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    Exhibit 4.6

    

    
       

      

      Execution Version

      

      

      FOURTH AMENDMENT TO

      

      

      AMENDED AND RESTATED CREDIT AGREEMENT

      

      

      THIS FOURTH AMENDMENT TO AMENDED AND RESTATED CREDIT AGREEMENT (this "Amendment"), dated January 28, 2020, is entered into by and
        among Thryv, Inc. (formerly known as Dex Media, Inc.), a Delaware corporation ("Borrower"), Thryv Holdings, Inc. (formerly known as Dex Media Holdings, Inc.), a Delaware corporation ("Parent"), Wells Fargo Bank, National Association, as
        administrative agent for each Secured Party (in such capacity, together with its successors and assigns in such capacity, "Administrative Agent") and the Lenders party hereto (collectively constituting the Required Lenders). Capitalized terms used
        herein shall have the meanings given to them in the Amended Credit Agreement (as defined below) unless otherwise specified.

      

      

      RECITALS

      

      

      Borrower, Parent, Administrative Agent and the Lenders from time to time party thereto are parties to that certain Amended and
        Restated Credit Agreement, dated as of June 30, 2017 (as amended by that certain First Amendment to Amended and Restated Credit Agreement, dated as of January 31, 2019, that certain Second Amendment to Amended and Restated Credit Agreement, dated
        as of March 21, 2019, and that certain Third Amendment to Amended and Restated Credit Agreement, dated as of August 20, 2019, and as may be further amended, restated, amended and restated, supplemented and/or otherwise modified from time to time
        prior to the date hereof, the "Credit Agreement" and as further amended by this Amendment, the "Amended Credit Agreement").

      

      

      Borrower has requested certain amendments be made to the Credit Agreement, which Administrative Agent and Lenders party hereto
        (collectively constituting the Required Lenders) are willing to make pursuant to the terms and conditions set forth herein.

      

      

      NOW, THEREFORE, in consideration of the premises and of the mutual covenants and agreements herein contained, it is agreed as
        follows:

      

      

      1.  Amendments to Credit Agreement. Effective as of the date hereof (the "Fourth Amendment Effective Date"), Schedule 1.1 of the
        Credit Agreement is hereby amended by giving effect to each of the following:

      

      

      (a)   Delete the words "First Amendment Effective Date" from sub-clause (a)(ii) of the definition of "Available Amount" and replace it with the words
        "Fourth Amendment Effective Date".

      

      

      (b)  Delete the words "First Amendment Effective Date" from sub-clause (b) of the definition of "Available Amount
        Conditions" and replace it with the word "Fourth Amendment Effective Date".

      

      

      (c)    Insert in the appropriate
          alphabetical order the following new definition:

      

      

      ""Fourth Amendment Effective Date" means January 28, 2020."

      

      

      
        
          

      

      
      2.   Representations and Warranties. The Borrower hereby represents and warrants to Administrative Agent and the Lenders party hereto as of the Fourth Amendment Effective
        Date that the representations and warranties contained in Section 4 of the Amended Credit Agreement are correct in all material respects (except that such materiality qualifier shall not be applicable to any representations and warranties that
        already are qualified or modified by materiality in the text thereof) on and as of the Fourth Amendment Effective Date as though made on and as of such date (except to the extent that such representations and warranties relate solely to an earlier
        date, in which case such representations and warranties shall be true and correct in all material respects (except that such materiality qualifier shall not be applicable to any representations and warranties that already are qualified or modified
        by materiality in the text thereof) as of such earlier date).

      

      

      3.   References. All references in the Credit Agreement to "this Agreement" shall be deemed to refer to the Amended Credit
        Agreement; and any and all references in the Loan Documents to the Credit Agreement shall be deemed to refer to the Amended Credit Agreement. 

      

      

      4.   No Waiver. The execution of this Amendment and the acceptance of all other agreements and instruments related hereto shall not
        be deemed to be a waiver of any Default or Event of Default under the Credit Agreement or a waiver of any breach, default or event of default under any Loan Document or other document held by Administrative Agent, whether or not known to
        Administrative Agent and whether or not existing on the date of this Amendment. 

      

      

      5.   Counterparts. This Amendment may be executed in any number of counterparts, each of which, when so executed and delivered, shall be deemed an
        original and all of which counterparts, when taken together, shall constitute one and the same instrument. Delivery of an executed counterpart of this Amendment by telefacsimile or other electronic method of transmission shall be equally as
        effective as delivery of an original executed counterpart of this Amendment. 

      

      

      6.  Governing Law. THIS AMENDMENT, THE CONSTRUCTION, INTERPRETATION, AND ENFORCEMENT HEREOF, THE RIGHTS OF THE PARTIES HERETO WITH RESPECT TO ALL MATTERS
        ARISING HEREUNDER OR RELATED HERETO, AND ANY CLAIMS, CONTROVERSIES OR DISPUTES ARISING HEREUNDER OR RELATED HERETO SHALL BE DETERMINED UNDER, GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK. 

      

      

      
        [Signature Pages Follow]

      

      

      

      
        -2-

        
          

        

      

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

      

      

      

      
        	
                 

              	
                THRYV, INC.

                
                  a Delaware corporation

                

              
	 	 
	
                 

              	By:

              	/s/  KJ.Christopher 
	
                 

              	
                 

              	Name:

              	KJ.Christopher
	 	 	Title:

              	AVP-Investor Relations, Treasury & Tax

              

      

      

      

      
        	
                 

              	
                
                  THRYV HOLDINGS, INC. 

                

                
                  a Delaware corporation

                

              
	 	 
	
                 

              	By:

              	/s/  KJ.Christopher 
	
                 

              	
                 

              	Name:

              	KJ.Christopher
	 	 	Title:

              	AVP-Investor Relations, Treasury & Tax

      

      

      

      Signature page to Fourth Amendment to Amended and Restated Credit Agreement 

      
        

        

        
          

          
            

          

        

      

      
        	 

              	
                WELLS FARGO BANK, NATIONAL ASSOCIATION,

                a national banking association

                as Administrative Agent and as a Lender

              
	 	 
	
                 

              	By:

              	/s/ Marc J. Breier

              
	
                 

              	
                 

              	Name:

              	
                Marc J. Breier

              
	 	 	Title:

              	
                Authorized Signatory

              

      

      

      

      Signature page to Fourth Amendment to Amended and Restated Credit Agreement 

      

      

      
        

        
          

        

      

      
        	
                 

              	
                PNC BANK, NATIONAL ASSOCIATION,

                a national banking association, as a Lender

              
	 	 
	
                 

              	By:

              	

              
	
                 

              	
                 

              	Name:

              	

              
	 	 	Title:

              	

              

      

      

      

      Signature page to Fourth Amendment to Amended and Restated Credit Agreement 

       

      

      
        

        
          

        

      

      
        	
                 

              	
                CU BANK, N.A.

                a national banking association, as a Lender

              
	 	 
	
                 

              	By:

              	

              
	
                 

              	
                 

              	Name:

              	

              
	 	 	Title:

              	

              

      

      

      

      Signature page to Fourth Amendment to Amended and Restated Credit AgreementExhibit 4.7

   

  Execution Version

   

  

  
  
     

  

  
  AMENDED AND RESTATED CREDIT AGREEMENT

   

  dated as of

   

  December 31, 2018,

   

  among

   

  DEX MEDIA, INC.

   

  as Borrower,

   

  The Lenders Party Hereto

   

  and

   

  WILMINGTON TRUST,

  NATIONAL ASSOCIATION

   

  as Administrative Agent

   

  

  
  
     

  

  
   

  
  
    	 	 	 

  

  
     

  

  
    

  TABLE OF CONTENTS

   

  	 	 	Page
	 	 	 
	ARTICLE I
	 	 	 
	DEFINITIONS	1
	 	 	 
	Section 1.01.	Defined Terms	1
	Section 1.02.	Classification of Loans and Borrowings	24
	Section 1.03.	Terms Generally	24
	Section 1.04.	Accounting Terms; GAAP	25
	 	 	 
	ARTICLE II
	 	 	 
	THE CREDITS	25
	 	 	 
	Section 2.01.	Loans	25
	Section 2.02.	Borrowings	26
	Section 2.03.	Interest Elections	26
	Section 2.04.	Repayment of Loans; Evidence of Debt	27
	Section 2.05.	Use of Proceeds.	28
	Section 2.06.	Prepayment of Loans	28
	Section 2.07.	Fees	30
	Section 2.08.	Interest	31
	Section 2.09.	Alternate Rate of Interest	31
	Section 2.10.	Increased Costs; Illegality	32
	Section 2.11.	Break Funding Payments	33
	Section 2.12.	Taxes	33
	Section 2.13.	Payments Generally; Pro Rata Treatment; Sharing of Setoffs	36
	Section 2.14.	Mitigation Obligations; Replacement of Lenders	37
	 
	ARTICLE III
	 
	REPRESENTATIONS AND WARRANTIES	39
	 	 	 
	Section 3.01.	Organization; Powers	39
	Section 3.02.	Authorization; Enforceability	39
	Section 3.03.	Governmental Approvals; No Conflicts	39
	Section 3.04.	Financial Condition	39
	Section 3.05.	Properties	40
	Section 3.06.	Litigation and Environmental Matters	40
	Section 3.07.	Compliance with Laws and Agreements	40
	Section 3.08.	Investment Company Status	41
	Section 3.09.	Taxes	41
	Section 3.10.	ERISA	41
	Section 3.11.	Margin Regulations	42
	Section 3.12.	Disclosure	42
	Section 3.13.	Subsidiaries	42

   

  
  
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  	Section 3.14.	Insurance	42
	Section 3.15.	Labor Matters	42
	Section 3.16.	Solvency	42
	Section 3.17.	Security Documents	42
	Section 3.18.	Liens	43
	Section 3.19.	Use of Proceeds	43
	Section 3.20.	Indebtedness	43
	Section 3.21.	Bank Accounts	43
	 	 	 
	ARTICLE IV
	 	 	 
	CONDITIONS	43
	 	 	 
	Section 4.01.	Effectiveness of Agreement	43
	 	 	 
	ARTICLE V
	 	 	 
	AFFIRMATIVE COVENANTS	46
	 	 
	Section 5.01.	Financial Statements and Other Information	46
	Section 5.02.	Notices of Material Events	48
	Section 5.03.	Information Regarding Collateral	48
	Section 5.04.	Existence; Conduct of Business	48
	Section 5.05.	Payment of Obligations	48
	Section 5.06.	Maintenance of Properties	49
	Section 5.07.	Insurance	49
	Section 5.08.	Casualty and Condemnation	49
	Section 5.09.	Books and Records; Inspection and Audit Rights	49
	Section 5.10.	Compliance with Laws	49
	Section 5.11.	Additional Subsidiaries	49
	Section 5.12.	Further Assurances	49
	Section 5.13.	Anti-Bribery, Anti-Corruption and Anti-Money Laundering Laws; Sanctions	50
	Section 5.14.	Post-Closing Matters	50
	 	 	 
	ARTICLE VI
	 	 	 
	NEGATIVE COVENANTS	50
	 	 	 
	Section 6.01.	Indebtedness; Certain Equity Securities	50
	Section 6.02.	Liens	52
	Section 6.03.	Fundamental Changes	53
	Section 6.04.	Investments, Loans, Advances, Guarantees and Acquisitions	53
	Section 6.05.	Asset Sales	55
	Section 6.06.	Sale and Leaseback Transactions	56
	Section 6.07.	Swap Agreements	56
	Section 6.08.	Restricted Payments; Certain Payments of Indebtedness	56
	Section 6.09.	Transactions with Affiliates	57
	Section 6.10.	Restrictive Agreements	57

   

  
  
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  	Section 6.11.	Change in Business	58
	Section 6.12.	Fiscal Year	58
	Section 6.13.	Amendment of Material Documents	58
	Section 6.14.	Leverage Ratio	58
	Section 6.15.	Capital Expenditures	58
	Section 6.16.	ABL Credit Agreement	58
	 	 	 
	ARTICLE VII
	 	 	 
	EVENTS OF DEFAULT	58
	 	 	 
	ARTICLE VIII
	 	 	 
	THE AGENT	61
	 	 	 
	ARTICLE IX
	 	 	 
	MISCELLANEOUS	62
	 	 
	Section 9.01.	Notices	62
	Section 9.02.	Waivers; Amendments	63
	Section 9.03.	Expenses; Indemnity; Damage Waiver	64
	Section 9.04.	Successors and Assigns	65
	Section 9.05.	Survival	68
	Section 9.06.	Counterparts; Integration; Effectiveness	68
	Section 9.07.	Severability	68
	Section 9.08.	Right of Setoff	68
	Section 9.09.	Governing Law; Jurisdiction; Consent to Service of Process	68
	Section 9.10.	WAIVER OF JURY TRIAL	69
	Section 9.11.	Headings	69
	Section 9.12.	Confidentiality	69
	Section 9.13.	Interest Rate Limitation	70
	Section 9.14.	Termination or Release	70
	Section 9.15.	USA Patriot Act	71
	Section 9.16.	Acknowledgement and Consent to Bail-In of EEA Financial Institutions	71

   

  	ANNEX:	 	 
	 	 	 
	Annex I	—	Deemed EBITDA

   

  	SCHEDULES:	 	 
	 	 	 
	Schedule 1.01	—	Mortgaged Property
	Schedule 2.01(a)	—	Loans
	Schedule 3.05	—	Properties
	Schedule 3.09	—	Taxes
	Schedule 3.13	—	Subsidiaries
	Schedule 3.14	—	Insurance
	Schedule 3.17	—	UCC Filing Jurisdictions
	Schedule 3.21	—	Bank Accounts

   

  
  
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  	Schedule 5.01(g)	—	Summary of Key Performance Indicators
	Schedule 6.01	—	Indebtedness
	Schedule 6.02	—	Liens
	Schedule 6.04	—	Investments
	Schedule 6.10	—	Restrictions

   

  	EXHIBITS:	 	 
	 	 	 
	Exhibit A	—	Form of Assignment and Assumption
	Exhibit B	—	Form of Amended and Restated Guarantee and Collateral Agreement
	Exhibit C-1	—	Form of U.S. Tax Compliance Certificate
	Exhibit C-2	—	Form of U.S. Tax Compliance Certificate
	Exhibit C-3	—	Form of U.S. Tax Compliance Certificate
	Exhibit C-4	—	Form of U.S. Tax Compliance Certificate
	Exhibit D	—	Form of Promissory Note
	Exhibit E	—	Form of Borrowing Notice
	Exhibit F	—	Form of Solvency Certificate
	Exhibit G	—	Form of Closing Date Certificate

   

  
  
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  AMENDED AND RESTATED CREDIT
    AGREEMENT, dated as of December 31, 2018 (including all schedules and exhibits hereto, in each case, as amended, restated, supplemented
    or otherwise modified from time to time, this “Agreement”), among DEX MEDIA HOLDINGS, INC., a Delaware corporation
    (“Holdings”), DEX MEDIA, INC., a Delaware corporation (the “Borrower”), the several banks
    and other financial institutions or entities from time to time party hereto (the “Lenders”), and WILMINGTON
    TRUST, NATIONAL ASSOCIATION, as administrative agent for such lenders.

   

  Recitals

   

  WHEREAS, the Borrower has
    requested that the Lenders make available to the Borrower a senior secured term loan facility to the Borrower, in an aggregate
    principal amount not to exceed $825,000,000, by amending and restating that certain Credit Agreement, dated as of July 29, 2016,
    among Holdings, as borrower, the lenders from time to time party thereto, and Wilmington Trust, National Association, as administrative
    agent for such lenders (as amended, restated, amended and restated, supplemented or otherwise modified from time to time prior
    to the Closing Date, the “Existing Credit Agreement”);

   

  WHEREAS, the Lenders are
    willing to make such credit facility available upon and subject to the terms and conditions hereafter set forth;

   

  NOW, THEREFORE, in consideration
    of the premises and mutual covenants herein contained, the parties hereto hereby agree that, effective as of the Closing Date (as
    defined below), the Existing Credit Agreement shall be amended and restated in its entirety as follows:

   

  ARTICLE I

   

  DEFINITIONS

   

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

   

  “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.

   

  “ABL Credit Agreement”
    means that certain Amended and Restated Credit Agreement, dated as of June 30, 2017, by and among the Borrower, certain other Credit
    Parties, certain other Subsidiaries of the Borrower, the lenders party thereto and the ABL Facility Agent (the “Existing
      ABL Credit Agreement”), as such document may be amended, restated, supplemented or otherwise modified, replaced or refinanced
    from time to time in accordance with the terms of the Intercreditor Agreement.

   

  “ABL Facility”
    means the senior secured asset based revolving credit facility under the ABL Credit Agreement.

   

  “ABL Facility Agent”
    means Wells Fargo Bank, National Association, as administrative agent in respect of the ABL Facility Documents, and any successor
    administrative agent appointed in accordance with the terms thereof or any administrative agent under any replacement or refinanced
    ABL Credit Agreement.

   

  “ABL Facility Documents”
    means the ABL Credit Agreement and the other “Loan Documents” under and as defined in the ABL Credit Agreement, as
    each such document may be amended, restated, supplemented or otherwise modified from time to time in accordance with the terms
    hereof and of the Intercreditor Agreement.

   

  “Acceptable Payment Percentage”
    has the meaning assigned to such term in Section 2.15(c).

   

  “Accepted Amount” has the meaning assigned
    to such term in Section 2.15(c).

   

  
  
    	 	 	 

  

  
     

  

  
    

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

   

  “Administrative
      Agent” means Wilmington Trust, National Association, in its capacity as administrative agent for the Lenders hereunder
    and its Affiliates and permitted successors acting in such capacity.

   

  “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. Solely for purposes of Section 6.09, “control”
    (including, with correlative meanings, the terms “controlling”, “controlled by” and “under common
    control with”), as applied to any Person, means the possession, directly or indirectly, of the power to vote 10% or more
    of the securities having ordinary voting power for the election of directors of such Person.

   

  “Agent”
    means the Administrative Agent and each of its Affiliates and successors acting in any such capacity.

   

  “Agent Fee Letter”
    means that certain letter agreement dated as of December 31, 2018, among the Borrower and the Agent and entitled “Administration
    Fees for Dex Media, Inc. – Amended and Restated Credit Facility”, as it may be amended, restated, supplemented or otherwise
    modified from time to time.

   

  “Agreement” has
    the meaning assigned in the preamble hereto.

   

  “Alternate Base
      Rate” means, for any day, a rate per annum equal to the greatest of (a) the Prime Rate in effect on such day, (b) the
    Federal Funds Effective Rate in effect on such day plus 1/2 of 1%, (c) the Adjusted LIBO Rate for a Eurodollar Loan with
    an Interest Period of one month commencing on such day plus 1% and (d) 2.00%, provided that, for the avoidance of doubt,
    the Adjusted LIBO Rate for any day shall be based on the rate appearing on Reuters Screen LIBOR 01 Page (or on any successor or
    substitute of such page) at approximately 11:00 a.m., London time, on such day. Any change in the Alternate Base Rate due to a
    change in the 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 the Prime Rate or the Federal Funds Effective Rate or the Adjusted LIBO Rate, as the case may
    be.

   

  “Alternate Rate Period”
    has the meaning assigned to such term in Section 2.09(a).

   

  “Anti-Corruption
      Laws” means Laws relating to bribery or corruption, including the FCPA, the U.K. Bribery Act of 2010, and all national
    and international Laws enacted to implement the OECD Convention on Combating Bribery of Foreign Officials in International Business
    Transactions.

   

  “Anti-Money Laundering
      Laws” means Laws relating to terrorism or money laundering, including Executive Order No. 13224, the PATRIOT Act and
    the Laws comprising or implementing the Bank Secrecy Act.

   

  “Applicable Rate”
    means (a) with respect to any Loans comprising Eurodollar Loans, 9.00% per annum, and (b) with respect to any Loans comprising
    Base Rate Loans, 8.00% per annum.

   

  “Approved Fund”
    has the meaning assigned to such term in Section 9.04.

   

  “Asset Disposition”
    means (a) any sale, lease, license, sublicense, assignment, conveyance, transfer or other disposition (including pursuant to a
    sale and leaseback, securitization or spin-off transaction) of any property or asset of Holdings or any Subsidiary, other than
    dispositions described in clauses (a), (b), (e), (f) and (g) of Section 6.05 and (b) any casualty or other insured damage to, or
    any taking under power of eminent domain or by condemnation or similar proceeding of, any property or asset of Holdings or any
    Subsidiary, but only to the extent that the Net Proceeds therefrom have not been applied to repair, restore or replace such property
    or asset within 365 days after such event.

   

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

   

  “Attributable Debt”
    means, on any date, in respect of any lease of Holdings or any Subsidiary entered into as part of a sale and leaseback transaction
    subject to Section 6.06, (a) if such lease is a Capital Lease Obligation, the capitalized amount thereof that would appear on a
    balance sheet of such Person prepared as of such date in accordance with GAAP and (b) if such lease is not a Capital Lease Obligation,
    the capitalized amount of the remaining lease payments under such lease that would appear on a balance sheet of such Person prepared
    as of such date in accordance with GAAP if such lease were accounted for as a Capital Lease Obligation.

   

  “Available Amount”
    means, at any time (the “Reference Date”) an amount, which shall not be less than $0, equal to:

   

  (a)          the
    sum of (in each case, without duplication):

   

  (i)           an
    amount equal to the sum of (x) the remaining proceeds of the First Installment Loans (immediately after giving effect to the Closing
    Date and the fees and expenses associated therewith) that are not applied for any purpose, other than to reduce amounts outstanding
    under the ABL Credit Agreement, to fund Permitted Acquisitions pursuant to Section 6.04(k) or as utilizations of the Available
    Amount described in clause (b) below (such proceeds, the “First
      Installment Excess Proceeds”), (y) the proceeds of the Second Installment Loans (immediately after giving effect to
    the Second Installment Date and the fees and expenses associated therewith) that are not applied for any purpose, other than to
    reduce amounts outstanding under the ABL Credit Agreement, to fund Permitted Acquisitions pursuant to Section 6.04(k) or as utilizations
    of the Available Amount described in clause (b) below (such proceeds, the “Second Installment Excess Proceeds”)
    and (z) the amount by which commitments (which commitments, for purposes of this clause (z), shall not exceed the Permitted ABL
    Amount) under an ABL Credit Agreement that refinances the Existing ABL Credit Agreement, less fees and expenses associated with
    such refinancing, exceed $146,408,582.73;

   

  (ii)          the
    cumulative portion of Borrower’s Excess Cash Flow Amount; plus

   

  (iii)         the
    amount of any capital contributions (other than capital contributions constituting Cure Proceeds or any other capital contribution
    which is applied for any other purpose under this Agreement) received in cash or Permitted Investments by the Borrower (or by Holdings
    and contributed to the Borrower) after the Closing Date (net of any costs and expenses paid by Holdings with respect thereto or
    other application of such amounts to increase the amount of any baskets under Article VI or to finance a transaction permitted
    under Article VI) during the Available Amount Reference Period; minus

   

  (b)          the
    sum of (in each case, without duplication):

   

  (i)           the
    aggregate amount of any Restricted Payments made by Holdings pursuant to Section 6.08(a)(iv) after the Closing Date and prior to
    such time; plus

   

  (ii)          the
    aggregate amount of Investments made pursuant to Section 6.04(l) after the Closing Date and prior to such time; plus

   

  (iii)         the
    aggregate amount of Discounted Voluntary Repurchases, based upon the actual amount of cash paid in connection therewith, made pursuant
    to Section 2.15 after the Closing Date and prior to such time.

   

  
  
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  “Available Amount
      Conditions” means (a) immediately before and after giving effect to the applicable Available Amount Transaction, no Event
    of Default shall be continuing or would result therefrom and (b) solely with respect to any Available Amount Transaction made in
    reliance on clause (a)(ii) of the definition of “Available Amount,” after giving effect to such Available Amount Transaction
    (including the incurrence of any Indebtedness in connection therewith), the Pro Forma Leverage Ratio is equal to or less than 1.50:1.00.

   

  “Available Amount
      Reference Period” means, with respect to any Reference Date (as defined in the definition of Available Amount), the period
    commencing immediately after the Closing Date and ending on the Reference Date.

   

  “Available Amount
      Transaction” means, as applicable, an Investment pursuant to Section 6.04(u) or any Restricted Payment pursuant to Section
    6.08(a)(iv), in each case made in reliance on the Available Amount.

   

  “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.

   

  “Bankruptcy Code”
    means title 11 of the United States Code (11 U.S.C. §101 et seq.), as amended from time to time, and any successor
    statute.

   

  “Base Rate Loan”
    means a Loan bearing interest at a rate determined by reference to the Alternate Base Rate.

   

  “Billing and Collection
      Agreement” means the Second Amended and Restated Agreement for AT&T Billing Solution Services, dated as of June 20,
    2017, among YP LLC and Print Media LLC, individually and collectively as the customer, and AT&T Services, Inc., on behalf of
    Pacific Bell Telephone Company d/b/a AT&T California, Nevada Bell Telephone Company d/b/a AT&T Nevada, Illinois Bell Telephone
    Company d/b/a AT&T Illinois, Indiana Bell Telephone Company, Incorporated d/b/a AT&T Indiana, Michigan Bell Telephone Company
    d/b/a AT&T Michigan, The Ohio Bell Telephone Company d/b/a AT&T Ohio, Wisconsin Bell, Inc. d/b/a AT&T Wisconsin, and/or
    BellSouth Telecommunications, Inc. d/b/a AT&T Alabama, AT&T Florida, AT&T Georgia, AT&T Kentucky, AT&T Louisiana,
    AT&T Mississippi, AT&T North Carolina, AT&T South Carolina and AT&T Tennessee.

   

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

   

  “Bona Fide Debt
      Fund” means any debt fund Affiliate or investment vehicle of a Disqualified Institution that is primarily engaged in,
    or advises funds or other investment vehicles that are engaged in, making, purchasing, holding or otherwise investing in loans,
    commitments and similar extensions of credit in the ordinary course of business.

   

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

   

  “Borrower’s
      Excess Cash Flow Amount” means for any full fiscal quarter ending after the Closing Date, starting with the fiscal quarter
    commencing on January 1, 2019, an amount determined following the end of such fiscal quarter of Holdings (and certified by a Financial
    Officer of Holdings pursuant to Section 5.01(c)(xi)), equal to Excess Cash Flow that is not required to prepay the Loans pursuant
    to Section 2.06(c) (but without giving effect to any dollar-for-dollar reductions in respect of voluntary prepayments as therein
    provided).

   

  
  
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  “Borrowing”
    means Loans of the same Type, made or continued on the same date and, in the case of Eurodollar Loans, as to which a single Interest
    Period is in effect.

   

  “Borrowing Notice”
    means a notice substantially in the form of Exhibit E.

   

  “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 Eurodollar Loan, the term “Business Day”
    shall also exclude any day on which banks are not open for dealings in dollar deposits in the London interbank market.

   

  “Capital Expenditures”
    means, for any period, without duplication, the additions to property, plant and equipment and other capital expenditures of Holdings
    and its consolidated Subsidiaries for such period, determined in accordance with GAAP.

   

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

   

  “CFC”
    means a direct or indirect Subsidiary of Holdings that is a “controlled foreign corporation” within the meaning of
    Section 957 of the Code.

   

  “CFC Holding Company”
    means a direct or indirect Domestic Subsidiary of Holdings substantially all of the assets of which consist (directly or indirectly)
    of capital stock, stock equivalents and/or Indebtedness of one or more Foreign Subsidiaries that are CFCs.

   

  “Change in Control”
    means the ownership, beneficially or of record, by any “person” or “group” (as such terms are used in
    Sections 13(d) and 14(d) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”)), other than
    a Permitted Holder or Permitted Holders of more than 35% of the outstanding Equity Interests in Holdings entitled to vote for
    election of directors, which person or group owns more of the Equity Interests in Holdings entitled to vote for election of directors
    than the Permitted Holders.

   

  “Change in Control Notice” shall have the meaning given to it in Section 2.06(f).

   

  “Change in Control Offer”
    shall have the meaning given to it in Section 2.06(f).

   

  “Change in Control Payment
      Date” shall have the meaning given to it in Section 2.06(f).

   

  “Change in Law”
    means (a) the adoption of any law, rule or regulation after the date of this Agreement, (b) any change in any law, rule or regulation
    or in the interpretation or application thereof by any Governmental Authority after the date of this Agreement or (c) compliance
    by any Lender (or, for purposes of Section 2.10(b), by any lending office of such Lender or by such Lender’s holding company,
    if any) with any request, guideline or directive (whether or not having the force of law) of any Governmental Authority made or
    issued after the date of this Agreement.

   

  “Charges” has the
    meaning assigned to such term in Section 9.13.

   

  “Closing Date”
    means the date on which the conditions precedent set forth in Section 4.01 shall have been satisfied (or waived), which date is
    December 31, 2018.

   

  “Closing Date Certificate”
    means a Closing Date Certificate substantially in the form of Exhibit G.

   

  
  
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            5 -	 

  

  
     

  

  
    

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

   

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

   

  “Collateral and Guarantee
      Requirement” means the requirement that:

   

  (a)          the
    Administrative Agent shall have received from each Loan Party either (i) a counterpart of the Guarantee and Collateral Agreement
    duly executed and delivered on behalf of such Loan Party or (ii) in the case of any Subsidiary that becomes a Loan Party after
    the Closing Date, (x) a supplement to the Guarantee and Collateral Agreement, in the form specified therein, duly executed and
    delivered on behalf of such Subsidiary, (y) a perfection certificate in respect of such Subsidiary substantially in the form executed
    on the Closing Date and (z) a customary secretary’s certificate in respect of such Subsidiary, in form and substance similar
    to the certificate delivered pursuant to Section 4.02(b) attaching (1) a copy of the charter, articles or certificate of organization,
    incorporation or formation (as applicable) of such Subsidiary certified as of a recent date (or such other date acceptable to the
    Required Lenders) by the relevant authority of the jurisdiction of organization, incorporation or formation (as applicable) of
    such Subsidiary, (2) a copy of the operating agreement, bylaws or similar governing documentation for such Loan Party, together
    with all applicable amendments and modifications thereto, certified by an authorized officer of such Loan Party as being in full
    force and effect as at such date, without any modification or amendment except as set forth therein, (3) a copy of resolutions
    adopted by the Governing Board of such Subsidiary authorizing the execution, delivery and performance in accordance with their
    respective terms of the Loan Documents to which such Subsidiary will become a party and any other documents required or contemplated
    under the Loan Documents, (4) signature and incumbency certificates of the officers of such Subsidiary authorized to execute such
    Loan Documents and other documents, (5) a good standing certificate for such Subsidiary from its jurisdiction of organization,
    incorporation or formation, each dated a recent date prior to the date such Subsidiary becomes a Loan Party and (6) such other
    documents as Administrative Agent may reasonably request at the written direction of any Lender;

   

  (b)          all
    outstanding Equity Interests of each Subsidiary of Borrower shall have been pledged pursuant to the Guarantee and Collateral Agreement
    (except that the Borrower and each other Loan Party shall not be required to pledge more than 65% of the outstanding voting Equity
    Interests of any first-tier CFC or CFC Holding Company or any Equity Interests of any subsidiary of a CFC or a CFC Holding Company
    if it reasonably determines that this is reasonably likely to result in material adverse U.S. federal income tax consequences to
    Holdings, Borrower or any of their U.S. Subsidiaries ) and the Administrative Agent shall have received all certificates or other
    instruments representing such Equity Interests, together with stock powers or other instruments of transfer with respect thereto
    endorsed in blank;

   

  (c)          all
    documents and instruments, including Uniform Commercial Code financing statements, required by law or reasonably requested by the
    Agent or Required Lenders to be filed, registered or recorded to create the Liens intended to be created by the Security Documents
    and perfect such Liens to the extent required by, and with the priority required by, the Guarantee and Collateral Agreement, shall
    have been filed, registered or recorded or delivered to the Agent for filing, registration or recording;

   

  (d)          the
    Administrative Agent shall have received (i) counterparts of any Mortgage required to be entered into after the Closing Date pursuant
    to Sections 5.12 or 5.14 with respect to each Mortgaged Property duly executed and delivered by the record owner of such Mortgaged
    Property, (ii) a policy or policies of title insurance issued by a nationally recognized title insurance company insuring the Lien
    of each such Mortgage as a valid first Lien on the Mortgaged Property described therein, free of any other Liens except as expressly
    permitted by Section 6.02, together with such endorsements, coinsurance and reinsurance as the Required Lenders and the Administrative
    Agent may reasonably request, (iii) such surveys, abstracts, appraisals, legal opinions and other documents as the Required Lenders
    and the Administrative Agent may reasonably request with respect to any such Mortgage or Mortgaged Property and (iv) flood certificates
    covering each Mortgaged Property in form and substance reasonably acceptable to the Required Lenders and the Administrative Agent,
    certified to the Administrative Agent in its capacity as such and certifying whether or not each such Mortgaged Property is located
    in a flood hazard zone by reference to the applicable FEMA map; and

   

  
  
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            6 -	 

  

  
     

  

  
    

  (e)          each
    Loan Party shall have obtained all consents and approvals required to be obtained by it in connection with the execution and delivery
    of all Security Documents (or supplements thereto) to which it is a party, the performance of its obligations thereunder and the
    granting by it of the Liens thereunder.

   

  “Commitments”
    means the First Installment Commitments and the Second Installment Commitments.

   

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

   

  “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, (ii) consolidated income
    tax expense for such period, (iii) all amounts attributable to depreciation and amortization for such period, (iv) (x) any non-recurring
    extraordinary charges for such period (provided that (I) the aggregate amount of Net Extraordinary Charges added back to Consolidated
    EBITDA pursuant to this clause (a)(iv)(x), plus (II) the aggregate amount added back to Consolidated EBITDA pursuant to clause
    (a)(v) below plus (III) the aggregate amount added back to Consolidated EBITDA pursuant to the third-to-last sentence below
    shall not exceed 12.5% of Consolidated EBITDA for such period) and (y) any non-cash charges for such period (including in respect
    of equity compensation of employees), (v) non-recurring business optimization expenses and other restructuring charges, including
    expenses incurred in connection with inventory optimization programs, office or facility closure, relocation, headcount savings,
    product margin and integration savings, office or facility consolidations and openings, retention, severance, systems establishment
    costs, contract termination costs and reconstruction, decommissioning, recommissioning or reconfiguration of fixed assets for
    alternative uses (provided that (I) the aggregate amount added back to Consolidated EBITDA pursuant to this clause (a)(v), plus
    (II) the aggregate amount of Net Extraordinary Charges added back to Consolidated EBITDA pursuant to clause (a)(iv)(x) above,
    plus (III) the aggregate amount added back to Consolidated EBITDA pursuant to the third-to-last sentence below shall not
    exceed 12.5% of Consolidated EBITDA for such period), (vi) payments of customary investment and commercial banking fees and expenses
    in connection with transactions permitted by this Agreement, (vii) cash premiums, penalties or other payments payable in connection
    with the early extinguishment or repurchase of Indebtedness, and (viii) Specified Charges for such period, and minus (b)
    without duplication and to the extent included in determining such Consolidated Net Income, (i) consolidated interest income for
    such period, (ii) any extraordinary gains and non-cash gains (including, without limitation, any gain arising from the retirement
    of Indebtedness) for such period, all determined on a consolidated basis in accordance with GAAP and (iii) cash rental and other
    cash payments made for such period pursuant to the Tucker Lease. For purposes of calculating the Leverage Ratio as of any date,
    if the Borrower or any consolidated Subsidiary has (i) made any Permitted Acquisition, (ii) consummated any sale, transfer, lease,
    license, sublicense or other disposition outside of the ordinary course of business of a Subsidiary or of assets constituting
    a business unit, in each case as permitted by Section 6.05, or (iii) effected or commenced any restructuring of the business of
    Holdings or any of its Subsidiaries that is expected to have a continuing impact that is factually supportable, including cost
    savings resulting from head count reduction, closure of facilities and similar operational and other cost savings, which adjustments
    Holdings determines are reasonable and are reasonably expected to be realized within 12 months thereof as set forth in a certificate
    of a Financial Officer of Holdings, in each case during the period of four consecutive fiscal quarters (a “Reference
      Period”) most recently ended on or prior to such date (or since the end of the Reference Period and prior to the date
    of determination), Consolidated EBITDA for such Reference Period shall be calculated after giving pro forma effect thereto,
    as if such transaction (and any related incurrence, repayment or assumption of Indebtedness with any new Indebtedness being deemed
    to be amortized over the applicable testing period in accordance with its terms) had occurred on the first day of such Reference
    Period; provided that (I) the adjustments made to Consolidated EBITDA pursuant to this sentence plus (II) the aggregate
    amount of Net Extraordinary Charges added back to Consolidated EBITDA pursuant to clause (a)(iv)(x) above, plus (III) the
    aggregate amount added back to Consolidated EBITDA pursuant to clause (a)(v) above shall not exceed 12.5% of Consolidated EBITDA
    for any period and shall be without duplication of any other increase to Consolidated EBITDA pursuant to any other the provisions
    of the definition thereof. The calculation of Consolidated EBITDA shall exclude any non-cash impact attributable to the reduction
    in deferred revenue or reduction in deferred costs to balance sheet accounts as a result of the fair value exercise undertaken
    as required by purchase method of accounting for the transactions contemplated by any acquisition, in accordance with GAAP. Notwithstanding
    anything to the contrary contained in this definition, for the purpose of determining Consolidated EBITDA under this Agreement
    for any period that includes the fiscal quarters ending March 31, 2018, June 30, 2018 or September 30, 2018, Consolidated EBITDA
    for such fiscal quarters shall be the respective amounts set forth in the row titled “Consolidated EBITDA” under the
    heading “Q1’18”, “Q2’18” and “Q3’18”, respectively, in Annex I attached
    hereto (“Deemed EBITDA”); provided that any adjustments set forth in the definition of Consolidated
    EBITDA, and “Consolidated Net Income” in respect of any period during which Deemed EBITDA is being used, shall not
    be duplicative of amounts already included in Deemed EBITDA.

   

  
  
    	 	-
            7 -	 

  

  
     

  

  
    

  “Consolidated Net
      Income” means, for any period, the net income or loss, before the effect of the payment of any dividends or other distributions
    in respect of preferred stock, of Holdings and its Subsidiaries for such period determined on a consolidated basis in accordance
    with GAAP and adjusted to eliminate any non-cash impact attributable to the reduction in deferred revenue or reduction in deferred
    costs to balance sheet accounts as a result of the fair value exercise undertaken as required by purchase method of accounting
    for the transactions contemplated by any acquisition, in accordance with GAAP; provided, that there shall be excluded (a)
    the income of any Person (other than the Borrower or a Loan Party) in which any other Person (other than the Borrower or any Loan
    Party or any director holding qualifying shares in compliance with applicable law) owns an Equity Interest, except to the extent
    of the amount of dividends or other distributions actually paid to the Borrower or any Loan Party during such period, and (b) except
    as otherwise contemplated by the definition of “Consolidated EBITDA”, the income or loss of any Person accrued prior
    to the date it becomes a Subsidiary or is merged into or consolidated with Holdings or any Subsidiary or the date that such Person’s
    assets are acquired by Holdings or any Subsidiary. For purposes of this Agreement and the other Loan Documents, Consolidated Net
    Income will be determined consistent with past practice and without giving effect to Accounting Standards Update 2016-2, Revenue
    from Contracts with Customers (Topic 606) or similar revenue recognition policies.

   

  “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.

   

  “Credit Date”
    means the Closing Date and each other date on which a Loan is or was extended under this Agreement.

   

  “Debt Issuance”
    means the incurrence by Holdings or any Subsidiary of any Indebtedness, other than Indebtedness permitted by Section 6.01(a).

   

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

   

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

   

  “Default Rate Interest”
    has the meaning assigned to such term in Section 2.08(b).

   

  “Defaulting Lender”
    means any Lender that has (a) notified the Borrower, the Administrative Agent or any other Lender in writing that it does not
    intend to comply with any of its funding obligations under this Agreement or has made a public statement to the effect that it
    does not intend to comply with its funding obligations under this Agreement or under agreements in which it commits to extend
    credit generally, (b) otherwise failed to pay over to the Administrative Agent or any other Lender any other amount required to
    be paid by it hereunder within three Business Days of the date when due, unless the subject of a good faith dispute, (c) (i) been
    (or has a parent company that has been) adjudicated as, or determined by any Governmental Authority having regulatory authority
    over such Person or its assets to be, insolvent or (ii) become the subject of a bankruptcy or insolvency proceeding, or has had
    a receiver, conservator, trustee, administrator, assignee for the benefit of creditors or similar Person charged with reorganization
    or liquidation of its business or custodian, appointed for it, or has taken any action in furtherance of, or indicating its consent
    to, approval of or acquiescence in any such proceeding or appointment or has a parent company that has become the subject of a
    bankruptcy or insolvency proceeding, or has had a receiver, conservator, trustee, administrator, assignee for the benefit of creditors
    or similar Person charged with reorganization or liquidation of its business or custodian appointed for it, or has taken any action
    in furtherance of, or indicating its consent to, approval of or acquiescence in any such proceeding or appointment, unless in
    the case of any Lender referred to in this clause (c) the Borrower and the Required Lenders shall be satisfied that such Lender
    intends, and has all approvals required to enable it, to continue to perform its obligations as a Lender hereunder, or (d) become
    the subject of a Bail-In Action. For the avoidance of doubt, a Lender shall not be deemed to be a Defaulting Lender solely by
    virtue of the ownership or acquisition of any Equity Interest in such Lender or its parent by a Governmental Authority.

   

  
  
    	 	-
            8 -	 

  

  
     

  

  
    

  “Discounted Voluntary Repurchase”
    has the meaning assigned to such term in Section 2.15(a).

   

  “Discounted Voluntary
      Repurchase Amount” has the meaning assigned to such term in Section 2.15(c).

   

  “Discounted Voluntary
      Repurchase Notice” has the meaning assigned to such term in Section 2.15(c).

   

  “Disinterested
      Member” means a member of the Borrower’s Governing Board who does not have a financial interest in a relevant transaction
    or arrangement (or series of related transactions or arrangements), excluding, in all cases, a financial interest in such transaction
    or arrangement (or series of transactions or arrangements) solely as an equity holder or member of the Governing Board of the Borrower
    and/or its Subsidiaries.

   

  “Disqualified Institution”
    means (i)(x) those banks, financial institutions and other Persons identified by the Borrower to the Administrative Agent by name
    in writing prior to the Closing Date and (y) Persons that are direct competitors of the Borrower or any of its Subsidiaries identified
    by the Borrower to the Administrative Agent by name in writing at any time and from time to time prior to, on or after the Closing
    Date or (ii) any Affiliate of such Persons, other than Bona Fide Debt Funds (provided that the Administrative Agent shall have
    no obligation to carry out due diligence in order to identify such Affiliates but shall act in good faith).

   

  “Dutch Auction”
    has the meaning assigned to such term in Section 2.15(a).

   

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

   

  “EEA Financial
      Institution” means (a) any institution 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 institution established in an EEA Member Country which is a subsidiary of an institution
    described in clauses (a) or (b) of this definition and is subject to consolidated supervision with its parent;

   

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

   

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

   

  “Election Notice”
    means a written notice from the Borrower to the Administrative Agent in the form of Exhibit C hereto.

   

  “Environmental
      Laws” means all applicable federal, state, and local laws (including common law), regulations, rules, ordinances,
    codes, decrees, judgments, directives, orders (including consent orders), and binding agreements with any Governmental
    Authority in each case, relating to protection of the environment, natural resources, human health and safety or the
    presence, Release of, or exposure to, Hazardous Materials, or the generation, manufacture, processing, distribution, use,
    treatment, storage, transport, recycling or handling of, or the arrangement for such activities with respect to, Hazardous
    Materials.

    

  
  
    	 	-
            9 -	 

  

  
     

  

  
    

  “Environmental
      Liability” means any liability, claim, action, suit, judgment or order under or relating to any Environmental Law for
    any damages, injunctive relief, losses, fines, penalties, fees, expenses (including reasonable fees and expenses of attorneys and
    consultants) or costs, whether contingent or otherwise, including those arising from or relating to: (a) compliance or non-compliance
    with 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 of any Hazardous Materials 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 of whatever nature, and any warrants, options or other rights entitling
    the holder thereof to purchase or acquire any of the foregoing.

   

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

   

  “ERISA Affiliate”
    means any trade or business (whether or not incorporated) that, together with any Loan Party, 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(m) 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 standards (within the meaning of Sections 412 and 430 of the Code or Section 302 of ERISA) applicable to such Plan, 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, the failure to make by its due date a required installment under Section
    430(j) of the Code with respect to any Plan or the failure by any Loan Party or any of its ERISA Affiliates to make any required
    contribution to a Multiemployer Plan; (d) the incurrence by any Loan Party or any of its ERISA Affiliates of any liability under
    Title IV of ERISA with respect to the termination of any Plan, including but not limited to the imposition of any Lien in favor
    of the PBGC or any Plan; (e) a determination that any Plan is, or is expected to be, in “at risk” status (within the
    meaning of Section 430 of the Code or Section 303 of ERISA; (f) the receipt by any Loan Party or any of its ERISA Affiliates 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 under Section 4042 of ERISA; (g) the incurrence by any Loan Party or any of its ERISA Affiliates of any
    liability with respect to the withdrawal or partial withdrawal from any Plan or Multiemployer Plan; or (h) the receipt by any
    Loan Party or any of its ERISA Affiliates of any notice, or the receipt by any Multiemployer Plan from a Loan Party or any of
    its ERISA Affiliates of any notice, concerning the imposition of Withdrawal Liability or a determination that a Multiemployer
    Plan is, or is expected to be, insolvent or in endangered or critical status, within the meaning of Section 432 of the Code or
    Section 305 or Title IV of ERISA.

   

  “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.

   

  “Eurodollar”,
    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 Adjusted LIBO Rate.

   

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

   

  
  
    	 	-
            10 -	 

  

  
     

  

  
    

  “Excess Cash Flow”
    means, for any full fiscal quarter ending after the Closing Date, starting with the fiscal quarter commencing on January 1, 2019,
    without duplication, (i) net cash provided by operating activities of Holdings and its Subsidiaries for such quarterly period as
    reflected in the statement of cash flows on the consolidated financial statements of Holdings for such fiscal quarter, minus
    (ii) the amount of Capital Expenditures made during such period using Internally Generated Cash, minus (iii) net cash provided
    by operating activities, if any, required so that the Loan Parties would have held cash and Permitted Investments equal to the
    Minimum Liquidity Amount as of the last day of such fiscal quarter.

   

  “Exchange Act”
    has the meaning assigned to such term in the definition of “Change in Control”.

   

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

   

  “Excluded Taxes”
    means, any of the following Taxes imposed on or with respect to the Administrative Agent, any Lender or any other recipient or
    required to be withheld or deducted from a payment to the Administrative Agent, any Lender or any other recipient, (a) any Taxes
    imposed on or measured by net income (however denominated), franchise Taxes, and branch profits Taxes, in each case (i) imposed
    as a result of the Administrative Agent, any Lender or any other recipient being organized under the laws of, or having its principal
    office located in or, in the case of any Lender, its applicable lending office located in, the jurisdiction imposing such Tax (or
    any political subdivision thereof) or (ii) that are Other Connection Taxes, (b) in the case of a Lender (other than an assignee
    pursuant to a request by the Borrower under Section 2.14(b)), any U.S. withholding Tax that is in effect and would apply to amounts
    payable to such Lender at the time such Lender becomes a party to this Agreement (or designates a new lending office), except to
    the extent that such Lender (or its assignor, if any) was entitled, at the time of designation of a new lending office (or assignment),
    to receive additional amounts from the Borrower with respect to any withholding Tax pursuant to Section 2.12, (c) Taxes attributable
    to such Lender’s failure (other than as a result of any Change in Law) to comply with Section 2.12(e) and (d) any U.S. federal
    withholding Taxes imposed under FATCA.

   

  “Existing Credit Agreement”
    has the meaning assigned thereto in the recitals.

   

  “Existing Indebtedness”
    means all Indebtedness of Holdings or the Borrower existing on the Closing Date immediately prior to the Transactions other than
    the Indebtedness specified on Schedule 6.1.

   

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

   

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

   

  
  
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  “Financial Officer”
    means, with respect to any Person, the chief financial officer, principal accounting officer, treasurer, controller, president
    or vice president of finance of such Person, or any other officer having substantially similar duties as any of the foregoing.

   

  “First Installment
      Commitment” means the commitment of a Lender to make or otherwise fund a First Installment Loan and “First
      Installment Commitments” means such commitments of all Lenders in the aggregate. The amount of each Lender’s First
    Installment Commitment is set forth on Schedule 2.01. The aggregate amount of First Installment Commitments as of the Closing
    Date is $400,000,000.

   

  “First Lien Leverage
      Ratio” means, as of any date of determination, the ratio of (a) First Lien Secured Debt on such date to (b) Consolidated
    EBITDA for the period of four consecutive fiscal quarters of Holdings most recently ended as of such date for which internal financial
    statements of Holdings are available.

   

  “First Lien Secured
      Debt” means, as to any Person at any date of determination, the aggregate principal amount of Total Indebtedness outstanding
    on such date that is secured by a First Priority Lien on any assets or property of the Borrower and its Subsidiaries.

   

  “First Priority”
    means, with respect to any Lien purported to be created in any Collateral pursuant to any Security Document, that such Lien is
    senior in priority to any other Lien to which such Collateral is subject, other than Permitted Liens applicable to such Collateral
    which as a matter of law have priority over the respective Liens on such Collateral created pursuant to the relevant Security Document.

   

  “Foreign Lender”
    means any Lender that is not a U.S. Person.

   

  “Foreign Subsidiary”
    means (i) a Subsidiary organized under the laws of a jurisdiction located outside the United States of America or (ii) a Subsidiary
    of any Person described in the foregoing clause (i).

   

  “GAAP” means generally
    accepted accounting principles in the United States of America.

   

  “Governing Board”
    means (a) the managing member or members or any controlling committee of members of any Person, if such Person is a limited liability
    company, (b) the board of directors of any Person, if such Person is a corporation or (c) any similar governing body of any Person.

   

  “Governmental Authority”
    means the government of the United States of America, any other nation or any political subdivision thereof, whether state or local,
    and any agency, authority, instrumentality, regulatory body, court, central bank or other entity exercising executive, legislative,
    judicial, taxing, regulatory or administrative powers or functions of or pertaining to government.

   

  “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 other obligation; provided, that the term Guarantee shall not
    include endorsements for collection or deposit in the ordinary course of business.

   

  “Guarantee and
      Collateral Agreement” means the Guarantee and Collateral Agreement dated as of the Closing Date (as further amended,
    restated, supplemented or otherwise modified from time to time), by and among each Loan Party and the Administrative Agent, substantially
    in the form of Exhibit B hereto.

   

  
  
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            12 -	 

  

  
     

  

  
    

  “Guarantors”
    means, collectively, (a) Holdings and (b) each direct and indirect domestic subsidiary of the Borrower (other than any CFC Holding
    Company or Foreign Subsidiary) now existing or hereafter formed or acquired and each other Person party to the Guarantee and Collateral
    Agreement as a guarantor thereunder and each other Person, if any, that executes a guaranty or other similar agreement in favor
    of the Administrative Agent in connection with the transactions contemplated by this Agreement and the other Loan Documents.

   

  “Hazardous Materials”
    means (a) any petroleum products or byproducts and all other hydrocarbons, coal ash, radon gas, asbestos, urea formaldehyde foam
    insulation, polychlorinated biphenyls, chlorofluorocarbons and all other ozone-depleting substances; or (b) any chemical, material,
    substance or waste that is prohibited, limited or regulated by or pursuant to any applicable Environmental Law.

   

  “Historical Financial
      Statements” means as of the Closing Date, (i) the 2017 Annual Report delivered to the Administrative Agent prior to the
    Closing Date, and (ii) the unaudited financial statements of Holdings and its Subsidiaries as of the most recent fiscal quarter
    ended after the date of the 2017 Annual Report referred to in clause (i) above, consisting of a balance sheet and the related consolidated
    statements of income, stockholders’ equity and cash flows for the three, six or nine month period, as applicable, ending
    on such date, and, in the case of clauses (i) and (ii), certified by a Financial Officer of Holdings that they fairly present,
    in all material respects, the financial condition of Holdings and its Subsidiaries as at the dates indicated and the results of
    their operations and their cash flows for the periods indicated, subject to changes resulting from audit and normal year-end adjustments.

   

  “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 under conditional sale agreements relating to property acquired by such Person, (d) all obligations
    of such Person in respect of the deferred purchase price of property or services (excluding current accounts payable incurred in
    the ordinary course of business), (e) all Indebtedness of others secured by (or for which the holder of such Indebtedness has an
    existing right, contingent or otherwise, to be secured by) any Lien on property owned or acquired by such Person, whether or not
    the Indebtedness secured thereby has been assumed, (f) all Guarantees by such Person of Indebtedness of others, (g) all Capital
    Lease Obligations of such Person, (h) all obligations, contingent or otherwise, of such Person as an account party in respect of
    letters of credit and letters of guaranty and (i) all obligations, contingent or otherwise, of such Person in respect of bankers’
    acceptances. The Indebtedness of any Person shall include the Indebtedness of any other entity (including any partnership in which
    such Person is a general partner) to the extent such Person is liable therefor as a result of such Person’s ownership interest
    in or other relationship with such entity, except to the extent the terms of such Indebtedness provide that such Person is not
    liable therefor. Notwithstanding anything to the contrary, in no event shall the obligations (including rental payments) under
    the Tucker Lease be deemed to be Indebtedness.

   

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

   

  “Indemnitee” has
    the meaning assigned to such term in Section 9.03(b).

   

  “Information” has
    the meaning assigned to such term in Section 9.12.

   

  “Intellectual Property”
    means the collective reference to all rights, priorities and privileges relating to intellectual property, whether arising under
    United States, multinational or foreign laws or otherwise, including copyrights, copyright licenses, patents, patent licenses,
    Marks, Mark licenses, technology, know-how and processes, and all rights to sue at law or in equity for any infringement or other
    impairment thereof, including the right to receive all proceeds and damages therefrom.

   

  
  
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            13 -	 

  

  
     

  

  
    

  “Intercreditor
      Agreement” means that certain Amended and Restated Intercreditor Agreement dated as of June 30, 2017 (as amended, supplemented,
    restated or otherwise modified from time to time) between the Administrative Agent and the ABL Facility Agent.

   

  “Interest Election
      Request” means a request by the Borrower to continue a Borrowing in accordance with Section 2.03.

   

  “Interest Payment
      Date” means (a) with respect to any Eurodollar Loan, the last day of the Interest Period applicable to the Borrowing
    of which such Loan is a part and, in the case of a Eurodollar 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 and (b) with respect to any ABR Loan, the last day of each March, June, September and December.

   

  “Interest Period”
    means, with respect to any Eurodollar Borrowing, 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 thereafter, as the Borrower may elect; provided,
    that (a) all Eurodollar Borrowings shall have the same Interest Period, (b) 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
    (c) 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.

   

  “Internally Generated
      Cash” means, with respect to any period, any cash of Holdings or any Subsidiary generated during such period, excluding
    the proceeds of any Asset Disposition or casualty event and any cash that is generated from an incurrence of Indebtedness, an issuance
    of Equity Interests or a capital contribution.

   

  “Investment”
    means purchasing, holding or acquiring (including pursuant to any merger with any Person that was not a wholly owned Subsidiary
    prior to such merger) any Equity Interest, evidences of indebtedness or other securities (including any option, warrant or other
    right to acquire any of the foregoing) of, or making or permitting to exist any loans or advances (other than commercially reasonable
    extensions of trade credit) to, guaranteeing any obligations of, or making or permitting to exist any investment in, any other
    Person, or purchasing or otherwise acquiring (in one transaction or a series of transactions) any assets of any Person constituting
    a business unit. The amount, as of any date of determination, of any Investment shall be the original cost of such Investment (including
    any Indebtedness of a Person existing at the time such Person becomes a Subsidiary in connection with any Investment and any Indebtedness
    assumed in connection with any acquisition of assets), plus the cost of all additions, as of such date, thereto and minus the amount,
    as of such date, of any portion of such Investment repaid to the investor in cash (but not greater than the amount originally invested)
    as a repayment of principal or a return of capital (including pursuant to any sale or disposition of such Investment), as the case
    may be, but without any other adjustments for increases or decreases in value, or write-ups, write-downs or write-offs with respect
    to such Investment. In determining the amount of any Investment involving a transfer of any property other than cash, such property
    shall be valued at its fair market value at the time of such transfer.

   

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

   

  “Leverage Ratio”
    means, on 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 Holdings most recently ended as of such date for which internal financial statements of Holdings are available.

   

  
  
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            14 -	 

  

  
     

  

  
    

  “LIBO Rate”
    means, with respect to any Eurodollar Borrowing for any Interest Period, the greater of (a) the rate per annum determined on the
    basis of the rate for deposits in Dollars for a period equal to such Interest Period commencing on the first day of such Interest
    Period appearing on Reuters Screen LIBOR 01 Page as of 11:00 A.M., London time, two Business Days prior to the beginning of such
    Interest Period (or in the event that such rate does not appear on Reuters Screen LIBOR 01 Page (or otherwise on such screen),
    the “LIBO Rate” shall be determined by reference to such other comparable publicly available service for displaying
    eurodollar rates as may be selected by the Administrative Agent or, in the absence of such availability, by reference to the rate
    at which the major banks are offered Dollar deposits at or about 10:00 A.M., New York City time, two Business Days prior to the
    beginning of such Interest Period in the interbank eurodollar market where its eurodollar and foreign currency and exchange operations
    are then being conducted for delivery on the first day of such Interest Period for the number of days comprised therein and (b)
    1.00%.

   

  “Lien”
    means (i) any lien, mortgage, pledge, assignment, security interest, charge or encumbrance of any kind (including any agreement
    to give any of the foregoing, any conditional sale or other title retention agreement, and any lease or license in the nature thereof)
    and any option, trust or other preferential arrangement having the practical effect of any of the foregoing and (ii) in the case
    of securities, any purchase option, call or similar right of a third party with respect to such securities.

   

  “Loans” has the
    meaning assigned to such term in Section 2.01(a).

   

  “Loan Documents”
    means this Agreement, the Intercreditor Agreement, the Security Documents, and all other certificates, documents, instruments or
    agreements executed and delivered by a Loan Party in connection with, or related to, any of the foregoing.

   

  “Loan Parties”
    means the Borrower and the Guarantors.

   

  “Margin Stock”
    shall have the meaning assigned to such term in Regulation U of the Board.

   

  “Marks”
    means all current and future (i) trademarks, service marks, trade styles, and logos (including all registrations and recordings
    thereof and all applications in connection therewith, whether in the United States Patent and Trademark Office or in any similar
    office or agency of the United States, any state thereof or any other country or any political subdivision thereof, or otherwise)
    and (ii) trademark rights in any trade names, corporate names, company names, business names, fictitious business names, other
    source or business identifiers Internet domain names, subdomain names and social media account or page addresses (but excluding
    all other rights in the foregoing items in this subsection (ii), including any rights in any registrations or recordings for the
    foregoing items), and in each case of subsections (i) and (ii), all goodwill associated therewith and all commonlaw rights related
    thereto.

   

  “Material Adverse
      Effect” means a material adverse effect on (a) the business, assets, property, material agreements, liabilities, financial
    condition or results of operations of Holdings and its Subsidiaries, taken as a whole, (b) the ability of the Loan Parties, taken
    as a whole, to fully and timely perform their Obligations or (c) the validity or enforceability of this Agreement or any of the
    other Loan Documents or the rights and remedies of the Agent or the Lenders under any of the Loan Documents.

   

  “Material Indebtedness”
    means Indebtedness (other than the Loans but including, for the avoidance of doubt, Guarantees) of any one or more of Holdings
    and its Subsidiaries, in an aggregate principal amount exceeding $20,000,000. For purposes of determining Material Indebtedness,
    the “principal amount” of the obligations of Holdings or any of its Subsidiaries in respect of any Swap Agreement at
    any time shall be the maximum aggregate amount (giving effect to any netting agreements) that Holdings or such Subsidiary would
    be required to pay if such Swap Agreement were terminated at such time.

   

  “Maturity Date”
    means December 31, 2023, or, if such day is not a Business Day, the next preceding Business Day.

   

  “Maximum Rate”
    has the meaning assigned to such term in Section 9.13.

   

  
  
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            15 -	 

  

  
     

  

  
    

  “Minimum Liquidity
      Amount” means (i) $30,000,000 in the sum of (x) cash and Permitted Investments that does not appear (or is not required
    to appear) as “restricted” on a consolidated balance sheet or such lesser amount of cash and Permitted Investments
    that does not appear (or is not required to appear) as “restricted” on a consolidated balance sheet, in each case,
    as the Governing Board of the Borrower shall reasonably determine, plus (y) the aggregate unused amount of the commitments as of
    any date of determination under the ABL Credit Agreement (or such lesser amount that is available as of such date under any borrowing
    base with respect to the ABL Credit Agreement, if applicable) plus (ii) additional amounts reasonably necessary for subclause (i)
    to at all times equal at least $30,000,000 after giving effect to anticipated reductions in the amount of commitments or the borrowing
    base, as applicable, under the ABL Credit Agreement over the next 90 days.

   

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

   

  “Mortgage”
    means any mortgage, deed of trust, assignment of leases and rents, leasehold mortgage or other security document granting a Lien
    on any real property and improvements thereto to secure the Obligations. Each Mortgage shall be reasonably satisfactory in form
    and substance to the Required Lenders.

   

  “Mortgaged Property”
    means each parcel of real property and improvements thereto listed on Schedule 1.01 and each other parcel of real property and
    improvements thereto owned in fee by a Loan Party with respect to which a Mortgage is granted pursuant to Sections 5.12 or 5.14.

   

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

   

  “Net Extraordinary
      Charges” means, for any determination period, an amount (which shall not be less than zero) equal to (x) the amount of
    non-recurring extraordinary charges for such period, minus (y) the amount of any extraordinary gains deducted from Consolidated
    EBITDA for such period pursuant to clause (b)(ii) of the definition thereof.

   

  “Net Proceeds”
    means, with respect to any event (a) the cash proceeds received in respect of such event including (i) any cash received in respect
    of any non-cash proceeds, including cash received in respect of any debt instrument or equity security received as non-cash proceeds,
    but only as and when received, (ii) in the case of a casualty, insurance proceeds, and (iii) in the case of a condemnation or
    similar event, condemnation awards and similar payments, net of (b) the sum of (i) all reasonable fees and out-of-pocket expenses
    (including underwriting discounts and commissions and collection expenses) paid or payable by the Loan Parties or any Subsidiary
    thereof to third parties in connection with such event, (ii) in the case of a sale, transfer or other disposition of an asset
    (including pursuant to a sale and leaseback transaction or a casualty or a condemnation or similar proceeding), the amount of
    all payments required to be made by the Loan Parties or any Subsidiary thereof as a result of such event to repay Indebtedness
    (other than Loans) secured by such asset or otherwise subject to mandatory prepayment as a result of such event (it being understood
    that this clause shall not apply to customary asset sale provisions in offerings of debt securities) and (iii) the amount of all
    taxes paid (or reasonably estimated to be payable) by the Loan Parties or any Subsidiary thereof (provided that such amounts withheld
    or estimated for the payment of taxes shall, to the extent not utilized for the payment of taxes, be deemed to be Net Proceeds
    received when such nonutilization is determined), and the amount of any reserves established by the Loan Parties or any Subsidiary
    thereof to fund contingent liabilities reasonably estimated to be payable, in each case that are directly attributable to such
    event (provided that such reserves and escrowed amounts shall be disclosed to the Administrative Agent promptly upon being taken
    or made and any reversal of any such reserves will be deemed to be Net Proceeds received at the time and in the amount of such
    reversal), in each case as determined reasonably and in good faith by a Financial Officer of the Borrower.

   

  “Obligations”
    means (a) the prompt payment in full in cash when due (whether at stated maturity, by acceleration or otherwise, including amounts
    that would become due but for the operation of the automatic stay under the Bankruptcy Code) of the principal of and interest on
    the Loans made by the Lenders to the Borrower and all fees, indemnification payments, premium and other amounts whatsoever, whether
    direct or indirect, absolute or contingent, now or hereafter from time to time owing or existing to the Lenders or the Administrative
    Agent by the Borrower under this Agreement and by any Loan Party under any of the Loan Documents, in each such case, strictly in
    accordance with the terms thereof and including all interest, fees, premium and expenses accrued or incurred subsequent to the
    commencement of any bankruptcy or insolvency proceeding with respect to the Borrower or any Loan Party, whether or not such interest,
    fees, premium or expenses are enforceable or allowed as a claim in such proceeding and (b) any other obligations, covenants and
    duties of the Loan Parties arising under or in connection with any of the Loan Documents. Notwithstanding anything herein or in
    any other Loan Document to the contrary, the Obligations shall not include any Excluded Swap Obligations.

   

  
  
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            16 -	 

  

  
     

  

  
    

  “Open Market Purchases”
    has the meaning assigned to such term in Section 2.15(a).

   

  “Optional Repurchase”
    means, with respect to any outstanding Indebtedness, any optional or voluntary repurchase, redemption or prepayment made in cash
    of such Indebtedness, the related payment in cash of accrued interest to the date of such repurchase, redemption or prepayment
    on the principal amount of such Indebtedness repurchased, redeemed or prepaid, the payment in cash of associated premiums (whether
    voluntary or mandatory) on such principal amount and the cash payment of other fees and expenses incurred in connection with such
    repurchase, redemption or prepayment.

   

  “Other Connection
      Taxes” means, with respect to the Administrative Agent, any Lender or any other recipient, Taxes imposed as a result
    of a present or former connection between such party and the jurisdiction imposing such Tax (other than connections arising from
    the 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, court, documentary, intangible, excise, transfer, sales, property or similar
    Taxes, charges or levies arising from any payment made under any Loan Document or from the execution, delivery or enforcement of,
    or otherwise with respect to, any Loan Document, except any such Taxes that are Other Connection Taxes imposed with respect to
    an assignment (other than an assignment made pursuant to Section 2.14).

   

  “Paid in Full”
    or “Payment in Full” means:

   

  (a)          payment
    in full in cash of the principal of, premium (including the Prepayment Premium) and interest (including premium and interest accruing
    on or after the commencement of any bankruptcy proceeding, whether or not such interest would be allowed in such bankruptcy proceeding)
    constituting the Obligations;

   

  (b)          payment
    in full in cash of all other amounts that are due and payable or otherwise accrued and owing under any Loan Document (other than
    any contingent indemnification obligations for which no claim or demand for payment, whether oral or written, has been made at
    such time (such indemnification obligations, “Unmatured Surviving Obligations”) with respect to the Obligations;
    and

   

  (c)          termination
    or expiration of all commitments of the holders of the Obligations, to extend credit or make loans or other credit accommodations
    to any of the Loan Parties.

   

  “Participant”
    has the meaning assigned to such term in Section 9.04(c)(i).

   

  “Participant Register” has the meaning
    assigned to such term in Section 9.04(c)(iii).

   

  “Payment Percentage” has the meaning
    assigned to such term in Section 2.15(c).

   

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

   

  “Permitted ABL
      Amount” means, on the Closing Date, the lesser of (i) $175,000,000 and (ii) the Maximum Revolver Amount (as defined in
    the ABL Credit Agreement).

   

  
  
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            17 -	 

  

  
     

  

  
    

  “Permitted Acquiror”
    means any of the Persons identified in writing by the Borrower to the Administrative Agent by name prior to the Closing Date.

   

  “Permitted Acquisitions”
    means any acquisition (by merger, consolidation or otherwise) by the Borrower or a Loan Party of all or substantially all the assets
    of, or all the Equity Interests in, a Person or division or line of business of a Person, if (a) both before and immediately after
    giving effect thereto, no Default or Event of Default has occurred and is continuing or would result therefrom, (b) substantially
    all the business of such acquired Person or business consists of one or more Permitted Businesses, (c) each Subsidiary resulting
    from such acquisition (and which survives such acquisition) other than any CFC or CFC Holding Company, shall be a Loan Party and
    100% of the Equity Interests of each such Subsidiary shall be owned directly by the Borrower and/or Loan Parties and shall have
    been (or within ten Business Days (or such longer period as may be acceptable to the Required Lenders) after such acquisition shall
    be) pledged pursuant to the Guarantee and Collateral Agreement (subject to the limitations of the pledge of Equity Interests of
    CFCs or CFC Holding Companies set forth in the definition of “Collateral and Guarantee Requirement”), (d) the Collateral
    and Guarantee Requirement shall have been (or within ten Business Days (or such longer period as may be acceptable to the Required
    Lenders) after such acquisition shall be) satisfied with respect to each such Subsidiary, (e) the Borrower and the Subsidiaries
    are in Pro Forma Compliance after giving effect to such acquisition and (f) the Borrower has delivered to the Agent an officer’s
    certificate to the effect set forth in clauses (a), (b), (c), (d) and (e) above, together with all relevant financial information
    for the Person or assets acquired and reasonably detailed calculations demonstrating satisfaction of the requirement set forth
    in clause (e) above.

   

  “Permitted Business”
    means the telephone and internet, targeted print, marketing, digital and directory services businesses (including CRM applications),
    business software businesses and newspapers, magazines and other media businesses, and businesses reasonably related, incidental
    or ancillary thereto or any business or activity that is reasonably similar thereto or a reasonable extension, development or expansion
    thereof or ancillary thereto.

   

  “Permitted Encumbrances”
    means:

   

  (a)          Liens
    imposed by law for taxes that are not yet delinquent or are being contested in compliance with Section 5.05;

   

  (b)          carriers’,
    warehousemen’s, mechanics’, materialmen’s, landlord’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 compliance with Section 5.05;

   

  (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 or attachments that do not constitute a Default or an Event of Default under clause (i) of Article
    VII; provided that any such Lien is released within 30 days following the creation thereof;

   

  (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 are not substantial in amount and do not, or could not reasonably be expected to, materially detract from the value
    of the affected property or interfere with the ordinary conduct of business of Holdings or any Subsidiary;

   

  
  
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            18 -	 

  

  
     

  

  
    

  (g)          Liens
    arising solely by virtue of any statutory or common law provisions relating to bankers’ Liens, rights of set-off or similar
    rights and remedies as to deposit accounts or other funds maintained with a creditor depositary institution;

   

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

   

  (i)           the
    licensing or sublicensing (other than exclusive licenses or sublicenses) of Intellectual Property in the ordinary course of business
    in a manner that does not, or could not reasonably be expected to, materially interfere with the business of Holdings and its Subsidiaries;
    and

   

  (j)           any
    provision for the retention of title to any property by the vendor or transferor of such property, which property is acquired by
    Holdings or a Subsidiary of Holdings in a transaction entered into in the ordinary course of business of Holdings or such Subsidiary
    of Holdings and for which kind of transaction it is normal market practice for such retention of title provision to be included;

   

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

   

  “Permitted Holder”
    means (x) the Sponsor, so long as the Sponsor owns, beneficially or of record, at least 20% of the outstanding Equity Interests
    in Holdings entitled to vote for election of directors, (y) any other Person who owns Equity Interests directly or indirectly in
    Holdings as of the Closing Date, and any Affiliate of any such Person and (z) a Permitted Acquiror that acquires Equity Interests
    directly or indirectly in Holdings no later than 180 days after the Closing Date (or, if a binding contractual agreement is entered
    into within such 180-day period to consummate such acquisition within 90 days thereof, no later than 270 days following the Closing
    Date); provided that the minimum enterprise value of Holdings and its Subsidiaries (as reasonably calculated by the Borrower in
    good faith and delivered to the Administrative Agent for delivery to the Lenders) after giving pro forma effect to, and the valuation
    implied by, such acquisition of Equity Interests is equal to or greater than $1,500,000,000.

   

  “Permitted Indebtedness”
    has the meaning assigned to such term in Section 6.01.

   

  “Permitted Investments”
    means:

   

  (a)          direct
    obligations of, or obligations the principal of and interest on which are unconditionally guaranteed by, the United States of America
    (or by any agency thereof to the extent such obligations are backed by the full faith and credit of the United States of America),
    in each case maturing or allowing for liquidation at the original par value at the option of the holder within one year from the
    date of acquisition thereof;

   

  (b)          investments
    in commercial paper (other than commercial paper issued by the Borrower or any of its Affiliates) maturing within 270 days from
    the date of acquisition thereof and having, at such date of acquisition, the highest credit rating obtainable from S&P or from
    Moody’s;

   

  (c)          investments
    in certificates of deposit, banker’s acceptances, time deposits or overnight bank deposits maturing within 180 days from
    the date of acquisition thereof issued or guaranteed by or placed with, and money market deposit accounts issued or offered by,
    any domestic office of any commercial bank organized under the laws of the United States of America or any State thereof which
    has a combined capital and surplus and undivided profits of not less than $500,000,000, and having a debt rating of “A-1”
    or better from S&P or “P-1” or better from Moody’s;

   

  (d)          fully
    collateralized repurchase agreements with a term of not more than 30 days for securities described in clause (a) above and entered
    into with a financial institution satisfying the criteria described in clause (c) above; and

   

  
  
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            19 -	 

  

  
     

  

  
    

  (e)          money
    market funds that (i) comply with the criteria set forth in Securities and Exchange Commission Rule 2a-7 under the Investment Company
    Act of 1940, (ii) are rated AAA by S&P and Aaa by Moody’s and (iii) have portfolio assets of at least $5,000,000,000.

   

  “Permitted Unsecured
      Indebtedness” means unsecured Indebtedness that (i) provides solely for interest to be payable in-kind and not in cash,
    (ii) has a maturity date that is 180 days or more after the scheduled maturity date of the Loans, (iii) has covenants and other
    terms which, taken as a whole, are no more restrictive to Holdings and its Subsidiaries than the terms of this Agreement, taken
    as a whole (provided that such Indebtedness may have covenants and terms that are more restrictive in respect of the incurrence
    of additional unsecured Indebtedness), and (iv) does not require any payments of principal thereof until the Loans have been Paid
    in Full.

   

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

   

  “Plan”
    means any employee pension benefit plan (other than a Multiemployer Plan) subject to the provisions of Title IV of ERISA or Section
    412 of the Code or Section 302 of ERISA, and in respect of which any Loan Party or any ERISA Affiliate is (or, if such plan were
    terminated, would under Section 4062 of ERISA be deemed to be) an “employer” as defined in Section 3(5) of ERISA.

   

  “Prepayment Event” means any (a) Asset
    Disposition or (b) Debt Issuance.

   

  “Prepayment Premium” has the meaning
    assigned to such term in Section 2.06(g).

   

  “Prime Rate”
    means the rate last quoted by The Wall Street Journal as the “Prime Rate” in the United States or, if The Wall Street
    Journal ceases to quote such rate, the highest per annum interest rate published by the FRB in Federal Reserve Statistical Release
    H.15 (519) (Selected Interest Rates) as the “bank prime loan” rate or, if such rate is no longer quoted therein, any
    similar rate quoted therein (as determined by Agent) or any similar release by the FRB (as determined by Agent); each change in
    the Prime Rate shall be effective from and including the date such change is publicly announced as being effective.

   

  “Principal Office”
    means such office as the Administrative Agent may from time to time designate to the Borrower and each Lender as its principal
    office.

   

  “Pro Forma Compliance”
    means, with respect to any event, that Holdings is in pro forma compliance with Section 6.14 recomputed as if the event with respect
    to which Pro Forma Compliance is being tested had occurred on the first day of the four fiscal quarter period most recently ended
    on or prior to such date for which financial statements have been delivered pursuant to Section 5.01.

   

  “Pro Forma Leverage
      Ratio” means, on any date, the Leverage Ratio on the last day of Borrower’s most recently completed fiscal quarter
    for which financial statements have been delivered pursuant to Section 5.01 after giving pro forma effect through and including
    such date to (i) all payments, prepayments, redemptions, retirements, sinking fund payments, and borrowings, issuances and other
    incurrences, of Indebtedness and (ii) all Permitted Acquisitions, including any proposed Permitted Acquisition with respect to
    which the Pro Forma Leverage Ratio is to be tested.

   

  “Range” has the
    meaning assigned to such term in Section 2.15(c).

   

  “Real Estate Asset”
    means, at any time of determination, any interest (fee, leasehold or otherwise) then owned by any Loan Party in any real property.

   

  “Refinanced Debt”
    has the meaning assigned to such term in the definition of “Refinancing Indebtedness”.

   

  
  
    	 	-
            20 -	 

  

  
     

  

  
    

  “Refinancing Indebtedness”
    means Indebtedness issued or incurred (including by means of the extension or renewal of existing Indebtedness) to extend, renew
    or refinance existing Indebtedness (“Refinanced Debt”); provided, that (a) such extending, renewing or
    refinancing Indebtedness is in an original aggregate principal amount not greater than the aggregate principal amount of, and unpaid
    interest on, the Refinanced Debt plus the amount of any premiums paid thereon and fees and expenses associated therewith, (b) such
    Indebtedness has a later maturity and a longer weighted average life than the Refinanced Debt, (c) such Indebtedness bears a market
    interest rate (as reasonably determined in good faith by the board of directors of the Borrower) as of the time of its issuance
    or incurrence, (d) if the Refinanced Debt or any Guarantees thereof are subordinated to the Obligations, such Indebtedness and
    Guarantees thereof are subordinated to the Obligations on terms no less favorable to the holders of the Obligations than the subordination
    terms of such Refinanced Debt or Guarantees thereof (and no Loan Party that has not guaranteed such Refinanced Debt guarantees
    such Indebtedness), (e) such Indebtedness contains covenants and events of default and is benefited by Guarantees (if any) which,
    taken as a whole, are reasonably determined in good faith by the board of directors of the Borrower not to be materially less favorable
    to the Lenders than the covenants and events of default of or Guarantees (if any) in respect of such Refinanced Debt, (f) if such
    Refinanced Debt or any Guarantees thereof are secured, such Indebtedness and any Guarantees thereof are either unsecured or secured
    only by such assets as secured the Refinanced Debt and Guarantees thereof, (g) if such Refinanced Debt and any Guarantees thereof
    are unsecured, such Indebtedness and Guarantees thereof are also unsecured, (h) such Indebtedness is issued only by the issuer
    of such Refinanced Debt and (i) the proceeds of such Indebtedness are applied promptly (and in any event within 45 days) after
    receipt thereof to the repayment of such Refinanced Debt.

   

  “Register” has
    the meaning assigned to such term in Section 9.04(b)(iv).

   

  “Reinvestment”
    has the meaning assigned to such term in Section 2.06(b).

   

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

   

  “Release”
    means any actual or threatened release, spill, emission, leaking, dumping, injection, pouring, deposit, disposal, discharge, dispersal,
    leaching or migration into or through the environment or within or upon any building, structure, facility or fixture.

   

  “Required Lenders”
    means, at any time, Lenders having Loans representing more than 50% of the sum of the total outstanding Loans at such time.

   

  “Restricted Payment”
    means, with respect to any Person, any dividend or other distribution (whether in cash, securities or other property) with respect
    to any Equity Interests in such Person, or any payment (whether in cash, securities or other property), including any sinking
    fund or similar deposit, on account of the purchase, redemption, retirement, acquisition, cancellation, termination or amendment
    of any Equity Interests in such Person or of any option, warrant or other right to acquire any such Equity Interests in such Person.

   

  “S&P” means
    Standard & Poor’s Financial Services LLC.

   

  “Sanctioned Country”
    means, at any time, a country or territory which is the subject or target of any comprehensive Sanctions that broadly prohibit
    or restrict dealings in, with or involving such country or territory.

   

  “Sanctioned Person”
    means any Person that is: (i) identified on a Sanctions List; (ii) domiciled, organized or resident in a Sanctioned Country; (iii)
    owned or controlled by, or acting for or on behalf of, directly or indirectly, any Person described in the foregoing clauses (i)
    or (ii); or (iv) otherwise the subject or target of Sanctions.

   

  “Sanctions”
    means economic or financial sanctions or trade embargoes imposed, administered or enforced from time to time by any Sanctions Authority..

   

  
  
    	 	-
            21 -	 

  

  
     

  

  
    

  “Sanctions Authority”
    means: (a) the U.S. government, including OFAC and the U.S. Department of State; (b) the United Nations Security Council; (c) the
    European Union and each of its member states; and (d) the United Kingdom, including the Office of Financial Sanctions Implementation
    of Her Majesty’s Treasury; and (e) any other relevant Governmental Authority in any jurisdiction in which in any of the Loan
    Parties operate or conduct business.

   

  “Sanctions List”
    means any Sanctions-related list of designated Persons maintained by any Sanctions Authority, including the Specially Designated
    Nationals and Blocked Persons List maintained by OFAC, the Consolidated United Nations Security Council Sanctions List, the consolidated
    list of persons, groups and entities subject to EU financial sanctions and the Consolidated List of Financial Sanctions Targets
    in the UK.

   

  “Second Installment
      Commitment” means the commitment of a Lender to make or otherwise fund a Second Installment Loan and “Second
      Installment Commitments” means such commitments of all Lenders in the aggregate. The amount of each Lender’s Second
    Installment Commitment is set forth on Schedule 2.01. The aggregate amount of Second Installment Commitments as of the Closing
    Date is $425,000,000.

   

  “Second Installment Date”
    means January 31, 2019.

   

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

   

  “Security Documents”
    means the Guarantee and Collateral Agreement, the Mortgages and each other security agreement or other instrument or document executed
    and delivered by any Loan Party pursuant to this Agreement or any other Loan Document (including pursuant to the Guarantee and
    Collateral Agreement) to secure (or reaffirm the grant of security for) any of the Obligations.

   

  “Solvency Certificate”
    means a Solvency Certificate substantially in the form of Exhibit F.

   

  “Solvent”
    and “Solvency” mean, with respect to Holdings and its Subsidiaries, on a consolidated basis, taken as a whole,
    on any date of determination, that on such date (a) the fair value of the assets of Borrower and its Subsidiaries, on a consolidated
    basis, taken as a whole (calculated on a going concern basis), is greater than the total amount of debt, including contingent liabilities,
    of Borrower and its Subsidiaries, taken as a whole, (b) the present fair saleable value of the assets of Borrower and its Subsidiaries
    on a consolidated basis taken as a whole, is greater than the total amount that will be required to pay the probable liabilities
    (including contingent liabilities) of such Person as they become absolute and matured in the ordinary course, (c) the capital of
    Borrower and its Subsidiaries, taken as a whole, is not unreasonably small in relation to the business of Borrower and its Subsidiaries,
    taken as a whole, contemplated as of such date; and (d) Borrower and its Subsidiaries, taken as a whole, do not intend to incur,
    or believe that they will incur, debts including current obligations beyond their ability to pay such debt as they mature in the
    ordinary course of business. For the purpose hereof, the amount of any contingent liability at any time shall be computed as the
    amount that, in light of all the facts and circumstances existing at such time, representing the amount that can reasonably be
    expected to become an actual or matured liability.

   

  “Specified Charges”
    means (a) out-of-pocket cash costs, fees and expenses for attorneys, auditors, accountants, consultants, and advisors retained
    by Holdings, the Borrower or any of their respective Subsidiaries and incurred in connection with this Agreement and (b) out-of-pocket
    costs, fees and expenses for attorneys, auditors, accountants, consultants, and advisors retained by the Administrative Agent and
    the Lenders and reimbursed by Holdings, the Borrower or any of their respective Subsidiaries (without, including without limitation,
    the fees and expenses of the Administrative Agent) incurred in connection with this Agreement.

   

  “Specified Disposition”
    means the sale or other disposition of the real property of Holdings or its Subsidiaries located in Moraine, Ohio.

   

  
  
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            22 -	 

  

  
     

  

  
    

  “Sponsor”
    means, collectively, Mudrick Capital Management, L.P. and its controlled funds (but not any portfolio company).

   

  “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 with respect to eurocurrency
    funding (currently referred to as “Eurocurrency Liabilities” in Regulation D of the Board). Such reserve percentages
    shall include those imposed pursuant to such Regulation D. Eurodollar 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 such 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.

   

  “Stockholders’
      Equity” means, as of any date of determination, consolidated stockholders’ equity of Borrower and its Subsidiaries
    as of the date determined in accordance with GAAP.

   

  “Subsidiary”
    means, with respect to any Person (the “parent”) at any date, any corporation, limited liability company, partnership,
    association or other entity the accounts of which would be consolidated with those of the parent in the parent’s consolidated
    financial statements if such financial statements were prepared in accordance with GAAP as of such date, as well as any other corporation,
    limited liability company, partnership, association or other entity of which securities or other ownership interests representing
    more than 50% of the equity or more than 50% of the ordinary voting power or, in the case of a partnership, more than 50% of the
    general partnership interests are, as of such date, owned, Controlled or held by the parent or one or more Subsidiaries of the
    parent or by the parent and one or more Subsidiaries of the parent. Unless otherwise qualified, all references to a “Subsidiary”
    or to “Subsidiaries” in this Agreement shall refer to a Subsidiary or Subsidiaries of Holdings.

   

  “Supermajority
      Lenders” means, at any time, Lenders having Loans representing more than 66-2/3% of the sum of the total outstanding principal
    amount of Loans at such time.

   

  “Swap Agreement”
    means any agreement with respect to any swap, forward, future or derivative transaction or option or similar agreement involving,
    or settled by reference to, one or more rates, currencies, commodities, equity or debt instruments or securities, or economic,
    financial or pricing indices or measures of economic, financial or pricing risk or value or any similar transaction or any combination
    of these transactions; provided that no phantom stock or similar plan providing for payments only on account of services provided
    by current or former directors, officers, employees or consultants of Holdings or the Subsidiaries shall be a Swap Agreement.

   

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

   

  “Total Indebtedness”
    means, as of any date, an amount equal to (a) the sum of (i) the aggregate principal amount of Indebtedness of Holdings and its
    Subsidiaries outstanding as of such date, determined on a consolidated basis in accordance with GAAP (but in no event less than
    the face amount thereof) and (ii) solely for purposes of calculating the First Lien Leverage Ratio under Section 2.06(c) and without
    duplication of amounts included as Indebtedness pursuant to clause (i), the amount of Loans prepaid under the ABL Credit
    Agreement with First Installment Excess Proceeds or Second Installment Excess Proceeds minus, (b) other than for purposes
    of Section 2.06(c), the aggregate unencumbered cash and Permitted Investments (provided that any such cash and Permitted Investments
    to the extent subject to a Lien created under the Loan Documents shall be deemed to be unencumbered for purposes of this definition)
    maintained by the Borrower and the Subsidiaries as of such date (but excluding (i) the proceeds of any of the Loans or any use
    thereof to repay amounts outstanding under the ABL Credit Agreement and (ii) any portion of such cash and Permitted Investments
    which is necessary for the Borrower to satisfy the Minimum Liquidity Amount requirements hereunder); provided, that the
    amount of such Indebtedness shall be (A) without regard to the effects of purchase method of accounting requiring that the amount
    of such Indebtedness be valued at its fair market value instead of its outstanding principal amount and (B) determined exclusive
    of any letters of credit to the extent undrawn. “Transactions” means (a) the execution, delivery and performance
    by each Loan Party of the Loan Documents to which it is to be a party, (b) the payment of fees and expenses in connection with
    the Loan Documents and (c) the refinancing or retirement of the Existing Indebtedness.

   

  
  
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            23 -	 

  

  
     

  

  
    

  “Transaction Costs”
    means the fees, costs and expenses payable by Holdings or any of its Subsidiaries on or before the Closing Date in connection with
    the Transactions.

   

  “Tucker Lease”
    means, collectively, (a) that certain Sublease Agreement, dated as of January 1, 2013, between AT&T Services Inc., a Delaware
    corporation, as tenant, and YP Texas Region Yellow Pages LLC, a Delaware limited liability company, as subtenant, in respect of
    the real property located at 2245 Northlake Parkway, Tucker, Georgia and (b) that certain Sublease Agreement, dated as of January
    1, 2013, between AT&T Services Inc., a Delaware corporation, as tenant, and YP Texas Region Yellow Pages LLC, a Delaware limited
    liability company, as subtenant, in respect of the real property located at 2247 Northlake Parkway, Tucker, Georgia.

   

  “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.

   

  “U.S. Person”
    means “United States person” within the meaning of Section 7701(a)(30) of the Code.

   

  “U.S. Tax Compliance
      Certificate” has the meaning assigned to such term in Section 2.12(e)(ii)(B)(3).

   

  “USA Patriot Act”
    has the meaning assigned to such term in Section 9.15.

   

  “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 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 classified and referred to by Type (e.g., a “Eurodollar
      Loan”). Borrowings also may be classified and referred to by Type (e.g., a “Eurodollar 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, restated, supplemented or otherwise
    modified (subject to any restrictions on such amendments, restatements, supplements or modifications set forth herein), (b) any
    reference herein to any Person shall be construed to include such Person’s successors and assigns, (c) 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, (d) all references herein to Articles, Sections, Exhibits and Schedules
    shall be construed to refer to Articles and Sections of, and Exhibits and Schedules to, this Agreement and (e) the words “asset”
    and “property” shall be construed to have the same meaning and effect and to refer to any and all tangible and intangible
    assets and properties, including cash, securities, accounts and contract rights. For purposes of any determinations under this
    Agreement or any other Loan Document, a Lender’s “pro rata share” shall be determined based upon its share of
    the sum of the total outstanding Loans at the time.

   

  
  
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  Section 1.04.         Accounting Terms;
      GAAP.

   

  (a)          Except
    as otherwise expressly provided herein, all terms of an accounting or financial nature shall be construed in accordance with GAAP,
    as in effect from time to time; provided that, if the Borrower notifies the Administrative Agent that the Borrower requests an
    amendment to any provision hereof to eliminate the effect of any change occurring after 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 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 amended in accordance
    herewith. Any reference made in this Agreement or any other Loan Document to any consolidated financial statement or statements
    of Holdings and the Subsidiaries means such financial statement or statements prepared on a combined basis for Holdings and the
    Subsidiaries pursuant to GAAP, not utilizing the equity method. Notwithstanding any other provision contained herein, all terms
    of an accounting or financial nature used herein shall be construed, and all computations of amounts and ratios referred to herein
    shall be made, without giving effect to any election under Statement of Financial Accounting Standards 159 (or any other Financial
    Accounting Standard having a similar result or effect) to value any Indebtedness or other liabilities of Holdings, the Borrower
    or any of their respective Subsidiaries at “fair value”, as defined therein.

   

  (b)          Notwithstanding
    anything to the contrary contained in paragraph (a) above or in the definition of “Capital Lease Obligations,” in the
    event of an accounting change requiring all leases to be capitalized, only those leases (assuming for purposes hereof that such
    leases were in existence on the Closing Date) that would constitute Capital Lease Obligations in conformity with GAAP on the Closing
    Date shall be considered Capital Lease Obligations, and all calculations and deliverables under this Agreement or any other Loan
    Document shall be made or delivered, as applicable, in accordance therewith.

   

  ARTICLE II

   

  THE CREDITS

   

  Section 2.01.         Loans.

   

  (a)          Loan
      Commitments. Subject to the terms and conditions hereof, each Lender severally agrees to make, (x) on the Closing Date, a
    Loan to the Borrower in an amount equal to such Lender’s First Installment Commitment (the “First Installment Loan”)
    and (y) on the Second Installment Date, a Loan to the Borrower in an amount equal to such Lender’s Second Installment Commitment
    (the “Second Installment Loan” and, together with the First Installment Loan, collectively, the “Loans”
    and each a “Loan”).

   

  The Borrower may make only
    one borrowing under the First Installment Commitment which shall be on the Closing Date and only one borrowing under the Second
    Installment Commitment which shall be on the Second Installment Date. Any amount borrowed under this Section 2.01(a) and subsequently
    repaid or prepaid may not be reborrowed. Subject to Section 2.06, all amounts owed hereunder with respect to the Loans shall be
    Paid in Full no later than the Maturity Date. Each Lender’s First Installment Commitment shall terminate immediately and
    without further action on the Closing Date after giving effect to the funding of such Lender’s First Installment Commitment
    on such date and each Lenders Second Installment Commitment shall terminate immediately and without further action on the Second
    Installment Date after giving effect to the funding of such Lender’s Second Installment Commitment on such date.

   

  
  
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  (b)          Borrowing
      Mechanics for Loans.

   

  (i)           The
    Borrower shall deliver to the Administrative Agent a fully executed Borrowing Notice no later than three Business Days prior to
    the Closing Date (or such shorter period as may be acceptable to the Required Lenders). Promptly upon receipt by the Administrative
    Agent of such Borrowing Notice, the Administrative Agent shall notify each Lender of the proposed borrowing.

   

  (ii)          Each
    Lender shall make its First Installment Loan available to the Administrative Agent not later than 12:00 p.m. (New York City time)
    on the Closing Date, by wire transfer of same day funds in Dollars, at the principal office designated by the Administrative Agent.
    Upon satisfaction or waiver of the conditions precedent specified in Section 4.01, the Administrative Agent shall make the proceeds
    of the First Installment Loans available to the Borrower on the Closing Date by causing an amount of same day funds in Dollars
    equal to the proceeds of all such Loans received by the Administrative Agent from the Lenders to be credited to the account of
    the Borrower at the Principal Office designated by the Administrative Agent or to such other account as may be designated to the
    Administrative Agent by the Borrower.

   

  (iii)         Each
    Lender shall make its Second Installment Loan available to the Administrative Agent not later than 12:00 p.m. (New York City time)
    on the Second Installment Date, by wire transfer of same day funds in Dollars, at the principal office designated by the Administrative
    Agent. Upon satisfaction or waiver of the conditions precedent specified in Section 4.01(o) and Section 4.01(q), the Administrative
    Agent shall make the proceeds of the Second Installment Loans available to the Borrower on the Second Installment Date by causing
    an amount of same day funds in Dollars equal to the proceeds of all such Loans received by the Administrative Agent from the Lenders
    to be credited to the account of the Borrower at the Principal Office designated by the Administrative Agent or to such other account
    as may be designated to the Administrative Agent by the Borrower. Unless otherwise indicated by the Borrower to the Administrative
    Agent prior to the Second Installment Date, the Second Installment Loans made on the Second Installment Date shall be deemed to
    be LIBO Rate Loans with an initial Interest Period of one month.

   

  Section 2.02.         Borrowings.
    (a) Subject to Section 2.09, each Borrowing shall be comprised entirely of Eurodollar Loans.

   

  (b)          At
    the commencement of each Interest Period for any 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. Borrowings of more than one Type may be outstanding at the same time; provided,
    that this Section 2.02(b) shall at all times be subject to Section 2.01.

   

  (c)          Notwithstanding
    any other provision of this Agreement, the Borrower shall not be entitled to elect to continue, any Borrowing for an Interest Period
    of more than one month’s duration if the Interest Period requested with respect thereto would end after the Maturity Date.

   

  Section 2.03.         Interest
      Elections. (a) The Borrower may elect to continue each Borrowing and 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 in
    the case of an election to continue a Eurodollar Borrowing, by not later than 2:00 p.m., New York City time, three Business Days
    before the date of the proposed continuation. Each such telephonic Interest Election Request shall be irrevocable and shall be
    confirmed promptly by hand delivery or telecopy to the Administrative Agent of a written Interest Election Request in a form approved
    by the Administrative Agent and signed by the Borrower.

   

  
  
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  (c)          Each
    telephonic and written Interest Election Request shall specify the following information in compliance with Section 2.02:

   

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

   

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

   

  (iii)        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 Interest Election Request does
    not specify an Interest Period, if the Borrower fails to deliver a timely Interest Election Request with respect to a Borrowing
    prior to the end of the Interest Period applicable thereto or if an Event of Default has occurred and is continuing, then the Borrower
    shall be deemed to have selected an Interest Period of one month’s duration.

   

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

   

  Section 2.04.         Repayment
      of Loans; Evidence of Debt. (a) The Borrower hereby unconditionally promises to pay, in full in cash on the Maturity Date,
    to the Administrative Agent, for the account of each Lender, the then unpaid principal amount of each Loan of such Lender outstanding
    on such date, together with all other outstanding Obligations in respect thereof.

   

  (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, the Type thereof
    and 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 paragraph (b) or (c) of this Section 2.04 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
    in accordance with the terms of this Agreement. In the event of any conflict between the records maintained pursuant to Section
    2.04(b) and Section 2.04(c) and the Register, the Register shall control in the absence of manifest error.

   

  (e)          Any
    Lender may request that Loans made by it be evidenced by a promissory note. In such event, the Borrower shall prepare, execute
    and deliver to such Lender a promissory note payable to such Lender (or its registered assigns) and in a form attached hereto as
    Exhibit D. Such promissory note shall state that it is subject to the provisions of this Agreement. Thereafter, the Loans evidenced
    by such promissory note and interest thereon shall at all times (including after assignment pursuant to Section 9.04) be represented
    by one or more promissory notes in such form payable to the Lender and its registered assigns).

   

  
  
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  Section 2.05.         Use
      of Proceeds. The proceeds of the Loans shall be applied by Holdings or the Borrower (x) on the Closing Date to refinance in
    full the loans outstanding under the Existing Credit Agreement and to fund the Transaction Costs or, pending such application,
    on or after the Closing Date to repay amounts outstanding under the ABL Credit Agreement and (y) thereafter, to the extent proceeds
    of the Loans remain, to make Investments pursuant to Section 6.04, Restricted Payments pursuant to Section 6.08(a) and/or Discounted
    Voluntary Repurchase pursuant to Section 2.15 using the amount available under clause (a) of the definition of the Available Amount.
    No part of the proceeds from the Loans made hereunder constitutes or will constitute funds obtained on behalf of any Sanctioned
    Person or will otherwise be used by the Borrower or any of its Affiliates, directly or indirectly, (i) in connection with any investment
    in, or any transactions or dealings with, any Sanctioned Person unless permitted by applicable Sanctions, (ii) in any manner that
    would constitute or give rise to a violation of Sanctions by any Person, including any Lender or (iii) otherwise in violation of
    applicable Anti-Corruption Laws or Anti-Money Laundering Laws.

   

  Section 2.06.         Prepayment
      of Loans.

   

  (a)          Optional
      Prepayment. The Borrower shall have the right at any time and from time to time to prepay (including, for the avoidance of
    doubt, pursuant to the procedures set forth in Section 2.15) the Loans in whole or in part without premium or penalty (but subject
    to Section 2.06(g) and Section 2.11). Any prepayment shall be in an aggregate principal amount that (except as otherwise provided
    in Section 2.15) is an integral multiple of $1,000,000 and not less than $1,000,000 or, if less, the amount outstanding, subject
    to the requirements of this Section.

   

  (b)          Mandatory
      Prepayment Generally. In the event and on each occasion that any Net Proceeds are received by or on behalf of any Loan Party
    in respect of any Prepayment Event, the Borrower shall, not later than the Business Day next after the date on which such Net
    Proceeds are received, prepay the Loans in an aggregate amount equal to 100% of such Net Proceeds, provided that, solely
    in the case of any Asset Disposition (other than a sale and leaseback transaction pursuant to Section 6.06(ii)), if the Borrower
    shall deliver to the Administrative Agent a certificate of a Financial Officer of the Borrower to the effect that Holdings, the
    Borrower or a Subsidiary intends to apply the Net Proceeds from such Asset Disposition (or a portion thereof specified in such
    certificate), within 180 days after receipt of such Net Proceeds, to acquire real property, equipment or other long term productive
    assets of the general type used in the business of Holdings, the Borrower or such Subsidiaries or to fund a Permitted Acquisition
    in accordance with the terms of Section 6.04, in each case as specified in such certificate (any such event, a “Reinvestment”),
    and certifying that no Default has occurred and is continuing, then no prepayment shall be required pursuant to this paragraph
    in respect of the Net Proceeds in respect of such Asset Disposition (or the portion of such Net Proceeds specified in such certificate,
    if applicable) except to the extent of any such Net Proceeds therefrom (i) that Holdings, the Borrower or the applicable Subsidiary
    shall have determined not to, or shall have otherwise ceased to, or is not able to, by operation of contract or law or otherwise,
    apply toward such Reinvestment or (ii) that have not been so applied, or contractually committed to be so applied, by the end
    of such 180-day period, in each case at which time a prepayment shall be required in an amount equal to such Net Proceeds that
    have not been, or have been determined not to be, so applied (it being understood that if any portion of such proceeds are not
    so used within such 180-day period but within such 180-day period are contractually committed to be used, then upon the earlier
    to occur of (A) the termination of such contract and (B) the expiration of a 90-day period following such 180-day period, such
    remaining portion shall constitute Net Proceeds as of the date of such termination or expiry without giving effect to this proviso);
    provided, further, that the Net Proceeds applied toward Reinvestments or contractually committed to be so applied
    pursuant to the foregoing proviso shall not exceed $20,000,000 in the aggregate during any fiscal year.

   

  (c)          Excess
      Cash Flow. Following the end of each fiscal quarter of the Borrower, commencing with the fiscal quarter ending March 30, 2019,
    the Borrower shall prepay the Loans in an aggregate amount equal to 100% of the sum of (x) Excess Cash Flow (if positive) generated
    during such fiscal quarter minus (y) the sum of (A) any voluntary prepayments of the Loans made pursuant to Section 2.06(a)
    during such fiscal quarter utilizing (x) Excess Cash Flow generated in such fiscal quarter or (y) accumulated Borrower’s
    Excess Cash Flow Amount (each such voluntary prepayment described in clause (x) or (y), a “Specified Voluntary Prepayment”);
    provided that such prepayment percentage shall be (i) 75% if, as of the last day of the most recently ended fiscal quarter,
    the First Lien Leverage Ratio (determined for any such period by reference to the certificate delivered pursuant to Section 5.01(d)
    calculating the First Lien Leverage Ratio as of the last day of such fiscal quarter) shall be 1.50:1.00 or less and (ii) 50% if
    the foregoing First Lien Leverage Ratio shall be 1.00:1.00 or less. Each prepayment pursuant to this paragraph shall be made within
    5 Business Days after the date on which financial statements for such fiscal quarter are (or are required to have been) delivered
    pursuant to Section 5.01 (the date such prepayment is required to be made, the “ECF Prepayment Date”).

   

  
  
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  (d)          Cure
      Proceeds. Upon receipt of any Cure Amount, the Borrower shall prepay the Loans together with accrued interest in an aggregate
    amount equal to 100% of such Cure Amount.

   

  (e)          Administration.
    The Borrower shall notify the Administrative Agent by telephone (confirmed by telecopy) of any prepayment hereunder not later than,
    (x) in the case of prepayments of the amounts outstanding under the Existing Credit Agreement on the Closing Date, on the date
    of prepayment and (y) for all other prepayments, 2:00 p.m., New York City time three Business Days before the date of prepayment.
    Each such notice shall be irrevocable and shall specify the prepayment date, the principal amount of each Borrowing or portion
    thereof to be prepaid and, in the case of a mandatory prepayment, a reasonably detailed calculation of the amount of such prepayment.
    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, except as necessary to apply fully the required amount of a mandatory prepayment or to prepay
    such Borrowing in full. Each prepayment of a Borrowing shall be applied ratably to the Loans included in the prepaid Borrowing.
    Prepayments under Section 2.06 shall be accompanied by accrued interest and other amounts to the extent required by Sections 2.06(g),
    2.08 and 2.11.

   

  (f)           Change
      in Control Offer. To the extent a Change in Control occurs, the Borrower shall promptly make an offer to prepay the Loans (a
    “Change in Control Offer”). Such repayment of the Loans shall be accompanied by accrued and unpaid interest
    on the amount repaid and any Prepayment Premium, if applicable. No later than 30 days following any Change in Control, except to
    the extent the Borrower has elected to prepay the Loans in full accordance with Section 2.06(a), the Borrower will send a notice
    (the “Change in Control Notice”) of the Change in Control to the Administrative Agent, which the Administrative
    Agent shall promptly deliver to each Lender. The Change in Control Notice shall (i) state that a Change in Control has occurred,
    and that the Borrower is offering to repay such Lender’s Loans with any Prepayment Premium, plus accrued and unpaid interest
    to the repayment date; (ii) state the relevant circumstances and facts, in reasonable detail, regarding such Change in Control,
    including basic identifying information of any direct owners of Equity Interests of Holdings (other than the Permitted Holders)
    following such Change in Control; (iii) state the repayment date (which shall be no later than 60 days and no earlier than 15 days
    from the date on which the Administrative Agent is notified) (the “Change in Control Payment Date”); (iv) state
    that unless the Borrower defaults in making the payment, all Loans accepted for payment pursuant to the Change in Control Offer
    will cease to accrue interest on the Change in Control Payment Date; (v) state that Lenders electing to have any Loans repaid pursuant
    to a Change in Control Offer will be required to notify the Administrative Agent prior to the close of business on the third Business
    Day preceding the Change in Control Payment Date; (vi) state that Lenders will be entitled to withdraw their election to require
    the Borrower to repay such Loans; provided that the Administrative Agent receives, not later than two Business Days before the
    Change in Control Payment Date, an e-mail or other written notification setting forth the name of such Lender, the principal amount
    of Loans to be repaid, and a statement that such Lender is withdrawing its election to have such Loans repaid; and (vii) provide
    the other instructions determined by the Borrower or as reasonably requested by the Required Lenders, consistent with this clause
    (f), that a Lender must follow in order to have its Loans repaid. The notice, if delivered in a manner herein provided, shall be
    conclusively presumed to have been given, whether or not the Lender receives such notice. If (1) the notice is delivered in a manner
    herein provided and (2) any Lender fails to receive such notice or a Lender receives such notice but it is defective, such Lender’s
    failure to receive such notice or such defect shall not affect the validity of the proceedings for the repayment of the Loans as
    to all other Lenders that properly received such notice without defect.

   

  (i)          On
    or before the Change in Control Payment Date, the Borrower will prepay all Loans or portions of Loans properly tendered and not
    withdrawn pursuant to the Change in Control Offer in an amount equal to the aggregate principal amount of such Loans plus the Prepayment
    Premium (if any), plus accrued and unpaid interest (if any) to the repayment date.

   

  (ii)         A
    Change in Control Offer may be made in advance of a Change in Control, and conditioned upon such Change in Control, if a definitive
    agreement is in place for the Change in Control at the time of making of the Change in Control Offer.

   

  
  
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  (iii)        The
    Borrower will not be required to make a Change in Control Offer upon a Change in Control if a third party makes the Change in Control
    Offer in the manner, at the times and otherwise in compliance with the requirements set forth in this Agreement and repays all
    Loans properly elected to be repaid and not withdrawn under such Change in Control Offer.

   

  (g)          Prepayment
      Premium. In the event that all or any portion of the Loans is repaid or prepaid for any reason (including, subject to the proviso
    of this clause (g), as a result of any mandatory prepayments, voluntary prepayments, payments made following acceleration of the
    Loans or after an Event of Default) prior to the second anniversary of the Closing Date, such repayments or prepayments will be
    made together with a premium equal to (A) 2.00% of the amount repaid or prepaid, if such repayment or prepayment occurs on or prior
    to the first anniversary of the Closing Date and (B) 1.00% of the amount repaid or prepaid, if such repayment or prepayment occurs
    after the first anniversary of the Closing Date but on or prior to the second anniversary of the Closing Date (the foregoing premiums,
    the “Prepayment Premium”); provided that the Prepayment Premium shall not apply to (i) mandatory prepayments
    by Borrower pursuant to Sections 2.06(b) (in respect of proceeds of Asset Sales pursuant to Section 6.05(d) only), 2.06(c) or 2.06(d)
    and (ii) any Specified Voluntary Prepayment (provided further, if the aggregate amount excluded pursuant to this clause (ii) in
    any fiscal quarter of the Borrower exceeds the amount permitted to be deducted from the Excess Cash Flow mandatory prepayment pursuant
    to Section 2.06(c)(y) above for such fiscal quarter, then the Prepayment Premium shall be payable in respect of such excess amount
    on or prior to the ECF Prepayment Date in respect of such fiscal quarter). If the Loans are accelerated or otherwise become due
    prior to their maturity date, in each case, as a result of an Event of Default (including upon the occurrence of a bankruptcy or
    insolvency event (including the acceleration of claims by operation of law)), the amount of principal of and premium on the Loans
    that becomes due and payable shall equal 100% of the principal amount of the Loans plus the Prepayment Premium in effect on the
    date of such acceleration or such other prior due date, as if such acceleration or other occurrence were a voluntary prepayment
    of the Loans accelerated or otherwise becoming due. Without limiting the generality of the foregoing, it is understood and agreed
    that if the Loans are accelerated or otherwise become due prior to their maturity date, in each case, in respect of any Event of
    Default (including upon the occurrence of a bankruptcy or insolvency event (including the acceleration of claims by operation of
    law)), the Prepayment Premium applicable with respect to a voluntary prepayment of the Loans will also be due and payable on the
    date of such acceleration or such other prior due date as though the Loans were voluntarily prepaid as of such date and shall constitute
    part of the Obligations, in view of the impracticability and extreme difficulty of ascertaining actual damages and by mutual agreement
    of the parties as to a reasonable calculation of each Lender’s loss as a result thereof. Any premium payable above shall
    be presumed to be the liquidated damages sustained by each Lender and the Borrower agrees that it is reasonable under the circumstances
    currently existing. THE BORROWER EXPRESSLY WAIVES (TO THE FULLEST EXTENT IT MAY LAWFULLY DO SO) THE PROVISIONS OF ANY PRESENT OR
    FUTURE STATUTE OR LAW THAT PROHIBITS OR MAY PROHIBIT THE COLLECTION OF THE PREPAYMENT PREMIUM IN CONNECTION WITH ANY SUCH ACCELERATION.
    The Borrower expressly agrees (to the fullest extent it may lawfully do so) that: (A) the Prepayment Premium is reasonable and
    is the product of an arm’s length transaction between sophisticated business people, ably represented by counsel; (B) the
    Prepayment Premium shall be payable notwithstanding the then prevailing market rates at the time payment is made; (C) there has
    been a course of conduct between the Lenders and the Borrower giving specific consideration in this transaction for such agreement
    to pay the Prepayment Premium; and (D) the Borrower shall be estopped hereafter from claiming differently than as agreed to in
    this paragraph.

   

  (h)          Notwithstanding
    anything to the contrary in this Section 2.06, no prepayment or repurchase described in this Section 2.06 shall be required to
    the extent (and only to the extent) that (x) the Borrower fails to satisfy the Term Loan Payment Conditions (as defined in the
    ABL Credit Agreement) applicable thereto and (y) the ABL Credit Agreement prohibits such prepayment or repurchase as a result of
    such failure; provided that on the date that any of the circumstances described in clauses (x) and (y) of this Section 2.06(h)
    cease to apply (a “Reversion Date”), prepayments or repurchases that would have, in the absence of such circumstances,
    been payable pursuant to Section 2.06, shall be automatically due and payable pursuant to such section (and, for the avoidance
    of doubt, shall be accompanied by any premiums that would have been originally applicable thereto) on the Reversion Date.

   

  Section 2.07.         Fees.
    (a) 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 in the Agent Fee Letter.

   

  
  
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  (b)          All
    fees payable hereunder shall be paid on the dates due, in immediately available funds, to the Administrative Agent. Fees paid shall
    not be refundable under any circumstances.

   

  Section 2.08.         Interest.
    (a) The Loans shall bear interest at the Adjusted LIBO Rate for the Interest Period in effect for such Borrowing plus the
    Applicable Rate.

   

  (b)          Notwithstanding
    the foregoing, upon the occurrence and during the continuance of an Event of Default, the Loans, and all other Obligations then
    outstanding, shall bear interest (including post petition interest in any proceeding under Debtor Relief Laws), after as well as
    before judgment, at a rate per annum equal to 2% (“Default Rate Interest”) plus the rate otherwise applicable
    to such Loan or Obligation. Payment or acceptance of the increased rates of interest provided for in this Section 2.08 is not a
    permitted alternative to timely payment and shall not constitute a waiver of any Event of Default or otherwise prejudice or limit
    any rights or remedies of the Administrative Agent or any Lender.

   

  (c)          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 (b) of this Section shall be payable on demand and (ii) in the event of any repayment or prepayment of any
    Loan pursuant to Section 2.06, accrued interest on the principal amount repaid or prepaid shall be payable on the date of such
    repayment or prepayment

   

  (d)          All
    interest hereunder shall be computed on the basis of a year of 360 days and shall be payable for the actual number of days elapsed
    (including the first day but excluding the last day). The applicable Adjusted LIBO Rate shall be determined by the Administrative
    Agent, and such determination shall be conclusive absent manifest error.

   

  Section 2.09.         Alternate
      Rate of Interest.

   

  (a)          If
    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, then the Administrative Agent shall give notice
    thereof to the Borrower and the Lenders by telephone or telecopy as promptly as practicable thereafter and, until the Administrative
    Agent notifies the Borrower and the Lenders that the circumstances giving rise to such notice no longer exist (“Alternate
      Rate Period”).

   

  (b)          During
    the Alternate Rate Period, the Loans shall bear interest at the Alternate Base Rate plus the Applicable Rate.

   

  (c)          Interest
    computed by reference to the Alternate Base Rate at times when the Alternate Base Rate is based on the Prime Rate shall be computed
    on the basis of a year of 365 days (or 366 days in a leap year), and shall be payable for the actual number of days elapsed (including
    the first day but excluding the last day). The applicable Alternate Base Rate shall be determined by the Administrative Agent,
    and such determination shall be conclusive absent manifest error.

   

  (d)          If
    at any time the Administrative Agent (acting at the direction of the Required Lenders) determines (which determination shall be
    conclusive absent manifest error) that (i) the circumstances set forth in clause (a) above have arisen and such circumstances are
    unlikely to be temporary or (ii) the circumstances set forth in clause (a) above have not arisen but the supervisor for the administrator
    of the Adjusted LIBO Rate or a Governmental Authority having jurisdiction over the Administrative Agent has made a public statement
    identifying a specific date after which the Adjusted LIBO Rate will no longer be used for determining interest rates for loans,
    then the Required Lenders and the Borrower shall endeavor (acting reasonably) to establish an alternate rate of interest to the
    Adjusted LIBO Rate that gives due consideration to the then prevailing market convention for determining a rate of interest for
    loans of the type in the United States at such time, and shall enter into an amendment to this Agreement to reflect such alternate
    rate of interest and such other related changes to this Agreement as may be applicable. Notwithstanding anything to the contrary
    in Section 9.02, such amendment shall become effective without any further action or consent of any other party to this Agreement.
    Provided that, if such alternate rate of interest shall be less than zero, such rate shall be deemed to be 1.00% for the purposes
    of this Agreement.

   

  
  
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  Section 2.10.         Increased
      Costs; Illegality. (a) If any Change in Law shall:

   

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

   

  (ii)         subject
    the Administrative Agent or any Lender to any Taxes (other than Indemnified Taxes and Excluded Taxes) on its loans, loan principal,
    letters of credit, commitments, or other obligations, or its deposits, reserves, other liabilities or capital attributable thereto;
    or

   

  (iii)        impose
    on any Lender or the London interbank market any other condition affecting this Agreement or Eurodollar Loans made by such Lender;

   

  and the result of any of the foregoing shall
    be to increase the cost to such Lender of making or maintaining any Eurodollar Loan (or of maintaining its obligation to make any
    such Loan) or to increase the cost to such Lender or to reduce the amount of any sum received or receivable by such Lender hereunder
    (whether of principal, interest or otherwise), then 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 determines that any Change in Law regarding capital or liquidity requirements has or would have the effect of reducing
    the rate of return on such Lender’s capital or on the capital of such Lender’s holding company, if any, 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 after submission by such
    Lender to the Borrower of a written request therefor, 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)          A
    certificate of a Lender setting forth in reasonable detail the matters giving rise to a claim under this Section 2.10 and the calculation
    of such claim by such Lender or its holding company, as the case may be, 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 10 days after
    receipt thereof.

   

  (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 of such Lender’s intention to claim
    compensation therefor; 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.

   

  (e)          Notwithstanding
    any other provision herein, if any Change in Law shall make it unlawful for any Lender to maintain Eurodollar Loans as contemplated
    by this Agreement, (i) the commitment of such Lender hereunder to continue Eurodollar Loans as such shall forthwith be canceled
    and (ii) such Lender’s Loans then outstanding as Eurodollar Loans, if any, shall be converted automatically to ABR Loans
    on the respective last days of the then current Interest Periods with respect to such Loans or within such earlier period as required
    by applicable law. If any such conversion of a Eurodollar Loan occurs on a day which is not the last day of the then current Interest
    Period with respect thereto, the Borrower shall pay to such Lender such amounts, if any, as may be required pursuant to Section
    2.11.

   

  (f)           For
    the avoidance of doubt, notwithstanding anything herein to the contrary, (i) the Dodd-Frank Wall Street Reform and Consumer Protection
    Act and all requests, rules, guidelines, requirements and directives thereunder, issued in connection therewith or in implementation
    thereof, and (ii) all requests, rules, guidelines, requirements and directives promulgated by the Bank for International Settlements,
    the Basel Committee on Banking Supervision (or any successor or similar authority) or the United States or foreign regulatory authorities,
    in each case pursuant to Basel III, shall in each case be deemed to be a Change in Law regardless of the date enacted, adopted,
    issued or implemented.

   

  
  
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  Section 2.11.         Break
      Funding Payments. In the event of (a) the payment of any principal of any Loan other than on the last day of an Interest Period
    applicable thereto (including as a result of an Event of Default), (b) the failure to prepay any Loan on the date specified in
    any notice delivered pursuant hereto (regardless of whether such notice may be revoked under Section 2.06(e) and is revoked in
    accordance therewith) or (c) the assignment of any Eurodollar 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 2.14 or 9.02(c), then, in any such event, 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
    consist of an amount determined by such Lender to be the excess, if any, of (i) the amount of interest that 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 (without giving effect to clause (b) of the definition of LIBO Rate), 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 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 that such Lender would bid were it to bid, at the commencement of such period, for dollar deposits of a comparable
    amount and period from other banks in the Eurodollar market. A certificate of any Lender setting forth any amount or amounts that
    such Lender is entitled to receive pursuant to this Section 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 10 days after receipt thereof.

   

  Section 2.12.         Taxes.
    (a) Any and all payments by or on account of any obligation of any Loan Party hereunder or under any other Loan Document shall
    be made free and clear of, and without deduction for, any Taxes, except as required by applicable law; provided that if
    the applicable withholding agent shall be required to deduct any Taxes from such payments (as determined in the good faith discretion
    of the applicable withholding agent), then (i) if such Taxes are Indemnified Taxes, the sum payable shall be increased as necessary
    so that after making all required deductions (including deductions applicable to additional sums payable under this Section) the
    Administrative Agent or Lender (as the case may be) receives an amount equal to the sum it would have received had no such deductions
    been made, (ii) the applicable withholding agent shall make such deductions and (iii) the applicable withholding agent shall pay
    the full amount deducted to the relevant Governmental Authority in accordance with applicable law.

   

  (b)          In
    addition, without duplication of any amounts paid pursuant to subsection (a), the Borrower shall pay any Other Taxes to the relevant
    Governmental Authority in accordance with applicable law, or, at the option of the Administrative Agent timely reimburse it for
    the payment thereof.

   

  (c)          Without
    duplication of any amounts paid pursuant to subsections (a) or (b), the Loan Parties shall jointly and severally indemnify the
    Administrative Agent and each Lender within 10 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 or required to be withheld or deducted from a payment to
    the Administrative Agent or such Lender (including Indemnified Taxes imposed or asserted on or attributable to amounts payable
    under this Section) and any reasonable expenses arising therefrom or with respect thereto. A certificate as to the amount of such
    payment or liability delivered to the Borrower by a Lender (with a copy to the Administrative Agent), 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 Taxes by any Loan Party to a Governmental Authority pursuant to this Section 2.12, such
    Loan Party 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.

   

  
  
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  (e)          For
    purposes of this Section 2.12(e), each instance of “Lender” shall be read to refer to any Lender and the Administrative
    Agent. (i) Any Lender that is entitled to an exemption from or reduction of withholding Tax under the law of the jurisdiction in
    which the Borrower is located, or any treaty to which such jurisdiction is a party, with respect to payments under this Agreement
    shall deliver to the Borrower (with a copy to the Administrative Agent), at the time or times prescribed by applicable law, such
    properly completed and executed documentation prescribed by applicable law or reasonably requested by the Borrower as will permit
    such payments to be made without withholding or at a reduced rate of withholding and will also provide any documentation 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 this clause 2.12(e)(i), the completion, execution and submission
    of such documentation (other than such documentation set forth in Section 2.12(e)(ii)(A), (ii)(B) and (ii)(D) below) shall not
    be required if in the Lender’s reasonable judgment such completion, execution or submission would subject such Lender to
    any material unreimbursed cost or expense or would materially prejudice the legal or commercial position of such Lender.

   

  (ii)         Without
    limiting the generality of the foregoing, in the event that the Borrower is a U.S. Person,

   

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

   

  (B)         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 IRS Form 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 IRS Form 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 C-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 “U.S.
      Tax Compliance Certificate”) and (y) executed originals of IRS Form W-8BEN or IRS Form 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, IRS Form W-8BEN-E, a U.S. Tax Compliance Certificate substantially in the form of Exhibit C-2 or Exhibit C-3,
    IRS Form W-9, and/or other certification documents from each beneficial owner, as applicable; provided that if the Foreign Lender
    is a partnership and one or more direct or indirect partners of such Foreign Lender are claiming the portfolio interest exemption,
    such Foreign Lender may provide a U.S. Tax Compliance Certificate substantially in the form of Exhibit C-4 on behalf of each such
    direct and indirect partner;

   

  
  
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  (C)         any
    Foreign Lender shall, to the extent it is legally entitled to do so, deliver to the Borrower and the Administrative Agent (in such
    number of copies as shall be requested by the recipient) on or prior to the date on which such Foreign Lender becomes a Lender
    under this Agreement (and from time to time thereafter upon the reasonable request of the Borrower or the Administrative Agent),
    executed originals of any other form prescribed by applicable law as a basis for claiming exemption from or a reduction in U.S.
    federal withholding Tax, duly completed, together with such supplementary documentation as may be prescribed by applicable law
    to permit the Borrower or the Administrative Agent to determine the withholding or deduction required to be made; 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, if any, to deduct and withhold from such payment. Solely for purposes of this clause (D), “FATCA”
    shall include any amendments made to FATCA after the date of this Agreement.

   

  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.

   

  (f)           If
    the Administrative Agent or a Lender determines, in its sole judgment exercised in good faith, that it has received a refund of
    any Indemnified Taxes as to which it has been indemnified by the Borrower or with respect to which the Borrower has paid additional
    amounts pursuant to this Section 2.12, it shall pay over such refund to the Borrower within a reasonable period of time (but only
    to the extent of indemnity payments made, or additional amounts paid, by the Borrower under this Section 2.12 with respect to the
    Indemnified Taxes giving rise to such refund), net of all out-of-pocket expenses (including Taxes) of the Administrative Agent
    or such Lender and without interest (other than any interest paid by the relevant Governmental Authority with respect to such refund);
    provided, that the Borrower, upon the request of the Administrative Agent or such Lender, agrees to repay the amount paid
    pursuant to this Section 2.12(f) (plus any penalties, interest or other charges imposed by the relevant Governmental Authority)
    to the Administrative Agent or such Lender in the event the Administrative Agent or such Lender is required to repay such refund
    to such Governmental Authority. Notwithstanding anything to the contrary in this paragraph (f), in no event will the Administrative
    Agent or such Lender be required to pay any amount to the Borrower pursuant to this paragraph (f) the payment of which would place
    the Administrative Agent or such Lender in a less favorable net after-Tax position than the Administrative Agent or such Lender
    would have been in if the Tax subject to indemnification and giving rise to such refund had not been deducted, withheld or otherwise
    imposed and the indemnification payments or additional amounts with respect to such Tax had never been paid. This Section shall
    not be construed to require the Administrative Agent or any Lender to make available its tax returns (or any other information
    relating to its Taxes that it deems confidential) to the Borrower or any other Person.

   

  
  
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  (g)          Each
    Lender shall indemnify the Administrative Agent within 10 days after written demand therefor, for the full amount of (i) any Indemnified
    Taxes attributable to such Lender (but 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) and (ii) any Taxes attributable to such
    Lender’s failure to comply with the provisions of Section 9.04 (c) relating to the maintenance of a Participant Register,
    in either case, that are payable or paid by the Administrative Agent, 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. A certificate as to the amount of such payment or liability prepared in good faith and delivered to any Lender by the
    Administrative Agent shall be conclusive absent manifest error. Each Lender hereby authorizes the Administrative Agent to set off
    and apply any and all amounts at any time owing to such Lender under any Loan Document or otherwise payable by the Administrative
    Agent to the Lender from any other source against any amount due to the Administrative Agent under this paragraph (g).

   

  (h)          The
    agreements in this Section 2.12 shall survive the termination of this Agreement and the payment of the Loans and all other amounts
    payable hereunder.

   

  Section 2.13.         Payments
      Generally; Pro Rata Treatment; Sharing of Setoffs. (a) The Borrower shall make each payment required to be made by it hereunder
    or under any other Loan Document (whether of principal, interest, premiums or fees, or of amounts payable under Section 2.10, 2.11
    or 2.12, or otherwise) prior to the time expressly required hereunder or under such other Loan Document for such payment (or, if
    no such time is expressly required, prior to 2:00 p.m., New York City time), on the date when due, in immediately available funds,
    without setoff or counterclaim. Any amounts received after such time on any date may, in the discretion of the Administrative Agent,
    be deemed to have been received on the next succeeding Business Day for purposes of calculating interest thereon. All such payments
    shall be made to the Administrative Agent at its offices set forth in the notice section below, except that payments pursuant to
    Sections 2.10, 2.11, 2.12 and 9.03 shall be made directly to the Persons entitled thereto and payments pursuant to other Loan Documents
    shall be made to the Persons specified therein. The Administrative Agent shall distribute any such payments received by it for
    the account of any other Person to the appropriate recipient promptly following receipt thereof. If any payment under any Loan
    Document shall be due on a day that is not a Business Day (except as otherwise provided in the definition of “Interest Period”),
    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 under each Loan Document shall be made in Dollars.

   

  (b)          If
    at any time insufficient funds are received by and available to the Administrative Agent to pay fully all amounts of principal,
    interest and fees then due hereunder, such funds shall be applied (i) first, towards payment of interest and fees (including fees
    and expenses due to the Administrative Lender under the Agent Fee Letter) then due hereunder, ratably among the parties entitled
    thereto in accordance with the amounts of interest and fees then due to such parties, and (ii) second, towards payment of principal
    then due hereunder, ratably among the parties entitled thereto in accordance with the amounts of principal then due to such parties.

   

  (c)          If
    any Lender shall, by exercising any right of setoff or counterclaim or otherwise, obtain payment in respect of any principal of
    or interest on any of its Loans resulting in such Lender receiving payment of a greater proportion of the aggregate amount of its
    Loans and accrued interest thereon than the proportion received by any other Lender, then the Lender receiving such greater proportion
    shall purchase (for cash at face value) participations in the Loans of other Lenders to the extent necessary so that the benefit
    of all such payments shall be shared by the Lenders ratably in accordance with the relative aggregate amounts of principal of and
    accrued interest on their Loans; provided that (i) if any such participations are purchased and all or any portion of the
    payment giving rise thereto is recovered, such participations shall be rescinded and the purchase price restored to the extent
    of such recovery, without interest, and (ii) the provisions of this paragraph shall not be construed to apply to any payment made
    by the Borrower pursuant to and in accordance with the express terms of this Agreement or any 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 setoff 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.

   

  
  
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  (d)          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.

   

  (e)          If
    any Lender shall fail to make any payment required to be made by it pursuant to Section 2.13(d) or 9.03(c), then the Administrative
    Agent may, in its discretion (notwithstanding any contrary provision hereof), apply any amounts thereafter received by the Administrative
    Agent for the account of such Lender to satisfy such Lender’s obligations under such Sections until all such unsatisfied
    obligations are fully paid.

   

  Section 2.14.         Mitigation
      Obligations; Replacement of Lenders. (a) If any Lender requests compensation under Section 2.10, 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 2.12,
    then such Lender shall 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 2.10 or 2.12, 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, provided that nothing in this Section shall affect or postpone any of the obligations of the Borrower or the rights
    of any Lender pursuant to Section 2.10 or 2.12. The Borrower hereby agrees to pay all reasonable costs and expenses incurred by
    any Lender in connection with any such designation or assignment.

   

  (b)          If
    any Lender requests compensation under Section 2.10, 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 2.12, or if any Lender is not able to maintain
    Eurodollar Loans for reasons described in Section 2.10(e), or if any Lender becomes a Defaulting Lender, then the Borrower may,
    at its sole expense and effort, upon notice to such Lender and the Administrative Agent, require such Lender to assign and delegate,
    without recourse (in accordance with and subject to the restrictions contained in Section 9.04, provided that the Borrower
    or assignee must pay any applicable processing or recordation fee), all its interests, rights and obligations under this Agreement
    to an assignee that shall assume such obligations (which assignee may be another Lender, if a Lender accepts such assignment);
    provided, further, that such Lender shall have received payment of an amount equal to the outstanding principal
    of its Loans, accrued interest thereon, accrued fees and all other amounts payable to it hereunder, from the assignee (to the
    extent of such outstanding principal and accrued interest and fees) or the Borrower (in the case of all other amounts) and such
    Lender shall be released from all obligations hereunder. 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.

   

  Section 2.15.        Voluntary
      Repurchases Below Par. (a) The Borrower may elect to make below par voluntary repurchases of the Loans (each such repurchase
    a “Discounted Voluntary Repurchase”) (1) through open market purchases (“Open Market Purchases”)
    or (2) pursuant to the procedures set forth in Section 2.15(c) (a “Dutch Auction”) any other procedures reasonably
    determined by the Borrower so long as participation in the relevant Discounted Voluntary Repurchases is open to all Lenders on
    a pro rata basis; provided that the aggregate amount of any such Discounted Voluntary Repurchase, based upon the actual amount
    of cash paid in connection therewith, shall not exceed the Available Amount in effect at the time of such Discounted Voluntary
    Repurchase. Accrued interest on each Loan repurchased pursuant to a Discounted Voluntary Repurchase shall be payable in the manner
    approved by the Governing Board of the Borrower and as negotiated with the Lender of the applicable repurchased Loan.

   

  (b)          At
    the time of any Discounted Voluntary Repurchase (or, if necessary, immediately subsequent in the case of an Open Market Purchase),
    the Borrower shall certify to the Administrative Agent, with reasonable supporting detail, (i) compliance with the requirements
    of this Section 2.15, (ii) a computation of the Available Amount and (iii) that such Discounted Voluntary Repurchase shall have
    been approved by the Borrower’s Governing Board.

   

  
  
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  (c)          Terms
    Specific to Dutch Auctions:

   

  (i)          In
    connection with any Dutch Auction, the Borrower shall notify the Administrative Agent and the Lenders (the “Discounted
      Voluntary Repurchase Notice”) that the Borrower desires to repurchase Loans with cash in an aggregate amount (each, a
    “Discounted Voluntary Repurchase Amount”) specified by the Borrower at a price within a range (the “Range”)
    to be specified by the Borrower equal to a percentage of par (not to exceed 100%) (the “Payment Percentage”)
    of the principal amount of the Loans to be repurchased; provided that only one Discounted Voluntary Repurchase Notice may be in
    effect at any time. The Discounted Voluntary Repurchase Notice shall further specify the date by which Lenders are required to
    indicate their election to participate in such proposed Discounted Voluntary Repurchase, which shall be at least five Business
    Days following the date of the Discounted Voluntary Repurchase Notice (the “Acceptance Date”).

   

  (ii)         On
    or prior to the Acceptance Date for any Dutch Auction, each Lender may specify by written notice to the Administrative Agent the
    minimum Payment Percentage (the “Acceptable Payment Percentage”) within the Range and the maximum principal
    amount of Loans that such Lender is willing to sell at the Acceptable Payment Percentage (the “Accepted Amount”).
    Based on the Acceptable Payment Percentages and the Accepted Amounts specified by all Lenders, the Borrower agrees to accept all
    offers received by the Administrative Agent on the Acceptance Date, in order from the Acceptable Payment Percentage that is the
    largest discount to par to the Acceptable Payment Percentage that is the smallest discount to par, up to and including the Acceptable
    Payment Percentage that is the smallest discount to par within the Range which yields, in aggregate for all purchases, the Discounted
    Voluntary Repurchase Amount; provided that if the Accepted Amount for all participating Lenders at the Acceptable Payment Percentage
    that has the smallest discount to par within the Range which yields the Discounted Voluntary Repurchase Amount exceeds the Discounted
    Voluntary Repurchase Amount, each participating Lender shall participate prorata in accordance with the Accepted Amount of each
    such Lender (subject to rounding requirements specified by the Administrative Agent). The Borrower shall prepay Loans (or the respective
    portions thereof) by remitting such amount to the Administrative Agent (for distribution to each respective Lender to be prepaid).

   

  (d)          [Reserved].

   

  (e)          Each
    Dutch Auction shall be consummated pursuant to procedures (including as to rounding and minimum amounts, Type and Interest Periods
    of accepted Loans, irrevocability of any Discounted Voluntary Repurchase Notice and other notices by the Borrower and Lenders and
    determination of Acceptable Payment Percentage, if required) reasonably established by the Administrative Agent in consultation
    with the Required Lenders and the Borrower and not inconsistent with the terms hereof.

   

  (f)           Notwithstanding
    anything to the contrary in this Agreement (including, without limitation, Sections 2.06 and 2.13), the Lenders hereby consent
    to the transactions described in this Section 2.15 and further acknowledge that in connection with any Discounted Voluntary Repurchase
    principal and interest payments may be made on a non-pro rata basis to the applicable Lenders.

   

  (g)          This
    Section 2.15 shall not require any Lender to participate in any Discounted Voluntary Repurchase.

   

  
  
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  ARTICLE III

   

  REPRESENTATIONS AND WARRANTIES

   

  To induce the Administrative
    Agent and the Lenders to enter into this Agreement, the Borrower represents and warrants to the Agent and the Lenders on each Credit
    Date that, both immediately before and after giving effect to the Transactions and any Loans, the following statements are true
    and correct:

   

  Section 3.01.         Organization;
      Powers. Holdings and its Subsidiaries are duly organized, validly existing and in good standing under the laws of the jurisdiction
    of its organization, 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 entered into and to be entered into by each of the Loan Parties are within such Person’s
    corporate or limited liability company powers and have been duly authorized by all necessary corporate or limited liability company
    and, if required, stockholder or member action. This Agreement has been duly executed and delivered by each of the Loan Parties
    and constitutes, and each other Loan Document to which any of the Loan Parties is to be a party, when executed and delivered by
    such Person, will constitute, a legal, valid and binding obligation of such Person, 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 as have been obtained or made and are in full force and effect and except filings
    necessary to perfect Liens created under the Loan Documents, (b) will not violate any applicable law or regulation or the charter,
    limited liability company agreement, by-laws or other organizational documents of Holdings or any of its Subsidiaries 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 Holdings or any of its Subsidiaries or any of their assets, or give rise to a right thereunder to require any payment to be
    made by Holdings or any of its Subsidiaries, (d) will not result in the creation or imposition of any Lien on any asset of Holdings
    or any of its Subsidiaries, except Liens permitted under Section 6.02 and (e) do not require any approval of stockholders, members
    or partners or any approval or consent of any Person under any contractual obligation of Holdings or any of its Subsidiaries, except
    for such approvals or consents which will be obtained on or before the Closing Date.

   

  Section 3.04.         Financial
      Condition.

   

  (a)          The
    Historical Financial Statements were prepared in conformity with GAAP and fairly present, in all material respects, the financial
    position, on a consolidated basis, of the Persons described in such financial statements as at the respective dates thereof and
    the results of operations and cash flows, on a consolidated basis, of the entities described therein for each of the periods then
    ended, subject, in the case of any such unaudited financial statements, to changes resulting from audit and normal year-end adjustments.
    As of the Closing Date, neither Holdings nor any of its Subsidiaries has any contingent liability or liability for Taxes, long
    term lease or unusual forward or long term commitment that is not reflected in the Historical Financial Statements or the notes
    thereto and which in any such case is material in relation to the business, operations, properties, assets, financial condition
    or prospects of Holdings and its Subsidiaries taken as a whole.

   

  (b)          Since
    December 31, 2017, no event, circumstance or change has occurred that has caused or evidences, or could reasonably be expected
    to result in, either in any case or in the aggregate, a Material Adverse Effect.

   

  
  
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  Section 3.05.         Properties.
    (a) Holdings and each of its Subsidiaries has good title to, or valid leasehold interests in, all its real and personal property
    material to its business (including its Mortgaged Properties), except for minor defects in title that do not, or could not reasonably
    be expected to, interfere with its ability to conduct its business as currently conducted or to utilize such properties for their
    intended purposes.

   

  (b)          Holdings
    and each of its Subsidiaries owns, or is licensed to use, all trademarks, trade names, copyrights, patents and other Intellectual
    Property, in each case that is material to its business, and the use thereof by Holdings and its Subsidiaries does not infringe
    upon the rights of any other Person, except, in each case, for any matters that, individually or in the aggregate, could not reasonably
    be expected to result in a Material Adverse Effect.

   

  (c)          Schedule
    3.05 sets forth the address of each real property that is owned or leased by Holdings or any of its Subsidiaries as of the Closing
    Date.

   

  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 in writing against or affecting Holdings, any of its Subsidiaries
    or any of their respective executive officers or directors (i) which could reasonably be expected, individually or in the aggregate,
    to result in a Material Adverse Effect or (ii) that involve any of the Loan Documents or the Transactions.

   

  (b)          Except
    for any matters that, individually or in the aggregate, could not reasonably be expected to result in a Material Adverse Effect,
    none of Holdings or any of its 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 facts or circumstances
    which are reasonably likely to form the basis for any Environmental Liability.

   

  Section 3.07.         Compliance
      with Laws and Agreements.

   

  (a)          Generally.
    Each of Holdings and its Subsidiaries is in compliance with all applicable statutes, regulations and orders of, and all applicable
    restrictions imposed by, all Governmental Authorities, in respect of the conduct of its business and the ownership of its property
    (including compliance with all applicable Environmental Laws with respect to any Real Estate Asset or governing its business and
    the requirements of any permits issued under such Environmental Laws with respect to any such Real Estate Asset or the operations
    of Holdings or any of its Subsidiaries), except such noncompliance that, individually or in the aggregate, could not reasonably
    be expected to result in a Material Adverse Effect; provided, however, that this clause (a) shall not apply to compliance with
    Anti-Money Laundering Laws, Anti-Corruption Laws and Sanctions, which compliance is addressed in clauses (b), (c) and (d) below.

   

  (b)          Anti-Money
      Laundering Laws, Etc. None of the Loan Parties or any of their respective Subsidiaries or any of the directors or officers
    of the Loan Parties or any of their respective Subsidiaries, or to the knowledge of each Loan Party, any of the Affiliates, employees
    or agents of the Loan Parties or any of their respective Subsidiaries: (i) has taken or will take any action that would constitute
    or give rise to a violation of Anti-Money Laundering Laws; or (ii) is or has been, in the past five (5) years, subject to any action,
    proceeding, litigation, claim or investigation with regard to any actual or alleged violation of Anti-Money Laundering Laws. Each
    Loan Party has implemented and maintains in effect policies and procedures designed to promote and achieve compliance by such Loan
    Party and its Subsidiaries, and their respective directors, officers, employees and agents, with applicable Anti-Money Laundering
    Laws.

   

  (c)          Anti-Corruption
      Laws, Etc.

   

  (i)           None
    of the Loan Parties or any of their respective Subsidiaries or any of the directors or officers of the Loan Parties or any of their
    respective Subsidiaries, or to the knowledge of each Loan Party, any of the Affiliates, employees or agents of the Loan Parties
    or any of their respective Subsidiaries: (A) has taken or will take any action in furtherance of an offer, payment, promise to
    pay, or authorization or approval of the payment or giving of money, property, gifts or anything else of value, directly or indirectly,
    to any Government Official to influence official action or secure an improper advantage or otherwise in any manner that would constitute
    or give rise to a violation of applicable Anti-Corruption Laws: or (B) is or has been, in the past five (5) years, subject to any
    action, proceeding, litigation, claim or investigation with regard to any actual or alleged violation of Anti-Corruption Laws.

   

  
  
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  (ii)          Each
    Loan Party has implemented and maintains in effect policies and procedures designed to promote and achieve compliance by such Loan
    Party and its Subsidiaries, and their respective directors, officers, employees and agents, with applicable Anti-Corruption Laws.
    None of the Loan Parties or any of their respective Subsidiaries has made a voluntary, directed, or involuntary disclosure to any
    Governmental Authority with respect to any alleged act or omission arising under or relating to any noncompliance with any applicable
    Anti-Corruption Law; and

   

  (iii)         The
    Borrower will not use, directly or indirectly, any part of the proceeds of the Loans: (A) in furtherance of an offer, payment,
    promise to pay, or authorization or approval of the payment or giving of money, property, gifts or anything else of value, directly
    or indirectly, to any Government Official to influence official action or secure an improper advantage; or (B) in any manner that
    would constitute or give rise to a violation of applicable Anti-Corruption Laws.

   

  (d)          Sanctions.
    None of the Loan Parties or any of their respective Subsidiaries or any of the directors or officers of the Loan Parties or any
    of their respective Subsidiaries, or to the knowledge of each Loan Party, any of the Affiliates, employees or agents of the Loan
    Parties or any of their respective Subsidiaries (i) is a Sanctioned Person; (ii) has engaged in the past five (5) years or intends
    to engage in the future in any dealings with, involving or for the benefit of, any Sanctioned Person, to the extent prohibited
    by applicable Sanctions; (iii) has taken any action, directly or indirectly, that would constitute or give rise to a violation
    of applicable Sanctions or (iv) is or has been, in the past five (5) years, subject to any action, proceeding, litigation, claim
    or, to its knowledge, investigation with regard to any actual or alleged violation of Sanctions. Each Loan Party has implemented
    and maintains in effect policies and procedures designed to promote and achieve compliance by such Loan Party and its Subsidiaries,
    and their respective directors, officers, employees and agents, with applicable Sanctions. In the past five (5) years, none of
    the Loan Parties or any of their respective Subsidiaries has conducted or initiated any internal investigation or made a voluntary,
    directed, or involuntary disclosure to OFAC or any other Governmental Authority with respect to any alleged act or omission arising
    under or relating to any noncompliance with any applicable Sanctions. The Borrower will not use, directly or indirectly, any part
    of any proceeds of the Loans: (A) to fund or facilitate any activities or business of, with or involving any Sanctioned Person,
    except to the extent permitted by Sanctions; or (B) in any manner that would constitute or give rise to a violation of Sanctions
    by any Person, including any Lender.

   

  Section 3.08.         Investment
      Company Status. Neither Holdings nor any of its Subsidiaries is subject to regulation under the Investment Company Act of 1940
    or under any other federal or state statute or regulation which may limit its ability to incur Indebtedness or which may otherwise
    render all or any portion of the Obligations unenforceable. Neither Holdings nor any of its Subsidiaries is a “registered
    investment company” or a company “controlled” by a “registered investment company” or a “principal
    underwriter” of a “registered investment company” as such terms are defined in the Investment Company Act of
    1940.

   

  Section 3.09.         Taxes.
    Each of Holdings and its Subsidiaries has timely filed or caused to be filed all material Tax returns and reports required to have
    been filed and has paid or caused to be paid all material Taxes required to have been paid by it, except any Taxes that are being
    contested in good faith by appropriate proceedings and for which Holdings or such Subsidiary, as applicable, has set aside on its
    books adequate reserves in accordance with GAAP. Except as set forth in Schedule 3.09, no material tax Liens have been filed.

   

  Section 3.10.         ERISA.
    No ERISA Event has occurred that, when taken together with all other such ERISA Events for which liability has occurred, 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 actuarial assumptions at such time consistent with those prescribed by the PBGC for purposes of Section 4044
    of ERISA) did not, as of the date of the most recent financial statements reflecting such amounts, exceed the fair market value
    of the assets of such Plan by an amount that would reasonably be expected to have a Material Adverse Effect, and the present value
    of all accumulated benefit obligations of all underfunded Plans (based on the actuarial assumptions at such time consistent with
    those prescribed by the PBGC for purposes of Section 4044 of ERISA) did not, as of the date of the most recent financial statements
    reflecting such amounts, exceed the fair market value of the assets of all such underfunded Plans by an amount that would reasonably
    be expected to have a Material Adverse Effect.

   

  
  
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  Section 3.11.         Margin
      Regulations. Neither Holdings nor any of its Subsidiaries is engaged principally, or as one of its important activities, in
    the business of extending credit for the purpose of buying or carrying Margin Stock.

   

  Section 3.12.         Disclosure.
    None of the written reports, financial statements, certificates or other written information taken as a whole, furnished by or
    on behalf of any Loan Party to the Administrative Agent or any Lender in connection with the negotiation of this Agreement or any
    other Loan Document or delivered hereunder or thereunder (as of the date thereof and as modified or supplemented by other information
    so furnished) contains any material misstatement of fact or omits to state any material fact necessary to make the statements therein,
    in the light of the circumstances under which they were made taken as a whole, not materially misleading; provided that,
    with respect to projected financial information, the Borrower represents only that such information was prepared in good faith
    based upon assumptions believed to be reasonable at the time such projected financial information was prepared.

   

  Section 3.13.         Subsidiaries.
    Schedule 3.13 sets forth the name of, and the ownership interest of Holdings and its Subsidiaries as of the Closing Date. As of
    the Closing Date, Holdings does not have any Subsidiaries other than those set forth on Schedule 3.13.

   

  Section 3.14.         Insurance.
    Schedule 3.14 sets forth a description of all insurance maintained by or on behalf of Holdings and its Subsidiaries as of the Closing
    Date. All premiums due and payable in respect of such insurance have been paid. The Borrower believes that the insurance maintained
    by or on behalf of Holdings and its Subsidiaries is adequate.

   

  Section 3.15.         Labor
      Matters. As of the Closing Date there are no strikes, lockouts or slowdowns against Holdings or any Subsidiary pending or,
    to the knowledge of the Borrower, threatened in writing. Except as could not, individually or in the aggregate, reasonably be expected
    to result in a Material Adverse Effect: (a) the hours worked by and payments made to employees of Holdings and the Subsidiaries
    have not been in violation of the Fair Labor Standards Act or any other applicable Federal, state, local or foreign law dealing
    with such matters; (b) all payments due from Holdings or any Subsidiary, or for which any claim may be made against Holdings or
    any Subsidiary, on account of wages and employee health and welfare insurance and other benefits, have been paid or accrued as
    a liability on the books of Holdings or such Subsidiary; and (c) the consummation of the Transactions will not give rise to any
    right of termination or right of renegotiation on the part of any union under any collective bargaining agreement to which Holdings
    or any Subsidiary is bound.

   

  Section 3.16.         Solvency.
    Holdings and its Subsidiaries, on a consolidated basis, taken as a whole, are Solvent.

   

  Section 3.17.         Security
      Documents. (a) The Guarantee and Collateral Agreement is effective to create in favor of the Administrative Agent, for the
    benefit of the Secured Parties, a legal, valid and enforceable security interest in and Lien on the Collateral described therein
    and proceeds thereof. In the case of the Pledged Shares (each as defined in the Guarantee and Collateral Agreement) described in
    the Guarantee and Collateral Agreement, upon delivery of the stock certificates representing such Pledged Shares to the Administrative
    Agent, and in the case of the other Collateral described in the Guarantee and Collateral Agreement (other than the Intellectual
    Property, as defined in the Guarantee and Collateral Agreement, for which such filings will not perfect same under applicable law),
    upon filing of the financing statements and other filings in the offices specified on Schedule 3.17 (as updated by the Borrower
    from time to time in accordance with Section 5.03), the Guarantee and Collateral Agreement shall constitute a fully perfected Lien
    on, and security interest in, all right, title and interest of the Loan Parties in such Collateral and the proceeds thereof, as
    security for the Obligations to the extent perfection can be obtained by filing Uniform Commercial Code financing statements, or
    in the case of Pledged Shares, by possession or control, in each case prior and superior in right to any other Person (except,
    in the case of Collateral other than Pledged Shares, Liens permitted by Section 6.02(a)).

   

  
  
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  (b)          When
    the Guarantee and Collateral Agreement or short form security agreements with respect thereto are properly filed in the United
    States Patent and Trademark Office and the United States Copyright Office, and, with respect to Collateral in which a security
    interest cannot be perfected by such filings, upon the proper filing of the financing statements referred to in paragraph (a) above,
    the Guarantee and Collateral Agreement and such financing statements shall constitute a fully perfected (if and to the extent required
    to be perfected pursuant to the Guarantee and Collateral Agreement) Lien on, and security interest in, all right, title and interest
    of the grantors thereunder in the relevant Intellectual Property (as defined in the Guarantee and Collateral Agreement), in each
    case prior and superior in right to any other Person (it being understood that subsequent recordings in the United States Patent
    and Trademark Office and the United States Copyright Office may be necessary to perfect a lien on registered trademarks and patents,
    trademark and patent applications and registered copyrights acquired by the grantors after the Closing Date).

   

  (c)          The
    Mortgages entered into after the Closing Date pursuant to Sections 5.12 or 5.14, when entered shall be effective to create in favor
    of the Administrative Agent, for the ratable benefit of the Secured Parties, a legal, valid and enforceable Lien on all of the
    Loan Parties’ right, title and interest in and to the Mortgaged Property thereunder and the proceeds thereof, and when such
    Mortgages are filed in the proper real estate filing offices, such Mortgages shall constitute a fully perfected Lien on, and security
    interest in, all right, title and interest of the Loan Parties in such Mortgaged Property and the proceeds thereof, in each case
    prior and superior in right to any other Person, other than with respect to the rights of Person pursuant to Liens expressly permitted
    by Section 6.02(a).

   

  Section 3.18.         Liens.
    There are no Liens of any nature whatsoever on any properties of Holdings or any of its Subsidiaries other than Permitted Encumbrances
    and Liens permitted by Section 6.02.

   

  Section 3.19.         Use
      of Proceeds. The proceeds of the Loans shall be used for the purposes set forth in Section 2.05. No portion of the proceeds
    of any Loan shall be used in any manner, whether directly or indirectly, that causes or could reasonably be expected to cause,
    such Loan or the application of such proceeds to violate Regulation T, Regulation U or Regulation X of the Board of Governors or
    any other regulation thereof or to violate the Exchange Act.

   

  Section 3.20.         Indebtedness.
    Except as set forth in Schedule 6.01, after giving effect to the Transactions, the Loan Parties do not have any Indebtedness for
    borrowed money outstanding in excess of $5,000,000 in the aggregate on the Closing Date.

   

  Section 3.21.         Bank
      Accounts. Schedule 3.21 sets forth the true, correct and complete account numbers and location of all of the bank accounts
    of the Loan Parties as of the Closing Date.

   

  ARTICLE IV

   

  CONDITIONS

   

  Section 4.01.         Effectiveness
      of Agreement. The effectiveness of this Agreement and the obligation of each Lender to make a Loan on the Closing Date are
    subject to satisfaction, or waiver in accordance with Section 9.02, of the following conditions on or before the Closing Date:

   

  (a)          Loan
      Documents. The Administrative Agent and the Lenders shall have received (i) this Agreement, executed and delivered by the Borrower,
    the Administrative Agent and the Lenders and (ii) an executed Guarantee and Collateral Agreement substantially in the form of Exhibit
      B hereto from each Loan Party.

   

  (b)          [Reserved].

   

  (c)          [Reserved].

   

  
  
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  (d)          Indebtedness.
    The Required Lenders shall be reasonably satisfied that, on the Closing Date, after giving effect to the Transactions, Holdings
    and its Subsidiaries shall have outstanding no existing Indebtedness (including Indebtedness outstanding under the Existing Credit
    Agreement but excluding Indebtedness expressly permitted to be outstanding under this Agreement) and the Administrative Agent and
    the Lenders shall have received evidence of the termination of any existing Indebtedness (including any and all commitments relating
    thereto, but excluding any existing Indebtedness expressly permitted to be outstanding under this Agreement) and the release of
    all Liens in connection therewith.

   

  (e)          Lien
      and Judgment Searches. The Administrative Agent and the Required Lenders shall have received (i) UCC, tax and judgment lien
    searches and other appropriate evidence evidencing the absence of any other liens or mortgages on the Collateral other than Liens
    that have been satisfied and discharged in the manner contemplated by the refinancing and Permitted Encumbrances and other existing
    liens acceptable to the Required Lenders in their sole discretion and (ii) searches of ownership of Intellectual Property in the
    appropriate governmental offices and such patent, Mark and/or copyright filings as may be requested by the Required Lenders, solely
    to the extent necessary or reasonably advisable in good faith as determined by the Required Lenders to perfect the Administrative
    Agent’s security interest in Intellectual Property Collateral.

   

  (f)           [Reserved].

   

  (g)          Fees.
    The Lenders (including attorneys’ fees of Milbank, Tweed, Hadley & McCloy LLP) and the Administrative Agent shall have
    received all fees required to be paid (including, in the case of the Administrative Agent, those payable on such date under the
    Agent Fee Letter), and all expenses required to be for which reasonably detailed invoices have been presented, on or before the
    Closing Date.

   

  (h)          No
      Actions. There shall be no action, suit, investigation or proceeding pending or, to the knowledge of the Borrower, threatened
    in writing in any court or before any arbitrator or Governmental Authority that could reasonably be expected to (x) have a material
    adverse effect on the business, assets, properties, liabilities (actual and contingent), operations or condition (financial or
    otherwise) of the Loan Parties and their respective Subsidiaries, taken as a whole, (y) adversely affect the ability of any Loan
    Party to perform its obligations under the Loan Documents or (z) adversely affect the rights and remedies of the Agent or the Lenders
    under the Loan Documents.

   

  (i)           Know
      Your Customer Information. The Administrative Agent and each requesting Lender shall have received no later than two Business
    Days prior to the Closing Date all documentation and other information reasonably requested in writing by the Administrative Agent
    or such Lender, as applicable, at least ten days prior to the Closing Date in order to allow the Administrative Agent and such
    Lender to comply with applicable “know your customer” and anti-money laundering rules and regulations, including without
    limitation the USA Patriot Act.

   

  (j)           Historical
      Financial Statements. The Administrative Agent and the Lenders shall have received the Historical Financial Statements.

   

  (k)          Closing
      Certificates. The Administrative Agent and the Lenders shall have received and the Required Lenders shall be satisfied with
    (x) a certificate of an authorized officer of each Loan Party, dated the Closing Date, with appropriate insertions and attachments
    including (i) the certificate of incorporation or formation, as applicable, of such Person, as applicable, certified by the relevant
    authority of the jurisdiction of organization of such Person, as applicable, (ii) a complete copy of resolutions adopted by the
    Governing Board of such Person authorizing the execution, delivery and performance in accordance with their respective terms of
    the Loan Documents to which such Person is a party and any other documents required or contemplated hereunder and (iii) a good
    standing certificate of such Person, as applicable, from its jurisdiction of organization, (y) a Closing Date Certificate signed
    by the president, a vice president or a Financial Officer of the Borrower confirming that the conditions in Sections 4.01(o) and
    4.01(q) have been satisfied, as applicable and (z) a perfection certificate signed by the president, a vice president or a Financial
    Officer of the Borrower in form satisfactory to the Required Lenders, together with all schedules and attachments contemplated
    thereby.

   

  
  
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  (l)           Legal
      Opinions. The Administrative Agent and the Lenders shall have received the legal opinion of Weil, Gotshal & Manges LLP,
    counsel to Holdings and its Subsidiaries in form and substance satisfactory to the Required Lenders.

   

  (m)         Pledged
      Stock; Stock Powers; Pledged Notes. To the extent not previously delivered, the Agent (on behalf of the Lenders) shall have
    received (i) the certificates or other instruments representing all outstanding Equity Interests of each Subsidiary owned by or
    on behalf of any Loan Party pledged pursuant to the Guarantee and Collateral Agreement, together with stock powers or other instruments
    of transfer with respect thereto endorsed in blank and (ii) each promissory note pledged and required to be delivered to the Agent
    pursuant to the Guarantee and Collateral Agreement, together with note powers or other instruments of transfer with respect thereto
    endorsed in blank.

   

  (n)          Filings,
      Registrations and Recordings. All documents and instruments, including Uniform Commercial Code financing statements, required
    by law or reasonably requested by the Required Lenders to be filed, registered or recorded to create the Liens intended to be created
    by the Guarantee and Collateral Agreement and perfect such Liens to the extent required by, and with the priority required by,
    the Guarantee and Collateral Agreement, shall have been executed and be in proper form for filing, subject only to exceptions satisfactory
    to the Required Lenders and the Collateral and Guarantee Requirement shall have otherwise been satisfied.

   

  (o)          Representations
      and Warranties. The representations and warranties of each Loan Party set forth in the Loan Documents shall be true and correct
    in all material respects (except to the extent already qualified as to materiality in which case such representations and warranties
    shall be true in all respects) 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 in all material respects
    (except to the extent already qualified as to materiality in which case such representations and warranties shall be true in all
    respects) on and as of such earlier date).

   

  (p)          [Reserved].

   

  (q)          No
      Default. No Default or Event of Default shall have occurred and be continuing as of the Closing Date.

   

  (r)          [Reserved].

   

  (s)          Insurance.
    The Administrative Agent and the Lenders shall have received a certificate from the applicable Loan Party’s insurance broker
    or other evidence satisfactory to the Required Lenders that all insurance required to be maintained pursuant to Section 5.07 is
    in full force and effect, together with evidence that the Administrative Agent has been named as loss payee and additional insured
    on all general liability and property insurance policies set forth on Schedule 3.14.

   

  (t)          Solvency
      Certificate. The Administrative Agent and the Lenders shall have received a Solvency Certificate, in form and substance reasonably
    satisfactory to the Required Lenders, executed by an authorized officer of Holdings, dated the Closing Date, certifying that, on
    the Closing Date, after giving effect to the Transactions, Holdings and its Subsidiaries, on a consolidated basis, taken as a whole,
    are Solvent.

   

  For purposes of determining whether the conditions
    specified in this Section 4.01 have been satisfied on the Closing Date, by funding the Loans hereunder, the Administrative Agent
    and each Lender that has executed this Agreement (or an Assignment and Assumption) shall be deemed to have consented to, approved
    or accepted, or to be satisfied with, each document or other matter required hereunder to be consented to or approved by or acceptable
    or satisfactory to the Administrative Agent or such Lender, as the case may be.

   

  
  
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  ARTICLE V

   

  AFFIRMATIVE COVENANTS

   

  Until the principal of and
    interest on each Loan and all fees and other Obligations payable hereunder shall have been Paid in Full in cash, Holdings and the
    Borrower covenants and agrees with the Lenders that:

   

  Section 5.01.         Financial
      Statements and Other Information. Holdings will furnish to the Administrative Agent and each Lender:

   

  (a)          within
    120 days after the end of each fiscal year of Borrower ending after the Closing Date, a true and complete copy of the audited consolidated
    balance sheet of Borrower and its Subsidiaries as at the end of such fiscal year, and the related consolidated statements of income
    or operations, changes in Stockholders’ Equity and cash flows for such fiscal year, setting forth in each case in comparative
    form the figures for the previous fiscal year, all in reasonable detail and prepared in accordance with GAAP, audited and accompanied
    by a report and opinion of an independent certified public accountant of nationally recognized standing, which report and opinion
    shall be prepared in accordance with generally accepted auditing standards and shall not be subject to any “going concern”
    or like qualification (other than with respect to, or expressly resulting solely from (i) the upcoming maturity date for the Loans
    under this Agreement or (ii) any actual or potential inability to satisfy the financial covenant under Section 6.14 on a future
    date or in a future period) or qualification as to the scope of such audit (except for qualifications relating to changes in accounting
    principles or practices reflecting changes in GAAP and required or approved by such independent certified public accountants; provided
    that if Holdings switches from one independent public accounting firm to another, the audit report of any such new accounting firm
    may contain a qualification or exception as to the scope of such consolidated or consolidating financial statements that relate
    to any fiscal year prior to its retention which, for the avoidance of doubt, shall have been the subject of an audit report of
    the previous accounting firm meeting the criteria set forth above) and a “Management’s Discussion and Analysis of Financial
    Condition and Results of Operations” with respect to such financial statements, certified by the chief executive officer,
    chief financial officer, treasurer or controller of Borrower as fairly presenting, in all material respects, the financial condition,
    results of operations, Stockholders’ Equity and cash flows of Borrower and its Subsidiaries on a consolidated basis in accordance
    with GAAP;

   

  (b)          within
    60 days after the end of each of the first three fiscal quarters of each fiscal year of Borrower, a consolidated balance sheet
    of Borrower and its Subsidiaries, as at the end of such fiscal quarter, the related consolidated statements of income or operations
    for such fiscal quarter and for the portion of Borrower’s fiscal year then ended, and the related consolidated statements
    of changes in Stockholders’ Equity and cash flows for the portion of Borrower’s fiscal year then ended, in each case
    setting forth in comparative form, as applicable, the figures for the corresponding fiscal quarter of the previous fiscal year
    and the corresponding portion of the previous fiscal year, all in reasonable detail, and a reasonably detailed narrative discussion
    of the changes in Borrower’s financial condition and results of operations compared with the prior periods presented, which
    need not be as fulsome as the “Management’s Discussion and Analysis of Financial Condition and Results of Operations”
    presented in connection annual reports pursuant to clause (a) above, certified by the chief executive officer, chief financial
    officer, treasurer or controller of Borrower as fairly presenting, in all material respects, the financial condition, results of
    operations, Stockholders’ Equity and cash flows of Borrower and its Subsidiaries in accordance with GAAP, subject only to
    normal year-end audit adjustments and the absence of footnotes;

   

  (c)          [reserved];

   

  (d)          concurrently
    with any delivery of financial statements under clause (a) or (b) above, a certificate of a Financial Officer of Holdings (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, (ii) setting forth reasonably detailed calculations demonstrating compliance with Section 6.14,
    (iii) stating whether any change in GAAP or in the application thereof has occurred since the Closing Date that has had an effect
    on the financial statements accompanying such certificate and specifying any such change and the related effect, (iv) identifying
    any Subsidiary of the Loan Parties formed or acquired since the end of the previous fiscal quarter, (v) identifying any parcels
    of real property or improvements thereto with a value exceeding $5,000,000 that have been acquired by the Loan Parties since the
    end of the previous fiscal quarter, (vi) identifying any changes of the type described in Section 5.03(a) that have not been previously
    reported by Holdings, (vii) identifying any Permitted Acquisition or other acquisitions of going concerns that have been consummated
    since the end of the previous fiscal quarter, including the date on which each such acquisition or Investment was consummated and
    the consideration therefor, (viii) identifying any material Intellectual Property (as defined in the Guarantee and Collateral Agreement)
    with respect to which a notice is required to be delivered under the Guarantee and Collateral Agreement and has not been previously
    delivered, (ix) identifying any Prepayment Events that have occurred since the end of the previous fiscal quarter and setting forth
    a reasonably detailed calculation of the Net Proceeds received from any such Prepayment Events, (x) identifying any change in the
    locations at which equipment and inventory, in each case with a value in excess of $5,000,000, are located, if not owned by the
    Loan Parties, and (xi) attaching a schedule setting forth a computation (and any utilization by the Borrower) of Excess Cash Flow
    and the Borrower’s Excess Cash Flow Amount for the relevant fiscal quarter, each as of the end of the period covered by such
    financial statements;

   

  
  
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  (e)          [reserved];

   

  (f)           within
    60 days after the commencement of each fiscal year of Holdings, a detailed consolidated budget for such fiscal year (including
    a projected consolidated balance sheet and related statements of projected operations and cash flow as of the end of and for such
    fiscal year and setting forth the assumptions used for purposes of preparing such budget, in form reasonably satisfactory to the
    Required Lenders it being agreed that the form previously delivered to the Required Lenders prior to the Closing Date is acceptable),
    promptly when available, any material significant revisions of such budget;

   

  (g)          within
    (i) 30 days after the end of each of the first three fiscal quarters of Holdings and (ii) 45 days after the end of the fourth fiscal
    quarter of Holdings, the key performance indicators for such fiscal quarters set forth on Schedule 5.01(g) hereto, in the form
    set forth therein;

   

  (h)          promptly
    following any request therefor, such other information regarding the operations, business affairs and financial condition of the
    Loan Parties, or compliance with the terms of any Loan Document, as the Administrative Agent (including on behalf of any Lender)
    may reasonably request;

   

  (i)           promptly
    following receipt thereof, copies of any documents described in Sections 101(k) or 101(l) of ERISA that any Loan Party or any ERISA
    Affiliate may request with respect to any Multiemployer Plan; provided, that if the Loan Parties or any of their ERISA Affiliates
    have not requested such documents or notices from the administrator or sponsor of the applicable Multiemployer Plan, then, upon
    request of the Administrative Agent (as the request of any Lender), the Loan Parties and/or their ERISA Affiliates shall promptly
    make a request for such documents or notices from such administrator or sponsor and the Borrower shall provide copies of such documents
    and notices to the Administrative Agent (on behalf of each requesting Lender) promptly after receipt thereof; provided,
    further, that the rights granted to the Administrative Agent in this section shall be exercised not more than once during
    a 12-month period;

   

  (j)           within
    (i) 45 days after the end of each of the first three fiscal quarters of Holdings and (ii) 60 days after the end of the fourth fiscal
    quarter of Holdings, a Financial Officer of Holdings shall host a telephone conference call for the Lenders to review and discuss
    Holdings’ financial performance and most recent key performance indicators; and

   

  (k)          concurrently
    with any delivery of financial statements under clause (a) or (b) above, a statement of changes in the intercompany balances of
    the Loan Parties in form and substance reasonably satisfactory to the Required Lenders.

   

  
  
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  Section 5.02.         Notices
      of Material Events. The Borrower will furnish to the Administrative Agent and each Lender written notice of the following promptly
    after any Financial Officer or executive officer of the Borrower or any Subsidiary obtains knowledge thereof:

   

  (a)          (i)
    the occurrence of any Default or (ii) the receipt of any notice under the ABL Credit Agreement claiming that a Default (as defined
    therein) or borrowing base deficiency has occurred and is continuing;

   

  (b)          the
    filing or commencement of any action, suit or proceeding by or before any arbitrator or Governmental Authority against or affecting
    the Loan Parties or, to the knowledge of the Loan Parties, any Affiliate thereof that involves (i) a reasonable possibility of
    an adverse determination and which, if adversely determined, could reasonably be expected to result in a Material Adverse Effect
    or (ii) which directly relates to the Loan Documents and could have an adverse effect on the rights or obligations of the Loan
    Parties thereunder;

   

  (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 results in, or could reasonably be expected to result in, a Material Adverse Effect.

   

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

   

  Section 5.03.         Information
      Regarding Collateral. (a) The Borrower will furnish to the Administrative Agent prompt written notice of any change (i) in
    the legal name of any of the Loan Parties, as reflected in its organization documents, (ii) in jurisdiction of organization or
    corporate structure of any of the Loan Parties and (iii) in the identity, Federal Taxpayer Identification Number or organization
    number of any of the Loan Parties, if any, assigned by the jurisdiction of its organization. The Borrower agrees not to effect
    or permit any change referred to in clauses (i) through (iii) of the preceding sentence unless all filings have been made under
    the Uniform Commercial Code or otherwise that are required in order for the Agent to continue at all times following such change
    to have a valid, legal and perfected security interest in all the Collateral of the Loan Parties for the benefit of the Secured
    Parties. The Borrower also agrees promptly to notify the Administrative Agent if any damage to or destruction of Collateral of
    the Loan Parties that is uninsured and has a fair market value exceeding $5,000,000 occurs.

   

  (b)          Each
    year, at the time of delivery of annual financial statements with respect to the preceding fiscal year pursuant to clause (a) of
    Section 5.01, the Borrower shall deliver to the Administrative Agent a certificate of a Financial Officer and the chief legal officer
    of the Borrower certifying that all Uniform Commercial Code financing statements (including fixture filings, as applicable) or
    other appropriate filings, recordings or registrations, including all refilings, rerecordings and reregistrations, containing a
    description of the Collateral and required pursuant to the Loan Documents to be filed, have been filed of record in each governmental,
    municipal or other appropriate office in each jurisdiction necessary to protect and perfect the security interests under the Guarantee
    and Collateral Agreement for a period of not less than 18 months after the date of such certificate (except as noted therein with
    respect to any continuation statements to be filed within such period).

   

  Section 5.04.         Existence;
      Conduct of Business. Holdings will, and will cause each of its Subsidiaries to, do or cause to be done all things necessary
    to preserve, renew and keep in full force and effect its legal existence and the rights, contracts, licenses, permits, privileges
    and franchises material to the conduct of its business; provided, that the foregoing shall not prohibit any merger, consolidation,
    liquidation or dissolution permitted under Section 6.03 or any sale of assets permitted under Section 6.05.

   

  Section 5.05.         Payment
      of Obligations. Holdings will, and will cause each of its Subsidiaries to, pay its material Indebtedness and other material
    obligations, including Tax liabilities, before the same shall become delinquent or in default, except where (a) the validity or
    amount thereof is being contested in good faith by appropriate proceedings and (b) Holdings or such Subsidiary has set aside on
    its books adequate reserves with respect thereto in accordance with GAAP.

   

  
  
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  Section 5.06.         Maintenance
      of Properties. Holdings will, and will cause each of its Subsidiaries to, keep and maintain all property (other than Intellectual
    Property) material to the conduct of its business in good working order and condition, ordinary wear and tear excepted. Holdings
    will, and will cause each of its Subsidiaries to, subject to its and their reasonable business judgment, take all actions to maintain
    all registrations and applications with respect to material Intellectual Property owned by any of them.

   

  Section 5.07.         Insurance.
    Holdings will, and will cause each of its Subsidiaries to, maintain, with financially sound and reputable insurance companies (a)
    insurance in such amounts (with no greater risk retention) and against such risks as are customarily maintained by companies of
    established repute engaged in the same or similar businesses operating in the same or similar locations and (b) all insurance required
    to be maintained pursuant to the Security Documents. Holdings will furnish to the Lenders, upon request of the Administrative Agent
    made at the direction of the Required Lenders, information in reasonable detail as to the insurance so maintained.

   

  Section 5.08.         Casualty
      and Condemnation. The Borrower (a) will furnish to the Administrative Agent and the Lenders prompt written notice of any casualty
    or other insured damage to any Collateral of the Loan Parties fairly valued at more than $5,000,000 or the commencement of any
    action or proceeding for the taking of any Collateral of the Loan Parties or any material part thereof or material interest therein
    under power of eminent domain or by condemnation or similar proceeding and (b) will ensure that the Net Proceeds of any such event
    (whether in the form of insurance proceeds, condemnation awards or otherwise) are collected and applied in accordance with the
    applicable provisions of the Security Documents and this Agreement.

   

  Section 5.09.         Books
      and Records; Inspection and Audit Rights. Holdings will, 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 permit the Administrative Agent or its representatives (at the direction of Lenders holding a majority in principal
    amount of the Loans), upon reasonable prior notice, to visit and make reasonable inspection of its properties, to make a reasonable
    examination of its books and records relating to the Loans, and to discuss in good faith on a reasonable basis its affairs, finances
    and condition as they relate to the Loans with officers of the Borrower.

   

  Section 5.10.         Compliance
      with Laws. Holdings will, and will cause each of its Subsidiaries to, comply with all laws, rules, regulations, including Environmental
    Laws, and orders of any Governmental Authority applicable to it, its operations or its property, except where the failure to do
    so, individually or in the aggregate, could not reasonably be expected to result in a Material Adverse Effect.; provided, however,
    that this provision shall not apply to compliance with Anti-Corruption Laws, Anti-Money Laundering Laws and Sanctions, which compliance
    is addressed in Section 5.13 below.

   

  Section 5.11.         Additional
      Subsidiaries. If any additional Subsidiary of the Loan Parties is formed or acquired after the Closing Date, the Borrower will,
    within three Business Days after such Subsidiary is formed or acquired, notify the Administrative Agent and the Lenders thereof
    and, within 15 Business Days (or such longer period as the Required Lenders shall agree) after such Subsidiary is formed or acquired,
    cause any applicable provisions of the Collateral and Guarantee Requirement to be satisfied with respect to such Subsidiary and
    with respect to any Equity Interest in or Indebtedness of such Subsidiary owned by or on behalf of the Loan Parties.

   

  Section 5.12.         Further
      Assurances. (a) The Borrower will, and will cause each other Loan Party to, execute any and all further documents, financing
    statements, agreements and instruments, and take all such further actions (including the filing and recording of financing statements,
    fixture filings, Mortgages and other documents), that may be required under any applicable law, or that the Administrative Agent
    or the Required Lenders may reasonably request, to cause all provisions of the Collateral and Guarantee Requirement applicable
    to the Loan Parties to be and remain satisfied, all at the expense of the Loan Parties; provided, that such provisions of
    the Collateral and Guarantee Requirement need not be satisfied with respect to (i) any real property acquired by the Loan Parties
    after the Closing Date with an individual fair market value (including fixtures and improvements) that is less than $5,000,000
    and (ii) any real property held by the Loan Parties as a lessee under a lease. The Borrower also agrees to provide to the Administrative
    Agent, from time to time upon request, evidence reasonably satisfactory to the Required Lenders as to the perfection and priority
    of the Liens created or intended to be created by the Security Documents.

   

  
  
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  (b)          If
    any material asset (including any fee interest in real property or improvements thereto or any interest therein) that has an individual
    fair market value of more than $5,000,000 is acquired by the Loan Parties after the Closing Date or owned by an entity at the time
    it becomes a Loan Party (in each case other than assets constituting Collateral under the Guarantee and Collateral Agreement that
    become subject to the Lien of the Guarantee and Collateral Agreement upon acquisition thereof), the Borrower will notify the Administrative
    Agent and the Lenders thereof, and, if requested by the Administrative Agent at the direction of the Required Lenders, the Borrower
    will cause such asset to be subjected to a Lien securing the Obligations and will take, and cause the Loan Parties to take, such
    actions as shall be necessary or reasonably requested by the Required Lenders to grant and perfect such Liens, including actions
    described in paragraph (a) of this Section, all at the expense of the Loan Parties; provided, that the Collateral and Guarantee
    Requirement need not be satisfied with respect to (i) any real property acquired by the Loan Parties after the Closing Date with
    an individual fair market value (including fixtures and improvements) that is less than $5,000,000, (ii) any real property held
    by any of the Loan Parties as a lessee under a lease and (iii) other assets with respect to which the Required Lenders determine
    that the cost or impracticability of including such assets as Collateral would be excessive in relation to the benefits to the
    Secured Parties.

   

  Section 5.13.        Anti-Bribery,
      Anti-Corruption and Anti-Money Laundering Laws; Sanctions. The Borrower shall: (i) comply with, and ensure that its Subsidiaries
    comply with, Anti-Corruption Laws, Anti-Money Laundering Laws and Sanctions; and (ii) continue to implement, maintain and enforce
    policies and procedures designed to promote and achieve compliance by the Borrower and its Subsidiaries and their respective directors,
    officers, employees and agents, with applicable Anti-Corruption Laws, Anti-Money Laundering Laws and Sanctions; and (iii) not,
    directly or indirectly, use the proceeds of any Loan, or lend, contribute or otherwise make available such proceeds to any subsidiary,
    joint venture partner or other Person, (A) to fund any activities or business of or with Sanctioned Person, except as permitted
    under applicable Sanctions, or (B) in any other manner that would constitute or give rise to a violation of Sanctions by any Person,
    including the Administrative Agent or any Lender.

   

  Section 5.14.         Post-Closing
      Matters. Each of the Loan Parties shall satisfy the requirements set forth on Schedule 5.14 on or before the date specified
    for such requirement or such later date to be reasonably determined by the Required Lenders.

   

  ARTICLE VI

   

  NEGATIVE COVENANTS

   

  Until the principal of and
    interest on each Loan and all fees and other Obligations payable hereunder shall have been Paid in Full, the Borrower covenants
    and agrees with the Lenders that:

   

  Section 6.01.         Indebtedness;
      Certain Equity Securities. (a) Holdings will not, and will not permit any Subsidiary to, create, incur, assume or permit to
    exist any Indebtedness or any Attributable Debt, except (collectively, “Permitted Indebtedness”):

   

  (i)          Indebtedness
    created under the Loan Documents;

   

  (ii)         Indebtedness
    existing on the Closing Date and set forth in Schedule 6.01 and Refinancing Indebtedness in respect thereof;

   

  
  
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  (iii)        Indebtedness
    of Holdings to any Subsidiary and of any Subsidiary to Holdings or any other Subsidiary; provided that any indebtedness
    from a Loan Party to a Non-Loan Party Subsidiary shall comply with Section 6.04 hereof;

   

  (iv)        Guarantees
    by Holdings and the Borrower of Indebtedness of any Loan Party and by any Subsidiary of Indebtedness of the Borrower or any Loan
    Party;

   

  (v)         Indebtedness
    and Attributable Debt of Holdings or any Subsidiary incurred to finance the acquisition, construction or improvement of any fixed
    or capital assets, including Capital Lease Obligations and any Indebtedness assumed in connection with the acquisition of any such
    assets or secured by a Lien on any such assets prior to the acquisition thereof, and extensions, renewals, refinancings and replacements
    of any such Indebtedness that do not increase the outstanding principal amount thereof (other than by an amount not greater than
    fees and expenses, including premium and defeasance costs, associated therewith) or result in a decreased average weighted life
    thereof; provided that (1) such Indebtedness or Attributable Debt is incurred prior to or within 90 days after such acquisition
    or the completion of such construction or improvement and (2) the aggregate principal amount of Indebtedness and Attributable Debt
    permitted by this clause (v), shall not exceed $30,000,000 at any time outstanding;

   

  (vi)        Indebtedness
    of any Person that becomes a Subsidiary after the Closing Date and Refinancing Indebtedness in respect thereof; provided
    that (A) such Indebtedness (other than Refinancing Indebtedness) exists at the time such Person becomes a Subsidiary and is not
    created in contemplation of or in connection with such Person becoming a Subsidiary (except to the extent such Indebtedness refinanced
    other Indebtedness to facilitate such entity becoming a Subsidiary) and (B) the aggregate principal amount of Indebtedness permitted
    by this clause (vi) shall not exceed $50,000,000 at any time outstanding;

   

  (vii)       Indebtedness
    in an amount not to exceed $15,000,000 at any time outstanding of Holdings or any Subsidiary required in connection with cash management
    services and arrangements (other than pursuant to, or in connection with, the ABL Credit Agreement);

   

  (viii)      Indebtedness
    under the ABL Credit Agreement in an aggregate principal amount not to exceed the Permitted ABL Amount at any time outstanding;

   

  (ix)         Indebtedness
    not otherwise permitted hereunder in an amount not to exceed $20,000,000 at any one time outstanding;

   

  (x)          endorsement
    of instruments or other payment items for deposit in the ordinary course of business;

   

  (xi)         Indebtedness
    owed to any Person providing property, casualty, liability, or other insurance to any Borrower or any of its Subsidiaries, so long
    as the amount of such Indebtedness is not in excess of the amount of the unpaid cost of, and shall be incurred only to defer the
    cost of, such insurance for the year in which such Indebtedness is incurred and such Indebtedness is outstanding only during such
    year;

   

  (xii)        contingent
    liabilities in respect of any indemnification obligation, adjustment of purchase price, non-compete, earn-out or similar obligation
    of any Loan Party or any of its Subsidiaries that are subordinated to the Loans on terms satisfactory to the Required Lenders incurred
    in connection with the consummation of one or more Permitted Acquisitions;

   

  
  
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  (xiii)       Indebtedness
    consisting of Permitted Investments;

   

  (xiv)      unsecured
    Indebtedness incurred in respect of netting services, overdraft protection, and other like services, in each case, incurred in
    the ordinary course of business;

   

  (xv)       [reserved];
    and

   

  (xvi)      Permitted
    Unsecured Indebtedness in an aggregate principal amount not to exceed $500,000,000 at any time outstanding.

   

  (b)          Holdings
    will not, nor will it permit any Subsidiary to, issue any preferred stock or other preferred Equity Interests, other than (i) preferred
    Equity Interests that are not redeemable at the election of the holder thereof (other than in connection with an event that would
    constitute a Change in Control) prior to the Maturity Date and (ii) preferred Equity Interests issued in lieu of Indebtedness permitted
    pursuant to clause (a) above upon delivery by the Borrower to the Administrative Agent of a written notice that such Equity Interests
    shall, for purposes of this Agreement, count as Indebtedness for all purposes hereunder, including incurrence pursuant to Section
    6.01 and calculation of the Leverage Ratio; provided that in the case of either clause (i) or clause (ii) hereof, no payments
    or other distributions shall be permitted on such preferred stock other than in accordance with Section 6.08;

   

  Section 6.02.         Liens.
    (a) Holdings 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 of any thereof, except:

   

  (i)          Liens
    created under the Loan Documents;

   

  (ii)         Permitted
    Encumbrances;

   

  (iii)        any
    Lien existing on the Closing Date and set forth on Schedule 6.02 on any property or asset of Holdings or any Subsidiary; provided
    that (A) such Lien shall not apply to any other property or asset of Holdings or any Subsidiary and (B) such Lien shall secure
    only those obligations which it secures on the Closing Date and extensions, renewals, refinancings and replacements thereof that
    do not increase the outstanding principal amount thereof or result in an earlier maturity date or decreased weighted average life
    thereof;

   

  (iv)        any
    Lien existing on any property or asset prior to the acquisition thereof by Holdings 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 (A) 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, (B) such Lien shall not apply to any other property or assets of Holdings or any Subsidiary and (C) 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, refinancings and replacements thereof that do not increase the outstanding principal
    amount thereof (other than by an amount not in excess of fees and expenses, including premium and defeasance costs, associated
    therewith) or result in a decreased average weighted life thereof;

   

  (v)         Liens
    on fixed or capital assets acquired, constructed or improved by Holdings or any Subsidiary; provided that (A) such Liens
    secure Indebtedness permitted by clause (v) of Section 6.01(a), (B) such Liens and the Indebtedness secured thereby are incurred
    prior to or within 90 days after such acquisition or the completion of such construction or improvement, (C) the Indebtedness secured
    thereby does not exceed the cost of acquiring, constructing or improving such fixed or capital assets and (D) such Liens shall
    not apply to any other property or assets of Holdings or any Subsidiary;

   

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

   

  (vii)       Liens
    on cash collateral and deposit accounts maintained by the lienholder as depository bank to secure Indebtedness incurred pursuant
    to Section 6.01(a)(vii);

   

  (viii)      Liens
    on the Collateral securing Indebtedness incurred pursuant to Section 6.01(a)(viii), provided that such Liens are subject
    at all times to the Intercreditor Agreement;

   

  (ix)         (i)
    Liens not otherwise permitted by this Section 6.02 securing obligations other than Indebtedness and (ii) involuntary Liens not
    otherwise permitted by this Section 6.02, which in the case of clauses (i) and (ii) hereof, are in an aggregate amount not in excess
    of $20,000,000 at any time outstanding;

   

  (x)          Liens
    solely on any cash earnest money deposits made by Holdings or any of its Subsidiaries in connection with any letter of intent or
    purchase agreement with respect to a Permitted Acquisition;

   

  (xi)         precautionary
    UCC-1 financing statement filings that are filed by lessors with respect to operating leases entered into by the Loan Parties in
    the ordinary course of business; and

   

  (xii)        Liens
    or rights of setoff against credit balances of the Loan Parties with credit card issuers or credit card processors, or amounts
    owing by such credit card issuers or credit card processors to the Loan Parties in the ordinary course of business, but not Liens
    on or rights of setoff against any other property or assets of the Loan Parties, pursuant to applicable credit card agreements
    to secure the obligations of the Loan Parties to such credit card issuers or credit card processors as a result of fees and chargebacks.

   

  Section 6.03.         Fundamental
      Changes. (a) Holdings will not, nor will it permit any Subsidiary to, merge into or consolidate with any other Person, or permit
    any other Person to merge into or consolidate with it, or liquidate, wind up or dissolve, except that, if at the time thereof and
    immediately after giving effect thereto no Default shall have occurred and be continuing, (i) any Subsidiary may merge into the
    Borrower in a transaction in which the Borrower is the surviving entity, (ii) any Subsidiary may merge into any Subsidiary in a
    transaction in which the surviving entity is a wholly-owned Subsidiary and, if any party to such merger is a Loan Party, a Loan
    Party, (iii) any Subsidiary may merge or consolidate with any other Person in order to effect a Permitted Acquisition or an asset
    disposition permitted pursuant to Section 6.05 and (iv) any Subsidiary (other than the Borrower) may liquidate or dissolve if the
    Borrower determines in good faith that such liquidation or dissolution is in the best interests of the Borrower and is not materially
    disadvantageous to the Lenders.

   

  (b)          Holdings
    will not, and will not permit any of its Subsidiaries to, engage to any material extent in any business other than a Permitted
    Business.

   

  (c)          Holdings
    shall have no direct Subsidiaries other than the Borrower.

   

  Section 6.04.         Investments,
      Loans, Advances, Guarantees and Acquisitions. Holdings will not, and will not permit any of its Subsidiaries to, make, purchase,
    hold or acquire (including pursuant to any merger with any Person that was not a wholly owned Subsidiary prior to such merger)
    any Investment, except:

   

  (a)          Permitted
    Investments;

   

  (b)          Investments
    existing on the Closing Date and set forth on Schedule 6.04, but not any increases thereto;

   

  
  
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  (c)          Investments
    by Holdings and its Subsidiaries in Equity Interests in Subsidiaries that are Loan Parties immediately prior to the time of such
    Investments;

   

  (d)          loans
    or advances made by any Loan Party to any other Loan Party and made by any Subsidiary to the Borrower or any Loan Party;

   

  (e)          Guarantees
    constituting Indebtedness permitted by Section 6.01;

   

  (f)           Investments
    (including debt obligations and equity securities) received in connection with the bankruptcy or reorganization of, or settlement
    of delinquent accounts and disputes with, customers and suppliers, in each case in the ordinary course of business;

   

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

   

  (h)          Investments
    consisting of non-cash consideration received in respect of sales, transfers or other dispositions of assets to the extent permitted
    by Section 6.05;

   

  (i)           loans
    and advances by Holdings and any of its Subsidiaries to their employees in the ordinary course of business and for bona fide business
    purposes in an aggregate amount at any time outstanding not in excess of $2,500,000;

   

  (j)           [reserved];

   

  (k)          Permitted
    Acquisitions in an aggregate amount not to exceed $20,000,000 in the aggregate for all such acquisitions during the term of this
    Agreement;

   

  (l)           other
    Investments that do not exceed the Available Amount at the time of such Investments and with respect to which Investments the Available
    Amount Conditions have been satisfied;

   

  (m)         Swap
    Agreements entered into in compliance with Section 6.07;

   

  (n)          Investments
    consisting of Indebtedness permitted by Section 6.01(a)(iii); provided that all Indebtedness from a Loan Party to a Non-Loan
    Party Subsidiary shall be limited to $10,000,000 at any time outstanding and any Indebtedness owing by a Loan Party to a Non-Loan
    Party Subsidiary shall be subordinated to the Obligations on terms reasonably satisfactory to the Required Lenders;

   

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

   

  (p)          Investments
    held by a Person acquired in a Permitted Acquisition to the extent that such Investments were not made in contemplation of or in
    connection with such Permitted Acquisition and were in existence on the date of such Permitted Acquisition;

   

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

   

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

   

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

   

  
  
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  (t)          Investments
    consisting of notes receivable of, or prepaid royalties and other credit extensions, to customers and suppliers who are not Affiliates,
    in the ordinary course of business.

   

  Section 6.05.         Asset
      Sales. Holdings will not, and will not permit any of its Subsidiaries to, sell, transfer, lease, license or sublicense or otherwise
    dispose (each, a “Disposition”) of any asset, including any Equity Interest owned by it and any sale of assets
    in connection with a securitization, nor will Holdings permit any of its Subsidiaries to issue any additional Equity Interest in
    such Subsidiary, except:

   

  (a)          sales
    of (x) inventory, (y) used, surplus, obsolete or worn-out equipment and (z) Permitted Investments, in each case, in the ordinary
    course of business;

   

  (b)          sales,
    transfers and Dispositions to the Borrower or a Subsidiary; provided that any such sales, transfers or Dispositions involving
    a Subsidiary that is not a Loan Party shall be made in compliance with Section 6.04 and Section 6.09;

   

  (c)          sale
    and leaseback transactions permitted by Section 6.06;

   

  (d)          sales,
    transfers and other Dispositions of assets (other than Equity Interests in a Subsidiary) to bona fide third parties that are not
    Affiliates of the Borrower and that are not permitted by any other clause of this Section; provided, that the aggregate
    cumulative fair market value of all assets sold, transferred or otherwise disposed of after the Closing Date in reliance upon
    this clause (d) shall not exceed $20,000,000; provided, further that at least 75% of the consideration for such
    Disposition shall consist of cash or Permitted Investments;

   

  (e)          the
    licensing or sublicensing (other than exclusive licenses or sublicenses) of Intellectual Property in the ordinary course of business
    in a manner that does not, and could not reasonably be expected to, materially interfere with the business of Holdings and its
    Subsidiaries;

   

  (f)           the
    expiration of Intellectual Property in accordance with its statutory term;

   

  (g)          abandonment
    or lapse of Intellectual Property in the ordinary course of business in a manner that does not, and could not reasonably be expected
    to, materially interfere with the business of Holdings and its Subsidiaries;

   

  (h)          the
    use or transfer of money or Permitted Investments in a manner that is not prohibited by the terms of this Agreement or the other
    Loan Documents;

   

  (i)           the
    sale or discount, in each case without recourse, of accounts receivable arising in the ordinary course of business, but only in
    connection with the compromise or collection thereof and not for financing purposes;

   

  (j)           any
    involuntary loss, damage or destruction of property;

   

  (k)          any
    involuntary condemnation, seizure or taking, by exercise of the power of eminent domain or otherwise, or confiscation or requisition
    of use of property;

   

  (l)           the
    leasing or subleasing of assets of any Borrower or its Subsidiaries in the ordinary course of business;

   

  (m)         the
    sale of accounts receivables in connection with, and as contemplated by, the Billing and Collection Agreement; and

   

  (n)          the
    Specified Disposition; provided that at the time of such Specified Disposition and after giving effect thereto, no Default
    or Event of Default shall have occurred or be continuing or would result therefrom;

   

  
  
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  provided, that (x) all sales, transfers,
    leases, licenses, sublicenses and other dispositions permitted hereby (other than pursuant to clauses (a)(y), (a)(z), (b), (e),
    (f) and (g) above) shall be made for at least 75% cash consideration or, in the case of Permitted Investments, sales of receivables
    or sale and leaseback transactions, 100% cash consideration, and (y) all sales, transfers, leases and other dispositions permitted
    by clauses (a)(x), (d), (e) and (n) above shall be made for fair value.

   

  Section 6.06.         Sale
      and Leaseback Transactions. Holdings will not, and will not permit any of its Subsidiaries to, enter into any arrangement,
    directly or indirectly, whereby it shall sell or transfer any property, real or personal, used or useful in its business, whether
    now owned or hereinafter acquired, and thereafter it or its Subsidiaries shall rent or lease such property or other property that
    it or such Subsidiaries intend to use for substantially the same purpose or purposes as the property sold or transferred, except
    (i) any such sale of any fixed or capital assets that is made for cash consideration in an amount not less than the cost of such
    fixed or capital asset and is consummated within 90 days after Holdings or such Subsidiary acquires or completes the construction
    of such fixed or capital asset, to the extent all Capital Lease Obligations, Attributable Debt and Liens associated with such sale
    and leaseback transaction are permitted by Sections 6.01(a)(v) and 6.02(a)(v) (treating the property subject thereto as being subject
    to a Lien securing the related Attributable Debt, in the case of a sale and leaseback not accounted for as a Capital Lease Obligation)
    and (ii) sale and leaseback transactions with respect to real property or equipment having a fair market value in the aggregate
    not to exceed $25,000,000. For the avoidance of doubt, the Net Proceeds received from a sale and leaseback transaction pursuant
    to subsection (ii) of this Section 6.06 are subject to the mandatory prepayment provisions of Section 2.06(b).

   

  Section 6.07.         Swap
      Agreements. Holdings will not, and will not permit any of its Subsidiaries to, enter into any Swap Agreement, except (a) Swap
    Agreements entered into in the ordinary course of business to hedge or mitigate risks to which Holdings or any Subsidiary has actual
    exposure (other than those in respect of Equity Interests of Holdings or any of its Subsidiaries) in the conduct of its business
    or the management of its liabilities and (b) Swap Agreements entered into in order to effectively cap, collar or exchange interest
    rates (from floating to fixed rates, from one floating rate to another floating rate or otherwise) with respect to any interestbearing
    liability or investment of Holdings or any Subsidiary.

   

  Section 6.08.         Restricted
      Payments; Certain Payments of Indebtedness. (a) Holdings will not, nor will it permit any Subsidiary to, declare or make, or
    agree to pay or make, directly or indirectly, any Restricted Payment, or incur any obligation (contingent or otherwise) to do so,
    except (i) Subsidiaries of Holdings may declare and pay dividends or distributions ratably with respect to their Equity Interests,
    (ii) Restricted Payments deemed to have occurred in connection with cashless exercise of warrants and options in respect of Equity
    Interests shall be permitted, (iii) so long as no Event of Default shall have occurred and be continuing or would result therefrom,
    Holdings, the Borrower or any of their respective Subsidiaries may make Restricted Payments to any present, former or future director,
    officer, employee, member of management or consultant of Holdings, the Borrower or any of their respective Subsidiaries (or their
    respective estates, heirs, family members, spouses or former spouses) pursuant to any management equity or stock option plan or
    any other management or employee benefit plan or agreement or arrangement or upon such person’s death, disability, retirement
    or termination of employment, in an aggregate amount not to exceed $4,000,000 in any fiscal year, (iv) Holdings, the Borrower or
    any of their respective Subsidiaries may make other Restricted Payments in an aggregate amount not to exceed the Available Amount
    at the time of such Restricted Payment and with respect to which Restricted Payments the Available Amount Conditions have been
    satisfied and (v) on the Closing Date, the Borrower may make a Restricted Payment to Holdings with the proceeds of the Loans to
    be used to in accordance with Section 2.05.

   

  (b)          Holdings
    will not, nor will it permit any Subsidiary to, make or agree to pay or make, directly or indirectly, any payment or other distribution
    (whether in cash, securities or other property) of or in respect of principal of or interest on any Indebtedness, or any payment
    or other distribution (whether in cash, securities or other property), including any sinking fund or similar deposit, on account
    of the purchase, redemption, retirement, acquisition, cancellation or termination of any such Indebtedness, in each case, prior
    to the maturity thereof, except:

   

  (i)          payment
    of Indebtedness created under the Loan Documents;

   

  (ii)         payment
    of (x) interest and principal payments on Indebtedness incurred pursuant to Section 6.01(a)(viii) or (y) regularly scheduled interest
    and scheduled principal payments as and when due in respect of any Indebtedness (other than Indebtedness incurred pursuant to Section
    6.01(a)(viii)), in each case, other than payments in respect of subordinated Indebtedness to the extent prohibited by the subordination
    provisions thereof;

   

  
  
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  (iii)        refinancings
    of Indebtedness to the extent permitted by Section 6.01;

   

  (iv)        payment
    of secured Indebtedness that becomes due as a result of the voluntary sale or transfer of the property or assets securing such
    Indebtedness;

   

  (v)         prepayment
    of Capital Lease Obligations outside the ordinary course of business in an aggregate cumulative amount from and after the Closing
    Date not exceeding $5,000,000; and

   

  (vi)        payment
    of any Indebtedness owing to the Borrower or any other Loan Party.

   

  (c)          Holdings
    will not, and will not permit any Subsidiary to, furnish any funds to, make any Investment in, or provide other consideration to
    any other Person for purposes of enabling such Person to, or otherwise permit any such Person to, make any Restricted Payment or
    other payment or distribution restricted by this Section that could not be made directly by Holdings in accordance with the provisions
    of this Section.

   

  Section 6.09.         Transactions
      with Affiliates. Holdings will not, nor will it permit any Subsidiary to, sell, lease, license, sublicense or otherwise transfer
    any property or assets to, or purchase, lease or otherwise acquire any property or assets from, or otherwise engage in any other
    transactions with, any of its Affiliates, except (a) transactions on terms and conditions not less favorable, considered as a whole,
    to Holdings or such Subsidiary than could be obtained on an arm’s-length basis from unrelated third parties, provided that
    with respect to any transaction or series of related transactions (other than Discounted Voluntary Repurchases made in accordance
    with Section 2.15) involving consideration of more than $1,000,000, such transaction(s) shall be approved by a majority of Disinterested
    Members of the Governing Board of the Borrower, (b) transactions between or among the Loan Parties not involving any other Affiliate,
    (c) any payment permitted by Section 6.08 or any Investment permitted by Section 6.04 specifically contemplated by Section 6.04
    to be made among Affiliates, (d) the issuance by Holdings or any Subsidiary of Equity Interests to, or the receipt of any capital
    contribution from, Holdings or a Subsidiary, and (e) the non-exclusive licensing or sublicensing of Intellectual Property.

   

  Section 6.10.         Restrictive
      Agreements. Holdings will not, nor will it permit any Subsidiary to, directly or indirectly, enter into, incur or permit to
    exist any agreement or other arrangement that prohibits, restricts or imposes any condition upon (a) the ability of Holdings or
    any Subsidiary to create, incur or permit to exist any Lien upon any of its property or assets to the Secured Parties securing
    the Obligations, or (b) the ability of any Subsidiary to pay dividends or other distributions with respect to any of its Equity
    Interests or to make or repay loans or advances to Holdings or any other Subsidiary or to Guarantee Indebtedness of Holdings or
    any other Subsidiary; provided, that (i) the foregoing shall not apply to restrictions and conditions imposed by law or
    by any Loan Document, (ii) the foregoing shall not apply to restrictions and conditions existing on the Closing Date identified
    on Schedule 6.10 (but shall apply to any extension or renewal of, or any amendment or modification expanding the scope of, any
    such restriction or condition), (iii) the foregoing shall not apply to customary restrictions and conditions contained in agreements
    relating to the sale of a Subsidiary pending such sale, provided such restrictions and conditions apply only to the Subsidiary
    that is to be sold and such sale is permitted hereunder, (iv) clause (a) of the foregoing shall not apply to restrictions or conditions
    imposed by any agreement relating to secured Indebtedness permitted by this Agreement if such restrictions or conditions apply
    only to the property or assets securing such Indebtedness and the proceeds thereof, (v) clause (a) of the foregoing shall not apply
    to customary provisions in leases restricting the assignment thereof, (vi) clause (a) of the foregoing shall not apply to restrictions
    or conditions imposed by any agreement related to any Indebtedness incurred by a Subsidiary prior to the date on which such Subsidiary
    was acquired by Holdings or any of its Subsidiaries (but shall apply to any extension or renewal of, or any amendment or modification
    expanding the scope of, any such restriction or condition), (vii) clause (a) of the foregoing shall not apply to restrictions or
    conditions imposed by any agreement related to the refinancing of Indebtedness, provided that the terms of any such restrictions
    or conditions are not materially less favorable to the Lenders than the restrictions or conditions contained in the predecessor
    agreements and (viii) the foregoing shall not apply to customary provisions in joint venture agreements.

   

  
  
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  Section 6.11.         Change
      in Business. Holdings will not, and will not permit any Subsidiary to, engage at any time in any business or business activity
    other than a Permitted Business.

   

  Section 6.12.         Fiscal
      Year. Holdings shall not change its fiscal year for accounting and financial reporting purposes to end on any date other than
    December 31.

   

  Section 6.13.         Amendment
      of Material Documents. Holdings will not, nor will it permit any Subsidiary to (i) amend, modify or waive any of its rights
    under its certificate of incorporation, by-laws or other organizational documents if, taken as a whole, such amendment, modification
    or waiver is adverse in any material respect to the interests of the Lenders or (ii) amend, modify or waive any provision of the
    ABL Credit Agreement in a manner not permitted by the Intercreditor Agreement.

   

  Section 6.14.         Leverage
      Ratio. Holdings will not permit the Leverage Ratio as of the last day of each fiscal quarter commencing with the first full
    fiscal quarter ending after the Closing Date to exceed 3.50 to 1.00.

   

  Section 6.15.         Capital
      Expenditures. Holdings will not, and will not permit any Subsidiary to, make or commit to make any Capital Expenditure, except
    Capital Expenditures of Holdings and its Subsidiaries in the ordinary course of business not exceeding $50,000,000 in each fiscal
    year.

   

  Section 6.16.         ABL
      Credit Agreement. Holdings will not, and will not permit any Subsidiary to, use any proceeds from the ABL Credit Agreement
    (or any Refinancing Indebtedness in respect thereof) for any reason other than for (a) working capital purposes in the ordinary
    course of business, (b) Investments pursuant to Section 6.04, (c) Restricted Payments pursuant to Section 6.08 and (d) prepayments
    of the Loans that are accompanied by the Prepayment Premium.

   

  ARTICLE VII

   

  EVENTS OF DEFAULT

   

  If any of the following events (“Events
      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 or any other Loan Document, when and as the same shall become due and payable,
    and such failure shall continue unremedied for a period of five days;

   

  (c)          any
    representation or warranty made or deemed made by or on behalf of any Loan Party in or in connection with any Loan Document or
    any amendment or modification thereof or waiver thereunder, or in any certificate furnished pursuant to or in connection with any
    Loan Document or any amendment or modification thereof or waiver thereunder, shall prove to have been incorrect in any material
    respect when made or deemed made;

   

  (d)          the
    Borrower shall fail to observe or perform any covenant, condition or agreement contained in Section 5.02 or 5.04 (with respect
    to the existence of the Borrower) or in Article VI;

   

  (e)          any
    Loan Party shall fail to observe or perform any covenant, condition or agreement contained in any Loan Document (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 to the Borrower (which notice will promptly be given at the request of any Lender);

   

  
  
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  (f)           any
    Loan Party or any of its Subsidiaries shall fail to make any payment (whether of principal or interest and regardless of amount)
    in respect of any Material Indebtedness, when and as the same shall become due and payable (after giving effect to any applicable
    grace period specified in the agreement or instrument governing such Indebtedness);

   

  (g)          if
    there exists (i) any event or condition occurs 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 any Material Indebtedness to become due, or to require the
    prepayment, repurchase, redemption or defeasance thereof, prior to its scheduled maturity or (ii) an “Event of Default”,
    as such term is defined in the ABL Credit Agreement from time to time; provided, that this clause (g) shall not apply to
    (A) secured Indebtedness that becomes due as a result of the voluntary sale or transfer of the property or assets securing such
    Indebtedness, (B) Optional Repurchases permitted hereunder, (C) refinancings of Indebtedness to the extent permitted by Section
    6.01 and (D) Guarantees by Holdings or any other Guarantor of the Obligations under the Loan Documents unless any payment shall
    have been demanded to be made by, or any other remedy shall have been exercised against, the Guarantors or their respective assets
    in respect of such Guarantees;

   

  (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 other Loan Party 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 other Loan Party 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 other Loan Party 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 any proceeding or petition described in clause (g) 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 other
    Loan Party 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 that would entitle the other party or parties to an order for relief, (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)           one
    or more judgments for the payment of money in an aggregate amount in excess of $20,000,000 (net of amounts covered by insurance)
    shall be rendered against Holdings or any of its Subsidiaries or any combination thereof and the same shall remain undischarged
    for a period of 30 consecutive days during which execution shall not be effectively stayed, or any action shall be legally taken
    by a judgment creditor to attach or levy upon any assets of Holdings or any of its Subsidiaries to enforce any such judgment;

   

  (k)          (i)
    an ERISA Event shall have occurred, (ii) a trustee shall be appointed by a United States district court to administer any Plan(s),
    (iii) the PBGC shall institute proceedings to terminate any Plan, or (iv) any Loan Party or ERISA Affiliate shall have been notified
    by the sponsor of a Multiemployer Plan that it has incurred or will be assessed Withdrawal Liability to such Multiemployer Plan
    and such entity does not have reasonable grounds for contesting such Withdrawal Liability in a timely and appropriate manner; and
    in each cases (i) through (iv) above, such event or condition, in the opinion of the Required Lenders, when taken together with
    all other such events or conditions, if any, could reasonably be expected to result in a Material Adverse Effect;

   

  (l)           any
    Lien purported to be created under any Security Document shall cease to be, or shall be asserted by any Loan Party not to be, a
    valid and perfected Lien on any Collateral having, in the aggregate, a value in excess of $5,000,000 with the priority required
    by the applicable Security Document, except (i) as a result of the sale or other disposition of the applicable Collateral in a
    transaction permitted under the Loan Documents or (ii) as a result of the Agent’s failure to maintain possession of any stock
    certificates, promissory notes or other instruments delivered to it under the Guarantee and Collateral Agreement;

   

  
  
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  (m)         any
    guarantee under the Guarantee and Collateral Agreement for any reason shall cease to be in full force and effect (other than in
    accordance with its terms), or any Guarantor shall assert in writing that the Guarantee and Collateral Agreement or any guarantee
    thereunder has ceased to be or is not enforceable; or

   

  (n)          the
    Borrower fails to satisfy the Term Loan Payment Conditions (as defined in the ABL Credit Agreement) to the extent (and solely to
    the extent) (x) the ABL Credit Agreement prohibits the Borrower from making any prepayment under Section 2.06 (other than Section
    2.06(a)) that would otherwise have been required but for its failure to satisfy such Term Loan Payment Conditions and (y) such
    failure results in the Borrower not being required to make such prepayment pursuant to Section 2.06(h), to the extent such failure
    shall continue unremedied for a period equal to the lesser of (i) 30 days and (ii) the cure period applicable thereto under the
    ABL Credit Agreement;

   

  then, and in every such event (other than an
    event with respect to the Borrower described in clause (g) or (h) of this Article), and at any time thereafter during the continuance
    of such event, the Administrative Agent may with the consent of the Required Lenders, and at the request of the Required Lenders
    shall, by notice to the Borrower, declare the Loans then outstanding to be due and payable in whole, 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 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.

   

  Notwithstanding anything to the contrary
    contained in this Section:

   

  (a)          For
    the purpose of determining whether an Event of Default under Section 6.14 has occurred, Holdings may on one or more occasions designate
    any portion of the net cash proceeds (“Cure Proceeds”) from a sale or issuance of common stock of Holdings to
    one or more Permitted Holders or any cash contribution to the common stock of Holdings by one or more Permitted Holders (the “Cure
      Amount”) as an increase to Consolidated EBITDA of Holdings for the applicable fiscal quarter; provided that (i)
    such amounts to be designated are actually received by Holdings on or after the last day of such applicable fiscal quarter and
    on or prior to the tenth (10th) Business Day after the date on which financial statements are required to be delivered with respect
    to such applicable fiscal quarter (the “Cure Expiration Date”), (ii) such amounts do not exceed the aggregate
    amount necessary to cure any Event of Default in respect of Section 6.14 as of the end of such fiscal quarter, (iii) there shall
    be no reduction in Total Indebtedness in respect of any Loans prepaid in accordance with clause (e) below for purposes of calculating
    compliance with Section 6.14 for any fiscal quarter in which the Cure Amount is included in Consolidated EBITDA, and (iv) Holdings
    shall have provided notice to the Administrative Agent on the date such amounts are designated as a “Cure Amount.”
    The Cure Amount used to calculate Consolidated EBITDA of Holdings for the applicable fiscal quarter shall be used and included
    when calculating Consolidated Adjusted EBITDA of Holdings for each four (4) consecutive fiscal quarter period that includes such
    fiscal quarter.

   

  (b)          The
    parties hereto hereby acknowledge that this Section may not be relied on for purposes of calculating any financial ratios other
    than for determining actual compliance with Section 6.14 (and not pro forma compliance with Section 6.14 that is required by any
    other provision of this Agreement) and shall not at any time result in any adjustment (on a pro forma basis or otherwise) to any
    amounts (including the amount of Indebtedness) or increase in cash, in each case, for purposes of determining pricing, mandatory
    prepayments and the availability or amount permitted pursuant to any term, provision or covenant hereunder.

   

  (c)          In
    furtherance of clause (a) above, (i) upon actual receipt and designation of the Cure Amount by Holdings, Section 6.14 shall be
    deemed complied with as of the end of the relevant fiscal quarter with the same effect as though there had been no failure to comply
    with Section 6.14 and any Event of Default in respect of Section 6.14 shall be deemed not to have occurred for purposes of the
    Loan Documents, and (ii) upon delivery to the Administrative Agent prior to the Cure Expiration Date of a notice from Holdings
    stating its good faith intention to exercise its right set forth in this Section, neither the Administrative Agent nor any Lender
    may exercise any rights or remedies hereunder (or under any other Loan Document) solely on the basis of any actual or purported
    Event of Default in respect of Section 6.14 until and unless the Cure Expiration Date has occurred without the Cure Amount having
    been received and designated.

   

  
  
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  (d)          (i)
    In each period of 4 consecutive fiscal quarters, there shall be not more than 2 fiscal quarters in which the cure right set forth
    in this Section is exercised and (ii) during the term of this Agreement, Holdings may not exercise the cure right set forth in
    this Section more than 4 times in the aggregate.

   

  (e)          100%
    of the proceeds of the Cure Amount shall be used to prepay the Loans in accordance with Section 2.06.

   

  ARTICLE VIII

   

  THE AGENT

   

  Each of the Lenders hereby
    irrevocably appoints the Agent as its agent and authorizes the Agent to take such actions on its behalf and to exercise such powers
    as are delegated to the Agent by the terms of the Loan Documents, together with such actions and powers as are reasonably incidental
    thereto.

   

  The bank serving as the
    Agent hereunder shall have the same rights and powers in its capacity as a Lender as any other Lender and may exercise the same
    as though it were not the Agent, and such bank and its Affiliates may accept deposits from, lend money to and generally engage
    in any kind of business with Holdings or any Subsidiary or other Affiliate thereof as if it were not the Agent hereunder.

   

  The 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 Agent shall not be subject to any fiduciary or other implied duties, regardless of whether a Default has occurred and is
    continuing, (b) the 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 Agent is required to exercise in writing
    as directed by the Required Lenders (or such other number or percentage of the Lenders as shall be necessary under the circumstances
    as provided in Section 9.02), and (c) except as expressly set forth in the Loan Documents, the Agent shall not have any duty to
    disclose, and shall not be liable for the failure to disclose, any information relating to Holdings or any of its Subsidiaries
    that is communicated to or obtained by the bank serving as Agent or any of its Affiliates in any capacity (other than as Agent).
    The 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 9.02) or
    in the absence of its own gross negligence or willful misconduct. The Agent shall be deemed not to have knowledge of any Default
    unless and until written notice thereof is given to the Agent by the Borrower or a Lender, and the 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 thereunder or in connection therewith,
    (iii) the performance or observance of any of the covenants, agreements or other terms or conditions set forth in any Loan Document,
    (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 Agent.

   

  The 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 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 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 reasonable advice of any such counsel, accountants or experts.

   

  The 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 Agent. The 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 each 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 Agent.

   

  
  
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  Subject to the appointment
    and acceptance of a successor to the Agent as provided in this paragraph, the Agent may (i) resign at any time by notifying the
    Lenders and the Borrower or (ii) be removed at any time by the Required Lenders by notifying the Administrative Agent and Borrower.
    Upon any such resignation or removal, the Required Lenders shall have the right, with the consent of the Borrower (such consent
    not to be unreasonably withheld or delayed and such consent not to be required if an Event of Default has occurred and is continuing),
    to appoint a successor. If no successor shall have been so appointed by the Required Lenders and shall have accepted such appointment
    within 30 days after the retiring Agent gives notice of its resignation or the retiring Agent has received notice of removal from
    the Required Lenders, then the retiring Agent may, on behalf of the Lenders, appoint a successor Agent which shall be a bank with
    an office in New York, New York, or an Affiliate of any such bank. Upon the acceptance of its appointment as Agent hereunder by
    a successor, such successor shall succeed to and become vested with all the rights, powers, privileges and duties of the retiring
    Agent, and the retiring Agent shall be discharged from its duties and obligations hereunder. The fees payable by the Borrower to
    a successor Agent shall be the same as those payable to its predecessor unless otherwise agreed between the Borrower and such successor.
    After the Agent’s resignation or removal hereunder, the provisions of this Article and Section 9.03 shall continue in effect
    for the benefit of such retiring 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 Agent.

   

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

   

  ARTICLE IX

   

  MISCELLANEOUS

   

  Section 9.01.         Notices.
    (a) Except in the case of notices and other communications expressly permitted to be given by telephone, all notices and other
    communications provided for herein shall be 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 Dex Media, Inc., 2200 West Airfield Drive P.O. Box 619810, DFW Airport, Texas 75261, Attention General
    Counsel (Telecopy No. (972)253-7200); with a copy to: Weil, Gotshal & Manges LLP, 767 Fifth Avenue, New York, NY 10001, Attention:
    Andrew Colao (Telecopy No: (212) 310-8007);

   

  (ii)         if
    to the Administrative Agent, to Wilmington Trust, National Association, 50 South Sixth Street, Suite 1290, Minneapolis, MN 55402,
    Attention: Jeffery Rose, Vice President (Email: jrose@wilmingtontrust.com; Phone No.: (612) 217-5630; Telecopy No. (612) 217-5651),
    with a copy to Katten Muchin Rosenman LLP, 100 Spectrum Center Drive, Irvine, CA, 92618-4960, Suite 1050, Attention: Craig A. Barbarosh
    (Email: craig.barbarosh@kattenlaw.com; Phone No.: (714) 966-6822; Telecopy No. (714) 464-4453); and

   

  
  
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  (iii)        if
    to any other Lender, to it at its address (or telecopy 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 pursuant to Article II unless
    otherwise agreed by the Administrative Agent and the applicable Lender. The Administrative Agent or the Borrower may, in its discretion,
    agree to accept notices and other communications to it hereunder by electronic communications pursuant to procedures approved by
    it; provided that approval of such procedures may be limited to particular notices or communications.

   

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

   

  Section 9.02.         Waivers;
      Amendments. (a) No failure or delay by the 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 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 any Loan Party 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
    purpose for which given. Without limiting the generality of the foregoing, the making of a Loan shall not be construed as a waiver
    of any Default, regardless of whether the Agent or any Lender may have had notice or knowledge of such Default at the time.

   

  (b)          Neither
    this Agreement nor any other Loan Document nor any provision hereof or thereof may be waived, amended or modified except (x) in
    the case of this Agreement, pursuant to an agreement or agreements in writing entered into by the Borrower and the Required Lenders,
    (y) in the case of any other Loan Document, pursuant to an agreement or agreements in writing entered into by the Agent and the
    Loan Party or Loan Parties that are parties thereto, in each case with the consent of the Required Lenders, or (z) in the case
    of this Agreement or any other Loan Document, pursuant to an agreement or agreements in writing entered into by the Loan Party
    or Loan Parties subject to such Loan Document and the Agent to cure any ambiguity, omission, defect or inconsistency; provided
    that no such agreement in clauses (x), (y) or (z) shall (i) reduce the principal amount of any Loan held by such Lender or reduce
    the rate of interest thereon (excluding the waiver of the imposition of Default Rate Interest), or reduce any fees payable to such
    Lender hereunder, without the written consent of such Lender, (ii) postpone the maturity of such Lender’s Loan, or any scheduled
    date of payment of the principal amount of such Lender’s Loan under Section 2.04, or any date for the payment of any interest
    or fees payable to such Lender hereunder, or reduce the amount of, waive or excuse any such payment, without the written consent
    of such Lender, (iii) change Section 2.13(b) or (c) in a manner that would alter the pro rata sharing of payments required thereby,
    without the written consent of each Lender and the Administrative Agent, (iv) change any of the provisions of this Section or the
    definitions of “Required Lenders” or “Supermajority Lenders” or any other provision of any Loan Document
    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, (v) except as provided by Section 9.14, release any
    Guarantor from its Guarantee under a Guarantee and Collateral Agreement or other applicable Security Document (except as expressly
    provided in the applicable Guarantee and Collateral Agreement or other Security Document), or limit its liability in respect of
    such Guarantee, without the written consent of each Lender, (vi) release all or substantially all of the Collateral from the Liens
    of the Security Documents, without the written consent of each Lender or (vii) change Section 2.15 without the written consent
    of each Lender and the Administrative Agent; provided, further, that no such agreement shall change any of the provisions
    of Section 6.16 regarding use of proceeds from the incurrence by the Borrower or any Subsidiary of Indebtedness under a revolving
    or asset-based lending facility, the definitions as used therein or any other provisions in the Loan Documents the effect of which
    would be to change Section 6.16 regarding use of proceeds from the incurrence by the Borrower or any Subsidiary of Indebtedness
    under a revolving or asset-based lending facility without the prior written consent of Supermajority Lenders. Notwithstanding the
    foregoing, (i) any provision of this Agreement may be amended by an agreement in writing entered into by the Borrower, the Required
    Lenders and the Agent if at the time such amendment becomes effective, each Lender not consenting thereto receives payment in full
    of the principal of and interest accrued on each Loan made by it and all other amounts owing to it or accrued for its account under
    this Agreement, (ii) Article IX (The Agent) shall not be changed without the prior written consent of the Administrative Agent
    and (iii) the Agent Fee Letter may be changed by the written agreement of the Administrative Agent and the Borrower only.

   

  
  
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  (c)          If,
    in connection with any proposed change, waiver, discharge or termination of or to any of the provisions of this Agreement solely
    as contemplated by clauses (b)(i) through (b)(vi), inclusive, of the first proviso to Section 9.02(b), the consent of Lenders having
    Loans representing more than 50% of the sum of the total outstanding Loans at such time is obtained but the consent of one or more
    of such other Lenders whose consent is required is not obtained, then the Borrower shall have the right, so long as all non-consenting
    Lenders whose individual consent is required are treated as described in either clause (i) or (ii) below, to either (i) replace
    each such non-consenting Lender or Lenders with one or more assignees pursuant to, and with the effect of an assignment under,
    Section 2.14 so long as at the time of such replacement, each such assignee consents to the proposed change, waiver, discharge
    or termination or (ii) repay the outstanding Loans of such Lender that gave rise to the need to obtain such Lender’s consent;
    provided (A) that, unless the Loans that are repaid pursuant to the preceding clause (ii) are immediately replaced in full
    at such time through the addition of new Lenders or the increase of the outstanding Loans of existing Lenders (who in each case
    must specifically consent thereto), then in the case of any action pursuant to the preceding clause (ii), Lenders having Loans
    representing more than 50% of the sum of the total outstanding Loans at such time (determined after giving effect to the proposed
    action) shall specifically consent thereto and (B) any such replacement or termination transaction described above shall be effective
    on the date notice is given of the relevant transaction and shall have a settlement date no earlier than five Business Days and
    no later than 90 days after the relevant transaction.

   

  Section 9.03.         Expenses;
      Indemnity; Damage Waiver. (a) The Borrower shall pay (i) all documented and reasonable out-of-pocket expenses incurred by the
    Agent, including the documented and reasonable out-of-pocket fees, charges and disbursements of (a) a single transaction and documentation
    counsel for the Agent and (b) such other local counsel and special counsel as may be required in the reasonable judgment of the
    Agent, in connection with the preparation and administration of the Loan Documents or any amendments, modifications or waivers
    of the provisions thereof (whether or not the transactions contemplated hereby or thereby shall be consummated), and (ii) all documented
    and reasonable out-of-pocket expenses incurred by the Agent and one financial advisor to the Agent (including such local counsel
    and special counsel as may be required in the reasonable judgment of the Agent) or any Lender (and one financial advisor and one
    legal advisor to the Lenders as determined by a majority in interest of the Lenders), in connection with the enforcement or protection
    of its/their rights in connection with the Loan Documents, including its rights under this Section, or in connection with the Loans
    made hereunder, including all such out-of-pocket expenses incurred during any workout, restructuring or negotiations in respect
    of such Loans.

   

  (b)          The
    Borrower shall indemnify the Agent and each Lender, and each Related Party of any of the foregoing Persons (each such Person being
    called an “Indemnitee”) against, and hold each Indemnitee harmless from, any and all losses, claims, damages,
    liabilities and related expenses, including the fees, charges and disbursements of (a) a single transaction and documentation counsel
    for any Indemnitee and (b) such other local counsel and special counsel as may be required in the reasonable judgment of the Agent,
    incurred by or asserted against any Indemnitee arising out of, in connection with, or as a result of (i) the execution or delivery
    of any Loan Document or any other agreement or instrument contemplated hereby, the performance by the parties to the Loan Documents
    of their respective obligations thereunder or the consummation of the Transactions or any other transactions contemplated hereby,
    (ii) any Loan or the use of the proceeds therefrom, (iii) any actual or alleged presence or Release of Hazardous Materials on or
    from any Mortgaged Property or any other property currently or formerly owned or operated by the Borrower or any of its Subsidiaries,
    or any Environmental Liability related in any way to the Borrower or any of its Subsidiaries, or (iv) any actual or prospective
    claim, litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory
    and regardless of whether any Indemnitee is a party thereto; provided that such indemnity shall not, as to any Indemnitee,
    be available to the extent that such losses, claims, damages, liabilities or related expenses are determined by a court of competent
    jurisdiction by final and nonappealable judgment to have resulted from the gross negligence or willful misconduct of such Indemnitee.
    This Section 9.03(b) shall not apply with respect to Taxes other than any Taxes that represent losses, claims, damages, etc. arising
    from any non-Tax claim.

   

  (c)          To
    the extent that the Borrower fails to pay any amount required to be paid by it to the Agent under paragraph (a) or (b) of this
    Section, but without affecting the Borrower’s obligations thereunder, each Lender severally agrees to pay to the 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 expense or indemnified loss, claim, damage, liability or related expense,
    as the case may be, was incurred by or asserted against the Agent in its capacity as such. For purposes hereof, a Lender’s
    “pro rata share” shall be determined based upon its share of the sum of the total outstanding Loans at the time.

   

  
  
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  (d)          To
    the extent permitted by applicable law, the Borrower shall not assert, and hereby waives, any claim against any Indemnitee, on
    any theory of liability, for special, indirect, consequential or punitive damages (as opposed to direct or actual damages) arising
    out of, in connection with, or as a result of, this Agreement or any agreement or instrument contemplated hereby, the Transactions
    or any Loan or the use of the proceeds thereof.

   

  (e)          All
    amounts due under this Section shall be payable in full in cash not later than 30 days after written demand therefor.

   

  Section 9.04.         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 without the prior written consent of each Lender (and any attempted assignment or transfer
    by the Borrower without such consent shall be null and void) and (ii) no Lender may assign or otherwise transfer 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 paragraph (c) of this Section) and, to the extent expressly contemplated hereby, the Related Parties
    of each of the Administrative Agent and the Lenders) any legal or equitable right, remedy or claim under or by reason of this Agreement.

   

  (b)          (i)
    Subject to the conditions set forth in paragraph (b)(ii) below, any Lender may assign to one or more assignees all or a portion
    of its rights and obligations under this Agreement (including all or a portion of the Loans at the time owing to it), with the
    prior written consent (such consent not to be unreasonably withheld or delayed) of the Administrative Agent, provided that
    no consent of the Administrative Agent shall be required for an assignment of Loans to an assignee that is (x) a Lender immediately
    prior to giving effect to such assignment, (y) an Affiliate of a Lender or an Approved Fund, or (z) made in connection with a repurchase
    of a Loan pursuant to Section 2.15.

   

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

   

  (A)         An
    assigning Lender shall be permitted to assign its rights and obligations under this Agreement to any Person that is not a Disqualified
    Institution.

   

  (B)         except
    in the case of an assignment of entire remaining amount of the assigning Lender’s Loan or a repurchase undertaken in accordance
    with Section 2.15, the amount of the Loan 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 $1,000,000,
    in each case unless each of the Borrower and the Administrative Agent otherwise consent, provided that no such consent of
    the Borrower shall be required if an Event of Default has occurred and is continuing;

   

  (C)         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;

   

  (D)         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 (it being understood that only a single processing and recordation fee of $3,500 will
    be payable with respect to any multiple assignments to or by a Lender, an Affiliate of a Lender or an Approved Fund pursuant to
    clause (ii) (A) above, each of which is individually less than $1,000,000, that are simultaneously consummated);

   

  
  
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  (E)         the
    assignee, if it shall not be a Lender or the Borrower, shall deliver to the Administrative Agent an Administrative Questionnaire;
    and

   

  (F)         notwithstanding
    anything to the contrary contained herein, the Borrower, or its Affiliates or its Subsidiaries may, from time to time, purchase
    or prepay Loans, in each case, on a non-pro rata basis through (1) Dutch Auction or other procedures open to all Lenders on a pro
    rata basis in accordance with Section 2.15 or (2) Open Market Purchases in accordance with Section 2.15, provided that any such
    Loans acquired by the Borrower or its Affiliates or its Subsidiaries shall be retired or cancelled immediately upon the acquisition
    thereof.

   

  The Administrative Agent
    shall have no obligation to determine or monitor the identity of any Lender as a Disqualified Institution.

   

  For purposes of this Section 9.04,
    the term “Approved Fund” has the following meaning:

   

  “Approved Fund”
    means any Person (other than a natural person) that is engaged in making, purchasing, holding or investing in bank loans and similar
    extensions of credit in the ordinary course and that is administered, advised or managed by (a) a Lender, (b) an Affiliate of a
    Lender or (c) any entity or an Affiliate of an entity that administers, advises or manages a Lender.

   

  (iii)        Subject
    to acceptance and recording thereof pursuant to paragraph (b)(iv) of this Section, from and after the effective date specified
    in each Assignment and Assumption the assignee thereunder shall be a party hereto and, to the extent of the interest assigned by
    such Assignment and Assumption, have the rights and obligations of a Lender under this Agreement, and the assigning Lender thereunder
    shall, to the extent of the interest assigned by such Assignment and Assumption, be released from its obligations under this Agreement
    (and, in the case of an Assignment and Assumption covering all of the assigning Lender’s rights and obligations under this
    Agreement, such Lender shall cease to be a party hereto but shall continue to be entitled to the benefits of Sections 2.10, 2.11,
    2.12 and 9.03). Any assignment or transfer by a Lender of rights or obligations under this Agreement that does not comply with
    this Section 9.04 shall be treated for purposes of this Agreement as a sale by such Lender of a participation in such rights and
    obligations in accordance with paragraph (c) of this Section.

   

  (iv)        The
    Administrative Agent, acting for this purpose as an agent of the Borrower, shall maintain at one of its offices in the United States
    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 principal amount (and stated interest) of the Loans owing to, each Lender pursuant to the terms hereof from time to time,
    which register shall indicate that each lender is entitled to interest paid with respect to such Loans (the “Register”).
    The entries in the Register shall be conclusive, and the Borrower, the Administrative Agent and the Lenders shall treat each Person
    whose name is recorded in the Register pursuant to the terms hereof as a Lender hereunder for all purposes of this Agreement, 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 and an electronic copy of the Register shall be available by the Borrower and any
    Lender, from time to time upon reasonable prior request. The parties intend that all extensions of credit to the Borrower and its
    Affiliates hereunder shall at all times be treated as being in registered form within the meaning of Sections 163(f), 871(h)(2),
    and 881(c)(2) of the Code (and any successor provisions) and the regulations thereunder and shall interpret the provisions herein
    regarding the Register consistent with such intent.

   

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

   

  (c)          (i)
    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 (a “Participant”) in all or a portion of such Lender’s rights and obligations
    under this Agreement (including all or a portion of the Loans owing to it); provided, that (A) such Lender’s obligations
    under this Agreement shall remain unchanged, (B) such Lender shall remain solely responsible to the other parties hereto for the
    performance of such obligations and (C) the Borrower, the Administrative Agent and the other Lenders shall continue to deal solely
    and directly with such Lender in connection with such Lender’s rights and obligations under this Agreement. Any agreement
    or instrument pursuant to which a Lender sells such a participation shall provide that such Lender shall retain the sole right
    to enforce this Agreement and to approve any amendment, modification or waiver of any provision of this Agreement; provided
    that such agreement or instrument may provide that such Lender will not, without the consent of the Participant, agree to any amendment,
    modification or waiver described in the second proviso to Section 9.02(b) that affects such Participant. Subject to paragraph (c)(ii)
    of this Section, the Borrower agrees that each Participant shall be entitled to the benefits of Sections 2.10, 2.11 and 2.12 (subject
    to the requirements and limitations therein, including the requirements under Section 2.12(e) (it being understood that the documentation
    required under Section 2.12(e) shall be delivered to the participating Lender)) to the same extent as if it were a Lender and had
    acquired its interest by assignment pursuant to paragraph (b) of this Section. To the extent permitted by law, each Participant
    also shall be entitled to the benefits of Section 9.08 as though it were a Lender, provided such Participant agrees to be
    subject to Section 2.13(c) as though it were a Lender.

   

  (ii)         A
    Participant shall not be entitled to receive any greater payment under Section 2.10 or 2.12 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 or, except to the extent such entitlement to receive a greater
    payment results from a Change in Law that occurs after the Participant acquired the applicable participation.

   

  (iii)        Each
    Lender that sells a participation shall, acting solely for this purpose as an 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 (the “Participant Register”); provided that
    no Lender shall have any obligation to disclose all or any portion of the Participant Register (including the identity of any Participant
    or any information relating to a Participant’s interest in any commitments, loans, letters of credit or its other obligations under
    any Loan Document) to any Person except to the extent that such disclosure is necessary to establish that such commitment, loan,
    letter of credit or other obligation is in registered form under Section 5f.103-1(c) of the United States Treasury Regulations
    and Section 1.163-5(b)(1) of the proposed 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.

   

  (d)          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 without limitation any pledge or assignment to secure obligations to a Federal Reserve 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.

   

  
  
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  Section 9.05.         Survival.
    All covenants, agreements, representations and warranties made by the Loan Parties in the Loan Documents and in the certificates
    or other instruments delivered in connection with or pursuant to this Agreement or any other Loan Document shall be considered
    to have been relied upon by the other parties hereto and shall survive the execution and delivery of the Loan Documents and the
    making of any Loans, regardless of any investigation made by any such other party or on its behalf and notwithstanding that the
    Administrative 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. The provisions of Sections 2.10,
    2.11, 2.12 and 9.03 and Article VIII shall survive and remain in full force and effect regardless of the consummation of the transactions
    contemplated hereby, the repayment of the Loans or the termination of this Agreement or any provision hereof.

   

  Section 9.06.         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,
    the other Loan Documents and any separate letter agreements with respect to fees payable to the Administrative Agent 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. This Agreement shall become effective when the conditions set forth in
    Section 4.01 hereof shall have been satisfied, 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 telecopy
    or email transmission shall be effective as delivery of a manually executed counterpart of this Agreement.

   

  Section 9.07.         Severability.
    Any provision of this Agreement held to be invalid, illegal or unenforceable in any jurisdiction shall, as to such jurisdiction,
    be ineffective to the extent of such invalidity, illegality or unenforceability without affecting the validity, legality and enforceability
    of the remaining provisions hereof; and the invalidity of a particular provision in a particular jurisdiction shall not invalidate
    such provision in any other jurisdiction.

   

  Section 9.08.         Right
      of 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, but excluding any payroll, trust and Tax withholding accounts) 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 then due and
    owing, irrespective of whether or not such Lender shall have made any demand under this Agreement and although such Obligations
    may be owed to a branch or office of such Lender different from the branch or office holding such deposit or obligated on such
    Indebtedness. 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 9.09.         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)          The
    Borrower hereby irrevocably and unconditionally submits, for itself and its property, to the nonexclusive 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 Agent or any Lender may otherwise have to bring any action
    or proceeding relating to this Agreement or any other Loan Document against the Borrower or its properties in the courts of any
    jurisdiction.

   

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

   

  (d)          After
    the Closing Date, the Bankruptcy Court’s retention of jurisdiction shall not govern the interpretation or enforcement of
    the Loan Documents or any rights or remedies related thereto.

   

  (e)          Each
    party to this Agreement irrevocably consents to service of process in the manner provided for notices in Section 9.01. Nothing
    in this Agreement or any other Loan Document will affect the right of any party to this Agreement to serve process in any other
    manner permitted by law.

   

  Section 9.10.         WAIVER
      OF JURY TRIAL. EACH PARTY HERETO HEREBY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO
    A TRIAL BY JURY IN ANY LEGAL PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS AGREEMENT, ANY OTHER LOAN DOCUMENT
    OR THE TRANSACTIONS CONTEMPLATED HEREBY (WHETHER BASED ON CONTRACT, TORT OR ANY OTHER THEORY). EACH PARTY HERETO (A) CERTIFIES
    THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PARTY WOULD
    NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER AND (B) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HERETO
    HAVE BEEN INDUCED TO ENTER INTO THIS AGREEMENT BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS SECTION.

   

  Section 9.11.         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 9.12.         Confidentiality.
    Each of the Agent and the Lenders agrees to maintain the confidentiality of the Information (as defined below), except that Information
    may be disclosed (a) to its and its Affiliates’ directors, officers, partners, employees and agents, including accountants,
    legal counsel and other advisors (it being understood that the Persons to whom such disclosure is made will be informed of the
    confidential nature of such Information and instructed to keep such Information confidential), (b) to the extent requested by any
    regulatory authority (including, without limitation, the National Association of Insurance Commissioners), (c) to the extent required
    by applicable laws or regulations or by any subpoena or similar legal process, (d) to any other party to this Agreement, (e) in
    connection with the exercise of any remedies hereunder or any suit, action or proceeding relating to this Agreement or any other
    Loan Document or the enforcement of rights hereunder or thereunder, (f) subject to an agreement containing provisions at least
    as restrictive as those of this Section, to (i) any assignee of or Participant in, or any prospective assignee of or Participant
    in, any of its rights or obligations under this Agreement, (ii) any pledgee referred to in Section 9.04(d), (iii) any actual or
    prospective counterparty (or its advisors) to any swap or derivative transaction relating to the Borrower and its obligations or
    (iv) any credit insurance provider relating to the Borrower and its Obligations, (g) with the consent of the Borrower or (h) to
    the extent such Information (i) becomes publicly available other than as a result of a breach of this Section or (ii) becomes available
    to the Agent or any Lender on a nonconfidential basis from a source other than the Borrower or any Subsidiary thereof. For the
    purposes of this Section, “Information” means all information received from Holdings or any Subsidiary thereof
    relating to Holdings or any Subsidiary thereof or its business, other than any such information that is available to the Agent
    or any Lender on a nonconfidential basis prior to disclosure by Holdings or any Subsidiary thereof; provided, that, in the
    case of information received from Holdings or any Subsidiary thereof after the Closing Date, such information is clearly identified
    at the time of delivery as confidential. Any Person required to maintain the confidentiality of Information as provided in this
    Section shall be considered to have complied with its obligation to do so if such Person has exercised the same degree of care
    to maintain the confidentiality of such Information as such Person would accord to confidential information of its other customers.

   

  
  
    	 	-
            69 -	 

  

  
     

  

  
    

  Each Lender acknowledges
    that information furnished to it pursuant to this Agreement or the other Loan Documents may include material non-public information
    concerning the Borrower and its Affiliates and their Related Parties or their respective 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.

   

  All information, including
    requests for waivers and amendments, furnished by the Borrower or its Affiliates or the Administrative Agent pursuant to, or in
    the course of administering, this Agreement or the other Loan Documents will be syndicate-level information, which may contain
    material non-public information about the Borrower and its Affiliates and their Related Parties or their respective 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 9.13.         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.

   

  Section 9.14.         Termination
      or Release. (a) At such time as the Loans, all accrued interest and fees under this Agreement, and all other Obligations of
    the Loan Parties under the Loan Documents (other than Obligations under Sections 2.12 and 9.03 that are not then due and payable)
    shall have been paid in full in cash, (i) the Collateral shall automatically be released from the Liens created by the Security
    Documents and (ii) the Obligations (other than those expressly stated to survive termination) of the Agent and each Loan Party
    under the Security Documents shall automatically terminate, all without delivery of any instrument or performance of any act by
    any Person.

   

  (b)          (i)
    Upon any sale or other transfer by any Loan Party of any Collateral that is permitted under this Agreement or any other Loan Document
    to any Person that is not a Loan Party, or upon the effectiveness of any written consent to the release of the security interest
    granted by the Guarantee and Collateral Agreement or any other Loan Document in any Collateral of the Loan Parties pursuant to
    Section 9.02 of this Agreement, the security interest in such Collateral granted pursuant to the Guarantee and Collateral Agreement
    and the other Loan Documents shall be automatically released and (ii) upon any Guarantor ceasing to be a Subsidiary as a result
    of a transaction permitted under this Agreement or any other Loan Document (including, without limitation, a permitted sale of
    its Equity Interest), or upon the effectiveness of any written consent to the release of such Guarantor of its obligations under
    this Agreement or any other Loan Document pursuant to Section 9.02 of this Agreement, then such Guarantor shall be automatically
    released from its obligations under this Agreement and all other Loan Documents.

   

  (c)          In
    connection with any termination or release pursuant to paragraph (a) or (b) of this Section 9.14, the Administrative Agent shall
    execute and deliver to any Loan Party at such Loan Party’s expense all documents that such Loan Party shall reasonably request
    to evidence such termination or release. Any execution and delivery of documents pursuant to this Section 9.14 shall be without
    recourse to or warranty by the Administrative Agent or any Lender.

   

  
  
    	 	-
            70 -	 

  

  
     

  

  
    

  Section 9.15.         USA
      Patriot Act. Each Lender hereby notifies the Borrower that pursuant to the requirements of the USA Patriot Act (Title III of
    Pub. L. 107-56 (signed into law October 26, 2001)) (the “USA 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 to identify the Borrower in accordance with the USA Patriot Act.

   

  Section 9.16.         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 any such parties, each party hereto acknowledges that any liability of any
    EEA Financial Institution arising under any Loan Document 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 entity, 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 .

   

  Section 9.17.         Effect
      of Amendment and Restatement. This Agreement shall amend and restate the Existing Credit Agreement in its entirety, with the
    parties hereby agreeing that there is no novation of the Existing Credit Agreement and on the Closing Date, the rights and obligations
    of the parties under the Existing Credit Agreement shall be subsumed and governed by this Agreement. Following the Closing Date,
    the Loans and Commitments under and as defined in the Existing Credit Agreement shall no longer be in effect and thereafter only
    Loans and Commitments under this Agreement shall be outstanding until otherwise terminated in accordance with the terms hereof.

   

  [remainder of page intentionally left blank]

   

  
  
    	 	-
            71 -	 

  

  
     

  

  
    

  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.

   

  	 	DEX MEDIA, INC.,
	 	as the Borrower
	 	 	 
	 	By:	/s/ Nicholas Haughey
	 	 	Name: Nicholas Haughey
	 	 	Title: Vice President of Finance

   

  [Signature Page to Credit Agreement]

   

  
  
    	 	 	 

  

  
     

  

  
    

  	 	WILMINGTON TRUST, NATIONAL ASSOCIATION as Administrative Agent
	 	 	 	 
	 	By:	/s/ Jeffery Rose
	 	 	Name:	Jeffery Rose
	 	 	Title. 	Vice President

   

  [Signature Page to Credit Agreement]

   

  
  
    	 	 	 

  

  
     

  

  
    

  	 	HG VORA SPECIAL OPPORTUNITIES MASTER FUND, LTD, as Lender
	 	 	 
	 	By: HG VORA CAPITAL MANAGEMENT, LLC, as investment advisor
	 	 	 
	 	By:	/s/ Gary Moross
	 	 	Name: Gary Moross
	 	 	Title: Partner

  

   

  

  [Signature Page to Credit Agreement]

   

  
  
    	 	 	 

  

  
     

  

  
    

  Annex I

   

  $000s

   

  	 	 	 	 	 	 	Actual	 
	 	 	 	 	 	 	Q1’18	 	 	Q2’18	 	 	Q3’18	 
	Consolidated Net Income	 	 	 	$	930	 	 	$	10,093	 	 	$	19,683	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	(a) Plus:	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	(i)	 	Consolidated interest expense*	 	 	 	 	20,069	 	 	 	21,208	 	 	 	18,432	 
	(ii)	 	Consolidated income tax expense	 	 	 	 	1,032	 	 	 	3,732	 	 	 	6,878	 
	(iii)	 	Depreciation and amortization	 	 	 	 	66,928	 	 	 	66,814	 	 	 	66,703	 
	(iv)x	 	Non-recurring extraordinary	 	(**)	 	 	-	 	 	 	-	 	 	 	-	 
	(iv)y	 	Non-cash charges [A]	 	 	 	 	31,428	 	 	 	15,172	 	 	 	11,179	 
	(v)	 	Non-recurring business optimization charges	 	(**)	 	 	22,452	 	 	 	26,265	 	 	 	27,276	 
	(vi)	 	Investment & commercial banking fees	 	 	 	 	-	 	 	 	-	 	 	 	-	 
	(vii)	 	Cash premia, penalties, other payments for debt extinguishment	 	 	 	 	-	 	 	 	-	 	 	 	-	 
	(viii)	 	Specified charges	 	 	 	 	-	 	 	 	-	 	 	 	-	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	(b) Minus:	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	(i)	 	Consolidated interest income	 	 	 	 	1,827	 	 	 	-	 	 	 	-	 
	(ii)	 	Extraordinary gains and non-cash gains [B]	 	(**)	 	 	-	 	 	 	-	 	 	 	-	 
	(iii)	 	Minus: Tucker Lease Cash Payment	 	 	 	 	(1,509	)	 	 	(1,509	)	 	 	(1,524	)
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Consolidated EBITDA	 	 	 	$	143,157	 	 	$	141,776	 	 	$	148,626	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	Schedules	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	[A]	 	Extraordinary and non-cash charges	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	Fresh start accounting	 	 	 	 	25,558	 	 	 	3,029	 	 	 	-	 
	 	 	Non-cash pension	 	 	 	 	896	 	 	 	(6,355	)	 	 	1,437	 
	 	 	Incentive Equity Compensation	 	 	 	 	4,975	 	 	 	18,498	 	 	 	9,742	 
	 	 	Other	 	 	 	 	-	 	 	 	 	 	 	 	 	 
	 	 	Total	 	 	 	$	31,428	 	 	$	15,172	 	 	$	11,179	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	[B]	 	Extraordinary gains and non-cash gains [C]	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	Other income	 	 	 	 	-	 	 	 	-	 	 	 	-	 
	 	 	Gain on debt extinguishment	 	 	 	 	-	 	 	 	-	 	 	 	-	 
	 	 	Total	 	 	 	$	0	 	 	$	0	 	 	$	0	 

   

  *Adjusted for Tucker Lease interest expense

  **Subject to 12.5% Cap

   

  
  
    	 	 	 

  

  
     

  

  
    

  Schedule 1.01

   

  MORTGAGED PROPERTY

   

  	Address	 	City	 	State	 	Zip Code
	1615 Bluff City Highway	 	Bristol	 	TN	 	37621
	200 Missionary Ridge Dr.	 	Birmingham	 	AL	 	35242
	3100 Kettering Blvd.	 	Moraine	 	OH	 	45439

   

  
  
    	 	 	 

  

  
     

  

  
    

  Schedule 2.01(a)

   

  LOAN COMMITMENTS AND PRO RATA SHARES

   

  First Installment Commitment

   

  	Lender	 	First Installment Commitment	 	 	First Installment Commitment

          Pro Rata Share	 
	HG Vora Special Opportunities Master Fund, Ltd.	 	$	400,000,000	 	 	 	100	%
	TOTAL	 	$	400,000,000	 	 	 	100	%

   

  Second Installment Commitment

   

  	Lender	 	Second Installment Commitment	 	 	Second Installment 

          Commitment Pro Rata Share	 
	HG Vora Special Opportunities Master Fund, Ltd.	 	$	425,000,000	 	 	 	100	%
	TOTAL	 	$	425,000,000	 	 	 	100	%

   

  
  
    	Schedule 2.01(a) – Credit Agreement – Page 1

  

  
     

  

  
   

  Schedule 3.05

   

  PROPERTIES

   

  The following properties are owned by Dex Media, Inc.:

   

  1615 Bluff City, Highway, Bristol, Tennessee

   

  200 Missionary Ridge, Birmingham, Alabama

   

  10200 Dr Martin Luther King Jr, St., St Petersburg, Florida

   

  3100 Kettering Blvd, Moraine, Ohio

   

  The following properties are leased by Dex Media, Inc.:

   

  8000 Jetstar Drive, Suite 150, Irving, TX 75063

   

  6215 Sheridan Dr., Suites 120 & 200, Williamsville, NY 14221

   

  2200 West Airfield Drive, Bldgs A, B, C, E (3rd floor), Hotel and
    Fitness Center, DFW Airport, Texas 75261

   

  7600 E Orchard Road, Harlequin Plaza, Suites 100N, 270N, 350S &
    160S, Greenwood Village, CO 80111

   

  9500 West Dodge Road, 2nd Floor, Omaha, NE 68114

   

  8501 W. 137th Street, Overland Park, KS 66223

   

  201 Jones Road, 1st Floor, Waltham, MA 02451

   

  13801 Riverport Drive, Suites 100 & 200, Maryland Heights, MO
    63043

   

  13690 Riverport Drive, 2nd Floor, Maryland Heights, MO 63043

   

  611 N. Brand Blvd., Floors 3-5, 12-14 Glendale , CA 91203

   

  450 Carillon Parkway, Suites 110 & 200, St. Petersburg, FL 33716

   

  9140 Arrowpoint Blvd., Suite 100, Charlotte, NC 28273

   

  2245-47 Northlake Parkway, Tucker, GA 30084

   

  
  
    	Schedule 3.05 – Credit Agreement – Page 1

  

  
     

  

  
    

  Schedule 3.09

   

  TAXES

   

  		1.	$18.4M related to unfiled Sales & Use Tax returns related
          to the digital sales channels. On a jurisdictional level, this liability is predominantly less than $750k, with the largest individual
          liability of approximately $2.5M.

   

  		2.	$5.8M related to various other Sales & Use or Business
          Tax exposures.

   

  		3.	$2.2M related to various federal and state income tax exposure
          items.

   

  
  
    	Schedule 3.09 – Credit Agreement – Page 3

  

  
     

  

  
    

  Schedule 3.13

   

  SUBSIDIARIES

   

  Dex Media, Inc. Stockholders

   

  	Holder	 	Shares
	Dex Media Holdings, Inc.	 	3,000

   

  
  
    	Schedule 3.13 – Credit Agreement – Page 1

  

  
     

  

  
    

  Schedule 3.14

   

  INSURANCE

   

  	 	Coverage	 	Carrier	 	Policy

              Inception

              Date	 	Term	 	Policy Number	 	Limit
	 	On-going Policies
	 	 
	1.	General Liability Coverage	 	The Insurance Company of the State of Pennsylvania (AIG)	 	 	 	
          11/17/2018-

          11/17/2019

        	 	GL 5425814	 	
          Occurrence: $1,900,000 Gen. Agg. $10M

          Prod./Compl. Ops.: $4M

          Personal & Adv. Injury: $1,900,000

          Medical Payments: $0

          Damages to Premises Rented:

          $1,900,000

        
	 	 	 	 	 	 	 	 	 	 	 	 
	2.	
          Commercial

          Automobile Coverage

        	 	The Insurance Company of the State of Pennsylvania (AIG)	 	 	 	
          11/17/2018-

          11/17/2019

        	 	CA 9767384	 	Liability Limit: $2,000,000
	 	 	 	 	 	 	 	 	 	 	 	 
	3.	
          Umbrella Liability

          Coverage

        	 	
          North

          American Elite

          Ins. Co. (Swiss

          Re)

        	 	 	 	
          11/17/2018-

          11/17/2019

        	 	UMB2000337 04	 	Primary $25M
	 	 	 	 	 	 	 	 	 	 	 	 
	4.	Excess Liability Coverage	 	ACE Property and Casualty Insurance Company (Chubb)	 	 	 	
          11/17/2018-

          11/17/2019

        	 	XCP G71205587 001	 	$25M xs $25M
	 	 	 	 	 	 	 	 	 	 	 	 
	5.	
          Workers’

          Compensation

          Coverage

        	 	New Hampshire Insurance Company (AIG)	 	 	 	
          11/17/2018-

          11/17/2019

        	 	WC 046912750 (AOS)	 	
          WC-Statutory

          Employers Liability-

          Each accident-$2,000,000

          Policy-$2,000,000

          Each employee-

          $2,000,000

        
	 	 	 	 	 	 	 	 	 	 	 	 
	6.	
          Workers’

          Compensation

          Coverage

        	 	
          American Home Assurance

          Company (AIG)

        	 	 	 	
          11/17/2018-

          11/17/2019

        	 	WC 046912751 (CA)	 	
          WC-Statutory

          Employers Liability-

          Each accident-$2,000,000

          Policy-$2,000,000

          Each employee-

          $2,000,000

        
	 	 	 	 	 	 	 	 	 	 	 	 
	7.	
          Workers’

          Compensation

          Coverage

        	 	New Hampshire Insurance Company (AIG)	 	 	 	
          11/17/2018-

          11/17/2019

        	 	
          WC 046912752

          (MA,ND,OH,WA,WI,WY)

        	 	
          WC-Statutory (MA, WI only)

          Employers Liability

          (ALL)-

          Each accident-$2,000,000

          Policy-$2,000,000 Each employee- $2,000,000

        

   

  
  
    	Schedule 3.14 – Credit Agreement – Page
            1

  

  
     

  

  
    

  	 	Coverage	 	Carrier	 	Policy

              Inception

              Date	 	Term	 	Policy Number	 	Limit
	 	 	 	 	 	 	 	 	 	 	 	 
	8.	
          Workers’

          Compensation

          Coverage

        	 	New Hampshire Insurance Company (AIG)	 	 	 	
          11/17/2018-

          11/17/2019

        	 	
          WC 046912753

          (AZ,IL,KY,NC, NH,NJ,PA,UT,VA,VT)

        	 	
          WC-Statutory

          Employers Liability-

          Each accident-$2,000,000

          Policy-$2,000,000

          Each employee-

          $2,000,000

        
	 	 	 	 	 	 	 	 	 	 	 	 
	9.	
          Workers’

          Compensation

          Coverage

        	 	
          Illinois

          National

          Insurance

          Company

          (AIG)

        	 	 	 	
          11/17/2018-

          11/17/2019

        	 	WC 046912754 (FL)	 	
          WC-Statutory

          Employers Liability-

          Each accident-$2,000,000

          Policy-$2,000,000

          Each employee-

          $2,000,000

        
	 	 	 	 	 	 	 	 	 	 	 	 
	10.	Foreign Liability	 	
          Insurance

          Company of the State of

          Pennsylvania

          (AIG)

        	 	 	 	
          11/17/2018-

          11/17/2019

        	 	WS11001629	 	Foreign Commercial GL, AL, Employee Benefits Liability and Voluntary WC – Various Limits, $1,000,000 or more Via Master Control Program Aggregate $4M
	 	 	 	 	 	 	 	 	 	 	 	 
	11.	Property	 	
          XL Insurance

          America, Inc.

        	 	 	 	
          11/17/2018-

          11/17/2019

        	 	US00010631PR18A	 	$200,000,000
	 	 	 	 	 	 	 	 	 	 	 	 
	12.	
          Directors & Officers

          Liability

          (Primary)

        	 	National Union	 	7/29/2018	 	Annual	 	016198267	 	$10,000,000 Aggregate (Note: Total Program Limits: $75M A//B/C plus $25M A-side)
	 	 	 	 	 	 	 	 	 	 	 	 
	13.	1st XS D&O Liability	 	Beazley	 	7/29/2018	 	Annual	 	V1C227180301	 	
          $10,000,000 xs

          $10,000,000

        
	 	 	 	 	 	 	 	 	 	 	 	 
	14.	2nd XS D&O Liability	 	Allied World	 	7/29/2018	 	Annual	 	0310-2643	 	
          $10,000,000 xs

          $20,000,000

        
	 	 	 	 	 	 	 	 	 	 	 	 
	15.	3rd XS D&O Liability (Quota Share)	 	
          Endurance

          Argo

        	 	7/29/2018	 	Annual	 	
          DOX10096232

          MLX42092640

        	 	
          $20,000,000 xs

          $30,000,000

        
	 	 	 	 	 	 	 	 	 	 	 	 
	16.	4th XS D&O Liability (Quota Share)	 	Ill. National Freedom Aspen	 	7/29/2018	 	Annual	 	
          017028339

          XMF1803646

          MC004JT18

        	 	
          $25,000,000 xs

          $50,000,000

        
	 	 	 	 	 	 	 	 	 	 	 	 
	17.	5th Excess D&O Side A	 	CODA	 	7/29/2018	 	Annual	 	DEX3076C	 	
          $10,000,000 xs

          $75,000,000

        
	 	 	 	 	 	 	 	 	 	 	 	 
	18.	6th Excess D&O Side A	 	AI/G Bermuda	 	7/29/2018	 	Annual	 	17735527	 	
          $10,000,000 xs

          $85,000,000

        
	 	 	 	 	 	 	 	 	 	 	 	 
	19.	7th Excess D&O Side A	 	Allied World Bermuda	 	7/29/2018	 	Annual	 	C031459/003	 	
          $10,000,000 xs

          $95,000,000

        
	 	 	 	 	 	 	 	 	 	 	 	 
	20.	Special Crime	 	Hiscox	 	11/1/2018	 	3 year Term	 	UKA3008631.18	 	$25M per insured event
	 	 	 	 	 	 	 	 	 	 	 	 
	21.	Commercial Crime	 	Berkley	 	11/1/2018	 	Annual	 	BCCR4500294220	 	$ 10M per insured event
	 	 	 	 	 	 	 	 	 	 	 	 
	22.	
          EPL/Fiduciary

          Combined Primary Policy

        	 	National Union (AIG)	 	7/29/18	 	Annual	 	14211639	 	
          EPL: $10,000,000

          Fiduciary: $15,000,000

        

   

  
  
    	Schedule 3.14 – Credit Agreement – Page
            2

  

  
     

  

  
    

  	 	Coverage	 	Carrier	 	Policy

              Inception

              Date	 	Term	 	Policy Number	 	Limit
	 	 	 	 	 	 	 	 	 	 	 	 
	23.	Excess Fiduciary	 	Beazley	 	7/29/18	 	Annual	 	DOX G25106507 003	 	
          $10,000,000 xs

          $10,000,000

        
	 	 	 	 	 	 	 	 	 	 	 	 
	24.	
          Professional/E&O –

          Cyber Liability/Media

          Liability

        	 	AIG	 	11/1/18	 	Annual	 	025829046	 	$10,000,000 per insured event
	 	 	 	 	 	 	 	 	 	 	 	 
	25.	XS Professional/E&O – Cyber Liability/Media Liability	 	Beazley	 	11/1/18	 	Annual	 	WB20B5118201	 	
          $10,000,000 xs

          $10,000,000

        
	 	 	 	 	 	 	 	 	 	 	 	 
	26.	XS Professional/E&O – Cyber Liability/Media Liability	 	Hiscox	 	11/1/18	 	Annual	 	UUA2673856.18	 	
          $10,000,000 xs

          $20,000,000

        
	 	 	 	 	 	 	 	 	 	 	 	 
	27.	XS Professional/E&O – Cyber Liability/Media Liability	 	Nationwide	 	11/1/18	 	Annual	 	XMS1808775	 	
          $5,000,000 xs

          $30,000,000

        

   

  		28.	As part of its insurance coverage, Dex Media Inc. (as successor
          to YP Holdings LLC) and its Subsidiaries are entitled to indemnification rights from AT&T TX Communications Holdco, LLC pursuant
          to the terms, and subject to the conditions of that certain Purchase Agreement, dated as of April 7, 2012, by and between AT&T
          Inc. and Cerberus YP LLC (f/k/a Congo Buyer LLC), that certain Settlement Agreement, dated as of May 8, 2015, by and among Cerberus
          YP LLC, YP Holdings LLC and AT&T Inc. and that certain Framework Agreement, dated as of December 20, 2012, by and among Cerberus
          YP LLC, YP Holdings LLC and AT&T Inc.

   

  		29.	As part of its insurance coverage, pursuant to the terms,
          and subject to the conditions of that certain Assignment and Assumption Agreement, dated as of June 29, 2015, by and between Dex
          Media Inc. (as successor to YP Holdings LLC) and Print Media LLC, Print Media LLC is entitled to indemnification rights from AT&T
          TX Communications Holdco, LLC pursuant to the terms, and subject to the conditions of that certain Purchase Agreement, dated as
          of April 7, 2012, by and between AT&T Inc. and Cerberus YP LLC (f/k/a Congo Buyer LLC), that certain Settlement Agreement,
          dated as of May 8, 2015, by and among Cerberus YP LLC, YP Holdings LLC and AT&T Inc. and that certain Framework Agreement,
          dated as of December 20, 2012, by and among Cerberus YP LLC, YP Holdings LLC and AT&T Inc.

   

  
  
    	Schedule 3.14 – Credit Agreement – Page
            3

  

  
     

  

  
    

  Schedule 3.17

   

  UCC FILING JURISDICTIONS

   

  	Loan Party	 	State of

              Incorporation/

              Formation	 	Filing Office
	Dex Media Holdings, Inc.	 	Delaware	 	Delaware Secretary of State
	Dex Media, Inc.	 	Delaware	 	Delaware Secretary of State

   

  
  
    	Schedule 3.17 – Credit Agreement – Page
            1

  

  
     

  

  
    

  Schedule 3.21

   

  BANK ACCOUNTS

   

  	Entity	 	Bank	 	Acct

              Number	 	Account Name	 	Authorized

              Signors
	Dex Media, Inc	 	JP Morgan Chase	 	xxxxx9218	 	Benefits Funding - LTD Cigna	 	
          Paul Rouse &

          Nicholas Haughey

        
	 	 	 	 	 	 	 	 	 
	Dex Media, Inc	 	JP Morgan Chase	 	xxxxx3857	 	
          Benefits Funding -

          Medical Cigna

        	 	
          Paul Rouse &

          Nicholas Haughey

        
	 	 	 	 	 	 	 	 	 
	Dex Media, Inc	 	JP Morgan Chase	 	xxxxx8609	 	Benefits Funding YP LLC (Cigna Dental)	 	
          Paul Rouse &

          Nicholas Haughey

        
	 	 	 	 	 	 	 	 	 
	Dex Media, Inc	 	Wells Fargo	 	xxxxxx6940	 	Master Operating Acct	 	
          Paul Rouse &

          Nicholas Haughey

        
	 	 	 	 	 	 	 	 	 
	Dex Media, Inc	 	Wells Fargo	 	xxxxxx6716	 	
          Treasury Depository

          Acct

        	 	
          Paul Rouse &

          Nicholas Haughey

        
	 	 	 	 	 	 	 	 	 
	Dex Media, Inc	 	Wells Fargo	 	xxxxxx6724	 	Local Debit Acct	 	
          Paul Rouse &

          Nicholas Haughey

        
	 	 	 	 	 	 	 	 	 
	Dex Media, Inc	 	Wells Fargo	 	xxxxxx0753	 	AP Disbursement	 	
          Paul Rouse &

          Nicholas Haughey

        
	 	 	 	 	 	 	 	 	 
	Dex Media, Inc	 	Wells Fargo	 	xxxxxx0761	 	Payroll Disbursement	 	
          Paul Rouse &

          Nicholas Haughey

        
	 	 	 	 	 	 	 	 	 
	Dex Media, Inc	 	Wells Fargo	 	xxxxxx6957	 	Local Depository Acct	 	
          Paul Rouse &

          Nicholas Haughey

        
	 	 	 	 	 	 	 	 	 
	Dex Media, Inc	 	Wells Fargo	 	xxxxxx6965	 	
          National Depository

          Acct

        	 	
          Paul Rouse &

          Nicholas Haughey

        
	 	 	 	 	 	 	 	 	 
	Dex Media, Inc	 	Wells Fargo	 	xxxxxx6708	 	
          Electronic Depository

          Acct

        	 	
          Paul Rouse &

          Nicholas Haughey

        
	 	 	 	 	 	 	 	 	 
	Dex Media, Inc	 	Wells Fargo	 	xxxxxx6732	 	
          Merchant Cash

          collateral

        	 	
          Paul Rouse &

          Nicholas Haughey

        

   

  
  
    	Schedule 3.21 – Credit Agreement – Page
            1

  

  
     

  

  
    

  	Entity	 	Bank	 	
          Acct

          Number

        	 	Account Name	 	Authorized

              Signors
	Dex Media, Inc	 	Wells Fargo	 	xxxxxx7994	 	YP Master Operating Acct	 	
          Paul Rouse &

          Nicholas Haughey

        
	 	 	 	 	 	 	 	 	 
	Dex Media, Inc	 	Wells Fargo	 	xxxxxx1794	 	PM Master Operating Acct	 	
          Paul Rouse &

          Nicholas Haughey

        
	 	 	 	 	 	 	 	 	 
	Dex Media, Inc	 	Wells Fargo	 	xxxxxx7071	 	
          YP LLC/Zuora

          Receipts

        	 	
          Paul Rouse &

          Nicholas Haughey

        
	 	 	 	 	 	 	 	 	 
	Dex Media, Inc	 	Wells Fargo	 	xxxxxx9373	 	
          YP LLC/Transcentra

          Receipts

        	 	
          Paul Rouse &

          Nicholas Haughey

        
	 	 	 	 	 	 	 	 	 
	Dex Media, Inc	 	Wells Fargo	 	xxxxxx5110	 	
          YP LLC/National

          Print/Digital

        	 	
          Paul Rouse &

          Nicholas Haughey

        
	 	 	 	 	 	 	 	 	 
	Dex Media, Inc	 	Wells Fargo	 	xxxxxx6074	 	
          YP

          LLC/Yellowpages.com

          LLC

        	 	
          Paul Rouse &

          Nicholas Haughey

        
	 	 	 	 	 	 	 	 	 
	Dex Media, Inc	 	Wells Fargo	 	xxxxxx1424	 	YP LLC/CSS National Print	 	
          Paul Rouse &

          Nicholas Haughey

        
	 	 	 	 	 	 	 	 	 
	Dex Media, Inc	 	Wells Fargo	 	xxxxxx1432	 	
          YP LLC/CSS Local

          Pre-Pay and OCA

        	 	
          Paul Rouse &

          Nicholas Haughey

        
	 	 	 	 	 	 	 	 	 
	Dex Media, Inc	 	Wells Fargo	 	xxxxxx6107	 	YP LLC/FMS	 	
          Paul Rouse &

          Nicholas Haughey

        

   

  
  
    	Schedule 3.21 – Credit Agreement – Page
            2

  

  
     

  

  
    

  Schedule 5.01(g)

   

  SUMMARY OF KEY PERFORMANCE INDICATORS

   

  	 	 	Q1	 	Q2	 	Q3	 	Q4
	Revenue	 	 	 	 	 	 	 	 
	Print	 	 	 	 	 	 	 	 
	Thryv	 	 	 	 	 	 	 	 
	Thryv Leads	 	 	 	 	 	 	 	 
	IYP	 	 	 	 	 	 	 	 
	Presence	 	 	 	 	 	 	 	 
	SEM	 	 	 	 	 	 	 	 
	Other Revenue	 	 	 	 	 	 	 	 
	Total Net Revenue	 	 	 	 	 	 	 	 
	Variable Expenses	 	 	 	 	 	 	 	 
	Variable Profit	 	 	 	 	 	 	 	 
	Variable Margin	 	 	 	 	 	 	 	 
	Total Direct Expenses	 	 	 	 	 	 	 	 
	Direct Profit	 	 	 	 	 	 	 	 
	Total Direct Margin	 	 	 	 	 	 	 	 
	Indirect Overhead	 	 	 	 	 	 	 	 
	EBITDA	 	 	 	 	 	 	 	 
	EBITDA Margin	 	 	 	 	 	 	 	 
	Free Cash Flow	 	 	 	 	 	 	 	 
	Cash Balance	 	 	 	 	 	 	 	 
	Debt Balance	 	 	 	 	 	 	 	 
	Cash Interest	 	 	 	 	 	 	 	 
	Cash Income Tax Expense	 	 	 	 	 	 	 	 
	Capex	 	 	 	 	 	 	 	 
	Change in working capital	 	 	 	 	 	 	 	 

   

  
  
    	Schedule 5.01(g) – Credit Agreement – Page
            1

  

  
     

  

  
    

  Schedule 6.01

   

  EXISTING INDEBTEDNESS

   

  Existing ABL Credit Agreement.

   

  
  
    	Schedule 6.01– Credit Agreement – Page
            3

  

  
     

  

  
    

  Schedule 6.02

   

  EXISTING LIENS

   

  None.

   

  
  
    	Schedule 6.02 – Credit Agreement – Page
            1

  

  
     

  

  
    

  Schedule 6.04

   

  EXISTING INVESTMENTS

   

  American Express cash deposit account in the amount of $600,000.

   

  
  
    	Schedule 6.04 – Credit Agreement – Page
            1

  

  
     

  

  
    

  Schedule 6.10

   

  EXISTING RESTRICTIONS

   

  None.

   

  
  
    	Schedule 6.10 – Credit Agreement – Page
            1

  

  
     

  

  
    

  EXHIBIT A

   

  FORM OF ASSIGNMENT AND ASSUMPTION

   

  This Assignment and Assumption
    (the “Assignment and Assumption”) is dated as of the Effective Date set forth below and is entered into between
    the Assignor named below (the “Assignor”) and the Assignee named below (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 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 I
    attached hereto (the “Standard Terms and Conditions”) 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 below (a) all of the Assignor’s rights and obligations in its capacity as a Lender
    under the Credit Agreement and any other documents or instruments delivered pursuant thereto to the extent related to the amount
    and percentage interest identified below of all of such outstanding rights and obligations of the Assignor under the respective
    facilities identified below (including any letters of credit, guarantees included in such facilities) and (b) 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 (a) above (the rights and obligations sold and assigned
    pursuant to clauses (a) and (b) 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/Approved Fund of [identify Lender]](1)
	 	 	 
	3.	Borrower(s):	 
	 	 	 
	4.	Administrative Agent: 	Wilmington Trust, National Association, as administrative agent under the Credit Agreement
	 	 	 
	5.	Credit Agreement:	Amended and Restated Credit Agreement dated as of December 31, 2018, among Dex Media, Inc., a Delaware corporation, as borrower, Dex Media Holdings, Inc., a Delaware corporation, the
            Lenders party thereto and Wilmington Trust, National Association, as Administrative Agent

   

  (1) Select if applicable.

   

  
  
    	 

  

  
     

  

  
    

  		6.	Assigned Interest:

   

  	Aggregate Amount of
              

              Loans for all Lenders	 	Amount of Loans

              Assigned	 	Percentage Assigned of

              Loans(2)
	$	 	$	 	%
	$	 	$	 	%
	$	 	 	 	 

   

  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, the Loan Parties and their Affiliates or their respective
    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. The terms set forth in this Assignment and Assumption are hereby
    agreed to:

   

  	 	ASSIGNOR
	 	 	 
	 	NAME OF ASSIGNOR
	 	 	 
	 	By:	 
	 	Title:
	 	 	 
	 	ASSIGNEE
	 	 	 
	 	NAME OF ASSIGNEE
	 	 	 
	 	By:	        
	 	Title:

   

  (2) Set forth, to at least 9 decimals, as a percentage
    of the Loans of all Lenders.

   

  
  
    	 

  

  
     

  

  
   

  	[Consented to and](3) Accepted:	 
	 	 
	WILMINGTON TRUST, NATIONAL ASSOCIATION,	 
	as Administrative Agent	 
	 	 	 
	By	               	 
	Title:	 
	 	 	 
	[Consented to:](4)	 
	 	 
	DEX MEDIA, INC.	 
	 	 	 
	By	 	 
	Title:	 

   

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

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

   

  
  
    	 

  

  
     

  

  
    

  ANNEX I

   

  STANDARD TERMS AND CONDITIONS FOR ASSIGNMENT
    AND ASSUMPTION

   

  1.           Representations
      and Warranties.

   

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

   

  1.2          Assignee.
    The Assignee (a) represents and warrants that (i) it has full power and authority, and has taken all action necessary, to execute
    and deliver this Assignment and Assumption and to consummate the transactions contemplated hereby and to become a Lender under
    the Credit Agreement, (ii) it satisfies the requirements, if any, specified in the Credit Agreement that are required to be satisfied
    by it in order to acquire the Assigned Interest and become a Lender, (iii) from and after the Effective Date, it shall be bound
    by the provisions of the Credit Agreement as a Lender thereunder and, to the extent of the Assigned Interest, shall have the obligations
    of a Lender thereunder, (iv) it has received a copy of the Credit Agreement, together with copies of the most recent financial
    statements delivered pursuant to Section 5.01 thereof, and such other documents and information as it has 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 (v) if it is a Foreign Lender, attached to the Assignment and Assumption is any documentation required to be delivered
    by it pursuant to the terms of the Credit Agreement, duly completed and executed by the Assignee and (b) agrees that (i) it will,
    independently and without reliance on the Administrative Agent, the Assignor or any other Lender, and based on such documents and
    information as it shall deem appropriate at the time, continue to make its own credit decisions in taking or not taking action
    under the Loan Documents and (ii) it will perform in accordance with their terms all of the obligations which by the terms of the
    Loan Documents are required to be performed by it as a Lender.

   

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

   

  3.           General
      Provisions. 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 email
    or telecopy 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 LAW OF THE STATE OF NEW YORK.

   

  
  
    	 

  

  
     

  

  
    

  EXHIBIT B

   

  FORM OF AMENDED AND RESTATED GUARANTEE AND
      COLLATERAL

  AGREEMENT

   

  [Attached]

   

  
  
    	 

  

  
     

  

  
    

  EXECUTION VERSION

   

  SECOND AMENDED AND RESTATED

    GUARANTEE AND COLLATERAL AGREEMENT

   

  SECOND AMENDED AND RESTATED
    GUARANTEE AND COLLATERAL AGREEMENT, dated as of December 31, 2018 between Dex Media Holdings, Inc., a Delaware corporation (“Holdings”),
    Dex Media, Inc., a Delaware corporation (the “Borrower”) and each entity, if any, that becomes a “Subsidiary
    Guarantor” hereunder as contemplated by Section 7.12 (individually, a “Subsidiary Guarantor” and, collectively,
    the “Subsidiary Guarantors” and, together with Holdings, collectively, the “Guarantors”,
    and the Guarantors together with the Borrower, collectively, the “Obligors”), and Wilmington Trust, National
    Association, as administrative agent for the parties defined as “Lenders” under the Credit Agreement referred to below
    (in such capacity, together with its successors in such capacity, the “Administrative Agent”).

   

  WHEREAS, Holdings, the Borrower,
    the Lenders and the Administrative Agent, among others, are parties to that certain Amended and Restated Credit Agreement, dated
    as of the date hereof (as amended, restated, amended and restated, supplemented or otherwise modified from time to time, the “Credit
      Agreement”), pursuant to which the Lenders have made and will make certain financial accommodations for the Borrower;

   

  WHEREAS, the Borrower, the
    Subsidiary Guarantors party thereto and the Administrative Agent are parties to that certain Amended and Restated Guarantee and
    Collateral Agreement, dated as of June 30, 2017 (as in effect immediately prior to the effectiveness hereof, the “Existing
      Guarantee and Collateral Agreement”), pursuant to which, among other things, (i) the Subsidiary Guarantors party thereto
    guaranteed the Guaranteed Obligations (as defined therein) and (ii) the Obligors, as defined thereunder, granted a security interest
    in the Collateral described in the Existing Guarantee and Collateral Agreement as security for the Secured Obligations (as defined
    therein);

   

  WHEREAS, the Borrower is
    a member of an affiliated group of Persons that includes Holdings and the Subsidiary Guarantors;

   

  WHEREAS, Holdings and each
    Subsidiary Guarantor will derive substantial direct and indirect benefits from the Credit Agreement (which benefits are hereby
    acknowledged by Holdings and each Subsidiary Guarantor);

   

  WHEREAS, it is a condition
    precedent to the effectiveness of the Credit Agreement that Holdings, the Borrower and each Subsidiary Guarantor shall have executed
    and delivered this Agreement (as hereinafter defined) to the Administrative Agent; and

   

  WHEREAS, to induce the Lenders
    to enter into the Credit Agreement and for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged,
    the Guarantors have agreed, subject to the terms hereof, to guarantee the Guaranteed Obligations (as hereinafter defined) and the
    Obligors have agreed to grant a security interest in the Collateral (as hereinafter defined) as security for the Secured Obligations
    (as hereinafter defined).

   

  ACCORDINGLY, in consideration
    of the agreements set forth herein and in the Credit Agreement, the parties hereto agree that the Existing Guarantee and Collateral
    Agreement shall be and is hereby amended and restated in its entirety as follows:

   

  
  
    	 

  

  
     

  

  
  

   

  Section 1. Definitions, Etc.

   

  1.01        Certain
      Uniform Commercial Code Terms. As used herein, the terms “Accession”, “Account”, “As-Extracted
      Collateral”, “Chattel Paper”, “Commodity Account”, “Commodity Contract”,
    “Deposit Account”, “Document”, “Electronic Chattel Paper”, “Equipment”,
    “Farm Products”, “Fixture”, “General Intangible”, “Goods”,
    “Instrument”, “Inventory”, “Investment Property”, “Letter-of-Credit
      Right”, “Manufactured Home”, “Payment Intangible”, “Proceeds”,
    “Promissory Note”, “Supporting Obligation” and “Tangible Chattel Paper”
    have the respective meanings set forth in Article 9 of the NYUCC, and the terms “Certificated Security”, “Entitlement
      Holder”, “Financial Asset”, “Instruction”, “Securities Account”,
    “Security”, “Security Certificate”, “Security Entitlement” and “Uncertificated
      Security” have the respective meanings set forth in Article 8 of the NYUCC.

   

  1.02        Additional
      Definitions. In addition, as used herein, in addition to the terms defined in the preamble hereto:

   

  “Agreement”
    means this Second Amended and Restated Guarantee and Collateral Agreement, as the same may be amended, supplemented or otherwise
    modified from time to time.

   

  “Cash Management
      Agreement” means any agreement to provide cash management services, including treasury, depository, overdraft, credit,
    purchase or debit card, electronic funds transfer and other cash management arrangements, and to which Holdings or any of its Subsidiaries
    is a party.

   

  “Cash Management
      Bank” means (a) any Lender or Affiliate of a Lender that is party to a Cash Management Agreement, (b) any financial institution
    that is party to a Cash Management Agreement that was a Lender or Affiliate of a Lender on the Closing Date, and (c) any other
    bank or financial institution that provides services under a Cash Management Agreement that has been designated in writing by the
    Borrower to the Administrative Agent as a “Cash Management Bank”.

   

  “Cash Management
      Obligation” means any obligation owed by Holdings or any Subsidiary thereof under any Cash Management Agreement to a
    Cash Management Bank.

   

  “Collateral” has the meaning assigned
    to such term in Section 4.

   

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

   

  “Contract”
    means all written contracts and agreements between any Obligor and any other Person (in each case, whether third party or intercompany)
    as the same may be amended, extended, restated, amended and restated, supplemented, replaced or otherwise modified from time to
    time, including (i) all rights of any Obligor to receive moneys due and to become due to it thereunder or in connection therewith,
    (ii) all rights of any Obligor to receive proceeds of any insurance, indemnity, warranty or guaranty with respect thereto, (iii)
    all rights of any Obligor to damages arising thereunder and (iv) all rights of any Obligor to terminate and to perform and compel
    performance of, such contracts and to exercise all remedies thereunder.

   

  
  
    	-
            2 - 

  

  
     

  

  
    

  “Copyright Collateral”
    means all Copyrights, whether now owned or hereafter acquired by any Obligor, including each Copyright identified in Annex 3.

   

  “Copyrights”
    means all copyrights, copyright registrations and applications for copyright registrations, including all renewals and extensions
    thereof, all rights to recover for past, present or future infringements thereof and all other rights whatsoever accruing thereunder
    or pertaining thereto.

   

  “Excluded Accounts”
    has the meaning assigned to such term in Section 5.

   

  “Excluded Collateral”
    has the meaning assigned to such term in Section 4.

   

  “Foreign Subsidiary”
    means (i) a Subsidiary organized under the laws of a jurisdiction located outside the United States of America or (ii) a Subsidiary
    of any Person described in the foregoing clause (i).

   

  “Government Contract”
    means any Contract of an Obligor with any governmental authority.

   

  “Government Receivable”
    means any Receivable of an Obligor pursuant to or in connection with a Government Contract.

   

  “Guaranteed Obligations”
    has the meaning assigned to such term in Section 2.01.

   

  “Initial Pledged
      Shares” means the Shares of each Issuer beneficially owned by any Obligor on the date hereof and identified in Annex
      2 (Part A).

   

  “Insurance”
    means all property and casualty insurance policies covering any or all of the Collateral (regardless of whether the Administrative
    Agent is the loss payee thereof).

   

  “Intellectual Property”
    means, collectively, all Copyright Collateral, all Patent Collateral and all Trademark Collateral, together with (a) all inventions,
    processes, production methods, proprietary information, know-how and trade secrets; (b) all licenses or user or other agreements
    granted to any Obligor with respect to any of the foregoing, in each case whether now or hereafter owned or used; (c) intellectual
    property rights in all information, customer lists, identification of suppliers, data, plans, blueprints, specifications, designs,
    drawings, recorded knowledge, surveys, engineering reports, test reports, manuals, materials standards, processing standards, performance
    standards, catalogs, computer and automatic machinery software and programs; (d) intellectual property rights in all field repair
    data, sales data and other information relating to sales or service of products now or hereafter manufactured; (e) intellectual
    property rights in all accounting information and all media in which or on which any information or knowledge or data or records
    may be recorded or stored and all computer programs used for the compilation or printout of such information, knowledge, records
    or data; and (f) all income, royalties, damages and payments now or hereafter due and/or payable under or with respect thereto.

   

  “Issuers”
    means, collectively, (a) the respective Persons identified on Annex 2 (Part A) under the caption “Issuer”,
    (b) any other Person that shall at any time be a Subsidiary of any Obligor, and (c) the issuer of any equity securities hereafter
    owned by any Obligor.

   

  
  
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  “Margin Stock”
    has the meaning assigned to such term in Regulation U of the Board of Governors of the Federal Reserve System of the United States
    as from time to time in effect and all official rulings and interpretations thereunder or thereof.

   

  “Motor Vehicles”
    means motor vehicles, tractors, trailers and other like property, if the title thereto is governed by a certificate of title or
    ownership.

   

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

   

  “Patent Collateral”
    means all Patents, whether now owned or hereafter acquired by any Obligor, including each Patent identified in Annex 3,
    and all income, royalties, damages and payments now or hereafter due and/or payable under or with respect thereto.

   

  “Patents”
    means all patents and patent applications, including the inventions and improvements described and claimed therein together with
    the reissues, divisions, continuations, renewals, extensions and continuations-in-part thereof, all income, royalties, damages
    and payments now or hereafter due and/or payable with respect thereto, all damages and payments for past or future infringements
    thereof and rights to sue therefor, and all rights corresponding thereto throughout the world.

   

  “Pledged Shares”
    means, collectively, (i) the Initial Pledged Shares and (ii) all other Shares of any Issuer now or hereafter owned by any Obligor,
    which are required to be Pledged hereunder pursuant to the terms hereof, together in each case with (a) all certificates representing
    the same, (b) all Shares, securities, moneys or other property representing a dividend on or a distribution or return of capital
    on or in respect of the Pledged Shares, or resulting from a split-up, revision, reclassification or other like change of the Pledged
    Shares or otherwise received in exchange therefor, and any warrants, rights or options issued to the holders of, or otherwise in
    respect of, the Pledged Shares, and (c) without prejudice to any provision of any of the Loan Documents prohibiting any merger
    or consolidation by an Issuer, all Shares of any successor entity of any such merger or consolidation.

   

  “Receivable”
    means all Accounts and any other right to payment for goods or other property sold, leased, licensed or otherwise disposed of or
    for services rendered, whether or not such right is evidenced by an Instrument or Chattel Paper or classified as a Payment Intangible
    and whether or not it has been earned by performance. References herein to Receivables shall include any Supporting Obligation
    or collateral securing such Receivable.

   

  “Secured Parties”
    means, collectively, the Lenders, the Cash Management Banks, any Secured Swap Provider and the Administrative Agent, any other
    holder from time to time of any of the Secured Obligations and, in each case, their respective successors and permitted assigns.

   

  “Secured Obligations”
    means, collectively, (a) in the case of the Borrower, all Obligations of the Borrower under the Loan Documents and (b) in the case
    of the Guarantors, all obligations of the Guarantors in respect of their guarantee under Section 2 and other obligations
    of the Guarantors under the Loan Documents, (c) in the case of each of the foregoing, including all interest thereon and expenses
    related thereto, in each case, to the extent required to be paid by the Obligors pursuant to the express terms of this Agreement
    or any other Loan Document, including any interest, fees, premium or expenses accruing or arising after the commencement of any
    case with respect to the Borrower under the Bankruptcy Code or any other bankruptcy or insolvency law (whether or not such interest,
    fees, premium or expenses are enforceable, allowed or allowable as a claim in whole or in part in such case), (d) the Cash Management
    Obligations and (e) the Secured Swap Obligations.

   

  
  
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  “Secured Swap Obligations”
    means, any obligations owed by an Obligor to a Secured Swap Provider under a Specified Swap Agreement; provided that the
    Secured Swap Obligations shall not include any Excluded Swap Obligations.

   

  “Secured Swap Provider”
    means a Person with whom an Obligor has entered into a Specified Swap Agreement arranged by any Lender or any Affiliate of a Lender
    and any assignee thereof which is a Lender or Affiliate of a Lender.

   

  “Shares”
    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 of whatever nature, and any warrants, options or other rights entitling
    the holder thereof to purchase or acquire any of the foregoing.

   

  “Specified Swap
      Agreement” means any Swap Agreement entered into by an Obligor provided or arranged by any Person who was a Lender or
    an Affiliate of a Lender at the time such Swap Agreement was entered into.

   

  “Trademark Collateral”
    means all Trademarks, whether now owned or hereafter acquired by any Obligor, including each Trademark identified in Annex 3,
    together, in each case, with the goodwill of the business and product lines connected with the use of, and symbolized by, each
    such Trademark. Notwithstanding the foregoing, the Trademark Collateral does not and shall not include any Trademark that would
    be rendered invalid, abandoned, void or unenforceable by reason of its being included as part of the Trademark Collateral.

   

  “Trademarks”
    means all trade names, trademarks and service marks, logos, trademark and service mark registrations, and applications for trademark
    and service mark registrations, including all renewals of trademark and service mark registrations, all rights to recover for all
    past, present and future infringements thereof and all rights to sue therefor, and all rights corresponding thereto throughout
    the world.

   

  1.03        Terms
      Generally. Terms used herein and not otherwise defined herein are used herein as defined in the Credit Agreement. 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 or in the Credit Agreement), (b) any reference herein to any Person shall
    be construed to include such Person’s successors and permitted assigns, (c) 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, (d) all references herein to Sections, Exhibits and Annexes shall be construed to refer to
    Sections of, and Exhibits and Annexes to, this Agreement, (e) any reference to any law or regulation herein shall, unless otherwise
    specified, refer to such law or regulation as amended, supplemented or otherwise modified from time to time, (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, (g) the word “from” when used in connection
    with a period of time means “from and including” and the word “until” means “to but not including”
    and (h) references to days, months, quarters and years refer to calendar days, months, quarters and years, respectively.

   

  
  
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  Section 2. Guarantee.

   

  2.01        The
      Guarantee. The Guarantors hereby jointly and severally guarantee to each of the Secured Parties and their respective successors
    and permitted assigns (a) the Obligations, (b) any Secured Swap Obligations and (c) any Cash Management Obligations (such obligations
    being herein collectively called the “Guaranteed Obligations”). The Guarantors hereby further jointly and severally
    agree that if the Borrower shall fail to pay in full when due (whether at stated maturity, by acceleration or otherwise, including
    amounts that would become due but for the operation of the automatic stay under the Bankruptcy Code) any of the Guaranteed Obligations
    strictly in accordance with the terms of any document or agreement evidencing any such Guaranteed Obligations, including in the
    amounts, in the currency and at the place expressly agreed to thereunder, irrespective of and without giving effect to any law,
    order, decree or regulation in effect from time to time of the jurisdiction where the Borrower, any Guarantor or any other Person
    obligated on any such Guaranteed Obligations is located, the Guarantors will promptly pay the same, without any demand or notice
    whatsoever, and that in the case of any extension of time of payment or renewal of any of the Guaranteed Obligations, the same
    will be promptly paid in full in cash when due (whether at extended maturity, by acceleration or otherwise) in accordance with
    the terms of such extension or renewal.

   

  2.02        Obligations
      Unconditional. Guaranteed Obligations of the Guarantors under Section 2.01 are primary, absolute and unconditional,
    joint and several, irrespective of the value, genuineness, validity, regularity or enforceability of the Obligations of the Borrower
    under the Credit Agreement or any other agreement or instrument referred to herein or therein, or any substitution, release or
    exchange of any other guarantee of or security for any of the Guaranteed Obligations, and, to the fullest extent permitted by applicable
    law, irrespective of any other circumstance whatsoever that might otherwise constitute a legal or equitable discharge or defense
    of a surety or guarantor (other than the defense of payment in full of the Obligations), it being the intent of this Section
      2.02 that the Guaranteed Obligations of the Guarantors hereunder shall be absolute and unconditional, joint and several, under
    any and all circumstances and shall apply to any and all Guaranteed Obligations now existing or in the future arising. Without
    limiting the foregoing, each Guarantor agrees that:

   

  (a)          Guarantee
      Absolute. The occurrence of any one or more of the following shall not affect the enforceability of this Agreement in
    accordance with its terms or affect, limit, reduce, discharge or terminate the liability of the Guarantors hereunder, or the
    rights, remedies, powers and privileges of any of the Secured Parties, under this Agreement:

   

  
  
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  (i)           at
    any time or from time to time, without notice to the Guarantors, the time, place or manner for any performance of or compliance
    with any of the Guaranteed Obligations shall be amended or extended, or such performance or compliance shall be waived;

   

  (ii)          any
    of the acts mentioned in any of the provisions of the Credit Agreement or any other agreement or instrument referred to herein
    or therein shall be done or omitted;

   

  (iii)         the
    maturity of any of the Guaranteed Obligations shall be accelerated, or any of the Guaranteed Obligations shall be modified, supplemented
    or amended in any respect, or any right under the Credit Agreement or any other agreement or instrument referred to herein or therein
    shall be waived or any other guarantee of any of the Guaranteed Obligations or any security therefor shall be released or exchanged
    in whole or in part or otherwise dealt with;

   

  (iv)         any
    lien or security interest granted to, or in favor of, any Secured Parties as security for any of the Guaranteed Obligations shall
    be released or shall fail to be perfected;

   

  (v)          any
    application by any of the Secured Parties of the proceeds of any other guaranty of or insurance for any of the Guaranteed Obligations
    to the payment of any of the Guaranteed Obligations;

   

  (vi)         any
    settlement, compromise, release, liquidation or enforcement by any of the Secured Parties of any of the Guaranteed Obligations;

   

  (vii)        the
    giving by any of the Secured Parties of any consent to the merger or consolidation of, the sale of substantial assets by, or other
    restructuring or termination of the corporate existence of, the Borrower or any other Person, or to any disposition of any Shares
    by the Borrower or any other Person;

   

  (viii)       any
    proceeding by any of the Secured Parties against the Borrower or any other Person or in respect of any collateral for any of the
    Guaranteed Obligations, or the exercise by any of the Secured Parties of any of their rights, remedies, powers and privileges under
    the Loan Documents, regardless of whether any of the Secured Parties shall have proceeded against or exhausted any collateral,
    right, remedy, power or privilege before proceeding to call upon or otherwise enforce this Agreement;

   

  (ix)          the
    entering into any other transaction or business dealings with the Borrower or any other Person; or

   

  (ix)          any
    combination of the foregoing.

   

  
  
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  (b)          Waiver
      of Defenses. The enforceability of this Agreement and the liability of the Guarantors and the rights, remedies, powers and
    privileges of the Secured Parties under this Agreement shall not be affected, limited, reduced, discharged or terminated, and each
    Guarantor hereby expressly waives to the fullest extent permitted by law any defense now or in the future arising, by reason of:

   

  (i)           the
    illegality, invalidity or unenforceability of any of the Guaranteed Obligations, any Loan Document or any other agreement or instrument
    whatsoever relating to any of the Guaranteed Obligations;

   

  (ii)          any
    disability or other defense with respect to any of the Guaranteed Obligations, including the effect of any statute of limitations,
    that may bar the enforcement thereof or the obligations of such Guarantor relating thereto;

   

  (iii)         the
    illegality, invalidity or unenforceability of any other guaranty of or insurance for any of the Guaranteed Obligations or any lack
    of perfection or continuing perfection or failure of the priority of any Lien on any collateral for any of the Guaranteed Obligations;

   

  (iv)         the
    cessation, for any cause whatsoever, of the liability of the Borrower or any Guarantor with respect to any of the Guaranteed Obligations;

   

  (v)          any
    failure of any of the Secured Parties to marshal assets, to exhaust any collateral for any of the Guaranteed Obligations, to pursue
    or exhaust any right, remedy, power or privilege it may have against the Borrower or any other Person, or to take any action whatsoever
    to mitigate or reduce the liability of any Guarantor under this Agreement, the Secured Parties being under no obligation to take
    any such action notwithstanding the fact that any of the Guaranteed Obligations may be due and payable and that the Borrower may
    be in default of its obligations under any Loan Document;

   

  (vi)         any
    counterclaim, set-off or other claim which the Borrower or any Guarantor has or claims with respect to any of the Guaranteed Obligations;

   

  (vii)        any
    failure of any of the Secured Parties to file or enforce a claim in any bankruptcy, insolvency, reorganization or other proceeding
    with respect to any Person;

   

  (viii)       any
    bankruptcy, insolvency, reorganization, winding-up or adjustment of debts, or appointment of a custodian, liquidator or the like
    of it, or similar proceedings commenced by or against the Borrower or any other Person, including any discharge of, or bar, stay
    or injunction against collecting, any of the Guaranteed Obligations (or any interest on any of the Guaranteed Obligations) in or
    as a result of any such proceeding;

   

  (ix)          any
    action taken by any of the Secured Parties that is authorized by this Section 2.02 or otherwise in this Agreement or by
    any other provision of any Loan Document, or any omission to take any such action; and

   

  
  
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  (xi)         any
    other circumstance whatsoever that might otherwise constitute a legal or equitable discharge or defense of a surety or guarantor
    (other than the defense of payment in full of the Obligations).

   

  (c)          Waiver
      of Set-off and Counterclaim, Etc. Each Guarantor expressly waives, to the fullest extent permitted by law, for the benefit
    of each of the Secured Parties, any right of set-off and counterclaim with respect to payment of its obligations hereunder, and
    all diligence, presentment, demand for payment or performance, notice of nonpayment or nonperformance, protest, notice of protest,
    notice of dishonor and all other notices or demands whatsoever, and any requirement that any of the Secured Parties exhaust any
    right, remedy, power or privilege or proceed against the Borrower under the Credit Agreement or any other Loan Document or any
    other agreement or instrument referred to herein or therein, or against any other Person, and all notices of acceptance of this
    Agreement or of the existence, creation, incurring or assumption of new or additional Guaranteed Obligations. Each Guarantor further
    expressly waives the benefit of any and all statutes of limitation, to the fullest extent permitted by applicable law.

   

  (d)          Other
      Waivers. Each Guarantor expressly waives, to the fullest extent permitted by law, for the benefit of each of the Secured Parties,
    any right to which it may be entitled:

   

  (i)           that
    the assets of the Borrower first be used, depleted and/or applied in satisfaction of the Guaranteed Obligations prior to any amounts
    being claimed from or paid by such Guarantor;

   

  (ii)          to
    require that the Borrower be sued and all claims against the Borrower be completed prior to an action or proceeding being initiated
    against such Guarantor; and

   

  (iii)         to
    have its obligations hereunder be divided among the Guarantors, such that each Guarantor’s obligation would be less than
    the full amount claimed.

   

  2.03        Reinstatement.
    The obligations of the Guarantors under this Section 2 shall be automatically reinstated if and to the extent that for any
    reason any payment by or on behalf of any Guarantor in respect of the Guaranteed Obligations is rescinded or must be otherwise
    restored by any holder of any of the Guaranteed Obligations, whether as a result of any proceedings in bankruptcy, insolvency or
    reorganization or otherwise, and the Guarantors jointly and severally agree that they will indemnify the Secured Parties on demand
    for all reasonable and documented out-of-pocket costs and expenses (including fees of counsel) incurred by the Secured Parties
    in connection with such rescission or restoration, including any such costs and expenses incurred in defending against any claim
    alleging that such payment constituted a preference, fraudulent transfer or similar payment under any bankruptcy, insolvency or
    similar law; provided that such indemnity shall not, as to any Secured Party, be available to the extent that such cost
    and expenses are determined by a court of competent jurisdiction by final and nonappealable judgment to have resulted from the
    gross negligence or willful misconduct of such Secured Party.

   

  
  
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  2.04        Subrogation.
    The Guarantors hereby jointly and severally agree that until Payment in Full of the Obligations and the expiration and termination
    of the Commitments of the Lenders under the Credit Agreement, they shall not exercise any right or remedy arising by reason of
    any performance by them of their guarantee in Section 2.01, whether by subrogation or otherwise, against the Borrower or
    any other guarantor of any of the Guaranteed Obligations or any security for any of the Guaranteed Obligations. All rights and
    claims arising under this Section 2.04 or based upon or relating to any other right of reimbursement, indemnification, contribution
    or subrogation that may at any time arise or exist in favor of any Guarantor as to any payment on account of the Guaranteed Obligations
    made by it or received or collected from its property shall be fully subordinated in all respects to the prior payment in full
    of the Obligations (other than contingent indemnification obligations for which no claim has been made). Until the Payment in Full
    of the Obligations, no Guarantor shall demand or receive any collateral security, payment or distribution whatsoever (whether in
    cash, property or securities or otherwise) on account of any such right or claim. If any such payment or distribution is made or
    becomes available to any Guarantor in any bankruptcy case or receivership, insolvency or liquidation proceeding, such payment or
    distribution shall be delivered by the Person making such payment or distribution directly to the Administrative Agent, for application
    to the payment of the Guaranteed Obligations. If any such payment or distribution is received by any Guarantor, it shall be held
    by such Guarantor in trust, as trustee of an express trust for the benefit of the Secured Parties, and shall forthwith be transferred
    and delivered by such Guarantor to the Administrative Agent, in the exact form received and, if necessary, duly endorsed.

   

  2.05        Remedies.
    The Guarantors jointly and severally agree that, as between the Guarantors and the Lenders, the obligations of the Borrower under
    the Credit Agreement may be declared to be forthwith due and payable as provided in the Credit Agreement (and shall be deemed to
    have become automatically due and payable in the circumstances provided therein) for purposes of Section 2.01 notwithstanding
    any stay, injunction or other prohibition preventing such declaration (or such obligations from becoming automatically due and
    payable) as against the Borrower and that, in the event of such declaration (or such obligations being deemed to have become automatically
    due and payable), such obligations (whether or not due and payable by the Borrower) shall forthwith become due and payable by the
    Guarantors for purposes of Section 2.01.

   

  2.06        Instrument
      for the Payment of Money. Each Guarantor hereby acknowledges that the guarantee in this Section 2 constitutes an instrument
    for the payment of money, and consents and agrees that any Secured Party, at its sole option, in the event of a dispute by such
    Guarantor in the payment of any moneys due hereunder, shall have the right to bring motion-action under New York Civil Practice
    Law and Rules Section 3213.

   

  2.07        Continuing
      Guarantee. The guarantee in this Section 2 is a continuing guarantee and is a guaranty of payment and not merely of
    collection, and shall apply to all Guaranteed Obligations whenever arising.

   

  2.08        Rights
      of Contribution. The Guarantors hereby agree, as between themselves, that if any Guarantor shall become an Excess Funding Guarantor
    (as defined below) by reason of the payment by such Guarantor of any Guaranteed Obligations, then each other Guarantor shall, on
    demand of such Excess Funding Guarantor (but subject to the next sentence), pay to such Excess Funding Guarantor an amount equal
    to such Guarantor’s Pro Rata Share (as defined below and determined, for this purpose, without reference to the properties,
    debts and liabilities of such Excess Funding Guarantor) of the Excess Payment (as defined below) in respect of such Guaranteed
    Obligations. The payment obligation of a Guarantor to any Excess Funding Guarantor under this Section 2.08 shall be subordinate
    and subject in right of payment to the prior payment in full of the obligations of such Guarantor under the other provisions of
    this Section 2 and such Excess Funding Guarantor shall not exercise any right or remedy with respect to such excess until
    Payment in Full of all such Obligations.

   

  
  
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  For purposes of this Section
      2.08, (i) “Excess Funding Guarantor” means, in respect of any Guaranteed Obligations, a Guarantor that has
    paid an amount in excess of its Pro Rata Share of such Guaranteed Obligations, (ii) “Excess Payment” means,
    in respect of any Guaranteed Obligations, the amount paid by an Excess Funding Guarantor in excess of its Pro Rata Share of such
    Guaranteed Obligations and (iii) “Pro Rata Share” means, for any Guarantor, the ratio (expressed as a percentage)
    of (x) the amount by which the aggregate fair saleable value of all properties of such Guarantor (excluding any Shares of stock
    or other equity interest of any other Guarantor) exceeds the amount of all the debts and liabilities of such Guarantor (including
    contingent, subordinated, unmatured and unliquidated liabilities, but excluding the obligations of such Guarantor hereunder and
    any obligations of any other Guarantor that have been Guaranteed by such Guarantor) to (y) the amount by which the aggregate fair
    saleable value of all properties of the Borrower and all of the Guarantors exceeds the amount of all the debts and liabilities
    (including contingent, subordinated, unmatured and unliquidated liabilities, but excluding the obligations of the Guarantors hereunder
    and under the other Loan Documents) of all of the Guarantors, determined (A) with respect to any Guarantor that is a party hereto
    on the Closing Date, as of the Closing Date, and (B) with respect to any other Guarantor, as of the date such Guarantor becomes
    a Guarantor hereunder.

   

  2.09        General
      Limitation on Guarantee Obligations. In any action or proceeding involving any state corporate law, or any state or Federal
    bankruptcy, insolvency, reorganization or other law affecting the rights of creditors generally, if the obligations of any Guarantor
    under Section 2.01 would otherwise, taking into account the provisions of Section 2.08, be held or determined to
    be void, invalid or unenforceable, or subordinated to the claims of any other creditors, on account of the amount of its liability
    under Section 2.01, then, notwithstanding any other provision hereof to the contrary, the amount of such liability shall,
    without any further action by such Guarantor, any Secured Party or any other Person, be automatically limited and reduced to the
    highest amount that is valid and enforceable and not subordinated to the claims of other creditors as determined in such action
    or proceeding. Each Guarantor agrees that the Guaranteed Obligations may at any time and from time to time be incurred or permitted
    in an amount exceeding the maximum liability of such Guarantor under this Section 2.09 without impairing the guarantee contained
    in this Section 2 or affecting the rights and remedies of any Secured Party hereunder.

   

  2.10        Indemnity
      by Borrower. In addition to all such rights of indemnity and subrogation as the Guarantors may have under applicable law (but
    subject to Section 2.04), the Borrower agrees that (a) in the event a payment shall be made by any Guarantor under this
    Agreement, the Borrower shall indemnify such Guarantor for the full amount of such payment and such Guarantor shall be subrogated
    to the rights of the Person to whom such payment shall have been made to the extent of such payment and (b) in the event any assets
    of any Guarantor shall be sold pursuant to this Agreement or any other Security Document to satisfy in whole or in part the Guaranteed
    Obligations, the Borrower shall indemnify such Guarantor in an amount equal to the greater of the book value or the fair market
    value of the assets so sold.

   

  2.11        Payments.
    All payments by each Guarantor under this Agreement shall be made in Dollars, in immediately available funds, without deduction,
    setoff or counterclaim, to the Administrative Agent in the manner specified in the Credit Agreement (including Section 2.12
    thereof as it relates to taxes) or as shall otherwise be specified by the Administrative Agent.

   

  
  
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  Section 3. Representations
      and Warranties. Each Obligor represents and warrants to the Lenders and the Administrative Agent for the benefit of the Secured
    Parties that:

   

  3.01        Non-Reliance.
    In executing and delivering this Agreement, such Obligor has (i) without reliance on the Administrative Agent or any Lender, or
    any information received from the Administrative Agent or any Lender, and based upon such documents and information it deems appropriate,
    made an independent investigation of the transactions contemplated hereby and of the Borrower, the Borrower’s business, assets,
    operations, prospects and condition, financial or otherwise, and any circumstances which may bear upon such transactions, the Borrower
    or the obligations and risks undertaken herein with respect to the Guaranteed Obligations, (ii) adequate means to obtain from the
    Borrower on a continuing basis information concerning the Borrower, (iii) has full and complete access to the Loan Documents and
    any other documents executed in connection with the Loan Documents and (iv) not relied and will not rely upon any representations
    or warranties of the Administrative Agent or any Lender not embodied herein or any acts heretofore or hereafter taken by the Administrative
    Agent or any Lender (including any review by the Administrative Agent or any Lender of the affairs of the Borrower).

   

  3.02        Title.
    Each Obligor is the sole beneficial owner of the Collateral in which it purports to grant a security interest pursuant to Section
      4 and no Lien exists upon the Collateral (and no right or option to acquire the same exists in favor of any other Person),
    other than (a) the security interest created or provided for herein, which security interest constitutes, to the extent required
    by the Intercreditor Agreement, a valid first and prior perfected (with respect to Intellectual Property, if and to the extent
    required to be perfected pursuant to this Agreement) Lien on the Collateral (subject to Liens permitted by Section 6.02 of the
    Credit Agreement), and (b) the Liens expressly permitted by Section 6.02 of the Credit Agreement.

   

  3.03        Names,
      Etc. The full and correct legal name, type of organization, jurisdiction of organization, organizational ID number (if applicable)
    and mailing address of each Obligor as of the date hereof are correctly set forth in Annex 1. Said Annex 1 also correctly
    specifies for any Obligor that is not a registered organization or is not organized under any State of the United States, (a) the
    place of business of each Obligor or, if such Obligor has more than one place of business, the location of the chief executive
    office of such Obligor, or if such Obligor is an individual, the principal residence of such Obligor and (b) each location where
    any financing statement naming any Obligor as debtor which has not been terminated is currently on file.

   

  3.04        [Reserved]

   

  3.05        Pledged
      Shares. The Initial Pledged Shares constitute (a) 100% of the issued and outstanding Shares of each Issuer (other than a Foreign
    Subsidiary) beneficially owned by such Obligor on the date hereof (other than any Shares held in a Securities Account referred
    to in Annex 4), whether or not registered in the name of such Obligor and (b) in the case of each Issuer that is a Foreign
    Subsidiary directly owned by an Obligor, (i) 65% of the issued and outstanding Shares of voting stock of such Issuer and (ii) 100%
    of all other issued and outstanding non-voting Shares of whatever class of such Issuer beneficially owned by such Obligor on the
    date hereof, in each case, whether or not registered in the name of such Obligor. Annex 2 (Part A) correctly identifies,
    as at the date hereof, the respective Issuers of the Initial Pledged Shares and (in the case of any corporate Issuer) the respective
    class and par value of such Shares, whether such Shares are certificated and the respective number of such Shares (and registered
    owner thereof) represented by each such certificate.

   

  
  
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  The Initial Pledged Shares
    are, and all other Pledged Shares in which such Obligor shall hereafter grant a security interest pursuant to Section 4
    will be, (i) duly authorized, validly existing, fully paid and non-assessable (in the case of any Shares issued by a corporation)
    and (ii) duly issued and outstanding (in the case of any Shares in any other entity), and none of such Pledged Shares are or will
    be subject to any contractual restriction, or any restriction under the charter, by-laws, partnership agreement or other organizational
    instrument of the respective Issuer thereof, upon the transfer of such Pledged Shares (except for any such restriction contained
    herein or in the Loan Documents, or under such organizational instruments).

   

  Subject to the Intercreditor
    Agreement and Section 5.14 of the Credit Agreement, all certificates, agreements or instruments representing or evidencing the
    Pledge Shares in existence on the date hereof have been delivered to the Administrative Agent in a suitable form for transfer by
    delivery or accompanied by duly executed instruments of transfer or assignment in blank and (assuming continuing possession by
    the Administrative Agent of all such Pledged Shares) the Administrative Agent has a perfected first priority security interest
    therein to the extent required by the Intercreditor Agreement (subject to Liens permitted by Section 6.02 of the Credit Agreement).

   

  3.06        Promissory
      Notes, Instruments and Tangible Chattel Paper. Annex 2 (Part B) sets forth a complete and correct list of all Promissory
    Notes (including any intercompany notes), Instruments and Tangible Chattel Paper held by any Obligor on the date hereof having
    an aggregate principal amount in excess of $500,000.

   

  3.07        Intellectual
      Property. Annex 3, set forth under the name of such Obligor a complete and correct list of all Patents, Trademarks and
    material Copyrights, owned by such Obligor on the date hereof (or, in the case of any supplement to said Annex 3, effecting
    a pledge thereof, as of the date of such supplement).

   

  Except pursuant to Intellectual
    Property licenses and other Intellectual Property user agreements entered into by such Obligor in the ordinary course of business,
    such Obligor has done nothing to authorize or enable any other Person to use any material Copyright, Patent or Trademark listed
    in said Annex 3 (as so supplemented) and all material registrations listed in said Annex 3 (as so supplemented) are,
    except as noted therein, in full force and effect.

   

  To such Obligor’s
    knowledge, (i) except as set forth in said Annex 3 (as supplemented by any supplement effecting a pledge thereof), there
    is no infringement by others of any right of such Obligor with respect to any Copyright, Patent or Trademark listed in said Annex
      3 (as so supplemented), respectively, and (ii) such Obligor is not infringing in any respect upon any Copyright, Patent or
    Trademark of any other Person and no litigation alleging such infringement are currently pending against such Obligor before any
    court, and no written claim against such Obligor has been received by such Obligor in the past year, alleging any such violation,
    except as may be set forth in said Annex 3 (as so supplemented).

   

  Except as set forth on Annex
      3, such Obligor does not own any Trademarks registered in the United States of America to which the last sentence of the definition
    of Trademark Collateral applies.

   

  
  
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  3.08        Deposit
      Accounts, Securities Accounts and Commodity Accounts. Annex 4 sets forth a complete and correct list of all Deposit
    Accounts, Securities Accounts and Commodity Accounts of the Obligors on the date hereof.

   

  3.09        Commercial
      Tort Claims. Annex 5 sets forth a complete and correct list of all commercial tort claims of the Obligors in existence
    on the date hereof.

   

  3.10        Letter-of
      Credit Rights. Annex 6 sets forth a complete and correct list of all letters of credit issued in favor of each Obligor,
    as beneficiary thereunder, on the date hereof.

   

  3.11        Fair
      Labor Standards Act. Any goods now or hereafter produced by such Obligor or any of its Subsidiaries included in the Collateral
    have been and will be produced in compliance in all material respects with the requirements of the Fair Labor Standards Act, as
    amended.

   

  3.12        Special
      Collateral. As of the date hereof, none of the Collateral constitutes, or is the Proceeds of, (1) Farm Products, (2) As-Extracted
    Collateral, (3) Manufactured Homes, (4) timber to be cut, (5) health care insurance receivables or (6) aircraft, aircraft engines,
    satellites, ships or railroad rolling stock. No material portion of the Collateral consists of Motor Vehicles or other goods subject
    to a certificate of title statute of any jurisdiction.

   

  3.13        Benefit
      to Each Obligor. The Obligors are members of an affiliated group of Persons, and the Obligors are engaged in related businesses.
    The guaranty and surety obligations of each Obligor pursuant to this Agreement reasonably may be expected to benefit, directly
    or indirectly, it; and each Obligor has determined that this Agreement is necessary and convenient to the conduct, promotion and
    attainment of the business of such Obligor. Such Obligor has received at least “reasonably equivalent value” (as such
    phrase is used in Section 548 of the Bankruptcy Code and in comparable provisions of other applicable law) and more than sufficient
    consideration to support its obligations hereunder in respect of the Secured Obligations and under any of the Security Documents
    to which it is a party.

   

  3.14        Credit
      Agreement Representations. Each Guarantor makes the representations and warranties set forth in Article III of the Credit Agreement
    as they relate to the Guarantors or to the Loan Documents to which any Guarantor is a party, each of which is hereby incorporated
    herein by reference, and the Secured Parties shall be entitled to rely on each of them as if they were fully set forth herein;
    provided that each reference in each such representation and warranty to the Borrower’s knowledge shall, for the purposes
    of this Section 3.14, be deemed to be a reference to such Guarantor’s knowledge.

   

  Section 4. Collateral.
    As collateral security for the payment in full when due (whether at stated maturity, by acceleration or otherwise) of the Secured
    Obligations, each Obligor hereby pledges and grants to the Administrative Agent for the benefit of the Secured Parties as hereinafter
    provided a security interest in all of such Obligor’s right, title and interest in, to and under the following property,
    in each case whether tangible or intangible, wherever located, and whether now owned by such Obligor or hereafter acquired and
    whether now existing or hereafter coming into existence (all of the property described in this Section 4 being collectively
    referred to herein as “Collateral”):

   

  (a)          all
    Accounts, Receivables and Receivables Records;

   

  
  
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  (b)          all
    As-Extracted Collateral;

   

  (c)          all
    Chattel Paper;

   

  (d)          all
    Deposit Accounts;

   

  (e)          all
    Documents;

   

  (f)          all
    Equipment;

   

  (g)          all
    Fixtures;

   

  (h)          all
    General Intangibles;

   

  (i)           all
    Goods not covered by the other clauses of this Section 4;

   

  (j)           the
    Pledged Shares;

   

  (k)          all
    Instruments, including all Promissory Notes;

   

  (l)           all
    Insurance;

   

  (m)         all
    Intellectual Property, all causes of action, claims and warranties in respect thereto;

   

  (n)          all
    Inventory;

   

  (o)          all
    Investment Property, including all Securities, all Securities Accounts and all Security Entitlements with respect thereto and Financial
    Assets carried therein, and all Commodity Accounts and Commodity Contracts;

   

  (p)          all
    Letter-of-Credit Rights;

   

  (q)          all
    Money, as defined in Section 1-201(24) of the NYUCC;

   

  (r)          all
    commercial tort claims, as defined in Section 9-102(a)(13) of the NYUCC, arising out of the events described in Annex 5;

   

  (s)          all
    other tangible and intangible personal property whatsoever of such Obligor; and

   

  (t)          all
    Proceeds of any of the Collateral, all Accessions to and substitutions and replacements for, any of the Collateral, and all offspring,
    rents, profits and products of any of the Collateral, and, to the extent related to any Collateral, all books, correspondence,
    credit files, records, invoices and other papers (including all tapes, cards, computer runs and other papers and documents in the
    possession or under the control of such Obligor or any computer bureau or service company from time to time acting for such Obligor),

   

  
  
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  IT BEING UNDERSTOOD, HOWEVER, that notwithstanding
    any of the other provisions set forth in this Section 4, this Agreement shall not constitute a grant of a security interest
    in, and the Collateral shall not include or attach to any (A) lease, license, contract, property rights or agreement to which any
    Obligor is a party (or to any of its rights or interests thereunder) if the grant of such security interest would constitute or
    result in either (i) the abandonment, invalidation or unenforceability of any right, title or interest of any Obligor therein or
    (ii) a breach or termination pursuant to the terms of, or a default under, any such lease, license, contract, property rights or
    agreement (other than to the extent that (a) any such term would be rendered ineffective by Section 9-406, 9-407, 9-408 or 9-409
    of the Uniform Commercial Code or other applicable law as in effect in the relevant jurisdiction, or (b) any consent or waiver
    has been obtained that would permit Administrative Agent’s security interest or lien to attach notwithstanding the prohibition
    or restriction on the pledge of such contract, lease, permit, license, or license agreement and the foregoing exclusions of clauses
      (a) and (b) shall in no way be construed to limit, impair or otherwise affect Administrative Agent’s continuing security
    interests in and liens upon any rights or interests of any Obligor in or to (1) monies due or to become due under or in connection
    with any described lease, license, contract, property rights or agreement or Equity Interests (including any Accounts or Equity
    Interests), or (2) any proceeds from the sale, license, lease or other dispositions of any such lease, license, contract, property
    rights or agreement or Equity Interests), (B) assets of any Foreign Subsidiary, (C) security interest created hereby in Shares
    constituting voting stock of any Issuer that is a Foreign Subsidiary, except for the portion of such voting stock that does not
    exceed 65% of the aggregate issued and outstanding voting stock of such Issuer that is a Foreign Subsidiary directly owned by an
    Obligor, (D) property to the extent that the grant of a security interest therein is prohibited by any requirement of law of a
    Governmental Authority pursuant to such requirement of law, (E) Intellectual Property, including intent-to-use applications, solely
    to the extent that, and solely during the period in which, the grant of a security interest therein would impair the validity or
    enforceability of such intellectual property or result in the cancellation or voiding thereof, including without limitation, trademark
    applications filed on an intent-to-use basis, (F) Excluded Accounts, (G) any Margin Stock and (H) those assets as to which the
    Required Lenders and the Borrower shall reasonably determine that the costs, burdens or consequences of obtaining or perfecting
    such security interest are excessive in relation to the value of the security to be afforded thereby (the foregoing clauses (A)
    through (H), the (“Excluded Collateral”); provided, however, that Excluded Collateral shall not include
    any (x) asset or property which secures obligations under the ABL Credit Agreement and (y) proceeds, products, substitutions or
    replacements of Excluded Collateral (unless such proceeds, products, substitutions or replacements would otherwise constitute Excluded
    Collateral). Notwithstanding the foregoing, no Obligor shall be required to take any action to perfect any security interest with
    respect to Motor Vehicles or assets subject to a certificate of title, to the extent that a security interest herein cannot be
    perfected by a Uniform Commercial Code financing statement.

   

  
  
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  Section 5. Deposit Accounts;
      Security Accounts. Subject to Section 5.14 of the Credit Agreement, no Obligor shall establish or maintain a Deposit Account
    or a Securities Account constituting Collateral for which such Grantor has not delivered to the Administrative Agent a control
    agreement executed by all parties relevant thereto (each such account a “Collateral Account”); provided,
    that no Obligor shall be required to enter into control agreements with respect to any Deposit Account or Securities Accounts (i)
    used (a) solely to fund payroll, 401k and other retirement plans and employee benefits or healthcare benefits, (b) as a withholding
    tax, trust or fiduciary account and (ii) any other Deposit Account or Security Account that contains no greater than $500,000 individually
    and $1,000,000 for all accounts excluded pursuant to this clause (ii) at any time outstanding (the foregoing, “Excluded
      Accounts”).

   

  Section 6. Further Assurances;
      Remedies. In furtherance of the grant of the security interest pursuant to Section 4, the Obligors hereby jointly and
    severally agree with the Administrative Agent for the benefit of the Secured Parties as follows:

   

  6.01        Delivery
      and Other Perfection. Each Obligor shall promptly from time to time give, execute, deliver, file, record, authorize or obtain
    all such financing statements, continuation statements, notices, instruments, documents, agreements or consents or other papers
    as may be necessary or which the Required Lenders reasonably indicate are desirable to create, preserve, perfect (with respect
    to intellectual property, if and to the extent required to be perfected pursuant to this Agreement), maintain the perfection of
    or validate the security interest granted pursuant hereto in the Collateral or to enable the Administrative Agent to exercise and
    enforce its rights hereunder with respect to such security interest, and without limiting the foregoing shall:

   

  (a)          if
    any of the Pledged Shares, Investment Property or Financial Assets constituting part of the Collateral are received by such Obligor,
    promptly (x) deliver to the Administrative Agent the certificates or instruments representing or evidencing the same (if any),
    duly endorsed in blank or accompanied by such instruments of assignment and transfer in such form and substance as the Administrative
    Agent or Required Lenders may reasonably request, all of which thereafter shall be held by the Administrative Agent or Required
    Lenders, pursuant to the terms of this Agreement, as part of the Collateral and (y) take such other action necessary or which the
    Required Lenders otherwise reasonably request to duly record or otherwise perfect the security interest created hereunder in such
    Collateral;

   

  (b)          promptly
    from time to time deliver to the Administrative Agent any and all Instruments constituting part of the Collateral, endorsed and/or
    accompanied by such instruments of assignment and transfer in such form and substance as the Administrative Agent or Required Lenders
    may reasonably request; provided, that (other than in the case of the promissory notes described in Annex 2 (Part
    B)), so long as no Event of Default shall have occurred and be continuing, such Obligor may retain for collection in the ordinary
    course any Instruments received by such Obligor in the ordinary course of business and the Administrative Agent shall, promptly
    upon request of such Obligor (through the Borrower), make appropriate arrangements for making any Instrument delivered by such
    Obligor available to such Obligor for purposes of presentation, collection or renewal (any such arrangement to be effected, to
    the extent requested by the Administrative Agent, against trust receipt or like document);

   

  
  
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  (c)          to
    the extent otherwise required pursuant to the terms of this Agreement, promptly from time to time enter into such control agreements
    or consents to assignments of proceeds, each in form and substance reasonably acceptable to the Administrative Agent or Required
    Lenders, as may be required to perfect the security interest created hereby in any and all Deposit Accounts (other than Excluded
    Accounts), Investment Property (other than Excluded Accounts) and Letter-of-Credit Rights, and will promptly furnish to the Administrative
    Agent true copies thereof;

   

  (d)          promptly
    from time to time (i) file with the United States Patent and Trademark Office, and the United States Copyright Office, any Confirmatory
    Grant of Security Interest in United States Intellectual Property in the form of Exhibit A hereto (the “IP Security
      Agreement”) required in order to perfect any Lien granted to the Administrative Agent for the ratable benefit of the
    Secured Parties pursuant to Section 4 in United States federally registered, issued, or applied for (1) Trademark Collateral,
    (2) Patent Collateral or (3) Copyright Collateral and (ii) deliver to the Administrative Agent evidence of such filing(s); and

   

  (e)          keep
    books and records relating to the Collateral, which are complete and accurate in all material respects, and stamp or otherwise
    mark such books and records in such manner as the Administrative Agent or Required Lenders may reasonably require in order to reflect
    the security interests granted by this Agreement.

   

  6.02        Other
      Financing Statements or Control. Except as otherwise permitted under the Credit Agreement, no Obligor shall (a) file or suffer
    to be on file, or authorize or permit to be filed or to be on file, in any jurisdiction, any financing statement or like instrument
    with respect to any of the Collateral in which the Administrative Agent is not named as the sole secured party for the benefit
    of the Secured Parties, other than in each case with respect to Liens permitted pursuant to Section 6.02 of the Credit Agreement,
    or (b) cause or permit any Person other than the Administrative Agent to have “control” (as defined in Section 9-104,
    9-105, 9-106 or 9-107 of the NYUCC) of any Deposit Account, Electronic Chattel Paper, Investment Property or Letter-of-Credit Right
    constituting part of the Collateral.

   

  6.03        Preservation
      of Rights. The Administrative Agent shall not be required to take steps necessary to preserve any rights against prior parties
    to any of the Collateral.

   

  6.04        Special
      Provisions Relating to Certain Collateral.

   

  (a)          Pledged
      Shares.

   

  (i)           The
    Obligors will cause the Pledged Shares to constitute at all times (1) 100% of the total number of Shares of each Issuer other than
    a Foreign Subsidiary then outstanding owned by the Obligors and (2) in the case of any Issuer that is a Foreign Subsidiary directly
    owned by an Obligor, 65% of the total number of Shares of voting stock of such Issuer and 100% of the total number of non-voting
    Shares then issued and outstanding owned by the Obligors.

   

  (ii)          So
    long as no Event of Default shall have occurred and be continuing, the Obligors shall have the right to exercise all voting, consensual
    and other powers of ownership pertaining to the Pledged Shares for all purposes not inconsistent with the terms of this Agreement,
    the Loan Documents or any other instrument or agreement referred to herein or therein, provided, that the Obligors jointly
    and severally agree that they will not vote the Pledged Shares in any manner that is inconsistent with the terms of this Agreement,
    the Loan Documents or any such other instrument or agreement, or in any manner adverse to the Lenders’ rights, remedies or
    interest in any of the Loan Documents; and the Administrative Agent shall execute and deliver to the Obligors or cause to be executed
    and delivered to the Obligors all such proxies, powers of attorney, dividend and other orders, and all such instruments, without
    recourse, as the Obligors may reasonably request for the purpose of enabling the Obligors to exercise the rights and powers that
    they are entitled to exercise pursuant to this Section 6.04(a)(ii).

   

  
  
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  (iii)         Unless
    and until an Event of Default shall have occurred and be continuing, the Obligors shall be entitled to receive and retain any dividends,
    distributions or proceeds on the Pledged Shares paid in cash out of earned surplus.

   

  (iv)         If
    an Event of Default shall have occurred and be continuing, whether or not the Secured Parties or any of them exercise any available
    right to declare any Obligations due and payable or seek or pursue any other relief or remedy available to them under applicable
    law or under this Agreement, the Loan Documents or any other agreement relating to such Obligation, all dividends and other distributions
    on the Pledged Shares shall be paid directly to the Administrative Agent and retained by it in a Collateral Account as part of
    the Collateral, subject to the terms of this Agreement, and, if the Administrative Agent or Required Lenders shall so request in
    writing, the Obligors jointly and severally agree to execute and deliver to the Administrative Agent appropriate additional dividend,
    distribution and other orders and documents to that end; provided, that if such Event of Default is cured or waived, any
    such dividend or distribution theretofore paid to the Administrative Agent or Required Lenders shall, upon request of the Obligors
    (except to the extent theretofore applied to the Secured Obligations), be returned by the Administrative Agent (at the direction
    of the Required Lenders) to the Obligors.

   

  (v)          Each
    Obligor hereby expressly authorizes and instructs each Issuer of any Pledged Shares pledged hereunder to (i) comply with any instruction
    received by it from the Administrative Agent in writing that (A) states that an Event of Default has occurred and is continuing
    and (B) is otherwise in accordance with the terms of this Agreement, without any other or further instructions from such Obligor,
    and such Obligor agrees that such Issuer shall be fully protected in so complying and (ii) unless otherwise expressly permitted
    hereby, pay any dividend or other payment with respect to the Pledged Shares directly to the Administrative Agent for the benefit
    of the Secured Parties.

   

  (b)          Intellectual
      Property.

   

  (i)           For
    the purpose of enabling the Administrative Agent to exercise rights and remedies under Section 6.05 at such time as the
    Administrative Agent shall be lawfully entitled to exercise such rights and remedies, and for no other purpose, each Obligor hereby
    grants to the Administrative Agent, to the extent licensable and effect only during such time as the Administrative Agent is so
    entitled to exercise such rights and remedies, an irrevocable, non-exclusive license (exercisable without payment of royalty or
    other compensation to such Obligor) to use, assign, license or sublicense any of the Intellectual Property (with respect to Trademarks,
    subject to reasonable quality control in favor of such Grantor) now owned or hereafter acquired by such Obligor, wherever the same
    may be located, including in such license reasonable access to all media in which any of the licensed items may be recorded or
    stored and to all computer programs used for the compilation or printout thereof.

   

  
  
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  (ii)          Notwithstanding
    anything contained herein to the contrary, but subject to the provisions of the Credit Agreement that limit the rights of the Obligors
    to dispose of their property, so long as no Event of Default shall have occurred and be continuing, the Obligors will be permitted
    to exploit, use, enjoy, protect, license, sublicense, assign, sell, dispose of or take other actions with respect to the Intellectual
    Property in the ordinary course of business of the Obligors. In furtherance of the foregoing, so long as no Event of Default shall
    have occurred and be continuing, the Administrative Agent shall from time to time, upon the request of the respective Obligor (through
    the Borrower), execute and deliver any instruments, certificates or other documents, in the form so requested, that such Obligor
    (through the Borrower) believes are appropriate in its judgment to allow it to take any action permitted above (including relinquishment
    of the license provided pursuant to clause (i) immediately above as to any specific Intellectual Property). Further, upon
    the Payment in Full of the Obligations or release of the Collateral, the license granted pursuant to clause (i) immediately
    above shall automatically terminate. The exercise of rights and remedies under Section 6.05 by the Administrative Agent
    shall not terminate the rights of the holders of any licenses or sublicenses theretofore granted by the Obligors in accordance
    with the first sentence of this clause (ii).

   

  (iii)         Notwithstanding
    anything to the contrary contained herein or in any other Loan Document, no Obligor shall be required to make any applications
    or filings or take any actions to record or perfect any Lien with respect to any Intellectual Property not governed under the Laws
    of the United States.

   

  (c)          Chattel
      Paper. The Obligors will (i) deliver to the Administrative Agent each original of each item of Chattel Paper with a value in
    excess of $100,000 at any time constituting part of the Collateral, and (ii) cause each such original and each copy thereof to
    bear a conspicuous legend, in form and substance reasonably satisfactory to the Required Lenders, indicating that such Chattel
    Paper is subject to the security interest granted hereby and that purchase of such Chattel Paper by a Person other than the Administrative
    Agent without the consent of the Administrative Agent would violate the rights of the Administrative Agent.

   

  6.05        Remedies.

   

  (a)          Rights
      and Remedies Generally upon Default. If an Event of Default shall have occurred and is continuing, the Administrative Agent
    shall have all of the rights and remedies with respect to the Collateral of a secured party under the Uniform Commercial Code (whether
    or not the Uniform Commercial Code is in effect in the jurisdiction where the rights and remedies are asserted) and such additional
    rights and remedies to which a secured party is entitled under the laws in effect in any jurisdiction where any rights and remedies
    hereunder may be asserted, including the right, to the fullest extent permitted by law, to exercise all voting, consensual and
    other powers of ownership pertaining to the Collateral as if the Administrative Agent were the sole and absolute owner thereof
    (and each Obligor agrees to take all such action as may be appropriate to give effect to such right); and without limiting the
    foregoing:

   

  
  
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  (i)           upon
    the request of the Required Lenders, the Administrative Agent in its discretion may, in its name or in the name of any Obligor
    or otherwise, demand, sue for, collect or receive any money or other property at any time payable or receivable on account of or
    in exchange for any of the Collateral, but shall be under no obligation to do so;

   

  (ii)          upon
    the request of the Required Lenders, the Administrative Agent may make any reasonable compromise or settlement deemed desirable
    with respect to any of the Collateral and may extend the time of payment, arrange for payment in installments, or otherwise modify
    the terms of, any of the Collateral;

   

  (iii)         upon
    the request of the Required Lenders, the Administrative Agent may require the Obligors to notify (and each Obligor hereby authorizes
    the Administrative Agent to so notify) each account debtor in respect of any Account, Chattel Paper or General Intangible, and
    each obligor on any Instrument, constituting part of the Collateral that such Collateral has been assigned to the Administrative
    Agent hereunder, and to instruct that any payments due or to become due in respect of such Collateral shall be made directly to
    the Administrative Agent or as it may direct (and if any such payments, or any other Proceeds of Collateral, are received by any
    Obligor they shall be held in trust by such Obligor for the benefit of the Administrative Agent and as promptly as possible remitted
    or delivered to the Administrative Agent for application as provided herein);

   

  (iv)         upon
    the request of the Required Lenders, the Administrative Agent may require the Obligors to assemble the Collateral at such place
    or places, reasonably convenient to the Administrative Agent and the Obligors, as the Administrative Agent may direct;

   

  (v)          upon
    the request of the Required Lenders, the Administrative Agent may apply the Collateral Account and any money or other property
    therein to payment of the Secured Obligations;

   

  (vi)         upon
    the request of the Required Lenders, the Administrative Agent may require the Obligors to cause the Pledged Shares to be transferred
    of record into the name of the Administrative Agent or its nominee (and the Administrative Agent agrees that if any of such Pledged
    Shares are transferred into its name or the name of its nominee, the Administrative Agent will thereafter promptly give to the
    respective Obligor (through the Borrower) copies of any notices and communications received by it with respect to such Pledged
    Shares); and

   

  (vii)        upon
    the request of the Required Lenders, the Administrative Agent may sell, lease, assign or otherwise dispose of all or any part of
    the Collateral, at such place or places as the Administrative Agent deems best, and for cash or for credit or for future delivery
    (without thereby assuming any credit risk), at public or private sale, without demand of performance or notice of intention to
    effect any such disposition or of the time or place thereof (except such notice as is required by applicable statute and cannot
    be waived), and the Administrative Agent or any other Secured Party or anyone else may be the purchaser, lessee, assignee or recipient
    of any or all of the Collateral so disposed of at any public sale (or, to the extent permitted by law, at any private sale) and
    thereafter hold the same absolutely, free from any claim or right of whatsoever kind, including any right or equity of redemption
    (statutory or otherwise), of the Obligors, any such demand, notice and right or equity being hereby expressly waived and released.
    In the event of any sale, assignment, or other disposition of any of the Trademark Collateral, the goodwill connected with and
    symbolized by the Trademark Collateral subject to such disposition shall be included. The Administrative Agent may, without notice
    or publication, adjourn any public or private sale or cause the same to be adjourned from time to time by announcement at the time
    and place fixed for the sale, and such sale may be made at any time or place to which the sale may be so adjourned.

   

  
  
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  The Proceeds of each collection, sale or other
    disposition under this Section 6.05, including by virtue of the exercise of any license granted to the Administrative Agent
    in Section 6.04(b), shall be applied in accordance with Section 6.09.

   

  (b)          Certain
      Securities Act Limitations. The Obligors recognize that, by reason of certain prohibitions contained in the Securities Act
    of 1933, as amended, and applicable federal, foreign or state securities laws, or otherwise, the Administrative Agent may determine
    that a public sale is impracticable, not desirable or not commercially reasonable and may be compelled, with respect to any sale
    of all or any part of the Collateral, to limit purchasers to those who will agree, among other things, to acquire the Collateral
    for their own account, for investment and not with a view to the distribution or resale thereof. The Obligors acknowledge that
    any such private sales may be at prices and on terms less favorable to the Administrative Agent than those obtainable through a
    public sale without such restrictions, and, notwithstanding such circumstances, agree that any such private sale shall be deemed
    to have been made in a commercially reasonable manner and that the Administrative Agent shall have no obligation to engage in public
    sales and no obligation to delay the sale of any Collateral for the period of time necessary to permit the issuer thereof to register
    it for a public sale.

   

  (c)          Other
      Acts. Each Obligor agrees to use its commercially reasonable efforts to do or cause to be done all such other acts as may be
    necessary or otherwise reasonably requested by the Administrative Agent or the Required Lenders to make such sale or sales of all
    or any portion of the Pledged Shares pursuant to this Section 6.05 valid and binding and in compliance with all other applicable
    legal requirements. Each Obligor further agrees that a breach of any covenant contained in this Section 6.05 will cause
    irreparable injury to the Secured Parties, that the Secured Parties have no adequate remedy at law in respect of such breach and,
    as a consequence, that each and every covenant contained in this Section 6.05 shall be specifically enforceable against
    such Obligor, and such Obligor hereby waives and agrees not to assert any defense against an action for specific performance of
    such covenants except for a defense that no Event of Default has occurred and is continuing under the Credit Agreement.

   

  (d)          Credit
      Bidding. The Administrative Agent may, upon the direction of the Required Lenders, or any Lender may purchase, in any public
    or private sale conducted under the provisions of the Uniform Commercial Code (including pursuant to sections 9-610 and 9-620 of
    the Uniform Commercial Code), the provisions of the Bankruptcy Code (including pursuant to section 363 of the Bankruptcy Code)
    or at any sale or foreclosure conducted by the Administrative Agent (whether by judicial action or otherwise) in accordance with
    applicable law, all or any portion of the Collateral. The Obligors and the Secured Parties hereby irrevocably authorize Administrative
    Agent, upon the written Consent of the Required Lenders, to (a) credit bid and in such manner purchase (either directly or through
    one or more acquisition vehicles) all or any portion of the Collateral at any sale thereof conducted under the provisions of the
    Bankruptcy Code, including under Section 363 of the Bankruptcy Code or any similar laws in any other jurisdictions to which a Obligor
    is subject, or (b) credit bid and in such manner purchase (either directly or through one or more acquisition vehicles) all or
    any portion of the Collateral at any other sale or foreclosure conducted by (or with the consent or at the direction of) Administrative
    Agent (whether by judicial action or otherwise) in accordance with applicable law. In connection with any such credit bid and purchase,
    the Secured Obligations owed to the Secured Parties shall be entitled to be, and shall be, credit bid on a ratable basis (with
    Secured Obligations with respect to contingent or unliquidated claims being estimated for such purpose if the fixing or liquidation
    thereof would not unduly delay the ability of Administrative Agent to credit bid and purchase at such sale or other disposition
    of the Collateral and, if such claims cannot be estimated without unduly delaying the ability of Administrative Agent to credit
    bid, then such claims shall be disregarded, not credit bid, and not entitled to any interest in the asset or assets purchased by
    means of such credit bid) and the Secured Parties whose Secured Obligations are credit bid shall be entitled to receive interests
    (ratably based upon the proportion of their Secured Obligations credit bid in relation to the aggregate amount of Secured Obligations
    so credit bid) in the asset or assets so purchased (or in the equity interests of the acquisition vehicle or vehicles that are
    used to consummate such purchase).

   

  
  
    	-
            22 - 

  

  
     

  

  
    

  In connection with any such
    credit bid (i) the Administrative Agent (in its sole discretion) or another Secured Party (with the consent or at the direction
    of the Required Lenders) may form one or more acquisition vehicles and assign any successful credit bid to such acquisition vehicle
    or vehicles (ii) each of the Secured Parties’ ratable interests in the Secured Obligations which were credit bid shall be
    deemed without any further action under this Agreement to be assigned to such vehicle or vehicles for the purpose of closing such
    sale, (iii) the Administrative Agent (in its sole discretion) or another Secured Party (with the consent or at the direction of
    the Required Lenders) may adopt documents providing for the governance of the acquisition vehicle or vehicles (provided,
    that any actions by any Secured Party with respect to such acquisition vehicle or vehicles, including any disposition of the assets
    or equity interests thereof, shall be governed, directly or indirectly, by, and the governing documents shall provide for, control
    by the vote of the Required Lenders or their permitted assignees under the terms of this Agreement or the governing documents of
    the applicable acquisition vehicle or vehicles, as the case may be, irrespective of the termination of this Agreement and without
    giving effect to the limitations on actions by the Required Lenders contained in the Credit Agreement), (iv) the Administrative
    Agent (in its sole discretion) or another Secured Party (with the consent or at the direction of the Required Lenders) on behalf
    of such acquisition vehicle or vehicles may issue to each of the Secured Parties, ratably on account of the relevant Secured Obligations
    which were credit bid, interests, whether as equity, partnership, limited partnership interests or membership interests, in any
    such acquisition vehicle and/or debt instruments issued by such acquisition vehicle, all without the need for any Secured Party
    or acquisition vehicle to take any further action, and (v) to the extent that Secured Obligations that are assigned to an acquisition
    vehicle are not used to acquire Collateral for any reason (as a result of another bid being higher or better, because the amount
    of Secured Obligations assigned to the acquisition vehicle exceeds the amount of Secured Obligations credit bid by the acquisition
    vehicle or otherwise), such Secured Obligations shall automatically be reassigned to the Secured Parties pro rata and the equity
    interests and/or debt instruments issued by any acquisition vehicle on account of such Secured Obligations shall automatically
    be cancelled, without the need for any Secured Party or any acquisition vehicle to take any further action.

   

  (e)          Notice.
    The Obligors agree that to the extent the Administrative Agent is required by applicable law to give reasonable prior notice of
    any sale or other disposition of any Collateral, ten (10) Business Days’ notice shall be deemed to constitute reasonable
    prior notice.

   

  6.06        Deficiency.
    If the proceeds of sale, collection or other realization of or upon the Collateral pursuant to Section 6.05 are insufficient
    to cover the costs and expenses of such realization and the payment in full of the Obligations (other than contingent indemnification
    obligations for which no claim has been made), the Obligors shall remain liable for any deficiency.

   

  
  
    	-
            23 - 

  

  
     

  

  
    

  6.07        Locations;
      Names, Etc. Following delivery of any notice required by Section 5.03(a) of the Credit Agreement, the relevant Obligor shall
    as promptly as practicable (and in any event, within 5 Business Days (or such later time as may be reasonably agreed to by the
    Administrative Agent) make all filings required under the UCC or other applicable law and take all other actions necessary or otherwise
    reasonably requested by the Administrative Agent or the Required Lenders to ensure that the Agent shall continue at all times following
    such change to have (subject to the Intercreditor Agreement and 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) a valid, legal, enforceable and perfected first priority security interest in such Collateral
    for its benefit and the benefit of the other Secured Parties. Without at least thirty (30) days’ prior written notice to
    the Administrative Agent, no Obligor shall agree to or authorize any modification of the terms of any item of Collateral that would
    result in a change thereof from one Uniform Commercial Code category to another such category (such as from a General Intangible
    to Investment Property), if the effect of any such change described in this clause (iii) would be to result in a loss of
    perfection of, or diminution of priority for, the security interests created hereunder in such item of Collateral, or the loss
    of control (within the meaning of Section 9-104, 9-105, 9-106 or 9-107 of the NYUCC) over such item of Collateral.

   

  6.08        Private
      Sale. The Secured Parties shall incur no liability as a result of the sale of the Collateral, or any part thereof, at any private
    sale pursuant to Section 6.05 conducted in a commercially reasonable manner. Each Obligor hereby waives any claims against
    the Secured Parties arising by reason of the fact that the price at which the Collateral may have been sold at such a private sale
    was less than the price that might have been obtained at a public sale or was less than the aggregate amount of the Secured Obligations,
    even if the Administrative Agent accepts the first offer received and does not offer the Collateral to more than one offeree.

   

  6.09        Application
      of Proceeds. Subject to the Intercreditor Agreement, except as otherwise herein expressly provided and except as provided below
    in this Section 6.09, the Proceeds of any collection, sale or other realization of all or any part of the Collateral pursuant
    hereto, and any other cash at the time held by the Administrative Agent under Section 5 or this Section 6, shall
    be applied by the Administrative Agent:

   

  First,
    to the payment of the costs and expenses of such collection, sale or other realization, including the reasonable and documented
    out-of-pocket costs and expenses of the Administrative Agent and the fees and expenses of its agents and counsel, all outstanding
    fees under the Agent Fee Letter, and all expenses incurred and advances made by the Administrative Agent in connection therewith
    as and to the extent required by Section 7.04;

   

  Next, to
    the payment in full of the Secured Obligations, in each case, equally and ratably in accordance with the respective amounts thereof
    then due and owing or as the Secured Parties holding the same may otherwise agree; and

   

  Finally,
    to the payment to the respective Obligor, or its successors or assigns, or as a court of competent jurisdiction may direct, of
    any surplus then remaining.

   

  
  
    	-
            24 - 

  

  
     

  

  
    

  6.10        Attorney-in-Fact.
    Without limiting any rights or powers granted by this Agreement to the Administrative Agent, upon the occurrence and during the
    continuance of any Event of Default, the Administrative Agent is hereby appointed the attorney-in-fact of each Obligor for the
    purpose of carrying out the provisions of this Section 6 and taking any action and executing any instruments that the Administrative
    Agent may deem necessary or advisable to accomplish the purposes hereof, which appointment as attorney-in-fact is irrevocable and
    coupled with an interest. Without limiting the generality of the foregoing, so long as the Administrative Agent shall be entitled
    under this Section 6 to make collections in respect of the Collateral, the Administrative Agent shall have the right and
    power to receive, endorse and collect all checks made payable to the order of any Obligor representing any dividend, payment or
    other distribution in respect of the Collateral or any part thereof and to give full discharge for the same.

   

  6.11        Perfection
      and Recordation. Each Obligor authorizes the Administrative Agent to file (a) Uniform Commercial Code financing statements
    describing the Collateral as “all assets” or “all personal property and fixtures” of such Obligor (provided
    that no such description shall be deemed to modify the description of Collateral set forth in Section 4); and (b) any IP
    Security Agreement required in order to perfect any Lien granted pursuant to Section 4 in (1) Trademark Collateral, (2)
    Patent Collateral or (3) Copyright Collateral, respectively.

   

  6.12        Termination.
    When all of the Obligations shall have been Paid in Full, this Agreement and all obligations (other than those expressly stated
    to survive the termination of this Agreement) of the Administrative Agent and each Obligor hereunder shall automatically terminate
    and the Liens created hereby shall automatically be released, and the Administrative Agent shall forthwith cause to be assigned,
    transferred and delivered, against receipt but without any recourse, warranty or representation whatsoever, any remaining Collateral
    and money received in respect thereof, to or on the order of the respective Obligor and to be released and canceled all licenses
    and rights referred to in Section 6.04(b). The Administrative Agent shall also, at the expense of such Obligor, execute
    and deliver to the respective Obligor upon such termination such Uniform Commercial Code termination statements, and such other
    documentation as shall be reasonably requested by the respective Obligor to effect the termination and release of the Liens on
    the Collateral as required by this Section 6.12.

   

  6.13        Further
      Assurances. Each Obligor agrees that, from time to time upon the reasonable written request of the Administrative Agent or
    Required Lenders, such Obligor will execute and deliver such further documents and do such other acts and things as the Administrative
    Agent may reasonably request in order fully to effect the purposes of this Agreement. Any Lien covering any asset that has been
    disposed of in accordance with the Credit Agreement or that has been disposed of with the consent of the Required Lenders under
    the Credit Agreement shall be automatically released, without delivery of any further document, and Administrative Agent shall,
    at the expense of the applicable Obligor, execute and deliver to such Obligor such documentation as such Obligor shall reasonably
    request to evidence such release.

   

  6.14        Marshalling.
    The provisions of this Agreement may be enforced by the Administrative Agent from time to time against any or all of the Obligors
    as often as an occasion therefor may arise and without any requirement on the part of the Administrative Agent or any other Secured
    Party first to marshal any of its claims or to exercise any of its rights against any other Obligor or to exhaust any remedies
    available to it against any other Obligor or to resort to any other source or means of obtaining payment of any of the Secured
    Obligations or to elect any other remedy.

   

  
  
    	-
            25 - 

  

  
     

  

  
    

  Section 7. Miscellaneous.

   

  7.01        Notices.
    All notices, requests, consents and demands hereunder shall be in writing and delivered to the intended recipient at such address
    as shall be designated by such party in a notice to each other party or, in the case of the Borrower or the Administrative Agent,
    pursuant to Section 9.01 of the Credit Agreement. Except as otherwise provided in this Agreement, all such communications shall
    be deemed to have been duly given transmitted by telecopier, electronic transmission or personally delivered or, in the case of
    a mailed notice or notice sent by electronic transmission, upon receipt, in each case, given or addressed as aforesaid.

   

  7.02        No
      Waiver. No failure on the part of any Secured Party to exercise, and no course of dealing with respect to, and no delay in
    exercising, any right, power or remedy hereunder shall operate as a waiver thereof; nor shall any single or partial exercise by
    any Secured Party of any right, power or remedy hereunder preclude any other or further exercise thereof or the exercise of any
    other right, power or remedy. The remedies herein are cumulative and are not exclusive of any remedies provided by law.

   

  7.03        Amendments,
      Etc. The terms of this Agreement may be waived, altered or amended only by an instrument in writing duly executed by each Obligor
    and the Administrative Agent (with the consent of the Lenders as specified in Section 9.02 of the Credit Agreement). Any such amendment
    or waiver shall be binding upon the Secured Parties and each Obligor.

   

  7.04        Expenses;
      Indemnification.

   

  (a)          The
    Obligors jointly and severally agree to reimburse each of the Secured Parties for all reasonable and documented out-of-pocket expenses
    incurred by them as and to the extent required by Section 9.03(a) of the Credit Agreement and (ii) the enforcement of this Section
      7.04, and all such costs and expenses shall be Secured Obligations entitled to the benefits of the collateral security provided
    pursuant to Section 4.

   

  (b)          Each
    Obligor agrees to pay, and to hold the Administrative Agent and each other Secured Party harmless from, any and all losses, claims,
    damages, liabilities and related expenses as and to the extent required by Section 9.03(b) of the Credit Agreement.

   

  (c)          The
    agreements in this Section 7.04 shall survive repayment of the Obligations and all other amounts payable under the Credit
    Agreement and the other Loan Documents.

   

  7.05        Successors
      and Assigns. This Agreement shall be binding upon and inure to the benefit of the respective successors and permitted assigns
    of each Obligor and the Secured Parties (provided, that no Obligor shall assign or transfer its rights or obligations hereunder
    without the prior written consent of the Required Lenders or the Administrative Agent).

   

  7.06        Counterparts.
    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.

   

  
  
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            26 - 

  

  
     

  

  
    

  7.07        Governing
      Law; Submission to Jurisdiction; Etc.

   

  (a)          Governing
      Law. This Agreement and any right, remedy, obligation, claim, controversy, dispute or cause of action (whether in contract,
    tort or otherwise) based upon, arising out of or relating to this Agreement shall be governed by, and construed in accordance with,
    the law of the State of New York.

   

  (b)          Submission
      to Jurisdiction. Each party hereto hereby irrevocably and unconditionally submits, for itself and its property, to the nonexclusive
    jurisdiction of the Supreme Court of the State of New York sitting in New York County and of the United States District Court of
    the Southern District of New York, and any appellate court from any thereof, in any action or proceeding arising out of or relating
    to this Agreement or any other Loan Document, 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 any Secured
    Party may otherwise have to bring any action or proceeding to enforce its rights in the Collateral.

   

  (c)          Waiver
      of Venue. 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 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.

   

  (e)          Service
      of Process. Each party to this Agreement irrevocably consents to service of process in the manner provided for notices in Section
      7.01. Nothing in this Agreement will affect the right of any party to this Agreement to serve process in any other manner permitted
    by law.

   

  7.08        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 (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.

   

  7.08        Captions.
    The captions and section headings appearing herein are included solely for convenience of reference and are not intended to affect
    the interpretation of any provision of this Agreement.

   

  
  
    	-
            27 - 

  

  
     

  

  
    

  7.10        Agents
      and Attorneys-in-Fact. The Administrative Agent may employ agents and attorneys-in-fact in connection herewith and shall not
    be responsible for the negligence or misconduct of any such agents or attorneys-in-fact selected by it in good faith.

   

  7.11        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.

   

  7.12        Additional
      Subsidiary Guarantors. As contemplated by Section 5.11 of the Credit Agreement, certain Subsidiaries of Holdings formed or
    acquired after the date hereof, or certain other Subsidiaries not then a party hereto, may be required to become a “Guarantor”
    under this Agreement, by executing and delivering to the Administrative Agent a Guarantee Assumption Agreement in the form of Exhibit
      B hereto. Accordingly, upon the execution and delivery of any such Guarantee Assumption Agreement by any such new Subsidiary,
    such new Subsidiary shall automatically and immediately, and without any further action on the part of any Person, become a “Guarantor”
    and an “Obligor” under and for all purposes of this Agreement, and each of the Annexes hereto shall be supplemented
    in the manner specified in such Guarantee Assumption Agreement.

   

  7.15        Set-Off.
    If an Obligor shall fail to pay when due (whether at stated maturity, by acceleration or otherwise) any amount payable by it hereunder,
    each Lender and each of its Affiliates is hereby authorized at any time and from time to time, to the fullest extent permitted
    by applicable law, to set off and apply any and all deposits (general or special, time or demand, provisional or final, in whatever
    currency) at any time held (other than deposits held in any account used (a) solely to fund payroll, 401k and other retirement
    plans and employee benefits or healthcare benefits and (b) as a withholding tax, trust or fiduciary account) and other obligations
    at any time owing by such Lender or such Affiliate to or for the credit or the account of such Obligor against any and all of the
    obligations of such Obligor now or hereafter existing under this Agreement or any other Loan Document to which such Obligor is
    a party to such Lender, irrespective of whether or not such Lender shall have made any demand under this Agreement or any other
    Loan Document to which such Obligor is a party and although such obligations of such Obligor may be unmatured or contingent or
    are owed to a branch or office of such Lender different from the branch or office holding such deposit or obligated on such indebtedness.
    The rights of each Lender and its Affiliates under this Section 7.15 are in addition to other rights and remedies (including
    other rights of set-off) that such Lender and its Affiliates may have.

   

  7.16.       Entire
      Agreement. This Agreement, the Intercreditor Agreement and the other Loan Documents constitute the entire contract among the
    parties relating to the subject matter hereof and supersede any and all previous agreements and understandings, oral or written,
    relating to the subject matter hereof.

   

  7.17.       Intercreditor
      Agreement. Notwithstanding anything to the contrary herein or in any other Loan Document, (i) the security interests granted
    to the Administrative Agent for the benefit of the Secured Parties pursuant to this Agreement and the exercise of any right or
    remedy by the Administrative Agent with respect to any Collateral hereunder are subject the provisions of the Intercreditor Agreement
    then in effect, (ii) the delivery of any Collateral to the ABL Agent (as defined in the Intercreditor Agreement) pursuant to the
    Intercreditor Agreement shall satisfy any obligation of any Obligor under any Loan Document to deliver any such Collateral to
    the Administrative Agent and (iii) in the event of any conflict between the provisions of this Agreement and the Intercreditor
    Agreement, the provisions of the Intercreditor Agreement shall govern and control.

   

  
  
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            28 - 

  

  
     

  

  
    

  7.18.       Effect
      of Amendment and Restatement. As of the date hereof, this Agreement shall amend, and restate as amended, the Existing Guarantee
    and Collateral Agreement, but shall not constitute a novation thereof or in any way impair or otherwise affect the rights or obligations
    of the parties thereunder (including with respect to the grant of security and representations and warranties made thereunder),
    except as such rights or obligations have been expanded hereby. The Existing Guarantee and Collateral Agreement as amended and
    restated hereby shall be deemed to be a continuing agreement among the parties, and all documents, instruments and agreements
    delivered pursuant to or in connection with the Existing Guarantee and Collateral Agreement not amended and restated in connection
    with the entry of the parties into this Agreement shall remain in full force and effect, each in accordance with its terms, as
    of the date of delivery or such other date as contemplated by such document, instrument or agreement to the same extent as if
    the modifications to the Existing Guarantee and Collateral Agreement contained herein were set forth in an amendment to the Existing
    Guarantee and Collateral Agreement in a customary form, unless such document, instrument or agreement has otherwise been terminated
    or has expired in accordance with or pursuant to the terms of this Agreement, the Existing Guarantee and Collateral Agreement
    or such document, instrument or agreement or as otherwise agreed by the required parties hereto or thereto. For the avoidance
    of doubt, the parties are entering into this Agreement in order to expand the collateral granted under the Existing Guarantee
    and Collateral Agreement and nothing in this Agreement shall (or shall be deemed to) invalidate or otherwise adversely affect
    in any manner any existing grant made under the Existing Guarantee and Collateral Agreement, all of which shall remain in full
    force and effect.

   

  [Signature Pages Follow]

   

  
  
    	-
            29 - 

  

  
     

  

  
    

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

   

  	 	DEX MEDIA HOLDINGS, INC.
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:
	 	 	 
	 	DEX MEDIA, INC.
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

   

  
  
    	  

  

  
     

  

  
    

  	 	WILMINGTON TRUST, NATIONAL ASSOCIATION as Administrative Agent
	 	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

   

  
  
    	  

  

  
     

  

  
    

  ANNEX 1

   

  FILING DETAILS

   

  	Legal Name

              of Obligor	 	Type of

              Organization	 	Other legal

              names and

              dates of

              change	 	Changes in

              identity or

              corporate

              structure in

              past five years	 	Jurisdiction

              of

              Organization	 	Organizational

              Identification

              Number	 	Place(s) of Business
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 

   

  ACQUISITION OF EQUITY INTERESTS OR ASSETS
      OF AN ENTITY

   

  	Date of

              Acquisition	 	Legal Name

              of Entity	 	Entity Type of

              Organization	 	Entity

              Jurisdiction

              of

              Organization	 	Entity

              Organization

              Identification

              Number
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 

   

  
  
    	 Annex 1 to Guarantee and Collateral Agreement

  

  
     

  

  
   

  ANNEX 2

   

  PLEDGED SHARES AND PROMISSORY NOTES, INSTRUMENTS

  AND TANGIBLE CHATTEL PAPER

   

  Pledged Shares

   

  	Grantor	 	Share

              Issuer	 	Class of 

              Shares	 	Certificated 

              (Y/N)	 	Share 

              Certificate 

              No.	 	Par

              Value	 	No. of  

              Pledged  

              Share	 	Percentage

               of

              Outstanding  

              Share of the

               Issuer
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 

   

  Promissory Notes

   

  	Entity	 	Principal

              Amount	 	Date of 

              Issuance	 	Interest Rate	 	Maturity Date	 	
          Pledged

          [Yes/No]

        
	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 	 	 

   

  Chattel Paper

   

  	Description	 	
          Pledged

          [Yes/No]

        
	 	 	 
	 	 	 
	 	 	 

   

  
  
    	 Annex 2 to Guarantee and Collateral Agreement

  

  
     

  

  
    

  ANNEX 3

   

  LIST OF PATENTS AND PATENT APPLICATIONS

   

  	Owner	 	Country	 	Registration or

              App Number	 	Patent Title
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 

   

  LIST OF TRADEMARK AND SERVICE MARK REGISTRATIONS
      AND

  APPLICATIONS FOR TRADEMARK AND SERVICE MARK
      REGISTRATIONS

   

  	Owner	 	Country	 	Mark	 	Reg. No.	 	App. No.
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 

   

  LIST OF MATERIAL COPYRIGHT REGISTRATIONS

   

  	Owner	 	Title	 	Registration Number
	 	 	 	 	 
	 	 	 	 	 
	 	 	 	 	 

   

  
  
    	 Annex 3 to Guarantee and Collateral Agreement

  

  
     

  

  
    

  ANNEX 4

   

  LIST OF DEPOSIT ACCOUNTS, AND SECURITIES ACCOUNTS
      AND COMMODITY

  ACCOUNTS

   

  Deposit Accounts

   

  	Grantor	 	Name of Depositary

              Bank	 	Account Number	 	Account Name
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 

   

  Securities Accounts

   

  	Grantor	 	Name of Intermediary	 	Account Number	 	Account Name
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 

   

  Commodity Accounts

   

  	Grantor	 	Name of Intermediary	 	Account Number	 	Account Name
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 

   

  
  
    	 Annex 4 to Guarantee and Collateral Agreement

  

  
     

  

  
   

  ANNEX 5

   

  LIST OF COMMERCIAL TORT CLAIMS

   

  [                                                             ]

   

  
  
    	 Annex 5 to Guarantee and Collateral Agreement

  

  
     

  

  
    

  ANNEX 6

   

  LIST OF LETTER-OF-CREDIT RIGHTS

   

  	Grantor	 	Issuer	 	Outstanding Principal

              Balance	 	Maturity Date
	 	 	 	 	 	 	 

   

  
  
    	 Annex 6 to Guarantee and Collateral Agreement

  

  
     

  

  
   

  EXHIBIT A

   

  [FORM OF CONFIRMATORY GRANT OF SECURITY INTEREST

  IN UNITED STATES INTELLECTUAL PROPERTY]

   

  THIS CONFIRMATORY GRANT OF
    SECURITY INTEREST IN UNITED STATES INTELLECTUAL PROPERTY (as amended, restated, amended and restated, supplemented or otherwise
    modified from time to time, this “Confirmatory Grant”) is made effective as of [            ],
    20[    ] by and from [NAME OF GRANTOR(S)]1 ([the] “Grantor”][each
    individually a “Grantor” and collectively, the “Grantors”]), to and in favor of WILMINGTON
    TRUST, NATIONAL ASSOCIATION, as Administrative Agent for the Lenders (as defined in the Credit Agreement referenced below) (in
    such capacity, “Grantee”).

   

  WHEREAS, DEX MEDIA HOLDINGS,
    INC., a Delaware corporation (“Holdings”) and DEX MEDIA, INC., a Delaware corporation (the “Borrower”),
    Grantee and the Lenders, among others, have entered into that certain [Second] Amended and Restated Credit Agreement, dated as
    of December [    ], 2018 (as amended, restated, amended and restated, supplemented or otherwise modified
    from time to time, the “Credit Agreement”).

   

  WHEREAS, Holdings, the Borrower,
    [the][each]Grantor, certain other Subsidiaries of Holdings and Grantee have entered into that certain [Second] Amended and Restated
    Guarantee and Collateral Agreement, dated as of December [   ], 2018 (as amended, restated, amended and restated,
    supplemented or otherwise modified from time to time, the “Guarantee and Collateral Agreement”).

   

  [WHEREAS, [the][each] Grantor
    owns the copyrights listed on Exhibit A attached hereto (the “Copyrights”), which Copyrights are pending
    or registered with the United States Copyright Office (the “USCO”).

   

  WHEREAS, [the][each] Grantor
    owns the trademarks listed on Exhibit B attached hereto (the “Trademarks”), which Trademarks are pending
    or registered with the United States Patent and Trademark Office (the “USPTO”).

   

  WHEREAS, [the][each] Grantor
    own the patents listed on Exhibit C attached hereto (the “Patents”, and together with the Copyrights
    and Trademarks, the “Intellectual Property”), which Patents are pending or registered with the USPTO.

   

  WHEREAS, this Confirmatory
    Grant has been granted in conjunction with the security interest granted under the Guarantee and Collateral Agreement to Grantee
    for the benefit of the Lenders.

   

  NOW, THEREFORE, in consideration
    of the mutual covenants and agreements set forth herein and for other good and valuable consideration, the receipt and sufficiency
    of which are hereby acknowledged, it is hereby agreed that:

   

  1) Definitions. All capitalized terms not
    defined herein shall have the respective meaning given to them in the Credit Agreement.

   

  2) The Security Interest.

   

  

  
  
     

  

  
  1 To be populated with the names of only those subsidiary
    guarantors that own IP.

   

  
  
    	2

  

  
     

  

  
    

  (a)          In
    order to secure the payment and performance when due, whether at stated maturity, by required prepayment, declaration, acceleration,
    demand or otherwise, of the Secured Obligations (as defined in the Guarantee and Collateral Agreement), [the] [each] Grantor hereby
    grants to Grantee for the benefit of the Lenders:

   

  i.             [With
    respect to the Copyrights, security interest in (1) all of [the][such] Grantor[‘s][s’] right, title and interest in
    and to the Copyrights now owned or from time to time after the date hereof owned or acquired by [the] [such] Grantor, together
    with (2) all proceeds of such Copyrights and (3) all causes of action arising prior to or after the date hereof for infringement
    of such Copyrights or unfair competition regarding the same;

   

  ii.            With
    respect to the Trademarks, security interest in (1) all of [the][such] Grantor[‘s][s’] right, title and interest in
    and to the Trademarks now owned or from time to time after the date hereof owned or acquired by [the][such] Grantor, together with
    (2) all proceeds of such Trademarks, (3) the goodwill associated with such Trademarks and (4) all causes of action arising prior
    to or after the date hereof for infringement of such Trademarks or unfair competition regarding the same; and

   

  iii.           With
    respect to the Patents, security interest in (1) all of [the][such] Grantor[‘s][s’] right, title and interest in and
    to the Patents now owned or from time to time after the date hereof owned or acquired by [the][such] Grantor, together with (2)
    all proceeds of such Patents and (3) all causes of action arising prior to or after the date hereof for infringement of such Patents
    or unfair competition regarding the same;

   

  (b)          This
    Confirmatory Grant is made by [the][each] Grantor to Grantee on behalf of the Lenders to secure the satisfactory performance and
    payment when due of all the Secured Obligations. Upon payment in full of such Secured Obligations, other than contingent indemnification
    obligations for which no claim has been made, Grantee shall promptly execute, acknowledge and deliver to the Grantor[s], all reasonably
    requested instruments in writing releasing the security interest in the Intellectual Property acquired under this Confirmatory
    Grant.

   

  3) Interpretation.
    This Confirmatory Grant and any right, remedy, obligation, claim, controversy, dispute or cause of action (whether in contract,
    tort or otherwise) based upon, arising out of or relating to this Confirmatory Grant shall be governed by, and construed in accordance
    with, the law of the State of New York. The rights and remedies of Grantee with respect to the security interest granted herein
    are without prejudice to and are in addition to those set forth in the Guarantee and Collateral Agreement and the other Loan Documents,
    all terms and provisions of which are incorporated herein by reference. In the event that any provisions of this Confirmatory Grant
    are deemed to conflict with the Guarantee and Collateral Agreement, the provisions of the Guarantee and Collateral Agreement shall
    govern.

   

  4) Recordation.
    The parties authorize the [directors of][Commissioner of] the [United States Copyright Office] [and] [the United States Patent
    and Trademark Office] to record this Confirmatory Grant.

   

  [Signature Pages Follow]

   

  
  
    	3

  

  
     

  

  
    

  IN WITNESS WHEREOF, the parties
    hereto have executed this Confirmatory Grant effective as of the date first written above.

   

  	 	DEX MEDIA HOLDINGS, INC.,
	 	as a Grantor
	 	 	 
	 	By:	            
	 	Name:
	 	Title:
	 	 
	 	DEX MEDIA, INC.,
	 	as a Grantor
	 	 	 
	 	By:	 
	 	Name:
	 	Title:

   

  
  
    	 

  

  
     

  

  
    

  	 	WILMINGTON TRUST, NATIONAL ASSOCIATION, as Grantee
	 	 	 
	 	By:	                  
	 	Name:
	 	Title:

   

  
  
    	 

  

  
     

  

  
    

  Exhibit A

  SCHEDULE OF U.S. COPYRIGHTS

   

  	Claimant	 	Directory Name	 	State	 	TX Number
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 

   

  

  
  
    	 

  

  
     

  

  
   

  Exhibit B

  SCHEDULE OF U.S. TRADEMARKS

   

  	Owner	 	Jurisdiction	 	Mark	 	Reg. No.	 	Serial No.
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 	 	 

   

  
  
    	 

  

  
     

  

  
    

  Exhibit C

  SCHEDULE OF U.S. PATENTS

   

  	Owner	 	Country	 	Patent or App

              Number	 	Patent Title
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 

   

  
  
    	 

  

  
     

  

  
    

  EXHIBIT B

   

  [FORM OF GUARANTEE ASSUMPTION AGREEMENT]

   

  GUARANTEE ASSUMPTION AGREEMENT,
    dated as of [                   ]
    [   ], [              ], by
    [NAME OF ADDITIONAL SUBSIDIARY GUARANTOR[S]], a [               ]
    ([the][each, an] “Additional Subsidiary Guarantor”), in favor of Wilmington Trust, National Association, as
    administrative agent for the parties defined as “Lenders” under the Credit Agreement referred to below (in such capacity,
    together with its successors in such capacity, the “Administrative Agent”).

   

  Dex Media Holdings, Inc.,
    a Delaware corporation (“Holdings”) and Dex Media, Inc., a Delaware corporation (the “Borrower”)
    are parties to a [Second] Amended and Restated Credit Agreement, dated as of December [    ], 2018 (as
    amended, restated, amended and restated, supplemented or otherwise modified from time to time, the “Credit Agreement”;
    capitalized terms used but not otherwise defined herein having the meanings assigned to such terms in the Credit Agreement). In
    connection with the Credit Agreement, Holdings, the Borrower and the Subsidiary Guarantors and the Administrative Agent are parties
    to a [Second] Amended and Restated Guarantee and Collateral Agreement, dated as of December [__], 2018 (as amended, restated, amended
    and restated, supplemented or otherwise modified from time to time, the “Guarantee and Collateral Agreement”).

   

  Pursuant to Section 7.12
    of the Guarantee and Collateral Agreement, [the][each] Additional Subsidiary Guarantor hereby agrees to become a “Guarantor”
    for all purposes of the Credit Agreement and Guarantee and Collateral Agreement (and hereby supplements each of the Annexes to
    the Guarantee and Collateral Agreement in the manner specified in Appendix A hereto). Without limiting the foregoing, [the]
    [each] Additional Subsidiary Guarantor hereby:

   

  (a)          jointly
    and severally with the other Subsidiary Guarantors, guarantees to each Secured Party and their respective successors and permitted
    assigns the prompt payment in full when due (whether at stated maturity, by acceleration or otherwise) of all Guaranteed Obligations
    (as defined in Section 2.01 of the Guarantee and Collateral Agreement) in the same manner and to the same extent as is provided
    in Section 2 of the Guarantee and Collateral Agreement;

   

  (b)          as
    collateral security for the prompt payment in full when due (whether at stated maturity, by acceleration, by liquidation or otherwise)
    of the Secured Obligations, pledges and grants to the Administrative Agent for the benefit of the Secured Parties, a security interest
    in all of its right, title and interest in, to and under the Collateral (excluding, for the avoidance of doubt, any Excluded Property),
    in each case, whether tangible or intangible, wherever located, and whether now owned by it or hereafter acquired and whether now
    existing or hereafter coming into existence, in the same manner and to the same extent as is provided in Section 4 of the Guarantee
    and Collateral Agreement; and

   

  (c)          makes
    the representations and warranties set forth in Article III of the Credit Agreement and in Section 3 of the Guarantee and Collateral
    Agreement with respect to itself and its obligations under this Agreement, as if each reference in such Sections to the Loan Documents
    included reference to this Agreement.

   

  [The] [Each] Additional
    Subsidiary Guarantor hereby instructs its counsel to deliver any opinions to the Secured Parties as and to the extent required
    under the Loan Documents to be delivered in connection with the execution and delivery hereof.

   

  
  
    	 

  

  
     

  

  
    

  This Guarantee Assumption
    Agreement and any right, remedy, obligation, claim, controversy, dispute or cause of action (whether in contract, tort or otherwise)
    based upon, arising out of or relating to this Guarantee Assumption Agreement shall be governed by, and construed in accordance
    with, the law of the State of New York.

   

  [Signature Page Follows]

   

  
  
    	-
            2 - 

  

  
     

  

  
    

  IN WITNESS WHEREOF, [the][each]
    Additional Subsidiary Guarantor has caused this Guarantee Assumption Agreement to be duly executed and delivered as of the day
    and year first above written.

   

  	 	[NAME OF ADDITIONAL SUBSIDIARY GUARANTOR]
	 	 	 
	 	By	            
	 	Title:

   

  	Accepted and agreed:	 
	 	 
	WILMINGTON TRUST, NATIONAL ASSOCIATION,	 
	as Administrative Agent	 
	 	 	 
	By	              	 
	Title:	 

   

  
  
    	-
            3 - 

  

  
     

  

  
    

  Appendix A

   

  SUPPLEMENT[S] TO ANNEX[ES] TO GUARANTEE AND COLLATERAL
    AGREEMENT

   

  Supplement to Annex 1:

   

  [to be completed]

   

  [Supplement to Annex 2:

   

  [to be completed]

   

  Supplement to Annex 3:

   

  [to be completed]

   

  Supplement to Annex 4:

   

  [to be completed]

   

  Supplement to Annex 5:

   

  [to be completed]

   

  Supplement to Annex 6:

   

  [to be completed]

   

  Supplement to Annex 7:

   

  [to be completed]

   

  
  
    	 

  

  
     

  

  
    

  EXHIBIT C-1

   

  FORM OF

  U.S. TAX COMPLIANCE CERTIFICATE

   

  (For Non-U.S. Lenders That Are Not Partnerships
    For

  U.S. Federal Income Tax Purposes)

   

  Reference is hereby made
    to the Amended and Restated Credit Agreement dated as of December 31, 2018 (as amended, supplemented or otherwise modified from
    time to time, the “Credit Agreement”), among Dex Media, Inc., a Delaware corporation (the “Borrower”),
    Dex Media Holdings, Inc., a Delaware corporation, the Lenders from time to time party thereto, and Wilmington Trust, National Association,
    as administrative agent (in such capacity, the “Administrative Agent”). Unless otherwise defined herein, terms
    defined in the Credit Agreement and used herein shall have the meanings given to them in the Credit Agreement.

   

  Pursuant to the provisions
    of Section 2.12 of the Credit Agreement, the undersigned hereby certifies that (i) it is the sole record and beneficial owner
    of the 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 Code, (iii) it is not a “10-percent shareholder” of the Borrower
    within the meaning of Section 871(h)(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 in question are not effectively
    connected with the undersigned’s conduct of a U.S. trade or business.

   

  The undersigned has furnished,
    or concurrently herewith furnishes, the Administrative Agent and the Borrower with a certificate of its non-U.S. Person status
    on IRS Form W-8BEN or IRS Form W-8BEN-E, as applicable. By executing this certificate, the undersigned agrees that (1) if the information
    provided in this certificate or in such Form W-8BEN or Form W-8BEN-E changes, or if a lapse in time or change in circumstances
    renders the information on this certificate obsolete, expired or inaccurate in any material respect, the undersigned shall promptly
    so inform the Borrower and the Administrative Agent in writing and deliver promptly to the Borrower and the Administrative Agent
    an updated certificate or other appropriate documentation (including any new documentation reasonably requested by the Borrower
    or the Administrative Agent) or promptly notify the Borrower and the Administrative Agent of its inability to do so in writing
    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, or at such times as are reasonably requested by the Borrower or the Administrative
    Agent.

   

  	[NAME OF LENDER]	 
	 	 	 
	By:	 	 
	 	Name:	 
	 	Title:	 

   

  Date:            ,
    20

   

  
  
    	 

  

  
     

  

  
    

  EXHIBIT C-2

   

  FORM OF

  U.S. TAX COMPLIANCE CERTIFICATE

   

  (For Non-U.S. Participants That Are Not Partnerships
    For

  U.S. Federal Income Tax Purposes)

   

  Reference is hereby made
    to the Amended and Restated Credit Agreement dated as of December 31, 2018 (as amended, supplemented or otherwise modified from
    time to time, the “Credit Agreement”), among Dex Media, Inc., a Delaware corporation (the “Borrower”),
    Dex Media Holdings, Inc., a Delaware corporation, the Lenders from time to time party thereto, and Wilmington Trust, National Association,
    as administrative agent (in such capacity, the “Administrative Agent”). Unless otherwise defined herein, terms
    defined in the Credit Agreement and used herein shall have the meanings given to them in the Credit Agreement.

   

  Pursuant to the provisions
    of Section 2.12 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 Code, (iii) it is not a “10-percent shareholder” of the Borrower within the meaning of
    Section 871(h)(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 in question are not effectively connected with the undersigned’s
    conduct of a U.S. trade or business.

   

  The undersigned has furnished
    its participating Lender with a certificate of its non-U.S. Person status on IRS Form W-8BEN or IRS Form W-8BEN-E, as applicable.
    By executing this certificate, the undersigned agrees that (1) if the information provided in this certificate or in such Form
    W-8BEN or Form W-8BEN-E changes, or if a lapse in time or change in circumstances renders the information on this certificate obsolete,
    expired or inaccurate in any material respect, the undersigned shall promptly so inform such Lender in writing and deliver promptly
    to the Borrower and the Administrative Agent an updated certificate or other appropriate documentation (including any new documentation
    reasonably requested by the Borrower or the Administrative Agent) or promptly notify the Borrower and the Administrative Agent
    of its inability to do so 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, or at such times as are reasonably requested by the Borrower or the Administrative
    Agent.

   

  [NAME OF PARTICIPANT]

   

  	By:	 	 
	 	Name:	 
	 	Title:	 

   

  Date:                ,
    20

   

  
  
    	 

  

  
     

  

  
    

  EXHIBIT C-3

   

  FORM OF

  U.S. TAX COMPLIANCE CERTIFICATE

   

  (For Non-U.S. Participants That Are Partnerships
    For

  U.S. Federal Income Tax Purposes)

   

  Reference is hereby made
    to the Amended and Restated Credit Agreement dated as of December 31, 2018 (as amended, supplemented or otherwise modified from
    time to time, the “Credit Agreement”), among Dex Media, Inc., a Delaware corporation (the “Borrower”),
    Dex Media Holdings, Inc., a Delaware corporation, the Lenders from time to time party thereto, and Wilmington Trust, National Association,
    as administrative agent (in such capacity, the “Administrative Agent”). Unless otherwise defined herein, terms
    defined in the Credit Agreement and used herein shall have the meanings given to them in the Credit Agreement.

   

  Pursuant to the
    provisions of Section 2.12 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 direct or indirect partners/members are the
    sole beneficial owners of such participation, (iii) with respect to such participation, neither the undersigned nor any of
    its direct or indirect partners/members that is a beneficial owner of such participation is a “bank” within the
    meaning of Section 881(c)(3)(A) of the Code, (iv) none of its direct or indirect partners/members that is a beneficial
    owner of such participation is a “10-percent shareholder” of the Borrower within the meaning of Section
    871(h)(3)(B) of the Code, (v) none of its direct or indirect partners/members that is a beneficial owner of such
    participation 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 in question are not effectively connected with the conduct of a U.S. trade or
    business by the undersigned nor any of its partners/members that is a beneficial owner of such participation.

   

  The undersigned has furnished
    its participating Lender with IRS Form W-8IMY accompanied by one of the following forms from each of its direct or indirect partners/members
    that is claiming the portfolio interest exception: (i) an IRS Form W-8BEN or IRS Form W-8BEN-E, as applicable, or (ii) an IRS Form
    W-8IMY accompanied by an IRS Form W-8BEN or IRS Form W-8BEN-E, as applicable, from each of such direct or indirect 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 in this certificate or in such Form W-8IMY, Form W-8BEN or Form W-8BEN-E changes or if a lapse
    in time or change in circumstances renders the information on this certificate obsolete, expired or inaccurate in any material
    respect, the undersigned shall promptly so inform such Lender in writing and deliver promptly to the Borrower and the Administrative
    Agent an updated certificate or other appropriate documentation (including any new documentation reasonably requested by the Borrower
    or the Administrative Agent) or promptly notify the Borrower and the Administrative Agent of its inability to do so 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, or in either of the two calendar years preceding such payments, or at such times as are reasonably requested by
    the Borrower or the Administrative Agent.

   

  [NAME OF PARTICIPANT]

   

  	By:	 	 
	 	Name:	 
	 	Title:	 

   

  Date:             ,
    20

   

  
  
    	 

  

  
     

  

  
   

  EXHIBIT C-4

   

  FORM OF

  U.S. TAX COMPLIANCE CERTIFICATE

   

  (For Non-U.S. Lenders That Are Partnerships
    For

  U.S. Federal Income Tax Purposes)

   

  Reference is hereby made
    to the Amended and Restated Credit Agreement dated as of December 31, 2018 (as amended, supplemented or otherwise modified from
    time to time, the “Credit Agreement”), among Dex Media, Inc., a Delaware corporation (the “Borrower”),
    Dex Media Holdings, Inc., a Delaware corporation, the Lenders from time to time party thereto, and Wilmington Trust, National Association,
    as administrative agent (in such capacity, the “Administrative Agent”). Unless otherwise defined herein, terms
    defined in the Credit Agreement and used herein shall have the meanings given to them in the Credit Agreement.

   

  Pursuant to the provisions
    of Section 2.12 of the Credit Agreement, the undersigned hereby certifies that (i) it is the sole record owner of the Loan(s) in
    respect of which it is providing this certificate, (ii) its direct or indirect partners/members are the sole beneficial owners
    of such Loan (iii) with respect to the extension of credit pursuant to the Credit Agreement, neither the undersigned nor any of
    its direct or indirect partners/members that is a beneficial owner of such Loan(s) is a “bank” within the meaning of
    Section 881(c)(3)(A) of the Code, (iv) none of its direct or indirect partners/members that is a beneficial owner of such Loan(s)
    is a “10-percent shareholder” of the Borrower within the meaning of Section 871(h)(3)(B) of the Code, (v) none of its
    direct or indirect partners/members that is a beneficial owner of such Loan(s) 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 in question are not effectively
    connected with the conduct of a U.S. trade or business by the undersigned nor any of its partners/members that is a beneficial
    owner of such Loan(s).

   

  The undersigned has furnished,
    or concurrently herewith furnishes, the Administrative Agent and the Borrower with IRS Form W-8IMY accompanied by one of the following
    forms from each of its direct or indirect partners/members that is claiming the portfolio interest exception: (i) an IRS Form W-8BEN
    or IRS Form W-8BEN-E, as applicable or (ii) an IRS Form W-8IMY accompanied by an IRS Form W-8BEN or an IRS Form W-8BEN-E, as applicable,
    from each of such direct or indirect 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 in this certificate or in such Form
    W-8IMY, Form W-8BEN or Form W-8BEN-E changes, or if a lapse in time or change in circumstances renders the information on this
    certificate obsolete, expired or inaccurate in any material respect, the undersigned shall promptly so inform the Borrower and
    the Administrative Agent in writing and deliver promptly to the Borrower and the Administrative Agent an updated certificate or
    other appropriate documentation (including any new documentation reasonably requested by the Borrower or the Administrative Agent)
    or promptly notify the Borrower and the Administrative Agent of its inability to do so in writing 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, or at such times as are reasonably requested by the Borrower or the Administrative Agent.

   

  [NAME OF LENDER]

   

  	By:	 	 
	 	Name:	 
	 	Title:	 

   

  Date:            ,
    20

   

  
  
    	 

  

  
     

  

  
    

  Exhibit D

   

  FORM OF PROMISSORY NOTE

   

  	Principal Amount: $	New York, New York
	 	[   ], 20[   ]

   

  FOR VALUE RECEIVED, the undersigned,
    Dex Media, Inc., a Delaware corporation (the “Borrower”), hereby promises to pay [                  ],
    or its registered assigns, (the “Lender”) the Principal Amount set forth above, or, if less, the aggregate unpaid
    principal amount of the Loan (as defined in that certain Amended and Restated Credit Agreement dated as of December 31, 2018 among
    the Borrower, Dex Media Holdings, Inc., a Delaware corporation, (“Holdings”) the lenders party thereto, Wilmington
    Trust, National Association, as administrative agent (as amended, restated, supplemented or otherwise modified from time to time,
    the “Credit Agreement”)) of the Lender to the Borrower. Capitalized terms used herein without definition are
    used as defined in the Credit Agreement.

   

  (a)          The
    Borrower promises to pay interest on the unpaid principal amount of the Loan from the date of such Loan until such principal amount
    is paid in full in cash, at the interest rates and at the times in immediately available funds provided in the Credit Agreement.

   

  (b)          This
    Note is one of the Notes referred to in the Credit Agreement, is entitled to the benefits thereof and may be prepaid in whole or
    in part subject to the terms and conditions provided therein. This Note is secured by the Collateral and is entitled to the benefits
    of the Guarantee and Collateral Agreement and the other Security Documents. Upon the occurrence and continuation of any Event of
    Default under the Credit Agreement, all principal and all accrued interest then remaining unpaid on this Note shall become, or
    may be declared to be, immediately due and payable, all as provided in the Credit Agreement.

   

  (c)          Loans
    made by the Lender shall be evidenced by one or more records or accounts maintained by the Lender in the ordinary course of business.
    The Lender may also attach schedules to this Note and endorse thereon the date, amount and maturity of its Loans and all payments
    made on the Loans; provided that any failure of the Lender to make any such recordation or endorsement shall not affect
    the Obligations of the Borrower under this Note.

   

  (d)          The
    Borrower hereby waives diligence, presentment, demand, protest, notice of intent to accelerate, notice of acceleration, and any
    other notice of any kind. No failure on the part of the holder hereof to exercise, and no delay in exercising, any right, power
    or privilege hereunder shall operate as a waiver thereof or a consent thereto; nor shall a single or partial exercise of any such
    right, power or privilege preclude any other or further exercise thereof or the exercise of any other right, power or privilege.

   

  THIS NOTE AND THE OBLIGATIONS
    OF THE BORROWER HEREUNDER SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK.

   

  [SIGNATURE PAGE FOLLOWS]

   

  
  
    	 

  

  
     

  

  
    

  IN WITNESS WHEREOF, the
    Borrower has caused this Note to be executed and delivered by its duly authorized officer as of the day and year and at the place
    set forth above.

   

  	 	DEX MEDIA, INC.

   

  	 	By:	 

  

  	 	Name:	 

  

  	 	Title:	 

   

  
  
    	 

  

  
     

  

  
    

  EXHIBIT E

   

  [FORM OF] BORROWING NOTICE

   

  [          ],
    2018

   

  Wilmington Trust, National Association,

  as Administrative Agent under the

  Credit Agreement referred to below

  [50 South Sixth Street, Suite 1290

  Minneapolis, MN 55402]

  Attn: [Jeffrey Rose, Vice President]

   

  Ladies and Gentlemen:

   

  Reference is made to the
    Amended and Restated Credit Agreement, dated as of December 31, 2018 (as amended, amended and restated, modified and supplemented
    and in effect from time to time, the “Credit Agreement”), by and among Dex Media Holdings, Inc., a Delaware
    corporation, (“Holdings”), Dex Media, Inc., a Delaware corporation, (“the Borrower”), the
    several banks and other financial institutions or entities from time to time party thereto (the “Lenders”),
    and Wilmington Trust, National Association, as administrative agent for such lenders (in such capacity, and together with its successors
    and permitted assigns, the “Administrative Agent”). Capitalized terms used herein without definition are used
    as defined in the Credit Agreement.

   

  The Borrower hereby gives
    you irrevocable notice, pursuant to Section 2.01(b) of the Credit Agreement of its request for Loans (the “Proposed
      Credit Extension”) under the Credit Agreement and, in that connection, sets forth the following information:

   

  A.           The
    date (which shall be a Business Day) of the Proposed Credit Extension is [     ], 2018 (the “Credit
      Date”).

   

  B.           The
    aggregate principal amount of the Loans requested hereunder for disbursement on the Credit Date is $[                 ].

   

  The undersigned, being
    a Financial Officer of the Borrower, after due inquiry hereby certifies that on the date hereof and on the Credit Date, both before
    and after giving effect to the Proposed Credit Extension and any other Loan to be made on or before the Credit Date, no event has
    occurred and is continuing or would result from the consummation of the Proposed Credit Extension that would constitute a Default
    or an Event of Default.

   

  [SIGNATURE PAGE FOLLOWS]

   

  
  
    	 

  

  
     

  

  
    

  	 	Very Truly Yours,
	 	 
	 	DEX MEDIA, INC.

   

  	 	By:	 

  

  	 	Name:	 

  

  	 	Title:	 

   

  
  
    	 

  

  
     

  

  
    

  EXHIBIT F

   

  SOLVENCY CERTIFICATE

   

  [            ],
      20[__]

   

  THE UNDERSIGNED HEREBY
      CERTIFIES AS FOLLOWS:

   

  1.           I
    am the Vice President of Finance of DEX MEDIA HOLDINGS, INC., a Delaware corporation (“Holdings”).

   

  2.           Reference
    is made to that certain Amended and Restated Credit Agreement, dated as of December 31, 2018 (as it may be amended, supplemented
    or otherwise modified, the “Credit Agreement”; the terms defined therein and not otherwise defined herein being
    used herein as therein defined), by and among Holdings, Dex Media, Inc., a Delaware corporation, (the “Borrower”),
    the Lenders party thereto from time to time, WILMINGTON TRUST, NATIONAL ASSOCIATION as the Administrative Agent and as the
    Collateral Agent.

   

  3.           I
    have reviewed the terms of Articles 3 and 4 of the Credit Agreement and the definitions and provisions contained in the Credit
    Agreement relating thereto, and, in my opinion, have made, or have caused to be made under my supervision, such examination or
    investigation as is necessary to enable me to express an informed opinion as to the matters referred to herein.

   

  4.           Based
    upon my review and examination described in paragraph 3 above, I certify, in my capacity as an officer of Holdings and not in any
    individual capacity, that as of the date hereof, after giving effect to the consummation of the Transactions, the Loan Parties
    are, on a consolidated basis, Solvent.

   

  [Signature Page Follows]

   

  
  
    	 

  

  
     

  

  
    

  The foregoing certifications
    are made and delivered as of the date first written above.

   

  	 	DEX MEDIA HOLDINGS, INC.
	 	 
	 	 	 
	 	Name:
	 	Title:

   

  
  
    	 

  

  
     

  

  
    

  EXHIBIT G

   

  CLOSING DATE CERTIFICATE

   

  [         ],
      20[__]

   

  THE UNDERSIGNED HEREBY CERTIFIES AS FOLLOWS:

   

  1.           I
    am Vice President of Finance of DEX MEDIA HOLDINGS, INC., a Delaware corporation (“Holdings”).

   

  2.           I
    have reviewed the terms of Section 4.01 of the Amended and Restated Credit Agreement, dated as of December 31, 2018 (as it may
    be amended, supplemented or otherwise modified, the “Credit Agreement”; the terms defined therein and not otherwise
    defined herein being used herein as therein defined), by and among Holdings, Dex Media, Inc. (the “Borrower”),
    the Lenders party thereto from time to time and WILMINGTON TRUST, NATIONAL ASSOCIATION as the Administrative Agent (the
    “Agent”), and the definitions and provisions contained in such Credit Agreement relating thereto, and in my
    opinion I have made, or have caused to be made under my supervision, such examination or investigation as is necessary to enable
    me to express an informed opinion as to the matters referred to herein.

   

  3.          Based
    upon my review and examination described in Paragraph 2 above, I certify, in my capacity as an officer of Holdings and not in any
    individual capacity, on behalf of Holdings and the Borrower, that as of the date hereof:

   

  (i)           The
    representations and warranties of each Loan Party set forth in the Loan Documents are true and correct in all material respects
    (except to the extent already qualified as to materiality in which case such representations and warranties shall be true in all
    respects) on and as of the date hereof, 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 in all material respects (except to the extent
    already qualified as to materiality in which case such representations and warranties shall be true in all respects) on and as
    of such earlier date).

   

  (ii)          No
    Default or Event of Default has occurred and is continuing as of the date hereof.

   

  (iii)         There
    is no action, suit, investigation or proceeding pending or, to the knowledge of the Borrower, threatened in writing in any court
    or before any arbitrator or Governmental Authority that could reasonably be expected to (x) have a material adverse effect on the
    business, assets, properties, liabilities (actual and contingent), operations or condition (financial or otherwise) of the Loan
    Parties and their respective Subsidiaries, taken as a whole, (y) adversely affect the ability of any Loan Party to perform its
    obligations under the Loan Documents or (z) adversely affect the rights and remedies of the Agent or the Lenders under the Loan
    Documents.

   

  4.           Attached
    as Annex A hereto is a fully executed copy of that certain consent letter agreement, dated as of the date hereof, by and
    among Wells Fargo Bank, National Association, the Administrative Agent, Holdings and the Borrower, and any documents executed in
    connection therewith and I have reviewed the terms of each of such documents and in my opinion I have made, or have caused to be
    made under my supervision, such examination or investigation as is necessary to enable us to express an informed opinion as to
    the matters referred to in paragraph 3.

   

  5.           Attached
    hereto as Annex B are the Historical Financial Statements, which fairly present, in all material respects, the financial condition
    of Holdings and its Subsidiaries as at the dates indicated and the results of their operations and their cash flows for the periods
    indicated, subject to changes resulting from audit and normal year-end adjustments.

   

  [Signature Page Follows]

   

  
  
    	 

  

  
     

  

  
    

  The foregoing certifications
    are made and delivered as of the first date written above.

   

  	 	 	 
	 	Name:	 
	 	Title:

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