Document:

EX-10.6(d)

 Exhibit 10.6 (d) 

GRITSTONE ONCOLOGY, INC. 

2015 EQUITY INCENTIVE PLAN 

STOCK PURCHASE RIGHT GRANT NOTICE AND 

RESTRICTED STOCK PURCHASE AGREEMENT 

Pursuant to its 2015 Equity Incentive Plan (the “Plan”), Gritstone Oncology, Inc., a Delaware corporation (the
“Company”), hereby grants to the Purchaser listed below (“Purchaser”), the right to purchase the number of shares of the Company’s Common Stock set forth below (the “Shares”) at the purchase price set
forth below (the “Stock Purchase Right”). This Stock Purchase Right is subject to all of the terms and conditions set forth herein, in the Plan and in the certain Restricted Stock Purchase Agreement attached hereto as Exhibit
A (the “Restricted Stock Purchase Agreement”), each of which is incorporated herein by reference. Unless otherwise defined herein, the terms defined in the Plan shall have the same defined meanings in this Stock Purchase Right
Grant Notice (the “Grant Notice”) and the Restricted Stock Purchase Agreement. 
  

			
	Purchaser:	  	                                      
                                         
 
		
	Date of Grant:	  	                                      
                                         
 
		
	Vesting Start Date:	  	                                      
                                         
 
		
	Purchase Price per Share:	  	                                      
                                         
 
		
	Number of Shares:	  	                                      
                                         
 
		
	Vesting Schedule:	  	 The Shares subject to this Share Purchase Right shall vest and be released from the Company’s Repurchase Option, as set forth in the
Restricted Stock Purchase Agreement, according to the following schedule:
  
 25% of the
Shares shall be released from the Company’s Repurchase Option (as defined in the Restricted Stock Purchase Agreement) on the first anniversary of the Vesting Start Date and 1/48th of the
total number of Shares shall be released from the Company’s Repurchase Option thereafter so that 100% of the Shares shall be released from such Repurchase Option on the fourth (4th)
anniversary of the Vesting Start Date, subject to Purchaser remaining a Service Provider through each such vesting date.

		
	Termination Date:	  	This Stock Purchase Right shall terminate if not exercised prior to the thirty-first (31st) day following the Date of Grant set forth above.

 By his or her signature and the Company’s signature below, Purchaser agrees to be bound by the terms and conditions of
the Plan, the Restricted Stock Purchase Agreement and this Grant Notice. Purchaser has reviewed the Restricted Stock Purchase Agreement, the Plan and this Grant Notice in their entirety, has had an opportunity to obtain the advice of counsel prior
to executing this Grant Notice and fully understands the provisions of this Grant Notice, the Restricted Stock Purchase Agreement and the Plan. Purchaser hereby agrees to accept as binding, conclusive and final all decisions or interpretations of
the Administrator of the Plan upon any questions arising under the Plan, this Grant Notice or the Restricted Stock Purchase Agreement. If Purchaser is married, his or her spouse has signed the Consent of Spouse attached to this Grant Notice as
Exhibit D. 

			
	GRITSTONE ONCOLOGY, INC.:	  	PURCHASER:
		
	By:
                                         
                                       	  	By:
                                         
                                       
	Print Name:
                                         
                           	  	Print Name:
                                         
                         
	Title:
                                         
                                     	  	Title:
                                         
                                   
	Address:     	  	Address:
                                         
                             
		  	                                      
                                         
       

 SIGNATURE PAGE TO GRITSTONE ONCOLOGY, INC. 

STOCK PURCHASE RIGHT GRANT NOTICE 

 EXHIBIT A 

TO STOCK PURCHASE RIGHT GRANT NOTICE 

RESTRICTED STOCK PURCHASE AGREEMENT 

Pursuant to the Stock Purchase Right Grant Notice (the “Grant Notice”) to which this Restricted Stock Purchase Agreement
(this “Agreement”) is attached, Gritstone Oncology, Inc., a Delaware corporation (the “Company”) has granted to Purchaser (as defined in the Grant Notice) the right to purchase the number of shares of Restricted
Stock under the Gritstone Oncology, Inc. 2015 Equity Incentive Plan (the “Plan”) indicated in the Grant Notice. 
 1.
General. 
 (a) Defined Terms. Capitalized terms not specifically defined herein shall have the meanings specified in the Plan
and the Grant Notice. 
 (b) Incorporation of Terms of Plan. The Shares are subject to the terms and conditions of the Plan, which is
incorporated herein by reference. 
 2. Grant of Restricted Stock. 

(a) Grant of Restricted Stock. In consideration of Purchaser’s agreement to remain in the employ of the Company or its
Subsidiaries, if Purchaser is an Employee, or to continue to provide services to the Company or its Subsidiaries, if Purchaser is a Consultant, or to serve as a Director, if Purchaser is a Director, and for other good and valuable consideration,
effective as of the Date of Grant set forth in the Grant Notice (the “Grant Date”), the Company irrevocably grants to Purchaser the right to purchase the Shares at any time prior to the Termination Date set forth in
the Grant Notice, upon the terms and conditions set forth in the Plan and this Agreement. 
 (b) Purchase Price. The
purchase price of the Shares shall be as set forth in the Grant Notice, without commission or other charge (the “Purchase Price”). The Purchase Price shall be paid by cash or check. 

(c) Issuance of Shares. The issuance of the Shares under this Agreement shall occur at the principal office of the Company
simultaneously with the execution of this Agreement by the parties or on such other date as the Company and Purchaser shall agree (the “Issuance Date”). Subject to the provisions of Section 3 below, on the Issuance Date, the
Company shall issue the Shares (which shall be issued in Purchaser’s name). 
 (d) Conditions to Issuance of Stock Certificates.
The Shares, or any portion thereof, may be either previously authorized but unissued shares or issued shares which have then been reacquired by the Company. Such Shares shall be fully paid and nonassessable. The Company shall not be required to
issue or deliver any Shares prior to fulfillment of all of the following conditions: 

 (i) The admission of such Shares to listing on all stock exchanges on which the Company’s
Common Stock is then listed; and 
 (ii) The completion of any registration or other qualification of such shares under any state or federal
law or under rulings or regulations of the Securities and Exchange Commission or of any other governmental regulatory body, which the Administrator shall, in its absolute discretion, deem necessary or advisable; and 

(iii) The obtaining of any approval or other clearance from any state or federal governmental agency which the Administrator shall, in its
absolute discretion, determine to be necessary or advisable; and 
 (iv) The receipt by the Company of full payment for such Shares,
including payment of all amounts which, under federal, state or local tax law, the Company (or other employer corporation) is required to withhold upon issuance of such Shares; and 

(v) The lapse of such reasonable period of time following the Issuance Date as the Administrator may from time to time establish for reasons
of administrative convenience. 
 (e) Consideration to the Company. In consideration of the issuance of the Shares by the Company,
Purchaser agrees to render faithful and efficient services to the Company or any Subsidiary. Nothing in the Plan or this Agreement shall confer upon Purchaser any right to (a) continue in the employ of the Company or any Subsidiary or shall
interfere with or restrict in any way the rights of the Company and its Subsidiaries, which are hereby expressly reserved, to discharge Purchaser, if Purchaser is an Employee, or (b) continue to provide services to the Company or any Subsidiary
or shall interfere with or restrict in any way the rights of the Company or its Subsidiaries, which are hereby expressly reserved, to terminate the services of Purchaser, if Purchaser is a Consultant, at any time for any reason whatsoever, with or
without cause, except to the extent expressly provided otherwise in a written agreement between the Company and Purchaser. 
 3.
Repurchase Option. 
 (a) If Purchaser ceases to be a Service Provider for any reason, including for cause, death and Disability, the
Company or its assignee shall have the right and option to purchase from Purchaser, or Purchaser’s personal representative, as the case may be, all of Purchaser’s Unreleased Shares as of the date on which Purchaser ceases to be a Service
Provider at the purchase price paid by Purchaser for such Shares in connection with the Stock Purchase Rights (the “Repurchase Option”). 

(b) The Company may exercise its Repurchase Option by delivering, personally or by registered mail, to Purchaser (or his or her transferee or
legal representative, as the case may be), within ninety (90) days of the date on which Purchaser ceases to be a Service Provider, a notice in writing indicating the Company’s intention to exercise the Repurchase Option and setting forth a
date for closing not later than thirty (30) days from the mailing of such notice. The closing shall take place at the Company’s office. At the closing, the holder of the certificates for the Unreleased Shares being transferred shall
deliver the stock certificate or certificates evidencing the Unreleased Shares, and the Company shall deliver the purchase price therefor. 

 (c) At its option, the Company may elect to make payment for the Unreleased Shares to a bank
selected by the Company. The Company shall avail itself of this option by a notice in writing to Purchaser stating the name and address of the bank, date of closing, and waiving the closing at the Company’s office. 

(d) If the Company does not elect to exercise the Repurchase Option conferred above by giving the requisite notice within ninety (90) days
following the date on which Purchaser ceases to be a Service Provider, the Repurchase Option shall terminate. 
 (e) One hundred percent
(100%) of the Shares shall initially be subject to the Repurchase Option. The Shares shall be released from the Repurchase Option in accordance with the Vesting Schedule set forth in the Grant Notice until all Shares are released from the Repurchase
Option. Fractional Shares shall be rounded to the nearest whole share. 
 (f) Any Shares which from time to time have not yet been released
from the Company’s Repurchase Option pursuant to Section 3(e) above shall be referred to herein as “Unreleased Shares.” 

4. Transferability of the Shares; Escrow. 

(a) Purchaser hereby authorizes and directs the Secretary of the Company, or such other person designated by the Company from time to time, to
transfer the Unreleased Shares as to which the Repurchase Option has been exercised from Purchaser to the Company. 
 (b) To insure the
availability for delivery of Purchaser’s Unreleased Shares upon repurchase by the Company pursuant to the Repurchase Option under Section 3, Purchaser hereby appoints the Secretary, or any other person designated by the Company from time
to time as escrow agent, as its attorney-in-fact to sell, assign and transfer unto the Company, such Unreleased Shares, if any, repurchased by the Company pursuant to
the Repurchase Option and shall, upon execution of this Agreement, deliver and deposit with the Secretary of the Company, or such other person designated by the Company from time to time, the share certificate(s) representing the Unreleased Shares,
together with the stock assignment duly endorsed in blank, attached hereto as Exhibit B. The Unreleased Shares and stock assignment shall be held by the Secretary, or such other person designated by the Company from time to time, in escrow,
pursuant to the Joint Escrow Instructions of the Company and Purchaser attached as Exhibit C hereto, until the Company exercises its Repurchase Option as provided in Section 3, until such Unreleased Shares are vested,
or until such time as the Repurchase Option no longer is in effect. As a further condition to the Company’s obligations under this Agreement, the spouse of Purchaser, if any, shall execute and deliver to the Company the Consent of Spouse
attached hereto as Exhibit D. Upon vesting of the Unreleased Shares, the escrow agent shall promptly deliver to Purchaser the certificate or certificates representing such Shares in the escrow agent’s possession belonging to Purchaser,
and the escrow agent shall be discharged of all further obligations hereunder; provided, however, that the escrow agent shall nevertheless retain such certificate or certificates as escrow agent if so required pursuant to other restrictions imposed
pursuant to this Agreement. 
 (c) The Company, or its designee, shall not be liable for any act it may do or omit to do with respect to
holding the Shares in escrow and while acting in good faith and in the exercise of its judgment. 

 (d) Transfer or sale of the Shares is subject to restrictions on transfer imposed by
Section 5 of this Agreement and any applicable state and federal securities laws. Any transferee shall hold such Shares subject to all of the provisions hereof and shall acknowledge the same by signing a copy of this Agreement. Any transfer or
attempted transfer of any of the Shares not in accordance with the terms of this Agreement shall be void and the Company may enforce the terms of this Agreement by stop transfer instructions or similar actions by the Company and its agents or
designees. 
 5. Purchaser’s Rights to Transfer Shares. 

(a) Company’s Right of First Refusal. Before any Shares held by Purchaser or any permitted transferee (each, a
“Holder”) may be sold, pledged, assigned, hypothecated, transferred, or otherwise disposed of (each, a “Transfer”), the Company or its assignee(s) shall have a right of first refusal to purchase the Shares proposed
to be Transferred on the terms and conditions set forth in this Section 5 (the “Right of First Refusal”). 

(i)Notice of Proposed Transfer. In the event any Holder desires to Transfer any Shares, the Holder shall deliver to the Company a
written notice (the “Notice”) stating: (w) the Holder’s bona fide intention to sell or otherwise Transfer such Shares; (x) the name of each proposed purchaser or other transferee (“Proposed
Transferee”); (y) the number of Shares to be Transferred to each Proposed Transferee; and (z) the bona fide cash price or other consideration for which the Holder proposes to Transfer the Shares (the “Offered
Price”), and the Holder shall offer such Shares at the Offered Price to the Company or its assignee(s). 
 (ii)Exercise of Right
of First Refusal. Within thirty (30) days after receipt of the Notice, the Company and/or its assignee(s) may elect in writing to purchase all, but not less than all, of the Shares proposed to be Transferred to any one or more of the
Proposed Transferees. The purchase price shall be determined in accordance with Section 5(a)(iii) hereof. 
 (iii)Purchase
Price. The purchase price (“Repurchase Price”) for the Shares repurchased under this Section 5 shall be the Offered Price. If the Offered Price includes consideration other than cash, the cash equivalent value of the non-cash consideration shall be determined by the Board in good faith. 
 (iv)Payment. Payment of
the Repurchase Price shall be made, at the option of the Company or its assignee(s), in cash (by check), by cancellation of all or a portion of any outstanding indebtedness of the Holder to the Company (or, in the case of repurchase by an assignee,
to the assignee), or by any combination thereof within thirty (30) days after receipt of the Notice or in the manner and at the times mutually agreed to by the Company and the Holder. 

(v)Holder’s Right to Transfer. If all of the Shares proposed in the Notice to be Transferred are not purchased by the Company
and/or its assignee(s) as provided in this Section 5, then the Holder may sell or otherwise Transfer such Shares to that Proposed Transferee at the Offered Price or at a higher price, provided that such sale or other Transfer is consummated
within one hundred twenty (120) days after the date of the Notice and provided further that any such sale or other Transfer is effected in accordance with any applicable securities laws and the Proposed Transferee agrees in writing that the
provisions of this Section 5 and the Restricted Stock Purchase Agreement, if applicable, shall continue to apply to the Shares in the hands of such Proposed 

 
Transferee. If the Shares described in the Notice are not Transferred to the Proposed Transferee within such 120-day period, a new Notice shall be given to
the Company, and the Company and/or its assignees shall again be offered the Right of First Refusal as provided herein before any Shares held by the Holder may be sold or otherwise Transferred. 

(b) Exception for Certain Family Transfers. Anything to the contrary contained in this Section 5 notwithstanding, the Transfer of
any or all of the Shares during the Purchaser’s lifetime or upon the Purchaser’s death by will or intestacy to the Purchaser’s Immediate Family or a trust for the benefit of the Purchaser’s Immediate Family shall be exempt from
the Right of First Refusal. As used herein, “Immediate Family” shall mean spouse, lineal descendant or antecedent, father, mother, brother or sister or stepchild (whether or not adopted). In such case, the transferee or other
recipient shall receive and hold the Shares so Transferred subject to the provisions of this Agreement, and there shall be no further Transfer of such Shares except in accordance with the terms of this Section 5. 

(c) Termination of Right of First Refusal. The Right of First Refusal shall terminate as to all Shares upon a sale of Common Stock of
the Company to the general public pursuant to a registration statement filed with and declared effective by the Securities and Exchange Commission under the Securities Act of 1933, as amended (a “Public Offering”). 

6. Ownership, Voting Rights, Duties. This Agreement shall not affect in any way the ownership, voting rights or other rights or duties
of Purchaser, except as specifically provided herein. 
 7. Adjustment for Stock Split. All references to the number of Shares and the
purchase price of the Shares in this Agreement shall be appropriately adjusted to reflect any stock split, stock dividend or other change in the Shares which may be made by the Company after the date of this Agreement. 

8. Notices. Notices required hereunder shall be given in person or by registered mail to the address of Purchaser shown on the records
of the Company, and to the Company at its principal executive office. 
 9. Survival of Terms. This Agreement shall apply to and bind
Purchaser and the Company and their respective permitted assignees and transferees, heirs, legatees, executors, administrators and legal successors. 

 10. Section 83(b) Election for Unreleased Shares. Purchaser hereby acknowledges that he or
she has been informed that, with respect to the purchase of Unreleased Shares, that unless an election is filed by Purchaser with the Internal Revenue Service and, if necessary, the proper state taxing authorities, within thirty
(30) days of the purchase of the Shares, electing pursuant to Section 83(b) of the Code (and similar state tax provisions if applicable) to be taxed currently on any difference between the purchase price of the Shares and
their Fair Market Value on the date of purchase, there will be a recognition of taxable income to the Purchaser, measured by the excess, if any, of the fair market value of the Shares, at the time the Company’s Repurchase Option lapses over the
purchase price for the Shares. Purchaser represents that Purchaser has consulted any tax consultant(s) Purchaser deems advisable in connection with the purchase of the Shares or the filing of the Election under Section 83(b) and similar tax
provisions. 
 PURCHASER ACKNOWLEDGES THAT IT IS PURCHASER’S SOLE RESPONSIBILITY AND NOT THE COMPANY’S TO FILE TIMELY THE
ELECTION UNDER SECTION 83(b), EVEN IF PURCHASER REQUESTS THE COMPANY OR ITS REPRESENTATIVE TO MAKE THIS FILING ON PURCHASER’S BEHALF. 

11. Representations. Purchaser has reviewed with his or her own tax advisors the federal, state, local and foreign tax consequences of
this investment and the transactions contemplated by this Agreement. Purchaser is relying solely on such advisors and not on any statements or representations of the Company or any of its agents. Purchaser understands that Purchaser (and not the
Company) shall be responsible for his or her own tax liability that may arise as a result of this investment or the transactions contemplated by this Agreement. 

12. Restrictive Legends and Stop-Transfer Orders. 

(a) Any share certificate(s) evidencing the Shares issued hereunder shall be endorsed with the following legends and any other legends that may
be required by state or federal securities laws: 
 THE SHARES REPRESENTED BY THIS CERTIFICATE ARE SUBJECT TO A RIGHT OF REPURCHASE IN FAVOR
OF GRITSTONE ONCOLOGY, INC. (THE “COMPANY”) AND MAY BE TRANSFERRED ONLY IN ACCORDANCE WITH THE TERMS OF A RESTRICTED STOCK PURCHASE AGREEMENT BETWEEN THE COMPANY AND THE STOCKHOLDER, A COPY OF WHICH IS ON FILE WITH THE SECRETARY OF
THE COMPANY. 
 THE SECURITIES REPRESENTED BY THIS CERTIFICATE HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE
“SECURITIES ACT”), AND HAVE BEEN ACQUIRED FOR INVESTMENT AND NOT WITH A VIEW TO, OR IN CONNECTION WITH, THE SALE OR DISTRIBUTION THEREOF. NO SUCH SALE OR DISTRIBUTION MAY BE EFFECTED WITHOUT AN EFFECTIVE REGISTRATION STATEMENT
RELATED THERETO OR AN OPINION OF COUNSEL IN A FORM SATISFACTORY TO THE COMPANY THAT SUCH REGISTRATION IS NOT REQUIRED UNDER THE SECURITIES ACT. 

 (b) Purchaser agrees that, in order to ensure compliance with the restrictions referred to
herein, the Company may issue appropriate “stop transfer” instructions to its transfer agent, if any, and that, if the Company transfers its own securities, it may make appropriate notations to the same effect in its own records. 

(c) The Company shall not be required: (i) to transfer on its books any Shares that have been sold or otherwise transferred in violation
of any of the provisions of this Agreement, or (ii) to treat as owner of such Shares or to accord the right to vote or pay dividends to any purchaser or other transferee to whom such Shares shall have been so transferred. 

13. Titles. Titles are provided herein for convenience only and are not to serve as a basis for interpretation or construction of this
Agreement. 
 14. Conformity to Securities Laws. Purchaser acknowledges that the Plan is intended to conform to the extent necessary
with all provisions of the Securities Act and the Exchange Act and any and all regulations and rules promulgated by the Securities and Exchange Commission thereunder, and state securities laws and regulations. Notwithstanding anything herein to the
contrary, the Plan shall be administered, and the Shares are to be issued, only in such a manner as to conform to such laws, rules and regulations. To the extent permitted by applicable law, the Plan and this Agreement shall be deemed amended to the
extent necessary to conform to such laws, rules and regulations. Purchaser shall not transfer in any manner the Shares issued pursuant to this Agreement, without regard to whether such Shares are no longer subject to the Repurchase Option, unless
(i) the transfer is pursuant to an effective registration statement under the Securities Act, or the rules and regulations in effect thereunder or (ii) counsel for the Company shall have reasonably concluded that no such registration is
required because of the availability of an exemption from registration under the Securities Act. 
 15. Market Standoff Agreement.
Purchaser hereby agrees that if so requested by the Company or any representative of the underwriters (the “Managing Underwriter”) in connection with any registration of the offering of any securities of the Company under the
Securities Act, Purchaser shall not sell or otherwise transfer any Shares or other securities of the Company during the 180-day period (or such longer period as may be requested in writing by the Managing
Underwriter and agreed to in writing by the Company) (the “Market Standoff Period”) following the effective date of a registration statement of the Company filed under the Securities Act; provided, however, that such
restriction shall apply only to the first registration statement of the Company to become effective under the Securities Act that includes securities to be sold on behalf of the Company to the public in an underwritten public offering under the
Securities Act. The Company may impose stop-transfer instructions with respect to securities subject to the foregoing restrictions until the end of such Market Standoff Period and these restrictions shall be
binding on any transferee of such Shares. Notwithstanding the foregoing, the 180-day period may be extended for up to such number of additional days as is deemed necessary by the Company or the Managing
Underwriter to continue coverage by research analysts in accordance with NASD Rule 2711 or any successor rule. 
 16. Further
Instruments. Purchaser hereby agrees to execute such further instruments and to take such further action as may be reasonably necessary to carry out the purposes and intent of this Agreement including, without limitation, the Investment
Representation Statement, in the form attached to the Grant Notice as Exhibit E. 

 17. Governing Law; Severability. This Agreement shall be governed by and construed in
accordance with the laws of the State of California excluding that body of law pertaining to conflicts of law. Should any provision of this Agreement be determined by a court of law to be illegal or unenforceable, the other provisions shall
nevertheless remain effective and shall remain enforceable. 
 18. Rules Particular To Specific Countries. 

(a) Generally. Generally. Purchaser shall, if required by the Administrator, enter into an election with the Company or a Subsidiary (in
a form approved by the Company) under which any liability to the Company’s (or a Subsidiary’s) Tax Liability, including, but not limited to, National Insurance Contributions (“NICs”) and Fringe Benefit Tax
(“FBT”), is transferred to and met by Purchaser. For purposes of this Section 18, Tax Liability shall mean any and all liability under applicable non-U.S. laws, rules or regulations from
any income tax, the Company’s (or a Subsidiary’s) NICs, FBT or similar liability and the Optionee’s NICs, FBT or similar liability under non-U.S. laws that are attributable to: (A) the
grant of, or any other benefit derived by the Purchaser from the Shares; (B) the acquisition by Purchaser of the Shares; or (C) the disposal of any Shares acquired. 

(b) Tax Indemnity. Purchaser shall indemnify and keep indemnified the Company and any of its Subsidiaries from and against any Tax
Liability. 
 *     *     *     *     * 

 EXHIBIT B 

ASSIGNMENT SEPARATE FROM CERTIFICATE 

FOR VALUE RECEIVED I,
                        , hereby sell, assign and transfer unto
(                ) shares of the Common Stock of Gritstone Oncology, Inc. registered in my name on the
books of said corporation represented by Certificate No.          herewith and do hereby irrevocably constitute and appoint to transfer the said stock on the books of the
within named corporation with full power of substitution in the premises. 
 This Assignment Separate from Certificate may be used only in
accordance with the Restricted Stock Purchase Agreement between Gritstone Oncology, Inc. and the undersigned dated
                            ,         . 

Dated:
                                ,
             
  

	
	Signature:                                    
                            

 INSTRUCTIONS: Please do not fill in any blanks other than the signature line. The purpose of this assignment
is to enable the Company to exercise the Repurchase Option, as set forth in the Restricted Stock Purchase Agreement, without requiring additional signatures on the part of Purchaser. 

 EXHIBIT C 

JOINT ESCROW INSTRUCTIONS 

                       
 ,          
 Secretary 

Gritstone Oncology, Inc. 
 As Escrow Agent for
both Gritstone Oncology, Inc. (the “Company”) and the undersigned purchaser of stock of the Company (the “Purchaser”), you are hereby authorized and directed to hold the documents delivered to you pursuant to the
terms of that certain Restricted Stock Purchase Agreement (“Agreement”) between the Company and the undersigned, in accordance with the following instructions: 

1. In the event the Company or any entitled parties (referred to collectively for convenience herein as the “Company”)
exercises the Company’s Repurchase Option set forth in the Agreement, the Company shall give to Purchaser and you a written notice specifying the number of shares of stock to be purchased, the purchase price, and the time for a closing
hereunder at the principal office of the Company. Purchaser and the Company hereby irrevocably authorize and direct you to close the transaction contemplated by such notice in accordance with the terms of said notice. 

2. At the closing, you are directed (a) to date the stock assignments necessary for the transfer in question, (b) to fill in the
number of shares being transferred, and (c) to deliver the same, together with the certificate evidencing the shares of stock to be transferred, to the Company or its assignee, against the simultaneous delivery to you of the purchase price (by
cash, a check, or a combination thereof) for the number of shares of stock being purchased pursuant to the exercise of the Company’s Repurchase Option. 

3. Purchaser irrevocably authorizes the Company to deposit with you any certificates evidencing shares of stock to be held by you hereunder and
any additions and substitutions to said shares as defined in the Agreement. Purchaser does hereby irrevocably constitute and appoint you as Purchaser’s
attorney-in-fact and agent for the term of this escrow to execute, with respect to such securities, all documents necessary or appropriate to make such securities
negotiable and to complete any transaction herein contemplated, including but not limited to the filing with any applicable state blue sky authority of any required applications for consent to, or notice of transfer of, the securities. Subject to
the provisions of this paragraph 3 and to the terms of the Agreement, Purchaser shall exercise all rights and privileges of a stockholder of the Company while the stock is held by you. 

4. Upon written request of Purchaser, but no more than once per calendar year, unless the Company’s Repurchase Option has been exercised,
you will deliver to Purchaser a certificate or certificates representing the number of shares of stock as are not then subject to the Company’s Repurchase Option. Within one hundred twenty (120) days after Purchaser ceases to be a Service
Provider, you will deliver to Purchaser a certificate or certificates representing the aggregate number of shares held or issued pursuant to the Agreement and not purchased by the Company or any other entitled parties pursuant to exercise of the
Company’s Repurchase Option. 

 5. If at the time of termination of this escrow you should have in your possession any documents,
securities, or other property belonging to Purchaser, you shall deliver all of the same to Purchaser and shall be discharged of all further obligations hereunder. 

6. Your duties hereunder may be altered, amended, modified or revoked only by a writing signed by all of the parties hereto. 

7. You shall be obligated only for the performance of such duties as are specifically set forth herein and may rely and shall be protected in
relying or refraining from acting on any instrument reasonably believed by you to be genuine and to have been signed or presented by the proper party or parties. You shall not be personally liable for any act you may do or omit to do hereunder as
Escrow Agent or as attorney-in-fact for Purchaser while acting in good faith, and any act done or omitted by you pursuant to the advice of your own attorneys shall be
conclusive evidence of such good faith. 
 8. You are hereby expressly authorized to disregard any and all warnings given by any of the
parties hereto or by any other person or corporation, excepting only orders or process of courts of law and are hereby expressly authorized to comply with and obey orders, judgments or decrees of any court. In case you obey or comply with any such
order, judgment or decree, you shall not be liable to any of the parties hereto or to any other person, firm or corporation by reason of such compliance, notwithstanding any such order, judgment or decree being subsequently reversed, modified,
annulled, set aside, vacated or found to have been entered without jurisdiction. 
 9. You shall not be liable in any respect on account of
the identity, authorities or rights of the parties executing or delivering or purporting to execute or deliver the Agreement or any documents or papers deposited or called for hereunder. 

10. You shall not be liable for the expiration of any rights under any applicable state, federal or local statute of limitations or similar
statute or regulation with respect to these Joint Escrow Instructions or any documents deposited with you. 
 11. You shall be entitled to
employ such legal counsel and other experts as you may deem necessary properly to advise you in connection with your obligations hereunder, may rely upon the advice of such counsel, and may pay such counsel reasonable compensation therefor. 

12. Your responsibilities as Escrow Agent hereunder shall terminate if you shall cease to be an officer or agent of the Company or if you shall
resign by written notice to each party. In the event of any such termination, the Company shall appoint a successor Escrow Agent. 
 13. If
you reasonably require other or further instruments in connection with these Joint Escrow Instructions or obligations in respect hereto, the necessary parties hereto shall join in furnishing such instruments. 

  
 2 

 14. It is understood and agreed that should any dispute arise with respect to the delivery and/or
ownership or right of possession of the securities held by you hereunder, you are authorized and directed to retain in your possession without liability to anyone all or any part of said securities until such disputes shall have been settled either
by mutual written agreement of the parties concerned or by a final order, decree or judgment of a court of competent jurisdiction after the time for appeal has expired and no appeal has been perfected, but you shall be under no duty whatsoever to
institute or defend any such proceedings. 
 15. Any notice required or permitted hereunder shall be given in writing and shall be deemed
effectively given upon personal delivery or upon deposit in the United States Post Office, by registered or certified mail with postage and fees prepaid, addressed to each of the other parties thereunto entitled at such addresses as a party may
designate by written notice to each of the other parties hereto. 
 16. By signing these Joint Escrow Instructions, you become a party hereto
only for the purpose of said Joint Escrow Instructions; you do not become a party to the Agreement. 
 17. This instrument shall be binding
upon and inure to the benefit of the parties hereto, and their respective successors and permitted assigns. 
 18. These Joint Escrow
Instructions shall be governed by, and construed and enforced in accordance with, the laws of the State of California, excluding that body of law pertaining to conflicts of law. 

(Signature Page Follows) 

  
 3 

 IN WITNESS WHEREOF, these Joint Escrow Instructions shall be effective as of the date first set
forth above. 
  

					
	GRITSTONE ONCOLOGY, INC.
		
	By:	 	  

		 	Name:
                                         
                       
		 	Title:
                                         
                         
	
	PURCHASER
	
	By:
                                         
                                   
	Name:
                                         
                               
	
	Address:
	
	                                    
                                         
       
	                                    
                                         
       
	
	ESCROW AGENT
	
	By:
                                         
                                   
	Name:                                   
                                     
	Title:                                   
                                       

  
 4 

 EXHIBIT D 

CONSENT OF SPOUSE 
 I,
                                         
   , spouse of
                                         
           , have read and approve the Restricted Stock Purchase Agreement dated
                            ,         , between my spouse and
Gritstone Oncology, Inc. In consideration of granting of the right to my spouse to purchase shares of Gritstone Oncology, Inc. set forth in the Restricted Stock Purchase Agreement, I hereby appoint my spouse as my attorney-in-fact in respect to the exercise of any rights under the Agreement and agree to be bound by the provisions of the Restricted Stock Purchase Agreement insofar as I may have any rights in said
Restricted Stock Purchase Agreement or any shares issued pursuant thereto under the community property laws or similar laws relating to marital property in effect in the state of our residence as of the date of the signing of the foregoing
Restricted Stock Purchase Agreement. 
 Dated:
                                ,
             
  

	
	  
 Signature of Spouse

 EXHIBIT E 

INVESTMENT REPRESENTATION STATEMENT 
  

							
	PURCHASER	  	:	  	                                      
          	  	
				
	COMPANY	  	:	  	Gritstone Oncology, Inc.	  	
				
	SECURITY	  	:	  	Common Stock	  	
				
	AMOUNT	  	:	  	                                      
          	  	
				
	DATE	  	:	  	                                      
          	  	

 In connection with the purchase of the above-listed shares of Common Stock (the “Securities”)
of Gritstone Oncology, Inc., a Delaware corporation (the “Company”), the undersigned (“Purchaser”) represents to the Company the following: 

1. Purchaser is aware of the Company’s business affairs and financial condition and has acquired sufficient information about the Company
to reach an informed and knowledgeable decision to acquire the Securities. Purchaser is acquiring these Securities for investment for Purchaser’s own account only and not with a view to, or for resale in connection with, any
“distribution” thereof within the meaning of the Securities Act of 1933, as amended (the “Securities Act”). 
 2.
Purchaser acknowledges and understands that the Securities constitute “restricted securities” under the Securities Act and have not been registered under the Securities Act in reliance upon a specific exemption therefrom, which exemption
depends upon, among other things, the bona fide nature of Purchaser’s investment intent as expressed herein. Purchaser understands that, in the view of the Securities and Exchange Commission, the statutory basis for such exemption may be
unavailable if Purchaser’s representation was predicated solely upon a present intention to hold these Securities for the minimum capital gains period specified under tax statutes, for a deferred sale, for or until an increase or decrease in
the market price of the Securities, or for a period of one year or any other fixed period in the future. Purchaser further understands that the Securities must be held indefinitely unless they are subsequently registered under the Securities Act or
an exemption from such registration is available. Purchaser further acknowledges and understands that the Company is under no obligation to register the Securities. Purchaser understands that the certificate evidencing the Securities will be
imprinted with a legend which prohibits the transfer of the Securities unless they are registered or such registration is not required in the opinion of counsel satisfactory to the Company and any other legend required under applicable state
securities laws or agreements. 
 3. Purchaser is familiar with the provisions of Rule 701 and Rule 144, each promulgated under the
Securities Act, which, in substance, permit limited public resale of “restricted securities” acquired, directly or indirectly from the issuer thereof, in a non-public offering subject to the
satisfaction of certain conditions. Rule 701 provides that if the issuer 

 
qualifies under Rule 701 at the time of the grant of the Stock Purchase Right to the Purchaser, the exercise will be exempt from registration under the Securities Act. In the event the
Company becomes subject to the reporting requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), ninety (90) days thereafter (or such longer period as any market stand-off agreement may require) the Securities exempt under Rule 701 may under present law be resold, subject to the satisfaction of certain of the conditions specified by Rule 144, including:
(1) the resale being made through a broker in an unsolicited “broker’s transaction” or in transactions directly with a market maker (as said term is defined under the Exchange Act); and, in the case of an affiliate,
(2) the availability of certain public information about the Company, (3) the amount of Securities being sold during any three (3) month period not exceeding the limitations specified in Rule 144(e), and (4) the timely
filing of a Form 144, if applicable. 
 In the event that the Company does not qualify under Rule 701 at the time of grant of the Stock
Purchase Right, then the Securities may be resold in certain limited circumstances subject to the provisions of Rule 144, which requires the resale to occur not less than six months, or, in the event the Company is not subject to the
reporting requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, not less than one year, after the later of the date the Securities were sold by the Company or the date the Securities were sold by an affiliate of the
Company, within the meaning of Rule 144; and, in the case of acquisition of the Securities by an affiliate, the satisfaction of the conditions set forth in sections (1), (2), (3) and (4) of the paragraph immediately above or, in the case
of a non-affiliate who subsequently holds the Securities less than one year, the satisfaction of the conditions set forth in section (2) of the paragraph immediately above.. 

4. Purchaser further understands that in the event all of the applicable requirements of Rule 701 or 144 are not satisfied, registration
under the Securities Act, compliance with Regulation A, or some other registration exemption will be required; and that, notwithstanding the fact that Rules 144 and 701 are not exclusive, the Staff of the Securities and Exchange Commission has
expressed its opinion that persons proposing to sell private placement securities other than in a registered offering and otherwise than pursuant to Rules 144 or 701 will have a substantial burden of proof in establishing that an exemption from
registration is available for such offers or sales, and that such persons and their respective brokers who participate in such transactions do so at their own risk. Purchaser understands that no assurances can be given that any such other
registration exemption will be available in such event. 
  

	
	Signature of Purchaser:
	
	      

Purchaser

 Date:
                                        ,
         

  
 2 

 FORM OF 83(B) ELECTION AND INSTRUCTIONS 

These instructions are provided to assist you if you choose to make an election under Section 83(b) of the Internal Revenue Code, as
amended, with respect to the shares of common stock of Gritstone Oncology, Inc. transferred to you. Please consult with your personal tax advisor as to whether an election of this nature will be in your best interests in light of your personal
tax situation. 
 The executed original of the Section 83(b) election must be filed with the Internal Revenue Service not later
than 30 days after the date the shares were transferred to you. PLEASE NOTE: There is no remedy for failure to file on time. The steps outlined below should be followed to ensure the election is mailed and filed correctly and in a timely manner.
ALSO, PLEASE NOTE: If you make the Section 83(b) election, the election is irrevocable. 
 Complete Section 83(b) election form
(attached as Attachment 1) and make four (4) copies of the signed election form. (Your spouse, if any, should sign the Section 83(b) election form as well.) 

Prepare the cover letter to the Internal Revenue Service (sample letter attached as Attachment 2). 

Send the cover letter with the originally executed Section 83(b) election form and one (1) copy via certified mail, return receipt
requested to the Internal Revenue Service at the address of the Internal Revenue Service where you file your personal tax returns. We suggest that you have the package date-stamped at the post office. The post office will provide you with a
certified receipt that includes a dated postmark. Enclose a self-addressed, stamped envelope so that the Internal Revenue Service may return a date-stamped copy to you. However, your postmarked receipt is your proof of having timely filed the
Section 83(b) election if you do not receive confirmation from the Internal Revenue Service. 
 One (1) copy must be sent to
Gritstone Oncology, Inc. for its records and one (1) copy must be attached to your federal income tax return for the applicable calendar year. 

Retain the Internal Revenue Service file stamped copy (when returned) for your records. 

Please consult your personal tax advisor for the address of the office of the Internal Revenue Service to which you should mail your election
form. 

 ATTACHMENT 1 

ELECTION UNDER INTERNAL REVENUE CODE SECTION 83(B) 

The undersigned taxpayer hereby elects, pursuant to Section 83(b) of the Internal Revenue Code of 1986, as amended, to include in
taxpayer’s gross income for the current taxable year the amount of any compensation taxable to taxpayer in connection with taxpayer’s receipt of shares (the “Shares”) of Common Stock of Gritstone Oncology, Inc., a Delaware
corporation (the “Company”). 
 The name, address and taxpayer identification number of the undersigned taxpayer are: 

 

                       
                              

                       
                              

                       
                              

SSN:
                                         
  
 The name, address and taxpayer identification number of the Taxpayer’s spouse are (complete if applicable): 

 

                       
                              

                       
                              

                       
                              

SSN:
                                         
  
 Description of the property with respect to which the election is being made: 

                        
         (        ) shares of Common Stock of the Company. 
 The date on
which the property was transferred was                         . The taxable year to which this election relates is calendar year
        . 
 Nature of restrictions to which the property is subject: 

The Shares are subject to repurchase by the Company or its assignee upon the occurrence of certain events. This repurchase right lapses based
upon the continued performance of services by the taxpayer over time. 
 The fair market value at the time of transfer (determined without regard to any
lapse restrictions, as defined in Treasury Regulation Section 1.83-3(i)) of the Shares was
$                     per Share. 
 The amount paid by
the taxpayer for Shares was per share. 
 A copy of this statement has been furnished to the Company. 

 

					
	Dated:                             ,
        	  	Taxpayer Signature
                                         
       

 The undersigned spouse of Taxpayer joins in this election. (Complete if applicable). 

 

					
	Dated:                             ,
        	  	Spouse’s Signature
                                         
       

  

			
	Signature(s) Notarized by:
	
                      
                                  

	
                      
                                  

  
 2 

 ATTACHMENT 2 

SAMPLE COVER LETTER TO INTERNAL REVENUE SERVICE 

                       
         ,          
 VIA CERTIFIED MAIL

 RETURN RECEIPT REQUESTED 

Internal Revenue Service 
 [Address where taxpayer files returns]

  

	Re:	Election under Section 83(b) of the Internal Revenue Code of 1986 

	 	Taxpayer:
                                         
                                         
                                         
                          

	 	Taxpayer’s Social Security Number:
                                         
                                         
                         

	 	Taxpayer’s Spouse:
                                         
                                         
                                         
          

	 	Taxpayer’s Spouse’s Social Security Number:
                                         
                                         
         

 Ladies and Gentlemen: 

Enclosed please find an original and one copy of an Election under Section 83(b) of the Internal Revenue Code of 1986, as amended, being
made by the taxpayer referenced above. Please acknowledge receipt of the enclosed materials by stamping the enclosed copy of the Election and returning it to me in the self-addressed stamped envelope provided herewith. 

 

	
	Very truly yours,
	
	  

 Enclosures 
  

	cc:	Gritstone Oncology, Inc.Exhibit 10.1

 

EXECUTION VERSION

 

 

Published CUSIP Numbers:

Deal: 12508JAL4

3-Year Term Loan: 12508JAM2

5-Year Term Loan: 12508JAN0

 

	
         

        TERM LOAN CREDIT AGREEMENT

         

        dated as of

         

        August 17, 2018,

         

        among

         

        CDK GLOBAL, INC.,

         

        The LENDERS Party Hereto

         

        and

         

        BANK OF AMERICA, N.A.,

        as Administrative Agent,

         

        ___________________________

         

        JPMORGAN CHASE BANK, N.A.,

        U.S. BANK NATIONAL ASSOCIATION,

        MUFG BANK, LTD.

        and

        WELLS FARGO BANK, N.A.,

        as Syndication Agents

         

        MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED,

        JPMORGAN CHASE BANK, N.A.,

        U.S. BANK NATIONAL ASSOCIATION,

        MUFG BANK, LTD.

        and

        WELLS FARGO SECURITIES, LLC,

        as Joint Lead Arrangers and Joint Bookrunners

 

 

 

     

     

    

 

TABLE OF CONTENTS

 

Page

 

	Article I Definitions	1
	Section 1.01.   Defined Terms	1
	Section 1.02.   Classification of Loans and Borrowings	20
	Section 1.03.   Terms Generally	20
	Section 1.04.   Accounting Terms; GAAP	21
	Section 1.05.   Currency Translation	21
	Article II The Credits	21
	Section 2.01.   Commitments	21
	Section 2.02.   Loans and Borrowings	22
	Section 2.03.   [Reserved]	22
	Section 2.04.   Funding of Borrowings	22
	Section 2.05.   Interest Elections	23
	Section 2.06.   Termination of Commitments	24
	Section 2.07.   [Reserved]	25
	Section 2.08.   Repayment of Loans; Evidence of Debt	25
	Section 2.09.   Amortization of Borrowings	25
	Section 2.10.   Prepayment of Loans	26
	Section 2.11.   Fees	26
	Section 2.12.   Interest	27
	Section 2.13.   Alternate Rate of Interest; Illegality	28
	Section 2.14.   Increased Costs	29
	Section 2.15.   Break Funding Payments	30
	Section 2.16.   Taxes	30
	Section 2.17.   Payments Generally; Pro Rata Treatment; Sharing of Set-offs	34
	Section 2.18.   Mitigation Obligations; Replacement of Lenders	35
	Section 2.19.   Successor LIBOR	36
	Article III Representations and Warranties	37
	Section 3.01.   Organization; Powers	37
	Section 3.02.   Authorization; Enforceability	37
	Section 3.03.   Governmental Approvals; No Conflicts	37
	Section 3.04.   Financial Condition; No Material Adverse Change	38
	Section 3.05.   Properties	38
	Section 3.06.   Litigation and Environmental Matters	38
	Section 3.07.   Compliance with Laws and Agreements	39
	Section 3.08.   Federal Reserve Regulations	39
	Section 3.09.   Investment Company Status	39
	Section 3.10.   Taxes	39
	Section 3.11.   ERISA	39
	Section 3.12.   Disclosure	39
	Section 3.13.   Solvency	40
	Section 3.14.   Anti-Corruption Laws and Sanction Laws	40
	Section 3.15.   EEA Financial Institution	40

 

    	 	i	 

     

    

 

	Article IV Conditions	40
	Section 4.01.   Closing Date	40
	Article V Affirmative Covenants	41
	Section 5.01.   Financial Statements and Other Information	42
	Section 5.02.   Notices of Material Events	43
	Section 5.03.   Existence; Conduct of Business	44
	Section 5.04.   Taxes	44
	Section 5.05.   Business and Properties	44
	Section 5.06.   Books and Records; Inspection Rights	44
	Section 5.07.   Compliance with Laws	44
	Section 5.08.   Use of Proceeds	44
	Article VI Negative Covenants	45
	Section 6.01.   Liens	45
	Section 6.02.   Subsidiary Indebtedness	46
	Section 6.03.   Sale and Leaseback Transactions	48
	Section 6.04.   Fundamental Changes	48
	Section 6.05.   Restrictive Agreements	48
	Section 6.06.   Leverage Ratio	49
	Section 6.07.   Ratio of Consolidated EBITDA to Consolidated Interest Expense	49
	Article VII Events of Default	49
	Article VIII The Administrative Agent	51
	Article IX [Reserved]	55
	Article X Miscellaneous	55
	Section 10.01.   Notices	55
	Section 10.02.   Waivers; Amendments	56
	Section 10.03.   Expenses; Indemnity; Damage Waiver	58
	Section 10.04.   Successors and Assigns	59
	Section 10.05.   Survival	62
	Section 10.06.   Counterparts; Integration; Effectiveness	62
	Section 10.07.   Severability	63
	Section 10.08.   Right of Setoff	63
	Section 10.09.   Governing Law; Jurisdiction; Consent to Service of Process	63
	Section 10.10.   WAIVER OF JURY TRIAL	64
	Section 10.11.   Headings	64
	Section 10.12.   Confidentiality; Non-Public Information	64
	Section 10.13.   Conversion of Currencies	65
	Section 10.14.   Interest Rate Limitation	65
	Section 10.15.   Patriot Act	66
	Section 10.16.   No Fiduciary Relationship	66
	Section 10.17.   Electronic Execution of Assignments and Certain Other Documents	66
	Section 10.18.   Payments Set Aside	66
	Section 10.19.   Acknowledgement and Consent to Bail-In of EEA Financial Institutions	67

 

 

 

 

    	 	ii	 

     

    

 

SCHEDULES:

 

	Schedule 2.01 	-- 	Commitments
	Schedule 6.01	-- 	Existing Liens
	Schedule 6.02	-- 	Existing Subsidiary Indebtedness
	Schedule 6.03 	-- 	Existing Sale and Leaseback Transactions
	Schedule 6.05 	-- 	Restrictive Agreements

 

 

EXHIBITS:

 

	Exhibit A	--	Form of Assignment and Assumption
	Exhibit B	--	Form of Interest Election Request
	Exhibit C	--	Form of Note
	Exhibit D-1	--	Form of US Tax Compliance Certificate (For Foreign Lenders That Are Not Partnerships For U.S. Federal Income Tax Purposes)
	Exhibit D-2	--	Form of US Tax Compliance Certificate (For Foreign Participants That Are Not Partnerships For U.S. Federal Income Tax Purposes)
	Exhibit D-3	--	Form of US Tax Compliance Certificate (For Foreign Participants That Are Partnerships For U.S. Federal Income Tax Purposes)
	Exhibit D-4	--	Form of US Tax Compliance Certificate (For Foreign Lenders That Are Partnerships For U.S. Federal Income Tax Purposes)

 

 

 

 

 

 

 

    	 	iii	 

     

    

 

 

THIS TERM LOAN CREDIT AGREEMENT dated as of
August 17, 2018, is by and among CDK GLOBAL, INC., a Delaware corporation, the LENDERS party hereto, and BANK OF AMERICA, N.A.,
as Administrative Agent.

 

The Borrower has requested that the Lenders
extend credit in the form of Loans denominated in US Dollars in an aggregate principal amount of $600,000,000, available to the
Borrower on the Closing Date. The proceeds of the Loans are to be used for general corporate purposes.

 

The Lenders are willing to provide the Loans
referred to in the preceding paragraph upon the terms and subject to the conditions set forth herein. Accordingly, the parties
hereto agree as follows:

 

Article
I

Definitions

 

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

 

“3-Year Term Loan” has the
meaning specified in Section 2.01(a).

 

“3-Year Term Loan Borrowing”
means 3-Year Term Loans of the same Type made, converted or continued on the same date and, in the case of LIBOR Loans, as to which
a single Interest Period is in effect.

 

“3-Year Term Loan Commitment”
means, with respect to each 3-Year Term Loan Lender, the commitment of such 3-Year Term Loan Lender to make a 3-Year Term Loan
hereunder on the Closing Date, expressed as an amount representing the principal amount of the 3-Year Term Loan to be made by such
3-Year Term Loan Lender hereunder. The initial amount of each 3-Year Term Loan Lender’s 3-Year Term Loan Commitment is set
forth on Schedule 2.01. The aggregate amount of the 3-Year Term Loan Commitments of all 3-Year Term Loan Lenders on the
Closing Date is $300,000,000.

 

“3-Year Term Loan Lender”
means (a) on the Closing Date, any Lender that has a 3-Year Term Loan Commitment at such time, and (b) at any time thereafter,
any Lender that holds a 3-Year Term Loan at such time.

 

“5-Year Term Loan” has the
meaning specified in Section 2.01(b).

 

“5-Year Term Loan Borrowing”
means 5-Year Term Loans of the same Type made, converted or continued on the same date and, in the case of LIBOR Loans, as to which
a single Interest Period is in effect.

 

“5-Year Term Loan Commitment”
means, with respect to each 5-Year Term Loan Lender, the commitment of such 5-Year Term Loan Lender to make a 5-Year Term Loan
hereunder on the Closing Date, expressed as an amount representing the principal amount of the 5-Year Term Loan to be made by such
5-Year Term Loan Lender hereunder. The initial amount of each 5-Year Term Loan Lender’s 5-Year Term Loan Commitment is set
forth on Schedule 2.01. The aggregate amount of the 5-Year Term Loan Commitments of all 5-Year Term Loan Lenders on the
Closing Date is $300,000,000.

 

“5-Year Term Loan Lender”
means (a) on the Closing Date, any Lender that has a 5-Year Term Loan Commitment at such time, and (b) at any time thereafter,
any Lender that holds a 5-Year Term Loan at such time.

 

     

     

    

 

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

 

“Adjusted LIBO Rate” means,
with respect to any LIBOR Borrowing for any Interest Period, an interest rate per annum (rounded upwards, if necessary, to the
next 1/100 of 1.00%) equal to the LIBO Rate for such Interest Period multiplied by the Statutory Reserve Rate.

 

“Administrative Agent” means
Bank of America, in its capacity as administrative agent for the Lenders hereunder and under the other Loan Documents, or any successor
appointed in accordance with Article VIII. Unless the context requires otherwise, the term “Administrative Agent”
shall include any Affiliate of Bank of America through which Bank of America shall determine to perform any of its obligations
in such capacity hereunder in accordance with Article VIII.

 

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

 

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

 

“Agreement” means this Term
Loan Credit Agreement, as amended from time to time in accordance with the terms hereof.

 

“Agreement Currency” has
the meaning assigned to such term in Section 10.13(b).

 

“Alternate Base Rate” means
for any day a fluctuating rate per annum equal to the highest of (a) the Federal Funds Effective Rate plus 1/2 of 1% per
annum, (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 Adjusted LIBO Rate plus 1% per annum; provided, that, if such rate shall be less
than zero, such rate shall be deemed to be 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. Those loans may be priced at, above, or below such announced
prime 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. For purposes of clause (c) above, the Adjusted LIBO Rate on any day
shall be based on the rate per annum appearing on the applicable Bloomberg screen page displaying interest rates for US Dollar
deposits in the London interbank market (or, in the event such rate does not appear on a page of the Bloomberg screen, on the appropriate
page of such other information service that publishes such rate as shall be selected by the Administrative Agent from time to time)
at approximately 11:00 a.m., London time, two Business Days prior to such day for deposits in US Dollars with a maturity of one
month (without any rounding). Any change in the Alternate Base Rate due to a change in Bank of America’s “prime rate”,
the Federal Funds Effective Rate or the Adjusted LIBO Rate shall be effective from and including the effective date of such change
in Bank of America’s “prime rate”, the Federal Funds Effective Rate or the Adjusted LIBO Rate, as the case may
be.

 

“Anti-Corruption Laws” means
all laws, rules, and regulations of any jurisdiction applicable to the Borrower or the Subsidiaries from time to time concerning
or relating to bribery, money laundering or corruption.

 

“Applicable Creditor” has
the meaning assigned to such term in Section 10.13(b).

 

    	 	2	 

     

    

 

“Applicable Rate” means,
for any day, (a) with respect to any LIBOR Loan that is a 3-Year Term Loan, the applicable rate per annum set forth below under
the caption “3-Year Term Loan – LIBO Rate Spread,” (b) with respect to any ABR Loan that is a 3-Year Term Loan,
the applicable rate per annum set forth below under the caption “3-Year Term Loan – ABR Spread,” (c) with respect
to any LIBOR Loan that is a 5-Year Term Loan, the applicable rate per annum set forth below under the caption “5-Year Term
Loan – LIBO Rate Spread,” (d) with respect to any ABR Loan that is a 5-Year Term Loan, the applicable rate per annum
set forth below under the caption “5-Year Term Loan – ABR Spread,” as applicable, based upon the Ratings of Moody’s,
S&P and Fitch in effect on such day:

 

	 	3-Year Term Loan	5-Year Term Loan
	LIBO Rate Spread	ABR Spread	LIBO Rate Spread	ABR Spread
	
        Category 1

        ≥ Baa2/BBB/BBB
	1.125%	0.125%	1.250%	0.250%
	
        Category 2

        Baa3/BBB-/BBB-
	1.250%	0.250%	1.375%	0.375%
	
        Category 3

        Ba1/BB+/BB+
	1.500%	0.500%	1.625%	0.625%
	
        Category 4

        Ba2/BB/BB
	1.750%	0.750%	1.875%	0.875%
	
        Category 5

        ≤ Ba3/BB-/BB- or unrated
	2.250%	1.250%	2.375%	1.375%

 

For purposes of the foregoing, (i) if the Ratings assigned by Moody’s,
S&P and Fitch shall fall within different categories, then the applicable category shall be (A) the category in which two of
the Ratings shall fall or (B) if there is no such category, the category in which the intermediate Rating shall fall, (ii)(A) if
Moody’s or S&P shall not have a Rating in effect (other than by reason of the circumstances referred to in the last sentence
of this definition), such Rating Agency shall be deemed to have a Rating in Category 5 and (B) if Fitch shall not have a Rating
in effect (other than by reason of the circumstances referred to in the last sentence of this definition), the applicable category
shall be the category in which the higher of the Ratings of Moody’s and S&P shall fall unless such Ratings differ by
more than one category, in which case the applicable category shall be that immediately below the category in which the higher
of such Ratings falls, and (iii) if any Rating shall be changed (other than as a result of a change in the rating system of the
applicable Rating Agency), such change shall be effective as of the date on which it is first publicly announced by the Rating
Agency making such change. Each change in the Applicable Rate shall apply during the period commencing on the effective date of
such change and ending on the date immediately preceding the effective date of the next such change. If the rating system of Moody’s,
S&P or Fitch shall change, or if any such Rating Agency shall cease to be in the business of rating corporate debt obligations,
the Borrower and the Required Lenders shall negotiate in good faith to amend this definition to reflect such changed rating system
or the unavailability of a Rating from such Rating Agency and, pending the effectiveness of any such amendment, the Applicable
Rate shall be determined by reference to the Rating most recently in effect prior to such change or cessation.

 

“Arrangers” means, collectively,
Merrill Lynch, Pierce, Fenner & Smith Incorporated (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 Closing Date), JPMorgan Chase Bank, N.A., U.S.
Bank National Association, MUFG Bank, Ltd. and Wells Fargo Securities, LLC, in their capacities as joint lead arrangers and joint
bookrunners for the credit facilities established hereby.

 

    	 	3	 

     

    

 

“Assignment and Assumption”
means an assignment and assumption entered into by a Lender and an assignee (with the consent of any Person whose consent is required
by Section 10.04), and accepted by the Administrative Agent, in the form of Exhibit A or any other form approved
by the Administrative Agent and the Borrower.

 

“Attributable Debt” means,
with respect to any Sale and Leaseback Transaction, the present value (discounted at the rate set forth or implicit in the terms
of the lease included in such Sale and Leaseback Transaction) of the total obligations of the lessee for rental payments (other
than amounts required to be paid on account of taxes, maintenance, repairs, insurance, assessments, utilities, operating and labor
costs and other items that do not constitute payments for property rights) during the remaining term of the lease included in such
Sale and Leaseback Transaction (including any period for which such lease has been extended). In the case of any lease which is
terminable by the lessee upon payment of a penalty, the Attributable Debt shall be the lesser of the Attributable Debt determined
assuming termination upon the first date such lease may be terminated (in which case the Attributable Debt shall also include the
amount of the penalty, but no rent shall be considered as required to be paid under such lease subsequent to the first date upon
which it may be so terminated) or the Attributable Debt determined assuming no such termination.

 

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

 

“Bail-In Legislation” means,
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 for such EEA Member Country from time to time which is described in the EU Bail-In
Legislation Schedule.

 

“Bank of America” means Bank
of America, N.A.

 

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

 

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

 

“Benefit Plan” means any
of (a) an “employee benefit plan” (as defined in 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”.

 

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

 

“Board of Directors” means
the Board of Directors of the Borrower.

 

“Borrower” means CDK Global,
Inc., a Delaware corporation.

 

“Borrower Materials” has
the meaning assigned to such term in Section 5.01.

 

“Borrowing” means a 3-Year
Term Loan Borrowing or a 5-Year Term Loan Borrowing, as the context may require.

 

“Business Day” means any
day that is not a Saturday, Sunday or other day on which commercial banks in New York City are authorized or required by law to
remain closed; provided, that, when used in connection with a LIBOR Loan, the term “Business Day” shall
also exclude any day on which banks are not open for dealings in deposits denominated in US Dollars in the London interbank market.

 

    	 	4	 

     

    

 

“Capital Lease Obligations”
of any Person means 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.

 

“Change in Control” means
(a) the acquisition of ownership, directly or indirectly, beneficially or of record, by any Person or group (within the meaning
of the Exchange Act and the rules of the SEC thereunder as in effect on the Closing Date) of Equity Interests representing more
than 35% of the aggregate ordinary voting power represented by the issued and outstanding Equity Interests of the Borrower or (b)
occupation of a majority of the seats (other than vacant seats) on the Board of Directors by Persons who were not (i) directors
of the Borrower on the Closing Date or (ii) nominated or appointed, or approved prior to their election, by the Board of Directors.

 

“Change in Law” means the
occurrence, after the Closing Date, of any of the following: (a) the adoption of any rule, regulation, treaty or other law, (b)
any change in any rule, regulation, treaty or other law 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) of any Governmental Authority; provided, that, notwithstanding anything herein to the contrary,
no act, event or circumstance referred to in clause (a), (b) or (c) of this definition shall be deemed to
have occurred prior to the Closing Date as a result of the applicable law, rule, regulation, interpretation, application, request,
guideline or directive having been adopted, made or issued under the Dodd-Frank Wall Street Reform and Consumer Protection Act
of 2010 or Basel III as promulgated by the Bank for International Settlements, the Basel Committee on Banking Supervision (or any
successor or similar authority) or the United States regulatory authorities.

 

“Charges” has the meaning
assigned to such term in Section 10.14.

 

“Closing Date” means August
17, 2018.

 

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

 

“Commitment” means a 3-Year
Term Loan Commitment or a 5-Year Term Loan Commitment, as the context may require.

 

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

 

“Consolidated EBITDA” means,
for any period, Consolidated Net Income for such period, plus

 

(a)               
without duplication and to the extent deducted in determining such Consolidated Net Income, the sum of:

 

(i)                
consolidated interest expense for such period (including imputed interest expense in respect of Capital Lease Obligations and Securitization
Transactions),

 

(ii)              
consolidated income tax expense for such period,

 

    	 	5	 

     

    

 

(iii)            
all amounts attributable to depreciation for such period and amortization of intangible assets for such period,

 

(iv)            
any other non-recurring noncash charges for such period (including noncash compensation expense, but excluding any additions to
bad debt reserves or bad debt expense and any noncash charge that results from the write-down or write-off of inventory or accounts
receivable or that is in respect of any item that was included in Consolidated Net Income in a prior period),

 

(v)              
any losses for such period attributable to early extinguishment of Indebtedness or obligations under any Hedging Agreement,

 

(vi)            
any unrealized losses for such period attributable to the application of “mark to market” accounting in respect of
Hedging Agreements,

 

(vii)          
the cumulative effect for such period of a change in accounting principles,

 

(viii)        
any expenses or charges (other than depreciation or amortization expense as described in the preceding clause (iii)) related
to the carrying out of any issuance of Equity Interests, acquisition, disposition, recapitalization or the incurrence, modification
or repayment of Indebtedness permitted to be incurred by this Agreement (including a refinancing thereof), including (x) such fees,
expenses or charges related to this Agreement and the Revolving Credit Agreement, and (y) any amendment or other modification of
the Obligations or other Indebtedness, in an aggregate amount during any period of four consecutive fiscal quarters not to exceed
$5,000,000,

 

(ix)            
any “restructuring expenses” and “other business transformation expenses” for such period (if incurred
prior to June 30, 2020) attributable to the “Business Transformation Plan” (as each such term is used in the Borrower’s
annual report on Form 10-K for the fiscal year ended June 30, 2016 and its quarterly report on Form 10-Q for the fiscal quarter
ended September 30, 2016); provided, that, (A) such expenses shall have been determined in a manner consistent with
the Borrower’s practices prior to the Closing Date and reflected as such in the Borrower’s annual or quarterly reports
filed with the SEC, (B) the aggregate amount of such expenses incurred during the fiscal quarters of the Borrower ended on September
30, 2017, December 31, 2017, March 31, 2018 and June 30, 2018 shall be deemed to be $21,600,000, $22,000,000, $12,900,000 and $14,500,000,
respectively, and (C) for any period ending after the Closing Date, the aggregate amount added back to Consolidated EBITDA during
the term of this Agreement pursuant to this clause (a)(ix) (excluding, for the avoidance of doubt, any amounts added back
to Consolidated EBITDA pursuant to subclause (B) of this clause (a)(ix)), plus the aggregate amount added
back to Consolidated EBITDA during the term of this Agreement pursuant to clause (a)(x) below, shall not exceed $125,000,000,

 

(x)              
legal and regulatory expenses for such period related to the matters identified under the heading “Competition Matters”
in Note 11 of the Borrower’s financial statements included with the Borrower’s quarterly report on Form 10-Q for the
fiscal quarter ended March 31, 2018; provided, that, (A) such expenses shall have been determined in a manner consistent
with the Borrower’s practices prior to the Closing Date and reflected as such in the Borrower’s annual or quarterly
reports filed with the SEC, and (B) for any period ending after the Closing Date, the aggregate amount added back to Consolidated
EBITDA during the term of this Agreement pursuant to this clause (a)(x), plus the aggregate amount added back to
Consolidated EBITDA during the term of this Agreement pursuant to clause (a)(ix) above (excluding, for the avoidance of
doubt, any amounts added back to Consolidated EBITDA pursuant to subclause (B) of clause (a)(ix) above), shall not
exceed $125,000,000, and

 

    	 	6	 

     

    

 

(xi)            
one-time, non-recurring integration, restructuring and litigation costs and expenses in connection with the ELEAD1ONE Acquisition
in an aggregate amount during the term of this Agreement not to exceed $75,000,000;

 

provided, that, any cash payment made with
respect to any noncash item added back in computing Consolidated EBITDA for any prior period pursuant to this clause (a)
(or that would have been added back had this Agreement been in effect during such prior period) shall be subtracted in computing
Consolidated EBITDA for the period in which such cash payment is made; and minus 

 

(b)              
without duplication and to the extent included in determining such Consolidated Net Income, the sum of:

 

(i)                
any non-recurring noncash items of income for such period (excluding any noncash items of income (A) in respect of which cash was
received in a prior period or will be received in a future period or (B) that represents the reversal of any accrual made in a
prior period for anticipated cash charges, but only to the extent such accrual reduced Consolidated EBITDA for such prior period),

 

(ii)              
any gains for such period attributable to the early extinguishment of Indebtedness or obligations under any Hedging Agreement,

 

(iii)            
any unrealized gains for such period attributable to the application of “mark to market” accounting in respect of Hedging
Agreements, and

 

(iv)            
the cumulative effect for such period of a change in accounting principles;

 

provided, further, that, Consolidated EBITDA
shall be calculated so as to exclude the effect of any gain or loss that represents after-tax gains or losses attributable to any
sale, transfer or other disposition, or any exclusive license, of assets by the Borrower or any of its consolidated Subsidiaries,
other than dispositions of inventory and other dispositions and licenses in the ordinary course of business. All amounts added
back in computing Consolidated EBITDA for any period pursuant to clause (a) above, and all amounts subtracted in computing
Consolidated EBITDA pursuant to clause (b) above, to the extent such amounts are, in the reasonable judgment of a Financial
Officer of the Borrower, attributable to any Subsidiary that is not wholly owned by the Borrower, shall be reduced by the portion
thereof that is attributable to the non-controlling interest in such Subsidiary. For purposes of calculating Consolidated EBITDA
for any period, if during such period the Borrower or any Subsidiary shall have consummated a Material Acquisition or a Material
Disposition, Consolidated EBITDA for such period shall be calculated after giving pro forma effect thereto in accordance with generally
accepted financial practice as if such Material Acquisition or such Material Disposition had occurred on the first day of such
period.

 

“Consolidated Interest Expense”
means, for any period, the interest expense (including imputed interest expense in respect of Capital Lease Obligations and Securitization
Transactions) of the Borrower and the Subsidiaries for such period, determined on a consolidated basis in accordance with GAAP.
For purposes of calculating Consolidated Interest Expense for any period, if during such period the Borrower or any Subsidiary
shall have consummated a Material Acquisition or a Material Disposition, Consolidated Interest Expense for such period shall be
calculated after giving pro forma effect thereto in accordance with generally accepted financial practice as if such Material Acquisition
or such Material Disposition had occurred on the first day of such period.

 

    	 	7	 

     

    

 

“Consolidated Net Income”
means, for any period, the net income or loss of the Borrower and its consolidated Subsidiaries for such period, determined on
a consolidated basis in accordance with GAAP; provided, that, there shall be excluded (a) the income of any Person
(other than the Borrower) that is not a consolidated Subsidiary except to the extent of the amount of cash dividends or similar
cash distributions actually paid by such Person to the Borrower or, subject to clause (b) below, any other consolidated
Subsidiary during such period and (b) the income or loss of, and any amounts referred to in clause (a) above paid to, any
consolidated Subsidiary that is not wholly owned by the Borrower to the extent such income or loss or such amounts are attributable
to the non-controlling interest in such consolidated Subsidiary.

 

“Consolidated Net Tangible Assets”
means, at any date, (a) total assets of the Borrower and the Subsidiaries determined on a consolidated basis in accordance with
GAAP minus (b) the sum of (i) current liabilities of the Borrower and the Subsidiaries and (ii) goodwill and other intangible
assets of the Borrower and the Subsidiaries, in each case determined on a consolidated basis in accordance with GAAP, all as reflected
in the consolidated financial statements of the Borrower most recently delivered to the Administrative Agent and the Lenders pursuant
to Section 5.01(a) or 5.01(b) (or, prior to the first delivery of such financial statements, the most recent consolidated
financial statements of the Borrower referred to in Section 3.04(a)). For purposes of this definition, the amount of assets
and liabilities of any Subsidiary that is not wholly owned by the Borrower shall be included or deducted, as the case may be, only
to the extent of the proportional equity interest directly or indirectly owned by the Borrower in such Subsidiary; provided,
that, in the case of any such liabilities, to the extent such liabilities are recourse to the Borrower or any other Subsidiary,
the full amount of such liabilities that are so recourse shall be deducted for purposes of this definition.

 

“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.

 

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

 

“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 clause (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.

 

“ELEAD1ONE Acquisition” means
the acquisition by CDK Global, LLC, a Delaware limited liability company and subsidiary of the Borrower (“CDK Global”),
of one hundred percent (100%) of the Equity Interests of Data Software Services, LLC (d/b/a Elead1ONE), a Georgia limited liability
company (“DSS”), and certain of its Affiliates, pursuant to that certain Equity Purchase Agreement, dated as
of June 28, 2018, by and among CDK Global, HJH Management Company, LLC, a Georgia limited liability company, Fresh Beginnings,
a Georgia corporation (“Fresh Beginnings”), DSS, DSS Holdco, Inc., a Delaware corporation, Fresh Beginnings
Holdco, Inc., a Delaware corporation, Judith S. Hathcock, an individual, in her capacity as the Representative (as defined therein)
and the sole owner of DSS and Fresh Beginnings, Hugh Hathcock, an individual (solely for the purposes set forth therein), Hope
Hathcock, an individual, Hailee Hathcock, an individual, and Heather Hathcock, an individual.

 

    	 	8	 

     

    

 

“Eligible Assignee” means
(a) a Lender, (b) an Affiliate of a Lender, (c) a Related Fund and (d) any other Person approved by the Administrative Agent and
the Borrower (such approval not to be unreasonably withheld); provided, that, (i) the Borrower’s approval shall
not be required during the existence and continuation of an Event of Default and (ii) neither any individual (or a holding company,
investment vehicle or trust for, or owned and operated for the primary benefit, of any individual), nor the Borrower or any Affiliate
of the Borrower, shall qualify as an Eligible Assignee.

 

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

 

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

 

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

 

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

 

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

 

“ERISA Event” means (a) any
“reportable event”, as defined in Section 4043 of ERISA or the regulations issued thereunder with respect to a Plan
(other than an event for which the 30 day notice period is waived); (b) any failure by any Plan to satisfy the minimum funding
standard (within the meaning of Section 412 of the Code or Section 302 of ERISA) applicable to such Plan, in each case whether
or not waived; (c) the filing pursuant to Section 412(c) of the Code or Section 302(c) of ERISA of an application for a waiver
of the minimum funding standard with respect to any Plan; (d) the incurrence by the Borrower or any ERISA Affiliate of any liability
under Title IV of ERISA with respect to the termination of any Plan; (e) the receipt by the Borrower 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 Borrower or any ERISA Affiliate of any liability with respect to the withdrawal
or partial withdrawal from any Plan or Multiemployer Plan; (g) the receipt by the Borrower or any ERISA Affiliate of any notice,
or the receipt by any Multiemployer Plan from the Borrower or any ERISA Affiliate of any notice, concerning the imposition of Withdrawal
Liability or a determination that a Multiemployer Plan is, or is expected to be, insolvent, within the meaning of Title IV of ERISA,
or in endangered or critical status, within the meaning of Section 305 of ERISA; or (h) a determination that any Plan is, or is
expected to be, in “at-risk” status (as defined in Section 303(i)(4) of ERISA or Section 430(i)(4) of the Code).

 

    	 	9	 

     

    

 

“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.

 

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

 

“Exchange Act” means the
United States Securities Exchange Act of 1934.

 

“Excluded Taxes” means, with
respect to the Administrative Agent, any Lender or any other recipient of any payment to be made by or on account of any Obligation
hereunder, (a) Taxes imposed on or measured by net income (however denominated), franchise Taxes, and branch profits Taxes, in
each case (i) imposed by the jurisdiction under which such recipient is organized or in which its principal office or any lending
office from which it makes Loans hereunder is located, or (ii) that are Other Connection Taxes, (b) in the case of a Lender, any
U.S. Federal withholding Tax that is imposed on payments by the Borrower to such Lender pursuant to a law in effect on the date
such Lender becomes a party to this Agreement (or designates a new lending office) (other than pursuant to an assignment request
by the Borrower under Section 2.18(b)), (c) any withholding Taxes imposed by the United States pursuant to FATCA, and (d)
any withholding Tax that is attributable to such Lender’s failure to comply with Section 2.16(f), except, in the case
of clause (b) above, to the extent that (i) such Lender (or its assignor, if any) was entitled, at the time of designation
of a new lending office (or assignment), to receive additional amounts with respect to such withholding Tax pursuant to Section
2.16 or (ii) such withholding Tax shall have resulted from the making of any payment to a location other than the office designated
by the Administrative Agent or such Lender for the receipt of payments of the applicable type.

 

“Existing Credit Agreements”
means, collectively, (a) that certain credit agreement, dated as of September 16, 2014, among the Borrower, certain Subsidiaries
from time to time party thereto, as borrowing subsidiaries, the lenders from time to time party thereto and JPMorgan Chase Bank,
N.A., as administrative agent, (b) that certain credit agreement, dated as of December 14, 2015, among the Borrower, the lenders
from time to time party thereto, and Bank of America, as administrative agent, and (c) that certain credit agreement, dated as
of December 9, 2016, among the Borrower, the lenders from time to time party thereto, and Bank of America, as administrative agent.

 

“FATCA” means Sections 1471
through 1474 of the Code, as of the Closing Date (or any amended or successor version that is substantively comparable and not
materially more onerous to comply with), any current or future regulations promulgated thereunder or official interpretations thereof,
any agreements entered into pursuant to Section 1471(b)(1) of the Code and any fiscal or regulatory legislation, rules or practices
adopted pursuant to any intergovernmental agreement entered into in connection with the implementation of such Sections of the
Code.

 

“Federal Funds Effective Rate”
means, for any day, the weighted average (rounded upwards, if necessary, to the next 1/100 of 1.00%) of the rates on overnight
Federal funds transactions with members of the Federal Reserve System, as published on the next succeeding Business Day by the
Federal Reserve Bank of New York, or, if such rate is not so published for any day that is a Business Day, the average (rounded
upwards, if necessary, to the next 1/100 of 1.00%) of the quotations for such day for such transactions received by the Administrative
Agent from three Federal funds brokers of recognized standing selected by it; provided, that, if such rate shall
be less than zero, such rate shall be deemed to be zero for purposes of this Agreement.

 

    	 	10	 

     

    

 

“Financial Officer” means,
with respect to any Person, the chief financial officer, principal accounting officer, treasurer, controller or equivalent of such
Person and, solely for purposes of notices given pursuant to Article II, any other officer or employee of the Borrower so
designated by any of the foregoing officers of the Borrower in a notice to the Administrative Agent or any other officer or employee
of the Borrower designated in or pursuant to an agreement between the Borrower and the Administrative Agent.

 

“Fitch” means Fitch, Inc.,
and any successor to its rating agency business.

 

“Foreign Lender” means any
Lender that is not a United States person within the meaning of Section 7701(a)(30) of the Code.

 

“GAAP” means generally accepted
accounting principles in the United States, applied on a consistent basis and subject to Section 1.04.

 

“Governmental Authority”
means any nation or government, any federal, state, local or other political subdivision thereof and any entity exercising executive,
legislative, judicial, taxing, regulatory or administrative functions of or pertaining to government (including, without limitation,
the Bank for International Settlements and the Basel Committee on Banking Supervision or any successor or similar authority to
either of the foregoing).

 

“Guarantee” of or by any
Person (the “guarantor”) means any obligation, contingent or otherwise, of the guarantor guaranteeing or having
the economic effect of guaranteeing any Indebtedness or other obligation of any other Person (the “primary obligor”)
in any manner, whether directly or indirectly, and including any obligation of the guarantor, direct or indirect, (a) to purchase
or pay (or advance or supply funds for the purchase or payment of) such Indebtedness or other obligation or to purchase (or to
advance or supply funds for the purchase of) any security for the payment thereof, (b) to purchase or lease property, securities
or services for the purpose of assuring the owner of such Indebtedness or other obligation of the payment thereof, (c) to maintain
working capital, equity capital or any other financial statement condition or liquidity of the primary obligor so as to enable
the primary obligor to pay such Indebtedness or other obligation or (d) as an account party in respect of any letter of credit
or letter of guaranty issued to support such Indebtedness or obligation; provided, that, the term Guarantee shall
not include endorsements for collection or deposit in the ordinary course of business.

 

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

 

“Hedging Agreement” means
any interest rate protection agreement, foreign currency exchange agreement, commodity price protection agreement or other interest
or currency exchange rate or commodity price hedging arrangement.

 

“Indebtedness” of any Person
means, without duplication, (a) all obligations of such Person for borrowed money or with respect to deposits or advances of any
kind, (b) all obligations of such Person evidenced by bonds, debentures, notes or similar instruments, (c) all obligations of such
Person upon which interest charges are customarily paid, (d) all obligations of such Person under conditional sale or other title
retention agreements relating to property acquired by such Person, (e) all obligations of such Person in respect of the deferred
purchase price of property or services (excluding current accounts payable incurred in the ordinary course of business), (f) 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 (limited to the value of the property securing such Indebtedness
if such Indebtedness has not been assumed), (g) all Guarantees by such Person of Indebtedness of others, (h) all Capital Lease
Obligations of such Person, (i) all obligations, contingent or otherwise, of such Person as an account party in respect of letters
of credit and letters of guaranty, (j) all obligations, contingent or otherwise, of such Person in respect of bankers’ acceptances
and (k) all Securitization Attributable Indebtedness of such Person. The Indebtedness of any Person shall include the Indebtedness
of any other entity (including any partnership in which such Person is a general partner) to the extent such Person is liable therefor
as a result of such Person’s ownership interest in or other relationship with such entity, except to the extent the terms
of such Indebtedness provide that such Person is not liable therefor.

 

    	 	11	 

     

    

 

“Indemnitee” has the meaning
assigned to such term in Section 10.03(b).

 

“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 the
Borrower under any Loan Document and (b) Other Taxes.

 

“Index Debt” means senior,
unsecured, long-term Indebtedness for borrowed money of the Borrower that is not guaranteed by any other Person or subject to any
other credit enhancement.

 

“Interest Election Request”
means a request by the Borrower, appropriately completed and signed by a Financial Officer of the Borrower, to convert or continue
a Borrowing in accordance with Section 2.05, in the form of Exhibit B or any other form approved by the Administrative
Agent and the Borrower (including any form on an electronic platform or electronic transmission system as shall be approved by
the Administrative Agent).

 

“Interest Payment Date” means
(a) with respect to any ABR Loan, the last day of each March, June, September and December and the Maturity Date for the applicable
Loans and (b) with respect to any LIBOR Loan, the last day of the Interest Period applicable to the Borrowing of which such Loan
is a part and the Maturity Date for the applicable Loans and, in addition, in the case of a LIBOR Borrowing with an Interest Period
of more than three months’ duration, each day prior to the last day of such Interest Period that occurs at intervals of three
months’ duration after the first day of such Interest Period. If an Interest Payment Date falls on a date which is not a
Business Day, such Interest Payment Date shall be deemed to be the next succeeding Business Day, or, in the case of LIBOR Loans
where the next succeeding Business Day falls in the next succeeding calendar month, the next preceding Business Day.

 

“Interest Period” means,
with respect to any LIBOR Borrowing, (a) the period commencing on the date of such Borrowing and ending on the numerically corresponding
day in the calendar month that is one, two, three or six months (or, if agreed by all the Lenders, seven days or 12 months) thereafter
(in each case, subject to availability), as the Borrower may elect, or (b) for purposes of the penultimate sentence of Section
2.05(c) only, a Non-Standard Interest Period; provided, that, (i) if any Interest Period would end on a day other
than a Business Day, such Interest Period shall be extended to the next succeeding Business Day unless such next succeeding Business
Day would fall in the next calendar month, in which case such Interest Period shall end on the next preceding Business Day and
(ii) any Interest Period that commences on the last Business Day of a calendar month (or on a day for which there is no numerically
corresponding day in the last calendar month of such Interest Period) shall end on the last Business Day of the last calendar month
of such Interest Period. For purposes hereof, the date of a Borrowing initially shall be the date on which such Borrowing is made
and thereafter shall be the effective date of the most recent conversion or continuation of such Borrowing.

 

    	 	12	 

     

    

 

“IRS” means the United States
Internal Revenue Service.

 

“Judgment Currency” has the
meaning assigned to such term in Section 10.13(b).

 

“Lender” means each of the
Persons listed as a “Lender” on the signature pages to this Agreement, each other Person that becomes a “Lender”
in accordance with this Agreement (including any Person that becomes a party hereto pursuant to an Assignment and Assumption) and
their respective successors and assigns. The term “Lender” shall exclude any Person that shall have ceased to be a
party hereto pursuant to an Assignment and Assumption.

 

“Leverage Ratio” means, at
any date, the ratio of (a) Total Indebtedness as of such date to (b) Consolidated EBITDA for the period of four consecutive fiscal
quarters of the Borrower ended on or most recently prior to such date.

 

“LIBO Rate” means, with respect
to any LIBOR Borrowing for any Interest Period, the applicable Screen Rate as of the Specified Time on the Quotation Day.

 

“LIBOR”, when used in reference
to any Loan or Borrowing, refers to whether such Loan, or the Loans comprising such Borrowing, shall bear interest at a rate determined
by reference to the Adjusted LIBO Rate.

 

“LIBOR Successor Rate” has
the meaning specified in Section 2.19.

 

“LIBOR Successor Rate Conforming Changes”
means, with respect to any proposed LIBOR Successor Rate, any conforming changes to the definition of Alternate Base Rate, Interest
Period, timing and frequency of determining rates and making payments of interest and other administrative matters as may be appropriate,
in the discretion of the Administrative Agent, to reflect the adoption of such LIBOR Successor Rate and to permit the administration
thereof by the Administrative Agent in a manner substantially consistent with market practice (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 LIBOR Successor Rate exists, in such other manner of administration as the Administrative Agent determines
in consultation with the Borrower).

 

“Lien” means, with respect
to any asset, (a) any mortgage, deed of trust, lien, pledge, hypothecation, encumbrance, charge or security interest in, on or
of such asset, (b) the interest of a vendor or a lessor under any conditional sale agreement, capital lease or title retention
agreement (or any financing lease having substantially the same economic effect as any of the foregoing) relating to such asset
and (c) in the case of securities, any purchase option, call or similar right of a third party with respect to such securities.

 

“Loan Documents” means this
Agreement and, except for purposes of Section 10.02(b), each promissory note delivered pursuant to this Agreement.

 

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

 

“Material Acquisition” means
any individual acquisition of (a) Equity Interests in any Person if, after giving effect thereto, such Person will become a Subsidiary
or (b) assets comprising all or substantially all the assets of (or all or substantially all the assets constituting a business
unit, division, product line or line of business of) any Person; provided, that, the aggregate consideration for
such individual acquisition (including Indebtedness assumed in connection therewith, all obligations in respect of deferred purchase
price (including obligations under any purchase price adjustment but excluding earnout or similar payments) and all other consideration
payable in connection therewith (including payment obligations in respect of noncompetition agreements or other arrangements representing
acquisition consideration)) exceeds $250,000,000.

 

    	 	13	 

     

    

 

“Material Adverse Effect”
means a material adverse effect on (a) the business, assets, operations or condition (financial or otherwise) of the Borrower and
the Subsidiaries taken as a whole, (b) the ability of the Borrower to perform any of its obligations under this Agreement or (c)
the rights of or benefits available to the Lenders under this Agreement.

 

“Material Disposition” means
any individual sale, transfer or other disposition of (a) all or substantially all the issued and outstanding Equity Interests
in any Person that are owned by the Borrower or any Subsidiary or (b) assets comprising all or substantially all the assets of
(or all or substantially all the assets constituting a business unit, division, product line or line of business of) of the Borrower
or any Subsidiary; provided, that, the aggregate consideration for such individual sale, transfer or other disposition
(including Indebtedness assumed by the transferee in connection therewith, all obligations in respect of deferred purchase price
(including obligations under any purchase price adjustment but excluding earnout or similar payments) and all other consideration
payable in connection therewith (including payment obligations in respect of noncompetition agreements or other arrangements representing
acquisition consideration)) exceeds $250,000,000.

 

“Material Indebtedness” means
Indebtedness (other than the Loans), or obligations in respect of one or more Hedging Agreements, of Borrower and the Subsidiaries
in an aggregate principal amount exceeding $75,000,000. For purposes of determining Material Indebtedness, the “principal
amount” of the obligations of the Borrower or any Subsidiary in respect of any Hedging Agreement at any time shall be the
maximum aggregate amount (giving effect to any netting agreements) that the Borrower or such Subsidiary would be required to pay
if such Hedging Agreement were terminated at such time.

 

“Material Subsidiary” means
(a) any Subsidiary that directly or indirectly owns any Equity Interest in or Controls any Material Subsidiary and (b) any other
Subsidiary (i) the consolidated revenues of which for the most recent period of four consecutive fiscal quarters of the Borrower
for which financial statements have been delivered pursuant to Section 5.01 (or, prior to the first delivery of such financial
statements, the most recent consolidated financial statements of the Borrower referred to in Section 3.04(a)) were greater
than 10.0% of the Borrower’s total consolidated revenues for such period or (ii) the consolidated assets of which as of the
end of such period were greater than 10.0% of the Borrower’s total consolidated assets as of such date; provided,
that, if at any time the aggregate consolidated revenues or consolidated assets of all Subsidiaries that are not Material
Subsidiaries for or at the end of any period of four fiscal quarters exceeds 10% of the Borrower’s consolidated revenues
for such period or 10% of the Borrower’s consolidated assets as of the end of such period, the Borrower shall (or, in the
event the Borrower has failed to do so within 10 days, the Administrative Agent may) designate sufficient Subsidiaries as “Material
Subsidiaries” to eliminate such excess, and such designated Subsidiaries shall for all purposes of this Agreement constitute
Material Subsidiaries. For purposes of making the determinations required by this definition, revenues and assets of foreign Subsidiaries
shall be converted into US Dollars at the rates used in preparing the consolidated balance sheet of the Borrower included in the
applicable financial statements.

 

“Maturity Date” means (a)
with respect to the 3-Year Term Loans, August 17, 2021, and (b) with respect to the 5-Year Term Loans, August 17, 2023; provided,
that, in each case, if such date is not a Business Day, the applicable Maturity Date shall be the next preceding Business
Day.

 

“Maximum Rate” has the meaning
assigned to such term in Section 10.14.

 

“Moody’s” means Moody’s
Investors Service, Inc., or any successor to the rating agency business thereof.

 

    	 	14	 

     

    

 

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

 

“Non-Consenting Lender” means
any Lender that withholds its consent to any proposed amendment, modification or waiver that cannot become effective without the
consent of such Lender under Section 10.02, and that has been consented to by the Required Lenders and, in the case of any
amendment, modification or waiver that requires the consent of the Required 3-Year Term Loan Lenders or the Required 5-Year Term
Loan Lenders, the Required 3-Year Term Loan Lenders or the Required 5-Year Term Loan Lenders, as applicable.

 

“Non-Standard Interest Period”
means, with respect to any LIBOR Borrowing, a period (other than a seven day Interest Period, and subject to availability) commencing
on the date of such Borrowing and ending less than one month thereafter, as the Borrower may elect.

 

“Obligations” means the due
and punctual payment of (a) the principal of and interest (including interest accruing during the pendency of any bankruptcy, insolvency,
receivership or other similar proceeding, regardless of whether allowed or allowable in such proceeding) on the Loans made to the
Borrower, when and as due, whether at maturity, by acceleration, upon one or more dates set for prepayment or otherwise and (b)
all other monetary obligations, including fees, costs, expenses and indemnities, whether primary, secondary, direct, contingent,
fixed or otherwise (including monetary obligations incurred during the pendency of any bankruptcy, insolvency, receivership or
other similar proceeding, regardless of whether allowed or allowable in such proceeding), of the Borrower under this Agreement
and the other Loan Documents.

 

“Other Connection Taxes”
means, with respect to any recipient of any payment made on account of an Obligation, 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).

 

“Other Taxes” means any and
all present or future recording, stamp, documentary, excise, transfer, sales, property or similar Taxes, charges or levies arising
from any payment made hereunder or under any other Loan Document or from the execution, delivery or enforcement of, or otherwise
with respect to, this Agreement or any other Loan Document, except any such Taxes that are Other Connection Taxes imposed with
respect to an assignment (other than an assignment made pursuant to Section 2.18).

 

“Participant” has the meaning
assigned to such term in Section 10.04(g).

 

“Participant Register” has
the meaning assigned to such term in Section 10.04(g).

 

“Patriot Act” means the Uniting
and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism Act of 2001 (Title III of
Pub. L. No. 107-56 (signed into law October 26, 2001)).

 

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

 

“Permitted Encumbrances”
means:

 

(a)       Liens
imposed by law for Taxes that are not yet due or are being contested in compliance with Section 5.04;

 

    	 	15	 

     

    

 

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

 

(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 clause (k) of Article VII; and

 

(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 Borrower or any of its Subsidiaries;

 

provided, that, the term “Permitted Encumbrances”
shall not include any Lien securing Indebtedness or any Lien in favor of the PBGC.

 

“Permitted Securitization Documents”
means all documents and agreements evidencing, relating to or otherwise governing a Permitted Securitization Financing.

 

“Permitted Securitization Financing”
means one or more transactions pursuant to which (a) Receivables Assets or interests therein are sold or transferred to or financed
by one or more Special Purpose Securitization Subsidiaries, and (b) such Special Purpose Securitization Subsidiaries finance (or
refinance) their acquisition of such Receivables Assets or interests therein, or the financing thereof, by selling or borrowing
against Receivables Assets (including conduit and warehouse financings) and any Hedging Agreements entered into in connection with
such Receivables Assets; provided, that, recourse to the Borrower or any Subsidiary (other than the Special Purpose
Securitization Subsidiaries) in connection with such transactions shall be limited to the extent customary (as determined by the
Borrower in good faith) for similar transactions in the applicable jurisdictions (including, to the extent applicable, in a manner
consistent with the delivery of a “true sale”/“absolute transfer” opinion with respect to any transfer
by the Borrower or any Subsidiary (other than a Special Purpose Securitization Subsidiary)).

 

“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 that is sponsored, maintained or contributed to by the Borrower or any ERISA Affiliate.

 

“Platform” has the meaning
assigned to such term in Section 5.01.

 

“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
assigned to such term in Section 5.01.

 

    	 	16	 

     

    

 

“Quotation Day” means, for
any Interest Period, the day two Business Days prior to the first day of such Interest Period.

 

“Rating Agencies” means Moody’s,
S&P and Fitch.

 

“Ratings” means the public
ratings from time to time established by the Rating Agencies for the Index Debt.

 

“Receivables Assets” means,
with respect to any Person, accounts receivable, indebtedness and other obligations owed to or owned by such Person (whether now
existing or arising or acquired in the future) arising in the ordinary course of business from the sale of goods or services (including
any indebtedness or obligation constituting an account, chattel paper, instrument or general intangible), together with all related
security, collateral, collections, contracts, contract rights, guarantees or other obligations in respect thereof, all proceeds
and supporting obligations and all other related assets which are of the type customarily transferred in connection with a Securitization
Transaction or, solely for purposes of Section 6.01(g) and Section 6.02(l), a transaction contemplated by such sections.

 

“Refinancing Indebtedness”
means, in respect of any Indebtedness (the “Original Indebtedness”), any Indebtedness that extends, renews or
refinances such Original Indebtedness (or any Refinancing Indebtedness in respect thereof); provided, that, (a) the
principal amount of such Refinancing Indebtedness shall not exceed the principal amount of such Original Indebtedness; (b) such
Refinancing Indebtedness shall not constitute an obligation (including pursuant to a Guarantee) of any Subsidiary that shall not
have been an obligor in respect of such Original Indebtedness; and (c) such Refinancing Indebtedness shall not be secured by any
Lien on any asset other than the assets that secured such Original Indebtedness (or would have been required to secure such Original
Indebtedness pursuant to the terms thereof).

 

“Register” has the meaning
assigned to such term in Section 10.04(e).

 

“Related Fund” means, with
respect to any Lender that is a fund that invests in bank loans, any other fund that invests in bank loans and is managed by the
same investment advisor as such Lender or by an Affiliate of such investment advisor.

 

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

 

“Required Lenders” means,
at any time, one or more Lenders having outstanding Loans representing more than 50% of the aggregate principal amount of all the
Loans then outstanding.

 

“Required 3-Year Term Loan Lenders”
means, at any time, one or more 3-Year Term Loan Lenders having outstanding 3-Year Term Loans representing more than 50% of the
aggregate principal amount of all the 3-Year Term Loans then outstanding.

 

“Required 5-Year Term Loan Lenders”
means, at any time, one or more 5-Year Term Loan Lenders having outstanding 5-Year Term Loans representing more than 50% of the
aggregate principal amount of all the 5-Year Term Loans then outstanding.

 

“Revolving Credit Agreement”
means that certain revolving credit agreement, dated as of the Closing Date, among the Borrower, certain Subsidiaries from time
to time party thereto, as borrowing subsidiaries, the lenders from time to time party thereto and Bank of America, as administrative
agent.

 

    	 	17	 

     

    

 

“S&P” means Standard
& Poor’s Ratings Services, a division of McGraw-Hill Financial Inc., and any successor to the rating agency business
thereof.

 

“Sale and Leaseback Transaction”
means any arrangement whereby the Borrower or a Subsidiary, directly or indirectly, shall sell or transfer any property, real or
personal, used or useful in its business, whether now owned or hereafter acquired, and thereafter rent or lease such property or
other property which it intends to use for substantially the same purpose or purposes as the property being sold or transferred.

 

“Sanctioned Country” means,
at any time, a country or territory which is itself the subject or target of any Sanction Laws.

 

“Sanctioned Person” means,
at any time, (a) any Person that is included on any list of designated Persons maintained by the Office of Foreign Assets, Her
Majesty’s Treasury of the United Kingdom, or on any comparable list maintained under applicable Sanction Laws, (b) any Person
located, organized or resident in a Sanctioned Country, (c) any Person that is currently the subject of Sanction Laws, or (d) any
Person owned or controlled by any such Person or the Persons described in the foregoing clause (a), (b) or (c).

 

“Sanction Laws” means laws
and executive orders of the United States, the United Nations Security Council, the European Union, Her Majesty’s Treasury
of the United Kingdom or other relevant and applicable sanctions authority imposing economic or financial sanctions or trade embargoes,
and regulations implementing such laws and executive orders.

 

“Scheduled Unavailability Date”
has the meaning specified in Section 2.19.

 

“Screen Rate” means, in respect
of the LIBO Rate for any Interest Period, a rate per annum equal to the London interbank offered rate as administered by the ICE
Benchmark Administration (or any other Person that takes over the administration of such rate) for deposits in US Dollars (for
delivery on the first day of such Interest Period) with a term equivalent to such Interest Period (or, in the case of a Non-Standard
Interest Period, with a term of one month), as displayed on the applicable Bloomberg screen page that displays such rate (or, in
the event such rate does not appear on a page of the Bloomberg screen, on the appropriate page of such other information service
that publishes such rate as shall be selected by the Administrative Agent from time to time); provided, that, if
the Screen Rate, determined as provided above, would be less than zero, the Screen Rate shall for all purposes of this Agreement
be zero.

 

“SEC” means the United States
Securities and Exchange Commission.

 

“Securitization Attributable Indebtedness”
means, as of any date of determination, the amount of obligations outstanding under the legal documents entered into as part of
any Securitization Transaction on such date that corresponds to the outstanding net investment (including loans) of, or cash purchase
price paid by, the unaffiliated third party purchasers or financial institutions participating in such transaction and, as such,
would be characterized as principal if such transaction were structured as a secured lending transaction rather than as a purchase
(or, to the extent structured as a secured lending transaction, is principal).

 

“Securitization Transaction”
means, with respect to any Person, any financing transaction or series of financing transactions pursuant to which such Person
(or any subsidiary of such Person) may, directly or indirectly, sell, convey or otherwise transfer, or grant a security interest
in, any Receivables Assets of such Person (or any subsidiary of such Person), to a special purpose subsidiary of such Person or
an Affiliate of such Person.

 

    	 	18	 

     

    

 

“Senior Notes Indentures”
means each of (a) the Indenture, dated as of October 14, 2014, between the Borrower and U.S. Bank National Association, as trustee,
relating to the Borrower’s 3.30% Senior Notes due 2019, (b) the Indenture, dated as of October 14, 2014, between the Borrower
and U.S. Bank National Association, as trustee, relating to the Borrower’s 4.50% Senior Notes due 2024, (c) the Indenture,
dated May 15, 2017, between the Borrower and U.S. Bank National Association, as trustee, relating to the Borrower’s 4.875%
Senior Notes due 2027, and (d) the Indenture, dated June 18, 2018, between the Borrower and U.S. Bank National Association, as
trustee, relating to the Borrower’s 5.875% Senior Notes due 2026.

 

“Special Purpose Securitization Subsidiary”
means a direct or indirect wholly-owned Subsidiary of the Borrower established in connection with a Permitted Securitization Financing
for the acquisition of Receivables Assets or interests therein, and which is organized in a manner (as determined by the Borrower
in good faith) intended to reduce the likelihood that it would be substantively consolidated with the Borrower or any of the Subsidiaries
(other than Special Purpose Securitization Subsidiaries) in the event the Borrower or any such Subsidiary becomes subject to a
proceeding under the U.S. Bankruptcy Code (or other insolvency law).

 

“Specified Time” means 11:00
a.m., London time.

 

“Statutory Reserve Rate”
means a fraction (expressed as a decimal), the numerator of which is the number one and the denominator of which is the number
one minus the aggregate of the maximum reserve percentages (including any marginal, special, emergency or supplemental reserves)
expressed as a decimal established by the Board to which the Administrative Agent is subject for eurocurrency funding (currently
referred to as “Eurocurrency Liabilities” in Regulation D of the Board). Such reserve percentages shall include those
imposed pursuant to Regulation D. LIBOR Loans shall be deemed to constitute eurocurrency funding and to be subject to such reserve
requirements without benefit of or credit for proration, exemptions or offsets that may be available from time to time to any Lender
under Regulation D or any comparable regulation. The Statutory Reserve Rate shall be adjusted automatically on and as of the effective
date of any change in any reserve percentage.

 

“subsidiary” means, with
respect to any Person, any corporation or other entity with respect to which such Person alone owns, subsidiaries of such Person
own, or such Person and one or more of its subsidiaries together own, directly or indirectly, capital stock or other equity interests
having ordinary voting power to elect a majority of the members of the board of directors of such corporation or other entity or
having a majority interest in the capital or profits of such corporation or other entity.

 

“Subsidiary” means any subsidiary
of the Borrower.

 

“Syndication Agents” means,
collectively, JPMorgan Chase Bank, N.A., U.S. Bank National Association, MUFG Bank, Ltd. and Wells Fargo Bank, N.A., in their capacities
as syndication agents with respect to the credit facilities established hereunder.

 

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

 

“Total Indebtedness” means,
as of any date, the aggregate principal amount of Indebtedness of the Borrower and the Subsidiaries outstanding as of such date,
computed on a consolidated basis, but excluding contingent obligations of the Borrower or any Subsidiary as an account party in
respect of any letter of credit or letter of guaranty to the extent such letter of credit or letter of guaranty does not support
Indebtedness. For purposes of this definition, the amount of any Indebtedness shall be determined in accordance with GAAP but without
giving effect to any election permitted under GAAP to value such Indebtedness at “fair value” or to any other accounting
principle that would result in the amount of such Indebtedness (other than zero coupon Indebtedness) being below the stated principal
amount thereof.

 

    	 	19	 

     

    

 

“Transactions” means (a)
the execution, delivery and performance by the Borrower of the Loan Documents, (b) the borrowings of Loans hereunder and the use
of the proceeds thereof and (c) the payment of fees and expenses incurred in connection with the foregoing.

 

“Type”, when used in reference
to any Loan or Borrowing, refers to whether the rate of interest on such Loan, or on the Loans comprising such Borrowing, is determined
by reference to the Adjusted LIBO Rate or the Alternate Base Rate.

 

“United States” means the
United States of America.

 

“US Dollars” or “$”
means the lawful currency of the United States.

 

“US Person” means any Person
that is a “United States person” as defined in Section 7701(a)(30) of the Code.

 

“US Tax Compliance Certificate”
has the meaning assigned to such term in Section 2.16(f)(ii)(B)(3).

 

“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, 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.

 

Section
1.02.        Classification of Loans and Borrowings. For purposes of
this Agreement, Loans may be referred to by Type (e.g., a “LIBOR Loan”). Borrowings also may be referred to by Type
(e.g., a “LIBOR Borrowing”).

 

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

 

    	 	20	 

     

    

 

Section
1.04.        Accounting Terms; GAAP. Except as otherwise expressly
provided herein, all terms of an accounting or financial nature used herein shall be construed in accordance with GAAP, as in effect
from time to time. The Borrower will provide a written summary of material changes in GAAP applicable to the Borrower and in the
consistent application thereof with each certificate delivered in accordance with Section 5.01(c) (which requirement for
a written summary of material changes may be satisfied by including such summary in the Borrower’s public filings available
on the SEC’s website at www.sec.gov). If the Borrower notifies the Administrative Agent that the Borrower requests an amendment
to any provision hereof to eliminate the effect of any change occurring after the Closing Date in GAAP or in the application thereof
on the operation of such provision, or if the Administrative Agent notifies the Borrower that the Required Lenders request an amendment
to any provision hereof for such purpose, regardless of whether any such notice is given before or after such change in GAAP or
in the application thereof, then (a) such provision shall be interpreted on the basis of GAAP as in effect and applied immediately
before such change shall have become effective until such notice shall have been withdrawn or such provision shall have been amended
in accordance herewith, and (b) the Borrower shall provide to the Administrative Agent and the Lenders summary financial statements
required under this Agreement or as requested hereunder setting forth an unaudited reconciliation between GAAP as in effect and
applied immediately before such change and GAAP after giving effect to such change. Notwithstanding any other provision contained
herein, (i) all terms of an accounting or financial nature used herein shall be construed, and all computations of amounts and
ratios referred to herein shall be made, without giving effect to any election under Statement of Financial Accounting Standards
159, The Fair Value Option for Financial Assets and Financial Liabilities, or any successor thereto (including pursuant to the
Accounting Standards Codification), to value any Indebtedness of the Borrower or any Subsidiary at “fair value”, as
defined therein, (ii) leases shall continue to be classified and accounted for on a basis consistent with that reflected in the
audited financial statements of the Borrower referred to in Section 3.04(a)(i) for all purposes of this Agreement, notwithstanding
any change in GAAP relating thereto, unless the parties hereto shall enter into a mutually acceptable amendment addressing such
changes, as provided for above, and (iii) all financial statements required to be delivered pursuant to Sections 5.01(a)
and 5.01(b) shall be prepared in accordance with GAAP, as in effect from time to time.

 

Section
1.05.        Currency Translation. For purposes of Article VI
and the definitions employed therein, amounts in currencies other than US Dollars shall be translated into US Dollars at the currency
exchange rates used in preparing the Borrower’s most recent annual or quarterly financial statements.

 

Article
II

The Credits

 

Section
2.01.        Commitments.

 

(a)       Subject
to the terms and conditions set forth herein, each 3-Year Term Loan Lender agrees to make a term loan (each, a “3-Year
Term Loan”) to the Borrower, denominated in US Dollars, on the Closing Date in a principal amount equal to its 3-Year
Term Loan Commitment. Subject to the penultimate sentence of Section 2.05(c), each 3-Year Term Loan shall initially be a
LIBOR Loan with an Interest Period of one (1) month. Amounts repaid or prepaid in respect of 3-Year Term Loans may not be reborrowed.

 

    	 	21	 

     

    

 

(b)       Subject
to the terms and conditions set forth herein, each 5-Year Term Loan Lender agrees to make a term loan (each, a “5-Year
Term Loan”) to the Borrower, denominated in US Dollars, on the Closing Date in a principal amount equal to its 5-Year
Term Loan Commitment. Subject to the penultimate sentence of Section 2.05(c), each 5-Year Term Loan shall initially be a
LIBOR Loan with an Interest Period of one (1) month. Amounts repaid or prepaid in respect of 5-Year Term Loans may not be reborrowed.

 

Section
2.02.        Loans and Borrowings.

 

(a)          (i)       Each 3-Year Term Loan shall
be made as part of a 3-Year Term Loan Borrowing consisting of 3-Year Term Loans of the same Type made by the 3-Year Term Loan Lenders
as outlined in Section 2.01(a). The failure of any 3-Year Term Loan Lender to make a 3-Year Term Loan required to be made
by it shall not relieve any other 3-Year Term Loan Lender of its obligations hereunder; provided, that, the 3-Year
Term Loan Commitments of the 3-Year Term Loan Lenders are several and no 3-Year Term Loan Lender shall be responsible for any other
3-Year Term Loan Lender’s failure to make a 3-Year Term Loan as required.

 

(ii)       Each
5-Year Term Loan shall be made as part of a 5-Year Term Loan Borrowing consisting of 5-Year Term Loans of the same Type made by
the 5-Year Term Loan Lenders as outlined in Section 2.01(b). The failure of any 5-Year Term Loan Lender to make a 5-Year
Term Loan required to be made by it shall not relieve any other 5-Year Term Loan Lender of its obligations hereunder; provided,
that, the 5-Year Term Loan Commitments of the 5-Year Term Loan Lenders are several and no 5-Year Term Loan Lender shall
be responsible for any other 5-Year Term Loan Lender’s failure to make a 5-Year Term Loan as required.

 

(b)       Subject
to Section 2.13, each Borrowing shall be comprised entirely of ABR Loans or LIBOR Loans as the Borrower may request in accordance
herewith. Each Lender at its option may make any Loan by causing any domestic or foreign branch or Affiliate of such Lender to
make such Loan; provided, that, any exercise of such option shall not affect the obligation of the Borrower to repay
such Loan in accordance with the terms of this Agreement.

 

(c)       At
the commencement of each Interest Period for any LIBOR Borrowing, and at the time any Borrowing is converted to or continued as
an ABR Borrowing, such Borrowing shall be in an aggregate amount that is an integral multiple of $1,000,000 and not less than $5,000,000;
provided, that, a LIBOR Borrowing that results from a continuation of an outstanding LIBOR Borrowing may be in an
aggregate amount that is equal to such outstanding Borrowing. Borrowings of more than one Type may be outstanding at the same time;
provided, that, there shall not be more than a total of 15 LIBOR Borrowings in the aggregate at any time outstanding.

 

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

 

Section
2.03.        [Reserved].

 

Section
2.04.        Funding of Borrowings.

 

(a)       Each
Lender shall make each Loan to be made by it hereunder by wire transfer of immediately available funds by 12:00 noon, New York
City time, to the account of the Administrative Agent most recently designated by it for such purpose by notice to the Lenders.
The Administrative Agent will make such Loans available to the Borrower by promptly remitting the amounts so received, in like
funds, to such account as shall be designated by the Borrower for such purpose.

 

    	 	22	 

     

    

 

(b)       Unless
the Administrative Agent shall have received notice from a Lender prior to any Borrowing hereunder that such Lender will not make
available to the Administrative Agent such Lender’s share of such Borrowing, the Administrative Agent may assume that such
Lender has made such share available on such date in accordance with paragraph (a) of this Section and may, in reliance
upon such assumption, make available to the Borrower a corresponding amount. In such event, if a Lender has not in fact made its
share of the applicable Borrowing available to the Administrative Agent, then the applicable Lender and the Borrower severally
agree to pay to the Administrative Agent forthwith on demand such corresponding amount with interest thereon, for each day from
and including the date such amount is made available to the Borrower to but excluding the date of payment to the Administrative
Agent, at (i) in the case of a payment to be made by such Lender, the greater of (A) the Federal Funds Effective Rate and (B) a
rate determined by the Administrative Agent in accordance with banking industry rules on interbank compensation or (ii) in the
case of a payment to be made by the Borrower, the interest rate applicable to such Loans.

 

Section
2.05.        Interest Elections.

 

(a)       Each
Borrowing initially shall be of the Type specified in Section 2.01 and shall have an initial Interest Period as specified
in such Section. Thereafter, the Borrower may elect to convert such Borrowing to a Borrowing of a different Type or to continue
such Borrowing and, in the case of a LIBOR Borrowing, may elect Interest Periods therefor, all as provided in this Section. The
Borrower may elect different options with respect to different portions of the affected Borrowing, in which case each such portion
shall be allocated ratably among the Lenders holding the Loans comprising such Borrowing, and the Loans comprising each such portion
shall be considered a separate Borrowing.

 

(b)       To
make an election pursuant to this Section, the Borrower shall notify the Administrative Agent of such election by telephone (i)
in the case of a conversion of a Borrowing to or a continuation of a Borrowing as a LIBOR Borrowing, by not later than 11:00 a.m.,
New York City time, three Business Days before the date of the proposed continuation or conversion or (ii) in the case of a conversion
of a Borrowing to an ABR Borrowing, not later than 11:00 a.m., New York City time, on the date of the proposed conversion; provided,
that, if the Borrower wishes to request LIBOR Loans having an Interest Period other than 1, 2, 3 or 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., New York City time, four Business Days prior to the requested date of such LIBOR Borrowing, whereupon
the Administrative Agent shall give prompt notice to the applicable Lenders of such request and determine whether the requested
Interest Period is acceptable to all of them and, not later than 11:00 a.m., New York City time, three Business Days before the
requested date of such LIBOR Borrowing, the Administrative Agent shall notify the Borrower (which notice may be by telephone) whether
or not the requested Interest Period has been consented to by all the applicable Lenders. Each such telephonic notice shall be
irrevocable and shall be confirmed promptly by hand delivery or fax to the Administrative Agent of an executed written Interest
Election Request signed by the Borrower. Notwithstanding any other provision of this Section, the Borrower shall not be permitted
to elect an Interest Period for LIBOR Loans that does not comply with Section 2.02(d).

 

    	 	23	 

     

    

 

(c)       Each
telephonic notice referred to in the preceding paragraph (b) and each written Interest Election Request shall specify the
following information in compliance with Section 2.02 and paragraph (e) of this Section:

 

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

 

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

 

(iii)            
whether the resulting Borrowing is to be an ABR Borrowing or a LIBOR Borrowing; and

 

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

 

If any such notice and Interest Election Request requests
a LIBOR Borrowing but does not specify an Interest Period, then the Borrower shall be deemed to have selected an Interest Period
of one month’s duration. Notwithstanding any other provision of this Agreement, the Borrower may elect a Non-Standard Interest
Period on only a single occasion, and only for the purpose of causing the subsequent Interest Periods under this Agreement to end
on the same dates as each “Interest Period” under and as defined in the Existing Credit Agreements. Each Lender waives
any “breakage” costs that it would otherwise be entitled to pursuant to Section 2.15 of any of the Existing Credit
Agreements in connection with the repayment of the Existing Credit Agreements on the Closing Date.

 

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

 

(e)       If
the Borrower fails to deliver a timely Interest Election Request with respect to a LIBOR Borrowing prior to the end of the Interest
Period applicable thereto, then, unless such Borrowing is repaid as provided herein, at the end of such Interest Period such Borrowing
shall be converted to an ABR Borrowing. Notwithstanding any contrary provision hereof, if an Event of Default has occurred and
is continuing and the Administrative Agent, at the request of the Required Lenders, so notifies the Borrower (provided,
that, no such notice shall be required in the case of any Event of Default under clause (h) or (i) of Article
VII with respect to the Borrower), then, so long as an Event of Default is continuing (i) no outstanding Borrowing may be converted
to or continued as a LIBOR Borrowing and (ii) unless repaid, each LIBOR Borrowing shall, at the end of the Interest Period applicable
thereto, be converted to an ABR Borrowing.

 

(f)       To
the extent that any calculation of interest 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.

 

Section
2.06.        Termination of Commitments. The aggregate 3-Year Term
Loan Commitments shall be automatically and permanently reduced to zero on the date of the initial 3-Year Term Loan Borrowing.
The aggregate 5-Year Term Loan Commitments shall be automatically and permanently reduced to zero on the date of the initial 5-Year
Term Loan Borrowing.

 

    	 	24	 

     

    

 

Section
2.07.        [Reserved].

 

Section
2.08.        Repayment of Loans; Evidence of Debt.

 

(a)       The
Borrower hereby unconditionally promises to pay to the Administrative Agent for the account of each Lender the then unpaid principal
amount of each Loan made by such Lender to the Borrower as provided in Section 2.09.

 

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

 

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

 

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

 

(e)       Any
Lender may request that the Loans made by it be evidenced by a promissory note. In such event, the Borrower shall prepare, execute
and deliver to such Lender such a promissory note payable to such Lender (or, if requested by such Lender, to such Lender and its
registered assigns) and in substantially the form attached hereto as Exhibit C. Thereafter, the Loans evidenced by such
promissory note and interest thereon shall at all times (including after assignment pursuant to Section 10.04) be represented
by one or more promissory notes in such form payable to the payee named therein (or, if such promissory note is a registered note,
to such payee and its registered assigns).

 

Section
2.09.        Amortization of Borrowings.

 

(a)(i)The Borrower shall repay
to the 3-Year Term Loan Lenders on the Maturity Date for the 3-Year Term Loans the aggregate principal amount of all 3-Year Term
Loans outstanding on such date.

 

(ii)       The
Borrower shall repay the 5-Year Term Loans to the 5-Year Term Loan Lenders on the last day of each calendar quarter, commencing
December 31, 2018 (or, if the last day of any such quarter shall not be a Business Day, then on the next succeeding Business Day),
in an amount for each such payment equal to 1.25% of the aggregate principal amount of the 5-Year Term Loans made on the Closing
Date; provided, that, the final principal repayment installment of the 5-Year Term Loans shall be repaid on the Maturity
Date for the 5-Year Term Loans and in any event shall be in an amount equal to the aggregate principal amount of all 5-Year Term
Loans outstanding on such date.

 

    	 	25	 

     

    

 

(b)       Prior
to any repayment of any 5-Year Term Loans under Section 2.09(a)(ii), the Borrower shall select the Borrowing or Borrowings
to be repaid and shall notify the Administrative Agent in accordance with Section 2.10(d) as if such repayment were an optional
prepayment. Each repayment of a Borrowing shall be applied ratably to the 5-Year Term Loans included in the repaid Borrowing. Repayments
of 5-Year Term Loans shall be accompanied by accrued interest on the amounts repaid.

 

Section
2.10.        Prepayment of Loans.

 

(a)       The
Borrower shall have the right at any time and from time to time to prepay any Borrowing in whole or in part, subject to the requirements
of this Section.

 

(b)       [Reserved].

 

(c)       Prior
to any optional prepayment of Borrowings hereunder, the Borrower shall select the Borrowing or Borrowings to be prepaid and shall
specify such selection in the notice of such prepayment pursuant to paragraph (d) of this Section.

 

(d)       The
Borrower shall notify the Administrative Agent by telephone (confirmed by hand delivery or fax or any other form approved by the
Administrative Agent and the Borrower, including any form on an electronic platform or electronic transmission system as shall
be approved by the Administrative Agent) of any optional prepayment hereunder (i) in the case of a LIBOR Borrowing, not later than
11:00 a.m., New York City time, three Business Days before the date of prepayment or (ii) in the case of prepayment of an ABR Borrowing,
not later than 11:00 a.m., New York City time, on the date of prepayment, or, in each case, such shorter period of time as is acceptable
to the Administrative Agent in its sole discretion. Each such notice shall be irrevocable and shall specify the prepayment date
and the principal amount of each Borrowing or portion thereof to be prepaid; provided, that, a notice of optional
prepayment may state that such notice is conditioned upon the occurrence of subsequent events (including the effectiveness of other
credit facilities), in which case such notice may be revoked by the Borrower (by notice to the Administrative Agent on or prior
to the specified effective date) if such condition is not satisfied. Promptly following receipt of any such notice, the Administrative
Agent shall advise the Lenders of the contents thereof. Each partial prepayment of any Borrowing shall be in an amount that would
be permitted in the case of an advance of a Borrowing of the same Type as provided in Section 2.02. Each voluntary prepayment
of the 5-Year Term Loans shall be applied to reduce the subsequent scheduled installments (including the balance due on the Maturity
Date for the 5-Year Term Loans) of the 5-Year Term Loans to be made pursuant to Section 2.09(a)(ii) as specified by the
Borrower in the notice of prepayment notice delivered to the Administrative Agent (or, in the absence of any such specification,
ratably in accordance with the amounts of such installments). Each prepayment of a Borrowing shall be applied ratably to the Loans
included in the prepaid Borrowing. Prepayments shall be accompanied by accrued interest to the extent required by Section 2.12.

 

Section
2.11.        Fees.

 

(a)       The
Borrower agrees to pay to the Administrative Agent, for the account of each Lender, on the Closing Date, an upfront fee in the
amount separately agreed upon between the Borrower and the Arrangers.

 

    	 	26	 

     

    

 

(b)       The
Borrower agrees to pay to the Administrative Agent, for its own account, fees payable in the amounts and at the times separately
agreed upon between the Borrower and the Administrative Agent.

 

(c)       All
fees payable hereunder shall be paid in US Dollars on the dates due, in immediately available funds. Fees paid shall not be refundable
under any circumstances.

 

(d)       To
the extent that any calculation of 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.

 

Section
2.12.        Interest.

 

(a)          (i)       The 3-Year Term Loans comprising
each ABR Borrowing shall bear interest at the Alternate Base Rate plus the Applicable Rate set forth under the caption “3-Year
Term Loan – ABR Spread” in the definition of such term.

 

(ii)       The
5-Year Term Loans comprising each ABR Borrowing shall bear interest at the Alternate Base Rate plus the Applicable Rate
set forth under the caption “5-Year Term Loan – ABR Spread” in the definition of such term.

 

(b)          (i)       The 3-Year Term Loans comprising
each LIBOR Borrowing shall bear interest at the Adjusted LIBO Rate for the Interest Period in effect for such Borrowing plus
the Applicable Rate set forth under the caption “3-Year Term Loan – LIBO Rate Spread” in the definition of such
term.

 

(ii)       The
5-Year Term Loans comprising each LIBOR Borrowing shall bear interest at the Adjusted LIBO Rate for the Interest Period in effect
for such Borrowing plus the Applicable Rate set forth under the caption “5-Year Term Loan – LIBO Rate Spread”
in the definition of such term.

 

(c)       [Reserved].

 

(d)       Notwithstanding
the foregoing, if any principal of or interest on any Loan or any fee or other amount payable by the Borrower hereunder shall not
be paid when due, whether at stated maturity, upon acceleration or otherwise, such overdue amount shall bear interest, after as
well as before judgment, at a rate per annum equal to (i) in the case of overdue principal of any Loan, 2.00% per annum plus
the rate otherwise applicable to such Loan as provided in the preceding paragraphs of this Section or (ii) in the case of any other
amount, 2.00% per annum plus the rate applicable to 5-Year Term Loans that are ABR Loans as provided in paragraph (a)(ii)
of this Section.

 

(e)       Accrued
interest on each Loan shall be payable in arrears on each Interest Payment Date for such Loan; provided, that, (i)
interest accrued pursuant to paragraph (d) of this Section shall be payable on demand, (ii) in the event of any repayment
or prepayment of any Loan, accrued interest on the principal amount repaid or prepaid shall be payable on the date of such repayment
or prepayment and (iii) in the event of any conversion of any LIBOR Loan prior to the end of the current Interest Period therefor,
accrued interest on such Loan shall be payable on the effective date of such conversion. All interest shall be payable in US Dollars.

 

    	 	27	 

     

    

 

(f)       All
interest hereunder shall be computed on the basis of a year of 360 days, except that interest computed by reference to the Alternate
Base Rate at times when the Alternate Base Rate is based on Bank of America’s “prime rate” shall be computed
on the basis of a year of 365 days (or 366 days in a leap year), and in each case shall be payable for the actual number of days
elapsed (including the first day but excluding the last day). The applicable Alternate Base Rate or Adjusted LIBO Rate shall be
determined by the Administrative Agent, and such determination shall be conclusive absent manifest error.

 

(g)       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.

 

Section
2.13.        Alternate Rate of Interest; Illegality.

 

(a)       If
prior to the commencement of any Interest Period for a LIBOR Borrowing:

 

(i)       the
Administrative Agent determines (which determination shall be conclusive absent manifest error) that adequate and reasonable means
do not exist for ascertaining the Adjusted LIBO Rate for such Interest Period; or

 

(ii)       the
Administrative Agent is advised by the Required Lenders that the Adjusted LIBO Rate for such Interest Period will not adequately
and fairly reflect the cost to the Lenders of making or maintaining the Loans included in such Borrowing for such Interest Period;

 

then the Administrative Agent shall give notice (which
may be telephonic) thereof to the Borrower and the Lenders as promptly as practicable and, until the Administrative Agent notifies
the Borrower and the Lenders that the circumstances giving rise to such notice no longer exist, (A) any Interest Election Request
that requests the conversion of any Borrowing to, or continuation of any Borrowing as, a LIBOR Borrowing shall be ineffective,
(B) any LIBOR Borrowing shall be converted to, or continued as, on the last day of the Interest Period applicable thereto, an ABR
Borrowing, and (C) the utilization of the Adjusted LIBO Rate component in determining the Alternate Base Rate shall be suspended.

 

(b)       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 Loan or to determine or charge interest rates based upon the Adjusted LIBO Rate, or any Governmental
Authority has imposed material restrictions on the authority of such Lender to purchase or sell, or to take deposits of, US Dollars
in the London interbank market, then, on notice thereof by such Lender to the Borrower through the Administrative Agent, (i) any
obligation of such Lender to issue, make, maintain, fund or charge interest with respect to any such Loan or continue LIBOR Loans
or to convert ABR Loans to LIBOR Loans shall be suspended, and (ii) if such notice asserts the illegality of such Lender making
or maintaining ABR Loans the interest rate on which is determined by reference to the Adjusted LIBO Rate component of the Alternate
Base Rate, the interest rate on which ABR Loans of such Lender shall, if necessary to avoid such illegality, be determined by the
Administrative Agent without reference to the Adjusted LIBO Rate component of the Alternate Base Rate, in each case until such
Lender notifies the Administrative Agent and the Borrower that the circumstances giving rise to such determination no longer exist.
Upon receipt of such notice, (A) the Borrower shall, upon demand from such Lender (with a copy to the Administrative Agent), prepay
or, if applicable, convert all LIBOR Loans of such Lender to ABR Loans (the interest rate on which ABR Loans of such Lender shall,
if necessary to avoid such illegality, be determined by the Administrative Agent without reference to the Adjusted LIBO Rate component
of the Alternate Base Rate), either on the last day of the Interest Period therefor, if such Lender may lawfully continue to maintain
such LIBOR Loans to such day, or immediately, if such Lender may not lawfully continue to maintain such LIBOR Loans and (B) if
such notice asserts the illegality of such Lender determining or charging interest rates based upon the Adjusted LIBO Rate, the
Administrative Agent shall during the period of such suspension compute the Alternate Base Rate applicable to such Lender without
reference to the Adjusted LIBO Rate component thereof until the Administrative Agent is advised in writing by such Lender that
it is no longer illegal for such Lender to determine or charge interest rates based upon the Adjusted LIBO Rate. Upon any such
prepayment or conversion, the Borrower shall also pay accrued interest on the amount so prepaid or converted.

 

    	 	28	 

     

    

 

Section
2.14.        Increased Costs.

 

(a)       If
any Change in Law shall:

 

(i)                
impose, modify or deem applicable any reserve, special deposit, compulsory loan, insurance charge or similar requirement against
assets of, deposits with or for the account of, or credit extended by, any Lender (except any such reserve requirement reflected
in the Adjusted LIBO Rate);

 

(ii)              
impose on any Lender or any applicable interbank market any other condition (other than with respect to Taxes) affecting this Agreement
or LIBOR Loans made by any Lender; or

 

(iii)            
subject any Lender 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;

 

and the result of any of the foregoing shall be to increase
the cost to such Lender of making, continuing, converting into or maintaining any Loan (or of maintaining its obligation to make
any such Loan) or to reduce the amount of any sum received or receivable by such Lender hereunder (whether of principal, interest
or otherwise), then, upon request of such Lender, the Borrower will pay to such Lender such additional amount or amounts as will
compensate such Lender for such additional costs incurred or reduction suffered.

 

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

 

(c)               
Each Lender shall determine the amount or amounts necessary to compensate such Lender or such Lender’s holding company, as
the case may be, as specified in paragraph (a) or (b) of this Section using the methods customarily used by it for
such purpose (and if such Lender uses more than one such method, the method used hereunder shall be that which most accurately
determines such amount or amounts). A certificate of a Lender setting forth the amount or amounts necessary to compensate such
Lender or such Lender’s holding company, as the case may be, as specified in paragraph (a) or (b) of this Section,
and an explanation in reasonable detail of the method by which such amount shall have been determined, shall be delivered to the
Borrower and shall be conclusive absent manifest error. The Borrower shall pay such Lender the amount shown as due on any such
certificate within 15 Business Days after receipt thereof. Notwithstanding the foregoing, no Lender shall be entitled to seek compensation
for additional amounts or costs pursuant to this Section unless it is the general policy of such Lender at such time to seek compensation
under similar circumstances from other similarly situated borrowers with credit agreements containing yield protection provisions
that provide for such compensation.

 

    	 	29	 

     

    

 

(d)              
Failure or delay on the part of any Lender to demand compensation pursuant to this Section shall not constitute a waiver of such
Lender’s right to demand such compensation; provided, that, the Borrower shall not be required to compensate
a Lender pursuant to this Section for any increased costs or reductions incurred more than 180 days prior to the date that such
Lender notifies the Borrower of the Change in Law giving rise to such increased costs or reductions and delivers a certificate
with respect thereto as provided in paragraph (c) above; provided, further, that, if the Change in
Law giving rise to such increased costs or reductions is retroactive, then the 180-day period referred to above shall be extended
to include the period of retroactive effect thereof.

 

Section
2.15.        Break Funding Payments. In the event of (a) the payment
of any principal of any LIBOR Loan other than on the last day of an Interest Period applicable thereto (including as a result of
an Event of Default or an optional prepayment of Loans), (b) the conversion of any LIBOR Loan to a Loan of a different Type or
Interest Period other than on the last day of the Interest Period applicable thereto, (c) the failure to borrow, convert, continue
or prepay any LIBOR Loan on the date specified in any notice delivered pursuant hereto (regardless of whether such notice is revoked
under Section 2.10(d)) or (d) the assignment or deemed assignment of any LIBOR Loan other than on the last day of the Interest
Period applicable thereto as a result of a request by the Borrower pursuant to Section 2.18, the Borrower shall compensate
each Lender for the loss, cost and expense attributable to such event. Such loss, cost or expense to any Lender shall be deemed
to include an amount determined by such Lender to be the excess, if any, of (i) the amount of interest which would have accrued
on the principal amount of such Loan had such event not occurred, at the Adjusted LIBO Rate that would have been applicable to
such Loan, for the period from the date of such event to the last day of the then current Interest Period therefor (or, in the
case of a failure to borrow, convert or continue, for the period that would have been the Interest Period for such Loan), over
(ii) the amount of interest that would accrue on such principal amount for such period at the interest rate which such Lender would
bid were it to bid, at the commencement of such period, for deposits in US Dollars of a comparable amount and period from other
banks in the London interbank market. A certificate of any Lender setting forth any amount or amounts that such Lender is entitled
to receive pursuant to this Section, and setting forth in reasonable detail the calculations used by such Lender to determine such
amount or amounts, shall be delivered to the Borrower and shall be conclusive absent manifest error. The Borrower shall pay such
Lender the amount shown as due on any such certificate within 30 days after receipt thereof.

 

Section
2.16.        Taxes.

 

(a)       Any
and all payments by or on account of the Borrower in respect of any Obligation hereunder or under any other Loan Document shall
be made free and clear of and without deduction for any Taxes, except as required by applicable law. If any applicable law (as
determined in the good faith discretion of an applicable withholding agent) requires the deduction of any Tax from any such payment,
then the withholding agent shall make such deduction and timely pay the full amount deducted to the relevant Governmental Authority
in accordance with applicable law. If any applicable withholding agent shall be required to deduct any Indemnified Taxes from such
payments, then the sum payable by the Borrower shall be increased as necessary so that after making all required deductions for
Indemnified Taxes (including deductions applicable to additional sums payable under this Section) the Administrative Agent or the
applicable Lender, as the case may be, receives an amount equal to the sum it would have received had no such deductions for Indemnified
Taxes been made.

 

    	 	30	 

     

    

 

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

 

(c)       The
Borrower shall indemnify the Administrative Agent and each Lender, within 15 Business Days after written demand therefor, for the
full amount of any Indemnified Taxes paid by the Administrative Agent or such Lender, as the case may be, on or with respect to
any payment by or on account of any obligation of the Borrower hereunder or under any other Loan Document (including Indemnified
Taxes imposed or asserted on or attributable to amounts payable under this Section) and any penalties, interest and reasonable
expenses arising therefrom or with respect thereto, whether or not such Indemnified Taxes were correctly or legally imposed or
asserted by the relevant Governmental Authority. A certificate as to the amount of such payment or liability setting forth in reasonable
detail the circumstances giving rise thereto and the calculations used by such Lender to determine the amount thereof delivered
to the Borrower by a Lender, or by the Administrative Agent, on its own behalf or on behalf of a Lender, shall be conclusive absent
manifest error.

 

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

 

(e)       Each
Lender shall severally indemnify the Administrative Agent for (i) any Taxes (but, in the case of any Indemnified Taxes, only to
the extent that the Borrower has not already indemnified the Administrative Agent for such Indemnified Taxes and without limiting
the obligation of the Borrower to do so) attributable to such Lender and (ii) any Taxes attributable to such Lender’s failure
to comply with the provisions of Section 10.04(g) relating to the maintenance of a Participant Register, in each case that
are paid or payable by the Administrative Agent in connection with any Loan Document and any penalties, interest and 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. The indemnity under this paragraph (e) shall be paid within 15 Business Days after
the Administrative Agent delivers to the applicable Lender a certificate stating the amount of Taxes so paid or payable by the
Administrative Agent. Such certificate shall be conclusive of the amount so paid or payable absent manifest error.

 

(f)        (i)        Any Lender that is entitled
to an exemption from or reduction of withholding Tax with respect to payments made under any Loan Document shall deliver to the
Borrower and the Administrative Agent, at the time or times reasonably requested by the Borrower or the Administrative Agent, such
properly completed and executed documentation reasonably requested by the Borrower or the Administrative Agent as will permit such
payments to be made without withholding or at a reduced rate of withholding. In addition, any Lender, if reasonably requested by
the Borrower or the Administrative Agent, shall deliver such other documentation prescribed by applicable law or reasonably requested
by the Borrower or the Administrative Agent as will enable the Borrower or the Administrative Agent to determine whether or not
such Lender is subject to backup withholding or information reporting requirements. Notwithstanding anything to the contrary in
the preceding two sentences, the completion, execution and submission of such documentation (other than such documentation set
forth in Sections 2.16(f)(ii)(A), (ii)(B) and (ii)(D)) 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.

 

    	 	31	 

     

    

 

(ii)       Without
limiting the generality of the foregoing,

 

(A)             
any Lender that is a US Person shall deliver to the Borrower and the Administrative Agent on or prior to the date on which such
Lender becomes a Lender under this Agreement (and from time to time thereafter upon the reasonable request of the Borrower or the
Administrative Agent), executed originals of IRS Form W-9 certifying that such Lender is exempt from U.S. Federal backup withholding
tax;

 

(B)             
any Foreign Lender shall, to the extent it is legally entitled to do so, deliver to the Borrower and the Administrative Agent (in
such number of copies as shall be requested by the recipient) on or prior to the date on which such Foreign Lender becomes a Lender
under this Agreement (and from time to time thereafter upon the reasonable request of the Borrower or the Administrative Agent),
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 originals of IRS Form W-8BEN or W-8BEN-E 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 or W-8BEN-E 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 originals 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 D-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 the 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 “US Tax Compliance Certificate”) and (y) executed originals of IRS Form W-8BEN or W-8BEN-E; or

 

(4)              
to the extent a Foreign Lender is not the beneficial owner, executed originals of IRS Form W-8IMY, accompanied by IRS Form W-8ECI,
IRS Form W-8BEN or W-8BEN-E, a US Tax Compliance Certificate substantially in the form of Exhibit D-2 or Exhibit D-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 US Tax Compliance Certificate substantially in the form of Exhibit D-4
on behalf of each such direct and indirect partner;

 

    	 	32	 

     

    

 

(C)             
any Foreign Lender shall, to the extent it is legally entitled to do so, deliver to the Borrower and the Administrative Agent (in
such number of copies as shall be requested by the recipient) on or prior to the date on which such Foreign Lender becomes a Lender
under this Agreement (and from time to time thereafter upon the reasonable request of the Borrower or the Administrative Agent),
executed originals of any other form prescribed by applicable law as a basis for claiming exemption from or a reduction in U.S.
Federal withholding Tax, duly completed, together with such supplementary documentation as may be prescribed by applicable law
to permit the Borrower or the Administrative Agent to determine the withholding or deduction required to be made; 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 Borrower and the Administrative Agent at the time or times
prescribed by law and at such time or times reasonably requested by the Borrower 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 Borrower or the Administrative Agent as may be necessary for the Borrower 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 Closing Date.

 

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

 

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

 

(h)       If
any party 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 pursuant to this Section (including by the payment of additional amounts pursuant to this Section), it shall
pay to the indemnifying party an amount equal to such refund (but only to the extent of indemnity payments made under this Section
with respect to the Taxes giving rise to such refund), net of all out-of-pocket expenses (including Taxes) of such indemnified
party and without interest (other than any interest paid by the relevant Governmental Authority with respect to such refund). Such
indemnifying party, upon the request of such indemnified party, shall repay to such indemnified party the amount paid over pursuant
to this paragraph (plus any penalties, interest or other charges imposed by the relevant Governmental Authority) in the event that
such indemnified party is required to repay such refund to such Governmental Authority. Notwithstanding anything to the contrary
in this paragraph, in no event will the indemnified party be required to pay any amount to an indemnifying party pursuant to this
paragraph the payment of which would place the indemnified party in a less favorable net after-Tax position than the indemnified
party would have been in if the Tax subject to indemnification and giving rise to such refund had not been deducted, withheld or
otherwise imposed and the indemnification payments or additional amounts with respect to such Tax had never been paid. This paragraph
shall not be construed to require any indemnified party to make available its Tax returns (or any other information relating to
its Taxes that it deems confidential) to the indemnifying party or any other Person.

 

    	 	33	 

     

    

 

Section
2.17.        Payments Generally; Pro Rata Treatment; Sharing of Set-offs.

 

(a)       The
Borrower shall make each payment required to be made by it hereunder or under any other Loan Document (whether of principal, interest
or fees, or of amounts payable under Section 2.14, 2.15 or 2.16, or otherwise) at or prior to the time expressly
required hereunder or under such other Loan Document for such payment (or, if no such time is expressly required, at or prior to
12:00 noon, New York City time), on the date when due, in immediately available funds, without any defense, set–off, recoupment,
deduction or counterclaim. Any amounts received after such time on any date may, in the discretion of the Administrative Agent,
be deemed to have been received on the next succeeding Business Day for purposes of calculating interest thereon. All such payments
shall be made to the Administrative Agent to the applicable account specified by it for the account of the Lenders or, in any such
case, to such other account as the Administrative Agent shall from time to time specify in a notice delivered to the Borrower;
provided, that, payments pursuant to Sections 2.14, 2.15, 2.16 and 10.03 shall be made
directly to the Persons entitled thereto and payments pursuant to other Loan Documents shall be made to the Persons specified therein
(it being agreed that the Borrower will be deemed to have satisfied its obligations with respect to payments referred to in this
proviso if it shall make such payments to the persons entitled thereto in accordance with instructions provided by the Administrative
Agent; the Administrative Agent agrees to provide such instructions upon request, and the Borrower will not be deemed to have failed
to make such a payment if it shall transfer such payment to an improper account or address as a result of the failure of the Administrative
Agent to provide proper instructions). The Administrative Agent shall distribute any such payments received by it for the account
of any Lender or other Person promptly, in accordance with customary banking practices, following receipt thereof at the appropriate
lending office or other address specified by such Lender or other Person. Except as otherwise provided in this Agreement, if any
payment hereunder shall be due on a day that is not a Business Day, the date for payment shall be extended to the next succeeding
Business Day and, in the case of any payment accruing interest, interest thereon shall be payable for the period of such extension.
All payments hereunder, including of principal or interest in respect of any Loan, shall, except as otherwise expressly provided
herein, be made in US Dollars; all other payments hereunder and under each other Loan Document shall be made in US Dollars. Any
payment required to be made by the Administrative Agent hereunder shall be deemed to have been made by the time required if the
Administrative Agent shall, at or before such time, have taken the necessary steps to make such payment in accordance with the
regulations or operating procedures of the clearing or settlement system used by the Administrative Agent to make such payment.

 

    	 	34	 

     

    

 

(b)       If
any Lender shall, by exercising any right of set-off or counterclaim or otherwise, obtain payment in respect of any principal of
or interest on its 3-Year Term Loan or its 5-Year Term Loan or other Obligations resulting in such Lender receiving payment of
a proportion of the aggregate amount of its 3-Year Term Loan or its 5-Year Term Loan and accrued interest thereon or other such
Obligations greater than its pro rata share thereof as provided herein, then the Lender receiving such greater proportion shall
purchase (for cash at face value) participations in the 3-Year Term Loans or 5-Year Term Loans, as applicable, of the other 3-Year
Term Loan Lenders or 5-Year Term Loan Lenders, as applicable, to the extent necessary so that the amount of all such payments shall
be shared by the 3-Year Term Loan Lenders or the 5-Year Term Loan Lenders, as applicable, ratably in accordance with the aggregate
amount of principal of and accrued interest on their respective 3-Year Term Loans or the 5-Year Term Loans, as applicable, and
other amounts owing to them; provided, that, (i) if any such participations are purchased and all or any portion
of the payment giving rise thereto is recovered, such participations shall be rescinded and the purchase price restored to the
extent of such recovery, without interest, and (ii) the provisions of this paragraph shall not be construed to apply to any payment
made by the Borrower pursuant to and in accordance with the express terms of this Agreement (for the avoidance of doubt, as in
effect from time to time) or any payment obtained by a Lender as consideration for the assignment of or sale of a participation
in any of its Loans to any assignee or participant, other than to the Borrower or any Subsidiary or Affiliate thereof (as to which
the provisions of this paragraph shall apply). The Borrower consents to the foregoing and agrees, to the extent it may effectively
do so under applicable law, that any Lender acquiring a participation pursuant to the foregoing arrangements may exercise against
the Borrower rights of set–off and counterclaim with respect to such participation as fully as if such Lender were a direct
creditor of the Borrower in the amount of such participation. Any purchaser of a participation under this paragraph shall have
the benefit of Sections 2.14, 2.15 and 2.16 with respect to the participation purchased, but shall not be
deemed by virtue of such purchase to have extended any Commitment that it had not extended prior to such purchase.

 

(c)       Unless
the Administrative Agent shall have received notice from the Borrower prior to the date on which any payment is due to the Administrative
Agent for the account of the Lenders hereunder that the Borrower will not make such payment, the Administrative Agent may assume
that the Borrower has made such payment on such date in accordance herewith and may, in reliance upon such assumption, distribute
to the Lenders the amount due. In such event, if the Borrower has not in fact made such payment, then each of the Lenders severally
agrees to repay to the Administrative Agent forthwith on demand the amount so distributed to such Lender with interest thereon,
for each day from and including the date such amount is distributed to it to but excluding the date of payment to the Administrative
Agent, at the greater of the Federal Funds Effective Rate and a rate determined by the Administrative Agent in accordance with
banking industry rules on interbank compensation.

 

(d)       If
any Lender shall fail to make any payment required to be made by it hereunder to or for the account of the Administrative Agent,
then the Administrative Agent may, in its discretion (notwithstanding any contrary provision hereof), (i) apply any amounts thereafter
received by the Administrative Agent for the account of such Lender to satisfy such Lender’s obligations in respect of such
payment until all such unsatisfied obligations have been discharged or (ii) hold any such amounts in a segregated account as cash
collateral for, and application to, any future funding obligations of such Lender pursuant to this Agreement (including pursuant
to Sections 2.04(b), 2.17(c) and 10.03(c)), in each case in such order as shall be determined by the Administrative
Agent in its discretion.

 

Section
2.18.        Mitigation Obligations; Replacement of Lenders.

 

    	 	35	 

     

    

 

(a)       If
any Lender requests compensation under Section 2.14, or if the Borrower is required to pay any additional amount to any
Lender or any Governmental Authority for the account of any Lender pursuant to Section 2.16, then such Lender shall consult
with the Borrower regarding any actions that could be taken to reduce amounts payable under such Sections and the costs of taking
such actions and shall, at the request of the Borrower following such consultations, 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, such designation or assignment (i) would eliminate or reduce amounts
payable pursuant to Section 2.14 or Section 2.16, as the case may be, in the future and (ii) would not subject such
Lender to any unreimbursed cost or expense and would not otherwise be disadvantageous to such Lender. The Borrower hereby agrees
to pay all reasonable, direct, out-of-pocket costs and expenses incurred by any Lender in connection with any such designation
or assignment.

 

(b)       If
(i) any Lender requests compensation under Section 2.14, or (ii) the Borrower is required to pay any additional amount to
any Lender or any Governmental Authority for the account of any Lender pursuant to Section 2.16, or (iii) any Lender is
a Non-Consenting Lender, then the Borrower may, at its sole expense and effort, upon notice to such Lender and the Administrative
Agent, require such Lender to assign and delegate, without recourse (in accordance with and subject to the restrictions contained
in Section 10.04), all its interests, rights and obligations under the Loan Documents to an assignee that shall assume such
obligations (which assignee may be another Lender, if a Lender accepts such assignment); provided, that, (A) the
Borrower shall have received the prior written consent of the Administrative Agent, which consent shall not be unreasonably withheld,
(B) such Lender shall have received payment of an amount equal to the outstanding principal of its Loans, accrued interest thereon,
accrued fees and all other amounts payable to it hereunder, from the assignee (to the extent of such outstanding principal, funded
participations and accrued interest and fees) or the Borrower (in the case of all other amounts), (C) in the case of any such assignment
and delegation resulting from a claim for compensation under Section 2.14 or payments required to be made pursuant to Section
2.16, such assignment will result (or is reasonably expected to result) in a reduction in such compensation or payments, and
(D) in the case of any such assignment and delegation resulting from the status of such Lender as a Non-Consenting Lender, such
assignment, together with any assignments by other Non-Consenting Lenders, will enable the Borrower to obtain sufficient consents
to cause the applicable amendment, modification or waiver to become effective. A Lender shall not be required to make any such
assignment and delegation if, prior thereto, as a result of a waiver by such Lender or otherwise, the circumstances entitling the
Borrower to require such assignment and delegation cease to apply. Each party hereto agrees that an assignment and delegation required
pursuant to this paragraph may be effected pursuant to an Assignment and Assumption executed by the Borrower, the Administrative
Agent and the assignee and that the Lender required to make such assignment and delegation need not be a party thereto.

 

Section
2.19.        Successor LIBOR. 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 or Required Lenders notify the Administrative Agent (with, in the case of the Required
Lenders, a copy to the Borrower) that the Borrower or Required Lenders (as applicable) have determined, that: (a) adequate and
reasonable means do not exist for ascertaining the London interbank offered rate for any requested Interest Period, including because
the Screen Rate is not available or published on a current basis and such circumstances are unlikely to be temporary; or (b) the
administrator of the Screen Rate or a Governmental Authority having jurisdiction over the Administrative Agent has made a public
statement identifying a specific date after which the London interbank offered rate or the Screen Rate shall no longer be made
available, or used for determining the interest rate of loans (such specific date, the “Scheduled Unavailability Date”);
or (c) syndicated loans currently being executed, or that include language similar to that contained in this Section 2.19,
are being executed or amended (as applicable) to incorporate or adopt a new benchmark interest rate to replace the London interbank
offered rate; then, reasonably promptly after such determination by the Administrative Agent or receipt by the Administrative Agent
of such notice, as applicable, the Administrative Agent and the Borrower may amend this Agreement to replace the London interbank
offered rate with an alternate benchmark rate (including any mathematical or other adjustments to the benchmark (if any) incorporated
therein), giving due consideration to any evolving or then existing convention for similar syndicated credit facilities for such
alternative benchmarks (any such proposed rate, a “LIBOR Successor Rate”), together with any proposed LIBOR
Successor Rate Conforming Changes and any such amendment shall become effective at 5:00 p.m., New York City time, on the fifth
Business Day after the Administrative Agent shall have posted such proposed amendment to all Lenders and the Borrower unless, prior
to such time, Lenders comprising the Required Lenders have delivered to the Administrative Agent written notice that such Required
Lenders do not accept such amendment.

 

    	 	36	 

     

    

 

If no LIBOR Successor Rate has been determined
and the circumstances under clause (a) above exist or the Scheduled Unavailability Date has occurred (as applicable), the
Administrative Agent will promptly so notify the Borrower and each Lender. Thereafter, (x) the obligation of the Lenders to make
or maintain LIBOR Loans shall be suspended (to the extent of the affected LIBOR Loans or Interest Periods), and (y) the Adjusted
LIBO Rate component shall no longer be utilized in determining the Alternate Base Rate. Upon receipt of such notice, the Borrower
may revoke any pending request for a Borrowing of, conversion to or continuation of LIBOR Loans (to the extent of the affected
LIBOR Loans or Interest Periods) or, failing that, will be deemed to have converted such request into a request for an ABR Borrowing
(subject to the foregoing clause (y)) in the amount specified therein.

 

Notwithstanding anything else herein, any definition
of LIBOR Successor Rate shall provide that in no event shall such LIBOR Successor Rate be less than zero for purposes of this Agreement.

 

Article
III

Representations and Warranties

 

The Borrower represents and warrants to the
Lenders that:

 

Section
3.01.        Organization; Powers. The Borrower and each of the Material
Subsidiaries is duly organized, validly existing and in good standing under the laws of the jurisdiction of its incorporation,
has all requisite power and authority to carry on its business as now conducted and, except where the failure to do so, individually
or in the aggregate, could not reasonably be expected to result in a Material Adverse Effect, is qualified to do business in, and
is in good standing in, every jurisdiction where such qualification is required.

 

Section
3.02.        Authorization; Enforceability. The Transactions are within
the Borrower’s powers and have been duly authorized by all necessary corporate and, if required, stockholder action. This
Agreement has been duly executed and delivered by the Borrower and constitutes a legal, valid and binding obligation of the Borrower,
enforceable in accordance with its terms, subject to applicable bankruptcy, insolvency, reorganization, moratorium or other laws
affecting creditors’ rights generally and subject to general principles of equity, regardless of whether considered in a
proceeding in equity or at law.

 

Section
3.03.        Governmental Approvals; No Conflicts. The Transactions
(a) do not require any consent or approval of, registration or filing with, or any other action by, any Governmental Authority,
except such as have been obtained or made and are in full force and effect and except as may be required under applicable securities
laws and regulations, (b) will not violate any applicable law or regulation or the charter, by-laws or other organizational documents
of the Borrower or any order of any Governmental Authority, (c) will not violate or result in a default under any indenture, agreement
or other instrument binding upon the Borrower or any Subsidiary or their assets, or give rise to a right thereunder to require
any payment to be made by the Borrower or any Subsidiary, and (d) will not result in the creation or imposition of any Lien on
any asset of the Borrower or any Subsidiary.

 

    	 	37	 

     

    

 

Section
3.04.        Financial Condition; No Material Adverse Change.

 

(a)       The
Borrower has heretofore furnished to the Lenders its consolidated balance sheet and consolidated statements of income, stockholders’
equity and cash flows (i) as of and for its fiscal year ended June 30, 2018, audited by and accompanied by the opinion of Deloitte
& Touche LLP, independent registered public accounting firm, and (ii) as of and for its fiscal quarter ended March 31, 2018,
certified by a Financial Officer of the Borrower. Such financial statements present fairly, in all material respects, the financial
position and results of operations and cash flows of the Borrower and the consolidated Subsidiaries as of such dates and for such
periods in accordance with GAAP.

 

(b)       Since
June 30, 2018, there has been no material adverse change in the business, assets, operations or condition, financial or otherwise,
of the Borrower and the Subsidiaries, taken as a whole.

 

Section
3.05.        Properties.

 

(a)       The
Borrower and each Subsidiary has good title to, or valid leasehold interests in, all its real and personal property material to
its business, except for minor defects in title that do not interfere with its ability to conduct its business as currently conducted
or to utilize such properties for their intended purposes and except where the failure to do so, individually or in the aggregate,
could not reasonably be expected to result in a Material Adverse Effect.

 

(b)       Each
of the Borrower and the Subsidiaries owns or is licensed to use all trademarks, tradenames, copyrights, patents and other intellectual
property material to its business, and the use thereof by the Borrower and the Subsidiaries does not infringe upon the rights of
any other Person, except for any such infringements that, individually or in the aggregate, could not reasonably be expected to
result in a Material Adverse Effect.

 

Section
3.06.        Litigation and Environmental Matters.

 

(a)       There
are no actions, suits or proceedings by or before any arbitrator or Governmental Authority pending against or, to the knowledge
of the Borrower, threatened against or affecting the Borrower and the Subsidiaries (i) as to which there is a reasonable possibility
of an adverse determination and that, if adversely determined, could reasonably be expected, individually or in the aggregate,
to result in a Material Adverse Effect, (ii) that involve this Agreement or (iii) that involve the Transactions.

 

(b)       Except
with respect to any other matters that, individually or in the aggregate, could not reasonably be expected to result in a Material
Adverse Effect, none of the Borrower or the Subsidiaries (i) has failed to comply with any Environmental Law or to obtain, maintain
or comply with any permit, license or other approval required under any Environmental Law, (ii) has become subject to any Environmental
Liability, (iii) has received notice of any claim with respect to any Environmental Liability or (iv) knows of any basis for any
Environmental Liability.

 

    	 	38	 

     

    

 

Section
3.07.        Compliance with Laws and Agreements. The Borrower and
each Subsidiary is in compliance with all laws, regulations and orders of any Governmental Authority applicable to it or its property
and all indentures, agreements and other instruments binding upon it or its property, except where the failure to be in compliance,
individually or in the aggregate, could not reasonably be expected to result in a Material Adverse Effect.

 

Section
3.08.        Federal Reserve Regulations.

 

(a)       Neither
the Borrower nor any Subsidiary is engaged principally, or as a substantial part of its activities, in the business of extending
credit for the purpose of purchasing or carrying Margin Stock (within the meaning of Regulation U of the Board).

 

(b)       No
part of the proceeds of any Loan has been or will be used, whether directly or indirectly, and whether immediately, incidentally
or ultimately, in any manner or for any purpose that has resulted or will result in a violation of Regulation T, U or X of the
Board.

 

Section
3.09.        Investment Company Status. Neither the Borrower nor any
of the Subsidiaries is an “investment company” as defined in, or subject to regulation under, the Investment Company
Act of 1940.

 

Section
3.10.        Taxes. The Borrower and the Subsidiaries have timely filed
or caused to be filed all Tax returns and reports required to have been filed and have paid or caused to be paid all Taxes required
to have been paid by them, except (a) any Taxes that are being contested in good faith by appropriate proceedings and for which
the Borrower or such Subsidiary has set aside on its books adequate reserves or (b) to the extent that the failure to do so could
not reasonably be expected to result in a Material Adverse Effect.

 

Section
3.11.        ERISA. 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 Topic 715) did not, as of the date of the
most recent financial statements reflecting such amounts, exceed by more than $75,000,000 the fair market value of the assets of
such Plan, and the present value of all accumulated benefit obligations of all Plans in the aggregate (based on the assumptions
used for purposes of Accounting Standards Codification Topic 715) did not, as of the date of the most recent financial statements
reflecting such amounts, exceed by more than $75,000,000 the fair market value of the assets of all such Plans. As of the Closing
Date, the Borrower is not, and the Borrower will not be, using its own “plan assets” (within the meaning of 29 CFR
§ 2510.3-101, as modified by Section 3(42) of ERISA) of one or more of its Benefit Plans in connection with the Loans or the
Commitments.

 

Section
3.12.        Disclosure. None of the reports, financial statements,
certificates or other information (excluding any projections or forward-looking information and information of a general economic
or industry nature) furnished by or on behalf of the Borrower to the Arrangers, the Administrative Agent or any Lender in connection
with the negotiation of this Agreement or delivered hereunder, taken as a whole and including any supplements thereto, contained
or will contain, at the time furnished, any material misstatement of fact or omitted or will omit, at the time furnished, to state
any material fact necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading.
All projections and other forward-looking information contained in the reports, financial statements, certificates or other information
furnished by or on behalf of the Borrower to the Arrangers, the Administrative Agent or any Lender in connection with the negotiation
of this Agreement or delivered hereunder have been or will be prepared by the Borrower in good faith based upon assumptions that
were reasonable at the time made and at the time such projections and other information were or will be furnished (it being understood
that such projections are not to be viewed as fact and that actual results may vary therefrom and that such variations may be material
and the Borrower does not make any representation that such projections will be realized). As of the Closing Date, the information
included in any Beneficial Ownership Certification, if applicable, is true and correct in all respects.

 

    	 	39	 

     

    

 

Section
3.13.        Solvency. Immediately after the consummation of the Transactions
on the Closing Date, (a) the fair value of the assets of the Borrower and the Subsidiaries on a consolidated basis, at a fair valuation,
will exceed their debts and liabilities, subordinated, contingent or otherwise, (b) the present fair saleable value of the property
of the Borrower and the Subsidiaries on a consolidated basis will be greater than the amount that will be required to pay the probable
liability of their debts and other liabilities, subordinated, contingent or otherwise, as such debts and other liabilities become
absolute and matured, (c) the Borrower and the Subsidiaries on a consolidated basis will be able to pay their debts and liabilities,
subordinated, contingent or otherwise, as such debts and liabilities become absolute and matured and (d) the Borrower and the Subsidiaries
on a consolidated basis will not have unreasonably small capital with which to conduct the business in which they are engaged as
such business is now conducted and is proposed to be conducted following the Closing Date.

 

Section
3.14.        Anti-Corruption Laws and Sanction Laws. The Borrower has
implemented and will maintain and enforce policies and procedures that are in the Borrower’s judgment appropriate to ensure
compliance by the Borrower, its Subsidiaries, and their directors, officers, employees and agents with applicable Anti-Corruption
Laws and applicable Sanction Laws, and the Borrower, its Subsidiaries and their respective officers and employees and, to the knowledge
of the Borrower, its directors and agents, are in compliance with Anti-Corruption Laws and applicable Sanction Laws in all material
respects. None of (a) the Borrower, any Subsidiary or, to the knowledge of the Borrower, any of their respective directors, officers
or employees, or (b) to the knowledge of the Borrower, any agent of the Borrower or any Subsidiary that will act in any capacity
in connection with or benefit from the credit facilities established hereby, is a Sanctioned Person. No Loan, use of the proceeds
of any Loan or other transaction contemplated by this Agreement will result in a violation by any party hereto of Anti-Corruption
Laws or applicable Sanction Laws.

 

Section
3.15.        EEA Financial Institution. The Borrower is not an EEA
Financial Institution.

 

Article
IV

Conditions

 

Section
4.01.        Closing Date. This Agreement shall not become effective
until, and the obligations of the Lenders to make Loans hereunder on the Closing Date shall not become effective until, in each
case, each of the following conditions shall be satisfied (or waived in accordance with Section 10.02):

 

(a)               
(i) The Administrative Agent (or its counsel) shall have received from each party hereto either (A) a counterpart of this Agreement
signed on behalf of such party or (B) written evidence satisfactory to the Administrative Agent (which may include fax or other
electronic image scan transmission of a signed signature page of this Agreement) that such party has signed a counterpart of this
Agreement, and (ii) each Lender requesting a promissory note shall have received an executed copy of such promissory note.

 

    	 	40	 

     

    

 

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

 

(c)               
Each Lender shall have received (i) all documentation and other information required by bank regulatory authorities under applicable
“know your customer” and anti-money laundering rules and regulations, including the Patriot Act, that has been requested
by the Administrative Agent or such Lender, and (ii) with respect to the Borrower, to the extent the Borrower qualifies as a “legal
entity customer” under the Beneficial Ownership Regulation, a Beneficial Ownership Certification in relation to the Borrower
to the extent requested by such Lender.

 

(d)              
The Administrative Agent shall have received a favorable written opinion (addressed to the Administrative Agent and the Lenders
and dated the Closing Date) of Paul, Weiss, Rifkind, Wharton & Garrison LLP, counsel for the Borrower, in form and substance
reasonably satisfactory to the Administrative Agent. The Borrower hereby requests such counsel to deliver such opinions.

 

(e)               
The Administrative Agent shall have received a certificate, dated the Closing Date and signed by the President, a Vice President
or a Financial Officer of the Borrower, confirming that, after giving effect to the Transactions to occur on the Closing Date,
(i) the representations and warranties of the Borrower set forth in this Agreement are true and correct (A) in the case of representations
and warranties qualified as to materiality, in all respects, and (B) otherwise, in all material respects, in each case on and as
of the Closing Date, except to the extent such representations and warranties expressly relate to an earlier date, in which case
such representations and warranties shall be true and correct (1) in the case of representations and warranties qualified as to
materiality, in all respects, and (2) otherwise, in all material respects, as of such earlier date, and (ii) no Default or Event
of Default shall have occurred and be continuing.

 

(f)               
All Indebtedness under the Existing Credit Agreements shall be repaid in full and any commitments, guarantees or security interests
relating thereto shall be terminated, in each case on or prior to the Closing Date.

 

(g)               
The Administrative Agent (for itself or for the benefit of the Lenders) and the Arrangers shall have received all fees and other
amounts due and payable on or prior to the Closing Date pursuant to this Agreement or any engagement letter or fee letter entered
into by the Borrower in connection herewith and not theretofore paid, including, to the extent invoiced not later than the second
Business Day prior to the Closing Date (or such later date as the Borrower may agree), reimbursement or payment of all reasonable
and documented out-of-pocket expenses (including reasonable fees, charges and disbursements of counsel) required to be reimbursed
or paid by the Borrower in connection with this Agreement and the Transactions.

 

The Administrative Agent shall notify the Borrower and the Lenders
of the Closing Date, and such notice shall be conclusive and binding.

 

Article
V

Affirmative Covenants

 

    	 	41	 

     

    

 

Until the Commitments have expired or been terminated
and the principal of and interest on each Loan and all fees and other amounts payable hereunder shall have been paid in full, the
Borrower covenants and agrees with the Lenders that:

 

Section
5.01.        Financial Statements and Other Information. The Borrower
will furnish to the Administrative Agent:

 

(a)               
within 90 days after the end of each fiscal year of the Borrower, its audited consolidated balance sheet and related consolidated
statements of income and cash flows as of the end of and for such year, setting forth in each case in comparative form the figures
for the previous fiscal year, all reported on by Deloitte & Touche LLP or other independent registered public accountants of
recognized national standing (without a “going concern” or like qualification or exception and without any qualification
or exception as to the scope of such audit (other than solely as a result of an upcoming maturity date with respect to the Obligations
or to the “Obligations” under and as defined in the Revolving Credit Agreement, in each case to occur within 12 months
from the time such report and opinion are delivered)) to the effect that such consolidated financial statements present fairly,
in all material respects, the financial condition and results of operations and cash flows of the Borrower and its consolidated
Subsidiaries on a consolidated basis in accordance with GAAP consistently applied;

 

(b)              
within 45 days after the end of each of the first three fiscal quarters of each fiscal year of the Borrower, its consolidated balance
sheet and related consolidated statements of income and cash flows as of the end of and for such fiscal quarter and the then elapsed
portion of the fiscal year, setting forth in each case in comparative form the figures for the corresponding period or periods
of (or, in the case of the balance sheet, as of the end of) the previous fiscal year, all certified by one of its Financial Officers
as presenting fairly, in all material respects, the financial condition and results of operations and cash flows of the Borrower
and its consolidated Subsidiaries on a consolidated basis in accordance with GAAP consistently applied, subject to normal year-end
audit adjustments and the absence of footnotes;

 

(c)               
concurrently with any delivery of financial statements under clause (a) or (b) above, a certificate of a Financial
Officer of the Borrower (i) certifying as to whether a Default has occurred and, if a Default has occurred, specifying the details
thereof and any action taken or proposed to be taken with respect thereto and (ii) setting forth reasonably detailed calculations
demonstrating compliance with Sections 6.06 and 6.07;

 

(d)              
promptly after the same become publicly available, copies of all periodic and other reports, proxy statements and other materials
filed by the Borrower or any of the Subsidiaries with the SEC, or any Governmental Authority succeeding to any or all of the functions
of the SEC, or with any national securities exchange, or distributed by the Borrower or any Subsidiary to its shareholders generally,
as the case may be (other than (i) registration statements on Form S-8, (ii) filings under Sections 16(a) or 13(d) of the Exchange
Act and (iii) routine filings related to employee benefit plans);

 

(e)               
promptly, but not later than five Business Days after the publication of any change by Moody’s, S&P or Fitch in its Rating,
notice of such change; and

 

(f)               
promptly following any request therefor, such other information regarding the operations, business affairs and financial condition
of the Borrower or any of the Subsidiaries, or compliance with the terms of this Agreement, as the Administrative Agent or any
Lender may reasonably request.

 

    	 	42	 

     

    

 

Information required to be delivered pursuant
to clauses (a), (b) and (d) of this Section shall be deemed to have been delivered on the date on which the
Borrower posts such information on the Borrower’s website on the Internet at cdkglobal.com or when such information
is posted on the SEC’s website at www.sec.gov. Notices required to be delivered pursuant to clause (e) of this
Section shall be deemed to have been delivered on the date on which the Borrower posts such information on the Internet at the
website cdkglobal.com or when the publication is first made available by means of Moody’s, S&P’s or Fitch
(as the case may be) Internet subscription service. The Administrative Agent shall promptly make available to each Lender a copy
of the certificate to be delivered pursuant to clause (c) of this Section by posting such certificate on the Platform or
by other similar means.

 

The Borrower hereby acknowledges that (a) the
Administrative Agent and/or any Arranger may, but shall not be obligated to, make available to the Lenders materials and/or information
provided by or on behalf of the Borrower 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 Borrower 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 Borrower
hereby agrees that (i) all Borrower Materials that are to be made available to Public Lenders shall be clearly and conspicuously
marked “PUBLIC” which, at a minimum, shall mean that the word “PUBLIC” shall appear prominently on the
first page thereof; (ii) by marking Borrower Materials “PUBLIC,” the Borrower shall be deemed to have authorized the
Administrative Agent, the Arrangers and the Lenders to treat such Borrower Materials as not containing any material non-public
information with respect to the Borrower or its securities for purposes of United States Federal and state securities laws (provided,
however, that, to the extent such Borrower Materials constitute Information (as defined in Section 10.12),
they shall be treated as set forth in Section 10.12); (iii) all Borrower Materials marked “PUBLIC” are permitted
to be made available through a portion of the Platform designated “Public Side Information;” and (iv) the Administrative
Agent and the Arrangers 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.”

 

Section
5.02.        Notices of Material Events. The Borrower will furnish
to the Administrative Agent and each Lender prompt written notice (in any case within five Business Days) of the following:

 

(a)               
the occurrence of any Default;

 

(b)              
the filing or commencement of any action, suit or proceeding by or before any arbitrator or Governmental Authority against or affecting
the Borrower or any Subsidiary as to which there is a reasonable possibility of an adverse determination and that, if adversely
determined, could reasonably be expected to result in a Material Adverse Effect;

 

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

 

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

 

Each notice delivered under this Section shall be accompanied by
a statement of a Financial Officer or other executive officer of the Borrower setting forth the details of the event or development
requiring such notice and any action taken or proposed to be taken with respect thereto.

 

    	 	43	 

     

    

 

Section
5.03.        Existence; Conduct of Business. The Borrower will, and
will cause each Material Subsidiary to, do or cause to be done all things necessary to preserve, renew and keep in full force and
effect its legal existence and the rights, licenses, permits, privileges and franchises material to the conduct of its business;
provided, that, the foregoing shall not prohibit any merger, consolidation, liquidation or dissolution permitted
under Section 6.04.

 

Section
5.04.        Taxes. The Borrower will, and will cause each Subsidiary
to, pay its Tax liabilities, that, if not paid, could result in a Material Adverse Effect before the same shall become delinquent
or in default, except where (a) the validity or amount thereof is being contested in good faith by appropriate proceedings, (b)
the Borrower or such Subsidiary has set aside on its books adequate reserves with respect thereto in accordance with GAAP and (c)
the failure to make payment pending resolution of such contest could not reasonably be expected to result in a Material Adverse
Effect.

 

Section
5.05.        Business and Properties. The Borrower will, and will cause
each Material Subsidiary to, at all times, keep and maintain all property material to the conduct of its business in good working
order and condition, ordinary wear and tear excepted.

 

Section
5.06.        Books and Records; Inspection Rights. The Borrower will
keep, and will cause each of its Subsidiaries to keep, proper books of record and account in which full, true and correct entries
are made of all dealings and transactions in relation to its business and activities. The Borrower will, and will cause each of
its Subsidiaries to, permit any representatives designated by the Administrative Agent, or by any Lender through the Administrative
Agent, at reasonable times and upon reasonable prior notice, to visit and inspect its properties, to examine and make extracts
from its books and records, and to discuss its affairs, finances and condition with its officers and, so long as a representative
of the Borrower is present, independent accountants.

 

Section
5.07.        Compliance with Laws. The Borrower will, and will cause
each Subsidiary to, comply with all laws, rules, regulations and orders of any Governmental Authority applicable to it or its property
(including ERISA and Environmental Laws), except where the failure to do so, individually or in the aggregate, could not reasonably
be expected to result in a Material Adverse Effect. The Borrower will maintain in effect and enforce policies and procedures designed
to ensure compliance by the Borrower, the Subsidiaries and their respective directors, officers, employees and agents with Anti-Corruption
Laws and applicable Sanction Laws.

 

Section
5.08.        Use of Proceeds.

 

(a)       The
Borrower will use the proceeds of the Loans made hereunder on the Closing Date for general corporate purposes. The Borrower will
ensure that at the time each Loan is made and after giving effect to the use of the proceeds thereof, no more than 25% of the value
of the assets of either the Borrower or the Borrower and the Subsidiaries taken as a whole subject to the restrictions of Section
6.01 or 6.04 shall be represented by Margin Stock (within the meaning of Regulation U of the Board).

 

(b)       Notwithstanding
the foregoing, the Borrower will not request any Loans and no part of the proceeds of any Loan will be used, whether directly or
indirectly, by the Borrower, any Subsidiary or any of their respective directors, officers, employees and agents (i) in furtherance
of an offer, payment, promise to pay, or authorization of the payment or giving of money, or anything else of value, to any Person
in violation of any Anti-Corruption Laws, (ii) for the purpose of funding, financing or facilitating any activities, business or
transaction of or with any Sanctioned Person or in any Sanctioned Country or (iii) in any manner that would result in the violation
of any Sanction Laws applicable to any party hereto.

 

    	 	44	 

     

    

 

Article
VI

Negative Covenants

 

Until the Commitments have expired or terminated
and the principal of and interest on each Loan and all fees and other amounts payable hereunder have been paid in full, the Borrower
covenants and agrees with the Lenders that:

 

Section
6.01.        Liens. The Borrower will not, and will not permit any
Subsidiary to, create, incur, assume or permit to exist any Lien on any property or asset now owned or hereafter acquired by it,
or assign or sell any income or revenues (including accounts receivable) or rights in respect thereof, except:

 

(a)               
Permitted Encumbrances;

 

(b)              
any Lien on any property or asset of the Borrower or any Subsidiary existing on the Closing Date and set forth in Schedule 6.01;
provided, that, (i) such Lien shall not apply to any other property or asset of the Borrower or any Subsidiary and
(ii) such Lien shall secure only those obligations that it secures on the Closing Date and extensions, renewals and replacements
thereof that do not increase the outstanding principal amount thereof plus the aggregate amount of fees, underwriting discounts,
premiums and other costs and expenses incurred in connection with such extensions, renewals or replacements;

 

(c)               
any Lien existing on any property or asset prior to the acquisition thereof by the Borrower or any Subsidiary or existing on any
property or asset of any Person that becomes a Subsidiary after the Closing Date prior to the time such Person 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 the Borrower or any
Subsidiary 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 Subsidiary, as the case may be, and extensions, renewals and replacements thereof that do not increase the
outstanding principal amount thereof plus the aggregate amount of fees, underwriting discounts, premiums and other costs
and expenses incurred in connection with such extensions, renewals or replacements;

 

(d)              
Liens on fixed or capital assets acquired, constructed or improved by the Borrower or any Subsidiary; provided, that,
(i) such Liens and the Indebtedness secured thereby are incurred prior to or within 180 days after such acquisition or the completion
of such construction or improvement, (ii) the Indebtedness secured thereby does not exceed the cost of acquiring, constructing
or improving such fixed or capital assets and (iii) such security interests shall not apply to any other property or assets of
the Borrower or any Subsidiary;

 

(e)               
Liens on securities deemed to exist under repurchase agreements and reverse repurchase agreements entered into by the Borrower
and the Subsidiaries;

 

(f)               
Liens in connection with any Permitted Securitization Financing; provided, that, (i) such Liens extend only to the
assets subject thereto and Equity Interests of Special Purpose Securitization Subsidiaries, and (ii) such Permitted Securitization
Financing is permitted pursuant to Section 6.02(k);

 

(g)               
(i) Liens solely on Receivables Assets securing Indebtedness permitted pursuant to Section 6.02(l); provided, that,
such Liens extend only to the assets securing such Indebtedness; and (ii) Liens solely on Receivables Assets securing Indebtedness
incurred by the Borrower in connection with (x) a sale or factoring of Receivables Assets or (y) a loan or line of credit secured
solely by Receivables Assets; provided, that, (A) such Liens extend only to the assets securing such Indebtedness,
and (B) the sum of (1) the aggregate outstanding balance of accounts receivable sold by the Borrower and/or subject to a loan or
line of credit in all transactions permitted pursuant to this Section 6.01(g)(ii), plus (2) the aggregate outstanding
balance of accounts receivable sold by the Borrower and the Subsidiaries and/or subject to a loan or line of credit in all transactions
permitted pursuant to Section 6.02(l), plus (3) the aggregate outstanding balance of accounts receivable sold by
the Borrower and the Subsidiaries in connection with Permitted Securitization Financings permitted pursuant to Section 6.02(k),
shall not at any time exceed the greater of (x) $150,000,000 during the term of this Agreement, and (y) 35% of the aggregate outstanding
balance of accounts receivable of the Borrower and the Subsidiaries at such time; and

 

    	 	45	 

     

    

 

(h)              
other Liens not expressly permitted by clauses (a) through (g) above; provided, that, the sum of (i)
the aggregate principal amount of the outstanding obligations secured by Liens permitted under this clause (h), plus
(ii) the aggregate outstanding principal amount of Indebtedness of Subsidiaries permitted by Section 6.02(m), plus
(iii) the aggregate outstanding amount of Attributable Debt in respect of Sale and Leaseback Transactions permitted by Section
6.03(b) shall not at any time exceed the greater of $125,000,000 and 15% of Consolidated Net Tangible Assets.

 

Section
6.02.        Subsidiary Indebtedness. The Borrower will not permit
any Subsidiary to incur any Indebtedness or to issue any preferred stock or other preferred Equity Interests except:

 

(a)               
Indebtedness, preferred stock or other preferred Equity Interests existing on the Closing Date and set forth on Schedule 6.02,
and any extensions, renewals or replacements of any such Indebtedness that do not increase the outstanding principal amount thereof
plus the aggregate amount of fees, underwriting discounts, premiums and other costs and expenses incurred in connection
with such extension, renewal or replacement;

 

(b)              
Indebtedness of any Subsidiary owing to the Borrower or any other Subsidiary; provided, that, no such Indebtedness
shall have been assigned to, or subjected to any Lien in favor of, a Person other than the Borrower or a Subsidiary;

 

(c)               
Indebtedness, preferred stock or preferred Equity Interests of any Person existing at the time it becomes a Subsidiary and any
Refinancing Indebtedness in respect of any such Indebtedness; provided, that, such Indebtedness, preferred stock
or preferred Equity Interests shall not have been incurred or issued, as applicable, in contemplation of or in connection with
such Person becoming a Subsidiary;

 

(d)              
Indebtedness of any Subsidiary (i) incurred to finance the acquisition, construction or improvement of any fixed or capital assets,
including Capital Lease Obligations; provided, that, such Indebtedness is incurred prior to or within 180 days after
such acquisition or the completion of such construction or improvement and the principal amount of such Indebtedness does not exceed
the cost of acquiring, constructing or improving such fixed or capital assets; or (ii) assumed in connection with the acquisition
of any fixed or capital assets; and, in each case, Refinancing Indebtedness in respect of any of the foregoing;

 

(e)               
Indebtedness of any Person that becomes a Subsidiary (or of any Person not previously a Subsidiary that is merged or consolidated
with or into a Subsidiary in a transaction permitted hereunder) after the Closing Date, or Indebtedness of any Person that is assumed
by any Subsidiary in connection with an acquisition of assets by such Subsidiary; provided, that, (i) such Indebtedness
exists at the time such Person becomes a Subsidiary (or is so merged or consolidated) or such assets are acquired and is not created
in contemplation of or in connection with such Person becoming a Subsidiary (or such merger or consolidation) or such assets being
acquired and (ii) no Subsidiary (other than such Person or any special purpose merger Subsidiary with which such Person is merged
or consolidated) shall Guarantee or otherwise become liable for the payment of such Indebtedness, and Refinancing Indebtedness
in respect of any of the foregoing;

 

    	 	46	 

     

    

 

(f)               
Guarantees by any Subsidiary of Indebtedness of the Borrower or any other Subsidiary; provided, that, (i) the Indebtedness
of any other Subsidiary so guaranteed is permitted under this Section and (ii) any Subsidiary that shall guarantee Indebtedness
of the Borrower shall also have guaranteed the Obligations under an agreement satisfactory in form and substance to the Administrative
Agent;

 

(g)               
Indebtedness incurred in connection with Hedging Agreements entered into for non-speculative purposes;

 

(h)              
Indebtedness owed in respect of any overdrafts and related liabilities arising from treasury, depository and cash management services
or in connection with any automated clearing-house transfers of funds, in each case incurred in the ordinary course of business;

 

(i)                
Indebtedness in respect of workers’ compensation claims and bid, performance or surety bonds, and Indebtedness in respect
of letters of credit, bank guarantees and similar instruments issued for the account of any Subsidiary in the ordinary course of
business supporting such obligations;

 

(j)                
Indebtedness arising in connection with the endorsement of instruments for collection or deposit in the ordinary course;

 

(k)              
Indebtedness arising in connection with Permitted Securitization Financings; provided, that, the sum of (x) the aggregate
outstanding balance of accounts receivable sold by the Borrower and the Subsidiaries in connection with Permitted Securitization
Financings permitted pursuant to this Section 6.02(k), plus (y) the aggregate outstanding balance of accounts receivable
sold by the Borrower and the Subsidiaries and/or subject to a loan or line of credit in all transactions permitted pursuant to
Section 6.02(l), plus (z) the aggregate outstanding balance of accounts receivable sold by the Borrower and/or subject
to a loan or line of credit in all transactions permitted pursuant to Section 6.01(g)(ii), shall not at any time exceed
the greater of (i) $150,000,000 during the term of this Agreement, and (ii) 35% of the aggregate outstanding balance of accounts
receivable of the Borrower and the Subsidiaries at such time;

 

(l)                
Indebtedness arising in connection with (i) a sale or factoring of Receivables Assets or (ii) a loan or line of credit secured
solely by Receivables Assets; provided, that, the sum of (x) the aggregate outstanding balance of accounts receivable
sold by the Borrower and the Subsidiaries and/or subject to a loan or line of credit in all transactions permitted pursuant to
this Section 6.02(l), plus (y) the aggregate outstanding balance of accounts receivable sold by the Borrower and
the Subsidiaries in connection with Permitted Securitization Financings permitted pursuant to Section 6.02(k), plus
(z) the aggregate outstanding balance of accounts receivable sold by the Borrower and/or subject to a loan or line of credit in
all transactions permitted pursuant to Section 6.01(g)(ii), shall not at any time exceed the greater of (A) $150,000,000
during the term of this Agreement, and (B) 35% of the aggregate outstanding balance of accounts receivable of the Borrower and
the Subsidiaries at such time;

 

    	 	47	 

     

    

 

(m)            
other Indebtedness not expressly permitted by clauses (a) through (l) above; provided, that, the sum
of (i) the aggregate principal amount of outstanding obligations secured by Liens permitted under Section 6.01(h), plus
(ii) the aggregate outstanding principal amount of Indebtedness permitted under this clause (m), plus (iii) the aggregate
outstanding amount of Attributable Debt in respect of Sale and Leaseback Transactions permitted by Section 6.03(b) shall
not at any time exceed the greater of $125,000,000 and 15% of Consolidated Net Tangible Assets; and

 

(n)              
Indebtedness of each “Borrowing Subsidiary” under and as defined in the Revolving Credit Agreement.

 

Section
6.03.        Sale and Leaseback Transactions. The Borrower will not,
and will not permit any of the Subsidiaries to, enter into or be a party to any Sale and Leaseback Transaction except:

 

(a)               
Sale and Leaseback Transactions to which the Borrower or any Subsidiary is a party as of the Closing Date that are set forth on
Schedule 6.03; and

 

(b)              
other Sale and Leaseback Transactions not expressly permitted by clause (a) above; provided, that, the sum
of (i) the aggregate principal amount of outstanding obligations secured by Liens permitted under Section 6.01(h), plus
(ii) the aggregate outstanding principal amount of Indebtedness of Subsidiaries permitted by Section 6.02(m), plus
(iii) the aggregate outstanding amount of Attributable Debt in respect of Sale and Leaseback Transactions permitted by this paragraph
(b) shall not at any time exceed the greater of $125,000,000 and 15% of Consolidated Net Tangible Assets.

 

Section
6.04.        Fundamental Changes.

 

(a)       The
Borrower will not (i) merge into or consolidate with any other Person, (ii) permit any other Person to merge into or consolidate
with it or (iii) liquidate or dissolve, except that, if at the time thereof and immediately after giving effect thereto no Default
shall have occurred and be continuing, the Borrower may merge or consolidate with any Subsidiary or other Person (or permit any
such Person to merge or consolidate with it) if the Borrower is the surviving Person.

 

(b)       The
Borrower will not, and will not permit its Subsidiaries to, sell, transfer, lease or otherwise dispose of, directly or through
any merger or consolidation and whether in one transaction or in a series of transactions, assets (including Equity Interests in
Subsidiaries) representing all or substantially all the assets of the Borrower and the Subsidiaries (whether now owned or hereafter
acquired), taken as a whole.

 

(c)       The
Borrower will not, and will not permit any Subsidiary to, engage to any material extent in any business other than businesses of
the type conducted by the Borrower and the Subsidiaries on the Closing Date and businesses reasonably related, ancillary or complementary
thereto or constituting a reasonable extension thereof (including, for the avoidance of doubt, in the case of any Special Purpose
Securitization Subsidiary, Permitted Securitization Financings).

 

Section
6.05.        Restrictive Agreements. The Borrower will not, and will
not permit any Subsidiary to, enter into any agreement that restricts the ability of any Subsidiary to pay dividends or other distributions
to the Borrower or other Subsidiaries or to make or repay loans or advances to the Borrower or other Subsidiaries; provided,
that, the foregoing shall not apply to (a) restrictions imposed by law or by this Agreement; (b) restrictions imposed by
the Senior Notes Indentures and the Revolving Credit Agreement; (c) restrictions existing on the Closing Date identified on Schedule
6.05 (or to any extension, amendment, modification, renewal or replacement thereof not expanding the scope of any such restriction
or condition); (d) in the case of any Subsidiary that is not a wholly-owned Subsidiary, restrictions imposed by its organizational
documents or any related joint venture or similar agreement; provided, that, such restrictions and conditions apply
only to such Subsidiary; (e) restrictions imposed by agreements relating to Indebtedness of any Subsidiary in existence at the
time such Subsidiary became a Subsidiary and permitted by Section 6.02(e) (but shall apply to any amendment or modification
expanding the scope of any such restriction); provided, that, such restrictions and conditions apply only to such
Subsidiary; (f) customary restrictions contained in agreements relating to the sale of a Subsidiary or any assets pending such
sale to the extent that such restrictions apply only to the Subsidiary or assets to be sold and such sale is permitted hereunder;
or (g) restrictions contained in any Permitted Securitization Documents with respect to any Special Purpose Securitization Subsidiary.

 

    	 	48	 

     

    

 

Section
6.06.        Leverage Ratio. The Borrower will not permit the Leverage
Ratio at any time after the Closing Date to exceed 3.75 to 1.00.

 

Section
6.07.        Ratio of Consolidated EBITDA to Consolidated Interest Expense.
The Borrower will not permit the ratio of (a) Consolidated EBITDA to (b) Consolidated Interest Expense for any period of four consecutive
fiscal quarters of the Borrower ending after the Closing Date, commencing with the period of four consecutive fiscal quarters ending
on September 30, 2018, to be less than 3.00 to 1.00.

 

Article
VII

Events of Default

 

If any of the following events (each, an “Event
of Default”) shall occur:

 

(a)               
the Borrower shall fail to pay any principal of any Loan when and as the same shall become due and payable, whether at the due
date thereof or at a date fixed for prepayment thereof or otherwise;

 

(b)              
the Borrower shall fail to pay any interest on any Loan or any fee or any other amount (other than an amount referred to in clause
(a) of this Article) payable under this Agreement, when and as the same shall become due and payable, and such failure shall
continue unremedied for a period of five Business Days;

 

(c)               
any representation or warranty made or deemed made by or on behalf of the Borrower in or in connection with this Agreement or any
amendment or modification hereof or waiver hereunder, or in any report, certificate, financial statement or other document furnished
pursuant to or in connection with this Agreement or any amendment or modification hereof or waiver hereunder, shall prove to have
been incorrect in any material respect (without duplication of any materiality qualifier contained therein) when made or deemed
made;

 

(d)              
the Borrower shall fail to observe or perform any covenant, condition or agreement contained in Section 5.02, Section
5.03 (with respect to the Borrower’s existence) or Section 5.08 or in Article VI;

 

(e)               
the Borrower shall fail to observe or perform any covenant, condition or agreement contained in this Agreement (other than those
specified in clause (a), (b) or (d) of this Article), and such failure shall continue unremedied for a period
of 30 days after notice thereof from the Administrative Agent or any Lender to the Borrower;

 

    	 	49	 

     

    

 

(f)               
the Borrower or any Subsidiary shall default in the payment (whether of principal or interest and regardless of amount) of any
Material Indebtedness when due and payable after giving effect to any applicable grace periods;

 

(g)               
any event or condition shall occur that results in any Material Indebtedness becoming due prior to its scheduled maturity or that
enables or permits (with or without the giving of notice, the lapse of time or both) the holder or holders of any Material Indebtedness
or any trustee or agent on its or their behalf to cause such Material Indebtedness to become due, or to require the prepayment,
repurchase, redemption or defeasance thereof, prior to its scheduled maturity; provided, that, this clause (g)
shall not apply to secured Indebtedness that becomes due as a result of the voluntary sale or transfer of the property or assets
securing such Indebtedness;

 

(h)              
an involuntary proceeding shall be commenced or an involuntary petition shall be filed seeking (i) liquidation, reorganization
or other relief in respect of the Borrower or any Material Subsidiary or its debts, or of a substantial part of its assets, under
any Federal, state or foreign bankruptcy, insolvency, receivership or similar law now or hereafter in effect or (ii) the appointment
of a receiver, trustee, custodian, sequestrator, conservator or similar official for the Borrower or any Material Subsidiary or
for a substantial part of its assets, and, in any such case, such proceeding or petition shall continue undismissed for 60 days
or an order or decree approving or ordering any of the foregoing shall be entered;

 

(i)                
the Borrower or any Material Subsidiary shall (i) voluntarily commence any proceeding or file any petition seeking liquidation,
reorganization or other relief under any Federal, state or foreign bankruptcy, insolvency, receivership or similar law now or hereafter
in effect, (ii) consent to the institution of, or fail to contest in a timely and appropriate manner, any proceeding or petition
described in clause (h) of this Article, (iii) apply for or consent to the appointment of a receiver, trustee, custodian,
sequestrator, conservator or similar official for the Borrower or any Material Subsidiary or for a substantial part of its assets,
(iv) file an answer admitting the material allegations of a petition filed against it in any such proceeding, (v) make a general
assignment for the benefit of creditors or (vi) take any action for the purpose of effecting any of the foregoing;

 

(j)                
the Borrower or any Material Subsidiary shall become unable, admit in writing its inability, or fail generally, to pay its debts
as they become due;

 

(k)              
one or more judgments for the payment of money in an aggregate amount in excess of $50,000,000 shall be rendered against the Borrower,
any Subsidiary or any combination thereof and the same shall remain undischarged and not vacated or paid in full for a period of
45 consecutive days during which execution shall not be effectively stayed (which stay shall include the posting of a bond pending
appeal that has the effect of staying execution of such judgment), or any action shall be legally taken by a judgment creditor
to attach or levy upon assets of the Borrower or any Subsidiary to enforce any such judgment;

 

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

 

(m)            
a Change in Control shall occur;

 

    	 	50	 

     

    

 

then, and in every such event (other than an event with respect
to the Borrower described in clause (h) or (i) of this Article), and at any time thereafter during the continuance
of such event, the Administrative Agent may and, at the request of the Required Lenders, shall, by notice to the Borrower, take
either or both of the following actions at the same or different times: (i) terminate the Commitments, and thereupon the Commitments
shall terminate immediately, and (ii) declare the Loans then outstanding to be due and payable in whole (or in part, in which case
any principal or other amount not so declared to be due and payable may thereafter be declared to be due and payable), and thereupon
the principal of the Loans so declared to be due and payable, together with accrued interest thereon and all fees and other obligations
of the Borrower accrued hereunder, shall become due and payable immediately, without presentment, demand, protest or other notice
of any kind, all of which are hereby waived by the Borrower; and in case of any event with respect to the Borrower described in
clause (h) or (i) of this Article, the Commitments shall automatically terminate and the principal of the Loans then
outstanding, together with accrued interest thereon and all fees and other obligations of the Borrower accrued hereunder, shall
automatically become due and payable, without presentment, demand, protest or other notice of any kind, all of which are hereby
waived by the Borrower.

 

After the exercise of remedies provided for
in this Article VII (or after the Loans have automatically become immediately due and payable as set forth in this Article
VII), any amounts received on account of the Obligations shall be applied by the Administrative Agent in the following order:
(a) first, to payment of that portion of the Obligations constituting fees, indemnities, expenses and other amounts (including
fees, charges and disbursements of counsel to the Administrative Agent and amounts payable under Sections 2.14, 2.15,
2.16 and 2.18) payable to the Administrative Agent in its capacity as such; (b) second, to payment of that
portion of the Obligations constituting fees, indemnities and other amounts (other than principal and interest) payable to the
Lenders (including fees, charges and disbursements of counsel to the respective Lenders and amounts payable under Sections 2.14,
2.15, 2.16 and 2.18), ratably among them in proportion to the respective amounts described in this clause
(b) payable to them; (c) third, to payment of that portion of the Obligations constituting interest on the Loans, ratably
among the Lenders in proportion to the respective amounts described in this clause (c) held by them; (d) fourth,
to payment of that portion of the Obligations constituting unpaid principal of the Loans, ratably among the Lenders in proportion
to the respective amounts described in this clause (d) held by them; and (e) last, the balance, if any, after all
of the Obligations owing have been indefeasibly paid in full, to the Borrower or as otherwise required by any law.

 

Article
VIII

The Administrative Agent

 

In order to expedite the transactions contemplated
by this Agreement, Bank of America is hereby appointed to act as Administrative Agent on behalf of the Lenders. Each of the Lenders
and each assignee of any Lender hereby irrevocably authorizes the Administrative Agent to take such actions on behalf of such Lender
or assignee and to exercise such powers as are delegated to the Administrative Agent by the terms of the Loan Documents, together
with such actions and powers as are reasonably incidental thereto. The Administrative Agent is hereby expressly authorized by the
Lenders, without hereby limiting any implied authority, and by the Borrower with respect to clause (c) below, (a) to receive
on behalf of the Lenders all payments of principal of and interest on the Loans and all other amounts due to the Lenders hereunder,
and promptly to distribute to each Lender its proper share of each payment so received; (b) to give notice on behalf of each of
the Lenders to the Borrower of any Default or Event of Default specified in this Agreement of which the Administrative Agent has
actual knowledge acquired in connection with its agency hereunder; and (c) to distribute to each Lender copies of all notices,
financial statements and other materials delivered by the Borrower pursuant to this Agreement or the other Loan Documents as received
by the Administrative Agent.

 

With respect to the Loans made by it hereunder,
the Person serving as the Administrative Agent in its individual capacity and not as Administrative Agent shall have the same rights
and powers as any other Lender and may exercise the same as though it were not the Administrative Agent, and such Person and its
Affiliates may accept deposits from, lend money to and generally engage in any kind of business with the Borrower or any of its
Subsidiaries or other Affiliates thereof as if it were not the Administrative Agent.

 

    	 	51	 

     

    

 

The Administrative Agent shall not have any
duties or obligations except those expressly set forth in the Loan Documents. Without limiting the generality of the foregoing:
(a) the Administrative Agent shall not be subject to any fiduciary or other implied duties, regardless of whether a Default has
occurred and is continuing; (b) the Administrative Agent shall not have any duty to take any discretionary action or exercise any
discretionary powers, except discretionary rights and powers expressly contemplated by the Loan Documents that the Administrative
Agent is required to exercise upon receipt of notice in writing by the Required Lenders (or such other number or percentage of
the Lenders as shall be necessary under the circumstances as provided in Section 10.02); provided, that, the
Administrative Agent shall not be required to take any action that, in its reasonable opinion or the reasonable 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; and (c) except
as expressly set forth in the Loan Documents, the Administrative Agent shall not have any duty to disclose, or be liable for the
failure to disclose, any information relating to the Borrower or any of its Subsidiaries that is communicated to or obtained by
the institution serving as Administrative Agent or any of its Affiliates in any capacity. The Administrative Agent shall not be
liable for any action taken or not taken by it with the consent or at the request of the Required Lenders (or such other number
or percentage of the Lenders as shall be necessary under the circumstances as provided in Section 10.02) or in the absence
of its own gross negligence or willful misconduct. The Administrative Agent shall not be deemed to have knowledge of any Default
unless and until written notice thereof is given to it by the Borrower (in which case the Administrative Agent shall give written
notice to each Lender), and the Administrative Agent shall not be responsible for or have any duty to ascertain or inquire into
(i) any statement, warranty or representation made in or in connection with any Loan Document, (ii) the contents of any certificate,
report or other document delivered hereunder or thereunder or in connection herewith or therewith, (iii) the performance or observance
of any of the covenants, agreements or other terms or conditions set forth herein or therein, (iv) the validity, enforceability,
effectiveness or genuineness of any Loan Document or any other agreement, instrument or document, or (v) the satisfaction of any
condition set forth in Article IV or elsewhere in any Loan Document, other than to confirm receipt of items expressly required
to be delivered to the Administrative Agent.

 

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

 

The Administrative Agent may perform any and
all its duties and exercise its rights and powers by or through any one or more sub-agents appointed by the Administrative Agent.
The Administrative Agent and any such sub-agent may perform any and all its duties and exercise its rights and powers through their
respective Related Parties. The exculpatory provisions of the preceding paragraphs shall apply to any such sub-agent and to the
Related Parties of the Administrative Agent and any such sub-agent, and shall apply to their respective activities in connection
with the syndication of the credit facilities provided for herein as well as activities as Administrative Agent. 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 non-appealable judgment that the Administrative Agent acted with gross negligence or willful
misconduct in the selection of such sub-agents.

 

    	 	52	 

     

    

 

Subject to the conditions set forth herein,
the Administrative Agent may resign at any time by notifying the Lenders and the Borrower. Upon any such resignation, the Required
Lenders shall have the right, with the consent of the Borrower (not to be unreasonably withheld and except during the continuance
of an Event of Default hereunder, when no consent shall be required), to appoint a successor. If no successor to a retiring Administrative
Agent 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 (for purposes of this paragraph, the “Resignation Effective Date”),
then the retiring Administrative Agent may, on behalf of the Lenders, appoint a successor Administrative Agent which shall be a
bank with an office in New York, New York, or an Affiliate of any such bank; provided, that, whether or not a successor
shall have been appointed, the retiring Administrative Agent’s resignation shall become effective in accordance with such
notice on the Resignation Effective Date. Upon the acceptance of its appointment as Administrative Agent hereunder by a successor,
such successor shall succeed to and become vested with all the rights, powers, privileges and duties of the retiring Administrative
Agent and such retiring Administrative Agent shall be discharged from its duties and obligations hereunder. After the Administrative
Agent’s resignation hereunder, the provisions of this Article and Section 10.03 shall continue in effect for the benefit
of such retiring Administrative Agent, its sub-agents and their respective Related Parties in respect of any actions taken or omitted
to be taken by any of them while it was acting as Administrative Agent.

 

Each Lender agrees (a) to reimburse the Administrative
Agent, on demand, in the amount of its pro rata share (based on the amount of its Loans and available Commitments hereunder) of
any expenses incurred for the benefit of the Lenders by the Administrative Agent, including counsel fees and compensation of agents
and employees paid for services rendered on behalf of the Lenders, that shall not have been reimbursed by the Borrower and (b)
to indemnify and hold harmless the Administrative Agent and any of its Related Parties, on demand, in the amount of such pro rata
share, from and against any and all liabilities, Taxes, obligations, losses, damages, penalties, actions, judgments, suits, costs,
expenses or disbursements of any kind or nature whatsoever that may be imposed on, incurred by or asserted against it in its capacity
as Administrative Agent or any of them in any way relating to or arising out of this Agreement or any other Loan Document or action
taken or omitted by it or any of them under this Agreement or any other Loan Document, to the extent the same shall not have been
reimbursed by the Borrower; provided, that, no Lender shall be liable to the Administrative Agent or any such other
indemnified Person for any portion of such liabilities, Taxes, obligations, losses, damages, penalties, actions, judgments, suits,
costs, expenses or disbursements that are determined to have resulted from the gross negligence or willful misconduct of the Administrative
Agent, any of its Related Parties or any of their respective directors, officers, employees or agents.

 

Each Lender acknowledges that it has, independently
and without reliance upon the Administrative Agent, the Arrangers or any other Lender and based on such documents and information
as it has deemed appropriate, made its own credit analysis and decision to enter into this Agreement. Each Lender also acknowledges
that it will, independently and without reliance upon the Administrative Agent, the Arrangers or any other Lender and based on
such documents and information as it shall from time to time deem appropriate, continue to make its own decisions in taking or
not taking action under or based upon this Agreement, any other Loan Document or related agreement or any document furnished hereunder
or thereunder.

 

None of the Lenders identified on the facing
page or signature pages of this Agreement or elsewhere herein as a “lead arranger”, “bookrunner” or “syndication
agent” shall have any right, power, obligation, liability, responsibility or duty under this Agreement other than those applicable
to all Lenders as such.

 

    	 	53	 

     

    

 

In case of the pendency of any receivership,
insolvency, liquidation, bankruptcy, reorganization, arrangement, adjustment, composition or other judicial proceeding relative
to the Borrower, the Administrative Agent (irrespective of whether the principal of any Loan shall then be due and payable as herein
expressed or by declaration or otherwise and irrespective of whether the Administrative Agent shall have made any demand on the
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 by the Borrower in respect of the Loans and all other Obligations that
are owing and unpaid and to file such other documents as may be necessary or advisable in order to have the claims of the Lenders
and the Administrative Agent (including any claim for the reasonable compensation, expenses, disbursements and advances of the
Lenders and the Administrative Agent and its agents and counsel and all other amounts due the Lenders and the Administrative Agent)
against the Borrower allowed in such judicial proceeding; and (b) to collect and receive any monies or other property payable or
deliverable on any such claims and to distribute the same; and any custodian, receiver, assignee, trustee, liquidator, sequestrator
or other similar official in any such judicial proceeding is hereby authorized by each Lender to make such payments to the Administrative
Agent and, in the event that the Administrative Agent shall consent to the making of such payments directly to the Lenders, to
pay to the Administrative Agent any amount due for the reasonable compensation, expenses, disbursements and advances of the Administrative
Agent and its agents and counsel, and any other amounts due the Administrative Agent hereunder. 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 any plan
of reorganization, arrangement, adjustment or composition affecting the Obligations or the rights of any Lender or to authorize
the Administrative Agent to vote in respect of the claim of any Lender in any such proceeding.

 

Each Lender (a) represents and warrants, as
of the date such Person became a Lender party hereto, and (b) 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, the Arrangers, and their
respective Affiliates, and not, for the avoidance of doubt, to or for the benefit of the Borrower, 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 or the Commitments, (ii) the transaction
exemption set forth in one or more PTEs, such as PTE 84-14 (a class exemption for certain transactions determined by independent
qualified professional asset managers), PTE 95-60 (a class exemption for certain transactions involving insurance company general
accounts), PTE 90-1 (a class exemption for certain transactions involving insurance company pooled separate accounts), PTE 91-38
(a class exemption for certain transactions involving bank collective investment funds) or PTE 96-23 (a class exemption for certain
transactions determined by in-house asset managers), is applicable with respect to such Lender’s entrance into, participation
in, administration of and performance of the Loans, the Commitments and this Agreement, (iii)(A) such Lender is an investment fund
managed by a “Qualified Professional Asset Manager” (within the meaning of Part VI of PTE 84-14), (B) such Qualified
Professional Asset Manager made the investment decision on behalf of such Lender to enter into, participate in, administer and
perform the Loans, the Commitments and this Agreement, (C) the entrance into, participation in, administration of and performance
of the Loans, the Commitments and this Agreement satisfies the requirements of sub-sections (b) through (g) of Part I of PTE 84-14
and (D) to the best knowledge of such Lender, the requirements of subsection (a) of Part I of PTE 84-14 are satisfied with respect
to such Lender’s entrance into, participation in, administration of and performance of the Loans, the Commitments and this
Agreement, or (iv) such other representation, warranty and covenant as may be agreed in writing between the Administrative Agent,
in its sole discretion, and such Lender. In addition, unless clause (i) in the immediately preceding sentence is true with
respect to a Lender or such Lender has not provided another representation, warranty and covenant as provided in clause (iv)
in the immediately preceding sentence, such Lender further (x) represents and warrants, as of the date such Person became a Lender
party hereto, 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, the Arrangers, and their respective Affiliates, and not, for
the avoidance of doubt, to or for the benefit of the Borrower, that: (A) none of the Administrative Agent, any of the Arrangers,
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 other Loan Document or any documents
related to hereto or thereto), (B) 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 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 $50,000,000, in each case as described in 29 CFR §
2510.3-21(c)(1)(i)(A)-(E), (C) 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 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), (D) 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 Commitments and this Agreement is a fiduciary under
ERISA or the Code, or both, with respect to the Loans, the Commitments and this Agreement and is responsible for exercising independent
judgment in evaluating the transactions hereunder, and (E) no fee or other compensation is being paid directly to the Administrative
Agent, any of the Arrangers or any their respective Affiliates for investment advice (as opposed to other services) in connection
with the Loans, the Commitments or this Agreement. The Administrative Agent and each of the Arrangers 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 (1) may receive interest or other payments with respect to the Loans, the Commitments
and this Agreement, (2) may recognize a gain if it extended the Loans or the Commitments for an amount less than the amount being
paid for an interest in the Loans or the Commitments by such Lender or (3) may receive fees or other payments in connection with
the transactions contemplated hereby, the Loan Documents or otherwise, including structuring fees, commitment fees, arrangement
fees, facility fees, upfront fees, underwriting fees, ticking fees, agency fees, administrative agent or collateral agent fees,
utilization fees, minimum usage fees, letter of credit fees, fronting fees, deal-away or alternate transaction fees, amendment
fees, processing fees, term out premiums, banker’s acceptance fees, breakage or other early termination fees or fees similar
to the foregoing.

 

    	 	54	 

     

    

 

Article
IX

[Reserved]

 

Article
X

Miscellaneous

 

Section
10.01.    Notices.

 

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

 

(i)          if to the Borrower, to it at 1950 Hassell Road, Hoffman Estates, IL 60169, Attention of General Counsel (Fax No. 847-839-2604),
with a copy to Paul, Weiss, Rifkind, Wharton & Garrison LLP, 1285 Avenue of the Americas, New York, NY 10019-6064, Attention
of Monica K. Thurmond (Fax No. 212-492-0055);

 

    	 	55	 

     

    

 

(ii)       if
to the Administrative Agent, as follows: (A) if such notice relates to financial/loan activity (including billing, payments and
interest rate elections) to Bank of America, Building C, TX2-984-03-23, 2380 Performance Drive, Richardson, TX 75082, Attention:
Arlene Minor (Telephone: 469-201-8837; Facsimile: 214-290-9412; Email: Arlene.l.minor@baml.com), and (B) if such notice relates
to any other notices (including financial statements, compliance certificates, amendments, consents, voting, etc.), to Bank of
America, 900 W. Trade St., 6th Floor, NC1-026-06-03, Charlotte, NC 28255, Attention: Melissa Mullis (Telephone: 980-386-9372; Facsimile:
704-409-0617; Email: melissa.mullis@baml.com); and

 

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

 

(b)              
Notices and other communications to the Lenders hereunder may be delivered or furnished by electronic communications pursuant to
procedures approved by the Administrative Agent; provided, that, the foregoing shall not apply to notices under Article
II to any Lender if such Lender has notified the Administrative Agent that it is incapable of receiving notices under such
Article by electronic communication. The Administrative Agent or the Borrower may, in its discretion, agree to accept notices and
other communications to it hereunder by electronic communications pursuant to procedures approved by it; provided, that,
approval of such procedures and may be limited to particular notices or communications.

 

(c)               
Any party hereto may change its address or fax number for notices and other communications hereunder by notice to the other parties
hereto, or in the case of a Lender, to the Administrative Agent and the Borrower. All notices and other communications given to
any party hereto in accordance with the provisions of this Agreement shall be deemed to have been given on the date of receipt.

 

(d)              
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 or any other Person for losses, claims, damages, liabilities or expenses of any kind (whether in tort, contract or otherwise)
arising out of the Borrower’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; provided, that,
the foregoing shall not apply to the extent such losses, claims, damages, liabilities or expenses result from the gross negligence,
bad faith or willful misconduct of the Administrative Agent or any of its Related Parties.

 

Section
10.02.    Waivers; Amendments.

 

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

 

(b)       None
of this Agreement, any other Loan Document or any provision hereof or thereof may be waived, amended or modified except, in the
case of this Agreement, pursuant to an agreement or agreements in writing entered into by the Borrower and the Required Lenders
and acknowledged by the Administrative Agent or by the Borrower and the Administrative Agent with the consent of the Required Lenders
or, in the case of any other Loan Document, pursuant to an agreement or agreements in writing entered into by the parties thereto,
in each case with the consent of the Required Lenders; provided, that, no such agreement shall (i) increase any Commitment
of any Lender without the written consent of such Lender, (ii) reduce the principal amount of any Loan or reduce the rate of interest
thereon (other than as a result of any waiver of any increase in the interest rate applicable to any Loan pursuant to Section
2.12(d)), or reduce any fees payable hereunder, without the written consent of each Lender adversely affected thereby, (iii)
postpone the date of any scheduled payment of the principal amount of any Loan, or any interest thereon, or any fees payable hereunder,
or reduce the amount of, waive or excuse any such payment, or postpone the scheduled date of expiration of any Commitment, in each
case, without the written consent of each Lender affected thereby, (iv) change Section 2.17(b), Section 2.17(c) or
the last paragraph of Article VII in a manner that would alter the pro rata sharing of payments required thereby, without
the written consent of each Lender, (v) change any of the provisions of this Section or the percentage set forth in the definition
of the term “Required Lenders” or any other provision of this Agreement specifying the number or percentage of Lenders
required to waive, amend or modify any rights thereunder or make any determination or grant any consent thereunder, without the
written consent of each Lender, (vi) subordinate the Obligations of the Borrower to any other Indebtedness without the consent
of each affected Lender, or (vii)(A) make any change so as to alter the manner of application of proceeds of any mandatory prepayment
required by this Agreement and owing to the 3-Year Term Loan Lenders, without the consent of the Required 3-Year Term Loan Lenders,
(B) change any of the provisions of clause (vii)(A) above or this clause (vii)(B) or the percentage set forth in
the definition of the term “Required 3-Year Term Loan Lenders” without the written consent of each 3-Year Term Loan
Lender, (C) make any change so as to alter the manner of application of proceeds of any mandatory prepayment required by this Agreement
and owing to the 5-Year Term Loan Lenders, without the consent of the Required 5-Year Term Loan Lenders, or (D) change any of the
provisions of clause (vii)(C) above or this clause (vii)(D) or the percentage set forth in the definition of the
term “Required 5-Year Term Loan Lenders” without the written consent of each 5-Year Term Loan Lender; provided,
further, that, no such agreement shall amend, modify or otherwise affect the rights or duties of the Administrative
Agent hereunder or under any other Loan Document without the prior written consent of the Administrative Agent. Notwithstanding
anything else in this Section to the contrary, (A) any amendment of the definition of the term “Applicable Rate” pursuant
to the last sentence of such definition shall require only the written consent of the Borrower and the Required Lenders, (B) no
consent with respect to any waiver, amendment or modification of this Agreement or any other Loan Document shall be required of
any Lender that receives payment in full of the principal of and interest accrued on each Loan made by, and all other amounts owing
to, such Lender or accrued for the account of such Lender under this Agreement and the other Loan Documents at the time such amendment,
waiver or other modification becomes effective and whose Commitments terminate by the terms and upon the effectiveness of such
waiver, amendment or other modification and (C) any provision of this Agreement or any other Loan Document may be amended by an
agreement in writing entered into by the Borrower and the Administrative Agent to cure any ambiguity, omission, defect or inconsistency
so long as, in each case, the Lenders shall have received at least three Business Days prior written notice thereof and the Administrative
Agent shall not have received, within three Business Days of the date of such notice to the Lenders, a written notice from the
Required Lenders, stating that the Required Lenders object to such amendment.

 

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Section
10.03.    Expenses; Indemnity; Damage Waiver.

 

(a)       The
Borrower shall pay (i) all reasonable and documented out-of-pocket expenses incurred by the Administrative Agent, the Arrangers
and their respective Affiliates, including the reasonable and documented fees, charges and disbursements of one counsel for the
Administrative Agent and the Arrangers, taken as a whole, in connection with the arrangement and syndication of the credit facilities
provided for herein, the preparation and administration of this Agreement and the other Loan Documents and any amendments, modifications
or waivers of the provisions hereof or thereof (whether or not the transactions contemplated hereby or thereby shall be consummated)
and (ii) all reasonable and documented out-of-pocket expenses incurred by the Administrative Agent or any Lender, including the
reasonable and documented fees, charges and disbursements of any counsel for the Administrative Agent or any Lender, incurred during
any workout, restructuring or negotiations in respect of the Loans or in connection with the enforcement or protection of its rights
under any Loan Document, including its rights under this Section or in connection with the Loans made hereunder.

 

(b)       The
Borrower shall indemnify the Administrative Agent, each Arranger, each Syndication Agent, each Lender and each Related Party of
any of the foregoing Persons (each of the foregoing being called an “Indemnitee”), against, and hold each Indemnitee
harmless from, any and all losses, liabilities and out-of-pocket costs or expenses, including the reasonable fees, charges and
disbursements of any counsel for any Indemnitee, incurred by or asserted against any Indemnitee (whether by a third party or by
the Borrower or any of its Affiliates, and whether based on contract, tort or any other theory) arising out of, in connection with,
or as a result of (i) the arrangement and syndication of the credit facilities provided for herein, (ii) the consummation of the
Transactions or any other transactions contemplated hereby, (iii) any Loan or the use of the proceeds therefrom, (iv) the execution,
delivery or performance by the Borrower and the Subsidiaries of the Loan Documents, or any actions or omissions of the Borrower
or any of the Subsidiaries in connection therewith or (v) any actual or prospective claim, litigation, investigation or proceeding
relating to any of the foregoing, 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, liabilities, costs or expenses shall have (A) been found by a final, non-appealable
judgment of a court of competent jurisdiction to have resulted from the gross negligence, bad faith or willful misconduct of such
Indemnitee, (B) resulted from a claim brought by the Borrower against an Indemnitee or any of its Related Parties for a material
breach in bad faith of such Indemnitee’s obligations hereunder or under any other Loan Document, if the Borrower has obtained
a final and nonappealable judgment in its favor on such claim as determined by a court of competent jurisdiction to the effect
that such a material breach in bad faith has occurred or (C) arisen from any claim, action, suit, inquiry, litigation, investigation
or proceeding that does not involve an act or omission of the Borrower or any of its Affiliates and is brought by an Indemnitee
against another Indemnitee (other than any claim, action, suit, inquiry, litigation, investigation or proceeding against the Administrative
Agent or an Arranger in its capacity as such).

 

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(c)       To
the extent that the Borrower fails to pay any amount required to be paid by it under paragraph (a) or (b) of this
Section, each Lender severally agrees to pay to the Administrative Agent such Lender’s pro rata share (determined as of the
time that the applicable unreimbursed expense or indemnity payment is sought) of such unpaid amount; provided, that,
the unreimbursed loss, liability, cost or expense, as the case may be, was incurred by or asserted against the Administrative Agent
or against any Related Party acting for the Administrative Agent (or any sub-agent) in connection with such capacity. For purposes
hereof, a Lender’s “pro rata share” shall be determined based upon its share of the sum of the aggregate outstanding
Loans and unused Commitments at the time (or most recently) in effect.

 

(d)       To
the extent permitted by applicable law, the Borrower shall not assert, and the Borrower hereby waives, any claim against any Indemnitee,
on any theory of liability, for special, indirect, consequential or punitive damages (as opposed to direct or actual damages) arising
out of, in connection with or as a result of this Agreement or any agreement or instrument contemplated hereby, the Transactions,
any Loan or the use of the proceeds thereof. No Indemnitee referred to in paragraph (b) above shall be liable for any damages
arising from the use by unintended recipients of any information or other materials distributed by it through telecommunications,
electronic or other information transmission systems in connection with this Agreement or the other Loan Documents or the Transactions
contemplated hereby or thereby, other than for damages resulting from the gross negligence, bad faith or willful misconduct of
such Indemnitee as determined by a final nonappealable judgment of a court of competent jurisdiction.

 

(e)       All
amounts due under this Section shall be payable within 15 Business Days after receipt by the Borrower of a reasonably detailed
invoice therefor.

 

Section
10.04.    Successors and Assigns.

 

(a)       The
provisions of this Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors
and assigns permitted hereby, except that (i) the Borrower may not assign or otherwise transfer any of its rights or obligations
hereunder or under any other Loan Document without the prior written consent of the Administrative Agent and each Lender (and any
attempted assignment or transfer without such consent shall be null and void) and (ii) no Lender may assign or otherwise transfer
its rights or obligations hereunder except in accordance with this Section. Nothing in this Agreement, expressed or implied, shall
be construed to confer upon any Person (other than the parties hereto, their respective successors and assigns permitted hereby,
Participants (to the extent provided in this Section), the Arrangers, the Syndication Agents and, to the extent expressly contemplated
hereby, the sub-agents of the Administrative Agent and the Related Parties of each of the Administrative Agent and the Lenders)
any legal or equitable right, remedy or claim under or by reason of this Agreement.

 

(b)       Subject
to the conditions set forth in paragraph (c) below, any Lender may assign to one or more assignees all or a portion of its
rights and obligations under this Agreement (including all or a portion of its Commitments and the Loans at the time owing to it)
to an Eligible Assignee with the prior written consent (such consent not to be unreasonably withheld, delayed or conditioned) of:

 

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(i)                
the Borrower; provided, that, no consent of the Borrower shall be required for an assignment to a Lender, an Affiliate
of a Lender or a Related Fund, or, if an Event of Default has occurred and is continuing, to any other assignee; provided,
further, that, the Borrower shall be deemed to have consented to any such assignment unless it shall object thereto
by written notice to the Administrative Agent within 10 Business Days after having received notice thereof; and

 

(ii)              
the Administrative Agent; provided, that, no consent of the Administrative Agent shall be required for an assignment
of any Loan to a Lender or an Affiliate of a Lender.

 

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

 

(i)                
except in the case of an assignment to a Lender, an Affiliate of a Lender or a Related Fund or an assignment of the entire remaining
amount of the assigning Lender’s Commitments and/or Loans, the amount of the Commitments and/or 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) shall not be less than $5,000,000 unless each of the Borrower and the Administrative Agent otherwise
consents; provided, that, no such consent of the Borrower shall be required if an Event of Default has occurred and
is continuing;

 

(ii)              
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;

 

(iii)            
unless waived by the Administrative Agent in its sole discretion, the parties to each assignment shall execute and deliver to the
Administrative Agent an Assignment and Assumption, together with a processing and recordation fee of $3,500; and

 

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

 

(d)       Subject
to acceptance and recording thereof pursuant to paragraph (e) of this Section, from and after the effective date specified
in each Assignment and Assumption the assignee thereunder shall be a party hereto and, to the extent of the interest assigned by
such Assignment and Assumption, have the rights and obligations of a Lender under this Agreement, and the assigning Lender thereunder
shall, to the extent of the interest assigned by such Assignment and Assumption, and except as provided by Section 2.16(g),
be released from its obligations under this Agreement (and, in the case of an Assignment and Assumption covering all of the assigning
Lender’s rights and obligations under this Agreement, such Lender shall cease to be a party hereto but shall continue to
be entitled to the benefits of Sections 2.14, 2.15, 2.16 and 10.03). Any assignment or transfer by
a Lender of rights or obligations under this Agreement that does not comply with this Section shall be treated for purposes of
this Agreement as a sale by such Lender of a participation in such rights and obligations in accordance with paragraph (g)
of this Section. In connection with any assignment by a Lender to an Affiliate of such Lender, unless such Lender is legally required
to make such assignment, the Borrower shall not be responsible under Section 2.14 or Section 2.16 for any increased
costs in effect at the time of and resulting from such assignment, but shall be responsible for any such increased costs that would
have been incurred by the assigning Lender absent such assignment.

 

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(e)       The
Administrative Agent, acting for this purpose as a non-fiduciary agent of the Borrower, shall maintain at one of its offices a
copy of each Assignment and Assumption delivered to it and a register for the recordation of the names and addresses of the Lenders,
and the Commitments of, and principal amount of the Loans owing to, each Lender pursuant to the terms hereof from time to time
(the “Register”). The entries in the Register shall be conclusive, and the Borrower, the Administrative Agent
and the Lenders may treat each Person whose name is recorded in the Register pursuant to the terms hereof as a Lender hereunder
for all purposes of this Agreement, notwithstanding notice to the contrary. The Register shall be available for inspection by the
Borrower and any Lender, at any reasonable time and from time to time upon reasonable prior notice.

 

(f)       Upon
its receipt of a duly completed Assignment and Assumption executed by an assigning Lender and an assignee, the assignee’s
completed Administrative Questionnaire (unless the assignee shall already be a Lender hereunder), the processing and recordation
fee referred to in paragraph (c) of this Section (unless otherwise waived by the Administrative Agent) and any consent to
such assignment required by paragraph (b) or (c) of this Section, the Administrative Agent shall record the information
contained in such Assignment and Assumption in the Register. No assignment shall be effective for purposes of this Agreement unless
it has been recorded in the Register as provided in this paragraph.

 

(g)       Any
Lender may, without the consent of, or notice to, the Borrower or the Administrative Agent, sell participations to one or more
banks or other entities (other than (x) any individual (or a holding company, investment vehicle or trust for, or owned and operated
for the primary benefit, of any individual), or (y) the Borrower or any Affiliate of the Borrower) (each a “Participant”)
in all or a portion of such Lender’s rights and obligations under this Agreement (including all or a portion of its Commitments
and the 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 Borrower, the Administrative Agent and the other Lenders shall continue to deal solely and directly with such Lender
in connection with such Lender’s rights and obligations under the Loan Documents. Any agreement or instrument pursuant to
which a Lender sells such a participation shall provide that such Lender shall retain the sole right to enforce the Loan Documents
and to approve any amendment, modification or waiver of any provision of the Loan Documents; provided, that, such
agreement or instrument may provide that such Lender will not, without the consent of the Participant, agree to any amendment,
modification or waiver described in clauses (i), (ii) or (iii) of the first proviso to Section 10.02(b)
that affects such Participant. Subject to paragraph (h) of this Section, the Borrower agrees that each Participant shall
be entitled to the benefits of Sections 2.14, 2.15, and 2.16 to the same extent as if it were a Lender and
had acquired its interest by assignment pursuant to paragraph (b) of this Section. To the extent permitted by law, each
Participant also shall be entitled to the benefits of Section 10.08 as though it were a Lender; provided, that,
such Participant agrees to be subject to Section 2.17(b) 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 Borrower, maintain a register on which it enters the name
and address of each Participant and the principal amounts (and stated interest) of each Participant’s interest in the Loans
or other obligations under this Agreement or any other Loan Document (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 or its other obligations
under any Loan Document) to any Person other than a Governmental Authority except to the extent that such disclosure is necessary
to establish that such Commitment, Loan 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.

 

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(h)       A
Participant shall not be entitled to receive any greater payment under Section 2.14 or Section 2.16 than the applicable
Lender would have been entitled to receive with respect to the participation sold to such Participant, unless the sale of the participation
to such Participant is made with the Borrower’s prior written consent. A Participant that would be a Foreign Lender if it
were a Lender shall not be entitled to the benefits of Section 2.16 unless such Participant agrees, for the benefit of the
Borrower, to comply with Section 2.16(f) as though it were a Lender.

 

(i)       Any
Lender may at any time pledge or assign a security interest in all or any portion of its rights under this Agreement to secure
obligations of such Lender, including any pledge or assignment to secure obligations to a Federal Reserve Bank or any foreign central
bank, and this Section shall not apply to any such pledge or assignment of a security interest; provided, that, no
such pledge or assignment of a security interest shall release a Lender from any of its obligations hereunder or substitute any
such pledgee or assignee for such Lender as a party hereto.

 

Section
10.05.    Survival. All covenants, agreements, representations and warranties made by the
Borrower herein, in the other Loan Documents and in the certificates or other instruments delivered in connection with or pursuant
to this Agreement or any other Loan Document shall be considered to have been relied upon by the other parties hereto or thereto
and shall survive the execution and delivery of the Loan Documents and the making of any Loans, regardless of any investigation
made by any such other party or on its behalf and notwithstanding that the Administrative Agent, any Arranger, any Syndication
Agent or any Lender may have had notice or knowledge of any Default or incorrect representation or warranty at the time any credit
is extended hereunder, and shall continue in full force and effect as long as the principal of or any accrued interest on any Loan
or any fee or any other amount payable under this Agreement is outstanding and unpaid and so long as the Commitments have not expired
or terminated. The provisions of Sections 2.14, 2.15, 2.16, 10.03, clause (b) of Section
10.18 and Article VIII shall survive and remain in full force and effect regardless of the consummation of the Transactions
or the other transactions contemplated hereby, the repayment of the Loans, the expiration or termination of the Commitments or
the termination of this Agreement or any other Loan Document or any provision hereof or thereof.

 

Section
10.06.    Counterparts; Integration; Effectiveness. This Agreement may be executed in counterparts
(and by different parties hereto on different counterparts), each of which shall constitute an original, but all of which when
taken together shall constitute a single contract. This Agreement and the other Loan Documents, any separate letter agreements
with respect to fees payable to the Administrative Agent, the Lenders or the Arrangers, and any provisions in any engagement or
commitment letter executed and delivered by the Borrower in connection with the transactions contemplated hereby that by the express
terms of such engagement or commitment letter survive the execution or effectiveness of this Agreement, constitute the entire contract
among the parties relating to the subject matter hereof and supersede any and all previous agreements and understandings, oral
or written, relating to the subject matter hereof. Except as provided in Section 4.01, this Agreement shall become effective
when it shall have been executed by the Administrative Agent and when the Administrative Agent shall have received counterparts
hereof which, when taken together, bear the signatures of each of the other parties hereto, and thereafter shall be binding upon
and inure to the benefit of the parties hereto and their respective successors and assigns. Delivery of an executed counterpart
of a signature page of this Agreement by fax or other electronic image scan transmission shall be effective as delivery of a manually
executed counterpart of this Agreement.

 

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

 

Section
10.08.    Right of Setoff. If an Event of Default shall have occurred and be continuing,
each Lender and each of its Affiliates is hereby authorized at any time and from time to time, to the fullest extent permitted
by law, to set off and apply any and all deposits (general or special, time or demand, provisional or final and in whatever currency
denominated) at any time held and other obligations at any time owing by such Lender or Affiliate to or for the credit or the account
of the Borrower against any of and all the obligations of the Borrower now or hereafter existing under this Agreement held by such
Lender, irrespective of whether or not such Lender shall have made any demand under this Agreement and although such obligations
may be unmatured. Each Lender agrees promptly to notify the Administrative Agent after any such set-off and application made by
such Lender; provided, that, the failure to give such notice shall not affect the validity of such set-off and application.
The rights of each Lender under this Section are in addition to other rights and remedies (including other rights of setoff) which
such Lender may have.

 

Section
10.09.    Governing Law; Jurisdiction; Consent to Service of Process.

 

(a)       This
Agreement shall be construed in accordance with and governed by the law of the State of New York.

 

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

 

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

 

(d)       Each
party to this Agreement irrevocably consents to service of process in the manner provided for notices in Section 10.01.
Nothing in this Agreement or any other Loan Document will affect the right of any party hereto or thereto to serve process in any
other manner permitted by law.

 

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Section
10.10.    WAIVER OF JURY TRIAL. EACH PARTY HERETO HEREBY WAIVES, TO THE FULLEST EXTENT
PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN ANY LEGAL PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT
OF OR RELATING TO THIS AGREEMENT, 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 PARTY
HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING
WAIVER AND (B) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THIS AGREEMENT BY, AMONG OTHER
THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION.

 

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

 

Section
10.12.    Confidentiality; Non-Public Information.

 

(a)       The
Administrative Agent and each Lender agrees to maintain the confidentiality of the Information (as defined below), except that
Information may be disclosed (i) to its and its Affiliates’ directors, officers, employees and agents, including accountants,
legal counsel and other advisors, to Related Funds’ directors and officers and to any direct or indirect contractual counterparty
in swap agreements (it being understood that each Person 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 requested by any regulatory authority
(including any self-regulatory authority) having jurisdiction over such Lender, (iii) to the extent required by applicable laws
or regulations or by any subpoena or similar legal process, (iv) to any other party to this Agreement, (v) to the extent required
or advisable in the judgment of counsel in connection with any suit, action or proceeding relating to the enforcement of rights
of the Administrative Agent or the Lenders against the Borrower under this Agreement or any other Loan Document, (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 or obligations under this Agreement or (B) any actual or prospective
counterparty (or its advisors) to any swap or derivative transaction or any credit insurance provider relating to the Borrower
and its obligations, (vii) with the consent of the Borrower or (viii) to the extent such Information (A) becomes publicly available
other than as a result of a breach of this Section of which the Administrative Agent or such Lender is aware or (B) becomes available
to the Administrative Agent or any Lender on a nonconfidential basis from a source other than the Borrower other than as a result
of a breach of this Section of which the Administrative Agent or such Lender is aware. For the purposes of this Section, “Information”
means all information received from the Borrower relating to the Borrower or its business, other than any such information that
is available to the Administrative Agent or any Lender on a nonconfidential basis prior to disclosure by the Borrower other than
as a result of a breach of this Section of which the Administrative Agent or such Lender is aware. 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.

 

    	 	64	 

     

    

 

(b)       Each
Lender acknowledges that Information furnished to it pursuant to this Agreement may include material non-public information concerning
the Borrower and its Related Parties or the Borrower’s securities, and confirms that it has developed compliance procedures
regarding the use of material non-public information and that it will handle such material non-public information in accordance
with those procedures and applicable law, including Federal and state securities laws.

 

(c)       All
information, including requests for waivers and amendments, furnished by the Borrower, the Subsidiaries or the Administrative Agent
pursuant to, or in the course of administering, this Agreement will be syndicate-level information, which may contain material
non-public information about the Borrower, the Subsidiaries and their Related Parties or the Borrower’s securities. Accordingly,
each Lender represents to the Borrower and the Administrative Agent that it has identified in its Administrative Questionnaire
a credit contact who may receive information that may contain material non-public information in accordance with its compliance
procedures and applicable law, including Federal and state securities laws.

 

Section
10.13.    Conversion of Currencies.

 

(a)       If,
for the purpose of obtaining judgment in any court, it is necessary to convert a sum owing hereunder in one currency into another
currency, each party hereto agrees, to the fullest extent that it may effectively do so, that the rate of exchange used shall be
that at which in accordance with normal banking procedures in the relevant jurisdiction the first currency could be purchased with
such other currency on the Business Day immediately preceding the day on which final judgment is given.

 

(b)       The
obligations of the Borrower in respect of any sum due to any party hereto or any holder of the obligations owing hereunder (the
“Applicable Creditor”) shall, notwithstanding any judgment in a currency (the “Judgment Currency”)
other than the currency in which such sum is stated to be due hereunder (the “Agreement Currency”), be discharged
only to the extent that, on the Business Day following receipt by the Applicable Creditor of any sum adjudged to be so due in the
Judgment Currency, the Applicable Creditor may, in accordance with normal banking procedures in the relevant jurisdiction, 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 Applicable Creditor in the Agreement Currency, the Borrower agrees, as a separate obligation and notwithstanding any
such judgment, to indemnify the Applicable Creditor against such loss. The obligations of the Borrower contained in this Section
10.13 shall survive the termination of this Agreement and the payment of all other amounts owing hereunder.

 

Section
10.14.    Interest Rate Limitation. Notwithstanding anything herein to the contrary, if
at any time the interest rate applicable to any Loan, together with all fees, charges and other amounts which are treated as interest
on such Loan under applicable law (collectively the “Charges”), shall exceed the maximum lawful rate (the “Maximum
Rate”) which may be contracted for, charged, taken, received or reserved by the Lender holding such Loan in accordance
with applicable law, the rate of interest payable in respect of such Loan hereunder, together with all Charges payable in respect
thereof, shall be limited to the Maximum Rate and, to the extent lawful, the interest and Charges that would have been payable
in respect of such Loan but were not payable as a result of the operation of this Section shall be cumulated and the interest and
Charges payable to such Lender in respect of other Loans or periods shall be increased (but not above the Maximum Rate therefor)
until such cumulated amount, together with interest thereon at the Federal Funds Effective Rate to the date of repayment, shall
have been received by such Lender.

 

    	 	65	 

     

    

 

Section
10.15.    Patriot Act. Each Lender and the Administrative Agent hereby notifies the Borrower
that pursuant to the Patriot Act, it is required to obtain, verify and record information that identifies the Borrower, which information
includes the name and address of the Borrower and other information that will allow such Lender and the Administrative Agent to
identify the Borrower in accordance with the Patriot Act. The Borrower agrees to provide to each Lender and the Administrative
Agent, upon request, with all documentation and other information reasonably requested by such Lender or the Administrative Agent
for purposes of compliance with applicable “know your customer” and anti-money laundering rules and regulations, including
the Patriot Act and the Beneficial Ownership Regulation.

 

Section
10.16.    No Fiduciary Relationship. The Borrower, on behalf of itself and the Subsidiaries,
agrees that in connection with all aspects of the transactions contemplated hereby and any communications in connection therewith,
the Borrower, the Subsidiaries and their Affiliates, on the one hand, and the Administrative Agent, the Lenders and their Affiliates,
on the other hand, will have a business relationship that does not create, by implication or otherwise, any fiduciary duty on the
part of the Administrative Agent, the Lenders or their Affiliates, and no such duty will be deemed to have arisen in connection
with any such transactions or communications. The Borrower, on behalf of itself, the Subsidiaries and its and their respective
Affiliates, waives and releases, to the fullest extent permitted by law, any claims that the Borrower, the Subsidiaries or such
Affiliates may have against the Administrative Agent, any Person identified on the facing page or signature pages of this Agreement
or elsewhere herein as a “syndication agent”, any Lender or any Affiliate of any of the foregoing in respect of any
breach or alleged breach of agency or fiduciary duty.

 

Section
10.17.    Electronic Execution of Assignments and Certain Other Documents. The words “execute,”
“execution,” “signed,” “signature,” and words of like import in or related to any document
to be signed in connection with this Agreement and the transactions contemplated hereby (including without limitation Assignment
and Assumptions, amendments or other modifications, Interest Election Requests, waivers and consents) shall be deemed to include
electronic signatures, the electronic matching of assignment terms and contract formations on electronic platforms approved by
the Administrative Agent, or the keeping of records in electronic form, each of which shall be of the same legal effect, validity
or enforceability as a manually executed signature or the use of a paper-based recordkeeping system, as the case may be, to the
extent and as provided for in any applicable law, including the Federal Electronic Signatures in Global and National Commerce Act,
the New York State Electronic Signatures and Records Act, or any other similar state laws based on the Uniform Electronic Transactions
Act; provided, that, notwithstanding anything contained herein to the contrary, the Administrative Agent is under
no obligation to agree to accept electronic signatures in any form or in any format unless expressly agreed to by the Administrative
Agent pursuant to procedures approved by it.

 

Section
10.18.    Payments Set Aside. To the extent that any payment by or on behalf of the Borrower
is made to the Administrative Agent or any Lender, or the Administrative Agent or any Lender exercises any 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 or such Lender in its discretion)
to be repaid to a trustee, receiver or any other party, in connection with any proceeding under any debtor relief law or otherwise,
then (a) to the extent 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 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 greater (i) the Federal Funds Effective Rate from time to time in effect and (ii) an overnight
rate from time to time in effect and determined by the Administrative Agent in accordance with banking industry rules on interbank
compensation.

 

    	 	66	 

     

    

 

Section
10.19.    Acknowledgement and Consent to Bail-In of EEA Financial Institutions. Notwithstanding
anything to the contrary in any Loan Document or in any other agreement, arrangement or understanding among the parties hereto,
each party hereto acknowledges that any liability of any EEA 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 an EEA Resolution Authority and agrees and
consents to, and acknowledges and agrees to be bound by:

 

(a)               
the application of any Write-Down and Conversion Powers by an EEA Resolution Authority to any such liabilities arising hereunder
which may be payable to it by any party hereto that is an EEA 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 EEA 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 any EEA
Resolution Authority.

 

[remainder of page intentionally blank]

 

 

 

 

 

 

    	 	67	 

     

    

 

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

 

	 	CDK GLOBAL, INC.	 
	 	 	 	 
	 	By:	/s/ Joseph A. Tautges	 
	 	Name: Joseph A. Tautges
	 	Title: Executive Vice President and Chief Financial Officer
	 	 	 	 
	 	 	 	 

 

 

 

 

 

 

 

 

 

 

 

    	[Signature Page to CDK Global Term Loan Credit Agreement]

     

    

 

	 	BANK OF AMERICA, N.A.,
	 	as Administrative Agent	 
	 	 	 	 
	 	By:	/s/ Melissa Mullis	 
	 	Name: Melissa Mullis	 
	 	Title: Assistant Vice President
	 	 	 	 
	 	 	 	 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    	[Signature Page to CDK Global Term Loan Credit Agreement]

     

    

 

	 	BANK OF AMERICA, N.A.,
	 	as a Lender	 
	 	 	 	 
	 	By:	/s/ Arti Dighe	 
	 	Name: Arti Dighe	 
	 	Title: Vice President	 
	 	 	 	 
	 	 	 	 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    	[Signature Page to CDK Global Term Loan Credit Agreement]

     

    

 

	 	JPMORGAN CHASE BANK, N.A.,
	 	as a Lender	 
	 	 	 	 
	 	By:	/s/ Peter B. Thauer	 
	 	Name: Peter B. Thauer	 
	 	Title: Managing Director	 
	 	 	 	 
	 	 	 	 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    	[Signature Page to CDK Global Term Loan Credit Agreement]

     

    

 

	 	MUFG BANK, LTD.,	 
	 	as a Lender	 
	 	 	 	 
	 	By:	/s/ Lillian Kim 	 
	 	Name: Lillian Kim	 
	 	Title: Director	 
	 	 	 	 
	 	 	 	 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    	[Signature Page to CDK Global Term Loan Credit Agreement]

     

    

 

	 	U.S. BANK NATIONAL ASSOCIATION,
	 	as a Lender	 
	 	 	 	 
	 	By:	/s/ Lukas Coleman	 
	 	Name: Lukas Coleman	 
	 	Title: Vice President	 
	 	 	 	 
	 	 	 	 

 

 

 

 

 

 

 

 

 

 

 

    	[Signature Page to CDK Global Term Loan Credit Agreement]

     

    

 

	 	WELLS FARGO BANK, NATIONAL ASSOCIATION
	 	as a Lender	 
	 	 	 	 
	 	By:	/s/ Daniel Kurtz	 
	 	Name: Daniel Kurtz	 
	 	Title: Director	 
	 	 	 	 
	 	 	 	 

 

 

 

 

 

 

 

 

 

 

 

 

 

    	[Signature Page to CDK Global Term Loan Credit Agreement]

     

    

 

	 	BANK OF MONTREAL, CHICAGO BRANCH
	 	as a Lender	 
	 	 	 	 
	 	By:	/s/ Randon Gardley	 
	 	Name: Randon Gardley	 
	 	Title: Vice President	 
	 	 	 	 

 

 

 

 

 

 

 

 

 

 

 

 

 

    	[Signature Page to CDK Global Term Loan Credit Agreement]

     

    

 

	 	BNP PARIBAS,	 
	 	as a Lender	 
	 	 	 	 
	 	By:	/s/ Todd Rodgers	 
	 	Name: Todd Rodgers	 
	 	Title: Director	 
	 	 	 	 
	 	 	 	 
	 	By:	/s/ Liz Cheng	 
	 	Name: Liz Cheng	 
	 	Title: Vice President	 
	 	 	 	 

 

 

 

 

 

 

 

 

 

 

    	[Signature Page to CDK Global Term Loan Credit Agreement]

     

    

 

	 	CITIBANK, N.A.,	 
	 	as a Lender	 
	 	 	 	 
	 	By:	/s/ Ahu Gures	 
	 	Name: Ahu Gures	 
	 	Title: Director and Vice President
	 	 	 	 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    	[Signature Page to CDK Global Term Loan Credit Agreement]

     

    

 

	 	CREDIT SUISSE AG, CAYMAN ISLANDS BRANCH
	 	as a Lender	 
	 	 	 	 
	 	By:	/s/ John D. Toronto	 
	 	Name: John D. Toronto	 
	 	Title: Authorized Signatory
	 	 	 	 
	 	 	 	 
	 	 	 	 
	 	By:	/s/ Whitney Gaston	 
	 	Name: Whitney Gaston	 
	 	Title: Authorized Signatory
	 	 	 	 

 

 

 

 

 

 

 

 

 

    	[Signature Page to CDK Global Term Loan Credit Agreement]

     

    

 

	 	CITIZENS BANK, N.A.,
	 	as a Lender	 
	 	 	 	 
	 	By:	/s/ Patricia F. Grieve	 
	 	Name: Patricia F. Grieve	 
	 	Title: Vice President	 
	 	 	 	 

 

 

 

 

 

 

 

 

 

 

 

 

    	[Signature Page to CDK Global Term Loan Credit Agreement]

     

    

 

	 	THE HUNTINGTON NATIONAL BANK,
	 	as a Lender	 
	 	 	 	 
	 	By:	/s/ Mark Zobel	 
	 	Name: Mark Zobel	 
	 	Title: Vice President	 
	 	 	 	 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    	[Signature Page to CDK Global Term Loan Credit Agreement]

     

    

 

	 	ASSOCIATED BANK, N.A.,
	 	as a Lender	 
	 	 	 	 
	 	By:	/s/ Mark Buechler	 
	 	Name: Mark Buechler	 
	 	Title: Vice President	 
	 	 	 	 

 

 

 

 

 

 

 

 

 

    	[Signature Page to CDK Global Term Loan Credit Agreement]

     

    

 

	 	BRANCH BANKING AND TRUST COMPANY,
	 	as a Lender	 
	 	 	 	 
	 	By:	/s/ Jeff Skalka	 
	 	Name: Jeff Skalka	 
	 	Title: Vice President	 
	 	 	 	 

 

 

 

 

 

 

 

 

 

 

    	[Signature Page to CDK Global Term Loan Credit Agreement]

     

    

 

	 	LLOYDS BANK PLC,	 
	 	as a Lender	 
	 	 	 	 
	 	By:	/s/ Tina Wong	 
	 	Name: Tina Wong	 
	 	Title: Assistant Manager – Transaction Execution, Category A, W011
	 	 	 	 
	 	 	 	 
	 	 	 	 
	 	By:	/s/ Erin Walsh	 
	 	Name: Erin Walsh	 
	 	Title: Assistant Vice President – Transaction Execution, Category A, W004
	 	 	 	 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    	[Signature Page to CDK Global Term Loan Credit Agreement]

     

    

 

	 	MORGAN STANLEY BANK, N.A.,
	 	as a Lender	 
	 	 	 	 
	 	By:	/s/ Michael King	 
	 	Name: Michael King	 
	 	Title: Authorized Signatory

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    	[Signature Page to CDK Global Term Loan Credit Agreement]

     

    

 

EXHIBIT A

 

[FORM OF] ASSIGNMENT AND ASSUMPTION

 

This Assignment and Assumption (this “Assignment
and Assumption”) is dated as of the Effective Date set forth below and is entered into by and between [NAME OF ASSIGNOR]
(the “Assignor”) and [NAME OF ASSIGNEE] (the “Assignee”). Capitalized terms used but not
defined herein shall have the meanings given to them in the Credit Agreement identified below (as amended, restated, amended and
restated, supplemented, extended and/or otherwise modified from time to time, the “Credit Agreement”), receipt
of a copy of which is hereby acknowledged by the Assignee. The Standard Terms and Conditions set forth in Annex 1 attached hereto
are hereby agreed to and incorporated herein by reference and made a part of this Assignment and Assumption as if set forth herein
in full.

 

For an agreed consideration, the Assignor hereby
irrevocably sells and assigns to the Assignee, and the Assignee hereby irrevocably purchases and assumes from the Assignor, subject
to and in accordance with the Standard Terms and Conditions and the Credit Agreement, as of the Effective Date inserted by the
Administrative Agent as contemplated below: (i) all of the Assignor’s rights and obligations in its capacity as a Lender
under the Credit Agreement and any other documents or instruments delivered pursuant thereto to the extent related to the amount
and percentage interest identified below of all of such outstanding rights and obligations of the Assignor (including any guarantees
included in the facility) and (ii) to the extent permitted to be assigned under applicable law, all claims, suits, causes of action
and any other right of the Assignor (in its capacity as a Lender) against any Person, whether known or unknown, arising under or
in connection with the Credit Agreement, any other documents or instruments delivered pursuant thereto or the loan transactions
governed thereby or in any way based on or related to any of the foregoing, including contract claims, tort claims, malpractice
claims, statutory claims and all other claims at law or in equity related to the rights and obligations sold and assigned pursuant
to clause (i) above (the rights and obligations sold and assigned pursuant to clauses (i) and (ii) above being referred to herein
collectively as the “Assigned Interest”). Such sale and assignment is without recourse to the Assignor and,
except as expressly provided in this Assignment and Assumption, without representation or warranty by the Assignor.

 

	 	1.	Assignor:	 	 	 
	 	 	 	 	 	 
	 	2.	Assignee:	 	 	 
	 	 	 	 	[and is [an Affiliate] [a Related Fund] of [identify Lender]]
	 	 	 	 	 	 
	 	3.	Borrower:	 	CDK Global, Inc.	 
	 	 	 	 	 	 
	 	5.	Administrative Agent:	 	Bank of America, N.A., as administrative agent under the Credit Agreement
	 	 	 	 	 	 
	 	6.	Credit Agreement:	 	The Term Loan Credit Agreement, dated as of August [__], 2018, among CDK Global, Inc., a Delaware corporation, the Lenders from time to time party thereto and Bank of America, N.A., as Administrative Agent

 

 

    	 	A-1	 

     

    

 

	 	7.	Assigned Interest:

 

	Facility 

Assigned	Aggregate Amount of 

Commitments/Loans for 

all Lenders	Amount of 

Commitments/Loans 

Assigned	Percentage
Assigned of 

Commitment/Loans1
	3-Year	$	$	%
	5-Year	 	 	 

 

 

Effective Date: _____________ ___, 20___ [TO BE INSERTED BY ADMINISTRATIVE
AGENT AND WHICH SHALL BE THE EFFECTIVE DATE OF RECORDATION OF TRANSFER IN THE REGISTER THEREFOR.]

 

The Assignee agrees to deliver to the Administrative Agent a completed
Administrative Questionnaire in which the Assignee designates one or more credit contacts to whom all syndicate-level information
(which may contain material non-public information about the Borrower and its Related Parties or securities) will be made available
and who may receive such information in accordance with the Assignee’s compliance procedures and applicable laws, including
Federal and state securities laws.

 

 

 

 

 

__________________________

1 Set forth, to at least
9 decimals, as a percentage of the Commitments/Loans of all Lenders thereunder.

 

 

    	 	A-2	 

     

    

 

The terms set forth in this Assignment and Assumption are hereby
agreed to:

 

	 	ASSIGNOR	 
	 	 	 	 
	 	[NAME OF ASSIGNOR]
	 	 	 	 
	 	 	 	 
	 	By: 	 	 
	 	 	Name:	 
	 	 	Title:	 
	 	 	 	 
	 	 	 	 
	 	ASSIGNEE	 
	 	 	 	 
	 	[NAME OF ASSIGNEE]
	 	 	 	 
	 	 	 	 
	 	By: 	 	 
	 	 	Name:	 
	 	 	Title:	 

 

	[Consented to and]2 Accepted:
	 	 	 
	BANK OF AMERICA, N.A., as Administrative Agent
	 	 	 
	By: 	 	 
	 	Name:	 
	 	Title:	 
	 	 	 
	 	 	 
	[Consented to:	 
	 	 	 
	CDK GLOBAL, INC.	 
	 	 	 
	 	 	 
	By: 	 	 
	 	Name:	 
	 	Title:]3	 

 

 

 

____________________________

2 To be added only if the consent of the Administrative
Agent is required by the terms of the Credit Agreement.

3 To be added only if the consent of the Borrower is required
by the terms of the Credit Agreement.

 

    	 	A-3	 

     

    

 

Annex 1

 

Standard Terms and Conditions for

Assignment and Assumption

 

1.        Representations
and Warranties.

 

1.1       Assignor.
The Assignor (a) represents and warrants that (i) it is the legal and beneficial owner of the Assigned Interest, (ii) the Assigned
Interest is free and clear of any lien, encumbrance or other adverse claim and (iii) it has full power and authority, and has taken
all action necessary, to execute and deliver this Assignment and Assumption and to consummate the transactions contemplated hereby;
and (b) assumes no responsibility with respect to (i) any statements, warranties or representations made in or in connection with
the Credit Agreement or any other Loan Document, (ii) the execution, legality, validity, enforceability, genuineness, sufficiency
or value of the Loan Documents or any collateral thereunder, (iii) the financial condition of the Borrower, any of its Subsidiaries
or Affiliates or any other Person obligated in respect of any Loan Document or (iv) the performance or observance by the Borrower,
any of its Subsidiaries or Affiliates or any other Person of any of their respective obligations under any Loan Document.

 

1.2.       Assignee.
The Assignee (a) represents and warrants that (i) it has full power and authority, and has taken all action necessary, to execute
and deliver this Assignment and Assumption and to consummate the transactions contemplated hereby and to become a Lender under
the Credit Agreement, (ii) it satisfies all of the requirements of an Eligible Assignee and any other requirements specified in
the Credit Agreement that are required to be satisfied by it in order to acquire the Assigned Interest and become a Lender, (iii)
from and after the Effective Date, it shall be bound by the provisions of the Credit Agreement as a Lender thereunder and, to the
extent of the Assigned Interest, shall have the obligations of a Lender thereunder, (iv) it is sophisticated with respect to decisions
to acquire assets of the type represented by the Assigned Interest and either it, or the Person exercising discretion in making
its decision to acquire the Assigned Interest, is experienced in acquiring assets of such type, (v) it has received and/or had
the opportunity to review a copy of the Credit Agreement to the extent it has in its sole discretion deemed necessary, together
with copies of the most recent financial statements delivered pursuant to Section 5.01(a) and Section 5.01(b) thereof (or, prior
to the first such delivery, the financial statements referred to in Section 3.04(a) thereof), as applicable, and such other documents
and information as it has in its sole discretion deemed appropriate to make its own credit analysis and decision to enter into
this Assignment and Assumption and to purchase the Assigned Interest on the basis of which it has made such analysis and decision
independently and without reliance on the Administrative Agent or any other Lender, and (vi) attached to the Assignment and Assumption
is any documentation required to be delivered by it pursuant to the terms of the Credit Agreement, duly completed and executed
by the Assignee; (b) agrees that (i) it will, independently and without reliance on the Administrative Agent, the Assignor or any
other Lender, and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit
decisions in taking or not taking action under the Loan Documents, (ii) it appoints and authorizes the Administrative Agent to
take such action as agent on its behalf and to exercise such powers under the Credit Agreement and the other Loan Documents as
are delegated to or otherwise conferred upon the Administrative Agent by the terms thereof, together with such powers as are reasonably
incidental thereto and (iii) it will perform in accordance with their terms all of the obligations which by the terms of the Loan
Documents are required to be performed by it as a Lender; (c) acknowledges and agrees that, as a Lender, it may receive confidential
information concerning the Borrower and its Affiliates and agrees to use such information in accordance with Section 10.12 of the
Credit Agreement; (d) specifies as its applicable lending offices (and addresses for notices) the offices at the addresses set
forth beneath its name on the signature pages hereof; and (e) shall pay to the Administrative Agent an assignment fee to the extent
required to be paid by the Assignee or Assignor under Section 10.04(c)(iii) of the Credit Agreement.

 

    	 	A-4	 

     

    

 

2.       Payments.
From and after the Effective Date, the Administrative Agent shall make all payments in respect of the Assigned Interest (including
payments of principal, interest, fees and other amounts) to the Assignor for amounts which have accrued to but excluding the Effective
Date and to the Assignee for amounts which have accrued from and after the Effective Date. Notwithstanding the foregoing, the Administrative
Agent shall make all payments of interest, fees or other amounts paid or payable in kind from and after the Effective Date to the
Assignee.

 

3.       Effect
of Assignment. Upon the delivery of a fully executed original hereof to the Administrative Agent, as of the Effective Date,
(i) the Assignee shall be a party to the Credit Agreement and, to the extent of the Assigned Interest and as provided in this Assignment
and Assumption, have the rights and obligations of a Lender thereunder and under the other Loan Documents and (ii) the Assignor
shall, to the extent provided in this Assignment and Assumption, the Credit Agreement and the other Loan Documents, relinquish
its rights and be released from its obligations under the Credit Agreement and the other Loan Documents to the extent of the Assigned
Interest.

 

4.       General
Provisions. This Assignment and Assumption shall be binding upon, and inure to the benefit of, the parties hereto and their
respective successors and assigns. This Assignment and Assumption may be executed in any number of counterparts, which together
shall constitute one instrument. Delivery of an executed counterpart of a signature page of this Assignment and Assumption by telecopy
or other electronic transmission (including via “pdf”) shall be effective as delivery of a manually executed counterpart
of this Assignment and Assumption. THIS ASSIGNMENT AND ASSUMPTION SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS
OF THE STATE OF NEW YORK.

 

[Remainder of page left intentionally blank.]

 

 

 

 

 

    	 	A-5	 

     

    

 

EXHIBIT B

 

[FORM OF] INTEREST ELECTION REQUEST

 

[Date]

 

To:Bank of America, N.A., as Administrative Agent

 

Ladies and Gentlemen:

 

Reference is hereby made to the Term Loan Credit
Agreement, dated as of August [__], 2018 (as amended, restated, supplemented or otherwise modified from time to time, the “Credit
Agreement”), among CDK Global, Inc. (the “Borrower”), the Lenders from time to time party thereto
and Bank of America, N.A, as Administrative Agent.

 

The Borrower hereby requests a [conversion]
[continuation] of:

 

	1.	Borrowing to which this request applies: [ ]
	 	a.	Principal Amount: [ ]
	 	b.	Type: [ ]
	 	c.	If a LIBOR Borrowing, Interest Period: [ ] [month](s)
	2.	On ________________________ (a Business Day).
	3.	Resulting Borrowing[s]:[4]
	 	a.	Principal Amount: [ ]
	 	b.	Type: [ ]
	 	c.	For a LIBOR Borrowing, Interest Period: [ ] month(s)

 

 

 

 

[signature page follows]

 

 

 

 

 

 

 

 

 

 

____________________________

4
If different options are being elected with respect to different portions of the Borrowing to which this Interest Election
Request applies, provide the information required by this item 3 for each resulting Borrowing.

 

    	 	B-1	 

     

    

 

IN WITNESS WHEREOF, the undersigned Borrower has caused this Interest
Election Request to be executed by a duly authorized officer as of the date first written above.

 

 

	 	CDK GLOBAL, INC.
	 	 	 	 
	 	 	 	 
	 	By: 	 	 
	 	 	Name:	 
	 	 	Title:	 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    	 	B-2	 

     

    

 

EXHIBIT C

 

[FORM OF] PROMISSORY NOTE

 

For value received, CDK Global, Inc., a Delaware
corporation (the “Borrower”), promises to pay to [name of Lender] or its registered assigns (the “Lender”),
(i) the principal amount of each Loan from time to time made by the Lender to the Borrower under the Credit Agreement (as defined
below), when and as due and payable under the terms of the Credit Agreement, and (ii) interest on the unpaid principal amount of
each such Loan on the dates and at the rate or rates provided for in the Credit Agreement. All such payments of principal and interest
shall be made in US Dollars to the accounts specified in the Credit Agreement, in immediately available funds.

 

All Loans made by the Lender, and all repayments
of the principal thereof, shall be recorded by the Lender and, prior to any transfer hereof, appropriate notations to evidence
the foregoing information with respect to each such Loan then outstanding shall be endorsed by the Lender on the schedule attached
hereto, or on a continuation of such schedule attached hereto and made a part hereof; provided, that, the failure
of the Lender to make any such recordation or endorsement shall not affect the obligations of the Borrower hereunder or under the
Credit Agreement.

 

This note is one of the promissory notes issued
pursuant to the Term Loan Credit Agreement, dated as of August [__], 2018 (as amended, restated, supplemented or otherwise modified
from time to time, the “Credit Agreement”), among the Borrower, the Lenders from time to time party thereto
and Bank of America, N.A., as Administrative Agent. Capitalized terms not defined herein shall have the meanings assigned to such
terms in the Credit Agreement. Reference is made to the Credit Agreement for provisions governing the mandatory and optional prepayment
hereof and the acceleration of the maturity hereof.

 

This note is subject to the provisions of Section
10.09(b), Section 10.09(c), Section 10.09(d) and Section 10.10 of the Credit Agreement.

 

The Borrower,
for itself, its successors and assigns, hereby waives diligence, presentment, protest and demand and notice of protest, demand,
dishonor and non-payment of this note.

 

This note shall be governed by and construed
in accordance with the laws of the State of New York.

 

[REMAINDER OF PAGE INTENTIONALLY
LEFT BLANK]

 

 

 

 

 

 

 

 

    	 	C-1	 

     

    

 

IN WITNESS WHEREOF, the undersigned has caused this note to be duly executed and delivered
by its officer thereunto duly authorized.

 

 

	 	CDK GLOBAL, INC.
	 	 	 	 
	 	 	 	 
	 	By: 	 	 
	 	 	Name:	 
	 	 	Title:	 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    	 	C-2	 

     

    

 

SCHEDULE OF LOANS AND PAYMENTS OF PRINCIPAL

 

	Date	Amount of Loan	Amount of Principal Repaid	Unpaid Principal Balance	Notations Made By
	 	 	 	 	 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    	 	C-3	 

     

    

 

EXHIBIT D-1

 

[FORM OF] US TAX COMPLIANCE CERTIFICATE

 

(For Foreign Lenders That Are Not Partnerships For U.S. Federal Income
Tax Purposes)

 

Reference is hereby made to the Term Loan Credit
Agreement, dated as of August [__], 2018 (as amended, restated, supplemented or otherwise modified from time to time, the “Credit
Agreement”), among CDK Global, Inc. (the “Borrower”), the Lenders from time to time party thereto
and Bank of America, N.A, as Administrative Agent.

 

Pursuant to the provisions of Section 2.16 of
the Credit Agreement, the undersigned hereby certifies that (i) it is the sole record and beneficial owner of the Loan(s) (as well
as any promissory note(s) evidencing such Loan(s)) in respect of which it is providing this certificate, (ii) it is not a bank
within the meaning of Section 881(c)(3)(A) of the Internal Revenue Code of 1986, as amended (the “Code”), (iii)
it is not a ten percent shareholder of the Borrower within the meaning of Section 881(c)(3)(B) of the Code, (iv) it is not a controlled
foreign corporation related to the Borrower as described in Section 881(c)(3)(C) of the Code, and (v) the interest payments on
the Loan(s) are not effectively connected with the undersigned’s conduct of a U.S. trade or business or are effectively connected
but are not includible in the undersigned’s gross income for U.S. federal income tax purposes under an income tax treaty.

 

The undersigned has furnished the Administrative
Agent and the Borrower with a certificate of its non-U.S. person status on IRS Form W-8BEN or W-8BEN-E. By executing this certificate,
the undersigned agrees that (1) if the information provided on this certificate changes, the undersigned shall promptly so inform
the Borrower and the Administrative Agent, and (2) the undersigned shall have at all times furnished the Borrower and the Administrative
Agent with a properly completed and currently effective certificate in either the calendar year in which each payment is to be
made to the undersigned, or in either of the two calendar years preceding such payments.

 

Unless otherwise defined herein, terms defined
in the Credit Agreement and used herein shall have the meanings given to them in the Credit Agreement.

 

 

 

	[NAME OF LENDER]	 
	 	 	 	 
	 	By	 	 
	 	 	Name:	 
	 	 	Title:	 
	 	 	 	 
	 	 	 	 
	Date: [  ], 20[  ]	 

 

 

 

 

 

    	 	D-1-1	 

     

    

 

EXHIBIT D-2

 

[FORM OF] US TAX COMPLIANCE CERTIFICATE

 

(For Foreign Participants That Are Not Partnerships For U.S. Federal
Income Tax Purposes)

 

Reference is hereby made to the Term Loan Credit
Agreement dated as of August [__], 2018 (as amended, restated, supplemented or otherwise modified from time to time, the “Credit
Agreement”), among CDK Global, Inc. (the “Borrower”), the Lenders from time to time party thereto
and Bank of America, N.A, as Administrative Agent.

 

Pursuant to the provisions of Section 2.16 of
the Credit Agreement, the undersigned hereby certifies that (i) it is the sole record and beneficial owner of the participation
in respect of which it is providing this certificate, (ii) it is not a bank within the meaning of Section 881(c)(3)(A) of the Internal
Revenue Code of 1986, as amended (the “Code”), (iii) it is not a ten percent shareholder of the Borrower within
the meaning of Section 881(c)(3)(B) of the Code, (iv) it is not a controlled foreign corporation related to the Borrower as described
in Section 881(c)(3)(C) of the Code, and (v) the interest payments with respect to such participation are not effectively connected
with the undersigned’s conduct of a U.S. trade or business or are effectively connected but are not includible in the undersigned’s
gross income for U.S. federal income tax purposes under an income tax treaty.

 

The undersigned has furnished its participating
Lender with a certificate of its non-U.S. person status on IRS Form W-8BEN or W-8BEN-E. By executing this certificate, the undersigned
agrees that (1) if the information provided on this certificate changes, the undersigned shall promptly so inform such Lender in
writing, and (2) the undersigned shall have at all times furnished such Lender with a properly completed and currently effective
certificate in either the calendar year in which each payment is to be made to the undersigned, or in either of the two calendar
years preceding such payments.

 

Unless otherwise defined herein, terms defined
in the Credit Agreement and used herein shall have the meanings given to them in the Credit Agreement.

 

 

 

	[NAME OF PARTICIPANT]	 
	 	 	 
	By	 	 
	 	Name:	 
	 	Title:	 
	 	 	 
	Date: [  ], 20[  ]	 

 

 

 

 

    	 	D-2-1	 

     

    

 

EXHIBIT D-3

 

[FORM OF] US TAX COMPLIANCE CERTIFICATE

 

(For Foreign Participants That Are Partnerships For U.S. Federal
Income Tax Purposes)

 

Reference is hereby made to the Term Loan Credit
Agreement dated as of August [__], 2018 (as amended, restated, supplemented or otherwise modified from time to time, the “Credit
Agreement”), among CDK Global, Inc. (the “Borrower”), the Lenders from time to time party thereto
and Bank of America, N.A, as Administrative Agent.

 

Pursuant to the provisions of Section 2.16 of
the Credit Agreement, the undersigned hereby certifies that (i) it is the sole record owner of the participation in respect of
which it is providing this certificate, (ii) its partners/members are the sole beneficial owners of such participation, (iii) with
respect such participation, neither the undersigned nor any of its partners/members is a bank extending credit pursuant to a loan
agreement entered into in the ordinary course of its trade or business within the meaning of Section 881(c)(3)(A) of the Internal
Revenue Code of 1986, as amended (the “Code”), (iv) none of its partners/members is a ten percent shareholder
of the Borrower within the meaning of Section 881(c)(3)(B) of the Code, (v) none of its partners/members is a controlled foreign
corporation related to the Borrower as described in Section 881(c)(3)(C) of the Code, and (vi) the interest payments with respect
to such participation are not effectively connected with the undersigned’s or its partners/members’ conduct of a U.S.
trade or business or are effectively connected but are not includible in the partners/members’ gross income for U.S. federal
income tax purposes under an income tax treaty.

 

The undersigned has furnished its participating
Lender with IRS Form W-8IMY accompanied by one of the following forms from each of its partners/members that is claiming the portfolio
interest exemption: (i) an IRS Form W-8BEN or W-8BEN-E or (ii) an IRS Form W-8IMY accompanied by an IRS Form W-8BEN or W-8BEN-E
from each of such partner’s/member’s beneficial owners that is claiming the portfolio interest exemption. By executing
this certificate, the undersigned agrees that (1) if the information provided on this certificate changes, the undersigned shall
promptly so inform such Lender and (2) the undersigned shall have at all times furnished such Lender with a properly completed
and currently effective certificate in either the calendar year in which each payment is to be made to the undersigned, or in either
of the two calendar years preceding such payments.

 

Unless otherwise defined herein, terms defined
in the Credit Agreement and used herein shall have the meanings given to them in the Credit Agreement.

 

 

 

	[NAME OF PARTICIPANT]	 
	 	 	 
	By	 	 
	 	Name:	 
	 	Title:	 
	 	 	 
	Date: [  ], 20[  ]

 

 

 

 

    	 	D-3-1	 

     

    

 

EXHIBIT D-4

 

[FORM OF] U.S. TAX COMPLIANCE CERTIFICATE

 

(For Foreign Lenders That Are Partnerships For U.S. Federal Income
Tax Purposes)

 

Reference is hereby made to the Term Loan Credit
Agreement dated as of August [__], 2018 (as amended, restated, supplemented or otherwise modified from time to time, the “Credit
Agreement”), among CDK Global, Inc. (the “Borrower”), the Lenders from time to time party thereto
and Bank of America, N.A, as Administrative Agent.

 

Pursuant to the provisions of Section 2.16 of
the Credit Agreement, the undersigned hereby certifies that (i) it is the sole record owner of the Loan(s) (as well as any promissory
note(s) evidencing such Loan(s)) in respect of which it is providing this certificate, (ii) its partners/members are the sole beneficial
owners of such Loan(s) (as well as any promissory note(s) evidencing such Loan(s)), (iii) with respect to the extension of credit
pursuant to this Credit Agreement or any other Loan Document, neither the undersigned nor any of its partners/members is a bank
extending credit pursuant to a loan agreement entered into in the ordinary course of its trade or business within the meaning of
Section 881(c)(3)(A) of the Internal Revenue Code of 1986, as amended (the “Code”), (iv) none of its partners/members
is a ten percent shareholder of the Borrower within the meaning of Section 881(c)(3)(B) of the Code, (v) none of its partners/members
is a controlled foreign corporation related to the Borrower as described in Section 881(c)(3)(C) of the Code, and (vi) the interest
payments on the Loan(s) are not effectively connected with the undersigned’s or its partners/members’ conduct of a
U.S. trade or business or are effectively connected but are not includible in the partners/members’ gross income for U.S.
federal income tax purposes under an income tax treaty.

 

The undersigned has furnished the Administrative
Agent and the Borrower with IRS Form W-8IMY accompanied by one of the following forms from each of its partners/members that is
claiming the portfolio interest exemption: (i) an IRS Form W-8BEN or W-8BEN-E or (ii) an IRS Form W-8IMY accompanied by an IRS
Form W-8BEN or W-8BEN-E from each of such partner’s/member’s beneficial owners that is claiming the portfolio interest
exemption. By executing this certificate, the undersigned agrees that (1) if the information provided on this certificate changes,
the undersigned shall promptly so inform the Borrower and the Administrative Agent, and (2) the undersigned shall have at all times
furnished the Borrower and the Administrative Agent with a properly completed and currently effective certificate in either the
calendar year in which each payment is to be made to the undersigned, or in either of the two calendar years preceding such payments.

 

Unless otherwise defined herein, terms defined
in the Credit Agreement and used herein shall have the meanings given to them in the Credit Agreement.

 

 

 

	[NAME OF LENDER]	 
	 	 	 
	By	 	 
	 	Name:	 
	 	Title:	 
	 	 	 
	Date: [  ], 20[  ]	 

 

 

 

 

 

D-4-1

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