Document:

Exhibit
10.2

 

REGISTRATION
RIGHTS AGREEMENT

 

This
Registration Rights Agreement (the “Agreement”) is entered into as of March 11, 2020 (provided, however, that this
Agreement shall only be effective as of the last date that this Agreement is signed by the Company (as defined in this Agreement)
and the Investor (as defined in this Agreement) (the “Execution Date”)), by and between Simplicity Esports and Gaming
Company, a Delaware corporation (the “Company”), and TRITON FUNDS LP, a Delaware limited partnership company (the
“Investor”). The Company and the Investor may be referred to herein collectively as the “Parties” and
each individually as a “Party.”

 

RECITALS:

 

WHEREAS,
pursuant to the Common Stock Purchase Agreement entered into by and between the Company and the Investor as of March 11, 2020
(the “CSPA”), the Company has agreed to issue and sell to the Investor a number of shares of the Company’s common
stock, par value $0.0001 per share (the “Common Stock”) for up to an aggregate purchase price of Five Hundred Thousand
Dollars ($500,000); and

 

WHEREAS,
as an inducement to the Investor to execute and deliver the CSPA, the Company has agreed to provide certain registration rights
under the Securities Act of 1933, as amended, and the rules and regulations thereunder, or any similar successor statute (collectively,
the “1933 Act”), and applicable state securities Laws, with respect to the shares of Common Stock issuable pursuant
to the CSPA;

 

NOW
THEREFORE, in consideration of the foregoing promises and the mutual covenants contained hereinafter and other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the Company and the Investor hereby agree as follows:

 

SECTION
1. DEFINITIONS

 

Section
1.01 DEFINITIONS. For all purposes of and under this Agreement, the following terms shall have the respective meanings
below, and such meanings shall be equally applicable to the singular and plural forms of such defined terms.

 

	 	(a)	“Person”
    means a natural person, a corporation, a limited liability company, a partnership, an association, a trust or any other entity
    or organization, including a government or political subdivision or any agency or instrumentality thereof.
	 	 	 
	 	(b)	“Register,”
    “Registered,” and “Registration” refer to the Registration effected by preparing and filing one (1)
    or more Registration Statements in compliance with the 1933 Act and pursuant to Rule 415 under the 1933 Act or any successor
    rule providing for offering securities on a continuous basis (“Rule 415”), and the declaration or ordering of
    effectiveness of such Registration Statement(s) by the United States Securities and Exchange Commission (the “SEC”).
	 	 	 
	 	(c)	“Registrable
    Securities” means (i) the shares of Common Stock issued or issuable pursuant to the CSPA, and (ii) any shares of capital
    stock issued or issuable with respect to such shares of Common Stock, if any, as a result of any stock split, stock dividend,
    recapitalization, exchange or similar event or otherwise, which have not been (x) included in the Registration Statement that
    has been declared effective by the SEC, or (y) sold under circumstances meeting all of the applicable conditions of Rule 144
    (or any similar provision then in force) under the 1933 Act.

 

    	 	 	 

     

    

 

Section
1.02 OTHER TERMS. All capitalized terms used in this Agreement and not otherwise defined herein shall have the same meaning
ascribed to them as in the CSPA.

 

Section
1.03 INTERPRETIVE PROVISIONS. Unless the express context otherwise requires, the words “hereof,” “herein,”
and “hereunder” and words of similar import, when used in this Agreement, shall refer to this Agreement as a whole
and not to any particular provision of this Agreement; terms defined in the singular shall have a comparable meaning when used
in the plural, and vice versa; the terms “Dollars” and “$” mean United States Dollars, unless otherwise
specified herein; references herein to a specific Section, Subsection, Recital or Exhibit shall refer, respectively, to Sections,
Subsections, Recitals or Exhibits of this Agreement; wherever the word “include,” “includes,” or “including”
is used in this Agreement, it shall be deemed to be followed by the words “without limitation”; references herein
to any gender shall include each other gender; references herein to any contract or agreement (including this Agreement) mean
such contract or agreement as amended, supplemented or modified from time to time in accordance with the terms thereof; with respect
to the determination of any period of time, the word “from” means “from and including” and the words “to”
and “until” each means “to but excluding”; references herein to any Law or any license mean such Law or
license as amended, modified, codified, reenacted, supplemented or superseded in whole or in part, and in effect from time to
time; and references herein to any Law shall be deemed also to refer to all rules and regulations promulgated thereunder.

 

SECTION
2. REGISTRATION

 

Section
2.01 The Company shall, within thirty (30) calendar days of the Execution Date, use its commercially reasonable efforts to file
with the SEC a Registration Statement or Registration Statements (as is necessary) on Form S-1 (or, if such form is unavailable
for such a registration, on such other form as is available for such registration) covering the resale of all of the Registrable
Securities, or amend its current Registration Statement to cover the Registrable Securities, which Registration Statement(s) shall
state that, in accordance with Rule 416 promulgated under the 1933 Act, such Registration Statement also covers such indeterminate
number of additional shares of Common Stock as may become issuable upon stock splits, stock dividends or similar transactions.
The Company shall initially register for resale all of the Registrable Securities which would be issuable on the date preceding
the filing of the Registration Statement based on the Purchase Price on such date as determined pursuant to the CSPA, and as shall
be permitted to be included thereon in accordance with applicable SEC rules, regulations and interpretations so as to permit the
resale of such Registrable Securities by the Investor, including but not limited to under Rule 415 under the 1933 Act at then-prevailing
market prices (and not fixed prices).

 

Section
2.02 The Company shall use all commercially reasonable efforts to have the Registration Statement(s) declared effective by the
SEC within thirty (30) calendar days, but no more than ninety (90) calendar days after the Company has filed the Registration
Statement.

 

Section
2.03 [Omitted].

 

Section
2.04 Notwithstanding the registration obligations set forth in this SECTION 2, if the staff of the SEC (the “Staff”)
or the SEC informs the Company that all of the unregistered Registrable Securities cannot, as a result of the application of Rule
415, be registered for resale as a secondary offering on a single Registration Statement, the Company agrees to promptly (i) inform
each of the holders thereof and use its commercially reasonable efforts to file amendments to the Registration Statement as required
by the SEC and/or (ii) withdraw the Registration Statement and file a new registration statement (the “New Registration
Statement”), in either case covering the maximum number of Registrable Securities permitted to be registered by the SEC,
on Form S-1 to register for resale the Registrable Securities as a secondary offering. If the Company amends the Registration
Statement or files a New Registration Statement, as the case may be, under clauses (i) or (ii) above, the Company will use its
commercially reasonable efforts to file with the SEC, as promptly as allowed by the Staff or SEC, one or more registration statements
on Form S-1 to register for resale those Registrable Securities that were not registered for resale on the Registration Statement,
as amended, or the New Registration Statement.

 

    	 	 	 

     

    

 

SECTION
3. RELATED OBLIGATIONS.

 

Section
3.01 At such time as the Company is obligated to prepare and file the Registration Statement with the SEC pursuant to SECTION
2, the Company will affect the registration of the Registrable Securities in accordance with the intended method of disposition
thereof and, with respect thereto, the Company shall have the obligations as set forth in this SECTION 3.

 

Section
3.02 The Company shall use all commercially reasonable efforts to cause such Registration Statement relating to the Registrable
Securities to become effective and shall use commercially reasonable efforts keep such Registration Statement effective until
the earlier to occur of the date on which (A) the Investor shall have sold all the Registrable Securities; or (B) the Investor
has no obligation to acquire any additional shares of Common Stock under the CSPA (the “Registration Period”). The
Registration Statement (including any amendments or supplements thereto and prospectuses contained therein) shall not contain
any untrue statement of a material fact or omit to state a material fact required to be stated therein, or necessary to make the
statements therein, in light of the circumstances in which they were made, not misleading. The Company shall use all commercially
reasonable efforts to respond to all SEC comments within ten (10) Trading Days from receipt of such comments by the Company. The
Company shall use all commercially reasonable efforts to cause the Registration Statement relating to the Registrable Securities
to become effective no later than three (3) Trading Days after notice from the SEC that the Registration Statement may be declared
effective. The Investor agrees to provide all information which is required by Law to be provided to the Company, including the
intended method of disposition of the Registrable Securities, and the Company’s obligations set forth above shall be conditioned
on the receipt of such information.

 

Section
3.03 The Company shall prepare and file with the SEC such amendments (including post-effective amendments) and supplements to
the Registration Statement and the prospectus used in connection with such Registration Statement, which prospectus is to be filed
pursuant to Rule 424 promulgated under the 1933 Act, as may be necessary to keep such Registration Statement effective during
the Registration Period, and, during such period, comply with the provisions of the 1933 Act with respect to the disposition of
all Registrable Securities covered by such Registration Statement until such time as all of such Registrable Securities shall
have been disposed of in accordance with the intended methods of disposition by the Investor thereof as set forth in such Registration
Statement. In the event the number of shares of Common Stock covered by the Registration Statement filed pursuant to this Agreement
is at any time insufficient to cover all of the Registrable Securities, the Company shall amend such Registration Statement, or
file a new Registration Statement (on the short form available therefor, if applicable), or both, so as to cover all of the Registrable
Securities, in each case, as soon as practicable, but in any event, within thirty (30) calendar days after the necessity therefor
arises (based on the then Purchase Price of the Common Stock and other relevant factors on which the Company reasonably elects
to rely) and subject to SEC rules, regulations and interpretations, assuming the Company has sufficient authorized shares at that
time, and if it does not, within thirty (30) calendar days after such shares are authorized. The Company shall use commercially
reasonable efforts to cause such amendment and/or new Registration Statement to become effective as soon as reasonably practicable
following the filing thereof.

 

    	 	 	 

     

    

 

Section
3.04 The Company shall make available to the Investor and its legal counsel without charge (i) promptly after the same is prepared
and filed with the SEC at least one (1) copy of such Registration Statement and any amendment(s) thereto, including financial
statements and schedules, all documents incorporated therein by reference and all exhibits, the prospectus included in such Registration
Statement (including each preliminary prospectus) and, with regards to such Registration Statement(s), except as may be prohibited
by Law or with respect to any information which may be material non-public information, any correspondence by or on behalf of
the Company to the SEC or the staff of the SEC and any correspondence from the SEC or the staff of the SEC to the Company or its
representatives relating to such Registration Statement; (ii) upon the effectiveness of any Registration Statement, the Company
shall make available copies of the prospectus, via EDGAR, included in such Registration Statement and all amendments and supplements
thereto; and (iii) such other documents, including copies of any preliminary or final prospectus, as the Investor may reasonably
request from time to time to facilitate the disposition of the Registrable Securities. For the avoidance of doubt, any filing
available to the Investor via the SEC’s live EDGAR system shall be deemed “available to the Investor” hereunder.

 

Section
3.05 The Company shall use commercially reasonable efforts to (i) register and qualify the Registrable Securities covered by the
Registration Statement under such other securities or “blue sky” Laws of such states in the United States as the Investor
reasonably requests; (ii) prepare and file in those jurisdictions, such amendments (including post-effective amendments) and supplements
to such registrations and qualifications as may be necessary to maintain the effectiveness thereof during the Registration Period;
(iii) take such other actions as may be necessary to maintain such registrations and qualifications in effect at all times during
the Registration Period, and (iv) take all other actions reasonably necessary or advisable to qualify the Registrable Securities
for sale in such jurisdictions; provided, however, that the Company shall not be required in connection therewith or as a condition
thereto to (x) qualify to do business in any jurisdiction where it would not otherwise be required to qualify but for this Section
3.05, (y) subject itself to general taxation in any such jurisdiction or (z) file a general consent to service of process in any
such jurisdiction. The Company shall promptly notify the Investor of the receipt by the Company of any notification with respect
to the suspension of the registration or qualification of any of the Registrable Securities for sale under the securities or “blue
sky” Laws of any jurisdiction in the United States or its receipt of actual notice of the initiation or threatening of any
proceeding for such purpose.

 

Section
3.06 As promptly as practicable after becoming aware of such event, the Company shall notify Investor in writing of the happening
of any event as a result of which the prospectus included in the Registration Statement, as then in effect, includes an untrue
statement of a material fact or omit to state a material fact required to be stated therein or necessary to make the statements
therein, in light of the circumstances under which they were made, not misleading (“Registration Default”) and use
all diligent efforts to promptly prepare a supplement or amendment to such Registration Statement and take any other necessary
steps to cure the Registration Default (which, if such Registration Statement is on Form S-3, may consist of a document to be
filed by the Company with the SEC pursuant to Section 13(a), Section 13(c), Section 14 or Section 15(d) of the 1934 Act and to
be incorporated by reference in the prospectus) to correct such untrue statement or omission, and make available copies of such
supplement or amendment to the Investor. The Company shall also promptly notify the Investor (i) when a prospectus or any prospectus
supplement or post-effective amendment has been filed, and when the Registration Statement or any post-effective amendment has
become effective (the Company will prepare notification of such effectiveness which shall be delivered to the Investor on the
same day of such effectiveness and by overnight mail), additionally, the Company will promptly provide to the Investor a copy
of the effectiveness order prepared by the SEC once it is received by the Company; (ii) of any request by the SEC for amendments
or supplements to the Registration Statement or related prospectus or related information, (iii) of the Company’s reasonable
determination that a post-effective amendment to the Registration Statement would be appropriate, (iv) in the event the Registration
Statement is no longer effective, or (v) if the Registration Statement is stale as a result of the Company’s failure to
timely file its financials or otherwise.

 

    	 	 	 

     

    

 

Section
3.07 The Company shall use all commercially reasonable efforts to prevent the issuance of any stop order or other suspension of
effectiveness of the Registration Statement, or the suspension of the qualification of any of the Registrable Securities for sale
in any jurisdiction and, if such an order or suspension is issued, to obtain the withdrawal of such order or suspension at the
earliest possible moment and to notify the Investor holding Registrable Securities being sold of the issuance of such order and
the resolution thereof or its receipt of actual notice of the initiation or threat of any proceeding concerning the effectiveness
of the registration statement.

 

Section
3.08 The Company shall permit the Investor and one (1) legal counsel, designated by the Investor, to review and comment upon the
Registration Statement and all amendments and supplements thereto at least one (1) calendar day prior to their filing with the
SEC. However, any postponement of a filing of a Registration Statement or any postponement of a request for acceleration or any
postponement of the effective date or effectiveness of a Registration Statement by written request of the Investor (collectively,
the “Investor’s Delay”) shall not act to trigger any penalty of any kind, or any cash amount due or any in-kind
amount due to the Investor from the Company under any and all agreements of any nature or kind between the Company and the Investor.
The event(s) of an Investor’s Delay shall act to suspend all obligations of any kind or nature of the Company under any
and all agreements of any nature or kind between the Company and the Investor.

 

Section
3.09 The Company shall hold in confidence and not make any disclosure of information concerning the Investor unless (i) disclosure
of such information is necessary to comply with federal or state Laws, (ii) the disclosure of such information is necessary to
avoid or correct a misstatement or omission in any Registration Statement, or (iii) the release of such information is ordered
pursuant to a subpoena or other final, non-appealable order from a court or governmental body of competent jurisdiction. The Company
agrees that it shall, upon learning that disclosure of such information concerning the Investor is sought in or by a court or
governmental body of competent jurisdiction or through other means, to the extent legally permissible, give prompt written notice
to the Investor and allow the Investor, at the Investor’s expense, to undertake appropriate action to prevent disclosure
of, or to obtain a protective order covering such information.

 

Section
3.10 The Company shall use all commercially reasonable efforts to maintain designation and quotation of all the Registrable Securities
covered by any Registration Statement on the Principal Market. If, despite the Company’s commercially reasonable efforts,
the Company is unsuccessful in satisfying the preceding sentence, it shall use commercially reasonable efforts to cause all the
Registrable Securities covered by any Registration Statement to be listed on each other national securities exchange and automated
quotation system, if any, on which securities of the same class or series issued by the Company are then listed, if any, if the
listing of such Registrable Securities is then permitted under the rules of such exchange or system. The Company shall pay all
fees and expenses in connection with satisfying its obligation under this Section 3.10.

 

    	 	 	 

     

    

 

Section
3.11 The Company shall cooperate with the Investor to facilitate the prompt preparation and delivery the Registrable Securities
to be offered pursuant to the Registration Statement and enable such Registrable Securities to be in such denominations or amounts,
as the case may be, as the Investor may reasonably request.

 

Section
3.12 The Company shall provide a transfer agent for all the Registrable Securities not later than the effective date of the first
Registration Statement filed pursuant hereto.

 

Section
3.13 If reasonably requested by the Investor, the Company shall (i) as soon as reasonably practical incorporate in a prospectus
supplement or post-effective amendment such information as the Investor reasonably determines should be included therein relating
to the sale and distribution of Registrable Securities, including, without limitation, information with respect to the offering
of the Registrable Securities to be sold in such offering; (ii) make all required filings of such prospectus supplement or post-effective
amendment as soon as reasonably possible after being notified of the matters to be incorporated in such prospectus supplement
or post-effective amendment; and (iii) supplement or make amendments to any Registration Statement.

 

Section
3.14 The Company shall use all commercially reasonable efforts to cause the Registrable Securities covered by the applicable Registration
Statement to be registered with or approved by such other Governmental Authorities as may be necessary to facilitate the disposition
of such Registrable Securities.

 

Section
3.15 The Company shall otherwise use all commercially reasonable efforts to comply with all applicable rules and regulations of
the SEC in connection with any registration hereunder.

 

Section
3.16 Within three (3) Trading Days after the Registration Statement which includes Registrable Securities is declared effective
by the SEC, the Company shall deliver to the transfer agent for such Registrable Securities, with copies to the Investor, confirmation
that such Registration Statement has been declared effective by the SEC.

 

Section
3.17 All legal expenses, other than underwriting discounts and sales or brokerage commissions and other than as set forth in the
CSPA, incurred in connection with registrations including comments, filings or qualifications pursuant to SECTION 2 including,
without limitation, all registration, listing and qualifications fees, and printing fees shall be paid by the Company.

 

Section
3.18 With a view to making available to the Investor the benefits of Rule 144 promulgated under the 1933 Act or any other similar
rule or regulation of the SEC that may at any time permit the Investor to sell Registrable Securities to the public without registration
(“Rule 144”), provided that the Investor holds any Registrable Securities are eligible for resale under Rule 144,
the Company agrees to:

 

	 	(a)	make
    and keep adequate current public information available, as those terms are understood and defined in Rule 144;
	 	 	 
	 	(b)	file
    with the SEC in a timely manner all reports and other documents required of the Company under the 1933 Act and the 1934 Act
    so long as the Company remains subject to such requirements and the filing of such reports and other documents is required
    for the applicable provisions of Rule 144; and
	 	 	 
	 	(c)	furnish
    to the Investor, promptly upon request, (i) a written statement by the Company that it has complied with the reporting requirements
    of Rule 144, the 1933 Act and the 1934 Act, (ii) a copy of the most recent annual or quarterly report of the Company and such
    other reports and documents so filed by the Company, and (iii) such other information as may be reasonably requested to permit
    the Investor to sell such securities pursuant to Rule 144 without registration.

 

    	 	 	 

     

    

 

SECTION
4. OBLIGATIONS OF THE INVESTOR

 

Section
4.01 At least five (5) calendar days prior to the first anticipated filing date of the Registration Statement, the Company shall
notify the Investor in writing of the information the Company requires from the Investor for the Registration Statement. It shall
be a condition precedent to the obligations of the Company to complete the registration pursuant to this Agreement with respect
to the Registrable Securities that the Investor agrees to furnish to the Company that information regarding itself, the Registrable
Securities and the intended method of disposition of the Registrable Securities as shall reasonably be required to effect the
registration of such Registrable Securities and the Investor shall execute such documents in connection with such registration
as the Company may reasonably request. The Investor covenants and agrees that, in connection with any sale of Registrable Securities
by it pursuant to the Registration Statement, it shall comply with the “Plan of Distribution” section of the then-current
prospectus relating to such Registration Statement.

 

Section
4.02 The Investor agrees to cooperate with the Company as reasonably requested by the Company in connection with the preparation
and filing of any Registration Statement hereunder.

 

Section
4.03 The Investor agrees that, upon receipt of written notice from the Company of the happening of any event of the kind described
in Section 3.07 or the first sentence of Section 3.06, the Investor will immediately discontinue disposition of Registrable Securities
pursuant to any Registration Statement(s) covering such Registrable Securities until the Investor’s receipt of the copies
of the supplemented or amended prospectus contemplated by Section 3.07 or the first sentence of Section 3.06.

 

SECTION
5. INDEMNIFICATION

 

Section
5.01 In the event any Registrable Securities are included in the Registration Statement under this Agreement this SECTION 5 shall
apply thereto.

 

Section
5.02 To the fullest extent permitted by Law and subject to the terms and conditions herein, the Company will, and hereby does,
agree to indemnify, hold harmless and defend the Investor, the directors, officers, partners, employees, counsel, agents, representatives
of, and each Person, if any, who controls, Investor within the meaning of the 1933 Act or the 1934 Act (each, an “Investor
Indemnified Party”), against any losses, claims, damages, liabilities, judgments, fines, penalties, charges, costs, attorneys’
fees, amounts paid in settlement or expenses, joint or several (collectively, “Claims”), incurred in investigating,
preparing or defending any action, claim, suit, inquiry, proceeding, investigation or appeal taken from the foregoing by or before
any court or governmental, administrative or other regulatory agency, body or the SEC, whether pending or threatened, whether
or not an indemnified party is or may be a party thereto (“Indemnified Damages”), to which any of them may become
subject insofar as such Claims (or actions or proceedings, whether commenced or threatened, in respect thereof) arise out of or
are based upon: (i) any untrue statement or alleged untrue statement of a material fact in the Registration Statement or any post-effective
amendment thereto or in any filing made in connection with the qualification of the offering under the securities or other “blue
sky” Laws of any jurisdiction in which the Investor has requested in writing that the Company register or qualify the Shares
(“Blue Sky Filing”), or the omission or alleged omission to state a material fact required to be stated therein or
necessary to make the statements therein, in light of the circumstances under which the statements therein were made, not misleading,
(ii) any untrue statement or alleged untrue statement of a material fact contained in the final prospectus (as amended or supplemented,
if the Company files any amendment thereof or supplement thereto with the SEC) or the omission or alleged omission to state therein
any material fact necessary to make the statements made therein, in light of the circumstances under which the statements therein
were made, not misleading, or (iii) any violation or alleged violation by the Company of the 1933 Act, the 1934 Act, any other
Law, including, without limitation, any state securities Law, or any rule or regulation thereunder relating to the offer or sale
of the Registrable Securities pursuant to the Registration Statement, and the Company shall notify Purchaser promptly of the institution,
threat or assertion of any proceeding arising from or in connection with the transactions contemplated by this Agreement of which
the Company is aware (the matters in the foregoing clauses (i) through (iii) being, collectively, “Violations”). Subject
to the restrictions set forth in Section 5.05 the Company shall reimburse the Investor and each such controlling person, promptly
as such expenses are incurred and are due and payable, for any reasonable legal fees or other reasonable expenses incurred by
them in connection with investigating or defending any such Claim related to a Violation. Notwithstanding anything to the contrary
contained herein, the indemnification agreement contained in this Section 5.02 (i) shall not apply to a Claim arising out of or
based upon a Violation which is due to the inclusion in the Registration Statement of the information furnished to the Company
by any Investor Indemnified Party expressly for use in connection with the preparation of the Registration Statement or any such
amendment thereof or supplement thereto; (ii) shall not be available to the extent such Claim is based on (a) a failure of the
Investor to deliver or to cause to be delivered the prospectus made available by the Company or (b) the Investor Indemnified Party’s
use of an incorrect prospectus despite being promptly advised in advance by the Company in writing not to use such incorrect prospectus;
(iii) any claims based on the manner of sale of the Registrable Securities by the Investor or of the Investor’s failure
to register as a dealer under applicable securities Laws; (iv) any omission of the Investor to notify the Company of any material
fact that should be stated in the Registration Statement or prospectus relating to the Investor or the manner of sale; and (v)
any amounts paid in settlement of any Claim if such settlement is effected without the prior written consent of the Company, which
consent shall not be unreasonably withheld. Such indemnity shall remain in full force and effect regardless of any investigation
made by or on behalf of the Investor Indemnified Party and shall survive the resale of the Registrable Securities by the Investor
pursuant to the Registration Statement.

 

    	 	 	 

     

    

 

Section
5.03 In connection with any Registration Statement in which Investor is participating, the Investor agrees to severally and jointly
indemnify, hold harmless and defend, to the same extent and in the same manner as is set forth in Section 5.02, the Company, the
officers, directors, members, partners, agents and employees (and any other individuals or entities with a functionally equivalent
role of a person holding such titles, notwithstanding a lack of such title or any other title) of the Company, each individual
or entity who controls the company (within the meaning of Section 15 of the 1933 Act or Section 20 of the 1934 Act) and the officers,
directors, members, partners, agents and employees (and any other individuals or entities with a functionally equivalent role
of a person holding such titles, notwithstanding a lack of such title or any other title) of each such controlling individual
(each a “Company Indemnified Party”) against any Claim or Indemnified Damages to which any of them may become subject
insofar as such Claim or Indemnified Damages arise out of or are based upon any Violation, in each case to the extent, and only
to the extent, that such Violation is incurred, arises out of or related to (1) any untrue or alleged untrue statement of a material
fact contained in a Registration Statement, any related prospectus or any form of prospectus or in any amendment or supplement
thereto or in any preliminary prospectus, or arising out of or relating to any omission or alleged omission of a material fact
required to be stated therein or necessary to make the statements therein (in the case of any such prospectus or supplement thereto,
in light of the circumstances under which they were made) not misleading or (2) any violation or alleged violation by the Company
of the 1933 Act, the 1934 Act or any state securities Law, or any rule or regulation thereunder, in connection with the performance
of its obligations under this Agreement, but only to the extent that such untrue statements or omissions are based upon information
regarding Investor furnished to the Company by Investor for use therein, and the Investor will reimburse any legal or other expenses
reasonably incurred by any Company Indemnified Party in connection with investigating or defending any such Claim; provided, however,
that the indemnity agreement contained in this Section 5.03 and the agreement with respect to contribution contained in Section
5.07 shall not apply to amounts paid in settlement of any Claim if such settlement is effected without the prior written consent
of the Investor, which consent shall not be unreasonably withheld. Investor shall notify the Company promptly of the institution,
threat or assertion of any proceeding arising from or in connection with the transactions contemplated by this Agreement of which
Investor is aware.

 

Section
5.04 Any indemnity hereunder shall remain in full force and effect regardless of any investigation made by or on behalf of any
Investor Indemnified Party or Company Indemnified Party (each, an “Indemnified Party”), as applicable, and shall survive
the resale of the Registrable Securities by the Investor pursuant to the Registration Statement. Notwithstanding anything to the
contrary contained herein, the indemnification agreement contained in this SECTION 5 with respect to any preliminary prospectus
shall not inure to the benefit of any Indemnified Party if the untrue statement or omission of material fact contained in the
preliminary prospectus were corrected on a timely basis in the prospectus, as then amended or supplemented. This indemnification
provision shall apply separately to each Investor and liability hereunder shall not be joint and several.

 

Section
5.05 Promptly after receipt by an Indemnified Party under this SECTION 5 of notice of the commencement of any action or proceeding
(including any governmental action or proceeding) involving a Claim, such Indemnified Party shall, if a Claim in respect thereof
is to be made against any indemnifying party under this SECTION 5, deliver to the indemnifying party a written notice of the commencement
thereof, and the indemnifying party shall have the right to participate in, and, to the extent the indemnifying party so desires,
jointly with any other indemnifying party similarly noticed, to assume control of the defense thereof with counsel mutually satisfactory
to the indemnifying party and the Indemnified Party; provided, however, that an Indemnified Party shall have the right to retain
its own counsel with the fees and expenses to be paid by the indemnifying party, if, in the reasonable opinion of counsel retained
by the Indemnified Party, the representation by counsel of the Indemnified Party and the indemnifying party would be inappropriate
due to actual or potential differing interests between such Indemnified Party and any other party represented by such counsel
in such proceeding. The indemnifying party shall pay for only one (1) separate legal counsel for the Indemnified Party and such
counsel shall be selected by the Investor, if the Investor is entitled to indemnification hereunder, or the Company, if the Company
is entitled to indemnification hereunder, as applicable. The Indemnified Party shall cooperate fully with the indemnifying party
in connection with any negotiation or defense of any such action or Claim by the indemnifying party and shall furnish to the indemnifying
party all information reasonably available to the Indemnified Party which relates to such action or Claim. The indemnifying party
shall keep the Indemnified Party fully apprised at all times as to the status of the defense or any settlement negotiations with
respect thereto. No indemnifying party shall be liable for any settlement of any action, claim or proceeding effectuated without
its written consent, provided, however, that the indemnifying party shall not unreasonably withhold, delay or condition its consent.
No indemnifying party shall, without the consent of the Indemnified Party, consent to entry of any judgment or enter into any
settlement or other compromise which does not include as an unconditional term thereof the giving by the claimant or plaintiff
to such Indemnified Party of a release from all liability in respect to such Claim. Following indemnification as provided for
hereunder, the indemnifying party shall be subrogated to all rights of the Indemnified Party with respect to all third parties,
firms or corporations relating to the matter for which indemnification has been made. The failure to deliver written notice to
the indemnifying party within a reasonable time of the commencement of any such action shall not relieve such indemnifying party
of any liability to the Indemnified Party under this SECTION 5, except to the extent that the indemnifying party is prejudiced
in its ability to defend such action.

 

    	 	 	 

     

    

 

Section
5.06 The indemnity agreements contained herein shall be in addition to (i) any cause of action or similar right of the Indemnified
Party against the indemnifying party or others, and (ii) any liabilities the indemnifying party may be subject to pursuant to
the Law.

 

Section
5.07 To the extent any indemnification by an indemnifying party is prohibited or limited by Law, the indemnifying party agrees
to make the maximum contribution with respect to any amounts for which it would otherwise be liable under this SECTION 5 to the
fullest extent permitted by Law; provided, however, that: (i) no contribution shall be made under circumstances where the maker
would not have been liable for indemnification under the fault standards set forth in this SECTION 5; and (ii) no seller of Registrable
Securities guilty of fraudulent misrepresentation (within the meaning of Section 11(f) of the 1933 Act) shall be entitled to contribution
from any seller of Registrable Securities who was not guilty of fraudulent misrepresentation.

 

SECTION
6. MISCELLANEOUS

 

Section
6.01 LAW GOVERNING THIS AGREEMENT; ADDITIONAL PROVISIONS.

 

	 	(a)	This
    Agreement shall be governed by and construed in accordance with the Laws of the State of Delaware without regard to principles
    of conflicts of laws. Any action brought by either Party against the other concerning the Transactions shall be brought only
    in the state or federal courts located in Los Angeles, California. The Parties hereby irrevocably waive any objection to jurisdiction
    and venue of any action instituted hereunder and shall not assert any defense based on lack of jurisdiction or venue or based
    upon forum non conveniens. The Parties agree to submit to the in personam jurisdiction of such courts. Each Party hereby
    irrevocably waives personal service of process and consents to process being served in any suit, action or proceeding in connection
    with this Agreement or any other Investment Documents by mailing a copy thereof via registered or certified mail or overnight
    delivery (with evidence of delivery) to such Party at the address in effect for notices to it under this Agreement and agrees
    that such service shall constitute good and sufficient service of process and notice thereof. Nothing contained herein shall
    be deemed to limit in any way any right to serve process in any other manner permitted by Law

 

    	 	 	 

     

    

 

	 	(b)	EACH
    PARTY HERETO HEREBY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN
    ANY LEGAL PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS AGREEMENT OR THE TRANSACTIONS, THE PERFORMANCE
    THEREOF OR THE FINANCINGS CONTEMPLATED THEREBY (WHETHER BASED ON CONTRACT, TORT OR ANY OTHER THEORY). EACH PARTY HERETO (A)
    CERTIFIES THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PARTY HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH
    OTHER PARTY WOULD NOT, IN THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER AND (B) ACKNOWLEDGES THAT IT AND THE
    OTHER PARTIES HERETO HAVE BEEN INDUCED TO ENTER INTO THIS AGREEMENT BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS
    IN THIS Section 6.01(b). Each of the Parties acknowledge that each has been represented in connection with the signing of
    this waiver by independent legal counsel selected by the respective Party and that such Party has discussed the legal consequences
    and import of this waiver with legal counsel. Each of the Parties further acknowledge that each has read and understands the
    meaning of this waiver and grants this waiver knowingly, voluntarily, without duress and only after consideration of the consequences
    of this waiver with legal counsel.
	 	 	 
	 	(c)	The
    prevailing Party in any dispute hereunder shall be entitled to recover from the other Party its reasonable attorneys’
    fees and costs.
	 	 	 
	 	(d)	In
    the event that any provision of this Agreement or any other agreement delivered in connection herewith is invalid or unenforceable
    under any applicable statute or rule of Law, then such provision shall be deemed inoperative to the extent that it may conflict
    therewith and shall be deemed modified to conform with such statute or rule of Law. Any such provision which may prove invalid
    or unenforceable under any Law shall not affect the validity or enforceability of any other provision of any agreement.
	 	 	 
	 	(e)	The
    headings in this Agreement are for convenience of reference only and shall not limit or otherwise affect the meaning hereof.
    This Agreement shall not be construed as if it had been prepared by one of the Parties, but rather as if both Parties had
    prepared the same.

 

Section
6.02 LEGAL FEES; AND MISCELLANEOUS FEES. Except as otherwise set forth in the Investment Documents each Party shall pay
the fees and expenses of its advisers, counsel, the accountants and other experts, if any, and all other expenses incurred by
such Party incident to the negotiation, preparation, execution, delivery and performance of this Agreement.

 

    	 	 	 

     

    

 

Section
6.03 NOTICES.

 

	 	(a)	Any
    notice or other communications required or permitted hereunder shall be in writing and shall be sufficiently given if personally
    delivered to it or sent by email, overnight courier or registered mail or certified mail, postage prepaid, addressed as follows:

 

if
to the Company, to:

 

Simplicity
Esports and Gaming Company

7000
W. Palmetto Park Road, Suite 505

Boca
Raton, Florida 33433

Attention:
Jed Kaplan

Email:
jkaplan@simplicityesports.com

 

With
a copy, which shall not constitute notice, to:

 

Anthony
L.G., PLLC

Attn:
Laura Anthony

625
N. Flagler Drive, Suite 600

West
Palm Beach, FL 33401

Email: lanthony@anthonypllc.com

 

If
to Investor, to:

 

Triton
Funds LP

Attn:
Marc Indeglia

1262
Prospect Street

La
Jolla, CA 92037

Email:
tritonfunds@tritonfunds.com

 

	 	(b)	Any
    Party may change its address for notices hereunder upon notice to each other Party in the manner for giving notices hereunder.
	 	 	 
	 	(c)	Any
    notice hereunder shall be deemed to have been given (i) upon receipt, if personally delivered, (ii) on the day after dispatch,
    if sent by overnight courier, (iii) upon dispatch, if transmitted by email with return receipt requested and received and
    (iv) three (3) days after mailing, if sent by registered or certified mail.

 

Section
6.04 AMENDMENTS; NO WAIVERS; NO THIRD-PARTY BENEFICIARIES.

 

	 	(a)
    	This
    Agreement may be amended, modified, superseded, terminated or cancelled, and any of the terms, covenants, representations,
    warranties or conditions hereof may be waived, only by a written instrument executed by both Parties.
	 	 	 
	 	(b)
    	Every
    right and remedy provided herein shall be cumulative with every other right and remedy, whether conferred herein, at law,
    or in equity, and may be enforced concurrently herewith, and no waiver by any Party of the performance of any obligation by
    the other Party shall be construed as a waiver of the same or any other default then, theretofore, or thereafter occurring
    or existing.
	 	 	 
	 	(c)	 Neither
    any failure or delay in exercising any right or remedy hereunder or in requiring satisfaction of any condition herein nor
    any course of dealing shall constitute a waiver of or prevent any Party from enforcing any right or remedy or from requiring
    satisfaction of any condition. No notice to or demand on a Party waives or otherwise affects any obligation of that Party
    or impairs any right of the Party giving such notice or making such demand, including any right to take any action without
    notice or demand not otherwise required by this Agreement. No exercise of any right or remedy with respect to a breach of
    this Agreement shall preclude exercise of any other right or remedy, as appropriate to make the aggrieved Party whole with
    respect to such breach, or subsequent exercise of any right or remedy with respect to any other breach.
	 	 	 
	 	(d)	 Notwithstanding
    anything else contained herein, no Party shall seek, nor shall any Party be liable for, consequential, punitive or exemplary
    damages, under any tort, contract, equity, or other legal theory, with respect to any breach (or alleged breach) of this Agreement
    or any provision hereof or any matter otherwise relating hereto or arising in connection herewith.

 

    	 	 	 

     

    

 

Section
6.05 FURTHER ASSURANCES. Following the Execution Date, each Party shall execute and deliver such documents and other papers
and take such further action as may be reasonably required to carry out the provisions of the Investment Documents.

 

Section
6.06 SUCCESSORS AND ASSIGNS; BENEFIT. The provisions of this Agreement shall be binding upon and inure to the benefit of
the Parties and their respective successors and assigns. No Party may assign, delegate or otherwise transfer any of its rights
or obligations under this Agreement without the written consent of the other Parties. Nothing in this Agreement, expressed or
implied, shall confer on any Person other than the Parties, and their respective successors and assigns, any rights, remedies,
obligations, or liabilities under or by reason of this Agreement.

 

Section
6.07 ENTIRE AGREEMENT. This Agreement and the other Investment Documents constitute the entire agreement between the Parties
with respect to the subject matter hereof and thereof and supersedes all prior agreements and understandings, both oral and written,
between the Parties with respect to the subject matter hereof and thereof.

 

Section
6.08 SPECIFIC PERFORMANCE. Each Party agrees that irreparable damage would occur if any provision of this Agreement were
not performed in accordance with the terms hereof and that each Party shall be entitled to seek specific performance of the terms
hereof in addition to any other remedy at law or in equity.

 

Section
6.09 COUNTERPARTS. This Agreement may be executed in two or more counterparts, all of which shall be considered one and
the same agreement and shall become effective when counterparts have been signed by each of the Parties and delivered to the other
Parties, it being understood that each Party need not sign the same counterpart. A facsimile copy or electronic transmission of
a signature page shall be deemed to be an original signature page. A Party’s signature on the signature page hereof evidences
such Party’s agreement to be bound by the terms and conditions of this Agreement. Each undersigned signatory hereby certifies
that he or she has read and understands this Agreement, the representations made by the Party for which such signatory is executing
this Agreement are true and accurate, and that such Party agrees to be bound by its terms.

 

[Signatures
appear on following page]

 

    	 	 	 

     

    

 

IN
WITNESS WHEREOF, the parties have caused this Registration Rights Agreement to be duly executed by their respective officers thereunto
duly authorized as of the day and year written below.

 

	 	 	 
	 	Simplicity
    Esports and Gaming Company
	 	 	 
	 	By:	/s/
    Roman Franklin
	 	Name:	Roman
    Franklin
	 	Title:	President
	 	Date:	March
    12, 2020
	 	 	 
	 	Triton
    Funds LP
	 	 
	 	By:	/s/
    Tyler Hoffman
	 	Name:	TYLER
    HOFFMAN
	 	Title:	AUTHORIZED
    SIGNATORY
	 	Date:	MARCH
    11, 2020Exhibit 10.1

 

Execution Version

 

SIXTH AMENDMENT

TO CREDIT AND GUARANTY AGREEMENT

 

THIS SIXTH AMENDMENT
TO CREDIT AND GUARANTY AGREEMENT (this “Amendment”) is dated as of March 18, 2020 and is entered into by
and among APLP HOLDINGS LIMITED PARTNERSHIP, a limited partnership formed under the laws of the Province of Ontario, Canada
(the “Borrower”), by its general partner, ATLANTIC POWER GP II INC., a corporation organized under the
laws of the Province of British Columbia, Canada (in such capacity, the “General Partner”), ATLANTIC POWER
CORPORATION, a corporation organized under the laws of the Province of British Columbia, Canada (the “Sponsor”),
GOLDMAN SACHS LENDING PARTNERS LLC (“Goldman Sachs”), as Administrative Agent (“Administrative
Agent”), acting with the consent of the Requisite Revolving Lenders and, for purposes of Section VIII hereof,
the GUARANTORS listed on the signature pages hereto, and is made with reference to that certain CREDIT AND GUARANTY AGREEMENT
dated as of April 13, 2016, as amended by that certain First Amendment to Credit and Guaranty Agreement, dated as of April 17,
2017, that certain Second Amendment to Credit and Guaranty Agreement, dated as of October 18, 2017, that certain Third Amendment
to Credit and Guaranty Agreement, dated as of April 19, 2018, that certain Fourth Amendment to Credit and Guaranty Agreement, dated
as of October 31, 2018 and that certain Fifth Amendment to Credit and Guaranty Agreement, dated as of January 31, 2020 (and as
further amended through the date hereof, the “Credit Agreement”) by and among the Borrower, by its General Partner,
the Sponsor and the subsidiaries of the Borrower named therein, as Guarantors, the Lenders and L/C Issuers party thereto from time
to time, the Administrative Agent and the Collateral Agent. Capitalized terms used herein without definition shall have the same
meanings herein as set forth in the Credit Agreement after giving effect to this Amendment.

 

RECITALS

 

WHEREAS, the
Credit Parties have requested that the Requisite Revolving Lenders agree to amend certain provisions of the Credit Agreement as
provided for herein;

 

WHEREAS, subject
to the conditions set forth herein, each Revolving Lender that has delivered their counterpart signature of this Amendment to the
Administrative Agent in accordance with instructions given to the Revolving Lenders for delivery of such signatures hereby agrees
to such amendment relating to the Credit Agreement as hereinafter set forth;

 

WHEREAS, each
Revolving Lender holding Revolving Loans immediately prior to the Sixth Amendment Effective Date (the “Existing Revolving
Loans”) or unused Revolving Commitments immediately prior to the Sixth Amendment Effective Date (the “Existing
Revolving Commitments” and, such Revolving Lenders holding such Existing Revolving Loans or Existing Revolving Commitments,
the “Existing Revolving Lenders”) that executes and delivers a consent to this Amendment in the form of the
 “Revolving Lender Consent” attached hereto as Annex I (a “Revolving Lender Consent”) (collectively,
the “Consenting Revolving Lenders”) will, by the fact of such execution and delivery, be deemed to have consented
to the terms of this Amendment;

 

    

     

    

 

WHEREAS,
each Existing Revolving Lender that fails to execute and return a Revolving Lender Consent by 5:00 p.m. (New York City time),
on March 15, 2020 (the “Consent Deadline”) (each, a “Non-Consenting Revolving Lender”)
shall, in accordance with Section 2.24 of the Credit Agreement, assign and delegate, without recourse (in accordance with
Section 10.6 of the Credit Agreement), all of its interests, rights and obligations under the Credit Agreement and the
related Credit Documents in respect of its Existing Revolving Loans and Existing Revolving Commitments to an assignee that
shall assume such obligations as specified in the Master Assignment and Assumption Agreement substantially in the form
attached hereto as Annex II (a “Master Assignment”), as further set forth in this Amendment;
and

 

WHEREAS, each
Credit Party party hereto (collectively, the “Reaffirming Parties”, and each, a “Reaffirming Party”)
expects to realize substantial direct and indirect benefits as a result of this Amendment becoming effective and the consummation
of the transactions contemplated hereby and agrees to reaffirm its obligations pursuant to the Credit Agreement, the Collateral
Documents, and the other Credit Documents to which it is a party.

 

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

 

	SECTION I. 	AMENDMENTS TO CREDIT AGREEMENT.

 

		1.1	Amendments to Section 1: Definitions.

 

A. Section 1.1 of the Credit
Agreement is hereby amended by adding the following definitions in proper alphabetical sequence:

 

“Sixth
Amendment” means that certain Sixth Amendment to Credit and Guaranty Agreement dated as of March 18, 2020 among the Borrower,
by its General Partner, the Administrative Agent, the Revolving Lenders and the Guarantors listed on the signature pages thereto.

 

“Sixth
Amendment Effective Date” means the date of satisfaction of the conditions referred to in Section III of the Sixth Amendment.

 

B. Section
1.1 of the Credit Agreement is hereby amended by amending and restating the following definitions:

 

“Revolving
Commitment Termination Date” means the earliest to occur of (i) the ninth anniversary of
the Effective Date, as extended pursuant to Section 2.25, if applicable; (ii) the date the Revolving Commitments are permanently
reduced to zero pursuant to Section 2.14(b) or 2.15; and (iii) the date of the termination of the Revolving Commitments pursuant
to Section 8.1.

 

C. The
cover page to the Credit Agreement, the second Recital to the Credit Agreement and the definition of “Revolving Commitment”
are hereby amended by deleting the number “$200,000,000” where it appears therein and replacing it with “$180,000,000”.

 

D. Appendix
A 2 of the Credit Agreement (Revolving Commitments and Letter of Credit Issuance Commitments) is hereby deleted in its
entirety and replaced with Appendix A 2 attached as Exhibit A hereto.

 

E. Section
10.22 of the Credit Agreement is hereby amended by amending and restating such section in its entirety as follows:

 

    2

     

    

 

“10.22
Electronic Execution of Assignments and Certain Other Documents. The words “execution,” “execute”,
 “signed,” “signature,” and words of like import in or related to any document to be signed in connection
with this Agreement and the transactions contemplated hereby (including without limitation Assignment Agreements, amendments or
other Funding Notices, waivers and consents) shall be deemed to include electronic signatures, the electronic matching of assignment
terms and contract formations on electronic platforms approved by the Administrative Agent, or the keeping of records in electronic
form, each of which shall be of the same legal effect, validity or enforceability as a manually executed signature or the use of
a paper-based recordkeeping system, as the case may be, to the extent and as provided for in any applicable law, including the
Federal Electronic Signatures in Global and National Commerce Act, the New York State Electronic Signatures and Records Act, or
any other similar state laws based on the Uniform Electronic Transactions Act.”

 

	SECTION II.	CONTINUATION OF EXISTING REVOLVING LOANS; NON-CONSENTING REVOLVING LENDERS; OTHER TERMS AND
AGREEMENTS.

 

2.1             
Continuing Lenders. Each Existing Revolving Lender executing and delivering a Revolving
Lender Consent hereby consents and agrees to this Amendment.

 

2.2             
Non-Consenting Revolving Lenders. The Borrower hereby gives notice to each Non-Consenting
Revolving Lender that, upon receipt of Revolving Lender Consents from the Existing Revolving Lenders constituting the Requisite
Revolving Lenders prior to the Sixth Amendment Effective Date, if such Non-Consenting Revolving Lender has not executed and delivered
a Revolving Lender Consent on or prior to the Consent Deadline, such Non-Consenting Revolving Lender shall, pursuant to Section
2.24 of the Credit Agreement, execute within one (1) Business Day after the Sixth Amendment Effective Date or be deemed to have
executed a counterpart of the Master Assignment and shall in accordance therewith sell its Existing Revolving Loans and Existing
Revolving Commitments as specified in the Master Assignment. Pursuant to the Master Assignment, each Non-Consenting Revolving Lender
shall sell and assign the principal amount of its Existing Revolving Loans and Existing Revolving Commitments as set forth in Schedule
I to the Master Assignment, as such Schedule is completed by the Administrative Agent on or prior to the Sixth Amendment Effective
Date, to the Replacement Lender under such Master Assignment, solely upon the consent and acceptance by the Replacement Lender.
The Replacement Lender shall be deemed to have consented to this Amendment with respect to such purchased Revolving Loans and Revolving
Commitments at the time of such assignment. 

 

2.3             
Without limiting any consent rights of the L/C Issuers set forth in the Credit Agreement,
each Existing Revolving Lender executing and delivering a Revolving Lender Consent hereby expressly consents and agrees that the
Credit Parties and the Administrative Agent may, subsequent to the Sixth Amendment Effective Date, enter into a further amendment
to the Credit Agreement (such amendment, an “Upsize Amendment”), without the need for any further Requisite Revolving
Lender consent, solely to effect an increase in the Revolving Commitments up to, but not in excess of, an aggregate amount equal
to $210,000,000 (whether as a result of a new Revolving Lender executing a joinder to the Credit Agreement in form and substance
acceptable to the Administrative Agent, or as a result of any one or more of the existing Revolving Lenders agreeing with the
Borrower to increase such Revolving Lender’s Revolving Commitment); provided that, the Borrower shall notify the Revolving
Lenders of such increase in the Revolving Commitments on or prior to the effective date of an Upsize Amendment.

 

    3

     

    

 

	SECTION III.	 CONDITIONS TO EFFECTIVENESS.

 

The Amendment shall
become effective as of the date hereof only upon the satisfaction of all of the following conditions precedent (the date of satisfaction
of such conditions being referred to herein as the “Sixth Amendment Effective Date”):

 

A. Execution.
Administrative Agent shall have received a counterpart signature page of this Amendment duly executed by (i) each of the Credit
Parties and the General Partner, (ii) the Revolving Lenders under the Credit Agreement consisting of at least the Requisite Revolving
Lenders and (iii) the Administrative Agent.

 

B. Fees; Interest.

 

(a) The Administrative
Agent shall have received (i) all fees, costs, expenses and other amounts due and payable on or prior to the Sixth Amendment Effective
Date, including, to the extent invoiced, reimbursement or other payment of all out-of-pocket expenses required to be reimbursed
or paid by the Borrower hereunder or any other Credit Document and (ii) for the account of each Revolving Lender, all interest
accrued but unpaid on all existing Revolving Loans through the Sixth Amendment Effective Date.

 

(b) The Arrangers,
as Extension Arrangers (as defined below), shall have each received all fees due and payable under the fee letters between the
Sponsor and each Arranger, dated as of March 18, 2020, respectively.

 

C. Legal Opinions.
The Administrative Agent shall have received a favorable opinion of (a) Norton Rose Fulbright US LLP, New York, Delaware and California
special counsel to the Credit Parties and (b) Goodmans LLP, Burnet, Duckworth & Palmer LLP and MLT Atkins LLP, local Canadian
counsel to the Credit Parties, in each case in form and substance satisfactory to the Administrative Agent.

 

D. Sixth Amendment
Effective Date Certificate. The Administrative Agent shall have received a certificate signed by a Responsible Officer of the
Borrower as to the matters set forth in paragraphs (F) and (G) of this Section III.

 

    4

     

    

 

E.
Organizational Documents; Incumbency. The Administrative Agent shall have received, in respect of each Credit Party and
the General Partner, a certificate dated as of the Sixth Amendment Effective Date of the secretary or an assistant secretary
or director (or such other officer reasonably acceptable to the Administrative Agent) of such party, in form and substance
reasonably satisfactory to the Administrative Agent, certifying (i) that either (A) attached thereto is a true and complete
and up to date copy of the Organizational Documents including any certificate on change of name and all amendments thereto of
such Credit Party or the General Partner, as applicable, certified as of a recent date by the Secretary of State (or
comparable Governmental Authority) of its jurisdiction of organization (where applicable), and that the same has not been
amended since the date of such certification or (B) the Organizational Documents of such Credit Party or the General Partner,
as applicable, delivered on the Effective Date to the Administrative Agent have not been amended and are in full force and
effect; (ii) that either (A) attached thereto is a true and complete copy of the bylaws or comparable governing documents of
such Credit Party or the General Partner, as applicable, as then in effect and as in effect at all times without amendment of
supersession from the date on which the resolutions referred to in clause (iii) below were adopted to and including the date
of such certificate or (B) that the bylaws or comparable governing documents of such Credit Party or the General Partner, as
applicable, delivered on the Effective Date to the Administrative Agent have not been amended and are in full force and
effect; (iii) that attached thereto is a true and complete copy of resolutions of the board of directors or similar governing
body of such Credit Party (or, in the case of a limited partnership, of the general partner, acting on behalf of such limited
partnership) and the General Partner, acting in its own capacity, approving and, to the extent required in any jurisdiction,
resolutions of the meeting of shareholders of a Credit Party (or, in the case of a limited partnership, of the general
partner, acting on behalf of such limited partnership) and the General Partner, acting in its own capacity, in each case,
authorizing the execution, delivery and performance of this Amendment and any related Credit Documents to which it is a party
which are in full force and effect without amendment or supersession as of the date of the certificate; (iv) a good standing
certificate (to the extent such concept is known in the relevant jurisdiction) from the applicable Governmental Authority of
such Credit Party’s or the General Partner’s, as applicable, jurisdiction of incorporation, organization or
formation dated the Sixth Amendment Effective Date or a recent date prior thereto; and (v) as to the incumbency and
genuineness of the signature of each officer, director or other comparable authorized manager or attorney of such Credit
Party or the General Partner, as applicable, executing this Amendment or any of such other Credit Documents, and attaching
all such copies of the documents described above.

 

F. No Default.
No Default or Event of Default has occurred and is continuing both before and immediately after giving effect to the transactions
contemplated hereby.

 

G. Representations
and Warranties. The representations and warranties of the Borrower and each of the Guarantors set forth in Section IV
of this Amendment are true and correct.

 

H. Master Assignment.
The Replacement Lender shall have executed and delivered the Master Assignment contemplated by Section II above and all
conditions to the consummation of the assignments in accordance with Section II above shall have been satisfied and such
assignments shall have been consummated.

 

    5

     

    

 

I.
Non-Consenting Revolving Lenders. The Borrower shall have, substantially concurrently with the effectiveness of this
Amendment, paid to all Non-Consenting Revolving Lenders all indemnities, fees, cost reimbursements and other Obligations
(other than interest payable under Section III.B. above and principal and all other amounts paid to such
Non-Consenting Revolving Lender under Section II above), if any, then due and owing to such Non-Consenting Revolving
Lenders under the Credit Agreement and the other Credit Documents (immediately prior to the Sixth Amendment Effective
Date).

 

J. Necessary Consents.
Each Credit Party shall have obtained all material consents necessary or advisable in connection with the transactions contemplated
by this Amendment.

 

	SECTION IV.	 REPRESENTATIONS AND WARRANTIES.

 

In order to induce
the other parties hereto to enter into this Amendment and to amend the Credit Agreement in the manner provided herein, each Credit
Party represents and warrants to each of the Revolving Lenders and the Administrative Agent that, as of the Sixth Amendment Effective
Date:

 

A. Corporate Power
and Authority. Each Credit Party, which is party hereto, has all requisite power and authority to enter into this Amendment
and to carry out the transactions contemplated by, and perform its obligations under, the Credit Agreement as amended by this Amendment
(the “Amended Agreement”) and the other Credit Documents.

 

B. Authorization
of Agreements. The execution and delivery of this Amendment and the performance of the Amended Agreement and the other Credit
Documents have been duly authorized by all necessary action on the part of each Credit Party.

 

C. No Conflict.
The execution and delivery by each Credit Party of this Amendment and the performance by each Credit Party of the Amended Agreement
and the other Credit Documents do not and will not (i) violate (A) any provision of any law, statute, rule or regulation, or of
the certificate or articles of incorporation or partnership agreement, other constitutive documents or by-laws of the General Partner,
the Borrower or any Credit Party or (B) any applicable order of any court or any rule, regulation or order of any Governmental
Authority, (ii) be in conflict with, result in a breach of or constitute (alone or with notice or lapse of time or both) a
default under any Contractual Obligation of the applicable Credit Party, where any such conflict, violation, breach or default
referred to in clause (i) or (ii) of this Section IV.C., individually or in the aggregate could reasonably be expected to
have a Material Adverse Effect, (iii) except as permitted under the Amended Agreement, result in or require the creation or imposition
of any Lien upon any of the properties or assets of each Credit Party (other than any Liens created under any of the Credit Documents
in favor of Administrative Agent on behalf of Lenders), or (iv) require any approval of stockholders or partners or any approval
or consent of any Person under any Contractual Obligation of each Credit Party, except for such approvals or consents which will
be obtained on or before the Sixth Amendment Effective Date and except for any such approvals or consents the failure of which
to obtain will not have a Material Adverse Effect.

 

D.
Governmental Consents. No action, consent or approval of, registration or filing with or any other action by any
Governmental Authority is or will be required in connection with the execution and delivery by each Credit Party of this
Amendment and the performance by the Borrower and the General Partner of the Amended Agreement and the other Credit
Documents, except for such actions, consents and approvals the failure to obtain or make which could not reasonably be
expected to result in a Material Adverse Effect or which have been obtained and are in full force and effect.

 

    6

     

    

 

E. Binding Obligation.
This Amendment and the Amended Agreement have been duly executed and delivered by each of the Credit Parties party thereto and
each constitutes a legal, valid and binding obligation of such Credit Party to the extent a party thereto, enforceable against
such Credit Party in accordance with its terms, except as enforceability may be limited by bankruptcy, insolvency, moratorium,
reorganization or other similar laws affecting creditors’ rights generally and except as enforceability may be limited by
general principles of equity (regardless of whether such enforceability is considered in a proceeding in equity or at law).

 

F. Incorporation
of Representations and Warranties from Credit Agreement. The representations and warranties (a) contained in Section 4 of the
Amended Agreement (other than Section 4.24) are and will be true and correct in all material respects on and as of the Sixth Amendment
Effective Date to the same extent as though made on and as of that date, except to the extent such representations and warranties
specifically relate to an earlier date, in which case they were true and correct in all material respects on and as of such earlier
date and (b) contained in Section 4.24 of the Amended Agreement are and will be true and correct in all material respects on and
as of the Sixth Amendment Effective Date to the same extent as though made on and as of that date, except to the extent such representations
and warranties (x) specifically relate to an earlier date, in which case they were true and correct in all material respects on
and as of such earlier date, or (y) have been updated, modified, supplemented or otherwise superseded by information contained
in the most recent Form 10-K and Form 10-Q and any Form 8-K (to the extent such Form 8-K was filed on or after the date of the
most recent Form 10-Q) filed by the Sponsor with the Securities and Exchange Commission, in which case they were true and correct
in all material respects on and as of the date of the most recent Form 10-K and Form 10-Q and any such Form 8-K and will be true
and correct in all material respects on and as of the Sixth Amendment Effective Date to the same extent as though made on and as
of that date; provided that, in each case, such materiality qualifier shall not be applicable to any representations and
warranties that already are qualified or modified by materiality in the text thereof.

 

G. Absence of Default.
No event has occurred and is continuing or will result from the consummation of the transactions contemplated by this Amendment
that would constitute an Event of Default or a Default.

 

	SECTION V.	 BORROWER’S CONSENT.

 

For purposes of
Section 10.6 of the Credit Agreement, the Borrower hereby consents to any assignee of the Replacement Lender or any of its respective
Affiliates (in each case otherwise being an Eligible Assignee) becoming a Revolving Lender in connection with the syndication of
the Revolving Commitments acquired by the Replacement Lender pursuant to Section II hereof.

 

	SECTION VI.	 EXTENSION ARRANGERS.

 

The
Credit Parties and the Revolving Lenders party hereto agree that (a) the Arrangers, in their respective capacities as joint
lead arrangers with respect to this Amendment (collectively, the “Extension Arrangers”), shall be entitled to the
privileges, indemnification, immunities and other benefits afforded to the Arrangers under the Amended Agreement and (b)
except as otherwise agreed to in writing by the Borrower, the General Partner and the Extension Arrangers, the Extension
Arrangers shall have no duties, responsibilities or liabilities with respect to this Amendment, the Amended Agreement or any
other Credit Document.

 

    7

     

    

 

	SECTION VII.	 INDEMNIFICATION.

 

Each
Credit Party hereby confirms that the indemnification provisions set forth in Section 10.3 of the Amended Agreement shall apply
to this Amendment and the transactions contemplated hereby.

 

	SECTION VIII.	 REAFFIRMATION.

 

Each
of the Reaffirming Parties, as party to the Credit Agreement and certain of the Collateral Documents and the other Credit Documents,
in each case as amended, supplemented or otherwise modified from time to time, hereby (i) acknowledges and agrees that all of its
obligations under the Credit Agreement, the Collateral Documents and the other Credit Documents to which it is a party are reaffirmed
and remain in full force and effect on a continuous basis, (ii) reaffirms (A) each Lien granted by it to the Administrative Agent
for the benefit of the Secured Parties and (B) any guaranties made by it pursuant to the Credit Agreement, (iii) acknowledges and
agrees that the grants of security interests by it contained in any Collateral Document to which it is a party shall remain, in
full force and effect after giving effect to this Amendment, and (iv) agrees that the Obligations include, among other things and
without limitation, the prompt and complete payment and performance by the Borrower when due and payable (whether at the stated
maturity, by acceleration or otherwise) of principal and interest on, and premium (if any) on, the Revolving Loans under the Amended
Agreement. Nothing contained in this Amendment shall be construed as substitution or novation of the obligations outstanding under
the Credit Agreement or the other Credit Documents, which shall remain in full force and effect, except to any extent modified
hereby

 

Each
Guarantor acknowledges and agrees that (i) notwithstanding the conditions to effectiveness set forth in this Amendment, such Guarantor
is not required by the terms of the Credit Agreement or any other Credit Document to consent to the amendments to the Credit Agreement
effected pursuant to this Amendment and (ii) nothing in the Credit Agreement, this Amendment or any other Credit Document shall
be deemed to require the consent of such Guarantor to any future amendments to the Credit Agreement.

 

	SECTION IX.	 ADMINISTRATIVE AGENT.

 

The
Credit Parties acknowledge and agree that Goldman Sachs, in its capacity as administrative agent under the Credit Agreement, will
serve as Administrative Agent under this Amendment and under the Amended Agreement.

 

	SECTION X.	 MISCELLANEOUS.

 

A. Reference
to and Effect on the Credit Agreement and the Other Credit Documents.

 

(i) On and after
the Sixth Amendment Effective Date, each reference in the Credit Agreement to “this Agreement”, “hereunder”,
 “hereof”, “herein” or words of like import referring to the Credit Agreement, and each reference in the
other Credit Documents to the “Credit Agreement”, “thereunder”, “thereof” or words of like
import referring to the Credit Agreement shall mean and be a reference to the Credit Agreement as amended by this Amendment.

 

    8

     

    

 

(ii) Except as
specifically amended by this Amendment, the Credit Agreement and the other Credit Documents shall remain in full force and effect
and are hereby ratified and confirmed.

 

(iii) The execution,
delivery and performance of this Amendment shall not constitute a waiver of any provision of, or operate as a waiver of any right,
power or remedy of any Agent or Lender under, the Credit Agreement or any of the other Credit Documents.

 

(iv) This Amendment
shall be deemed to be a Credit Document as defined in the Credit Agreement.

 

B. Headings.
Section and Subsection headings in this Amendment are included herein for convenience of reference only and shall not constitute
a part of this Amendment for any other purpose or be given any substantive effect.

 

C. Applicable
Law. THIS AMENDMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES HEREUNDER SHALL BE GOVERNED BY, AND SHALL BE CONSTRUED AND
ENFORCED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK, WITHOUT REGARD TO CONFLICTS OF LAWS PRINCIPLES THEREOF THAT WOULD
RESULT IN THE APPLICATION OF ANY LAW OTHER THAN THE LAW OF THE STATE OF NEW YORK.

 

D. Jurisdiction;
Waiver of Jury Trial. The provisions of Sections 10.15 and 10.16 of the Credit Agreement pertaining to consent to jurisdiction,
service of process, and waiver of jury trial are hereby incorporated by reference herein, mutatis mutandis.

 

E. Counterparts.
This Amendment may be executed in any number of counterparts and by different parties hereto in separate counterparts, each of
which when so executed and delivered shall be deemed an original, but all such counterparts together shall constitute but one and
the same instrument; signature pages may be detached from multiple separate counterparts and attached to a single counterpart so
that all signature pages are physically attached to the same document. Delivery of an executed counterpart of a signature page
of this Amendment by facsimile or in electronic format (e.g., “pdf” or “tif” file format) shall be effective
as delivery of a manually executed counterpart of this Amendment.

 

F. Severability. Any
term or provision of this Amendment which is invalid or unenforceable in any jurisdiction shall, as to that jurisdiction, be
ineffective to the extent of such invalidity or unenforceability without rendering invalid or unenforceable the remaining
terms and provisions of this Amendment or affecting the validity or enforceability of any of the terms or provisions of this
Amendment in any other jurisdiction. If any provision of this Amendment is so broad as to be unenforceable, the provision
shall be interpreted to be only so broad as would be enforceable.

 

G. Revolving
Commitments. Notwithstanding anything to the contrary herein or in the Credit Agreement, regardless of the Revolving Commitments
of each Revolving Lender in effect prior to the date hereof, each Revolving Lender’s Revolving Commitments shall be as set
forth on Exhibit A hereto from and after the date hereof.

 

[Remainder of this page intentionally
left blank.]

 

    9

     

    

 

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

 

	BORROWER:	APLP HOLDINGS LIMITED PARTNERSHIP
	 	By: Atlantic Power GP II, Inc., its General Partner
	 
	 	By:	/s Terrence Ronan
	 	 	Name: Terrence Ronan
	 	 	Title: Vice President
	 
	SPONSOR:	ATLANTIC POWER CORPORATION
	 
	 	By:	 /s Terrence Ronan
	 	 	Name: Terrence Ronan
	 	 	Title: Chief Financial Officer

 

[Signature Page to Sixth Amendment]

 

    

     

    

 

	 	GOLDMAN SACHS LENDING PARTNERS LLC,
	 	as Administrative Agent
	 	 
	 	By:	/s Douglas Tansey
	 	 	Authorized Signatory

 

[Signature Page to Sixth Amendment]

 

    

     

    

 

ANNEX I TO SIXTH AMENDMENT

 

REVOLVING LENDER CONSENT TO

SIXTH AMENDMENT TO CREDIT AGREEMENT

 

	 	[NAME
    OF REVOLVING LENDER], as a Revolving Lender
	 	 
	 	By	           
	 	Name:
	 	Title:
	 	 
	 	[[For
    Revolving Lenders requiring a second signature block]
	 	 
	 	By	
	 	Name:
	 	Title:]

 

    Annex I

     

    

 

ANNEX II TO SIXTH AMENDMENT

 

FORM OF MASTER ASSIGNMENT AND ASSUMPTION
AGREEMENT

 

This Assignment and
Assumption Agreement (this “Assignment”) is dated as of the Effective Date set forth below and is entered into
by and between each Assignor identified in Section 1 below (each, an “Assignor”) and Goldman Sachs Lending Partners
LLC (the “Assignee”). Capitalized terms used but not defined herein shall have the meanings given to them in
the Credit Agreement identified below (as it may be 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 1 attached hereto are hereby agreed to and incorporated herein by reference
and made a part of this Assignment as if set forth herein in full.

 

For an agreed consideration,
each Assignor hereby irrevocably sells and assigns to the Assignee, and the Assignee hereby irrevocably purchases and assumes from
the applicable Assignor, subject to and in accordance with the Standard Terms and Conditions and the Credit Agreement, as of the
Effective Date inserted by the Administrative Agent as contemplated below, (i) all of the applicable Assignor’s rights and
obligations in its capacity as a Revolving Lender under the Credit Agreement and any other documents or instruments delivered pursuant
thereto to the extent related to the amount and percentage interest of all of the applicable Assignor’s outstanding rights
and obligations under the respective facilities identified opposite such Assignor’s name on Schedule I hereto (including,
without limitation, any letters of credit, guaranties, and swingline loans included in such facilities), and (ii) to the extent
permitted to be assigned under applicable law, all claims, suits, causes of action and any other right of the applicable Assignor
(in its capacity as a Revolving 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, but not limited to, contract claims, tort claims, malpractice claims, statutory
claims and all other claims at law or in equity related to the rights and obligations sold and assigned pursuant to clause (i)
above (the rights and obligations sold and assigned by the applicable Assignor to the Assignee pursuant to clauses (i) and
(ii) above being referred to herein collectively as the “Assigned Interest”). Such sale and assignment
is without recourse to any Assignor and, except as expressly provided in this Assignment, without representation or warranty by
any Assignor.

 

By purchasing the Assigned
Interest, the Assignee agrees that, for purposes of that certain Sixth Amendment to Credit and Guaranty Agreement, dated as of
March 18, 2020 (the “Sixth Amendment”), by and among the Borrower, by its General Partner, the Sponsor and certain
subsidiaries of the Borrower, as Guarantors, the Requisite Revolving Lenders, the Replacement Lender and the Consenting Revolving
Lenders referred to therein and the Administrative Agent, it shall be deemed to have consented and agreed to the Sixth Amendment.

 

    Annex II-1 

     

    

 

	1.	Assignor:	Each person identified on Schedule I hereto
	2.	Assignee:	GOLDMAN SACHS LENDING PARTNERS LLC
	3.	Borrower:	APLP HOLDINGS LIMITED PARTNERSHIP
	4.	Administrative Agent:	GOLDMAN SACHS LENDING PARTNERS LLC, as the administrative agent under the Credit Agreement
	5.	Credit Agreement:	The Credit and Guaranty Agreement, dated as of April 13, 2016, as amended by that certain First Amendment to Credit and Guaranty Agreement, dated as of April 17, 2017, that certain Second Amendment to Credit and Guaranty Agreement, dated as of October 18, 2017, that certain Third Amendment to Credit and Guaranty Agreement, dated as of April 19, 2018, that certain Fourth Amendment to Credit and Guaranty Agreement, dated as of October 31, 2018 and that certain Fifth Amendment to Credit and Guaranty Agreement, dated as of January 31, 2020 (as it may be further amended, restated, extended, supplemented or otherwise modified from time to time; the terms defined therein and not otherwise defined herein being used herein as therein defined), by and among the Borrower, by its General Partner, ATLANTIC POWER GP II INC., ATLANTIC POWER CORPORATION (“Sponsor”) and certain subsidiaries of Borrower, as Guarantors, the Lenders party thereto from time to time, GOLDMAN SACHS BANK USA and BANK OF AMERICA, N.A. (“Bank of America”), as L/C Issuers, GOLDMAN SACHS LENDING PARTNERS LLC (“Goldman Sachs”) and Bank of America, as Joint Syndication Agents, Goldman Sachs as Administrative Agent (together with its permitted successors in such capacity, “Administrative Agent”) and as Collateral Agent (together with its permitted successors in such capacity, “Collateral Agent”), Goldman Sachs, MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED, RBC CAPITAL MARKETS, THE BANK OF TOKYO-MITSUBISHI UFJ, LTD., a member of MUFG, a global financial group,  WELLS FARGO SECURITIES, LLC, and INDUSTRIAL AND COMMERCIAL BANK OF CHINA LIMITED, NEW YORK BRANCH, in their respective capacities as Arrangers and Bookrunners.
	6.	Assigned Interests:	As indicated on Schedule I hereto.

 

Effective Date: March 18, 2020

 

    Annex II-2 

     

    

 

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

 

	 	ASSIGNEE:
	 	 
	 	GOLDMAN SACHS LENDING PARTNERS LLC
	 	 
	 	By:	               
	 	 	Authorized Signatory
	 	 

Consented to and Accepted:

 

GOLDMAN SACHS LENDING PARTNERS LLC, as
Administrative Agent

 

	By:	            	 
	Authorized Signatory	 

 

Consented to:

 

APLP HOLDINGS LIMITED PARTNERSHIP, as Borrower, by its
General Partner, ATLANTIC POWER GP II INC.

 

	By:	            	 
	Authorized Signatory	 

 

    Annex II-3 

     

    

 

ANNEX 1

 

STANDARD TERMS AND CONDITIONS FOR MASTER
ASSIGNMENT

AND ASSUMPTION AGREEMENT

 

		1.	Representations and Warranties.

 

		1.1	Assignor. Each 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, (iii) it has full power and authority, and has taken all action necessary, to execute and deliver this Assignment
and to consummate the transactions contemplated hereby and (iv) it is not a Defaulting Lender; and (b) assumes no responsibility
with respect to (i) any statements, warranties or representations made in or in connection with any Credit Document, (ii) the
execution, legality, validity, enforceability, genuineness, sufficiency or value of the Credit Agreement or any other instrument
or document delivered pursuant thereto, other than this Assignment (herein collectively the “Credit 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 Credit 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 Credit 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 to consummate the transactions contemplated
hereby and to become a Revolving Lender under the Credit Agreement, (ii) it meets all requirements of an Eligible Assignee
under the Credit Agreement, (iii) from and after the Effective Date of the assignment, it shall be bound by the provisions
of the Credit Agreement and, to the extent of the Assigned Interest, shall have the obligations of a Revolving Lender thereunder,
(iv) it is sophisticated with respect to decisions to acquire assets of the type represented by the Assigned Interest and
either it, or the Person exercising discretion in making its decision to acquire the Assigned Interest, is experienced in acquiring
assets of such type, (v) it has received a copy of the Credit Agreement, and has received or has been accorded the opportunity
to receive copies of the most recent financial statements delivered pursuant to Section 5.1 thereof, as applicable, and such
other documents and information as it deems appropriate to make its own credit analysis and decision to enter into this Assignment
and to purchase the Assigned Interest, (vi) it has, independently and without reliance upon Administrative 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 Assignment and to purchase the Assigned Interest, and (vii)  attached to this Assignment is any documentation required
to be delivered by it pursuant to the terms of the Credit Agreement (in particular, as prescribed in Section 2.21(c) thereof),
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 Credit Documents, and (ii) it
will perform in accordance with their terms all of the obligations which by the terms of the Credit Documents are required to be
performed by it as a Revolving Lender.

 

    Annex II-4 

     

    

 

		2.	Payments. All payments with respect to the Assigned Interests shall be made on the Effective
Date as follows:

 

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

 

		3.	General Provisions. This Assignment shall be binding upon, and inure to the benefit of,
the parties hereto and their respective successors and assigns. This Assignment 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 by telecopy
shall be effective as delivery of a manually executed counterpart of this Assignment. THIS ASSIGNMENT SHALL BE GOVERNED BY, AND
CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK WITHOUT REGARD TO CONFLICT OF LAWS PRINCIPLES THEREOF THAT WOULD
RESULT IN THE APPLICATION OF ANY LAW OTHER THAN THE STATE OF NEW YORK.

 

[Remainder of page intentionally
left blank.]

 

    Annex II-5 

     

    

 

SCHEDULE I TO

MASTER ASSIGNMENT AND ASSUMPTION

 

Revolving Commitments/Revolving Loans

 

	Assignor	Aggregate Amount of

 Commitments/Loans

 for all Lenders	Amount of 

Commitment/Loans

 Assigned	Percentage Assigned of

 Commitment/Loans1
	[ l ]	$[ l ]	$[ l ]	[ l ]%
	[ l ]	$[ l ]	$[ l ]	[ l ]%

 

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

 

    Annex II-6 

     

    

 

EXHIBIT A TO SIXTH AMENDMENT

 

APPENDIX A 2

TO CREDIT AND GUARANTY AGREEMENT

 

Revolving Commitments and Letter of
Credit Issuance Commitments

 

	Lender	 	Revolving Commitment	 	 	Letter of

 Credit

 Issuance

 Commitment	 	 	Pro Rata Share 

of Revolving

 Commitment	 
	Goldman Sachs Lending Partners LLC	 	$	30,000,000	 	 	$	0	 	 	 	16.67	%
	Goldman Sachs Bank USA	 	$	0	 	 	$	90,000,000	 	 	$	0	 
	Bank of America, N.A.	 	$	0	 	 	$	90,000,000	 	 	$	0	 
	Bank of America, N.A. (Canada Branch)	 	$	30,000,000	 	 	$	0	 	 	 	16.67	%
	Royal Bank of Canada	 	$	30,000,000	 	 	$	0	 	 	 	16.67	%
	MUFG Union Bank, N.A.	 	$	30,000,000	 	 	$	0	 	 	 	16.67	%
	Wells Fargo Bank, National Association	 	$	30,000,000	 	 	$	0	 	 	 	16.67	%
	Industrial and Commercial Bank of China Ltd., New York Branch	 	$	30,000,000	 	 	$	0	 	 	 	16.67	%
	Total	 	$	180,000,000	 	 	$	180,000,000	 	 	 	100	%

 

    EXHIBIT A-1

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