Document:

Exhibit 10.1

 

SHARE EXCHANGE AGREEMENT

 

THIS SHARE EXCHANGE AGREEMENT
(this “Agreement”), is entered into as of December 26, 2021 (the “Effective Date”), among GRESHAM
WORLDWIDE, INC., a Delaware corporation (the “GWW”), BITNILE HOLDINGS, INC., a Delaware corporation (“BitNile”)
and GIGA-TRONICS INCORPORATED, a California corporation (“Giga”). Capitalized terms used in this Agreement and
not otherwise defined herein shall have the meanings as reflected in Article I.

 

WHEREAS, BitNile owns
100% of the issued and outstanding shares of capital stock of GWW (the “GWW Shares”);

 

WHEREAS, the board
of directors of Giga (the “Giga Board”) has unanimously: (a) determined that it is in the best interests
of Giga and the holders of 100% of the issued and outstanding shares of common stock of Giga, no par value per share (the “Giga
Common Stock”), and declared it advisable, to enter into this Agreement with BitNile and GWW; (b) approved the execution, delivery,
and performance of this Agreement and the consummation of the transactions contemplated hereby; and (c) resolved, subject to the terms
and conditions set forth in this Agreement, to recommend approval of the Share Exchange by the stockholders
of Giga, in accordance with the California General Corporation Law (the “CGCL”); 

 

WHEREAS, each of the
board of directors of GWW (the “GWW Board”), the board of directors of BitNile, and BitNile, in its capacity as the
sole holder of the GWW Shares, have approved this Agreement and the Share Exchange;

 

WHEREAS, upon and subject
to closing of the Share Exchange, and as an additional inducement to the willingness of Giga to enter into this Agreement, BitNile will
lend to Giga four million two hundred and fifty thousand dollars ($4,250,000) pursuant to a convertible promissory note, the form of which
is attached to the form of Securities Purchase Agreement in the form attached hereto as Exhibit A to this Agreement (the “Closing
Date Loan”); and

 

WHEREAS, the parties
desire to make certain representations, warranties, covenants, and agreements in connection with the Share Exchange and the other transactions
contemplated by this Agreement and also to prescribe certain terms and conditions to the Share Exchange.

 

NOW, THEREFORE, in
consideration of the foregoing and of the representations, warranties, covenants, and agreements contained in this Agreement, the parties,
intending to be legally bound, agree as follows:

 

    	 		 

    	 

    

 

ARTICLE I

DEFINITIONS

 

Section
1.01  Certain Definitions. For purposes of this Agreement, the
following capitalized terms have the following meanings set forth below:

 

“Acceptable Confidentiality
Agreement” means a confidentiality and standstill agreement that contains confidentiality and standstill provisions that are
no less favorable in all material respects to a party hereto than those contained in the Confidentiality Agreement.

 

“Affiliate”
means, with respect to any Person, any other Person that directly or indirectly controls, is controlled by, or is under common control
with, such first Person. For the purposes of this definition, “control” (including, the terms “controlling,” “controlled
by,” and “under common control with”), as applied to any Person, means the possession, directly or indirectly, of the
power to direct or cause the direction of the management and policies of that Person, whether through the ownership of voting securities,
by Contract, or otherwise.

 

“Affordable Care Act”
means the Patient Protection and Affordable Care Act (PPACA), as amended by the Health Care and Education Reconciliation Act (HCERA).

 

“Business Day”
means any day, other than Saturday, Sunday, or any day on which banking institutions located in New York, New York are authorized or required
by Law or other governmental action to close.

 

“Charter Documents”
means: (a) with respect to a corporation, the articles or certificate of incorporation, as applicable, and bylaws thereto; (b) with respect
to a limited liability company, the certificate of formation or organization, as applicable, and the operating or limited liability company
agreement, as applicable, thereto; (c) with respect to a partnership, the certificate of formation and the partnership agreement, as applicable,
thereto; and (d) with respect to any other Person, the organizational, constituent and/or governing documents and/or instruments of such
Person.

 

“COBRA” means
the Consolidated Omnibus Budget Reconciliation Act of 1985, as amended, and as codified in Section 4980B of the Code and Section 601 et.
seq. of ERISA.

 

“Code” means
Internal Revenue Code of 1986, as amended.

 

“Contracts”
means any contracts, agreements, licenses, notes, bonds, mortgages, indentures, leases, or other binding instruments or binding commitments,
whether written or oral.

 

“COVID-19”
means the disease known as coronavirus or COVID-19.

 

“COVID-19 Measures”
means any quarantine, “shelter in place,” “stay at home,” workforce reduction, social distancing, shut down, closure,
sequester or any other Law, order, or directive by any Governmental Authority.

 

“Effect”
has the meaning set forth in the definition of “GWW Material Adverse Effect.”

 

    	 		 

    	 

    

 

“Environmental Laws”
means any applicable Law, Order or binding agreement with any Governmental Authority: (a) relating to pollution (or the cleanup thereof)
or the protection of natural resources, endangered or threatened species, human health or safety, or the environment (including ambient
air, soil, surface water or groundwater, or subsurface strata); or (b) concerning the presence of, exposure to, or the management, manufacture,
use, containment, storage, recycling, reclamation, reuse, treatment, generation, discharge, transportation, processing, production, disposal
or remediation of any Hazardous Materials. The term “Environmental Laws” includes, without limitation, the following (including
their implementing regulations and any state analogs): the Comprehensive Environmental Response, Compensation, and Liability Act of 1980,
as amended by the Superfund Amendments and Reauthorization Act of 1986, 42 U.S.C. §§ 9601 et seq.; the Solid Waste Disposal
Act, as amended by the Resource Conservation and Recovery Act of 1976, as amended by the Hazardous and Solid Waste Amendments of 1984,
42 U.S.C. §§ 6901 et seq.; the Federal Water Pollution Control Act of 1972, as amended by the Clean Water Act of 1977,
33 U.S.C. §§ 1251 et seq.; the Toxic Substances Control Act of 1976, as amended, 15 U.S.C. §§ 2601 et seq.;
the Emergency Planning and Community Right-to-Know Act of 1986, 42 U.S.C. §§ 11001 et seq.; the Clean Air Act of 1966,
as amended by the Clean Air Act Amendments of 1990, 42 U.S.C. §§ 7401 et seq.; and the Occupational Safety and Health
Act of 1970, as amended, 29 U.S.C. §§ 651 et seq.

 

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

 

“Expenses”
means, with respect to any Person, all reasonable and documented out-of-pocket fees and expenses (including all fees and expenses of counsel,
accountants, financial advisors, and investment bankers of such Person and its Affiliates), incurred by such Person or on its behalf in
connection with or related to the authorization, preparation, negotiation, execution, and performance of this Agreement and any transactions
related thereto, any litigation with respect thereto, the preparation, printing, filing, and mailing of the Proxy Statement, the Registration
Statement, the Offering or in connection with other regulatory approvals, and all other matters related to the Share Exchange, the Offering
and the other transactions contemplated by this Agreement.

 

“Giga Adverse Recommendation
Change” means the Giga Board: (a) failing to make, or withdrawing, amending, modifying, or materially qualifying, in a manner
adverse to GWW or BitNile, the Giga Board Recommendation; (b) failing to include the Giga Board Recommendation in the Proxy Statement
that is mailed to the Giga Stockholders; (c) recommending a Takeover Proposal; (d) failing to recommend against acceptance of any tender
offer or exchange offer for the shares of Giga Common Stock within five Business Days after the commencement of such offer; (e) failing
to reaffirm (publicly, if so requested by GWW or BitNile) the Giga Board Recommendation within five Business Days after the date any Takeover
Proposal (or material modification thereto) is first publicly disclosed by Giga or the Person making such Takeover Proposal; (f) making
any public statement inconsistent with the Giga Board Recommendation; or (g) resolving or agreeing to take any of the foregoing actions.

 

“Giga Equity Award”
means a Giga Stock Option or a Giga Restricted Share granted under one of the Giga Stock Plans, as the case may be.

 

“Giga ERISA Affiliate”
means all employers, trades, or businesses (whether or not incorporated) that would be treated together with Giga or any of its Affiliates
as a “single employer” within the meaning of Section 414 of the Code.

 

    	 		 

    	 

    

 

“Giga IP Agreements”
means all licenses, sublicenses, consent to use agreements, settlements, coexistence agreements, covenants not to sue, permissions and
other Contracts (including any right to receive or obligation to pay royalties or any other consideration), whether written or oral, relating
to Intellectual Property to which Giga or any of its Subsidiaries is a party, beneficiary or otherwise bound.

 

“Giga IP Registrations”
means all of Giga’s or any of its Subsidiaries’ Intellectual Property that is subject to any issuance registration, application
or other filing by, to or with any Governmental Authority or authorized private registrar in any jurisdiction, including registered trademarks,
domain names and registered copyrights, issued and reissued patents and pending applications for any of the foregoing.

 

“Giga IT Systems”
means all software, computer hardware, servers, networks, platforms, peripherals, and similar or related items of automated, computerized,
or other information technology networks and systems (including telecommunications networks and systems for voice, data, and video) owned,
leased, licensed, or used (including through cloud-based or other third-party service providers) by Giga or any of its Subsidiaries.

 

“Giga Leased Real Estate”
means all leasehold or subleasehold estates and other rights to use or occupy any land, buildings, structures, improvements, fixtures,
or other interest in real property held by Giga or any of its Subsidiaries.

 

“Giga Material Adverse
Effect” means any event, circumstance, development, occurrence, fact, condition, effect or change (each, an “Effect”)
that is, or would reasonably be expected to become, individually or in the aggregate, materially adverse to: (a) the business, results
of operations, condition (financial or otherwise), prospects, or assets of Giga and its Subsidiaries, taken as a whole; or (b) the ability
of Giga to timely perform its obligations under this Agreement or consummate the transactions contemplated hereby on a timely basis; provided,
however, that, for the purposes of clause (a), a Giga Material Adverse Effect shall not be deemed to include any Effect (alone or in combination)
arising out of, relating to, or resulting from: (i) changes generally affecting the economy, financial or securities markets, or political
conditions; (ii) the announcement, or pendency of the transactions contemplated by this Agreement, including the impact thereof on relationships,
contractual or otherwise, of Giga and its Subsidiaries with employees, suppliers, customers, Governmental Entities, or other third Persons
(it being understood and agreed that this clause shall not apply with respect to any representation or warranty that is intended to address
the consequences of the announcement or the pendency of this Agreement); (iii) any changes in applicable Law or GAAP or other applicable
accounting standards, including interpretations thereof; (iv) any outbreak or escalation of war or any act of terrorism, (v) natural disasters
including earthquakes, or weather conditions, epidemics, pandemics, or disease outbreaks (including the COVID-19)/public health emergencies
(as declared by the World Health Organization or the Health and Human Services Secretary of the United States); (vi) general conditions
in the industry in which Giga and its Subsidiaries operate; (vii) any change, in and of itself, in the market price or trading volume
of Giga’s securities (it being understood that any Effect underlying such change may be deemed to constitute, or be taken into account
in determining whether there has been or would reasonably be expected to become, a GWW Material Adverse Effect, to the extent permitted
by this definition and not otherwise excepted by another clause of this proviso); or (viii) actions taken as required or specifically
permitted by the Agreement or actions or omissions taken with Giga’s consent; provided further, however, that any Effect referred
to in clauses (i), (iii), (iv), (v), or (vi) immediately above shall be taken into account in determining whether a GWW Material Adverse
Effect has occurred or would reasonably be expected to occur if it has a disproportionate effect on Giga and its Subsidiaries, taken as
a whole, compared to other participants in the industries in which Giga and its Subsidiaries conduct their businesses.

 

    	 		 

    	 

    

 

“Giga Owned IP”
means all Intellectual Property that is owned or purported to be owned by Giga or any of its Subsidiaries.

 

“Giga Owned Real Estate”
means all land, together with all buildings, structures, fixtures, and improvements located thereon and all easements, rights of way,
and appurtenances relating thereto, owned by Giga or any of its Subsidiaries.

 

“Giga Real Estate”
means the Giga Owned Real Estate and the Giga Leased Real Estate.

 

“Giga Stock Plans”
means the following plans, in each case as amended: The Giga-tronics Incorporated 2005 Equity Incentive Plan and the Giga-tronics Incorporated
2018 Equity Incentive Plan.

 

“Giga Stockholders”
means, collectively, the holders of the Giga Common Stock and the Giga Preferred Stock.

 

“Giga Stockholders
Meeting” means the special meeting of the Giga Stockholders to be held to consider the approval of the Share Exchange.

 

“Government Bid”
means any Bid that, if accepted or awarded, reasonably would be expected to lead to a Government Contract between Giga and/or any of its
Subsidiaries, on the one hand, and any Governmental Authority, on the other hand.

 

“Government Contract”
means any prime contract, subcontract, facility contract, purchase order, task order, delivery order, teaming agreement or arrangement,
joint venture agreement, strategic alliance agreement, basic ordering agreement, pricing agreement, blanket purchase agreement, letter
contract, grant, cooperative agreement or other similar arrangement, commitment or funding vehicle of any kind that is currently active
in performance, or that has been active in performance at any time in the five year period prior to the Effective Date and for which final
payment has not yet been made (or has not been finally closed by the relevant Government Authority) with: (a) any Governmental Authority;
(b) any prime contractor of a Governmental Authority in its capacity as a prime contractor; or (c) any subcontractor at any tier with
respect to any contract of a type described in the foregoing clause (a) or clause (b) above. A task, purchase or delivery order under
a Government Contract shall not constitute a separate Government Contract, for purposes of this definition, but shall be part of the Government
Contract to which it relates.

 

“GWW Common Stock”
refers to GWW Class A Common Stock and Class B Common Stock.

 

    	 		 

    	 

    

 

“GWW Equity Award”
means a GWW Stock Option or a GWW Restricted Share, as the case may be.

 

“GWW ERISA Affiliate”
means all employers, trades, or businesses (whether or not incorporated) that would be treated together with GWW or any of its Affiliates
as a “single employer” within the meaning of Section 414 of the Code.

 

“GWW IP Agreements”
means all licenses, sublicenses, consent to use agreements, settlements, coexistence agreements, covenants not to sue, permissions and
other Contracts (including any right to receive or obligation to pay royalties or any other consideration), whether written or oral, relating
to Intellectual Property to which GWW or any of its Subsidiaries is a party, beneficiary or otherwise bound.

 

“Giga IP Registrations”
means all of Giga’s or any of its Subsidiaries’ Intellectual Property that is subject to any issuance registration, application
or other filing by, to or with any Governmental Authority or authorized private registrar in any jurisdiction, including registered trademarks,
domain names and registered copyrights, issued and reissued patents and pending applications for any of the foregoing.

 

“GWW IT Systems”
means all software, computer hardware, servers, networks, platforms, peripherals, and similar or related items of automated, computerized,
or other information technology networks and systems (including telecommunications networks and systems for voice, data, and video) owned,
leased, licensed, or used (including through cloud-based or other third-party service providers) by GWW or any of its Subsidiaries.

 

“GWW Leased Real Estate”
means all leasehold or subleasehold estates and other rights to use or occupy any land, buildings, structures, improvements, fixtures,
or other interest in real property held by GWW or any of its Subsidiaries.

 

“GWW Material Adverse
Effect” means any Effect that is, or would reasonably be expected to become, individually or in the aggregate, materially adverse
to: (a) the business, results of operations, condition (financial or otherwise), prospects, or assets of GWW and its Subsidiaries, taken
as a whole; or (b) the ability of either GWW or BitNile to timely perform its obligations under this Agreement or consummate the transactions
contemplated hereby on a timely basis; provided, however, that, for the purposes of clause (a), a GWW Material Adverse Effect shall not
be deemed to include any Effect (alone or in combination) arising out of, relating to, or resulting from: (i) changes generally affecting
the economy, financial or securities markets, or political conditions; (ii) the announcement, or pendency of the transactions contemplated
by this Agreement, including the impact thereof on relationships, contractual or otherwise, of GWW and its Subsidiaries with employees,
suppliers, customers, Governmental Entities, or other third Persons (it being understood and agreed that this clause shall not apply with
respect to any representation or warranty that is intended to address the consequences of the announcement or the pendency of this Agreement);
(iii) any changes in applicable Law, GAAP, IFRS or other applicable accounting standards, including interpretations thereof; (iv) any
outbreak or escalation of war or any act of terrorism; (v) natural disasters including earthquakes, or weather conditions, epidemics,
pandemics, or disease outbreaks (including the COVID-19)/public health emergencies (as declared by the World Health Organization or the
Health and Human Services Secretary of the United States) or the relevant governmental authorities in the United Kingdom or Israel; (vi)
general conditions in the industry in which GWW and its Subsidiaries operate; (vii) any failure, in and of itself, by GWW to meet any
internal or published projections, forecasts, estimates, or predictions in respect of revenues, earnings, or other financial or operating
metrics for any period (it being understood that any Effect underlying such failure may be deemed to constitute, or be taken into account
in determining whether there has been or would reasonably be expected to become, a GWW Material Adverse Effect, to the extent permitted
by this definition and not otherwise excepted by another clause of this proviso); (viii) any change, in and of itself, in the market price
or trading volume of GWW’s securities (it being understood that any Effect underlying such change may be deemed to constitute, or
be taken into account in determining whether there has been or would reasonably be expected to become, a GWW Material Adverse Effect,
to the extent permitted by this definition and not otherwise excepted by another clause of this proviso); or (ix) actions taken as required
or specifically permitted by the Agreement or actions or omissions taken with Giga’s consent; provided further, however, that any
Effect referred to in clauses (i), (iii), (iv), (v), or (vi) immediately above shall be taken into account in determining whether a GWW
Material Adverse Effect has occurred or would reasonably be expected to occur if it has a disproportionate effect on GWW and its Subsidiaries,
taken as a whole, compared to other participants in the industries in which GWW and its Subsidiaries conduct their businesses.

 

    	 		 

    	 

    

 

“GWW Owned IP”
means all Intellectual Property that is owned or purported to be owned by GWW or any of its Subsidiaries.

 

“GWW Owned Real Estate”
means all land, together with all buildings, structures, fixtures, and improvements located thereon and all easements, rights of way,
and appurtenances relating thereto, owned by GWW or any of its Subsidiaries.

 

“GWW Real Estate”
means the GWW Owned Real Estate and the GWW Leased Real Estate.

 

“GWW Restricted Share”
means any GWW Common Stock subject to vesting, repurchase, or other lapse of restrictions granted under any GWW Stock Plan.

 

“GWW Stock Plan”
means the 2021 Stock Incentive Plan.

 

“Hazardous Substance”
means: (a) any material, substance, chemical, waste, product, derivative, compound, mixture, solid, liquid, mineral, or gas, in each case,
whether naturally occurring or man-made, that is hazardous, acutely hazardous, toxic, or words of similar import or regulatory effect
under Environmental Laws; and (b) any petroleum or petroleum-derived products, radon, radioactive materials or wastes, asbestos in any
form, lead or lead-containing materials, urea formaldehyde foam insulation, and polychlorinated biphenyls.

 

“HIPAA” means
the Health Insurance Portability and Accountability Act of 1996, as amended.

 

    	 		 

    	 

    

 

“Intellectual Property”
means all intellectual property rights and assets, and all rights, interests and protections that are associated with, similar to, or
required for the exercise of, any of the foregoing, however arising, pursuant to the Laws of any jurisdiction throughout the world, whether
registered or unregistered, including any and all: (a) trademarks, service marks, trade names, brand names, logos, trade dress, design
rights and other similar designations of source, sponsorship, association or origin, together with the goodwill connected with the use
of and symbolized by, and all registrations, applications and renewals for, any of the foregoing; (b) internet domain names, whether or
not trademarks, registered in any top-level domain by any authorized private registrar or Governmental Authority, web addresses, web pages,
websites and related content, accounts with Twitter, Facebook and other social media companies and the content found thereon and related
thereto, and URLs; (c) works of authorship, expressions, designs and design registrations, whether or not copyrightable, including copyrights,
author, performer, moral and neighboring rights, and all registrations, applications for registration and renewals of such copyrights;
(d) inventions, discoveries, trade secrets, business and technical information and know-how, databases, data collections and other confidential
and proprietary information and all rights therein; (e) patents (including all reissues, divisionals, provisionals, continuations and
continuations-in-part, re-examinations, renewals, substitutions and extensions thereof), patent applications, and other patent rights
and any other Governmental Authority-issued indicia of invention ownership (including inventor’s certificates, petty patents and
patent utility models); and (f) software and firmware, including data files, source code, object code, application programming interfaces,
architecture, files, records, schematics, computerized databases and other related specifications and documentation.

 

“International Financial Reporting
Standards” or “IFRS” means that set of accounting standards established and issued by the International Accounting
Standards Board, as amended from time to time.

 

“IRS” means
the United States Internal Revenue Service.

 

“Knowledge”
means: (a) with respect to Giga and its Subsidiaries, the actual knowledge of each of the individuals listed in Schedule 1.01,
after due inquiry; (b) with respect to GWW and its Subsidiaries, the actual knowledge of each of the individuals listed in Schedule
1.01, after due inquiry; and (c) with respect to BitNile, the actual knowledge of each of the individuals listed in Schedule 1.01.

 

“Laws” means
any federal, state, local, municipal, foreign, multi-national or other laws, common law, statutes, constitutions, ordinances, rules, regulations,
codes, Orders, or legally enforceable requirements enacted, issued, adopted, promulgated, enforced, ordered, or applied by any Governmental
Authority.

 

“Lease” means
all leases, subleases, licenses, concessions, and other agreements (written or oral) under which a party or any of its Subsidiaries holds
any Leased Real Estate, including the right to all security deposits and other amounts and instruments deposited by or on behalf of any
party to this Agreement or any of its Subsidiaries thereunder.

 

“Legal Proceeding”
means any action, suit, litigation, arbitration, proceeding (including any civil, criminal, administrative, investigative or appellate
proceeding), hearing, claim, inquiry, audit, examination or investigation commenced, brought, conducted or heard by or before, or otherwise
involving, any court or other Governmental Authority or any arbitrator or arbitration panel.

 

    	 		 

    	 

    

 

“Liability”
means any liability, indebtedness, or obligation of any kind (whether accrued, absolute, contingent, matured, unmatured, determined, determinable,
or otherwise, and whether or not required to be recorded or reflected on a balance sheet under GAAP or IFRS, as applicable).

 

“Liens” means,
with respect to any property or asset, all pledges, liens, mortgages, charges, encumbrances, hypothecations, options, rights of first
refusal, rights of first offer, and security interests of any kind or nature whatsoever.

 

“Permits”
means all permits, licenses, certifications, accreditations, franchises, approvals, consents, authorizations, registrations, certificates,
grants, directives, guidelines, policies, requirements, concessions, variances, exemptions, identification numbers, and similar rights
obtained, or required to be obtained, from any Governmental Authority (including with respect to COVID-19 Measures).

 

“Permitted Liens”
means: (a) statutory Liens for current Taxes or other governmental charges not yet due and payable or the amount or validity of which
is being contested in good faith (provided appropriate reserves required pursuant to GAAP or IFRS, as applicable, have been made in respect
thereof); (b) mechanics’, carriers’, workers’, repairers’, and similar statutory Liens arising or incurred in
the ordinary course of business for amounts which are not delinquent or which are being contested by appropriate proceedings (provided
appropriate reserves required pursuant to GAAP or IFRS, as applicable, have been made in respect thereof); (c) zoning, entitlement, building,
and other land use regulations imposed by Governmental Entities having jurisdiction over such Person’s owned or leased real property,
which are not violated by the current use and operation of such real property; (d) covenants, conditions, restrictions, easements, and
other similar non-monetary matters of record affecting title to such Person’s owned or leased real property, which do not materially
impair the occupancy or use of such real property for the purposes for which it is currently used in connection with such Person’s
businesses; (e) any right of way or easement related to public roads and highways, which do not materially impair the occupancy or use
of such real property for the purposes for which it is currently used in connection with such Person’s businesses; (f) Liens arising
under workers’ compensation, unemployment insurance, social security, retirement, and similar legislation; and (g) Liens listed
on Schedule 1.01.

 

“Person”
means any individual, corporation, limited or general partnership, limited liability company, limited liability partnership, trust, association,
joint venture, Governmental Authority, or other entity or group (which term will include a “group” as such term is defined
in Section 13(d)(3) of the Exchange Act).

 

“Personal Data”
means: (a) information that can be used to identify an individual either alone or when combined with other personal or identifying information
that is linked or linkable to a specific individual, and (b) any other information covered by any applicable data privacy or security
Law, each in connection with the operation of the applicable party’s business.

 

“Personal Information”
means information pertaining to an individual that is regulated by one or more information privacy or security Laws.

 

    	 		 

    	 

    

 

“Privacy Policies”
means all published privacy policies and internal privacy policies and guidelines maintained or published by a party hereto or its Affiliates
or privacy policies required by applicable Laws.

 

“Proxy Statement”
means the proxy materials relating to the Giga Stockholders Meeting or the Consent Solicitation filed by Giga with the SEC under Section
14(a) of the Exchange Act or information statement filed under Section 14(c) of the Exchange Act.

 

“Representatives”
means, with respect to any Person, such Person’s directors, officers, employees, shareholders, investment bankers, attorneys, accountants,
consultants, or other agents or advisors.

 

“SBA” means
the United States Small Business Administration.

 

“Subsidiary”
of a Person means a corporation, partnership, limited liability company, or other business entity of which a majority of the shares of
voting securities is at the time beneficially owned, or the management of which is otherwise controlled, directly or indirectly, through
one or more intermediaries, or both, by such Person.

 

“Superior Proposal”
means a bona fide written Takeover Proposal with respect to the applicable party or its Subsidiaries (except that, for purposes of this
definition, each reference in the definition of “Takeover Proposal” to “15% or more” shall be “more than
50%”) that such party's board determines in good faith (after consultation with outside legal counsel and such party's financial
advisor) is more favorable to the holders of such party's common stock than the transactions contemplated by this Agreement, including
without limitation from a financial point of view, taking into account: (a) all financial considerations; (b) the identity of the third
party making such Takeover Proposal; (c) the anticipated timing, conditions (including any financing condition or the reliability of any
debt or equity funding commitments) and prospects for completion of such Takeover Proposal; (d) the other terms and conditions of such
Takeover Proposal and the implications thereof on such party, including relevant legal, regulatory, and other aspects of such Takeover
Proposal deemed relevant by such party (including any conditions relating to financing, stockholder approval, regulatory approvals, or
other events or circumstances beyond the control of the party invoking the conditions); and (e) any revisions to the terms of this Agreement
and the Share Exchange contemplated by this Agreement proposed by the other party during the Superior Proposal Notice Period set forth
in Section 6.05(d).

 

“Takeover Proposal”
means with respect to Giga or GWW, as the case may be, an inquiry, proposal, or offer from, or indication of interest in making a proposal
or offer by, any Person or group relating to any transaction or series of related transactions (other than the transactions contemplated
by this Agreement), involving any: (a) direct or indirect acquisition of assets of such party hereto or its Subsidiaries (including any
voting equity interests of Subsidiaries, but excluding sales of assets in the ordinary course of business) equal to 15% or more of the
fair market value of such party and its Subsidiaries’ consolidated assets or to which 15% or more of such party’s and its
Subsidiaries’ net revenues or net income on a consolidated basis are attributable; (b) direct or indirect acquisition of 15% or
more of the voting equity interests of such party hereto or any of its Subsidiaries whose business constitutes 15% or more of the consolidated
net revenues, net income, or assets of such party and its Subsidiaries, taken as a whole; (c) tender offer or exchange offer that if consummated
would result in any Person or group (as defined in Section 13(d) of the Exchange Act) beneficially owning (within the meaning of Section
13(d) of the Exchange Act) 15% or more of the voting power of such party hereto; (d) merger, consolidation, other business combination,
or similar transaction involving such party hereto or any of its Subsidiaries, pursuant to which such Person or group (as defined in Section
13(d) of the Exchange Act) would own 15% or more of the consolidated net revenues, net income, or assets of such party and its Subsidiaries,
taken as a whole; (e) liquidation, dissolution (or the adoption of a plan of liquidation or dissolution), or recapitalization or other
significant corporate reorganization of such party hereto or one or more of its Subsidiaries which, individually or in the aggregate,
generate or constitute 15% or more of the consolidated net revenues, net income, or assets of such party and its Subsidiaries, taken as
a whole; or (f) any combination of the foregoing.

 

    	 		 

    	 

    

 

“Taxes” means
all federal, state, local, foreign and other income, gross receipts, sales, use, production, ad valorem, transfer, franchise, registration,
profits, license, lease, service, service use, withholding, payroll, employment, unemployment, estimated, excise, severance, environmental,
stamp, occupation, premium, property (real or personal), real property gains, windfall profits, customs, duties or other taxes, fees,
assessments, or charges of any kind whatsoever, together with any interest, additions or penalties with respect thereto and any interest
in respect of such additions or penalties.

 

“Tax Returns”
means any return, declaration, report, claim for refund, information return or statement, or other document relating to Taxes, including
any schedule or attachment thereto, and including any amendment thereof.

 

“Treasury Regulations”
means the Treasury regulations promulgated under the Code.

 

Section
1.02  Section References. The following capitalized terms,
as used in this Agreement, have the respective meanings given to them in the Section as set forth below adjacent to such terms:

 

	“Acquisition Agreement”	Section 6.05
	“Agreement” 	Preamble
	“BitNile”	Preamble
	“CGCL”	Recitals
	“Closing” 	Section 2.02
	“Closing Date”	Section 2.02
	“Closing Date Loan”	Recitals
	“Confidentiality Agreement” 	Section 6.04(b) 
	“Confirming Officer”	Section 4.04(g)
	“Consent” 	Section 3.03(c) 
	“Consent Solicitation”	Section 6.07
	“Continuing Directors”	Section 6.13
	“DFARS”	Section 3.20(c)
	“DGCL”	Recitals

 

    	 		 

    	 

    

 

	“EDGAR” 	Section 3.04(a)
	“End Date” 	Section 8.02(a) 
	“Exchange Act” 	Section 3.03(c)
	“Exchange Shares”	Section 2.01
	“FAR”	Section 3.20(c)
	“Form S-4” 	Section 3.17
	“GAAP” 	Section 3.04(b)
	“Giga”	Preamble
	“Giga Balance Sheet” 	Section 3.04(d)
	“Giga Board” 	Recitals
	“Giga Board Recommendation”	Section 3.03(d)
	“Giga Common Stock” 	Recitals
	“Giga Employee” 	Section 3.12(a)
	“Giga Employee Plans” 	Section 3.12(a)
	“Giga Financial Advisor” 	Section 3.10
	“Giga Material Contract” 	Section 3.15(a) 
	“Giga Preferred Stock” 	Section 3.02(a)
	“Giga Restricted Share” 	Section 2.03(b)
	“Giga SEC Documents” 	Section 3.04(a)
	“Giga Securities” 	Section 3.02(b)(i)
	“Giga Stock Option” 	Section 2.03(a) 
	“Giga Subsidiary Securities”	Section 3.02(d) 
	“Governmental Authority” 	Section 3.03(c)
	“GWW”	Preamble
	“GWW Board”	Recitals
	“GWW Common Stock”	Recitals
	“GWW Employee”	Section 4.12(a)
	“GWW Employee Plans”	Section 4.12(a)
	“GWW Financial Statements”	Section 4.04(a)
	“GWW Material Contract”	Section 4.15(a)
	“GWW Preferred Stock” 	Section 4.02(a)
	“GWW Stock Option” 	Section 2.03(a)
	“GWW Securities”	Section 4.02(b)(ii)
	“GWW Subsidiary Securities”	Section 4.02(d)
	“GWW Voting Debt”	Section 4.02(c)
	“Misconduct”	Section 3.12(k)(ii)
	“Offering”	Section 6.01
	“Order”	Section 3.09
	“Other Governmental Approvals”	Section 3.03(c)
	“PBGC”	Section 3.12(c)
	“Permits”	Section 3.08(b)
	“Replacement Factoring Agreement”	Section 6.15
	“Requisite Giga Vote” 	Section 3.03(a)
	“Sarbanes-Oxley Act”	Section 3.04(a)
	“Schedule Update”	Section 9.01(b)

 

    	 		 

    	 

    

 

	“Schedules”	Section 9.01(a)
	“SEC”	Section 3.03(c)
	“Securities Act”	Section 2.04
	“Series F”	Section 2.01
	“Share Exchange” 	Section 2.01
	“Superior Proposal Notice Period”	Section 6.05(d)
	“Voting Debt”	Section 3.02(c)

 

ARTICLE II

THE SHARE EXCHANGE

 

Section
2.01   Share Exchange. At the Closing, BitNile shall exchange the GWW Shares for shares of Giga Common Stock and Giga
Series F Convertible Preferred Stock (the “Series F,” and together with such shares of Giga Common Stock, the “Exchange
Shares”) in the amounts set forth on Schedule 2.01 to this Agreement (the “Share Exchange”). The form
of Certificate of Determination for the Series F is set forth in Exhibit B to this Agreement.

 

Section
2.02  Closing. Upon the terms and subject to the conditions set forth herein, the closing of the Share Exchange (the
“Closing”) will take place at 11:30 a.m. New York, New York time,
as soon as practicable unless this Agreement has been terminated pursuant to its terms or unless another time or date is agreed to in
writing by the parties hereto. The closing shall take place at the offices of Nason, Yeager, Gerson, Harris & Fumero, P.A., or remotely
by exchange of documents and signatures (or their electronic counterparts), unless another place is agreed to in writing by the parties
hereto. The actual date of the closing is hereinafter referred to as the “Closing Date.” At the Closing, BitNile shall
exchange its shares of GWW Common Stock for Giga Common Stock and Series F in book entry form.

 

Section
2.03  Treatment of Stock Options and Other Stock-Based Compensation. 

 

(a)       GWW
Stock Options. As of the Closing, each option to acquire shares of GWW Common Stock (each, a “GWW Stock Option”)
that is outstanding under any GWW Stock Plan immediately prior to the Closing, whether or not then vested or exercisable, shall, by virtue
of the Share Exchange and without any action on the part of the holder thereof, or any other Person, be assumed by Giga and shall be converted
into a Giga Stock Option as reflected on Schedule 2.03. Each such Giga Stock Option as so assumed and converted shall continue
to have, and shall be subject to, the same terms and conditions as applied to the GWW Stock Option immediately prior to the Closing.

 

(b)       GWW
Restricted Shares. Giga shall take all requisite action so that, at the Closing, each share of GWW Common Stock or instrument similar
to a Restricted Stock Unit subject subject to vesting, repurchase, or other lapse of restrictions (a “GWW Restricted Share”)
that is outstanding under any GWW Stock Plan as of immediately prior to the Closing shall, by virtue of the Share Exchange and without
any action on the part of the holder thereof, be assumed by Giga and shall be converted into a Giga Restricted Share in accordance with
this Section 2.03. Each Giga Restricted Share shall continue to have and be subject to substantially the same terms and conditions as
were applicable to such GWW Restricted Share immediately before the Closing (including vesting, repurchase, or other lapse of restrictions).

 

    	 		 

    	 

    

 

(c)       Resolutions
and Other Giga Actions. At or prior to the Closing, GWW, Giga, the Giga Board, and the compensation committee of such Board, as applicable,
shall adopt any resolutions and take any actions (including obtaining any employee consents) that may be necessary to effectuate the provisions
of this Section 2.03.

 

(d)       Section
409A. The parties shall seek to comply with Section 409A of the Code with respect to this Section 2.03.

 

ARTICLE III

Representations and Warranties of GIGA

 

Giga hereby represents and
warrants to BitNile and GWW that the following representations and warranties are true and correct as of the Closing Date and the Effective
Date:

 

Section
3.01  Organization; Standing and Power; Charter Documents; Subsidiaries. 

 

(a)       Organization;
Standing and Power. Giga and each of its Subsidiaries is a corporation, limited liability company, or other legal entity duly organized,
validly existing, and in good standing (to the extent that the concept of “good standing” is applicable in the case of any
jurisdiction outside the United States) under the Laws of its jurisdiction of organization, and has the requisite corporate, limited liability
company, or other organizational, as applicable, power and authority to own, lease, and operate its assets and to carry on its business
as now conducted. Each of Giga and its Subsidiaries is duly qualified or licensed to do business as a foreign corporation, limited liability
company, or other legal entity and is in good standing (to the extent that the concept of “good standing” is applicable in
the case of any jurisdiction outside the United States) in each jurisdiction where the character of the assets and properties owned, leased,
or operated by it or the nature of its business makes such qualification or license necessary, except where the failure to be so qualified
or licensed or to be in good standing, would not reasonably be expected to have, individually or in the aggregate, a Giga Material Adverse
Effect. 

 

(b)       Charter
Documents. The copies of the Articles of Incorporation and By-Laws of Giga as most recently filed or incorporated by reference in
the Giga SEC Documents are true, correct, and complete copies of such documents as in effect as of the Effective Date. Giga has delivered
or made available to BitNile and GWW a true and correct copy of the Charter Documents of each of Giga’s Subsidiaries. Neither Giga
nor any of its Subsidiaries is in violation of any of the provisions of its Charter Documents.

 

(c)       Subsidiaries.
Schedule 3.01(c)(i) lists each of the Subsidiaries of Giga as of the Effective Date and its place of organization. Schedule
3.01(c)(ii) sets forth, for each Subsidiary that is not, directly or indirectly, wholly-owned by Giga: (i) the number and type of
any capital stock of, or other equity or voting interests in, such Subsidiary that is outstanding as of the Effective Date; and (ii) the
number and type of shares of capital stock of, or other equity or voting interests in, such Subsidiary that, as of the Effective Date,
are owned, directly or indirectly, by Giga. All of the outstanding shares of capital stock of, or other equity or voting interests in,
each Subsidiary of Giga that is owned directly or indirectly by Giga have been validly issued, were issued free of pre-emptive rights,
are fully paid and non-assessable, and are free and clear of all Liens, including any restriction on the right to vote, sell, or otherwise
dispose of such capital stock or other equity or voting interests, except for any Liens: (A) imposed by applicable securities Laws; or
(B) arising pursuant to the Charter Documents of any non-wholly-owned Subsidiary of Giga. Except for the capital stock of, or other equity
or voting interests in, its Subsidiaries, Giga does not own, directly or indirectly, any capital stock of, or other equity or voting interests
in, any Person.

 

    	 		 

    	 

    

 

Section
3.02  Capital Structure. 

 

(a)       Capital
Stock. The authorized capital stock of Giga consists of: (i) 13,333,333 shares of Giga Common Stock; and (ii) 1,000,000 shares of
preferred stock, no par value per share, of Giga (the “Giga Preferred Stock”). As of the Effective Date: (A) 3,186,548
shares of Giga Common Stock were issued and outstanding (not including shares held in treasury and including 461,538 shares issuable pursuant
to outstanding prefunded warrants with a nominal exercise price); (B) no shares of Giga Common Stock were issued and held by Giga in its
treasury; and (C) the shares of Giga Preferred Stock issued and outstanding or held by Giga in its treasury are reflected on Schedule
3.02(a). All of the outstanding shares of capital stock of Giga are, and all shares of capital stock of Giga which may be issued as
contemplated or permitted by this Agreement will be, when issued, duly authorized, validly issued, fully paid, and non-assessable, and
not subject to any pre-emptive rights. No Subsidiary of Giga owns any shares of Giga Common Stock.

 

(b)       Stock
Awards.

 

(i)       As
of the Effective Date, an aggregate of 82,217shares of Giga Common Stock were reserved for issuance pursuant to Giga Equity Awards not
yet granted under the Giga Stock Plans. As of the Effective Date, 397,850 shares of Giga Common Stock were reserved for issuance pursuant
to outstanding Giga Stock Options and 35,020 shares of Giga Restricted Shares were issued and outstanding. Schedule 3.02(b)(i)
sets forth as of the Effective Date a list of each outstanding Giga Equity Award granted under the Giga Stock Plans and: (A) the name
of the holder of such Giga Equity Award; (B) the number of shares of Giga Common Stock subject to such outstanding Giga Equity Award;
(C) if applicable, the exercise price, purchase price, or similar pricing of such Giga Equity Award; (D) the date on which such Giga Equity
Award was granted or issued; (E) the applicable vesting, repurchase, or other lapse of restrictions schedule, and the extent to which
such Giga Equity Award is vested and exercisable as of the Effective Date; and (F) with respect to Giga Stock Options, the date on which
such Giga Stock Option expires. All shares of Giga Common Stock subject to issuance under the Giga Stock Plans, upon issuance in accordance
with the terms and conditions specified in the instruments pursuant to which they are issuable, will be duly authorized, validly issued,
fully paid, and non-assessable.

 

    	 		 

    	 

    

 

(ii)       Other
than as set forth on Schedule 3.02(b)(ii), there are no Contracts to which Giga is a party obligating Giga to accelerate the vesting
of any Giga Equity Award as a result of the transactions contemplated by this Agreement (whether alone or upon the occurrence of any additional
or subsequent events). Other than the Giga Equity Awards or otherwise set forth on Schedule 3.02(b)(ii), as of the Effective Date,
there are no outstanding: (A) securities of Giga or any of its Subsidiaries convertible into or exchangeable for Voting Debt or shares
of capital stock of Giga; (B) options, warrants, or other agreements or commitments to acquire from Giga or any of its Subsidiaries, or
obligations of Giga or any of its Subsidiaries to issue, any Voting Debt or shares of capital stock of (or securities convertible into
or exchangeable for shares of capital stock of) Giga; or (C) restricted shares, restricted stock units, stock appreciation rights, performance
shares, profit participation rights, contingent value rights, “phantom” stock, or similar securities or rights that are derivative
of, or provide economic benefits based, directly or indirectly, on the value or price of, any shares of capital stock of Giga, in each
case that have been issued by Giga or its Subsidiaries (the items in clauses (A), (B), and (C), together with the capital stock of Giga,
being referred to collectively as “Giga Securities”). All outstanding shares of Giga Common Stock, all outstanding
Giga Equity Awards, and all outstanding shares of capital stock, voting securities, or other ownership interests in any Subsidiary of
Giga, have been issued or granted, as applicable, in compliance in all material respects with all applicable securities Laws.

 

(iii)       There
are no outstanding Contracts requiring Giga or any of its Subsidiaries to repurchase, redeem, or otherwise acquire any Giga Securities
or Giga Subsidiary Securities. Neither Giga nor any of its Subsidiaries is a party to any voting agreement with respect to any Giga Securities
or Giga Subsidiary Securities.

 

(c)       Voting
Debt. No bonds, debentures, notes, or other indebtedness issued by Giga or any of its Subsidiaries: (i) having the right to vote on
any matters on which stockholders or equityholders of Giga or any of its Subsidiaries may vote (or which is convertible into, or exchangeable
for, securities having such right); or (ii) the value of which is directly based upon or derived from the capital stock, voting securities,
or other ownership interests of Giga or any of its Subsidiaries, are issued or outstanding (collectively, “Voting Debt”).

 

(d)       Giga
Subsidiary Securities. As of the Effective Date, there are no outstanding: (i) securities of Giga or any of its Subsidiaries convertible
into or exchangeable for Voting Debt, capital stock, voting securities, or other ownership interests in any Subsidiary of Giga; (ii) options,
warrants, or other agreements or commitments to acquire from Giga or any of its Subsidiaries, or obligations of Giga or any of its Subsidiaries
to issue, any Voting Debt, capital stock, voting securities, or other ownership interests in (or securities convertible into or exchangeable
for capital stock, voting securities, or other ownership interests in) any Subsidiary of Giga; or (iii) restricted shares, restricted
stock units, stock appreciation rights, performance shares, profit participation rights, contingent value rights, “phantom”
stock, or similar securities or rights that are derivative of, or provide economic benefits based, directly or indirectly, on the value
or price of, any capital stock or voting securities of, or other ownership interests in, any Subsidiary of Giga, in each case that have
been issued by a Subsidiary of Giga (the items in clauses (i), (ii), and (iii), together with the capital stock, voting securities, or
other ownership interests of such Subsidiaries, being referred to collectively as “Giga Subsidiary Securities”).

 

    	 		 

    	 

    

 

Section
3.03  Authority; Non-Contravention; Governmental Consents; Board Approval; Anti-Takeover Statutes. 

 

(a)       Authority.
Giga has all requisite corporate power and authority to enter into and to perform its obligations under this Agreement and, subject to
approval of this Agreement by the affirmative vote or consent of the holders of a majority of the outstanding shares of Giga Common Stock
(including the shares of Giga Preferred Stock voting on an as-converted basis) (the “Requisite Giga Vote”), to consummate
the transactions contemplated by this Agreement. The execution and delivery of this Agreement by Giga and the consummation by Giga of
the transactions contemplated hereby have been duly authorized by all necessary corporate action on the part of Giga and no other corporate
proceedings on the part of Giga are necessary to authorize the execution and delivery of this Agreement or to consummate the Share Exchange
and the other transactions contemplated hereby, subject only, in the case of consummation of the Share Exchange, to the receipt of the
Requisite Giga Vote. The Requisite Giga Vote is the only vote or consent of the holders of any class or series of Giga’s capital
stock necessary to approve this Agreement, and consummate the Share Exchange and the other transactions contemplated hereby. This Agreement
has been duly executed and delivered by Giga and, assuming due execution and delivery by BitNile and GWW, constitutes the legal, valid,
and binding obligation of Giga, enforceable against Giga in accordance with its terms, except as such enforceability may be limited by
bankruptcy, insolvency, moratorium, and other similar Laws affecting creditors’ rights generally and by general principles of equity.

 

(b)       Non-Contravention.
The execution, delivery, and performance of this Agreement by Giga, and the consummation by Giga of the transactions contemplated by this
Agreement, including the Share Exchange, do not and will not: (i) subject to obtaining the Requisite Giga Vote, contravene or conflict
with, or result in any violation or breach of, the Charter Documents of Giga or any of its Subsidiaries; (ii) assuming that all Consents
contemplated by clauses (i) through (ii) of Section 3.03(c) have been obtained or made and, in the case of the consummation of the Share
Exchange, obtaining the Requisite Giga Vote, conflict with or violate any Law applicable to Giga, any of its Subsidiaries, or any of their
respective properties or assets; (iii) result in any breach of or constitute a default (or an event that with notice or lapse of time
or both would become a default) under, result in Giga’s or any of its Subsidiaries’ loss of any benefit or the imposition
of any additional payment or other liability under, or alter the rights or obligations of any third party under, or give to any third
party any rights of termination, amendment, acceleration, or cancellation, or require any Consent under, any Contract to which Giga or
any of its Subsidiaries is a party or otherwise bound as of the Effective Date; or (iv) result in the creation of a Lien (other than Permitted
Liens) on any of the properties or assets of Giga or any of its Subsidiaries, except, in the case of each of clauses (ii), (iii), and
(iv), for any conflicts, violations, breaches, defaults, loss of benefits, additional payments or other liabilities, alterations, terminations,
amendments, accelerations, cancellations, or Liens that, or where the failure to obtain any Consents, in each case, would not reasonably
be expected to have, individually or in the aggregate, a Giga Material Adverse Effect.

 

    	 		 

    	 

    

 

(c)       Governmental
Consents. No consent, approval, order, or authorization of, or registration, declaration, or filing with, or notice to (any of the
foregoing being a “Consent”), any supranational, national, state, municipal, local, or foreign government, any instrumentality,
subdivision, court, administrative agency or commission, or other governmental authority, or any quasi-governmental or private body exercising
any regulatory or other governmental or quasi-governmental authority (a “Governmental Authority”) is required to be
obtained or made by Giga in connection with the execution, delivery, and performance by Giga of this Agreement or the consummation by
Giga of the Share Exchange and other transactions contemplated hereby (excluding the Offering, as hereinafter defined, and any implementation
of the Giga Shareholder Proposals, other than the Closing of the Share Exchange), except for: (i) the filing with the Securities and Exchange
Commission (“SEC”) of (A) the Proxy Statement in preliminary and definitive form in accordance with the Securities
Exchange Act of 1934, as amended (the “Exchange Act”), (B) a Form D and other filings required by applicable securities
Laws, and (C) such reports under the Exchange Act as may be required in connection with this Agreement, and the other transactions contemplated
by this Agreement; and (ii) such other Consents which if not obtained or made would not have, individually or in the aggregate, a Giga
Material Adverse Effect.

 

(d)       Giga
Board Approval. The Giga Board, by resolutions duly adopted by a unanimous vote at a meeting of the Giga Board duly called and held
and, not subsequently rescinded or modified in any way, has: (i) determined that this Agreement and the transactions contemplated hereby,
including the Share Exchange, upon the terms and subject to the conditions set forth herein, are in the best interests of, Giga and the
Giga Stockholders; (ii) approved this Agreement, including the execution, delivery, and performance thereof, and the consummation of the
transactions contemplated by this Agreement, including the Share Exchange, upon the terms and subject to the conditions set forth herein;
(iii) directed that this Agreement be submitted to a vote of the Giga Stockholders for adoption at the Giga Stockholders Meeting; and
(iv) resolved to recommend that the Giga Stockholders vote in favor of adoption of this Agreement and the Share Exchange in accordance
with the CGCL (collectively, the “Giga Board Recommendation”), provided that the representations in this Section 3.3(d)
do not extend to or include any matters related to the Offering which, by their nature, would customarily be approved at a late date.

 

(e)       Anti-Takeover
Statutes. No “fair price,” “moratorium,” “control share acquisition,” “supermajority,”
“affiliate transactions,” “business combination,” or other similar anti-takeover statute or regulation enacted
under any Laws applicable to Giga is applicable to this Agreement, the Share Exchange, or any of the other transactions contemplated by
this Agreement. The Rights Agreement of Giga shall be terminated by the Giga Board prior to the Closing.

 

Section
3.04  SEC Filings; Financial Statements; Sarbanes-Oxley Act Compliance; Undisclosed Liabilities; Off-Balance Sheet Arrangements.

 

(a)       SEC
Filings. Giga has filed with or furnished to, as applicable, the SEC all registration statements, prospectuses, reports, schedules,
forms, statements, and other documents (including exhibits and schedules thereto and all other information incorporated by reference)
required to be filed or furnished by it with the SEC since August 1, 2018 (the “Giga SEC Documents”). True, correct,
and complete copies of all Giga SEC Documents are publicly available in the Electronic Data Gathering, Analysis, and Retrieval database
of the SEC (“EDGAR”). To the extent that any Giga SEC Document available on EDGAR contains redactions pursuant to a
request for confidential treatment or otherwise, Giga has made available to BitNile the full text of all such Giga SEC Documents that
it has so filed or furnished with the SEC. As of their respective filing dates or, if amended or superseded by a subsequent filing prior
to the Effective Date, as of the date of the last such amendment or superseding filing (and, in the case of registration statements and
proxy statements, on the dates of effectiveness and the dates of the relevant meetings, respectively), each of the Giga SEC Documents
complied as to form in all material respects with the applicable requirements of the Securities Act, the Exchange Act, and the Sarbanes-Oxley
Act of 2002 (including the rules and regulations promulgated thereunder, the “Sarbanes-Oxley Act”), and the rules and
regulations of the SEC thereunder applicable to such Giga SEC Documents. None of the Giga SEC Documents, including any financial statements,
schedules, or exhibits included or incorporated by reference therein at the time they were filed (or, if amended or superseded by a subsequent
filing prior to the Effective Date, as of the date of the last such amendment or superseding filing), contained any untrue statement of
a material fact or omitted to state a material fact required to be stated therein or necessary in order to make the statements therein,
in light of the circumstances under which they were made, not misleading. To the Knowledge of Giga, none of the Giga SEC Documents is
the subject of ongoing SEC review or outstanding SEC investigation. There are no outstanding or unresolved comments received from the
SEC with respect to any of the Giga SEC Documents. None of Giga’s Subsidiaries is required to file or furnish any forms, reports,
or other documents with the SEC.

 

    	 		 

    	 

    

 

(b)       Financial
Statements. Each of the consolidated financial statements (including, in each case, any notes and schedules thereto) contained in
or incorporated by reference into the Giga SEC Documents: (i) complied as to form in all material respects with the published rules and
regulations of the SEC with respect thereto as of their respective dates; (ii) was prepared in accordance with United States generally
accepted accounting principles (“GAAP”) applied on a consistent basis throughout the periods involved (except as may
be indicated in the notes thereto and, in the case of unaudited interim financial statements, as may be permitted by the SEC for Quarterly
Reports on Form 10-Q); (iii) reflected the effects of COVID-19 and COVID-19 Measures on Giga and
include adequate provisions to reflect the material effects of COVID-19 and COVID-19; and (iv) fairly presented in all material respects
the consolidated financial position and the results of operations, changes in stockholders’ equity, and cash flows of Giga and its
consolidated Subsidiaries as of the respective dates of and for the periods referred to in such financial statements, subject, in the
case of unaudited interim financial statements, to normal and year-end audit adjustments as permitted by the applicable rules and regulations
of the SEC (but only if the effect of such adjustments would not, individually or in the aggregate, be material).

 

(c)       Internal
Controls. Giga and each of its Subsidiaries has established and maintains a system of “internal controls over financial reporting”
(as defined in Rules 13a-15(f) and 15d-15(f) of the Exchange Act) that is sufficient to provide reasonable assurance regarding the reliability
of financial reporting and the preparation of financial statements for external purposes in accordance with GAAP including policies and
procedures that: (i) require the maintenance of records that in reasonable detail accurately and fairly reflect the transactions and dispositions
of the assets of Giga and its Subsidiaries; (ii) provide reasonable assurance that transactions are recorded as necessary to permit preparation
of financial statements in accordance with GAAP and that receipts and expenditures of Giga and its Subsidiaries are being made only in
accordance with appropriate authorizations of Giga’s management and the Giga Board; and (iii) provide assurance regarding prevention
or timely detection of unauthorized acquisition, use, or disposition of the assets of Giga and its Subsidiaries.

 

    	 		 

    	 

    

 

(d)       Disclosure
Controls and Procedures. Giga’s “disclosure controls and procedures” (as defined in Rules 13a-15(e) and 15d-15(e)
of the Exchange Act) are designed to ensure that all information (both financial and non-financial) required to be disclosed by Giga in
the reports that it files or submits under the Exchange Act is recorded, processed, summarized, and reported within the time periods specified
in the rules and forms of the SEC, and that all such information is accumulated and communicated to the Giga’s management as appropriate
to allow timely decisions regarding required disclosure and to make the certifications of the chief executive officer and chief financial
officer of the Giga required under the Exchange Act with respect to such reports. Neither Giga nor, to the Knowledge of Giga, the Giga’s
independent registered public accounting firm, has identified or been made aware of: (i) any “significant deficiency” or “material
weakness” (each as defined in Rule 12b-2 of the Exchange Act) in the system of internal control over financial reporting utilized
by Giga and its Subsidiaries that has not been subsequently remediated; or (ii) any fraud that involves Giga’s management or other
employees who have a role in the preparation of financial statements or the internal control over financial reporting utilized by Giga
and its Subsidiaries.

 

(e)       Inventories.
The inventories and raw materials of Giga, including those reflected in the Giga financial statements, are of a quantity and quality usable
and saleable in the ordinary course of business within a reasonable period of time and without discount outside of the ordinary course
of business, are merchantable and fit and sufficient for their particular purpose, are not slow moving or obsolete based on Giga’s
accounting policies and practices and are reasonable in kind and amount in light of the normal needs of Giga and Giga’s forecasted
sales. To the Knowledge of Giga, COVID-19 and COVID-19 Measures do not prevent Giga from maintaining an adequate quantity of inventory
and raw materials, including as a result of any disruption in supply chains affecting Giga’s supply of inventory and raw materials.
None of the inventory of Giga is subject to any consignment, bailment, warehousing or similar contract.

 

(f)       Undisclosed
Liabilities. The audited balance sheet of Giga dated as of March 27, 2021 contained in the Giga SEC Documents filed prior to the Effective
Date is hereinafter referred to as the “Giga Balance Sheet.” Neither Giga nor any of its Subsidiaries has any Liabilities
other than Liabilities that: (i) are reflected or reserved against in Giga Balance Sheet (including in the notes thereto); (ii) were incurred
since the date of Giga Balance Sheet in the ordinary course of business consistent with past practice and are set forth on Schedule
3.04(f); (iii) are incurred in connection with the transactions contemplated by this Agreement; or (iv) would not reasonably be expected
to have, individually or in the aggregate, a Giga Material Adverse Effect.

 

(g)       Off-Balance
Sheet Arrangements. Neither Giga nor any of its Subsidiaries is a party to, or has any commitment to become a party to: (i) any joint
venture, off-balance sheet partnership, or any similar Contract or arrangement (including any Contract or arrangement relating to any
transaction or relationship between or among Giga or any of its Subsidiaries, on the one hand, and any other Person, including any structured
finance, special purpose, or limited purpose Person, on the other hand); or (ii) any “off-balance sheet arrangements” (as
defined in Item 303(a) of Regulation S-K promulgated by the SEC).

 

    	 		 

    	 

    

 

(h)       Giga
Sarbanes-Oxley Compliance. Each of the principal executive officer and the principal financial officer of Giga (or each former principal
executive officer and each former principal financial officer of Giga, as applicable) has made all certifications required by Rule 13a-14
or 15d-14 under the Exchange Act and Sections 302 and 906 of the Sarbanes-Oxley Act with respect to the Giga SEC Documents, and the statements
contained in such certifications are true and accurate in all material respects. For purposes of this Agreement, “principal executive
officer” and “principal financial officer” shall have the meanings given to such terms in the Sarbanes-Oxley Act. Giga
is also in compliance in all material respects with all of the other applicable provisions of the Sarbanes-Oxley Act.

 

(i)       Accounting,
Securities, or Other Related Complaints or Reports. Since March 27, 2021: (i) none of Giga or any of its Subsidiaries nor any director
or officer of Giga or any of its Subsidiaries has received any oral or written complaint, allegation, assertion, or claim regarding the
financial accounting, internal accounting controls, or auditing practices, procedures, methodologies, or methods of Giga or any of its
Subsidiaries or any oral or written complaint, allegation, assertion, or claim from employees of Giga or any of its Subsidiaries regarding
questionable financial accounting or auditing matters with respect to Giga or any of its Subsidiaries; and (ii) no attorney representing
Giga or any of its Subsidiaries, whether or not employed by Giga or any of its Subsidiaries, has reported credible evidence of any material
violation of securities Laws, breach of fiduciary duty, or similar material violation by Giga, any of its Subsidiaries, or any of their
respective officers, directors, employees, or agents to the Giga Board or any committee thereof, or to the chief executive officer, chief
financial officer, or chief operating officer.

 

Section
3.05  Absence of Certain Changes or Events. Since the date of the Giga Balance Sheet, except in connection with the execution
and delivery of this Agreement and the consummation of the transactions contemplated hereby, the business of Giga and each of its Subsidiaries
has been conducted in the ordinary course of business consistent with past practice and there has not been or occurred:

 

(a)       any
Giga Material Adverse Effect or any event, condition, change, or effect that could reasonably be expected to have, individually or in
the aggregate, a Giga Material Adverse Effect; or

 

(b)       any
event, condition, action, or effect that, if taken during the period from the Effective Date through the Closing, would constitute a breach
of Section 6.02.

 

Section
3.06  Taxes. 

 

(a)       Tax
Returns and Payment of Taxes. Giga and each of its Subsidiaries has duly and timely filed or caused to be filed (taking into account
any valid extensions) all material Tax Returns required to be filed by it. Such Tax Returns are true, complete, and correct in all material
respects. Neither Giga nor any of its Subsidiaries is currently the beneficiary of any extension of time within which to file any Tax
Return other than extensions of time to file Tax Returns obtained in the ordinary course of business consistent with past practice. All
material Taxes due and owing by Giga or any of its Subsidiaries (whether or not shown on any Tax Return) have been timely paid or, where
payment is not yet due, Giga has made an adequate provision for such Taxes in Giga’s financial statements included in the Giga SEC
Documents (in accordance with GAAP). Giga’s most recent financial statements included in the Giga SEC Documents reflect an adequate
reserve (in accordance with GAAP) for all material Taxes payable by Giga and its Subsidiaries through the date of such financial statements.
Neither Giga nor any of its Subsidiaries has incurred any material Liability for Taxes since the date of Giga’s most recent financial
statements included in the Giga SEC Documents outside of the ordinary course of business or otherwise inconsistent with past practice.

 

    	 		 

    	 

    

 

(b)       Availability
of Tax Returns. Giga has made available to BitNile complete and accurate copies of all federal, state, local, and foreign income,
franchise, and other material Tax Returns filed by or on behalf of Giga or its Subsidiaries for any Tax period ending after the day of
its fiscal year ending in 2017.

 

(c)       Withholding.
Giga and each of its Subsidiaries has withheld and timely paid each material Tax required to have been withheld and paid by it in connection
with amounts paid or owing to any Giga Employee, creditor, customer, stockholder, or other party (including, without limitation, withholding
of Taxes pursuant to Sections 1441 and 1442 of the Code or similar provisions under any state, local, and foreign Laws), and materially
complied with all information reporting and backup withholding provisions of applicable Law.

 

(d)       Liens.
There are no Liens for material Taxes upon the assets of Giga or any of its Subsidiaries other than for current Taxes not yet delinquent
or for Taxes that are being contested in good faith by appropriate proceedings and for which adequate reserves in accordance with GAAP
has been made in Giga’s most recent financial statements included in the Giga SEC Documents.

 

(e)       Tax
Deficiencies and Audits. No deficiency for any material amount of Taxes which has been proposed, asserted, or assessed in writing
by any Taxing authority against Giga or any of its Subsidiaries remains unpaid. There are no waivers or extensions of any statute of limitations
currently in effect with respect to Taxes of Giga or any of its Subsidiaries. There are no audits, suits, proceedings, investigations,
claims, examinations, or other administrative or judicial proceedings ongoing or pending with respect to any material Taxes of Giga or
any of its Subsidiaries.

 

(f)       Tax
Jurisdictions. No claim has ever been made in writing by any Taxing authority in a jurisdiction where Giga or any of its Subsidiaries
does file Tax Returns that Giga or any such Subsidiary is or may be subject to Tax in that jurisdiction. 

 

(g)       Tax
Rulings. Neither Giga nor any of its Subsidiaries has requested or is the subject of or bound by any private letter ruling, technical
advice memorandum, or similar ruling or memorandum with any Taxing authority with respect to any material Taxes, nor is any such request
outstanding.

 

    	 	 	 

    	 

    

 

(h)       Consolidated
Groups, Transferee Liability, and Tax Agreements. Neither Giga nor any of its Subsidiaries: (i) has been a member of a group filing
Tax Returns on a consolidated, combined, unitary, or similar basis (other than a group of which Giga is the common parent); (ii) has any
material liability for Taxes of any Person (other than Giga or any of its Subsidiaries) under Treasury Regulation Section 1.1502-6 (or
any comparable provision of local, state, or foreign Law), as a transferee or successor; or (iii) is a party to, bound by or has any material
liability under any Tax sharing, allocation, or indemnification agreement or arrangement (other than customary Tax indemnifications contained
in credit or other commercial agreements the primary purpose of which agreements does not relate to Taxes).

 

(i)       Change
in Accounting Method. Neither Giga nor any of its Subsidiaries has agreed to make, nor is it required to make, any material adjustment
under Section 481(a) of the Code or any comparable provision of state, local, or foreign Tax Laws by reason of a change in accounting
method or otherwise.

 

(j)       Post-Closing
Tax Items. Neither Giga nor any of its Subsidiaries will be required to include any material item of income in, or exclude any material
item of deduction from, taxable income for any taxable period (or portion thereof) ending after the Closing Date as a result of any: (i)
“closing agreement” as described in Section 7121 of the Code (or any corresponding or similar provision of state, local or
foreign income Tax Law) executed on or prior to the Closing Date; (ii) installment sale or open transaction disposition made on or prior
to the Closing Date; (iii) prepaid amount received on or prior to the Closing Date; (iv) any income under Section 965(a) of the Code,
including as a result of any election under Section 965(h) of the Code with respect thereto; or (v) election under Section 108(i) of the
Code.

 

(k)       Ownership
Changes. Without regard to this Agreement, neither Giga nor any of its Subsidiaries has undergone an “ownership change”
within the meaning of Section 382 of the Code.

 

(l)       Section
355. Neither Giga nor any of its Subsidiaries has been a “distributing corporation” or a “controlled corporation”
in connection with a distribution described in Section 355 of the Code.

 

(m)       Reportable
Transactions. Neither Giga nor any of its Subsidiaries has been a party to, or a material advisor with respect to, a “reportable
transaction” within the meaning of Section 6707A(c)(1) of the Code and Treasury Regulations Section
1.6011-4(b).

 

Section
3.07  Giga Intellectual
Property. 

 

(a)       Schedule
3.07(a) lists all of (i) the Giga IP Registrations and (ii) the Giga Intellectual Property that are not registered but that are material
to Giga’s business or operations. All required filings and fees related to the Giga IP Registrations have been timely filed with
and paid to the relevant Governmental Authorities and authorized registrars, and all the Giga’s IP Registrations are otherwise in
good standing. Giga has provided or made available to Giga true and complete copies of file histories, documents, certificates, office
actions, correspondence and other materials related to all the Giga’s IP Registrations.

 

    	 	 	 

    	 

    

 

(b)       Schedule
3.07(b) lists all of the Giga IP Agreements, excluding off-the-shelf licenses or software as a service agreements for commercially
available software provided at a cost of less than $5,000 per year. Giga has provided or otherwise made available to GWW true and complete
copies of all such Giga IP Agreements, including all modifications, amendments and supplements thereto and waivers thereunder. Each Giga
IP Agreement is valid and binding on Giga or its Subsidiaries, as applicable, in accordance with its terms and is in full force and effect.
Neither Giga (or its Subsidiaries, as applicable), nor, to the Knowledge of Giga, any other party thereto is in breach of or default under
(or, to the Knowledge of Giga, is alleged to be in breach of or default under), or has provided or received any notice of breach or default
of or any intention to terminate, any Giga IP Agreement.

 

(c)       Except
as set forth on Schedule 3.07(c), Giga or a Subsidiary of Giga is the sole and exclusive legal and beneficial, and with
respect to the Giga IP Registrations, record, owner of all right, title and interest in and to the Giga Intellectual Property, and, to
the Knowledge of Giga, has the valid right to use all other Intellectual Property used in or necessary for the conduct of Giga’s
current business or operations, in each case, free and clear of Encumbrances other than Permitted Encumbrances. Without limiting the generality
of the foregoing, Giga has entered into binding, written agreements with every current and former employee, and with every current and
former independent contractor, whereby such employees and independent contractors (i) assign to Giga any ownership interest and right
they may have in the Giga Intellectual Property; and (ii) acknowledge Giga’s exclusive ownership of all of the Giga Intellectual
Property, except for any non-compliance which would not reasonably be deemed to have a Giga Material Adverse Effect. Giga has provided
GWW with true and complete copies of all such agreements to the extent requested by GWW.

 

(d)       The
consummation of the Share Exchange and the transactions contemplated by this Agreement will not result in the loss or impairment of or
payment of any additional amounts with respect to, nor require the consent of any other Person in respect of, Giga’s or its Subsidiaries’
right to own, use or hold for use any Intellectual Property as owned, used or held for use in the conduct of Giga’s business or
operations as currently conducted.

 

(e)       Giga’s
and/or its Subsidiaries’ rights in the Giga Intellectual Property are valid, subsisting and enforceable. Giga has taken reasonable
steps to maintain the Giga Intellectual Property and to protect and preserve the confidentiality of all trade secrets included in the
Giga Intellectual Property, including requiring all Persons having access thereto to execute written non-disclosure agreements.

 

(f)       To
the Knowledge of Giga, the conduct of Giga’s business as currently and formerly conducted, and the products, processes and services
of Giga, have not infringed, misappropriated, diluted or otherwise violated, and to the Knowledge of Giga
do not and will not infringe, dilute, misappropriate or otherwise violate the Intellectual Property or other rights of any Person. To
the Knowledge of Giga, no Person has infringed, misappropriated, diluted or otherwise violated, or is currently infringing, misappropriating,
diluting or otherwise violating, any Giga Intellectual Property.

 

    	 	 	 

    	 

    

 

(g)       There
are no Legal Proceedings (including any oppositions, interferences or re-examinations) settled, pending or, to the Knowledge of Giga,
threatened (including in the form of offers to obtain a license): (i) alleging any infringement, misappropriation, dilution or violation
of the Intellectual Property of any Person by Giga or any of its Subsidiaries; (ii) challenging the validity, enforceability, registrability
or ownership of any Giga Intellectual Property or Giga’s and/or its Subsidiaries’ rights with respect to any Giga Intellectual
Property; or (iii) by Giga or any other Person alleging any infringement, misappropriation, dilution or violation by any Person of the
Giga Intellectual Property. Giga is not subject to any outstanding or prospective Order (including any motion or petition therefor) that
does or would restrict or impair the use of any Giga Intellectual Property.

 

Section
3.08  Compliance; Permits. 

 

(a)       Compliance.
Giga and each of its Subsidiaries are and, since January 1, 2018, have been in material compliance with, all Laws or Orders applicable
to Giga or any of its Subsidiaries or by which Giga or any of its Subsidiaries or any of their respective businesses or properties is
bound. Since January 1, 2018, no Governmental Authority has issued any notice or notification stating that Giga or any of its Subsidiaries
is not in compliance with any Law in any material respect.

 

(b)       Permits.
Giga and its Subsidiaries hold, to the extent necessary to operate their respective businesses as such businesses are being operated as
of the Effective Date, all Permits, except for any Permits for which the failure to obtain or hold would not reasonably be expected to
have, individually or in the aggregate, a Giga Material Adverse Effect. No suspension, cancellation, non-renewal, or adverse modifications
of any Permits of Giga or any of its Subsidiaries is pending or, to the Knowledge of Giga, threatened, except for any such suspension
or cancellation which would not reasonably be expected to have, individually or in the aggregate, a Giga Material Adverse Effect. Giga
and each of its Subsidiaries is and, since January 1, 2018, has been in compliance with the terms of all Permits, except where the failure
to be in such compliance would not reasonably be expected to have, individually or in the aggregate, a Giga Material Adverse Effect.

 

Section
3.09  Litigation. There is no Legal Proceeding pending, or to the Knowledge of Giga, threatened against Giga or any of its
Subsidiaries or any of their respective properties or assets or, to the Knowledge of Giga, any officer or director of Giga or any of its
Subsidiaries in their capacities as such other than any such Legal Proceeding that: (a) does not involve an amount in controversy in excess
of $50,000; and (b) does not seek material injunctive or other material non-monetary relief. None of Giga or any of its Subsidiaries or
any of their respective properties or assets is subject to any order, writ, assessment, decision, injunction, decree, ruling, or judgment
of a Governmental Authority or arbitrator, whether temporary, preliminary, or permanent (“Order”), which would reasonably
be expected to have, individually or in the aggregate, a Giga Material Adverse Effect. To the Knowledge of Giga, there are no SEC inquiries
or investigations, other governmental inquiries or investigations (however, a government may term such matters), or internal investigations
pending or, to the Knowledge of Giga, threatened, in each case regarding any acts or practices (or any disclosures or omissions to disclose)
of Giga or any of its Subsidiaries or any misfeasance or malfeasance by any officer or director of Giga.

 

    	 	 	 

    	 

    

 

Section
3.10  Brokers’ and Finders’ Fees. Except for fees
payable to Roth Capital Partners, LLC (the “Giga Financial Advisor”) pursuant to an engagement letter listed in Schedule
3.10, a correct and complete copy of which has been provided to GWW and BitNile, neither Giga nor any of its Subsidiaries has incurred,
nor will it incur, directly or indirectly, any liability for investment banker, brokerage, or finders’ fees or agents’ commissions,
or any similar charges in connection with this Agreement or any transaction contemplated by this Agreement.

 

Section
3.11  Related Person Transactions. There are, and since the Giga fiscal year ended in 2018, there have been, no Contracts,
transactions, arrangements, or understandings between Giga or any of its Subsidiaries, on the one hand, and any Affiliate (including any
director, officer, or employee or any of their respective family members) thereof or any holder of 5% or more of the shares of Giga Common
Stock (or any of their respective family members), but not including any wholly-owned Subsidiary of Giga, on the other hand, that would
be required to be disclosed pursuant to Item 404 of Regulation S-K promulgated by the SEC that has not been disclosed in the Giga SEC
Documents.

 

Section
3.12  Employee Benefit Issues. 

 

(a)       Schedule.
Schedule 3.12(a) contains a true and complete list, as of the Effective Date, of each plan, program, policy, agreement, collective
bargaining agreement, or other arrangement providing for compensation, severance, deferred compensation, performance awards, stock or
stock-based awards, health, dental, retirement, life insurance, death, accidental death & dismemberment, disability, fringe, or wellness
benefits, or other employee benefits or remuneration of any kind, including each employment, termination, severance, retention, change
in control, or consulting or independent contractor plan, program, arrangement, or agreement, in each case whether written or unwritten
or otherwise, funded or unfunded, insured or self-insured, including each “employee benefit plan,” within the meaning of Section
3(3) of ERISA, whether or not subject to ERISA, which is or has been sponsored, maintained, contributed to, or required to be contributed
to, by Giga or any of its Subsidiaries for the benefit of any current or former employee, independent contractor, consultant, or director
of Giga or any of its Subsidiaries (each, a “Giga Employee”), or with respect to which Giga or any Giga ERISA Affiliate
has or may have any Liability (collectively, the “Giga Employee Plans”).

 

(b)       Documents.
Giga has made available to BitNile correct and complete copies (or, if a plan or arrangement is not written, a written description) of
all Giga Employee Plans and amendments thereto, and, to the extent applicable: (i) all related trust agreements, funding arrangements,
insurance contracts, and service provider agreements now in effect or required in the future as a result of the transactions contemplated
by this Agreement or otherwise; (ii) the most recent determination letter received regarding the tax-qualified status of each Giga Employee
Plan; (iii) the most recent financial statements for each Giga Employee Plan; (iv) the Form 5500 Annual Returns/Reports and Schedules
for the most recent plan year for each Giga Employee Plan; (v) the current summary plan description and any related summary of material
modifications and, if applicable, summary of benefits and coverage, for each Giga Employee Plan; and (vi) all actuarial valuation reports
related to any Giga Employee Plans.

 

    	 	 	 

    	 

    

 

(c)       Employee
Plan Compliance. (i) Each Giga Employee Plan has been established, administered, and maintained in all material respects in accordance
with its terms and in material compliance with applicable Laws, including but not limited to ERISA and the Code; (ii) all the Giga Employee
Plans that are intended to be qualified under Section 401(a) of the Code are so qualified and have received timely determination letters
from the IRS and no such determination letter has been revoked nor, to the Knowledge of Giga, has any such revocation been threatened,
or with respect to a prototype plan, can rely on an opinion letter from the IRS to the prototype plan sponsor, to the effect that such
qualified retirement plan and the related trust are exempt from federal income Taxes under Sections 401(a) and 501(a), respectively, of
the Code, and to the Knowledge of Giga no circumstance exists that is likely to result in the loss of such qualified status under Section
401(a) of the Code; (iii) Giga and its Subsidiaries, where applicable, have timely made all contributions, benefits, premiums, and other
payments required by and due under the terms of each Giga Employee Plan and applicable Law and accounting principles, and all benefits
accrued under any unfunded Giga Employee Plan have been paid, accrued, or otherwise adequately reserved to the extent required by, and
in accordance with GAAP; (iv) except to the extent limited by applicable Law, each Giga Employee Plan can be amended, terminated, or otherwise
discontinued after the Closing in accordance with its terms, without material liability to BitNile, Giga, or any of its Subsidiaries (other
than ordinary administration expenses and in respect of accrued benefits thereunder); (v) there are no investigations, audits, inquiries,
enforcement actions, or Legal Proceedings pending or, to the Knowledge of Giga, threatened by the IRS, U.S. Department of Labor, Health
and Human Services, Equal Employment Opportunity Commission, or any similar Governmental Authority with respect to any Giga Employee Plan;
(vi) there are no material Legal Proceedings pending, or, to the Knowledge of Giga, threatened with respect to any Giga Employee Plan
(in each case, other than routine claims for benefits); (vii) to the Knowledge of Giga, neither Giga nor any of its Giga ERISA Affiliates
has engaged in a transaction that could subject Giga or any Giga ERISA Affiliate to a Tax or penalty imposed by either Section 4975 of
the Code or Section 502(i) of ERISA; and (viii) all non-US Giga Employee Plans that are intended to be funded or book-reserved are funded
or book-reserved, as appropriate, based on reasonable actuarial assumptions.

 

(d)       Plan
Liabilities. Neither Giga nor any Giga ERISA Affiliate has: (i) incurred or reasonably expects to incur, either directly or indirectly,
any liability under Title I or Title IV of ERISA, or related provisions of the Code or foreign Law relating to any Giga Employee Plan
and nothing has occurred that could reasonably be expected to constitute grounds under Title IV of ERISA to terminate, or appoint a trustee
to administer, any Giga Employee Plan; (ii) except for payments of premiums to the Pension Benefit Guaranty Corporation (“PBGC”)
which have been timely paid in full, not incurred any liability to the PBGC in connection with any Giga Employee Plan covering any active,
retired, or former employees or directors of Giga or any Giga ERISA Affiliate, including, without limitation, any liability under Sections
4069 or 4212(c) of ERISA or any penalty imposed under Section 4071 of ERISA, or ceased operations at any facility, or withdrawn from any
such Giga Employee Plan in a manner that could subject it to liability under Sections 4062, 4063 or 4064 of ERISA; (iii) failed to satisfy
the health plan compliance requirements under the Affordable Care Act, including the employer mandate under Section 4980H of the Code
and related information reporting requirements; (iv) failed to comply with Section 601 through 608 of ERISA and Section 4980B of the Code,
regarding the health plan continuation coverage requirements under COBRA; (v) failed to comply with the privacy, security, and breach
notification requirements under HIPAA; or (vi) incurred any withdrawal liability (including any contingent or secondary withdrawal liability)
within the meaning of Sections 4201 or 4204 of ERISA to any multiemployer plan and nothing has occurred that presents a risk of the occurrence
of any withdrawal from or the partition, termination, reorganization, or insolvency of any such multiemployer plan which could result
in any liability of Giga or any Giga ERISA Affiliate to any such multiemployer plan. No complete or partial termination of any Giga Employee
Plan has occurred or is expected to occur.

 

    	 	 	 

    	 

    

 

(e)       Certain
Giga Employee Plans. With respect to each Giga Employee Plan:

 

(i)       no
such plan is a “multiemployer plan” within the meaning of Section 3(37) of ERISA or a “multiple employer plan”
within the meaning of Section 413(c) of the Code and neither Giga nor any of its Giga ERISA Affiliates has now or at any time within the
previous six years contributed to, sponsored, maintained, or had any liability or obligation in respect of any such multiemployer plan
or multiple employer plan;

 

(ii)       no
Legal Proceeding has been initiated by the PBGC to terminate any such Giga Employee Plan or to appoint a trustee for any such Giga Employee
Plan;

 

(iii)       no
Giga Employee Plan is subject to the minimum funding standards of Section 302 of ERISA or Sections 412, 418(b), or 430 of the Code, and
none of the assets of Giga or any Giga ERISA Affiliate is, or may reasonably be expected to become, the subject of any lien arising under
Section 303 of ERISA or Sections 430 or 436 of the Code. Except as set forth in Schedule 3.12(e), no such plan is subject to the
minimum funding standards of Section 302 of ERISA or Sections 412, 418(b), or 430 of the Code, and no plan listed in Schedule 3.12(e)
has failed to satisfy the minimum funding standards of Section 302 of ERISA or Sections 412, 418(b), or 430 of the Code, and none of the
assets of Giga or any Giga ERISA Affiliate is, or may reasonably be expected to become, the subject of any lien arising under Section
303 of ERISA or Sections 430 or 436 of the Code; and

 

(iv)       no
“reportable event,” as defined in Section 4043 of ERISA, has occurred, or is reasonably expected to occur, with respect to
any such Giga Employee Plan.

 

(f)       No
Post-Employment Obligations. No Giga Employee Plan provides post-termination or retiree health benefits to any person for any reason,
except as may be required by COBRA or other applicable Law, and neither Giga nor any Giga ERISA Affiliate has any Liability to provide
post-termination or retiree health benefits to any person or ever represented, promised, or contracted to any Giga Employee (either individually
or to Giga Employees as a group) or any other person that such Giga Employee(s) or other person would be provided with post-termination
or retiree health benefits, except to the extent required by COBRA or other applicable Law.

 

    	 	 	 

    	 

    

 

(g)       Potential
Governmental or Lawsuit Liability. Other than routine claims for benefits: (i) there are no pending or, to the Knowledge of Giga,
threatened claims by or on behalf of any participant in any Giga Employee Plan, or otherwise involving any Giga Employee Plan or the assets
of any Giga Employee Plan; and (ii) no Giga Employee Plan is presently or has within the three years prior to the Effective Date, been
the subject of an examination or audit by a Governmental Authority or is the subject of an application or filing under, or is a participant
in, an amnesty, voluntary compliance, self-correction, or similar program sponsored by any Governmental Authority.

 

(h)       Section
409A Compliance. Each Giga Employee Plan that is subject to Section 409A of the Code has been operated in compliance with such section
and all applicable regulatory guidance (including, without limitation, proposed regulations, notices, rulings, and final regulations).

 

(i)       Health
Plan Compliance. Each of Giga and its Subsidiaries complies in all material respects with the applicable requirements under ERISA
and the Code, including COBRA, HIPAA, and the Affordable Care Act, and other federal requirements for employer-sponsored health plans,
and any corresponding requirements under state statutes, with respect to each Giga Employee Plan that is a group health plan within the
meaning of Section 733(a) of ERISA, Section 5000(b)(1) of the Code, or such state statute.

 

(j)       Effect
of Transaction. Except as set forth in Schedule 3.12(j), neither the execution or delivery of this Agreement, the consummation
of the Share Exchange, nor any of the other transactions contemplated by this Agreement will (either alone or in combination with any
other event): (i) entitle any current or former director, employee, contractor, or consultant of Giga or any of its Subsidiaries to severance
pay or any other payment; (ii) accelerate the timing of payment, funding, or vesting, or increase the amount of compensation due to any
such individual; (iii) limit or restrict the right of Giga to merge, amend, or terminate any Giga Employee Plan; or (iv) increase the
amount payable or result in any other material obligation pursuant to any Giga Employee Plan. No amount that could be received (whether
in cash or property or the vesting of any property) as a result of the consummation of the transactions contemplated by this Agreement
by any employee, director, or other service provider of Giga under any Giga Employee Plan or otherwise would not be deductible by reason
of Section 280G of the Code nor would be subject to an excise Tax under Section 4999 of the Code.

 

(k)       Employment
Law Matters.

 

(i)       Giga
and each of its Subsidiaries: (A) is in compliance with all applicable Laws and agreements regarding hiring, employment, termination of
employment, plant closing and mass layoff, employment discrimination, harassment, retaliation, and reasonable accommodation, leaves of
absence, terms and conditions of employment, wages and hours of work, employee and independent contractor classification (including, without
limitation, the Laws promulgated under California Assembly Bill 5, and all retroactive provisions thereof, and all amendments and successor
Laws thereto), employee health and safety, use of genetic information, leasing and supply of temporary and contingent staff, engagement
of independent contractors, including proper classification of same, payroll Taxes, and immigration with respect to Giga Employees and
contingent workers; and (B) is in compliance with all applicable Laws relating to the relations between it and any labor organization,
trade union, work council, or other body representing Giga Employees, except, in the case of clauses (A) and (B) immediately above, where
the failure to be in compliance with the foregoing would not reasonably be expected to have, individually or in the aggregate, a Giga
Material Adverse Effect.

 

    	 	 	 

    	 

    

 

(ii)       To
Giga’s Knowledge, since June 1, 2019, (A) no allegations of sexual harassment, sexual misconduct or discrimination, whether such
discrimination arises from race, ethnic background, sex, gender status, age or otherwise (“Misconduct”) have been made
involving any current or former director, officer, or independent contractor of Giga or any of its Subsidiaries; and (B) neither Giga
nor any of its Subsidiaries have entered into any settlement agreements related to allegations of Misconduct by any current/current or
former director, officer, employee, or independent contractor of Giga or any of its Subsidiaries.

 

(l)       Labor.
Neither Giga nor any of its Subsidiaries is party to, or subject to, any collective bargaining agreement or other agreement with any labor
organization, work council, or trade union with respect to any of its or their operations. No material work stoppage, slowdown, or labor
strike against Giga or any of its Subsidiaries with respect to employees who are employed within the United States is pending, threatened,
or has occurred in the last two years, and, to the Knowledge of Giga, no material work stoppage, slowdown, or labor strike against Giga
or any of its Subsidiaries with respect to employees who are employed outside the United States is pending, threatened, or has occurred
in the last two years. None of Giga Employees is represented by a labor organization, work council, or trade union and, to the Knowledge
of Giga, there is no organizing activity, Legal Proceeding, election petition, union card signing or other union activity, or union corporate
campaigns of or by any labor organization, trade union, or work council directed at Giga or any of its Subsidiaries, or any Giga Employees.
There are no Legal Proceedings, government investigations, or labor grievances pending, or, to the Knowledge of Giga, threatened relating
to any employment related matter involving any Giga Employee or applicant, including, but not limited to, charges of unlawful discrimination,
retaliation or harassment, failure to provide reasonable accommodation, denial of a leave of absence, failure to provide compensation
or benefits, unfair labor practices, or other alleged violations of Law, except for any of the foregoing which would not reasonably be
expected to have, individually or in the aggregate, a Giga Material Adverse Effect.

 

Section
3.13  Real Property and Personal Property Matters. 

 

(a)       Giga
Owned Real Estate. Giga or one or more of its Subsidiaries has good and marketable fee simple title to the Giga Owned Real Estate
free and clear of any Liens other than the Permitted Liens. Schedule 3.13(a) contains a true and complete list by address and legal
description of the Giga Owned Real Estate as of the Effective Date. Neither Giga nor any of its Subsidiaries: (i) lease or grant any Person
the right to use or occupy all or any part of the Giga Owned Real Estate; (ii) other than to BitNile, has granted any Person an option,
right of first offer, or right of first refusal to purchase such Giga Owned Real Estate or any portion thereof or interest therein; or
(iii) has received written notice of any pending, and to the Knowledge of Giga threatened, condemnation proceeding affecting any Giga
Owned Real Estate or any portion thereof or interest therein. Neither Giga nor any Subsidiary is a party to any agreement or option to
purchase any real property or interest therein.

 

    	 	 	 

    	 

    

 

(b)       Giga
Leased Real Estate. Schedule 3.13(b) contains a true and complete list of all Leases (including all amendments, extensions,
renewals, guaranties, and other agreements with respect thereto) as of the Effective Date for each such Giga Leased Real Estate (including
the date and name of the parties to such Lease document). Giga has delivered to BitNile a true and complete copy of each such Lease. Except
as set forth on Schedule 3.13(b), with respect to each of the Leases set forth on Schedule 3.13(b): (i) such Lease is legal,
valid, binding, enforceable, and in full force and effect; (ii) neither Giga nor any of its Subsidiaries nor, to the Knowledge of Giga,
any other party to the Lease, is in breach or default under such Lease, and no event has occurred or circumstance exists which, with or
without notice, lapse of time, or both, would constitute a breach or default under such Lease; (iii) Giga’s or its Subsidiary’s
possession and quiet enjoyment of the Giga Leased Real Estate under such Lease has not been disturbed, and to the Knowledge of Giga, there
are no disputes with respect to such Lease; and (iv) there are no Liens on the estate created by such Lease other than Permitted Liens.
Neither Giga nor any of its Subsidiaries has assigned, pledged, mortgaged, hypothecated, or otherwise transferred any Lease or any interest
therein nor has Giga or any of its Subsidiaries subleased, licensed, or otherwise granted any Person (other than another wholly-owned
Subsidiary of Giga) a right to use or occupy such Giga Leased Real Estate or any portion thereof.

 

(c)       Giga
Real Estate Used in the Business. The Giga Owned Real Estate identified in Schedule 3.13(a) and the Giga Leased Real Estate
identified in Schedule 3.13(b) comprise all of the real property used or intended to be used in, or otherwise related to, the business
of Giga or any of its Subsidiaries.

 

(d)       Personal
Property. Giga and each of its Subsidiaries are in possession of and have good and marketable title to, or valid leasehold interests
in or valid rights under contract to use, the machinery, equipment, furniture, fixtures, and other tangible personal property and assets
owned, leased, or used by Giga or any of its Subsidiaries, free and clear of all Liens other than Permitted Liens.

 

(e)       Sufficiency
of Assets. The rights, properties and assets of Giga and its Subsidiaries are, and as of the Closing will be, sufficient for the conduct
of their respective business as presently conducted in all material respects. Except as set forth on Schedule 3.13(e), (i) no part
of the business of Giga or its Subsidiaries is owned or operated through any Person other than Giga and its Subsidiaries, (ii) no Person
other than Giga and its Subsidiaries, uses or holds for use any of the assets, rights and properties (whether tangible or intangible)
used exclusively or primarily in the business of Giga and its Subsidiaries and (iii) the rights, properties and assets of Giga and its
Subsidiaries are, in all material respects, sufficient for the continued conduct by them of their respective businesses and constitute
all of the rights, properties and assets necessary to conduct its business as currently conducted in all material respects.

 

    	 	 	 

    	 

    

 

Section
3.14  Environmental Matters. Except for such matters as would not reasonably be expected to have, individually or in the
aggregate, a Giga Material Adverse Effect:

 

(a)       Compliance
with Environmental Laws. Giga and its Subsidiaries are, and have been, in compliance with all Environmental Laws, which compliance
includes the possession, maintenance of, compliance with, or application for, all Permits required under applicable Environmental Laws
for the operation of the business of Giga and its Subsidiaries as currently conducted.

 

(b)       No
Disposal, Release, or Discharge of Hazardous Substances. Neither Giga nor any of its Subsidiaries has disposed of, released, or discharged
any Hazardous Substances on, at, under, in, or from any real property currently or, to the Knowledge of Giga, formerly owned, leased,
or operated by it or any of its Subsidiaries or at any other location that is: (i) currently subject to any investigation, remediation,
or monitoring; or (ii) reasonably likely to result in liability to Giga or any of its Subsidiaries, in either case of (i) or (ii) under
any applicable Environmental Laws.

 

(c)       No
Production or Exposure of Hazardous Substances. Neither Giga nor any of its Subsidiaries has: (i) produced, processed, manufactured,
generated, transported, treated, handled, used, or stored any Hazardous Substances, except in compliance with Environmental Laws, at any
Giga Real Estate; or (ii) exposed any employee or any third party to any Hazardous Substances under circumstances reasonably expected
to give rise to any material Liability or obligation under any Environmental Law.

 

(d)       No
Legal Proceedings or Orders. Neither Giga nor any of its Subsidiaries has received written notice of and there is no Legal Proceeding
pending, or to the Knowledge of Giga, threatened against Giga or any of its Subsidiaries, alleging any Liability or responsibility under
or non-compliance with any Environmental Law or seeking to impose any financial responsibility for any investigation, cleanup, removal,
containment, or any other remediation or compliance under any Environmental Law. Neither Giga nor any of its Subsidiaries is subject to
any Order, settlement agreement, or other written agreement by or with any Governmental Authority or third party imposing any material
Liability or obligation with respect to any of the foregoing.

 

(e)       No
Assumption of Environmental Law Liabilities. Neither Giga nor any of its Subsidiaries has expressly assumed or retained any Liabilities
under any applicable Environmental Laws of any other Person, including in any acquisition or divestiture of any property or business.

 

Section
3.15  Material Contracts. 

 

(a)       Material
Contracts. For purposes of this Agreement, “Giga Material Contract” shall mean the following to which Giga or any
of its Subsidiaries is a party or any of the respective assets are bound (excluding any Leases in which Giga or any of its Subsidiaries
is a party):

 

(i)       any
“material contract” (as such term is defined in Item 601(b)(10) of Regulation S-K promulgated by the SEC), whether or not
filed by Giga with the SEC;

 

    	 	 	 

    	 

    

 

(ii)       any
employment or consulting Contract (in each case with respect to which Giga has continuing obligations as of the Effective Date) with any
current or former (A) officer of Giga, (B) member of Giga Board, or (C) Giga Employee providing for an annual base salary or payment,
including non-cash compensation, in excess of $100,000;

 

(iii)       any
Contract providing for indemnification or any guaranty by Giga or any Subsidiary thereof, in each case that is material to Giga and its
Subsidiaries, taken as a whole, other than (A) any guaranty by Giga or a Subsidiary thereof of any of the obligations of (1) Giga or another
wholly-owned Subsidiary thereof or (2) any Subsidiary (other than a wholly-owned Subsidiary) of Giga that was entered into in the ordinary
course of business pursuant to or in connection with a customer Contract, or (B) any Contract providing for indemnification of customers
or other Persons pursuant to Contracts entered into in the ordinary course of business;

 

(iv)       any
Contract that purports to limit in any material respect the right of Giga or any of its Subsidiaries (or, at any time after the consummation
of the Share Exchange, GWW or any of its Affiliates) (A) to engage in any line of business, (B) compete with any Person or solicit any
client or customer, or (C) operate in any geographical location;

 

(v)       any
Contract relating to the disposition or acquisition, directly or indirectly (by merger, sale of stock, sale of assets, or otherwise),
by Giga or any of its Subsidiaries after the Effective Date of assets or capital stock or other equity interests of any Person, in each
case with a fair market value in excess of $50,000;

 

(vi)       any
Contract that grants any right of first refusal, right of first offer, or similar right with respect to any material assets, rights, or
properties of Giga or any of its Subsidiaries;

 

(vii)       any
Contract that contains any provision that requires the purchase of all or a material portion of Giga’s or any of its Subsidiaries’
requirements for a given product or service from a given third party, which product or service is material to Giga and its Subsidiaries,
taken as a whole;

 

(viii)       any
Contract that obligates Giga or any of its Subsidiaries to conduct business on an exclusive or preferential basis or that contains a “most
favored nation” or similar covenant with any third party or upon consummation of the Share Exchange will obligate BitNile, GWW,
or any of their respective Subsidiaries, as applicable, to conduct business on an exclusive or preferential basis or that contains a “most
favored nation” or similar covenant with any third party;

 

(ix)       any
partnership, joint venture, limited liability company agreement, or similar Contract relating to the formation, creation, operation, management,
or control of any material joint venture, partnership, or limited liability company, other than any such Contract solely between Giga
and its wholly-owned Subsidiaries or among Giga’s wholly-owned Subsidiaries;

 

    	 	 	 

    	 

    

 

(x)       any
mortgages, indentures, guarantees, loans, or credit agreements, security agreements, or other Contracts, in each case relating to indebtedness
for borrowed money, whether as borrower or lender, in each case in excess of $50,000, other than (A) accounts receivables and payables,
and (B) loans to direct or indirect wholly-owned Subsidiaries of Giga;

 

(xi)       any
employee collective bargaining agreement or other Contract with any labor union;

 

(xii)       any
Giga IP Agreement, other than licenses for shrinkwrap, clickwrap, or other similar commercially available off-the-shelf software that
has not been modified or customized by a third party for Giga or any of its Subsidiaries;

 

(xiii)       any
other Contract under which Giga or any of its Subsidiaries is obligated to make payment or incur costs in excess of $100,000 in any year
and which is not otherwise described in clauses (i)–(xii) above; or

 

(xiv)       any
Contract which is not otherwise described in clauses (i)-(xiii) above that is material to Giga and its Subsidiaries, taken as a whole.
.. For the purposes of this subsection (xiv) “material” means in excess of $500,000.

 

(b)       Schedule
of Material Contracts; Documents. Schedule 3.15(b) sets forth a true and complete list as of the Effective Date of all Giga
Material Contracts. Giga has made available to BitNile correct and complete copies of all Giga Material Contracts, including any amendments
thereto.

 

(c)       No
Breach. (i) All Giga Material Contracts are legal, valid, and binding on Giga or its applicable Subsidiary, enforceable against it
in accordance with its terms, and is in full force and effect; (ii) neither Giga nor any of its Subsidiaries nor, to the Knowledge of
Giga, any third party has violated any provision of, or failed to perform any obligation required under the provisions of, any Giga Material
Contract; and (iii) neither Giga nor any of its Subsidiaries nor, to the Knowledge of Giga, any third party is in breach, or has received
written notice of breach, of any Giga Material Contract.

 

Section
3.16  Insurance. Except as would not, individually or in the
aggregate, reasonably be expected to have a Giga Material Adverse Effect, insurance policies maintained by Giga and its Subsidiaries are
in full force and effect and provide insurance in such amounts and against such risks as Giga reasonably has determined to be prudent,
taking into account the industries in which Giga and its Subsidiaries operate, and as is sufficient to comply with applicable Law. Except
as would not, individually or in the aggregate, reasonably be expected to have a Giga Material Adverse Effect, neither Giga nor any of
its Subsidiaries is in breach or default, and neither Giga nor any of its Subsidiaries has taken any action or failed to take any action
which, with notice or the lapse of time, would constitute such a breach or default, or permit termination or modification of, any of such
insurance policies. Except as would not, individually or in the aggregate, reasonably be expected to have a Giga Material Adverse Effect
and to the Knowledge of Giga: (i) no insurer of any such policy has been declared insolvent or placed in receivership, conservatorship,
or liquidation; and (ii) no notice of cancellation or termination, other than pursuant to the expiration of a term in accordance with
the terms thereof, has been received with respect to any such policy.

 

    	 	 	 

    	 

    

 

Section
3.17  Information Supplied. None of the information supplied
or to be supplied by or on behalf of Giga for inclusion or incorporation by reference in the Proxy Statement to be filed with the SEC
by Giga in connection with the approval of the Share Exchange (and any other definitive proxy material filed by Giga on EDGAR relating
to the Giga Stockholders Meeting or the Consent Solicitation) will, at the time the Proxy Statement is filed with the SEC, and at any
time it is amended or supplemented, contain any untrue statement of a material fact or omit to state any material fact required to be
stated therein or necessary to make the statements therein not misleading. The Proxy Statement will comply as to form in all material
respects with the requirements of the Exchange Act.

 

Section
3.18  Anti-Corruption Matters. Since its fiscal year ended in
2015, none of Giga, any of its Subsidiaries or any director, officer or, to the Knowledge of Giga, employee or agent of Giga or any of
its Subsidiaries has: (i) used any funds for unlawful contributions, gifts, entertainment, or other unlawful payments relating to an act
by any Governmental Authority; (ii) made any unlawful payment to any foreign or domestic government official or employee or to any foreign
or domestic political party or campaign or violated any provision of the U.S. Foreign Corrupt Practices Act of 1977, as amended; or (iii)
made any other unlawful payment under any applicable Law relating to anti-corruption, bribery, or similar matters. Since its fiscal year
ended in 2015, neither Giga nor any of its Subsidiaries has disclosed to any Governmental Authority that it violated or may have violated
any Law relating to anti-corruption, bribery, or similar matters. To the Knowledge of Giga, no Governmental Authority is investigating,
examining, or reviewing Giga’s compliance with any applicable provisions of any Law relating to anti-corruption, bribery, or similar
matters.

 

Section
3.19  COVID-19; COVID-19 Measures. 

 

(a)       Giga
is not subject to (or has received an exclusion from the applicable Governmental Authority) COVID-19 Measures, such that Giga may not
continue to operate in the Ordinary Course of Business as of the Effective Date and the reasonably foreseeable future.

 

(b)       Schedule
3.19(b) sets forth a list of each loan or other financial grant for which Giga has applied or which it has received pursuant to any
COVID-19 Measure, including any “Paycheck Protection Program” loan, “Economic Stabilization Fund” loan, or other
SBA loan, which loans remain outstanding.

 

(c)       Giga
has in place and maintains in effect business continuity, risk management, emergency and disaster plans, procedures, protocols and facilities
appropriate for the nature of the risks associated with the business of Giga.

 

(d)       Giga
has taken reasonable actions to (i) reduce the potentially adverse effects of COVID-19 and COVID-19 Measures on Giga, and (ii) assess
and monitor risks which may arise from the continuation of the COVID-19 pandemic.

 

    	 	 	 

    	 

    

 

(e)       Except
as set forth on Schedule 3.19(e), as of the Effective Date, Giga has not had, nor to the Knowledge of Giga are there any facts
that would give rise to, any workforce changes resulting from disruptions due to COVID-19 or COVID-19 Measures, whether directly or indirectly,
including any actual or expected terminations, layoffs, furlough, shutdowns (whether voluntary or by Order), or any changes to benefit
or compensation programs, nor are any such changes currently contemplated.

 

(f)       Giga
has no Knowledge that any Personnel has any plans to terminate his, her or its status as an employee or independent contractor of Giga,
including upon or in connection with the consummation of the transactions contemplated by this Agreement or as a result of COVID-19 or
COVID-19 Measures.

 

Section
3.20  Government Contracts.

 

(a)       Schedule
3.20(a) contains an accurate and complete list, as of the Effective Date, of: (i) each Government Contract to which Giga is a party
and for which the period of performance has not expired or terminated or for which final payment has not yet been received, in each case,
accounting for revenues for the period from January 1, 2021 through August 31, 2021 in excess of $100,000; (ii) each pending Government
Bid that Giga or any of its Subsidiaries has submitted with an aggregate contract value, if awarded to Giga or any of its Subsidiaries,
in excess of $100,000; and (iii) each Government Contract to which Giga or any of its Subsidiaries is a party accounting for revenues
for the period from January 1, 2021 through August 31, 2021 in excess of $100,000, and that requires the other contracting party’s
consent for a change in control or ownership of Giga or any of its Subsidiaries, or permits the other contracting party to terminate or
cancel a Government Contract upon a change in control or ownership of Giga or any of its Subsidiaries. Notwithstanding anything to the
contrary contained in this Section 3.20(a), Giga is not obligated to list any Giga Stockholders’ Contracts and Bids on Schedule
3.20(a).

 

(b)       As
of the Effective Date, neither Giga nor any of its Subsidiaries has received written notice that any Government Contracts or Government
Bids are the subject of bid or award protest Legal Proceedings or that the counterparty to any such Government Contract intends to materially
reduce future expenditures under or refrain from exercising any material options under such Government Contracts.

 

    	 	 	 

    	 

    

 

(c)       Except
as set forth on Schedule 3.20(c), to the Knowledge of Giga, since June 1, 2019: (i) Giga and its Subsidiaries have complied
in all material respects with all applicable Laws pertaining to all Government Contracts or Government Bids (and in any certificate, statement,
list, schedule, or other documents submitted or furnished to a Governmental Authority in connection with the foregoing), including the
Federal Acquisition Regulation (“FAR”); the Defense Federal Acquisition Regulation Supplement (“DFARS”);
Cost Accounting Standards; the Service Contract Act of 1963 (including requirements for paying applicable Service Contract Act wage rate
and fringe benefit rates); the Truth in Negotiations Act; and the Anti-Kickback Act, where and as applicable to each Government Contract
or Government Bid; (ii) neither Giga nor any of its Subsidiaries has received any written notice from a Governmental Authority regarding
any alleged violation by Giga of the Civil False Claims Act, Procurement Integrity Act, Anti-Kickback Act, Truth in Negotiations Act,
Buy American Act, Trade Agreements Act, Service Contract Act, or labor category qualification and billing contract requirements that reasonably
could be expected to be material and adverse to the Acquired Companies taken as a whole; (iii) Giga and its Subsidiaries are in compliance
in all material respects with all national security requirements, including NISPOM and the data security, cybersecurity, and physical
security systems and procedures required by its Government Contracts, including the National Institute of Standard and Technology Special
Publication 800-171 (Protecting Controlled Unclassified Information in Nonfederal Information Systems and Organizations), DFARS 252.204-7008
(Compliance with Safeguarding Covered Defense Information Controls (Oct 2016)), DFARS 252.204-7012 (Safeguarding Covered Defense Information
and Cyber Incident Reporting (Oct 2016)), and with the information security requirements of FAR 52.204-21 (Basic Safeguarding of Covered
Contractor Information Systems (June 2016)); (iv) since the beginning of the fiscal year ended in 2018, any data security, cybersecurity
or physical security breach related to any Government Contract has been reported to the necessary Governmental Authority or higher tier
contractor, as required by the terms of the Government Contract or applicable Law; (v) Giga and its Subsidiaries have complied in all
material respects with all representations and certifications set forth in such Government Contracts or Government Bids; and (vi)
neither the U.S. Government nor any prime contractor, subcontractor, or other Person has notified Giga or any of its Subsidiaries in writing
that Giga or one or more of its Subsidiaries have breached or violated in any material respect any applicable Law, term or condition pertaining
to any Government Contracts or Government Bids.

 

(d)       Except
as set forth on Schedule 3.20(d), since the beginning of its fiscal year ended in 2018, neither Giga nor any of its Subsidiaries
has provided covered telecommunications equipment or services to Government Authorities in the performance of a Government Contract. Since
the beginning of its fiscal year ended in 2018, to the Knowledge of Giga, neither Giga nor any of its Subsidiaries has used covered telecommunications
equipment or services, or used any equipment, system, or service that uses covered telecommunications equipment or services. For purposes
of this section, the term “covered telecommunications equipment or services” shall have the meaning prescribed in FAR clause
52.204-25.

 

(e)       To
the Knowledge of Giga, the beginning of its fiscal year ended in 2018, all facts set forth in or acknowledged in any disclosure statements,
representations, warranties, certifications or other documents made, submitted, or furnished to any Governmental Authority with respect
to any Government Contract or Government Bid were correct, current, and complete in all material respects as of their submission date.
Except as set forth on Schedule 3.20(e), no termination for convenience, termination for default, cure notice, show cause
notice, letter of concern, assessment of liquidated damages, claim, request for equitable adjustment, or material dispute is currently
in effect, has been issued or made since the beginning of its fiscal year ended in 2018, or, to the Knowledge of Giga, has been threatened
in writing since the beginning of its fiscal year ended in 2018, in each case, with respect to any Government Contract in excess of $100,000.

 

(f)       Except
as set forth on Schedule 3.20(f), at all times since the beginning of its fiscal year ended in 2018 and to the extent applicable
and required: (i) Giga’s cost accounting and “contractor business systems” (as defined in DFARS 252.242-7005) have complied
in all material respects with all applicable Laws and with the requirements of Giga’s Government Contracts; and (ii) Giga has not
received written notice of a finding of fraud or any claim of any material Liability as a result of defective pricing, labor mischarging,
or improper payments on the part of Giga or any of its Subsidiaries in connection with any Government Contracts or Government Bids. To
the Knowledge of Giga, there are no indirect rate variances for open cost accounting periods that, individually or in the aggregate, reasonably
would be expected to result in a rate adjustment in excess of current reserves, in the aggregate, on the costs allocated to Giga’s
Government Contracts.

 

    	 	 	 

    	 

    

 

(g)       Since
the beginning of its fiscal year ended in 2018, to the Knowledge of Giga, (i) no Representative or employees of Giga or any of its
Subsidiaries is or has been (except as to routine security investigations) under administrative, civil, or criminal investigation, indictment,
or audit (other than a routine Defense Contract Audit Agency audit in the ordinary course of business) by any Governmental Authority with
respect to any Government Contracts or Government Bids of Giga or any of its Subsidiaries; and (ii) Giga has not received any written
communication from any Governmental Authority that Giga or any of its Subsidiaries will be subject to any administrative, civil, or criminal
investigation, indictment, or audit with respect to any such Government Contracts or Government Bids; and (iii) there have been no written
document requests, subpoenas, search warrants, or civil investigative demands received by Giga or any of its Subsidiaries or its or their
Representatives, or, to the Knowledge of Giga, employees with respect to Government Contracts or Government Bids of Giga or any of its
Subsidiaries.

 

(h)       Except
as set forth on Schedule 3.20(h), within the five year period immediately preceding the Effective Date, no Governmental
Authority has assigned Giga or any of its Subsidiaries a rating below “Satisfactory” in connection with any contractor performance
assessment report, past performance questionnaire, or similar evaluation of past performance. Summaries of all level III and level IV
Corrective Action Requests issued by Defense Contract Management Agency to any Acquired Company since January 1, 2018 to the Effective
Date, and any related summary of corrective action responses and plans, have been made available to BitNile.

 

(i)       Since
the beginning of its fiscal year ended in 2018, neither Giga nor any of its Subsidiaries, nor any of its or their respective Principals
(as defined in FAR 52.209-5) is presently indicted or has been convicted of, had a civil judgment rendered against them, or have had a
finding of fault and Liability rendered against them in any Legal Proceeding for: (i) commission of fraud or a criminal offense in connection
with the obtaining, attempting to obtain, or performing a Government Contract; (ii) violation of federal or state antitrust laws relating
to submission of offers; or (iii) commission of embezzlement, theft, forgery, bribery, falsification or destruction of records, making
false statements, Tax evasion, violating federal criminal Tax Laws, or receiving stolen property. Since the beginning of its fiscal year
ended in 2018, neither Giga nor any of its Subsidiaries has had a disposition in a Legal Proceeding by consent or compromise with an acknowledgment
of fault by Giga or any of its Subsidiaries if the Legal Proceeding could have led to any of the outcomes specified in clauses (i) through
(iii) of the preceding sentence.

 

    	 	 	 

    	 

    

 

(j)       Neither
Giga nor any of its Subsidiaries or its or their respective Principals (as defined FAR 52.209-5) has been or is now debarred, suspended,
proposed for suspension or debarment, deemed non-responsible, or otherwise excluded from participation in, or the award of, Government
Contracts or from doing business with any Governmental Authority, nor does any other condition exist that would require disclosure under
FAR 52.209-5. To the Knowledge of Giga, there exist no facts or circumstances that would warrant the institution of suspension, debarment
or exclusion proceedings or the finding of non-compliance, non-responsibility or ineligibility on the part of Giga or any of its Subsidiaries
or its or their respective Principals (as defined in FAR 52.209-5).

 

(k)       Since
the beginning of its fiscal year ended in 2018, neither Giga nor any of its Representatives has made a written voluntary disclosure with
respect to any alleged, potential, or actual irregularity, misstatement, noncompliance, or omission arising under or relating to a Government
Contract or Government Bid, nor made any disclosure to any Governmental Authority pursuant to the FAR mandatory disclosure provisions
(FAR 9.406-2, 9.407-2 & 52.203-13) and, to the Knowledge of Giga, no facts and circumstances exist that would require a mandatory
disclosure pursuant to FAR 52.203-13. Since the beginning of its fiscal year ended in 2018, neither Giga nor any of its Subsidiaries has
provided to any third party any Intellectual Property developed under any Government Contract in violation of such Government Contract.

 

(l)       Neither
Giga nor any of its Subsidiaries is performing work for a Governmental Authority with an aggregate cost to Giga or its Subsidiaries of
$100,000 without the benefit of a Government Contract, the reasonable expectation of a Government Contract based upon memorialized communications
with the customer or contractual authorization or funding from such Governmental Authority, nor did any billed accounts receivable arise
pursuant to such an arrangement.

 

(m)       To
the Knowledge of Giga, (i) all personnel security clearances and facility security clearances required by Giga’s and/or its Subsidiaries’
Government Contracts are valid and in full force and effect, (ii) Giga has not received written notice of any threatened revocation, invalidation,
or suspension of any facility or personnel security clearance nor has Giga received any notice from a Governmental Authority of threatened
revocation, invalidation or suspension of any facility security clearance, (iii) since the beginning of its fiscal year ended in 2018,
Giga has not received a rating less than “Satisfactory” from any DCSA or other CSA inspection or audit, and (iv) there has
been no material unauthorized disclosure of classified information by employees of Giga or any of its Subsidiaries.

 

(n)       To
the Knowledge of Giga, (i) there are no Government Contracts or Government Bids (or mitigation plans under such Government Contracts or
Government Bids) that include one or more terms or provisions that identify specific contracts, program, or work and restrict Giga’s
or any of its Subsidiaries’ ability to bid on or perform work on future Government Contracts or programs or for specific periods
of time based upon “organizational conflicts of interest,” as defined in FAR Subpart 9.5, (ii) there are no activities or
relationships between, on the one hand, Giga and/or any of its Subsidiaries and, on the other hand, BitNile, that reasonably would be
expected to result in an organizational or personal conflict of interest, as defined in the FAR, as a result of this Agreement or the
consummation of the transactions contemplated by this Agreement, and (iii) Giga and its Subsidiaries are and have been at all times since
the beginning of its fiscal year ended in 2018 in compliance in all material respects with all organizational or personal conflict of
interest (as defined in the FAR) mitigation plans entered into by Giga or any of its Subsidiaries in connection with any active program
or proposal. Since the beginning of its fiscal year ended in 2018, neither Giga nor any of its Subsidiaries has received any written notice
of any failure to comply with such plans or the existence of any prohibited organizational or personal conflict of interest in connection
with any Government Contract or Government Bid.

 

    	 	 	 

    	 

    

 

(o)       To
the Knowledge of Giga, there are no outstanding allegations of improper activities arising from any audit or non-audit review by a Governmental
Authority, including without limitation, by the Defense Contract Audit Agency, of Giga or any of its Subsidiaries or work performed by
Giga or any of its Subsidiaries that would, individually or in the aggregate, have a Giga Material Adverse Effect. In the past five years,
Giga and each of its Subsidiaries has been and is in compliance in all material respects with any applicable United States national customs
or export control laws and regulations, including the Export Administration Regulations, the Arms Export Control Act, and the International
Traffic in Arms Regulations.

 

Section
3.21  Fairness Opinion. Giga has received the opinion of the
Giga Financial Advisor (and has provided a copy of such opinion to BitNile) to the effect that, as of the Effective Date and based upon
and subject to the qualifications and assumptions set forth therein, the Exchange Ratio is fair, from a financial point of view, to the
holders of shares of Giga Common Stock, and, as of the Effective Date, such opinion has not been withdrawn, revoked, or modified.

 

Section
3.22  Privacy and Data Security. Giga has provided true and correct copies of all current Privacy Policies adopted
by Giga or any of its Subsidiaries in connection with the operation of its business. To the Knowledge of Giga, Giga and its Subsidiaries
have, during the period beginning June 1, 2019 through the Effective Date: (i) complied with all applicable Laws related to the protection,
privacy and security of Personal Data, and any similar federal, state or foreign law and other laws regarding the disclosure of Personal
Data; (ii) not violated its applicable Privacy Policies; (iii) taken commercially reasonable steps to protect and maintain the confidential
nature of Personal Data provided to Giga, its Subsidiaries or any of their respective Affiliates in accordance with its applicable Privacy
Policies; (iv) has not discovered any unauthorized or improper access to or use or disclosure of Personal Data or other Confidential Information
to any unauthorized or improper third party; and (v) no threatened or actual breach of Personal Data by or against the Giga or any of
its Subsidiaries.

 

Section
3.23  Waiver of Severance. Each executive officer and employee of Giga listed on Schedule 3.23 shall have waived
any right to, or modified any agreement providing for severance, to eliminate the right to payments of any severance arising solely as
a result of a change in position or responsibilities during the 12 months immediately following the change of control of Giga at the Closing
as contemplated by this Agreement.

 

Section
3.24  No Other Representations and Warranties. Except for the representations and warranties of Giga expressly set
forth in this Agreement or in a certificate delivered pursuant to this Agreement, none of Giga nor any other Person on behalf of Giga
has made or makes any other express or implied representation or warranty, either written or oral, with respect to Giga or any of its
Subsidiaries or with respect to any other information provided to BitNile or any of their respective Representatives, including, but not
limited to, its business, operations, assets, liabilities, conditions (financial or otherwise) or prospects, in connection with the transactions
contemplated by this Agreement.

 

    	 	 	 

    	 

    

 

Section
3.25  Non-Reliance.  Giga acknowledges that the representations and warranties of (a) GWW set forth in Article IV,
and (b) BitNile set forth in Article V, constitute the sole and exclusive representations and warranties of GWW and BitNile, as applicable,
to Giga in connection with the transactions contemplated hereby, and Giga further acknowledges and agrees that neither GWW, BitNile, nor
any of their respective Representatives, are making any representation or warranty whatsoever, express or implied, beyond those expressly
given in this Agreement. Giga further acknowledges and agrees that any estimates, budgets, projections, forecasts or other predictions
that may have been provided to Giga or any of its Representatives are not representations or warranties of GWW or BitNile or guarantees
of performance and that actual results may vary substantially from any such estimates, budgets, projections, forecasts or other predictions.
None of Giga, its Affiliates, Subsidiaries, nor any of their respective Representatives are relying on any representation or warranty
of GWW, BitNile or any of their respective Representatives except for those expressly set forth in this Agreement or in a certificate
delivered pursuant to this Agreement. Notwithstanding anything to the contrary in this Agreement, nothing herein is intended to or shall
limit or otherwise restrict any claim by or right of Giga with respect to or arising from any intentional misrepresentation or reckless
or intentional fraud.

 

ARTICLE IV

Representations and Warranties OF GWW

 

GWW hereby represents and
warrants to Giga that the following representations and warranties are true and correct as of the Effective Date and the Closing Date:

 

Section 4.01  Organization;
Standing and Power; Charter Documents; Subsidiaries.

 

(a)       Organization;
Standing and Power. GWW and each of its Subsidiaries is a corporation, limited liability company, or other legal entity duly organized,
validly existing, and in good standing (to the extent that the concept of “good standing” is applicable in the case of any
jurisdiction outside the United States) under the Laws of its jurisdiction of organization, and has the requisite corporate, limited liability
company, or other organizational, as applicable, power and authority to own, lease, and operate its assets and to carry on its business
as now conducted. Each of GWW and its Subsidiaries is duly qualified or licensed to do business as a foreign corporation, limited liability
company, or other legal entity and is in good standing (to the extent that the concept of “good standing” is applicable in
the case of any jurisdiction outside the United States) in each jurisdiction where the character of the assets and properties owned, leased,
or operated by it or the nature of its business makes such qualification or license necessary, except where the failure to be so qualified
or licensed or to be in good standing, would not reasonably be expected to have, individually or in the aggregate, a GWW Material Adverse
Effect. 

 

    	 	 	 

    	 

    

 

(b)       Charter
Documents. The copies of the Certificate of Incorporation and By-Laws of GWW as provided to Giga are true, correct, and complete copies
of such documents as in effect as of the Effective Date. GWW is not in violation of any of the provisions of its Charter Documents.

 

(c)       Subsidiaries.
All of the outstanding shares of capital stock of, or other equity or voting interests in, each Subsidiary of GWW have been validly issued
and are free of pre-emptive rights, are fully paid and non-assessable, and are free and clear of all Liens, including any restriction
on the right to vote, sell, or otherwise dispose of such capital stock or other equity or voting interests, except for any Liens: (i)
imposed by applicable securities Laws; or (ii) arising pursuant to the Charter Documents of any non-wholly-owned Subsidiary of GWW. Except
for the capital stock of, or other equity or voting interests in, its Subsidiaries, GWW does not own, directly or indirectly, any capital
stock of, or other equity or voting interests in, any Person. GWW’s ownership of its Subsidiaries is listed on Schedule 4.01(c).

 

Section
4.02  Capital Structure.

 

(a)       Capital
Stock. The authorized capital stock of GWW is listed on Schedule 4.02(a), is duly authorized, validly issued, fully paid, and
non-assessable, and not subject to any pre-emptive rights. BitNile is the sole record and beneficial owner of the outstanding capital
stock of GWW. No Subsidiary of GWW owns any shares of GWW capital stock.

 

(b)       Stock
Awards.

 

(i)       As
of the Effective Date, 100,000 shares of GWW Common Stock were reserved for issuance pursuant to outstanding GWW Stock Options and 50,000
shares of GWW Restricted Shares were issued and outstanding, all of which were issued pursuant to GWW’s Stock Incentive Plan. Since
the Effective Date, no GWW Equity Awards have been granted and no additional shares of GWW Common Stock have become subject to issuance
under the GWW Stock Plans. All shares of GWW Common Stock subject to issuance under the GWW Stock Plans, including the GWW Equity Awards
upon issuance in accordance with the terms and conditions specified in the instruments pursuant to which they are issuable, will be duly
authorized, validly issued, fully paid, and non-assessable.

 

(ii)       Other
than the GWW Equity Awards, as of the Effective Date, there are no outstanding (A) securities of GWW or any of its Subsidiaries convertible
into or exchangeable for GWW Voting Debt or shares of capital stock of GWW, (B) options, warrants, or other agreements or commitments
to acquire from GWW or any of its Subsidiaries, or obligations of GWW or any of its Subsidiaries to issue, any GWW Voting Debt or shares
of capital stock of (or securities convertible into or exchangeable for shares of capital stock of) GWW, or (C) restricted shares, restricted
stock units, stock appreciation rights, performance shares, profit participation rights, contingent value rights, “phantom”
stock, or similar securities or rights that are derivative of, or provide economic benefits based, directly or indirectly, on the value
or price of, any shares of capital stock of GWW, in each case that have been issued by GWW or its Subsidiaries (the items in clauses (A),
(B), and (C), together with the capital stock of GWW, being referred to collectively as “GWW Securities”). All outstanding
shares of GWW Common Stock, all outstanding GWW Equity Awards, and all outstanding shares of capital stock, voting securities, or other
ownership interests in any Subsidiary of GWW, have been issued or granted, as applicable, in compliance in all material respects with
all applicable securities Laws.

 

    	 	 	 

    	 

    

 

(iii)       As
of the Effective Date, there are no outstanding Contracts requiring GWW or any of its Subsidiaries to repurchase, redeem, or otherwise
acquire any GWW Securities or GWW Subsidiary Securities. Neither GWW nor any of its Subsidiaries is a party to any voting agreement with
respect to any GWW Securities or GWW Subsidiary Securities.

 

(c)       Voting
Debt. No bonds, debentures, notes, or other indebtedness issued by GWW or any of its Subsidiaries: (i) having the right to vote on
any matters on which stockholders or equityholders of GWW or any of its Subsidiaries may vote (or which is convertible into, or exchangeable
for, securities having such right); or (ii) the value of which is directly based upon or derived from the capital stock, voting securities,
or other ownership interests of GWW or any of its Subsidiaries, are issued or outstanding (collectively, “GWW Voting Debt”).

 

(d)       GWW
Subsidiary Securities. Except as reflected on Schedule 4.02(d), as of the Effective Date, there are no outstanding: (i) securities
of GWW or any of its Subsidiaries convertible into or exchangeable for GWW Voting Debt, capital stock, voting securities, or other ownership
interests in any Subsidiary of GWW; (ii) options, warrants, or other agreements or commitments to acquire from GWW or any of its Subsidiaries,
or obligations of GWW or any of its Subsidiaries to issue, any GWW Voting Debt, capital stock, voting securities, or other ownership interests
in (or securities convertible into or exchangeable for capital stock, voting securities, or other ownership interests in) any Subsidiary
of GWW; or (iii) restricted shares, restricted stock units, stock appreciation rights, performance shares, profit participation rights,
contingent value rights, “phantom” stock, or similar securities or rights that are derivative of, or provide economic benefits
based, directly or indirectly, on the value or price of, any capital stock or voting securities of, or other ownership interests in, any
Subsidiary of GWW, in each case that have been issued by a Subsidiary of GWW (the items in clauses (i), (ii), and (iii), together with
the capital stock, voting securities, or other ownership interests of such Subsidiaries, being referred to collectively as “GWW
Subsidiary Securities”).

 

Section
4.03  Authority; Non-Contravention; Governmental Consents; Board Approval. 

 

(a)       Authority.
GWW has all requisite corporate power and authority to enter into and to perform its obligations under this Agreement and to consummate
the transactions contemplated by this Agreement. The execution and delivery of this Agreement by GWW and the consummation by GWW of the
transactions contemplated by this Agreement have been duly authorized by all necessary corporate action on the part of GWW and no other
corporate proceedings on the part of GWW are necessary to authorize the execution and delivery of this Agreement or to consummate the
other transactions contemplated by this Agreement. This Agreement has been duly executed and delivered by GWW and, assuming due execution
and delivery by BitNile and Giga, constitutes the legal, valid, and binding obligation of GWW, enforceable against GWW in accordance with
its terms, except as such enforceability may be limited by bankruptcy, insolvency, moratorium, and other similar Laws affecting creditors’
rights generally and by general principles of equity.

 

    	 	 	 

    	 

    

 

(b)       Non-Contravention.
The execution, delivery, and performance of this Agreement by GWW and the consummation by GWW of the transactions contemplated by this
Agreement, do not and will not: (i) contravene or conflict with, or result in any violation or breach of, the Charter Documents of GWW;
(ii) assuming that all of the Consents contemplated by Section 4.03(c) have been obtained or made, conflict with or violate any Law applicable
to GWW or any of its respective properties or assets; (iii) result in any breach of or constitute a default (or an event that with notice
or lapse of time or both would become a default) under, result in GWW’s or any of its Subsidiaries’ loss of any benefit or
the imposition of any additional payment or other liability under, or alter the rights or obligations of any third party under, or give
to any third party any rights of termination, amendment, acceleration, or cancellation, or require any Consent under, any Contract to
which GWW or any of its Subsidiaries is a party or otherwise bound as of the Effective Date; or (iv) result in the creation of a Lien
(other than Permitted Liens) on any of the capital stock, properties or assets of GWW or any of its Subsidiaries, except, in the case
of each of clauses (ii), (iii), and (iv), for any conflicts, violations, breaches, defaults, loss of benefits, additional payments or
other liabilities, alterations, terminations, amendments, accelerations, cancellations, or Liens that, or where the failure to obtain
any Consents, in each case, would not reasonably be expected to have, individually or in the aggregate, a GWW Material Adverse Effect.

 

(c)       Governmental
Consents. No Consent of any Governmental Authority is required to be obtained or made by GWW in connection with the execution, delivery,
and performance by GWW of this Agreement and the other transactions contemplated hereby, except for such Consents which if not obtained
or made would not reasonably be expected to have, individually or in the aggregate, a GWW Material Adverse Effect.

 

(d)       GWW
Board Approval. The GWW Board, by resolutions duly adopted by the GWW Board at a meeting of all directors of GWW duly called and held,
which resolutions have not been subsequently rescinded or modified in any way, has approved this Agreement and the transactions contemplated
hereby.

 

Section
4.04  Financial Statements; Inventories; Undisclosed Liabilities; Off-Balance Sheet Arrangements.

 

(a)       Financial
Statements and Information. (i) GWW has previously provided to Giga complete and correct copies of (A) its unaudited consolidated
balance sheet and unaudited consolidated statement of income as of and for the year ended December 31, 2020; and (B) its unaudited consolidated
balance sheet and unaudited consolidated statement of income as of and for the nine (9) month period ended September 30, 2021, all without
notes to such financial information; and (ii) it will provide Giga when available, and prior to the Closing (A) its consolidated audited
financial statements (including any related notes and schedules thereto and the signed, unqualified opinion of Marcum LLP, its independent
auditor) for the years ended December 31, 2020 and 2019 (the “GWW 2020 Audited Financial Statements”) and (B) the unaudited
interim consolidated balance sheets and statements of income (in each case, without any related notes and schedules) for each of the quarterly
and annual periods ended thereafter (all of the foregoing audited and unaudited financial statements and information referred to collectively
as the “GWW Financial Statements”). Each of the GWW Financial Statements (including, in each case, any notes and schedules
thereto): (i) was (or, in the case of the GWW 2020 Audited Financial Statements and the unaudited interim consolidated balance sheets
and statements of income to be delivered hereunder, will be) prepared in accordance with GAAP or IFRS, as applicable, applied on a consistent
basis throughout the periods involved (except as may be indicated in the notes thereto); and (ii) fairly presented (or, in the case of
the GWW 2020 Audited Financial Statements. unaudited interim consolidated balance sheets and statements of income to be delivered hereunder,
will fairly present) in all material respects the consolidated financial position and the results of operations, changes in stockholders’
equity, and cash flows of GWW and its consolidated Subsidiaries as of the respective dates of and for the periods referred to in such
financial statements, subject, in the case of unaudited interim financial statements, to normal and year-end audit adjustments (but only
if the effect of such adjustments would not, individually or in the aggregate, be material). The GWW 2020 Audited Financial Statements
will not differ materially from GWW’s unaudited consolidated balance sheet and unaudited consolidated statement of income as of
and for the year ended December 31, 2020 previously provided to Giga, except that the GWW 2020 Audited Financial Statements will contain
notes as required by GAAP.

 

    	 	 	 

    	 

    

 

(b)       Inventories.
The inventories and raw materials of GWW, including those reflected in the GWW Financial Statements, are of a quantity and quality usable
and saleable in the ordinary course of business within a reasonable period of time and without discount outside of the ordinary course
of business, are merchantable and fit and sufficient for their particular purpose, are not slow moving or obsolete based on GWW’s
accounting policies and practices and are reasonable in kind and amount in light of the normal needs of GWW. To the Knowledge of GWW,
COVID-19 and COVID-19 Measures do not prevent GWW from maintaining an adequate quantity of inventory and raw materials, including as a
result of any disruption in supply chains affecting GWW’s supply of inventory and raw materials. None of the inventory of GWW is
subject to any consignment, bailment, warehousing or similar contract.

 

(c)       Undisclosed
Liabilities. The audited balance sheet of GWW dated as of December 31, 2020 previously provided to Giga and the balance sheet of GWW
as reflected in the GWW 2021 Audited Financial States which will be delivered to Giga are hereinafter collectively referred to as the
“GWW Balance Sheet.” Neither GWW nor any of its Subsidiaries has any Liabilities other than Liabilities that: (i) are
reflected or reserved against in the GWW Balance Sheet (including in the notes thereto); (ii) were incurred since the date of the GWW
Balance Sheet in the ordinary course of business consistent with past practice; (iii) are incurred in connection with the transactions
contemplated by this Agreement; or (iv) would not reasonably be expected to have, individually or in the aggregate, a GWW Material Adverse
Effect.

 

(d)       Off-Balance
Sheet Arrangements. Neither GWW nor any of its Subsidiaries is a party to, or has any commitment to become a party to any joint venture,
off-balance sheet partnership, or any similar Contract or arrangement (including any Contract or arrangement relating to any transaction
or relationship between or among GWW or any of its Subsidiaries, on the one hand, and any other Person, including any structured finance,
special purpose, or limited purpose Person, on the other hand).

 

    	 	 	 

    	 

    

 

(e)       Accounting;
Complaints or Reports. Since January 1, 2021 (i) none of GWW or any of its Subsidiaries nor any director or officer of GWW or any
of its Subsidiaries has received any oral or written complaint, allegation, assertion, or claim regarding the financial accounting, internal
accounting controls, or auditing practices, procedures, methodologies, or methods of GWW or any of its Subsidiaries or any oral or written
complaint, allegation, assertion, or claim from employees of GWW or any of its Subsidiaries regarding questionable financial accounting
or auditing matters with respect to GWW or any of its Subsidiaries; and (ii) no attorney representing GWW or any of its Subsidiaries,
whether or not employed by GWW or any of its Subsidiaries, has reported credible evidence of any material breach of fiduciary duty, or
similar material violation by GWW, any of its Subsidiaries, or any of their respective officers, directors, employees, or agents to the
GWW Board or any committee thereof, or to the chief executive officer or chief operating officer of GWW or the Confirming Officer.

 

(f)       Sufficiency
of Assets. The rights, properties and assets of GWW and its Subsidiaries are, and as of the Closing will be, sufficient for the conduct
of their respective business as presently conducted in all material respects. Except as set forth on Schedule 4.04(f), (i) no part
of the business of GWW or its Subsidiaries is owned or operated through any Person other than GWW and its Subsidiaries, (ii) no Person
other than GWW and its Subsidiaries, uses or holds for use any of the assets, rights and properties (whether tangible or intangible) used
exclusively or primarily in the business of GWW and its Subsidiaries and (iii) the rights, properties and assets of GWW and its Subsidiaries
are, in all material respects, sufficient for the continued conduct by them of their respective businesses and constitute all of the rights,
properties and assets necessary to conduct its business as currently conducted in all material respects.

 

Section
4.05  Absence of Certain Changes or Events. Since the date of
the GWW Balance Sheet, except in connection with the execution and delivery of this Agreement and the consummation of the transactions
contemplated hereby, the business of GWW and each of its Subsidiaries has been conducted in the ordinary course of business consistent
with past practice and there has not been or occurred:

 

(a)       any
GWW Material Adverse Effect or any event, condition, change, or effect that could reasonably be expected to have, individually or in the
aggregate, a GWW Material Adverse Effect; or

 

(b)       any
event, condition, action, or effect that, if taken during the period from the Effective Date through the Closing, would constitute a breach
of Section 6.03.

 

    	 	 	 

    	 

    

 

Section
4.06  Taxes.  

 

(a)       Tax
Returns and Payment of Taxes. GWW and each of its Subsidiaries has duly and timely filed or caused to be filed (taking into account
any valid extensions) all material Tax Returns required to be filed by it. For avoidance of doubt, GWW does not file individual Tax Returns
(notwithstanding references in this Section 4.06) since it is included in Tax Returns filed by BitNile while its Subsidiaries do file
such Tax Returns. Such Tax Returns are true, complete, and correct in all material respects. Neither GWW nor any of its Subsidiaries is
currently the beneficiary of any extension of time within which to file any Tax Return other than extensions of time to file Tax Returns
obtained in the ordinary course of business consistent with past practice. All material Taxes due and owing by GWW or any of its Subsidiaries
(whether or not shown on any Tax Return) have been timely paid or, where payment is not yet due, GWW has made an adequate provision for
such Taxes in the GWW’s financial statements. The GWW Financial Statements reflect an adequate reserve (in accordance with GAAPW
or IFRS, as applicable) for all material Taxes payable by GWW and its Subsidiaries through the date of such GWW Financial Statements.
Neither GWW nor any of its Subsidiaries has incurred any material Liability for Taxes since the date of the most recent GWW Financial
Statements outside of the ordinary course of business or otherwise inconsistent with past practice.

 

(b)       Availability
of Tax Returns. GWW has made available to Giga complete and accurate copies of all federal, state, local, and foreign income, franchise,
and other material Tax Returns filed by or on behalf of GWW or its Subsidiaries for any Tax period ending after the day of its fiscal
year ending in 2017.

 

(c)       Withholding.
GWW and each of its Subsidiaries has withheld and timely paid each material Tax required to have been withheld and paid by it in connection
with amounts paid or owing to any GWW Employee, creditor, customer, stockholder, or other party (including, without limitation, withholding
of Taxes pursuant to Sections 1441 and 1442 of the Code or similar provisions under any state, local, and foreign Laws), and materially
complied with all information reporting and backup withholding provisions of applicable Law.

 

(d)       Liens.
There are no Liens for material Taxes upon the assets of GWW or any of its Subsidiaries other than for current Taxes not yet delinquent
or for Taxes that are being contested in good faith by appropriate proceedings and for which adequate reserves in accordance with GAAP
or IFRS, as applicable, has been made in the recent GWW Financial Statements.

 

(e)       Tax
Deficiencies and Audits. No deficiency for any material amount of Taxes which has been proposed, asserted, or assessed in writing
by any Taxing authority against GWW or any of its Subsidiaries remains unpaid. There are no waivers or extensions of any statute of limitations
currently in effect with respect to Taxes of GWW or any of its Subsidiaries. There are no audits, suits, proceedings, investigations,
claims, examinations, or other administrative or judicial proceedings ongoing or pending with respect to any material Taxes of GWW or
any of its Subsidiaries.

 

(f)       Tax
Jurisdictions. No claim has ever been made in writing by any Taxing authority in a jurisdiction where GWW or any of its Subsidiaries
does not file Tax Returns that GWW or such Subsidiary is or may be subject to Tax in that jurisdiction, excluding any claims that have
been resolved to the satisfaction of Taxing authorities. 

 

    	 	 	 

    	 

    

 

(g)       Tax
Rulings. Neither GWW nor any of its Subsidiaries has requested or is the subject of or bound by any private letter ruling, technical
advice memorandum, or similar ruling or memorandum with any Taxing authority with respect to any material Taxes, nor is any such request
outstanding.

 

(h)       Consolidated
Groups, Transferee Liability, and Tax Agreements. Except a disclosed in Section 4.06(a), neither GWW nor any of its Subsidiaries:
(i) has been a member of a group filing Tax Returns on a consolidated, combined, unitary, or similar basis (other than a group of which
BitNile is the common parent); (ii) has any material liability for Taxes of any Person (other than Giga or any of its Subsidiaries) under
Treasury Regulation Section 1.1502-6 (or any comparable provision of local, state, or foreign Law), as a transferee or successor, by Contract,
or otherwise; or (iii) is a party to, bound by or has any material liability under any Tax sharing, allocation, or indemnification agreement
or arrangement (other than customary Tax indemnifications contained in credit or other commercial agreements the primary purpose of which
agreements does not relate to Taxes).

 

(i)       Change
in Accounting Method. Neither GWW nor any of its Subsidiaries has agreed to make, nor is it required to make, any material adjustment
under Section 481(a) of the Code or any comparable provision of state, local, or foreign Tax Laws by reason of a change in accounting
method or otherwise.

 

(j)       Post-Closing
Tax Items. Neither GWW nor any of its Subsidiaries will be required to include any material item of income in, or exclude any material
item of deduction from, taxable income for any taxable period (or portion thereof) ending after the Closing Date as a result of any: (i)
“closing agreement” as described in Section 7121 of the Code (or any corresponding or similar provision of state, local or
foreign income Tax Law) executed on or prior to the Closing Date; (ii) installment sale or open transaction disposition made on or prior
to the Closing Date; (iii) prepaid amount received on or prior to the Closing Date; (iv) any income under Section 965(a) of the Code,
including as a result of any election under Section 965(h) of the Code with respect thereto; or (v) election under Section 108(i) of the
Code.

 

(k)       Ownership
Changes. Without regard to this Agreement, neither GWW nor any of its Subsidiaries has undergone an “ownership change”
within the meaning of Section 382 of the Code.

 

(l)       Section
355. Neither GWW nor any of its Subsidiaries has been a “distributing corporation” or a “controlled corporation”
in connection with a distribution described in Section 355 of the Code.

 

(m)       Reportable
Transactions. Neither GWW nor any of its Subsidiaries has been a party to, or a material advisor with respect to, a “reportable
transaction” within the meaning of Section 6707A(c)(1) of the Code and Treasury Regulations Section
1.6011-4(b).

 

    	 		 

    	 

    

 

Section
4.07  GWW Intellectual Property. 

 

(a)       Schedule
4.07(a) lists all of (i) the GWW IP Registrations and (ii) the GWW Intellectual Property that are not registered but that are material
to GWW’s business or operations. All required filings and fees related to the GWW IP Registrations have been timely filed with and
paid to the relevant Governmental Authorities and authorized registrars, and all the GWW’s IP Registrations are otherwise in good
standing. GWW has provided or made available to Giga true and complete copies of file histories, documents, certificates, office actions,
correspondence and other materials related to all the GWW’s IP Registrations.

 

(b)       Schedule
4.07(b) lists all of the GWW IP Agreements, excluding off-the-shelf licenses or software as a service agreements for commercially
available software provided at a cost of less than $15,000 per year. GWW has provided or otherwise made available to Giga true and complete
copies of all such Giga IP Agreements, including all modifications, amendments and supplements thereto and waivers thereunder. Each GWW
IP Agreement is valid and binding on GWW or its Subsidiaries, as applicable, in accordance with its terms and is in full force and effect.
Neither GWW (or its Subsidiaries, as applicable), nor, to the Knowledge of GWW, any other party thereto is in breach of or default under
(or, to the Knowledge of GWW, is alleged to be in breach of or default under), or has provided or received any notice of breach or default
of or any intention to terminate, any GWW IP Agreement.

 

(c)       Except
as set forth on Schedule 4.07(c), GWW or a Subsidiary of GWW is the sole and exclusive legal and beneficial, and with respect
to the GWW IP Registrations, record, owner of all right, title and interest in and to the GWW Intellectual Property, and, to the Knowledge
of GWW, has the valid right to use all other Intellectual Property used in or necessary for the conduct of GWW’s current business
or operations, in each case, free and clear of Encumbrances other than Permitted Encumbrances. Without limiting the generality of the
foregoing, GWW has entered into binding, written agreements with every current and former employee, and with every current and former
independent contractor, whereby such employees and independent contractors (i) assign to GWW any ownership interest and right they may
have in the GWW Intellectual Property; and (ii) acknowledge GWW’s exclusive ownership of all of the GWW Intellectual Property, except
for any non-compliance which would not reasonably be deemed to have a GWW Material Adverse Effect. GWW has provided Giga with true and
complete copies of all such agreements to the extent requested by Giga.

 

(d)       The
consummation of the Share Exchange and the transactions contemplated by this Agreement will not result in the loss or impairment of or
payment of any additional amounts with respect to, nor require the consent of any other Person in respect of, GWW’s or its Subsidiaries’
right to own, use or hold for use any Intellectual Property as owned, used or held for use in the conduct of GWW’s business or operations
as currently conducted.

 

(e)       GWW’s
and/or its Subsidiaries’ rights in the GWW Intellectual Property are valid, subsisting and enforceable. GWW has taken reasonable
steps to maintain the GWW Intellectual Property and to protect and preserve the confidentiality of all trade secrets included in the GWW
Intellectual Property, including requiring all Persons having access thereto to execute written non-disclosure agreements.

 

(f)       To
the Knowledge of GWW, the conduct of GWW’s business as currently and formerly conducted, and the products, processes and services
of GWW, have not infringed, misappropriated, diluted or otherwise violated, and to the Knowledge of GWW
do not and will not infringe, dilute, misappropriate or otherwise violate the Intellectual Property or other rights of any Person.
To the Knowledge of GWW, no Person has infringed, misappropriated, diluted or otherwise violated, or is currently infringing, misappropriating,
diluting or otherwise violating, any GWW Intellectual Property.

 

    	 		 

    	 

    

 

(g)       There
are no Legal Proceedings (including any oppositions, interferences or re-examinations) settled, pending or, to the Knowledge of GWW, threatened
(including in the form of offers to obtain a license): (i) alleging any infringement, misappropriation, dilution or violation of the Intellectual
Property of any Person by GWW or any of its Subsidiaries; (ii) challenging the validity, enforceability, registrability or ownership of
any GWW Intellectual Property or GWW’s and/or its Subsidiaries’ rights with respect to any GWW Intellectual Property; or (iii)
by GWW or any other Person alleging any infringement, misappropriation, dilution or violation by any Person of the GWW Intellectual Property.
GWW is not subject to any outstanding or prospective Order (including any motion or petition therefor) that does or would restrict or
impair the use of any GWW Intellectual Property.

 

Section
4.08  Compliance; Permits.

 

(a)       Compliance.
Except as reflected on Schedule 4.08, GWW and each of its Subsidiaries are and, since June 1, 2019, have been, in compliance with,
all Laws or Orders applicable to GWW or any of its Subsidiaries or by which GWW or any of its Subsidiaries or any of their respective
businesses or properties is bound, except for such non-compliance that would not reasonably be expected to have, individually or in the
aggregate, a GWW Material Adverse Effect. Since June 1, 2019, no Governmental Authority has issued any notice or notification stating
that GWW or any of its Subsidiaries is not in compliance with any Law, except where such non-compliance would not reasonably be expected
to have, individually or in the aggregate, a GWW Material Adverse Effect.

 

(b)       Permits.
GWW and its Subsidiaries hold, to the extent necessary to operate their respective businesses as such businesses are being operated as
of the Effective Date, all Permits except for any Permits for which the failure to obtain or hold would not reasonably be expected to
have, individually or in the aggregate, a GWW Material Adverse Effect. No suspension, cancellation, non-renewal, or adverse modifications
of any Permits of GWW or any of its Subsidiaries is pending or, to the Knowledge of GWW, threatened, except for any such suspension or
cancellation which would not reasonably be expected to have, individually or in the aggregate, a GWW Material Adverse Effect. GWW and
each of its Subsidiaries is and, since June 1, 2019, has been in compliance with the terms of all Permits, except where the failure to
be in such compliance would not reasonably be expected to have, individually or in the aggregate, a GWW Material Adverse Effect.

 

Section
4.09  Litigation. There is no Legal Proceeding pending, or to
the Knowledge of GWW, threatened against GWW or any of its Subsidiaries or any of their respective properties or assets or, to the Knowledge
of GWW, any officer or director of GWW or any of its Subsidiaries in their capacities as such other than any such Legal Proceeding that:
(a) does not involve an amount in controversy in excess of $50,000; and (b) does not seek material injunctive or other material non-monetary
relief. None of GWW or any of its Subsidiaries or any of their respective properties or assets is subject to any Order of a Governmental
Authority or arbitrator, whether temporary, preliminary, or permanent, which would reasonably be expected to have, individually or in
the aggregate, a GWW Material Adverse Effect.

 

    	 		 

    	 

    

 

Section
4.10  Brokers’ and Finders’ Fees. Neither GWW, nor
any of its Affiliates or Subsidiaries has incurred, nor will it incur, directly or indirectly, any liability for investment banker, brokerage,
or finders’ fees or agents’ commissions or any similar charges in connection with this Agreement or any transaction contemplated
hereby for which Giga would be liable.

 

Section
4.11  Related Person Transactions. Except as reflected on Schedule 4.11, there are, and since June 1, 2019, there
have been, no Contracts, transactions, arrangements, or understandings between GWW or any of its Subsidiaries, on the one hand, and any
Affiliate (including any director, officer, or employee or any of their respective family members) thereof or any holder of 5% or more
of the shares of GWW Common Stock (or any of their respective family members), but not including any wholly-owned Subsidiary of GWW, on
the other hand, that would be required to be disclosed pursuant to Item 404 of Regulation S-K promulgated by the SEC.

 

Section
4.12  Employee Benefit Issues.  

 

(a)       Schedule.
Schedule 4.12(a) contains a true and complete list, as of the Effective Date, of each plan, program, policy, agreement, collective
bargaining agreement, or other arrangement providing for compensation, severance, deferred compensation, performance awards, stock or
stock-based awards, health, dental, retirement, life insurance, death, accidental death & dismemberment, disability, fringe, or wellness
benefits, or other employee benefits or remuneration of any kind, including each employment, termination, severance, retention, change
in control, or consulting or independent contractor plan, program, arrangement, or agreement, in each case whether written or unwritten
or otherwise, funded or unfunded, insured or self-insured, including each “employee benefit plan,” within the meaning of Section
3(3) of ERISA, whether or not subject to ERISA, which is or has been sponsored, maintained, contributed to, or required to be contributed
to, by GWW or any of its Subsidiaries for the benefit of any current or former employee, independent contractor, consultant, or director
of GWW or any of its Subsidiaries (each, a “GWW Employee”), or with respect to which GWW or any GWW ERISA Affiliate
has or may have any Liability (collectively, the “GWW Employee Plans”).

 

(b)       Documents.
GWW has made available to Giga correct and complete copies (or, if a plan or arrangement is not written, a written description) of all
GWW Employee Plans and amendments thereto, and, to the extent applicable: (i) all related trust agreements, funding arrangements, insurance
contracts, and service provider agreements now in effect or required in the future as a result of the transactions contemplated by this
Agreement or otherwise; (ii) the most recent determination letter received regarding the tax-qualified status of each GWW Employee Plan;
(iii) the most recent financial statements for each GWW Employee Plan; (iv) the Form 5500 Annual Returns/Reports and Schedules for the
most recent plan year for each GWW Employee Plan; (v) the current summary plan description and any related summary of material modifications
and, if applicable, summary of benefits and coverage, for each GWW Employee Plan; and (vi) all actuarial valuation reports related to
any GWW Employee Plans.

 

    	 		 

    	 

    

 

(c)       Employee
Plan Compliance. (i) Each GWW Employee Plan has been established, administered, and maintained in all material respects in accordance
with its terms and in material compliance with applicable Laws, including but not limited to ERISA and the Code; (ii) all the GWW Employee
Plans that are intended to be qualified under Section 401(a) of the Code are so qualified and have received timely determination letters
from the IRS and no such determination letter has been revoked nor, to the Knowledge of GWW, has any such revocation been threatened,
or with respect to a prototype plan, can rely on an opinion letter from the IRS to the prototype plan sponsor, to the effect that such
qualified retirement plan and the related trust are exempt from federal income Taxes under Sections 401(a) and 501(a), respectively, of
the Code, and to the Knowledge of GWW no circumstance exists that is likely to result in the loss of such qualified status under Section
401(a) of the Code; (iii) GWW and its Subsidiaries, where applicable, have timely made all contributions, benefits, premiums, and other
payments required by and due under the terms of each GWW Employee Plan and applicable Law and accounting principles, and all benefits
accrued under any unfunded GWW Employee Plan have been paid, accrued, or otherwise adequately reserved to the extent required by, and
in accordance with GAAP or IFRS, as applicable; (iv) except to the extent limited by applicable Law, each GWW Employee Plan can be amended,
terminated, or otherwise discontinued after the Closing in accordance with its terms, without material liability to BitNile, GWW, or any
of its Subsidiaries (other than ordinary administration expenses and in respect of accrued benefits thereunder); (v) there are no investigations,
audits, inquiries, enforcement actions, or Legal Proceedings pending or, to the Knowledge of GWW, threatened by the IRS, U.S. Department
of Labor, Health and Human Services, Equal Employment Opportunity Commission, or any similar Governmental Authority with respect to any
GWW Employee Plan; (vi) there are no material Legal Proceedings pending, or, to the Knowledge of GWW, threatened with respect to any GWW
Employee Plan (in each case, other than routine claims for benefits); (vii) to the Knowledge of GWW, neither GWW nor any of its GWW ERISA
Affiliates has engaged in a transaction that could subject GWW or any GWW ERISA Affiliate to a Tax or penalty imposed by either Section
4975 of the Code or Section 502(i) of ERISA; and (viii) all non-US GWW Employee Plans that are intended to be funded or book-reserved
are funded or book-reserved, as appropriate, based on reasonable actuarial assumptions.

 

(d)       Plan
Liabilities. Neither GWW nor any GWW ERISA Affiliate has: (i) incurred or reasonably expects to incur, either directly or indirectly,
any liability under Title I or Title IV of ERISA, or related provisions of the Code or foreign Law relating to any GWW Employee Plan and
nothing has occurred that could reasonably be expected to constitute grounds under Title IV of ERISA to terminate, or appoint a trustee
to administer, any GWW Employee Plan; (ii) except for payments of premiums to the PBGC which have been timely paid in full, not incurred
any liability to the PBGC in connection with any GWW Employee Plan covering any active, retired, or former employees or directors of GWW
or any GWW ERISA Affiliate, including, without limitation, any liability under Sections 4069 or 4212(c) of ERISA or any penalty imposed
under Section 4071 of ERISA, or ceased operations at any facility, or withdrawn from any such GWW Employee Plan in a manner that could
subject it to liability under Sections 4062, 4063 or 4064 of ERISA; (iii) failed to satisfy the health plan compliance requirements under
the Affordable Care Act, including the employer mandate under Section 4980H of the Code and related information reporting requirements;
(iv) failed to comply with Section 601 through 608 of ERISA and Section 4980B of the Code, regarding the health plan continuation coverage
requirements under COBRA; (v) failed to comply with the privacy, security, and breach notification requirements under HIPAA; or (vi) incurred
any withdrawal liability (including any contingent or secondary withdrawal liability) within the meaning of Sections 4201 or 4204 of ERISA
to any multiemployer plan and nothing has occurred that presents a material risk of the occurrence of any withdrawal from or the partition,
termination, reorganization, or insolvency of any such multiemployer plan which could result in any liability of GWW or any GWW ERISA
Affiliate to any such multiemployer plan. No complete or partial termination of any GWW Employee Plan has occurred or is expected to occur.

 

    	 		 

    	 

    

 

(e)       Certain
GWW Employee Plans. With respect to each GWW Employee Plan:

 

(i)       no
such plan is a “multiemployer plan” within the meaning of Section 3(37) of ERISA or a “multiple employer plan”
within the meaning of Section 413(c) of the Code and neither GWW nor any of its GWW ERISA Affiliates has now or at any time within the
previous six years contributed to, sponsored, maintained, or had any liability or obligation in respect of any such multiemployer plan
or multiple employer plan;

 

(ii)       no
Legal Proceeding has been initiated by the PBGC to terminate any such GWW Employee Plan or to appoint a trustee for any such GWW Employee
Plan;

 

(iii)       no
GWW Employee Plan is subject to the minimum funding standards of Section 302 of ERISA or Sections 412, 418(b), or 430 of the Code, and
none of the assets of GWW or any GWW ERISA Affiliate is, or may reasonably be expected to become, the subject of any lien arising under
Section 303 of ERISA or Sections 430 or 436 of the Code. Except as set forth in Schedule 4.12(e), no such plan is subject to the
minimum funding standards of Section 302 of ERISA or Sections 412, 418(b), or 430 of the Code, and no plan listed in Schedule 4.12(e)
has failed to satisfy the minimum funding standards of Section 302 of ERISA or Sections 412, 418(b), or 430 of the Code, and none of the
assets of GWW or any GWW ERISA Affiliate is, or may reasonably be expected to become, the subject of any lien arising under Section 303
of ERISA or Sections 430 or 436 of the Code; and

 

(iv)       no
“reportable event,” as defined in Section 4043 of ERISA, has occurred, or is reasonably expected to occur, with respect to
any such GWW Employee Plan.

 

(f)       No
Post-Employment Obligations. No GWW Employee Plan provides post-termination or retiree health benefits to any person for any reason,
except as may be required by COBRA or other applicable Law, and neither GWW nor any GWW ERISA Affiliate has any Liability to provide post-termination
or retiree health benefits to any person or ever represented, promised, or contracted to any GWW Employee (either individually or to GWW
Employees as a group) or any other person that such GWW Employee(s) or other person would be provided with post-termination or retiree
health benefits, except to the extent required by COBRA or other applicable Law.

 

    	 		 

    	 

    

 

(g)       Potential
Governmental or Lawsuit Liability. Other than routine claims for benefits: (i) there are no pending or, to the Knowledge of GWW, threatened
claims by or on behalf of any participant in any GWW Employee Plan, or otherwise involving any GWW Employee Plan or the assets of any
GWW Employee Plan; and (ii) no GWW Employee Plan is presently or has within the three years prior to the Effective Date, been the subject
of an examination or audit by a Governmental Authority or is the subject of an application or filing under, or is a participant in, an
amnesty, voluntary compliance, self-correction, or similar program sponsored by any Governmental Authority.

 

(h)       Section
409A Compliance. Each GWW Employee Plan that is subject to Section 409A of the Code has been operated in compliance with such section
and all applicable regulatory guidance (including, without limitation, proposed regulations, notices, rulings, and final regulations).

 

(i)       Health
Plan Compliance. Each of GWW and its Subsidiaries complies in all material respects with the applicable requirements under ERISA and
the Code, including COBRA, HIPAA, and the Affordable Care Act, and other federal requirements for employer-sponsored health plans, and
any corresponding requirements under state statutes, with respect to each GWW Employee Plan that is a group health plan within the meaning
of Section 733(a) of ERISA, Section 5000(b)(1) of the Code, or such state statute.

 

(j)       Effect
of Transaction. Neither the execution or delivery of this Agreement, the consummation of the Share Exchange, nor any of the other
transactions contemplated by this Agreement will (either alone or in combination with any other event): (i) entitle any current or former
director, employee, contractor, or consultant of GWW or any of its Subsidiaries to severance pay or any other payment; (ii) accelerate
the timing of payment, funding, or vesting, or increase the amount of compensation due to any such individual; (iii) limit or restrict
the right of GWW to merge, amend, or terminate any GWW Employee Plan; or (iv) increase the amount payable or result in any other material
obligation pursuant to any GWW Employee Plan. No amount that could be received (whether in cash or property or the vesting of any property)
as a result of the consummation of the transactions contemplated by this Agreement by any employee, director, or other service provider
of GWW under any GWW Employee Plan or otherwise would not be deductible by reason of Section 280G of the Code nor would be subject to
an excise Tax under Section 4999 of the Code.

 

(k)       Employment
Law Matters.

 

(i)       GWW
and each of its Subsidiaries: (A) is in compliance with all applicable Laws and agreements regarding hiring, employment, termination of
employment, plant closing and mass layoff, employment discrimination, harassment, retaliation, and reasonable accommodation, leaves of
absence, terms and conditions of employment, wages and hours of work, employee and independent contractor classification, employee health
and safety, use of genetic information, leasing and supply of temporary and contingent staff, engagement of independent contractors, including
proper classification of same, payroll Taxes, and immigration with respect to GWW Employees and contingent workers; and (B) is in compliance
with all applicable Laws relating to the relations between it and any labor organization, trade union, work council, or other body representing
GWW Employees, except, in the case of clauses (A) and (B) immediately above, where the failure to be in compliance with the foregoing
would not reasonably be expected to have, individually or in the aggregate, a GWW Material Adverse Effect.

 

    	 		 

    	 

    

 

(ii)       To
GWW’s knowledge since June 1, 2019, (A) no allegations of Misconduct have been made involving any current or former director, officer,
or independent contractor of GWW or any of its Subsidiaries; and (B) neither GWW nor any of its Subsidiaries have entered into any settlement
agreements related to allegations of Misconduct by any current or former director, officer, employee, or independent contractor of GWW
or any of its Subsidiaries.

 

(l)       Labor.
Neither GWW nor any of its Subsidiaries is party to, or subject to, any collective bargaining agreement or other agreement with any labor
organization, work council, or trade union with respect to any of its or their operations. No material work stoppage, slowdown, or labor
strike against GWW or any of its Subsidiaries with respect to employees who are employed within the United States is pending, threatened,
or has occurred in the last two years, and, to the Knowledge of GWW, no material work stoppage, slowdown, or labor strike against GWW
or any of its Subsidiaries with respect to employees who are employed outside the United States is pending, threatened, or has occurred
in the last two years. None of GWW Employees is represented by a labor organization, work council, or trade union and, to the Knowledge
of GWW, there is no organizing activity, Legal Proceeding, election petition, union card signing or other union activity, or union corporate
campaigns of or by any labor organization, trade union, or work council directed at GWW or any of its Subsidiaries, or any GWW Employees.
There are no Legal Proceedings, government investigations, or labor grievances pending, or, to the Knowledge of GWW, threatened relating
to any employment related matter involving any GWW Employee or applicant, including, but not limited to, charges of unlawful discrimination,
retaliation or harassment, failure to provide reasonable accommodation, denial of a leave of absence, failure to provide compensation
or benefits, unfair labor practices, or other alleged violations of Law, except for any of the foregoing which would not reasonably be
expected to have, individually or in the aggregate, a GWW Material Adverse Effect.

 

Section
4.13  Real Property and Personal Property Matters. 

 

(a)       GWW
Owned Real Estate. GWW or one or more of its Subsidiaries has good and marketable fee simple title to the GWW Owned Real Estate free
and clear of any Liens other than the Permitted Liens. Schedule 4.13(a) contains a true and complete list by address and legal
description of the GWW Owned Real Estate as of the Effective Date. Neither GWW nor any of its Subsidiaries: (i) lease or grant any Person
the right to use or occupy all or any part of the GWW Owned Real Estate; (ii) other than to BitNile, has granted any Person an option,
right of first offer, or right of first refusal to purchase such GWW Owned Real Estate or any portion thereof or interest therein; or
(iii) has received written notice of any pending, and to the Knowledge of GWW threatened, condemnation proceeding affecting any GWW Owned
Real Estate or any portion thereof or interest therein. Neither GWW nor any Subsidiary is a party to any agreement or option to purchase
any real property or interest therein.

 

    	 		 

    	 

    

 

(b)       GWW
Leased Real Estate. Schedule 4.13(b) contains a true and complete list of all Leases (including all amendments, extensions,
renewals, guaranties, and other agreements with respect thereto) as of the Effective Date for each such GWW Leased Real Estate (including
the date and name of the parties to such Lease document). GWW has delivered to Giga a true and complete copy of each such Lease. Except
as set forth on Schedule 4.13(b), with respect to each of the Leases set forth on Schedule 4.13(b): (i) such Lease is legal,
valid, binding, enforceable, and in full force and effect; (ii) neither GWW nor any of its Subsidiaries nor, to the Knowledge of GWW,
any other party to the Lease, is in breach or default under such Lease, and no event has occurred or circumstance exists which, with or
without notice, lapse of time, or both, would constitute a breach or default under such Lease; (iii) GWW’s or its Subsidiary’s
possession and quiet enjoyment of the GWW Leased Real Estate under such Lease has not been disturbed, and to the Knowledge of GWW, there
are no disputes with respect to such Lease; and (iv) there are no Liens on the estate created by such Lease other than Permitted Liens.
Neither GWW nor any of its Subsidiaries has assigned, pledged, mortgaged, hypothecated, or otherwise transferred any Lease or any interest
therein nor has GWW or any of its Subsidiaries subleased, licensed, or otherwise granted any Person (other than another wholly-owned Subsidiary
of GWW) a right to use or occupy such GWW Leased Real Estate or any portion thereof.

 

(c)       Real
Estate Used in the Business. The GWW Owned Real Estate identified in Schedule 4.13(a) and the GWW Leased Real Estate identified
in Schedule 4.13(b) comprise all of the real property used or intended to be used in, or otherwise related to, the business of
GWW or any of its Subsidiaries.

 

(d)       Personal
Property. GWW and each of its Subsidiaries are in possession of and have good and marketable title to, or valid leasehold interests
in or valid rights under contract to use, the machinery, equipment, furniture, fixtures, and other tangible personal property and assets
owned, leased, or used by GWW or any of its Subsidiaries, free and clear of all Liens other than Permitted Liens.

 

Section
4.14  Environmental Matters. Except for such matters as would not reasonably be expected to have, individually or in the
aggregate, a GWW Material Adverse Effect:

 

(a)       Compliance
with Environmental Laws. GWW and its Subsidiaries are, and have been, in compliance with all Environmental Laws, which compliance
includes the possession, maintenance of, compliance with, or application for, all Permits required under applicable Environmental Laws
for the operation of the business of GWW and its Subsidiaries as currently conducted.

 

(b)       No
Disposal, Release, or Discharge of Hazardous Substances. Neither GWW nor any of its Subsidiaries has disposed of, released, or discharged
any Hazardous Substances on, at, under, in, or from any real property currently or, to the Knowledge of GWW, formerly owned, leased, or
operated by it or any of its Subsidiaries or at any other location that is: (i) currently subject to any investigation, remediation, or
monitoring; or (ii) reasonably likely to result in liability to GWW or any of its Subsidiaries, in either case of (i) or (ii) under any
applicable Environmental Laws.

 

    	 		 

    	 

    

 

(c)       No
Production or Exposure of Hazardous Substances. Neither GWW nor any of its Subsidiaries has: (i) produced, processed, manufactured,
generated, transported, treated, handled, used, or stored any Hazardous Substances, except in compliance with Environmental Laws, at any
GWW Real Estate; or (ii) exposed any employee or any third party to any Hazardous Substances under circumstances reasonably expected to
give rise to any material Liability or obligation under any Environmental Law.

 

(d)       No
Legal Proceedings or Orders. Neither GWW nor any of its Subsidiaries has received written notice of and there is no Legal Proceeding
pending, or to the Knowledge of GWW, threatened against GWW or any of its Subsidiaries, alleging any Liability or responsibility under
or non-compliance with any Environmental Law or seeking to impose any financial responsibility for any investigation, cleanup, removal,
containment, or any other remediation or compliance under any Environmental Law. Neither GWW nor any of its Subsidiaries is subject to
any Order, settlement agreement, or other written agreement by or with any Governmental Authority or third party imposing any material
Liability or obligation with respect to any of the foregoing.

 

(e)       No
Assumption of Environmental Law Liabilities. Neither GWW nor any of its Subsidiaries has expressly assumed or retained any Liabilities
under any applicable Environmental Laws of any other Person, including in any acquisition or divestiture of any property or business.

 

Section
4.15  Material Contracts. 

 

(a)       Material
Contracts. For purposes of this Agreement, “GWW Material Contract” shall mean the following to which GWW or any
of its Subsidiaries is a party or any of the respective assets are bound (excluding any Leases in which Giga or any of its Subsidiaries
is a party):

 

(i)       any
employment or consulting Contract (in each case with respect to which GWW has continuing obligations as of the Effective Date) with any
current or former (A) officer of GWW, (B) member of the GWW Board, or (C) GWW Employee providing for an annual base salary or payment
in excess of $100,000;

 

(ii)       any
Contract providing for indemnification or any guaranty by GWW or any Subsidiary thereof, in each case that is material to GWW and its
Subsidiaries, taken as a whole, other than (A) any guaranty by GWW or a Subsidiary thereof of any of the obligations of (1) GWW or another
wholly-owned Subsidiary thereof or (2) any Subsidiary (other than a wholly-owned Subsidiary) of GWW that was entered into in the ordinary
course of business pursuant to or in connection with a customer Contract, or (B) any Contract providing for indemnification of customers
or other Persons pursuant to Contracts entered into in the ordinary course of business;

 

(iii)       any
Contract that purports to limit in any material respect the right of GWW or any of its Subsidiaries (or, at any time after the consummation
of the Share Exchange, Giga or any of its Affiliates) (A) to engage in any line of business, (B) compete with any Person or solicit any
client or customer, or (C) operate in any geographical location;

 

    	 		 

    	 

    

 

(iv)       any
Contract relating to the disposition or acquisition, directly or indirectly (by merger, sale of stock, sale of assets, or otherwise),
by GWW or any of its Subsidiaries after the Effective Date of assets or capital stock or other equity interests of any Person, in each
case with a fair market value in excess of $100,000;

 

(v)       any
Contract that grants any right of first refusal, right of first offer, or similar right with respect to any material assets, rights, or
properties of GWW or any of its Subsidiaries;

 

(vi)       any
Contract that contains any provision that requires the purchase of all or a material portion of GWW’s or any of its Subsidiaries’
requirements for a given product or service from a given third party, which product or service is material to GWW and its Subsidiaries,
taken as a whole;

 

(vii)       any
Contract that obligates GWW or any of its Subsidiaries to conduct business on an exclusive or preferential basis or that contains a “most
favored nation” or similar covenant with any third party or upon consummation of the Share Exchange will obligate Giga, GWW, or
any of their respective Subsidiaries to conduct business on an exclusive or preferential basis or that contains a “most favored
nation” or similar covenant with any third party;

 

(viii)       any
partnership, joint venture, limited liability company agreement, or similar Contract relating to the formation, creation, operation, management,
or control of any material joint venture, partnership, or limited liability company, other than any such Contract solely between GWW and
its wholly-owned Subsidiaries or among GWW’s wholly-owned Subsidiaries;

 

(ix)       any
mortgages, indentures, guarantees, loans, or credit agreements, security agreements, or other Contracts, in each case relating to indebtedness
for borrowed money, whether as borrower or lender, in each case in excess of $100,000, other than (A) accounts receivables and payables,
and (B) loans to direct or indirect wholly-owned Subsidiaries of GWW;

 

(x)       any
employee collective bargaining agreement or other Contract with any labor union;

 

(xi)       any
GWW IP Agreement, other than licenses for shrinkwrap, clickwrap, or other similar commercially available off-the-shelf software that has
not been modified or customized by a third party for GWW or any of its Subsidiaries;

 

(xii)       any
other Contract under which GWW or any of its Subsidiaries is obligated to make payment or incur costs in excess of $100,000 in any year
and which is not otherwise described in clauses (i)–(xii) above; or

 

    	 		 

    	 

    

 

(xiii)       any
Contract which is not otherwise described in clauses (i)-(xiii) above that is material to GWW and its Subsidiaries, taken as a whole.
For the purposes of this subsection (xiii) “material” means in excess of $500,000.

 

(b)       Schedule
of Material Contracts; Documents. Schedule 4.15(b) sets forth a true and complete list as of the Effective Date of all GWW
Material Contracts. GWW has made available to Giga correct and complete copies of all GWW Material Contracts, including any amendments
thereto.

 

(c)       No
Breach. (i) All GWW Material Contracts are legal, valid, and binding on GWW or its applicable Subsidiary, enforceable against it in
accordance with its terms, and is in full force and effect; (ii) neither GWW nor any of its Subsidiaries nor, to the Knowledge of GWW,
any third party has violated any provision of, or failed to perform any obligation required under the provisions of, any GWW Material
Contract; and (iii) neither GWW nor any of its Subsidiaries nor, to the Knowledge of GWW, any third party is in breach, or has received
written notice of breach, of any GWW Material Contract.

 

Section
4.16  Insurance. Except as would not, individually or in the
aggregate, reasonably be expected to have a GWW Material Adverse Effect, insurance policies maintained by GWW and its Subsidiaries are
in full force and effect and provide insurance in such amounts and against such risks as GWW reasonably has determined to be prudent,
taking into account the industries in which GWW and its Subsidiaries operate, and as is sufficient to comply with applicable Law. Except
as would not, individually or in the aggregate, reasonably be expected to have a GWW Material Adverse Effect, neither GWW nor any of its
Subsidiaries is in breach or default, and neither GWW nor any of its Subsidiaries has taken any action or failed to take any action which,
with notice or the lapse of time, would constitute such a breach or default, or permit termination or modification of, any of such insurance
policies. Except as would not, individually or in the aggregate, reasonably be expected to have a GWW Material Adverse Effect and to the
Knowledge of GWW: (i) no insurer of any such policy has been declared insolvent or placed in receivership, conservatorship, or liquidation;
and (ii) no notice of cancellation or termination, other than pursuant to the expiration of a term in accordance with the terms thereof,
has been received with respect to any such policy.

 

Section
4.17  Information Supplied. None of the information supplied
or to be supplied by or on behalf of GWW for inclusion or incorporation by reference in the Proxy Statement to be filed with the SEC by
Giga in connection with the approval of the Share Exchange (and any other definitive proxy material filed by Giga on EDGAR relating to
the Giga Stockholders Meeting or the Consent Solicitation) will, at the time the Proxy Statement is filed with the SEC by Giga in connection
with the approval of the Share Exchange, and at any time it is amended or supplemented or at the time it (or any post-effective amendment
or supplement) becomes effective under the Securities Act, contain any untrue statement of a material fact or omit to state any material
fact required to be stated therein or necessary to make the statements therein not misleading. None of the information supplied or to
be supplied by or on behalf of GWW for inclusion or incorporation by reference in the Proxy Statement will, at the date it is first mailed
to the Giga Stockholders or at the time of the Giga Stockholders Meeting or at the time of any amendment or supplement thereof, contain
any untrue statement of a material fact or omit to state any material fact necessary in order to make the statements made therein, in
light of the circumstances under which they were made, not misleading. None of the information supplied or to be supplied by or on behalf
of GWW for inclusion or incorporation by reference in the Registration Statement or any final prospectus with respect to the Offering
shall, at the time the Registration Statement and each amendment or supplement thereto, if any, becomes effective under the Securities
Act, or in the case of any final prospectus, filed with the SEC, at the time it is filed with the SEC, contain any untrue statement of
a material fact or omit to state any material fact required to be stated therein or necessary to make the statements therein not misleading.

 

    	 		 

    	 

    

 

Section
4.18  Anti-Corruption Matters. Since its fiscal year ended in
2019, none of GWW, any of its Subsidiaries or any director, officer or, to the Knowledge of GWW, employee or agent of GWW or any of its
Subsidiaries has: (a) used any funds for unlawful contributions, gifts, entertainment, or other unlawful payments relating to an act by
any Governmental Authority; (b) made any unlawful payment to any foreign or domestic government official or employee or to any foreign
or domestic political party or campaign or violated any provision of the U.S. Foreign Corrupt Practices Act of 1977, as amended; or (c)
made any other unlawful payment under any applicable Law relating to anti-corruption, bribery, or similar matters. Since its fiscal year
ended in 2019, neither GWW nor any of its Subsidiaries has disclosed to any Governmental Authority that it violated or may have violated
any Law relating to anti-corruption, bribery, or similar matters. To the Knowledge of GWW, no Governmental Authority is investigating,
examining, or reviewing GWW’s compliance with any applicable provisions of any Law relating to anti-corruption, bribery, or similar
matters.

 

Section
4.19  COVID-19; COVID-19 Measures. 

 

(a)       GWW
is not subject to (or has received an exclusion from the applicable Governmental Authority) COVID-19 Measures, such that GWW may not continue
to operate in the Ordinary Course of Business as of the Effective Date and the reasonably foreseeable future.

 

(b)       Schedule
4.19(b) sets forth a list of each loan or other financial grant for which GWW has applied or which it has received pursuant to any
COVID-19 Measure, including any “Paycheck Protection Program” loan, “Economic Stabilization Fund” loan, or other
SBA loan which loans remain outstanding.

 

(c)       GWW
has in place and maintains in effect business continuity, risk management, emergency and disaster plans, procedures, protocols and facilities
appropriate for the nature of the risks associated with the business of GWW.

 

(d)       GWW
has taken reasonable actions to (i) reduce the potentially adverse effects of COVID-19 and COVID-19 Measures on GWW, and (ii) assess and
monitor risks which may arise from the continuation of the COVID-19 pandemic.

 

(e)       Except
as set forth on Schedule 4.19(e), as of the Effective Date, GWW has not had, nor to the Knowledge of GWW are there any facts that
would give rise to, any workforce changes resulting from disruptions due to COVID-19 or COVID-19 Measures, whether directly or indirectly,
including any actual or expected terminations, layoffs, furlough, shutdowns (whether voluntary or by Order), or any changes to benefit
or compensation programs, nor are any such changes currently contemplated.

 

    	 		 

    	 

    

 

(f)       GWW
has no Knowledge that any Personnel has any plans to terminate his, her or its status as an employee or independent contractor of GWW,
including upon or in connection with the consummation of the transactions contemplated by this Agreement or as a result of COVID-19 or
COVID-19 Measures.

 

Section
4.20  Government Contracts.

 

(a)       Schedule
4.20(a) contains an accurate and complete list by counterparty and date, as of the Effective Date, of: (i) each Government Contract
to which GWW is a party and for which the period of performance has not expired or terminated or for which final payment has not yet been
received, in each case, accounting for revenues for the period from January 1, 2021 through August 31, 2021 in excess of $100,000; (ii)
each pending Government Bid that GWW or any of its Subsidiaries has submitted with an aggregate contract value, if awarded to GWW or any
of its Subsidiaries, in excess of $100,000; and (iii) each Government Contract to which GWW or any of its Subsidiaries is a party accounting
for revenues for the period from January 1, 2021 through August 31, 2021 in excess of $100,000, and that requires the other contracting
party’s consent for a change in control or ownership of GWW or any of its Subsidiaries, or permits the other contracting party to
terminate or cancel a Government Contract upon a change in control or ownership of GWW or any of its Subsidiaries. Notwithstanding anything
to the contrary contained in this Section 4.20(a), GWW is not obligated to list BitNile’s Contracts and Bids on Schedule
4.20(a).

 

(b)       As
of the Effective Date, neither GWW nor any of its Subsidiaries has received written notice that any Government Contracts or Government
Bids are the subject of bid or award protest Legal Proceedings or that the counterparty to any such Government Contract intends to materially
reduce future expenditures under or refrain from exercising any material options under such Government Contracts.

 

    	 		 

    	 

    

 

(c)       Except
as set forth on Schedule 4.20(c), since June 1, 2019, to the Knowledge of GWW: (i) GWW and its Subsidiaries have complied
in all material respects with all applicable Laws pertaining to all Government Contracts or Government Bids (and in any certificate, statement,
list, schedule, or other documents submitted or furnished to a Governmental Authority in connection with the foregoing), including the
FAR; the DFARS; Cost Accounting Standards; the Service Contract Act of 1963 (including requirements for paying applicable Service Contract
Act wage rate and fringe benefit rates); the Truth in Negotiations Act; and the Anti-Kickback Act, where and as applicable to each Government
Contract or Government Bid; (ii) neither GWW nor any of its Subsidiaries has received any written notice from a Governmental Authority
regarding any alleged violation by GWW of the Civil False Claims Act, Procurement Integrity Act, Anti-Kickback Act, Truth in Negotiations
Act, Buy American Act, Trade Agreements Act, Service Contract Act, or labor category qualification and billing contract requirements that
reasonably could be expected to be material and adverse to the Acquired Companies taken as a whole; (iii) GWW and its Subsidiaries are
in compliance in all material respects with all national security requirements, including NISPOM and the data security, cybersecurity,
and physical security systems and procedures required by its Government Contracts, including the National Institute of Standard and Technology
Special Publication 800-171 (Protecting Controlled Unclassified Information in Nonfederal Information Systems and Organizations), DFARS
252.204-7008 (Compliance with Safeguarding Covered Defense Information Controls (Oct 2016)), DFARS 252.204-7012 (Safeguarding Covered
Defense Information and Cyber Incident Reporting (Oct 2016)), and with the information security requirements of FAR 52.204-21 (Basic Safeguarding
of Covered Contractor Information Systems (June 2016)); (iv) since June 1, 2019, any data security, cybersecurity or physical security
breach related to any Government Contract has been reported to the necessary Governmental Authority or higher tier contractor, as required
by the terms of the Government Contract or applicable Law; (v) GWW and its Subsidiaries have complied in all material respects with all
representations and certifications set forth in such Government Contracts or Government Bids; and (vi) neither the U.S. Government
nor any prime contractor, subcontractor, or other Person has notified GWW or any of its Subsidiaries in writing that GWW or one or more
of its Subsidiaries have breached or violated in any material respect any applicable Law, term or condition pertaining to any Government
Contracts or Government Bids.

 

(d)       Except
as set forth on Schedule 4.20(d), since June 1, 2019, neither GWW nor any of its Subsidiaries has provided covered telecommunications
equipment or services to Government Authorities in the performance of a Government Contract. Since June 1, 2019, to the Knowledge of GWW,
neither GWW nor any of its Subsidiaries has used covered telecommunications equipment or services, or used any equipment, system, or service
that uses covered telecommunications equipment or services. For purposes of this section, the term “covered telecommunications equipment
or services” shall have the meaning prescribed in FAR clause 52.204-25.

 

(e)       To
the Knowledge of GWW, since June 1, 2019, all facts set forth in or acknowledged in any disclosure statements, representations, warranties,
certifications or other documents made, submitted, or furnished to any Governmental Authority with respect to any Government Contract
or Government Bid were correct, current, and complete in all material respects as of their submission date. Except as set forth on Schedule
4.20(e), no termination for convenience, termination for default, cure notice, show cause notice, letter of concern, assessment of
liquidated damages, claim, request for equitable adjustment, or material dispute is currently in effect, has been issued or made since
June 1, 2019, or, to the Knowledge of GWW, has been threatened in writing since June 1, 2019, in each case, with respect to any Government
Contract in excess of $100,000.

 

(f)       Except
as set forth on Schedule 4.20(f), at all times since June 1, 2019, and to the extent applicable and required: (i) GWW’s
cost accounting and “contractor business systems” (as defined in DFARS 252.242-7005) have complied in all material respects
with all applicable Laws and with the requirements of GWW’s Government Contracts; and (ii) GWW has not received written notice of
a finding of fraud or any claim of any material Liability as a result of defective pricing, labor mischarging, or improper payments on
the part of GWW or any of its Subsidiaries in connection with any Government Contracts or Government Bids. To the Knowledge of GWW, there
are no indirect rate variances for open cost accounting periods that, individually or in the aggregate, reasonably would be expected to
result in a rate adjustment in excess of current reserves, in the aggregate, on the costs allocated to GWW’s Government Contracts.

 

    	 		 

    	 

    

 

(g)       Since
June 1, 2019, to the Knowledge of GWW, (i) no Representative or employees of GWW or any of its Subsidiaries is or has been (except
as to routine security investigations) under administrative, civil, or criminal investigation, indictment, or audit (other than a routine
Defense Contract Audit Agency audit in the ordinary course of business) by any Governmental Authority with respect to any Government Contracts
or Government Bids of GWW or any of its Subsidiaries; and (ii) GWW has not received any written communication from any Governmental Authority
that GWW or any of its Subsidiaries will be subject to any administrative, civil, or criminal investigation, indictment, or audit with
respect to any such Government Contracts or Government Bids; and (iii) there have been no written document requests, subpoenas, search
warrants, or civil investigative demands received by GWW or any of its Subsidiaries or its or their Representatives, or, to the Knowledge
of GWW, employees with respect to Government Contracts or Government Bids of GWW or any of its Subsidiaries.

 

(h)       Except
as set forth on Schedule 4.20(h), within the five year period immediately preceding the Effective Date, no Governmental
Authority has assigned GWW or any of its Subsidiaries a rating below “Satisfactory” in connection with any contractor performance
assessment report, past performance questionnaire, or similar evaluation of past performance. Summaries of all level III and level IV
Corrective Action Requests issued by Defense Contract Management Agency to any Acquired Company since June 1, 2019 to the Effective Date,
and any related summary of corrective action responses and plans, have been made available to BitNile.

 

(i)       Since
June 1, 2019, neither GWW nor any of its Subsidiaries, nor any of its or their respective Principals (as defined in FAR 52.209-5) is presently
indicted or has been convicted of, had a civil judgment rendered against them, or have had a finding of fault and Liability rendered against
them in any Legal Proceeding for: (i) commission of fraud or a criminal offense in connection with the obtaining, attempting to obtain,
or performing a Government Contract; (ii) violation of federal or state antitrust laws relating to submission of offers; or (iii) commission
of embezzlement, theft, forgery, bribery, falsification or destruction of records, making false statements, Tax evasion, violating federal
criminal Tax Laws, or receiving stolen property. Since June 1, 2019, neither GWW nor any of its Subsidiaries has had a disposition in
a Legal Proceeding by consent or compromise with an acknowledgment of fault by GWW or any of its Subsidiaries if the Legal Proceeding
could have led to any of the outcomes specified in clauses (i) through (iii) of the preceding sentence.

 

(j)       Neither
GWW nor any of its Subsidiaries or its or their respective Principals (as defined FAR 52.209-5) has been or is now debarred, suspended,
proposed for suspension or debarment, deemed non-responsible, or otherwise excluded from participation in, or the award of, Government
Contracts or from doing business with any Governmental Authority, nor does any other condition exist that would require disclosure under
FAR 52.209-5. To the Knowledge of GWW, there exist no facts or circumstances that would warrant the institution of suspension, debarment
or exclusion proceedings or the finding of non-compliance, non-responsibility or ineligibility on the part of GWW or any of its Subsidiaries
or its or their respective Principals (as defined in FAR 52.209-5).

 

    	 		 

    	 

    

 

(k)       Since
June 1, 2019, neither GWW nor any of its Representatives has made a written voluntary disclosure with respect to any alleged, potential,
or actual irregularity, misstatement, noncompliance, or omission arising under or relating to a Government Contract or Government Bid,
nor made any disclosure to any Governmental Authority pursuant to the FAR mandatory disclosure provisions (FAR 9.406-2, 9.407-2 &
52.203-13) and, to the Knowledge of GWW, no facts and circumstances exist that would require a mandatory disclosure pursuant to FAR 52.203-13.
Since June 1, 2019, neither GWW nor any of its Subsidiaries has provided to any third party any Intellectual Property developed under
any Government Contract in violation of such Government Contract.

 

(l)       Neither
GWW nor any of its Subsidiaries are performing work for a Governmental Authority with an aggregate cost to GWW or its Subsidiaries of
$100,000 without the benefit of a Government Contract, the reasonable expectation of a Government Contract based upon memorialized communications
with the customer or contractual authorization or funding from such Governmental Authority, nor did any billed accounts receivable arise
pursuant to such an arrangement.

 

(m)       To
the Knowledge of GWW since June 1, 2019, (i) all personnel security clearances and facility security clearances required by GWW’s
and/or its Subsidiaries’ Government Contracts are valid and in full force and effect, (ii) GWW has not received written notice of
any threatened revocation, invalidation, or suspension of any facility or personnel security clearance nor has GWW received any notice
from a Governmental Authority of threatened revocation, invalidation or suspension of any facility security clearance, (iii) GWW has not
received a rating less than “Satisfactory” from any DCSA or other CSA inspection or audit, and (iv) there has been no material
unauthorized disclosure of classified information by employees of GWW or any of its Subsidiaries.

 

(n)       To
the Knowledge of GWW, (i) there are no Government Contracts or Government Bids (or mitigation plans under such Government Contracts or
Government Bids) that include one or more terms or provisions that identify specific contracts, program, or work and restrict GWW’s
or any of its Subsidiaries’ ability to bid on or perform work on future Government Contracts or programs or for specific periods
of time based upon “organizational conflicts of interest,” as defined in FAR Subpart 9.5, (ii) there are no activities or
relationships between, on the one hand, GWW and/or any of its Subsidiaries and, on the other hand, BitNile, that reasonably would be expected
to result in an organizational or personal conflict of interest, as defined in the FAR, as a result of this Agreement or the consummation
of the transactions contemplated by this Agreement, and (iii) GWW and its Subsidiaries are and have been, at all times since June 1, 2019,
in compliance in all material respects with all organizational or personal conflict of interest (as defined in the FAR) mitigation plans
entered into by GWW or any of its Subsidiaries in connection with any active program or proposal. Since June 1, 2019, neither GWW nor
any of its Subsidiaries has received any written notice of any failure to comply with such plans or the existence of any prohibited organizational
or personal conflict of interest in connection with any Government Contract or Government Bid.

 

(o)       To
the Knowledge of GWW, there are no outstanding allegations of improper activities arising from any audit or non-audit review by a Governmental
Authority, including without limitation, by the Defense Contract Audit Agency, of GWW or any of its Subsidiaries or work performed by
GWW or any of its Subsidiaries that would, individually or in the aggregate, have a GWW Material Adverse Effect. In the past five years,
GWW and each of its Subsidiaries has been and is in compliance in all material respects with any applicable United States national customs
or export control laws and regulations, including the Export Administration Regulations, the Arms Export Control Act, and the International
Traffic in Arms Regulations.

 

    	 		 

    	 

    

 

Section
4.21  Privacy and Data Security. GWW has provided true and correct copies of all current Privacy Policies adopted
by GWW or any of its Subsidiaries in connection with the operation of its business. To the Knowledge of GWW, GWW and its Subsidiaries
have during the period beginning June 1, 2019 through the Effective Date: (i) complied with all applicable Laws related to the protection,
privacy and security of Personal Data, and any similar federal, state or foreign law and other laws regarding the disclosure of Personal
Data; (ii) not violated its applicable Privacy Policies; (iii) taken commercially reasonable steps to protect and maintain the confidential
nature of Personal Data provided to GWW, its Subsidiaries or any of their respective Affiliates in accordance with its applicable Privacy
Policies; (iv) has not discovered any unauthorized or improper access to or use or disclosure of Personal Data or other Confidential Information
to any unauthorized or improper third party; and (v) no threatened or actual breach of Personal Data by or against the GWW or any of its
Subsidiaries.

 

Section
4.22  No Other Representations and Warranties.
Except for the representations and warranties of GWW expressly set forth in this Agreement or in a certificate delivered pursuant to this
Agreement, none of GWW nor any other Person on behalf of GWW has made or makes any other express or implied representation or warranty,
either written or oral, with respect to GWW or any of its Subsidiaries or with respect to any other information provided to Giga or any
of its Representatives, including, but not limited to, its business, operations, assets, liabilities, conditions (financial or otherwise)
or prospects, in connection with the transactions contemplated by this Agreement.

 

Section
4.23  Non-Reliance. GWW acknowledges that the
representations and warranties of Giga set forth in Article III constitute the sole and exclusive representations and warranties of Giga
to GWW in connection with the transactions contemplated hereby, and GWW further acknowledges and agrees that neither Giga, nor any of
its Representatives, are making any representation or warranty whatsoever, express or implied, beyond those expressly given in this Agreement.
GWW further acknowledges and agrees that any estimates, budgets, projections, forecasts or other predictions that may have been provided
to GWW or any of its Representatives are not representations or warranties of Giga or guarantees of performance and that actual results
may vary substantially from any such estimates, budgets, projections, forecasts or other predictions. None of GWW, its Affiliates, Subsidiaries,
nor any of their respective Representatives are relying on any representation or warranty of Giga or any of its Representatives except
for those expressly set forth in this Agreement or in a certificate delivered pursuant to this Agreement. Notwithstanding anything to
the contrary in this Agreement, nothing herein is intended to or shall limit or otherwise restrict any claim by or right of GWW with respect
to or arising from any intentional misrepresentation or reckless or intentional fraud.

 

    	 		 

    	 

    

 

ARTICLE V

Representations and Warranties OF BitNile

 

BitNile hereby represents
and warrants to Giga that the following representations and warranties are true and correct as of the Effective Date:

 

Section
5.01  Title.  BitNile is the sole record and beneficial owner of all of the GWW Shares as specified on Schedule
2.01 and BitNile owns the GWW Shares, free of any claim, lien, security interest or encumbrance of any nature or kind and, as such,
has the exclusive right and full power to sell, transfer and assign the GWW Shares free of any such claim, lien, security interest or
encumbrance. BitNile is the sole record and beneficial owner of the outstanding GWW Shares.

 

Section
5.02  Power and Authority. BitNile has full power and authority to execute and deliver this Agreement and to perform
its obligations hereunder. This Agreement constitutes the valid and legally binding obligation of BitNile, enforceable in accordance with
its terms. The execution, delivery, and performance of this Agreement and all other agreements contemplated hereby have been duly authorized
by BitNile to the extent necessary.

 

Section
5.03  No Conflict.   The execution and delivery of this Agreement by BitNile and the observance and performance
of the terms and provisions contained herein do not constitute a violation or breach of any applicable Laws, or any provision of any other
contract or instrument to which BitNile is a party or by which it is bound, or any order, writ, injunction, decree, statute, rule, Bylaw
or regulation applicable to BitNile.

 

Section
5.04  BitNile Approvals. (i) A designee of BitNile has approved this Agreement and the transactions contemplated hereby
by resolutions duly adopted by the written consent of such designee in his capacity as the designee of BitNile as the holder of all of
the outstanding GWW Shares, and (ii) the board of directors of BitNile have approved this Agreement and the transactions contemplated
hereby by resolutions duly adopted by at a meeting of all directors of GWW duly called and held (or by resolutions duly adopted by its
directors by written consent), none of which resolutions has been subsequently rescinded or modified in any way.

 

Section
5.05  No Insolvency. No insolvency proceedings of any character, including without limitation, bankruptcy, receivership,
reorganization, composition or arrangement with creditors, voluntary or involuntary, designating BitNile or an Affiliate thereof as the
bankrupt or the insolvent, are pending or, to the Knowledge of BitNile, threatened and BitNile has not made an assignment for the benefit
of creditors, nor has BitNile or any Affiliate thereof taken any action with a view to, or which would constitute the basis for, the institution
of any such insolvency proceedings.

 

Section
5.06  Litigation. There are no actions, suits, or proceedings pending or, to BitNile’s Knowledge, threatened,
which could in any manner restrain or prevent BitNile from exchanging the GWW Shares pursuant to the terms and provisions of this Agreement.

 

Section
5.07  Brokers.  BitNile has no liability or obligation to pay fees or commissions to any broker, finder, or agent
with respect to the transactions contemplated by this Agreement.

 

Section
5.08  No Restrictions. Other than this Agreement, BitNile is not a party to or bound by any Contract, option or other
arrangement or understanding with respect to the purchase, sale, delivery, transfer, gift, pledge, hypothecation, encumbrance, assignment
or other disposition or acquisition of (including by operation of Law) any GWW Shares, or as to voting, agreeing or consenting (or abstaining
therefrom) with respect to any amendment to or waiver of any terms of, or taking any action whatsoever with respect to, the GWW Shares.

 

    	 		 

    	 

    

 

Section
5.09  Financing. BitNile has the financial resources, and as of the Closing of the Offering will have sufficient cash
on hand necessary to consummate the transactions contemplated by this Agreement, including its purchase of shares of Giga Common Stock
in the aggregate amount of $5,750,000 on the terms and subject to the conditions set forth herein.

 

Section
5.10  Investment Intent. The Exchange Shares to be received by BitNile hereunder will be acquired for investment and
only for BitNile’s own account, not as a nominee or agent, and not with a view to the public resale or distribution thereof within
the meaning of the Securities Act, and BitNile has no present intention of publicly selling, granting any participation in, or otherwise
distributing the same; provided, that, by making the representations herein, other than as set forth herein, BitNile does not agree to
hold any of the Exchange Shares for any minimum period of time and reserves the right at all times to sell or otherwise dispose of all
or any part of such Exchange Shares pursuant to an effective registration statement under the Securities Act or under an exemption from
such registration (provided that BitNile complies with the conditions thereof) and in compliance with applicable federal and state securities
laws.

 

Section
5.11  Investment Experience. BitNile is an experienced investor and acknowledges and represents that: (a) it is able
to fend for itself; (b) can bear the economic risk of its investment in the Exchange Shares; and (c) has such knowledge and experience
in financial or business matters that it is capable of evaluating the merits and risk of its investment in the Exchange Shares.

 

Section
5.12  Accredited Investor Status. BitNile is an “accredited investor” within the meaning of Regulation
D promulgated under the Securities Act, as amended.

 

Section
5.13   Status of Exchange Shares. BitNile understands and agrees as follows: (a) the Exchange Shares constitute “restricted
securities” under the Securities Act inasmuch as they are being acquired from Giga in a transaction not involving a public offering;
(b) subject to limited exceptions, the Exchange Shares may not be resold, disposed of or transferred, in whole or in part, without registration
under the Securities Act; and (c) it must bear the economic risk of this investment indefinitely unless the Exchange Shares are registered
pursuant to the Securities Act, or an exemption from registration is available.

 

Section
5.14  Legends.  BitNile acknowledges that all certificates or other instruments representing the Exchange Shares subject
to this Agreement may, at the option of Giga, bear a restrictive legend substantially to the following effect:

 

THE SECURITIES REPRESENTED
BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED, OR THE SECURITIES LAWS OF ANY STATE AND SUCH
SECURITIES MAY NOT BE SOLD, OTHERWISE DISPOSED OF OR TRANSFERRED, IN WHOLE OR IN PART, EXCEPT PURSUANT TO A REGISTRATION STATEMENT RELATING
THERETO UNDER SUCH ACT AND APPLICABLE STATE SECURITIES LAWS OR PURSUANT TO AN EXEMPTION FROM REGISTRATION UNDER SUCH ACT OR SUCH LAWS
OR SOLD, TRANSFERRED OR ASSIGNED PURSUANT TO RULE 144 OR RULE 144A UNDER SAID ACT. NOTWITHSTANDING THE FOREGOING, THE SECURITIES MAY BE
PLEDGED IN CONNECTION WITH A BONA FIDE MARGIN ACCOUNT OR OTHER LOAN OR FINANCING ARRANGEMENT SECURED BY THE SECURITIES.

 

    	 		 

    	 

    

 

Section
5.15  No Consents. No consent, approval, order or authorization of, or registration, declaration, filing with or notice
to, any governmental or self-regulatory agency or body or any other person is required to be obtained, made or given by or with respect
to BitNile the Seller in connection with the execution and delivery of this Agreement or any other agreements or instruments executed
and delivered hereunder or thereunder by BitNile, or the performance of any obligations hereunder or thereunder by BitNile, including
the sale and delivery of the GWW Shares by BitNile pursuant to this Agreement.

 

Section
5.16  Information Supplied.

 

(a)       None
of the information supplied or to be supplied by or on behalf of BitNile for inclusion or incorporation by reference in the Proxy Statement
to be filed with the SEC by Giga in connection with the approval of the Share Exchange (and any other definitive proxy material filed
by Giga on EDGAR relating to the Giga Stockholders Meeting or the Consent Solicitation) will, at the time the Proxy Statement is filed
with the SEC by Giga in connection with the approval of the Share Exchange, and at any time it is amended or supplemented or at the time
it (or any post-effective amendment or supplement) becomes effective under the Securities Act, contain any untrue statement of a material
fact or omit to state any material fact required to be stated therein or necessary to make the statements therein not misleading. None
of the information supplied or to be supplied by or on behalf of BitNile for inclusion or incorporation by reference in the Proxy Statement
will, at the date it is first mailed to the Giga Stockholders or at the time of the Giga Stockholders Meeting or at the time of any amendment
or supplement thereof, contain any untrue statement of a material fact or omit to state any material fact necessary in order to make the
statements made therein, in light of the circumstances under which they were made, not misleading.

 

(b)       
None of the information supplied or to be supplied by or on behalf of BitNile for inclusion or incorporation by reference in the Registration
Statement or any final prospectus with respect to the Offering shall, at the time the Registration Statement and each amendment or supplement
thereto, if any, becomes effective under the Securities Act, or in the case of any final prospectus, filed with the SEC, at the time it
is filed with the SEC, contain any untrue statement of a material fact or omit to state any material fact required to be stated therein
or necessary to make the statements therein not misleading

 

Section
5.17  No Other Representations and Warranties. Except for the representations and warranties of BitNile expressly
set forth in this Article V or in a certificate delivered pursuant to this Agreement, neither BitNile nor any other Person on behalf of
BitNile has made or makes any other express or implied representation or warranty, either written or oral, with respect to any other information
provided to Giga or any of its Representatives in connection with the transactions contemplated by this Agreement.

 

    	 		 

    	 

    

 

Section
5.18  Non-Reliance. BitNile acknowledges that the representations and warranties of Giga set forth in Article III
constitute the sole and exclusive representations and warranties of Giga to BitNile in connection with the transactions contemplated hereby,
and BitNile further acknowledges and agrees that neither Giga, nor any of its Representatives, are making any representation or warranty
whatsoever, express or implied, beyond those expressly given in this Agreement. BitNile further acknowledges and agrees that any estimates,
budgets, projections, forecasts or other predictions that may have been provided to BitNile or any of its Representatives are not representations
or warranties of Giga or guarantees of performance and that actual results may vary substantially from any such estimates, budgets, projections,
forecasts or other predictions. Neither BitNile, nor any of its Affiliates or Representatives are relying on any representation or warranty
of Giga or any of its Representatives except for those expressly set forth in this Agreement or in a certificate delivered pursuant to
this Agreement. Notwithstanding anything to the contrary in this Agreement, nothing herein is intended to or shall limit or otherwise
restrict any claim by or right of BitNile with respect to or arising from any intentional misrepresentation or reckless or intentional
or fraud.

 

ARTICLE VI

Covenants

 

Section
6.01  Public Offering; Registration Statement. As soon as practicable following the Effective Date, Giga shall file
with the SEC a Registration Statement on Form S-1 for the registration and sale of at least $25 million of Giga Common Stock in an underwritten
public offering (the “Registration Statement”), of which BitNile shall purchase $5.75 million in Giga Common Stock
on the same terms and conditions as public investors with the exception of a lower discount and other underwriting compensation (the “Offering”).
GWW and Giga shall co-operate with each other connection with the Offering. Giga shall use the proceeds of the Offering to redeem all
of the Giga Preferred Stock outstanding as of the Effective Date and for general corporate purposes. The Giga Financial Advisor shall
be the lead bookrunner and underwriter for the Offering on terms satisfactory to it, Giga and GWW. Giga shall not file the Registration
Statement, or any amendment thereto, absent the express prior written approval therefor by GWW.

 

Section
6.02  Conduct of Business of Giga.
During the period from the Effective Date until the Closing, Giga shall, and shall cause each of its Subsidiaries, except as expressly
contemplated by this Agreement, as required by applicable Law, or with the prior written consent of GWW (which consent shall not
be unreasonably withheld, conditioned, or delayed), conduct its business in the ordinary course of business, consistent with past practice,
and, to the extent consistent therewith, Giga shall, and shall cause each of its Subsidiaries to, use its best efforts to preserve substantially
intact its and its Subsidiaries’ business organization, to keep available the services of its and its Subsidiaries’ current
officers and employees, to preserve its and its Subsidiaries’ present relationships with customers, suppliers, distributors, licensors,
licensees, and other Persons having business relationships with it. Without limiting the generality of the foregoing, between the Effective
Date and the Closing, except as otherwise expressly permitted by this Agreement, or as required by applicable Law, Giga shall not, nor
shall it permit any of its Subsidiaries to, without the prior written consent of GWW (which consent shall not be unreasonably withheld,
conditioned, or delayed):

 

    	 		 

    	 

    

 

(a)       other
than as expressly agreed to by the parties hereto, amend or propose to amend its Charter Documents;

 

(b)       (i)
split, combine, or reclassify any Giga Securities, (ii) other than as expressly agreed to by the parties hereto, repurchase, redeem, or
otherwise acquire, or offer to repurchase, or otherwise acquire, any Giga Securities, or (iii) declare, set aside, or pay any dividend
or distribution (whether in cash, stock, property, or otherwise) in respect of, or enter into any Contract with respect to the voting
of, any shares of its capital stock (other than dividends from its direct or indirect wholly-owned Subsidiaries);

 

(c)       issue,
sell, pledge, dispose of, or encumber any Giga Securities or Giga Subsidiary Securities, other than the issuance of shares of Giga Common
Stock upon the exercise of any Giga Equity Award outstanding as of the Effective Date in accordance with its terms;

 

(d)       except
as required by applicable Law or by any Giga Employee Plan or Contract in effect as of the Effective Date (i) increase the compensation
payable or that could become payable by Giga or any of its Subsidiaries to directors, officers, or employees, other than increases in
compensation made to non-officer employees in the ordinary course of business consistent with past practice, (ii) promote any officers
or employees, except in connection with Giga’s annual or quarterly compensation review cycle or as the result of the termination
or resignation of any officer or employee, or (iii) establish, adopt, enter into, amend, terminate, exercise any discretion under, or
take any action to accelerate rights under any Giga Employee Plans or any plan, agreement, program, policy, trust, fund, or other arrangement
that would be a Giga Employee Plan if it were in existence as of the Effective Date, or make any contribution to any Giga Employee Plan,
other than contributions required by Law, the terms of such Giga Employee Plans as in effect on the Effective Date, or that are made in
the ordinary course of business consistent with past practice;

 

(e)       acquire,
by merger, consolidation, acquisition of stock or assets, or otherwise, any business or Person or division thereof or make any loans,
advances, or capital contributions to or investments in any Person in excess of $50,000 in the aggregate;

 

(f)       (i)
transfer, license, sell, lease, or otherwise dispose of (whether by way of merger, consolidation, sale of stock or assets, or otherwise)
or pledge, encumber, mortgage, or otherwise subject to any Lien (other than a Permitted Lien), any assets, including the capital stock
or other equity interests in any Subsidiary of Giga; provided, that the foregoing shall not prohibit Giga and its Subsidiaries from transferring,
selling, leasing, or disposing of obsolete equipment or assets being replaced, or granting non-exclusive licenses under the Giga Owned
IP, in each case in the ordinary course of business consistent with past practice, or (ii) adopt or effect a plan of complete or partial
liquidation, dissolution, restructuring, recapitalization, or other reorganization;

 

    	 		 

    	 

    

 

(g)       repurchase,
prepay, or incur any indebtedness for borrowed money or guarantee any such indebtedness of another Person, issue or sell any debt securities
or options, warrants, calls, or other rights to acquire any debt securities of Giga or any of its Subsidiaries, guarantee any debt securities
of another Person, enter into any “keep well” or other Contract to maintain any financial statement condition of any other
Person (other than any wholly-owned Subsidiary of it) or enter into any arrangement having the economic effect of any of the foregoing,
other than in connection with the financing of ordinary course trade payables consistent with past practice;

 

(h)       enter
into or amend or modify in any material respect, or consent to the termination of (other than at its stated expiry date), any Giga Material
Contract or any Lease with respect to material Giga Real Estate or any other Contract or Lease that, if in effect as of the Effective
Date would constitute a Giga Material Contract or Lease with respect to material Giga Real Estate hereunder;

 

(i)       institute,
settle, or compromise any Legal Proceeding involving the payment of monetary damages by Giga or any of its Subsidiaries of any amount
exceeding $50,000 in the aggregate, other than (i) any Legal Proceeding brought against BitNile or GWW arising out of a breach or alleged
breach of this Agreement by GWW, and (ii) the settlement of claims, liabilities, or obligations reserved against on Giga Balance Sheet;
provided, that neither Giga nor any of its Subsidiaries shall settle or agree to settle any Legal Proceeding which settlement involves
a conduct remedy or injunctive or similar relief or has a restrictive impact on Giga’s business;

 

(j)       make
any material change in any method of financial accounting principles or practices, in each case except for any such change required by
a change in GAAP, IFRS or applicable Law;

 

(k)       (i)
settle or compromise any material Tax claim, audit, or assessment for an amount materially in excess of the amount reserved or accrued
on the Giga Balance Sheet (or most recent consolidated balance sheet included in the Giga SEC Documents), (ii) make or change any material
Tax election, change any annual Tax accounting period, or adopt or change any method of Tax accounting, (iii) amend any material Tax Returns
or file claims for material Tax refunds, or (iv) enter into any material closing agreement, surrender in writing any right to claim a
material Tax refund, offset or other reduction in Tax liability or consent to any extension or waiver of the limitation period applicable
to any material Tax claim or assessment relating to Giga or its Subsidiaries;

 

(l)       enter
into any material agreement, agreement in principle, letter of intent, memorandum of understanding, or similar Contract with respect to
any joint venture, strategic partnership, or alliance;

 

(m)       except
in connection with actions permitted by Section 6.05 hereof, take any action to exempt any Person from, or make any acquisition of securities
of Giga by any Person not subject to, any state takeover statute or similar statute or regulation that applies to Giga with respect to
a Takeover Proposal or otherwise, except for GWW, or any of its respective Subsidiaries or Affiliates, or the transactions contemplated
by this Agreement;

 

    	 		 

    	 

    

 

(n)       abandon,
allow to lapse, sell, assign, transfer, grant any security interest in otherwise encumber or dispose of any material Giga Owned IP, or
grant any right or license to any material Giga Owned IP other than pursuant to non-exclusive licenses entered into in the ordinary course
of business consistent with past practice;

 

(o)       terminate
or modify in any material respect, or fail to exercise renewal rights with respect to, any material insurance policy;

 

(p)       engage
in any transaction with, or enter into any agreement, arrangement or understanding with, any Affiliate of Giga or other Person covered
by Item 404 of Regulation S-K promulgated by the SEC that would be required to be disclosed pursuant to Item 404 of Regulation S-K promulgated
by the SEC;

 

(q)       adopt
or implement any stockholder rights plan or similar arrangement; or

 

(r)       agree
or commit to do any of the foregoing.

 

Section
6.03  Conduct of the Business of GWW. During the period from
the Effective Date until the Closing, GWW shall, and shall cause each of its Subsidiaries, except as expressly contemplated by this Agreement,
as required by applicable Law, or with the prior written consent of Giga (which consent shall not be unreasonably withheld, conditioned,
or delayed), to conduct its business only in the ordinary course of business consistent with past practice. Without limiting the generality
of the foregoing, between the Effective Date and the Closing, except as otherwise expressly permitted by this Agreement, as set forth
in Schedule 6.03, or as required by applicable Law, GWW shall not, nor shall it permit any of its Subsidiaries to, without the
prior written consent of Giga (which consent shall not be unreasonably withheld, conditioned, or delayed):

 

(a)       amend
its Charter Documents in a manner that would adversely affect Giga;

 

(b)       (i)
split, combine, or reclassify any GWW Securities in a manner that would adversely affect Giga or the holders of Giga Common Stock relative
to the other holders of GWW Common Stock; (ii) repurchase, redeem, or otherwise acquire, or offer to repurchase, redeem, or otherwise
acquire, any GWW Securities or GWW Subsidiary Securities, or (iii) declare, set aside, or pay any dividend or distribution (whether in
cash, stock, property, or otherwise) in respect of, or enter into any Contract with respect to the voting of, any shares of its capital
stock (other than dividends from its direct or indirect wholly-owned Subsidiaries;

 

(c)       issue,
sell, pledge, dispose of, or encumber any GWW Securities or GWW Subsidiary Securities, other than (i) the issuance of shares of GWW Common
Stock upon the exercise of any GWW Equity Awards outstanding as of the Effective Date in accordance with its terms, and (ii) the issuance
of shares of GWW Common Stock in connection with or upon the exercise of any GWW Equity Awards granted after the Effective Date in the
ordinary course of business consistent with past practice;

 

    	 		 

    	 

    

 

(d)       acquire,
by merger, consolidation, acquisition of stock or assets, or otherwise, any business or Person or division thereof or make any loans,
advances, or capital contributions to or investments in any Person, in each case that would reasonably be expected to prevent, impede,
or materially delay the consummation of the Share Exchange or other transactions contemplated by this Agreement;

 

(e)       adopt
or effect a plan of complete or partial liquidation, dissolution, restructuring, recapitalization, or other reorganization;

 

(f)       (i)
transfer, license, sell, lease, or otherwise dispose of (whether by way of merger, consolidation, sale of stock or assets, or otherwise)
or pledge, encumber, mortgage, or otherwise subject to any Lien (other than a Permitted Lien), any assets, including the capital stock
or other equity interests in any Subsidiary of GWW; provided, that the foregoing shall not prohibit GWW and its Subsidiaries from transferring,
selling, leasing, or disposing of obsolete equipment or assets being replaced, or granting non-exclusive licenses under the Giga Owned
IP, in each case in the ordinary course of business consistent with past practice, or (ii) adopt or effect a plan of complete or partial
liquidation, dissolution, restructuring, recapitalization, or other reorganization;

 

(g)       repurchase,
prepay, or incur any indebtedness for borrowed money or guarantee any such indebtedness of another Person, issue or sell any debt securities
or options, warrants, calls, or other rights to acquire any debt securities of GWW or any of its Subsidiaries, guarantee any debt securities
of another Person, enter into any “keep well” or other Contract to maintain any financial statement condition of any other
Person (other than any wholly-owned Subsidiary of it) or enter into any arrangement having the economic effect of any of the foregoing,
other than in connection with the financing of ordinary course trade payables consistent with past practice, and (ii) where
the taking of any such action set forth in this Section 6.03(g) would not be reasonably expected to have, individually or in the aggregate,
a GWW Material Adverse Effect;

 

(h)       except
as otherwise set forth on Schedule 6.03(h), enter into or amend or modify in any material respect, or consent to the termination
of (other than at its stated expiry date), any GWW Material Contract or any Lease with respect to material GWW Real Estate or any other
Contract or Lease that, if in effect as of the Effective Date would constitute a GWW Material Contract or Lease with respect to material
GWW Real Estate hereunder;

 

(i)       institute,
settle, or compromise any Legal Proceeding involving the payment of monetary damages by GWW or any of its Subsidiaries of any amount exceeding
$50,000 in the aggregate, other than (i) any Legal Proceeding brought against Giga arising out of a breach or alleged breach of this Agreement
by Giga, and (ii) the settlement of claims, liabilities, or obligations reserved against on GWW Balance Sheet; provided, that neither
GWW nor any of its Subsidiaries shall settle or agree to settle any Legal Proceeding which settlement involves a conduct remedy or injunctive
or similar relief or has a restrictive impact on GWW’s business;

 

    	 		 

    	 

    

 

(j)       make
any material change in any method of financial accounting principles or practices, in each case except for any such change required by
a change in GAAP, IFRS, or applicable Law;

 

(k)       (i)
settle or compromise any material Tax claim, audit, or assessment for an amount materially in excess of the amount reserved or accrued
on the GWW Balance Sheet, (ii) make or change any material Tax election, change any annual Tax accounting period, or adopt or change any
method of Tax accounting, (iii) amend any material Tax Returns or file claims for material Tax refunds, or (iv) enter into any material
closing agreement, surrender in writing any right to claim a material Tax refund, offset or other reduction in Tax liability or consent
to any extension or waiver of the limitation period applicable to any material Tax claim or assessment relating to GWW or its Subsidiaries;

 

(l)       except
in connection with actions permitted by Section 6.05 hereof, take any action to exempt any Person from, or make any acquisition of securities
of GWW by any Person not subject to, any state takeover statute or similar statute or regulation that applies to Giga with respect to
a Takeover Proposal or otherwise, except for GWW, or any of its respective Subsidiaries or Affiliates, or the transactions contemplated
by this Agreement;

 

(m)       abandon,
allow to lapse, sell, assign, transfer, grant any security interest in otherwise encumber or dispose of any material GWW Owned IP, or
grant any right or license to any material GWW Owned IP other than pursuant to non-exclusive licenses entered into in the ordinary course
of business consistent with past practice;

 

(n)       terminate
or modify in any material respect, or fail to exercise renewal rights with respect to, any material insurance policy;

 

(o)       engage
in any transaction with, or enter into any agreement, arrangement or understanding with, any Affiliate or Subsidiary of GWW or other Person
covered by Item 404 of Regulation S-K promulgated by the SEC that would be required to be disclosed pursuant to Item 404 of Regulation
S-K promulgated by the SEC; or

 

(p)       agree
or commit to do any of the foregoing.

 

Section
6.04  Access to Information; Confidentiality. 

 

(a)       Access
to Information. From the Effective Date until the earlier to occur of the Closing or the termination of this Agreement in accordance
with the terms set forth in Article VIII, Giga and GWW shall, and shall each cause their respective Subsidiaries to, afford to the other
party and their respective Representatives reasonable access, at reasonable times and in a manner as shall not unreasonably interfere
with the business or operations of Giga or GWW or their respective Subsidiaries, to the officers, employees, accountants, agents, properties,
offices, and other facilities and to all books, records, contracts, and other assets of the other party and its Subsidiaries, and each
of Giga and GWW shall, and shall cause its respective Subsidiaries to, furnish promptly to the other party such other information concerning
their respective businesses and properties (and those of their Subsidiaries) as either Giga or GWW may reasonably request from time to
time. Neither of Giga, GWW, nor any of their respective Subsidiaries shall be required to provide access to or disclose information where
such access or disclosure would jeopardize the protection of attorney-client privilege or contravene any Law (it being agreed that the
parties shall use their reasonable best efforts to cause such information to be provided in a manner that would not result in such jeopardy
or contravention). No investigation shall affect any party’s representations, warranties, covenants, or agreements contained herein,
or limit or otherwise affect the remedies available to any party pursuant to this Agreement.

 

    	 		 

    	 

    

 

(b)       Confidentiality.
The parties hereby agree that all information provided to the other party or the other parties’ Representatives in connection with
this Agreement and the consummation of the transactions contemplated hereby, including any information obtained pursuant to Section 6.04(a),
shall be treated in accordance with the Confidentiality Agreement, dated March 29, 2021, between GWW and Giga (the “Confidentiality
Agreement”). GWW, BitNile and Giga shall comply with, and shall cause their respective Representatives to comply with, all of
their respective obligations under the Confidentiality Agreement, which shall survive the termination of this Agreement in accordance
with the terms set forth therein.

 

Section
6.05  No Solicitation. 

 

(a)       Takeover
Proposals.  Giga, and each shall cause it Representatives, Subsidiaries or Subsidiaries’ Representatives as applicable, not
to, directly or indirectly, solicit, initiate, or knowingly take any action to facilitate or encourage the submission of any Takeover
Proposal or the making of any proposal that could reasonably be expected to lead to any Takeover Proposal, or, subject to Section 6.05(b),
(i) conduct or engage in any discussions or negotiations with, disclose any non-public information relating to Giga or any of its Subsidiaries,
as applicable, to, afford access to the business, properties, assets, books, or records of Giga or any of its Subsidiaries to, or knowingly
assist, participate in, facilitate, or encourage any effort by, any third party (or its potential sources of financing) that is seeking
to make, or has made, any Takeover Proposal; (ii) except where the Giga Board makes a good faith determination, after consultation with
its financial advisors and outside legal counsel, that it would or could reasonably be expected to result in a Superior Proposal, amend
or grant any waiver or release under any standstill or similar agreement with respect to any class of equity securities of Giga or any
of its Subsidiaries to amend or grant any waiver or release under any standstill or similar agreement with respect to any class of equity
securities of Giga or any of its Subsidiaries; or (iii) enter into any agreement in principle, letter of intent, term sheet, acquisition
agreement, merger agreement, option agreement, joint venture agreement, partnership agreement, or other Contract relating to any Takeover
Proposal (each, an “Acquisition Agreement”). Except as expressly permitted by this Agreement, the Giga Board shall
not effect a Giga Adverse Recommendation Change. Giga shall cause its Representatives, Subsidiaries and Subsidiaries’ Representatives
to, cease immediately and cause to be terminated any and all existing activities, discussions, or negotiations, if any, with any third
party conducted prior to the Effective Date with respect to any Takeover Proposal and shall request that any such third party (or its
agents or advisors) in possession of non-public information in respect of Giga and any of their respective Subsidiaries that was furnished
by or on behalf of such party or its respective Subsidiaries to return or destroy (and confirm destruction of) all such information. Without
limiting the foregoing, it is understood that any violation of or the taking of actions inconsistent with the restrictions set forth in
this Section 6.05 by any Representative of Giga or its Subsidiaries whether or not such Representative is purporting to act on behalf
of Giga or any of its Subsidiaries, shall be deemed to be a breach of this Section 6.05 by the applicable party.

 

    	 		 

    	 

    

 

(b)       Superior
Proposal. Notwithstanding Section 6.05(a), prior to the receipt of the Requisite Giga Vote, the Giga Board, directly or indirectly
through any Representative, may, subject to Section 6.05(c): (i) participate in negotiations or discussions with any third party that
has made (and not withdrawn) a bona fide, unsolicited Takeover Proposal in writing that the Giga Board believes in good faith, after consultation
with its financial advisors and outside legal counsel, constitutes or would reasonably be expected to result in a Superior Proposal; (ii)
thereafter furnish to such third party non-public information relating to such party or any of its respective
Subsidiaries pursuant to an executed confidentiality agreement that constitutes an Acceptable Confidentiality Agreement (a copy of which
confidentiality agreement shall be promptly (in all events within two Business Days) provided for informational purposes to GWW); (iii)
following receipt of and on account of a Superior Proposal, make a Giga Adverse Recommendation Change; and/or (iv) take any action
that any court of competent jurisdiction orders such party to take (which order remains unstayed), but in each case referred to in the
foregoing clauses (i) and (ii), only if the Giga Board determines in good faith, after consultation with its financial advisors and outside
legal counsel, that such actions could lead to or would reasonably be expected to result in a Superior Proposal or could reasonably be
expected to result in a Superior Proposal. Nothing contained herein shall prevent the Giga Board from disclosing to its stockholders a
position contemplated by Rule 14d-9 and Rule 14e-2(a) promulgated under the Exchange Act with regard to a Takeover Proposal, if the Giga
Board determines, after consultation with its financial advisors and outside legal counsel, that failure to disclose such position would
cause its board to be in breach of its fiduciary duties under applicable Law.

 

(c)       Notification
to BitNile. The Giga Board shall not take any of the actions referred to in clauses (i) through (iv) of Section 6.05(b) unless Giga
shall have delivered to BitNile prior written notice advising BitNile that it intends to take such action. Giga shall notify BitNile promptly
(but in no event later than two Business Days) after Giga obtains Knowledge of its receipt (or any of its Representatives’ receipt)
of any Takeover Proposal, any inquiry that could reasonably be expected to lead to a Takeover Proposal, any request for non-public information
relating to such party or any of its Subsidiaries or for access to the business, properties, assets, books, or records of such party or
any of its Subsidiaries by any third party. In such notice, Giga shall identify the third party making, and details of the material terms
and conditions of, any such Takeover Proposal, indication or request, including any proposed financing. Giga shall keep BitNile fully
informed, on a current basis, of the status and material terms of any such Takeover Proposal, indication or request, including any material
amendments or proposed amendments as to price, proposed financing, and other material terms thereof. Giga shall provide BitNile with at
least 48 hours prior notice of any meeting of the Giga Board, or any committee thereof (or such lesser notice as is provided to the members
of the Giga Board or committee thereof) at which the Giga Board, or any committee thereof, is reasonably expected to consider any Takeover
Proposal. Giga shall promptly provide BitNile with a list of any non-public information concerning Giga or any of its Subsidiaries’
business, present or future performance, financial condition, or results of operations, provided to any third party, and, to the extent
such information has not been previously provided to the other party, copies of such information.

 

    	 		 

    	 

    

 

(d)       Adverse
Recommendation Change or Acquisition Agreement. Except as expressly permitted by this Section 6.05, the Giga Board shall not effect
a Giga Adverse Recommendation Change; or enter into (or permit any of its respective Subsidiaries to enter into) an Acquisition Agreement.
Notwithstanding the foregoing, at any time: (i) prior to the receipt of the Requisite Giga Vote, the Giga Board may effect a Giga Adverse
Recommendation Change or enter into (or permit any Subsidiary to enter into) an Acquisition Agreement that did not result from a breach
of this Section 6.05, if (A) Giga promptly notifies BitNile, in writing, at least three Business Days (the “Superior Proposal
Notice Period”) before making a Giga Adverse Recommendation Change, as applicable, or entering into (or causing one of its Subsidiaries
to enter into) an Acquisition Agreement, of its intention to take such action with respect to a Superior Proposal, which notice shall
state expressly that Giga has received a Takeover Proposal that the Giga Board (or a committee thereof) intends to declare a Superior
Proposal and that it intends to effect a Giga Adverse Recommendation Change, and/or Giga intends to enter into an Acquisition Agreement,
(B) Giga specifies the identity of the party making the Superior Proposal and the material terms and conditions thereof in such notice
and includes an unredacted copy of the Takeover Proposal and attaches to such notice the most current version of any proposed agreement
and any related documents including financing documents, to the extent provided by the relevant party in connection with the Superior
Proposal, (C) Giga shall, and shall cause its Representatives to, during the Superior Proposal Notice Period, negotiate with the GWW and
BitNile in good faith to make such adjustments in the terms and conditions of this Agreement so that such Takeover Proposal ceases to
constitute a Superior Proposal, if GWW and BitNile, in their discretion, propose to make such adjustments (it being agreed that in the
event that, after commencement of the Superior Proposal Notice Period, there is any material revision to the terms of a Superior Proposal,
including, any revision in price or financing, the Superior Proposal Notice Period shall be extended, if applicable, to ensure that at
least three (3) Business Days remains in the Superior Proposal Notice Period subsequent to the time such party notifies the other party
of any such material revision (it being understood that there may be multiple extensions)), and (D) the Giga Board (or a committee thereof)
determines in good faith, after consulting with its financial advisors and outside legal counsel, that such Takeover Proposal continues
to constitute a Superior Proposal (after taking into account any adjustments made by the other party during the Superior Proposal Notice
Period in the terms and conditions of this Agreement).

 

Section
6.06  Preparation of Proxy Statement.

 

(a)       Proxy
Statement. In connection with the Giga Stockholders Meeting of the Consent Solicitation, as soon as reasonably practicable following
the Effective Date, Giga shall prepare and file the Proxy Statement with the SEC in preliminary form and, subject to the Exchange Act,
the rules of the SEC thereunder and any comments or actions of the staff of the SEC, in definitive form as soon as practicable thereafter,
in each case, pursuant to and in accordance with this Section 6.06. GWW shall prepare and furnish such information relating to it, its
Subsidiaries and its directors, officers and shareholders as may be reasonably required in connection with the Proxy Statement based on
GWW’s knowledge of and access to the information required for said documents, and GWW and BitNile, and their respective legal, financial
and accounting advisors, shall have the right, in accordance with Section 6.06(c), to review in advance, comment on, and approve (i) both
the preliminary and definitive forms of the Proxy Statement, (ii) any amendments or supplements thereto, and (iii) any written communications
with the SEC in connection therewith, in each case, prior to prior to filing by Giga. GWW agrees to cooperate with Giga and Giga’s
counsel in connection with the preparation of the preliminary and definitive Proxy Statement.

 

    	 		 

    	 

    

 

(b)       Furnishing
of Information. Giga and GWW shall furnish to the other party all information concerning such Person and its Affiliates required by
the Exchange Act to be set forth in the Proxy Statement. Each of Giga and GWW shall promptly correct any information provided by it for
use in the Proxy Statement if and to the extent that such information shall have become false or misleading in any material respect. Each
of Giga and GWW shall take all steps necessary to amend or supplement the Proxy Statement, as applicable, and Giga shall cause the Proxy
Statement, as so amended or supplemented, to be filed with the SEC and disseminated to the Giga Stockholders to the extent required by
applicable Law.

 

(c)       SEC
Comments. Giga shall promptly provide GWW, BitNile, and their respective counsel with any comments or other communications, whether
written or oral, Giga, or its counsel, may receive from the SEC or its staff with respect to the Proxy Statement promptly after the receipt
of such comments. Prior to the filing of both the preliminary and definitive forms of the Proxy Statement with the SEC (including in each
case any amendment or supplement thereto) or the dissemination thereof to the Giga Stockholders, or responding to any comments of the
SEC with respect to the both the preliminary and definitive forms of the Proxy Statement, Giga shall provide GWW, BitNile, and their respective
counsel a reasonable opportunity to review and comment on such Proxy Statement, or response (including the proposed final version thereof),
and Giga shall not file either the preliminary or definitive forms of the Proxy Statement with the SEC without the prior written approval
of GWW and BitNile.

 

Section
6.07  Giga Stockholders Meeting.  Giga shall take all action
necessary to duly call, give notice of, convene, and hold the Giga Stockholders Meeting as soon as reasonably practicable for the purposes
of seeking the necessary approvals of the Giga Stockholders for the adoption and approval of: (a) this Agreement and the Share Exchange;
(b) a reverse split of Giga Common Stock (within a range to be determined by Giga and GWW); (c) Giga’s reincorporation in Delaware;
(d) an amendment to Giga’s Articles of Incorporation increasing the number of authorized shares of Giga Common Stock to 100 million
shares; and (e) a proposal to adjourn the Giga Stockholders Meeting to allow Giga to solicit additional proxies supporting the foregoing
proposals, if necessary (the “Giga Shareholder Proposals”) and, in connection therewith, Giga shall mail the Proxy
Statement to the Giga Stockholders in advance of such meeting promptly after the SEC has advised Giga’s counsel that it has no further
comments to the Proxy Statement. The Proxy Statement shall include the Giga Board Recommendation. Notwithstanding anything in this Agreement
to the contrary, in lieu of holding a meeting, Giga may take action by consent as permitted by the Rules of the SEC and the CGCL (the
“Consent Solicitation”), in which case Giga shall mail the Proxy Statement seeking written consents to the Giga Stockholders.
Giga shall use reasonable best efforts to: (a) solicit from the necessary Giga Stockholders proxies (or in the case of a Consent Solicitation,
written consents) in favor of the adoption of this Agreement and approval of the Share Exchange and the approval of the other Giga Shareholder
Proposals, including the engagement of a solicitation agent, that is reasonably acceptable to GWW and BitNile; and (b) take all other
actions necessary or advisable to secure the vote or consent of the Giga Stockholders required by applicable Law to obtain such approval.
Giga shall keep GWW and BitNile updated with respect to proxy or consent solicitation results as requested GWW or BitNile. Once the Giga
Stockholders Meeting has been called and noticed, Giga shall not postpone or adjourn the Giga Stockholders Meeting without the prior written
consent of GWW and BitNile, other than in order to obtain a quorum of the Giga Stockholders.

 

    	 		 

    	 

    

 

Section
6.08  Notices of Certain Events. Subject to applicable Law, each
of Giga, GWW and BitNile shall notify the other parties hereto promptly of: (a) any notice or other communication from any Person alleging
that the consent of such Person is or may be required in connection with the transactions contemplated by this Agreement; (b) any notice
or other communication from any Governmental Authority in connection with the transactions contemplated by this Agreement; and (c) any
event, change, or effect between the Effective Date and the Closing which individually or in the aggregate causes or is reasonably likely
to cause or constitute: (i) a material breach of any of its representations, warranties, or covenants contained herein; or (ii) the failure
of any of the conditions set forth in Article VII of this Agreement to be satisfied; provided that, any failure to give notice in accordance
with the foregoing with respect to any breach shall not be deemed to constitute a violation of this Section 6.08 or the failure of any
condition set forth in Article VII to be satisfied, or otherwise constitute a breach of this Agreement by the party failing to give such
notice, in each case unless the underlying breach would independently result in a failure of the conditions set forth in Article VII to
be satisfied; and provided, further, that the delivery of any notice pursuant to this Section 6.08 shall not cure any breach of, or noncompliance
with, any other provision of this Agreement or limit the remedies available to the party receiving such notice.

 

Section
6.09  Reasonable Best Efforts. 

 

(a)       Governmental
and Other Third-Party Approval; Cooperation and Notification. Upon the terms and subject to the conditions set forth in this Agreement
(including those contained in this Section 6.09), each of the parties hereto shall, and shall cause its Subsidiaries to, use its respective
reasonable best efforts to take, or cause to be taken, all actions, and to do, or cause to be done, and to assist and cooperate with the
other parties in doing, all things necessary, proper, or advisable to consummate and make effective, and to satisfy all conditions to,
(and in any event no later than the End Date), the Share Exchange and the other transactions contemplated by this Agreement, including:
(i) the obtaining of all necessary Permits, waivers, and actions or non-actions from Governmental Entities and the making of all necessary
registrations, filings, and notifications (including filings with Governmental Entities) and the taking of all steps as may be necessary
to obtain an approval or waiver from, or to avoid an action or proceeding by, any Governmental Entities; (ii) the obtaining of all necessary
consents or waivers from third parties; and (iii) the execution and delivery of any additional instruments necessary to consummate the
Share Exchange and to fully carry out the purposes of this Agreement. Giga and GWW shall, subject to applicable Law, promptly: (A) cooperate
and coordinate with the other in the taking of the actions contemplated by clauses (i), (ii), and (iii) immediately above; and (B) supply
the other with any information that may be reasonably required in order to effectuate the taking of such actions. Each party hereto shall
promptly inform the other party or parties hereto, as the case may be, of any communication from any Governmental Authority regarding
any of the transactions contemplated by this Agreement. If Giga, on the one hand, or GWW, on the other hand, receives a request for additional
information or documentary material from any Governmental Authority with respect to the transactions contemplated by this Agreement, then
it shall use reasonable best efforts to make, or cause to be made, as soon as reasonably practicable and after consultation with the other
party, an appropriate response in compliance with such request, and, if permitted by applicable Law and by any applicable Governmental
Authority, provide the other party’s counsel with advance notice and the opportunity to attend and participate in any meeting with
any Governmental Authority in respect of any filing made thereto in connection with the transactions contemplated by this Agreement.

 

    	 		 

    	 

    

 

(b)       Actions
or Proceedings. In the event that any administrative or judicial action or proceeding is instituted (or threatened to be instituted)
by a Governmental Authority or private party challenging the Share Exchange or any other transaction contemplated by this Agreement, or
any other agreement contemplated hereby, Giga shall cooperate in all respects with GWW and shall use its reasonable best efforts to contest
and resist any such action or proceeding and to have vacated, lifted, reversed, or overturned any Order, whether temporary, preliminary,
or permanent, that is in effect and that prohibits, prevents, or restricts consummation of the transactions contemplated by this Agreement.
Notwithstanding anything in this Agreement to the contrary, none GWW, or any of its respective Affiliates shall be required to defend,
contest, or resist any action or proceeding, whether judicial or administrative, or to take any action to have vacated, lifted, reversed,
or overturned any Order, in connection with the transactions contemplated by this Agreement.

 

Section
6.10  Public Announcements. The initial press release with respect
to this Agreement and the transactions contemplated hereby shall be a release agreed to by Giga, GWW and BitNile. Thereafter, each of
Giga and GWW agrees that no public release, statement, announcement, or other disclosure concerning the Share Exchange and the other transactions
contemplated hereby shall be issued by any party without the prior written consent of the other party (which consent shall not be unreasonably
withheld, conditioned, or delayed), except as may be required by: (a) applicable Law, (b) court process, (c) the rules or regulations
of any applicable United States securities exchange, or (d) any Governmental Authority to which the relevant party is subject or submits;
provided, in each such case, that the party making the release, statement, announcement, or other disclosure shall use its reasonable
best efforts to allow the other party reasonable time to comment on such release, statement, announcement, or other disclosure in advance
of such issuance. Notwithstanding the foregoing, the restrictions set forth in this Section 6.10 shall not apply to any release, statement,
announcement, or other disclosure made with respect to the Share Exchange and the other transactions contemplated hereby that is substantially
similar (and identical in any material respect) to those in a previous release, statement, announcement, or other disclosure made by Giga
or GWW in accordance with this Section 6.10.

 

Section
6.11  Anti-Takeover Statutes. If any “control share acquisition,”
“fair price,” “moratorium,” or other anti-takeover Law becomes or is deemed to be applicable to Giga or GWW relating
to the Share Exchange, then each of Giga and the Giga Board on the one hand, and GWW and the GWW Board on the other hand, shall grant
such approvals and take such actions as are necessary so that the transactions contemplated hereby may be consummated as promptly as practicable
on the terms contemplated hereby and otherwise act to render such anti-takeover Law inapplicable to the foregoing. Giga shall prior to
the Closing terminate the Rights Plan.

 

    	 		 

    	 

    

 

Section
6.12  Stockholder Litigation. Giga shall promptly advise GWW in writing after becoming aware of any Legal Proceeding commenced,
or to Giga’s Knowledge threatened, against Giga or any of its directors by any stockholder of Giga (on their own behalf or on behalf
of Giga) relating to this Agreement or the transactions contemplated hereby (including the Share Exchange and the other transactions contemplated
hereby) and shall keep GWW reasonably informed regarding any such Legal Proceeding. Giga shall: (a) give GWW the opportunity to participate
in the defense and settlement of any such stockholder litigation at its own expense, (b) keep GWW reasonably apprised on a prompt basis
of proposed strategy and other significant decisions with respect to any such stockholder litigation, and provide GWW with the opportunity
to consult with Giga regarding the defense of any such litigation, which advice Giga shall consider in good faith, and (c) not settle
any such stockholder litigation without the prior written consent of GWW.

 

Section
6.13   Governance. Prior to the Closing, the Giga Board shall (a) secure the resignations of all but three (3) of
the directors of Giga (the “Continuing Directors”), such resignations to be effective as of and subject to the Closing,
(b) increase the number of authorized director positions on the Giga Board from five (5) to seven (7), effective as of and subject to
the Closing, (c) cause four (4) individuals designated by GWW to be elected or appointed as directors of the Giga Board and (d) cause
the officers of Giga to be those persons listed on Schedule 6.13. Subject to their fiduciary duties, the Giga Board shall cause
the Continuing Directors to be nominated for reelection to the Giga Board at the first annual meeting of shareholders, shall include the
Continuing Directors as the Giga Board’s nominees in the proxy materials for such meeting, and shall solicit proxies in favor of
such election. The Continuing Directors shall receive the same compensation, indemnification, insurance, advancement of expenses and other
similar compensatory rights in connection with his or her role as a non-employee director as the other non-employee members of the Giga
Board and shall be entitled to reimbursement for reasonable out-of-pocket expenses incurred in attending meetings of the Giga Board or
any committee thereof, to the same extent as the other non-employee members of the Giga Board. For avoidance of doubt, the four individuals
designated by GWW shall consist of the four directors that BitNile is entitled to appoint to the Giga Board pursuant to the terms of the
Series F.

 

Section
6.14  Balance Sheet. Prior to the Closing, GWW shall have no liabilities, contingent or otherwise,
owed or payable to BitNile or any of its Subsidiaries (other than any Subsidiaries that are Subsidiaries of GWW) except as provided on
Schedule 6.14. 

 

Section
6.15  Closing Date Loan. At the Closing, BitNile and Giga shall enter into the loan documents
to be negotiated by Giga and BitNile with respect to the Closing Date Loan, and BitNile shall fund the Closing Date Loan in accordance
with the terms of such loan documents.

 

Section
6.16  Repayment of Secured Term Note. If this Agreement is terminated by Giga pursuant to any
of Section 8.01, Section 8.02 Section 8.03 or Section 8.04 below, then Giga shall no later than the Business Day following notice of such
termination repay the principal and accrued but unpaid interest under that certain Secured Promissory Note (the “Term
Note”) in the principal amount of $500,000 dated November 12, 2021, provided that such Term
Note remains outstanding at such time.

 

    	 		 

    	 

    

 

ARTICLE VII

Conditions

 

Section
7.01  Conditions to Each Party’s Obligation to Effect the Share Exchange.
The respective obligations of each party to this Agreement to effect the Share Exchange is subject to the satisfaction or waiver (where
permissible pursuant to applicable Law) on or prior to the Closing of each of the following conditions:

 

(a)       Giga
Stockholder Approval. The Share Exchange shall have been duly approved by the Requisite Giga Vote.

 

(b)       Dissenting
Shares. Holders of not more than 10% of Giga’s outstanding shares of common stock shall have properly exercised and not withdrawn
their dissenter’s rights of appraisal pursuant to Chapter 13 of the CGCL.

 

(c)       No
Injunctions, Restraints, or Illegality. No Governmental Authority having jurisdiction over any party hereto shall have enacted, issued,
promulgated, enforced, or entered any Laws or Orders, whether temporary, preliminary, or permanent, that make illegal, enjoin or otherwise
prohibit consummation of the Share Exchange, or the other transactions contemplated by this Agreement.

 

Section
7.02  Conditions to Obligations of BitNile. The obligations of BitNile to effect
the Share Exchange are also subject to the satisfaction or waiver (where permissible pursuant to applicable Law) by BitNile on or prior
to the Closing of the following conditions:

 

(a)       Representations
and Warranties. The representations and warranties of Giga and GWW set forth in Article III and Article IV of this Agreement shall
be true and correct in all respects (without giving effect to any limitation indicated by the words “in all material respects,”
“in any material respect,” “material,” or “materially”) as of the Effective Date and as of the Closing
Date, as if made on and as of such date (except those representations and warranties that address matters only as of a particular date,
which shall be true and correct in all respects as of that date), except where the failure of such representations and warranties to be
so true and correct would not reasonably be expected to have, individually or in the aggregate, a GWW Material Adverse Effect (except
for those representations and warranties in Sections 3.01, 3.02, 3.03, 4.01, 4.02 and 4.03, which shall be true and correct in all material
respects).

 

(b)       Performance
of Covenants. Giga shall have performed in all material respects all obligations, and complied in all material respects with the agreements
and covenants, in this Agreement required to be performed by or complied with by it at or prior to the Closing, including, without limitation,
termination of the Rights Plan.

 

(c)       Giga
Material Adverse Effect. Since the Effective Date, there shall not have been any Giga Material Adverse Effect or any event, change,
or effect that would, individually or in the aggregate, reasonably be expected to have a Giga Material Adverse Effect.

 

(d)       Holders
of Preferred Giga Stock. Each of the Persons listed on Schedule 3.02(a) who owns Giga Preferred Stock, in the amounts and on
the terms set forth on Schedule 3.02(a), shall have entered into an agreement with Giga, in form and substance satisfactory to
GWW and BitNile, agreeing to sell to Giga, whether by redemption or otherwise, all of the Giga Preferred Stock owned by such Person following
the Offering, which agreement shall not be conditioned by any action to be taken by such holder of Giga Preferred Stock.

 

    	 		 

    	 

    

 

(e)       Delivery
of Exchange Shares. BitNile shall have received all of the Exchange Shares in book entry form, free and clear of all Liens.

 

(f)       Assumption
of GWW Stock Plan Grants. Giga shall have assumed grants under the GWW Stock Plan to GWW’s Chief Executive Officer and Chief
Operating Officer and issued such persons Giga restricted stock or restricted stock units and stock options with the terms reflected on
Schedule 2.03.

 

(g)       Officers’
Certificate. GWW shall have received (1) a certificate, signed by the chief executive officer or chief financial officer of Giga,
certifying as to the matters set forth in Sections 7.02(a)-(f) hereof and (2) a certificate signed by the an officer of BitNile certifying
the accuracy of the Closing Balance Sheet of GWW (which shall confirm the elimination of intercompany obligations in accordance with Section
6.14 of this Agreement) and confirming the absence of any material changes to the Closing Balance Sheet from the date thereof through
the Closing Date (other than changes resulting from the conduct of GWW’s business in the ordinary course consistent with past practice
and the terms of this Agreement).

 

Section
7.03  Conditions to Obligation of Giga.
The obligation of Giga to effect the Share Exchange is also subject to the satisfaction or waiver by Giga on or prior to the Closing of
the following conditions:

 

(a)       Representations
and Warranties. The representations and warranties of (i) GWW set forth in Article IV of this Agreement, and (ii) BitNile set forth
in Article IV of this Agreement, shall be true and correct in all respects (without giving effect to any limitation indicated by the words
“in all material respects,” “in any material respect,” “material,” or “materially”) as
of the Effective Date and as of the Closing Date, as if made on and as of such date (except those representations and warranties that
address matters only as of a particular date, which shall be true and correct in all respects as of that date), except where the failure
of such representations and warranties to be so true and correct would not reasonably be expected to have, individually or in the aggregate,
a GWW Material Adverse Effect (except for those representations and warranties in Sections 4.01, 4.02, 4.03, 5.01, 5.02 and 5.03 which
shall be true and correct in all material respects).

 

(b)       Performance
of Covenants. Each of GWW and BitNile shall have performed in all material respects all obligations, and complied in all material
respects with the agreements and covenants, of this Agreement required to be performed by or complied with by them at or prior to the
Closing.

 

(c)       GWW
Material Adverse Effect. Since the Effective Date, there shall not have been any GWW Material Adverse Effect or any event, change,
or effect that would, individually or in the aggregate, reasonably be expected to have an GWW Material Adverse Effect.

 

    	 		 

    	 

    

 

(d)       Delivery
of GWW Shares. Giga shall have received a stock power or other instrument of transfer, duly executed in blank, evidencing all of the
GWW Shares, free and clear of all Liens.

 

(e)       Officers’
Certificates. Giga shall have received (1) a certificate, signed by the chief executive officer and chief financial officer of GWW,
certifying as to the matters set forth in Sections 7.03(a)-(d) hereof. and (2) a certificate signed by the an officer of BitNile certifying
the accuracy of the Closing Balance Sheet of GWW (which shall confirm the elimination of intercompany obligations in accordance with Section
6.14 of this Agreement) and confirming the absence of any material changes to the Closing Balance Sheet from the date thereof through
the Closing Date (other than changes resulting from the conduct of GWW’s business in the ordinary course consistent with past practice
and the terms of this Agreement).

 

(f)       Closing
Loans. BitNile and Giga shall have entered into the Closing Date Loan. All conditions to the GWW’s stockholder’s funding
of the Closing Date Loan shall have been satisfied or waived, such that BitNile shall lend the full principal amount of the Closing Date
Loan on the Closing Date in accordance with the terms thereof.

 

(g)       Delivery
of Audited Financial Statements. GWW shall have delivered to Giga the GWW 2020 Audited Financial Statements.

 

Section
7.04  Frustration of Closing Conditions. Neither Giga, GWW nor BitNile may rely, as a basis for not consummating the
Share Exchange or the other transactions contemplated by this Agreement, on the failure of any condition set forth in Section 7.01, Section
7.02, or Section 7.03, as the case may be, to be satisfied if such failure was caused by such party’s breach in any material respect
of any provision of this Agreement.

 

ARTICLE VIII

Termination, Amendment, and Waiver

 

Section
8.01  Termination by Mutual Consent. This Agreement may be terminated at any time prior to the Closing (whether before or
after the receipt of the Requisite Giga Vote) by the mutual written consent of Giga and GWW.

 

Section
8.02  Termination by Either BitNile or Giga.
This Agreement may be terminated by BitNile or Giga at any time prior to the Closing (whether before or after the receipt of the Requisite
Giga Vote):

 

(a)       if
the Share Exchange has not been consummated on or before June 30, 2022 (the “End Date”); provided, however,
that the right to terminate this Agreement pursuant to this Section 8.02(a) shall not be available to any party whose breach of any representation,
warranty, covenant, or agreement set forth in this Agreement has been the principal cause of, or that resulted in, the failure of the
Share Exchange to be consummated on or before the End Date;

 

    	 		 

    	 

    

 

(b)       if
any Governmental Authority of competent jurisdiction shall have enacted, issued, promulgated, enforced, or entered any Law or Order making
illegal, permanently enjoining, or otherwise permanently prohibiting the consummation of the Share Exchange, or the other transactions
contemplated by this Agreement, and such Law or Order shall have become final and non-appealable; provided, however, that the right to
terminate this Agreement pursuant to this Section 8.02(b) shall not be available to any party whose material breach of any representation,
warranty, covenant, or agreement set forth in this Agreement has been the principal cause of, or that resulted in, the issuance, promulgation,
enforcement, or entry of any such Law or Order; or

 

(c)       if
the Share Exchange has been submitted to the stockholders of Giga for approval at a duly convened Giga Stockholders Meeting and the Requisite
Giga Vote shall not have been obtained at such meeting (unless such Giga Stockholders Meeting has been adjourned or postponed, in which
case at the final adjournment or postponement thereof).

 

Section
8.03  Termination by BitNile. This Agreement may be terminated by BitNile at any time prior to the Closing:

 

(a)       at
any time prior to the Giga Shareholder Approval, by action of the by written notice to Giga, in the event (i) Giga shall have breached
in any material respect Section 6.05(a) (Takeover Proposals); (ii) the Giga Board shall have effected a Change of Recommendation; (iii)
at any time after the end of ten (10) Business Days following receipt of a Takeover Proposal, the Giga Board shall have failed to reaffirm
the Giga Board Recommendation as promptly as practicable (but in any event within five (5) Business Days) after receipt of any written
request to do so by BitNile; or (iv) a tender offer or exchange offer for outstanding shares of Giga Common Stock shall have been publicly
disclosed (other than by BitNile or an Affiliate of BitNile) and the Giga Board recommends that its shareholders tender their shares in
such tender or exchange offer or, within ten (10) Business Days after the commencement of such tender or exchange offer, the Giga Board
fails to recommend unequivocally against acceptance of such offer.

 

(b)       if
there shall have been a breach of any representation, warranty, covenant, or agreement on the part of Giga set forth in this Agreement
such that the conditions to the Closing of the Share Exchange set forth in Section 7.02(a) or Section 7.02(b), as applicable, would not
be satisfied and, in either such case, such breach is incapable of being cured by the End Date; provided, that BitNile shall have
given Giga at least 30 days written notice prior to such termination stating BitNile’s intention to terminate this Agreement pursuant
to this Section 8.03(a).

 

Section
8.04  Termination by Giga.
This Agreement may be terminated by Giga at any time prior to the Closing:

 

(a)       if
prior to the receipt of the Requisite Giga Vote at the Giga Stockholders Meeting, the Giga Board authorizes Giga, to the extent permitted
by and subject to full compliance with the applicable terms and conditions of this Agreement, including Section 6.05 hereof, to enter
into an Acquisition Agreement (other than an Acceptable Confidentiality Agreement); provided, that in the event of such termination,
Giga substantially concurrently enters into such Acquisition Agreement; or

 

    	 		 

    	 

    

 

(b)       if
there shall have been a breach of any representation, warranty, covenant, or agreement on the part of GWW or BitNile set forth in this
Agreement such that the conditions to the Closing of the Share Exchange set forth in Section 7.03(a) or Section 7.03(b), as applicable,
would not be satisfied and, in either such case, such breach is incapable of being cured by the End Date; provided, that Giga shall have
given GWW and BitNile at least 30 days written notice prior to such termination stating Giga’s intention to terminate this Agreement
pursuant to this Section 8.04(b) if such breach is capable of cure; provided further, that Giga shall not have the right to terminate
this Agreement pursuant to this Section 8.04(b) if Giga is then in material breach of any representation, warranty, covenant, or obligation
hereunder that would cause any condition set forth in Section 7.02(a) or Section 7.02(b) not to be satisfied.

 

Section
8.05  Notice of Termination; Effect of Termination. The party
desiring to terminate this Agreement pursuant to this Article VIII (other than pursuant to Section 8.01) shall deliver written notice
of such termination to each other party hereto specifying with particularity the reason for such termination, and any such termination
in accordance with this Section 8.05 shall be effective immediately upon delivery of such written notice to the other party. If this Agreement
is terminated pursuant to this Article VIII, it will become void and of no further force and effect, with no liability on the part of
any party to this Agreement (or any stockholder, director, officer, employee, agent, or Representative of such party) to any other party
hereto, except: (a) with respect to Section 6.05(b), this Section 8.05, Section 8.06, Section 8.07 and Article IX (and any related definitions
contained in any such Sections or Article), which shall remain in full force and effect; and (b) with respect to any liabilities or damages
incurred or suffered by a party, to the extent such liabilities or damages were the result of fraud or the breach by another party of
any of its representations, warranties, covenants, or other agreements set forth in this Agreement.

 

Section
8.06  Amendment. At any time prior to the Closing, this Agreement
may be amended or supplemented in any and all respects, whether before or after receipt of the Requisite Giga Vote, by written agreement
signed by each of the parties hereto; provided, however, that: (a) following the receipt of the Requisite Giga Vote, there shall be no
amendment or supplement to the provisions of this Agreement which by Law would require further approval by the holders of Giga Common
Stock without such approval; and (b) there shall be no amendment or supplement to the provisions of this Agreement which by Law would
require further approval by BitNile without such approval.

 

Section
8.07  Termination Fee.  Giga shall pay GWW a non-refundable fee in the amount of $1,000,000 in cash (the “Termination
Fee”) within two Business Days in the event of any of the following:

 

(a)       in
the event that (i) a bona fide Takeover Proposal shall have been made to Giga or the Giga Stockholders generally or any Person shall have
publicly announced an intention (whether or not conditional) to make an Takeover Proposal with respect to Giga; (ii) thereafter this Agreement
is terminated by either BitNile or Giga pursuant to (A) Section 8.02(a) for failure of the Share Exchange to be consummated by the End
Date or (B) Section 8.02(c), and, in either case, the GIGA Stockholder Approval has not been obtained; and (iii) within twelve (12) months
of the termination of this Agreement, Giga enters into a definitive agreement with respect to or consummates a Takeover Proposal; provided,
that for purposes of this Section 8.07(a), the references to “15%” in the definition of “Takeover Proposal” shall
instead refer to “50.1%”;

 

    	 		 

    	 

    

 

(b)       this
Agreement is terminated by BitNile pursuant to Section 8.03(a); or

 

(c)       this
Agreement is terminated by Giga pursuant to Section 8.04(a).

 

Section
8.08  Extension; Waiver. At any time prior to the Closing, GWW and BitNile, on the one hand, or Giga, on the other hand,
may: (a) extend the time for the performance of any of the obligations of the other party(ies); (b) waive any inaccuracies in the representations
and warranties of the other party(ies) contained in this Agreement or in any document delivered under this Agreement; or (c) unless prohibited
by applicable Law, waive compliance with any of the covenants, agreements, or conditions contained in this Agreement. Any agreement on
the part of a party to any extension or waiver will be valid only if set forth in an instrument in writing signed by such party. The failure
of any party to assert any of its rights under this Agreement or otherwise will not constitute a waiver of such rights.

 

ARTICLE IX

Miscellaneous

 

Section
9.01  Disclosure Schedules.

 

(a)       Except
as otherwise provided in the Schedules attached hereto (the “Schedules”), which are incorporated herein and made a
part of this Agreement, all capitalized terms used therein shall have the meanings assigned to them in this Agreement. The inclusion of
any information in the Schedules will not be deemed an admission or acknowledgment that such information is required to be listed in the
Schedules or that such items are material. The Schedules are arranged in sections corresponding to the sections contained in this Agreement
merely for convenience, and the disclosure of an item in one section of the Schedules as an exception to a particular covenant, agreement,
representation or warranty shall be deemed adequately disclosed as an exception with respect to all other covenants, agreements, representations
and warranties to the extent that the relevance of such item to such other covenants, agreements, representations or warranties is reasonably
apparent on its face without independent knowledge of the reader, notwithstanding the presence or absence of an appropriate cross-reference
thereto.

 

(b)       Notwithstanding
anything to the contrary herein, from time to time prior to the Closing, each party may at its option supplement or amend and deliver
updates to any Schedule that has been rendered inaccurate or incomplete since the Effective Date solely as a result of matters or events
first occurring after the Effective Date as necessary to complete or correct any information in such Schedules. The updating party shall
provide the other party with any such supplement or amendment by written notice (each, a “Schedule Update”). If the
matters identified in a Schedule Update, individually or collectively with matters identified in any other Schedule Update, constitute
a Material Adverse Effect, then the party in receipt of such Schedule Update may, at any time within three Business Days following their
receipt of any such Schedule Update, elect to terminate this Agreement pursuant to Article VIII. If the receiving party does not so timely
elect (subject to the preceding sentence with respect to the cumulative effect of matters identified in all Schedule Updates, whether
prior to or after the Schedule Update in question), the Schedule Update shall be deemed to have amended the appropriate Schedule or Schedules
as of the Effective Date, and shall be deemed to have qualified the applicable representations and warranties contained in this Agreement
as of the Effective Date, and to have cured any misrepresentation or breach of warranty that otherwise might have existed hereunder by
reason of the existence of such matter, subject to the succeeding sentence.

 

    	 		 

    	 

    

 

Section
9.02  Interpretation;
Construction. 

 

(a)       The
Recitals, each Exhibit and the Schedules are hereby incorporated into and made a part of this Agreement by reference. The headings herein
are for convenience of reference only, do not constitute part of this Agreement and shall not be deemed to limit or otherwise affect any
of the provisions hereof. Unless the context otherwise requires, references herein: (i) to “Article(s),” “Section(s),”
“Exhibit(s)” and “Schedules” refer to the corresponding article(s), section(s), exhibit(s) and schedule(s) of
or to this Agreement; (ii) to “Schedule(s)” refer to the corresponding Schedule(s) of the Disclosure Schedules; (iii) to an
agreement, instrument, or other document means such agreement, instrument, or other document as amended, supplemented, and modified from
time to time to the extent permitted by the provisions thereof; and (iv) to a statute means such statute as amended from time to time
and includes any successor legislation thereto and any regulations promulgated thereunder. Whenever the words “include,” “includes,”
or “including” are used in this Agreement, they shall be deemed to be followed by the words “without limitation,”
and the word “or” is not exclusive. The word “extent” in the phrase “to the extent” means the degree
to which a subject or other thing extends, and does not simply mean “if.” A reference in this Agreement to $ or dollars is
to U.S. dollars. The definitions of terms herein shall apply equally to the singular and plural forms of the terms defined. The words
“hereof,” “herein,” “hereby,” “hereto,” and “hereunder” and words of similar
import when used in this Agreement shall refer to this Agreement as a whole and not to any particular provision of this Agreement. References
to “this Agreement” shall include the Schedules.

 

(b)       The
parties have participated jointly in negotiating and drafting this Agreement. In the event that an ambiguity or a question of intent or
interpretation arises, this Agreement shall be construed as if drafted jointly by the parties, and no presumption or burden of proof shall
arise favoring or disfavoring any party by virtue of the authorship of any provision of this Agreement. 

 

Section
9.03  Survival. The representations and warranties contained in this Agreement and in in any instrument delivered under this
Agreement will survive the Closing for a period of 18 months. This Section 9.03 does not limit any covenant or agreement of the parties
contained in this Agreement which, by its terms, contemplates performance after the Closing. The Confidentiality Agreement will survive
termination of this Agreement in accordance with its terms.

 

Section
9.04  Governing Law. This Agreement and all Legal Proceedings (whether based on
contract, tort, or statute) arising out of, relating to, or in connection with this Agreement or the actions of any of the parties hereto
in the negotiation, administration, performance, or enforcement hereof, shall be governed by and construed in accordance with the internal
laws of the State of Delaware without giving effect to any choice or conflict of law provision or rule (whether of the State of Delaware
or any other jurisdiction) that would cause the application of Laws of any jurisdiction other than those of the State of Delaware.

 

    	 		 

    	 

    

 

Section
9.05  Submission to Jurisdiction. Each of the parties hereto irrevocably agrees that any Legal Proceeding with respect to
this Agreement and the rights and obligations arising hereunder, or for recognition and enforcement of any judgment in respect of this
Agreement and the rights and obligations arising hereunder brought by any other party hereto or its successors or assigns shall be brought
and determined exclusively in the federal or state court located in the New York County, New York. Each of the parties hereto hereby irrevocably
submits with regard to any such Legal Proceeding for itself and in respect of its property, generally and unconditionally, to the personal
jurisdiction of the aforesaid courts and agrees that it will not bring any Legal Proceeding relating to this Agreement or any of the transactions
contemplated by this Agreement in any court or tribunal other than the aforesaid courts. Each of the parties hereto hereby irrevocably
waives, and agrees not to assert, by way of motion, as a defense, counterclaim, or otherwise, in any Legal Proceeding with respect to
this Agreement and the rights and obligations arising hereunder, or for recognition and enforcement of any judgment in respect of this
Agreement and the rights and obligations arising hereunder: (a) any claim that it is not personally subject to the jurisdiction of the
above named courts for any reason other than the failure to serve process in accordance with this Section 9.05; (b) any claim that it
or its property is exempt or immune from jurisdiction of any such court or from any legal process commenced in such courts (whether through
service of notice, attachment prior to judgment, attachment in aid of execution of judgment, execution of judgment or otherwise); and
(c) to the fullest extent permitted by the applicable Law, any claim that (i) the suit, action, or proceeding in such court is brought
in an inconvenient forum, (ii) the venue of such suit, action, or proceeding is improper, or (iii) this Agreement, or the subject matter
hereof, may not be enforced in or by such courts.

 

Section
9.06  Waiver of Jury Trial. EACH PARTY ACKNOWLEDGES AND AGREES THAT ANY CONTROVERSY WHICH MAY ARISE UNDER THIS AGREEMENT
IS LIKELY TO INVOLVE COMPLICATED AND DIFFICULT ISSUES AND, THEREFORE, EACH SUCH PARTY IRREVOCABLY AND UNCONDITIONALLY WAIVES ANY RIGHT
IT MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY LEGAL ACTION ARISING OUT OF OR RELATING TO THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED
BY THIS AGREEMENT. EACH PARTY TO THIS AGREEMENT CERTIFIES AND ACKNOWLEDGES THAT: (A) NO REPRESENTATIVE OF ANY OTHER PARTY HAS REPRESENTED,
EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT SEEK TO ENFORCE THE FOREGOING WAIVER IN THE EVENT OF A LEGAL ACTION; (B) SUCH
PARTY HAS CONSIDERED THE IMPLICATIONS OF THIS WAIVER; (C) SUCH PARTY MAKES THIS WAIVER VOLUNTARILY; AND (D) SUCH PARTY HAS BEEN INDUCED
TO ENTER INTO THIS AGREEMENT BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS Section
9.06.

 

    	 		 

    	 

    

 

Section
9.07  Notices. All notices, requests, consents, claims, demands,
waivers, and other communications hereunder shall be in writing and shall be deemed to have been given upon the earlier of actual receipt
or (a) when delivered by hand providing proof of delivery; (b) when received by the addressee if sent by a nationally recognized overnight
courier (receipt requested); or (c) on the date sent by email if sent during normal business hours of the recipient, and on the next Business
Day if sent after normal business hours of the recipient. Such communications must be sent to the respective parties at the following
addresses (or to such other Persons or at such other address for a party as shall be specified in a notice given in accordance with this
Section 9.07):

 

	If to GWW:	
    Gresham Worldwide, Inc., 

    7150 E. Camelback Road, Suite 444

    Scottsdale, AZ 85251

    Attn:  Jonathan Read, CEO

    Email:  JRead@greshamwww.com

     

	with a copy (which will not constitute notice to GWW) to:	
    Nason, Yeager, Gerson, Harris
    & Fumero, P.A.

    3001
    PGA Boulevard, Suite 305

    Palm Beach Gardens, FL 33410

    Attn:  Michael D. Harris

    Email:  MHarris@nasonyeager.com

     

	If to GWW:	
    BitNile Holdings, Inc.

    11411 Southern Highlands Parkway, Suite 240

    Las Vegas, NV 89141

    Attn:  William Horne, CEO

    Email:  Will@aultglobal.com

     

	with a copy (which will not constitute notice to BitNile) to:	
    Henry Nisser, Esq.

    100 Park Avenue, 16th Floor, Suite 1658A

    New York, NY 10017

    Email: Henry@aultglobal.com

     

	If to Giga:	
    Giga-tronics Incorporated

    5990 Gleason Drive

    Dublin, CA 94568

    Attn:  Lutz Henckels

    Email:  lhenckels@gigatronics.com

     

	with a copy (which will not constitute notice to Giga) to:	
    Sheppard, Mullin, Richter
    & Hampton LLP

    Four Embarcadero Center, 17th Floor

    San Francisco, CA 94111

    Attn:  David J. Gershon

    Email:  DGershon@sheppardmullin.com

     

   

    	 		 

    	 

    

   

Section
9.08  Entire Agreement. This
Agreement (including all “Exhibit(s)” and “Schedules” referred to herein), and the Confidentiality Agreement constitute
the entire agreement among the parties with respect to the subject matter of this Agreement and supersede all other prior agreements and
understandings, both written and oral, among the parties to this Agreement with respect to the subject matter of this Agreement. In the
event of any inconsistency between the statements in the body of this Agreement (other than an exception expressly set forth as such in
the Schedules) or the Confidentiality Agreement, the statements in the body of this Agreement will control.

 

Section
9.09  Expenses. Except as otherwise provided
for in Section 8.07, each party hereto will bear all expenses incurred by it in connection with this Agreement and the transactions contemplated
hereby, including the Offering, and including fees and expenses of its own financial consultants, accountants and counsel, provided that
nothing contained herein shall limit either party’s rights to recover any liabilities or damages arising out of the other party’s
fraud or willful breach of any provision of this Agreement.

 

Section
9.10  Adjustments. If, between the Effective
Date and the Closing, the shares of Giga Common Stock or GWW Common Stock shall be changed into a different number or class of shares
by reason of any reclassification, recapitalization, split-up, combination, exchange of shares or readjustment, or a stock dividend thereon
shall be declared with a record date within said period, the amounts of such shall be appropriately adjusted for the purposes of applying
Section 2.01 and the affected Schedules to this Agreement.

 

Section
9.11  Alternative Structure. Notwithstanding
any provision of this Agreement to the contrary, the Parties may at any time modify the structure of Giga’s acquisition of GWW,
provided that the consideration to be paid to BitNile is not thereby changed in kind or reduced in amount as a result of such modification.
In the event the parties elect to make such a change, the parties agree to execute appropriate documents to reflect the change. 

 

Section
9.12  No Third-Party Beneficiaries. Except as provided in Section 6.10 hereof (which shall be to the benefit of the Persons
referred to in such section), this Agreement is for the sole benefit of the parties hereto and their permitted assigns and respective
successors and nothing herein, express or implied, is intended to or shall confer upon any other Person or entity any legal or equitable
right, benefit, or remedy of any nature whatsoever under or by reason of this Agreement.

 

Section
9.13  Severability. If any term or provision of this Agreement is invalid, illegal, or unenforceable in any jurisdiction,
such invalidity, illegality, or unenforceability shall not affect any other term or provision of this Agreement or invalidate or render
unenforceable such term or provision in any other jurisdiction. Upon such determination that any term or other provision is invalid, illegal,
or unenforceable, the parties hereto shall negotiate in good faith to modify this Agreement so as to effect the original intent of the
parties as closely as possible in a mutually acceptable manner in order that the transactions contemplated hereby be consummated as originally
contemplated to the greatest extent possible.

 

Section
9.14  Assignment. This Agreement shall be binding upon and shall inure to the benefit of the parties hereto and their respective
successors and permitted assigns. Neither GWW or BitNile, on the one hand, nor Giga on the other hand, may assign its rights or obligations
hereunder without the prior written consent of the other party(ies). No assignment shall relieve the assigning party of any of its obligations
hereunder.

 

    	 		 

    	 

    

 

Section
9.15  Remedies Cumulative. Except as otherwise provided in this Agreement, any and all remedies expressly conferred upon
a party to this Agreement will be cumulative with, and not exclusive of, any other remedy contained in this Agreement, at Law, or in equity.
The exercise by a party to this Agreement of any one remedy will not preclude the exercise by it of any other remedy.

 

Section 9.16  Specific
Performance.

 

(a)       The
parties hereto agree that irreparable damage would occur if any provision of this Agreement were not performed in accordance with the
terms hereof and that the parties shall be entitled to an injunction or injunctions to prevent breaches or threatened breaches of this
Agreement or to enforce specifically the performance of the terms and provisions hereof, in addition to any other remedy to which they
are entitled at Law or in equity.

 

(b)       Each
party further agrees that: (i) no such party will oppose the granting of an injunction or specific performance as provided herein on the
basis that the other party has an adequate remedy at law or that an award of specific performance is not an appropriate remedy for any
reason at law or equity; (ii) no such party will oppose the specific performance of the terms and provisions of this Agreement; and (iii)
no other party or any other Person shall be required to obtain, furnish, or post any bond or similar instrument in connection with or
as a condition to obtaining any remedy referred to in this Section 9.16, and each party irrevocably waives any right it may have to require
the obtaining, furnishing, or posting of any such bond or similar instrument.

 

Section
9.17  Counterparts; Effectiveness. This Agreement may be executed in any number of counterparts, all of which will be one
and the same agreement. This Agreement will become effective when each party to this Agreement will have received counterparts signed
by all of the other parties.

 

[signature page follows]

 

    	 		 

    	 

    

 

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

 

 

	 	GIGA: 	 
	 	 	 	 
	 	 	 	 
	 	Giga-tronics Incorporated,	 
	 	a California corporation	 
	 	 	 	 
	 	 	 	 
	 	By:	 	 
	 	Name:	John Regazzi	 
	 	Title:	President and Chief Executive Officer	 
	 	 	 	 
	 	 	 	 
	 	GWW:	 
	 	 	 	 
	 	 	 	 
	 	Gresham Worldwide, Inc.,	 
	 	a Delaware corporation	 
	 	 	 	 
	 	 	 	 
	 	By:	 	 
	 	Name:	Jonathan Read	 
	 	Title:	Chief Executive Officer	 
	 	 	 	 
	 	 	 	 
	 	BitNile:	 
	 	 	 
	 	 	 
	 	BitNile Holdings, Inc.,	 
	 	a Delaware corporation	 
	 	 	 	 
	 	 	 	 
	 	By:	 	 
	 	Name:	William Horne	 
	 	Title:	Chief Executive Officer	 

 

 

Signature Page to Share Exchange AgreementEX-10.1

  Exhibit 10.1

   

   

  Execution Version

   

   

  	 

  AMENDED AND RESTATED CREDIT AGREEMENT

  Dated as of december 21, 2021

  among

  BENCHMARK ELECTRONICS, INC.,

  as the COMPANY,

  CERTAIN SUBSIDIARIES OF THE COMPANY,

  as Designated Borrowers,

  BANK OF AMERICA, N.A.,

  as Administrative Agent, Swingline Lender and

  AN L/C Issuer,

   

  bank of the west, AS SYNDICATION AGENT,
 

  TRUIST BANK (f/k/a branch banking and trust company)

  AND wells fargo bank, n.a., AS co-DOCUMENTATION AGENTs,
 

  and
 

  THE LENDERS PARTY HERETO

   

  BOFA SECURITIES, INC. AND BANK OF THE WEST,

  as JOINT Lead ArrangerS and JOINT BookrunnerS

   

  	 

   

   

   

   

  

  table of contents

  Page

  		
	ARTICLE I	DEFINITIONS AND ACCOUNTING TERMS
	1

	1.01	Defined Terms
	1

	1.02	Other Interpretive Provisions
	49

	1.03	Accounting Terms
	50

	1.04	Rounding
	51

	1.05	Times of Day
	51

	1.06	Letter of Credit Amounts
	51

	1.07	UCC Terms
	51

	1.08	Exchange Rates; Currency Equivalents
	51

	1.09	Additional Alternative Currencies
	52

	1.10	Change of Currency
	53

	1.11	Divisions
	54

	ARTICLE II	COMMITMENTS AND CREDIT EXTENSIONS
	54

	2.01	Loans
	54

	2.02	Borrowings, Conversions and Continuations of Loans
	54

	2.03	Letters of Credit
	57

	2.04	Swingline Loans
	67

	2.05	Prepayments
	70

	2.06	Termination or Reduction of Commitments
	72

	2.07	Repayment of Loans
	73

	2.08	Interest and Default Rate
	74

	2.09	Fees
	75

	2.10	Computation of Interest and Fees; Retroactive Adjustments of Applicable Rate
	75

	2.11	Evidence of Debt
	76

	2.12	Payments Generally; Administrative Agent’s Clawback
	77

	2.13	Sharing of Payments by Lenders
	79

	2.14	Cash Collateral
	80

	2.15	Defaulting Lenders
	81

	2.16	Designated Borrowers
	84

	2.17	Increase in Revolving Facility
	85

	2.18	Incremental Term Facility
	86

   

  -i-

   

  

  table of contents
(continued)

  Page

  		
	2.19	Sustainability Adjustments
	88

	ARTICLE III	TAXES, YIELD PROTECTION AND ILLEGALITY
	89

	3.01	Taxes
	89

	3.02	Illegality
	94

	3.03	Inability to Determine Rates
	95

	3.04	Increased Costs; Reserves on Eurodollar Rate Loans
	99

	3.05	Compensation for Losses
	101

	3.06	Mitigation Obligations; Replacement of Lenders
	101

	3.07	Survival
	102

	ARTICLE IV	CONDITIONS PRECEDENT TO CREDIT EXTENSIONS
	102

	4.01	Conditions of Initial Credit Extension
	102

	4.02	Conditions to all Credit Extensions
	105

	ARTICLE V	REPRESENTATIONS AND WARRANTIES
	106

	5.01	Existence, Qualification and Power
	106

	5.02	Authorization; No Contravention
	107

	5.03	Governmental Authorization; Other Consents
	107

	5.04	Binding Effect
	107

	5.05	Financial Statements; No Material Adverse Effect
	107

	5.06	Litigation
	108

	5.07	No Default
	108

	5.08	Ownership of Property
	108

	5.09	Environmental Compliance
	109

	5.10	Insurance
	109

	5.11	Taxes
	109

	5.12	ERISA Compliance
	110

	5.13	Margin Regulations; Investment Company Act
	110

	5.14	Disclosure
	110

	5.15	Compliance with Laws
	111

	5.16	Solvency
	111

	5.17	Sanctions Concerns and Anti-Corruption Laws
	111

	5.18	Subsidiaries; Equity Interests; Loan Parties
	111

   

  -ii-

   

  

  table of contents
(continued)

  Page

  		
	5.19	Collateral Representations
	112

	5.20	Affected Financial Institutions
	112

	5.21	Intellectual Property; Licenses, Etc
	113

	5.22	Labor Matters
	113

	5.23	Beneficial Ownership Certification
	113

	5.24	Smart Electronics
	113

	ARTICLE VI	AFFIRMATIVE COVENANTS
	113

	6.01	Financial Statements
	114

	6.02	Certificates; Other Information
	114

	6.03	Notices
	117

	6.04	Payment of Obligations
	118

	6.05	Preservation of Existence, Etc
	118

	6.06	Maintenance of Properties
	118

	6.07	Maintenance of Insurance
	118

	6.08	Compliance with Laws
	119

	6.09	Books and Records
	119

	6.10	Inspection and Audit Rights
	119

	6.11	Use of Proceeds
	119

	6.12	Material Contracts
	120

	6.13	Covenant to Guarantee Obligations
	120

	6.14	Covenant to Give Security
	120

	6.15	Ownership of Subsidiaries
	122

	6.16	Further Assurances
	122

	6.17	Anti-Corruption Laws
	123

	6.18	KYC and Beneficial Ownership Regulation Documentation
	123

	6.19	Unrestricted Subsidiaries
	123

	ARTICLE VII	NEGATIVE COVENANTS
	123

	7.01	Liens
	123

	7.02	Indebtedness
	125

	7.03	Investments
	127

	7.04	Fundamental Changes
	129

   

  -iii-

   

  

  table of contents
(continued)

  Page

  		
	7.05	Dispositions
	130

	7.06	Restricted Payments; Certain Payments in Respect of Indebtedness
	131

	7.07	Change in Nature of Business
	132

	7.08	Transactions with Affiliates
	132

	7.09	Burdensome Agreements
	132

	7.10	Use of Proceeds
	133

	7.11	Financial Covenants
	133

	7.12	Amendments of Organization Documents; Fiscal Year; Legal Name, State of Formation; Form of Entity and Accounting Changes
	133

	7.13	Sale and Leaseback Transactions
	134

	7.14	Sanctions
	134

	7.15	Anti-Corruption Laws
	134

	7.16	Amendment of Material Documents
	134

	7.17	Required Guarantors
	134

	ARTICLE VIII	EVENTS OF DEFAULT AND REMEDIES
	135

	8.01	Events of Default
	135

	8.02	Remedies upon Event of Default
	137

	8.03	Application of Funds
	138

	ARTICLE IX	ADMINISTRATIVE AGENT
	139

	9.01	Appointment and Authority
	139

	9.02	Rights as a Lender
	140

	9.03	Exculpatory Provisions
	140

	9.04	Reliance by Administrative Agent
	141

	9.05	Delegation of Duties
	142

	9.06	Resignation of Administrative Agent
	142

	9.07	Non-Reliance on Administrative Agent and Other Lenders
	143

	9.08	No Other Duties, Etc
	144

	9.09	Administrative Agent May File Proofs of Claim; Credit Bidding
	144

	9.10	Collateral and Guaranty Matters
	145

	9.11	Secured Cash Management Agreements and Secured Hedge Agreements
	146

	9.12	ERISA Representation
	147

   

  -iv-

   

  

  table of contents
(continued)

  Page

  		
	9.13	Recovery of Erroneous Payments
	149

	ARTICLE X	MISCELLANEOUS
	149

	10.01 Amendments, Etc
	149

	10.02 Notices; Effectiveness; Electronic Communications
	152

	10.03 No Waiver; Cumulative Remedies; Enforcement
	154

	10.04 Expenses; Indemnity; Damage Waiver
	154

	10.05 Payments Set Aside
	156

	10.06 Successors and Assigns
	157

	10.07 Treatment of Certain Information; Confidentiality
	162

	10.08 Right of Setoff
	163

	10.09 Interest Rate Limitation
	164

	10.10 Counterparts; Integration; Effectiveness
	164

	10.11 Survival of Representations and Warranties
	164

	10.12 Severability
	165

	10.13 Replacement of Lenders
	165

	10.14 Governing Law; Jurisdiction; Etc
	166

	10.15 Waiver of Jury Trial
	167

	10.16 No Advisory or Fiduciary Responsibility
	167

	10.17 Electronic Execution
	168

	10.18 USA PATRIOT Act Notice
	169

	10.19 Keepwell
	169

	10.20 Acknowledgement and Consent to Bail-In of Affected Financial Institutions
	169

	10.21 Judgment Currency
	170

	10.22 ENTIRE AGREEMENT
	170

	10.23 Acknowledgement Regarding Any Supported QFCs
	171

	10.24 Amendment and Restatement; Exiting Lenders, Assignment and Reallocation
	171

   

  -v-

   

  

  table of contents
(continued)

  BORROWER PREPARED SCHEDULES

  Schedule 5.10 Insurance

  Schedule 5.11 Tax Sharing Agreements

  Schedule 5.18(a) Subsidiaries, Joint Ventures, Partnerships and Other Equity Investments

  Schedule 5.18(b) Loan Parties

  Schedule 5.19(b) Intellectual Property

  Schedule 5.19(c) Commercial Tort Claims

  Schedule 5.19(d) Pledged Equity Interests

  Schedule 7.01 Existing Liens

  Schedule 7.02 Existing Indebtedness

  Schedule 7.03 Existing Investments

  Schedule 7.09 Burdensome Agreements

  ADMINISTRATIVE AGENT PREPARED SCHEDULES

  Schedule 1.01(a)  Certain Addresses for Notices

  Schedule 1.01(b) Initial Commitments and Applicable Percentages

  Schedule 1.01(d) Existing Letters of Credit

  EXHIBITS

  Exhibit A Form of Administrative Questionnaire

  Exhibit B Form of Assignment and Assumption

  Exhibit C Form of Compliance Certificate

  Exhibit D Form of Loan Notice

  Exhibit E-1 Form of Revolving Note

  Exhibit E-2 Form of Term Note

  Exhibit F Form of Secured Party Designation Notice

  Exhibit G Form of Swingline Loan Notice

  Exhibit H Forms of U.S. Tax Compliance Certificates

  Exhibit I Form of Authorization to Share Insurance Information

  Exhibit J Form of Notice of Loan Prepayment

  Exhibit K Form of Letter of Credit Report

  Exhibit L Designated Borrower Request and Assumption Agreement

  Exhibit M Designated Borrower Notice

  Exhibit N Form of Notice of Additional L/C Issuer 

  -vi-

   

  

   

  AMENDED AND RESTATED CREDIT AGREEMENT

  This AMENDED AND RESTATED CREDIT AGREEMENT is entered into as of December 21, 2021, among Benchmark Electronics, Inc., a Texas corporation (the “Company”), certain Subsidiaries of the Company party hereto pursuant to Section 2.16 (each a “Designated Borrower” and, together with the Company, the “Borrowers” and each a “Borrower”), the Lenders (defined herein), and BANK OF AMERICA, N.A., as Administrative Agent, Swingline Lender and a L/C Issuer.

  PRELIMINARY STATEMENTS:

  WHEREAS, the Borrowers, the Administrative Agent and the lenders party thereto (the “Existing Lenders”) have previously entered into that certain Credit Agreement dated as of July 20. 2018 (as heretofore amended, the “Existing Credit Agreement”), pursuant to which such lenders have made certain loans and advances to the Borrower.

  WHEREAS, the Borrowers have requested certain modifications to the Existing Credit Agreement, and the Administrative Agent and the Lenders have indicated their willingness to amend and restate the Existing Credit Agreement on the terms and subject to the conditions set forth herein.

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

  ARTICLE I
DEFINITIONS AND ACCOUNTING TERMS

  1.01	Defined Terms.

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

  “Acquisition” means the acquisition, whether through a single transaction or a series of related transactions, of (a) a majority of the Voting Stock or other Controlling ownership interest in another Person (including the purchase of an option, warrant or convertible or similar type security to acquire such a Controlling interest at the time it becomes exercisable by the holder thereof), whether by purchase of such equity or other ownership interest or upon the exercise of an option or warrant for, or conversion of securities into, such equity or other ownership interest, or (b) assets of another Person which constitute all or substantially all of the assets of such Person or of a division, line of business or other business unit of such Person.

  “Additional Secured Obligations” means (a) all obligations arising under Secured Cash Management Agreements and Secured Hedge Agreements and (b) all costs and expenses incurred in connection with enforcement and collection of the foregoing, including the fees, charges and disbursements of counsel, in each case whether direct or indirect (including those acquired by assumption), absolute or contingent, due or to become due, now existing or hereafter arising and including interest, expenses and fees that accrue after the commencement by or against any Loan Party or any Affiliate thereof of any proceeding under any Debtor Relief Laws naming such Person as the debtor in such proceeding, regardless of whether such interest, expenses and fees are allowed 

  -1-

   

   

  

   

  claims in such proceeding; provided that Additional Secured Obligations of a Loan Party shall exclude any Excluded Swap Obligations with respect to such Loan Party.

  “Administrative Agent” means Bank of America in its capacity as administrative agent under any of the Loan Documents, or any successor administrative agent.

  “Administrative Agent’s Office” means, with respect to any currency, the Administrative Agent’s address and, as appropriate, account as set forth on Schedule 1.01(a) with respect to such currency, or such other address or account with respect to such currency as the Administrative Agent may from time to time notify the Company and the Lenders.

  “Administrative Questionnaire” means an Administrative Questionnaire in substantially the form of Exhibit A or any other form approved by the Administrative Agent.

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

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

  “Agreement” means this Credit Agreement.

  “Agreement Currency” has the meaning specified in Section 10.21.

  “Alternative Currency” means Euro and each other currency (other than Dollars) that is approved in accordance with Section 1.09; provided that for each Alternative Currency, such requested currency is an Eligible Currency.

  “Alternative Currency Conforming Changes” means, with respect to the use, administration of or any proposed Successor Rate for an Alternative Currency, any conforming changes to the definitions of “Interest Period”, timing and frequency of determining rates and making payments of interest and other technical, administrative or operational matters (including, for the avoidance of doubt, the definition of “Business Day”, timing of borrowing requests or prepayment, conversion or continuation notices and length of lookback periods) as may be appropriate, in the discretion of the Administrative Agent, to reflect the adoption and implementation of such applicable rate(s) and to permit the administration thereof by the Administrative Agent in a manner substantially consistent with market practice for such Alternative Currency (or, if the Administrative Agent determines that adoption of any portion of such market practice is not administratively feasible or that no market practice for the administration of such rate for such Alternative Currency exists, in such other manner of administration as the Administrative Agent determines is reasonably necessary in connection with the administration of this Agreement and any other Loan Document).

  “Alternative Currency Daily Rate” means, for any day, with respect to any Credit Extension denominated in an Alternative Currency to the extent such Loans denominated in such currency will bear interest at a daily rate, the daily rate per annum as designated with respect to such Alternative Currency at the time such Alternative Currency is approved by the Administrative 

  -2-

   

   

  

   

  Agent and the relevant Lenders pursuant to Section 1.09(a) plus the adjustment (if any) determined by the Administrative Agent and the relevant Lenders pursuant to Section 1.09(a); provided that, if any Alternative Currency Daily Rate shall be less than zero, such rate shall be deemed zero for purposes of this Agreement.  Any change in an Alternative Currency Daily Rate shall be effective from and including the date of such change without further notice.

  “Alternative Currency Daily Rate Loan” means a Loan that bears interest at a rate based on the definition of “Alternative Currency Daily Rate.”  All Alternative Currency Daily Rate Loans must be denominated in an Alternative Currency. 

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

  “Alternative Currency Loan” means an Alternative Currency Daily Rate Loan or an Alternative Currency Term Rate Loan, as applicable.

  “Alternative Currency Sublimit” means an amount equal to the lesser of the aggregate Revolving Commitments and $20,000,000.  The Alternative Currency Sublimit is part of, and not in addition to, the aggregate Revolving Commitments.

  “Alternative Currency Term Rate” means, for any Interest Period, with respect to any Credit Extension:

  (a)	denominated in Euros, the rate per annum equal to the Euro Interbank Offered Rate (“EURIBOR”), as published on the applicable Reuters screen page (or such other commercially available source providing such quotations as may be designated by the Administrative Agent from time to time) on the day that is two TARGET Days preceding the first day of such Interest Period with a term equivalent to such Interest Period; and 

  (b)	denominated in any other Alternative Currency (to the extent such Loans denominated in such currency will bear interest at a term rate), the term rate per annum as designated with respect to such Alternative Currency at the time such Alternative Currency is approved by the Administrative Agent and the relevant Lenders pursuant to Section 1.09(a) plus the adjustment (if any) determined by the Administrative Agent and the relevant Lenders pursuant to Section 1.09(a); 

  provided that if any Alternative Currency Term Rate shall be less than zero, such rate shall be deemed zero for purposes of this Agreement.

  “Alternative Currency Term Rate Loan” means a Loan that bears interest at a rate based on the definition of “Alternative Currency Term Rate.”  All Alternative Currency Term Rate Loans must be denominated in an Alternative Currency.

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  “Applicable Authority” means with respect to any Alternative Currency, the applicable administrator for the Relevant Rate for such Alternative Currency or any Governmental Authority having jurisdiction over the Administrative Agent or such administrator.

  “Applicable Percentage” means (a) in respect of the Term Facility, with respect to any Term Lender at any time, the percentage (carried out to the ninth decimal place) of the Term Facility represented by the outstanding principal amount of such Term Lender’s Term Loans at such time, and (b) in respect of the Revolving Facility, with respect to any Revolving Lender at any time, the percentage (carried out to the ninth decimal place) of the Revolving Facility represented by such Revolving Lender’s Revolving Commitment at such time, subject to adjustment as provided in Section 2.17.  If the Revolving Commitment of all of the Revolving Lenders to make Revolving Loans and the obligation of the L/C Issuers to make L/C Credit Extensions have been terminated pursuant to Section 8.02, or if the Revolving Commitments have expired, then the Applicable Percentage of each Revolving Lender in respect of the Revolving Facility shall be determined based on the Applicable Percentage of such Revolving Lender in respect of the Revolving Facility most recently in effect, giving effect to any subsequent assignments.  The Applicable Percentage of each Lender in respect of each Facility is set forth opposite the name of such Lender on Schedule 1.01(b) or in the Assignment and Assumption pursuant to which such Lender becomes a party hereto or in any documentation executed by such Lender pursuant to Section 2.17 or Section 2.18, as applicable.

  “Applicable Rate” means, for any day, the rate per annum set forth below opposite the applicable Level then in effect (based on the Consolidated Net Leverage Ratio), it being understood that the Applicable Rate for (a) Revolving Loans and that portion of Term Loans that are comprised of Base Rate Loans shall be the percentage set forth under the column “Base Rate”, (b) Revolving Loans and that portion of Term Loans that are comprised Eurodollar Rate Loans and Alternative Currency Loans shall be the percentage set forth under the column “Eurodollar Rate, Alternative Currency Rates & Letter of Credit Fee”, (c) the Letter of Credit Fee shall be the percentage set forth under the column “Eurodollar Rate, Alternative Currency Rates & Letter of Credit Fee”, and (d) the Commitment Fee shall be the percentage set forth under the column “Commitment Fee”:

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	Applicable Rate

	Level
	Consolidated Net Leverage Ratio
	Eurodollar Rate, Alternative Currency Rates & Letter of Credit Fee
	Base Rate
	Commitment Fee

	1
	Less than 1.25x
	1.00%
	0.00%
	0.150%

	2
	Greater than or equal to 1.25x but less than 1.75x
	1.25%
	0.25%
	0.175%

	3
	Greater than or equal to 1.75x but less than 2.25x
	1.375%
	0.375%
	0.225%

	4
	Greater than or equal to 2.25x but less than 3.00x
	1.75%
	0.75%
	0.275%

	5
	Greater than or equal to 3.00x 
	2.00%
	1.00%
	0.300%

   

  Any increase or decrease in the Applicable Rate resulting from a change in the Consolidated Net Leverage Ratio shall become effective as of the first Business Day immediately following the date a Compliance Certificate is delivered pursuant to Section 6.02(a); provided, however, that if a Compliance Certificate is not delivered when due in accordance with such Section, then, upon the request of the Required Lenders, Pricing Level 5 shall apply, in each case as of the first Business Day after the date on which such Compliance Certificate was required to have been delivered and in each case shall remain in effect until the first Business Day following the date on which such Compliance Certificate is delivered.  

  Notwithstanding anything to the contrary contained in this definition, (a) the determination of the Applicable Rate for any period shall be subject to the provisions of Section 2.10(b) and (b) the initial Applicable Rate shall be set forth in Level 1 until the first Business Day immediately following the date a Compliance Certificate is delivered pursuant to Section 6.02(a) for the first full fiscal quarter to occur following the Closing Date to the Administrative Agent.  Any adjustment in the Applicable Rate shall be applicable to all Credit Extensions then existing or subsequently made or issued.

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

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

  “Applicant Borrower” has the meaning specified in Section 2.16.

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  “Appropriate Lender” means, at any time, (a) with respect to the Revolving Facility, a Lender that has a Revolving Commitment or holds a Revolving Loan at such time, (b) with respect to the Term Facility, a Lender that holds a Term Loan at such time, (c) with respect to the Letter of Credit Sublimit, (i) the L/C Issuers and (ii) if any Letters of Credit have been issued pursuant to Section 2.03, the Revolving Lenders and (d) with respect to the Swingline Sublimit, (i) the Swingline Lender and (ii) if any Swingline Loans are outstanding pursuant to Section 2.04(a), the Revolving Lenders.

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

  “Arrangers” means (a) BofA Securities, Inc. (or any other registered broker-dealer wholly-owned by Bank of America Corporation to which all or substantially all of Bank of America Corporation’s or any of its subsidiaries’ investment banking, commercial lending services or related businesses may be transferred following the date of this Agreement) and (b) Bank of the West, in each case in its capacity as a joint lead arranger and a joint bookrunner.

  “Assignment and Assumption” means an assignment and assumption entered into by a Lender and an Eligible Assignee (with the consent of any party whose consent is required by Section 10.06(b)), and accepted by the Administrative Agent, in substantially the form of Exhibit B or any other form (including an electronic documentation form generated by use of an electronic platform) approved by the Administrative Agent.

  “Audited Financial Statements” means the audited Consolidated balance sheet of the Company and its Subsidiaries for the fiscal year ended December 31, 2020, and the related Consolidated statements of income or operations, shareholders’ equity and cash flows for such fiscal year of the Company and its Subsidiaries, including the notes thereto.

  “Authorization to Share Insurance Information” means the authorization substantially in the form of Exhibit I (or such other form as required by each of the Loan Party’s insurance companies).

  “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.

  “Availability Period” means in respect of the Revolving Facility, the period from and including the Closing Date to the earliest of (i) the Maturity Date for the Revolving Facility, (ii) the date of termination of the Revolving Commitments pursuant to Section 2.06, and (iii) the date of termination of the Revolving Commitment of each Revolving Lender to make Revolving Loans and of the obligation of the L/C Issuers to make L/C Credit Extensions pursuant to Section 8.02.

  “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.

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  “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, rule, regulation 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).

  “Bank of America” means Bank of America, N.A. and its successors.

  “Base Rate” means for any day a fluctuating rate of interest per annum equal to the highest of (a) the Federal Funds Rate plus 0.50%, (b) the rate of interest in effect for such day as publicly announced from time to time by Bank of America as its “prime rate,” and (c) the Eurodollar Rate plus 1.00%, subject to the interest rate floors set forth therein; provided that if the Base Rate shall be less than zero, such rate shall be deemed zero for purposes of this Agreement.  The “prime rate” is a rate set by Bank of America based upon various factors including Bank of America’s costs and desired return, general economic conditions and other factors, and is used as a reference point for pricing some loans, which may be priced at, above, or below such announced rate.  Any change in such prime rate announced by Bank of America shall take effect at the opening of business on the day specified in the public announcement of such change.

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

  “Benchmark” means, initially, LIBOR; provided that if a replacement of the Benchmark has occurred pursuant to Section 3.03(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: 

  (a)	For purposes of Section 3.03(c)(i), the first alternative set forth below that can be determined by the Administrative Agent:

  (i)	the sum of: (i) Term SOFR and (ii) 0.11448% (11.448 basis points) for an Available Tenor of one-month’s duration, 0.26161% (26.161 basis points) for an Available Tenor of three-months’ duration, 0.42826% (42.826 basis points) for an Available Tenor of six-months’ duration, and 0.71513% (71.513 basis points) for an Available Tenor of twelve-months’ duration, or

  (ii)	the sum of: (i) Daily Simple SOFR and (ii) 0.26161% (26.161 basis points);

  provided that, if initially LIBOR is replaced with the rate contained in clause (a)(ii) above and subsequent to such replacement, the Administrative Agent determines that Term SOFR has become available and is administratively feasible for the Administrative Agent in its sole discretion, and the Administrative Agent notifies the Borrower Representative and each Lender of 

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  such availability, then from and after the beginning of the Interest Period, relevant interest payment date or payment period for interest calculated, in each case, commencing no less than thirty (30) days after the date of such notice, the Benchmark Replacement shall be as set forth in clause (a)(i) above; and

  (b)	for purposes of Section 3.03(c)(ii), 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 Borrowers as the replacement Benchmark giving due consideration to any evolving or then-prevailing market convention, including any applicable recommendations made by a Relevant Governmental Body, for Dollar-denominated syndicated credit facilities at such time; 

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

  Any Benchmark Replacement 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 Benchmark Replacement shall be applied in a manner as otherwise reasonably determined by the Administrative Agent.

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

  	“Benchmark Transition Event” means, with respect to any then-current Benchmark other than LIBOR, the occurrence of a public statement or publication of information by or on behalf of the administrator of the then-current Benchmark or a Governmental Authority with jurisdiction over such administrator announcing or stating that all Available Tenors are or will no longer be representative, or made available, or used for determining the interest rate of loans, or shall or will otherwise cease, provided that, at the time of such statement or publication, there is no successor administrator that is satisfactory to the Administrative Agent, that will continue to provide any representative tenors of such Benchmark after such specific date.

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

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

  “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 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”.

  “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.

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

  “Borrower Materials” has the meaning specified in Section 6.02.

  “Borrowing” means a Revolving Borrowing, a Swingline Borrowing or a Term Borrowing, as the context may require.

  “Business Day” means any day other than a Saturday, Sunday or other day on which commercial banks are authorized to close under the Laws of, or are in fact closed in, the state where the Administrative Agent’s Office is located and:

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

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

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

  “Capital Lease Obligations” of any Person means the obligations of such Person to pay rent or other amounts under any lease of (or other arrangement conveying the right to use) real or personal property, or a combination thereof, which obligations are required to be classified and accounted for as capital leases on a balance sheet of such Person under GAAP, and the amount of such obligations shall be the capitalized amount thereof determined in accordance with GAAP and any obligations of such Person under any synthetic lease financing whether or not such obligation is classified as a capital lease under GAAP.

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  “Cash Collateralize” means, to pledge and deposit with or deliver to the Administrative Agent, for the benefit of one or more of the L/C Issuers or Swingline Lender (as applicable) or the Lenders, as collateral for L/C Obligations, the Obligations in respect of Swingline Loans, or obligations of the Revolving Lenders to fund participations in respect of either thereof (as the context may require), (a) cash or deposit account balances, (b) backstop letters of credit entered into on terms, from issuers and in amounts satisfactory to the Administrative Agent and the applicable L/C Issuer, and/or (c) if the Administrative Agent and the applicable L/C Issuer or Swingline Lender shall agree, in their sole discretion, other credit support, in each case, in Dollars and pursuant to documentation in form and substance satisfactory to the Administrative Agent and such L/C Issuer or Swingline Lender (as applicable). “Cash Collateral” shall have a meaning correlative to the foregoing and shall include the proceeds of such cash collateral and other credit support.

  “Cash Interest Expense” means, for any Measurement Period, the sum of all cash (or cash equivalent) payments of interest and prepayment charges and dividend payments on Disqualified Stock, if any, including, without limitation, all net amounts payable (or receivable) under interest rate protection agreements and all imputed interest in respect of Capital Lease Obligations paid by the Company and its Restricted Subsidiaries on a Consolidated basis during such Measurement Period (net of any interest income); provided, that Cash Interest Expense shall exclude any one-time financing fees, including those paid in connection with the Transactions or any amendment of this Agreement.

  “Cash Management Agreement” means any agreement that is not prohibited by the terms hereof to provide treasury or cash management services, including deposit accounts, overnight draft, credit cards, debit cards, p-cards (including purchasing cards and commercial cards), funds transfer, automated clearinghouse, zero balance accounts, returned check concentration, controlled disbursement, lockbox, account reconciliation and reporting and trade finance services and other cash management services.

  “Cash Management Bank” means any Person in its capacity as a party to a Cash Management Agreement that, (a) at the time it enters into a Cash Management Agreement with a Loan Party or any Restricted Subsidiary, is a Lender or an Affiliate of a Lender, or (b) at the time it (or its Affiliate) becomes a Lender, is a party to a Cash Management Agreement with a Loan Party or any Restricted Subsidiary, in each case in its capacity as a party to such Cash Management Agreement (even if such Person ceases to be a Lender or such Person’s Affiliate ceased to be a Lender); provided, however, that for any of the foregoing to be included as a “Secured Cash Management Agreement” on any date of determination by the Administrative Agent, the applicable Cash Management Bank (other than the Administrative Agent or an Affiliate of the Administrative Agent) must have delivered a Secured Party Designation Notice to the Administrative Agent prior to such date of determination.

  “CFC” means a “controlled foreign corporation” within the meaning of section 957(a) of the Code.

  “CFC Holdco” means a Domestic Subsidiary that has no material assets other than capital stock of one or more Foreign Subsidiaries that are CFCs, including the indirect ownership of such Equity Interests through one or more Domestic Subsidiaries that have no other material assets.

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

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

  (a)	any “person” or “group” (as such terms are used in Sections 13(d) and 14(d) of the Securities Exchange Act of 1934, but excluding any employee benefit plan of such person or its subsidiaries, and any person or entity acting in its capacity as trustee, agent or other fiduciary or administrator of any such plan) becomes the “beneficial owner” (as defined in Rules 13d-3 and 13d-5 under the Securities Exchange Act of 1934, directly or indirectly, of 50% or more of the Equity Interests of the Company entitled to vote for members of the board of directors or equivalent governing body of the Company on a fully-diluted basis; or

  (b)	during any period of 12 consecutive months, a majority of the members of the board of directors or other equivalent governing body of the Company cease to be composed of individuals (i) who were members of that board or equivalent governing body on the first day of such period, (ii) whose election or nomination to that board or equivalent governing body was approved by individuals referred to in clause (i) above constituting at the time of such election or nomination at least a majority of that board or equivalent governing body or (iii) whose election or nomination to that board or other equivalent governing body was approved by individuals referred to in clauses (i) and (ii) above constituting at the time of such election or nomination at least a majority of that board or equivalent governing body; or

  (c)	a “change of control” or any comparable term under, and as defined in, any Subordinated Debt Documents or any other Material Indebtedness shall have occurred. 

  “Closing Date” means the date hereof.

  “Closing Date Term Loans” means the Term Loans outstanding on the Closing Date.

  “Code” means the Internal Revenue Code of 1986.

  “Collateral” means all of the “Collateral” referred to in the Collateral Documents and all of the other property that is or is intended under the terms of the Collateral Documents to be subject to Liens in favor of the Administrative Agent for the benefit of the Secured Parties.

  “Collateral Documents” means, collectively, the Security Agreement, each of the collateral assignments, security agreements, pledge agreements or other similar agreements delivered to the 

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  Administrative Agent pursuant to Section 6.14, and each of the other agreements, instruments or documents that creates or purports to create a Lien in favor of the Administrative Agent for the benefit of the Secured Parties.

  “Collateral Release Date” has the meaning set forth in Section 6.14(d).  

  “Collateral Trigger Event” means the first date on which two (or more) of the Rating Agencies no longer maintain an Investment Grade Rating.

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

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

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

  “Connection Income Taxes” means Other Connection Taxes that are imposed on or measured by net income (however denominated) or that are franchise Taxes or branch profits Taxes.

  “Consolidated” means, when used with reference to financial statements or financial statement items of the Company and its Subsidiaries or Restricted Subsidiaries, as applicable, or any other Person, such statements or items on a consolidated basis in accordance with the consolidation principles of GAAP.

  “Consolidated EBITDA” means, for the Company and its Restricted Subsidiaries for any Measurement Period, without duplication, the Consolidated Net Income for such Measurement Period plus, to the extent deducted in determining such Consolidated Net Income, (a) Cash Interest Expense, (b) depreciation and amortization, (c) other non-cash, non-recurring charges, (d) non-recurring cash charges (provided that the aggregate amount of any such charges added back pursuant to this clause (d) for any Measurement Period shall not exceed 15% of Consolidated EBITDA for such Measurement Period (which Consolidated EBITDA shall be determined prior to the addition of any such charges)), (e) income tax expense (including state franchise taxes based upon income) net of income tax receivables and (f) non-capitalized fees and expenses paid during such period which were incurred in connection with the Transactions and this Agreement plus, to the extent deducted or excluded in determining such Consolidated Net Income, cash distributions from Unrestricted Subsidiaries to the extent actually received by the Company or any Restricted Subsidiary. 

  “Consolidated Interest Coverage Ratio” means, as of any date of determination, the ratio of (a) Consolidated EBITDA for the most recently completed Measurement Period, calculated on a Pro Forma Basis, to (b) Cash Interest Expense for the most recently completed Measurement Period, calculated on a Pro Forma Basis.

  “Consolidated Net Income” means, for any Person for any period, the net income (or loss) of such Person and its subsidiaries during the most recently completed Measurement Period, calculated and consolidated or combined in accordance with GAAP; provided that there shall be excluded from such net income (to the extent otherwise included therein) the following: (a) any 

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  non-cash, non-recurring charges, (b) gains or losses attributable to property sales not in the ordinary course of business (as determined in good faith by the management of the Company), (c) the cumulative effect of a change in accounting principles and any gains or losses attributable to write-ups or write-downs of assets, (d) the net income (or loss) of any Person that is not a Restricted Subsidiary or that is accounted for by the equity method of accounting, provided that the income of such Person will be included to the extent of the amount of dividends or similar distributions paid in cash (or converted to cash) to the specified Person or a Restricted Subsidiary of the Person and (e) the net income (or loss) attributable to the minority equity interests of third parties in any non-Wholly Owned Subsidiary.

  “Consolidated Net Indebtedness” means, as of any date, (a) Consolidated Total Indebtedness minus (b) to the extent the following exceeds $30,000,000: the aggregate amount of (i) 100% of unrestricted cash and Permitted Investments of the Company and its Restricted Domestic Subsidiaries and (ii) 85% of unrestricted cash and Permitted Investments of Foreign Subsidiaries that are Restricted Subsidiaries (excluding any such cash or Permitted Investments held in any jurisdictions in which repatriation of such cash or Permitted Investment to the United States or conversion of such cash to Dollars would require approval under applicable Law or regulation in the jurisdiction where such cash is located), in each case calculated on a Consolidated basis as of such time; provided that for purposes of determining the Applicable Rate, the aggregate amount deducted pursuant to this clause (b) shall not exceed $50,000,000. 

  “Consolidated Net Leverage Ratio” means, as of any date of determination, the ratio of (a) Consolidated Net Indebtedness as of such date (after giving effect to any incurrence or prepayment of Indebtedness on such date) to (b) Consolidated EBITDA for the most recently completed Measurement Period, calculated on a Pro Forma Basis.

  “Consolidated Net Tangible Assets” means the total assets of the Company and its Restricted Subsidiaries less, without duplication, (a) intangible assets including, without limitation, goodwill, research and development costs, trademarks, trade names, patents, franchises, copyrights, licenses and like general intangibles, experimental or organizational expense, unamortized debt discount and expense carried as an asset, all reserves and any write-up in the book of value of assets made after the Closing Date (other than write-ups of assets of a going concern business made within 12 months after the acquisition of such business), net of accumulated amortization and (b) all reserves for depreciation and other asset valuation reserves (but excluding reserves for federal, state and other income taxes).  Consolidated Net Tangible Assets shall be determined on a Pro Forma Basis.

  “Consolidated Total Indebtedness” means, as of any date, the sum of (a) the aggregate principal amount of Indebtedness of the Company and its Restricted Subsidiaries outstanding as of such date, in the amount that would be reflected on a balance sheet prepared as of such date on a Consolidated basis in accordance with GAAP, plus (b) the aggregate principal amount of Indebtedness of the Company and its Restricted Subsidiaries outstanding as of such date that is not required to be reflected on a balance sheet in accordance with GAAP, determined on a Consolidated basis; provided that, for purposes of clause (b) above, the term “Indebtedness” shall not include contingent obligations of the Company or any Restricted Subsidiary as an account party in respect of any letter of credit or letter of guaranty unless such letter of credit or letter of guaranty supports an obligation that constitutes Indebtedness; provided that, for the avoidance of 

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  doubt, “Consolidated Total Indebtedness” shall not include any obligations of the Company or any Restricted Subsidiary in respect of Permitted Securitization Transactions.

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

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

  “Covered Entity” means any of the following:  (i) a “covered entity” as that term is defined in, and interpreted in accordance with, 12 C.F.R. § 252.82(b); (ii) a “covered bank” as that term is defined in, and interpreted in accordance with, 12 C.F.R. § 47.3(b); or (iii) a “covered FSI” as that term is defined in, and interpreted in accordance with, 12 C.F.R. § 382.2(b).

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

  “Daily Simple SOFR” with respect to any applicable determination date means the secured overnight financing rate (“SOFR”) published on such date by the Federal Reserve Bank of New York, as the administrator of the benchmark (or a successor administrator) on the Federal Reserve Bank of New York’s website (or any successor source).

  “Debt Rating” means, as to each Rating Agency and on any day, the rating maintained by such Rating Agency on such day for senior, unsecured, non-credit enhanced long-term debt of the Company.

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

  “Default Rate” means (a) with respect to any Obligation for which a rate is specified, a rate per annum equal to two percent (2%) in excess of the rate otherwise applicable thereto and (b) with respect to any Obligation for which a rate is not specified or available, a rate per annum equal to the Base Rate plus the Applicable Rate for Revolving Loans that are Base Rate Loans plus two percent (2%), in each case, to the fullest extent permitted by applicable Law.

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

  “Defaulting Lender” means, subject to Section 2.15(b), any Lender that (a) has failed to (i) fund all or any portion of its Loans within two (2) Business Days of the date such Loans were 

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  required to be funded hereunder unless such Lender notifies the Administrative Agent and the Borrowers in writing that such failure is the result of such Lender’s determination that one or more conditions precedent to funding (each of which conditions precedent, together with any applicable default, shall be specifically identified in such writing) has not been satisfied, or (ii) pay to the Administrative Agent, any L/C Issuer, the Swingline Lender or any other Lender any other amount required to be paid by it hereunder (including in respect of its participation in Letters of Credit or Swingline Loans) within two (2) Business Days of the date when due, (b) has notified the Borrowers, the Administrative Agent, any L/C Issuer or the Swingline Lender in writing that it does not intend to comply with its funding obligations hereunder, or has made a public statement to that effect (unless such writing or public statement relates to such Lender’s obligation to fund a Loan hereunder and states that such position is based on such Lender’s determination that a condition precedent to funding (which condition precedent, together with any applicable default, shall be specifically identified in such writing or public statement) cannot be satisfied), (c) has failed, within three (3) Business Days after written request by the Administrative Agent or the Borrowers, to confirm in writing to the Administrative Agent and the Borrowers that it will comply with its prospective funding obligations hereunder (provided that such Lender shall cease to be a Defaulting Lender pursuant to this clause (c) upon receipt of such written confirmation by the Administrative Agent and the Borrower), or (d) has, or has a direct or indirect parent company that has, (i) become the subject of a proceeding under any Debtor Relief Law, (ii) other than via an Undisclosed Administration, had appointed for it a receiver, custodian, conservator, trustee, administrator, assignee for the benefit of creditors or similar Person charged with reorganization or liquidation of its business or assets, including the Federal Deposit Insurance Corporation or any other state or federal regulatory authority acting in such a capacity or, in the good faith determination of the Administrative Agent, has taken any action in furtherance of, or indicating its consent to, approval of, or acquiescence in, any such proceeding or appointment or (iii) become the subject of a Bail-In Action; provided that a Lender shall not be a Defaulting Lender solely by virtue of the ownership or acquisition of any Equity Interest in that Lender or any direct or indirect parent company thereof by a Governmental Authority so long as such ownership interest does not result in or provide such Lender with immunity from the jurisdiction of courts within the United States or from the enforcement of judgments or writs of attachment on its assets or permit such Lender (or such Governmental Authority) to reject, repudiate, disavow or disaffirm any contracts or agreements made with such Lender.  Any determination by the Administrative Agent that a Lender is a Defaulting Lender under any one or more of clauses (a) through (d) above, and the effective date of such status, shall be conclusive and binding absent manifest error, and such Lender shall be deemed to be a Defaulting Lender (subject to Section 2.15(b)) 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, each L/C Issuer, the Swingline Lender and each other Lender promptly following such determination.

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

  “Designated Borrower Notice” means the notice substantially in the form of Exhibit M attached hereto.

  “Designated Borrower Request and Assumption Agreement” means the notice substantially in the form of Exhibit Q attached hereto.

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  “Designated Jurisdiction” means any country, region or territory to the extent that such country or territory is the subject of any Sanction.

  “Disposition” or “Dispose” means the sale, transfer, license (on an exclusive basis), lease or other disposition (including any Sale and Leaseback Transaction) of any property by any Loan Party or Subsidiary (or the granting of any option or other right to do any of the foregoing), including any sale, assignment, transfer or other disposal, with or without recourse, of any notes or accounts receivable or any rights and claims associated therewith, but excluding any Involuntary Disposition. 

  “Disqualified Stock” means, with respect to any person, any Equity Interests of such person that, by their terms (or by the terms of any security or other Equity Interests into which they are convertible or for which they are exchangeable), or upon the happening of any event or condition (a) matures (excluding any maturity as the result of an optional redemption by the issuer thereof) or are mandatorily redeemable (other than solely for Qualified Equity Interests of the Company), pursuant to a sinking fund obligation or otherwise, (b) are redeemable at the option of the holder thereof (other than solely for Qualified Equity Interests of the Company), in whole or in part, (c) provides for scheduled, mandatory payments of dividends in cash, or (d) are or become convertible into or exchangeable for Indebtedness or any other Equity Interests that would constitute Disqualified Stock, in the case of each of the foregoing clauses (a), (b), (c) and (d), (A) prior to the date that is ninety-one (91) days after the Maturity Date in effect at the time of issuance thereof and (B) 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 Secured Obligations that are accrued and payable and the termination of the Revolving Commitments (provided, that only the portion of the Equity Interests that so mature or are mandatorily redeemable, are so convertible or exchangeable or are so redeemable at the option of the holder thereof prior to such date shall be deemed to be Disqualified Stock).  Notwithstanding the foregoing: (i) any Equity Interests issued to any employee or to any plan for the benefit of employees of the Company or the Subsidiaries or by any such plan to such employees shall not constitute Disqualified Stock solely because they may be required to be repurchased by the Company in order to satisfy applicable statutory or regulatory obligations or as a result of such employees’ termination, death or disability and (ii) any class of Equity Interests of such person that by its terms authorizes such person to satisfy its obligations thereunder by delivery of Equity Interests that are not Disqualified Stock shall not be deemed to be Disqualified Stock.

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

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

  “Domestic Subsidiary” means any Subsidiary that is organized under the laws of any political subdivision of the United States.

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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 the occurrence of: 

  (a)	a determination by the Administrative Agent, or a notification by the Borrower Representative to the Administrative Agent that the Borrowers have made a determination, that U.S. dollar-denominated syndicated credit facilities currently being executed, or that include language similar to that contained in Section 3.03(c), are being executed or amended (as applicable) to incorporate or adopt a new benchmark interest rate to replace LIBOR, and

  (b)	the joint election by the Administrative Agent and the Borrowers to replace LIBOR with a Benchmark Replacement and the provision by the Administrative Agent of written notice of such election to the Lenders.

  “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 Assignee” means any Person that meets the requirements to be an assignee under Section 10.06 (subject to such consents, if any, as may be required under Section 10.06(b)(iii)).

  “Eligible Currency” means any lawful currency other than Dollars that is readily available, freely transferable and convertible into Dollars in the international interbank market available to the Lenders in such market and as to which a Dollar Equivalent may be readily calculated. If, after the designation by the Lenders of any currency as an Alternative Currency, any change in currency controls or exchange regulations or any change in the national or international financial, political or economic conditions are imposed in the country in which such currency is issued, result in, in the reasonable opinion of the Administrative Agent, the Appropriate Lenders (in the case of any Loans to be denominated in an Alternative Currency) or the applicable L/C Issuer (in the case of any Letter of Credit to be denominated in an Alternative Currency), (a) such currency no longer being readily available, freely transferable and convertible into Dollars, (b) a Dollar Equivalent is no longer readily calculable with respect to such currency, (c) providing such currency is impracticable for the Lenders or (d) no longer a currency in which the Revolving Lenders are 

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  willing to make such Credit Extensions (each of (a), (b), (c), and (d) a “Disqualifying Event”), then the Administrative Agent shall promptly notify the Lenders and the Company, and such country’s currency shall no longer be an Alternative Currency until such time as the Disqualifying Event(s) no longer exist. Within five (5) Business Days after receipt of such notice from the Administrative Agent, the Borrowers shall repay all Loans in such currency to which the Disqualifying Event applies or convert such Loans into the Dollar Equivalent of Loans in Dollars, subject to the other terms contained herein.

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

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

  “Environmental Permit” means any permit, approval, identification number, license or other authorization required under any Environmental Law.

  “Equity Interests” means, with respect to any Person, all of the shares of capital stock of (or other ownership or profit interests in) such Person, all of the warrants, options or other rights for the purchase or acquisition from such Person of shares of capital stock of (or other ownership or profit interests in) such Person, all of the securities convertible into or exchangeable for shares of capital stock of (or other ownership or profit interests in) such Person or warrants, rights or options for the purchase or acquisition from such Person of such shares (or such other interests), and all of the other ownership or profit interests in such Person (including partnership, member or trust interests therein), whether voting or nonvoting, and whether or not such shares, warrants, options, rights or other interests are outstanding on any date of determination (provided, however, that debt securities that are or by their terms may be convertible or exchangeable into or for Equity Interests shall not be Equity Interests prior to conversion or exchange thereof).

  “ERISA” means the Employee Retirement Income Security Act of 1974.

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

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

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  notice period is waived); (b) the existence with respect to any Plan of any unpaid “minimum required contribution” (as defined in Section 430 of the Code or Section 303 of ERISA), whether or not waived, or with respect to a Multiemployer Plan, any failure to make a required contribution; (c) the filing pursuant to Section 412(c) of the Code or Section 302(c) of ERISA of an application for a waiver of the minimum funding standard with respect to any Plan; (d) the incurrence by the Company or any of its ERISA Affiliates of any liability under Title IV of ERISA with respect to the termination of any Plan; (e) the receipt by the Company or any ERISA Affiliate from the PBGC or a plan administrator of any notice relating to an intention to terminate any Plan or Plans or to appoint a trustee to administer any Plan; (f) the incurrence by the Company or any of its ERISA Affiliates of any liability with respect to the withdrawal or partial withdrawal (including under Section 4062(e) of ERISA) from any Plan or Multiemployer Plan; or (g) the receipt by the Company or any ERISA Affiliate of any notice, or the receipt by any Multiemployer Plan from the Company or any ERISA Affiliate of any notice, concerning the imposition of Withdrawal Liability or a determination that a Multiemployer Plan is, or is expected to be, insolvent, within the meaning of Title IV of ERISA, or is in “endangered” or “critical” status, within the meaning of Section 432 of the Code or Section 305 of ERISA.

  “ESG” has the meaning specified in Section 2.19. 

  “ESG Amendment” has the meaning specified in Section 2.19. 

  “ESG Pricing Provisions” has the meaning specified in Section 2.19. 

  “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.

  “Euro” and “€” mean the single currency of the Participating Member States.

  “Eurodollar Rate” means:

  (a)	for any Interest Period with respect to any Borrowing of a Eurodollar Rate Loan, the rate per annum equal to the London Interbank Offered Rate (“LIBOR”), as published on the applicable Bloomberg screen page (or such other commercially available source providing such quotations as may be designated by the Administrative Agent from time to time) (in such case, the “LIBOR Rate”) at or about 11:00 a.m. (London time) on the Rate Determination Date, for deposits in Dollars, with a term equivalent to such Interest Period;  

  (b)	for any interest calculation with respect to a Base Rate Loan on any date, the rate per annum equal to the LIBOR Rate, at or about 11:00 a.m., London time, two (2) Business Days prior to such date for Dollar deposits with a term of one (1) month commencing that day;

  provided that (i) to the extent a comparable or successor rate is approved by the Administrative Agent in connection with any rate set forth in this definition, the approved rate shall be applied in a manner consistent with market practice; provided, further 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 and (ii) if the Eurodollar Rate shall be less than zero, such rate shall be deemed zero for purposes of this Agreement.

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  “Eurodollar Rate Loan” means a Loan that bears interest at a rate based on clause (a) of the definition of “Eurodollar Rate”.  Eurodollar Rate Loans must be denominated in Dollars.

  “Event of Default” has the meaning specified in Section 8.01.

  “Excluded Property” means (i) any fee-owned real property and any leasehold interest in real property, (ii) motor vehicles and other assets subject to certificates of title, except to the extent a security interest therein can be perfected by the filing of a UCC financing statement, (iii) commercial tort claims, except to the extent a security interest therein can be accomplished by the filing of a UCC financing statement (it being understood that no actions shall be required to perfect a security interest in commercial tort claims, other than the filing of a UCC financing statement), (iv) governmental licenses or state or local franchises, charters and authorizations and any other property and assets to the extent that the grant of security interests therein are prohibited or restricted thereby or under applicable laws (including, without limitation, rules and regulations of any governmental authority or agency) or the pledge or creation of a security interest in which would require governmental consent, approval, license or authorization not obtained, other than to the extent such prohibition or limitation is rendered ineffective under the UCC or other applicable law notwithstanding such prohibition and other than proceeds and receivables thereof, the assignment of which is expressly deemed effective under the UCC or other applicable law notwithstanding such prohibition, (v) any lease, license or agreement or any property subject to a purchase money security interest, Capital Lease Obligations or similar arrangement permitted under this Agreement, in each case, to the extent the grant of a security interest therein would violate or invalidate such lease, license or agreement or purchase money or similar arrangement or create a right of termination in favor of any other party thereto (other than the Company or any other Loan Party) after giving effect to the applicable anti-assignment provisions of the UCC or other applicable law, other than proceeds and receivables thereof, the assignment of which is expressly deemed effective under the UCC or other applicable law notwithstanding such prohibition, (vi) letter of credit rights, except to the extent a security interest therein can be accomplished by the filing of a UCC financing statement (it being understood that no actions shall be required to perfect a security interest in letter of credit rights, other than the filing of a UCC financing statement), (vii) any intent-to-use trademark application prior to the filing and acceptance of a “Statement of Use” or “Amendment to Allege Use” with respect thereto, to the extent, if any, that, and solely during the period, if any, in which the grant of a security interest therein would impair the validity or enforceability of such intent-to-use trademark application under applicable federal law, (viii) any Excluded Securities, (ix) for the avoidance of doubt, any assets owned by, or the Equity Interests of, any Unrestricted Subsidiary (which shall in no event constitute Collateral hereunder, nor shall any Unrestricted Subsidiary be a Loan Party hereunder), (x) any property subject to an enforceable contractual obligation binding on the assets that existed at the time of the acquisition thereof and was not created or made binding on the assets in contemplation or in connection with the acquisition of such assets, to the extent the grant of a security interest therein is restricted by or would violate such contractual obligation or create a right of termination in favor of any other party thereto (other than the Company or any other Loan Party) after giving effect to the applicable anti-assignment provisions of the UCC or other applicable law, other than proceeds and receivables thereof, the assignment of which is expressly deemed effective under the UCC or other applicable law notwithstanding such prohibition and (xi) assets in circumstances where the cost or other consequences of obtaining or perfecting a security interest in favor of the Secured Parties under the Collateral Documents in such assets (including 

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  any adverse Tax consequences to any of the Loan Parties) are likely to be excessive in light of the practical benefit to the Lenders afforded thereby as reasonably determined by the Company and the Administrative Agent.  For the avoidance of doubt, promissory notes permitted under Section 7.03(q)(ii) shall not constitute Excluded Property.

  “Excluded Securities” means any of the following: 

  (a)	any Equity Interests or Indebtedness with respect to which the Administrative Agent and the Company reasonably agree that the cost or other consequences of pledging such Equity Interests or Indebtedness in favor of the Secured Parties under the Collateral Documents (including any adverse Tax consequences) would be excessive in light of the practical benefit to the Lenders afforded thereby;

  (b)	any Equity Interests or Indebtedness to the extent, and for so long as, the pledge thereof would be prohibited by any applicable Law;

  (c)	any Equity Interests of any Person that is not a Wholly Owned Subsidiary to the extent (x) such Subsidiary does not constitute a Material Subsidiary or (y) (A) that a pledge thereof to secure the Secured Obligations is prohibited by (i) any applicable organizational documents, joint venture agreement, shareholder agreement, or similar agreement governing such Equity Interests or (ii) any other contractual obligation with an unaffiliated third party not in violation of this Agreement but, in the case of this subclause (A), only to the extent, and for so long as, such prohibition is not terminated or rendered unenforceable or otherwise deemed ineffective by the UCC or any other applicable Law, (B) any organizational documents, joint venture agreement, shareholder agreement, or similar agreement governing such Equity Interests (or other applicable contractual obligation referred to in subclause (A)(ii) above) prohibits such a pledge without the consent of any other party but, in the case of this subclause (B) (other than with respect to joint venture agreements), only to the extent, and for so long as, such prohibition is not terminated or rendered unenforceable or otherwise deemed ineffective by the UCC or any other applicable Law; provided, that this clause (B) shall not apply if (1) such other party is a Loan Party or a Wholly Owned Subsidiary or (2) consent has been obtained to consummate such pledge (it being understood that the foregoing shall not be deemed to obligate the Company or any Subsidiary to obtain any such consent) and for so long as such organizational documents, joint venture agreement, shareholder agreement or similar agreement (or other contractual obligation referred to in subclause (A)(ii) above) or replacement or renewal thereof is in effect, or (C) a pledge thereof to secure the Secured Obligations would give any other party (other than a Loan Party or a Wholly Owned Subsidiary) to any organizational documents, joint venture agreement, shareholder agreement or similar agreement governing such Equity Interests the right to terminate its obligations thereunder, but only to the extent, and for so long as, such right of termination is not terminated or rendered unenforceable or otherwise deemed ineffective by the UCC or any other applicable Law;

  (d)	any Equity Interests of any Unrestricted Subsidiary;

  (e)	any margin stock (within the meaning of Regulation U issued by the FRB); and

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  (f)	voting Equity Interests in (i)(A) any Foreign Subsidiary that is a CFC or (B) any CFC Holdco, in each case, in excess of 65% of all such voting Equity Interests and (ii) all Equity Interests in any Domestic Subsidiary or Foreign Subsidiary in each case that is owned by a Foreign Subsidiary that is a CFC.

  “Excluded Subsidiary” means any of the following: 

  (a)	each Subsidiary that is not a Material Subsidiary,

  (b)	each Domestic Subsidiary that is not a Wholly Owned Subsidiary (for so long as such Subsidiary remains a non-Wholly Owned Subsidiary),

  (c)	each Domestic Subsidiary that is prohibited from Guaranteeing or granting Liens to secure the Obligations by any Law or that would require consent, approval, license or authorization of a Governmental Authority to Guarantee or grant Liens to secure the Obligations (unless such consent, approval, license or authorization has been received),

  (d)	each Domestic Subsidiary that is prohibited by any applicable contractual requirement from Guaranteeing or granting Liens to secure the Obligations existing on the Closing Date or existing at the time such Subsidiary becomes a Subsidiary not in violation of this Agreement (and for so long as such restriction or any replacement or renewal thereof is in effect),

  (e)	any Foreign Subsidiary,

  (f)	any Domestic Subsidiary (i) that is a CFC Holdco or (ii) that is a direct or indirect Subsidiary of a Foreign Subsidiary that is a CFC,

  (g)	any other Domestic Subsidiary with respect to which the Administrative Agent and the Company reasonably agree that the cost or other consequences (including any Tax consequences) of providing a Guarantee of or granting Liens to secure the Obligations would be excessive in relation to the practical benefit to the Lenders afforded thereby, and

  (h)	each Unrestricted Subsidiary.

  “Excluded Swap Obligation” means, with respect to any Loan Party, any Swap Obligation if, and to the extent that, all or a portion of the Guaranty of such Loan Party of, or the grant by such Loan Party of a Lien to secure, such Swap Obligation (or any Guarantee thereof) is or becomes illegal under the Commodity Exchange Act or any rule, regulation or order of the Commodity Futures Trading Commission (or the application or official interpretation thereof) by virtue of such Loan Party’s failure for any reason to constitute an “eligible contract participant” as defined in the Commodity Exchange Act (determined after giving effect to Section 10.19 and any other keepwell, support or other agreement for the benefit of such Loan Party and any and all guarantees of such Loan Party’s Swap Obligations by other Loan Parties) at the time the Guaranty of such Loan Party, or grant by such Loan Party of a Lien, becomes effective with respect to such Swap Obligation.  If a Swap Obligation arises under a Master Agreement governing more than one Swap Contract, such exclusion shall apply only to the portion of such Swap Obligation that is attributable to Swap Contracts for which such Guaranty or Lien is or becomes excluded in accordance with the first sentence of this definition.

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  “Excluded Taxes” means any of the following Taxes imposed on or with respect to any Recipient or required to be withheld or deducted from a payment to a Recipient, (a) Taxes imposed on or measured by net income (however denominated), franchise Taxes, and branch profits Taxes, in each case, (i) imposed as a result of such Recipient being organized under the laws of, or having its principal office or, in the case of any Lender, its Lending Office located in, the jurisdiction imposing such Tax (or any political subdivision thereof) or (ii) that are Other Connection Taxes, (b) in the case of a Lender, U.S. federal withholding Taxes imposed on amounts payable to or for the account of such Lender with respect to an applicable interest in a Loan or Revolving Commitment pursuant to a law in effect on the date on which (i) such Lender acquires such interest in the Loan or Revolving Commitment (other than pursuant to an assignment request by the Borrowers under Sections 3.06 and 10.13) or (ii) such Lender changes its Lending Office, except in each case to the extent that, pursuant to Section 3.01, amounts with respect to such Taxes were payable either to such Lender’s assignor immediately before such Lender became a party hereto or to such Lender immediately before it changed its Lending Office, (c) Taxes attributable to such Recipient’s failure to comply with Section 3.01(e) and (d) any U.S. federal withholding Taxes imposed pursuant to FATCA. 

  “Existing Credit Agreement” has the meaning assigned to such term in the first recital.  

  “Existing Lenders” has the meaning assigned to such term in the first recital.

  “Existing Letters of Credit” means those certain letters of credit issued under the Existing Credit Agreement and outstanding on the Closing Date, as forth on Schedule 1.01(d).

  “Facility” means the Term Facility or the Revolving Facility, as the context may require.

  “Facility Office” means the office designated by the applicable Lender through which such Lender will perform its obligations under this Agreement.

  “Facility Termination Date” means the date as of which all of the following shall have occurred:  (a) the Revolving Commitments have terminated, (b) all Obligations have been paid in full (other than contingent indemnification obligations), and (c) all Letters of Credit have terminated or expired (other than Letters of Credit as to which other arrangements with respect thereto satisfactory to the Administrative Agent and the applicable L/C Issuer shall have been made).

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

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

  “Federal Funds Rate” means, for any day, the rate per annum equal to the weighted average of the rates on overnight federal funds transactions with members of the Federal Reserve System, as published by the Federal Reserve Bank of New York on the Business Day next succeeding such day; provided that (a) if such day is not a Business Day, the Federal Funds Rate for such day shall 

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  be such rate on such transactions on the next preceding Business Day as so published on the next succeeding Business Day, (b) if no such rate is so published on such next succeeding Business Day, the Federal Funds Rate for such day shall be the average rate (rounded upward, if necessary, to a whole multiple of 1/100 of 1%) charged to Bank of America on such day on such transactions as determined by the Administrative Agent, and (c) if the Federal Funds Rate shall be less than zero, such rate shall be deemed zero for purposes of this Agreement.

  “Fee Letter” means the letter agreement, dated November 16, 2021, among the Company, Bank of America, and BofA Securities, Inc.

  “Fitch” means Fitch Ratings Inc., and any successor thereto.

  “Foreign Lender” means, with respect to any Borrower, a Lender that is not a U.S. Person.  

  “Foreign Subsidiary” means any Subsidiary that is organized under the laws of a jurisdiction other than the United States, a State thereof or the District of Columbia.

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

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

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

  “GAAP” means generally accepted accounting principles in the United States set forth from time to time in the opinions and pronouncements of the Accounting Principles Board and the American Institute of Certified Public Accountants and statements and pronouncements of the Financial Accounting Standards Board (or agencies with similar functions of comparable stature and authority within the accounting profession) including, without limitation, the FASB Accounting Standards Codification, that are applicable to the circumstances as of the date of determination, consistently applied and subject to Section 1.03.

  “Governmental Authority” means the government of the United States or any other nation, or of any political subdivision thereof, whether state or local, and any agency, authority, instrumentality, regulatory body, court, central bank or other entity exercising executive, legislative, judicial, taxing, regulatory or administrative powers or functions of or pertaining to government (including, without limitation, any supra-national bodies such as the European Union or the European Central Bank).

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  “Guarantee” means, as to any Person, any obligation, contingent or otherwise, of such Person guaranteeing or having the economic effect of guaranteeing any Indebtedness of the kind described in the definition thereof or other obligation payable or performable by another Person (the “primary obligor”) in any manner, whether directly or indirectly, and including any obligation of such Person, direct or indirect, (a) to purchase or pay (or advance or supply funds for the purchase or payment of) such Indebtedness or other obligation, (b) to purchase or lease property, securities or services for the purpose of assuring the obligee in respect of such Indebtedness or other obligation of the payment or performance of such Indebtedness or other obligation, (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.  The amount of any Guarantee shall be deemed to be an amount equal to the stated or determinable amount of the related primary obligation, or portion thereof, in respect of which such Guarantee is made or, if not stated or determinable, the maximum reasonably anticipated liability in respect thereof as determined by the guaranteeing Person in good faith.  The term “Guarantee” as a verb has a corresponding meaning.

  “Guarantors” means, collectively, (a) the Subsidiaries of the Company as are or may from time to time become parties to the Guaranty pursuant to Section 6.13, (b) with respect to Additional Secured Obligations owing by any Loan Party or any of its Restricted Subsidiaries and any Swap Obligation of a Specified Loan Party under the Guaranty, each Borrower, and (c) with respect to Obligations owing by any Designated Borrower, the Company.

  “Guaranty” means, collectively, each Amended and Restated Guaranty, dated as of even date herewith, made by the applicable Guarantors in favor of the Secured Parties, together with each other guaranty and guaranty supplement delivered pursuant to Sections 6.13 or Section 2.16. 

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

  “Hedge Bank” means any Person in its capacity as a party to a Swap Contract with a Loan Party or a Restricted Subsidiary that, (a) at the time it enters into a Swap Contract, is a Lender or an Affiliate of a Lender, or (b) at the time it (or its Affiliate) becomes a Lender, is a party to a Swap Contract, in each case, in its capacity as a party to such Swap Contract (even if such Person ceases to be a Lender or such Person’s Affiliate ceased to be a Lender); provided, in the case of a Secured Hedge Agreement with a Person who is no longer a Lender (or Affiliate of a Lender), such Person shall be considered a Hedge Bank only through the stated termination date (without extension or renewal) of such Secured Hedge Agreement and provided further that for any of the foregoing to be included as a “Secured Hedge Agreement” on any date of determination by the Administrative Agent, the applicable Hedge Bank (other than the Administrative Agent or an Affiliate of the Administrative Agent) must have delivered a Secured Party Designation Notice to 

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  the Administrative Agent prior to such date of determination (it being understood that one Secured Party Designation Notice with respect to a specified Master Agreement may designate all transactions thereunder as being collectively a “Secured Hedge Agreement”, without the need for separate Secured Party Designation Notices for each individual transactions thereunder). 

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

  “Incremental Revolving Facility” has the meaning set forth in Section 2.17(a).

  “Incremental Term Facility” has the meaning set forth in Section 2.18(a). 

  “Incremental Term Facility Amendment” has the meaning set forth in Section 2.18. 

  “IFRS” means international accounting standards within the meaning of IAS Regulation 1606/2002 to the extent applicable to the relevant financial statements delivered under or referred to herein.

  “Indebtedness” means, as to any Person at a particular time, without duplication, all of the following, whether or not included as indebtedness or liabilities in accordance with GAAP: (a) all obligations of such Person for borrowed money, (b) all obligations of such Person evidenced by bonds, debentures, notes, loan agreements or similar 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 (excluding accounts and trade payables payable incurred in the ordinary course of business), (e) all Indebtedness of others secured by (or for which the holder of such Indebtedness has an existing right, contingent or otherwise, to be secured by) any Lien on property owned or acquired by such Person, whether or not the Indebtedness secured thereby has been assumed, (f) all Guarantees by such Person of Indebtedness of others, (g) all Capital Lease Obligations and Sale and Leaseback 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 amount of all obligations of such Person with respect to the mandatory redemption, mandatory repayment or other mandatory repurchase of any Disqualified Stock of the Company (excluding accrued dividends that have not increased the liquidation preference of such Disqualified Stock), (j) all obligations, contingent or otherwise, of such Person in respect of bankers’ acceptances, and (k) all obligations of such Person in respect of Securitization Transactions.  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 expressly provide that such Person is not liable therefor. 

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

  “Indemnitees” has the meaning specified in Section 10.04(b).

  “Information” has the meaning specified in Section 10.07.

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  “Intellectual Property” has the meaning set forth in the Security Agreement.

  “Intercompany Debt” means any Indebtedness of the Company or any Subsidiary owed to and held by the Company or any Wholly Owned Subsidiary; provided  that any subsequent issuance or transfer of any Equity Interest which results in any such Wholly Owned Subsidiary ceasing to be a Wholly Owned Subsidiary or any subsequent transfer of such Indebtedness (other than to the Company or another Wholly Owned Subsidiary) shall be deemed, in each case, to constitute a new incurrence of Indebtedness other than Intercompany Debt by the issuer thereof.

  “Interest Payment Date” means, (a) as to any Eurodollar Rate Loan or Alternative Currency Term Rate Loan, the last day of each Interest Period applicable to such Loan and the Maturity Date of the Facility under which such Loan was made; provided, however, that if any Interest Period for any such Loan exceeds three (3) months, the respective dates that fall every three (3) months after the beginning of such Interest Period shall also be Interest Payment Dates; and (b) as to any Base Rate Loan, Swingline Loan or Alternative Currency Daily Rate Loan, the last Business Day of each March, June, September and December and the Maturity Date of the Facility under which such Loan was made (with Swingline Loans being deemed made under the Revolving Facility for purposes of this definition).

  “Interest Period” means, as to any Eurodollar Rate Loan or any Alternative Currency Term Rate Loan, the period commencing on the date such Loan is disbursed or converted to or continued as a Eurodollar Rate Loan or Alternative Currency Term Rate Loan, as applicable, and ending on the date one (1), three (3), or six (6) months thereafter (in each case, subject to availability for the interest rate applicable to the relevant currency), as selected by the applicable Borrower in its Loan Notice, or such other period that is twelve months or less requested by the applicable Borrower and consented to by all of the Appropriate Lenders; provided that:

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

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

  (c)	no Interest Period shall extend beyond the Maturity Date of the Facility under which such Loan was made.

  “Investment” means, as to any Person, any direct or indirect acquisition or investment by such Person, whether by means of (a) the purchase or other acquisition of Equity Interests of another Person, (b) a loan, advance or capital contribution to, Guarantee or assumption of debt of, or purchase or other acquisition of any other debt or interest in, another Person (including any partnership or joint venture interest in such other Person and any arrangement pursuant to which the investor Guarantees Indebtedness of such other Person), or (c) the purchase or other acquisition (in one transaction or a series of transactions) of assets of another Person which constitute all or substantially all of the assets of such Person or of a division, line of business or other business unit 

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  of such Person. For purposes of covenant compliance, the amount of any Investment shall be the amount actually invested, without adjustment for subsequent increases or decreases in the value of such Investment.

  “Investment Grade Date” means the first date on which (a) two of the Rating Agencies maintain an Investment Grade Rating, and (b) the Company notifies the Administrative Agent in writing of such Investment Grade Rating.

  “Investment Grade Rating” means a Debt Rating of the Company equal to or more favorable than (i) Baa3 (stable) from Moody’s, (ii) BBB- (stable) from S&P, or (iii) BBB- (stable) from Fitch.

  “Involuntary Disposition” means any loss of, damage to or destruction of, or any condemnation or other taking for public use of, any property of any Loan Party or any Subsidiary.

  “IRS” means the United States Internal Revenue Service.

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

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

  “Joint Sustainability Coordinators” means BofA Securities, Inc. and up to one other Lender (or Affiliate thereof) selected by the Company (which Lender (or Affiliate thereof) consents to such selection), in their capacities as such, and any successor thereto.

  “Judgment Currency” has the meaning specified in Section 10.21.

  “Key Performance Indicators” has the meaning specified in Section 2.19. 

  “Laws” means, collectively, all international, foreign, federal, state and local statutes, treaties, rules, guidelines, regulations, ordinances, codes and administrative or judicial precedents or authorities, including the interpretation or administration thereof by any Governmental Authority charged with the enforcement, interpretation or administration thereof, and all applicable administrative orders, directed duties, requests, licenses, authorizations and permits of, and agreements with, any Governmental Authority, in each case whether or not having the force of law.

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

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

  “L/C Commitment” means, as to each L/C Issuer, its obligation to issue Letters of Credit to the Company pursuant to Section 2.03 in an aggregate principal amount at any one time outstanding not to exceed the Letter of Credit Sublimit, as such amount may be adjusted from time to time in accordance with this Agreement. 

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

  “L/C Issuer” means with respect to a particular Letter of Credit, (a) Bank of America in its capacity as issuer of such Letter of Credit, or any successor issuer thereof, and (b) such other Lender selected by the Company from time to time to issue such Letter of Credit (provided that no Lender shall be required to become an L/C Issuer pursuant to this subclause (b) without such Lender’s consent), or any successor issuer thereof or (c) any Lender selected by the Company (with the prior consent of the Administrative Agent) to replace a Lender who is a Defaulting Lender at the time of such Lender’s appointment as an L/C Issuer (provided that no Lender shall be required to become an L/C Issuer pursuant to this subclause (c) without such Lender’s consent), or any successor issuer thereof.

  “L/C Obligations” means, as at any date of determination, the aggregate amount available to be drawn under all outstanding Letters of Credit plus the aggregate of all Unreimbursed Amounts (including all L/C Borrowings).  For purposes of computing the amount available to be drawn under any Letter of Credit, the amount of such Letter of Credit shall be determined in accordance with Section 1.06.  For all purposes of this Agreement, if on any date of determination a Letter of Credit has expired by its terms but any amount may still be drawn thereunder by reason of the operation of Rule 3.14 of the ISP, such Letter of Credit shall be deemed to be “outstanding” in the amount so remaining available to be drawn.

  “Lender” means each of the Persons identified as a “Lender” on the signature pages hereto, each other Person that becomes a “Lender” in accordance with this Agreement and, their successors and assigns and, unless the context requires otherwise, includes the Swingline Lender. 

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

  “Letter of Credit” means any standby letter of credit issued hereunder and shall include the Existing Letters of Credit.  Letters of Credit may be issued in Dollars or in an Alternative Currency. 

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

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  “Letter of Credit Expiration Date” means the day that is seven (7) days prior to the Maturity Date then in effect for the Revolving Facility (or, if such day is not a Business Day, the next preceding Business Day).

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

  “Letter of Credit Report” means a certificate substantially the form of Exhibit K or any other form approved by the Administrative Agent.

  “Letter of Credit Sublimit” means an amount equal to the lesser of (a) $20,000,000 and (b) the Revolving Facility.  The Letter of Credit Sublimit is part of, and not in addition to, the Revolving Facility.

  “LIBOR” has the meaning specified in the definition of Eurodollar Rate.

  “LIBOR Screen Rate” means the LIBOR quote on the applicable screen page the Administrative Agent designates to determine LIBOR (or such other commercially available source providing such quotations as may be designated by the Administrative Agent from time to time).

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

  “Loan” means an extension of credit by a Lender to a Borrower under Article II in the form of a Term Loan, a Revolving Loan or a Swingline Loan.

  “Loan Documents” means, collectively, (a) this Agreement, (b) the Notes, (c) the Guaranty, (d) the Collateral Documents, (e) the Fee Letter, (f) each Issuer Document, (g) any agreement creating or perfecting rights in Cash Collateral pursuant to the provisions of Section 2.14, (h) each Designated Borrower Request and Assumption Agreement and (i) all other certificates, agreements, documents and instruments executed and delivered, in each case, by or on behalf of any Loan Party pursuant to the foregoing (but specifically excluding any Secured Hedge Agreement or any Secured Cash Management Agreement); provided, however, that for purposes of Section 10.01, “Loan Documents” shall mean this Agreement, the Guaranty and the Collateral Documents.

  “Loan Notice” means a notice of (a) a Borrowing, (b) a conversion of Loans from one Type to the other, or (c) a continuation of Eurodollar Rate Loans or Alternative Currency Term Rate Loans, pursuant to Section 2.02(a), which shall be substantially in the form of Exhibit D or such other form as may be approved by the Administrative Agent  (including any form on an electronic platform or electronic transmission system as shall be approved by the Administrative Agent), appropriately completed and signed by a Responsible Officer of the applicable Borrower. 

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  “Loan Parties” means, collectively, the Company, each Designated Borrower and each Guarantor.

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

  “Mandatory Cost” means any amount incurred periodically by any Lender during the term of the Facility which constitutes fees, costs or charges imposed on lenders generally in the jurisdiction in which such Lender is domiciled, subject to regulation, or has its Facility Office by any Governmental Authority.

  “Master Agreement” has the meaning set forth in the definition of “Swap Contract”. 

  “Material Adverse Effect” means (a) a material adverse change in, or a material adverse effect upon, the operations, business, assets, properties, liabilities (actual or contingent), or condition (financial or otherwise) of the Loan Parties and their respective Subsidiaries, taken as a whole; or (b) a material adverse effect upon the legality, validity, binding effect or enforceability against any Loan Party of any Loan Document to which it is a party or the rights or remedies of the Administrative Agent or the Lenders.

  “Material Contract” means, with respect to any Person, each contract, agreement, permit or license material to the business, condition (financial or otherwise), operations, performance, properties or prospects of such Person as to which the breach, nonperformance, cancellation or failure to renew by any party thereto, individually or in the aggregate, could reasonably be expected to have a Material Adverse Effect. 

  “Material Indebtedness” means Indebtedness (other than the Loans and Letters of Credit), or obligations in respect of one or more Swap Contracts, of any one or more of the Company and its Restricted Subsidiaries in an aggregate principal amount (including undrawn committed or available amounts and including amounts owing to all creditors under any combined or syndicated credit agreement) exceeding the Threshold Amount.  For purposes of determining Material Indebtedness, the “principal amount” of the obligations of the Company or any Restricted Subsidiary in respect of any Swap Contract at any time shall be the Swap Termination Value.

  “Material Subsidiary” means any Restricted Domestic Subsidiary that, together with its Restricted Subsidiaries, (a) generates more than 5% of Consolidated EBITDA for the four (4) fiscal quarter period most recently ended or (b) has total assets (including equity interests in other Subsidiaries and excluding investments that are eliminated in consolidation) of equal to or greater than 5% of the Consolidated total assets of the Company and its Restricted Subsidiaries as of the end of the most recent four (4) fiscal quarters; provided, however, that if at any time there are Restricted Domestic Subsidiaries which are not classified as “Material Subsidiaries” but which collectively (i) generate more than 10% of Consolidated EBITDA or (ii) have total assets (including equity interests in other Subsidiaries and excluding investments that are eliminated in consolidation) of equal to or greater than 10% of the Consolidated total assets of the Company and its Restricted Subsidiaries, then the Company shall promptly designate one or more of such Restricted Domestic Subsidiaries as Material Subsidiaries and cause any such Restricted Domestic Subsidiaries to comply with the provisions of Section 6.13 such that, after such Restricted 

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  Domestic Subsidiaries become Guarantors hereunder, the Restricted Domestic Subsidiaries that are not Guarantors shall (A) generate less than 10% of Consolidated EBITDA and (B) have total assets of less than 10% of the Consolidated total assets of the Company and its Restricted Subsidiaries.

  “Maturity Date” means with respect to the each of the Revolving Facility and Term Facility, December 21, 2026; provided, however, that, in each case, if such date is not a Business Day, the Maturity Date shall be the next preceding Business Day.

  “Measurement Period” means, at any date of determination, the most recently completed four (4) fiscal quarters of the Company (or, for purposes of determining Pro Forma Compliance, the most recently completed four (4) fiscal quarters of the Company for which financial statements have been delivered).

  “Minimum Collateral Amount” means, at any time, (a) with respect to Cash Collateral consisting of cash or deposit account balances provided to reduce or eliminate Fronting Exposure during any period when a Lender constitutes a Defaulting Lender, an amount equal to 105% of the Fronting Exposure of the applicable L/C Issuer with respect to Letters of Credit issued and outstanding at such time, (b) with respect to Cash Collateral consisting of cash or deposit account balances provided in accordance with the provisions of Section 2.14(a)(i), (a)(ii) or (a)(iii), an amount equal to 105% of the Outstanding Amount of all L/C Obligations, and (c) otherwise, an amount determined by the Administrative Agent and the applicable L/C Issuer in their sole discretion.

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

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

  “New Revolving Lender” has the meaning set forth in Section 2.17(c). 

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

  “Non-Consenting Lender” means any Lender that does not approve any consent, waiver or amendment that (a) requires the approval of all Lenders or all affected Lenders, or all Lenders or all affected Lenders in a Facility, in accordance with the terms of Section 10.01 and (b) has been approved by the Required Lenders, Required Revolving Lenders or Required Term Lenders, as applicable.

  “Non-Defaulting Lender” means, at any time, each Lender that is not a Defaulting Lender at such time.

  “Note” means a Term Note or a Revolving Note, as the context may require.

  “Notice of Additional L/C Issuer” means a certificate substantially in the form of Exhibit N or any other form approved by the Administrative Agent. 

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  “Notice of Loan Prepayment” means a notice of prepayment with respect to a Loan, which shall be substantially in the form of Exhibit J or such other form as may be approved by the Administrative Agent (including any form on an electronic platform or electronic transmission system as shall be approved by the Administrative Agent), appropriately completed and signed by a Responsible Officer.

  “Obligations” means (a) all advances to, and debts, liabilities, obligations, covenants and duties of, any Loan Party arising under any Loan Document or otherwise with respect to any Loan, or Letter of Credit and (b) all costs and expenses incurred in connection with enforcement and collection of the foregoing, including the fees, charges and disbursements of counsel, in each case whether direct or indirect (including those acquired by assumption), absolute or contingent, due or to become due, now existing or hereafter arising and including interest, expenses and fees that accrue after the commencement by or against any Loan Party or any Affiliate thereof pursuant to any proceeding under any Debtor Relief Laws naming such Person as the debtor in such proceeding, regardless of whether such interest, expenses and fees are allowed claims in such proceeding; provided that Obligations of a Loan Party shall exclude any Excluded Swap Obligations with respect to such Loan Party.

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

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

  “Other Rate Early Opt-in” means the Administrative Agent and the Borrowers have elected to replace LIBOR with a Benchmark Replacement other than a SOFR-based rate pursuant to (1) an Early Opt-in Election and (2) Section 3.03(c)(ii) and paragraph (b) of the definition of “Benchmark Replacement”.

  “Other Connection Taxes” means, with respect to any Recipient, Taxes imposed as a result of a present or former connection between such Recipient and the jurisdiction imposing such Tax (other than connections arising from such Recipient having executed, delivered, become a party to, performed its obligations under, received payments under, received or perfected a security interest under, engaged in any other transaction pursuant to or enforced any Loan Document, or sold or assigned an interest in any Loan or Loan Document).

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  “Other Taxes” means all present or future stamp, court or documentary, intangible, recording, filing or similar Taxes that arise from any payment made under, 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 Other Connection Taxes imposed with respect to an assignment (other than an assignment or designation made pursuant to Section 3.06).

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

  “Outstanding Receivables Transaction Amount” means, at any time of determination, the excess of (i) the face amount of all Receivables disposed of pursuant to Section 7.05(f)(i) pursuant to a Permitted Receivables Sale Transaction prior to such time of determination minus (ii) any amount included in clause (i) above that is attributable to Receivables with a stated due date prior to such time of determination.

  “Overnight Rate” means, for any day, (a) with respect to any amount denominated in Dollars, the greater of (i) the Federal Funds Rate and (ii) an overnight rate determined by the Administrative Agent, the applicable L/C Issuer, or the Swingline Lender, as the case may be, in accordance with banking industry rules on interbank compensation, and (b) with respect to any amount denominated in an Alternative Currency, an overnight rate determined by the Administrative Agent or the applicable L/C Issuer, as the case may be, in accordance with banking industry rules on interbank compensation.

  “Participant” has the meaning specified in Section 10.06(d).

  “Participant Register” has the meaning specified in Section 10.06(d).

  “Participating Member State” means any member state of the European Union that adopts or has adopted the Euro as its lawful currency in accordance with legislation of the European Union relating to Economic and Monetary Union.

  “PBGC” means the Pension Benefit Guaranty Corporation referred to and defined in ERISA.

  “Permitted Acquisition” means an Acquisition that is permitted pursuant to Section 7.03(f). 

  “Permitted Encumbrances” means:

  (a)	Liens imposed by law for Taxes that are not yet due or are being contested in compliance with Section 5.11;

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  (b)	carriers’, warehousemen’s, mechanics’, materialmen’s, repairmen’s and other like Liens imposed by law, arising in the ordinary course of business and securing obligations that are not overdue by more than 90 days or are being contested in compliance with Section 5.11;

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

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

  (e)	judgment liens in respect of judgments that do not constitute an Event of Default under Section 8.01(h); 

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

  (g)	any obligations or duties affecting any of the property of the Company or the Subsidiaries to any municipality or public authority with respect to any franchise, grant, license or permit which do not materially impair the use of such property for the purposes for which it is held;

  (h)	Liens arising from precautionary UCC financing statements regarding operating leases; and

  (i)	Liens arising out of consignment or similar arrangements for the sale of goods entered into by the Company or any of its Subsidiaries in the ordinary course of business; 

  provided that the term “Permitted Encumbrances” shall not include any Lien securing Indebtedness.

  “Permitted Foreign Investments” means investments in certificates of deposit, banker’s acceptances and time deposits maturing within 364 days from the date of acquisition thereof issued or guaranteed by or placed with, and money market deposit accounts issued or offered by any office of any commercial bank organized under the laws of any jurisdiction outside of the United States of America.

  “Permitted Investments” means:

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

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  (b)	investments in commercial paper maturing within one year from the date of acquisition thereof and having, at such date of acquisition, the highest credit rating obtainable from at least one of either S&P or Moody’s;

  (c)	investments in certificates of deposit, banker’s acceptances and time deposits maturing within 364 days from the date of acquisition thereof issued or guaranteed by or placed with, and money market deposit accounts issued or offered by, any domestic office of any commercial bank organized under the laws of the United States of America or any State thereof which (i) is a Lender or has a combined capital and surplus and undivided profits of not less than $500,000,000 and (ii) in the case of any money market accounts, is a Lender or has short-term credit ratings of at least A1 or P1 by either S&P or Moody’s, respectively;

  (d)	fully collateralized repurchase agreements with a term of not more than 30 days for securities described in clause (a) above and entered into with a financial institution satisfying the criteria described in clause (c) above; provided that the Company shall take possession of all securities purchased by the Company or any Subsidiary under repurchase agreements and shall adhere to customary margin and mark-to-market procedures with respect to fluctuations in value; 

  (e)	money market funds that (i) comply with the criteria set forth in SEC Rule 2a-7 under the Investment Company Act of 1940, (ii) are rated AAA by S&P and Aaa by Moody’s or invest solely in the assets described in clauses (a) through (d) above, and (iii) have portfolio assets of at least $3,000,000,000;

  (f)	municipal (tax-exempt) investments with a rating of AAA or equivalent rating from at least two of Moody’s, S&P and Fitch, and a maximum maturity of one year (for securities where the interest rate is adjusted periodically (e.g.  floating rate securities), the interest rate reset date will be used to determine the maturity date); and

  (g)	variable rate notes issued by, or guaranteed by, any state agency, municipality or domestic corporation rated A-1 (or the equivalent thereof) or better by S&P or P­1 (or the equivalent thereof) or better by Moody’s and maturing within 364 days from the date of acquisition (the interest rate reset date will be used to determine the maturity date).

  “Permitted Liens” has the meaning set forth in Section 7.01.

  “Permitted Receivables Sale Transaction” means any Receivables Sale Transaction, provided that, in each case (x) the financing terms, covenants, termination events and other provisions thereof, including any Standard Receivables Undertakings, shall be market terms (as determined in good faith by the Company) at the time incurred and (y) the aggregate Outstanding Receivables Transaction Amount at any time in respect of all Receivables Sale Transactions does not exceed $120,000,000.

  “Permitted Sale and Leaseback Transaction” means a Sale and Leaseback Transaction, provided that (x) the property subject thereto consists only of real estate and related improvements and (y) such transaction, together with all other Permitted Sale and Leaseback Transactions, is otherwise permitted hereunder. 

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  “Permitted Securitization Attributed Indebtedness” means, as of any date of determination, the aggregate principal amount, unrecovered capital amount, or other similar amount outstanding in respect of any and all Permitted Securitization Transactions.

  “Permitted Securitization Transaction” means a Securitization Transaction, the terms of which arrangement do not impose (a) any recourse or repurchase obligations upon the Company or any Affiliate of the Company (other than any such Securitization Entity) except for representations, warranties, covenants, repurchase obligations, indemnities, and performance guarantees with respect to the servicer’s performance of its servicer obligations, in each case, that are reasonably customary for a seller or servicer of assets transferred in connection with such a transaction at the time incurred or (b) any negative pledge or Lien on any accounts receivable or other assets not actually transferred to any such Securitization Entity in connection with such arrangement; provided that all Permitted Securitization Attributed Indebtedness incurred in connection with any such arrangements shall not exceed $150,000,000 at any time.

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

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

  “Platform” has the meaning specified in Section 6.02.

  “Pledged Equity” has the meaning specified in the Security Agreement.

  “Pro Forma Basis” or “Pro Forma Effect”  means, as to any Person, for any events as described below that occur subsequent to the commencement of a period for which the financial effect of such events is being calculated, and giving effect to the events for which such calculation is being made, such calculation as will give pro forma effect to such events as if such events occurred on the first day of the most recent Measurement Period ended on or before the occurrence of such event: 

  (a)	any asset sale and any asset acquisition, Investment (or series of related Investments) (including any Acquisition) in excess of $50,000,000, capital expenditure, construction, repair, replacement, improvement, development, disposition, merger, amalgamation, consolidation, any dividend, distribution or other similar payment; 

  (b)	the designation of any Restricted Subsidiary as an Unrestricted Subsidiary or of any Unrestricted Subsidiary as a Restricted Subsidiary; 

  (c)	any incurrence, repayment, repurchase or redemption of Indebtedness, other than fluctuations in revolving borrowings in the ordinary course of business (and not resulting from a transaction as described in clause (a) above); 

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  (d)	the above pro forma calculations shall be made in good faith by the chief financial officer, principal accounting officer, treasurer or controller of the Company who is a Responsible Officer.  For purposes of making the computation referred to above, interest on any Indebtedness under a revolving credit facility computed on a pro forma basis shall be computed based upon the average daily balance of such Indebtedness during the applicable period, except to the extent the outstandings thereunder are reasonably expected to increase as a result of any transactions described in clause (a) above which occurred during the respective period or thereafter and on or prior to the date of determination. Interest on Indebtedness that may optionally be determined at an interest rate based upon a factor of a prime or similar rate, a eurocurrency interbank offered rate, or other rate, shall be deemed to have been based upon the rate actually chosen, or, if none, then based upon such optional rate chosen as the Company may designate.  Interest on a Capital Lease Obligation shall be deemed to accrue at an interest rate reasonably determined by the chief financial officer, principal accounting officer, treasurer or controller of the Company to be the rate of interest implicit in such Capital Lease Obligation in accordance with GAAP.  For the avoidance of doubt, the above pro forma calculations may include the amount of synergies and cost savings projected by the Company from actions taken or expected to be taken during the 12-month period following the date of such transaction, net of the amount of actual benefits theretofore realized during such period from such actions; provided that (x) such amounts are reasonably identifiable, quantifiable and factually supportable in the good faith judgment of the Company and the Administrative Agent, (y) such synergies and cost savings are directly attributable to such transaction, and (z)  no amounts shall be added pursuant to this clause (d) to the extent duplicative of any amounts that are otherwise added back in computing Consolidated EBITDA, whether through a pro forma adjustment or otherwise, with respect to such period, and the aggregate amount of cost savings and synergies added pursuant to this clause (d) for any such period during any such period, shall not exceed 10% of Consolidated EBITDA for such period, calculated without giving effect to any adjustment pursuant to this clause (d).

  “Pro Forma Compliance” means, with respect to any transaction, that such transaction does not cause, create or result in a Default after giving Pro Forma Effect, based upon the results of operations for the most recently completed Measurement Period to (a) such transaction and (b) all other transactions which are contemplated or required to be given Pro Forma Effect hereunder that have occurred on or after the first day of the relevant Measurement Period.

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

  “Public Lender” has the meaning specified in Section 6.02.

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

  “QFC Credit Support” has the meaning specified in Section 10.23.

  “Qualified ECP Guarantor” means, at any time, each Loan Party with total assets exceeding $10,000,000 or that qualifies at such time as an “eligible contract participant” under the Commodity Exchange Act and can cause another Person to qualify as an “eligible contract participant” at such time under Section 1a(18)(A)(v)(II) of the Commodity Exchange Act.

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  “Qualified Equity Interests” means any Equity Interest other than Disqualified Stock.

  “Rate Determination Date” means two (2) Business Days prior to the commencement of such Interest Period (or such other day as is generally treated as the rate fixing day by market practice in such interbank market, as determined by the Administrative Agent; provided that to the extent such market practice is not administratively feasible for the Administrative Agent, then “Rate Determination Date” means such other day as otherwise reasonably determined by the Administrative Agent).

  “Rating Agency” means each of Moody’s, S&P, and Fitch.

  “Receivables” means any "account" as defined under the UCC including without limitation, any receivable, account receivable, right to payment of a monetary obligation, indebtedness, contract right, chose in action, and proceeds thereof, wherever located, arising out of the sale, lease, license or assignment of any products or any other goods or services that are the subject of any contracts pursuant to which goods are sold or services are rendered by the Company and that give rise to any Receivables by the Company or any Restricted Subsidiary (“Goods” or “Services”, respectively); all related invoices, sales orders, bills of lading, and other contractual rights and supporting obligations relating thereto (“Invoices”); all rights to payment of any interest, finance, returned check or late charges, if any; all indebtedness and other obligations owed to the Company or any Restricted Subsidiary as a result of the sale of such Goods or Services pursuant to the Invoices; any and all returned, reclaimed, and repossessed Goods sold or financed pursuant thereto; all rights as to any Goods or other property, contracts of indemnity, letters of credit, guaranties or sureties, pledges, hypothecations, mortgages, chattel mortgages, security agreements, deeds of trust, proceeds of insurance (including credit insurance on such Receivables), and other collateral, liens or proceeds thereof at any time constituting supporting obligations for such Receivables; any proceeds of the foregoing; and any and all other rights, remedies, benefits and interests, both legal and equitable, to which the Company or any Restricted Subsidiary may be entitled in respect of any of the foregoing, including, but not limited to, any rights, remedies, benefits, and interests set forth in the UCC with respect to "accounts", "payment intangibles" or "supporting obligations". 

  “Receivables Related Rights” means, in relation to any Receivable that is the subject of a Receivables Transaction, (i) any rights under or relating to the contract governing such Receivable to the extent necessary to enforce collection of such Receivable, (ii) all security interests or Liens and property subject thereto from time to time purporting to secure payment of such Receivable, whether pursuant to the contract governing such Receivable or otherwise, (iii) all guarantees, insurance (but only to the extent such insurance relates solely to Receivables that are of the same type as the Receivables subject of the Receivables Transaction) and other agreements or arrangements of whatever character from time to time supporting or securing payment of such Receivable whether pursuant to the contract governing such Receivable or otherwise and (iv) other assets relating to such Receivable which are customarily transferred in connection with securitization, sales or factoring of Receivables, as applicable.

  “Receivables Sale Transaction” means, with respect to Company and/or any of the Restricted Subsidiaries, any transaction or series of transactions of sales or factoring involving Receivables and Receivables Related Rights pursuant to which Company or any Restricted 

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  Subsidiary may sell, convey or otherwise transfer to any other Person any Receivables (whether now existing or arising in the future) and Receivables Related Rights of Company or any Restricted Subsidiary.

  “Receivables Transaction” means any Receivables Sale Transaction or Securitization Transaction. 

  “Recipient” means the Administrative Agent, any Lender, any L/C Issuer or any other recipient of any payment to be made by or on account of any obligation of any Loan Party hereunder.

  “Register” has the meaning specified in Section 10.06(c).

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

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

  “Relevant Rate” means with respect to (a) any Credit Extension denominated in Euros, EURIBOR and (b) any Credit Extension denominated in any other Alternative Currency, the interest rate as designated with respect to such Alternative Currency at the time such Alternative Currency is approved pursuant to Section 1.09.

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

  “Required Lenders” means, at any time, Lenders having Total Credit Exposures representing more than 50% of the Total Credit Exposures of all Lenders.  The Total Credit Exposure of any Defaulting Lender shall be disregarded in determining Required Lenders at any time; provided that, the amount of any participation in any Swingline Loan and Unreimbursed Amounts that such Defaulting Lender has failed to fund that have not been reallocated to and funded by another Lender shall be deemed to be held by the Lender that is the Swingline Lender or L/C Issuer, as the case may be, in making such determination. 

  “Required Revolving Lenders” means, at any time, Revolving Lenders having Total Revolving Credit Exposures representing more than 50% of the Total Revolving Credit Exposures of all Revolving Lenders.  The Total Revolving Credit Exposure of any Defaulting Lender shall be disregarded in determining Required Revolving Lenders at any time; provided that, the amount of any participation in any Swingline Loan and Unreimbursed Amounts that such Defaulting Lender has failed to fund that have not been reallocated to and funded by another Lender shall be deemed to be held by the Revolving Lender that is the Swingline Lender or L/C Issuer, as the case may be, in making such determination. 

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  “Required Term Lenders” means, at any time, Term Lenders having Total Term Credit Exposures representing more than 50% of the Total Term Credit Exposures of all Term Lenders.  The Total Term Credit Exposure of any Defaulting Lender shall be disregarded in determining Required Term Lenders at any time.  

  “Rescindable Amount” has the meaning as defined in Section 2.12(b)(ii).

  “Resignation Effective Date” has the meaning set forth in Section 9.06.

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

  “Responsible Officer” means the chief executive officer, president, chief financial officer, treasurer, assistant treasurer or controller of a Loan Party, solely for purposes of the delivery of incumbency certificates pursuant to Section 4.01, the secretary or any assistant secretary of a Loan Party and, solely for purposes of notices given pursuant to Article II, any other officer or employee of the applicable Loan Party so designated by any of the foregoing officers in a notice to the Administrative Agent or any other officer or employee of the applicable Loan Party designated in or pursuant to an agreement between the applicable Loan Party and the Administrative Agent.  Any document delivered hereunder that is signed by a Responsible Officer of a Loan Party shall be conclusively presumed to have been authorized by all necessary corporate, partnership and/or other action on the part of such Loan Party and such Responsible Officer shall be conclusively presumed to have acted on behalf of such Loan Party. To the extent requested by the Administrative Agent, each Responsible Officer will provide an incumbency certificate and to the extent requested by the Administrative Agent, appropriate authorization documentation, in form and substance satisfactory to the Administrative Agent.

  “Restricted Payment” means (a) any dividend or other distribution, direct or indirect, on account of any shares (or equivalent) of any class of Equity Interests of the Company or any of its Subsidiaries, now or hereafter outstanding, (b) any redemption, retirement, sinking fund or similar payment, purchase or other acquisition for value, direct or indirect, of any shares (or equivalent) of any class of Equity Interests of the Company or any of its Subsidiaries, now or hereafter outstanding, and (c) any payment made to retire, or to obtain the surrender of, any outstanding warrants, options or other rights to acquire shares of any class of Equity Interests of any Loan Party or any of its Subsidiaries, now or hereafter outstanding.

  “Restricted Domestic Subsidiary” means any Domestic Subsidiary of the Company that is a Restricted Subsidiary. 

  “Restricted Subsidiary” means any Subsidiary that is not an Unrestricted Subsidiary.

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

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  Currency, (iii) in the case of all Existing Letters of Credit denominated in Alternative Currencies, the Closing Date, and (iv) such additional dates as the Administrative Agent or the applicable L/C Issuer shall determine or the Required Lenders shall require. 

  “Revolving Borrowing” means a borrowing consisting of simultaneous Revolving Loans of the same Type and, in the case of Eurodollar Rate Loans and Alternative Currency Term Rate Loans, having the same Interest Period made by each of the Revolving Lenders pursuant to Section 2.01(b).

  “Revolving Commitment” means, as to each Revolving Lender, its obligation to (a) make Revolving Loans to the Borrowers pursuant to Section 2.01(b), (b) purchase participations in L/C Obligations, and (c) purchase participations in Swingline Loans, in an aggregate principal amount at any one time outstanding not to exceed the amount set forth opposite such Lender’s name on Schedule 1.01(b) under the caption “Revolving Commitment” or opposite such caption in the Assignment and Assumption pursuant to which such Lender becomes a party hereto, as applicable, as such amount may be adjusted from time to time in accordance with this Agreement.  The Revolving Commitment of all of the Revolving Lenders on the Closing Date shall be $250,000,000.

  “Revolving Exposure” means, as to any Lender at any time, the aggregate principal amount at such time of its outstanding Revolving Loans and such Lender’s participation in L/C Obligations and Swingline Loans at such time.

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

  “Revolving Lender” means, at any time, (a) so long as any Revolving Commitment is in effect, any Lender that has a Revolving Commitment at such time or (b) if the Revolving Commitments have terminated or expired, any Lender that has a Revolving Loan or a participation in L/C Obligations or Swingline Loans at such time.

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

  “Revolving Note” means a promissory note made by the Borrowers in favor of a Revolving Lender evidencing Revolving Loans or Swingline Loans, as the case may be, made by such Revolving Lender, substantially in the form of Exhibit E-1.

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

  “Sale and Leaseback Obligations” of a Person means the present value (discounted in accounting with GAAP at the debt rate implied in the applicable lease) of the obligations of such Person as lessee for rental payments during the term of such lease. 

  “Sale and Leaseback Transaction” means, with respect to any Loan Party or any Restricted Subsidiary, any arrangement, directly or indirectly, with any Person whereby such Loan Party or such Restricted Subsidiary shall sell or transfer any property used or useful in its business, whether now owned or hereafter acquired, and thereafter rent or lease such property or other property that 

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  it intends to use for substantially the same purpose or purposes as the property being sold or transferred.

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

  “Sanction(s)” means any sanction administered or enforced by the United States Government (including, without limitation, OFAC), the United Nations Security Council, the European Union, Her Majesty’s Treasury (“HMT”) or other relevant sanctions authority.

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

  “Secured Cash Management Agreement” means any Cash Management Agreement between any Loan Party and any of its Restricted Subsidiaries and any Cash Management Bank.

  “Secured Hedge Agreement” means any interest rate, currency, foreign exchange, or commodity Swap Contract between any Loan Party and any of its Restricted Subsidiaries and any Hedge Bank.

  “Secured Obligations” means all Obligations and all Additional Secured Obligations.

  “Secured Parties” means, collectively, the Administrative Agent, the Lenders, the L/C Issuers, the Hedge Banks, the Cash Management Banks, the Indemnitees and each co-agent or sub-agent appointed by the Administrative Agent from time to time pursuant to Section 9.05.

  “Secured Party Designation Notice” means a notice from any Lender or an Affiliate of a Lender substantially in the form of Exhibit F.

  “Securitization Entity” means any special purpose Unrestricted Subsidiary of the Company formed solely for the purpose of effecting a Permitted Securitization Transaction and engaging in activities reasonably related or incidental thereto.

  “Securitization Transaction” means a financing arrangement involving the transfer or sale of Receivables and Receivables Related Rights of the Company or any Restricted Subsidiary through one or more Securitization Entities.

  “Security Agreement” means the security and pledge agreement executed in favor of the Administrative Agent by each of the Loan Parties.

  “Smart Electronics” means Smart Electronics and Assembly, Inc., a California corporation.

  “SOFR Early Opt-in” means the Administrative Agent and the Borrowers have elected to replace LIBOR pursuant to (1) an Early Opt-in Election and (2) Section 3.03(c)(i) and paragraph (a)(i) of the definition of “Benchmark Replacement”.

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

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

  “Specified Acquisition” means an Acquisition made by the Company or any of its Restricted Subsidiaries in which the aggregate cash consideration exceeds $50,000,000. 

  “Specified Acquisition Period” means a period elected by the Company that commences on the date elected by the Company, by notice to the Administrative Agent, following the occurrence of a Specified Acquisition and ending on the last day of the fourth full fiscal quarter occurring after the consummation of such Specified Acquisition.  Only one Specified Acquisition Period may be elected with respect to any particular Specified Acquisition, and only one Specified Acquisition Period may be in effect at any one time.

  “Specified Loan Party” means any Loan Party that is not then an “eligible contract participant” under the Commodity Exchange Act.

  “Spot Rate” for a currency means the rate determined by the Administrative Agent or the applicable L/C Issuer, as applicable, to be the rate quoted by the Person acting in such capacity as the spot rate for the purchase by such Person of such currency with another currency through its principal foreign exchange trading office at approximately 11:00 a.m. on the date two (2) Business Days prior to the date as of which the foreign exchange computation is made; provided that the Administrative Agent or such L/C Issuer may obtain such spot rate from another financial institution designated by the Administrative Agent or such L/C Issuer if the Person acting in such capacity does not have as of the date of determination a spot buying rate for any such currency; and provided further that such L/C Issuer may use such spot rate quoted on the date as of which the foreign exchange computation is made in the case of any Letter of Credit denominated in an Alternative Currency. 

  “Standard Receivables Undertakings” means representations, warranties, covenants and indemnities entered into by the Company or any Subsidiary of the Company that the Company has determined in good faith to be customary in a Permitted Receivables Sale Transaction.

  “Subordinated Debt” means subordinated debt securities issued by the Company that (a) are subordinated to the Obligations pursuant to subordination provisions approved by 

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  Administrative Agent, (b) contain covenants, events of default and mandatory redemption, repayment, prepayment or repurchase requirements approved by Administrative Agent, and (c) do not mature, and are not subject to any scheduled amortization, redemption, repayment, prepayment or repurchase requirement, prior to the date one year after the Maturity Date.

  “Subordinated Debt Documents” means all agreements (including without limitation intercreditor agreements, instruments and other documents) pursuant to which Subordinated Debt has been or will be issued or otherwise setting forth the terms of any Subordinated Debt. 

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

  “Supported QFC” has the meaning specified in Section 10.23.

  “Sustainability Linked Loan Principles” means the Sustainability Linked Loan Principles as most recently published by the Loan Market Association and Loan Syndications & Trading Association.

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

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

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

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  readily available quotations provided by any recognized dealer in such Swap Contracts (which may include a Lender or any Affiliate of a Lender).

  “Swingline Borrowing” means a borrowing of a Swingline Loan pursuant to Section 2.04.

  “Swingline Lender” means Bank of America in its capacity as provider of Swingline Loans, or any successor swingline lender hereunder.

  “Swingline Loan” has the meaning specified in Section 2.04(a).

  “Swingline Loan Notice” means a notice of a Swingline Borrowing pursuant to Section 2.04(b), which shall be substantially in the form of Exhibit G or such other form as approved by the Administrative Agent (including any form on an electronic platform or electronic transmission system as shall be approved by the Administrative Agent), appropriately completed and signed by a Responsible Officer of the Borrower.

  “Swingline Sublimit” means an amount equal to the lesser of (a) $20,000,000 and (b) the Revolving Facility.  The Swingline Sublimit is part of, and not in addition to, the Revolving Facility.

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

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

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

  “Term Borrowing” means a borrowing consisting of simultaneous Term Loans of the same Type and, in the case of Eurodollar Rate Loans and Alternative Currency Term Rate Loans, having the same Interest Period made by each of the Term Lenders pursuant to Section 2.01(a).

  “Term Facility” means, at any time, the aggregate principal amount of the Term Loans of all Term Lenders outstanding at such time.

  “Term Increase Effective Date” has the meaning set forth in Section 2.18(d). 

  “Term Lender” means, at any time, any Lender that holds Term Loans at such time.

  “Term Loan” means an advance made by any Term Lender under the Term Facility.

  “Term Note” means a promissory note made by the Borrowers in favor of a Term Lender evidencing Term Loans made by such Term Lender, substantially in the form of Exhibit E-2.

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  “Term SOFR” means, for the applicable corresponding tenor (or if any Available Tenor of a Benchmark does not correspond to an Available Tenor for the applicable Benchmark Replacement, the closest corresponding Available Tenor and if such Available Tenor corresponds equally to two Available Tenors of the applicable Benchmark Replacement, the corresponding tenor of the shorter duration shall be applied), the forward-looking term rate based on SOFR that has been selected or recommended by the Relevant Governmental Body.

  “Threshold Amount” means $25,000,000. 

  “Total Credit Exposure” means, as to any Lender at any time, the unused Revolving Commitments, Revolving Exposure and Outstanding Amount of all Term Loans of such Lender at such time.

  “Total Revolving Credit Exposure” means, as to any Revolving Lender at any time, the unused Revolving Commitments and Revolving Exposure of such Revolving Lender at such time. 

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

  “Total Term Credit Exposure” means, as to any Term Lender at any time, the Outstanding Amount of all Term Loans of such Term Lender at such time. 

  “Transactions” means, collectively, (a) the initial Credit Extensions under this Agreement, (b) the amendment and restatement of the Existing Credit Agreement, and (c) the payment of fees, commissions and expenses in connection with the foregoing.

  “Type” means, with respect to a Loan, its character as a Base Rate Loan, a Eurodollar Rate Loan, an Alternative Currency Daily Rate Loan, or an Alternative Currency Term Rate Loan.

  “UCC” means the Uniform Commercial Code as in effect in the State of New York; provided that, if perfection or the effect of perfection or non-perfection or the priority of any security interest in any Collateral is governed by the Uniform Commercial Code as in effect in a jurisdiction other than the State of New York, “UCC” means the Uniform Commercial Code as in effect from time to time in such other jurisdiction for purposes of the provisions hereof relating to such perfection, effect of perfection or non-perfection or priority.

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

  “Undisclosed Administration” means, in relation to a Lender or its direct or indirect parent company, the appointment of a receiver, custodian, conservator, trustee, administrator or similar Person by a regulatory authority under or based on the law in the country where such Lender or such direct or indirect parent company is subject to home jurisdiction, if applicable law requires that such appointment not be disclosed; provided that such appointment does not result in or provide such Lender or its direct or indirect parent company 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 its direct or indirect parent company (or appointed Person) to 

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  reject, repudiate, disavow or disaffirm any contracts or agreements made by such Lender or its direct or indirect parent company.

  “United States” and “U.S.” mean the United States of America.

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

  “Unrestricted Subsidiary” means (1) any Subsidiary of the Company, whether now owned or acquired or created after the Closing Date, that is designated after the Closing Date by the Company as an Unrestricted Subsidiary hereunder by written notice to the Administrative Agent; provided  that the Company shall only be permitted to so designate a new Unrestricted Subsidiary after the Closing Date so long as (a) no Default or Event of Default has occurred and is continuing or would result therefrom, (b) all Investments in such Unrestricted Subsidiary at the time of designation are permitted in accordance with the relevant requirements of Section 7.03, (c) such Subsidiary being designated as an “Unrestricted Subsidiary” shall also, concurrently with such designation and thereafter, constitute an “unrestricted subsidiary” (or otherwise not be subject to the covenants) under any Material Indebtedness issued or incurred on or after the Closing Date and (d) such Subsidiary was not previously designated as an Unrestricted Subsidiary and thereafter re-designated as a Restricted Subsidiary; and (2) any subsidiary of an Unrestricted Subsidiary. The designation of any Subsidiary as an Unrestricted Subsidiary shall constitute an Investment by the Company (or its Restricted Subsidiaries) therein at the date of designation in an amount equal to the fair market value of the Company’s (or its Restricted Subsidiaries’) Investments therein, which shall be required to be permitted on such date in accordance with Section 7.03 (and not as an Investment permitted thereby in a Restricted Subsidiary).  The Company may designate any Unrestricted Subsidiary to be a Restricted Subsidiary for purposes of this Agreement; provided  that no Default or Event of Default has occurred and is continuing or would result therefrom.  The designation of any Unrestricted Subsidiary as a Restricted Subsidiary on or after the Closing Date shall constitute (i) the incurrence at the time of designation of any Investment, Indebtedness or Liens of such Subsidiary existing at such time and (ii) a return on any Investment by the applicable Loan Party (or its relevant Subsidiaries) in Unrestricted Subsidiaries pursuant to the preceding sentence in an amount equal to the fair market value at the date of such designation of such Loan Party’s (or its relevant Subsidiaries’) Investment in such Subsidiary. 

  “U.S. Person” means any Person that is a “United States Person” as defined in Section 7701(a)(30) of the Code.

  “U.S. Special Resolution Regimes” has the meaning specified in Section 10.23.

  “U.S. Tax Compliance Certificate” has the meaning specified in Section 3.01(e)(ii)(B)(3).

  “UK Financial Institution” means any BRRD Undertaking (as such term is defined under the PRA Rulebook (as amended form time to time) promulgated by the United Kingdom Prudential Regulation Authority) or any person subject to 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.

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

  “Voting Stock” means, with respect to any Person, Equity Interests issued by such Person the holders of which are ordinarily, in the absence of contingencies, entitled to vote for the election of directors (or persons performing similar functions) of such Person, even though the right to so vote has been suspended by the happening of such contingency.

  “Wholly Owned Subsidiary” means any Subsidiary of the Company all the Equity Interests of which (other than directors’ qualifying shares and Equity Interests held by other Persons to the extent such Equity Interests are required by applicable Law to be held by a Person other than the Company or one of its Subsidiaries) is owned by the Company or one or more Wholly Owned Subsidiaries.

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

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

  1.02	Other Interpretive Provisions.

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

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

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  Person’s successors and assigns, (iii) the words “hereto,” “herein,” “hereof” and “hereunder,” and words of similar import when used in any Loan Document, shall be construed to refer to such Loan Document in its entirety and not to any particular provision thereof, (iv) all references in a Loan Document to Articles, Sections, Preliminary Statements, Exhibits and Schedules shall be construed to refer to Articles and Sections of, and Preliminary Statements, Exhibits and Schedules to, the Loan Document in which such references appear, (v) any reference to any law shall include all statutory and regulatory rules, regulations, orders and provisions consolidating, amending, replacing or interpreting such law and any reference to any law or regulation shall, unless otherwise specified, refer to such law or regulation as amended, modified, extended, restated, replaced or supplemented from time to time, and (vi) the words “asset” and “property” shall be construed to have the same meaning and effect and to refer to any and all tangible and intangible assets and properties, including cash, securities, accounts and contract rights.  Any and all references to “Borrower” regardless of whether preceded by the term a, any, each of, all, and/or, or any other similar term shall be deemed to refer, as the context requires, to each and every (and/or any one or all) parties constituting a Borrower, individually and/or in the aggregate.

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

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

  1.03	Accounting Terms.

  (a)	Generally.  All accounting terms not specifically or completely defined herein shall be construed in conformity with, and all financial data (including financial ratios and other financial calculations) required to be submitted pursuant to this Agreement shall be prepared in conformity with, GAAP applied on a consistent basis, as in effect from time to time, applied in a manner consistent with that used in preparing the Audited Financial Statements, except as otherwise specifically prescribed herein.  Notwithstanding the foregoing, for purposes of determining compliance with any covenant (including the computation of any financial covenant) contained herein, Indebtedness of the Company and its Subsidiaries shall be deemed to be carried at 100% of the outstanding principal amount thereof, and the effects of FASB ASC 825 on financial liabilities shall be disregarded.

  (b)	Changes in GAAP.  If at any time any change in GAAP (including the adoption of IFRS) would affect the computation of any financial ratio or requirement set forth in any Loan Document, and either the Company or the Required Lenders shall so request, the Administrative Agent, the Lenders and the Company shall negotiate in good faith to amend such ratio or requirement to preserve the original intent thereof in light of such change in GAAP (subject to the approval of the Required Lenders); provided that, until so amended, (i) such ratio or requirement shall continue to be computed in accordance with GAAP prior to such change therein and (ii) the Company shall provide to the Administrative Agent and the Lenders financial statements and other documents required under this Agreement or as reasonably requested hereunder setting forth a reconciliation between calculations of such ratio or requirement made before and after giving 

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  effect to such change in GAAP; provided further that all accounting terms, ratios and calculations shall be determined without giving effect to Accounting Standards Codification 842 (or any other Accounting Standards Codification or Financial Accounting Standard having a similar result or effect) (and related interpretations) to the extent any lease (or similar arrangement conveying the right to use) would  be required to be treated as a capital lease thereunder where such lease (or similar arrangement) would have been treated as an operating lease under GAAP as in effect immediately prior to the effectiveness of  the Accounting Standards Codification 842, provided that the Company shall provide to the Administrative Agent and the Lenders financial statements and other documents reasonably requested by the Administrative Agent and the Lenders setting forth a reconciliation between calculations of such ratio or requirement made in accordance with GAAP and made without giving effect to Account Standards Codification 842.

  1.04	Rounding.

  Any financial ratios required to be maintained by the Company pursuant to this Agreement shall be calculated by dividing the appropriate component by the other component, carrying the result to one place more than the number of places by which such ratio is expressed herein and rounding the result up or down to the nearest number (with a rounding-up if there is no nearest number).

  1.05	Times of Day.

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

  1.06	Letter of Credit Amounts.

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

  1.07	UCC Terms.

  Terms defined in the UCC in effect on the Closing Date and not otherwise defined herein shall, unless the context otherwise indicates, have the meanings provided by those definitions.  Subject to the foregoing, the term “UCC” refers, as of any date of determination, to the UCC then in effect.

  1.08	Exchange Rates; Currency Equivalents.

  (a)	The Administrative Agent or the L/C Issuers, as applicable, shall determine the Dollar Equivalent amounts of Credit Extensions and Outstanding Amounts denominated in Alternative Currencies. Such Dollar Equivalent shall become effective as of such Revaluation Date and shall be the Dollar Equivalent of such amounts until the next Revaluation Date to occur. Except 

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  for purposes of financial statements delivered by Loan Parties hereunder or calculating financial covenants hereunder or except as otherwise provided herein, the applicable amount of any currency (other than Dollars) for purposes of the Loan Documents shall be such Dollar Equivalent amount as so determined by the Administrative Agent or the L/C Issuers, as applicable.

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

  (c)	The Administrative Agent does not warrant, nor accept responsibility, nor shall the Administrative Agent have any liability with respect to the administration, submission or any other matter related to the rates in the definition of “Eurodollar Rate”, “Alternative Currency Daily Rate, “Alternative Currency Term Rate”, the selection of rates, any related spread or adjustment or with respect to any rate that is an alternative or replacement for or successor to any of such rates (including, without limitation, any Successor Rate) or the effect of any of the foregoing, or of any Conforming Changes. 

  1.09	Additional Alternative Currencies.

  (a)	The Company may from time to time request that Alternative Currency Loans be made and/or Letters of Credit be issued in a currency other than those specifically listed in the definition of “Alternative Currency”; provided that (i) such requested currency is an Eligible Currency. In the case of any such request with respect to the making of Alternative Currency Loans, such request shall be subject to the approval of the Administrative Agent and each Lender with a Revolving Commitment under which such currency is requested to be made available; and in the case of any such request with respect to the issuance of Letters of Credit, such request shall be subject to the approval of the Administrative Agent and the applicable L/C Issuer.

  (b)	Any such request shall be made to the Administrative Agent not later than 11:00 a.m., twenty (20) Business Days prior to the date of the desired Credit Extension (or such other time or date as may be agreed by the Administrative Agent and, in the case of any such request pertaining to Letters of Credit, the L/C Issuers, in its or their sole discretion). In the case of any such request pertaining to Alternative Currency Loans, the Administrative Agent shall promptly notify each Appropriate Lender thereof; and in the case of any such request pertaining to Letters of Credit, the Administrative Agent shall promptly notify the L/C Issuers thereof. Each Appropriate Lender (in the case of any such request pertaining to Alternative Currency Loans) or the L/C Issuers (in the case of a request pertaining to Letters of Credit) shall notify the Administrative Agent, not later than 11:00 a.m., ten (10) Business Days after receipt of such request whether it consents, in its sole discretion, to the making of Alternative Currency Loans or the issuance of Letters of Credit, as the case may be, in such requested currency.

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  (c)	Any failure by a Lender or an L/C Issuer, as the case may be, to respond to such request within the time period specified in the preceding sentence shall be deemed to be a refusal by such Lender or such L/C Issuer, as the case may be, to permit Alternative Currency Loans to be made or Letters of Credit to be issued in such requested currency. If the Administrative Agent and all the Lenders consent to making Alternative Currency Loans in such requested currency and the Administrative Agent and such Lenders reasonably determine that an appropriate interest rate is available to be used for such requested currency, the Administrative Agent shall so notify the Company and (i) the Administrative Agent and such Lenders may amend the definition of Alternative Currency Daily Rate or Alternative Currency Term Rate to the extent necessary to add the applicable rate for such currency and any applicable adjustment for such rate and (ii) to the extent the definition of Alternative Currency Daily Rate or Alternative Currency Term Rate, as applicable, has been amended to reflect the appropriate rate for such currency, such currency shall thereupon be deemed for all purposes to be an Alternative Currency for purposes of any Borrowings of Alternative Currency Loans. If the Administrative Agent and the L/C Issuers consent to the issuance of Letters of Credit in such requested currency, the Administrative Agent shall so notify the Company and (iii) the Administrative Agent and the L/C Issuers may amend the definition of Alternative Currency Daily Rate or Alternative Currency Term Rate, as applicable, to the extent necessary to add the applicable rate for such currency and any applicable adjustment for such rate and (iv) to the extent the definition of Alternative Currency Daily Rate or Alternative Currency Term Rate, as applicable, has been amended to reflect the appropriate rate for such currency, such currency shall thereupon be deemed for all purposes to be an Alternative Currency, for purposes of any Letter of Credit issuances. If the Administrative Agent shall fail to obtain consent to any request for an additional currency under this Section 1.09, the Administrative Agent shall promptly so notify the Company. 

  1.10	Change of Currency. 

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

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

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

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  1.11	Divisions.  

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

  ARTICLE II
COMMITMENTS AND CREDIT EXTENSIONS

  2.01	Loans.

  (a)	Term Borrowing.  The Existing Lenders advanced a term loan to the Company on July 20, 2018 in an original principal amount of $150,000,000. As of the Closing Date, $131,250,000 of such original principal amount remains outstanding, and comprises the Term Loan hereunder.  Term Borrowings repaid or prepaid may not be reborrowed.  The Term Loan may be Base Rate Loans, Eurodollar Rate Loans or Alternative Currency Loans, as further provided herein.

  (b)	Revolving Borrowings.  Subject to the terms and conditions set forth herein, each Revolving Lender severally agrees to make loans (each such loan, a “Revolving Loan”) to any Borrower, in Dollars or in one or more Alternative Currencies, from time to time, on any Business Day during the Availability Period, in an aggregate amount not to exceed at any time outstanding the amount of such Lender’s Revolving Commitment; provided, however, that after giving effect to any Revolving Borrowing, (i) the Total Revolving Outstandings shall not exceed the Revolving Facility, (ii) the Revolving Exposure of any Lender shall not exceed such Revolving Lender’s Revolving Commitment, and (iii) the aggregate Outstanding Amount of all Loans and L/C Obligations denominated in Alternative Currencies shall not exceed the Alternative Currency Sublimit.  Within the limits of each Revolving Lender’s Revolving Commitment, and subject to the other terms and conditions hereof, any Borrower may borrow Revolving Loans, prepay under Section 2.05, and reborrow under this Section 2.01(b).  Revolving Loans may be Base Rate Loans, Eurodollar Rate Loans or Alternative Currency Loans, as further provided herein; provided, however, any Revolving Borrowings made on the Closing Date or any of the three (3) Business Days following the Closing Date shall be made as Base Rate Loans unless such Borrower delivers a funding indemnity letter not less than three (3) Business Days prior to the date of such Revolving Borrowing.  

  2.02	Borrowings, Conversions and Continuations of Loans.  

  (a)	Notice of Borrowing.  Each Borrowing, each conversion of Loans from one Type to the other, and each continuation of Eurodollar Rate Loans or Alternative Currency Term Rate Loans shall be made upon any Borrower’s irrevocable notice to the Administrative Agent, which may be given by: (A) telephone or (B) a Loan Notice; provided that any telephonic notice must be confirmed immediately by delivery to the Administrative Agent of a Loan Notice.  Each such Loan 

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  Notice must be received by the Administrative Agent not later than 11:00 a.m. (i) three (3) Business Days prior to the requested date of any Borrowing of, conversion to or continuation of Eurodollar Rate Loans or of any conversion of Eurodollar Rate Loans to Base Rate Loans, (ii) four (4) Business Days (or five (5) Business Days in the case of a Special Notice Currency) prior to the requested date of any Borrowing or continuation of Alternative Currency Loans, and (iii) on the requested date of any Borrowing of Base Rate Loans; provided, however, that if any Borrower wishes to request Eurodollar Rate Loans or Alternative Currency Term Rate Loans having an Interest Period other than one (1), three (3) or six (6) months in duration as provided in the definition of “Interest Period”, the applicable notice must be received by the Administrative Agent not later than 11:00 a.m. (i) four (4) Business Days prior to the requested date of such Borrowing, conversion or continuation of Eurodollar Rate Loans, or (ii) five (5) Business Days (or six (6) Business Days in the case of a Special Notice Currency) prior to the requested date of such Borrower, conversion or continuation of Alternative Currency Term Rate Loans, whereupon the Administrative Agent shall give prompt notice to the Appropriate Lenders of such request and determine whether the requested Interest Period is acceptable to all of them.  Not later than 11:00 a.m., (i) three (3) Business Days before the requested date of such Borrowing, conversion or continuation of Eurodollar Rate Loans, or (ii) four (4) Business Days (or five (5) Business Days in the case of a Special Notice Currency) prior to the requested date of any such Borrower, conversion or continuation of Alternative Currency Term Rate Loans, the Administrative Agent shall notify such Borrower (which notice may be by telephone) whether or not the requested Interest Period has been consented to by all the Lenders.  Each Borrowing of, conversion to or continuation of Eurodollar Rate Loans and each Borrowing of, conversion to or continuation of Alternative Currency Loans shall be in a principal amount of the Dollar Equivalent of $5,000,000 or a whole multiple of the Dollar Equivalent of $1,000,000 in excess thereof (or, in connection with any conversion or continuation of a Term Loan, if less, the entire principal thereof then outstanding).  Except as provided in Sections 2.03(c) and 2.04(c), each Borrowing of or conversion to Base Rate Loans shall be in a principal amount of the Dollar Equivalent of $500,000 or a whole multiple of the Dollar Equivalent of $100,000 in excess thereof (or, in connection with any conversion or continuation of a Term Loan, if less, the entire principal thereof then outstanding).  Each Loan Notice and each telephonic notice shall specify (A) the applicable Facility and whether such Borrower is requesting a Borrowing, a conversion of Loans from one Type to the other, or a continuation of Loans, as the case may be, under such Facility, (B) the requested date of the Borrowing, conversion or continuation, as the case may be (which shall be a Business Day), (C) the principal amount of Loans to be borrowed, converted or continued, (D) the Type of Loans to be borrowed or to which existing Loans are to be converted, (E) if applicable, the duration of the Interest Period with respect thereto, and (F) the currency of the Loans to be borrowed.  If the applicable Borrower fails to specify a currency in a Loan Notice requesting a Borrowing, then the Loans so requested shall be made in Dollars. If the applicable Borrower fails to specify a Type of Loan in a Loan Notice or if such Borrower fails to give a timely notice requesting a conversion or continuation, then the applicable Loans shall be made as, or converted to, Base Rate Loans; provided, however, that in the case of a failure to timely request a continuation of Alternative Currency Term Rate Loans, such Loans shall be continued as Alternative Currency Term Rate Loans Loans in their original currency with an Interest Period of one (1) month.  Any such automatic conversion to Base Rate Loans shall be effective as of the last day of the Interest Period then in effect with respect to the applicable Eurodollar Rate Loans.  If any such Borrower requests a Borrowing of, conversion to, or continuation of Eurodollar Rate Loans in any such Loan Notice, 

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  but fails to specify an Interest Period, it will be deemed to have specified an Interest Period of one (1) month.  Notwithstanding anything to the contrary herein, a Swingline Loan may not be converted to a Eurodollar Rate Loan.  Except as provided pursuant to Section 2.02(c), no Loan may be converted into or continued as a Loan denominated in a different currency, but instead must be repaid in the original currency of such Loan and reborrowed in the other currency.

  (b)	Advances.  Following receipt of a Loan Notice for a Facility, the Administrative Agent shall promptly notify each Appropriate Lender of the amount (and currency) of its Applicable Percentage under such Facility of the applicable Loans, and if no timely notice of a conversion or continuation is provided by such Borrower, the Administrative Agent shall notify each Appropriate Lender of the details of any automatic conversion to Base Rate Loans or continuation of Loans denominated in a currency other than Dollars, in each case as described in Section 2.02(a).  In the case of a Borrowing, each Appropriate Lender shall make the amount of its Loan available to the Administrative Agent in Same Day Funds at the Administrative Agent’s Office for the applicable currency not later than 1:00 p.m., in the case of any Loan denominated in Dollars, and not later than the Applicable Time specified by the Administrative Agent in the case of any Loan in an Alternative Currency, in each case on the Business Day specified in the applicable Loan Notice.  Upon satisfaction of the applicable conditions set forth in Section 4.02 (and, if such Borrowing is the initial Credit Extension, Section 4.01), the Administrative Agent shall make all funds so received available to the applicable Borrower in like funds as received by the Administrative Agent either by (i) crediting the account of such Borrower on the books of Bank of America with the amount of such funds or (ii) wire transfer of such funds, in each case in accordance with instructions provided to (and reasonably acceptable to) the Administrative Agent by such Borrower; provided, however, that if, on the date a Loan Notice with respect to a Revolving Borrowing denominated in Dollars is given by such Borrower, there are L/C Borrowings outstanding, then the proceeds of such Revolving Borrowing, first, shall be applied to the payment in full of any such L/C Borrowings, and second, shall be made available to such Borrower as provided above.

  (c)	Eurodollar Rate Loans.  Except as otherwise provided herein, a Eurodollar Rate Loan may be continued or converted only on the last day of an Interest Period for such Eurodollar Rate Loan.  During the existence of a Default, no Loans may be requested as, converted to or continued as Eurodollar Rate Loans without the consent of the Required Lenders, and the Required Lenders may demand that any or all of the outstanding Eurodollar Rate Loans be converted immediately to Base Rate Loans.

  (d)	Alternative Currency Term Rate Loans. Except as otherwise provided herein, an Alternative Currency Term Rate Loan may be continued or converted only on the last day of an Interest Period for such Alternative Currency Term Rate Loan. During the existence of a Default, no Loans may be requested as, or converted to Eurodollar Rate Loans or Alternative Currency Daily Rate Loans or requested as, converted to or continued as Alternative Currency Term Rate Loans without the consent of the Required Lenders, and the Required Lenders may demand that and any or all of the then outstanding Alternative Currency Loans be prepaid, or redenominated into Dollars in the amount of the Dollar Equivalent thereof, on the last day of the then current Interest Period with respect thereto.

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  (e)	Interest Rates. Each determination of an interest rate by the Administrative Agent pursuant to any provision of this Agreement shall be conclusive and binding on the Borrowers and the Lenders in the absence of manifest error.

  (f)	Interest Periods.  After giving effect to all Borrowings, all conversions of Loans from one Type to the other, and all continuations of Loans as the same Type, there shall not be more than twelve (12) Interest Periods in effect in respect of the Facilities.  

  (g)	Cashless Settlement Mechanism.  Notwithstanding anything to the contrary in this Agreement, any Lender may exchange, continue or rollover all or the portion of its Loans in connection with any refinancing, extension, loan modification or similar transaction permitted by the terms of this Agreement, pursuant to a cashless settlement mechanism approved by the Borrowers, the Administrative Agent and such Lender.

  (h)	With respect to any Alternative Currency Daily Rate, the Administrative Agent will have the right to make Conforming Changes from time to time and, notwithstanding anything to the contrary herein or in any other Loan Document, any amendments implementing such Conforming Changes will become effective without any further action or consent of any other party to this Agreement or any other Loan Document; provided that, with respect to any such amendment effected, the Administrative Agent shall post each such amendment implementing such Conforming Changes to the Borrowers and the Lenders reasonably promptly after such amendment becomes effective.

  2.03	Letters of Credit.

  (a)	The Letter of Credit Commitment.

  (i)	Subject to the terms and conditions set forth herein, (A) each L/C Issuer agrees, in reliance upon the agreements of the Revolving Lenders set forth in this Section, (1) from time to time on any Business Day during the period from the Closing Date until the Letter of Credit Expiration Date, to issue Letters of Credit for the account of the Company or any of its Restricted Domestic Subsidiaries or in such L/C Issuer’s sole and absolute discretion, any of its Foreign Subsidiaries that are Restricted Subsidiaries, and to amend or extend Letters of Credit previously issued by it, in accordance with Section 2.03(b), and (2) to honor drawings under the Letters of Credit; and (B) the Revolving Lenders severally agree to participate in Letters of Credit issued for the account of the Company or its Restricted Subsidiaries and any drawings thereunder; provided that after giving effect to any L/C Credit Extension with respect to any Letter of Credit, (w) the Total Revolving Outstandings shall not exceed the Revolving Facility, (x) the Revolving Exposure of any Revolving Lender shall not exceed such Lender’s Revolving Commitment, (y) the Outstanding Amount of the L/C Obligations shall not exceed the Letter of Credit Sublimit, and (z) the aggregate Outstanding Amount of all Loans and L/C Obligations denominated in Alternative Currencies shall not exceed the Alternative Currency Sublimit; provided, further, that after giving effect to all L/C Credit Extensions, the aggregate Outstanding Amount of all L/C Obligations of any L/C Issuer shall not exceed such L/C Issuer’s L/C Commitment.  Each request by the Company for the issuance or amendment of a Letter of Credit shall be deemed to be a representation by the Company 

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  that the L/C Credit Extension so requested complies with the conditions set forth in the proviso to the preceding sentence.  Within the foregoing limits, and subject to the terms and conditions hereof, the Company’s ability to obtain Letters of Credit shall be fully revolving, and accordingly the Company may, during the foregoing period, obtain Letters of Credit to replace Letters of Credit that have expired or that have been drawn upon and reimbursed.  All Existing Letters of Credit shall be deemed to have been issued pursuant hereto and deemed L/C Obligations, and from and after the Closing Date shall be subject to and governed by the terms and conditions hereof.

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

  (A)	the expiry date of the requested Letter of Credit would occur more than twelve (12) months after the date of issuance, unless the Required Revolving Lenders have approved such expiry date; or

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

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

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

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

  (C)	except as otherwise agreed by the Administrative Agent and such L/C Issuer, the Letter of Credit is in an initial stated amount less than $500,000;

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

  (E)	any Revolving Lender is at that time a Defaulting Lender, unless such L/C Issuer has entered into arrangements, including the delivery of Cash Collateral, satisfactory to such L/C Issuer (in its sole discretion) with the Company or such Revolving Lender to eliminate such L/C Issuer’s actual or potential 

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  Fronting Exposure (after giving effect to Section 2.15(a)(iv)) with respect to the Defaulting Lender arising from either the Letter of Credit then proposed to be issued or that Letter of Credit and all other L/C Obligations as to which such L/C Issuer has actual or potential Fronting Exposure, as it may elect in its sole discretion;

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

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

  (iv)	No L/C Issuer shall amend any Letter of Credit if such L/C Issuer would not be permitted at such time to issue the Letter of Credit in its amended form under the terms hereof.

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

  (vi)	No L/C Issuer shall act on behalf of the Revolving Lenders with respect to any Letters of Credit issued by it and the documents associated therewith, and such L/C Issuer shall have all of the benefits and immunities (A) provided to the Administrative Agent in Article IX with respect to any acts taken or omissions suffered by such L/C Issuer in connection with Letters of Credit issued by it or proposed to be issued by it and Issuer Documents pertaining to such Letters of Credit as fully as if the term “Administrative Agent” as used in Article IX included such L/C Issuer with respect to such acts or omissions, and (B) as additionally provided herein with respect to such L/C Issuer.

  (b)	Procedures for Issuance and Amendment of Letters of Credit.

  (i)	Each Letter of Credit shall be issued or amended, as the case may be, upon the request of the Company delivered to the applicable L/C Issuer (with a copy to the Administrative Agent) in the form of a Letter of Credit Application, appropriately completed and signed by a Responsible Officer of the Company and/or such Restricted Subsidiary, as required by such L/C Issuer. Such Letter of Credit Application may be sent by fax transmission, by United States mail, by overnight courier, by electronic transmission using the system provided by such L/C Issuer, by personal delivery or by any other means acceptable to such L/C Issuer. Such Letter of Credit Application must be received by such L/C Issuer and the Administrative Agent not later than (x) in the case of a Letter of Credit denominated in Dollars, 11:00 a.m. at least two (2) Business Days (or such later date and time as the Administrative Agent and such L/C Issuer may agree in a particular instance in their sole discretion) prior to the proposed issuance date or date of amendment, as the case may be and (y) in the case of a Letter of Credit denominated in an Alternative Currency, 11:00 a.m. at least five (5) Business Days (or such later date and time as the Administrative Agent and such L/C Issuer may agree in a particular instance in their sole discretion) prior 

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  to the proposed issuance date or date of amendment, as the case may be.  In the case of a request for an initial issuance of a Letter of Credit, such Letter of Credit Application shall specify in form and detail satisfactory to such L/C Issuer:  (A) the proposed issuance date of the requested Letter of Credit (which shall be a Business Day); (B) the amount and currency thereof and in the absence of specification of currency shall be deemed a request for a Letter of Credit denominated in Dollars; (C) the expiry date thereof; (D) the name and address of the beneficiary thereof; (E) the documents to be presented by such beneficiary in case of any drawing thereunder; (F) the full text of any certificate to be presented by such beneficiary in case of any drawing thereunder; (G) the purpose and nature of the requested Letter of Credit; and (H) such other matters as such L/C Issuer may require.  In the case of a request for an amendment of any outstanding Letter of Credit, such Letter of Credit Application shall specify in form and detail satisfactory to such L/C Issuer (1) the Letter of Credit to be amended; (2) the proposed date of amendment thereof (which shall be a Business Day); (3) the nature of the proposed amendment; and (4) such other matters as such L/C Issuer may require.  Additionally, the Company shall furnish to such L/C Issuer and the Administrative Agent such other documents and information pertaining to such requested Letter of Credit issuance or amendment, including any Issuer Documents, as such L/C Issuer or the Administrative Agent may require.

  (ii)	Promptly after receipt of any Letter of Credit Application, the applicable L/C Issuer will confirm with the Administrative Agent (by telephone or in writing) that the Administrative Agent has received a copy of such Letter of Credit Application from the Company and, if not, such L/C Issuer will provide the Administrative Agent with a copy thereof.  Unless such L/C Issuer has received written notice from any Revolving Lender, the Administrative Agent or any Loan Party, at least one (1) Business Day prior to the requested date of issuance or amendment of the applicable Letter of Credit, that one or more applicable conditions contained in Article IV shall not then be satisfied, then, subject to the terms and conditions hereof, such L/C Issuer shall, on the requested date, issue a Letter of Credit for the account of the Company (or the applicable Restricted Subsidiary) or enter into the applicable amendment, as the case may be, in each case in accordance with such L/C Issuer’s usual and customary business practices.  Immediately upon the issuance of each Letter of Credit, each Revolving Lender shall be deemed to, and hereby irrevocably and unconditionally agrees to, purchase from such L/C Issuer a risk participation in such Letter of Credit in an amount equal to the product of such Revolving Lender’s Applicable Revolving Percentage times the amount of such Letter of Credit.

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

  (iv)	If the Company so requests in any applicable Letter of Credit Application, the applicable L/C Issuer may, in its sole discretion, agree to issue a standby Letter of Credit that has automatic extension provisions (each, an “Auto-Extension Letter of Credit”); provided that any such Auto-Extension Letter of Credit must permit such L/C Issuer to prevent any such extension at least once in each twelve (12) month period (commencing with the date of issuance of such Letter of Credit) by giving prior notice to the beneficiary 

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  thereof not later than a day (the “Non-Extension Notice Date”) in each such twelve (12) month period to be agreed upon at the time such Letter of Credit is issued.  Unless otherwise directed by such L/C Issuer, the Company shall not be required to make a specific request to such L/C Issuer for any such extension.  Once an Auto-Extension Letter of Credit has been issued, the Revolving Lenders shall be deemed to have authorized (but may not require) such L/C Issuer to permit the extension of such Letter of Credit at any time to an expiry date not later than the Letter of Credit Expiration Date; provided, however, that such L/C Issuer shall not permit any such extension if (A) such L/C Issuer has determined that it would not be permitted, or would have no obligation at such time to issue such Letter of Credit in its revised form (as extended) under the terms hereof (by reason of the provisions of clause (ii) or (iii) of Section 2.03(a) or otherwise), or (B) it has received notice (which may be by telephone or in writing) on or before the day that is seven (7) Business Days before the Non-Extension Notice Date (1) from the Administrative Agent that the Required Revolving Lenders have elected not to permit such extension or (2) from the Administrative Agent, any Revolving Lender or the Company that one or more of the applicable conditions specified in Section 4.02 is not then satisfied, and in each such case directing such L/C Issuer not to permit such extension.

  (c)	Drawings and Reimbursements; Funding of Participations.

  (i)	Upon receipt from the beneficiary of any Letter of Credit of any notice of a drawing under such Letter of Credit, the applicable L/C Issuer shall notify the Company and the Administrative Agent thereof.  In the case of a Letter of Credit denominated in an Alternative Currency, the Company shall reimburse the applicable L/C Issuer in such Alternative Currency, unless (A) such L/C Issuer (at its option) shall have specified in such notice that it will require reimbursement in Dollars, or (B) in the absence of any such requirement for reimbursement in Dollars, the Company shall have notified such L/C Issuer promptly following receipt of the notice of drawing that the Company will reimburse such L/C Issuer in Dollars.  In the case of any such reimbursement in Dollars of a drawing under a Letter of Credit denominated in an Alternative Currency, such L/C Issuer shall notify the Company of the Dollar Equivalent of the amount of the drawing promptly following the determination thereof.  Not later than 11:00 a.m. on the date of any payment by such L/C Issuer under a Letter of Credit to be reimbursed in Dollars, or the Applicable Time on the date of any payment by such L/C Issuer under a Letter of Credit to be reimbursed in an Alternative Currency (each such date, an “Honor Date”), the Company shall reimburse such L/C Issuer in an amount equal to the amount of such drawing and in the applicable currency.  In the event that (A) a drawing denominated in an Alternative Currency is to be reimbursed in Dollars pursuant to the second sentence in this Section 2.03(c)(i) and (B) the Dollar amount paid by the Company, whether on or after the Honor Date, shall not be adequate on the date of that payment to purchase in accordance with normal banking procedures a sum denominated in the Alternative Currency equal to the drawing, the Company agrees, as a separate and independent obligation, to indemnify the applicable L/C Issuer for the loss resulting from its inability on that date to purchase the Alternative Currency in the full amount of the drawing.  If the Company fails to so reimburse such L/C Issuer by such time, the Administrative Agent shall promptly notify each Revolving Lender of the Honor Date, the amount of the unreimbursed drawing (expressed in Dollars in the amount of the Dollar Equivalent thereof in the case of a Letter of Credit denominated in an 

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  Alternative Currency) (the “Unreimbursed Amount”), and the amount of such Revolving Lender’s Applicable Revolving Percentage thereof.  In such event, the Company shall be deemed to have requested a Revolving Borrowing of Base Rate Loans to be disbursed on the Honor Date in an amount equal to the Unreimbursed Amount, without regard to the minimum and multiples specified in Section 2.02 for the principal amount of Base Rate Loans, but subject to the amount of the unutilized portion of the Revolving Commitments and the conditions set forth in Section 4.02 (other than the delivery of a Loan Notice).  Any notice given by an L/C Issuer or the Administrative Agent pursuant to this Section 2.03(c)(i) may be given by telephone if immediately confirmed in writing; provided that the lack of such an immediate confirmation shall not affect the conclusiveness or binding effect of such notice.

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

  (iii)	With respect to any Unreimbursed Amount that is not fully refinanced by a Revolving Borrowing of Base Rate Loans because the conditions set forth in Section 4.02 cannot be satisfied or for any other reason, the Company shall be deemed to have incurred from the applicable L/C Issuer an L/C Borrowing in the amount of the Unreimbursed Amount that is not so refinanced, which L/C Borrowing shall be due and payable on demand (together with interest) and shall bear interest at the Default Rate.  In such event, each Revolving Lender’s payment to the Administrative Agent for the account of such L/C Issuer pursuant to Section 2.03(c)(ii) shall be deemed payment in respect of its participation in such L/C Borrowing and shall constitute an L/C Advance from such Lender in satisfaction of its participation obligation under this Section.

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

  (v)	Each Revolving Lender’s obligation to make Revolving Loans or L/C Advances to reimburse the applicable L/C Issuer for amounts drawn under Letters of Credit, as contemplated by this Section 2.03(c), shall be absolute and unconditional and shall not be affected by any circumstance, including (A) any setoff, counterclaim, recoupment, defense or other right which such Lender may have against such L/C Issuer, the Company, any Subsidiary or any other Person for any reason whatsoever; (B) the occurrence or continuance of a Default; or (C) any other occurrence, event or condition, whether or not similar to any of the foregoing; provided, however, that each Revolving Lender’s obligation to make Revolving Loans pursuant to this Section 2.03(c) is subject to 

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  the conditions set forth in Section 4.02 (other than delivery by the Company of a Loan Notice).  No such making of an L/C Advance shall relieve or otherwise impair the obligation of the Company to reimburse such L/C Issuer for the amount of any payment made by such L/C Issuer under any Letter of Credit, together with interest as provided herein.

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

  (d)	Repayment of Participations.

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

  (ii)	If any payment received by the Administrative Agent for the account of such L/C Issuer pursuant to Section 2.03(c)(i) is required to be returned under any of the circumstances described in Section 10.05 (including pursuant to any settlement entered into by such L/C Issuer in its discretion), each Revolving Lender shall pay to the Administrative Agent for the account of such L/C Issuer its Applicable Revolving Percentage thereof on demand of the Administrative Agent, plus interest thereon from the date of such demand to the date such amount is returned by such Lender, at a rate per annum equal to the applicable Overnight Rate from time to time in effect.  The obligations of the Lenders under this clause shall survive the payment in full of the Obligations and the termination of this Agreement.

  (e)	Obligations Absolute.  The obligation of the Company to reimburse the applicable L/C Issuer for each drawing under each Letter of Credit and to repay each L/C Borrowing shall be 

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  absolute, unconditional and irrevocable, and shall be paid strictly in accordance with the terms of this Agreement under all circumstances, including the following:

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

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

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

  (iv)	waiver by such L/C Issuer of any requirement that exists for such L/C Issuer’s protection and not the protection of the Company or any waiver by such L/C Issuer which does not in fact materially prejudice the Company;

  (v)	honor of a demand for payment presented electronically even if such Letter of Credit requires that demand be in the form of a draft;

  (vi)	any payment made by such L/C Issuer in respect of an otherwise complying item presented after the date specified as the expiration date of, or the date by which documents must be received under, such Letter of Credit if presentation after such date is authorized by the UCC, the ISP or the UCP, as applicable;

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

  (viii)	any other circumstance or happening whatsoever, whether or not similar to any of the foregoing, including any other circumstance that might otherwise constitute a defense available to, or a discharge of, the Company or any of its Subsidiaries; or 

  (ix)	any adverse change in the relevant exchange rates or in the availability of the relevant Alternative Currency to the Company or any Subsidiary or in the relevant currency markets generally.

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

  (f)	Role of L/C Issuer.  Each Lender and the Company agree that, in paying any drawing under a Letter of Credit, no L/C Issuer shall have any responsibility to obtain any document (other than any sight or time draft, certificates and documents expressly required by the Letter of Credit) or to ascertain or inquire as to the validity or accuracy of any such document or the authority of the Person executing or delivering any such document.  None of the L/C Issuers, the Administrative Agent, any of their respective Related Parties nor any correspondent, participant or assignee of the L/C Issuers shall be liable to any Lender for (i) any action taken or omitted in connection herewith at the request or with the approval of the Revolving Lenders or the Required Revolving Lenders, as applicable; (ii) any action taken or omitted in the absence of gross negligence or willful misconduct; or (iii) the due execution, effectiveness, validity or enforceability of any document or instrument related to any Letter of Credit or Issuer Document.  The Company hereby assumes all risks of the acts or omissions of any beneficiary or transferee with respect to its use of any Letter of Credit; provided, however, that this assumption is not intended to, and shall not, preclude the Company’s pursuing such rights and remedies as it may have against the beneficiary or transferee at law or under any other agreement.  None of the L/C Issuers, the Administrative Agent, any of their respective Related Parties nor any correspondent, participant or assignee of any L/C Issuer shall be liable or responsible for any of the matters described in Section 2.03(e); provided, however, that anything in such clauses to the contrary notwithstanding, the Company may have a claim against the applicable  L/C Issuer, and such L/C Issuer may be liable to the Company, to the extent, but only to the extent, of any direct, as opposed to consequential or exemplary, damages suffered by the Company which the Company proves, as determined by a final nonappealable judgment of a court of competent jurisdiction, were caused by such L/C Issuer’s willful misconduct or gross negligence or such L/C Issuer’s willful failure to pay under any Letter of Credit after the presentation to it by the beneficiary of a sight or time draft and certificate(s) strictly complying with the terms and conditions of a Letter of Credit.  In furtherance and not in limitation of the foregoing, any L/C Issuer may accept documents that appear on their face to be in order, without responsibility for further investigation, regardless of any notice or information to the contrary, and such L/C Issuer shall not be responsible for the validity or sufficiency of any instrument transferring, endorsing or assigning or purporting to transfer, endorse or assign a Letter of Credit or the rights or benefits thereunder or proceeds thereof, in whole or in part, which may prove to be invalid or ineffective for any reason.  Any L/C Issuer may send a Letter of Credit or conduct any communication to or from the beneficiary via the Society for Worldwide Interbank Financial Telecommunication (“SWIFT”) message or overnight courier, or any other commercially reasonable means of communicating with a beneficiary.

  (g)	Applicability of ISP and UCP; Limitation of Liability.  Unless otherwise expressly agreed by the applicable L/C Issuer and the Company when a Letter of Credit is issued (including any such agreement applicable to an Existing Letter of Credit), (i) the rules of the ISP shall apply to each standby Letter of Credit.  Notwithstanding the foregoing, no L/C Issuer shall be responsible to the Company for, and each L/C Issuer’s rights and remedies against the Company shall not be impaired by, any action or inaction of any L/C Issuer required or permitted under any law, order, 

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  or practice that is required or permitted to be applied to any Letter of Credit or this Agreement, including the Law or any order of a jurisdiction where an L/C Issuer or the beneficiary is located, the practice stated in the ISP or UCP, as applicable, or in the decisions, opinions, practice statements, or official commentary of the ICC Banking Commission, the Bankers Association for Finance and Trade - International Financial Services Association (BAFT-IFSA), or the Institute of International Banking Law & Practice, whether or not any Letter of Credit chooses such law or practice.

  (h)	Letter of Credit Fees.  The Company shall pay to the Administrative Agent for the account of each Revolving Lender in accordance, subject to Section 2.15, with its Applicable Revolving Percentage a Letter of Credit fee (the “Letter of Credit Fee”) for each Letter of Credit equal to the Applicable Rate for Revolving Loans that are Eurodollar Rate Loans and Alternative Currency Loans times the Dollar Equivalent of the daily amount available to be drawn under such Letter of Credit.  Letter of Credit Fees shall be (1) due and payable on the first Business Day following each fiscal quarter end, commencing with the first such date to occur after the issuance of such Letter of Credit, on the Letter of Credit Expiration Date and thereafter on demand and (2) computed on a quarterly basis in arrears.  If there is any change in the Applicable Rate during any quarter, the daily amount available to be drawn under each Letter of Credit shall be computed and multiplied by the Applicable Rate separately for each period during such quarter that such Applicable Rate was in effect.

  (i)	Fronting Fee and Documentary and Processing Charges Payable to L/C Issuer.  The Company shall pay directly to with respect to Bank of America in its capacity as an L/C Issuer, for its own account a fronting fee with respect to each Letter of Credit, at the rate per annum specified in the Fee Letter, computed on the Dollar Equivalent of the daily amount available to be drawn under such Letter of Credit on a quarterly basis in arrears.  Such fronting fee shall be due and payable on or prior to the date that is ten (10) Business Days following each fiscal quarter end, commencing with the first such date to occur after the issuance of such Letter of Credit, on the Letter of Credit Expiration Date and thereafter on demand.  For purposes of computing the daily amount available to be drawn under any Letter of Credit, the amount of such Letter of Credit shall be determined in accordance with Section 1.06.  In addition, the Company shall pay directly to each L/C Issuer for its own account, in Dollars the customary issuance, presentation, amendment and other processing fees, and other standard costs and charges, of such L/C Issuer relating to letters of credit as from time to time in effect.  Such customary fees and standard costs and charges are due and payable on demand and are nonrefundable.

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

  (k)	L/C Issuer Reports to the Administrative Agent.  Unless otherwise agreed by the Administrative Agent, each L/C Issuer shall, in addition to its notification obligations set forth elsewhere in this Section, provide the Administrative Agent a Letter of Credit Report, as set forth below:

  (i)	reasonably prior to the time that such L/C Issuer issues, amends, renews, increases or extends a Letter of Credit, the date of such issuance, amendment, renewal, increase or extension and the stated amount of the applicable Letters of Credit after giving 

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  effect to such issuance, amendment, renewal or extension (and whether the amounts thereof shall have changed);

  (ii)	on each Business Day on which such L/C Issuer makes a payment pursuant to a Letter of Credit, the date and amount of such payment;

  (iii)	on any Business Day on which the Company fails to reimburse a payment made pursuant to a Letter of Credit required to be reimbursed to such L/C Issuer on such day, the date of such failure and the amount of such payment;

  (iv)	on any other Business Day, such other information as the Administrative Agent shall reasonably request as to the Letters of Credit issued by such L/C Issuer; and

  (v)	for so long as any Letter of Credit issued by an L/C Issuer is outstanding, such L/C Issuer (other than Bank of America) shall deliver to the Administrative Agent (A) on the last Business Day of each calendar month, (B) at all other times a Letter of Credit Report is required to be delivered pursuant to this Agreement, and (C) on each date that (1) an L/C Credit Extension occurs or (2) there is any expiration, cancellation and/or disbursement, in each case, with respect to any such Letter of Credit, a Letter of Credit Report appropriately completed with the information for every outstanding Letter of Credit issued by such L/C Issuer.

  (l)	Additional L/C Issuers.  Any Lender hereunder may become an L/C Issuer upon receipt by the Administrative Agent of a fully executed Notice of Additional L/C Issuer which shall be signed by the Company, the Administrative Agent and each L/C Issuer.  Such new L/C Issuer shall provide its L/C Commitment in such Notice of Additional L/C Issuer and upon the receipt by the Administrative Agent of the fully executed Notice of Additional L/C Issuer, the defined term L/C Commitment shall be deemed amended to incorporate the L/C Commitment of such new L/C Issuer.

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

  2.04	Swingline Loans. 

  (a)	The Swingline.  Subject to the terms and conditions set forth herein, the Swingline Lender, in reliance upon the agreements of the other Lenders set forth in this Section, may in its sole discretion make loans to the Company (each such loan, a “Swingline Loan”).  Each such Swingline Loan may be made, subject to the terms and conditions set forth herein, to the Company, in Dollars, from time to time on any Business Day.  During the Availability Period in an aggregate amount not to exceed at any time outstanding the amount of the Swingline Sublimit, notwithstanding the fact that such Swingline Loans, when aggregated with the Applicable Revolving Percentage of the Outstanding Amount of Revolving Loans and L/C Obligations of the 

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  Lender acting as Swingline Lender, may exceed the amount of such Lender’s Revolving Commitment; provided, however, that (i) after giving effect to any Swingline Loan, (A) the Total Revolving Outstandings shall not exceed the Revolving Facility at such time, and (B) the Revolving Exposure of any Revolving Lender at such time shall not exceed such Lender’s Revolving Commitment, (ii) the Company shall not use the proceeds of any Swingline Loan to refinance any outstanding Swingline Loan, and (iii) the Swingline Lender shall not be under any obligation to make any Swingline Loan if it shall determine (which determination shall be conclusive and binding absent manifest error) that it has, or by such Credit Extension may have, Fronting Exposure.  Within the foregoing limits, and subject to the other terms and conditions hereof, the Company may borrow under this Section, prepay under Section 2.05, and reborrow under this Section.  Each Swingline Loan shall bear interest only at a rate based on the Base Rate plus the Applicable Rate.  Immediately upon the making of a Swingline Loan, each Revolving Lender shall be deemed to, and hereby irrevocably and unconditionally agrees to, purchase from the Swingline Lender a risk participation in such Swingline Loan in an amount equal to the product of such Revolving Lender’s Applicable Revolving Percentage times the amount of such Swingline Loan.

  (b)	Borrowing Procedures.

  (i)	Each Swingline Borrowing shall be made upon the Company’s irrevocable notice to the Swingline Lender and the Administrative Agent, which may be given by:  (A) telephone or (B) a Swingline Loan Notice; provided that any telephonic notice must be confirmed immediately by delivery to the Swingline Lender and the Administrative Agent of a Swingline Loan Notice.  Each such Swingline Loan Notice must be received by the Swingline Lender and the Administrative Agent not later than 1:00 p.m. on the requested borrowing date, and shall specify (i) the amount to be borrowed, which shall be a minimum of $100,000, and (ii) the requested date of the Borrowing (which shall be a Business Day).  Promptly after receipt by the Swingline Lender of any Swingline Loan Notice, the Swingline Lender will confirm with the Administrative Agent (by telephone or in writing) that the Administrative Agent has also received such Swingline Loan Notice and, if not, the Swingline Lender will notify the Administrative Agent (by telephone or in writing) of the contents thereof.  Unless the Swingline Lender has received notice (by telephone or in writing) from the Administrative Agent (including at the request of any Revolving Lender) prior to 2:00 p.m. on the date of the proposed Swingline Borrowing (A) directing the Swingline Lender not to make such Swingline Loan as a result of the limitations set forth in the first proviso to the first sentence of Section 2.04(a), or (B) that one or more of the applicable conditions specified in Article IV is not then satisfied, then, subject to the terms and conditions hereof, the Swingline Lender will, not later than 3:00 p.m. on the borrowing date specified in such Swingline Loan Notice, make the amount of its Swingline Loan available to the Company at its office by crediting the account of the Company on the books of the Swingline Lender in Same Day Funds.

  (c)	Refinancing of Swingline Loans.

  (i)	The Swingline Lender at any time in its sole discretion may request, on behalf of the Company (which hereby irrevocably authorizes the Swingline Lender to so request on its behalf), that each Revolving Lender make a Base Rate Loan in an amount equal to 

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  such Lender’s Applicable Revolving Percentage of the amount of Swingline Loans then outstanding.  Such request shall be made in writing (which written request shall be deemed to be a Loan Notice for purposes hereof) and in accordance with the requirements of Section 2.02, without regard to the minimum and multiples specified therein for the principal amount of Base Rate Loans, but subject to the unutilized portion of the Revolving Facility and the conditions set forth in Section 4.02.  The Swingline Lender shall furnish the Company with a copy of the applicable Loan Notice promptly after delivering such notice to the Administrative Agent.  Each Revolving Lender shall make an amount equal to its Applicable Revolving Percentage of the amount specified in such Loan Notice available to the Administrative Agent in Same Day Funds (and the Administrative Agent may apply Cash Collateral available with respect to the applicable Swingline Loan) for the account of the Swingline Lender at the Administrative Agent’s Office for Dollar-denominated payments not later than 1:00 p.m. on the day specified in such Loan Notice, whereupon, subject to Section 2.04(c)(ii), each Revolving Lender that so makes funds available shall be deemed to have made a Base Rate Loan to the Company in such amount.  The Administrative Agent shall remit the funds so received to the Swingline Lender.

  (ii)	If for any reason any Swingline Loan cannot be refinanced by such a Revolving Borrowing in accordance with Section 2.04(c)(i), the request for Base Rate Loans submitted by the Swingline Lender as set forth herein shall be deemed to be a request by the Swingline Lender that each of the Revolving Lenders fund its risk participation in the relevant Swingline Loan and each Revolving Lender’s payment to the Administrative Agent for the account of the Swingline Lender pursuant to Section 2.04(c)(i) shall be deemed payment in respect of such participation.

  (iii)	If any Revolving Lender fails to make available to the Administrative Agent for the account of the Swingline Lender any amount required to be paid by such Lender pursuant to the foregoing provisions of this Section 2.04(c) by the time specified in Section 2.04(c)(i), the Swingline Lender shall be entitled to recover from such Lender (acting through the Administrative Agent), on demand, such amount with interest thereon for the period from the date such payment is required to the date on which such payment is immediately available to the Swingline Lender at a rate per annum equal to the applicable Overnight Rate from time to time in effect, plus any administrative, processing or similar fees customarily charged by the Swingline Lender in connection with the foregoing.  If such Lender pays such amount (with interest and fees as aforesaid), the amount so paid shall constitute such Lender’s Revolving Loan included in the relevant Revolving Borrowing or funded participation in the relevant Swingline Loan, as the case may be.  A certificate of the Swingline Lender submitted to any Lender (through the Administrative Agent) with respect to any amounts owing under this clause (iii) shall be conclusive absent manifest error.

  (iv)	Each Revolving Lender’s obligation to make Revolving Loans or to purchase and fund risk participations in Swingline Loans pursuant to this Section 2.04(c) shall be absolute and unconditional and shall not be affected by any circumstance, including (A) any setoff, counterclaim, recoupment, defense or other right which such Lender may have against the Swingline Lender, the Company or any other Person for any reason whatsoever, (B) the occurrence or continuance of a Default or (C) any other occurrence, event or 

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  condition, whether or not similar to any of the foregoing; provided however, that each Revolving Lender’s obligation to make Revolving Loans pursuant to this Section 2.04(c) is subject to the conditions set forth in Section 4.02 (other than delivery by the Borrowers of a Loan Notice).  No such funding of risk participations shall relieve or otherwise impair the obligation of the Company to repay Swingline Loans, together with interest as provided herein.

  (d)	Repayment of Participations.

  (i)	At any time after any Revolving Lender has purchased and funded a risk participation in a Swingline Loan, if the Swingline Lender receives any payment on account of such Swingline Loan, the Swingline Lender will distribute to such Revolving Lender its Applicable Revolving Percentage thereof in the same funds as those received by the Swingline Lender.

  (ii)	If any payment received by the Swingline Lender in respect of principal or interest on any Swingline Loan is required to be returned by the Swingline Lender under any of the circumstances described in Section 10.05 (including pursuant to any settlement entered into by the Swingline Lender in its discretion), each Revolving Lender shall pay to the Swingline Lender its Applicable Revolving Percentage thereof on demand of the Administrative Agent, plus interest thereon from the date of such demand to the date such amount is returned, at a rate per annum equal to the applicable Overnight Rate.  The Administrative Agent will make such demand upon the request of the Swingline Lender.  The obligations of the Lenders under this clause shall survive the payment in full of the Obligations and the termination of this Agreement.

  (e)	Interest for Account of Swingline Lender.  The Swingline Lender shall be responsible for invoicing the Company for interest on the Swingline Loans.  Until each Revolving Lender funds its Base Rate Loan or risk participation pursuant to this Section to refinance such Revolving Lender’s Applicable Revolving Percentage of any Swingline Loan, interest in respect of such Applicable Revolving Percentage shall be solely for the account of the Swingline Lender.

  (f)	Payments Directly to Swingline Lender.  The Company shall make all payments of principal and interest in respect of the Swingline Loans directly to the Swingline Lender.

  2.05	Prepayments.

  (a)	Optional.

  (i)	The Borrowers may, upon notice to the Administrative Agent pursuant to delivery to the Administrative Agent of a Notice of Loan Prepayment, at any time or from time to time voluntarily prepay Term Loans and Revolving Loans in whole or in part without premium or penalty subject to Section 3.05; provided that, unless otherwise agreed by the Administrative Agent, (A) such notice must be received by the Administrative Agent not later than 11:00 a.m. (1) three (3) Business Days prior to any date of prepayment of Eurodollar Rate Loans, (2) four (4) Business Days (or five (5), in the case of prepayment of Loans denominated in Special Notice Currencies) prior to any date of prepayment of Alternative Currency Loans, and (3) on the date of prepayment of Base Rate Loans; (B) 

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  any prepayment of Eurodollar Rate Loans shall be in a principal amount of $5,000,000 or a whole multiple of $1,000,000 in excess thereof; (C) any prepayment of Alternative Currency Loans shall be in a minimum principal amount of $5,000,000 or a whole multiple of $1,000,000 in excess thereof; and (D) any prepayment of Base Rate Loans shall be in a principal amount of $500,000 or a whole multiple of $100,000 in excess thereof or, in each case, if less, the entire principal amount thereof then outstanding.  Each such notice shall specify the date, the currency and amount of such prepayment and the Type(s) of Loans to be prepaid and, if Eurodollar Rate Loans or Alternative Currency Term Rate Loans are to be prepaid, the Interest Period(s) of such Loans.  The Administrative Agent will promptly notify each Lender of its receipt of each such notice, and of the amount of such Lender’s ratable portion of such prepayment (based on such Lender’s Applicable Percentage in respect of the relevant Facility).  If such notice is given by the Borrowers, the Borrowers shall make such prepayment and the payment amount specified in such notice shall be due and payable on the date specified therein.  Any prepayment of principal shall be accompanied by all accrued interest on the amount prepaid, together with any additional amounts required pursuant to Section 3.05. Each prepayment of the outstanding Term Loans pursuant to this Section 2.05(a) shall be applied to the principal repayment installments thereof on a pro-rata basis.  Subject to Section 2.15, such prepayments shall be paid to the Lenders in accordance with their respective Applicable Percentages in respect of each of the relevant Facilities.

  (ii)	The Company may, upon notice to the Swingline Lender pursuant to delivery to the Swingline Lender of a Notice of Loan Prepayment (with a copy to the Administrative Agent), at any time or from time to time, voluntarily prepay Swingline Loans in whole or in part without premium or penalty; provided that, unless otherwise agreed by the Swingline Lender, (A) such notice must be received by the Swingline Lender and the Administrative Agent not later than 1:00 p.m. on the date of the prepayment, and (B) any such prepayment shall be in a minimum principal amount of $100,000 or a whole multiple of $100,000 in excess hereof (or, if less, the entire principal thereof then outstanding).  Each such notice shall specify the date and amount of such prepayment.  If such notice is given by the Company, the Company shall make such prepayment and the payment amount specified in such notice shall be due and payable on the date specified therein.  Any prepayment of principal shall be accompanied by all accrued interest on the amount prepaid, together with any additional amounts required pursuant to Section 3.05.

  (b)	Mandatory.

  (i)	Revolving Outstandings.  If for any reason the Total Revolving Outstandings at any time exceed the Revolving Facility at such time, the Borrowers shall immediately prepay Revolving Loans, Swingline Loans and L/C Borrowings (together with all accrued but unpaid interest thereon) and/or Cash Collateralize the L/C Obligations in an aggregate amount equal to such excess; provided, however, that the Borrowers shall not be required to Cash Collateralize the L/C Obligations pursuant to this Section 2.05(b)(i) unless, after the prepayment of the Revolving Loans and Swingline Loans, the Total Revolving Outstandings exceed the Revolving Facility at such time.

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  (ii)	Application of Other Payments.  Except as otherwise provided in Section 2.15, prepayments of the Revolving Facility made pursuant to this Section 2.05(b), first, shall be applied ratably to the L/C Borrowings and the Swingline Loans, second, shall be applied to the outstanding Revolving Loans, and, third, shall be used to Cash Collateralize the remaining L/C Obligations.  Upon the drawing of any Letter of Credit that has been Cash Collateralized, the funds held as Cash Collateral shall be applied (without any further action by or notice to or from the Company or any other Loan Party or any Defaulting Lender that has provided Cash Collateral) to reimburse the applicable L/C Issuer or the Revolving Lenders, as applicable.

  (iii)	Alternative Currencies.  If the Administrative Agent notifies the Company at any time that the Outstanding Amount of all Loans and L/C Obligations denominated in Alternative Currencies at such time exceeds an amount equal to 105% of the Alternative Currency Sublimit then in effect, then, within two (2) Business Days after receipt of such notice, the Borrowers shall prepay Loans and/or Cash Collateralize Letters of Credit in an aggregate amount sufficient to reduce such Outstanding Amount as of such date of payment to an amount not to exceed 100% of the Alternative Currency Sublimit then in effect.

  Within the parameters of the applications set forth above, prepayments pursuant to this Section 2.05(b) shall be applied first to Base Rate Loans and then to Eurodollar Rate Loans and Alternative Currency Loans in direct order of Interest Period maturities.  All prepayments under this Section 2.05(b) shall be subject to Section 3.05, but otherwise without premium or penalty, and shall be accompanied by interest on the principal amount prepaid through the date of prepayment.

  2.06	Termination or Reduction of Commitments.

  (a)	Optional.  The Company may, upon notice to the Administrative Agent, terminate the Revolving Facility, the Letter of Credit Sublimit or the Swingline Sublimit, or from time to time permanently reduce the Revolving Facility, the Letter of Credit Sublimit or the Swingline Sublimit; provided that (i) any such notice shall be received by the Administrative Agent not later than 11:00 a.m. five (5) Business Days prior to the date of termination or reduction, (ii) any such partial reduction shall be in an aggregate amount of $10,000,000 or any whole multiple of $1,000,000 in excess thereof and (iii) the Company shall not terminate or reduce (A) the Revolving Facility if, after giving effect thereto and to any concurrent prepayments hereunder, the Total Revolving Outstandings would exceed the Revolving Facility, (B) the Letter of Credit Sublimit if, after giving effect thereto, the Outstanding Amount of L/C Obligations not fully Cash Collateralized hereunder would exceed the Letter of Credit Sublimit, or (C) the Swingline Sublimit if, after giving effect thereto and to any concurrent prepayments hereunder, the Outstanding Amount of Swingline Loans would exceed the Letter of Credit Sublimit.  

  (b)	Mandatory.  If after giving effect to any reduction or termination of Revolving Commitments under this Section 2.06, the Letter of Credit Sublimit, the Alternative Currency Sublimit, or the Swingline Sublimit exceeds the Revolving Facility at such time, the Letter of Credit Sublimit, the Alternative Currency Sublimit, or the Swingline Sublimit, as the case may be, shall be automatically reduced by the amount of such excess.

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  (c)	Application of Commitment Reductions; Payment of Fees.

  (i)	The Administrative Agent will promptly notify the Lenders of any termination or reduction of the Letter of Credit Sublimit, Swingline Sublimit, the Alternative Currency Sublimit, or the Revolving Commitment under this Section 2.06.  The amount of any such reduction of the Revolving Commitments shall not be applied to the Alternative Currency Sublimit unless otherwise specified by the Company.  Upon any reduction of the Revolving Commitments, the Revolving Commitment of each Revolving Lender shall be reduced by such Lender’s Applicable Revolving Percentage of such reduction amount.  All fees in respect of the Revolving Facility accrued until the effective date of any termination of the Revolving Facility shall be paid on the effective date of such termination.

  2.07	Repayment of Loans. 

  (a)	Term Loans.  The Borrowers shall repay to the Term Lenders the aggregate principal amount of all Closing Date Term Loans outstanding on the following dates in the amounts set forth opposite such dates (which amounts shall be reduced as a result of the application of prepayments in accordance with the order of priority set forth in Section 2.05), unless accelerated sooner pursuant to Section 8.02;

  		
	Payment Dates
	Principal Repayment Installments

	Beginning on December 31, 2022, and on each March 31, June 30, September 30, and December 31 thereafter through and including September 30, 2024
	$820,312.50

	Beginning on December 31, 2024 , and on each March 31, June 30, September 30, and December 31 thereafter until the Maturity Date
	$1,640,625.00

   

  provided, however, that (i) the final principal repayment installment of the Term Loans shall be repaid on the Maturity Date for the Term Facility and in any event shall be in an amount equal to the aggregate principal amount of all Term Loans outstanding on such date and (ii) (A) if any principal repayment installment to be made by the Borrowers (other than principal repayment installments on Eurodollar Rate Loans or Alternative Currency Loans) shall come due on a day other than a Business Day, such principal repayment installment shall be due on the next succeeding Business Day, and such extension of time shall be reflected in computing interest or fees, as the case may be and (B) if any principal repayment installment to be made by the Borrowers on a Eurodollar Rate Loan or an Alternative Currency Loan shall come due on a day other than a Business Day, such principal repayment installment shall be extended to the next succeeding Business Day unless the result of such extension would be to extend such principal repayment installment into another calendar month, in which event such principal repayment installment shall be due on the immediately preceding Business Day.

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  (b)	Revolving Loans.  The Borrowers shall repay to the Revolving Lenders on the Maturity Date for the Revolving Facility the aggregate principal amount of all Revolving Loans outstanding on such date.

  (c)	Swingline Loans.  The Borrowers shall repay each Swingline Loan on the earlier to occur of (i) the date ten (10) Business Days after such Loan is made and (ii) the Maturity Date for the Revolving Facility.

  2.08	Interest and Default Rate.

  (a)	Interest.  Subject to the provisions of Section 2.08(b), (i) each Eurodollar Rate Loan under a Facility shall bear interest on the outstanding principal amount thereof for each Interest Period from the applicable borrowing date at a rate per annum equal to the Eurodollar Rate for such Interest Period plus the Applicable Rate for such Facility; (ii) each Base Rate Loan under a Facility shall bear interest on the outstanding principal amount thereof from the applicable borrowing date at a rate per annum equal to the Base Rate plus the Applicable Rate for such Facility; (iii) each Alternative Currency Daily Rate Loan shall bear interest on the outstanding principal amount thereof from the applicable borrowing date at a rate per annum equal to the Alternative Currency Daily Rate plus the Applicable Rate; (iv) each Alternative Currency Term Rate Loan shall bear interest on the outstanding principal amount thereof for each Interest Period at a rate per annum equal to the Alternative Currency Term Rate for such Interest Period plus the Applicable Rate; (v) each Swingline Loan shall bear interest on the outstanding principal amount thereof from the applicable borrowing date at a rate per annum equal to the Base Rate plus the Applicable Rate for the Revolving Facility.  To the extent that any calculation of interest or any fee required to be paid under this Agreement shall be based on (or result in) a calculation that is less than zero, such calculation shall be deemed zero for purposes of this Agreement.

  (b)	Default Rate.

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

  (ii)	If any amount (other than principal of any Loan) payable by any Borrower under any Loan Document is not paid when due (without regard to any applicable grace periods), whether at stated maturity, by acceleration or otherwise, then upon the request of the Required Lenders such amount shall thereafter bear interest at a fluctuating interest rate per annum at all times equal to the Default Rate to the fullest extent permitted by applicable Laws.

  (iii)	Upon the request of the Required Lenders, while any Event of Default exists (including a payment default), all outstanding Obligations (including Letter of Credit Fees) may accrue at a fluctuating interest rate per annum at all times equal to the Default Rate to the fullest extent permitted by applicable Laws.

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

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

  2.09	Fees.

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

  (a)	Commitment Fee.  The Borrowers shall pay to the Administrative Agent for the account of each Revolving Lender in accordance with its Applicable Revolving Percentage, a commitment fee in Dollars equal to the Applicable Rate times the actual daily amount by which the Revolving Facility exceeds the sum of (i) the Outstanding Amount of Revolving Loans and (ii) the Outstanding Amount of L/C Obligations, subject to adjustment as provided in Section 2.15.  For the avoidance of doubt, the Outstanding Amount of Swingline Loans shall not be counted towards or considered usage of the Revolving Facility for purposes of determining the commitment fee.  The commitment fee shall accrue at all times during the Availability Period, including at any time during which one or more of the conditions in Article IV is not met, and shall be due and payable quarterly in arrears on the last Business Day of each March, June, September and December, commencing with the first such date to occur after the Closing Date, and on the last day of the Availability Period for the Revolving Facility.  The commitment fee shall be calculated quarterly in arrears, and if there is any change in the Applicable Rate during any quarter, the actual daily amount shall be computed and multiplied by the Applicable Rate separately for each period during such quarter that such Applicable Rate was in effect.

  (b)	Other Fees.

  (i)	The Borrowers shall pay to each of the Administrative Agent and the Arrangers for its own account, in Dollars, fees in the amounts and at the times specified in the Fee Letter.  Such fees shall be fully earned when paid and shall not be refundable for any reason whatsoever.

  (ii)	The Borrowers shall pay to the Lenders, in Dollars, such fees as shall have been separately agreed upon in writing in the amounts and at the times so specified.  Such fees shall be fully earned when paid and shall not be refundable for any reason whatsoever.

  2.10	Computation of Interest and Fees; Retroactive Adjustments of Applicable Rate.

  (a)	Computation of Interest and Fees.  All computations of interest for Base Rate Loans (including Base Rate Loans determined by reference to the Eurodollar Rate) shall be made on the basis of a year of 365 or 366 days, as the case may be, and actual days elapsed.  All other computations of fees and interest shall be made on the basis of a 360-day year and actual days elapsed (which results in more fees or interest, as applicable, being paid than if computed on the basis of a 365 day year), or, in the case of interest in respect of Loans denominated in Alternative Currencies as to which market practice differs from the foregoing, in accordance with such market practice.  Interest shall accrue on each Loan for the day on which the Loan is made, and shall not accrue on a Loan, or any portion thereof, for the day on which the Loan or such portion is paid, 

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  provided that any Loan that is repaid on the same day on which it is made shall, subject to Section 2.12(a), bear interest for one (1) day.  Each determination by the Administrative Agent of an interest rate or fee hereunder shall be conclusive and binding for all purposes, absent manifest error.

  (b)	Financial Statement Adjustments or Restatements.  If, as a result of any restatement of or other adjustment to the financial statements of the Company and its Subsidiaries or for any other reason, the Borrowers, or the Lenders determine that (i) the Consolidated Net Leverage Ratio as calculated by the Borrowers as of any applicable date was inaccurate and (ii) a proper calculation of the Consolidated Net Leverage Ratio would have resulted in higher pricing for such period, the Borrowers shall immediately and retroactively be obligated to pay to the Administrative Agent for the account of the applicable Lenders or the applicable L/C Issuer, as the case may be, promptly on demand by the Administrative Agent (or, after the occurrence of an actual or deemed entry of an order for relief with respect to any Borrower under the Bankruptcy Code of the United States, automatically and without further action by the Administrative Agent, any Lender or any L/C Issuer), an amount equal to the excess of the amount of interest and fees that should have been paid for such period over the amount of interest and fees actually paid for such period.  This paragraph shall not limit the rights of the Administrative Agent, any Lender or any L/C Issuer, as the case may be, under any provision of this Agreement to payment of any Obligations hereunder at the Default Rate or under Article VIII.  The Borrowers’ obligations under this paragraph shall survive the termination of the Revolving Commitments and the repayment of all other Obligations hereunder.

  2.11	Evidence of Debt.

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

  (b)	Maintenance of Records.  In addition to the accounts and records referred to in Section 2.11(a), each Lender and the Administrative Agent shall maintain in accordance with its usual practice accounts or records evidencing the purchases and sales by such Lender of participations in Letters of Credit and Swingline Loans.  In the event of any conflict between the accounts and records maintained by the Administrative Agent and the accounts and records of any 

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  Lender in respect of such matters, the accounts and records of the Administrative Agent shall control in the absence of manifest error.

  2.12	Payments Generally; Administrative Agent’s Clawback.

  (a)	General.  All payments to be made by the Borrowers shall be made free and clear of and without condition or deduction for any counterclaim, defense, recoupment or setoff.  Except as otherwise expressly provided herein and except with respect to principal of and interest on Loans denominated in an Alternative Currency, all payments by the Borrowers hereunder shall be made to the Administrative Agent, for the account of the respective Lenders to which such payment is owed, at the Administrative Agent’s Office in Dollars and in Same Day Funds not later than 2:00 p.m. on the date specified herein.  Except as otherwise expressly provided herein, all payments by the Borrowers hereunder with respect to principal and interest on Loans denominated in an Alternative Currency shall be made to the Administrative Agent, for the account of the respective Lenders to which such payment is owed, at the applicable Administrative Agent’s Office in such Alternative Currency and in Same Day Funds not later than the Applicable Time specified by the Administrative Agent on the dates specified herein. Without limiting the generality of the foregoing, the Administrative Agent may require that any payments due under this Agreement be made in the United States.  If, for any reason, any Borrower is prohibited by any Law from making any required payment hereunder in an Alternative Currency, such Borrower shall make such payment in Dollars in the Dollar Equivalent of the Alternative Currency payment amount.  The Administrative Agent will promptly distribute to each Lender its Applicable Percentage in respect of the relevant Facility (or other applicable share as provided herein) of such payment in like funds as received by wire transfer to such Lender’s Lending Office.  All payments received by the Administrative Agent (i) after 2:00 p.m., in the case of payments in Dollars, or (ii) after the Applicable Time specified by the Administrative Agent, in the case of payments in an Alternative Currency, shall in each case be deemed received on the next succeeding Business Day and any applicable interest or fee shall continue to accrue.  Subject to Section 2.07(a) and as otherwise specifically provided for in this Agreement, if any payment to be made by any Borrower shall come due on a day other than a Business Day, payment shall be made on the next following Business Day, and such extension of time shall be reflected in computing interest or fees, as the case may be.

  (b)		Funding by Lenders; Presumption by Administrative Agent.  Unless the Administrative Agent shall have received notice from a Lender prior to the proposed date of any Borrowing of Eurodollar Rate Loans or Alternative Currency Loans (or, in the case of any Borrowing of Base Rate Loans, prior to 12:00 noon on the date of such Borrowing) that such Lender will not make available to the Administrative Agent such Lender’s share of such Borrowing, the Administrative Agent may assume that such Lender has made such share available on such date in accordance with Section 2.02 (or, in the case of a Borrowing of Base Rate Loans, that such Lender has made such share available in accordance with and at the time required by Section 2.02) and may, in reliance upon such assumption, make available to the Borrowers 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 Borrowers severally agree to pay to the Administrative Agent forthwith on demand such corresponding amount in Same Day Funds with interest thereon, for each day from and including the date such amount is made available to the Borrowers to but excluding the date of payment to the 

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  Administrative Agent, at (A) in the case of a payment to be made by such Lender, the Overnight Rate, plus any administrative, processing or similar fees customarily charged by the Administrative Agent in connection with the foregoing, and (B) in the case of a payment to be made by the Borrowers, the interest rate applicable to Base Rate Loans or in the case of Alternative Currencies in accordance with such market practice, in each case, as applicable.  If the Borrowers and such Lender shall pay such interest to the Administrative Agent for the same or an overlapping period, the Administrative Agent shall promptly remit to the Borrowers the amount of such interest paid by the Borrowers for such period.  If such Lender pays its share of the applicable Borrowing to the Administrative Agent, then the amount so paid shall constitute such Lender’s Loan included in such Borrowing.  Any payment by the Borrowers shall be without prejudice to any claim the Borrowers may have against a Lender that shall have failed to make such payment to the Administrative Agent.

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

  With respect to any payment that the Administrative Agent makes for the account of the Lenders or any L/C Issuer hereunder as to which the Administrative Agent determines (which determination shall be conclusive absent manifest error) that any of the following applies (such payment referred to as the “Rescindable Amount”): (1) the Borrowers have not in fact made such payment; (2) the Administrative Agent has made a payment in excess of the amount so paid by the Borrowers (whether or not then owed); or (3) the Administrative agent has for any reason otherwise erroneously made such payment; then each of the Lenders or the applicable L/C Issuer, as the case may be, severally agrees to repay to the Administrative Agent forthwith on demand the Rescindable Amount so distributed to such Lender or such L/C Issuer, in immediately available funds with interest thereon, for each day from and including the date such amount is distributed to it to but excluding the date of payment to the Administrative Agent, at the greater of the Federal Funds Rate and a rate determined by the Administrative Agent in accordance with banking industry rules on interbank compensation.

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

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

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  (d)	Obligations of Lenders Several.  The obligations of the Lenders hereunder to make Term Loans and Revolving Loans, to fund participations in Letters of Credit and Swingline Loans and to make payments pursuant to Section 10.04(c) are several and not joint.  The failure of any Lender to make any Loan, to fund any such participation or to make any payment under Section 10.04(c) on any date required hereunder shall not relieve any other Lender of its corresponding obligation to do so on such date, and no Lender shall be responsible for the failure of any other Lender to so make its Loan, to purchase its participation or to make its payment under Section 10.04(c).

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

  (f)	Pro Rata Treatment.  Except to the extent otherwise provided herein:  (i) each Borrowing (other than Swingline Borrowings) shall be made from the Appropriate Lenders, each payment of fees under Section 2.09 and 2.03(h) and (i) shall be made for account of the Appropriate Lenders, and each termination or reduction of the amount of the Revolving Commitments shall be applied to the respective Revolving Commitments of the Lenders, pro rata according to the amounts of their respective Revolving Commitments; (ii) each Borrowing shall be allocated pro rata among the Lenders according to the amounts of their respective Revolving Commitments or their respective Loans that are to be included in such Borrowing (in the case of conversions and continuations of Loans); (iii) each payment or prepayment of principal of Loans by the Borrowers shall be made for account of the Appropriate Lenders pro rata in accordance with the respective unpaid principal amounts of the Loans held by them; and (iv) each payment of interest on Loans by the Borrowers shall be made for account of the Appropriate Lenders pro rata in accordance with the amounts of interest on such Loans then due and payable to the respective Appropriate Lenders.

  2.13	Sharing of Payments by Lenders.

  If any Lender shall, by exercising any right of setoff or counterclaim or otherwise, obtain payment in respect of (a) Obligations in respect of any of the Facilities due and payable to such Lender hereunder and under the other Loan Documents at such time in excess of its ratable share (according to the proportion of (i) the amount of such Obligations due and payable to such Lender at such time to (ii) the aggregate amount of the Obligations in respect of the Facilities due and payable to all Lenders hereunder and under the other Loan Documents at such time) of payments on account of the Obligations in respect of the Facilities due and payable to all Lenders hereunder and under the other Loan Documents at such time obtained by all the Lenders at such time or (b) Obligations in respect of any of the Facilities owing (but not due and payable) to such Lender hereunder and under the other Loan Documents at such time in excess of its ratable share (according to the proportion of (i) the amount of such Obligations owing (but not due and payable) to such Lender at such time to (ii) the aggregate amount of the Obligations in respect of the Facilities owing (but not due and payable) to all Lenders hereunder and under the other Loan Documents at such time) of payments on account of the Obligations in respect of the Facilities owing (but not due and payable) to all Lenders hereunder and under the other Loan Documents at such time obtained by all of the Lenders at such time, then, in each case under clauses (a) and (b) above, the Lender receiving such greater proportion shall (A) notify the Administrative Agent of 

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  such fact, and (B) purchase (for cash at face value) participations in the Loans and subparticipations in L/C Obligations and Swingline Loans of the other Lenders, or make such other adjustments as shall be equitable, so that the benefit of all such payments shall be shared by the Lenders ratably in accordance with the aggregate amount of Obligations in respect of the Facilities then due and payable to the Lenders or owing (but not due and payable) to the Lenders, as the case may be, provided that:

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

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

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

  2.14	Cash Collateral.

  (a)	Certain Credit Support Events.  If (i) the applicable L/C Issuer has honored any full or partial drawing request under any Letter of Credit and such drawing has resulted in an L/C Borrowing, (ii) as of the Letter of Credit Expiration Date, any L/C Obligation for any reason remains outstanding, (iii) the Borrowers shall be required to provide Cash Collateral pursuant to Section 2.05 or 8.02(c), or (iv) there shall exist a Defaulting Lender, the Borrowers shall immediately (in the case of clause (iii) above) or within one (1) Business Day (in all other cases) following any request by the Administrative Agent or such L/C Issuer, provide Cash Collateral in an amount not less than the applicable Minimum Collateral Amount (determined in the case of Cash Collateral provided pursuant to clause (iv) above, after giving effect to Section 2.15(a)(iv) and any Cash Collateral provided by the Defaulting Lender).  Additionally, if the Administrative Agent notifies the Borrowers at any time that the Outstanding Amount of all L/C Obligations at such time exceeds 105% of the Letter of Credit Sublimit then in effect, then within two (2) Business Days after receipt of such notice, the Borrowers shall provide Cash Collateral for the Outstanding Amount of the L/C Obligations in an amount not less than the amount by which the Outstanding Amount of all L/C Obligations exceeds the Letter of Credit Sublimit.

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  (b)	Grant of Security Interest.  The Borrowers, and to the extent provided by any Defaulting Lender, such Defaulting Lender, hereby grants to (and subjects to the control of) the Administrative Agent, for the benefit of the Administrative Agent, the L/C Issuers and the Lenders, and agrees to maintain, a first priority security interest in all such cash, deposit accounts and all balances therein, and all other property so provided as collateral pursuant hereto, and in all proceeds of the foregoing, all as security for the obligations to which such Cash Collateral may be applied pursuant to Section 2.14(c).  If at any time the Administrative Agent determines that Cash Collateral is subject to any right or claim of any Person other than the Administrative Agent or the L/C Issuers as herein provided, or that the total amount of such Cash Collateral is less than the Minimum Collateral Amount, the Borrowers will, promptly upon demand by the Administrative Agent, pay or provide to the Administrative Agent additional Cash Collateral in an amount sufficient to eliminate such deficiency. All Cash Collateral (other than credit support not constituting funds subject to deposit) shall be maintained in one or more blocked, non-interest bearing deposit accounts at Bank of America.  The Borrowers shall pay on demand therefor from time to time all customary account opening, activity and other administrative fees and charges in connection with the maintenance and disbursement of Cash Collateral.

  (c)	Application.  Notwithstanding anything to the contrary contained in this Agreement, Cash Collateral provided under any of this Section 2.14 or Sections 2.03, 2.05, 2.15 or 8.02 in respect of Letters of Credit shall be held and applied to the satisfaction of the specific L/C Obligations, obligations to fund participations therein (including, as to Cash Collateral provided by a Revolving Lender that is a Defaulting Lender, any interest accrued on such obligation) and other obligations for which the Cash Collateral was so provided, prior to any other application of such property as may be provided for herein.

  (d)	Release.  Cash Collateral (or the appropriate portion thereof) provided to reduce Fronting Exposure or to secure other obligations shall be released promptly following (i) the elimination of the applicable Fronting Exposure or other obligations giving rise thereto (including by the termination of Defaulting Lender status of the applicable Revolving Lender (or, as appropriate, its assignee following compliance with Section 10.06(b)(vi))) or (ii) the determination by the Administrative Agent and the applicable L/C Issuer that there exists excess Cash Collateral; provided, however, (A) any such release shall be without prejudice to, and any disbursement or other transfer of Cash Collateral shall be and remain subject to, any other Lien conferred under the Loan Documents and the other applicable provisions of the Loan Documents, and (B) the Person providing Cash Collateral and such L/C Issuer may agree that Cash Collateral shall not be released but instead held to support future anticipated Fronting Exposure or other obligations.

  2.15	Defaulting Lenders.

  (a)	Adjustments.  Notwithstanding anything to the contrary contained in this Agreement, if any Lender becomes a Defaulting Lender, then, until such time as that Lender is no longer a Defaulting Lender, to the extent permitted by applicable Law:

  (i)	Waivers and Amendments.  Such Defaulting Lender’s right to approve or disapprove any amendment, waiver or consent with respect to this Agreement shall be restricted as set forth in the definition of “Required Lenders”, “Required Revolving Lenders”, “Required Term Lenders” and Section 10.01.

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  (ii)	Defaulting Lender Waterfall.  Any payment of principal, interest, fees or other amounts received by the Administrative Agent for the account of such Defaulting Lender (whether voluntary or mandatory, at maturity, pursuant to Article VIII or otherwise) or received by the Administrative Agent from a Defaulting Lender pursuant to Section 10.08 shall be applied at such time or times as may be determined by the Administrative Agent as follows:  first, to the payment of any amounts owing by such Defaulting Lender to the Administrative Agent hereunder; second, to the payment on a pro rata basis of any amounts owing by such Defaulting Lender to any L/C Issuer or Swingline Lender hereunder; third, to Cash Collateralize any L/C Issuer’s Fronting Exposure with respect to such Defaulting Lender in accordance with Section 2.14; fourth, as the Company may request (so long as no Default or Event of Default exists), to the funding of any Loan in respect of which such Defaulting Lender has failed to fund its portion thereof as required by this Agreement, as determined by the Administrative Agent; fifth, if so determined by the Administrative Agent and the Company, to be held in a deposit account and released pro rata in order to (A) satisfy such Defaulting Lender’s potential future funding obligations with respect to Loans under this Agreement and (B) Cash Collateralize any L/C Issuer’s future Fronting Exposure with respect to such Defaulting Lender with respect to future Letters of Credit issued under this Agreement, in accordance with Section 2.14; sixth, to the payment of any amounts owing to the Lenders, any L/C Issuer or Swingline Lender as a result of any judgment of a court of competent jurisdiction obtained by any Lender, any L/C Issuer or the Swingline Lender against such Defaulting Lender as a result of such Defaulting Lender’s breach of its obligations under this Agreement; seventh, so long as no Default or Event of Default exists, to the payment of any amounts owing to the Borrowers as a result of any judgment of a court of competent jurisdiction obtained by the Company against such Defaulting Lender as a result of such Defaulting Lender’s breach of its obligations under this Agreement; and eighth, to such Defaulting Lender or as otherwise as may be required under the Loan Documents in connection with any Lien conferred thereunder or directed by a court of competent jurisdiction; provided that if (1) such payment is a payment of the principal amount of any Loans or L/C Borrowings in respect of which such Defaulting Lender has not fully funded its appropriate share, and (2) such Loans were made or the related Letters of Credit were issued at a time when the conditions set forth in Section 4.02 were satisfied or waived, such payment shall be applied solely to pay the Loans of, and L/C Obligations owed to, all Non-Defaulting Lenders on a pro rata basis prior to being applied to the payment of any Loans of, or L/C Obligations owed to, such Defaulting Lender until such time as all Loans and funded and unfunded participations in L/C Obligations and Swingline Loans are held by the Lenders pro rata in accordance with the Revolving Commitments hereunder without giving effect to Section 2.15(a)(v).  Any payments, prepayments or other amounts paid or payable to a Defaulting Lender that are applied (or held) to pay amounts owed by a Defaulting Lender or to post Cash Collateral pursuant to this Section 2.15(a)(ii) shall be deemed paid to and redirected by such Defaulting Lender, and each Lender irrevocably consents hereto.

  (iii)	Certain Fees.

  (A)	Fees.  No Defaulting Lender shall be entitled to receive any fee payable under Section 2.09(a) for any period during which that Lender is a 

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  Defaulting Lender (and the Borrowers shall not be required to pay any such fee that otherwise would have been required to have been paid to that Defaulting Lender).

  (B)	Letter of Credit Fees. Each Defaulting Lender shall be entitled to receive Letter of Credit Fees for any period during which that Lender is a Defaulting Lender only to the extent allocable to its Applicable Revolving Percentage of the stated amount of Letters of Credit for which it has provided Cash Collateral pursuant to Section 2.14.

  (C)	Defaulting Lender Fees. With respect to any Letter of Credit Fee not required to be paid to any Defaulting Lender pursuant to clause (B) above, the Borrowers shall (1) pay to each Non-Defaulting Lender that portion of any such fee otherwise payable to such Defaulting Lender with respect to such Defaulting Lender’s participation in L/C Obligations or Swingline Loans that has been reallocated to such Non-Defaulting Lender pursuant to clause (iv) below, (2) pay to the applicable L/C Issuer and Swingline Lender, as applicable, the amount of any such fee otherwise payable to such Defaulting Lender to the extent allocable to such L/C Issuer’s or Swingline Lender’s Fronting Exposure to such Defaulting Lender, and (3) not be required to pay the remaining amount of any such fee.

  (iv)	Reallocation of Applicable Revolving Percentages to Reduce Fronting Exposure.  All or any part of such Defaulting Lender’s participation in L/C Obligations and Swingline Loans shall be reallocated among the Non-Defaulting Lenders in accordance with their respective Applicable Revolving Percentages (calculated without regard to such Defaulting Lender’s Revolving Commitment) but only to the extent that such reallocation does not cause the aggregate Revolving Exposure of any Non-Defaulting Lender to exceed such Non-Defaulting Lender’s Revolving Commitment.  Subject to Section 10.20, no reallocation hereunder shall constitute a waiver or release of any claim of any party hereunder against a Defaulting Lender arising from that Lender having become a Defaulting Lender, including any claim of a Non-Defaulting Lender as a result of such Non-Defaulting Lender’s increased exposure following such reallocation.

  (v)	Cash Collateral, Repayment of Swingline Loans.  If the reallocation described in clause (a)(iv) above cannot, or can only partially, be effected, the Borrowers shall, without prejudice to any right or remedy available to them hereunder or under applicable Law, (A) first, prepay Swingline Loans in an amount equal to the Swingline Lender’s Fronting Exposure and (B) second, Cash Collateralize each L/C Issuer’s Fronting Exposure in accordance with the procedures set forth in Section 2.14.

  (b)	Defaulting Lender Cure.  If the Company, the Administrative Agent, Swingline Lender and the L/C Issuers agree in writing that a Lender is no longer a Defaulting Lender, the Administrative Agent will so notify the parties hereto, whereupon as of the effective date specified in such notice and subject to any conditions set forth therein (which may include arrangements with respect to any Cash Collateral), that Lender will, to the extent applicable, purchase at par that portion of outstanding Loans of the other Lenders or take such other actions as the Administrative Agent may determine to be necessary to cause the Loans and funded and unfunded participations in Letters of Credit and Swingline Loans to be held on a pro rata basis by the Lenders in accordance 

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  with their Applicable Percentages (without giving effect to Section 2.15(a)(iv)), whereupon such Lender will cease to be a Defaulting Lender; provided that no adjustments will be made retroactively with respect to fees accrued or payments made by or on behalf of the Borrowers while that Lender was a Defaulting Lender; and provided, further, that except to the extent otherwise expressly agreed by the affected parties, no change hereunder from Defaulting Lender to Lender will constitute a waiver or release of any claim of any party hereunder arising from that Lender’s having been a Defaulting Lender.

  2.16	Designated Borrowers.

  (a)	Designated Borrowers. The Company may at any time, upon not less than 15 Business Days’ notice from the Company to the Administrative Agent (or such shorter period as may be agreed by the Administrative Agent in its sole discretion), request to designate any Restricted Domestic Subsidiary of the Company that is a Material Subsidiary (an “Applicant Borrower”) as a Designated Borrower to receive Loans hereunder by delivering to the Administrative Agent (which shall promptly deliver counterparts thereof to each Lender) a duly executed notice and agreement in substantially the form of Exhibit L (a “Designated Borrower Request and Assumption Agreement”).  The parties hereto acknowledge and agree that prior to any Applicant Borrower becoming entitled to utilize the credit facilities provided for herein (i) the Administrative Agent and the Lenders that are to provide Revolving Commitments and/or Loans in favor of an Applicant Borrower must each agree to such Applicant Borrower becoming a Designated Borrower and (ii) the Administrative Agent and such Lenders shall have received (A) such supporting resolutions, incumbency certificates, opinions of counsel and other documents or information (including without limitation documentation and other information requested in connection with applicable “know your customer” and anti-money-laundering rules and regulations, including, without limitation, the PATRIOT Act), in form, content and scope reasonably satisfactory to the Administrative Agent, as may be required by the Administrative Agent, (B) Notes signed by such new Borrowers to the extent any Lender so requires, and (C) a guaranty or guaranty supplement duly executed by the Company, in form and substance reasonably satisfactory to the Administrative Agent, in its capacity as a Guarantor of the Obligations of such Designated Borrower (the requirements in clauses (i) and (ii) hereof, the “Designated Borrower Requirements”).  If the Designated Borrower Requirements are met, the Administrative Agent shall send a notice in substantially the form of Exhibit M (a “Designated Borrower Notice”) to the Company and the Lenders specifying the effective date upon which the Applicant Borrower shall constitute a Designated Borrower for purposes hereof, whereupon each of the Lenders agrees to permit such Designated Borrower to receive Loans hereunder, on the terms and conditions set forth herein, and each of the parties agrees that such Designated Borrower otherwise shall be a Borrower for all purposes of this Agreement; provided that no Loan Notice or Letter of Credit Application may be submitted by or on behalf of such Designated Borrower until the date five (5) Business Days after such effective date.

  (b)	Obligations. Except as specifically provided herein, the Secured Obligations of the Company and each of the Borrowers shall be joint and several in nature regardless of which such Person actually receives Credit Extensions hereunder or the amount of such Credit Extensions received or the manner in which the Administrative Agent, any L/C Issuer or any Lender accounts for such Credit Extensions on its books and records.  

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  (c)	Appointment. Each Subsidiary of the Company that is or becomes a “Designated Borrower” pursuant to this Section 2.16 hereby irrevocably appoints the Company to act as its agent for all purposes of this Agreement and the other Loan Documents and agrees that (i) the Company may execute such documents on behalf of such Designated Borrower as the Company deems appropriate in its sole discretion and each Designated Borrower shall be obligated by all of the terms of any such document executed on its behalf, (ii) any notice or communication delivered by the Administrative Agent or the Lender to the Company shall be deemed delivered to each Designated Borrower and (iii)  the Administrative Agent or the Lenders may accept, and be permitted to rely on, any document, instrument or agreement executed by the Company on behalf of each of the Loan Parties.

  2.17	Increase in Revolving Facility.

  (a)	Request for Increase.  Provided there exists no Default, upon notice to the Administrative Agent (which shall promptly notify the Revolving Lenders), the Company may from time to time, request an increase in the Revolving Facility by an amount (for all such requests, and together with any requests made pursuant to Section 2.18 below) not exceeding $100,000,000 (the “Incremental Revolving Facility Maximum Amount”) (an “Incremental Revolving Facility”); provided that (i) any such request for an Incremental Revolving Facility shall be in a minimum amount of $50,000,000, (ii) the Company may make a maximum of three (3) such requests, and (iii) the Incremental Revolving Facility Maximum Amount shall not apply if, after giving effect to any such Incremental Revolving Facility, the Consolidated Net Leverage Ratio on a Pro Forma Basis (after giving effect to the incurrence of such amount and the use of proceeds thereof) as at the last day of the most recently ended Measurement Period is less than or equal to 3.00 to 1.00 (provided that the amount of Indebtedness for purposes of such calculation of the Consolidated Net Leverage Ratio shall assume the Incremental Revolving Facility is fully drawn).  For purposes of the forgoing incurrence test, it is understood and agreed that the proceeds of the applicable Incremental Revolving Facility shall not be netted against the applicable Indebtedness included in the calculation of the Consolidated Net Leverage Ratio.  At the time of sending such notice, the Company (in consultation with the Administrative Agent) shall specify the time period within which each Revolving Lender is requested to respond (which shall in no event be less than ten (10) Business Days from the date of delivery of such notice to the Revolving Lenders).  

  (b)	Lender Elections to Increase.  Each Revolving Lender shall notify the Administrative Agent within such time period whether or not it agrees to increase its Revolving Commitment and, if so, whether by an amount equal to, greater than, or less than its Applicable Revolving Percentage of such requested increase.  Any Revolving Lender not responding within such time period shall be deemed to have declined to increase its Revolving Commitment.

  (c)	Notification by Administrative Agent; Additional Revolving Lenders.  The Administrative Agent shall notify the Company and each Revolving Lender of the Revolving Lenders’ responses to each request made hereunder.  To achieve the full amount of a requested increase, and subject to the approval of the Administrative Agent, the L/C Issuers and the Swingline Lender, the Company may also invite additional Eligible Assignees to become Revolving Lenders pursuant to a joinder agreement (“New Revolving Lenders”) in form and substance satisfactory to the Administrative Agent and its counsel.

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  (d)	Effective Date and Allocations.  If the Revolving Facility is increased in accordance with this Section, the Administrative Agent and the Company shall determine the effective date (the “Revolving Increase Effective Date”) and the final allocation of such increase.  The Administrative Agent shall promptly notify the Company and the Revolving Lenders and the New Revolving Lenders of the final allocation of such increase and the Revolving Increase Effective Date.

  (e)	Conditions to Effectiveness of Increase.  As a condition precedent to such increase, the Company shall deliver to the Administrative Agent a certificate of each Loan Party dated as of the Revolving Increase Effective Date signed by a Responsible Officer of such Loan Party (i) certifying and attaching the resolutions adopted by such Loan Party approving or consenting to such increase, and (ii) in the case of the Company, certifying that, before and after giving effect to such increase, (A) the representations and warranties contained in Article V and the other Loan Documents are true and correct, on and as of the Revolving Increase Effective Date, and except that for purposes of this Section, the representations and warranties contained in subsections (a) and (b) of Section 5.05 shall be deemed to refer to the most recent statements furnished pursuant to clauses (a) and (b), respectively, of Section 6.01, (B) both before and after giving effect to the Incremental Revolving Facility, no Default exists, and (C) after giving effect to the Incremental Revolving Facility, the Company and its Restricted Subsidiaries are in Pro Forma Compliance with the applicable financial covenants contained in Section 7.11 (giving effect to, among other things, the application of proceeds thereof, but subject to the limitation on netting provided above) as at the last day of the most recently ended Measurement Period (provided that the amount of Indebtedness for purposes of such calculation of the Consolidated Net Leverage Ratio shall assume the Incremental Revolving Facility is fully drawn).  The Company shall deliver or cause to be delivered any other customary documents (including, without limitation, legal opinions) as reasonably requested by the Administrative Agent in connection with any Incremental Revolving Facility. The Company shall prepay any Revolving Loans outstanding on the Revolving Increase Effective Date (and pay any additional amounts required pursuant to Section 3.05) to the extent necessary to keep the outstanding Revolving Loans ratable with any revised Applicable Revolving Percentages arising from any nonratable increase in the Revolving Commitments under this Section.

  (f)	Conflicting Provisions.  This Section shall supersede any provisions in Section 2.13 or 11.01 to the contrary.

  (g)	Incremental Revolving Facility.  Except as otherwise specifically set forth herein, all of the other terms and conditions applicable to such Incremental Revolving Facility shall be identical to the terms and conditions applicable to the Revolving Facility.

  2.18	Incremental Term Facility.  

  (a)	Request for Increase.  Provided there exists no Default, upon notice to the Administrative Agent (which shall promptly notify the Term Lenders), the Company may from time to time, request one or more new term facilities by an amount (for all such requests, and together with any requests made pursuant to Section 2.17 above) not exceeding $100,000,000 (the “Incremental Term Facility Maximum Amount”) (an “Incremental Term Facility”); provided that (i) any such request for an Incremental Term Facility shall be in a minimum amount of 

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  $50,000,000, (ii) the Company may make a maximum of three (3) such requests, and (iii) the Incremental Term Facility Maximum Amount shall not apply if, after giving effect to any such Incremental Term Facility, the Consolidated Net Leverage Ratio on a Pro Forma Basis (after giving effect to the incurrence of such amount and the use of proceeds thereof) as at the last day of the most recently ended Measurement Period is less than or equal to 3.00 to 1.00.  For purposes of the forgoing incurrence test, it is understood and agreed that the proceeds of the applicable Term Facility shall not be netted against the applicable Indebtedness included in the calculation of the Consolidated Net Leverage Ratio.  At the time of sending such notice, the Company (in consultation with the Administrative Agent) shall specify the time period within which each Term Lender is requested to respond (which shall in no event be less than ten Business Days from the date of delivery of such notice to the Term Lenders).  

  (b)	Lender Elections to Fund.  Each Term Lender shall notify the Administrative Agent within such time period whether or not it agrees to commit to provide term loans pursuant to the Incremental Term Facility and, if so, in the amount set forth by such Term Lender.  Any Term Lender not responding within such time period shall be deemed to have declined to commit to provide term loans pursuant to the Incremental Term Facility.

  (c)	Notification by Administrative Agent; Additional Term Lenders.  The Administrative Agent shall notify the Company and each Term Lender of the Term Lenders’ responses to each request made hereunder.  To achieve the full amount of a requested Incremental Term Facility, and subject to the approval of the Administrative Agent, the Company may also invite additional Eligible Assignees to become Term Lenders pursuant to a joinder agreement (“New Term Lenders”) in form and substance satisfactory to the Administrative Agent and its counsel.

  (d)	Effective Date and Allocations.  If the Incremental Term Facility is provided in accordance with this Section, the Administrative Agent and the Company shall determine the effective date (the “Term Increase Effective Date”) and the final allocation of such Incremental Term Facility.  The Administrative Agent shall promptly notify the Company, the Term Lenders and the New Term Lenders of the final allocation of such Incremental Term Facility and the Term Increase Effective Date.

  (e)	Conditions to Effectiveness of Incremental Term Facility.  As a condition precedent to such Incremental Term Facility, the Company shall deliver to the Administrative Agent a certificate of each Loan Party dated as of the Term Increase Effective Date signed by a Responsible Officer of such Loan Party (i) certifying and attaching the resolutions adopted by such Loan Party approving or consenting to such Incremental Term Facility, and (ii) in the case of the Company, certifying that, before and after giving effect to any Borrowing under such Incremental Term Facility on the Term Increase Effective Date, (A) the representations and warranties contained in Article V and the other Loan Documents are true and correct in all material respects, except for such representations and warranties that have a materiality or Material Adverse Effect qualification, which shall be true and correct in all respects, on and as of the Term Increase Effective Date, except to the extent that such representations and warranties specifically refer to an earlier date, in which case they are true and correct as of such earlier date, and except that for purposes of this Section 2.18, the representations and warranties contained in subsections (a) and (b) of Section 5.05 shall be deemed to refer to the most recent statements furnished pursuant to 

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  clauses (a) and (b), respectively, of Section 6.01,  (B) no Default exists and (C) after giving effect to the Incremental Term Facility, the Company and its Restricted Subsidiaries are in Pro Forma Compliance with the applicable financial covenants contained in Section 7.11 (giving effect to, among other things, the application of proceeds thereof, but subject to the limitation on netting provided above) as at the last day of the most recently ended Measurement Period.  The Borrowers shall deliver or cause to be delivered any other customary documents (including, without limitation, legal opinions) as reasonably requested by the Administrative Agent in connection with any Incremental Term Facility.

  (f)	Terms of Incremental Term Facility.  Except for the maturity date, Applicable Rate, upfront fees and amortization applicable to an Incremental Term Facility and except as otherwise specifically set forth herein, all of the other terms and conditions applicable to such Incremental Term Facility shall be on the same terms and conditions applicable to the Term Facility; provided, however, that (i) the final maturity date of the Incremental Term Facility shall be no earlier than the Maturity Date of the Term Loans; and (ii) the average weighted life to maturity of any Incremental Term Facility shall be no shorter than the weighted average life to maturity of the Term Loans. For the avoidance of doubt, the Incremental Term Facility shall rank pari passu in right of payment and security with the existing Loans and shall not be secured by any collateral or supported by any Guarantee other than those provided pursuant to the Collateral Documents and the Guaranty.  

  An Incremental Term Facility shall be provided hereunder pursuant to an amendment or restatement (an “Incremental Term Facility Amendment”) of this Agreement and, as appropriate, the other Loan Documents, executed by the Borrower, each Lender participating in such Incremental Term Facility, if any, and the Administrative Agent. The Incremental Term Facility Amendment may, without the consent of any other Lenders, effect such amendments to this Agreement and the other Loan Documents, including without limitation Section 2.07(a), as may be necessary or appropriate, in the reasonable opinion of the Administrative Agent, to effect the provisions of this Section 2.18.

  (g)	Conflicting Provisions.  This Section shall supersede any provisions in Section 2.13 or 10.01 to the contrary.

  2.19	Sustainability Adjustments.	

  (a)	ESG Amendment.  After the Closing Date, the Borrowers, in consultation with the Joint Sustainability Coordinators, shall be entitled to establish specified key performance indicators (“Key Performance Indicators”) with respect to certain Environmental, Social and Governance (“ESG”) targets of the Company and its Subsidiaries. The Joint Sustainability Coordinators, the Required Lenders, and the Borrowers may amend this Agreement (such amendment, the “ESG Amendment”) solely for the purpose of incorporating the Key Performance Indicators and other related provisions (the “ESG Pricing Provisions”) into this Agreement. Upon effectiveness of any such ESG Amendment, based on the Borrowers’ performance against the Key Performance Indicators, certain adjustments (increase, decrease or no adjustment) to the Applicable Rate for the Commitment Fee, Letter of Credit Fee, Base Rate Loans, Eurodollar Rate Loans, and Alternative Currency Loans may be made; provided that the amount of any such adjustments made pursuant to an ESG Amendment shall not result in a decrease or increase of 

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  more than (a) 1.00 basis point in the Applicable Rate for the Commitment Fee and/or (b) 5.00 basis points in the Applicable Rate for Base Rate Loans, Applicable Rate for Eurodollar Rate Loans, Applicable Rate for Alternative Currency Loans, or Applicable Rate for the Letter of Credit Fee, in each case, determined based upon the Consolidated Net Leverage Ratio on the effective date of the ESG Amendment, provided that in no event shall the Applicable Rate be less than zero. The pricing adjustments pursuant to the Key Performance Indicators will require, among other things, reporting and validation of the measurement of the Key Performance Indicators in a manner that is aligned with the Sustainability Linked Loan Principles as agreed upon by the Borrowers and the Joint Sustainability Coordinators (each acting reasonably). Following the effectiveness of the ESG Amendment, any modification to the ESG Pricing Provisions which does not have the effect of reducing the Applicable Rate for the Commitment Fee, Letter of Credit Fee, Base Rate Loans, Eurodollar Rate Loans, and Alternative Currency Loans to a level not otherwise permitted by this paragraph shall be subject only to the consent of the Required Lenders.

  (b)	Joint Sustainability Coordinators.  The Joint Sustainability Coordinators will (i) assist the Borrowers in determining the ESG Pricing Provisions in connection with the ESG Amendment and (ii) assist the Borrowers in preparing informational materials focused on ESG to be used in connection with the ESG Amendment.

  (c)	Conflicting Provisions.  This Section shall supersede any provisions in Section 10.01 to the contrary.

  ARTICLE III
TAXES, YIELD PROTECTION AND ILLEGALITY

  3.01	Taxes.

  (a)	Payments Free of Taxes; Obligation to Withhold; Payments on Account of Taxes.

  (i)	Any and all payments by or on account of any obligation of any Loan Party under any Loan Document shall be made without deduction or withholding for any Taxes, except as required by applicable Laws.  If any applicable Laws (as determined in the good faith discretion of the Administrative Agent) require the deduction or withholding of any Tax from any such payment by the Administrative Agent or a Loan Party, then the Administrative Agent or such Loan Party shall be entitled to make such deduction or withholding, upon the basis of the information and documentation to be delivered pursuant to subsection (e) below.

  (ii)	If any Loan Party or the Administrative Agent shall be required by the Code to withhold or deduct any Taxes, including both United States federal backup withholding and withholding taxes, from any payment, then (A) the Administrative Agent shall withhold or make such deductions as are determined by the Administrative Agent to be required based upon the information and documentation it has received pursuant to subsection (e) below, (B) the Administrative Agent shall timely pay the full amount withheld or deducted to the relevant Governmental Authority in accordance with the Code, and (C) to the extent that the withholding or deduction is made on account of Indemnified Taxes, the sum payable by the applicable Loan Party shall be increased as necessary so that 

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  after any required withholding or the making of all required deductions (including deductions applicable to additional sums payable under this Section 3.01) the applicable Recipient receives an amount equal to the sum it would have received had no such withholding or deduction been made.

  (iii)	If any Loan Party or the Administrative Agent shall be required by any applicable Laws other than the Code to withhold or deduct any Taxes from any payment, then (A) such Loan Party or the Administrative Agent, as required by such Laws, shall withhold or make such deductions as are determined by it to be required based upon the information and documentation it has received pursuant to subsection (e) below, (B) such Loan Party or the Administrative Agent, to the extent required by such Laws, shall timely pay the full amount withheld or deducted to the relevant Governmental Authority in accordance with such Laws, and (C) to the extent that the withholding or deduction is made on account of Indemnified Taxes, the sum payable by the applicable Loan Party shall be increased as necessary so that after any required withholding or the making of all required deductions (including deductions applicable to additional sums payable under this Section 3.01) the applicable Recipient receives an amount equal to the sum it would have received had no such withholding or deduction been made.

  (b)	Payment of Other Taxes by the Loan Parties.  Without limiting the provisions of subsection (a) above, the Loan Parties shall timely pay to the relevant Governmental Authority in accordance with applicable law, or at the option of the Administrative Agent timely reimburse it for the payment of, any Other Taxes.

  (c)	Tax Indemnifications.

  (i)	Each of the Loan Parties shall, and does hereby, jointly and severally indemnify each Recipient, and shall make payment in respect thereof within ten (10) days after demand therefor, for the full amount of any Indemnified Taxes (including Indemnified Taxes imposed or asserted on or attributable to amounts payable under this Section 3.01) payable or paid by such Recipient or required to be withheld or deducted from a payment to such Recipient, and any penalties, interest and reasonable expenses arising therefrom or with respect thereto, whether or not such Indemnified Taxes were correctly or legally imposed or asserted by the relevant Governmental Authority.  A certificate as to the amount of such payment or liability delivered to the Company by a Lender or an L/C Issuer (with a copy to the Administrative Agent), or by the Administrative Agent on its own behalf or on behalf of a Lender or an L/C Issuer, shall be conclusive absent manifest error.  Each of the Loan Parties shall also, and does hereby, jointly and severally indemnify the Administrative Agent, and shall make payment in respect thereof within ten (10) days after demand therefor, for any amount which a Lender or an L/C Issuer for any reason fails to pay indefeasibly to the Administrative Agent as required pursuant to Section 3.01(c)(ii) below.

  (ii)	Each Lender and each L/C Issuer shall, and does hereby, severally indemnify the Administrative Agent and shall make payment in respect thereof within ten (10) days after demand therefor, for (A) any Indemnified Taxes attributable to such Lender or such L/C Issuer (but only to the extent that any Loan Party has not already indemnified the 

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  Administrative Agent for such Indemnified Taxes and without limiting the obligation of the Loan Parties to do so), (B) any Taxes attributable to such Lender’s failure to comply with the provisions of Section 10.06(d) relating to the maintenance of a Participant Register and (C) any Excluded Taxes attributable to such Lender or the L/C Issuer, in each case, that are payable or paid by the Administrative Agent or a Loan Party in connection with any Loan Document, and any reasonable expenses arising therefrom or with respect thereto, whether or not such Taxes were correctly or legally imposed or asserted by the relevant Governmental Authority.  A certificate as to the amount of such payment or liability delivered to any Lender by the Administrative Agent shall be conclusive absent manifest error.  Each Lender and each L/C Issuer hereby authorizes the Administrative Agent to set off and apply any and all amounts at any time owing to such Lender or such L/C Issuer, as the case may be, under this Agreement or any other Loan Document against any amount due to the Administrative Agent under this clause (ii).

  (d)	Evidence of Payments.  As soon as practicable after any payment of Taxes by any Loan Party to a Governmental Authority, as provided in this Section 3.01, the Company shall deliver to the Administrative Agent the original or a certified copy of a receipt issued by such Governmental Authority evidencing such payment, a copy of any return reporting such payment or other evidence of such payment reasonably satisfactory to the Administrative Agent.

  (e)	Status of Lenders; Tax Documentation.

  (i)	Any Lender that is entitled to an exemption from or reduction of withholding Tax with respect to payments made under any Loan Document shall deliver to the Company and the Administrative Agent, at the time or times reasonably requested by the Company or the Administrative Agent, such properly completed and executed documentation reasonably requested by the Company 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 reasonably requested by the Company or the Administrative Agent, shall deliver such other documentation prescribed by applicable Law or reasonably requested by the Company or the Administrative Agent as will enable the Company or the Administrative Agent to determine whether or not such Lender is subject to backup withholding or information reporting requirements.  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 3.01(e)(ii)(A), (ii)(B) and (ii)(D) 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, in the event that any Borrower is a U.S. Person,

  (A)	any Lender that is a U.S. Person shall deliver to the Company and the Administrative Agent on or prior to the date on which such Lender becomes a Lender under this Agreement (and from time to time thereafter upon the reasonable request of the Company or the Administrative Agent), executed copies of IRS Form 

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  W-9 certifying that such Lender is exempt from U.S. federal backup withholding tax;

  (B)	any Foreign Lender shall, to the extent it is legally entitled to do so, deliver to the Company 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 Company or the Administrative Agent), 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 (x) with respect to payments of interest under any Loan Document, executed copies of IRS Form W-8BEN-E (or W-8BEN, as applicable) establishing an exemption from, or reduction of, U.S. federal withholding Tax pursuant to the “interest” article of such tax treaty and (y) with respect to any other applicable payments under any Loan Document, IRS Form W-8BEN-E (or W-8BEN, as applicable)  establishing an exemption from, or reduction of, U.S. federal withholding Tax pursuant to the “business profits” or “other income” article of such tax treaty;

  (2)	executed copies of IRS Form W-8ECI;

  (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 substantially in the form of Exhibit H-1 to the effect that such Foreign Lender is not a “bank” within the meaning of Section 881(c)(3)(A) of the Code, a “10 percent shareholder” of any Borrower within the meaning of Section 881(c)(3)(B) of the Code, or a “controlled foreign corporation” described in Section 881(c)(3)(C) of the Code (a “U.S. Tax Compliance Certificate”) and (y) executed copies of IRS Form W-8BEN-E (or W-8BEN, as applicable); or

  (4)	to the extent a Foreign Lender is not the beneficial owner, executed copies of IRS Form W-8IMY, accompanied by IRS Form W-8ECI, IRS Form W-8BEN-E (or W-8BEN, as applicable), a U.S. Tax Compliance Certificate substantially in the form of Exhibit H-2 or Exhibit H-3, IRS Form W-9, and/or other certification documents from each beneficial owner, as applicable; provided that if the Foreign Lender is a partnership and one or more direct or indirect partners of such Foreign Lender are claiming the portfolio interest exemption, such Foreign Lender may provide a U.S. Tax Compliance Certificate substantially in the form of Exhibit H-4 on behalf of each such direct and indirect partner;

  (C)	any Foreign Lender shall, to the extent it is legally entitled to do so, deliver to the Company 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 

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  Lender becomes a Lender under this Agreement (and from time to time thereafter upon the reasonable request of the Company or the Administrative Agent), executed copies 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 Company or the Administrative Agent to determine the withholding or deduction required to be made; and

  (D)	if a payment made to a Lender under any Loan Document would be subject to U.S. federal withholding Tax imposed by FATCA if such Lender were to fail to comply with the applicable 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 Company and the Administrative Agent at the time or times prescribed by law and at such time or times reasonably requested by the Company or the Administrative Agent such documentation prescribed by applicable Law (including as prescribed by Section 1471(b)(3)(C)(i) of the Code) and such additional documentation reasonably requested by the Company or the Administrative Agent as may be necessary for the Company and the Administrative Agent to comply with their obligations under FATCA and to determine that such Lender has complied with such Lender’s obligations under FATCA or to determine the amount to deduct and withhold from such payment.  Solely for purposes of this clause (D), “FATCA” shall include any amendments made to FATCA after the date of this Agreement.

  (iii)	Each Lender agrees that if any form or certification it previously delivered pursuant to this Section 3.01 expires or becomes obsolete or inaccurate in any respect, it shall update such form or certification or promptly notify the Company and the Administrative Agent in writing of its legal inability to do so.

  (f)	Treatment of Certain Refunds.  Unless required by applicable Laws, at no time shall the Administrative Agent have any obligation to file for or otherwise pursue on behalf of a Lender or the L/C Issuer, or have any obligation to pay to any Lender or the L/C Issuer, any refund of Taxes withheld or deducted from funds paid for the account of such Lender or the L/C Issuer, as the case may be.  If any Recipient 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 any Loan Party or with respect to which any Loan Party has paid additional amounts pursuant to this Section 3.01, it shall pay to such Loan Party an amount equal to such refund (but only to the extent of indemnity payments made, or additional amounts paid, by such Loan Party under this Section 3.01 with respect to the Taxes giving rise to such refund), net of all out-of-pocket expenses (including Taxes) incurred by such Recipient, as the case may be, and without interest (other than any interest paid by the relevant Governmental Authority with respect to such refund), provided that each Loan Party, upon the request of the Recipient, agrees to repay the amount paid over to such Loan Party (plus any penalties, interest or other charges imposed by the relevant Governmental Authority) to the Recipient in the event the Recipient is required to repay such refund to such Governmental Authority.  Notwithstanding anything to the contrary in this subsection, in no event will the applicable Recipient be required to pay any amount to such Loan Party pursuant to this subsection the payment of which would place the Recipient in a less favorable net after-Tax position than 

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  such Recipient 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 subsection shall not be construed to require any Recipient to make available its tax returns (or any other information relating to its taxes that it deems confidential) to any Loan Party or any other Person.

  (g)	Survival.  Each party’s obligations under this Section 3.01 shall survive the resignation or replacement of the Administrative Agent or any assignment of rights by, or the replacement of, a Lender or the L/C Issuer, the termination of the Revolving Commitments and the repayment, satisfaction or discharge of all other Obligations.

  3.02	Illegality.  If any Lender determines that any Law has made it unlawful, or that any Governmental Authority has asserted that it is unlawful, for any Lender or its applicable Lending Office to perform any of its obligations hereunder or to make, maintain or fund or charge interest with respect to any Credit Extension or to determine or charge interest rates based upon the Eurodollar Rate or Relevant Rate, or any Governmental Authority has imposed material restrictions on the authority of such Lender to purchase or sell, or to take deposits of, Dollars or any Alternative Currency in the applicable interbank market, then, on notice thereof by such Lender to the Borrowers through the Administrative Agent, (a) any obligation of such Lender to issue, make, maintain, fund or charge interest with respect to any such Credit Extension or continue Alternative Currency Loans in the affected currency or currencies or, in the case of Loans denominated in Dollars, to convert Base Rate Loans to Eurodollar Rate Loans shall be suspended, and (b) if such notice asserts the illegality of such Lender making or maintaining Base Rate Loans  the interest rate on which is determined by reference to the Eurodollar Rate component of the Base Rate, the interest rate on which Base Rate Loans of such Lender shall, if necessary to avoid such illegality, be determined by the Administrative Agent without reference to the Eurodollar Rate component of the Base Rate, in each case until such Lender notifies the Administrative Agent and the Company that the circumstances giving rise to such determination no longer exist.  Upon receipt of such notice, (i) the Borrowers shall, upon demand from such Lender (with a copy to the Administrative Agent), prepay all Alternative Currency Loans in the affected currency or currencies, or, if applicable, convert all Eurodollar Rate Loans of such Lender to Base Rate Loans (the interest rate on which Base Rate Loans of such Lender shall, if necessary to avoid such illegality, be determined by the Administrative Agent without reference to the Eurodollar Rate component of the Base Rate), in each case, immediately, or in the case of Alternative Currency Term Rate Loans or Eurodollar Rate Loans, on the last day of the Interest Period therefor, if such Lender may lawfully continue to maintain such Loans to such day, or immediately, if such Lender may not lawfully continue to maintain such Loans and (ii) if such notice asserts the illegality of such Lender determining or charging interest rates based upon the Eurodollar Rate, the Administrative Agent shall during the period of such suspension compute the Base Rate applicable to such Lender without reference to the Eurodollar 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 Eurodollar Rate.  Upon any such prepayment or conversion, the Borrowers shall also pay accrued interest on the amount so prepaid or converted, together with any additional amounts required pursuant to Section 3.05.

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  3.03	Inability to Determine Rates.  

  (a)	If in connection with any request for a Eurodollar Rate Loan or an Alternative Currency Loan or a conversion to or continuation thereof, (i) the Administrative Agent determines (which determination shall be conclusive absent manifest error) that (A) Dollar deposits are not being offered to banks in the London interbank market for the applicable amount and Interest Period of such Eurodollar Rate Loan, (B) no Successor Rate for the Relevant Rate for the applicable Alternative Currency has been determined in accordance with Section 3.03(b) and the circumstances under clause (i) of Section 3.03(b) or the Scheduled Unavailability Date has occurred with respect to such Relevant Rate (as applicable), or (C) adequate and reasonable means do not otherwise exist for determining the Eurodollar Rate or Relevant Rate for the applicable Alternative Currency for any requested Interest Period with respect to a proposed Eurodollar Rate Loan or Alternative Currency Loan or in connection with an existing or proposed Base Rate Loan, or (ii) the Administrative Agent or the Required Lenders determine that for any reason Eurodollar Rate or Relevant Rate for any requested Interest Period with respect to a proposed Eurodollar Rate Loan or Alternative Currency Loan, as applicable, does not adequately and fairly reflect the cost to such Lenders of funding such Loan, the Administrative Agent will promptly so notify the Company and each Lender.  

  Thereafter, (x) the obligation of the Lenders to make or maintain Eurodollar Rate Loans or Alternative Currency Loans, as applicable, in the affected currency or currencies shall be suspended (to the extent of the affected Loans or Interest Periods), and (y) in the event of a determination described in the preceding sentence with respect to the Eurodollar Rate component of the Base Rate, the utilization of the Eurodollar Rate component in determining the Base Rate shall be suspended, in each case until the Administrative Agent (upon the instruction of the Required Lenders) revokes such notice.  

  Upon receipt of such notice, (i) the Borrowers may revoke any pending request for a Borrowing of, conversion to or continuation of Eurodollar Rate Loans (to the extent of the affected Eurodollar Rate Loans or Interest Periods) or Borrowing of, or continuation of Alternative Currency Loans to the extent of the affected Alternative Currency Loans or Interest Period or determination date(s), as applicable or, failing that, will be deemed to have converted such request into a request for a Borrowing of Base Rate Loans in the amount specified therein and (ii) (A) any outstanding Eurodollar Rate Loans shall be deemed to have been converted to Base Rate Loans immediately and (B) any outstanding affected Alternative Currency Loans, at the Company’s election, shall either (1) be converted into a Borrowing of Base Rate Loans denominated in Dollars in the Dollar Equivalent of the amount of such outstanding Alternative Currency Loan immediately, in the case of an Alternative Currency Daily Rate Loan or at the end of the applicable Interest Period, in the case of an Alternative Currency Term Rate Loan or (2) be prepaid in full immediately, in the case of an Alternative Currency Daily Rate Loan, or at the end of the applicable Interest Period, in the case of an Alternative Currency Term Rate Loan; provided that if no election is made by the Company (x) in the case of an Alternative Currency Daily Rate Loan, by the date that is three Business Days after receipt by the Company of such notice or (y) in the case of an Alternative Currency Term Rate Loan, by the last day of the current Interest Period for the applicable Alternative Currency Term Rate Loan, the Company shall be deemed to have elected clause (1) above. 

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  (b)	Replacement of Alternative Currency Rates.  Notwithstanding anything to the contrary in this Agreement or any other Loan Documents, if the Administrative Agent determines (which determination shall be conclusive absent manifest error), or the Borrower Representative or Required Lenders notify the Administrative Agent (with, in the case of the Required Lenders, a copy to the Borrower Representative) that the Borrower Representative or Required Lenders (as applicable) have determined, that:

  (i)	adequate and reasonable means do not exist for ascertaining the Relevant Rate an Alternative Currency because none of the tenors of such Relevant Rate (including any forward-looking term rate thereof) is available or published on a current basis and such circumstances are unlikely to be temporary; or

  (ii)	the Applicable Authority has made a public statement identifying a specific date after which all tenors of the Relevant Rate for an Alternative Currency (including any forward-looking term rate thereof) shall or will no longer be representative or made available, or used for determining the interest rate of loans denominated in such Alternative Currency, or shall or will otherwise cease, provided that, in each case, at the time of such statement, there is no successor administrator that is satisfactory to the Administrative Agent that will continue to provide such representative tenor(s) of the Relevant Rate for such Alternative Currency (the latest date on which all tenors of the Relevant Rate for such Alternative Currency (including any forward-looking term rate thereof) are no longer representative or available permanently or indefinitely, the “Scheduled Unavailability Date”);  or

  (iii)	syndicated loans currently being executed and agented in the U.S., are being executed or amended (as applicable) to incorporate or adopt a new benchmark interest rate to replace the Relevant Rate for an Alternative Currency;

  or if the events or circumstances of the type described in Section 3.03(b)(i), (ii) or (iii) have occurred with respect to the Successor Rate then in effect, then, the Administrative Agent and the Borrower Representative may amend this Agreement solely for the purpose of replacing the Relevant Rate for an Alternative Currency or any then current Successor Rate for an Alternative Currency in accordance with this Section 3.03 with an alternative benchmark rate giving due consideration to any evolving or then existing convention for similar credit facilities syndicated and agented in the U.S. and denominated in such Alternative Currency for such alternative benchmarks, and, in each case, including any mathematical or other adjustments to such benchmark giving due consideration to any evolving or then existing convention for similar credit facilities syndicated and agented in the U.S. and denominated in such Alternative Currency for such benchmarks, which adjustment or method for calculating such adjustment shall be published on an information service as selected by the Administrative Agent from time to time in its reasonable discretion and may be periodically updated (and any such proposed rate, including for the avoidance of doubt, any adjustment thereto, a “Successor Rate”), and any such amendment shall become effective at 5:00 p.m. on the fifth Business Day after the Administrative Agent shall have posted such proposed amendment to all Lenders and the Borrower Representative unless, prior to such time, Lenders comprising the Required Lenders have delivered to the Administrative Agent written notice that such Required Lenders object to such amendment. 

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  The Administrative Agent will promptly (in one or more notices) notify the Borrower Representative and each Lender of the implementation of any Successor Rate.

  Any Successor 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 Successor Rate shall be applied in a manner as otherwise reasonably determined by the Administrative Agent.

  Notwithstanding anything else herein, if at any time any Successor Rate as so determined would otherwise be less than zero, the Successor Rate will be deemed to be zero for the purposes of this Agreement and the other Loan Documents.

  In connection with the implementation of a Successor Rate, the Administrative Agent will have the right to make Alternative Currency Conforming Changes from time to time and, notwithstanding anything to the contrary herein or in any other Loan Document, any amendments implementing such Alternative Currency Conforming Changes will become effective without any further action or consent of any other party to this Agreement; provided that, with respect to any such amendment effected, the Administrative Agent shall post each such amendment implementing such Alternative Currency Conforming Changes to the Borrowers and the Lenders reasonably promptly after such amendment becomes effective.

  (c)	Inability to Determine LIBOR.  Notwithstanding anything to the contrary herein or in any other Loan Document:

  (i)	On March 5, 2021 the Financial Conduct Authority (“FCA”), the regulatory supervisor of LIBOR’s administrator (“IBA”), announced in a public statement the future cessation or loss of representativeness of overnight/Spot Next, 1-week, 1-month, 2-month, 3-month, 6-month and 12- month U.S. Dollar LIBOR tenor settings. On the earliest of (A) the date that all Available Tenors of U.S Dollar LIBOR have 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, (B) June 30, 2023 and (C) the Early Opt-in Effective Date in respect of a SOFR Early Opt-in, if the then-current Benchmark is LIBOR, 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.

  (ii)	(x)  Upon (A) the occurrence of a Benchmark Transition Event or (B) a determination by the Administrative Agent that neither of the alternatives under clause (1) of the definition of Benchmark Replacement are available, the Benchmark Replacement will replace the then-current Benchmark for all purposes hereunder and under any Loan Document in respect of any Benchmark setting at or after 5:00 p.m. on the fifth (5th) Business Day after the date notice of such Benchmark Replacement is provided to the Lenders without any amendment to, or further action or consent of any other party to, this Agreement or any other Loan Document so long as the Administrative Agent has not 

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  received, by such time, written notice of objection to such Benchmark Replacement from Lenders comprising the Required Lenders (and any such objection shall be conclusive and binding absent manifest error); provided that solely in the event that the then-current Benchmark at the time of such Benchmark Transition Event is not a SOFR-based rate, the Benchmark Replacement therefor shall be determined in accordance with clause (1) of the definition of Benchmark Replacement unless the Administrative Agent determines that neither of such alternative rates is available.  

  (y)  On the Early Opt-in Effective Date in respect of an Other Rate Early Opt-in, the Benchmark Replacement will replace LIBOR 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

  (iii)	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 Representative 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 Representative’s receipt of notice from the Administrative Agent that a Benchmark Replacement has replaced such Benchmark, and, failing that, the Borrower Representative will be deemed to have converted any such request into a request for a borrowing of or conversion to Base Rate Loans. During the period referenced in the foregoing sentence, the component of Base Rate based upon the Benchmark will not be used in any determination of Base Rate.

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

  (v)	The Administrative Agent will promptly notify the Borrower Representative and the Lenders of (A) the implementation of any Benchmark Replacement and (B) the effectiveness of any Benchmark Replacement Conforming Changes. Any determination, decision or election that may be made by the Administrative Agent pursuant to this Section 3.03(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  sole discretion and without consent from any other party hereto, except, in each case, as expressly required pursuant to this Section 3.03(c). 

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  (vi)	At any time (including in connection with the implementation of a Benchmark Replacement), (A) if the then-current Benchmark is a term rate (including Term SOFR or LIBOR), then the Administrative Agent may remove any tenor of such Benchmark that is unavailable or non-representative for Benchmark (including Benchmark Replacement) settings and (B) the Administrative Agent may reinstate any such previously removed tenor for Benchmark (including Benchmark Replacement) settings.

  3.04	Increased Costs; Reserves on Eurodollar Rate Loans.

  (a)	Increased Costs Generally.  If any Change in Law shall:

  (i)	impose, modify or deem applicable any reserve, special deposit, compulsory loan, insurance charge or similar requirement against assets of, deposits with or for the account of, or credit extended or participated in by, any Lender (except any reserve requirement reflected in the Eurodollar Rate) or any L/C Issuer;

  (ii)	subject any Recipient to any Taxes (other than (A) Indemnified Taxes, (B) Taxes described in clauses (b) through (d) of the definition of Excluded Taxes and (C) Connection Income Taxes) on its loans, loan principal, letters of credit, commitments, or other obligations, or its deposits, reserves, other liabilities or capital attributable thereto; or

  (iii)	impose on any Lender or any L/C Issuer or the London interbank market any other condition, cost or expense affecting this Agreement or Eurodollar Rate Loans or Alternative Currency Loans made by such Lender or any Letter of Credit or participation therein;

  and the result of any of the foregoing shall be to increase the cost to such Lender of making, converting to, continuing or maintaining any Loan (or of maintaining its obligation to make any such Loan), or to increase the cost to such Lender or such L/C Issuer of participating in, issuing or maintaining any Letter of Credit (or of maintaining its obligation to participate in or to issue any Letter of Credit), or to reduce the amount of any sum received or receivable by such Lender or such L/C Issuer hereunder (whether of principal, interest or any other amount) then, upon request of such Lender or such L/C Issuer, the Company will pay (or cause the applicable Designated Borrower to pay) to such Lender or such L/C Issuer, as the case may be, such additional amount or amounts as will compensate such Lender or such L/C Issuer, as the case may be, for such additional costs incurred or reduction suffered.

  (b)	Capital Requirements.  If any Lender or any L/C Issuer determines that any Change in Law affecting such Lender or such L/C Issuer or any Lending Office of such Lender or such Lender’s or such L/C Issuer’s holding company, if any, regarding capital or liquidity requirements has or would have the effect of reducing the rate of return on such Lender’s or such L/C Issuer’s capital or on the capital of such Lender’s or such L/C Issuer’s holding company, if any, as a consequence of this Agreement, the Revolving Commitments of such Lender or the Loans made by, or participations in Letters of Credit or Swingline Loans held by, such Lender, or the Letters of Credit issued by such L/C Issuer, to a level below that which such Lender or such L/C Issuer or such Lender’s or L/C Issuer’s holding company could have achieved but for such Change in Law (taking into consideration such Lender’s or the L/C Issuer’s policies and the policies of such 

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  Lender’s or L/C Issuer’s holding company with respect to capital adequacy or liquidity), then from time to time the Company will pay (or cause the applicable Designated Borrower to pay) to such Lender or L/C Issuer, as the case may be, such additional amount or amounts as will compensate such Lender or L/C Issuer or such Lender’s or L/C Issuer’s holding company for any such reduction suffered.

  (c)	Mandatory Costs.  If any Lender or L/C Issuer incurs any Mandatory Costs attributable to the Obligations, then from time to time the Company will pay (or cause the applicable Designated Borrower to pay) to such Lender or the L/C Issuer, as the case may be, such Mandatory Costs.  Such amount shall be expressed as a percentage rate per annum and shall be payable on the full amount of the applicable Obligations.

  (d)	Certificates for Reimbursement.  A certificate of a Lender or an L/C Issuer setting forth the amount or amounts necessary to compensate such Lender or such L/C Issuer or its holding company, as the case may be, as specified in subsection (a), (b) or (c) of this Section and delivered to the Borrowers shall be conclusive absent manifest error.  The Company shall pay (or cause the applicable Designated Borrower to pay) such Lender or such L/C Issuer, as the case may be, the amount shown as due on any such certificate within ten (10) days after receipt thereof.

  (e)	Reserves on Eurodollar Rate Loans.  The Company shall pay (or cause the applicable Designated Borrower to pay) to each Lender, (i) as long as such Lender shall be required to maintain reserves with respect to liabilities or assets consisting of or including eurocurrency funds or deposits (currently known as “Eurocurrency liabilities”), additional interest on the unpaid principal amount of each Eurodollar Rate Loan equal to the actual costs of such reserves allocated to such Loan by such Lender (as determined by such Lender in good faith, which determination shall be conclusive), and (ii) as long as such Lender shall be required to comply with any reserve ratio requirement or analogous requirement of any central banking or financial regulatory authority imposed in respect of the maintenance of the Revolving Commitments or the funding of the Loans, such additional costs (expressed as a percentage per annum and rounded upwards, if necessary, to the nearest five decimal places) equal to the actual costs allocated to such Revolving Commitment or Loan by such Lender (as determined by such Lender in good faith, which determination shall be conclusive), which in each case shall be due and payable on each date on which interest is payable on such Loan, provided the Borrowers shall have received at least ten (10) days’ prior notice (with a copy to the Administrative Agent) of such additional interest or costs from such Lender.  If a Lender fails to give notice ten (10) days prior to the relevant Interest Payment Date, such additional interest shall be due and payable ten (10) days from receipt of such notice.

  (f)	Delay in Requests.  Failure or delay on the part of any Lender or L/C Issuer to demand compensation pursuant to the foregoing provisions of this Section 3.04 shall not constitute a waiver of such Lender’s or L/C Issuer’s right to demand such compensation, provided that the Borrowers shall not be required to compensate a Lender or an L/C Issuer pursuant to the foregoing provisions of this Section for any increased costs incurred or reductions suffered more than nine (9) months prior to the date that such Lender or L/C Issuer, as the case may be, notifies the Company of the Change in Law giving rise to such increased costs or reductions and of such Lender’s or L/C Issuer’s intention to claim compensation therefor (except that, if the Change in Law giving rise to such increased costs or reductions is retroactive, then the nine (9) month period referred to above shall be extended to include the period of retroactive effect thereof).

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  3.05	Compensation for Losses.

  Upon demand of any Lender (with a copy to the Administrative Agent) from time to time, the Company shall promptly compensate (or cause the applicable Designated Borrower to compensate) such Lender for and hold such Lender harmless from any loss, cost or expense incurred by it as a result of:

  (a)	any continuation, conversion, payment or prepayment of any Loan other than a Base Rate Loan on a day other than the last day of the Interest Period for such Loan (whether voluntary, mandatory, automatic, by reason of acceleration, or otherwise);

  (b)	any failure by any Borrower (for a reason other than the failure of such Lender to make a Loan) to prepay, borrow, continue or convert any Loan other than a Base Rate Loan on the date or in the amount notified by the Company or the applicable Designated Borrower; 

  (c)	any assignment of a Eurodollar Rate Loan or an Alternative Currency Term Rate Loan on a day other than the last day of the Interest Period therefor as a result of a request by the Company pursuant to Section 10.13; or

  (d)	any failure by any Borrower to make payment of any Loan or drawing under any Letter of Credit (or interest due thereon) denominated in an Alternative Currency on its scheduled due date or any payment thereof in a different currency;

  including any loss of anticipated profits, any foreign exchange losses and any loss or expense arising from the liquidation or reemployment of funds obtained by it to maintain such Loan or from fees payable to terminate the deposits from which such funds were obtained or from the performance of any foreign exchange contract.  The Company shall also pay (or cause the applicable Designated Borrower to pay) any customary administrative fees charged by such Lender in connection with the foregoing.

  For purposes of calculating amounts payable by the Company (or the applicable Designated Borrower) to the Lenders under this Section 3.05, each Lender shall be deemed to have funded each Eurodollar Rate Loan or Alternative Currency Term Rate Loan made by it at the Eurodollar Rate or Alternative Currency Term Rate, as applicable, for such Loan by a matching deposit or other borrowing in the interbank market for such currency for a comparable amount and for a comparable period, whether or not such Loan was in fact so funded.

  3.06	Mitigation Obligations; Replacement of Lenders.

  (a)	Designation of a Different Lending Office.  If any Lender requests compensation under Section 3.04, or requires any Borrower to pay any Indemnified Taxes or additional amounts to any Lender, any L/C Issuer, or any Governmental Authority for the account of any Lender or any L/C Issuer pursuant to Section 3.01, or if any Lender gives a notice pursuant to Section 3.02, then at the request of the Company, such Lender or L/C Issuer shall, as applicable, use reasonable efforts to designate a different Lending Office for funding or booking its Loans hereunder or to assign its rights and obligations hereunder to another of its offices, branches or affiliates, if, in the judgment of such Lender or L/C Issuer, such designation or assignment (i) would eliminate or reduce amounts payable pursuant to Section 3.01 or 3.04, as the case may be, in the future, or 

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  eliminate the need for the notice pursuant to Section 3.02, as applicable, and (ii) in each case, would not subject such Lender or L/C Issuer, as the case may be, to any unreimbursed cost or expense and would not otherwise be disadvantageous to such Lender or the L/C Issuer, as the case may be.  The Company hereby agrees to pay (or cause the applicable Designated Borrower to pay) all reasonable costs and expenses incurred by any Lender or L/C Issuer in connection with any such designation or assignment.

  (b)	Replacement of Lenders.  If any Lender requests compensation under Section 3.04, or if any Borrower is required to pay any Indemnified Taxes or additional amounts to any Lender or any Governmental Authority for the account of any Lender pursuant to Section 3.01 and, in each case, such Lender has declined or is unable to designate a different lending office in accordance with Section 3.06(a), the Company may replace such Lender in accordance with Section 10.13.

  3.07	Survival.

  All of the Borrowers’ obligations under this Article III shall survive termination of the aggregate Revolving Commitments, repayment of all other Obligations hereunder, resignation of the Administrative Agent and the Facility Termination Date.

  ARTICLE IV
CONDITIONS PRECEDENT TO CREDIT EXTENSIONS

  4.01	Conditions of Initial Credit Extension.

  The obligation of each L/C Issuer and each Lender to make its initial Credit Extension hereunder is subject to satisfaction of the following conditions precedent:

  (a)	Execution of Credit Agreement; Loan Documents.  The Administrative Agent shall have received (i) counterparts of this Agreement, executed by a Responsible Officer of the Company and a duly authorized officer of each Lender, (ii) for the account of each Lender requesting a Note, a Note executed by a Responsible Officer of the Company, (iii) counterparts of one or more reaffirmations of the Security Agreement and each other Collateral Document, executed by a Responsible Officer of the applicable Loan Parties and a duly authorized officer of each other Person party thereto, as applicable and (iv) counterparts of any other Loan Document, executed by a Responsible Officer of the applicable Loan Party and a duly authorized officer of each other Person party thereto.

  (b)	Officer’s Certificate.  The Administrative Agent shall have received an officer’s certificate, in form and substance acceptable to the Administrative Agent, dated the Closing Date, certifying as to (i) the Organization Documents of each Loan Party (which, to the extent filed with a Governmental Authority, shall be certified as of a recent date by such Governmental Authority), (ii) the resolutions of the governing body of each Loan Party, (iii) the good standing, existence or its equivalent of each Loan Party (other than Smart Electronics) and (iv) of the incumbency (including specimen signatures) of the Responsible Officers of each Loan Party.

  (c)	Legal Opinions of Counsel.  The Administrative Agent shall have received an opinion or opinions (including local counsel opinions) of counsel for the Loan Parties, dated the 

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  Closing Date and addressed to the Administrative Agent and the Lenders, in form and substance acceptable to the Administrative Agent.

  (d)	Financial Statements and Forecasts.  The Administrative Agent and the Lenders shall have received copies of (i) (x) the financial statements referred to in Section 5.05 and (y) the audited Consolidated balance sheet of the Company and its Subsidiaries for the fiscal year ended December 31, 2020 (and the related Consolidated statements of income or operations, shareholders’ equity and cash flows for such fiscal year of the Company and its Subsidiaries, including the notes thereto), each in form and substance satisfactory to each of them and (ii) forecasts prepared by management of the Company, including forecasted balance sheets and statements of income or operations and cash flows of the Company and its Restricted Subsidiaries, on an annual basis through and including the fiscal year ending December 31, 2025.

  (e)	Personal Property Collateral.  The Administrative Agent shall have received, in form and substance satisfactory to the Administrative Agent:

  (i)	(A) searches of UCC filings in the jurisdiction of incorporation or formation, as applicable, of each Loan Party and each jurisdiction where a filing would need to be made in order to perfect the Administrative Agent’s security interest in the Collateral, copies of the financing statements on file in such jurisdictions and evidence that no Liens exist other than Permitted Liens and (B) tax lien, judgment and bankruptcy searches;

  (ii)	searches of ownership of Intellectual Property in the appropriate governmental offices and such patent/trademark/copyright filings as requested by the Administrative Agent in order to perfect the Administrative Agent’s security interest in the Intellectual Property;

  (iii)	completed UCC financing statements for each appropriate jurisdiction as is necessary, in the Administrative Agent’s sole discretion, to perfect the Administrative Agent’s security interest in the Collateral;

  (iv)	stock or membership certificates, if any, evidencing the Pledged Equity and undated stock or transfer powers duly executed in blank; in each case to the extent such Pledged Equity is certificated; and

  (v)	to the extent required to be delivered, filed, registered or recorded pursuant to the terms  and conditions of the Collateral Documents, all instruments, documents and chattel paper in the possession of any of the Loan Parties, together with allonges or assignments as may be necessary or appropriate to create and perfect the Administrative Agent’s and the Lenders’ security interest in the Collateral.

  (f)	Liability, Casualty, Property, Terrorism and Business Interruption Insurance.  The Administrative Agent shall have received copies of insurance policies, declaration pages, certificates, and endorsements of insurance or insurance binders evidencing liability, casualty, property, terrorism and business interruption insurance meeting the requirements set forth herein or in the Collateral Documents or as required by the Administrative Agent.  The Loan Parties shall have delivered to the Administrative Agent an Authorization to Share Insurance Information.

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  (g)	Solvency Certificate.  The Administrative Agent shall have received a solvency certificate, in form and substance satisfactory to the Administrative Agent, signed by a Responsible Officer of the Company as to the financial condition, solvency and related matters of the Loan Parties and their respective Restricted Subsidiaries, after giving effect to the initial borrowings under the Loan Documents and the other transactions contemplated hereby.

  (h)	Perfection Certificate.  The Administrative Agent shall have received a perfection certificate with respect to the Company and the other Loan Parties signed by a Responsible Officer of the Company and in form and substance satisfactory to the Administrative Agent.

  (i)	Loan Notice.  The Administrative Agent shall have received a Loan Notice with respect to the Loans, if any, to be made on the Closing Date.

  (j)	Material Adverse Effect.  Since December 31, 2020, there has been no event or condition, either individually or in the aggregate, that has had or could reasonably be expected to have a Material Adverse Effect. 

  (k)	No Litigation.  As of the Closing Date, there shall be no actions, suits, proceedings, claims or disputes pending or, to the knowledge of the Loan Parties after due and diligent investigation, threatened or contemplated, at law, in equity, in arbitration or before any Governmental Authority, by or against the Company or any of its Restricted Subsidiaries or against any of their properties or revenues that (a) purport to affect or pertain to this Agreement or any other Loan Document or any of the transactions contemplated hereby, or (b) either individually or in the aggregate could reasonably be expected to have a Material Adverse Effect.

  (l)	Consents.  The Administrative Agent shall have received evidence that all members, boards of directors, governmental, shareholder and material third party consents and approvals necessary in connection with the entering into of this Agreement have been obtained.

  (m)	Payments to Lenders.  (i) Each Exiting Lender shall have received, or concurrently with the Closing Date shall receive, payment in full in cash of its Applicable Percentage (as defined in the Existing Credit Agreement) of all outstanding Existing Loans and all other Obligations (as defined in the Existing Credit Agreement) under the Existing Credit Agreement (collectively, the “Existing Obligations”) due and payable to such Exiting Lender, (ii) without duplication of clause (i) above, each other Lender shall have received, or concurrently with the Closing Date shall receive, payment in full in cash of all accrued but unpaid interest and fees under the Existing Credit Agreement owing to such Lender as of the Closing Date, (iii) each Person that owes amounts due as contemplated by Section 10.24(b) shall have paid, or concurrently with the Closing Date shall pay, such amounts owing by it, and (iv) without duplication of clause (i) above, each Person to whom amounts are due as contemplated in Section 10.24(b) shall have received, or concurrently with the Closing Date shall receive, such amounts due to it.

  (n)	Fees and Expenses.  The Administrative Agent and the Lenders shall have received all fees and expenses, if any, owing pursuant to the Fee Letter and Section 2.09.

  (o)	Legal Expenses.  The Company shall have paid all reasonable fees, charges and disbursements of counsel to the Administrative Agent (directly to such counsel if requested by the Administrative Agent) to the extent invoiced in a reasonably detailed statement and received by 

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  the Company at least two (2) Business Days prior to the Closing Date, plus such additional amounts of such fees, charges and disbursements as shall constitute its reasonable estimate of such reasonable fees, charges and disbursements incurred or to be incurred by it through the closing proceedings (provided that such estimate shall not thereafter preclude a final settling of accounts between the Company and the Administrative Agent).

  (p)	KYC Information.  

  (i)	Upon the reasonable request of any Lender made at least ten (10) days prior to the Closing Date, the Company shall have provided to such Lender, and such Lender shall be reasonably satisfied with, the documentation and other information so requested in connection with applicable “know your customer” and anti-money-laundering rules and regulations, including, without limitation, the PATRIOT Act, in each case at least five (5) days prior to the Closing Date.  

  (ii)	At least five (5) days prior to the Closing Date, any Borrower that qualifies as a “legal entity customer” under the Beneficial Ownership Regulation shall deliver, to each Lender that so requests, a Beneficial Ownership Certification in relation to such Borrower.

  (q)	Due Diligence.  The Lenders shall have completed a due diligence investigation of the Company and its Subsidiaries in scope, and with results, satisfactory to the Lenders.

  (r)	Other Documents.  All other documents provided for herein or which the Administrative Agent or any other Lender may reasonably request or require.

  (s)	Additional Information.  Such additional information and materials which the Administrative Agent and/or any Lender shall reasonably request or require.

  Without limiting the generality of the provisions of the last paragraph of Section 9.03, for purposes of determining compliance with the conditions specified in this Section, each Lender that has signed this Agreement shall be deemed to have consented to, approved or accepted or to be satisfied with, each document or other matter required thereunder to be consented to or approved by or acceptable or satisfactory to a Lender unless the Administrative Agent shall have received notice from such Lender prior to the proposed Closing Date specifying its objection thereto.

  4.02	Conditions to all Credit Extensions.

  The obligation of each Lender and each L/C Issuer to honor any Request for Credit Extension (other than a Loan Notice requesting only a conversion of Loans to the other Type, or a continuation of Eurodollar Rate Loans or Alternative Currency Term Rate Loans) is subject to the following conditions precedent:

  (a)	Representations and Warranties. The representations and warranties of the Company and each other Loan Party contained in Article II, Article V or any other Loan Document, or which are contained in any document furnished at any time under or in connection herewith or therewith, shall (i) with respect to representations and warranties that contain a materiality qualification, be true and correct on and as of the date of such Credit Extension and (ii) with respect to representations and warranties that do not contain a materiality qualification, be 

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  true and correct in all material respects on and as of the date of such Credit Extension, and except that for purposes of this Section 4.02, the representations and warranties contained in Sections 5.05(a) and (b) shall be deemed to refer to the most recent statements furnished pursuant to Sections 6.01(a) and (b), respectively.

  (b)	Default. No Default shall exist, or would result from such proposed Credit Extension or from the application of the proceeds thereof.

  (c)	Request for Credit Extension. The Administrative Agent and, if applicable, the applicable L/C Issuer or the Swingline Lender shall have received a Request for Credit Extension in accordance with the requirements hereof.  

  (d)	Designated Borrower.  If the applicable Borrower is a Designated Borrower, then the conditions of Section 2.16 to the designation of such Borrower as a Designated Borrower shall have been met to the satisfaction of the Administrative Agent.

  (e)	Alternative Currency. In the case of a Credit Extension to be denominated in an Alternative Currency, such currency remains an Eligible Currency.

  (f)	Each Request for Credit Extension (other than a Loan Notice requesting only a conversion of Loans to the other Type or a continuation of Eurodollar Rate Loans or Alternative Currency Term Rate Loans) submitted by the Borrowers shall be deemed to be a representation and warranty that the conditions specified in Sections 4.02(a) and (b) have been satisfied on and as of the date of the applicable Credit Extension.

  ARTICLE V
REPRESENTATIONS AND WARRANTIES

  Each Borrower represents and warrants to the Administrative Agent and the Lenders, as of the date made or deemed made, that: 

  5.01	Existence, Qualification and Power.

  Each of the Borrowers and each of its Restricted Subsidiaries (a) is duly organized or formed, validly existing and, as applicable, in good standing under the Laws of the jurisdiction of its incorporation or organization, (b) has all requisite power and authority and all requisite governmental licenses, authorizations, consents and approvals to (i) own or lease its assets and carry on its business and (ii) execute, deliver and perform its obligations under the Loan Documents to which it is a party, and (c) is duly qualified and is licensed and, as applicable, in good standing under the Laws of each jurisdiction where its ownership, lease or operation of properties or the conduct of its business requires such qualification or license; except (x) that clause (a) shall not apply to Smart Electronics so long as such Person is dissolved on or before February 28, 2022 (or such later date as the Administrative Agent may agree in its sole discretion) and (y) in each case referred to in clause (b)(i) or (c), to the extent that failure to do so could not reasonably be expected to have a Material Adverse Effect.  The copy of the Organization Documents of each Loan Party provided to the Administrative Agent pursuant to the terms of this Agreement is, as of the Closing Date, a true and correct copy of each such document, each of which is valid and in full force and effect.

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  5.02	Authorization; No Contravention.

  The execution, delivery and performance by each Loan Party of each Loan Document to which such Person is or is to be a party have been duly authorized by all necessary corporate or other organizational action, and do not and will not (a) contravene the terms of any of such Person’s Organization Documents; (b) result in any breach or contravention of, or the creation of any Lien (other than Liens created under the Loan Documents) under, or require any payment to be made under (i) any Material Indebtedness to which such Person is a party or affecting such Person or the properties of such Person or any of its Restricted Subsidiaries or (ii) any order, injunction, writ or decree of any Governmental Authority or any arbitral award to which such Person or its property is subject; or (c) violate any Law, except in each case referred to in clause (b)(ii) or (c), to the extent that failure to do so could not reasonably be expected to have a Material Adverse Effect.

  5.03	Governmental Authorization; Other Consents.

  No approval, consent, exemption, authorization, or other action by, or notice to, or filing with, any Governmental Authority or any other Person is necessary or required in connection with (a) the execution, delivery or performance by, or enforcement against, any Loan Party of this Agreement or any other Loan Document, (b) the grant by any Loan Party of the Liens granted by it pursuant to the Collateral Documents, (c) the perfection or maintenance of the Liens created under the Collateral Documents (including the first priority nature thereof) or (d) the exercise by the Administrative Agent or any Lender of its rights under the Loan Documents or the remedies in respect of the Collateral pursuant to the Collateral Documents, other than (i) authorizations, approvals, actions, notices and filings which have been duly obtained, (ii) filings to perfect the Liens created by the Collateral Documents and (iii) those the failure to obtain or make which, individually or in the aggregate, could not reasonably be expected to result in a Material Adverse Effect.

  5.04	Binding Effect.

  This Agreement has been, and each other Loan Document, when delivered hereunder, will have been, duly executed and delivered by each Loan Party that is party thereto.  This Agreement constitutes, and each other Loan Document when so delivered will constitute, a legal, valid and binding obligation of such Loan Party, enforceable against each Loan Party that is party thereto in accordance with its terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium or other laws affecting creditors’ rights generally and subject to general principals of equity.

  5.05	Financial Statements; No Material Adverse Effect.

  (a)	Audited Financial Statements.  The Audited Financial Statements (i) were prepared in accordance with GAAP consistently applied throughout the period covered thereby, except as otherwise expressly noted therein; (ii) fairly present, in all material respects, the financial condition of the Company and its Subsidiaries as of the date thereof and their results of operations, cash flows and changes in shareholder’s equity for the period covered thereby in accordance with GAAP consistently applied throughout the period covered thereby, except as otherwise expressly noted therein; and (iii) show all material indebtedness and other liabilities, direct or contingent, of 

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  the Company and its Subsidiaries as of the date thereof, including liabilities for taxes, material commitments and Indebtedness required to be disclosed in accordance with GAAP.

  (b)	Quarterly Financial Statements.  The unaudited Consolidated balance sheet of the Company and its Subsidiaries dated September 30, 2021, and the related Consolidated  statements of income or operations, shareholders’ equity and cash flows for the fiscal quarter ended on that date (i) were prepared in accordance with GAAP consistently applied throughout the period covered thereby, except as otherwise expressly noted therein, and (ii) fairly present, in all material respects, the financial condition of the Company and its Subsidiaries as of the date thereof and their results of operations, cash flows and changes in shareholders’ equity for the period covered thereby, subject, in the case of clauses (i) and (ii), to the absence of footnotes and to normal year-end audit adjustments.

  (c)	Material Adverse Effect.  Since the date of the balance sheet included in the Audited Financial Statements, there has been no event or circumstance, either individually or in the aggregate, that has had or could reasonably be expected to have a Material Adverse Effect.

  (d)	Forecasted Financials.  The Consolidated forecasted balance sheet, statements of income and cash flows of the Company and its Subsidiaries delivered pursuant to Section 4.01 or Section 6.01 were prepared in good faith on the basis of the assumptions stated therein, which assumptions were fair in light of the conditions existing at the time of delivery of such forecasts, and represented, at the time of delivery, the Company’s reasonable estimate of its future financial condition and performance. 

  5.06	Litigation.

  There are no actions, suits, proceedings, claims or disputes pending or, to the knowledge of any Borrower, threatened, at law, in equity, in arbitration or before any Governmental Authority, by or against such Borrower or any of its Restricted Subsidiaries or against any of their properties or revenues that (a) purport to affect or pertain to this Agreement or any other Loan Document or any of the transactions contemplated hereby, or (b) either individually or in the aggregate could reasonably be expected to have a Material Adverse Effect.

  5.07	No Default.

  Neither any Borrower nor any Restricted Subsidiary thereof is in default under or with respect to, or a party to, any Material Contract or Material Indebtedness that could, either individually or in the aggregate, reasonably be expected to have a Material Adverse Effect.  No Default has occurred and is continuing or would result from the consummation of the transactions contemplated by this Agreement or any other Loan Document.

  5.08	Ownership of Property.

  Each Borrower and each of its Restricted Subsidiaries has good record and marketable title in fee simple to, or valid leasehold interests in, all real property necessary or used in the ordinary conduct of its business, except for such defects in title as could not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect.

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  5.09	Environmental Compliance.  

  (a)	Each Borrower’s and its respective Restricted Subsidiaries conduct in the ordinary course of business a review of the effect of existing Environmental Laws and claims alleging potential liability or responsibility for violation of any Environmental Law on their respective businesses, operations and properties, and as a result thereof the Borrowers have reasonably concluded that such Environmental Laws and claims could not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect.

  (b)	Except as could not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect, (i) neither any Borrower nor any of its Restricted Subsidiaries is undertaking, and has not completed, either individually or together with other potentially responsible parties, any investigation or assessment or remedial or response action relating to any actual or threatened release, discharge or disposal of Hazardous Materials at any site, location or operation, either voluntarily or pursuant to the order of any Governmental Authority or the requirements of any Environmental Law; and (ii) all Hazardous Materials generated, used, treated, handled or stored at, or transported to or from, any property currently or formerly owned or operated by any Borrower or any of its Restricted Subsidiaries have been disposed of in a manner not reasonably expected to result in liability to any Borrower or any of its Restricted Subsidiaries.

  5.10	Insurance.

  The properties of the Borrowers and their Restricted Subsidiaries are insured with financially sound and reputable insurance companies not Affiliates of the Company, in such amounts with such deductibles and covering such risks as are customarily carried by companies engaged in similar businesses and owning similar properties in localities where the applicable Borrower or the applicable Restricted Subsidiary operates.  The general liability, casualty, property, terrorism and business interruption insurance coverage of the Borrowers and their Restricted Subsidiaries as in effect on the Closing Date is outlined as to carrier, policy number, expiration date, type, amount and deductibles on Schedule 5.10 and such insurance coverage complies with the requirements set forth in this Agreement and the other Loan Documents.

  5.11	Taxes.

  Each Borrower and its Restricted Subsidiaries have filed all federal, state and other tax returns and reports required to be filed, and have paid all federal, state and other Taxes, assessments, fees and other governmental charges levied or imposed upon them or their properties, income or assets otherwise due and payable, except (a) those which are being contested in good faith by appropriate proceedings diligently conducted and for which adequate reserves have been provided in accordance with GAAP or (b) to the extent the failure to do so could not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect.  There is no proposed tax assessment against any Borrower or any Restricted Subsidiary that would, if made, have a Material Adverse Effect, nor is there any tax sharing agreement applicable to the Company or any Restricted Subsidiary other than as set forth on Schedule 5.11.  

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  5.12	ERISA Compliance.

  No ERISA Event has occurred or is reasonably expected to occur that, when taken together with all other such ERISA Events for which liability is reasonably expected to occur, could reasonably be expected to result in a Material Adverse Effect.  The present value of all accumulated benefit obligations under each Plan (based on the assumptions used for purposes of Accounting Standards Codification No. 715) did not, as of the date of the most recent financial statements reflecting such amounts, exceed by more than $10,000,000 the fair market value of the assets of such Plan, and the present value of all accumulated benefit obligations of all underfunded Plans (based on the assumptions used for purposes of Accounting Standards Codification No. 715) did not, as of the date of the most recent financial statements reflecting such amounts, exceed by more than $25,000,000 the fair market value of the assets of all such underfunded Plans.

  5.13	Margin Regulations; Investment Company Act.

  (a)	Margin Regulations.  No Borrower is engaged nor will engage, principally or as one of its important activities, in the business of purchasing or carrying margin stock (within the meaning of Regulation U issued by the FRB), or extending credit for the purpose of purchasing or carrying margin stock.  Following the application of the proceeds of each Borrowing or drawing under each Letter of Credit, not more than twenty-five percent (25%) of the value of the assets (either of a Borrower only or of such Borrower and its Restricted Subsidiaries on a Consolidated basis) subject to the provisions of Section 7.01 or Section 7.05 or subject to any restriction contained in any agreement or instrument between any Borrower and any Lender or any Affiliate of any Lender relating to Indebtedness and within the scope of Section 8.01(e) will be margin stock.

  (b)	Investment Company Act.  None of the Company, any Person Controlling the Company, or any Restricted Subsidiary is or is required to be registered as an “investment company” under the Investment Company Act of 1940.

  5.14	Disclosure.

  Each Borrower has disclosed to the Administrative Agent and the Lenders all agreements, instruments and corporate or other restrictions to which it or any of its Subsidiaries or any other Loan Party is subject, and all other matters known to it, that, individually or in the aggregate, could reasonably be expected to result in a Material Adverse Effect.  No report, financial statement, certificate or other information furnished (whether in writing or orally) (other than projections, financial estimates, forecasts and other forward-looking information, and other information of a general economic or industry specific nature) by or on behalf of any Borrower or any of its Subsidiaries to the Administrative Agent or any Lender in connection with the transactions contemplated hereby and the negotiation of this Agreement or delivered hereunder or under any other Loan Document (in each case as modified or supplemented by other information so furnished) contains any material misstatement of fact or omits to state any material fact necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading; provided that, with respect to projected financial information, the Borrowers represent only that such information was prepared in good faith based upon assumptions believed to be reasonable at the time.

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  5.15	Compliance with Laws.

  Each Borrower and each Restricted Subsidiary thereof is in compliance with the requirements of all Laws and all orders, writs, injunctions and decrees applicable to it or to its properties, except in such instances in which (a) such requirement of Law or order, writ, injunction or decree is being contested in good faith by appropriate proceedings diligently conducted or (b) the failure to comply therewith, either individually or in the aggregate, could not reasonably be expected to have a Material Adverse Effect.

  5.16	Solvency.

  Each Loan Party is, together with its Subsidiaries on a Consolidated basis, Solvent. 

  5.17	Sanctions Concerns and Anti-Corruption Laws.

  (a)	Sanctions Concerns. No Borrower, nor any Subsidiary, nor, to the knowledge of the Borrowers and their Subsidiaries, any director, officer, employee, agent, affiliate or representative thereof, is an individual or entity that is, or is owned or controlled by any individual or entity that is (i) currently the subject or target of any Sanctions, (ii) included on OFAC’s List of Specially Designated Nationals, HMT’s Consolidated List of Financial Sanctions Targets and the Investment Ban List, or any similar list enforced by any other relevant sanctions authority or (iii) located, organized or resident in a Designated Jurisdiction.

  (b)	Anti-Corruption Laws.  The Borrowers, their Subsidiaries, and to the knowledge of the Company, their respective directors, officers, employees and agents have conducted their business in compliance with the United States Foreign Corrupt Practices Act of 1977, the UK Bribery Act 2010 and other similar anti-corruption legislation in other jurisdictions, and the Borrower and their Subsidiaries have instituted and maintained policies and procedures designed to promote and achieve compliance with such laws.

  5.18	Subsidiaries; Equity Interests; Loan Parties.

  (a)	Subsidiaries, Joint Ventures, Partnerships and Equity Investments.  Set forth on Schedule 5.18(a), is the following information which is true and complete in all respects as of the Closing Date and as of the last date such Schedule was required to be updated in accordance with Sections 6.02, 6.13 and 6.14:  (i) a complete and accurate list of all Subsidiaries (and identifies each Subsidiary that is a Domestic Subsidiary, each that is a Material Subsidiary, each that is a Foreign Subsidiary, and each that is an Unrestricted Subsidiary), joint ventures and partnerships and other equity investments of the Loan Parties as of the Closing Date and as of the last date such Schedule was required to be updated in accordance with Sections 6.02, 6.13 and 6.14, (ii) the number of shares of each class of Equity Interests in each Subsidiary outstanding, (iii) the number and percentage of outstanding shares of each class of Equity Interests owned by the Loan Parties and their Subsidiaries and (iv) the class or nature of such Equity Interests (i.e. voting, non-voting, preferred, etc.).  The outstanding Equity Interests in all Subsidiaries are validly issued, fully paid and non-assessable and are owned free and clear of all Liens.  There are no outstanding subscriptions, options, warrants, calls, rights or other agreements or commitments (other than stock options granted to employees or directors and directors’ qualifying shares) of any nature relating to the Equity Interests of any Loan Party or any Subsidiary thereof, except as contemplated in 

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  connection with the Loan Documents.  As of the Closing Date, no Subsidiary is an Unrestricted Subsidiary. 

  (b)	Loan Parties.  Set forth on Schedule 5.18(b) is a complete and accurate list of all Loan Parties, showing as of the Closing Date, or as of the last date such Schedule was required to be updated in accordance with Sections 6.02, 6.13 and 6.14, (as to each Loan Party) (i) the exact legal name, (ii) any former legal names of such Loan Party in the four (4) months prior to the Closing Date, (iii) the jurisdiction of its incorporation or organization, as applicable, (iv) the type of organization, (v) the address of its chief executive office, (vi) the address of its principal place of business, (vii) its U.S. federal taxpayer identification number, and (viii) the organization identification number. 

  5.19	Collateral Representations.

  (a)	Collateral Documents.  Prior to the occurrence of an Investment Grade Date (and after a Collateral Trigger Event, as applicable), the provisions of the Collateral Documents are effective to create in favor of the Administrative Agent for the benefit of the Secured Parties a legal, valid and enforceable first priority Lien (subject to Permitted Liens) on all right, title and interest of the respective Loan Parties in the Collateral described therein.  Except for filings completed prior to the Closing Date and as contemplated hereby and by the Collateral Documents, no filing or other action will be necessary to perfect or protect such Liens.

  (b)	Intellectual Property.  Set forth on Schedule 5.19(b), as of the Closing Date and as of the last date such Schedule was required to be updated in accordance with Sections 6.02, 6.13 and 6.14, is a list of all registered or issued Intellectual Property (including all applications for registration and issuance) owned by each of the Loan Parties or that each of the Loan Parties has the right to (including the name/title, current owner, registration or application number, and registration or application date and such other information as reasonably requested by the Administrative Agent).  

  (c)	Commercial Tort Claims.  Set forth on Schedule 5.19(c), as of the Closing Date and as of the last date such Schedule was required to be updated in accordance with Sections 6.02, 6.13 and 6.14, is a description of all Commercial Tort Claims of the Loan Parties (detailing such Commercial Tort Claim in such detail as reasonably requested by the Administrative Agent). 

  (d)	Pledged Equity Interests.  Set forth on Schedule 5.19(d), as of the Closing Date and as of the last date such Schedule was required to be updated in accordance with Sections 6.02, 6.13 and 6.14, is a list of (i) all Pledged Equity and (ii) all other Equity Interests required to be pledged to the Administrative Agent pursuant to the Collateral Documents (in each case, detailing the Grantor (as defined in the Security Agreement), the Person whose Equity Interests are pledged, the number of shares of each class of Equity Interests, the certificate number and percentage ownership of outstanding shares of each class of Equity Interests and the class or nature of such Equity Interests (i.e. voting, non-voting, preferred, etc.).

  5.20	Affected Financial Institutions.  

  No Loan Party is an Affected Financial Institution.

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  5.21	Intellectual Property; Licenses, Etc.  

  Each Borrower and each of its Restricted Subsidiaries own, or possess the right to use, all of the trademarks, service marks, trade names, copyrights, patents, patent rights, franchises, licenses and other intellectual property rights that are reasonably necessary for the operation of their respective businesses, without conflict with the rights of any other Person except for those the failure to own or possess the right to use could not reasonably be expected to result in a Material Adverse Effect.  To the best knowledge of the Borrowers, no slogan or other advertising device, product, process, method, substance, part or other material now employed, or now contemplated to be employed, by any Loan Party or any of its Restricted Subsidiaries infringes upon any rights held by any other Person except for such infringements which either individually or in the aggregate, could reasonably be expected to have a Material Adverse Effect.  No claim or litigation regarding any of the foregoing is pending or, to the best knowledge of the Borrowers, threatened, which, either individually or in the aggregate, could reasonably be expected to have a Material Adverse Effect.

  5.22	Labor Matters.  

  As of the Closing Date, there are no strikes, lockouts or slowdowns against the Company or any of its Restricted Subsidiaries pending or, to the knowledge of the Company, threatened.  The hours worked by and payments made to employees of the Company and its Restricted Subsidiaries have not been in violation of the Fair Labor Standards Act or any other Requirements of Law dealing with such matters in any manner that could reasonably be expected to have a Material Adverse Effect.  All payments due from the Company or any Restricted Subsidiary, or for which any claim may be made against any of them, 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 the Company and its Restricted Subsidiaries except to the extent non-payment could not reasonably be expected to have a Material Adverse Effect. 

  5.23	Beneficial Ownership Certification.  

  As of the Closing Date, the information included in the Beneficial Ownership Certification, if applicable, is true and correct in all respects.  

  5.24	Smart Electronics.  

  Smart Electronics (a) is not a Material Subsidiary, (b) does not own any material assets or property, and (c) is a dormant, non-operating entity.

  ARTICLE VI
AFFIRMATIVE COVENANTS

  Each of the Borrowers hereby covenants and agrees that on the Closing Date and thereafter until the Facility Termination Date, such Borrower shall, and shall cause each Restricted Subsidiary (and with respect to Section 6.17, each Subsidiary) to (except in the case of (x) the covenants set forth in Sections 6.01, 6.02 and 6.03, in which case, the Company shall):

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  6.01	Financial Statements.

  Deliver to the Administrative Agent and each Lender, in form and detail satisfactory to the Administrative Agent and the Required Lenders:

  (a)	Audited Financial Statements.  As soon as available, but in any event within ninety (90) days after the end of each fiscal year of the Company (commencing with the fiscal year ended December 31, 2021), a Consolidated balance sheet of the Company and its Subsidiaries as at the end of such fiscal year, and the related Consolidated statements of income or operations, changes in shareholders’ equity and cash flows for such fiscal year, setting forth in each case in comparative form the figures for the previous fiscal year, all in reasonable detail and prepared in accordance with GAAP, audited and accompanied by a report of KPMG LLP or other independent certified public accountant of nationally recognized standing reasonably acceptable to the Administrative Agent, which report shall be prepared in accordance with generally accepted auditing standards and shall not be subject to any “going concern” or like qualification or exception or any qualification or exception as to the scope of such audit.

  (b)	Quarterly Financial Statements.  As soon as available, but in any event within forty-five (45) days after the end of each of the first three (3) fiscal quarters of each fiscal year of the Company (commencing with the fiscal quarter ended March 31, 2022), a Consolidated balance sheet of the Company and its Subsidiaries as at the end of such fiscal quarter, and the related Consolidated statements of income or operations, changes in shareholders’ equity and cash flows for such fiscal quarter and for the portion of the Company’s fiscal year then ended, setting forth in each case in comparative form the figures for the corresponding fiscal quarter of the previous fiscal year and the corresponding portion of the previous fiscal year, all in reasonable detail and prepared in accordance with GAAP, certified by the chief financial officer, principal accounting officer, treasurer or controller who is a Responsible Officer of the Company as fairly presenting in all material respects the financial condition, results of operations, shareholders’ equity and cash flows of the Company and its Subsidiaries, subject only to normal year-end audit adjustments and the absence of footnotes.

  As to any information contained in materials furnished pursuant to Section 6.02(e), the Company shall not be separately required to furnish such information under Section 6.01(a) or (b) above, but the foregoing shall not be in derogation of the obligation of the Company to furnish the information and materials described in Sections 6.01(a) and (b) above at the times specified therein.

  6.02	Certificates; Other Information.

  Deliver to the Administrative Agent and each Lender, in form and detail satisfactory to the Administrative Agent and the Required Lenders:

  (a)	Compliance Certificate.  Concurrently with the delivery of the financial statements referred to in Sections 6.01(a) and (b) (commencing with the delivery of the financial statements for the fiscal year ended December 31, 2021, (i) a duly completed Compliance Certificate signed by the chief financial officer, principal accounting officer, treasurer or controller who is a Responsible Officer of the Company, and (ii) at any time when any Subsidiary is an Unrestricted 

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  Subsidiary, setting forth in a reasonably detailed schedule, a comparison of the consolidated results under clause (a) or (b) above with the financial condition and results of operations of the Company and its consolidated Restricted Subsidiaries.  Unless the Administrative Agent or a Lender requests executed originals, delivery of the Compliance Certificate may be by electronic communication including fax or email and shall be deemed to be an original and authentic counterpart thereof for all purposes.

  (b)	Updated Schedules.  Concurrently with the delivery of the Compliance Certificate referred to in Section 6.02(a) with respect to the delivery of the annual financial statements referred to in Sections 6.01(a), the following updated Schedules to this Agreement (which may be attached to the Compliance Certificate) to the extent required to make the representation related to such Schedule true and correct as of the date of such Compliance Certificate:  Schedules 5.18(a), 5.18(b), 5.19(b), 5.19(c), and 5.19(d).

  (c)	Changes in Entity Structure.  Within ten (10) days prior to any merger, consolidation, dissolution or other change in entity structure of any Loan Party, provide notice of such change in entity structure to the Administrative Agent.  Provide notice to the Administrative Agent of any change in any Loan Party’s legal name, state of organization, or organizational existence in accordance with Section 7.12(c). 

  (d)	Audit Reports; Management Letters; Recommendations.  Promptly after any request by the Administrative Agent or any Lender, copies of any detailed audit reports, management letters or recommendations submitted to the board of directors (or the audit committee of the board of directors) of any Loan Party by independent accountants in connection with the accounts or books of any Loan Party or any of its Subsidiaries, or any audit of any of them.

  (e)	Annual Reports; Etc.  Promptly after the same are available, copies of each annual report, proxy or financial statement or other report or communication sent to the stockholders of the Company, and copies of all annual, regular, periodic and special reports and registration statements which the Company may file or be required to file with the SEC under Section 13 or 15(d) of the Securities Exchange Act of 1934, or with any national securities exchange, and in any case not otherwise required to be delivered to the Administrative Agent pursuant hereto.

  (f)	Debt Securities Statements and Reports.  Promptly after the furnishing thereof, copies of any material statement or report furnished to any holder of debt securities of the Company or of any of its Restricted Subsidiaries pursuant to the terms of any indenture, loan or credit or similar agreement and not otherwise required to be furnished to the Lenders pursuant to Section 6.01 or any other clause of this Section.

  (g)	SEC Notices.  Promptly, and in any event within five (5) Business Days after receipt thereof by any Company or any Restricted Subsidiary thereof, copies of each notice or other correspondence received from the SEC (or comparable agency in any applicable non-U.S. jurisdiction) concerning any investigation or possible investigation or other inquiry by such agency regarding financial or other operational results of the Company or any Restricted Subsidiary thereof.

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  (h)	Environmental Notice.  Promptly after the assertion or occurrence thereof, notice of any action or proceeding against or of any noncompliance by the Company or any of its Restricted Subsidiaries with any Environmental Law or Environmental Permit that could reasonably be expected to have a Material Adverse Effect.

  (i)	Specified Acquisition.  If the Company elects to have a Specified Acquisition Period apply with respect to a Specified Acquisition, written notice of such election within 30 days of the consummation of the Specified Acquisition. 

  (j)	Additional Information.  Promptly, such additional information regarding the business, financial, legal or corporate affairs of the Company or any Restricted Subsidiary thereof, or compliance with the terms of the Loan Documents, as the Administrative Agent or any Lender may from time to time reasonably request.

  Documents required to be delivered pursuant to Section 6.01(a) or (b) or Section 6.02(e) (to the extent any such documents are included in materials otherwise filed with the SEC) may be delivered electronically and if so delivered, shall be deemed to have been delivered on the date (a) on which the Company posts such documents, or provides a link thereto on the Company’s website on the Internet at the website address listed on Schedule 1.01(a); or (b) on which such documents are posted on the Company’s behalf on an Internet or intranet website, if any, to which each Lender and the Administrative Agent have access (whether a commercial, third-party website or whether sponsored by the Administrative Agent); provided that: (i) the Company shall deliver paper copies of such documents to the Administrative Agent or any Lender upon its request to the Company to deliver such paper copies until a written request to cease delivering paper copies is given by the Administrative Agent or such Lender and (ii) the Company shall notify the Administrative Agent and each Lender (by fax transmission or e-mail transmission) of the posting of any such documents and provide to the Administrative Agent by e-mail electronic versions (i.e., soft copies) of such documents.  The Administrative Agent shall have no obligation to request the delivery of or to maintain paper copies of the documents referred to above, and in any event shall have no responsibility to monitor compliance by the Company with any such request by a Lender for delivery, and each Lender shall be solely responsible for requesting delivery to it or maintaining its copies of such documents.

  The Company hereby acknowledges that (A) the Administrative Agent and/or an Affiliate thereof may, but shall not be obligated to, make available to the Lenders and the L/C Issuers materials and/or information provided by or on behalf of the Company hereunder (collectively, “Borrower Materials”) by posting the Borrower Materials on IntraLinks, Syndtrak, ClearPar or a substantially similar electronic transmission system (the “Platform”) and (B) certain of the Lenders (each, a “Public Lender”) may have personnel who do not wish to receive material non-public information with respect to the Company or its Affiliates, or the respective securities of any of the foregoing, and who may be engaged in investment and other market-related activities with respect to such Persons’ securities.  The Company hereby agrees that it will use commercially reasonable efforts to identify that portion of the Borrower Materials that may be distributed to the Public Lenders and that (1) all such Borrower Materials shall be clearly and conspicuously marked “PUBLIC” which, at a minimum, shall mean that the word “PUBLIC” shall appear prominently on the first page thereof; (2) by marking Borrower Materials “PUBLIC,” the Company shall be deemed to have authorized the Administrative Agent, any Affiliate thereof, each Arranger, each L/C Issuer 

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  and the Lenders to treat such Borrower Materials as not containing any material non-public information (although it may be sensitive and proprietary) with respect to the Company or its securities for purposes of United States federal and state securities laws (provided, however, that to the extent such Borrower Materials constitute Information, they shall be treated as set forth in Section 10.07); (3) all Borrower Materials marked “PUBLIC” are permitted to be made available through a portion of the Platform designated “Public Side Information;” and (4) the Administrative Agent and any Affiliate thereof and each Arranger shall be entitled to treat any Borrower Materials that are not marked “PUBLIC” as being suitable only for posting on a portion of the Platform not designated “Public Side Information”. 

  6.03	Notices.

  Promptly, but in any event within five (5) Business Days, notify the Administrative Agent and each Lender: 

  (a)	of the occurrence of any Default;

  (b)	of any matter that has resulted or could reasonably be expected to result in a Material Adverse Effect, including (i) breach or non-performance of, or any default under, a Contractual Obligation of the Company or any Restricted Subsidiary; (ii) any dispute, litigation, investigation, proceeding or suspension between the Company or any Restricted Subsidiary and any Governmental Authority; or (iii) the commencement of, or any material development in, any litigation or proceeding affecting the Company or any Restricted Subsidiary, including pursuant to any applicable Environmental Laws;

  (c)	the occurrence of any Investment Grade Date;

  (d)	of the occurrence of any Collateral Trigger Event;

  (e)	of 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 the Company and its Restricted Subsidiaries in an aggregate amount exceeding $25,000,000 (inclusive of fees and penalties); 

  (f)	of any material change in accounting policies or financial reporting practices by the Company or any Restricted Subsidiary thereof except as required by GAAP; and

  (g)	after receipt thereof by the Company or any Restricted Subsidiary thereof, copies of all notices, requests and other documents (including amendments, waivers and other modifications) so received under or pursuant to any instrument, indenture, loan or credit or similar agreement with respect to any Material indebtedness regarding or related to any breach or default by any party thereto or any other event that could have a Material Adverse Effect.

  Each notice pursuant to this Section 6.03 shall be accompanied by a statement of a Responsible Officer of the Company setting forth details of the occurrence referred to therein and to the extent applicable, stating what action the Company has taken and proposes to take with respect thereto.  Each notice pursuant to Section 6.03(a) shall describe with particularity any and all provisions of this Agreement and any other Loan Document that have been breached.

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  6.04	Payment of Obligations.

  Pay its Indebtedness and other obligations, including Tax liabilities, 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 Company or such Restricted Subsidiary has set aside on its books adequate reserves with respect thereto in accordance with GAAP, (c) such contest effectively suspends collection of the contested obligation and enforcement of any Lien securing such obligation and (d) the failure to make payment pending such contest could not, individually or in the aggregate, reasonably be expected to result in a Material Adverse Effect. 

  6.05	Preservation of Existence, Etc.

  (a)	Preserve, renew and maintain in full force and effect its legal existence and good standing under the Laws of the jurisdiction of its organization except in a transaction permitted by Section 7.04 or 7.05;

  (b)	take all reasonable action to maintain all rights, privileges, permits, licenses and franchises necessary in the normal conduct of its business, except to the extent that failure to do so could not reasonably be expected to have a Material Adverse Effect; and

  (c)	preserve or renew all of its registered patents, trademarks, trade names and service marks, the non-preservation of which could reasonably be expected to have a Material Adverse Effect.

  6.06	Maintenance of Properties.

  (a)	Maintain, preserve and protect all of its material properties and equipment necessary in the operation of its business in good working order and condition, ordinary wear and tear excepted and make all necessary repairs thereto and renewals and replacements thereof, except where the failure to do so could not reasonably be expected to have a Material Adverse Effect; and 

  (b)	with respect to Intellectual Property which is material to the business of the Company and its Restricted Subsidiaries, maintain, renew, prosecute, enforce and defend such Intellectual Property, except where the failure to do so could not reasonably be expected to have a Material Adverse Effect.

  6.07	Maintenance of Insurance.

  (a)	Maintenance of Insurance.  Maintain with financially sound and reputable insurance companies not Affiliates of the Company, insurance with respect to its properties and business against loss or damage of the kinds customarily insured against by Persons engaged in the same or similar business, of such types and in such amounts as are customarily carried under similar circumstances by such other Persons, including, without limitation, terrorism insurance.

  (b)	Evidence of Insurance.  Cause the Administrative Agent to be named as lenders’ loss payable, loss payee or mortgagee, as its interest may appear, and/or additional insured with respect of any such insurance providing liability coverage or coverage in respect of any Collateral, and cause, unless otherwise agreed to by the Administrative Agent, each provider of any such 

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  insurance to agree, by endorsement upon the policy or policies issued by it or by independent instruments furnished to the Administrative Agent that it will give the Administrative Agent 30 days prior written notice before any such policy or policies shall be altered or cancelled (or ten (10) days prior notice in the case of cancellation due to the nonpayment of premiums).  Annually, upon expiration of current insurance coverage, the Loan Parties shall provide, or cause to be provided, to the Administrative Agent, such evidence of insurance as required by the Administrative Agent, including, but not limited to: (i) certified copies of such insurance policies, (ii) evidence of such insurance policies (including, without limitation and as applicable, ACORD Form 28 certificates (or similar form of insurance certificate), and ACORD Form 25 certificates (or similar form of insurance certificate)), (iii) declaration pages for each insurance policy and (iv) lender’s loss payable endorsement if the Administrative Agent for the benefit of the Secured Parties is not on the declarations page for such policy.  As requested by the Administrative Agent, the Loan Parties agree to deliver to the Administrative Agent an Authorization to Share Insurance Information.

  6.08	Compliance with Laws.

  Comply with the requirements of all Laws and all orders, writs, injunctions and decrees applicable to it or to its business or property, except in such instances in which (a) such requirement of Law or order, writ, injunction or decree is being contested in good faith by appropriate proceedings diligently conducted; or (b) the failure to comply therewith could not reasonably be expected to have a Material Adverse Effect.

  6.09	Books and Records.  

  Maintain proper books of record and account, in which full, true and correct entries in conformity with GAAP consistently applied shall be made of all financial transactions and matters involving the assets and business of such Borrower or such Restricted Subsidiary, as the case may be.

  6.10	Inspection and Audit Rights.

  Permit representatives and independent contractors of the Administrative Agent and each Lender to visit and inspect any of its properties, to examine its corporate, financial and operating records, and make copies thereof or abstracts therefrom, and to discuss its affairs, finances and accounts with its directors, officers, and independent public accountants, at such reasonable times during normal business hours and as often as may be reasonably desired, upon reasonable advance notice to the Company, all at the expense of the Administrative Agent or such Lender (unless a Default or an Event of Default exists, in which case the expense shall be for the Company as provided below); provided, however, that when a Default or an Event of Default exists the Administrative Agent or any Lender (or any of their respective representatives or independent contractors) may do any of the foregoing at the expense of the Company at any time during normal business hours and without advance notice.

  6.11	Use of Proceeds.

  Use the proceeds of the Credit Extensions (i) to pay amounts with respect to the Transactions, including fees and expenses incurred in connection therewith, and (ii) for other 

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  working capital and other general corporate purposes not in contravention of any Law or of any Loan Document. 

  6.12	Material Contracts.

  Perform and observe all the terms and provisions of each Material Contract to be performed or observed by it, maintain each such Material Contract in full force and effect, enforce each such Material Contract in accordance with its terms, and cause each of its Restricted Subsidiaries to do so, except, in any case, where the failure to do so, either individually or in the aggregate, could not reasonably be expected to have a Material Adverse Effect. 

  6.13	Covenant to Guarantee Obligations.

  The Borrowers will cause each of their Subsidiaries (other than any Excluded Subsidiary) whether newly formed, after acquired or otherwise existing to promptly (and in any event within 30 days after such Subsidiary is formed or acquired or ceases to be an Excluded Subsidiary (or such longer period of time as agreed to by the Administrative Agent in its sole discretion)) become a Guarantor hereunder by executing a guaranty or guaranty supplement in form and substance reasonably satisfactory to the Administrative Agent.  In connection therewith, the Loan Parties shall give notice to the Administrative Agent promptly upon creating a Subsidiary, acquiring the Equity Interests of any other Person, or a Subsidiary ceasing to be an Excluded Subsidiary.  In connection with the foregoing, the Loan Parties shall deliver to the Administrative Agent, with respect to each new Guarantor to the extent applicable, substantially the same documentation required pursuant to Sections 4.01(b) and (f) and 6.14 and such other documents or agreements as the Administrative Agent may reasonably request, including without limitation, (a) legal opinions relating to the matters described above, which opinions shall be in form and substance, and from counsel, reasonably satisfactory to the Administrative Agent, and (b) updated Schedules 5.18(a), 5.18(b), 5.19(b), 5.19(c), and 5.19(d). 

  6.14	Covenant to Give Security. 

  Prior to the occurrence of an Investment Grade Date (and following any Collateral Trigger Event) (and except with respect to Excluded Property):

  (a)	Equity Interests and Personal Property.  

  (i)	With respect to any property (other than any Excluded Property) acquired after the Closing Date by any Loan Party or any property that ceases to be Excluded Property, promptly (but in any event within 30 days after such acquisition or the date on which such property ceases to be Excluded Property (or such longer period as may be agreed to by the Administrative Agent in its sole discretion)), (A) execute and deliver to the Administrative Agent such amendments or addendums to the Collateral Documents or such other documents as the Administrative Agent reasonably deems necessary to grant to the Administrative Agent, for the benefit of the Secured Parties, a security interest in such property, (B) take all actions necessary to grant to the Administrative Agent, for the benefit of the Secured Parties, a perfected first priority security interest in such property (subject only to applicable Permitted Liens), including without limitation, the filing of UCC financing statements in such jurisdictions as may be required by the Collateral Documents 

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  or by law or as may be reasonably requested by the Administrative Agent, and (C) if requested by the Administrative Agent, deliver to the Administrative Agent legal opinions relating to the matters described above, which opinions shall be in form and substance, and from counsel, reasonably satisfactory to the Administrative Agent.

  (ii)	With respect to any new Subsidiary (other than an Excluded Subsidiary) created or acquired after the Closing Date (which, for the purposes of this paragraph, shall include any existing Subsidiary that ceases to be an Excluded Subsidiary), by any Loan Party, promptly (but in any event within 30 days after such acquisition or the date on which such existing Subsidiary ceases to be an Excluded Subsidiary (or such longer period as may be agreed to by the Administrative Agent in its sole discretion)) (A) execute and deliver to the Administrative Agent such amendments or addendums to the Collateral Documents as the Administrative Agent deems necessary to grant to the Administrative Agent, for the benefit of the Secured Parties, a perfected first priority security interest in the Equity Interests of such new Subsidiary that is directly owned by such Loan Party (subject only to applicable Permitted Liens) (provided that in no event shall (x) voting Equity Interests in any Foreign Subsidiary that is a CFC or any CFC Holdco, in each case, in excess of 65% of all such voting Equity Interests and (y) all Equity Interests in any Domestic Subsidiary or Foreign Subsidiary in each case that is owned by a Foreign Subsidiary that is a CFC, be required to be so pledged), (B) cause such new Subsidiary to become a party to the Collateral Documents, and any other applicable security documents reasonably deemed necessary by the Administrative Agent to grant the Administrative Agent for the benefit of the Lenders and the Secured Parties a security interest in all of such new Subsidiary’s right, title, and interest to the property of such Subsidiary (other than Excluded Property) (C) deliver to the Administrative Agent substantially the same documentation required pursuant to Section 4.01(b), (e), (f), and (h), and (D) if requested by the Administrative Agent, deliver to the Administrative Agent legal opinions relating to the matters described above, which opinions shall be in form and substance, and from counsel, reasonably satisfactory to the Administrative Agent. 

  (b)	Updated Schedules.  Concurrently with the delivery of any Collateral or Collateral Documents pursuant to the terms of this Section, the Borrowers shall provide, or cause the applicable Loan Party to provide, the Administrative Agent with the applicable updated Schedule(s):  5.18(a), 5.18(b), 5.19(c), and 5.19(d).

  (c)	Further Assurances.  At any time prior to the occurrence of an Investment Grade Date or after a Collateral Trigger Event, upon request of the Administrative Agent, promptly execute and deliver any and all further instruments and documents and take all such other action as the Administrative Agent may deem necessary to maintain in favor of the Administrative Agent, for the benefit of the Secured Parties, Liens on the Collateral that are duly perfected in accordance with the requirements of, or the obligations of the Loan Parties under, the Loan Documents and all applicable Laws.

  (d)	Investment Grade Date Release.  If at any time following the Closing Date an Investment Grade Date occurs, so long as no Event of Default then exists, at the Company’s request (the date of such request, the “Collateral Release Date”) the Liens under the Collateral Documents securing the Obligations shall automatically be released without further action by the parties 

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  hereto.  From and after the Collateral Release Date, the Administrative Agent shall promptly, at the Borrowers’ expense, execute, deliver and/or file all such further releases, termination statements, documents, agreements, certificates and instruments and do such further acts as the Company may reasonably require to more effectively evidence or effectuate such release. 

  (e)	Collateral Trigger Date.  If at any time following a Collateral Release Date a Collateral Trigger Event occurs, then within 30 days of such Collateral Trigger Event (or such longer period as may be agreed to by the Administrative Agent in its sole discretion so long as the Loan Parties are pursuing delivery of the relevant items in good faith), with respect to each Loan Party, promptly (A) execute and deliver a security agreement and each other collateral document (in each case in substantially the same form as the Security Agreement and each other Collateral Document in effect immediately prior to such Collateral Release Date granting to the Administrative Agent for the benefit of the Secured Parties a perfected first priority security interest in each Loan Party’s right, title, and interest to the property of such Loan Party (other than Excluded Property)), in each case executed by a Responsible Officer of the Loan Parties and a duly authorized officer of each other Person party thereto, (B) take all such other actions necessary to grant to the Administrative Agent for the benefit of the Secured Parties, a perfected first priority security interest in all of such Loan Party’s right, title, and interest to the property of such Loan Party (other than Excluded Property), (C) deliver to the Administrative Agent substantially the same documentation required pursuant to Section 4.01(b), (e), (f), and (h), and (D) deliver to the Administrative Agent legal opinions relating to the matters described above, which opinions shall be in form and substance, and from counsel, reasonably satisfactory to the Administrative Agent. 

  6.15	Ownership of Subsidiaries. 

  (a)	Ensure that all Equity Interests in Restricted Domestic Subsidiaries are owned directly or indirectly at all times only by the Company or one or more other Domestic Subsidiaries.

  (b)	Ensure that all Equity Interests in Material Subsidiaries that are Restricted Subsidiaries are owned directly or indirectly at all times only by the Company or one or more Guarantors. 

  6.16	Further Assurances.

  Promptly upon request by the Administrative Agent, or any Lender through the Administrative Agent, (a) correct any material defect or error that may be discovered in any Loan Document or in the execution, acknowledgment, filing or recordation thereof, and (b) do, execute, acknowledge, deliver, record, re-record, file, re-file, register and re-register any and all such further acts, deeds, certificates, assurances and other instruments as the Administrative Agent, or any Lender through the Administrative Agent, may reasonably require from time to time in order to (i) carry out more effectively the purposes of the Loan Documents, (ii) prior to the occurrence of an Investment Grade Date (or after a Collateral Trigger Event), to the fullest extent permitted by applicable Law, subject any Loan Party’s or any of its Restricted Subsidiaries’ properties, assets, rights or interests to the Liens now or hereafter intended to be covered by any of the Collateral Documents, (iii) prior to the occurrence of an Investment Grade Date (or after a Collateral Trigger Event), perfect and maintain the validity, effectiveness and priority of any of the Collateral Documents and any of the Liens intended to be created thereunder and (iv) prior to the occurrence 

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  of an Investment Grade Date (or after a Collateral Trigger Event), assure, convey, grant, assign, transfer, preserve, protect and confirm more effectively unto the Secured Parties the rights granted or now or hereafter intended to be granted to the Secured Parties under any Loan Document or under any other instrument executed in connection with any Loan Document to which any Loan Party or any of its Subsidiaries is or is to be a party, and cause each of its Restricted Subsidiaries to do so.

  6.17	Anti-Corruption Laws.

  Conduct its business in compliance with the United States Foreign Corrupt Practices Act of 1977, the UK Bribery Act 2010 and other similar anti-corruption legislation in other jurisdictions and maintain policies and procedures designed to promote and achieve compliance with such laws.

  6.18	KYC and Beneficial Ownership Regulation Documentation.  

  Promptly following any request therefor, provide information and documentation reasonably requested by the Administrative Agent or any Lender for purposes of compliance with applicable “know your customer” and anti-money-laundering rules and regulations, including, without limitation, the PATRIOT Act and the Beneficial Ownership Regulation.

  6.19	Unrestricted Subsidiaries.   (a) Cause the management, business and affairs of each of the Company and its Restricted Subsidiaries to be conducted in such a manner (including by keeping separate books of account and furnishing separate financial statements of Unrestricted Subsidiaries to creditors and potential creditors thereof) so that each Unrestricted Subsidiary (including any Securitization Entity) will be treated as an entity separate and distinct from the Borrower and the Restricted Subsidiaries, and (b) ensure that no Unrestricted Subsidiary owns any material Intellectual Property used in the business of the Company and its Restricted Subsidiaries or any Equity Interests of any Restricted Subsidiary.

  ARTICLE VII
NEGATIVE COVENANTS

  Each of the Borrowers hereby covenants and agrees that on the Closing Date and thereafter until the Facility Termination Date, no Borrower shall, nor shall it permit any Restricted Subsidiary (or, in the case of Sections 7.14 and 7.15, any Subsidiary) to, directly or indirectly:

  7.01	Liens.

  Create, incur, assume or suffer to exist any Lien upon any of its property, assets or revenues, whether now owned or hereafter acquired, except for the following (the “Permitted Liens”):

  (a)	Liens created under the Loan Documents;

  (b)	Permitted Encumbrances; 

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  (c)	any Lien on any property or asset of any Borrower or any Restricted Subsidiary existing on the Closing Date and set forth in Schedule 7.01; provided  that (i) such Lien shall not apply to any other property or asset of the Company or any Restricted Subsidiary (other than improvements, accessions, proceeds, dividends or distributions in respect thereof and assets fixed or appurtenant thereto) and (ii) such Lien shall secure only those obligations which it secures on the Closing Date;

  (d)	any Lien existing on any property or asset prior to the acquisition thereof by any Borrower or any Restricted Subsidiary or existing on any property or asset of any Person that is merged or consolidated with or into any Borrower or any of its Restricted Subsidiaries or becomes a Subsidiary after the Closing Date prior to the time such Person is so merged or consolidated or becomes a Subsidiary; provided  that (i) such Lien is not created in contemplation of or in connection with such acquisition or such Person becoming a Subsidiary, as the case may be, (ii) such Lien shall not apply to any other property or assets of any Borrower or any Restricted Subsidiary (other than improvements, accessions, proceeds, dividends or distributions in respect of such acquired property and assets fixed or appurtenant thereto) and (iii) such Lien shall secure only those obligations which it secures on the date of such acquisition or the date such Person becomes a Restricted Subsidiary, as the case may be;

  (e)	Liens on fixed or capital assets acquired, constructed or improved by any Borrower or any Restricted Subsidiary, including Liens deemed to exist in respect of assets subject to Capital Lease Obligations; provided  that (i) such security interests secure Indebtedness permitted by clause (f) of Section 7.02, (ii) such security interests and the Indebtedness secured thereby are incurred prior to or within 90 days after such acquisition or the completion of such construction or improvement, (iii) the Indebtedness secured thereby does not exceed the cost of acquiring, constructing or improving such fixed or capital assets and (iv) such security interests shall not apply to any other property or assets of the Company or any Restricted Subsidiary (other than improvements, accessions, proceeds, dividends or distributions in respect thereof and assets fixed or appurtenant thereto);

  (f)	Liens securing Intercompany Debt permitted under Section 7.02(d), so long as any such Liens on property or assets of any Loan Party are subordinated to the Liens created under the Loan Documents on the terms provided in Annex I to the Guaranty or other terms acceptable to the Administrative Agent;

  (g)	Extensions, renewals or replacements of any Lien referred to in clauses (c), (d) and (e) of this Section; provided that the principal amount of the Indebtedness or obligations secured thereby is not increased, and that any such extension, renewal or replacement is limited to the assets originally encumbered thereby;

  (h)	Liens on insurance policies and proceeds thereof securing the financing of the premiums with respect thereto;

  (i)	Liens on assets of Foreign Subsidiaries securing Indebtedness permitted under Section 7.02(i);

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  (j)	Liens in favor of a seller solely on any cash earnest money deposits made by any Borrower or any of its Restricted Subsidiaries in connection with any letter of intent or purchase agreement with respect to any Permitted Acquisition;

  (k)	Liens that are contractual or common law rights of set-off relating to (A) the establishment of depository relations in the ordinary course of business with banks not given in connection with the issuance of Indebtedness or (B) pooled deposit or sweep accounts of any Borrower and any Restricted Subsidiary to permit satisfaction of overdraft or similar obligations incurred in the ordinary course of business of the Company and its Restricted Subsidiaries;

  (l)	Liens of a collection bank arising under Section 4-208 or Section 4-210 of the UCC on items in the course of collection;

  (m)	additional Liens incurred by the Company and its Restricted Subsidiaries so long as the value of the property subject to such Liens, and the Indebtedness and other obligations secured thereby do not exceed $15,000,000 at any time; 

  (n)	Liens (x) on deposit accounts established for the purpose of receiving the proceeds of Receivables sold or transferred in connection with a Permitted Receivables Sale Transaction; provided  that any amounts deposited into such accounts that do not represent (i) such proceeds or (ii) amounts deposited into such accounts to establish or maintain a minimum balance shall be transferred out of such accounts by or at the direction of the Company as soon as reasonably practicable but in any event within 15 days from the date of their deposit into such accounts; and (y) on Receivables and Receivables Related Rights subject of a Permitted Receivables Sale Transaction; 

  (o)	Liens deemed to exist on assets of any Borrower or any Restricted Subsidiary subject to a Permitted Sale and Leaseback Transaction; provided that (i) such security interests secure Indebtedness permitted by clause (o) of Section 7.02, (ii) such security interests and the Indebtedness secured thereby are incurred prior to or within 90 days after the closing of such Sale and Leaseback Transaction, (iii) the Indebtedness secured thereby does not exceed the fair market value of such assets, and (iv) such security interests shall not apply to any other property or assets of the Company or any Restricted Subsidiary (other than improvements, accessions, or proceeds in respect thereof and assets fixed or appurtenant thereto); and 

  (p)	Liens on Receivables and Receivables Related Rights or accounts into which solely collections or proceeds thereof are deposited, in each case arising solely in connection with, and subject to, a Permitted Securitization Transaction.

  7.02	Indebtedness.

  Create, incur, assume or suffer to exist any Indebtedness, except:

  (a)	the Obligations (including for the avoidance of doubt any Indebtedness incurred pursuant to the Incremental Revolving Facility and the Incremental Term Facility);

  (b)	Subordinated Debt and extensions, renewals and replacements of any such Indebtedness that do not increase the outstanding principal amount thereof, or result in an earlier 

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  maturity date or decreased weighted average life thereof, or modify the subordination terms applicable thereto in any manner that is less favorable to the Lenders than the terms being modified;

  (c)	Indebtedness existing on the Closing Date and set forth in Schedule 7.02  and extensions, renewals and replacements of any such Indebtedness that do not increase the outstanding principal amount thereof, shorten the maturity or the weighted average life thereof, or change any direct or indirect obligor with respect thereto;

  (d)	Intercompany Debt (to the extent permitted by Section 7.03), so long as any such Indebtedness of a Loan Party is subordinated to the Obligations on the terms set forth in the Guaranty or other terms acceptable to the Administrative Agent;

  (e)	Guarantees by any Borrower or any Restricted Subsidiary of Indebtedness of any Borrower or any Restricted Subsidiary which Indebtedness is permitted under this Section, provided, in no event shall any Borrower or any Restricted Subsidiary guarantee the Indebtedness of any Unrestricted Subsidiary or any Restricted Subsidiary that is not a Loan Party hereunder;

  (f)	Indebtedness of the Company or any Restricted Subsidiary incurred to finance the acquisition, construction or improvement of any fixed or capital assets, including Capital Lease Obligations, and any Indebtedness assumed in connection with the acquisition of any such assets or secured by a Lien on any such assets prior to the acquisition thereof, and extensions, renewals and replacements of any such Indebtedness that do not increase the outstanding principal amount thereof or result in an earlier maturity date or decreased weighted average life thereof; provided  that (i) such Indebtedness is incurred prior to or within 90 days after such acquisition or the completion of such construction or improvement and (ii) the aggregate principal amount of Indebtedness permitted by this clause (f) shall not exceed $125,000,000 at any time outstanding;

  (g)	Indebtedness of any Person that becomes a Domestic Subsidiary that is a Restricted Subsidiary after the Closing Date; provided  that (i) such Indebtedness exists at the time such Person becomes a Domestic Subsidiary and is not created in contemplation of or in connection with such Person becoming a Domestic Subsidiary and (ii) the aggregate principal amount of Indebtedness permitted by this clause (g) shall not exceed thirty percent (30%) of Consolidated EBITDA calculated on a Pro Forma Basis for the most recently ended Measurement Period for which financial statements of the Company have been delivered (or were required to be delivered) as required by this Agreement at the time any such Person becomes a Domestic Subsidiary;

  (h)	unsecured Indebtedness of the Company that (i) has no maturity earlier than twelve months after the Maturity Date hereunder and (ii) does not require any scheduled repayment, defeasance, or redemption (or sinking fund therefor) of any principal amount thereof prior to maturity and (iii) the indenture or other agreement governing such Indebtedness does not contain maintenance financial covenants or other covenants, terms, and conditions which are more restrictive on the Company and its Restricted Subsidiaries, taken as a whole, than the terms and conditions of this Agreement; provided that, after giving effect to the incurrence of such Indebtedness and any substantially concurrent application of the proceeds thereof on a Pro Forma Basis, the Company and its Restricted Subsidiaries shall be in Pro Forma Compliance with each 

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  of the financial covenants contained in Section 7.11 as at the last day of the most recently ended Measurement Period;

  (i)	other secured Indebtedness incurred by Foreign Subsidiaries that are Restricted Subsidiaries for working capital purposes in an aggregate principal amount not exceeding twenty-five percent (25%) of Consolidated EBITDA for the most recently ended Measurement Period at the time any such Indebtedness is incurred;

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

  (k)	(i) Indebtedness of any Borrower or any of its Restricted Subsidiaries in the form of earn-outs, indemnification, incentive, non-compete, consulting or other similar arrangements and other contingent obligations in respect of Acquisitions or any other Investments permitted by Section 7.03 (both before and after any liability associated therewith becomes fixed) and (ii) Indebtedness incurred by any Borrower or any of its Restricted Subsidiaries arising from agreements providing for indemnification related to sales of goods or adjustment of purchase price or similar obligations in any case incurred in connection with the Disposition of any business, assets or Subsidiary;

  (l)	obligations in respect of performance, bid, customs, government, appeal and surety bonds, performance and completion guaranties and similar obligations provided by any Borrower or any of its Restricted Subsidiaries, in each case in the ordinary course of business;

  (m)	Indebtedness owing to any insurance company in connection with the financing of any insurance premiums permitted by such insurance company in the ordinary course of business; 

  (n)	Indebtedness owing in connection with (i) a Permitted Receivables Sale Transaction in the event that any purchase of Receivables thereunder is not characterized as a “true sale” and (ii) a Permitted Securitization Transaction.  

  (o)	Permitted Sale and Leaseback Obligations in an aggregate amount not to exceed $25,000,000 at any time.

  7.03	Investments. 

  Make or hold any Investments, except:

  (a)	Permitted Investments by any Borrower and any Restricted Subsidiary and Permitted Foreign Investments by any Foreign Subsidiary that is a Restricted Subsidiary, to the extent such Permitted Foreign Investments are generated by a Foreign Subsidiary organized in the same jurisdiction of organization of the commercial bank with which such Investment is maintained;

  (b)	Investments existing on the Closing Date and set forth on Schedule 7.03;

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  (c)	Investments existing on the Closing Date in Restricted Subsidiaries;

  (d)	additional Investments in Persons that, immediately prior to such investments, are Restricted Subsidiaries and which, in the case of Investments in Foreign Subsidiaries, consist of capital contributions made to such Foreign Subsidiary for the purpose of capital expenditures and operations in the ordinary course of business;

  (e)	Investments by any Restricted Subsidiary that is not a Loan Party in any other Restricted Subsidiary that is not a Loan Party;

  (f)	Investments consisting of all the issued and outstanding capital stock, or all or substantially all the assets or a division, line of business, or other business unit of Persons engaged in lines of business permitted under Section 7.07; provided  that (i) no Default shall have occurred and be continuing at the time any such Investment is made or would occur as a result thereof, and (ii) immediately after giving effect to such Investment, the Consolidated Net Leverage Ratio on a Pro Forma Basis shall not exceed 3.00 to 1.00; provided, further, that if the Consolidated Net Leverage Ratio on a Pro Forma Basis shall be greater than 2.50 to 1.00 immediately after giving effect to such Investment, such Investment may be paid for with cash consideration only in an amount that, when combined with the aggregate cash consideration for all other Investments made at times when the Consolidated Net Leverage Ratio on a Pro Forma Basis is greater than 2.50 to 1.00 for the most recently ended Measurement Period, does not exceed $100,000,000 in the aggregate over the term of this Agreement (any such Investment described in this clause (e), a “Permitted Acquisition”);

  (g)	Guarantees constituting Indebtedness permitted by Section 7.02; provided  that a Restricted Subsidiary shall not Guarantee any Subordinated Debt;

  (h)	Investments received in connection with the bankruptcy or reorganization of, or settlement of delinquent accounts and disputes with, customers and suppliers, in each case in the ordinary course of business;

  (i)	accounts receivable arising in the ordinary course of business;

  (j)	Investments held by any Restricted Subsidiary at the time it becomes a Subsidiary in a transaction permitted by this Section 7.03;

  (k)	reasonable advances to officers and employees of any Borrower or any Restricted Subsidiary for travel arising in the ordinary course of business;

  (l)	loans to officers and employees of any Borrower or any Restricted Subsidiary, not to exceed $1,500,000 in the aggregate at any one time outstanding;

  (m)	promissory notes and other noncash consideration received by any Borrower and its Restricted Subsidiaries in connection with any asset sale permitted hereunder;

  (n)	advances in the form of prepayments of expenses, so long as such expenses were incurred in the ordinary course of business and are paid in accordance with customary trade terms of any Borrower or any of its Restricted Subsidiaries;

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  (o)	Guarantees by the Company of obligations of Restricted Subsidiaries incurred in the ordinary course of business and not constituting Indebtedness;

  (p)	other Investments made by any Borrower or any Restricted Subsidiary at times when no Default or Event of Default shall have occurred and be continuing or would occur as a result thereof and that, taken together with all other Investments made after the Closing Date under this clause (p) would not exceed the greater of (i) $25,000,000 and (ii) thirty percent (30%) of Consolidated EBITDA for the most recently ended Measurement Period at the time any such Investment is made; and 

  (q)	Investments made by the Company or any Restricted Subsidiary in any Securitization Entity consisting of (i) capital contributions of Receivables and/or Receivables Related Rights to such Securitization Entity and (ii) promissory notes issued by such Securitization Entity payable to the order of the Company or any Restricted Subsidiary representing the noncash portion of the purchase price for such Receivables and/or Receivables Related Rights sold to such Securitization Entity, in each case in connection with a Permitted Securitization Transaction.

  7.04	Fundamental Changes. 

  Merge, dissolve, liquidate, consolidate with or into another Person, or Dispose of (whether in one transaction or in a series of transactions) all or substantially all of its assets (whether now owned or hereafter acquired) to or in favor of any Person, except that, so long as no Default exists or would result therefrom:

  (a)	any Person may merge into the Company in a transaction in which the Company is the surviving Person;

  (b)	any Person may merge with or into any Restricted Subsidiary in a transaction in which the surviving entity is a Restricted Subsidiary; provided  that (A) if any party to such merger is a Loan Party the surviving Person must also be a Loan Party and must succeed to all the obligations of such Loan Party under the Loan Documents or simultaneously with such merger, the continuing or surviving Person shall become a Loan Party and (B) if any party to such merger is a Restricted Subsidiary the surviving Person shall also be a Restricted Subsidiary unless designated as an Unrestricted Subsidiary pursuant to the definition of such term;

  (c)	any Restricted Subsidiary (other than a Loan Party) may liquidate or dissolve if the Company determines in good faith that such liquidation or dissolution is in the best interests of the Company and is not materially disadvantageous to the Lenders; provided that this clause (c) shall not apply to Smart Electronics so long as such Person is dissolved on or before February 28, 2022 (or such later date as the Administrative Agent may agree in its sole discretion); and

  (d)	Dispositions permitted by Section 7.05;

  provided that any such merger involving a Person that is not a Wholly Owned Subsidiary immediately prior to such merger shall not be permitted unless also permitted by Section 7.03.

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  Notwithstanding anything to the contrary in this Section 7.04, no Securitization Entity may be merged or consolidated with or into Company or any of its Restricted Subsidiaries at any time that any related Permitted Securitization Attributed Indebtedness is outstanding. 

  7.05	Dispositions. 

  Make any Disposition or enter into any agreement to make any Disposition, except:

  (a)	(i) sales of inventory, used or surplus equipment, Permitted Investments and Permitted Foreign Investments, (ii) leases or sales of real property, (iii) leases or licenses of personal property, and (iv) sale, transfer, abandonment or other disposition of intellectual property no longer used or useful in the conduct of the business, in each case in the ordinary course of business or as expressly permitted elsewhere in this Agreement;

  (b)	sales, transfers and dispositions to a Borrower or a Restricted Subsidiary; provided any such sales, transfers and dispositions from a Loan Party to a non-Loan Party are in the ordinary course of business at prices and on terms and conditions not less favorable to the Company or such non-Loan Party than could be obtained on an arm’s-length basis from unrelated third parties;

  (c)	sales, transfers and dispositions to any Unrestricted Subsidiary; provided  that such sales, transfers and dispositions are in the ordinary course of business at prices and on terms and conditions not less favorable to the Company or such Unrestricted Subsidiary than could be obtained on an arm’s-length basis from unrelated third parties;

  (d)	sales, transfers and other dispositions of other assets (other than transfers of less than 100% of the Equity Interests in any Subsidiary) for fair market value; provided  that (i) the aggregate proceeds from such sales, transfers and other dispositions during any fiscal year shall not exceed the greater of (A) 10% of Consolidated Net Tangible Assets as of the beginning of such fiscal year and (B) 10% of Consolidated Net Income of the Company and its Restricted Subsidiaries on a consolidated basis for such fiscal year and (ii) not more than 25% of the aggregate proceeds from such sales, transfers and other dispositions shall be received in noncash proceeds during any fiscal year;

  (e)	Dispositions permitted by Section 7.04; 

  (f)	(i) sales, transfers and dispositions of Receivables and Receivables Related Rights pursuant to a Permitted Receivables Sale Transaction and (ii) sales, transfers and dispositions of Receivables and Receivables Related Rights by the Company or any Restricted Subsidiary to a Securitization Entity (and by a Securitization Entity to any other Person) in connection with a Permitted Securitization Transaction; and 

  (g)	sales, transfers and dispositions of real estate and related improvements in connection with a Permitted Sale and Leaseback Transaction for fair market value; provided that (i) aggregate proceeds from such sales, transfers and dispositions shall not exceed $25,000,000 during the term of this Agreement and (ii) not more than 25% of the aggregate proceeds from any such sale, transfer or disposition shall be received in noncash proceeds.

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  To the extent any Collateral is disposed of as expressly permitted by this Section 7.05 to any Person that is not a Loan Party, such Collateral shall be sold free and clear of the Liens created by the Loan Documents, and the Administrative Agent shall be authorized to take any actions deemed appropriate in order to effectuate the foregoing.

  7.06	Restricted Payments; Certain Payments in Respect of Indebtedness.

  (a)	Declare or make, or agree to make, directly or indirectly, any Restricted Payment, or incur any obligation (contingent or otherwise) to do so, except that:

  (i)	Restricted Subsidiaries may declare and pay dividends ratably with respect to their Equity Interests, 

  (ii)	The Company or any Restricted Subsidiary may declare and pay dividends to holders of any class or series of Disqualified Stock of the Company or such Restricted Subsidiary, as applicable, issued or incurred in compliance with Section 7.02 to the extent such dividends are included as Cash Interest Expense in any calculation of the Consolidated Interest Coverage Ratio;

  (iii)	if no Event of Default has occurred and is continuing or would occur as a result thereof, the Company may declare and make any Restricted Payment if after giving effect to such Restricted Payment the Consolidated Net Leverage Ratio on a Pro Forma Basis would not be greater than 2.75 to 1.00;  

  (iv)	if no Event of Default has occurred and is continuing or would occur as a result thereof, the Company may declare and pay dividends with respect to its Equity Interests in any fiscal year in an aggregate amount not to exceed $50,000,000, in each case, if after giving effect to each such Restricted Payment, the Company and its Restricted Subsidiaries would be in Pro Forma Compliance with the then applicable Consolidated Net Leverage Ratio pursuant to Section 7.11; and 

  (b)	Make or agree to make, directly or indirectly, any payment or other distribution (whether in cash, securities or other property) of or in respect of the principal of or interest on any Subordinated Debt or any payment or other distribution (whether in cash, securities or other property), including any sinking fund or similar deposit, on account of the purchase, redemption, retirement, defeasance, cancellation or termination of any Subordinated Debt, except: 

  (i)	scheduled and other mandatory payments of interest and principal in respect of Subordinated Debt; and

  (ii)	if no Event of Default has occurred and is continuing or would occur as a result thereof, the Company or such Restricted Subsidiary may make any payment or other distribution if after giving effect thereto the Consolidated Net Leverage Ratio on a Pro Forma Basis would not be greater than 2.75 to 1.00;

  (c)	provided  that no payment shall be made in respect of Subordinated Debt that is prohibited by the subordination provisions applicable to such Subordinated Debt. 

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  7.07	Change in Nature of Business.

  Engage in any material line of business substantially different from those lines of business conducted by the Company and its Subsidiaries on the date hereof or any business substantially related or incidental thereto.

  7.08	Transactions with Affiliates.

  Enter into or permit to exist any transaction or series of transactions with any officer, director or Affiliate of such Person other than (a) transactions which are entered into in the ordinary course of such Person’s business on fair and reasonable terms and conditions substantially as favorable to such Person as would be obtainable by it in a comparable arm’s length transaction with a Person other than an officer, director or Affiliate, (b) transactions between or among the Company and its Restricted Subsidiaries not involving any other Affiliate, (c) transactions with Securitization Entities in connection with any Permitted Securitization Transactions, and (d) any Restricted Payment permitted by Section 7.06  and any Investment permitted by Section 7.03.   For the avoidance of doubt, this Section 7.08 shall not apply to employment, bonus, retention and severance arrangements with, and payments of compensation or benefits to or for the benefit of, current or former employees, consultants, officers or directors of the Company and the Subsidiaries in the ordinary course of business.  For purposes of this Section 7.03, (x) with respect to any transaction with any Affiliate involving aggregate consideration in excess of $25,000,000, such transaction shall be deemed to have satisfied the standard set forth in clause (a) of this Section 7.08 if the Company delivers to the Administrative Agent a “fairness” opinion from an accounting, appraisal or investment banking firm, in any such case of nationally recognized standing that is in the good faith determination of the Company qualified to render such letter and (y) with respect to any other transaction with any Affiliate, such transaction shall be deemed to have satisfied the standard set forth in clause (a) of this Section 7.08 if such transaction is approved by a majority of the Disinterested Directors of the board of directors of the Company or such Subsidiary, as applicable, in a resolution certifying that such transaction is on terms and conditions not less favorable to the Company or such Subsidiary than could be obtained on an arm’s-length basis from unrelated third parties.  “Disinterested Director” shall mean, with respect to any Person and transaction, a member of the board of directors of such Person who does not have any material direct or indirect financial interest in or with respect to such transaction.

  7.09	Burdensome Agreements.

  Enter into, or permit to exist, any Contractual Obligation (except for this Agreement and the other Loan Documents) that (a) encumbers or restricts the ability of any Borrower or any Restricted Subsidiary to (i) to act as a Loan Party or (ii) create, incur, or permit to exist any Lien on any of its property or assets; or (b) encumbers or restricts the ability of any Restricted Subsidiary to (i) make Restricted Payments, (ii) pay any Indebtedness or other obligation owed to the Company or any Restricted Subsidiary, (iii) make loans or advances to the Company or any Restricted Subsidiary, (iv) to Guarantee Indebtedness of the Company or any Restricted Subsidiary, or (v) sell, lease or transfer any of its property to the Company or any other Restricted Subsidiary; provided that (A) the foregoing shall not apply to restrictions and conditions imposed by law, Permitted Encumbrances, any Subordinated Debt, the documents governing any Indebtedness permitted to be incurred pursuant to Section 7.02(h), or by this Agreement, (B) the 

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  foregoing shall not apply to restrictions and conditions existing on the Closing Date identified on Schedule 7.09  (but shall apply to any extension or renewal of, or any amendment or modification expanding the scope of, any such restriction or condition), (C) the foregoing shall not apply to customary restrictions and conditions contained in agreements relating to the sale of any assets pending such sale, provided  such restrictions and conditions apply only to the assets or Restricted Subsidiary that is to be sold and such sale is permitted hereunder, (D) clause (a) of the foregoing shall not apply to restrictions or conditions imposed by any agreement relating to secured Indebtedness or Permitted Securitization Transactions permitted by this Agreement if such restrictions or conditions apply only to the property or assets securing such Indebtedness or transferred or financed by any such securitization arrangement, (E) clause (a) of the foregoing shall not apply to customary provisions in leases and other contracts restricting the assignment thereof, and (F) the foregoing shall not apply to restrictions and conditions that are binding on a Restricted Subsidiary at the time such Restricted Subsidiary first becomes a Restricted Subsidiary, so long as such restrictions were not entered into in contemplation of or in connection with such Person becoming a Restricted Subsidiary. 

  7.10	Use of Proceeds.

  Use the proceeds of any Credit Extension, whether directly or indirectly, and whether immediately, incidentally or ultimately, to purchase or carry margin stock (within the meaning of Regulation U of the FRB) or to extend credit to others for the purpose of purchasing or carrying margin stock or to refund indebtedness originally incurred for such purpose.

  7.11	Financial Covenants.

  (a)	Consolidated Interest Coverage Ratio.  Permit the Consolidated Interest Coverage Ratio as of the end of any Measurement Period ending as of the end of any fiscal quarter of the Company, commencing with the fiscal quarter ending December 31, 2021, to be less than 3.00 to 1.00. 

  (b)	Consolidated Net Leverage Ratio.  Permit the Consolidated Net Leverage Ratio as of the end of any Measurement Period ending as of the end of any fiscal quarter of the Company, commencing with the fiscal quarter ending December 31, 2021, to be greater than (i) 3.25 to 1.00 except during a Specified Acquisition Period and (ii) 3.75 to 1.00 during a Specified Acquisition Period. 

  7.12	Amendments of Organization Documents; Fiscal Year; Legal Name, State of Formation; Form of Entity and Accounting Changes.

  (a)	Amend any of its Organization Documents in any manner which could reasonably be expected to adversely and materially affect the rights of the Lenders under the Loan Documents or their ability to enforce the same which determination may be made in good faith by the board of directors of the Company, unless such amendment would impose additional consents or other restrictions or limitations on the pledge of, or foreclosure or similar transfer of, the Equity Interests of any Restricted Subsidiary, except as otherwise permitted pursuant to Sections 7.03 or 7.04;

  (b)	change the end of its fiscal year to a date other than December 31;

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  (c)	without providing ten (10) days prior written notice to the Administrative Agent (or such extended period of time as agreed to by the Administrative Agent), change its name, state of formation, or form of organization; or

  (d)	make any change in accounting policies or reporting practices, except as required by GAAP.

  7.13	Sale and Leaseback Transactions.  

  Enter into any Sale and Leaseback Transaction other than a Permitted Sale and Leaseback Transaction. 

  7.14	Sanctions.

  Directly or indirectly, use any Credit Extension or the proceeds of any Credit Extension, or lend, contribute or otherwise make available such Credit Extension or the proceeds of any Credit Extension to any Person, to fund any activities of or business with any Person, or in any Designated Jurisdiction, that, at the time of such funding, is the subject of Sanctions, or in any other manner that will result in a violation by any Person (including any Person participating in the transaction, whether as Lender, Arranger, Administrative Agent, L/C Issuer, Swingline Lender, or otherwise) of Sanctions.

  7.15	Anti-Corruption Laws.

  Directly or indirectly, use any Credit Extension or the proceeds of any Credit Extension for any purpose which would breach the United States Foreign Corrupt Practices Act of 1977, the UK Bribery Act 2010 and other similar anti-corruption legislation in other jurisdictions.

  7.16	Amendment of Material Documents.  

  Amend, modify or waive any document evidencing or governing Subordinated Debt in a manner that is materially adverse to the rights or interests of the Lenders which determination may be made in good faith by the board of directors of the Company, unless such amendment would increase the outstanding principal amount thereof, or result in an earlier maturity date or decreased weighted average life thereof, or modify the subordination terms applicable thereto in any manner that is less favorable to the Lenders than the terms being modified.

  7.17	Required Guarantors. 

  The Company will not permit (a) the Consolidated EBITDA of Restricted Subsidiaries that are Domestic Subsidiaries but not Guarantors to exceed 10% of Consolidated EBITDA on a Pro Forma Basis or (b) the combined assets of Restricted Subsidiaries that are Domestic Subsidiaries but not Guarantors to exceed 10% of the assets of the Company and the Restricted Subsidiaries taken as a whole on a Pro Forma Basis.

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  ARTICLE VIII
EVENTS OF DEFAULT AND REMEDIES

  8.01	Events of Default.

  Any of the following shall constitute an Event of Default:

  (a)	Non-Payment.  Any Borrower or any other Loan Party fails to pay (i) when and as required to be paid herein and in the currency required hereunder, any amount of principal of any Loan or any L/C Obligation or deposit any funds as Cash Collateral in respect of L/C Obligations, or (ii) within five (5) days after the same becomes due, any interest on any Loan or on any L/C Obligation, any fee due hereunder, or any other amount payable hereunder or under any other Loan Document; or

  (b)	Specific Covenants.  Any Loan Party fails to perform or observe any term, covenant or agreement contained in any of Section 6.03, 6.05 (with respect to any Borrower) or 6.11, or Article VII; or

  (c)	Other Defaults.  Any Loan Party fails to perform or observe any other covenant or agreement (not specified in Section 8.01(a) or (b) above) contained in any Loan Document on its part to be performed or observed and such failure continues for 30 days after the earlier of (i) any Borrower’s obtaining knowledge thereof or (ii) written notice thereof from the Administrative Agent to the Company (which notice will be given at the request of any Lender); or

  (d)	Representations and Warranties.  Any representation, warranty, certification or statement of fact made or deemed made by or on behalf of any Borrower or any other Loan Party herein, in any other Loan Document, or in any document delivered in connection herewith or therewith shall be incorrect or misleading when made or deemed made; or

  (e)	Cross-Default.  (i) Any Loan Party or any Restricted Subsidiary thereof (A) fails to make any payment when due (whether by scheduled maturity, required prepayment, acceleration, demand, or otherwise, but after giving effect to any applicable grace period) in respect of any Material Indebtedness (other than Indebtedness hereunder and obligations under Swap Contracts) or (B) fails to observe or perform any other agreement or condition relating to any such Material Indebtedness or contained in any instrument or agreement evidencing, securing or relating thereto, or any other event occurs, the effect of which default or other event is to cause, or to permit the holder or holders of such Indebtedness (or a trustee or agent on behalf of such holder or holders) to cause, with the giving of notice if required, such Material Indebtedness to be demanded or to become due or to be repurchased, prepaid, defeased or redeemed (automatically or otherwise), or an offer to repurchase, prepay, defease or redeem such Indebtedness to be made, prior to its stated maturity; or (ii) there occurs under any Swap Contract an Early Termination Date (as defined in such Swap Contract) resulting from (A) any event of default under such Swap Contract as to which a Loan Party or any Subsidiary thereof is the Defaulting Party (as defined in such Swap Contract) or (B) any Termination Event (as defined in such Swap Contract) under such Swap Contract as to which a Loan Party or any Subsidiary thereof is an Affected Party (as defined in such Swap Contract) and, in either event, the Swap Termination Value owed by such Loan Party or such Subsidiary as a result thereof is greater than the Threshold Amount; provided  that this 

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  clause (e) 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; or 

  (f)	Insolvency Proceedings, Etc.  Any Loan Party or any Material Subsidiary (or any group of Subsidiaries that, taken as a whole, would constitute a Material Subsidiary) institutes or consents to the institution of any proceeding under any Debtor Relief Law, or makes an assignment for the benefit of creditors; or applies for or consents to the appointment of any receiver, trustee, custodian, conservator, liquidator, rehabilitator or similar officer for it or for all or any material part of its property; or any receiver, trustee, custodian, conservator, liquidator, rehabilitator or similar officer is appointed without the application or consent of such Person and the appointment continues undischarged or unstayed for 60 calendar days; or any proceeding under any Debtor Relief Law relating to any such Person or to all or any material part of its property is instituted without the consent of such Person and continues undismissed or unstayed for 60 calendar days, or an order for relief is entered in any such proceeding; or

  (g)	Inability to Pay Debts; Attachment.  (i) Any Loan Party or any Material Subsidiary (or any group of Subsidiaries that, taken as a whole, would constitute a Material Subsidiary) becomes unable or admits in writing its inability or fails generally to pay its debts as they become due, or (ii) any writ or warrant of attachment or execution or similar process is issued or levied against all or any material part of the property of any such Person and is not released, vacated or fully bonded within 30 days after its issue or levy; or 

  (h)	Judgments.  There is entered against any Loan Party or any Material Subsidiary (or any group of Subsidiaries that, taken as a whole, would constitute a Material Subsidiary) or any combination thereof (i) one or more final judgments or orders for the payment of money in an aggregate amount (as to all such judgments and orders) exceeding the Threshold Amount (to the extent not covered by independent third-party insurance as to which the insurer is rated at least “A” by A.M. Best Company, has been notified of the potential claim and does not dispute coverage), or (ii) any one or more non-monetary final judgments that have, or could reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect and, in either case, (A) enforcement proceedings are commenced by any creditor upon such judgment or order, or (B) there is a period of 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 

  (i)	ERISA.  An ERISA Event shall have occurred that, in the reasonable opinion of the Required Lenders, when taken together with all other ERISA Events that have occurred, could reasonably be expected to result in liability of any Loan Party or any Material Subsidiary in an aggregate amount exceeding (i) $10,000,000 (inclusive of fees and penalties) in any year or (ii) $25,000,000 (inclusive of fees and penalties) for all periods; or

  (j)	Invalidity of Loan Documents.  Any Loan Document or any material provision of any Loan Document, at any time after its execution and delivery and for any reason other than as expressly permitted hereunder or thereunder or satisfaction in full of all Obligations arising under the Loan Documents, ceases to be in full force and effect; or any Loan Party or any other Person contests in any manner the validity or enforceability of any provision of any Loan Document; or any Loan Party denies that it has any or further liability or obligation under any provision of any Loan Document, or purports to revoke, terminate or rescind any provision of any Loan Document; 

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  or it is or becomes unlawful for a Loan Party to perform any of  its obligations under the Loan Documents; or

  (k)	Collateral Documents.  Prior to the occurrence of an Investment Grade Date, or after a Collateral Trigger Event, any Collateral Document after delivery thereof pursuant to the terms of the Loan Documents shall for any reason cease to create a valid and perfected first priority Lien (subject to Permitted Liens) on the Collateral purported to be covered thereby, or any Loan Party shall assert the invalidity of such Liens; or

  (l)	Change of Control.  There occurs any Change of Control.

  Without limiting the provisions of Article IX, if a Default shall have occurred under the Loan Documents, then such Default will continue to exist until it either is cured (to the extent specifically permitted) in accordance with the Loan Documents or is otherwise expressly waived by Administrative Agent (with the approval of requisite Appropriate Lenders (in their sole discretion) as determined in accordance with Section 10.01; and once an Event of Default occurs under the Loan Documents, then such Event of Default will continue to exist until it is expressly waived by the requisite Appropriate Lenders or by the Administrative Agent with the approval of the requisite Appropriate Lenders, as required hereunder in Section 10.01.

  8.02	Remedies upon Event of Default.

  If any Event of Default occurs and is continuing, the Administrative Agent shall, at the request of, or may, with the consent of, the Required Lenders, take any or all of the following actions:

  (a)	declare the Revolving Commitment of each Lender to make Loans and any obligation of any L/C Issuer to make L/C Credit Extensions to be terminated, whereupon such commitments and obligation shall be terminated;

  (b)	declare the unpaid principal amount of all outstanding Loans, all interest accrued and unpaid thereon, and all other amounts owing or payable hereunder or under any other Loan Document to be immediately due and payable, without presentment, demand, protest or other notice of any kind, all of which are hereby expressly waived by the Borrower;

  (c)	require that the Borrowers Cash Collateralize the L/C Obligations (in an amount equal to the Minimum Collateral Amount with respect thereto); and

  (d)	exercise on behalf of itself, the Lenders and the L/C Issuers all rights and remedies available to it, the Lenders and the L/C Issuers under the Loan Documents or applicable Law or equity;

  provided, however, that upon the occurrence of an actual or deemed entry of an order for relief with respect to any Borrower under the Bankruptcy Code of the United States, the obligation of each Lender to make Loans and any obligation of each L/C Issuer to make L/C Credit Extensions shall automatically terminate, the unpaid principal amount of all outstanding Loans and all interest and other amounts as aforesaid shall automatically become due and payable, and the obligation of 

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  the Borrowers to Cash Collateralize the L/C Obligations as aforesaid shall automatically become effective, in each case without further act of the Administrative Agent or any Lender.

  8.03	Application of Funds.

  After the exercise of remedies provided for in Section 8.02 (or after the Loans have automatically become immediately due and payable and the L/C Obligations have automatically been required to be Cash Collateralized as set forth in the proviso to Section 8.02) or if at any time insufficient funds are received by and available to the Administrative Agent to pay fully all Secured Obligations then due hereunder, any amounts received on account of the Secured Obligations shall, subject to the provisions of Sections 2.14 and 2.15, be applied by the Administrative Agent in the following order:

  First, to payment of that portion of the Secured Obligations constituting fees, indemnities, expenses and other amounts (including fees, charges and disbursements of counsel to the Administrative Agent and amounts payable under Article III) payable to the Administrative Agent in its capacity as such;

  Second, to payment of that portion of the Secured Obligations constituting fees, indemnities and other amounts (other than principal, interest, and Letter of Credit Fees) payable to the Lenders, and the L/C Issuers (including fees, charges and disbursements of counsel to the respective Lenders and the L/C Issuers (including fees and time charges for attorneys who may be employees of any Lender or any L/C Issuer) arising under the Loan Documents and amounts payable under Article III, ratably among them in proportion to the respective amounts described in this clause Second payable to them;

  Third, to payment of that portion of the Secured Obligations constituting accrued and unpaid Letter of Credit Fees and interest on the Loans, L/C Borrowings and other Secured Obligations arising under the Loan Documents, ratably among the Lenders and the L/C Issuers in proportion to the respective amounts described in this clause Third payable to them;

  Fourth, to payment of that portion of the Secured Obligations constituting unpaid principal of the Loans, L/C Borrowings and Secured Obligations then owing under Secured Hedge Agreements and Secured Cash Management Agreements and to the Administrative Agent for the account of the applicable L/C Issuer, to Cash Collateralize that portion of L/C Obligations comprised of the aggregate undrawn amount of Letters of Credit to the extent not otherwise Cash Collateralized by the Borrowers pursuant to Sections 2.03 and 2.14, in each case ratably among the Administrative Agent, the Lenders, the L/C Issuer, the Hedge Banks and the Cash Management Banks in proportion to the respective amounts described in this clause Fourth held by them; and

  Last, the balance, if any, after all of the Secured Obligations have been indefeasibly paid in full, to the Company or as otherwise required by Law.

  Subject to Sections 2.03(c) and 2.14, amounts used to Cash Collateralize the aggregate undrawn amount of Letters of Credit pursuant to clause Fourth above shall be applied to satisfy drawings under such Letters of Credit as they occur.  If any amount remains on deposit as Cash Collateral 

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  after all Letters of Credit have either been fully drawn or expired, such remaining amount shall be applied to the other Secured Obligations, if any, in the order set forth above.  Excluded Swap Obligations with respect to any Loan Party shall not be paid with amounts received from such Loan Party or its assets, but appropriate adjustments shall be made with respect to payments from other Loan Parties to preserve the allocation to Secured Obligations otherwise set forth above in this Section.

  Notwithstanding the foregoing, Secured Obligations arising under Secured Cash Management Agreements and Secured Hedge Agreements shall be excluded from the application described above if the Administrative Agent has not received a Secured Party Designation Notice, together with such supporting documentation as the Administrative Agent may reasonably request, from the applicable Cash Management Bank or Hedge Bank, as the case may be.  Each Cash Management Bank or Hedge Bank not a party to this Agreement that has given the notice contemplated by the preceding sentence shall, by such notice, be deemed to have acknowledged and accepted the appointment of the Administrative Agent pursuant to the terms of Article IX for itself and its Affiliates as if a “Lender” party hereto.

  ARTICLE IX
ADMINISTRATIVE AGENT

  9.01	Appointment and Authority.

  (a)	Appointment.  Each of the Lenders and the L/C Issuers hereby irrevocably appoints, designates and authorizes Bank of America to act on its behalf as the Administrative Agent hereunder and under the other Loan Documents and authorizes the Administrative Agent to take such actions on its behalf and to exercise such powers as are delegated to the Administrative Agent by the terms hereof or thereof, together with such actions and powers as are reasonably incidental thereto.  The provisions of this Article are solely for the benefit of the Administrative Agent, the Lenders and the L/C Issuers, and no Borrower nor any other Loan Party shall have rights as a third party beneficiary of any of such provisions.  It is understood and agreed that the use of the term “agent” herein or in any other Loan Documents (or any other similar term) with reference to the Administrative Agent is not intended to connote any fiduciary or other implied (or express) obligations arising under agency doctrine of any applicable Law. Instead such term is used as a matter of market custom, and is intended to create or reflect only an administrative relationship between contracting parties.  

  (b)	Collateral Agent. The Administrative Agent shall also act as the “collateral agent” under the Loan Documents, and each of the Lenders (including in its capacities as a potential Hedge Bank, and a potential Cash Management Bank) and the L/C Issuers hereby irrevocably appoints and authorizes the Administrative Agent to act as the agent of such Lender and such L/C Issuer for purposes of acquiring, holding and enforcing any and all Liens on Collateral granted by any of the Loan Parties to secure any of the Secured Obligations, together with such powers and discretion as are reasonably incidental thereto.  In this connection, the Administrative Agent, as “collateral agent” and any co-agents, sub-agents and attorneys-in-fact appointed by the Administrative Agent pursuant to Section 9.05 for purposes of holding or enforcing any Lien on the Collateral (or any portion thereof) granted under the Collateral Documents, or for exercising any rights and remedies thereunder at the direction of the Administrative Agent, shall be entitled 

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  to the benefits of all provisions of this Article IX and Article X (including Section 10.04(c), as though such co-agents, sub-agents and attorneys-in-fact were the “collateral agent” under the Loan Documents) as if set forth in full herein with respect thereto.

  9.02	Rights as a Lender.

  The Person serving as the Administrative Agent hereunder shall have the same rights and powers in its capacity as a Lender as any other Lender and may exercise the same as though it were not the Administrative Agent and the term “Lender” or “Lenders” shall, unless otherwise expressly indicated or unless the context otherwise requires, include the Person serving as the Administrative Agent hereunder in its individual capacity.  Such Person and its Affiliates may accept deposits from, lend money to, own securities of, act as the financial advisor or in any other advisory capacity for and generally engage in any kind of banking, trust, financial, advisory, underwriting or other business with any Loan Party or any Subsidiary or other Affiliate thereof as if such Person were not the Administrative Agent hereunder and without any duty to account therefor to the Lenders or to provide notice to or consent of the Lenders with respect thereto.

  9.03	Exculpatory Provisions.

  (a)	The Administrative Agent shall not have any duties or obligations except those expressly set forth herein and in the other Loan Documents, and its duties hereunder shall be administrative in nature.  Without limiting the generality of the foregoing, the Administrative Agent and its Related Parties:

  (i)	shall not be subject to any fiduciary or other implied duties, regardless of whether a Default has occurred and is continuing;

  (ii)	shall not have any duty to take any discretionary action or exercise any discretionary powers, except discretionary rights and powers expressly contemplated hereby or by the other Loan Documents that the Administrative Agent is required to exercise as directed in writing by the Required Lenders (or such other number or percentage of the Lenders as shall be expressly provided for herein or in the other Loan Documents), provided that the Administrative Agent shall not be required to take any action that, in its opinion or the opinion of its counsel, may expose the Administrative Agent to liability or that is contrary to any Loan Document or applicable Law, 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

  (iii)	shall not, except as expressly set forth herein and in the other Loan Documents, have any duty or responsibility to disclose, and shall not be liable for the failure to disclose, any information relating to any Loan Party or any of its Affiliates that is communicated to or obtained by the Person serving as the Administrative Agent or any of its Affiliates in any capacity.

  (b)	Neither the Administrative Agent nor any of its Related Parties shall be liable for any action taken or not taken by the Administrative Agent under or in connection with this Agreement or any other Loan Document or the transactions contemplated hereby or thereby (i) 

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  with the consent or at the request of the Required Lenders (or such other number or percentage of the Lenders as shall be necessary), or as the Administrative Agent shall believe in good faith shall be necessary, under the circumstances as provided in Sections 10.01 and 8.02) or (ii) in the absence of its own gross negligence or willful misconduct as determined by a court of competent jurisdiction by final and nonappealable judgment.  The Administrative Agent shall be deemed not to have knowledge of any Default unless and until notice describing such Default is given in writing to the Administrative Agent by the Borrower, a Lender or an L/C Issuer.

  (c)	Neither the Administrative Agent nor any of its Related Parties have any duty or obligation to any Lender or participant or any other Person to ascertain or inquire into (i) any statement, warranty or representation made in or in connection with this Agreement or any other Loan Document, (ii) the contents of any certificate, report or other document delivered hereunder or thereunder or in connection herewith or therewith, (iii) the performance or observance of any of the covenants, agreements or other terms or conditions set forth herein or therein or the occurrence of any Default, (iv) the validity, enforceability, effectiveness or genuineness of this Agreement, any other Loan Document or any other agreement, instrument or document, or the creation, perfection or priority of any Lien purported to be created by the Collateral Documents, (v) the value or the sufficiency of any Collateral, or (vi) the satisfaction of any condition set forth in Article IV or elsewhere herein, other than to confirm receipt of items expressly required to be delivered to the Administrative Agent.

  9.04	Reliance by Administrative Agent.

  The Administrative Agent shall be entitled to rely upon, and shall be fully protected in relying and shall not incur any liability for relying upon, any notice, request, certificate, communication, 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, sent or otherwise authenticated by the proper Person.  The Administrative Agent also may rely upon any statement made to it orally or by telephone and believed by it to have been made by the proper Person, and shall be fully protected in relying and shall not incur any liability for relying thereon.  In determining compliance with any condition hereunder to the making of a Loan, or the issuance, extension, renewal or increase of a Letter of Credit, that by its terms must be fulfilled to the satisfaction of a Lender or an L/C Issuer, the Administrative Agent may presume that such condition is satisfactory to such Lender or such L/C Issuer unless the Administrative Agent shall have received notice to the contrary from such Lender or such L/C Issuer prior to the making of such Loan or the issuance of such Letter of Credit.  The Administrative Agent may consult with legal counsel (who may be counsel for the Loan Parties), independent accountants and other experts selected by it, and shall not be liable for any action taken or not taken by it in accordance with the advice of any such counsel, accountants or experts.  For purposes of determining compliance with the conditions specified in Section 4.01, each Lender that has signed this Agreement shall be deemed to have consented to, approved or accepted or to be satisfied with, each document or other matter required thereunder to be consented to or approved by or acceptable or satisfactory to a Lender unless the Administrative Agent shall have received notice from such Lender prior to the proposed Closing Date specifying its objections.

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  9.05	Delegation of Duties.

  The Administrative Agent may perform any and all of its duties and exercise its rights and powers hereunder or under any other Loan Document by or through any one or more sub-agents appointed by the Administrative Agent.  The Administrative Agent and any such sub-agent may perform any and all of its duties and exercise its rights and powers by or through their respective Related Parties.  The exculpatory provisions of this Article shall apply to any such sub-agent and to the Related Parties of the Administrative Agent and any such sub-agent, and shall apply to their respective activities in connection with the syndication of the Facilities as well as activities as Administrative Agent. The Administrative Agent shall not be 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 nonappealable judgment that the Administrative Agent acted with gross negligence or willful misconduct in the selection of such sub-agents.

  9.06	Resignation of Administrative Agent.

  (a)	Notice.  The Administrative Agent may at any time give notice of its resignation to the Lenders, the L/C Issuers and the Company.  Upon receipt of any such notice of resignation, the Required Lenders shall have the right, in consultation with the Company, to appoint a successor, which shall be a bank with an office in the United States, or an Affiliate of any such bank with an office in the United States.  If no such successor shall have been so appointed by the Required Lenders and shall have accepted such appointment within 30 days after the retiring Administrative Agent gives notice of its resignation (or such earlier day as shall be agreed by the Required Lenders) (the “Resignation Effective Date”), then the retiring Administrative Agent may (but shall not be obligated to) on behalf of the Lenders and the L/C Issuers, appoint a successor Administrative Agent meeting the qualifications set forth above; provided that in no event shall any successor Administrative Agent be a Defaulting Lender.  Whether or not a successor has been appointed, such resignation shall become effective in accordance with such notice on the Resignation Effective Date.

  (b)	Effect of Resignation or Removal.  With effect from the Resignation Effective Date (i) the retiring Administrative Agent shall be discharged from its duties and obligations hereunder and under the other Loan Documents (except that in the case of any collateral security held by the Administrative Agent on behalf of the Lenders or the L/C Issuers under any of the Loan Documents, the retiring Administrative Agent shall continue to hold such collateral security until such time as a successor Administrative Agent is appointed) and (ii) except for any indemnity payments or other amounts then owed to the retiring Administrative Agent, all payments, communications and determinations provided to be made by, to or through the Administrative Agent shall instead be made by or to each Lender and each applicable L/C Issuer directly, until such time, if any, as the Required Lenders appoint a successor Administrative Agent as provided for above.  Upon the acceptance of a successor’s appointment as Administrative Agent hereunder, such successor shall succeed to and become vested with all of the rights, powers, privileges and duties of the retiring Administrative Agent (other than as provided in Section 3.01(g) and other than any rights to indemnity payments or other amounts owed to the retiring Administrative Agent as of the Resignation Effective Date), and the retiring Administrative Agent shall be discharged from all of its duties and obligations hereunder or under the other Loan Documents (if not already discharged therefrom as provided above in this Section).  The fees payable by the Borrowers to a 

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  successor Administrative Agent shall be the same as those payable to its predecessor unless otherwise agreed between the Company and such successor.  After the retiring Administrative Agent’s resignation hereunder and under the other Loan Documents, the provisions of this Article and Section 10.04 shall continue in effect for the benefit of such retiring Administrative Agent, its sub‐agents and their respective Related Parties in respect of any actions taken or omitted to be taken by any of them (i) while the retiring Administrative Agent was acting as Administrative Agent and (ii) after such resignation or removal for as long as any of them continues to act in any capacity hereunder or under the other Loan Documents, including, without limitation, (A) acting as collateral agent or otherwise holding any collateral security on behalf of any of the Secured Parties and (B) in respect of any actions taken in connection with transferring the agency to any successor Administrative Agent.

  (c)	L/C Issuer and Swingline Lender.  Any resignation or removal by Bank of America as Administrative Agent pursuant to this Section shall also constitute its resignation as an L/C Issuer and Swingline Lender.  If Bank of America resigns as an L/C Issuer, it shall retain all the rights, powers, privileges and duties of an L/C Issuer hereunder with respect to all Letters of Credit outstanding as of the effective date of its resignation as an L/C Issuer and all L/C Obligations with respect thereto, including the right to require the Lenders to make Base Rate Loans or fund risk participations in Unreimbursed Amounts pursuant to Section 2.03(c).  If Bank of America resigns as Swingline Lender, it shall retain all the rights of the Swingline Lender provided for hereunder with respect to Swingline Loans made by it and outstanding as of the effective date of such resignation, including the right to require the Lenders to make Base Rate Loans or fund risk participations in outstanding Swingline Loans pursuant to Section 2.04(c).  Upon the appointment by the Company of a successor L/C Issuer or Swingline Lender hereunder (which successor shall in all cases be a Lender other than a Defaulting Lender), (i) such successor shall succeed to and become vested with all of the rights, powers, privileges and duties of the retiring L/C Issuer or Swingline Lender, as applicable, (ii) the retiring L/C Issuer and Swingline Lender shall be discharged from all of their respective duties and obligations hereunder or under the other Loan Documents, and (iii) the successor L/C Issuer shall issue letters of credit in substitution for the Letters of Credit, if any, outstanding at the time of such succession or make other arrangements satisfactory to Bank of America to effectively assume the obligations of Bank of America with respect to such Letters of Credit.

  9.07	Non-Reliance on Administrative Agent and Other Lenders.

  Each Lender and each L/C Issuer acknowledges that it has, independently and without reliance upon the Administrative Agent or any other Lender or any of their Related Parties and based on such documents and information as it has deemed appropriate, made its own credit analysis and decision to enter into this Agreement.  Each Lender and each L/C Issuer also acknowledges that it will, independently and without reliance upon the Administrative Agent or any other Lender or any of their Related Parties and based on such documents and information as it shall from time to time deem appropriate, continue to make its own decisions in taking or not taking action under or based upon this Agreement, any other Loan Document or any related agreement or any document furnished hereunder or thereunder.

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  9.08	No Other Duties, Etc.

  Anything herein to the contrary notwithstanding, none of the titles listed on the cover page hereof shall have any powers, duties or responsibilities under this Agreement or any of the other Loan Documents, except in its capacity, as applicable, as the Administrative Agent, an Arranger, a Lender, an L/C Issuer, or a Joint Sustainability Coordinator hereunder.

  9.09	Administrative Agent May File Proofs of Claim; Credit Bidding.

  In case of the pendency of any proceeding under any Debtor Relief Law or any other judicial proceeding relative to any Loan Party, the Administrative Agent (irrespective of whether the principal of any Loan or L/C Obligation shall then be due and payable as herein expressed or by declaration or otherwise and irrespective of whether the Administrative Agent shall have made any demand on any Borrower) shall be entitled and empowered, by intervention in such proceeding or otherwise:

  (a)	to file and prove a claim for the whole amount of the principal and interest owing and unpaid in respect of the Loans, L/C Obligations and all other Secured Obligations that are owing and unpaid and to file such other documents as may be necessary or advisable in order to have the claims of the Lenders, the L/C Issuers and the Administrative Agent (including any claim for the reasonable compensation, expenses, disbursements and advances of the Lenders, the L/C Issuers and the Administrative Agent and their respective agents and counsel and all other amounts due the Lenders, the L/C Issuers and the Administrative Agent under Sections 2.03(h) and (i), 2.09, 2.10(b) and 10.04) allowed in such judicial proceeding; and

  (b)	to collect and receive any monies or other property payable or deliverable on any such claims and to distribute the same;

  and any custodian, receiver, assignee, trustee, liquidator, sequestrator or other similar official in any such judicial proceeding is hereby authorized by each Lender and each L/C Issuer to make such payments to the Administrative Agent and, in the event that the Administrative Agent shall consent to the making of such payments directly to the Lenders and the L/C Issuers, to pay to the Administrative Agent any amount due for the reasonable compensation, expenses, disbursements and advances of the Administrative Agent and its agents and counsel, and any other amounts due the Administrative Agent under Sections 2.09, 2.10(b) and 10.04.

  Nothing contained herein shall be deemed to authorize the Administrative Agent to authorize or consent to or accept or adopt on behalf of any Lender or L/C Issuer any plan of reorganization, arrangement, adjustment or composition affecting the Secured Obligations or the rights of any Lender or L/C Issuer to authorize the Administrative Agent to vote in respect of the claim of any Lender or L/C Issuer or in any such proceeding.

  The Secured Parties hereby irrevocably authorize the Administrative Agent, at the direction of the Required Lenders, to credit bid all or any portion of the Secured Obligations (including 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 of the United States, including 

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  under Sections 363, 1123 or 1129 of the Bankruptcy Code of the United States, or any similar Laws in any other jurisdictions to which a Loan Party is subject, (b) at any other sale or foreclosure or acceptance of collateral in lieu of debt conducted by (or with the consent or at the direction of) the Administrative Agent (whether by judicial action or otherwise) in accordance with any applicable Law.  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 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 would 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) in the asset or assets so purchased (or in the Equity Interests or debt instruments of the acquisition vehicle or vehicles that are used to consummate such purchase).  In connection with any such bid (i) the Administrative Agent shall be authorized to form one or more acquisition vehicles to make a bid, (ii) to adopt documents providing for the governance of the acquisition vehicle or vehicles (provided that any actions by the Administrative 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 the vote of the Required Lenders, irrespective of the termination of this Agreement and without giving effect to the limitations on actions by the Required Lenders contained in clauses (a) through (j) of Section 10.01 of this Agreement, and (iii) 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 debt credit bid by the acquisition vehicle or otherwise), such Secured Obligations shall automatically be reassigned to the Lenders pro rata and the Equity Interests and/or debt instruments issued by any acquisition vehicle on account of the Secured Obligations that had been assigned to the acquisition vehicle shall automatically be cancelled, without the need for any Secured Party or any acquisition vehicle to take any further action.

  9.10	Collateral and Guaranty Matters.

  Each of the Lenders (including in its capacities as a potential Cash Management Bank and a potential Hedge Bank) and each L/C Issuer irrevocably authorize the Administrative Agent, at its option and in its discretion,

  (a)	to release any Lien on any property granted to or held by the Administrative Agent under any Loan Document (i) upon the Facility Termination Date, (ii) upon an Investment Grade Date, (iii) that is sold or otherwise disposed of or to be sold or otherwise disposed of as part of or in connection with any sale or other disposition permitted hereunder or under any other Loan Document, or (iv) if approved, authorized or ratified in writing by the Required Lenders in accordance with Section 10.01; 

  (b)	to subordinate any Lien on any property granted to or held by the Administrative Agent under any Loan Document to the holder of any Lien on such property that is permitted by Section 7.01(e); and 

  (c)	to release any Guarantor from its obligations under the Guaranty if such Person ceases to be a Subsidiary as a result of a transaction permitted under the Loan Documents.

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  Upon request by the Administrative Agent at any time, the Required Lenders will confirm in writing the Administrative Agent’s authority to release or subordinate its interest in particular types or items of property, or to release any Guarantor from its obligations under the Guaranty pursuant to this Section 9.10.  In each case as specified in this Section 9.10, the Administrative Agent will, at the Borrowers’ expense, execute and deliver to the applicable Loan Party such documents as such Loan Party may reasonably request to evidence the release of such item of Collateral from the assignment and security interest granted under the Collateral Documents or to subordinate its interest in such item, or to release such Guarantor from its obligations under the Guaranty, in each case in accordance with the terms of the Loan Documents and this Section 9.10.

  In the case of Receivables and Receivables Related Rights disposed of pursuant to a Permitted Receivables Sale Transaction, the Liens under the Collateral Documents on such Receivables and Receivables Related Rights shall automatically be released upon such disposition without further action by the parties hereto.  In addition, in the case of Receivables and Receivables Related Rights disposed of to a Securitization Entity pursuant to a Permitted Securitization Transaction, the Liens under the Collateral Documents on such Receivables and Receivables Related Rights shall automatically be released upon such disposition to such Securitization Entity without further action by the parties hereto.

  The Administrative Agent shall not be responsible for or have a duty to ascertain or inquire into any representation or warranty regarding the existence, value or collectability of the Collateral, the existence, priority or perfection of the Administrative Agent’s Lien thereon, or any certificate prepared by any Loan Party in connection therewith, nor shall the Administrative Agent be responsible or liable to the Lenders for any failure to monitor or maintain any portion of the Collateral.

  9.11	Secured Cash Management Agreements and Secured Hedge Agreements.

  Except as otherwise expressly set forth herein, no Cash Management Bank or Hedge Bank that obtains the benefit of the provisions of Section 8.03, the Guaranty or any Collateral by virtue of the provisions hereof or any Collateral Document shall have any right to notice of any action or to consent to, direct or object to any action hereunder or under any other Loan Document or otherwise in respect of the Collateral (including the release or impairment of any Collateral) (or to notice of or to consent to any amendment, waiver or modification of the provisions hereof or of the Guaranty or any Collateral Document) other than in its capacity as a Lender and, in such case, only to the extent expressly provided in the Loan Documents.  Notwithstanding any other provision of this Article IX to the contrary, the Administrative Agent shall not be required to verify the payment of, or that other satisfactory arrangements have been made with respect to, Secured Obligations arising under Secured Cash Management Agreements and Secured Hedge Agreements except to the extent expressly provided herein and unless the Administrative Agent has received a Secured Party Designation Notice of such Secured Obligations, together with such supporting documentation as the Administrative Agent may request, from the applicable Cash Management Bank or Hedge Bank, as the case may be.  The Administrative Agent shall not be required to verify the payment of, or that other satisfactory arrangements have been made with respect to, Secured Obligations arising under Secured Cash Management Agreements and Secured Hedge Agreements in the case of a Facility Termination Date.

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  9.12	ERISA Representation.  

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

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

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

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

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

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

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

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

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

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

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

  The representations set forth in Section 9.10(b)(ii)-(v) above are intended to comply with the U.S. Department of Labor’s regulation Sections 29 C.F.R. 2510.3-21(a) and (c)(1) as promulgated on April 8, 2016 (81 Fed. Reg. 20,997), and if such regulations are no longer in effect, these representations shall be deemed to be no longer in effect.

  (c)	The Administrative Agent and each Arranger hereby informs the Lenders that each such Person is not undertaking to provide impartial investment advice, or to give advice in a fiduciary capacity, in connection with the transactions contemplated hereby, and that such Person has a financial interest in the transactions contemplated hereby in that such Person or an Affiliate thereof (i) may receive interest or other payments with respect to the Loans, the Letters of Credit, the Revolving Commitments, and this Agreement, (ii) may recognize a gain if it extended the Loans, the Letters of Credit, or the Revolving Commitments for an amount less than the amount being paid for an interest in the Loans, the Letters of Credit, or the Revolving 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, 

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  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. 

  9.13	Recovery of Erroneous Payments.  Without limitation of any other provision in this Agreement, if at any time the Administrative Agent makes a payment hereunder in error to any Lender or any L/C Issuer (the “Credit Party”), whether or not in respect of an Obligation due and owing by the Borrowers at such time, where such payment is a Rescindable Amount, then in any such event, each Credit Party receiving a Rescindable Amount severally agrees to repay to the Administrative Agent forthwith on demand the Rescindable Amount received by such Credit Party in immediately available funds in the currency so received, with interest thereon, for each day from and including the date such Rescindable Amount is received by it to but excluding the date of payment to the Administrative Agent, at the greater of the Federal Funds Rate and a rate determined by the Administrative Agent in accordance with banking industry rules on interbank compensation.  Each Credit Party irrevocably waives any and all defenses, including any “discharge for value” (under which a creditor might otherwise claim a right to retain funds mistakenly paid by a third party in respect of a debt owed by another) or similar defense to its obligation to return any Rescindable Amount.  The Administrative Agent shall inform each Credit Party promptly upon determining that any payment made to such Credit Party comprised, in whole or in part, a Rescindable Amount. 

  ARTICLE X
MISCELLANEOUS

  10.01	Amendments, Etc.

  Subject to Section 3.03, no amendment or waiver of any provision of this Agreement or any other Loan Document, and no consent to any departure by any Borrower or any other Loan Party therefrom, shall be effective unless in writing signed by the Required Lenders (or by the Administrative Agent with the consent of the Required Lenders) and the Borrowers or the applicable Loan Party, as the case may be, and acknowledged by the Administrative Agent, and each such waiver or consent shall be effective only in the specific instance and for the specific purpose for which given; provided, however, that no such amendment, waiver or consent shall:

  (a)	waive any condition set forth in Section 4.01, or, in the case of the initial Credit Extension, Section 4.02, without the written consent of each Lender;

  (b)	without limiting the generality of clause (a) above, waive any condition set forth in Section 4.02 as to any Credit Extension under a particular Facility without the written consent of the Required Revolving Lenders or the Required Term Lenders, as the case may be; 

  (c)	extend or increase the Revolving Commitment of any Lender (or reinstate any Revolving Commitment terminated pursuant to Section 8.02) without the written consent of such Lender (it being understood and agreed that a waiver of any condition precedent in Section 4.02 or of any Default or a mandatory reduction in Revolving Commitments is not considered an extension or increase in Revolving Commitments of any Lender);

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  (d)	postpone any date fixed by this Agreement or any other Loan Document for any payment (excluding mandatory prepayments) of principal, interest, fees or other amounts due to the Lenders (or any of them) hereunder or under such other Loan Document without the written consent of each Lender entitled to such payment;

  (e)	reduce the principal of, or the rate of interest specified herein on, any Loan or L/C Borrowing, or (subject to clause (iv) of the second proviso to this Section 10.01) any fees or other amounts payable hereunder or under any other Loan Document without the written consent of each Lender entitled to such amount; provided, however, that only the consent of the Required Lenders shall be necessary to (i) amend the definition of “Default Rate” or to waive any obligation of the Borrowers to pay interest or Letter of Credit Fees at the Default Rate or (ii) to amend any financial covenant hereunder (or any defined term used therein) even if the effect of such amendment would be to reduce the rate of interest on any Loan or L/C Borrowing or to reduce any fee payable hereunder; 

  (f)	(i) change Section 8.03 or Section 2.13 in a manner that would alter the pro rata sharing of payments required thereby or (ii) subordinate the payment priority of the Obligations or subordinate the Liens granted to the Administrative Agent (for the benefit of the Secured Parties) in the Collateral, in each case without the written consent of each Lender;

  (g)	change (i) any provision of this Section 10.01 or the definition of “Required Lenders” or any other provision of any Loan Document specifying the number or percentage of Lenders required to amend, waive or otherwise modify any rights hereunder or thereunder or make any determination or grant any consent hereunder (other than the definitions specified in clause (ii) of this Section 10.01(g), without the written consent of each Lender or (ii) the definition of “Required Revolving Lenders” or “Required Term Lenders” as each relates to the related Facility (or the constituent definition therein relating to such Facility) without the written consent of each Lender under such Facility (it being understood that, solely with the consent of the parties prescribed by Section 2.18 to be parties to an Incremental Term Facility Amendment, Incremental Term Facilities may be included in the determination of Required Lenders and Required Term Lenders on substantially the same basis as the Term Loans are included on the Closing Date);

  (h)	release all or substantially all of the Collateral in any transaction or series of related transactions, without the written consent of each Lender (other than upon a Collateral Release Date);

  (i)	release all or substantially all of the value of the Guaranty, or release the Company as guarantor of the Obligations of any Designated Borrower, in each case without the written consent of each Lender, except to the extent the release of any Subsidiary from the Guaranty is permitted pursuant to Section 9.10 (in which case such release may be made by the Administrative Agent acting alone); 

  (j)	(i) release the Company (from its obligations as a Borrower or as a Guarantor hereunder) or (ii) release any Designated Borrower, except in connection with the termination of a Designated Borrower’s status as such under Section 2.16, a merger or consolidation permitted under Section 7.04 or a Disposition permitted under Section 7.05; or

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  (k)	amend Section 1.09 or the definition of “Alternative Currency” without the written consent of each Lender directly affected thereby;

  and provided, further, that (i) no amendment, waiver or consent shall, unless in writing and signed by each L/C Issuer in addition to the Lenders required above, affect the rights or duties of such L/C Issuer under this Agreement or any Issuer Document relating to any Letter of Credit issued or to be issued by it; (ii) no amendment, waiver or consent shall, unless in writing and signed by the Swingline Lender in addition to the Lenders required above, affect the rights or duties of the Swingline Lender under this Agreement; (iii) no amendment, waiver or consent shall, unless in writing and signed by the Administrative Agent in addition to the Lenders required above, affect the rights or duties of the Administrative Agent under this Agreement or any other Loan Document; (iv) the Fee Letter may be amended, or rights or privileges thereunder waived, in a writing executed only by the parties thereto; and (v) the term L/C Commitment may be amended pursuant to a fully executed (and delivered to the Administrative Agent) Notice of Additional L/C Issuer.  Notwithstanding anything to the contrary herein, (A) no Defaulting Lender shall have any right to approve or disapprove any amendment, waiver or consent hereunder (and any amendment, waiver or consent which by its terms requires the consent of all Lenders or each affected Lender, or all Lenders or each affected Lender under a Facility, may be effected with the consent of the applicable Lenders other than Defaulting Lenders), except that (1) the Revolving Commitment of any Defaulting Lender may not be increased or extended without the consent of such Lender and (2) any waiver, amendment or modification requiring the consent of all Lenders or each affected Lender, or all Lenders or each affected Lender under a Facility, that by its terms affects any Defaulting Lender disproportionately adversely relative to other affected Lenders shall require the consent of such Defaulting Lender; (B) each Lender is entitled to vote as such Lender sees fit on any bankruptcy reorganization plan that affects the Loans, and each Lender acknowledges that the provisions of Section 1126(c) of the Bankruptcy Code of the United States supersedes the unanimous consent provisions set forth herein and (C) the Required Lenders shall determine whether or not to allow a Loan Party to use cash collateral in the context of a bankruptcy or insolvency proceeding and such determination shall be binding on all of the Lenders.

  Notwithstanding anything to the contrary herein the Administrative Agent may, with the prior written consent of the Company only, amend, modify or supplement this Agreement or any of the other Loan Documents to cure any ambiguity, omission, mistake, defect or inconsistency.

  Notwithstanding any provision herein to the contrary, this Agreement may be amended with the written consent of the Administrative Agent, each L/C Issuer, each Borrower and the Revolving Lenders to amend the definition of “Alternative Currency”, “Alternative Currency Daily Rate” or “Alternative Currency Term Rate” or Section 1.09 solely to add additional currency options and the applicable interest rate with respect thereto, in each case solely to the extent permitted pursuant to Section 1.09.

  If any Lender does not consent to a proposed amendment, waiver, consent or release with respect to any Loan Document that requires the consent of each Lender, each affected Lender or each affected Lender in a Facility and that has been approved by the Required Lenders, Required Revolving Lenders or Required Term Lenders, as applicable, the Borrowers may replace such Non-Consenting Lender in accordance with Section 10.13; provided that such amendment, waiver, consent or release can be effected as a result of the assignment contemplated by such Section 

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  (together with all other such assignments required by the Borrowers to be made pursuant to this paragraph).

  10.02	Notices; Effectiveness; Electronic Communications.

  (a)	Notices Generally.  Except in the case of notices and other communications expressly permitted to be given by telephone (and except as provided in subsection (b) below), all notices and other communications provided for herein shall be in writing and shall be delivered by hand or overnight courier service, mailed by certified or registered mail or sent by fax transmission or e-mail transmission as follows, and all notices and other communications expressly permitted hereunder to be given by telephone shall be made to the applicable telephone number, as follows:

  (i)	if to any Borrower or any other Loan Party, the Administrative Agent, any L/C Issuer or the Swingline Lender, to the address, fax number, e-mail address or telephone number specified for such Person on Schedule 1.01(a); and

  (ii)	if to any other Lender, to the address, fax number, e-mail address or telephone number specified in its Administrative Questionnaire (including, as appropriate, notices delivered solely to the Person designated by a Lender on its Administrative Questionnaire then in effect for the delivery of notices that may contain material non-public information relating to the Borrower).

  Notices and other communications sent by hand or overnight courier service, or mailed by certified or registered mail, shall be deemed to have been given when received; notices and other communications sent by fax transmission shall be deemed to have been given when sent (except that, if not given during normal business hours for the recipient, shall be deemed to have been given at the opening of business on the next Business Day for the recipient).  Notices and other communications delivered through electronic communications to the extent provided in subsection (b) below shall be effective as provided in such subsection (b).

  (b)	Electronic Communications.  Notices and other communications to the Administrative Agent,  the Lenders, the Swingline Lender and the L/C Issuers hereunder may be delivered or furnished by electronic communication (including e-mail, FPML messaging 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, the Swingline Lender or any L/C Issuer pursuant to Article II if such Lender, Swingline Lender or such L/C Issuer, as applicable, has notified the Administrative Agent that it is incapable of receiving notices under such Article by electronic communication.  The Administrative Agent, the Swingline Lender, the L/C Issuers or the Borrowers may each, 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 acknowledgment from the intended recipient (such as by the “return receipt requested” function, 

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  as available, return e-mail or other written acknowledgement) and (ii) notices and other communications posted to an Internet or intranet website shall be deemed received by the intended recipient 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 address or other written acknowledgement) indicating that such notice or communication is available and identifying the website address therefor; provided that for both clauses (i) and (ii), if such notice or other communication is not sent during the normal business hours of the recipient, such notice, email or communication shall be deemed to have been sent at the opening of business on the next Business Day for the recipient.

  (c)	The Platform.  THE PLATFORM IS PROVIDED “AS IS” AND “AS AVAILABLE.”  THE AGENT PARTIES (AS DEFINED BELOW) DO NOT WARRANT THE ACCURACY OR COMPLETENESS OF THE BORROWER MATERIALS OR THE ADEQUACY OF THE PLATFORM, AND EXPRESSLY DISCLAIM LIABILITY FOR ERRORS IN OR OMISSIONS FROM THE BORROWER MATERIALS.  NO WARRANTY OF ANY KIND, EXPRESS, IMPLIED OR STATUTORY, INCLUDING ANY WARRANTY OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, NON-INFRINGEMENT OF THIRD PARTY RIGHTS OR FREEDOM FROM VIRUSES OR OTHER CODE DEFECTS, IS MADE BY ANY AGENT PARTY IN CONNECTION WITH THE BORROWER MATERIALS OR THE PLATFORM.  In no event shall the Administrative Agent or any of its Related Parties (collectively, the “Agent Parties”) have any liability to the Borrower, any Lender, any L/C Issuer or any other Person for losses, claims, damages, liabilities or expenses of any kind (whether in tort, contract or otherwise) arising out of any Borrower’s, any Loan Party’s or the Administrative Agent’s transmission of Borrower Materials or notices through the Platform, any other electronic platform or electronic messaging service, or through the Internet.

  (d)	Change of Address, Etc.  Each of the Borrowers, the Administrative Agent, the L/C Issuers and the Swingline Lender may change its address, fax number or telephone number or e-mail address for notices and other communications hereunder by notice to the other parties hereto.  Each other Lender may change its address, fax number or telephone number or e-mail address for notices and other communications hereunder by notice to the Borrowers, the Administrative Agent, the L/C Issuers and the Swingline Lender.  In addition, each Lender agrees to notify the Administrative Agent from time to time to ensure that the Administrative Agent has on record (i) an effective address, contact name, telephone number, fax number and e-mail address to which notices and other communications may be sent and (ii) accurate wire instructions for such Lender.  Furthermore, each Public Lender agrees to cause at least one (1) individual at or on behalf of such Public Lender to at all times have selected the “Private Side Information” or similar designation on the content declaration screen of the Platform in order to enable such Public Lender or its delegate, in accordance with such Public Lender’s compliance procedures and applicable Law, including United States federal and state securities Laws, to make reference to Borrower Materials that are not made available through the “Public Side Information” portion of the Platform and that may contain material non-public information with respect to the Borrowers or their securities for purposes of United States federal or state securities laws.

  (e)	Reliance by Administrative Agent, L/C Issuers and Lenders.  The Administrative Agent, the L/C Issuers and the Lenders shall be entitled to rely and act upon any notices (including, without limitation, telephonic or electronic notices, Loan Notices, Letter of Credit Applications, 

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  Notice of Loan Prepayment and Swingline Loan Notices) purportedly given by or on behalf of any Loan Party even if (i) such notices were not made in a manner specified herein, were incomplete or were not preceded or followed by any other form of notice specified herein, or (ii) the terms thereof, as understood by the recipient, varied from any confirmation thereof.  The Loan Parties shall indemnify the Administrative Agent, each L/C Issuer, each Lender and the Related Parties of each of them from all losses, costs, expenses and liabilities resulting from the reliance by such Person on each notice purportedly given by or on behalf of a Loan Party.  All telephonic notices to and other telephonic communications with the Administrative Agent may be recorded by the Administrative Agent, and each of the parties hereto hereby consents to such recording.

  10.03	No Waiver; Cumulative Remedies; Enforcement.

  No failure by any Lender, any L/C Issuer or the Administrative Agent to exercise, and no delay by any such Person in exercising, any right, remedy, power or privilege hereunder or under any other Loan Document shall operate as a waiver thereof; nor shall any single or partial exercise of any right, remedy, power or privilege hereunder or under any other Loan Document preclude any other or further exercise thereof or the exercise of any other right, remedy, power or privilege.  The rights, remedies, powers and privileges herein provided, and provided under each other Loan Document, are cumulative and not exclusive of any rights, remedies, powers and privileges provided by law.

  Notwithstanding anything to the contrary contained herein or in any other Loan Document, the authority to enforce rights and remedies hereunder and under the other Loan Documents against the Loan Parties or any of them shall be vested exclusively in, and all actions and proceedings at law in connection with such enforcement shall be instituted and maintained exclusively by, the Administrative Agent in accordance with Section 8.02 for the benefit of all the Lenders and the L/C Issuers; provided, however, that the foregoing shall not prohibit (a) the Administrative Agent from exercising on its own behalf the rights and remedies that inure to its benefit (solely in its capacity as Administrative Agent) hereunder and under the other Loan Documents, (b) any L/C Issuer or the Swingline Lender from exercising the rights and remedies that inure to its benefit (solely in its capacity as L/C Issuer or Swingline Lender, as the case may be) hereunder and under the other Loan Documents, (c) any Lender from exercising setoff rights in accordance with Section 10.08 (subject to the terms of Section 2.13), or (d) any Lender from filing proofs of claim or appearing and filing pleadings on its own behalf during the pendency of a proceeding relative to any Loan Party under any Debtor Relief Law; and provided, further, that if at any time there is no Person acting as Administrative Agent hereunder and under the other Loan Documents, then (i) the Required Lenders shall have the rights otherwise ascribed to the Administrative Agent pursuant to Section 8.02 and (ii) in addition to the matters set forth in clauses (b), (c) and (d) of the preceding proviso and subject to Section 2.13, any Lender may, with the consent of the Required Lenders, enforce any rights and remedies available to it and as authorized by the Required Lenders.

  10.04	Expenses; Indemnity; Damage Waiver.

  (a)	Costs and Expenses.  The Loan Parties shall pay (i) all reasonable out-of-pocket expenses incurred by the Administrative Agent and its Affiliates (including the reasonable fees, charges and disbursements of counsel for the Administrative Agent), in connection with the syndication of the credit facilities provided for herein, the preparation, negotiation, execution, 

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  delivery and administration of this Agreement and the other Loan Documents or any amendments, modifications or waivers of the provisions hereof or thereof (whether or not the transactions contemplated hereby or thereby shall be consummated), (ii) all reasonable out-of-pocket expenses incurred by any L/C Issuer in connection with the issuance, amendment, renewal or extension of any Letter of Credit or any demand for payment thereunder and (iii) all out-of-pocket expenses incurred by the Administrative Agent, any Lender or any L/C Issuer (including the fees, charges and disbursements of any counsel for the Administrative Agent, any Lender or any L/C Issuer), and shall pay all fees and time charges for attorneys who may be employees of the Administrative Agent, any Lender, or any L/C Issuer, in connection with the enforcement or protection of its rights (A) in connection with this Agreement and the other Loan Documents, including its rights under this Section, or (B) in connection with Loans made or Letters of Credit issued hereunder, including all such out-of-pocket expenses incurred during any workout, restructuring or negotiations in respect of such Loans or Letters of Credit.

  (b)	Indemnification by the Loan Parties.  The Loan Parties shall indemnify the Administrative Agent (and any sub-agent thereof), each Lender and each L/C Issuer, and each Related Party of any of the foregoing Persons (each such Person being called an “Indemnitee”) against, and hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities and related expenses (including the fees, charges and disbursements of any counsel for any Indemnitee), and shall indemnify and hold harmless each Indemnitee from all fees and time charges and disbursements for attorneys who may be employees of any Indemnitee, incurred by any Indemnitee or asserted against any Indemnitee by any Person (including any Borrower or any other Loan Party) arising out of, in connection with, or as a result of (i) the execution or delivery of this Agreement, any other Loan Document or any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto of their respective obligations hereunder or thereunder or the consummation of the transactions contemplated hereby or thereby, or, in the case of the Administrative Agent (and any sub-agent thereof) and its Related Parties only, the administration of this Agreement and the other Loan Documents (including in respect of any matters addressed in Section 3.01), (ii) any Loan or Letter of Credit or the use or proposed use of the proceeds therefrom (including any refusal by an L/C Issuer to honor a demand for payment under a Letter of Credit if the documents presented in connection with such demand do not strictly comply with the terms of such Letter of Credit), (iii) any actual or alleged presence or release of Hazardous Materials on or from any property owned or operated by a Loan Party or any of its Subsidiaries, or any Environmental Liability related in any way to a Loan Party or any of its Subsidiaries, or (iv) any actual or prospective claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by a third party or by any Borrower or any other Loan Party or any of such Borrower’s or such Loan Party’s directors, shareholders or creditors, and regardless of whether any Indemnitee is a party thereto, IN ALL CASES, WHETHER OR NOT CAUSED BY OR ARISING, IN WHOLE OR IN PART, OUT OF THE COMPARATIVE, CONTRIBUTORY OR SOLE NEGLIGENCE OF THE INDEMNITEE; provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such losses, claims, damages, liabilities or related expenses  are determined by a court of competent jurisdiction by final and nonappealable judgment to have resulted from the gross negligence or willful misconduct of such Indemnitee.  Without limiting the provisions of Section 3.01(c), this Section 10.04(b) shall not apply with respect to Taxes other than any Taxes that represent losses, claims, damages, etc. arising from any non-Tax claim.

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  (c)	Reimbursement by Lenders.  To the extent that the Loan Parties for any reason fail to indefeasibly pay any amount required under subsection (a) or (b) of this Section to be paid by it to the Administrative Agent (or any sub-agent thereof), any L/C Issuer, the Swingline Lender or any Related Party of any of the foregoing, each Lender severally agrees to pay to the Administrative Agent (or any such sub-agent), such L/C Issuer, the Swingline Lender or such Related Party, as the case may be, such Lender’s pro rata share (determined as of the time that the applicable unreimbursed expense or indemnity payment is sought based on each Lender’s share of the Total Credit Exposure at such time) of such unpaid amount (including any such unpaid amount in respect of a claim asserted by such Lender), such payment to be made severally among them based on such Lender’s Applicable Percentage (determined as of the time that the applicable unreimbursed expense or indemnity payment is sought), provided, further that, the unreimbursed expense or indemnified loss, claim, damage, liability or related expense, as the case may be, was incurred by or asserted against the Administrative Agent (or any such sub-agent), any L/C Issuer or the Swingline Lender in its capacity as such, or against any Related Party of any of the foregoing acting for the Administrative Agent (or any such sub-agent), any L/C Issuer or the Swingline Lender in connection with such capacity.  The obligations of the Lenders under this subsection (c) are subject to the provisions of Section 2.12(d).

  (d)	Waiver of Consequential Damages, Etc.  To the fullest extent permitted by applicable Law, no Loan Party shall assert, and each Loan Party hereby waives, and acknowledges that no other Person shall have, any claim against any Indemnitee, on any theory of liability, for special, indirect, consequential or punitive damages (as opposed to direct or actual damages) arising out of, in connection with, or as a result of, this Agreement, any other Loan Document or any agreement or instrument contemplated hereby, the transactions contemplated hereby or thereby, any Loan or Letter of Credit or the use of the proceeds thereof.  No Indemnitee referred to in subsection (b) above shall be liable for any damages arising from the use by unintended recipients of any information or other materials distributed to such unintended recipients by such Indemnitee through telecommunications, electronic or other information transmission systems in connection with this Agreement or the other Loan Documents or the transactions contemplated hereby or thereby.

  (e)	Payments.  All amounts due under this Section shall be payable not later than ten (10) Business Days after demand therefor.

  (f)	Survival.  The agreements in this Section and the indemnity provisions of Section 10.02(e) shall survive the resignation of the Administrative Agent, any L/C Issuer and the Swingline Lender, the replacement of any Lender, the termination of the aggregate Revolving Commitments and the repayment, satisfaction or discharge of all the other Obligations.

  10.05	Payments Set Aside.

  To the extent that any payment by or on behalf of any Borrower is made to the Administrative Agent, any L/C Issuer or any Lender, or the Administrative Agent, any L/C Issuer or any Lender exercises its right of setoff, and such payment or the proceeds of such setoff or any part thereof is subsequently invalidated, declared to be fraudulent or preferential, set aside or required (including pursuant to any settlement entered into by the Administrative Agent, such L/C Issuer or such Lender in its discretion) to be repaid to a trustee, receiver or any other party, in 

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  connection with any proceeding under any Debtor Relief Law or otherwise, then (a) to the extent of such recovery, the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such setoff had not occurred, and (b) each Lender and each L/C Issuer severally agrees to pay to the Administrative Agent upon demand its applicable share (without duplication) of any amount so recovered from or repaid by the Administrative Agent, plus interest thereon from the date of such demand to the date such payment is made at a rate per annum equal to the applicable Overnight Rate from time to time in effect, in the applicable currency of such recovery or payment.  The obligations of the Lenders and the L/C Issuers under clause (b) of the preceding sentence shall survive the payment in full of the Obligations and the termination of this Agreement.

  10.06	Successors and Assigns.

  (a)	Successors and Assigns Generally.  The provisions of this Agreement and the other Loan Documents shall be binding upon and inure to the benefit of the parties hereto and thereto and their respective successors and assigns permitted hereby, except no Borrower nor any other Loan Party may assign or otherwise transfer any of its rights or obligations hereunder without the prior written consent of the Administrative Agent and each Lender and no Lender may assign or otherwise transfer any of its rights or obligations hereunder except (i) to an assignee in accordance with the provisions of subsection (b) of this Section, (ii) by way of participation in accordance with the provisions of subsection (d) of this Section, or (iii) by way of pledge or assignment of a security interest subject to the restrictions of subsection (e) of this Section  (and any other attempted assignment or transfer by any party hereto shall be null and void).  Nothing in this Agreement, expressed or implied, shall be construed to confer upon any Person (other than the parties hereto, their respective successors and assigns permitted hereby, Participants to the extent provided in subsection (d) of this Section and, to the extent expressly contemplated hereby, the Related Parties of each of the Administrative Agent, the L/C Issuers and the Lenders) any legal or equitable right, remedy or claim under or by reason of this Agreement.

  (b)	Assignments by Lenders.  Any Lender may at any time assign to one or more assignees all or a portion of its rights and obligations under this Agreement and the other Loan Documents (including all or a portion of its Revolving Commitment(s) and the Loans (including for purposes of this subsection (b), participations in L/C Obligations and in Swingline Loans) at the time owing to it); provided that (in each case with respect to any Facility) any such assignment shall be subject to the following conditions:

  (i)	Minimum Amounts.

  (A)	in the case of an assignment of the entire remaining amount of the assigning Lender’s Revolving Commitment under the Revolving Facility and/or the Loans at the time owing to it (in each case with respect to any Facility) or contemporaneous assignments to related Approved Funds (determined after giving effect to such Assignments) that equal at least the amount specified in paragraph (b)(i)(B) of this Section in the aggregate or in the case of an assignment to a Lender, an Affiliate of a Lender or an Approved Fund, no minimum amount need be assigned; and

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  (B)	in any case not described in subsection (b)(i)(A) of this Section, the aggregate amount of the Revolving Commitment (which for this purpose includes Loans outstanding thereunder) or, if the Revolving Commitment is not then in effect, the principal outstanding balance of the Loans of the assigning Lender subject to each such assignment, determined as of the date the Assignment and Assumption with respect to such assignment is delivered to the Administrative Agent or, if “Trade Date” is specified in the Assignment and Assumption, as of the Trade Date, shall not be less than $15,000,000, in the case of any assignment in respect of the Revolving Facility, or $5,000,000, in the case of any assignment in respect of the Term Facility, unless each of the Administrative Agent and, so long as no Event of Default has occurred and is continuing, each Borrower otherwise consents (each such consent not to be unreasonably withheld or delayed).

  (ii)	Proportionate Amounts.  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 and the other Loan Documents with respect to the Loans and/or the Revolving Commitment assigned, except that this clause (ii) shall not (A) apply to the Swingline Lender’s rights and obligations in respect of Swingline Loans (or (B) prohibit any Lender from assigning all or a portion of its rights and obligations among separate Facilities on a non-pro rata basis.

  (iii)	Required Consents.  No consent shall be required for any assignment except to the extent required by subsection (b)(i)(B) of this Section and, in addition:

  (A)	the consent of the Company (such consent not to be unreasonably withheld or delayed) shall be required unless (1) an Event of Default has occurred and is continuing at the time of such assignment or (2) such assignment is to a Lender, an Affiliate of a Lender or an Approved Fund; provided that the Company shall be deemed to have consented to any such assignment unless it shall object thereto by written notice to the Administrative Agent within five (5) Business Days after having received notice thereof; and provided, further, that the Company’s consent shall not be required during the primary syndication of the Facilities;

  (B)	the consent of the Administrative Agent (such consent not to be unreasonably withheld or delayed) shall be required for assignments in respect of (1) any Revolving Commitment if such assignment is to a Person that is not a Lender with a Revolving Commitment, an Affiliate of such Lender or an Approved Fund with respect to such Lender or (2) any Term Loan to a Person that is not a Lender, an Affiliate of a Lender or an Approved Fund; and

  (C)	the consent of each L/C Issuer and the Swingline Lender shall be required for any assignment in respect of the Revolving Facility.

  (iv)	Assignment and Assumption.  The parties to each assignment shall execute and deliver to the Administrative Agent an Assignment and Assumption, together with a processing and recordation fee in the amount of $3,500; provided, however, that the Administrative Agent may, in its sole discretion, elect to waive such processing and 

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  recordation fee in the case of any assignment.  The assignee, if it is not a Lender, shall deliver to the Administrative Agent an Administrative Questionnaire.

  (v)	No Assignment to Certain Persons.  No such assignment shall be made (A) to any Borrower or any Borrower’s Affiliate or Subsidiary, (B) to any Defaulting Lender or any of its Subsidiaries, or any Person who, upon becoming a Lender hereunder, would constitute any of the foregoing Persons described in this clause (B), (C) 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 (D) any holder of Subordinated Debt.

  (vi)	Certain Additional Payments.  In connection with any assignment of rights and obligations of any Defaulting Lender hereunder, no such assignment shall be effective unless and until, in addition to the other conditions thereto set forth herein, the parties to the assignment shall make such additional payments to the Administrative Agent in an aggregate amount sufficient, upon distribution thereof as appropriate (which may be outright payment, purchases by the assignee of participations or subparticipations, or other compensating actions, including funding, with the consent of the Company and the Administrative Agent, the applicable pro rata share of Loans previously requested but not funded by the Defaulting Lender, to each of which the applicable assignee and assignor hereby irrevocably consent), to (A) pay and satisfy in full all payment liabilities then owed by such Defaulting Lender to the Administrative Agent, any L/C Issuer or any Lender hereunder (and interest accrued thereon) and (B) acquire (and fund as appropriate) its full pro rata share of all Loans and participations in Letters of Credit and Swingline Loans in accordance with its Applicable Percentage.  Notwithstanding the foregoing, in the event that any assignment of rights and obligations of any Defaulting Lender hereunder shall become effective under applicable Law without compliance with the provisions of this paragraph, then the assignee of such interest shall be deemed to be a Defaulting Lender for all purposes of this Agreement until such compliance occurs.

  Subject to acceptance and recording thereof by the Administrative Agent pursuant to subsection (c) of this Section, from and after the effective date specified in each Assignment and Assumption, the assignee thereunder shall be a party to this Agreement and, 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 3.01, 3.04, 3.05 and 10.04 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.  Upon request, the Borrowers (at their expense) shall execute and deliver Notes to the assignee Lender.  Any assignment or transfer by a Lender of rights or obligations under this Agreement that does not comply with this subsection shall be treated for purposes of this Agreement as a sale by such Lender of a participation in such rights and obligations in accordance with subsection (d) of this Section.

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  (c)	Register.  The Administrative Agent, acting solely for this purpose as a non-fiduciary agent of the Borrowers (and such agency being solely for Tax purposes), shall maintain at the Administrative Agent’s Office a copy of each Assignment and Assumption delivered to it (or the equivalent thereof in electronic form) and a register for the recordation of the names and addresses of the Lenders, and the Revolving Commitments of, and principal amounts (and stated interest) of the Loans and L/C Obligations owing to, each Lender pursuant to the terms hereof from time to time (the “Register”).  The entries in the Register shall be conclusive, absent manifest error, and the Borrowers, the Administrative Agent and the Lenders shall treat each Person whose name is recorded in the Register pursuant to the terms hereof as a Lender hereunder for all purposes of this Agreement.  The Register shall be available for inspection by the Company and any Lender, at any reasonable time and from time to time upon reasonable prior notice.

  (d)	Participations.  Any Lender may at any time, without the consent of, or notice to, the Borrowers or the Administrative Agent, sell participations to any Person (other than a natural Person, or a holding company, investment vehicle or trust for, or owned and operated for the primary benefit of a natural Person, a Defaulting Lender or any Borrower or any of such Borrower’s Affiliates or Subsidiaries) (each, a “Participant”) in all or a portion of such Lender’s rights and/or obligations under this Agreement (including all or a portion of its Revolving Commitment and/or the Loans (including such Lender’s participations in L/C Obligations and/or Swingline Loans) owing to it); provided that (i) such Lender’s obligations under this Agreement shall remain unchanged, (ii) such Lender shall remain solely responsible to the other parties hereto for the performance of such obligations and (iii) the Borrowers, the Administrative Agent, the Lenders and the L/C Issuers shall continue to deal solely and directly with such Lender in connection with such Lender’s rights and obligations under this Agreement.  For the avoidance of doubt, each Lender shall be responsible for the indemnity under Section 10.04(c) without regard to the existence of any participations.

  Any agreement or instrument pursuant to which a Lender sells such a participation shall provide that such Lender shall retain the sole right to enforce this Agreement and to approve any amendment, modification or waiver of any provision of this Agreement; provided that such agreement or instrument may provide that such Lender will not, without the consent of the Participant, agree to any amendment, waiver or other modification described in the first proviso to Section 10.01 that affects such Participant.  Each Borrower agrees that each Participant shall be entitled to the benefits of Sections 3.01, 3.04 and 3.05 (subject to the requirements and limitations therein, including the requirements under Section 3.01(e) (it being understood that the documentation required under Section 3.01(e) shall be delivered to the Lender who sells the participation)) to the same extent as if it were a Lender and had acquired its interest by assignment pursuant to paragraph (b) of this Section; provided that such Participant (A) agrees to be subject to the provisions of Sections 3.06 and 10.13 as if it were an assignee under paragraph (b) of this Section and (B) shall not be entitled to receive any greater payment under Sections 3.01 or 3.04, with respect to any participation, than the Lender from whom it acquired the applicable participation would have been entitled to receive, except to the extent such entitlement to receive a greater payment results from a Change in Law that occurs after the Participant acquired the applicable participation.  Each Lender that sells a participation agrees, at the Company’s request and expense, to use reasonable efforts to cooperate with the Borrowers to effectuate the provisions of Section 3.06 with respect to any Participant. To the extent permitted by law, each Participant also shall be entitled to the benefits of Section 10.08 as though it were a Lender; provided that 

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  such Participant agrees to be subject to Section 2.13 as though it were a Lender.  Each Lender that sells a participation shall, acting solely for this purpose as a non-fiduciary agent of the Borrowers, 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 (the “Participant Register”); provided that no Lender shall have any obligation to disclose all or any portion of the Participant Register (including the identity of any Participant or any information relating to a Participant’s interest in any commitments, loans, letters of credit or its other obligations under any Loan Document) to any Person except to the extent that such disclosure is necessary to establish that such commitment, loan, letter of credit or other obligation is in registered form under Section 5f.103-1(c) of the United States Treasury Regulations.  The entries in the Participant Register shall be conclusive absent manifest error, and such Lender shall treat each Person whose name is recorded in the Participant Register as the owner of such participation for all purposes of this Agreement notwithstanding any notice to the contrary.  For the avoidance of doubt, the Administrative Agent (in its capacity as Administrative Agent) shall have no responsibility for maintaining a Participant Register.

  (e)	Certain Pledges.  Any Lender may at any time pledge or assign a security interest in all or any portion of its rights under this Agreement (including under its Note or Notes, if any) to secure obligations of such Lender, including any pledge or assignment to secure obligations to a Federal Reserve Bank or other applicable central bank; provided that no such pledge or assignment shall release such Lender from any of its obligations hereunder or substitute any such pledgee or assignee for such Lender as a party hereto.

  (f)	Resignation as L/C Issuer or Swingline Lender after Assignment.  Notwithstanding anything to the contrary contained herein, if at any time Bank of America assigns all of its Revolving Commitment and Revolving Loans pursuant to subsection (b) above, Bank of America may, (i) upon 30 days’ notice to the Company and the Lenders, resign as an L/C Issuer and/or (ii) upon 30 days’ notice to the Borrowers, resign as Swingline Lender.  In the event of any such resignation as an L/C Issuer or Swingline Lender, the Company shall be entitled to appoint from among the Lenders a successor L/C Issuer or Swingline Lender hereunder; provided, however, that no failure by the Company to appoint any such successor shall affect the resignation of Bank of America as an L/C Issuer or Swingline Lender, as the case may be.  If Bank of America resigns as an L/C Issuer, it shall retain all the rights, powers, privileges and duties of the an L/C Issuer hereunder with respect to all Letters of Credit outstanding as of the effective date of its resignation as L/C Issuer and all L/C Obligations with respect thereto (including the right to require the Lenders to make Base Rate Loans or fund risk participations in Unreimbursed Amounts pursuant to Section 2.03(c)).  If Bank of America resigns as Swingline Lender, it shall retain all the rights of the Swingline Lender provided for hereunder with respect to Swingline Loans made by it and outstanding as of the effective date of such resignation, including the right to require the Lenders to make Base Rate Loans or fund risk participations in outstanding Swingline Loans pursuant to Section 2.04(c).  Upon the appointment of a successor L/C Issuer and/or Swingline Lender, (A) such successor shall succeed to and become vested with all of the rights, powers, privileges and duties of the retiring L/C Issuer or Swingline Lender, as the case may be, and (B) the successor L/C Issuer shall issue letters of credit in substitution for the Letters of Credit, if any, outstanding at the time of such succession or make other arrangements satisfactory to Bank of America to effectively assume the obligations of Bank of America with respect to such Letters of Credit.

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  10.07	Treatment of Certain Information; Confidentiality.

  (a)	Treatment of Certain Information.  Each of the Administrative Agent, the Lenders and the L/C Issuers agrees to maintain the confidentiality of the Information (as defined below), except that Information may be disclosed (i) to its Affiliates, its auditors and its Related Parties (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), (ii) to the extent required or requested by any regulatory authority purporting to have jurisdiction over such Person or its Related Parties (including any self-regulatory authority, such as the National Association of Insurance Commissioners), (iii) to the extent required by applicable Laws or regulations or by any subpoena or similar legal process, (iv) to any other party hereto, (v) 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, (vi) subject to an agreement containing provisions substantially the same as those of this Section, to (A) any assignee of or Participant in, or any prospective assignee of or Participant in, any of its rights and obligations under this Agreement or any Eligible Assignee invited to be a Lender pursuant to Section 2.17 or 2.18 or (B) any actual or prospective party (or its Related Parties) to any swap, derivative or other transaction under which payments are to be made by reference to the Borrowers and their obligations, this Agreement or payments hereunder, (vii) on a confidential basis to (A) any rating agency in connection with rating the Company or its Subsidiaries or the credit facilities provided hereunder or (B) the provider of any Platform or other electronic delivery service used by the Administrative Agent, the L/C Issuers and/or the Swingline Lender to deliver Borrower Materials or notices to the Lenders or (C) the CUSIP Service Bureau or any similar agency in connection with the issuance and monitoring of CUSIP numbers or other market identifiers with respect to the credit facilities provided hereunder or (D) credit insurance providers which have been informed as to the confidential nature of such information, so long as such credit insurance providers agree in writing to be bound by the requirements of this Section 10.07, or (viii) with the consent of the Company or to the extent such Information (1) becomes publicly available other than as a result of a breach of this Section or (2) becomes available to the Administrative Agent, any Lender, any L/C Issuer or any of their respective Affiliates on a nonconfidential basis from a source other than the Borrowers.  For purposes of this Section, “Information” means all information received from the Company or any Subsidiary relating to the Company or any Subsidiary or any of their respective businesses, other than any such information that is available to the Administrative Agent, any Lender or any L/C Issuer on a nonconfidential basis prior to disclosure by the Company or any Subsidiary, provided that, in the case of information received from the Company or any Subsidiary after the date hereof, 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.  In addition, the Administrative Agent and the Lenders may disclose the existence of this Agreement and information about this Agreement to market data collectors, similar service providers to the lending industry and service providers to the Agents and the Lenders in connection with the administration of this Agreement, the other Loan Documents and the Revolving Commitments.

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  (b)	Non-Public Information.  Each of the Administrative Agent, the Lenders and the L/C Issuers acknowledges that (i) the Information may include material non-public information concerning a Loan Party or a Subsidiary, as the case may be, (ii) it has developed compliance procedures regarding the use of material non-public information and (iii) it will handle such material non-public information in accordance with applicable Law, including United States federal and state securities Laws.

  (c)	Press Releases.  The Loan Parties and their Affiliates agree that they will not in the future issue any press releases or other public disclosure using the name of the Administrative Agent or any Lender or their respective Affiliates or referring to this Agreement or any of the Loan Documents without the prior written consent of the Administrative Agent, unless (and only to the extent that) the Loan Parties or such Affiliate is required to do so under law and then, in any event the Loan Parties or such Affiliate will consult with such Person before issuing such press release or other public disclosure.

  (d)	Customary Advertising Material.  The Loan Parties consent to the publication by the Administrative Agent or any Lender of customary advertising material relating to the transactions contemplated hereby using the name, product photographs, logo or trademark of the Loan Parties.

  10.08	Right of Setoff.

  If an Event of Default shall have occurred and be continuing, each Lender, each L/C Issuer and each of their respective Affiliates is hereby authorized at any time and from time to time, to the fullest extent permitted by applicable Law, to set off and apply any and all deposits (general or special, time or demand, provisional or final, in whatever currency) at any time held and other obligations (in whatever currency) at any time owing by such Lender, such L/C Issuer or any such Affiliate to or for the credit or the account of any Borrower or any other Loan Party against any and all of the obligations of such Borrower or such Loan Party now or hereafter existing under this Agreement or any other Loan Document to such Lender or such L/C Issuer or their respective Affiliates, irrespective of whether or not such Lender, such L/C Issuer or Affiliate shall have made any demand under this Agreement or any other Loan Document and although such obligations of such Borrower or such Loan Party may be contingent or unmatured, secured or unsecured, or are owed to a branch, office or Affiliate of such Lender or such L/C Issuer different from the branch, office or Affiliate holding such deposit or obligated on such indebtedness; provided that in the event that any Defaulting Lender shall exercise any such right of setoff, (a) all amounts so set off shall be paid over immediately to the Administrative Agent for further application in accordance with the provisions of Section 2.15 and, pending such payment, shall be segregated by such Defaulting Lender from its other funds and deemed held in trust for the benefit of the Administrative Agent, the L/C Issuers and the Lenders, and (b) the Defaulting Lender shall provide promptly to the Administrative Agent a statement describing in reasonable detail the Secured Obligations owing to such Defaulting Lender as to which it exercised such right of setoff.  The rights of each Lender, each L/C Issuer and their respective Affiliates under this Section are in addition to other rights and remedies (including other rights of setoff) that such Lender, such L/C Issuer or their respective Affiliates may have.  Each Lender and each L/C Issuer agrees to notify the Company and the Administrative Agent promptly after any such setoff and application, 

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  provided that the failure to give such notice shall not affect the validity of such setoff and application.  

  10.09	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 the Administrative Agent or any Lender shall receive interest in an amount that exceeds the Maximum Rate, the excess interest shall be applied to the principal of the Loans or, if it exceeds such unpaid principal, refunded to the Company.  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.

  10.10	Counterparts; Integration; Effectiveness.

  This Agreement and each of the other Loan Documents may be executed in counterparts (and by different parties hereto in different counterparts), each of which shall constitute an original, but all of which when taken together shall constitute a single contract.  This Agreement, the other Loan Documents, and any separate letter agreements with respect to fees payable to the Administrative Agent or any L/C Issuer, constitute the entire contract among the parties relating to the subject matter hereof and supersede any and all previous agreements and understandings, oral or written, relating to the subject matter hereof.  Except as provided in Section 4.01, this Agreement shall become effective when it shall have been executed by the Administrative Agent and when the Administrative Agent shall have received counterparts hereof that, when taken together, bear the signatures of each of the other parties hereto.  Delivery of an executed counterpart of a signature page of this Agreement or any other Loan Document, or any certificate delivered thereunder, by fax transmission or e-mail transmission (e.g. “pdf” or “tif”) shall be effective as delivery of a manually executed counterpart of this Agreement or such other Loan Document or certificate.  Without limiting the foregoing, to the extent a manually executed counterpart is not specifically required to be delivered under the terms of any Loan Document, upon the request of any party, such fax transmission or e-mail transmission shall be promptly followed by such manually executed counterpart.

  10.11	Survival of Representations and Warranties.

  All representations and warranties made hereunder and in any other Loan Document or other document delivered pursuant hereto or thereto or in connection herewith or therewith shall survive the execution and delivery hereof and thereof.  Such representations and warranties have been or will be relied upon by the Administrative Agent and each Lender, regardless of any investigation made by the Administrative Agent or any Lender or on their behalf and notwithstanding that the Administrative Agent or any Lender may have had notice or knowledge of any Default at the time of any Credit Extension, and shall continue in full force and effect as 

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  long as any Loan or any other Obligation hereunder shall remain unpaid or unsatisfied or any Letter of Credit shall remain outstanding.

  10.12	Severability.

  If any provision of this Agreement or the other Loan Documents is held to be illegal, invalid or unenforceable, (a) the legality, validity and enforceability of the remaining provisions of this Agreement and the other Loan Documents shall not be affected or impaired thereby and (b) the parties shall endeavor in good faith negotiations to replace the illegal, invalid or unenforceable provisions with valid provisions the economic effect of which comes as close as possible to that of the illegal, invalid or unenforceable provisions.  The invalidity of a provision in a particular jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction.  Without limiting the foregoing provisions of this Section, if and to the extent that the enforceability of any provisions in this Agreement relating to Defaulting Lenders shall be limited by Debtor Relief Laws, as determined in good faith by the Administrative Agent, the L/C Issuers or the Swingline Lender, as applicable, then such provisions shall be deemed to be in effect only to the extent not so limited.

  10.13	Replacement of Lenders.

  If the Company is entitled to replace a Lender pursuant to the provisions of Section 3.06, or if any Lender is a Defaulting Lender or a Non-Consenting Lender or if any other circumstance exists hereunder that gives the Company the right to replace a Lender as a party hereto, then the Company may, at its sole expense and effort, upon notice to such Lender and the Administrative Agent, require such Lender to assign and delegate, without recourse (in accordance with and subject to the restrictions contained in, and consents required by, Section 10.06), all of its interests, rights (other than its existing rights to payments pursuant to Sections 3.01 and 3.04) and obligations under this Agreement and the related Loan Documents to an Eligible Assignee that shall assume such obligations (which assignee may be another Lender, if a Lender accepts such assignment), provided that:

  (a)	the Company shall have paid (or caused a Designated Borrower to pay) to the Administrative Agent the assignment fee (if any) specified in Section 10.06(b);

  (b)	such Lender shall have received payment of an amount equal to 100% of the outstanding principal of its Loans and L/C Advances, accrued interest thereon, accrued fees and all other amounts payable to it hereunder and under the other Loan Documents (including any amounts under Section 3.05) from the assignee (to the extent of such outstanding principal and accrued interest and fees) or the Company or applicable Designated Borrower (in the case of all other amounts);

  (c)	in the case of any such assignment resulting from a claim for compensation under Section 3.04 or payments required to be made pursuant to Section 3.01, such assignment will result in a reduction in such compensation or payments thereafter;

  (d)	such assignment does not conflict with applicable Laws; and

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  (e)	in the case of an assignment resulting from a Lender becoming a Non-Consenting Lender, the applicable assignee shall have consented to the applicable amendment, waiver or consent.

  A Lender shall not be required to make any such assignment or delegation if, prior thereto, as a result of a waiver by such Lender or otherwise, the circumstances entitling the Company to require such assignment and delegation cease to apply.

  10.14	Governing Law; Jurisdiction; Etc.

  (a)	GOVERNING LAW.  THIS AGREEMENT AND THE OTHER LOAN DOCUMENTS (EXCEPT, AS TO ANY OTHER LOAN DOCUMENT, AS EXPRESSLY SET FORTH THEREIN) AND ANY CLAIMS, CONTROVERSY, DISPUTE OR CAUSE OF ACTION (WHETHER IN CONTRACT OR TORT OR OTHERWISE) BASED UPON, ARISING OUT OF OR RELATING TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT (EXCEPT, AS TO ANY OTHER LOAN DOCUMENT, AS EXPRESSLY SET FORTH THEREIN) AND THE TRANSACTIONS CONTEMPLATED HEREBY AND THEREBY SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK.

  (b)	SUBMISSION TO JURISDICTION.  EACH BORROWER AND EACH OTHER LOAN PARTY IRREVOCABLY AND UNCONDITIONALLY AGREES THAT IT WILL NOT COMMENCE ANY ACTION, LITIGATION OR PROCEEDING OF ANY KIND OR DESCRIPTION, WHETHER IN LAW OR EQUITY, WHETHER IN CONTRACT OR IN TORT OR OTHERWISE, AGAINST THE ADMINISTRATIVE AGENT, ANY LENDER, ANY L/C ISSUER, OR ANY RELATED PARTY OF THE FOREGOING IN ANY WAY RELATING TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT OR THE TRANSACTIONS RELATING HERETO OR THERETO, IN ANY FORUM OTHER THAN THE COURTS 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, AND EACH OF THE PARTIES HERETO IRREVOCABLY AND UNCONDITIONALLY SUBMITS TO THE JURISDICTION OF SUCH COURTS AND AGREES THAT ALL CLAIMS IN RESPECT OF ANY SUCH ACTION, LITIGATION OR PROCEEDING MAY BE HEARD AND DETERMINED IN SUCH NEW YORK STATE COURT OR, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, IN SUCH FEDERAL COURT.  EACH OF THE PARTIES HERETO AGREES THAT A FINAL JUDGMENT IN ANY SUCH ACTION, LITIGATION 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 IN ANY OTHER LOAN DOCUMENT SHALL AFFECT ANY RIGHT THAT THE ADMINISTRATIVE AGENT, ANY LENDER OR ANY L/C ISSUER MAY OTHERWISE HAVE TO BRING ANY ACTION OR PROCEEDING RELATING TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT AGAINST ANY BORROWER OR ANY OTHER LOAN PARTY OR ITS PROPERTIES IN THE COURTS OF ANY JURISDICTION.

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  (c)	WAIVER OF VENUE.  EACH BORROWER AND EACH OTHER LOAN PARTY IRREVOCABLY AND UNCONDITIONALLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY OBJECTION THAT IT MAY NOW OR HEREAFTER HAVE TO THE LAYING OF VENUE OF ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT IN ANY COURT REFERRED TO IN PARAGRAPH (B) OF THIS SECTION.  EACH BORROWER AND EACH OTHER LOAN PARTY IRREVOCABLY AND UNCONDITIONALLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, THE DEFENSE OF AN INCONVENIENT FORUM TO THE MAINTENANCE OF SUCH ACTION OR PROCEEDING IN ANY SUCH COURT.

  (d)	SERVICE OF PROCESS.  EACH PARTY HERETO IRREVOCABLY CONSENTS TO SERVICE OF PROCESS IN THE MANNER PROVIDED FOR NOTICES IN SECTION 10.02.  NOTHING IN THIS AGREEMENT WILL AFFECT THE RIGHT OF ANY PARTY HERETO TO SERVE PROCESS IN ANY OTHER MANNER PERMITTED BY APPLICABLE LAW.

  10.15	Waiver of Jury Trial.

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

  10.16	No Advisory or Fiduciary Responsibility.

  In connection with all aspects of each transaction contemplated hereby (including in connection with any amendment, waiver or other modification hereof or of any other Loan Document), each Borrower and each other Loan Party acknowledges and agrees, and acknowledges its Affiliates’ understanding, that:  (a) (i) the arranging and other services regarding this Agreement provided by the Administrative Agent and any Affiliate thereof, the Arrangers and the Lenders are arm’s-length commercial transactions between each Borrower, each other Loan Party and their respective Affiliates, on the one hand, and the Administrative Agent and, as applicable, its Affiliates and the Lenders and their Affiliates (collectively, solely for purposes of this Section, the “Lenders”), on the other hand, (ii) each of the Borrowers and the other Loan Parties has consulted its own legal, accounting, regulatory and tax advisors to the extent it has deemed appropriate, and (iii) each Borrower and each other Loan Party is capable of evaluating, and understands and accepts, the terms, risks and conditions of the transactions contemplated 

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  hereby and by the other Loan Documents; (b) (i) the Administrative Agent and its Affiliates and each Lender each is and has been acting solely as a principal and, except as expressly agreed in writing by the relevant parties, has not been, is not, and will not be acting as an advisor, agent or fiduciary, for any Borrower, any other Loan Party or any of their respective Affiliates, or any other Person and (ii) neither the Administrative Agent, any of its Affiliates nor any Lender has any obligation to any Borrower, any other Loan Party or any of their respective Affiliates with respect to the transactions contemplated hereby except those obligations expressly set forth herein and in the other Loan Documents; and (c) the Administrative Agent and its Affiliates and the Lenders may be engaged in a broad range of transactions that involve interests that differ from those of the Borrowers, the other Loan Parties and their respective Affiliates, and neither the Administrative Agent, any of its Affiliates nor any Lender has any obligation to disclose any of such interests to the Borrowers, any other Loan Party or any of their respective Affiliates.  To the fullest extent permitted by law, each of the Borrowers and each other Loan Party hereby waives and releases any claims that it may have against the Administrative Agent, any of its Affiliates or any Lender with respect to any breach or alleged breach of agency or fiduciary duty in connection with any aspect of any transactions contemplated hereby.

  10.17	Electronic Execution.

  This Agreement and any document, amendment, approval, consent, information, notice, certificate, request, statement, disclosure or authorization related to this Agreement (each a “Communication”), including Communications required to be in writing, may be in the form of an Electronic Record and may be executed using Electronic Signatures.  Each Borrower agrees that any Electronic Signature on or associated with any Communication shall be valid and binding on such Borrower to the same extent as a manual, original signature, and that any Communication entered into by Electronic Signature, will constitute the legal, valid and binding obligation of such Borrower enforceable against such in accordance with the terms thereof to the same extent as if a manually executed original signature was delivered.   Any Communication may be executed in as many counterparts as necessary or convenient, including both paper and electronic counterparts, but all such counterparts are one and the same Communication.  For the avoidance of doubt, the authorization under this paragraph may include, without limitation, use or acceptance by the Administrative Agent and each of the Secured Parties of a manually signed paper Communication which has been converted into electronic form (such as scanned into PDF format), or an electronically signed Communication converted into another format, for transmission, delivery and/or retention. The Administrative Agent and each of the Secured Parties may, at its option, create one or more copies of any Communication in the form of an imaged Electronic Record (“Electronic Copy”), which shall be deemed created in the ordinary course of the such Person’s business, and destroy the original paper document.  All Communications in the form of an Electronic Record, including an Electronic Copy, shall be considered an original for all purposes, and shall have the same legal effect, validity and enforceability as a paper record.  Notwithstanding anything contained herein to the contrary, the Administrative Agent is under no obligation to accept an Electronic Signature in any form or in any format unless expressly agreed to by the Administrative Agent pursuant to procedures approved by it; provided, further, without limiting the foregoing, (a) to the extent the Administrative Agent has agreed to accept such Electronic Signature, the Administrative Agent and each of the Secured Parties shall be entitled to rely on any such Electronic Signature purportedly given by or on behalf of any Loan Party without further verification and (b) upon the request of the Administrative Agent or any Lender, any Electronic 

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  Signature shall be promptly followed by such manually executed counterpart.  For purposes hereof, “Electronic Record” and “Electronic Signature” shall have the meanings assigned to them, respectively, by 15 USC §7006, as it may be amended from time to time.

  10.18	USA PATRIOT Act Notice.

  Each Lender that is subject to the Act (as hereinafter defined) and the Administrative Agent (for itself and not on behalf of any Lender) hereby notifies the Borrowers and the other Loan Parties that pursuant to the requirements of the USA PATRIOT Act (Title III of Pub. L. 107-56 (signed into law October 26, 2001)) (the “Act”), it is required to obtain, verify and record information that identifies each Loan Party, which information includes the name and address of each Loan Party and other information that will allow such Lender or the Administrative Agent, as applicable, to identify each Loan Party in accordance with the Act.  The Borrowers and the Loan Parties agree to, promptly following a request by the Administrative Agent or any Lender, provide all such other documentation and 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 Act.

  10.19	Keepwell.  

  Each Borrower that is a Qualified ECP Guarantor at the time the guaranty or the grant of the security interest under the Loan Documents, in each case, by any Specified Loan Party, becomes effective with respect to any Swap Obligation, hereby jointly and severally absolutely, unconditionally and irrevocably undertakes to provide such funds or other support to each Specified Loan Party with respect to such Swap Obligation as may be needed by such Specified Loan Party from time to time to honor all of its obligations under its guaranty and the other Loan Documents in respect of such Swap Obligation (but, in each case, only up to the maximum amount of such liability that can be hereby incurred without rendering such Qualified ECP Guarantor’s obligations and undertakings under this Section 10.19 voidable under applicable law relating to fraudulent conveyance or fraudulent transfer, and not for any greater amount). The obligations and undertakings of each Qualified ECP Guarantor under this Section shall remain in full force and effect until the Secured Obligations have been indefeasibly paid and performed in full.  Each Qualified ECP Guarantor intends this Section to constitute, and this Section shall be deemed to constitute, a guarantee of the obligations of, and a “keepwell, support, or other agreement” for the benefit of, each Specified Loan Party for all purposes of the Commodity Exchange Act.  

  10.20	Acknowledgement and Consent to Bail-In of Affected Financial Institutions.

  Notwithstanding anything to the contrary in any Loan Document or in any other agreement, arrangement or understanding among any such parties, each party hereto acknowledges that any liability of any Lender that is an Affected Financial Institution arising under any Loan Document, to the extent such liability is unsecured, may be subject to the write-down and conversion powers of the applicable Resolution Authority and agrees and consents to, and acknowledges and agrees to be bound by:

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  (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 Lender that is an Affected Financial Institution; and

  (b)	the effects of any Bail-In Action on any such liability, including, if applicable:

  (i)	a reduction in full or in part or cancellation of any such liability;

  (ii)	a conversion of all, or a portion of, such liability into shares or other instruments of ownership in such Affected Financial Institution, its parent undertaking, or a bridge institution that may be issued to it or otherwise conferred on it, and that such shares or other instruments of ownership will be accepted by it in lieu of any rights with respect to any such liability under this Agreement or any other Loan Document; or

  (iii)	the variation of the terms of such liability in connection with the exercise of the write-down and conversion powers of the applicable Resolution Authority.

  10.21	Judgment Currency.

  If, for the purposes of obtaining judgment in any court, it is necessary to convert a sum due hereunder or any other Loan Document in one currency into another currency, the rate of exchange used shall be that at which in accordance with normal banking procedures the Administrative Agent could purchase the first currency with such other currency on the Business Day preceding that on which final judgment is given.  The obligation of each Loan Party in respect of any such sum due from it to the Administrative Agent or any Lender hereunder or under the other Loan Documents shall, notwithstanding any judgment in a currency (the “Judgment Currency”) other than that in which such sum is denominated in accordance with the applicable provisions of this Agreement (the “Agreement Currency”), be discharged only to the extent that on the Business Day following receipt by the Administrative Agent or such Lender, as the case may be, of any sum adjudged to be so due in the Judgment Currency, the Administrative Agent or such Lender, as the case may be, may in accordance with normal banking procedures purchase the Agreement Currency with the Judgment Currency.  If the amount of the Agreement Currency so purchased is less than the sum originally due to the Administrative Agent or any Lender from any Loan Party in the Agreement Currency, such Loan Party agrees, as a separate obligation and notwithstanding any such judgment, to indemnify the Administrative Agent or such Lender, as the case may be, against such loss.  If the amount of the Agreement Currency so purchased is greater than the sum originally due to the Administrative Agent or any Lender in such currency, the Administrative Agent or such Lender, as the case may be, agrees to return the amount of any excess to such Loan Party (or to any other Person who may be entitled thereto under applicable law).

  10.22	 ENTIRE AGREEMENT.

  THIS AGREEMENT AND THE OTHER LOAN DOCUMENTS REPRESENT THE FINAL AGREEMENT AMONG THE PARTIES AND MAY NOT BE CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS, OR SUBSEQUENT ORAL AGREEMENTS OF THE PARTIES.  THERE ARE NO UNWRITTEN ORAL AGREEMENTS AMONG THE PARTIES.

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  10.23	Acknowledgement Regarding Any Supported QFCs.

  To the extent that the Loan Documents provide support, through a guarantee or otherwise, for any Swap Contract or any other agreement or instrument that is a QFC (such support, “QFC Credit Support”, and each such QFC, a “Supported QFC”), the parties acknowledge and agree as follows with respect to the resolution power of the Federal Deposit Insurance Corporation under the Federal Deposit Insurance Act and Title II of the Dodd-Frank Wall Street Reform and Consumer Protection Act (together with the regulations promulgated thereunder, the “U.S. Special Resolution Regimes”) in respect of such Supported QFC and QFC Credit Support (with the provisions below applicable notwithstanding that the Loan Documents and any Supported QFC may in fact be stated to be governed by the laws of the State of New York and/or of the United States or any other state of the United States): in the event a Covered Entity that is party to a Supported QFC (each, a “Covered Party”) becomes subject to a proceeding under a U.S. Special Resolution Regime, the transfer of such Supported QFC and the benefit of such QFC Credit Support (and any interest and obligation in or under such Supported QFC and such QFC Credit Support, and any rights in property securing such Supported QFC or such QFC Credit Support) from such Covered Party will be effective to the same extent as the transfer would be effective under the U.S. Special Resolution Regime if the Supported QFC and such QFC Credit Support (and any such interest, obligation and rights in property) were governed by the laws of the United States or a state of the United States.  In the event a Covered Party or a BHC Act Affiliate of a Covered Party becomes subject to a proceeding under a U.S. Special Resolution Regime, Default Rights under the Loan Documents that might otherwise apply to such Supported QFC or any QFC Credit Support that may be exercised against such Covered Party are permitted to be exercised to no greater extent than such Default Rights could be exercised under the U.S. Special Resolution Regime if the Supported QFC and the Loan Documents were governed by the laws of the United States or a state of the United States. Without limitation of the foregoing, it is understood and agreed that rights and remedies of the parties with respect to a Defaulting Lender shall in no event affect the rights of any Covered Party with respect to a Supported QFC or any QFC Credit Support.

  10.24	Amendment and Restatement; Exiting Lenders, Assignment and Reallocation.

  (a)	This Agreement amends and restates the Existing Credit Agreement in its entirety.  The Borrowers hereby agree that (i) all Indebtedness outstanding under the Existing Credit Agreement and the Loan Documents (as defined in the Existing Credit Agreement; together with the Existing Credit Agreement, the “Existing Loan Documents”) and all accrued and unpaid interest thereon and (ii) all accrued and unpaid fees and other obligations under the Existing Loan Documents, shall be deemed to be outstanding under and governed by this Agreement.  The parties hereto hereby acknowledge and agree that this Agreement is not intended to be, and shall not be deemed or construed to be, a novation or release of the Existing Credit Agreement or any other Existing Loan Document.  The outstanding Revolving Commitments (as defined in the Existing Credit Agreement) under the Existing Credit Agreement (the “Existing Commitments”) have been assigned, renewed, extended, modified, and rearranged as Revolving Commitments under and pursuant to the terms of this Agreement.  On and after the Closing Date, (i) all references to the Existing Credit Agreement (or to any amendment or any amendment and restatement thereof) in the Loan Documents (other than this Agreement) shall be deemed to refer to the Existing Credit Agreement, as amended and restated hereby (as it may be further amended, modified or restated), (ii) all references to any section (or subsection) of the Existing Credit Agreement or in any Loan 

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  Document (but not herein) shall be amended to become, mutatis mutandis, references to the corresponding provisions of this Agreement and (iii) except as the context otherwise provides, on or after the Closing Date, all references to this Agreement herein (including for purposes of indemnification and reimbursement of fees) shall be deemed to be references to the Existing Credit Agreement, as amended and restated hereby (as it may be further amended, modified or restated).  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, except as expressly provided herein or in any other Loan Document, all terms and conditions of the Loan Documents remain in full force and effect unless specifically amended hereby or by any other Loan Document. 

  (b)	The parties hereto acknowledge and agree that, effective as of the Closing Date, in order to accommodate and orderly effect the reallocations, adjustments, and assignments under this clause (b), all outstanding Loans (as defined in the Existing Credit Agreement) under the Existing Credit Agreement on the date hereof (the “Existing Loans”) are, and shall be deemed to be, continued as Loans under this Agreement on the Closing Date.  The outstanding Indebtedness under the Existing Credit Agreement shall be assigned, renewed, extended, modified, and rearranged as Obligations outstanding under and pursuant to the terms of this Agreement.  The Existing Lenders have agreed among themselves, in consultation with the Borrowers, to reallocate and adjust their Existing Commitments and to pay in full any Existing Obligations owing to any Existing Lenders, if any, which will not become a Lender hereunder (each an “Exiting Lender”) such that after giving effect to this Agreement, each Exiting Lender’s commitments to lend and obligations under the Existing Credit Agreement shall be terminated, and each Exiting Lender shall cease to be a Lender under the Loan Documents (other than in respect of any terms and conditions of the Existing Credit Agreement, which by their terms survive any cancellation of commitments, repayment in full of any obligations or the termination of any Existing Loan Document).  The Administrative Agent, the Borrowers, the Lenders, and each Exiting Lender (by receipt of the payment in full of the Existing Obligations owing to it) consent to such reallocation and adjustment and each Existing Lender’s assignment of an interest in its Existing Commitment and the Existing Loans owing to it.  On the Closing Date and after giving effect to such reallocations, adjustments, and assignments, the Revolving Commitment and Applicable Percentage of each Lender shall be as set forth on Schedule 1.01(b).  The Lenders shall make all appropriate adjustments and payments between and among themselves to account for the revised Applicable Percentages resulting from the reallocations and adjustments provided for by this clause (b) on the Closing Date.  The Borrower and each Existing Lender party hereto hereby agrees that this clause (b) shall be deemed approved assignments under the Existing Credit Agreement.  The Lenders that are Existing Lenders hereby waive any requirements for notice of prepayment of Loans (as defined in the Existing Credit Agreement) under the Existing Credit Agreement with respect to the payments, if any, made thereunder on the Closing Date. 

  [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK.]

   

   

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

  BORROWER:

   

  BENCHMARK ELECTRONICS, INC.

   

   

   

  By: /s/ Roop K. Lakkaraju

  Name: Roop K. Lakkaraju	

  Title: Chief Financial Officer 	

   

   

   

  Signature Page to Amended and Restated Credit Agreement

  

   

  BANK OF AMERICA, N.A., as Administrative Agent

   

   

   

  By: /s/ Gavin Shak

  Name: Gavin Shak 	

  Title: Assistant Vice President; Agency Management Officer 

   

   

  Signature Page to Amended and Restated Credit Agreement

  

   

  BANK OF AMERICA, N.A., as a Lender, an L/C Issuer and Swingline Lender

   

   

   

  By: /s/ Katherine Osele 

  Name: Katherine Osele	

  Title: Senior Vice President 	

   

   

  Signature Page to Amended and Restated Credit Agreement

  

   

  LENDERS:

   

  BANK OF THE WEST, as a Lender

   

   

   

  By: /s/ Scott Bruni

  Name: Scott Bruni

  Title: Director 

   

   

  Signature Page to Amended and Restated Credit Agreement

  

   

  LENDERS:

   

  TRUST BANK, as a Lender

   

   

   

  By: /s/ Carlos Cruz

  Name: Carlos Cruz 

  Title: Director 

   

   

  Signature Page to Amended and Restated Credit Agreement

  

   

  LENDERS:

   

  WELLS FARGO BANK, N.A., as a Lender

   

   

   

  By: /s/ Irena Milanovic

  Name: Irena Milanovic

  Title: Senior Vice President 

   

   

  Signature Page to Amended and Restated Credit Agreement

  

   

  LENDERS:

   

  PNC BANK, NATIONAL ASSOCIATION, as a Lender

   

   

   

  By: /s/ Jonas R. Berglund

  Name: Jonas R. Berglund

  Title: Senior Vice President 

   

   

  Signature Page to Amended and Restated Credit Agreement

  

   

  LENDERS:

   

  ING Bank N.V., Dublin Branch as a Lender

   

   

   

  By: /s/ Sean Hassett

  Name: Sean Hassett

  Title: Director

   

   

  By: /s/ Padraig Matthews

  Name: Padraig Matthews

  Title: Director

  Signature Page to Amended and Restated Credit Agreement

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