Document:

Exhibit 10.1 

Execution Version

 

AMENDMENT NO. 2 TO CREDIT AGREEMENT

 

AMENDMENT NO. 2, dated
as of January 20, 2021 (this “Amendment”), to the First Lien Credit Agreement, dated as of November 21,
2017 (as amended by that certain Amendment No. 1 to Credit Agreement, dated as of July 23, 2020 and as further amended,
restated, supplemented or otherwise modified prior to the date hereof, the “Credit Agreement”), among UTZ QUALITY
FOODS, LLC, a Delaware limited liability company (the “Borrower”), UTZ BRANDS HOLDINGS, LLC (f/k/a UM-U INTERMEDIATE,
LLC), a Delaware limited liability company (the “Parent”), Bank of America, N.A., as Administrative Agent and
Collateral Agent and each lender from time to time party thereto. Terms defined in the Credit Agreement and used herein shall have
the meanings given to them in the Credit Agreement unless otherwise defined herein.

 

W I T N E S S E T H:

 

WHEREAS, (a) Section 2.14
and the definition of “Refinancing Term Loans” under the Credit Agreement provides that the Borrower may from time
to time request Incremental Term Loans in the form of Refinancing Term Loans with only the consent of the Additional Lenders and
the Administrative Agent (in addition to the Borrower) and (b) the Borrower hereby requests the issuance of Refinancing Term
Loans (the “2021 Refinancing Term Loans”), the proceeds of which shall be used to refinance, in full (concurrently
with the effectiveness of this Amendment), the Term Loans outstanding on the Second Amendment Effective Date immediately before
giving effect to this Amendment (the “Existing Term Loans”), pursuant to and on the terms set forth herein and
in Section 2.14 and under the definition of “Refinancing Term Loans” in the Credit Agreement;

 

WHEREAS, (a) Section 2.14
of the Credit Agreement provides that the Borrower may from time to time request Incremental Term Loans with only the consent of
the Additional Lenders and the Administrative Agent (in addition to the Borrower) and (b) the Borrower hereby requests the
issuance of Incremental Term Loans (the “2021 Incremental Term Loans” and, together with the 2021 Refinancing
Term Loans, the “2021 New Term Loans”) in the form of an increase to the amount of the Existing Term Loans (as
defined below), pursuant to and on the terms set forth herein and in Section 2.14 of the Credit Agreement;

 

WHEREAS, (a) each
Additional Lender identified on Schedule 1 hereto (each, a “2021 Refinancing Term Lender”) has agreed, on a
several and not joint basis, subject to the terms and conditions set forth herein and in the Credit Agreement, to provide 2021
Refinancing Term Loans in the aggregate principal amount set forth opposite each 2021 Refinancing Term Lender’s name on Schedule
1 hereto (the amount set forth opposite each Lender’s name, such Lender’s “2021 Refinancing Term Commitment”),
and the total amount of 2021 Refinancing Term Loans to be made pursuant to this Amendment shall be $410,000,000 and (b) each
Additional Lender identified on Schedule 2 hereto (each, a “2021 Incremental Term Lender” and, together with
each 2021 Refinancing Term Lender, the “2021 New Term Lenders”) has agreed, on a several and not joint basis,
subject to the terms and conditions set forth herein and in the Credit Agreement, to provide 2021 Incremental Term Loans in the
aggregate principal amount set forth opposite each 2021 Incremental Term Lender’s name on Schedule 2 hereto (the amount set
forth opposite each Lender’s name, such Lender’s “2021 Incremental Term Commitment”), and the total
amount of 2021 Incremental Term Loans to be made pursuant to this Amendment shall be $310,000,000;

 

WHEREAS, each of BofA
Securities, Inc., Goldman Sachs Bank USA and Credit Suisse Loan Funding LLC will act as joint lead arrangers and joint bookrunners
for the 2021 New Term Loans (collectively, the “Lead Arrangers”);

 

    

     

    

 

NOW, THEREFORE, the parties
hereto hereby agree as follows:

 

ARTICLE I

 

Incremental Facility Amendment

 

Section 1.1.         (a) With respect to the 2021 New Term Loans, this Amendment is an Incremental Facility Amendment referred to in Section 2.14(d) of
the Credit Agreement and, solely with respect to the 2021 Incremental Term Loans, is being incurred in reliance on the Incremental
Incurrence Test. The Borrower and the Additional Lenders hereby agree that, subject to the satisfaction of the conditions in Article III
hereof, on the Second Amendment Effective Date (as defined below), the 2021 Refinancing Term Commitment of each 2021 Refinancing
Term Lender and the 2021 Incremental Term Commitment of each 2021 Incremental Term Lender shall become effective. Subject to the
satisfaction of the conditions set forth in Article III hereof, the Incremental Facility Closing Date with respect to this
Amendment shall be the Second Amendment Effective Date.

 

(b)           Except
as otherwise expressly set forth herein and on Exhibit A hereto, the 2021 New Term Loans shall have terms that are identical
to those of the Existing Term Loans (after giving effect to the amendments set forth herein and the Amended Credit Agreement).
The 2021 Incremental Term Loans shall constitute an increase to the 2021 Refinancing Term Loans and the 2021 Refinancing Term Loans
and the 2021 Incremental Term Loans shall have the same terms (after giving effect to the amendments set forth herein and the Amended
Credit Agreement). The Borrower shall pay any fees or other amounts payable to or for the account of the Additional Lenders at
the times and in the manner set forth in the Credit Agreement.

 

(c)           For
the avoidance of doubt, on and after the Second Amendment Effective Date, (i) the 2021 Refinancing Term Loans and the 2021
Incremental Term Loans shall constitute a single Class of Loans or Term Commitments under the Credit Agreement; (ii) each
of the 2021 Refinancing Term Lenders and the 2021 Incremental Term Lenders shall constitute a single Class of Lenders under
the Credit Agreement and (iii) each reference in the Credit Agreement and in each other Loan Document to “Term Loans”
or “Initial Term Loans” shall be deemed a reference to the 2021 New Term Loans, and each reference to “Term Lenders”
or “Initial Term Lenders” shall be deemed a reference to the 2021 New Term Lenders.

 

(d)           On
the Second Amendment Effective Date, (i) each existing Term Lender (immediately prior to giving effect to the transactions
herein) (each, an “Existing Term Lender”) shall have its Existing Term Loans prepaid in full and (ii) the
Borrower shall pay to each Existing Term Lender all accrued and unpaid interest on and fees related to the Existing Term Loans
to, but not including, the Second Amendment Effective Date.

 

(e)           The
Borrower shall use the 2021 Incremental Term Loans to prepay a portion of the loans under the Bridge Credit Agreement (as defined
in the Amended Credit Agreement) and to pay transaction fees and expenses in connection with the foregoing and this Amendment.

 

(f)            On
the Second Amendment Effective Date, the 2021 New Term Lenders constitute all of the Lenders under the Credit Agreement, and each
such Lender hereby agrees and consents to the amendments to the Existing Credit Agreement as set forth in Exhibit A to this
Amendment.

 

(g)           The
2021 Refinancing Term Loans shall constitute Refinancing Term Loans under the Credit Agreement and shall meet all the requirements
of such Refinancing Term Loans under the Credit Agreement.

 

    -2-

     

    

 

ARTICLE II

 

Amendments to the Credit Agreement

 

Section 2.1.          Amendments.
Effective as of the Second Amendment Effective Date (as defined below), in accordance with Section 2.14 of the Credit Agreement
the Credit Agreement is hereby amended to delete the stricken text (indicated textually in the same manner as the following example:
stricken text) and to add the double-underlined text (indicated textually in the
same manner as the following example: double-underlined text)
as set forth in the pages of the Credit Agreement attached as Exhibit A hereto (the Credit Agreement as so amended, the
 “Amended Credit Agreement”). As of the Second Amendment Effective Date, each reference in the Amended Credit
Agreement to “this Agreement,” “hereunder,” “hereof,” “herein,”
or words of like import, and each reference in the other Loan Documents to the “Credit Agreement” (including, without
limitation, by means of words like “thereunder,” “thereof” and words of like import), shall
mean and be a reference to the Amended Credit Agreement, and this Amendment and the Amended Credit Agreement shall be read together
and construed as a single instrument.

 

ARTICLE III

 

Conditions to Effectiveness

 

Section 3.1.          Effective
Date. This Amendment shall become effective on the date (the “Second Amendment Effective Date”) on which:

 

(a)          The
Administrative Agent shall have received:

 

(i)           counterparts
of this Amendment duly executed and delivered by the Borrower, the Parent and, with respect to Section 5.5, the Subsidiary
Guarantors, the Administrative Agent and each Additional Lender;

 

(ii)          a
legal opinion from (i) Kirkland & Ellis LLP, counsel to the Loan Parties; (ii) Cozen O’Connor, Pennsylvania
counsel to the Loan Parties; and (iii) Perkins Coie LLP, Washington counsel to the Loan Parties, in each case, in form and
substance reasonably satisfactory to the Administrative Agent;

 

(iii)         a
Request for Credit Extension in accordance with the requirements of the Credit Agreement;

 

(iv)         such
certificates, copies of, or certifications that there have been no amendments or modifications since the Closing Date to, the Organization
Documents of the Loan Parties, resolutions or other action and incumbency certificates and/or certificates of Responsible Officers
of each Loan Party as the Administrative Agent may reasonably require evidencing the identity, authority and capacity of each Responsible
Officer thereof authorized to act as a Responsible Officer in connection with this Amendment and the other Loan Documents to which
such Loan Party is a party or is to be a party on the date hereof;

 

(v)          a
certificate signed by a Responsible Officer of the Borrower certifying that the conditions set forth in Sections 3.1(b) and
3.1(c) hereto have been satisfied;

 

(vi)         in
connection with the 2021 Refinancing Term Loans, a notice of mandatory prepayment of Term Loans pursuant to Section 2.05(b)(iv) of
the Credit Agreement;

 

    -3-

     

    

 

(vii)        a
certificate signed by a Responsible Officer of the Borrower designating the 2021 Refinancing Term Loans as Refinancing Term Loans;
and

 

(viii)       at
least three Business Days prior to the date hereof, all documentation and other information (x) about the Borrower and the
other Loan Parties party hereto as has been reasonably requested in writing at least five Business Days prior to the date hereof
by the Administrative Agent and/or the Lenders party hereto that they reasonably determine is required by regulatory authorities
under applicable “know your customer” and anti-money laundering rules and regulations, including without limitation
the USA PATRIOT Act and (y) with respect to the Borrower, as required by regulatory authorities under the Beneficial Ownership
Regulation.

 

(b)          The
prepayment of the Existing Term Loans shall have been consummated or, substantially concurrently with the incurrence of the 2021
Refinancing Term Loans, shall be consummated, with all accrued and unpaid interest on, and premiums and fees related to, the Existing
Term Loans to, but not including, the Second Amendment Effective Date.

 

(c)          At
the time of and immediately after giving effect to this Amendment and any 2021 New Term Loans made pursuant thereto on the Second
Amendment Effective Date, no Default exists, or would result from the borrowing of 2021 New Term Loans or from the application
of proceeds therefrom.

 

(d)          The
representations and warranties in Article IV of this Amendment shall be true and correct in all material respects.

 

(e)          All
outstanding indebtedness under the Bridge Credit Agreement (as defined in the Amended Credit Agreement) shall have been paid in
full or, substantially concurrently with the initial borrowing of the 2021 New Term Loans, shall be paid in full.

 

(f)           The
Borrower shall have paid all fees and reasonable out-of-pocket costs and expenses of the Administrative Agent and the Additional
Lenders (including the reasonable expenses of Davis Polk & Wardwell LLP, counsel to the Administrative Agent and the Lead
Arrangers) for which invoices have been presented at least three (3) Business Days prior to the Second Amendment Effective
Date, and any compensation contemplated by the Amended and Restated Term Loan Engagement Letter, dated as of November 30,
2020, among the Borrower, BofA Securities, Inc., Goldman Sachs Bank USA, Credit Suisse AG, Cayman Islands Branch and Credit
Suisse Loan Funding LLC or any other letter agreements or otherwise.

 

Section 3.2.          Notification.
This Amendment constitutes notice to the Administrative Agent as required by Sections 2.14(a) and 2.14(d) of the Credit
Agreement. Promptly following the Second Amendment Effective Date, the Administrative Agent shall notify the Borrower and the Lenders
of the Second Amendment Effective Date.

 

    -4-

     

    

 

ARTICLE IV

 

Representation and Warranties

 

Section 4.1.          The
Loan Parties hereby represent and warrant as of the Second Amendment Effective Date that this Amendment has been, or when executed
and delivered will be, duly executed and delivered by the Loan Parties. The execution, delivery and performance by the Loan Parties
of this Amendment, and the consummation of the transactions herein contemplated, (a) have been duly authorized by all necessary
corporate or other organizational action and (b) do not and will not (i) contravene the terms of the Loan Parties’
Organization Documents, (ii) conflict with or result in any breach or contravention of, or require any payment to be made
under (A) any Contractual Obligation exceeding the Threshold Amount to which such Loan Party is a party or affecting such
Loan Party or the properties of the Borrower or any of its Subsidiaries or (B) any material order, injunction, writ or decree
of any Governmental Authority or any arbitral award to which such Loan Party or its property is subject, (iii) result in the
creation of any Lien (other than under the Loan Documents and Liens subject to the Applicable Intercreditor Agreement) or (iv) violate
any material Law; except (in the case of clauses (b)(ii) and (b)(iv)), to the extent that such conflict, breach, contravention,
payment or violation could not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect.

 

Section 4.2.          No
approval, consent, exemption, authorization, or other action by, or notice to, or filing with, any Governmental Authority or any
other Person is necessary or required in connection with the execution, delivery or performance by, or enforcement against, any
Loan Party of this Amendment, except for (i)  the approvals, consents, exemptions, authorizations, actions, notices and filings
which have been duly obtained, taken, given or made and are in full force and effect and (ii) those approvals, consents, exemptions,
authorizations or other actions, notices or filings, the failure of which to obtain or make could not, individually or in the aggregate,
reasonably be expected to have a Material Adverse Effect.

 

Section 4.3.          This
Amendment and each other Loan Document (as amended hereby, as applicable) have been duly executed and delivered by each Loan Party
that is party hereto or thereto, as applicable. This Amendment and each other Loan Document (as amended hereby, as applicable)
constitutes a legal, valid and binding obligation of each Loan Party, enforceable against each Loan Party that is party hereto
or thereto, as applicable, in accordance with its terms, except as such enforceability may be limited by Debtor Relief Laws and
by general principles of equity.

 

Section 4.4.          Immediately
after giving effect to this Amendment (and the incurrence of the 2021 New Term Loans), the representations and warranties of each
Loan Party set forth in Article V of the Credit Agreement and the Loan Documents are true and correct in all material respects
on and as of the Second Amendment Effective Date; provided that, to the extent that such representations and warranties
specifically refer to an earlier date, they shall be true and correct in all material respects as of such earlier date; provided
further that any representation and warranty that is qualified as to “materiality,” “Material Adverse Effect”
or similar language are true and correct (after giving effect to any qualification therein) in all respects on and as of the Second
Amendment Effective Date or such earlier date, as the case may be.

 

Section 4.5.          At
the time of and immediately after giving effect to this Amendment (and the incurrence of the 2021 New Term Loans), no Default or
Event of Default has occurred and is continuing.

 

Section 4.6.          At
the time of and immediately after giving effect to this Amendment and any 2021 New Term Loans made pursuant hereto on the Second
Amendment Effective Date, the Parent, the Borrower and its Subsidiaries (on a consolidated basis) are Solvent.

 

    -5-

     

    

 

ARTICLE V

 

Miscellaneous

 

Section 5.1.          Counterparts.
This Amendment may be executed in any number of counterparts and by different parties hereto on separate counterparts, each of
which when so executed and delivered shall be deemed to be an original, but all of which when taken together shall constitute a
single instrument. Delivery of an executed counterpart of a signature page of this Amendment by facsimile or other electronic
transmission shall be effective as delivery of a manually executed counterpart hereof. This Amendment may be in the form of an
electronic record and may be executed using electronic signatures (including, without limitation, facsimile and a “pdf”)
and shall be considered an original, and shall have the same legal effect, validity and enforceability as a paper record. This
Amendment may be executed in as many counterparts as necessary or convenient, including both paper and electronic counterparts,
but all such counterparts are one and the same Amendment. For the avoidance of doubt, the authorization under this paragraph may
include, without limitation, use or acceptance by Bank of America of a manually signed paper communication which has been converted
into electronic form (such as scanned into “pdf” format), or an electronically signed communication converted into
another format, for transmission, delivery and/or retention. For the avoidance of doubt, the foregoing also applies to any amendment,
extension or renewal of this Amendment.

 

Section 5.2.          Applicable
Law. THIS AMENDMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES HEREUNDER SHALL BE GOVERNED BY AND CONSTRUED AND INTERPRETED
IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK.

 

Section 5.3.          Waiver
of Right to Trial by Jury. SECTION 10.15 OF THE CREDIT AGREEMENT IS INCORPORATED HEREIN BY REFERENCE, MUTATIS MUTANDIS.

 

Section 5.4.          Headings.
The headings of this Amendment are for purposes of reference only and shall not limit or otherwise affect the meaning hereof.

 

Section 5.5.          Acknowledgement
and Reaffirmation of Guarantors. The Guarantors acknowledge and agree that this Amendment and all documents executed in connection
herewith do not operate to reduce or discharge the Guarantors’ obligations under the Loan Documents. Each Guarantor hereby
ratifies and confirms its obligations under the Loan Documents, including the Collateral and Guarantee Requirement and including,
without limitation, its guarantee of the Obligations (including the 2021 New Term Loans) and its grant of the security interest
in the Collateral (as defined in the Collateral Documents) to secure the Obligations (including the 2021 New Term Loans).

 

Section 5.6.          Costs
and Expenses. Subject to the limitations set forth in Section 10.04 of the Credit Agreement, the Borrower agrees to pay
all reasonable and documented out of pocket costs and expenses of the Administrative Agent in connection with the preparation,
execution and delivery of this Amendment (including, without limitation, the reasonable fees and out of pocket expenses of one
counsel for the Administrative Agent with respect thereto).

 

Section 5.7.          Effect
of Amendment. On and after the Second Amendment Effective Date, each reference to the Credit Agreement in any Loan Document
(including to any Exhibit or Schedule attached thereto) shall be deemed to be a reference to the Credit Agreement as amended
by this Amendment. As of the Second Amendment Effective Date, each reference in the Credit Agreement to “this Agreement,”
 “hereunder,” “hereof,” “herein,” or words of like import, and each reference in the other Loan
Documents to the Credit Agreement (including, without limitation, by means of words like “thereunder,” “thereof”
and words of like import), shall mean and be a reference to the Credit Agreement, as amended by this Amendment, and this Amendment
and the Credit Agreement shall be read together and construed as a single instrument. Each reference to (a) a “Lender”,
 “Lenders”, “Term Lender”, “Initial Term Lender”, “Secured Party” or any similar
term in the Credit Agreement or the other Loan Documents shall be deemed to include the 2021 New Term Lenders and (b) a “Loan”,
 “Loans”, “Term Loans”, “Initial Term Loans” or any similar term in the Credit Agreement or
other Loan Documents shall be deemed to include the 2021 New Term Loans. Except as expressly set forth in this Amendment, nothing
herein shall be deemed to entitle any Loan Party to a consent to, or a waiver, amendment, modification or other change of, any
of the terms, conditions, obligations, covenants or agreements contained in the Credit Agreement as in effect immediately prior
to the Second Amendment Effective Date or any other Loan Document in similar or different circumstances. Except as expressly amended
hereby or specifically waived above, (i) all of the terms and provisions of the Credit Agreement and all other Loan Documents
are and shall remain in full force and effect and are hereby ratified and confirmed, and (ii) nothing contained herein shall
be construed as a substitution or novation of the obligations outstanding under the Credit Agreement or any other Loan Document,
which obligations shall remain in full force and effect, except in each case as amended, restated, replaced and superseded hereby
or by any instruments executed in connection herewith or therewith. Except as provided in Article II of this Amendment, with
respect to the 2021 New Term Loans, this Amendment shall become effective when it is executed by the Parent, the Borrower and,
with respect to Section 5.5, the Subsidiary Guarantors, the Administrative Agent and each 2021 New Term Lender. This Amendment
shall constitute a “Loan Document” for all purposes of the Credit Agreement and the other Loan Documents.

 

[Remainder of this page intentionally
left blank]

 

    -6-

     

    

 

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

 

	 	UTZ QUALITY FOODS, LLC, as the Borrower
	 
	 	By:	
        /s/ Cary Devore

	 	Name:   Cary Devore
	 	Title:     Chief Financial Officer

 

	
        

         
	UTZ BRANDS HOLDINGS,
        LLC (f/k/a UM-U INTERMEDIATE, LLC),

 as the Parent

	 
	 	By:	
        /s/ Cary Devore

	 	Name:   Cary Devore
	 	Title:     Chief Financial Officer

 

[Signature Page to Amendment No. 2
to Credit Agreement]

 

     

     

    

 

And with respect to Section 5.5
of this Amendment,

 

	 	UTZ BRANDS HOLDINGS, LLC (f/k/a UM-U INTERMEDIATE,
LLC),

as a Guarantor
	 	 
	 	By:	/s/ Cary Devore
	 	Name:   Cary Devore
	 	Title:     Chief Financial Officer

 

	 	UTZ QUALITY FOODS, LLC,

as a Guarantor
	 	 
	 	By:	/s/ Cary Devore
	 	Name:   Cary Devore
	 	Title:     Chief Financial Officer

 

	 	UTZTRAN, L.L.C. ,

as a Guarantor
	 	 
	 	By:	/s/ Cary Devore
	 	Name:   Cary Devore
	 	Title:     Chief Financial Officer

 

	 	GH POP HOLDINGS LLC,

as a Guarantor
	 	 
	 	By:	/s/ Cary Devore
	 	Name:   Cary Devore
	 	Title:     Chief Financial Officer

 

	 	GOOD HEALTH NATURAL PRODUCTS, LLC,

as a Guarantor
	 	 
	 	By:	/s/ Cary Devore
	 	Name:   Cary Devore
	 	Title:     Chief Financial Officer

 

[Signature Page to
Amendment No. 2 to Credit Agreement]

 

     

     

    

 

	 	CONDOR SNACK FOODS, LLC,

as a Guarantor
	 	 
	 	By:	/s/ Cary Devore
	 	 	Name:	Cary Devore
	 	 	Title:	Chief Financial Officer

 

	 	SNIKIDDY, LLC,

as a Guarantor
	 	 
	 	By:	/s/ Cary Devore
	 	 	Name:	Cary Devore
	 	 	Title:	Chief Financial Officer

 

	 	SRS LEASING - GRAMERCY GP, LLC,

as a Guarantor
	 	 
	 	By:	/s/ Cary Devore
	 	 	Name:	Cary Devore
	 	 	Title:	Chief Financial Officer

 

	 	SRS LEASING - GRAMERCY, LP,
 as a Guarantor
	 	 
	 	 	By: SRS LEASING - GRAMERCY GP, LLC

	 	 	Its: General Partner
	 	 	 
	 	By:	/s/ Cary Devore
	 	 	Name:	Cary Devore
	 	 	Title:	Chief Financial Officer

 

	 	SRS LEASING II - GITTS RUN GP, LLC,

as a Guarantor
	 	 
	 	By:	/s/ Cary Devore
	 	 	Name:	Cary Devore
	 	 	Title:	Chief Financial Officer

 

[Signature Page to
Amendment No. 2 to Credit Agreement]

 

     

     

    

 

	 	
        SRS LEASING II - GITTS
RUN, LP,

as a Guarantor

	 	 
	 	 	By: SRS Leasing II - Gitts Run GP, LLC
	 	 	Its: General Partner
	 	 
	 	By:	/s/ Cary Devore
	 	 	Name:	Cary Devore
	 	 	Title:	Chief Financial Officer

 

	 	GOLDEN FLAKE SNACK FOODS, INC. ,

as a Guarantor
	 	 
	 	By:	/s/ Cary Devore
	 	 	Name:	Cary Devore
	 	 	Title:	Chief Financial Officer

 

	 	HERON HOLDING CORPORATION,

as a Guarantor
	 	 
	 	By:	/s/ Cary Devore
	 	 	Name:	Cary Devore
	 	 	Title:	Chief Financial Officer

 

	 	INVENTURE - GA, INC.,

as a Guarantor
	 	 
	 	By:	/s/ Cary Devore
	 	 	Name:	Cary Devore
	 	 	Title:	Chief Financial Officer

 

	 	INVENTURE FOODS, INC.,

as a Guarantor
	 	 
	 	By:	/s/ Cary Devore
	 	 	Name:	Cary Devore
	 	 	Title:	Chief Financial Officer

 

	 	KENNEDY ENDEAVORS, LLC,

as a Guarantor
	 	 
	 	By:	/s/ Cary Devore
	 	 	Name:	Cary Devore
	 	 	Title:	Chief Financial Officer

 

[Signature
Page to Amendment No. 2 to Credit Agreement]

 

     

     

    

 

	 	LA COMETA PROPERTIES, INC.,

as a Guarantor
	 	 
	 	By:	/s/ Cary Devore
	 	 	Name:	Cary Devore
	 	 	Title:	Chief Financial Officer

 

	 	TEJAS PB DISTRIBUTING, INC.,

as a Guarantor
	 	 
	 	By:	/s/ Cary Devore
	 	 	Name:	Cary Devore
	 	 	Title:	Chief Financial Officer

 

	 	KITCHEN COOKED, INC.,

as a Guarantor
	 	 
	 	By:	/s/ Cary Devore
	 	 	Name:	Cary Devore
	 	 	Title:	Chief Financial Officer

 

	 	FLAMINGO HOLDINGS, LLC,

as a Guarantor
	 	 
	 	By:	/s/ Cary Devore
	 	 	Name:	Cary Devore
	 	 	Title:	Chief Financial Officer

 

	 	TRUCO HOLDCO INC.,

as a Guarantor
	 	 
	 	By:	/s/ Cary Devore
	 	 	Name:	Cary Devore
	 	 	Title:	Chief Financial Officer

 

	 	MERIDIAN DISTRIBUTION COMPANY,

as a Guarantor
	 	 
	 	By:	/s/ Cary Devore
	 	 	Name:	Cary Devore
	 	 	Title:	Chief Financial Officer

 

[Signature
Page to Amendment No. 2 to Credit Agreement]

 

     

     

    

 

	 	MERIDIAN BRANDS, INC.,

as a Guarantor
	 	 
	 	By:	/s/ Cary Devore
	 	 	Name:	Cary Devore
	 	 	Title:	Chief Financial Officer

 

	 	TRUCO GP, INC.,

as a Guarantor
	 	 
	 	By:	/s/ Cary Devore
	 	 	Name:	Cary Devore
	 	 	Title:	Chief Financial Officer

 

	 	TRUCO ENTERPRISES, LP,

as a Guarantor
	 	 
	 	By:	/s/ Cary Devore
	 	 	Name:	Cary Devore
	 	 	Title:	Chief Financial Officer

 

[Signature
Page to Amendment No. 2 to Credit Agreement]

 

     

     

    

 

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

 

[Signature
Page to Amendment No. 2 to Credit Agreement]

 

     

     

    

 

	 	BANK OF AMERICA, N.A.,
	 	as 2021 Refinancing Term Lender and 2021 Incremental Term Lender
	 	 
	 	By:	 /s/ Aashish Dhakad
	 	 	Name: Aashish Dhakad
	 	 	Title: Managing Director

 

[Signature
Page to Amendment No. 2 to Credit Agreement]

 

     

     

    

 

Schedule 1

 

2021 Refinancing Term Commitments

 

	Additional Lender	 	Percentage	 	 	2021 Refinancing Term Commitment	 
	Bank of America, N.A	 	 	100	%	 	$	410,000,000	 
	Total	 	 	100	%	 	$	410,000,000	 

 

     

     

    

 

Schedule 2

 

2021 Incremental Term Commitments

 

	Additional Lender	 	Percentage	 	 	2021 Incremental Term Commitment	 
	Bank of America, N.A	 	 	100	%	 	$	310,000,000	 
	Total	 	 	100	%	 	$	310,000,000	 

 

 

     

     

    

 

EXHIBIT A

     

     

    

 

 

Execution Version

 

Published Deal CUSIP ::                
91809EAA9

Term Loan – 1st Lien CUSIP: 91809EAB7E1

 

FIRST LIEN TERM LOAN CREDIT AGREEMENT

 

Dated as of November 21, 2017

 

as amended by Amendment No. 1 to Credit
Agreement dated as of July 23, 2020

and
as amended by Amendment No. 2 to Credit Agreement dated as of January 20, 2021

 

among

 

UTZ
QUALITY FOODS, LLC,

as the Borrower,

 

UTZ BRANDS HOLDINGS, LLC (f/k/a/ UM-U INTERMEDIATE,
LLC),

UM-R INTERMEDIATE, LLC and

SRS LEASING, LLC,

each as a Parent,

 

bank
of america, n.a.,

as Administrative Agent and Collateral Agent,

 

THE LENDERS PARTY HERETO,

 

BANK
OF AMERICA, N.A., 

GOLDMAN
SACHS BANK USA,

MANUFACTURERS
AND TRADERS TRUST COMPANY and

PNC
CAPITAL MARKETS LLC,

 

as Joint Lead Arrangers and Joint Bookrunners

 

     

     

    

 

Table of Contents

 

Page

 

ARTICLE I

 

Definitions and Accounting Terms

 

	Section 1.01 	Defined Terms	2
	Section 1.02   	Other Interpretive Provisions	58
	Section 1.03   	Accounting Terms	58
	Section 1.04 	Rounding	59
	Section 1.05   	References to Agreements, Laws, Etc.	59
	Section 1.06  	Times of Day	59
	Section 1.07  	Timing of Payment or Performance	59
	Section 1.08  	Currency Equivalents Generally	60
	Section 1.09  	Certain Calculations and Tests	60
	Section 1.10  	LIBOR DiscontinuationInability
to Determine Rates	61
	 	 	 
	 	ARTICLE II 	 
	 	 	 
	The Term Commitments and Credit Extensions
	 
	Section 2.01  	The Term Borrowings	64
	Section 2.02 	Borrowings, Conversions and Continuations of Loans	65
	Section 2.03  	[Reserved]	63
	Section 2.04   	[Reserved]	63
	Section 2.05  	Prepayments	63
	Section 2.06  	Termination or Reduction of Term Commitments	74
	Section 2.07  	Repayment of Loans	74
	Section 2.08  	Interest	74
	Section 2.09  	Fees	75
	Section 2.10 	Computation of Interest and Fees	75
	Section 2.11 	Evidence of Indebtedness	75
	Section 2.12 	Payments Generally	75
	Section 2.13   	Sharing of Payments	77
	Section 2.14 	Incremental Credit Extensions	78
	Section 2.15   	Extensions of Term Loans.	80
	Section 2.16  	Defaulting Lenders	82
	Section 2.17  	Permitted Debt Exchanges	82
	 	 	 
	ARTICLE III 
	 
	Taxes, Increased Costs Protection and Illegality
	 
	Section 3.01   	Taxes	85
	Section 3.02 	Inability to Determine Rates	88
	Section 3.03  	Increased Cost and Reduced Return; Capital Adequacy; Reserves on Eurocurrency Rate Loans	88
	Section 3.04   	Funding Losses	90
	Section 3.05  	Matters Applicable to All Requests for Compensation	90

 

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Page

 

	Section 3.06   	Replacement of Lenders under Certain Circumstances	91
	Section 3.07  	Illegality	92
	Section 3.08  	Survival	92
	 
	ARTICLE IV 
	 
	Conditions Precedent to Credit Extensions
	 
	Section 4.01  	Conditions to Closing Date	93
	Section 4.02   	Conditions to Subsequent Credit Extensions	94
	 
	ARTICLE V
	 
	 Representations and Warranties
	 
	Section 5.01   	Existence, Qualification and Power; Compliance with Laws	95
	Section 5.02  	Authorization; No Contravention	95
	Section 5.03   	Governmental Authorization; Other Consents	96
	Section 5.04  	Binding Effect	96
	Section 5.05  	Financial Statements; No Material Adverse Effect	96
	Section 5.06   	Litigation	96
	Section 5.07  	Ownership of Property; Liens	96
	Section 5.08 	Environmental Matters	97
	Section 5.09   	Taxes	97
	Section 5.10 	Compliance with ERISA	97
	Section 5.11  	Subsidiaries; Equity Interests	98
	Section 5.12  	Margin Regulations; Investment Company Act	98
	Section 5.13   	Disclosure	98
	Section 5.14  	Intellectual Property; Licenses, Etc.	98
	Section 5.15   	Solvency	99
	Section 5.16  	Collateral Documents	99
	Section 5.17   	Use of Proceeds	99
	Section 5.18   	Sanctions Laws and Regulations and Anti-Corruption Laws	99
	 
	ARTICLE VI 
	 
	Affirmative Covenants
	 
	Section 6.01   	Financial Statements	100
	Section 6.02  	Certificates; Other Information	101
	Section 6.03 	Notices	102
	Section 6.04 	Maintenance of Existence	103
	Section 6.05 	Maintenance of Properties	103
	Section 6.06  	Maintenance of Insurance	103
	Section 6.07  	Compliance with Laws	103
	Section 6.08  	Books and Records	103
	Section 6.09  	Inspection Rights	103
	Section 6.10  	Covenant to Guarantee Obligations and Give Security	104
	Section 6.11  	Use of Proceeds	105
	Section 6.12   	Further Assurances and Post-Closing Covenants	105
	Section 6.13 	Designation of Subsidiaries	105

 

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Page

 

	Section 6.14  	Payment of Taxes	106
	Section 6.15  	Nature of Business	106
	Section 6.16 	Maintenance of Rating of the Borrower and the Facilities	106
	Section 6.17  	Lender Calls[Reserved]	106
	 
	ARTICLE VII 
	 
	Negative Covenants
	 
	Section 7.01 	Liens	106
	Section 7.02 	Investments	106
	Section 7.03  	Indebtedness	113
	Section 7.04  	Fundamental Changes	118
	Section 7.05  	Dispositions	120
	Section 7.06   	Restricted Payments	122
	Section 7.07  	Transactions with Affiliates	126
	Section 7.08   	Prepayments, Etc., of Indebtedness	127
	Section 7.09  	[Reserved]	127
	Section 7.10  	Negative Pledge and Subsidiary Distributions	129
	Section 7.11 	Change of Fiscal Year	129
	Section 7.12 	Material Real Property	129
	Section 7.13   	Inventure Account[Reserved]	129
	 
	ARTICLE VIII 
	 
	Events of Default and Remedies
	 
	Section 8.01  	Events of Default	129
	Section 8.02   	Remedies Upon Event of Default	131
	Section 8.03 	Exclusion of Immaterial Subsidiaries	132
	Section 8.04   	Application of Funds	132
	 
	ARTICLE IX 
	 
	Administrative Agent and Other Agents
	 
	Section 9.01 	Appointment and Authorization of Agents	133
	Section 9.02  	Delegation of Duties	133
	Section 9.03  	Liability of Agents	134
	Section 9.04  	Reliance by Agents	134
	Section 9.05  	Notice of Default	135
	Section 9.06  	Credit Decision; Disclosure of Information by Agents	135
	Section 9.07  	Indemnification of Agents	135
	Section 9.08  	Agents in their Individual Capacities	136
	Section 9.09  	Successor Agents	136
	Section 9.10   	Administrative Agent May File Proofs of Claim	137
	Section 9.11   	Collateral and Guaranty Matters	138
	Section 9.12  	Other Agents; Arrangers and Managers	139
	Section 9.13  	Appointment of Supplemental Administrative Agents	139
	Section 9.14  	Withholding Tax	140

 

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Page

 

	ARTICLE X 
	 
	Miscellaneous
	 
	Section 10.01	Amendments, Etc.	141
	Section 10.02	Notices and Other Communications; Facsimile Copies	143
	Section 10.03	No Waiver; Cumulative Remedies	145
	Section 10.04	Attorney Costs and Expenses	146
	Section 10.05	Indemnification by the Borrower	146
	Section 10.06	Payments Set Aside	147
	Section 10.07	Successors and Assigns	147
	Section 10.08	Confidentiality	153
	Section 10.09	Setoff	154
	Section 10.10	Counterparts	154
	Section 10.11	Integration	154
	Section 10.12	Survival of Representations and Warranties	154
	Section 10.13	Severability	155
	Section 10.14	GOVERNING LAW, JURISDICTION, SERVICE OF PROCESS	155
	Section 10.15	WAIVER OF RIGHT TO TRIAL BY JURY	155
	Section 10.16	Binding Effect	156
	Section 10.17	Judgment Currency	156
	Section 10.18	Lender Action	156
	Section 10.19	Know-Your-Customer, Etc	156
	Section 10.20	USA PATRIOT Act	156
	Section 10.21	Applicable Intercreditor Agreements	157
	Section 10.22	Obligations Absolute	157
	Section 10.23	No Advisory or Fiduciary Responsibility	158
	Section 10.24	Electronic Execution of Assignments and Certain Other Documents	158
	Section 10.25	Acknowledgement and Consent to Bail-In of Affected Financial Institutions	158
	Section 10.26	Lender Representation	159
	Section 10.27	Acknowledgement Regarding Any Supported QFCs	160

 

SCHEDULES

 

	1.01A	—	Certain Security Interests and Guarantees
	1.01B	—	Unrestricted Subsidiaries
	1.01C	—	Excluded Subsidiaries
	1.01D	—	Guarantors
	1.01E	—	Material Real Property
	2.01	—	Term Commitments
	5.06	—	Litigation
	5.11	—	Subsidiaries and Other Equity Investments
	6.12	—	Post-Closing Covenants
	7.01(b)	—	Existing Liens
	7.02	—	Existing Investments
	7.03(c)	—	Surviving Indebtedness
	7.07	—	Transactions with Affiliates
	10.02	—	Administrative Agent’s Office; Certain Addresses for Notices

 

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EXHIBITS

 

Form of

 

	A	—	Committed Loan Notice
	B	—	[Reserved]
	C	—	Term Note
	D	—	Compliance Certificate
	E	—	Assignment and Assumption
	F	—	Guaranty
	G-1	—	ABL Intercreditor Agreement
	G-2	—	Term Intercreditor Agreement
	H	—	Security Agreement
	I	—	Discounted Prepayment Option Notice
	J	—	Lender Participation Notice
	K	—	Discounted Voluntary Prepayment Notice
	L	—	United States Tax Compliance Certificate

 

    -v-

     

    

 

FIRST LIEN TERM LOAN CREDIT AGREEMENT

 

This FIRST LIEN TERM
LOAN CREDIT AGREEMENT (this “Agreement”) is entered into as of November 21, 2017, among UTZ QUALITY FOODS, LLC,
a Delaware limited liability company (the “Borrower”), UM-U INTERMEDIATE, LLC, a Delaware limited liability
company (“UM-U Parent”), UM-R INTERMEDIATE, LLC, a Delaware limited liability company (“UM-R Parent”),
SRS LEASING, LLC, a Delaware limited liability company (“SRS Leasing Parent”, and together with UM-U Parent and UM-R
Parent, the “Parents”) and Bank of America, N.A. (“Bank
of America”), as Administrative Agent and Collateral Agent, and each lender from time to time party hereto (the “Lenders”).

 

PRELIMINARY STATEMENTS

 

1.       The
Borrower and the Parents are party to that certain amended and restated credit agreement, dated as of January 20, 2017, by and
among the Borrower, each Parent, the financial institutions party thereto as lenders, Manufacturers and Traders Trust Company (“M&T”)
as the issuing bank, a lender, the swingline lender and the administrative agent, M&T, Bank of America and PNC Capital Markets
LLC as joint lead arrangers and CoBank, ACB, JPMorgan Chase Bank, N.A. and Cooperatieve Rabobank U.A., New York Branch as co-documentation
agents (as amended, restated, supplemented or otherwise modified prior to the date hereofClosing
Date, the “Existing Credit Agreement”).

 

2.       The
Borrower has requested that,
on the Closing Date, the Lenders make available to them the Initial Term Commitments and Initial Term Loans, on the
terms and conditions set forth herein, the proceeds of which will be used for the purposes set forth in Section 6.11.

 

3.       Concurrently
herewith, the Borrower is entering into (i) the Second Lien Credit Agreement to incur second lien term loans, subject to the terms
of the Term Intercreditor Agreement, the proceeds of which shall be deposited into a deposit account (the “Inventure
Account”), which upon entry into a deposit account control agreement, shall be a controlled deposit
account for the benefit of the Second Lien Lenders, and shall, on the Inventure Acquisition Closing Date, be released to fund the
Inventure Acquisition and (ii) the ABL Credit Agreement to provide a revolving credit facility for working capital needs, subject
to the terms of the ABL Intercreditor AgreementThe
Borrower has requested that, on the Second Amendment Effective Date, (a) the Additional Lenders party to Amendment No. 2 make (i)
2021 Refinancing Term Loans in an aggregate principal amount of $410,000,000, the proceeds of which shall be used to refinance
in full, the Term Loans outstanding on the Second Amendment Effective Date immediately before giving effect to Amendment No. 2
and (ii) 2021 Incremental Term Loans in an aggregate principal amount of $310,000,000, the proceeds of which shall be used to prepay
a portion of the loans outstanding under the Bridge Credit Agreement and to pay transaction fees and expenses in connection with
the foregoing and Amendment No. 2 and (b) this Agreement be amended as set forth in Amendment No. 2, in each case, pursuant to
Amendment No. 2.

 

4.       The
proceeds of the Initial Term Loans together with the proceeds of the loans under the ABL Credit Agreement in an amount not in excess
of $20.0 million, the proceeds of the loans under the Second Lien Credit Agreement and cash on hand of the Parent, the Borrower
and the Restricted Subsidiaries, will be used to (a) consummate the Refinancing, (b) finance the Transaction Expenses, (c) to fund
the Inventure Acquisition and (d) pay the Closing Date Restricted Payment.

 

The applicable Lenders
have indicated their willingness to lend on the terms and subject to the conditions set forth herein.

 

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

 

     

     

    

 

ARTICLE
I

 

Definitions and Accounting Terms

 

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

 

“2021
Incremental Term Commitment” means, as to each Additional Lender, the obligation of such Additional Lender to make an Incremental
Term Loan to the Borrower on the Second Amendment Effective Date, in the aggregate principal amount set forth on Schedule 2 to
Amendment No. 2.

 

“2021
Incremental Term Loans” shall mean the Incremental Term Loans provided to the Borrower on the Second Amendment Effective
Date pursuant to Section 2.14 and Amendment No. 2.

 

“2021
New Term Lender” means, at any time, each Lender holding a 2021 New Term Loan at such time.

 

“2021
New Term Loans” means, the 2021 Refinancing Term Loans and the 2021 Incremental Term Loans.

 

“2021
Refinancing Term Commitment” means, as to each Additional Lender, the obligation of such Additional Lender to make a Refinancing
Term Loan to the Borrower on the Second Amendment Effective Date, in the aggregate principal amount set forth on Schedule 1 to
Amendment No. 2.

 

“2021
Refinancing Term Loans” shall mean the Refinancing Term Loans provided to the Borrower on the Second Amendment Effective
Date pursuant to Section 2.14, the definition of “Refinancing Term Loans” hereunder and Amendment No. 2.

 

“ABL Credit
Agreement” means the ABL Credit Agreement dated as of the Closing Date among each Parent, the Borrower (as administrative
borrower), Golden Flake Snack Foods, Inc (as co-borrower), each additional borrower from time to time party thereto, the ABL Facility
Administrative Agent and the several banks and other financial institutions from time to time parties thereto, as such agreement
may be amended, supplemented, waived or otherwise modified from time to time, in each case to the extent permitted hereunder, and
any Permitted Refinancing thereof (unless such agreement, instrument or document expressly provides that it is not intended to
be and is not an ABL Credit Agreement), in each case to the extent permitted hereunder.

 

“ABL Facility”
means the collective reference to the ABL Credit Agreement, any Loan Documents (as defined therein), any notes and letters of credit
issued pursuant thereto and any guarantee, security agreement, patent, trademark or copyright security agreements, letter of credit
applications and other guarantees, pledge agreements, security agreements and collateral documents, and other instruments and documents,
executed and delivered pursuant to or in connection with any of the foregoing, in each case as the same may be amended, supplemented,
waived or otherwise modified from time to time, or refunded, refinanced, restructured, replaced, renewed, repaid, increased or
extended from time to time, in each case to the extent permitted hereunder and any Permitted Refinancing thereof (unless such agreement,
instrument or document expressly provides that it is not intended to be and is not an ABL Facility).

 

    -2-

     

    

 

“ABL Facility
Administrative Agent” means Bank of America, N.A. in its capacity as administrative agent under the ABL Credit Agreement
or any successor agent under the ABL Loan Documents.

 

“ABL Intercreditor
Agreement” means the ABL Intercreditor Agreement substantially in the form of Exhibit G-1 among the Collateral
Agent, Bank of America, N.A., as collateral agent under the Second Lien Credit Agreement,
Bank of America, N.A., as collateral agent under the ABL Credit Agreement and the representatives for purposes thereof for holders
of one or more other classes of Indebtedness, the Borrower and the other parties thereto, as amended, restated, supplemented or
otherwise modified from time to time in accordance with the requirements thereof and of this Agreement, and which shall also include
any replacement intercreditor agreement entered into in accordance with the terms hereof.

 

“ABL Lenders”
means “Lenders” under the ABL Credit Agreement.

 

“ABL Loan Documents”
means, collectively, (i) the ABL Credit Agreement and (ii) the security documents, intercreditor agreements (including the ABL
Intercreditor Agreement), guarantees, joinders and other agreements or instruments executed in connection with the ABL Facility
or such other agreements, in each case, as amended, modified, supplemented, substituted, replaced, restated or refinanced, in whole
or in part, from time to time including in connection with a Permitted Refinancing of the ABL Facility.

 

“ABL Obligations”
means “Obligation” as defined in the ABL Facility as in effect on the Closing Date.

 

“ABL Priority
Collateral” has the meaning set forth in the ABL Intercreditor Agreement.

 

“Acceptable
Discount” has the meaning specified in Section 2.05(d)(iii).

 

“Acceptance
Date” has the meaning specified in Section 2.05(d)(ii).

 

“Accounting
Changes” has the meaning specified in Section 1.03(d).

 

“Acquired EBITDA”
means, with respect to any Acquired Entity or Business or any Converted Restricted Subsidiary for any period, the amount for such
period of Consolidated EBITDA of such Acquired Entity or Business or Converted Restricted Subsidiary, as applicable, all as determined
on a consolidated basis for such Acquired Entity or Business or Converted Restricted Subsidiary, as applicable.

 

“Acquired Entity
or Business” has the meaning specified in the definition of the term “Consolidated EBITDA.”

 

“Additional
Lender” has the meaning specified in Section 2.14(d).

 

“Administrative
Agent” means, subject to Section 9.13, Bank of America in its capacity as administrative agent under the
Loan Documents, or any successor administrative agent appointed in accordance with Section 9.09.

 

“Administrative
Agent’s Office” means the Administrative Agent’s address and, as appropriate, account as set forth on Schedule
10.02, or such other address or account as the Administrative Agent may from time to time notify the Borrower
and the Lenders.

 

    -3-

     

    

 

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

 

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

 

“Affiliate”
means, with respect to any Person, another Person that directly, or indirectly through one or more intermediaries, Controls or
is Controlled by or is under common Control with the Person specified. “Control” means the possession, directly
or indirectly, of the power to direct or cause the direction of the management or policies of a Person, whether through the ability
to exercise voting power, by contract or otherwise. “Controlling” and “Controlled” have meanings
correlative thereto.

 

“Affiliated
Debt Fund” means an Affiliated Lender that is primarily engaged in, or advises funds or other investment vehicles that
are engaged in, making, purchasing, holding or otherwise investing in commercial loans, bonds and similar extensions of credit
in the ordinary course of business and with respect to which a Permitted Holder does not, directly or indirectly, possess the power
to direct or cause the direction of the investment policies of such entity.

 

“Affiliated
Lender” means the Permitted Holders, the Borrower and any Affiliates thereof (including Affiliated Debt Funds but excluding,
in each case, any natural person).

 

“After
Year-End PaymentTransaction”
has the meaning specified in Section 2.05(b).

 

“Agent Fee Letter”
means the Fee Letter dated October 25, 2017, by and among the Borrower, Bank of America and Merrill Lynch, Pierce, Fenner &
Smith Incorporated, and as otherwise amended, supplemented or modified from time to time.

 

“Agent Parties”
has the meaning specified in Section 10.02(c).

 

“Agent-Related
Persons” means the Agents, together with their respective Affiliates, and the officers, directors, employees, agents
and attorneys-in-fact of such Persons and Affiliates.

 

“Agents”
means, collectively, the Administrative Agent, the Collateral Agent, and the Supplemental Administrative Agents (if any).

 

“Aggregate Commitments”
means the Term Commitments of all the Lenders.

 

“Agreement”
has the meaning specified in the introductory paragraph hereof.

 

“Agreement
Currency” has the meaning specified in Section 10.17.

 

“Amendment
No. 2” means that certain amendment to this Agreement, dated as of the Second Amendment Effective Date, by and among the
Borrower, the Parent, the other Loan Parties party thereto, Bank of America, N.A., as Administrative Agent and each Additional
Lender and any other Lender party thereto.

 

“Applicable
Discount” has the meaning specified in Section 2.05(d)(iii).

 

    -4-

     

    

 

“Applicable
Intercreditor Agreement” means (a) to the extent executed in connection with any incurrence of Indebtedness secured by
Liens on the Collateral that (i) are intended to rank equal in priority to the Liens on the ABL Priority Collateral securing the
ABL Obligations and (ii) are intended to rank junior in priority to the Liens on the Term Priority Collateral securing the Obligations,
the ABL Intercreditor Agreement, (b) to the extent executed in connection with any incurrence of Indebtedness secured by Liens
on the Collateral that are intended to rank equal in priority to the Liens on the Collateral securing the Obligations (but without
regard to control of remedies), each of the ABL Intercreditor Agreement and the Term Intercreditor Agreement, (c) to the extent
executed in connection with the incurrence of Indebtedness secured by Liens on the Collateral which are intended to rank equal
in priority to the Liens on the Collateral securing the Junior Priority Debt Obligations (as defined in the Term Intercreditor
Agreement), the Term Intercreditor Agreement and the ABL Intercreditor Agreement and (d) to the extent executed in connection with
any incurrence of Indebtedness secured by Liens on the Collateral that are intended to rank junior in priority to the Liens securing
the Obligations and the Junior Priority Debt Obligations, a customary intercreditor agreement in form and substance reasonably
acceptable to the Administrative Agent and the Borrower, which agreement shall provide that the Liens on the Collateral securing
such Indebtedness shall rank junior to the Liens on the Collateral securing the Obligations and the Junior Priority Debt Obligations
(as defined in the Term Intercreditor Agreement).

 

“Applicable
Lending Office” means for any Lender, such Lender’s office, branch or affiliate designated for Eurocurrency Rate
Loans or Base Rate Loans, as applicable, as notified to the Administrative Agent, any of which offices may be changed by such Lender.

 

“Applicable
Percentage” means, at any time (a) with respect to any Lender with a Term Commitment of any Class, the percentage (carried
out to the 9th decimal place) equal to a fraction the numerator of which is the amount of such Lender’s Term Commitment
of such Class at such time and the denominator of which is the aggregate amount of all Term Commitments of such Class of all Lenders
and (b) with respect to the Loans of any Class, a percentage (carried out to the 9th decimal place) equal to a fraction
the numerator of which is such Lender’s Outstanding Amount of the Loans of such Class and the denominator of which is the
aggregate Outstanding Amount of all Loans of such Class.

 

“Applicable
Rate” means a percentage per annum equal to, (A) for Eurocurrency Rate Loans that are Initial Term Loans, 3.5000%
and (B) for Base Rate Loans that are Initial Term Loans, 2.5000%.

 

“Appropriate
Lender” means, at any time, with respect to Loans of any Class, the Lenders of such Class.

 

“Approved Foreign
Bank” has the meaning specified in the definition of “Cash Equivalents.”

 

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

 

“Asset
Percentage” has the meaning specified in Section 2.05(b)(ii).

 

“Assignees”
has the meaning specified in Section 10.07(b).

 

“Assignment
and Assumption” means (a) an Assignment and Assumption substantially in the form of Exhibit E and (b) in the case
of any assignment of Term Loans in connection with a Permitted Debt Exchange conducted in accordance with Section 2.17,
such form of assignment (if any) as may have been requested by the Administrative Agent in accordance with Section 2.17(a)(viii)
or, in each case, any other form (including electronic documentation generated by an electronic platform) approved by the Administrative
Agent.

 

    -5-

     

    

 

“Attorney Costs”
means and includes all reasonable fees, expenses and disbursements of any law firm or other external legal counsel.

 

“Attributable
Indebtedness” means, on any date, in respect of any Capitalized Lease of any Person, the capitalized amount thereof that
would appear on a balance sheet of such Person prepared as of such date in accordance with GAAP.

 

“Audited Financial
Statements” means (i) the audited Consolidated balance sheet of the Parents and their respective Subsidiaries for the
fiscal years ended on the Sunday closest to December 31, 2016 and the Sunday closest to December 31, 2015 and (ii) the related
audited Consolidated statement of income, cash flows and changes in retained earnings for such fiscal year.

 

“Available Amount”
means, at any time (the “Available Amount Reference Time”), an amount (which shall not be less than zero) equal
to the sum of:

 

(a)       $15the
greater of (i) $50,000,000 and (ii) 25% of Consolidated
EBITDA; plus

 

(b)       the
excess of (i) Excess Cash Flow minus (ii) the Excess Cash Flow Prepayment Amount (without giving effect to clause (B) of
Section 2.5(b)(i)), in each case, for each fiscal year of the Parents (commencing with the first full fiscal year following the
Closing Date) that has ended prior to the Available Amount Reference Time; plus

 

(c)       the
amount of any capital contributions (including mergers or consolidations that have a similar effect) or Net Cash Proceeds from
any Permitted Equity Issuance (or issuance of debt securities by any Parent, the Borrower or any of the Restricted Subsidiaries
that have been converted into or exchanged for Qualified Equity Interests of any Parent or any direct or indirect parent thereof),
in each case during the period from the Business Day immediately following the Closing Date through and including the Available
Amount Reference Time (other than any Excluded Contribution Amount, or any other capital contributions (including mergers or consolidations
that have a similar effect) or equity or debt issuances to the extent utilized in connection with other transactions permitted
pursuant to Section 7.02, 7.03, 7.06 or 7.08) received or made by any Parent (or any direct
or indirect parent thereof and contributed by such parent to such Parent) during the period from and including the Business Day
immediately following the Closing Date through and including the Available Amount Reference Time; plus

 

(d)       the
aggregate amount of Retained Declined Proceeds during the period from the Business Day immediately following the Closing Date through
and including the Available Amount Reference Time; plus

 

(e)       to
the extent not (i) already included in the calculation of Consolidated Net Income of the Parents, the Borrower and the Restricted
Subsidiaries or (ii) already reflected as a return of capital or deemed reduction in the amount of such Investment pursuant to
clause (g) below or any other provision of Section 7.02, the aggregate amount of all cash dividends and other
cash distributions received by any Parent, the Borrower or any Restricted Subsidiary from any JV Entity or Unrestricted Subsidiaries
during the period from the Business Day immediately following the Closing Date through and including the Available Amount Reference
Time; plus

 

    -6-

     

    

 

(f)       to
the extent not (i) already included in the calculation of Consolidated Net Income of the Parents, the Borrower and the Restricted
Subsidiaries, (ii) already reflected as a return of capital or deemed reduction in the amount of such Investment pursuant to clause
(g) below or any other provision of Section 7.02, or (iii) used to prepay Term Loans in accordance with Section
2.05(b)(ii), the aggregate amount of all Net Cash Proceeds received by any Parent, the Borrower or any Restricted Subsidiary
in connection with the sale, transfer or other disposition of its ownership interest in any JV Entity or Unrestricted Subsidiary
during the period from the Business Day immediately following the Closing Date through and including the Available Amount Reference
Time; minus

 

(g)       the
aggregate amount of (i) any Investments made pursuant to Section 7.02(n) (net of any return of capital in respect
of such Investment or deemed reduction in the amount of such Investment, including, without limitation, upon the redesignation
of any Unrestricted Subsidiary as a Restricted Subsidiary or the sale, transfer, lease or other disposition of any such Investment),
(ii) any Restricted Payment made pursuant to Section 7.06(k) and (iii) any payments made pursuant to Section 7.08(a)(iii)(B),
in each case, during the period commencing on the Closing Date through and including the Available Amount Reference Time (and,
for purposes of this clause (g), without taking account of the intended usage of the Available Amount at such Available
Amount Reference Time).

 

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

 

“Bail-In Legislation”
means, (a) with respect to any EEA Member Country implementing Article 55 of Directive 2014/59/EU of the European Parliament and
of the Council of the European Union, the implementing law, rule, regulation or requirement for such EEA Member Country from time
to time which is described in the EU Bail-In Legislation Schedule, and (b) with respect to the United Kingdom, Part I of the United
Kingdom Banking Act 2009 (as amended from time to time) and any other law, regulation or rule applicable in the United Kingdom
relating to the resolution of unsound or failing banks, investment firms or other financial institutions or their affiliates (other
than through liquidation, administration or other insolvency proceedings).

 

“Bank of America”
has the meaning specified in the introductory paragraph to this Agreement.

 

“Bankruptcy
Code” means Title 11 of the United State Code, as amended, or any similar federal or state law for the relief of debtors.

 

“Bankruptcy
Event” means, with respect to any Person, such Person or its parent entity becomes (other
than via an Undisclosed Administration) the subject of a bankruptcy or insolvency proceeding, or has had a receiver, conservator,
trustee, administrator, custodian, assignee for the benefit of creditors or similar Person charged with the reorganization or liquidation
of its business appointed for it, or, in the good faith determination of the Administrative Agent, has taken any action in furtherance
of, or indicating its consent to, approval of, or acquiescence in, any such proceeding or appointment; provided that a Bankruptcy
Event shall not result solely by virtue of any ownership interest, or the acquisition of any ownership interest, in such Person
by a Governmental Authority or instrumentality thereof; provided, further, that such ownership interest does not
result in or provide such Person with immunity from the jurisdiction of courts within the United States or from the enforcement
of judgments or writs of attachment on its assets or permit such Person (or such Governmental Authority or instrumentality) to
reject, repudiate, disavow or disaffirm any contracts or agreements made by such Person or its parent entity.

 

“Base Rate”
means, for any day, a fluctuating rate per annum equal to the greatest of: (a) the Federal Funds Rate in effect on such date plus
1/2 of 1.00%, (b) the rate of interest in effect for such day as publicly announced from time to time by Bank of America as its
 “prime rate,” (c) the Eurocurrency Rate plus 1.00%, and (d) in respect of Term Loans, 0.00% per annum. The “prime
rate” is a rate set by Bank of America based upon various factors including Bank of America’s costs and desired return,
general economic conditions and other factors, and is used as a reference point for pricing some loans, which may be priced at,
above, or below such announced rate.

 

    -7-

     

    

 

“Base Rate Loan”
means a Loan that bears interest at a rate based on the Base Rate.

 

“Basel
III” means, collectively, those certain agreements on capital requirements, leverage ratios and liquidity standards
contained in “Basel III: A Global Regulatory Framework for More Resilient Banks and Banking Systems,” “Basel
III: International Framework for Liquidity Risk Measurement, Standards and Monitoring,” and “Guidance for National
Authorities Operating the Countercyclical Capital Buffer,” each as published by the Basel Committee on Banking Supervision
in December 2010 (as revised from time to time).

 

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

 

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

 

“Benefit Plan”
means any of (a) an “employee benefit plan” (as defined in ERISA) that is subject to Title I of ERISA, (b) a “plan”
as defined in and subject to Section 4975 of the Code or (c) any Person whose assets include (for purposes of ERISA Section 3(42)
or otherwise for purposes of Title I of ERISA or Section 4975 of the Code) the assets of any such “employee benefit plan”
or “plan”.

 

“Borrower”
has the meaning specified in the introductory paragraph to this Agreement.

 

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

 

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

 

“Bridge
Credit Agreement” means Bridge Credit Agreement dated as of December 14, 2020 among the Borrower, Utz Brands Holdings, LLC
(f/k/a UM-U Intermediate, LLC), Bank of America, N.A., as Administrative Agent and Collateral Agent and the lenders from time to
time party thereto, as such agreement may be amended, supplemented, waived or otherwise modified from time to time.

 

“British Pounds
Sterling” means the lawful currency of Great Britain.

 

“Business Combination
Agreement” means that certain Business Combination Agreement, dated as of June 5, 2020 (as amended, restated, amended
and restated, supplemented or otherwise modified from time to time), by and among Collier Creek Holdings, a Cayman Islands exempted
company as Buyer (as defined therein), Parent, Series U of UM Partners, LLC and Series R of UM Partners, LLC.

 

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

 

“Canadian Dollars”
means the lawful currency of Canada.

 

    -8-

     

    

 

“Capital
Expenditures” means, for any period, the aggregate of, without duplication, (a) all expenditures (whether paid in cash
or accrued as liabilities) by the Parents, the Borrower and the Restricted Subsidiaries during such period that, in conformity
with GAAP, are or are required to be included as additions during such period to property, plant or equipment in a consolidated
statement of cash flows and reflected in the consolidated balance sheet of the Parents, the Borrower and the Restricted
Subsidiaries and (b) Capitalized Lease Obligations incurred by the Parents, the Borrower and the Restricted Subsidiaries during
such period.

 

“Capitalized
Lease Obligation” means, at the time any determination thereof is to be made, the amount of the liability in respect
of a Capitalized Lease that would at such time be required to be capitalized and reflected as a liability on a balance sheet (excluding
the footnotes thereto) prepared in accordance with GAAP.

 

“Capitalized
Leases” means all leases that are required to be, in accordance with GAAP, recorded as capitalized leases; provided
that for all purposes hereunder the amount of obligations under any Capitalized Lease shall be the amount thereof accounted for
as a liability in accordance with GAAP; provided that all obligations of the Parents, the Borrower and the Restricted
Subsidiaries that are or would be characterized as an operating lease as determined in accordance with GAAP as in effect on the
Closing Date (whether or not such operating lease was in effect on such date) shall continue to be accounted for as an operating
lease (and not as a Capitalized Lease) for purposes of this Agreement regardless of any change in GAAP following the Closing Date
that would otherwise require such obligation to be recharacterized as a Capitalized Lease.

 

“Cash
Equivalents” means any of the following types of Investments, to the extent owned by any Parent, the Borrower
or any Restricted Subsidiary:

 

(1)       Dollars;

 

(2)       securities
issued or directly and fully and unconditionally guaranteed or insured by the United States government or any agency or instrumentality
of the foregoing the securities of which are unconditionally guaranteed as a full faith and credit obligation of such government
with maturities of 24 months or less from the date of acquisition;

 

(3)       certificates
of deposit, time deposits and eurodollar time deposits with maturities of one year or less from the date of acquisition, with any
domestic or foreign commercial bank having capital and surplus of not less than $500,000,000 in the case of U.S. banks and $100,000,000
(or the Dollar equivalent as of the date of determination) in the case of non-U.S. banks;

 

(4)       repurchase
obligations for underlying securities of the types described in clauses (2), (3) and (7) of this definition
entered into with any financial institution meeting the qualifications specified in clause (3) above;

 

(5)       commercial
paper rated at least “P-1” by Moody’s or at least “A-1” by S&P, and in each case maturing within
24 months after the date of creation thereof and Indebtedness or preferred stock issued by Persons with a rating of “A”
or higher from S&P or “A-2” or higher from Moody’s, with maturities of 24 months or less from the date of
acquisition;

 

(6)       marketable
short-term money market and similar securities having a rating of at least “P-2” or “A-2” from either Moody’s
or S&P, respectively (or, if at any time neither Moody’s nor S&P shall be rating such obligations, an equivalent
rating from another nationally recognized statistical rating agency selected by the Borrower) and in each case maturing within
24 months after the date of creation or acquisition thereof;

 

    -9-

     

    

 

(7)       readily
marketable direct obligations issued by any state, commonwealth or territory of the United States or any political subdivision
or taxing authority thereof having an Investment Grade Rating from Moody’s or S&P with maturities of 24 months or less
from the date of acquisition;

 

(8)       readily
marketable direct obligations issued by any foreign government or any political subdivision or public instrumentality thereof,
in each case having an Investment Grade Rating from Moody’s or S&P with maturities of 24 months or less from the date
of acquisition;

 

(9)       Investments
with average maturities of 12 months or less from the date of acquisition in money market funds rated within the top three ratings
category by S&P or Moody’s;

 

(10)      with
respect to any Foreign Subsidiary: (i) obligations of the national government of the country in which such Foreign Subsidiary maintains
its chief executive office and principal place of business provided such country is a member of the Organization for Economic Cooperation
and Development, in each case maturing within one year after the date of investment therein, (ii) certificates of deposit of, bankers
acceptances of, or time deposits with, any commercial bank which is organized and existing under the laws of the country in which
such Foreign Subsidiary maintains its chief executive office and principal place of business provided such country is a member
of the Organization for Economic Cooperation and Development, and whose short-term commercial paper rating from S&P is at least
 “A-1” or the equivalent thereof or from Moody’s is at least “P-1” or the equivalent thereof (any
such bank being an “Approved Foreign Bank”), and in each case with maturities of not more than 270 days from
the date of acquisition and (iii) the equivalent of demand deposit accounts which are maintained with an Approved Foreign Bank;

 

(11)      Cash
Equivalents of the types described in clauses (1) through (10) above denominated in Dollars, Euro, Brazilian Real,
British Pounds Sterling, Australian Dollars, Canadian Dollars, Chinese Yuan, Danish Kroner, Hong Kong Dollars, Hungarian Forint,
Indian Rupee, Japanese Yen, New Zealand Dollars, Norwegian Krone, Singapore Dollars, South African Rand, Swedish Kroner, Swiss
Francs, Turkish Lira, United Arab Emirates Dirham or any other currency (other than Dollars) that is a lawful currency (other than
Dollars) that is readily available and freely transferable and convertible into Dollars or, solely to the extent held in the ordinary
course of business and not for speculative purposes, any currency in which any Parent, the Borrower and/or the Restricted Subsidiaries
regularly conducts business; and

 

(12)      investment
funds investing at least 90% of their assets in Cash Equivalents of the types described in clauses (1) through (11)
above.

 

“Cash Management
Bank” means any financial institution providing treasury, depository, credit or debit card, purchasing card, and/or cash
management services or automated clearing house transactions to any Parent, the Borrower or any Restricted Subsidiary or conducting
any automated clearing house transfers of funds.

 

“Cash Management
Obligations” means obligations owed by any Parent, the Borrower or any Restricted Subsidiary to any Cash Management Bank
in respect of any Cash Management Services.

 

“Cash Management
Services” means (a) commercial credit cards, merchant card services, purchase or debit cards, including non-card e-payables
services, (b) treasury management services (including controlled disbursement, overdraft automatic clearing house fund transfer
services, return items and interstate depository network services) and (c) any other demand deposit or operating account relationships
or other cash management services.

 

    -10-

     

    

 

“Casualty
Event” means any event that gives rise to the receipt by any Parent, the Borrower or any Restricted Subsidiary
of any insurance proceeds or condemnation awards in respect of any equipment, fixed assets or real property (including any improvements
thereon) to replace or repair such equipment, fixed assets or real property.

 

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

 

“Change of Control”
means the earlier to occur of:

 

(a)       the
Permitted Holders ceasing to have the power, directly or indirectly, to vote or direct the voting of securities having a majority
of the ordinary voting power for the election of directors, managers or other governing body of each Parent and the Borrower; provided
that the occurrence of the foregoing event shall not be deemed a Change of Control if,

 

(i)       any
time prior to the consummation of a Qualifying IPO, and for any reason whatsoever, (A) the Permitted Holders otherwise have the
right, directly or indirectly, to designate (and do so designate) a majority of the board of directors, managers or other governing
body of each Parent and the Borrower at such time or (B) the Permitted Holders own, directly or indirectly, a majority of the outstanding
voting Equity Interests of each Parent and the Borrower at such time, or

 

(ii)       at
any time upon or after the consummation of a Qualifying IPO, and for any reason whatsoever, no “person” or “group”
(as such terms are used in Sections 13(d) and 14(d) of the Exchange Act), excluding the Permitted Holders, shall become the
 “beneficial owner” (as defined in Rules 13(d)-3 and 13(d)-5 under such Act), directly or indirectly, of more than the
greater of (x) thirty-five percent (35%) of the then outstanding voting stock of the Borrower, and (y) the percentage of the then
outstanding voting stock of the Borrower owned, directly or indirectly, beneficially by the Permitted Holders; provided
that so long as the Borrower is a Wholly Owned Subsidiary of any parent entity, no person shall be deemed to be or become a beneficial
owner of more than 35% of the voting stock of the Borrower unless such person shall be or become a beneficial owner of more than
35% of the voting stock of such parent entity (other than a parent entity that is a Wholly Owned Subsidiary of another parent entity);
or

 

(b)       the
Borrower ceasing to be a direct Wholly Owned Subsidiary of a Parent or an Intermediate Holding Company;

 

(c)       the
occurrence of a “Change of Control” (or similar event, however denominated), as defined in the ABL Credit Agreement;
or

 

    -11-

     

    

 

(d)
         the occurrence of a “Change of Control” (or similar event, however denominated),
as defined in the Second Lien Credit Agreement.

 

(d)
         [reserved].

 

Notwithstanding
the preceding or any provision of Section 13d-3 of the Exchange Act, (i) a Person or group shall not be deemed to beneficially
own voting stock subject to a stock or asset purchase agreement, merger agreement, option agreement, warrant agreement or similar
agreement (or voting or option or similar agreement related thereto) until the consummation of the acquisition of the voting stock
in connection with the transactions contemplated by such agreement, (ii) if any person or group includes one or more Permitted
Holders, the issued and outstanding voting stock of the Borrower owned, directly or indirectly, by any Permitted Holders that are
part of such person or group shall not be treated as being beneficially owned by such person or group or any other member of such
person or group for purposes of determining whether a Change of Control has occurred and (iii) the right to acquire voting stock
(so long as such Person does not have the right to direct the voting of the voting stock subject to such right) or any veto power
in connection with the acquisition or disposition of voting stock will not cause a party to be a beneficial owner.

 

“City
Code” has the meaning specified in Section 1.09(a).

 

“Class”
(a) when used with respect to Lenders, refers to whether such Lenders hold a particular Class of Term Commitments or Loans, (b)
when used with respect to Term Commitments, refers to whether such Term Commitments are Initial Term Commitments, Term Commitments
in respect of any Incremental Term Loans or Term Commitments in respect of any Extended Term Loans and (c) when used with respect
to Loans or a Borrowing, refers to whether such Loans, or the Loans comprising such Borrowing, are Initial Term Loans, Extended
Term Loans or Incremental Term Loans. Incremental Term Loans and Extended Term Loans that have different terms and conditions (together
with the Term Commitments in respect thereof) shall be construed to be in different Classes.

 

“Closing
Date” means the date all the conditions precedent in Section 4.01 are satisfied or waived in accordance
with Section 10.01.,
which date is November 21, 2017.

 

“Closing Date
Restricted Payment” means a dividend or distribution payment (or series of payments) by the Borrower or any of its direct
or indirect parent companies on or prior to February 20, 2018 to, directly or indirectly, holders of its Equity Interests in an
amount not to exceed $300,000,000.

 

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

 

“Collateral”
means all the “Collateral” as defined in the Collateral Documents and all other property of whatever kind and nature
pledged or charged as collateral under any Collateral Document.

 

“Collateral
Agent” means Bank of America, in its capacity as collateral agent under any of the Loan Documents, or any successor collateral
agent appointed in accordance with Section 9.09.

 

“Collateral
and Guarantee Requirement” means, at any time, the requirement that:

 

(a)         the
Collateral Agent shall have received each Collateral Document required to be delivered on the Closing Date pursuant to Section
4.01(a)(iii), or thereafter pursuant to Section 6.10 or Section 6.12, duly executed by each Loan Party that is
a party thereto;

 

    -12-

     

    

 

(b)         all
Obligations shall have been unconditionally guaranteed (the “Guarantees”), jointly and severally, by each Parent,
each Intermediate Holding Company and each Restricted Subsidiary that is a Material Subsidiary (other than any Excluded Subsidiary)
including, as of the Closing Date, those that are listed on Schedule 1.01D hereto (each, a “Guarantor”);

 

(c)         the
Obligations and the Guarantees shall have been secured pursuant to the Security Agreements or other applicable Collateral Documents
by a first-priority security interest in (i) all the Equity Interests of the Borrower and any Intermediate Holding Company
and (ii) all Equity Interests (other than Excluded Equity) held directly by the Borrower or any other Loan Party in any Wholly
Owned Subsidiary, in each case subject to (x) those Liens permitted under Sections 7.01(b), (o), (w)
(solely with respect to modifications, replacements, renewals or extensions of Liens permitted by Sections 7.01(b) and (o))
and (ff) and (y) any nonconsensual Lien that is permitted under Section 7.01 and the Administrative Agent shall have
received certificates or other instruments representing all such Equity Interests (if any), together with undated stock powers
or other instruments of transfer with respect thereto endorsed in blank;

 

(d)         except
to the extent otherwise provided hereunder or under any Collateral Document, the Obligations and the Guarantees shall have been
secured by a perfected security interest (to the extent such security interest may be perfected by delivering certificated securities
and instruments, filing personal property financing statements, or making any necessary filings with the United States Patent and
Trademark Office or United States Copyright Office) in, substantially all tangible and intangible assets of each Parent, each Intermediate
Holding Company, the Borrower and each other Guarantor (including, without limitation, accounts receivable, inventory, equipment,
investment property, United States intellectual property, intercompany receivables, other general intangibles (including contract
rights), and proceeds of the foregoing), in each case, with the priority required by the Collateral Documents and all certificates,
agreements, documents and instruments, including Uniform Commercial Code financing statements, required by the Collateral Documents,
requirements of Law and reasonably requested by the Collateral Agent to be filed, delivered, registered or recorded to create the
Liens intended to be created by the Collateral Documents and perfect such Liens to the extent required by, and with the priority
required by, the Collateral Documents and the other provisions of the term “Collateral and Guarantee Requirement,”
shall have been filed, registered or recorded or delivered to the Collateral Agent for filing, registration or recording;

 

(e)         none
of the Collateral shall be subject to any Liens other than Permitted Liens; and

 

(f)          in
the event any Guarantor is added that is organized in a jurisdiction other than the U.S., such Loan Party shall grant a perfected
lien on substantially all of its assets (other than Excluded Property) pursuant to arrangements reasonably agreed between the Administrative
Agent and the Borrower subject to customary limitations in such jurisdiction to be reasonably agreed to between the Administrative
Agent and the Borrower.

 

The
foregoing definition shall not require the creation or perfection of pledges of or security interests in particular assets if and
for so long as the Administrative Agent and the Borrower agree in writing that the cost of creating or perfecting such pledges
or security interests in such assets shall be excessive in view of the benefits to be obtained by the Lenders therefrom.

 

Notwithstanding anything
herein to the contrary, the Borrower shall not enter into any deed of trust, trust deed, deed of hypothecation or mortgage creating
and evidencing a Lien in respect of any real property of the Borrower or any other Loan Party located in the United States of America
or any territory thereof until the Administrative Agent shall have provided written confirmation that flood insurance due diligence
and flood insurance compliance has been completed by the Administrative Agent (such written confirmation not to be unreasonably
conditioned, withheld or delayed).

 

    -13-

     

    

 

The
Administrative Agent may grant extensions of time for the perfection of security interests in (including extensions beyond the
Closing Date for the perfection of security interests in the assets of the Loan Parties on such date) where it reasonably determines,
in consultation with the Borrower, that perfection cannot be accomplished without undue effort or expense by the time or
times at which it would otherwise be required by this Agreement or the Collateral Documents.

 

Notwithstanding the foregoing
provisions of this definition or anything in this Agreement or any other Loan Document to the contrary:

 

(A)        Liens
required to be granted from time to time pursuant to the Collateral and Guarantee Requirement shall be subject to exceptions and
limitations set forth in the Collateral Documents and, to the extent appropriate in the applicable jurisdiction, as agreed between
the Administrative Agent and the Borrower;

 

(B)        the
Collateral and Guarantee Requirement shall not apply to any Excluded Property;

 

(C)        no
deposit account control agreement, securities account control agreement or other control agreements or control arrangements shall
be required with respect to any deposit account, securities account or other asset specifically requiring perfection through control
agreements except to the extent required under the ABL Facility; provided, however, that this requirement shall be deemed satisfied
for so long as the ABL Facility Administrative Agent is acting as agent for the benefit of the Collateral Agent pursuant to the
ABL Intercreditor Agreement with respect to any deposit account control agreement or securities account control agreement to which
the ABL Facility Administrative Agent is a party; provided, further, however, that in no event shall the Borrower or any Guarantor
be required to execute or deliver (or maintain in effect) any deposit account control agreement or securities account control agreement
if there is no ABL Facility then in effect or such control agreement is not otherwise required to be delivered to the ABL Facility
Administrative Agent under the terms of the ABL Facility; provided further that any deposit account
control agreement entered into in connection with the Inventure Account shall be solely for the benefit of the Secured Parties
(as defined in the Second Lien Credit Agreement);

 

(D)        other
than as provided in clause (f) above, no actions in any jurisdiction other than the U.S. or that are necessary to comply with the
Laws of any jurisdiction other than the U.S. shall be required in order to create any security interests in assets located, titled,
registered or filed outside of the U.S. or to perfect such security interests (it being understood that other than as provided
in clause (f) above, there shall be no security agreements, pledge agreements, or share charge (or mortgage) agreements governed
under the Laws of any jurisdiction other than the U.S.);

 

(E)         general
statutory limitations, financial assistance, corporate benefit, capital maintenance rules, fraudulent preference, “thin capitalization”
rules, retention of title claims and similar principle may limit the ability of a Foreign Subsidiary to provide a Guarantee or
Collateral or may require that the Guarantee or Collateral be limited by an amount or otherwise, in each case as reasonably determined
by the Borrower in consultation with the Administrative Agent; and

 

(F)         no
stock certificates of Immaterial Subsidiaries shall be required to be delivered to the Collateral Agent.

 

    -14-

     

    

 

“Collateral
Documents” means, collectively, the Security Agreement, each of the collateral assignments, Security Agreement Supplements,
security agreements, pledge agreements or other similar agreements delivered to the Collateral Agent and the Lenders pursuant to
Section 4.01(a)(iii), Section 6.10 or Section 6.12, the Guaranty and each of the other agreements,
instruments or documents that creates or purports to create a Lien or Guarantee in favor of the Collateral Agent for the benefit
of the Secured Parties.

 

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

 

“Communications”
has the meaning set forth in Section 10.02(g).

 

“Compensation
Period” has the meaning specified in Section 2.12(c)(ii).

 

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

 

“Consolidated”
means with respect to any Person and any specified Subsidiaries of such Person, refers to the consolidation of financial statements
of such Person and such Subsidiaries and of particular items in such financial statements in accordance with GAAP; provided
that, as it applies to the Parents, the Borrower and the Restricted Subsidiaries, it shall refer to the consolidation principles
used with respect to the Parents, the Borrower and the Restricted Subsidiaries, which consolidation principles shall mean, in the
case of each Consolidated financial statement of the Parents, the Borrower and the Restricted Subsidiaries required to be delivered
under this Agreement, the combined financial statement of (i) the applicable Consolidated financial statement of UM-R Parent and
its Restricted Subsidiaries as combined with (ii) the applicable Consolidated financial statement of UM-U Parent, the Borrower
and their respective Restricted Subsidiaries as Consolidated with SRS Leasing Parent and its Restricted Subsidiaries as well as
RILP and its Restricted Subsidiaries (if any) and provided, further, as it applies to the Parents, the Borrower and the
Restricted Subsidiaries, it shall mean the Borrower and each Parent and the Restricted Subsidiaries other than the Unrestricted
Subsidiaries.

 

“Consolidated
Depreciation and Amortization Expense” means, with respect to any Person for any period, the total amount of depreciation
and amortization expense, including the amortization of deferred financing fees or costs, capitalized expenditures, customer acquisition
costs and incentive payments, conversion costs and contract acquisition costs, the amortization of original issue discount resulting
from the issuance of Indebtedness at less than par and amortization of favorable or unfavorable lease assets or liabilities, of
such Person and its Restricted Subsidiaries for such period on a consolidated basis and otherwise determined in accordance with
GAAP.

 

“Consolidated
EBITDA” means, with respect to any Person for any period, the Consolidated Net Income of such Person (and with respect
to the Parents, the Borrower and Restricted Subsidiaries, such Persons on a Consolidated basis) for such period:

 

(a)          increased
(without duplication) by the following:

 

(i)           provision
for Taxes based on income or profits or capital, including, without limitation, state, franchise, excise and similar Taxes and
foreign withholding Taxes of such Person paid or accrued during such period, including any penalties and interest relating to any
tax examinations, deducted (and not added back) in computing Consolidated Net Income; plus

 

    -15-

     

    

 

(ii)          Interest
Charges of such Person for such period (including (x) net losses or any obligations under any Swap Contracts or other derivative
instruments entered into for the purpose of hedging interest rate, currency or commodities risk, (y) bank fees and (z) costs of
surety bonds in connection with financing activities, to the extent the same were deducted (and not added back) in calculating
such Consolidated Net Income); plus

 

(iii)         Consolidated
Depreciation and Amortization Expense of such Person for such period to the extent the same were deducted (and not added back)
in computing Consolidated Net Income; plus

 

(iv)        any
fees, expenses or charges (other than depreciation or amortization expense) related to any equity offering, Investment, acquisition,
disposition or recapitalization permitted hereunder or the incurrence of Indebtedness permitted to be incurred hereunder (including
a refinancing thereof) (whether or not successful), including (A) such fees, expenses or charges related to this Agreement,
the Second Lien Facility and the ABL Facility and any other credit facilities (including fees, expenses or charges
of any consultants and advisors incurred in connection with the Transaction, or
the Golden Flake Acquisition or the Inventure Acquisition) and (B) any amendment
or other modification of this Agreement, the Second Lien Facility, the ABL Facility
and any other credit facilities, in each case, deducted (and not added back) in computing Consolidated Net Income; plus

 

(v)         the
amount of any restructuring charge or reserve, integration cost or other business optimization expense or cost, including in connection
with establishing new facilities, that is deducted (and not added back) in such period in computing Consolidated Net Income, including
any one-time costs incurred in connection with acquisitions or divestitures after the Closing Date, and costs related to the closure
and/or consolidation of facilities and to exiting lines of business; plus

 

(vi)        any
other non-cash charges, write-downs, expenses, losses or items reducing Consolidated Net Income for such period including any impairment
charges or the impact of purchase accounting (provided that if any such non-cash charges represent an accrual or reserve
for potential cash items in any future period, (A) the Borrower may elect not to add back such non-cash charge in the current period
and (B) to the extent the Borrower elects to add back such non-cash charge, the cash payment in respect thereof in such future
period shall be subtracted from Consolidated EBITDA to such extent) or other items classified by the Borrower as special
items less other non-cash items of income increasing Consolidated Net Income (excluding any such non-cash item of income to the
extent it represents a receipt of cash in any future period); plus

 

(vii)       non-cash
losses from JV Entities and non-cash minority interest reductions; plus

 

(viii)      the
amount of “run-rate” cost savings, synergies and incremental earnings from administrative, selling or production-related
activities projected by the Borrower in good faith to result from actions taken prior to or during, or expected to be taken
following such period (including, without limitation, the Golden Flake Acquisition or the Inventure
Acquisition) (which cost savings, synergies or incremental earnings shall be subject only to certification by a Responsible Officer
of the Borrower and shall be calculated on a pro forma basis as though such cost savings, synergies or incremental earnings had
been realized on the first day of such period), net of the amount of actual benefits realized prior to or during such period from
such actions; provided that (A) a Responsible Officer of the Borrower shall have certified to the Administrative Agent that
(x) such cost savings, synergies or incremental earnings are reasonably identifiable, reasonably attributable to the actions specified
and reasonably anticipated to result from such actions, (y) such actions have been taken or are to be taken within eighteen (18)
months of the event giving rise thereto and (B) the aggregate increase to Consolidated EBITDA for any period pursuant to this clause
(viii), clause (ii) of the definition of “Pro Forma Adjustment” and clause (a)(xiv)(A) of the definition of “Consolidated
EBITDA” shall not exceed 25% of Consolidated EBITDA for such period (calculated after giving effect to any increase pursuant
to this clause (viii), clause (ii) of the definition of “Pro Forma Adjustment” and clause (a)(xiv)(A) of the definition
of “Consolidated EBITDA”); plus

 

    -16-

     

    

 

(ix)         (A)
any costs or expense incurred by any Parent, the Borrower or any Restricted Subsidiary pursuant to any management equity
plan or stock option plan or any other management or employee benefit plan or agreement or any stock subscription or shareholder
agreement, to the extent that such cost or expenses are funded with cash proceeds contributed to the capital of the Borrower or
Net Cash Proceeds of an issuance of Equity Interests (other than Disqualified Equity Interests or any Cure Amounts) of the Borrower
and (B) cash payments under long-term management equity incentive plans; plus

 

(x)          cash
receipts (or any netting arrangements resulting in reduced cash expenditures) not representing Consolidated EBITDA or Consolidated
Net Income in any period to the extent non-cash gains relating to such income were deducted in the calculation of Consolidated
EBITDA pursuant to paragraph (b) below for any previous period and not added back; plus

 

(xi)         any
net loss included in Consolidated Net Income attributable to non-controlling interests pursuant to the application of Accounting
Standards Codification Topic 810-10-45; plus

 

(xii)        realized
foreign exchange losses resulting from the impact of foreign currency changes on the valuation of assets or liabilities on the
balance sheet of the Parents, the Borrower and the Restricted Subsidiaries; plus

 

(xiii)       net
realized losses from Swap Contracts or embedded derivatives that require similar accounting treatment and the application of Accounting
Standard Codification Topic 815 and related pronouncements; plus

 

(xiv)       in
an amount not to exceed $5,000,000 in the aggregate in any four fiscal quarter period, the amount of board, management, advisory,
consulting, refinancing subsequent transaction and exit fees (including termination fees) and related indemnities and expenses
paid or accrued in such period to any Permitted Holder (or, in the case of board fees, to any director) to the extent permitted
hereunder; plus

 

(xv)        the
amount of loss on sale of receivables and related assets in connection with a Permitted Receivables Financing; plus

 

(xvi)       the
amount of any charges, expenses, costs or other payments in respect of facilities no longer used or useful in the conduct of the
business of the Parents, the Borrower and the Restricted Subsidiaries; plus

 

    -17-

     

    

 

(xvii)      charges,
expenses and costs associated with, or in anticipation of, or preparation for, compliance with the requirements of the Sarbanes-Oxley
Act of 2002 and the rules and regulations promulgated in connection therewith and charges, expenses and costs in anticipation of,
or preparation for, compliance with the provisions of the Securities Act of 1933, as amended, and the Securities Exchange Act of
1934, as amended, as applicable to companies with equity or debt securities held by the public, the rules of national securities
exchange for companies with listed equity or debt securities, including directors’ or managers’ compensation, fees
and expense reimbursement, costs, expenses and charges relating to investor relations, shareholder meetings and reports to shareholders
or debtholders, directors’ and officers’ insurance and other executive costs, legal and other professional fees, and
listing fees (collectively, “Public Company Costs”); plus

 

(xviii)     in
an amount not to exceed $10,000,000 in the aggregate in any four fiscal quarter period, any (A) legal fees and expenses actually
incurred in connection with corporate actions and (B) costs and expenses related to settlement of such actions; plus

 

(xiv)       any
other adjustments or add-backs specified in (A) subject to the limitations set forth in clause (a)(viii) of the definition of Consolidated
EBITDA, the Quality of Earnings Report delivered to the Lead Arrangers on October 20, 2017 and (B) the financial model delivered
to the Lead Arrangers on October 30, 2017;

 

(b)         decreased
(without duplication) by the following:

 

(i)           non-cash
gains increasing Consolidated Net Income of such Person for such period (other than any such amounts in connection with the sale
of routes to independent operators), excluding any non-cash gains to the extent they represent the reversal of an accrual or cash
reserve for a potential cash item that reduced Consolidated EBITDA in any prior period and any non-cash gains with respect to cash
actually received in a prior period so long as such cash did not increase Consolidated EBITDA in such prior period; plus

 

(ii)          realized
foreign exchange income or gains resulting from the impact of foreign currency changes on the valuation of assets or liabilities
on the balance sheet of the Parents, the Borrower and the Restricted Subsidiaries; plus

 

(iii)        any
net realized income or gains from any obligations under any Swap Contracts or embedded derivatives that require similar accounting
treatment and the application of Accounting Standard Codification Topic 815 and related pronouncements; plus

 

(iv)        any
amount included in Consolidated Net Income of such Person for such period attributable to non-controlling interests pursuant to
the application of Accounting Standards Codification Topic 810-10-45;

 

(c)          increased
or decreased (without duplication) by, as applicable, any adjustments resulting from the application of Accounting Standards Codification
Topic 460 or any comparable regulation; and

 

(d)         increased
or decreased (to the extent not already included in determining Consolidated EBITDA) by any Pro Forma Adjustment.

 

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There shall be included
in determining Consolidated EBITDA for any period, without duplication, (A) the Acquired EBITDA of any Person, property, business
or asset acquired by any Parent, the Borrower or any Restricted Subsidiary during such period (but not the Acquired EBITDA of any
related Person, property, business or assets to the extent not so acquired), to the extent not subsequently sold, transferred or
otherwise disposed of by such Parent, the Borrower or such Restricted Subsidiary during such period (each such Person, property,
business or asset acquired and not subsequently so disposed of, an “Acquired Entity or Business”), and the Acquired
EBITDA of any Unrestricted Subsidiary that is converted into a Restricted Subsidiary during such period (each, a “Converted
Restricted Subsidiary”), based on the actual Acquired EBITDA of such Acquired Entity or Business or Converted Restricted
Subsidiary for such period (including the portion thereof occurring prior to such acquisition) and (B) an adjustment in respect
of each Acquired Entity or Business equal to the amount of the Pro Forma Adjustment with respect to such Acquired Entity or Business
for such period (including the portion thereof occurring prior to such acquisition) as specified in a certificate executed by a
Responsible Officer and delivered to the Lenders and the Administrative Agent. For purposes of determining the Consolidated EBITDA
for any period, there shall be excluded in determining Consolidated EBITDA for any period the Disposed EBITDA of any Person, property,
business or asset (other than an Unrestricted Subsidiary) sold, transferred or otherwise disposed of, closed or classified as discontinued
operations by any Parent, the Borrower or any Restricted Subsidiary during such period (each such Person, property, business or
asset so sold or disposed of, a “Sold Entity or Business”) and the Disposed EBITDA of any Restricted Subsidiary
that is converted into an Unrestricted Subsidiary during such period (each, a “Converted Unrestricted Subsidiary”),
based on the actual Disposed EBITDA of such Sold Entity or Business or Converted Unrestricted Subsidiary for such period (including
the portion thereof occurring prior to such sale, transfer or disposition). Notwithstanding the foregoing, but subject to any adjustment
set forth above with respect to any transactions occurring after the Closing Date, Consolidated EBITDA shall be $25.4 million,
$26.1 million, $25.8 million and $30.9 million for the fiscal quarters ended September 2016, December 2016, March 2017 and June
2017, respectively.

 

“Consolidated
Interest Expense” means, with respect to any Person for any period (and with respect to the Parents, the Borrower
and Restricted Subsidiaries, such Persons on a Consolidated basis), without duplication, the sum of:

 

(1)          consolidated
interest expense of such Person for such period, to the extent such expense was deducted (and not added back) in computing Consolidated
Net Income (including (a) amortization of original issue discount or premium resulting from the issuance of Indebtedness at
less than par, (b) all commissions, discounts and other fees and charges owed with respect to letters of credit or bankers
acceptances, (c) non-cash interest payments, (d) the interest component of Capitalized Lease Obligations and (e) net
payments, if any, pursuant to interest rate obligations under any Swap Contracts with respect to Indebtedness); plus

 

(2)          consolidated
capitalized interest of such Person for such period, whether paid or accrued; less

 

(3)          interest
income for such period.

 

For purposes of this
definition, interest on a Capitalized Lease Obligation shall be deemed to accrue at an interest rate reasonably determined by such
Person to be the rate of interest implicit in such Capitalized Lease Obligation in accordance with GAAP.

 

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“Consolidated
Net Income” means, with respect to any Person for any period, the net income (loss) of such Person for such period determined
on a consolidated basis in accordance with GAAP (and with respect to the Parents, the Borrower and Restricted Subsidiaries,
such Persons on a Consolidated basis); provided, however, that there will not be included in such Consolidated Net
Income:

 

(1)          any
net income (loss) of any Person if such Person is not a Restricted Subsidiary, except that any Parent’s equity in the net
income of any such Person for such period will be included in such Consolidated Net Income up to the aggregate amount of cash or
Cash Equivalents actually distributed (or, so long as such Person is not (x) a JV Entity with outstanding third party indebtedness
for borrowed money or (y) an Unrestricted Subsidiary, that (as reasonably determined by a Responsible Officer of the Borrower)
could have been distributed by such Person during such period to a Parent, the Borrower or a Restricted Subsidiary) as a dividend
or other distribution or return on investment, subject, in the case of a dividend or other distribution or return on investment
to a Restricted Subsidiary, to the limitations contained in clause (2) below;

 

(2)          solely
for the purpose of determining the Available Amount, any net income (loss) of any Restricted Subsidiary (other than any Guarantor)
if such Subsidiary is subject to restrictions, directly or indirectly, on the payment of dividends or the making of distributions
by such Restricted Subsidiary, directly or indirectly, to a Borrower or a Guarantor by operation of the terms of such Restricted
Subsidiary’s charter or any agreement, instrument, judgment, decree, order, statute or governmental rule or regulation applicable
to such Restricted Subsidiary or its shareholders (other than (a) restrictions that have been waived or otherwise released
and (b) restrictions pursuant to the Loan Documents, the Second Lien Facility
or the ABL Facility), except that any Parent’s equity in the net income of any such Restricted Subsidiary for such period
will be included in such Consolidated Net Income up to the aggregate amount of cash or Cash Equivalents actually distributed or
that could have been distributed by such Restricted Subsidiary during such period to a Parent, the Borrower or another Restricted
Subsidiary as a dividend or other distribution (subject, in the case of a dividend to another Restricted Subsidiary, to the limitation
contained above in this clause);

 

(3)          any
net gain (or loss) from disposed, abandoned or discontinued operations and any net gain (or loss) on disposal of disposed, discontinued
or abandoned operations;

 

(4)          any
net gain (or loss) realized upon the sale or other disposition of any asset or disposed operations of any Parent, the Borrower
or any Restricted Subsidiary (including pursuant to any sale/leaseback transaction) which is not sold or otherwise disposed of
in the ordinary course of business (as determined in good faith by a Responsible Officer or the board of directors of the Borrower),
including the gain on the sale of routes to independent operators;

 

(5)          any
extraordinary, exceptional, unusual or nonrecurring gain, loss, charge or expense (including relating to the Transaction Expenses),
or any charges, expenses or reserves in respect of any restructuring, relocation, redundancy or severance expense, new product
introductions or one-time compensation charges;

 

(6)          the
cumulative effect of a change in accounting principles;

 

(7)          any
(i) non-cash compensation charge or expense arising from any grant of stock, stock options or other equity based awards (including
any long-term management equity incentive plans) and any non-cash deemed finance charges in respect of any pension liabilities
or other provisions and (ii) income (loss) attributable to deferred compensation plans or trusts;

 

    -20-

     

    

 

(8)          all
deferred financing costs written off and premiums paid or other expenses incurred directly in connection with any early extinguishment
of Indebtedness and any net gain (loss) from any write-off or forgiveness of Indebtedness;

 

(9)          any
unrealized gains or losses in respect of any obligations under any Swap Contracts or any ineffectiveness recognized in earnings
related to hedge transactions or the fair value of changes therein recognized in earnings for derivatives that do not qualify as
hedge transactions, in each case, in respect of any obligations under any Swap Contracts;

 

(10)        any
unrealized foreign currency translation gains or losses in respect of Indebtedness of any Person denominated in a currency other
than the functional currency of such Person and any unrealized foreign exchange gains or losses relating to translation of assets
and liabilities denominated in foreign currencies;

 

(11)        any
unrealized foreign currency translation or transaction gains or losses in respect of Indebtedness or other obligations of any Parent,
the Borrower or any Restricted Subsidiary owing to any Parent, the Borrower or any Restricted Subsidiary;

 

(12)        any
purchase accounting effects including, but not limited to, adjustments to inventory, property and equipment, software and other
intangible assets and deferred revenue in component amounts required or permitted by GAAP and related authoritative pronouncements
(including the effects of such adjustments pushed down to the Parents, the Borrower and the Restricted Subsidiaries), as a result
of any consummated acquisition (including the Golden Flake Acquisition and the Inventure Acquisition),
or the amortization or write-off of any amounts thereof (including any write-off of in process research and development);

 

(13)        any
impairment charge, write-down or write-off, including impairment charges, write-downs or write-offs relating to goodwill, intangible
assets, long-lived assets, investments in debt and equity securities or as a result of a Change in Law or regulation;

 

(14)        any
after-tax effect of income (loss) from the early extinguishment or cancellation of Indebtedness or any obligations under any Swap
Contracts or other derivative instruments;

 

(15)        accruals
and reserves that are established within twelve months after the Closing Date that are so required to be established as a result
of the Transaction in accordance with GAAP;

 

(16)        any
net unrealized gains and losses resulting from Swap Contracts or embedded derivatives that require similar accounting treatment
and the application of Accounting Standards Codification Topic 815 and related pronouncements; and

 

(17)        any
deferred tax expense associated with tax deductions or net operating losses arising as a result of the Transactions, or the release
of any valuation allowance related to such item.

 

In
addition, to the extent not already excluded from the Consolidated Net Income of such Person, notwithstanding anything to the contrary
in the foregoing, Consolidated Net Income shall exclude (i) any expenses and charges that are reimbursed by indemnification or
other reimbursement provisions in connection with any investment (including the Golden Flake Acquisition or
the Inventure Acquisition) or any sale, conveyance, transfer or other disposition of assets permitted hereunder
(it being understood and agreed that if such Person has notified a third party of such amount to be reimbursed or indemnified and
such third party has not denied its reimbursement or indemnification obligation, such amounts shall also be excluded) and (ii)
to the extent covered by insurance and actually reimbursed, or, so long as the Borrower has made a determination that there
exists reasonable evidence that such amount will in fact be reimbursed by the insurer and only to the extent that such amount is
(A) not denied by the applicable carrier in writing within 180 days and (B) in fact reimbursed within 365 days of the date of such
evidence (with a deduction for any amount so added back to the extent not so reimbursed within such 365 days), expenses with respect
to liability or casualty events or business interruption.

 

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“Consolidated
Total Debt” means, as of any date of determination, (a) the aggregate principal amount of Indebtedness of the Parents,
the Borrower and the Restricted Subsidiaries outstanding on such date, determined on a consolidated basis in accordance
with GAAP (but excluding the effects of any discounting of Indebtedness resulting from the application of purchase accounting in
connection with the Transaction or any Permitted Acquisition), consisting of Indebtedness for borrowed money, Disqualified Equity
Interests, Capitalized Lease Obligations and debt obligations evidenced by bonds, debentures, notes, loan agreements or other similar
instruments minus (b) the aggregate amount of unrestricted cash and Cash Equivalents (in each case, free and clear of all
Liens other than any nonconsensual Lien that is permitted under the Loan Documents, Liens of the Collateral Agent, Liens in favor
of the ABL Administrative Agent under the ABL Loan Documents, Liens in favor of the Administrative
Agent (as defined in the Second Lien Credit Agreement) under the Second Lien Loan Documents and Liens that are
subordinated to or pari passu with the Liens of the Collateral Agent pursuant to the Applicable Intercreditor Agreement)
included in the Consolidated balance sheet of the Parents, the Borrower and the Restricted Subsidiaries as of such date, which
aggregate amount of cash and Cash Equivalents shall be determined without giving pro forma effect to the proceeds of Indebtedness
incurred on such date; provided that Consolidated Total Debt shall not include (x) obligations under Swap Contracts entered
into in the ordinary course of business and not for speculative purposes, (y) guarantees of indebtedness of independent operators
in an amount of up to $5.0 million and (z) Indebtedness in respect of any Permitted Non-Recourse Factoring. For
the avoidance of doubt, cash held in the Inventure Account shall not constitute “unrestricted cash and Cash Equivalents”
for determining “Consolidated Total Debt”.

 

“Consolidated
Working Capital” means, at any date, the excess of (x) all amounts (other than cash and Cash Equivalents) that would,
in conformity with GAAP, be set forth opposite the caption “total current assets” (or any like caption) on a Consolidated
balance sheet of the Parents, the Borrower and the Restricted Subsidiaries at such date over (y) all amounts that would,
in conformity with GAAP, be set forth opposite the caption “total current liabilities” (or any like caption) on a Consolidated
balance sheet of the Parents, the Borrower and the Restricted Subsidiaries on such date, but excluding, without duplication, (a)
the current portion of any Funded Debt or other long-term liabilities, (b) all Indebtedness consisting of Loans under the ABL Facility,
Swing Line Loans (as defined in the ABL Facility) and L/C Obligations (as defined in the ABL Facility) to the extent otherwise
included therein, (c) the current portion of interest, (d) the current portion of current and deferred income taxes, (e) the current
portion of any Capitalized Lease Obligations, (f) deferred revenue arising from cash receipts that are earmarked for specific projects,
(g) the current portion of deferred acquisition costs and (h) current accrued costs associated with any restructuring or business
optimization (including accrued severance and accrued facility closure costs).

 

“Contract Consideration”
has the meaning specified in the definition of “Excess Cash Flow.”Section
2.05(b)(i).

 

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

 

“Contribution
Indebtedness” means unsecured Indebtedness of any Parent, the Borrower or any Restricted Subsidiary in an amount equal
to the aggregate amount of cash contributions made after the Closing Date to any Parent in exchange for Qualified Equity Interests
of any Parent, except to the extent utilized in connection with any other transaction permitted by Section 7.02,
Section 7.06 or Section 7.08, and except to the extent such amount increases the Available Amount or is made from
Cure Amounts or the Excluded Contribution Amount.

 

    -22-

     

    

 

“Control”
has the meaning specified in the definition of “Affiliate.”

 

“Converted Restricted
Subsidiary” has the meaning specified in the definition of “Consolidated EBITDA.”

 

“Converted Unrestricted
Subsidiary” has the meaning specified in the definition of “Consolidated EBITDA.”

 

“Covered Party”
has the meaning specified in Section 10.27(a).

 

“Credit Extension”
means a Borrowing.

 

“Cure Amount”
has the meaning specified in the ABL Credit Agreement.

 

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

 

“Declined
Proceeds” has the meaning specified in Section 2.05(b)(vi).

 

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

 

“Default
Rate” means an interest rate equal to (a) with respect to any overdue principal for any Loan, the applicable interest
rate for such Loan plus 2.00% per annum (provided that with respect to Eurocurrency Rate Loans, the determination of the
applicable interest rate is subject to Section 2.02(c) to the extent that Eurocurrency Rate Loans may not be converted
to, or continued as, Eurocurrency Rate Loans, pursuant thereto) and (b) with respect to any other overdue amount, including
overdue interest, the interest rate applicable to Base Rate Loans plus 2.00% per annum, in each case, to the fullest extent permitted
by applicable Laws.

 

“Defaulting
Lender” means any Lender that (a) has failed or refused (in writing), within two (2) Business Days of the date required
to be funded or paid, to (i) fund any portion of its Loans required to be funded by it or (ii) pay over to the Administrative Agent
or any other Lender any other amount required to be paid by it hereunder, unless, in the case of clause (i) above, such
Lender notifies the Administrative Agent in writing that such failure is the result of such Lender’s good faith determination
that a condition precedent to funding (specifically identified and including the particular default, if any) has not been satisfied,
(b) has notified the Borrower or the Administrative Agent or any other Lender in writing that it does not intend or expect to comply
with any of its funding obligations under this Agreement (unless such writing indicates that such position is based on such Lender’s
good faith determination that a condition precedent (specifically identified and including the particular default, if any) to funding
a Loan cannot be satisfied), (c) has failed, within three (3) Business Days after request by the Administrative Agent or any other
Lender, acting in good faith, to provide a certification in writing from an authorized officer of such Lender that it will comply
with its obligations to fund prospective Loans, provided that such Lender shall cease to be a Defaulting Lender pursuant
to this clause (c) upon such Administrative Agent’s or Lender’s receipt of such certification in form and substance
satisfactory to it and the Administrative Agent, (d) has become the subject of a Bankruptcy Event, or (e) has become the subject
of a Bail-In Action. Any determination by the Administrative Agent that a Lender is a Defaulting Lender under any one or more of
clauses (a) through (e) above, and of the effective date of such status, shall be conclusive and binding absent manifest
error, and such Lender shall be deemed to be a Defaulting Lender (subject to the last paragraph of Section 2.16)
as of the date established therefor by the Administrative Agent in a written notice of such determination, which shall be delivered
by the Administrative Agent to the Borrower and each other Lender promptly following such determination.

 

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“Designated
Non-Cash Consideration” means the fair market value of non-cash consideration received by any Parent, the Borrower or
any Restricted Subsidiary in connection with a Disposition pursuant to Section 7.05(m) that is designated as Designated
Non-Cash Consideration pursuant to a certificate of a Responsible Officer of the Borrower setting forth the basis of such valuation.

 

“Discount
Range” has the meaning specified in Section 2.05(d)(ii).

 

“Discounted
Prepayment Option Notice” has the meaning specified in Section 2.05(d)(ii).

 

“Discounted
Voluntary Prepayment” has the meaning specified in Section 2.05(d)(i).

 

“Discounted
Voluntary Prepayment Notice” has the meaning specified in Section 2.05(d)(v).

 

“Disposed EBITDA”
means, with respect to any Sold Entity or Business or any Converted Unrestricted Subsidiary for any period, the amount for such
period of Consolidated EBITDA of such Sold Entity or Business or such Converted Unrestricted Subsidiary, all as determined on a
consolidated basis for such Sold Entity or Business or such Converted Unrestricted Subsidiary.

 

“Disposition”
or “Dispose” means the sale, transfer, license, lease or other disposition (including any Sale Leaseback and
any sale of Equity Interests) of any property by any Person (in one transaction or in a series of transaction and whether effected
pursuant to a Division or otherwise), including any sale, assignment, transfer or other disposal, with or without recourse, of
any notes or accounts receivable or any rights and claims associated therewith; provided that (i) “Disposition”
and “Dispose” shall not be deemed to include any issuance by any Parent, any Intermediate Holding Company or the Borrower
of any of its Equity Interests to another Person and (ii) no transaction or series of related transactions shall be considered
a “Disposition” for purpose of Section 2.05(b)(ii) or Section 7.05 unless the fair market value (as determined
in good faith by the Borrower) of the property disposed of in such transaction or series of transactions shall exceed $1020,000,000.

 

“Disqualified
Equity Interests” means any Equity Interest which, by its terms (or by the terms of any security or other Equity Interests
into which it is convertible or for which it is exchangeable), or upon the happening of any event or condition (a) matures or is
mandatorily redeemable (other than solely for Qualified Equity Interests), pursuant to a sinking fund obligation or otherwise (except
as a result of an initial public offering, change of control or asset sale so long as any rights of the holders thereof upon the
occurrence of an initial public offering, change of control or asset sale event shall be subject to the prior repayment in full
of the Loans and all other Obligations that are accrued and payable and the termination of all Term Commitments), (b) is redeemable
at the option of the holder thereof (other than solely for Qualified Equity Interests), in whole or in part, (c) provides for the
scheduled payments of dividends in cash, or (d) is or becomes convertible into or exchangeable for Indebtedness or any other Equity
Interests that would constitute Disqualified Equity Interests, in each case, prior to the date that is ninety-one (91) days after
the Latest Maturity Date at the time such Equity Interests are issued.

 

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“Disqualified
Lenders” means (i) such Persons that have been specified in writing to the Lead Arrangers by the Borrower prior
to October 31, 2017, (ii) competitors of the Parents, the Borrower and the other Subsidiaries that have been specified in writing
to the Administrative Agent from time to time by the Borrower and (iii) any of their Affiliates (other than in the case of clause
(ii), Affiliates that are bona fide debt funds) that are (x) identified in writing from time to time to the Administrative Agent
by the Borrower or (y) clearly identifiable on the basis of such Affiliates’ name; provided that no such updates to
the list shall be deemed to retroactively disqualify any parties that have previously acquired an assignment or participation interest
in respect of the Loans from continuing to hold or vote such previously acquired assignments and participations on the terms set
forth herein for Lenders that are not Disqualified Lenders (it being understood and agreed that such prohibitions with respect
to Disqualified Lenders shall apply to any potential future assignments or participations to any such parties). The schedule of
Disqualified Lenders shall be maintained with the Administrative Agent and may be communicated to a Lender upon request to the
Administrative Agent (with concurrent notice to the Borrower) but shall not otherwise be posted or made available to Lenders.

 

“Distribution
Asset Transferee” means the Person or Persons holding the assets disposed of pursuant to any Permitted Distribution Business
Disposition.

 

“Dividing Person”
has the meaning assigned to it in the definition of “Division.”

 

“Division”
means the division of the assets, liabilities and/or obligations of a Person (the “Dividing Person”) among two or more
Persons (whether pursuant to a “plan of division” or similar arrangement), which may or may not include the Dividing
Person and pursuant to which the Dividing Person may or may not survive.

 

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

 

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

 

“ECF
Percentage” has the meaning specified in Section 2.05(b)(i).

 

“EEA Financial
Institution” means (a) any credit institution or investment firm established in any EEA Member Country which is subject
to the supervision of an EEA Resolution Authority, (b) any entity established in an EEA Member Country which is a parent of an
institution described in clause (a) of this definition, or (c) any financial institution established in an EEA Member Country
which is a subsidiary of an institution described in clauses (a) or (b) of this definition and is subject to consolidated
supervision with its parent;

 

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

 

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

 

“Effective Yield”
means, with respect to any Indebtedness, as of any date of determination, the sum of (i) the higher of (A) the Eurocurrency Rate
(or other applicable similar rate) on such date for a deposit in Dollars with a maturity of one month and (B) the Eurocurrency
rate “floor,” if any, with respect thereto as of such date, (ii) the Applicable Rate (or other applicable margin) as
of such date for Eurocurrency Rate Loans (or other loans that accrue interest by reference to a similar reference rate) and (iii)
the amount of original issue discount and upfront fees thereon (converted to yield assuming a four-year average life and without
any present value discount), but excluding the effect of any arrangement, commitment, structuring, underwriting, ticking, unused
line, amendment, syndication and/or other fees payable in connection therewith that are not shared generally with all lenders or
holders of such Indebtedness; provided that the amounts set forth in clauses (i) and (ii) above for any term
loans that are not incurred under this Agreement shall be based on the stated interest rate basis for such term loans.

 

    -25-

     

    

 

“Eligible
Assignee” means any Assignee permitted by and consented to in accordance with Section 10.07(b).

 

“EMU Legislation”
means the legislative measures of the European Council for the introduction of, changeover to or operation of a single or unified
European currency.

 

“Engagement
Letter” means the Amended and Restated Engagement Letter dated October 31, 2017, by and among the Borrower, Bank of America
and Merrill Lynch, Pierce, Fenner & Smith Incorporated, Goldman Sachs Bank USA, Manufacturers and Traders Trust Company and
PNC Capital Markets LLC, and as otherwise amended, supplemented or modified from time to time.

 

“Environment”
means ambient air, indoor or outdoor air, surface water, groundwater, drinking water, soil, surface and subsurface strata, and
natural resources such as wetlands, flora and fauna.

 

“Environmental
Laws” means any and all applicable Laws relating to pollution, protection of the Environment or to the generation, transport,
storage, use, treatment, handling, disposal, Release or threat of Release of any Hazardous Materials or, to the extent relating
to exposure to Hazardous Materials, human health or safety.

 

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

 

“Equity Interests”
means, with respect to any Person, all of the shares, interests, rights, participations or other equivalents (however designated)
of capital stock of (or other ownership or profit interests or units in) such Person and all of the warrants, options or other
rights for the purchase, acquisition or exchange from such Person of any of the foregoing (including through convertible securities).

 

“ERISA”
means the Employee Retirement Income Security Act of 1974, as amended from time to time, and the rules and regulations promulgated
thereunder.

 

“ERISA Affiliate”
means any trade or business (whether or not incorporated) that is under common control with any Loan Party and is treated as a
single employer within the meaning of Section 414 of the Code or Section 4001 of ERISA.

 

    -26-

     

    

 

 

“ERISA Event”
means (a) a Reportable Event with respect to a Pension Plan; (b) a withdrawal by any Loan Party or any ERISA Affiliate from a Pension
Plan subject to Section 4063 of ERISA during a plan year in which it was a substantial employer (as defined in Section 4001(a)(2)
of ERISA) or a cessation of operations that is treated as such a withdrawal under Section 4062(e) of ERISA; (c) a failure to satisfy
the minimum funding standard under Section 412 of the Code or Section 302 of ERISA with respect to a Pension Plan, whether or not
waived, or a failure to make any required contribution to a Multiemployer Plan; (d) a complete or partial withdrawal by any Loan
Party or any ERISA Affiliate from a Multiemployer Plan, notification of any Loan Party or ERISA Affiliate concerning the imposition
of Withdrawal Liability or notification that a Multiemployer Plan is insolvent within the meaning of Title IV of ERISA or in endangered
status or critical status, within the meaning of Section 305 of ERISA; (e) the filing of a notice of intent to terminate, the treatment
of a Pension Plan or Multiemployer Plan amendment as a termination under Section 4041 or 4041A of ERISA, or the commencement of
proceedings by the PBGC to terminate a Pension Plan or Multiemployer Plan; (f) an event or condition which constitutes grounds
under Section 4042 of ERISA for the termination of, or the appointment of a trustee to administer, any Pension Plan or Multiemployer
Plan; (g) the imposition of any liability under Title IV of ERISA, other than for PBGC premiums due but not delinquent under Section
4007 of ERISA, upon any Loan Party or any ERISA Affiliate; (h) a determination that any Pension Plan is, or is expected to be,
in “at-risk” status (within the meaning of Section 303(i)(4)(A) of ERISA or Section 430(i)(4)(A) of the Code); or (i)
the occurrence of a non-exempt prohibited transaction with respect to any Pension Plan maintained or contributed to by any Loan
Party (within the meaning of Section 4975 of the Code or Section 406 of ERISA) which could result in liability to any Loan
Party.

 

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

 

“Euro”,
 “EUR” and “€” mean the lawful currency of the Participating Member States introduced
in accordance with the EMU Legislation.

 

“Eurocurrency
Rate” means:

 

(A)       Subject
to Section 1.10, for any Credit Extension, for any Interest Period with respect to any Eurocurrency Rate Loan denominated in Dollars,
the rate per annum equal to the London Interbank Offered Rate (“LIBOR”) or a comparable or successor rate which
rate is approved by the Administrative Agent, as published on the applicable Bloomberg screen page (or such other commercially
available source providing such quotations as may be designated by the Administrative Agent from time to time) at approximately
11:00 a.m., London time, on the relevant Quotation Date, for deposits in the relevant currency (for delivery on the first day of
such Interest Period) with a term equivalent to such Interest Period; and

 

(B)       for
any calculation of the Base Rate on any date by reference to the Eurocurrency Rate, the rate per annum equal to LIBOR, at or about
11:00 a.m., London time determined two Business Days prior to such date for U.S. Dollar deposits with a term of one month commencing
that day.

 

Notwithstanding any provision to the contrary
in this Agreement, the applicable Eurocurrency Rate in respect of the Term Loans shall at no time be less than 0.00% per annum.

 

“Eurocurrency
Rate Loan” means a Loan that bears interest at a rate based on the Eurocurrency Rate.

 

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

 

    -27-

     

    

 

“Excess Cash
Flow” means, for any period, an amount equal to the excess of:

 

(a)       the
sum, without duplication, of:

 

(i)        Consolidated
Net Income for such period;

 

(ii)       an
amount equal to the amount of all non-cash charges (including depreciation and amortization) to the extent deducted in arriving
at such Consolidated Net Income;

 

(iii)      decreases
in Consolidated Working Capital for such period (other than any such decreases arising from acquisitions by the Parents, the Borrower
and the Restricted Subsidiaries completed during such period or the application of purchase accounting);

 

(iv)      an
amount equal to the aggregate net non-cash loss on Dispositions by the Parents, the Borrower and the Restricted Subsidiaries
during such period (other than Dispositions in the ordinary course of business) to the extent deducted in arriving at such Consolidated
Net Income; and

 

(v)       cash
receipts in respect of Swap Contracts during such period to the extent not otherwise included in Consolidated Net Income; over

 

(b)       the
sum, without duplication, of:

 

(i)        an
amount equal to the amount of all non-cash credits included in arriving at such Consolidated Net Income and cash charges (including
interest) to the extent included in arriving at such Consolidated Net Income;

 

(ii)       without
duplication of amounts deducted pursuant to clause (xi) below in prior fiscal years, the
amount of Capital Expenditures or acquisitions made in cash during such period, except to the extent that such Capital Expenditures
or acquisitions were financed with the proceeds of an incurrence or issuance of Indebtedness of the Parents, the Borrower or the
Restricted Subsidiaries (other than revolving loans);

 

(ii)       [reserved];

 

(iii)       the
aggregate amount of all principal payments of Indebtedness of the Parents, the Borrower and the Restricted Subsidiaries
(including (A) payments of the principal component of Capitalized Lease Obligations and (B) the amount of repayments of Term Loans
pursuant to Section 2.07 and any mandatory prepayment of Term Loans pursuant to Section 2.05(b) to the extent required
due to a Disposition that resulted in an increase to such Consolidated Net Income and not in excess of the amount of such increase
but excluding (X) all other prepayments of Term Loans, (Y) all prepayments under the ABL Facility and (Z) all prepayments in respect
of any other revolving credit facility) made during such period, except to the extent financed with the proceeds of an incurrence
or issuance of other Indebtedness (other than revolving loans) of the Parents, the Borrower or the Restricted Subsidiaries;

 

(iv)       an
amount equal to the aggregate net non-cash gain on Dispositions by the Parents, the Borrower and the Restricted Subsidiaries
during such period (other than Dispositions in the ordinary course of business) to the extent included in arriving at such Consolidated
Net Income;

 

    -28-

     

    

 

(v)       increases
in Consolidated Working Capital for such period (other than any such increases arising from acquisitions by the Parents, the Borrower
and the Restricted Subsidiaries completed during such period or the application of purchase accounting);

 

(vi)      cash
payments by the Parents, the Borrower and the Restricted Subsidiaries during such period in respect of long-term liabilities
of the Parents, the Borrower and the Restricted Subsidiaries other than Indebtedness (including such Indebtedness specified in
clause (b)(iii) above);

 

(vii)     without
duplication of amounts deducted pursuant to clause (xi) below in prior periods, the amount
of Investments and acquisitions made during such period pursuant to  Section 7.02 (other
than  Section 7.02(a),  (d),  (n)
and  (z)) except to the extent that such Investments and acquisitions were financed
with the proceeds of an incurrence or issuance of Indebtedness of the Parents, the Borrower or the Restricted Subsidiaries (other
than revolving loans);

 

(viii)    the
amount of Restricted Payments paid during such period pursuant to  Section 7.06 (other
than  Section 7.06(a) (solely in respect of amounts paid to a Parent, the Borrower or
a Restricted Subsidiary),  (b),  (k) and (r))
except to the extent that such Restricted Payments were financed with the proceeds of an incurrence or issuance of Indebtedness
of the Parents, the Borrower or the Restricted Subsidiaries (other than revolving loans);

 

(vii)     [reserved];

 

(viii)    [reserved];

 

(ix)      the
aggregate amount of any premium, make-whole or penalty payments actually paid in cash by the Parents, the Borrower and the
Restricted Subsidiaries during such period that are required to be made in connection with any prepayment of Indebtedness except
to the extent that such amounts were financed with the proceeds of an incurrence or issuance of Indebtedness of the Parents, the
Borrower or the Restricted Subsidiaries (other than revolving loans);

 

(x)       the
aggregate amount of expenditures actually made by the Parents, the Borrower and the Restricted Subsidiaries in cash during
such period (including expenditures for the payment of financing fees) to the extent that such expenditures are not expensed during
such period and were not financed with the proceeds of an incurrence or issuance of Indebtedness of the Parents, the Borrower or
the Restricted Subsidiaries (other than revolving loans);

 

(xi)       without
duplication of amounts deducted from Excess Cash Flow in prior periods, the aggregate consideration required to be paid in cash
by any Parent, the Borrower or any Restricted Subsidiary pursuant to binding contracts
(the “Contract Consideration”) entered into
prior to or during such period relating to Permitted Acquisitions, Capital Expenditures or acquisitions to be consummated or made
during the period of four consecutive fiscal quarters of the Borrower following the end of such period except to the extent intended
to be financed with the proceeds of an incurrence or issuance of other Indebtedness of the Parents, the Borrower or the Restricted
Subsidiaries (other than revolving loans); provided that to the extent the aggregate amount
utilized to finance such Permitted Acquisitions, Capital Expenditures or acquisitions during such period of four consecutive fiscal
quarters is less than the Contract Consideration, the amount of such shortfall, shall be added to the calculation of Excess Cash
Flow at the end of such period of four consecutive fiscal quarters;

 

    -29-

     

    

 

(xi)      [reserved];

 

(xii)     the
amount of cash Taxes (including penalties and interest) paid or tax reserves set aside or payable (without duplication) in such
period to the extent they exceed the amount of tax expense deducted in determining Consolidated Net Income for such period; and

 

(xiii)    cash
expenditures in respect of Swap Contracts during such fiscal year to the extent not deducted in arriving at such Consolidated Net
Income.

 

“Excess
Cash Flow Prepayment Amount” has the meaning specified in Section 2.05(b)(i).

 

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

 

“Excluded
Contribution Amount” means the aggregate amount of cash or Cash Equivalents received by any Parent (other than
from any of the Restricted Subsidiaries or the Borrower) after the Closing Date from capital contributions, minus the aggregate
amount of (i) any Investments made pursuant to Section 7.02(n)(ii) (net of any return of capital in respect of such Investment
or deemed reduction in the amount of such Investment), (ii) any Restricted Payment made pursuant to Section 7.06(k)(ii) and (iii)
any payments made pursuant to Section 7.08(a)(iii)(C), in each case made during the period commencing on the Closing Date through
and including the date of usage of such Excluded Contribution Amount in reliance thereon (without taking account of the intended
usage of the Excluded Contribution Amount as of such date), designated as an Excluded Contribution Amount pursuant to a certificate
of a Responsible Officer on or promptly after the date on which the relevant capital contribution is made or the relevant proceeds
are received, as the case may be, and which are excluded from the calculation of the Available Amount.

 

“Excluded
Equity” means Equity Interests (i) of any Unrestricted Subsidiary, (ii) of any Subsidiary acquired pursuant to a Permitted
Acquisition financed with Indebtedness permitted pursuant to Section 7.03(v) if such Equity Interests are pledged
and/or mortgaged as security for such Indebtedness and if and for so long as the terms of such Indebtedness prohibit the creation
of any other Lien on such Equity Interests (and which prohibition was not created in contemplation of such Permitted Acquisition),
(iii) of any Foreign Subsidiary (in each case other than any Guarantor designated as such pursuant to the definition of “Guarantor”),
in each case of any Parent or a Domestic Subsidiary of any Parent and not otherwise constituting Excluded Equity, in excess of
65% of the issued and outstanding Equity Interests of each such Foreign Subsidiary (and of any subsidiary of such Foreign Subsidiary),
(iv) of any Subsidiary with respect to which the Administrative Agent and the Borrower have determined in their reasonable judgment
and agreed in writing that the costs of providing a pledge of such Equity Interests or perfection thereof is excessive in view
of the benefits to be obtained by the Secured Parties therefrom, (v) of any captive insurance companies, not-for-profit Subsidiaries,
special purpose entities (including any entity used to effect a Permitted Receivables Financing), (vi) of any non-Wholly Owned
Restricted Subsidiary; and (vii) of any Subsidiary outside the United States (other than any Guarantor designated as such
pursuant to the definition of “Guarantor”) the pledge of which is prohibited by applicable Laws or which would reasonably
be expected to result in a violation or breach of, or conflict with, fiduciary duties of such Subsidiary’s officers, directors
or managers.

 

    -30-

     

    

 

“Excluded
Property” means (i) any fee-owned real property and any leasehold interests in real property (it being understood that
no action shall be required with respect to creation or perfection of security interests with respect to such leases, including
to obtain landlord waivers, estoppels or collateral access letters), (ii) (A) motor vehicles and other assets subject to certificates
of title to the extent a Lien thereon cannot be perfected by the filing of a UCC financing statement, (B) letter of credit rights
to the extent a Lien thereon cannot be perfected by the filing of a UCC financing statement and (C) commercial tort claims, (iii)
assets for so long as a pledge thereof or a security interest therein is prohibited by applicable Laws, (iv) margin stock, (v)
(x) any cash, deposit accounts and securities accounts (including securities entitlements and related assets) (it being understood
that this exclusion shall not affect the grant of the Lien on proceeds of Collateral and all proceeds of Collateral shall be Collateral),
unless the foregoing constitutes ABL Priority Collateral in which case the foregoing shall not constitute Excluded Property until
such time that it no longer constitutes ABL Priority Collateral and (y) the Inventure Account
and any cash therein,[reserved], (vi) any
lease, license or other agreements, or any property subject to a purchase money security interest, Capitalized Lease Obligation
or similar arrangements, in each case to the extent permitted under the Loan Documents, to the extent that a pledge thereof or
a security interest therein would violate or invalidate such lease, license or agreement, purchase money, Capitalized Lease or
similar arrangement, or create a right of termination in favor of any other party thereto (other than the Borrower or a
Guarantor) after giving effect to the applicable anti-assignment clauses of the Uniform Commercial Code and applicable Laws, other
than the proceeds and receivables thereof the assignment of which is expressly deemed effective under applicable Laws notwithstanding
such prohibition, (vii) assets for which a pledge thereof or a security interest therein would result in a material adverse tax
consequence as reasonably determined by the Borrower (in consultation with (but without the consent of) the Administrative Agent)
(provided that nothing in this clause (vii) shall limit the pledge of assets by any Foreign Subsidiary that is designated
a Guarantor pursuant to the definition of “Guarantor” without the Administrative Agent’s consent), (viii) assets
for which the Administrative Agent and the Borrower have determined in their reasonable judgment and agree in writing that the
cost of creating or perfecting such pledges or security interests therein would be excessive in view of the benefits to be obtained
by the Lenders therefrom, (ix) any intent-to-use trademark application in the United States prior to the filing of a “Statement
of Use” or “Amendment to Allege Use” with respect thereto, to the extent, if any, that, and solely during the
period, if any, in which, the grant, attachment, or enforcement of a security interest therein would impair the validity or enforceability
of such intent-to-use trademark application under applicable Federal law and (x) Excluded Equity.

 

“Excluded
Subsidiary” means (a) each Subsidiary listed on Schedule 1.01C hereto, (b) any Subsidiary that
is prohibited by applicable Law or by any contractual obligation existing on the Closing Date (or, if later, the date such Subsidiary
first becomes a Subsidiary) from guaranteeing the Obligations (and in the case of such contractual obligation, not entered into
in contemplation of the acquisition of such Subsidiary) or which would require governmental (including regulatory) consent, approval,
license or authorization to provide a Guarantee unless such consent, approval, license or authorization has been received, (c)
any Restricted Subsidiary acquired pursuant to a Permitted Acquisition that, at the time of such Permitted Acquisition, has assumed
secured Indebtedness not incurred in contemplation of such Permitted Acquisition and each Restricted Subsidiary that is a Subsidiary
thereof that guarantees such Indebtedness to the extent such secured Indebtedness prohibits such Subsidiary from becoming a Guarantor
(provided that each such Restricted Subsidiary shall cease to be an Excluded Subsidiary under this clause (c) if
such secured Indebtedness is repaid or becomes unsecured, if such Restricted Subsidiary ceases to be an obligor with respect to
such secured Indebtedness or such prohibition no longer exists, as applicable), (d) any Immaterial Subsidiary or Unrestricted Subsidiary,
(e) captive insurance companies, (f) not-for-profit Subsidiaries, (g) special purpose entities, (h) any non-Wholly Owned Subsidiary,
(i) any Foreign Subsidiary, (j) any Subsidiary of a Foreign Subsidiary and (k) any other Subsidiary with respect to which, in the
reasonable judgment of the Administrative Agent (confirmed in writing by notice to the Borrower), the cost or other consequences
(including any adverse tax consequences) of providing a Guarantee shall be excessive in view of the benefits to be obtained by
the Lenders therefrom; in each case of this definition, unless such Subsidiary is designated by the Borrower as a Guarantor pursuant
to the definition of “Guarantors”.

 

    -31-

     

    

 

“Excluded
Taxes” means, with respect to any Recipient of any payment to be made by or on account of any obligation of the Borrower
hereunder, (a) Taxes imposed on or measured by net income (however denominated), franchise Taxes, and branch profits Taxes, in
each case, (i) imposed by the jurisdiction under the laws of which such Recipient is organized or in which its principal office
is located or, in the case of any Lender, in which its applicable lending office is located or (ii) that are Other Connection Taxes,
(b) any branch profit Tax or any similar Tax that is imposed by any jurisdiction described in clause (a) above, (c) in the case
of a Lender (other than an assignee pursuant to a request by the Borrower), any United States federal withholding Tax that is in
effect and would apply to amounts payable hereunder to such Lender at the time such Lender becomes a party to this Agreement (or
designates a new lending office), except to the extent that such Lender (or its assignor, if any) was entitled, at the time of
designation of a new lending office (or assignment), to receive additional amounts from the Borrower with respect to any United
States federal withholding Tax pursuant to Section 3.01, (d) Taxes attributable to such Recipient’s failure
to comply with Section 3.01(f) and (e) any United States federal withholding Tax imposed pursuant to FATCA.

 

“Existing Credit
Agreement” has the meaning specified in the preliminary statements to this Agreement.

 

“Extended
Term Loans” has the meaning specified in Section 2.15(a).

 

“Extending
Lender” has the meaning specified in Section 2.15(a).

 

“Extension”
has the meaning specified in Section 2.15(a).

 

“Extension
Offer” has the meaning specified in Section 2.15(a).

 

“Facility”
means a Class of Term Loans.

 

“FATCA”
means current Sections 1471 through 1474 of the Code (and any amended or successor version that is substantively comparable) or
any current or future Treasury regulations with respect thereto or other official administrative interpretations thereof, any agreements
entered into pursuant to current Section 1471(b)(1) of the Code (or any amended or successor version described above) and any intergovernmental
agreements entered into to implement or further the collection of Taxes imposed pursuant to the foregoing (together with any Law
implementing such agreements).

 

“FCPA”
means the United States Foreign Corrupt Practices Act of 1977, as amended.

 

“Federal Funds
Rate” means, for any day, the rate per annum equal to the weighted average of the rates on overnight federal funds transactions
with members of the Federal Reserve System, as published by the Federal Reserve Bank of New York on the Business Day next succeeding
such day; provided that (a) if such day is not a Business Day, the Federal Funds Rate for such day shall be such rate on
such transactions on the next preceding Business Day as so published on the next succeeding Business Day, and (b) if no such rate
is so published on such next succeeding Business Day, the Federal Funds Rate for such day shall be the average rate (rounded upward,
if necessary, to a whole multiple of 1/100 of 1%) charged to Bank of America on such day on such transactions determined by the
Administrative Agent. If the Federal Funds Rate is less than zero, it shall be deemed to be zero hereunder.

 

    -32-

     

    

 

“First Amendment
Effective Date” means July 23, 2020.

 

“First Lien
Senior Secured Leverage Ratio” means, with respect to any Test Period, the ratio of (a) Consolidated Total Debt secured
by the Collateral on a pari passu basis with the Facility, plus, the principal amount of ABL Obligations, as of the last
day of such Test Period to (b) Consolidated EBITDA of the Parents, the Borrower and the Restricted Subsidiaries for such Test Period.

 

“Fitch”
means Fitch Ratings Ltd. and any successor to its rating agency business.

 

“Fixed
Amounts” has the meaning specified in Section 1.09(b).

 

“Foreign Holding
Company” means any Subsidiary that owns no material assets (directly or through one or more disregarded entities) other
than capital stock or Indebtedness of one or more “controlled foreign corporations” (within the meaning of the Code)
and/or Foreign Holding Companies and cash or Cash Equivalents.

 

“Foreign
Plan” means any employee benefit plan, program, policy, arrangement or agreement maintained or contributed to or by,
or entered into with, any Parent, the Borrower or any Restricted Subsidiary with respect to employees outside the United
States.

 

“Foreign Subsidiary”
means any direct or indirect Subsidiary of any Parent which is not a Domestic Subsidiary.

 

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

 

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

 

“Funded
Debt” means all Indebtedness of the Parents, the Borrower and the Restricted Subsidiaries for borrowed money that
matures more than one year from the date of its creation or matures within one year from such date that is renewable or extendable,
at the option of such Person, to a date more than one year from such date or arises under a revolving credit or similar agreement
that obligates the lender or lenders to extend credit during a period of more than one year from such date, including Indebtedness
in respect of the Loans.

 

“GAAP”
means generally accepted accounting principles in the United States, as in effect from time to time; provided that (A) if
the Borrower notifies the Administrative Agent that the Borrower requests an amendment to any provision hereof to eliminate
the effect of any change occurring after the Closing Date in GAAP or in the application thereof on the operation of such provision
(or if the Administrative Agent notifies the Borrower that the Required Lenders request an amendment to any provision hereof for
such purpose), regardless of whether any such notice is given before or after such change in GAAP or in the application thereof,
then such provision shall be interpreted on the basis of GAAP as in effect and applied immediately before such change shall have
become effective until such notice shall have been withdrawn or such provision amended in accordance herewith, (B) at any
time after the Closing Date, the Borrower may elect, upon notice to the Administrative Agent, to apply IFRS accounting principles
in lieu of GAAP and, upon any such election, references herein to GAAP shall thereafter be construed to mean IFRS (except as otherwise
provided herein), including as to the ability of the Borrower or the Required Lenders to make an election pursuant to clause
(A) of this proviso, (C) any election made pursuant to clause (B) of this proviso, once made, shall be irrevocable,
(D) any calculation or determination in this Agreement that requires the application of GAAP for periods that include fiscal quarters
ended prior to the Borrower’s election to apply IFRS shall remain as previously calculated or determined in accordance with
GAAP and (E) the Borrower may only make an election pursuant to clause (B) of this proviso if it also elects to report any
subsequent financial reports required to be made by the Borrower, including pursuant to Sections 6.01(a) and (b),
in IFRS.

 

    -33-

     

    

 

“GAAP Consolidated
Members” means with respect to any Person, all other Persons including its Subsidiaries that are required to be Consolidated
with such Person in accordance with GAAP. Unless otherwise specified herein, the GAAP Consolidated Members with respect to the
Borrower shall mean: (a) UM-U Parent and its Subsidiaries, (b) UM-R Parent and its Subsidiaries, and (c) SRS Leasing Parent and
its Subsidiaries.

 

“Golden
Flake Acquisition” means the acquisition of Golden Enterprises, Inc., a Delaware corporation directly or indirectly
by the Borrower.

 

“Governmental
Authority” means any nation or government, any state, provincial, country, territorial or other political subdivision
thereof, any agency, authority, instrumentality, regulatory body, court, administrative tribunal, central bank or other entity
exercising executive, legislative, judicial, taxing, regulatory or administrative powers or functions of or pertaining to government
(including any supra-national bodies such as the European Union or the European Central Bank).

 

“Granting
Lender” has the meaning specified in Section 10.07(h).

 

“Guarantee Obligations”
means, as to any Person, without duplication, (a) any obligation, contingent or otherwise, of such Person guaranteeing or having
the economic effect of guaranteeing any Indebtedness or other monetary obligation payable or performable by another Person (the
 “primary obligor”) in any manner, whether directly or indirectly, and including any obligation of such Person,
direct or indirect, (i) to purchase or pay (or advance or supply funds for the purchase or payment of) such Indebtedness or other
monetary obligation, (ii) to purchase or lease property, securities or services for the purpose of assuring the obligee in respect
of such Indebtedness or other monetary obligation of the payment or performance of such Indebtedness or other monetary obligation,
(iii) to maintain working capital, equity capital or any other financial statement condition or liquidity or level of income or
cash flow of the primary obligor so as to enable the primary obligor to pay such Indebtedness or other monetary obligation or (iv)
entered into for the purpose of assuring in any other manner the obligee in respect of such Indebtedness or other monetary obligation
of the payment or performance thereof or to protect such obligee against loss in respect thereof (in whole or in part) or (b) any
Lien on any assets of such Person securing any Indebtedness or other monetary obligation of any other Person, whether or not such
Indebtedness or other monetary obligation is assumed by such Person (or any right, contingent or otherwise, of any holder of such
Indebtedness to obtain any such Lien); provided that the term “Guarantee Obligations” shall not include endorsements
for collection or deposit, in either case in the ordinary course of business, or customary and reasonable indemnity obligations
in effect on the Closing Date or entered into in connection with any acquisition or disposition of assets permitted under this
Agreement (other than such obligations with respect to Indebtedness). The amount of any Guarantee Obligation shall be deemed to
be an amount equal to the stated or determinable amount of the related primary obligation, or portion thereof, in respect of which
such Guarantee Obligation is made or, if not stated or determinable, the maximum reasonably anticipated liability in respect thereof
as determined by the guaranteeing Person in good faith.

 

“Guarantees”
has the meaning specified in the definition of “Collateral and Guarantee Requirement.”

 

    -34-

     

    

 

“Guarantors”
has the meaning specified in the definition of “Collateral and Guarantee Requirement.” For avoidance of doubt, the
Borrower in its sole discretion may cause any Restricted Subsidiary that is not a Guarantor to Guarantee the Obligations by causing
such Restricted Subsidiary to execute and deliver to the Administrative Agent a Guaranty Supplement (as defined in the Guaranty),
and any such Restricted Subsidiary shall thereafter be a Guarantor, Loan Party and Subsidiary Guarantor hereunder for all purposes;
provided that if such Restricted Subsidiary is not organized in the United States, (i) the jurisdiction of organization
of such Restricted Subsidiary shall be reasonably satisfactory to the Collateral Agent if acting as Collateral Agent or entering
into Loan Documents with Subsidiaries in such jurisdiction is prohibited by applicable Law or would expose the Collateral Agent,
in its capacity as such, to material additional liabilities and (ii) such Restricted Subsidiary shall have complied with the Collateral
and Guarantee Requirement prior to the becoming a Guarantor.

 

“Guaranty”
means, collectively, (a) the Guaranty substantially in the form of Exhibit F and (b) each other guaranty and guaranty
supplement delivered pursuant to Section 6.10.

 

“Hazardous Materials”
means all hazardous, toxic, explosive or radioactive substances or wastes, and all other chemicals, pollutants, contaminants, substances
or wastes of any nature regulated pursuant to any Law relating to the Environment because of their hazardous, toxic, dangerous
or deleterious characteristics or properties, including petroleum or petroleum distillates, asbestos or asbestos-containing materials,
polychlorinated biphenyls, radon gas and toxic mold.

 

“IFRS”
means International Financial Reporting Standards as adopted in the European Union.

 

“Immaterial
Subsidiary” means, at any date of determination, each Restricted Subsidiary that has been designated by the Borrower
in writing to the Administrative Agent as an “Immaterial Subsidiary” for purposes of this Agreement (and not redesignated
as a Material Subsidiary as provided below), provided that (a) for purposes of this Agreement, at no time shall (i) the
total assets of all Immaterial Subsidiaries at the last day of the most recent Test Period equal or exceed 5% of the total assets
of the Parents, the Borrower and the Restricted Subsidiaries at such date or (ii) the gross revenues for such Test Period of all
Immaterial Subsidiaries equal or exceed 5% of the consolidated gross revenues of the Parents, the Borrower and the Restricted Subsidiaries
for such period, in each case determined on a consolidated basis in accordance with GAAP, (b) the Borrower shall not designate
any new Immaterial Subsidiary if such designation would not comply with the provisions set forth in clause (a) above, (c)
if the total assets or gross revenues of all Restricted Subsidiaries so designated by the Borrower as “Immaterial Subsidiaries”
(and not redesignated as “Material Subsidiaries”) shall at any time exceed the limits set forth in clause (a)
above, then all such Restricted Subsidiaries shall be deemed to be Material Subsidiaries unless and until the Borrower shall redesignate
one or more Immaterial Subsidiaries as Material Subsidiaries, in each case in a written notice to the Administrative Agent, and,
as a result thereof, the total assets and gross revenues of all Restricted Subsidiaries still designated as “Immaterial Subsidiaries”
do not exceed such limits and (d) the Borrower shall not designate any Subsidiary as an Immaterial Subsidiary if such Subsidiary
owns Material Real Property; provided, further, that the Borrower may designate and re-designate a Restricted Subsidiary
as an Immaterial Subsidiary at any time, subject to the terms set forth in this definition.

 

“Incremental
Facilities” has the meaning specified in Section 2.14(a).

 

“Incremental
Facility Amendment” has the meaning specified in Section 2.14(d).

 

“Incremental
Facility Closing Date” has the meaning specified in Section 2.14(e).

 

“Incremental
Incurrence Test” has the meaning specified in Section 2.14(a).

 

    -35-

     

    

 

“Incremental
Term Loans” has the meaning specified in Section 2.14(a).

 

“Incurrence
Based Amounts” has the meaning specified in Section 1.09(b).

 

“Indebtedness”
means, as to any Person at a particular time, without duplication, all of the following, whether or not included as indebtedness
or liabilities in accordance with GAAP:

 

(a)         all
obligations of such Person for borrowed money and all obligations of such Person evidenced by bonds, debentures, notes, loan agreements
or other similar instruments;

 

(b)        the
maximum amount (after giving effect to any prior drawings or reductions which may have been reimbursed) of all letters of credit
(including standby and commercial), banker’s acceptances, bank guaranties, surety bonds, performance bonds and similar instruments
issued or created by or for the account of such Person;

 

(c)         net
obligations of such Person under any Swap Contract;

 

(d)        all
obligations of such Person to pay the deferred purchase price of property or services (other than (i) trade accounts payable in
the ordinary course of business and (ii) any earn-out obligation until such obligation becomes a liability on the balance sheet
of such Person in accordance with GAAP and if not paid within thirty (30) days after becoming due and payable);

 

(e)         indebtedness
(excluding prepaid interest thereon) secured by a Lien on property owned or being purchased by such Person (including indebtedness
arising under conditional sales or other title retention agreements and mortgage, industrial revenue bond, industrial development
bond and similar financings), whether or not such indebtedness shall have been assumed by such Person or is limited in recourse;

 

(f)         all
Attributable Indebtedness;

 

(g)        all
obligations of such Person in respect of Disqualified Equity Interests; and

 

(h)        all
Guarantee Obligations of such Person in respect of any of the foregoing.

 

For
all purposes hereof, the Indebtedness of any Person shall (A) include the Indebtedness of any partnership or joint venture (other
than a joint venture that is itself a corporation, company, or limited liability company) in which such Person is a general partner
or a joint venturer, except to the extent such Person’s liability for such Indebtedness is otherwise limited and only to
the extent such Indebtedness would be included in the calculation of Consolidated Total Debt and (B) in the case of the Parents,
the Borrower and the Restricted Subsidiaries, exclude all intercompany Indebtedness having a term not exceeding 364 days
(inclusive of any roll-over or extensions of terms) and made in the ordinary course of business consistent with past practice.
The amount of any net obligation under any Swap Contract on any date shall be deemed to be the Swap Termination Value thereof as
of such date. The amount of Indebtedness of any Person for purposes of clause (e) shall be deemed to be equal to the lesser
of (i) the aggregate unpaid amount of such Indebtedness and (ii) the fair market value of the property encumbered thereby as determined
by such Person in good faith.

 

“Indemnified
Liabilities” has the meaning specified in Section 10.05.

 

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

 

    -36-

     

    

 

 

 

 

“Indemnitees”
has the meaning specified in Section 10.05.

 

“Information”
has the meaning specified in Section 10.08.

 

“Initial
Term Commitment” means, as to each Initial Term Lender, its obligation to make an Initial Term Loan to the Borrower
pursuant to Section 2.01 in an aggregate principal amount not to exceed the amount set forth opposite such
Lender’s name on each of Schedule 2.01 and Schedule 2 to the Second Amendment under the caption “Initial2021
Refinancing Term Commitment” or “2021
Incremental Term Commitment”, respectively, or in the Assignment and Assumption pursuant to which such
Initial Term Lender becomes a party hereto, as applicable, as such amount may be adjusted from time to time in accordance
with this Agreement. The initial aggregate amount of the Initial Term Commitments is
$535as of the Second Amendment Effective Date
is $720,000,000.

 

“Initial Term
Lender” means, at any time, any Lender that has an Initial Term Commitment or an Initial Term Loan at such time. For
the avoidance of doubt, from and after the Second Amendment Effective Date, each 2021 New Term Lender shall constitute an Initial
Term Lender for all purposes hereunder.

 

“Initial
Term Loan” means a Loan made pursuant to Section 2.01. For
the avoidance of doubt, from and after the Second Amendment Effective Date, 2021 New Term Loans shall constitute Initial Term Loans
for all purposes hereunder.

 

“Inside
Maturity Debt” means, with respect to any Incremental Term Loans, Permitted Alternative Incremental Facilities Debt, Refinancing
Term Loans, Indebtedness permitted pursuant to Section 7.03(r), Indebtedness permitted pursuant to Section 7.03(w) and any Permitted
Refinancing in respect of the foregoing, an aggregate principal amount not to exceed the greater of (x) $202 million and (y) 100%
of Consolidated EBITDA as of the most recently ended Test Period at any time outstanding.

 

“Interest Charges”
means, with respect to any Person for any period, the sum of (a) Consolidated Interest Expense of such Person for such period;
plus (b) all cash dividend payments (excluding items eliminated in consolidation) on any series of Disqualified Equity Interests
of such Person or any Restricted Subsidiary of such Person made during such period.

 

“Interest Payment
Date” means (a) as to any Loan other than a Base Rate Loan, the last day of each Interest Period applicable to such Loan
and the Maturity Date of the Facility under which such Loan was made; provided that if any Interest Period for a Eurocurrency
Rate Loan exceeds three months, the respective dates that fall every three months after the beginning of such Interest Period shall
also be Interest Payment Dates; and (b) as to any Base Rate Loan, the last Business Day of each March, June, September and December
and the Maturity Date of the Facility under which such Loan was made.

 

“Interest
Period” means, as to each Eurocurrency Rate Loan, the period commencing on the date such Loan is disbursed or converted
to or continued as a Eurocurrency Rate Loan and ending on the date one, two, three or six months thereafter, or to the extent agreed
to by each Lender of such Eurocurrency Rate Loan and the Administrative Agent, twelve months or any other period thereafter as
selected by the Borrower in its Committed Loan Notice; provided that:

 

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

 

    -37-

     

    

 

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

 

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

 

Notwithstanding the foregoing,
the Borrower may select an initial Interest Period for the Initial Term Loans ending on the date that is no more than three (3)
months after the Closing Date that is, subject to clause (a) of the definition of “Interest Period,” the next
succeeding December 31, March 31, June 30 or September 30 following the Closing Date.

 

“Intermediate
Holding Company” means any Wholly Owned Subsidiary of a Parent that directly or indirectly through another Intermediate
Holding Company, owns 100% of the issued and outstanding Equity Interests of the Borrower.

 

“Inventure
Acquisition” means the acquisition of Inventure Foods, Inc., a Delaware corporation, directly or indirectly
by the Borrower pursuant to the Inventure Acquisition Agreement.

 

“Inventure
Acquisition Agreement” means that certain Agreement and Plan of Merger dated as of October 25, 2017
by and among the Borrower, Heron Sub, Inc., and Inventure Foods, Inc., as in effect on the date hereof.

 

“Inventure
Acquisition Closing Date” means the date on which the Inventure Acquisition is consummated.

 

“Investment”
means, as to any Person, any direct or indirect acquisition or investment by such Person, whether by means of (a) the purchase
or other acquisition of Equity Interests or debt or other securities of another Person, (b) a loan, advance or capital contribution
to, Guarantee Obligation with respect to any obligation of, or purchase or other acquisition of any other debt or equity participation
or interest in, another Person, including any partnership or joint venture interest in such other Person (excluding, in the case
of the Parents, the Borrower and the Restricted Subsidiaries, intercompany loans, advances, or Indebtedness having a term not exceeding
364 days (inclusive of any roll-over or extensions of terms) and made in the ordinary course of business consistent with past practice)
or (c) the purchase or other acquisition (in one transaction or a series of transactions) of all or substantially all of the
property and assets or business of another Person or assets constituting a business unit, line of business or division of such
Person. For purposes of covenant compliance, the amount of any Investment shall be the amount actually invested, without adjustment
for subsequent increases or decreases in the value of such Investment.

 

“Investment
Grade Rating” means a rating equal to or higher than Baa3 (or the equivalent) by Moody’s and BBB- (or the equivalent)
by S&P, or an equivalent rating by Fitch, Inc.

 

“IP
Rights” has the meaning specified in Section 5.14.

 

“ISDA
Definitions” means the 2006 ISDA Definitions published by the International Swaps and Derivatives Association, Inc. or any
successor thereto, as amended or supplemented from time to time, or any successor definitional booklet for interest rate derivatives
published from time to time by the International Swaps and Derivatives Association, Inc. or such successor thereto.

 

“Judgment
Currency” has the meaning specified in Section 10.17.

 

    -38-

     

    

 

“Junior
Debt” means Indebtedness incurred by a Loan Party that is (x) in excess of the Threshold Amount and subordinated
in right of payment to the prior payment of all Obligations of such Loan Party under the Loan Documents,
or (y) in excess of the Threshold Amount and junior in
priority to the Liens securing the Obligations or (z) incurred pursuant to the Second Lien Facility
or any Permitted Refinancing thereof.

 

“Junior Debt
Documents” means any agreement, indenture or instrument pursuant to which any Junior Debt is issued, in each case as
amended to the extent permitted under the Loan Documents.

 

“JV
Entity” means any joint venture of any Parent, the Borrower or any Restricted Subsidiary that is not a Subsidiary.

 

“Latest Maturity
Date” means, at any date of determination, the latest Maturity Date applicable to any Loan or Term Commitment hereunder
at such time, including the latest maturity date of any Extended Term Loan or Incremental Term Loan, in each case as extended in
accordance with this Agreement from time to time.

 

“Laws”
means, collectively, all international, foreign, federal, state, provincial and local laws (including common laws), statutes, treaties,
rules, guidelines, regulations, ordinances, codes and administrative or judicial precedents or authorities, including the interpretation
or administration thereof by any Governmental Authority charged with the enforcement, interpretation or administration thereof,
and all applicable administrative orders, directed duties, requests, licenses, authorizations and permits of, and agreements with,
any Governmental Authority.

 

“LCA
Election” has the meaning specified in Section 1.09(a).

 

“LCA
Test Date” has the meaning specified in Section 1.09(a).

 

“Lead Arrangers”
means (i) as of the Closing Date, Bank of America, N.A.
(or any other registered broker-dealer wholly-owned by Bank of America Corporation to which all or substantially all of Bank of
America Corporation’s or any of its subsidiaries’ investment banking, commercial lending services or related businesses
may be transferred), Goldman Sachs Bank USA, Manufacturers and Traders Trust Company and PNC Capital Markets LLC, in their capacities
as Joint Lead Arrangers and Joint Bookrunners under this Agreement and
(ii) as of the Second Amendment Effective Date, BofA Securities, Inc., Goldman Sachs Bank USA and Credit Suisse Loan Funding LLC,
in their capacities as Joint Lead Arrangers and Joint Bookrunners under Amendment No. 2.

 

“Lender”
has the meaning specified in the introductory paragraph to this Agreement,
any 2021 New Term Lender and their respective successors and assigns as permitted hereunder, each of which is referred
to herein as a “Lender”.

 

“Lender
Participation Notice” has the meaning specified in Section 2.05(d)(iii).

 

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

 

“LIBOR Screen
RateReplacement Date” has the
meaning specified in Section 1.10.(a).

 

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

 

    -39-

     

    

 

“LIBOR Successor
Rate” has the meaning specified in Section 1.10.(a).

 

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

 

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

 

“Limited Condition
Transaction” means (x) any Permitted Acquisition or other similar investment, including by way of merger, by any Parent,
the Borrower or one or more of the Restricted Subsidiaries permitted pursuant to this Agreement whose consummation is not conditioned
upon the availability of, or on obtaining, third party financing and (y) any redemption, repurchase, defeasance, satisfaction and
discharge or repayment of indebtedness requiring irrevocable notice in advance of such redemption, repurchase, satisfaction and
discharge or repayment.

 

“Loan”
means an extension of credit by a Lender to a Borrower under Article II in the form of a Term Loan (including any
Incremental Term Loans, any Extended Term Loans).

 

“Loan Documents”
means, collectively, (i) this Agreement, (ii) the Term Notes, (iii) the Term Intercreditor Agreement, (iv) the ABL Intercreditor
Agreement, (v) each Guaranty and (vi) the Collateral Documents, in each case as amended in accordance with this Agreement.

 

“Loan Parties”
means, collectively, (i) the Borrower, (ii) each Parent and (iii) each other Guarantor.

 

“M&T”
has the meaning specified in the preliminary statements to this Agreement.

 

“Market
Capitalization” means an amount equal to (i) the total number of issued and outstanding shares of common stock or common
equity interests of the Borrower or its direct or indirect parent on the date of the declaration of a Restricted Payment multiplied
by (ii) the arithmetic mean of the closing prices per share of such common stock or common equity interests on the principal securities
exchange on which such common stock or common equity interests are traded for the thirty (30) consecutive trading days immediately
preceding the date of declaration of such Restricted Payment.

 

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

 

    -40-

     

    

 

“Material
Adverse Effect” means (a) a material adverse effect on the business, operations, assets, liabilities (actual or contingent)
or financial condition of the Parents, the Borrower and the Restricted Subsidiaries, taken as a whole, (b) a material adverse
effect on the ability of the Loan Parties (taken as a whole) to perform their respective payment obligations under any Loan Document
to which any of the Loan Parties is a party or (c) a material adverse effect on the rights and remedies of the Lenders or the Agents
under any Loan Document.

 

“Material Real
Property” means (a) any real property owned by a Loan Party on the Closing Date having a fair market value in excess
of $15,000,000, each of which is set forth on Schedule 1.01E and (b) any owned real property acquired by any Loan Party following
the Closing Date (or owned by any Person that becomes a Loan Party after the Closing Date) located in the United States with a
fair market value in excess of $15,000,000.

 

“Material Subsidiary”
means, at any date of determination, each Restricted Subsidiary that is not an Immaterial Subsidiary (but including, in any case,
any Restricted Subsidiary that has been designated as a Material Subsidiary as provided in, or that has been designated as an Immaterial
Subsidiary in a manner that does not comply with, the definition of “Immaterial Subsidiary”).

 

“Maturity
Date” means (a) with respect to Initialthe
2021 New Term Loans, the seventh anniversary of the ClosingSecond
Amendment Effective Date, (b) with respect to any Extended Term Loan, the maturity date applicable to such Extended
Term Loan in accordance with the terms hereof or (c) with respect to any Incremental Term Loan, the maturity date applicable to
such Incremental Term Loan in accordance with the terms hereof; provided that if any such day is not a Business Day, the
Maturity Date shall be the Business Day immediately preceding such day.

 

“Maximum
Tender Condition” has the meaning specified in Section 2.17(b).

 

“MFN Adjustment”
has the meaning specified in Section 2.14(b).

 

“Minimum
Extension Condition” has the meaning specified in Section 2.15(b).

 

“Minimum
Tender Condition” has the meaning specified in Section 2.17(b).

 

“Minimum
Tranche Amount” has the meaning specified in Section 2.15(b).

 

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

 

“Multiemployer
Plan” means any employee benefit plan of the type described in Section 4001(a)(3) of ERISA, to which any Loan Party or
any ERISA Affiliate makes or is obligated to make contributions, or during the immediately preceding six (6) years, has made or
been obligated to make contributions.

 

    -41-

     

    

 

“Net Cash Proceeds”
means:

 

(a)       with
respect to the Disposition of any asset by any Parent, the Borrower or any Restricted Subsidiary or any Casualty Event, an amount
equal to the excess, if any, of (i) the sum of cash and Cash Equivalents received in connection with such Disposition or Casualty
Event (including any cash or Cash Equivalents received by way of deferred payment pursuant to, or by monetization of, a note receivable
or otherwise, but only as and when so received and, with respect to any Casualty Event, any insurance proceeds or condemnation
awards in respect of such Casualty Event actually received by or paid to or for the account of any Parent, the Borrower or any
Restricted Subsidiary) over (ii) the sum of (A) the principal amount, premium or penalty, if any, interest and other amounts on
any Indebtedness that is secured by the asset subject to such Disposition or Casualty Event and that is required to be repaid (and
is timely repaid) in connection with such Disposition or Casualty Event (other than Indebtedness under the Loan Documents and Indebtedness
that is secured by Liens ranking junior to or pari passu with the Liens securing Obligations under the Loan Documents),
(B) the out-of-pocket fees and expenses (including attorneys’ fees, investment banking fees, survey costs, title insurance
premiums, and related search and recording charges, transfer taxes, deed or mortgage recording taxes, other customary expenses
and brokerage, consultant and other customary fees) actually incurred by such Parent, the Borrower or such Restricted Subsidiary
in connection with such Disposition or Casualty Event, (C) Taxes paid or reasonably estimated to be actually payable in connection
therewith (including, for the avoidance of doubt, any income, withholding and other Taxes payable as a result of the distribution
of such proceeds to the Borrower), and (D) any reserve for adjustment in respect of (x) the sale price of such asset or assets
or purchase price adjustment established in accordance with GAAP and (y) any liabilities associated with such asset or assets and
retained by any Parent, the Borrower or any Restricted Subsidiary after such sale or other disposition thereof, including pension
and other post-employment benefit liabilities and liabilities related to environmental matters or with respect to any indemnification
obligations associated with such transaction, it being understood that “Net Cash Proceeds” shall include (i) any cash
or Cash Equivalents received upon the Disposition of any non-cash consideration by any Parent, the Borrower or any Restricted Subsidiary
in any such Disposition and (ii) upon the reversal (without the satisfaction of any applicable liabilities in cash in a corresponding
amount) of any reserve described in clause (D) above or if such liabilities have not been satisfied in cash and such reserve
is not reversed within 365 days after such Disposition or Casualty Event, the amount of such reserve; and

 

(b)       (i)
with respect to the incurrence or issuance of any Indebtedness by any Parent, the Borrower or any Restricted Subsidiary, the excess,
if any, of (x) the sum of the cash received in connection with such incurrence or issuance over (y) the investment banking fees,
underwriting discounts, commissions, Taxes, costs and other out-of-pocket expenses and other customary expenses incurred by such
Parent, the Borrower or such Restricted Subsidiary in connection with such incurrence or issuance and (ii) with respect to any
Permitted Equity Issuance by any direct or indirect parent of any Parent, the amount of cash from such Permitted Equity Issuance
contributed to the capital of such Parent.

 

“Non-Consenting
Lender” has the meaning specified in Section 3.06(d).

 

“Non-Extending
Lender” means any Lender that elects not to participate in an Extension pursuant to Section 2.15(c).

 

“Non-Loan Party”
means any Restricted Subsidiary that is not a Loan Party.

 

“Obligations”
means all advances to, and debts, liabilities, obligations, covenants and duties of, any Loan Party or other Subsidiary arising
under any Loan Document or otherwise with respect to any Loan, whether direct or indirect (including those acquired by assumption),
absolute or contingent, due or to become due, now existing or hereafter arising and including interest and fees that accrue after
the commencement by or against any Loan Party or any other Subsidiary of any proceeding under any Debtor Relief Laws naming such
Person as the debtor in such proceeding, regardless of whether such interest and fees are allowed claims in such proceeding. Without
limiting the generality of the foregoing, the Obligations of the Loan Parties under the Loan Documents (and of any of their Subsidiaries
to the extent they have obligations under the Loan Documents) include (a) the obligation (including guarantee obligations) to pay
principal, interest, reimbursement obligations, charges, expenses, fees, Attorney Costs, indemnities and other amounts, in each
case, payable by any Loan Party or any other Subsidiary under any Loan Document and (b) the obligation of any Loan Party or any
other Subsidiary to reimburse any amount in respect of any of the foregoing that any Lender, in its sole discretion, may elect
to pay or advance on behalf of such Loan Party or such Subsidiary.

 

    -42-

     

    

 

“Offered
Loans” has the meaning specified in Section 2.05(d)(iii).

 

“Organization
Documents” means (a) with respect to any corporation or company, the certificate or articles of incorporation, the memorandum
and articles of association, any certificates of change of name and/or the bylaws; (b) with respect to any limited liability company,
the certificate or articles of formation or organization and operating agreement; and (c) with respect to any partnership, joint
venture, trust or other form of business entity, the partnership, joint venture or other applicable agreement of formation or organization
and any agreement, declaration, instrument, filing or notice with respect thereto filed in connection with its formation or organization
with the applicable Governmental Authority in the jurisdiction of its formation or organization and, if applicable, any certificate
or articles of formation or organization of such entity.

 

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

 

“Other
Taxes” means all present or future stamp, court or documentary Taxes and any other property, intangible, mortgage recording
or similar Taxes which arise from any payment made under any Loan Document or from the execution, delivery, performance, enforcement
or registration of, or otherwise with respect to, any Loan Document, excluding, in each case, any such Tax resulting from an Assignment
and Assumption or transfer or assignment to or designation of a new Applicable Lending Office or other office for receiving payments
under any Loan Document (an “Assignment Tax”) but only if (a) such Assignment Tax is imposed as a result of
a present or former connection of the assignor or assignee with the jurisdiction imposing such Assignment Tax (other than any connection
arising solely from any Loan Documents or any transactions contemplated thereby) and (b) such Assignment Tax does not arise as
a result of an assignment (or designation of a new Applicable Lending Office) pursuant to a request by Borrower under Section
3.06.

 

“Outstanding
Amount” means with respect to the Term Loans, the amount of the aggregate outstanding principal amount thereof after
giving effect to any borrowings and prepayments or repayments of Term Loans.

 

“Parents”
has the meaning specified in the introductory paragraph to this Agreement.

 

“Participant”
has the meaning specified in Section 10.07(e).

 

“Participant
Register” has the meaning specified in Section 10.07(e).

 

“PBGC”
means the Pension Benefit Guaranty Corporation.

 

“Pension Plan”
means any “employee pension benefit plan” (as such term is defined in Section 3(2) of ERISA) other than a Multiemployer
Plan, that is subject to Title IV of ERISA and is sponsored or maintained by any Loan Party or any ERISA Affiliate or to which
any Loan Party or any ERISA Affiliate contributes or has an obligation to contribute, or in the case of a multiple employer or
other plan described in Section 4064(a) of ERISA, has made contributions at any time during the immediately preceding six (6) years.

 

    -43-

     

    

 

“Permitted
Acquisition” has the meaning specified in Section 7.02(j).

 

“Permitted
Alternative Incremental Facilities Debt” has the meaning specified in Section 7.03(t).

 

“Permitted
Debt Exchange” has the meaning specified in Section 2.17(a).

 

“Permitted
Debt Exchange Notes” has the meaning specified in Section 2.17(a).

 

“Permitted
Debt Exchange Offer” has the meaning specified in Section 2.17(a).

 

“Permitted Distribution
Business Disposition” the transfer of any trucks, together with related contracts and related assets of the direct store
delivery network of the Borrower and other Loan Parties, together with any liabilities and obligations relating thereto; provided
that (a) the book value of the assets so transferred shall not constitute, in the aggregate, greater than 15% of the book value
of the assets of the Parents, the Borrower and the Restricted Subsidiaries on a Consolidated basis as of the ClosingSecond
Amendment Effective Date and (b) the business remaining with the Loan Parties shall not be negatively impacted in any
material respect by the transfer and satisfactory arrangements for replacement distribution of all inventory of the Parents, the
Borrower and the Restricted Subsidiaries shall be in place at the time of the Permitted Distribution Business Disposition.

 

“Permitted Equity
Issuance” means any sale or issuance of any Qualified Equity Interests other than a sale or issuance the proceeds of
which are designated as Excluded Contribution Amounts.

 

“Permitted Holders”
means any of (a) any lineal descendent of William and Salie Utz, (b) any lineal descendent of Francis Xavier Rice and Arlene Utz
Rice, (c) any Permitted Transferee of any of the foregoing, (d) any trust for the benefit of the foregoing (including, Michael
W. Rice General Trust, Michael W. Rice 2010 GRAT, Rice Family 2011 GRAT, Rice Family 2015 GRAT, Exempt Family under the Michael
W. Rice 2009 Family Trust, Non-Exempt Family Trust under the Michael W. Rice 2009 Family Trust, Jane E. Rice 2012 Special Trust,
Non-Exempt Family Trust under the Michael W. Rice 2009 Family Trust, Stacie R. Lissette 2012 Generations Trust, Dylan Lissette
2012 Generations Trust, Stacie R. Lissette Primary Trust under the Rice 1998 GRAT 3, Michael W. Rice 2010 Multigenerational Trust
and Michael W. Rice 2015 QTIP Trust), (e) any estate of any of the foregoing, (f) the personal representatives of any Person specified
in clauses (a), (b) or (c) upon such Person’s death for the purposes of administration of such Person’s estate or upon
such Person’s adjudicated incapacity for purposes of the protection and management of the assets of such Person and (g) Utz
Brands, Inc., its controlled Affiliates and any successor thereto.

 

“Permitted
Liens” means any Liens permitted by Section 7.01.

 

“Permitted Non-Recourse
Factoring” means one or more non-recourse (except for customary representations, warranties, covenants and indemnities
made in connection with such non-recourse facilities) receivables purchase facilities made available to any Parent, the Borrower
or any of the Restricted Subsidiaries on then-market terms (as reasonably determined by the Borrower) in an aggregate principal
amount for all such facilities not exceeding $20,000,000 at any time outstanding.

 

    -44-

     

    

 

“Permitted Receivables
Financing” means a Permitted Non-Recourse Factoring or a Permitted Recourse Receivables Financing.

 

“Permitted Recourse
Receivables Financing” means one or more receivables purchase facilities made available to any Parent, the Borrower or
any of the Restricted Subsidiaries on then-market terms (as reasonably determined by the Borrower) in an aggregate principal amount
for all such facilities not exceeding $20,000,000 at any time outstanding.

 

“Permitted
Refinancing” means, with respect to any Person, any modification (other than a release of such Person), refinancing,
refunding, renewal or extension of any Indebtedness of such Person; provided that (a) the principal amount (or accreted
value, if applicable) thereof does not exceed the principal amount (or accreted value, if applicable) of the Indebtedness so modified,
refinanced, refunded, renewed or extended except by an amount equal to unpaid accrued interest and premium thereon, plus amounts
that would otherwise be permitted under Section 7.03 (with such amounts being deemed utilization of the applicable
basket or exception under Section 7.03), plus other reasonable amounts paid, and fees and expenses reasonably incurred,
in connection with such modification, refinancing, refunding, renewal or extension and by an amount equal to any existing commitments
unutilized thereunder, and as otherwise permitted under Section 7.03, (b) other than with respect to a Permitted Refinancing
in respect of Indebtedness permitted pursuant to Section 7.03(f), such modification, refinancing, refunding, renewal or
extension has a final maturity date equal to or later than the final maturity date of, and has a Weighted Average Life to Maturity
equal to or greater than the Weighted Average Life to Maturity of, the Indebtedness being modified, refinanced, refunded, renewed
or extended, (provided
that the foregoing requirements of this clause (b) shall not apply to any Inside Maturity Debt), (c) to the extent such
Indebtedness being so modified, refinanced, refunded, renewed or extended is secured by a Lien on the Collateral, the Lien securing
such Indebtedness as modified, refinanced, refunded, renewed or extended shall not be senior in priority to the Lien on the Collateral
securing the Indebtedness being modified, refinanced, refunded, renewed or extended unless otherwise permitted under this Agreement
and (d) if such Indebtedness being modified, refinanced, refunded, renewed or extended is Indebtedness permitted pursuant to Section
7.03(c), (i) to the extent such Indebtedness being so modified, refinanced, refunded, renewed or extended is subordinated in
right of payment to the Obligations, such modification, refinancing, refunding, renewal or extension is subordinated in right of
payment to the Obligations on terms at least as favorable to the Lenders as those contained in the documentation governing the
Indebtedness being so modified, refinanced, refunded, renewed or extended, (ii) the terms and conditions (including, if applicable,
as to collateral but excluding as to subordination, interest rate and redemption premium) of any such modified, refinanced, refunded,
renewed or extended Indebtedness, taken as a whole, are not materially less favorable to the Loan Parties or the Lenders than the
terms and conditions of the Indebtedness being modified, refinanced, refunded, renewed or extended (other than in the case of terms
applying to periods after the then Latest Maturity Date or otherwise added for the benefit of the Lenders hereunder); provided
that a certificate of a Responsible Officer of the Borrower delivered to the Administrative Agent at least five (5) Business Days
prior to the incurrence of such Indebtedness, together with a reasonably detailed description of the material terms and conditions
of such Indebtedness or drafts of the documentation relating thereto, stating that the Borrower has determined in good faith that
such terms and conditions satisfy the foregoing requirement, shall be conclusive evidence that such terms and conditions satisfy
the foregoing requirement unless the Administrative Agent notifies the Borrower within such five (5) Business Day period that it
disagrees with such determination (including a reasonable description of the basis upon which it disagrees) and (iii) such
modification, refinancing, refunding, renewal or extension is incurred by a Person who is the obligor of the Indebtedness being
so modified, refinanced, refunded, renewed or extended or a Loan Party.

 

“Permitted
Sale Leaseback” means any Sale Leaseback consummated by any Parent, the Borrower or any of the Restricted Subsidiaries
after the Closing Date; provided that any such Sale Leaseback that is not between (a) a Loan Party and another Loan Party
or (b) a Restricted Subsidiary that is not a Loan Party and another Restricted Subsidiary that is not a Loan Party must be, in
each case, consummated for fair value as determined at the time of consummation in good faith by (i) such Parent, the Borrower
or such Restricted Subsidiary and (ii) in the case of any Sale Leaseback (or series of related Sales Leasebacks) the aggregate
proceeds of which exceed $40,000,000, the board of managers or directors, as applicable, of such Parent, the Borrower or such Restricted
Subsidiary (which such determination may take into account any retained interest or other Investment of such Parent, the Borrower
or such Restricted Subsidiary in connection with, and any other material economic terms of, such Sale Leaseback).

 

    -45-

     

    

 

“Permitted Tax
Distribution” means:

 

(a)       if
and for so long as any Parent is a member of a group filing a consolidated, combined or unitary tax return with any parent entity,
any dividends or other distributions to fund any income Taxes attributable to the income of the applicable Parent, the Borrower
and the Subsidiaries, in each case, for which such parent entity is liable up to an amount not to exceed with respect to such Taxes
the amount of any such Taxes that the applicable Parent, the Borrower and the applicable Subsidiaries would have been required
to pay on a separate company basis or on a separate consolidated group basis if the applicable Parent, the Borrower and such Subsidiaries
had paid such Tax on a consolidated, combined, group, affiliated or unitary basis on behalf of an affiliated group consisting only
of the applicable Parent, the Borrower and such Subsidiaries; provided that any such payment attributable to an Unrestricted
Subsidiary shall be limited to the amount of any cash paid by such Unrestricted Subsidiary for such purpose to any Parent, the
Borrower or any Restricted Subsidiary; and

 

(b)       (i)
if and for so long as Parent is treated as a partnership for U.S. federal, state, provincial, territorial, and/or local income
Tax purposes, any dividends or other distributions required or permitted by Section 6.2 of the Third Amended and Restated Limited
Liability Company Agreement of Utz Brands Holdings, LLC, dated as of the Closing Date (as defined in the Business Combination Agreement)
(as amended, restated, amended and restated, supplemented or otherwise modified from time to time, the “Parent LLCA”)
and (ii) if there is a successor to Parent (whether by way of merger, consolidation, conversion, acquisition of substantially all
of such Parent’s assets or otherwise) or if Parent becomes an entity disregarded as separate from a new parent entity, and
such successor or parent has entered into an operating agreement substantially similar to the Parent LLCA, if and for so long as
such successor or parent is treated as a partnership for U.S. federal, state, provincial, territorial, and/or local income Tax
purposes, any dividends or other distributions required or permitted to be made by such successor or parent (or dividends or other
distributions to such parent in amounts sufficient for such parent to pay dividends or make other distributions required or permitted)
by the provision in such successor’s or such parent’s operating agreement that is analogous to Section 6.2 of the Parent
LLCA, as applicable; provided, that such amounts described in this clause (b) shall not be in excess of the amounts
required or permitted by Section 6.2 of the form of the Parent LLCA attached as Exhibit C to the Business Combination Agreement
as in effect on the First Amendment Effective Date; and

 

(c)       for any
taxable year (or portion thereof) ending after the Closing Date for which Parent is treated as a disregarded entity for U.S. federal,
state, provincial, territorial, and/or local income Tax purposes (other than as described in clause (b)(ii) above), the
payment of dividends or other distributions to Parent’s direct owner(s) to fund the income Tax liability of such owner(s)
(or, if a direct owner is a pass-through entity, of the indirect owner(s)) for such taxable year (or portion thereof) attributable
to the operations and activities of Parent and its direct and indirect Subsidiaries, in an aggregate amount not the exceed the
product of (1) the highest combined marginal U.S. federal and applicable state, provincial, territorial, and/or local statutory
Tax rate (after taking into account the deductibility of U.S. state and local income Tax for U.S. federal income Tax purposes)
applicable to the direct or indirect parent of Parent for the taxable year (or portion thereof) in question as reasonably determined
by the Borrower using information available to it, and (2) the taxable income of Parent and its direct and indirect Subsidiaries
for such taxable year (or portion thereof); provided that any such payment attributable to an Unrestricted Subsidiary shall
be limited to the amount of any cash paid by such Unrestricted Subsidiary for such purpose to Parent, the Borrower or its Restricted
Subsidiaries.

 

    -46-

     

    

 

“Permitted
Tax Restructuring” means any reorganizations and other activities related to tax planning and tax reorganization (as
determined by the Borrower in good faith) entered into on or after the date hereofClosing
Date so long as such Permitted Tax Restructuring does not materially impair the Guarantees or the security interests
of the Lenders in the aggregate and is otherwise not materially adverse to the Lenders and after giving effect to such Permitted
Tax Restructuring, the Parents, the Borrower and the Restricted Subsidiaries otherwise comply with Section 6.10.

 

“Permitted Transferee”
means, with respect to any Person that is a natural person (and any Permitted Transferee of such Person), (x) such Person’s
immediate family, including his or her spouse, ex-spouse, children, stepchildren and their respective lineal descendants and (y)
any trust or other legal entity (including, through the conversion of any limited liability company into a series limited liability
company) the indirect or direct beneficiary of which is such Person’s immediate family, including his or her spouse, ex-spouse,
children, stepchildren or their respective lineal descendants and which is controlled by such Person.

 

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

 

“Plan”
means any “employee benefit plan” (as such term is defined in Section 3(3) of ERISA) other than a Foreign Plan, established
or maintained by any Loan Party or, with respect to any such plan that is subject to Section 412 of the Code or Title IV of ERISA,
any ERISA Affiliate.

 

“Plan Assets”
means “plan assets” within the meaning of U.S. Department of Labor Regulation 29 C.F.R. Section 2510.3-101, as modified
by Section 3(42) of ERISA.

 

“Platform”
has the meaning specified in Section 6.02.

 

“Post-Acquisition
Period” means, with respect to any Permitted Acquisition or the conversion of any Unrestricted Subsidiary into a Restricted
Subsidiary, the period beginning on the date such Permitted Acquisition or conversion is consummated and ending on the last day
of the fourth full consecutive fiscal quarter immediately following the date on which such Permitted Acquisition or conversion
is consummated.

 

“Pre-Adjustment
Successor Rate” has the meaning specified in Section 1.10(a).

 

“Pro
Forma Adjustment” means, for any Test Period that includes all or any part of a fiscal quarter included in any Post-Acquisition
Period, with respect to the Acquired EBITDA of the applicable Acquired Entity or Business or Converted Restricted Subsidiary or
the Consolidated EBITDA of the Parents, the Borrower and the Restricted Subsidiaries, (a) the pro forma increase or decrease
in such Acquired EBITDA or such Consolidated EBITDA, as the case may be, that is factually supportable and is expected to have
a continuing impact, in each case as determined on a basis consistent with Article 11 of Regulation S-X of the Securities Act,
as interpreted by the Securities and Exchange Commission and (b) additional good faith pro forma adjustments arising out of cost
savings initiatives attributable to such transaction and additional costs associated with the combination of the operations of
such Acquired Entity or Business or Converted Restricted Subsidiary with the operations of the Parents, the Borrower and the Restricted
Subsidiaries, in each case being given pro forma effect, that (i) have been realized or (ii) subject to the limitations set forth
in clause (a)(viii) of the definition of Consolidated EBITDA, will be implemented following such transaction and are supportable
and quantifiable and expected to be realized within the succeeding eighteen (18) months and, in each case, including, but not limited
to, (w) reduction of costs related to administrative, selling or production-related activities, (x) incremental earnings from
selling or production-related activities, (y) reductions of costs related to leased or owned properties and (z) reductions from
the consolidation of operations and streamlining of corporate overhead taking into account, for purposes of determining such compliance,
the historical financial statements of the Acquired Entity or Business or Converted Restricted Subsidiary and the Consolidated
financial statements of the Parents, the Borrower and the other Subsidiaries, assuming such Permitted Acquisition or conversion,
and all other Permitted Acquisitions or conversions that have been consummated during the period, and any Indebtedness or other
liabilities repaid in connection therewith had been consummated and incurred or repaid at the beginning of such period (and assuming
that such Indebtedness to be incurred bears interest during any portion of the applicable measurement period prior to the relevant
acquisition at the interest rate which is or would be in effect with respect to such Indebtedness as at the relevant date of determination);
provided that, so long as such actions are initiated during such Post-Acquisition Period or such costs are incurred during
such Post-Acquisition Period, as applicable, for purposes of projecting such pro forma increase or decrease to such Acquired EBITDA
or such Consolidated EBITDA, as the case may be, it may be assumed that such cost savings will be realizable during the entirety
of such Test Period, or such additional costs, as applicable, will be incurred during the entirety of such Test Period.

 

    -47-

     

    

 

“Pro Forma Balance
Sheets” has the meaning specified in Section 5.05(a)(ii).

 

“Pro
Forma Basis” and “Pro Forma Effect” mean, with respect to compliance with any test hereunder for an
applicable period of measurement, that (A) to the extent applicable, the Pro Forma Adjustment shall have been made and (B) all
Specified Transactions and the following transactions in connection therewith shall be deemed to have occurred as of the first
day of the applicable period of measurement (as of the last date in the case of a balance sheet item) in such test: (a) income
statement items (whether positive or negative) attributable to the property or Person subject to such Specified Transaction, (i)
in the case of a Disposition of all or substantially all Equity Interests in any Restricted Subsidiary or any division, product
line, or facility used for operations of any Parent, the Borrower or any of the Restricted Subsidiaries, shall be excluded,
and (ii) in the case of a Permitted Acquisition or Investment described in the definition of “Specified Transaction,”
shall be included, (b) any retirement of Indebtedness, and (c) any Indebtedness incurred or assumed by any Parent, the Borrower
or any of the Restricted Subsidiaries in connection therewith and if such Indebtedness has a floating or formula rate, shall have
an implied rate of interest for the applicable period for purposes of this definition determined by utilizing the rate which is
or would be in effect with respect to such Indebtedness as at the relevant date of determination; provided that, without
limiting the application of the Pro Forma Adjustment pursuant to clause (A) above, the foregoing pro forma adjustments may be applied
to any such test solely to the extent that such adjustments are consistent with the definition of Consolidated EBITDA and give
effect to events (including operating expense reductions) that are (as determined by the Borrower in good faith) (i) (x) directly
attributable to such transaction, (y) expected to have a continuing impact on the Parents, the Borrower and the Restricted Subsidiaries
and (z) factually supportable or (ii) otherwise consistent with the definition of Pro Forma Adjustment.

 

“Proposed
Discounted Prepayment Amount” has the meaning specified in Section 2.05(d)(ii).

 

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

 

    -48-

     

    

 

“Public Company
Costs” has the meaning assigned to such term in the definition of the term “Consolidated EBITDA”.

 

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

 

“QFC Credit
Support” has the meaning specified in Section 10.27.

 

“Qualified
Equity Interests” means any Equity Interests of any Parent (or of the Borrower or any Intermediate Holding Company
or any direct or indirect parent of any Parent), in each case, that are not Disqualified Equity Interests.

 

“Qualifying
Bridge Facility” means customary bridge loans, so long as any loans, notes, securities or other Indebtedness for which such
bridge loans are exchanged, replaced or converted satisfy (or will satisfy at the time of such exchange, replacement or conversion)
any otherwise applicable requirements.

 

“Qualifying
IPO” means any transaction or series of transactions that results in any of the common Equity Interests of the Borrower
or any direct or indirect parent company of the Borrower being publicly traded on any United States national securities exchange
or over-the-counter market or any analogous exchange or any recognized securities exchange in Canada, the United Kingdom or any
country of the European Union.

 

“Qualifying
Lenders” has the meaning specified in Section 2.05(d)(iv).

 

“Qualifying
Loans” has the meaning specified in Section 2.05(d)(iv).

 

“Qualifying
Term Loans” has the meaning specified in Section 2.14(b).

 

“Quotation Date”
means, in respect of the determination of the Eurocurrency Rate for any Interest Period for a Eurocurrency Rate Loan, the day that
is two Business Days prior to the first day of such Interest Period.

 

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

 

“Refinancing”
means the repayment in full, termination of all commitments and release of all liens under the Existing Credit Agreement.

 

“Refinancing
Term Loans” means Incremental Term Loans that are designated by a Responsible Officer of the Borrower as “Refinancing
Term Loans” in a certificate of a Responsible Officer of the Borrower delivered to the Administrative Agent on or prior to
the date of incurrence provided that (i) any Refinancing Term Loans shall not be in a principal amount that exceeds the amount
of Term Loans so refinanced, except to the extent a different incurrence basket pursuant to Section 7.03 is utilized plus
an amount equal to any fees, expenses, commissions, underwriting discounts and premiums payable in connection with such Refinancing
Term Loans, (ii) to the extent applicable, the Applicable Intercreditor Agreement is entered into, (iii) other
than with respect to any Inside Maturity Debt, any Refinancing Term Loan does not mature prior to the maturity date
of or have scheduled amortization or commitment reductions prior to the maturity date of the Term Loans being refinanced, (iv)
such Refinancing Term Loans have the same guarantors and are secured by the same assets as the Term Loans being refinanced, (v)
the terms and conditions of such Refinancing Term Loans (excluding pricing and optional prepayment or redemption terms or covenants
or other provisions applicable only to periods after the Maturity Date of the Loans or Term Commitments being refinanced) shall
reflect market terms and conditions at the time of incurrence or issuance and (vi) if such Refinancing Term Loans contain any financial
maintenance covenants, such covenants shall be added for the benefit of the Term Lenders.

 

    -49-

     

    

 

“Register”
has the meaning specified in Section 10.07(d).

 

“Rejection
Notice” has the meaning specified in Section 2.05(b)(vi).

 

“Related
Adjustment” means, in determining any LIBOR Successor Rate, the first relevant available alternative set forth in the order
below that can be determined by the Administrative Agent applicable to such LIBOR Successor Rate: 

 

(A)             
the spread adjustment, or method for calculating or determining such spread
adjustment, that has been selected or recommended by the Relevant Governmental Body for the relevant Pre-Adjustment Successor Rate
(taking into account the interest period, interest payment date or payment period for interest calculated and/or tenor thereto)
and which adjustment or method (x) is published on an information service as selected by the Administrative Agent from time to
time in its reasonable discretion or (y) solely with respect to Term SOFR, if not currently published, which was previously so
recommended for Term SOFR and published on an information service acceptable to the Administrative Agent; or 

 

the
spread adjustment that would apply (or has previously been applied) to the fallback rate for a derivative transaction referencing
the ISDA Definitions (taking into account the interest period, interest payment date or
payment period for interest calculated and/or tenor thereto).

 

“Release”
means any release, spill, emission, discharge, deposit, disposal, leaking, pumping, pouring, dumping, emptying, injection, migration
or leaching on, into or through the Environment or into, from or through any building, structure or facility.

 

“Relevant
Governmental Body” means the Federal Reserve Board and/or the Federal Reserve Bank of New York, or a committee officially
endorsed or convened by the Federal Reserve Board and/or the Federal Reserve Bank of New York.

 

“Reportable
Event” means, with respect to any Pension Plan, any of the events set forth in Section 4043(c) of ERISA or the regulations
issued thereunder, other than events for which the thirty (30) day notice period has been waived.

 

“Repricing
Transaction” means, with respect to the Initial Term Loans, other than in connection with a Change of Control, Qualifying
IPO or Transformative Acquisition, (a) any prepayment or repayment of Initial Term Loans with the proceeds of, or any conversion
of Initial Term Loans into, any new or replacement tranche of secured term loans bearing interest with an Effective Yield less
than the Effective Yield applicable to the Initial Term Loans, (b) any amendment (including pursuant to a replacement term loan
as contemplated by Section 10.01) to the Initial Term Loans which reduces the Effective Yield applicable to the Initial
Term Loans and (c) any mandatory assignment by a Non-Consenting Lender pursuant to Section 3.06 in connection with an event
described in clause (a) or (b); provided, that in the case of clause (a) and (b), the primary purpose of such prepayment,
repayment or amendment is to reduce the Effective Yield as set forth above.

 

“Request for
Credit Extension” means, with respect to a Borrowing, conversion or continuation of Term Loans, a Committed Loan Notice.

 

    -50-

     

    

 

“Required Lenders”
means, as of any date of determination, Lenders having more than 50% of the sum of the (a) Total Outstandings and (b) aggregate
unused Term Commitments; provided that the unused Term Commitment of, and the portion of the Total Outstandings held or
deemed held by any Defaulting Lender or Lenders that are Affiliated Lenders (other than Affiliated Debt Funds) shall be excluded
for purposes of making a determination of Required Lenders.

 

“Resolution
Authority” means an EEA Resolution Authority or, with respect to any UK Financial Institution, a UK Resolution Authority.

 

“Responsible
Officer” means the chief executive officer, president, vice president, chief financial officer, treasurer, assistant
treasurer, or other similar officer or director of a Loan Party and, as to any document delivered on the Closing Date, any secretary
or assistant secretary of a Loan Party and, as to any document delivered on the Closing Date, any secretary or assistant secretary
of a Loan Party and, solely for purposes of notices given pursuant to Article II, any other officer of the
applicable Loan Party so designated by any of the foregoing officers in a notice to the Administrative Agent or any other officer
or employee of the applicable Loan Party designated in or pursuant to an agreement between the applicable Loan Party and the Administrative
Agent. Any document delivered hereunder that is signed by a Responsible Officer of a Loan Party shall be conclusively presumed
to have been authorized by all necessary corporate, partnership and/or other action on the part of such Loan Party and such Responsible
Officer shall be conclusively presumed to have acted on behalf of such Loan Party.

 

“Restricted
Casualty Event” has the meaning specified in Section 2.05(b)(viii).

 

“Restricted
Disposition” has the meaning specified in Section 2.05(b)(viii).

 

“Restricted
Payment” means any dividend or other distribution (whether in cash, securities or other property) with respect to any
Equity Interest in any Parent, the Borrower or any Restricted Subsidiary, or any payment (whether in cash, securities or
other property), including any sinking fund or similar deposit, on account of the purchase, redemption, retirement, defeasance,
acquisition, cancellation or termination of any such Equity Interest, or on account of any return of capital to the holders of
Equity Interests of any Parent.

 

“Restricted
Subsidiary” means any Subsidiary of any Parent (other than the Borrower) other than an Unrestricted Subsidiary.

 

“Retained Declined
Proceeds” has the meaning specified in Section 2.05(b)(vi).

 

“RILP”
means Rice Investments, L.P.

 

“S&P”
means Standard & Poor’s Financial Services LLC, a subsidiary of S&P Global Inc., and any successor thereto.

 

“Sale
Leaseback” means any transaction or series of related transactions pursuant to which any Parent, the Borrower
or any of the Restricted Subsidiaries (a) sells, transfers or otherwise disposes of any property, real or personal, whether now
owned or hereafter acquired, and (b) as part of such transaction, thereafter rents or leases such property or other property that
it intends to use for substantially the same purpose or purposes as the property being sold, transferred or disposed.

 

    -51-

     

    

 

“Sanctions Laws
and Regulations” means any sanctions or related requirements imposed by the USA PATRIOT Act, the Executive Order No.
13224 of September 23, 2001, entitled Blocking Property and Prohibiting Transactions With Persons Who Commit, Threaten to Commit,
or Support Terrorism (66 Fed. Reg. 49079 (2001)), the U.S. International Emergency Economic Powers Act (50 U.S.C. §§
1701 et seq.), the U.S. Trading with the Enemy Act (50 U.S.C. App. §§ 2 et seq.), the U.S. Syria Accountability
and Lebanese Sovereignty Act, the U.S. Comprehensive Iran Sanctions, Accountability, and Divestment Act of 2010 or the Iran Sanctions
Act, Section 1245 of the National Defense Authorization Act of 2012, all as amended, or any of the foreign assets control regulations
(including but not limited to 31 C.F.R., Subtitle B, Chapter V, as amended) or any other law or executive order relating thereto
administered by the U.S. Department of the Treasury Office of Foreign Assets Control or the U.S. Department of State enacted in
the United States after the date of this AgreementClosing
Date.

 

“Scheduled
Unavailability Date” has the meaning specified in Section 1.10(a).

 

“SEC”
means the Securities and Exchange Commission or any Governmental Authority succeeding to any of its principal functions.

 

“Second
Lien Credit Agreement” means Second Lien Term Loan Credit Agreement dated as of the date hereof among
the Parents, the Borrower, Bank of America, N.A., as administrative agent, and the several banks and other financial institutions
from time to time party thereto, as such agreement may be amended, supplemented, waived or otherwise modified from time to time
to the extent permitted hereunder and any Permitted Refinancing thereof (unless such agreement, instrument or document expressly
provides that it is not intended to be and is not the Second Lien Credit Agreement), in each case to the extent permitted hereunder.

 

“Second
Lien Facility” means the collective reference to the Second Lien Credit Agreement, any Loan Documents
(as defined therein), any notes and letters of credit issued pursuant thereto and any guarantee, security agreement, patent, trademark
or copyright security agreements, mortgages, letter of credit applications and other guarantees, pledge agreements, security agreements
and collateral documents, and other instruments and documents, executed and delivered pursuant to or in connection with any of
the foregoing, in each case as the same may be amended, supplemented, waived or otherwise modified from time to time to the extent
permitted hereunder and any Permitted Refinancing thereof (unless such agreement, instrument or document expressly provides that
it is not intended to be and is not the Second Lien Facility), in each case to the extent permitted hereunder.

 

“Second
Lien Lenders” means the “Lenders” under the Second Lien Credit Agreement.

 

“Second
Lien Loan Documents” means, collectively, (i) the Second Lien Credit Agreement and (ii) the security
documents, intercreditor agreements (including the Term Intercreditor Agreement), guarantees, joinders and other agreements or
instruments executed in connection with the Second Lien Facility or such other agreements, in each case, as amended, modified,
supplemented, substituted, replaced, restated or refinanced, in whole or in part, from time to time including in connection with
a Permitted Refinancing of the Second Lien Facility.

 

“Second
Lien Obligations” means the “Obligations” as defined in the Second Lien Facility.

 

“Second
Amendment Effective Date” means January 20, 2021.

 

“Secured
Parties” means, collectively, the Administrative Agent, the Collateral Agent, the Lenders, the Supplemental Administrative
Agent and each co-agent or sub-agent appointed by the Administrative Agent from time to time pursuant to Section 9.02.

 

“Securities
Act” means the Securities Act of 1933.

 

    -52-

     

    

 

“Security
Agreement” means, collectively, the First Lien Security Agreement executed by the Loan Parties party thereto on the Closing
Date substantially in the form of Exhibit H as supplemented by any Security Agreement Supplement executed and delivered pursuant
to Section 6.10.

 

“Security Agreement
Supplement” means a supplement to any Security Agreement as contemplated by such Security Agreement.

 

“Senior Secured
Leverage Ratio” means, with respect to any Test Period, the ratio of (a) Consolidated Total Debt secured by the Collateral
(b) Consolidated EBITDA of the Parents, the Borrower and the Restricted Subsidiaries for such Test Period

 

“SOFR”
with respect to any Business Day means the secured overnight financing rate published for such day by the Federal Reserve Bank
of New York, as the administrator of the benchmark (or a successor administrator) on the Federal Reserve Bank of New York’s
website (or any successor source) at approximately 8:00 a.m. (New York City time) on the immediately succeeding Business Day and,
in each case, that has been selected or recommended by the Relevant Governmental Body.

 

“Sold Entity
or Business” has the meaning specified in the definition of the term “Consolidated EBITDA.”

 

“Solvent”
and “Solvency” mean, with respect to any Person on any date of determination, that on such date (i) the fair
value of the property of such Person is greater than the total amount of debts and liabilities, contingent, subordinated or otherwise,
of such Person, (ii) the present fair salable value of the assets of such Person is not less than the amount that will be required
to pay the liability of such Person on its debts as they become absolute and matured, (iii) such Person will be able to pay its
debts and liabilities, subordinated, contingent or otherwise, as they become absolute and matured and (iv) such Person is not engaged
in business or a transaction, and is not about to engage in business or a transaction, for which such Person’s property would
constitute an unreasonably small capital; provided that the amount of contingent liabilities at any time shall be computed
as the amount that, in light of all the facts and circumstances existing at such time, represents the amount that can reasonably
be expected to become an actual or matured liability.

 

“SPC”
has the meaning specified in Section 10.07(h).

 

“Specified
Assets” means non-core assets having an aggregate fair market value (as determined in good faith by the Borrower)
that is not in excess of $15,000,000.

 

“Specified
Communications” has the meaning set forth in Section 10.02(g).

 

“Specified Dispositions”
means a Disposition of Specified Assets.

 

“Specified
Event of Default” means an Event of Default pursuant to Sections 8.01(a), 8.01(f) or 8.01(g)
(in the case of Section 8.01(f) or 8.01(g), with respect to any Parent or the Borrower).

 

“Specified
Representations” means the representations and warranties of the Borrower set forth in Sections 5.01(a)
(solely as it relates to any Parent and the Borrower), 5.01(b)(ii), 5.02(a) (related to the entering into and performance
of the Loan Documents and the incurrence of the extensions of credit thereunder), 5.02(b)(i) (related to the entering into
and performance of the Loan Documents and the incurrence of the extensions of credit thereunder), 5.04, 5.12, 5.15,
5.16 (subject to the proviso to Section 4.01(a)(iii)) and 5.18 (limited to the use of proceeds of the Loans
on the Closing Date).

 

    -53-

     

    

 

“Specified Transaction”
means any Investment, Disposition, incurrence or repayment of Indebtedness, Restricted Payment, Subsidiary designation or Incremental
Term Loan that by the terms of this Agreement requires such test to be calculated on a “Pro Forma Basis” or after giving
 “Pro Forma Effect”; provided at the Borrower’s sole election that any such Specified Transaction (other
than a Restricted Payment) having an aggregate value of less than $10,000,000 shall not be calculated on a “Pro Forma Basis”
or after giving “Pro Forma Effect.”

 

“SRS Leasing
Parent” has the meaning specified in the introductory paragraph to this Agreement.

 

“Subordinated
Debt” means Indebtedness incurred by a Loan Party that is subordinated in right of payment to the prior payment
of all Obligations of such Loan Party under the Loan Documents.

 

“Subsidiary”
of a Person means a corporation, company, partnership, joint venture, limited liability company or other business entity of which
a majority of the shares of securities or other interests having ordinary voting power for the election of directors or other governing
body (other than securities or interests having such power only by reason of the happening of a contingency) are at the time beneficially
owned, or the management of which is otherwise controlled, directly or indirectly, through one or more intermediaries, or both,
by such Person. Unless otherwise specified, all references herein to a “Subsidiary” or to “Subsidiaries”
shall refer to a Subsidiary or Subsidiaries of any Parent.

 

“Subject Parent”
has the meaning specified in Section 7.04(h).

 

“Subsidiary
Guarantor” means, collectively, the Subsidiaries of any Parent (other than the Borrower) that are Guarantors.

 

“Successor
Borrower” has the meaning specified in Section 7.04(d).

 

“Successor
Holdings” has the meaning specified in Section 7.04(h).

 

“Supplemental
Administrative Agent” has the meaning specified in Section 9.13(a) and “Supplemental Administrative
Agents” shall have the corresponding meaning.

 

“Supported QFC”
has the meaning specified in Section 10.27.

 

“Surviving
Indebtedness” means Indebtedness of any Parent, the Borrower or any of the other Subsidiaries outstanding immediately
after giving effect to the Refinancing.

 

“Swap Contract”
means (a) any and all rate swap transactions, basis swaps, credit derivative transactions, forward rate transactions, commodity
swaps, commodity options, forward commodity contracts, equity or equity index swaps or options, bond or bond price or bond index
swaps or options or forward bond or forward bond price or forward bond index transactions, interest rate options, forward foreign
exchange transactions, cap transactions, floor transactions, collar transactions, currency swap transactions, cross-currency rate
swap transactions, currency options, spot contracts, or any other similar transactions or any combination of any of the foregoing
(including any options to enter into any of the foregoing), whether or not any such transaction is governed by or subject to any
master agreement, and (b) any and all transactions of any kind, and the related confirmations, which are subject to the terms and
conditions of, or governed by, any form of master agreement published by the International Swaps and Derivatives Association, Inc.,
any International Foreign Exchange Master Agreement, or any other master agreement (any such master agreement, together with any
related schedules, a “Master Agreement”), including any such obligations or liabilities under any Master Agreement.

 

    -54-

     

    

 

“Swap Termination
Value” means, in respect of any one or more Swap Contracts, after taking into account the effect of any legally enforceable
netting agreement relating to such Swap Contracts, (a) for any date on or after the date such Swap Contracts have been closed out
and termination value(s) determined in accordance therewith, such termination value(s), and (b) for any date prior to the date
referenced in clause (a), the amount(s) determined as the mark to market value(s) for such Swap Contracts, as determined
by a recognized dealer in such Swap Contracts (which may include a Lender or any Affiliate of a Lender) in accordance with the
terms thereof and in accordance with customary methods for calculating mark-to-market values under similar arrangements by a recognized
dealer in such Swap Contracts (which may include a Lender or any Affiliate of a Lender).

 

“Taxes”
means all present or future taxes, duties, levies, imposts, deductions, assessments, withholdings or similar charges in the nature
of a tax imposed by any Governmental Authorities, and all liabilities (including additions to tax, penalties and interest) with
respect thereto.

 

“Term Borrowing”
means a Borrowing in respect of a Class of Term Loans.

 

“Term Commitments”
means an Initial Term Commitment, a 2021 Refinancing Term Commitment,
a 2021 Incremental Term Commitment, a commitment in respect of any other
Incremental Term Loans, or a commitment in respect of any Extended Term Loans or any combination thereof, as the context may require.

 

“Term Intercreditor
Agreement” means the Term Intercreditor Agreement substantially in the form of Exhibit G-2 among the Collateral
Agent, Bank of America, N.A., as collateral agent under the Second Lien Credit Agreement, Bank
of America, N.A., as collateral agent under the ABL Credit Agreement and the representatives for purposes thereof
for holders of one or more other classes of Indebtedness, the Borrower and the other parties thereto, as amended, restated, supplemented
or otherwise modified from time to time in accordance with the requirements thereof and of this Agreement, and which shall also
include any replacement intercreditor agreement entered into in accordance with the terms hereof.

 

“Term Lender”
means, at any time, any Lender that has a Term Loan or a Term Commitment at such time.

 

“Term Loans”
means the Initial Term Loans, the 2021 New Term Loans, the 2021 Refinancing
Term Loans, the 2021 Incremental Term Loans, any other Incremental Term Loans and the Extended Term Loans.

 

“Term Note”
means a promissory note of the Borrower payable to any Lender or its registered assigns, in substantially the form of Exhibit
C hereto with appropriate insertions, evidencing the aggregate Indebtedness of the Borrower to such Lender resulting from any
Class of Term Loans made by such Lender.

 

“Term Priority
Collateral” has the meaning set forth in the ABL Intercreditor Agreement.

 

“Test
Period” means, at any date of determination, the most recently completed four consecutive fiscal quarters of the Borrower
ending on or prior to such date for which financial statements have been or are required to be delivered pursuant to Section
4.01, Section 6.01(a) or 6.01(b).

 

“Term
SOFR” means the forward-looking term rate for any period that is approximately (as determined by the Administrative Agent)
as long as any of the Interest Period options set forth in the definition of “Interest Period” and that is based on
SOFR and that has been selected or recommended by the Relevant Governmental Body, in each case as published on an information service
as selected by the Administrative Agent from time to time in its reasonable discretion.

 

    -55-

     

    

 

“Threshold
Amount” means $2050,000,000.

 

“Total
Leverage Ratio” means, with respect to any Test Period, the ratio of (a) Consolidated Total Debt as of the last day of
such Test Period to (b) Consolidated EBITDA of the Parents, the Borrower and the Restricted Subsidiaries for such Test Period.

 

“Total Outstandings”
means the aggregate Outstanding Amount of all Loans.

 

“Transaction”
means, collectively, (a) the execution and delivery of the Loan Documents and the funding of the Initial Term Loans hereunder,
(b) the execution and delivery of the Second Lien Loan Documents (as
defined in the Existing Credit Agreement) and the funding of the Initial Term Loans (as defined in the Second Lien Facility)
(as defined in the Existing Credit Agreement)) under the
Second Lien Facility (as defined in the Existing Credit Agreement)
on the Closing Date, (c) the execution and delivery of the ABL Loan Documents and the effectiveness of the ABL Facility, (d) the
Closing Date Restricted Payment, (e) the Refinancing and (f) the payment of Transaction Expenses.

 

“Transaction
Expenses” means any fees or expenses incurred or paid by any Parent, the Borrower, or any Restricted Subsidiary in connection
with the Transaction and the transactions contemplated in connection therewith.

 

“Transformative
Acquisition” means any acquisition or investment by any Parent, the Borrower or any Restricted Subsidiary that is either
(a) not permitted hereunder immediately prior to the consummation of such acquisition or (b) if permitted by the terms hereunder
immediately prior to the consummation of such acquisition or investment, this Agreement would not provide the Parents, the Borrower
and the Restricted Subsidiaries with adequate flexibility for the continuation and/or expansion of their combined operations following
such consummation or acquisition, as determined by the Borrower acting in good faith.

 

“Type”
means, with respect to a Loan, its character as a Base Rate Loan or a Eurocurrency Rate Loan.

 

“U.S. Special
Resolution Regimes” has the meaning specified in Section 10.27.

 

“UK Financial
Institution” means any BRRD Undertaking (as such term is defined under the PRA Rulebook (as amended form time to time)
promulgated by the United Kingdom Prudential Regulation Authority) or any person subject to IFPRU 11.6 of the FCA Handbook (as
amended from time to time) promulgated by the United Kingdom Financial Conduct Authority, which includes certain credit institutions
and investment firms, and certain affiliates of such credit institutions or investment firms.

 

“UK Resolution
Authority” means the Bank of England or any other public administrative authority having responsibility for the resolution
of any UK Financial Institution.

 

“UM-R Parent”
has the meaning specified in the introductory paragraph to this Agreement.

 

“UM-U Parent”
has the meaning specified in the introductory paragraph to this Agreement.

 

“Unaudited Financial
Statements” means (i) the unaudited Consolidated balance sheet of the Parents and their respective Subsidiaries for the
fiscal quarters ended on the Sunday closest to March 31, 2017 and the Sunday closest to June 30, 2017 and (ii) the related unaudited
Consolidated statements of income, equity and cash flows for such fiscal quarter.

 

    -56-

     

    

 

 

“Undisclosed
Administration” means in relation to a Lender or its parent company the appointment of an administrator, provisional
liquidator, conservator, receiver, trustee, custodian or other similar official by a supervisory authority or regulator under or
based on the law in the country where such Lender or such parent company is subject to home jurisdiction supervision if applicable
law requires that such appointment is not to be publicly disclosed.

 

“Uniform Commercial
Code” or “UCC” means the Uniform Commercial Code as the same may from time to time be in effect in
the State of New York or the Uniform Commercial Code (or similar code or statute) of another jurisdiction, to the extent it may
be required to apply to any item or items of Collateral.

 

“United States”
and “U.S.” mean the United States of America.

 

“United
States Tax Compliance Certificate” has the meaning specified in Section 3.01.

 

“Unrestricted
Incremental First Lien Amount” means, with respect to the incurrence or issuance of Incremental Facilities or Permitted
Alternative Incremental Facilities Debt, an amount not to exceed the greater of (i) $115202,000,000
and (ii) 100% of Consolidated EBITDA of the Parents, the Borrower and the Restricted Subsidiaries for the most recently
ended Test Period (calculated on a Pro Forma Basis), in the aggregate for all such incurrences or issuances after the ClosingSecond
Amendment Effective Date.

 

“Unrestricted
Subsidiary” means (i) each Subsidiary of any Parent listed on Schedule 1.01B, (ii) any Subsidiary
of any Parent designated by the Borrower as an Unrestricted Subsidiary pursuant to Section 6.13 subsequent to the date
hereofClosing Date, provided that no Intermediate
Holding Company or the Borrower may be designated as an Unrestricted Subsidiary, and (iii) any Subsidiary of an Unrestricted Subsidiary.

 

“USA PATRIOT
Act” means The Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism
Act of 2001 (Title III of Pub. L. No. 107-56 (signed into law October 26, 2001)), as amended or modified from time to time.

 

“Voluntary Prepayment
Amount” has the meaning specified in Section 2.14(a).

 

“Weighted Average
Life to Maturity” means, when applied to any Indebtedness at any date, the number of years obtained by dividing: (i)
the sum of the products obtained by multiplying (a) the amount of each then remaining installment, sinking fund, serial maturity
or other required payments of principal, including payment at final maturity, in respect thereof, by (b) the number of years (calculated
to the nearest one-twelfth) that will elapse between such date and the making of such payment by (ii) the then outstanding principal
amount of such Indebtedness.

 

“Wholly Owned”
means, with respect to a Subsidiary of a Person, a Subsidiary of such Person all of the outstanding Equity Interests of which (other
than (x) director’s qualifying shares and (y) shares issued to foreign nationals to the extent required by applicable
Law) are owned by such Person and/or by one or more wholly owned Subsidiaries of such Person. RILP shall be deemed to be a Wholly-Owned
Subsidiary of UM-R Parent.

 

    -57-

     

    

 

“Withdrawal
Liability” means the liability of a Multiemployer Plan as a result of a complete or partial withdrawal from such
Multiemployer Plan, as such terms are defined in Part I of Subtitle E of Title IV of ERISA.

 

“Write-Down
and Conversion Powers” means, (a) with respect to any EEA Resolution Authority, the write-down and conversion powers
of such EEA Resolution Authority from time to time under the Bail-In Legislation for the applicable EEA Member Country, which write-down
and conversion powers are described in the EU Bail-In Legislation Schedule, and (b) with respect to the United Kingdom, any powers
of the applicable Resolution Authority under the Bail-In Legislation to cancel, reduce, modify or change the form of a liability
of any UK Financial Institution or any contract or instrument under which that liability arises, to convert all or part of that
liability into shares, securities or obligations of that person or any other person, to provide that any such contract or instrument
is to have effect as if a right had been exercised under it or to suspend any obligation in respect of that liability or any of
the powers under that Bail-In Legislation that are related to or ancillary to any of those powers.

 

Section
1.02           Other
Interpretive Provisions. With reference to this
Agreement and each other Loan Document, unless otherwise specified herein or in such other Loan Document:

 

(a)           The
meanings of defined terms are equally applicable to the singular and plural forms of the defined terms.

 

(b)          (i)
The words “herein,” “hereto,” “hereof” and “hereunder”
and words of similar import when used in any Loan Document shall refer to such Loan Document as a whole and not to any particular
provision thereof.

 

(ii)           Article,
Section, Exhibit and Schedule references are to the Loan Document in which such reference appears.

 

(iii)         The
term “including” is by way of example and not limitation.

 

(iv)         The
term “documents” includes any and all instruments, documents, agreements, certificates, notices, reports, financial
statements and other writings, however evidenced, whether in physical or electronic form.

 

(c)           In
the computation of periods of time from a specified date to a later specified date, the word “from” means “from
and including”; the words “to” and “until” each mean “to but excluding”;
and the word “through” means “to and including.”

 

(d)          Section
headings herein and in the other Loan Documents are included for convenience of reference only and shall not affect the interpretation
of this Agreement or any other Loan Document.

 

Section
1.03           Accounting
Terms.

 

(a)           All
accounting terms not specifically or completely defined herein shall be construed in conformity with, and all financial data (including
financial ratios and other financial calculations) required to be submitted pursuant to this Agreement shall be prepared in conformity
with, GAAP, applied in a manner consistent with that used in preparing the Audited Financial Statements, except as otherwise specifically
prescribed herein.

 

    -58-

     

    

 

(b)           Notwithstanding
anything to the contrary herein, for purposes of determining compliance with any test contained in this Agreement with respect
to any period during which any Specified Transaction occurs, the Total Leverage Ratio, the First Lien Senior Secured Leverage
Ratio and the Senior Secured Leverage Ratio shall be calculated with respect to such period and such Specified Transaction on
a Pro Forma Basis.

 

(c)           Where
reference is made to “the Parents, the Borrower and the Restricted Subsidiaries on a consolidated basis” or similar
language, such consolidation shall not include any Subsidiaries of any Parent other than Restricted Subsidiaries.

 

(d)           In
the event that the Borrower elects to prepare its financial statements in accordance with IFRS and such election results in a
change in the method of calculation of financial covenants, standards or terms (collectively, the “Accounting Changes”)
in this Agreement, the Borrower and the Administrative Agent agree to enter into good faith negotiations in order to amend such
provisions of this Agreement (including the levels applicable herein to any computation of the Total Leverage Ratio, the First
Lien Senior Secured Leverage Ratio and the Senior Secured Leverage Ratio) so as to reflect equitably the Accounting Changes with
the desired result that the criteria for evaluating the Parents’ and the Borrower’s financial condition shall be substantially
the same after such change as if such change had not been made. Until such time as such an amendment shall have been executed
and delivered by the Borrower, the Administrative Agent and the Required Lenders, all financial covenants, standards and terms
in this Agreement shall continue to be calculated or construed in accordance with GAAP (as determined in good faith by a Responsible
Officer of the Borrower) (it being agreed that the reconciliation between GAAP and IFRS used in such determination shall be made
available to Lenders) as if such change had not occurred.

 

Section
1.04           Rounding.
Any financial ratios required to be satisfied in order for a specific action to be permitted under this Agreement shall be calculated
by dividing the appropriate component by the other component, carrying the result to one place more than the number of places
by which such ratio is expressed herein and rounding the result up or down to the nearest number (with a rounding-up if there
is no nearest number).

 

Section
1.05          References
to Agreements, Laws, Etc. Unless otherwise expressly
provided herein, (a) references to Organization Documents, agreements (including the Loan Documents) and other contractual instruments
shall be deemed to include all subsequent amendments, restatements, extensions, supplements and other modifications thereto, but
only to the extent that such amendments, restatements, extensions, supplements and other modifications are permitted by any Loan
Document; (b) references to any Law shall include all statutory and regulatory provisions consolidating, amending, replacing,
supplementing or interpreting such Law; and (c) any reference herein to any Person shall be construed to include such Person’s
successors and permitted assigns.

 

Section
1.06           Times
of Day. Unless otherwise specified, all references
herein to times of day shall be references to Eastern time (daylight or standard, as applicable).

 

Section
1.07          Timing
of Payment or Performance. When the payment of any
obligation or the performance of any covenant, duty or obligation is stated to be due or performance required on a day which is
not a Business Day, the date of such payment (other than as described in the definition of Interest Period) or performance shall
extend to the immediately succeeding Business Day.

 

    -59-

     

    

 

Section
1.08            Currency
Equivalents Generally.

 

(a)           Any amount specified in this Agreement (other than in Article II, Article IX and Article X or
as set forth in paragraph (b) or (c) of this Section) or any of the other Loan Documents to be in Dollars shall also
include the dollar equivalent of such amount in any currency other than Dollars.

 

(b)           Notwithstanding
the foregoing, for purposes of determining compliance with Sections 7.01, 7.02 and 7.03 with respect to any
amount of any Liens, Indebtedness or Investment in a currency other than Dollars, no Default shall be deemed to have occurred
solely as a result of changes in rates of exchange occurring after the time such Lien, Indebtedness or Investment is incurred;
provided that, for the avoidance of doubt, the foregoing provisions of this Section 1.08 shall otherwise apply to
such Sections, including with respect to determining whether any Indebtedness or Investment may be incurred at any time under
such Sections.

 

(c)           For
purposes of determining compliance under Sections 7.02, 7.05 and 7.06, any amount in a currency other than
Dollars will be converted to Dollars in a manner consistent with that used in calculating net income in the annual financial statements
delivered pursuant to Section 6.01(a); provided, however, that the foregoing shall not be deemed to apply
to the determination of any amount of Indebtedness.

 

(d)           For
purposes of determining compliance with any restriction on the incurrence of Indebtedness, the Dollar equivalent of the principal
amount of Indebtedness denominated in a foreign currency shall be calculated based on the exchange rate in effect on the date
such Indebtedness was incurred, in the case of term debt, or first committed, in the case of revolving credit debt; provided
that if such Indebtedness is incurred to extend, replace, refund, refinance, renew or defease other Indebtedness denominated
in a foreign currency, and such extension, replacement, refunding, refinancing, renewal or defeasance would cause the applicable
restriction to be exceeded if calculated at the relevant currency exchange rate in effect on the date of such extension, replacement,
refunding, refinancing, renewal or defeasance, such restriction shall be deemed not to have been exceeded so long as the principal
amount of such refinancing Indebtedness does not exceed the principal amount of such Indebtedness being extended, replaced, refunded,
refinanced, renewed or defeased.

 

Section
1.09            Certain
Calculations and Tests.

 

(a)           Notwithstanding
anything in this Agreement or any Loan Document to the contrary, when calculating any applicable ratio or determining other compliance
with this Agreement (including the determination of compliance with any provision of this Agreement (other than Section 4.02)
which requires that no Default or Event of Default has occurred, is continuing or would result therefrom) in connection with a
Specified Transaction undertaken in connection with the consummation of a Limited Condition Transaction, the date of determination
of such ratio or other applicable covenant and determination of whether any Default or Event of Default has occurred, is continuing
or would result therefrom or other applicable covenant, shall, at the option of the Borrower (the Borrower’s election to
exercise such option in connection with any Limited Condition Transaction, an “LCA Election”), be deemed to
be either (i) the date that the definitive agreements for such Limited Condition Transaction are entered into or (ii) solely in
connection with an acquisition to which the United Kingdom City Code on Takeovers and Mergers (the “City Code”)
applies, the date on which a “Rule 2.7 announcement” of a firm intention to make an offer in respect of a target company
is made in compliance with the City Code (in each case, the “LCA Test Date”) and if, after such ratios and
other provisions are measured on a Pro Forma Basis after giving effect to such Limited Condition Transaction and the other Specified
Transactions to be entered into in connection therewith and the use of proceeds thereof as if they occurred at the beginning of
the four consecutive fiscal quarter period being used to calculate such financial ratio ending prior to the LCA Test Date, the
Borrower could have taken such action on the relevant LCA Test Date in compliance with such ratios and provisions, such provisions
shall be deemed to have been complied with. For the avoidance of doubt, (x) if any of such ratios are exceeded as a result of
fluctuations in such ratio (including due to fluctuations in Consolidated EBITDA of the Parents, the Borrower and the Restricted
Subsidiaries) at or prior to the consummation of the relevant Limited Condition Transaction, such ratios and other provisions
will not be deemed to have been exceeded as a result of such fluctuations solely for purposes of determining whether the Limited
Condition Transaction is permitted hereunder and (y) such ratios and other provisions shall not be tested at the time of consummation
of such Limited Condition Transaction or related Specified Transactions. If the Borrower has made an LCA Election for any Limited
Condition Transaction, then in connection with any subsequent calculation of any ratio or basket availability with respect to
any other Specified Transaction on or following the relevant LCA Test Date and prior to the earlier of the date on which such
Limited Condition Transaction is consummated or the date that the definitive agreement for, or “Rule 2.7 announcement”
in respect of, as applicable, such Limited Condition Transaction is terminated or expires without consummation of such Limited
Condition Transaction, any such ratio or basket shall be calculated on a Pro Forma Basis assuming such Limited Condition Transaction
and other transactions in connection therewith (including any incurrence of Indebtedness and the use of proceeds thereof) have
been consummated.

 

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(b)           Notwithstanding
anything to the contrary herein, with respect to any amounts incurred or transactions entered into (or consummated) in reliance
on a provision of this Agreement that does not require compliance with a financial ratio or test (including, without limitation,
pro forma compliance with any First Lien Senior Secured Leverage Ratio test, any Total Leverage Ratio test and/or Senior Secured
Leverage Ratio test (any such amounts, the “Fixed Amounts”)) substantially concurrently with any amounts incurred
or transactions entered into (or consummated) in reliance on a provision of this Agreement that requires compliance with any such
financial ratio or test (any such amounts, the “Incurrence Based Amounts”), it is understood and agreed that
(i) the Fixed Amounts (and any cash proceeds thereof) and (ii) any Indebtedness resulting from borrowings under the ABL Facility
which occur concurrently or substantially concurrently with the incurrence of the Incurrence Based Amounts shall, in each case,
be disregarded in the calculation of the financial ratio or test applicable to the Incurrence Based Amounts in connection with
such substantially concurrent incurrence, except that incurrences of Indebtedness and Liens constituting Fixed Amounts shall be
taken into account for purposes of Incurrence Based Amounts contained in Section 7.06 or Section 7.08.

 

Section
1.10            LIBOR Discontinuation. Inability to
Determine Rates.

 

(b)           Notwithstanding
anything to the contrary contained in this Agreement or theany
other Loan Documents, if the Administrative Agent determines (which determination shall be conclusive absent manifest
error) that ),
or the Borrower or Required Lenders notify the Administrative Agent (with, in the case of the Required Lenders, a copy to the
Borrower) that the Borrower or Required Lenders (as applicable) have determined, that:

 

(i)            adequate
and reasonable means do not exist for ascertaining LIBOR for any requested Interest
Period hereunder or any other tenors of LIBOR, including,
without limitation, because (i) the LIBOR quote on the applicable Bloomberg screen page (or such
other commercially available source providing such quotations as may be designated by the Administrative Agent from time to time)
(the “LIBOR Screen Rate”) the LIBOR
Screen Rate is not available or published on a current basis and such circumstances are unlikely to be temporary;
or (ii) 

 

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(ii)           the
administrator of the LIBOR Screen Rate or a Governmental Authority having jurisdiction over the Administrative Agent or
such administrator has made a public statement identifying a specific date after which suchLIBOR
or the LIBOR Screen Rate shall no longer be made available,
or used for determining the interest rate of loans, the Administrative Agent shall
notify the Borrower. Thereafter, at the written request of the Borrower or provided
that, at the time of such statement, there is no successor administrator that is satisfactory to the Administrative
Agent, this Agreement and the other Loan Documents may be amended to replace LIBOR with an alternate
floating rate (or a successor to such alternate floating rate) (including any appropriate mathematical adjustments to such alternate
or successor rate (the “LIBOR Successor Rate”) and such conforming changes to the definition of Base Rate, Interest
Period, timing and frequency of determining rates and making payments of interest and other administrative matters as may be appropriate
to reflect the adoption of the LIBOR Successor Rate and to permit the administration thereofthat
will continue to provide LIBOR after such specific date (such specific date, the “Scheduled Unavailability Date”);
or

 

(iii)          the
administrator of the LIBOR Screen Rate or a Governmental Authority having jurisdiction over such administrator has made a public
statement announcing that all Interest Periods and other tenors of LIBOR are no longer representative; or

 

(iv)          syndicated
loans currently being executed, or that include language similar to that contained in this Section 1.10, are being executed or
amended (as applicable) to incorporate or adopt a new benchmark interest rate to replace LIBOR;

 

then,
in the case of clauses (i)-(iii) above, on a date and time determined by the Administrative Agent (any such date, the “LIBOR
Replacement Date”), which date shall be at the end of an Interest Period or on the relevant interest payment date, as applicable,
for interest calculated and shall occur reasonably promptly upon the occurrence of any of the events or circumstances under clauses
(i), (ii) or (iii) above and, solely with respect to clause (ii) above, no
later than the Scheduled Unavailability Date, LIBOR will be replaced hereunder and under any Loan Document with, subject to the
proviso below, the first available alternative set forth in the order below for any payment period for interest calculated that
can be determined by the Administrative Agent in a manner substantially consistent
with market practice) as agreed between the Administrative Agent and the Borrower, giving due consideration to the then prevailing
market convention for determining a rate of interest for syndicated loans in the United States at such time, which amendment shall
become effective , in each case, without
any amendment to, or further action or consent so
long as the of any other party to, this Agreement
or any other Loan Document (the “LIBOR Successor Rate”; and any such rate before giving effect to the Related Adjustment,
the “Pre-Adjustment Successor Rate”):

 

(x)            Term
SOFR plus the Related Adjustment; and

 

(y)
            SOFR plus the Related Adjustment; 

 

and
in the case of clause (iv) above, the Borrower and Administrative Agent
may amend this Agreement solely for the purpose of replacing LIBOR under this Agreement and under any other Loan Document in accordance
with the definition of “LIBOR Successor Rate” and such amendment will become effective at 5:00 p.m., on the fifth Business
Day after the Administrative Agent shall not have received,
within five (5) Business Days after notice of such amendment is provided to the notified
all Lenders, a written notice from  and
the Borrower of the occurrence of the circumstances described in clause (iv) above unless, prior to such time, Lenders comprising
the Required Lenders stating have
delivered to the Administrative Agent written notice that such Required Lenders object to the
implementation of a LIBOR Successor Rate pursuant to such amendment); clause;

 

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provided
that to the extent that,
if the Administrative Agent determines that adoption of any aspect of Term
SOFR has become available, is administratively feasible for the Administrative Agent and would have been identified as the Pre-Adjustment
Successor Rate in accordance with the foregoing if it had been so available at the time that the LIBOR Successor Rate then in effect
was so identified, and the Administrative Agent notifies the Borrower and each Lender of such availability, then from and after
the beginning of the Interest Period, relevant interest payment date or payment period for interest calculated, in each case, commencing
no less than thirty (30) days after the date of such notice, the Pre-Adjustment Successor Rate shall be Term SOFR and the LIBOR
Successor Rate shall be Term SOFR plus the relevant Related Adjustment. 

 

The
Administrative Agent will promptly (in one or more notices) notify the Borrower and each Lender of (x) any occurrence of any of
the events, periods or circumstances under clauses (i) through (iii) above, (y) a LIBOR Replacement Date and (z) the LIBOR Successor
Rate.

 

Any
LIBOR Successor Rate shall be applied in a manner consistent with market practice; provided that to the extent such
market practice is not administratively feasible and commercially practicable for
the Administrative Agent or that no market practice for the administration of such LIBOR Successor
Rate exists, such LIBOR Successor Rate shall be applied in a manner as otherwise reasonably determined by the Administrative
Agent in consultation with the Borrower; provided further that until the .

 

Notwithstanding
anything else herein, if at any time any LIBOR Successor Rate as so determined would otherwise be less than 0.00%, the LIBOR Successor
Rate will be deemed to be 0.00% for the purposes of this Agreement and the other Loan Documents.

 

In
connection with the implementation of a LIBOR Successor Rate, the Administrative Agent will have the right to make LIBOR Successor
Rate Conforming Changes from time to time and, notwithstanding anything to the contrary herein or in any other Loan Document, any
amendments to this Agreement and the other Loan Documentsimplementing
such LIBOR Successor Rate Conforming Changes will become effective pursuant to the
foregoing,without any further action or consent of
any other party to this Agreement; provided that, with respect to any such amendment effected, the Administrative Agent shall post
each such amendment implementing such LIBOR Successor Rate Conforming Changes to the Borrower and the Lenders reasonably promptly
after such amendment becomes effective.

 

If
the events or circumstances of the type described in 1.10(a)(i)-(iii) have occurred with respect to the LIBOR Successor Rate then
in effect, then the successor rate thereto shall be determined in accordance with the definition of “LIBOR Successor Rate.”

 

(c)           Notwithstanding
anything to the contrary herein, (i) after any such determination by the Administrative Agent or receipt by the Administrative
Agent of any such notice described under Section 1.10(a)(i)-(iii), as applicable, if the Administrative Agent determines that
none of the LIBOR Successor Rates is available on or prior to the LIBOR Replacement Date, (ii) if the events or circumstances
described in Section 1.10(a)(iv) have occurred but none of the LIBOR Successor Rates is available, or (iii) if the events or circumstances
of the type described in Section 1.10(a)(i)-(iii) have occurred with respect to the LIBOR Successor Rate then in effect and the
Administrative Agent determines that none of the LIBOR Successor Rates is available, then in each case, the Administrative Agent
and the Borrower may amend this Agreement solely for the purpose of replacing LIBOR or any then current LIBOR Successor Rate in
accordance with this Section 1.10 at the end of any Interest Period, relevant interest payment date or payment period for interest
calculated, as applicable, with another alternate benchmark rate giving due consideration to any evolving or then existing convention
for similar U.S. dollar denominated syndicated credit facilities for such alternative benchmarks and, in each case, including
any Related Adjustments and any other mathematical or other adjustments to such benchmark giving due consideration to any evolving
or then existing convention for similar U.S. dollar denominated syndicated credit facilities for such benchmarks, which adjustment
or method for calculating such adjustment shall be published on an information service as selected by the Administrative Agent
from time to time in its reasonable discretion and may be periodically updated. For the avoidance of doubt, any such proposed
rate and adjustments shall constitute a LIBOR Successor Rate. Any such amendment shall become effective at 5:00 p.m. on the fifth
Business Day after the Administrative Agent shall have posted such proposed amendment to all Lenders and the Borrower unless,
prior to such time, Lenders comprising the Required Lenders have delivered to the Administrative Agent written notice that such
Required Lenders object to such amendment.

 

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(a)(d)               
If,
at the end of any Interest Period, relevant interest payment date or payment period for interest calculated, no LIBOR Successor
Rate has been determined in accordance with clauses (a) or (b) of this Section 1.10 and the circumstances under clauses (a)(i)
or (a)(iii) above exist or the Scheduled Unavailability Date has occurred (as applicable), the Administrative Agent will promptly
so notify the Borrower and each Lender. Thereafter, (x) the obligation of the Lenders to make or maintain Eurocurrency
Rate Loans shall be suspended and any,
(to the extent of the affected Eurocurrency Rate Loan then outstanding shall be converted
into Base Rate Loans (without reference toLoans,
Interest Periods, interest payment dates or payment periods), and (y) the Eurocurrency Rate component thereof)
either on the last day of the Interest Period therefor, if the Lenders shall
no longer be utilized in determining the Base Rate, until the LIBOR Successor Rate has been determined in accordance with clauses
(a) or (b). Upon receipt of such notice, the Borrower may lawfully continue to maintain
suchrevoke
any pending request for a Borrowing of, conversion to or continuation of Eurocurrency Rate Loan
to such day, or immediately, if the Lenders may not lawfully continue to maintain such Loans
(to the extent of the affected Eurocurrency Rate Loan; provided further that in no
event shall the LIBOR Successor Rate be less than zeroLoans,
Interest Periods, interest payment dates or payment periods) or, failing that, will be deemed to have converted such request into
a request for a Borrowing of Base Rate Loans (subject to the foregoing clause (y)) in the amount specified therein.

 

ARTICLE
II

 

The Term Commitments and Credit Extensions

 

Section
2.01                     The
Term Borrowings(a). Subject to the terms and
conditions set forth herein and in the Second Amendment,
each Initial2021
New Term Lender severally agrees to make to the Borrower a single loan in Dollars in a principal amount equal to such
Initial2021 New
Term Lender’s Initial2021
Refinancing Term Commitment and 2021 Incremental Term
Commitments, as applicable, on the ClosingSecond
Amendment Effective Date. Amounts borrowed under this Section 2.01 and repaid or prepaid may not be reborrowed.
Initial2021 New
Term Loans may be Base Rate Loans or Eurocurrency Rate Loans, as further provided herein.

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Section
2.02                     Borrowings,
Conversions and Continuations of Loans.

 

(a)               
Each Term Borrowing, each conversion of Loans from one Type to the other, and each continuation of Eurocurrency Rate Loans
shall be made upon the Borrower’s irrevocable notice, to the Administrative Agent, which may be given by telephone. Each
such notice must be received by the Administrative Agent substantially in the form attached hereto as Exhibit A or any other
form that may be approved by the Administrative Agent (including any form on an electronic platform or electronic transmission
system as shall be approved by the Administrative Agent, (i) in the case of a Eurocurrency Rate Loan, not later than 1:00 p.m.,
New York City time, three (3) Business Days before the date of the proposed Borrowing or (ii) in the case of a Base Rate Loan,
not later than 1:00 p.m., New York City time, on the Business Day of the proposed Borrowing. Each telephonic notice by the
Borrower pursuant to this Section 2.02(a) must be confirmed promptly by hand delivery, telecopy or electronic transmission
to the Administrative Agent of a written Committed Loan Notice, appropriately completed and signed by a Responsible Officer of
the Borrower. Each Borrowing of, conversion to or continuation of Eurocurrency Rate Loans shall be in a principal amount of $1,000,000
or a whole multiple of $100,000 in excess thereof. Each Borrowing of or conversion to Base Rate Loans shall be a minimum of $500,000
(and any amount in excess thereof shall be an integral multiple of $100,000). Each Committed Loan Notice (whether telephonic or
written) shall specify (i) whether the Borrower is requesting a Term Borrowing, a conversion of Loans from one Type to the other,
or a continuation of Eurocurrency Rate Loans, (ii) the requested date of the Borrowing, conversion or continuation, as the case
may be (which shall be a Business Day), (iii) the Class, currency and principal amount of Loans to be borrowed, converted or continued,
(iv) the Type of Loans to be borrowed or to which existing Loans are to be converted, (v) if applicable, the duration of the Interest
Period with respect thereto and (vi) the location and number of the Borrower’s account to which funds are to be disbursed,
which shall comply with the requirements of Section 2.02(b). If the Borrower fails to specify a currency in a Committed
Loan Notice requesting a Borrowing, then the applicable Loans shall be made in Dollars. If the Borrower fails to specify a Type
of Loan in a Committed Loan Notice or fails to give a timely notice requesting a conversion or continuation, then the applicable
Loans shall be made or continued as, or converted to Base Rate Loans; provided, that, notwithstanding anything herein to
the contrary, all Loans denominated in a currency other than Dollars shall be Eurocurrency Rate Loans. Any such automatic conversion
or continuation shall be effective as of the last day of the Interest Period then in effect with respect to the applicable Eurocurrency
Rate Loans. If the Borrower requests a Borrowing of, conversion to, or continuation of Eurocurrency Rate Loans in any such Committed
Loan Notice, but fail to specify an Interest Period, it will be deemed to have specified an Interest Period of one (1) month. For
the avoidance of doubt, the Borrower and Lenders acknowledge and agree that any conversion or continuation of an existing Loan
shall be deemed to be a continuation of that Loan with a converted interest rate methodology and not a new Loan.

 

(b)               
Following receipt of a Committed Loan Notice, the Administrative Agent shall promptly notify each Appropriate Lender of
the amount of its Applicable Percentage of the applicable Class of Loans, and if no timely notice of a conversion or continuation
is provided by the Borrower, the Administrative Agent shall notify each Appropriate Lender of the details of any automatic conversion
to Base Rate Loans or continuation described in Section 2.02(a). In the case of each Borrowing, each Appropriate Lender
shall make (or cause its Applicable Lending Office to make) the amount of its Loan available to the Administrative Agent in immediately
available funds at the Administrative Agent’s Office for the applicable currency not later than 1:00 p.m. on the Business
Day specified in the applicable Committed Loan Notice. Upon satisfaction of the applicable conditions set forth in Section 4.02
(and, if such Borrowing is the Credit Extension on the Closing Date, Section 4.01), the Administrative Agent shall, not
later than 3:00 p.m. on the borrowing date specified in such Committed Loan Notice, make all funds so received available to the
Borrower in like funds as received by the Administrative Agent either by (i) crediting the account of the Borrower maintained with
the Administrative Agent with the amount of such funds or (ii) wire transfer of such funds, in each case in accordance with instructions
provided to (and reasonably acceptable to) the Administrative Agent by the Borrower.

 

(c)               
Except as otherwise provided herein, a Eurocurrency Rate Loan may be continued or converted only on the last day of an Interest
Period for such Eurocurrency Rate Loan unless the Borrower pays the amount due, if any, under Section 3.04 in connection
therewith. During the existence of an Event of Default, the Administrative Agent or the Required Lenders may require that (i) no
Loans may be converted to or continued as Eurocurrency Rate Loans and (ii) unless repaid, each Eurocurrency Rate Loan shall be
converted to a Base Rate Loan at the end of the Interest Period applicable thereto.

 

(d)               
The Administrative Agent shall promptly notify the Borrower and the Lenders of the interest rate applicable to any Interest
Period for Eurocurrency Rate Loans upon determination of such interest rate. The determination of the Eurocurrency Rate by the
Administrative Agent shall be conclusive in the absence of manifest error.

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(e)               
Anything in clauses (a) to (d) above to the contrary notwithstanding, after giving effect to all Term
Borrowings, all conversions of Term Loans from one Type to the other, and all continuations of Term Loans as the same Type, there
shall not be more than ten (10) Interest Periods in effect at any time for all Borrowings of Eurocurrency Rate Loans.

 

(f)                
Unless the Administrative Agent shall have received notice from a Lender prior to the date of any Borrowing, or, in the
case of any Borrowing of Base Rate Loans, prior to 1:00 p.m., New York City time, on the date of such Borrowing, that such Lender
will not make available to the Administrative Agent such Lender’s Applicable Percentage of such Borrowing, the Administrative
Agent may assume that such Lender has made such Applicable Percentage available to the Administrative Agent on the date of such
Borrowing in accordance with clause (b) above, and the Administrative Agent may, in reliance upon such assumption, make
available to the Borrower on such date a corresponding amount. If the Administrative Agent shall have so made funds available,
then, to the extent that such Lender shall not have made such portion available to the Administrative Agent, each of such Lender
and the Borrower severally agrees to repay to the Administrative Agent forthwith on demand such corresponding amount together with
interest thereon, for each day from the date such amount is made available to the Borrower until the date such amount is repaid
to the Administrative Agent at (a) in the case of the Borrower, the interest rate applicable at the time to the Loans comprising
such Borrowing and (b) in the case of such Lender, the greater of (x) the Federal Funds Rate and (y) a rate determined by the Administrative
Agent in accordance with banking industry rules on interbank compensation, plus any administrative, processing or similar fees
customarily charged by the Administrative Agent in accordance with the foregoing. A certificate of the Administrative Agent submitted
to any Lender with respect to any amounts owing under this Section 2.02(f) shall be conclusive in the absence of demonstrable
error. If the Borrower and such Lender shall both pay all or any portion of the principal amount in respect of such Borrowing or
interest to the Administrative Agent for the same or an overlapping period, the Administrative Agent shall promptly remit to the
Borrower the amount of such Borrowing or interest paid by the Borrower for such period. If such Lender pays its share of the applicable
Borrowing to the Administrative Agent, then the amount so paid shall constitute such Lender’s Loan included in such Borrowing.
Any payment by the Borrower shall be without prejudice to any claim the Borrower may have against a Lender that shall have failed
to make such payment to the Administrative Agent.

 

Section
2.03                     [Reserved].

 

Section
2.04                     [Reserved].

 

Section
2.05                     Prepayments.

 

(a)               
Optional Prepayments. (i) The Borrower may, upon notice to the Administrative Agent by the Borrower, at any time
or from time to time voluntarily prepay any Borrowing of any Class in whole or in part without premium or penalty (except as set
forth in Section 2.05(a)(iv)); provided that (1) such notice must be received by the Administrative Agent not later
than 1:00 p.m., New York City time (A) three (3) Business Days prior to any date of prepayment of Eurocurrency Rate Loans
and (B) one (1) Business Day prior to the date of prepayment of Base Rate Loans, (2) any prepayment of Eurocurrency Rate Loans
shall be in a principal amount of $1,000,000 or a whole multiple of $100,000 in excess thereof or, in each case, the entire principal
amount thereof then outstanding and (3) any prepayment of Base Rate Loans shall be in a principal amount of $500,000 or a whole
multiple of $100,000 in excess thereof or, in each case, the entire principal amount thereof then outstanding. Each such notice
shall specify the date and amount of such prepayment and the Class(es) and Type(s) of Loans to be prepaid. The Administrative Agent
will promptly notify each Appropriate Lender of its receipt of each such notice, and of the amount of such Lender’s Applicable
Percentage of such prepayment. If such notice is given by the Borrower, the Borrower shall make such prepayment and the payment
amount specified in such notice shall be due and payable on the date specified therein. Any prepayment of a Eurocurrency Rate Loan
shall be accompanied by all accrued interest thereon, together with any additional amounts required pursuant to Section 3.04.
Each prepayment of the Loans pursuant to this Section 2.05(a) shall be applied to the installments thereof as directed by
the Borrower (it being understood and agreed that if the Borrower does not so direct at the time of such prepayment, such prepayment
shall be applied against the scheduled repayments of Term Loans of the relevant Class under Section 2.07 in direct order
of maturity) and shall be paid to the Appropriate Lenders in accordance with their respective Applicable Percentages.

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(ii)              
[Reserved].

 

(iii)            
Notwithstanding anything to the contrary contained in this Agreement, the Borrower may rescind any notice of prepayment
under Section 2.05(a) if such prepayment would have resulted from a refinancing of all of the Facilities, which refinancing
shall not be consummated or shall otherwise be delayed.

 

(iv)             
In the event that the Borrower (x) makes any prepayment of Initial Term Loans in connection with any Repricing Transaction
or (y) effects any amendment of this Agreement resulting in a Repricing Transaction with respect to Initial Term Loans, in each
case prior to the six (6) month anniversary of the ClosingSecond
Amendment Effective Date, the Borrower shall pay a premium in an amount equal to 1.00% of (A) in the case of clause
(x), the amount of the Initial Term Loan being prepaid or (B) in the case of clause (y), the aggregate amount of the applicable
Initial Term Loans outstanding immediately prior to such amendment, in each case to the Administrative Agent, for the ratable account
of each of the Initial Term Lenders.

 

(b)               
Mandatory Prepayments.

 

(i)                
Commencing with the first full fiscal year of the Parents ending after the Closing Date, within five (5) Business Days after
financial statements have been delivered pursuant to Section 6.01(a) and the related Compliance Certificate has been delivered
pursuant to Section 6.02(a), the Borrower shall, if the Excess Cash Flow of the Parents, the Borrower and the Restricted
Subsidiaries is greater than $5,000,000, cause to be prepaid an aggregate principal amount of Term Loans (such aggregate amount,
the “Excess Cash Flow Prepayment Amount”) equal to (A) 50% (such percentage as it may be reduced as described
below, the “ECF Percentage”) of the amount equal to Excess Cash Flow in excess of $5,000,000, if any, for the
fiscal year covered by such financial statements (commencing with the first full fiscal year ending after the Closing Date), minus
(B) the sum of (1) all voluntary prepayments (including pursuant to debt buybacks made by any Parent, the Borrower or any Restricted
Subsidiary in an amount equal to the amount actually paid in respect thereof) of Term Loans during such fiscal year or after such
fiscal year and prior to the making of such Excess Cash Flow payment and,
(2) all voluntary prepayments of the ABL Facility or any other revolving credit facility during such fiscal year or after such
fiscal year and prior to the making of such ECF payment to the extent the commitments under the ABL Facility or other revolving
credit facility, as applicable, are permanently reduced by the amount of such payments (any voluntary
prepayments, made following the fiscal year end but prior to the making of such prepayment under this clause
(B), an “After Year-End Payment,
(3) without duplication of amounts deducted pursuant to clause (6) below, the amount of Capital Expenditures or acquisitions made
in cash during such period, except to the extent that such Capital Expenditures or acquisitions were financed with the proceeds
of an incurrence or issuance of Indebtedness of the Parents, the Borrower or the Restricted Subsidiaries (other than revolving
loans), (4) without duplication of amounts deducted pursuant to clause (6) below, the amount of Investments and Permitted Acquisitions
made during such period pursuant to Section 7.02 (other than Section 7.02(a), (d), (n) and (z)) except to the extent that such
Investments and Permitted Acquisitions were financed with the proceeds of an incurrence or issuance of Indebtedness of the Parents,
the Borrower or the Restricted Subsidiaries (other than revolving loans), (5) the amount of Restricted Payments paid in cash during
such period pursuant to Section 7.06 (other than Section 7.06(a) (solely in respect of amounts paid to a Parent, the Borrower or
a Restricted Subsidiary), (b), (k) and (r)) except to the extent that such Restricted Payments were financed with the proceeds
of an incurrence or issuance of Indebtedness of the Parents, the Borrower or the Restricted Subsidiaries (other than revolving
loans) and (6) without duplication of amounts deducted in prior periods, the aggregate consideration required to be paid in cash
by any Parent, the Borrower or any Restricted Subsidiary pursuant to binding contracts (the “Contract Consideration”)
entered into prior to or during such period relating to Permitted Acquisitions, Capital Expenditures or acquisitions to be consummated
or made during the period of four consecutive fiscal quarters of the Borrower following the end of such period except to the extent
intended to be financed with the proceeds of an incurrence or issuance of other Indebtedness of the Parents, the Borrower or the
Restricted Subsidiaries (other than revolving loans); provided that to the extent the aggregate amount utilized to finance such
Permitted Acquisitions, Capital Expenditures or acquisitions during such period of four consecutive fiscal quarters is less than
the Contract Consideration, the amount of such shortfall, shall be added to the calculation of Excess Cash Flow at the end of such
period of four consecutive fiscal quarters) (any transaction referred to in this clause (B), made following the fiscal year end
but prior to the making of such prepayment under this clause (b)(i), an “After Year-End Transaction”), except,
in the case of each of the immediately preceding clauses (1) and (2), to the extent such prepayments are funded with
the proceeds of Indebtedness (other than revolving loans) or any Cure Amounts; provided that (y) the ECF Percentage shall
be reduced to 25% if the First Lien Senior Secured Leverage Ratio for the fiscal year (subject to the following proviso) covered
by such financial statements was less than 3.75:1.00 and greater than or equal to 3.25:1.00 and (z) the ECF Percentage shall be
reduced to 0% if the First Lien Senior Secured Leverage Ratio for the fiscal year (subject to the following proviso) covered by
such financial statements was less than 3.25:1.00; provided, further, (I)
to the extent so elected by the Borrower, following the making of any After Year-End PaymentTransaction,
(i) the First Lien Senior Secured Leverage Ratio shall be recalculated giving Pro Forma Effect to such After Year-End PaymentTransaction
as if payment was made during the fiscal year of the applicable Excess Cash Flow prepayment and the ECF Percentage for purposes
of making such Excess Cash Flow prepayment shall be determined by reference to such recalculated First Lien Senior Secured Leverage
Ratio and (ii) such After Year-End PaymentTransaction
shall not be applied to the calculation of the First Lien Senior Secured Leverage Ratio in connection with the determination of
the ECF Percentage for purposes of any subsequent Excess Cash Flow prepayment.
and (II) to the extent any reduction pursuant to clauses (1) or (2)
above reduce the Excess Cash Flow Prepayment Amount below the Excess Cash Flow Prepayment Threshold, such excess amounts for such
fiscal year shall, at the Borrower’s sole option, be carried over to any succeeding fiscal year and shall reduce any Excess
Cash Flow Prepayment Amount on a dollar for dollar basis for such fiscal year.

 

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(ii)              
(A) Subject to Section 2.05(b)(ii)(B), if following the Closing Date (x) any Parent, the Borrower or any Restricted
Subsidiary Disposes of any property or assets (other than any Disposition of any property or assets permitted by Section 7.05(a),
(b), (c), (d) (to the extent constituting a Disposition to a Loan Party, by a Restricted Subsidiary that is
not a Loan Party, or pursuant to clause (iii) of the proviso thereto), (e), (f), (g), (j), (k),
(n), (o), (p), (q), (r) and (s)), or (y) any Casualty Event occurs, which in the aggregate results
in the realization or receipt by any Parent, the Borrower or any Restricted Subsidiary of Net Cash Proceeds, the Borrower shall
make a prepayment, in accordance with Section 2.05(b)(ii)(C), in an amount equal to an aggregate principal amount of Term
Loans equal to 100% (such percentage, the “Asset Percentage”) of all such Net Cash Proceeds realized or received;
provided that (1) no such prepayment shall be required pursuant to this Section 2.05(b)(ii)(A) (I) with respect to
such portion of such Net Cash Proceeds that the Borrower shall have, on or prior to such date, given written notice to the Administrative
Agent of its intent to reinvest in accordance with Section 2.05(b)(ii)(B) (which notice
may only be provided if no Event of Default has occurred and is then continuing) or (II) until the aggregate amount
of Net Cash Proceeds not reinvested in accordance with Section 2.05(b)(ii)(B) within the time periods set forth therein
and not previously applied to such a prepayment exceeds $10,000,000 for any single Disposition or series of related Dispositions
or $20,000,000 in the aggregate during such fiscal year (and thereafter only amounts in excess of such thresholds shall be required
to be prepaid) and (2) if at the time that any such prepayment would be required, any Parent, the Borrower or any of the Restricted
Subsidiaries is required to offer to repurchase or prepay any Indebtedness that is secured by a Lien ranking pari passu with the
Liens securing the Obligations pursuant to the terms of the documentation governing such Indebtedness with the Net Cash Proceeds
of such Disposition or Casualty Event (such Indebtedness required to be offered to be so repurchased or prepaid, “Other
Applicable Indebtedness”), then the Borrower may apply such Net Cash Proceeds on a pro rata basis (determined on the
basis of the aggregate outstanding principal amount of the Term Loans and Other Applicable Indebtedness at such time) to the prepayment
of the Term Loans and to the repurchase or prepayment of Other Applicable Indebtedness, and the amount of prepayment of the Term
Loans that would have otherwise been required pursuant to this Section 2.05(b)(ii)(A) shall be reduced accordingly (provided
that (a) the portion of such Net Cash Proceeds allocated to the Other Applicable Indebtedness shall not exceed the amount of such
Net Cash Proceeds required to be allocated to the Other Applicable Indebtedness pursuant to the terms thereof, and the remaining
amount, if any, of such Net Cash Proceeds shall be allocated to the Term Loans in accordance with the terms hereof and (b) to the
extent the holders of Other Applicable Indebtedness decline to have such indebtedness repurchased or prepaid, the declined amount
shall promptly (and in any event within five (5) Business Days after the date of such rejection) be applied to prepay the Term
Loans in accordance with the terms hereof; provided further that
the Asset Percentage shall be reduced to (i) 50% if the First Lien Senior Secured Leverage Ratio for the most recently ended Test
Period on a Pro Forma Basis is greater than or equal to 2.50:1.00 but less than 3.00:1.00 or (ii) 0% if the First Lien Senior Secured
Leverage Ratio for the most recently ended Test Period on a Pro Forma Basis is less than 2.50:1.00.

 

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(B)             
With respect to any Net Cash Proceeds realized or received with respect to any Disposition (other than any Disposition specifically
excluded from the application of Section 2.05(b)(ii)(A)) or any Casualty Event, at the option of the Borrower, the Borrower
may reinvest an amount equal to all or any portion of such Net Cash Proceeds in assets useful for its business (other than working
capital, except for short-term capital assets but including Permitted Acquisitions and Capital Expenditures) within (x) twelve
(12eighteen (18) months following receipt
of such Net Cash Proceeds or (y) if the Borrower enters into a commitment to reinvest such Net Cash Proceeds within twelve
(12eighteen (18) months following receipt
thereof, one hundred eighty (180) days after the twelve (12eighteen
(18) month period that follows receipt of such Net Cash Proceeds; provided that if any Net Cash Proceeds are
not so reinvested by the deadline specified in clause (x) or (y) above, as applicable, or if any such Net Cash Proceeds
are no longer intended to be or cannot be so reinvested at any time after delivery of a notice of reinvestment election, an amount
equal to the Asset Percentage of any such Net Cash Proceeds shall be applied, in accordance with Section 2.05(b)(ii)(C),
to the prepayment of the Term Loans as set forth in this Section 2.05.

 

(C)             
On each occasion that the Borrower must make a prepayment of the Term Loans pursuant to this Section 2.05(b)(ii), the Borrower
shall, within five (5) Business Days after the date of realization or receipt of such Net Cash Proceeds in the minimum amount
specified above (or, in the case of prepayments required pursuant to Section 2.05(b)(ii)(B), within five (5) Business Days
of the deadline specified in clause (x) or (y) thereof, as applicable, or of the date the Borrower reasonably determines
that such Net Cash Proceeds are no longer intended to be or cannot be so reinvested, as the case may be), make a prepayment, in
accordance with Section 2.05(b)(vi) below, of the principal amount of Term Loans in an amount equal to the Asset Percentage
of such Net Cash Proceeds realized or received.

 

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(iii)            
If, following the Closing Date, any Parent, the Borrower or any Restricted Subsidiary incurs or issues any (A) Refinancing
Term Loans, (B) Indebtedness pursuant to Section 7.03(w) or (C) Indebtedness not expressly permitted to be incurred or issued
pursuant to Section 7.03, the Borrower shall cause to be prepaid an aggregate principal amount of Term Loans equal to 100%
of all Net Cash Proceeds received therefrom on or prior to the date which is five (5) Business Days after the receipt of such Net
Cash Proceeds.

 

(iv)             
The Term Loans will be prepaid in an amount of $40 million on the second business day following the earliest of
(x) January 15, 2018, as such date may be extended pursuant to the terms of the Inventure Acquisition Agreement, unless the Inventure
Acquisition Closing Date occurs on or prior to such date (as extended), (y) the consummation of the Inventure Acquisition without
the use of the proceeds in the Inventure Account and (z) prior to the consummation of the Inventure Acquisition, the termination
of the Inventure Acquisition Agreement in accordance with its terms.

 

(iv)               
[reserved].

 

(v)             
Each prepayment of Term Loans pursuant to this Section 2.05(b) shall be applied to the installments thereof in direct
order of maturity pursuant to Section 2.07 following the applicable prepayment event; provided that any mandatory
prepayment pursuant to Section 2.05 shall be applied on a pro rata basis to the Term Loans and, except to the extent a lesser
prepayment is required pursuant to the applicable Incremental Facility Amendment or Extension Offer with respect to any applicable
Class of Incremental Term Loans or Extended Term Loans, any Incremental Term Loans and Extended Term Loans. Each such prepayment
shall be paid to the Lenders in accordance with their respective Applicable Percentages subject to clause (vi) of this Section
2.05(b).

 

(vi)           
The Borrower shall notify the Administrative Agent in writing of any mandatory prepayment of Term Loans required to be made
pursuant to clauses (i), (ii), and (iii) of this Section 2.05(b) prior to 1:00 p.m. at least five (5)
Business Days (or such lesser number of Business Days as shall be acceptable to the Administrative Agent) on the date of such prepayment.
Each such notice shall specify the date of such prepayment and provide a reasonably detailed calculation of the amount of such
prepayment. The Administrative Agent will promptly notify each Appropriate Lender of the contents of the Borrower’s prepayment
notice and of such Appropriate Lender’s Applicable Percentage of the prepayment. Each Appropriate Lender may reject all of
its Applicable Percentage of any mandatory prepayment (such declined amounts, the “Declined Proceeds”) of Term
Loans required to be made pursuant to clauses (i) or (ii) of this Section 2.05(b) by providing written notice
(each, a “Rejection Notice”) to the Administrative Agent and the Borrower no later than 5:00 p.m. three
(3) Business Days after the date of such Lender’s receipt of notice from the Administrative Agent regarding such prepayment.
Each Rejection Notice from a given Lender shall specify the principal amount of the mandatory prepayment of Term Loans to be rejected
by such Lender. If a Lender fails to deliver a Rejection Notice to the Administrative Agent within the time frame specified above
or such Rejection Notice fails to specify the principal amount of the Term Loans to be rejected, any such failure will be deemed
an acceptance of the total amount of such mandatory repayment of Term Loans. Any Declined Proceeds
shall be offered to the Lenders under the Second Lien Credit Agreement and such Lenders may decline pursuant to the terms set forth
therein. Any Declined Proceeds also declined under the Second Lien Credit AgreementAny
Declined Proceeds shall be retained by the Borrower (“Retained Declined Proceeds”).

 

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(vii)         
[Reserved].

 

(viii)         Notwithstanding
any other provision of this Section 2.05(b), (i) to the extent that any or all of the Net Cash Proceeds of any Disposition
by a Restricted Subsidiary that is a Foreign Subsidiary otherwise giving rise to a prepayment pursuant to Section 2.05(b)(ii)
(a “Restricted Disposition”), the Net Cash Proceeds of any Casualty Event of a Restricted Subsidiary that
is a Foreign Subsidiary (a “Restricted Casualty Event”), or Excess Cash Flow attributable to a Foreign Subsidiary
would be prohibited or delayed by applicable local law from being distributed or otherwise transferred to the Borrower, the realization
or receipt of the portion of such Net Cash Proceeds or Excess Cash Flow so affected will not be taken into account in measuring
the Borrower’s obligation to repay Term Loans at the times provided in Section 2.05(b)(i), or the Borrower shall
not be required to make a prepayment at the time provided in Section 2.05(b)(ii), as the case may be, for so long, but
only so long, as the applicable local law will not permit such distribution or transfer (the Borrower hereby agreeing to cause
the applicable Restricted Subsidiary to promptly take all commercially reasonable actions available under the applicable local
law to permit such repatriation), and once distribution or transfer of any of such affected Net Cash Proceeds or Excess Cash Flow
is permitted under the applicable local law, the amount of such Net Cash Proceeds or Excess Cash Flow permitted to be distributed
or transferred (net of additional taxes payable or reserved against as a result thereof) will be promptly (and in any event not
later than two (2) Business Days after such distribution or transfer is permitted) taken into account in measuring the Borrower’s
obligation to repay the Term Loans pursuant to this Section 2.05(b) to the extent provided herein and (ii) to the extent
that the Borrower has determined in good faith (as set forth in a written notice delivered to the Administrative Agent) that repatriation
of any or all of the Net Cash Proceeds of any Restricted Disposition or any Restricted Casualty Event or Excess Cash Flow attributable
to a Foreign Subsidiary would have a material adverse tax consequence (taking into account any foreign tax credit or benefit received
in connection with such repatriation), the amount of the Net Cash Proceeds or Excess Cash Flow so affected shall not be taken
into account in measuring the Borrower’s obligation to repay Term Loans pursuant to this Section 2.05(b). For the
avoidance of doubt, Net Cash Proceeds and Excess Cash Flow (and related income) excluded from application under Section 2.05(b)(i)
or (ii) by operation of this Section 2.05(b)(viii) shall also be excluded in any determinations of Restricted
Payments permitted to be made pursuant to Section 7.06 (including, without limitation, for purposes of clauses (b) and
(f) of the definition of “Available Amount”).

 

(c)               
Interest, Funding Losses, Etc. All prepayments under this Section 2.05 shall be accompanied by all accrued
interest thereon, together with, in the case of any such prepayment of a Eurocurrency Rate Loan on a date other than the last day
of an Interest Period therefor, any amounts owing in respect of such Eurocurrency Rate Loan pursuant to Section 3.04.

 

Notwithstanding
any of the other provisions of this Section 2.05, so long as no Event of Default shall have occurred and be continuing, if any
prepayment of Eurocurrency Rate Loans is required to be made under this Section 2.05, prior to the last day of the Interest Period
therefor, in lieu of making any payment pursuant to this Section 2.05 in respect of any such Eurocurrency Rate Loan prior to the
last day of the Interest Period therefor, the Borrowers may, in their sole discretion, deposit with the Administrative Agent the
amount of any such prepayment otherwise required to be made hereunder until the last day of such Interest Period, at which time
the Administrative Agent shall be authorized (without any further action by or notice to or from the Borrowers or any other Loan
Party) to apply such amount to the prepayment of such Loans in accordance with this Section 2.05. Such deposit shall constitute
cash collateral for the Eurocurrency Rate Loans to be so prepaid, provided that the Borrowers may at any time direct that such
deposit be applied to make the applicable payment required pursuant to this Section 2.05.

 

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(d)               
Discounted Voluntary Prepayments.

 

(i)                
Notwithstanding anything to the contrary set forth in this Agreement (including Section 2.13) or any other Loan Document,
the Borrower shall have the right at any time and from time to time to prepay one or more Classes of Term Loans to the Lenders
at a discount to the par value of such Loans and on a non pro rata basis (each, a “Discounted Voluntary Prepayment”)
pursuant to the procedures described in this Section 2.05(d), provided that (A) any Discounted Voluntary Prepayment
shall be offered to all Lenders of such Class on a pro rata basis, (B) after giving effect to the Discounted Voluntary Prepayment,
the aggregate Outstanding Amount of all Term Loans that are held by Affiliated Lenders (other than Affiliated Debt Funds) shall
not exceed 25% of the aggregate Outstanding Amount of the Term Loans then outstanding and (C) the Borrower shall deliver to the
Administrative Agent, together with each Discounted Prepayment Option Notice, a certificate of a Responsible Officer of the Borrower
(1) stating that no Specified Event of Default (in each case, with respect to the Borrower and any Parent) has occurred and is
continuing or would result from the Discounted Voluntary Prepayment, (2) stating that each of the conditions to such Discounted
Voluntary Prepayment contained in this Section 2.05(d) has been satisfied and (3) specifying the aggregate principal amount
of Term Loans of any Class offered to be prepaid pursuant to such Discounted Voluntary Prepayment.

 

(ii)              
To the extent the Borrower seeks to make a Discounted Voluntary Prepayment, the Borrower will provide written notice to
the Administrative Agent substantially in the form of Exhibit I hereto (each, a “Discounted Prepayment Option
Notice”) that the Borrower desires to prepay Term Loans of one or more specified Classes in an aggregate principal amount
specified therein by the Borrower (each, a “Proposed Discounted Prepayment Amount”), in each case at a discount
to the par value of such Loans as specified below. The Proposed Discounted Prepayment Amount of any Loans shall not be less than
$10,000,000. The Discounted Prepayment Option Notice shall further specify with respect to the proposed Discounted Voluntary Prepayment
(A) the Proposed Discounted Prepayment Amount for Loans to be prepaid, (B) a discount range (which may be a single percentage)
selected by the Borrower with respect to such proposed Discounted Voluntary Prepayment equal to a percentage of par of the principal
amount of the Loans to be prepaid (the “Discount Range”), and (C) the date by which Lenders are required to
indicate their election to participate in such proposed Discounted Voluntary Prepayment, which shall be at least five Business
Days from and including the date of the Discounted Prepayment Option Notice (the “Acceptance Date”).

 

(iii)            
Upon receipt of a Discounted Prepayment Option Notice, the Administrative Agent shall promptly notify each applicable Lender
thereof. On or prior to the Acceptance Date, each such Lender may specify by written notice substantially in the form of Exhibit
J hereto (each, a “Lender Participation Notice”) to the Administrative Agent (A) a maximum discount to par
(the “Acceptable Discount”) within the Discount Range (for example, a Lender specifying a discount to par of
20% would accept a purchase price of 80% of the par value of the Term Loans to be prepaid) and (B) a maximum principal amount (subject
to rounding requirements specified by the Administrative Agent) of the Term Loans to be prepaid held by such Lender with respect
to which such Lender is willing to permit a Discounted Voluntary Prepayment at the Acceptable Discount (“Offered Loans”).
Based on the Acceptable Discounts and principal amounts of the Term Loans to be prepaid specified by the Lenders in the applicable
Lender Participation Notice, the Administrative Agent, in consultation with the Borrower, shall determine the applicable discount
for such Term Loans to be prepaid (the “Applicable Discount”), which Applicable Discount shall be (A) the percentage
specified by the Borrower if the Borrower has selected a single percentage pursuant to Section 2.05(d)(ii) for the Discounted
Voluntary Prepayment or (B) otherwise, the highest Acceptable Discount at which the Borrower can pay the Proposed Discounted Prepayment
Amount in full (determined by adding the Outstanding Amount of Offered Loans commencing with the Offered Loans with the highest
Acceptable Discount); provided, however, that in the event that such Proposed Discounted Prepayment Amount cannot
be repaid in full at any Acceptable Discount, the Applicable Discount shall be the lowest Acceptable Discount specified by the
Lenders that is within the Discount Range. The Applicable Discount shall be applicable for all Lenders who have offered to participate
in the Discounted Voluntary Prepayment and have Qualifying Loans. Any Lender with outstanding Term Loans to be prepaid whose Lender
Participation Notice is not received by the Administrative Agent by the Acceptance Date shall be deemed to have declined to accept
a Discounted Voluntary Prepayment of any of its Loans at any discount to their par value within the Applicable Discount.

 

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(iv)             
The Borrower shall make a Discounted Voluntary Prepayment by prepaying those Term Loans to be prepaid (or the respective
portions thereof) offered by the Lenders (“Qualifying Lenders”) that specify an Acceptable Discount that is
equal to or greater than the Applicable Discount (“Qualifying Loans”) at the Applicable Discount, provided
that if the aggregate proceeds required to prepay all Qualifying Loans (disregarding any interest payable at such time) would exceed
the amount of aggregate proceeds required to prepay the Proposed Discounted Prepayment Amount, such amounts in each case calculated
by applying the Applicable Discount, the Borrower shall prepay such Qualifying Loans ratably among the Qualifying Lenders based
on their respective principal amounts of such Qualifying Loans (subject to rounding requirements specified by the Administrative
Agent). If the aggregate proceeds required to prepay all Qualifying Loans (disregarding any interest payable at such time) would
be less than the amount of aggregate proceeds required to prepay the Proposed Discounted Prepayment Amount, such amounts in each
case calculated by applying the Applicable Discount, the Borrower shall prepay all Qualifying Loans.

 

(v)               
Each Discounted Voluntary Prepayment shall be made within five (5) Business Days of the Acceptance Date (or such later date
as the Administrative Agent shall reasonably agree, given the time required to calculate the Applicable Discount and determine
the amount and holders of Qualifying Loans), without premium or penalty (but subject to Section 3.04), upon irrevocable
notice substantially in the form of Exhibit K hereto (each a “Discounted Voluntary Prepayment Notice”),
delivered to the Administrative Agent no later than 1:00 p.m., New York City time, three (3) Business Days prior to the date
of such Discounted Voluntary Prepayment, which notice shall specify the date and amount of the Discounted Voluntary Prepayment
and the Applicable Discount determined by the Administrative Agent. Upon receipt of any Discounted Voluntary Prepayment Notice,
the Administrative Agent shall promptly notify each relevant Lender thereof. If any Discounted Voluntary Prepayment Notice is given,
the amount specified in such notice shall be due and payable to the applicable Lenders, subject to the Applicable Discount on the
applicable Loans, on the date specified therein together with accrued interest (on the par principal amount) to but not including
such date on the amount prepaid. The par principal amount of each Discounted Voluntary Prepayment of a Term Loan shall be applied
ratably to reduce the remaining installments of such Class of Term Loans (as applicable).

 

(vi)             
To the extent not expressly provided for herein, each Discounted Voluntary Prepayment shall be consummated pursuant to procedures
(including as to timing, rounding, minimum amounts, Type and Interest Periods and calculation of Applicable Discount in accordance
with Section 2.05(d)(ii) above) established by the Administrative Agent and the Borrower, each acting reasonably.

 

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(vii)          Prior
to the delivery of a Discounted Voluntary Prepayment Notice, (A) upon written notice to the Administrative Agent, the Borrower
may withdraw or modify its offer to make a Discounted Voluntary Prepayment pursuant to any Discounted Prepayment Option Notice
and (B) no Lender may withdraw its offer to participate in a Discounted Voluntary Prepayment pursuant to any Lender Participation
Notice unless the terms of such proposed Discounted Voluntary Prepayment have been modified by the Borrower after the date of
such Lender Participation Notice.

 

(viii)         Nothing
in this Section 2.05(d) shall require the Borrower to undertake any Discounted Voluntary Prepayment.

 

Section
2.06                     Termination
or Reduction of Term Commitments.

 

(a)               
Optional. The Borrower may, upon written notice to the Administrative Agent, terminate the unused Term Commitments
of any Class, or from time to time permanently reduce the unused Term Commitments of any Class; provided that (i) any such
notice shall be received by the Administrative Agent three (3) Business Days prior to the date of termination or reduction and
(ii) any such partial reduction shall be in an aggregate amount of $5,000,000 or any whole multiple of $1,000,000 in excess thereof.
Notwithstanding the foregoing, the Borrower may rescind or postpone any notice of termination of the Term Commitments if such termination
would have resulted from a refinancing of all of the Facilities, which refinancing shall not be consummated or otherwise shall
be delayed.

 

(b)                 Mandatory.
The Initial Term Commitment of each Initial Term Lender shall be automatically and permanently reduced to $0 upon the making of
such Initial Term Lender’s Initial Term Loans pursuant to Section 2.01 on the Closing Date. The
applicable 2021 Refinancing Term Commitment and 2021 Incremental Term Commitment of each Additional Lender party to Amendment
No. 2 shall be automatically and permanently reduced to $0 upon the making of such Additional Lender’s Term Loans pursuant
to Section 2.01.

 

(c)               
Application of Commitment Reductions; Payment of Fees. The Administrative Agent will promptly notify the Lenders
of any termination or reduction of unused Commitments of any Class under this Section 2.06.

 

Section
2.07                    Repayment
of Loans. The Borrower shall repay to the Administrative
Agent for the ratable account of the Initial Term Lenders holding Initial Term Loans in Dollars (i) on the last Business Day of
each March, June, September and December, commencing with the secondfirst
such date to occur after the ClosingSecond
Amendment Effective Date, an aggregate principal amount equal to 0.25% of the aggregate principal amount of the Initial2021
New Term Loans funded on the ClosingSecond
Amendment Effective Date and (ii) on the Maturity Date for the Initial2021
New Term Loans, the aggregate principal amount of all Initial2021
New Term Loans outstanding on such date; provided that payments required by clause (i) above shall be
reduced as a result of the application of prepayments in accordance with Section 2.05. In the event any Incremental
Term Loans or Extended Term Loans are made, such Incremental Term Loans or Extended Term Loans, as applicable, shall be repaid
by the Borrower in the amounts and on the dates set forth in the definitive documentation with respect thereto and on the applicable
Maturity Date thereof.

 

Section
2.08                     Interest.

 

(a)               
Subject to the provisions of Section 2.08(b), (i) each Eurocurrency Rate Loan shall bear interest on the outstanding
principal amount thereof for each Interest Period at a rate per annum equal to the Eurocurrency Rate for such Interest Period plus
the Applicable Rate; and (ii) each Base Rate Loan shall bear interest on the outstanding principal amount thereof from the applicable
borrowing date at a rate per annum equal to the Base Rate plus the Applicable Rate.

 

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(b)                 The
Borrower shall pay interest on past due amounts under this Agreement at a fluctuating interest rate per annum at all times equal
to the Default Rate to the fullest extent permitted by applicable Laws. Accrued and unpaid interest on past due amounts (including
interest on past due interest) shall be due and payable upon demand to the fullest extent permitted by and subject to applicable
Laws, including in relation to any required additional agreements.

 

(c)                  Interest
on each Loan shall be due and payable in arrears on each Interest Payment Date applicable thereto and at such other times as may
be specified herein. Interest hereunder shall be due and payable in accordance with the terms hereof before and after judgment,
and before and after the commencement of any proceeding under any Debtor Relief Law.

 

Section
2.09                    Fees.
The Borrower shall pay to the Agents such fees as shall have been separately agreed upon in writing in the amounts and at the
times so specified. Such fees shall be fully earned when paid and shall not be refundable for any reason whatsoever (except as
expressly agreed between the Borrower and the applicable Agent).

 

Section
2.10                    Computation
of Interest and Fees. All computations of interest
for Base Rate Loans when the Base Rate is determined by the “corporate base rate” shall be made on the basis of a
year of three hundred sixty five (365) days or three hundred sixty six (366) days, as the case may be, and actual days elapsed.
All other computations of fees and interest shall be made on the basis of a three hundred sixty (360) day year and actual days
elapsed. Interest shall accrue on each Loan for the day on which such Loan is made, and shall not accrue on such Loan, or any
portion thereof, for the day on which such Loan or such portion is paid; provided that any such Loan that is repaid on the same
day on which it is made shall, subject to Section 2.12(a), bear interest for one (1) day. Each determination by
the Administrative Agent of an interest rate or fee hereunder shall be conclusive and binding for all purposes, absent manifest
error.

 

Section
2.11                     Evidence
of Indebtedness.

 

(a)                  The
Credit Extensions made by each Lender shall be evidenced by one or more accounts or records maintained by such Lender and by one
or more entries in the Register. Any failure to so record or any error in doing so shall not, however, limit or otherwise affect
the obligation of the Borrower hereunder to pay any amount owing with respect to the Obligations. In the event of any conflict
between the accounts and records maintained by any Lender and the Register, the Register shall be conclusive in the absence of
demonstrable error. Upon the request of any Lender made through the Administrative Agent, the Borrower shall execute and deliver
to such Lender (through the Administrative Agent) a Term Note payable to such Lender or its registered assigns, which shall evidence
such Lender’s Loans in addition to such accounts or records. Each Lender may attach schedules to its Term Note and endorse
thereon the date, Type (if applicable), amount and maturity of its Loans and payments with respect thereto.

 

Section
2.12                     Payments
Generally.

 

(a)                  All
payments to be made by the Borrower shall be made without condition or deduction for any counterclaim, defense, recoupment or
setoff. Except as otherwise expressly provided herein, all payments by the Borrower hereunder shall be made to the Administrative
Agent, for the account of the respective Lenders to which such payment is owed, at the applicable Administrative Agent’s
Office in Dollars and in Immediately Available Funds not later than 3:00 p.m. on the date specified herein. The Administrative
Agent will promptly distribute to each Lender its Applicable Percentage (or other applicable share as provided herein) of such
payment in like funds as received by wire transfer to such Lender’s Applicable Lending Office. All payments received by
the Administrative Agent after 3:00 p.m. shall be deemed received on the next succeeding Business Day and any applicable
interest or fee shall continue to accrue.

 

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(b)               
Except as set forth in the definition of “Interest Period”, if any payment to be made by the Borrower shall
come due on a day other than a Business Day, payment shall be made on the next following Business Day, and such extension of time
shall be reflected in computing interest or fees, as the case may be.

 

(c)               
Unless the Borrower or any Lender has notified the Administrative Agent, prior to the date any payment is required to be
made by it to the Administrative Agent hereunder, that the Borrower or such Lender, as the case may be, will not make such payment,
the Administrative Agent may assume that the Borrower or such Lender, as the case may be, has timely made such payment and may
(but shall not be so required to), in reliance thereon, make available a corresponding amount to the Person entitled thereto.
If and to the extent that such payment was not in fact made to the Administrative Agent in immediately available funds, then:

 

(i)                
if the Borrower failed to make such payment, then the applicable Lender agrees to pay to the Administrative Agent forthwith
on demand the portion of such assumed payment that was made available to such Lender in immediately available funds, together with
interest thereon in respect of each day from and including the date such amount was made available by the Administrative Agent
to such Lender to the date such amount is repaid to the Administrative Agent in immediately available funds at the greater of the
Federal Funds Rate and a rate determined by the Administrative Agent in accordance with banking industry rules on interbank compensation,
it being understood that nothing herein shall be deemed to relieve any Lender from its obligation to fulfill its Term Commitment
or to prejudice any rights which the Administrative Agent or the Borrower may have against any Lender as a result of any default
by such Lender hereunder; and

 

(ii)              
if any Lender failed to make such payment, such Lender shall forthwith on demand pay to the Administrative Agent the amount
thereof in immediately available funds, together with interest thereon for the period from the date such amount was made available
by the Administrative Agent to the Borrower to the date such amount is recovered by the Administrative Agent (the “Compensation
Period”) at the greater of the Federal Funds Rate and a rate determined by the Administrative Agent in accordance with
banking industry rules on interbank compensation. When such Lender makes payment to the Administrative Agent (together with all
accrued interest thereon), then such payment amount (excluding the amount of any interest which may have accrued and been paid
in respect of such late payment) shall constitute such Lender’s Loan included in the applicable Borrowing. If such Lender
does not pay such amount forthwith upon the Administrative Agent’s demand therefor, the Administrative Agent may make a demand
therefor upon the Borrower, and the Borrower shall pay such amount to the Administrative Agent, together with interest thereon
for the Compensation Period at the interest rate applicable to such Loan. Nothing herein shall be deemed to relieve any Lender
from its obligation to fulfill its Term Commitment or to prejudice any rights which the Administrative Agent or the Borrower may
have against any Lender as a result of any default by such Lender hereunder.

 

A
notice of the Administrative Agent to any Lender or the Borrower with respect to any amount owing under this Section
2.12(c) shall be conclusive, absent demonstrable error.

 

(d)               
If any Lender makes available to the Administrative Agent funds for any Loan to be made by such Lender as provided in the
foregoing provisions of this Article II, and such funds are not made available to the Borrower by the Administrative Agent
because the conditions to the applicable Credit Extension set forth in Article IV are not satisfied or waived in accordance
with the terms hereof, the Administrative Agent shall return such funds (in like funds as received from such Lender) to such Lender,
without interest.

 

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(e)               The
obligations of the Lenders hereunder to make Loans are several and not joint. The failure of any Lender to make any Loan or to
fund any such participation on any date required hereunder shall not relieve any other Lender of its corresponding obligation
to do so on such date, and no Lender shall be responsible for the failure of any other Lender to so make its Loan or purchase
its participation.

 

(f)                Nothing
herein shall be deemed to obligate any Lender to obtain the funds for any Loan in any particular place or manner or to constitute
a representation by any Lender that it has obtained or will obtain the funds for any Loan in any particular place or manner.

 

(g)               Whenever
any payment received by the Administrative Agent under this Agreement or any of the other Loan Documents is insufficient to pay
in full all amounts due and payable to the Administrative Agent and the Lenders under or in respect of this Agreement and the
other Loan Documents on any date, such payment shall be distributed by the Administrative Agent and applied by the Administrative
Agent and the Lenders in the order of priority set forth in Section 8.04. If the Administrative Agent receives funds for
application to the Obligations of the Loan Parties under or in respect of the Loan Documents under circumstances for which the
Loan Documents do not specify the manner in which such funds are to be applied, the Administrative Agent may, but shall not be
obligated to, elect to distribute such funds to each of the Lenders in accordance with such Lender’s Applicable Percentage
of the Outstanding Amount of all Loans outstanding at such time, in repayment or prepayment of such of the outstanding Loans or
other Obligations then owing to such Lender.

 

Section
2.13                  Sharing
of Payments. If, other than as expressly provided
elsewhere herein, any Lender shall obtain on account of the Loans made by it any payment (whether voluntary, involuntary, through
the exercise of any right of setoff, or otherwise) in excess of its ratable share (or other share contemplated hereunder) thereof,
such Lender shall immediately (a) notify the Administrative Agent of such fact, and (b) purchase from the other Lenders such participations
in the Loans made by them as shall be necessary to cause such purchasing Lender to share the excess payment in respect of such
Loans or such participations, as the case may be, pro rata with each of them; provided that (x) if all or any portion of
such excess payment is thereafter recovered from the purchasing Lender under any of the circumstances described in Section
10.06 (including pursuant to any settlement entered into by the purchasing Lender in its discretion), such purchase shall
to that extent be rescinded and each other Lender shall repay to the purchasing Lender the purchase price paid therefor, together
with an amount equal to such paying Lender’s ratable share (according to the proportion of (i) the amount of such paying
Lender’s required repayment to (ii) the total amount so recovered from the purchasing Lender) of any interest or other amount
paid or payable by the purchasing Lender in respect of the total amount so recovered, without further interest thereon, (y) the
provisions of this Section 2.13 shall not be construed to apply to any payment made by the Borrower pursuant to and in
accordance with the express terms of this Agreement or any payment obtained by a Lender as consideration for the assignment of
or sale of a participation in any of its Loans to any assignee or participant and (z) the provisions of this Section 2.13
shall not be construed to apply to any disproportionate payment obtained by a Lender of any Class as a result of the extension
by Lenders of the maturity date or expiration date of some but not all Loans or Term Commitments of that Class or any increase
in the Applicable Rate (or other pricing term, including any fee, discount or premium) in respect of Loans or Term Commitments
of Lenders that have consented to any such extension to the extent such transaction is permitted hereunder. The Borrower agree
that any Lender so purchasing a participation from another Lender may, to the fullest extent permitted by applicable Law, exercise
all its rights of payment (including the right of setoff, but subject to Section 10.09) with respect to such participation
as fully as if such Lender were the direct creditor of the Borrower in the amount of such participation. The Administrative Agent
will keep records (which shall be conclusive and binding in the absence of demonstrable error) of participations purchased under
this Section 2.13 and will in each case notify the Lenders following any such purchases or repayments. Each Lender that
purchases a participation pursuant to this Section 2.13 shall from and after such purchase have the right to give all notices,
requests, demands, directions and other communications under this Agreement with respect to the portion of the Obligations purchased
to the same extent as though the purchasing Lender were the original owner of the Obligations purchased.

 

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Section
2.14                  Incremental
Credit Extensions.

 

(a)               At
any time and from time to time, subject to the terms and conditions set forth herein, the Borrower may, by notice to the Administrative
Agent (whereupon the Administrative Agent shall promptly deliver a copy to each of the Lenders), request to increase the amount
of Term Loans or add one or more additional tranches of term loans (any such Term Loans or additional tranche of term loans, the
 “Incremental Term Loans” or the “Incremental Facilities”). Notwithstanding anything to contrary
herein, the aggregate principal amount of all Incremental Facilities (other than Refinancing Term Loans) (determined at the time
of incurrence), together with the aggregate principal amount of all Permitted Alternative Incremental Facilities Debt, shall not
exceed the sum of (i) the Unrestricted Incremental First Lien Amount minus the
aggregate principal amount of “Incremental Term Loans” and “Permitted Alternative Incremental Facilities Debt”
incurred under the Unrestricted Incremental Second Lien Amount (each as defined in the Second Lien Credit Agreement)
plus (ii) the amount of any voluntary prepayments, repurchases, redemptions or other retirements of the Term Loans effected
after the Closing Date (including pursuant to debt buy-backs made by any Parent, the Borrower or any Restricted Subsidiary pursuant
to “Dutch Auction” procedures and open market purchases permitted hereunder, in an amount equal to the discounted
amount actually paid in respect thereof, but excluding (A) any prepayment of Term Loans with the proceeds of substantially concurrent
borrowings of new Loans hereunder and (B) prepayments with the proceeds of substantially concurrent incurrence of other long term
Indebtedness (other than borrowings under the ABL Facility or other revolving indebtedness)) (this clause (ii), the “Voluntary
Prepayment Amount”) plus (iii) unlimited additional Incremental Facilities and Permitted Alternative Incremental
Facilities Debt so long as, after giving Pro Forma Effect thereto and after giving effect to any Permitted Acquisition consummated
in connection therewith and all other appropriate Pro Forma Adjustments (but excluding the cash proceeds of any such Incremental
Term Loans), the First Lien Senior Secured Leverage Ratio for the most recently ended Test Period shall not exceed 4.00:1.00 (or,
to the extent such Incremental Term Loans are incurred in connection with any Permitted Acquisition or similar Investment not
prohibited by the Loan Documents, the First Lien Senior Secured Leverage Ratio for the most recently ended Test Period does not
exceed the greater of 4.00:1.00 and the First Lien Senior Secured Leverage Ratio immediately prior to such Permitted Acquisition
or permitted Investment) (other than (x) amounts incurred concurrently with the incurrence of Indebtedness incurred
in reliance on the Unrestricted Incremental First Lien Amount and/or the Voluntary Prepayment Amount and (y) amounts incurred
concurrently or substantially concurrently with the incurrence of Indebtedness pursuant to drawings under the ABL Facility, in
which case the First Lien Senior Secured Leverage Ratio may exceed 4.00:1.00, as a result of the incurrence of such amounts, and
it being understood that Incremental Facilities may be incurred pursuant to this clause (iii) prior to utilization of the
Unrestricted Incremental First Lien Amount and the Voluntary Prepayment Amount) (this clause (iii), the “Incremental
Incurrence Test”). Each Incremental Facility shall be in an integral multiple of $1,000,000 and be in an aggregate principal
amount that is not less than $5,000,000, provided that such amount may be less than the applicable minimum amount if such
amount represents all the remaining availability hereunder as set forth above. Each Incremental Facility shall have the same guarantees
as, and be secured on a pari passu basis by the same Collateral securing, all of the other Obligations hereunder.

 

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(b)               Any
Incremental Term Loans (other than Refinancing Term Loans) (i) for purposes of prepayments, shall be treated substantially the
same as (and in any event no more favorably than) the Initial Term Loans, (ii) shall have interest rate margins and (subject to
clauses (iii) and (iv)) amortization schedule as determined by the Borrower and the lenders thereunder (provided
that, if the Effective Yield of any in
the case of any Incremental Term Loans (or, as applicable, Permitted Alternative Incremental Facilities or Indebtedness permitted
pursuant to Section 7.03(r)) incurred within one year after the Second Amendment Effective Date, (A) in an aggregate principal
amount, together with any Permitted Alternative Incremental Facilities and Indebtedness permitted pursuant to Section 7.03(r),
in excess of the greater of (I) $202,000,000 and (II) 100% of Consolidated EBITDA as of the most recent Test Period, (B) scheduled
to mature prior to the date that is one (1) year after the Maturity Date applicable to the Initial Term Loans, (C) not incurred
to finance a Permitted Acquisition or other similar Investment and (D) not constituting loans under any Qualifying Bridge Facility
(any such Term Loans incurred within one year after the Second Amendment Effective Date and meeting the criteria of clauses (A)
through (D) and the following proviso, “Qualifying Term Loans”), if the Effective Yield of such Incremental
Term Loans incurred after the Closing Date exceeds the Effective Yield of the Initial Term Loans immediately prior to the effectiveness
of the applicable Incremental Facility Amendment by more than 0.50% per annum, the Applicable Rate and/or, as set forth below,
the interest rate floor relating to the Initial Term Loans shall be adjusted such that the Effective Yield of the Initial Term
Loans is equal to the Effective Yield of such Incremental Term Loans minus 0.50% per annum (the foregoing, collectively,
the “MFN Adjustment”); provided, further, that any increase in Effective Yield with respect to
the Initial Term Loans due to the application of an interest rate floor to any Incremental Term Loan greater than the interest
rate floor applicable to the Initial Term Loans shall be effected solely through an increase in the interest rate floor applicable
to the Initial Term Loans), (iii) other than with respect to any
Inside Maturity Debt, any Incremental Term Loan shall not have a final maturity date earlier than the Maturity Date
applicable to the Initial Term Loans, (iv) other than with respect
to any Inside Maturity Debt, any Incremental Term Loan shall not have a Weighted Average Life to Maturity that is shorter
than the Weighted Average Life to Maturity of the Initial Term Loans and (v) except to the extent otherwise permitted by this
Section 2.14, shall have the same terms and conditions as the Initial Term Loans (other than any terms and conditions that
(x) apply only to periods after the then Latest Maturity Date with respect to the Term Loans, (y) are otherwise added for the
benefit of the Term Lenders hereunder or (z) are otherwise reasonably satisfactory to the Administrative Agent).

 

(c)               
[Reserved].

 

(d)               Each
notice from the Borrower pursuant to this Section 2.14 shall set forth the requested amount and proposed terms of the relevant
Incremental Term Loans. Any additional bank, financial institution, existing Lender or other Person that elects to extend Incremental
Term Loans shall be reasonably satisfactory to the Borrower and the Administrative Agent (any such bank, financial institution,
existing Lender or other Person being called an “Additional Lender”) and, if not already a Lender, shall become
a Lender under this Agreement pursuant to an amendment (an “Incremental Facility Amendment”) to this Agreement
and, as appropriate, the other Loan Documents, executed by the Parents, the Borrower, such Additional Lender, the Administrative
Agent. No Lender shall be obligated to provide any Incremental Term Loans, unless it so agrees. Term Commitments in respect of
any Incremental Term Loans shall become Term Commitments under this Agreement. An Incremental Facility Amendment may, without
the consent of any other Lenders, effect such amendments to any Loan Documents as may be necessary or appropriate, in the opinion
of the Administrative Agent, to effect the provisions of this Section 2.14. Any Incremental Facility Amendment shall be
pursuant to documentation to be mutually agreed.

 

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(e)               The
effectiveness of any Incremental Facility Amendment shall, unless otherwise agreed to by the Administrative Agent and the Additional
Lenders, be subject to the satisfaction on the date thereof (each, an “Incremental Facility Closing Date”)
of each of the conditions set forth in Section 4.02 (it being understood that (i) the representations and warranties of
each Loan Party set forth in Section 4.02 being true and correct in all material respect (although any representations
and warranties which expressly relate to a given date or period shall be true and correct in all material respects as of the respective
date or for the respective period, as the case may be) and all references to “such date of such Credit Extension”
shall be deemed to refer to the Incremental Facility Closing Date) and (ii) subject to Section 1.09, no Default or Event of Default
shall exist, or would result from such issuance of the proceeds of such Incremental Facility; provided in the case of Incremental
Facilities the proceeds of which will be used to finance a Limited Condition Transaction, (1) the only representations and warranties
that will be required to be true and correct in all material respects as of the applicable Incremental Facility Closing Date shall
be the Specified Representations and (2) no Specified Events of Default shall be continuing at the time such Limited Condition
Transaction is consummated. The proceeds of any Incremental Term Loans will be used only for general corporate purposes (including
(without limitation) Permitted Acquisitions).

 

(f)                Any
portion of any Incremental Facility incurred other than under the Incremental Incurrence Test may be reclassified at any time,
as the Borrower may elect from time to time, as incurred under the Incremental Incurrence Test if the Parents and the Borrower
meet the applicable ratio under the Incremental Incurrence Test at such time on a Pro Forma Basis at any time subsequent to the
incurrence of such Incremental Facility (or would have met such ratio, in which case, such reclassification shall be deemed to
have automatically occurred if not elected by the Borrower).

 

Section
2.15                   Extensions
of Term Loans. 

 

(a)               Notwithstanding
anything to the contrary in this Agreement, pursuant to one or more offers (each, an “Extension Offer”) made
from time to time by the Borrower to all Lenders of any Class of Term Loans, in each case on a pro rata basis (based on the aggregate
outstanding principal amount of the respective Term Loans of the applicable Class) and on the same terms to each such Lender,
the Borrower is hereby permitted to consummate from time to time transactions with individual Lenders that accept the terms contained
in such Extension Offers to extend the maturity date of each such Lender’s Term Loans of the applicable Class and otherwise
modify the terms of such Term Loans pursuant to the terms of the relevant Extension Offer (including, without limitation, by increasing
the interest rate or fees payable in respect of such Term Loans (and related outstandings) and/or modifying the amortization schedule
in respect of such Lender’s Term Loans, and which such extensions shall not be subject to any “no default” requirement,
pro forma compliance with any leverage ratio or other financial tests or “most favored nations provisions”) (each,
an “Extension,” and each group of Term Loans, as applicable, in each case as so extended, as well as the original
Term Loans (in each case not so extended), being a separate Class of Term Loans from the Class of Term Loans from which they were
converted, and it being understood that an Extension may be in the form of an increase in the amount of any other outstanding
Class of Term Loans otherwise satisfying the criteria set forth below), so long as the following terms are satisfied: (i) except
as to interest rates, fees, amortization, final maturity date, premium, required prepayment dates and participation in prepayments
(which shall, subject to immediately succeeding clauses (ii), (iii) and (iv), be determined between the Borrower
and set forth in the relevant Extension Offer), the Term Loans of any Term Lender that agrees to an extension with respect to
such Term Loans (an “Extending Lender”) extended pursuant to any Extension (“Extended Term Loans”)
shall have the same terms as the Class of Term Loans subject to such Extension Offer other than with respect to covenants or other
provisions applicable to periods after the Latest Maturity Date, (ii) the final maturity date of any Extended Term Loans shall
be no earlier than the then latest maturity date hereunder and the amortization schedule applicable to Term Loans pursuant to
Section 2.07 for periods prior to the Maturity Date for Term Loans may not be increased, (iii) the Weighted Average Life
to Maturity of any Extended Term Loans shall be no shorter than the remaining Weighted Average Life to Maturity of the Term Loans
extended thereby, (iv) any Extended Term Loans may participate on a pro rata basis or a less than pro rata basis (but not greater
than a pro rata basis) in any voluntary or mandatory repayments or prepayments hereunder, in each case as specified in the respective
Extension Offer, (v) if the aggregate principal amount of Term Loans (calculated on the face amount thereof), as the case may
be, in respect of which Term Lenders, as the case may be, shall have accepted the relevant Extension Offer shall exceed the maximum
aggregate principal amount of Term Loans, as the case may be, offered to be extended by the Borrower pursuant to such Extension
Offer, then the Term Loans, as the case may be, of such Term Lenders, as the case may be, shall be extended ratably up to such
maximum amount based on the respective principal amounts (but not to exceed actual holdings of record) with respect to which such
Term Lenders, as the case may be, have accepted such Extension Offer, (vi) all documentation in respect of such Extension shall
be consistent with the foregoing, (vii) any applicable Minimum Extension Condition shall be satisfied unless waived by the Borrower
and (viii) the Minimum Tranche Amount shall be satisfied unless waived by the Administrative Agent. No Lender shall be obligated
to extend its Term Loans unless it so agrees.

 

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(b)               With
respect to all Extensions consummated by the Borrower pursuant to this Section 2.15, (i) such Extensions shall not constitute
voluntary or mandatory payments or prepayments for purposes of Section 2.05 and (ii) no Extension Offer is required to
be in any minimum amount or any minimum increment, provided that (x) the Borrower may at its election specify as a condition
(a “Minimum Extension Condition”) to consummating any such Extension that a minimum amount (to be determined
and specified in the relevant Extension Offer in the Borrower’s sole discretion and may be waived by the Borrower) of Term
Loans (as applicable) of any or all applicable Classes be tendered and (y) no Class of Extended Term Loans shall be in an amount
of less than $10,000,000 (the “Minimum Tranche Amount”), unless such Minimum Tranche Amount is waived by the
Administrative Agent. The Administrative Agent and the Lenders hereby consent to the transactions contemplated by this Section
2.15 (including, for the avoidance of doubt, payment of any interest, fees or premium in respect of any Extended Term Loans
on the such terms as may be set forth in the relevant Extension Offer) and hereby waive the requirements of any provision of this
Agreement (including, without limitation, Sections 2.05, 2.12 and 2.13) or any other Loan Document that
may otherwise prohibit any such Extension or any other transaction contemplated by this Section 2.15.

 

(c)               No
consent of any Lender or the Administrative Agent shall be required to effectuate any Extension, other than the consent of each
Lender agreeing to such Extension with respect to one or more of its Term Loans; provided that any Lender that elects not
to agree to such Extension (such Lender being, a “Non-Extending Lender”) may be replaced by the Borrower pursuant
to Section 3.06. All Extended Term Loans and all obligations in respect thereof shall be Obligations under this Agreement
and the other Loan Documents that are secured by the Collateral on a pari passu basis with all other applicable Obligations
under this Agreement and the other Loan Documents. The Lenders hereby irrevocably authorize the Administrative Agent to enter
into amendments to this Agreement and the other Loan Documents with the Parents and the Borrower as may be necessary in order
to establish new Classes in respect of Term Loans so extended and such technical amendments as may be necessary or appropriate
in the reasonable opinion of the Administrative Agent and the Borrower in connection with the establishment of such new Classes,
in each case on terms consistent with this Section 2.15.

 

(d)               In
connection with any Extension, the Borrower shall provide the Administrative Agent at least five (5) Business Days’ (or
such shorter period as may be agreed by the Administrative Agent) prior written notice thereof, and shall agree to such procedures
(including, without limitation, regarding timing, rounding and other adjustments and to ensure reasonable administrative management
of the credit facilities hereunder after such Extension), if any, as may be established by, or acceptable to, the Administrative
Agent, in each case acting reasonably to accomplish the purposes of this Section 2.15.

 

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Section
2.16                 Defaulting
Lenders. Notwithstanding any provision of this Agreement
to the contrary, if any Lender becomes a Defaulting Lender, then the following provisions shall apply for so long as such Lender
is a Defaulting Lender:

 

(a)               [Reserved];

 

(b)               the
Outstanding Amount of Term Loans of such Defaulting Lender shall not be included in determining whether all Lenders or the Required
Lenders have taken or may take any action hereunder (including any consent to any amendment, waiver or other modification pursuant
to Section 10.01); provided that (x) any waiver, amendment or modification of the type described in clause (a),
(b) or (c) of the first proviso in Section 10.01 that would apply to the Obligations owing to such Defaulting
Lender or (y) any waiver, amendment or modification (other than as described in the forgoing clause (x) requiring the consent
of all Lenders or each affected Lender) which affects such Defaulting Lender disproportionally when compared to other affected
Lenders, in each case, shall require the consent of such Defaulting Lender with respect to the effectiveness of such waiver, amendment
or modification with respect to the Obligations owing to such Defaulting Lender;

 

(c)               any
payment of principal, interest, fees or other amounts received by the Administrative Agent for the account of that Defaulting
Lender (whether voluntary or mandatory, at maturity, pursuant to Article IX or otherwise), shall be applied at such time
or times as may be determined by the Administrative Agent as follows: first, to the payment of any amounts owing by that
Defaulting Lender to the Administrative Agent hereunder; second, as the Borrower may request (so long as no Default or
Event of Default exists), to the funding of any Loan in respect of which that Defaulting Lender has failed to fund its portion
thereof as required by this Agreement, as determined by the Administrative Agent; third, to the payment of any amounts
owing to the Lenders as a result of any judgment of a court of competent jurisdiction obtained by any Lender against that Defaulting
Lender as a result of that Defaulting Lender’s breach of its obligations under this Agreement; fourth, so long as
no Default or Event of Default exists, to the payment of any amounts owing to any Loan Party as a result of any judgment of a
court of competent jurisdiction obtained by any Loan Party against that Defaulting Lender as a result of that Defaulting Lender’s
breach of its obligations under this Agreement; and fifth, to that Defaulting Lender or as otherwise directed by a court
of competent jurisdiction; provided that, if such payment is a payment of the principal amount of any Loans, such payment
shall be applied solely to pay the relevant Loans of the relevant non-Defaulting Lenders on a pro rata basis prior to being applied
in the manner set forth in this clause (c).

 

Section
2.17                   Permitted
Debt Exchanges.

 

(a)               Notwithstanding
anything to the contrary contained in this Agreement, pursuant to one or more offers (each, a “Permitted Debt Exchange
Offer”) made from time to time by the Borrower to all Lenders (other than, with respect to any Permitted Debt Exchange
Offer that constitutes an offering of securities, any Lender that, if requested by the Borrower, is unable to certify that it
is (i) a “qualified institutional buyer” (as defined in Rule 144A under the Securities Act), (ii) an institutional
 “accredited investor” (as defined in Rule 501 under the Securities Act) or (iii) not a “U.S. person” (as
defined in Rule 902 under the Securities Act)) with outstanding Term Loans of a particular Class, the Borrower may from time to
time consummate one or more exchanges of such Term Loans for Indebtedness (in the form of senior secured, senior unsecured, senior
subordinated, or subordinated notes or loans) (such Indebtedness, “Permitted Debt Exchange Notes” and each
such exchange, a “Permitted Debt Exchange”), so long as the following conditions are satisfied:

 

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(i)                each
such Permitted Debt Exchange Offer shall be made on a pro rata basis to the Lenders (other than, with respect to any Permitted
Debt Exchange Offer that constitutes an offering of securities, any Lender that, if requested by the Borrower, is unable to certify
that it is (i) a “qualified institutional buyer” (as defined in Rule 144A under the Securities Act), (ii) an institutional
 “accredited investor” (as defined in Rule 501 under the Securities Act) or (iii) not a “U.S. person” (as
defined in Rule 902 under the Securities Act)) of each applicable Class based on their respective aggregate principal amounts
of outstanding Term Loans under each such Class;

 

(ii)               the aggregate principal amount (calculated on the face amount thereof) of such Permitted Debt Exchange Notes shall not exceed
the aggregate principal amount (calculated on the face amount thereof) of Term Loans so refinanced, except to the extent a different
incurrence basket pursuant Section 7.03 is utilized and with respect to an amount equal to any fees, expenses, commissions,
underwriting discounts and premiums payable in connection with such Permitted Debt Exchange;

 

(iii)              the stated final maturity of such Permitted Debt Exchange Notes is not earlier than the latest Maturity Date for the Class
or Classes of Term Loans being exchanged, and such stated final maturity is not subject to any conditions that could result in
such stated final maturity occurring on a date that precedes such latest maturity date (it being understood that acceleration or
mandatory repayment, prepayment, redemption or repurchase of such Permitted Debt Exchange Notes upon the occurrence of an event
of default, a change in control, an event of loss or an asset disposition shall not be deemed to constitute a change in the stated
final maturity thereof);

 

(iv)             
such Permitted Debt Exchange Notes are not required to be repaid, prepaid, redeemed, repurchased or defeased, whether on
one or more fixed dates, upon the occurrence of one or more events or at the option of any holder thereof (except, in each case,
upon the occurrence of an event of default, a change in control, an event of loss or an asset disposition) prior to the latest
Maturity Date for the Class or Classes of Term Loans being exchanged, provided that, notwithstanding the foregoing, scheduled
amortization payments (however denominated, including scheduled offers to repurchase) of such Permitted Debt Exchange Notes shall
be permitted so long as the Weighted Average Life to Maturity of such Indebtedness shall be longer than the remaining Weighted
Average Life to Maturity of the Class or Classes of Term Loans being exchanged;

 

(v)               no
Restricted Subsidiary is a borrower or guarantor with respect to such Indebtedness unless such Restricted Subsidiary is or substantially
concurrently becomes a Loan Party;

 

(vi)             
if such Permitted Debt Exchange Notes are secured, such Permitted Debt Exchange Notes are secured on a pari passu
basis or junior priority basis to the Obligations and (A) such Permitted Debt Exchange Notes are not secured by any assets not
securing the Obligations unless such assets substantially concurrently secure the Obligations and (B) the beneficiaries thereof
(or an agent on their behalf) shall become party to the Applicable Intercreditor Agreement;

 

(vii)             the
terms and conditions of such Permitted Debt Exchange Notes (excluding pricing and optional prepayment or redemption terms or covenants
or other provisions applicable only to periods after the Maturity Date of the Class or Classes of Term Loans being exchanged)
reflect market terms and conditions at the time of incurrence or issuance; provided that if such Permitted Debt Exchange
Notes contain any financial maintenance covenants, such covenants shall not be more restrictive than (or in addition to) those
contained in this Agreement (unless such covenants are also added for the benefit of the Lenders under this Agreement, in which
case any requirement to so comply shall not require the consent of any Lender or Agent hereunder);

 

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(viii)            all
Term Loans exchanged under each applicable Class by the Borrower pursuant to any Permitted Debt Exchange shall automatically be
canceled and retired by the Borrower on date of the settlement thereof (and, if requested by the Administrative Agent, any applicable
exchanging Lender shall execute and deliver to the Administrative Agent an Assignment and Assumption, or such other form as may
be reasonably requested by the Administrative Agent, in respect thereof pursuant to which the respective Lender assigns its interest
in the Term Loans being exchanged pursuant to the Permitted Debt Exchange to the Borrower for immediate cancellation), and accrued
and unpaid interest on such Term Loans shall be paid to the exchanging Lenders on the date of consummation of such Permitted Debt
Exchange, or, if agreed to by the Borrower and the Administrative Agent, the next scheduled Interest Payment Date with respect
to such Term Loans (with such interest accruing until the date of consummation of such Permitted Debt Exchange);

 

(ix)               if the aggregate principal amount of all Term Loans (calculated on the face amount thereof) of a given Class tendered by
Lenders in respect of the relevant Permitted Debt Exchange Offer (with no Lender being permitted to tender a principal amount of
Term Loans which exceeds the principal amount thereof of the applicable Class actually held by it) shall exceed the maximum aggregate
principal amount of Term Loans of such Class offered to be exchanged by the Borrower pursuant to such Permitted Debt Exchange Offer,
then the Borrower shall exchange Term Loans under the relevant Class tendered by such Lenders ratably up to such maximum based
on the respective principal amounts so tendered, or, if such Permitted Debt Exchange Offer shall have been made with respect to
multiple Classes without specifying a maximum aggregate principal amount offered to be exchanged for each Class, and the aggregate
principal amount of all Term Loans (calculated on the face amount thereof) of all Classes tendered by Lenders in respect of the
relevant Permitted Debt Exchange Offer (with no Lender being permitted to tender a principal amount of Term Loans which exceeds
the principal amount thereof actually held by it) shall exceed the maximum aggregate principal amount of Term Loans of all relevant
Classes offered to be exchanged by the Borrower pursuant to such Permitted Debt Exchange Offer, then the Borrower shall exchange
Term Loans across all Classes subject to such Permitted Debt Exchange Offer tendered by such Lenders ratably up to such maximum
amount based on the respective principal amounts so tendered;

 

(x)                all
documentation in respect of such Permitted Debt Exchange shall be consistent with the foregoing, and all written communications
generally directed to the Lenders in connection therewith shall be in form and substance consistent with the foregoing and made
in consultation with the Borrower and the Administrative Agent; and

 

(xi)             
any applicable Minimum Tender Condition or Maximum Tender Condition, as the case may be, shall be satisfied or waived by
the Borrower.

 

Notwithstanding anything to the contrary
herein, no Lender shall have any obligation to agree to have any of its Loans or Term Commitments exchanged pursuant to any Permitted
Debt Exchange Offer.

 

(b)               With
respect to all Permitted Debt Exchanges effected by the Borrower pursuant to this Section 2.17, such Permitted Debt Exchange
Offer shall be made for not less than $10,000,000 in aggregate principal amount of Term Loans, provided that subject to
the foregoing the Borrower may at its election specify (A) as a condition (a “Minimum Tender Condition”) to
consummating any such Permitted Debt Exchange that a minimum amount (to be determined and specified in the relevant Permitted
Debt Exchange Offer in the Borrower’s discretion) of Term Loans of any or all applicable Classes be tendered and/or (B)
as a condition (a “Maximum Tender Condition”) to consummating any such Permitted Debt Exchange that no more
than a maximum amount (to be determined and specified in the relevant Permitted Debt Exchange Offer in the Borrower’s discretion)
of Term Loans of any or all applicable Classes will be accepted for exchange. The Administrative Agent and the Lenders hereby
acknowledge and agree that the provisions of Sections 2.05, 2.06 and 2.13 do not apply to the Permitted Debt
Exchange and the other transactions contemplated by this Section 2.17 and hereby agree not to assert any Default or Event
of Default in connection with the implementation of any such Permitted Debt Exchange or any other transaction contemplated by
this Section 2.17.

 

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(c)               In
connection with each Permitted Debt Exchange, the Borrower shall provide the Administrative Agent at least five (5) Business Days’
(or such shorter period as may be agreed by the Administrative Agent) prior written notice thereof, and the Borrower and the Administrative
Agent, acting reasonably, shall mutually agree to such procedures as may be necessary or advisable to accomplish the purposes
of this Section 2.17; provided that the terms of any Permitted Debt Exchange Offer shall provide that the date by
which the relevant Lenders are required to indicate their election to participate in such Permitted Debt Exchange shall be not
less than five (5) Business Days following the date on which the Permitted Debt Exchange Offer is made. The Borrower shall provide
the final results of such Permitted Debt Exchange to the Administrative Agent no later than three (3) Business Days prior to the
proposed date of effectiveness for such Permitted Debt Exchange (or such shorter period agreed to by the Administrative Agent
in its sole discretion) and the Administrative Agent shall be entitled to conclusively rely on such results.

 

(d)               The
Borrower shall be responsible for compliance with, and hereby agrees to comply with, all applicable securities and other laws
in connection with each Permitted Debt Exchange, it being understood and agreed that (i) neither the Administrative Agent nor
any Lender assumes any responsibility in connection with the Borrower’s compliance with such laws in connection with any
Permitted Debt Exchange and (ii) each Lender shall be solely responsible for its compliance with any applicable “insider
trading” laws and regulations to which such Lender may be subject under the Exchange Act.

 

ARTICLE
III

 

Taxes, Increased Costs Protection and Illegality

 

Section
3.01                  Taxes.

 

(a)               Except
as provided in this Section 3.01, any and all payments by the Borrower or any Guarantor to or for the account of any Agent
or any Lender under any Loan Document shall be made free and clear of and without deduction for any Taxes unless required by applicable
Law. If any applicable withholding agent shall be required by any Laws to deduct any Taxes from or in respect of any sum payable
under any Loan Document to any Agent or any Lender, (i) if such Taxes are Indemnified Taxes, the sum payable by the Borrower or
applicable Guarantor shall be increased as necessary so that after all required deductions have been made (including deductions
applicable to additional sums payable under this Section 3.01), each of such Agent and such Lender receives an amount equal
to the sum it would have received had no such deductions been made, (ii) such applicable withholding agent shall make such deductions,
(iii) such applicable withholding agent shall pay the full amount deducted to the relevant taxation authority or other authority
in accordance with applicable Laws, and (iv) within thirty (30) days after the date of such payment by such applicable withholding
agent (or, if receipts or evidence are not available within thirty (30) days, as soon as possible thereafter), such applicable
withholding agent shall furnish to Borrower and such Agent or Lender (as the case may be) the original or a facsimile copy of
a receipt evidencing payment thereof to the extent such a receipt is issued therefor, or other written proof of payment thereof
that is reasonably satisfactory to the Administrative Agent.

 

(b)               In
addition, but without duplication of any amounts payable pursuant to Section 3.01(a) or (c), the Borrower agrees
to pay all Other Taxes.

 

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(c)               Without
duplication of any amounts payable pursuant to Section 3.01(a) or Section 3.01(b), the Borrower agrees to indemnify
each Agent and each Lender for (i) the full amount of Indemnified Taxes (including any Indemnified Taxes imposed or asserted by
any jurisdiction in respect of amounts payable under this Section 3.01) payable by such Agent and such Lender and (ii)
any reasonable expenses arising therefrom or with respect thereto, in each case whether or not such Indemnified Taxes were correctly
or legally imposed or asserted by the relevant Governmental Authority. Such Agent or Lender, as the case may be, will, at the
Borrower’s request, provide the Borrower with a written statement thereof setting forth in reasonable detail the basis and
calculation of such amounts which shall be conclusive absent manifest error. Payment under this Section 3.01(c) shall be
made within ten (10) days after the date such Lender or such Agent makes a demand therefor. Notwithstanding anything to the contrary
contained in this Section 3.01(c), no Loan Party shall be required to indemnify any Agent or any Lender pursuant to this Section
3.01(c) for any incremental interest, penalties or expenses resulting from the failure of such Agent or Lender to notify the Loan
Party of such possible indemnification claim within 180 days after such Agent or Lender receives written notice from the applicable
taxing authority of the specific tax assessment giving rise to such indemnification claim.

 

(d)               If
any Lender or Agent determines, in its reasonable discretion, that it has received a refund in respect of any Indemnified Taxes
as to which indemnification or additional amounts have been paid to it by the Borrower or any Guarantor pursuant to this Section
3.01, it shall promptly remit an amount equal to such refund as soon as practicable after it is determined that such refund
pertains to Indemnified Taxes (but only to the extent of indemnity payments made, or additional amounts paid, by the Borrower
or any Guarantor under this Section 3.01 with respect to the Indemnified Taxes giving rise to such refund plus any interest
included in such refund by the relevant taxing authority attributable thereto) to the Borrower, net of all reasonable out-of-pocket
expenses (including any Taxes) of the Lender or Agent, as the case may be and without interest (other than any interest paid by
the relevant taxing authority with respect to such refund); provided that the Borrower, upon the request of the Lender
or Agent, as the case may be, agree promptly to return an amount equal to such refund (plus any applicable interest, additions
to tax or penalties) to such party in the event such party is required to repay such refund to the relevant taxing authority.
Such Lender or Agent, as the case may be, shall, at the Borrower’s request, provide the Borrower with a copy of any notice
of assessment or other evidence of the requirement to repay such refund received from the relevant taxing authority (provided
that such Lender or Agent may delete any information therein that such Lender or Agent deems confidential). Nothing herein
contained shall interfere with the right of a Lender or Agent to arrange its Tax affairs in whatever manner it thinks fit nor
oblige any Lender or Agent to claim any Tax refund or to make available its Tax returns or disclose any information relating to
its Tax affairs or any computations in respect thereof or require any Lender or Agent to do anything that would prejudice its
ability to benefit from any other refunds, credits, reliefs, remissions or repayments to which it may be entitled.

 

(e)               Each
Lender agrees that, upon the occurrence of any event giving rise to the operation of Section 3.01(a) or (c) with
respect to such Lender it will, if requested by the Borrower, use commercially reasonable efforts (subject to legal and regulatory
restrictions), at Borrower’s expense, to designate another Applicable Lending Office for any Loan affected by such event;
provided that such efforts are made on terms that, in the judgment of such Lender, cause such Lender and its Applicable
Lending Office(s) to suffer no material economic, legal or regulatory disadvantage, and provided, further, that nothing
in this Section 3.01(e) shall affect or postpone any of the Obligations of the Borrower or the rights of such Lender pursuant
to Section 3.01(a) or (c).

 

(f)                Each
Lender shall, at such times as are reasonably requested by the Borrower or the Administrative Agent, provide the Borrower and
the Administrative Agent with any documentation prescribed by law, or reasonably requested by the Borrower or the Administrative
Agent, certifying as to any entitlement of such Lender to an exemption from, or reduction in, any withholding Tax with respect
to any payments to be made to such Lender under any Loan Document. Each such Lender shall, whenever a lapse in time or change
in circumstances renders such documentation (including any documentation specifically referenced below) expired, obsolete or inaccurate
in any material respect, deliver promptly to the Borrower and the Administrative Agent updated or other appropriate documentation
(including any new documentation reasonably requested by the applicable withholding agent) or promptly notify the Borrower and
the Administrative Agent in writing of its inability to do so. Solely for purposes of this Section 3.01(f), the definition
of “Lender” shall include the Administrative Agent.

 

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Without limiting the
generality of the foregoing:

 

(i)            
Each Lender that is a “United States person” (as defined in Section 7701(a)(30) of the Code) shall deliver to
the Borrower and the Administrative Agent on or before the date on which it becomes a party to this Agreement two properly completed
and duly signed original copies of Internal Revenue Service Form W-9 (or any successor form) certifying that such Lender is exempt
from U.S. federal backup withholding;

 

(ii)           
Each Lender that is not a “United States person” (as defined in Section 7701(a)(30) of the Code) shall deliver
to the Borrower and the Administrative Agent on or before the date on which it becomes a party to this Agreement (and from time
to time thereafter when required by Law or upon the reasonable request of the Borrower or the Administrative Agent) whichever of
the following is applicable:

 

(A)         
two duly completed copies of Internal Revenue Service Form W-8BEN or W-8BEN-E, as applicable (or any successor forms) claiming
eligibility for benefits of an income tax treaty to which the United States is a party,

 

(B)          
two duly completed copies of Internal Revenue Service Form W-8ECI (or any successor forms),

 

(C)          
in the case of a Lender claiming the benefits of the exemption for portfolio interest under Section 881(c) or the Code, (x)
a certificate, in substantially the form of Exhibit L (any such certificate a “United States Tax Compliance
Certificate”), or any other form approved by the Administrative Agent, to the effect that such Lender is not (A) a “bank”
within the meaning of Section 881(c)(3)(A) of the Code, (B) a “10 percent shareholder” of the Borrower within
the meaning of Section 881(c)(3)(B) of the Code or (C) a “controlled foreign corporation” described in Section 881(c)(3)(C)
of the Code, and (y) two duly completed copies of Internal Revenue Service Form W-8BEN or W-8BEN-E, as applicable (or any successor
forms),

 

(D)         
to the extent a Lender is not the beneficial owner (for example, where the Lender is a partnership), Internal Revenue Service
Form W-8IMY (or any successor forms) of the Lender, accompanied by a Form W-8ECI, W-8BEN or W-8BEN-E, as applicable (or any successor
forms), United States Tax Compliance Certificate, Form W-9, Form W-8IMY (or other successor forms) or any other required information
from each beneficial owner, as applicable (provided that, if the Lender is a partnership and one or more direct or indirect
partners are claiming the portfolio interest exemption, the United States Tax Compliance Certificate may be provided by such Lender
on behalf of such direct or indirect partner(s)), or

 

(E)         
two duly completed copies of any other form prescribed by applicable U.S. federal income tax laws (including the Treasury regulations)
as a basis for claiming a complete exemption from, or a reduction in, U.S. federal withholding Tax on any payments to such Lender
under the Loan Documents.

 

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(iii)         
If a payment made to a Lender under any Loan Document would be subject to U.S. federal withholding Tax imposed by FATCA
if such Lender were to fail to comply with the applicable reporting requirements of FATCA (including those contained in Sections
1471(b) or 1472(b) of the Code, as applicable), such Lender shall deliver to the Borrower and the Administrative Agent at the time
or times prescribed by law and at such time or times reasonably requested by the Borrower or the Administrative Agent such documentation
prescribed by applicable law (including as prescribed by Section 1471(b)(3)(C)(i) of the Code) and such additional documentation
reasonably requested by the Borrower or the Administrative Agent as may be necessary for the Borrower and the Administrative Agent
to comply with their FATCA obligations, to determine whether such Lender has or has not complied with such Lender’s FATCA
obligations and to determine the amount, if any, to deduct and withhold from such payment. Solely for purposes of this Section
3.01(f)(iii), “FATCA” shall include any amendments made to FATCA after the date
of this AgreementClosing Date.

 

Notwithstanding
any other provision of this clause (f), a Lender shall not be required to deliver any form that such Lender
is not legally eligible to deliver.

 

Each
Lender hereby authorizes the Administrative Agent to deliver to the Loan Parties and to any successor Administrative Agent any
documentation provided by such Lender to the Administrative Agent pursuant to this Section 3.01(f).

 

Section
3.02             Inability
to Determine Rates. Other than as set forth in Section
1.10, if the Administrative Agent or the Required Lenders determine that for any reason adequate and reasonable means do not
exist for determining the Eurocurrency Rate for any requested Interest Period with respect to a proposed Eurocurrency Rate Loan
denominated in any currency, or the Required Lenders (excluding for all purposes of this Section 3.02 only, the portion
of the Total Outstandings that are not available for Loans in such currency) determine that the Eurocurrency Rate for any Interest
Period with respect to such proposed Eurocurrency Rate Loan does not adequately and fairly reflect the cost to such Lenders of
funding such Loan, or that deposits in the currency of such Eurocurrency Rate Loan are not being offered to banks in the applicable
London or other relevant interbank market for the applicable amount and the Interest Period of such Eurocurrency Rate Loan, the
Administrative Agent will promptly so notify the Borrower and each Lender. Thereafter, the obligation of the Lenders to make or
maintain Eurocurrency Rate Loans in such currency shall be suspended until the Administrative Agent (upon the instruction of the
Required Lenders) revokes such notice. Upon receipt of such notice, the Borrower may revoke any pending request for a Borrowing
of, conversion to or continuation of Eurocurrency Rate Loans or, failing that, will be deemed to have converted such request into
a request for a Borrowing of Base Rate Loans in the amount specified therein.

 

Section
3.03              Increased
Cost and Reduced Return; Capital Adequacy; Reserves on Eurocurrency Rate Loans.

 

(a)           If any Lender determines that as a result of any Change in Law, or such Lender’s compliance therewith, there shall
be any increase in the cost to such Lender of agreeing to make or making, funding or maintaining any Loan, or a reduction in the
amount received or receivable by such Lender in connection with any of the foregoing (excluding for purposes of this Section
3.03(a) any such increased costs or reduction in amount resulting from (i) Indemnified Taxes or Other Taxes indemnifiable under
Section 3.01, (ii) Excluded Taxes described in clauses (b) through (e) of the definition of Excluded Taxes,
(iii) Excluded Taxes described in clause (a) of the definition of Excluded Taxes to the extent such Taxes are imposed on
or measured by such Lender’s net income or profits (or are franchise Taxes imposed in lieu thereof) or (iv) reserve requirements
contemplated by Section 3.03(c)), then from time to time within fifteen (15) days after demand by such Lender setting forth
in reasonable detail such increased costs (with a copy of such demand to the Administrative Agent given in accordance with Section
3.05), the Borrower shall pay to such Lender such additional amounts as will compensate such Lender for such increased cost
or reduction; provided that in the case of any Change in Law only applicable as a result of the proviso set forth in the
definition thereof, such Lender will only be compensated for such amounts that would have otherwise been imposed under the applicable
increased cost provisions and only to the extent the applicable Lender is imposing such charges on other similarly situated borrower
under comparable syndicated credit facilities.

 

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(b)           If any Lender determines that as a result of any Change in Law regarding capital adequacy or any change therein or in the
interpretation thereof, in each case after the Closing Date, or compliance by such Lender (or its Applicable Lending Office) therewith,
has the effect of reducing the rate of return on the capital of such Lender or any corporation controlling such Lender as a consequence
of such Lender’s obligations hereunder (taking into consideration its policies with respect to capital adequacy and such
Lender’s desired return on capital), then from time to time upon demand of such Lender setting forth in reasonable detail
the charge and the calculation of such reduced rate of return (with a copy of such demand to the Administrative Agent given in
accordance with Section 3.05), the Borrower shall pay to such Lender such additional amounts as will compensate such Lender
for such reduction within fifteen (15) days after receipt of such demand.

 

(c)           The Borrower shall pay to each Lender, (i) as long as such Lender shall be required to maintain reserves with respect to
liabilities or assets consisting of or including Eurocurrency funds or deposits, additional interest on the unpaid principal amount
of each Eurocurrency Rate Loan equal to the actual costs of such reserves allocated to such Loan by such Lender (as determined
by such Lender in good faith, which determination shall be conclusive in the absence of demonstrable error), and (ii) as long as
such Lender shall be required to comply with any reserve ratio requirement or analogous requirement of any other central banking
or financial regulatory authority imposed in respect of the maintenance of the Term Commitments or the funding of the Eurocurrency
Rate Loans, such additional costs (expressed as a percentage per annum and rounded upwards, if necessary, to the nearest five decimal
places) equal to the actual costs allocated to such Term Commitment or Loan by such Lender (as determined by such Lender in good
faith, which determination shall be conclusive absent demonstrable error) which in each case shall be due and payable on each date
on which interest is payable on such Loan, provided, the Borrower shall have received at least fifteen (15) days’
prior notice (with a copy to the Administrative Agent) of such additional interest or cost from such Lender. If a Lender fails
to give notice fifteen (15) days prior to the relevant Interest Payment Date, such additional interest or cost shall be due and
payable fifteen (15) days after receipt of such notice.

 

(d)          
Subject to Section 3.05(b), failure or delay on the part of any Lender to demand compensation pursuant to this Section
3.03 shall not constitute a waiver of such Lender’s right to demand such compensation.

 

(e)          
If any Lender requests compensation under this Section 3.03, then such Lender will, if requested by the Borrower,
use commercially reasonable efforts to designate another Applicable Lending Office for any Loan affected by such event; provided
that such efforts are made on terms that, in the reasonable judgment of such Lender, cause such Lender and its Applicable Lending
Office(s) to suffer no material economic, legal or regulatory disadvantage; and provided further that nothing in this Section
3.03(e) shall affect or postpone any of the Obligations of the Borrower or the rights of such Lender pursuant to Section
3.03(a), (b), (c) or (d).

 

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Section
3.04             Funding
Losses. Upon demand of any Lender (with a copy to
the Administrative Agent) from time to time, the Borrower shall promptly compensate such Lender for and hold such Lender harmless
from any loss, cost or expense incurred by it as a result of:

 

(a)          
any continuation, conversion, payment or prepayment of any Eurocurrency Rate Loan on a day other than the last day of the
Interest Period for such Loan; or

 

(b)          
any failure by the Borrower (for a reason other than the failure of such Lender to make a Loan) to prepay, borrow, continue
or convert any Loan (other than a Base Rate Loan) on the date or in the amount notified by the Borrower;

 

including any loss or expense arising from
the liquidation or reemployment of funds obtained by it to maintain such Loan or from fees payable to terminate the deposits from
which such funds were obtained.

 

For
purposes of calculating amounts payable by the Borrower to the Lenders under this Section 3.04, each Lender shall
be deemed to have funded each Eurocurrency Rate Loan made by it at the Eurocurrency Rate for such Loan by a matching deposit or
other borrowing in the London interbank eurodollar market for a comparable amount and for a comparable period, whether or not such
Eurocurrency Rate Loan was in fact so funded.

 

Section
3.05              Matters
Applicable to All Requests for Compensation.

 

(a)          
Any Agent or any Lender claiming compensation under this Article III shall deliver a certificate to the Borrower
setting forth the additional amount or amounts to be paid to it hereunder which shall be conclusive in the absence of demonstrable
error. In determining such amount, such Agent or such Lender may use any reasonable averaging and attribution methods.

 

(b)           With respect to any Lender’s claim for compensation under Section 3.01, Section 3.02, Section 3.03
or Section 3.04, the Borrower shall not be required to compensate such Lender for any amount incurred more than one hundred
and eighty (180) days prior to the date that such Lender notifies the Borrower of the event that gives rise to such claim; provided
that, if the circumstance giving rise to such claim is retroactive, then such 180-day period referred to above shall be extended
to include the period of retroactive effect thereof. If any Lender requests compensation by the Borrower under Section 3.03,
the Borrower may, by notice to such Lender (with a copy to the Administrative Agent), suspend the obligation of such Lender to
make or continue Eurocurrency Rate Loans from one Interest Period to another, or to convert Base Rate Loans into Eurocurrency Rate
Loans, until the event or condition giving rise to such request ceases to be in effect (in which case the provisions of Section
3.05(c) shall be applicable); provided that such suspension shall not affect the right of such Lender to receive the
compensation so requested.

 

(c)           If the obligation of any Lender to make or continue any Eurocurrency Rate Loan from one Interest Period to another, or to
convert Base Rate Loans into Eurocurrency Rate Loans shall be suspended pursuant to Section 3.05(b) hereof, such Lender’s
Eurocurrency Rate Loans denominated in Dollars shall be automatically converted into Base Rate Loans on the last day(s) of the
then current Interest Period(s) for such Eurocurrency Rate Loans (or, in the case of an immediate conversion required by Section
3.02, on such earlier date as required by Law) and, unless and until such Lender gives notice as provided below that the circumstances
specified in Section 3.01, Section 3.02, Section 3.03 or Section 3.04 hereof that gave rise to such
conversion no longer exist:

 

(i)             to the extent that such Lender’s Eurocurrency Rate Loans denominated in Dollars have been so converted, all payments
and prepayments of principal that would otherwise be applied to such Lender’s Eurocurrency Rate Loans shall be applied instead
to its Base Rate Loans; and

 

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(ii)           all Loans denominated in Dollars that would otherwise be made or continued from one Interest Period to another by such Lender
as Eurocurrency Rate Loans shall be made or continued instead as Base Rate Loans, and all Base Rate Loans of such Lender that would
otherwise be converted into Eurocurrency Rate Loans shall remain as Base Rate Loans.

 

(d)           If any Lender gives notice to the Borrower (with a copy to the Administrative Agent) that the circumstances specified in
Section 3.01, Section 3.02, Section 3.03 or Section 3.04 hereof that gave rise to the conversion of
such Lender’s Eurocurrency Rate Loans denominated in Dollars pursuant to this Section 3.05 no longer exist (which
such Lender agrees to do promptly upon such circumstances ceasing to exist) at a time when Eurocurrency Rate Loans made by other
Lenders are outstanding, such Lender’s Base Rate Loans shall be automatically converted to Eurocurrency Rate Loans, on the
first day(s) of the next succeeding Interest Period(s) for such outstanding Eurocurrency Rate Loans, to the extent necessary so
that, after giving effect thereto, all Loans held by the Lenders holding Eurocurrency Rate Loans and by such Lender are held pro
rata (as to principal amounts, interest rate basis, and Interest Periods) in accordance with their respective principal amount
of Term Commitments.

 

Section
3.06              Replacement
of Lenders under Certain Circumstances.

 

(a)           If at any time (i) any Lender requests reimbursement for amounts owing pursuant to Section 3.01 or Section 3.03
as a result of any condition described in such Sections and such Lender has declined or is unable to designate a different lending
office in accordance with Section 3.01(e) or any Lender ceases to make Eurocurrency Rate Loans as a result of any condition
described in Section 3.02 or Section 3.03, (ii) any Lender becomes a Defaulting Lender, (iii) any Lender becomes
a Non-Consenting Lender or (iv) any Lender becomes a Non-Extending Lender, then the Borrower may, on prior written notice to the
Administrative Agent and such Lender, replace such Lender by requiring such Lender to (and such Lender shall be obligated to) assign
pursuant to Section 10.07(b) (with the assignment fee to be paid by the Borrower in such instance) all of its rights and
obligations under this Agreement (or, with respect to clause (iii) and clause (iv) above, all of its rights and obligations
with respect to the Class of Loans or Term Commitments that is the subject of the related consent, waiver or amendment) to one
or more Eligible Assignees (provided that neither the Administrative Agent nor any Lender shall have any obligation to the
Borrower to find a replacement Lender or other such Person; and provided, further, that (A) in the case of any such assignment
resulting from a claim for compensation under Section 3.03 or payments required to be made pursuant to Section 3.01,
such assignment will result in a reduction in such compensation or payments and (B) in the case of any such assignment resulting
from a Lender becoming a Non-Consenting Lender or a Non-Extending Lender, the applicable Eligible Assignees shall have agreed to
the applicable departure, waiver or amendment of the Loan Documents).

 

(b)           Any Lender being replaced pursuant to Section 3.06(a) above shall (i) execute and deliver an Assignment and Assumption
with respect to such Lender’s Term Commitment and outstanding Loans, as applicable (provided that the failure of any
such Lender to execute an Assignment and Assumption shall not render such assignment invalid and such assignment shall be recorded
in the Register) and (ii) deliver Term Notes, if any, evidencing such Loans to the Borrower or Administrative Agent. Pursuant to
such Assignment and Assumption, (A) the assignee Lender shall acquire all or a portion, as the case may be, of the assigning Lender’s
Term Commitments and outstanding Loans, as applicable, (B) all obligations of the Loan Parties owing to the assigning Lender relating
to the Loan Documents and participations so assigned shall be paid in full by the assignee Lender or the Loan Parties (as applicable)
to such assigning Lender concurrently with such assignment and assumption, any amounts owing to the assigning Lender (other than
a Defaulting Lender) under Section 3.04 as a consequence of such assignment and, in the case of an assignment of Term Loans
in connection with a Repricing Transaction, the premium, if any, that would have been payable by the Borrower on such date pursuant
to Section 2.05(a)(iv) if such Lender’s Term Loans subject to such assignment had been prepaid on such date shall
have been paid by the Borrower to the assigning Lender and (C) upon such payment and, if so requested by the assignee Lender, the
assignor Lender shall deliver to the assignee Lender the appropriate Term Notes executed by the Borrower, the assignee Lender shall
become a Lender hereunder and the assigning Lender shall cease to constitute a Lender hereunder with respect to such assigned Loans,
Term Commitments and participations, except with respect to indemnification provisions under this Agreement, which shall survive
as to such assigning Lender.

 

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(c)           [Reserved].

 

(d)           In the event that (i) the Borrower or the Administrative Agent have requested that the Lenders consent to a departure or
waiver of any provisions of the Loan Documents or agree to any amendment thereto, (ii) the consent, waiver or amendment in question
requires the agreement of all affected Lenders in accordance with the terms of Section 10.01 or all the Lenders with respect
to a certain Class of the Loans and (iii) the Required Lenders, as applicable, have agreed to such consent, waiver or amendment,
then any Lender who does not agree to such consent, waiver or amendment shall be deemed a “Non-Consenting Lender.”

 

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

 

Section
3.08                     Survival.
All of the Borrower’s obligations under this Article III shall survive termination of the Aggregate
Commitments and repayment of all other Obligations hereunder and any assignment of rights by or replacement of a Lender.

 

    -92-

     

    

 

ARTICLE
IV

Conditions Precedent to Credit Extensions

 

Section
4.01             Conditions
to Closing Date. The obligation of each Lender to
make its initial Credit Extension hereunder on the Closing Date
is subject to satisfaction of the following conditions precedent (or waiver thereof in accordance with Section 10.01):

 

(a)            The Administrative Agent’s receipt of the following, each of which shall be originals or facsimiles (followed promptly
by originals) unless otherwise specified, each properly executed by a Responsible Officer of the signing Loan Party (other than
in respect of (a)(i)(v) below), each in form and substance reasonably satisfactory to the Administrative Agent and its legal counsel:

 

(i)            executed counterparts of this Agreement and the Guaranty from each of the Loan Parties listed on the signature pages thereto;

 

(ii)           a Term Note executed by the Borrower in favor of each Lender that has requested a Term Note at least five (5) Business Days
in advance of the Closing Date;

 

(iii)          each Collateral Document set forth on Schedule 1.01A required to be executed on the Closing Date as indicated on
such schedule, duly executed by each Loan Party party thereto, together with (except as provided in such Collateral Documents);

 

(A)         
certificates, if any, representing the pledged equity referred to therein, accompanied by undated stock powers executed in blank
and (if applicable) instruments evidencing the pledged debt referred to therein endorsed in blank;

 

(B)          evidence that all other actions, recordings and filings that the Administrative Agent or Collateral Agent may deem reasonably
necessary to satisfy the Collateral and Guarantee Requirement shall have been taken, completed or otherwise provided for in a
manner reasonably satisfactory to the Administrative Agent and Collateral Agent; and

 

(C)         
certified copies of UCC, United States Patent and Trademark Office and United States Copyright Office, tax and judgment lien searches,
or equivalent reports or searches, each of a recent date listing all effective financing statements, lien notices or comparable
documents (together with copies of such financing statements and documents) that name any Loan Party as debtor and that are filed
in those state and county jurisdictions in which any Loan Party is organized or maintains its principal place of business and
such other searches that are required by the Security Agreement or that the Administrative Agent deems necessary or appropriate;

 

(iv)          such certificates, copies of Organization Documents of the Loan Parties, resolutions or other action and incumbency certificates
and/or other certificates of Responsible Officers of each Loan Party as the Administrative Agent may reasonably require evidencing
the identity, authority and capacity of each Responsible Officer thereof authorized to act as a Responsible Officer in connection
with this Agreement and the other Loan Documents to which such Loan Party is a party or is to be a party on the Closing Date;

 

(v)          
an opinion from (i) Kirkland & Ellis LLP, counsel to the Loan Parties and (ii) Cozen O’Connor, Pennsylvania counsel
to the Loan Parties; and

 

    -93-

     

    

 

(vi)         
a certificate attesting to the Solvency of the Parents, the Borrower and the Restricted Subsidiaries (on a Consolidated
basis) on the Closing Date after giving effect to the Transaction, from the Borrower’s chief financial officer or other officer
with equivalent duties.

 

(b)         
All fees and expenses required to be paid hereunder or pursuant to the Agent Fee Letter and Engagement Letter, to the extent
invoiced at least three (3) Business Days prior to the Closing Date shall have been paid in full in cash or will be paid on the
Closing Date.

 

(c)          
The Lead Arrangers shall have received (i) the Audited Financial Statements and (ii) the Unaudited Financial Statements.

 

(d)           Prior to or substantially simultaneously with the Closing Date, the Refinancing shall have been consummated.

 

(e)           The Administrative Agent and the Lead Arrangers shall have received at least three (3) Business Days prior to the Closing
Date all documentation and other information about the Borrower and the Guarantors as has been reasonably requested in writing
at least ten (10) Business Days prior to the Closing Date by the Administrative Agent and the Lead Arrangers that they reasonably
determine is required by regulatory authorities under applicable “know your customer” and anti-money laundering rules
and regulations, including without limitation the USA PATRIOT Act.

 

(f)           The Term Intercreditor Agreement and the ABL Intercreditor Agreement shall have been duly executed and delivered by each
Loan Party thereto.

 

(g)           Evidence that all insurance required to be maintained pursuant to the Loan Documents has been obtained and is in effect,
together with the certificates of insurance, naming the Administrative Agent, on behalf of the Secured Parties, as an additional
insured or loss payee, as the case may be, under all casualty insurance policies maintained with respect to the assets and properties
of the Loan Parties that constitutes Collateral.

 

For purposes of determining
whether the Closing Date has occurred, each Lender that has executed this Agreement shall be deemed to have consented to, approved
or accepted, or to be satisfied with, each document or other matter required hereunder to be consented to or approved by or acceptable
or satisfactory to the Administrative Agent or such Lender, as the case may be, unless such Lender has notified the Administrative
Agent of any disagreement prior to the Closing Date.

 

Section
4.02             Conditions
to Subsequent Credit Extensions. Subject to Section
2.14, the obligation of each Lender to honor any Request for Credit Extension on or after the Closing Date (other than a Committed
Loan Notice requesting only a conversion of Loans to the other Type, or a continuation of Eurocurrency Rate Loans) is subject to
the following conditions precedent:

 

(a)           The representations and warranties of the Borrower and each other Loan Party contained in Article V or any other
Loan Document shall be true and correct in all material respects on and as of the date of such Credit Extension; provided
that, to the extent that such representations and warranties specifically refer to an earlier date, they shall be true and correct
in all material respects as of such earlier date; provided, further, that any representation and warranty that is qualified
as to “materiality,” “Material Adverse Effect” or similar language shall be true and correct (after giving
effect to any qualification therein) in all respects on such respective dates; provided, further, that in the case of an
Incremental Facility the proceeds of which will be used to finance a Limited Condition Transaction, the foregoing will be limited
to the Specified Representations.

 

    -94-

     

    

 

(b)           No Default shall exist, or would result from such proposed Credit Extension or from the application of the proceeds therefrom.

 

(c)           The Administrative Agent shall have received a Request for Credit Extension in accordance with the requirements hereof.

 

Each
Request for Credit Extension (other than a Committed Loan Notice requesting only a conversion of Loans to the other Type or a continuation
of Eurocurrency Rate Loans) submitted by the Borrower shall be deemed to be a representation and warranty that the applicable conditions
specified in Sections 4.02(a) and (b) have been satisfied on and as of the date of the applicable Credit
Extension.

 

ARTICLE
V

Representations and Warranties

 

The Parents and the Borrower
represent and warrant to the Agents and the Lenders on the Closing Date and on the date of each subsequent Credit Extension that:

 

Section
5.01             Existence,
Qualification and Power; Compliance with Laws. Each
Parent, the Borrower and each Restricted Subsidiary (a) is a Person duly incorporated, organized or formed, and validly
existing and, where applicable, in good standing under the Laws of the jurisdiction of its incorporation or organization, (b) has
all requisite power and authority to (i) own or lease its assets and carry on its business and (ii) execute, deliver and perform
its obligations under the Loan Documents to which it is a party, (c) is duly qualified and, where applicable, in good standing
under the Laws of each jurisdiction where its ownership, lease or operation of properties or the conduct of its business requires
such qualification, (d) is in material compliance with all Laws (including the USA PATRIOT Act and anti-money laundering laws),
orders, writs, injunctions and orders and (e) has all requisite governmental licenses, authorizations, consents and approvals to
operate its business as currently conducted; except in each case referred to in clause (a) (other than with respect to any
Parent and the Borrower), (b)(i), (c), (d) or (e), to the extent that failure to do so could not, individually
or in the aggregate, reasonably be expected to have a Material Adverse Effect.

 

Section
5.02            Authorization;
No Contravention. The execution, delivery and performance
by each Loan Party of each Loan Document to which such Person is a party, and the consummation of the Transaction, (a) have been
duly authorized by all necessary corporate or other organizational action and (b) do not and will not (i) contravene the terms
of any of such Person’s Organization Documents, (ii) conflict with or result in any breach or contravention of, or require
any payment to be made under (A) any Contractual Obligation exceeding the Threshold Amount to which such Person is a party or affecting
such Person or the properties of such Person or any of its Subsidiaries or (B) any material order, injunction, writ or decree of
any Governmental Authority or any arbitral award to which such Person or its property is subject, (iii) result in the creation
of any Lien (other than under the Loan Documents and Liens subject to the Applicable Intercreditor Agreement) or (iv) violate any
material Law; except (in the case of clauses (b)(ii) and (b)(iv)), to the extent that such conflict, breach, contravention,
payment or violation could not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect.

 

    -95-

     

    

 

Section
5.03             Governmental
Authorization; Other Consents. No approval, consent,
exemption, authorization, or other action by, or notice to, or filing with, any Governmental Authority or any other Person is necessary
or required in connection with (a) the execution, delivery or performance by, or enforcement against, any Loan Party of this Agreement
or any other Loan Document, or for the consummation of the Transaction, (b) the grant by any Loan Party of the Liens granted by
it pursuant to the Collateral Documents, (c) the perfection or maintenance of the Liens created under the Collateral Documents
(including the priority thereof) or (d) the exercise by the Administrative Agent or any Lender of its rights under the Loan Documents
or the remedies in respect of the Collateral pursuant to the Collateral Documents, except for (i) filings necessary to perfect
the Liens on the Collateral granted by the Loan Parties in favor of the Secured Parties, (ii) the approvals, consents, exemptions,
authorizations, actions, notices and filings which have been duly obtained, taken, given or made and are in full force and effect
and (iii) those approvals, consents, exemptions, authorizations or other actions, notices or filings, the failure of which to obtain
or make could not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect.

 

Section
5.04             Binding
Effect. This Agreement and each other Loan Document
has been duly executed and delivered by each Loan Party that is party thereto. This Agreement and each other Loan Document constitutes
a legal, valid and binding obligation of such Loan Party, enforceable against each Loan Party that is party thereto in accordance
with its terms, except as such enforceability may be limited by Debtor Relief Laws and by general principles of equity.

 

Section
5.05             Financial
Statements; No Material Adverse Effect.

 

(a)           The Audited Financial Statements and the Unaudited Financial Statements each fairly present in all material respects the
financial condition of the Parents, the Borrower and the GAAP Consolidated Members of the Borrower, in each case, as of the dates
thereof and their results of operations for the period covered thereby, except as otherwise disclosed to the Administrative Agent
prior to the Closing Date, and in the case of the Audited Financial Statements, prepared in accordance with GAAP consistently applied
throughout the periods covered thereby.

 

(b)          
Since the date of the Audited Financial Statements, there has been no event or circumstance, either individually or in the
aggregate, that has had or could reasonably be expected to have a Material Adverse Effect.

 

Each Lender and the Administrative
Agent hereby acknowledges and agrees that any Parent and its Subsidiaries may be required to restate historical financial statements
as the result of the implementation of changes in GAAP or IFRS, or the respective interpretation thereof, and that such restatements
will not result in a Default or Event of Default under the Loan Documents.

 

Section
5.06             Litigation.
Except as set forth on Schedule 5.06, there are no actions, suits, proceedings, claims or disputes pending
or, to the knowledge of the Borrower, threatened in writing or contemplated, at law, in equity, in arbitration or before any Governmental
Authority, by or against any Parent, the Borrower or any Restricted Subsidiary or against any of their properties or revenues that
either individually or in the aggregate, could reasonably be expected to have a Material Adverse Effect.

 

Section
5.07             Ownership
of Property; Liens. Each Loan Party and each of its
Subsidiaries has good and valid title to, or valid leasehold interests in, or easements or other limited property interests in,
all property necessary in the ordinary conduct of its business, free and clear of all Liens except for minor defects in title that
do not materially interfere with its ability to conduct its business or to utilize such assets for their intended purposes, Permitted
Liens and any Liens and privileges arising mandatorily by Law and, in each case, except where the failure to have such title or
other interest could not reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect.

 

    -96-

     

    

 

 

Section
5.08             Environmental
Matters. Except as could not reasonably be expected
to have, individually or in the aggregate, a Material Adverse Effect:

 

(a)               
there are no pending or, to the knowledge of the Borrower, threatened claims, actions, suits, notices of violation, notices
of potential responsibility, disputes or proceedings by or involving any Loan Party or any of its Subsidiaries alleging potential
liability or responsibility for violation of, or otherwise relating to, any Environmental Law;

 

(b)               
 (i) there is no asbestos or asbestos-containing material on any property currently owned, leased or operated by any Loan
Party or any of its Subsidiaries; and (ii) there has been no Release of Hazardous Materials at, on, under or from any location
in a manner which would reasonably be expected to give rise to any Environmental Liability of or relating to any Loan Party or
any of its Subsidiaries;

 

(c)               
neither any Loan Party nor any of its Subsidiaries is undertaking, or has completed, either individually or together with
other persons, any investigation or response action relating to any actual or threatened Release of Hazardous Materials at any
location, either voluntarily or pursuant to the order of any Governmental Authority or the requirements of any Environmental Law;

 

(d)               
all Hazardous Materials transported from any property currently or, to the knowledge of any Parent, the Borrower or any
of their Subsidiaries, formerly owned, leased or operated by any Loan Party or any of its Subsidiaries for off-site disposal have
been disposed of in compliance with all Environmental Laws;

 

(e)               
none of the Loan Parties nor any of its Subsidiaries has contractually or by operation of Law assumed any Environmental
Liability; and

 

(f)                
the Loan Parties and each of their respective Subsidiaries and their respective businesses, operations and properties are
and have been in compliance with all Environmental Laws.

 

Section
5.09             Taxes.
Each Parent, the Borrower and each Restricted Subsidiary has timely filed all federal, provincial, state, municipal, foreign and
other Tax returns and reports required to be filed, and have timely paid all federal, provincial, state, municipal, foreign and
other Taxes levied or imposed upon them or their properties, income or assets otherwise due and payable, except those which are
being contested in good faith by appropriate proceedings diligently conducted and for which adequate reserves have been provided
in accordance with GAAP or, except for failures to file or pay as could not, either individually or in the aggregate, reasonably
be expected to result in a Material Adverse Effect. There are no Tax audits, deficiencies, assessments or other claims with respect
to any Parent, the Borrower or any Restricted Subsidiary that could, either individually or in the aggregate, reasonably be expected
to result in a Material Adverse Effect.

 

Section
5.10              Compliance
with ERISA.

 

(a)               
Except as could not, either individually or in the aggregate, reasonably be expected to result in a Material Adverse Effect,
each Plan is in compliance with the applicable provisions of ERISA, the Code and other federal or state Laws and applicable foreign
laws, respectively.

 

(b)               
(i) No ERISA Event or similar event with respect to a Foreign Plan has occurred or is reasonably expected to occur; (ii)
neither any Loan Party nor any ERISA Affiliate has incurred, or reasonably expects to incur, any liability (and no event has occurred
which, with the giving of notice under Section 4219 of ERISA, would result in such liability) under Section 4201 et seq.
or 4243 of ERISA with respect to a Multiemployer Plan; and (iii) neither any Loan Party nor any ERISA Affiliate has engaged in
a transaction that could be subject to Section 4069 or 4212(c) of ERISA, except, with respect to each of the foregoing clauses
of this Section 5.10, as could not reasonably be expected, individually or in the aggregate, to result in a Material Adverse
Effect.

 

    -97-

     

    

 

Section
5.11             Subsidiaries;
Equity Interests. As of the Closing Date, neither
the Borrower nor any other Loan Party has any Subsidiaries other than those specifically disclosed in Schedule 5.11,
and all of the outstanding Equity Interests in the Borrower and the Subsidiaries of any Parent have been validly issued, are fully
paid and, in the case of Equity Interests representing corporate interests, nonassessable and, on the Closing Date, all Equity
Interests owned directly or indirectly by any Parent or any other Loan Party are owned free and clear of all Liens except (i) those
created under the Collateral Documents, and (ii) those Liens permitted under Section 7.01. As of the Closing Date, Schedule
5.11 (a) sets forth the name and jurisdiction of organization or incorporation of each Subsidiary, (b) sets forth the
ownership interest of each Parent, the Borrower and each of their Subsidiaries in each of their Subsidiaries, including the percentage
of such ownership and (c) identifies each Person the Equity Interests of which are required to be pledged on the Closing Date
pursuant to the Collateral and Guarantee Requirement.

 

Section
5.12              Margin
Regulations; Investment Company Act.

 

(a)               
No Loan Party is engaged nor will it engage, principally or as one of its important activities, in the business of purchasing
or carrying margin stock (within the meaning of Regulation U issued by the FRB), or extending credit for the purpose of purchasing
or carrying margin stock, and no proceeds of any Borrowings will be used for any purpose that violates Regulation U or Regulation
X of the FRB.

 

(b)               
None of the Parents, the Borrower or any Restricted Subsidiary is or is required to be registered as an “investment
company” under the Investment Company Act of 1940, as amended.

 

Section
5.13             Disclosure.
No report, financial statement, certificate or other written information furnished by or on behalf of any Loan Party to any Agent,
any Lead Arranger or any Lender in connection with the transactions contemplated hereby and the negotiation of this Agreement
or delivered hereunder or any other Loan Document (as modified or supplemented by other information so furnished) when taken as
a whole contains when furnished any untrue statement of a material fact or omits to state a material fact necessary in order to
make the statements contained therein not materially misleading in light of the circumstances under which such statements are
made (giving effect to all supplements and updates thereto); provided that, with respect to projected financial information,
the Borrower represents only that such information was prepared in good faith based upon assumptions believed to be reasonable
at the time of preparation; it being understood that (i) such projections are as to future events and are not to be viewed as
facts and are subject to significant uncertainties and contingencies, many of which are beyond the control of the Borrower, (ii)
no assurance can be given that any particular projections will be realized and that actual results during the period or periods
covered by any such projections may differ significantly from the projected results and (iii) such differences may be material.

 

Section
5.14             Intellectual
Property; Licenses, Etc. Each of the Loan Parties
and the other Restricted Subsidiaries own, license or possess the right to use, all of the trademarks, service marks, trade names,
domain names, copyrights, patents, patent rights, technology, software, know-how database rights, design rights and other intellectual
property rights, and all registrations and applications for registration thereof (collectively, “IP Rights”)
that are used in or reasonably necessary for the operation of their respective businesses as currently conducted, and, to the
knowledge of the Borrower, without violation of the rights of any Person, except to the extent such violation or failure to own,
license, or possess, either individually or in the aggregate, could not reasonably be expected to have a Material Adverse Effect.
No claim or litigation regarding any such IP Rights, is pending or, to the knowledge of the Borrower, threatened against any Loan
Party or Subsidiary, which, either individually or in the aggregate, could reasonably be expected to have a Material Adverse Effect.

 

    -98-

     

    

 

Section
5.15             Solvency.
On the Closing Date after giving effect to the Transaction, the Parents, the Borrower and the Restricted Subsidiaries, on a Consolidated
basis, are Solvent.

 

Section
5.16             Collateral
Documents. The Collateral Documents are effective
to create in favor of the Collateral Agent for the benefit of the Secured Parties legal, valid and enforceable Liens on and security
interests in, the Collateral described therein and to the extent intended to be created thereby, except as such enforceability
may be limited by Debtor Relief Laws and by general principles of equity, and (i) when all appropriate filings or recordings are
made in the appropriate offices as may be required under applicable Laws (which filings or recordings shall be made to the extent
required by any Collateral Document) and (ii) upon the taking of possession or control by the Collateral Agent of such Collateral
with respect to which a security interest may be perfected only by possession or control (which possession or control shall be
given to the Collateral Agent to the extent required by any Collateral Document or the Applicable Intercreditor Agreement), the
Liens created by such Collateral Documents will constitute so far as possible under relevant Law fully perfected Liens on (with
the priority set forth in the Applicable Intercreditor Agreement), and security interests in, all right, title and interest of
the Loan Parties in such Collateral to the extent perfection can be obtained by filing financing statements or upon the taking
of possession or control, in each case subject to no Liens other than Permitted Liens.

 

Section
5.17             Use
of Proceeds. The proceeds of the Initial Term Loans
shall be used in a manner consistent with the uses set forth in the Preliminary Statements
to this Agreement.

 

Section
5.18              Sanctions
Laws and Regulations and Anti-Corruption Laws.

 

(a)               
Each of the Parents, the Borrower and the Restricted Subsidiaries is in compliance, in all material respects, with the Sanctions
Laws and Regulations and applicable anti-corruption laws (including, without limitation, the FCPA). No Borrowing or use of proceeds
of any Borrowing will violate or result in the violation of any Sanctions Laws and Regulations applicable to any party hereto.

 

(b)               
None of (I) the Borrower or any other Loan Party or (II) a Restricted Subsidiary that is not a Loan Party or, to the knowledge
of the Borrower, any director, manager, officer, agent or employee of any Parent, the Borrower or any of the Restricted Subsidiaries,
in each case, is (i) a Person (or owned 50% or more by one or more Persons or under Control of a Person) on the list of “Specially
Designated Nationals and Blocked Persons” or the target of the limitations or prohibitions under any Sanctions Laws and Regulations,
or (ii) a Person located, organized, or resident in a country or territory that is the subject of comprehensive sanctions under
Sanctions Laws and Regulations (currently, Crimea, Cuba, Iran, North Korea, Sudan and Syria).

 

(c)               
No part of the proceeds of any Loan will be used for any improper payments, directly or, to the knowledge of the Borrower,
indirectly, to any governmental official or employee, political party, official of a political party, candidate for political office,
or any other party (if applicable) in order to obtain, retain or direct business or obtain any improper advantage, in violation
of the FCPA and any applicable similar laws, rules or regulations issued, administered or enforced by any Governmental Authority
having jurisdiction over the Borrower.

 

    -99-

     

    

 

ARTICLE
VI

 

Affirmative Covenants

 

From
and after the Closing Date and for so long as any Lender shall have any Term Commitment hereunder, any Loan or other Obligation
hereunder which is accrued and payable shall remain unpaid or unsatisfied (other than contingent indemnification obligations not
yet due), the Parents and the Borrower shall, and shall (except in the case of the covenants set forth in Section 6.01,
Section 6.02 and Section 6.03) cause each of its Restricted Subsidiaries to:

 

Section
6.01              Financial
Statements. Deliver to the Administrative Agent for
prompt further distribution to each Lender:

 

(a)               
as soon as available, but in any event within one hundred and twenty (120) days (or, in the case of the fiscal year ending
December 31, 2017, one hundred and fifty (150) days) after the end of each fiscal year of the Parents, a Consolidated balance sheet
of the Parents, the Borrower and the Restricted Subsidiaries as at the end of such fiscal year, and the related consolidated statements
of income or operations, stockholders’ equity, cash flows and changes in retained earnings for such fiscal year, setting
forth in each case in comparative form the figures for the previous fiscal year, all in reasonable detail and prepared in accordance
with GAAP, audited and accompanied by a report and opinion of an independent registered public accounting firm of nationally recognized
standing, which report and opinion shall be prepared in accordance with generally accepted auditing standards and shall not be
subject to any “going concern” or like qualification or exception (other than (x) an emphasis of matter to the extent
such statement does not qualify such audit, (y) with respect to, or resulting from, the regularly scheduled maturity of the
Loans hereunder, the Second Lien Facility or the ABL Facilityany
Indebtedness occurring within one year from the time opinion is delivered or (z) a prospective default under any financial
covenant) or any qualification or exception as to the scope of such audit;

 

(b)               
as soon as available, but in any event, within forty five (45) days (or, in the case of the fiscal quarters ending September
30, 2017, March 31, 2018, June 30, 2018 and September 30, 2018, sixty (60) days) after the end of each of the first three (3) fiscal
quarters of each fiscal year of the Parents, a Consolidated balance sheet of the Parents, the Borrower and the Restricted Subsidiaries
as at the end of such fiscal quarter, and the related (i) consolidated statements of income or operations and equity for such fiscal
quarter and for the portion of the fiscal year then ended, and (ii) consolidated statements of cash flows for the portion of the
fiscal year then ended, setting forth in each case in comparative form the figures for the corresponding fiscal quarter of the
previous fiscal year and the corresponding portion of the previous fiscal year, all in reasonable detail and certified by a Responsible
Officer of the Borrower as fairly presenting in all material respects the financial condition, results of operations, stockholders’
equity and cash flows of the Parents, the Borrower and the other Subsidiaries in accordance with GAAP, subject only to normal year-end
adjustments and the absence of footnotes;

 

(c)               
simultaneously with the delivery of each set of consolidated financial statements referred to in Section 6.01(a)
and (b) above, the related consolidating financial statements reflecting the adjustments necessary to eliminate the accounts
of Unrestricted Subsidiaries (if any) from such consolidated financial statements and, solely with the delivery of each set of
consolidated financial statements referred to in Section 6.01(a) above, a customary management discussion and analysis of operating
results.

 

    -100-

     

    

 

Notwithstanding
the foregoing, the obligations in paragraphs (a) and (b) of this Section 6.01 may be satisfied
with respect to financial information of the Parents, the Borrower and the Restricted Subsidiaries by furnishing (A) the applicable
consolidated financial statements of any direct or indirect parent of the Parents that, directly or indirectly, holds all of the
Equity Interests of the Parents, (B) the Parents’ (or any direct or indirect parent thereof, as applicable) Form 10-K or
10-Q, as applicable, filed with the SEC or,
(C) following an election by the Borrower pursuant to the definition of “GAAP,” the applicable financial statements
determined in accordance with IFRS or (D) the Form 10-K or 10-Q,
as applicable, filed with the SEC by Utz Brands, Inc., a Delaware corporation; provided that, with respect to
each of clauses (A), (B) and (BD),
(i) to the extent such information relates to a parent of the Parents, such information is accompanied by consolidating information
that explains in reasonable detail the differences between the information relating to such parent, on the one hand, and the information
relating to the Parents, the Borrower and the Restricted Subsidiaries on a standalone basis, on the other hand and (ii) to the
extent such information is in lieu of information required to be provided under Section 6.01(a), such materials are accompanied
by a report and opinion an independent registered public accounting firm of nationally recognized standing, which report and opinion,
subject to the same exceptions set forth above, shall be prepared in accordance with generally accepted auditing standards.

 

Section
6.02              Certificates;
Other Information. Deliver to the Administrative
Agent for prompt further distribution to each Lender:

 

(a)               
no later than five (5) days after the delivery of the financial statements referred to in Section 6.01(a) and (b),
a duly completed Compliance Certificate signed by a Responsible Officer of the Borrower;

 

(b)               
promptly after the same are publicly available, copies of all annual, regular, periodic and special reports and registration
statements which any Parent or the Borrower files with the SEC or with any Governmental Authority that may be substituted therefor
(other than amendments to any registration statement (to the extent such registration statement, in the form it became effective,
is delivered), exhibits to any registration statement and, if applicable, any registration statement on Form S-8) and in any case
not otherwise required to be delivered to the Administrative Agent pursuant hereto;

 

(c)               
promptly after the furnishing thereof, copies of any material requests or material notices received by any Parent, the Borrower
or any Restricted Subsidiary (other than in the ordinary course of business) that could reasonably be expected to result in a Material
Adverse Effect;

 

(d)               
together with the delivery of the financial statements pursuant to Section 6.01(a) and each Compliance Certificate
pursuant to Section 6.02(a), (i) a report setting forth the information required by Section 3.03 of the Security
Agreement or confirming that there has been no change in such information since the Closing Date or the date of the last Compliance
Certificate, (ii) a description of each event, condition or circumstance during the last fiscal quarter covered by such Compliance
Certificate requiring a prepayment under Section 2.05(b), (iii) a list of Subsidiaries that identifies each Subsidiary as
a Material Subsidiary, Unrestricted Subsidiary or an Immaterial Subsidiary as of the date of delivery of such Compliance Certificate
or a confirmation that there is no change in such information since the later of the Closing Date or the date of the last such
list and (iv) such other information required by the Compliance Certificate;

 

(e)               
no later than one hundred and twenty (120) days following the first day of each fiscal
year of the Parents (commencing with the first day of the first fiscal year of the Parents ended after the Closing Date), an annual
budget (on a quarterly basis) for such fiscal year in form customarily prepared by the Borrower;[reserved];

 

(f)                
promptly, such additional information regarding the business, legal, financial or corporate affairs of any Loan Party or
any Material Subsidiary, or compliance with the terms of the Loan Documents, as the Administrative Agent or any Lender through
the Administrative Agent may from time to time reasonably request; and

 

    -101-

     

    

 

(g)        promptly
after the furnishing thereof, copies of any material notices received by any Parent, the Borrower or any Restricted Subsidiary
under the Second Lien Facility.

 

(g)               
[reserved].

 

Documents
required to be delivered pursuant to Section 6.01(a), (b) and (c), Section 6.02(a), or Section
6.02(c) may be delivered electronically and if so delivered, shall be deemed to have been delivered on the date (i) on which
the Borrower posts such documents, or provides a link thereto on the Borrower’s website on the Internet at the website address
listed on Schedule 10.02; or (ii) on which such documents are posted on the Borrower’s behalf on IntraLinks/IntraAgency
or another relevant website, if any, to which each Lender and the Administrative Agent have access (whether a commercial, third-party
website or whether sponsored by the Administrative Agent); provided that: (i) upon written request by the Administrative
Agent, the Borrower shall deliver paper copies of such documents to the Administrative Agent for further distribution to each Lender
until a written request to cease delivering paper copies is given by the Administrative Agent and (ii) the Borrower shall notify
(which may be by facsimile or electronic mail) the Administrative Agent of the posting of any such documents and provide to the
Administrative Agent by electronic mail electronic versions (i.e., soft copies) of such documents. Each Lender shall be
solely responsible for timely accessing posted documents or requesting delivery of paper copies of such documents from the Administrative
Agent and maintaining its copies of such documents.

 

The
Borrower represents and warrants that it, its controlling Person and any Subsidiary, in each case, if any, either (i) has no registered
or publicly traded securities outstanding, or (ii) files its financial statements with the SEC and/or makes its financial statements
available to potential holders of its 144A securities, and, accordingly, the Borrower hereby (i) authorizes the Administrative
Agent to make the financial statements to be provided under Section 6.01(a), (b) and (c) and Section
6.02(a) or Section 6.02(c) above (collectively, “Borrower Materials”), along with the Loan Documents,
available on IntraLinks or another similar electronic system (the “Platform”) to certain of the Lenders (each,
a “Public Lender”) that may have personnel who do not wish to receive material non-public information with respect
to the Borrower or its Affiliates, or the respective securities of any of the foregoing, and who may be engaged in investment and
other market-related activities with respect to such Persons’ securities, and (ii) agrees that at the time such financial
statements are provided hereunder, they shall already have been made available to holders of its securities. The Borrowers hereby
agree that they will use commercially reasonable efforts to identify that portion of the Borrower Materials that may be distributed
to the Public Lenders and that (x) all such Borrower Materials shall be clearly and conspicuously marked “PUBLIC” which,
at a minimum, shall mean that the word “PUBLIC” shall appear prominently on the first page thereof; (y) all Borrower
Materials marked “PUBLIC” are permitted to be made available through a portion of the Platform designated “Public
Side Information;” and (z) the Administrative Agent and the Lead Arrangers shall be entitled to treat any Borrower Materials
that are not marked “PUBLIC” as being suitable only for posting on a portion of the Platform not designated “Public
Side Information.” The Administrative Agent shall be under no obligation to post any other material to Public Lenders unless
the Borrower has expressly represented and warranted to the Administrative Agent in writing that such materials do not constitute
material non-public information within the meaning of the federal securities laws or that the Borrower has no outstanding publicly
traded securities, including 144A securities.

 

Section
6.03             Notices.
Promptly after a Responsible Officer obtains actual knowledge thereof, notify the Administrative Agent for prompt further distribution
to each Lender:

 

(a)                 of the occurrence of any Default, which notice shall specify the nature thereof, the period of existence thereof and what
action the Borrower proposes to take with respect thereto;

 

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(b)               
of any litigation or governmental proceeding (including, without limitation, pursuant to any Environmental Laws) pending
against any Parent, the Borrower or any of the Restricted Subsidiaries that could reasonably be expected to be determined adversely
and, if so determined, to result in a Material Adverse Effect; and

 

(c)               
of the occurrence of any ERISA Event that could reasonably be expected to have a Material Adverse Effect.

 

Section
6.04              Maintenance
of Existence. (a) Preserve, renew and maintain in
full force and effect its legal existence under the Laws of the jurisdiction of its organization or incorporation and (b) take
all reasonable action to maintain all rights (including IP Rights), privileges (including its good standing), permits, licenses
and franchises necessary or desirable in the normal conduct of its business, except in the case of clauses (a) (other than
with respect to the Borrower and any Parent) and (b), (i) to the extent that failure to do so could not reasonably be expected
to have a Material Adverse Effect or (ii) pursuant to a transaction permitted by Section 7.04 or Section 7.05.

 

Section
6.05             Maintenance
of Properties. Except if the failure to do so could
not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect, (a) maintain, preserve and protect
all of its material properties and equipment necessary in the operation of its business in good working order, repair and condition,
ordinary wear and tear excepted and casualty or condemnation excepted, and (b) make all necessary renewals, replacements, modifications,
improvements, upgrades, extensions and additions thereof or thereto in accordance with prudent industry practice.

 

Section
6.06              Maintenance
of Insurance. Maintain with financially sound and
reputable insurance companies, insurance with respect to its properties and business against loss or damage of the kinds customarily
insured against by Persons engaged in the same or similar business, of such types and in such amounts (after giving effect to
any self-insurance reasonable and customary for similarly situated Persons engaged in the same or similar businesses as the Parents,
the Borrower and the Restricted Subsidiaries) as are customarily carried under similar circumstances by such other Persons. 

 

Section
6.07             Compliance
with Laws. Comply in all respects with the requirements
of all Laws and all orders, writs, injunctions, decrees and judgments applicable to it or to its business or property (including
without limitation Environmental Laws, ERISA, Sanctions Laws and Regulations and FCPA and other applicable anti-corruption laws),
except if the failure to comply therewith could not, individually or in the aggregate reasonably be expected to have a Material
Adverse Effect.

 

Section
6.08             Books
and Records. Maintain proper books of record and
account, in which entries that are full, true and correct in all material respects and are in conformity with GAAP consistently
applied shall be made of all material financial transactions and matters involving the assets and business of such Parent, the
Borrower or such Restricted Subsidiary, as the case may be.

 

Section
6.09             Inspection
Rights. Permit representatives and independent contractors
of the Administrative Agent and each Lender to visit and inspect any of its properties and to discuss its affairs, finances and
accounts with its directors, managers, officers, and independent public accountants, all at the reasonable expense of the Borrower
and at such reasonable times during normal business hours and as often as may be reasonably desired, upon reasonable advance notice
to the Borrower; provided that, excluding any such visits and inspections during the continuation of an Event of Default,
only the Administrative Agent on behalf of the Lenders may exercise rights of the Administrative Agent and the Lenders under this
Section 6.09 and the Administrative Agent shall not exercise such rights more often than two (2) times during any
calendar year absent the existence of an Event of Default and only one (1) such time shall be at the Borrower’s expense;
provided, further, that when an Event of Default exists, the Administrative Agent or any Lender (or any of their
respective representatives or independent contractors) may do any of the foregoing at the expense of the Borrower at any time during
normal business hours and upon reasonable advance notice. The Administrative Agent and the Lenders shall give the Borrower the
opportunity to participate in any discussions with the Borrower’s independent public accountants. Notwithstanding anything
to the contrary in this Section 6.09, none of the Parents, the Borrower or any Restricted Subsidiary will be required to
disclose or permit the inspection or discussion of, any document, information or other matter (i) that constitutes non-financial
trade secrets or non-financial proprietary information, (ii) in respect of which disclosure to the Administrative Agent or any
Lender (or their respective representatives or contractors) is prohibited by Law or any binding agreement or (iii) that is subject
to attorney client or similar privilege or constitutes attorney work product.

 

    -103-

     

    

 

Section
6.10             Covenant
to Guarantee Obligations and Give Security. At the
Borrower’s expense, take all action necessary or reasonably requested by the Administrative Agent to ensure that the Collateral
and Guarantee Requirement continues to be satisfied, including:

 

(a)               
upon the formation or acquisition of any new direct or indirect Wholly Owned Subsidiary (in each case, other than an Excluded
Subsidiary) by any Loan Party, the designation in accordance with Section 6.13 of any existing direct or indirect Wholly
Owned Subsidiary as a Restricted Subsidiary or any Excluded Subsidiary ceasing to be an Excluded Subsidiary or designation of any
Subsidiary as a Guarantor pursuant to the definition of Guarantors,

 

(i)                  within
forty five (45) days after such formation, acquisition, designation or occurrence or such longer period as the Administrative
Agent may agree in its reasonable discretion:

 

(A)                90
days following the Administrative Agent’s receipt of the notice of such formation, acquisition, designation or occurrence,
cause each such Restricted Subsidiary to duly execute and deliver to the Administrative Agent or the Collateral Agent (as appropriate),
pledges, guarantees, assignments, Security Agreement Supplements and other security agreements and documents or joinders or supplements
thereto, as reasonably requested by and in form and substance reasonably satisfactory to the Administrative Agent and the Collateral
Agent (to the extent applicable, consistent with the Security Agreement and other Collateral Documents in effect on the Closing
Date), in each case granting Liens required by the Collateral and Guarantee Requirement;

 

(B)                cause
each such Restricted Subsidiary to deliver any and all certificates representing Equity Interests (to the extent certificated)
that are required to be pledged pursuant to the Collateral and Guarantee Requirement, accompanied by undated stock powers or other
appropriate instruments of transfer executed in blank and (if applicable) instruments evidencing the Indebtedness held by such
Restricted Subsidiary and required to be pledged pursuant to the Collateral Documents, indorsed in blank to the Collateral Agent;
and

 

(C)                take
and cause such Restricted Subsidiary and each direct or indirect parent of such Restricted Subsidiary that is required to become
a Guarantor pursuant to the Collateral and Guarantee Requirement to take whatever action (including the filing of financing statements
and delivery of stock and membership interest certificates) may be necessary in the reasonable opinion of the Collateral Agent
to vest in the Collateral Agent (or in any representative of the Collateral Agent designated by it) valid and perfected Liens
with the priority required by the Collateral and Guarantee Requirement, enforceable against all third parties in accordance with
their terms, except as such enforceability may be limited by Debtor Relief Laws and by general principles of equity (regardless
of whether enforcement is sought in equity or at law).

 

    -104-

     

    

 

Section
6.11              Use
of Proceeds. Use the proceeds of any Credit
Extension, whether directly or indirectly, in a manner consistent with the uses set forth in the Preliminary Statements to this
Agreement.

 

Section
6.12              Further
Assurances and Post-Closing Covenants.

 

(a)                
Promptly upon reasonable request by the Administrative Agent or the Collateral Agent (i) correct any material defect or
error that may be discovered in the execution, acknowledgment, filing or recordation of any Collateral Document or other document
or instrument relating to any Collateral, and (ii) subject to the limitations set forth in the Collateral and Guarantee Requirement,
do, execute, acknowledge, deliver, record, re-record, file, re-file, register and re-register any and all such further acts, deeds,
certificates, assurances and other instruments as the Administrative Agent or the Collateral Agent may reasonably request from
time to time in order to carry out more effectively the purposes of this Agreement and the Collateral Documents; provided,
however, that notwithstanding anything to the contrary contained in this Agreement or any other Collateral Document, nothing in
this Agreement or any other Collateral Document shall require the Borrower or any other Loan Party to make any filings or take
any actions to record or to perfect the Collateral Agent’s security interest in (i) any IP Rights other than UCC filings
and the filing of documents effecting the recordation of security interests in the United States Copyright Office or United States
Patent and Trademark Office, or (ii) any non-United States IP Rights;

 

(b)               
Within the time periods specified on Schedule 6.12 hereto (as each may be extended by the Administrative Agent in
its reasonable discretion), complete such undertakings as are set forth on Schedule 6.12 hereto.

 

Section
6.13              Designation
of Subsidiaries.

 

(a)               
Subject to Section 6.13(b) below, the Borrower may at any time designate any Restricted Subsidiary as an Unrestricted
Subsidiary or any Unrestricted Subsidiary as a Restricted Subsidiary. The designation of any Restricted Subsidiary as an Unrestricted
Subsidiary shall constitute an Investment by the applicable Loan Party therein at the date of designation in an amount equal to
the fair market value of such Loan Party’s investment therein. The designation of any Unrestricted Subsidiary as a Restricted
Subsidiary shall constitute the incurrence at the time of designation of any Indebtedness or Liens of such Subsidiary existing
at such time.

 

(b)               
The Borrower may not (x) designate any Restricted Subsidiary as an Unrestricted Subsidiary, or (y) designate an Unrestricted
Subsidiary as a Restricted Subsidiary, in each case unless

 

(i)                 
no Specified Event of Default shall have occurred or be continuing; and

 

(ii)                
in the case of clause (x) only, (A) the Subsidiary to be so designated does not (directly, or indirectly through
its Subsidiaries) own any Equity Interests or Indebtedness of, or own or hold any Lien on any property of, any Parent, the Borrower
or any Restricted Subsidiary (unless such Restricted Subsidiary is also designated an Unrestricted Subsidiary) and (B) neither
the Borrower nor any Parent nor any Restricted Subsidiary shall at any time be directly or indirectly liable for any Indebtedness
that provides that the holder thereof may (with the passage of time or notice or both) declare a default thereon or cause the payment
thereof to be accelerated or payable prior to its stated maturity upon the occurrence of a default with respect to any Indebtedness,
Lien or other obligation of any Unrestricted Subsidiary (including any right to take enforcement action against such Unrestricted
Subsidiary).

 

    -105-

     

    

 

Section
6.14             Payment
of Taxes. The Borrower will pay and discharge, and
will cause each of the Restricted Subsidiaries to pay and discharge, all Taxes imposed upon it or upon its income or profits, or
upon any properties belonging to it, in each case on a timely basis, and all lawful claims which, if unpaid, may reasonably be
expected to become a lien or charge upon any properties of any Parent, the Borrower or any of the Restricted Subsidiaries not otherwise
permitted under this Agreement; provided that neither the Borrower nor any Parent nor any of the Restricted Subsidiaries
shall be required to pay any such Tax or claim which is being contested in good faith and by proper proceedings if it has maintained
adequate reserves with respect thereto in accordance with GAAP or which would not reasonably be expected, individually or in the
aggregate, to constitute a Material Adverse Effect.

 

Section
6.15             Nature
of Business. The Parents, Borrower and the Restricted
Subsidiaries will engage only in material lines of business substantially similar to those lines of business conducted by the Parents,
the Borrower and the Restricted Subsidiaries on the Closing Date or any business reasonably related, complementary or ancillary
thereto.

 

Section
6.16              Maintenance
of Rating of the Borrower and the Facilities. The
Parents, the Borrower and the Restricted Subsidiaries shall use commercially reasonable efforts to maintain (i) a public corporate
credit rating (but not any particular rating) from S&P and aand
public corporate family rating (but not any particular rating)),
as applicable, from any two of S&P, Moody’s
and Fitch, in each case in respect of the Borrower and
(ii) a public rating (but not any particular rating) in respect of the Loans from eachany
two of S&P and,
Moody’s and Fitch.

 

Section
6.17              Lender Calls.
The Borrower will engage in quarterly telephonic meetings with the Administrative Agent and the Lenders to review the Consolidated
financial results of operations and the financial condition of the Parents, the Borrower and the Restricted Subsidiaries.

 

Section
6.18              [Reserved].

 

ARTICLE
VII

 

Negative Covenants

 

From
and after the Closing Date and so long as any Lender shall have any Term Commitment hereunder, any Loan or other Obligation hereunder
which is accrued and payable shall remain unpaid or unsatisfied (other than contingent indemnification obligations not yet due
and payable), the Parents and the Borrower shall not, nor shall they permit the Restricted Subsidiaries to:

 

Section
7.01              Liens.
Create, incur, assume or suffer to exist any Lien upon any of its property, assets or revenues, whether now owned or hereafter
acquired, other than the following:

 

(a)                
Liens pursuant to any Loan Document;

 

(b)                
Liens existing on the date hereofClosing
Date and set forth on Schedule 7.01(b);

 

(c)                
Liens for Taxes, assessments or governmental charges (i) which are not overdue for a period of more than thirty (30) days,
(ii) which are being contested in good faith and by appropriate proceedings diligently conducted, if adequate reserves with respect
thereto are maintained on the books of the applicable Person to the extent required in accordance with GAAP or (iii) the nonpayment
of which would not result in a breach of Section 6.14;

 

    -106-

     

    

 

 

(d)               
statutory or common law Liens of landlords, carriers, warehousemen, mechanics, materialmen, repairmen, construction contractors
or other like Liens arising in the ordinary course of business (i) which secure amounts not overdue for a period of more than thirty
(30) days or if more than thirty (30) days overdue, are unfiled (or, if, filed have been discharged or stayed) and no other action
has been taken to enforce such Lien or (ii) which are being contested in good faith and by appropriate proceedings diligently conducted,
if adequate reserves with respect thereto are maintained on the books of the applicable Person to the extent required in accordance
with GAAP;

 

(e)               
(i) pledges, deposits or Liens arising as a matter of law in the ordinary course of business in connection with workers’
compensation, payroll taxes, unemployment insurance and other social security legislation and (ii) pledges and deposits in the
ordinary course of business securing liability for reimbursement or indemnification obligations of (including obligations in respect
of letters of credit or bank guarantees for the benefit of) insurance carriers providing property, casualty or liability insurance
to any Parent, the Borrower or any Restricted Subsidiary;

 

(f)                
Liens incurred in the ordinary course of business to secure the performance of bids, trade contracts, governmental contracts
and leases (other than Indebtedness for borrowed money), statutory obligations, surety, stay, customs and appeal bonds, performance
bonds and other obligations of a like nature (including those to secure health, safety and environmental obligations);

 

(g)               
easements, rights-of-way, restrictions, covenants, conditions, encroachments, protrusions and other similar encumbrances
and minor title defects affecting real property which, in the aggregate, do not in any case materially interfere with the ordinary
conduct of the business of any Parent, the Borrower or any Restricted Subsidiary;

 

(h)               
Liens securing judgments for the payment of money not constituting an Event of Default under Section 8.01(h);

 

(i)                
Liens securing Indebtedness permitted under Section 7.03(f); provided that (i) such Liens attach concurrently
with or within two hundred and seventy (270) days after the acquisition, construction, repair, replacement or improvement (as applicable)
of the property subject to such Liens, (ii) such Liens do not at any time encumber any property other than the property financed
by such Indebtedness, replacements thereof and additions and accessions to such property and the proceeds and the products thereof
and customary security deposits, and (iii) with respect to Capitalized Leases, such Liens do not at any time extend to or cover
any assets (except for additions and accessions to such assets, replacements and products thereof and customary security deposits)
other than the assets subject to such Capitalized Leases; provided that individual financings of equipment provided by one
lender may be cross-collateralized to other financings of equipment provided by such lender;

 

(j)                
leases, licenses, subleases or sublicenses and Liens on the property covered thereby, in each case, granted to others in
the ordinary course of business which do not (i) interfere in any material respect with the business of any Parent, the Borrower
or any Restricted Subsidiary, taken as a whole, or (ii) secure any Indebtedness;

 

(k)               
Liens in favor of customs and revenue authorities arising as a matter of law to secure payment of customs duties in connection
with the importation of goods in the ordinary course of business;

 

(l)                
Liens (i) of a collection bank (including those arising under Section 4-210 of the Uniform Commercial Code) on the items
in the course of collection and (ii) in favor of a banking or other financial institution arising as a matter of law encumbering
deposits or other funds maintained with a financial institution (including the right of set off) and which are within the general
parameters customary in the banking industry;

 

    -107-

     

    

 

(m)               
Liens (i) on cash advances in favor of the seller of any property to be acquired in an Investment permitted pursuant to
Section 7.02(j), (n), (t) or (y) to be applied against the purchase price for such Investment and (ii)
consisting of an agreement to Dispose of any property in a Disposition permitted under Section 7.05, in each case, solely
to the extent such Investment or Disposition, as the case may be, would have been permitted on the date of the creation of such
Lien;

 

(n)               
Liens in favor of the Borrower or a Restricted Subsidiary securing Indebtedness permitted under Section 7.03(e);
provided that any Lien in favor of a Restricted Subsidiary that is not a Loan Party shall be a Lien ranking junior to the Lien
on the Collateral securing the Obligations and such Indebtedness may not be secured by any assets that are not Collateral;

 

(o)               
Liens existing on property at the time of its acquisition or existing on the property of any Person at the time such Person
becomes a Restricted Subsidiary (other than by designation as a Restricted Subsidiary pursuant to Section 6.13), in each
case after the date hereofClosing
Date; provided that (i) such Lien was not created in contemplation of such acquisition or such Person becoming
a Restricted Subsidiary, (ii) such Lien does not extend to or cover any other assets or property (other than the proceeds or products
thereof and other than after-acquired property subjected to a Lien securing Indebtedness and other obligations incurred prior to
such time and which Indebtedness and other obligations are permitted hereunder that require, pursuant to their terms at such time,
a pledge of after-acquired property, it being understood that such requirement shall not be permitted to apply to any property
to which such requirement would not have applied but for such acquisition), and (iii) the Indebtedness secured thereby is permitted
under Section 7.03;

 

(p)               
any interest or title of a lessor or sublessor under leases or subleases entered into by any Parent, the Borrower or any
Restricted Subsidiary in the ordinary course of business;

 

(q)               
Liens, if any, arising out of conditional sale, title retention, consignment or similar arrangements for sale of goods entered
into by any Parent, the Borrower or any Restricted Subsidiary in the ordinary course of business;

 

(r)                
Liens that are contractual rights of set-off (i) relating to the establishment of depository relations with banks or other
financial institutions not given in connection with the incurrence of Indebtedness, (ii) relating to pooled deposit or sweep accounts
of any Parent, the Borrower or any Restricted Subsidiary to permit satisfaction of overdraft or similar obligations incurred in
the ordinary course of business of any Parent, the Borrower or any Restricted Subsidiary or (iii) relating to purchase orders and
other agreements entered into with customers of any Parent, the Borrower or any Restricted Subsidiary in the ordinary course of
business;

 

(s)                
Liens, if any, arising from precautionary Uniform Commercial Code financing statement filings;

 

(t)                
Liens on insurance policies and the proceeds thereof securing the financing of the premiums with respect thereto;

 

(u)               
any zoning or similar law or right reserved to or vested in any Governmental Authority to control or regulate the use of
any real property that does not materially interfere with the ordinary conduct of the business of any Parent, the Borrower or any
Restricted Subsidiary;

 

    -108-

     

    

 

(v)               
Liens on specific items of inventory or other goods and the proceeds thereof securing such Person’s obligations in
respect of documentary letters of credit issued for the account of such Person to facilitate the purchase, shipment or storage
of such inventory or goods;

 

(w)               
the modification, replacement, renewal or extension of any Lien permitted by clauses (b), (i) and (o)
of this Section 7.01; provided that (i) the Lien does not extend to any additional property other than (A) after-acquired
property that is affixed or incorporated into the property covered by such Lien or financed by Indebtedness permitted under Section
7.03, and (B) proceeds and products thereof; and (ii) the renewal, extension or refinancing of the obligations secured or benefited
by such Liens is permitted by Section 7.03;

 

(x)               
ground leases in respect of real property on which facilities owned or leased by any Parent, the Borrower or any Restricted
Subsidiary are located;

 

(y)               
Liens on property of a Non-Loan Party securing Indebtedness or other obligations of such Non-Loan Party;

 

(z)                
Liens solely on any cash earnest money deposits made by any Parent, the Borrower or any Restricted Subsidiary in connection
with any letter of intent or purchase agreement permitted hereunder;

 

(aa)              
Liens securing Indebtedness permitted pursuant to Section 7.03(t); provided that such Liens may be either
a Lien (i) on the Collateral that is pari passu with the Lien securing the Obligations or (ii) ranking junior to the Lien
on the Collateral securing the Obligations, and, in each case, the beneficiaries thereof (or an agent on their behalf) shall have
entered into the Applicable Intercreditor Agreement; provided that such Liens may not be on any assets that are not Collateral;

 

(bb)             
Liens securing Indebtedness permitted pursuant to Section 7.03(m);

 

(cc)              
other Liens securing Indebtedness or other obligations in an aggregate principal amount at any time outstanding not to exceed
the greater of (x) $4080,000,000
and (y) 40% of Consolidated EBITDA of the Parents, the Borrower and the Restricted Subsidiaries for the most recently ended Test
Period calculated on a Pro Forma Basis;

 

(dd)             
Liens securing Indebtedness permitted pursuant to Section 7.03(w) and (y); provided that such Liens
may be either a Lien on the Collateral that is pari passu with the Lien securing the Obligations or a Lien ranking
junior to the Lien on the Collateral securing the Obligations (but may not be secured by any assets that are not Collateral) and,
in any such case, the beneficiaries thereof (or an agent on their behalf) shall have entered into the Applicable Intercreditor
Agreement;

 

(ee)              
Liens securing Indebtedness permitted pursuant to Section 7.03(v); provided that, (i) such Liens shall only
secure the obligations secured on the date of the related Permitted Acquisition or other Investment and such liens shall not extend
to any other property of the Parents, the Borrower and the Restricted Subsidiaries and (ii) to the extent such Liens are on the
Collateral, the beneficiaries thereof (or an agent on their behalf) shall have entered into the Applicable Intercreditor Agreement;

 

    -109-

     

    

 

(ff)              
Liens on the Collateral securing Indebtedness permitted pursuant to Section 7.03(b); provided that (A)
in the case of Indebtedness permitted pursuant to Section 7.03(b)(A) and any Permitted Refinancing thereof, the
representative in respect thereof shall have entered into the Applicable Intercreditor Agreement, which shall provide that (i)
the Liens on the ABL Priority Collateral securing such Indebtedness may be pari passu or senior to the Liens on the ABL Priority
Collateral securing the Obligations and (ii) the Liens on the Term Priority Collateral securing such Indebtedness shall be junior
to the Liens on the Term Priority Collateral securing the Obligations and (B) in the case of Indebtedness
permitted pursuant to Section 7.03(b)(B) and any Permitted Refinancing thereof, the representative in respect thereof shall have
entered into the Applicable Intercreditor Agreement, which shall provide that the Liens securing the Second Lien Facility rank
junior to the Liens securing the Obligations;;

 

(gg)             
with respect to any Foreign Subsidiary, other Liens and privileges arising mandatorily by Law;

 

(hh)             
Liens on receivables and related assets arising in connection with a Permitted Receivables Financing;

 

(ii)                
Liens securing Indebtedness permitted to be secured pursuant to Section 7.03(r); provided that to the extent
such Liens are on the Collateral, (i) such Liens may be either a Lien that is pari passu with the Lien securing the Obligations
or a Lien ranking junior to the Lien securing the Obligations and (ii) the beneficiaries thereof (or an agent on their behalf)
shall have entered into the Applicable Intercreditor Agreement; and

 

(jj)                
Liens on the Equity Interests of JV Entities securing financing arrangements for the benefit of the applicable JV Entity
that are not otherwise prohibited under this Agreement.

 

Section
7.02                     Investments.
Make any Investments, except:

 

(a)               
Investments by any Parent, the Borrower or any Restricted Subsidiary in assets that were Cash Equivalents when such Investment
was made;

 

(b)               
loans or advances to officers, directors, managers, partners and employees of any Parent (or any direct or indirect parent
thereof), any Intermediate Holding Company, the Borrower or the Restricted Subsidiaries (i) for reasonable and customary business-related
travel, entertainment, relocation, customary fringe benefits and analogous ordinary business purposes, (ii) in connection with
such Person’s purchase of Equity Interests of any Parent (or any direct or indirect parent thereof or any Intermediate Holding
Company or the Borrower) (provided that the proceeds of any such loans and advances shall be contributed to the Borrower
in cash as common equity) and (iii) for purposes not described in the foregoing clauses (i) and (ii), in an aggregate
principal amount outstanding not to exceed the greater of (x) $1020,000,000
and (y) 10% of Consolidated EBITDA of the Parents, the Borrower and the Restricted Subsidiaries for the most recently ended Test
Period calculated on a Pro Forma Basis;

 

(c)               
asset purchases (including purchases of inventory, supplies and materials) and the licensing or contribution of intellectual
property pursuant to joint marketing arrangements with other Persons, in each case in the ordinary course of business;

 

(d)               
Investments (i) by any Loan Party in any other Loan Party (other than any Parent), (ii) by any Non-Loan Party in any Loan
Party (other than any Parent), (iii) by any Non-Loan Party in any other Non-Loan Party and (iv) by any Loan Party in any Non-Loan
Party; provided that the aggregate amount of such Investments in Non-Loan Parties pursuant to clause (iv) shall not
exceed in an aggregate amount, as valued at cost at the time each such Investment is made and including all related commitments
for future Investments, (A) the greater of (x) $3560,000,000
and (y) 30% of Consolidated EBITDA of the Parents, the Borrower and the Restricted Subsidiaries for the most recently ended Test
Period calculated on a Pro Forma Basis (excluding any Investments received in respect of, or consisting of, the transfer or contribution
of Equity Interests in or Indebtedness of any Foreign Subsidiary to any other Foreign Subsidiary), plus (B) an amount equal to
any returns of capital or sale proceeds actually received in cash in respect of any such Investments (which amount shall not exceed
the amount of such Investment valued at cost at the time such Investment was made); provided that any such amounts under
this clause (B) shall not increase the Available Amount, it being understood that any returns of capital or sale proceeds
actually received in cash in respect of any such Investments in excess of the amount of such Investment valued at cost at the time
such Investment was made shall increase the Available Amount (to the extent such excess amount of returns or proceeds would otherwise
increase the Available Amount pursuant to the definition thereof);

 

    -110-

     

    

 

(e)               
Investments consisting of extensions of credit in the nature of accounts receivable or notes receivable arising from the
grant of trade credit in the ordinary course of business, and Investments received in satisfaction or partial satisfaction thereof
from financially troubled account debtors and other credits to suppliers in the ordinary course of business;

 

(f)                
Investments consisting of Liens, Indebtedness, fundamental changes, Dispositions and Restricted Payments (other than, in
each case, by reference to this Section 7.02) permitted under Section 7.01, Section 7.03, Section 7.04,
Section 7.05 and Section 7.06, respectively;

 

(g)               
Investments existing on the Closing Date and set forth on Schedule 7.02 and any modification, replacement, renewal,
reinvestment or extension of any such Investments; provided that the amount of any Investment permitted pursuant to this
Section 7.02(g) is not increased from the amount of such Investment on the Closing Date except pursuant to the terms of
such Investment as of the Closing Date or as otherwise permitted by this Section 7.02;

 

(h)               
Investments in Swap Contracts permitted under Section 7.03(g);

 

(i)                
promissory notes and other noncash consideration received in connection with Dispositions permitted by Section 7.05;

 

(j)                
the purchase or other acquisition of property and assets or businesses of any Person or of assets constituting a business
unit, a line of business or division of such Person, or Equity Interests in a Person that, upon the consummation thereof, will
be a Restricted Subsidiary (including as a result of a merger or consolidation) (or such assets will be contributed to a Parent,
the Borrower or a Restricted Subsidiary) (each, a “Permitted Acquisition”) and together with any Investments
in Restricted Subsidiaries necessary to consummate a transaction otherwise permitted by this clause (j); provided
that (i) immediately after giving Pro Forma Effect to any such purchase or other acquisition, no Default or Event of Default shall
have occurred and be continuing (provided that in the case of any Limited Condition Transaction, no Specified Event of Default
shall also have occurred and be continuing at the time of consummation thereof), (ii) after giving effect to any such purchase
or other acquisition, the Borrower shall be in compliance with the covenant in Section 6.15,
and (iii) to the extent required by the Collateral and
Guarantee Requirement, (A) the property, assets and businesses acquired in such purchase or other acquisition shall become Collateral
and (B) any such newly created or acquired Restricted Subsidiary (other than an Excluded Subsidiary) shall become Guarantors, in
each case in accordance with Section 6.10 and (iv) the aggregate consideration for the
acquisition of Non-Loan Parties pursuant to clause (j) shall not exceed in an aggregate
amount at any time outstanding, as valued at cost at the time each such Investment is made, not to exceed the greater of (x) $50,000,000
and (y) 45% of Consolidated EBITDA of the Parents, the Borrower and the Restricted Subsidiaries for the most recently ended Test
Period calculated on a Pro Forma Basis;;

 

(k)                 the Inventure Acquisition;

 

(k)                
[reserved];

 

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(l)                
Investments in the ordinary course of business consisting of endorsements for collection or deposit and customary trade
arrangements with customers consistent with past practices;

 

(m)               
Investments (including debt obligations and Equity Interests) received in connection with the bankruptcy or reorganization
of suppliers and customers or in settlement of delinquent obligations of, or other disputes with, customers and suppliers arising
in the ordinary course of business or upon the foreclosure with respect to any secured Investment or other transfer of title with
respect to any secured Investment;

 

(n)               
Investments as valued at cost at the time each such Investment is made and including all related commitments for future
Investments, in an amount not exceeding (i) the Available Amount (provided that at the time of any such Investment in reliance
on clause (b) of the definition of “Available Amount”, no Specified
Event of Default shall have occurred and be continuing or would result therefrom) and/or (ii) the Excluded Contribution
Amount;

 

(o)               
advances of payroll payments to employees in the ordinary course of business;

 

(p)               
loans and advances to any direct or indirect parent of any Parent in lieu of, and not in excess of the amount of (after
giving effect to any other such loans or advances or Restricted Payments in respect thereof), Restricted Payments to the extent
permitted to be made to such direct or indirect parent in accordance with Section 7.06; provided that any such loan
or advance shall reduce the amount of such applicable Restricted Payment thereafter permitted under Section 7.06 by a corresponding
amount (if such applicable provision of Section 7.06 contains a maximum amount);

 

(q)                
Investments held by a Restricted Subsidiary acquired after the Closing Date or of a corporation or company merged into any
Parent or the Borrower or merged or consolidated with any Restricted Subsidiary in accordance with Section 7.04 after the
Closing Date to the extent that such Investments were not made in contemplation of or in connection with such acquisition, merger
or consolidation and were in existence on the date of such acquisition, merger or consolidation;

 

(r)                
Guarantee Obligations of any Parent, the Borrower or any Restricted Subsidiary in respect of leases (other than Capitalized
Leases) or of other obligations that do not constitute Indebtedness, in each case entered into in the ordinary course of business;

 

(s)                
Investments to the extent that payment for such Investments is made solely with Qualified Equity Interests (other than any
Cure Amounts or Excluded Contribution Amount);

 

(t)               
other Investments in an aggregate amount, as valued at cost at the time each such Investment is made and including all related
commitments for future Investments, not exceeding (i) the greater of (x) $4080,000,000
and (y) 40% of Consolidated EBITDA of the Parents, the Borrower and the Restricted Subsidiaries for the most recently ended Test
Period calculated on a Pro Forma Basis, plus (ii) an amount equal to any returns of capital or sale proceeds actually received
in cash in respect of any such Investments (which amount shall not exceed the amount of such Investment valued at cost at the time
such Investment was made); provided that any such amounts under this clause (ii) shall not increase the Available
Amount, it being understood that any returns of capital or sale proceeds actually received in cash in respect of any such Investments
in excess of the amount of such Investment valued at cost at the time such Investment was made shall increase the Available Amount
(to the extent such excess amount of returns or proceeds would otherwise increase the Available Amount pursuant to the definition
thereof);

 

    -112-

     

    

 

(u)               
Investments in JV Entities and Unrestricted Subsidiaries in an aggregate amount, as valued at cost at the time each such
Investment is made and including all related commitments for future Investments, not exceeding (i) the greater of (x) $4080,000,000
and (y) 40% of Consolidated EBITDA of the Parents, the Borrower and the Restricted Subsidiaries for the most recently ended Test
Period calculated on a Pro Forma Basis, plus (ii) an amount equal to any returns of capital or sale proceeds actually received
in cash in respect of any such Investments (which amount shall not exceed the amount of such Investment valued at cost at the time
such Investment was made); provided that any such amounts under this clause (ii) shall not increase the Available
Amount, it being understood that any returns of capital or sale proceeds actually received in cash in respect of any such Investments
in excess of the amount of such Investment valued at cost at the time such Investment was made shall increase the Available Amount
(to the extent such excess amount of returns or proceeds would otherwise increase the Available Amount pursuant to the definition
thereof);

 

(v)               
Investments in connection with a Permitted Receivables Financing;

 

(w)               
contributions to a “rabbi” trust for the benefit of employees or other grantor trust subject to claims of creditors
in the case of a bankruptcy of the Borrower;

 

(x)               
Investments by an Unrestricted Subsidiary entered into prior to the day such Unrestricted Subsidiary is redesignated as
a Restricted Subsidiary pursuant to the definition of “Unrestricted Subsidiary”; provided that such Investments
were not incurred in contemplation of such redesignation;

 

(y)               
other Investments; provided that, at the time of such Investment, (i) no Default or Event of Default has occurred
and is continuing and (ii) the Total Leverage Ratio of the Parents, the Borrower and the Restricted Subsidiaries as of the end
of the most recently ended Test Period, on a Pro Forma Basis, would be no greater than 4.00:1.00;

 

(z)                
transactions entered into in order to consummate a Permitted Tax Restructuring;

 

(aa)              
[reserved]; and

 

(bb)             
loans and advances to the Distribution Asset Transferee in an aggregate principal amount at any time outstanding not to
exceed $1530,000,000.

 

Section
7.03                     Indebtedness.
Create, incur, assume or suffer to exist any Indebtedness, except:

 

(a)               
Indebtedness of any Parent, the Borrower and any of the Restricted Subsidiaries under the Loan Documents;

 

(b)               
(A) Indebtedness incurred (A)
pursuant to the ABL Facility in an aggregate principal amount not to exceed the sum of (i) the greater of $100,000,000 and the
Borrowing Base (as defined in the ABL Facility as in effect on the date hereofSecond
Amendment Effective Date) plus (ii) Incremental Loans (as defined in the ABL Facility as in effect on the date
hereofSecond Amendment Effective Date)
plus (iii) all accrued interest, fees, expenses and other non-principal ABL Obligations with respect thereto and (B) pursuant
to the Second Lien Facility in an aggregate principal amount not to exceed the sum of (i) $125,000,000 plus
(ii) Incremental Term Loans (as defined in the Second Lien Credit Agreement as in effect on the date hereof) and Permitted
Alternative Incremental Facilities Debt (as defined in the Second Lien Credit Agreement as in effect on the date hereof) plus
(iii) all accrued interest, fees, expenses and other non-principal Second Lien Obligations with respect thereto, and, in
each case, (C) together with any Permitted Refinancing of the Indebtedness described in clauses
(b)(A) and (b)(B) above;

 

    -113-

     

    

 

(c)               
(i) Surviving Indebtedness listed on Schedule 7.03(c) and (ii) any Permitted Refinancing of any of the foregoing;

 

(d)               
Guarantee Obligations of the Parents, the Borrower and the Restricted Subsidiaries in respect of Indebtedness of any Parent,
the Borrower or any Restricted Subsidiary otherwise permitted hereunder (except that Non-Loan Parties may not, by virtue of this
Section 7.03(d), guarantee Indebtedness that such Non-Loan Parties could not otherwise incur under this Section 7.03);
provided that, if the Indebtedness being guaranteed is subordinated to the Obligations, such Guarantee Obligation shall
be subordinated to the Guarantee of the Obligations on terms at least as favorable to the Lenders as those contained in the subordination
of such Indebtedness;

 

(e)               
Indebtedness of any Parent, the Borrower or any Restricted Subsidiary owing to any Parent, the Borrower or any Restricted
Subsidiary to the extent constituting an Investment permitted by Section 7.02; provided that all such Indebtedness
of any Loan Party owed to any Person that is not a Loan Party shall be subject to the subordination terms set forth in Section
3.01 of the Guaranty;

 

(f)                
(i) Attributable Indebtedness and other Indebtedness financing the acquisition, construction, repair, replacement or improvement
of fixed or capital assets (provided that such Indebtedness is incurred concurrently with or within two hundred seventy
(270) days after the applicable acquisition, construction, repair, replacement or improvement), (ii) Attributable Indebtedness
arising out of Permitted Sale Leasebacks in an aggregate principal amount not to exceed at any one time outstanding the greater
of (x) $3060,000,000
and (y) 30% of Consolidated EBITDA of the Parents, the Borrower and the Restricted Subsidiaries for the most recently ended Test
Period calculated on a Pro Forma Basis and (iii) any Permitted Refinancing of any Indebtedness set forth in the immediately preceding
clauses (i) and (ii); provided that the aggregate principal amount of Indebtedness (including without limitation
Attributable Indebtedness, but excluding Attributable Indebtedness incurred pursuant to clause (ii)) under this Section
7.03(f) does not exceed the greater of (x) $50100,000,000
and (y) 50% of Consolidated EBITDA of the Parents, the Borrower and the Restricted Subsidiaries for the most recently ended
Test Period calculated on a Pro Forma Basis;

 

(g)               
Indebtedness in respect of Swap Contracts (i) entered into to hedge or mitigate risks to which any Parent, Borrower or any
Subsidiary has actual or anticipated exposure (other than those in respect of shares of capital stock or other equity ownership
interests of any Parent, the Borrower or any Subsidiary), (ii) entered into in order to effectively cap, collar or exchange interest
rates (from fixed to floating rates, from one floating rate to another floating rate or otherwise) with respect to any interest-bearing
liability or investment of any Parent, the Borrower or any Subsidiary and (iii) entered into to hedge commodities, currencies,
general economic conditions, raw materials prices, revenue streams or business performance;

 

(h)               
[reserved];

 

(i)                
Indebtedness representing deferred compensation to employees of any Parent (or any direct or indirect parent of any Parent),
the Borrower and the Restricted Subsidiaries incurred in the ordinary course of business;

 

(j)                
Indebtedness to current or former officers, directors, partners, managers, consultants and employees, their respective estates,
spouses or former spouses to finance the purchase or redemption of Equity Interests of any Parent (or any direct or indirect parent
thereof) permitted by Section 7.06 in an aggregate amount not to exceed $1530,000,000
at any one time outstanding;

 

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(k)               
Indebtedness incurred by any Parent, the Borrower or any of the Restricted Subsidiaries in the Transactions, a Permitted
Acquisition, any other Investment expressly permitted hereunder or any Disposition, in each case to the extent constituting indemnification
obligations or obligations in respect of purchase price (including earn-outs) or other similar adjustments;

 

(l)                
Indebtedness consisting of obligations of any Parent, the Borrower or any of the Restricted Subsidiaries under deferred
compensation or other similar arrangements incurred by such Person in connection with the Transaction and Permitted Acquisitions
or any other Investment expressly permitted hereunder;

 

(m)              
Cash Management Obligations and other Indebtedness in respect of netting services, automatic clearinghouse arrangements,
overdraft protections and similar arrangements in each case incurred in the ordinary course;

 

(n)               
Indebtedness consisting of (a) the financing of insurance premiums or (b) take or pay obligations contained in supply arrangements,
in each case, in the ordinary course of business;

 

(o)               
Indebtedness incurred by any Parent, the Borrower or any of the Restricted Subsidiaries in respect of letters of credit,
bank guarantees, bankers’ acceptances, warehouse receipts or similar instruments issued or created in the ordinary course
of business, including in respect of workers compensation claims, health, disability or other employee benefits or property, casualty
or liability insurance or self-insurance or other Indebtedness with respect to reimbursement-type obligations regarding workers
compensation claims;

 

(p)               
obligations in respect of performance, bid, appeal and surety bonds and performance and completion guarantees and similar
obligations provided by any Parent, the Borrower or any of the Restricted Subsidiaries or obligations in respect of letters of
credit, bank guarantees or similar instruments related thereto, in each case in the ordinary course of business or consistent with
past practice;

 

(q)               
Indebtedness supported by a Letter of Credit (as defined in the ABL Credit Agreement) in a principal amount not to exceed
the face amount of such Letter of Credit (as defined in the ABL Credit Agreement);

 

    -115-

     

    

 

(r)                
(i) other Indebtedness of any Parent, the Borrower or any Restricted Subsidiary in an unlimited amount, so long as (A) if
such Indebtedness is secured by any Liens on the Collateral (other than Liens that are junior to the Liens securing the Obligations),
the First Lien Senior Secured Leverage Ratio (calculated on a Pro Forma Basis but excluding the cash proceeds therefrom) as of
the last day of the most recently ended Test Period is not greater than either
(x) 4.00:1.00 or (y) if such Indebtedness is incurred
to finance a Permitted Acquisition or any other similar Investment not prohibited hereunder, the First Lien Senior Secured Leverage
Ratio (calculated on a Pro Forma Basis but excluding the cash proceeds therefrom), immediately prior to the consummation of such
Permitted Acquisition or other similar Investment and the incurrence of such Indebtedness; provided, that if
such Indebtedness is incurred in the form of a term loan facilityQualifying
Term Loans, it shall be subject to the MFN Adjustment (if any, and other than to the
extent such Indebtedness constitutes a customary bridge facility, so long as the long-term Indebtedness into which such customary
bridge facility is to be converted or exchanged would not otherwise be subject to the MFN Adjustments),,
(B) if such Indebtedness is secured by a Lien on the Collateral that is junior to the Liens securing the Obligations,
the Senior Secured Leverage Ratio (calculated on a Pro Forma Basis but excluding the cash proceeds therefrom) as of the last day
of the most recently ended Test Period is not greater than either (x) 5.00:1.00 or (y) if such Indebtedness is incurred to finance
a Permitted Acquisition or any other similar Investment not prohibited hereunder, the Senior Secured Leverage Ratio
(calculated on a Pro Forma Basis but excluding the cash proceeds therefrom) as of the last day
of the most recently ended Test Period is not greater than 5.00:1.00),
immediately prior to the consummation of such Permitted Acquisition or other similar Investment and the incurrence of such Indebtedness
and (C) if such Indebtedness is unsecured or secured by assets that do not constitute Collateral, the Total Leverage Ratio (calculated
on a Pro Forma Basis but excluding the cash proceeds therefrom) as of the last day of the most recently ended Test Period is not
greater than either (x) 5.50:1.00 or (y) if such Indebtedness is incurred to finance a Permitted Acquisition or any other similar
Investment not prohibited hereunder, the Total Leverage Ratio (calculated on a Pro Forma Basis but excluding the cash proceeds
therefrom) immediately prior to the consummation of such Permitted Acquisition or other Investment and the incurrence of such Indebtedness
(provided that, with respect to all Indebtedness of this clause (r), (1) such Indebtedness shall not mature prior to the
date that is ninety one (91) days after the Maturity Date of the Initial Term Loans or have a Weighted Average Life to Maturity
less than the Weighted Average Life to Maturity of the Initial Term Loans plus ninety one (91) days, provided that the foregoing
requirements of this clause (1) shall not apply (x) to any Inside
Maturity Debt and (y) to the extent such Indebtedness constitutes a customary bridge facility, so long as the long-term
Indebtedness into which such customary bridge facility is to be converted or exchanged satisfies the requirements of this clause
(1), (2) such Indebtedness shall not have mandatory prepayment, redemption or offer to purchase events more onerous than those
applicable to the Initial Term Loans, provided that the foregoing requirements of this clause (2) shall not apply (x)
to any Inside Maturity Debt and (y) to the extent such Indebtedness constitutes a customary bridge facility, so long
as the long-term Indebtedness into which such customary bridge facility is to be converted or exchanged satisfies the requirements
of this clause (2), (3) the other terms and conditions of such Indebtedness (excluding pricing and optional prepayment or redemption
terms), if not consistent with the terms of the Initial Term Loans, shall not be materially more restrictive to the Loan Parties
when taken as a whole (as reasonably determined by the Borrower) than the terms of the Initial Term Loans (other than any terms
and conditions that (x) apply only to periods after the then Latest Maturity Date with respect to the Term Loans, (y) are otherwise
added for the benefit of the Term Lenders hereunder or (z) are otherwise reasonably satisfactory to the Administrative Agent) and
(4) the maximum aggregate principal amount of Indebtedness that may be incurred pursuant to this Section 7.03(r) by Non-Loan
Parties shall not exceed the greater of (x) $2540,000,000
and (y) 20% of Consolidated EBITDA of the Parents, the Borrower and the Restricted Subsidiaries for the most recently ended Test
Period at any one time outstanding); and (ii) any Permitted Refinancing of Indebtedness incurred under the foregoing clause
(r)(i);

 

(s)                
Indebtedness incurred by a Non-Loan Party, and guarantees thereof by Non-Loan Party, in an aggregate principal amount not
to exceed the greater of (x) $2540,000,000
and (y) 20% of Consolidated EBITDA of the Parents, the Borrower and the Restricted Subsidiaries for the most recently ended Test
Period at any one time outstanding;

 

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(t)            (i)
Indebtedness (in the form of senior secured, senior unsecured, senior subordinated, or subordinated notes or loans) incurred by
the Borrower to the extent that the Borrower shall have been permitted to incur such Indebtedness pursuant to, and such Indebtedness
shall be deemed to be incurred in reliance on, Section 2.14; provided that (A) subject to Section 1.09, upon the
effectiveness of such Indebtedness, no Default or Event of Default has occurred and is continuing or shall result therefrom (provided
that in the case of Indebtedness the proceeds of which are used to finance a Limited Condition Transaction, no Specified Event
of Default shall be continuing at the time such Limited Condition Transaction is consummated), (B) such Indebtedness shall not
mature earlier than the Maturity Date applicable to the Term Loans, provided that the foregoing requirements of this clause
(B) shall not apply (x)
to any Inside Maturity Debt and (y) to the extent such Indebtedness constitutes a customary bridge facility, so long
as the long-term Indebtedness into which such customary bridge facility is to be converted or exchanged satisfies the requirements
of this clause (B), (C) as of the date of the incurrence of such Indebtedness, the Weighted Average Life to Maturity of such Indebtedness
shall not be shorter than that of the Term Loans, provided that the foregoing requirements of this clause (C) shall not
apply (x)
to any Inside Maturity Debt and (y) to the extent such Indebtedness constitutes a customary bridge facility, so long
as the long-term Indebtedness into which such customary bridge facility is to be converted or exchanged satisfies the requirements
of this clause (C), (D) no Restricted Subsidiary is a borrower or guarantor with respect to such Indebtedness unless such Restricted
Subsidiary is a Subsidiary Guarantor which shall have previously or substantially concurrently guaranteed the Obligations, (E)
the other terms and conditions of such Indebtedness (excluding pricing and optional prepayment or redemption terms), if not consistent
with the terms of the Initial Term Loans, shall not be materially more restrictive to the Loan Parties when taken as a whole (as
reasonably determined by the Borrower) than the terms of the Initial Term Loans (other than any terms and conditions that (x)
apply only to periods after the then Latest Maturity Date with respect to the Term Loans, (y) are otherwise added for the benefit
of the Term Lenders hereunder or (z) are otherwise reasonably satisfactory to the Administrative Agent), (F) if such Indebtedness
is in the form of a term loan facilityQualifying
Term Loan of the Loan Parties and is secured by a Lien on the Collateral that is pari passu with the Lien securing
the Obligations, it shall be subject to the MFN Adjustment (if any) (other than to the extent
such Indebtedness constitutes a customary bridge facility, so long as the long-term Indebtedness into which such customary bridge
facility is to be converted or exchanged would not otherwise be subject to the MFN Adjustments), (G) if such Indebtedness
is to be incurred under the Incremental Incurrence Test, and such Indebtedness is secured by a Lien on the Collateral that is
junior to the Liens securing the Obligations, is unsecured or is secured by assets that do not constitute Collateral, then the
First Lien Senior Secured Leverage Ratio set forth in Section 2.14(a)(iii) shall be deemed replaced with (1) in the case
of any such junior lien Indebtedness, a Senior Secured Leverage Ratio (calculated on a Pro Forma Basis but excluding the cash
proceeds therefrom) as of the end of the most recent Test Period that does not exceed 5.00:1.00either
(x) 5.00:1.00 or (y) if such Indebtedness is incurred to finance a Permitted Acquisition or any other similar Investment not prohibited
hereunder, the Senior Secured Leverage Ratio (calculated on a Pro Forma Basis but excluding the cash proceeds therefrom), immediately
prior to the consummation of such Permitted Acquisition or other similar Investment and the incurrence of such Indebtedness
and (2) in the case of any such unsecured Indebtedness or Indebtedness secured by assets that do not constitute Collateral, the
Total Leverage Ratio (calculated on a Pro Forma Basis but excluding the cash proceeds therefrom) as of the last day of the most
recently ended Test Period that does not exceed 5.50:1.00either
(x) 5.50:1.00 or (y) if such Indebtedness is incurred to finance a Permitted Acquisition or any other similar Investment not prohibited
hereunder, the Total Leverage Ratio (calculated on a Pro Forma Basis but excluding the cash proceeds therefrom), immediately prior
to the consummation of such Permitted Acquisition or other similar Investment and the incurrence of such Indebtedness
(such Indebtedness incurred pursuant to this clause (t) being referred to as “Permitted Alternative Incremental
Facilities Debt”) and (ii) any Permitted Refinancing of Indebtedness incurred under the foregoing clause (t)(i);

 

(u)             additional Indebtedness in an aggregate principal amount not to exceed the greater of (x) $50100,000,000
and (y) 50% of Consolidated EBITDA of the Parents, the Borrower and the Restricted Subsidiaries for the most recently ended Test
Period at any one time outstanding and calculated on a Pro Forma Basis;

 

(v)             Indebtedness assumed in connection with a Permitted Acquisition or other Investment not prohibited hereunder and not created
in contemplation thereof, so long as either (A) such Indebtedness would have been permitted to have been incurred under Section
7.03(r) or (B) the aggregate principal amount of such Indebtedness does not exceed the greater of (x) $4080,000,000
and (y) 40% of Consolidated EBITDA of the Parents, the Borrower and the Restricted Subsidiaries for the most recently ended Test
Period at any time outstanding;

 

(w)           
(i) Indebtedness (in the form of senior secured, senior unsecured, senior subordinated, or subordinated notes or loans)
incurred by the Borrower to the extent that 100% of the Net Cash Proceeds therefrom are, immediately after the receipt thereof,
applied solely to the prepayment of Term Loans in accordance with Section 2.05(b)(iii); provided that (A) such Indebtedness
shall not mature earlier than the Maturity Date with respect to the relevant Term Loans being refinanced, provided
that the foregoing requirements of this clause (A) shall not apply to any Inside Maturity Debt, (B) as of the date of
the incurrence of such Indebtedness, the Weighted Average Life to Maturity of such Indebtedness shall not be shorter than that
of then-remaining Term Loans being refinanced, provided that the
foregoing requirements of this clause (B) shall not apply to any Inside Maturity Debt, (C) no Restricted Subsidiary
is a borrower or guarantor with respect to such Indebtedness unless such Restricted Subsidiary is a Subsidiary Guarantor which
shall have previously or substantially concurrently guaranteed the Obligations, (D) the other terms and conditions of such Indebtedness
(excluding pricing and optional prepayment or redemption terms), if not consistent with the terms of the Initial Term Loans, shall
not be materially more restrictive to the Loan Parties when taken as a whole (as reasonably determined by the Borrower) than the
terms of the Initial Term Loans (other than any terms and conditions that (x) apply only to periods after the then Latest Maturity
Date with respect to the Term Loans being refinanced, (y) are otherwise added for the benefit of the Term Lenders hereunder or
(z) are otherwise reasonably satisfactory to the Administrative Agent) and such Indebtedness shall not participate in mandatory
prepayments on a greater than pro rata basis with the Term Loans and (E) the Borrower has delivered to the Administrative Agent
a certificate of a Responsible Officer of the Borrower, together with all relevant financial information reasonably requested by
the Administrative Agent, including reasonably detailed calculations demonstrating compliance with clauses (A), (B),
(C) and (D) and (ii) any Permitted Refinancing of Indebtedness incurred under the foregoing clause (w)(i);

 

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(x)             Indebtedness with respect to any Permitted Receivables Financing;

 

(y)             Indebtedness in respect of Permitted Debt Exchange Notes incurred pursuant to a Permitted Debt Exchange in accordance with
Section 2.17 and any Permitted Refinancing thereof;

 

(z)             unsecured Contribution Indebtedness (and any Permitted Refinancing thereof);

 

(aa)           all premiums (if any), interest (including post-petition interest), fees, expenses, charges and additional or contingent
interest on obligations described in clauses (a) through (z) above.

 

For
purposes of determining compliance with this Section 7.03, in the event that an item of Indebtedness meets the criteria
of more than one of the categories of Indebtedness described in clauses (a) through (aa) above, the Borrower may,
in its sole discretion, classify and reclassify or later divide, classify or reclassify such item of Indebtedness (or any portion
thereof) and will only be required to include the amount and type of such Indebtedness in one or more of the above clauses; provided
that all Indebtedness outstanding under the Loan Documents will be deemed to have been incurred in reliance only on the exception
in clause (a) of this Section 7.03 and the ABL Facility and Second Lien Facility
and, in each case, any Permitted Refinancing thereof, will be deemed to have been incurred in reliance only on
the exception set forth in clause (b) of this Section 7.03.

 

The
accrual of interest, the accretion of accreted value and the payment of interest in the form of additional Indebtedness shall not
be deemed to be an incurrence of Indebtedness for purposes of this Section 7.03.

 

Section
7.04                     Fundamental
Changes. Merge, amalgamate, dissolve, liquidate,
consolidate with or into another Person, or Dispose of (whether in one transaction or in a series of transactions) all or substantially
all of its assets (whether now owned or hereafter acquired) to or in favor of any Person (including, in each case, pursuant to
a Division), except that:

 

(a)             any Restricted Subsidiary may merge or amalgamate with (i) the Borrower (provided that the resulting entity shall
succeed as a matter of law to all of the Obligations of the Borrower), (ii) any one or more Restricted Subsidiaries (provided
that when any Restricted Subsidiary that is a Loan Party is merging or amalgamating with another Restricted Subsidiary, a Loan
Party shall be a continuing or surviving Person, as applicable, or the resulting entity shall succeed as a matter of law to all
of the Obligations of such Loan Party (including, without limitation, as the Borrower)) and (iii) in order to consummate a Permitted
Tax Restructuring;

 

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(b)              (i) any Restricted Subsidiary that is not a Loan Party may merge, amalgamate or consolidate with or into any other Restricted
Subsidiary that is not a Loan Party, (ii) (A) any Restricted Subsidiary may liquidate, dissolve or wind up, or (B) any Restricted
Subsidiary may change its legal form, in each case, if the Borrower determines in good faith that such action is in the best interests
of the Parents, the Borrower and the other Subsidiaries and is not materially disadvantageous to the Lenders and (iii) the Borrower
may change its legal form if it determines in good faith that such action is in the best interests of the Parents, the Borrower
and the other Restricted Subsidiaries and the Administrative Agent reasonably determines it is not disadvantageous to the Lenders;

 

(c)              any Restricted Subsidiary may Dispose of all or substantially all of its assets (upon voluntary liquidation or otherwise)
to another Restricted Subsidiary; provided that if the transferor in such a transaction is a Loan Party, then either (i)
the transferee must be a Loan Party or (ii) to the extent constituting an Investment, such Investment must be a permitted Investment
in or Indebtedness of a Restricted Subsidiary that is not a Loan Party in accordance with Section 7.02 and Section 7.03,
respectively;

 

(d)              so long as no Event of Default exists or would result therefrom, the Borrower may merge or amalgamate with any other Person
(1) in a transaction in which the Borrower is the continuing or surviving entity of such transaction or (2) in a transaction in
which such other Person is the surviving or continuing entity of such transaction (such person, the “Successor Borrower”);
provided that, in the case of this clause (2), (i) such Successor Borrower is organized under the laws of the United States;
(ii) such Successor Borrower shall assume the Obligations of the Borrower under the Loan Documents; (iii) each Guarantor shall
have confirmed that its Guaranty shall apply to the Successor Borrower’s obligations under the Loan Documents; (iv) each
Guarantor shall have by a supplement to the Security Agreement and other applicable Collateral Documents confirmed that its obligations
thereunder shall apply to the Successor Borrower’s obligations under the Loan Documents; (v) the Borrower shall have delivered
information reasonably requested in writing by the Administrative Agent (or any Lender through the Administrative Agent) reasonably
required by regulatory authorities under “know your customer” and anti-money laundering rules and regulations, including
without limitation the USA PATRIOT Act of the type delivered on the Closing Date pursuant to Section 4.01(e) and (vi) the
Borrower shall have delivered an officer’s certificate certifying the compliance with the foregoing;

 

(e)              so long as no Default exists or would result therefrom, any Restricted Subsidiary may merge or amalgamate with any other
Person in order to effect an Investment permitted pursuant to Section 7.02; provided that the continuing or surviving
Person shall be a Restricted Subsidiary, which together with each of its Restricted Subsidiaries, shall have complied with the
requirements of Section 6.10;

 

(f)               [Reserved];

 

(g)              so long as no Default exists or would result therefrom, a merger, amalgamation, dissolution, winding up, liquidation, consolidation
or Disposition, the purpose of which is to effect a Disposition permitted pursuant to Section 7.05, may be effected; and

 

(h)              so long as no Event of Default exists or would result therefrom, any Parent (the “Subject Parent”) may
merge or amalgamate with, or transfer its Equity Interests to, any other Person (1) in a transaction in which the Subject Parent
is the continuing or surviving entity of such transaction or (2) in a transaction in which such other Person is the surviving or
continuing entity of such transaction or acquires, directly or indirectly, 100% of the Equity Interests of the Subject Parent (such
person, the “Successor Holdings”); provided that, in the case of this clause (2), (i) the Successor Holdings
is organized under the laws of the United States; (ii) the Successor Holdings shall assume the Obligations of the Subject Parent
under the Loan Documents; (iii) the Successor Holdings shall have become a party to the applicable Guaranty and all other applicable
Collateral Documents and the Collateral and Guarantee Requirement shall have been satisfied with respect to the Successor Holdings;
and (iv) the Borrower shall have delivered information reasonably requested in writing by the Administrative Agent (or any Lender
through the Administrative Agent) reasonably required by regulatory authorities under “know your customer” and anti-money
laundering rules and regulations, including without limitation the USA PATRIOT Act, of the type delivered in connection with the
Closing Date pursuant to Section 4.01(e).

 

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Section
7.05                     Dispositions.
Make any Disposition, except:

 

(a)               
Dispositions of obsolete, worn out or surplus property, whether now owned or hereafter acquired, in the ordinary course
of business and Dispositions of property no longer used or useful in the conduct of the business of the Parents, the Borrower and
the Restricted Subsidiaries;

 

(b)               
Dispositions of inventory and immaterial assets in the ordinary course of business (including allowing any registrations
or any applications for registration of any immaterial IP Rights to lapse or go abandoned in the ordinary course of business);

 

(c)               
Dispositions of property to the extent that (i) such property is exchanged for credit against the purchase price of similar
replacement property that is promptly purchased or (ii) the proceeds of such Disposition are promptly applied to the purchase
price of such replacement property (which replacement property is actually promptly purchased);

 

(d)               
Dispositions of property to a Parent, the Borrower or a Restricted Subsidiary; provided that if the transferor of
such property is a Loan Party (i) the transferee thereof must be a Loan Party, (ii) to the extent such transaction constitutes
an Investment, such transaction is permitted under Section 7.02, or (iii) such Disposition shall consist of the transfer
of Equity Interests in or Indebtedness of any Foreign Subsidiary to any other Foreign Subsidiary;

 

(e)               
Dispositions permitted by Section 7.02, Section 7.04 and Section 7.06 and Liens permitted by Section
7.01;

 

(f)                
Dispositions in the ordinary course of business of Cash Equivalents;

 

(g)               
leases, subleases, licenses or sublicenses, in each case in the ordinary course of business and which do not materially
interfere with the business of the Parents, the Borrower and the Restricted Subsidiaries, taken as a whole;

 

(h)               
transfers of property subject to Casualty Events;

 

(i)                
Dispositions of Investments in JV Entities or non-Wholly Owned Restricted Subsidiaries to the extent required by, or made
pursuant to, customary buy/sell arrangements between the parties to such JV Entity or shareholders of such non-Wholly Owned Restricted
Subsidiary set forth in the shareholders agreements, joint venture agreements, organizational documents or similar binding agreements
relating to such JV Entity or non-Wholly Owned Restricted Subsidiary;

 

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(j)                
Dispositions of accounts receivable in the ordinary course of business in connection with the collection or compromise thereof
or pursuant to factoring arrangements, in each case to the extent not constituting a receivables financing;

 

(k)               
the unwinding of any Swap Contract pursuant to its terms;

 

(l)                
Permitted Sale Leasebacks;

 

(m)             
Dispositions not otherwise permitted pursuant to this Section 7.05; provided that (i) such Disposition shall
be for fair market value as reasonably determined by the Borrower in good faith, (ii) the Borrower or the applicable Parent or
Restricted Subsidiary shall receive not less than 75% of such consideration in the form of cash or Cash Equivalents (provided,
however, that for the purposes of this clause (m)(ii), the following shall be deemed to be cash: (A) the assumption
by the transferee of Indebtedness or other liabilities contingent or otherwise of any Parent, the Borrower or any of the Restricted
Subsidiaries (other than Subordinated Debt) and the valid release of such Parent, the Borrower or such Restricted Subsidiary, by
all applicable creditors in writing, from all liability on such Indebtedness or other liability in connection with such Disposition,
(B) securities, notes or other obligations received by any Parent, the Borrower or any of the Restricted Subsidiaries from the
transferee that are converted by any Parent, the Borrower or any of the Restricted Subsidiaries into cash or Cash Equivalents within
180 days following the closing of such Disposition, (C) Indebtedness (other than Subordinated Debt) of any Restricted Subsidiary
that is no longer a Restricted Subsidiary as a result of such Disposition, to the extent that each Parent, the Borrower and each
Restricted Subsidiary are released from any Guarantee of payment of such Indebtedness in connection with such Disposition and (D)
the aggregate Designated Non-Cash Consideration received by the Parents, the Borrower and the Restricted Subsidiaries for all Dispositions
under this clause (m) having an aggregate fair market value (determined as of the closing of the applicable Disposition
for which such Designated Non-Cash Consideration is received) not to exceed the greater of (x) $3050,000,000
and (y) 25% of Consolidated EBITDA of the Parents, the Borrower and the Restricted Subsidiaries for the most recently ended
Test Period at any time outstanding (net of any Designated Non-Cash Consideration converted into cash and Cash Equivalents received
in respect of any such Designated Non-Cash Consideration and calculated on a Pro Forma Basis) and (iii) the Borrower or the
applicable Parent or Restricted Subsidiary complies with the applicable provisions of Section 2.05;

 

(n)               
the Parents, the Borrower and the Restricted Subsidiaries may surrender or waive contractual rights and settle or waive
contractual or litigation claims in the ordinary course of business;

 

(o)               
Dispositions of non-core or obsolete assets acquired in connection with a Permitted Acquisition;

 

(p)               
any swap of assets in exchange for services or other assets in the ordinary course of business of comparable or greater
fair market value of usefulness to the business of the Parents, the Borrower and the Restricted Subsidiaries as a whole, as determined
in good faith by the Borrower;

 

(q)               
any sale of Equity Interests in, or Indebtedness or other securities of, an Unrestricted Subsidiary;

 

(r)                
Specified Dispositions and Dispositions consummated in connection with a Permitted Tax Restructuring;

 

(s)                
Dispositions for Cash Equivalents (other than in connection with the capitalization of any special purpose entity used to
effect any such Permitted Receivables Financing) of accounts receivable in connection with any Permitted Receivables Financing;
and

 

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(t)              any Permitted Distribution Business Dispositions.

 

To
the extent any Collateral is Disposed of as expressly permitted by this Section 7.05 to any Person other than the
Borrower or any Guarantor, such Collateral shall be sold free and clear of the Liens created by the Loan Documents and, if requested
by the Administrative Agent, upon the certification by the Borrower that such Disposition is permitted by this Agreement, the Administrative
Agent or the Collateral Agent, as applicable, shall be authorized to take and shall take any actions deemed appropriate in order
to effect the foregoing.

 

Section
7.06                     Restricted
Payments. Declare or make, directly or indirectly,
any Restricted Payment, except:

 

(a)             the Borrower and each Restricted Subsidiary may make Restricted Payments to the Parents, the Borrower and to Restricted
Subsidiaries (and, in the case of a Restricted Payment by a non-Wholly Owned Restricted Subsidiary, to each owner of Equity Interests
of such Restricted Subsidiary based on their relative ownership interests of the relevant class of Equity Interests);

 

(b)             (i) the Parents may (or may make Restricted Payments to permit any direct or indirect parent thereof to) redeem in whole
or in part any of its Equity Interests for another class of its (or such parent’s) Equity Interests or rights to acquire
its Equity Interests or with proceeds from substantially concurrent equity contributions or issuances of new Equity Interests,
provided that any terms and provisions material to the interests of the Lenders, when taken as a whole, contained in such
other class of Equity Interests are at least as advantageous to the Lenders as those contained in the Equity Interests redeemed
thereby and (ii) the Parents may declare and make dividend payments or other distributions payable solely in Qualified Equity Interests
(to the extent not utilized in connection with any other transactions permitted pursuant to Section 7.02, Section 7.03,
Section 7.06 or Section 7.08 (or to build the Available Amount or Excluded Contribution Amount));

 

(c)             Restricted Payments made on or after the Closing Date for fees and expenses in connection with the Transactions;

 

(d)             to the extent constituting Restricted Payments, the Parents, the Borrower and the Restricted Subsidiaries may enter into
and consummate transactions expressly permitted by any provision of Section 7.02, Section 7.04 or Section 7.07;

 

(e)             repurchases of Equity Interests in the ordinary course of business in the Parents (or any direct or indirect parent thereof),
the Borrower or any Restricted Subsidiary deemed to occur upon exercise of stock options or warrants if such Equity Interests represent
a portion of the exercise price of such options or warrants;

 

(f)              any Parent, the Borrower or any Restricted Subsidiary may, in good faith, pay (or make Restricted Payments to allow any
direct or indirect parent thereof to pay) for the repurchase, retirement or other acquisition or retirement for value of Equity
Interests of it or any direct or indirect parent thereof held by any future, present or former employee, director, manager, officer
or consultant (or any Affiliates, spouses, former spouses, other immediate family members, successors, executors, administrators,
heirs, legatees or distributees of any of the foregoing) of any Parent (or any direct or indirect parent of such Parent) or any
of its Subsidiaries pursuant to any employee, management, director or manager equity plan, employee, management, director or manager
stock option plan or any other employee, management, director or manager benefit plan or any agreement (including any stock subscription
or shareholder agreement) with any employee, director, manager, officer or consultant of any Parent (or any direct or indirect
parent thereof), the Borrower or any Subsidiary; provided that such payments do not to exceed $12,50025,000,000
in any calendar year, provided that any unused portion of the preceding basket for any calendar year may be carried forward
to succeeding calendar years, so long as the aggregate amount of all Restricted Payments made pursuant to this Section 7.06(f)
in any calendar year (after giving effect to such carry forward) shall not exceed $2550,000,000;
provided, further, that cancellation of Indebtedness owing to any Parent (or any direct or indirect parent thereof)
or any of its Subsidiaries from members of management of such Parent, any of such Parent’s direct or indirect parent companies
or any of the Borrower or any Restricted Subsidiary in connection with a repurchase of Equity Interests of any of such Parent’s
direct or indirect parent companies will not be deemed to constitute a Restricted Payment for purposes of this covenant or any
other provision of this Agreement;

 

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(g)             each Parent, the Borrower and the Restricted Subsidiaries may make Restricted Payments to any direct or indirect holder
of an Equity Interest in the Borrower or such Parent:

 

(i)              the proceeds of which will be used to make Permitted Tax Distributions;

 

(ii)             the proceeds of which shall be used to pay such equity holder’s operating costs and expenses incurred in the ordinary
course of business, other overhead costs and expenses and fees (including (v) administrative, legal, accounting and similar expenses
provided by third parties, (w) trustee, directors, managers and general partner fees, (x) any judgments, settlements, penalties,
fines or other costs and expenses in respect of any claim, litigation or proceeding, (y) fees and expenses (including any underwriters
discounts and commissions) related to any investment or acquisition transaction (whether or not successful) and (z) payments in
respect of indebtedness and equity securities of any direct or indirect holder of Equity Interests in such Parent to the extent
the proceeds are used or will be used to pay expenses or other obligations described in this Section 7.06(g)) which are
reasonable and customary and incurred in the ordinary course of business and attributable to the ownership or operations of such
Parent and its Subsidiaries (including any reasonable and customary indemnification claims made by directors, managers or officers
of any direct or indirect parent of such Parent attributable to the direct or indirect ownership or operations of such Parent and
its Subsidiaries) and fees and expenses otherwise due and payable by any Parent, the Borrower or any Restricted Subsidiary and
permitted to be paid by such Parents, the Borrower and such Restricted Subsidiaries under this Agreement not to exceed $1020,000,000
in any fiscal year;

 

(iii)            the proceeds of which shall be used to pay franchise and excise taxes, and other fees and expenses, required to maintain
its (or any of its direct or indirect parents’) existence (including any costs or expenses associated with being a public
company listed on a national securities exchange);

 

(iv)            to finance any Investment permitted to be made pursuant to Section 7.02; provided that (A) such Restricted
Payment shall be made substantially concurrently with the closing of such Investment and (B) such parent shall, immediately following
the closing thereof, cause (1) all property acquired (whether assets or Equity Interests) to be held by or contributed to a Parent,
the Borrower or a Restricted Subsidiary or (2) the merger (to the extent permitted in Section 7.04) of the Person formed
or acquired into a Parent, the Borrower or a Restricted Subsidiary in order to consummate such Permitted Acquisition, in each case,
in accordance with the requirements of Section 6.10; provided that in the case of a Restricted Payment made by a
Loan Party, such property shall not build the Available Amount;

 

(v)             the proceeds of which shall be used to pay customary costs, fees and expenses (other than to Affiliates) related to any
unsuccessful equity or debt offering permitted by this Agreement or related to a Qualifying IPO; and

 

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(vi)            the proceeds of which shall be used to pay customary salary, bonus and other benefits payable to officers and employees
of any direct or indirect parent company or partner of any Parent to the extent such salaries, bonuses and other benefits are attributable
to the ownership or operation of the Parents, the Borrower and the Restricted Subsidiaries;

 

(h)             any Parent, the Borrower or any Restricted Subsidiary may pay any dividend or distribution within 60 days after the date
of declaration thereof, if at the date of declaration such payment would have complied with the provisions of this Agreement (it
being understood that a distribution pursuant to this Section 7.06(h) shall be deemed to have utilized capacity under such
other provision of this Agreement);

 

(i)              any Parent, the Borrower or any Restricted Subsidiary may (a) pay cash in lieu of fractional Equity Interests in connection
with any dividend, split or combination thereof or any Permitted Acquisition and (b) honor any conversion request by a holder of
convertible Indebtedness and make cash payments in lieu of fractional shares in connection with any such conversion and may make
payments on convertible Indebtedness in accordance with its terms;

 

(j)              any Parent, the Borrower or any Restricted Subsidiary may make additional Restricted Payments in an amount not to exceed
the greater of (x) $2540,000,000
and (y) 20% of Consolidated EBITDA of the Parents, the Borrower and the Restricted Subsidiaries for the most recently ended Test
Period calculated on a Pro Forma Basis;

 

(k)             any Parent, the Borrower or any Restricted Subsidiary may make additional Restricted Payments in an amount not to exceed
(i) the Available Amount (provided that at the time of any such Restricted Payment (x)
in reliance on clause (b) of the definition of “Available Amount”, no Specified
Event of Default shall have occurred and be continuing or would result therefrom and
(y) the Total Leverage Ratio of the Parents, the Borrower and the Restricted Subsidiaries as of the end of the most recently ended
Test Period, on a Pro Forma Basis, would be no greater than 5.00:1.00) and/or (ii) the Excluded Contribution Amount;

 

(l)              after a Qualifying IPO, (i) any Restricted Payment the proceeds of which will be used to pay listing fees and other costs
and expenses attributable to being a publicly traded company which are reasonable and customary, including Public Company Costs
and,
(ii) Restricted Payments not to exceed up to 6.00% per annum of the Net Cash Proceeds received by (or contributed to) the Parents,
the Borrower and the Restricted Subsidiaries from such Qualifying IPO; and
(iii) the declaration and payment by the Borrower and the Restricted Subsidiaries of dividends on the common stock or common equity
interests of the Borrower or its direct or indirect parent, in an amount not to exceed 5.00% of the Market Capitalization of the
Borrower or such direct or indirect parent (in the case of a direct or indirect parent, to the extent attributable to the Borrower
and its Restricted Subsidiaries, as reasonably determined by the Borrower in good faith);

 

(m)            [reserved];

 

(n)             [reserved];

 

(o)             the Permitted Distribution Business Disposition;

 

(p)             Restricted Payments in an amount not to exceed $1230,000,000
annually;

 

(q)             any Parent, the Borrower or any Restricted Subsidiary may make additional Restricted Payments; provided that, at
the time of such Restricted Payment, (i) no Default or Event of Default has occurred and is continuing and (ii) the Total Leverage
Ratio of the Parents, the Borrower and the Restricted Subsidiaries as of the end of the most recently ended Test Period, on a Pro
Forma Basis, would be no greater than 3.50:1.00; and

 

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(r)             the Closing Date Restricted Payment.

 

Section
7.07                     Transactions
with Affiliates. Enter into any transaction of any
kind with any Affiliate of any Parent with a fair market value in excess of $1015,000,000,
whether or not in the ordinary course of business, other than:

 

(a)            transactions between or among any Parent, the Borrower or any Restricted Subsidiary or any entity that becomes a Restricted
Subsidiary as a result of such transaction;

 

(b)            transactions on terms not less favorable to such Parent, the Borrower or such Restricted Subsidiary as would be obtainable
by such Parent, the Borrower or such Restricted Subsidiary at the time in a comparable arm’s-length transaction with a Person
other than an Affiliate;

 

(c)            the Transaction and the payment of fees and expenses related to the Transaction;

 

(d)            the issuance of Equity Interests to any officer, director, manager, employee or consultant of any Parent or any of its Subsidiaries
or any direct or indirect parent of such Parent in connection with the Transaction;

 

(e)            equity issuances, repurchases, redemptions, retirements or other acquisitions or retirements of Equity Interests by any
Parent, the Borrower or any Restricted Subsidiary permitted under Section 7.06;

 

(f)             loans and other transactions by and among the Parents and/or one or more Subsidiaries to the extent permitted under this
Article VII;

 

(g)            employment and severance arrangements between the Parents or any of their respective Subsidiaries and their respective officers
and employees in the ordinary course of business and transactions pursuant to stock option plans and employee benefit plans and
arrangements;

 

(h)            to the extent permitted by Sections 7.06(g)(i) and (iii), payments by any Parent (and any direct or indirect
parent thereof), the Borrower and the Restricted Subsidiaries pursuant to any tax sharing agreements among such Parent (and any
such direct or indirect parent thereof), the Borrower and the Restricted Subsidiaries on customary terms to the extent attributable
to the ownership or operation of the Parents, the Borrower and the Restricted Subsidiaries;

 

(i)             the payment of customary fees and reasonable out-of-pocket costs to, and indemnities provided on behalf of, directors, managers,
officers, employees and consultants of the Parents, the Borrower and the Restricted Subsidiaries or any direct or indirect parent
of any Parent in the ordinary course of business to the extent attributable to the ownership or operation of the Parents, the Borrower
and the Restricted Subsidiaries;

 

(j)             transactions pursuant to agreements in existence on the Closing Date and set forth on Schedule 7.07 or any amendment
thereto to the extent such an amendment is not adverse to the Lenders in any material respect;

 

(k)            dividends and other distributions permitted under Section 7.06;

 

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(l)             the payment of board, management, advisory, consulting, refinancing, subsequent transaction and exit fees (including termination
fees) and related indemnities and reasonable expenses to any Permitted Holder (or, in the case of board fees, to any director)
in an aggregate amount in any fiscal year not to exceed $510,000,000;
provided that, upon the occurrence and during the continuance of an Event of Default such amounts may accrue, but not be payable
in cash during such period, but all such accrued amounts (plus accrued interest, if any, with respect thereto) may be payable in
cash upon the cure or waiver of such Event of Default;

 

(m)           transactions entered into by an Unrestricted Subsidiary with an Affiliate prior to the redesignation of any such Unrestricted
Subsidiary as a Restricted Subsidiary pursuant to the definition of “Unrestricted Subsidiary”; provided that
such transactions were not entered into in contemplation of such redesignation;

 

(n)            Dispositions for Cash Equivalents (other than in connection with the capitalization of any special purpose entity used to
effect any such Permitted Receivables Financing) of accounts receivable in connection with any Permitted Receivables Financing;

 

(o)            transactions in connection with Permitted Tax Restructurings; and

 

(p)            the Permitted Distribution Business Disposition.

 

Section
7.08                     Prepayments,
Etc., of Indebtedness.

 

(a)            Prepay, redeem, purchase, defease or otherwise satisfy prior to the scheduled maturity thereof in any manner any Junior
DebtSubordinated Debt in an amount that is in excess
of $50,000,000 (it being understood that payments of regularly scheduled interest, AHYDO payments and mandatory prepayments
under any such Junior Debt Documents shall not be prohibited by this clause) except for (i) the refinancing thereof with the Net
Cash Proceeds of any such Indebtedness (to the extent such Indebtedness constitutes a Permitted Refinancing), (ii) the conversion
thereof to Equity Interests (other than Disqualified Equity Interests) of the Borrower or any of its direct or indirect parents
(or any Intermediate Holding Company), (iii) prepayments, redemptions, purchases, defeasances and other payments thereof prior
to their scheduled maturity in an aggregate amount not to exceed (A) the greater of (x) $2540,000,000
and (y) 20% of Consolidated EBITDA of the Parents, the Borrower and the Restricted Subsidiaries for the most recently ended Test
Period calculated on a Pro Forma Basis, plus (B) the Available Amount, (provided that at the time of any such prepayment,
redemption, purchase, defeasance or other payment (x) in reliance on clause (b)
of the definition of “Available Amount” no Specified
Event of Default shall have occurred and be continuing or would result therefrom and
(y) the Total Leverage Ratio of the Parents, the Borrower and the Restricted Subsidiaries as of the end of the most recently ended
Test Period, on a Pro Forma Basis, would be no greater than 5.00:1.00), plus (C) the Excluded Contribution
Amount, and (iv) other prepayments, redemptions, purchases, defeasances and other payments thereof prior to their scheduled maturity
(provided that, at the time of such prepayments, redemptions, purchases, defeasances or other payments, (x) no Default or
Event of Default has occurred and is continuing and (y) the Total Leverage Ratio of the Parents, the Borrower and the Restricted
Subsidiaries as of the end of the most recently ended Test Period, on a Pro Forma Basis, would be no greater than 3.50:1.00).

 

(b)            Amend, modify or change in any manner materially adverse to the interests of the Lenders any term or condition of any Junior
Debt Documents without the consent of the Required Lenders (not to be unreasonably withheld or delayed).

 

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Section
7.09                     [Reserved].

 

Section
7.10                     Negative
Pledge and Subsidiary Distributions. Enter into any
agreement, instrument, deed or lease which prohibits or limits (i) the ability of any Loan Party to create, incur, assume or suffer
to exist any Lien upon any of their respective properties or revenues, whether now owned or hereafter acquired, for the benefit
of the Secured Parties with respect to the Obligations or under the Loan Documents (ii) the ability of any Restricted Subsidiary
to pay dividends or other distributions with respect to any of its Equity Interests; provided that the foregoing shall not
apply to:

 

(a)              
restrictions and conditions imposed by (A) law, (B) any Loan Document, (C) the Second Lien
Facility[reserved] or (D) the ABL Facility;

 

(b)              
restrictions and conditions existing on the Closing Date or to any extension, renewal, amendment, modification or replacement
thereof, except to the extent any such amendment, modification or replacement expands the scope of any such restriction or condition;

 

(c)              
customary restrictions and conditions arising in connection with any Disposition permitted by Section 7.05;

 

(d)              
customary provisions in leases, licenses and other contracts restricting the assignment thereof;

 

(e)                restrictions imposed by any agreement relating to secured Indebtedness permitted by this Agreement to the extent such restriction
applies only to the property securing such Indebtedness;

 

(f)               
any restrictions or conditions set forth in any agreement in effect at any time any Person becomes a Restricted Subsidiary
(but not any modification or amendment expanding the scope of any such restriction or condition), provided that such agreement
was not entered into in contemplation of such Person becoming a Restricted Subsidiary and the restriction or condition set forth
in such agreement does not apply to any Parent, the Borrower or any Restricted Subsidiary;

 

(g)              
any restrictions or conditions in any Indebtedness permitted pursuant to Section 7.03 or by the definition of “Refinancing
Term Loans” to the extent such restrictions or conditions are no more restrictive than the restrictions and conditions in
the Loan Documents or, in the case of Subordinated Debt, are market terms at the time of issuance or, in the case of Indebtedness
of any Non-Loan Party, are imposed solely on such Non-Loan Party and its Subsidiaries, provided that any such restrictions
or conditions permit compliance with the Collateral and Guarantee Requirement and Section 6.10;

 

(h)              
any restrictions on cash or other deposits imposed by agreements entered into in the ordinary course of business;

 

(i)              
customary provisions in shareholders agreements, joint venture agreements, organizational documents or similar binding agreements
relating to any JV Entity or non-Wholly Owned Restricted Subsidiary and other similar agreements applicable to JV Entities and
non-Wholly Owned Restricted Subsidiaries permitted under Section 7.02 and applicable solely to such JV Entity or non-Wholly
Owned Restricted Subsidiary and the Equity Interests issued thereby;

 

(j)               
customary restrictions in leases, subleases, licenses or asset sale agreements and other similar contracts otherwise permitted
hereby so long as such restrictions relate only to the assets subject thereto;

 

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(k)               
customary provisions restricting assignment of any agreement entered into in the ordinary course of business;

 

(l)               
customary net worth provisions contained in real property leases entered into by Subsidiaries of any Parent (other than
the Borrower), so long as the Borrower has determined in good faith that such net worth provisions could not reasonably be expected
to impair the ability of any Parent, the Borrower and the other Subsidiaries of any Parent to meet their ongoing obligation; and

 

(m)              
restrictions imposed by any agreement governing Indebtedness entered into on or after the Closing Date and permitted under
Section 7.03 that are, taken as a whole, in the good faith judgment of the Borrower, no more restrictive with respect to
any Parent, the Borrower or any Restricted Subsidiary than customary market terms for Indebtedness of such type, so long as the
Borrower shall have determined in good faith that such restrictions will not adversely affect in any material respect its obligation
or ability to make any payments required hereunder.

 

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Section
7.11                     Change
of Fiscal Year. The fiscal year of the Parents for
financial reporting purposes to end on a day other than the closest Sunday following last day of December; provided, that
Borrower may, upon written notice to the Administrative Agent, change such fiscal year to any other fiscal year reasonably acceptable
to the Administrative Agent, in which case, the Borrower and the Administrative Agent will, and are hereby authorized by the Lenders
to, make any adjustments to this Agreement and to the covenants contained herein that are reasonably necessary in order to reflect
such change.

 

Section
7.12                     Material
Real Property. Create, incur, assume or suffer to
exist any Lien upon any Material Real Property, whether now owned or hereafter acquired, other than (i) easements, rights-of-way,
restrictions, covenants, conditions, encroachments, protrusions and other similar encumbrances and minor title defects affecting
real property which, in the aggregate, do not in any case materially interfere with the ordinary conduct of the business of any
Parent, the Borrower or any Restricted Subsidiary; (ii) any zoning or similar law or right reserved to or vested in any Governmental
Authority to control or regulate the use of any real property that does not materially interfere with the ordinary conduct of the
business of any Parent, the Borrower or any Restricted Subsidiary; (iii) ground leases in respect of real property on which facilities
owned or leased by any Parent, the Borrower or any Restricted Subsidiary are located and (iv) Liens pursuant to any Loan Document
and any Liens incurred pursuant to Section 7.01(ff).

 

Section
7.13                     Inventure
Account. Withdraw, transfer or direct the
withdrawal or transfer of cash or Cash Equivalents on deposit in the Inventure Account, other than to (i) fund, together with cash
on hand of the Parent, the Borrower and the Restricted Subsidiaries, the Inventure Acquisition and finance fees and expenses incurred
in connection with the Inventure Acquisition, or (ii) prepay the loans under the Second Lien Credit Agreement pursuant to Section
2.05(b)(vi) of the Second Lien Credit Agreement.

 

Section
7.14                     [Reserved].

 

ARTICLE
VIII

 

Events of Default and Remedies

 

Section
8.01                    Events
of Default. Any of the following events referred
to in any of clauses (a) through (j) inclusive of this Section 8.01 shall constitute an “Event
of Default”:

 

(a)               
Non-Payment. Any Loan Party fails to pay (i) when and as required to be paid herein, any amount of principal of any
Loan or (ii) within five (5) Business Days after the same becomes due, any interest on any Loan or any other amount payable hereunder
or with respect to any other Loan Document; or

 

(b)              
Specific Covenants. Any Loan Party fails to perform or observe any term, covenant or agreement contained in any of
Section 6.03(a) or Section 6.04 (solely with respect to any Parent and the Borrower), Section 6.11, Section
6.13 or Article VII; or

 

(c)               
Other Defaults. Any Loan Party fails to perform or observe any other covenant or agreement (not specified in Section
8.01(a) or (b) above) contained in any Loan Document on its part to be performed or observed and such failure continues
for thirty (30) days after receipt by the Borrower of written notice thereof by the Administrative Agent or the Required Lenders;
or

 

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(d)               
Representations and Warranties. Any representation, warranty, certification or statement of fact made or deemed made
by or on behalf of any Loan Party herein, in any other Loan Document, or in any document required to be delivered in connection
herewith or therewith shall be incorrect or misleading in any material respect when made or deemed made and such incorrect or misleading
representation, warranty, certification or statement of fact, if capable of being cured, remains so incorrect or misleading for
thirty (30) days after receipt by the Borrower of written notice thereof by the Administrative Agent or the Required Lenders; or

 

(e)               
Cross-Default. Any Parent, the Borrower or any Restricted Subsidiary (A) fails to make any payment beyond the applicable
grace period with respect thereto, if any (whether by scheduled maturity, required prepayment, acceleration, demand, or otherwise)
in respect of any Indebtedness (other than Indebtedness hereunder) having an aggregate principal amount exceeding the Threshold
Amount, or (B) fails to observe or perform any other agreement or condition relating to any such Indebtedness, or any other event
occurs (other than (i) with respect to Indebtedness consisting of Swap Contracts, termination events or equivalent events pursuant
to the terms of such Swap Contracts and (ii) any event requiring prepayment pursuant to customary asset sale events, insurance
and condemnation proceeds events, change of control offers events and excess cash flow and indebtedness sweeps), the effect of
which default or other event is to cause, or to permit the holder or holders of such Indebtedness (or a trustee or agent on behalf
of such holder or holders or beneficiary or beneficiaries) to cause, with the giving of notice if required, all such Indebtedness
to become due or to be repurchased, prepaid, defeased or redeemed (automatically or otherwise), or an offer to repurchase, prepay,
defease or redeem all such Indebtedness to be made, prior to its stated maturity; provided that (x) this clause (e)(B)
shall not apply to secured Indebtedness that becomes due (or requires an offer to purchase) as a result of the voluntary sale or
transfer of the property or assets securing such Indebtedness, if such sale or transfer is permitted hereunder and under the documents
providing for such Indebtedness and (y) an “Event of Default” under the ABL Credit Agreement shall not constitute an
Event of Default hereunder unless the ABL Lenders have actually declared all ABL Obligations to be immediately due and payable
in accordance with the terms of the ABL Credit Agreement and such declaration has not been rescinded by the ABL Lenders on or before
such date; provided, further, that such failure or breach is unremedied and is not waived by the required holders
of such Indebtedness; or

 

(f)                
Insolvency Proceedings, Etc. Except with respect to any dissolution or liquidation of a Restricted Subsidiary expressly
permitted by Section 7.04 in connection with the consummation of a Permitted Tax Restructuring, any Parent, the Borrower
or any of the Restricted Subsidiaries institutes or consents to the institution of any proceeding under any Debtor Relief Law,
or makes an assignment for the benefit of creditors; or applies for or consents to the appointment of any receiver, interim receiver,
receiver and manager, trustee, custodian, conservator, liquidator, rehabilitator, administrator, administrative receiver or similar
officer for it or for all or any material part of its property; or any receiver, interim receiver, receiver and manager, trustee,
custodian, conservator, liquidator, rehabilitator, administrator, administrative receiver or similar officer is appointed without
the application or consent of such Person and the appointment continues undischarged or unstayed for sixty (60) calendar days;
or any proceeding under any Debtor Relief Law relating to any such Person or to all or any material part of its property is instituted
without the consent of such Person and continues undismissed or unstayed for sixty (60) calendar days; or an order for relief is
entered in any such proceeding; or

 

(g)               
Inability to Pay Debts; Attachment. (i) Any Parent, the Borrower or any Restricted Subsidiary becomes unable or admits
in writing its inability or fails generally to pay its debts as they become due, or (ii) any writ or warrant of attachment or execution
or similar process is issued or levied against all or any material part of the property of any Parent, the Borrower or any Restricted
Subsidiary, taken as a whole, and is not released, vacated or fully bonded within sixty (60) days after its issue or levy; or

 

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(h)              
Judgments. There is entered against any Parent, the Borrower or any Restricted Subsidiary a final judgment or order
for the payment of money in an aggregate amount exceeding the Threshold Amount (to the extent not covered by independent third-party
insurance) and such judgment or order shall not have been satisfied, vacated, discharged or stayed or bonded pending an appeal
for a period of sixty (60) consecutive days; or

 

(i)                
Invalidity of Collateral Documents. Any material provision of any Collateral Document, at any time after its execution
and delivery and for any reason other than as expressly permitted hereunder or thereunder (including as a result of a transaction
permitted under Section 7.04 or Section 7.05) or solely as a result of acts or omissions by the Administrative Agent
or any Lender or the satisfaction in full of all the Obligations, ceases to be in full force and effect or ceases to create a valid
and perfected lien, with the priority set forth in the Applicable Intercreditor Agreement on a material portion of the Collateral
covered thereby; or any Loan Party contests in writing the validity or enforceability of any material provision of any Collateral
Document; or any Loan Party denies in writing that it has any or further liability or obligation under any Collateral Document
(other than as a result of repayment in full of the Obligations and termination of the Aggregate Commitments), or purports in writing
to revoke or rescind any Collateral Document; or

 

(j)                 Invalidity of Guarantees. Any Guarantee, after its execution and delivery, provided by any Parent, any Intermediate
Holding Company or any other Guarantor that is a Material Subsidiary, or any material provision thereof, ceases to be in full force
and effect (other than pursuant to the terms hereof or thereof) or any Loan Party denies or disaffirms in writing any such Guarantor’s
material obligations under its Guarantee (other than as a result of repayment in full of the Obligations and terminations of the
Term Commitments); or

 

(k)               
Change of Control. There occurs any Change of Control; or

 

(l)                
ERISA. (i) An ERISA Event occurs which, individually or together with other ERISA events which have occurred, has
resulted or could reasonably be expected to result in liability of a Loan Party in an aggregate amount which could reasonably be
expected to result in a Material Adverse Effect, or (ii) a Loan Party or any ERISA Affiliate fails to pay when due, after the expiration
of any applicable grace period, any installment payment with respect to its withdrawal liability under Section 4201 of ERISA under
a Multiemployer Plan the remaining balance of which could reasonably be expected to result in a Material Adverse Effect.

 

Section
8.02                    Remedies
Upon Event of Default. If any Event of Default occurs
and is continuing, the Administrative Agent may and, at the request of the Required Lenders, shall take any or all of the following
actions:

 

(a)               declare the commitment of each Lender to make Loans to be terminated, whereupon such commitments shall be terminated;

 

(b)               declare
the unpaid principal amount of all outstanding Loans, all interest accrued and unpaid thereon, and all other amounts owing or
payable hereunder or under any other Loan Document to be immediately due and payable, without presentment, demand, protest or
other notice of any kind, all of which are hereby expressly waived by the Borrower;

 

(c)               
[reserved]; and

 

(d)              
exercise on behalf of itself and the Lenders all rights and remedies available to it and the Lenders under the Loan Documents
or applicable Law;

 

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provided
that upon the occurrence of an Event of Default under Section 8.01(f) or (g) with respect to any Parent or the Borrower,
the obligation of each Lender to make Loans shall automatically terminate, the unpaid principal amount of all outstanding Loans
and all interest and other amounts as aforesaid shall automatically become due and payable, in each case without further act of
the Administrative Agent or any Lender.

 

Section
8.03                    Exclusion
of Immaterial Subsidiaries. Solely for the purpose
of determining whether a Default has occurred under clause (f) or (g) of Section 8.01, any reference
in any such clause to any Restricted Subsidiary or Loan Party shall be deemed not to include any Subsidiary that is an Immaterial
Subsidiary or at such time could, upon designation by the Borrower, become an Immaterial Subsidiary affected by any event or circumstances
referred to in any such clause unless the Consolidated EBITDA of such Subsidiary together with the Consolidated EBITDA of all other
Subsidiaries affected by such event or circumstance referred to in such clause, shall exceed 5% of the Consolidated EBITDA of the
Parents, the Borrower and the Restricted Subsidiaries.

 

Section
8.04                    Application
of Funds. If the circumstances described in Section
2.12(g) have occurred, or after the exercise of remedies provided for in Section 8.02 (or after the Loans have automatically
become immediately due and payable), including in any bankruptcy or insolvency proceeding, any amounts received on account of the
Obligations shall be applied by the Administrative Agent, subject to the Applicable Intercreditor Agreement then in effect, in
the following order:

 

First,
to payment of that portion of the Obligations constituting fees, indemnities, expenses and other amounts (other than principal
and interest, but including Attorney Costs payable under Section 10.04 and amounts payable under Article III) payable
to each Agent in its capacity as such;

 

Second,
to payment of that portion of the Obligations constituting fees, indemnities and other amounts (other than principal and interest)
payable to the Lenders (including Attorney Costs payable under Section 10.04 and amounts payable under Article III),
ratably among them in proportion to the amounts described in this clause Second payable to them;

 

Third,
to payment of that portion of the Obligations constituting accrued and unpaid interest (including, but not limited to, post-petition
interest), ratably among the Lenders in proportion to the respective amounts described in this clause Third payable to them;

 

Fourth,
to payment of that portion of the Obligations constituting unpaid principal of the Loans, ratably among the Secured Parties in
proportion to the respective amounts described in this clause Fourth held by them;

 

Fifth,
to the payment of all other Obligations of the Loan Parties that are due and payable to the Administrative Agent and the other
Secured Parties on such date, ratably based upon the respective aggregate amounts of all such Obligations owing to the Administrative
Agent and the other Secured Parties on such date; and

 

Last,
the balance, if any, after all of the Obligations have been paid in full, to the Borrower or as otherwise required by Law.

 

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ARTICLE
IX

 

Administrative Agent and Other Agents

 

Section
9.01                     Appointment
and Authorization of Agents.

 

(a)              
Each Lender hereby irrevocably appoints, designates and authorizes the Administrative Agent to take such action on its behalf
under the provisions of this Agreement and each other Loan Document and to exercise such powers and perform such duties as are
expressly delegated to it by the terms of this Agreement or any other Loan Document, together with such powers as are reasonably
incidental thereto. Notwithstanding any provision to the contrary contained elsewhere herein or in any other Loan Document, the
Administrative Agent shall have no duties or responsibilities, except those expressly set forth herein, nor shall the Administrative
Agent have or be deemed to have any fiduciary relationship with any Lender or participant, and no implied covenants, functions,
responsibilities, duties, obligations or liabilities shall be read into this Agreement or any other Loan Document or otherwise
exist against the Administrative Agent. Without limiting the generality of the foregoing sentence, the use of the term “agent”
herein and in the other Loan Documents with reference to any Agent is not intended to connote any fiduciary or other implied (or
express) obligations arising under agency doctrine of any applicable Law. Instead, such term is used merely as a matter of market
custom, and is intended to create or reflect only an administrative relationship between independent contracting parties.

 

(b)              
[Reserved].

 

(c)              
The Administrative Agent shall also act as the “collateral agent” under the Loan Documents, and each of the
Lenders hereby irrevocably appoints and authorizes the Administrative Agent to act as the agent of (and to hold any security interest,
charge or other Lien created by the Collateral Documents for and on behalf of or on trust for) such Lender for purposes of acquiring,
holding and enforcing any and all Liens on Collateral granted by any of the Loan Parties to secure any of the Obligations, together
with such powers and discretion as are reasonably incidental thereto. In this connection, the Administrative Agent, as “collateral
agent” (and any co-agents, sub-agents and attorneys-in-fact appointed by the Administrative Agent pursuant to Section
9.02 for purposes of holding or enforcing any Lien on the Collateral (or any portion thereof) granted under the Collateral
Documents, or for exercising any rights and remedies thereunder at the direction of the Administrative Agent), shall be entitled
to the benefits of all provisions of this Article IX (including Section 9.07, as though such co-agents, sub-agents
and attorneys-in-fact were the “collateral agent” under the Loan Documents) as if set forth in full herein with respect
thereto. Without limiting the generality of the foregoing, the Lenders hereby expressly authorize the Administrative Agent to
execute any and all documents (including releases) with respect to the Collateral and the rights of the Secured Parties with respect
thereto, as contemplated by and in accordance with the provisions of the Loan Documents and the Collateral Documents and acknowledge
and agree that any such action by any Agent shall bind the Lenders.

 

Section
9.02                    Delegation
of Duties. The Administrative Agent may execute any
of its duties under this Agreement or any other Loan Document (including for purposes of holding or enforcing any Lien on the Collateral
(or any portion thereof) granted under the Collateral Documents or of exercising any rights and remedies thereunder) by or through
Affiliates, agents, employees or attorneys-in-fact, such sub-agents as shall be deemed necessary by the Administrative Agent, and
shall be entitled to advice of counsel, both internal and external, and other consultants or experts concerning all matters pertaining
to such duties. The Administrative Agent shall not be responsible for the negligence or misconduct of any agent or sub-agent or
attorney-in-fact that it selects in the absence of gross negligence or willful misconduct.

 

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Section
9.03                    Liability
of Agents. No Agent-Related Person shall (a) be liable
to any Lender for any action taken or omitted to be taken by any of them under or in connection with this Agreement or any other
Loan Document or the transactions contemplated hereby, including their respective activities in connection with the syndication
of the credit facilities provided for herein as well as activities as Administrative Agent (except for its own gross negligence
or willful misconduct, as determined by the final and non-appealable judgment of a court of competent jurisdiction, in connection
with its duties expressly set forth herein), (b) be responsible in any manner to any Lender or participant for any recital, statement,
representation or warranty made by any Loan Party or any officer thereof, contained herein or in any other Loan Document, or in
any certificate, report, statement or other document referred to or provided for in, or received by the Administrative Agent under
or in connection with, this Agreement or any other Loan Document, or the validity, effectiveness, genuineness, enforceability or
sufficiency of this Agreement or any other Loan Document, or the validity, perfection or priority of any Lien or security interest
created or purported to be created under the Collateral Documents, the value or sufficiency of any Collateral or the satisfaction
of any condition set forth in Article IV or elsewhere herein, other than to confirm receipt of items
expressly required to be delivered to the Administrative Agent, or for any failure of any Loan Party or any other party to any
Loan Document to perform its obligations hereunder or thereunder or (c) be responsible or have any liability for, or have any duty
to ascertain, inquire into, monitor or enforce, compliance with the provisions hereof relating to Disqualified Lenders; further,
without limiting the generality of the foregoing clause (c), no Agent-Related Person shall (x) be obligated to ascertain, monitor
or inquire as to whether any Lender or Participant or prospective Lender or Participant is a Disqualified Lender or (y) have any
liability with respect to or arising out of any assignment or participation of Loans, or disclosure of confidential information,
to any Disqualified Lender. No Agent-Related Person shall be under any obligation to any Lender or participant to ascertain or
to inquire as to the observance or performance of any of the agreements contained in, or conditions of, this Agreement or any other
Loan Document, or to inspect the properties, books or records of any Loan Party or any Affiliate thereof. No Agent shall have any
duty to take any discretionary action or exercise any discretionary powers, except discretionary rights and powers expressly contemplated
hereby or by the other Loan Documents that such Agent is required to exercise as directed in writing by the Required Lenders (or
such other number or percentage of the Lenders as shall be expressly provided for herein or in the other Loan Documents); provided
that such Agent shall not be required to take any action that, in its judgment or the judgment of its counsel, may expose such
Agent to liability or that is contrary to any Loan Document or applicable Law. No Agent shall be liable for any action taken or
not taken by it with the consent or at the request of the Required Lenders (or such other number or percentage of the Lenders
as shall be expressly provided for herein or in the other Loan Documents), or in the absence of its own gross negligence or willful
misconduct, as determined by the final and non-appealable judgment of a court of competent jurisdiction, in connection with its
duties expressly set forth herein.

 

Section
9.04                     Reliance
by Agents.

 

(a)              
Each Agent shall be entitled to rely, and shall be fully protected in relying, upon any writing, communication, signature,
resolution, representation, notice, request, consent, certificate, instrument, affidavit, letter, telegram, facsimile, telex or
telephone message, electronic mail message, statement or other document or conversation believed by it to be genuine and correct
and to have been signed, sent or made by the proper Person or Persons, and upon advice and statements of legal counsel (including
counsel to any Loan Party), independent accountants and other experts selected by such Agent and shall not incur any liability
for relying thereon. Each Agent shall be fully justified in failing or refusing to take any action under any Loan Document unless
it shall first receive such advice or concurrence of the Required Lenders as it deems appropriate and, if it so requests, it shall
first be indemnified to its satisfaction by the Lenders against any and all liability and expense which may be incurred by it by
reason of taking or continuing to take any such action. Each Agent shall in all cases be fully protected in acting, or in refraining
from acting, under this Agreement or any other Loan Document in accordance with a request or consent of the Required Lenders (or
such greater number of Lenders as may be expressly required hereby in any instance) and such request and any action taken or failure
to act pursuant thereto shall be binding upon all the Lenders.

 

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(b)              
For purposes of determining compliance with the conditions specified in Section 4.01, each Lender that has signed
this Agreement shall be deemed to have consented to, approved or accepted or to be satisfied with, each document or other matter
required thereunder to be consented to or approved by or acceptable or satisfactory to a Lender unless the Administrative Agent
shall have received notice from such Lender prior to the proposed Closing Date specifying its objection thereto.

 

Section
9.05                    Notice
of Default. The Administrative Agent shall not be
deemed to have knowledge or notice of the occurrence of any Default, except with respect to defaults in the payment of principal,
interest and fees required to be paid to the Administrative Agent for the account of the Lenders, unless the Administrative Agent
shall have received written notice from a Lender or the Borrower referring to this Agreement, describing such Default and stating
that such notice is a “notice of default.” The Administrative Agent will notify the Lenders of its receipt of any such
notice. Subject to the other provisions of this Article IX, the Administrative Agent shall take such
action with respect to any Event of Default as may be directed by the Required Lenders in accordance with Article VIII;
provided that unless and until the Administrative Agent has received any such direction, the Administrative Agent may (but
shall not be obligated to) take such action, or refrain from taking such action, with respect to such Event of Default as it shall
deem advisable or in the best interest of the Lenders.

 

Section
9.06                     Credit
Decision; Disclosure of Information by Agents. Each
Lender acknowledges that no Agent-Related Person has made any representation or warranty to it, and that no act by any Agent hereafter
taken, including any consent to and acceptance of any assignment or review of the affairs of any Loan Party or any Affiliate thereof,
shall be deemed to constitute any representation or warranty by any Agent-Related Person to any Lender as to any matter, including
whether Agent-Related Persons have disclosed material information in their possession. Each Lender represents to each Agent that
it has, independently and without reliance upon any Agent-Related Person and based on such documents and information as it has
deemed appropriate, made its own appraisal of an investigation into the business, prospects, operations, property, financial and
other condition and creditworthiness of the Loan Parties and their respective Subsidiaries, and all applicable bank or other regulatory
Laws relating to the transactions contemplated hereby, and made its own decision to enter into this Agreement and to extend credit
to the Borrower and the other Loan Parties hereunder. Each Lender also represents that it will, independently and without reliance
upon any Agent-Related Person and based on such documents and information as it shall deem appropriate at the time, continue to
make its own credit analysis, appraisals and decisions in taking or not taking action under this Agreement and the other Loan Documents,
and to make such investigations as it deems necessary to inform itself as to the business, prospects, operations, property, financial
and other condition and creditworthiness of the Borrower and the other Loan Parties. Except for notices, reports and other documents
expressly required to be furnished to the Lenders by any Agent herein, such Agent shall not have any duty or responsibility to
provide any Lender with any credit or other information concerning the business, prospects, operations, property, financial and
other condition or creditworthiness of any of the Loan Parties or any of their respective Affiliates which may come into the possession
of any Agent-Related Person.

 

Section
9.07                     Indemnification
of Agents. Whether or not the transactions contemplated
hereby are consummated, the Lenders shall indemnify upon demand each Agent-Related Person (to the extent not reimbursed by or on
behalf of any Loan Party and without limiting the obligation of any Loan Party to do so), pro rata, and hold harmless each Agent-Related
Person from and against any and all Indemnified Liabilities incurred by it in its capacity as an Agent-Related Person; provided
that no Lender shall be liable for the payment to any Agent-Related Person of any portion of such Indemnified Liabilities resulting
from such Agent-Related Person’s own gross negligence or willful misconduct, as determined by the final and non-appealable
judgment of a court of competent jurisdiction; provided that no action taken in accordance with the directions of the Required
Lenders (or such other number or percentage of the Lenders as shall be required by the Loan Documents) shall be deemed to constitute
gross negligence or willful misconduct for purposes of this Section 9.07. In the case of any investigation, litigation
or proceeding giving rise to any Indemnified Liabilities, this Section 9.07 applies whether any such investigation, litigation
or proceeding is brought by any Lender or any other Person. Without limitation of the foregoing, each Lender shall reimburse the
Administrative Agent upon demand for its ratable share of any costs or out-of-pocket expenses (including Attorney Costs) incurred
by the Administrative Agent in connection with the preparation, execution, delivery, administration, modification, amendment or
enforcement (whether through negotiations, legal proceedings or otherwise) of, or legal advice in respect of rights or responsibilities
under, this Agreement, any other Loan Document, or any document contemplated by or referred to herein, to the extent that the Administrative
Agent is not reimbursed for such expenses by or on behalf of the Borrower, provided that such reimbursement by the Lenders
shall not affect the Borrower’s continuing reimbursement obligations with respect thereto, if any. The undertaking in this
Section 9.07 shall survive termination of the Aggregate Commitments, the payment of all other Obligations and the resignation
of the Administrative Agent.

 

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Section
9.08                    Agents
in their Individual Capacities. Bank of America
and its Affiliates may make loans to, issue letters of credit for the account of, accept deposits from, acquire Equity Interests
in and generally engage in any kind of banking, trust, financial advisory, underwriting or other business with each of the Loan
Parties and their respective Affiliates as though Bank of America were not the Administrative Agent hereunder and without notice
to or consent of the Lenders. The Lenders acknowledge that, pursuant to such activities, Bank of America or its Affiliates may
receive information regarding any Loan Party or any Affiliate of a Loan Party (including information that may be subject to confidentiality
obligations in favor of such Loan Party or such Affiliate) and acknowledge that the Administrative Agent shall be under no obligation
to provide such information to them. With respect to its Loans, Bank of America shall have the same rights and powers under this
Agreement as any other Lender and may exercise such rights and powers as though it were not the Administrative Agent, and the terms
 “Lender” and “Lenders” include Bank of America in its individual capacity.

 

Section
9.09                    Successor
Agents. The Administrative Agent may resign as the
Administrative Agent and Collateral Agent upon thirty (30) days’ notice to the Lenders and the Borrower. If the Administrative
Agent resigns under this Agreement, the Required Lenders shall appoint from among the Lenders a successor agent for the Lenders,
which appointment of a successor agent shall require the consent of the Borrower at all times other than during the existence of
an Event of Default under Section 8.01(f) or (g) (which consent of the Borrower shall not be unreasonably
withheld or delayed). If no successor agent is appointed prior to the effective date of the resignation of the Administrative Agent,
the Administrative Agent may appoint, after consulting with the Lenders and the Borrower, a successor agent from among the Lenders.
Upon the acceptance of its appointment as successor agent hereunder, the Person acting as such successor agent shall succeed to
all the rights, powers and duties of the retiring Administrative Agent and Collateral Agent and the term “Administrative
Agent” shall mean such successor administrative agent and/or supplemental administrative agent, as the case may be (and the
term “Collateral Agent” shall mean such successor collateral agent, as described in this Section 9.09 and/or
supplemental agent, as described in Section 9.02), and the retiring Administrative Agent’s appointment, powers and
duties as the Administrative Agent and Collateral Agent shall be terminated. After the retiring Administrative Agent’s resignation
hereunder as the Administrative Agent and Collateral Agent, the provisions of this Article IX and Section 10.04 and
Section 10.05 shall inure to its benefit as to any actions taken or omitted to be taken by it while it was the Administrative
Agent and Collateral Agent under this Agreement. If no successor agent has accepted appointment as the Administrative Agent and
Collateral Agent by the date which is thirty (30) days following the retiring Administrative Agent’s notice of resignation,
the retiring Administrative Agent’s resignation shall nevertheless thereupon become effective and the Lenders shall perform
all of the duties of the Administrative Agent and Collateral Agent hereunder until such time, if any, as the Required Lenders appoint
a successor agent as provided for above (except that in the case of any collateral security held by the Collateral Agent on behalf
of the Lenders under any of the Loan Documents, the retiring Collateral Agent shall continue to hold such collateral security until
such time as a successor Collateral Agent is appointed). Upon the acceptance of any appointment as the Administrative Agent and
Collateral Agent hereunder by a successor and upon the execution and filing or recording of such financing statements, or amendments
thereto, and such other instruments or notices, as may be necessary or desirable, or as the Required Lenders may reasonably request,
in order to (a) continue the perfection of the Liens granted or purported to be granted by the Collateral Documents or (b) otherwise
ensure that the Collateral and Guarantee Requirement is satisfied, the Administrative Agent shall thereupon succeed to and become
vested with all the rights, powers, discretion, privileges, and duties of the retiring Administrative Agent and Collateral Agent,
and the retiring Administrative Agent and Collateral Agent shall, to the extent not previously discharged, be discharged from its
duties and obligations under the Loan Documents.

 

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Section
9.10                     Administrative
Agent May File Proofs of Claim. In case of the
pendency of any receivership, insolvency, liquidation, bankruptcy, reorganization, arrangement, adjustment, composition or other
judicial proceeding relative to any Loan Party, the Administrative Agent (irrespective of whether the principal of any Loan shall
then be due and payable as herein expressed or by declaration or otherwise and irrespective of whether the Administrative Agent
shall have made any demand on the Borrower) shall be entitled and empowered, by intervention in such proceeding or otherwise:

 

(a)               
to file and prove a claim for the whole amount of the principal and interest owing and unpaid in respect of the Loans and
all other Obligations that are owing and unpaid and to file such other documents as may be necessary or advisable in order to have
the claims of the Lenders and the Administrative Agent (including any claim for the reasonable compensation, expenses, disbursements
and advances of the Lenders and the Administrative Agent and their respective agents and counsel and all other amounts due the
Lenders and the Administrative Agent under Section 2.09 and Section 10.04) allowed in such judicial proceeding; and

 

(b)               
to collect and receive any monies or other property payable or deliverable on any such claims and to distribute the same;
and

 

(c)               
any custodian, receiver, assignee, trustee, liquidator, sequestrator or other similar official in any such judicial proceeding
is hereby authorized by each Lender to make such payments to the Administrative Agent and, in the event that the Administrative
Agent shall consent to the making of such payments directly to the Lenders, to pay to the Administrative Agent any amount due for
the reasonable compensation, expenses, disbursements and advances of the Agents and their respective agents and counsel, and any
other amounts due to the Administrative Agent under Section 2.09 and Section 10.04.

 

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The
Secured Parties hereby irrevocably authorize the Administrative Agent, at the direction of the Required Lenders, to credit bid
all or any portion of the Obligations (including accepting some or all of the Collateral in satisfaction of some or all of the
Obligations pursuant to a deed in lieu of foreclosure or otherwise) and in such manner purchase (either directly or through one
or more acquisition vehicles) all or any portion of the Collateral (a) at any sale thereof conducted under the provisions of the
Bankruptcy Code, including under Sections 363, 1123 or 1129 of the Bankruptcy Code, or any similar Laws in any other jurisdictions
to which a Loan Party is subject, (b) at any other sale or foreclosure or acceptance of collateral in lieu of debt conducted by
(or with the consent or at the direction of) the Administrative Agent (whether by judicial action or otherwise) in accordance with
any applicable Law. In connection with any such credit bid and purchase, the Obligations owed to the Secured Parties shall be entitled
to be, and shall be, credit bid on a ratable basis (with Obligations with respect to contingent or unliquidated claims receiving
contingent interests in the acquired assets on a ratable basis that would vest upon the liquidation of such claims in an amount
proportional to the liquidated portion of the contingent claim amount used in allocating the contingent interests) in the asset
or assets so purchased (or in the Equity Interests or debt instruments of the acquisition vehicle or vehicles that are used to
consummate such purchase). In connection with any such bid (i) the Administrative Agent shall be authorized to form one or more
acquisition vehicles to make a bid, (ii) to adopt documents providing for the governance of the acquisition vehicle or vehicles
(provided that any actions by the Administrative Agent with respect to such acquisition vehicle or vehicles, including any
disposition of the assets or Equity Interests thereof shall be governed, directly or indirectly, by the vote of the Required Lenders,
irrespective of the termination of this Agreement and without giving effect to the limitations on actions by the Required Lenders
contained in clauses (a) through (g) of Section 10.01), (iii) the Administrative Agent shall
be authorized to assign the relevant Obligations to any such acquisition vehicle pro rata by the Lenders, as a result of which
each of the Lenders shall be deemed to have received a pro rata portion of any Equity Interests and/or debt instruments issued
by such an acquisition vehicle on account of the assignment of the Obligations to be credit bid, all without the need for any Secured
Party or acquisition vehicle to take any further action, and (iv) to the extent that Obligations that are assigned to an acquisition
vehicle are not used to acquire Collateral for any reason (as a result of another bid being higher or better, because the amount
of Obligations assigned to the acquisition vehicle exceeds the amount of debt credit bid by the acquisition vehicle or otherwise),
such Obligations shall automatically be reassigned to the Lenders pro rata and the Equity Interests and/or debt instruments issued
by any acquisition vehicle on account of the Obligations that had been assigned to the acquisition vehicle shall automatically
be canceled, without the need for any Secured Party or any acquisition vehicle to take any further action.

 

Nothing contained herein
shall be deemed to authorize the Administrative Agent to authorize or consent to or accept or adopt on behalf of any Lender any
plan of reorganization, arrangement, adjustment or composition affecting the Obligations or the rights of any Lender or to authorize
the Administrative Agent to vote in respect of the claim of any Lender in any such proceeding.

 

Section
9.11                     Collateral
and Guaranty Matters. The Lenders irrevocably agree:

 

(a)               
that any Lien on any property granted to or held by the Administrative Agent or the Collateral Agent under any Loan Document
shall be automatically released (i) upon termination of the Aggregate Commitments and payment in full of all Obligations (other
than contingent indemnification obligations and other contingent obligations not yet accrued and payable), (ii) at the time the
property subject to such Lien is transferred or to be transferred as part of or in connection with any transfer permitted hereunder
or under any other Loan Document to any Person other than any other Loan Party, (iii) subject to Section 10.01, if the release
of such Lien is approved, authorized or ratified in writing by the Required Lenders, (iv) if the property subject to such Lien
is owned by a Guarantor, upon release of such Guarantor from its obligations under its Guaranty pursuant to clause (c) below
or (v) if the property subject to such Lien becomes Excluded Property;

 

(b)               
to release or subordinate any Lien on any property granted to or held by the Administrative Agent or the Collateral Agent
under any Loan Document to the holder of any Lien on such property that is permitted by Sections 7.01(i) and (o);

 

(c)               
if any Subsidiary Guarantor ceases to be a Restricted Subsidiary, or becomes an Excluded Subsidiary, in each case as a result
of a transaction or designation permitted hereunder (as certified in writing delivered to the Administrative Agent by a Responsible
Officer of the Borrower), (x) such Subsidiary shall be automatically released from its obligations under the Guaranty and (y) any
Liens granted by such Subsidiary or Liens on the Equity Interests of such Subsidiary (to the extent such Equity Interests have
become Excluded Property or are being transferred to a Person that is not a Loan Party) shall be automatically released.

 

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Upon
request by the Administrative Agent at any time, the Required Lenders will confirm in writing the Administrative Agent’s
authority to release or subordinate its interest in particular types or items of property, or to release any Guarantor from its
obligations under the Guaranty pursuant to this Section 9.11. In each case as specified in this Section 9.11,
the Administrative Agent will promptly (and each Lender irrevocably authorizes the Administrative Agent to), at the Borrower’s
expense, execute and deliver to the applicable Loan Party such documents as such Loan Party may reasonably request to evidence
the release or subordination of such item of Collateral from the assignment and security interest granted under the Collateral
Documents, or to evidence the release of such Guarantor from its obligations under the Guaranty, in each case in accordance with
the terms of the Loan Documents and this Section 9.11. Prior to releasing or subordinating its interest in particular types
or items of property, or to release any Guarantor from its obligations under the Guaranty pursuant to this Section 9.11,
the Administrative Agent and/or the Collateral Agent shall be entitled to receive a certificate of a Responsible Officer of the
Borrower stating that such actions are permitted under this Agreement. Neither the Administrative Agent nor the Collateral Agent
shall be liable for any such release undertaken in reliance upon any such certificate of a Responsible Officer of the Borrower.

 

The
Collateral Agent shall have no obligation whatsoever to the Lenders or to any other Person to assure that the Collateral exists
or is owned by any Loan Party or is cared for, protected or insured or that the Liens granted to the Collateral Agent herein or
pursuant hereto have been properly or sufficiently or lawfully created, perfected, protected or enforced or are entitled to any
particular priority, or to exercise or to continue exercising at all or in any manner or under any duty of care, disclosure or
fidelity any of the rights, authorities and powers granted or available to the Collateral Agent in this Section 9.11
or in any of the Collateral Documents, it being understood and agreed that in respect of the Collateral, or any act, omission or
event related thereto, the Collateral Agent may act in any manner it may deem appropriate, in its sole discretion, given the Collateral
Agent’s own interest in the Collateral as one of the Lenders and that the Collateral Agent shall have no duty or liability
whatsoever to the Lenders, except for its gross negligence or willful misconduct (as determined by a court of competent jurisdiction
in a final and non-appealable decision).

 

Section
9.12                     Other
Agents; Arrangers and Managers. None of the Lenders,
the Agents, the Lead Arrangers or other Persons identified on the facing page or signature pages of this Agreement as a “joint
lead arranger and bookrunner” or “co-arranger” shall have any right, power, obligation, liability, responsibility
or duty under this Agreement other than those applicable to all Lenders as such. Without limiting the foregoing, none of the Lenders
or other Persons so identified shall have or be deemed to have any fiduciary relationship with any Lender. Each Lender acknowledges
that it has not relied, and will not rely, on any of the Lenders or other Persons so identified in deciding to enter into this
Agreement or in taking or not taking action hereunder.

 

Section
9.13                     Appointment
of Supplemental Administrative Agents.

 

(a)               
It is the purpose of this Agreement and the other Loan Documents that there shall be no violation of any Law of any jurisdiction
denying or restricting the right of banking corporations or associations to transact business as agent or trustee in such jurisdiction.
It is recognized that in case of litigation under this Agreement or any of the other Loan Documents, and in particular in case
of the enforcement of any of the Loan Documents, or in case the Administrative Agent deems that by reason of any present or future
Law of any jurisdiction it may not exercise any of the rights, powers or remedies granted herein or in any of the other Loan Documents
or take any other action which may be desirable or necessary in connection therewith, the Administrative Agent is hereby authorized
to appoint an additional individual or institution selected by the Administrative Agent in its sole discretion as a separate trustee,
co-trustee, administrative agent, collateral agent, administrative sub-agent or administrative co-agent (any such additional individual
or institution being referred to herein individually as a “Supplemental Administrative Agent” and, collectively,
as “Supplemental Administrative Agents”).

 

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(b)               
In the event that the Administrative Agent appoints a Supplemental Administrative Agent with respect to any Collateral,
(i) each and every right, power, privilege or duty expressed or intended by this Agreement or any of the other Loan Documents to
be exercised by or vested in or conveyed to the Administrative Agent with respect to such Collateral shall be exercisable by and
vest in such Supplemental Administrative Agent to the extent, and only to the extent, necessary to enable such Supplemental Administrative
Agent to exercise such rights, powers and privileges with respect to such Collateral and to perform such duties with respect to
such Collateral, and every covenant and obligation contained in the Loan Documents and necessary to the exercise or performance
thereof by such Supplemental Administrative Agent shall run to and be enforceable by either the Administrative Agent or such Supplemental
Administrative Agent, and (ii) the provisions of this Article IX and of Section 10.04 and Section 10.05 that
refer to the Administrative Agent shall inure to the benefit of such Supplemental Administrative Agent and all references therein
to the Administrative Agent shall be deemed to be references to the Administrative Agent and/or such Supplemental Administrative
Agent, as the context may require.

 

(c)               
Should any instrument in writing from any Loan Party be required by any Supplemental Administrative Agent so appointed by
the Administrative Agent for more fully and certainly vesting in and confirming to him or it such rights, powers, privileges and
duties, the Borrower shall, or shall cause such Loan Party to, execute, acknowledge and deliver any and all such instruments promptly
upon request by the Administrative Agent. In case any Supplemental Administrative Agent, or a successor thereto, shall die, become
incapable of acting, resign or be removed, all the rights, powers, privileges and duties of such Supplemental Administrative Agent,
to the extent permitted by Law, shall vest in and be exercised by the Administrative Agent until the appointment of a new Supplemental
Administrative Agent.

 

Section
9.14                     Withholding
Tax. To the extent required by any applicable Law,
the Administrative Agent may deduct or withhold from any payment to any Lender under any Loan Document an amount equivalent to
any applicable withholding Tax. If the Internal Revenue Service or any other Governmental Authority asserts a claim that the Administrative
Agent did not properly withhold Tax from amounts paid to or for the account of any Lender for any reason (including because the
appropriate form was not delivered or was not properly executed or because such Lender failed to notify the Administrative Agent
of a change in circumstance that rendered the exemption from, or reduction of, withholding Tax ineffective), such Lender shall
indemnify and hold harmless the Administrative Agent fully for all amounts paid, directly or indirectly, by the Administrative
Agent as Tax or otherwise, and shall make payable in respect thereof within ten (10) days after demand therefore including any
penalties, additions to Tax or interest and together with all expenses (including legal expenses, allocated internal costs and
out-of-pocket expenses) incurred, whether or not such Tax was correctly or legally imposed or asserted by the relevant Governmental
Authority. A certificate as to the amount of such payment or liability delivered to any Lender by the Administrative Agent shall
be conclusive absent manifest error. Each Lender hereby authorizes the Administrative Agent to set off and apply any and all amounts
at any time owing to such Lender under this Agreement or any other Loan Document against any amount due the Administrative Agent
under this Section 9.14. The agreements in this Section 9.14 shall survive the resignation and/or replacement
of the Administrative Agent, any assignment of rights by, or the replacement of, a Lender, the termination of this Agreement and
the repayment, satisfaction or discharge of all other obligations. For the avoidance of doubt, this Section 9.14 shall not
limit or expand the obligations of the Borrower or any Guarantor under Section 3.01 or any other provision of this Agreement.

 

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ARTICLE
X

 

Miscellaneous

 

Section
10.01                 Amendments, Etc.
Except as otherwise set forth in this Agreement, no amendment
or waiver of any provision of this Agreement or any other Loan Document, and no consent to any departure by the Borrower or any
other Loan Party therefrom, shall be effective unless in writing signed by the Required Lenders and the Borrower or the applicable
Loan Party, as the case may be, and acknowledged by the Administrative Agent and each such waiver or consent shall be effective
only in the specific instance and for the specific purpose for which given; provided that no such amendment, waiver or consent
shall:

 

(a)               
extend or increase the Term Commitment of any Lender without the written consent of each Lender directly and adversely affected
thereby (it being understood that a waiver of any condition precedent set forth in Section 4.02 or the waiver of any Default,
mandatory prepayment or mandatory reduction of the Term Commitments shall not constitute an extension or increase of any Term Commitment
of any Lender);

 

(b)               
postpone any date scheduled for, or reduce the amount of, any payment of principal or interest under Section 2.07
or Section 2.08, fees or other amounts without the written consent of each Lender directly and adversely affected thereby,
it being understood that the waiver of (or amendment to the terms of) any mandatory prepayment of the Term Loans shall not constitute
a postponement of any date scheduled for the payment of principal or interest;

 

(c)               
reduce the principal of, or the rate of interest specified herein on, any Loan, or (subject to clause (iii) of the
second proviso to this Section 10.01) any fees or other amounts payable hereunder or under any other Loan Document without
the written consent of each Lender directly and adversely affected thereby, it being understood that any change to the definition
of Senior Secured Leverage Ratio, Senior Secured Leverage Ratio or Total Leverage Ratio or in the component definitions thereof
shall not constitute a reduction in the rate of interest or fees; provided that only the consent of the Required Lenders
shall be necessary to (i) amend the definition of “Default Rate”, (ii) to waive any obligation of the Borrowers to
pay interest at the Default Rate or (iii) effectuate or implement any changes in accordance with Section 1.10;

 

(d)               
change any provision of this Section 10.01 or Section 8.04 or
Section 10.07(b)(ii)(F)-(J) that would alter the pro rata sharing of payments,
ratable reduction of Loans or the definition of “Required Lenders” without the written consent of each Lender
directly and adversely affected thereby;

 

(e)               
release all or substantially all of the Collateral in any transaction or series of related transactions, without the written
consent of each Lender; provided that any transaction permitted under Section 7.04 or Section 7.05 shall not
be subject to this clause (e) to the extent such transaction does not result in the release of all or substantially all
of the Collateral;

 

(f)                
release all or substantially all of the value of the Guarantees in any transaction or series of related transactions, without
the written consent of each Lender; provided that any transaction permitted under Section 7.04 or Section 7.05
shall not be subject to this clause (f) to the extent such transaction does not result in the release of all or substantially
all of the Guarantees; or

 

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(g)               
change the definition of “Required Lenders” without the written consent of each Lender.

 

and
provided, further, that (i) no amendment, waiver or consent shall, unless in writing and signed by the Administrative Agent
in addition to the Lenders required above, affect the rights or duties of, or any fees or other amounts payable to, the Administrative
Agent under this Agreement or any other Loan Document; (ii) Section 10.07(h) may not be amended, waived or otherwise
modified without the consent of each Granting Lender all or any part of whose Loans are being funded by an SPC at the time of such
amendment, waiver or other modification; (iii) (A) any amendment or waiver that by its terms affects the rights or duties of Lenders
holding Loans or Term Commitments of a particular Class (but not the Lenders holding Loans or Term Commitments of any other Class)
will require only the requisite percentage in interest of the affected Class of Lenders that would be required to consent thereto
if such Class of Lenders were the only Class of Lenders and (B) in determining whether the requisite percentage of Lenders have
consented to any amendment, modification, waiver or other action, any Defaulting Lenders shall be deemed to have voted in the same
proportion as those Lenders who are not Defaulting Lenders, except with respect to (x) any amendment, waiver or other action which
by its terms requires the consent of all Lenders or each affected Lender and (y) any amendment, waiver or other action that by
its terms adversely affects any Defaulting Lender in its capacity as a Lender in a manner that differs in any material respect
from other affected Lenders, in which case the consent of such Defaulting Lender shall be required. Notwithstanding the foregoing,
this Agreement may be amended (or amended and restated) with the written consent of the Required Lenders, and the Borrower and
the Administrative Agent (a) to add one or more additional credit facilities to this Agreement and to permit the extensions of
credit from time to time outstanding thereunder and the accrued interest and fees in respect thereof to share ratably in the benefits
of this Agreement and the other Loan Documents with the Term Loans, the Incremental Term Loans, if any, and the accrued interest
and fees in respect thereof and (b) to include appropriately the Lenders holding such credit facilities in any determination of
the Required Lenders.

 

Notwithstanding
anything to the contrary contained in this Section 10.01, any guarantees, collateral security documents and related
documents executed by Subsidiaries in connection with this Agreement may be in a form reasonably determined by the Administrative
Agent and may be, together with this Agreement, amended, supplemented and waived with the consent of the Administrative Agent at
the request of the Borrower without the need to obtain the consent of any Lender if such amendment, supplement or waiver is delivered
in order (i) to comply with local Law or advice of local counsel, (ii) to cure ambiguities, omissions, mistakes or defects or (iii)
to cause such guarantee, collateral security document or other document to be consistent with this Agreement and the other Loan
Documents. Furthermore, with the consent of the Administrative Agent at the request of the Borrower (without the need to obtain
any consent of any Lender), any Loan Document may be amended to cure ambiguities, omissions, mistakes or defects.

 

Neither the Administrative
Agent nor the Collateral Agent shall amend or waive any provision of an Applicable Intercreditor Agreement (other than to cure
ambiguities, omissions, mistakes or defects or to add other parties thereto (to the extent contemplated by Section 7.01)) without
the written consent of the Required Lenders.

 

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Notwithstanding
anything in this Section 10.01 to the contrary, (a) technical and conforming modifications to the Loan Documents
may be made with the consent of the Borrower and the Administrative Agent to the extent necessary (i) to integrate any Incremental
Facilities, Refinancing Term Loans or Extended Term Loans, (ii) to integrate terms or conditions from any Incremental Facility
Amendment that are more restrictive than this Agreement in accordance with Section 2.14(d) and (iii) to make any amendments
permitted by Section 1.03 and to give effect to any election to adopt IFRS and (b) without the consent of any Lender, the
Loan Parties and the Administrative Agent or any collateral agent may (in their respective sole discretion, or shall, to the extent
required by any Loan Document) enter into (x) any amendment, modification or waiver of any Loan Document, or enter into any new
agreement or instrument, to effect the granting, perfection, protection, expansion or enhancement of any security interest in any
Collateral or additional property to become Collateral for the benefit of the Secured Parties or as required by local law to give
effect to, or protect any security interest for benefit of the Secured Parties, in any property or so that the security interests
therein comply with applicable law or this Agreement or in each case to otherwise enhance the rights or benefits of any Lender
under any Loan Document or (y) any Applicable Intercreditor Agreement, in each case, with the holders of Indebtedness permitted
by this Agreement to be secured by the Collateral. Without limitation of the foregoing, the Borrower may, without the consent of
any Lenders, upon delivery to the Administrative Agent (i) increase the interest rates (including any interest rate margins or
interest rate floors), fees and other amounts payable to any Class or Classes of Lenders hereunder, (ii) increase, expand and/or
extend the call protection provisions and any “most favored nation” provisions benefiting any Class or Classes of Lenders
hereunder (including, for the avoidance of doubt, the provisions of Sections 2.05(a)(iv) and 2.14(b)(ii) hereof)
and/or (iii) with the consent of the Administrative Agent, modify any other provision hereunder or under any other Loan Document
in a manner, as determined by the Administrative Agent in its sole discretion, more favorable to the then-existing Lenders or Class
or Classes of Lenders, in each case in connection with the issuance or incurrence of any Incremental Facilities or other Indebtedness
permitted hereunder, where the terms of any such Incremental Facilities or other Indebtedness are more favorable to the lenders
thereof than the corresponding terms applicable to other Loans or Term Commitments then existing hereunder, and it is intended
that one or more then-existing Classes of Loans or Term Commitments under this Agreement share in the benefit of such more favorable
terms in order to comply with the provisions hereof relating to the incurrence of such Incremental Facilities or other Indebtedness;
provided that the Administrative Agent will have at least five Business Days (or such shorter period to which the Administrative
Agent may consent in its reasonable discretion) after written notice from the Borrower to provide such consent and may, in its
sole discretion, provide written notice to the Lenders regarding any such proposed amendment.

 

Section
10.02                 Notices and Other
Communications; Facsimile Copies.

 

(a)               
General. Unless otherwise expressly provided herein, all notices and other communications provided for hereunder
or under any other Loan Document shall be in writing (including by facsimile transmission). All such written notices shall be mailed,
faxed or delivered to the applicable address, facsimile number or electronic mail address, and all notices and other communications
expressly permitted hereunder to be given by telephone shall be made to the applicable telephone number, as follows:

 

(i)                
if to the Borrower or the Administrative Agent, to the address, facsimile number, electronic mail address or telephone number
specified for such Person on Schedule 10.02 or to such other address, facsimile number, electronic mail address or telephone
number as shall be designated by such party in a notice to the other parties; and

 

(ii)              
if to any other Lender, to the address, facsimile number, electronic mail address or telephone number specified in its Administrative
Questionnaire or to such other address, facsimile number, electronic mail address or telephone number as shall be designated by
such party in a written notice to the Borrower and the Administrative Agent.

 

All
such notices and other communications shall be deemed to be given or made upon the earlier to occur of (i) actual receipt by the
relevant party hereto and (ii) (A) if delivered by hand or by courier, when signed for by or on behalf of the relevant party hereto;
(B) if delivered by mail, four (4) Business Days after deposit in the mails, postage prepaid; (C) if delivered by facsimile, when
sent and receipt has been confirmed by telephone; and (D) if delivered by electronic mail (which form of delivery is subject to
the provisions of Section 10.02(b)), when delivered; provided that notices and other communications to the
Administrative Agent pursuant to Article II shall not be effective until actually received by such Person during the person’s
normal business hours. In no event shall a voice mail message be effective as a notice, communication or confirmation hereunder.

 

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

 

Unless the Administrative
Agent otherwise prescribes, (i) notices and other communications sent to an e-mail address shall be deemed received upon the sender’s
receipt of an acknowledgement from the intended recipient (such as by the “return receipt requested” function, as available,
return e-mail or other written acknowledgement), provided that if such notice or other communication is not sent during
the normal business hours of the recipient, such notice or communication shall be deemed to have been sent at the opening of business
on the next business day for the recipient, and (ii) notices or communications posted to an Internet or intranet website shall
be deemed received upon the deemed receipt by the intended recipient at its e-mail address as described in the foregoing clause
(i) of notification that such notice or communication is available and identifying the website address therefor.

 

(c)               
The Platform. THE PLATFORM IS PROVIDED “AS IS” AND “AS AVAILABLE.” THE AGENT PARTIES (AS
DEFINED BELOW) DO NOT WARRANT THE ACCURACY OR COMPLETENESS OF THE BORROWER MATERIALS OR THE ADEQUACY OF THE PLATFORM, AND EXPRESSLY
DISCLAIM LIABILITY FOR ERRORS IN OR OMISSIONS FROM THE BORROWER MATERIALS. NO WARRANTY OF ANY KIND, EXPRESS, IMPLIED OR STATUTORY,
INCLUDING ANY WARRANTY OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, NON-INFRINGEMENT OF THIRD PARTY RIGHTS OR FREEDOM
FROM VIRUSES OR OTHER CODE DEFECTS, IS MADE BY ANY AGENT PARTY IN CONNECTION WITH THE BORROWER MATERIALS OR THE PLATFORM. In no
event shall the Administrative Agent, Lead Arrangers or any of their respective Agent-Related Persons (collectively, the “Agent
Parties”) have any liability to the Loan Parties, any Lender, or any other Person for losses, claims, damages, liabilities
or expenses of any kind (whether in tort, contract or otherwise) arising out of the Borrower’s or the Administrative Agent’s
transmission of Borrower Materials through the Internet, except to the extent that such losses, claims, damages, liabilities or
expenses are determined by a court of competent jurisdiction by a final and non-appealable judgment to have resulted from the gross
negligence or willful misconduct of such Agent Party; provided, however, that in no event shall any Agent Party have
any liability to any Loan Party, any Lender, or any other Person for indirect, special, incidental, consequential or punitive damages
(as opposed to direct or actual damages).

 

(d)               
Change of Address, Etc. Each of the Parents, the Borrower and the Administrative Agent may change its address, telecopier
or telephone number for notices and other communications hereunder by notice to the other parties hereto. Each other Lender may
change its address, facsimile or telephone number for notices and other communications hereunder by notice to the Borrower and
the Administrative Agent. In addition, each Lender agrees to notify the Administrative Agents from time to time to ensure that
the Administrative Agent has on record (i) an effective address, contact name, telephone number, telecopier number and electronic
mail address to which notices and other communications may be sent and (ii) accurate wire instructions for such Lender. Furthermore,
each Public Lender agrees to cause at least one individual at or on behalf of such Public Lender to at all times have selected
the “Private Side Information” or similar designation on the content declaration screen of the Platform in order to
enable such Public Lender or its delegate, in accordance with such Public Lender’s compliance procedures and applicable Law,
including United States Federal and state securities Laws, to make reference to Borrower Materials that are not made available
through the “Public Side Information” portion of the Platform and that may contain material non-public information
with respect to the Borrower or its securities for purposes of United States Federal or state securities laws.

 

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(e)               
Reliance by Agents and Lenders. The Administrative Agent and the Lenders shall be entitled to rely and act upon any
notices (including telephonic Committed Loan Notices) purportedly given by or on behalf of the Borrower even if (i) such notices
were not made in a manner specified herein, were incomplete or were not preceded or followed by any other form of notice specified
herein, or (ii) the terms thereof, as understood by the recipient, varied from any confirmation thereof. The Borrower shall indemnify
each Agent-Related Person and each Lender from all losses, costs, expenses and liabilities resulting from the reliance by such
Person on each notice purportedly given by or on behalf of the Borrower in the absence of gross negligence or willful misconduct.
All telephonic notices to the Administrative Agent may be recorded by the Administrative Agent and each of the parties hereto hereby
consents to such recording.

 

(f)                
Notice to other Loan Parties. The Borrower agree that notices to be given to any other Loan Party under this Agreement
or any other Loan Document may be given to the Borrower in accordance with the provisions of this Section 10.02 with the
same effect as if given to such other Loan Party in accordance with the terms hereunder or thereunder.

 

(g)               
Communications. Each Loan Party hereby agrees that it will provide to the Administrative Agent all information, documents
and other materials that it is obligated to furnish to the Administrative Agent pursuant to this Agreement and any other Loan Document,
including all notices, requests, financial statements, financial and other reports, certificates and other information materials,
but excluding any such communication (unless otherwise approved in writing by the Administrative Agent) that (i) relates to a request
for a new, or a conversion of an existing, Borrowing or other extension of credit (including any election of an interest rate or
interest period relating thereto), (ii) relates to the payment of any principal or other amount due under this Agreement prior
to the scheduled date therefor, (iii) [reserved], (iv) provides notice of any Default under this Agreement or (v) is required to
be delivered to satisfy any condition precedent to the effectiveness of this Agreement and/or any borrowing or other extension
of credit hereunder (all such non-excluded communications, collectively, the “Specified Communications”; and
all such excluded and non-excluded communications, the “Communications”), by transmitting the Specified Communications
in an electronic/soft medium in a format reasonably acceptable to the Administrative Agent at such e-mail address(es) provided
to the Borrowers from time to time or in such other form, including hard copy delivery thereof, as the Administrative Agent shall
require. In addition, each Loan Party agrees to continue to provide the Specified Communications to the Administrative Agent in
the manner specified in this Agreement or any other Loan Document or in such other form, including hard copy delivery thereof,
as the Administrative Agent shall reasonably request. Nothing in this Section 10.03 shall prejudice the right of the Agents,
any Lender or any Loan Party to give any notice or other communication pursuant to this Agreement or any other Loan Document in
any other manner specified in this Agreement or any other Loan Document or as any such Agent shall require.

 

Section
10.03                 No Waiver; Cumulative
Remedies. No failure by any Lender or the Administrative
Agent or Collateral Agent to exercise, and no delay by any such Person in exercising, any right, remedy, power or privilege hereunder
or under any other Loan Document shall operate as a waiver thereof; nor shall any single or partial exercise of any right, remedy,
power or privilege hereunder preclude any other or further exercise thereof or the exercise of any other right, remedy, power or
privilege. The rights, remedies, powers and privileges herein provided, and provided under each other Loan Document, are cumulative
and not exclusive of any rights, remedies, powers and privileges provided by Law.

 

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Section
10.04                 Attorney Costs
and Expenses. The Borrower agree (a) if the
Closing Date occurs, to pay or reimburse the Administrative Agent and the Lead Arrangers for all reasonable and documented or invoiced
out-of-pocket costs and expenses associated with the syndication of the Loans and Term Commitments and the preparation, execution
and delivery, administration, amendment, modification, waiver and/or enforcement of this Agreement and the other Loan Documents,
and any amendment, waiver, consent or other modification of the provisions hereof and thereof (whether or not the transactions
contemplated thereby are consummated), including all Attorney Costs of a single firm of counsel (and any other counsel retained
with the Borrower’s consent (such consent not to be unreasonably withheld or delayed)) and one local and foreign counsel
in each relevant jurisdiction, and (b) to pay or reimburse the Administrative Agent, the Lead Arrangers and each Lender for all
reasonable and documented out-of-pocket costs and expenses incurred in connection with the enforcement of any rights or remedies
under this Agreement or the other Loan Documents (including all costs and expenses incurred in connection with any workout or restructuring
in respect of the Loans, all such costs and expenses incurred during any legal proceeding, including any proceeding under any Debtor
Relief Law, and including all Attorney Costs of counsel to the Administrative Agent). The foregoing costs and expenses shall include
all reasonable search, filing, recording and title insurance charges and fees related thereto, and other reasonable and documented
out-of-pocket expenses incurred by any Agent. The agreements in this Section 10.04 shall survive the termination of the
Aggregate Commitments and repayment of all other Obligations. All amounts due under this Section 10.04 shall be paid within
ten (10) Business Days of receipt by the Borrower of an invoice relating thereto setting forth such expenses in reasonable detail.

 

Section
10.05                 Indemnification
by the Borrower. Whether or not the transactions
contemplated hereby are consummated, the Borrower shall indemnify and hold harmless each Agent-Related Person, each Lender, each
Lead Arranger and their respective Affiliates and their and their Affiliates’ respective partners, directors, officers, employees,
counsel, agents, advisors, and other representatives (collectively, the “Indemnitees”) from and against any
and all losses, liabilities, damages, claims, and reasonable and documented or invoiced out-of-pocket fees and expenses (including
reasonable Attorney Costs of one counsel for all Indemnitees and, if necessary, one firm of local counsel in each appropriate jurisdiction
(which may include a single special counsel acting in multiple jurisdictions) for all Indemnitees (and, in the case of an actual
or perceived conflict of interest, where the Indemnitee affected by such conflict informs the Borrower of such conflict and thereafter
retains its own counsel, of another firm of counsel for such affected Indemnitee)) of any such Indemnitee arising out of or relating
to any claim or any litigation or other proceeding (regardless of whether such Indemnitee is a party thereto and whether or not
such proceedings are brought by the Borrower, its equity holders, its Affiliates, creditors or any other third person) that relates
to the Transaction, including the financing contemplated hereby, of any kind or nature whatsoever which may at any time be imposed
on, incurred by or asserted against any such Indemnitee in any way relating to or arising out of or in connection with (a) the
execution, delivery, enforcement, performance or administration of any Loan Document or any other agreement, letter or instrument
delivered in connection with the transactions contemplated thereby or the consummation of the transactions contemplated thereby,
(b) any Term Commitment, Loan or the use or proposed use of the proceeds therefrom, or (c) any actual or alleged presence or Release
or threat of Release of Hazardous Materials on, at, under or from any property currently or formerly owned, leased or operated
by the Borrower, any other Loan Party or any of their respective Subsidiaries, or any Environmental Liability related in any way
to the Borrower, any other Loan Party or any of their respective Subsidiaries, or (d) any actual or prospective claim, litigation,
investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory (including any
investigation of, preparation for, or defense of any pending or threatened claim, investigation, litigation or proceeding) (all
the foregoing, collectively, the “Indemnified Liabilities”), in all cases, whether or not caused by or arising,
in whole or in part, out of the negligence of the Indemnitee; provided that such indemnity shall not, as to any Indemnitee,
be available to the extent that such liabilities, obligations, losses, damages, penalties, claims, demands, actions, judgments,
suits, costs, expenses or disbursements resulted from (x) the gross negligence, bad faith or willful misconduct of such Indemnitee
or of any of its controlled Affiliates or controlling Persons or any of the partners, officers, directors, employees, agents, advisors
or members of any of the foregoing, in each case who are involved in or aware of the Transaction (as determined by a court of competent
jurisdiction in a final and non-appealable decision), (y) a material breach of the Loan Documents by such Indemnitee or one of
its Affiliates (as determined by a court of competent jurisdiction in a final and non-appealable decision) or (z) disputes solely
between and among such Indemnitees to the extent such disputes do not arise from any act or omission of the Borrower or any of
their Affiliates (other than with respect to a claim against an Indemnitee acting in its capacity as an Agent or Lead Arranger
or similar role under the Loan Documents unless such claim arose from the gross negligence, bad faith or willful misconduct of
such Indemnitee (as determined by a court of competent jurisdiction in a final and non-appealable decision)). No Indemnitee shall
be liable for any damages arising from the use by others of any information or other materials obtained through IntraLinks or other
similar information transmission systems in connection with this Agreement, nor shall any Indemnitee or any Loan Party have any
liability for any special, punitive, indirect or consequential damages relating to this Agreement or any other Loan Document or
arising out of its activities in connection herewith or therewith (whether before or after the Closing Date); provided that the
foregoing shall not limit any Loan Party’s indemnification obligations hereunder. In the case of an investigation, litigation
or other proceeding to which the indemnity in this Section 10.05 applies, such indemnity shall be effective whether or not
such investigation, litigation or proceeding is brought by any Loan Party, its directors, managers, partners, stockholders or creditors
or an Indemnitee or any other Person, whether or not any Indemnitee is otherwise a party thereto and whether or not any of the
transactions contemplated hereunder or under any of the other Loan Documents is consummated. All amounts due under this Section
10.05 shall be paid within ten (10) Business Days after demand therefor; provided, however, if the Borrower has
reimbursed any Indemnitee for any legal or other expenses in connection with any Indemnified Liabilities and there is a final non-appealable
judgment of a court of competent jurisdiction that the Indemnitee was not entitled to indemnification or contribution with respect
to such Indemnified Liabilities pursuant to the express terms of this Section 10.05, then the Indemnitee shall promptly
refund such expenses paid by the Borrower to the Indemnitee. The agreements in this Section 10.05 shall survive the resignation
of the Administrative Agent, the replacement of any Lender, the termination of the Aggregate Commitments and the repayment, satisfaction
or discharge of all the other Obligations. For the avoidance of doubt, this Section 10.05 shall not apply to Taxes other
than Taxes that represent liabilities, obligations, losses, damages, etc., with respect to a non-Tax claim.

 

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Section
10.06                 Payments Set Aside.
To the extent that any payment by or on behalf of the Borrower is made to any Agent or any Lender, or any Agent or any Lender
exercises its right of setoff, and such payment or the proceeds of such setoff or any part thereof is subsequently invalidated,
declared to be fraudulent or preferential, set aside or required (including pursuant to any settlement entered into by such Agent
or such Lender in its discretion) to be repaid to a trustee, receiver or any other party, in connection with any proceeding under
any Debtor Relief Law or otherwise, then (a) to the extent of such recovery, the obligation or part thereof originally intended
to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such setoff had
not occurred, and (b) each Lender severally agrees to pay to the Administrative Agent upon demand its applicable share of any amount
so recovered from or repaid by any Agent, plus interest thereon from the date of such demand to the date such payment is made at
a rate per annum equal to the Federal Funds Rate (or if the Federal Funds Rate is not available, a rate determined by the Administrative
Agent in accordance with banking industry rules on interbank compensation).

 

Section
10.07                 Successors and
Assigns.

 

(a)             
The provisions of this Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective
successors and assigns permitted hereby, except as otherwise provided herein (including without limitation as permitted under Section
7.04), neither the Parents nor any of their respective Subsidiaries may assign or otherwise transfer any of its rights or obligations
hereunder without the prior written consent of each Lender and no Lender may assign or otherwise transfer any of its rights or
obligations hereunder except (i) to an Eligible Assignee, (ii) by way of participation in accordance with the provisions of Section
10.07(e), (iii) by way of pledge or assignment of a security interest subject to the restrictions of Section 10.07(g)
or (iv) to an SPC in accordance with the provisions of Section 10.07(h) (and any other attempted assignment or transfer
by any party hereto (other than to any Disqualified Lender) shall be null and void). Nothing in this Agreement, expressed or implied,
shall be construed to confer upon any Person (other than the parties hereto, their respective successors and assigns permitted
hereby, Participants to the extent provided in Section 10.07(e) and, to the extent expressly contemplated hereby, the Indemnitees)
any legal or equitable right, remedy or claim under or by reason of this Agreement.

 

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(b)            
(i) Subject to the conditions set forth in paragraph (b)(ii) below, any Lender may assign to one or more assignees
(“Assignees”) all or a portion of its rights and obligations under this Agreement (including all or a portion
of its Term Commitment and the Loans at the time owing to it) with the prior written consent (such consent not to be unreasonably
withheld or delayed) of:

 

(A)             
the Borrower; provided that, (I) no consent of the Borrower shall be required for an assignment (1) of any Term Loan to
any other Lender, any Affiliate of a Lender or any Approved Fund or (2) if a Specified Event of Default has occurred and is continuing,
to any Assignee and (II) the Borrower shall be deemed to have consented to any such assignment of any Term Loan unless it shall
object thereto by written notice to the Administrative Agent within fifteen (15ten
(10) Business Days after having received notice thereof; and

 

(B)             
the Administrative Agent; provided that no consent of the Administrative Agent shall be required for an assignment of all
or any portion of a Term Loan to another Lender, an Affiliate of a Lender or an Approved Fund.

 

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

 

(A)              except in the case of an assignment
to a Lender or an Affiliate of a Lender or an Approved Fund or an assignment of the entire remaining amount of the assigning Lender’s
Term Commitment or Loans of any Class, the amount of the Term Commitment or Loans of the assigning Lender subject to each such
assignment (determined as of the date the Assignment and Assumption with respect to such assignment is delivered to the Administrative
Agent) shall not be less than $1,000,000 unless the Borrower and the Administrative Agent otherwise consent; provided that
(1) no such consent of the Borrower shall be required if a Specified Event of Default has occurred and is continuing and (2) such
amounts shall be aggregated in respect of each Lender and its Affiliates or Approved Funds, if any;

 

(B)               the parties to each assignment shall execute
and deliver to the Administrative Agent an Assignment and Assumption;

 

(C)              (1) the Assignee, if it shall not be a
Lender, shall deliver to the Administrative Agent an Administrative Questionnaire and any documentation required by Section
3.01(f) and (2) the Assignee shall have delivered to the Administrative Agent all documentation and other information that
the Administrative Agent reasonably requests in order to comply with its ongoing obligations under applicable “know your
customer”, and anti-money laundering rules and regulations, including the USA PATRIOT Act;

 

(D)              the Assignee shall not be a natural
person, or a Disqualified Lender (and such Assignee shall be required to represent that it is not a Disqualified Lender or an Affiliate
of a Disqualified Lender that would constitute a Disqualified Lender but for the fact that it is not readily identifiable as such
on the basis of its name); provided that the list of Disqualified Lenders shall not be posted or otherwise distributed to
the Lenders, prospective Lenders and prospective assignees;

 

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(E)               the Assignee shall not be a Defaulting
Lender; and

 

(F)               in case of an assignment to an Affiliated
Lender, (1) after giving effect to such assignment and to all other assignments with all Affiliated Lenders, the aggregate principal
amount (without duplication) of all Term Loans and Term Commitments then held by all Affiliated Lenders (other than Affiliated
Debt Funds) shall not exceed 25% of the aggregate unpaid principal amount of the Term Loans then outstanding (determined at the
time of such purchase), (2) any Loans and Term Commitments assigned to, or purchased by, any Parent or any of their Subsidiaries
shall be canceled promptly upon such assignment, (3) in the event that any proceeding under the Bankruptcy Code shall be instituted
by or against the Borrower or any other Guarantor, each Affiliated Lender shall acknowledge and agree that they are each “insiders”
under Section 101(31) of the Bankruptcy Code and, as such, the claims associated with the Loans and Term Commitments owned
by it shall not be included in determining whether the applicable class of creditors holding such claims has voted to accept a
proposed plan for purposes of Section 1129(a)(10) of the Bankruptcy Code, or, alternatively, to the extent that the foregoing
designation is deemed unenforceable for any reason, each Affiliated Lender shall vote in such proceedings in the same proportion
as the allocation of voting with respect to such matter by those Lenders who are not Affiliated Lenders, except to the extent that
any plan of reorganization proposes to treat the Obligations held by such Affiliated Lender in a manner that is less favorable
in any material respect to such Affiliated Lender than the proposed treatment of similar Obligations held by Lenders that are not
Affiliated Lenders; provided that this clause (3) shall not apply to Affiliated Debt Funds, (4) such Affiliated Lender
(other than Affiliated Debt Fund) will not receive information provided solely to Lenders and will not be permitted to attend or
participate in (or receive any notice of) Lender meetings or conference calls and will not be entitled to challenge the Administrative
Agent’s and the Lenders’ attorney-client privilege as a result of their status as Affiliated Lenders and (5) notwithstanding
anything to the contrary contained herein, any such Loans acquired by an Affiliated Lender (other than the Borrower) may, with
the consent of the Borrower, be contributed to the Borrower (whether through any of its direct or indirect parent entities or otherwise)
and exchanged for debt or equity securities of any Parent or such other direct or indirect parent that are otherwise permitted
to be issued at such time, provided that such Loans shall be canceled promptly upon such contribution;

 

(G)               notwithstanding anything in Section
10.01 or the definition of “Required Lenders” to the contrary, for purposes of determining whether the Required
Lenders have (x) consented (or not consented) to any amendment, modification, waiver, consent or other action with respect to any
of the terms of any Loan Document or any departure by any Loan Party therefrom, (y) otherwise acted on any matter related to any
Loan Document or (z) directed or required the Administrative Agent or any Lender to undertake any action (or refrain from taking
any action) with respect to or under any Loan Document, all Loans and Term Commitments held by Affiliated Debt Funds may not account
for more than 49.9% (pro rata among such Affiliated Debt Funds) of the Loans and Term Commitments (without duplication) of consenting
Lenders included in determining whether the Required Lenders have consented to any action pursuant to Section 10.01;

 

(H)              a Parent and its Subsidiaries may
not purchase any Loans or Term Commitments so long as any Event of Default has occurred and is continuing;

 

(I)               any purchases by Affiliated Lenders shall
require that such Affiliated Lender clearly identify itself as an Affiliated Lender in any Assignment and Assumption executed in
connection with such purchases or sales and each such Assignment and Assumption shall contain customary “big boy” representations
but no requirement to make representations as to the absence of any material non-public information; and

 

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(J)         
       notwithstanding anything in Section 10.01 or the definition of “Required
Lenders” to the contrary, for purposes of determining whether the Required Lenders have (i) consented (or not
consented) to any amendment, modification, waiver, consent or other action with respect to any of the terms of any Loan
Document or any departure by any Loan Party therefrom (unless the action in question affects any Affiliated Lenders (other
than Affiliated Debt Funds) in a disproportionately adverse manner than its effect on the other Lenders), or any plan of
reorganization pursuant to the Bankruptcy Code, (ii) otherwise acted on any matter related to any Loan Document, or (iii)
directed or required the Administrative Agent or any Lender to undertake any action (or refrain from taking any action) with
respect to or under any Loan Document, no Affiliated Lender (other than Affiliated Debt Fund) shall have any right to consent
(or not consent), otherwise act or direct or require the Administrative Agent or any Lender to take (or refrain from taking)
any such action and:

 

(1)               all Loans and Term Commitments held by
any Affiliated Lenders (other than Affiliated Debt Funds) shall be deemed to be not outstanding for all purposes of calculating
whether the Required Lenders have taken any actions; and

 

(2)               all Loans and Term Commitments held by
Affiliated Lenders (other than Affiliated Debt Funds) shall be deemed to be not outstanding for all purposes of calculating whether
all Lenders have taken any action unless the action in question affects such Affiliated Lender in a disproportionately adverse
manner than its effect on other Lenders.

 

This
paragraph  (b)(b)
shall not prohibit any Lender from assigning all or a portion of its rights and obligations among separate Facilities
on a non- pro rata basis.

 

(c)            
Subject to acceptance and recording thereof by the Administrative Agent pursuant to Section 10.07(d) and receipt
by the Administrative Agent from the parties to each assignment of a processing and recordation fee of $3,500 (provided
that (x) the Administrative Agent may, in its sole discretion, elect to waive such processing and recordation fee in the case of
any assignment and (y) such processing and recordation fee shall not be payable in the case of assignments by any Affiliate of
the Lead Arrangers), from and after the effective date specified in each Assignment and Assumption, the Eligible Assignee thereunder
shall be a party to this Agreement and, to the extent of the interest assigned by such Assignment and Assumption, have the rights
and obligations of a Lender under this Agreement, and the assigning Lender thereunder shall, to the extent of the interest assigned
by such Assignment and Assumption, be released from its obligations under this Agreement (and, in the case of an Assignment and
Assumption covering all of the assigning Lender’s rights and obligations under this Agreement, such Lender shall cease to
be a party hereto but shall continue to be entitled to the benefits of Sections 3.01, 3.03, 3.04, 10.04
and 10.05 with respect to facts and circumstances occurring prior to the effective date of such assignment). Upon request,
and the surrender by the assigning Lender of its Term Note (if any), the Borrower (at its expense) shall execute and deliver a
Term Note to the assignee Lender. Any assignment or transfer by a Lender of rights or obligations under this Agreement that does
not comply with this clause (c) shall be treated for purposes of this Agreement as a sale by such Lender of a participation
in such rights and obligations in accordance with Section 10.07(e). For greater certainty, any assignment by a Lender pursuant
to this Section 10.07 shall not in any way constitute or be deemed to constitute a novation, discharge, recession, extinguishment
or substitution of the existing Indebtedness and any Indebtedness so assigned shall continue to be the same obligation and not
a new obligations.

 

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(d)            
The Administrative Agent, acting solely for this purpose as an agent of the Borrower, shall maintain at the Administrative
Agent’s Office a copy of each Assignment and Assumption delivered to it and a register for the recordation of the names and
addresses of the Lenders, and the Term Commitments of, and principal amounts (and related interest amounts) of the Loans, owing
to, each Lender pursuant to the terms hereof from time to time (the “Register”). The entries in the Register
shall be conclusive, absent demonstrable error, and the Borrower, the Agents and the Lenders shall treat each Person whose name
is recorded in the Register pursuant to the terms hereof as a Lender hereunder for all purposes of this Agreement, notwithstanding
notice to the contrary. The Register is intended to ensure that all Loans are at all times maintained in “registered form”
within the meaning of Section 5f.103(c) of the United States Treasury Regulations and, if different, under Section 871(h) or 881(c)
of the Code. The Register shall be available for inspection by the Borrower, any Agent and any Lender (with respect to its own
interests only), at any reasonable time and from time to time upon reasonable prior notice.

 

(e)            
Any Lender may at any time, without the consent of, or notice to, the Borrower or the Administrative Agent, sell participations
to any Person (other than a natural person, an Affiliated Lender (but excluding any Affiliated Debt Funds) or, so long as whether
a prospective participant is a Disqualified Lender may be communicated to a Lender upon request, a Disqualified Lender) (each,
a “Participant”) in all or a portion of such Lender’s rights and/or obligations under this Agreement (including
all or a portion of its Term Commitment and/or the Loans owing to it); provided that (i) such Lender’s obligations
under this Agreement shall remain unchanged, (ii) such Lender shall remain solely responsible to the other parties hereto for the
performance of such obligations and (iii) the Borrower, the Agents and the other Lenders shall continue to deal solely and directly
with such Lender in connection with such Lender’s rights and obligations under this Agreement. Any agreement or instrument
pursuant to which a Lender sells such a participation shall provide that such Lender shall retain the sole right to enforce this
Agreement and the other Loan Documents and to approve any amendment, modification or waiver of any provision of this Agreement
or the other Loan Documents; provided that such agreement or instrument may provide that such Lender will not, without the
consent of the Participant, agree to any amendment, waiver or other modification described in Section 10.01(a), (b),
(c), (d), (e) or (f) that directly affects such Participant. Subject to Section 10.07(f), the
Borrower agree that each Participant shall be entitled to the benefits of Sections 3.01, 3.03 and 3.04 (through
the applicable Lender), subject to the requirements and limitations of such Sections (including Section 3.01(f)) and Sections
3.05 and 3.06, to the same extent as if it were a Lender and had acquired its interest by assignment pursuant to Section
10.07(b) (provided that any documentation required to be provided under Section 3.01(f) shall be provided solely to
the participating Lender. To the extent permitted by applicable Law, each Participant also shall be entitled to the benefits of
Section 10.09 as though it were a Lender; provided that such Participant agrees to be subject to Section 2.13
as though it were a Lender. Any Lender that sells participations and any Granting Lender shall maintain a register on which it
enters the name and the address of each Participant or SPC and the principal amounts and related interest amounts of each Participant’s
or SPC’s interest in the Term Commitments and/or Loans (or other rights or obligations) held by it (the “Participant
Register”). The entries in the Participant Register shall be conclusive, absent demonstrable error, and such Lender shall
treat each person whose name is recorded in the Participant Register as the owner of such participation interest or granted Loan
as the owner thereof for all purposes notwithstanding any notice to the contrary. In maintaining the Participant Register, such
Lender shall be acting as the non-fiduciary agent of the Borrower solely for this purpose (without limitation, in no event shall
such Lender be a fiduciary of the Borrower for any purpose). No Lender shall have any obligation to disclose all or any portion
of a Participant Register to any Person (including the identity of any Participant or any information relating to a Participant’s
interest in any commitments, loans, or its other obligations under this Agreement) except to the extent that such disclosure is
necessary to establish that such commitment, loan, or other obligation is in registered form under Section 5f.103(c) of the United
States Treasury Regulations and, if different, under Section 871(h) or 881(c) of the Code.

 

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(f)             
A Participant shall not be entitled to receive any greater payment under Section 3.01, 3.03 or 3.04
than the applicable Lender would have been entitled to receive with respect to the participation sold to such Participant.

 

(g)            
Any Lender may at any time pledge or assign a security interest in all or any portion of its rights under this Agreement
(including under its Term Note, if any) to secure obligations of such Lender, including any pledge or assignment to secure obligations
to a Federal Reserve Bank or other central bank; provided that no such pledge or assignment shall release such Lender from
any of its obligations hereunder or substitute any such pledgee or assignee for such Lender as a party hereto.

 

(h)           
Notwithstanding anything to the contrary contained herein, any Lender (a “Granting Lender”) may grant
to a special purpose funding vehicle identified as such in writing from time to time by the Granting Lender to the Administrative
Agent and the Borrower (an “SPC”) the option to provide all or any part of any Loan that such Granting Lender
would otherwise be obligated to make pursuant to this Agreement; provided that (i) nothing herein shall constitute a commitment
by any SPC to fund any Loan and (ii) if an SPC elects not to exercise such option or otherwise fails to make all or any part of
such Loan, the Granting Lender shall be obligated to make such Loan pursuant to the terms hereof. Each party hereto hereby agrees
that (i) an SPC shall be entitled to the benefit of Sections 3.01, 3.03 and 3.04, subject to the requirements
and limitations of such Sections (including Section 3.01(e) and (f) and Sections 3.05 and 3.06), to
the same extent as if such SPC were a Lender, but neither the grant to any SPC nor the exercise by any SPC of such option shall
increase the costs or expenses or otherwise increase or change the obligations of the Borrower under this Agreement (including
its obligations under Section 3.01, 3.03 or 3.04) except to the extent any entitlement to greater amounts
results from a Change in Law after the grant to the SPC occurred, (ii) no SPC shall be liable for any indemnity or similar payment
obligation under this Agreement for which a Lender would be liable and such liability shall remain with the Granting Lender, and
(iii) the Granting Lender shall for all purposes, including the approval of any amendment, waiver or other modification of any
provision of any Loan Document, remain the lender of record hereunder. The making of a Loan by an SPC hereunder shall utilize the
Term Commitment of the Granting Lender to the same extent, and as if, such Loan were made by such Granting Lender. Notwithstanding
anything to the contrary contained herein, any SPC may (i) with notice to, but without prior consent of the Borrower and the Administrative
Agent, assign all or any portion of its right to receive payment with respect to any Loan to the Granting Lender and (ii) disclose
on a confidential basis any non-public information relating to its funding of Loans to any rating agency, commercial paper dealer
or provider of any surety or Guarantee Obligation or credit or liquidity enhancement to such SPC.

 

(i)             
Notwithstanding anything to the contrary contained herein, (1) any Lender may in accordance with applicable Law create a
security interest in all or any portion of the Loans owing to it and the Term Note, if any, held by it and (2) any Lender that
is a Fund may create a security interest in all or any portion of the Loans owing to it and the Term Note, if any, held by it to
the trustee for holders of obligations owed, or securities issued, by such Fund as security for such obligations or securities;
provided that unless and until such trustee actually becomes a Lender in compliance with the other provisions of this Section
10.07, (i) no such pledge shall release the pledging Lender from any of its obligations under the Loan Documents and (ii) such
trustee shall not be entitled to exercise any of the rights of a Lender under the Loan Documents even though such trustee may have
acquired ownership rights with respect to the pledged interest through foreclosure or otherwise.

 

(j)            
No Agent-Related Person shall be responsible or have any liability for, or have any duty to ascertain, inquire into, monitor
or enforce, compliance with the provisions hereof relating to Disqualified Lenders; further, without limiting the generality of
the foregoing clause, no Agent-Related Person shall (x) be obligated to ascertain, monitor or inquire as to whether any Lender
or Participant or prospective Lender or Participant is a Disqualified Lender or (y) have any liability with respect to or arising
out of any assignment or participation of Loans, or disclosure of confidential information, to any Disqualified Lender.

 

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Section
10.08                 Confidentiality.
Each of the Agents and the Lenders agrees to maintain the confidentiality of the Information and to not use or disclose such information,
except that Information may be disclosed (a) to its Affiliates and its and its Affiliates’ partners, directors, officers,
employees, trustees, investment advisors, professionals and other experts or agents, including accountants, legal counsel, independent
auditors and other advisors (it being understood that the Persons to whom such disclosure is made will be informed of the confidential
nature of such Information and instructed to keep such Information confidential); (b) to the extent requested by any Governmental
Authority, to any pledgee referred to in Section 10.07(g); (c) to the extent required by applicable Laws or regulations
or by any subpoena or similar legal process; (d) to any other party to this Agreement; (e) subject to an agreement containing provisions
substantially the same as those of this Section 10.08 (or as may otherwise be reasonably acceptable to the Borrower), to
any pledgee referred to in Section 10.07(i), counterparty to a Swap Contract or Permitted Receivables Financing, Eligible
Assignee of or Participant in, or any prospective Eligible Assignee of or Participant in, any of its rights or obligations under
this Agreement; (f) with the written consent of the Borrower; (g) to the extent such Information becomes publicly available
other than as a result of a breach of this Section 10.08; (h) to any Governmental Authority or examiner regulating any Lender;
(i) to any rating agency when required by it (it being understood that, prior to any such disclosure, such rating agency shall
undertake to preserve the confidentiality of any Information relating to the Loan Parties received by it from such Lender); (j)
in connection with the exercise of any remedies hereunder or under any other Loan Document or any action or proceeding relating
to this Agreement or any other Loan Document or the enforcement of rights hereunder or thereunder; (k) to the extent that such
Information is received by such Lender or any of its Affiliates from a third party that is not, to such Lender’s knowledge,
subject to any contractual or fiduciary confidentiality obligations owing to the Borrower or any of its Affiliates; (l) to the
extent that such Information is independently developed by such Lender or any of its Affiliates; (m) to the extent consisting of
customary disclosure regarding portfolio holdings in any public filing by such Lender or (n) upon the request or demand of any
Governmental Authority or other regulatory authority having jurisdiction over the Agent or Lenders, as applicable, (in which case
the Agent or Lenders, as applicable, agree (except with respect to any audit or examination conducted by bank accountants or any
regulatory authority exercising examination or regulatory authority), to the extent practicable and not prohibited by applicable
law, rule or regulation, to inform the Borrower promptly thereof prior to disclosure). In addition, the Agents and the Lenders
may disclose the existence of this Agreement and information about this Agreement to market data collectors, similar service providers
to the lending industry, and service providers to the Agents and the Lenders in connection with the administration and management
of this Agreement, the other Loan Documents, the Term Commitments, and the Credit Extensions. For the purposes of this Section
10.08, “Information” means all information received from any Loan Party or its Affiliates or its Affiliates’
directors, managers, officers, employees, trustees, investment advisors or agents, relating to any Parent, the Borrower or any
of their Subsidiaries or their business, other than any such information that is available to any Agent or any Lender on a nonconfidential
basis and other than information pertaining to this Agreement routinely provided by arrangers to data service providers, including
league table providers, that serve the lending industry prior to disclosure by any Loan Party other than as a result of a breach
of this Section 10.08, including, without limitation, information delivered pursuant to Section 6.01, 6.02
or 6.03 hereof.

 

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Section
10.09                 Setoff.
In addition to any rights and remedies of the Lenders provided by Law, upon the occurrence and during the continuance of any Event
of Default, each Agent and its Affiliates and each Lender and its Affiliates is authorized at any time and from time to time, without
prior notice to the Borrower or any other Loan Party, any such notice being waived by the Borrower (on its own behalf and on behalf
of each Loan Party and its Subsidiaries) to the fullest extent permitted by applicable Law, to set off and apply any and all deposits
(general or special, time or demand, provisional or final) at any time held by, and other Indebtedness (in any currency) at any
time owing by, such Agent and its Affiliates and such Lender and its Affiliates, as the case may be, to or for the credit or the
account of the respective Loan Parties and their Subsidiaries against any and all Obligations owing to such Agent and its Affiliates
or such Lender and its Affiliates hereunder or under any other Loan Document, now or hereafter existing, irrespective of whether
or not such Agent, such Lender or such Affiliate shall have made demand under this Agreement or any other Loan Document and although
such Obligations may be contingent or unmatured or denominated in a currency different from that of the applicable deposit or Indebtedness.
Notwithstanding anything to the contrary contained herein, none of each Agent and its Affiliates and each Lender and its Affiliates
shall have a right to set off and apply any deposits held or other Indebtedness owing by such Agent or its Affiliates and such
Lender or its Affiliates, as the case may be, to or for the credit or the account of any Subsidiary of a Loan Party that is a Foreign
Subsidiary or a Foreign Holding Company. Each Lender agrees promptly to notify the Borrower and the Administrative Agent after
any such set off and application made by such Lender, as the case may be; provided that the failure to give such notice
shall not affect the validity of such setoff and application. The rights of each Agent and each Lender under this Section
10.09 are in addition to other rights and remedies (including other rights of setoff) that such Agent and such Lender may have.

 

Section
10.10                 Counterparts.
This Agreement and each other Loan Document may be executed in one or more counterparts, each of which shall be deemed an original,
but all of which together shall constitute one and the same instrument. Delivery by telecopier or other electronic transmission
of an executed counterpart of a signature page to this Agreement and each other Loan Document shall be effective as delivery of
an original executed counterpart of this Agreement and such other Loan Document. The Agents may also require that any such documents
and signatures delivered by telecopier or other electronic transmission be confirmed by a manually signed original thereof; provided
that the failure to request or deliver the same shall not limit the effectiveness of any document or signature delivered by telecopier
or other electronic transmission.

 

Section
10.11                 Integration.
This Agreement, together with the other Loan Documents and the Agent Fee Letter and Engagement Letter, comprises the complete and
integrated agreement of the parties on the subject matter hereof and thereof and supersedes all prior agreements, written or oral,
on such subject matter. In the event of any conflict between the provisions of this Agreement and those of any other Loan Document,
the provisions of this Agreement shall control; provided that the inclusion of supplemental rights or remedies in favor
of the Agents or the Lenders in any other Loan Document shall not be deemed a conflict with this Agreement. Each Loan Document
was drafted with the joint participation of the respective parties thereto and shall be construed neither against nor in favor
of any party, but rather in accordance with the fair meaning thereof.

 

Section
10.12                 Survival of Representations
and Warranties. All representations and warranties
made hereunder and in any other Loan Document or other document delivered pursuant hereto or thereto or in connection herewith
or therewith shall survive the execution and delivery hereof and thereof. Such representations and warranties have been or will
be relied upon by each Agent and each Lender, regardless of any investigation made by any Agent or any Lender or on their behalf
and notwithstanding that any Agent or any Lender may have had notice or knowledge of any Default at the time of any Credit Extension,
and shall continue in full force and effect as long as any Loan or any other Obligation hereunder shall remain unpaid. The provisions
of Sections 10.14 and 10.15 shall continue in full force and effect as long as any Loan or any
other Obligation hereunder shall remain unpaid or unsatisfied.

 

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Section
10.13                Severability.
If any provision of this Agreement or the other Loan Documents is held to be illegal, invalid or unenforceable, the legality,
validity and enforceability of the remaining provisions of this Agreement and the other Loan Documents shall not be affected or
impaired thereby. The invalidity of a provision in a particular jurisdiction shall not invalidate or render unenforceable such
provision in any other jurisdiction.

 

Section
10.14                 GOVERNING LAW,
JURISDICTION, SERVICE OF PROCESS.

 

(a)               
THIS AGREEMENT AND EACH OTHER LOAN DOCUMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAW OF THE STATE
OF NEW YORK (EXCEPT AS OTHERWISE EXPRESSLY PROVIDED THEREIN).

 

(b)               
EXCEPT AS SET FORTH IN THE FOLLOWING PARAGRAPH, ANY LEGAL ACTION OR PROCEEDING ARISING UNDER ANY LOAN DOCUMENT OR IN ANY
WAY CONNECTED WITH OR RELATED OR INCIDENTAL TO THE DEALINGS OF THE PARTIES HERETO OR ANY OF THEM WITH RESPECT TO ANY LOAN DOCUMENT,
OR THE TRANSACTIONS RELATED THERETO, IN EACH CASE WHETHER NOW EXISTING OR HEREAFTER ARISING, SHALL BE BROUGHT IN THE COURTS OF
THE STATE OF NEW YORK SITTING IN THE BOROUGH OF MANHATTAN OR OF THE UNITED STATES FOR THE SOUTHERN DISTRICT OF SUCH STATE (PROVIDED
THAT IF NONE OF SUCH COURTS CAN AND WILL EXERCISE SUCH JURISDICTION, SUCH EXCLUSIVITY SHALL NOT APPLY), AND BY EXECUTION AND DELIVERY
OF THIS AGREEMENT, THE BORROWER, EACH PARENT, EACH AGENT AND EACH LENDER CONSENTS, FOR ITSELF AND IN RESPECT OF ITS PROPERTY, TO
THE EXCLUSIVE JURISDICTION OF THOSE COURTS. THE BORROWER, EACH PARENT, EACH AGENT AND EACH LENDER IRREVOCABLY WAIVES ANY OBJECTION,
INCLUDING ANY OBJECTION TO THE LAYING OF VENUE OR BASED ON THE GROUNDS OF FORUM NON CONVENIENS, WHICH IT MAY NOW OR HEREAFTER HAVE
TO THE BRINGING OF ANY ACTION OR PROCEEDING IN SUCH JURISDICTION IN RESPECT OF ANY LOAN DOCUMENT OR OTHER DOCUMENT RELATED THERETO.

 

NOTHING IN THIS AGREEMENT
OR IN ANY OTHER LOAN DOCUMENT SHALL AFFECT ANY RIGHT THAT THE ADMINISTRATIVE AGENT, THE COLLATERAL AGENT OR ANY LENDER MAY
OTHERWISE HAVE TO BRING ANY ACTION OR PROCEEDING RELATING TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT AGAINST ANY LOAN
PARTY OR ITS PROPERTIES IN THE COURTS OF ANY JURISDICTION (I) FOR PURPOSES OF ENFORCING A JUDGMENT, (II) IN CONNECTION WITH EXERCISING
REMEDIES AGAINST THE COLLATERAL IN A JURISDICTION IN WHICH SUCH COLLATERAL IS LOCATED, (III) IN CONNECTION WITH ANY PENDING BANKRUPTCY,
INSOLVENCY OR SIMILAR PROCEEDING IN SUCH JURISDICTION OR (IV) TO THE EXTENT THE COURTS REFERRED TO IN THE PREVIOUS PARAGRAPH DO
NOT HAVE JURISDICTION OVER SUCH LEGAL ACTION OR PROCEEDING OR THE PARTIES OR PROPERTY SUBJECT THERETO.

 

Section
10.15                 WAIVER OF RIGHT
TO TRIAL BY JURY. EACH PARTY TO THIS AGREEMENT HEREBY
EXPRESSLY WAIVES TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW ANY RIGHT TO TRIAL BY JURY OF ANY CLAIM, DEMAND, ACTION OR CAUSE
OF ACTION ARISING UNDER ANY LOAN DOCUMENT OR IN ANY WAY CONNECTED WITH OR RELATED OR INCIDENTAL TO THE DEALINGS OF THE PARTIES
HERETO OR ANY OF THEM WITH RESPECT TO ANY LOAN DOCUMENT, OR THE TRANSACTIONS RELATED THERETO, IN EACH CASE WHETHER NOW EXISTING
OR HEREAFTER ARISING, AND WHETHER FOUNDED IN CONTRACT OR TORT OR OTHERWISE; AND EACH PARTY HEREBY AGREES AND CONSENTS THAT ANY
SUCH CLAIM, DEMAND, ACTION OR CAUSE OF ACTION SHALL BE DECIDED BY COURT TRIAL WITHOUT A JURY, AND THAT ANY PARTY TO THIS AGREEMENT
MAY FILE AN ORIGINAL COUNTERPART OR A COPY OF THIS SECTION 10.15 WITH ANY COURT AS WRITTEN EVIDENCE OF THE CONSENT
OF THE SIGNATORIES HERETO TO THE WAIVER OF THEIR RIGHT TO TRIAL BY JURY.

 

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Section
10.16                 Binding Effect.
This Agreement shall become effective when it shall have been executed by each of the Borrower and each Parent and the Administrative
Agent shall have been notified by each Lender that each such Lender has executed it and thereafter shall be binding upon and inure
to the benefit of the Borrower, each Parent, each Agent and each Lender and their respective successors and assigns, except that
the Borrower and the Parents shall not have the right to assign their rights hereunder or any interest herein without the prior
written consent of the Lenders except as permitted by Section 7.04.

 

Section
10.17                 Judgment Currency.
If, for the purposes of obtaining judgment in any court, it is necessary to convert a sum due hereunder or any other Loan Document
in one currency into another currency, the rate of exchange used shall be that at which in accordance with normal banking procedures
the Administrative Agent could purchase the first currency with such other currency on the Business Day preceding that on which
final judgment is given. The obligation of the Borrower in respect of any such sum due from it to the Administrative Agent or the
Lenders hereunder or under the other Loan Documents shall, notwithstanding any judgment in a currency (the “Judgment Currency”)
other than that in which such sum is denominated in accordance with the applicable provisions of this Agreement (the “Agreement
Currency”), be discharged only to the extent that on the Business Day following receipt by the Administrative Agent of
any sum adjudged to be so due in the Judgment Currency, the Administrative Agent may in accordance with normal banking procedures
purchase the Agreement Currency with the Judgment Currency. If the amount of the Agreement Currency so purchased is less than the
sum originally due to the Administrative Agent from the Borrower in the Agreement Currency, the Borrower agrees, as a separate
obligation and notwithstanding any such judgment, to indemnify the Administrative Agent or the Person to whom such obligation was
owing against such loss. If the amount of the Agreement Currency so purchased is greater than the sum originally due to the Administrative
Agent in such currency, the Administrative Agent agrees to return the amount of any excess to the Borrower (or to any other Person
who may be entitled thereto under applicable Law). 

 

Section
10.18                 Lender Action.
Each Lender agrees that it shall not take or institute any actions or proceedings, judicial or otherwise, for any right or remedy
against any Loan Party or any other obligor under any of the Loan Documents (including the exercise of any right of setoff, rights
on account of any banker’s lien or similar claim or other rights of self-help), or institute any actions or proceedings,
or otherwise commence any remedial procedures, with respect to any Collateral or any other property of any such Loan Party, without
the prior written consent of the Administrative Agent. The provisions of this Section 10.18 are for the sole benefit
of the Lenders and shall not afford any right to, or constitute a defense available to, any Loan Party.

 

Section
10.19                 Know-Your-Customer,
Etc. Each Lender shall, promptly following a request
by the Administrative Agent, provide all documentation and other information that the Administrative Agent reasonably requests
in order to comply with its ongoing obligations under applicable “know your customer” and anti-money laundering rules
and regulations, including the USA PATRIOT Act and the Beneficial Ownership Regulation. 

 

Section
10.20                 USA PATRIOT Act.
Each Lender hereby notifies the Borrower that, pursuant to the requirements of the USA PATRIOT Act, it is required to obtain, verify
and record information that identifies the Borrower and the Guarantors, which information includes the name and address of the
Borrower and the Guarantors and other information that will allow such Lender to identify the Borrower and the Guarantors in accordance
with the USA PATRIOT Act. 

 

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Section
10.21                 Applicable Intercreditor
Agreements. 

 

(a)               
Notwithstanding anything to the contrary in this Agreement or in any other Loan Document: (i) the Liens granted to the Collateral
Agent in favor of the Secured Parties pursuant to the Loan Documents and the exercise of any right related to any Collateral shall
be subject, in each case, to the terms the ABL Intercreditor Agreement, Term Intercreditor Agreement or any other Applicable Intercreditor
Agreement, (ii) in the event of any conflict between the express terms and provisions of this Agreement or any other Loan Document,
on the one hand, and the ABL Intercreditor Agreement, Term Intercreditor Agreement or any other Applicable Intercreditor Agreement,
on the other hand, the terms and provisions of the ABL Intercreditor Agreement, Term Intercreditor Agreement or any other Applicable
Intercreditor Agreement, as the case may be, shall control, and (iii) each Lender (and, by its acceptance of the benefits of any
Collateral Document, each other Secured Party) hereunder authorizes and instructs the Administrative Agent and Collateral Agent
to execute the ABL Intercreditor Agreement, Term Intercreditor Agreement or any other Applicable Intercreditor Agreement on behalf
of such Lender, and such Lender agrees to be bound by the terms thereof.

 

(b)               
Each Lender (and, by its acceptance of the benefits of any Collateral Document, each other Secured Party) hereunder authorizes
and instructs the Collateral Agent, as Collateral Agent and on behalf of such Lender or other Secured Party, to enter into one
or more intercreditor agreements from time to time and agrees that it will be bound by and will take no actions contrary to the
provisions thereof.

 

Section
10.22                 Obligations Absolute.
To the fullest extent permitted by applicable Law, all obligations of the Loan Parties hereunder shall be absolute and unconditional
irrespective of:

 

(a)               
any bankruptcy, insolvency, reorganization, arrangement, readjustment, composition, liquidation or the like of any Loan
Party;

 

(b)               
any lack of validity or enforceability of any Loan Document or any other agreement or instrument relating thereto against
any Loan Party;

 

(c)               
any change in the time, manner or place of payment of, or in any other term of, all or any of the Obligations, or any other
amendment or waiver of or any consent to any departure from any Loan Document or any other agreement or instrument relating thereto;

 

(d)               
any exchange, release or non-perfection of any other Collateral, or any release or amendment or waiver of or consent to
any departure from any guarantee, for all or any of the Obligations;

 

(e)               
any exercise or non-exercise, or any waiver of any right, remedy, power or privilege under or in respect hereof or any Loan
Document; or

 

(f)                
any other circumstances which might otherwise constitute a defense available to, or a discharge of, the Loan Parties.

 

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Section
10.23                 No Advisory or
Fiduciary Responsibility. In connection with all
aspects of each transaction contemplated hereby (including in connection with any amendment, waiver or other modification hereof
or of any other Loan Document), each of the Borrower and each Parent acknowledges and agrees, and acknowledges their Affiliates’
understanding, that: (i) (A) the arranging and other services regarding this Agreement provided by the Administrative Agent and
the Lead Arrangers are arm’s-length commercial transactions between the Borrower, each Parent and their respective
Affiliates, on the one hand, and the Administrative Agent and the Lead Arrangers, on the other hand, (B) each of the Borrower and
each Parent has consulted its own legal, accounting, regulatory and tax advisors to the extent it has deemed appropriate, and (C)
each of the Borrower and each Parent is capable of evaluating, and understands and accepts, the terms, risks and conditions of
the transactions contemplated hereby and by the other Loan Documents; (ii) (A) the Administrative Agent, each Lender and each Lead
Arranger each is and has been acting solely as a principal and, except as expressly agreed in writing by the relevant parties,
has not been, is not, and will not be acting as an advisor, agent or fiduciary for the Borrower, any Parent or any of their respective
Affiliates, or any other Person and (B) neither the Administrative Agent, nor any Lender or Lead Arranger has any obligation to
the Borrower, any Parent or any of their respective Affiliates with respect to the transactions contemplated hereby except those
obligations expressly set forth herein and in the other Loan Documents; and (iii) the Administrative Agent, each Lender and each
Lead Arranger and their respective Affiliates may be engaged in a broad range of transactions that involve interests that differ
from those of the Borrower, each Parent and their respective Affiliates, and neither the Administrative Agent nor any Lead Arranger
has any obligation to disclose any of such interests to the Borrower, any Parent or any of their respective Affiliates. To the
fullest extent permitted by law, each of the Borrower and each Parent hereby waives and releases any claims that it may have against
the Administrative Agent, each Lender and each Lead Arranger with respect to any breach or alleged breach of agency or fiduciary
duty in connection with any aspect of any transaction contemplated hereby.

 

Section
10.24                 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 and Assumptions, amendments or other Committed Loan 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; provided
that notwithstanding anything contained herein to the contrary the Administrative Agent is under no obligation to agree to accept
electronic signatures in any form or in any format unless expressly agreed to by the Administrative Agent pursuant to procedures
approved by it.

 

Section
10.25                 Acknowledgement
and Consent to Bail-In of Affected Financial Institutions.
Notwithstanding anything to the contrary in any Loan Document or in any other agreement, arrangement or understanding among any
such parties, each party hereto acknowledges that any liability of any Lender that is an Affected Financial Institution arising
under any Loan Document, to the extent such liability is unsecured, may be subject to the write-down and conversion powers of the
applicable Resolution Authority and agrees and consents to, and acknowledges and agrees to be bound by:

 

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

 

(b)               
the effects of any Bail-In Action on any such liability, including, if applicable:

 

(i)                
a reduction in full or in part or cancellation of any such liability;

 

(ii)              
a conversion of all or a portion of such liability into shares or other instruments of ownership in such Affected Financial
Institution, its parent undertaking, or a bridge institution that may be issued to it or otherwise conferred on it, and that such
shares or other instruments of ownership will be accepted by it in lieu of any rights with respect to any such liability under
this Agreement or any other Loan Document; or

 

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(iii)            
the variation of the terms of such liability in connection with the exercise of the write-down and conversion powers of
any the applicable Resolution Authority.

 

Section
10.26                 Lender Representation.
(a) Each Lender (x) represents and warrants, as of the date such Person became a Lender party hereto, to, and (y) covenants, from
the date such Person became a Lender party hereto to the date such Person ceases being a Lender party hereto, for the benefit of,
the Administrative Agent, and each Lead Arranger and their respective Affiliates, and not, for the avoidance of doubt, to or for
the benefit of the Borrower or any other Loan Party, that at least one of the following is and will be true: 

 

(i) such Lender is not using “plan
assets” (within the meaning of Section 3(42) of ERISA or otherwise) of one or more Benefit Plans with respect to such Lender’s
entrance into, participation in, administration of and performance of the Loan, the Term Commitments or this Agreement,

 

(ii) the transaction exemption
set forth in one or more PTEs, such as PTE 84-14 (a class exemption for certain transactions determined by independent qualified
professional asset managers), PTE 95-60 (a class exemption for certain transactions involving insurance company general accounts),
PTE 90-1 (a class exemption for certain transactions involving insurance company pooled separate accounts), PTE 91-38 (a class
exemption for certain transactions involving bank collective investment funds) or PTE 96-23 (a class exemption for certain transactions
determined by in-house asset managers), is applicable with respect to such Lender’s entrance into, participation in, administration
of and performance of the Loans, the Term Commitments and this Agreement,

 

(iii) (A) such Lender is an investment
fund managed by a “Qualified Professional Asset Manager” (within the meaning of Part VI of PTE 84-14), (B) such Qualified
Professional Asset Manager made the investment decision on behalf of such Lender to enter into, participate in, administer and
perform the Loans, the Term Commitments and this Agreement, (C) the entrance into, participation in, administration of and performance
of the Loans, the Term Commitments and this Agreement satisfies the requirements of sub-sections (b) through (g) of Part I of PTE
84-14 and (D) to the best knowledge of such Lender, the requirements of subsection (a) of Part I of PTE 84-14 are satisfied
with respect to such Lender’s entrance into, participation in, administration of and performance of the Loans, the Term Commitments
and this Agreement, or

 

(iv) such other representation,
warranty and covenant as may be agreed in writing between the Administrative Agent, in its sole discretion, and such Lender.

 

(b) In addition, unless either
(1) sub-clause (i) in the immediately preceding clause (a) is true with respect to a Lender or (2) a Lender has provided another
representation, warranty and covenant in accordance with sub-clause (iv) in the immediately preceding clause (a), such Lender further
(x) represents and warrants, as of the date such Person became a Lender party hereto, to, and (y) covenants, from the date such
Person became a Lender party hereto to the date such Person ceases being a Lender party hereto, for the benefit of, the Administrative
Agent and each Lead Arranger and their respective Affiliates, and not, for the avoidance of doubt, to or for the benefit of the
Borrower or any other Loan Party, that the Administrative Agent is not a fiduciary with respect to the assets of such Lender involved
in such Lender’s entrance into, participation in, administration of and performance of the Loans, the Term Commitments and
this Agreement (including in connection with the reservation or exercise of any rights by the Administrative Agent under this Agreement,
any Loan Document or any documents related to hereto or thereto).

 

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Section
10.27                 Acknowledgement
Regarding Any Supported QFCs. To the extent that
the Loan Documents provide support, through a guarantee or otherwise, for any Swap Contract or any other agreement or instrument
that is a QFC (such support, “QFC Credit Support”, and each such QFC, a “Supported QFC”),
the parties acknowledge and agree as follows with respect to the resolution power of the Federal Deposit Insurance Corporation
under the Federal Deposit Insurance Act and Title II of the Dodd-Frank Wall Street Reform and Consumer Protection Act (together
with the regulations promulgated thereunder, the “U.S. Special Resolution Regimes”) in respect of such Supported
QFC and QFC Credit Support (with the provisions below applicable notwithstanding that the Loan Documents and any Supported QFC
may in fact be stated to be governed by the laws of the State of New York and/or of the United States or any other state of the
United States): 

 

(a)               
In the event a Covered Entity that is party to a Supported QFC (each, a “Covered Party”) becomes subject
to a proceeding under a U.S. Special Resolution Regime, the transfer of such Supported QFC and the benefit of such QFC Credit Support
(and any interest and obligation in or under such Supported QFC and such QFC Credit Support, and any rights in property securing
such Supported QFC or such QFC Credit Support) from such Covered Party will be effective to the same extent as the transfer would
be effective under the U.S. Special Resolution Regime if the Supported QFC and such QFC Credit Support (and any such interest,
obligation and rights in property) were governed by the laws of the United States or a state of the United States. In the event
a Covered Party or a BHC Act Affiliate of a Covered Party becomes subject to a proceeding under a U.S. Special Resolution Regime,
Default Rights under the Loan Documents that might otherwise apply to such Supported QFC or any QFC Credit Support that may be
exercised against such Covered Party are permitted to be exercised to no greater extent than such Default Rights could be exercised
under the U.S. Special Resolution Regime if the Supported QFC and the Loan Documents were governed by the laws of the United States
or a state of the United States. Without limitation of the foregoing, it is understood and agreed that rights and remedies of the
parties with respect to a Defaulting Lender shall in no event affect the rights of any Covered Party with respect to a Supported
QFC or any QFC Credit Support.

 

(b)               
As used in this Section 10.27, the following terms have the following meanings:

 

“BHC
Act Affiliate” of a party means an “affiliate” (as such term is defined under, and interpreted in accordance
with, 12 U.S.C. 1841(k)) of such party.

 

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

 

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

 

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

 

    -160-

     

    

 

[THE REMAINDER OF THIS
PAGE IS INTENTIONALLY LEFT BLANK.]

 

    -161-

     

    

 

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

 

	 	UTZ
    QUALITY FOODS, LLC
	 	as the Borrower
	 	 
	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:
	 	 	 
	 	 
	 	UM-U
    INTERMEDIATE, LLC
	 	as
    a Parent
	 	 
	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:
	 	 	 
	 	 
	 	UM-r
    INTERMEDIATE, LLC
	 	as
    a Parent
	 	 
	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:
	 	 
	 	 
	 	srs
    lEASING, LLC
	 	as
    a Parent
	 	 
	 	 
	 	By:	                     
	 	 	Name:
	 	 	Title:

 

[Signature Page to Credit Agreement]

 

     

     

    

 

	 	BANK OF AMERICA, N.A.,
	 	as Administrative Agent and
    Collateral Agent
	 	 
	 	 
	 	By:	                     
	 	 	Name:
	 	 	Title:

 

[Signature Page to Credit Agreement]

 

     

     

    

 

	 	BANK OF AMERICA, N.A.,
	 	as a Lender
	 	 
	 	 
	 	By:	 
	 	 	Name:
	 	 	Title:

 

[Signature Page to Credit Agreement]EX-4.1

 Exhibit 4.1 

EXECUTION VERSION 
  

 
  

TRANSDIGM INC., 
 TRANSDIGM GROUP
INCORPORATED, 
 THE GUARANTORS party hereto 

and 
 THE BANK OF NEW YORK MELLON
TRUST COMPANY, N.A., as Trustee 
 INDENTURE 

Dated as of January 20, 2021 

4.625% Senior Subordinated Notes due 2029 
  

 
  

 CROSS-REFERENCE TABLE* 

 

							
	 Trust

Indenture

Act Section
	  	 Indenture

Section
	  	 
	 310
	 	(a)(1)	  	 7.10
	  	
		 	(a)(2)	  	 7.10
	  	
		 	(a)(3)	  	 N.A.
	  	
		 	(a)(4)	  	 N.A.
	  	
		 	(a)(5)	  	 7.10
	  	
		 	(b)	  	 7.10
	  	
		 	(c)	  	 N.A.
	  	
	 311
	 	(a)	  	 7.11
	  	
		 	(b)	  	 7.11
	  	
	 312
	 	(a)	  	 2.05
	  	
		 	(b)	  	 13.03
	  	
		 	(c)	  	 13.03
	  	
	 313
	 	(a)	  	 7.06
	  	
		 	(b)(2)	  	 7.06; 7.07
	  	
		 	(c)	  	 7.06; 13.02
	  	
		 	(d)	  	 7.06
	  	
	 314
	 	(a)	  	 4.03
	  	
		 	(a)(4)	  	 13.05
	  	
		 	(b)	  	 N.A.
	  	
		 	(c)(1)	  	 N.A.
	  	
		 	(c)(2)	  	 N.A.
	  	
		 	(c)(3)	  	 N.A.
	  	
		 	(d)	  	 N.A.
	  	
		 	(e)	  	 13.05
	  	
		 	(f)	  	 N.A.
	  	
	 315
	 	(a)	  	 N.A.
	  	
		 	(b)	  	 N.A.
	  	
		 	(c)	  	 N.A.
	  	
		 	(d)	  	 N.A.
	  	
		 	(e)	  	 N.A.
	  	
	 316
	 	(a)(1)(A)	  	 N.A.
	  	
		 	(a)(1)(B)	  	 N.A.
	  	
		 	(a)(2)	  	 N.A.
	  	
		 	(b)	  	 N.A.
	  	
	 317
	 	(a)(1)	  	 N.A.
	  	
		 	(a)(2)	  	 N.A.
	  	
	 318
	 	(a)	  	 N.A.
	  	
		 	(b)	  	 N.A.
	  	
		 	(c)	  	 13.01
	  	

 N.A. means not applicable. 

	*	 This Cross-Reference Table is not part of the Indenture. 

 Table of Contents 

Page 
 ARTICLE I 

DEFINITIONS AND INCORPORATION BY REFERENCE 
  

					
	 SECTION 1.01. Definitions.
	  	 	1	 
	 SECTION 1.02. Other Definitions.
	  	 	28	 
	 SECTION 1.03. Trust Indenture Act Definitions.
	  	 	29	 
	 SECTION 1.04. Rules of Construction.
	  	 	29	 

 ARTICLE II 

THE NOTES 
  

					
	 SECTION 2.01. Form and Dating.
	  	 	30	 
	 SECTION 2.02. Execution and Authentication.
	  	 	30	 
	 SECTION 2.03. Registrar and Paying Agent.
	  	 	31	 
	 SECTION 2.04. Paying Agent to Hold Money in Trust.
	  	 	32	 
	 SECTION 2.05. Holder Lists.
	  	 	32	 
	 SECTION 2.06. Transfer and Exchange.
	  	 	32	 
	 SECTION 2.07. Replacement Notes.
	  	 	34	 
	 SECTION 2.08. Outstanding Notes.
	  	 	34	 
	 SECTION 2.09. Treasury Notes.
	  	 	34	 
	 SECTION 2.10. Temporary Notes.
	  	 	35	 
	 SECTION 2.11. Cancellation.
	  	 	35	 
	 SECTION 2.12. Defaulted Interest.
	  	 	35	 
	 SECTION 2.13. CUSIP or ISIN Numbers.
	  	 	35	 
	 SECTION 2.14. Issuance of Additional Notes.
	  	 	36	 

 ARTICLE III 

REDEMPTION AND PREPAYMENT 
  

					
	 SECTION 3.01. Notices to Trustee.
	  	 	36	 
	 SECTION 3.02. Selection of Notes to Be Redeemed.
	  	 	36	 
	 SECTION 3.03. Notice of Redemption.
	  	 	37	 
	 SECTION 3.04. Effect of Notice of Redemption.
	  	 	38	 
	 SECTION 3.05. Deposit of Redemption Price.
	  	 	38	 
	 SECTION 3.06. Notes Redeemed in Part.
	  	 	38	 
	 SECTION 3.07. Optional Redemption.
	  	 	38	 
	 SECTION 3.08. No Mandatory Redemption; Open Market Purchases.
	  	 	39	 
	 SECTION 3.09. Offer to Purchase by Application of Net Proceeds Offer Amount.
	  	 	40	 

  
 ii 

 ARTICLE IV 

COVENANTS 
  

					
	 SECTION 4.01. Payment of Notes.
	  	 	42	 
	 SECTION 4.02. Maintenance of Office or Agency.
	  	 	42	 
	 SECTION 4.03. Reports.
	  	 	42	 
	 SECTION 4.04. Compliance Certificate.
	  	 	43	 
	 SECTION 4.05. [Intentionally Omitted].
	  	 	44	 
	 SECTION 4.06. Stay, Extension and Usury Laws.
	  	 	44	 
	 SECTION 4.07. Restricted Payments.
	  	 	44	 
	 SECTION 4.08. Dividend and Other Payment Restrictions Affecting Subsidiaries.
	  	 	50	 
	 SECTION 4.09. Incurrence of Indebtedness.
	  	 	51	 
	 SECTION 4.10. Asset Sales.
	  	 	51	 
	 SECTION 4.11. Transactions with Affiliates.
	  	 	53	 
	 SECTION 4.12. Liens.
	  	 	54	 
	 SECTION 4.13. Conduct of Business.
	  	 	55	 
	 SECTION 4.14. Corporate Existence.
	  	 	55	 
	 SECTION 4.15. Offer to Repurchase upon Change of Control.
	  	 	55	 
	 SECTION 4.16. No Senior Subordinated Debt.
	  	 	56	 
	 SECTION 4.17. Additional Guarantees.
	  	 	57	 
	 SECTION 4.18. Limitation on Preferred Stock of Restricted Subsidiaries.
	  	 	57	 
	 SECTION 4.19. Suspension of Covenants.
	  	 	58	 

 ARTICLE V 

SUCCESSORS 
  

					
	 SECTION 5.01. Merger, Consolidation or Sale of Assets.
	  	 	59	 
	 SECTION 5.02. Successor Corporation Substituted.
	  	 	62	 

 ARTICLE VI 

DEFAULTS AND REMEDIES 
  

					
	 SECTION 6.01. Events of Default.
	  	 	62	 
	 SECTION 6.02. Acceleration.
	  	 	64	 
	 SECTION 6.03. Other Remedies.
	  	 	64	 
	 SECTION 6.04. Waiver of Past Defaults.
	  	 	65	 
	 SECTION 6.05. Control by Majority.
	  	 	65	 
	 SECTION 6.06. Limitation on Suits.
	  	 	65	 
	 SECTION 6.07. Rights of Holders of Notes to Receive Payment.
	  	 	66	 
	 SECTION 6.08. Collection Suit by Trustee.
	  	 	66	 
	 SECTION 6.09. Trustee May File Proofs of Claim.
	  	 	66	 
	 SECTION 6.10. Priorities.
	  	 	66	 
	 SECTION 6.11. Undertaking for Costs.
	  	 	67	 

  
 iii 

 ARTICLE VII 

TRUSTEE 
  

					
	 SECTION 7.01. Duties of Trustee.
	  	 	67	 
	 SECTION 7.02. Rights of Trustee.
	  	 	68	 
	 SECTION 7.03. Individual Rights of Trustee.
	  	 	70	 
	 SECTION 7.04. Trustee’s Disclaimer.
	  	 	70	 
	 SECTION 7.05. Notice of Defaults.
	  	 	70	 
	 SECTION 7.06. Reports by Trustee to Holders of the Notes.
	  	 	70	 
	 SECTION 7.07. Compensation and Indemnity.
	  	 	71	 
	 SECTION 7.08. Replacement of Trustee.
	  	 	72	 
	 SECTION 7.09. Successor Trustee by Merger, etc.
	  	 	73	 
	 SECTION 7.10. Eligibility; Disqualification.
	  	 	73	 
	 SECTION 7.11. Preferential Collection of Claims Against the Company.
	  	 	73	 

 ARTICLE VIII 

LEGAL DEFEASANCE AND COVENANT DEFEASANCE 
  

					
	 SECTION 8.01. Option to Effect Legal Defeasance or Covenant Defeasance.
	  	 	73	 
	 SECTION 8.02. Legal Defeasance and Discharge.
	  	 	73	 
	 SECTION 8.03. Covenant Defeasance.
	  	 	74	 
	 SECTION 8.04. Conditions to Legal or Covenant Defeasance.
	  	 	74	 
	 SECTION 8.05. Deposited Money and Government Securities to Be Held in Trust; Other Miscellaneous
Provisions.
	  	 	76	 
	 SECTION 8.06. Satisfaction and Discharge.
	  	 	77	 
	 SECTION 8.07. Repayment to Company.
	  	 	77	 
	 SECTION 8.08. Reinstatement.
	  	 	77	 
	 SECTION 8.09. Survival.
	  	 	78	 

 ARTICLE IX 

AMENDMENT, SUPPLEMENT AND WAIVER 
  

					
	 SECTION 9.01. Without Consent of Holders of Notes.
	  	 	78	 
	 SECTION 9.02. With Consent of Holders of Notes.
	  	 	79	 
	 SECTION 9.03. Compliance with Trust Indenture Act.
	  	 	80	 
	 SECTION 9.04. Revocation and Effect of Consents.
	  	 	81	 
	 SECTION 9.05. Notation on, or Exchange of, Notes.
	  	 	81	 
	 SECTION 9.06. Trustee to Sign Amendments, etc.
	  	 	81	 

 ARTICLE X 

SUBORDINATION 
  

					
	 SECTION 10.01. Agreement to Subordinate.
	  	 	81	 

  
 iv 

					
	 SECTION 10.02. Liquidation, Dissolution, Bankruptcy.
	  	 	82	 
	 SECTION 10.03. Default on Senior Debt of the Company.
	  	 	82	 
	 SECTION 10.04. Acceleration of Payment of Notes.
	  	 	83	 
	 SECTION 10.05. When Distribution Must Be Paid Over.
	  	 	83	 
	 SECTION 10.06. Subrogation.
	  	 	83	 
	 SECTION 10.07. Relative Rights.
	  	 	83	 
	 SECTION 10.08. Subordination May Not Be Impaired by the Company.
	  	 	84	 
	 SECTION 10.09. Rights of Trustee and Paying Agent.
	  	 	84	 
	 SECTION 10.10. Distribution or Notice to Representative.
	  	 	84	 
	 SECTION 10.11. Not to Prevent Events of Default or Limit Right to Accelerate.
	  	 	84	 
	 SECTION 10.12. Trust Moneys Not Subordinated.
	  	 	85	 
	 SECTION 10.13. Trustee Entitled to Rely.
	  	 	85	 
	 SECTION 10.14. Trustee to Effectuate Subordination.
	  	 	85	 
	 SECTION 10.15. Trustee Not Fiduciary for Holders of Senior Debt of the Company.
	  	 	85	 
	 SECTION 10.16. Reliance by Holders of Senior Debt of the Company on Subordination
Provisions.
	  	 	86	 

 ARTICLE XI 

GUARANTEES 
  

					
	 SECTION 11.01. Guarantees.
	  	 	86	 
	 SECTION 11.02. Limitation on Liability.
	  	 	88	 
	 SECTION 11.03. Successors and Assigns.
	  	 	88	 
	 SECTION 11.04. No Waiver.
	  	 	88	 
	 SECTION 11.05. Modification.
	  	 	88	 
	 SECTION 11.06. [Intentionally Omitted].
	  	 	89	 
	 SECTION 11.07. Release of Guarantor.
	  	 	89	 
	 SECTION 11.08. Contribution.
	  	 	89	 

 ARTICLE XII 

SUBORDINATION OF GUARANTEES 
  

					
	 SECTION 12.01. Agreement to Subordinate.
	  	 	89	 
	 SECTION 12.02. Liquidation, Dissolution, Bankruptcy.
	  	 	90	 
	 SECTION 12.03. Default on Senior Debt of Guarantor.
	  	 	90	 
	 SECTION 12.04. Demand for Payment.
	  	 	91	 
	 SECTION 12.05. When Distribution Must Be Paid Over.
	  	 	91	 
	 SECTION 12.06. Subrogation.
	  	 	91	 
	 SECTION 12.07. Relative Rights.
	  	 	92	 
	 SECTION 12.08. Subordination May Not Be Impaired by the Company.
	  	 	92	 
	 SECTION 12.09. Rights of Trustee and Paying Agent.
	  	 	92	 
	 SECTION 12.10. Distribution or Notice to Representative.
	  	 	93	 
	 SECTION 12.11. Article 12 Not to Prevent Events of Default or Limit Right to Demand
Payment.
	  	 	93	 
	 SECTION 12.12. Trustee Entitled to Rely.
	  	 	93	 

  
 v 

					
	 SECTION 12.13. Trustee to Effectuate Subordination.
	  	 	93	 
	 SECTION 12.14. Trustee Not Fiduciary for Holders of Senior Debt of Guarantor.
	  	 	94	 
	 SECTION 12.15. Reliance by Holders of Senior Debt of Holdings or Guarantors on Subordination
Provisions.
	  	 	94	 

 ARTICLE XIII 

MISCELLANEOUS 
  

					
	 SECTION 13.01. Trust Indenture Act Controls.
	  	 	94	 
	 SECTION 13.02. Notices.
	  	 	94	 
	 SECTION 13.03. Communication by Holders of Notes with Other Holders of Notes.
	  	 	96	 
	 SECTION 13.04. Certificate and Opinion as to Conditions Precedent.
	  	 	96	 
	 SECTION 13.05. Statements Required in Certificate or Opinion.
	  	 	96	 
	 SECTION 13.06. Rules by Trustee and Agents.
	  	 	97	 
	 SECTION 13.07. No Personal Liability of Directors, Officers, Employees and Stockholders.
	  	 	97	 
	 SECTION 13.08. Governing Law.
	  	 	97	 
	 SECTION 13.09. No Adverse Interpretation of Other Agreements.
	  	 	97	 
	 SECTION 13.10. Successors.
	  	 	97	 
	 SECTION 13.11. Severability.
	  	 	97	 
	 SECTION 13.12. Counterpart Originals.
	  	 	97	 
	 SECTION 13.13. Table of Contents, Headings, etc.
	  	 	98	 
	 SECTION 13.14. Waiver of Trial by Jury.
	  	 	98	 
	 SECTION 13.15. Agreement to Provide Certain Tax-Related
Information to the Trustee.
	  	 	98	 
	 SECTION 13.16. Submission to Jurisdiction.
	  	 	98	 

 APPENDIX AND EXHIBITS 
  

			
	 RULE 144A/REGULATION S APPENDIX

		
	 Exhibit A
	  	 FORM OF INITIAL NOTE

		
	 Exhibit B
	  	 FORM OF EXCHANGE NOTE

  
 vi 

 INDENTURE dated as of January 20, 2021, among
TransDigm Inc., a Delaware corporation (the “Company”), TransDigm Group Incorporated, a Delaware corporation (“Holdings”), the Guarantors (as herein defined) party hereto and The Bank of New York
Mellon Trust Company, N.A., a national banking association, as trustee (the “Trustee”). 
 The
Company, Holdings, the Guarantors and the Trustee agree as follows for the benefit of each other and for the equal and ratable benefit of the Holders (as herein defined): 

ARTICLE I 
 DEFINITIONS
AND INCORPORATION BY REFERENCE 
 SECTION 1.01. Definitions. 

“2010 Transactions” means the closing of the Acquisition, offering of the 2018 Notes on
December 14, 2010, the borrowings made on December 14, 2010 pursuant to the Credit Facilities and the repayment of certain Indebtedness of the Company and Holdings with the proceeds of such borrowings and issuance of the
2018 Notes. 
 “2014 Transactions” means the offering of the 2022 Notes and the 2024 Notes on
June 4, 2014, the borrowings made on June 4, 2014 pursuant to the Credit Facilities and the repayment of the 2018 Notes with the proceeds of such offerings and borrowings. 

“2015 Transactions” means the offering of the 2025 Notes on May 14, 2015 and the borrowing by the
Company of up to $1,040,000,000 of term loans due 2022 pursuant to the Credit Facilities. 
 “2016
Transactions” means the offering of the 2026 Notes on June 9, 2016 and the borrowings by the Company of up to $500,000,000 of term loans due 2023 pursuant to the Credit Facilities. 

“2018 Notes” means the Company’s 7.75% Senior Subordinated Notes due 2018 issued
under the Indenture dated December 14, 2010, among the Company, Holdings and the subsidiary guarantors from time to time party thereto and The Bank of New York Mellon Trust Company, N.A., as Trustee. 

“2018 Transactions” means the offering of the UK Notes on May 8, 2018 and the borrowings by the
Company of up to $700,000,000 of tranche E term loans due 2023 pursuant to the Credit Facilities. 
 “2019
Transactions” means the offering of the 2027 5.50% Notes on November 13, 2019 and the redemption of all outstanding 2022 Notes with the proceeds of such offering. 

“2020 Notes” means the Company’s 5.500% Senior Subordinated Notes due 2020 issued under the Indenture
dated October 15, 2012, among the Company, Holdings and the subsidiary guarantors from time to time party thereto and The Bank of New York Mellon Trust Company, N.A., as Trustee. 

 “2020 Transactions” means the offering of the 2025 Secured
Notes on April 8, 2020 and an additional offering of the 2026 Secured Notes on April 17, 2020. 

“2022 Notes” means the Company’s 6.000% Senior Subordinated Notes due 2022 issued
under the Indenture dated June 4, 2014, among the Company, Holdings and the subsidiary guarantors from time to time party thereto and The Bank of New York Mellon Trust Company, N.A., as Trustee. 

“2024 Notes” means the Company’s 6.500% Senior Subordinated Notes due 2024 issued
under the Indenture dated June 4, 2014, among the Company, Holdings and the subsidiary guarantors from time to time party thereto and The Bank of New York Mellon Trust Company, N.A., as Trustee. 

“2025 Notes” means the Company’s 6.500% Senior Subordinated Notes due 2025 issued under the Indenture
dated May 14, 2015, among the Company, Holdings and the subsidiary guarantors from time to time party thereto and The Bank of New York Mellon Trust Company, N.A., as Trustee. 

“2025 Secured Notes” means the Company’s 8.00% Senior Secured Notes due 2025 issued under an Indenture
dated April 8, 2020, among the Company, Holdings, the subsidiary guarantors from time to time party thereto and The Bank of New York Mellon Trust Company, N.A., as Trustee and US Collateral Agent, and The Bank of New York Mellon, as UK
Collateral Agent. 
 “2026 Notes” means the Company’s 6.375% Senior Subordinated Notes due 2026 issued
under the Indenture dated June 9, 2016, among the Company, Holdings and the subsidiary guarantors from time to time party thereto and The Bank of New York Mellon Trust Company, N.A., as Trustee. 

“2026 Secured Notes” means the Company’s 6.25% Senior Secured Notes due 2026 issued under an Indenture
dated February 13, 2019, among the Company, Holdings, the subsidiary guarantors from time to time party thereto and The Bank of New York Mellon Trust Company, N.A., as Trustee and US Collateral Agent, and The Bank of New York Mellon, as UK
Collateral Agent. 
 “2027 5.50% Notes” means the Company’s 5.50% Senior Subordinated Notes due 2027
issued under an Indenture dated November 13, 2019, among the Company, Holdings and the subsidiary guarantors from time to time party thereto and The Bank of New York Mellon Trust Company, N.A., as Trustee. 

“2027 7.50% Notes” means the Company’s 7.50% Senior Subordinated Notes due 2027 issued under the
Indenture dated February 13, 2019, among the Company, Holdings and the subsidiary guarantors from time to time party thereto and The Bank of New York Mellon Trust Company, N.A., as Trustee. 

“A/R Facility” means the Company’s 364-day, $350.0 million
revolving accounts receivable securitization facility, entered into on October 21, 2013, as further described in the Final Offering Memorandum. 

  
 2 

 “Acquired Indebtedness” means Indebtedness of a Person or
any of its Subsidiaries existing at the time such Person becomes a Restricted Subsidiary of the Company or at the time it merges or consolidates with or into the Company or any of its Subsidiaries or that is assumed in connection with the
acquisition of assets from such Person, including Indebtedness incurred by such Person in connection with, or in anticipation or contemplation of, such Person becoming a Restricted Subsidiary of the Company or such acquisition, merger or
consolidation. 
 “Acquisition” means the acquisition of all the equity interests of McKechnie Aerospace
Holdings, Inc., a Delaware corporation, from McKechnie Holdings LLC, pursuant to a Stock Purchase Agreement, dated as of September 25, 2010, by and among McKechnie Holdings LLC, the Company and Holdings. 

“Additional Interest” means all additional interest then owing pursuant to Section 6 of the Registration
Rights Agreement. 
 “Additional Notes” means, subject to the Company’s compliance with
Section 4.03, 4.625% Senior Subordinated Notes due 2029 issued from time to time after the Issue Date under the terms of this Indenture (other than pursuant to Section 2.06, 2.07, 2.09 or 3.06 of this Indenture and other than Exchange
Notes or Private Exchange Notes issued pursuant to an exchange offer for other Notes outstanding under this Indenture). 

“Adjusted Treasury Rate” means, with respect to any redemption date, as provided by the Company, (1) the
yield, under the heading which represents the average for the immediately preceding week, appearing in the most recently published statistical release designated “H. 15(519)” or any successor publication which is published weekly by the
Board of Governors of the Federal Reserve System and which establishes yields on actively traded United States Treasury securities adjusted to constant maturity under the caption “Treasury Constant Maturities,” for the maturity
corresponding to the Comparable Treasury Issue (if no maturity is within three months before or after the Initial Redemption Date, yields for the two published maturities most closely corresponding to the Comparable Treasury Issue shall be
determined and the Adjusted Treasury Rate shall be interpolated or extrapolated from such yields on a straight line basis, rounding to the nearest month) or (2) if such release (or any successor release) is not published during the week
preceding the calculation date or does not contain such yields, the rate per year equal to the semi-annual equivalent yield to maturity of the Comparable Treasury Issue (expressed as a percentage of its principal amount) equal to the Comparable
Treasury Price for such redemption date, in each case calculated on the third Business Day immediately preceding the date that the applicable redemption notice is first sent or mailed, in each case, plus 0.50%. 

“Affiliate” means, with respect to any specified Person, any other Person who directly or indirectly through
one or more intermediaries controls, or is controlled by, or is under common control with, such specified Person. The term “control” means the possession, directly or indirectly, of the power to direct or cause the direction of the
management and policies of a Person, whether through the ownership of voting securities, by contract or otherwise; and the terms “controlling” and “controlled” have meanings correlative of the foregoing. Notwithstanding the
foregoing, no Person (other than the Company or any Subsidiary of the Company) in whom a Securitization Entity makes an Investment in connection with a Qualified Securitization 

  
 3 

 
Transaction shall be deemed to be an Affiliate of the Company or any of its Subsidiaries solely by reason of such Investment. 

“Applicable Premium” means, with respect to a Note at any redemption date, as provided by the Company, the
greater of (1) 1.00% of the principal amount of such Note and (2) the excess of (A) the present value at such redemption date of (i) the redemption price of such Note on the Initial Redemption Date (such redemption price exclusive of
any accrued and unpaid interest) plus (ii) all required remaining scheduled interest payments due on such Note through the Initial Redemption Date (but excluding accrued and unpaid interest, if any, to the redemption date), computed using a
discount rate equal to the Adjusted Treasury Rate, over (B) the principal amount of such Note on such redemption date. 

“Asset Acquisition” means (a) an Investment by the Company or any Restricted Subsidiary of the Company
in any other Person pursuant to which such Person shall become a Restricted Subsidiary of the Company, or shall be merged with or into the Company or any Restricted Subsidiary of the Company or (b) the acquisition by the Company or any
Restricted Subsidiary of the Company of the assets of any Person (other than a Restricted Subsidiary of the Company) other than in the ordinary course of business. 

“Asset Sale” means any direct or indirect sale, issuance, conveyance, transfer, lease (other than operating
leases entered into in the ordinary course of business), assignment or other transfer for value by the Company or any of its Restricted Subsidiaries (including any Sale and Leaseback Transaction) to any Person other than the Company or a Restricted
Subsidiary of the Company of: (a) any Capital Stock of any Restricted Subsidiary of the Company or (b) any other property or assets of the Company or any Restricted Subsidiary of the Company other than in the ordinary course of
business; provided, however, that Asset Sales or other dispositions shall not include (i) a transaction or series of related transactions for which the Company or its Restricted Subsidiaries receive aggregate consideration of less
than $25.0 million, (ii) the sale, lease, conveyance, disposition or other transfer of all or substantially all of the assets of the Company as permitted by Section 5.01 hereof or any disposition that constitutes a Change of Control,
(iii) the sale or discount, in each case without recourse, of accounts receivable arising in the ordinary course of business, but only in connection with the compromise or collection thereof, (iv) disposals or replacements of obsolete
equipment in the ordinary course of business, (v) the sale, lease, conveyance, disposition or other transfer by the Company or any Restricted Subsidiary of assets or property to one or more Restricted Subsidiaries in connection with Investments
permitted by Section 4.07 hereof or pursuant to any Permitted Investment, (vi) sales of accounts receivable, equipment and related assets (including contract rights) of the type specified in the definition of “Qualified Securitization
Transaction” to a Securitization Entity for the fair market value thereof, including cash in an amount at least equal to 75% of the fair market value thereof as determined in accordance with GAAP (for the purposes of this clause (vi), Purchase
Money Notes shall be deemed to be cash), (vii) dispositions of cash or Cash Equivalents, (viii) the creation of a Lien (but not the sale or other disposition of the property subject to such Lien), (ix) the sale, lease, conveyance,
disposition, or other transfer of any equity interest of an Unrestricted Subsidiary and (x) the sale, lease, conveyance, disposition or other transfer of any asset acquired in connection with a Permitted Investment identified in an
Officers’ Certificate delivered to the Trustee at the time of such Permitted Investment or promptly thereafter as “Specified Assets”; provided that the Company will not so identify any such assets unless, at the time thereof,
the Company, in its 

  
 4 

 
reasonable business judgment, intends to dispose of, or is contemplating the disposition of, such assets following such Permitted Investment; provided further that such sale, lease,
conveyance, disposition or other transfer shall have been consummated within 545 days from the date of such Permitted Investment. 

“Bank Indebtedness” means all Obligations pursuant to the Credit Facilities. 

“Bankruptcy Law” means Title 11, U.S. Code or any similar federal or state law for the relief of debtors.

 “Board of Directors” means (i) with respect to a corporation, the board of directors of the
corporation, (ii) with respect to a partnership, the board of directors of the general partner of the partnership, and (iii) with respect to any other Person, the board or committee of such Person serving a similar function. 

“Board Resolution” means, with respect to any Person, a copy of a resolution certified by the Secretary or an
Assistant Secretary of such Person to have been duly adopted by the Board of Directors of such Person and to be in full force and effect on the date of such certification. 

“Business Day” means any day other than a Legal Holiday. 

“Capital Stock” means (i) with respect to any Person that is a corporation, any and all shares,
interests, participations or other equivalents (however designated and whether or not voting) of corporate stock, including each class of Common Stock and Preferred Stock, of such Person and (ii) with respect to any Person that is not a
corporation, any and all partnership or other equity interests of such Person. 
 “Capitalized Lease
Obligations” means, as to any Person, the obligations of such Person under a lease that are required to be classified and accounted for as capital lease obligations under GAAP and, for purposes of this definition, the amount of such
obligations at any date shall be the capitalized amount of such obligations at such date, determined in accordance with GAAP. 

“Cash Equivalents” means (i) marketable direct obligations issued by, or unconditionally guaranteed by,
the United States Government or issued by any agency thereof and backed by the full faith and credit of the United States of America, in each case maturing within one year from the date of acquisition thereof; (ii) marketable direct obligations
issued by any state of the United States of America or any political subdivision of any such state or any public instrumentality thereof maturing within one year from the date of acquisition thereof and, at the time of acquisition, having one of the
three highest ratings obtainable from either S&P or Moody’s; (iii) commercial paper maturing no more than one year from the date of creation thereof and, at the time of acquisition, having a rating of at least A-1 from S&P or at least P-1 from Moody’s; (iv) certificates of deposit or bankers’ acceptances maturing within one year from the date of acquisition
thereof issued by any bank organized under the laws of the United States of America or any state thereof or the District of Columbia or any U.S. branch of a foreign bank or by a bank organized under the laws of any foreign country recognized by the
United States of America, in each case having at the date of acquisition thereof combined capital and surplus of not less than $250.0 million (or the foreign currency equivalent thereof); (v) repurchase obligations with a term

  
 5 

 
of not more than seven days for underlying securities of the types described in clause (i) above entered into with any bank meeting the qualifications specified in clause (iv) above;
and (vi) investments in money market funds which invest substantially all their assets in securities of the types described in clauses (i) through (v) above. 

“Change of Control” means the occurrence of one or more of the following events: (i) any sale, lease,
exchange or other transfer (in one transaction or a series of related transactions) of all or substantially all of the assets of the Company or Holdings to any Person or group of related Persons for purposes of Section 13(d) of the
Exchange Act (a “Group”) other than to the Company (in the case of the assets of Holdings); (ii) the approval by the holders of Capital Stock of the Company of any plan or proposal for the liquidation or dissolution of the
Company (whether or not otherwise in compliance with the provisions of this Indenture); or (iii) any Person or Group shall become the beneficial owner, directly or indirectly, of shares representing more than 50% of the total ordinary voting
power represented by the issued and outstanding Capital Stock of the Company or Holdings. 
 “Cobham
Subsidiaries” means the Domestic Restricted Subsidiaries, other than an Immaterial Domestic Restricted Subsidiary, a Securitization Entity or a domestic subsidiary of a Foreign Subsidiary, acquired in connection with the acquisition of
Cobham Aero Connectivity by Holdings, which acquisition was substantially completed on January 5, 2021. 

“Common Stock” of any Person means any and all shares, interests or other participations in, and other
equivalents (however designated and whether voting or non-voting) of such Person’s common stock, whether outstanding on the Issue Date or issued after the Issue Date, and includes all series and classes
of such common stock. 
 “Company” means the party named as such in this Indenture until a successor
replaces it and, thereafter, means the successor and, for purposes of any provision contained herein and required by the TIA, each other obligor on the indenture securities. 

“Comparable Treasury Issue” means the United States Treasury security selected by the Quotation Agent as
having a maturity comparable to the remaining term of the Notes from the redemption date to the Initial Redemption Date, that would be utilized, at the time of selection and in accordance with customary financial practice, in pricing new issues of
corporate debt securities of a maturity most nearly equal to the Initial Redemption Date. 
 “Comparable Treasury
Price” means, with respect to any redemption date, if clause (2) of the Adjusted Treasury Rate definition is applicable, the average of three, or such lesser number as is obtained by the Company, Reference Treasury Dealer Quotations
for such redemption date. 

  
 6 

 “Consolidated EBITDA” means, with respect to any Person,
for any period, the sum (without duplication) of such Person’s (i) Consolidated Net Income; and (ii) to the extent Consolidated Net Income has been reduced thereby: (A) (i) all income taxes and foreign withholding
taxes, (ii) all taxes based on capital and commercial activity (or similar taxes) and (iii) any taxes that result from (x) the exercise by any holder of warrants, options or other rights to acquire Qualified Capital Stock (other than
Qualified Capital Stock that is Preferred Stock) or (y) Dividend Equivalent Payments, in each case, of such Person and its Restricted Subsidiaries paid or accrued in accordance with GAAP for such period; (B) Consolidated Interest Expense;
(C) Consolidated Non-cash Charges less any non-cash items increasing Consolidated Net Income for such period (other than normal accruals in the ordinary course
of business), all as determined on a consolidated basis for such Person and its Restricted Subsidiaries in accordance with GAAP; (D) any extraordinary, unusual or nonrecurring gain, loss or charge (including fees, expenses and charges (or any
amortization thereof) associated with any acquisition, merger or consolidation, in each case, whether or not completed), any severance, relocation, consolidation, closing, integration, facilities opening, business optimization, transition or
restructuring costs, charges or expenses (including any costs or expenses associated with any expatriate), any signing, retention or completion bonuses, and any costs associated with curtailments or modifications to pension and postretirement
employee benefit plans; (E) any expenses or charges related to any Equity Offering, Permitted Investment, acquisition, disposition, recapitalization or the incurrence of Indebtedness permitted to be incurred by this Indenture, including a
refinancing thereof (whether or not successful) and any amendment or modification to the terms of any such transactions, including such fees, expenses or charges related to the 2010 Transactions, the 2014 Transactions, the 2015 Transactions,
the 2016 Transactions, the 2018 Transactions, the 2019 Transactions, the 2020 Transactions, the Esterline Transactions or the Transaction; (F) any write-offs, write-downs or other non-cash charges,
excluding any such charge that represents an accrual or reserve for a cash expenditure for a future period and the write-off or write-down of current assets; (G) the amount of any expense related to, or
loss attributable to, minority interests or investments; (H) any expenses related to, or attributed to, non-service related pensions; (I) the amount of any
earn-out payments or deferred purchase price in conjunction with acquisitions; (J) any costs or expenses incurred by the Company or a Restricted Subsidiary pursuant to any management equity plan or stock
option plan or any other management or employee benefit plan or agreement or any stock subscription or stockholders agreement, to the extent that such costs or expenses are funded with cash proceeds contributed to the capital of the Company or net
cash proceeds of issuance of Qualified Capital Stock of the Company (other than Disqualified Capital Stock that is Preferred Stock); (K) any Dividend Equivalent Payments; (L) any costs or expenses incurred in connection with the start-up or extension of long-term arrangements with customers; and (M) the amount of net cost savings projected by the Company in good faith to be realized as the result of actions to be taken within 24 months
of the initiation of any operational change or within 24 months of the consummation of any applicable acquisition or cessation of operations (in each case, calculated on a pro forma basis as though such cost savings had been realized on the first
day of such period), net of the amount of actual benefits realized during such period from such actions; provided that the aggregate amount of other cost savings added pursuant to this clause (M) shall not exceed 25.0% of Consolidated
EBITDA for any Four-Quarter Period (calculated after giving effect to any adjustment pursuant to this clause (M)) (which adjustments may be incremental to any other pro forma adjustments made pursuant to the terms hereof); and (iii) decreased
by (without duplication) non-cash gains increasing Consolidated Net Income of such Person for such period, excluding any gains that represent the reversal of any accrual of, or cash reserve for,
anticipated cash charges in any prior period (other than such cash charges that have been added back to Consolidated Net Income in calculating Consolidated EBITDA in accordance with this definition). 

“Consolidated Fixed Charge Coverage Ratio” means, with respect to any Person, the ratio of Consolidated
EBITDA of such Person during the four full fiscal quarters (the “Four-Quarter Period”) ending prior to the date of the transaction giving rise to the need to calculate the 

  
 7 

 
Consolidated Fixed Charge Coverage Ratio for which internal financial statements are available (the “Transaction Date”) to Consolidated Fixed Charges of such Person for the
Four-Quarter Period. In addition to, and without limitation of, the foregoing, for purposes of this definition, “Consolidated EBITDA” and “Consolidated Fixed Charges” shall be calculated after giving effect on a pro forma basis
for the period of such calculation to (i) the incurrence or repayment of any Indebtedness or the issuance of any Designated Preferred Stock of such Person or any of its Restricted Subsidiaries (and the application of the proceeds thereof)
giving rise to the need to make such calculation and any incurrence or repayment of other Indebtedness or the issuance or redemption of other Preferred Stock (and the application of the proceeds thereof), other than the incurrence or repayment of
Indebtedness in the ordinary course of business for working capital purposes pursuant to revolving credit facilities, occurring during the Four-Quarter Period or at any time subsequent to the last day of the Four-Quarter Period and on or prior to
the Transaction Date, as if such incurrence or repayment or issuance or redemption, as the case may be (and the application of the proceeds thereof), had occurred on the first day of the Four-Quarter Period; and (ii) any Asset Sales or other
dispositions or Asset Acquisitions (including any Asset Acquisition giving rise to the need to make such calculation as a result of such Person or one of its Restricted Subsidiaries (including any Person who becomes a Restricted Subsidiary as a
result of the Asset Acquisition) incurring, assuming or otherwise being liable for Acquired Indebtedness and also including any Consolidated EBITDA attributable to the assets which are the subject of the Asset Acquisition or Asset Sale or other
disposition and without regard to clause (vi) of the definition of Consolidated Net Income), investments, mergers, consolidations and disposed operations (as determined in accordance with GAAP) occurring during the Four-Quarter Period or
at any time subsequent to the last day of the Four-Quarter Period and on or prior to the Transaction Date, as if such Asset Sale or other disposition or Asset Acquisition (including the incurrence or assumption of any such Acquired Indebtedness),
investment, merger, consolidation or disposed operation occurred on the first day of the Four-Quarter Period. If such Person or any of its Restricted Subsidiaries directly or indirectly guarantees Indebtedness of a third Person, the preceding
sentence shall give effect to the incurrence of such guaranteed Indebtedness as if such Person or any Restricted Subsidiary of such Person had directly incurred or otherwise assumed such other Indebtedness that was so guaranteed. 

Furthermore, in calculating “Consolidated Fixed Charges” for purposes of determining the denominator (but not the
numerator) of this “Consolidated Fixed Charge Coverage Ratio”: (i) interest on outstanding Indebtedness determined on a fluctuating basis as of the Transaction Date and which will continue to be so determined thereafter shall be
deemed to have accrued at a fixed rate per annum equal to the rate of interest on such Indebtedness in effect on the Transaction Date; and (ii) notwithstanding clause (i) of this paragraph, interest on Indebtedness determined on a
fluctuating basis, to the extent such interest is covered by agreements relating to Interest Swap Obligations, shall be deemed to accrue at the rate per annum resulting after giving effect to the operation of such agreements. 

For purposes of this definition, whenever pro forma effect is to be given to an acquisition of assets, the amount of income or
earnings relating thereto and the amount of Consolidated Interest Expense associated with any Indebtedness incurred in connection therewith, the pro forma calculations shall be determined in good faith by a responsible financial or accounting
officer of the Company. In addition, any such pro forma calculation may include 

  
 8 

 
adjustments appropriate, in the reasonable determination of the Company, to reflect operating expense reductions reasonably expected to result from any acquisition or merger. 

“Consolidated Fixed Charges” means, with respect to any Person for any period, the sum of, without
duplication: (i) Consolidated Interest Expense; plus (ii) the product of (x) the amount of all cash dividend payments on any series of Preferred Stock of such Person times (y) a fraction, the numerator of which is one and
the denominator of which is one minus the then-current effective consolidated federal, state and local income tax rate of such Person, expressed as a decimal (as estimated in good faith by the chief financial officer of the Company, which estimate
shall be conclusive); plus (iii) the product of (x) the amount of all dividend payments on any series of Permitted Subsidiary Preferred Stock times (y) a fraction, the numerator of which is one and the denominator of which is
one minus the then-current effective consolidated federal, state and local income tax rate of such Person, expressed as a decimal (as estimated in good faith by the chief financial officer of the Company, which estimate shall be conclusive);
provided that, with respect to any series of Preferred Stock that did not pay cash dividends during such period but that is eligible to pay dividends during any period prior to the maturity date of the Notes, cash dividends shall be deemed to
have been paid with respect to such series of Preferred Stock during such period for purposes of this clause (iii). 

“Consolidated Interest Expense” means, with respect to any Person for any period, the sum of, without
duplication: (1) the aggregate of all cash and non-cash interest expense (net of interest income) with respect to all outstanding Indebtedness of such Person and its Restricted Subsidiaries, including the
net costs associated with Interest Swap Obligations, for such period determined on a consolidated basis in conformity with GAAP, but excluding (i) amortization or write-off of debt issuance costs,
deferred financing fees, commissions, fees and expenses, (ii) any expensing of bridge, commitment and other financing fees, (iii) commissions, discounts, yield and other fees and charges (including any interest expense) related to any
Qualified Securitization Transaction, and (iv) any prepayment fee or premium paid in connection with the refinancing or repayment of any Indebtedness; (2) the consolidated interest expense of such Person and its Restricted Subsidiaries
that was capitalized during such period; and (3) the interest component of Capitalized Lease Obligations paid, accrued and/or scheduled to be paid or accrued by such Person and its Restricted Subsidiaries during such period as determined on a
consolidated basis in accordance with GAAP. 
 “Consolidated Net Income” means, for any
period, the aggregate net income (or loss) of the Company and its Restricted Subsidiaries for such period on a consolidated basis, determined in accordance with GAAP and without any deduction in respect of Preferred Stock dividends; provided
that there shall be excluded therefrom to the extent otherwise included, without duplication: (i) gains and losses from Asset Sales (without regard to the $25.0 million limitation set forth in the definition thereof) and the related tax
effects according to GAAP; (ii) gains and losses due solely to fluctuations in currency values and the related tax effects according to GAAP; (iii) all extraordinary, unusual or non-recurring
charges, gains and losses (including all restructuring costs, facilities relocation costs, acquisition integration costs and fees, including cash severance payments made in connection with acquisitions, and any expense or charge related to the
repurchase of Capital Stock or warrants or options to purchase Capital Stock), and the related tax effects according to GAAP; (iv) the net income (or loss) from disposed or discontinued operations or any net gains or losses on disposal of
disposed or discontinued 

  
 9 

 
operations, and the related tax effects according to GAAP; (v) any impairment charge or asset write-off (other than the
write-off or write-down of current assets), in each case pursuant to GAAP, and the amortization of intangibles arising pursuant to GAAP; (vi) the net income (or loss) of any Person acquired in a pooling
of interests transaction accrued prior to the date it becomes a Restricted Subsidiary of the Company or is merged or consolidated with or into the Company or any Restricted Subsidiary of the Company; (vii) solely for the purpose of determining
the amount available for Restricted Payments under clause (ii) of Section 4.07, the net income (but not loss) of any Restricted Subsidiary of the Company (other than a Guarantor) to the extent that the declaration of dividends or similar
distributions by that Restricted Subsidiary of the Company of that income is not at the date of determination wholly permitted without any prior governmental approval (which has not been obtained) or, directly or indirectly, by the operation of the
terms of its charter or any agreement, instrument, judgment, decree, order, statute, rule or governmental regulation applicable to that Restricted Subsidiary or its stockholders, unless such restriction with respect to the payment of dividends or
similar distributions has been legally waived; provided that Consolidated Net Income of the Company will be increased by the amount of dividends or other distributions or other payments actually paid in cash (or to the extent converted
into cash) to the Company or a Restricted Subsidiary thereof in respect of such period, to the extent not already included therein; (viii) the net loss of any Person, other than a Restricted Subsidiary of the Company; (ix) the net income
of any Person, other than a Restricted Subsidiary of the Company, except to the extent of cash dividends or distributions paid to the Company or a Restricted Subsidiary of the Company by such Person; (x) in the case of a successor to the
referent Person by consolidation or merger or as a transferee of the referent Person’s assets, any earnings of the successor corporation prior to such consolidation, merger or transfer of assets; (xi) any
non-cash compensation charges and deferred compensation charges, including any arising from existing stock options resulting from any merger or recapitalization transaction; provided, however,
that Consolidated Net Income for any period shall be reduced by any cash payments made during such period by such Person in connection with any such deferred compensation, whether or not such reduction is in accordance with GAAP; and
(xii) inventory and backlog purchase accounting adjustments and amortization and impairment charges resulting from other purchase accounting adjustments with respect to acquisition transactions. For purposes of clause (ii)(v) of
Section 4.07, Consolidated Net Income shall be reduced by any cash dividends paid with respect to any series of Designated Preferred Stock. 

“Consolidated Non-cash Charges” means, with respect to any Person,
for any period, the aggregate depreciation, amortization and other non-cash charges, impairments and expenses of such Person and its Restricted Subsidiaries reducing Consolidated Net Income of such Person
and its Restricted Subsidiaries for such period, determined on a consolidated basis in accordance with GAAP (excluding any such charges that require an accrual of, or a reserve for, cash payments for any future period other than accruals or reserves
associated with mandatory repurchases of equity securities). For clarification purposes, purchase accounting adjustments with respect to inventory and backlog will be included in Consolidated Non-cash Charges.

 “Corporate Trust Office of the Trustee” shall be at the address of the Trustee specified in
Section 13.02 hereof or such other address as to which the Trustee may give notice to the Company. 

  
 10 

 “Credit Facilities” means the second amended and restated
credit agreement dated as of June 4, 2014 among the Company, Holdings, the financial institutions party thereto as lenders thereunder, Credit Suisse AG, as administrative agent and collateral agent, and any other agent party thereto, and
any amendments, supplements, modifications, extensions, replacements, renewals, restatements, refundings or refinancings thereof and any indentures or credit facilities or commercial paper facilities with banks or other institutional lenders or
investors that extend, replace, refund, refinance, renew or defease any part of the loans, notes, other credit facilities or commitments thereunder or incurred as “incremental equivalent debt” or similar terms thereunder, including any
such replacement, refunding or refinancing facility, or accordion or additional credit agreement, or indenture that increases the amount borrowable thereunder or alters the maturity thereof (provided that such increase in borrowings is
permitted under Section 4.09). 
 “Currency Agreement” means any foreign exchange contract, currency
swap agreement or other similar agreement or arrangement designed to protect the Company or any Restricted Subsidiary of the Company against fluctuations in currency values. 

“Default” means an event or condition the occurrence of which is, or with the lapse of time or the giving of
notice or both would be, an Event of Default. 
 “Definitive Note” has the meaning set forth in the
Appendix hereto. 
 “Description of Notes” means the “Description of the Notes” section of the
Final Offering Memorandum. 
 “Designated Non-cash Consideration”
means any non-cash consideration received by the Company or one of its Restricted Subsidiaries in connection with an Asset Sale that is designated as Designated Non-cash
Consideration pursuant to an Officers’ Certificate executed by the principal executive officer and the principal financial officer of the Company or such Restricted Subsidiary at the time of such Asset Sale. Any particular item of Designated Non-cash Consideration will cease to be considered to be outstanding once it has been sold for cash or Cash Equivalents. 

“Designated Preferred Stock” means Preferred Stock that is so designated as Designated Preferred Stock,
pursuant to an Officers’ Certificate executed by the principal executive officer and the principal financial officer of the Company, on the issuance date thereof, the cash proceeds of which are excluded from the calculation set forth in clause
(ii)(w) of the first paragraph of Section 4.07 hereof. 
 “Designated Senior Debt” means
(i) Indebtedness under the Credit Facilities, (ii) Indebtedness under the 2025 Secured Notes and the 2026 Secured Notes and (iii) any other Indebtedness constituting Senior Debt which, at the time of determination, has an aggregate
principal amount of at least $25.0 million and is specifically designated in the instrument evidencing such Senior Debt as “Designated Senior Debt”, including “Designated Senior Debt” for purposes of the 2024 Notes, the
2025 Notes, the 2026 Notes, the 2027 5.50% Notes and the 2027 7.50% Notes by the Company, and the UK Notes by TransDigm UK. 

“Disqualified Capital Stock” means, with respect to any Person, any Capital Stock which by its terms (or by
the terms of any security into which it is convertible or for which it is 

  
 11 

 
exchangeable at the option of the holder) or upon the happening of any event, (i) matures or is mandatorily redeemable, (other than redeemable only for Capital Stock of such Person which is
not itself Disqualified Capital Stock) pursuant to a sinking fund obligation or otherwise, (ii) is convertible or exchangeable at the option of the holder for Indebtedness or Disqualified Capital Stock or (iii) is mandatorily redeemable or
must be purchased upon the occurrence of certain events or otherwise, in whole or in part; in each case on or prior to the final maturity date of the Notes; provided, however, that any Capital Stock that would not constitute
Disqualified Capital Stock but for provisions thereof giving holders thereof the right to require such Person to purchase or redeem such Capital Stock upon the occurrence of an “asset sale” or “change of control” occurring prior
to the final maturity date of the Notes shall not constitute Disqualified Capital Stock if: (A) the “asset sale” or “change of control” provisions applicable to such Capital Stock are not more favorable to the holders of
such Capital Stock than the terms applicable to the Notes and described in Sections 4.10 and 4.15 hereof, respectively; and (B) any such requirement only becomes operative after compliance with such terms applicable to the Notes, including the
purchase of any Notes tendered pursuant thereto. 
 For purposes hereof, the amount of any Disqualified Capital Stock that
does not have a fixed redemption, repayment or repurchase price will be calculated in accordance with the terms of such Disqualified Capital Stock as if such Disqualified Capital Stock were redeemed, repaid or repurchased on any date on which the
amount of such Disqualified Capital Stock is to be determined pursuant to the Indenture; provided, however, that if such Disqualified Capital Stock could not be required to be redeemed, repaid or repurchased at the time of such
determination, the redemption, repayment or repurchase price will be the book value of such Disqualified Capital Stock as reflected in the most recent internal financial statements of such Person. 

“Dividend Equivalent Payment” means a payment in cash or Cash Equivalents to any director, officer or
employee of Holdings or any of its Subsidiaries that is a holder of unexercised warrants, options or other rights to acquire Qualified Capital Stock (other than Qualified Capital Stock that is Preferred Stock) of Holdings, which payment represents a
dividend or distribution by Holdings that such holder would have received had such holder’s warrants, options or other rights to acquire been exercised on the date of such dividend or distribution. 

“Domestic Restricted Subsidiary” means any direct or indirect Restricted Subsidiary of the Company that is
incorporated under the laws of the United States of America, any State thereof or the District of Columbia. 

“Equity Offering” means any issuance of Qualified Capital Stock of Holdings or the Company; provided
that, in the event such equity issuance is not in the form of a public offering registered under the Securities Act, the proceeds received by the Company directly or indirectly from such offering are not less than $10.0 million. 

“Esterline Acquisition” means the acquisition by the Company of Esterline Technologies Corporation, pursuant
to the Esterline Acquisition Agreement. 
 “Esterline Acquisition Agreement” means the agreement and plan
of merger dated as of October 9, 2018, as amended, by and among Esterline Technologies Corporation, a Delaware 

  
 12 

 
corporation, the Company and Thunderbird Merger Sub Inc., a Delaware corporation and a wholly owned subsidiary of the Company. 

“Esterline Transactions” means the closing of the Esterline Acquisition, including the repayment of
Indebtedness of Esterline Technologies Corporation, and the initial offering of the 2026 Secured Notes and the 2027 7.50% Notes on February 13, 2019, including the redemption of all outstanding 2020 Notes. 

“Exchange Act” means the Securities Exchange Act of 1934, as amended, or any successor statute or statutes
thereto. 
 “Exchange Notes” has the meaning set forth in the Appendix hereto. 

“Excluded Contribution” means net cash proceeds, Marketable Securities or Qualified Proceeds received by the
Company after December 14, 2010 from (i) contributions to its common equity capital and (ii) the sale (other than to a Subsidiary of the Company or to any management equity plan or stock option plan or any other management or
employee benefit plan or agreement of the Company) of Capital Stock (other than Disqualified Capital Stock and Designated Preferred Stock) of the Company, in each case designated as Excluded Contributions pursuant to an officers’ certificate
executed by an executive vice president and the principal financial officer of the Company on the date such capital contributions are made or the date such Capital Stock is sold, as the case may be, which are excluded from the calculation set forth
in clause (ii) of Section 4.07. 
 “fair market value” means, with respect to any asset or
property, the price which could be negotiated in an arm’s-length, free market transaction, for cash, between a willing seller and a willing and able buyer, neither of whom is under undue pressure or
compulsion to complete the transaction. Fair market value shall be determined by the Board of Directors of the Company acting reasonably and in good faith. 

“Final Offering Memorandum” means the final version of the offering memorandum related to the offering of the
Initial Notes, dated January 14, 2021. 
 “Foreign Restricted Subsidiary” means any Restricted
Subsidiary of the Company that is not a Domestic Restricted Subsidiary, other than TransDigm UK. 
 “Four-Quarter
Period” has the meaning specified in the definition of Consolidated Fixed Charge Coverage Ratio. 

“GAAP” means generally accepted accounting principles set forth in the opinions and pronouncements of the
Accounting Principles Board of the American Institute of Certified Public Accountants and statements and pronouncements of the Financial Accounting Standards Board or in such other statements by such other entity as may be approved by a significant
segment of the accounting profession of the United States of America, as in effect as of December 14, 2010. 

“Government Securities” means direct obligations of, or obligations guaranteed by, the United States of
America, and for the payment of which the United States pledges its full faith and credit. 

  
 13 

 “Group” has the meaning specified in the definition of
Change of Control. 
 “Guarantee” means (i) the guarantee of the Notes by Holdings, TransDigm UK and
the Domestic Restricted Subsidiaries of the Company in accordance with the terms of this Indenture and (ii) the guarantee of the Notes by any Restricted Subsidiary of the Company required under the terms of Section 4.17 hereof or not
otherwise prohibited under this Indenture. 
 “Guarantor” means TransDigm UK and any Restricted Subsidiary
of the Company that incurs a Guarantee; provided that upon the release and discharge of any such Restricted Subsidiary from its Guarantee in accordance with Section 11.07 hereof, such Restricted Subsidiary shall cease to be a Guarantor.

 “Hedging Agreement” means any agreement with respect to the hedging of price risk associated with the
purchase of commodities used in the business of the Company and its Restricted Subsidiaries, so long as any such agreement has been entered into in the ordinary course of business and not for purposes of speculation. 

“Holder” means a Person in whose name a Note is registered. 

“Holdings” means TransDigm Group Incorporated, a Delaware corporation, and its successors. 

“Immaterial Domestic Restricted Subsidiary” means, at any date of determination, any Domestic Restricted
Subsidiary of the Company that (i) contributed 2.5% or less of Consolidated EBITDA of the Company for the period of four fiscal quarters most recently ended more than forty-five (45) days prior to the date of determination and
(ii) had consolidated assets representing 2.5% or less of Total Assets on the last day of the most recent fiscal quarter ended more than forty-five (45) days prior to the date of determination. 

“Indebtedness” means, with respect to any Person, without duplication, (i) all Obligations of such
Person for borrowed money, (ii) all Obligations of such Person evidenced by bonds, debentures, notes or other similar instruments, (iii) all Capitalized Lease Obligations of such Person, (iv) all Obligations of such Person issued or
assumed as the deferred purchase price of property, all conditional sale obligations and all Obligations under any title retention agreement (but excluding trade accounts payable and other accrued liabilities arising in the ordinary course of
business), (v) all Obligations for the reimbursement of any obligor on any letter of credit, banker’s acceptance or similar credit transaction, (vi) guarantees and other contingent obligations in respect of Indebtedness referred to in
clauses (i) through (v) above and clause (viii) below, (vii) all Obligations of any other Person of the type referred to in clauses (i) through (vi) which are secured by any Lien on any property or asset of such Person,
the amount of such Obligation being deemed to be the lesser of the fair market value of such property or asset and the amount of the Obligation so secured, (viii) all Obligations under Currency Agreements and interest swap agreements of such
Person and (ix) all Disqualified Capital Stock issued by such Person with the amount of Indebtedness represented by such Disqualified Capital Stock being equal to the greater of its voluntary or involuntary liquidation preference and its
maximum fixed repurchase price, but excluding accrued dividends, if any. 

  
 14 

 Notwithstanding the foregoing, in connection with the purchase by the
Company or any Restricted Subsidiary of the Company of any business, the term “Indebtedness” will exclude post-closing payment adjustments to which the seller may become entitled to the extent such payment is determined by a final closing
balance sheet or such payment depends on the performance of such business after the closing; provided, however, that, at the time of closing, the amount of any such payment is not determinable, and, to the extent such payment
thereafter becomes fixed and determined, the amount is paid within 60 days thereafter. For clarification purposes, the liability of the Company or any Restricted Subsidiary of the Company to make periodic payments to licensors in consideration for
the license of patents and technical information under license agreements in existence on the Issue Date and any amount payable in respect of a settlement of disputes with respect to such payments thereunder shall not constitute Indebtedness. 

For purposes hereof, the “maximum fixed repurchase price” of any Disqualified Capital Stock which does not have a
fixed repurchase price shall be calculated in accordance with the terms of such Disqualified Capital Stock as if such Disqualified Capital Stock were purchased on any date on which Indebtedness shall be required to be determined pursuant to this
Indenture, and, if such price is based upon, or measured by, the fair market value of such Disqualified Capital Stock, such fair market value shall be determined reasonably and in good faith by the Board of Directors of the issuer of such
Disqualified Capital Stock. For the purposes of calculating the amount of Indebtedness of a Securitization Entity outstanding as of any date, the face or notional amount of any interest in receivables or equipment that is outstanding as of such date
shall be deemed to be Indebtedness, but any such interests held by Affiliates of such Securitization Entity shall be excluded for purposes of such calculation. 

For the purposes hereof, the amount of any Indebtedness described in clause (viii) of the first paragraph of this
definition is the net amount payable (after giving effect to permitted set off) if such Currency Agreements or interest swap agreements are terminated at that time due to a default of such Person. 

“Indenture” means this Indenture, as amended or supplemented from time to time. 

“Initial Notes” has the meaning set forth in the Appendix hereto. 

“Initial Redemption Date” means January 15, 2024. 

“Interest Swap Obligations” means the obligations of any Person pursuant to any arrangement with any other
Person, whereby, directly or indirectly, such Person is entitled to receive from time to time periodic payments calculated by applying either a floating or a fixed rate of interest on a stated notional amount in exchange for periodic payments made
by such other Person calculated by applying a fixed or a floating rate of interest on the same notional amount and shall include interest rate swaps, caps, floors, collars and similar agreements. 

“Investment” means, with respect to any Person, any direct or indirect loan or other extension of credit
(including a guarantee) or capital contribution to (by means of any transfer of cash or other property to others or any payment for property or services for the account or use of others), or any purchase or acquisition by such Person of any Capital
Stock, bonds, notes, debentures or other securities or evidences of Indebtedness issued by, any Person. “Investment” 

  
 15 

 
shall exclude extensions of trade credit by the Company and its Restricted Subsidiaries in accordance with normal trade practices of the Company or such Restricted Subsidiary, as the case may be.
Except as otherwise provided herein, the amount of an Investment shall be its fair market value at the time the Investment is made and without giving effect to subsequent changes in its fair market value. 

“Investment Grade Rating” means a rating equal to or higher than Baa3 (or the equivalent) by Moody’s and
BBB– (or the equivalent) by S&P, or an equivalent rating by any other Rating Agency. 
 “Issue
Date” means January 20, 2021. 
 “Legal Holiday” means a Saturday, a Sunday or a day on which
banking institutions in the City of New York, the city in which the principal corporate trust office of the Trustee is located or at a place of payment are authorized by law, regulation or executive order to remain closed. If a payment date is a
Legal Holiday at a place of payment, payment may be made at that place on the next succeeding day that is not a Legal Holiday, and no interest shall accrue on such payment for the intervening period. 

“Lien” means any lien, mortgage, deed of trust, pledge, security interest, charge or encumbrance of any kind
(including any conditional sale or other title retention agreement, any lease in the nature thereof and any agreement to give any security interest). 

“Limited Condition Acquisition” means any Permitted Investment that the Company or one or more of its
Subsidiaries has contractually committed to consummate, the terms of which do not condition the Company’s or its Subsidiary’s, as applicable, obligations to close such Permitted Investment on the availability of third-party financing. 

“Marketable Securities” means publicly traded debt or equity securities that are listed for trading on a
national securities exchange and that were issued by a corporation whose debt securities are rated in one of the three highest rating categories by either S&P or Moody’s. 

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

“Net Cash Proceeds” means, with respect to any Asset Sale, the proceeds in the form of cash or Cash
Equivalents including payments in respect of deferred payment obligations when received in the form of cash or Cash Equivalents (other than the portion of any such deferred payment constituting interest) received by the Company or any of its
Restricted Subsidiaries from such Asset Sale net of: (i) reasonable out-of-pocket expenses and fees relating to such Asset Sale (including legal, accounting and
investment banking fees and sales commissions and title and recording tax expenses); (ii) all federal, state, provincial, foreign and local taxes required to be accrued as a liability under GAAP as a consequence of such Asset Sale;
(iii) appropriate amounts to be provided by the Company or any Restricted Subsidiary of the Company, as the case may be, as a reserve, in accordance with GAAP, against any liabilities associated with such Asset Sale and retained by the Company
or any Restricted Subsidiary of the Company, as the case may be, after such Asset Sale, including pension and other post-employment benefit liabilities, liabilities related to environmental matters and liabilities under any indemnification
obligations associated with such Asset Sale; (iv) all distributions and other payments required to be made to minority interest 

  
 16 

 
holders in Restricted Subsidiaries as a result of such Asset Sale; and (v) all payments made on any Indebtedness which is secured by any assets subject to such Asset Sale, in accordance with
the terms of any Lien upon or other security agreement of any kind with respect to such assets, or which must by its terms, or in order to obtain a necessary consent to such Asset Sale, or by applicable law, be repaid out of the proceeds from such
Asset Sale. 
 “Notes” means, collectively, the Initial Notes, the Additional Notes, the Exchange Notes and
the Private Exchange Notes, treated as a single class of securities, as amended or supplemented from time to time in accordance with the terms hereof, that are issued pursuant to this Indenture. 

“Obligations” means all obligations for principal, premium, interest, penalties, fees, indemnifications,
reimbursements, damages and other liabilities payable under the documentation governing any Indebtedness. 

“Officer” means, with respect to any Person (other than the Trustee), the Chairman of the Board, the Chief
Executive Officer, the President, the Chief Operating Officer, the Chief Financial Officer, the Treasurer, any Assistant Treasurer, the Controller, the Secretary or any Vice-President of such Person. 

“Officers’ Certificate” means a certificate signed by two Officers of the Company, one of whom must be
the principal executive officer, the principal financial officer, the treasurer or the principal accounting officer of the Company, that meets the requirements of Sections 13.04 and 13.05 hereof. 

“Opinion of Counsel” means an opinion reasonably acceptable to the Trustee from legal counsel. The counsel
may be an employee of, or counsel to, the Company or any Subsidiary of the Company. 
 “Permitted Business”
means any business (including stock or assets) that derives a majority of its revenues from the business engaged in by the Company and its Restricted Subsidiaries on the Issue Date and/or activities that are reasonably similar, ancillary or related
to, or are a reasonable extension, development or expansion of, the businesses in which the Company and its Restricted Subsidiaries are engaged on the Issue Date. 

“Permitted Indebtedness” means, without duplication, each of the following: 

(i) Indebtedness under the Notes (other than any Additional Notes); 

(ii) Indebtedness of the Company or any of its Restricted Subsidiaries incurred pursuant to the Credit
Facilities in an aggregate principal amount at any time outstanding not to exceed $2,900.0 million, less: (a) the aggregate amount of Indebtedness of Securitization Entities at the time outstanding, (b) the amount of all mandatory
principal payments actually made by the Company or any such Restricted Subsidiary since the Issue Date with the Net Cash Proceeds of an Asset Sale in respect of term loans under a credit facility (excluding any such payments to the extent refinanced
at the time of payment) and (c) any repayments of revolving credit borrowings under the Credit Facilities with the Net Cash Proceeds of an Asset Sale that are accompanied by a corresponding commitment

  
 17 

 
reduction thereunder; provided that the amount of Indebtedness permitted to be incurred pursuant to the Credit Facilities in accordance with this clause (ii) shall be in addition to
any Indebtedness permitted to be incurred pursuant to a credit facility in reliance on, and in accordance with, clauses (vii), (xiii), (xiv) and (xv) below; 

(iii) other Indebtedness of the Company and its Restricted Subsidiaries outstanding on the Issue Date
(including the 2024 Notes, the 2025 Notes, the 2026 Notes, the 2027 5.50% Notes, the 2027 7.50% Notes, the UK Notes, the 2025 Secured Notes and the 2026 Secured Notes) reduced by the amount of any scheduled amortization payments or mandatory
prepayments when actually paid or permanent reductions thereon; 
 (iv) Interest Swap Obligations of the
Company or any of its Restricted Subsidiaries covering Indebtedness of the Company or any of its Restricted Subsidiaries; provided that any Indebtedness to which any such Interest Swap Obligations correspond is otherwise permitted to be
incurred under this Indenture; provided further, that such Interest Swap Obligations are entered into, in the judgment of the Company, to protect the Company or any of its Restricted Subsidiaries from fluctuation in interest rates on
its outstanding Indebtedness; 
 (v) Indebtedness of the Company or any Restricted Subsidiary of the Company
under Hedging Agreements and Currency Agreements; 
 (vi) the incurrence by the Company or any of its
Restricted Subsidiaries of intercompany Indebtedness between or among the Company and any such Restricted Subsidiaries; provided, however, that: (a) if the Company is the obligor on such Indebtedness, and the payee is a Restricted
Subsidiary that is not a Guarantor, such Indebtedness is expressly subordinated to the prior payment in full in cash of all Obligations with respect to the Notes and (b) (1) any subsequent issuance or transfer of Capital Stock that results
in any such Indebtedness being held by a Person other than the Company or a Restricted Subsidiary thereof and (2) any sale or other transfer of any such Indebtedness to a Person that is not either the Company or a Restricted Subsidiary thereof
(other than by way of granting a Lien permitted under this Indenture or in connection with the exercise of remedies by a secured creditor) shall be deemed, in each case, to constitute an incurrence of such Indebtedness by the Company or such
Restricted Subsidiary, as the case may be, that was not permitted by this clause (vi); 
 (vii) Indebtedness
(including Capitalized Lease Obligations) incurred by the Company or any of its Restricted Subsidiaries to finance the purchase, lease or improvement of property (real or personal) or equipment (whether through the direct purchase of assets or the
Capital Stock of any person owning such assets) in an aggregate principal amount outstanding not to exceed the greater of (x) $250.0 million and (y) 12.0% of the Consolidated EBITDA of the Company for the period of four fiscal quarters
most recently ended more than forty-five (45) days prior to the date of determination; 
 (viii)
Refinancing Indebtedness (other than Refinancing Indebtedness with respect to Indebtedness incurred pursuant to clause (ii) of this definition and other than Refinancing Indebtedness with respect to the 2024 Notes); 

  
 18 

 (ix) guarantees by the Company and its Restricted
Subsidiaries of each other’s Indebtedness; provided that such Indebtedness is permitted to be incurred under this Indenture; provided further, that in the event such Indebtedness (other than Acquired Indebtedness) is Ratio
Indebtedness, such guarantees are by the Company or a Guarantor only; 
 (x) Indebtedness arising from
agreements of the Company or a Restricted Subsidiary of the Company providing for indemnification, adjustment of purchase price, earn-out or other similar obligations, in each case, incurred or assumed in
connection with the disposition of any business, assets or a Restricted Subsidiary of the Company, other than guarantees of Indebtedness incurred by any Person acquiring all or any portion of such business, assets or Restricted Subsidiary for the
purpose of financing such acquisition; provided that the maximum assumable liability in respect of all such Indebtedness shall at no time exceed the gross proceeds actually received by the Company and its Restricted Subsidiaries in connection
with such disposition; 
 (xi) obligations in respect of performance and surety bonds and completion
guarantees provided by the Company or any Restricted Subsidiary of the Company in the ordinary course of business; 

(xii) the incurrence by a Securitization Entity of Indebtedness in a Qualified Securitization Transaction that
is non-recourse to the Company or any Subsidiary of the Company (except for Standard Securitization Undertakings); 

(xiii) Indebtedness incurred by the Company or any of the Guarantors in connection with the acquisition of a
Permitted Business; provided that on the date of the incurrence of such Indebtedness, after giving effect to the incurrence thereof and the use of proceeds therefrom, either (A) the Company would be permitted to incur at least $1.00 of
additional Ratio Indebtedness or (B) the Consolidated Fixed Charge Coverage Ratio of the Company would be greater than the Consolidated Fixed Charge Coverage Ratio of the Company immediately prior to the incurrence of such Indebtedness; 

(xiv) additional Indebtedness of the Company and the Guarantors (which amount may, but need not, be incurred in
whole or in part under a credit facility) (it being understood that any Indebtedness incurred pursuant to this clause (xiv) shall cease to be deemed incurred or outstanding for purposes of this clause (xiv) but shall be deemed incurred
pursuant to Section 4.09 hereof from and after the first date on which the Company or such Restricted Subsidiary could have incurred such Indebtedness pursuant to Section 4.09 hereof without reliance on this clause (xiv), subject to
further redivision and reclassification pursuant to the final paragraph of this definition) in an aggregate principal amount that does not exceed the greater of (x) $250.0 million and (y) 12.0% of the Consolidated EBITDA of the Company for the
period of four fiscal quarters most recently ended more than forty-five (45) days prior to the date of determination; 

(xv) additional Indebtedness of the Foreign Restricted Subsidiaries in an aggregate principal amount which
(when combined with the liquidation value of all series of outstanding Permitted Subsidiary Preferred Stock) does not exceed the greater of 

  
 19 

 
(x) $450.0 million and (y) 20.0% of the Consolidated EBITDA of the Company for the period of four fiscal quarters most recently ended more than forty-five (45) days prior to the
date of determination, at any one time outstanding (which amount may, but need not, be incurred in whole or in part under a credit facility); (it being understood that any Indebtedness incurred pursuant to this clause (xv) shall cease to be
deemed incurred or outstanding for purposes of this clause (xv) but shall be deemed incurred pursuant to Section 4.09 hereof from and after the first date on which the Company or such Restricted Subsidiary could have incurred such
Indebtedness pursuant to Section 4.09 hereof without reliance on this clause (xv), subject to further redivision and reclassification pursuant to the final paragraph of this definition); 

(xvi) Indebtedness arising from the honoring by a bank or other financial institution of a check, draft or
similar instrument inadvertently (except in the case of daylight overdrafts) drawn against insufficient funds in the ordinary course of business; provided, however, that such Indebtedness is extinguished within five Business Days of
incurrence; and 
 (xvii) Indebtedness of the Company or any of its Restricted Subsidiaries represented by
letters of credit for the account of the Company or such Restricted Subsidiary, as the case may be, issued in the ordinary course of business of the Company or such Restricted Subsidiary, including in order to provide security for workers’
compensation claims or payment obligations in connection with self-insurance or similar requirements in the ordinary course of business and other Indebtedness with respect to workers’ compensation claims, self-insurance obligations,
performance, surety and similar bonds and completion guarantees provided by the Company or any Restricted Subsidiary of the Company in the ordinary course of business; 

For purposes of determining compliance with Section 4.09 hereof, in the event that an item of Indebtedness meets the
criteria of more than one of the categories of Permitted Indebtedness described in clauses (i) through (xvii) above or is entitled to be incurred pursuant to the Consolidated Fixed Charge Coverage Ratio provisions of Section 4.09
hereof, the Company shall, in its sole discretion, divide and classify (or later redivide and reclassify) such item of Indebtedness in any manner that complies with Section 4.09 hereof. Accrual of interest, accretion or amortization of original
issue discount, the payment of interest on any Indebtedness in the form of additional Indebtedness with the same terms, and the payment of dividends on Disqualified Capital Stock in the form of additional shares of the same class of Disqualified
Capital Stock will not be deemed to be an incurrence of Indebtedness or an issuance of Disqualified Capital Stock for purposes of Section 4.09 hereof. 

“Permitted Investments” means: (i) Investments by the Company or any Restricted Subsidiary of the
Company in the Company or any Restricted Subsidiary of the Company (other than a Restricted Subsidiary of the Company in which an Affiliate of the Company that is not a Restricted Subsidiary of the Company holds a minority interest) (whether
existing on the Issue Date or created thereafter) or any other Person (including by means of any transfer of cash or other property) if, as a result of such Investment, such other Person shall become a Restricted Subsidiary of the Company (other
than a Restricted Subsidiary of the Company in which an Affiliate of the Company that is not a Restricted Subsidiary of the Company holds a minority interest) or that will 

  
 20 

 
merge with or consolidate into the Company or a Restricted Subsidiary of the Company and Investments in the Company by the Company or any Restricted Subsidiary of the Company;
(ii) Investments in cash and Cash Equivalents; (iii) Investments in property and other assets owned or used by the Company or any Restricted Subsidiary in the ordinary course of business; (iv) loans and advances (including payroll,
travel and similar advances) to employees and officers of the Company and its Restricted Subsidiaries for bona fide business purposes incurred in the ordinary course of business or consistent with past practice or to fund such Person’s purchase
of Capital Stock of the Company or any direct or indirect parent of the Company pursuant to compensatory plans approved by the Board of Directors in good faith; (v) Currency Agreements, Hedging Agreements and Interest Swap Obligations entered
into in the ordinary course of business and otherwise in compliance with this Indenture; (vi) Investments in securities of trade creditors or customers received pursuant to any plan of reorganization or similar arrangement upon the bankruptcy
or insolvency of such trade creditors or customers or in good faith settlement of delinquent obligations of such trade creditors or customers; (vii) Investments made by the Company or its Restricted Subsidiaries as a result of consideration
received in connection with an Asset Sale made in compliance with Section 4.10 hereof; (viii) Investments required pursuant to any agreement or obligation of the Company or a Restricted Subsidiary, in effect on the Issue Date, to make such
Investments; (ix) Investments existing on the Issue Date; (x) accounts receivable created or acquired and advances to suppliers created or incurred in the ordinary course of business; (xi) guarantees by the Company or a Restricted
Subsidiary of the Company permitted to be incurred under this Indenture; (xii) additional Investments having an aggregate fair market value, taken together with all other Investments made pursuant to this clause (xii) that are at that time
outstanding, not to exceed the greater of (A) $500.0 million and (B) 25.0% of the Company’s Total Assets; (xiii) any Investment by the Company or a Subsidiary of the Company in a Securitization Entity or any Investment by a
Securitization Entity in any other Person in connection with a Qualified Securitization Transaction; provided that any Investment in a Securitization Entity is in the form of a Purchase Money Note or an equity interest; (xiv) Investments
the payment for which consists exclusively of Qualified Capital Stock of the Company; (xv) guarantees by the Company or any Restricted Subsidiary of the Company of Indebtedness of the Company or a Restricted Subsidiary of the Company permitted
by Section 4.09 hereof; (xvi) any Investment in any Person to the extent it consists of prepaid expenses, negotiable instruments held for collection and lease, utility and workers’ compensation, performance and other similar deposits
made in the ordinary course of business; and (xvii) Investments by the Company or any Restricted Subsidiary in any Unrestricted Subsidiary not exceeding the greater of (x) $250.0 million and (y) 12.0% of the Consolidated EBITDA of the
Company for the period of four fiscal quarters most recently ended more than forty-five (45) days prior to the date of determination in the aggregate for all such Investments in Unrestricted Subsidiaries. 

“Permitted Subsidiary Preferred Stock” means any series of Preferred Stock of a Foreign Restricted Subsidiary
that constitutes Qualified Capital Stock, the liquidation value of all series of which, when combined with the aggregate amount of outstanding Indebtedness of the Foreign Restricted Subsidiaries incurred pursuant to clause (xv) of the
definition of Permitted Indebtedness, does not (on a pro forma basis) exceed the greater of (x) $15.0 million and (y) 0.5% of the Consolidated EBITDA of the Company for the period of four fiscal quarters most recently ended more than forty-five
(45) days prior to the date of determination. 

  
 21 

 “Person” means an individual, partnership, corporation,
limited liability company, unincorporated organization, trust or joint venture, or a governmental agency or political subdivision thereof. 

“Preferred Stock” of any Person means any Capital Stock of such Person that has preferential rights to any
other Capital Stock of such Person with respect to dividends or redemptions or upon liquidation. 
 “Private
Exchange Notes” has the meaning set forth in the Appendix hereto. 
 “Productive Assets” means
assets (including Capital Stock) that are used or usable by the Company and its Restricted Subsidiaries in Permitted Businesses. 

“Purchase Money Note” means a promissory note of a Securitization Entity evidencing a line of credit, which
may be irrevocable, from the Company or any Subsidiary of the Company in connection with a Qualified Securitization Transaction to a Securitization Entity, which note shall be repaid from cash available to the Securitization Entity, other than
amounts required to be established as reserves pursuant to agreements, amounts paid to investors in respect of interest and principal and amounts paid in connection with the purchase of newly generated receivables or newly acquired equipment. 

“Qualified Capital Stock” means any Capital Stock that is not Disqualified Capital Stock. 

“Qualified Proceeds” means assets that are used or useful in, or Capital Stock of any Person engaged in, a
Permitted Business; provided that the fair market value of any such assets or Capital Stock shall be determined by the Board of Directors of the Company in good faith. 

“Qualified Securitization Transaction” means any transaction or series of transactions that may be entered
into by the Company or any of its Restricted Subsidiaries pursuant to which the Company or any of its Subsidiaries may sell, convey or otherwise transfer to (i) a Securitization Entity (in the case of a transfer by the Company or any of its
Restricted Subsidiaries); and (ii) any other Person (in the case of a transfer by a Securitization Entity), or may grant a security interest in any accounts receivable or equipment (whether now existing or arising or acquired in the future) of
the Company or any of its Restricted Subsidiaries, and any assets related thereto including all collateral securing such accounts receivable and equipment, all contracts and contract rights and all guarantees or other obligations in respect of such
accounts receivable and equipment, proceeds of such accounts receivable and equipment and other assets (including contract rights) which are customarily transferred or in respect of which security interests are customarily granted in connection with
assets securitization transactions involving accounts receivable and equipment. For the avoidance of doubt, transactions consummated under the A/R Facility (as in effect on the Issue Date) are Qualified Securitization Transactions. 

“Quotation Agent” means the Reference Treasury Dealer selected by the Company. 

“Rating Agencies” means Moody’s and S&P or, if Moody’s or S&P or both shall not make a
rating on the Notes publicly available, a nationally recognized statistical rating agency 

  
 22 

 
or agencies, as the case may be, selected by the Company that shall be substituted for Moody’s or S&P or both, as the case may be. 

“Reference Treasury Dealer” means Goldman Sachs & Co. LLC and its successors and assigns, and any
two other primary U.S. Government securities dealers in New York City as may be selected by the Company. 

“Reference Treasury Dealer Quotations” means, with respect to each Reference Treasury Dealer and any
redemption date, the average, as determined by the Company, of the bid and asked prices for the Comparable Treasury Issue, expressed in each case as a percentage of its principal amount, quoted in writing to the Company by such Reference Treasury
Dealer at 5:00 p.m., New York City time, on the third Business Day immediately preceding the date that the applicable redemption notice is first sent or mailed. 

“Refinance” means, in respect of any security or Indebtedness, to refinance, extend, renew, refund, repay,
prepay, redeem, defease or retire, or to issue a security or Indebtedness in exchange or replacement for, such security or Indebtedness in whole or in part. “Refinanced” and “Refinancing” shall have correlative meanings. 

“Refinancing Indebtedness” means any Refinancing, modification, replacement, restatement, refunding,
deferral, extension, substitution, supplement, reissuance or resale of Indebtedness existing on the Issue Date or thereafter incurred (other than intercompany Indebtedness), including any additional Indebtedness incurred to pay interest or premiums
required by the instruments governing such then-existing or thereafter-incurred future Indebtedness as in effect at the time of issuance thereof (“Required Premiums”) and fees in connection therewith; provided that any such
event shall not (i) directly or indirectly result in an increase in the aggregate principal amount of Permitted Indebtedness (except to the extent such increase is a result of a simultaneous incurrence of additional Indebtedness (A) to pay
Required Premiums and related fees or (B) otherwise permitted to be incurred under this Indenture); and (ii) create Indebtedness with a Weighted Average Life to Maturity at the time such Indebtedness is incurred that is less than the
Weighted Average Life to Maturity at such time of the Indebtedness being refinanced, modified, replaced, renewed, restated, refunded, deferred, extended, substituted, supplemented, reissued or resold. 

“Registration Rights Agreement” means the Registration Rights Agreement dated as of the Issue Date, among the
Company, Holdings, the Guarantors party thereto and Goldman Sachs & Co. LLC and Morgan Stanley & Co. LLC, as representatives of the initial purchasers of the Initial Notes, as amended and supplemented from time to time in
accordance with the terms thereof. 
 “Representative” means the indenture trustee or other trustee, agent
or representative in respect of any Designated Senior Debt; provided that if, and for so long as, any Designated Senior Debt lacks such a representative, then the Representative for such Designated Senior Debt shall at all times constitute
the holders of a majority in outstanding principal amount of such Designated Senior Debt in respect of any Designated Senior Debt. 

  
 23 

 “Required Premiums” has the meaning set forth in the
definition of Refinancing Indebtedness. 
 “Responsible Officer” means, when used with respect to the
Trustee, any officer within the Corporate Trust Administration of the Trustee (or any successor group of the Trustee) who has direct responsibility for the administration of this Indenture and means, with respect to a particular corporate trust
matter, any other officer to whom such matter is referred because of his knowledge of and familiarity with the particular subject. 

“Restricted Subsidiary” of any Person means any Subsidiary of such Person which at the time of determination
is not an Unrestricted Subsidiary. 
 “S&P” means S&P Global Ratings (a division of S&P Global
Inc.), or any successor thereto. 
 “Sale and Leaseback Transaction” means any direct or indirect
arrangement with any Person or to which any such Person is a party, providing for the leasing to the Company or a Restricted Subsidiary of the Company of any property, whether owned by the Company or any such Restricted Subsidiary at the Issue Date
or later acquired, which has been or is to be sold or transferred by the Company or such Restricted Subsidiary to such Person or to any other Person from whom funds have been or are to be advanced by such Person on the security of such property.

 “SEC” means the U.S. Securities and Exchange Commission. 

“Secured Debt” means any Indebtedness secured by a Lien. 

“Securities Act” means the Securities Act of 1933, as amended. 

“Securitization Entity” means a Wholly Owned Subsidiary of the Company (or another Person in which the
Company or any Subsidiary of the Company makes an Investment and to which the Company or any Subsidiary of the Company transfers accounts receivable or equipment and related assets) which engages in no activities other than in connection with the
financing of accounts receivable or equipment and (i) no portion of the Indebtedness or any other Obligations (contingent or otherwise) of which (A) is guaranteed by the Company or any Restricted Subsidiary of the Company (excluding
guarantees of obligations (other than the principal of, and interest on, Indebtedness) pursuant to Standard Securitization Undertakings); (B) is recourse to or obligates the Company or any Restricted Subsidiary of the Company in any way other
than pursuant to Standard Securitization Undertakings; or (C) subjects any property or asset of the Company or any Restricted Subsidiary of the Company, directly or indirectly, contingently or otherwise, to the satisfaction thereof, other than
pursuant to Standard Securitization Undertakings; (ii) with which neither the Company nor any Restricted Subsidiary of the Company has any material contract, agreement, arrangement or understanding other than on terms, taken as a whole, no less
favorable to the Company or such Restricted Subsidiary than those that might be obtained at the time from Persons that are not Affiliates of the Company, other than fees payable in the ordinary course of business in connection with servicing
receivables of such entity; (iii) to which neither the Company nor any Restricted Subsidiary of the Company has any obligations to maintain or preserve such entity’s financial condition or cause such entity to achieve certain levels

  
 24 

 
of operating results; and (iv) which is designated by the Board of Directors of the Company as a Securitization Entity. 

Any such designation by the Board of Directors of the Company shall be evidenced to the Trustee by filing with the Trustee a
certified copy of the Board Resolution of the Company giving effect to such designation and an Officers’ Certificate certifying that such designation complied with the foregoing conditions. 

For the avoidance of doubt, TransDigm Receivables LLC constitutes a Securitization Entity as of the Issue Date. 

“Senior Debt” means the principal of, premium, if any, and interest (including any interest accruing
subsequent to the filing of a petition of bankruptcy at the rate provided for in the documentation with respect thereto, whether or not such interest is an allowed claim under applicable law) on, any Indebtedness of the Company, Holdings or any
Guarantor, whether outstanding on the Issue Date or thereafter created, incurred or assumed, unless, in the case of any particular Indebtedness, the instrument creating or evidencing the same or pursuant to which the same is outstanding expressly
provides that such Indebtedness shall be subordinate or pari passu in right of payment to the Notes or the Guarantees, as the case may be. Without limiting the generality of the foregoing, “Senior Debt” shall also include the
principal of, premium, if any, interest (including any interest accruing subsequent to the filing of a petition of bankruptcy at the rate provided for in the documentation with respect thereto, whether or not such interest is an allowed claim under
applicable law) on, and all other amounts owing in respect of: (x) all monetary obligations of every nature of the Company, Holdings or any Guarantor under the Credit Facilities, including obligations to pay principal and interest,
reimbursement obligations under letters of credit, fees, expenses and indemnities, (y) all Interest Swap Obligations (and guarantees thereof) and (z) all obligations (and guarantees thereof) under Currency Agreements and Hedging
Agreements, in each case whether outstanding on the Issue Date or thereafter incurred. 
 Notwithstanding the foregoing,
“Senior Debt” shall not include (i) any Indebtedness of the Company, Holdings or a Guarantor to the Company, Holdings or to a Subsidiary of the Company, (ii) any Indebtedness of the Company, Holdings or any Guarantor to, or
guaranteed by the Company, Holdings or any Guarantor on behalf of, any shareholder, director, officer or employee of the Company, Holdings or any Subsidiary of the Company (including amounts owed for compensation) other than a shareholder who is
also a lender (or an Affiliate of a lender) under the Credit Facilities, (iii) any amounts payable or other liability to trade creditors arising in the ordinary course of business (including guarantees thereof or instruments evidencing such
liabilities but excluding secured purchase money obligations); (iv) Indebtedness represented by Disqualified Capital Stock, (v) any liability for federal, state, local or other taxes owed or owing by the Company, Holdings or any of the
Guarantors, (vi) that portion of any Indebtedness incurred in violation of Section 4.09 hereof (but, as to any such obligation, no such violation shall be deemed to exist for purposes of this clause (vi) if the holder(s) of such
obligation or their representative and the Trustee shall have received an Officers’ Certificate of the Company to the effect that the incurrence of such Indebtedness does not (or in the case of revolving credit indebtedness, that the incurrence
of the entire committed amount thereof at the date on which the initial borrowing thereunder is made would not) violate such provisions of this Indenture), (vii) Indebtedness which, when incurred and without respect to any election under

  
 25 

 
Section 1111(b) of Title 11, United States Code, is without recourse to the Company, Holdings or any of the Guarantors, as applicable, and (viii) any Indebtedness which is, by its
express terms, subordinated in right of payment to any other Indebtedness of the Company, Holdings or any of the Guarantors. 

“Senior Subordinated Debt” means, with respect to a Person, the 2024 Notes, the 2025 Notes, the 2026
Notes, the 2027 5.50% Notes, the 2027 7.50% Notes, the Notes and the UK Notes (in the case of the Company) and the UK Notes (in the case of TransDigm UK), Guarantees or the guarantees of the 2024 Notes, the 2025 Notes, the 2026 Notes, the
2027 5.50% Notes, the 2027 7.50% Notes and the UK Notes (in the case of a Guarantor or Holdings) and any other Indebtedness of such Person that specifically provides that such Indebtedness is to rank pari passu with the Notes or such
Guarantee, as the case may be, in right of payment and is not subordinated by its terms in right of payment to any Indebtedness or other obligation of such Person which is not Senior Debt of such Person. 

“Significant Subsidiary” means, with respect to any Person, any Restricted Subsidiary of such Person that
satisfies the criteria for a “significant subsidiary” set forth in Rule 1-02(w) of Regulation S-X under the Securities Act. 

“Standard Securitization Undertakings” means representations, warranties, covenants and indemnities entered
into by the Company or any Subsidiary of the Company which are reasonably customary, as determined in good faith by the Board of Directors of the Company, in an accounts receivable or equipment transaction. 

“Subsidiary” with respect to any Person, means (i) any corporation of which the outstanding Capital
Stock having at least a majority of the votes entitled to be cast in the election of directors under ordinary circumstances shall at the time be owned, directly or indirectly, by such Person; or (ii) any other Person of which at least a
majority of the voting interest under ordinary circumstances is at the time, directly or indirectly, owned by such Person. 

“TIA” means the Trust Indenture Act of 1939, as amended (15 U.S.C. §§ 77aaa-77bbbb) as in effect on
the date on which this Indenture is qualified under the TIA. 
 “Total Assets” means, as of any date, the
total consolidated assets of the Company and its Restricted Subsidiaries, as set forth on the Company’s most recently available internal consolidated balance sheet as of such date. 

“Transaction” means the offering of the Initial Notes as described in the Final Offering Memorandum
and the redemption of all outstanding 2024 Notes. 
 “Transaction Date” has the meaning set forth in the
definition of Consolidated Fixed Charge Coverage Ratio. 
 “TransDigm UK” means TransDigm UK Holdings plc,
a public limited company incorporated under the laws of England and Wales. 
 “Transfer Restricted Notes”
has the meaning set forth in the Appendix hereto. 

  
 26 

 “Trustee” means the party named as such above until a
successor replaces it in accordance with the applicable provisions of this Indenture and thereafter means the successor serving hereunder. 

“UK Notes” means TransDigm UK’s 6.875% Senior Subordinated Notes due 2026 issued under the Indenture
dated May 8, 2018, among TransDigm UK, the Company, Holdings and the guarantors from time to time party thereto and The Bank of New York Mellon Trust Company, N.A., as Trustee. 

“Unrestricted Subsidiary” of any Person means (i) any Subsidiary of such Person that at the time of
determination shall be, or continue to be, designated an Unrestricted Subsidiary by the Board of Directors of such Person in the manner provided below; and (ii) any Subsidiary of an Unrestricted Subsidiary. 

The Board of Directors of the Company may designate any Subsidiary (including any newly-acquired or newly-formed Subsidiary)
to be an Unrestricted Subsidiary unless such Subsidiary owns any Capital Stock of, or owns or holds any Lien on any property of, the Company or any other Subsidiary of the Company that is not a Subsidiary of the Subsidiary to be so designated or
another Unrestricted Subsidiary; provided that (i) the Company certifies to the Trustee that such designation complies with Section 4.07 hereof, and (ii) each Subsidiary to be so designated and each of its Subsidiaries has not
at the time of designation, and does not thereafter, create, incur, issue, assume, guarantee or otherwise become directly or indirectly liable with respect to any Indebtedness pursuant to which the lender has recourse to any of the assets of the
Company or any of its Restricted Subsidiaries. The Board of Directors of the Company may designate any Unrestricted Subsidiary to be a Restricted Subsidiary only if (x) immediately after giving effect to such designation, the Company is able to
incur at least $1.00 of additional Indebtedness (other than Permitted Indebtedness) in compliance with Section 4.09 hereof and (y) immediately before and immediately after giving effect to such designation, no Default or Event of Default
shall have occurred and be continuing. Any such designation by the Board of Directors of the Company shall be evidenced by a Board Resolution giving effect to such designation and an Officers’ Certificate certifying that such designation
complied with the foregoing provisions. 
 Actions taken by an Unrestricted Subsidiary will not be deemed to have been
taken, directly or indirectly, by the Company or any Restricted Subsidiary. 
 “Weighted Average Life to
Maturity” means, when applied to any Indebtedness at any date, the number of years obtained by dividing (i) the then-outstanding aggregate principal amount of such Indebtedness into (ii) the sum of the total of the products
obtained by multiplying: (A) the amount of each then-remaining installment, sinking fund, serial maturity or other required payment of principal, including payment at final maturity, in respect thereof by (B) the number of years
(calculated to the nearest one-twelfth) which will elapse between such date and the making of such payment. 

“Wholly Owned Subsidiary” of any Person means any Subsidiary of such Person of which all the outstanding
voting securities (other than in the case of a Restricted Subsidiary that is incorporated in a jurisdiction other than a State in the United States of America or the District of 

  
 27 

 
Columbia, directors’ qualifying shares or an immaterial amount of shares required to be owned by other Persons pursuant to applicable law) are owned by such Person or any Wholly Owned
Subsidiary of such Person. 
 SECTION 1.02. Other Definitions. 

 

					
	 Term
	  	Defined in
Section	 
	 “Acceleration Notice”
	  	 	6.02	 
	 “Affiliate Transaction”
	  	 	4.11(a)	 
	 “Appendix”
	  	 	2.01	 
	 “Authentication Order”
	  	 	2.02	 
	 “Blockage Notice”
	  	 	10.03, 12.03	 
	 “Change of Control Offer”
	  	 	4.15(a)	 
	 “Change of Control Payment Date”
	  	 	4.15(a)	 
	 “Covenant Defeasance”
	  	 	8.03	 
	 “Covenant Suspension Event”
	  	 	4.19(a)	 
	 “DTC”
	  	 	3.02	 
	 “Events of Default”
	  	 	6.01	 
	 “FATCA”
	  	 	13.15	 
	 “Guaranteed Obligations”
	  	 	11.01	 
	 “incur”
	  	 	4.09	 
	 “Initial Lien”
	  	 	4.12	 
	 “Legal Defeasance”
	  	 	8.02	 
	 “Net Proceeds Offer”
	  	 	4.10	 
	 “Net Proceeds Offer Amount”
	  	 	4.10	 
	 “Net Proceeds Offer Trigger Date”
	  	 	4.10	 
	 “Offer Period”
	  	 	3.09	 
	 “pay its Guarantee”
	  	 	12.03	 
	 “pay the Notes”
	  	 	10.03	 
	 “Paying Agent”
	  	 	2.03	 
	 “Payment Blockage Period”
	  	 	10.03, 12.03	 
	 “Payment Default”
	  	 	10.03, 12.03	 
	 “Purchase Date”
	  	 	3.09	 
	 “Ratio Indebtedness”
	  	 	4.09	 
	 “Reference Date”
	  	 	4.07	 
	 “Registrar”
	  	 	2.03	 
	 “Restricted Payment”
	  	 	4.07	 
	 “Reversion Date”
	  	 	4.19	 
	 “Surviving Entity”
	  	 	5.01(a)	 
	 “Suspended Covenants”
	  	 	4.19	 
	 “Suspension Date”
	  	 	4.19	 
	 “Suspension Period”
	  	 	4.19	 

  
 28 

 SECTION 1.03. Trust Indenture Act Definitions. 

Whenever this Indenture refers to a provision of the TIA, the provision is incorporated by reference in and made a part of
this Indenture. 
 The following TIA terms used in this Indenture have the following meanings: 

“indenture securities” means the Notes; 

“indenture trustee” means the Trustee; and 

“obligor” on the Notes and the Guarantees means the Company, Holdings and the Guarantors, respectively, and
any successor obligor upon the Notes and the Guarantees, respectively. 
 All other terms used in this Indenture that are
defined by the TIA, defined by TIA reference to another statute or defined by SEC rule under the TIA have the meanings so assigned to them. 

SECTION 1.04. Rules of Construction. 

Unless the context otherwise requires: 

(1) a term has the meaning assigned to it; 

(2) an accounting term not otherwise defined has the meaning assigned to it in accordance with GAAP; 

(3) “or” is not exclusive; 

(4) words in the singular include the plural, and in the plural include the singular; 

(5) provisions apply to successive events and transactions; 

(6) references to sections of or rules under the Securities Act shall be deemed to include substitute,
replacement or successor sections or rules adopted by the SEC from time to time; and 
 (7) references
in this Indenture, in any context, to any interest or other amount payable on or with respect to the Notes shall be deemed to include any Additional Interest that is payable pursuant to the Registration Rights Agreement. 

  
 29 

 ARTICLE II 

THE NOTES 

SECTION 2.01. Form and Dating. 

Provisions relating to the Initial Notes, the Private Exchange Notes and the Exchange Notes are set forth in the
Rule 144A/Regulation S Appendix attached hereto (the “Appendix”), which is hereby incorporated in and expressly made part of this Indenture. The Initial Notes and the Trustee’s certificate of authentication with respect
thereto shall be substantially in the form of Exhibit A to the Appendix, which is hereby incorporated in and expressly made a part of this Indenture. The Exchange Notes, the Private Exchange Notes and the Trustee’s certificate of
authentication with respect thereto shall be substantially in the form of Exhibit B to the Appendix, which is hereby incorporated in and expressly made a part of this Indenture. The Notes may have notations, legends or endorsements required by
law, stock exchange rule, agreements to which the Company is subject, if any, or usage (provided that any such notation, legend or endorsement is in a form acceptable to the Company). Each Note shall be dated the date of its authentication.
The terms of the Notes set forth in the Appendix and Exhibits A and B to the Appendix are part of the terms of this Indenture. 

SECTION 2.02. Execution and Authentication. 

Two Officers shall sign the Notes for the Company by manual or facsimile signature. 

If an Officer whose signature is on a Note no longer holds that office at the time the Trustee authenticates the Note, the
Note shall be valid nevertheless. 
 A Note shall not be valid until an authorized signatory of the Trustee manually,
electronically or by facsimile signs the certificate of authentication on the Note. The signature shall be conclusive evidence that the Note has been authenticated under this Indenture. 

On the Issue Date, the Trustee shall authenticate and deliver $1,200,000,000 of 4.625% Senior Subordinated Notes due 2029 and,
at any time and from time to time thereafter, the Trustee shall authenticate and deliver Notes for original issue in an aggregate principal amount specified in such order, in each case upon a written order of the Company signed by two Officers or by
an Officer and an Assistant Secretary of the Company (each, an “Authentication Order”). Such Authentication Order shall specify the amount of the Notes to be authenticated and the date on which the original issue of Notes is to be
authenticated, whether the Notes are to be Initial Notes, Additional Notes, Exchange Notes or Private Exchange Notes or such other information as the Trustee shall reasonably request and, in the case of an issuance of Additional Notes pursuant to
Section 2.14 after the Issue Date, shall certify that such issuance is in compliance with Section 4.09. 
 The
Notes shall be issued only in registered form, without coupons and only in denominations of $2,000 and integral multiples of $1,000 in excess thereof. 

  
 30 

 The Trustee may appoint an authenticating agent acceptable to the Company to
authenticate the Notes. Unless limited by the terms of such appointment, an authenticating agent may authenticate Notes whenever the Trustee may do so. Each reference in this Indenture to authentication by the Trustee includes authentication by such
agent. An authenticating agent has the same rights as the Registrar or any Paying Agent or agent for service of notices and demands. 

In authenticating such Notes, and accepting the additional responsibilities under this Indenture in relation to such Notes,
the Trustee shall receive, and shall be fully protected in relying upon: 
 (a) A copy of the resolution or resolutions of
the Board of Directors in or pursuant to which the terms and form of the Notes were established, certified by the Secretary or an Assistant Secretary of the Company, to have been duly adopted by the Board of Directors and to be in full force and
effect as of the date of such certificate, and if the terms and form of such Notes are established by an Officers’ Certificate pursuant to general authorization of the Board of Directors, such Officers’ Certificate; 

(b) an executed supplemental indenture, if any; 

(c) an Officers’ Certificate delivered in accordance with Section 13.05 hereof; and 

(d) an Opinion of Counsel which shall state that the Notes have been duly authorized by all necessary corporate action of the
Company and, when executed, issued and authenticated in accordance with the terms of this Indenture and delivered by the Trustee, will be the legally valid and binding obligations of the Company, enforceable against the Company in accordance with
their terms, subject to any conditions and qualifications specified in such Opinion of Counsel. 
 SECTION 2.03.
Registrar and Paying Agent. 
 The Company shall maintain an office or agency where Notes may be presented for
registration of transfer or for exchange (the “Registrar”) and an office or agency where Notes may be presented for payment (the “Paying Agent”). The Registrar shall keep a register of the Notes and of their
registration of transfer and exchange. The Company may have one or more additional paying agents. The term “Paying Agent” includes any additional paying agent. The Company may change any Paying Agent or the Registrar without notice to any
Holder. 
 The Company shall enter into an appropriate agency agreement with the Registrar or any Paying Agent not a party
to this Indenture, which shall incorporate the terms of the TIA. The agency agreement shall implement the provisions of this Indenture that relate to such agent. The Company shall notify the Trustee in writing of the name and address of any such
agent. If the Company fails to appoint or maintain a Registrar or Paying Agent, the Trustee shall act as such and shall be entitled to appropriate compensation therefor pursuant to Section 7.07. The Company or any Wholly Owned Subsidiary of the
Company incorporated or organized within the United States of America may act as Paying Agent, Registrar or transfer agent. 

  
 31 

 The Company initially appoints the Depository (as defined in the Appendix)
to act as depositary with respect to the Global Notes (as defined in the Appendix). 
 The Company initially appoints the
Trustee as Registrar and Paying Agent in connection with the Notes. The Registrar and Paying Agent shall be entitled to the rights and immunities of the Trustee hereunder. 

SECTION 2.04. Paying Agent to Hold Money in Trust. 

Prior to 10:00 a.m., New York time, on or prior to each due date of the principal, premium, if any, and interest on any
Note, the Company shall deposit with the Paying Agent a sum sufficient to pay such principal, premium and interest when so becoming due. The Company shall require each Paying Agent (other than the Trustee) to agree in writing that the Paying Agent
shall hold in trust for the benefit of Holders or the Trustee all money held by the Paying Agent for the payment of principal of, premium, if any, or interest on the Notes and shall notify the Trustee in writing of any default by the Company in
making any such payment. While any such default continues, the Trustee may require a Paying Agent to pay all money held by it to the Trustee. If the Company or a Subsidiary of the Company acts as Paying Agent, it shall segregate the money held by it
as Paying Agent and hold it as a separate trust fund. The Company at any time may require a Paying Agent to pay all money held by it to the Trustee and to account for any funds disbursed by the Paying Agent. Upon complying with this Section, the
Paying Agent (if other than the Company or a Subsidiary of the Company) shall have no further liability for the money delivered to the Trustee. Upon any bankruptcy or reorganization proceedings relating to the Company, the Trustee shall serve as
Paying Agent for the Notes. 
 SECTION 2.05. Holder Lists. 

The Trustee shall preserve in as current a form as is reasonably practicable the most recent list available to it of the names
and addresses of Holders and shall otherwise comply with TIA § 312(a). If the Trustee is not the Registrar, the Company shall furnish to the Trustee, at least seven Business Days before each interest payment date and at such other times as the
Trustee may request in writing, a list in such form and as of such date as the Trustee may reasonably require of the names and addresses of Holders, and the Company shall otherwise comply with TIA § 312(a). 

SECTION 2.06. Transfer and Exchange. 

(a) The Notes shall be issued in registered form and shall be transferable only upon the surrender of a Note being transferred
for registration of transfer. When a Note is presented to the Registrar with a request to register a transfer, such Registrar shall register the transfer as requested if the requirements of this Indenture and
Section 8-401(a) of the Uniform Commercial Code are met. When Notes are presented to the Registrar with a request to exchange them for an equal principal amount of Notes of other denominations, the
Registrar shall make the exchange as requested if the same requirements are met. No service charge shall be made for any registration of transfer or exchange or redemption of the Notes, but the Company may require payment of a sum sufficient to
cover any transfer tax or similar governmental charge payable in connection therewith (other than any such transfer taxes or other similar governmental charge payable upon exchange or transfer pursuant to Section 2.10, 3.06, 3.09, 4.10, 4.15 or
9.05 hereof). 

  
 32 

 (b) The Registrar shall not be required to register the transfer of or
exchange any Note selected for redemption in whole or in part, except the unredeemed portion of any Note being redeemed in part. 

(c) All Notes issued upon any registration of transfer or exchange of Notes shall be the valid obligations of the Company,
evidencing the same debt, and entitled to the same benefits under this Indenture, as the Notes surrendered upon such registration of transfer or exchange. 

(d) The Company shall not be required (i) to issue, to register the transfer of or to exchange any Notes during a period
beginning at the opening of business 15 days before the day of the mailing of notice of redemption under Section 3.03 hereof and ending at the close of business on such day, (ii) to register the transfer of or to exchange any Note so
selected for redemption in whole or in part, except the unredeemed portion of any Note being redeemed in part or (iii) to register the transfer of or to exchange a Note between a record date and the next succeeding interest payment date. 

(e) Any Holder of a Global Note shall, by acceptance of such Global Note, agree that transfers of beneficial interests in such
Global Note may be effected only through a book-entry system maintained by (i) the Holder of such Global Note (or its agent or the person on whose behalf the Global Note is held) or (ii) any Holder of a beneficial interest in such Global
Note, and that ownership of beneficial interest in such Global Note shall be required to be reflected in a book entry. 

(f) Prior to due presentment for the registration of a transfer of any Note, the Trustee, any Paying Agent, the Registrar and
the Company may deem and treat the Person in whose name any Note is registered as the absolute owner of such Note for the purpose of receiving payment of principal of, premium, if any, and interest on such Notes and for all other purposes, and none
of the Trustee, any Paying Agent, the Registrar or the Company shall be affected by notice to the contrary. 
 (g) None of
the Company, the Trustee, any agent of the Company or the Trustee (including any Paying Agent or Registrar) will have any responsibility or liability for any aspect of the records relating to or payments made on account of beneficial ownership
interests of a global Note or for maintaining, supervising or reviewing any records relating to such beneficial ownership interests. 

(h) The Trustee shall have no obligation or duty to monitor, determine or inquire as to compliance with any restrictions on
transfer imposed under this Indenture or under applicable law with respect to any transfer of any interest in any Note (including any transfers between or among depositary participants or beneficial owners of interest in any global security) other
than to require delivery of such certificates and other documentation or evidence as are expressly required by, and to do so if and when expressly required by the terms of, this Indenture, and to examine the same to determine substantial compliance
as to form with the express requirements hereof. 

  
 33 

 SECTION 2.07. Replacement Notes. 

If a mutilated Note is surrendered to the Registrar, or if the Holder of a Note claims that the Note has been lost, destroyed
or wrongfully taken, the Company shall issue and the Trustee shall authenticate a replacement Note if the requirements of Section 8-405 of the Uniform Commercial Code are met and the Holder satisfies any
other reasonable requirements of the Trustee. If required by the Trustee or the Company, such Holder shall furnish an indemnity or a security bond sufficient in the judgment of the Company and the Trustee to protect the Company, the Trustee, the
Paying Agent and the Registrar from any loss which any of them may suffer if a Note is replaced. The Company and the Trustee may charge the Holder for their expenses in replacing a Note. 

Every replacement Note is an additional obligation of the Company and shall be entitled to all of the benefits of this
Indenture equally and proportionally with all other Notes duly issued hereunder. 
 SECTION 2.08. Outstanding Notes.

 Notes outstanding at any time are all Notes authenticated by the Trustee except for those canceled by it, those
reductions in the interest in a Global Note effected by the Trustee in accordance with the provisions of this Indenture, those delivered to it for cancellation and those described in this Section as not outstanding. Except as set forth in
Section 2.09 hereof, a Note does not cease to be outstanding because the Company or an Affiliate of the Company holds the Note. 

If a Note is replaced pursuant to Section 2.07 hereof, it ceases to be outstanding unless the Trustee and the Company
receive proof satisfactory to them that the replaced Note is held by a bona fide purchaser. 
 If the principal amount of
any Note is considered paid under Section 4.01 hereof, it ceases to be outstanding, and interest on it ceases to accrue. 

If the Paying Agent (other than the Company, a Subsidiary or an Affiliate of any thereof) segregates and holds in trust, in
accordance with this Indenture, on a redemption date or maturity date money sufficient to pay all principal, premium, if any, and interest payable on that date with respect to the Notes (or portions thereof) to be redeemed or maturing, as the case
may be, then, on and after that date, such Notes (or portions thereof) shall cease to be outstanding, and interest on them shall cease to accrue. 

SECTION 2.09. Treasury Notes. 

In determining whether the Holders of the required principal amount of Notes have concurred in any direction, waiver or
consent, Notes owned by the Company, or by any Person directly or indirectly controlling or controlled by or under direct or indirect common control with the Company, shall be considered as though not outstanding, except that for the purposes of
determining whether the Trustee shall be protected in relying on any such direction, waiver or consent, only Notes that a Responsible Officer of the Trustee actually knows are so owned shall be so disregarded. 

  
 34 

 SECTION 2.10. Temporary Notes. 

Until Definitive Notes are ready for delivery, the Company may prepare, and the Trustee, upon receipt of an Authentication
Order, shall authenticate, temporary Notes. Temporary Notes shall be substantially in the form of Definitive Notes but may have variations that the Company considers appropriate for temporary Notes and as shall be reasonably acceptable to the
Trustee. Without unreasonable delay, the Company shall prepare, and the Trustee shall authenticate, Definitive Notes and deliver them in exchange for temporary Notes. Holders of temporary Notes shall be entitled to all of the benefits of this
Indenture. 
 SECTION 2.11. Cancellation. 

The Company at any time may deliver Notes to the Trustee for cancellation. The Registrar and the Paying Agent shall forward to
the Trustee any Notes surrendered to them for registration of transfer, exchange or payment. The Trustee and no one else shall cancel (subject to the record retention requirements of the Exchange Act) all Notes surrendered for registration of
transfer, exchange, payment, replacement or cancellation in accordance with its customary procedures and, if requested in writing, deliver a certificate of such disposal to the Company unless the Company directs the Trustee in writing to deliver
canceled Notes to the Company. The Company may not issue new Notes to replace Notes that it has redeemed, paid or that have been delivered to the Trustee for cancellation. 

SECTION 2.12. Defaulted Interest. 

If the Company defaults in a payment of interest on the Notes, the Company shall pay defaulted interest (plus interest on such
defaulted interest at the applicable interest rate on the Notes to the extent lawful) in any lawful manner. The Company may pay the defaulted interest to the Persons who are Holders on a subsequent special record date. The Company shall fix or cause
to be fixed any such special record date and payment date to the reasonable satisfaction of the Trustee (provided that no such special record date shall be less than 10 days prior to the related payment date for such defaulted interest) and
shall promptly mail or cause to be mailed to each Holder a notice that states the special record date, the related payment date and the amount of defaulted interest to be paid. 

SECTION 2.13. CUSIP or ISIN Numbers. 

The Company in issuing the Notes may use “CUSIP”, “ISIN” or other similar identification numbers (if then
generally in use), and, if so, the Trustee shall use “CUSIP”, “ISIN” or such other similar identification numbers in notices of redemption or repurchase as a convenience to Holders; provided, however, that any such
notice may state that no representation is made as to the correctness of such numbers either as printed on the Notes or as contained in any notice of a redemption and that reliance may be placed only on the other identification numbers printed on
the Notes, and any such redemption shall not be affected by any defect in or the omission of such numbers. The Company shall promptly notify the Trustee of any change in the “CUSIP”, “ISIN” or such other similar identification
numbers. 

  
 35 

 SECTION 2.14. Issuance of Additional Notes. 

The Company shall be entitled, subject to its compliance with Section 4.09, to issue Additional Notes under this
Indenture which shall have identical terms as the Initial Notes issued on the Issue Date, other than with respect to the date of issuance and issue price. The Initial Notes issued on the Issue Date, any Additional Notes and all Exchange Notes or
Private Exchange Notes issued in exchange therefor shall be treated as a single class for all purposes under this Indenture. 

With respect to any Additional Notes, the Company shall set forth in a Board Resolution and an Officers’ Certificate of
the Company, a copy of each which shall be delivered to the Trustee, the following information: 
 (1) the
aggregate principal amount of such Additional Notes to be authenticated and delivered pursuant to this Indenture; 

(2) the issue price, the issue date and the “CUSIP”, “ISIN” or other similar identification
numbers of such Additional Notes; 
 (3) whether such Additional Notes shall be Transfer Restricted Notes and
issued in the form of Initial Notes as set forth in the Appendix to this Indenture or shall be issued in the form of Exchange Notes as set forth in Exhibit B to the Appendix; and 

(4) if any Additional Notes are not fungible with any of the Notes then outstanding for U.S. federal income tax
purposes, such Additional Notes will have a separate CUSIP number. 
 ARTICLE III 

REDEMPTION AND PREPAYMENT 

SECTION 3.01. Notices to Trustee. 

If the Company elects to redeem Notes pursuant to the optional redemption provisions of Section 3.07 hereof, it shall
furnish to the Trustee, at least 45 days but not more than 60 days (or such shorter period, as agreed to by the Trustee) before a redemption date, an Officers’ Certificate setting forth (i) the redemption date, (ii) the
redemption price and (iii) the “CUSIP”, “ISIN” or other similar identification numbers of the Notes to be redeemed. 

SECTION 3.02. Selection of Notes to Be Redeemed. 

If less than all of the Notes are to be redeemed or purchased in an offer to purchase at any time, The Depository Trust
Company (“DTC”) shall select the Notes to be redeemed or purchased among the Holders in compliance with the requirements of the principal national securities exchange, if any, on which the Notes are listed; or, if the Notes are not
so listed, by lot or otherwise in accordance with the procedures of DTC. In the event of partial redemption by lot, the particular Notes to be redeemed shall be selected, unless otherwise provided herein, not less than 30 nor more than 60 days prior
to the redemption date from the outstanding Notes not previously called for redemption. 

  
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 Notes and portions of Notes selected shall be in a principal amount of
$2,000 or in integral multiples of $1,000 in excess thereof. The provisions of this Indenture that apply to Notes called for redemption also apply to portions of Notes called for redemption. 

SECTION 3.03. Notice of Redemption. 

Subject to the provisions of Section 3.09 hereof, at least 30 days but not more than 60 days before a redemption date,
the Company shall send to DTC in the case of Global Notes, or mail or cause to be mailed, by first class mail, a notice of redemption to each Holder whose Notes are to be redeemed at its registered address in the case of certificated notes. 

The notice shall identify the Notes to be redeemed, including “CUSIP”, “ISIN” or other similar
identification numbers, if any, and shall state: 
 (a) the redemption date; 

(b) the redemption price (or manner of calculation if not then known); 

(c) if any Note is being redeemed in part, the portion of the principal amount of such Note to be redeemed and that, after the
redemption date upon surrender of such Note, a new Note or Notes in principal amount equal to the unredeemed portion shall be issued upon cancellation of the original Note; 

(d) the name and address of the Paying Agent; 

(e) that Notes called for redemption must be surrendered to the Paying Agent to collect the redemption price; 

(f) that, unless the Company defaults in making such redemption payment, interest on Notes called for redemption ceases to
accrue on and after the redemption date; 
 (g) the paragraph of the Notes and/or Section of this Indenture pursuant to
which the Notes called for redemption are being redeemed; and 
 (h) that no representation is made as to the correctness or
accuracy of the “CUSIP”, “ISIN” or other similar identification number, if any, listed in such notice or printed on the Notes. 

At the Company’s request, the Trustee shall give the notice of redemption in the Company’s name and at its expense;
provided, however, that the Company shall have delivered to the Trustee, at least five (5) days prior to the date the Company wishes the notice to be given, an Officers’ Certificate requesting that the Trustee give such
notice and setting forth the information to be stated in such notice as provided in the preceding paragraph. 

  
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 SECTION 3.04. Effect of Notice of Redemption. 

Once notice of redemption is sent or mailed in accordance with Section 3.03 hereof, Notes called for redemption become
irrevocably due and payable on the redemption date at the redemption price. A notice of redemption may not be conditional. 

SECTION 3.05. Deposit of Redemption Price. 

Prior to 10:00 a.m. New York time on the redemption date, the Company shall deposit with the Trustee or with the Paying Agent
money sufficient to pay the redemption price of, and accrued interest on, all Notes to be redeemed on that date. The Trustee or the Paying Agent shall promptly return to the Company any money deposited with the Trustee or the Paying Agent by the
Company in excess of the amounts necessary to pay the redemption price of, and accrued interest on, all Notes to be redeemed. 

If the Company complies with the provisions of the preceding paragraph, on and after the redemption date, interest shall cease
to accrue on the Notes or the portions of Notes called for redemption. If a Note is redeemed on or after an interest record date but on or prior to the related interest payment date, then any accrued and unpaid interest shall be paid to the Person
in whose name such Note was registered at the close of business on such record date. If any Note called for redemption shall not be so paid upon surrender for redemption because of the failure of the Company to comply with the preceding paragraph,
interest shall be paid on the unpaid principal, from the redemption date until such principal is paid, and, to the extent lawful, on any interest not paid on such unpaid principal, in each case at the applicable interest rate on the Notes. 

SECTION 3.06. Notes Redeemed in Part. 

Upon surrender of a Note in the form of a certificated note that is redeemed in part, the Company shall issue and, upon the
Company’s written request, the Trustee shall authenticate for the Holder at the expense of the Company, a new Note equal in principal amount to the unredeemed portion of the Note surrendered. 

SECTION 3.07. Optional Redemption. 

(a) Beginning on the Initial Redemption Date, the Company shall be entitled to redeem the Notes (which includes Additional
Notes, if any) at its option, in whole or in part, upon not less than 30 nor more than 60 days’ notice, at the following redemption prices (expressed as percentages of the principal amount thereof) (subject to the right of Holders of record on
the relevant record date to receive interest due on the related interest payment date) if redeemed during the twelve-month period commencing on January 15 of the year set forth below: 

 

					
	 Year
	  	Percentage	 
	 2024
	  	 	102.313	% 
	 2025
	  	 	101.156	% 
	 2026 and thereafter
	  	 	100.000	% 

  
 38 

 (b) The Company shall pay all accrued and unpaid interest on the Notes
redeemed (subject to the right of Holders of record on the relevant record date to receive interest due on the related interest payment date). 

(c) Any redemption pursuant to this Section 3.07 shall be made pursuant to the provisions of Sections 3.01 through 3.06
hereof. 
 (d) In addition, prior to the Initial Redemption Date, the Company shall be entitled at its option on one or more
occasions to redeem Notes (which includes Additional Notes, if any) in an aggregate principal amount not to exceed 35% of the aggregate principal amount of the Notes (which includes Additional Notes, if any) originally issued at a redemption price
(calculated by the Company and expressed as a percentage of principal amount) of 104.625%, plus accrued and unpaid interest, if any, to, but excluding, the redemption date (subject to the right of Holders of record on the relevant record date to
receive interest due on the relevant interest payment date), with an amount not to exceed the net cash proceeds from one or more Equity Offerings (provided that if the Equity Offering is an offering by Holdings, a portion of the Net Cash
Proceeds thereof equal to the amount required to redeem any such Notes is contributed to the equity capital of the Company); provided, however, that: (1) at least 65% of such aggregate principal amount of Notes (which includes
Additional Notes, if any) remains outstanding immediately after the occurrence of each such redemption (other than Notes held, directly or indirectly by the Company or its Affiliates); and (2) each such redemption occurs within 90 days after
the date of the related Equity Offering. 
 (e) Notice of any redemption upon any Equity Offering may be given prior to the
completion thereof, and any such redemption or notice may, at the Company’s discretion, be subject to the completion of the related Equity Offering. 

(f) Prior to the Initial Redemption Date, the Company shall be entitled at its option to redeem all or a portion of the Notes
at a redemption price (calculated by the Company) equal to 100% of the principal amount of the Notes plus the Applicable Premium as of, and accrued and unpaid interest, if any, to, but excluding, the redemption date (subject to the right of Holders
on the relevant record date to receive interest due on the relevant interest payment date). Notice of such redemption shall be sent to DTC in the case of Global Notes, or mailed by first-class mail to each Holder’s registered address in the
case of certificated notes (and, to the extent permitted by applicable procedures and regulations, electronically), not less than 30 nor more than 60 days prior to the redemption date. 

SECTION 3.08. No Mandatory Redemption; Open Market Purchases. 

(a) The Company is not required to make any mandatory redemption or sinking fund payments with respect to the Notes. 

(b) The Company shall be entitled at its option at any time and from time to time to purchase Notes in the open market or
otherwise. 

  
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 SECTION 3.09. Offer to Purchase by Application of Net Proceeds Offer
Amount. 
 In the event that, pursuant to Section 4.10 hereof, the Company shall be required to commence a Net
Proceeds Offer, it shall follow the procedures specified below. 
 The Net Proceeds Offer shall remain open for a period of
20 Business Days following its commencement or such longer period as may be required by applicable law (the “Offer Period”). No later than five Business Days after the termination of the Offer Period (the “Purchase
Date”), the Company shall purchase the Net Proceeds Offer Amount (as defined in Section 4.10 hereof) or, if less than the Net Proceeds Offer Amount has been tendered, all Notes tendered in response to the Net Proceeds Offer. Payment
for any Notes so purchased shall be made in the same manner as interest payments are made. 
 If the Purchase Date is on or
after an interest record date and on or before the related interest payment date, any accrued and unpaid interest shall be paid to the Person in whose name a Note is registered at the close of business on such record date, and no additional interest
shall be payable to Holders who tender Notes pursuant to the Net Proceeds Offer. 
 Upon the commencement of a Net Proceeds
Offer, the Company shall send, by first class mail, a notice to the Trustee and each of the Holders. The notice shall contain all instructions and materials necessary to enable such Holders to tender Notes pursuant to the Net Proceeds Offer. The Net
Proceeds Offer shall be made to all Holders. The notice, which shall govern the terms of the Net Proceeds Offer, shall state: 

(a) that the Net Proceeds Offer is being made pursuant to this Section 3.09 and Section 4.10 hereof
and the length of time the Net Proceeds Offer shall remain open and, if the Net Proceeds Offer is also made to holders of other Senior Subordinated Debt of the Company or a Restricted Subsidiary of the Company pursuant to Section 4.10 hereof,
the notice shall identify such Senior Subordinated Debt and state that the Net Proceeds Offer is also made to holders of such Senior Subordinated Debt; 

(b) the Net Proceeds Offer Amount, the purchase price and the Purchase Date; 

(c) that any Note not tendered or accepted for payment shall continue to accrue interest; 

(d) that, unless the Company defaults in making such payment, any Note accepted for payment pursuant to the Net
Proceeds Offer shall cease to accrue interest after the Purchase Date; 
 (e) that Holders electing to have a
portion of a Note purchased pursuant to a Net Proceeds Offer may only elect to have such Note purchased in denominations of $2,000 and integral multiples of $1,000 in excess thereof; 

(f) that Holders electing to have a Note purchased pursuant to any Net Proceeds Offer shall be required to
surrender the Note, with the form entitled “Option of Holder to Elect Purchase” on the reverse of the Note completed, or transfer by book-entry transfer, 

  
 40 

 
to the Company, a depositary, if appointed by the Company, or a Paying Agent at the address specified in the notice at least three days before the Purchase Date; 

(g) that Holders shall be entitled to withdraw their election if the Company, the depositary or the Paying
Agent, as the case may be, receives, not later than the expiration of the Offer Period, a telegram, telex, facsimile transmission or letter setting forth the name of the Holder, the principal amount of the Note the Holder delivered for purchase and
a statement that such Holder is withdrawing its election to have such Note purchased; 
 (h) that, if the
aggregate principal amount of Notes surrendered by Holders and other Senior Subordinated Debt surrendered by the holders thereof exceeds the Offer Amount, the Company shall select the Notes and other Senior Subordinated Debt of the Company or a
Restricted Subsidiary of the Company to be purchased in accordance with the depository’s procedures (based on the amounts of Notes and such other Senior Subordinated Debt tendered and with such adjustments as may be deemed appropriate by the
Company so that only Notes or other Senior Subordinated Debt in denominations of $2,000 and integral multiples of $1,000 in excess thereof, shall be purchased); and 

(i) that Holders whose Notes were purchased only in part shall be issued new Notes equal in principal amount to
the unpurchased portion of the Notes surrendered (or transferred by book-entry transfer). 
 On or before the Purchase Date,
the Company shall, to the extent lawful, accept for payment, on a pro rata basis to the extent necessary, the Net Proceeds Offer Amount of Notes and other Senior Subordinated Debt of the Company or a Restricted Subsidiary of the Company or
portions thereof tendered pursuant to the Net Proceeds Offer, or if less than the Net Proceeds Offer Amount has been tendered, all Notes and other Senior Subordinated Debt of the Company or a Restricted Subsidiary of the Company or portions thereof
tendered, and shall deliver to the Trustee an Officers’ Certificate stating that such Notes or such other Senior Subordinated Debt or portions thereof were accepted for payment by the Company in accordance with the terms of this
Section 3.09. The Company, DTC or the Paying Agent, as the case may be, shall promptly (but in any case not later than five days after the Purchase Date) mail or deliver to each tendering Holder an amount equal to the purchase price of the
Notes tendered by such Holder and accepted by the Company for purchase, and the Company shall promptly issue (or cause to be delivered by book-entry transfer) a new Note, and the Trustee, with respect to a Note in certificated form, upon written
request from the Company, shall authenticate and mail or deliver such new Note to such Holder, in a principal amount equal to any unpurchased portion of the Note surrendered. Any Note not so accepted shall be promptly mailed or delivered by the
Company to the Holder thereof. The Company shall publicly announce the results of the Net Proceeds Offer on the Purchase Date. 

Other than as specifically provided in this Section 3.09, any purchase pursuant to this Section 3.09 shall be made
pursuant to the provisions of Sections 3.01 through 3.06 hereof. 
 To the extent that the provisions of any securities
laws or regulations conflict with this Section 3.09 or Section 4.10 hereof, the Company shall comply with the applicable securities laws and regulations and shall not be deemed to have breached its obligations under this Section 3.09
or Section 4.10 hereof. 

  
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 ARTICLE IV 

COVENANTS 

SECTION 4.01. Payment of Notes. 

The Company shall pay or cause to be paid the principal amount, premium, if any, and interest on the Notes on the dates and in
the manner provided in the Notes. Principal amount, premium, if any, and interest shall be considered paid on the date due if the Paying Agent, if other than the Company or a Subsidiary thereof, holds as of 10:00 a.m. New York time on the due
date money deposited by the Company in immediately available funds and designated for and sufficient to pay all principal amount, premium, if any, and interest then due. The Company shall pay all Additional Interest, if any, on the Transfer
Restricted Notes in the same manner on the same dates and in the amounts set forth in the Registration Rights Agreement. 

The Company shall pay interest (including post-petition interest in any proceeding under any Bankruptcy Law) on overdue
principal at a rate equal to the then applicable interest rate on the Notes to the extent lawful; it shall pay interest (including postpetition interest in any proceeding under any Bankruptcy Law) on overdue installments of interest (without regard
to any applicable grace period) at the same rate to the extent lawful. 
 SECTION 4.02. Maintenance of Office or
Agency. 
 The Company shall maintain an office or agency (which may be an office of the Trustee or an affiliate of the
Trustee or any Registrar) where Notes may be surrendered for registration of transfer or for exchange and where notices and demands to or upon the Company in respect of the Notes and this Indenture may be served. The Company shall give prompt
written notice to the Trustee of the location, and any change in the location, of such office or agency. If at any time the Company shall fail to maintain any such required office or agency or shall fail to furnish the Trustee with the address
thereof, such presentations, surrenders, notices and demands may be made or served at the Corporate Trust Office of the Trustee. 

The Company may also from time to time designate one or more other offices or agencies where the Notes may be presented or
surrendered for any or all such purposes and may from time to time rescind such designations; provided, however, that no such designation or rescission shall in any manner relieve the Company of its obligation to maintain an office or
agency for such purposes. The Company shall give prompt written notice to the Trustee of any such designation or rescission and of any change in the location of any such other office or agency. 

The Company hereby designates the Corporate Trust Office of the Trustee as one such office or agency of the Company in
accordance with Section 2.03 hereof. 
 SECTION 4.03. Reports. 

(a) Whether or not required by the rules and regulations of the SEC, so long as any Notes are outstanding, the Company shall
furnish to the Holders (i) all quarterly and annual financial information that would be required to be contained in a filing with the SEC on Forms 10-Q and 10-K if
the Company were required to file such Forms, including a “Management’s 

  
 42 

 
Discussion and Analysis of Financial Condition and Results of Operations” that describes the financial condition and results of operations of the Company and its consolidated Subsidiaries
(showing in reasonable detail, either on the face of the financial statements or in the footnotes thereto and in Management’s Discussion and Analysis of Financial Condition and Results of Operations, the financial condition and results of
operations of the Company and its Restricted Subsidiaries separate from the financial condition and results of operations of the Unrestricted Subsidiaries of the Company) and, with respect to the annual information only, a report thereon by the
Company’s certified independent accountants and (ii) all current reports that would be required to be filed with the SEC on Form 8-K if the Company were required to file such reports, in each
case, within the time periods specified in the SEC’s rules and regulations. For so long as Holdings or another direct or indirect parent company of the Company is a guarantor of the Notes, this Indenture will permit the Company to satisfy
its obligations under the first sentence of this Section 4.03(a) by furnishing financial information relating to Holdings; provided that the same is accompanied by consolidating information that explains in reasonable detail the
differences between the information relating to Holdings, on the one hand, and the information relating to the Company and its Restricted Subsidiaries on a stand-alone basis, on the other hand. In addition, whether or not required by the
rules and regulations of the SEC, the Company shall file a copy of all such information and reports with the SEC for public availability within the time periods specified in the SEC’s rules and regulations (unless the SEC will not
accept such a filing) and make such information available to securities analysts and prospective investors upon request. 

(b) The Company shall at all times comply with TIA § 314(a). 

(c) For so long as any Notes remain outstanding, the Company, Holdings and the Guarantors shall furnish to the Holders and
prospective investors, upon their request, the information required to be delivered pursuant to Rule 144A(d)(4) under the Securities Act. 

(d) Should the Company deliver to the Trustee any such information, reports or certificates or any annual reports,
information, documents and other reports pursuant to TIA § 314(a), delivery of such information, reports or certificates or any annual reports, information, documents and other reports to the Trustee is for informational purposes
only, and the Trustee’s receipt of such shall not constitute constructive notice of any information contained therein or determinable from information contained therein, including the Company’s compliance with any of its covenants
hereunder (as to which the Trustee is entitled to rely exclusively on Officers’ Certificates). 
 SECTION 4.04.
Compliance Certificate. 
 (a) The Company, Holdings and each Guarantor (to the extent that Holdings or such
Guarantor is so required under the TIA) shall deliver to the Trustee, within 90 days after the end of each fiscal year commencing in 2019, an Officers’ Certificate stating that a review of the activities of the Company and its Subsidiaries
during the preceding fiscal year has been made under the supervision of the signing Officers with a view to determining whether the Company has observed, performed and fulfilled its obligations under this Indenture and further stating, as to each
such Officer signing such certificate, that, to the best of his or her knowledge, the Company has observed, performed and fulfilled each and every covenant contained in this Indenture and is not in default in the performance or observance of any of
the terms, provisions and conditions of 

  
 43 

 
this Indenture (or, if a Default or Event of Default shall have occurred, describing all such Defaults or Events of Default of which he or she may have knowledge and what action the Company is
taking or proposes to take with respect thereto) and that, to the best of his or her knowledge, no event has occurred and remains in existence by reason of which payments on account of the principal of or interest, if any, on the Notes is prohibited
or if such event has occurred, a description of the event and what action the Company is taking or proposes to take with respect thereto. For purposes of this paragraph, such compliance shall be determined without regard to any period of grace or
requirement of notice provided under this Indenture. 
 (b) The Company shall, so long as any of the Notes are outstanding,
deliver to the Trustee, forthwith upon any Officer becoming aware of any Default or Event of Default, an Officers’ Certificate specifying such Default or Event of Default and what action the Company is taking or proposes to take with respect
thereto. 
 SECTION 4.05. [Intentionally Omitted]. 

SECTION 4.06. Stay, Extension and Usury Laws. 

The Company, Holdings and each of the Guarantors covenants (to the extent that it may lawfully do so) that it shall not at any
time insist upon, plead, or in any manner whatsoever claim or take the benefit or advantage of, any stay, extension or usury law wherever enacted, now or at any time hereafter in force, that may affect the covenants or the performance of this
Indenture; and the Company, Holdings and each of the Guarantors (to the extent that it may lawfully do so) hereby expressly waives all benefit or advantage of any such law and covenants that it shall not, by resort to any such law, hinder, delay or
impede the execution of any power herein granted to the Trustee, but shall suffer and permit the execution of every such power as though no such law has been enacted. 

SECTION 4.07. Restricted Payments. 

The Company shall not, and shall not cause or permit any of its Restricted Subsidiaries to, directly or indirectly: 

(1) declare or pay any dividend or make any distribution on, or in respect of, shares of the Company’s or
any Restricted Subsidiary’s Capital Stock to holders of such Capital Stock (other than dividends or distributions payable in Qualified Capital Stock of Holdings or the Company and dividends or distributions payable to the Company or a
Restricted Subsidiary and other than pro rata dividends or other distributions made by a Subsidiary of the Company that is not a Wholly Owned Subsidiary of the Company to minority stockholders (or owners of an equivalent interest in the case
of a Subsidiary of the Company that is an entity other than a corporation)); 
 (2) purchase, redeem or
otherwise acquire or retire for value any Capital Stock of the Company or of any direct or indirect parent of the Company or of a Restricted Subsidiary of the Company held by any Affiliate of the Company (other than a Restricted Subsidiary of the
Company) or any warrants, rights or options to purchase or acquire shares of any class of such Capital Stock; 

  
 44 

 (3) make any principal payment on, purchase, defease,
redeem, prepay, decrease or otherwise acquire or retire for value, prior to any scheduled final maturity, scheduled repayment or scheduled sinking fund payment, any Indebtedness of the Company or of any Guarantor, that is subordinate or junior in
right of payment to the Notes or any Guarantee, as applicable (other than (w) any Indebtedness permitted under clause (vi) of the definition of “Permitted Indebtedness,” (x) the purchase, defeasance or other acquisition of
such Indebtedness purchased in anticipation of satisfying a sinking fund obligation, principal installment or final maturity, in each case due within one year of such purchase, defeasance or other acquisition, (y) the payment, purchase,
defeasance, redemption, prepayment, decrease, acquisition or retirement of (A) any Indebtedness constituting “bridge” financing or similar Indebtedness or (B) any Acquired Indebtedness within 90 days of the acquisition of such
Indebtedness or (z) the redemption, pursuant to the terms of a special mandatory redemption feature, of any Indebtedness of the Company or of any Guarantor, to the extent such Indebtedness was incurred in whole or in part to finance a
transaction or Permitted Investment and either such transaction or such Permitted Investment was not consummated to the extent required pursuant to the terms of such Indebtedness); or 

(4) make any Investment (other than Permitted Investments): 

(each of the foregoing actions set forth in clauses (1), (2), (3) and (4) being referred to as a “Restricted
Payment”); if at the time of such Restricted Payment or immediately after giving effect thereto: 

(i) a Default or an Event of Default shall have occurred and be continuing; or 

(ii) the aggregate amount of Restricted Payments (including such proposed Restricted Payment) made subsequent
to December 14, 2010 (other than Restricted Payments made pursuant to clauses (2), (3), (4), (5), (6), (7), (8), (9), (10), (11), (12), (13) and (14) of the following paragraph) shall exceed the sum of, without duplication: 

(u) $400.0 million; plus 

(v) 50% of the cumulative Consolidated Net Income (or if cumulative Consolidated Net Income
shall be a loss, minus 100% of such loss) of the Company earned subsequent to October 1, 2010 and on or prior to the date the Restricted Payment occurs (the “Reference Date”) (treating such period as a single accounting
period); plus 
 (w) 100% of the aggregate net cash proceeds (including the fair market value of
property (as determined by the Company in good faith), other than cash, that would constitute Marketable Securities or a Permitted Business) received by the Company from any Person (other than a Subsidiary of the Company) from the issuance and sale
subsequent to December 14, 2010 and on or prior to the Reference Date of Qualified Capital Stock of the Company (other than Excluded Contributions); plus 

(x) without duplication of any amounts included in clause (ii)(w) above, 100% of the aggregate net
cash proceeds of any equity contribution received 

  
 45 

 
subsequent to December 14, 2010 by the Company from a holder of the Company’s Capital Stock; plus 

(y) the amount by which Indebtedness of the Company is reduced on the Company’s balance sheet upon
the conversion or exchange subsequent to December 14, 2010 of any Indebtedness of the Company for Qualified Capital Stock of the Company (less the amount of any cash, or the fair value of any other property, distributed by the Company upon
such conversion or exchange); provided, however, that the foregoing amount shall not exceed the net cash proceeds received by the Company or any Restricted Subsidiary from the sale of such Indebtedness (excluding net cash proceeds from
sales to a Subsidiary of the Company or to an employee stock ownership plan or a trust established by the Company or any of its Subsidiaries for the benefit of their employees); plus 

(z) an amount equal to the sum of (I) 100% of the aggregate net proceeds (including the fair market
value of property other than cash that would constitute Marketable Securities or a Permitted Business) received by the Company or any Restricted Subsidiary subsequent to December 14, 2010 (A) from any sale or other disposition of any
Investment (other than a Permitted Investment) in any Person (including an Unrestricted Subsidiary) made by the Company and its Restricted Subsidiaries and (B) representing the return of capital or principal (excluding dividends and
distributions otherwise included in Consolidated Net Income) with respect to such Investment and (II) the portion (proportionate to the Company’s equity interest in an Unrestricted Subsidiary) of the fair market value of the net
assets of an Unrestricted Subsidiary at any time subsequent to December 14, 2010 such Unrestricted Subsidiary is designated a Restricted Subsidiary; provided, however, that, in the case of item (II), the foregoing sum shall
not exceed, in the case of any Unrestricted Subsidiary, the amount of Investments (excluding Permitted Investments) previously made (and treated as a Restricted Payment) by the Company or any Restricted Subsidiary in such Unrestricted Subsidiary.

 Notwithstanding the foregoing, the provisions set forth in the immediately preceding paragraph shall not prohibit: 

(1) the payment of any dividend or the consummation of any irrevocable redemption within 60 days after the
date of declaration of such dividend or notice of such redemption if the dividend or payment of the redemption price, as the case may be, would have been permitted on the date of declaration or notice; 

(2) any Restricted Payment made out of the net cash proceeds of the substantially concurrent sale of, or
made by exchange for, Qualified Capital Stock of Holdings or the Company (other than Capital Stock issued or sold to a Subsidiary of the Company or an employee stock ownership plan or to a trust established by the Company or any of its Subsidiaries
for the benefit of their employees and other than Designated Preferred Stock) or a substantially concurrent cash capital contribution received by the Company from its stockholders; provided, however, that the net cash proceeds from
such sale or such cash capital contribution (to the extent so used for such Restricted Payment) shall be excluded 

  
 46 

 
from the calculation of amounts under clauses (ii)(w) and (ii)(x) of the immediately preceding paragraph; 

(3) the acquisition of any Indebtedness of the Company or a Guarantor that is subordinate or junior in
right of payment to the Notes or the applicable Guarantee through the application of net proceeds of a substantially concurrent sale for cash (other than to a Subsidiary of the Company) of Refinancing Indebtedness that is subordinate or junior in
right of payment to the Notes or the applicable Guarantee; 
 (4) Dividend Equivalent Payments and
payments to a direct or indirect parent of the Company for the purpose of permitting any of such entities to redeem or repurchase common equity or options in respect thereof, in each case in connection with the repurchase provisions of employee
stock option or stock purchase agreements or other agreements to compensate management employees or upon the death, disability, retirement, severance or termination of employment of management employees; provided that all such Dividend
Equivalent Payments and redemptions or repurchases pursuant to this clause (4) shall not exceed in any fiscal year the sum of (A) $100.0 million in any fiscal year carried over to succeeding fiscal years (with unused amounts under the
corresponding provisions related to the 2024 Notes, the 2025 Notes, the 2026 Notes, the 2027 5.50% Notes, the 2027 7.50% Notes, the UK Notes, the 2025 Secured Notes and the 2026 Secured Notes so carrying over as of the Issue Date) subject to a
maximum (without giving effect to the following clause (B)) of $200.0 million in any fiscal year plus (B) any amounts not utilized in any preceding fiscal year following December 14, 2010 that were otherwise available
under this clause (4) for such purchases (which aggregate amount shall be increased by the amount of any net cash proceeds received from the sale since December 14, 2010 of Capital Stock (other than Disqualified Capital Stock) to
members of the Company’s management team that have not otherwise been applied to the payment of Restricted Payments pursuant to the terms of clause (ii) of the immediately preceding paragraph or clause (2) of this paragraph and
the cash proceeds of any “key-man” life insurance policies which are used to make such redemptions or repurchases); provided, further, that the cancellation of Indebtedness owing to the
Company from members of management of the Company or any of its Restricted Subsidiaries in connection with any repurchase of Capital Stock of such entities (or warrants or options or rights to acquire such Capital Stock) will not be deemed to
constitute a Restricted Payment under this Indenture; 
 (5) the declaration and payment of dividends by
the Company to, or the making of loans to, its direct parent company in amounts required for the Company’s direct or indirect parent companies to pay (A) franchise taxes and other fees, taxes and expenses required to maintain their
corporate existence, (B) federal, state and local income taxes, to the extent such income taxes are attributable to the income of the Company and the Restricted Subsidiaries and, to the extent of the amount actually received from its
Unrestricted Subsidiaries, in amounts required to pay such taxes to the extent attributable to the income of such Unrestricted Subsidiaries; provided, however, that the amount of such payments in any fiscal year does not exceed the
amount that the Company and its consolidated Subsidiaries would be required to pay in respect of federal, state and local taxes for such fiscal year were the Company to pay such taxes as a stand-alone taxpayer, (C) customary
salary, bonus and other benefits payable to officers and employees of any direct or indirect 

  
 47 

 
parent company of the Company to the extent such salaries, bonuses and other benefits are attributable to the ownership or operation of the Company and the Restricted Subsidiaries,
(D) general corporate overhead expenses of any direct or indirect parent company of the Company to the extent such expenses are attributable to the ownership or operation of the Company and the Restricted Subsidiaries and (E) reasonable
fees and expenses incurred in connection with any unsuccessful debt or equity offering by such direct or indirect parent company of the Company; 

(6) repurchases of Capital Stock deemed to occur upon the exercise of stock options, warrants or other
convertible or exchangeable securities if such Capital Stock represents a portion of the exercise price thereof or the withholding of a portion of such Capital Stock to pay the taxes payable on account of such exercise; 

(7) additional Restricted Payments in an aggregate amount not to exceed the greater of (x)
$75.0 million and (y) 3.0% of the Consolidated EBITDA of the Company for the period of four fiscal quarters most recently ended more than forty-five (45) days prior to the date of determination; 

(8) [intentionally omitted]; 

(9) payments of dividends on Disqualified Capital Stock issued in compliance with Section 4.09
hereof; 
 (10) Restricted Payments made with Net Cash Proceeds from Asset Sales remaining after
application thereof as required by Section 4.10 hereof (including after the making by the Company of any Net Proceeds Offer required to be made by the Company pursuant to such Section and the application of the entire Net Proceeds Offer
Amount to purchase all Notes and other Senior Subordinated Debt of the Company or a Restricted Subsidiary of the Company tendered therein); 

(11) the repayment or extension of intercompany debt that is permitted under this Indenture; 

(12) cash payments in lieu of fractional shares in connection with the exercise of warrants, stock options
or other securities convertible into or exchangeable into Capital Stock of the Company; 
 (13) upon
occurrence of a Change of Control, and within 60 days after the completion of the Change of Control Offer pursuant to Section 4.15 hereof (including the purchase of all Notes tendered), any purchase or redemption of Obligations of the Company
that are subordinate or junior in right of payment to the Notes or the Guarantees required pursuant to the terms thereof as a result of such Change of Control at a purchase or redemption price not to exceed 101% of the outstanding principal amount
thereof, plus accrued and unpaid interest thereon, if any; provided, however, that (A) at the time of such purchase or redemption, no Default or Event of Default shall have occurred and be continuing (or would result therefrom)
and (B) such purchase or redemption is not made, directly or indirectly, from the proceeds of (or made in anticipation of) any issuance of Indebtedness by the Company or any Subsidiary; and 

  
 48 

 (14) Restricted Payments that are made with Excluded
Contributions. 
 Notwithstanding any of the foregoing to the contrary, the Company and its Restricted Subsidiaries may make
any Restricted Payment so long as (1) no Default or Event of Default has occurred and is continuing and (2) at the time of such Restricted Payment and after giving pro forma effect thereto, the Company’s Consolidated Fixed Charge
Coverage Ratio would exceed 2.0 to 1.0; provided, however, that if, at any time the criteria set forth in the preceding clause (2) cease to be satisfied, all Restricted Payments made by the Company or any of its Restricted
Subsidiaries occurring on or after the date on which such criteria ceased to be satisfied shall be required to be made, to the extent permitted thereby, in compliance with the preceding paragraphs of this covenant, and the amount available for
Restricted Payments pursuant to clause (ii) of the first paragraph of this covenant on or after the date on which such criteria ceases to be satisfied shall be equal to the amount that would have been available for Restricted Payments pursuant
to such clause (ii) on such date without giving effect to any Restricted Payments made through such date pursuant to and in compliance with this paragraph; provided, further, that, if the Company or any of its Restricted Subsidiaries
become contractually obligated to make any Restricted Payment at the time criteria set forth in the preceding clauses (1) and (2) continues to be satisfied, then the Company or such Restricted Subsidiary, as the case may be, may continue
to make such Restricted Payments, even if the criteria in such clauses (1) and (2) ceases to be satisfied at the time such Restricted Payment is actually made, notwithstanding the limitation set forth in the preceding proviso, and the
amount available for Restricted Payments pursuant to clause (ii) of the first paragraph of this covenant on or after the date on which such criteria ceases to be satisfied shall be equal to the amount that would have been available for
Restricted Payments pursuant to such clause (ii) on such date without giving effect to any Restricted Payments made on such date pursuant to and in compliance with this proviso. 

For purposes of determining compliance with this covenant, in the event that a payment or other action meets the criteria of
more than one of the exceptions described in clauses (1) through (14) above, or is permitted to be made pursuant to clause (ii) of the first paragraph of this covenant (including by virtue of qualifying as a Permitted Investment), the
Company will be permitted to classify such payment or other action on the date of its occurrence in any manner that complies with this covenant. Payments or other actions permitted by this covenant need not be permitted solely by reference to one
provision permitting such payment or other action but may be permitted in part by one such provision and in part by one or more other provisions of this covenant permitting such payment or other action (including pursuant to any section of the
definition of “Permitted Investments”). 
 The Board of Directors of the Company may designate any Restricted
Subsidiary of the Company to be an Unrestricted Subsidiary as specified in the definition of “Unrestricted Subsidiary.” For purposes of making such determination, all outstanding Investments by the Company and its Restricted Subsidiaries
(except to the extent repaid in cash) in the Subsidiary so designated shall be deemed to be Restricted Payments at the time of the designation and shall reduce the amount available for Restricted Payments under the first paragraph of this
Section 4.07. All of those outstanding Investments shall be deemed to constitute Investments in an amount equal to the fair market value of the Investments at the time of such designation. Such designation shall only be permitted if the
Restricted Payment would be permitted at the time and if the Restricted Subsidiary otherwise meets the definition of an Unrestricted Subsidiary. 

  
 49 

 SECTION 4.08. Dividend and Other Payment Restrictions Affecting
Subsidiaries. 
 The Company shall not, and shall not cause or permit any of its Restricted Subsidiaries to, directly or
indirectly, create or otherwise cause or permit to exist or become effective any consensual encumbrance or consensual restriction on the ability of any Restricted Subsidiary of the Company to: (a) pay dividends or make any other distributions
on, or in respect of, its Capital Stock; (b) make loans or advances or pay any Indebtedness or other obligation owed to the Company or any Guarantor; or (c) transfer any of its property or assets to the Company or any Guarantor, except,
with respect to clauses (a), (b) and (c), for such encumbrances or restrictions existing under or by reason of: (1) applicable law, rule, regulation or order; (2) this Indenture, the Notes, the 2024 Notes, the 2025 Notes, the
2026 Notes, the 2027 5.50% Notes, the 2027 7.50% Notes, the UK Notes, the 2025 Secured Notes and the 2026 Secured Notes (including the security and other ancillary documents related to the 2025 Secured Notes and the 2026 Secured Notes) and the
guarantees in respect thereof; (3) non-assignment provisions of any contract or any lease of any Restricted Subsidiary of the Company entered into in the ordinary course of business; (4) any
instrument governing Acquired Indebtedness, which encumbrance or restriction is not applicable to any Person, or the properties or assets of any Person, other than the Person or the properties or assets of the Person so acquired; (5) the Credit
Facilities as entered into or existing on the Issue Date or any amendments, modifications, restatements, renewals, increases, supplements, refundings, replacements or refinancings thereof; provided that any restrictions imposed pursuant to
any such amendment, modification; restatement, renewal, increase, supplement, refunding, replacement or refinancing are ordinary and customary with respect to syndicated bank loans (under the relevant circumstances); (6) agreements existing on
the Issue Date to the extent and in the manner such agreements are in effect on the Issue Date; (7) restrictions on the transfer of assets subject to any Lien permitted under this Indenture imposed by the holder of such Lien;
(8) restrictions imposed by any agreement to sell assets or Capital Stock permitted under this Indenture to any Person pending the closing of such sale; (9) any agreement or instrument governing Capital Stock of any Person that is
acquired; (10) any Purchase Money Note or other Indebtedness or other contractual requirements of a Securitization Entity in connection with a Qualified Securitization Transaction; provided that such restrictions apply only to such
Securitization Entity; (11) other Indebtedness or Permitted Subsidiary Preferred Stock outstanding on the Issue Date or permitted to be issued or incurred under this Indenture; provided that any such restrictions are ordinary and
customary with respect to the type of Indebtedness being incurred or Preferred Stock being issued (under the relevant circumstances); (12) restrictions on cash or other deposits or net worth imposed by customers under contracts entered into in the
ordinary course of business; (13) any encumbrances or restrictions imposed by any amendments, modifications, restatements, renewals, increases, supplements, refundings, replacements or refinancings of the contracts, instruments or obligations
referred to in clauses (1) through (4) and (6) through (12) above; provided that such amendments, modifications, restatements, renewals, increases, supplements, refundings, replacements or refinancings are, in the good
faith judgment of the Company’s Board of Directors (evidenced by a Board Resolution) whose judgment shall be conclusively binding, not materially more restrictive with respect to such dividend and other payment restrictions than those contained
in the dividend or other payment restrictions prior to such amendment, modification, restatement, renewal, increase, supplement, refunding, replacement or refinancing; (14) customary provisions in joint venture, partnership, asset sale, sale
leaseback and other similar agreements; and (15) customary provisions in leases and other agreements entered into in the ordinary course of business. 

  
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 SECTION 4.09. Incurrence of Indebtedness. 

The Company shall not, and shall not permit any of its Restricted Subsidiaries to, directly or indirectly, create, incur,
issue, assume, guarantee, acquire, become liable, contingently or otherwise, with respect to, or otherwise become responsible for payment of (collectively, “incur”) any Indebtedness (other than Permitted Indebtedness);
provided, however, that the Company and any Restricted Subsidiary may incur Indebtedness (including Acquired Indebtedness), in each case if, on the date of the incurrence of such Indebtedness, after giving effect to the incurrence
thereof, the Consolidated Fixed Charge Coverage Ratio of the Company would have been greater than 2.0 to 1.0 (such Indebtedness, “Ratio Indebtedness”); provided, however, that (x) the amount of Indebtedness
(including Acquired Indebtedness) that may be incurred pursuant to the foregoing by Restricted Subsidiaries that are not Guarantors shall not exceed $400.0 million at any one time outstanding and (y) if such Ratio Indebtedness is to be
used in whole or in part to finance a Limited Condition Acquisition, such calculation shall be determined solely as of the date on which the definitive documentation with respect to such Limited Condition Acquisition is entered into. 

SECTION 4.10. Asset Sales. 

The Company shall not, and shall not permit any of its Restricted Subsidiaries to, consummate an Asset Sale unless
(i) the Company or the applicable Restricted Subsidiary, as the case may be, receives consideration at the time of such Asset Sale at least equal to the fair market value of the assets sold or otherwise disposed of (as determined in good faith
by the Company); (ii) solely with respect to any Asset Sale or series of related Asset Sales for which the Company and its Restricted Subsidiaries receive aggregate consideration in excess of $50.0 million, at least 75% of the
consideration received by the Company or the Restricted Subsidiary, as the case may be, from such Asset Sale shall be in the form of cash or Cash Equivalents; provided that the amount of: (a) any liabilities (as shown on the
Company’s or such Restricted Subsidiary’s most recent balance sheet or in the footnotes thereto, or if incurred or accrued subsequent to the date of such balance sheet, such liabilities that would have been shown on the Company’s or
such Restricted Subsidiary’s balance sheet or the footnotes thereto if such incurrence or accrual had taken place on the date of such balance sheet, as determined by the Company) of the Company or any such Restricted Subsidiary (other than
liabilities that are by their terms subordinated to the Notes) that are assumed by the transferee of any such assets; (b) any securities, notes or other obligations received by the Company or any such Restricted Subsidiary from such transferee
that are converted by the Company or such Restricted Subsidiary into cash within 180 days of the receipt thereof (to the extent of the cash received); and (c) any Designated Non-cash Consideration
received by the Company or any of its Restricted Subsidiaries in such Asset Sale having an aggregate fair market value, taken together with all other Designated Non-cash Consideration received pursuant to this
clause (c) after December 14, 2010 that is at that time outstanding, not to exceed the greater of $150 million and 5% of Total Assets at the time of the receipt of such Designated
Non-cash Consideration (with the fair market value of each item of Designated Non-cash Consideration being measured at the time received and without giving effect to
subsequent changes in value), shall, in each of (a), (b) and (c) above, be deemed to be cash for the purposes of this provision or for purposes of the second paragraph of this Section 4.10; and (iii) upon the consummation of an
Asset Sale, the Company shall apply, or cause such Restricted Subsidiary to apply, the Net Cash Proceeds relating to such Asset Sale within 545 days of receipt thereof either 

  
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 (A) to prepay any Senior Debt or Indebtedness of a
Restricted Subsidiary that is not a Guarantor and, in the case of any such Indebtedness under any revolving credit facility, effect a corresponding reduction in the availability under such revolving credit facility (or effect a permanent reduction
in the availability under such revolving credit facility regardless of the fact that no prepayment is required in order to do so (in which case no prepayment should be required)), 

(B) to reinvest in Productive Assets (provided that this requirement shall be deemed satisfied if the
Company or such Restricted Subsidiary, by the end of such 545-day period, has entered into a binding agreement under which it is contractually committed to reinvest in Productive Assets, and such investment is
consummated within 120 days from the date on which such binding agreement is entered into, and, with respect to the amount of such investment, the reference to the 546th day after an Asset Sale in the second following sentence shall be deemed to be
a reference to the 121st day after the date on which such binding agreement is entered into (but only if such 121st day occurs later than such 546th day)) or 

(C) a combination of prepayment and investment permitted by the foregoing clauses (iii)(A) and (iii)(B).

 Pending the final application of any such Net Cash Proceeds, the Company or such Restricted Subsidiary may temporarily reduce
Indebtedness under a revolving credit facility, if any, or otherwise invest such Net Cash Proceeds in Cash Equivalents. On the 546th day after an Asset Sale or such earlier date, if any, as the Board of Directors of the Company or of such Restricted
Subsidiary determines by Board Resolution not to apply the Net Cash Proceeds relating to such Asset Sale as set forth in clauses (iii)(A), (iii)(B) and (iii)(C) of the next preceding sentence (each, a “Net Proceeds Offer Trigger
Date”), such aggregate amount of Net Cash Proceeds which have not been applied on or before such Net Proceeds Offer Trigger Date as permitted in clauses (iii)(A), (iii)(B) and (iii)(C) of the next preceding sentence (each a
“Net Proceeds Offer Amount”) shall be applied by the Company or such Restricted Subsidiary to make an offer to purchase (the “Net Proceeds Offer”) on a date not less than 30 nor more than 60 days following the
applicable Net Proceeds Offer Trigger Date, from all Holders and holders of any other Senior Subordinated Debt of the Company or a Restricted Subsidiary of the Company requiring the making of such an offer, on a pro rata basis, the maximum
amount of Notes and such other Senior Subordinated Debt that may be purchased with the Net Proceeds Offer Amount at a price equal to 100% of their principal amount (or, in the event such other Senior Subordinated Debt was issued with significant
original issue discount, 100% of the accreted value thereof), plus accrued and unpaid interest thereon, if any, to the date of purchase (or, in respect of such other Senior Subordinated Debt, such lesser price, if any, as may be provided for by the
terms of such Senior Subordinated Debt); provided, however, that if at any time any non-cash consideration (including any Designated Non-cash
Consideration) received by the Company or any Restricted Subsidiary of the Company, as the case may be, in connection with any Asset Sale is converted into or sold or otherwise disposed of for cash (other than interest received with respect to any
such non-cash consideration), then such conversion or disposition shall be deemed to constitute an Asset Sale hereunder and the Net Cash Proceeds thereof shall be applied in accordance with this
Section 4.10. Notwithstanding the foregoing, if a Net Proceeds Offer Amount is less than $40.0 million, the application of the Net Cash Proceeds constituting such Net Proceeds Offer Amount to a Net Proceeds Offer may be

  
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deferred until such time as such Net Proceeds Offer Amount plus the aggregate amount of all Net Proceeds Offer Amounts arising subsequent to the Net Proceeds Offer Trigger Date relating to such
initial Net Proceeds Offer Amount from all Asset Sales by the Company and its Restricted Subsidiaries aggregates to at least $40.0 million, at which time the Company or such Restricted Subsidiary shall apply all Net Cash Proceeds constituting
all Net Proceeds Offer Amounts that have been so deferred to make a Net Proceeds Offer (the first date the aggregate of all such deferred Net Proceeds Offer Amounts is equal to $40.0 million or more shall be deemed to be a Net Proceeds Offer
Trigger Date). 
 Notwithstanding the immediately preceding paragraph, the Company and its Restricted Subsidiaries shall be
permitted to consummate an Asset Sale without complying with such paragraph to the extent that: (i) at least 75% of the consideration for such Asset Sale constitutes Productive Assets, cash, Cash Equivalents and/or Marketable Securities; and
(ii) such Asset Sale is for fair market value (as determined in good faith by the Company); provided that any consideration consisting of cash, Cash Equivalents and/or Marketable Securities received by the Company or any of its
Restricted Subsidiaries in connection with any Asset Sale permitted to be consummated under this paragraph shall constitute Net Cash Proceeds subject to the provisions of the preceding paragraph. 

Notice of each Net Proceeds Offer will be sent to DTC, in the case of Global Notes, or mailed to the record Holders as shown
on the register of Holders, in the case of certificated notes, within 30 days following the Net Proceeds Offer Trigger Date, with a copy to the Trustee, and shall comply with the procedures set forth in Section 3.09 hereof. To the extent that
the aggregate amount of Notes and other Senior Subordinated Debt tendered pursuant to a Net Proceeds Offer is less than the Net Proceeds Offer Amount, the Company may use any remaining Net Proceeds Offer Amount for general corporate purposes or for
any other purpose not prohibited by this Indenture. Upon completion of any such Net Proceeds Offer, the Net Proceeds Offer Amount shall be reset at zero. 

The Company shall comply with the requirements of Rule 14e-1 under the Exchange
Act and any other securities laws and regulations thereunder to the extent such laws and regulations are applicable in connection with the repurchase of Notes pursuant to a Net Proceeds Offer. To the extent that the provisions of any securities laws
or regulations conflict with the provisions of this Section 4.10, the Company shall comply with the applicable securities laws and regulations and shall not be deemed to have breached its obligations under this Section 4.10 by virtue
thereof. 
 SECTION 4.11. Transactions with Affiliates. 

(a) The Company shall not, and shall not permit any of its Restricted Subsidiaries to, directly or indirectly, enter into or
permit to occur any transaction or series of related transactions (including the purchase, sale, lease or exchange of any property or the rendering of any service) with, or for the benefit of, any of its Affiliates (an “Affiliate
Transaction”) involving aggregate payment or consideration in excess of $20.0 million unless (i) such Affiliate Transaction is on terms that are not materially less favorable to the Company or the relevant Restricted Subsidiary
than those that might reasonably have been obtained in a comparable transaction at such time on an arm’s-length basis from a Person that is not an Affiliate of the Company; and

  
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(ii) the Company delivers to the Trustee with respect to any Affiliate Transaction or series of related Affiliate Transactions involving aggregate payments or consideration in excess of
$30.0 million, a Board Resolution adopted by the majority of the members of the Board of Directors of the Company approving such Affiliate Transaction and an Officers’ Certificate certifying that such Affiliate Transaction complies with
clause (i) above. 
 (b) The restrictions set forth in Section 4.11(a) hereof shall not apply to:
(i) reasonable fees and compensation paid to, and indemnity provided on behalf of, officers, directors, employees or consultants of the Company or any Restricted Subsidiary of the Company as determined in good faith by the Company’s Board
of Directors or senior management; (ii) transactions between or among the Company and any of its Restricted Subsidiaries or between or among such Restricted Subsidiaries, provided that such transactions are not otherwise prohibited by
this Indenture; (iii) any agreement as in effect as of the Issue Date or any amendment thereto or any transaction contemplated thereby (including pursuant to any amendment thereto) or by any replacement agreement thereto so long as any such
amendment or replacement agreement is not more disadvantageous to the Holders in any material respect than the original agreement as in effect on the Issue Date as determined in good faith by the Company; (iv) Restricted Payments or Permitted
Investments permitted by this Indenture; (v) transactions effected as part of a Qualified Securitization Transaction; (vi) payments or loans to employees or consultants that are approved by the Board of Directors of the Company in good
faith; (vii) sales of Qualified Capital Stock; (viii) the existence of, or the performance by the Company or any of its Restricted Subsidiaries of its obligations under the terms of, any stockholders’ agreement (including any
registration rights agreement or purchase agreement related thereto) to which it is a party as of the Issue Date and any similar agreements which it may enter into thereafter; provided, however, that the existence of, or the
performance by the Company or any of its Restricted Subsidiaries of obligations under, any future amendment to any such existing agreement or under any similar agreement entered into after the Issue Date shall only be permitted by this clause
(viii) to the extent that the terms of any such amendment or new agreement taken as a whole are not materially disadvantageous to the Holders; (ix) transactions permitted by, and complying with, the provisions of Article 5 hereof,
(x) any issuance of securities or other payments, awards, grants in cash, securities or otherwise pursuant to, or the funding of, employment arrangements, stock options and stock ownership plans approved by the Board of Directors of the
Company; and (xi) transactions in which the Company or any Restricted Subsidiary, as the case may be, receives an opinion from a nationally recognized investment banking, appraisal or accounting firm that such Affiliate Transaction is either
fair, from a financial standpoint, to the Company or such Restricted Subsidiary or is on terms not materially less favorable than those that might reasonably have been obtained in a comparable transaction at such time on an arm’s length basis
from a Person that is not an Affiliate of the Company. 
 SECTION 4.12. Liens. 

The Company shall not, and shall not cause or permit any Guarantor to, incur any Secured Debt that is not Senior Debt of such
Person unless, contemporaneously therewith, such Person makes effective provision to secure the Notes or the relevant Guarantee, as applicable, equally and ratably with such Secured Debt for so long as such Secured Debt is secured by a Lien (the
“Initial Lien”). Any Lien created for the benefit of the Holders pursuant to the preceding sentence shall provide by its terms that such Lien shall be automatically and unconditionally released and discharged upon the release and
discharge of the Lien securing the other Secured 

  
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Debt and that holders of such other Secured Debt may exclusively control the disposition of property subject to the Initial Lien. 

SECTION 4.13. Conduct of Business. 

The Company shall not, and shall not permit any of its Restricted Subsidiaries to, engage in any businesses a majority of
whose revenues are not derived from businesses that are the same or reasonably similar, ancillary or related to, or a reasonable extension, development or expansion of, the businesses in which the Company and its Restricted Subsidiaries are engaged
on the Issue Date (which shall include engineered components businesses not within the aerospace industry). 
 SECTION 4.14.
Corporate Existence. 
 Subject to Article 5 hereof, the Company shall do or cause to be done all things
necessary to preserve and keep in full force and effect (i) its corporate existence, and the corporate, partnership or other existence of each of its Restricted Subsidiaries, in accordance with the respective organizational documents (as the
same may be amended from time to time) of the Company or any such Restricted Subsidiary and (ii) the rights (charter and statutory), licenses and franchises of the Company and its Restricted Subsidiaries; provided, however, that
the Company shall not be required to preserve any such right, license or franchise, or the corporate, partnership or other existence of any of its Restricted Subsidiaries, if the Board of Directors shall determine that the preservation thereof is no
longer desirable in the conduct of the business of the Company and its Restricted Subsidiaries, taken as a whole, and that the loss thereof is not adverse in any material respect to the Holders of the Notes. 

SECTION 4.15. Offer to Repurchase upon Change of Control. 

(a) If a Change of Control occurs, each Holder shall have the right to require that the Company purchase all or a portion of
such Holder’s Notes pursuant to the offer described below (the “Change of Control Offer”) at a purchase price equal to 101% of the principal amount thereof plus accrued interest to the date of purchase. Within 30 days
following the date upon which the Change of Control occurred, the Company must send, in the case of Global Notes, through the facilities of DTC and, in the case of certificated notes, by first class mail, a notice to the Trustee and each Holder,
which notice shall govern the terms of the Change of Control Offer. Such notice shall state, among other things, the purchase date, which must be no earlier than 30 days nor later than 60 days from the date such notice is sent or mailed, other than
as may be required by law (the “Change of Control Payment Date”). Holders electing to have a Note purchased pursuant to a Change of Control Offer will be required to surrender the Note, with the form entitled “Option of Holder
to Elect Purchase” on the reverse of the Note completed, to the Paying Agent at the address specified in the notice prior to the close of business on the third Business Day prior to the Change of Control Payment Date. 

(b) On the Change of Control Payment Date, the Company shall, to the extent lawful, (1) accept for payment all Notes or
portions thereof properly tendered pursuant to the Change of Control Offer, (2) deposit with the Paying Agent an amount equal to the Change of Control payment in respect of all Notes or portions thereof so tendered and (3) deliver or cause
to 

  
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be delivered to the applicable Trustee the Notes so accepted together with an Officers’ Certificate stating the aggregate principal amount of Notes or portions thereof being purchased by the
Company. The Paying Agent shall promptly mail to each Holder of Notes so tendered the Change of Control payment for such Notes, and the Trustee shall promptly authenticate and mail or deliver (or cause to be transferred by book entry) to each Holder
a new Note equal in principal amount to any unpurchased portion of the Notes surrendered, if any; provided that each such new Note will be in a principal amount of $2,000 and integral multiples of $1,000 in excess thereof. The Company shall
publicly announce the results of the Change of Control Offer on or as soon as practicable after the Change of Control Payment Date. 

Prior to sending the notice referred to in Section 4.15(a) above, but in any event within 30 days following any
Change of Control, the Company shall: (i) repay in full all Indebtedness under the Credit Facilities and all other Senior Debt the terms of which require repayment upon a Change of Control; or (ii) obtain the requisite consents under the
Credit Facilities and all such other Senior Debt to permit the repurchase of the Notes as provided below. The Company’s failure to comply with the covenant described in the immediately preceding sentence shall constitute an Event of Default
described in clause (c) and not in clause (b) under Section 6.01 hereof. 
 (c) The Company shall comply with
the requirements of Rule 14e-1 under the Exchange Act to the extent such laws and regulations are applicable in connection with the repurchase of Notes pursuant to a Change of Control Offer. To the extent
that the Company complies with the provisions of any such securities laws or regulations that conflict with the Company’s obligations under this Section 4.15, the Company shall not be deemed to have breached its obligations under this
Section 4.15. 
 (d) Notwithstanding anything to the contrary in this Section 4.15, the Company shall not be
required to make a Change of Control Offer upon a Change of Control if (1) a third party makes the Change of Control Offer in the manner, at the times and otherwise in compliance with the requirements set forth in this Section 4.15 hereof
and purchases all Notes validly tendered and not withdrawn under such Change of Control Offer or (2) a notice of redemption has been given pursuant to Section 3.03 hereof prior to the date on which notice of the Change of Control Offer
must be sent. 
 A Change of Control Offer may be made in advance of a Change of Control, and conditioned upon such Change
of Control occurring, if a definitive agreement is in place for the Change of Control at the time of making the Change of Control Offer. 

SECTION 4.16. No Senior Subordinated Debt. 

The Company shall not, and shall not permit any Guarantor to, incur or suffer to exist Indebtedness that is senior in right of
payment to the Notes or such Guarantor’s Guarantee, as the case may be, and subordinate in right of payment to any other Indebtedness of the Company or such Guarantor, as the case may be. For the avoidance of doubt, unsecured Indebtedness is
not subordinated or junior to Secured Debt merely because it is unsecured. 

  
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 SECTION 4.17. Additional Guarantees. 

The Company shall cause, within 20 business days after the Issue Date, each of the Cobham Subsidiaries to execute and deliver
a supplemental indenture to this Indenture, providing for a senior subordinated guarantee of payment of the Notes by such Cobham Subsidiary. 

The Company shall not, and shall not permit any of its Restricted Subsidiaries to, create or acquire another Domestic
Restricted Subsidiary unless such Domestic Restricted Subsidiary, within 20 Business Days of creation or acquisition, executes and delivers a supplemental indenture to this Indenture, providing for a senior subordinated guarantee of payment of the
Notes by such Domestic Restricted Subsidiary; provided, however, that such Domestic Restricted Subsidiary need not execute and deliver such a supplemental indenture for so long as such Domestic Restricted Subsidiary is an Immaterial
Domestic Restricted Subsidiary, a Securitization Entity or a domestic subsidiary of a Foreign Restricted Subsidiary; provided further, however, that the Company will cause a Domestic Restricted Subsidiary that has ceased to qualify as an
Immaterial Domestic Restricted Subsidiary, a Securitization Entity or a domestic subsidiary of a Foreign Restricted Subsidiary to execute and deliver a supplemental indenture to this Indenture, providing for a senior subordinated guarantee of
payment of the Notes by such Domestic Restricted Subsidiary no later than 20 Business Days after the end of the most recently ended fiscal quarter of the Company in which such Domestic Restricted Subsidiary ceased to be an Immaterial Domestic
Restricted Subsidiary, a Securitization Entity or a domestic subsidiary of a Foreign Restricted Subsidiary, as applicable; provided further, however, that, if at any time, Domestic Restricted Subsidiaries that are not Guarantors because they
are Immaterial Domestic Restricted Subsidiaries constitute in the aggregate more than 5% of Total Assets as of the end of the most recently ended fiscal quarter of the Company for which financial statements are available or more than 5% of
Consolidated EBITDA of the Company for the period of four consecutive fiscal quarters as of the end of the most recently ended fiscal quarter of the Company for which financial statements are available, then the Company shall cause one or more such
Domestic Restricted Subsidiaries to become Guarantors (notwithstanding that such Domestic Restricted Subsidiaries are, individually, Immaterial Domestic Restricted Subsidiaries), no later than 20 Business Days after the end of the most recently
ended fiscal quarter in which such requirement was triggered, such that the foregoing condition ceases to be true. 

SECTION 4.18. Limitation on Preferred Stock of Restricted Subsidiaries. 

The Company shall not permit any of its Restricted Subsidiaries to issue any Preferred Stock (other than to the Company or to
a Restricted Subsidiary of the Company) or permit any Person (other than the Company or a Restricted Subsidiary of the Company) to own any Preferred Stock of any Restricted Subsidiary of the Company, other than Permitted Subsidiary Preferred Stock.
The provisions of this Section 4.18 will not apply to (w) any of the Guarantors, (x) any transaction as a result of which neither the Company nor any of its Restricted Subsidiaries will own any Capital Stock of the Restricted
Subsidiary whose Preferred Stock is being issued or sold and (y) Preferred Stock that is Disqualified Capital Stock and is issued in compliance with Section 4.09 hereof. 

  
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 SECTION 4.19. Suspension of Covenants. 

(a) During any period of time following the Issue Date that (i) the Notes have Investment Grade Ratings from both Rating
Agencies, and (ii) no Default has occurred and is continuing under this Indenture (the occurrence of the events described in the foregoing clauses (i) and (ii) being collectively referred to as a “Covenant Suspension
Event”), the Company and its Restricted Subsidiaries shall not be subject to the following provisions of this Indenture: 

(1) Section 4.07; 

(2) Section 4.08; 

(3) Section 4.09; 

(4) Section 4.10; 

(5) Section 4.11; 

(6) Section 4.13; 

(7) Section 4.16; 

(8) Section 4.17; 

(9) Section 4.18; and 

(10) clause (ii) of the first paragraph of Section 5.01 

(collectively, the “Suspended Covenants”). Upon the occurrence of a Covenant Suspension Event, the amount of Net Cash
Proceeds with respect to any applicable Net Proceeds Offer Trigger Date shall be set at zero at such date (the “Suspension Date”). In addition, in the event that the Company and the Restricted Subsidiaries are not subject to the
Suspended Covenants for any period of time as a result of the foregoing, and, on any subsequent date (the “Reversion Date”), one or both of the Rating Agencies withdraws its Investment Grade Rating or downgrades the rating assigned
to the Notes below an Investment Grade Rating, or a Default or Event of Default occurs and is continuing, then the Company and the Restricted Subsidiaries shall thereafter again be subject to the Suspended Covenants with respect to future events.
The period of time between the Suspension Date and the Reversion Date is referred to in this description as the “Suspension Period.” Within 30 days of the Reversion Date, any Restricted Subsidiary that would have been required
during the Suspension Period but for the Suspended Covenants by Section 4.17 to execute a supplemental indenture shall execute such supplemental indenture required by such covenant. Notwithstanding that the Suspended Covenants may be
reinstated, no Default or Event of Default will be deemed to have occurred as a result of a failure to comply with the Suspended Covenants during the Suspension Period (or upon termination of the Suspension Period or after that time based solely on
events that occurred during the Suspension Period). 
 (b) On the Reversion Date, all Indebtedness incurred during the
Suspension Period will be classified to have been incurred or issued pursuant to Section 4.09 to the extent such 

  
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Indebtedness would be permitted to be incurred or issued thereunder as of the Reversion Date and after giving effect to Indebtedness incurred or issued prior to the Suspension Period and
outstanding on the Reversion Date. To the extent such Indebtedness would not be so permitted to be incurred or issued pursuant to Section 4.09, such Indebtedness will be deemed to have been outstanding on the Issue Date, so that it is
classified as permitted under clause (iii) of the definition of Permitted Indebtedness. Restricted Payments made during the Suspension Period will be deemed to have been made pursuant to the first paragraph of Section 4.07. 

(c) If (i) a Change of Control occurs that results in either (a) the sale, lease, exchange or other transfer of all
or substantially all of the assets of the Company to any Person or Group (as defined in the definition of Change of Control) other than an Affiliate (other than a Person that becomes an Affiliate solely as a result of such transaction) of the
Company or (b) any Person or Group other than an Affiliate (other than a Person that becomes an Affiliate solely as a result of such transaction) of the Company becoming the beneficial owner, directly or indirectly, of shares representing 100%
of the total ordinary voting power represented by the issued and outstanding Capital Stock of the Company or Holdings and (ii) such Person or Group acquiring control pursuant to clause (i) above is subject to the reporting requirements of
Section 13 or 15(d) of the Exchange Act, then the Company shall not be subject to Section 4.03(a) from that time if and for so long as such Person or Group maintains Investment Grade Ratings from both Rating Agencies. 

(d) The Company shall give the Trustee prompt (and in any event not later than five Business Days after a Covenant Suspension
Event) written notice of any Covenant Suspension Event. In the absence of such notice, the Trustee shall assume the Suspended Covenants apply and are in full force and effect. The Company shall give the Trustee prompt (and in any event not later
than five Business Days after a Covenant Suspension Event) written notice of any occurrence of a Reversion Date. After any such notice of the occurrence of a Reversion Date, the Trustee shall assume the Suspended Covenants apply and are in full
force and effect. 
 ARTICLE V 

SUCCESSORS 

SECTION 5.01. Merger, Consolidation or Sale of Assets. 

(a) The Company shall not, in a single transaction or series of related transactions, consolidate or merge with or into any
Person, or sell, assign, transfer, lease, convey or otherwise dispose of (or cause or permit any Restricted Subsidiary of the Company to sell, assign, transfer, lease, convey or otherwise dispose of) all or substantially all of the Company’s
assets (determined on a consolidated basis for the Company and the Company’s Restricted Subsidiaries) to any Person unless (i) either: (a) the Company shall be the surviving or continuing corporation; or (b) the Person (if other
than the Company) formed by such consolidation or into which the Company is merged or the Person which acquires by sale, assignment, transfer, lease, conveyance or other disposition the properties and assets of the Company and of the Company’s
Restricted Subsidiaries substantially as an entirety (the “Surviving Entity”): (x) shall be a corporation, partnership, limited liability company or similar entity organized and validly existing under the laws of the United
States of America or any State thereof or the District of Columbia; and (y) shall expressly assume, 

  
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by supplemental indenture (in form and substance satisfactory to the Trustee), executed and delivered to the Trustee, the due and punctual payment of the principal of, premium, if any, and
interest on all of the Notes and the performance of each applicable covenant of the Notes, this Indenture and the Registration Rights Agreement to be performed or observed on the part of the Company; provided, that at any time the Company or
its successor is not a corporation, there shall be a co-issuer of the Notes that is a corporation; (ii) except in the case of a merger of the Company with or into a Restricted Subsidiary of the Company,
and except in the case of a merger entered into solely for the purpose of reincorporating the Company in another jurisdiction, immediately after giving effect to such transaction and the assumption contemplated by clause (i)(b)(y) above
(including giving effect to any Indebtedness and Acquired Indebtedness incurred in connection with or in respect of such transaction), the Company or such Surviving Entity, as the case may be, shall be able to incur at least $1.00 of additional
Indebtedness (other than Permitted Indebtedness) pursuant to Section 4.09 hereof, or the Consolidated Fixed Charge Coverage Ratio for the Surviving Entity and its Restricted Subsidiaries on a consolidated basis would be greater than such ratio
for the Company and the Restricted Subsidiaries immediately prior to such transaction; (iii) except in the case of a merger of the Company with or into a Restricted Subsidiary of the Company, and except in the case of a merger entered into
solely for the purpose of reincorporating the Company in another jurisdiction, immediately after giving effect to such transaction and the assumption contemplated by clause (i)(b)(y) above (including giving effect to any Indebtedness and
Acquired Indebtedness incurred and any Lien granted in connection with or in respect of the transaction), no Default or Event of Default shall have occurred or be continuing; and (iv) the Company or the Surviving Entity shall have delivered to
the Trustee an Officers’ Certificate and an Opinion of Counsel, each stating that such consolidation, merger, sale, assignment, transfer, lease, conveyance or other disposition and, if a supplemental indenture is required in connection with
such transaction, such supplemental indenture comply with the applicable provisions of this Indenture and that all conditions precedent in this Indenture relating to such transaction have been satisfied. 

(b) [Reserved.] 

(c) Each Guarantor shall not, and the Company shall not permit any such Guarantor to, consolidate or merge with or into, or
sell, assign, transfer, lease, convey or otherwise dispose of, in a single transaction or series of related transactions, all or substantially all of its assets to any Person unless: 

 

	 	(1)	 (except in the case of such Guarantor that has been disposed of in its entirety to another Person (other
than to the Company or an Affiliate of the Company), whether through a merger, consolidation or sale of Capital Stock or through the sale of all or substantially all of its assets (such sale constituting the disposition of such Guarantor in its
entirety), if in connection therewith the Company provides an Officers’ Certificate to the Trustee to the effect that the Company will comply with its obligations under Section 4.10 hereof in respect of such disposition) the resulting,
surviving or transferee Person (if not such Guarantor) shall be a Person organized and validly existing under the laws of the jurisdiction under which such Guarantor was organized or under the laws of the United States of America, any State thereof
or the District of Columbia, and such Person 

  
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shall expressly assume, by a supplemental indenture (in form and substance satisfactory to the Trustee), executed and delivered to the Trustee, all the obligations of such Guarantor, if any,
under its Guarantee; 

  

	 	(2)	 except in the case of a merger of such Guarantor with or into the Company or another Guarantor of the
Company, and except in the case of a merger entered into solely for the purpose of reincorporating such Guarantor in another jurisdiction, immediately after giving effect to such transaction and the assumption contemplated by the immediately
preceding clause (c)(1) (including giving effect to any Indebtedness and Acquired Indebtedness incurred and any Lien granted in connection with or in respect of the transaction), no Default or Event of Default shall have occurred and be continuing;
and 

  

	 	(3)	 the Company shall have delivered to the Trustee an Officers’ Certificate and an Opinion of Counsel,
each stating that such consolidation, merger, sale, assignment, transfer, lease, conveyance or other disposition and, if a supplemental indenture is required in connection with such transaction, such supplemental indenture comply with the applicable
provisions of this Indenture and that all conditions precedent in this Indenture relating to such transaction have been satisfied. 

(d) Holdings shall not consolidate or merge with or into, or sell, assign, transfer, lease or otherwise dispose of, in a
single transaction or series of related transactions, all or substantially all of its assets to any Person unless: 
  

	 	(1)	 the resulting, surviving or transferee Person (if not Holdings) shall be a Person organized and validly
existing under the laws of the United States of America, any State thereof or the District of Columbia, and such Person shall expressly assume, by a supplemental indenture (in form and substance satisfactory to the Trustee), executed and delivered
to the Trustee, all the obligations of Holdings, if any, under its Guarantee; 

  

	 	(2)	 except in the case of a merger entered into solely for reincorporating Holdings in another jurisdiction,
immediately after giving effect to such transaction and the assumption contemplated by the immediately preceding clause (d)(1) (including giving effect to any Indebtedness and Acquired Indebtedness incurred and any Lien granted in connection with or
in respect of the transaction), no Default or Event of Default shall have occurred and be continuing; and 

  

	 	(3)	 the Company shall have delivered to the Trustee an Officers’ Certificate and an Opinion of Counsel,
each stating that such consolidation, merger, sale, assignment, transfer, lease, conveyance or other disposition and, if a supplemental indenture is required in connection with such transaction, such supplemental indenture comply with the applicable
provisions of this 

  
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Indenture and that all conditions precedent in this Indenture relating to such transaction have been satisfied. 

In case of any such consolidation, merger, sale or conveyance, and upon the assumption by the successor Person, by
supplemental indenture, executed and delivered to the Trustee and satisfactory in form to the Trustee, of the Guarantee of the Notes and the due and punctual performance of all of the covenants and conditions of this Indenture to be performed by the
Restricted Subsidiary, such successor Person shall succeed to and be substituted for the Restricted Subsidiary with the same effect as if it had been named herein as a Restricted Subsidiary. Such successor Person thereupon may cause to be signed any
or all of the Guarantees of the Notes issuable hereunder which theretofore shall not have been signed by the Company and delivered to the Trustee. All the Guarantees so issued shall in all respects have the same legal rank and benefit under this
Indenture as the Guarantees theretofore and thereafter issued in accordance with the terms of this Indenture as though all of such Guarantees had been issued at the date of the execution hereof. 

For purposes of the foregoing, the transfer (by lease, assignment, sale or otherwise, in a single transaction or series of
transactions) of all or substantially all of the properties or assets of one or more Restricted Subsidiaries of the Company, the Capital Stock of which constitutes all or substantially all of the properties and assets of the Company, shall be deemed
to be the transfer of all or substantially all of the properties and assets of the Company. However, transfer of assets between or among the Company and its Restricted Subsidiaries will not be subject to this Section 5.01. 

SECTION 5.02. Successor Corporation Substituted. 

Upon any consolidation, combination or merger, or any transfer of all or substantially all of the assets of the Company in
accordance with Section 5.01 hereof, in which the Company is not the continuing corporation, the successor Person formed by such consolidation or into which the Company is merged or to which such conveyance, lease or transfer is made shall
succeed to, and be substituted for, and may exercise every right and power of the Company under this Indenture and the Notes with the same effect as if such surviving entity had been named as such and that, in the event of a conveyance or transfer
(but not a lease), the conveyor or transferor (but not a lessor) shall be released from the provisions of this Indenture. 
 ARTICLE VI 

DEFAULTS AND REMEDIES 

SECTION 6.01. Events of Default. 

“Events of Default” are: 

(a) the failure to pay interest on any Notes when the same becomes due and payable if the default continues for
a period of 30 days (whether or not such payment shall be prohibited by Article 10 or Article 12 hereof); 

  
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 (b) the failure to pay the principal on any Notes when such
principal becomes due and payable, at maturity, upon redemption or otherwise (including the failure to make a payment to purchase Notes tendered pursuant to a Change of Control Offer or a Net Proceeds Offer on the date specified for such payment in
the applicable offer to purchase) (whether or not such payment shall be prohibited by Article 10 or Article 12 hereof); 

(c) a default in the observance or performance of any other covenant or agreement contained herein if the
default continues for a period of 60 days (or 180 days in the case of the covenant described under Section 4.03 hereof) after the Company receives written notice specifying the default (and demanding that such default be remedied) from the
Trustee or the Holders of at least 25% of the outstanding principal amount of the Notes (except in the case of a default with respect to Section 5.01 hereof, which will constitute an Event of Default with such notice requirement but without
such passage of time requirement); 
 (d) the failure to pay at final stated maturity (giving effect to any
applicable grace periods and any extensions thereof) the principal amount of any Indebtedness of the Company or any Significant Subsidiary of the Company (other than a Securitization Entity), or the acceleration of the final stated maturity of any
such Indebtedness, if the aggregate principal amount of such Indebtedness, together with the principal amount of any other such Indebtedness in default for failure to pay principal at final maturity or which has been accelerated, aggregates
$50.0 million or more at any time; 
 (e) one or more judgments in an aggregate amount in excess of
$50.0 million shall have been rendered against the Company or any of its Significant Subsidiaries and such judgments remain undischarged, unpaid or unstayed for a period of 60 days after such judgment or judgments become final and non-appealable; 
 (f) the Company or any of its Significant Subsidiaries
pursuant to, or within the meaning of, Bankruptcy Law: 
 (i) commences a voluntary case, 

(ii) consents to the entry of an order for relief against it in an involuntary case, 

(iii) consents to the appointment of a custodian of it or for all or substantially all of its property, or 

(iv) makes a general assignment for the benefit of its creditors; or 

(g) a court of competent jurisdiction enters an order or decree under any Bankruptcy Law that: 

(i) is for relief against the Company or any of its Significant Subsidiaries, 

  
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 (ii) appoints a custodian of the Company or any of its
Significant Subsidiaries or for all or substantially all of the property of the Company or any of its Significant Subsidiaries, or 

(iii) orders the liquidation of the Company or any of its Significant Subsidiaries and the order or decree
remains unstayed and in effect for 60 consecutive days. 
 SECTION 6.02. Acceleration. 

If any Event of Default (other than an Event of Default specified in clause (f) or (g) of Section 6.01 hereof
with respect to the Company) occurs and is continuing, the Trustee or the Holders of at least 25% in principal amount of the then outstanding Notes may declare the principal of, and accrued interest on, all the Notes to be due and payable
immediately by notice in writing to the Company and the Trustee specifying the respective Event of Default and that it is a “notice of acceleration” (the “Acceleration Notice”), and the same (i) shall become
immediately due and payable or (ii) if there are any amounts outstanding under the Credit Facilities, shall become immediately due and payable upon the first to occur of an acceleration under the Credit Facilities and five Business Days after
receipt by the Company and the Representative under the Credit Facilities of such Acceleration Notice but only if such Event of Default is then continuing. If an Event of Default specified in clause (f) or (g) of Section 6.01 hereof
with respect to the Company occurs and is continuing, then all unpaid principal of, and premium, if any, and accrued and unpaid interest on, all the outstanding Notes shall ipso facto become and be immediately due and payable without any
declaration or other act on the part of the Trustee or any Holder. 
 At any time after a declaration of acceleration with
respect to the Notes as described in the preceding paragraph, the Holders of a majority in principal amount of the Notes may rescind and cancel such declaration and its consequences (i) if the rescission would not conflict with any judgment or
decree, (ii) if all existing Events of Default have been cured or waived except nonpayment of principal or interest that has become due solely because of the acceleration, (iii) to the extent the payment of such interest is lawful,
interest on overdue installments of interest and overdue principal, which has become due otherwise than by such declaration of acceleration, has been paid, (iv) if the Company has paid the Trustee its reasonable compensation and reimbursed the
Trustee for its expenses, disbursements and advances, and (v) in the event of the cure or waiver of an Event of Default of the type described in clause (f) or (g) of Section 6.01 hereof, the Trustee shall have received an
Officers’ Certificate and an Opinion of Counsel that such Event of Default has been cured or waived. No such rescission shall affect any subsequent Default or impair any right consequent thereto. 

SECTION 6.03. Other Remedies. 

If an Event of Default occurs and is continuing, the Trustee may pursue any available remedy to collect the payment of
principal, premium, if any, and interest on the Notes or to enforce the performance of any provision of the Notes or this Indenture. 

The Trustee may maintain a proceeding even if it does not possess any of the Notes or does not produce any of them in the
proceeding. A delay or omission by the Trustee or any 

  
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Holder in exercising any right or remedy accruing upon an Event of Default shall not impair the right or remedy or constitute a waiver of or acquiescence in the Event of Default. All remedies are
cumulative to the extent permitted by law. 
 SECTION 6.04. Waiver of Past Defaults. 

Holders of not less than a majority in aggregate principal amount of the then-outstanding Notes by notice to the Trustee may
on behalf of the Holders of all of the Notes waive an existing Default or Event of Default and its consequences hereunder, except a continuing Default or Event of Default in the payment of the principal of, premium and interest on the Notes
(including in connection with an offer to purchase) (provided, however, that the Holders of a majority in aggregate principal amount at maturity of the then-outstanding Notes may rescind an acceleration and its consequences, including
any related payment default that resulted from such acceleration). Upon any such waiver, such Default shall cease to exist, and any Event of Default arising therefrom shall be deemed to have been cured for every purpose of this Indenture; but no
such waiver shall extend to any subsequent or other Default or impair any right consequent thereon. 
 SECTION 6.05.
Control by Majority. 
 Holders of a majority in principal amount of the then-outstanding Notes may direct the time,
method and place of conducting any proceeding for exercising any remedy available to the Trustee or exercising any trust or power conferred on it. However, the Trustee may refuse to follow any direction that conflicts with law or this Indenture,
that the Trustee determines may be unduly prejudicial to the rights of other Holders or that may involve the Trustee in personal liability. 

SECTION 6.06. Limitation on Suits. 

A Holder may pursue a remedy with respect to this Indenture or the Notes only if: 

(a) the Holder gives to the Trustee written notice of a continuing Event of Default; 

(b) the Holders of at least 25% in principal amount of the then-outstanding Notes make a written request to the
Trustee to pursue the remedy; 
 (c) such Holder or Holders offer and, if requested, provide to the Trustee
indemnity satisfactory to the Trustee against any loss, liability or expense; 
 (d) the Trustee does not
comply with the request within 60 days after receipt of the request and the offer and, if requested, the provision of indemnity; and 

(e) during such 60-day period, the Holders of a majority in principal
amount of the then outstanding Notes do not give the Trustee a direction inconsistent with the request. 
 A Holder may not
use this Indenture to prejudice the rights of another Holder or to obtain a preference or priority over another Holder. 

  
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 SECTION 6.07. Rights of Holders of Notes to Receive Payment. 

Notwithstanding any other provision of this Indenture, the right of any Holder of a Note to receive payment of principal,
premium and interest on the Note, on or after the respective due dates expressed in the Note (including in connection with an offer to purchase), or to bring suit for the enforcement of any such payment on or after such respective dates, shall not
be impaired or affected without the consent of such Holder. 
 SECTION 6.08. Collection Suit by Trustee. 

If an Event of Default specified in Section 6.01(a) or (b) hereof occurs and is continuing, the Trustee is
authorized to recover judgment in its own name and as trustee of an express trust against the Company for the whole amount of principal amount of, premium and interest remaining unpaid on the Notes and interest on overdue principal and, to the
extent lawful, interest and such further amount as shall be sufficient to cover the costs and expenses of collection, including the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel. 

SECTION 6.09. Trustee May File Proofs of Claim. 

The Trustee is authorized to file such proofs of claim and other papers or documents as may be necessary or advisable in order
to have the claims of the Trustee (including any claim for the reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel) and the Holders allowed in any judicial proceedings relative to the Company (or any
other obligor upon the Notes), its creditors or its property and shall be entitled and empowered to collect, receive and distribute any money or other property payable or deliverable on any such claims, and any custodian in any such judicial
proceeding is hereby authorized by each Holder to make such payments to the Trustee, and in the event that the Trustee shall consent to the making of such payments directly to the Holders, to pay to the Trustee any amount due to it for the
reasonable compensation, expenses, disbursements and advances of the Trustee, its agents and counsel, and any other amounts due the Trustee under Section 7.07 hereof. To the extent that the payment of any such compensation, expenses,
disbursements and advances of the Trustee, its agents and counsel, and any other amounts due the Trustee under Section 7.07 hereof out of the estate in any such proceeding, shall be denied for any reason, payment of the same shall be secured by
a Lien on, and shall be paid out of, any and all distributions, dividends, money, securities and other properties that the Holders may be entitled to receive in such proceeding whether in liquidation or under any plan of reorganization or
arrangement or otherwise. Nothing herein contained shall be deemed to authorize the Trustee to authorize or consent to or accept or adopt on behalf of any Holder any plan of reorganization, arrangement, adjustment or composition affecting the Notes
or the rights of any Holder, or to authorize the Trustee to vote in respect of the claim of any Holder in any such proceeding. 

SECTION 6.10. Priorities. 

Any money collected by the Trustee pursuant to this Article, and any other money or property distributable in respect of the
Company’s obligations under this Indenture after an Event of Default, shall be applied in the following order: 

  
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 First: to the Trustee (including a predecessor
Trustee), its agents and attorneys for amounts due under Section 7.07 hereof, including payment of all compensation, expense and liabilities incurred, and all advances made, by the Trustee (including a predecessor Trustee) and the costs and
expenses of collection; 
 Second: to Holders for amounts due and unpaid on the Notes for principal
amount, premium and interest, ratably, without preference or priority of any kind, according to the amounts due and payable on the Notes for principal amount, premium and interest, respectively; and 

Third: to the Company or to such party as a court of competent jurisdiction shall direct. 

The Trustee may fix a record date and payment date for any payment to Holders pursuant to this Section 6.10. 

SECTION 6.11. Undertaking for Costs. 

In any suit for the enforcement of any right or remedy under this Indenture or in any suit against the Trustee for any action
taken or omitted by it as a Trustee, a court in its discretion may require the filing by any party litigant in the suit of an undertaking to pay the costs of the suit, and the court in its discretion may assess reasonable costs, including reasonable
attorneys’ fees and expenses, against any party litigant in the suit, having due regard to the merits and good faith of the claims or defenses made by the party litigant. This Section does not apply to a suit by the Trustee, a suit by a
Holder pursuant to Section 6.07 hereof or a suit by Holders of more than 10% in principal amount of the then-outstanding Notes. 

ARTICLE VII 
 TRUSTEE 

SECTION 7.01. Duties of Trustee. 

(a) If an Event of Default has occurred and is continuing, the Trustee shall exercise such of the rights and powers vested in
it by this Indenture and use the same degree of care and skill in their exercise as a prudent person would exercise or use under the circumstances in the conduct of his or her own affairs. 

(b) Except during the continuance of an Event of Default: 

(i) the duties of the Trustee shall be determined solely by the express provisions of this Indenture, and the
Trustee need perform only those duties that are specifically set forth in this Indenture and no others, and no implied covenants or obligations shall be read into this Indenture against the Trustee; and 

(ii) in the absence of bad faith on its part, the Trustee may conclusively rely, as to the truth of the
statements and the correctness of the opinions expressed therein, upon certificates or opinions furnished to the Trustee and conforming to the requirements of this 

  
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Indenture. However, in the case of certificates or opinions which are specifically provided for by any provision herein to be provided to it, the Trustee shall examine the certificates and
opinions which are specifically required to be delivered to the Trustee by any provision of this Indenture to determine whether or not they conform to the requirements of this Indenture (but need not confirm or investigate the accuracy of
mathematical calculations or other facts stated therein). 
 (c) The Trustee may not be relieved from liabilities for its
own negligent action, its own negligent failure to act or its own willful misconduct, except that: 
 (i)
this paragraph does not limit the effect of paragraphs (b) or (e) of this Section; 
 (ii) the
Trustee shall not be liable for any error of judgment made in good faith by a Responsible Officer, unless it is proved that the Trustee was negligent in ascertaining the pertinent facts; and 

(iii) the Trustee shall not be liable with respect to any action it takes or omits to take in good faith in
accordance with a direction received by it pursuant to Section 6.05 hereof. 
 (d) Whether or not therein expressly so
provided, every provision of this Indenture that in any way relates to the Trustee is subject to paragraphs (a), (b), (c), (e) and (f) of this Section. 

(e) No provision of this Indenture shall require the Trustee to expend or risk its own funds or incur any liability. The
Trustee shall be under no obligation to exercise any of its rights and powers under this Indenture at the request of any Holders, unless such Holder shall have offered to the Trustee security and indemnity satisfactory to it against any loss,
liability or expense. 
 (f) The Trustee shall not be liable for interest on any money received by it except as the Trustee
may agree in writing with the Company. Money held in trust by the Trustee need not be segregated from other funds except to the extent required by law. 

SECTION 7.02. Rights of Trustee. 

(a) The Trustee may conclusively rely upon any document believed by it to be genuine and to have been signed or presented by
the proper Person. The Trustee need not investigate any fact or matter stated in the document. 
 (b) Before the Trustee
acts or refrains from acting, it may require an Officers’ Certificate or an Opinion of Counsel or both. The Trustee shall not be liable for any action it takes or omits to take in good faith in reliance on such Officers’ Certificate or
Opinion of Counsel. The Trustee may consult with counsel of its selection, and the advice of such counsel or any Opinion of Counsel shall be full and complete authorization and protection from liability in respect of any action taken, suffered or
omitted by it hereunder in good faith and in reliance thereon. 
 (c) The Trustee may act through its attorneys and agents
and shall not be responsible for the misconduct or negligence of any agent appointed with due care. 

  
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 (d) The Trustee shall not be liable for any action it takes or omits to take
in good faith that it believes to be authorized or within the rights or powers conferred upon it by this Indenture. 
 (e)
Unless otherwise specifically provided in this Indenture, any demand, request, direction or notice from the Company shall be sufficient if signed by an Officer of the Company. 

(f) The Trustee shall be under no obligation to exercise any of the rights or powers vested in it by this Indenture at the
request or direction of any of the Holders unless such Holders shall have offered to the Trustee security or indemnity reasonably satisfactory to it against the costs, expenses and liabilities that might be incurred by it in compliance with such
request or direction. 
 (g) The Trustee shall not be bound to make any investigation into the facts or matters stated in
any resolution, certificate, statement, instrument, opinion, report, notice, request, direction, consent, order, bond, debenture, note, other evidence of Indebtedness or other paper or document, but the Trustee, in its discretion, may make such
further inquiry or investigation into such facts or matters as it may see fit, and, if the Trustee shall determine to make such further inquiry or investigation, it shall be entitled to examine the books, records and premises of the Company,
personally or by agent or attorney at the sole cost of the Company and shall incur no liability or additional liability of any kind by reason of such inquiry or investigation. 

(h) The rights, privileges, protections, immunities and benefits given to the Trustee, including, without limitation, its
right to be indemnified, are extended to, and shall be enforceable by, the Trustee in each of its capacities hereunder, and each agent, custodian and other Person employed to act hereunder. 

(i) The permissive right of the Trustee to take or refrain from taking any actions enumerated in this Indenture shall not be
construed as a duty. 
 (j) The Trustee shall not be responsible or liable for any failure or delay in the performance of
its obligations under this Indenture arising out of or caused, directly or indirectly, by circumstances beyond its reasonable control, including, without limitation, acts of God; earthquakes; fire; flood; terrorism; wars and other military
disturbances; sabotage; epidemics; riots; interruptions; loss or malfunctions of utilities, computer (hardware or software) or communication services; accidents; labor disputes; acts of civil or military authority and governmental action. 

(k) Anything in this Indenture notwithstanding, in no event shall the Trustee be liable for special, indirect, punitive or
consequential loss or damage of any kind whatsoever (including but not limited to loss of profit), even if the Trustee has been advised as to the likelihood of such loss or damage and regardless of the form of action. 

(l) The Trustee may request that the Company deliver a certificate setting forth the names of individuals and/or titles of
officers authorized at such time to take specified actions pursuant to this Indenture. 

  
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 SECTION 7.03. Individual Rights of Trustee. 

The Trustee in its individual or any other capacity may become the owner or pledgee of Notes and may otherwise deal with the
Company or any Affiliate of the Company with the same rights it would have if it were not Trustee. However, in the event that the Trustee acquires any conflicting interest, it must eliminate such conflict within 90 days, apply to the SEC for
permission to continue as trustee or resign. The Registrar or any Paying Agent may do the same with like rights and duties. The Trustee is also subject to Sections 7.10 and 7.11 hereof. 

SECTION 7.04. Trustee’s Disclaimer. 

The Trustee shall not be responsible for, and makes no representation as to the validity or adequacy of, this Indenture or the
Notes, it shall not be accountable for the Company’s use of the proceeds from the Notes or any money paid to the Company or upon the Company’s direction under any provision of this Indenture, it shall not be responsible for the use or
application of any money received by any Paying Agent other than the Trustee and it shall not be responsible for any statement or recital herein or any statement in the Notes or any other document in connection with the sale of the Notes or pursuant
to this Indenture other than its certificate of authentication. 
 SECTION 7.05. Notice of Defaults. 

(a) The Trustee shall not be deemed to have notice or knowledge of any Default or Event of Default unless written notice of
such a Default or Event of Default is received by the Trustee at the Corporate Trust Office of the Trustee, and such notice references the Notes and this Indenture. 

(b) Within 90 days after the occurrence of a Default or an Event of Default, the Trustee shall mail (or otherwise transmit in
accordance with the applicable procedures of DTC) to Holders, as their names and addresses appear in the security register for the Notes, a notice of the Default or Event of Default known to the Trustee, unless such Default or Event of Default shall
have been cured or waived. Except in the case of a Default or Event of Default in payment of principal of, premium, if any, or interest on any Note, the Trustee may withhold the notice if and so long as a committee of its Responsible Officers in
good faith determines that withholding the notice is in the interests of the Holders. 
 SECTION 7.06. Reports by Trustee
to Holders of the Notes. 
 Within 60 days after each May 15 beginning with May 15, 2021, and for so long as
Notes remain outstanding, the Trustee shall mail to the Holders a brief report dated as of such reporting date that complies with TIA § 313(a) (but if no event described in TIA § 313(a) has occurred within the twelve months
preceding the reporting date, no report need be transmitted). The Trustee also shall comply with TIA § 313(b)(2). The Trustee shall also transmit by mail all reports as required by TIA § 313(c). 

A copy of each report at the time of its mailing to the Holders shall be mailed to the Company and filed with the SEC and each
stock exchange on which the Notes are listed in 

  
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accordance with TIA § 313(d). The Company shall promptly notify the Trustee when the Notes are listed on, or delisted from, any stock exchange. 

The Trustee shall not be deemed to have any actual or constructive notice or knowledge of any reports or notice received from
the Company, Holdings or the Guarantors and subsequently provided to the Holders. 
 SECTION 7.07. Compensation and
Indemnity. 
 The Company, Holdings and the Guarantors shall, jointly and severally, pay to the Trustee from time to
time such compensation for its acceptance of this Indenture and services hereunder as the parties shall agree from time to time. The Trustee’s compensation shall not be limited by any law on compensation of a trustee of an express trust. The
Company, Holdings and the Guarantors shall reimburse the Trustee promptly upon request for all reasonable disbursements, advances and expenses incurred or made by it in addition to the compensation for its services. Such expenses shall include the
reasonable compensation, disbursements and expenses of the Trustee’s agents and counsel. 
 The Company, Holdings and
the Guarantors, jointly and severally, shall indemnify the Trustee against any and all losses, claims, damages, liabilities or expenses (including reasonable attorneys’ fees and expenses) incurred by it arising out of, or in connection with,
the acceptance or administration of its duties under this Indenture, including the costs and expenses of enforcing this Indenture against the Company, Holdings and the Guarantors (including this Section 7.07) and defending itself against any
claim (whether asserted by the Company, Holdings and the Guarantors or any Holder or any other person) or liability in connection with the exercise or performance of any of its powers or duties hereunder, except to the extent any such loss,
liability or expense shall be determined to have been caused by its own negligence or willful misconduct. The Trustee shall notify the Company, Holdings and the Guarantors promptly of any claim of which a Responsible Offer has received notice for
which it may seek indemnity. Failure by the Trustee to so notify the Company shall not relieve the Company of its obligations hereunder. The Company shall defend the claim, and the Trustee shall cooperate in the defense. The Trustee may have
separate counsel, and the Company shall pay the reasonable fees and expenses of such counsel. The Company, Holdings and the Guarantors need not pay for any settlement made without their consent, which consent shall not be unreasonably withheld. 

The obligations of the Company, Holdings and the Guarantors under this Section 7.07 shall survive the resignation or
removal of the Trustee, the satisfaction and discharge and the termination of this Indenture. 
 To secure the
Company’s, Holdings’ and the Guarantors’ payment obligations in this Section, the Trustee shall have a Lien prior to the Notes on all money or property held or collected by the Trustee, except that held in trust to pay principal and
interest on particular Notes. Such Lien shall survive the resignation or removal of the Trustee, the satisfaction and discharge and the termination of this Indenture. 

In addition, and without prejudice to the rights provided to the Trustee under any of the provisions of this Indenture, when
the Trustee incurs expenses or renders services after an 

  
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Event of Default specified in Section 6.01(f) or (g) hereof occurs, the expenses and the compensation for the services (including the fees and expenses of its agents and counsel)
are intended to constitute expenses of administration under any Bankruptcy Law. 
 “Trustee” for purposes of this
Section shall include any predecessor Trustee and the Trustee in each of its capacities hereunder and each agent, custodian and other person employed to act hereunder; provided, however, that the negligence, willful misconduct or
bad faith of any Trustee hereunder shall not affect the rights of any other Trustee hereunder. 
 The Trustee shall comply
with the provisions of TIA § 313(b)(2) to the extent applicable. 
 SECTION 7.08. Replacement of Trustee.

 A resignation or removal of the Trustee and appointment of a successor Trustee shall become effective only upon the
successor Trustee’s acceptance of appointment as provided in this Section. 
 The Trustee may resign in writing at any
time and be discharged from the trust hereby created by so notifying the Company. The Holders of Notes of a majority in principal amount of the then-outstanding Notes may remove the Trustee by, with 30 days’ prior notice, so notifying the
Trustee and the Company in writing. The Company may remove the Trustee if: 
 (a) the Trustee fails to comply
with Section 7.10 hereof, 
 (b) the Trustee is adjudged bankrupt or insolvent, or an order for relief
is entered with respect to the Trustee under any Bankruptcy Law; 
 (c) a custodian or public officer takes
charge of the Trustee or its property; or 
 (d) the Trustee becomes incapable of acting. 

If the Trustee resigns or is removed, or if a vacancy exists in the office of Trustee for any reason, the Company shall
promptly appoint a successor Trustee. Within one year after the successor Trustee takes office, the Holders of a majority in principal amount of the then-outstanding Notes may appoint a successor Trustee to replace the successor Trustee appointed by
the Company. 
 If a successor Trustee does not take office within 60 days after the retiring Trustee resigns or is removed,
the retiring Trustee, the Company, or the Holders of at least 10% in principal amount of the then-outstanding Notes may petition any court of competent jurisdiction, at the expense of the Company, for the appointment of a successor Trustee. 

If the Trustee, after written request by any Holder who has been a Holder for at least six months, fails to comply with
Section 7.10, such Holder may petition any court of competent jurisdiction for the removal of the Trustee and the appointment of a successor Trustee. 

  
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 A successor Trustee shall deliver a written acceptance of its appointment to
the retiring Trustee and to the Company. Thereupon, the resignation or removal of the retiring Trustee shall become effective, and the successor Trustee shall have all the rights, powers and duties of the Trustee under this Indenture. The successor
Trustee shall mail a notice of its succession to Holders. The retiring Trustee shall promptly transfer all property held by it as Trustee to the successor Trustee, provided that all sums owing to the Trustee hereunder have been paid and are
subject to the Lien provided for in Section 7.07 hereof. Notwithstanding replacement of the Trustee pursuant to this Section 7.08, the Company’s obligations under Section 7.07 hereof shall continue for the benefit of the retiring
Trustee. 
 SECTION 7.09. Successor Trustee by Merger, etc. 

If the Trustee consolidates, merges or converts into, or transfers all or substantially all of its corporate trust business
to, another corporation, the successor corporation without any further act shall be the successor Trustee. 
 SECTION 7.10.
Eligibility; Disqualification. 
 There shall at all times be a Trustee hereunder that is a corporation organized and
doing business under the laws of the United States of America or of any State thereof, that is authorized under such laws to exercise corporate trustee power, that is subject to supervision or examination by federal or state authorities and that has
a combined capital and surplus of at least $100.0 million as set forth in its most recent published annual report of condition. 

This Indenture shall always have a Trustee who satisfies the requirements of TIA § 310(a)(1), (2) and (5). The
Trustee is subject to TIA § 310(b). 
 SECTION 7.11. Preferential Collection of Claims Against the Company. 

The Trustee is subject to TIA § 311(a), excluding any creditor relationship listed in TIA § 311(b). A Trustee who
has resigned or been removed shall be subject to TIA § 311(a) to the extent indicated therein. 
 ARTICLE VIII 

LEGAL DEFEASANCE AND COVENANT DEFEASANCE 

SECTION 8.01. Option to Effect Legal Defeasance or Covenant Defeasance. 

The Company may, at the option of its Board of Directors evidenced by a resolution set forth in an Officers’ Certificate,
at any time elect to have either Section 8.02 or 8.03 hereof applied to all outstanding Notes upon compliance with the conditions set forth below in this Article 8. 

SECTION 8.02. Legal Defeasance and Discharge. 

Upon the Company’s exercise under Section 8.01 hereof of the option applicable to this Section 8.02, the
Company shall, subject to the satisfaction of the conditions set forth in 

  
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Section 8.04 hereof, be deemed to have been discharged from its obligations with respect to all outstanding Notes on the date the conditions set forth below are satisfied (hereinafter,
“Legal Defeasance”). For this purpose, Legal Defeasance means that the Company shall be deemed to have paid and discharged the entire Indebtedness represented by the outstanding Notes, which shall thereafter be deemed to be
“outstanding” only for the purposes of Section 8.05 hereof and the other Sections of this Indenture referred to in (a) and (b) below, and to have satisfied all its other obligations under such Notes and this Indenture (and
the Trustee, on demand of, and at the expense of, the Company, shall execute proper instruments acknowledging the same), except for the following provisions which shall survive until otherwise terminated or discharged hereunder: (a) the rights
of Holders of outstanding Notes to receive solely from the trust fund described in Section 8.04 hereof, and as more fully set forth in such Section, payments in respect of the principal amount of, premium, if any, and interest on, such Notes
when such payments are due, (b) the Company’s obligations with respect to such Notes under Article 2 and Section 4.02 hereof, (c) the rights, powers, trusts, duties and immunities of the Trustee hereunder, and the
Company’s obligations in connection therewith, and (d) the provisions of this Article 8 with respect to Legal Defeasance. Subject to compliance with this Article 8, the Company may exercise its option under this Section 8.02
notwithstanding the prior exercise of its option under Section 8.03 hereof. 
 SECTION 8.03. Covenant
Defeasance. 
 Upon the Company’s exercise under Section 8.01 hereof of the option applicable to this
Section 8.03, the Company shall, subject to the satisfaction of the conditions set forth in Section 8.04 hereof, be released from its obligations under the covenants contained in Sections 4.07, 4.08, 4.09, 4.10, 4.11, 4.12, 4.13, 4.15,
4.16, 4.17 and 4.18 hereof with respect to the outstanding Notes on and after the date the conditions set forth in Section 8.04 hereof are satisfied (hereinafter, “Covenant Defeasance”), and the Notes shall thereafter be deemed
not “outstanding” for the purposes of any direction, waiver, consent or declaration or act of Holders (and the consequences of any thereof) in connection with such covenants but shall continue to be deemed “outstanding” for all
other purposes hereunder (it being understood that such Notes shall not be deemed outstanding for accounting purposes). For this purpose, Covenant Defeasance means that, with respect to the outstanding Notes, the Company may omit to comply with and
shall have no liability in respect of any term, condition or limitation set forth in any such covenant, whether directly or indirectly, by reason of any reference elsewhere herein to any such covenant or by reason of any reference in any such
covenant to any other provision herein or in any other document, and such omission to comply shall not constitute a Default or an Event of Default under Section 6.01 hereof, but, except as specified above, the remainder of this Indenture and
such Notes shall be unaffected thereby. In addition, upon the Company’s exercise under Section 8.01 hereof of the option applicable to this Section 8.03 hereof, subject to the satisfaction of the conditions set forth in
Section 8.04 hereof, Sections 6.01(d) and 6.01(e) hereof shall not constitute Events of Default. 
 SECTION
8.04. Conditions to Legal or Covenant Defeasance. 
 The following shall be the conditions to the application of
either Section 8.02 or 8.03 hereof to the outstanding Notes: 

  
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 In order to exercise either Legal Defeasance or Covenant Defeasance: 

(a) the Company must irrevocably deposit with the Trustee, in trust, for the benefit of the Holders, cash in
United States dollars, non-callable Government Securities or a combination thereof, in such amounts as will be sufficient, in the opinion of a nationally-recognized firm of independent public accountants, to
pay the principal amount at maturity of, premium and interest on, the outstanding Notes on the stated date for payment thereof or on the applicable redemption date, as the case may be; 

(b) in the case of an election under Section 8.02 hereof, the Company shall have delivered to the Trustee
an Opinion of Counsel in the United States of America reasonably acceptable to the Trustee confirming that (A) the Company has received from, or there has been published by, the Internal Revenue Service a ruling or (B) since the date of
this Indenture, there has been a change in the applicable federal income tax law, in either case to the effect that, and based thereon such Opinion of Counsel shall confirm that, the Holders of the outstanding Notes will not recognize income, gain
or loss for federal income tax purposes as a result of such Legal Defeasance and will be subject to federal income tax on the same amounts, in the same manner and at the same times as would have been the case if such Legal Defeasance had not
occurred; 
 (c) in the case of an election under Section 8.03 hereof, the Company shall have delivered
to the Trustee an Opinion of Counsel in the United States of America reasonably acceptable to the Trustee confirming that the Holders of the outstanding Notes will not recognize income, gain or loss for federal income tax purposes as a result of
such Covenant Defeasance and will be subject to federal income tax on the same amounts, in the same manner and at the same times as would have been the case if such Covenant Defeasance had not occurred; 

(d) no Default or Event of Default shall have occurred and be continuing on the date of such deposit (other
than a Default or Event of Default resulting from the incurrence of Indebtedness all or a portion of the proceeds of which will be used to defease the Notes pursuant to this Article 8 concurrently with such incurrence and the grant of a Lien to
secure such Indebtedness) or, insofar as Section 6.01(f) or 6.01(g) hereof is concerned, at any time in the period ending on the 91st day after the date of deposit; 

(e) such Legal Defeasance or Covenant Defeasance shall not result in a breach or violation of, or constitute a
default under, this Indenture (other than a Default or an Event of Default resulting from the borrowing of funds to be applied to such deposit and the grant of any Lien securing such borrowing) or any other material agreement or instrument to which
the Company or any of its Subsidiaries is a party or by which the Company or any of its Subsidiaries is bound; 

(f) the Company shall have delivered to the Trustee an Opinion of Counsel (which may be subject to customary
exceptions) to the effect that (A) the trust funds will not be subject to any rights of holders of Senior Debt, including those arising under this Indenture, and (B) after the 91st day following the deposit, the trust funds will not be
subject to the 

  
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effect of the preference provisions of Section 547 of the United States Federal Bankruptcy Code; 

(g) the Company shall have delivered to the Trustee an Officers’ Certificate stating that the deposit was
not made by the Company with the intent of preferring the Holders over any other creditors of the Company or with the intent of defeating, hindering, delaying or defrauding any other creditors of the Company or others; 

(h) the Company shall have delivered to the Trustee an Officers’ Certificate and an Opinion of Counsel,
each stating that all conditions precedent provided for, or relating to, the Legal Defeasance or the Covenant Defeasance have been complied with; and 

(i) the Company shall have paid, or duly provided for payment of, all amounts then due to the Trustee pursuant
to Section 7.07 hereof. 
 Notwithstanding the foregoing, the Opinion of Counsel required by clause (b) above with
respect to a Legal Defeasance need not be delivered if all Notes not therefor delivered to the Trustee for cancellation (A) have become due and payable or (B) will become due and payable on the maturity date within one year under
arrangements satisfactory to the Trustee for giving of notice of redemption by the Trustee in the name, and at the expense, of the Company. 

SECTION 8.05. Deposited Money and Government Securities to Be Held in Trust; Other Miscellaneous Provisions. 

Securities (including the proceeds thereof) deposited with the Trustee (or other qualifying trustee, collectively for purposes
of this Section 8.05, the “Trustee”) pursuant to Section 8.04 hereof in respect of the outstanding Notes shall be held in trust and applied by the Trustee, in accordance with the provisions of such Notes and this
Indenture, to the payment, either directly or through any Paying Agent (including the Company acting as Paying Agent) as the Trustee may determine, to the Holders of such Notes of all sums due and to become due thereon in respect of principal
amount, premium, if any, and interest, but such money need not be segregated from other funds except to the extent required by law. 

The Company shall pay and indemnify the Trustee against any tax, fee or other charge imposed on, or assessed against, the cash
or non-callable Government Securities deposited pursuant to Section 8.04 hereof or the principal and interest received in respect thereof other than any such tax, fee or other charge which by law is for
the account of the Holders of the outstanding Notes. 
 Anything in this Article 8 to the contrary notwithstanding, the
Trustee shall deliver or pay to the Company from time to time upon the request of the Company any money or non-callable Government Securities held by it as provided in Section 8.04 hereof which, in the
opinion of a nationally-recognized firm of independent public accountants expressed in a written certification thereof delivered to the Trustee (which may be the opinion delivered under Section 8.04(a) hereof), are in excess of the amount
thereof that would then be required to be deposited to effect an equivalent Legal Defeasance or Covenant Defeasance. 

  
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 SECTION 8.06. Satisfaction and Discharge. 

This Indenture shall be discharged and shall cease to be of further effect (except as to surviving rights or registration of
transfer or exchange of the Notes, as expressly provided for in this Indenture) as to all outstanding Notes when (i) either (a) all the Notes theretofore authenticated and delivered (except lost, stolen or destroyed Notes which have been
replaced or paid and Notes for whose payment money has theretofore been deposited in trust or segregated and held in trust by the Company and thereafter repaid to the Company or discharged from such trust) have been delivered to the Trustee for
cancellation or (b) all Notes not theretofore delivered to the Trustee for cancellation (x) have become due and payable, pursuant to an optional redemption notice or otherwise or (y) will become due and payable within one year or are
to be called for redemption within one year, and the Company has irrevocably deposited or caused to be deposited with the Trustee funds in an amount sufficient to pay and discharge the entire Indebtedness on the Notes not theretofore delivered to
the Trustee for cancellation, for principal of, premium, if any, and interest on the Notes to the date of deposit together with irrevocable instructions from the Company directing the Trustee to apply such funds to the payment thereof at maturity or
redemption, as the case may be; (ii) the Company has paid all other sums payable under this Indenture by the Company; and (iii) the Company has delivered to the Trustee an Officers’ Certificate and an Opinion of Counsel stating that
all conditions precedent under this Indenture relating to the satisfaction and discharge of this Indenture have been complied with. 

SECTION 8.07. Repayment to Company. 

Any money deposited with the Trustee or any Paying Agent, or then held by the Company, for two years after such principal and
premium, if any, or interest has become due and payable shall be paid to the Company on its request or (if then held by the Company) shall be discharged from such trust; and the Holder of such Note shall thereafter, as a secured creditor, look only
to the Company for payment thereof, and all liability of the Trustee or such Paying Agent with respect to such trust money, and all liability of the Company as trustee thereof, shall thereupon cease; provided, however, that the Trustee
or such Paying Agent, before being required to make any such repayment, may, at the expense of the Company, cause to be published once, in the New York Times and The Wall Street Journal (national edition), notice that such money remains unclaimed
and that, after a date specified therein, which shall not be less than 30 days from the date of such notification or publication, any unclaimed balance of such money then remaining will be repaid to the Company. 

SECTION 8.08. Reinstatement. 

If the Trustee or Paying Agent is unable to apply any United States dollars or
non-callable Government Securities in accordance with Section 8.02 or 8.03 hereof, as the case may be, by reason of any order or judgment of any court or governmental authority enjoining, restraining or
otherwise prohibiting such application, then the Company’s obligations under this Indenture and the Notes shall be revived and reinstated as though no deposit had occurred pursuant to Section 8.02 or 8.03 hereof until such time as the
Trustee or Paying Agent is permitted to apply all such money in accordance with Section 8.02 or 8.03 hereof, as the case may be; provided, however, that, if the Company makes any payment of principal of, premium, if any, or
interest on any Note following the reinstatement of its obligations, the Company shall be subrogated to the 

  
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rights of the Holders of such Notes to receive such payment from the money held by the Trustee or Paying Agent. 

SECTION 8.09. Survival. 

The Trustee’s rights under this Article 8 shall survive termination of this Indenture or the resignation or removal
of the Trustee. 
 ARTICLE IX 

AMENDMENT, SUPPLEMENT AND WAIVER 

SECTION 9.01. Without Consent of Holders of Notes. 

Notwithstanding Section 9.02 of this Indenture, the Company, Holdings, the Guarantors and the Trustee may amend or
supplement this Indenture, the Guarantees or the Notes without the consent of any Holder to: 
 (a) cure any
ambiguity, defect or inconsistency; 
 (b) provide for uncertificated Notes in addition to, or in place of,
certificated Notes or to alter the provisions of Article 2 or the Appendix hereof relating to the form of the Notes (including the related definitions) in a manner that does not materially adversely affect the legal rights of any Holder; 

(c) provide for the assumption of the Company’s, Holdings’ or a Guarantor’s obligations to the
Holders by a successor to the Company, Holdings or a Guarantor pursuant to Article 5 or Article 11 hereof, 

(d) make any change that would provide any additional rights or benefits to the Holders or that does not
adversely affect the legal rights hereunder of any Holder; 
 (e) comply with requirements of the SEC in
order to effect or maintain the qualification of this Indenture under the TIA; 
 (f) provide for the
issuance of Notes issued after the Issue Date in accordance with the limitations set forth in this Indenture; 

(g) allow any Guarantor to execute a supplemental indenture and/or a Guarantee with respect to the Notes;
provided, however, that any such supplemental indenture and/or Guarantee need only be executed by the Company, such Guarantor and the Trustee; 

(h) provide for the issuance of Exchange Notes or Private Exchange Notes; or 

(i) conform the text of this Indenture, the Guarantees or the Notes to any provision of the Description of
Notes to the extent that such provision in the Description of Notes was intended to be a verbatim recitation of a provision of this Indenture, the Guarantees or the Notes. 

  
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 Upon the request of the Company accompanied by a resolution of its Board of
Directors authorizing the execution of any such amended or supplemental indenture, and upon receipt by the Trustee of the documents described in Sections 7.02 and 13.04 hereof, the Trustee shall join with the Company, Holdings and the
Guarantors in the execution of any amended or supplemental indenture authorized or permitted by the terms of this Indenture and to make any further appropriate agreements and stipulations that may be therein contained, but the Trustee shall not be
obligated to enter into such amended or supplemental indenture that affects its own rights, duties or immunities under this Indenture or otherwise. 

SECTION 9.02. With Consent of Holders of Notes. 

Except as provided below in this Section 9.02, this Indenture (including Sections 3.09, 4.10 and 4.15 hereof), the
Guarantees and the Notes may be amended or supplemented with the consent of the Holders of at least a majority in principal amount of the Notes then outstanding voting as a single class (including consents obtained in connection with a tender offer
or exchange offer for, or purchase of, the Notes), and, subject to Sections 6.04 and 6.07 hereof, any existing Default or Event of Default (other than a Default or Event of Default in the payment of the principal of, premium, if any, or interest on
the Notes, except a payment default resulting from an acceleration that has been rescinded) or compliance with any provision of this Indenture, the Guarantees or the Notes may be waived with the consent of the Holders of a majority in principal
amount of the then-outstanding Notes voting as a single class (including consents obtained in connection with a tender offer or exchange offer for, or purchase of, the Notes). Section 2.08 hereof shall determine which Notes are considered to be
“outstanding” for purposes of this Section 9.02. 
 Upon the request of the Company accompanied by a
resolution of its Board of Directors authorizing the execution of any such amended or supplemental indenture, and upon the filing with the Trustee of evidence satisfactory to the Trustee of the consent of the Holders as aforesaid, and upon receipt
by the Trustee of the documents described in Section 7.02 hereof, the Trustee shall join with the Company in the execution of such amended or supplemental indenture unless such amended or supplemental indenture directly affects the
Trustee’s own rights, duties or immunities under this Indenture or otherwise, in which case the Trustee may, in its discretion, but shall not be obligated to, enter into such amended or supplemental indenture. 

It shall not be necessary for the consent of the Holders under this Section 9.02 to approve the particular form of any
proposed amendment or waiver, but it shall be sufficient if such consent approves the substance thereof. 
 After an
amendment, supplement or waiver under this Section becomes effective, the Company shall mail to the Holders of Notes affected thereby a notice briefly describing the amendment, supplement or waiver. Any failure of the Company to mail such
notice, or any defect therein, shall not, however, in any way impair or affect the validity of any such amended or supplemental indenture or waiver. Subject to Sections 6.04 and 6.07 hereof, the Holders of a majority in aggregate principal
amount of the Notes then outstanding voting as a single class may waive compliance in a particular instance by the Company with any provision of this Indenture or the Notes. However, without the consent of each Holder affected, an amendment or
waiver under this Section 9.02 may not (with respect to any Notes held by a non-consenting Holder): 

  
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 (a) reduce the principal amount of Notes whose Holders must
consent to an amendment, supplement or waiver; 
 (b) reduce the principal of, or change or have the effect
of changing, the fixed maturity of any Note, or change the date on which any Note may be subject to redemption or reduce the redemption price therefor; 

(c) reduce the rate of, or change or have the effect of changing, the time for payment of interest, including
defaulted interest, on any Note; 
 (d) waive a Default or Event of Default in the payment of principal of or
premium, if any, or interest on the Notes (except a rescission of acceleration of the Notes by the Holders of at least a majority in aggregate principal amount at maturity of the then outstanding Notes and a waiver of the payment default that
resulted from such acceleration); 
 (e) make any Notes payable in money other than that stated in the Notes;

 (f) make any change in the provisions of this Indenture protecting the legal right of each Holder to
receive payment of principal of and interest on such Note on or after the due date thereof or to bring suit to enforce such payment, or permitting Holders of a majority in principal amount of Notes to waive Defaults or Events of Default; 

(g) after the Company’s obligation to purchase Notes arises thereunder, amend, change or modify in any
material respect the obligation of the Company to make and consummate a Change of Control Offer in the event of a Change of Control or modify any of the provisions or definitions with respect thereto after a Change of Control has occurred; 

(h) modify or change any provision of this Indenture or the related definitions affecting the subordination or
ranking of the Notes or the Guarantees in a manner which adversely affects the Holders; or 
 (i) make any
change in the foregoing amendment and waiver provisions. 
 An amendment under this Section may not make any change
that adversely affects the rights under Article 10 or 12 hereof or any supplemental indenture to this Indenture providing for a Guarantee of the Notes by a Restricted Subsidiary of the Company or any holder of Senior Debt of the Company,
Holdings or of a Guarantor then outstanding (including any such change of this paragraph of this Section 9.02) unless the holders of such Senior Debt (or their Representative) consent to such change. 

SECTION 9.03. Compliance with Trust Indenture Act. 

Every amendment or supplement to this Indenture or the Notes shall be set forth in an amended or supplemental indenture that
complies with the TIA as then in effect. 

  
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 SECTION 9.04. Revocation and Effect of Consents. 

Until an amendment, supplement or waiver becomes effective, a consent to it by a Holder is a continuing consent by the Holder
and every subsequent Holder of a Note or portion of a Note that evidences the same debt as the consenting Holder’s Note, even if notation of the consent is not made on any Note. However, any such Holder or subsequent Holder may revoke the
consent as to its Note if the Trustee receives written notice of revocation before the date the waiver, supplement or amendment becomes effective. An amendment, supplement or waiver becomes effective in accordance with its terms and thereafter binds
every Holder. 
 SECTION 9.05. Notation on, or Exchange of, Notes. 

The Trustee may place an appropriate notation about an amendment, supplement or waiver on any Note thereafter authenticated.
The Company, in exchange for all Notes, may issue, and the Trustee shall, upon receipt of an Authentication Order, authenticate, new Notes that reflect the amendment, supplement or waiver. 

Failure to make the appropriate notation or issue a new Note shall not affect the validity and effect of such amendment,
supplement or waiver. 
 SECTION 9.06. Trustee to Sign Amendments, etc. 

The Trustee shall sign any amended or supplemental indenture authorized pursuant to this Article 9 if the amendment or
supplement does not adversely affect the rights, duties, liabilities or immunities of the Trustee. The Company may not sign an amendment or supplemental indenture until the Board of Directors approves it. In executing any amended or supplemental
indenture, the Trustee shall be given and (subject to Section 7.01 hereof) shall be fully protected in relying upon, in addition to the documents required by Section 13.04 hereof, an Officers’ Certificate and an Opinion of Counsel
stating that the execution of such amended or supplemental indenture is authorized or permitted by this Indenture. 
 ARTICLE X 

SUBORDINATION 

SECTION 10.01. Agreement to Subordinate. 

The Company agrees, and each Holder by accepting a Note agrees, that the Indebtedness evidenced by the Notes is subordinated
in right of payment, to the extent and in the manner provided in this Article 10, to the prior payment of all Senior Debt of the Company and that the subordination is for the benefit of, and enforceable by, the holders of such Senior Debt. The
Notes shall in all respects rank pari passu with all other Senior Subordinated Debt of the Company, and only Indebtedness of the Company which is Senior Debt of the Company shall rank senior to the Notes in accordance with the provisions set
forth herein. All provisions of this Article 10 shall be subject to Section 10.12. 

  
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 SECTION 10.02. Liquidation, Dissolution, Bankruptcy. 

Upon any payment or distribution of the assets of the Company to creditors upon a total or partial liquidation or a total or
partial dissolution of the Company or in a bankruptcy, reorganization, insolvency, receivership or similar proceeding relating to the Company or its property: 

(1) holders of Senior Debt of the Company shall be entitled to receive payment in full in cash of such Senior
Debt before Holders shall be entitled to receive any payment; and 
 (2) until the Senior Debt of the Company
is paid in full in cash, any payment or distribution to which Holders would be entitled but for this Article 10 shall be made to holders of such Senior Debt as their interests may appear, except that Holders may receive shares of stock and any
debt securities that are subordinated to such Senior Debt to at least the same extent as the Notes. 
 SECTION 10.03.
Default on Senior Debt of the Company. 
 The Company shall not pay the principal of, premium, if any, or interest on
the Notes or make any deposit pursuant to Section 8.04 and may not purchase, redeem or otherwise retire any Notes (collectively, “pay the Notes”) if either of the following (a “Payment Default”) occurs:
(1) any Designated Senior Debt of the Company is not paid in full in cash when due; or (2) any other default on Designated Senior Debt of the Company occurs, and the maturity of such Designated Senior Debt is accelerated in accordance with
its terms unless, in either case, the Payment Default has been cured or waived and any such acceleration has been rescinded or such Designated Senior Debt has been paid in full in cash; provided, however, that the Company shall be
entitled to pay the Notes without regard to the foregoing if the Company and the Trustee receive written notice approving such payment from the Representative of any Designated Senior Debt with respect to which the Payment Default has occurred and
is continuing. During the continuance of any default (other than a Payment Default) with respect to any Designated Senior Debt of the Company pursuant to which the maturity thereof may be accelerated without further notice (except such notice as may
be required to effect such acceleration) or the expiration of any applicable grace periods, the Company shall not pay the Notes for a period (a “Payment Blockage Period”) commencing upon the receipt by the Trustee (with a copy to
the Company) of written notice (a “Blockage Notice”) of such default from the Representative of such Designated Senior Debt specifying an election to effect a Payment Blockage Period and ending 179 days thereafter. The Payment
Blockage Period shall end earlier if such Payment Blockage Period is terminated (1) by written notice to the Trustee and the Company from the Person or Persons who gave such Blockage Notice; (2) because the default giving rise to such
Blockage Notice is cured, waived or otherwise no longer continuing; or (3) because such Designated Senior Debt has been discharged or repaid in full in cash. Notwithstanding the provisions described in the immediately preceding two sentences
(but subject to the provisions contained in the first sentence of this Section), unless the holders of such Designated Senior Debt or the Representative of such Designated Senior Debt have accelerated the maturity of such Designated Senior Debt, the
Company shall be entitled to resume payments on the Notes after termination of such Payment Blockage Period. The Notes shall not be subject to more than one Payment Blockage Period in any consecutive 360-day
period, 

  
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irrespective of the number of defaults with respect to Designated Senior Debt of the Company during such period; provided, however, that if any Blockage Notice within such 360-day period is given by or on behalf of any holders of Designated Senior Debt of the Company (other than the Bank Indebtedness), the Representative of the Bank Indebtedness shall be entitled to give another
Blockage Notice within such period; provided further, however, that in no event shall the total number of days during which any Payment Blockage Period or Periods is in effect exceed 179 days in the aggregate during any 360-day consecutive period, and there must be 181 days during any 360-day consecutive period during which no Payment Blockage Period is in effect. For purposes of this
Section, no default or event of default which existed or was continuing on the date of the commencement of any Payment Blockage Period with respect to the Designated Senior Debt of the Company initiating such Payment Blockage Period shall be, or be
made, the basis of the commencement of a subsequent Payment Blockage Period by the Representative of such Designated Senior Debt, whether or not within a period of 360 consecutive days, unless such default or event of default shall have been
cured or waived for a period of not less than 90 consecutive days. 
 SECTION 10.04. Acceleration of Payment of
Notes. 
 If payment of the Notes is accelerated because of an Event of Default, the Company shall promptly notify the
holders of the Designated Senior Debt of the Company (or their Representatives) of the acceleration. 
 SECTION 10.05.
When Distribution Must Be Paid Over. 
 If a distribution is made to Holders that, because of this Article 10,
should not have been made to them, the Holders who receive the distribution shall hold it in trust for holders of Senior Debt of the Company and pay it over to them as their interests may appear. If any Designated Senior Debt of the Company is
outstanding, the Company shall not pay the Notes until five Business Days after the Representatives of all the issues of Designated Senior Debt of the Company receive notice of such acceleration and, thereafter, shall be entitled to pay the Notes
only if this Article 10 otherwise permits payment at that time. 
 SECTION 10.06. Subrogation. 

After all Senior Debt of the Company is paid in full, and until the Notes are paid in full, Holders shall be subrogated to the
rights of holders of such Senior Debt to receive distributions applicable to such Senior Debt. A distribution made under this Article 10 to holders of such Senior Debt which otherwise would have been made to Holders is not, as between the
Company and Holders, a payment by the Company on such Senior Debt. 
 SECTION 10.07. Relative Rights. 

This Article 10 defines the relative rights of Holders and holders of Senior Debt of the Company. Nothing in this
Indenture shall: 
 (1) impair, as between the Company and Holders, the obligation of the Company, which is
absolute and unconditional, to pay principal of and interest on the Notes in accordance with their terms; or 

  
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 (2) prevent the Trustee or any Holder from exercising its
available remedies upon a Default, subject to the rights of holders of Senior Debt of the Company to receive distributions otherwise payable to Holders. 

SECTION 10.08. Subordination May Not Be Impaired by the Company. 

No right of any holder of Senior Debt of the Company to enforce the subordination of the Indebtedness evidenced by the Notes
shall be impaired by any act or failure to act by the Company or by its failure to comply with this Indenture. 
 SECTION
10.09. Rights of Trustee and Paying Agent. 
 Notwithstanding anything in this Article 10, the Trustee or Paying
Agent shall continue to make payments on the Notes and shall not be charged with knowledge of the existence of facts that under this Article 10 would prohibit the making of any payments to or by the Trustee unless and until, not less than two
Business Days prior to the date of such payment, a Responsible Officer of the Trustee receives written notice satisfactory to it that such payments are prohibited by this Article 10. The Company, a Representative or a holder of Senior Debt of
the Company shall be entitled to give the notice; provided, however, that, if an issue of Senior Debt of the Company has a Representative, only the Representative shall be entitled to give the notice. Prior to the receipt of any such
written notice, the Trustee shall be entitled in all respects conclusively to presume that no such fact exists. Unless the Trustee shall have received the notice provided for in the preceding sentence, the Trustee shall have full power and authority
to receive such payment and to apply the same to the purpose for which it was received and shall not be affected by any notice to the contrary which may be received by it on or after such date. The foregoing shall not apply to any Affiliate of the
Company acting as Paying Agent. 
 The Trustee in its individual or any other capacity shall be entitled to hold Senior Debt
of the Company with the same rights it would have if it were not Trustee. The Registrar and the Paying Agent shall be entitled to do the same with like rights. The Trustee shall be entitled to all the rights set forth in this Article 10 with
respect to any Senior Debt of the Company which may at any time be held by it, to the same extent as any other holder of such Senior Debt; and nothing in Article 7 shall deprive the Trustee of any of its rights as such holder. Notwithstanding
anything in this Article 10 to the contrary, all amounts owed to the Trustee (including amounts owed pursuant to Section 7.07 hereof) in each of its capacities hereunder shall not be subordinated to any Senior Debt of the Company or
otherwise. 
 SECTION 10.10. Distribution or Notice to Representative. 

Whenever any Person is to make a distribution or give a notice to holders of Senior Debt of the Company, such Person shall be
entitled to make such distribution or give such notice to their Representative (if any). 
 SECTION 10.11. Not to Prevent
Events of Default or Limit Right to Accelerate. 
 The failure to make a payment pursuant to the Notes by reason of any
provision in this Article 10 shall not be construed as preventing the occurrence of a Default. Nothing in this 

  
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Article 10 shall have any effect on the right of the Holders or the Trustee to accelerate the maturity of the Notes. 

SECTION 10.12. Trust Moneys Not Subordinated. 

Notwithstanding anything contained herein to the contrary, payments from money or the proceeds of Government Securities held
in trust under Article 8 hereof by the Trustee for the payment of principal of and interest on the Notes shall not be subordinated to the prior payment of any Senior Debt of the Company or subject to the restrictions set forth in this
Article 10 if the provisions of this Article 10 were not violated at the time funds were deposited in trust with the Trustee pursuant to Article 8 hereof, and none of the Holders shall be obligated to pay over any such amount to the
Company or any holder of Senior Debt of the Company or any other creditor of the Company. 
 SECTION 10.13. Trustee
Entitled to Rely. 
 Upon any payment or distribution pursuant to this Article 10, the Trustee, subject to
Section 7.01, and the Holders shall be entitled to rely (1) upon any order or decree of a court of competent jurisdiction in which any proceedings of the nature referred to in Section 10.02 hereof are pending, (2) upon a
certificate of the liquidating trustee or agent or other Person making such payment or distribution to the Trustee or to the Holders or (3) upon the Representatives of Senior Debt of the Company for the purpose of ascertaining the Persons
entitled to participate in such payment or distribution, the holders of such Senior Debt and other Indebtedness of the Company, the amount thereof or payable thereon, the amount or amounts paid or distributed thereon and all other facts pertinent
thereto or to this Article 10. In the event that the Trustee determines, in good faith, that evidence is required with respect to the right of any Person as a holder of Senior Debt of the Company to participate in any payment or distribution
pursuant to this Article 10, the Trustee shall be entitled to request such Person to furnish evidence to the reasonable satisfaction of the Trustee as to the amount of such Senior Debt held by such Person, the extent to which such Person is
entitled to participate in such payment or distribution and other facts pertinent to the rights of such Person under this Article 10, and, if such evidence is not furnished, the Trustee shall be entitled to defer any payment to such Person
pending judicial determination as to the right of such Person to receive such payment. The provisions of Sections 7.01 and 7.02 hereof shall be applicable to all actions or omissions of actions by the Trustee pursuant to this Article 10. 

SECTION 10.14. Trustee to Effectuate Subordination. 

Each Holder by accepting a Note authorizes and directs the Trustee on its behalf to execute such documentation and to take
such action as may be necessary or appropriate to acknowledge or effectuate the subordination between the Holders and the holders of Senior Debt of the Company as provided in this Article 10 and appoints the Trustee as attorney-in-fact for any and all such purposes. 

SECTION 10.15. Trustee Not Fiduciary for Holders of Senior Debt of the Company. 

The Trustee shall not be deemed to owe any fiduciary duty to the holders of Senior Debt of the Company and shall not be liable
to any such holders if it shall mistakenly pay over or 

  
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distribute to Holders or the Company or any other Person, money or assets to which any holders of Senior Debt of the Company shall be entitled by virtue of this Article 10 or otherwise. With
respect to the holders of Senior Debt, the Trustee undertakes to perform or to observe only such of its covenants or obligations as are specifically set forth in this Article and no implied covenants or obligations with respect to holders of Senior
Debt shall be read into this Indenture against the Trustee. 
 SECTION 10.16. Reliance by Holders of Senior Debt of the
Company on Subordination Provisions. 
 Each Holder, by accepting a Note, acknowledges and agrees that the foregoing
subordination provisions are, and are intended to be, an inducement and a consideration to each holder of any Senior Debt of the Company, whether such Senior Debt was created or acquired before or after the issuance of the Notes, to acquire and
continue to hold, or to continue to hold, such Senior Debt, and such holder of such Senior Debt shall be deemed conclusively to have relied on such subordination provisions in acquiring and continuing to hold, or in continuing to hold, such Senior
Debt. 
 ARTICLE XI 

GUARANTEES 

SECTION 11.01. Guarantees. 

Holdings and each Guarantor hereby unconditionally and irrevocably guarantees, jointly and severally, to each Holder and to
the Trustee and its successors and assigns (a) the full and punctual payment of principal of, and interest on, the Notes when due, whether at maturity, by acceleration, by redemption or otherwise, and all other monetary obligations of the
Company under this Indenture and the Notes and (b) the full and punctual performance within applicable grace periods of all other obligations of the Company under this Indenture and the Notes (all the foregoing being hereinafter collectively
called the “Guaranteed Obligations”). Holdings and each Guarantor further agree that the Guaranteed Obligations may be extended or renewed, in whole or in part, without notice or further assent from Holdings or such Guarantor and
that Holdings and such Guarantor will remain bound under this Article 11 notwithstanding any extension or renewal of any Guaranteed Obligation. 

Holdings and each Guarantor waives presentation to, demand of, payment from and protest to the Company of any of the
Guaranteed Obligations and also waives notice of protest for nonpayment. Holdings and each Guarantor waive notice of any default under the Notes or the Guaranteed Obligations. The obligations of Holdings and each Guarantor hereunder shall not be
affected by (a) the failure of any Holder or the Trustee to assert any claim or demand or to enforce any right or remedy against the Company or any other Person under this Indenture, the Notes or any other agreement or otherwise; (b) any
extension or renewal of any thereof; (c) any rescission, waiver, amendment or modification of any of the terms or provisions of this Indenture, the Notes or any other agreement; (d) the release of any security held by any Holder or the
Trustee for the Guaranteed Obligations or any of them; (e) the failure of any Holder or the Trustee to exercise any 

  
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right or remedy against any other guarantor of the Obligations; or (f) except as set forth in Section 11.07, any change in the ownership of Holdings or such Guarantor. 

Holdings and each Guarantor further agrees that its Guarantee herein constitutes a guarantee of payment, performance and
compliance when due (and not a guarantee of collection) and waives any right to require that any resort be had by any Holder or the Trustee to any security held for payment of the Guaranteed Obligations. 

Each Guarantee is, to the extent and in the manner set forth in Article 12 hereof, subordinated and subject in right of
payment to the prior payment in full of the principal of and premium, if any, and interest on all Senior Debt of Holdings or such Guarantor, as the case may be, and each Guarantee is made subject to such provisions of this Indenture. 

Except as expressly set forth in Sections 11.02 and 11.07 hereof, the obligations of Holdings and each Guarantor
hereunder shall not be subject to any reduction, limitation, impairment or termination for any reason, including any claim of waiver, release, surrender, alteration or compromise, and shall not be subject to any defense of setoff, counterclaim,
recoupment or termination whatsoever or by reason of the invalidity, illegality or unenforceability of the Guaranteed Obligations or otherwise. Without limiting the generality of the foregoing, the obligations of Holdings and each Guarantor herein
shall not be discharged or impaired or otherwise affected by the failure of any Holder or the Trustee to assert any claim or demand or to enforce any remedy under this Indenture, the Notes or any other agreement, by any waiver or modification of any
thereof, by any default, failure or delay, willful or otherwise, in the performance of the obligations or by any other act or thing or omission or delay to do any other act or thing which may or might in any manner, or to any extent, vary the risk
of such Holdings or such Guarantor or would otherwise operate as a discharge of Holdings or such Guarantor as a matter of law or equity. 

Holdings and each Guarantor further agrees that its Guarantee herein shall continue to be effective or be reinstated, as the
case may be, if, at any time, payment, or any part thereof, of principal of or interest on any Guaranteed Obligation is rescinded or must otherwise be restored by any Holder or the Trustee upon the bankruptcy or reorganization of the Company or
otherwise. 
 In furtherance of the foregoing, and not in limitation of any other right which any Holder or the Trustee has
at law or in equity against Holdings or any Guarantor by virtue hereof, upon the failure of the Company to pay the principal of or interest on any Guaranteed Obligation when and as the same shall become due, whether at maturity, by acceleration, by
redemption or otherwise, or to perform or comply with any other Guaranteed Obligation, Holdings and each Guarantor hereby promises to and shall, upon receipt of written demand by the Trustee, forthwith pay, or cause to be paid, in cash, to the
Holders or the Trustee an amount equal to the sum of (1) the unpaid amount of such Guaranteed Obligations, (2) accrued and unpaid interest on such Guaranteed Obligations (but only to the extent not prohibited by law) and (3) all other
monetary Guaranteed Obligations of the Company to the Holders and the Trustee. 
 Holdings and each Guarantor agrees that it
shall not be entitled to any right of subrogation in respect of any Guaranteed Obligations until payment in full of all Guaranteed Obligations and all obligations to which the Guaranteed Obligations are subordinated as provided in Article 12.
Holdings and each Guarantor further agrees that, as between it, on the one hand, 

  
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and the Holders and the Trustee, on the other hand, (x) the maturity of the Guaranteed Obligations may be accelerated as provided in Article 6 for the purposes of Holdings’ or such
Guarantor’s Guarantee herein, notwithstanding any stay, injunction or other prohibition preventing such acceleration in respect of the Guaranteed Obligations, and (y) in the event of any declaration of acceleration of such Guaranteed
Obligations as provided in Article 6, such Guaranteed Obligations (whether or not due and payable) shall forthwith become due and payable by Holdings or such Guarantor for the purposes of this Section. 

Holdings and each Guarantor also agrees to pay any and all costs and expenses (including reasonable attorneys’ fees and
expenses) incurred by the Trustee or any Holder in enforcing any rights under this Section. 
 SECTION 11.02. Limitation
on Liability. 
 Any term or provision of this Indenture to the contrary notwithstanding, the maximum aggregate amount
of the Obligations guaranteed hereunder by Holdings or any Guarantor shall not exceed the maximum amount that can be hereby guaranteed without rendering this Indenture, as it relates to Holdings or such Guarantor, as the case may be, voidable under
applicable law relating to fraudulent conveyance or fraudulent transfer or similar laws affecting the rights of creditors generally. 

SECTION 11.03. Successors and Assigns. 

This Article 11 shall be binding upon Holdings and each Guarantor and its successors and assigns and shall inure to the
benefit of the successors and assigns of the Trustee and the Holders, and, in the event of any transfer or assignment of rights by any Holder or the Trustee, the rights and privileges conferred upon that party in this Indenture and in the Notes
shall automatically extend to, and be vested in, such transferee or assignee, all subject to the terms and conditions of this Indenture. 

SECTION 11.04. No Waiver. 

Neither a failure nor a delay on the part of either the Trustee or the Holders in exercising any right, power or privilege
under this Article 11 shall operate as a waiver thereof, nor shall a single or partial exercise thereof preclude any other or further exercise of any right, power or privilege. The rights, remedies and benefits of the Trustee and the Holders
herein expressly specified are cumulative and not exclusive of any other rights, remedies or benefits which either may have under this Article 11 at law, in equity, by statute or otherwise. 

SECTION 11.05. Modification. 

No modification, amendment or waiver of any provision of this Article 11, nor the consent to any departure by Holdings or
any Guarantor therefrom, shall in any event be effective unless the same shall be in writing and signed by the Trustee and then such waiver or consent shall be effective only in the specific instance and for the purpose for which given. No notice
to, or demand on, Holdings or any Guarantor in any case shall entitle Holdings or such Guarantor, as the case may be, to any other or further notice or demand in the same, similar or other circumstances. 

  
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 SECTION 11.06. [Intentionally Omitted]. 

SECTION 11.07. Release of Guarantor. 

Upon the sale (including any sale pursuant to any exercise of remedies by a holder of Senior Debt of the Company or of any
Guarantor) or other disposition (including by way of consolidation or merger) of a Guarantor or the sale or disposition of all or substantially all the assets of such Guarantor (in each case, other than a sale or disposition to the Company or an
Affiliate of the Company), or upon designation of a Guarantor as an Unrestricted Subsidiary pursuant to the terms of this Indenture, such Guarantor shall be deemed released from all obligations under this Article 11 without any further action
required on the part of the Trustee or any Holder. If the Guarantor becomes an Immaterial Domestic Restricted Subsidiary or ceases to be a Subsidiary or would otherwise not be required to be joined as a Guarantor pursuant to this Indenture if
acquired as of such date or if the Company exercises its Legal Defeasance option or its Covenant Defeasance option in accordance with the provisions of Article 8 hereof, or if its obligations under this Indenture are discharged in accordance
with Section 8.06 hereof, Holdings and each Guarantor shall be released from all obligations under this Article 11 without any further action required on the part of the Trustee or any Holder. At the request of the Company, and upon
receipt by the Trustee of the documents required by Section 13.04 hereof, the Trustee shall execute and deliver an appropriate instrument evidencing the release of a Guarantor pursuant to this Section 11.07. 

SECTION 11.08. Contribution. 

Holdings and each Guarantor that makes a payment under its Guarantee shall be entitled, upon payment in full of all Guaranteed
Obligations, to contribution from Holdings and each Guarantor, as applicable, in an amount equal to Holdings’ or such Guarantor’s pro rata portion of such payment based on the respective net assets of Holdings and all the Guarantors
at the time of such payment determined in accordance with GAAP (for purposes hereof, Holdings’ net assets shall be those of all its Consolidated Subsidiaries other than the Guarantors). 

ARTICLE XII 
 SUBORDINATION OF
GUARANTEES 
 SECTION 12.01. Agreement to Subordinate. 

Holdings and each Guarantor agrees, and each Holder by accepting a Note agrees, that the Indebtedness evidenced by
Holdings’ or such Guarantor’s Guarantee (as the case may be) is subordinated in right of payment, to the extent and in the manner provided in this Article 12, to the prior payment of all Senior Debt of Holdings or such Guarantor (as
applicable) and that the subordination is for the benefit of, and enforceable by, the holders of such Senior Debt. The Guaranteed Obligations of Holdings or a Guarantor (as applicable) shall in all respects rank pari passu with all other
Senior Subordinated Debt of Holdings, the Company or such Guarantor, and only Senior Debt of Holdings or such Guarantor (including Holdings’ or such Guarantor’s Guarantee of Senior Debt of the Company) shall rank senior to the Guaranteed
Obligations of Holdings or such Guarantor (as the case may be) in accordance with the provisions set forth herein. 

  
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 SECTION 12.02. Liquidation, Dissolution, Bankruptcy. 

Upon any payment or distribution of the assets of Holdings or any Guarantor to creditors upon a total or partial liquidation
or a total or partial dissolution of Holdings or such Guarantor (as the case may be) or in a bankruptcy, reorganization, insolvency, receivership or similar proceeding relating to Holdings or such Guarantor (as the case may be) or its property: 

(1) holders of Senior Debt of Holdings or such Guarantor (as the case may be) shall be entitled to receive
payment in full in cash of such Senior Debt before Holders shall be entitled to receive any payment pursuant to the Guarantee of Holdings or such Guarantor (as the case may be); and 

(2) until the Senior Debt of Holdings or any Guarantor is paid in full in cash, any payment or distribution to
which Holders would be entitled but for this Article 12 shall be made to holders of such Senior Debt as their interests may appear, except that Holders may receive shares of stock and any debt securities of Holdings or such Guarantor (as the
case may be) that are subordinated to such Senior Debt to at least the same extent as its Guarantee. 
 SECTION 12.03.
Default on Senior Debt of Guarantor. 
 Neither Holdings nor any Guarantor shall make any payment on its Guarantee or
purchase, redeem or otherwise retire or defease any Notes or other Guaranteed Obligations (collectively, “pay its Guarantee”) if either of the following (a “Payment Default”) occurs (1) any Designated Senior
Debt of Holdings or such Guarantor (as the case may be) is not paid in full in cash when due; or (2) any other default on Designated Senior Debt of Holdings or such Guarantor (as the case may be) occurs, and the maturity of such Designated
Senior Debt is accelerated in accordance with its terms; unless, in either case, the Payment Default has been cured or waived and any such acceleration has been rescinded or such Designated Senior Debt has been paid in full in cash; provided,
however, that Holdings or any Guarantor shall be entitled to pay its Guarantee without regard to the foregoing if Holdings or such Guarantor (as the case may be) and the Trustee receive written notice approving such payment from the
Representative of any Designated Senior Debt with respect to which the Payment Default has occurred and is continuing. During the continuance of any default (other than a Payment Default) with respect to any Designated Senior Debt of Holdings or
such Guarantor (as the case may be) pursuant to which the maturity thereof may be accelerated immediately without further notice (except such notice as may be required to effect such acceleration) or the expiration of any applicable grace periods,
Holdings or such Guarantor (as the case may be) shall not pay its Guarantee for a period (a “Payment Blockage Period”) commencing upon the receipt by the Trustee of (with a copy to Holdings or such Guarantor (as the case may be))
written notice (a “Blockage Notice”) of such default from the Representative of such Designated Senior Debt specifying an election to effect a Payment Blockage Period and ending 179 days thereafter. The Payment Blockage Period
shall end earlier if such Payment Blockage Period is terminated (1) by written notice to the Trustee and Holdings or such Guarantor (as the case may be) from the Person or Persons who gave such Blockage Notice; (2) because the default
giving rise to such Blockage Notice is cured, waived or otherwise no longer continuing; or (3) because such Designated Senior Debt has been discharged or repaid in full in cash. Notwithstanding the provisions described in the immediately
preceding two 

  
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sentences (but subject to the provisions contained in the first sentence of this Section), unless the holders of such Designated Senior Debt giving such Payment Notice or the Representative of
such Designated Senior Debt shall have accelerated the maturity of such Designated Senior Debt, Holdings or any Guarantor shall be entitled to resume payments pursuant to its Guarantee after termination of such Payment Blockage Period. Neither
Holdings nor any Guarantor shall be subject to more than one Blockage Period in any consecutive 360-day period, irrespective of the number of defaults with respect to Designated Senior Debt of Holdings or such
Guarantor (as the case may be) during such period; provided, however, that if any Blockage Notice within such 360-day period is given by, or on behalf, of any holders of Designated Senior Debt of
Holdings, the Company or such Guarantor (as the case may be) (other than the Bank Indebtedness), the Representative of the Bank Indebtedness shall be entitled to give another Blockage Notice within such period; provided further,
however, that in no event shall the total number of days during which any Payment Blockage Period or Periods is in effect exceed 179 days in the aggregate during any 360-day consecutive period, and
there must be 181 days during any 360-day consecutive period during which no Payment Blockage Period is in effect. For purposes of this Section, no default or event of default which existed or was continuing
on the date of the commencement of any Payment Blockage Period with respect to the Designated Senior Debt of Holdings or such Guarantor (as the case may be) initiating such Payment Blockage Period shall be, or be made, the basis of the commencement
of a subsequent Payment Blockage Period by the Representative of such Designated Senior Debt, whether or not within a period of 360 consecutive days, unless such default or event of default shall have been cured or waived for a period of not
less than 90 consecutive days. 
 SECTION 12.04. Demand for Payment. 

If a demand for payment is made on Holdings or a Guarantor pursuant to Article 11 hereof, the Trustee shall promptly
notify the holders of the Designated Senior Debt of Holdings or such Guarantor (as the case may be) (or their Representatives) of such demand. 

SECTION 12.05. When Distribution Must Be Paid Over. 

If a distribution is made to Holders that, because of this Article 12, should not have been made to them, the Holders who
receive the distribution shall hold it in trust for holders of Senior Debt of Holdings or the applicable Guarantor (as the case may be) and pay it over to them or their Representatives as their interests may appear. If any Designated Senior Debt of
Holdings or a Guarantor is outstanding, Holdings or such Guarantor (as the case may be) shall not make a payment on its Guarantee until five Business Days after the Representatives of all the issuers of Designated Senior Debt of Holdings or such
Guarantor (as the case may be) receive notice of such acceleration and, thereafter, shall be entitled to pay the Notes only if this Article 12 otherwise permits payment at that time. 

SECTION 12.06. Subrogation. 

After all Senior Debt of Holdings or a Guarantor is paid in full, and until the Notes are paid in full, Holders shall be
subrogated to the rights of holders of such Senior Debt to receive distributions applicable to Senior Debt of Holdings or such Guarantor (as the case may be). A distribution made under this Article 12 to holders of such Senior Debt which
otherwise would have 

  
 91 

 
been made to Holders is not, as between Holdings or the relevant Guarantor and Holders, a payment by Holdings or such Guarantor on such Senior Debt. 

SECTION 12.07. Relative Rights. 

This Article 12 defines the relative rights of Holders and holders of Senior Debt of Holdings or a Guarantor. Nothing in
this Indenture shall: 
 (1) impair, as between Holdings or a Guarantor and Holders (as the case may be), the
obligation of Holdings or such Guarantor (as the case may be), which is absolute and unconditional, to pay its Guarantee to the extent set forth in Article 11; or 

(2) prevent the Trustee or any Holder from exercising its available remedies upon a default by Holdings or such
Guarantor (as the case may be) under its Guarantee, subject to the rights of holders of Senior Debt of Holdings or such Guarantor to receive distributions otherwise payable to Holders. 

SECTION 12.08. Subordination May Not Be Impaired by the Company. 

No right of any holder of Senior Debt of Holdings or any Guarantor to enforce the subordination of the Guarantee of Holdings
or such Guarantor (as the case may be) shall be impaired by any act or failure to act by Holdings or such Guarantor (as the case may be) or by its failure to comply with this Indenture. 

SECTION 12.09. Rights of Trustee and Paying Agent. 

Notwithstanding anything in this Article 12, the Trustee or Paying Agent shall continue to make payments on any
Guarantee, and shall not be charged with knowledge of the existence of facts that would prohibit the making of any payments to or by the Trustee, unless and until, not less than two Business Days prior to the date of such payment, a Responsible
Officer of the Trustee receives written notice satisfactory to it that such payments are prohibited by this Article 12. The Company, Holdings or the relevant Guarantor, a Representative or a holder of Senior Debt of Holdings or such Guarantor
(as the case may be) shall be entitled to give the notice; provided, however, that, if an issue of Senior Debt of Holdings or any Guarantor (as the case may be) has a Representative, only the Representative shall be entitled to give
the notice. Prior to the receipt of any such written notice, the Trustee shall be entitled in all respects conclusively to presume that no such fact exists. Unless the Trustee shall have received the notice provided for in the preceding sentence,
the Trustee shall have full power and authority to receive such payment and to apply the same to the purpose for which it was received and shall not be affected by any notice to the contrary which may be received by it on or after such date. The
foregoing shall not apply to any Affiliate of the Company acting as Paying Agent. 
 The Trustee, in its individual or any
other capacity, shall be entitled to hold Senior Debt of Holdings or any Guarantor with the same rights it would have if it were not the Trustee. The Registrar and the Paying Agent may do the same with like rights. The Trustee shall be entitled to
all the rights set forth in this Article 12 with respect to any Senior Debt of Holdings or any Guarantor which may at any time be held by it, to the same extent as any other holder of such Senior Debt; and nothing in Article 7 shall
deprive the Trustee of any of its rights as such holder. 

  
 92 

 
Notwithstanding anything in this Article 12 to the contrary, all amounts owed to the Trustee (including amounts owed pursuant to Section 7.07 hereof) in each of its capacities hereunder
shall not be subordinated to any Senior Debt of Holdings or a Guarantor or otherwise. 
 SECTION 12.10. Distribution or
Notice to Representative. 
 Whenever any Person is to make a distribution or give a notice to holders of Senior Debt of
Holdings or any Guarantor, such Person shall be entitled to make such distribution or give such notice to their Representative (if any). 

SECTION 12.11. Article 12 Not to Prevent Events of Default or Limit Right to Demand Payment. 

The failure to make a payment pursuant to a Guarantee by reason of any provision in this Article 12 shall not be
construed as preventing the occurrence of a Default. Nothing in this Article 12 shall have any effect on the right of the Holders or the Trustee to make a demand for payment on Holdings or any Guarantor pursuant to its Guarantee. 

SECTION 12.12. Trustee Entitled to Rely. 

Upon any payment or distribution pursuant to this Article 12, the Trustee and the Holders shall be entitled to rely
(1) upon any order or decree of a court of competent jurisdiction in which any proceedings of the nature referred to in Section 12.02 are pending, (2) upon a certificate of the liquidating trustee or agent or other Person making such
payment or distribution to the Trustee or to the Holders or (3) upon the Representatives for the holders of Senior Debt of Holdings or any Guarantor for the purpose of ascertaining the Persons entitled to participate in such payment or
distribution, the holders of such Senior Debt and other indebtedness of Holdings or such Guarantor (as the case may be), the amount thereof or payable thereon, the amount or amounts paid or distributed thereon and all other facts pertinent thereto
or to this Article 12. In the event that the Trustee determines, in good faith, that evidence is required with respect to the right of any Person as a holder of Senior Debt of Holdings or any Guarantor to participate in any payment or
distribution pursuant to this Article 12, the Trustee shall be entitled to request such Person to furnish evidence to the reasonable satisfaction of the Trustee as to the amount of Senior Debt of Holdings or such Guarantor (as the case may be)
held by such Person, the extent to which such Person is entitled to participate in such payment or distribution and other facts pertinent to the rights of such Person under this Article 12, and, if such evidence is not furnished, the Trustee
shall be entitled to defer any payment to such Person pending judicial determination as to the right of such Person to receive such payment. The provisions of Sections 7.01 and 7.02 shall be applicable to all actions or omissions of actions by the
Trustee pursuant to this Article 12. 
 SECTION 12.13. Trustee to Effectuate Subordination. 

Each Holder, by accepting a Note, authorizes and directs the Trustee on its behalf to execute such documentation and to take
such action as may be necessary or appropriate to acknowledge or effectuate the subordination between the Holders and the holders of Senior Debt of Holdings or any Guarantor as provided in this Article 12 and appoints the Trustee as attorney-in-fact for any and all such purposes. 

  
 93 

 SECTION 12.14. Trustee Not Fiduciary for Holders of Senior Debt of
Guarantor. 
 The Trustee shall not be deemed to owe any fiduciary duty to the holders of Senior Debt of Holdings or any
Guarantor and shall not be liable to any such holders if it shall mistakenly pay over or distribute to Holders or the Company or any other Person, money or assets to which any holders of such Senior Debt shall be entitled by virtue of this
Article 12 or otherwise. With respect to the holders of Senior Debt of Holdings or any Guarantor, the Trustee undertakes to perform or to observe only such of its covenants or obligations as are specifically set forth in this Article and no
implied covenants or obligations with respect to holders of Senior Debt of Holdings or any Guarantor shall be read into this Indenture against the Trustee. 

SECTION 12.15. Reliance by Holders of Senior Debt of Holdings or Guarantors on Subordination Provisions. 

Each Holder, by accepting a Note, acknowledges and agrees that the foregoing subordination provisions are, and are intended to
be, an inducement and a consideration to each holder of any Senior Debt of Holdings or any Guarantor, whether such Senior Debt was created or acquired before or after the issuance of the Notes, to acquire and continue to hold, or to continue to
hold, such Senior Debt, and such holder of Senior Debt shall be deemed conclusively to have relied on such subordination provisions in acquiring and continuing to hold, or in continuing to hold, such Senior Debt. 

ARTICLE XIII 
 MISCELLANEOUS

 SECTION 13.01. Trust Indenture Act Controls. 

If any provision of this Indenture limits, qualifies or conflicts with the duties imposed by TIA § 318(c), the imposed
duties shall control. 
 SECTION 13.02. Notices. 

Any notice or communication by the Company, Holdings, any Guarantor or the Trustee to the others is duly given if in writing
and delivered in Person or mailed by first class mail (registered or certified, return receipt requested), telex, telecopier or overnight air courier guaranteeing next day delivery, to the others’ address: 

If to the Company, Holdings and/or any Guarantor: 

TransDigm Inc. 

1301 East 9th Street, Suite 3000 

Cleveland, Ohio 44114 

Facsimile No.: (216) 706-2837 

Attention: Chief Financial Officer 

  
 94 

 Jones Day 

901 Lakeside Avenue 

Cleveland, Ohio 44114 

Facsimile No.: (216) 579-0212 

Attention: Michael J. Solecki, Esq. 

If to the Trustee: 

The Bank of New York Mellon Trust Company, N.A. 

2 N. LaSalle Street, Suite 700 

Chicago, IL 60602 

Facsimile No.: 312-827-8542

 Attention: Corporate Trust Administration 

The Company, Holdings, any Guarantor or the Trustee, by notice to the others, may designate additional or different addresses
for subsequent notices or communications. 
 All notices and communications (other than those sent to Holders or the
Trustee) shall be deemed to have been duly given: at the time delivered by hand, if personally delivered; five Business Days after being deposited in the mail, postage prepaid, if mailed; when receipt acknowledged, if telecopied; and the next
Business Day after timely delivery to the courier, if sent by overnight air courier guaranteeing next day delivery. All notices and communications sent to the Trustee shall be deemed to have been duly given when actually received. 

Any notice or communication to a Holder shall be mailed by first class mail, certified or registered, return receipt
requested, or by overnight air courier guaranteeing next day delivery to its address shown on the register kept by the Registrar. Any notice or communication shall also be so mailed to any Person described in TIA § 313(c), to the
extent required by the TIA. Failure to mail a notice or communication to a Holder, or any defect in it, shall not affect its sufficiency with respect to other Holders. 

The Trustee agrees to accept and act upon instructions or directions pursuant to this Indenture sent by unsecured e-mail, facsimile transmission or other similar unsecured electronic methods; provided, however, that (a) the party providing such written instructions, subsequent to such transmission of written
instructions, shall provide the originally executed instructions or directions to the Trustee in a timely manner and (b) such originally executed instructions or directions shall be signed by an authorized representative of the party providing
such instructions or directions. If the party elects to give the Trustee e-mail or facsimile instructions (or instructions by a similar electronic method), and the Trustee, in its discretion, elects to act
upon such instructions, the Trustee’s understanding of such instructions shall be deemed controlling. The Trustee shall not be liable for any losses, costs or expenses arising directly or indirectly from the Trustee’s reliance upon, and
compliance with, such instructions notwithstanding if such instructions conflict or are inconsistent with a subsequent written instruction. The party providing electronic instructions agrees to assume all risks arising out of the use of such
electronic methods to submit instructions and directions to the Trustee, including the risk of the Trustee acting on unauthorized instructions and the risk of interception and misuse by third parties. 

  
 95 

 If a notice or communication is mailed in the manner provided above within
the time prescribed, it is duly given, whether or not the addressee receives it. 
 If the Company mails a notice or
communication to Holders, it shall mail a copy to the Trustee, each Paying Agent and the Registrar at the same time. 

SECTION 13.03. Communication by Holders of Notes with Other Holders of Notes. 

Holders may communicate pursuant to TIA § 312(b) with other Holders with respect to their rights under this
Indenture or the Notes. The Company, the Trustee, the Registrar and anyone else shall have the protection of TIA § 312(c). 

SECTION 13.04. Certificate and Opinion as to Conditions Precedent. 

Upon any request or application by the Company to the Trustee to take any action under this Indenture, the Company shall
furnish to the Trustee: 
 (a) an Officers’ Certificate (which shall include the statements set forth in
Section 13.05 hereof) stating that, in the opinion of the signers, all conditions precedent and covenants, if any, provided for in this Indenture relating to the proposed action have been complied with; and 

(b) an Opinion of Counsel (which shall include the statements set forth in Section 13.05 hereof) stating
that, in the opinion of such counsel, all such conditions precedent and covenants have been complied with. 
 SECTION 13.05.
Statements Required in Certificate or Opinion. 
 Each certificate or opinion with respect to compliance with a
condition or covenant provided for in this Indenture (other than a certificate provided pursuant to TIA § 314(a)(4)) shall comply with the provisions of TIA § 314(e) and shall include: 

(a) a statement that the Person making such certificate or opinion has read such covenant or condition; 

(b) a brief statement as to the nature and scope of the examination or investigation upon which the statements
or opinions contained in such certificate or opinion are based; 
 (c) a statement that, in the opinion of
such Person, he or she has, or they have made, such examination or investigation as is necessary to enable him or her to express an informed opinion as to whether or not such covenant or condition has been satisfied; and 

(d) a statement as to whether or not, in the opinion of such Person, such condition or covenant has been
satisfied. 

  
 96 

 SECTION 13.06. Rules by Trustee and Agents. 

The Trustee may make reasonable rules for action by or at a meeting of Holders. The Registrar or Paying Agent may make
reasonable rules and set reasonable requirements for its functions. 
 SECTION 13.07. No Personal Liability of
Directors, Officers, Employees and Stockholders. 
 No past, present or future director, officer, employee, incorporator
or stockholder of Holdings, the Company or any Subsidiary of the Company (other than Holdings, the Company or any Subsidiary of the Company that is a Guarantor), as such, shall have any liability for any obligations of Holdings, the Company or any
Subsidiary of the Company under the Notes, the Guarantees, this Indenture or for any claim based on, in respect of, or by reason of, such obligations or their creation. Each Holder, by accepting a Note, waives and releases all such liability. The
waiver and release are part of the consideration for issuance of the Notes. 
 SECTION 13.08. Governing Law. 

THE INTERNAL LAW OF THE STATE OF NEW YORK SHALL GOVERN AND BE USED TO CONSTRUE THIS INDENTURE, THE NOTES AND THE GUARANTEES
WITHOUT GIVING EFFECT TO APPLICABLE PRINCIPLES OF CONFLICTS OF LAW TO THE EXTENT THAT THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION WOULD BE REQUIRED THEREBY. 

SECTION 13.09. No Adverse Interpretation of Other Agreements. 

This Indenture may not be used to interpret any other indenture, loan or debt agreement of the Company, its Subsidiaries,
Holdings or of any other Person. Any such indenture, loan or debt agreement may not be used to interpret this Indenture. 

SECTION 13.10. Successors. 

All agreements of the Company, Holdings and the Guarantors in this Indenture and the Notes shall bind their respective
successors. All agreements of the Trustee in this Indenture shall bind its successors. 
 SECTION 13.11.
Severability. 
 In case any provision in this Indenture or in the Notes shall be invalid, illegal or unenforceable,
the validity, legality and enforceability of the remaining provisions shall not in any way be affected or impaired thereby. 

SECTION 13.12. Counterpart Originals. 

The parties may sign any number of copies of this Indenture. Each signed copy shall be an original, but all of them together
represent the same agreement. 

  
 97 

 SECTION 13.13. Table of Contents, Headings, etc. 

The Table of Contents, Cross-Reference Table and Headings of the Articles and Sections of this Indenture have been inserted
for convenience of reference only, are not to be considered a part of this Indenture and shall in no way modify or restrict any of the terms or provisions hereof. 

SECTION 13.14. Waiver of Trial by Jury. 

EACH PARTY HERETO, AND EACH HOLDER, BY ITS ACCEPTANCE OF A NOTE, HEREBY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE
LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY LITIGATION DIRECTLY OR INDIRECTLY ARISING OUT OF, UNDER OR IN CONNECTION WITH THIS INDENTURE. 

SECTION 13.15. Agreement to Provide Certain Tax-Related Information to the
Trustee. 
 In order to comply with applicable tax laws, rules and regulations under Sections 1471-1474 of the Internal
Revenue Code of 1986, as amended (including directives, guidelines and interpretations promulgated by competent authorities), in effect from time to time (“FATCA”), the Company agrees (i) upon written request, to provide to the
Trustee any tax-related information about Holders or any taxable transactions contemplated pursuant to this Indenture (including any modification to the terms of such transactions), to the extent such
information is in the Company’s possession, so that the Trustee can determine whether it has tax-related obligations under FATCA and (ii) that the Trustee may, to the extent it is required to do so
by FATCA, deduct or withhold income or other similar taxes imposed by FATCA from payments hereunder. 
 SECTION 13.16.
Submission to Jurisdiction. 
 Each of the Company, Holdings and the Guarantors hereby irrevocably submits to the
jurisdiction of any New York State court sitting in the Borough of Manhattan in the City of New York or any federal court sitting in the Southern District in the Borough of Manhattan in the City of New York in respect of any suit, action or
proceeding arising out of or relating to this Indenture, the Guarantees and the Notes, and irrevocably accepts for itself and in respect of its property, generally and unconditionally, jurisdiction of the aforesaid courts. 

  
 98 

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

					
	 Very truly yours,

		
		 	 TRANSDIGM INC.

			
		 	 By:
	 	 /s/ Michael J. Lisman

		 		 	 Name: Michael J. Lisman

		 		 	 Title:   Chief Financial Officer

		
		 	 TRANSDIGM GROUP INCORPORATED

			
		 	 By:
	 	 /s/ Michael J. Lisman

		 		 	 Name: Michael J. Lisman

		 		 	 Title:   Chief Financial Officer

  
 [Signature Page –
Subordinated Notes Indenture] 

			
		  	 ACME AEROSPACE, INC.

		  	 ADAMS RITE AEROSPACE, INC.

		  	 AEROCONTROLEX GROUP, INC.

		  	 AIRBORNE ACQUISITION, INC.

		  	 AIRBORNE GLOBAL, INC.

		  	 AIRBORNE HOLDINGS, INC.

		  	 AIRBORNE SYSTEMS NA INC.

		  	 AIRBORNE SYSTEMS NORTH AMERICA INC.

		  	 AIRBORNE SYSTEMS NORTH AMERICA OF CA INC.

		  	 AMSAFE GLOBAL HOLDINGS, INC.

		  	 AMSAFE, INC.

		  	 ANGUS ELECTRONICS CO.

		  	 ARKWIN INDUSTRIES, INC.

		  	 ARMTEC COUNTERMEASURES CO.

ARMTEC COUNTERMEASURES TNO CO.

ARMTEC DEFENSE PRODUCTS CO.

		  	 AUXITROL WESTON USA, INC.

		  	 AVIATION TECHNOLOGIES, INC.

		  	 AVIONICS SPECIALTIES, INC.

		  	 AVTECHTYEE, INC.

		  	 BETA TRANSFORMER TECHNOLOGY CORPORATION

		  	 BRIDPORT HOLDINGS, INC.

		  	 BRIDPORT-AIR CARRIER, INC.

		  	 BRUCE AEROSPACE INC.

		  	 DATA DEVICE CORPORATION

		  	 DUKES AEROSPACE, INC.

		  	 ESTERLINE INTERNATIONAL COMPANY

		  	 ESTERLINE TECHNOLOGIES CORPORATION

		  	 EXTANT COMPONENTS GROUP HOLDINGS, INC.

		  	 EXTANT COMPONENTS GROUP INTERMEDIATE, INC.

		  	 HARTWELL CORPORATION

		  	 HYTEK FINISHES CO.

		  	 ILC HOLDINGS, INC.

		  	 JANCO CORPORATION

		  	 KIRKHILL INC.

		  	 KORRY ELECTRONICS CO.

		  	 LEACH HOLDING CORPORATION

		  	 LEACH INTERNATIONAL CORPORATION

		  	 LEACH TECHNOLOGY GROUP, INC.

		  	 MARATHONNORCO AEROSPACE, INC.

		  	 MASON ELECTRIC CO.

		  	 MCKECHNIE AEROSPACE DE, INC.

		  	 MCKECHNIE AEROSPACE HOLDINGS, INC.

		  	 NMC GROUP, INC.

		  	 NORTH HILLS SIGNAL PROCESSING CORP.

		  	 NORTH HILLS SIGNAL PROCESSING OVERSEAS CORP.

  
 [Signature Page –
Subordinated Notes Indenture] 

 
			
	NORWICH AERO PRODUCTS INC.
	PALOMAR PRODUCTS, INC.
	PEXCO AEROSPACE, INC.
	PNEUDRAULICS, INC.
	RACAL ACOUSTICS, INC.
	SEMCO INSTRUMENTS, INC.
	SHIELD RESTRAINT SYSTEMS, INC.
	SKANDIA, INC.
	SKURKA AEROSPACE INC.
	TA AEROSPACE CO.
	TACTAIR FLUID CONTROLS, INC.
	TDG ESL HOLDINGS INC.
	TEAC AEROSPACE HOLDINGS, INC.
	TEAC AEROSPACE TECHNOLOGIES, INC.
	TEXAS ROTRONICS, INC.
	YOUNG & FRANKLIN INC.
		
	By:	 	 /s/ Liza Sabol

		 	Name: Liza Sabol
		 	Title:   Treasurer

  
 [Signature Page –
Subordinated Notes Indenture] 

 
					
	17111 WATERVIEW PKWY LLC
		 	By:	 	Esterline Technologies Corporation,
		 		 	as its sole member
	BETA TRANSFORMER TECHNOLOGY LLC
		 	By:	 	Beta Transformer Technology Corporation,
		 		 	as its sole member
	CMC ELECTRONICS AURORA LLC
		 	By:	 	Esterline Technologies Corporation,
		 		 	as its sole member
	ELECTROMECH TECHNOLOGIES LLC
		 	By:	 	McKechnie Aerospace US LLC, as its sole member
		 	By:	 	McKechnie Aerospace DE, Inc., as its sole member
	ESTERLINE EUROPE COMPANY LLC
		 	By:	 	Esterline Technologies Corporation,
		 		 	as its sole member
	ESTERLINE TECHNOLOGIES SGIP, LLC
		 	By:	 	Esterline Technologies Corporation,
		 		 	as its sole member
	JOHNSON LIVERPOOL LLC
		 	By:	 	Young & Franklin Inc., as its sole member
	MCKECHNIE AEROSPACE US LLC
		 	By:	 	McKechnie Aerospace DE, Inc., as its sole member
	SCIOTEQ LLC
		 	By:	 	TREALITY SVS LLC, as its sole member
		 	By:	 	Esterline Europe Company LLC, as its sole member
		 	By:	 	Esterline Technologies Corporation, as its sole member
	SYMETRICS INDUSTRIES, LLC
		 	By:	 	Symetrics Technology Group, LLC, as its sole member
		 	By:	 	Extant Components Group Intermediate, Inc., as its sole member
	SYMETRICS TECHNOLOGY GROUP, LLC
		 	By:	 	Extant Components Group Intermediate, Inc., as its sole member
	TREALITY SVS LLC
		 	By:	 	Esterline Europe Company LLC, as its sole member
		 	By:	 	Esterline Technologies Corporation, as its sole member
	TRANSICOIL LLC
		 	By:	 	Aviation Technologies, Inc., as its sole member
			
	By:	 		 	 /s/ Liza Sabol

		 		 	Name: Liza Sabol
		 		 	Title:   Treasurer

  
 [Signature Page –
Subordinated Notes Indenture] 

 
					
	AEROSONIC LLC
	AVIONIC INSTRUMENTS LLC
	BREEZE-EASTERN LLC
	CDA INTERCORP LLC
	CEF INDUSTRIES, LLC
	CHAMPION AEROSPACE LLC
	HARCOSEMCO LLC
	NORDISK AVIATION PRODUCTS LLC
	    	 	By:	 	Telair US LLC, as its sole member
	SCHNELLER LLC
	TELAIR US LLC
	WHIPPANY ACTUATION SYSTEMS, LLC
		 	Each By: TransDigm Inc., as its sole member
			
		 	By:	 	 /s/ Michael J. Lisman

		 		 	Name: Michael J. Lisman
		 		 	Title: Chief Financial Officer
		
		 	AIRBORNE SYSTEMS NORTH AMERICA OF NJ INC.
			
		 	By:	 	 /s/ Michael J. Lisman

		 		 	Name: Michael J. Lisman
		 		 	 Title: Chairman of the Board and Chief

          Executive Officer

		
		 	BRIDPORT ERIE AVIATION, INC.
			
		 	By:	 	 /s/ Liza Sabol

		 		 	Name: Liza Sabol
		 		 	Title: Chairman of the Board and President
		
		 	TRANSDIGM UK HOLDINGS PLC
			
		 	By:	 	 /s/ Liza Sabol

		 		 	Name: Liza Sabol
		 		 	Title: Director

  
 [Signature Page –
Subordinated Notes Indenture] 

 
					
	 THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A., 

as Trustee

			
	     
	 	 By:
	 	 /s/ Julie Hoffman-Ramos

		 		 	 Name: Julie Hoffman-Ramos

		 		 	 Title: Vice President

  
 [Signature Page –
Subordinated Notes Indenture] 

 PROVISIONS RELATING TO INITIAL SECURITIES, 

PRIVATE EXCHANGE SECURITIES 

AND EXCHANGE SECURITIES 

1. Definitions 

1. Definitions 

For the purposes of this Appendix the following terms shall have the meanings indicated below: 

“Definitive Note” means a certificated Initial Note or Exchange Note or Private Exchange Note bearing, if
required, the restricted securities legend set forth in Section 2.3(e). 
 “Depository” means The
Depository Trust Company, its nominees and their respective successors. 
 “Distribution Compliance
Period”, with respect to any Notes, means the period of 40 consecutive days beginning on and including the later of (i) the day on which such Notes are first offered to Persons other than distributors (as defined in Regulation S
under the Securities Act) in reliance on Regulation S and (ii) the issue date with respect to such Notes. 

“Exchange Notes” means (1) the 4.625% Senior Subordinated Notes due 2029 issued pursuant to the
Indenture in connection with the Registered Exchange Offer pursuant to the Registration Rights Agreement and (2) Additional Notes, if any, issued pursuant to a registration statement filed with the SEC under the Securities Act. 

“Initial Purchasers” means (1) with respect to the Initial Notes issued on the Issue Date, Goldman
Sachs & Co. LLC, Morgan Stanley & Co. LLC, Citigroup Global Markets Inc., J.P. Morgan Securities LLC, Credit Suisse Securities (USA) LLC, KKR Capital Markets LLC, RBC Capital Markets, LLC, Barclays Capital Inc., Credit Agricole
Securities (USA) Inc., HSBC Securities (USA) Inc. and PNC Capital Markets LLC and (2) with respect to each issuance of Additional Notes, the Persons purchasing or underwriting such Additional Notes under the related Purchase Agreement. 

“Initial Notes” means (1) $1,200,000,000 aggregate principal amount of 4.625% Senior Subordinated Notes
due 2029 issued on the Issue Date and (2) Additional Notes, if any, issued in a transaction exempt from the registration requirements of the Securities Act. 

“Issue Date” means January 20, 2021. 

“Private Exchange” means the offer by the Company, pursuant to the Registration Rights Agreement, to the
Initial Purchasers to issue and deliver to each Initial Purchaser, in exchange for the Initial Notes held by the Initial Purchaser as part of its initial distribution, a like aggregate principal amount of Private Exchange Notes. 

 “Private Exchange Notes” means any 4.625% Senior
Subordinated Notes due 2029 issued in connection with a Private Exchange. 
 “Purchase Agreement” means
(1) with respect to the Initial Notes issued on the Issue Date, the Purchase Agreement dated January 14, 2021, among the Company, Holdings, the Guarantors party thereto and Goldman Sachs & Co. LLC and Morgan
Stanley & Co. LLC, as representatives of the initial purchasers of the Notes, as amended and supplemented from time to time in accordance with the terms thereof, and (2) with respect to each issuance of Additional Notes, the purchase
agreement or underwriting agreement among the Company and the Persons purchasing or underwriting such Additional Notes. 

“QIB” means a “qualified institutional buyer” as defined in Rule 144A. 

“Registered Exchange Offer” means the offer by the Company, pursuant to the Registration Rights Agreement, to
certain Holders of Initial Notes, to issue and deliver to such Holders, in exchange for the Initial Notes, a like aggregate principal amount of Exchange Notes registered under the Securities Act. 

“Registration Rights Agreement” means the Registration Rights Agreement dated as of the Issue Date, among the
Company, Holdings, the Guarantors party thereto and Goldman Sachs & Co. LLC and Morgan Stanley & Co. LLC, as representatives of the initial purchasers of the Notes, as amended and supplemented from time to time in accordance with
the terms thereof. 
 “Notes Custodian” means the Trustee, as custodian with respect to the Notes in global
form, or any successor entity thereto. 
 “Notes” means the Initial Notes, the Exchange Notes and the
Private Exchange Notes, treated as a single class. 
 “Securities Custodian” means the custodian with
respect to a Global Note (as appointed by the Depository), or any successor Person thereto and shall initially be the Trustee. 

“Shelf Registration Statement” means the registration statement issued by the Company in connection with the
offer and sale of Initial Notes or Private Exchange Notes pursuant to a Registration Rights Agreement. 
 “Transfer
Restricted Notes” means Notes that bear or are required to bear the legend set forth in Section 2.3(e) hereof. 

1.2 Other Definitions 
  

			
	 Term
	  	 Defined in
Section:

	 “Agent Members”
	  	2.1(b)
	 “Global Notes”
	  	2.1(a)
	 “Permanent Regulation S Global Note”
	  	2.1(a)
	 “Regulation S”
	  	2.1(a)
	 “Regulation S Global Notes”
	  	2.1(a)

			
	 Term
	  	 Defined in
Section:

	 “Rule 144A”
	  	2.1(a)
	 “Rule 144A Global Note”
	  	2.1(a)
	 “Temporary Regulation S Global Note”
	  	2.1(a)

 2. The Notes. 

2.1(a) Form and Dating. The Initial Notes will be offered and sold by the Company pursuant to a Purchase Agreement. The
Initial Notes will be resold initially only to (i) QIBs in reliance on Rule 144A under the Securities Act (“Rule 144A”) and (ii) Persons other than U.S. Persons (as defined in Regulation S) in
reliance on Regulation S under the Securities Act (“Regulation S”). Initial Notes may thereafter be transferred to, among others, QIBs and purchasers in reliance on Regulation S, in each case, subject to the
restrictions on transfer set forth herein. Initial Notes initially resold pursuant to Rule 144A shall be issued initially in the form of one or more permanent global Notes in definitive, fully registered form (collectively, the
“Rule 144A Global Note”) and Initial Notes initially resold pursuant to Regulation S shall be issued initially in the form of one or more temporary global notes in fully registered form (collectively, the
“Temporary Regulation S Global Note”), in each case without interest coupons and with the global notes legend and restricted notes legend set forth in Exhibit A hereto, which shall be deposited on behalf of the purchasers of
the Initial Notes represented thereby with the Notes Custodian, and registered in the name of the Depository or a nominee of the Depository, duly executed by the Company and authenticated by the Trustee as provided in this Indenture. Except as set
forth in this Section 2.1(a), beneficial ownership interests in the Temporary Regulation S Global Note (x) will not be exchangeable for interests in the Rule 144A Global Note, a permanent global note (the “Permanent
Regulation S Global Note” and, together with the Temporary Regulation S Global Notes, the “Regulation S Global Notes”), or any other Note prior to the expiration of the Distribution Compliance Period
and (y) after the expiration of the Distribution Compliance Period, may be exchanged for interests in a Rule 144A Global Note or the Permanent Regulation S Global Note only upon certification that beneficial ownership interests in such
Temporary Regulation S Global Note are owned either by non-U.S. persons or U.S. persons who purchased such interests in a transaction that did not require registration under the Securities Act. 

Beneficial interests in a Temporary Regulation S Global Note may be exchanged for interests in a Rule 144A Global Note if
(1) such exchange occurs in connection with a transfer of Securities in compliance with Rule 144A, and (2) the transferor of the beneficial interest in such Temporary Regulation S Global Note first delivers to the Trustee a written
certificate (in a form satisfactory to the Trustee) to the effect that the beneficial interest in such Temporary Regulation S Global Note is being transferred (a) to a Person who the transferor reasonably believes to be a QIB, (b) to a
Person who is purchasing for its own account or the account of a QIB in a transaction meeting the requirements of Rule 144A and (c) in accordance with all applicable securities laws of the States of the United States and other
jurisdictions. 
 Beneficial interests in a Rule 144A Global Note may be transferred to a Person who takes delivery in
the form of an interest in a Regulation S Global Note, whether before or after the expiration of the Distribution Compliance Period, only if the transferor first delivers to the Trustee 

 
a written certificate (in the form provided in the Indenture) to the effect that such transfer is being made in accordance with Rule 903 or 904 of Regulation S or Rule 144 (if
applicable). 
 The Rule 144A Global Note, the Temporary Regulation S Global Note and the Permanent
Regulation S Global Note are collectively referred to herein as “Global Notes”. The aggregate principal amount of the Global Notes may from time to time be increased or decreased by adjustments made on the records of the
Trustee and the Depository and the Notes Custodian as hereinafter provided. 
 (b) Book-Entry Provisions. This
Section 2.1(b) shall apply only to a Global Note deposited with or on behalf of the Depository. 
 The Company
shall execute and the Trustee shall, in accordance with this Section 2.1(b), authenticate and deliver initially one or more Global Notes that (a) shall be registered in the name of the Depository for such Global Note or Global Notes or the
nominee of such Depository and (b) shall be delivered by the Trustee to such Depository or pursuant to such Depository’s instructions or held by the Notes Custodian. 

Members of, or participants in, the Depository (“Agent Members”) shall have no rights under this Indenture
with respect to any Global Note held on their behalf by the Depository or by the Notes Custodian or under such Global Note, and the Company, the Trustee and any agent of the Company or the Trustee shall be entitled to treat the Depository as the
absolute owner of such Global Note for all purposes whatsoever. Notwithstanding the foregoing, nothing herein shall prevent the Company, the Trustee or any agent of the Company or the Trustee from giving effect to any written certification, proxy or
other authorization furnished by the Depository or impair, as between the Depository and its Agent Members, the operation of customary practices of such Depository governing the exercise of the rights of a holder of a beneficial interest in any
Global Note. 
 (c) Certificated Notes. Except as provided in this Section 2.1 or Sections 2.3 or 2.4,
owners of beneficial interests in Global Notes shall not be entitled to receive physical delivery of Definitive Notes. 

2.2 Authentication. The Trustee shall authenticate and deliver: (1) on the Issue Date, an aggregate principal
amount of $1,200,000,000 of 4.625% Senior Subordinated Notes due 2029; and (2) any Additional Notes for an original issue in an aggregate principal amount specified in the written order of the Company pursuant to Section 2.02 of the
Indenture and (3) Exchange Notes or Private Exchange Notes for issue only in a Registered Exchange Offer or a Private Exchange, respectively, pursuant to a Registration Rights Agreement, for a like principal amount of Initial Notes, in each
case upon a written order of the Company signed by two Officers. Such order shall specify the amount of the Notes to be authenticated and the date on which the original issue of Notes is to be authenticated and, in the case of any issuance of
Additional Notes pursuant to Section 2.14 of the Indenture, shall certify that such issuance is in compliance with Section 4.09 of the Indenture. 

 2.3 Transfer and Exchange. (a) Transfer and Exchange of
Definitive Notes. When Definitive Notes are presented to a Registrar with a request: 
 (x) to register
the transfer of such Definitive Notes; or 
 (y) to exchange such Definitive Notes for an equal principal
amount of Definitive Notes of other authorized denominations, 
 the Registrar shall register the transfer or make the exchange as requested
if its reasonable requirements for such transaction are met; provided, however, that the Definitive Notes surrendered for transfer or exchange: 

(i) shall be duly endorsed or accompanied by a written instrument of transfer in form reasonably
satisfactory to the Company and the Registrar, duly executed by the Holder thereof or its attorney duly authorized in writing; and 

(ii) if such Definitive Notes are required to bear a restricted securities legend, they are being
transferred or exchanged pursuant to an effective registration statement under the Securities Act, pursuant to Section 2.3(b) or pursuant to clause (A), (B) or (C) below, and are accompanied by the following additional
information and documents, as applicable: 
 (A) if such Definitive Notes are being delivered to the
Registrar by a Holder for registration in the name of such Holder, without transfer, a certification from such Holder to that effect; or 

(B) if such Definitive Notes are being transferred to the Company, a certification to that effect; or 

(C) if such Definitive Notes are being transferred (x) pursuant to an exemption from registration in
accordance with Rule 144A, Regulation S or Rule 144 under the Securities Act; or (y) in reliance upon another exemption from the requirements of the Securities Act: (x) a certification to that effect (in the form set forth on the
reverse of the Note) and (y) if the Company so requests, an opinion of counsel or other evidence reasonably satisfactory to it as to the compliance with the restrictions set forth in the legend set forth in Section 2.3(e)(i). 

(b) Restrictions on Transfer of a Definitive Note for a Beneficial Interest in a Global Security. A Definitive Note may
not be exchanged for a beneficial interest in a Rule 144A Global Security or a Permanent Regulation S Global Note except upon satisfaction of the requirements set forth below. Upon receipt by the Trustee of a Definitive Note, duly endorsed or
accompanied by appropriate instruments of transfer, in form satisfactory to the Trustee, together with: 

(i) certification, in the form set forth on the reverse of the Note, that such Definitive Note is either
(A) being transferred to a QIB in accordance with Rule 144A or (B) is being transferred after expiration of the Distribution Compliance Period by a Person who initially purchased such Note in reliance on Regulation S to a buyer
who elects to hold its interest 

 
in such Note in the form of a beneficial interest in the Permanent Regulation S Global Note; and 

(ii) written instructions directing the Trustee to make, or to direct the Notes Custodian to make, an
adjustment on its books and records with respect to such Rule 144A Global Note (in the case of a transfer pursuant to clause (b)(i)(A)) or Permanent Regulation S Note (in the case of a transfer pursuant to clause (b)(i)(B)) to reflect an
increase in the aggregate principal amount of the Notes represented by the Rule 144A Global Note or Permanent Regulation S Global Note, as applicable, such instructions to contain information regarding the Depository account to be credited
with such increase, 
 then the Trustee shall cancel such Definitive Note and cause, or direct the Notes Custodian to cause, in accordance
with the standing instructions and procedures existing between the Depository and the Notes Custodian, the aggregate principal amount of Notes represented by the Rule 144A Global Note or Permanent Regulation S Global Note, as applicable, to be
increased by the aggregate principal amount of the Definitive Note to be exchanged and shall credit or cause to be credited to the account of the Person specified in such instructions a beneficial interest in the Rule 144A Global Note or
Permanent Regulation S Global Note, as applicable, equal to the principal amount of the Definitive Note so canceled. If no Rule 144A Global Notes or Permanent Regulation S Global Notes, as applicable, are then outstanding, the Company
shall issue, and the Trustee shall authenticate, upon written order of the Company in the form of an Officers’ Certificate, a new Rule 144A Global Note or Permanent Regulation S Global Note, as applicable, in the appropriate principal
amount. 
 (c) Transfer and Exchange of Global Notes. (i) The transfer and exchange of Global Notes or
beneficial interests therein shall be effected through the Depository, in accordance with this Indenture (including applicable restrictions on transfer set forth herein, if any) and the procedures of the Depository therefor. A transferor of a
beneficial interest in a Global Note shall deliver to the Registrar a written order given in accordance with the Depository’s procedures containing information regarding the participant account of the Depository to be credited with a beneficial
interest in the Global Note. The Registrar shall, in accordance with such instructions, instruct the Depository to credit to the account of the Person specified in such instructions a beneficial interest in the Global Note and to debit the account
of the Person making the transfer the beneficial interest in the Global Note being transferred. 

(ii) If the proposed transfer is a transfer of a beneficial interest in one Global Note to a beneficial
interest in another Global Note, the Registrar shall reflect on its books and records the date and an increase in the principal amount of the Global Note to which such interest is being transferred in an amount equal to the principal amount of the
interest to be so transferred, and the Registrar shall reflect on its books and records the date and a corresponding decrease in the principal amount of the Global Note from which such interest is being transferred. 

(iii) Notwithstanding any other provisions of this Appendix (other than the provisions set forth in
Section 2.4), a Global Note may not be transferred as a whole except by the Depository to a nominee of the Depository or by a nominee of the Depository to the 

 
Depository or another nominee of the Depository or by the Depository or any such nominee to a successor Depository or a nominee of such successor Depository. 

(iv) In the event that a Global Note is exchanged for Definitive Notes pursuant to Section 2.4 of
this Appendix prior to the consummation of a Registered Exchange Offer or the effectiveness of a Shelf Registration Statement with respect to such Notes, such Notes may be exchanged only in accordance with such procedures as are substantially
consistent with the provisions of this Section 2.3 (including the certification requirements set forth on the reverse of the Initial Notes intended to ensure that such transfers comply with Rule 144A or Regulation S, as the case may be)
and such other procedures as may from time to time be adopted by the Company. 
 (d) Restrictions on Transfer of
Temporary Regulation S Global Notes. During the Distribution Compliance Period, beneficial ownership interests in Temporary Regulation S Global Notes may be sold, pledged or transferred only (i) to the Company,
(ii) in an offshore transaction in accordance with Regulation S (other than a transaction resulting in an exchange for interest in a Permanent Regulation S Global Note) or (iii) pursuant to an effective registration statement
under the Act, in each case in accordance with any applicable securities laws of any state of the United States. 
 (e)
Legend. 
 (i) Except as permitted by the following paragraphs (ii), (iii) and (iv),
each Note certificate evidencing the Global Notes (and all Notes issued in exchange therefor or in substitution thereof) shall bear a legend in substantially the following form: 

THIS NOTE (OR ITS PREDECESSOR) WAS ORIGINALLY ISSUED IN A TRANSACTION EXEMPT FROM REGISTRATION UNDER THE UNITED
STATES SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), AND THIS NOTE MAY NOT BE OFFERED, SOLD OR OTHERWISE TRANSFERRED IN THE ABSENCE OF SUCH REGISTRATION OR AN APPLICABLE EXEMPTION THEREFROM. EACH PURCHASER OF THIS NOTE IS
HEREBY NOTIFIED THAT THE SELLER OF THIS NOTE MAY BE RELYING ON THE EXEMPTION FROM THE PROVISIONS OF SECTION 5 OF THE SECURITIES ACT PROVIDED BY RULE 144A THEREUNDER. 

THE HOLDER OF THIS NOTE AGREES FOR THE BENEFIT OF THE COMPANY THAT (A) THIS NOTE MAY BE OFFERED, RESOLD,
PLEDGED OR OTHERWISE TRANSFERRED, ONLY (I) TO THE COMPANY, (II) IN THE UNITED STATES TO A PERSON WHOM THE SELLER REASONABLY BELIEVES IS A QUALIFIED INSTITUTIONAL BUYER (AS DEFINED IN RULE 144A UNDER THE SECURITIES ACT) IN A
TRANSACTION MEETING THE REQUIREMENTS OF RULE 144A, (III) OUTSIDE THE UNITED STATES IN AN OFFSHORE TRANSACTION IN ACCORDANCE WITH RULE 904 UNDER THE SECURITIES ACT, (IV) PURSUANT TO EXEMPTION FROM REGISTRATION UNDER THE

 
SECURITIES ACT PROVIDED BY RULE 144 THEREUNDER (IF AVAILABLE), (V) PURSUANT TO ANOTHER AVAILABLE EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT OR (VI) PURSUANT TO AN
EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT, IN EACH OF CASES (I) THROUGH (VI) IN ACCORDANCE WITH ANY APPLICABLE SECURITIES LAWS OF ANY STATE OF THE UNITED STATES, AND (B) THE HOLDER WILL, AND EACH SUBSEQUENT HOLDER IS
REQUIRED TO, NOTIFY ANY PURCHASER OF THIS NOTE FROM IT OF THE RESALE RESTRICTIONS REFERRED TO IN (A) ABOVE. 
 Each
Definitive Note will also bear the following additional legend: 
 IN CONNECTION WITH ANY TRANSFER, THE
HOLDER WILL DELIVER TO THE REGISTRAR AND TRANSFER AGENT SUCH CERTIFICATES AND OTHER INFORMATION AS SUCH TRANSFER AGENT MAY REASONABLY REQUIRE TO CONFIRM THAT THE TRANSFER COMPLIES WITH THE FOREGOING RESTRICTIONS. 

(ii) Upon any sale or transfer of a Transfer Restricted Note (including any Transfer Restricted Note
represented by a Global Note) pursuant to Rule 144 under the Securities Act, the Registrar shall permit the transferee thereof to exchange such Transfer Restricted Note for a certificated Note that does not bear the legend set forth above and
rescind any restriction on the transfer of such Transfer Restricted Note, if the transferor thereof certifies in writing to the Registrar that such sale or transfer was made in reliance on Rule 144 (such certification to be in the form set
forth on the reverse of the Note). 
 (iii) After a transfer of any Initial Notes or Private Exchange Notes
pursuant to and during the period of the effectiveness of a Shelf Registration Statement with respect to such Initial Notes or Private Exchange Notes, as the case may be, all requirements pertaining to legends on such Initial Note or such Private
Exchange Note will cease to apply, the requirements requiring any such Initial Note or such Private Exchange Note issued to certain Holders be issued in global form will cease to apply, and a certificated Initial Note or Private Exchange Note or an
Initial Note or Private Exchange Note in global form, in each case without restrictive transfer legends, will be available to the transferee of the Holder of such Initial Notes or Private Exchange Notes upon exchange of such transferring
Holder’s certificated Initial Note or Private Exchange Note or appropriate directions to transfer such Holder’s interest in the Global Note, as applicable. 

(iv) Upon the consummation of a Registered Exchange Offer with respect to the Initial Notes, all requirements
pertaining to such Initial Notes that Initial Notes issued to certain Holders be issued in global form will still apply with respect to Holders of such Initial Notes that do not exchange their Initial Notes, and Exchange Notes in certificated or
global form, in each case without the restrictive securities legend set forth in Exhibit A hereto, will be available to Holders that exchange such Initial Notes in such Registered Exchange Offer. 

 (v) Upon the consummation of a Private Exchange with respect
to the Initial Notes, all requirements pertaining to such Initial Notes that Initial Notes issued to certain Holders be issued in global form will still apply with respect to Holders of such Initial Notes that do not exchange their Initial Notes,
and Private Exchange Notes in global form with the global securities legend and the Restricted Notes Legend set forth in Exhibit A hereto, will be available to Holders that exchange such Initial Notes in such Private Exchange. 

(f) Cancellation or Adjustment of Global Note. At such time as all beneficial interests in a Global Note have either
been exchanged for Definitive Notes, redeemed, purchased or canceled, such Global Note shall be returned to the Depository for cancellation or retained and canceled by the Trustee. At any time prior to such cancellation, if any beneficial interest
in a Global Note is exchanged for certificated Notes, redeemed, purchased or canceled, the principal amount of Notes represented by such Global Note shall be reduced, and an adjustment shall be made on the books and records of the Trustee (if it is
then the Securities Custodian) with respect to such Global Note, by the Trustee or the Securities Custodian, to reflect such reduction. 

(g) No Obligation of the Trustee. 

(i) The Trustee shall have no responsibility or obligation to any beneficial owner of a Global Note, a member
of, or a participant in the Depository or other Person with respect to the accuracy of the records of the Depository or its nominee or of any participant or member thereof, with respect to any ownership interest in the Notes or with respect to the
delivery to any participant, member, beneficial owner or other Person (other than the Depository) of any notice (including any notice of redemption) or the payment of any amount, under or with respect to such Notes. All notices and communications to
be given to the Holders and all payments to be made to Holders under the Notes shall be given or made only to or upon the order of the registered Holders (which shall be the Depository or its nominee in the case of a Global Note). The rights of
beneficial owners in any Global Note shall be exercised only through the Depository subject to the applicable rules and procedures of the Depository. The Trustee may rely and shall be fully protected in relying upon information furnished by the
Depository with respect to its members, participants and any beneficial owners. 
 (ii) The Trustee shall
have no obligation or duty to monitor, determine or inquire as to compliance with any restrictions on transfer imposed under this Indenture or under applicable law with respect to any transfer of any interest in any Note (including any transfers
between or among Depository participants, members or beneficial owners in any Global Note) other than to require delivery of such certificates and other documentation or evidence as are expressly required by, and to do so if and when expressly
required by, the terms of this Indenture, and to examine the same to determine substantial compliance as to form with the express requirements hereof. 

 2.4 Certificated Notes. 

(a) A Global Note deposited with the Depository or with the Trustee as custodian for the Depository pursuant to
Section 2.1 shall be transferred to the beneficial owners thereof in the form of Definitive Notes in an aggregate principal amount equal to the principal amount of such Global Note, in exchange for such Global Note, only if such transfer
complies with Section 2.3 hereof and (i) the Depository notifies the Company that it is unwilling or unable to continue as Depository for such Global Note or if at any time such Depository ceases to be a “clearing agency”
registered under the Exchange Act and, in either case, a successor Depository is not appointed by the Company within 90 days of such notice, (ii) the Company, in its sole discretion, notifies the Trustee in writing that it elects to cause
the issuance of Definitive Notes under this Indenture or (iii) an Event of Default has occurred and is continuing. 

(b) Any Global Note that is transferable to the beneficial owners thereof pursuant to this Section shall be surrendered
by the Depository to the Trustee located at its principal corporate trust office to be so transferred, in whole or from time to time in part, without charge, and the Trustee shall authenticate and deliver, upon such transfer of each portion of such
Global Note, an equal aggregate principal amount of Definitive Notes of authorized denominations. Any portion of a Global Note transferred pursuant to this Section shall be executed, authenticated and delivered only in denominations of $2,000
and integral multiples of $1,000 in excess thereof and registered in such names as the Depository shall direct. Any Definitive Note delivered in exchange for an interest in the Transfer Restricted Note shall, except as otherwise provided by
Section 2.3(e) hereof, bear the restricted securities legend and definitive note legend set forth in Exhibit A hereto. 

(c) Subject to the provisions of Section 2.4(b) hereof, the registered Holder of a Global Note shall be entitled to
grant proxies and otherwise authorize any Person, including Agent Members and Persons that may hold interests through Agent Members, to take any action which a Holder is entitled to take under this Indenture or the Notes. 

(d) In the event of the occurrence of one of the events specified in Section 2.4(a) hereof, the Company shall
promptly make available to the Trustee a reasonable supply of Definitive Notes in definitive, fully-registered form without interest coupons. 

 EXHIBIT A 

TO 
 RULE 144A/REGULATION S
APPENDIX 
 [FORM OF FACE OF INITIAL NOTE] 

[Global Notes Legend] 

UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION
(“DTC”), NEW YORK, NEW YORK, TO THE COMPANY OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE & CO. OR SUCH OTHER NAME AS IS REQUESTED BY AN
AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO. OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC) ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS
WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN. 
 TRANSFERS OF THIS GLOBAL
NOTE SHALL BE LIMITED TO TRANSFERS IN WHOLE, BUT NOT IN PART, TO NOMINEES OF DTC OR TO A SUCCESSOR THEREOF OR SUCH SUCCESSOR’S NOMINEE, AND TRANSFERS OF PORTIONS OF THIS GLOBAL NOTE SHALL BE LIMITED TO TRANSFERS MADE IN ACCORDANCE WITH THE
RESTRICTIONS SET FORTH IN THE INDENTURE REFERRED TO ON THE REVERSE HEREOF. 
 [For Regulation S Global Note Only] 

UNTIL 40 DAYS AFTER THE LATER OF COMMENCEMENT OR COMPLETION OF THE OFFERING, AN OFFER OR SALE OF NOTES WITHIN THE UNITED
STATES BY A DEALER (AS DEFINED IN THE U.S. SECURITIES ACT) MAY VIOLATE THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT IF SUCH OFFER OR SALE IS MADE OTHERWISE THAN IN ACCORDANCE WITH RULE 144A THEREUNDER. 

[Restricted Notes Legend] 

THIS NOTE (OR ITS PREDECESSOR) WAS ORIGINALLY ISSUED IN A TRANSACTION EXEMPT FROM REGISTRATION UNDER THE UNITED STATES
SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), AND THIS NOTE MAY NOT BE OFFERED, SOLD OR OTHERWISE TRANSFERRED IN THE ABSENCE OF SUCH REGISTRATION OR AN APPLICABLE EXEMPTION THEREFROM. EACH PURCHASER OF THIS NOTE IS HEREBY
NOTIFIED THAT THE SELLER OF THIS NOTE MAY BE RELYING ON THE EXEMPTION FROM THE PROVISIONS OF SECTION 5 OF THE SECURITIES ACT PROVIDED BY RULE 144A THEREUNDER. 

 THE HOLDER OF THIS NOTE AGREES FOR THE BENEFIT OF THE COMPANY THAT
(A) THIS NOTE MAY BE OFFERED, RESOLD, PLEDGED OR OTHERWISE TRANSFERRED, ONLY (I) TO THE COMPANY, (II) IN THE UNITED STATES TO A PERSON WHOM THE SELLER REASONABLY BELIEVES IS A QUALIFIED INSTITUTIONAL BUYER (AS DEFINED IN
RULE 144A UNDER THE SECURITIES ACT) IN A TRANSACTION MEETING THE REQUIREMENTS OF RULE 144A, (III) OUTSIDE THE UNITED STATES IN AN OFFSHORE TRANSACTION IN ACCORDANCE WITH RULE 904 UNDER THE SECURITIES ACT, (IV) PURSUANT TO AN
EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT PROVIDED BY RULE 144 THEREUNDER (IF AVAILABLE), (V) PURSUANT TO ANOTHER AVAILABLE EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT OR (VI) PURSUANT TO AN EFFECTIVE REGISTRATION
STATEMENT UNDER THE SECURITIES ACT, IN EACH OF CASES (I) THROUGH (VI) IN ACCORDANCE WITH ANY APPLICABLE SECURITIES LAWS OF ANY STATE OF THE UNITED STATES, AND (B) THE HOLDER WILL, AND EACH SUBSEQUENT HOLDER IS REQUIRED TO, NOTIFY ANY
PURCHASER OF THIS NOTE FROM IT OF THE RESALE RESTRICTIONS REFERRED TO IN (A) ABOVE. 
 [Temporary Regulation S Global Note Legend] 

EXCEPT AS SET FORTH BELOW, BENEFICIAL OWNERSHIP INTERESTS IN THIS TEMPORARY REGULATION S GLOBAL NOTE WILL NOT BE
EXCHANGEABLE FOR INTERESTS IN THE PERMANENT REGULATION S GLOBAL NOTE OR ANY OTHER SECURITY REPRESENTING AN INTEREST IN THE NOTES REPRESENTED HEREBY WHICH DO NOT CONTAIN A LEGEND CONTAINING RESTRICTIONS ON TRANSFER, UNTIL THE EXPIRATION OF THE “40-DAY DISTRIBUTION COMPLIANCE PERIOD” (WITHIN THE MEANING OF RULE 903(b)(3) OF REGULATION S UNDER THE SECURITIES ACT) AND THEN ONLY UPON CERTIFICATION IN FORM REASONABLY SATISFACTORY TO
THE TRUSTEE THAT SUCH BENEFICIAL INTERESTS ARE OWNED EITHER BY NON-U.S. PERSONS OR U.S. PERSONS WHO PURCHASED SUCH INTERESTS IN A TRANSACTION THAT DID NOT REQUIRE REGISTRATION UNDER THE SECURITIES ACT. DURING
SUCH 40-DAY DISTRIBUTION COMPLIANCE PERIOD, BENEFICIAL OWNERSHIP INTERESTS IN THIS TEMPORARY REGULATION S GLOBAL NOTE MAY ONLY BE SOLD, PLEDGED OR TRANSFERRED (I) TO THE COMPANY,
(II) OUTSIDE THE UNITED STATES IN A TRANSACTION IN ACCORDANCE WITH RULE 904 UNDER THE SECURITIES ACT, OR (III) PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT, IN EACH OF CASES (I) THROUGH (III) IN
ACCORDANCE WITH ANY APPLICABLE SECURITIES LAWS OF ANY STATE OF THE UNITED STATES. HOLDERS OF INTERESTS IN THIS TEMPORARY REGULATION S GLOBAL NOTE WILL NOTIFY ANY PURCHASER OF THIS NOTE OF THE RESALE RESTRICTIONS REFERRED TO ABOVE, IF THEN
APPLICABLE. 
 AFTER THE EXPIRATION OF THE DISTRIBUTION COMPLIANCE PERIOD, BENEFICIAL INTERESTS IN THIS TEMPORARY
REGULATION S GLOBAL NOTE MAY BE EXCHANGED FOR INTERESTS IN A RULE 144A GLOBAL NOTE ONLY IF (1) SUCH EXCHANGE OCCURS IN CONNECTION WITH A TRANSFER OF THE NOTES 

 
IN COMPLIANCE WITH RULE 144A AND (2) THE TRANSFEROR OF THE REGULATION S GLOBAL NOTE FIRST DELIVERS TO THE TRUSTEE A WRITTEN CERTIFICATE (IN THE FORM ATTACHED TO THIS CERTIFICATE) TO THE
EFFECT THAT THE REGULATION S GLOBAL NOTE IS BEING TRANSFERRED TO A PERSON (A) WHO THE TRANSFEROR REASONABLY BELIEVES TO BE A QUALIFIED INSTITUTIONAL BUYER WITHIN THE MEANING OF RULE 144A (B) PURCHASING FOR ITS OWN ACCOUNT OR THE ACCOUNT OF
A QUALIFIED INSTITUTIONAL BUYER IN A TRANSACTION MEETING THE REQUIREMENTS OF RULE 144A, AND (C) IN ACCORDANCE WITH ALL APPLICABLE SECURITIES LAWS OF THE STATES OF THE UNITED STATES AND OTHER JURISDICTIONS. 

BENEFICIAL INTEREST IN A RULE 144A GLOBAL NOTE MAY BE TRANSFERRED TO A PERSON WHO TAKES DELIVERY IN THE FORM OF AN
INTEREST IN THE REGULATION S GLOBAL SECURITY, WHETHER BEFORE OR AFTER THE EXPIRATION OF THE 40-DAY DISTRIBUTION COMPLIANCE PERIOD, ONLY IF THE TRANSFEROR FIRST DELIVERS TO THE TRUSTEE A WRITTEN CERTIFICATE (IN
THE FORM ATTACHED TO THIS CERTIFICATE) TO THE EFFECT THAT IF SUCH TRANSFER IS BEING MADE IN ACCORDANCE WITH RULE 903 OR 904 OF REGULATION S OR RULE 144 (IF AVAILABLE). 

[Definitive Notes Legend] 

IN CONNECTION WITH ANY TRANSFER, THE HOLDER WILL DELIVER TO THE REGISTRAR AND TRANSFER AGENT SUCH CERTIFICATES AND OTHER
INFORMATION AS SUCH TRANSFER AGENT MAY REASONABLY REQUIRE TO CONFIRM THAT THE TRANSFER COMPLIES WITH THE FOREGOING RESTRICTIONS. 

 CUSIP:      

ISIN:      

TRANSDIGM INC. 
  

			
	 No.     
	  	$             

 4.625% SENIOR SUBORDINATED NOTES DUE 2029 

TRANSDIGM INC., a Delaware corporation, promises to pay to “Cede & Co.”, or registered assigns, the
principal sum of [                    ] ($[            ]) on January 15, 2029. 

Interest Payment Dates: January 15 and July15. 

Record Dates: January 1 and July 1. 

Dated:
[                    ]. 

Reference is made to the further provisions of this Note contained herein, which will for all purposes have the same effect as
if set forth at this place. 

 Dated: 
  

					
	 TRANSDIGM INC.,

			
	     
	 	 By:
	 	  

		 		 	 Name:

		 		 	 Title:

			
		 	 By:
	 	  

		 		 	 Name:

		 		 	 Title:

 TRUSTEE’S CERTIFICATE OF AUTHENTICATION 

THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A., as Trustee, 

certifies that this is one of the Notes referred to in the within-mentioned Indenture. 

 

					
	     
	 	 By:
	 	  

		 		 	Authorized Signatory
		 		 	 Dated:

 [FORM OF REVERSE SIDE OF INITIAL NOTE] 

4.625% SENIOR SUBORDINATED NOTES DUE 2029 

Capitalized terms used herein shall have the meanings assigned to them in the Indenture referred to below unless otherwise
indicated. 
 1. Interest. TransDigm Inc., a Delaware corporation (such corporation, and its successors and
assigns under the Indenture, being herein called the “Company”), promises to pay interest on the principal amount of this Note at 4.625% per annum from January 20, 2021 until maturity; provided that, if a Registration
Default (as defined in the Registration Rights Agreement) occurs, additional interest (the “Additional Interest”) of $0.05 per week per $1,000 principal amount of the Transfer Restricted Notes will accrue on the Transfer Restricted
Notes for the first 90-day period immediately following the occurrence of a Registration Default (increasing by an additional $0.05 per week per $1,000 principal amount of the Transfer Restricted Notes with
respect to each subsequent 90-day period until all Registration Defaults have been cured, up to a maximum additional interest rate of 1.00% per annum). The Company shall pay interest and Additional Interest
semi-annually on January 15 and July 15 of each year, or if any such day is not a Business Day, on the next succeeding Business Day (each an “Interest Payment Date”). Interest on the Notes will accrue from the most recent
date to which interest has been paid or, if no interest has been paid, from the date of issuance; provided that, if there is no existing Default in the payment of interest, and if this Note is authenticated after January 20, 2021
and between a record date referred to on the face hereof and the next succeeding Interest Payment Date, interest shall accrue from such next succeeding Interest Payment Date; provided, further, that the first Interest Payment Date
shall be July 15, 2021. The Company shall pay interest (including post-petition interest in any proceeding under any Bankruptcy Law) on overdue principal and premium, if any, from time to time on demand at a rate that is equal to the
interest rate on the Note then in effect; it shall pay interest (including post-petition interest in any proceeding under any Bankruptcy Law) on overdue installments of interest and Additional Interest (without regard to any applicable grace
periods) from time to time on demand at the same rate to the extent lawful. Interest will be computed on the basis of a 360-day year of twelve 30-day months. 

2. Method of Payment. The Company will pay interest on the Notes (except defaulted interest) and Additional Interest,
if any, to the Persons who are registered Holders at the close of business on the January 1 or July 1 preceding the Interest Payment Date, even if such Notes are canceled after such record date and on or before such Interest Payment Date,
except as provided in Section 2.12 of the Indenture with respect to defaulted interest. The Notes will be payable as to principal, premium and interest and Additional Interest, if any, at the office or agency of the Company maintained for such
purpose within or without the City and State of New York, or, at the option of the Company, payment of interest and Additional Interest, if any, may be made by check mailed to the Holders at their addresses set forth in the register of Holders;
provided that payment by wire transfer of immediately available funds will be required with respect to principal of and interest, premium and Additional Interest, if any, on, all Global Notes and all other Notes the Holders of which shall
have provided wire transfer instructions to the Company or the Paying Agent. Such payment shall be in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts. 

 3. Paying Agent and Registrar. Initially, The Bank of New York Mellon
Trust Company, N.A., the Trustee under the Indenture, will act as Paying Agent and Registrar. The Company may change any Paying Agent or Registrar without notice to any Holder. The Company or any of its Subsidiaries may act in any such
capacity. 
 4. Indenture. The Company issued the Notes under an Indenture dated as of January 20, 2021 (the
“Indenture”) among the Company, Holdings, the Guarantors party thereto and The Bank of New York Mellon Trust Company, N.A., as Trustee (the “Trustee”). The terms of the Notes include those stated in the
Indenture and those made part of the Indenture by reference to the Trust Indenture Act of 1939, as amended (15 U.S. Code §§ 77aaa-77bbbb). The Notes are subject to all such terms, and Holders are referred to the Indenture and such Act for
a statement of such terms. To the extent any provision of this Note conflicts with the express provisions of the Indenture, the provisions of the Indenture shall govern and be controlling. The Notes are obligations of the Company. 

5. Subordination. The Notes are subordinated to Senior Debt of the Company, as defined in the Indenture. To the extent
provided in the Indenture, Senior Debt of the Company must be paid before the Notes may be paid. The Company agrees, and each Holder, by accepting a Note, agrees, to the subordination provisions contained in the Indenture and authorizes the Trustee
to give it effect and appoints the Trustee as attorney-in-fact for such purpose. 

6. Optional Redemption. 

Beginning on the Initial Redemption Date, the Company shall be entitled to redeem the Notes (which includes Additional Notes,
if any) at its option, in whole or in part, upon not less than 30 nor more than 60 days’ notice, at the following redemption prices (expressed as percentages of the principal amount thereof) (subject to the right of Holders of record on the
relevant record date to receive interest due on the related interest payment date) if redeemed during the twelve-month period commencing on January 15 of the year set forth below: 

 

					
	 Year
	  	Percentage	 
	 2024
	  	 	102.313	% 
	 2025
	  	 	101.156	% 
	 2026 and thereafter
	  	 	100.000	% 

 In addition, prior to the Initial Redemption Date, the Company shall be entitled at its option
on one or more occasions to redeem Notes (which includes Additional Notes, if any) in an aggregate principal amount not to exceed 35% of the aggregate principal amount of the Notes (which includes Additional Notes, if any) originally issued at a
redemption price (expressed as a percentage of principal amount) of 104.625%, plus accrued and unpaid interest, if any, to, but excluding, the redemption date (subject to the right of Holders of record on the relevant record date to receive interest
due on the relevant interest payment date), with an amount not to exceed the net cash proceeds from one or more Equity Offerings (provided that if the Equity Offering is an offering by Holdings, a portion of the Net Cash Proceeds thereof
equal to the amount required to redeem any such Notes by the Company is contributed to the equity capital of the Company); provided, however, that: (1) at least 65% of such aggregate principal amount of Notes (which includes
Additional Notes, if any) remains outstanding immediately after the occurrence of each 

 
such redemption (other than Notes held, directly or indirectly by the Company or its Affiliates); and (2) each such redemption occurs within 90 days after the date of the related Equity
Offering. 
 Notice of any redemption upon any Equity Offering may be given prior to the completion thereof, and any such
redemption or notice may, at the Company’s discretion, be subject to the completion of the related Equity Offering. 

Prior to the Initial Redemption Date, the Company shall be entitled at its option to redeem all or a portion of the Notes at a
redemption price equal to 100% of the principal amount of the Notes plus the Applicable Premium as of, and accrued and unpaid interest, if any, to, but excluding, the redemption date (subject to the right of Holders on the relevant record date to
receive interest due on the relevant interest payment date). Notice of such redemption shall be sent to The Depository Trust Company (“DTC”), in the case of Global Notes, or mailed by first-class mail to each Holder’s
registered address in the case of certificated notes (and, to the extent permitted by applicable procedures and regulations, electronically), not less than 30 nor more than 60 days prior to the redemption date. 

7. No Mandatory Redemption. 

The Company shall not be required to make any mandatory redemption or sinking fund payments with respect to the Notes. 

8. Repurchase at Option of Holder. 

If a Change of Control occurs, each Holder will have the right to require that the Company purchase all or a portion of such
Holder’s Notes pursuant to the offer described in the Indenture (the “Change of Control Offer”), at a purchase price equal to 101% of the principal amount thereof plus accrued interest and Additional Interest, if any, to the
date of purchase. Within 30 days following the date upon which the Change of Control occurred, the Company must send in the case of Global Notes, through the facilities of DTC, and in the case of certificated notes, by first class mail, a notice to
the Trustee and each Holder, which notice shall govern the terms of the Change of Control Offer. Such notice shall state, among other things, the purchase date, which must be no earlier than 30 days nor later than 60 days from the date such notice
is mailed, other than as may be required by law (the “Change of Control Payment Date”). Holders electing to have a Note purchased pursuant to a Change of Control Offer shall be required to surrender the Note, with the form entitled
“Option of Holder to Elect Purchase” on the reverse of the Note completed, to the Paying Agent at the address specified in the notice prior to the close of business on the third Business Day prior to the Change of Control Payment Date.

 If the Company or a Restricted Subsidiary consummates any Asset Sales, under certain circumstances, the Company is
required to commence an offer to all Holders (a “Net Proceeds Offer”) pursuant to Section 3.09 of the Indenture. The Net Proceeds Offer may also be made to holders of other Senior Subordinated Debt of the Company or a
Restricted Subsidiary of the Company requiring the making of such an offer. Pursuant to the Net Proceeds Offer, the Company shall offer to purchase, on a pro rata basis, the maximum amount of Notes and, if it so elects, such other Senior
Subordinated Debt that may be purchased with the Net Proceeds Offer Amount at a price equal to 100% of their principal amount (or, in the event such other Senior 

 
Subordinated Debt was issued with significant original issue discount, 100% of the accreted value thereof) plus accrued and unpaid interest and Additional Interest thereon, if any, to the date of
purchase, in accordance with the procedures set forth in the Indenture (or, in respect of such other Senior Subordinated Debt, such lesser price, if any, as may be provided for by the terms of such Senior Subordinated Debt). To the extent that the
aggregate amount of Notes or such other Senior Subordinated Debt tendered pursuant to a Net Proceeds Offer is less than the Net Proceeds Offer Amount, the Company may use such deficiency for general corporate purposes or for any other purpose not
prohibited by the Indenture. If the aggregate principal amount of Notes or such other Senior Subordinated Debt surrendered by holders thereof exceeds the amount of Net Proceeds Offer Amount, the Company shall select the Notes to be purchased in
accordance with the depository’s procedures (based on amounts tendered). Holders of Notes that are the subject of an offer to purchase will receive a Net Proceeds Offer from the Company prior to any related purchase date and may elect to have
such Notes purchased by completing the form entitled “Option of Holder to Elect Purchase” on the reverse of the Notes. 

9. Notice of Redemption. Notice of redemption will be sent to DTC in case of Global Notes and in the case of
certificated notes mailed at least 30 days but not more than 60 days before the redemption date to each Holder whose Notes are to be redeemed at its registered address. Notes in denominations larger than $2,000 may be redeemed in part but only in
whole multiples of $1,000, unless all of the Notes held by a Holder are to be redeemed. On and after the redemption date, interest ceases to accrue on Notes or portions thereof called for redemption. 

10. Denominations, Transfer, Exchange. The Notes are in registered form without coupons in denominations of $2,000 and
integral multiples of $1,000 in excess thereof. The transfer of Notes may be registered, and Notes may be exchanged as provided in the Indenture. The Registrar and the Trustee may require a Holder, among other things, to furnish appropriate
endorsements and transfer documents, and the Company may require a Holder to pay any taxes and fees required by law or permitted by the Indenture. The Company need not exchange or register the transfer of any Note or portion of a Note selected for
redemption, except for the unredeemed portion of any Note being redeemed in part. Also, the Company need not exchange or register the transfer of any Notes during a period beginning at the opening of business 15 days before the day of the
mailing of notice of redemption and ending at the close of business on such day or during the period between a record date and the next succeeding Interest Payment Date. 

11. Persons Deemed Owners. The registered Holder of a Note may be treated as its owner for all purposes. 

12. Amendment, Supplement and Waiver. Subject to certain exceptions, the Indenture, the Guarantees or the Notes may be
amended or supplemented with the consent of the Holders of at least a majority in principal amount of the then-outstanding Notes, if any, voting as a single class, and any existing default or compliance with any provision of the Indenture, the
Guarantees or the Notes may be waived with the consent of the Holders of a majority in principal amount of the then-outstanding Notes, if any, voting as a single class. Without the consent of any Holder, the Indenture, the Guarantees or the Notes
may be amended or supplemented to cure any ambiguity, defect or inconsistency, to provide for uncertificated Notes in addition to or in place of certificated Notes or to alter the provisions of Article 2 of the Indenture or the Appendix to the
Indenture relating to the form of the Notes (including the related definitions) in a manner that does 

 
not materially adversely affect any Holder, to provide for the assumption of the Company’s, Holdings’ or any Guarantor’s obligations to Holders by a successor to the Company,
Holdings or a Guarantor pursuant to Section 5.01 of the Indenture, to make any change that would provide any additional rights or benefits to the Holders or that does not adversely affect the legal rights under the Indenture of any such Holder,
to comply with the requirements of the SEC in order to effect or maintain the qualification of the Indenture under the Trust Indenture Act, to provide for the issuance of Notes issued after the Issue Date in accordance with the limitations set forth
in the Indenture, to allow any Guarantor to execute a supplemental indenture to the Indenture and/or a Guarantee with respect to the Notes to provide for the issuance of Exchange Notes or Private Exchange Notes, to conform the text of the Indenture,
the Guarantees or the Notes to any provision in the Description of Notes or to the extent that such provision in the Description of Notes was intended to be a verbatim recitation of a provision in the Indenture, the Guarantees or the Notes. 

13. Defaults and Remedies. Events of Default include: (i) the failure to pay interest or Additional Interest, if
any, on any Notes when the same becomes due and payable if the default continues for a period of 30 days (whether or not such payment shall be prohibited by Article 10 or Article 12 of the Indenture); (ii) the failure to pay the
principal on any Notes when such principal becomes due and payable, at maturity, upon redemption or otherwise (including the failure to make a payment to purchase Notes tendered pursuant to a Change of Control Offer or a Net Proceeds Offer on the
date specified for such payment in the applicable offer to purchase) (whether or not such payment shall be prohibited by Article 10 or Article 12 of the Indenture); (iii) a default in the observance or performance of any other
covenant or agreement contained in the Indenture if the default continues for a period of 60 days (or 180 days in the case of the covenant described under Section 4.03 of the Indenture) after the Company receives written notice specifying the
default (and demanding that such default be remedied) from the Trustee or the Holders of at least 25% of the outstanding principal amount of the Notes (except in the case of a default with respect to Section 5.01 of the Indenture, which will
constitute an Event of Default with such notice requirement but without such passage of time requirement); (iv) the failure to pay at final stated maturity (giving effect to any applicable grace periods and any extensions thereof) the principal
amount of any Indebtedness of the Company or any Significant Subsidiary of the Company (other than a Securitization Entity), or the acceleration of the final stated maturity of any such Indebtedness, if the aggregate principal amount of such
Indebtedness, together with the principal amount of any other such Indebtedness in default for failure to pay principal at final maturity or which has been accelerated, aggregates $50.0 million or more at any time; (v) one or more
judgments in an aggregate amount in excess of $50.0 million shall have been rendered against the Company or any of its Significant Subsidiaries and such judgments remain undischarged, unpaid or unstayed for a period of 60 days after such
judgment or judgments become final and non-appealable; and (vi) certain events of bankruptcy affecting the Company or any of its Significant Subsidiaries. If an Event of Default (other than an Event of
Default specified in clause (vi) above with respect to the Company) occurs and is continuing, the Trustee or the Holders of at least 25% in principal amount of the then-outstanding Notes may declare all the Notes to be due and payable.
Notwithstanding the foregoing, in the case of an Event of Default arising from certain events of bankruptcy with respect to the Company or any of its Significant Subsidiaries, all outstanding Notes will become due and payable without further action
or notice. Holders may not enforce the Indenture or the Notes except as provided in the Indenture and the Trust Indenture Act. Subject to certain limitations, Holders of a majority in principal amount of the then outstanding Notes may direct the
Trustee in its exercise of any trust or power. The Trustee may withhold from 

 
Holders notice of any continuing Default or Event of Default (except a Default or Event of Default relating to the payment of principal or interest or Additional Interest) if it determines that
withholding notice is in their interest. The Holders of a majority in aggregate principal amount of the Notes then outstanding, by notice to the Trustee, may, on behalf of the Holders of all of the Notes, waive any existing Default or Event of
Default and its consequences under the Indenture except a continuing Default or Event of Default in the payment of interest (including Additional Interest, if any) on, or the principal of, the Notes. The Company is required to deliver to the Trustee
annually a statement regarding compliance with the Indenture, and the Company is required, upon becoming aware of any Default or Event of Default, to deliver to the Trustee a statement specifying such Default or Event of Default. 

14. Guarantee. The payment by the Company of the principal of, and premium and interest (including Additional Interest,
if any) on, the Notes is fully and unconditionally guaranteed on a joint and several senior subordinated basis by Holdings and each of the Guarantors. 

15. Trustee Dealings with Company. The Trustee, in its individual or any other capacity, may make loans to, accept
deposits from, and perform services for the Company or its Affiliates, and may otherwise deal with the Company or its Affiliates, as if it were not the Trustee. 

16. No Recourse Against Others. A past, present or future director, officer, employee, incorporator or stockholder of
Holdings, the Company or any Guarantor (other than the Company, Holdings or any Guarantor), as such, shall not have any liability for any obligations of Holdings, the Company or such Guarantor under the Notes, the Guarantees or the Indenture or for
any claim based on, in respect of, or by reason of, such obligations or their creation. Each Holder, by accepting a Note, waives and releases all such liability. The waiver and release are part of the consideration for the issuance of the Notes.

 17. Authentication. This Note shall not be valid until authenticated by the manual, electronic or facsimile
signature of the Trustee or an authenticating agent. 
 18. Abbreviations. Customary abbreviations may be used in the
name of a Holder or an assignee, such as: TEN COM (= tenants in common), TEN ENT (= tenants by the entireties), JT TEN (= joint tenants with right of survivorship and not as tenants in common), CUST (=Custodian), and U/G/M/A (= Uniform Gifts to
Minors Act). 
 19. Additional Rights of Holders of Restricted Global Notes and Restricted Definitive Notes. In
addition to the rights provided to Holders under the Indenture, Holders shall have all the rights set forth in the Registration Rights Agreement dated as of January 20, 2021, as amended and supplemented from time to time in accordance with the
terms thereof (the “Registration Rights Agreement”), among the Company, Holdings, the Guarantors party thereto and Goldman Sachs & Co. LLC and Morgan Stanley & Co. LLC, as representatives of the initial purchasers
of the Initial Notes. Each Holder, by acceptance hereof, acknowledges and agrees to the provisions of the Registration Rights Agreement, including the obligations of the Holders with respect to a registration and the indemnification of the Company
and other named persons to the extent provided therein. 

 20. CUSIP and ISIN Numbers. Pursuant to a recommendation promulgated
by the Committee on Uniform Security Identification Procedures, the Company has caused CUSIP and ISIN numbers to be printed on the Notes, and the Trustee may use CUSIP or ISIN numbers in notices of redemption as a convenience to Holders. No
representation is made as to the accuracy of such numbers either as printed on the Notes or as contained in any notice of redemption, and reliance may be placed only on the other identification numbers placed thereon. 

The Company will furnish to any Holder, upon written request and without charge, a copy of the Indenture and/or the
Registration Rights Agreement. Requests may be made to: 
 TransDigm Inc. 

1301 East 9th Street, Suite 3000 

Cleveland, OH 44114 

Attention: Chief Financial Officer 

 ASSIGNMENT FORM 

To assign this Note, fill in the form below: 

I or we assign and transfer this Note to 

Assignee’s Legal Name, Address, and Zip Code 

Assignee’s soc. sec. or tax I.D. No. 

and irrevocably appoint
                     agent to transfer this Note on the books of the Company. The agent may substitute another to act for him. 

 

							
	  

	 Date:
	 	  
	  	 Your Signature:
	  	  

	  

 Sign exactly as your name appears on the other side of this Note. 

In connection with any transfer of any of the Notes evidenced by this certificate occurring prior to the expiration of the period referred to
in Rule 144 under the Securities Act after the later of the date of original issuance of such Notes and the last date, if any, on which such Notes were owned by the Company or any Affiliate of the Company, the undersigned confirms
that such Notes are being transferred in accordance with its terms: 
 CHECK ONE BOX BELOW 

 

					
	 (1)
	  	 ☐
	  	 to the Company; or

			
	 (2)
	  	 ☐
	  	 inside the United States to a “qualified institutional buyer” (as defined in Rule 144A under the Securities Act
of 1933, as amended (the “Securities Act”) that purchases for its own account or for the account of a qualified institutional buyer to whom notice is given that such transfer is being made in reliance on Rule 144A, in each case pursuant to
and in compliance with Rule 144A under the Securities Act; or

			
	 (3)
	  	 ☐
	  	 outside the United States in an offshore transaction within the meaning of Regulation S under the Securities Act in
compliance with Rule 904 under the Securities Act; or

			
	 (4)
	  	 ☐
	  	 pursuant to the exemption from registration provided by Rule 144 under the Securities Act; or

			
	 (5)
	  	 ☐
	  	 pursuant to another available exemption from registration under the Securities Act; or

			
	 (6)
	  	 ☐
	  	 pursuant to an effective registration statement under the Securities Act;

 Unless one of the boxes is checked, the Trustee will refuse to register any
of the Notes evidenced by this certificate in the name of any person other than the registered holder thereof; provided, however, that if box (3), (4) or (5) is checked, the Trustee shall be entitled to require, prior to
registering any such transfer of the Notes, such legal opinions, certifications and other information as the Company has reasonably requested to confirm that such transfer is being made pursuant to an exemption from, or in a transaction not subject
to, the registration requirements of the Securities Act of 1933, as amended, such as the exemption provided by Rule 144 under such Act. 
  

					
		 		 	  

		 		 	 Signature

	 Signature Guarantee:
	 		 	
			
	  
	 		 	  

	 Signature must be guaranteed
	 		 	 Signature

 Signatures must be guaranteed by an “eligible guarantor institution” meeting the
requirements of the Registrar, which requirements include membership or participation in the Security Transfer Agent Medallion Program (“STAMP”) or such other “signature guarantee program” as may be determined by the
Registrar in addition to, or in substitution for, STAMP, all in accordance with the Securities Exchange Act of 1934, as amended. 
  

 
 TO BE COMPLETED BY PURCHASER
IF (2) ABOVE IS CHECKED. 
 The undersigned represents and warrants that it is purchasing this Note for its own account
or an account with respect to which it exercises sole investment discretion and that it and any such account is a “qualified institutional buyer” within the meaning of Rule 144A under the Securities Act of 1933, as amended, and is
aware that the sale to it is being made in reliance on Rule 144A and acknowledges that it has received such information regarding the Company as the undersigned has requested pursuant to Rule 144A or has determined not to request such
information and that it is aware that the transferor is relying upon the undersigned’s foregoing representations in order to claim the exemption from registration provided by Rule 144A. 

 

							
	 Dated:
	 	  
	 		 	  

		 	  
	 		 	 NOTICE: To be executed by an executive officer

 SCHEDULE OF INCREASES OR DECREASES IN GLOBAL NOTE 

The following increases or decreases in this Global Note have been made: 

 

																	
	 Date of Exchange
	  	Amount of decrease
in Principal amount
of this Global Note	 	  	Amount of increase
in Principal amount
of this Global Note	 	  	Principal amount of
this Global Note
following such
decrease or increase	 	  	Signature of
authorized officer of
Trustee or Custodian
for the Notes	 
		  				  				  				  			

 OPTION OF HOLDER TO ELECT PURCHASE 

If you want to elect to have this Note purchased by the Company pursuant to Section 4.10 or 4.15 of the Indenture, check
the box: 
  

	
	 

 If you want to elect to have only part of this Note purchased by the Company pursuant to
Section 4.10 or 4.15 of the Indenture, state the amount in principal amount: $ 
  

							
	 Dated:
	 	  
	  	Your Signature:	  	  

	 	 	 	  	 	  	(Sign exactly as your name appears on the other
side of this Security.)

  

					
	 Signature Guarantee:
	  	  
	  	
		  	(Signature must be guaranteed)	  	

 Signatures must be guaranteed by an “eligible guarantor institution” meeting the requirements of the
Registrar, which requirements include membership or participation in the Security Transfer Agent Medallion Program (“STAMP”) or such other “signature guarantee program” as may be determined by the Registrar in addition to,
or in substitution for, STAMP, all in accordance with the Securities Exchange Act of 1934, as amended. 

 EXHIBIT B 

TO 
 RULE 144A/REGULATIONS
APPENDIX 
 CUSIP: 
 ISIN: 

[FORM OF FACE OF EXCHANGE NOTE 

OR PRIVATE EXCHANGE NOTE] */**/ 
  

 

	*/	 If the Note is to be issued in global form, add the Global Notes Legend from Exhibit A to
Rule 144A/Regulation S Appendix and the attachment from such Exhibit A captioned – “SCHEDULE OF INCREASES OR DECREASES IN GLOBAL NOTE”. 

	**/	 If the Note is a Private Exchange Note issued in a Private Exchange to an Initial Purchaser holding an
unsold portion of its initial allotment, add the Restricted Notes Legend from Exhibit A to Rule 144A/Regulation S Appendix and replace the Assignment Form included in this Exhibit B with the Assignment Form included in
such Exhibit A. 

 TRANSDIGM INC. 

 

			
	No.	  	$                

 4.625% SENIOR SUBORDINATED NOTES DUE 2029 

TRANSDIGM INC., a Delaware corporation, promises to pay to “Cede & Co.”, or registered assigns, the
principal sum of [                ] ($[                ]) on January 15, 2029. 

Interest Payment Dates: January 15 and July 15. 

Record Dates: January 1 and July 1. 

Dated: [                ]. 

Reference is made to the further provisions of this Note contained herein, which will for all purposes have the same effect as
if set forth at this place. 

 Dated: 

TRANSDIGM INC., 
  

							
	             
	 	 By:
	 		 	  

	 	 	 	 	 	 	 Name:

	 	 	 	 	 	 	 Title:

				
		 	 By:
	 		 	  

	 	 	 	 	 	 	 Name:

	 	 	 	 	 	 	 Title:

 TRUSTEE’S CERTIFICATE OF AUTHENTICATION 

THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A., 

as Trustee, certifies that this is one of the Notes referred to 

in the within-mentioned Indenture. 
  

							
	             
	 	 By:
	 	  

	 	 	 	 	Authorized Signatory
	 	 	 	 	 Dated:
	 	 

 [FORM OF REVERSE SIDE OF EXCHANGE NOTE OR PRIVATE EXCHANGE NOTE] 

4.625% SENIOR SUBORDINATED NOTES DUE 2029 

Capitalized terms used herein shall have the meanings assigned to them in the Indenture referred to below unless otherwise
indicated. 
 1. Interest. TransDigm Inc., a Delaware corporation (such corporation, and its successors and
assigns under the Indenture, being herein called the “Company”), promises to pay interest on the principal amount of this Note at 4.625% per annum from January 20, 2021 until maturity; provided that, if a Registration
Default (as defined in the Registration Rights Agreement) occurs, additional interest (the “Additional Interest”) of $0.05 per week per $1,000 principal amount of the Transfer Restricted Notes will accrue on the Transfer Restricted
Notes for the first 90-day period immediately following the occurrence of a Registration Default (increasing by an additional $0.05 per week per $1,000 principal amount of the Transfer Restricted Notes with
respect to each subsequent 90-day period until all Registration Defaults have been cured, up to a maximum additional interest rate of 1.00% per annum). The Company shall pay interest and Additional Interest
semi-annually on January 15 and July 15 of each year, or if any such day is not a Business Day, on the next succeeding Business Day (each an “Interest Payment Date”). Interest on the Notes will accrue from the most recent
date to which interest has been paid or, if no interest has been paid, from the date of issuance; provided that, if there is no existing Default in the payment of interest, and if this Note is authenticated after January 20, 2021
and between a record date referred to on the face hereof and the next succeeding Interest Payment Date, interest shall accrue from such next succeeding Interest Payment Date; provided, further, that the first Interest Payment Date
shall be July 15, 2021. The Company shall pay interest (including post-petition interest in any proceeding under any Bankruptcy Law) on overdue principal and premium, if any, from time to time on demand at a rate that is equal to the
interest rate on the Note then in effect; it shall pay interest (including post-petition interest in any proceeding under any Bankruptcy Law) on overdue installments of interest and Additional Interest (without regard to any applicable grace
periods) from time to time on demand at the same rate to the extent lawful. Interest will be computed on the basis of a 360-day year of twelve 30-day months. 

2. Method of Payment. The Company will pay interest on the Notes (except defaulted interest) and Additional Interest,
if any, to the Persons who are registered Holders at the close of business on the January 1 or July 1 preceding the Interest Payment Date, even if such Notes are canceled after such record date and on or before such Interest Payment Date,
except as provided in Section 2.12 of the Indenture with respect to defaulted interest. The Notes will be payable as to principal, premium and interest and Additional Interest, if any, at the office or agency of the Company maintained for such
purpose within or without the City and State of New York, or, at the option of the Company, payment of interest and Additional Interest, if any, may be made by check mailed to the Holders at their addresses set forth in the register of Holders;
provided that payment by wire transfer of immediately available funds will be required with respect to principal of and interest, premium and Additional Interest, if any, on, all Global Notes and all other Notes the Holders of which shall
have provided wire transfer instructions to the Company or the Paying Agent. Such payment shall be in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts. 

 3. Paying Agent and Registrar. Initially, The Bank of New York Mellon
Trust Company, N.A., the Trustee under the Indenture, will act as Paying Agent and Registrar. The Company may change any Paying Agent or Registrar without notice to any Holder. The Company or any of its Subsidiaries may act in any such
capacity. 
 4. Indenture. The Company issued the Notes under an Indenture dated as of January 20, 2021 (the
“Indenture”) among the Company, Holdings, the Guarantors party thereto and The Bank of New York Mellon Trust Company, N.A., as Trustee (the “Trustee”). The terms of the Notes include those stated in the
Indenture and those made part of the Indenture by reference to the Trust Indenture Act of 1939, as amended (15 U.S. Code §§ 77aaa-77bbbb). The Notes are subject to all such terms, and Holders are referred to the Indenture and such Act for
a statement of such terms. To the extent any provision of this Note conflicts with the express provisions of the Indenture, the provisions of the Indenture shall govern and be controlling. The Notes are obligations of the Company. 

5. Subordination. The Notes are subordinated to Senior Debt of the Company, as defined in the Indenture. To the extent
provided in the Indenture, Senior Debt of the Company must be paid before the Notes may be paid. The Company agrees, and each Holder, by accepting a Note, agrees, to the subordination provisions contained in the Indenture and authorizes the Trustee
to give it effect and appoints the Trustee as attorney-in-fact for such purpose. 

6. Optional Redemption. 

Beginning on the Initial Redemption Date, the Company shall be entitled to redeem the Notes (which includes Additional Notes,
if any) at its option, in whole or in part, upon not less than 30 nor more than 60 days’ notice, at the following redemption prices (expressed as percentages of the principal amount thereof) (subject to the right of Holders of record on the
relevant record date to receive interest due on the related interest payment date) if redeemed during the twelve-month period commencing on January 15 of the year set forth below: 

 

					
	 Year
	  	Percentage	 
	 2024
	  	 	102.313	% 
	 2025
	  	 	101.156	% 
	 2026 and thereafter
	  	 	100.000	% 

 In addition, prior to the Initial Redemption Date, the Company shall be entitled at its option
on one or more occasions to redeem Notes (which includes Additional Notes, if any) in an aggregate principal amount not to exceed 35% of the aggregate principal amount of the Notes (which includes Additional Notes, if any) originally issued at a
redemption price (expressed as a percentage of principal amount) of 104.625%, plus accrued and unpaid interest, if any, to, but excluding, the redemption date (subject to the right of Holders of record on the relevant record date to receive interest
due on the relevant interest payment date), with an amount not to exceed the net cash proceeds from one or more Equity Offerings (provided that if the Equity Offering is an offering by Holdings, a portion of the Net Cash Proceeds thereof
equal to the amount required to redeem any such Notes by the Company is contributed to the equity capital of the Company); provided, however, that: (1) at least 65% of such aggregate principal amount of Notes (which includes
Additional Notes, if any) remains outstanding immediately after the occurrence of each 

 
such redemption (other than Notes held, directly or indirectly by the Company or its Affiliates); and (2) each such redemption occurs within 90 days after the date of the related Equity
Offering. 
 Notice of any redemption upon any Equity Offering may be given prior to the completion thereof, and any such
redemption or notice may, at the Company’s discretion, be subject to the completion of the related Equity Offering. 

Prior to the Initial Redemption Date, the Company shall be entitled at its option to redeem all or a portion of the Notes at a
redemption price equal to 100% of the principal amount of the Notes plus the Applicable Premium as of, and accrued and unpaid interest, if any, to, but excluding, the redemption date (subject to the right of Holders on the relevant record date to
receive interest due on the relevant interest payment date). Notice of such redemption shall be sent to The Depository Trust Company (“DTC”), in the case of Global Notes, or mailed by first-class mail to each Holder’s
registered address in the case of certificated notes (and, to the extent permitted by applicable procedures and regulations, electronically), not less than 30 nor more than 60 days prior to the redemption date. 

7. No Mandatory Redemption. 

The Company shall not be required to make any mandatory redemption or sinking fund payments with respect to the Notes. 

8. Repurchase at Option of Holder. 

If a Change of Control occurs, each Holder will have the right to require that the Company purchase all or a portion of such
Holder’s Notes pursuant to the offer described in the Indenture (the “Change of Control Offer”), at a purchase price equal to 101% of the principal amount thereof plus accrued interest and Additional Interest, if any, to the
date of purchase. Within 30 days following the date upon which the Change of Control occurred, the Company must send in the case of Global Notes, through the facilities of DTC, and in the case of certificated notes, by first class mail, a notice to
the Trustee and each Holder, which notice shall govern the terms of the Change of Control Offer. Such notice shall state, among other things, the purchase date, which must be no earlier than 30 days nor later than 60 days from the date such notice
is mailed, other than as may be required by law (the “Change of Control Payment Date”). Holders electing to have a Note purchased pursuant to a Change of Control Offer shall be required to surrender the Note, with the form entitled
“Option of Holder to Elect Purchase” on the reverse of the Note completed, to the Paying Agent at the address specified in the notice prior to the close of business on the third Business Day prior to the Change of Control Payment Date.

 If the Company or a Restricted Subsidiary consummates any Asset Sales, under certain circumstances, the Company is
required to commence an offer to all Holders (a “Net Proceeds Offer”) pursuant to Section 3.09 of the Indenture. The Net Proceeds Offer may also be made to holders of other Senior Subordinated Debt of the Company or a
Restricted Subsidiary of the Company requiring the making of such an offer. Pursuant to the Net Proceeds Offer, the Company shall offer to purchase, on a pro rata basis, the maximum amount of Notes and, if it so elects, such other Senior
Subordinated Debt that may be purchased with the Net Proceeds Offer Amount at a price equal to 100% of their principal amount (or, in the event such other Senior 

 
Subordinated Debt was issued with significant original issue discount, 100% of the accreted value thereof) plus accrued and unpaid interest and Additional Interest thereon, if any, to the date of
purchase, in accordance with the procedures set forth in the Indenture (or, in respect of such other Senior Subordinated Debt, such lesser price, if any, as may be provided for by the terms of such Senior Subordinated Debt). To the extent that the
aggregate amount of Notes or such other Senior Subordinated Debt tendered pursuant to a Net Proceeds Offer is less than the Net Proceeds Offer Amount, the Company may use such deficiency for general corporate purposes or for any other purpose not
prohibited by the Indenture. If the aggregate principal amount of Notes or such other Senior Subordinated Debt surrendered by holders thereof exceeds the amount of Net Proceeds Offer Amount, the Company shall select the Notes to be purchased in
accordance with the depository’s procedures (based on amounts tendered). Holders of Notes that are the subject of an offer to purchase will receive a Net Proceeds Offer from the Company prior to any related purchase date and may elect to have
such Notes purchased by completing the form entitled “Option of Holder to Elect Purchase” on the reverse of the Notes. 

9. Notice of Redemption. Notice of redemption will be sent to DTC in case of Global Notes and in the case of
certificated notes mailed at least 30 days but not more than 60 days before the redemption date to each Holder whose Notes are to be redeemed at its registered address. Notes in denominations larger than $2,000 may be redeemed in part but only in
whole multiples of $1,000, unless all of the Notes held by a Holder are to be redeemed. On and after the redemption date, interest ceases to accrue on Notes or portions thereof called for redemption. 

10. Denominations, Transfer, Exchange. The Notes are in registered form without coupons in denominations of $2,000 and
integral multiples of $1,000 in excess thereof. The transfer of Notes may be registered, and Notes may be exchanged as provided in the Indenture. The Registrar and the Trustee may require a Holder, among other things, to furnish appropriate
endorsements and transfer documents, and the Company may require a Holder to pay any taxes and fees required by law or permitted by the Indenture. The Company need not exchange or register the transfer of any Note or portion of a Note selected for
redemption, except for the unredeemed portion of any Note being redeemed in part. Also, the Company need not exchange or register the transfer of any Notes during a period beginning at the opening of business 15 days before the day of the
mailing of notice of redemption and ending at the close of business on such day or during the period between a record date and the next succeeding Interest Payment Date. 

11. Persons Deemed Owners. The registered Holder of a Note may be treated as its owner for all purposes. 

12. Amendment, Supplement and Waiver. Subject to certain exceptions, the Indenture, the Guarantees or the Notes may be
amended or supplemented with the consent of the Holders of at least a majority in principal amount of the then-outstanding Notes, if any, voting as a single class, and any existing default or compliance with any provision of the Indenture, the
Guarantees or the Notes may be waived with the consent of the Holders of a majority in principal amount of the then-outstanding Notes, if any, voting as a single class. Without the consent of any Holder, the Indenture, the Guarantees or the Notes
may be amended or supplemented to cure any ambiguity, defect or inconsistency, to provide for uncertificated Notes in addition to or in place of certificated Notes or to alter the provisions of Article 2 of the Indenture or the Appendix to the
Indenture relating to the form of the Notes (including the related definitions) in a manner that does 

 
not materially adversely affect any Holder, to provide for the assumption of the Company’s, Holdings’ or any Guarantor’s obligations to Holders by a successor to the Company,
Holdings or a Guarantor pursuant to Section 5.01 of the Indenture, to make any change that would provide any additional rights or benefits to the Holders or that does not adversely affect the legal rights under the Indenture of any such Holder,
to comply with the requirements of the SEC in order to effect or maintain the qualification of the Indenture under the Trust Indenture Act, to provide for the issuance of Notes issued after the Issue Date in accordance with the limitations set forth
in the Indenture, to allow any Guarantor to execute a supplemental indenture to the Indenture and/or a Guarantee with respect to the Notes to provide for the issuance of Exchange Notes or Private Exchange Notes, to conform the text of the Indenture,
the Guarantees or the Notes to any provision in the Description of Notes or to the extent that such provision in the Description of Notes was intended to be a verbatim recitation of a provision in the Indenture, the Guarantees or the Notes. 

13. Defaults and Remedies. Events of Default include: (i) the failure to pay interest or Additional Interest, if
any, on any Notes when the same becomes due and payable if the default continues for a period of 30 days (whether or not such payment shall be prohibited by Article 10 or Article 12 of the Indenture); (ii) the failure to pay the
principal on any Notes when such principal becomes due and payable, at maturity, upon redemption or otherwise (including the failure to make a payment to purchase Notes tendered pursuant to a Change of Control Offer or a Net Proceeds Offer on the
date specified for such payment in the applicable offer to purchase) (whether or not such payment shall be prohibited by Article 10 or Article 12 of the Indenture); (iii) a default in the observance or performance of any other
covenant or agreement contained in the Indenture if the default continues for a period of 60 days (or 180 days in the case of the covenant described under Section 4.03 of the Indenture) after the Company receives written notice specifying the
default (and demanding that such default be remedied) from the Trustee or the Holders of at least 25% of the outstanding principal amount of the Notes (except in the case of a default with respect to Section 5.01 of the Indenture, which will
constitute an Event of Default with such notice requirement but without such passage of time requirement); (iv) the failure to pay at final stated maturity (giving effect to any applicable grace periods and any extensions thereof) the principal
amount of any Indebtedness of the Company or any Significant Subsidiary of the Company (other than a Securitization Entity), or the acceleration of the final stated maturity of any such Indebtedness, if the aggregate principal amount of such
Indebtedness, together with the principal amount of any other such Indebtedness in default for failure to pay principal at final maturity or which has been accelerated, aggregates $50.0 million or more at any time; (v) one or more
judgments in an aggregate amount in excess of $50.0 million shall have been rendered against the Company or any of its Significant Subsidiaries and such judgments remain undischarged, unpaid or unstayed for a period of 60 days after such
judgment or judgments become final and non-appealable; and (vi) certain events of bankruptcy affecting the Company or any of its Significant Subsidiaries. If an Event of Default (other than an Event of
Default specified in clause (vi) above with respect to the Company) occurs and is continuing, the Trustee or the Holders of at least 25% in principal amount of the then-outstanding Notes may declare all the Notes to be due and payable.
Notwithstanding the foregoing, in the case of an Event of Default arising from certain events of bankruptcy with respect to the Company or any of its Significant Subsidiaries, all outstanding Notes will become due and payable without further action
or notice. Holders may not enforce the Indenture or the Notes except as provided in the Indenture and the Trust Indenture Act. Subject to certain limitations, Holders of a majority in principal amount of the then outstanding Notes may direct the
Trustee in its exercise of any trust or power. The Trustee may withhold from 

 
Holders notice of any continuing Default or Event of Default (except a Default or Event of Default relating to the payment of principal or interest or Additional Interest) if it determines that
withholding notice is in their interest. The Holders of a majority in aggregate principal amount of the Notes then outstanding, by notice to the Trustee, may, on behalf of the Holders of all of the Notes, waive any existing Default or Event of
Default and its consequences under the Indenture except a continuing Default or Event of Default in the payment of interest (including Additional Interest, if any) on, or the principal of, the Notes. The Company is required to deliver to the Trustee
annually a statement regarding compliance with the Indenture, and the Company is required, upon becoming aware of any Default or Event of Default, to deliver to the Trustee a statement specifying such Default or Event of Default. 

14. Guarantee. The payment by the Company of the principal of, and premium and interest (including Additional Interest,
if any) on, the Notes is fully and unconditionally guaranteed on a joint and several senior subordinated basis by Holdings and each of the Guarantors. 

15. Trustee Dealings with Company. The Trustee, in its individual or any other capacity, may make loans to, accept
deposits from, and perform services for the Company or its Affiliates, and may otherwise deal with the Company or its Affiliates, as if it were not the Trustee. 

16. No Recourse Against Others. A past, present or future director, officer, employee, incorporator or stockholder of
Holdings, the Company or any Guarantor (other than the Company, Holdings or any Guarantor), as such, shall not have any liability for any obligations of Holdings, the Company or such Guarantor under the Notes, the Guarantees or the Indenture or for
any claim based on, in respect of, or by reason of, such obligations or their creation. Each Holder, by accepting a Note, waives and releases all such liability. The waiver and release are part of the consideration for the issuance of the Notes.

 17. Authentication. This Note shall not be valid until authenticated by the manual, electronic or facsimile
signature of the Trustee or an authenticating agent. 
 18. Abbreviations. Customary abbreviations may be used in the
name of a Holder or an assignee, such as: TEN COM (= tenants in common), TEN ENT (= tenants by the entireties), JT TEN (= joint tenants with right of survivorship and not as tenants in common), CUST (=Custodian), and U/G/M/A (= Uniform Gifts to
Minors Act). 
 19. Additional Rights of Holders of Restricted Global Notes and Restricted Definitive Notes. In
addition to the rights provided to Holders under the Indenture, Holders shall have all the rights set forth in the Registration Rights Agreement dated as of January 20, 2021, as amended and supplemented from time to time in accordance with the
terms thereof (the “Registration Rights Agreement”), among the Company, Holdings, the Guarantors party thereto and Goldman Sachs & Co. LLC and Morgan Stanley & Co. LLC, as representatives of the initial purchasers
of the Initial Notes. Each Holder, by acceptance hereof, acknowledges and agrees to the provisions of the Registration Rights Agreement, including the obligations of the Holders with respect to a registration and the indemnification of the Company
and other named persons to the extent provided therein. 

 20. CUSIP and ISIN Numbers. Pursuant to a recommendation promulgated
by the Committee on Uniform Security Identification Procedures, the Company has caused CUSIP and ISIN numbers to be printed on the Notes, and the Trustee may use CUSIP or ISIN numbers in notices of redemption as a convenience to Holders. No
representation is made as to the accuracy of such numbers either as printed on the Notes or as contained in any notice of redemption, and reliance may be placed only on the other identification numbers placed thereon. 

The Company will furnish to any Holder, upon written request and without charge, a copy of the Indenture and/or the
Registration Rights Agreement. Requests may be made to: 
 TransDigm Inc. 

1301 East 9th Street, Suite 3000 

Cleveland, OH 44114 

Attention: Chief Financial Officer 

 ASSIGNMENT FORM 

To assign this Note, fill in the form below: 

I or we assign and transfer this Note to 

Assignee’s Legal Name, Address, and Zip Code 

Assignee’s soc. Sec. or tax I.D. No. 

and irrevocably appoint                  agent to transfer
this Note on the books of the Company. The agent may substitute another to act for him. 
  

							
	  

				
	 Dated:
	  	  
	 	 Your Signature:
	  	  

	
	  

 (Sign exactly as your name appears on the other side of this Security.) 

 OPTION OF HOLDER TO ELECT PURCHASE 

If you want to elect to have this Note purchased by the Company pursuant to Section 4.10 or 4.15 of the Indenture,
check the box: 
  

	
	 

 If you want to elect to have only part of this Note purchased by the Company pursuant to
Section 4.10 or 4.15 of the Indenture, state the amount in principal amount: $ 
  

							
	 Dated:
	  	  
	 	 Your Signature:
	  	  

		  		 		  	 (Sign exactly as your name appears on the other side of this Security.)

  

			
	 Signature Guarantee:
	  	  

		  	(Signature must be guaranteed)

 Signatures must be guaranteed by an “eligible guarantor institution” meeting the requirements of the
Registrar, which requirements include membership or participation in the Security Transfer Agent Medallion Program (“STAMP”) or such other “signature guarantee program” as may be determined by the Registrar in addition to,
or in substitution for, STAMP, all in accordance with the Securities Exchange Act of 1934, as amended.

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