 2.11(c) shall be the Relevant Rate for such
          Interest Period for such Eurocurrency Borrowing; provided further that, if the Relevant Rate under clause (a) or (f) is less than zero for the relevant Interest Period, such rate shall be deemed to be zero for such Interest Period.

      “Required Lenders” means, at any time, subject to Section 2.16(b), Lenders having Revolving Credit Exposures and
        unused Commitments representing more than 50% of the sum of the total Revolving Credit Exposures and unused Commitments at such time; provided that, (a) if there are only three (3) Lenders at such time, “Required Lenders” shall mean
        Lenders having Revolving Credit Exposures and unused Commitments representing more than 67% of the sum of the total Revolving Credit Exposures and unused Commitments at such time and (b) if there are only two (2) Lenders at such time, “Required
          Lenders” shall mean all Lenders.  The “Required Lenders” of a Class (which shall include the term “Required Multicurrency Lenders”) means Lenders having Revolving Credit Exposures and unused Commitments of such Class representing more than
        50% of the sum of the total Revolving Credit Exposures and unused Commitments of such Class (or, if there are only three (3) Lenders of such Class at such time, 67% of the sum of

      
        
          

          

        

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      the total Revolving Credit Exposures and unused Commitments of such Class and, if there are only two (2) Lenders of such Class at such time, all
        Lenders in such Class).

      “Required Payment Amount” has the meaning assigned to such term in Section 6.05(b)(A).

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

      “Restatement Effective Date” means May 6, 2019.

      “Restricted Payment” means (i) any
        dividend or other distribution (whether in cash, securities or other property) with respect to any class of Equity Interests of the Borrower or any of its Subsidiaries, or (including, for the avoidance of doubt, any return of capital to any investor capacity as such) and (ii) any payment (whether in cash, securities or other property), including any sinking
        fund or similar deposit, on account of the purchase, redemption, retirement, acquisition, cancellation, return or termination of any such Equity Interests of the Borrower
        or any option, warrant or other right to acquire any such Equity Interests (other than any equity awards granted to employees, officers, directors and consultants of the
        Borrower and its Affiliates).

      “Return of Capital” means an amount equal to (i) (a) any cash amount (and net cash proceeds of any noncash amount)
        received by any Obligor at any time in respect of the outstanding principal of any Portfolio Investment (whether at stated maturity, by acceleration or otherwise), plus (b)

        without duplication of amounts received under clause (a), any net cash proceeds (including net cash proceeds of any noncash consideration) received by any Obligor at any time from the sale of any property or assets pledged as collateral in respect
        of any Portfolio Investment to the extent such net cash proceeds are less than or equal to the outstanding principal balance of such Portfolio Investment, plus (c)

        any cash amount (and net cash proceeds of any noncash amount) received by any Obligor at any time in respect of any Portfolio Investment that is an Equity Interest (x) upon the liquidation or dissolution of the issuer of such Portfolio Investment,
        (y) as a distribution of capital made on or in respect of such Portfolio Investment, or (z) pursuant to the recapitalization or reclassification of the capital of the issuer of such Portfolio Investment or pursuant to the reorganization of such
        issuer, plus (d) any similar return of capital received by any Obligor in cash (and net cash proceeds of any noncash amount) in respect of any Portfolio Investment orplus (e) (ix) any cash amount (and net cash proceeds of any noncash amount) received by any Obligor at any time in respect of any Financing Subsidiary (w1) upon the liquidation or dissolution of such Financing Subsidiary, (x2) as a distribution of capital made on or in respect of such Financing Subsidiary, or (y3) pursuant to the recapitalization or reclassification of the capital of such Financing Subsidiary or pursuant to the reorganization of such Financing Subsidiary or (iiy) any other return of capital received by any Obligor in cash (and net cash proceeds of noncash amounts) in respect of any Financing Subsidiary minus (ii) (xa) any costs, fees, commissions, premiums and expenses actually incurred by any Obligor directly incidental to such cash receipts and paid in cash to a Person that is not an Affiliate of an Obligor (or if paid to
            an Affiliate, only to the extent such expenses are reasonable and customary), including reasonable legal fees and expenses and (yb) amounts necessary for the Borrower to make distributions sufficient in amount to achieve the objectives set forth in Section 6.05(b)(A) hereof, solely to the extent that the Required
        Payment

      
        
          

          

        

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      Amount in or with respect to any taxable year (or any calendar year, as relevant) is increased as a result of such Return of Capital.

      “Revolver Termination Date” means the Extended Revolver Termination Date or the Non-Extended Revolver Termination Date,
        as applicable.

      “Revolving Credit Exposure” means, with respect to any Lender at any time, the sum of the outstanding principal amount
        of such Lender’s Revolving Dollar Credit Exposure and Revolving Multicurrency Credit Exposure at such time.

      “Revolving Dollar Credit Exposure” means, with respect to any Lender at any time, the sum of the outstanding principal
        amount of such Lender’s Loans at such time made or incurred under the Dollar Commitments.

      “Revolving Multicurrency Credit Exposure” means, with respect to any Lender at any time, the sum of the outstanding
        principal amount of such Lender’s Loans at such time made or incurred under the Multicurrency Commitments.

      “RFR”, when used in reference to any Loan or Borrowing, refers to whether
          such Loan, or the Loans constituting such Borrowing, are bearing interest at a rate determined by reference to Daily Simple RFR.

      “RFR Business Day” means, for any Loan denominated in Pounds Sterling, any
          day except for (a) a Saturday or a Sunday and (b) a day on which banks are closed for general business in London.

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

      “RFR Reference Day” means the day that is a certain number of Business
          Days prior to the applicable RFR Interest Day that has been selected by the Administrative Agent and the Borrower giving due consideration to any evolving or then-prevailing market convention, including any applicable recommendations made by the
          Relevant Governmental Body, for syndicated credit facilities denominated in Pounds Sterling at such time.  Notwithstanding anything to the contrary herein or in any other Loan Document, any amendments implementing such lookback period will become
          effective without any further action or consent of any party to this Agreement or any other Loan Document other than the Administrative Agent, in consultation with the Borrower.

      “RIC” means a Person qualifying for treatment as a “regulated investment company” under Subchapter M of the Code.

      “S&P” means S&P Global Ratings, a division of S&P Global Inc., a New York corporation, or any successor
        thereto.

      “Same Day Cap” means the lesser of (i) $60,000,000 and (ii) 30% of the total Commitments at such time.

      
        
          

          

        

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      “Sanctioned Country” means, at any time, a country, territory or region that is, or whose government is, the subject or
        target of any Sanctions.

      “Sanctions” has the meaning assigned to such term in Section 3.20.

      “SBA” means the United States Small Business Administration or any Governmental Authority succeeding to any or all of
        the functions thereof.

      “SBIC Subsidiary” means any Subsidiary of the Borrower (or such Subsidiary’s general partner or manager entity) that is
        (x)  either (i) a “small business investment company” licensed by the SBA (or that has applied for such a license and is actively pursuing the granting thereof by appropriate proceedings promptly instituted and diligently conducted) under the Small
        Business Investment Act of 1958, as amended, or (ii) any wholly-owned, direct or indirect, Subsidiary of an entity referred to in clause (x)(i) of this definition, and (y) designated in writing by the Borrower (as provided below) as an SBIC
        Subsidiary, so long as:

      (a)          other than
          pursuant to a Permitted SBIC Guarantee or the requirement by the SBA that the Borrower make an equity or capital contribution to the SBIC Subsidiary in connection with its incurrence of SBA Indebtedness (provided that such contribution is permitted by Section 6.03(e) and is made substantially
            contemporaneously with such incurrence), no portion of the Indebtedness or any other obligations (contingent or otherwise) of such Person (i) is Guaranteed by the Borrower or any of its Subsidiaries (other than any SBIC Subsidiary),
          (ii) is recourse to or obligates the Borrower or any of its Subsidiaries (other than any SBIC Subsidiary) in any way, or (iii) subjects any property of the Borrower or any of its Subsidiaries (other than any SBIC Subsidiary) to the satisfaction
          thereof;

      (b)          other than
          pursuant to a Permitted SBIC Guarantee, neither the Borrower nor any of its Subsidiaries has any material contract, agreement, arrangement or understanding with such Person other than on terms no less favorable to the Borrower or such Subsidiary
          than those that might be obtained at the time from Persons that are not Affiliates of the Borrower or such Subsidiary;

      (c)          neither the
          Borrower nor any of its Subsidiaries (other than any SBIC Subsidiary) has any obligation to such Person to maintain or preserve its financial condition or cause it to achieve certain levels of operating results; and

      (d)          such Person
          has not Guaranteed or become a co-borrower under, and has not granted a security interest in any of its properties to secure, and the Equity Interests it has issued are not pledged to secure, in each case, any Indebtedness, liabilities or
          obligations of any one or more of the Obligors.

      Any designation by the Borrower under clause (y) above shall be effected pursuant to a certificate of a Financial Officer
        delivered to the Administrative Agent, which certificate shall include a statement to the effect that, to the best of such Financial Officer’s knowledge, such designation complied with the foregoing conditions.

      
        
          

          

        

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      “Scheduled Payment Date” means, with respect to each Lender, (a) with respect to any ABR Loan or RFR Loan, the last Business Day of each calendar month and (b) with respect to any Eurocurrency Loan, the last day of each Interest Period therefor and, in the case of any Interest
        Period of more than one month’s duration, each day prior to the last day of such Interest Period that occurs at one-month intervals after the first day of such Interest Period, in each case, after such Lender’s Revolver Termination Date through and
        including such Lender’s Maturity Date.

      “Screen Rate” means the LIBO Screen Rate, EURIBO Screen Rate, CDOR Screen
          Rate, AUD Screen Rate and NZD Screen Rate, collectively and individually as the context may require.

      “SEC” means the United States Securities and Exchange Commission or any Governmental Authority succeeding to any or all
        of the functions thereof.

      “Secured Obligations” has the meaning assigned to such term in the Guarantee and Security Agreement.

      “Secured Party” and “Secured Parties” have the meaning assigned to such terms in the Guarantee and Security
        Agreement.

      “Security Documents” means, collectively, the Guarantee and Security Agreement, the Custodial and Account Control
        Agreement, all Uniform Commercial Code financing statements filed with respect to the security interests in personal property created pursuant to the Guarantee and Security Agreement, and all other assignments, pledge agreements, security
        agreements, control agreements and other instruments executed and delivered at any time by any of the Obligors pursuant to the Guarantee and Security Agreement or otherwise providing or relating to any collateral security for any of the Secured
        Obligations.

      “Senior Securities” means senior securities (as such term is defined and determined pursuant to the Investment Company
        Act and any orders of the SEC issued to the Borrower or the Parent thereunder, in each case, as in effect on the Omnibus Amendment Effective Date but excluding the effects of SEC
            Release No. 33837/April 8, 2020).

      “Settlement-Date Basis” means that any Investment that has been purchased will not be treated as an Eligible Portfolio
        Investment until such purchase has settled, and any Eligible Portfolio Investment which has been sold will not be excluded as an Eligible Portfolio Investment until such sale has settled.

      “Similar Law” means any U.S. federal, state, local, non-U.S. or other law
          or regulation that is similar to Section 406 of ERISA or Section 4975 of the Code and could cause the underlying assets of any Person to be treated as assets of any employee benefit plan that invests in such Person.

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

      
        
          

          

        

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      Website.York, currently
            at http://www.newyorkfed.org (or any successor source for the secured overnight financing rate identified as such by the administrator of the secured overnight financing rate from time to time).

      “Solvent” means, with respect to any Obligor, that as of the date of determination, both (a) (i) the sum of such
        Obligor’s debt and liabilities (including contingent liabilities) does not exceed the present fair saleable value of such Person’s present assets, (ii) such Obligor’s capital is not unreasonably small in relation to its business as contemplated on
        the FirstOmnibus Amendment Effective Date and reflected in any projections delivered to the Lenders or with respect
        to any transaction contemplated or undertaken after the FirstOmnibus Amendment Effective Date, and (iii) such
        Obligor has not incurred and does not intend to incur, or believe (nor should it reasonably believe) that it will incur, debts beyond its ability to pay such debts as they become due (whether at maturity or otherwise); and (b) such Obligor is
        “solvent” within the meaning given to such term and similar terms under applicable laws relating to fraudulent transfers and conveyances.  For purposes of this definition, the amount of any contingent liability at any time shall be computed as the
        amount that, in light of all of the facts and circumstances existing at such time, represents the amount that can reasonably be expected to become an actual or matured liability (irrespective of whether such contingent liabilities meet the criteria
        for accrual under Statement of Financial Accounting Standard No. 5).

      “SONIA” means, with respect to any RFR Business Day, a rate per annum
          equal to the sterling overnight index average for such RFR Business Day published by the Bank of England (or any successor administrator of the sterling overnight index average) on the Bank of England’s website, currently at
          http://www.bankofengland.co.uk (or any successor source for the sterling overnight index average identified as such by the administrator for the sterling overnight index average from time to time).

      “Standard Securitization Undertakings” means, collectively, (a) customary arm’s-length servicing obligations (together
        with any related performance guarantees), (b) obligations (together with any related performance guarantees) to refund the purchase price or grant purchase price credits for breach of representations and warranties referred to in clause (c), and
        (c) representations, warranties, covenants and indemnities (together with any related performance guarantees) of a type that are reasonably customary in securitizations of the relevant asset class (in each case in clauses (a), (b) and (c) excluding
        obligations related to the collectability of the assets sold or the creditworthiness of the underlying obligors and excluding obligations that constitute credit recourse).

      “Statutory Reserve Rate” means, for the Interest Period for any Eurocurrency Borrowing, a fraction (expressed as a
        decimal), the numerator of which is the number one and the denominator of which is the number one minus the arithmetic mean, taken over each day in such Interest Period, of the aggregate of the maximum reserve percentages (including any
        marginal, special, emergency or supplemental reserves) expressed as a decimal established by the Board to which the Administrative Agent is subject for eurocurrency funding (currently referred to as “Eurocurrency liabilities” in Regulation D). 
        Such reserve percentages shall include those imposed pursuant to Regulation D.  Eurocurrency Loans shall be deemed to constitute eurocurrency funding and to be subject to such reserve requirements without benefit of or credit for proration,
        exemptions or offsets that may be available from time to time to any Lender under Regulation D or any

      
        
          

          

        

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      comparable regulation.  The Statutory Reserve Rate shall be adjusted automatically on and as of the effective date of any change in any reserve
        percentage.

      “Stockholders’ Equity” means, at any date, the amount determined on a consolidated basis, without duplication, in
        accordance with GAAP, of equity holders’ equity for the Borrower and its Subsidiaries at such date.

      “Structured Subsidiaries” means a direct or indirect Subsidiary of the Borrower which is formed in connection with, and
        which continues to exist for the sole purpose of, third-party financings (including prior to the Original Effective Date) and which engages in no material activities other than in connection with the purchase, management, servicing and financing of
        Portfolio Investments from the Obligors or any other Person, and which is designated by the Borrower (as provided below) as a Structured Subsidiary, so long as:

      (a)          no portion of the Indebtedness or any other
          obligations (contingent or otherwise) of such Subsidiary (i) is Guaranteed by any Obligor (other than Guarantees in respect of Standard Securitization Undertakings), (ii) is recourse to or obligates any Obligor in any way other than pursuant to
          Standard Securitization Undertakings or (iii) subjects any property of any Obligor (other than property that has been contributed or sold or otherwise transferred to such Subsidiary in accordance with the terms Section 6.03(e)), directly
          or indirectly, contingently or otherwise, to the satisfaction thereof, other than pursuant to Standard Securitization Undertakings or any Guarantee thereof;

      

      

      (b)          no Obligor has any material contract, agreement,
          arrangement or understanding with such Subsidiary other than on terms no less favorable to such Obligor than those that might be obtained at the time from Persons that are not Affiliates of any Obligor, other than fees payable in the ordinary
          course of business in connection with servicing loan assets; and

      

      

      (c)          no Obligor has any obligation to maintain or
          preserve such entity’s financial condition or cause such entity to achieve certain levels of operating results.

      

      

      Any designation of a Structured Subsidiary by the Borrower shall be effected pursuant to a certificate of a Financial Officer
        delivered to the Administrative Agent, which certificate shall include a statement to the effect that, to the best of such Financial Officer’s knowledge, such designation complied with the foregoing conditions.

      “Subsidiary” means, with respect to any Person (the “parent”) at any date, any corporation, limited liability
        company, partnership, association or other entity the accounts of which would be consolidated with those of the parent in the parent’s consolidated financial statements if such financial statements were prepared in accordance with GAAP as of such
        date, as well as any other corporation, limited liability company, partnership, association or other entity (a) of which securities or other ownership interests representing more than 50% of the equity or more than 50% of the ordinary voting power
        or, in the case of a partnership, more than 50% of the general partnership interests are, as of such date, owned, controlled or held, or (b) that is, as of such date, otherwise Controlled by the parent or one or more subsidiaries of the parent or
        by the parent and one or more subsidiaries of the parent.  Anything herein to the contrary notwithstanding, the term “Subsidiary” shall not include any Person that constitutes an Investment held by any

      
        
          

          

        

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      Obligor in the ordinary course of business and that is not, under GAAP, consolidated on the financial statements of the Borrower and its
        Subsidiaries.  Unless otherwise specified, “Subsidiary” means a Subsidiary of the Borrower.

      “Subsidiary Guarantor” means any Subsidiary that is or is required to be a guarantor under the Guarantee and Security
        Agreement.  It is understood and agreed that, subject to Section 5.08(a), no Financing Subsidiary shall be required to be a Subsidiary Guarantor as long as it remains a Financing Subsidiary.

      “TARGET Day” means any day on which the TARGET2 is open.

      “TARGET2” means the Trans-European Automated Real-time Gross Settlement
          Express Transfer (TARGET2) payment system (or, if such payment system ceases to be operative, such other payment system reasonably determined by the Administrative Agent to be a suitable replacement) for the settlement of payments in Euros.

      “Tax Damages” has the meaning assigned to such term in Section 2.14(d).

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

      “Tennenbaum Parties” means the General Partner, the Advisor, the Parent, the Obligors and the Obligors’ Subsidiaries.

      “Termination Date” means the date on which the Commitments have expired or been terminated and the principal of and
        accrued interest on each Loan and all fees and other amounts payable hereunder shall have been paid in full (excluding, for the avoidance of doubt, any amount in connection with any contingent, unasserted indemnification obligations).

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

      “Transactions” means the execution, delivery and performance by the BorrowerObligors of this Agreement and the other Loan Documents, the borrowing of Loans, and the use of the proceeds thereof.

      “Two Largest Industry Classification Groups” means, as of any date of determination, each of the two Industry
        Classification Groups to which a greater portion of the Borrowing Base has been assigned pursuant to Section 5.12(a) than any other single Industry Classification Group.

      “Type”, when used in reference to any Loan or Borrowing, refers to whether the rate of interest on such Loan, or on the
        Loans constituting such Borrowing, is determined by reference to the Adjusted LIBO Rate or, the Alternate Base Rate, EURIBO Screen Rate, AUD Bank Bill Reference Rate, CDOR Rate, NZD Rate or Daily Simple RFR.

      
        
          

          

        

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

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

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

      “Undisclosed Administration” means, in relation to a Lender or its direct or indirect parent company, the appointment of
        an administrator, provisional liquidator, conservator, receiver, trustee, custodian or other similar official by a supervisory authority or regulator under or based on the law in the country where such Lender or its direct or indirect parent
        company is subject to home jurisdiction supervision if applicable law requires that such appointment is not to be publicly disclosed and such appointment has not been publicly disclosed (including, without limitation, under the Dutch Financial
        Supervision Act 2007 (as amended from time to time and including any successor legislation)).

      “Unfunded Pension Liability” of any Pension Plan shall mean the amount, if any, by which the value of the accumulated
        plan benefits under such Pension Plan, determined on a plan termination basis in accordance with actuarial assumptions at such time consistent with those prescribed by the PBGC for purposes of Section 4044 of ERISA, exceeds the fair market value of
        all plan assets allocable to such liabilities under Title IV of ERISA (excluding any accrued but unpaid contributions).

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

      “Unquoted Investments” has the meaning assigned to such term in Section 5.12(b)(ii)(B).

      “USA PATRIOT Act” has the meaning assigned to such term in Section 3.21.

      “U.S. Government Securities” means securities that are direct obligations of, and obligations the timely payment of
        principal and interest on which is fully guaranteed by, the United States or any agency or instrumentality of the United States the obligations of which are backed by the full faith and credit of the United States and in the form of conventional
        bills, bonds, and notes.

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

      “Valuation Testing Date” has the meaning assigned to such term in Section 5.12(b)(ii)(B)(x).

      
        
          

          

        

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      “wholly owned Subsidiary” of any person shall mean a Subsidiary of such Person, all of the Equity Interests of which
        (other than directors’ qualifying shares or nominee or other similar shares required pursuant to applicable law) are owned by such Person and/or one or more wholly owned Subsidiaries of such Person.  Unless the context otherwise requires, “wholly
        owned Subsidiary Guarantor” shall mean a wholly owned Subsidiary that is a Subsidiary Guarantor.

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

      “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 or
        suspend any obligation in respect of that liability or any of the powers under the Bail-In Legislation that are related to or ancillary to any of those powers.

      SECTION 1.02.          Classification of
            Loans and Borrowings.  For purposes of this Agreement, Loans may be classified and referred to by Class (e.g., a “Dollar Loan” or a “Multicurrency Loan”), by Type (e.g., an “ABR Loan” or a “Eurocurrency Loan”) or by Class and Type (e.g., a
          “Multicurrency Eurocurrency Loan”).  Borrowings also may be classified and referred to by Class (e.g., a “Dollar Borrowing” or a “Multicurrency Borrowing”), by Type (e.g., an “ABR Borrowing” or a “Eurocurrency Borrowing”) or by Class and Type (e.g., a “Multicurrency Eurocurrency Borrowing”).  Loans and Borrowings may also be identified by Currency.

      SECTION 1.03.          Terms Generally. 

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

          “hereof” and “hereunder”, and words of similar import, shall be construed to refer to this Agreement in its entirety and not to any particular provision hereof, (d) all references herein to Articles, Sections, Exhibits and Schedules shall be
          construed to refer to Articles and Sections of, and Exhibits and Schedules to, this Agreement and (e) the words “asset” and “property” shall be construed to have the same

      
        
          

          

        

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      meaning and effect and to refer to any and all tangible and intangible assets and properties, including cash, securities, accounts and contract
        rights.  Solely for purposes of this Agreement, any references to “obligations” owed by any Person under any Hedging Agreement or other swap or derivative transactions shall

        refer to the amount that would be required to be paid by such Person if such Hedging Agreement or other swap or derivative transactions were terminated at such time
        (after giving effect to any legally enforceable netting agreement).

      SECTION 1.04.          Accounting Terms;
            GAAP.  Except as otherwise expressly provided herein, all terms of an accounting or financial nature shall be construed in accordance with GAAP, as in effect from time to time; provided that, if the Borrower notifies the
          Administrative Agent that the Borrower requests an amendment to any provision hereof to eliminate the effect of any change occurring after December 15, 2018 in GAAP or in the application or interpretation thereof on the operation of such
          provision (or if the Administrative Agent notifies the Borrower that the Required Lenders request an amendment to any provision hereof for such purpose), then the Borrower, the Administrative Agent and the Lenders agree to enter into negotiations
          in good faith in order to amend such provisions of this Agreement so as to equitably reflect such change to comply with GAAP with the desired result that the criteria for evaluating the Borrower’s financial condition shall be the same after such
          change to comply with GAAP as if such change had not been made; provided, however, until such amendments to equitably reflect such changes are effective and agreed to by the Borrower, the Administrative Agent and the Required
          Lenders, the Borrower’s compliance with such financial covenants shall be determined on the basis of GAAP as in effect and applied immediately before such change in GAAP becomes effective.  Notwithstanding the foregoing or anything herein to the
          contrary, the Borrower covenants and agrees with the Lenders that whether or not the Borrower may at any time adopt Financial Accounting Standard No. 159 (or successor standard solely as it relates to fair value liabilities) or Accounting
          Standard Codification 825, all determinations relating to fair value accounting for liabilities or compliance with the terms and conditions of this Agreement shall be made on the basis that the Borrower has not adopted Financial Accounting
          Standard No. 159 (or successor standard solely as it relates to fair value liabilities) or Accounting Standard Codification 825.  In addition, notwithstanding Accounting Standards Update 2015-03, GAAP or
          any other matter, for purposes of calculating any financial or other covenants hereunder, debt issuance costs shall not be deducted from the related debt obligation.  Notwithstanding any other provision contained herein, solely with respect to
          any change in GAAP after December 15, 2018 with respect to the accounting for leases as either operating leases or capital leases, any lease that is not (or would not be) a capital lease under GAAP as in effect on December 15, 2018 shall not be
          treated as a capital lease, and any lease that would be treated as a capital lease under GAAP as in effect on December 15, 2018 shall continue to be treated as a capital lease, hereunder and under the other Loan Documents, notwithstanding such
          change in GAAP after December 15, 2018, and all determinations of Capital Lease Obligations shall be made consistently therewith (i.e., ignoring any such changes in GAAP after December 15, 2018).

      SECTION 1.05.          Interest Rates; LIBO Screen Rate Notification.  The Administrative Agent does not
              warrant or accept responsibility for, and shall not have any liability with respect to, the administration, submission or any other matter related to the rates in the definition of “LIBO Rate” or with respect to any comparable or successor
              rate thereto, or replacement rate therefor.

      
        
          

          

        

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      .  The interest rate on Eurocurrency Loans is determined by reference to
          the Relevant Rate, which, in the case of Dollars is derived from the London interbank offered rate.  The London interbank offered rate is intended to represent the rate at which contributing banks may obtain short-term borrowings from each other
          in the London interbank market.  In July 2017, the U.K. Financial Conduct Authority (the “FCA”), the regulatory supervisor of LIBOR’s administrator, the ICE Benchmark Administration (together with any successor to the ICE Benchmark Administrator,
          the “IBA”), announced that, after the end of 2021, it would no longer persuade or compel contributing banks to make rate submissions to the IBA for purposes of the IBA setting the London interbank offered rate. In March 2021, both the FCA and IBA
          issued statements confirming that the publication of Pounds Sterling, CHF, Euros and JPY London interbank offered rate (all tenors) and Dollar LIBO Rate (1-Week and 2-Month) shall cease at the end of 2021.  The IBA stated it will publish the
          remaining Dollar LIBO Rate tenors (1-, 3-, 6- and 12-Month) until the end of June 2023. As a result, commencing in 2022, the London interbank offered rate may no longer be available or may no longer be deemed an appropriate reference rate upon
          which to determine the interest rate for the Loans denominated in Dollars. In light of this eventuality, public and private sector industry initiatives are currently underway to identify new or alternative reference rates to be used in place of
          the London interbank offered rate.  Upon the occurrence of an event described in Section 2.11(c)(i)(A)(x) or a Benchmark Transition Event, as applicable, or an Early Opt-in Election, Section 2.11(c) provides the mechanism for determining an
          alternative rate of interest.  The Administrative Agent will promptly notify the Borrower, pursuant to Section 2.11(c), of any change to the reference rate upon which the interest rate on a Eurocurrency Loan or an RFR Loan is based.  However, the
          Administrative Agent does not warrant or accept any responsibility for, and shall not have any liability with respect to, the administration, submission or any other matter related to the London interbank offered rate or other rates in the
          definition of “Relevant Rate” or “Daily Simple RFR” or with respect to any alternative or successor rate thereto, or replacement rate thereof (including, without limitation, (i) any such alternative, successor or replacement rate implemented
          pursuant to Section 2.11(c), whether upon the occurrence of a Benchmark Transition Event or an Early Opt-in Election, and (ii) the implementation of any Benchmark Replacement Conforming Changes pursuant to Section 2.11(c), including without
          limitation, whether the composition or characteristics of any such alternative, successor or replacement reference rate will be similar to, or produce the same value or economic equivalence of, the London interbank offered rate (or another
          applicable index rate) or have the same volume or liquidity as did the London interbank offered rate (or another applicable index rate) prior to its discontinuance or unavailability.

      SECTION 1.06.          Issuers.  For
          all purposes of this Agreement, all issuers of Eligible Portfolio Investments that are Affiliates of one another shall be treated as a single issuer, unless such issuers are Affiliates of one another solely because they are under the common
          Control of the same private equity sponsor or similar sponsor.

      SECTION 1.07.          Currencies
            Generally(a)          .  At any time, any reference in the definition of the term “Agreed Foreign Currency” or in any other provision of this Agreement to the Currency of any particular nation means the lawful currency of such nation at
          such time whether or not the name of such Currency is the same as it was on the Original Effective Date.  Except as provided in Section 2.08(b) and the last sentence of Section 2.15(a), for purposes of determining (i) whether the
          amount of any Borrowing under the Multicurrency Commitments,

      
        
          

          

        

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      together with all other Borrowings under the Multicurrency Commitments then outstanding or to be borrowed at the same time as such Borrowing,
        would exceed the aggregate amount of the Multicurrency Commitments, (ii) the aggregate unutilized amount of the Multicurrency Commitments, (iii) the Revolving Credit Exposure, (iv) the Covered Debt Amount and (v) the Borrowing Base or the Value or
        the fair market value of any Portfolio Investment, the outstanding principal amount of any Borrowing that is denominated in any Foreign Currency or the Value or the fair market value of any Portfolio Investment that is denominated in any Foreign
        Currency shall be deemed to be the Dollar Equivalent of the amount of the Foreign Currency of such Borrowing or Portfolio Investment, as the case may be, determined as of the date of such Borrowing (determined in accordance with the last sentence
        of the definition of the term “Interest Period”) or the date of valuation of such Portfolio Investment, as the case may be; provided that in connection with the delivery of any Borrowing Base Certificate pursuant to Section 5.01(f)
        or (g), such amounts shall be determined as of the date of the delivery of such Borrowing Base Certificate.  Where any amount is denominated in Dollars under this Agreement but requires for its determination an amount which is denominated
        in a Foreign Currency, such amounts shall be converted to the Foreign Currency Equivalent on the date of determination.  Wherever in this Agreement in connection with a Borrowing or Loan an amount, such as a required minimum or multiple amount, is
        expressed in Dollars, but such Borrowing or Loan is denominated in a Foreign Currency, such amount shall be the relevant Foreign Currency Equivalent of such Dollar amount (rounded to the nearest 1,000 units of such Foreign Currency).

      SECTION 1.08.          Special
            Provisions Relating to Euro.  Each obligation hereunder of any party hereto that is denominated in the National Currency of a state that is not a Participating Member State on the Original Effective Date shall, effective from the date on
          which such state becomes a Participating Member State, be redenominated in Euro in accordance with the legislation of the European Union applicable to the European Monetary Union; provided that, if and to the extent that any such
          legislation provides that any such obligation of any such party payable within such Participating Member State by crediting an account of the creditor can be paid by the debtor either in Euros or such National Currency, such party shall be
          entitled to pay or repay such amount either in Euros or in such National Currency.  If the basis of accrual of interest or fees expressed in this Agreement with respect to an Agreed Foreign Currency of any country that becomes a Participating
          Member State after the date on which such currency becomes an Agreed Foreign Currency shall be inconsistent with any convention or practice in the interbank market for the basis of accrual of interest or fees in respect of the Euro, such
          convention or practice shall replace such expressed basis effective as of and from the date on which such state becomes a Participating Member State; provided that, with respect to any Borrowing denominated in such currency that is
          outstanding immediately prior to such date, such replacement shall take effect at the end of the Interest Period therefor.

      Without prejudice to the respective liabilities of the Borrower to the Lenders and the Lenders to the Borrower under or
        pursuant to this Agreement, each provision of this Agreement shall be subject to such reasonable changes of construction as the Administrative Agent may from time to time, in consultation with the Borrower, reasonably specify to be necessary or
        appropriate to reflect the introduction or changeover to the Euro in any country that becomes a Participating Member State after the Original Effective Date; provided that the Administrative Agent shall provide the Borrower and the Lenders
        with prior notice of the proposed change with an explanation

      
        
          

          

        

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      of such change in sufficient time to permit the Borrower and the Lenders an opportunity to respond to such proposed change.

      ARTICLE II          

          

          

          THE CREDITS

      SECTION 2.01.          The Commitments.

      (a)          Subject to the terms and
          conditions set forth herein, each Dollar Lender severally agrees to make Dollar Loans to the Borrower from time to time during the Availability Period in an aggregate principal amount that will not result in (a) such Lender’s Revolving Dollar
          Credit Exposure exceeding such Lender’s Dollar Commitment, (b) the aggregate Revolving Dollar Credit Exposure of all of the Lenders exceeding the aggregate Dollar Commitments, or (c) the total Covered Debt Amount exceeding the Borrowing Base then
          in effect; and

      (b)          Subject to the terms and
          conditions set forth herein, each Multicurrency Lender severally agrees to make Multicurrency Loans to the Borrower from time to time during the Availability Period in an aggregate principal amount that will not result in (a) such Lender’s
          Revolving Multicurrency Credit Exposure exceeding such Lender’s Multicurrency Commitment, (b) the aggregate Revolving Multicurrency Credit Exposure of all of the
          Lenders exceeding the aggregate Multicurrency Commitments, or (c) the total Covered Debt Amount exceeding the Borrowing Base then in effect.

      Within the foregoing limits and subject to the terms and conditions set forth herein, the Borrower may borrow, prepay and
        reborrow Loans.

      SECTION 2.02.          Loans and
            Borrowings.

      (a)          Obligations of Lenders. 

          Each Loan shall be made as part of a Borrowing consisting of Loans of the same Class (other than with respect to any Loan requested pursuant to Section 2.18), Currency and Type made by the applicable Lenders ratably in accordance with
          their respective Commitments of the applicable Class.  The failure of any Lender to make any Loan required to be made by it shall not relieve any other Lender of its obligations hereunder; provided that the Commitments of the Lenders are
          several and no Lender shall be responsible for any other Lender’s failure to make Loans as required.

      (b)          Type of Loans.  Subject
          to Section 2.11, each Borrowing of a Class shall be constituted entirely of ABR Loans, of RFR Loans or of Eurocurrency Loans of such Class denominated in a
          single Currency as the Borrower may request in accordance herewith.  Each ABR Loan shall be denominated in Dollars.  Each Pro-Rata Borrowing denominated in Dollars
          shall be constituted entirely of ABR Loans or of Eurocurrency Loans.  Each Borrowing denominated in an Agreed Foreign Currency shall be constituted entirely of RFR Loans or Eurocurrency

          Loans.  Each Lender at its option may make any RFR Loan or Eurocurrency Loan by causing any domestic or foreign branch or Affiliate of such Lender to make such Loan;
          provided

      
        
          

          

        

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      that any exercise of such option shall not affect the obligation of the Borrower to repay such Loan in accordance with the terms of this
        Agreement.

      (c)          Minimum Amounts.  Each
          Borrowing shall be in an aggregate amount of $1,000,000 or a whole multiple of $100,000 in excess thereof or, with respect to any Agreed Foreign Currency, 1,000,000 in the units of such Agreed Foreign Currency or a whole multiple of 100,000 in
          excess thereof (or such smaller minimum amount as may be agreed to by the Administrative Agent); provided that a Borrowing of a Class may be in an aggregate amount that is equal to the entire unused balance of the total Commitments of
          such Class.  Borrowings of more than one Class, Currency and Type may be outstanding at the same time.

      (d)          Limitations on Interest
            Periods.  Notwithstanding any other provision of this Agreement, the Borrower shall not be entitled to request any Eurocurrency Borrowing or RFR Borrowing (or
          to elect to convert to or continue as a Eurocurrency Borrowing) if the Interest Period requested therefor would end after the Extended Maturity Date; provided that any request (or election to convert or continue as a Eurocurrency
          Borrowing) that would extend past the Non-Extended Maturity Date may only be made with respect to the portion of the Eurocurrency Borrowing held by the Extending Lenders.

      (e)          Restatement Effective Date
            Adjustments.  On the Restatement Effective Date, the Borrower shall (A) prepay the Existing Loans (if any) in full, including (i) all accrued but unpaid commitment fees (including all accrued but unpaid
            Facility Fees (as defined in the Lender Letter (as defined in the Existing Credit Agreement)) relating to such Existing Loans as of such date and (ii) all accrued but unpaid interest relating to such Existing Loans as of such date (in each
            case, calculated at the rate set forth in the Existing Credit Agreement) and (B) simultaneously borrow new Loans hereunder in an amount equal to such prepayment (plus the amount of any additional borrowings that may have been requested by the
            Borrower at such time); provided that with respect to subclauses (A) and (B), (x) the prepayment to, and borrowing from, any Existing Lender may be effected by book entry to the extent that any portion of the amount prepaid to such Existing Lender
            will be subsequently borrowed in the currency of such Existing Loan from such Existing Lender and (y) the Lenders shall make and receive payments among themselves, in a manner acceptable to the Administrative Agent, so that, after giving effect
            thereto, the Loans are held ratably by the Lenders in accordance with the respective Commitments of such Lenders (as set forth in Schedule 1.01(b)) and (C) pay to
            the Existing Lenders the amounts, if any, payable under Section 2.14 of the Existing Credit Agreement as a result of such prepayment.  Each of the Existing
            Lenders agrees to waive payment of the amounts, if any, payable under Section 2.13 as a result of, and solely in connection with, any such prepayment, and hereby
            consents to any non-pro rata payment described in this Section 2.02(e).

      SECTION 2.03.          Requests for Borrowings.

      (a)          Notice by the Borrower. 

          To request a Borrowing, the Borrower shall notify the Administrative Agent of such request by delivery of a signed Borrowing Request or by telephone or e-mail (in each case, followed promptly by delivery (including by e-mail) of a signed
          Borrowing Request) (i) in the case of a Eurocurrency Borrowing denominated in Dollars, not later than 11:00 a.m., New York City time, three (3) Business Days before the date of the proposed Borrowing or, (ii) in the case of a Eurocurrency Borrowing denominated in an Agreed Foreign

      
        
          

          

        

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      Currency (other than AUD or NZD), not later than 11:00 a.m., New York City time, three (3) Business Days before the date of the proposed
        Borrowing, (iii) in the case of an ABR Borrowing, not later than 11:00 a.m., New York City time, one (1) Business Day before the date of the proposed Borrowing; provided that, in the event that the amount of any such ABR Borrowing does not exceed
        the Same Day Cap, the Borrower may request such ABR Borrowing not later than 9:00 a.m., New York City time, on the Business Day of the proposed Borrowing or, (iv) in the case of a Eurocurrency Borrowing denominated in AUD or NZD, not later than 11:00 a.m., London time, four (4) Business
            Days before the date of the proposed Borrowing or (v) in the case of an RFR Borrowing, not later than 11:00 a.m., New York City time, three (3) Business Days before the date of the proposed Borrowing.  Each such request for a
        Borrowing shall be irrevocable.  Notwithstanding the other provisions of this Agreement, in the case of any Borrowing denominated in Dollars, the Borrower may request that such Borrowing be split into a Dollar Loan in an aggregate principal amount
        equal to the Pro-Rata Dollar Portion and a Multicurrency Loan in an aggregate principal amount equal to the Pro-Rata Multicurrency Portion (any such Borrowing, a “Pro-Rata

          Borrowing”).  Except as set forth in this Agreement, a Pro-Rata Borrowing shall be treated as being comprised of two separate Borrowings, a Dollar Borrowing under the Dollar Commitments and a Multicurrency Borrowing under the Multicurrency
        Commitments.

      (b)          Content of Borrowing
            Requests.  Each request for a Borrowing (whether a written Borrowing Request, a telephonic request or an e-mail request) shall specify the following information in compliance with Section 2.02:

      (i)          whether
          such Borrowing is to be made under the Dollar Commitments, the Multicurrency Commitments or is a Pro-Rata Borrowing;

      (ii)          if such
          Borrowing is a Pro-Rata Borrowing, the Pro-Rata Dollar Portion and the Pro-Rata Multicurrency Portion;

      (iii)          the
          aggregate amount and Currency of the requested Borrowing;

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

      (v)          in the
          case of a Borrowing denominated in Dollars, whether such Borrowing is to be an ABR Borrowing or a Eurocurrency Borrowing;

      (vi)          in the
          case of a Eurocurrency Borrowing, the Interest Period therefor, which shall be a period contemplated by the definition of the term “Interest Period” and permitted under Section 2.02(d); and

      (vii)          the
          location and number of the Borrower’s account to which funds are to be disbursed, which shall comply with the requirements of Section 2.04.

      (c)          Notice by the
            Administrative Agent to the Lenders.  Promptly following receipt of a Borrowing Request in accordance with this Section, the Administrative Agent shall advise each applicable Lender of the details thereof and of the amount of such Lender’s
          Loan to be made as part of the requested Borrowing.

      
        
          

          

        

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      (d)          Failure to Elect.  If
          no election as to the Class of a Borrowing is specified in a Borrowing Request, then the requested Borrowing shall be denominated in Dollars and shall be a Pro-Rata Borrowing, unless the Currency of such Borrowing is specified in anas an Agreed Foreign Currency, in which case such requested Borrowing shall be denominated in such Agreed Foreign
          Currency.  If no election as to the Currency of a Borrowing is specified, then the requested Borrowing shall be denominated in Dollars.   If no election as to the Type of a Borrowing is specified in a Borrowing Request, then the requested
          Borrowing shall be a Eurocurrency Borrowing having an Interest Period of one (1) month and, if an Agreed Foreign Currency has been specified, the requested Borrowing shall be a Eurocurrency Borrowing denominated in such Agreed Foreign Currency
          and having an Interest Period of one (1) month.; provided, however, if the specified Agreed Foreign Currency is Pounds
              Sterling, the requested Borrowing shall be an RFR Borrowing denominated in Pounds Sterling.  If a Eurocurrency Borrowing is requested but no Interest Period is specified, (i) if the Currency specified for such Borrowing is Dollars
          (or if no Currency has been so specified), the requested Borrowing shall be a Eurocurrency Borrowing denominated in Dollars having an Interest Period of one (1) month, and (ii) if the Currency specified for such Borrowing is an Agreed Foreign
          Currency, the Borrower shall be deemed to have selected an Interest Period of one (1) month.

      SECTION 2.04.          Funding of
            Borrowings.

      (a)          Funding by Lenders. 
          Each Lender shall make each Loan to be made by it hereunder on the proposed date thereof by wire transfer of immediately available funds by 1:00 p.m., Local Time, to the account of the Administrative Agent most recently designated by it for such
          purpose by notice to the Lenders.  The Administrative Agent will make such Loans available to the Borrower by promptly crediting the amounts so received, in like funds, to an account of the Borrower designated by the Borrower in the applicable
          Borrowing Request.

      (b)          Presumption by the
            Administrative Agent.  Unless the Administrative Agent shall have received notice from a Lender prior to the proposed date of any Borrowing that such Lender will not make available to the Administrative Agent such Lender’s share of such
          Borrowing, the Administrative Agent may assume that such Lender has made such share available on such date in accordance with paragraph (a) of this Section and, in reliance upon such assumption, the Administrative Agent may (in its sole
          discretion and without any obligation to do so) make available to the Borrower a corresponding amount.  In such event, if a Lender has not in fact made its share of the applicable Borrowing available to the Administrative Agent, then the
          applicable Lender and the Borrower severally agree to pay to the Administrative Agent forthwith on demand such corresponding amount in the corresponding Currency with interest thereon, for each day from and including the date such amount is made
          available to the Borrower to but excluding the date of payment to the Administrative Agent, at (i) in the case of such Lender, the Federal Funds Effective Rate and (ii) in the case of the Borrower, the interest rate applicable at the time to the
          Loans comprising such Borrowing.  If such Lender pays such amount to the Administrative Agent, then such amount shall constitute such Lender’s Loan included in such Borrowing.  Nothing in this paragraph shall relieve any Lender of its obligation
          to fulfill its commitments hereunder, and shall be without prejudice to any claim the Borrower may have against a Lender that shall have failed to make such payment to the Administrative Agent.

      
        
          

          

        

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      SECTION 2.05.          Interest
            Elections.

      (a)          Elections by the Borrower
            for Borrowings.  Subject to Section 2.03(d), the Loans constituting each Borrowing initially shall be of the Type specified in the applicable Borrowing Request and, in the case of a Eurocurrency Borrowing, shall have the Interest
          Period specified in such Borrowing Request.  Thereafter, subject to Section 2.05(e), the Borrower may elect to convert such Borrowing to a Borrowing of a different Type or to continue such Borrowing as a Borrowing of the same Type and, in
          the case of a Eurocurrency Borrowing, may elect the Interest Period therefor, all as provided in this Section; provided, however, that (i) a Borrowing of a Class may only be continued or converted into a Borrowing of the same
          Class, (ii) a Borrowing denominated in one Currency may not be continued as, or converted to, a Borrowing in a different Currency, (iii) no Eurocurrency Borrowing denominated in a Foreign Currency may be continued if, after giving effect thereto,
          the aggregate Revolving Multicurrency Credit Exposures would exceed the aggregate Multicurrency Commitments and such Borrowing shall be prepaid pursuant to any of the first three sentences of Section 2.08(c) (and, for the avoidance of
          doubt, subject to Section 2.05(e), such Borrowing shall, for purposes of this Agreement and the other Loan Documents, be deemed to be a Eurocurrency Borrowing with an Interest Period of one month until such prepayment has been made
          (together with interest thereon as specified in Section 2.10(cd)), and (iv) a Eurocurrency Borrowing
          denominated in a Foreign Currency may not be converted into a Borrowing of a different Type.  The Borrower may elect different options with respect to different portions of the affected Borrowing, in which case each such portion shall be
          allocated ratably among the Lenders of the respective Class holding the Loans constituting such Borrowing (except as provided under Section 2.11(b)) in accordance with their Applicable Percentage, and the Loans constituting each such
          portion shall be considered a separate Borrowing.

      (b)          Notice of Elections. 
          To make an election pursuant to this Section, the Borrower shall notify the Administrative Agent of such election by delivery of a signed Interest Election Request in a form approved by the Administrative Agent or by telephone (followed promptly,
          but no later than the close of business on the date of such request, by a signed Interest Election Request in a form approved by the Administrative Agent) by the time that a Borrowing Request would be required under Section 2.03 if the
          Borrower were requesting a Borrowing of the Type resulting from such election to be made on the effective date of such election.  Each such telephonic and written notice of election shall be irrevocable.

      (c)          Content of Interest
            Election Requests.  Each Interest Election Request shall specify the following information in compliance with Section 2.02:

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

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

      
        
          

          

        

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      (iii)          whether,

          in the case of a Borrowing denominated in Dollars, the resulting Borrowing is to be an ABR Borrowing or a Eurocurrency Borrowing; and

      (iv)          if the
          resulting Borrowing is a Eurocurrency Borrowing, the Interest Period therefor after giving effect to such election, which shall be a period contemplated by the definition of the term “Interest Period” and permitted under Section 2.02(d);
          provided that there shall be no more than ten (10) separate Eurocurrency Borrowings outstanding at any one time.

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

      (e)          Failure to Elect; Events of
            Default.  If the Borrower fails to deliver a timely and complete Interest Election Request with respect to a Eurocurrency Borrowing prior to the end of the Interest Period therefor, then, unless such Borrowing is repaid as provided herein,
          (i) if such Borrowing is denominated in Dollars, at the end of such Interest Period such Borrowing shall be converted to a Eurocurrency Borrowing of the same Class having an Interest Period of one (1) month and (ii) if such Borrowing is
          denominated in a Foreign Currency, the Borrower shall be deemed to have selected an Interest Period of one (1) month.  Notwithstanding any contrary provision hereof, if an Event of Default has occurred and is continuing and the Administrative
          Agent, at the request of the Required Lenders, so notifies the Borrower, (i) any Eurocurrency Borrowing denominated in Dollars shall, at the end of the applicable Interest Period for such Eurocurrency Borrowing, be automatically converted to an
          ABR Borrowing, (ii) any Daily Simple RFR Borrowing shall automatically be converted to an ABR Borrowing denominated in Dollars (in an amount equal to the Dollar Equivalent of the
              applicable Alternative Currency, if applicable) immediately, (iii) the Borrower shall not be entitled to elect to convert or continue any Borrowing into or as a Eurocurrency Borrowing or an RFR Borrowing and (iiiiv) any Eurocurrency Borrowing
          denominated in a Foreign Currency shall not have an Interest Period of more than one (1) month’s duration.

      SECTION 2.06.          Termination,
            Reduction or Increase of the Commitments.

      (a)          Scheduled Termination. 
          Unless previously terminated in accordance with the terms of this Agreement, (x) on the Extended Revolver Termination Date for each Extending Lender with respect to such Extending Lender’s Extended Loans and (y) on the Non-Extended Revolver
          Termination Date with respect to each Non-Extending Lender’s Non-Extended Loans, the Commitments of each Class shall automatically be reduced to an amount equal to the aggregate principal amount of the Loans of all Lenders of such Class
          outstanding on the Extended Revolver Termination Date or the Non-Extended Revolver Termination Date, as applicable with respect to the relevant Lender, and thereafter to an amount equal to the aggregate principal amount of the Loans of such Class outstanding after giving effect to each payment of principal hereunder; provided that, for clarity, no Lender shall have any obligation to make new
          Loans on or after the Extended Revolver Termination Date or the Non-Extended Revolver Termination Date, as applicable to such Lender, and any outstanding amounts shall be due and payable on the Extended Maturity Date or Non-Extended Maturity
          Date, as applicable, in accordance with Section 2.07.

      
        
          

          

        

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      (b)          Voluntary Termination or
            Reduction.  TheSo long as no Borrowing Request is outstanding, the Borrower may at any time terminate, or
          from time to time reduce, the Commitments ratably among each Class; provided that (i) each reduction of the Commitments pursuant to this Section 2.06(b) shall be in an amount that is $5,000,000 or a whole multiple of $100,000 in
          excess thereof (or an amount less than $5,000,000 if the Commitments of any Class are being reduced to zero) and (ii) the Borrower shall not terminate or reduce the Commitments if, after giving effect to any concurrent prepayment of the Loans of
          any Class in accordance with Section 2.08, the total Revolving Credit Exposures of such Class would exceed the total Commitments of such Class.

      (c)          Notice of Voluntary
            Termination or Reduction.  The Borrower shall notify the Administrative Agent of any election to terminate or reduce the Commitments under paragraph (b) of this Section at least three (3) Business Days prior to the effective date of such
          termination or reduction, specifying such election and the effective date thereof.  Promptly following receipt of any notice, the Administrative Agent shall advise the applicable Lenders of the contents thereof.  Each notice delivered by the
          Borrower pursuant to this Section shall be irrevocable; provided that a notice of termination of the Commitments of a Class delivered by the Borrower may state that such notice is conditioned upon the effectiveness of other credit
          facilities, in which case such notice may be revoked by the Borrower (by notice to the Administrative Agent on or prior to the specified effective date) if such condition is not satisfied.

      (d)          Effect of Termination or
            Reduction.  Any termination or reduction of the Commitments of a Class shall be permanent.  Each reduction of the Commitments of a Class shall be made ratably among the Lenders of such Class in accordance with their respective Commitments.

      (e)          Increase of the Commitments.

      (i)          Requests

            for Increase by Borrower.  The Borrower may, at any time prior to the Revolver Termination Date, and subject to the conditions set forth below in this clause (i), propose that the Commitments hereunder of a Class be increased (each such
          proposed increase being a “Commitment Increase”) by notice (the “Commitment Increase Notice”) to the Administrative Agent specifying each existing Lender (each an “Increasing Lender”) and/or each additional lender (each an “Assuming

            Lender”) that shall have agreed to an additional Commitment and the date on which such increase is to be effective (the “Commitment Increase Date”), which date shall be a Business Day at least three (3) Business Days (or such lesser
          period as the Administrative Agent may reasonably agree) after delivery of such notice and at least thirty (30) days prior to the Extended Revolver Termination Date; provided that each Lender may determine in its sole discretion whether
          or not it chooses to participate in a Commitment Increase; provided further that, subject to the foregoing, each Commitment Increase shall become effective only upon satisfaction of each of the following conditions:

      (A)          the minimum
          amount of the Commitment of any Assuming Lender, and the minimum amount of the increase of the Commitment of any Increasing Lender, as part of such Commitment Increase shall be $5,000,000 or a whole

      
        
          

          

        

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      multiple of $1,000,000 in excess thereof (or, in each case, in such other amounts as agreed to by the Administrative Agent);

      (B)          immediately
          after giving effect to such Commitment Increase (including, if applicable, the substantially concurrent reduction of the Commitments of a Non-Extending Lender in accordance with Section 2.06(f)), the total Commitments of all of the
          Lenders hereunder shall not exceed the lesser of (x) $400,000,000 and (y) 100% of the Obligors’ Net Worth at such time;

      (C)          each
          Assuming Lender and the Commitment Increase shall be consented to by the Administrative Agent (which consent shall not be unreasonably withheld or delayed);

      (D)          no Default
          shall have occurred and be continuing on such Commitment Increase Date or shall result from the proposed Commitment Increase;

      (E) no Non-Extending Lender may participate in any Commitment Increase under the Commitments of the same
        Class unless in connection therewith, it shall have agreed to become an “Extending Lender” hereunder; and

      (F)          the
          representations and warranties contained in this Agreement and the other Loan Documents shall be true and correct in all material respects (other than any representation or warranty already qualified by materiality or Material Adverse Effect,
          which shall be true and correct in all respects) on and as of the Commitment Increase Date as if made on and as of such date (or, if any such representation or warranty is expressly stated to have been made as of a specific date, as of such
          specific date).;

      (G)          the Borrower shall have paid in full to the Administrative Agent and the Lenders all fees and invoiced expenses related to this
            Agreement due and owing on or prior to the Commitment Increase Date, including any up-front fee due to any Lender on or prior to the Commitment Increase Date; and

      (H)          if requested, the Borrower has, as applicable, executed and delivered: (x) a new promissory note payable to the order of each Assuming
            Lender; or (y) a replacement promissory note payable to the order of each Increasing Lender.

      For the avoidance of doubt, no Lender shall be obligated to agree to an additional Commitment requested by the Borrower
        pursuant to this Section 2.06(e).

      (ii)          Effectiveness

            of Commitment Increase by Borrower.  On the Commitment Increase Date for any Commitment Increase, each Assuming Lender part of such Commitment Increase, if any, shall become a Lender hereunder as of such Commitment Increase Date with a
          Commitment in the amount set forth in the agreement referred to in Section 2.06(e)(ii)(y) and the Commitment of the respective Class of any Increasing Lender part of such Commitment Increase shall be increased as of such Commitment

      
        
          

          

        

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      Increase Date to the amount set forth in the agreement referred to in Section 2.06(e)(ii)(y); provided that:

      (x)          the
          Administrative Agent shall have received on or prior to 12:00 p.m., New York City time, on such Commitment Increase Date (or on or prior to a time on an earlier date specified by the Administrative Agent) a certificate of a duly authorized
          officer of the Borrower stating that each of the applicable conditions to such Commitment Increase set forth in the foregoing paragraph (i) has been satisfied; and

      (y)          each
          Assuming Lender or Increasing Lender shall have delivered to the Administrative Agent, on or prior to 12:00 p.m., New York City time, on such Commitment Increase Date (or on or prior to a time on an earlier date specified by the Administrative
          Agent), an agreement, in form and substance satisfactory to the Borrower and the Administrative Agent, pursuant to which such Lender shall, effective as of such Commitment Increase Date, undertake a Commitment or an increase of Commitment in each
          case of the respective Class, as applicable, duly executed by such Assuming Lender or Increasing Lender, as applicable, and the Borrower and acknowledged by the Administrative Agent.

      Promptly following satisfaction of such conditions, the Administrative Agent shall notify the Lenders of such Class (including any Assuming Lenders) thereof and of the occurrence of the Commitment Increase Date by facsimile transmission or electronic messaging system.

      (iii)          Recordation

            into Register.  Upon its receipt of an agreement referred to in clause (ii)(y) above executed by each Assuming Lender and each Increasing Lender part of such Commitment Increase, as applicable, together with the certificate referred to in
          clause (ii)(x) above, the Administrative Agent shall, if such agreement referred to in clause(ii)(y) has been completed, (x) accept such agreement, (y) record the information contained therein in the Register and (z) give prompt notice thereof to
          the Borrower.

      (iv)          Adjustments

            of Borrowings upon Effectiveness of Increase.  On each Commitment Increase Date, the Borrower shall (A) prepay the outstanding Loans (if any and, on and after the Non-Extended Revolver Termination Date, other than the Non-Extended Loans) of
          such Class (or, if instructed by the Administrative Agent, all Classes) in full, (B) simultaneously borrow new Loans of such Class (or, if instructed by the Administrative Agent, all Classes) hereunder in an amount equal to such prepayment; provided that with respect to subclauses (A) and (B), (x) the prepayment to,
          and Borrowing from, any existing Lender shall be effected by book entry to the extent that any portion of the amount prepaid to such Lender will be subsequently borrowed from such Lender, (y) the existing Lenders, the Increasing Lenders and the
          Assuming Lenders shall make and receive payments among themselves, in a manner acceptable to the Administrative Agent, so that, after giving effect thereto, the Loans of such Class or all Classes, as applicable, are held ratably by the Lenders of such Class or all Classes, as applicable, in accordance with the respective
          Applicable Percentage of such Lenders of such Class or all Classes, as applicable (after giving effect to such Commitment Increase),

      
        
          

          

        

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      and (z) on and after the Non-Extended Revolver Termination Date, no Non-Extending Lender shall participate in such prepayment
        and/or Borrowing and (C) pay to the Lenders of such Class or all Classes, as applicable, the amounts, if any, payable under Section 2.13 as a result of any such
        prepayment.  Notwithstanding the foregoing, unless otherwise consented to in writing by the Borrower, no Commitment Increase Date shall occur on any day other than the last day of an Interest Period.  The Administrative Agent shall amend Schedule

          1.01(b) to reflect the aggregate amount of each Lender’s Commitments (including Increasing Lenders and Assuming Lenders). Each reference to Schedule 1.01(b) in this Agreement shall be to Schedule 1.01(b) as amended pursuant to
        this Section.

      (v)          Terms
            of Loans issuedIssued on the Commitment Increase Date.  For the avoidance of doubt, the terms and provisions
          of any new Loans issued by any Assuming Lender or Increasing Lender, and the Commitment Increase of any Assuming Lender or Increasing Lender, shall be identical to the terms and provisions of Loans of the applicable Class issued by, and the
          Commitments of the applicable Class of, the Extending Lenders immediately prior to the applicable Commitment Increase Date.

      (f)          Reduction of Non-Extending
            Lenders’ Commitment. Notwithstanding anything to the contrary herein (including Section 2.06(d)):

      (i)          The
          Borrower may at any time no Default or Event of Default exists in connection with any Commitment Increase under Section 2.06(e), terminate, or from time to time reduce, the Commitments of each Non-Extending Lender on a pro rata basis (by
          an aggregate amount not to exceed the amount of such Commitment Increase) without reducing the Commitments of any other Lender; provided that each reduction of the Commitment of a Non-Extending Lender hereunder shall be in an amount that
          is $5,000,000 or a larger multiple of $100,000 in excess thereof (or, in each case, the entire Commitment of each Non-Extending Lender).

      (ii)          The
          Borrower shall notify the Administrative Agent in writing of any election to terminate or reduce the Commitment of any Non-Extending Lender under this clause (f) at least three (3) Business Days prior to the related Commitment Increase
          Date in the case of any termination or reduction, specifying such election and the related Commitment Increase Date.  Such written notice may be combined with the Commitment Increase Notice.  Promptly following receipt of any written notice, the
          Administrative Agent shall advise each Lender of the contents thereof.  Each notice delivered by the Borrower pursuant to this clause (f) shall be irrevocable; provided that a notice of termination may state that such notice is
          conditioned upon the effectiveness of the related Commitment Increase, in which case such notice may be revoked by the Borrower (by notice to the Administrative Agent on or prior to the specified effective date) if such condition is not
          satisfied.

      (iii)          Any
          termination or reduction of the Commitment of any Non-Extending Lender pursuant to this clause (f) shall be permanent.

      
        
          

          

        

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      SECTION 2.07.          Repayment of Loans; Evidence of Debt.

      (a)          Repayment.  Subject to,
          and in accordance with, the terms of this Agreement, the Borrower hereby unconditionally promises to pay to the Administrative Agent for the account of the Lenders of each Class the outstanding principal amount of the Loans of such Class and all
          other amounts due and owing hereunder and under the other Loan Documents on the Maturity Date.

      (b)          Manner of Payment. 
          Prior to any repayment or prepayment of any Borrowings hereunder, the Borrower shall, subject to the requirements of Section 2.08, select the Class or Classes and Borrowing

          or Borrowings to be paid and shall notify the Administrative Agent by telephone (confirmed by telecopy or e-mail) of such selection not later than the time set forth in Section 2.08(f) prior to the scheduled date of such repayment.  IfSubject to Section 2.08 and to the proviso to Section 2.15(c), if the repayment or prepayment is denominated in
          Dollars and the Class to be repaid or prepaid is specified (or if no Class is specified and there is only one Class of Loans with Borrowings in Dollars outstanding), the Borrower shallsuch repayment or prepayment shall be applied ratably between or among, as applicable, the Loans denominated in Dollars of such Class (based on the then outstanding principal amounts
              of such Loans), in each case first to repay or prepay any outstanding ABR Borrowings of such Class pro rata and thereafterLoans and second to repay or prepay the remaining Borrowings within such Classdenominated in
              Dollars of such Loans in the order of the remaining duration of their respective Interest Periods (the Borrowing with the shortest remaining Interest Period to be repaid or prepaid first).  IfSubject to Section 2.08 and to the proviso to Section 2.15(c), if the repayment or prepayment is denominated in Dollars and the Class to be repaid or prepaid is not
          specified (or the Pro-Rata Borrowings are specified), the Borrower shall repay or prepay ABR Borrowings that are Pro-Rata Borrowings, pro rata between, such repayment or prepayment shall be applied ratably between or among, as applicable, the Dollar Loans of the Lenders (based on the then outstanding principal amounts of such Dollar Loans), in each case
              (x) first to repay or prepay any outstanding ABR Borrowings of the Dollar Lenders, and the Multicurrency Lenders and thereafter(y) then second to repay or prepay the remaining Pro-Rata Borrowings denominated in Dollars of the Lenders in the order of the remaining duration of their respective Interest
          Periods (the Borrowings with the shortest remaining Interest Period to be repaid first).  IfSubject to Section 2.08, and to
              the proviso to Section 2.15(c), if the repayment or prepayment is denominated in a particular Agreed Foreign Currency, the Borrower shall repay or prepaysuch repayment or prepayment shall be applied ratably between or among, as applicable, any remaining Borrowings denominated

            in such Agreed Foreign Currency (based on the then outstanding principal amounts of such Loans), in each case in the order of the remaining duration of
          their respective Interest Periods (the Borrowing with the shortest remaining Interest Period to be repaid first).  Each payment of a Pro-Rata Borrowing shall be applied ratably between the Dollar Loans and Multicurrency Loans included in such
          Pro-Rata Borrowing.  Each payment of a Borrowing of a Class shall be applied ratably to the Loans of such Class included in such Borrowing (except as otherwise provided in Section 2.11(b)).

      (c)          Maintenance of Records by
            Lenders.  Each Lender shall maintain in accordance with its usual practice records evidencing the Indebtedness of the Borrower to such Lender resulting from each Loan made by such Lender, including the amounts and Currency of principal and
          interest payable and paid to such Lender from time to time hereunder.

      
        
          

          

        

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

      (e)          Effect of Entries.  The
          entries made in the records maintained pursuant to paragraph (c) or (d) of this Section shall be prima facie evidence, absent manifest error, of the existence and amounts of the obligations recorded therein; provided that
          the failure of any Lender or the Administrative Agent to maintain such records or any error therein shall not in any manner affect the obligation of the Borrower to repay the Loans in accordance with the terms of this Agreement.  In the event of
          any conflict between the accounts and records maintained by any Lender and the accounts and records of the Administrative Agent in respect of such matters, the accounts and records of the Administrative Agent shall control in the absence of
          manifest error.

      (f)          Promissory Notes.  Any
          Lender may request that Loans made by it be evidenced by a promissory note.  In such event, the Borrower shall prepare, execute and deliver to such Lender a promissory note payable to such Lender (or, if requested by such Lender, to such Lender
          and its permitted registered assigns) and in a form attached hereto as Exhibit C.  Thereafter, the Loans evidenced by such promissory note and interest thereon shall at all times (including after assignment pursuant to Section 9.04) be

          represented by one or more promissory notes in such form payable to the payee named therein (or, if such promissory note is a registered note, to such payee and its permitted registered assigns).

      SECTION 2.08.          Prepayment of Loans.

      (a)          Optional Prepayments. 
          The Borrower shall have the right at any time and from time to time (but subject to Section 2.08(e) and (f)) to prepay any Borrowing in whole or in part, without premium or fee (but subject to Section 2.13), subject to the
          requirements of this Section. Each prepayment in part under this Section 2.08(a) shall be in a minimum amount of $1,000,000 or a whole multiple of $100,000 in excess thereof (or such lesser amount as is then outstanding).

      (b)          Mandatory Prepayments Due
            to Changes in Exchange Rates.

      (i)          Determination

            of Amount Outstanding.  On each Quarterly Date and, in addition, promptly upon the receipt by the Administrative Agent of a Currency Valuation Notice (as defined below), the Administrative Agent shall determine the aggregate Revolving
          Multicurrency Credit Exposure.  For the purpose of this determination, the outstanding principal amount of any Loan that is denominated in any Foreign Currency shall be deemed to be the Dollar Equivalent of the amount in the Foreign Currency of
          such Loan, determined as of such Quarterly Date or, in the case of a Currency Valuation Notice received by the Administrative Agent prior to 11:00 a.m., New York City time, on a Business Day, on such Business Day or, in the case of a Currency
          Valuation Notice otherwise received, on the first Business Day after such Currency Valuation Notice is

      
        
          

          

        

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      received.  Upon making such determination, the Administrative Agent shall promptly notify the Multicurrency Lenders and the
        Borrower thereof.

      (ii)          Prepayment. 

          If on the date of such determination the aggregate Revolving Multicurrency Credit Exposure exceeds 105% of the aggregate amount of the Multicurrency Commitments as then in effect, the Borrower shall prepay the Multicurrency Loans within 15
          Business Days of such date of determination in such amounts as shall be necessary so that after giving effect thereto the aggregate Revolving Multicurrency Credit Exposure does not exceed the Multicurrency Commitments.

      For purposes hereof, “Currency Valuation Notice” means a notice given by the Required Multicurrency Lenders to the Administrative Agent
        stating that such notice is a “Currency Valuation Notice” and requesting that the Administrative Agent determine the aggregate Revolving Multicurrency Credit Exposure.  The Administrative Agent shall not be required to make more than one valuation
        determination pursuant to Currency Valuation Notices within any rolling three-month period.

      (c)          Mandatory Prepayments due
            to Excess Revolving Credit Exposure and Borrowing Base Deficiency.  In the event that the amount of total Revolving Credit Exposure exceeds the total Commitments, the Borrower shall prepay (but subject to Sections 2.08(e) and (f))
          Loans.  In the event that the amount of total Revolving Dollar Credit Exposure exceeds the total Dollar Commitments, the Borrower shall prepay (but subject to Sections 2.08(e) and (f)) Loans in such amounts as shall be necessary
          so that the amount of total Revolving Dollar Credit Exposure does not exceed the total Dollar Commitments.  In the event that the amount of total Revolving Multicurrency Credit Exposure exceeds the total Multicurrency Commitments (other than as a
          result of a change in exchange rates pursuant to Section 2.08(b)), the Borrower shall prepay (but subject to Sections 2.08(e) and (f)) Loans in such amounts as shall be necessary so that the amount of total Revolving
          Multicurrency Credit Exposure does not exceed the total Multicurrency Commitments.  In the event that at any time any Borrowing Base Deficiency shall exist, promptly (but in no event later than five (5) Business Days), the Borrower shall prepay
          (subject to Sections 2.08(e) and (f)) the Loans so that the Borrowing Base Deficiency is promptly cured (such prepayment to be applied ratably between the Dollar
              Lenders and the Multicurrency Lenders based on the aggregate outstanding Dollar Equivalent principal amounts of such Loans (and, for the avoidance of doubt, in the applicable Currency or Currencies)); provided that if
          within such five (5) Business Day period, the Borrower shall present to the Administrative Agent a reasonably feasible plan, which plan is reasonably satisfactory to the Administrative Agent, that will enable any such Borrowing Base Deficiency to
          be cured within 30 Business Days of the occurrence of such Borrowing Base Deficiency (which 30-Business Day period shall include the five (5) Business Days permitted for delivery of such plan), then such prepayment or reduction shall be effected
          in accordance with such plan (subject, for the avoidance of doubt, to the limitations as to the allocation of such prepayments set forth above in this Section 2.08(c)). Notwithstanding the foregoing, the Borrower shall pay interest in
          accordance with Section 2.10(cd) for so long as the Covered Debt Amount exceeds the Borrowing Base during
          such 30-Business Day period. For clarity, in the event that the Borrowing Base Deficiency is not cured prior to the end of such five (5)-Business Day period (or, if applicable, such 30-Business Day period), it shall constitute an Event of Default
          under Section 7.01(a).

      
        
          

          

        

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      (d)          Scheduled Payments. 
          Subject to Sections 2.08(e) and (f):

      (i)          On each
          Scheduled Payment Date after the Non-Extended Revolver Termination Date and on or prior to the Non-Extended Maturity Date, the Borrower shall prepay the Non-Extended Loans of the Non-Extending Lenders in an aggregate amount equal to 1/12 of the
          aggregate outstanding amount of such Loans for each Class and Currency of such Loans, based on the outstanding principal amount of such Loans as of the Non-Extended Revolver Termination Date.  Following the Non-Extended Revolver Termination Date,
          any optional or mandatory prepayment of Loans of the Non-Extending Lenders will reduce in direct order the amount of any subsequent repayment of Loans required to be made pursuant to this clause (d)(i).

      (ii)          On each
          Scheduled Payment Date after the Extended Revolver Termination Date, the Borrower shall prepay the Extended Loans of the Extending Lenders in an aggregate amount equal to 1/12 of the aggregate outstanding amount of such Loans for each Class and
          Currency of such Loans, based on the outstanding principal amount of such Loans as of the Extended Revolver Termination Date.  Following the Extended Revolver Termination Date, any optional or mandatory prepayment of Loans of the Extending
          Lenders will reduce in direct order the amount of any subsequent repayment of Loans required to be made pursuant to this clause (d)(ii).

      (e)          Payments following the
            Non-Extended Revolver Termination Date or During an Event of Default.  Notwithstanding any provision to the contrary in Section 2.07 or this Section 2.08 (but subject to Section 2.08(f)(ii)), following the
          Non-Extended Revolver Termination Date or if an Event of Default shall have occurred and be continuing:

      (i)          (A) From
          the period commencing on the Non-Extended Revolver Termination Date and prior to the Non-Extended Maturity Date, no optional prepayment of the Loans shall be permitted unless at such time, at the Borrower’s option, (x) the Borrower prepays the
          Loans of all (I) Lenders, (II) Dollar Lenders or (III) Multicurrency Lenders, which prepayment shall be made on a pro-rata basis (based on the aggregate Dollar Equivalents of the outstanding principal amounts of such Loans) among all Lenders,
          Dollar Lenders or Multicurrency Lenders, as applicable, or (y) the Borrower prepays the Loans of all the (I) Extending Lenders only, (II) Dollar Lenders that are Extending Lenders only or (III) Multicurrency Lenders that are Extending Lenders
          only, which prepayment shall be made on a pro-rata basis (based on the aggregate Dollar Equivalents of the outstanding principal amounts of such Loans) among the Extending Lenders only, Dollar Lenders that are Extending Lenders only or
          Multicurrency Lenders that are Extending Lenders only, as applicable, and (B) from the period commencing on the Extended Revolver Termination Date, no optional prepayment of the Loans of any Class shall be permitted unless at such time, the
          Borrower also prepays the Loans of the other Class, if applicable, which prepayment shall be made on a pro-rata basis (based on the aggregate Dollar Equivalents of the outstanding principal amounts of such Loans) among all Lenders.

      
        
          

          

        

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      (ii)          Any
          prepayment of Loans required to be made pursuant to clause (c) above shall be applied to prepay Loans on a pro-rata basis (based on the aggregate Dollar Equivalents of the outstanding principal amounts of such Loans) among all Lenders.

      (iii)          [Reserved].

      (iv)          Notwithstanding

          any other provision to the contrary in this Agreement, if an Event of Default has occurred and is continuing, then any payment or repayment of the Loans shall be made in Dollars
            and applied ratably (based on the aggregate Dollar Equivalents of the outstandingoutstanding Dollar Equivalent
          principal amounts of such Loans) among all Lendersbetween Dollar Loans and Multicurrency Loans.

      (f)          Notices, Etc.

      (i)          The
          Borrower shall notify the Administrative Agent in writing or by telephone (followed promptly by written confirmation) of any repayment or prepayment hereunder (A) in the case of a
            repayment or prepayment of a Eurocurrency Borrowing denominated in Dollars under Section 2.08(a), not later than 11:00 a.m., New York City time, three (3) Business Days before the date of repayment or prepayment, as applicable (or, in the case of repayment, such shorter period approved by the Administrative Agent in its discretion), (B) in the case of a repayment or prepayment of
          a Eurocurrency Borrowing denominated in Foreign Currency under Section 2.08(a), not later than 11:00 a.m., London time, three (3) Business Days before the date of repayment or prepayment, oras applicable (or, in the case of repayment, such shorter period approved by the Administrative Agent in its discretion), (C) in the case of repayment or prepayment of an
          ABR Borrowing under Section 2.08(a), or any prepayment under Section 2.08(b), (c) or (d), not later than 11:00 a.m., New York City time, one (1) Business Day before the date of repayment or prepayment., as applicable (or, in the case of repayment, such shorter period approved by the Administrative Agent in its discretion), or
              (D) in the case of repayment or prepayment of an RFR Borrowing, not later than 11:00 a.m., London time, three (3) Business Days before the date of repayment or prepayment, as applicable (or, in the case of repayment, such shorter period
              approved by the Administrative Agent in its discretion).  Each such notice shall be irrevocable and shall specify the repayment or prepayment date, the principal amount of each Borrowing or portion thereof to be repaid or prepaid
          and, in the case of a mandatory prepayment, a reasonably detailed calculation of the amount of such prepayment; provided that, if a notice of prepayment is given in connection with a conditional notice of termination of the Commitments as
          contemplated by Section 2.06(c), then such notice of prepayment may be revoked if such notice of termination is revoked in accordance with Section 2.06(c).  Promptly following receipt of any such notice relating to a Borrowing,
          the Administrative Agent shall advise the affected Lenders of the contents thereof.  Subject to clauses (b), (c) and (e) of this Section, Section 2.07(b) and to the proviso to Section 2.15(c), each repayment and
          prepayment in Dollars shall be applied ratably (based on the outstanding principal amounts of such indebtedness) between the Dollar Lenders and the Multicurrency Lenders based on the then outstanding Loans denominated in Dollars and each
          repayment and prepayment in an Agreed Foreign Currency (including as a result of the Borrower’san Obligor’s
          receipt of proceeds from a

      
        
          

          

        

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      prepayment event in such Agreed Foreign Currency) shall be applied ratably among the Multicurrency Lenders.

      (ii)          In the
          event the Borrower is required to make any concurrent prepayments under both paragraph (b) and also another paragraph of this Section 2.08, any such prepayments shall be applied toward a prepayment pursuant to paragraph (b) before any
          prepayment pursuant to any other paragraph of this Section 2.08.

      (iii)          Repayments

          and prepayments shall be accompanied by accrued interest to the extent required by Section 2.10 and shall be made in the manner specified in Section 2.07(b).

      SECTION 2.09.          Fees.

      (a)          Commitment Fee.  The
          Borrower agrees to pay to the Administrative Agent for the account of each Lender a commitment fee, which shall accrue for the period beginning on the FirstOmnibus Amendment Effective Date to and including the earlier of the date such Lender’s Commitment terminates and the Revolver Termination Date, at a rate (A) as of the close of business on each
          day when the Minimum Utilization Amount with respect to such Lender exceeds the aggregate principal amount of the Loans of such Lender, equal to (x) (i) during the March 2022
              Convertible Notes Refinancing Distribution Period, 0.50% per annum, and (ii) at any other time, 2.00% per annum, in each case, on the excess of (i1) the Minimum Utilization Amount with respect to such Lender over (ii2) the aggregate principal amount of the Loans of such Lender as of the close of business on such day andplus (y) 0.50at any time, 0.375% per
          annum on the excess of (i) such Lender’s Commitment over (ii) the Minimum Utilization Amount with respect to such Lender or (B) as of the close of business on each day when the aggregate principal amount of the Loans of such Lender equals or
          exceeds the Minimum Utilization Amount with respect to such Lender, 0.500.375% per annum on the excess of (i)
          such Lender’s Commitment over (ii) the aggregate principal amount of the Loans of such Lender as of the close of business on such day.  Accrued commitment fees shall be payable in arrears (x) within one Business Day after each Quarterly Date and
          (y) on the earlier of the date the applicable Lender’s Commitments terminate and the Revolver Termination Date, commencing on the first such date to occur after the FirstOmnibus Amendment Effective Date.  All commitment fees shall be computed on the basis of a year of 360 days and shall be payable for the actual number of days elapsed (including the
          first day but excluding the last day).  For purposes of computing commitment fees, the Commitments shall be deemed to be used to the extent of the outstanding Loans of all Lenders.

      (b)          Administrative Agent Fees. 

          The Borrower agrees to pay to the Administrative Agent, for its own account, fees payable in the amounts and at the times separately agreed upon between the Borrower and the Administrative Agent.

      (c)          Facility

              Fees.  The Borrower agrees to pay to the Administrative Agent, for the account of (and distribution to) each Lender, facility fees (if any) payable in the amounts and at the times separately
              agreed upon between the Borrower and the Lenders in the Lender Letter.[Reserved].

      
        
          

          

        

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      (d)          Payment of Fees.  All
          fees payable hereunder shall be paid on the dates due, in Dollars and immediately available funds, to the Administrative Agent for distribution, in the case of facility fees and participation fees, to the Lenders entitled thereto.  Fees paid
          shall not be refundable under any circumstances absent manifest error.  Any fees representing the Borrower’s reimbursement obligations of expenses, to the extent requirements of invoice are not otherwise specified in this Agreement, shall be due
          (subject to the other terms and conditions contained herein) within ten (10) Business Days of the date that the Borrower receives from the Administrative Agent a reasonably detailed invoice for such reimbursement obligations.  On the First Amendment Effective Date, the Borrower shall pay (i) all fees required to be paid on the First Amendment Effective Date under that certain amended and restated fee letter, dated as of the Restatement Effective
              Date, by and between the Borrower and ING, (ii) all fees (if any) required to be paid on the First Amendment Effective Date under the Lender Letter and (iii) all costs and expenses outstanding on such date and required to be paid pursuant to
            Section 9.03(a)(i) (to the extent invoiced).

      SECTION 2.10.          Interest.

      (a)          ABR Loans.  The Loans
          constituting each ABR Borrowing shall bear interest at a rate per annum equal to the Alternate Base Rate plus the Applicable Margin.

      (b)          Eurocurrency Loans. 
          The Loans constituting each Eurocurrency Borrowing shall bear interest at a rate per annum equal to the Adjusted LIBORelevant
          Rate applicable to such Borrowing for the related Interest Period for such Borrowing plus the
          Applicable Margin.

      (c)          RFR Loans.  The Loans constituting each RFR Borrowing shall bear interest at a rate per annum equal to the Daily Simple RFR plus the Applicable Margin plus an
            adjustment (which may be positive or negative value or zero) that has been selected by the Administrative Agent and the Borrower giving due consideration to any evolving or then-prevailing market convention, including any applicable
            recommendations made by the Relevant Governmental Body, for syndicated credit facilities denominated in Pounds Sterling at such time.  Notwithstanding anything to the contrary herein or in any other Loan Document, any amendments implementing
            such adjustment will become effective without any further action or consent of any party to this Agreement or any other Loan Document other than the Administrative Agent, in consultation with the Borrower.

      (cd)          Default Interest.  Notwithstanding the foregoing, if any Event of Default described in Section 7.01(a), (b), (d) (but only with respect to Section 6.07), (h), (i), (j)
          or (o) has occurred and is continuing, or on the written demand of the Administrative Agent or the Required Lenders if any other Event of Default described in any other clause of Section 7.01 has occurred and is continuing, or if
          the Covered Debt Amount exceeds the Borrowing Base during the five (5)-Business Day period (or, if applicable, the 30-Business Day period) referred to in Section 2.08(c), the interest applicable to the Loans shall accrue, and any fee or
          other amount payable by the Borrower hereunder shall bear interest, after as well as before judgment, at a rate per annum equal to (i) in the case of principal of any Loan, 2% plus the rate otherwise applicable to such Loan as provided
          above, or (ii) in the case of any fee or other amount, 2% plus the rate applicable to ABR Loans as provided in paragraph (a) of this Section.

      
        
          

          

        

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      (de)          Payment of Interest.  Accrued interest on each Loan shall be payable in arrears on each Interest Payment Date for such Loan in the Currency in which such Loan is denominated and upon termination in full of the
          applicable Lender’s Commitments; provided that (i) interest accrued pursuant to paragraph (c) of this Section shall be payable on demand, (ii) in the event of any repayment or prepayment of any Loan (other than a prepayment of an ABR Loan
          prior to the Maturity Date), accrued interest on the principal amount repaid or prepaid shall be payable on the date of such repayment or prepayment and (iii) in the event of any conversion of any Eurocurrency Borrowing prior to the end of the
          Interest Period therefor, accrued interest on such Borrowing shall be payable on the effective date of such conversion.

      (ef)          Computation.  All interest hereunder shall be computed on the basis of a year of 360 days, except that (a) interest on Eurocurrency Borrowings in Canadian Dollars, AUD and NZD and ABR Borrowings at times when the
          Alternate Base Rate is based on the Prime Rate shall be computed on the basis of a year of 365 days (or 366 days in a leap year), (b) interest on EurocurrencyRFR Borrowings in Pounds Sterling shall be computed on the basis of a year of 365 days (or 366 days in a leap year),
          and in each case shall be payable for the actual number of days elapsed (including the first day but excluding the last day) and (c) the basis on which interest hereunder shall be computed on Eurocurrency Borrowings in an Agreed Foreign Currency
          other than Canadian Dollars, Euros, Pounds Sterling, AUD and NZD shall be agreed by each Multicurrency Lender and the Borrower at the time such Agreed Foreign Currency is consented to in accordance with the definition thereof.  The applicable
          Alternate Base Rate or Adjusted LIBO Rate, each Relevant Rate, Daily Simple RFR or other Benchmark shall be
          determined by the Administrative Agent and such determination shall be conclusive absent manifest error.

      SECTION 2.11.          Eurocurrency Borrowing Provisions.

      (a)          Alternate Rate of Interest. 

          If (x) prior to the commencement of the Interest Period for any Eurocurrency Borrowing of a Class or

              (y) at any time for any RFR Borrowing (the Currency of such Borrowing herein called the “Affected Currency”):

      (i)          the
          Administrative Agent determines (which determination shall be conclusive and binding absent manifest error) that adequate and reasonable means do not exist for
          ascertaining the Adjusted LIBO RateBenchmark for the Affected Currency for such Interest Period (including because the relevant Screen Rate is not available or published on a current basis); or

      (ii)          the
          Administrative Agent is advised by the Required Lenders of such Class that the Adjusted LIBO RateBenchmark for
          the Affected Currency for such Interest Period will not adequately and fairly reflect the cost to such Lenders of making or maintaining their respective Eurocurrency Loans or RFR
              Loans, as applicable, included in such Borrowing for such Interest Period;

      and, in each case, the provisions of Section 2.11(c) are not applicable, then the Administrative Agent shall give notice thereof to the Borrower
        and the Lenders by telephone, telecopy or e-mail as promptly as practicable thereafter and, until the Administrative Agent notifies the Borrower and the Lenders that the circumstances giving rise to such notice no longer exist, (i) any Interest
        Election Request that requests the conversion of any Eurocurrency Borrowing to, or the

      
        
          

          

        

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      continuation of any Borrowing as, a Eurocurrency Borrowing denominated in the Affected Currency, shall be ineffective and, in each case, unless prepaid, (x) if the Affected Currency is Dollars, such Borrowing (unless prepaid) shall be continued as, or
        converted to, an ABR Borrowing and, (y) if the Affected Currency is a Foreign Currency (other than Canadian Dollars), such Borrowing shall be converted to Dollars based on the Dollar Equivalent at such time and shall be an ABR Borrowing and (z) if the Affected Currency is Canadian Dollars, such Borrowing shall be continued as, or converted to, a Borrowing at the Canadian Prime Rate, (ii) if the Affected Currency is Dollars and any Borrowing Request requests a Eurocurrency Borrowing denominated in Dollars, such Borrowing shall be made as an ABR Borrowing and (iii) if the Affected Currency is a Foreign Currency, any
        Borrowing Request that requests a Eurocurrency Borrowing denominated in the Affected Currency shall be ineffective.made as an
            ABR Borrowing, (iii) if the Affected Currency is a Foreign Currency (other than Canadian Dollars), any Borrowing Request that requests a Eurocurrency Borrowing or an RFR Borrowing denominated in the Affected Currency shall be ineffective and
            (iv) if the Affected Currency is Canadian Dollars, any Borrowing Request that requests a Eurocurrency Borrowing denominated in the Affected Currency shall be made at the Canadian Prime Rate.  Furthermore, if any Eurocurrency Loan in any Currency is outstanding on the date of the Borrower’s receipt of the notice from the Administrative Agent referred to in this Section 2.11(a) with respect to the
            Benchmark applicable to such Eurocurrency Loan, then (i) if such Eurocurrency Loan is denominated in Dollars, on the last day of the Interest Period applicable to such Loan, such Loan shall be converted by the Administrative Agent to, and shall
            constitute, an ABR Loan denominated in Dollars on such day, (ii) if such Eurocurrency Loan is denominated in any Foreign Currency (other than Canadian Dollars), such Loan shall, on the last day of the Interest Period applicable to such Loan, at
            the Borrower’s election prior to such day: (A) be prepaid on such day or (B) be converted by the Administrative Agent to, and (subject to the remainder of this subclause (B)) shall constitute, an ABR Loan denominated in Dollars (in an amount
            equal to the Dollar Equivalent of such Loan) on such day (it being understood and agreed that if the Borrower does not so prepay such Loan on such day by 12:00 noon, Local Time, the Administrative Agent is authorized to effect such conversion
            of such Eurocurrency Loan into an ABR Loan denominated in Dollars), and, in the case of such subclause (B), upon the Borrower’s receipt of notice from the Administrative Agent that the circumstances giving rise to the aforementioned notice no
            longer exist and with the Borrower’s consent (which may be given in its sole discretion), such ABR Loan denominated in Dollars shall then be converted by the Administrative Agent to, and shall constitute, a Eurocurrency Loan denominated in such
            original Currency (in an amount equal to the Foreign Currency Equivalent of such Loan) on the day of such notice being given to the Borrower by the Administrative Agent or (iii) if such Eurocurrency Loan is denominated in Canadian Dollars, such
            Loan shall, on the last day of the Interest Period applicable to such Loan, at the Borrower’s election prior to such day: (A) be prepaid on such day or (B) be converted by the Administrative Agent to, and (subject to the remainder of this
            subclause (B)) shall constitute, a Eurocurrency Loan where the Eurocurrency Rate is equal to the Canadian Prime Rate (it being understood and agreed that if the Borrower does not so prepay such Loan on such day by 12:00 noon, Local Time, the
            Administrative Agent is authorized to effect such conversion of such Eurocurrency Loan into a Eurocurrency Loan where the Eurocurrency Rate is equal to the Canadian Prime Rate).  Furthermore, if any RFR Loan is outstanding on the date of the
            Borrower’s receipt of the notice from the Administrative Agent referred to in this Section 2.11(a) with respect to the Daily Simple RFR applicable to such RFR Loan, then such Loan shall, at the Borrower’s election prior to such day: (A) be
            prepaid on such day or (B) be converted by

      
        
          

          

        

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      the Administrative Agent to, and (subject to the remainder of this subclause (B)) shall
          constitute, an ABR Loan denominated in Dollars (in an amount equal to the Dollar Equivalent of such Loan) on such day (it being understood and agreed that if the Borrower does not so prepay such Loan on such day by 12:00 noon, Local Time, the
          Administrative Agent is authorized to effect such conversion of such RFR Loan into an ABR Loan denominated in Dollars), and, in the case of such subclause (B), upon the Borrower’s receipt of notice from the Administrative Agent that the
          circumstances giving rise to the aforementioned notice no longer exist and with the Borrower’s consent (which may be given in its sole discretion), such ABR Loan denominated in Dollars shall then be converted by the Administrative Agent to, and
          shall constitute, an RFR Loan (in an amount equal to the Foreign Currency Equivalent of such Loan) on the day of such notice being given to the Borrower by the Administrative Agent.

      (b)          Illegality.  Without
          duplication of any other rights that any Lender has hereunder, if any Lender determines that any law has made it unlawful, or that any Governmental Authority has asserted that it is unlawful for any Lender to make, maintain or fund Loans whose
          interest is determined by reference to the LIBO Rateany Benchmark, or to determine or charge interest rates based
          upon the LIBO Rateany Benchmark, or any Governmental Authority has imposed material restrictions on the authority
          of such Lender to purchase or sell, or to take deposits of, any LIBO Quoted Currency in the London interbank market, then, on notice thereof by such Lender to the Borrower and the
          Administrative Agent, (i) any obligation of such Lender to make RFR Borrowings, to make or continue Eurocurrency Borrowings or to convert ABR Borrowings to
          Eurocurrency Borrowings shall be suspended, and (ii) if such notice asserts the illegality of such Lender making or maintaining Eurocurrency Borrowings the interest rate on which is determined by reference to the Adjusted LIBO Rate component of the Alternate Base Rate, the interest rate on which ABR Borrowings of such Lender shall, if necessary to avoid such illegality, be determined by the Administrative
          Agent without reference to the Adjusted LIBO Rate component of the Alternate Base Rate, in each case until such Lender notifies the Administrative Agent and the
          Borrower that the circumstances giving rise to such determination no longer exist. Upon receipt of such notice, (x) (A) all Eurocurrency Borrowings denominated in Dollars of such Lender shall automatically convert to ABR Borrowings and (B) all RFR Borrowings and Eurocurrency Borrowings denominated in the Foreign Currency shall automatically convert to Dollars based on the Dollar Equivalent at such time and shall
          be an ABR Borrowing (in each case, the interest rate on which ABR Borrowings of such Lender shall, if necessary to avoid such illegality, be determined by the Administrative Agent without reference to the Adjusted LIBO Rate component of the Alternate Base Rate) either on(1) with
              respect to RFR Borrowings, on the immediately succeeding Business Day or (2) with respect to Eurocurrency Borrowings, on the last day of the Interest Period therefor, if such Lender may lawfully continue to maintain such
          Eurocurrency Borrowings to such day, or immediately, if such Lender may not lawfully continue to maintain such Eurocurrency Borrowings and (y) if such notice asserts the illegality of such Lender determining or charging interest rates based upon
          the Adjusted LIBO Rate, the Administrative Agent shall during the period of such suspension compute the Alternate Base Rate applicable to such Lender without
          reference to the Adjusted LIBO Rate component thereof until the Administrative Agent is advised in writing by such Lender that it is no longer illegal for such Lender
          to determine or charge interest rates based upon the Adjusted LIBO Rate.  Upon any such conversion, the Borrower shall also pay accrued interest on the amount so
          converted.

      (c)          Effect of Benchmark Transition Event.

      
        
          

          

        

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      (ic)          Benchmark Replacement.  Notwithstanding anything to the contrary herein or in any other Loan Document, upon :

      (i)          Replacing the Applicable Benchmark.

      (A)          For Eurocurrency Loans denominated in Dollars, on the earlier of (x) the date that all Available Tenors of the Adjusted LIBO Rate have
            either permanently or indefinitely ceased to be provided by IBA or have been announced by the FCA pursuant to public statement or publication of information to be no longer representative and (y) the Early Opt-in Effective Date, if the
            then-current Benchmark is the Adjusted LIBO Rate, the Benchmark Replacement will replace such Benchmark for all purposes hereunder and under any Loan Document in respect of any setting of such Benchmark on such day and all subsequent settings
            without any amendment to, or further action or consent of any other party to this Agreement or any other Loan Document. If the Benchmark Replacement is Daily Simple SOFR, all interest payments will be payable on a quarterly basis.

      (B)          For Eurocurrency Loans or RFR Loans denominated in Foreign Currencies, on the earlier of (x) the occurrence of a Benchmark Transition Event orand (y) the date written notice of 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 mutually agreed amendment between is provided to the Lenders by the Administrative Agent and, the Borrower with respect to a Benchmark Transition Event will become effective at 5:00 p.m.Benchmark Replacement will replace the then-current Benchmark for all purposes hereunder and under any Loan Document in respect of any Benchmark setting on the fifth (5th) Business Day after the Administrative Agent has posted such proposed amendment to all
              Lenders and the Borrowerdate notice of such Benchmark Replacement is provided to the Lenders without any amendment to, or further action or consent of any
              other party to, this Agreement or any other Loan Document so long as the Administrative Agent has not received, by such time, written notice of objection to such amendmentBenchmark Replacement 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 LIBOR Rate with a Benchmark Replacement pursuant to this Section 2.11(c) will occur prior to the applicable
              Benchmark Transition Start Date.

      
        
          

          

        

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                (C)At any time that the administrator of the then-current Benchmark has permanently or indefinitely ceased to provide such Benchmark or such Benchmark has been announced by the regulatory supervisor for the administrator of such
            Benchmark pursuant to public statement or publication of information to be no longer representative of the underlying market and economic reality that such Benchmark is intended to measure and that representativeness will not be restored, the
            Borrower may revoke any request for a borrowing of, conversion to or continuation of Loans to be made, converted or continued that would bear interest by reference to such Benchmark until the Borrower’s receipt of notice from the Administrative
            Agent that a Benchmark Replacement has replaced such Benchmark, and, failing that, (x) the Borrower will be deemed to have converted any request for a Eurocurrency Borrowing denominated in Dollars into a request for a Borrowing of or conversion
            to ABR Loans, (y) any request by the Borrower for an RFR Borrowing or a Eurocurrency Borrowing in an Agreed Foreign Currency (other than Canadian Dollars) shall be ineffective or (z) any request by the Borrower for a Eurocurrency Borrowing
            denominated in Canadian Dollars shall be converted to a Eurocurrency Borrowing at the Canadian Prime Rate. During the period referenced in the foregoing sentence, (a) the component of Alternate Base Rate based upon the Benchmark will not be
            used in any determination of Alternate Base Rate, (b) if any Eurocurrency Loan in any Currency is outstanding, (x) if such Eurocurrency Loan is denominated in Dollars, then such Loan shall, on the last day of the Interest Period applicable to
            such Loan, at the Borrower’s election prior to such day: (1) be prepaid by the Borrower on such day or (2) be converted by the Administrative Agent to, and shall constitute, an ABR Loan denominated in Dollars on such date, (y) if such
            Eurocurrency Loan is denominated in any Agreed Foreign Currency (other than Canadian Dollars), then such Loan shall, on the last day of the Interest Period applicable to such Loan, at the Borrower’s election prior to such day: (1) be prepaid by
            the Borrower on such day or (2) be converted by the Administrative Agent to, and (subject to the remainder of this subclause (2)) shall constitute, an ABR Loan denominated in Dollars (in an amount equal to the Dollar Equivalent of such Loan) on
            such day (it being understood and agreed that if the Borrower does not so prepay such Loan on such day by 12:00 noon, Local Time, the Administrative Agent is authorized to effect such conversion of such Eurocurrency Loan into an ABR Loan
            denominated in Dollars) and, in the case of this subclause (2), upon any subsequent implementation of a Benchmark Replacement in respect of such Agreed Foreign Currency pursuant to this Section 2.11(c) and with the Borrower’s

      
        
          

          

        

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      consent (which may be given in its sole discretion), such ABR Loan denominated in Dollars
          shall then be converted by the Administrative Agent to, and shall constitute, a Eurocurrency Loan denominated in such original Currency (in an amount equal to the Foreign Currency Equivalent of such Loan) on the day of such implementation, giving
          effect to such Benchmark Replacement in respect of such Foreign Currency or (z) if such Eurocurrency Loan is denominated in Canadian Dollars, then such Loan shall, on the last day of the Interest Period applicable to such Loan, at the Borrower’s
          election prior to such day: (1) be prepaid by the Borrower on such day or (2) be converted by the Administrative Agent to a Eurocurrency Loan where the Eurocurrency Rate shall be equal to the Canadian Prime Rate and (c) any outstanding affected
          RFR Loans shall, at the Borrower’s election prior to such day: (1) be prepaid by the Borrower on such day or (2) be converted by the Administrative Agent to, and (subject to the remainder of this subclause (2)) shall constitute, an ABR Loan
          denominated in Dollars (in an amount equal to the Dollar Equivalent of such RFR Loan) on the immediately succeeding Business Day (it being understood and agreed that if the Borrower does not so prepay such Loan on such day by 12:00 noon, Local
          Time, the Administrative Agent is authorized to effect such conversion of such RFR Loan into an ABR Loan denominated in Dollars) and, in the case of this subclause (2), upon any subsequent implementation of a Benchmark Replacement in respect of
          Pounds Sterling pursuant to this Section 2.11(c) and with the Borrower’s consent (which may be given in its sole discretion), such ABR Loan denominated in Dollars shall then be converted by the Administrative Agent to, and shall constitute, an
          RFR Loan denominated in Pounds Sterling (in an amount equal to the Foreign Currency Equivalent of such Loan) on the day of such implementation, giving effect to such Benchmark Replacement in respect of Pounds Sterling.

      

      

      (ii)          Benchmark

            Replacement Conforming Changes.  In connection with the implementation and administration of
            a Benchmark Replacement (or, with respect to the Daily Simple RFR, at any time), 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 (other than the Borrower, whose consent shall not be unreasonably withheld or delayed)or any other Loan Document.

      (iii)          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, (iix)

      
        
          

          

        

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      the implementation of any Benchmark Replacement, and (iiiy) 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, if
            applicable, any Lender (or group of Lenders) pursuant to this Section 2.11(c), 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 heretoto this Agreement or any other Loan Document, except, in each case, as expressly required pursuant to this Section

            2.11(c).

      (iv)          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 Eurocurrency Borrowing of, conversion to or continuation of Eurocurrency Loans to be made, converted or continued during any Benchmark Unavailability
              Period and, failing that, (x) solely in the case of any request for a Eurocurrency Borrowing of, conversion to or continuation of Eurocurrency Loans to be made in Dollars, the Borrower will be deemed to have converted any such request into a
              request for a Borrowing of or conversion to ABR Loans, (y) in the case of any request for a Eurocurrency Borrowing of or conversion to Eurocurrency Loans to be made in any Foreign Currency based on the LIBO Rate, such request will be deemed
              to be ineffective and (z) in the case of any request for a continuation of Eurocurrency Loans to be made in any Foreign Currency based on the LIBO Rate, such Borrowing shall be converted to Dollars based on the Dollar Equivalent at such time
              and shall be an ABR Borrowing. During any Benchmark Unavailability Period, the component of ABR based upon the LIBO Rate will not be used in any determination of ABR.of Tenor of Benchmark. At any time (including in connection with the implementation of a Benchmark Replacement), (x) if the then-current Benchmark is a term rate (including Term SOFR, the Adjusted LIBO Rate, EURIBO Screen Rate, AUD
              Bank Bill Reference Rate, CDOR Rate or NZD Rate) then the Administrative Agent may remove any tenor of such Benchmark that is unavailable or non-representative for Benchmark (including Benchmark Replacement) settings and (y) the
              Administrative Agent may reinstate any such previously removed tenor for Benchmark (including Benchmark Replacement) settings.

      SECTION 2.12.          Increased Costs.

      (a)          Increased Costs Generally. 

          If any Change in Law shall:

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

      (ii)          subject
          any Lender to any Taxes (other than Covered Taxes and Taxes described in clauses (a)(ii), (c), (d) and (e) of the definition of “Excluded Taxes”) on its loans, loan principal, letters of credit, commitments, or other obligations, or its deposits,
          reserves, other liabilities or capital attributable thereto; or

      
        
          

          

        

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      (iii)          impose
          on any Lender or the London interbank market any other condition, cost or expense (other than Taxes) affecting this Agreement or Eurocurrency Loans made by such Lender or participation therein;

      and the result of any of the foregoing shall be to increase the cost to such Lender of making, continuing, converting into or maintaining any Eurocurrency Loan (or of maintaining its obligation to make any such Loan) or to reduce the amount of any sum received or receivable by such Lender
        hereunder (whether of principal, interest or otherwise), then, upon the request of such Lender, the Borrower will pay to such Lender, in Dollars, such additional amount or amounts as will compensate such Lender for such additional costs incurred or
        reduction suffered.

      (b)          Capital Requirements. 
          If any Lender determines that any Change in Law regarding capital or liquidity requirements has or would have the effect of reducing the rate of return on such Lender’s capital or on the capital of such Lender’s holding company, if any (or would have the effect of reducing the liquidity of such Lender or such Lender’s holding company, if any), as a consequence of this Agreement or the Loans made by such
          Lender, to a level below that which such Lender or such Lender’s holding company could have achieved but for such Change in Law (taking into consideration such Lender’s policies and the policies of such Lender’s holding company with respect to
          capital adequacy or liquidity position), by an amount deemed to be material by such Lender, then from time to time the Borrower will pay to such Lender, in Dollars, such additional amount or amounts as will compensate such Lender or such Lender’s
          holding company for any such reduction suffered.

      (c)          Certificates from Lenders. 

          A certificate of a Lender setting forth the amount or amounts, in Dollars, necessary to compensate such Lender or its holding company, as the case may be, as specified in paragraph (a) or (b) of this Section shall be promptly delivered to the
          Borrower and shall be conclusive absent manifest error (it being understood that no Lender shall be required to disclose (i) any confidential or price sensitive information or
              (ii) any information to the extent prohibited by applicable law).  The Borrower shall pay such Lender the amount shown as due on any such certificate within ten (10) days after receipt thereof.

      (d)          Delay in Requests. 
          Failure or delay on the part of any Lender to demand compensation pursuant to this Section shall not constitute a waiver of such Lender’s right to demand such compensation; provided that no Obligor shall be required to compensate a Lender
          pursuant to the foregoing provisions of this Section for any increased costs incurred or reductions  suffered more than six (6) months prior to the date that such Lender notifies the Borrower in writing of any such Change in Law giving rise to
          such increased costs or reductions (except that, if the Change in Law giving rise to such increased costs is retroactive, then the six-month period referred to above shall be
              extended to include the period of retroactive effect thereof).

      SECTION 2.13.          Break Funding
            Payments.

      .  (a)          In the event of (ai) the payment of any principal of any Eurocurrency Loan or RFR Loan other than on the last day of an Interest Period
          therefor (including as a result of an Event of Default), (bii) the conversion of any Eurocurrency Loan or RFR Loan other than on the last day of an Interest Period therefor, (ciii) the failure to borrow, convert, continue or prepay any Eurocurrency Loan or RFR Loan on the date specified in
          any notice delivered pursuant hereto

      
        
          

          

        

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      (regardless of whether such notice is permitted to be revocable under Section 2.08(f) and is revoked in accordance herewith), (div) the assignment as a result of a request by the Borrower pursuant to Section 2.17(b) of any Eurocurrency
        Loan other than on the last day of an Interest Period therefor or (e) the conversion of any Eurocurrencyor RFR Loan
        other than on the last day of an Interest Period therefor or (v) the conversion of any Eurocurrency Loan or RFR Loan other than on the last day of an Interest Period therefor

        as a result of the occurrence of a CAM Exchange, then, in any such event, the Borrower shall compensate each affected Lender for the loss, cost and expense attributable to such event (excluding loss of anticipated profits).  In the case of a
        Eurocurrency Loan or RFR Loan, the loss to any Lender attributable to any such event shall be deemed to include an amount determined by such Lender to be equal to the
        excess, if any, of:

      (iA)          the amount of interest that such Lender would pay for a deposit equal to the principal amount of such Loan referred to in clauses (ai) through (ev) of this Section 2.13(a) denominated in the Currency of such Loan for the period from the date of such payment, conversion, failure or assignment to the last day of the then current Interest Period for such
          Eurocurrency Loan or RFR Loan, as applicable (or, in the case of a failure to borrow, convert or continue, the duration of the Interest Period that would have
          resulted from such borrowing, conversion or continuation) if the interest rate payable on such deposit were equal to the Adjusted LIBO Rateapplicable Benchmark for such Currency for such Interest Period, over

      (iiB)          the amount of interest that such Lender would earn on such principal amount for such period if such Lender were to invest such principal amount for such period at the interest rate that would be bid by such Lender (or an
          Affiliate of such Lender) for deposits denominated in such Currency from other banks in the Eurocurrency market (or, in the case of any Non-LIBO QuotedAgreed Foreign Currency, in the relevant market for such Non-LIBO QuotedAgreed

              Foreign Currency) at the commencement of such period.

      

      

      (b)          Payments under this Section shall be made upon written request of a Lender delivered not later than five (5) Business Days following the payment, conversion, or failure to borrow, convert, continue or prepay that gives
          rise to a claim under this Section accompanied by a written certificate of such Lender setting forth in reasonable detail the amount or amounts that such Lender is entitled to receive pursuant to this Section (provided that such Lender shall not be required to disclose any confidential or pricing information or any other information prohibited to be disclosed by applicable law), which certificate shall
          be conclusive absent manifest error.  The Borrower shall pay such Lender the amount shown as due on any such certificate within 10 days after receipt thereof.

      SECTION 2.14.          Taxes.

      (a)          Payments Free of Taxes. 

          Any and all payments by or on account of any obligation of the Borrower hereunder or under any other Loan Document shall be made free and clear of and without deduction for any Taxes, unless otherwise required by applicable law; provided
          that if the Borrower shall be required to deduct or withhold any Taxes from such payments, then (i) the Borrower shall make such deductions or withholdings, (ii) the Borrower

      
        
          

          

        

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      shall timely pay the full amount deducted or withheld to the relevant Governmental Authority in accordance with applicable law and (iii) if such
        Tax is a Covered Tax, the sum payable shall be increased as necessary so that after making all required deductions and withholdings (including deductions and withholdings applicable to additional sums payable under this Section 2.14) the
        Administrative Agent or Lender receives an amount equal to the sum it would have received had no such deductions or withholdings been made.

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

      (c)          Indemnification by the
            Borrower.  The Borrower shall indemnify the Administrative Agent and each Lender for and, within ten (10) Business Days after written demand therefor, pay the full amount of any Covered Taxes (including Covered Taxes imposed or asserted on
          or attributable to amounts payable under this Section 2.14) payable or paid by the Administrative Agent or such Lender, as the case may be, and any penalties, interest and reasonable expenses arising therefrom or with respect thereto,
          whether or not such Covered 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 by the Administrative
          Agent on its own behalf or on behalf of a Lender, shall be conclusive absent manifest error.

      (d)          Indemnification by the
            Lenders.  To the extent required by any applicable law, the Administrative Agent may withhold from any payment to any Lender an amount equivalent to any applicable withholding Tax. Without limiting the provisions of Section 2.14(a) or

          (c), each Lender shall, and does hereby, agree severally to indemnify the Administrative Agent, and shall make payable in respect thereof within 10 days after demand therefor, (i) against any and all Covered Taxes attributable to such
          Lender and any and all related losses, claims, liabilities and expenses (including fees, charges and disbursements of any counsel for the Administrative Agent) in each case attributable to such Lender (collectively, “Tax Damages”) incurred
          by or asserted against the Administrative Agent by the IRS or any other Governmental Authority as a result of the failure of the Administrative Agent to properly withhold Tax from amounts paid to or for the account of such Lender for any reason
          (including because the appropriate form was not delivered or not properly executed, or because such Lender failed to notify the Administrative Agent of a change in circumstance that rendered the exemption from, or reduction of withholding tax
          ineffective) (but only to the extent that the Borrower has not already indemnified the Administrative Agent for such Taxes and Tax Damages and without limiting the obligation of the Borrower to do so pursuant to and in accordance with Section
            2.14(c)) and (ii) Tax Damages attributable to such Lender’s failure to comply with the provisions of Section 9.04 relating to the maintenance of a Participant Register. A certificate as to the amount of such payment or liability
          delivered to any Lender by the Administrative Agent shall be conclusive absent manifest error. Each Lender hereby authorizes the Administrative Agent to set off and apply any and all amounts at any time owing to such Lender under this Agreement
          or any other Loan Document against any amount due to the Administrative Agent under this paragraph. The agreements in this paragraph shall survive the resignation and/or replacement of the Administrative Agent, any assignment of rights by, or the
          replacement of, a Lender, the termination of the Commitments and the repayment, satisfaction or discharge of all other obligations.

      
        
          

          

        

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      (e)          Evidence of Payments. 
          As soon as practicable after any payment of Taxes by the Borrower to a Governmental Authority pursuant to this Section 2.14, 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.  If the Borrower fails to pay any U.S. federal withholding Taxes that are Excluded Taxes when due to the appropriate Governmental Authority or fails to remit to the Administrative Agent the required receipts or other required
              documentary evidence on account of such Excluded Taxes, the Borrower shall indemnify the Administrative Agent and each Lender for any incremental Taxes that may become payable by the Administrative Agent or such Lender as a result of such
              failure.

      (f)          Status of Lenders.

      (i)          Any
          Lender that is entitled to an exemption from or reduction of withholding Tax with respect to payments under this Agreement or any other Loan Documents shall deliver to the Borrower and the Administrative Agent, at the time or times prescribed by
          applicable law or reasonably requested by the Borrower or the Administrative Agent, such properly completed and executed documentation prescribed by applicable law or 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 applicable law or
          reasonably requested by the Borrower or the Administrative Agent as will enable the Borrower or the Administrative Agent to determine whether or not such Lender is subject to backup withholding or information reporting requirements. 
          Notwithstanding anything to the contrary in the preceding two sentences, the completion, execution and submission of such documentation (other than such documentation set forth in Section 2.14(f)(ii)(A) or (B) or Section
            2.14(g) below) shall not be required if in the Lender’s reasonable judgment such completion, execution or submission would subject such Lender to any material unreimbursed cost or expense or would materially prejudice the legal or
          commercial position of such Lender.

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

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

      (B)          each
          Foreign Lender shall deliver to the Borrower and the Administrative Agent (in such number of copies as shall be requested by the recipient) on or prior to the date on which such Foreign Lender becomes a Lender under this Agreement (and from time
          to time thereafter upon the reasonable request of the Borrower or the Administrative Agent, but, in any

      
        
          

          

        

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      event, only if such Foreign Lender is legally entitled to do so) whichever of the following is applicable:

      	

            	(1)	
              in the case of a Foreign Lender claiming the benefits of an income tax treaty to which the United States is a party duly completed executed originals of IRS Form W-8BEN or IRS Form
                W-8BEN-E, as applicable, or any successor form establishing an exemption from, or reduction of, U.S. federal withholding Tax (x) with respect to payments of interest under any Loan Document, pursuant to the “interest” article of such tax
                treaty and (y) with respect to any other applicable payments under any Loan Document, pursuant to the “business profits” or “other income” article of such tax treaty,

            

      	

            	(2)	
              duly completed executed originals of IRS Form W-8ECI or any successor form certifying that the income receivable pursuant to this Agreement is effectively connected with the
                conduct of a trade or business in the United States,

            

      	

            	(3)	
              in the case of a Foreign Lender claiming the benefits of the exemption for portfolio interest under Section 881(c) of the Code, (x) a certificate, signed under penalties of
                perjury, to the effect that such Foreign Lender is not (I) a “bank” within the meaning of Section 881(c)(3)(A) of the Code, (II) a “10 percent shareholder” of the Borrower within the meaning of Section 881(c)(3)(B) of the Code, or (III) a
                “controlled foreign corporation” described in Section 881(c)(3)(C) of the Code and (y) duly completed executed originals of IRS Form W-8BEN or IRS Form W-8BEN-E, as applicable (or any successor form), certifying that the Foreign Lender is
                not a U.S. Person, or

            

      	

            	(4)	
              any other form as prescribed by applicable law as a basis for claiming exemption from or a reduction in United States federal withholding tax duly completed together with such
                supplementary documentation as may be prescribed by applicable law to permit the Borrower or the Administrative Agent to determine the withholding or deduction required to be made, including, to the extent a Foreign Lender is not the
                beneficial owner, duly completed executed originals of IRS Form W-8IMY accompanied by IRS Form W-8ECI, IRS Form W-8BEN or IRS Form W-8BEN-E, as applicable, a certificate substantially similar to the certificate described in Section
                  2.14(f)(ii)(B)(3)(x) above, IRS Form W-9 and/or other certification documents from each beneficial owner, as applicable.

            

      
        
          

          

        

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      (C)          any
          Foreign Lender shall, to the extent it is legally entitled to do so, deliver to the Borrower and the Administrative Agent (in such number of copies as shall be requested by the recipient) on or prior to the date on which such Foreign Lender
          becomes a Lender under this Agreement (and from time to time thereafter upon the reasonable request of the Borrower or the Administrative Agent), executed originals of any other form prescribed by applicable law as a basis for claiming exemption
          from or a reduction in U.S. federal withholding Tax, duly completed, together with such supplementary documentation as may be prescribed by applicable law to permit the Borrower or the Administrative Agent to determine the withholding or
          deduction required to be made.

      (g)          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 and the Borrower 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 or the Borrower, at the time or times prescribed by law and at such time or times reasonably requested by the Administrative Agent or the Borrower, as may be necessary for the Administrative Agent and the
          Borrower to comply with their obligations under FATCA and to determine that such Lender has complied with such Lender’s obligations under FATCA or to determine the amount to deduct and withhold from any such payment. Solely for purposes of this
          clause (g), “FATCA” shall include any amendments made to FATCA after the Original Effective Date.

      Each Lender agrees that if any form or certification it previously delivered under this Agreement expires or becomes obsolete or inaccurate in any
        respect, it shall update such form or certification or promptly notify the Borrower and the Administrative Agent in writing of its legal inability to do so.

      (h)          Treatment of Certain
            Refunds.  If the Administrative Agent or any 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 2.14, it shall pay to the Borrower an amount equal to such refund (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 reasonable out-of-pocket expenses of the Administrative Agent or any 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 or any Lender, agrees to repay the amount paid over to the Borrower pursuant to this paragraph (h) (plus any penalties,
          interest or other charges imposed by the relevant Governmental Authority) to the Administrative Agent or any Lender in the event the Administrative Agent or any Lender is required to repay such refund to such Governmental Authority. 
          Notwithstanding anything to the contrary in this paragraph (h), in no event will the Administrative Agent or any Lender be required to pay any amount to the Borrower pursuant to this paragraph (h) the payment of which would place the
          Administrative Agent or such Lender in a less favorable net position after-Taxes than the

      
        
          

          

        

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      Administrative Agent or such Lender would have been in if the Tax subject to indemnification and giving rise to such refund had not been deducted,
        withheld or otherwise imposed and the indemnification payments or additional amounts with respect to such Tax had never been paid.  This paragraph (h) shall not be construed to require the Administrative Agent or any Lender to make available its
        Tax returns or its books or records (or any other information relating to its Taxes that it deems confidential) to the Borrower or any other Person.

      (i)          Defined Terms.  For
          purposes of this Section 2.14, the term “applicable law” includes FATCA.

      SECTION 2.15.          Payments Generally; Pro Rata
            Treatment: Sharing of Set-offs.

      (a)          Payments by the Borrower. 

          The Borrower shall make each payment required to be made by it hereunder (whether of principal, interest, fees, or under Sections 2.12, 2.13 or 2.14, or otherwise) or under any other Loan Document (except to the extent
          otherwise provided therein) prior to noon, Local Time, on the date when due, in immediately available funds, without set-off, deduction or counterclaim.  Any amounts received after such time on any date may, in the discretion of the
          Administrative Agent, be deemed to have been received on the next succeeding Business Day for purposes of calculating interest thereon.  All such payments shall be made to the Administrative Agent at the Administrative Agent’s Account, except as
          otherwise expressly provided in the relevant Loan Document and except payments pursuant to Sections 2.12, 2.13, 2.14 and 9.03, which shall be made directly to the Persons entitled thereto.  The Administrative Agent
          shall distribute any such payments received by it for the account of any other Person to the appropriate recipient promptly following receipt thereof.  If any payment hereunder shall be due on a day that is not a Business Day, the date for
          payment shall be extended to the next succeeding Business Day and, in the case of any payment accruing interest, interest thereon shall be payable for the period of such extension.

      All amounts owing under this Agreement (including commitment fees, payments required under Sections 2.12, 2.13
        and 2.14 relating to any Loan denominated in Dollars, but not including principal of and interest on any Loan denominated in any Foreign Currency or payments relating to any such Loan required under Section 2.14 denominated in any
        Foreign Currency, which are payable and shall be paid in such Foreign Currency) or under any other Loan Document (except to the extent otherwise provided therein) are
        payable and shall be paid in Dollars.  Notwithstanding the foregoing, if the Borrower shall fail to pay any principal of any Loan when due (whether at stated maturity,
        by acceleration, by mandatory prepayment or otherwise), the unpaid portion of such Loan shall, if such Loan is not denominated in Dollars, automatically be redenominated in Dollars on the due date thereof (or, ifwith respect to any Loan that is denominated in an Agreed Foreign Currency other than Pounds Sterling, if such due date is a day other than the last day of the Interest
        Period therefor, on the last day of such Interest Period) in an amount equal to the Dollar Equivalent thereof on the date of such redenomination and such principal shall be payable on demand and if the Borrower shall fail to pay any interest on any
        Loan that is not denominated in Dollars, such interest shall automatically be redenominated in Dollars on the due date therefor (or, if such due date is a day other than the last day of the Interest Period therefor, on the last day of such Interest
        Period) in an amount equal to the Dollar Equivalent thereof on the date of such redenomination and such interest shall be payable on demand.

      
        
          

          

        

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

      (c)          Pro Rata Treatment. 
          Except to the extent otherwise provided herein: (i) (x) other than with respect to any Borrowing requested pursuant to Section 2.18(a), each Borrowing of a Class shall be made from the Lenders of such Class, (y) other than the payment of
          a commitment fee to a Non-Extending Lender on the Non-Extending Revolver Termination Date, each payment of a commitment fee under Section 2.09 shall be made for the account of the Lenders of the applicable Class, and (z) other than with
          respect to any termination or reduction of Commitments in accordance with Section 2.06(f), each termination or reduction of the amount of the Commitments of a Class under Section 2.06, Section 2.08 or otherwise shall be
          applied to the respective Commitments of the Lenders of such Class, pro rata according to the amounts of their respective Commitments of such Class; (ii) other than with respect to any Borrowing requested pursuant to Section 2.18(a), each
          Borrowing of a Class shall be allocated pro rata among the Lenders of such Class according to the amounts of their respective Applicable Percentage of such Class (in the case of the making of Loans) or their respective Loans of such Class that
          are to be included in such Borrowing (in the case of conversions and continuations of Loans); (iii) other than in connection with a termination or reduction of Commitments in accordance with Section 2.06(f), the payment of a Non-Extending
          Lender’s Non-Extending Loans on the Non-Extending Maturity Date pursuant to Section 2.07(a), a mandatory prepayment pursuant to Section 2.08(d), or the payment of a Non-Extending Lender’s Non-Extending Loans pursuant to Section

            2.18, each payment or prepayment of principal of Loans of a Class by the Borrower shall be made for the account of the Lenders of such Class pro rata in accordance with the respective unpaid principal amounts of the Loans of such Class held
          by them (and, with respect to the pro rata treatment of prepayments between Classes, any such prepayments shall be made in accordance with the provisions of Sections 2.08(e) and (f)); and (iv) other than the payment of interest to
          a Non-Extending Lender on its applicable Non-Extending Maturity Date, each payment of interest on Loans by the Borrower shall be made for the account of the Lenders of such Class pro rata in accordance with the amounts of interest on such Loans
          then due and payable to the respective Lenders (which may, for the avoidance of doubt, be different amounts and percentages as between the Non-Extending Lenders and the Extending Lenders); provided, however, that, notwithstanding
          anything to the contrary contained herein, in the event that the Borrower wishes to make a Multicurrency Borrowing in an Agreed Foreign Currency and the Multicurrency Commitments are fully utilized, the Borrower may make a Borrowing under the
          Dollar Commitments (if otherwise permitted hereunder) and may use the proceeds of such Borrowing to prepay the Multicurrency Loans (without making a ratable prepayment to the Dollar Loans) solely to the extent that the Borrower concurrently
          utilizes any Multicurrency Commitments made available as a result of such prepayment to make a Multicurrency Borrowing in an Agreed Foreign Currency.  Each Borrowing requested pursuant to Section 2.18(a) shall be made from each Extending
          Lender on a pro rata basis according to the amounts of their respective Commitments.  Any termination or reduction of Commitments in accordance with Section 2.06(f) (including any payment or prepayment of principal of Loans in connection
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      Lender on a pro rata basis according to the amounts of its Commitments or Loans, as applicable, any payment of Non-Extending Loans on the
        Non-Extending Maturity Date pursuant to Section 2.07(a) shall be made for the account of each Non-Extending Lender pro rata in accordance with the respective unpaid principal amounts of the Non-Extending Loans held by it, and any mandatory
        prepayment of Non-Extending Loans pursuant to Section 2.08(d) shall be made for the account of each Non-Extending Lender pro rata in accordance with the respective unpaid principal amounts of the Non-Extending Loans held by it.  For the
        avoidance of doubt, no payments shall be allocated solely to Non-Extending Lenders following the occurrence and during the continuance of a Default or Event of Default.

      (d)          Sharing of Payments by
            Lenders.  If any Lender shall, by exercising any right of set-off or counterclaim or otherwise, obtain payment denominated in a Currency in respect of any principal of or interest on any of its Loans denominated in such Currency, resulting
          in such Lender receiving payment of a greater proportion of the aggregate amount of its Loans denominated in such Currency, and accrued interest thereon then due than the proportion received by any other Lender with Loans denominated in such
          Currency, then the Lender receiving such greater proportion shall purchase (for cash at face value) participations in the Loans denominated in such Currency of other Lenders with Loans denominated in such Currency to the extent necessary so that
          the benefit of all such payments shall be shared by the Lenders with Loans denominated in such Currency ratably in accordance with the aggregate amount of principal of and accrued interest on their respective Loans denominated in such Currency
          (subject, for the avoidance of doubt, to Section 2.08(e)(iv) if an Event of Default has occurred and is continuing); provided that (i) if any such participations are purchased and all or any portion of the payment giving rise
          thereto is recovered, such participations shall be rescinded and the purchase price restored to the extent of such recovery, without interest, and (ii) the provisions of this paragraph shall not be construed to apply to any payment made by the
          Borrower pursuant to and in accordance with the express terms of this Agreement or any other Loan Document or any payment obtained by a Lender as consideration for the assignment of or sale of a participation in any of its Loans to any assignee
          or participant, other than to the Borrower or any Subsidiary or Affiliate thereof (as to which the provisions of this paragraph shall apply).  The Borrower consents to the foregoing and agrees, to the extent it may effectively do so under
          applicable law, that any Lender acquiring a participation pursuant to the foregoing arrangements may exercise against the Borrower rights of set-off and counterclaim with respect to such participation as fully as if such Lender were a direct
          creditor of the Borrower in the amount of such participation.

      (e)          Presumptions of Payment. 

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

      
        
          

          

        

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      (f)          Certain Deductions by the
            Administrative Agent.  If any Lender shall fail to make any payment required to be made by it pursuant to Section 2.04(a) or (b) or Section 2.15(e), then the Administrative Agent may, in its discretion
          (notwithstanding any contrary provision hereof), apply any amounts thereafter received by the Administrative Agent for the account of such Lender to satisfy such Lender’s obligations under such Sections until all such unsatisfied obligations are
          fully paid.

      SECTION 2.16.          Defaulting Lenders.

      Notwithstanding any provision of this Agreement to the contrary, if any Lender becomes a Defaulting Lender, then the following
        provisions shall apply for so long as such Lender is a Defaulting Lender:

      (a)          commitment fees pursuant to Section

            2.09(a) shall cease to accrue on the unfunded portion of the Commitment of such Defaulting Lender to the extent, and during the period, such Lender is a Defaulting Lender; and

      (b)          the Commitment and Revolving
          Credit Exposure of such Defaulting Lender shall not be included in determining whether all Lenders, two-thirds of the Lenders, two-thirds of the Lenders of a Class, the Required
              Lenders or the Required Lenders of a Class have taken or may take any action hereunder or under any other Loan Document (including any consent to any
          amendment or waiver pursuant to Section 9.02, except for any amendment or waiver described in Section 9.02(b)(i), (ii) or (iii)); provided that any waiver, amendment or modification requiring the consent of
          all Lenders, two-thirds of the Lenders or each affected Lender which affects such Defaulting Lender differently than other Lenders or affected Lenders (as applicable) shall require the consent of such Defaulting Lender.

      In the event that the Administrative Agent and the Borrower each agrees in writing that a Defaulting Lender has adequately
        remedied all matters that caused such Lender to be a Defaulting Lender, then, on the date of such agreement, such Lender shall purchase at par the portion of the Loans of the other Lenders and take such other actions as the Administrative Agent shall determine may be necessary in order for such Lender to hold such Loans in accordance with its Applicable Percentage. in effect immediately after giving effect to such agreement, whereupon such Lender will cease to be a Defaulting Lender; provided that except to the extent otherwise expressly agreed by
            the affected parties, no change hereunder from Defaulting Lender to Lender will constitute a waiver or release of any claim of any party hereunder arising from such Lender’s having been a Defaulting Lender.

      Any payment of principal, interest, fees or other amounts received by
          Administrative Agent for the account of such Defaulting Lender (whether voluntary or mandatory, at maturity, pursuant to Section 7.01 or otherwise) or received by Administrative Agent from a Defaulting Lender, will be applied at such time or
          times as may be determined by Administrative Agent as follows: first, to the payment of any amounts owing by such Defaulting Lender to Administrative Agent hereunder; second, 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 Administrative Agent; third, if so determined by Administrative Agent and the
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      held in a deposit account and released pro rata in order to satisfy such Defaulting Lender’s potential future funding obligations with respect to Loans under this Agreement; fourth, to the payment of
          any amounts owing to Lenders as a result of any judgment of a court of competent jurisdiction obtained by any Lender against such Defaulting Lender as a result of such Defaulting Lender’s breach of its obligations under this Agreement; fifth, 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 sixth, 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 in respect of which such Defaulting Lender has not fully funded its appropriate share; and (y) notwithstanding anything to the contrary contained herein, such Loans were made at a time when the conditions set forth in Section 4.02 were
          satisfied or waived, such payment will be applied solely to pay the Loans of all Non-Defaulting Lenders on a pro rata
          basis prior to being applied to the payment of any Loans of such Defaulting Lender until such time as all Loans are held by Lenders pro rata in accordance with the Revolving Credit Exposures hereunder.  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 pursuant to this Section 2.16 are hereby deemed paid to and redirected by such Defaulting Lender, and each Lender irrevocably consents hereto.

      SECTION 2.17.          Mitigation Obligations; Replacement of
            Lenders.

      (a)          Designation of a Different
            Lending Office.  If any Lender exercises its rights under Section 2.11(b) or requests compensation under Section 2.12, or if the Borrower is required to pay any Covered Taxes or additional amount to any Lender or any
          Governmental Authority for the account of any Lender pursuant to Section 2.14, then such Lender shall (at the request of the Borrower) use reasonable efforts
          (subject to overall policy considerations of such Lender) to designate a different lending office for funding or booking its Loans hereunder or to assign its rights and obligations hereunder to another of its offices, branches or affiliates, if, in the sole reasonable judgment of such Lender, such designation or assignment (i) would eliminate or reduce amounts payable pursuant to Section 2.12 or 2.14,
          as the case may be, in the future, or eliminate the circumstance giving rise to such Lender exercising its rights under Section 2.11(b) and (ii) would not subject such Lender to any cost or expense not required to be reimbursed by the
          Borrower and would not otherwise be disadvantageous to such Lender.  The Borrower hereby agrees to pay all reasonable costs and expenses incurred by any Lender in connection with any such designation or assignment.

      (b)          Replacement of Lenders. 

          If any Lender exercises its rights under Section 2.11(b) or requests compensation under Section 2.12, or if the Borrower is required to pay any Covered Taxes or additional amount to any Lender or any Governmental Authority for the
          account of any Lender pursuant to Section 2.14 and, in each case, such Lender has declined or is unable to designate a different lending office in accordance with Section 2.17(a), or if any Lender becomes a Defaulting Lender, or
          if any Lender becomes a Non-Consenting Lender, then the Borrower may, at its sole expense and effort, upon notice to such Lender and the Administrative Agent, require such Lender to assign and delegate, without recourse (in accordance with and
          subject to the restrictions contained in Section 9.04), all its interests, rights and obligations under this Agreement and the other Loan Documents to an assignee that shall assume such obligations

      
        
          

          

        

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      (which assignee may be another Lender, if a Lender accepts such assignment); provided that (i) the Borrower shall have received the prior
        written consent of the Administrative Agent which consent shall not be unreasonably withheld, conditioned or delayed, (ii) such Lender shall have received payment of an amount equal to the outstanding principal of its Loans, accrued interest
        thereon, accrued fees and all other amounts payable to it hereunder, from the assignee (to the extent of such outstanding principal and accrued interest and fees) or the Borrower (in the case of all other amounts) and (iii) in the case of any such
        assignment resulting from a claim for compensation under Section 2.12 or payments required to be made pursuant to Section 2.14, such assignment will result in a reduction in such compensation or payments.  A Lender shall not be
        required to make any such assignment and 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.

      (c)          Defaulting Lenders.  If
          any Lender shall fail to make any payment required to be made by it pursuant to Section 2.04, 2.15(e) or 9.03(c), then the Administrative Agent may, in
          its discretion and notwithstanding any contrary provision hereof, (i) apply any amounts thereafter received by the Administrative Agent for the account of such Lender for the benefit of the Administrative Agent to satisfy such Lender’s
          obligations under such Sections until all such unsatisfied obligations are fully paid, and/or (ii) hold any such amounts in a segregated account as cash collateral for, and application to, any future funding obligations of such Lender under such
          Sections, in the case of each of clauses (i) and (ii) above, in any order as determined by the Administrative Agent in its discretion.

      SECTION 2.18.          Reallocations Related to Non-Extending
            Lender Commitment Reductions.

      (a)          Reallocation of
            Participations and Loans.  Notwithstanding anything to the contrary herein, in connection with the reduction or termination of the Non-Extending Lender(s)’ Commitments in accordance with Section 2.06(f) on any date prior to the
          Non-Extended Revolver Termination Date, the Borrower shall be permitted to request, and each Extending Lender agrees to provide, one or more Dollar Loans be made ratably among the Extending Lenders in accordance with the provisions of Sections

            2.02, 2.03 and 2.15(c) in an amount up to the amount by which such Non-Extending Lender’s Revolving Credit Exposure would exceed such Non-Extending Lender’s Commitments after giving effect to such Commitment reduction, in
          each case, so long as (x) the conditions set forth in Section 4.02 are satisfied (and, unless Borrower shall have otherwise notified the Administrative Agent at such time, Borrower shall be deemed to have represented and warranted that
          such conditions are satisfied at such time), (y) such Borrowing does not cause (I) the aggregate Revolving Credit Exposure of any Extending Lender to exceed such Extending Lender’s Commitment, (II) the aggregate Revolving Dollar Credit Exposure
          of all of the Dollar Lenders with Dollar Commitments then in effect to exceed the aggregate Dollar Commitments at such time or (III) the aggregate Revolving Multicurrency Credit Exposure of all of the Multicurrency Lenders with Multicurrency
          Commitments then in effect to exceed the aggregate Multicurrency Commitments at such time and (z) the proceeds of any such Loan are applied solely to reduce the Revolving Credit Exposure of the applicable Non-Extending Lender or Non-Extending
          Lenders, as applicable.

      
        
          

          

        

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      (b)          Prepayments. If any
          Loan related to the reduction or termination of a Non-Extending Lender’s Commitment prior to the Non-Extended Revolver Termination Date described in clause (a) above cannot, or can only partially, be effected, the Borrower shall, not
          later than the date of such Commitment reduction or termination, without prejudice to any right or remedy available to it hereunder or under law, prepay any Loans of such Non-Extending Lender(s) in an amount equal to the amount by which the
          Revolving Credit Exposure of such Non-Extending Lender after giving effect to any prepayment described in clause (a)(z) above exceeds such Non-Extending Lender’s Commitment after giving effect to any reduction in such Non-Extending
          Lender’s Commitment, as applicable.

      ARTICLE III          

          

          

          REPRESENTATIONS AND WARRANTIES

      The Borrower represents and warrants to the Lenders that:

      SECTION 3.01.          Organization;
            Powers.  Each of the Borrower and its Subsidiaries, as applicable,  is duly organized or incorporated, as applicable,
          validly existing and in good standing under the laws of the jurisdiction of its organization or incorporation, as applicable, has all requisite power and authority to
          carry on its business as now conducted and is qualified to do business in, and is in good standing in, every jurisdiction where the failure to do so could reasonably be expected to result in a Material Adverse Effect.  There is no existing
          default under any charter, by-laws or other Organization Documents of the Borrower or its Subsidiaries or any event which, with the giving of notice or passage of time or both, would constitute a default by any party thereunder.

      SECTION 3.02.          Authorization;
            Enforceability.  The Transactions are within the Borrower’s limited liability company or other powers, as applicable, and have been duly authorized by all necessary limited liability company or other organizational action, as applicable, and the
          Board of Directors of the Parent (acting for the Borrower and the Borrower’s Subsidiaries) has approved the transactions contemplated in this Agreement.  This Agreement has been duly executed and delivered by the Borrower and each of the other
          Loan Documents to which any Obligor is a party have been or will be duly executed and delivered by each such Obligor.  This Agreement constitutes, and each of the other Loan Documents to which any Obligor is a party, when executed and delivered,
          will constitute a legal, valid and binding obligation of the applicable Obligor or Obligors, enforceable in accordance with its terms, except as such enforceability may be limited by (a) bankruptcy, insolvency, reorganization, moratorium or
          similar laws of general applicability affecting the enforcement of creditors’ rights and (b) the application of general principles of equity (regardless of whether such enforceability is considered in a proceeding in equity or at law).

      SECTION 3.03.          Governmental
            Approvals; No Conflicts.  The Transactions (a) do not require any consent or approval of, registration or filing with, or any other action by, any Governmental
          Authority, except for (i) such as have been or will be obtained or made and are in full force and effect and (ii) filings and recordings in respect of the Liens created pursuant to

      
        
          

          

        

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      the Security Documents, (b) will not violate any applicable law or regulation or the charter, by-laws or other
          Organization Documents of the Parent, the Borrower or any of the Borrower’s Subsidiaries or any order of any Governmental Authority (including the Investment Company Act and the rules, regulations and orders issued by the SEC thereunder),
        (c) will not violate or result in a default in any material respect under any indenture, agreement or other instrument binding upon the Parent, the Borrower or any of the Borrower’s Subsidiaries or assets, or give rise to a right thereunder to
        require any payment to be made by any such Person, and (d) except for the Liens created pursuant to the Security Documents, will not result in the creation or imposition of any Lien on the Equity Interests of the Borrower owned by the Parent or on
        any asset of the Borrower or any of its Subsidiaries.

      SECTION 3.04.          Financial Condition; No Material
            Adverse Effect.

      (a)          Financial Statements.

      (i)          The
          financial statements delivered to the Administrative Agent and the Lenders by the Borrower pursuant to Section 4.01(d)(i) of the Existing Credit Agreement present fairly, in all material respects, the consolidated statements of assets and
          liabilities, consolidated schedule of investments, consolidated statements of operations, consolidated statements of changes in net assets and consolidated statements of cash flows of the Borrower and its consolidated Subsidiaries as of the end
          of and for the applicable period in accordance with GAAP.  The financial statements delivered to the Administrative Agent and the Lenders by the Borrower pursuant to Section 4.01(d)(ii) of the Existing Credit Agreement present fairly, in
          all material respects, the consolidated statements of assets and liabilities, consolidated schedule of investments, consolidated statements of operations, consolidated statements of changes in net assets and consolidated statements of cash flows
          of the Parent and its consolidated Subsidiaries as of the end of and for the applicable period in accordance with GAAP.  On the First AmendmentOriginal Effective Date, none of the Parent, the Borrower or any of their respective Subsidiaries has any material contingent liabilities, material liabilities for taxes, material unusual forward
          or material long-term commitments or material unrealized or anticipated losses from any unfavorable commitments not reflected in the financial statements referred to above.

      (ii)          The
          financial statements delivered to the Administrative Agent and the Lenders by the Borrower pursuant to Sections 5.01(a) and (c) present fairly, in all material respects, the consolidated statements of assets and liabilities,
          consolidated schedule of investments, consolidated statements of operations, consolidated statements of changes in net assets and consolidated statements of cash flows of the Borrower and its consolidated Subsidiaries as of the end of and for the
          applicable period in accordance with GAAP, subject, in the case of unaudited financial statements, to year-end audit adjustments and the absence of footnotes.  The financial statements delivered to the Administrative Agent and the Lenders by the
          Borrower pursuant to Sections 5.01(b) and (d) present fairly, in all material respects, the consolidated statements of assets and liabilities, consolidated schedule of investments, consolidated statements of operations,
          consolidated statements of changes in net assets and consolidated statements of cash flows of the Parent and its consolidated Subsidiaries as of the end of and for the applicable period in accordance with GAAP, subject, in the case of unaudited
          financial statements, to year-end audit

      
        
          

          

        

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      adjustments and the absence of footnotes.  None of the Parent, the Borrower or any of their respective Subsidiaries has any
        material contingent liabilities, material liabilities for taxes, material unusual forward or material long-term commitments or material unrealized or anticipated losses from any unfavorable commitments not reflected in such financial statements.

      (b)          No Material Adverse Effect. 

          Since December 31, 2016 or the date of the most recent annual financial statements delivered pursuant to Section 5.01(a), there has not been any event, development or
          circumstance that has had or could reasonably be expected to have a Material Adverse Effect.

                Litigation.  There are no actions, suits, investigations or proceedings by or before any arbitrator or Governmental
          Authority now pending against or, to the knowledge of any Tennenbaum Party, threatened against or affecting the Parent, the Borrower or any of their respective Subsidiaries (a) as to which there is a reasonable possibility of an adverse
          determination and that, if adversely determined, could reasonably be expected, individually or in the aggregate, to result in a Material Adverse Effect or (b) that involve this Agreement or the Transactions.

                Compliance with Laws and Agreements.  Each of the Borrower and its Subsidiaries is in compliance with all laws,
          regulations and orders of any Governmental Authority applicable to it or its property and all indentures, agreements and other instruments binding upon it or its property, except where the failure to do so, individually or in the aggregate, could
          not reasonably be expected to result in a Material Adverse Effect.  Neither the Borrower nor any of its Subsidiaries is subject to any contract or other arrangement, the performance of which could reasonably be expected to result in a Material
          Adverse Effect.  Neither the Borrower nor any of its Subsidiaries is in default in any manner under any provision of any agreement or instrument to which it is a party or by which it or any of its property is or may be bound, and no condition
          exists which, with the giving of notice or the lapse of time or both, would constitute such a default, in each case where such default could reasonably be expected to result in a Material Adverse Effect.  Each of the Borrower and its Subsidiaries
          is in compliance with its respective Organization Documents in all material respects.

      SECTION 3.07.          Taxes.  Each of the Borrower and
          its Subsidiaries has timely filed or has caused to be timely filed all U.S. federal, state and material local Tax returns that are required to be filed by it and all other material Tax returns that are required to be filed by it and has paid all
          Taxes for which it is directly or indirectly liable and any assessments made against it or any of its property and all other Taxes, fees or other charges imposed on it or any of its property by any Governmental Authority, except such Taxes, fees
          or other charges that arethe amount or validity of which is currently being contested in good faith by
          appropriate proceedings and with respect to which reserves in conformity with GAAP have been provided on the books of the Borrower or its Subsidiaries, as the case may be.  The charges, accruals and reserves on the books of the Borrower and any
          of its Subsidiaries in respect of Taxes and other governmental charges are adequate in accordance with GAAP.  Neither the Borrower nor any of its Subsidiaries has given or been requested to give a waiver of the statute of limitations relating to
          the payment of any

      
        
          

          

        

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      federal, state, local and foreign Taxes or other impositions, and no Tax lien has been filed with respect to the Borrower or any of its
        Subsidiaries.  There is no proposed Tax assessment against the Borrower or any of its Subsidiaries, and there is no basis for such assessment.  The Borrower is treated as a partnership for U.S. federal income
            tax purposes and has been treated as a partnership for U.S. federal income tax purposes for each taxable year since its formation.

      SECTION 3.08.          ERISA.

      (a)          Each Plan is in compliance in
          all material respects in form and operation with its terms and with ERISA and the Code (including, without limitation, the Code provisions compliance with which is necessary for any intended favorable tax treatment) and all other applicable laws
          and regulations.  Each Plan (and each related trust, if any) that is intended to be qualified under Section 401(a) of the Code has received a favorable determination letter from the IRS to the effect that it meets the requirements of Sections
          401(a) and 501(a) of the Code covering all applicable tax law changes or is comprised of a master and prototype plan that has received a favorable opinion letter from the IRS, and nothing has occurred since the date of such determination that
          would adversely affect such determination (or, in the case of a Plan with no determination, nothing has occurred that would materially adversely affect the issuance of a favorable determination letter or otherwise materially adversely affect such
          qualification).  No ERISA Event has occurred or is reasonably expected to occur that, alone or together with any other ERISA Events that have occurred or are reasonably expected to occur, could reasonably be expected to result in liability of the
          Borrower and its Subsidiaries in an aggregate amount exceeding $5,000,000.

      (b)          With respect to Pension Plans,
          there exists no Unfunded Pension Liability in the aggregate (taking into account only such Pension Plans with positive Unfunded Pension Liability) in excess of $2,500,000.

      (c)          Schedule 3.08(c)
          discloses all Unfunded Pension Liabilities with respect to Pension Plans.

      (d)          None of the Borrower, any
          Subsidiary or any ERISA Affiliate is making or accruing an obligation to make contributions, or has within any of the five (5) calendar years immediately preceding the date this assurance is given or deemed given, made or accrued an obligation to
          make contributions to any Multiemployer Plan.  To the extent that one or more Multiemployer Plans exist, no Multiemployer Plan is insolvent or in reorganization.  None of the Borrower, any Subsidiary or any ERISA Affiliate has incurred a complete
          or partial withdrawal from any Multiemployer Plan, and, if each of the Borrower, any Subsidiary and each ERISA Affiliate were to withdraw from all Multiemployer Plans in a complete withdrawal as of the date this assurance is given or deemed
          given, the aggregate Withdrawal Liability that would be incurred would not be in excess of $2,500,000.

      (e)          There are no actions, suits or
          claims pending against or involving a Plan (other than routine individual claims for benefits) or, to the knowledge of any Tennenbaum Party or any ERISA Affiliate, threatened, that would reasonably be expected to be asserted successfully against
          any Plan and, if so asserted successfully, would reasonably be expected either singly or in the aggregate to result in material liability.

      
        
          

          

        

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      (f)          The Borrower, any Subsidiary
          and any ERISA Affiliate have made all material contributions to or under each Pension Plan and Multiemployer Plan required by law within the applicable time limits prescribed thereby, the terms of such Pension Plan or Multiemployer Plan,
          respectively, or any contract or agreement requiring contributions to a Pension Plan or Multiemployer Plan save where any failure to comply, individually or in the aggregate, would not reasonably be expected to result in material liability.

      (g)          No Plan that is subject to
          Section 412 of the Code or Section 302 of ERISA has applied for or received an extension of any amortization period, within the meaning of Section 412 of the Code or Section 303 or 304 of ERISA. The Borrower, any Subsidiary and any ERISA
          Affiliate have not ceased operations at a facility so as to become subject to the provisions of Section 4068(a) of ERISA, withdrawn as a substantial employer so as to become subject to the provisions of Section 4063 of ERISA or ceased making
          contributions to any Pension Plan subject to Section 4064(a) of ERISA to which it made contributions.  None of the Borrower, any Subsidiary or any ERISA Affiliate have incurred or reasonably expect to incur any liability to the PBGC save for any
          liability for premiums due in the ordinary course or other liability that would not reasonably be expected to result in material liability, and no lien imposed under the Code or ERISA on the assets of the Borrower, any Subsidiary or any ERISA
          Affiliate exists or is likely to arise on account of any Pension Plan. None of the Borrower, any Subsidiary or any ERISA Affiliate has any liability under Section 4069 or Section 4212(c) of ERISA.

      (h)          The assets of the Borrower do not constitute “plan assets” of any Benefit Plan for purposes of ERISA or Section 4975 of the Code, or plan assets of any
            employee benefit plan that is subject to Similar Law.

      SECTION 3.09.          Disclosure.

      (a)          All

            written information (other than financial projections, pro forma financial information, other forward-looking information and information of a general economic or general industry nature) which has been made available to the Administrative
            Agent or any Lender by the Advisor, the Parent, the Borrower or any of the Parent’s or the Borrower’s Subsidiaries or representatives, in connection with the transactions contemplated by this Agreement or delivered under any Loan Document,
            taken as a whole, is and will be (after giving effect to all written updates provided by the Borrower to the Administrative Agent for delivery to the Lenders from time to time) complete, true and correct in all material respects and does not
            and will not (after giving effect to all written updates provided by the Borrower to the Administrative Agent for delivery to the Lenders from time to time) contain any untrue statement of a material fact or omit to state a material fact
            necessary in order to make the statements contained therein at the time made and, taken as a whole, not misleading in the light of the circumstances under which such statements were (or hereafter are) made; and

      (b)          All

            financial projections, pro forma financial information and other forward-looking information which has been delivered to the Administrative Agent or any Lender by the Advisor,

              the Parent, the Borrower or any of itsthe Parent’s or the Borrower’s Subsidiaries or representatives, in connection with the transactions contemplated by this Agreement or delivered under any Loan Document, are based upon good faith estimates and assumptions believed by the Borrower to
            be reasonable at the time made, it being recognized that (i) such

      
        
          

          

        

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      projections, financial information and other forward-looking information as they relate to future events are subject
          to significant uncertainty and contingencies (many of which are beyond the control of the Borrower) and therefore are not to be viewed as fact and (ii) actual results during the period or periods covered by such projections, financial information
          and other forward-looking information may materially differ from the projected results set forth therein.  ; and

      (c)          All information of a general economic nature (excluding the specific historical economic performance of the Parent, the Borrower or its or their Subsidiaries
            or their respective Affiliates) or relating generally to the industry in which the Parent, the Borrower or its or their Subsidiaries or their respective Affiliates operate made available to the Administrative Agent or any Lender by or on behalf
            of the Advisor, the Parent or the Borrower are believed by the Parent and the Borrower in good faith to be true and accurate in all material respects, but without independent investigation by the Parent and the Borrower of the accuracy thereof.

      SECTION 3.10.          Investment
            Company Act; Margin Regulations.

      (a)          Status as Business
            Development Company.  The Parent has elected to be regulated as a “business development company” within the meaning of the Investment Company Act.  The Parent qualifies as a RIC and has qualified as a RIC at all times since its taxable year
          ended December 31, 2012.

      (b)          Compliance with Investment
            Company Act.  The business and other activities of the Parent, the Borrower and their respective Subsidiaries (including, without limitation, entering into this Agreement and the other Loan Documents to which
            each is a party, the borrowing of the Loans hereunder, the application of the proceeds and repayment thereof by the Borrower and the consummation of the Transactions contemplated by the Loan Documents)  do not result in a violation or breach of
            the provisions of the Investment Company Act or any rules, regulations or orders issued by the SEC thereunder.

      (c)          Investment Policies. 
          The Borrower is in compliance in all material respects with the Investment Policies, as amended by Permitted Policy Amendments.

      (d)          Use of Credit.  Neither
          the Borrower nor any of its Subsidiaries is engaged principally, or as one of its important activities, in the business of extending credit for the purpose, whether immediate, incidental or ultimate, of buying or carrying Margin Stock, and no
          part of the proceeds of any extension of credit hereunder will be used to buy or carry any Margin Stock. Neither the Borrower nor any of its Subsidiaries own or intend to carry or purchase any Margin Stock or to extend “purpose credit” within the
          meaning of Regulation U.

      SECTION 3.11.          Material Agreements and Liens.

      (a)          Material Agreements.  Schedule 3.11(a)
          is a complete and correct list of each credit agreement, loan agreement, indenture, purchase agreement, guarantee, letter of credit or other arrangement providing for or otherwise relating to any Indebtedness or any extension of credit (or
          commitment for any extension of credit) to, or guarantee by, the Parent, the Borrower or any of their respective Subsidiaries outstanding on the FirstOmnibus Amendment Effective Date (other than this Agreement and the other Loan Documents), and the aggregate principal
          or face

      
        
          

          

        

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      amount outstanding or that is, or may become, outstanding under each such arrangement is correctly described in Schedule 3.11(a).

      (b)          Liens.  Schedule 3.11(b)
          is a complete and correct list of each Lien securing Indebtedness of any Person outstanding on the FirstOmnibus
          Amendment Effective Date (other than Liens securing this Agreement and the other Loan Documents) covering any property of the Parent, the Borrower or any of their
          respective Subsidiaries, and the aggregate principal amount of such Indebtedness secured (or that may be secured) by each such Lien and the property covered by each such Lien as of the FirstOmnibus Amendment Effective Date is correctly described in Schedule 3.11(b).

      SECTION 3.12.          Subsidiaries and
            Investments.

      (a)          Subsidiaries.  Set
          forth in Schedule 3.12(a) (as updated from time to time pursuant to Section 5.08) is a complete and correct list of all of the Subsidiaries of the Borrower as of the FirstOmnibus Amendment Effective Date together with, for each such Subsidiary, (i) the jurisdiction of organization of such Subsidiary, (ii) each Person holding ownership
          interests in such Subsidiary and (iii) the percentage of ownership of such Subsidiary represented by such ownership interests.  Except as disclosed in Schedule 3.12(a), as of the FirstOmnibus Amendment Effective Date, (x) the Borrower owns, free and clear of Liens, and has the unencumbered right to vote, all outstanding ownership interests in each
          Subsidiary shown to be held by it in Schedule 3.12(a), and (y) all of the issued and outstanding capital stock of each such Subsidiary organized as a corporation is validly issued, fully paid and nonassessable.

      (b)          Investments.  Set forth
          in Schedule 3.12(b) is a complete and correct list of all Investments (other than Investments of the types referred to in clauses (b) through (g) of Section 6.04) held

          by the Borrower or any of its Subsidiaries in any Person on the FirstOmnibus Amendment Effective Date and, for
          each such Investment, (i) the identity of the Person or Persons holding such Investment, (ii) the nature of such Investment, (iii) the amount of such Investment, (iv) if applicable, the rate of interest charged for such Investment and (v) the
          value assigned to such Investment by the Board of Directors of the Parent.  Except as disclosed in Schedule 3.12(b), as of the FirstOmnibus Amendment Effective Date each of the Borrower and its Subsidiaries owns, free and clear of all Liens (other than Liens permitted pursuant to Section 6.02), all such Investments.

      (c)          Borrower Equity.  The
          Parent owns, free and clear of Liens, and has the unencumbered right to vote, all outstanding ownership interests in the Borrower.

      SECTION 3.13.          Properties.

      (a)          Title Generally.  Each
          of the Borrower and its Subsidiaries has good title to, or valid leasehold interests in, all its real and personal property material to its business, except for minor defects in title that do not interfere with its ability to conduct its business
          as currently conducted or to utilize such properties for their intended purposes.

      (b)          Intellectual Property. 
          Each of the Borrower and its Subsidiaries owns, or is licensed to use, all trademarks, tradenames, copyrights, patents and other intellectual property

      
        
          

          

        

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      material to its business, and the use thereof by the Borrower and its Subsidiaries does not infringe upon the rights of any other Person, except
        for any such infringements that, individually or in the aggregate, could not reasonably be expected to result in a Material Adverse Effect.

      SECTION 3.14.          Solvency(a)          . 

          On the FirstOmnibus Amendment Effective Date, and upon the incurrence of any extension of credit hereunder, on
          any date on which this representation and warranty is made, (a) the Borrower will be Solvent on an unconsolidated basis and (b) each Obligor will be Solvent on a consolidated basis with the other Obligors.

      SECTION 3.15.          No Default.  No Default has
          occurred and is continuing under this Agreement or under any Material Indebtedness.

      SECTION 3.16.          Use of Proceeds.  The proceeds
          of the Loans shall be used for the general corporate purposes of the Borrower and its Subsidiaries (other than Financing Subsidiaries except as expressly permitted under Section 6.03(e)) in the ordinary course of its business, including
          making distributions not prohibited by this Agreement, making payments on Indebtedness of the Obligors to the extent permitted under this Agreement and the acquisition and funding (either directly or indirectly as expressly permitted hereunder)
          of leveraged loans, mezzanine loans, high yield securities, convertible securities, preferred stock, common stock and other Portfolio Investments, but excluding, for clarity, the buying or carrying of Margin Stock.

      SECTION 3.17.          Security Documents.  The
          Guarantee and Security Agreement is effective to create in favor of the Collateral Agent for the benefit of the Secured Parties, legal, valid and enforceable first-priority Liens on, and security interests in, the Collateral and, (i) when all
          appropriate filings or recordings are made in the appropriate offices as may be required under applicable law and, as applicable, (ii) upon the taking of possession or control by the Collateral Agent of the Collateral with respect to which a
          security interest may be perfected by possession or control (which possession or control shall be given to the Collateral Agent to the extent possession or control by the Collateral Agent is required by the Guarantee and Security Agreement), the
          Liens created by the Guarantee and Security Agreement shall constitute fully perfected Liens on, and security interests in, all right, title and interest of the grantors in the Collateral (other than such Collateral in which a security interest
          cannot be perfected under the UCC as in effect at the relevant time in the relevant jurisdiction), in each case subject to no Liens other than Permitted Liens.

      SECTION 3.18.          Financing Subsidiaries.

      (a)          Any Structured Subsidiary
          complies with each of the conditions set forth in the definition of “Structured Subsidiary”.

      (b)          Any SBIC Subsidiary complies
          with each of the conditions set forth in the definition of “SBIC Subsidiary.”

      SECTION 3.19.          Affiliate Agreements.  As of the
          FirstOmnibus Amendment Effective Date, the Borrower has heretofore delivered to each of the Lenders true and
          complete copies of each of the Affiliate Agreements (including any schedules and exhibits thereto, and any amendments, supplements or waivers executed and delivered thereunder). As of the FirstOmnibus Amendment Effective Date, (a) each of the Affiliate Agreements is in full force and
            effect and (b)

      
        
          

          

        

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      other than the Affiliate Agreements, there is no contract, agreement or understanding, in writing, between or among
          the Borrower or any of its Subsidiaries, on the one hand, and any Tennenbaum Party or any of their respective Subsidiaries or Affiliates, on the other hand.

      SECTION 3.20.          Compliance with
            Sanctions.  Neither the Borrower nor any of its Subsidiaries, nor, to the knowledge of any Tennenbaum Party or any other Affiliate of the Borrower or any of its Subsidiaries, or any executive officer or director thereof (i) is subject to, or subject of, sanctions (collectively, “Sanctions”) administered by the United States Department of the Treasury’s Office of Foreign Assets Control (“OFAC”),

          any other United States of America Governmental Authority, the U.S. Department of State, the European Union, Her Majesty’s Treasury, the United Nations Security
          Council, or any other relevant sanctions authority, or (ii) is located, has a place of business or is organized or resident in a Sanctioned Country. Furthermore, no part of the proceeds of a Loan will be used, directly or indirectly, by the
          Borrower or any of its Subsidiaries or Affiliates, or by any of their respective directors, officers, agents, employees or other persons associated with them or acting on their behalf, (i) to finance or facilitate a transaction with a person that is subject to Sanctions or is located, has a place of business or is organized or resident in 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, or
              otherwise).  Each Obligor and, to the knowledge of the Borrower, each Affiliate of each Obligor, has instituted and maintained policies and procedures designed to ensure, and which are reasonably expected to continue to ensure, compliance
              with all applicable Sanctions.

      SECTION 3.21.          Anti-Money Laundering Program 
          The Borrower has implemented anti-money laundering programs to the extent required by the Uniting And Strengthening America By Providing Appropriate Tools Required To Intercept And Obstruct Terrorism, as amended (the “USA PATRIOT Act”),
          and the rules and regulations thereunder and maintains in effect and enforces policies and procedures designed to ensure compliance by the Borrower and each of its Subsidiaries (and, when acting on behalf of the Borrower or any of its
          Subsidiaries, their respective directors, officers, employees and agents) with applicable Sanctions.

      SECTION 3.22.          Beneficial Ownership Certification. 

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

      SECTION 3.23.          Foreign Corrupt Practices Act. 
          Neither the Borrower nor any of its Subsidiaries, nor, to the knowledge of any Tennenbaum Party or any other Affiliate of the Borrower or any of its Subsidiaries, any executive officer or director thereof or other person associated with or acting
          on behalf thereof has: (i) used any corporate funds for any unlawful contribution, gift, entertainment or other unlawful expense relating to political activity or to influence official action; (ii) made any direct or indirect unlawful payment to
          any foreign or domestic government official or employee from corporate funds; (iii) made any bribe, rebate, payoff, influence payment, kickback or other unlawful payment; or (iv) violated or is in violation of any provision of the U.S. Foreign
          Corrupt Practices Act of 1977, as amended, and the rules and regulations thereunder (the “FCPA”) and any applicable law or regulation implementing the OECD Convention on Combating Bribery of Foreign Public Officials in International
          Business Transactions (collectively with the FCPA, the “Anti-Corruption Laws”); and the Borrower and

      
        
          

          

        

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      each of its Subsidiaries and Affiliates have conducted their businesses in compliance with the Anti-Corruption Laws and have instituted and
        maintained policies and procedures reasonably designed to ensure, and which are reasonably expected to continue to ensure, compliance therewith.  Furthermore, no part of the proceeds of a Loan will be used, directly or indirectly, by the Borrower
        or any of its Subsidiaries or Affiliates, or by any of their respective directors, officers, agents, employees or other persons associated with them or acting on their behalf, to finance or facilitate a transaction in violation of the
        Anti-Corruption Laws.

      SECTION 3.24.          Affected Financial Institution. 
          No Obligor is an Affected Financial Institution.

      ARTICLE IV          

          

          

          CONDITIONS

      SECTION 4.01.          Restatement Effective Date.  The
          effectiveness of this Agreement on the Restatement Effective Date and of the obligations of the Lenders to make Loans hereunder shall not become effective until completion of each of the following conditions precedent (unless a condition shall
          have been waived in accordance with Section 9.02):

      (a)          Documents. 
          Administrative Agent shall have received each of the following documents, each of which shall be reasonably satisfactory to the Administrative Agent (and to the extent specified below to each Lender) in form and substance:

      (i)          Executed

            Counterparts.  From each party hereto either (1) a counterpart of this Agreement signed on behalf of such party or (2) written evidence satisfactory to the Administrative Agent (which may include telecopy or e-mail transmission of a signed
          signature page to this Agreement) that such party has signed a counterpart of this Agreement.

      (ii)          Guarantee

            and Security Agreement; Custodial and Account Control Agreement.  The Guarantee and Security Agreement and the Custodial and Account Control Agreement with respect to the Borrower’s Custodian Account, each duly executed and delivered by
          each of the parties thereto, and all other documents or instruments required to be delivered by the Guarantee and Security Agreement and the Custodial and Account Control Agreement in connection with the execution thereof.

      (iii)          Opinion

            of Counsel to the Borrower.  Favorable written opinions (addressed to the Administrative Agent and the Lenders and dated the Restatement Effective Date) of Elizabeth Greenwood, General Counsel of the Borrower and of Skadden, Arps, Slate,
          Meagher & Flom LLP, counsel for the Borrower in form and substance reasonably satisfactory to the Administrative Agent and covering such matters as the Administrative Agent may reasonably request (and the Borrower hereby instructs such
          counsel to deliver such opinion to the Lenders, the Administrative Agent and the Collateral Agent).

      
        
          

          

        

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      (iv)          Corporate

            Documents.  A certificate of the secretary or assistant secretary of each Obligor, dated the Restatement Effective Date, certifying that attached thereto are (1) true and complete copies of the Organization Documents of each such Obligor
          certified in each case as of a recent date by the appropriate governmental official, (2) signature and incumbency certificates of the officers of such Person executing the Loan Documents to which it is a party, (3) true and complete resolutions
          of the Board of Directors of each Obligor approving and authorizing the execution, delivery and performance of this Agreement and the other Loan Documents to which it is a party or by which it or its assets may be bound as of the Restatement
          Effective Date and, in the case of the Borrower, authorizing the borrowings hereunder, and that such resolutions are in full force and effect without modification or amendment, (4) a good standing certificate from the applicable Governmental
          Authority of each Obligor’s jurisdiction of incorporation, organization or formation and in each jurisdiction in which it is qualified as a foreign corporation or other entity to do business, each dated a recent date prior to the Restatement
          Effective Date, and (5) such other documents and certificates as the Administrative Agent or its counsel may reasonably request relating to the organization, existence and good standing of the Obligors and the authorization of the Transactions,
          all in form and substance reasonably satisfactory to the Administrative Agent and its counsel.

      (v)          Officer’s

            Certificate. A certificate, dated the Restatement Effective Date and signed by a Financial Officer of the Borrower, confirming compliance with the conditions set forth in Sections 4.01(f) and (i) and Sections 4.02 (a),
          (b), (c) and (e).

      (b)          Custodial and Account
            Control Agreement.  The Custodial and Account Control Agreement shall have been duly executed and delivered by the Borrower, the Collateral Agent and the Custodian and all other control arrangements required at the time by Section
            5.08(c)(ii) with respect to the Obligors’ other deposit accounts and securities accounts shall have been entered into.

      (c)          Liens.  The
          Administrative Agent shall have received results of a recent Lien search in each relevant jurisdiction with respect to the Obligors, confirming the priority of the Liens in favor of the Collateral Agent created pursuant to the Security Documents
          and revealing no Liens on any of the assets of the Borrower or its Subsidiaries except for Liens permitted under Section 6.02 or Liens to be discharged on or prior to the Restatement Effective Date pursuant to documentation satisfactory
          to the Administrative Agent.  The Administrative Agent shall have received results of a recent lien search in each relevant jurisdiction with respect to the Parent revealing no liens on the Equity Interests of the Borrower except for Liens to be
          discharged on or prior to the Restatement Effective Date pursuant to documentation satisfactory to the Administrative Agent.  All UCC financing statements, control agreements, stock certificates and other documents or instruments required to be
          filed or executed and delivered in order to create in favor of the Collateral Agent, for the benefit of the Administrative Agent and the Lenders, a first-priority perfected (subject to Eligible Liens) security interest in the Collateral (to the
          extent that such a security interest may be perfected by filing, possession or control under the Uniform Commercial Code and as required hereunder or under the Guarantee and Security Agreement) shall have been properly filed (or provided to the
          Administrative Agent) or executed and delivered in each jurisdiction required.

      
        
          

          

        

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      (d)          Financial Statements. 
          The Administrative Agent and the Lenders shall have received, prior to the execution of this Agreement:

      (i)          [Reserved];

      (ii)          [Reserved];

          and

      (iii)          The
          Administrative Agent and the Lenders shall have received any other financial statements of the Parent, the Borrower and the Borrower’s Subsidiaries as they shall have reasonably requested.

      (e)          Consents.  The Borrower
          shall have obtained and delivered to the Administrative Agent certified copies of all consents, approvals, authorizations, registrations, or filings (other than any filing required under the Exchange Act or the rules or regulations promulgated
          thereunder, including any filing required on Form 8-K) required to be made or obtained by the Parent, the Borrower and all guarantors in connection with the Transactions and any other evidence reasonably requested by, and reasonably satisfactory
          to, the Administrative Agent as to compliance with all material legal and regulatory requirements applicable to the Obligors, and such consents, approvals, authorizations, registrations and filings shall be in full force and effect and all
          applicable waiting periods shall have expired and no investigation or inquiry by any Governmental Authority regarding the Transactions or any transaction being financed with the proceeds of the Loans shall be ongoing.

      (f)          No Litigation.  There
          shall not exist any action, suit, investigation, litigation or proceeding or other legal or regulatory developments pending or, to the knowledge of any Tennenbaum Party, threatened in any court or before any arbitrator or Governmental Authority
          (including any SEC investigation) that relates to the Transactions or that could reasonably be expected to have a Material Adverse Effect.

      (g)          Solvency Certificate. 
          On the Restatement Effective Date, the Administrative Agent shall have received a solvency certificate of a Financial Officer of the Borrower dated as of the Restatement Effective Date and addressed to the
            Administrative Agent and the Lenders, and in form, scope and substance reasonably satisfactory to the Administrative Agent, with appropriate attachments and demonstrating that both before and after giving effect to the Transactions, (a) the
            Borrower will be Solvent on an unconsolidated basis and (b) each Obligor will be Solvent on a consolidated basis with the other Obligors.

      (h)          Due Diligence.  All
          customary confirmatory due diligence on the Parent, the Borrower and their respective Subsidiaries shall have been completed by the Administrative Agent and the Lenders and the results of such due diligence shall be satisfactory to the
          Administrative Agent and the Lenders.  No information shall have become available which the Administrative Agent reasonably believes has had, or could reasonably be expected to have, a Material Adverse Effect.

      (i)          Default. No Default
          shall have occurred and be continuing under this Agreement, nor any default or event of default that permits (or which upon notice, lapse of time or both, would permit) the acceleration of any Material Indebtedness, immediately before and after

      
        
          

          

        

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      giving effect to the Transactions, any incurrence of Indebtedness hereunder and the use of the proceeds hereof.

      (j)          USA PATRIOT Act.  The
          Administrative Agent and each Lender shall have received all documentation and other information required by bank regulatory authorities under applicable “know your customer” and anti-money laundering rules and regulations, including the USA
          PATRIOT Act, as requested by the Administrative Agent or any Lender.

      (k)          Investment Policies. 
          The Administrative Agent shall have received (i) the Investment Policies as in effect on the Restatement Effective Date in form and substance reasonably satisfactory to the Administrative Agent or (ii) a certification from a Financial Officer
          that, other than with respect to Permitted Policy Amendments, the Investment Policies have not changed since delivered to the Administrative Agent on the Original Effective Date.

      (l)          [Reserved].

      (m)          [Reserved].

      (n)          [Reserved].

      (o)          [Reserved].

      (p)          Other Documents.  The
          Administrative Agent shall have received such other documents, instruments, certificates, opinions and information as the Administrative Agent may reasonably request or require in form and substance reasonably satisfactory to the Administrative
          Agent.

      (q)          Beneficial Ownership
            Regulation.  The Administrative Agent shall have received, to the extent the Borrower qualifies as a “legal entity customer” under the Beneficial Ownership Regulation, prior to the Restatement Effective Date, a Beneficial Ownership
          Certification.

      (r)          Fees and Expenses.  The
          Borrower shall have paid in full, to the extent not paid pursuant to Section 2.09 hereof, to the Administrative Agent and the Lenders all fees and expenses (including reasonable legal fees to the extent invoiced) related to this Agreement
          owing on or prior to the Restatement Effective Date, including any up-front fee due to any Lender on or prior to the Restatement Effective Date.

      SECTION 4.02.          Conditions to Each Credit Extension. 

          The obligation of each Lender to make any Loan, including any Loans on the Restatement Effective Date, is additionally subject to the satisfaction of the following conditions:

      (a)          the representations and
          warranties made by the Borrower and/or any other Obligor set forth in this Agreement and in the other Loan Documents shall be true and correct in all material respects
          (other than any representation or warranty already qualified by materiality or Material Adverse Effect, which shall be true and correct in all respects) on and as of the date of such Loan, or, as to any such representation or warranty that refers
          to a specific date, as of such specific date;

      
        
          

          

        

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      (b)          at the time of and immediately
          after giving effect to such Loan, subject to the Lender Letter, no Default shall have occurred and be continuing or would result from such Loan after giving effect thereto and to the use of
          proceeds thereof on a pro forma basis;

      (c)          either (i) no Borrowing Base
          Deficiency shall exist or (ii) the Borrower shall have delivered an updated Borrowing Base Certificate demonstrating that no Borrowing Base Deficiency shall exist after giving effect to such extension of credit as well as any concurrent
          acquisitions of Portfolio Investments by the Borrower or payment of outstanding Loans or Other Covered Indebtedness;

      (d)          at the date of the first
          Borrowing, the Administrative Agent shall have received delivery of the most recent quarterly third party valuation report from an Approved Third-Party Appraiser attesting to the value of each Unquoted Investment included in the Borrowing Base; provided
          that no attested value may be older than three months and sixty days at the date of the first Borrowing; provided, further, that the foregoing shall not apply to any Unquoted Investment acquired after the end of the most recent
          calendar quarter (the “Value” of such Unquoted Investment shall be deemed to be equal to the lowest of (x) the Internal Value of such Unquoted Investment as determined by the Borrower pursuant to Section 5.12(b)(ii)(C), (y) the cost of
          such Unquoted Investment, and (z) the par or face value of such Unquoted Investment);

      (e)          after giving effect to such
          Loan, the Borrower shall be in pro forma compliance with each of the covenants set forth in Sections 6.07(a) to (e) and the Parent shall be in pro forma compliance with the covenant set forth in Section 6.07(f); and

      (f)          the proposed date of such Loan
          shall take place during the Availability Period.

      Each Borrowing shall be deemed to constitute a representation and warranty by the Borrower on the date thereof as to the
        matters specified in the preceding sentencethis Section 4.02.

      ARTICLE V          

          

          

          AFFIRMATIVE COVENANTS

      Until the Termination Date, the Borrower covenants and agrees with the Lenders that:

      SECTION 5.01.          Financial
            Statements and Other Information.  The Borrower will furnish to the Administrative Agent for distribution to each Lender (subject to Section 5.12(b)(iv)(D)):, except to the extent that such recipient (or proposed
              recipient) has not executed and delivered a non-reliance letter, confidentiality agreement or similar agreement, in each case, requested or required by any other Person (including any Independent Valuation Provider or Approved Third-Party
              Appraiser) in connection with the furnishing of such deliverable, as applicable:

      
        
          

          

        

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      (a)          within 90 days after the end
          of each fiscal year of the Borrower, the audited consolidated statements of assets and liabilities and the related audited consolidated statements of operations, audited consolidated statements of changes in net assets, audited consolidated
          statements of cash flows and related audited consolidated schedule of investments of the Borrower and its Subsidiaries on a consolidated basis as of the end of and for such year, setting forth in each case in comparative form the figures for the
          previous fiscal year (to the extent full fiscal year information is available), all reported on by Deloitte & Touche LLP or other independent public accountants of recognized national standing to the effect that such consolidated financial
          statements present fairly in all material respects the financial condition and results of operations of the Borrower and its Subsidiaries on a consolidated basis in accordance with GAAP consistently applied (which report shall be unqualified as
          to going concern and scope of audit and shall not contain any explanatory paragraph or paragraph of emphasis with respect to going concern); provided that the requirements set forth in this clause (a) may be fulfilled by providing to the
          Administrative Agent for distribution to each Lender the reports filed by the Borrower with the SEC on Form 10-K for the applicable fiscal year if the Borrower is then reporting with the SEC;

      (b)          within 90 days after the end
          of each fiscal year of the Parent, the audited consolidated statements of assets and liabilities and the related audited consolidated statements of operations, audited consolidated statements of changes in net assets, audited consolidated
          statements of cash flows and related audited consolidated schedule of investments of the Parent and its Subsidiaries on a consolidated basis as of the end of and for such year, setting forth in each case in comparative form the figures for the
          previous fiscal year (to the extent full fiscal year information is available), all reported on by Deloitte & Touche LLP or other independent public accountants of recognized national standing to the effect that such consolidated financial
          statements present fairly in all material respects the financial condition and results of operations of the Parent and its Subsidiaries on a consolidated basis in accordance with GAAP consistently applied (which report shall be unqualified as to
          going concern and scope of audit and shall not contain any explanatory paragraph or paragraph of emphasis with respect to going concern); provided that the requirements set forth in this clause (b) may be fulfilled by providing to the
          Administrative Agent for distribution to each Lender the reports filed by the Parent with the SEC on Form 10-K for the applicable fiscal year;

      (c)          within 45 days after the end
          of each of the first three (3) fiscal quarters of each fiscal year of the Borrower, the consolidated statements of assets and liabilities and the related consolidated statements of operations, consolidated statements of changes in net assets,
          consolidated statements of cash flows and related consolidated schedule of investments of the Borrower and its Subsidiaries on a consolidated basis as of the end of and for such fiscal quarter and the then elapsed portion of the fiscal year,
          setting forth in each case in comparative form the figures for (or, in the case of the statement of assets and liabilities, as of the end of) the corresponding period or periods of the previous fiscal year (to the extent such information is
          available for the previous fiscal year), all certified by a Financial Officer of the Borrower as presenting fairly in all material respects the financial condition and results of operations of the Borrower and its Subsidiaries on a consolidated
          basis in accordance with GAAP consistently applied, subject to normal year-end audit adjustments and the absence of footnotes; provided that the requirements set forth in this clause (c) may be fulfilled by providing to the Administrative
          Agent for distribution to each Lender the reports filed by the Borrower with the SEC on Form 10-Q for the applicable quarterly period if the Borrower is then reporting with the SEC;

      
        
          

          

        

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      (d)          within 45 days after the end
          of each of the first three (3) fiscal quarters of each fiscal year of the Parent, the consolidated statements of assets and liabilities and the related consolidated statements of operations, consolidated statements of changes in net assets,
          consolidated statements of cash flows and related consolidated schedule of investments of the Parent and its Subsidiaries on a consolidated basis as of the end of and for such fiscal quarter and the then elapsed portion of the fiscal year,
          setting forth in each case in comparative form the figures for (or, in the case of the statement of assets and liabilities, as of the end of) the corresponding period or periods of the previous fiscal year (to the extent such information is
          available for the previous fiscal year), all certified by a Financial Officer of the Borrower as presenting fairly in all material respects the financial condition and results of operations of the Parent and its Subsidiaries on a consolidated
          basis in accordance with GAAP consistently applied, subject to normal year-end audit adjustments and the absence of footnotes; provided that the requirements set forth in this clause (d) may be fulfilled by providing to the Administrative
          Agent for distribution to each Lender the reports filed by the Parent with the SEC on Form 10-Q for the applicable quarterly period;

      (e)          concurrently with any delivery
          of financial statements under clause (a), (b), (c) or (d) of this Section (or, solely with respect to clause (vi) of this Section 5.01(e), within ten (10) calendar days thereafter), a certificate of a Financial Officer of the Borrower
          (i)  to the extent the requirements in clause (a), (b), (c) or (d) of this Section are not fulfilled by the Borrower delivering the applicable report or reports delivered to (or filed with) the SEC, certifying that such statements are consistent
          with the financial statements filed by the Borrower (if the Borrower is then filing such financial statements with the SEC) and/or the Parent, as applicable, with the SEC, (ii) certifying as to whether any Tennenbaum Party has knowledge that a
          Default has occurred and, if a Default has occurred, specifying the details thereof and any action taken or proposed to be taken with respect thereto, (iii) setting forth reasonably detailed calculations (which reconcile to the financial
          statements) demonstrating compliance with Sections 6.01(f) and (i), 6.02(e) and (f), 6.03(ed) and (g), 6.04(i), 6.05(b) and, 6.07 and 6.16(ii)(y), (iv) stating whether any change in GAAP as applied by (or in the application of GAAP by) the Borrower or the
          Parent has occurred since the Original Effective Date (but only if the Borrower has not previously reported such change to the Administrative Agent) and, if any such change has occurred (and has not been previously reported to the Administrative
          Agent), specifying the effect of such change on the financial statements accompanying such certificate, (v) attaching a list of the Borrower’s Subsidiaries as of the date of delivery of such certificate or a
            confirmation that there is no change in such information since the date of the last such list and, (vi) providing a reconciliation of any difference between (1) the assets and liabilities of the Borrower and its consolidated Subsidiaries presented in such financial statements and the assets and liabilities of
          the Borrower and its Subsidiaries for purposes of calculating the covenants set forth in Sections 6.07(a) to (e) and (2) the assets and liabilities of the Parent and its consolidated Subsidiaries presented in such financial
          statements and the assets and liabilities of the Parent and its Subsidiaries for purposes of calculating the covenant set forth in Section 6.07(f); and (vii) to the extent a Refinancing Distribution was made during the period covered by such certificate, a statement that, to the best of such Financial Officer’s knowledge, the conditions set forth in the
              definition of “Refinancing Distribution” were satisfied at the time of such Refinancing Distribution;

      (f)          as soon as available and in
          any event not later than the last Business Day of the next succeeding month after the end of each monthly accounting period (ending on the last day

      
        
          

          

        

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      of each calendar month) of the Borrower and its Subsidiaries, (i) a Borrowing Base Certificate as of the last day of such accounting period (which
        Borrowing Base Certificate shall include: (1) an Excel schedule containing information that is, unless the Administrative Agent shall otherwise agree, substantially similar to the information included on the Excel schedule included in the Borrowing
        Base Certificate delivered to the Administrative Agent as of the Original Effective Date pursuant to Section 4.01(l) of the Existing Credit Agreement, (2) a calculation of the External Quoted Value in accordance with methodologies described
        in Sections 5.12(b)(ii)(A)(w), (x), (y) and (z), including screenshots showing actual bid prices or, as applicable, closing prices and (3) the trailing twelve-month total debt to EBITDA ratio of each Portfolio
        Company that is the issuer of an Eligible Portfolio InvestmentsInvestment), (ii) a report certified by a Financial
        Officer of the Borrower identifying the aggregate amount of net cash proceeds received by the Borrower from Equity Interests issued by the Borrower (if any) (or cash contributions to the Borrower (if any)), in the immediately prior monthly
        accounting period and (iii) a schedule showing all Portfolio Investments contributed or transferred to the Financing Subsidiaries, or distributed or dividended by the Financing Subsidiaries to the Borrower, during such monthly period together with
        a certificate (which may be included in the Borrowing Base Certificate) of a Financial Officer providing that at the time of such distribution or transfer of each such Portfolio Investment the conditions referred to in Section 6.03(e)(i)
        had been satisfied;

      (g)          promptly but no later than two
          (2) Business Days after any Tennenbaum Party shall at any time have knowledge (based upon facts and circumstances known to it) that there is a Borrowing Base Deficiency or knowledge that the Borrowing Base has declined by more than 15% from the
          Borrowing Base stated in the Borrowing Base Certificate last delivered by the Borrower to the Administrative Agent, a Borrowing Base Certificate as at the date such Person has knowledge of such Borrowing Base Deficiency or decline indicating the
          amount of the Borrowing Base Deficiency or decline as at the date such Person obtained knowledge of such deficiency or decline and the amount of the Borrowing Base Deficiency or decline as of the date not earlier than two (2) Business Days prior
          to the date the Borrowing Base Certificate is delivered pursuant to this paragraph;

      (h)          promptly upon receipt thereof
          copies of all significant written reports submitted to the management or Board of Directors of the Parent by the Borrower’s independent public accountants in connection with each annual, interim or special audit or review of any type of the
          financial statements or related internal control systems of the Borrower or any of its Subsidiaries delivered by such accountants to the management of the Borrower or to the management or Board of Directors of the Parent;

      (i)          promptly after the same become
          publicly available, copies of all periodic and other reports, proxy statements and other materials sent to equity holders and filed by the Borrower or any of its Subsidiaries with the SEC or with any national securities exchange, as the case may
          be;

      (j)          within 60 days after the end
          of each fiscal quarter of the Borrower, all internal and external valuation reports relating to the Eligible Portfolio Investments (including all valuation reports delivered by the Approved Third-Party Appraiser in connection with the quarterly
          appraisals of Unquoted Investments in accordance with Section 5.12(b)(ii)(B)), and any

      
        
          

          

        

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      other information relating to any Portfolio Investments as reasonably requested by the Administrative Agent or any Lender;

      (k)          within thirty (30) days after
          the initial closing of each Eligible Portfolio Investment that is acquired, made or entered into after the Original Effective Date, all underwriting memoranda (or, if no underwriting memorandum has been prepared, all materials similar to
          underwriting memoranda, if any) for such Eligible Portfolio Investments, and any other information relating to the Eligible Portfolio Investments as reasonably requested by the Administrative Agent or any Lender;

      (l)          to the extent not otherwise
          provided by the Custodian within thirty (30) days after the end of each month, full, correct and complete updated copies of custody reports (including (i) activity reports with respect to Cash and Cash Equivalents included in the calculation of
          the Borrowing Base, (ii) an itemized list of each account and the amounts therein with respect to Cash and Cash Equivalents included in the calculation of the Borrowing Base and (iii) an itemized list of each Portfolio Investment held in any
          Custodian Account owned by the Borrower or any Subsidiary) reflecting all assets being held in any Custodian Account owned by the Borrower or any of its Subsidiaries or otherwise subject to the Custodial and Account Control Agreement;

      (m)          within 45 days after the end
          of each fiscal quarter of the Borrower a certificate of a Financial Officer of the Borrower certifying that attached thereto is a complete and correct description of all Portfolio Investments as of the date thereof, including, with respect to
          each such Portfolio Investment, the name of the Borrower or Subsidiary holding such Portfolio Investment and the name of the Portfolio Company of such Portfolio Investment;

      (n)          to the extent such information
          is not otherwise available in the financial statements delivered pursuant to clause (a), (b), (c) or (d) of this Section, upon the request of the Administrative Agent, within five (5) Business Days of the due date set forth in clause (a), (b),
          (c) or (d) of this Section for any quarterly or annual financial statements, as the case may be, a schedule prepared in accordance with GAAP setting forth in reasonable detail with respect to each Portfolio Investment where there has been a
          realized gain or loss in the most recently completed fiscal quarter, (i) the cost basis of such Portfolio Investment, (ii) the realized gain or loss associated with such Portfolio Investment, (iii) the associated reversal of any previously
          unrealized gains or losses associated with such Portfolio Investment, (iv) the proceeds received with respect to such Portfolio Investment representing repayments of principal during the most recently ended fiscal quarter, and (v) any other
          amounts received with respect to such Portfolio Investment representing exit fees or prepayment penalties during the most recently ended fiscal quarter;

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

      (p)          information and documentation
          required by bank regulatory authorities underthe Administrative Agent or any Lender for purposes of compliance with
          applicable “know your customer”, anti-corruption and anti-money laundering rules and regulations, including the USA PATRIOT Act and the Beneficial Ownership Regulation, if applicable; and

      
        
          

          

        

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      (q)          promptly following any request
          therefor, such other information regarding the operations, business affairs and financial condition of the Borrowerany
              Obligor or any of its Subsidiaries (including any information concerning any Plan or Multiemployer Plan), or compliance with the terms of this Agreement and the other Loan Documents, as the Administrative Agent or any Lender may
          reasonably request.

      SECTION 5.02.          Notices of Material Events.  Upon
          the Borrower becoming aware of any of the following, the Borrower will furnish to the Administrative Agent and each Lender prompt written notice of the following:

      (a)          the occurrence of any Default
          ;

      (b)          the filing or commencement of
          any action, suit or proceeding by or before any arbitrator or Governmental Authority against or affecting the Borrower or any of its Affiliates that, if adversely determined, could reasonably be expected to result in a Material Adverse Effect;

      (c)          (i) the filing by the
          Borrower, any Subsidiary or any ERISA Affiliate of a Schedule B (or such other schedule as contains actuarial information) to IRS Form 5500 in respect of a Plan with Unfunded Pension Liabilities (and the Borrower shall furnish to the
          Administrative Agent a copy of such IRS Form 5500 (including such Schedule B)), (ii) the occurrence of any ERISA Event (and the Borrower shall furnish to the Administrative Agent a certificate of a Financial Officer of the Borrower describing
          such ERISA Event and the action, if any, proposed to be taken with respect to such ERISA Event and a copy of any notice filed with the PBGC or the IRS pertaining to such ERISA Event and any notices received by the Borrower, any Subsidiary or any
          ERISA Affiliate from the PBGC or any other Governmental Authority with respect thereto), (iii) the existence of material Unfunded Pension Liabilities (taking into account only Plans with positive Unfunded Pension Liabilities) or a material
          increase in Unfunded Pension Liabilities (taking into account only Plans with positive Unfunded Pension Liabilities) since the date the representations hereunder are given or deemed given, or from any prior notice, as applicable, and (iv) (x) the
          existence of potential Withdrawal Liability under Section 4201 of ERISA, if the Borrower, any Subsidiary and the ERISA Affiliates were to withdraw completely from any and all Multiemployer Plans, (y) the adoption of, or commencement of
          contributions to, any Plan subject to Section 412 of the Code by the Borrower, any Subsidiary or any ERISA Affiliate, or (z) the adoption of any amendment to a Plan subject to Section 412 of the Code that results in a material increase in
          contribution obligations of the Borrower, any Subsidiary or any ERISA Affiliate (and, in the case of any event or condition described in the foregoing clause (iii) or clause (iv), the Borrower shall furnish to the Administrative Agent a detailed
          written description thereof from a Financial Officer of the Borrower); and

      (d)          any other development that
          results in, or could reasonably be expected to result in, a Material Adverse Effect.

      Each notice delivered under this Section shall be accompanied by a statement of a Financial Officer or other executive officer
        of the Borrower setting forth the details of the event or development requiring such notice and any action taken or proposed to be taken with respect thereto.

      
        
          

          

        

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      SECTION 5.03.          Existence; Conduct of Business. 
          The Borrower will, and will cause the Parent and each of the Borrower’s Subsidiaries to, do or cause to be done all things necessary to preserve, renew and keep in full force and effect its legal existence and the rights, licenses, permits,
          privileges and franchises material to the conduct of its business; provided that the foregoing shall not prohibit any merger, consolidation, liquidation or dissolution permitted under Section 6.03.

      SECTION 5.04.          Payment of Obligations.  The
          Borrower will, and will cause each of its Subsidiaries to, pay its obligations, including tax liabilities and material contractual obligations, that, if not paid, could reasonably be expected to result in a
              Material Adverse Effect  before the same shall become delinquent or in default, except where (a) the validity or amount thereof is being contested in good faith by appropriate proceedings, (b) the Borrower or the applicable
          Subsidiary has set aside on its books adequate reserves with respect thereto in accordance with GAAP and (c) the failure to make payment pending such contest could not reasonably be expected to result in a Material Adverse Effect.

      SECTION 5.05.          Maintenance of
            Properties; Insurance.  The Borrower will, and will cause each of its Subsidiaries to, (a) keep and maintain all property material to the conduct of its business in good working order and condition, ordinary wear and tear excepted,
          (b) maintain, with financially sound and reputable insurance companies, insurance in such amounts and against such risks as are customarily maintained by companies engaged in the same or similar business, operating in the same or similar
          locations (including, without limitation, directors and officers liability insurance) and (c) after the request of the Administrative Agent, promptly deliver to the Administrative Agent any certificate or certificates from the Borrower’s
          insurance broker or other documentary evidence, in each case, demonstrating the effectiveness of, or any changes to, such insurance.  Each such policy of insurance in effect (other than any director and officer liability insurance policy) shall
          name the Collateral Agent, for the benefit of the Administrative Agent and the Lenders, as additional insured and lender’s loss payee thereunder.

      SECTION 5.06.          Books and Records; Inspection and
            Audit Rights.

      (a)          Books and Records;
            Inspection Rights.  The Parent and the Borrower will, and will cause each of their respective Subsidiaries to, keep books of record and account in accordance with GAAP.  The Borrower will, and will cause each of its Subsidiaries to, permit
          any representatives designated by the Administrative Agent or any Lender, upon reasonable prior notice to the Borrower, at the sole expense of the Borrower, to (i) visit and inspect its properties, to examine and make extracts from its books and
          records, and (ii) discuss its affairs, finances and condition with its officers and independent accountants, all at such reasonable times during normal business hours and as often as reasonably requested; provided that the Borrower or
          such Subsidiary shall be entitled to have its representatives and advisors present during any inspection of its books and records; provided further, that the Borrower shall not be required to pay for more than one (1) such visit
          and inspection in any calendar year unless an Event of Default has occurred and is continuing at the time of any subsequent visit and inspection during such calendar year.

      (b)          Audit Rights.  The
          Borrower will, and will cause each of its Subsidiaries to, permit any representatives designated by the Administrative Agent (including any consultants, accountants, lawyers and appraisers retained by the Administrative Agent) to conduct
          evaluations

      
        
          

          

        

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      and appraisals of the Borrower’s computation of the Borrowing Base (and any
            components thereof) and the assets included in the Borrowing Base (and any components thereof, including, for clarity, audits of any Agency Accounts,
        funds transfers and custody procedures), all at such reasonable times during normal business hours and as often as reasonably requested.  The Borrower shall pay the reasonable, documented fees and expenses of representatives retained by the
        Administrative Agent to conduct any such evaluation or appraisal; provided that the Borrower shall not be required to pay such fees and expenses for more than one such evaluation or appraisal during any calendar year unless an Event of
        Default has occurred and is continuing at the time of any subsequent evaluation or appraisal during such calendar year.  The Borrower also agrees to modify or adjust the computation of the Borrowing Base and/or the assets included in the Borrowing
        Base, to the extent required by the Administrative Agent or the Required Lenders as a result of any such evaluation or appraisal finding that such computation or inclusion of assets is not consistent with the terms of this Agreement, provided
        that if the Borrower demonstrates that such evaluation or appraisal is incorrect, the Borrower shall be permitted to re-adjust its computation of the Borrowing Base.

      (c)          Notwithstanding the foregoing,
          nothing contained in this Section 5.06 shall impair or affect the rights of the Administrative Agent under Section 5.12(b)(ii) in any respect.

      SECTION 5.07.          Compliance with Laws and Agreements. 

          The Borrower will, and will cause each of its Subsidiaries to, comply with all laws, rules, regulations, including the Investment Company Act (if applicable to such Person), and orders of any Governmental Authority (including rules, regulations and orders issued by the SEC) applicable to it or its property and all indentures, agreements and other instruments, except where the failure to do so, individually
          or in the aggregate, could not reasonably be expected to result in a Material Adverse Effect.  Policies and procedures will be maintained and enforced by or on behalf of the Borrower and each of its Subsidiaries that are designed in good faith
          and in a commercially reasonable manner to promote and achieve compliance by the Borrower and each of its Subsidiaries and, when acting on behalf of the Borrower or any of its Subsidiaries, their respective directors, officers, employees and
          agents with any applicable Anti-Corruption Laws and applicable Sanctions, in each case, giving due regard to the nature of such Person’s business and activities.  The Borrower will, and will cause each of its Subsidiaries to, act in accordance
          with their respective Organization Documents in all material respects.

      SECTION 5.08.          Certain Obligations Respecting
            Subsidiaries; Further Assurances.

      (a)          Subsidiary Guarantors.

      (i)          In the
          event that (1) the Borrower or any of its Subsidiaries shall form or acquire any new Subsidiary (other than a Financing Subsidiary), or any other Person shall become a “Subsidiary” within the meaning of the definition thereof (other than a
          Financing Subsidiary); (2) any Structured Subsidiary shall no longer constitute a “Structured Subsidiary” pursuant to the definition thereof  (in which case such Person shall be deemed to be a “new” Subsidiary for purposes of this Section
            5.08); or (3) any SBIC Subsidiary shall no longer constitute an “SBIC Subsidiary” pursuant to the definition thereof  (in which case such Person shall be deemed to be a “new” Subsidiary

      
        
          

          

        

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      for purposes of this Section 5.08), the Borrower will, in each case, (ix) promptly provide notice to the Administrative Agent together with an updated Schedule 3.12(a) and (iiy) on or before thirty (30) days (or such longer period as may be agreed to by the Administrative Agent in its sole discretion) following such Person becoming a Subsidiary or
        such Financing Subsidiary no longer qualifying as such, cause such new Subsidiary or former Financing Subsidiary to become a “Subsidiary Guarantor” (and, thereby, an “Obligor”) under the Guarantee and Security Agreement pursuant to a Guarantee
        Assumption Agreement and to deliver such proof of corporate or other action, incumbency of officers, opinions of counsel and other documents as the Administrative Agent shall have reasonably requested.

      (ii)          The
          Borrower acknowledges that the Administrative Agent and the Lenders have agreed to exclude each Structured Subsidiary as an Obligor only for so long as such Person qualifies as a “Structured Subsidiary” pursuant to the definition thereof, and
          thereafter such Person shall no longer constitute a “Structured Subsidiary” for any purpose of this Agreement or any other Loan Document.

      (iii)          The
          Borrower acknowledges that the Administrative Agent and the Lenders have agreed to exclude each SBIC Subsidiary as an Obligor only for so long as such Person qualifies as an “SBIC Subsidiary” pursuant to the definition thereof, and thereafter
          such Person shall no longer constitute an “SBIC Subsidiary” for any purpose of this Agreement or any other Loan Document.

      (b)          Ownership of Subsidiaries. 

          The Borrower will, and will cause each of its Subsidiaries to, take such action from time to time as shall be necessary to ensure that each of its Subsidiaries is a wholly owned Subsidiary.

      (c)          Further Assurances. 
          The Borrower will, and will cause each of the Subsidiary Guarantors to, take such action from time to time as shall reasonably be requested by the Administrative Agent to effectuate the purposes and objectives of this Agreement.  Without limiting
          the generality of the foregoing, the Borrower will, and will cause each of the Subsidiary Guarantors to:

      (i)          take such
          action from time to time (including filing appropriate Uniform Commercial Code financing statements and executing and delivering such assignments, security agreements and other instruments) as shall be reasonably requested by the Administrative
          Agent to create, in favor of the Collateral Agent for the benefit of the Lenders (and any Affiliate thereof that is a party to any Hedging Agreement entered into with the Borrower), perfected first-priority security interests and Liens in the
          Collateral; provided that any such security interest or Lien shall be subject to the relevant requirements of the Security Documents;

      (ii)          with
          respect to each deposit account or securities account of the Obligors (other than (A) any Agency Account, (B) any such accounts which hold solely money or financial assets of a Financing Subsidiary, (C) withholding tax and fiduciary accounts or
          any trust account maintained solely on behalf of a Portfolio Investment, and (D) any account in which the aggregate value of deposits therein, together with all other such

      
        
          

          

        

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      accounts under this clause (D), does not at any time exceed $75,000; provided that in the case of each of the
        foregoing clauses (A) through (D), no other Person (other than the depository institution at which such account is maintained) shall have “control” (within the meaning of the Uniform Commercial Code) over such account), cause each bank or
        securities intermediary (within the meaning of the Uniform Commercial Code) to enter into such arrangements with the Collateral Agent as shall be appropriate in order that the Collateral Agent has “control” (within the meaning of the Uniform
        Commercial Code) over each such deposit account or securities account (each, a “Control Account”) and in that connection, the Borrower agrees, subject to Sections 5.08(c)(iv) and (v) below, to cause all cash and other
        proceeds of Portfolio Investments received by any Obligor to be immediately deposited into a Control Account (or otherwise delivered to, or registered in the name of, the Collateral Agent) and, both prior to and following such deposit, delivery or
        registration such cash and other proceeds shall be held in trust by the Borrower for the benefit and as the property of the Collateral Agent and shall not be commingled with any other funds or property of such Obligor or any other Person (including
        with any money or financial assets of the Borrower in its capacity as “servicer” for a Structured Subsidiary, or any money or financial assets of a Structured Subsidiary, or any money or financial assets of the Borrower in its capacity as an
        “agent” or “administrative agent” for any other Bank Loans subject to Section 5.08(c)(v) below);

      (iii)          cause
          the Financing Subsidiaries to execute and deliver to the Administrative Agent such certificates and agreements, in form and substance reasonably satisfactory to the Administrative Agent, as it shall determine are necessary to confirm that such
          Financing Subsidiary qualifies or continues to qualify as a “Structured Subsidiary” or an “SBIC Subsidiary”, as applicable, pursuant to the definitions thereof;

      (iv)          in the
          case of any Portfolio Investment consisting of a Bank Loan (as defined in Section 5.13) that does not constitute all of the credit extended to the underlying borrower under the relevant underlying loan documents and a Financing Subsidiary
          holds any interest in the loans or other extensions of credit under such loan documents, (x)(1) cause the interest owned by such Financing Subsidiary to be evidenced by a separate note or notes, which note or notes are either (A) in the name of
          such Financing Subsidiary or (B) in the name of the Borrower, endorsed in blank and delivered to the applicable Financing Subsidiary and beneficially owned by the Financing Subsidiary (or, in the case of a Noteless Assigned Loan (as defined in Section

            5.13), cause the interest owned by such Financing Subsidiary to be evidenced by separate assignment documentation contemplated by paragraph 1(b) of Schedule 1.01(d) in the name of such Financing
          Subsidiary) and (2) not permit such Financing Subsidiary to have a participation acquired from an Obligor in such underlying loan
            documents and the extensions of credit thereunder or any other indirect interest therein acquired from an Obligor; and (y) ensure that, subject to Section 5.08(c)(v) below, all amounts owing to any Obligor by the underlying
          borrower or other obligated party are remitted by such borrower or obligated party (or the applicable administrative agents, collateral agents or equivalent Person) directly to the Custodian Account and no other amounts owing by such underlying
          borrower or obligated party are remitted to the Custodian Account;

      
        
          

          

        

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      (v)          in the
          event that any Obligor is acting as an agent or administrative agent under any loan documents with respect to any Bank Loan (or is acting in an analogous agency capacity under any agreement related to any Portfolio Investment) and such Obligor
          does not hold all of the credit extended to the underlying borrower or issuer under the relevant underlying loan documents or other agreements, ensure that (1) all funds held by such Obligor in such capacity as agent or administrative agent are
          segregated from all other funds of such Obligor and clearly identified as being held in an agency capacity (an “Agency Account”); (2) all amounts owing on account of such Bank Loan or Portfolio Investment by the underlying borrower or
          other obligated party are remitted by such borrower or obligated party to either (A) such Agency Account or (B) directly to an account in the name of the underlying lender to whom such amounts are owed (for the avoidance of doubt, no funds
          representing amounts owing to more than one underlying lender may be remitted to any single account other than the Agency Account); and (3) within two (2) Business Days after receipt of such funds, such Obligor
            acting in its capacity as agent or administrative agent shall distribute any such funds belonging to any Obligor to the Custodian Account (provided that if any distribution referred to in this clause (c) is not permitted by applicable
            bankruptcy law to be made within such two (2) Business Day period as a result of the bankruptcy of the underlying borrower, such Obligor shall use commercially reasonable efforts to obtain permission to make such distribution and shall make
            such distribution as soon as legally permitted to do so);

      (vi)          cause
          the documentation relating to each Investment in Indebtedness described in paragraph 1 of Schedule 1.01(d) to be delivered to the Custodian as provided therein; and

      (vii)          in the
          case of any Portfolio Investment held by any Financing Subsidiary, including any cash collection related thereto, ensure that such Portfolio Investment shall not be held in any Custodian Account, or any other account of any Obligor, and shall be
          segregated from the accounts holding Collateral.

      Notwithstanding anything to the contrary contained herein, if any instrument, promissory note, agreement, document or certificate held by the Custodian is destroyed or lost not as a result
        of any action of the Borrower, then:

      

      

      (i)          in the
          case of any Investment in Indebtedness other than a Noteless Assigned Loan, if such destroyed or lost document is an original promissory note registered in the name of an Obligor, such original promissory note shall constitute an “Undelivered
          Note” and the Borrower shall have up to twenty (20) Business Days from the date when any Tennenbaum Party has knowledge of such loss or destruction to deliver to the Custodian a replacement promissory note and comply with the requirements of
          paragraph (1)(c)(x) of Schedule 1.01(d); provided that during such twenty (20) Business Day period the limitations under paragraph (1)(a)(i) and (ii) of Schedule 1.01(d) shall apply; and

      (ii)          in the
          case of any Noteless Assigned Loans, if such destroyed instrument or document is an original transfer document or instrument relating to such Noteless Assigned Loan, the Borrower shall have up to twenty (20) Business Days from the date

      
        
          

          

        

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      when any Tennenbaum Party has knowledge of such loss or destruction to deliver to the Custodian a replacement instrument or
        document and comply with the requirements of paragraph (1)(c)(x) of Schedule 1.01(d).

      SECTION 5.09.          Use of Proceeds.  The Borrower
          will use the proceeds of the Loans only for general corporate purposes of the Borrower and its Subsidiaries (other than the Financing Subsidiaries except as expressly permitted under Section 6.03(e)) in the ordinary course of business,
          including making distributions not prohibited by this Agreement, making payments on Indebtedness of the Obligors to the extent permitted under this Agreement and the acquisition and funding (either directly or indirectly as expressly permitted
          hereunder) of leveraged loans, mezzanine loans, high-yield securities, convertible securities, preferred stock, common stock and other Portfolio Investments, in each case to the extent otherwise permitted hereunder; provided that neither
          the Administrative Agent nor any Lender shall have any responsibility as to the use of any of such proceeds.  No part of the proceeds of any Loan will be used in violation of applicable law, rule or regulation or, directly or indirectly, for the
          purpose, whether immediate, incidental or ultimate, of buying or carrying any Margin Stock.  On the first day (if any) an Obligor acquires any Margin Stock and at any other time requested by the Administrative Agent or any Lender, the Borrower
          shall furnish to the Administrative Agent and each Lender a statement to the foregoing effect in conformity with the requirements of FR Form G-3 or FR Form U-1, as applicable, referred to in Regulation U.  Margin Stock shall be purchased by the
          Obligors only with the proceeds of Indebtedness not directly or indirectly secured by Margin Stock (within the meaning of Regulation U), or with the proceeds of equity capital of the Borrower.  No Obligor will directly or knowingly indirectly use
          the proceeds of the Loans or otherwise make available such proceeds (I) to any Person for the purpose of financing the activities of any Person currently (A) subject to, or the subject of, any Sanctions or (B) organized or resident in a
          Sanctioned Country or (II) 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 any Anti-Corruption Laws.

      SECTION 5.10.          Status of RIC and BDC.  The
          Parent shall at all times maintain its status as a “business development company” under the Investment Company Act.  The Parent shall at all times maintain its status as a RIC under the Code.

      SECTION 5.11.          Investment Policies.  The Borrower
          shall at all times be in compliance in all material respects with its Investment Policies, as amended by Permitted Policy Amendments.

      SECTION 5.12.          Portfolio Valuation and
            Diversification Etc.  

      (a)          Industry Classification
            Groups.  For purposes of this Agreement and the other Loan Documents, the Borrower shall assign each Eligible Portfolio Investment to an Industry Classification Group as reasonably determined by the Borrower.  To the extent that any
          Eligible Portfolio Investment is not adequately correlated with the risks of other Eligible Portfolio Investments in an Industry Classification Group, such Eligible Portfolio Investment may be assigned by the Borrower to the Industry
          Classification Group that is most closely correlated to such Eligible Portfolio Investment.

      
        
          

          

        

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      (b)          Portfolio Valuation Etc.

      (i)          Settlement-Date

            Basis.  For purposes of this Agreement and the other Loan Documents, all determinations of whether a Portfolio Investment is an Eligible Portfolio Investment
          shall be determined on a Settlement-Date Basis, provided that no such investment shall be included as an Eligible Portfolio Investment to the extent it has not been paid for in full.

      (ii)          Determination

            of Values.  The Borrower will conduct reviews of the value to be assigned to each of its Eligible Portfolio Investments as follows:

      (A)          Quoted
            Investments External Review.  With respect to Eligible Portfolio Investments (including Cash Equivalents) for which market quotations are readily available and are reflective of an actual trade executed within a reasonable period of such
          quotation (“Quoted Investments”), the Borrower shall, not less frequently than once each calendar week, determine the market value of such Quoted Investments which shall, in each case, be determined in accordance with one of the following
          methodologies as selected by the Borrower (each such value, an “External Quoted Value”):

      (w)          in the
          case of public and Rule 144A securities, the average of the recent bid prices as determined by two Approved Dealers selected by the Borrower,

      (x)          in the
          case of Bank Loans, (i) by taking the average of the bid prices as determined by two Approved Dealers selected by the Borrower, (ii) by an Approved Pricing Service which makes reference to at least two broker-dealersApproved Dealers or (iii) by an Approved Pricing Service which makes reference to one broker-dealerApproved Dealer; provided, that any Bank Loan valued in accordance with this clause (iii) shall be a “Limited Reference Quoted Investment”; provided,
          further, that the value of any Limited Reference Quoted Investment shall be subject to testing as an IVP Tested Asset as set forth in clause (B)(x) below and, in the event that the high end of the range of the IVP External Unquoted Value
          of any Limited Reference Quoted Investment so tested is lower than the External Quoted Value of such Limited Reference Quoted Investment, the External Quoted Value of such Limited Reference Quoted Investment shall be deemed equal to the midpoint
          of the range of such IVP External Unquoted Value until the following Valuation Testing Date (as defined below) unless the Administrative Agent shall have provided written notice to the Borrower prior to such following Valuation Testing Date that
          such Limited Reference Quoted Asset shall be an IVP Tested Asset as of such following Valuation Testing Date,

      (y)          in the
          case of any Quoted Investment traded on an exchange, the closing price for such Eligible PortfolioQuoted
          Investment most recently posted on such exchange, and

      
        
          

          

        

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      (z)          in the
          case of any other Quoted Investment, the fair market value thereof as determined by an Approved Pricing Service; and.

      (B)          Unquoted
            Investments External Review.  With respect to Eligible Portfolio Investments for which market quotations are not readily available (“Unquoted Investments”), and Limited Reference Quoted InvestmentInvestments:

      (x)          For each
          fiscal quarter (or such other dates as are reasonably agreed to by the Borrower and the Administrative Agent (provided that such testing dates shall occur not less than quarterly), each a “Valuation Testing Date”), the Administrative Agent
          through an Independent Valuation Provider will, solely for purposes of determining the Borrowing Base, test the values as of such Valuation Testing Date of those Unquoted Investments and Limited Reference Quoted Assets that are Portfolio
          Investments included in the Borrowing Base selected by the Administrative Agent (such selected assets, the “IVP Tested Assets” and such value, the “IVP External Unquoted Value”); provided that the fair value of such
          Portfolio Investments tested by the Independent Valuation Provider as of any Valuation Testing Date shall be approximately 25% (but in no event shall exceed 30%) of the aggregate value of the Unquoted Investments and Limited Reference Quoted
          Investments in the Borrowing Base (the determination of fair value for such 25% threshold shall be based off of the last determination of value of the Portfolio Investments pursuant to this Section 5.12 and, for the avoidance of doubt, in
          the case of any Unquoted Investments acquired during the calendar quarter, the value shall be as determined pursuant to clause (E)(z)(2) below); provided further, that the Administrative Agent shall provide written notice to the
          Borrower, setting forth a description of which Unquoted Investments and/or and Limited Reference Quoted Assets shall be IVP Tested Assets as of such Valuation Testing Date, not later than 45
          days prior to the Valuation Testing Date (or such later date as is reasonably agreed by the Borrower and the Administrative Agent).  Each such valuation report shall also include the information required to comply with clause (ii) of paragraph 7
          and paragraph 23 of Schedule 1.01(d) for an IVP Tested Asset (to the extent such provisions are applicable).

      (y)          With
          respect to all Unquoted Investments that are not IVP Tested Assets as of such Valuation Testing Date (the “Borrower Tested Assets”), the Borrower shall request an Approved Third-Party Appraiser to assist the Board of Directors of the
          Parent in determining the fair market value of the remaining Unquoted Investments, as of each Valuation Testing Date (such value, the “Borrower External Unquoted Value”), and to provide the Board of Directors with a written independent
          valuation report as part of that assistance each quarter; provided, however, that notwithstanding the foregoing, the Board of Directors of the Parent may, without the assistance of an Approved Third-Party Appraiser, determine the
          fair value of any Unquoted Investment so long as (i) the aggregate fair value of Portfolio

      
        
          

          

        

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      Investments issued by the applicable issuer does not exceed $10,000,000 and (ii) the aggregate Value of all such Unquoted
        Investments so determined does not at any time exceed 5% of the aggregate value of all Eligible Portfolio Investments (the “No External Review Assets”). The fair market value of any Unquoted Investment (other than any No External Review
        Assets and as provided pursuant to clause (E)(z)(2) below) that has been determined without the assistance of an Approved Third-Party Appraiser as at the last day of any fiscal quarter shall be deemed to be zero as at the last day of such fiscal
        quarter (but effective upon the date upon which the Borrowing Base Certificate for such last day is required to be delivered) if an Approved Third-Party Appraiser has not assisted the Board of Directors of the Parent in determining the fair market
        value of such Portfolio Investment, as at such date.  Each such valuation report shall also include the information required to comply with clause (ii) of paragraph 7 and paragraph 23 of Schedule 1.01(d).

      (C)          Internal
            Review.  The Borrower shall conduct internal reviews to determine the value of all Eligible Portfolio Investments at least once each calendar week which shall take into account any events of which any Tennenbaum Party has actual knowledge
          that materially adversely affect the value of any Eligible Portfolio Investment (each such value, an “Internal Value”).

      (D)          Value of
            Quoted Investments. Subject to Section 5.12(b)(ii)(G), the “Value” of each Quoted Investment for all purposes of this Agreement shall be the lowest of (1) the Internal Value of such Quoted Investment as most recently determined by
          the Borrower pursuant to Section 5.12(b)(ii)(C), (2) the External Quoted Value of such Quoted Investment as most recently determined pursuant to Section 5.12(b)(ii)(A) and (3) if such Quoted Investment is a debt investment, the
          par or face value of such Quoted Investment.

      (E)          Value of
            Unquoted Investments. Subject to Sections 5.12(b)(ii)(G) and 5.12(b)(iii),

      (x)          if the
          Internal Value of any Unquoted Investment as most recently determined by the Borrower pursuant to Section 5.12(b)(ii)(C) falls below the range of the IVP External Unquoted Value or the Borrower External Unquoted Value of such Unquoted
          Investment as most recently determined pursuant to Section 5.12(b)(ii)(B), then the “Value” of such Unquoted Investment for all purposes of this Agreement shall be deemed to be the lower of (i) the Internal Value and (ii) if such Unquoted
          Investment is a debt investment, the par or face value of such Unquoted Investment;

      (y)          (i) if the
          Internal Value of any Unquoted Investment as most recently determined by the Borrower pursuant to Section 5.12(b)(ii)(C) falls above the range of the Borrower External Unquoted Value of such Unquoted Investment as most recently determined
          pursuant to Section 5.12(b)(ii)(B), then the “Value” of such Unquoted Investment for all purposes of this Agreement shall be deemed to

      
        
          

          

        

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      be the lower of (i) the midpoint of the range of the Borrower External Unquoted Value and (ii) if such Unquoted Investment is a
        debt investment, the par or face value of such Unquoted Investment;

      (ii) if the Internal Value of any Unquoted Investment as most recently determined by the Borrower pursuant
        to Section 5.12(b)(ii)(C) falls more than 5% above the midpoint of the range of the IVP External Unquoted Value of such Unquoted Investment as most recently determined pursuant to Section 5.12(b)(ii)(B), then the “Value” of such
        Unquoted Investment for all purposes of this Agreement shall be deemed to be the lower of (i) the midpoint of the range of the IVP External Unquoted Value and (ii) if such Unquoted Investment is a debt investment, the par or face value of such
        Unquoted Investment; and

      (z)          if the
          Internal Value of any Unquoted Investment as most recently determined by the Borrower pursuant to Section 5.12(b)(ii)(C) is within the range of the Borrower External Unquoted Value, or within the range of or not more than 5% above the
          midpoint of the range of the IVP External Unquoted Value, of such Unquoted Investment as most recently determined pursuant to Section 5.12(b)(ii)(B), then the “Value” of such Unquoted Investment for all purposes of this Agreement shall be
          deemed to be the lower of (i) the Internal Value and (ii) if such Unquoted Investment is a debt investment, the par or face value of such Unquoted Investment;

      except that:

      (1)          if the
          difference between the highest and lowest Borrower External Unquoted Value in such range exceeds an amount equal to 6% (or, with respect to determining the value of an Unquoted Investment that is Performing Common Equity, 15%) of the midpoint of
          such range, the “Value” of such Unquoted Investment for all purposes of this Agreement shall instead be deemed to be the lowest of (i) the lowest Borrower External Unquoted Value in such range, (ii) the Internal Value determined pursuant to Section 5.12(b)(ii)(C),
          and (iii) if such Unquoted Investment is a debt investment, the par or face value of such Unquoted Investment;

      (2)          if an
          Unquoted Investment is acquired during a fiscal quarter, the “Value” of such Unquoted Investment for all purposes of this Agreement shall be deemed to be equal to the lowest of (x) the Internal Value of such Unquoted Investment as determined by
          the Borrower pursuant to Section 5.12(b)(ii)(C), (y) the cost of such Unquoted Investment until such time as the External Unquoted Value of such Unquoted Investment is determined in accordance with Section 5.12(b)(ii)(B) as at the
          Valuation Testing Date, and (z) if such Unquoted Investment is a debt investment, the par or face value of such Unquoted Investment; and

      (3)          the
          “Value” of No External Review Assets for the sole purpose of this provision shall be the lowerlowest of (x) the
          fair value as

      
        
          

          

        

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      determined by the Board of Directors of the Parent, (y) the Internal Value and (z) if such Unquoted Investment is a debt
        investment, the par or face value of such Unquoted Investment.  However, the value of any No External Review Asset that has not been valued by an Independent Valuation Provider or an Approved Third-Party Appraiser for more than three (3) fiscal
        quarters shall be zero until such asset is valued by an Independent Valuation Provider or an Approved Third-Party Appraiser.

      (F)          Actions
            Upon a Borrowing Base Deficiency. If, based upon such weekly internal review, the Borrower determines that a Borrowing Base Deficiency exists or that the Borrowing Base has declined by more than 15% from the Borrowing Base stated in the
          Borrowing Base Certificate last delivered by the Borrower to the Administrative Agent, then the Borrower shall, promptly and in any event within two (2) Business Days as provided in Section 5.01(g), deliver a Borrowing Base Certificate
          reflecting the new amount of the Borrowing Base and shall take the actions, and make the payments and prepayments (if any), all as more specifically set forth in Section 2.08(c).

      (G)          Failure
            to Determine Values.  If the Borrower shall fail to determine the value of any Eligible Portfolio Investment as at any date pursuant to the requirements (but subject to the exclusions) of the foregoing subclauses (A), (B), (C), (D) or (E)
          (or if the Administrative Agent shall fail to determine the value of any Eligible Portfolio Investment as described in the foregoing subclause (B)(x) as a result of any action, inaction or lack of cooperation of the Borrower or any of its
          Affiliates), then the “Value” of such Eligible Portfolio Investment as at such date shall be deemed to be zero.  Except as provided in the immediately preceding sentence, if the Administrative Agent shall fail to determine the value of any
          Eligible Portfolio Investment as at any date pursuant to clause (B)(x), then the “Value” of such Eligible Portfolio Investment as at such date (subject to Section 5.12(b)(iii) below) shall be the lower of (x) the Internal Value and (y) if
          such Unquoted Investment is a debt investment, the par or face value of such Unquoted Investment.

      (iii)          Supplemental

            Testing of Values; Valuation Dispute Resolutions.  Notwithstanding the foregoing, the Administrative Agent, individually or at the request of the Required Lenders, shall at any time have the right to request any Portfolio Investment (other
          than IVP Tested Assets as of the most recent Valuation Testing Date) included in the Borrowing Base with a value determined pursuant to Section 5.12(b)(ii)(E) to be independently valued by an Independent Valuation Provider.  There shall
          be no limit on the number of such appraisals requested by the Administrative Agent and the costs of any such valuation shall be at the expense of the Borrower. If (x) the value of any Borrower Tested Asset determined pursuant to Section 5.12(b)(ii)
          is less than the value determined by the Independent Valuation Provider pursuant to this clause, then the value determined pursuant to Section 5.12(b)(ii) shall continue to be used as the “Value” for purposes of this Agreement and (y) if
          the value of any Borrower Tested Asset determined pursuant to Section 5.12(b)(ii) is greater than the value determined by the Independent Valuation Provider and the difference between such values is (1) less than

      
        
          

          

        

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      or equal to 5% of the value determined pursuant to Section 5.12(b)(ii), then the value determined pursuant to Section 5.12(b)(ii)
        shall become the “Value” of such Portfolio Investment, (2) greater than 5% and less than or equal to 20% of the value determined pursuant to Section 5.12(b)(ii), then the “Value” of such Portfolio Investment shall become the average of the
        value determined pursuant to Section 5.12(b)(ii) and the value determined by the Independent Valuation Provider, and (3) greater than 20% of the value determined pursuant to Section 5.12(b)(ii), then either (i) the “Value” of such
        Portfolio Investment shall be the lesser of the value determined pursuant to Section 5.12(b)(ii) and the value determined by the Independent Valuation Provider or (ii) if the Borrower so elects, the Borrower and the Administrative Agent
        shall retain (at the Borrower’s sole cost and expense) an additional Approved Third-Party Appraiser and, upon completion of such appraisal, the “Value” of such Portfolio Investment shall be the average of the three valuations (with the average of
        the value determined pursuant to Section 5.12(b)(ii) and the value determined by the Independent Valuation Provider to be used until the third value is obtained).  For purposes of this Section 5.12(b)(iii), the “Value” of any
        Portfolio Investment for which the Independent Valuation Provider’s value is used shall be the midpoint of the range (if any) determined by the Independent Valuation Provider.

      (iv)          Generally

            Applicable Valuation Provisions.

      (A)          The
          Independent Valuation Provider shall apply a recognized valuation methodology that is commonly accepted in the Borrower’s industry for valuing Portfolio Investments of the type being valued and held by the Obligors.  Other procedures relating to
          the valuation will be reasonably agreed upon by the Administrative Agent and the Borrower.

      (B)          All
          valuations shall be on a Settlement-Date basis.  For the avoidance of doubt, the value of any Portfolio Investments determined in accordance with any provision of this Section 5.12 shall be the Value of such Portfolio Investment for
          purposes of this Agreement until a new Value for such Portfolio Investment is subsequently determined in good faith in accordance with this Section 5.12.

      (C)          The
          documented out-of-pocket costs of any valuation reasonably incurred by the Administrative Agent under this Section 5.12 shall be at the expense of the Borrower.

      (D)          The
          Administrative Agent shall provide a copy of the final results of any valuation received by the Administrative Agent and performed by the Independent Valuation Provider or the Approved Third-Party Appraiser to any Lender upon such Lender’s
          request, except to the extent that such recipient (or proposed recipient) has not executed and delivered a non-reliance letter, confidentiality agreement or similar
          agreement, in each case, requested or required by such Independent Valuation Provider or Approved Third-Party Appraiser, as applicable.

      

      

      
        
          

          

        

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            	(E)	
              The foregoing valuation procedures shall only be required to be used for purposes of calculating the Borrowing Base and shall not be required to be utilized by the Borrower for any
                other purpose, including the delivery of financial statements or valuations required under Accounting Standard Codification 820 or the Investment Company Act.

            

      

      

      (c)          Certain Investment Company
            Related Requirements.  The Borrower will (together with its Subsidiaries to the extent required by the Investment Company Act) at all times comply with the portfolio diversification and similar requirements
            set forth in the Investment Company Act and the Code applicable to business development companies (regardless of whether the Borrower is then a business development company) that are taxed as RICs.

      SECTION 5.13.          Calculation of
            Borrowing Base.  For purposes of this Agreement, the “Borrowing Base” shall be determined, as at any date of determination, as the sum of the products obtained by multiplying (x) the Value of each Eligible Portfolio Investment by (y)
          the applicable Advance Rate; provided that:

      (a)          the Advance
          Rate applicable to the aggregate Value of all Eligible Portfolio Investments in their entirety shall be 0% at any time when the Borrowing Base is composed entirely of Eligible Portfolio Investments issued by fewer than 20 different issuers;

      (b)          with
          respect to all Eligible Portfolio Investments issued by a single issuer, the Advance Rate applicable to that portion of such Eligible Portfolio Investments that exceeds 5.0% of the Obligors’ Net Worth shall be 0%; provided that, with
          respect to each of the three (3) largest Portfolio Companies that constitute Eligible Portfolio Investments (based on the fair value of the Eligible Portfolio Investments), only that portion of such Eligible Portfolio Investments issued by such
          Portfolio Companies that exceeds 7.5% of the Obligors’ Net Worth shall have an Advance Rate of 0%;

      (c)          the portion
          of the Borrowing Base attributable to Eligible Portfolio Investments in any Industry Classification Group shall not exceed (i) in the case of an Industry Classification Group that is one of the Two Largest Industry Classification Groups, 20% of
          the Borrowing Base and (ii) in the case of any other Industry Classification Group, 15% of the Borrowing Base, and the Borrowing Base shall be reduced by removing Eligible Portfolio Investments therefrom (but not from the Collateral) to the
          extent such portion would otherwise exceed 20% of the Borrowing Base or 15% of the Borrowing Base, as applicable;

      (d)          if at any
          time the weighted average maturity of all Debt Eligible Portfolio Investments (based on the fair value of such Eligible Portfolio Investments to the extent included in the Borrowing Base) exceeds 5.0 years, the Borrowing Base shall be reduced by
          removing Debt Eligible Portfolio Investments therefrom (but not from the Collateral) to the extent necessary to cause the weighted average maturity of all Debt Eligible Portfolio Investments included in the Borrowing Base to be no greater than
          5.0 years (subject to all other constraints, limitations and restrictions set forth herein);

      
        
          

          

        

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      (e)          the portion
          of the Borrowing Base attributable to Debt Eligible Portfolio Investments with a maturity greater than seven (7) years shall not exceed 15% of the Borrowing Base, and the Borrowing Base shall be reduced by removing Eligible Portfolio Investments
          therefrom (but not from the Collateral) to the extent such portion would otherwise exceed 15% of the Borrowing Base;

      (f)          if at any
          time the Weighted Average Leverage Ratio is greater than 4.75, the Borrowing Base shall be reduced by removing Debt Eligible Portfolio Investments therefrom (but not from the Collateral) to the extent necessary to cause the Weighted Average
          Leverage Ratio to be no greater than 4.75 (subject to all other constraints, limitations and restrictions set forth herein); provided that any LTV Transactions shall be excluded from such calculation;

      (g)          the portion
          of the Borrowing Base attributable to Eligible Portfolio Investments issued by one or more Portfolio Companies with a trailing twelve-month total debt to EBITDA ratio of greater than 6.00 to 1.00 shall not exceed 15% of the Borrowing Base, and
          the Borrowing Base shall be reduced by removing Eligible Portfolio Investments therefrom (but not from the Collateral) to the extent such portion would otherwise exceed 15% of the Borrowing Base; provided that any LTV Transactions shall
          be excluded from such calculation;

      (h)          the portion
          of the Borrowing Base attributable to Eligible Portfolio Investments that are Non-Core Investments shall not exceed 15% of the Borrowing Base, and the Borrowing Base shall be reduced by removing Eligible Portfolio Investments therefrom (but not
          from the Collateral) to the extent such portion would otherwise exceed 15% of the Borrowing Base;

      (i)          the portion
          of the Borrowing Base attributable to Eligible Portfolio Investments that are not Cash in Dollars, Cash Equivalents, Long-Term U.S. Government Securities or Performing First Lien Bank Loans shall not exceed 60% of the Borrowing Base, and the
          Borrowing Base shall be reduced by removing Eligible Portfolio Investments therefrom (but not from the Collateral) to the extent such portion would otherwise exceed 60% of the Borrowing Base;

      (j)          the portion
          of the Borrowing Base attributable to Eligible Portfolio Investments that are not Cash in Dollars, Cash Equivalents, Long-Term U.S. Government Securities, Performing First Lien Bank Loans, Performing Last Out Loans, or Performing Second Lien Bank
          Loans shall not exceed 25% of the Borrowing Base, and the Borrowing Base shall be reduced by removing Eligible Portfolio Investments therefrom (but not from the Collateral) to the extent such portion would otherwise exceed 25% of the Borrowing
          Base;

      (k)          if at any
          time the Weighted Average Fixed Coupon (after giving effect to any Hedging Agreement) is less than the greater of (i) 8% and (ii) the one-month LIBO RateBenchmark in effect as of the date of determination for deposits in the applicable Currency for a period of one (1) month plus 4.5%, the Borrowing Base shall be reduced by removing Debt Eligible
          Portfolio Investments therefrom (but not from the Collateral) to

      
        
          

          

        

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      the extent necessary to cause the Weighted Average Fixed Coupon to be at least equal to the greater of (x) 8% and (y) the one-month LIBO RateBenchmark in effect as of the date of determination for deposits in the applicable Currency for a period of one
            (1) month plus 4.5% (subject to all other constraints, limitations and restrictions set forth herein);

      (l)          if at any
          time the Weighted Average Floating Spread (after giving effect to any Hedging Agreement) is less than 4.5%, the Borrowing Base shall be reduced by removing Debt Eligible Portfolio Investments therefrom (but not from the Collateral) to the extent
          necessary to cause the Weighted Average Floating Spread to be at least 4.5% (subject to all other constraints, limitations and restrictions set forth herein);

      (m)          the portion
          of the Borrowing Base attributable to Eligible Portfolio Investments that are LTV Transactions shall not exceed 20% of the Borrowing Base, and the Borrowing Base shall be reduced by removing Eligible Portfolio Investments therefrom (but not from
          the Collateral) to the extent such portion would otherwise exceed 20% of the Borrowing Base;

      (n)          the portion
          of the Borrowing Base attributable to Eligible Portfolio Investments that are Foreign Eligible Portfolio Investments shall not exceed 15% of the Borrowing Base, and the Borrowing Base shall be reduced by removing Eligible Portfolio Investments
          therefrom (but not from the Collateral) to the extent such portion would otherwise exceed 15% of the Borrowing Base.

      (o)          the Advance
          Rate applicable to that portion of the Borrowing Base that is either (I) Agreed Foreign Currency Cash or (II) Cash Equivalents, in either case that is (i) issued by a jurisdiction other than the United States or a Permitted Foreign Jurisdiction,
          (ii) not otherwise hedged to the satisfaction of the Administrative Agent in its sole discretion and (iii) in excess of the then current amount of Loans outstanding in the respective Currency of such Agreed Foreign Currency Cash or Cash
          Equivalents, shall be 90% of the otherwise applicable Advance Rate;

      (p)          the portion
          of the Borrowing Base attributable to Eligible Portfolio Investments issued by Third Party Finance Companies shall not exceed 5% of the Borrowing Base, and the Borrowing Base shall be reduced by removing Eligible Portfolio Investments therefrom
          (but not from the Collateral) to the extent such portion would otherwise exceed 5% of the Borrowing Base;

      (q)          the portion
          of the Eligible Portfolio Investments that are No External Review Assets shall not exceed 5% of all Eligible Portfolio Investments, and the Eligible Portfolio Investments contributing to the Borrowing Base shall be reduced by removing Eligible
          Portfolio Investments therefrom (but not from the Collateral) to the extent such portion would otherwise exceed 5% of all Eligible Portfolio Investments; and

      (r)          the portion
          of the Eligible Portfolio Investments that are Limited Reference Quoted Investments shall not exceed 10% of all Eligible Portfolio Investments, and the Eligible Portfolio Investments contributing to the Borrowing Base shall be reduced by

      
        
          

          

        

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      removing Eligible Portfolio Investments therefrom (but not from the Collateral) to the extent such portion would otherwise
        exceed 10% of all Eligible Portfolio Investments

      For the avoidance of doubt, no Portfolio Investment shall be an Eligible Portfolio Investment unless, among the other
        requirements set forth in this Agreement, (i) such Investment is subject only to Eligible Liens and (ii) such Investment is Transferable.  In addition, as used herein, the following terms have the following meanings:

      “ABL Transactions” has the meaning assigned to such term in the definition of LTV Transaction.

      

      

      “Advance Rate” means, as to any Eligible Portfolio Investment and subject to adjustment as provided above, the following percentages with respect to
        such Eligible Portfolio Investment:

      

      

      	
              Eligible Portfolio Investment

            	
              Unquoted*

            	
              Quoted

            
	
              USD Cash, Agreed Foreign Currency Cash and Cash Equivalents (including Short-Term U.S. Government Securities)

            	
              n/a

            	
              100%

            
	
              Long-Term U.S. Government Securities

            	
              n/a

            	
              95%

            
	
              Other Cash

            	
              n/a

            	
              90%

            
	
              Performing Cash Pay First Lien Bank Loans

            	
              70%

            	
              80%

            
	
              Performing Cash Pay Last Out Loans

            	
              65%

            	
              75%

            
	
              Performing Cash Pay Second Lien Bank Loans

            	
              60%

            	
              70%

            
	
              Performing Cash Pay High Yield Securities and Performing Cash Pay Covenant Lite Loans

            	
              50%

            	
              60%

            
	
              Performing Cash Pay Mezzanine Investments

            	
              45%

            	
              55%

            
	
              Performing DIP Loans

            	
              35%

            	
              45%

            
	
              Performing Non-Cash Pay Bank Loans

            	
              35%

            	
              45%

            
	
              Performing Non-Cash Pay High Yield Securities and Performing Non-Cash Pay Covenant-Lite Loans

            	
              30%

            	
              40%

            
	
              Performing Non-Cash Pay Mezzanine Investments

            	
              30%

            	
              40%

            
	
              Performing Common Equity

            	
              25%

            	
              30%

            

      

      

      * The Advance Rate applicable to any Bank Loan that is a Limited Reference Quoted Investment shall be the Advance Rate applicable to Unquoted Bank
        Loans of the applicable category notwithstanding the definition of Quoted Investments.

      

      

      The above categories are intended to be indicative of the traditional investment types in a fully capitalized issuer.  All determinations of whether a particular
        Portfolio Investment belongs to one category or another shall be made by the Borrower on a consistent basis with the foregoing.   For example, a secured bank loan at a holding company whose only assets are the shares of a fully capitalized
        operating company may constitute Mezzanine Investments but would not ordinarily constitute a Bank Loan.

      

      

      
        
          

          

        

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      “Agreed Foreign Currency Cash” means any immediately available funds in any Agreed Foreign Currency (measured in terms of the Dollar Equivalent
        thereof) as long as it is a freely convertible currency.

      

      

      “Bank Loans” means debt obligations (including term loans, revolving loans, debtor-in-possession financings, the funded portion of revolving credit
        lines and letter of credit facilities and other similar loans and investments including interim loans, bridge loans and senior subordinated loans) that are generally provided under a syndicated loan or credit facility or pursuant to any loan
        agreement or other similar credit facility, whether or not syndicated.

      

      

      “Cash” means, collectively, USD Cash, Agreed Foreign Currency Cash and Other Cash.

      

      

      “Cash Equivalents” has the meaning assigned to such term in Section 1.01 of this Agreement.

      

      

      “Cash Pay” means, with respect to any Portfolio Investment, that at the time of determination, (x) not less than 2/3rds (or, in the case of First
        Lien Bank Loans, Last Out Loans or Second Lien Bank Loans, not less than 3/4ths) of the interest payable in respect of such Portfolio Investment (including accretions and “pay-in-kind” interest) for the current monthly, quarterly or semi-annual (as
        applicable) interest period is payable in cash or (y) (i) if such Portfolio Investment is a floating rate obligation, cash interest in an amount greater than or equal to 4.5% above 3-month LIBORthe Benchmark in effect as of the date of determination for deposits in the applicable Currency for a period of three (3) months is payable at least semi-annually or (ii) if
        such Portfolio Investment is a fixed rate obligation, cash interest in an amount greater than or equal to 8% per annum is payable at least semi-annually.

      

      

      “Covenant-Lite Loan” means a Bank Loan that does not require the Portfolio Company thereunder to comply with at least one financial maintenance
        covenant (including without limitation any covenant relating to a borrowing base, asset valuation or similar asset-based requirement), in each case, regardless of whether compliance with one or more incurrence covenants is otherwise required by
        such Bank Loan.

      

      

      “Debt Eligible Portfolio Investment” means an Eligible Portfolio Investment that is an Investment in Indebtedness.

      

      

      “Defaulted Obligation” means (a) any Investment in Indebtedness (i) as to which, (x) a default as to the payment of principal and/or interest has
        occurred and is continuing for a period of thirty-two (32) consecutive days with respect to such Indebtedness (without regard to any grace period applicable thereto, or waiver thereof) or (y) a default not set forth in clause (x) has occurred and
        the holders of such Indebtedness have accelerated all or a portion of the principal amount thereof as a result of such default; (ii) as to which a default as to the payment of principal and/or interest has occurred and is continuing for a period of
        thirty twothirty-two (32) consecutive days on another material debt obligation of the Portfolio Company under such
        Indebtedness which is senior or pari passu in right of payment to such Indebtedness (without regard to any grace period applicable thereto, or waiver thereof); (iii) as to which the Portfolio Company under
        such

      
        
          

          

        

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      Indebtedness or others have (x) engaged in an out-of-court restructuring process (including through any provision of the Uniform Commercial Code or other law) in the
        past ninety (90) days or (y) instituted proceedings to have such Portfolio Company adjudicated bankrupt or insolvent or placed into receivership and such proceedings have not been stayed or dismissed or such Portfolio Company has filed for
        protection under the Bankruptcy Code or under any foreign bankruptcy or insolvency proceeding, or has had a receiver, conservator, trustee, administrator, assignee for the benefit of creditors or similar Person charged with reorganization or
        liquidation of isits business or custodian, appointed for it (unless, in the case of clause (ii) or (iii), such debtIndebtedness is a DIP Loan, in which case it shall not be deemed to be a Defaulted Obligation under such clause);
        (iv) as to which a default rate of interest has been and continues to be charged for more than 120 consecutive days, or foreclosure on collateral for such debtIndebtedness has been commenced and is being pursued by or on behalf of the holders thereof; or (v) as to which the Borrowerany lender or agent thereunder has delivered written notice to the Portfolio Company declaring such Indebtedness in default or as to which the
            Borrowerany lender or agent thereunder otherwise exercises significant remedies following a default; and (b) stock in respect of which (x) the issuer
        (x) has failed to meet any scheduled redemption obligations or pay its latest declared cash dividend with respect to such stock or any other class of stock after the expiration of any
        applicable grace period or pay any other amount owing in cash in respect of such stock or (y) any outstanding indebtedness of the issuer of such stock would satisfy clause (a) above if such indebtedness was an Investment in Indebtedness (or if any
        agent or lender with respect to any indebtedness of the issuer of such stock has delivered written notice declaring such indebtedness in default or as to which any such agent or lender has exercised significant remedies following a default).

      

      

      “DIP Loan” means any loana
            Bank Loan (whether revolving or term) originated after the commencement of a case under Chapter 11 of the Bankruptcy Code by thea Portfolio Company, which is a debtor-in-possession as described in Section 1107 of the Bankruptcy Code or a debtor as defined in Section 101(13) of the Bankruptcy Code in such case (a “Debtor”)
        organized under the laws of the United States or any state therein and domiciled in the United States, which loan satisfies the following criteria:  (a) the DIP Loan is duly authorized by a
        final order of the applicable bankruptcy court or federal district court under the provisions of subsection (b), (c) or (d) of 11 U.S.C. Section 364; (b) the Debtor’s bankruptcy case is still pending as a case under the provisions of Chapter 11 of
        the Bankruptcy Code and has not been dismissed or converted to a case under the provisions of Chapter 7 of the Bankruptcy Code; (c) the Debtor’s obligations under such loan have not been (i) disallowed, in whole or in part, or (ii) subordinated, in
        whole or in part, to the claims or interests of any other Person under the provisions of 11 U.S.C. Section 510; (d) the DIP Loan is secured and the Liens granted by the applicable bankruptcy court or federal district court in relation to the Loan
        have not been subordinated or junior to, or are pari passu with, in whole or in part, the Liens of any other lender under the provisions of 11 U.S.C. Section 364(d) or
        otherwise; (e) the Debtor is not in default on its obligations under the loan; (f) neither the Debtor nor any party in interest has filed a Chapter 11 plan with the applicable federal bankruptcy or district court that, upon confirmation, would (i)
        disallow or subordinate the loan, in whole or in part, (ii) subordinate, in whole or in part, any Lien granted in connection with such loan, (iii) fail to provide for the repayment, in full and in cash, of the loan upon the effective date of such
        plan or (iv) otherwise impair, in any manner, the claim evidenced by the loan; (g) the DIP Loan is documented in a form that is commercially reasonable; (h) the DIP Loan shall not provide for more than 50% (or a higher percentage with the consent
        of the Required Lenders) of the

      
        
          

          

        

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      proceeds of such loan to be used to repay prepetition obligations owing to all or some of the same lender(s) in a “roll-up” or similar transaction; (i) no portion of
        the DIP Loan is payable in consideration other than cash; and (j) no portion of the DIP Loan has been credit bid under Section 363(k) of the Bankruptcy Code or otherwise.  For the purposes of this definition, an order is a “final order” if the
        applicable period for filing a motion to reconsider or notice of appeal in respect of a permanent order authorizing the Debtor to obtain credit has lapsed and no such motion or notice has been filed with the applicable bankruptcy court or federal
        district court or the clerk thereof.

      

      

      “EBITDA” means the consolidated net income of the applicable Person (excluding extraordinary gains and extraordinary losses (to the extent excluded
        in the definition of “EBITDA” (or similar defined term used for the purposes contemplated herein) in the relevant agreement relating to the applicable Eligible Portfolio Investment)) for the relevant period plus, without duplication, the following to the extent deducted in calculating such consolidated net income: (i) consolidated interest charges for such period; (ii) the provision for Federal, state,
        local and foreign income taxes payable for such period; (iii) depreciation and amortization expense for such period; and (iv) such other adjustments included in the definition of “EBITDA” (or similar defined term used for the purposes contemplated
        herein) in the relevant agreement relating to the applicable Eligible Portfolio Investment, provided that such adjustments are usual and customary and substantially comparable to market terms for substantially similar debt of other similarly
        situated borrowers at the time such relevant agreements are entered into as reasonably determined in good faith by the Borrower; provided that, in each case
        EBITDA shall be calculated as of the most recently delivered financial statements of the applicable Person.

      

      

      “Eligible Liens” has the meaning assigned to such term in Section 1.01 of this Agreement.

      

      

      “First Lien Bank Loan” means a Bank Loan that is entitled to the benefit of a first lien and first priority perfected security interest on all or
        substantially all of the assets of the respective borrower and guarantors obligated in respect thereof, and which has the most senior pre-petition priority in any bankruptcy, reorganization, arrangement, insolvency, or
          liquidation proceedings in such collateral; provided, however, that, in the case of accounts receivable and inventory (and the proceeds thereof), such lien and security interest may be second
          in priority to a Permitted Prior Working Capital Lien; and further provided that (other than for an LTV Transaction) any portion (and only such portion) of such a Bank Loan which has a total debt to EBITDA
          ratio above 4.00 to 1.00 will be deemed to be a Second Lien Bank Loan. For the avoidance of doubt, in no event shall a First Lien Bank Loan include a Last Out Loan or a
            Performing DIP Loan.

      

      

      “Fixed Rate Portfolio Investment” means a debtDebt Eligible Portfolio Investment that bears interest at a fixed rate.

      

      

      “Floating Rate Portfolio Investment” means a debtDebt Eligible Portfolio Investment that bears interest at a floating rate.

      

      

      “High-Growth Transactions” has the meaning assigned to such term in the definition of LTV Transaction.

      
        
          

          

        

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      “High Yield Securities” means debt Securities, in each case (a) issued by public or private issuers, (b) issued pursuant to an effective
        registration statement or pursuant to Rule 144A under the Securities Act (or any successor provision thereunder) and (c) that are not Cash Equivalents, Mezzanine Investments (described under clause (i) of the definition thereof) or Bank Loans.

      

      

      “Last Out Loan” shall mean, with respect to any Bank Loan that is a term loan structured in a first out tranche and a last out tranche (with the first out tranche
        entitled to a lower interest rate but priority with respect to payments), that portion of such Bank Loan that is the last out tranche; provided that:

      

      

      (a) such last out tranche is entitled (along with the first out tranche) to the benefit of a first lien and first priority
        perfected security interest on all or substantially all of the assets of the respective borrower and guarantors obligated in respect thereof, and which has the most senior pre-petition priority in any bankruptcy, reorganization, arrangement,
        insolvency, or liquidation proceedings;

      (b) the ratio of (x) the amount of the first out tranche to (y) EBITDA of the underlying obligor does not at any time exceed
        2.00 to 1.00;

      (c) such last out tranche (i) gives the holders of such last out tranche full enforcement rights during the existence of an
        event of default (subject to customary exceptions, including standstill periods and if the holders of the first out tranche have previously exercised enforcement rights), (ii) shall have the same maturity date as the first out tranche, (iii) is
        entitled to the same representations, covenants and events of default as the holders of the first out tranche (subject to customary exceptions), and (iv) provides the holders of such last out tranche with customary protections (including consent
        rights with respect to (1) any increase of the principal balance of the first out tranche, (2) any increase of the margins (other than as a result of the imposition of default interest) applicable to the interest rates with respect to the first out
        tranche, (3) any reduction of the final maturity of the first out tranche, and (4) amending or waiving any provision in the underlying loan documents that is specific to the holders of such last out tranche); and

      (d) such first out tranche is not subject to multiple drawings (unless, at the time of such drawing and after giving effect thereto, the ratio referenced in clause (b)
        above is not exceeded).

      

      

      “Long-Term U.S. Government Securities” means U.S. Government Securities maturing more than three (3) months from the applicable date of
        determination.

      

      

      “LTV Transaction” means any transaction that (i) is structured in a way that would customarily be considered (a) a specialized
        asset-backed transaction for aircraft, locomotives, vessels or, in each case, components thereof or supported by receivables or inventory (“ABL Transactions”) or (b) a high-growth leveraged loan transaction in the technology, software, media and
        telecommunications space (“High-Growth Transactions”), (ii) does not include and would not customarily be expected to include a financial covenant based on debt to EBITDA or a similar multiple of debt to operating cash flow and (iii) is designated
        as an LTV Transaction by the Borrower at the time of the initial investment.

      
        
          

          

        

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      “Mezzanine Investments” means (i) debt Securities (including convertible debt Securities (other than the “in-the-money” equity
        component thereof)) (a) issued by public or private Portfolio Companies, (b) issued without registration under the Securities Act, (c) not issued pursuant to Rule 144A under the Securities Act (or any successor provision thereunder), (d) that are
        not Cash Equivalents and (e) contractually subordinated in right of payment to other debt of the same Portfolio Company and (ii) a Bank Loan that is not a First Lien Bank Loan, a Second Lien Bank Loan, a Covenant-Lite Loan, a High Yield Security or
        a Last Out Loan.

      “Non-Core Investments” means, collectively, Portfolio Investments in Performing Non-Cash Pay Investments, Performing DIP Loans
        and Performing Common Equity.

      “Noteless Assigned Loan” means a Bank Loan with respect to which: (a) the underlying documentation does not require the underlying borrower to
        execute and deliver a promissory note to evidence the indebtedness created under such Bank Loan; (b) none of the Parent, the Borrower, Tennenbaum Capital Partners, LLC or any of their respective Affiliates was an agent with respect to such Bank
        Loan at the time of origination; and (c) the applicable Obligor has affirmatively requested a promissory note from the underlying agent and borrower and has used all commercially reasonable efforts to obtain such promissory note but has been unable
        to obtain a promissory note from the underlying borrower (but only for so long as the applicable Obligor has not received such a promissory note); provided that, any portion of the Borrowing Base that consists of an Eligible Portfolio
        Investment that is a Noteless Assigned Loan shall be identified as such in any Borrowing Base Certificate.

      

      

      “Other Cash” means any immediately available funds in any currency other than (i) Dollars or (ii) any other Agreed Foreign Currency (measured in
        terms of the Dollar Equivalent thereof) that is a freely convertible currency.

      

      

      “Performing” means with respect to any Eligible Portfolio Investment, such Eligible Portfolio Investment (i) is not a Defaulted Obligation, (ii) is
        not on non-accrual status (including PIK non-accrual status) as of the Borrower’s latest financial filings with the SEC, and (iii) does not represent debt or Equity Interests of an issuer that has issued a Defaulted Obligation.

      

      

      “Performing Cash Pay Covenant-Lite Loans” means Performing Covenant-Lite Loans that are Cash Pay.

      

      

      “Performing Cash Pay First Lien Bank Loans” means Performing First Lien Bank Loans that are Cash Pay.

      

      

      “Performing Cash Pay High Yield Securities” means Performing High Yield Securities that are Cash Pay.

      

      

      “Performing Cash Pay Last Out Loans” means Performing Last Out Loans that are Cash Pay.

      

      

      “Performing Cash Pay Mezzanine Investments” means Performing Mezzanine Investments that are Cash Pay.

      

      

      
        
          

          

        

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      “Performing Cash Pay Second Lien Bank Loans” means Performing Second Lien Bank Loans that are Cash Pay.

      

      

      “Performing Common Equity” means funded Equity Interests (other than Preferred Stock) and warrants of a Portfolio Company all of whose outstanding
        debt is Performing.

      

      

      “Performing Covenant-Lite Loans” means funded Covenant-Lite Loans that are Performing.

      

      

      “Performing DIP Loans” means funded DIP Loans that (a) are Cash Pay and (b) are not Defaulted Obligations.

      

      

      “Performing First Lien Bank Loans” means funded First Lien Bank Loans that (a) are not DIP Loans or Covenant-Lite Loans and (b) are Performing.

      

      

      “Performing High Yield Securities” means funded High Yield Securities that are Performing.

      

      

      “Performing Last Out Loans” means funded Last Out Loans that (a) are not DIP Loans or Covenant-Lite Loans and (b) are Performing.

      

      

      “Performing Mezzanine Investments” means funded Mezzanine Investments that are Performing.

      

      

      “Performing Non-Cash Pay Bank Loans” means Performing First Lien Bank Loans, Performing Last Out Loans, and Performing Second Lien Bank Loans, in
        each case that are not Cash Pay.

      

      

      “Performing Non-Cash Pay Covenant-Lite Loans” means Performing Covenant-Lite Loans that are not Cash Pay.

      

      

      “Performing Non-Cash Pay High Yield Securities” means Performing High Yield Securities that are not Cash Pay.

      

      

      “Performing Non-Cash Pay Mezzanine Investments” means Performing Mezzanine Investments that are not Cash Pay.

      

      

      “Performing Non-Cash Pay Investments” means Performing Non-Cash Pay Bank Loans, Performing Non-Cash Pay Covenant-Lite Loans, Performing Non-Cash Pay
        High Yield Securities and Performing Non-Cash Pay Mezzanine Investments.

      

      

      “Performing Second Lien Bank Loans” means funded Second Lien Bank Loans that (a) are not DIP Loans or Covenant-Lite Loans and (b) are Performing.

      

      

      “Permitted Prior Working Capital Lien” means, with respect to a Portfolio Company that is a borrower under a Bank Loan, a security interest to
        secure a working capital

      
        
          

          

        

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      facility for such Portfolio Company in the accounts receivable and inventory (and, to the extent applicable, all related property and proceeds thereof) of such
        Portfolio Company and any of its parents and/or subsidiaries that are guarantors of such working capital facility; provided that (i) such Bank Loan has a second priority lien on such accounts receivable and inventory (and, to the extent
        applicable, all related property and proceeds thereof), (ii) such working capital facility is not secured by any other assets (other than a second priority lien, subject to the first priority lien of the Bank Loan, on any other assets) and does not benefit from any standstill rights or other agreements (other than reasonable and customary

        rights) with respect to any other assets and (iii) the maximum principal amount of such working capital facility is not at any time greater than 15% of the aggregate enterprise value of the Portfolio Company (as determined in accordance with the
        valuation methodology for determining the enterprise value of the applicable Portfolio Company as established by an Approved Third-Party Appraiser or, in the case of Quoted Investments, by the Borrower in a commercially reasonable manner).

      

      

      “Restructured Investment” means, as of any date of determination, (a) any Portfolio Investment that has been a Defaulted Obligation within the past
        six months, or (b) any Portfolio Investment that has in the past six months been on cash non-accrual, or (c) any Portfolio Investment that has in the past six months been amended or subject to a deferral or waiver if both (i) the effect of such
        amendment, deferral or waiver is either, among other things, to (1) change the amount of previously required scheduled debt amortization (other than by reason of repayment thereof) or (2) extend the tenor of previously required scheduled debt
        amortization, in each case such that the remaining weighted average life of such Portfolio Investment is extended by more than 20% and (ii) the reason for such amendment, deferral or waiver is related to the deterioration of the credit profile of
        the underlying borrower such that, in the absence of such amendment, deferral or waiver, it is reasonably expected by the Borrower that such underlying borrower either (x) will not be able to make any such previously required scheduled debt
        amortization payment or (y) is anticipated to incur a breach of a material financial covenant.  A DIP Loan shall not be deemed to be a Restructured Investment, so long as it does not meet the conditions of the definition of Restructured Investment.

      

      

      “Second Lien Bank Loan” means a Bank Loan (other than a First Lien Bank Loan and a Last Out Loan) that is entitled to the benefit of a first and/or
        second lien and first and/or second priority perfected security interest on all or substantially all of the assets of the respective borrower and guarantors obligated in respect thereof.

      

      

      “Securities” means common and preferred stock, units and participations, member interests in limited liability companies, partnership interests in
        partnerships, notes, bonds, debentures, trust receipts and other obligations, instruments or evidences of Indebtedness, including debt instruments of public and private issuers and tax-exempt securities (including warrants, rights, put and call
        options and other options relating thereto, representing rights, or any combination thereof) and other property or interests commonly regarded as securities or any form of interest or participation therein, but not including Bank Loans.

      

      

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

      

      

      
        
          

          

        

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      “Short-Term U.S. Government Securities” means U.S. Government Securities maturing within three (3) months of the applicable date of determination.

      

      

      “Spread” means, with respect to a Floating Rate Portfolio Investment, the cash interest spread of such Floating Rate Portfolio Investment over the
        applicable LIBORelevant Rate or Daily Simple
            RFR, as applicable; provided that, in the case of any Floating Rate Portfolio Investment that does not bear interest by reference to the LIBOapplicable Relevant Rate or Daily Simple RFR, as applicable, “Spread” shall mean the cash interest spread of such
        Floating Rate Portfolio Investment over the LIBO RateBenchmark in effect as of the date of determination for
        deposits in Dollarsthe applicable Currency for a period of three (3) months.

      

      

      “Structured Finance Obligations” means any obligation issued by a special purpose vehicle (or any similar obligor in the principal business of
        offering, originating or, financing or
            warehousing pools of receivables or other financial assets) and secured directly by, referenced to, or representing ownership of or investment in, a pool of receivables or other financial assets of any obligor, including
        collateralized loan obligations, collateralized debt obligations and mortgaged-backedmortgage-backed securities, or
        any finance lease.  For the avoidance of doubt, if an obligation satisfies this definition of “Structured Finance Obligation”, such obligation (a) shall not qualify as any other category of Portfolio Investment and (b) shall not be included in the
        Borrowing Base.

      

      

      “Third Party Finance Company” means a Person that is (i) an operating company with employees, officers and directors, (ii) in the primary business
        of originating loans or factoring or financing receivables, inventory or other current assets, and (iii) an unaffiliated third party business organized under the laws of any State of the United States of America, domiciled in the United States of
        America, and with its principal operations and property located in the United States of America.

      

      

      “USD Cash” means Cash denominated in Dollars.

      

      

      “U.S. Government Securities” has the meaning assigned to such term in Section 1.01 of this Agreement.

      

      

      “Value” means, with respect to any Eligible Portfolio Investment, the value thereof determined for purposes of this Agreement
        in accordance with Section 5.12(b)(ii) or 5.12(b)(iii), as applicable.

      “Weighted Average Fixed Coupon” means, as of any date of determination, the number, expressed as a percentage, obtained by summing the products
        obtained by multiplying the cash interest coupon of each Fixed Rate Portfolio Investment included in the Borrowing Base as of such date by the outstanding principal balance of such Fixed Rate Portfolio Investment as of such date, dividing such sum
        by the aggregate outstanding principal balance of all such Fixed Rate Portfolio Investments included in the Borrowing Base as of such date and rounding up to the nearest 0.01%. For the purpose of calculating the Weighted Average Fixed Coupon, all
        Fixed Rate Portfolio Investments that are not currently paying cash interest shall have an interest rate of 0%.

       

      
        
          

          

        

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      “Weighted Average Floating Spread” means, as of any date of determination, the number, expressed as a percentage, obtained by summing the products
        obtained by multiplying, in the case of each Floating Rate Portfolio Investment included in the Borrowing Base, on an annualized basis, the Spread of such Floating Rate Portfolio Investment, by the outstanding principal balance of such Floating
        Rate Portfolio Investment as of such date and dividing such sum by the aggregate outstanding principal balance of all such Floating Rate Portfolio Investments included in the Borrowing Base as of such date and rounding the result up to the nearest
        0.01%. For the purpose of calculating the Weighted Average Floating Spread, all Floating Rate Portfolio Investments that are not currently paying cash interest shall have an interest rate of 0%.

       

      “Weighted Average Leverage Ratio” means, as of any date of determination, the number obtained by summing the products obtained
        by multiplying, in the case of each Debt Eligible Portfolio Investment included in the Borrowing Base (but, for the avoidance of doubt, excluding any Debt Eligible Portfolio Investments that are LTV Transactions), the leverage ratio (the ratio of
        indebtedness for borrowed money to EBITDA, expressed as a number) for the Portfolio Company of such Eligible Portfolio Investment of all Indebtedness that has a ranking of payment or lien priority senior to or pari

          passu with and including the tranche that includes the Borrower’s Eligible Portfolio Investment, by the fair value of such Eligible Portfolio Investment included in the Borrowing Base as of such date and dividing such sum by the aggregate
        of the fair values of all such Eligible Portfolio Investments included in the Borrowing Base as of such date and rounding the result up to the nearest 0.01.

      SECTION 5.14.          Taxes.  Each
          of the Borrower and its Subsidiaries will timely file or cause to be timely filed all U.S. federal, state and material local Tax returns that are required to be filed by it and all other material Tax returns that are required to be filed by it
          and will pay all Taxes for which it is directly or indirectly liable and any assessments made against it or any of its property and all other Taxes, fees or other charges imposed on it or any of its property by any Governmental Authority, except
          Taxes that are being contested in good faith by appropriate proceedings, and with respect to which reserves in conformity with GAAP are provided on the books of the Borrower or its Subsidiaries, as the case may be.  The charges, accruals and
          reserves on the books of the Borrower and any of its Subsidiaries in respect of Taxes and other governmental charges will be adequate in accordance with GAAP.

      SECTION 5.15.          Anti-Hoarding of
            Assets at Financing Subsidiaries.  If any Financing Subsidiary is not prohibited by any law, rule or regulation or by any contract or agreement relating to indebtedness from distributing all or any portion of its assets to an Obligor, then
          such Financing Subsidiary shall distribute to an Obligor the amount of assets held by such Financing Subsidiary that such Financing Subsidiary is permitted to distribute and that, in the good faith judgment of the Borrower, such Financing
          Subsidiary does not reasonably expect to utilize, in the ordinary course of business, to obtain or maintain a financing from an unaffiliated third party; provided that if a Default has occurred and is continuing and the value of the
          assets owned by such Financing Subsidiary significantly exceeds the amount of indebtedness of such Financing Subsidiary, even if such Financing Subsidiary is prohibited by any contract or agreement relating to indebtedness from distributing all
          or any portion of its assets to an Obligor, the Borrower shall use its commercially reasonable efforts to take such action as is necessary to cause such Financing Subsidiary to become an Obligor or distribute assets to an Obligor in an amount
          equal to the

      
        
          

          

        

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      amount of assets held by such Financing Subsidiary that, in the good faith judgment of the Borrower, such Financing Subsidiary does not reasonably
        expect to utilize, in the ordinary course of business, to obtain or maintain a financing from an unaffiliated third party that includes advance rates that are substantially comparable to market terms for substantially similar debt financings at
        such time of determination; provided, further, that prior to the Revolver Termination Date, this Section 5.15 shall not apply to any Financing Subsidiary the Equity Interest of which is subject to a first priority perfected
        security interest in favor of the Collateral Agent securing the Secured Obligations.

      ARTICLE VI          

          

          

          NEGATIVE COVENANTS

      Until the Termination Date, the Borrower covenants and agrees with the Lenders that:

      SECTION 6.01.          Indebtedness.  The Borrower will
          not, nor will it permit any of its Subsidiaries to, create, incur, assume or permit to exist any Indebtedness, except:

      (a)          Indebtedness created under
          this Agreement;

      (b)          Indebtedness of Financing
          Subsidiaries; provided that (i) on the date that such Indebtedness is incurred (for clarity, with respect to any and all revolving loan facilities or staged advance loan facilities, “incurrence” shall be deemed to take place at the time
          such facility is entered into, and not upon each borrowing thereunder), prior to and immediately after giving effect to the incurrence thereof, the Borrower is in pro forma compliance with each of the covenants set forth in Sections 6.07(a)
          to (e) and the Parent is in pro forma compliance with the covenant set forth in Section 6.07(f), and on the date of such incurrence Borrower delivers to the Administrative Agent a certificate of a Financial Officer to such effect
          and (ii) in the case of revolving loan facilities or staged advance loan facilities, upon each borrowing thereunder, the Borrower is in pro forma compliance with each of the covenants set forth in Sections 6.07(a) to (e) and the
          Parent is in pro forma compliance with the covenant set forth in Section 6.07(f);

      (c)          repurchase obligations arising
          in the ordinary course of business with respect to U.S. Government Securities;

      (d)          obligations payable to
          clearing agencies, brokers or dealers in connection with the purchase or sale of securities in the ordinary course of business;

      (e)          obligations of the Borrower
          under a Permitted SBIC Guarantee and obligations (including Guarantees) in respect of Standard Securitization Undertakings;

      (f)          Indebtedness of the Borrower
          under any Hedging Agreements entered into in the ordinary course of the Borrower’s business for interest rate or currency hedging and not for speculative purposes, in an aggregate amount not to exceed $15,000,000 at any time outstanding (for
          clarity, the amount of any Indebtedness under any Hedging Agreement shall be the amount

      
        
          

          

        

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      such Obligor would be obligated for under such Hedging Agreement if such Hedging Agreement were terminated at the time of determination);

      (g)          Indebtedness in respect of
          judgments or awards that have been in force for less than the applicable period for taking an appeal, so long as such judgments or awards do not constitute an Event of Default;

      (h)          Indebtedness of an Obligor to
          any other Obligor; and

      (i)          additional Indebtedness not
          for borrowed money, in an aggregate amount not to exceed $15,000,000 at any time outstanding.

      SECTION 6.02.          Liens.  (i)
          The Borrower will not permit the Parent to create, incur, assume or permit to exist any Lien on the Equity Interests of the Borrower now owned or hereafter acquired by the Parent and (ii) the Borrower will not, nor will it permit any of its
          Subsidiaries to, create, incur, assume or permit to exist any Lien on any property or asset (including Equity Interests in any Financing Subsidiary or any other Subsidiary) now owned or hereafter acquired by it, or assign or sell any income or
          revenues (including accounts receivable) or rights in respect of any thereof except, in the case of this clause (ii):

      (a)          any Lien on any property or
          asset of the Borrower existing on the FirstOmnibus Amendment Effective Date and set forth in Schedule 3.11(b),
          provided that (i) no such Lien shall extend to any other property or asset of the Borrower or any of its Subsidiaries, and (ii) any such Lien shall secure only those obligations which it secures on the FirstOmnibus Amendment Effective Date and extensions, renewals and replacements thereof that do not increase the outstanding principal amount thereof;

      (b)          Liens created pursuant to the
          Security Documents;

      (c)          Liens on assets owned by
          Financing Subsidiaries;

      (d)          Permitted Liens;

      (e)          additional Liens securing
          Indebtedness not for borrowed money not to exceed $5,000,000 in the aggregate;

      (f)          Liens created by posting of
          cash collateral in connection with Hedging Agreements permitted under Section 6.01(f) or Section 6.04(c) in an aggregate amount not to exceed $15,000,000 at any time; provided that, for the avoidance of doubt, at no time shall such cash
          collateral constitute an Eligible Portfolio Investment; and

      (g)          Liens on Equity Interests in
          any SBIC Subsidiary created in favor of the SBA.

      SECTION 6.03.          Fundamental Changes.  The
          Borrower will not, nor will it permit any of its Subsidiaries to, enter into any transaction of merger or,
          consolidation or amalgamation, or liquidate or provisionally liquidate, wind up or dissolve itself (or suffer any liquidation, provisional liquidation or dissolution).  The Borrower will not, nor will it permit any of its

      
        
          

          

        

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      Subsidiaries to, reorganize under the laws of a jurisdiction other than any
            jurisdiction in the United States. The Borrower will not, nor will it permit any of its Subsidiaries to, acquire any business or property from, or Equity Interests of, or be a party to any acquisition of, any Person, except for
        purchases or acquisitions of Portfolio Investments and other assets in the normal course of the day-to-day business activities of the Borrower and its Subsidiaries and not in violation of the terms and conditions of this Agreement or any other Loan
        Document.  The Borrower will not, nor will it permit any of its Subsidiaries to, convey, sell, lease, transfer or otherwise dispose of, in one transaction or a series of transactions, any part of its assets (including Cash, Cash Equivalents and
        Equity Interests), whether now owned or hereafter acquired, but excluding (x) assets (including Cash and Cash Equivalents but excluding Portfolio Investments) sold or disposed of in the ordinary course of business of
          the Borrower and its Subsidiaries (including to make expenditures of cash in the normal course of the day-to-day business activities of the Borrower and its Subsidiaries) and (y) subject to the provisions of clauses (d) and (e) below,
        Portfolio Investments.  The Borrower will not, nor will it permit any of its Subsidiaries to, file a certificate of division, adopt a plan of division or otherwise take any action to effectuate a division pursuant to Section 18-217 of the Delaware
        Limited Liability Company Act (or any analogous action taken pursuant to applicable law with respect to any corporation, limited liability company, partnership or other entity or
            any comparable event under a different jurisdiction’s laws).

      Notwithstanding the foregoing provisions of this Section:

      (a)          any Subsidiary of the Borrower
          may be merged or consolidated with or into the Borrower or any other Subsidiary Guarantor; provided that if any such transaction shall be (i) between a Subsidiary or a Subsidiary Guarantor and the Borrower, the Borrower shall be the
          continuing or surviving entity and (ii) between a Subsidiary and a wholly owned Subsidiary Guarantor, the wholly owned Subsidiary Guarantor shall be the continuing or surviving entity;

      (b)          any Subsidiary of the Borrower
          may sell, lease, transfer or otherwise dispose of any or all of its assets (upon voluntary liquidation or otherwise) to the Borrower or any wholly owned Subsidiary Guarantor of the Borrower;

      (c)          the Equity Interests of any
          Subsidiary of the Borrower may be sold, transferred or otherwise disposed of to the Borrower or any wholly owned Subsidiary Guarantor of the Borrower;

      (d)          the Obligors may sell,
          transfer or otherwise dispose of Portfolio Investments (other than to a Financing Subsidiary or the Parent or any of their respective affiliatesAffiliates) so long as prior to and after giving effect to such sale, transfer or other disposition (and any concurrent acquisitions of Portfolio Investments or payment of outstanding Loans or
          Other Covered Indebtedness) the Covered Debt Amount does not exceed the Borrowing Base;

      (e)          the Obligors may sell,
          transfer or otherwise dispose of Portfolio Investments (other than ownership interests in Financing Subsidiaries), Cash and Cash Equivalents to a Financing Subsidiary
          so long as, and the Borrower delivers to the Administrative Agent a certificate of a Financial Officer certifying that, (i) prior to and immediately after giving effect
          to such sale, transfer or other disposition (and any concurrent acquisitions of Portfolio Investments or payment of outstanding Loans or Other Covered Indebtedness), the Covered Debt Amount does

      
        
          

          

        

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      not exceed the Borrowing Base and no Default exists, and the Borrower delivers to the Administrative Agent
            a certificate of a Financial Officer to such effect, (ii) after giving effect to such sale, transfer or other disposition (and any concurrent acquisitions of Portfolio Investments or payment of outstanding Loans or Other
        Covered Indebtedness), either (x) the amount by which the Borrowing Base exceeds the Covered Debt Amount immediately prior to such sale, transfer or other disposition is not diminished as a result of such sale, transfer or other disposition or
        (y) the Borrowing Base immediately after giving effect to such sale, transfer or other disposition is at least 120% of the Covered Debt Amount;

      (f)          the Borrower may merge or
          consolidate with any other Person, so long as (x) the Borrower is the continuing or surviving entity in such transaction and at the time thereof and after giving effect thereto, no Default shall have occurred or be continuing or (y) if such
          Person is the Parent and the Borrower is not the surviving entity, (i) such Person shall expressly assume, by an amendment or supplement, executed and delivered to the Administrative Agent and each Lender and in a form satisfactory to the
          Administrative Agent and the Required Lenders, the due and punctual payment of the principal of and interest on all Loans and other obligations and the performance of every covenant and every other obligation or liability of this Agreement and
          the other Loan Documents on the part of the Borrower to be performed or observed, all as provided herein, (ii) at the time thereof and after giving effect thereto, no Default shall have occurred or be continuing, (iii) the Borrower shall have
          provided at least ten (10) days’ prior written notice thereof to the Administrative Agent (which shall provide a copy of such notice to each Lender) and the Required Lenders shall not have affirmatively objected in writing to such merger or
          consolidation within ten (10) days of the notice thereof as provided above, (iv) the Borrower shall have taken all steps necessary or requested by the Administrative Agent to preserve the effectiveness, perfection and priority of the Liens
          created under the Security Documents and (v) the Borrower shall have delivered to the Administrative Agent and each Lender an opinion of counsel concerning such matters as the Administrative Agent may reasonably require;

      (g)          the Borrower and its
          Subsidiaries may sell, lease, transfer or otherwise dispose of equipment or other property or assets that do not consist of Portfolio Investments so long as the aggregate amount of all such sales, leases, transfers and dispositions does not
          exceed $5,000,000 in any fiscal year; provided that dispositions of any such property or assets received in connection with an enforcement action on account of a Portfolio Investment shall not be subject to such limit; and

      (h)          any Subsidiary of the Borrower
          may be liquidated or dissolved; provided that (i) in connection with such liquidation or dissolution, any and all of the assets of such Subsidiary shall be distributed or otherwise transferred to the Borrower or any wholly owned
          Subsidiary Guarantor of the Borrower and (ii) the Borrower determines in good faith that such liquidation is in the best interest of the Borrower and is not materially disadvantageous to the Lenders.

      SECTION 6.04.          Investments. 
          The Borrower will not, nor will it permit any of its Subsidiaries to, acquire, make or enter into, or hold, any Investments except:

      (a)          operating deposit accounts
          with banks;

      
        
          

          

        

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      (b)          Investments by the Borrower
          and the Subsidiary Guarantors in the Borrower and the Subsidiary Guarantors;

      (c)          Hedging Agreements entered
          into in the ordinary course of the Borrower’s business for financial planning and not for speculative purposes;

      (d)          Portfolio Investments by the
          Borrower and its Subsidiaries to the extent such Portfolio Investments are permitted under the Investment Company Act (to the extent such applicable Person is subject to the Investment Company Act) and the Investment Policies (as amended by
          Permitted Policy Amendments);

      (e)          Equity

              InterestsInvestments in (or capital contributions to) Financing Subsidiaries to the extent not prohibitedexpressly permitted by Section 6.03(e);

      (f)          Investments by any Financing
          Subsidiary;

      (g)          Investments in Cash and Cash
          Equivalents;

      (h)          Investments described on Schedule

            3.12(b) hereto; and

      (i)          additional Investments up to
          but not exceeding $5,000,000 in the aggregate (for purposes of this clause (i), the aggregate amount of an Investment at any time shall be deemed to be equal to (A) the aggregate amount of cash, together with the aggregate fair market value of
          property loaned, advanced, contributed, transferred or otherwise invested that gives rise to such Investment (calculated at the time such Investment is made), minus (B) the aggregate amount of dividends, distributions or other payments
          (other than on account of taxes) received in cash in respect of such Investment; provided that in no event shall the aggregate amount of any Investment be less than zero; and provided, further, that the amount of any
          Investment shall not be reduced by reason of any write-off of such Investment, nor increased by way of any increase in the amount of earnings retained in the Person in which such Investment is made that have not been dividended, distributed or
          otherwise paid out).

      SECTION 6.05.          Restricted Payments.  The Borrower
          will not, nor will it permit any of its Subsidiaries (other than the Financing Subsidiaries) to, declare or make, or agree to pay or make, directly or indirectly, any Restricted Payment, except that:

      (a)          the Borrower may declare and
          pay dividends and other distributions to the Parent with respect to the Equity Interests of the Borrower payable solely in additional partnershiplimited liability company interests of the Borrower;

      (b)          (A) if no Default shall have
          occurred and be continuing, the Borrower may declare and pay dividends and other distributions to the Parent, in either case in cash or other property (excluding for this purpose the Borrower’s Equity Interests) in or with respect to any taxable
          year of the Borrower (or any calendar year, as relevant) in amounts not to exceed the lesser of:

      (i)          110% of
          the amounts that are required to be distributed by the Parent to (1) allow the Parent to satisfy the minimum distribution requirements imposed by Section

      
        
          

          

        

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      852(a) of the Code (or any successor thereto) to maintain its eligibility to be taxed as a RIC for any such taxable year, (2)
        reduce to zero for any such taxable year its liability for federal income taxes imposed on (y) its investment company taxable income pursuant to Section 852(b)(1) of the Code (or any successor thereto), or (z) its net capital gain pursuant to
        Section 852(b)(3) of the Code (or any successor thereto), and (3) reduce to zero its liability for federal excise taxes for any such calendar year imposed pursuant to Section 4982 of the Code (or any successor thereto); orand

      (ii)          110% of
          the amounts that would be required to be distributed by the Borrower to (1) allow the Borrower to satisfy the minimum distribution requirements imposed by Section 852(a) of the Code (or any successor thereto) to maintain its eligibility to be
          taxed as a RIC for any such taxable year, (2) reduce to zero for any such taxable year its liability for federal income taxes imposed on (y) its investment company taxable income pursuant to Section 852(b)(1) of the Code (or any successor
          thereto), or (z) its net capital gain pursuant to Section 852(b)(3) of the Code (or any successor thereto), and (3) reduce to zero its liability for federal excise taxes for any such calendar year imposed pursuant to Section 4982 of the Code (or
          any successor thereto), in the case of each of (1), (2) and (3), calculated assuming that the Borrower had qualified to be taxed as a RIC,

      (such lower amount of (i) and (ii), the “Required Payment Amount”); and

      (B) the Borrower may make other Restricted Payments if at the time of any such Restricted Payment and after giving effect thereto, (i) no Default
        shall have occurred and be continuing, and (ii) the Covered Debt Amount does not exceed 85% of the Borrowing Base after giving effect to such Restricted Payment (which shall be evidenced through reasonably detailed calculations included in each
        Borrowing Base Certificate delivered pursuant to Section 5.01(f)); and

      

      

      (c)          the Subsidiaries of the
          Borrower may make Restricted Payments to the Borrower or to any Subsidiary Guarantor.

      For the avoidance of doubt, the Borrower shall not declare any dividend to the extent such declaration violates the provisions
        of the Investment Company Act that are applicable to it or would be applicable to it if it were then registered as an “investment company” thereunder.

      SECTION 6.06.          Certain
            Restrictions on Subsidiaries(a)          .  The Borrower will not permit any of its Subsidiaries to enter into or suffer to exist any indenture, agreement, instrument or other arrangement (other than the Loan Documents) that prohibits or
          restrains, in each case in any material respect, or imposes materially adverse conditions upon, the incurrence or payment of Indebtedness, the granting of Liens, the declaration or payment of dividends, the making of loans, advances, guarantees
          or Investments or the sale, assignment, transfer or other disposition of property, except for any prohibitions or restraints contained in (i) any Indebtedness permitted under Section

              6.01(c) or (d) secured by a Permitted Lien; provided that such
            prohibitions and restraints are applicable by their terms only to the assets that are subject to such Lien, (ii) any agreement, instrument or other arrangement pertaining to any sale or other disposition of any asset permitted by this Agreement
            so long as the applicable restrictions (A) only apply to such assets and (B) do not restrict prior to the consummation of such sale or disposition the creation or existence of the Liens in favor of the Collateral Agent pursuant to the Security
            Documents or

      
        
          

          

        

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      otherwise required by this Agreement, or the incurrence or payment of Indebtedness under this Agreement or the
          ability of the Borrower and its Subsidiaries to perform any other obligation under any of the Loan Documents and (iii) any agreement, instrument or other arrangement pertaining to Indebtedness of a Financing Subsidiary permitted under Section 6.01(b); provided that any such prohibition or restraint applies only to such Financing Subsidiary and its Subsidiaries (if any) and not, for the avoidance of
          doubt, to the Obligors.

      SECTION 6.07.          Certain Financial Covenants.

      (a)          Minimum Stockholders’
            Equity.  After the First Amendment Effective Date, the Borrower will not permit Stockholders’ Equity as of the last day of any fiscal quarter of the Borrower to be less than the greater of (i) 40% of the total assets of the Borrower and its
          Subsidiaries as at the last day of such fiscal quarter (determined on a consolidated basis, without duplication, in accordance with GAAP) and (ii) the sum of (x) $540,000,000, plus (y) 60% of the aggregate net proceeds of (A) all sales of
          Equity Interests by the Borrower after the First Amendment Effective Date and (B) all capital contributions to and investments in the Borrower by the Parent after the First Amendment Effective Date, minus (z) 60% of the aggregate net
          proceeds of all Refinancing Distributions.

      (b)          Asset Coverage Ratio
            (Borrower).  After the Restatement Effective Date, the Borrower will not permit the Asset Coverage Ratio (Borrower) to be less than 2.00 to 1.00 at any time.

      (c)          Consolidated Interest
            Coverage Ratio.  After the Restatement Effective Date, the Borrower will not permit the Consolidated Interest Coverage Ratio to be less than 2.50 to 1.00 as of the last day of any fiscal quarter of the Borrower.

      (d)          Liquidity Test.  After
          the Restatement Effective Date, the Borrower will not permit the aggregate Value of the Eligible Portfolio Investments that can be converted to Cash in fewer than 10 Business Days without more than a 5% change in price to be less than 10% of the
          Covered Debt Amount for more than 30 Business Days during any period when the Adjusted Covered Debt Balance is greater than 90% of the Adjusted Borrowing Base.

      (e)          Obligors’ Net Worth Test. 

          After the Restatement Effective Date, the Borrower will not permit the Obligors’ Net Worth to be less than the greater of (i) $200,000,000 and (ii) the amount of the Commitments as of the Restatement Effective Date plus the aggregate amount of any Commitment Increases that become effective after the Restatement Effective Date (calculated as of the date each such Commitment Increase becomes effective).

      (f)          Asset Coverage Ratio
            (Parent).  After the Restatement Effective Date, the Borrower will not permit the Asset Coverage Ratio (Parent) to be less than 1.50 to 1.00 at any time.

      SECTION 6.08.          Transactions with Affiliates. 
          (a)  The Borrower will not, and will not permit any of its Subsidiaries to, enter into any transactions with any of its Affiliates, even if otherwise permitted under this Agreement, except (i) transactions in the ordinary course of business at
          prices and on terms and conditions not less favorable to the Borrower or such

      
        
          

          

        

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      Subsidiary (or, in the case of a transaction between an Obligor and a non-Obligor Subsidiary, not less favorable to such Obligor) than could be
        obtained at the time on an arm’s-length basis from unrelated third parties, (ii) transactions between or among the Obligors not involving any other Affiliate, (iii) Restricted Payments permitted by Section 6.05, dispositions permitted by Section

          6.03(e) and Investments permitted by Section 6.04(e), (iv) the transactions provided in the Affiliate Agreements as the same may be amended in accordance with Section 6.11, (v) existing transactions with Affiliates as set
        forth in Schedule 6.08, or (vi) the payment of compensation and reimbursement of expenses of directors in a manner consistent with current practice of the Borrower and general market practice, and indemnification to directors in the
        ordinary course of business.

      (b)          The Borrower will not, and
          will not permit any of its Subsidiaries to, enter into any transactions with any issuer of an Affiliate Investment, except transactions in the ordinary course of business that are either (i) at prices and on terms and conditions not less
          favorable to the Borrower or such Subsidiary than could be obtained at the time on an arm’s-length basis from unrelated third parties or (ii) in the nature of an amendment, supplement or modification to any such Affiliate Investment on terms and
          conditions that are similar to those obtained by debt or equity investors in similar types of investments in which such investors do not have the controlling equity interest, in each case, as reasonably determined in good faith by the Borrower.

      SECTION 6.09.          Lines of Business.  The Borrower
          will not, nor will it permit any of its Subsidiaries to, engage to any material extent in any business other than in accordance with the Investment Policies as amended by Permitted Policy Amendments.

      SECTION 6.10.          No Further Negative Pledge.  The
          Borrower will not, and will not permit any of its Subsidiaries to, enter into any agreement, instrument, deed or lease which prohibits or limits the ability of any Obligor to create, incur, assume or suffer to exist any Lien upon any of its
          properties, assets or revenues, whether now owned or hereafter acquired, or which requires the grant of any security for an obligation if security is granted for another obligation, except the following: (a) this Agreement and the other Loan
          Documents; (b) covenants in documents creating Liens permitted by Section 6.02 prohibiting further Liens on the assets encumbered thereby; (c) customary restrictions contained in leases not subject to a waiver; and (d) any other agreement
          that does not restrict in any manner (directly or indirectly) Liens created pursuant to the Loan Documents on any Collateral securing the Secured Obligations and does not require the direct or indirect granting of any Lien securing any
          Indebtedness or other obligation by virtue of the granting of Liens on or pledge of property of any Obligor to secure the Loans or any Hedging Agreement.

      SECTION 6.11.          Modifications of Indebtedness and
            Affiliate Agreements.  The Borrower will not, and will not permit any of its Subsidiaries to, consent to any modification, supplement or waiver of any of the Affiliate Agreements, unless such modification, supplement or waiver is not
          materially less favorable to the Borrower than could be obtained on an arm’s-length basis from unrelated third parties; provided that the Borrower may terminate its Amended and Restated Investment Management Agreement referenced in clause (a) of
          the definition of Affiliate Agreements on or after withdrawing its election to be regulated as a “business development company” under the Investment Company Act in accordance with Section 5.10.

      
        
          

          

        

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      The Administrative Agent hereby acknowledges and agrees that the Borrower may, at any time and from time to time, without the consent of the
        Administrative Agent, freely amend, restate, terminate, or otherwise modify any documents, instruments and agreements evidencing, securing or relating to Indebtedness permitted pursuant to Section 6.01(b), including increases in the
        principal amount thereof, modifications to the advance rates and/or modifications to the interest rate, fees or other pricing terms; provided that no such amendment, restatement or, termination or other modification shall, unless the Borrower complies with the terms of Section 5.08(a)(i) hereof, cause a Financing Subsidiary to fail to be a
        “Financing Subsidiary” in accordance with the definition thereof.

      SECTION 6.12.          Payments of Indebtedness.  If a
          Default shall have occurred and be continuing, the Borrower will not, nor will it permit any of its Subsidiaries (other than Financing Subsidiaries) to, purchase, redeem, retire or otherwise acquire for value, or set apart any money for a
          sinking, defeasance or other analogous fund for the purchase, redemption, retirement or other acquisition of or make any voluntary or involuntary payment or prepayment of the principal of or interest on, or any other amount owing in respect of
          any Indebtedness.

      SECTION 6.13.          Modification of Investment Policies. 

          Other than with respect to Permitted Policy Amendments, neither the Parent nor the Borrower will amend, supplement, waive or otherwise modify in any material respect their respective Investment Policies as in effect on the Original Effective
          Date.

      SECTION 6.14.          SBIC Guarantee.  The Borrower
          will not, nor will it permit any of its Subsidiaries to, cause or permit the occurrence of any event or condition that would result in any recourse to any Obligor under any Permitted SBIC Guarantee.

      SECTION 6.15.          Derivative
            Transactions.  The Borrower will not, nor will it permit any of its Subsidiaries (other than a Financing Subsidiary) to, enter into any swap or derivative transactions (including total return swaps) or other similar transactions or
          agreements, except for Hedging Agreements to the extent permitted pursuant to Sections 6.01(f) and 6.04(c).

      SECTION 6.16.          Parent Holding
            Company.  The Borrower will not permit the Parent to (i) engage in any business activity other than (w) activities incidental to maintenance of its corporate existence, (x) issuing its own Equity Interests, (y) participation in tax,
          accounting and other administrative activities as a member of a consolidated group of companies and (z) the payment of dividends on its outstanding common shares, the repurchase of its common shares to the extent not involving a breach of Section

            6.05 and the payment of interest on or redemption of principal of outstanding indebtedness of the Parent, (ii) own or acquire any assets other than (x) 100% of the Equity Interests of the Borrower, (y) Cash and Cash Equivalents in an
          aggregate amount not to exceed $50,000,000 held solely in connection with the collateralization of Hedging Agreements entered into by the Parent and (z) Cash and Cash Equivalents necessary to consummate the payment of dividends on its outstanding
          common shares, the repurchase of its common shares to the extent not involving a breach of Section 6.05 and the payment of interest on or redemption of principal of outstanding indebtedness of the Parent or (iii) incur any liabilities
          other than (x) Hedging Agreements and (y) unsecured obligations to the extent permitted under the Investment Company Act.

      
        
          

          

        

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      SECTION 6.17.          ERISA Plan Assets.  The Borrower will not, at any time, permit its assets to be considered to be “plan assets” of any Benefit Plan under ERISA or Section 4975 of the
            Code or plan assets of any employee benefit plan that is subject to Similar Law.

      ARTICLE VII          

          

          

          EVENTS OF DEFAULT

      SECTION 7.01.          Events of Default. 

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

      (a)          the Borrower shall fail to pay
          any principal of any Loan (including any principal payable under Section 2.08(b), (c) or (d)) when and as the same shall become due and payable, whether at the due date thereof or at a date fixed for prepayment thereof or
          otherwise;

      (b)          the Borrower shall fail to pay
          any interest on any Loan or any fee or any other amount (other than an amount referred to in clause (a) of this Article) payable under this Agreement or under any other Loan Document, when and as the same shall become due and payable, and such
          failure shall continue unremedied for a period of five (5) or more Business Days;

      (c)          any representation or warranty
          made or deemed made by or on behalf of the Borrower or any of its Subsidiaries in or in connection with this Agreement or any other Loan Document or any amendment or modification hereof or thereof, or in any report, certificate, financial
          statement or other document furnished pursuant to or in connection with this Agreement or any other Loan Document or any amendment or modification hereof or thereof, shall prove to have been incorrect when made or deemed made in any material
          respect (except that such materiality qualifier shall not be applicable to any representation or warranty already qualified by materiality or Material Adverse Effect);

      (d)          the Borrower or any of its
          Subsidiaries shall fail to observe or perform any covenant, condition or agreement contained in (i) Section 5.01(g), Section 5.02(a), Section 5.03 (with respect to the Parent’s, the Borrower’s and the Borrower’s
          Subsidiaries’ existence only, and not with respect to the Borrower’s and its Subsidiaries’ rights, licenses, permits, privileges or franchises), Sections 5.08(a) or (b), Section 5.09, Section 5.10, Section
            5.12(c) or Article VI; (ii) Section 5.01(f) or (h) or Sections 5.02(b), (c) or (d) and, in the case of this clause (ii), such failure shall continue unremedied for a period of five (5) or more
          days after any Tennenbaum Party has knowledge of such failure or (iii) any Obligor shall default in the performance of any of its obligations contained in Section 7 of the Guarantee and Security Agreement and, in the case of this
          clause (iii), such failure shall continue unremedied for a period of five (5) or more Business Days (or, if the Administrative Agent shall agree in its sole discretion, ten (10) Business Days), after the earlier of (A) notice thereof from the
          Administrative Agent (given at the request of any Lender) to the Borrower and (B) any Tennenbaum Party having knowledge of such failure;

      (e)          the Borrower or any Obligor,
          as applicable, shall fail to observe or perform any covenant, condition or agreement contained in this Agreement (other than those specified in clause (a), (b) or (d) of this Article) or any other Loan Document and such failure shall continue
          unremedied for a period of thirty (30) or more days after the earlier of (A) notice thereof from the

      
        
          

          

        

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      Administrative Agent (given at the request of any Lender) to the Borrower and (B) any Tennenbaum Party having knowledge of such failure;

      (f)          the Parent, the Borrower or
          any of their respective Subsidiaries shall fail to make any payment (whether of principal or interest and regardless of amount) in respect of any Material Indebtedness, when and as the same shall become due and payable, taking into account (other than with respect to payments of principal) any applicable grace period;

      (g)          any event or condition occurs
          that (i) results in all or any portion of any Material Indebtedness becoming due prior to its scheduled maturity or (ii) that enables or permits (with or without the giving of notice, the lapse of time or both) the holder or holders of any
          Material Indebtedness or any trustee or agent on its or their behalf to cause any Material Indebtedness to become due, or to require the prepayment, repurchase, redemption or defeasance thereof, prior to its scheduled maturity, unless, in the
          case of this clause (ii), such event or condition is no longer continuing or has been waived in accordance with the terms of such Material Indebtedness such that the holder or holders thereof or any trustee or agent on its or their behalf are no
          longer enabled or permitted to cause such Material Indebtedness to become due, or to require the prepayment, repurchase, redemption or defeasance thereof, prior to its scheduled maturity; provided that this clause (g) shall not apply to
          secured Indebtedness that becomes due as a result of the voluntary sale or transfer of the property or assets securing such Indebtedness;

      (h)          an involuntary proceeding
          shall be commenced or an involuntary petition shall be filed seeking (i) liquidation, reorganization or other relief in respect of the Parent, the Borrower or any of the Borrower’s Subsidiaries or its debts, or of a substantial part of its
          assets, under any Federal, state or foreign bankruptcy, insolvency, receivership or similar law now or hereafter in effect or (ii) the appointment of a receiver, trustee, custodian, sequestrator, conservator or similar official for the Parent,
          the Borrower or any of the Borrower’s Subsidiaries or for a substantial part of its assets, and, in any such case, such proceeding or petition shall continue undismissed and unstayed for a period of 60 or more days or an order or decree approving
          or ordering any of the foregoing shall be entered;

      (i)          the Parent, the Borrower or
          any of the Borrower’s Subsidiaries shall (i) voluntarily commence any proceeding or file any petition seeking liquidation, reorganization or other relief under any Federal, state or foreign bankruptcy, insolvency, receivership or similar law now
          or hereafter in effect, (ii) consent to the institution of, or fail to contest in a timely and appropriate manner, any proceeding or petition described in clause (h) of this Article, (iii) apply for or consent to the appointment of a receiver,
          trustee, custodian, sequestrator, conservator or similar official for the Parent, the Borrower or any of the Borrower’s Subsidiaries or for a substantial part of its assets, (iv) file an answer admitting the material allegations of a petition
          filed against it in any such proceeding, (v) make a general assignment for the benefit of creditors or (vi) take any action for the purpose of effecting any of the foregoing;

      (j)          the Parent, the Borrower or any of its Subsidiaries shall become unable, admit in writing its inability or fail generally to pay its debts as they become due;

      (k)          (x) there is rendered against the Borrower or any of its Subsidiaries or any combination thereof (i) one or more judgments or orders for the payment of money in an aggregate

      
        
          

          

        

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      amount (as to all such judgments and orders) in excess of $5,000,000 (to the extent not covered by independent third-party insurance as to which
        the insurer has been notified of the potential claim and does not dispute coverage) or (ii) any one or more non-monetary judgments that, individually or in the aggregate, has resulted in or could reasonably be expected to result in a Material
        Adverse Effect and, in either case, (A) enforcement proceedings, actions or collection efforts are commenced by any creditor upon such judgment or order, or (B) there is
        a period of thirty (30) consecutive days during which a stay of enforcement of such judgment, by reason of a pending appeal or otherwise, is not in effect or (y) any action shall be
            legally taken by a judgment creditor to attach or levy upon any assets of the Borrower or any of its Subsidiaries to enforce any such judgment;

      (l)          (i) the occurrence of any
          ERISA Event that, alone or together with any other ERISA Events that have occurred, could reasonably be expected to result in liability of any or all of the Borrower, any Subsidiary or the ERISA Affiliates in an aggregate amount exceeding
          $5,000,000, (ii) there is or arises an Unfunded Pension Liability (taking into account only Plans with positive Unfunded Pension Liability) of $2,500,000 or more, or (iii) if the Borrower,
          any Subsidiary or the ERISA Affiliates were to withdraw from any and all Multiemployer Plans in a complete withdrawal, the aggregate Withdrawal Liability that would be incurred would be in excess of $2,500,000;, or (iv) a Lien is imposed under Section 430(k) or 6321 of the Code or under Section 303(k) or 4068 of ERISA, in any case, on asset of the Borrower or any of its Subsidiaries, and
              such Lien shall not have been released within five (5) Business Days;

      (m)          a Change in Control shall
          occur;

      (n)          any SBIC Subsidiary shall
          become the subject of an enforcement action and be transferred into liquidation status by the SBA;

      (o)          (x) the Liens created by the
          Security Documents shall, at any time with respect to Portfolio Investments held by Obligors having an aggregate Value in excess of 5% of the aggregate Value of all Portfolio Investments held by Obligors, not be, valid and perfected (to the
          extent perfection by filing, registration, recordation, possession or control is required herein or therein) in favor of the Collateral Agent (or any Obligor or any Affiliate of an Obligor shall so assert in writing), free and clear of all other
          Liens (other than Liens permitted under Section 6.02 or under the respective Security Documents) except as a result of a disposition of Portfolio Investments in a transaction or series of transactions permitted under this Agreement and except to
          the extent that any such loss of perfection results from the failure of the Collateral Agent to maintain possession of certificates representing securities pledged under the Guarantee and Security Agreement; provided that if such Default is as a
          result of any action of the Administrative Agent or Collateral Agent or a failure of the Administrative Agent or Collateral Agent to take any action within its control, then there shall be no Default hereunder unless such Default shall continue
          unremedied for a period of ten (10) consecutive Business Days after the earlier of (i) the Borrower becoming aware of such Default and (ii) the Borrower’s receipt of written notice of such Default thereof from the Administrative Agent, unless, in
          each case, the continuance thereof is a result of a failure of the Collateral Agent or Administrative Agent to take an action within their control (and the Borrower has requested that the Collateral Agent or Administrative Agent to take such action) or (y) any of the Equity Interests in the Borrower shall become subject to any Lien;

      
        
          

          

        

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      (p)          except for expiration in
          accordance with its terms, any of the Security Documents shall for whatever reason be terminated or cease to be in full force and effect in any material respect, or the enforceability thereof shall be contested by any Obligor, or declared ineffective, illegal or inoperative in any material respect or in any way whatsoever cease to give or provide the respective material rights, titles, interest remedies,
              powers or privileges intended to be created thereby, or there shall be any actual invalidity of any guaranty thereunder or any Obligor or any Affiliate of an Obligor shall so assert in writing;

      (q)          the Borrower or any of its
          Subsidiaries shall cause or permit the occurrence of any condition or event that would result in any recourse to any Obligor under any Permitted SBIC Guarantee; or

      (r)          the Advisor shall cease to be
          the investment advisor of the Borrower; or

      (s)          the assets of the Borrower shall at any time be considered to be “plan assets” of any Benefit Plan under ERISA or Section 4975 of the Code or plan assets of
            any employee benefit plan subject to Similar Law;

      then, and in every such event (other than an event described in clause (h), (i) or (j) of this Article), and at any time thereafter during the
        continuance of such event, the Administrative Agent may, and at the request of the Required Lenders shall, by notice to the Borrower, take any of the following actions, at the same or different times: (i) terminate the Commitments, and thereupon
        the Commitments shall terminate immediately, (ii) declare the Loans then outstanding to be due and payable in whole (or in part, in which case any principal not so declared to be due and payable may thereafter be declared to be due and payable),
        and thereupon the principal of the Loans so declared to be due and payable, together with accrued interest thereon and all fees and other obligations of the Borrower accrued hereunder and under the other Loan Documents, shall become due and payable
        immediately, without presentment, demand, protest or other notice of any kind, all of which are hereby waived by the Borrower; and in case of any event described in clause (h), (i) or (j) of this Article, the Commitments shall automatically
        terminate and the principal of the Loans then outstanding, together with accrued interest thereon and all fees and other obligations of the Borrower accrued hereunder and under the other Loan Documents, shall automatically become due and payable,
        without presentment, demand, protest or other notice of any kind, all of which are hereby waived by the Borrower and (iii) without notice of default or demand, pursue and enforce any of the Administrative Agent’s or the Lender’s rights and remedies
        under the Loan Document, or as otherwise provided under or pursuant to any applicable law or agreement.

      Notwithstanding anything to the contrary contained herein, on the CAM Exchange Date, to the extent not otherwise prohibited
        by law, (a) (i) the Commitments shall automatically and without further act be terminated, (ii) the Lenders shall automatically and without further act be deemed to have exchanged interests in the Designated Obligations such that, in lieu of the
        interests of each Lender in the Designated Obligations under each Loan in which it shall participate as of such date, such Lender shall own an interest equal to such Lender’s CAM Percentage in the Designated Obligations under each of the Loans,
        whether or not such Lender shall previously have participated therein, and (b) simultaneously with the deemed exchange of interests pursuant to clause (a) above, the interests in the Designated Obligations to be received in such deemed exchange
        shall, automatically and with no further action required, be converted into the Dollar

      
        
          

          

        

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      Equivalent of such amount (as of the Business Day immediately prior to the CAM Exchange Date) and on and after such date all amounts accruing and
        owed to the Lenders in respect of such Designated Obligations shall accrue and be payable in Dollars at the rate otherwise applicable hereunder.  Each Lender, each Person acquiring a participation from any Lender as contemplated by Section 9.04
        and the Borrower hereby consents and agrees to the CAM Exchange.  It is understood and agreed that the CAM Exchange, in itself, will not affect the aggregate amount of Designated Obligations owing by the Obligors.  The Borrower and the Lenders
        agree from time to time to execute and deliver to the Administrative Agent all such promissory notes and other instruments and documents as the Administrative Agent shall reasonably request to evidence and confirm the respective interests and
        obligations of the Lenders after giving effect to the CAM Exchange, and each Lender agrees to surrender any promissory notes originally received by it in connection with its Loans hereunder to the Administrative Agent against delivery of any
        promissory notes so executed and delivered; provided that the failure of the Borrower to execute or deliver or of any Lender to accept such promissory note, instrument or document shall not affect the validity or effectiveness of the CAM
        Exchange.

      As a result of the CAM Exchange, on and after the CAM Exchange Date, each payment received by the Administrative Agent pursuant
        to any Loan Document in respect of the Designated Obligations shall be distributed to the Lenders pro rata in accordance with their respective CAM Percentages (to be redetermined as of each such date of payment).  Any direct payment received by a
        Lender on or after the CAM Exchange Date, including by way of set-off, in respect of a Designated Obligation shall be paid over to the Administrative Agent for distribution to the Lenders in accordance herewith.

      SECTION 7.02.          Performance by the Administrative Agent.  Should any Obligor fail to perform any covenant, duty, or agreement
            contained herein or in any of the other Loan Documents, and such failure results in an Event of Default, the Administrative Agent may, but is not obligated to, perform or attempt to perform such covenant, duty, or agreement on behalf of such
            Obligor as long as such Event of Default is continuing. In such event, the Obligors will, at the request of the Administrative Agent promptly pay any amount expended by the Administrative Agent in such performance or attempted performance to
            the Administrative Agent at the Administrative Agent’s Account, together with interest thereon as specified in Section 2.10(d) from the date of such expenditure until paid. Notwithstanding the foregoing, it is expressly understood that neither
            the Administrative Agent nor any other Secured Party assumes any liability or responsibility for the performance of any duties of any Obligor, or any related Person hereunder or under any of the other Loan Documents or other control over the
            management and affairs of any Obligor, or any related Person, nor by any such action will the Administrative Agent or any other Secured Party be deemed to create a partnership arrangement with any Obligor or any related Person.

      
        
          

          

        

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      ARTICLE VIII          

          

          

          THE ADMINISTRATIVE AGENTAGENTS

      SECTION 8.01.          Appointment.

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

      (b)          Appointment of the
            Collateral Agent.  The Collateral Agent is hereby confirmed and reaffirmed as having been appointed as the collateral agent hereunder and under the other Loan Documents and in such capacity has been and is authorized to have all the rights
          and benefits hereunder and thereunder (including Section 9 of the Guarantee and Security Agreement), and to take such actions on its behalf and to exercise such powers as are delegated to the Collateral Agent by the terms hereof or thereof,
          together with such actions and powers as are reasonably incidental thereto.  In addition to the rights, privileges and immunities in the Guarantee and Security Agreement, the Collateral Agent has been and shall be entitled to all rights,
          privileges, immunities, exculpations and indemnities of the Administrative Agent and for such purpose each reference to the Administrative Agent in this Article VIII has been and shall be deemed to include the Collateral Agent.

      SECTION 8.02.          Capacity as Lender.  TheEach Person serving as the Administrativean Agent hereunder and under any other 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 the Administrativean Agent, and
          such Person and its Affiliates may (without having to account therefor to any other Lender) accept deposits from, lend money to, make investments in and generally engage in any kind of business with any Tennenbaum Party or any Subsidiary or other
          Affiliate of any Tennenbaum Party as if it were not the Administrativean Agent hereunder, and such Person and its
          Affiliates may accept fees and other consideration from such Tennenbaum Party or such Subsidiary or other Affiliate for services in connection with this Agreement or otherwise without having to account for the same to the other Lenders.

      SECTION 8.03.          Limitation of Duties; Exculpation. 

          The AdministrativeNo Agent shall not have any duties or
          obligations except those expressly set forth herein and in the other Loan Documents.  Without limiting the generality of the foregoing, (a) the Administrativeno Agent shall not be subject to any fiduciary or other implied duties, regardless of whether a Default has occurred and is continuing, (b) the Administrativeno Agent shall not have any duty to take any
          discretionary action or exercise any discretionary powers, except, solely in the case of the Administrative Agent, discretionary rights and powers expressly
          contemplated hereby or by the other Loan Documents that the Administrative Agent is required to exercise upon receipt of and pursuant to specific instruction in
          writing to do so delivered by the Required Lenders (or such other number or percentage of Lenders
              as is expressly provided for herein or in the other Loan Documents); provided that the Administrative Agent is not required to take any action that, in its opinion or the opinion of its counsel, may expose the Administrative Agent to
              liability or that is

      
        
          

          

        

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      contrary to any Loan Document or applicable law, including, for the avoidance
            of doubt, any action that may be in violation of the automatic stay under any Debtor Relief Law or that may effect a forfeiture, modification or termination of property of a Defaulting Lender in violation of any Debtor Relief Law,
        and (c) except as expressly set forth herein and in the other Loan Documents, the Administrativeno Agent shall not have any duty to disclose, andnor shall notany Agent be liable for the failure to disclose, any information relating to the Parent, the Borrower or any of their respective
        Subsidiaries that is communicated to or obtained by the bankany Person serving as Administrativean Agent or any of its Affiliates in any capacity.  The AdministrativeNo Agent shall not be liable for any action taken or not taken by it with the consent or at the request of the Required Lenders (or such other
        number or percentage of the Lenders as shall be expressly provided for herein or in the other Loan Documentsnecessary, or as
            such Agent shall believe in good faith shall be necessary, including under the circumstances as provided in Section 9.02 or Article VIII of this Agreement) or in the absence of its own gross negligence or willful misconduct as
        determined by a court of competent jurisdiction by a final and non-appealable judgment.  The AdministrativeNo Agent
        shall be deemed not to have knowledge of any Default unless and until written notice thereof is given to the Administrativesuch Agent by the Borrower or a Lender, and the Administrativeno Agent shall not be responsible for or have any duty to ascertain or inquire into (i) any statement, warranty or representation made in or in connection with this
        Agreement or any other Loan Document, (ii) the contents of any certificate, report or other document delivered hereunder or thereunder or in connection herewith or therewith, (iii) the performance or observance of any of the covenants, agreements
        or other terms or conditions set forth herein or therein, (iv) the validity, enforceability, effectiveness or genuineness of this Agreement, any other Loan Document or any other agreement, instrument or document, (v) the creation, perfection or
        priority of any Lien purported to be created by the Loan Documents or the value or the sufficiency of any Collateral or (vi) the satisfaction of any condition set forth in Article IV or elsewhere herein or therein, other than to confirm
        receipt of items expressly required to be delivered to the Administrativesuch Agent.  Notwithstanding anything to
        the contrary contained herein, in no event shall the Administrative Agent be liable or responsible in any way or manner for the failure to obtain or receive an IVP External Unquoted Value for any asset or for the failure to send any notice required
        under Section 5.12(b)(ii)(B)(x).

      SECTION 8.04.          Reliance.  The AdministrativeEach Agent shall be entitled to rely upon, and shall not incur any liability for relying upon, any notice,
          request, certificate, consent, statement, instrument, document or other writing (including any electronic message, Internet or intranet website posting or other distribution) believed by it to be genuine and to have been signed or sent by or on
          behalf of the proper Person.  The AdministrativeEach Agent also may rely upon any statement made to it orally or
          by telephone and believed by it to be made by or on behalf of the proper Person or Persons, and shall not incur any liability for relying thereon.  The AdministrativeIn determining compliance with any condition hereunder to the making of a Loan that by its terms must be fulfilled to the satisfaction of a Lender, the Administrative Agent may presume that such
              condition is satisfactory to such Lender unless the Administrative Agent has received notice to the contrary from such Lender prior to the making of such Loan.  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.

      
        
          

          

        

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      SECTION 8.05.          Sub-Agents.  The AdministrativeEach Agent may perform any and all its duties and exercise its rights and powers by or through any
          one or more sub-agents appointed by the Administrativesuch Agent.  The
              AdministrativeEach Agent and any such sub-agent may perform any and all its duties and exercise its rights and powers through their respective
          Related Parties.  The exculpatory provisions of the preceding paragraphs shall apply to any such sub-agent and to the Related Parties of the Administrativeany Agent and any such sub-agent, and shall apply to their respective activities in connection with the syndication of the credit facilities provided for herein as well as activities as Administrative Agent.an Agent.  No Agent is responsible for the negligence or misconduct of any sub-agents except to the extent
              that a court of competent jurisdiction determines in a final and non-appealable judgment that such Agent acted with gross negligence or willful misconduct in the selection of such sub-agents.

      SECTION 8.06.          Resignation; Successor
            Administrative Agent.  The Administrative Agent may resign at any time by notifying the Lenders and the Borrower.  Upon any such resignation, the Required Lenders shall have the right, with the consent of the Borrower not to be unreasonably
          withheld (provided that no such consent shall be required if an Event of Default has occurred and is continuing), to appoint a successor.  If no successor shall have been so appointed by the Required Lenders and shall have accepted such
          appointment within thirty (30) days after the retiring Administrative Agent gives notice of its resignation, then the retiring Administrative Agent’s resignation shall nonetheless become effective except that in the case of any collateral
          security held by the Administrative Agent on behalf of the Lenders under any of the Loan Documents, the retiring or removed Administrative Agent shall continue to hold such collateral security until such time as a successor Administrative Agent
          is appointed and (1) the retiring Administrative Agent shall be discharged from its duties and obligations hereunder and (2) the Required Lenders shall perform the duties of the Administrative Agent (and all payments and communications provided
          to be made by, to or through the Administrative Agent shall instead be made by or to each Lender directly) until such time as the Required Lenders appoint a successor agent as provided for above in this paragraph.  Upon the acceptance of its
          appointment as Administrative Agent hereunder by a successor, such successor shall succeed to and become vested with all the rights, powers, privileges and duties of the retiring (or retired) Administrative Agent and the retiring Administrative
          Agent shall be discharged from its duties and obligations hereunder (if not already discharged therefrom as provided above in this paragraph).  The fees payable by the Borrower to a successor Administrative Agent shall be the same as those
          payable to its predecessor unless otherwise agreed between the Borrower and such successor.  After the Administrative Agent’s resignation hereunder or under any other Loan
              Document, the provisions of this Article VIII and Section 9.03 shall continue in effect for its benefit in respect of any actions taken or omitted to be taken by it while it was acting as Administrative Agent.  The Collateral Agent may resign in accordance with the Guarantee and Security Agreement.

      SECTION 8.07.          Reliance by Lenders.  Each
          Lender acknowledges that it has, independently and without reliance upon the Administrativeany Agent or any other
          Lender and based on such documents and information as it has deemed appropriate, made its own credit analysis and decision to enter into this Agreement.  Each Lender also acknowledges that it will, independently and without reliance upon the Administrativeany Agent or any other Lender and based on such documents and information as it shall from time to
          time deem appropriate, continue to make its own decisions in taking or not taking action under or based upon this Agreement, any

      
        
          

          

        

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      other Loan Document or any related agreement or any document furnished hereunder or thereunder.

      SECTION 8.08.          Modifications to Loan Documents. 

          Except as otherwise provided in Section 9.02(b) or 9.02(c) with respect to this Agreement, the Administrative Agent may, with the prior consent of the Required Lenders (or such other number or percentage of Lenders as is expressly provided for herein or in the other Loan Documents) (but not otherwise), consent to any modification, supplement or waiver under any of the Loan Documents; provided
          that, without the prior consent of each Lender, the Administrativeno Agent shall not

            (except as provided herein or in the Security Documents) release all or substantially all of the Collateral or otherwise terminate all or substantially all of the Liens under any Security Document providing for collateral
          security, agree to additional obligations being secured by all or substantially all of such collateral security, or alter the relative priorities of the obligations entitled to the benefits of the Liens created under the Security Documents with
          respect to all or substantially all of the Collateral, except that no such consent shall be required, and the Administrativeeach
          Agent is hereby authorized, to release any Lien covering property that is the subject of either (x) a disposition of property permitted hereunder (which release described in this clause (x) shall be automatic and require no further action from
          any party) or (y) a disposition to which the Required Lenders (or such larger percentage of Lenders as shall be required under Section 9.02(b) or (c)) have consented.

      SECTION 8.09.          Indemnification by Lenders.  To the extent required by any applicable law, the Administrative Agent may withhold from any payment to
            any Lender an amount equivalent to any applicable withholding Tax. Without limiting the provisions of Section 2.14(a) or (c), each Lender shall, and does hereby, agree severally to indemnify the Administrative Agent, and shall make payable in
            respect thereof within 10 days after demand therefor, (i) against any and all Taxes attributable to such Lender and any and all related losses, claims, liabilities and expenses (including fees, charges and disbursements of any counsel for the
            Administrative Agent) in each case attributable to such Lender (collectively, “Tax Damages”) incurred by or asserted against the Administrative Agent by the IRS or any other Governmental Authority as a result of the failure of the
            Administrative Agent to properly withhold Tax from amounts paid to or for the account of such Lender for any reason (including because the appropriate form was not delivered or not properly executed, or because such Lender failed to notify the
            Administrative Agent of a change in circumstance that rendered the exemption from, or reduction of withholding tax ineffective) (but only to the extent that the Borrower has not already indemnified the Administrative Agent for such Taxes and
            Tax Damages and without limiting the obligation of the Borrower to do so pursuant to and in accordance with Section 2.14(c)), and (ii) Tax Damages attributable to such Lender’s failure to comply with the provisions of Section 9.04 relating to
            the maintenance of a Participant Register. A certificate as to the amount of such payment or liability delivered to any Lender by the Administrative Agent shall be conclusive absent manifest error. Each Lender hereby authorizes the
            Administrative Agent to set off and apply any and all amounts at any time owing to such Lender under this Agreement or any other Loan Document against any amount due to the Administrative Agent under this paragraph. The agreements in this
            paragraph shall survive the resignation and/or replacement of the Administrative Agent, any assignment of rights by, or the replacement of, a Lender, the termination of the Commitments and the repayment, satisfaction or discharge of all other
            obligations.

      
        
          

          

        

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      SECTION 8.098.10.          Certain ERISA Matters.

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

      (i)          such Lender is not using “plan assets” (within the meaning of Section 3(42) of ERISA or otherwise) of one or more Benefit Plans with respect to such Lender’s entrance into, participation in, administration of and performance of the Loans,
          the Commitments or this Agreement,

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

      (iii)          (A) such Lender is an investment fund managed by a “Qualified Professional Asset Manager” (within the meaning of Part VI of PTE 84-14), (B) such Qualified Professional Asset Manager made the investment decision on behalf of such Lender to
          enter into, participate in, administer and perform the Loans, the Commitments and this Agreement, (C) the entrance into, participation in, administration of and performance of the Loans, 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 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 either (1) subclause (i) in the immediately preceding clause (a) is true with respect to a Lender or (2) a Lender has provided another representation, warranty and covenant in accordance with subclause (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 not, for the avoidance of doubt, to or for the benefit of the Borrower or any other Obligor, that the Administrative Agent is not a fiduciary with respect to the assets of such Lender
          involved in such Lender’s entrance into, participation in, administration of and performance of the Loans, the Commitments and this Agreement (including in connection with the reservation or exercise of any

      
        
          

          

        

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      rights by the Administrative Agent under this Agreement, any Loan Document or any documents related to hereto or thereto).

      (c)          The
          Administrative Agent hereby informs the Lenders that the Administrative Agent is not undertaking to provide impartial investment advice, or to give advice in a fiduciary capacity, in connection with the transactions contemplated hereby, and that
          the Administrative Agent has a financial interest in the transactions contemplated hereby in that the Administrative Agent or an Affiliate thereof (i) may receive interest or other payments with respect to the Loans, the Commitments and this
          Agreement, (ii) may recognize a gain if it extended the Loans or the Commitments for an amount less than the amount being paid for an interest in the Loans 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.

      For purposes of this Section 8.098.10, the following definitions apply to each of the capitalized terms below:

      “Benefit Plan” means any of (a) an “employee benefit plan” (as defined in ERISA) that is subject to Title I of ERISA,
        (b) a “plan” as defined in and subject to Section 4975 of the Code or (c) any Person whose assets include (for purposes of ERISA Section 3(42) or otherwise for purposes of Title I of ERISA or Section 4975 of the Code) the assets of any such
        “employee benefit plan” or “plan”.

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

      SECTION 8.108.11.          Arranger and Bookrunner(a)          .  The Arranger and the Bookrunner shall not have obligations or duties whatsoever in such capacities under this Agreement or any other Loan
            Document and shall incur no liability hereunder or thereunder in such capacities, but the Arranger and the Bookrunner shall have the benefit of the indemnities provided
            for hereunder.

      SECTION 8.118.12.          Collateral Matters.

      (a)          Except with respect to the
          exercise of setoff rights in accordance with Section 9.08 or with respect to a Secured Party’s right to file a proof of claim in an insolvency proceeding, no Secured Party shall have any right individually to realize upon any of the
          Collateral or to enforce any Guarantee of the Guaranteed Obligations (as defined in the Guarantee and Security Agreement), it being understood and agreed that all powers, rights and remedies under the Loan Documents may be exercised solely by the
          Administrative Agent and/or the Collateral Agent on behalf of the Secured Parties in accordance with the terms thereof.

      (b)          In furtherance of the
          foregoing and not in limitation thereof, no arrangements in respect of any Hedging Agreement the obligations under which constitute

      
        
          

          

        

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      Hedging Agreement Obligations, will create (or be deemed to create) in favor of any Secured Party that is a party thereto any rights in connection
        with the management or release of any Collateral or of the obligations of any Obligor under any Loan Document.  By accepting the benefits of the Collateral, each Secured Party that is a party to any such arrangement in respect of Hedging Agreements
        shall be deemed to have appointed the Administrative Agent and Collateral Agent to serve as administrative agent and collateral agent, respectively, under the Loan Documents and agreed to be bound by the Loan Documents as a Secured Party
        thereunder, subject to the limitations set forth in this paragraph.

      (c)          Neither the Administrative
          Agent nor the Collateral Agent shall be responsible for or have a duty to ascertain or inquire into any representation or warranty regarding the existence, value or collectability of the Collateral, the existence, priority or perfection of the
          Administrative Agent’s or the Collateral Agent’s Lien thereon or any certificate prepared by any Obligor in connection therewith, nor shall the Administrative Agent or the Collateral Agent be responsible or liable to the Lenders or any other
          Secured Party for any failure to monitor or maintain any portion of the Collateral.

      SECTION 8.13.          Third Party Beneficiaries. The provisions of this Article VIII are solely for the benefit of the Secured Parties, and no Obligor will
            have rights as a third party beneficiary of any of such provisions.

      SECTION 8.14.          Administrative Agent 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 Borrower, the Administrative Agent (irrespective of whether the principal of any Loan will then be due and payable as herein expressed or by
            declaration or otherwise and irrespective of whether the Administrative Agent has made any demand on the Borrower) will be entitled and empowered, by intervention in such proceeding or otherwise:

      (a)          to file and prove a claim for the whole amount of the principal and interest owing and unpaid in respect of the Loans 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 Secured Parties (including any claim for the reasonable compensation, expenses, disbursements and advances of the Secured Parties
            and their respective agents and counsel and all other amounts due the Secured Parties under Section 2.09 and otherwise hereunder) allowed in such judicial proceeding; and

      (b)          to collect and receive any monies or other property payable or deliverable on any such claims and to distribute the same;

      and any custodian, receiver, assignee, trustee, liquidator, sequestrator or other similar
          official in any such judicial proceeding is hereby authorized by each Lender to make such payments to the Administrative Agent and, in the event that the Administrative Agent consents to the making of such payments directly to the Lenders, to pay
          to the Administrative Agent any amount due for the reasonable compensation, expenses, disbursements and advances of the Administrative Agent and its agents and counsel, and any other amounts due the Administrative Agent hereunder.

      
        
          

          

        

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

      SECTION 8.128.15.          Credit Bidding.  The Secured Parties hereby irrevocably authorize the Collateral Agent, at the direction of the Required Lenders, to credit bid all or any portion of the Secured Obligations (including by accepting
          some or all of the Collateral in satisfaction of some or all of the Secured Obligations pursuant to a deed in lieu of foreclosure or otherwise) and in such manner purchase (either directly or through one or more acquisition vehicles) all or any
          portion of the Collateral (a) at any sale thereof conducted under the provisions of the Bankruptcy Code, including under Sections 363, 1123 or 1129 of the Bankruptcy Code, or any similar laws in any other jurisdictions to which an Obligor is
          subject, or (b) at any other sale, foreclosure or acceptance of collateral in lieu of debt conducted by (or with the consent or at the direction of) the Collateral Agent (whether by judicial action or otherwise) in accordance with any applicable
          law and the terms of the Loan Documents.  In connection with any such credit bid and purchase, the Secured Obligations owed to the Secured Parties shall be entitled to be, and shall be, credit bid by the Collateral Agent at the direction of the
          Required Lenders on a ratable basis (with Secured Obligations with respect to contingent or unliquidated claims receiving contingent interests in the acquired assets on a ratable basis that shall vest upon the liquidation of such claims in an
          amount proportional to the liquidated portion of the contingent claim amount used in allocating the contingent interests) for the asset or assets so purchased (or for the equity interests or debt instruments of the acquisition vehicle or vehicles
          that are issued in connection with such purchase).  In connection with any such bid, (i) the Collateral Agent shall be authorized to form one or more acquisition vehicles and to assign any successful credit bid to such acquisition vehicle or
          vehicles, (ii) each of the Secured Parties’ ratable interests in the Secured Obligations which were credit bid shall be deemed without any further action under this Agreement to be assigned to such vehicle or vehicles for the purpose of closing
          such sale, (iii) the Collateral Agent shall be authorized to adopt documents providing for the governance of the acquisition vehicle or vehicles (provided that any actions by the Collateral Agent with respect to such acquisition vehicle or
          vehicles, including any disposition of the assets or equity interests thereof, shall be governed, directly or indirectly, by, and the governing documents shall provide for, control by the vote of the Required Lenders or their permitted assignees
          under the terms of this Agreement or the governing documents of the applicable acquisition vehicle or vehicles, as the case may be, irrespective of the termination of this Agreement and without giving effect to the limitations on actions by the
          Required Lenders contained in Section 9.02 of this Agreement), (iv) the Collateral Agent on behalf of such acquisition vehicle or vehicles shall be authorized to issue to each of the Secured Parties, ratably on account of the relevant
          Secured Obligations which were credit bid, interests, whether as equity, partnership, limited partnership interests or membership interests, in any such acquisition vehicle and/or debt instruments issued by such acquisition vehicle, all without
          the need for any Secured Party or acquisition vehicle to take any further action, and (v) to the extent that Secured Obligations that are assigned to an acquisition vehicle are not used to acquire Collateral for any reason (as a result of another
          bid being higher or better, because the amount of Secured Obligations assigned to the acquisition vehicle exceeds the amount of Secured Obligations credit bid by the acquisition vehicle or otherwise), such Secured Obligations shall automatically
          be reassigned to the Secured Parties pro rata with their original interest in such Secured Obligations and the equity

      
        
          

          

        

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      interests and/or debt instruments issued by any acquisition vehicle on account of such Secured Obligations shall automatically be cancelled,
        without the need for any Secured Party or any acquisition vehicle to take any further action.  Notwithstanding that the ratable portion of the Secured Obligations of each Secured Party are deemed assigned to the acquisition vehicle or vehicles as
        set forth in clause (ii) above, each Secured Party shall execute such documents and provide such information regarding the Secured Party (and/or any designee of the Secured Party which will receive interests in or debt instruments issued by
        such acquisition vehicle) as the Collateral Agent may reasonably request in connection with the formation of any acquisition vehicle, the formulation or submission of any credit bid or the consummation of the transactions contemplated by such
        credit bid.

      SECTION 8.138.16.          Non-Extending Lenders. The Administrative Agent may treat any Revolving Loans and Revolving Credit Exposure of the Non-Extending Lenders that are outstanding at any time on or after the Non-Extended Revolver
          Termination Date as a distinct Class of Revolving Loans and Revolving Credit Exposure from any outstanding Commitments, Loans and Credit Exposure of the Extending Lenders; provided that any such treatment is solely for administrative purposes and
          will not affect any Lender’s rights or obligations hereunder.

      SECTION 8.17.          Non-Receipt of Funds by Administrative Agent; Erroneous Payments.

      (a)          If the Administrative Agent notifies a Lender or Secured Party, or any Person who has received funds on behalf of a Lender or Secured Party (any such Lender,
            Secured Party or other recipient, a “Payment Recipient”) that the Administrative Agent has determined in its sole discretion (whether or not after receipt of any notice under immediately succeeding clause (b)) that any funds received by such
            Payment Recipient from the Administrative Agent or any of its Affiliates were erroneously transmitted to, or otherwise erroneously or mistakenly received by, such Payment Recipient (whether or not known to such Lender, Secured Party or other
            Payment Recipient on its behalf)  (any such funds, whether received as a payment, prepayment or repayment of principal, interest, fees, distribution or otherwise, individually and collectively, an “Erroneous Payment”) and demands the return of
            such Erroneous Payment (or a portion thereof), such Erroneous Payment shall at all times remain the property of the Administrative Agent and shall be segregated by the Payment Recipient and held in trust for the benefit of the Administrative
            Agent, and such Lender or Secured Party shall (or, with respect to any Payment Recipient who received such funds on its behalf, shall cause such Payment Recipient to) promptly, but in no event later than two Business Days thereafter, return to
            the Administrative Agent the amount of any such Erroneous Payment (or portion thereof) as to which such a demand was made, in same day funds (in the currency so received), together with interest thereon in respect of each day from and including
            the date such Erroneous Payment (or portion thereof) was received by such Payment Recipient to the date such amount is repaid to the Administrative Agent in same day funds at the greater of the Federal Funds Effective Rate and a rate determined
            by the Administrative Agent in accordance with banking industry rules on interbank compensation from time to time in effect. A notice of the Administrative Agent to any Payment Recipient under this clause (a) shall be conclusive, absent
            manifest error.

      (b)          Without limiting immediately preceding clause (a), each Lender or Secured Party, or any Person who has received funds on behalf of a Lender or Secured Party
            such Lender,

      
        
          

          

        

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      hereby further agrees that if it receives a payment, prepayment or repayment (whether
          received as a payment, prepayment or repayment of principal, interest, fees, distribution or otherwise) from the Administrative Agent (or any of its Affiliates) (x) that is in a different amount than, or on a different date from, that specified
          in a notice of payment, prepayment or repayment sent by the Administrative Agent (or any of its Affiliates) with respect to such payment, prepayment or repayment, (y) that was not preceded or accompanied by a notice of payment, prepayment or
          repayment sent by the Administrative Agent (or any of its Affiliates), or (z) that such Lender or Secured Party, or other such recipient, otherwise becomes aware was transmitted, or received, in error or by mistake (in whole or in part) in each
          case:

      (i)          (A) in the case of immediately preceding clauses (x) or (y), an error shall be presumed to have been made (absent written confirmation
            from the Administrative Agent to the contrary) or (B) an error has been made (in the case of immediately preceding clause (z)), in each case, with respect to such payment, prepayment or repayment; and

      (ii)          such Lender or Secured Party shall (and shall cause any other recipient that receives funds on its respective behalf to) promptly (and,
            in all events, within one Business Day of its knowledge of such error) notify the Administrative Agent of its receipt of such payment, prepayment or repayment, the details thereof (in reasonable detail) and that it is so notifying the
            Administrative Agent pursuant to this Section 8.17(b).

      (c)          Each Lender or Secured Party hereby authorizes the Administrative Agent to set off, net and apply any and all amounts at any time owing to such Lender or
            Secured Party under any Loan Document, or otherwise payable or distributable by the Administrative Agent to such Lender or Secured Party from any source, against any amount due to the Administrative Agent under immediately preceding clause (a)
            or under the indemnification provisions of this Agreement.

      (d)          In the event that an Erroneous Payment (or portion thereof) is not recovered by the Administrative Agent for any reason, after demand therefor by the
            Administrative Agent in accordance with immediately preceding clause (a), from any Lender that has received such Erroneous Payment (or portion thereof) (and/or from any Payment Recipient who received such Erroneous Payment (or portion thereof)
            on its respective behalf)  (such unrecovered amount, an “Erroneous Payment Return Deficiency”), upon the Administrative Agent’s notice to such Lender or Issuing Lender at any time, (i) such Lender shall be deemed to have assigned its Loans (but
            not its Commitments) of the relevant Class with respect to which such Erroneous Payment was made (the “Erroneous Payment Impacted Class”) in an amount equal to the Erroneous Payment Return Deficiency (or such lesser amount as the Administrative
            Agent may specify) (such assignment of the Loans (but not Commitments) of the Erroneous Payment  Impacted Class, the “Erroneous Payment Deficiency Assignment”) at par plus any accrued and unpaid interest (with the assignment fee to be waived by
            the Administrative Agent in such instance), and is hereby (together with the Borrower) deemed to execute and deliver an Assignment and Assumption (or, to the extent applicable, an agreement incorporating an Assignment and Assumption by
            reference pursuant to an Approved Electronic Platform as to which the Administrative Agent and such parties are participants) with respect to such Erroneous Payment Deficiency Assignment, and such Lender shall deliver any Notes evidencing such
            Loans to the Borrower or the Administrative Agent, (ii)

      
        
          

          

        

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      the Administrative Agent as the assignee Lender shall be deemed to acquire the Erroneous
          Payment Deficiency Assignment, (iii) upon such deemed acquisition, the Administrative Agent as the assignee Lender shall become a Lender hereunder with respect to such Erroneous Payment Deficiency Assignment and the assigning Lender shall cease
          to be a Lender hereunder with respect to such Erroneous Payment Deficiency Assignment, excluding, for the avoidance of doubt, its obligations under the indemnification provisions of this Agreement and its applicable Commitments which shall
          survive as to such assigning Lender and (iv) the Administrative Agent may reflect in the Register its ownership interest in the Loans subject to the Erroneous Payment Deficiency Assignment. The Administrative Agent may, in its discretion, sell
          any Loans acquired pursuant to an Erroneous Payment Deficiency Assignment and upon receipt of the proceeds of such sale, the Erroneous Payment Return Deficiency owing by the applicable Lender shall be reduced by the net proceeds of the sale of
          such Loan (or portion thereof), and the Administrative Agent shall retain all other rights, remedies and claims against such Lender (and/or against any recipient that receives funds on its respective behalf). For the avoidance of doubt, no
          Erroneous Payment Deficiency Assignment will reduce the Commitments of any Lender and such Commitments shall remain available in accordance with the terms of this Agreement.  In addition, each party hereto agrees that, except to the extent that
          the Administrative Agent has sold a Loan (or portion thereof) acquired pursuant to an Erroneous Payment Deficiency Assignment, and irrespective of whether the Administrative Agent may be equitably subrogated, the Administrative Agent shall be
          contractually subrogated to all the rights and interests of the applicable Lender or Secured Party under the Loan Documents with respect to each Erroneous Payment Return Deficiency (the “Erroneous Payment Subrogation Rights”).

      (e)          The parties hereto agree that an Erroneous Payment shall not pay, prepay, repay, discharge or otherwise satisfy any Obligations owed by the Borrower or any
            other Loan Party, except, in each case, to the extent such Erroneous Payment is, and solely with respect to the amount of such Erroneous Payment that is, comprised of funds received by the Administrative Agent from the Borrower or any other
            Loan Party for the purpose of making such Erroneous Payment.

      (f)          To the extent permitted by applicable law, no Payment Recipient shall assert any right or claim to an Erroneous Payment, and hereby waives, and is deemed to
            waive, any claim, counterclaim, defense or right of set-off or recoupment with respect to any demand, claim or counterclaim by the Administrative Agent for the return of any Erroneous Payment received, including without limitation waiver of any
            defense based on “discharge for value” or any similar doctrine.

      (g)          Each party’s obligations, agreements and waivers under this Section 8.17 shall survive the resignation or replacement of the Administrative Agent, any transfer of
            rights or obligations by, or the replacement of, a Lender, the termination of the Commitments and/or the repayment,
            satisfaction or discharge of all Obligations (or any portion thereof) under any Loan Document.

      
        
          

          

        

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      ARTICLE IX          

          

          

          MISCELLANEOUS

      SECTION 9.01.          Notices; Electronic Communications.

      (a)          Notices Generally. 
          Except in the case of notices and other communications expressly permitted to be given by telephone, all notices and other communications provided for herein shall be (A) in writing and delivered by hand or overnight courier service or mailed by
          certified or registered mail, or (B) in the case of notices and other communications (x) solely among the Administrative Agent, the Collateral Agent, any Lender and/or any Secured Party, (y) given by the Administrative Agent to the Obligor that
          are solely administrative in nature (which, for the avoidance of doubt, shall not include any notice or other communications with respect to the subject-matter contained in Article VII of this Agreement, Section 8 of the Guarantee
          and Security Agreement, or otherwise in connection with any purported Default, Event of Default or exercise of remedies, which notices and other communications shall be delivered pursuant to clause (A) above); provided that to the extent
          that any notice or other communication is first provided by the Administrative Agent to the Obligor by telecopy or e-mail, such notice or other communication shall be deemed to be received (and shall be deemed to be sufficient notice for all
          purposes under this Agreement and the other Loan Documents) upon the sender’s receipt of an acknowledgment from the intended recipient (such as by the “return receipt requested” function, as available, return e-mail or other written
          acknowledgment, and no additional physical delivery pursuant to clause (A) above shall be required or (z) given by an Obligor, sent by telecopy or to the extent permitted by Section 9.01(b) or otherwise herein, e-mail, as follows:

      (i)          if to the
          Borrower, to it at:

      Special Value Continuation Partners LLC

      2951 28th Street, Suite 1000

      Santa Monica, CA 90405

      Attention:  Howard M. Levkowitz, CEO

      Telephone:  (310) 566-1004

      Facsimile: (310) 566-1010

      E-Mail: howard@tennenco.com

      

      

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

      

      

      Tennenbaum Capital Partners, LLC

        2951 28th Street, Suite 1000

      Santa Monica, CA 90405

      Attention: Elizabeth Greenwood, Managing Director

      Telephone: (310) 566-1043

      Facsimile: (310) 921-5614

      E-Mail: liz.greenwood@tennenbaumcapital.com

      

      

      (ii)          if to
          the Administrative Agent, to it at:

      
        
          

          

        

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      ING Capital LLC

        1133 Avenue of the Americas

        New York, New York 10036

        Attention:  Dominik Breuer

        Telephone:  (646) 424-6269

        Facsimile:  (646) 424-6919

      E-Mail:  DLNYCLoanAgencyTeam@ing.com;

      Dominik.Breuer@ing.com

      

      

      with a copy, which shall not constitute notice, to:

        

      

      Dechert LLP

        1095 Avenue of the Americas

        New York, New York 10036

        Attention:  Jay R. Alicandri, Esq.

        Telephone:  (212) 698-3800

        Facsimile:  (212) 698-3599

      E-Mail:  jay.alicandri@dechert.com

      

      

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

      Any party hereto may change its address, telecopy number or e-mail address for notices and other communications hereunder by
        notice to the other parties hereto.  All notices and other communications given to any party hereto in accordance with the provisions of this Agreement shall be deemed to have been given on the date of receipt.  Notices delivered through electronic
        communications to the extent provided in paragraph (b) below, shall be effective as provided in said paragraph (b).

      (b)          Electronic Communications. 

          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 2.03 if such Lender has notified the Administrative Agent that it is incapable of receiving notices under such Article 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, (i) 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); provided that if such notice or
        other communication is not sent during the normal business hours of the recipient, such notice or communication shall be deemed to have been sent at the opening of business on the next Business Day, and (ii) notices or communications posted to an
        Internet or intranet website shall be deemed received upon the deemed receipt by the intended recipient at its e-mail address as

      
        
          

          

        

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      described in the foregoing clause (i) of notification that such notice or communication is available and identifying the website address therefor.

      (c)          Posting of Communications.

      (i)          For so
          long as DebtdomainTM or an equivalent website is available to each of the Lenders hereunder, the Borrower may satisfy its obligation to deliver documents to the Administrative Agent or the Lenders under Section 5.01 by delivering one hard
          copy thereof to the Administrative Agent or either an electronic copy or a notice identifying the website where such information is located for posting by the Administrative Agent on DebtdomainTM or such equivalent website; provided that
          the Administrative Agent shall have no responsibility to maintain access to DebtdomainTM or an equivalent website

      (ii)          The
          Obligors agree that the Administrative Agent may, but shall not be obligated to, make any Communications (as defined below) available to the Lenders by posting the Communications on IntraLinksTM, DebtdomainTM, SyndTrak, ClearPar or any other
          electronic platform chosen by the Administrative Agent to be its electronic transmission system (the “Approved Electronic Platform”).

      (iii)          Although

          the Approved Electronic Platform and its primary web portal are secured with generally-applicable security procedures and policies implemented or modified by the Administrative Agent from time to time (including, as of the Restatement Effective
          Date, a user ID/password authorization system) and the Approved Electronic Platform is secured through a per-deal authorization method whereby each user may access the Approved Electronic Platform only on a deal-by-deal basis, each of the Lenders
          and each of the Obligors acknowledges and agrees that the distribution of material through an electronic medium is not necessarily secure, that the Administrative Agent is not responsible for approving or vetting the representatives or contacts
          of any Lender that are added to the Approved Electronic Platform, and that there are confidentiality and other risks associated with such distribution.  Each of the Lenders and each Obligor hereby approves distribution of the Communications
          through the Approved Electronic Platform and understands and assumes the risks of such distribution.

      (iv)          THE
          APPROVED ELECTRONIC PLATFORM AND THE COMMUNICATIONS ARE PROVIDED “AS IS” AND “AS AVAILABLE”.  THE APPLICABLE PARTIES (AS DEFINED BELOW) DO NOT WARRANT THE ACCURACY OR COMPLETENESS OF THE COMMUNICATIONS, OR THE ADEQUACY OF THE APPROVED ELECTRONIC
          PLATFORM AND EXPRESSLY DISCLAIM LIABILITY FOR ERRORS OR OMISSIONS IN THE APPROVED ELECTRONIC PLATFORM AND THE COMMUNICATIONS.  NO WARRANTY OF ANY KIND, EXPRESS, IMPLIED OR STATUTORY, INCLUDING ANY WARRANTY OF MERCHANTABILITY, FITNESS FOR A
          PARTICULAR PURPOSE, NON-INFRINGEMENT OF THIRD PARTY RIGHTS OR FREEDOM FROM VIRUSES OR OTHER CODE DEFECTS, IS MADE BY THE APPLICABLE PARTIES IN CONNECTION WITH THE COMMUNICATIONS OR THE APPROVED ELECTRONIC PLATFORM.  IN NO EVENT SHALL THE
          ADMINISTRATIVE AGENT, ANY ARRANGER, ANY BOOKRUNNER OR ANY OF THEIR

      
        
          

          

        

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      RESPECTIVE RELATED PARTIES (COLLECTIVELY, “APPLICABLE PARTIES”) HAVE ANY LIABILITY TO ANY OBLIGOR, ANY LENDER OR ANY
        OTHER PERSON OR ENTITY FOR DAMAGES OF ANY KIND, INCLUDING DIRECT OR INDIRECT, SPECIAL, INCIDENTAL OR CONSEQUENTIAL DAMAGES, LOSSES OR EXPENSES (WHETHER IN TORT, CONTRACT OR OTHERWISE) ARISING OUT OF ANY OBLIGOR’S OR THE ADMINISTRATIVE AGENT’S
        TRANSMISSION OF COMMUNICATIONS THROUGH THE INTERNET OR THE APPROVED ELECTRONIC PLATFORM.

      (v)          Each
          Lender agrees that notice to it (as provided in the next sentence) specifying that Communications have been posted to the Approved Electronic Platform shall constitute effective delivery of the Communications to such Lender for purposes of the
          Loan Documents; provided that the foregoing shall not apply to notices to any Lender pursuant to Section 2.03 if such Lender has notified the Administrative Agent that it is incapable of receiving notices under such Article by
          electronic communication.  Each Lender agrees (A) to notify the Administrative Agent in writing (which could be in the form of electronic communication) from time to time of such Lender’s email address to which the foregoing notice may be sent by
          electronic transmission and (B) that the foregoing notice may be sent to such email address.

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

      (vii)          Nothing
          herein shall prejudice the right of the Administrative 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.

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

      SECTION 9.02.          Waivers; Amendments.

      (a)          No Deemed Waivers; Remedies
            Cumulative.  No failure or delay by the Administrative Agent or any Lender in exercising any right or power hereunder shall operate as a waiver thereof nor shall any single or partial exercise of any such right or power, or any abandonment
          or discontinuance of steps to enforce such a right or power, preclude any other or further exercise thereof or the exercise of any other right or power.  The rights and remedies of the Administrative Agent and the Lenders hereunder are cumulative
          and are not exclusive of any rights or remedies that they would otherwise have.  No waiver of any provision of this Agreement or consent to any departure by the Borrower therefrom shall in any event be effective unless the same shall be permitted
          by paragraph (b) of this Section, and then such waiver or consent shall be

      
        
          

          

        

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      effective only in the specific instance and for the purpose for which given.  Without limiting the generality of the foregoing, the making of a
        Loan shall not be construed as a waiver of any Default, regardless of whether the Administrative Agent or any Lender may have had notice or knowledge of such Default at the time.

      (b)          Amendments to this
            Agreement.  Neither this Agreement nor any provision hereof may be waived, amended or modified except pursuant to an agreement or agreements in writing entered into by the Borrower and the Required Lenders or by the Borrower and the
          Administrative Agent with the consent of the Required Lenders; provided that, subject to Section 2.16(b), no such agreement shall

      (i)          increase
          the Commitment of any Lender without the written consent of such Lender,

      (ii)          reduce
          the principal amount of any Loan or reduce the rate of interest thereon, or reduce any fees payable hereunder, without the written consent of each Lender directly affected thereby,

      (iii)          postpone

          the scheduled date of payment of the principal amount of any Loan, or any interest thereon, or any fees or other amounts payable to a Lender hereunder, or reduce the amount or waive or excuse any such payment, or postpone the scheduled date of
          expiration of any Commitment, without the written consent of each Lender directly affected thereby,

      (iv)          change Sections

            2.06(b) or (d), 2.08(e) or 2.15(b), (c) or (d) (or other sections referred to therein to the extent relating to pro rata payments) in a manner that would alter the pro rata reduction of commitments,
          sharing of payments, or making of disbursements, required thereby without the written consent of each Lender directly affected thereby,

      (v)          change
          any of the provisions of this Section or the percentage in the definition of the term “Required Lenders” or any other provision hereof specifying the number or percentage of Lenders required to waive, amend or modify any rights hereunder or make
          any determination or grant any consent hereunder, without the written consent of each Lender,

      (vi)          change
          any of the provisions of the definition of the term “Agreed Foreign Currency” or any other provision hereof specifying the Foreign Currencies in which each Multicurrency Lender must make Multicurrency Loans, or make any determination or grant any
          consent hereunder with respect to the definition of “Agreed Foreign Currencies” without the written consent of each Multicurrency Lender, or

      (vii)          permit
          the assignment or transfer by any Obligor of any of its rights or obligations under any Loan Document without the consent of each Lender; or

      (viii)          agree to the direct or indirect subordination of any lien or claim securing the Obligations in connection with this Agreement;

      
        
          

          

        

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      provided, further, that (x) no such agreement shall amend, modify or otherwise affect the rights or duties of the Administrativeany Agent hereunder without the prior written consent of the Administrativesuch affected Agent, and (y) the consent of Lenders holding not less than two-thirds of the total Revolving Credit Exposures and unused Commitments will be required for 
        (A) any change adverse to the Lenders affecting the provisions of this Agreement relating to the Borrowing Base (including the definitions used therein), or the provisions of Section 5.12(b)(ii), and (B) any release of any material portion
        of the Collateral other than for fair value or as otherwise permitted hereunder or under the other Loan Documents.

      Anything in this Agreement to the contrary notwithstanding, no waiver or modification of any provision of this Agreement or any other Loan
        Document that could reasonably be expected to adversely affect the Lenders of any Class in a manner that does not affect all Classes equally shall be effective against the Lenders of such Class unless the Required Lenders of such Class shall have
        concurred with such waiver, amendment or modification as provided above; provided, however, for the avoidance of doubt, in no other circumstances shall the concurrence of the Required Lenders of a particular Class be required for
        any waiver, amendment or modification of any provision of this Agreement or any other Loan Document.  Anything in this Agreement to the contrary notwithstanding, this Agreement may be amended by the Borrower with the consent of the Administrative
        Agent and any Non-Extending Lender (but without the consent of any other Lender) for the sole purpose of extending the Commitments of such Non-Extending Lender so that such Non-Extending Lender becomes an Extending Lender hereunder.  Any
        Non-Extending Lender that has had all of its obligations under this Agreement and each other Loan Document paid in full shall cease to be a Lender under the Loan Documents following the earlier to occur of (i) the Non-Extended Maturity Date and
        (ii) the termination of such Non-Extending Lender’s Commitment in its entirety pursuant to Section 2.06(f), except with respect to any provision applicable to such Non-Extending Lender that expressly survives the termination of a Loan
        Document.

      (c)          Amendments to Security
            Documents.  No Security Document nor any provision thereof may be waived, amended or modified, except to the extent otherwise expressly contemplated by the Guarantee and Security Agreement or the Custodial and Account Control Agreement, as
          applicable, and the Liens granted under the Guarantee and Security Agreement may not be spread to secure any additional obligations (including any increase in Loans hereunder, but excluding any such increase pursuant to a Commitment Increase
          under Section 2.06(e)) except to the extent otherwise expressly contemplated by the Guarantee and Security Agreement and except pursuant to an agreement or agreements in writing entered into by the
          Borrower, and by the Collateral Agent with the consent of the Required Lenders; provided that, subject to Section 2.16(b), (i) without the written consent of the holders exceeding 67% of the total Revolving Credit Exposures and
          unused Commitments, no such waiver, amendment or modification to the Guarantee and Security Agreement shall (A) release any Obligor representing more than 10% of the Stockholders’ Equity from its obligations under the Security Documents, (B)
          release any guarantor representing more than 10% of the Stockholders’ Equity under the Guarantee and Security Agreement from its guarantee obligations thereunder, or (C) amend the definition of “Collateral” under the Security Documents (except to
          add additional collateral) and (ii) without the written consent of each Lender, no such agreement shall (W) release all or substantially all of the Obligors from their respective obligations under the Security Documents, (X) release all or
          substantially all of the collateral security or otherwise terminate all or substantially all of the Liens

      
        
          

          

        

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      under the Security Documents, (Y) release all or substantially all of the guarantors under the Guarantee and Security Agreement from their
        guarantee obligations thereunder, or (Z) alter the relative priorities of the obligations entitled to the Liens created under the Security Documents (except in connection with securing additional obligations equally and ratably with the Loans and
        other obligations hereunder) with respect to the collateral security provided thereby, including pursuant to Section 8.06 of the Guarantee and Security Agreement; except that no such consent described in clause (i) or (ii) above shall be required,
        and the Administrative Agent is hereby authorized (and so agrees with the Borrower) to direct the Collateral Agent under the Guarantee and Security Agreement, to release any Lien covering property (and to release any such guarantor) that is the
        subject of either a disposition of property permitted hereunder or a disposition to which the Required Lenders (or the required number or percentage of Lenders as is expressly provided for herein or in the other Loan Documents) have consented, or otherwise in accordance with Section 9.15.

      (d)          Replacement of
            Non-Consenting Lender.  If, in connection with any proposed amendment, waiver or consent requiring (i) the consent of “each Lender” or “each Lender affected thereby,” or (ii) the consent of “two-thirds of the holders of the total Revolving
          Credit Exposures and unused Commitments”, the consent of the Required Lenders is obtained, but the consent of other necessary Lenders is not obtained (any such Lender whose consent is necessary but not obtained being referred to herein as a “Non-Consenting

            Lender”), then the Borrower shall have the right, at its sole cost and expense, to replace each such Non-Consenting Lender or Lenders with one or more replacement Lenders pursuant to Section 2.17(b) so long as at the time of such
          replacement, each such replacement Lender consents to the proposed change, waiver, discharge or termination.

      (e)          Ambiguity, Omission,
            Mistake or Typographical Error.  Notwithstanding the foregoing, if the Administrative Agent and the Borrower acting together identify any ambiguity, omission, mistake, typographical error or other defect in any provision of this Agreement
          or any other Loan Document, then the Administrative Agent and the Borrower shall be permitted to amend, modify or supplement such provision to cure such ambiguity, omission, mistake, typographical error or other defect, and such amendment shall
          become effective without any further action or consent of any other party to this Agreement.

      SECTION 9.03.          Expenses;
            Indemnity; Damage Waiver.

      (a)          Costs and Expenses. The
          Borrower shall pay (i) all reasonable and documented out-of-pocket fees, costs and expenses incurred by the Administrative Agent, the Collateral Agent and their Affiliates, including the reasonable fees, charges and disbursements of one outside
          counsel and of any necessary special and/or local counsel for the Administrative Agent and the Collateral Agent collectively (other than the allocated costs of internal counsel), in connection with the syndication of the credit facilities
          provided for herein, the preparation and administration (other than internal overhead charges) of this Agreement and the other Loan Documents and any amendments, modifications or waivers of the provisions hereof or thereof (whether or not the
          transactions contemplated hereby or thereby shall be consummated), including all costs and expenses of the Independent Valuation Provider, (ii) all out-of-pocket fees, costs and expenses incurred by the Administrative Agent, the Collateral Agent
          or any Lender, including fees, charges and disbursements of any counsel for the Administrative Agent, the Collateral Agent or

      
        
          

          

        

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      any Lender, in connection with the enforcement or protection of its rights in connection with this Agreement and the other Loan Documents,
        including its rights under this Section, or in connection with the Loans made, including all such out-of-pocket expenses incurred during any workout, restructuring or negotiations in respect thereof and (iii) all reasonable and documented
        out-of-pocket costs, expenses, taxes, assessments and other charges incurred in connection with any filing, registration, recording or perfection of any security interest contemplated by any Security Document or any other document referred to
        therein.

      (b)          Indemnification by the
            Borrower.  The Borrower shall indemnify the Administrativeeach Agent and each Lender, and each Related
          Party of any of the foregoing Persons (each such Person being called an “Indemnitee”) against, and hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities and related expenses (other than Taxes or Other Taxes
          which shall only be indemnified by the Borrower to the extent provided in Section 2.14), including the reasonable and documented fees, charges and disbursements of any counsel for any Indemnitee (other than the allocated costs of internal
          counsel), incurred by or asserted against any Indemnitee arising out of, in connection with, or as a result of (i) the execution or delivery of this Agreement or any agreement or instrument contemplated hereby, the performance by the parties
          hereto of their respective obligations hereunder or the consummation of the Transactions or any other transactions contemplated hereby (including any arrangement entered into with an Independent Valuation Provider), (ii) any Loan or the use of
          the proceeds therefrom or (iii) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory and whether brought by the Borrower, any Indemnitee or
          a third party and regardless of whether any Indemnitee is a party thereto; provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such losses, claims, damages, liabilities or related expenses (x) are
          determined by a court of competent jurisdiction by final and non-appealable judgment to have resulted from the willful misconduct or gross negligence of such Indemnitee, (y) result from a claim brought by the Borrower against an Indemnitee for
          material breach in bad faith of such Indemnitee’s obligations hereunder or under any other Loan Document, if the Borrower has obtained a final and non-appealable judgment in its favor on such claim as determined by a court of competent
          jurisdiction or (z) result from a claim not involving an act or omission of the Borrower and that is brought by an Indemnitee against another Indemnitee (other than against the arranger or the Administrative Agent in their capacities as such).

      The Borrower shall not be liable to any Indemnitee for any special, indirect, consequential or punitive damages (as opposed to
        direct or actual damages (other than in respect of any such damages incurred or paid by an Indemnitee to a third party)) arising out of, in connection with, or as a result of the Transactions asserted by an Indemnitee against the Borrower or any
        other Obligor; provided that the foregoing limitation shall not be deemed to impair or affect the obligations of the Borrower under the preceding provisions of this subsection.

      (c)          Reimbursement by Lenders. 

          To the extent that the Borrower fails to pay any amount required to be paid by it to the Administrativeany Agent
          under paragraph (a) or (b) of this Section (and without limiting its obligation to do so), each Lender severally agrees to pay to the Administrativesuch Agent, as the case may be, its ratable portion (in accordance with such Lender’s respective Commitments) of such unpaid amount; provided that the unreimbursed expense or indemnified
          loss, claim, damage, liability or related expense, as the case may be, was

      
        
          

          

        

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      incurred by or asserted against the Administrativesuch Agent in its capacity as such or against any Related Party of any of the foregoing acting for any Agent (or any sub-agent) in
            connection with such capacity.

      (d)          Waiver of Consequential
            Damages, Etc.  To the extent permitted by applicable law, the Borrower shall not assert, and hereby waives, any claim against any Indemnitee, on any theory of liability, for special, indirect, consequential or punitive damages (as opposed
          to direct or actual damages) arising out of, in connection with, or as a result of, this Agreement or any agreement or instrument contemplated hereby, the Transactions, any Loan or the use of the proceeds thereof.  No Indemnitee shall be liable
          for any damages arising from the use of unintended recipients of any information or other materials distributed by it through telecommunications, electronic or other information transmission systems in connection with this Agreement or the other
          Loan Documents or the transactions contemplated hereby or thereby, except to the extent caused by the willful misconduct or gross negligence of such Indemnitee, as determined by a final, non-appealable judgment of a court of competent
          jurisdiction.

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

      (f)          No Fiduciary Relationship.
          The AdministrativeEach Agent, each Lender and their respective Affiliates (collectively, solely for purposes of
          this paragraph, the “Lenders”) may have economic interests that conflict with those of one or more of the Tennenbaum Parties or any of their respective Subsidiaries, their equity holders and/or their affiliates. The Borrower, on behalf of itself,
          the other Tennenbaum Parties and each of their respective Subsidiaries, agrees that nothing in the Loan Documents or otherwise will be deemed to create an advisory, fiduciary or agency relationship or fiduciary or other implied duty between the
          Lender, on the one hand, and any Tennenbaum Party or any of their respective Subsidiaries, equity holders or affiliates, on the other hand.  The Borrower, on behalf of itself, the other Tennenbaum Parties and each of their respective
          Subsidiaries, acknowledges and agrees that (i) the transactions contemplated by the Loan Documents (including the exercise of rights and remedies hereunder and thereunder) are arm’s-length commercial transactions between the Lenders, on the one
          hand, and the Borrower and its Subsidiaries, on the other hand, and (ii) in connection therewith and with the process leading thereto, (x) except as otherwise expressly provided

          in any of the Loan Documents, no Lender has assumed an advisory or fiduciary responsibility in favor of any Tennenbaum Party or any of their respective Subsidiaries, any of their stockholders orequity holders or affiliates (irrespective of whether any Lender has advised, is currently advising or will advise any Tennenbaum Party or any of their respective
          Subsidiaries, their equity holders or their affiliates on other matters) and (y) each Lender is acting hereunder solely as principal and not as the agent or fiduciary of any Tennenbaum Party or any of their respective Subsidiaries, their
          management or, their equity holders or any
              other Person. The Borrower, on behalf of itself and the other Obligors, acknowledges and agrees that 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 such transactions and the process leading thereto. The Borrower, on behalf of itself and the other Obligors, agrees
          that it will not claim that any Lender has rendered advisory services hereunder of any nature or respect, or owes a fiduciary duty to it or any of its Subsidiaries, in each case, in connection with such transactions contemplated hereby or the
          process leading thereto.

      
        
          

          

        

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      SECTION 9.04.          Successors and Assigns.

      (a)          Assignments Generally. 
          The provisions of this Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns permitted hereby, except that (i) the Borrower may not assign or otherwise transfer any of its
          rights or obligations hereunder without the prior written consent of each Lender (and any attempted assignment or transfer by the Borrower without such consent shall be null and void) and (ii) no Lender may assign or otherwise transfer any of its
          rights or obligations hereunder except in accordance with this Section (and any attempted assignment or transfer by any Lender which is not in accordance with this Section shall be treated as provided in the last sentence of Section
            9.04(b)(iii)).  Nothing in this Agreement, expressed or implied, shall be construed to confer upon any Person (other than the parties hereto, their respective successors and assigns permitted hereby and, to the extent expressly contemplated
          hereby, the Related Parties of each of the Administrative Agent and the Lenders) any legal or equitable right, remedy or claim under or by reason of this Agreement.

      (b)          Assignments by Lenders.

      (i)          Assignments

            Generally.  Subject to the conditions set forth in clause (ii) below, any Lender may assign to one or more assignees all or a portion of its rights and obligations under this Agreement (including all or a portion of its Commitment and the
          Loans at the time owing to it) with the prior written consent (such consent not to be unreasonably withheld, conditioned or delayed) of:

      (A)          the Borrower; provided
          that (i) no consent of the Borrower shall be required for an assignment to a Lender or an Affiliate of a Lender (x) having a rating of “A3” by Moody’s or “A-” by S&P, (y) being of substantially equivalent creditworthiness to an entity having
          a rating of “A3” by Moody’s or “A-” by S&P (as reasonably determined by the Borrower) or (z) being of substantially equivalent creditworthiness to the applicable assignor (as reasonably determined by the Borrower), or, if an Event of Default
          has occurred and is continuing, any other assignee, and (ii) the Borrower shall be deemed to have consented to any such assignment unless it shall object thereto by written notice to the Administrative Agent within ten (10) Business Days after
          having received written notice thereof; and

      

      

      (B)          the Administrative Agent; provided
          that no consent of the Administrative Agent shall be required for an assignment by a Lender to a Lender or an Affiliate of a Lender with prior written notice by such assigning Lender to the Administrative Agent.

      

      

      (ii)          Certain

            Conditions to Assignments.  Assignments shall be subject to the following additional conditions:

      (A)          except in
          the case of an assignment to a Lender or an Affiliate of a Lender or an assignment of the entire remaining amount of the assigning Lender’s Commitment or Loans, the amount of the Commitment or Loans of the assigning

      
        
          

          

        

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      Lender subject to each such assignment (determined as of the date the Assignment and Assumption with respect to such assignment
        is delivered to the Administrative Agent) shall not be less than $1,000,000 unless each of the Borrower and the Administrative Agent otherwise consent; provided that no such consent of the Borrower shall be required if an Event of Default
        has occurred and is continuing;

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

      (C)          (i) the parties to each assignment shall execute and deliver to the Administrative Agent an Assignment and Assumption in substantially the form of Exhibit A hereto, together with a
          processing and recordation fee of $3,500 (which fee shall not be payable in connection with an assignment to a Lender or to an Affiliate of a Lender), for which the Borrower and the Subsidiary Guarantors shall not be obligated (except in the case
          of an assignment pursuant to Section 2.17(b)) and (ii) the assignee shall execute and deliver to the Administrative Agent a counterpart to the Lender Letter and thereby agree to be bound by its terms;
          and

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

      (iii)          Effectiveness

            of Assignments.  Subject to acceptance and recording thereof pursuant to paragraph (c) of this Section, from and after the effective date specified in each Assignment and Assumption the assignee thereunder shall be a party hereto and, to
          the extent of the interest assigned by such Assignment and Assumption, have the rights and obligations of a Lender under this Agreement, and the assigning Lender thereunder shall, to the extent of the interest assigned by such Assignment and
          Assumption, be released from its obligations under this Agreement (and, in the case of an Assignment and Assumption covering all of the assigning Lender’s rights and obligations under this Agreement, such Lender shall cease to be a party hereto
          but shall continue to be entitled to the benefits of Sections 2.12, 2.13, 2.14 and 9.03 with respect to facts and circumstances occurring prior to the effective date of such assignment; provided that, except to the extent otherwise expressly agreed by the affected parties, no assignment by a Defaulting Lender will constitute a waiver or release of any claim of any party hereunder arising
              from that Lender’s having been a Defaulting Lender).  Any assignment or transfer by a Lender of rights or obligations under this Agreement that does not comply with this Section 9.04 shall be treated for purposes of this
          Agreement as a sale by such Lender of a participation in such rights and obligations in accordance with paragraph (f) of this Section.

      (c)          Maintenance of Registers by
            Administrative Agent.  The Administrative Agent, acting solely for this purpose as a non-fiduciary agent of the Borrower, shall maintain at one of its offices in New York City a copy of each Assignment and Assumption delivered to it and a
          register for the recordation of the names and addresses of the Lenders, and the Commitments of, and principal amount and stated interest of the Loans owing to, each Lender pursuant to the terms hereof from time to time (the “Registers” and
          each individually, a “Register”).  The entries in the Registers shall be conclusive absent manifest error, and the Borrower, the Administrative Agent

      
        
          

          

        

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      and the Lenders shall treat each Person whose name is recorded in the Registers pursuant to the terms hereof as a Lender hereunder for all
        purposes of this Agreement, notwithstanding notice to the contrary.  The Registers shall be available for inspection by the Borrower and any Lender, at any reasonable time and from time to time upon reasonable prior notice.

      (d)          Acceptance of Assignments
            by Administrative Agent.  Upon its receipt of a duly completed Assignment and Assumption executed by an assigning Lender and an assignee, the assignee’s completed Administrative Questionnaire (unless the assignee shall already be a Lender
          hereunder), the processing and recordation fee referred to in paragraph (b) of this Section and any written consent to such assignment required by paragraph (b) of this Section, the Administrative Agent shall accept such Assignment and Assumption
          and record the information contained therein in the Register.  No assignment shall be effective for purposes of this Agreement unless it has been recorded in the Register as provided in this paragraph.

      (e)          Special Purposes Vehicles. 

          Notwithstanding anything to the contrary contained herein, any Lender (a “Granting Lender”) may grant to a special purpose funding vehicle (an “SPC”) owned or administered by such Granting Lender, identified as such in writing from
          time to time by the Granting Lender to the Administrative Agent and the Borrower, the option to provide all or any part of any Loan that such Granting Lender would otherwise be obligated to make; provided that (i) nothing herein shall
          constitute a commitment to make any Loan by any SPC, (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, subject to the terms of this Agreement, make such Loan
          pursuant to the terms hereof, (iii) the rights of any such SPC shall be solely derivative of the rights of the Granting Lender, and such SPC shall be subject to all of the restrictions upon the Granting Lender herein contained, and (iv) no SPC
          shall be entitled to the benefits of Section 2.12 (or any other increased costs protection provision), 2.13 or 2.14.  Each SPC shall be conclusively presumed to have made arrangements with its Granting Lender for the
          exercise of voting and other rights hereunder in a manner which is acceptable to the SPC, the Administrative Agent, the Lenders and the Borrower, and each of the Administrative Agent, the Lenders and the Obligors shall be entitled to rely upon
          and deal solely with the Granting Lender with respect to Loans made by or through its SPC.  The making of a Loan by an SPC hereunder shall utilize the Commitment of the Granting Lender to the same extent, and as if, such Loan were made by the
          Granting Lender.

      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 senior 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 or similar proceedings under the laws of the United States or any State thereof, in respect of claims arising out of this Agreement; provided that the Granting Lender for each SPC hereby agrees to indemnify, save
        and hold harmless each other party hereto for any loss, cost, damage and expense arising out of any such party’s inability to institute any such proceeding against its SPC.  In addition, notwithstanding anything to the contrary contained in this
        Section, any SPC may (i) 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 its Granting Lender or to any financial
        institutions providing liquidity and/or credit facilities to or for the account of such SPC to fund the Loans made by such SPC or to support the securities (if any) issued by such SPC to fund such Loans (but nothing contained herein shall be
        construed in

      
        
          

          

        

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      derogation of the obligation of the Granting Lender to make Loans hereunder); provided that neither the consent of the SPC nor of any such
        assignee shall be required for amendments or waivers hereunder except for those amendments or waivers for which the consent of participants is required under paragraph (f) below, and (ii) disclose on a confidential basis (in the same manner
        described in Section 9.13(b)) any non-public information relating to its Loans to any rating agency, commercial paper dealer or provider of a surety, guarantee or credit or liquidity enhancement to such SPC.

      (f)          Participations.  Any
          Lender may sell participations to one or more banks or other entities (a “Participant”) in all or a portion of such Lender’s rights and obligations under this Agreement and the other Loan Documents (including all or a portion of its
          Commitments and the Loans owing to it); 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 Administrative Agent and the other Lenders shall continue to deal solely and directly with such Lender in connection with such Lender’s rights and obligations under this Agreement
          and the other Loan Documents.  Any agreement or instrument pursuant to which a Lender sells such a participation shall provide that such Lender shall retain the sole right to enforce this Agreement and the other Loan Documents and to approve any
          amendment, modification or waiver of any provision of this Agreement or any other Loan Document; provided that such agreement or instrument may provide that such Lender will not, without the consent of the Participant, agree to any
          amendment, modification or waiver described in the first proviso to Section 9.02(b) that affects such Participant.  Subject to paragraph (g) of this Section, the Borrower agrees that each Participant shall be entitled to the benefits of Sections 2.12,
          2.13 and 2.14 (subject to the requirements and limitations therein, including Sections 2.14(f) and (g) (it being understood that the documentation required under Sections 2.14(f) and (g) 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 agrees to be subject to the provisions
          of Section 2.17 as if it were an assignee under paragraph (b) of this Section 9.04.  Each Lender that sells a participation agrees, at the Borrower’s request and expense, to use reasonable efforts to cooperate with the Borrower to
          effectuate the provisions of Section 2.17 with respect to any Participant.  To the extent permitted by law, each Participant also shall be entitled to the benefits of Section 9.08 as though it were a Lender, provided such
          Participant agrees to be subject to Section 2.15(d) as though it were a Lender hereunder.  Each Lender that sells a participation shall, acting solely for this purpose as a non-fiduciary agent of the Borrower, maintain a register on which
          it enters the name and address of each Participant and the principal amounts and stated interest of each Participant’s interest in the Loans or other obligations under the Loan Documents (each a “Participant Register”); provided
          that no Lender shall have any obligation to disclose all or any portion of the Participant Register (including the identity of any Participant or any information relating to a Participant’s interest in any commitments, loans, letters of credit or
          its other obligations under any Loan Document) to any Person except to the extent that such disclosure is necessary to establish that such commitment, loan, letter of credit or other obligation is in registered form under Section 5f.103-1(c) of
          the United States Treasury Regulations.  The entries in each 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

      
        
          

          

        

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      of doubt, the Administrative Agent (in its capacity as the Administrative Agent) shall have no responsibility for maintaining a Participant
        Register.

      (g)          Limitations on Rights of
            Participants.  A Participant shall not be entitled to receive any greater payment under Section 2.12 or 2.13 than the applicable Lender would have been entitled to receive with respect to the participation sold to such
          Participant, unless the sale of the participation to such Participant is made with the Borrower’s prior written consent.  A Participant that would be a Foreign Lender if it were a Lender shall not be entitled to the benefits of Section 2.14
          unless such Participant agrees to comply with Section 2.14(f) as though it were a Lender (it being understood that that the documentation required under Section 2.14(f) shall be delivered to the participating Lender).

      (h)          Certain Pledges.  Any
          Lender may at any time pledge or assign a security interest in all or any portion of its rights under this Agreement to secure obligations of such Lender, including any such pledge or assignment to a Federal Reserve Bank or any other central
          bank, and this Section shall not apply to any such pledge or assignment of a security interest; provided that no such pledge or assignment of a security interest shall release a Lender from any of its obligations hereunder or substitute
          any such assignee for such Lender as a party hereto.

      (i)          No Assignments or
            Participations to the Borrower or Affiliates or Certain Other Persons.  Anything in this Section to the contrary notwithstanding, no Lender may (i) assign or participate any interest in any Commitment or Loan held by it hereunder to the
          Borrower, the Parent or any of their respective Affiliates or Subsidiaries without the prior consent of each Lender, or (ii) assign any interest in any Commitment or Loan held by it hereunder to a natural person (or a holding company, investment
          vehicle or trust for, or owned and operated for the primary benefit of, a natural person) or to any Person known by such Lender at the time of such assignment to be a Defaulting Lender, a Subsidiary of a Defaulting Lender or a Person who, upon
          consummation of such assignment, would be a Defaulting Lender.

      (j)          Multicurrency Lenders.  Any assignment by a
          Multicurrency Lender, so long as no Event of Default has occurred and is continuing, must be to a Person that is able to fund and receive payments on account of each Agreed Foreign Currency at such time without the need to obtain any
          authorization referred to in clause (c) of the definition of “Agreed Foreign Currency”.

      SECTION 9.05.          Survival.  All covenants,
          agreements, representations and warranties made by the Borrower herein and in the certificates or other instruments delivered in connection with or pursuant to this Agreement shall be considered to have been relied upon by the other parties
          hereto and shall survive the execution and delivery of this Agreement and the making of any Loans, regardless of any investigation made by any such other party or on its behalf and notwithstanding that the
              Administrativeany Agent or any Lender may have had notice or knowledge of any Default or incorrect representation or warranty at the time any credit
          is extended hereunder, and shall continue in full force and effect as long as the principal of or any accrued interest on any Loan or any fee or any other amount payable under this Agreement is outstanding and unpaid and so long as the
          Commitments have not expired or terminated.  The provisions of Sections 2.12, 2.13, 2.14 and 9.03 and Article VIII shall survive and remain in full force and effect regardless of the consummation of the
          transactions contemplated hereby, the repayment of the

      
        
          

          

        

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      Loans, the expiration or termination of the Commitments or the termination of this Agreement or any provision hereof.

      SECTION 9.06.          Counterparts; Integration;
            Effectiveness; Electronic Execution.

      (a)          Counterparts; Integration;
            Effectiveness.  This Agreement may be executed in counterparts (and by different parties hereto on different counterparts), each of which shall constitute an original, but all of which when taken together shall constitute a single
          contract.  This Agreement, the other Loan Documents and any separate letter agreements with respect to fees payable to the Administrative Agent constitute the entire contract between and among the parties relating to the subject matter hereof and
          supersede any and all previous agreements and understandings, oral or written, relating to the subject matter hereof.  Except as provided in Section 4.01, this Agreement shall become effective when it shall have been executed by the
          Administrative Agent and when the Administrative Agent shall have received counterparts hereof which, when taken together, bear the signatures of each of the other parties hereto, and thereafter shall be binding upon
            and inure to the benefit of the parties hereto and their respective successors and assigns.  Delivery of an executed counterpart of a signature page to this Agreement by telecopy or electronic mail shall be effective as delivery of a
          manually executed counterpart of this Agreement.

      (b)          Electronic Execution of
            Assignments.  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.

      SECTION 9.07.          Severability.  Any provision of
          this Agreement held to be invalid, illegal or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such invalidity, illegality or unenforceability without affecting the validity, legality and
          enforceability of the remaining provisions hereof; and the invalidity of a particular provision in a particular jurisdiction shall not invalidate such provision in any other jurisdiction.

      SECTION 9.08.          Right of Set-off.  IfIn addition to any rights and remedies of the Agents and the Lenders provided by law, if an Event of Default shall
          have occurred and be continuing, each Agent, each Lender and each of itstheir respective Affiliates is hereby authorized at any time and from time to time, without prior notice to the Borrower or any
              other Obligor, any such notice being waived by the Borrower (on its own behalf, on behalf of its Subsidiaries and on behalf of each Obligor) to the fullest extent permitted by law, to set off and apply any and all deposits
          (general or special, time or demand, provisional or final, in whatever Currency) at any time held and other obligations at any time owing by such Lender or Affiliate to or for the credit or the account of any Obligor against any of and all the
          obligations of any Obligor now or hereafter existing under this Agreement or any other Loan Document held by such Lender, irrespective of whether or not such Lender shall have made any demand under this Agreement or any other Loan Document and although such obligations may be contingent or unmatured, or are owed to a branch,

      
        
          

          

        

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      office or Affiliate of such Lender different from the branch, office or Affiliate holding such deposit or obligated on such Indebtedness.  The
        rights of each Lender and their respective Affiliates under this Section are in addition to other rights and remedies (including other rights of setoff) which such Lender or Affiliate may have; provided that in the event that any Defaulting
        Lender exercises any such right of setoff, (a) all amounts so set off will be paid over immediately to the Administrative Agent for further application in accordance with the provisions of Section 2.15 and, pending such payment, will 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 (b) the Defaulting Lender will provide promptly to the Administrative Agent a statement describing in
        reasonable detail the obligations owing to such Defaulting Lender as to which it exercised such right of setoff.  Each Lender agrees promptly to notify the Borrower and the Administrative Agent after any such set-off and application made by such
        Lender; provided that the failure to give such notice shall not affect the validity of such set-off and application.

      SECTION 9.09.          Governing Law; Jurisdiction; Etc.

      (a)          Governing Law.  This
          Agreement and each of the other Loan Documents (unless otherwise set forth therein) shall be construed in accordance with and governed by the law of the State of New York.

      (b)          Submission to Jurisdiction. 

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

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

      (d)          Service of Process. 
          Each party to this Agreement (i) irrevocably consents to service of process in the manner provided for notices in Section 9.01 and (ii) agrees that service as provided in the manner provided for notices in Section 9.01 is
          sufficient to confer personal jurisdiction over such party in any proceeding in any court and otherwise constitutes effective and

      
        
          

          

        

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      binding service in every respect.  Nothing in this Agreement will affect the right of any party to this Agreement to serve process in any other
        manner permitted by law.

      SECTION 9.10.          WAIVER OF JURY TRIAL.  EACH
          PARTY HERETO HEREBY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN ANY LEGAL PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED
          HEREBY (WHETHER BASED ON CONTRACT, TORT OR ANY OTHER THEORY). EACH PARTY HERETO (A) CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF
          LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER AND (B) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THIS AGREEMENT BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION.

      SECTION 9.11.          Judgment Currency.  This is an
          international loan transaction in which the specification of Dollars or any Foreign Currency, as the case may be (the “Specified Currency”) and payment in New York City or the country of the Specified Currency (the “Specified Place”)

          is of the essence, and the Specified Currency shall be the currency of account in all events relating to Loans denominated in the Specified Currency.  Subject to Section 2.15(a), the payment obligations of the Borrower under this
          Agreement shall not be discharged or satisfied by an amount paid in another currency or in another place, whether pursuant to a judgment or otherwise, to the extent that the amount so paid on conversion to the Specified Currency and transfer to
          the Specified Place under normal banking procedures does not yield the amount of the Specified Currency in the Specified Place due hereunder.  If for the purpose of obtaining judgment in any court it is necessary to convert a sum due hereunder in
          the Specified Currency into another currency (the “Second Currency”), the rate of exchange that shall be applied shall be the rate at which in accordance with normal banking procedures the Administrative Agent could purchase the Specified
          Currency with the Second Currency on the Business Day next preceding the day on which such judgment is rendered.  The obligation of the Borrower in respect of any such sum due from it to the Administrative Agent or any Lender hereunder or under
          any other Loan Document (in this Section called an “Entitled Person”) shall, notwithstanding the rate of exchange actually applied in rendering such judgment, be discharged only to the extent that on the Business Day following receipt by
          such Entitled Person of any sum adjudged to be due hereunder in the Second Currency such Entitled Person may in accordance with normal banking procedures purchase and transfer to the Specified Place the Specified Currency with the amount of the SpecifiedSecond Currency so adjudged to be due; and the Borrower hereby, as a separate obligation and notwithstanding
          any such judgment, agrees to indemnify such Entitled Person against, and to pay such Entitled Person on demand, in the Specified Currency, the amount (if any) by which the sum originally due to such Entitled Person in the Specified Currency
          hereunder exceeds the amount of the Specified Currency so purchased and transferred.

      SECTION 9.12.          Headings.  Article and
          Section headings and the Table of Contents used herein are for convenience of reference only, are not part of this Agreement and shall not affect the construction of, or be taken into consideration in interpreting, this Agreement.

      
        
          

          

        

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      SECTION 9.13.          Treatment of Certain Information;
            Confidentiality.

      (a)          Treatment of Certain
            Information.  The Borrower acknowledges that from time to time financial advisory, investment banking and other services may be offered or provided to the Borrower or one or more of its Subsidiaries (in connection with this Agreement or
          otherwise) by any Agent or Lender or by one or more subsidiaries or affiliates of such Agent or Lender and the Borrower hereby authorizes each Agent and Lender to share any information delivered to such Agent or Lender by the Borrower or its
          Subsidiaries pursuant to this Agreement, or in connection with the decision of such Agent or Lender to enter into this Agreement, to any such subsidiary or affiliate, it being understood that any such subsidiary or affiliate receiving such
          information shall be bound by the provisions of paragraph (b) of this Section as if it were an Agent or Lender (as applicable) hereunder.  Such authorization shall survive the repayment of the Loan, the expiration or termination of the Commitments or the termination of this Agreement or any provision hereof.  The Administrative Agent, each Lender and their Affiliates (collectively, solely
          for purposes of this paragraph, the “Lender”), may have economic interests that conflict with those of the Borrower or any of its Subsidiaries and/or their Affiliates.

      (b)          Confidentiality.  Each
          of the Administrative Agent and the Lenders agrees to maintain the confidentiality of the Information (as defined below), except that Information may be disclosed (a) to its Affiliates and consultants and to its and its Affiliates’ and
          consultants’ respective partners, directors, officers, employees, agents, advisors and other representatives (it being understood that the Persons to whom such disclosure is made will be informed of the confidential nature of such Information and
          instructed to keep such Information confidential), (b) to the extent requested by any regulatory authority purporting to have jurisdiction over it or its Affiliates (including any self-regulatory authority), (c) to the extent required by
          applicable laws or regulations or by any subpoena or similar legal process, (d) to any other party hereto, (e) in connection with the exercise of any remedies hereunder or under any other Loan Document or any action or proceeding relating to this
          Agreement or any other Loan Document or the enforcement of rights hereunder or thereunder, (f) subject to an agreement containing provisions substantially the same as those of this Section, to (i) any assignee of or Participant in, or any
          prospective assignee of or Participant in, any of its rights or obligations under this Agreement, or (ii) any actual or prospective counterparty (or its advisors) to any swap, derivative or securitization transaction relating to the Borrower and
          its obligations, (g) with the consent of the Borrower, (h) on a confidential basis to (i) any insurer, (ii) any rating agency in connection with rating the Borrower or its Subsidiaries or the Loans and (iii) the CUSIP Service Bureau or any
          similar agency in connection with the issuance and monitoring of CUSIP numbers with respect to the Loans, (i) to the extent such Information (x) becomes publicly available other than as a result of a breach of this Section or (y) becomes
          available to the Administrative Agent, any Lender or any of their respective Affiliates on a nonconfidential basis from a source other than the Borrower who, to the applicable recipient’s actual knowledge, did not acquire such information as a
          result of a breach of this Section or (j) in connection with the Lenders’ right to grant a security interest pursuant to Section 9.04(h) to the Federal Reserve Bank or any other central bank, or subject to an agreement containing
          provisions substantially the same as those of this Section, to any other pledgee or assignee pursuant to Section 9.04(h).

      For purposes of this Section, “Information” means all information received from the Borrower or any of its Subsidiaries relating to the
        Borrower or any of its Subsidiaries or any of their respective

      
        
          

          

        

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      businesses (including any Portfolio Investments), other than any such information that is available to the Administrative Agent or any Lender on a
        nonconfidential basis prior to disclosure by the Borrower or any of its Subsidiaries, provided that, in the case of information received from the Borrower or any of its Subsidiaries after the Original Effective Date, such information is
        clearly identified at the time of delivery as confidential.  Any Person required to maintain the confidentiality of Information as provided in this Section shall be considered to have complied with its obligation to do so if such Person has
        exercised the same degree of care to maintain the confidentiality of such Information as such Person would accord to its own confidential information.

      SECTION 9.14.          USA PATRIOT Act.  Each Lender
          hereby notifies the Borrower that pursuant to the requirements of the USA PATRIOT Act, it is required to obtain, verify and record information that identifies each Obligor, which information includes the name and address of each Obligor and other
          information that will allow such Lender to identify such Obligor in accordance with the USA PATRIOT Act.  The Obligors shall, promptly following a request by the Administrative Agent or any Lender, provide all documentation and other information
          that the Administrative Agent or such Lender requests in order to comply with its ongoing obligations under applicable “know your customer” and anti-money laundering rules and regulations, including the USA PATRIOT Act and the Beneficial
          Ownership Regulation (including, without limitation, delivery to such Lender of a Beneficial Ownership Certification).

      SECTION 9.15.          Termination.  Promptly upon the
          Termination Date, the Administrative Agent shall direct the Collateral Agent to, on behalf of the Administrative Agent, the Collateral Agent and the Lenders, deliver to Borrower such termination statements and releases and other documents
          necessary or appropriate to evidence the termination of this Agreement, the other Loan Documents, and each of the documents securing the obligations hereunder as the Borrower may reasonably request, all at the sole cost and expense of the
          Borrower.

      SECTION 9.16.          Acknowledgment 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 powersWrite-Down and Conversion Powers of the applicable Resolution Authority and agrees and consents to, and acknowledges and agrees to be bound by:

      (a)          the application of any
          Write-Down and Conversion Powers by the applicable Resolution Authority to any such liabilities arising hereunder which may be payable to it by any party hereto that is an Affected Financial Institution; and

      (b)          the effects of any Bail-In
          Action on any such liability, including, if applicable:

      (i)          a
          reduction in full or in part or cancellation of any such liability;

      (ii)          a
          conversion of all, or a portion of, such liability into shares or other instruments of ownership in such Affected Financial Institution, its parent entity, or

      
        
          

          

        

        176

        
          

        
          

          

          

          

        

      

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

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

      SECTION 9.17.          Interest Rate Limitation. 
          Notwithstanding anything to the contrary contained in any Loan Document, the interest paid or agreed to be paid under the Loan Documents shall not exceed the maximum rate of non-usurious interest permitted by applicable law (the “Maximum Rate”). 

          If Administrative Agent or any Lender shall receive interest in an amount that exceeds the Maximum Rate, the excess interest shall be applied to the principal of the Loans or, if it exceeds such unpaid principal, refunded to the Borrower.  In
          determining whether the interest contracted for, charged, or received by the Administrative Agent or a Lender exceeds the Maximum Rate, such Person may, to the extent permitted by applicable law, (a) characterize any payment that is not principal
          as an expense, fee, or premium rather than interest, (b) exclude voluntary prepayments and the effects thereof, and (c) amortize, prorate, allocate, and spread in equal or unequal parts the total amount of interest throughout the contemplated
          term of the obligations hereunder.

      SECTION 9.18.          Acknowledgment Regarding Any
            Supported QFCs.  To the extent that the Loan Documents provide support, through a guarantee or otherwise, for Hedging Agreements or any other agreement or instrument that is a QFC (such support, “QFC Credit Support” and each such QFC a “Supported QFC”), the parties acknowledge and agree as
            follows with respect to the resolution power of the Federal Deposit Insurance Corporation under the Federal Deposit Insurance Act and Title II of the Dodd-Frank Wall Street Reform and Consumer Protection Act (together with the regulations
            promulgated thereunder, the “U.S. Special Resolution Regimes”) in respect of such Supported QFC and QFC Credit Support (with the provisions below applicable
            notwithstanding that the Loan Documents and any Supported QFC may in fact be stated to be governed by the laws of the State of New York and/or of the United States or any other state of the United States):

      (a)          In

            the event a Covered Entity that is party to a Supported QFC (each, a “Covered Party”) becomes subject to a proceeding under a U.S. Special Resolution Regime, the
            transfer of such Supported QFC and the benefit of such QFC Credit Support (and any interest and obligation in or under such Supported QFC and such QFC Credit Support, and any rights in property securing such Supported QFC or such QFC Credit
            Support) from such Covered Party will be effective to the same extent as the transfer would be effective under the U.S. Special Resolution Regime if the Supported QFC and such QFC Credit Support (and any such interest, obligation and rights in
            property) were governed by the laws of the United States or a state of the United States. In the event a Covered Party or a BHC Act Affiliate of a Covered Party becomes subject to a proceeding under a U.S. Special Resolution Regime, Default
            Rights under the Loan Documents that might otherwise apply to such Supported QFC or any QFC Credit Support 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

      
        
          

          

        

        177

        
          

        
          

          

          

          

        

      

      and the Loan Documents were governed by the laws of the United States or a state of the United States. Without limitation of the
        foregoing, it is understood and agreed that rights and remedies of the parties with respect to a Defaulting Lender shall in no event affect the rights of any Covered Party with respect to a Supported QFC or any QFC Credit Support.

      (b)          As

            used in this Section 9.18, the following terms have the following meanings:

      (i)          “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.

      (ii)          “Covered Entity” means any of the following:

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

      

      

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

      

      

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

      

      

      (iii)          “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.

      (iv)          “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).

      SECTION 9.19.          Amendment and Restatement.  On the Restatement Effective Date, the Existing Credit Agreement shall be amended and restated in its entirety by this Agreement, and the Existing Credit Agreement shall thereafter be of no further force and effect, except to
          evidence (i) the incurrence by the Borrower of the obligations under the Existing Credit Agreement (whether or not such obligations are contingent as of the Restatement Effective Date), (ii) the representations and warranties made by the Borrower
          prior to the Restatement Effective Date and (iii) any action or omission performed or required to be performed pursuant to such Existing Credit Agreement prior to the Restatement Effective Date (including any failure, prior to the Restatement
          Effective Date, to comply with the covenants contained in such Existing Credit Agreement).  The amendments and restatements set forth herein shall not cure any breach thereof or any “Default” or “Event of Default” under and as defined in the
          Existing Credit Agreement prior to the Restatement Effective Date. It is the intention of each of the parties hereto that the Existing Credit Agreement be amended and restated hereunder so as to preserve the
            perfection and priority of all Liens securing the Secured Obligations under the Loan Documents and that all Secured Obligations of the Borrower and the Subsidiary Guarantors hereunder shall continue to be secured by Liens evidenced under the
            Security Documents, and that this Agreement does not constitute a novation or termination of the Indebtedness and obligations existing under the Existing Credit Agreement.  The terms and conditions of this Agreement and the
          Administrative Agent’s and the Lenders’ rights and remedies under this Agreement and the other Loan Documents shall

      
        
          

          

        

        178

        
          

        
          

          

          

          

        

      

      apply to all of the obligations incurred under the Existing Credit Agreement.  This amendment and restatement is limited as written and is not a consent to any other
        amendment, restatement or waiver, whether or not similar and, unless specifically amended hereby or by any other Loan Document, each of the Loan Documents shall continue in full force and effect and, from and after the
          Restatement Effective Date, all references to the “Credit Agreement” contained therein shall be deemed to refer to this Agreement.

      

      

      [Remainder of Page Intentionally Left Blank]

      

      

      

      

      

      
        
          

          

        

        179

        
          

        
          

          

        

      

      

    

    

    

    

    

    ANNEX B

    

    

    See attached.

    

    

    

    

    
      

      

      
        
          

          

          

          

        

        
          

        
          

          

        

      

      
        Schedule 1.01(a)

        Approved Dealers and Approved
          Pricing Services

        APPROVED DEALERS

        Antares Capital

        Ares Management

        BNP Paribas SA

        Bank of America Merrill Lynch

        Barclays Bank PLC

        BMO Capital Markets

        Bank of NY Mellon (BNYM Capital Markets)

        BTIG LLC

        Cantor Fitzgerald & Co.

        Citigroup Global Markets Inc.

        Citicorp Securities Services, Inc.

        Credit Agricole

        Credit Suisse Securities (USA) LLC

        Daiwa Capital Markets America Inc.

        Deutsche Bank Securities Inc.

        FBR Capital Markets & Co.

        Fidelity Brokerage Services LLC

        Fifth Third Bank

        Goldman, Sachs & Co.

        Golub Capital

        Guggenheim Securities LLC

        HSBC Securities (USA) Inc.

        Imperial Capital LLC

        ING Financial Markets LLC

        Jefferies & Company, Inc.

        J.P. Morgan Securities Inc.

        Lazard Ltd.

        Macquarie Capital USA Inc.

        Mitsubishi UFJ Securities USA Inc.

        Mizuho Securities USA Inc.

        Morgan Stanley & Co. Incorporated

        Morgan Stanley Smith Barney

        Nomura Securities International, Inc.

        RBC Capital Markets

        RBS Securities Inc.

        RW Baird

        Scotia Bank

        Societe General

        SunTrust Banks

        UBS Financial Services Inc.

        UBS Securities LLC

        Wells Fargo Advisors, LLC

        Wells Fargo Securities, LLC

        Wells Fargo Investments, LLC

        
          
            

            

          

          
            

          
            

            

          

        

        APPROVED PRICING
            SERVICES

        Bloomberg

        ICE Data Services

        Interactive Data Corporation

        International Data Corporation

        Reuters Loan Pricing Corporation

        Markit Group Limited

        

        

        
          
            

            

          

          
            

          
            

            

          

        

        Schedule

            1.01(b) 

        Commitments

        On file with the Administrative Agent.

        

        

        
          
            

            

          

          
            

          
            

            

          

        

        Schedule 1.01(c)

        [Intentionally Omitted]

        

        

        
          
            

            

          

          
            

          
            

            

          

        

        Schedule

            1.01(d)

        Eligibility Criteria

        A Portfolio Investment shall not be an
          Eligible Portfolio Investment on any date of determination unless it meets all of the following criteria:

        	

              	1)	
                 (a) If an Investment in Indebtedness other
                    than a Noteless Assigned Loan (and other than a High Yield Security that is held through DTC and has been credited to the Custodian Account pursuant to the terms of the Custodial and Account Control Agreement), such Portfolio Investment
                    is evidenced by an original promissory note registered in the name of an Obligor, delivered to the Custodian and credited to the Custodian Account pursuant to the terms of the Custodial and Account Control Agreement; provided, however, that solely in the case of Portfolio Investments in which the Collateral Agent has a first priority perfected security interest pursuant to a valid Uniform Commercial Code filing, (x) if such Portfolio
                    Investment is owned by such Obligor on the Original Effective Date, the Borrower shall have up to 45 Business Days following the Original Effective Date to deliver such original promissory note with respect to such Portfolio Investment
                    to the Custodian, and (y) (1) if such Portfolio Investment is acquired by the Obligor after the Original Effective Date, the Borrower shall have up to 10 Business Days following such acquisition to deliver such original promissory note
                    with respect to such Portfolio Investment to the Custodian and (2) as a result of the syndication, sale, transfer, assignment or exchange of a portion of a Portfolio Investment the Borrower shall have up to 20 Business Days to return,
                    transfer, assign or exchange any promissory note with respect to such Portfolio Investment and deliver new or additional promissory notes to the Custodian or the Collateral Agent as required above (each note referred to in clause (x) or
                    (y), during the time when it is not in the possession of the Custodian or the Collateral Agent an “Undelivered Note”) (it being understood that during the time periods in clauses (1) and (2) above only the portion of such Portfolio
                    Investment that has not been syndicated, sold, transferred, assigned or exchanged shall satisfy the criteria specified in this paragraph 1(a)); provided further that (i) any portion of the Borrowing Base that
                    consists of an Eligible Portfolio Investment that is an Undelivered Note shall be identified as such in any Borrowing Base Certificate and (ii) with respect to Undelivered Notes under clause (y) above, at no time may the aggregate
                    amount of Undelivered Notes included in the Borrowing Base constitute more than 10% of the Portfolio Investments included in the Borrowing Base;

              

        (b) If a Noteless Assigned Loan, the Custodian shall have received and credited to the Custodian Account pursuant to the terms of the Custodial and Account Control Agreement an original of each transfer document or instrument relating to
            such Noteless Assigned Loan evidencing the assignment of such Noteless Assigned Loan from any prior third party owner thereof directly to the applicable Obligor (together with the consent of each party required under the applicable loan
            documentation); provided that, any portion of the Borrowing Base that consists of an Eligible Portfolio Investment that is a Noteless Assigned Loan shall be identified as such in any Borrowing Base Certificate; and

        (c) If any Investment in
          Indebtedness, (x) the Custodian shall have received originals or copies of each of the following, to the extent applicable, any related loan agreement, credit agreement, note purchase agreement, security agreement (if separate from any mortgage),
          acquisition agreement pursuant to which such Investment was acquired, subordination agreement, sale and servicing agreement, intercreditor agreement or similar instruments, guarantee, assumption or substitution agreement or similar material
          operative document, in each case together with any amendment or modification thereto; and (y) all documentation evidencing or otherwise relating to such Portfolio Investment has been duly authorized and executed, is in full force and effect and
          is the legal, binding and enforceable obligation of the parties thereto and has been delivered to the Custodian;

        	

              	2)	
                If any affiliate of the Borrower holds a Portfolio Investment in the same Portfolio Company  and such investment is evidenced by a promissory note, the Borrower shall hold a
                  separate promissory note registered in the name of the Borrower representing its interest in such Portfolio Company;

              

        
          
            

            

          

          
            

          
            

            

          

        

        	

              	3)	
                Such Portfolio Investment, whether originated directly or purchased, was underwritten and closed in all material respects in accordance with the Investment Policies (as amended by Permitted Policy Amendments);

              

        	

              	4)	
                If the Portfolio Company of such Portfolio Investment is a “Debtor” (as defined in the definition of “DIP Loan”) and such Portfolio Investment is a Bank Loan, such Portfolio Investment meets the other criteria set forth in the
                  definition of “DIP Loan”;

              

        	

              	5)	
                Such Portfolio Investment is Transferable (as defined below);

              

        	

              	6)	
                Such
                    Portfolio Investment is not a Defaulted Obligation or a Restructured Investment; provided that a Restructured
                    Investment may, at the Borrower’s request and in the sole discretion of the Administrative Agent, be an Eligible Portfolio Investment so long as such Portfolio Investment (i) is Performing, (ii) meets all other requirements to be
                    considered an Eligible Portfolio Investment, and (iii) has been valued by the Independent Valuation Provider since becoming a Restructured Investment.

              

        	

              	7)	
                Other than for an LTV Transaction, any Portfolio Company of such Portfolio Investment with trailing 12-month EBITDA of less than $10,000,000 as calculated by the Borrower in a commercially reasonable manner satisfies at least one of
                  the following two conditions at all times: (i) a total leverage ratio (based on trailing 12-month EBITDA) as calculated by the Borrower in a commercially reasonable manner of less than 4.0x, or (ii) a loan (through the Borrower or
                  Obligor’s exposure) to enterprise value ratio of not more than 65%, where enterprise value shall be the value determined by an Approved Third-Party Appraiser in its most recent valuation report provided in connection with such Portfolio
                  Investment (except that, (1) prior to the delivery of the first valuation report of the Approved Third-Party Appraiser to be delivered after the Borrower's acquisition of such Portfolio Investment, if such Portfolio Investment is acquired
                  by the Borrower in connection with or at the time of an applicable transaction involving the equity of the Portfolio Company , and (2) in the case of Quoted Investments where no Approved Third-Party Appraiser report is obtained, the
                  enterprise value of such Portfolio Company may be imputed from such transaction by the Borrower in a commercially reasonable manner);

              

        	

              	8)	
                (a)
                    For any Portfolio Investment that is designated as an LTV Transaction and that is an ABL Transaction, the loan to enterprise value ratio (as determined in a commercially reasonable manner using the orderly liquidation value of the
                    assets underlying such ABL Transaction) shall not exceed 65% and (b) for any Portfolio Investment that is designated as an LTV Transaction and that is a High-Growth Transaction, the loan to enterprise value ratio (determined as outlined
                    under paragraph (7) above) shall not exceed 50%, provided that if the loan to enterprise value for such High-Growth
                    Transactions is greater than 50% but does not exceed 65%, such High-Growth Transaction shall be eligible, but the applicable Advance Rate for such High-Growth Transaction shall be 50% of the otherwise applicable Advance Rate (e.g. 35%
                    for an unquoted First Lien Bank Loan).

              

        	

              	9)	
                Such Portfolio Investment does not represent an investment in any Portfolio Company in which the Borrower or any of its Affiliates, or any entities advised by any of the foregoing, holds any Investment other than an Investment that is
                  in the same class or classes as such Portfolio Investment (and, in the case of multiple classes, such Investment shall represent a ratable strip of each class) and is (a) made in accordance with the requirements of an effective SEC
                  exemptive order allowing such co-investment or joint follow-on investment or (b) made in compliance with any of the Massachusetts Mutual Life Insurance Co., SEC No Action Letter (pub. Avail. June 7, 2000), other interpretive guidance
                  issued by the SEC or the Investment Company Act.

              

        	

              	10)	
                Such Portfolio Investment does not represent an investment in any Financing Subsidiary or any other Subsidiary, investment fund, Affiliate Investment, Structured Finance Obligation, or similar off balance sheet financing vehicle, or
                  any joint venture or other Person that is in the principal business of making debt or equity investments primarily in other unaffiliated Persons (other than investments in a Third Party Finance Company);

              

        
          
            

            

          

          
            

          
            

            

          

        

         

          

        	

              	11)	
                (x)
                    Such Portfolio Investment is owned by the Borrower or any Obligor, free and clear of any liens and Collateral Agent holds a first priority, perfected security interest in the Portfolio Investment (subject to no other Liens other than
                    Eligible Liens), (y) the Collateral Agent or the Custodian as bailee on behalf of the Collateral Agent is holding all documents evidencing or otherwise relating to such Portfolio Investment (which may be copies, except as required in
                    paragraph (1) above) and (z) other steps to ensure that the Collateral Agent has “control” or other customary protection of the relevant Portfolio Investment (including as provided in Section 3.17 and in the Guarantee and Security Agreement) have been taken;

              

        	

              	12)	
                Such Portfolio Investment and related documents are in compliance, in all material respects, with applicable laws rules and regulations (including relating to usury, truth in lending, fair credit billing, fair credit reporting, equal
                  credit opportunity, fair debt collection practices and privacy, OFAC and USA PATRIOT Act);

              

        	

              	13)	
                Such Portfolio Investment is denominated and payable only in Dollars or in the currency of a Permitted Foreign Jurisdiction and the issuer of such Portfolio Investment is organized under the laws of the United States or any state or
                  Commonwealth thereof (including the District of Columbia) or any Permitted Foreign Jurisdiction, is domiciled in the United States or any Permitted Foreign Jurisdiction, its principal operations and any property or other assets of the
                  issuer thereunder pledged as collateral are primarily located in the United States or any Permitted Foreign Jurisdiction, and the only place of payment of such loans is the United States or any Permitted Foreign Jurisdiction;

              

        	

              	14)	
                Such Portfolio Investment, if a debt investment, bears interest which is due and payable no less frequently than semi-annually and provides for a fixed amount of principal payable on a scheduled payment date and or at maturity;

              

        	

              	15)	
                Such Portfolio Investment, if a debt investment, does not have a final maturity greater than 10 years;

              

        	

              	16)	
                Such Portfolio Investment includes a contractual provision requiring all payments to be made without set off, defense or counterclaim, and does not include a contractual provision granting rights of rescission, set off, counterclaim or
                  defense in favor of the obligor in respect of such Portfolio Investment, and no material dispute has been asserted with respect to such Portfolio Investment;

              

        	

              	17)	
                Such Portfolio Investment is not (x) secured primarily by a mortgage, deed of trust or similar lien on real estate, or (y) issued by a Person whose primary asset is real estate, or whose value is otherwise primarily derived from real
                  estate;

              

        	

              	18)	
                Such Portfolio Investment does not represent a consumer obligation (including, without limitation, a mortgage loan, auto loan, credit card loan or personal loan);

              

        	

              	19)	
                No payment in respect of such Portfolio Investment, if a debt investment, is subject to withholding in respect to taxes of any nature, unless the issuer is required to make customary and market-based gross-up payments on an after tax
                  basis for the full amount of such tax;

              

        	

              	20)	
                Such Portfolio Investment is not a derivative instrument;

              

        	

              	21)	
                The issuer of such Portfolio Investment (or an agent on its behalf) is required to make payments directly into an account of the Borrower or any Obligor over which the Collateral Agent has “control” (within the meaning of Section 9-104
                  of the Uniform Commercial Code) and no other Person’s assets are commingled in such account;

              

        	

              	22)	
                Except pursuant to an exemptive order or as permitted under the Investment Company Act, no Person acting as administrative agent, collateral agent or in a similar capacity shall be an Affiliate of the Borrower unless such Person is an
                  Obligor;

              

        	

              	23)	
                If such Portfolio Investment is a Bank Loan and the issuer of such Portfolio Investment has issued a Permitted Prior Working Capital Lien, the Borrower has delivered to the Administrative Agent a written valuation report of an Approved
                  Third-Party Appraiser determining the enterprise value of such issuer to be used for purposes of the conditions outlined in clause (iii) of the definition of Permitted Prior Working Capital Lien (except that, prior to the delivery of the
                  first valuation report

              

         

        

        
          
            

            

          

          
            

          
            

            

          

        

        of the Approved Third-Party Appraiser, or in the case of Quoted Investments where no such report is required, the enterprise value of such Portfolio Investment shall be calculated by the Borrower in a commercially
          reasonable manner; and

        	

              	24)	
                Such Portfolio Investment is not a participation or similar interest, and is not an investment in which any Obligor has sold, issued or granted a participation or similar
                  interest.

              

        For purposes of paragraph (5) above, “Transferable” means, in the case of any Portfolio Investment, both that:

        (i)          the applicable Obligor may create a security interest in or pledge all of its rights under and interest in such Portfolio Investment to secure its obligations under this Agreement or
              any other Loan Document, and that such pledge or security interest may be enforced in any manner permitted under applicable law; and

        (ii)          such Portfolio Investment (and all documents related thereto) contains no provision that directly or indirectly restricts the assignment of such Obligor’s, or any assignee of Obligor’s,
              rights under such Portfolio Investment (including any requirement that the Borrower maintain a minimum ownership percentage of such Portfolio Investment); provided that, such Portfolio Investment may
              contain the following restrictions on customary and market based terms: (a) restrictions pursuant to which assignments may be subject to the consent of the obligor or Portfolio Company or agent under the Portfolio Investment so long as the
              applicable provision also provides that such consent may not be unreasonably withheld, (b) restrictions on transfer to parties that are not ‘eligible assignees’ within the customary and market based meaning of the term, and (c) restrictions
              on transfer to the applicable obligor or issuer under the Portfolio Investment or its equity holders or financial sponsor entities.

        
          
            

            

          

          
            

          
            

            

            

            

          

        

        Schedule

            1.01(e)

        

        

        Industry Classification Groups

        

        

        	

              	1)	
                Aerospace & Defense

              

        	

              	2)	
                Automotive

              

        	

              	3)	
                Banking

              

        	

              	4)	
                Beverage, Food, & Tobacco

              

        	

              	5)	
                Capital Equipment

              

        	

              	6)	
                Chemicals, Plastics, & Rubber

              

        	

              	7)	
                Construction & Building

              

        	

              	8)	
                Consumer Goods: Durable

              

        	

              	9)	
                Consumer Goods: Non-Durable

              

        	

              	10)	
                Containers, Packaging, & Glass

              

        	

              	11)	
                Energy: Electricity

              

        	

              	12)	
                Energy: Oil & Gas

              

        	

              	13)	
                Environmental Industries

              

        	

              	14)	
                Fire: Finance

              

        	

              	15)	
                Fire: Insurance

              

        	

              	16)	
                Fire: Real Estate

              

        	

              	17)	
                Forest Products & Paper

              

        	

              	18)	
                Healthcare & Pharmaceuticals

              

        	

              	19)	
                High Tech Industries

              

        	

              	20)	
                Hotel, Gaming, & Leisure

              

        	

              	21)	
                Media: Advertising, Printing & Publishing

              

        	

              	22)	
                Media: Broadcasting & Subscription

              

        	

              	23)	
                Media: Diversified & Production

              

        	

              	24)	
                Metals & Mining

              

        	

              	25)	
                Retail

              

        	

              	26)	
                Services: Business

              

        	

              	27)	
                Services: Consumer

              

        	

              	28)	
                Sovereign & Public Finance

              

        	

              	29)	
                Telecommunications

              

        	

              	30)	
                Transportation: Cargo

              

        	

              	31)	
                Transportation: Consumer

              

        	

              	32)	
                Utilities: Electric

              

        	

              	33)	
                Utilities: Oil & Gas

              

        	

              	34)	
                Utilities: Water

              

        	

              	35)	
                Wholesale

              

        

        

        
          

          

        

      

      

      

      
        
          

          

        

        
          

        
          

          

          

          

        

      

      
        Schedule 3.08(c)

        Unfunded Pension Liabilities

        

        

        None.

        

        

        
          

          
            

          
            

            

          

        

        Schedule 3.11(a)

        Material Agreements 

        

        

        	

              	1.	
                Purchase Agreement, dated as of August 30, 2016, among Wells Fargo Securities, LLC and Raymond James & Associates, Inc., as representatives of
                    the several initial purchasers named therein, BlackRock TCP Capital Corp. (formerly known as TCP Capital Corp.), Special Value Continuation Partners LLC (formerly known as Special Value Continuation Partners, LP), Tennenbaum Capital Partners, LLC and Series H of SVOF/MM, LLC,  relating to the sale by BlackRock TCP Capital Corp. to the initial purchasers of $140,000,000 aggregate principal amount of BlackRock TCP Capital
                    Corp.’s 4.625% Convertible Senior Notes due 2022.

              

        

        

        	

              	2.	
                Indenture, dated September 6, 2016, between BlackRock TCP Capital Corp. (formerly known as TCP Capital Corp.), as issuer, and U.S. Bank National Association, as trustee, relating
                  to $140 million aggregate principal amount of BlackRock TCP Capital Corp.’s (formerly known as TCP Capital Corp.) 4.625% Convertible Senior Notes due 2022.

              

        

        

        	

              	3.	
                Underwriting Agreements, dated August 4, 2017 and October 30, 2017, each by and among BlackRock TCP Capital Corp. (formerly known as TCP Capital
                    Corp.), Special Value Continuation Partners LLC (formerly known as Special Value Continuation Partners, LP), Tennenbaum Capital Partners, LLC, Series H of SVOF/MM, LLC, BofA Securities, Inc.
                    (formerly knowns as Merrill Lynch, Pierce, Fenner & Smith Incorporated) and each other underwriter named therein relating to the sale to the underwriters of (i) $125,000,000 aggregate principal amount of BlackRock TCP Capital
                    Corp.’s 4.125% Notes due 2022 and (ii) $50,000,000 aggregate principal amount of BlackRock TCP Capital Corp.’s 4.125% Notes due 2022.

              

        

        

        	

              	4.	
                Underwriting Agreements, dated August 16, 2019, November 19, 2019 and September 25, 2020, each by and among BlackRock TCP Capital Corp. (formerly
                    known as TCP Capital Corp.), Tennenbaum Capital Partners, LLC, Series H of SVOF/MM, LLC and BofA Securities, Inc. relating to the sale to the underwriters of (i) $150,000,000 aggregate principal amount of BlackRock TCP Capital
                  Corp.’s 3.900% Notes due 2024, (ii) $50,000,000 aggregate principal amount of BlackRock TCP Capital Corp.’s 3.900% Notes due 2024 and (iii) $50,000,000 aggregate principal amount of BlackRock TCP
                  Capital Corp.’s 3.900% Notes due 2024.

              

        

        

        	

              	5.	
                Underwriting Agreement, dated as of February 2, 2021, by and among BlackRock TCP Capital Corp., Tennenbaum Capital Partners, LLC, Series H of SVOF/MM, LLC and BofA Securities,
                  Inc. relating to the sale to the underwriters of $175,000,000 aggregate principal amount of BlackRock TCP Capital Corp.’s 2.850% Notes due 2026.

              

        

        

        	

              	6.	
                Indenture, dated as of August 11, 2017, between BlackRock TCP Capital Corp. (formerly known as TCP Capital Corp.) and U.S. Bank National
                  Association, as trustee, as supplemented by (i) the First Supplemental Indenture thereto, dated as of August 11, 2017, relating to the issuance of BlackRock TCP Capital Corp.’s 4.125% Notes due 2022 in an initial aggregate principal
                  amount of $125,000,000, (ii) the Second Supplemental

              

        

        

        
          
            

            

          

          
            

          
            

            

          

        

        

        

        Indenture thereto, dated as of August 23, 2019, relating to the issuance of  BlackRock TCP Capital Corp.’s 3.900% Notes due 2024 in an initial aggregate principal
          amount of $150,000,000 and (iii) the Third Supplemental Indenture, dated as of February 9, 2021, relating to the issuance of BlackRock TCP Capital Corp.’s 2.850% Notes due 2026 in an initial aggregate principal amount of $175,000,000.

        

        

        	

              	7.	
                Loan and Servicing Agreement, dated as of August 4, 2020, as amended by the First Amendment thereto, dated as of September 30, 2020, and the Second Amendment thereto, dated as of
                  February 4, 2021, in amount of up to $200,000,000 among TCPC Funding II, LLC, as borrower, Special Value Continuation Partners LLC, as transferor and servicer, Morgan Stanley Asset Funding Inc., as the administrative agent, each of the
                  lenders from time to time party thereto, as lenders, and Wells Fargo Bank, National Association, as collateral agent, account bank and collateral custodian.

              

        

        

        	

              	8.	
                Commitment Letter, dated as of May 23, 2014, in the amount of $75,000,000 from the U.S. Small Business Association to TCPC SBIC, LP.

              

        

        

        	

              	9.	
                Commitment Letter, dated as of October 13, 2016, in the amount of $75,000,000 from the U.S. Small Business Association to TCPC SBIC, LP.

              

        

        

        	

              	10.	
                Debenture, dated as of July 31, 2014, in the amount of $3,000,000 and I.D. Control #14000574, among TCPC SBIC, LP, the U.S. Small Business Association, SBIC Funding Corporation
                  and JPMorgan Chase Bank, N.A. as custodian.

              

        

        

        	

              	11.	
                Debenture, dated as of August 8, 2014, in the amount of $5,000,000 and I.D. Control #14000573, among TCPC SBIC, LP, the U.S. Small Business Association, SBIC Funding Corporation
                  and JPMorgan Chase Bank, N.A. as custodian.

              

        

        

        	

              	12.	
                Debenture, dated as of August 8, 2014, in the amount of $2,000,000 and I.D. Control #14000575, among TCPC SBIC, LP, the U.S. Small Business Association, SBIC Funding Corporation
                  and JPMorgan Chase Bank, N.A. as custodian.

              

        

        

        	

              	13.	
                Debenture, dated as of August 8, 2014, in the amount of $1,500,000 and I.D. Control #14000576, among TCPC SBIC, LP, the U.S. Small Business Association, SBIC Funding Corporation
                  and JPMorgan Chase Bank, N.A. as custodian.

              

        

        

        	

              	14.	
                Debenture, dated as of September 2, 2014, in the amount of $2,000,000 and I.D. Control #14000898, among TCPC SBIC, LP, the U.S. Small Business Association, SBIC Funding
                  Corporation and JPMorgan Chase Bank, N.A. as custodian.

              

        

        

        	

              	15.	
                Debenture, dated as of September 2, 2014, in the amount of $2,000,000 and I.D. Control #14000899, among TCPC SBIC, LP, the U.S. Small Business Association, SBIC Funding
                  Corporation and JPMorgan Chase Bank, N.A. as custodian.

              

        
          
            

            

          

          
            

          
            

            

          

        

        

        

        	

              	16.	
                Debenture, dated as of September 2, 2014, in the amount of $1,500,000 and I.D. Control #14000900, among TCPC SBIC, LP, the U.S. Small Business
                    Association, SBIC Funding Corporation and JPMorgan Chase Bank, N.A. as custodian.

              

        

        

        	

              	17.	
                Debenture, dated as of September 2, 2014, in the amount of $1,500,000 and I.D. Control #14000901, among TCPC SBIC, LP, the U.S. Small Business Association, SBIC
                  Funding Corporation and JPMorgan Chase Bank, N.A. as custodian.

              

        

        

        	

              	18.	
                Debenture, dated as of December 11, 2014, in the amount of $2,000,000 and I.D. Control #14001243, among TCPC SBIC, LP, the U.S. Small Business Association, SBIC
                  Funding Corporation and JPMorgan Chase Bank, N.A. as custodian.

              

        

        

        	

              	19.	
                Debenture, dated as of December 11, 2014, in the amount of $1,500,000 and I.D. Control #14001244, among TCPC SBIC, LP, the U.S. Small Business Association, SBIC
                  Funding Corporation and JPMorgan Chase Bank, N.A. as custodian.

              

        

        

        	

              	20.	
                Debenture, dated as of December 11, 2014, in the amount of $2,000,000 and I.D. Control #14001245, among TCPC SBIC, LP, the U.S. Small Business Association, SBIC
                  Funding Corporation and JPMorgan Chase Bank, N.A. as custodian.

              

        

        

        	

              	21.	
                Debenture, dated as of December 11, 2014, in the amount of $2,500,000 and I.D. Control #14001246, among TCPC SBIC, LP, the U.S. Small Business Association, SBIC
                  Funding Corporation and JPMorgan Chase Bank, N.A. as custodian.

              

        

        

        	

              	22.	
                Debenture, dated as of December 11, 2014, in the amount of $1,500,000 and I.D. Control #14001247, among TCPC SBIC, LP, the U.S. Small Business Association, SBIC
                  Funding Corporation and JPMorgan Chase Bank, N.A. as custodian.

              

        

        

        	

              	23.	
                Debenture, dated as of June 19, 2015, in the amount of $6,000,000 and I.D. Control #15000542, among TCPC SBIC, LP, the U.S. Small Business Association, SBIC
                  Funding Corporation and JPMorgan Chase Bank, N.A. as custodian.

              

        

        

        	

              	24.	
                Debenture, dated as of September 2, 2015, in the amount of $4,800,000 and I.D. Control #15000947, among TCPC SBIC, LP, the U.S. Small Business Association, SBIC
                  Funding Corporation and JPMorgan Chase Bank, N.A. as custodian.

              

        

        

        	

              	25.	
                Debenture, dated as of December 18, 2015, in the amount of $4,000,000 and I.D. Control #15001298, among TCPC SBIC, LP, the U.S. Small Business Association, SBIC
                  Funding Corporation and JPMorgan Chase Bank, N.A. as custodian.

              

        

        

        	

              	26.	
                Debenture, dated as of March 25, 2016, in the amount of $3,000,000 and I.D. Control #16000374, among TCPC SBIC, LP, the U.S. Small Business Association,

                  SBIC Funding Corporation and JPMorgan Chase Bank, N.A. as custodian.

              

        
          
            

            

          

          
            

          
            

            

          

        

        

        

        	

              	27.	
                Debenture, dated as of March 25, 2016, in the amount of $3,200,000 and I.D. Control #16000375, among TCPC SBIC, LP, the U.S. Small Business
                    Association, SBIC Funding Corporation and JPMorgan Chase Bank, N.A. as custodian.

              

        

        

        	

              	28.	
                Debenture, dated as of April 28, 2016, in the amount of $4,000,000 and I.D. Control #16000373, among TCPC SBIC, LP, the U.S. Small Business Association, SBIC
                  Funding Corporation and JPMorgan Chase Bank, N.A. as custodian.

              

        

        

        	

              	29.	
                Debenture, dated as of April 28, 2016, in the amount of $4,000,000 and I.D. Control #16000376, among TCPC SBIC, LP, the U.S. Small Business Association, SBIC
                  Funding Corporation and JPMorgan Chase Bank, N.A. as custodian.

              

        

        

        	

              	30.	
                Debenture, dated as of April 28, 2016, in the amount of $4,000,000 and I.D. Control #16000377, among TCPC SBIC, LP, the U.S. Small Business Association, SBIC
                  Funding Corporation and JPMorgan Chase Bank, N.A. as custodian.

              

        

        

        	

              	31.	
                Debenture, dated as of June 5, 2017, in the amount of $2,500,000 and I.D. Control #17000361, among TCPC SBIC, LP, the U.S. Small Business Association, SBIC
                  Funding Corporation and JPMorgan Chase Bank, N.A. as custodian.

              

        

        

        	

              	32.	
                Debenture, dated as of June 5, 2017, in the amount of $3,000,000 and I.D. Control #17000362, among TCPC SBIC, LP, the U.S. Small Business Association, SBIC
                  Funding Corporation and JPMorgan Chase Bank, N.A. as custodian.

              

        

        

        	

              	33.	
                Debenture, dated as of June 5, 2017, in the amount of $3,000,000 and I.D. Control #17000363, among TCPC SBIC, LP, the U.S. Small Business Association, SBIC
                  Funding Corporation and JPMorgan Chase Bank, N.A. as custodian.

              

        

        

        	

              	34.	
                Debenture, dated as of June 5, 2017, in the amount of $2,500,000 and I.D. Control #17000364, among TCPC SBIC, LP, the U.S. Small Business Association, SBIC
                  Funding Corporation and JPMorgan Chase Bank, N.A. as custodian.

              

        

        

        	

              	35.	
                Debenture, dated as of June 5, 2017, in the amount of $3,000,000 and I.D. Control #17000365, among TCPC SBIC, LP, the U.S. Small Business
                  Association, SBIC Funding Corporation and JPMorgan Chase Bank, N.A. as custodian.

              

        

        

        	

              	36.	
                Debenture, dated as of October 20, 2017, in the amount of $4,000,000 and I.D. Control #17000836, among TCPC SBIC, LP, the U.S. Small Business Association, SBIC
                  Funding Corporation and JPMorgan Chase Bank, N.A. as custodian.

              

        

        

        	

              	37.	
                Debenture, dated as of October 20, 2017, in the amount of $4,000,000 and I.D. Control #17000837, among TCPC SBIC, LP, the U.S. Small Business Association, SBIC
                  Funding Corporation and JPMorgan Chase Bank, N.A. as custodian.

              

        
          
            

            

          

          
            

          
            

            

          

        

        

        

        	

              	38.	
                Debenture, dated as of March 19, 2018, in the amount of $5,000,000 and I.D. Control #18000254, among TCPC SBIC, LP, the U.S. Small Business
                    Association, SBIC Funding Corporation and JPMorgan Chase Bank, N.A. as custodian.

              

        

        

        	

              	39.	
                Debenture, dated as of March 28, 2018, in the amount of $5,000,000 and I.D. Control #18000255, among TCPC SBIC, LP, the U.S. Small Business Association, SBIC
                  Funding Corporation and JPMorgan Chase Bank, N.A. as custodian.

              

        

        

        	

              	40.	
                Debenture, dated as of March 28, 2018, in the amount of $5,000,000 and I.D. Control #18000256, among TCPC SBIC, LP, the U.S. Small Business Association, SBIC
                  Funding Corporation and JPMorgan Chase Bank, N.A. as custodian.

              

        

        

        	

              	41.	
                Debenture, dated as of June 12, 2019, in the amount of $5,000,000 and I.D. Control #19000376, among TCPC SBIC, LP, the U.S. Small Business Association, SBIC
                  Funding Corporation and JPMorgan Chase Bank, N.A. as custodian.

              

        

        

        	

              	42.	
                Debenture, dated as of June 12, 2019, in the amount of $5,000,000 and I.D. Control #19000377, among TCPC SBIC, LP, the U.S. Small Business Association, SBIC
                  Funding Corporation and JPMorgan Chase Bank, N.A. as custodian.

              

        

        

        	

              	43.	
                Debenture, dated as of June 12, 2019, in the amount of $5,000,000 and I.D. Control #19000378, among TCPC SBIC, LP, the U.S. Small Business Association, SBIC
                  Funding Corporation and JPMorgan Chase Bank, N.A. as custodian.

              

        

        

        	

              	44.	
                Debenture, dated as of June 14, 2019, in the amount of $5,000,000 and I.D. Control #19000379, among TCPC SBIC, LP, the U.S. Small Business Association, SBIC
                  Funding Corporation and JPMorgan Chase Bank, N.A. as custodian.

              

        

        

        	

              	45.	
                Debenture, dated as of July 22, 2019, in the amount of $6,000,000 and I.D. Control #19000536, among TCPC SBIC, LP, the U.S. Small Business Association, SBIC
                  Funding Corporation and JPMorgan Chase Bank, N.A. as custodian.

              

        

        

        	

              	46.	
                Debenture, dated as of July 22, 2019, in the amount of $7,000,000 and I.D. Control #19000537, among TCPC SBIC, LP, the U.S. Small Business Association, SBIC
                  Funding Corporation and JPMorgan Chase Bank, N.A. as custodian.

              

        

        

        	

              	47.	
                Debenture, dated as of July 22, 2019, in the amount of $7,000,000 and I.D. Control #19000540, among TCPC SBIC, LP, the U.S. Small Business Association, SBIC
                  Funding Corporation and JPMorgan Chase Bank, N.A. as custodian.

              

        

        

        	

              	48.	
                Debenture, dated as of March 12, 2021, in the amount of $2,000,000 and I.D. Control #21000230, among TCPC SBIC, LP, the U.S. Small Business Association, SBIC
                  Funding Corporation and JPMorgan Chase Bank, N.A. as custodian.

              

        
          
            

            

          

          
            

          
            

            

          

        

        

        

        	

              	49.	
                Debenture, dated as of March 12, 2021, in the amount of $2,000,000 and I.D. Control #21000233, among TCPC SBIC, LP, the U.S. Small Business Association, SBIC
                  Funding Corporation and JPMorgan Chase Bank, N.A. as custodian.

              

        

        

        	

              	50.	
                Debenture, dated as of March 26, 2021, in the amount of $3,000,000 and I.D. Control #21000231, among TCPC SBIC, LP, the U.S. Small Business Association, SBIC
                  Funding Corporation and JPMorgan Chase Bank, N.A. as custodian.

              

        

        

        	

              	51.	
                Debenture, dated as of March 26, 2021, in the amount of $3,000,000 and I.D. Control #21000232, among TCPC SBIC, LP, the U.S. Small Business Association, SBIC
                  Funding Corporation and JPMorgan Chase Bank, N.A. as custodian.

              

        

        

        	

              	52.	
                Debenture, dated as of March 26, 2021, in the amount of $2,000,000 and I.D. Control #21000234, among TCPC SBIC, LP, the U.S. Small Business Association, SBIC
                  Funding Corporation and JPMorgan Chase Bank, N.A. as custodian.

              

        

        

        

        

        

        

        
          
            

            

          

          
            

          
            

            

          

        

        Schedule 3.11(b)

        Material Liens

        

        

        	

              	1.	
                Loan and Servicing Agreement, dated as of August 4, 2020, as amended by the First Amendment thereto, dated as of September 30, 2020, and the Second Amendment thereto, dated as of
                  February 4, 2021, in amount of up to $200,000,000 among TCPC Funding II, LLC, as borrower, Special Value Continuation Partners LLC, as transferor and servicer, Morgan Stanley Asset Funding Inc., as the administrative agent, each of the
                  lenders from time to time party thereto, as lenders, and Wells Fargo Bank, National Association, as collateral agent, account bank and collateral custodian.

              

        

        

        

        

        

        

        
          
            9

          

          
            

          
            

            

          

        

        Schedule 3.12(a)

        Subsidiaries

        

        

        

        

        	
                Subsidiary Name

              	
                Jurisdiction of Organization

              	
                Holder(s) of Ownership Interest

              	
                Percentage of Ownership Held

              	
                Unencumbered Right to Vote?

              
	
                36th Street Capital Partners Holdings, LLC

              	
                Delaware

              	
                Special Value Continuation Partners LLC

              	
                100%

              	
                Yes

              
	
                TCPC Funding I, LLC

              	
                Delaware

              	
                Special Value Continuation Partners LLC

              	
                100%

              	
                Yes

              
	
                TCPC SBIC, LP

              	
                Delaware

              	
                Special Value Continuation Partners LLC

              	
                100% of Limited Partnership Interest

              	
                Yes

              
	
                TCPC SBIC GP, LLC

              	
                Delaware

              	
                Special Value Continuation Partners LLC

              	
                100%

              	
                Yes

              
	
                TCPC Funding II, LLC

              	
                Delaware

              	
                Special Value Continuation Partners LLC

              	
                100%

              	
                Yes

              

        

        

        

        

        
          
            

            

          

          
            

          
            

            

          

        

        Schedule 3.12(b)

        Investments

        

        

        None.

        

        

        
          
            

            

          

          
            

          
            

            

          

        

        Schedule 6.08

        Certain Affiliate Transactions

        

        

        None.

        
          
            

            

          

          
            

          
            

            

          

        

        

        

        EXHIBIT A

        

        

        FORM OF ASSIGNMENT AND ASSUMPTION

        

        

        This Assignment and Assumption (the “Assignment and Assumption”) is dated as of the Effective Date set forth below and is entered into by
          and between [Insert name of Assignor] (the “Assignor”) and [Insert name of Assignee] (the “Assignee”). Capitalized terms used but not defined herein
          shall have the meanings given to them in the Amended & Restated Credit Agreement identified below (as amended, restated, supplemented or otherwise modified from time to time, the “Credit Agreement”),

          receipt of a copy of which is hereby acknowledged by the Assignee.  The Standard Terms and Conditions set forth in Annex 1 attached hereto are hereby agreed to and incorporated herein by reference and made a part of this Assignment and
          Assumption as if set forth herein in full.

        

        

        For an agreed consideration, the Assignor hereby irrevocably sells and assigns to the Assignee, and the Assignee hereby irrevocably purchases and
          assumes from the Assignor, subject to and in accordance with the Standard Terms and Conditions and the Credit Agreement, as of the Effective Date inserted by the Administrative Agent as contemplated below: (i) all of the Assignor’s rights and
          obligations in its capacity as a Lender under the Credit Agreement and any other documents or instruments delivered pursuant thereto to the extent related to the amount and percentage interest identified below of all of such outstanding rights
          and obligations of the Assignor under the respective facilities identified below (including without limitation any letters of credit and guarantees included in such facilities) and (ii) to the extent permitted to be assigned under applicable law,
          all claims, suits, causes of action and any other right of the Assignor (in its capacity as a Lender) against any Person, whether known or unknown, arising under or in connection with the Credit Agreement, any other documents or instruments
          delivered pursuant thereto or the loan transactions governed thereby or in any way based on or related to any of the foregoing, including contract claims, tort claims, malpractice claims, statutory claims and all claims at law or in equity
          related to the rights and obligations sold and assigned pursuant to clause (i) above (the rights and obligations sold and assigned pursuant to clauses (i) and (ii) above being referred to herein collectively as the “Assigned Interest”). 
          Such sale and assignment is without recourse to the Assignor and, except as expressly provided in this Assignment and Assumption, without representation or warranty by the Assignor.

        

        

        	
                1.

              	
                Assignor:

              	
                ___________________________

              
	 	 	 
	
                2.

              	
                Assignee:

              	
                ___________________________

              
	 	 	
                [and is an Affiliate of [identify Lender]1]

              
	 	 	 
	
                3.

              	
                Borrower:

              	
                Special Value Continuation Partners LLC

              
	 	 	 
	
                4.

              	
                Administrative Agent:  

                

              	
                 ING Capital LLC, as the administrative agent under the Credit Agreement

              

        ________________________

        1 Select as applicable.

        

        

        

        

        
          
            

            

          

          
            

          
            

            

          

        

        
          
            	5.          	Credit Agreement:          	The Amended & Restated Senior Secured Revolving Credit Agreement, dated as of May 6, 2019, among Special Value
                    Continuation Partners LLC, the Lenders from time to time party thereto and ING Capital LLC, as Administrative Agent and Collateral Agent (as amended, restated, supplemented or otherwise modified from time
                      to time)

          

        

        

        

        6.          Assigned Interest:

        

        

        	
                Aggregate Amount of Commitment/Loans for all Lenders

              	
                Amount of Commitment/Loans Assigned

              	
                Percentage Assigned of Aggregate Commitment/Loans2

              
	
                $

              	
                $

              	
                %

              

        

        

        Effective Date: _____________, 20__ [TO BE INSERTED BY ADMINISTRATIVE AGENT AND WHICH SHALL BE THE EFFECTIVE DATE OF RECORDATION OF TRANSFER IN THE REGISTER THEREFOR.]

        

        

        The terms set forth in this Assignment and Assumption are hereby agreed to:

        

        

        	 	
                ASSIGNOR

              
	 	 	 
	 	
                [NAME OF ASSIGNOR]

              
	 	 	 
	 	
                By:  

                

              	
                _________________________

              
	 	 	
                Name:

              
	 	 	
                Title:

              
	 	 	 
	 	
                ASSIGNEE

              
	 	 	 
	 	
                [NAME OF ASSIGNEE]

              
	 	 	 
	 	
                By:

              	
                _________________________

              
	 	 	
                Name:

              
	 	 	
                Title:

              

        

        

        

        

        

        

        ________________________

        2 Set forth, to at least 9 decimals, as a percentage of the Commitment/Loans of all
          Lenders thereunder.

        

        

        

        

        
          
            

            

          

          
            

          
            

            

          

        

        

        

        [Consented to and Accepted:]3

        

        

        ING CAPITAL LLC, as

        Administrative Agent

        

        

        By:______________________________

        Name:

        Title:

        

        

        By:______________________________

        Name:

        Title:

        

        

        

        

        [Consented to:]4

        

        

        

        

        SPECIAL VALUE CONTINUATION PARTNERS LLC

        

        

        By: Tennenbaum Capital Partners, LLC

        Its: Investment Manager

        

        

        By:______________________________

        Name:

        Title: Managing Director

        

        

        

        

        ________________________

        3To be added only when the consent of the Administrative Agent is required by the
          terms of the Credit Agreement.

        4To be added only when the consent of the Borrower is required by the terms of the
          Credit Agreement.

        

        

        

        

        

        

        
          
            

            

          

          
            

          
            

            

          

        

        

        

        ANNEX 1

        

        

        STANDARD TERMS AND CONDITIONS FOR

        ASSIGNMENT AND ASSUMPTION

        

        

        

        

        1.          Representations and Warranties.

        

        

        1.1       Assignor.  The Assignor (a) represents and
            warrants that (i) it is the legal and beneficial owner of the Assigned Interest, (ii) the Assigned Interest is free and clear of any lien, encumbrance or other adverse claim and (iii) it has full power and authority, and has taken all action
            necessary, to execute and deliver this Assignment and Assumption and to consummate the transactions contemplated hereby; and (b) assumes no responsibility with respect to (i) any statements, warranties or representations made in or in
            connection with the Credit Agreement or any other Loan Document, (ii) the execution, legality, validity, enforceability, genuineness, sufficiency or value of the Loan Documents or any collateral thereunder, (iii) the financial condition of the
            Borrower, any of its Subsidiaries or Affiliates or any other Person obligated in respect of any Loan Document or (iv) the performance or observance by the Borrower, any of its Subsidiaries or Affiliates or any other Person of any of their
            respective obligations under any Loan Document.

        

        

        1.2       Assignee.  The Assignee (a) represents and
            warrants that (i) it has full power and authority, and has taken all action necessary, to execute and deliver this Assignment and Assumption and to consummate the transactions contemplated hereby and to become a Lender under the Credit
            Agreement, (ii) it satisfies the requirements, if any, specified in the Credit Agreement that are required to be satisfied by it in order to acquire the Assigned Interest and become a Lender, (iii) from and after the Effective Date, it shall be
            bound by the provisions of the Credit Agreement as a Lender thereunder and, to the extent of the Assigned Interest, shall have the obligations of a Lender thereunder, (iv) it has received a copy of the Credit Agreement, and has received or has
            been accorded the opportunity to receive copies of the most recent financial statements delivered pursuant to Section 5.01 thereof, as applicable, and such other documents and information as it deems appropriate to make its own credit
            analysis and decision to enter into this Assignment and Assumption and to purchase the Assigned Interest, (v) it has made such analysis and decision independently and without reliance on the Administrative Agent or any other Lender, and (vi) if
            it is a Foreign Lender, attached to the Assignment and Assumption is any documentation required to be delivered by it pursuant to the terms of the Credit Agreement, duly completed and executed by the Assignee; and (b) agrees that (i) it will,
            independently and without reliance on the Administrative Agent, the Assignor or any other Lender, and based on such documents and information as it shall deem appropriate from time to time, continue to make its own credit decisions in taking or
            not taking action under or based upon the Loan Documents or any related agreement or any document furnished thereunder, and (ii) it will perform in accordance with their terms all of the obligations which by the terms of the Loan Documents are
            required to be performed by it as a Lender.

        
          
            

            

          

          
            

          
            

            

          

        

        

        

        2.          Payments.  From and after the Effective
            Date, the Administrative Agent shall make all payments in respect of the Assigned Interest (including payments of principal, interest, fees and other amounts) to the Assignor for amounts which have accrued to but excluding the Effective Date
            and to the Assignee for amounts which have accrued from and after the Effective Date.

        

        

        3.          General Provisions.  The provisions of this
            Assignment and Assumption shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns.  This Assignment and Assumption may be executed in any number of counterparts (and by different parties
            hereto on different counterparts), each of which shall constitute an original, but all of which when taken together shall constitute a single contract.  Delivery of an executed counterpart of a signature page of this Assignment and Assumption
            by telecopy or electronic mail shall be effective as delivery of a manually executed counterpart of this Assignment and Assumption.  This Assignment and Assumption shall be construed in accordance with and governed by the law of the State of
            New York.

        

        

        

        

        
          
            

            

          

          
            

          
            

            

          

        

        EXHIBIT B

        

        

        FORM OF BORROWING BASE CERTIFICATE

        

        

        [Monthly accounting period ended ______________, 20__]

        

        

        Reference is made to that certain Amended & Restated Senior Secured Revolving Credit Agreement, dated as of May 6, 2019 (as
          amended, restated, supplemented or otherwise modified from time to time, the “Credit Agreement”), by and among SPECIAL VALUE CONTINUATION PARTNERS LLC, a Delaware limited liability company (the “Borrower”), the Lenders from time to
          time party thereto, and ING CAPITAL LLC, as the Administrative Agent and Collateral Agent.  Capitalized terms used herein without definition are so used as defined in the Credit Agreement.

        

        

        [Pursuant to Section 5.01(f) of
            the Credit Agreement, the undersigned, the ________________ of the Borrower, and as such a Financial Officer of the Borrower, hereby certifies, represents and warrants on behalf of the Borrower that]5 (a) attached hereto is (i) a complete and correct list as at the end of the monthly accounting period ended _______________, 20__, of all
            Portfolio Investments included in the Collateral as well as a summary of Portfolio Investment changes from the previous month (including changes in value, new and liquidated investments from the previously delivered Borrowing Base Certificate),
            (ii) a true and correct calculation of the Borrowing Base as at the end of such monthly accounting period determined in accordance with the requirements of the Credit Agreement, (iii) a true and correct Excel schedule containing information
            that is, unless the Administrative Agent shall otherwise agree, substantially similar to the information included on the Excel schedule included in the Borrowing Base Certificate delivered to the Administrative Agent as of the Original
            Effective Date pursuant to Section 4.01(1) of the Existing Credit Agreement, (iv) a true and correct calculation of the External Quoted Value in accordance with
            methodologies described in Sections 5.12(b)(ii)(A)(w), (x), (y) and (z), including screenshots showing actual bid prices or, as applicable, closing prices
            and (v) the trailing twelve-month total debt to EBITDA ratio of each Portfolio Company that is the issuer of an Eligible Portfolio Investments, (b) without limiting the generality of the foregoing, all
            Portfolio Investments included in the calculation of the Borrowing Base herein are Eligible Portfolio Investments, [and] (c) without limiting the generality of the foregoing, all Eligible Portfolio Investments included in the calculation of the
            Borrowing Base herein have been Delivered (as defined in the Guarantee and Security Agreement) to the Collateral Agent [and (d) a true and correct calculation (with reasonable detail) of the amount of the [Borrowing Base Deficiency][Borrowing
            Base decline] for such period]6.

        

        

        ________________________

        5 When there is a Borrowing Base Deficiency or knowledge that the Borrowing Base
          has declined by more than 15% from the Borrowing Base stated in the Borrowing Base Certificate last delivered by the Borrower to the Administrative Agent, replace the bracketed language with the following: [Pursuant to Section 5.01(g) of
          the Credit Agreement, the undersigned, the ________________ of the Borrower, and as such a Financial Officer of the Borrower, hereby certifies, represents and warrants on behalf of the Borrower that, as of the date hereof, [there is a Borrowing
          Base Deficiency][the Borrowing Base has declined by more than 15% from the Borrowing Base stated in the Borrowing Base Certificate last delivered to the Administrative Agent] and]

        6 To be included when a Borrowing Base Certificate is required to be delivered
          under Section 5.01(g) of the Credit Agreement.

        

        

        

        

        
          
            

            

            

            

          

          
            

          
            

            

          

        

        

        

        IN WITNESS WHEREOF, the undersigned has caused this certificate to be duly executed as of the _____________ day of _________, 20__.

        

        

        

        

        	 	
                SPECIAL VALUE CONTINUATION PARTNERS LLC

              
	 	 
	 	
                By: Tennenbaum Capital Partners, LLC

              
	 	
                Its: Investment Manager

              
	 	 
	 	 
	 	
                By:_____________________________

              
	 	
                Name:

              
	 	
                Title: Managing Director

              

        

        

        

        

        

        

        

        

        

        

        

        

        [Signature Page to Borrowing Base Certificate]

        

        

        

        

        
          
            

            

          

          
            

          
            

            

          

        

        Annex 1

        List of Eligible Portfolio Investments

        (see attached List of Eligible Portfolio Investments)

         

        

         

        

        
          
            

            

          

          
            

          
            

            

          

        

        Borrowing Base Calculation

        

        

        	
                (1)   Total Borrowing Base

                (Adjusted as detailed in Exhibit A to Annex 1)

              	
                

                  $__________   

                

              
	
                (2)   Calculation of Covered Debt Amount

                (a)   Revolving Credit Exposure

                (b)   Other Covered Indebtedness

              	
                 

                $__________   

                

                $__________   

                

              
	
                (c)   Total Covered Debt Amount

                ((2)(a) plus (2)(b))

              	
                

                  $__________   

                

              
	
                (3)   Available Borrowing Base (Borrowing Base
                    Deficiency)

                ((1) minus (2)(c))

              	
                 

                $__________   

                

              

        

        

        
          
            

            

          

          
            

          
            

            

          

        

        

        
          

          

        

        Exhibit A to Annex 1

        Adjustments to Total Borrowing Base Calculations

        	(a)	
                Condition:   The Advance Rate applicable to the aggregate Value of all Eligible Portfolio Investments in their entirety shall be 0% at any time when the Borrowing Base is
                  composed entirely of Eligible Portfolio Investments issued by fewer than 20 different issuers;

              

        Number of issuers:  ___

        Adjustments:  [None]

        	(b)	
                Condition:   With respect to all Eligible Portfolio Investments issued by a single issuer, the Advance Rate applicable to that portion of such Eligible Portfolio Investments
                  that exceeds 5.0% of the Obligors’ Net Worth shall be 0%; provided that, with respect to each of the three (3) largest Portfolio Companies that constitute Eligible Portfolio Investments (based on the fair value of the Eligible
                  Portfolio Investments), only that portion of such Eligible Portfolio Investments issued by such Portfolio Companies that exceeds 7.5% of the Obligors’ Net Worth shall have an Advance Rate of 0%;

              

        Obligors’ Net Worth:  $_______________

        5.0% of Obligors’ Net Worth:  $_______________

        7.5% of Obligors’ Net Worth: $_______________

        Three (3) largest Portfolio Companies that constitute Eligible Portfolio Investments:

        

        

        	

              	[Name of Portfolio Company]	
                $_______________

              

        	

              	[Name of Portfolio Company]	
                $_______________

              

        	

              	[Name of Portfolio Company]	
                $_______________

              

        Portion of all Eligible Portfolio Investments in each of the three (3) largest Portfolio Companies that exceeds 7.5% of the Obligors’ Net Worth:

        

        

        	

              	[Name of Portfolio Company]	
                $_______________

              

        	

              	[Name of Portfolio Company]	
                $_______________

              

        	

              	[Name of Portfolio Company]	
                $_______________

              

        

        

        Adjustments:  [None]

        
          
            

            

          

          
            

          
            

            

          

        

        

        

        	(c)	
                Condition:    The portion of the Borrowing Base attributable to Eligible Portfolio Investments in any Industry Classification Group shall not exceed (i) in the case of an
                  Industry Classification Group that is one of the Two Largest Industry Classification Groups, 20% of the Borrowing Base and (ii) in the case of any other Industry Classification Group, 15% of the Borrowing Base, and the Borrowing Base
                  shall be reduced by removing Eligible Portfolio Investments therefrom (but not from the Collateral) to the extent such portion would otherwise exceed 20% of the Borrowing Base or 15% of the Borrowing Base, as applicable;

              

        Portion of the Borrowing Base attributable to Eligible Portfolio Investments in each of the Industry
          Classification Groups that are part of the Two Largest Industry Classification Groups:

        [Name of Largest Industry Classification Group]:     $_______________            __._%

        [Name of 2nd-Largest Group]:                                          $_______________          __._%

        Portion of the Borrowing Base attributable to Eligible Portfolio Investments in any other Industry
          Classification Group that exceeds 15% of the Borrowing Base:

        	

              	[Name of Group]:	
                $_______________            __._%

              

        	

              	[Name of Group]:	
                $_______________            __._%

              

        	

              	[Name of Group]:	
                $_______________            __._%

              

        	

              	[Name of Group]:	
                $_______________            __._%

              

        Adjustments:  [None]

        	(d)	
                Condition:    If at any time the weighted average maturity of all Debt Eligible Portfolio Investments (based on the fair value of such Eligible Portfolio Investments to the
                  extent included in the Borrowing Base) exceeds 5.0 years, the Borrowing Base shall be reduced by removing Debt Eligible Portfolio Investments therefrom (but not from the Collateral) to the extent necessary to cause the weighted average
                  maturity of all Debt Eligible Portfolio Investments included in the Borrowing Base to be no greater than 5.0 years (subject to all other constraints, limitations and restrictions set forth in the Credit Agreement);

              

        Weighted average maturity of all Debt Eligible Portfolio Investments:  __.__ years

        Adjustments:  [None]

        	(e)	
                Condition:    The portion of the Borrowing Base attributable to Debt Eligible Portfolio Investments with a maturity greater than seven (7) years shall not exceed 15% of the
                  Borrowing Base, and the Borrowing Base shall be reduced by removing Eligible Portfolio Investments therefrom (but not from the Collateral) to the extent such portion would otherwise exceed 15% of the Borrowing Base;

              

        Portion of the Borrowing Base attributable to Debt Eligible Portfolio Investments with a maturity
          greater than 7 years:  $_______________ or ___%

        Adjustments:  [None]

        
          
            

            

          

          
            

          
            

            

          

        

        

        

        	(f)	
                Condition:    If at any time the Weighted Average Leverage Ratio is greater than 4.75, the Borrowing Base shall be reduced by removing Debt Eligible Portfolio Investments
                  therefrom (but not from the Collateral) to the extent necessary to cause the Weighted Average Leverage Ratio to be no greater than 4.75 (subject to all other constraints, limitations and restrictions set forth in the Credit Agreement); provided
                  that any LTV Transactions shall be excluded from such calculation;

              

        Weighted Average Leverage Ratio:  _.__x

        Adjustments:  [None]

        	(g)	
                Condition:    The portion of the Borrowing Base attributable to Eligible Portfolio Investments issued by one or more Portfolio Companies with a trailing twelve-month total debt
                  to EBITDA ratio of greater than 6.00 to 1.00 shall not exceed 15% of the Borrowing Base, and the Borrowing Base shall be reduced by removing Eligible Portfolio Investments therefrom (but not from the Collateral) to the extent such portion
                  would otherwise exceed 15% of the Borrowing Base; provided that any LTV Transactions shall be excluded from such calculation;

              

        Portion of the Borrowing Base attributable to Eligible Portfolio Investments issued by Portfolio
          Companies with a trailing twelve-month debt to EBITDA ratio of greater than 6.00 to 1.00:  $_______________ or ___%

        Adjustments:  [None]

        	(h)	
                Condition:    The portion of the Borrowing Base attributable to Eligible Portfolio Investments that are Non-Core Investments shall not exceed 15% of the Borrowing Base, and the
                  Borrowing Base shall be reduced by removing Eligible Portfolio Investments therefrom (but not from the Collateral) to the extent such portion would otherwise exceed 15% of the Borrowing Base;

              

        Portion of the Borrowing Base attributable to Eligible Portfolio Investments that are Non-Core Investments: 
          $_______________ or ___%

        Adjustments:  [None]

        	(i)	
                Condition:    The portion of the Borrowing Base attributable to Eligible Portfolio Investments that are not Cash in Dollars, Cash Equivalents, Long-Term U.S. Government
                  Securities or Performing First Lien Bank Loans shall not exceed 60% of the Borrowing Base, and the Borrowing Base shall be reduced by removing Eligible Portfolio Investments therefrom (but not from the Collateral) to the extent such
                  portion would otherwise exceed 60% of the Borrowing Base;

              

        Portion of the Borrowing Base attributable to Eligible Portfolio Investments that are not Cash in Dollars, Cash
          Equivalents, Long-Term U.S. Government Securities or Performing First Lien Bank Loans:  $_______________ or ___%

        Adjustments:  [None]

        
          
            

            

          

          
            

          
            

            

          

        

        

        

        	(j)	
                Condition:    The portion of the Borrowing Base attributable to Eligible Portfolio Investments that are not Cash in Dollars, Cash Equivalents, Long-Term U.S. Government
                  Securities, Performing First Lien Bank Loans, Performing Last Out Loans, or Performing Second Lien Bank Loans shall not exceed 25% of the Borrowing Base, and the Borrowing Base shall be reduced by removing Eligible Portfolio Investments
                  therefrom (but not from the Collateral) to the extent such portion would otherwise exceed 25% of the Borrowing Base;

              

        Portion of the Borrowing Base attributable to Eligible Portfolio Investments that are not Cash in
          Dollars, Cash Equivalents, Long-Term U.S. Government Securities, Performing First Lien Bank Loans, Performing Last out Loans, or Performing Second Lien Bank Loans:  $_______________ or ___%

        Adjustments:  [None]

        	(k)	
                Condition:    If at any time the Weighted Average Fixed Coupon (after giving effect to any Hedging Agreement) is less than the greater of (i) 8% and (ii) the Benchmark in
                  effect as of the date of determination for deposits in the applicable Currency for a period of one (1) month plus 4.5%, the Borrowing Base shall be reduced by removing Debt Eligible Portfolio Investments therefrom (but not from the
                  Collateral) to the extent necessary to cause the Weighted Average Fixed Coupon to be at least equal to the greater of (x) 8% and (y) the Benchmark in effect as of the date of determination for deposits in the applicable Currency for a
                  period of one (1) month plus 4.5% (subject to all other constraints, limitations and restrictions set forth in the Credit Agreement);

              

        Weighted Average Fixed Coupon:  __._%

        Adjustments:  [None]

        	(l)	
                Condition:    If at any time the Weighted Average Floating Spread (after giving effect to any Hedging Agreement) is less than 4.5%, the Borrowing Base shall be reduced by
                  removing Debt Eligible Portfolio Investments therefrom (but not from the Collateral) to the extent necessary to cause the Weighted Average Floating Spread to be at least 4.5% (subject to all other constraints, limitations and restrictions
                  set forth in the Credit Agreement);

              

        Weighted Average Floating Spread:  __._%

        Adjustments:  [None]

        
          
            

            

          

          
            

          
            

            

          

        

        

        

        	(m)	
                Condition:    The portion of the Borrowing Base attributable to Eligible Portfolio Investments that are LTV Transactions shall not exceed 20% of the Borrowing Base, and the
                  Borrowing Base shall be reduced by removing Eligible Portfolio Investments therefrom (but not from the Collateral) to the extent such portion would otherwise exceed 20% of the Borrowing Base;

              

        Portion of the Borrowing Base attributable to Eligible Portfolio Investments that are LTV
          Transactions:  $_______________ or ___%

        Adjustments:  [None]

        	(n)	
                Condition:    The portion of the Borrowing Base attributable to Eligible Portfolio Investments that are Foreign Eligible Portfolio Investments shall not exceed 15% of the
                  Borrowing Base, and the Borrowing Base shall be reduced by removing Eligible Portfolio Investments therefrom (but not from the Collateral) to the extent such portion would otherwise exceed 15% of the Borrowing Base;

              

        Portion of the Borrowing Base attributable to Eligible Portfolio Investments that are Foreign Eligible
          Portfolio Investments:  $_______________ or ___%

        Adjustments:  [None]

        	(o)	
                Condition:    The Advance Rate applicable to that portion of the Borrowing Base that is either (I) Agreed Foreign Currency Cash or (II) Cash Equivalents, in either case that is
                  (i) issued by a jurisdiction other than the United States or a Permitted Foreign Jurisdiction, (ii) not otherwise hedged to the satisfaction of the Administrative Agent in its sole discretion and (iii) in excess of the then current amount
                  of Loans outstanding in the respective Currency of such Agreed Foreign Currency Cash or Cash Equivalents, shall be 90% of the otherwise applicable Advance Rate;

              

        Advance Rate applicable to the foregoing:  90%

        Adjustments:  [None]

        	(p)	
                Condition:    The portion of the Borrowing Base attributable to Eligible Portfolio Investments issued by Third Party Finance Companies shall not exceed 5% of the Borrowing
                  Base, and the Borrowing Base shall be reduced by removing Eligible Portfolio Investments therefrom (but not from the Collateral) to the extent such portion would otherwise exceed 5% of the Borrowing Base;

              

        Portion of the Borrowing Base attributable to Eligible Portfolio Investments that are issued by Third
          Party Finance Companies:  $_______________ or ___%

        Adjustments:  [None]

        
          
            

            

          

          
            

          
            

            

          

        

        

        

        	(q)	
                Condition:    The portion of the Eligible Portfolio Investments that are No External Review Assets shall not exceed 5% of all Eligible Portfolio Investments, and the Eligible
                  Portfolio Investments contributing to the Borrowing Base shall be reduced by removing Eligible Portfolio Investments therefrom (but not from the Collateral) to the extent such portion would otherwise exceed 5% of all Eligible Portfolio
                  Investments;

              

        Portion of the Eligible Portfolio Investments that are No External Review Assets: 
          $_______________ or ___%

        Adjustments:  [None]

        	(r)	
                Condition:    The portion of the Eligible Portfolio Investments that are Limited Reference Quoted Investments shall not exceed 10% of all Eligible Portfolio Investments, and
                  the Eligible Portfolio Investments contributing to the Borrowing Base shall be reduced by removing Eligible Portfolio Investments therefrom (but not from the Collateral) to the extent such portion would otherwise exceed 10% of all
                  Eligible Portfolio Investments;

              

        Portion of the Eligible Portfolio Investments that are Limited Reference Quoted
          Investments:  $_______________ or ___%

        Adjustments:  [None]

        

        

        
          
            

            

          

          
            

          
            

            

          

        

        Annex 2

        Excel Schedule

        (see attached Excel Schedule)

         

        

        
          
            

            

          

          
            

          
            

            

          

        

        Annex 3

        External Quoted Value Calculation

        (see attached calculation of the External Quoted Value)

        

        

        

        

        
          
            

            

          

          
            

          
            

            

          

        

        

        

        EXHIBIT C

        FORM OF PROMISSORY NOTE

        $[___,___,___]

        	
                [mm/dd/yy]

              	
                New York, New York

              

        

        

        For value received, SPECIAL VALUE CONTINUATION PARTNERS LLC, a Delaware limited liability company, (the “Borrower”), promises to pay [LENDER] (the “Payee”)

          or its registered assigns, on or before [________, 20__], the lesser of (a) [DOLLARS] ($[___,___,___]) and (b) the aggregate unpaid principal amount of all Loans of the Payee to the Borrower outstanding under the Credit Agreement referred to
          below.

        

        

        The Borrower also promises to pay interest on the unpaid principal amount hereof, from the date hereof until paid in full, at the rates and at the times which shall be
          determined in accordance with the provisions of that certain Amended & Restated Senior Secured Revolving Credit Agreement, dated as of May 6, 2019 (as amended, restated, supplemented or otherwise modified from
            time to time, the “Credit Agreement”), by and among the Borrower, the Lenders from time to time party thereto, and ING CAPITAL LLC, as the Administrative Agent and
            Collateral Agent.  Capitalized terms used herein without definition are so used as defined in the Credit Agreement.

        

        

        This Promissory Note (this “Note”) is one of the promissory notes referred to in Section 2.07(f) of the Credit Agreement and is issued pursuant to and entitled
          to the benefits of the Credit Agreement, to which reference is hereby made for a more complete statement of the terms and conditions under which the Loans evidenced hereby were made and are to be repaid.

        

        

        All payments of principal and interest in respect of this Note shall be made in lawful money of the United States of America in immediately available funds to the
          Administrative Agent’s Account or as otherwise required by the terms of the Credit Agreement.  Unless and until an Assignment and Assumption effecting the assignment or transfer of the obligations evidenced hereby shall have been accepted by
          Administrative Agent and recorded in the Register, the Borrower, the Lenders and the Administrative Agent shall be entitled to deem and treat the Payee as the owner and holder of this Note and the obligations evidenced hereby. The Payee hereby
          agrees, by its acceptance hereof, that before disposing of this Note or any part hereof it will make a notation hereon of all principal payments previously made hereunder and of the date to which interest hereon has been paid; provided, the
          failure to make a notation of any payment made on this Note shall not limit or otherwise affect the obligations of the Borrower hereunder with respect to payments of principal of or interest on this Note.

        

        

        This Note is subject to mandatory prepayment and to prepayment at the option of the Borrower, each as provided in the Credit Agreement.

        

        

        THIS NOTE SHALL BE CONSTRUED IN ACCORDANCE WITH AND GOVERNED BY THE LAW OF THE STATE OF NEW YORK.

        
          
            

            

            

            

          

          
            

          
            

            

          

        

        

        

        Upon the occurrence and continuation of an Event of Default that has not been waived or cured, the unpaid balance of the principal amount of this Note, together with
          all accrued and unpaid interest thereon, may become, or may be declared to be, due and payable in the manner, upon the conditions and with the effect provided in the Credit Agreement.

        

        

        The terms of this Note are subject to amendment only in the manner provided in the Credit Agreement.

        

        

        No reference herein to the Credit Agreement and no provision of this Note or the Credit Agreement shall alter or impair the obligations of the Borrower, which are
          absolute and unconditional, to pay the principal of and interest on this Note at the place, at the respective times, and in the currency herein prescribed.

        

        

        The Borrower promises to pay all out-of-pocket costs and expenses, including attorneys’ fees, all as provided in (and subject to the limitations in) the Credit
          Agreement, incurred in connection with the collection and enforcement of this Note.  The Borrower and any endorsers of this Note hereby consent to renewals and extensions of time at or after the maturity hereof, without notice, and hereby
          expressly waive diligence, presentment, demand of payment, protest, and all notices whatsoever, and, to the full extent permitted by law, the right to plead any statute of limitations as a defense to any demand hereunder.

        

        

        

        

         [Remainder of page intentionally left blank]

        
          
            

            

            

            

          

          
            

          
            

            

          

        

        

        

        IN WITNESS WHEREOF, the Borrower has caused this Note to be duly executed and delivered
          by its officer thereunto duly authorized as of the date and at the place first written above.

        	 	
                SPECIAL VALUE CONTINUATION

                PARTNERS LLC

              
	 	 	 
	 	
                By: Tennenbaum Capital Partners, LLC

              
	 	
                Its: Investment Manager

              
	 	 	 
	 	 	 
	 	
                By:   

                

              	 
	 	 	
                Name:

              
	 	 	
                Title: Managing Director

              

        

        

        

        

        

        

        

        

        [Signature Page to Promissory Note]

        

        

        

        

        
          
            

            

            

            

          

          
            

          
            

            

          

        

        EXHIBIT D

        FORM OF BORROWING REQUEST

        ________________, 20__

        

        

        	To:	
                Dominik Breuer

              

        ING Capital LLC,

        as Administrative Agent for the Lenders party to

        the Credit Agreement referred to below

        1133 Avenue of the Americas

        New York, NY 10036

        

        

        	

              	Re:	
                Amended & Restated Senior Secured Revolving Credit Agreement, dated as of May 6, 2019 (as amended, restated, supplemented or otherwise
                  modified from time to time, the “Credit Agreement”), among Special Value Continuation Partners LLC (the “Borrower”), the Lenders from time to time party thereto, and ING Capital LLC (“ING”), as administrative agent
                  and collateral agent (in such capacity, the “Administrative Agent”).

              

        

        

        Ladies and Gentlemen:

        

        

        Unless otherwise defined herein, capitalized terms used herein shall have the meanings attributable thereto in the Credit Agreement.  This Borrowing Request is
          subject to the terms of the Credit Agreement.

        

        

        The Borrower hereby gives you irrevocable notice, pursuant to Section 2.03 of the Credit Agreement, that the Borrower hereby requests that Loans, as
          specified below, under the Credit Agreement be made, and in that connection set forth below is the information related to the proposed borrowing (the “Proposed Borrowing”) as required by Section 2.03 of the Credit Agreement:

        

        

        	

              	1.	
                The aggregate principal amount of the Proposed Borrowing under the Credit Agreement shall be $_________________.

              

        	

              	2.	
                The Proposed Borrowing is to be made [under the [Dollar Commitments][Multicurrency Commitments]][as a Pro-Rata Borrowing and the Pro-Rata Dollar Portion is [$]__________ and the
                  Pro-Rata Multicurrency Portion is [$]___________].

              

        	

              	3.	
                The Currency of the requested Borrowing is ___________.

              

        

        

        	

              	4.	
                The date of the Proposed Borrowing under the Credit Agreement shall be [], 20__.

              

        

        

        	

              	5.	
                The Proposed Borrowing under the Credit Agreement shall be a(n):

              

        

        

        	

              	

              	
                Eurocurrency Borrowing

              

        	

              	

              	
                ABR Borrowing

              

        

        

        	

              	6.	
                If the Borrower has elected to obtain a Eurocurrency Borrowing, the duration of the Interest Period with respect thereto shall be:

              

        

        

        	

              	

              	
                1 month

              

        	

              	

              	
                2 months

              

        	

              	

              	
                3 months

              

        	

              	

              	
                6 months7

              

        

        

        	

              	7.	
                The Borrower hereby instructs you to wire the Proposed Borrowing amount to the following account:

              

        

        

        Bank Name: 

        ABA Routing Number: 

        Account Number: 

        Account Name: 

        Reference: 

        

        

        	

              	8.	
                The Applicable Margin of the Proposed Borrowing as of the date hereof is [__]% as determined by reference to Annex I hereto.

              

        

        

        	

              	9.	
                The Borrower hereby certifies that, as of the date hereof and the date of the Proposed Borrowing, each of the conditions set forth in Section 4.02 of the Credit Agreement
                  for the making of such Loans has been met.

              

        

        

        [Remainder of page intentionally left blank]

        

        

        

        

        ________________________

        7 6 months Interest Period is not available for Eurocurrency Borrowings in Canadian
          Dollars.

        

        

        

        

        

        

        
          
            

            

            

            

          

          
            

          
            

            

          

        

        The Borrower has caused this Borrowing Request to be executed and delivered by its duly authorized officer as of the date first written above.

        

        

        

        

        	 	
                SPECIAL VALUE CONTINUATION PARTNERS LLC

              
	 	 	 
	 	
                By: Tennenbaum Capital Partners, LLC

              
	 	
                Its: Investment Manager

              
	 	 	 
	 	
                By:

              	 
	 	
                Name:

              	 
	 	
                Title:

              	
                Managing Director

              

        

        

        

        

        

        

        

        

        

        

        

        

        [Signature Page to Borrowing Request]

        

        

        

        

        

        

        
          
            

            

          

          
            

          
            

            

          

        

        Annex I to Borrowing Request

        

        

        CALCULATION OF APPLICABLE MARGIN

        

        

        	

              	1.	
                The ratio of the Borrowing Base (as of the most recently delivered Borrowing Base Certificate) to the Combined Debt Amount is [not] greater than or equal to 1.85 at the time of
                  the Proposed Borrowing.

              

        

        

        	

              	2.	
                The Proposed Borrowing is [an ABR Borrowing] [a Eurocurrency Borrowing] [an RFR Borrowing].

              

        

        

        	

              	3.	
                The Applicable Margin for the Proposed Borrowing is [0.75/1.75/1.75]8 /[1.00/2.00/2.00]9%.

              

        

        

        

        

        

        

        

        

        _________________________

        8Where the ratio is greater than or equal to 1.85.

        9Where the ratio is less than 1.85.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00329-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00329-of-00352.parquet"}]]