Document:

EX-10.1

 Exhibit 10.1 

EXECUTION VERSION 

Published CUSIP Numbers: 

Deal: 695157AV9 
 Revolver:
695157AW7 
 CREDIT AGREEMENT 

Dated as of June 8, 2021 

among 
 PACKAGING CORPORATION OF
AMERICA 
 as Borrower 
 and 

THE INITIAL LENDERS NAMED HEREIN 

as Initial Lenders 
 and 

MIZUHO BANK, LTD. 
 as
Administrative Agent, 
 and 

BANK OF AMERICA, N. A. 
 and 

U.S. BANK NATIONAL ASSOCIATION. 
 as
Co-Syndication Agents 
 Arranged by: 

MIZUHO BANK, LTD., 
 BOFA
SECURITIES, INC. 
 and 
 U.S.
BANK NATIONAL ASSOCIATION 
 as Joint Lead Arrangers and Bookrunners 

 TABLE OF CONTENTS 
  

							
	 ARTICLE I DEFINITIONS AND INTERPRETATION
	  	 	1	 
			
	 Section 1.01
	 	 Certain Defined Terms
	  	 	1	 
	 Section 1.02
	 	 Other Interpretive Provisions
	  	 	25	 
	 Section 1.03
	 	 Accounting Terms
	  	 	25	 
	 Section 1.04
	 	 Disclaimer and Exculpation With Respect to LIBOR and any Other Benchmark Rate
	  	 	26	 
	 Section 1.05
	 	 Letter of Credit Amounts
	  	 	26	 
	 Section 1.06
	 	 Divisions
	  	 	26	 
		
	 ARTICLE II AMOUNTS AND TERMS OF THE ADVANCES AND LETTERS OF CREDIT
	  	 	27	 
			
	 Section 2.01
	 	 The Advances and Letters of Credit
	  	 	27	 
	 Section 2.02
	 	 Making the Loans
	  	 	27	 
	 Section 2.03
	 	 Issuance of and Drawings and Reimbursement Under Letters of Credit
	  	 	29	 
	 Section 2.04
	 	 Fees
	  	 	32	 
	 Section 2.05
	 	 Optional Termination or Reduction of the Commitments
	  	 	32	 
	 Section 2.06
	 	 Repayments
	  	 	33	 
	 Section 2.07
	 	 Interest on Loans
	  	 	34	 
	 Section 2.08
	 	 Interest Rate Determination
	  	 	34	 
	 Section 2.09
	 	 Optional Conversion of Loans
	  	 	35	 
	 Section 2.10
	 	 Prepayments of Loans
	  	 	36	 
	 Section 2.11
	 	 Increased Costs
	  	 	36	 
	 Section 2.12
	 	 Illegality
	  	 	37	 
	 Section 2.13
	 	 Payments and Computations
	  	 	38	 
	 Section 2.14
	 	 Taxes
	  	 	39	 
	 Section 2.15
	 	 Sharing of Payments, Etc
	  	 	43	 
	 Section 2.16
	 	 Evidence of Debt
	  	 	44	 
	 Section 2.17
	 	 Use of Proceeds
	  	 	44	 
	 Section 2.18
	 	 Increase in the Aggregate Commitments
	  	 	45	 
	 Section 2.19
	 	 Defaulting Lenders
	  	 	46	 
	 Section 2.20
	 	 Regulation D Compensation
	  	 	48	 
	 Section 2.21
	 	 Benchmark Replacement Setting
	  	 	48	 
	 Section 2.22
	 	 The Swing Line
	  	 	50	 
	 Section 2.23
	 	 Extension of Termination Date
	  	 	53	 
		
	 ARTICLE III CONDITIONS TO EFFECTIVENESS AND LENDING
	  	 	54	 
			
	 Section 3.01
	 	 Conditions Precedent to Closing Date
	  	 	54	 
	 Section 3.02
	 	 Additional Conditions Precedent to Each Borrowing and Issuance
	  	 	55	 
	 Section 3.03
	 	 Determinations Under Sections 3.01 and 3.02
	  	 	56	 
		
	ARTICLE IV REPRESENTATIONS AND WARRANTIES	  	 	56	 
			
	 Section 4.01
	 	 Representations and Warranties of the Borrower
	  	 	56	 
		
	 ARTICLE V COVENANTS OF THE BORROWER
	  	 	59	 
			
	 Section 5.01
	 	 Affirmative Covenants
	  	 	59	 
	 Section 5.02
	 	 Negative Covenants
	  	 	63	 
	 Section 5.03
	 	 Financial Covenants
	  	 	67	 

							
		
	 ARTICLE VI EVENTS OF DEFAULT
	  	 	67	 
			
	 Section 6.01
	 	 Events of Default
	  	 	67	 
	 Section 6.02
	 	 Actions in Respect of the Letters of Credit upon Default
	  	 	69	 
		
	 ARTICLE VII THE AGENT
	  	 	70	 
			
	 Section 7.01
	 	 Authorization and Action
	  	 	70	 
	 Section 7.02
	 	 Agent’s Reliance, Etc
	  	 	70	 
	 Section 7.03
	 	 Mizuho and Affiliates
	  	 	70	 
	 Section 7.04
	 	 Lender Credit Decision
	  	 	71	 
	 Section 7.05
	 	 Indemnification
	  	 	71	 
	 Section 7.06
	 	 Successor Agent
	  	 	72	 
	 Section 7.07
	 	 Other Agents
	  	 	72	 
	 Section 7.08
	 	 Erroneous Payments
	  	 	72	 
	 Section 7.09
	 	 Certain ERISA Matters
	  	 	73	 
		
	 ARTICLE VIII MISCELLANEOUS
	  	 	74	 
			
	 Section 8.01
	 	 Amendments, Etc
	  	 	74	 
	 Section 8.02
	 	 Notices, Etc
	  	 	75	 
	 Section 8.03
	 	 No Waiver; Remedies
	  	 	76	 
	 Section 8.04
	 	 Costs and Expenses
	  	 	77	 
	 Section 8.05
	 	 Right of Set-off
	  	 	78	 
	 Section 8.06
	 	 Binding Effect
	  	 	78	 
	 Section 8.07
	 	 Assignments and Participations
	  	 	78	 
	 Section 8.08
	 	 Confidentiality
	  	 	83	 
	 Section 8.09
	 	 Governing Law
	  	 	83	 
	 Section 8.10
	 	 Execution in Counterparts; Electronic Execution of Assignments and Certain Other
Documents
	  	 	83	 
	 Section 8.11
	 	 Jurisdiction, Etc
	  	 	84	 
	 Section 8.12
	 	 No Liability of the Issuing Banks
	  	 	85	 
	 Section 8.13
	 	 Patriot Act Notice
	  	 	85	 
	 Section 8.14
	 	 Waiver of Jury Trial
	  	 	85	 
	 Section 8.15
	 	 Replacement of Lenders
	  	 	86	 
	 Section 8.16
	 	 Acknowledgment and Consent to Bail-In of Affected
Financial Institutions
	  	 	87	 
	 Section 8.17
	 	 Acknowledgement Regarding Any Supported QFCs
	  	 	87	 
	 Section 8.18
	 	 Sanctioned Lenders
	  	 	88	 

 SCHEDULES 
  

							
	 Schedule I
	 	 	-  	 	  	 Lenders and Commitments

	 Schedule I(A)
	 	 	-  	 	  	 Issuing Banks and Letter of Credit Commitments

	 Schedule I(B)
	 	 	-  	 	  	 Swing Line Commitments

	 Schedule 1.01
	 	 	-  	 	  	 Competitors

	 Schedule 2.01(b)
	 	 	-  	 	  	 Existing Letters of Credit

	 Schedule 4(n)
	 	 	-  	 	  	 Subsidiaries

	 Schedule 5.02(a)
	 	 	-  	 	  	 Existing Liens

	 Schedule 5.02(d)
	 	 	-  	 	  	 Existing Debt

	 Schedule 8.07(i)
	 	 	-  	 	  	 Voting Participants

 EXHIBITS 
  

							
	 Exhibit A
	 	 	-  	 	  	 Form of Note

	 Exhibit B
	 	 	-  	 	  	 Form of Notice of Borrowing

	 Exhibit C
	 	 	-  	 	  	 Form of Assignment and Acceptance

	 Exhibit D-1
	 	 	-  	 	  	 Form of NY Counsel Opinion

	 Exhibit D-2
	 	 	-  	 	  	 Form of General Counsel Opinion

	 Exhibit E
	 	 	-  	 	  	 Subsidiary Guaranty

	 Exhibit F (1-4)
	 	 	-  	 	  	 Forms of U.S. Tax Compliance Certificates

	 Exhibit G
	 	 	-  	 	  	 Form of Swing Line Note

 CREDIT AGREEMENT 

Dated as of June 8, 2021 

PACKAGING CORPORATION OF AMERICA, a Delaware corporation (the “Borrower”), the banks, financial institutions and other
institutional lenders (the “Initial Lenders”) and initial issuing banks (the “Initial Issuing Banks”) listed on the signature pages hereof, MIZUHO BANK, LTD. (“Mizuho”), as Swing Line Lender and
administrative agent (in such capacity, the “Agent”) for the Lenders (as defined below), and BANK OF AMERICA, N.A. and U.S. BANK NATIONAL ASSOCIATION, as co-syndication agents, agree as follows: 

ARTICLE I 
 DEFINITIONS
AND INTERPRETATION 
 Section 1.01    Certain Defined Terms. As used in this
Agreement, the following terms shall have the following meanings (such meanings to be equally applicable to both the singular and plural forms of the terms defined): 

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

“Advance” has the meaning specified in Section 2.01(a). 

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

“Affiliate” means, as to any Person, any other Person that, directly or indirectly, controls, is controlled by or is under
common control with such Person or is a director or officer of such Person. For purposes of this definition, the term “control” (including the terms “controlling”, “controlled by” and “under common control
with”) of a Person means the possession, direct or indirect, of the power to vote 20% or more of the Voting Stock of such Person or to direct or cause the direction of the management and policies of such Person, whether through the ownership of
Voting Stock, by contract or otherwise. 
 “Agent” has the meaning specified in the introductory paragraph of this
Agreement. 
 “Agent’s Account” means the account of the Agent maintained by the Agent at Mizuho at its office at
Harborside Financial Center, 1800 Plaza 10 Jersey City, NJ 07311. 
 “Agreement” means this Credit Agreement. 

“Anti-Corruption Law” means, with respect to the Borrower or any of its Subsidiaries, any law, rule or regulation of any
jurisdiction applicable to such Person concerning or relating to bribery or corruption, including the United States Foreign Corrupt Practices Act of 1977, the UK Bribery Act 2010, and other similar anti-corruption legislation in other jurisdictions.

 “Applicable Lending Office” means, with respect to each Lender, such Lender’s Domestic Lending Office in the case
of a Base Rate Loan and such Lender’s Eurodollar Lending Office in the case of a Eurodollar Rate Loan. 

  
 1 

 “Applicable Margin” means, as of any date, a percentage per annum
determined by reference to the better of (a) the Public Debt Rating in effect on such date and (y) the Gross Leverage Ratio, in each case, as set forth below: 
  

											
	 Public Debt
 Rating

S&P/Moody’s
	  	 Gross Leverage Ratio
	  	Applicable
Margin for
Base Rate
Loans
(including
Swing Line
Loans)	 	 	Applicable
Margin for
Eurodollar
Rate Loans
and Letter of
Credit Fees	 
	 Level 1

A- or A3 or above
	  	< 1.25:1.00	  	 	0.000	% 	 	 	0.900	% 
	 Level 2

BBB+ or Baa1
	  	< 2.00: 1.00 but 3 1.25:1.00	  	 	0.000	% 	 	 	1.000	% 
	 Level 3

BBB or Baa2
	  	< 2.50: 1.00 but 3 2.00:1.00	  	 	0.100	% 	 	 	1.100	% 
	 Level 4

BBB- or Baa3
	  	< 3.25: 1.00 but 3 2.50:1.00	  	 	0.300	% 	 	 	1.300	% 
	 Level 5

BB+ or Ba1 or below
	  	3 3.25:1.00	  	 	0.500	% 	 	 	1.500	% 

 For the avoidance of doubt, any change in the Public Debt Rating shall be effective on the date thereof, and
any change in the Applicable Margin resulting from a change in the Gross Leverage Ratio shall be effective during the period commencing on the first Business Day after the delivery of a certificate pursuant to
Section 5.01(i)(1) or (2), including a calculation of the Gross Leverage Ratio, for the fiscal quarter most recently ended. 

“Applicable Percentage” means, as of any date, a percentage per annum determined by reference to the better of (a) the
Public Debt Rating in effect on such date and (b) the Gross Leverage Ratio, in each case, as set forth below: 
  

							
	 Public Debt Rating

S&P/Moody’s
	  	 Gross Leverage Ratio
	  	Applicable
Percentage	 
	 Level 1

A- or A3 or above
	  	< 1.25:1.00	  	 	0.100	% 
	 Level 2

BBB+ or Baa1
	  	< 2.00: 1.00 but 3 1.25:1.00	  	 	0.125	% 
	 Level 3

BBB or Baa2
	  	< 2.50: 1.00 but 3 2.00:1.00	  	 	0.150	% 
	 Level 4

BBB- or Baa3
	  	< 3.25: 1.00 but 3 2.50:1.00	  	 	0.200	% 
	 Level 5

BB+ or Ba1 or below
	  	3 3.25:1.00	  	 	0.250	% 

  
 2 

 For the avoidance of doubt, any change in the Public Debt Rating shall be effective on the
date thereof, and any change in the Applicable Percentage resulting from a change in the Gross Leverage Ratio shall be effective during the period commencing on the first Business Day after the delivery of a certificate pursuant to
Section 5.01(i)(1) or (2), including a calculation of the Gross Leverage Ratio, for the fiscal quarter most recently ended. 

“Approved Fund” means any Person (other than a natural person) that is (or will be) engaged in making, purchasing, holding or
otherwise investing in commercial loans and similar extensions of credit in the ordinary course of its business that is administered or managed by (a) a Lender, (b) an Affiliate of a Lender or (c) an entity or an Affiliate of an
entity that administers or manages a Lender. 
 “Arrangers” means Mizuho Bank, Ltd., BofA Securities, Inc. and U.S. Bank
National Association. 
 “Assignment and Acceptance” means an assignment and acceptance entered into by a Lender and an
Eligible Assignee, and accepted by the Agent, in substantially the form of Exhibit C hereto. 
 “Assuming
Lender” means an Assuming Revolving Lender, as defined in Section 2.18. 
 “Assumption
Agreement” has the meaning specified in Section 2.18. 
 “Available Amount” of any
Letter of Credit means, at any time, the maximum amount available to be drawn under such Letter of Credit at such time (assuming compliance at such time with all conditions to drawing). 

“Available Tenor” means, as of any date of determination and with respect to the then-current Benchmark, as applicable, any
tenor for such Benchmark or payment period for interest calculated with reference to such Benchmark, as applicable, that is or may be used for determining the length of an Interest Period pursuant to this Agreement as of such date and not including,
for the avoidance of doubt, any tenor for such Benchmark that is then-removed from the definition of “Interest Period” pursuant to Section 2.21(e). 

“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). 

“Bankruptcy Event” means, with respect to any Person, such Person becomes 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 

  
 3 

 
business appointed for it, or, in the good faith determination of the 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, so long as 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) to
reject, repudiate, disavow or disaffirm any contracts or agreements made by such Person. 
 “Base Rate” means for any day a
fluctuating rate per annum equal to the highest of (a) the Federal Funds Rate plus 0.50%, (b) the Prime Rate and (c) the Eurodollar Rate plus 1.00%. In no event shall the Base Rate be less than 0%. 

“Base Rate Loan” means a Loan that bears interest as provided in Section 2.07(a)(i). 

“Benchmark” means, initially, USD LIBOR; provided that if a Benchmark Transition Event, a Term SOFR Transition Event
or an Early Opt-in Election, as applicable, and its related Benchmark Replacement Date have occurred with respect to USD LIBOR or the then-current Benchmark, then “Benchmark” means the applicable
Benchmark Replacement to the extent that such Benchmark Replacement has replaced such prior benchmark rate pursuant to clause (a) or (b) of Section 2.21. 

“Benchmark Replacement” means, for any Available Tenor, the first alternative set forth in the order below that can be
determined by the Agent for the applicable Benchmark Replacement Date: 
  

	 	(1)	 the sum of: (a) Term SOFR and (b) the related Benchmark Replacement Adjustment;

  

	 	(2)	 the sum of: (a) Daily Simple SOFR and (b) the related Benchmark Replacement Adjustment;

  

	 	(3)	 the sum of: (a) the alternate benchmark rate that has been selected by the Agent and the Borrower as the
replacement for the then-current Benchmark for the applicable Corresponding Tenor giving due consideration to (i) any selection or recommendation of a replacement benchmark rate or the mechanism for determining such a rate by the Relevant
Governmental Body or (ii) any evolving or then-prevailing market convention for determining a benchmark rate as a replacement for the then-current Benchmark for U.S. dollar-denominated syndicated credit facilities at such time and (b) the
related Benchmark Replacement Adjustment; 

 provided that, in the case of clause (1), such Unadjusted Benchmark Replacement is
displayed on a screen or other information service that publishes such rate from time to time as selected by the Agent in its reasonable discretion and if the Agent decides that Term SOFR is not administratively feasible for the Agent, then Term
SOFR will be deemed unable to be determined for purposes of this definition; provided further that, notwithstanding anything to the contrary in this Agreement or in any other Loan Document, upon the occurrence of a Term SOFR Transition Event, and
the delivery of a Term SOFR Notice, on the applicable Benchmark Replacement Date the “Benchmark Replacement” shall revert to and shall be deemed to be the sum of (a) Term SOFR and (b) the related Benchmark Replacement Adjustment,
as set forth in clause (1) of this definition (subject to the first proviso above). If the Benchmark Replacement as determined pursuant to clause (1), (2) or (3) above would be less than the Floor, the Benchmark
Replacement will be deemed to be the Floor for the purposes of this Agreement and the other Loan Documents. 

  
 4 

 “Benchmark Replacement Adjustment” means, with respect to any replacement
of the then- current Benchmark with an Unadjusted Benchmark Replacement for any applicable Interest Period and Available Tenor for any setting of such Unadjusted Benchmark Replacement: 

 

	 	(1)	 for purposes of clauses (1) and (2) of the definition of “Benchmark Replacement,”
the first alternative set forth in the order below that can be determined by the Agent: 

  

	 	(a)	 the spread adjustment, or method for calculating or determining such spread adjustment, (which may be a
positive or negative value or zero) as of the Reference Time such Benchmark Replacement is first set for such Interest Period that has been selected or recommended by the Relevant Governmental Body for the replacement of such Benchmark with the
applicable Unadjusted Benchmark Replacement for the applicable Corresponding Tenor; 

  

	 	(b)	 the spread adjustment (which may be a positive or negative value or zero) as of the Reference Time such
Benchmark Replacement is first set for such Interest Period that would apply to the fallback rate for a derivative transaction referencing the ISDA Definitions to be effective upon an index cessation event with respect to such Benchmark for the
applicable Corresponding Tenor; and 

  

	 	(2)	 for purposes of clause (3) of the definition of “Benchmark Replacement,” the spread
adjustment, or method for calculating or determining such spread adjustment, (which may be a positive or negative value or zero) that has been selected by the Agent and the Borrower for the applicable Corresponding Tenor giving due consideration to
(i) any selection or recommendation of a spread adjustment, or method for calculating or determining such spread adjustment, for the replacement of such Benchmark with the applicable Unadjusted Benchmark Replacement by the Relevant Governmental
Body on the applicable Benchmark Replacement Date or (ii) any evolving or then-prevailing market convention for determining a spread adjustment, or method for calculating or determining such spread adjustment, for the replacement of such
Benchmark with the applicable Unadjusted Benchmark Replacement for U.S. dollar- denominated syndicated credit facilities; 

 provided
that, in the case of clause (1) above, such adjustment is displayed on a screen or other information service that publishes such Benchmark Replacement Adjustment from time to time as selected by the Agent in its reasonable discretion.

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

  
 5 

 “Benchmark Replacement Date” means the earliest to occur of the
following events with respect to the then-current Benchmark: 
  

	 	(1)	 in the case of clause (1) or (2) of the definition of “Benchmark Transition
Event,” the later of (a) the date of the public statement or publication of information referenced therein and (b) the date on which the administrator of such Benchmark (or the published component used in the calculation thereof)
permanently or indefinitely ceases to provide all Available Tenors of such Benchmark (or such component thereof); 

  

	 	(2)	 in the case of clause (3) of the definition of “Benchmark Transition Event,” the date of
the public statement or publication of information referenced therein; or 

  

	 	(3)	 in the case of a Term SOFR Transition Event, the date that is thirty (30) days after the date a Term SOFR
Notice is provided to the Lenders and the Borrower pursuant to clause (b) of Section 2.21 or such later date specified in such notice; or 

 

	 	(4)	 in the case of an Early Opt-in Election, the sixth (6th) Business Day after the date notice of such Early Opt-in Election is provided to the Lenders, so long as the Agent has not received, by 5:00 p.m. (New York
City time) on the fifth (5th) Business Day after the date notice of such Early Opt-in Election is provided to the Lenders, written notice of objection to
such Early Opt-in Election from Lenders comprising the Required Lenders; provided however, the Agent and the Borrower may choose a later date as specified in such notice. 

For the avoidance of doubt, (i) if the event giving rise to the Benchmark Replacement Date occurs on the same day as, but earlier than, the Reference
Time in respect of any determination, the Benchmark Replacement Date will be deemed to have occurred prior to the Reference Time for such determination and (ii) the “Benchmark Replacement Date” will be deemed to have occurred in the
case of clause (1) or (2) or with respect to any Benchmark upon the occurrence of the applicable event or events set forth therein with respect to all then-current Available Tenors of such Benchmark (or the published component used in
the calculation thereof). 
 “Benchmark Transition Event” means the occurrence of one or more of the following
events with respect to the then-current Benchmark: 
  

	 	(1)	 a public statement or publication of information by or on behalf of the administrator of such Benchmark (or the
published component used in the calculation thereof) announcing that such administrator has ceased or will cease to provide all Available Tenors of such Benchmark (or such component thereof), permanently or indefinitely, provided that, at the time
of such statement or publication, there is no successor administrator that will continue to provide any Available Tenor of such Benchmark (or such component thereof); 

 

	 	(2)	 a public statement or publication of information by the regulatory supervisor for the administrator of such
Benchmark (or the published component used in the calculation thereof), the Board of Governors of the Federal Reserve System, the Federal Reserve Bank of New York, an insolvency official with jurisdiction over the administrator for such Benchmark
(or such component), a resolution authority with jurisdiction over the administrator for such Benchmark (or such component) or a court or an entity with similar insolvency or resolution authority over the administrator for such Benchmark (or such
component), which states that the administrator 

  
 6 

	 	
of such Benchmark (or such component) has ceased or will cease to provide all Available Tenors of such Benchmark (or such component thereof) permanently or indefinitely, provided that, at the
time of such statement or publication, there is no successor administrator that will continue to provide any Available Tenor of such Benchmark (or such component thereof); or 

 

	 	(3)	 a public statement or publication of information by the regulatory supervisor for the administrator of such
Benchmark (or the published component used in the calculation thereof) announcing that all Available Tenors of such Benchmark (or such component thereof) are no longer representative. 

For the avoidance of doubt, a “Benchmark Transition Event” will be deemed to have occurred with respect to any Benchmark if a public statement or
publication of information set forth above has occurred with respect to each then-current Available Tenor of such Benchmark (or the published component used in the calculation thereof). 

“Benchmark Unavailability Period” means the period (if any) (x) beginning at the time that a Benchmark
Replacement Date pursuant to clauses (1) or (2) of that definition has occurred if, at such time, no Benchmark Replacement has replaced the then-current Benchmark for all purposes hereunder and under any Loan Document in
accordance with Section 2.21 and (y) ending at the time that a Benchmark Replacement has replaced the then-current Benchmark for all purposes hereunder and under any Loan Document in accordance with
Section 2.21. 
 “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. 
 “Board” means the Board of Governors of the Federal Reserve System of the United States of America. 

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

“Borrower Information” has the meaning specified in Section 8.08. 

“Borrowing” means a group of Advances of the same Type made, Converted from a different Type into such Type or continued for
a new Interest Period on the same date by each of the Lenders and, in the case of Advances bearing interest based upon the Eurodollar Rate, having the same Interest Period. 

“Business Day” means a day of the year on which the Federal Reserve Banks or the banks in New York City are not required
or authorized by law to close and, if the applicable Business Day relates to any Eurodollar Rate Loans, on which dealings are carried on in the London interbank market. 

“Cash Equivalents” shall mean (a) marketable direct obligations issued or unconditionally guaranteed by the United
States or Canada, maturing within one year from the date of acquisition thereof, (b) commercial paper or other short term securities maturing no more than one year from the date of acquisition thereof and currently having a rating not lower
than A- 2 by S&P or P- 2 by Moody’s, (c) certificates of deposit, term deposits or bankers’ acceptances, maturing no more than one year from the date
of acquisition thereof, issued (i) by commercial banks incorporated under the laws of, or carrying on business in, the United States or Canada and having a senior unsecured rating not lower than A- by
S&P or A3 by Moody’s or the equivalent thereof by a nationally recognized rating agency or (ii) by any of the Lenders or by parent banks of the Lenders or the respective branches of either, (d) repurchase obligations

  
 7 

 
of any Lender or of any commercial bank, having a term of not more than 30 days, with respect to securities issued or fully guaranteed or insured by the United States Government or any agency or
instrumentality thereof, (e) securities with maturities of one year or less from the date of acquisition issued or fully guaranteed by any state, province, commonwealth or territory of the United States or Canada, by any political subdivision
or taxing authority of any such state, province, commonwealth or territory or by any foreign government, the securities of which state, province, commonwealth, territory, political subdivision, taxing authority or foreign government (as the case may
be) are rated not lower A- by S&P or the equivalent rating by another nationally recognized rating agency, (f) securities with maturities of one year or less from the date of acquisition backed by
standby letters of credit issued by any Lender or any commercial bank or an Affiliate thereof that is rated not lower A- by S&P or the equivalent rating by another nationally recognized rating agency,
(g) other marketable securities with maturities of one year or less from the date of acquisition and at the time of acquisition having a rating not lower than A- by S&P, A3 by Moody’s or the
equivalent thereof by a nationally recognized rating agency and (h) mutual funds that invest solely in one or more of the investments described in clauses (a) through (g) above. 

“Change in Control” means any of (i) any Person or two or more Persons acting in concert shall have acquired beneficial
ownership (within the meaning of Rule 13d-3 of the Securities and Exchange Commission under the Securities Exchange Act of 1934), directly or indirectly, of Voting Stock of the Borrower (or other
securities convertible into such Voting Stock) representing 35% or more of the combined voting power of all Voting Stock of the Borrower; or (ii) any Person or two or more Persons acting in concert shall have acquired by contract or otherwise,
or shall have entered into a contract or arrangement that, upon consummation, will result in its or their acquisition of the power to exercise, directly or indirectly, a controlling influence over the management or policies of the Borrower; or
(iii) a “change in control” or similar event shall occur as provided in any instrument or agreement governing Debt of the Borrower, to the extent the principal amount of the Debt outstanding thereunder exceeds $75,000,000. 

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

“Closing Date” means the time and Business Day on which the conditions set forth in Section 3.01
are satisfied. 
 “Commitment” means, as to each Lender, the Revolving Credit Commitment of such Lender, the Letter of
Credit Commitment of such Lender and/or the Swing Line Commitment of such Lender. 
 “Competitors” means those Persons set
forth on Schedule 1.01, as such schedule may be updated from time to time in accordance with the terms set forth therein. 

“Consolidated” refers to the consolidation of accounts in accordance with GAAP. 

  
 8 

 “Consolidated EBITDA” means, for any period, the total for such period of
the Borrower and its Subsidiaries determined on a Consolidated basis of (a) net income (or net loss) plus (b) to the extent deducted in determining such net income (or net loss), (i) interest expense, (ii) income tax
expense, (iii) depletion and depreciation expense, (iv) amortization expense, (v) non-cash losses, expenses or charges and (vi) non-operating pension
expense minus (c) to the extent included in determining such net income (or net loss), (i) non-cash gains and (ii) non-operating pension income. 

“Consolidated Funded Debt” means, as of any date of determination and without duplication, all Debt of the Borrower and
its Subsidiaries determined on a Consolidated basis (but excluding Debt in respect Hedge Agreements where such Debt is not yet due and payable). 

“Consolidated Net Tangible Assets” means, as of any date, the total assets shown on the balance sheet of the Borrower and its
Subsidiaries, determined on a Consolidated basis in accordance with GAAP less (a) all current liabilities and minority interests and (b) goodwill and other identifiable intangibles. 

“Conversion”, “Convert” and “Converted” each refers to a conversion of Loans of one Type
into Loans of the other Type pursuant to Section 2.08 or 2.09. 
 “Corresponding Tenor”
with respect to any Available Tenor means, as applicable, either a tenor (including overnight) or an interest payment period having approximately the same length (disregarding business day adjustment) as such Available Tenor. 

“Covered Entity” has the meaning specified in Section 8.17(b). 

“Daily Simple SOFR” means, for any day, SOFR, with the conventions for this rate (which will include a lookback) being
established by the Agent in accordance with the conventions for this rate selected or recommended by the Relevant Governmental Body for determining “Daily Simple SOFR” for syndicated business loans; provided, that if the Agent decides that
any such convention is not administratively feasible for the Agent, then the Agent may establish another convention in its reasonable discretion. 

“Debt” of any Person means, without duplication, (a) all indebtedness of such Person for borrowed money, (b) all
obligations of such Person for the deferred purchase price of property or services, (c) all obligations of such Person evidenced by notes, bonds, debentures or other similar instruments, (d) all obligations of such Person created or
arising under any conditional sale or other title retention agreement with respect to property acquired by such Person (even though the rights and remedies of the seller or lender under such agreement in the event of default are limited to
repossession or sale of such property), (e) all obligations of such Person as lessee under leases that have been or should be, in accordance with GAAP (subject to Section 1.03), recorded as capital leases, (f) all
obligations, contingent or otherwise, of such Person in respect of acceptances, letters of credit or similar extensions of credit (excluding commercial letters of credit and letters of credit issued to support worker’s compensation or insurance
obligations), (g) all net obligations of such Person in respect of Hedge Agreements, (h) all Invested Amounts, (i) all Debt of others referred to in clauses (a) through (h) above or
clause (j) below (collectively, “Guaranteed Debt”) guaranteed directly or indirectly in any manner by such Person, or in effect guaranteed directly or indirectly by such Person through an agreement
(1) to pay or purchase such Guaranteed Debt or to advance or supply funds for the payment or purchase of such Guaranteed Debt, (2) to purchase, sell or lease (as lessee or lessor) property, or to purchase or sell services, primarily for
the purpose of enabling the debtor to make payment of such Guaranteed Debt or to assure the holder of such Guaranteed Debt against loss, (3) to supply funds to or in any other manner invest in the debtor (including any agreement to pay for
property or services irrespective of whether such property is received or such services are rendered) or (4) otherwise to assure a creditor against loss, and 

  
 9 

 
(j) all Debt referred to in clauses (a) through (i) above (including Guaranteed Debt) secured by (or for which the holder of such Debt has an
existing right, contingent or otherwise, to be secured by) any Lien on property (including accounts and contract rights) owned by such Person, even though such Person has not assumed or become liable for the payment of such Debt; provided
that (i) “Debt” shall not include obligations under trade payables, accrued expenses and other current liabilities (other than as described in clause (a) or (c) above) incurred by any Person in accordance with
its customary practices and in the ordinary course of business; (ii) the amount of any Guaranteed Debt shall be deemed to be the lesser of the face amount of such Guaranteed Debt and the maximum liability of such Person in respect of such
Guaranteed Debt; and (iii) the amount of any Debt for which such Person has no personal liability but that is secured by a Lien on property of such Person shall be deemed to be the lesser of the face amount of such Debt and the fair market
value of the property subject to such Lien. 
 “Default” means any Event of Default or any event that would constitute an
Event of Default but for the requirement that notice be given or time elapse or both. 
 “Default Interest” has the meaning
set forth in Section 2.07(b). 
 “Defaulting Lender” means any Lender that (a) has failed,
within two Business Days of the date required to be funded or paid, to (i) fund any portion of its Loans, (ii) fund any portion of its participations in Letters of Credit or Swing Line Loans or (iii) pay over to any Lender Party any
other amount required to be paid by it hereunder, unless, in the case of clause (i) above, such Lender notifies the 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 any Lender Party in writing, or has made a public statement to the effect, that it does not
intend or expect to comply with any of its funding obligations under this Agreement (unless such writing or public statement 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 under this Agreement cannot be satisfied) or generally under other agreements in which it commits to extend credit, (c) has failed, within three Business
Days after request by a Lender Party, 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 and participations in then outstanding
Letters of Credit under this Agreement, provided that such Lender shall cease to be a Defaulting Lender pursuant to this clause (c) upon such Lender Party’s receipt of such certification in form and substance satisfactory to it and
the Agent, (d) has become the subject of a Bankruptcy Event or (e) become the subject of a Bail-in Action; provided that a Lender shall not be a Defaulting Lender solely by virtue of the
ownership or acquisition of any equity interest in that Lender or any direct or indirect parent company thereof by a Governmental Authority so long as such ownership interest does not result in or provide such Lender with immunity from the
jurisdiction of courts within the United States or from the enforcement of judgments or writs of attachment on its assets or permit such Lender (or such Governmental Authority) to reject, repudiate, disavow or disaffirm any contracts or agreements
made with such Lender. Any determination by the 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 2.19) as of the date established therefor by the Agent in a written notice of such determination, which
shall be delivered by the Agent to the Borrower, any Issuing Bank, the Swing Line Lender and each other Lender promptly following such determination. 

“Designated Jurisdiction” means, at any time, a country, region or territory that is the subject or target of comprehensive
Sanctions (which, as of the date of this Agreement, are Crimea, Cuba, Iran, North Korea, Sudan and Syria). 

  
 10 

 “dollars” or “$” refers to lawful money of the United
States of America. 
 “Domestic Lending Office” means, with respect to any Lender, the office of such Lender specified as
its “Domestic Lending Office” in its Administrative Questionnaire or in the Assumption Agreement or the Assignment and Acceptance pursuant to which it became a Lender, or such other office of such Lender as such Lender may from time to
time specify to the Borrower and the Agent. 
 “Early Opt-in Election” means, if
the then-current Benchmark is USD LIBOR, the occurrence of: 
 (a)    a notification by the Agent to (or
the request by the Borrower to the Agent to notify) each of the other parties hereto that at least five currently outstanding U.S. dollar-denominated syndicated credit facilities at such time contain (as a result of amendment or as originally
executed) a SOFR-based rate (including SOFR, a term SOFR or any other rate based upon SOFR) as a benchmark rate (and such syndicated credit facilities are identified in such notice and are publicly available for review), and 

(b)    the joint election by the Agent and the Borrower to trigger a fallback from USD LIBOR and the
provision by the Agent of written notice of such election to the Lenders. 
 “EEA Financial Institution” means (a) any
credit institution or investment firm established in any EEA Member Country which is subject to the supervision of an EEA Resolution Authority, (b) any entity established in an EEA Member Country which is a parent of an institution described in
clause (a) of this definition, or (c) any financial institution established in an EEA Member Country which is a subsidiary of an institution described in clause (a) or (b) of this definition and is subject to
consolidated supervision with its parent. 
 “EEA Member Country” means any of the member states of the European Union,
Iceland, Liechtenstein, and Norway. 
 “EEA Resolution Authority” means any public administrative authority or any person
entrusted with public administrative authority of any EEA Member Country (including any delegee) having responsibility for the resolution of any EEA Financial Institution. 

“Electronic Copy” has the meaning set forth in Section 8.10(b). 

“Electronic Record” has the meaning set forth in Section 8.10(b). 

“Electronic Signature” has the meaning set forth in Section 8.10(b). 

“Eligible Assignee” means (a) with respect to an assignment of the Revolving Credit Facility pursuant to
Section 8.07: (i) a Lender; (ii) an Affiliate of a Lender or an Approved Fund; (iii) a Farm Credit Lender or a commercial bank organized under the laws of the United States, or any State thereof; (iv) a
commercial bank organized under the laws of any other country that is a member of the Organization for Economic Cooperation and Development or has concluded special lending arrangements with the International Monetary Fund associated with its
General Arrangements to Borrow, or a political subdivision of any such country, so long as such bank is acting through a branch or agency located in the country in which it is organized or another country that is described in this
clause (iv); and (v) any other Person (other than a natural person or holding company, investment vehicle or trust for, or owned and operated for the primary benefit of a natural person) approved by the Agent and,
unless an Event of Default has occurred and is continuing at the time any assignment is effected in accordance with Section 8.07, the Borrower, such approvals not to be unreasonably withheld or delayed and (b) with

  
 11 

 
respect to any Increase pursuant to Section 2.18, a Person that is an Eligible Assignee under clause (a) of this definition and is approved by (A) the
Agent, the Issuing Banks and the Swing Line Lender and (B) the Borrower; provided, however, that, in each case, none of the Borrower, an Affiliate of the Borrower or a Defaulting Lender shall qualify as an Eligible Assignee. 

“Environmental Action” means any action, suit, demand, demand letter, claim, notice of
non-compliance or violation, notice of liability or potential liability, investigation, proceeding, consent order or consent agreement relating in any way to any Environmental Law, Environmental Permit or
Hazardous Materials or arising from alleged injury or threat of injury to health, safety or the environment, including (a) by any governmental or regulatory authority for enforcement, cleanup, removal, response, remedial or other actions or
damages and (b) by any governmental or regulatory authority or any third party for damages, contribution, indemnification, cost recovery, compensation or injunctive relief. 

“Environmental Law” means any federal, state, local or foreign statute, law, ordinance, rule, regulation, code, order,
judgment, decree or judicial or agency interpretation, policy or guidance relating to pollution or protection of the environment, health, safety or natural resources, including those relating to the use, handling, transportation, treatment, storage,
disposal, release or discharge of Hazardous Materials. 
 “Environmental Permit” means any permit, approval, identification
number, license or other authorization required under any Environmental Law. 
 “ERISA” means the Employee Retirement
Income Security Act of 1974. 
 “ERISA Affiliate” means any trade or business (whether or not incorporated) that, together
with the Borrower, is treated as a single employer under Section 414(b) or (c) of the Code or, solely for purposes of Section 302 of ERISA and Section 412 of the Code, is treated as a single employer under Section 414 of the
Code. 
 “ERISA Event” means (a) (i) the occurrence of a reportable event, within the meaning of
Section 4043 of ERISA, with respect to any Plan unless the 30-day notice requirement with respect to such event has been waived by the PBGC, or (ii) the requirements of subsection (1) of
Section 4043(b) of ERISA (without regard to subsection (2) of such Section) are met with respect to a contributing sponsor, as defined in Section 4001(a)(13) of ERISA, of a Plan, and an event described in paragraph (9),
(10), (11), (12) or (13) of Section 4043(c) of ERISA is reasonably expected to occur with respect to such Plan within the following 30 days; (b) the application for a minimum funding waiver with respect to a Plan; (c) the
provision by the administrator of any Plan of a notice of intent to terminate such Plan pursuant to Section 4041(a)(2) of ERISA (including any such notice with respect to a plan amendment referred to in Section 4041(e) of ERISA);
(d) the cessation of operations at a facility of the Borrower or any ERISA Affiliate in the circumstances described in Section 4062(e) of ERISA; (e) the withdrawal by the Borrower or any ERISA Affiliate from a Multiple Employer
Plan during a plan year for which it was a substantial employer, as defined in Section 4001(a)(2) of ERISA; (f) the conditions for the imposition of a lien under Section 302(f) of ERISA shall have been met with respect to
any Plan; (g) the adoption of an amendment to a Plan requiring the provision of security to such Plan pursuant to Section 307 of ERISA; or (h) the institution by the PBGC of proceedings to terminate a Plan pursuant to
Section 4042 of ERISA, or the occurrence of any event or condition described in Section 4042 of ERISA that constitutes grounds for the termination of, or the appointment of a trustee to administer, a Plan. 

“Erroneous Payment” has the meaning assigned to it in Section 7.08(a). 

“Erroneous Payment Subrogation Rights” has the meaning assigned to it in Section 7.08(c). 

  
 12 

 “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. 

“Eurocurrency Liabilities” has the meaning assigned to that term in Regulation D of the Board, as in effect from time to
time. 
 “Eurodollar Lending Office” means, with respect to any Lender, the office of such Lender specified as its
“Eurodollar Lending Office” in its Administrative Questionnaire or in the Assumption Agreement or the Assignment and Acceptance pursuant to which it became a Lender (or, if no such office is specified, its Domestic Lending Office), or such
other office of such Lender as such Lender may from time to time specify to the Borrower and the Agent. 
 “Eurodollar
Rate” means: 
 (a)    for any Interest Period with respect to a Eurodollar Rate Loan, the rate
per annum equal to USD LIBOR or a comparable or successor rate, which rate is approved by the Agent, as published on the applicable Bloomberg screen page (or such other commercially available source providing such quotations as may be designated by
the Agent from time to time) at approximately 11:00 a.m., London time, two Business Days prior to the commencement of such Interest Period, for dollar deposits (for delivery on the first day of such Interest Period) with a term equivalent to such
Interest Period; 
 (b)    for any interest rate calculation with respect to a Base Rate Loan on any
date, the rate per annum equal to USD LIBOR, at approximately 11:00 a.m., London time, determined two Business Days prior to such date for dollar deposits with a term of one month commencing on that date; and 

(c)    if the Eurodollar Rate shall be less than zero, such rate shall be deemed zero for purposes of this
Agreement; 
 provided, that, subject to Section 2.21, to the extent a comparable or successor rate is approved by
the Agent in connection herewith, the approved rate shall be applied to the applicable Interest Period in a manner consistent with market practice; provided, further, that, to the extent such market practice is not
administratively feasible for the Agent, such approved rate shall be applied to the applicable Interest Period as otherwise reasonably determined by the Agent. 

“Eurodollar Rate Loan” means a Loan that bears interest at a rate based on clause (a) of the definition of
“Eurodollar Rate”. 
 “Eurodollar Reserve Percentage” means, at any time with respect to any Lender, for any
Eurodollar Rate Loan, the rate, expressed as a decimal, at which reserves (including any basic marginal, special, supplemental, emergency or other reserves) are required to be maintained by such Lender against Eurocurrency Liabilities under
regulations issued from time to time by the Board. For purposes of determining such percentage, a Eurodollar Rate Loan shall be deemed to constitute Eurocurrency Liabilities and as such shall be deemed subject to reserve requirements without the
benefit of credit for proration, exceptions or offsets that may be available from time to time to the applicable Lender. 
 “Events
of Default” has the meaning specified in Section 6.01. 
 “Excluded Taxes” means any of
the following Taxes imposed on or with respect to any Recipient or required to be withheld or deducted from a payment to a Recipient, (a) Taxes imposed on or measured 

  
 13 

 
by net income (however denominated), franchise Taxes, and branch profits Taxes, in each case, (i) imposed as a result of such Recipient being organized under the laws of, or having its
principal office or, in the case of any Lender, its Applicable Lending Office located in, the jurisdiction imposing such Tax (or any political subdivision thereof) or (ii) that are Other Connection Taxes, (b) in the case of a Lender, U.S.
Federal withholding Taxes imposed on amounts payable to or for the account of such Lender with respect to an applicable interest in a Loan or Commitment pursuant to a law in effect on the date on which (i) such Lender acquires such interest in
the Loan or Commitment or (ii) such Lender changes its Applicable Lending Office, except in each case to the extent that pursuant to Section 2.14(a)(ii), (a)(iii) or (c), amounts with respect to such
Taxes were payable either to such Lender’s assignor immediately before such Lender became a party hereto or to such Lender immediately before it changed its Applicable Lending Office, (c) Taxes attributable to such Recipient’s failure
to comply with Section 2.14(e) and (d) any U.S. federal withholding taxes imposed under FATCA. 

“Existing Credit Agreement” means the Amended and Restated Credit Agreement dated as of August 29, 2016 among the
Borrower, the lenders from time to time party thereto and Bank of America, N.A. as agent for the lenders. 
 “Existing Letters of
Credit” means the Letters of Credit set forth on Schedule 2.01(b) hereto. 
 “Farm Credit Equities” has the
meaning given to such term in Section 5.01(l). 
 “Farm Credit Lender” means a lending
institution organized and existing pursuant to the provisions of the Farm Credit Act of 1971 and under the regulation of the Farm Credit Administration. 

“FATCA” means Sections 1471 through 1474 of the Internal Revenue Code, as of the date of this Agreement (or any amended or
successor version that is substantively comparable and not materially more onerous to comply with) any current or future regulations or official interpretations thereof and any agreements entered into pursuant to Section 1471 (b) (1) of
the Internal Revenue Code. 
 “Federal Funds Rate” means, for any day, the rate per annum equal to the weighted average of
the rates on overnight Federal funds transactions with members of the Federal Reserve System, as published by the Federal Reserve Bank of New York on the Business Day next succeeding such day; provided that (a) if such day is not a
Business Day, the Federal Funds Rate for such day shall be such rate on such transactions on the next preceding Business Day as so published on the next succeeding Business Day, (b) if no such rate is so published on such next succeeding
Business Day, the Federal Funds Rate for such day shall be the average rate (rounded upward, if necessary, to a whole multiple of 1/100 of 1%) charged to Mizuho on such day on such transactions as determined by the Agent and (c) if the Federal
Funds Rate shall be less than zero, such rate shall be deemed zero for purposes of this Agreement. 
 “Fee Letter” means
that certain fee letter dated as of May 11, 2021 among the Borrower and Mizuho. 
 “Floor” means the benchmark rate
floor, if any, provided in this Agreement initially (as of the execution of this Agreement, the modification, amendment or renewal of this Agreement or otherwise) with respect to USD LIBOR. 

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

“Fronting Exposure” means, at any time there is a Defaulting Lender, with respect to the Swing Line Lender, such Defaulting
Lender’s Ratable Share of Swing Line Loans other than Swing Line Loans as to which such Defaulting Lender’s participation obligation has been reallocated to other Lenders in accordance with the terms hereof. 

  
 14 

 “GAAP” has the meaning specified in Section 1.03.

 “Governmental Authority” means the government of the United States of America or any other nation, or of any political
subdivision thereof, whether state or local, and any agency, authority, instrumentality, regulatory body, court, central bank or other entity exercising executive, legislative, judicial, taxing, regulatory or administrative powers or functions of or
pertaining to government (including any supra-national bodies such as the European Union or the European Central Bank) and any group or body charged with setting financial accounting or regulatory capital rules or standards (including the Financial
Accounting Standards Board, the Bank for International Settlements or the Basel Committee on Banking Supervision or any successor or similar authority to any of the foregoing). 

“Gross Leverage Ratio” means, as of any date of determination, a ratio of (i) Consolidated Funded Debt to
(ii) Consolidated EBITDA for the four-quarter period then ended. 
 “Hazardous Materials” means (a) petroleum and
petroleum products, byproducts or breakdown products, radioactive materials, asbestos-containing materials, polychlorinated biphenyls and radon gas and (b) any other chemicals, materials or substances
designated, classified or regulated as hazardous or toxic or as a pollutant or contaminant under any Environmental Law. 
 “Hedge
Agreements” means interest rate swap, cap or collar agreements, interest rate future or option contracts, currency swap agreements, currency future or option contracts and other similar agreements. 

“Increase” has the meaning specified in Section 2.18(a). 

“Increase Date” has the meaning specified in Section 2.18. 

“Increasing Lender” means an Increasing Revolving Lender, as defined in Section 2.18. 

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

“Information Memorandum” means the information memorandum dated May 2021 distributed in connection with the syndication of
the Commitments. 
 “Initial Issuing Banks” has the meaning specified in the introductory paragraph of this Agreement. 

“Initial Lenders” has the meaning specified in the introductory paragraph of this Agreement. 

“Interest Period” means, for each Eurodollar Rate Loan comprising part of the same Borrowing, the period commencing on the
date of such Eurodollar Rate Loan or the date of the Conversion of any Base Rate Loan into such Eurodollar Rate Loan and ending on the last day of the period selected by the Borrower pursuant to the provisions below and, thereafter each subsequent
period commencing on the last day of the immediately preceding Interest Period and ending on the last day of the period selected by the Borrower pursuant to the provisions below. The duration of each such Interest Period shall be one, two, three or
six months, as the Borrower may, upon notice received by the Agent not later than 11:00 A.M. 

  
 15 

 
(New York City time) on the third Business Day prior to the first day of such Interest Period, select; provided, however, that: 

(a)    the Borrower may not select any Interest Period with respect to any Eurodollar Rate Loan that ends
after the Termination Date; 
 (b)    Interest Periods commencing on the same date for Eurodollar Rate
Loans comprising part of the same Borrowing shall be of the same duration; 
 (c)    whenever the last
day of any Interest Period would otherwise occur on a day other than a Business Day, the last day of such Interest Period shall be extended to occur on the next succeeding Business Day, provided, however, that, if such extension would
cause the last day of such Interest Period to occur in the next following calendar month, the last day of such Interest Period shall occur on the next preceding Business Day; and 

(d)    whenever the first day of any Interest Period occurs on a day of an initial calendar month for which
there is no numerically corresponding day in the calendar month that succeeds such initial calendar month by the number of months equal to the number of months in such Interest Period, such Interest Period shall end on the last Business Day of such
succeeding calendar month. 
 “Internal Revenue Code” means the Internal Revenue Code of 1986. 

“Invested Amounts” means the amounts invested by investors that are not Affiliates of the Borrower in connection with a
Permitted Receivables Financing and paid to the Borrower or any Subsidiary, as reduced by the aggregate amounts received by such investors in respect of receivables and applied to reduce such invested amounts. 

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

“Issuing Bank” means the Initial Issuing Banks, any Eligible Assignee to which a portion of a Letter of Credit Commitment
hereunder has been assigned pursuant to Section 8.07 or any Lender so long as such Eligible Assignee or such Lender expressly agrees to perform in accordance with their terms all of the obligations that by the terms of this
Agreement are required to be performed by it as an Issuing Bank and notifies the Agent of its Applicable Lending Office (which information shall be recorded by the Agent in the Register), for so long as such Initial Issuing Bank, Eligible Assignee
or Lender, as the case may be, shall have a Letter of Credit Commitment or shall have a Letter of Credit outstanding. 
 “L/C Cash
Collateral Account” means an interest bearing cash collateral account to be established and maintained by the Agent, over which the Agent shall have sole dominion and control, upon terms as may be satisfactory to the Agent. 

“L/C Related Documents” has the meaning specified in Section 2.06(b)(i). 

  
 16 

 “Lender Party” means the Agent, any Issuing Bank, the Swing Line Lender or
any Lender.     
 “Lenders” means the Initial Lenders, each Issuing Bank, the Swing Line Lender, each
Assuming Lender that shall become a party hereto pursuant to Section 2.18, unless the context requires otherwise, the Swing Line Lender and each Person that shall become a party hereto pursuant to
Section 8.07(a). 
 “Letter of Credit” has the meaning specified in
Section 2.01(b). 
 “Letter of Credit Agreement” has the meaning specified in
Section 2.03(a). 
 “Letter of Credit Commitment” means as to any Issuing Bank (a) the
amount set forth opposite such Lender’s name on Schedule I(A) hereto under the caption “Letter of Credit Commitment” or (b) in the case of each Initial Issuing Bank that has entered into an Assignment
and Acceptance and in the case of each other Issuing Bank, the amount set forth for such Issuing Bank in the Register maintained by the Agent pursuant to Section 8.07(d) as such Issuing Bank’s “Letter of
Credit Commitment”, as such amount may be reduced pursuant to Section 2.05. 
 “Letter of Credit
Exposure” means, at any time, the sum of (a) the aggregate undrawn amount of all outstanding Letters of Credit at such time plus (b) the aggregate drawn amount of all Letters of Credit that have not yet been reimbursed by or on
behalf of the Borrower at such time. The Letter of Credit Exposure of any Lender at any time shall be its Ratable Share of the total Letter of Credit Exposure at such time. For purposes of computing the amount available to be drawn under any Letter
of Credit, the amount of such Letter of Credit shall be determined in accordance with Section 1.05. For all purposes of this Agreement, if on any date of determination a Letter of Credit has expired by its terms but any
amount may still be drawn thereunder by reason of the operation of Rule 3.14 of the ISP, such Letter of Credit shall be deemed to be “outstanding” in the amount so remaining available to be drawn. 

“Letter of Credit Facility” means, at any time, an amount equal to the lesser of (a) the aggregate amount of the Issuing
Banks’ Letter of Credit Commitments at such time and (b) $100,000,000, as such amount may be reduced at or prior to such time pursuant to Section 2.05. 

“Lien” means any lien, security interest or other charge or encumbrance of any kind, or any other type of preferential
arrangement, including the lien or retained security title of a conditional vendor and any easement, right of way or other encumbrance on title to real property. 

“Loan” means any extension of credit by a Lender to the Borrower under Article II in the form of an Advance or a Swing
Line Loan. 
 “Loan Document” means this Agreement, the Notes, the other L/C Related Documents, Fee Letter and each
Subsidiary Guaranty delivered pursuant to Section 5.01(j). 
 “Loan Parties” means the Borrower
and each Subsidiary that is a party to a Subsidiary Guaranty delivered pursuant to Section 5.01(j). 

“Louisiana Timber Procurement” means Louisiana Timber Procurement Company, L.L.C., a Delaware limited liability company. 

“Material Acquisition” means any acquisition of property or series of related acquisitions of property that
(a) constitutes assets comprising all or substantially all of an operating unit of a business or constitutes all or substantially all of the common stock of a Person and (b) involves the payment of aggregate consideration (including
assumption of debt and deferred purchase price) by the Borrower and its Subsidiaries in excess of $350,000,000. 

  
 17 

 “Material Adverse Change” means any material adverse change in the
business, condition (financial or otherwise), operations, performance or properties of the Borrower and its Subsidiaries taken as a whole. 

“Material Adverse Effect” means a material adverse effect on (a) the business, condition (financial or otherwise),
operations, performance or properties of the Borrower and its Subsidiaries taken as a whole, (b) the rights and remedies of the Agent or the Lenders under any Loan Document (including with respect to the legality, validity or enforceability of
this Agreement or any other Loan Document or the consummation of the transactions contemplated hereby or thereby) or (c) the ability of the Loan Parties to perform their obligations under the Loan Documents. 

“Material Subsidiary” means, at any time, any Subsidiary (other than Louisiana Timber Procurement, for so long as the
Borrower does not own more than 50% of the capital stock of such entity) that, together with its Subsidiaries, has (a) Consolidated assets with a value of not less than 10% of the total value of the assets of the Borrower and its Subsidiaries,
taken as a whole, or (b) Consolidated EBITDA not less than 10% of the Consolidated EBITDA of the Borrower and its Subsidiaries, taken as a whole, in each case as of the end of or for the most recently completed fiscal quarter of the Borrower as
to which financial statements have been delivered pursuant to Section 5.01(i). 
 “Mizuho” means
Mizuho Bank, Ltd., and its successors and assigns. 
 “Moody’s” means Moody’s Investors Service, Inc. and
any successor thereto. 
 “Multiemployer Plan” means a multiemployer plan, as defined in Section 4001(a)(3) of
ERISA, to which the Borrower or any ERISA Affiliate is making or is obligated to make contributions, or has within any of the preceding five plan years made or been obligated to make contributions. 

“Multiple Employer Plan” means a single employer plan, as defined in Section 4001(a)(15) of ERISA, that (a) is
maintained for employees of the Borrower or any ERISA Affiliate and at least one Person other than the Borrower and the ERISA Affiliates or (b) was so maintained and in respect of which the Borrower or any ERISA Affiliate could have liability
under Section 4064 or 4069 of ERISA in the event such plan has been or were to be terminated. 
 “Non-Recourse” means, with respect to any Person, any financing by such Person in respect of which recourse for payment (subject to exceptions for fraud, misapplication of funds, voluntary bankruptcy,
collusive involuntary bankruptcy and other customary exceptions to non-recourse liability) is contractually limited to specific assets of such Person. 

“Note” means a promissory note of the Borrower payable to the order of any Lender, delivered pursuant to a request made under
Section 2.16 in substantially the form of Exhibit A hereto, evidencing the aggregate indebtedness of the Borrower to such Lender resulting from the Loans made by such Lender. 

“Notice of Borrowing” has the meaning specified in Section 2.02(a). 

“Notice of Issuance” has the meaning specified in Section 2.03(a). 

  
 18 

 “OFAC” means the Office of Foreign Assets Control of the United States
Department of the Treasury. 
 “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, intangible, recording, filing or similar Taxes that
arise from any payment made under, from the execution, delivery, performance, enforcement or registration of, from the receipt or perfection of a security interest under, or otherwise with respect to, any Loan Document, except any such Taxes that
are Other Connection Taxes imposed with respect to an assignment. 
 “Parent” means, with respect to any Lender, any Person
as to which such Lender is, directly or indirectly, a subsidiary. 
 “Participant” has the meaning specified in
Section 8.07(e). 
 “Participant Register” has the meaning specified in
Section 8.07(e). 
 “PBGC” means the Pension Benefit Guaranty Corporation (or any successor).

 “Permitted Liens” means such of the following as to which no enforcement, collection, execution, levy or foreclosure
proceeding shall have been commenced: (a) Liens for taxes, assessments and governmental charges or levies to the extent not required to be paid under Section 5.01(b) hereof; (b) Liens imposed by law, such as
materialmen’s, mechanics’, carriers’, workmen’s, repairmen’s and customs Liens and other similar Liens arising in the ordinary course of business securing obligations that are not overdue for a period of more than 30 days
unless being contested in good faith by proper proceedings and as to which appropriate reserves are being maintained; (c) pledges or deposits to secure obligations under workers’ compensation laws or similar legislation or to secure public
or statutory obligations; and (d) easements, rights of way and other encumbrances, restrictions or deficiencies on title to real property that do not render title to the property encumbered thereby unmarketable or materially adversely affect
the use of such property for its present purposes. 
 “Permitted Receivables Financing” means any financing pursuant to
which the Borrower or any Subsidiary may sell, convey, or otherwise transfer to a Receivables Subsidiary or any other Person, or grant a security interest in, any accounts receivable (and related assets) of the Borrower or such Subsidiary, provided
that such financing shall be on customary market terms and shall be with limited or no recourse to the Borrower and its Subsidiaries (other than the Receivables Subsidiary) except to the extent customary for such transactions. 

“Person” means an individual, partnership, corporation (including a business trust), joint stock company, trust,
unincorporated association, joint venture, limited liability company or other entity, or a government or any political subdivision or agency thereof. 

“Plan” means a Single Employer Plan or a Multiple Employer Plan. 

  
 19 

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

“Public Debt Rating” means, as of any date, the rating that has been most recently announced by either S&P or
Moody’s, as the case may be, for any class of non-credit enhanced long-term senior unsecured debt issued by the Borrower or, if either such rating agency shall have
issued more than one such rating, the lowest such rating issued by such rating agency. For purposes of the foregoing, (a) if only one of S&P and Moody’s shall have in effect a Public Debt Rating, the Applicable Margin and the
Applicable Percentage shall be determined by reference to the available rating; (b) if neither S&P nor Moody’s shall have in effect a Public Debt Rating, the Applicable Margin and the Applicable Percentage will be set based upon the
Gross Leverage Ratio; (c) if the ratings established by S&P and Moody’s shall fall within different levels, the Applicable Margin and the Applicable Percentage shall be based upon the higher rating unless such ratings differ by two or
more levels, in which case the applicable level will be deemed to be one level above the lower of such levels; (d) if any rating established by S&P or Moody’s shall be changed, such change shall be effective as of the date on which
such change is first announced publicly by the rating agency making such change; and (e) if S&P or Moody’s shall change the basis on which ratings are established, each reference to the Public Debt Rating announced by S&P or
Moody’s, as the case may be, shall refer to the then equivalent rating by S&P or Moody’s, as the case may be. 

“Public Filings” means the Borrower’s filings with the Securities and Exchange Commission on Form 10-K for the year ending December 31, 2020, on Form 10-Q for the quarter ending March 31, 2021 and on Form 8-K at any time
after March 31, 2021 and at least five Business Days prior to the Closing Date. 
 “Ratable Share” of any amount
means, with respect to any Lender at any time, (a) with respect to the Revolving Credit Facility, the product of (i) a fraction the numerator of which is the amount of such Lender’s Revolving Credit Commitment at such time and the
denominator of which is the aggregate Revolving Credit Commitments at such time; provided that if the Revolving Credit Commitments have been terminated, the numerator shall be the outstanding principal amount of such Lender’s Revolving Credit
Exposure and the denominator shall be the outstanding principal amount of the Revolving Credit Exposure of all Lenders and (ii) such amount; provided that in the case of Section 2.19 when a Defaulting Lender
shall exist, any such Defaulting Lender’s Revolving Credit Commitment shall be disregarded in such calculation, and (b) for purposes of Section 7.05, the product of (i) a fraction the numerator of which is
the amount of such Lender’s Revolving Credit Commitment at such time (or, if the Revolving Credit Commitments have been terminated, the outstanding principal amount of such Lender’s Revolving Credit Exposure) and the denominator of which
is the aggregate Revolving Credit Commitments at such time (or, if the Revolving Credit Commitments have been terminated, the outstanding principal amount of the Revolving Credit Exposure of all Lenders), and (ii) such amount. 

“Receivables Subsidiary” means a bankruptcy-remote,
special-purpose wholly owned Subsidiary formed in connection with a Permitted Receivables Financing. 

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

  
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 “Reference Time” with respect to any setting of the then-current Benchmark
means (1) if such Benchmark is USD LIBOR, 11:00 a.m. (London time) on the day that is two London banking days preceding the date of such setting, and (2) if such Benchmark is not USD LIBOR, the time determined by the Agent in its
reasonable discretion. 
 “Register” has the meaning specified in Section 8.07(d). 

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

“Required Lenders” means, at any time, Lenders owed or holding at least a majority in interest of the sum of (a) the
aggregate amount of Revolving Credit Exposure of all Lenders at such time and (b) the aggregate Unused Revolving Credit Commitments at such time; provided that the Commitment of, and (i) the portion of the aggregate principal amount
of the Advances outstanding at such time, (ii) the portion of the aggregate Available Amount of all Letters of Credit outstanding at such time, (iii) the portion of the aggregate principal amount of Swing Line Loans outstanding at such
time and (iv) the portion of the aggregate Unused Revolving Credit Commitments at such time, held or deemed held by, any Defaulting Lender shall be excluded for purposes of making a determination of Required Lenders. For purposes of this
definition, the Available Amount of each Letter of Credit shall be considered to be owed to the Lenders ratably in accordance with their respective Revolving Credit Commitments. With respect to any matter requiring the approval of the Required
Lenders, it is understood that Voting Participants shall have the voting rights specified in Section 8.07(i) as to such matter. 

“Resolution Authority” means an EEA Resolution Authority or, with respect to any UK Financial Institution, a UK Resolution
Authority. 
 “Responsible Officer” means the chief financial officer, the chief executive officer, the treasurer, the
controller or any assistant treasurer of the Borrower, and any other officer of the Borrower so designated by any of the foregoing officers in a notice to the Agent or any other officer or employee of the Borrower designated in or pursuant to an
agreement between the Borrower and the Agent. Any document delivered hereunder that is signed by a Responsible Officer shall be conclusively presumed to have been authorized by all necessary corporate, partnership and/or other action on the part of
the Borrower and such Responsible Officer shall be conclusively presumed to have acted on behalf of the Borrower. To the extent requested by the Agent, each Responsible Officer will provide an incumbency certificate and to the extent requested by
the Agent, appropriate authorization documentation, in each case, in form and substance reasonably satisfactory to the Agent. 

“Revolving Credit Commitment” means as to any Lender (a) the amount set forth opposite such Lender’s name on
Schedule I hereto under the caption “Revolving Credit Commitment”, (b) if such Lender has become a Lender hereunder pursuant to an Assumption Agreement, the amount set forth in such Assumption Agreement or
(c) if such Lender has entered into an Assignment and Acceptance, the amount set forth for such Lender in the Register maintained by the Agent pursuant to Section 8.07(d) as such Lender’s “Revolving
Credit Commitment”, as such amount may be reduced pursuant to Section 2.05 or increased pursuant to Section 2.18. The amount of the aggregate Revolving Credit Commitments of all of the
Revolving Lenders as in effect on the Closing Date is THREE HUNDRED FIFTY MILLION DOLLARS ($350,000,000). 

  
 21 

 “Revolving Credit Exposure” shall mean, with respect to any Lender at any
time, the sum of (i) the outstanding principal amount of such Lender’s Advances plus (ii) its Letter of Credit Exposure plus (iii) its participations in Swing Line Loans at such time. 

“Revolving Credit Facility” means, at any time, the aggregate of the Revolving Credit Commitments at such time. 

“Revolving Lender” means, as of any date of determination, a Lender with a Revolving Credit Commitment or, if the Revolving
Credit Commitments have terminated or expired, a Lender with Revolving Credit Exposure. 
 “S&P” means S&P Global
Ratings, a division of S&P Global Inc., and any successor thereto. 
 “Sanctioned Lender” means a Lender that is a
Sanctioned Person. 
 “Sanctioned Person” means, at any time, (a) any Person listed in any Sanctions-related list of
designated Persons maintained by any Sanctions Authority, (b) any Person operating, organized or resident in a Sanctioned Country in violation of Sanctions or (c) any Person more than 20% owned or controlled by any one or more Persons
described in the foregoing clauses (a) or (b). 
 “Sanctions” means economic or financial sanctions or
trade embargoes imposed, administered or enforced from time to time by any applicable Sanctions Authority. 
 “Sanctions
Authority” means each of OFAC, the U.S. Department of State, the United Nations Security Council, the European Union, and Her Majesty’s Treasury of the United Kingdom. 

“Single Employer Plan” means a single employer plan, as defined in Section 4001(a)(15) of ERISA, that (a) is
maintained for employees of the Borrower or any ERISA Affiliate and no Person other than the Borrower and the ERISA Affiliates or (b) was so maintained and in respect of which the Borrower or any ERISA Affiliate could have liability under
Section 4069 of ERISA in the event such plan has been or were to be terminated. 
 “SOFR” means, with respect to any
Business Day, a rate per annum equal to the secured overnight financing rate for such Business Day published by the SOFR Administrator on the SOFR Administrator’s Website on the immediately succeeding Business Day. 

“SOFR Administrator” means the Federal Reserve Bank of New York (or a successor administrator of the secured overnight
financing rate). 
 “SOFR Administrator’s Website” means the website of the Federal Reserve Bank of New York,
currently at http://www.newyorkfed.org, or any successor source for the secured overnight financing rate identified as such by the SOFR Administrator from time to time. 

“Solvency” and “Solvent” mean, with respect to any Person on a particular date, that on such date
(a) the fair value of the property of such Person is greater than the total amount of liabilities, including contingent liabilities, of such Person, (b) the present fair salable value of the assets of such Person is not less than the
amount that will be required to pay the probable liability of such Person on its debts as they become absolute and matured, (c) such Person does not intend to, and does not believe that it will, incur debts or liabilities beyond such
Person’s ability to pay such debts and liabilities as they mature and (d) 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. The amount 

  
 22 

 
of contingent liabilities at any time shall be computed as the amount that, in the light of all the facts and circumstances existing at such time, represents the amount that can reasonably be
expected to become an actual or matured liability. 
 “Subsidiary” of any Person means any corporation, partnership, joint
venture, limited liability company, trust or estate of which (or in which) more than 50% of (a) the issued and outstanding capital stock having ordinary voting power to elect a majority of the Board of Directors of such corporation
(irrespective of whether at the time capital stock of any other class or classes of such corporation shall or might have voting power upon the occurrence of any contingency), (b) the interest in the capital or profits of such limited liability
company, partnership or joint venture or (c) the beneficial interest in such trust or estate is at the time directly or indirectly owned or controlled by such Person, by such Person and one or more of its other Subsidiaries or by one or more of
such Person’s other Subsidiaries. Unless otherwise specified herein, any reference to a Subsidiary shall mean a Subsidiary of the Borrower. 

“Subsidiary Guarantor” means Boise White Paper, L.L.C. and each other Subsidiary that shall be required to execute and
deliver a guaranty pursuant to Section 5.01(j). 
 “Subsidiary Guaranty” means (a) the
Subsidiary Guaranty dated as of the Closing Date and (b) any additional guaranty of the Subsidiary Guarantors delivered pursuant to Section 5.01(j). 

“Swing Line Borrowing” means a borrowing of a Swing Line Loan pursuant to Section 2.22. 

“Swing Line Commitment” means as to any Lender (a) the amount set forth opposite such Lender’s name on Schedule
I(B) hereof or (b) if such Lender has entered into an Assignment and Acceptance or has otherwise assumed a Swing Line Commitment after the Closing Date, the amount set forth for such Lender as its Swing Line Commitment in the Register
maintained by the Agent pursuant to Section 8.07(d). 
 “Swing Line Lender” means Mizuho, in its
capacity as provider of Swing Line Loans hereunder, or any successor swing line lender hereunder. 
 “Swing Line Loan” has
the meaning specified in Section 2.22(a). 
 “Swing Line Loan Notice” means a notice of a Swing
Line Borrowing pursuant to Section 2.22(b), which shall be substantially in the form of Exhibit B or such other form as approved by the Agent (including any form on an electronic platform or electronic transmission system
as shall be approve by the Agent), appropriately completed and signed by a Responsible Officer of the Borrower. 
 “Swing Line
Note” means a promissory note of the Borrower payable to the order of the Swing Line Lender, delivered pursuant to a request made under Section 2.16 in substantially the form of Exhibit G
hereto, evidencing the aggregate indebtedness of the Borrower to such Lender resulting from the Swing Line Loans made by the Swing Line Lender. 

“Swing Line Sublimit” means an amount equal to the lesser of (a) $20,000,000 and (b) the Revolving Credit Commitments.
The Swing Line Sublimit is part of, and not in addition to, the Revolving Credit Commitments. 
 “Taxes” means all present
or future taxes, levies, imposts, duties, deductions, withholdings (including backup withholding), assessments, fees or other charges imposed by any Governmental Authority, including any interest, additions to tax or penalties applicable thereto.

  
 23 

 “Termination Date” means the earlier of (i) June 8, 2026, as such
date may be extended pursuant to Section 2.23, and (ii) the date of termination in whole of the Revolving Credit Commitments, the Swing Line Commitment and the Letter of Credit Commitments pursuant to
Section 2.05 or Section 6.01. 
 “Term SOFR” means, for the applicable
Corresponding Tenor as of the applicable Reference Time, the forward-looking term rate based on SOFR that has been selected or recommended by the Relevant Governmental Body. 

“Term SOFR Notice” means a notification by the Agent to the Lenders and the Borrower of the occurrence of a Term SOFR
Transition Event. 
 “Term SOFR Transition Event” means the determination by the Agent that (a) Term SOFR has been
recommended for use by the Relevant Governmental Body, (b) the administration of Term SOFR is administratively feasible for the Agent and (c) a Benchmark Transition Event or an Early Opt-in Election,
as applicable, has previously occurred resulting in a Benchmark Replacement in accordance with Section 2.21 that is not Term SOFR. 

“Type” refers to the distinction between Loans bearing interest at the Base Rate and Loans bearing interest at the Eurodollar
Rate. 
 “UK Financial Institution” means any BRRD Undertaking (as such term is defined under the PRA Rulebook (as amended
from 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. 
 “Unadjusted Benchmark Replacement” means the applicable Benchmark
Replacement excluding the related Benchmark Replacement Adjustment. 
 “Unused Revolving Credit Commitment” means, with
respect to each Lender at any time, (a) such Lender’s Revolving Credit Commitment at such time minus (b) the sum of (i) the aggregate principal amount of all Advances made by such Lender (in its capacity as a Lender) and
outstanding at such time, plus (ii) such Lender’s Ratable Share of the aggregate Available Amount of all the Letters of Credit outstanding at such time, plus (iii) such Lender’s Ratable Share of the aggregate amount of all Swing
Line Loans outstanding at such time. 
 “USD LIBOR” means the London interbank offered rate for U.S. dollars. 

“U.S. Person” means any Person that is a “United States Person” as defined in Section 7701(a)(30) of the
Internal Revenue Code. 
 “Voting Participant” has the meaning assigned to such term in
Section 8.07(i). 
 “Voting Stock” means capital stock issued by a corporation, or equivalent
interests in any other Person, the holders of which are ordinarily, in the absence of contingencies, entitled to vote for the election of directors (or persons performing similar functions) of such Person, even if the right so to vote has been
suspended by the happening of such a contingency. 

  
 24 

 “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. In this Agreement (a) in the
computation of periods of time from a specified date to a later specified date, the word “from” means “from and including” and the words “to” and “until” each mean “to but excluding”; (b) the words
“include,” “includes” and “including” shall be deemed to be followed by the phrase “without limitation”; and (c) unless otherwise specified herein, (i) any reference to an
agreement or other document means such agreement or other document as from time to time amended, supplemented or otherwise modified and (ii) any reference to a law means such law as amended, modified or replaced from time to time and the rules
and regulations issued thereunder. 
 Section 1.03    Accounting Terms. 

(a)    All accounting terms not specifically defined herein shall be construed in accordance with generally accepted
accounting principles as in effect in the United States from time to time (“GAAP”), provided that (i) if there is any change in GAAP from such principles applied in the preparation of the audited financial statements
referred to in Section 4.01(e) (“Initial GAAP”), that is material in respect of the calculation of compliance with the covenants set forth in Section 5.03, the Borrower shall give
prompt notice of such change to the Agent and the Lenders, and (ii) if the Borrower notifies the Agent that the Borrower requests an amendment of any provision hereof to eliminate the effect of any change in GAAP (or the application thereof)
from Initial GAAP (or if the Agent or the Required Lenders request an amendment of any provision hereof for such purpose), regardless of whether such notice is given before or after such change in GAAP (or the application thereof), then such
provision shall be applied on the basis of generally accepted accounting principles as in effect and applied immediately before such change shall have become effective until such notice shall have been withdrawn or such provision is amended in
accordance herewith. 
 (b)    Notwithstanding the foregoing clause (a), (i) for purposes of determining
compliance with the financial covenants contained in this Agreement, any election by the Borrower to measure an item of Debt using fair value (as permitted by FASB 159 or any similar accounting standard) shall be disregarded and such determination
shall be made as if such election had not been made; (ii) for purposes of determining compliance with any covenant (including the computation of any financial covenant) contained herein, Debt of the Borrower and its Subsidiaries shall be deemed
to be carried at 100% of the outstanding principal amount thereof, and the effects of FASB ASC 825 on financial liabilities shall be disregarded; and (iii) for purposes of determining compliance with any covenant contained herein, whether a
lease constitutes a capital lease, and whether obligations arising under such lease are required to be capitalized on the balance sheet of the lessee thereunder and/or recognized as interest expense in such lessee’s financial statements, shall
be determined in accordance with GAAP as in effect as of December 31, 2018 notwithstanding any modification or interpretive change occurring thereafter. 

(c)    Consolidation of Variable Interest Entities. All references herein to consolidated financial statements of
the Borrower and its Subsidiaries or to the determination of any amount for the 

  
 25 

 
Borrower and its Subsidiaries on a consolidated basis or any similar reference shall, in each case, be deemed to include each variable interest entity that the Borrower is required to consolidate
pursuant to FASB ASC 810 as if such variable interest entity were a Subsidiary as defined herein. 

Section 1.04    Disclaimer and Exculpation With Respect to LIBOR and any Other Benchmark Rate. 

The Agent does not warrant or accept any responsibility for, and shall not have any liability with respect to, the administration, submission
or any other matter related to USD LIBOR or the Screen Page or with respect to any alternative, successor or replacement rate thereof (including any Benchmark Replacement), or any calculation, component definition thereof or rate referenced in the
definition thereof, including, without limitation, (i) any such alternative, successor or replacement rate implemented pursuant to Section 2.21, whether upon the occurrence of a Benchmark Transition Event, Term SOFR
Transition Event or an Early Opt-in Election, and (ii) the effect, implementation or composition of any Benchmark Replacement Conforming Changes pursuant to clause (c) of
Section 2.21, including without limitation, whether the composition or characteristics of any such alternative, successor or replacement reference rate will be similar to, or produce the same value or economic equivalence
of, USD LIBOR or the Eurodollar Rate or have the same volume or liquidity as did USD LIBOR or the Eurodollar Rate prior to the discontinuance or unavailability of USD LIBOR. In addition, the discontinuation of USD LIBOR and any alternative,
successor or replacement reference rate may result in a mismatch between the reference rate referenced in this Agreement and your other financial instruments, including potentially those that are intended as hedges. The Agent and its Affiliates
and/or other related entities may engage in transactions that affect the calculation of any alternative, successor or replacement rate and/or any relevant adjustments thereto, in each case, with all determinations of such alternative, successor or
replacement rate by the Agent to be conclusive, absent manifest error. The Agent may select information sources or services in its reasonable discretion to ascertain such alternative, successor or replacement rate, in each case pursuant to the terms
of this Agreement (as amended, amended and restated, supplemented or otherwise modified from time to time), and shall have no liability to the Borrower, any Lender or any other person or entity for damages of any kind, including direct or indirect,
special, punitive, incidental or consequential damages, costs, losses or expenses (whether in tort, contract or otherwise and whether at law or in equity), for any error or calculation of any such rate (or component thereof) provided by any such
information source or service. 
 Section 1.05    Letter of Credit Amounts. 

Unless otherwise specified herein, the amount of a Letter of Credit at any time shall be deemed to be the stated amount of such Letter of
Credit in effect at such time; provided, however, that with respect to any Letter of Credit that, by its terms or the terms of any Issuer Document related thereto, provides for one or more automatic increases in the stated amount thereof, the amount
of such Letter of Credit shall be deemed to be the maximum stated amount of such Letter of Credit after giving effect to all such increases, whether or not such maximum stated amount is in effect at such time. 

Section 1.06    Divisions. 

Any reference herein to a merger, transfer, consolidation, amalgamation, assignment, sale or disposition, or similar term, shall be deemed to
apply to a division of or by a limited liability company, partnership, or other business organization, or an allocation of assets to a series of a limited liability company, partnership, or other business organization (or the unwinding of such a
division or allocation), as if it were a merger, transfer, consolidation, amalgamation, assignment, sale or disposition, or similar term, as applicable, to, of or with a separate Person. Any division of a limited liability company, partnership, or
other business organization shall constitute a separate Person hereunder (and each division of any limited liability company, partnership, or other business organization that is a Subsidiary, joint venture or any other like term shall also
constitute such a Person or entity). 

  
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 ARTICLE II 

AMOUNTS AND TERMS OF THE ADVANCES AND 

LETTERS OF CREDIT 

Section 2.01    The Advances and Letters of Credit. 

(a)    Advances. Each Lender severally agrees, on the terms and conditions set forth herein, to make
advances on a revolving basis (each, an “Advance”) to the Borrower from time to time on any Business Day during the period from the Closing Date until the Termination Date in an amount not to exceed such Lender’s Unused
Revolving Credit Commitment at such time. Within the limits of each Lender’s Revolving Credit Commitment, the Borrower may borrow under this Section 2.01(a), prepay pursuant to Section 2.10
and reborrow under this Section 2.01(a). The Advances may be Base Rate Loans or Eurodollar Rate Loans or both, as further provided herein. 

(b)    Letters of Credit. Each Issuing Bank agrees, subject to
Section 2.19(d), on the terms and conditions set forth herein, to issue standby letters of credit (including the Existing Letters of Credit, each, a “Letter of Credit”) for the account of the
Borrower or any Subsidiary from time to time on any Business Day during the period from the Closing Date until 30 days before the Termination Date in an aggregate Available Amount (i) for all Letters of Credit issued by each Issuing Bank not to
exceed at any time the lesser of (x) the Letter of Credit Facility at such time and (y) such Issuing Bank’s Letter of Credit Commitment at such time and (ii) for each such Letter of Credit not to exceed an amount equal to the
Unused Revolving Credit Commitments of the Lenders at such time. Other than as specified on Schedule 2.01(b), no Letter of Credit shall have an expiration date (including all rights of the Borrower or the beneficiary to
require renewal) later than (x) the date that is one year after the date of issuance thereof and (y) except as provided in Section 2.03(a)(ii), 10 Business Days prior to the Termination Date. Within the limits of
the Letter of Credit Facility and subject to the limits referred to above, the Borrower may request the issuance of Letters of Credit under this Section 2.01(b), repay any Advances resulting from drawings thereunder
pursuant to Section 2.03(c) and request the issuance of additional Letters of Credit under this Section 2.01(b). Each letter of credit listed on Schedule 2.01(b)
shall be deemed to constitute a Letter of Credit issued hereunder, and each Lender that is an issuer of such a Letter of Credit shall, for purposes of Section 2.03, be deemed to be an Issuing Bank for each such letter of
credit, provided than any renewal or replacement of any such letter of credit shall be issued by an Issuing Bank pursuant to the terms of this Agreement. 

Section 2.02    Making the Loans. 

(a)    Except as otherwise provided in Section 2.03, each Borrowing shall be made
on notice, given not later than (x) 11:00 A.M. (New York City time) on the third Business Day prior to the date of the proposed Borrowing in the case of a Borrowing consisting of Eurodollar Rate Loans or (y) 11:00 A.M. (New
York City time) on the date of the proposed Borrowing in the case of a Borrowing consisting of Base Rate Loans, by the Borrower to the Agent, which shall give to each Lender prompt notice thereof. Each such notice of a Borrowing (a “Notice
of Borrowing”) shall be by telephone, confirmed immediately in writing, or telecopier in substantially the form of Exhibit B hereto, or such other form as may be approved by the Agent (including any form on an
electronic platform or electronic transmission system as shall be approved by the Agent), 

  
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appropriately completed and signed by a Responsible Officer, specifying therein the requested (i) date of such Borrowing, (ii) Type of Loans comprising such Borrowing,
(iii) aggregate amount of such Borrowing, and (iv) in the case of a Borrowing consisting of Eurodollar Rate Loans, initial Interest Period for such Loans. Each Lender shall, before 1:00 P.M. (New York City time) on the date of
such Borrowing, make available for the account of its Applicable Lending Office to the Agent at the Agent’s Account, in same day funds, such Lender’s Ratable Share of such Borrowing. After the Agent’s receipt of such funds and upon
fulfillment of the applicable conditions set forth in Article III, the Agent will make such funds available to the Borrower at the Agent’s address referred to in Section 8.02. 

(b)    Each Borrowing of Eurodollar Rate Loans shall be in an amount of $5,000,000 or a whole
multiple of $1,000,000 in excess thereof, and each Borrowing of Base Rate Loans shall be in an amount of $500,000 or a whole multiple of $100,000 in excess thereof; provided that if the Lenders fund their participation interests in any
Letter of Credit pursuant to Section 2.03(c), the resulting Borrowing may be in the amount of the payment made by the applicable Issuing Bank in respect of such Letter of Credit. Borrowings comprised of Eurodollar Rate
Loans may not be outstanding as part of more than ten separate Interest Periods. 
 (c)    Each Notice of
Borrowing shall be irrevocable and binding on the Borrower. In the case of any Borrowing that the related Notice of Borrowing specifies is to be comprised of Eurodollar Rate Loans, the Borrower shall indemnify each Lender against any loss, cost or
expense incurred by such Lender as a result of any failure to fulfill on or before the date specified in such Notice of Borrowing the applicable conditions set forth in Article III, including any loss (excluding loss of
anticipated profits), cost or expense incurred by reason of the liquidation or reemployment of deposits or other funds acquired by such Lender to fund the Loan to be made by such Lender as part of such Borrowing when such Loan, as a result of such
failure, is not made on such date. 
 (d)    Unless the Agent shall have received notice from a Lender
prior to the date of any Borrowing that such Lender will not make available to the Agent such Lender’s Ratable Share of such Borrowing, the Agent may assume that such Lender has made such portion available to the Agent on the date of such
Borrowing in accordance with clause (a) of this Section 2.02 and the Agent may, in reliance upon such assumption, make available to the Borrower on such date a corresponding amount. If and to
the extent that such Lender shall not have so made such Ratable Share available to the Agent, such Lender and the Borrower severally agree to repay to the 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 Agent, at (i) in the case of the Borrower, the interest rate applicable at the time to Loans comprising such Borrowing and (ii) in
the case of such Lender, the Federal Funds Rate. If such Lender shall repay to the Agent such corresponding amount, such amount so repaid shall constitute such Lender’s Loan as part of such Borrowing for purposes of this Agreement. 

(e)    The failure of any Lender to make the Loan to be made by it as part of any Borrowing shall not
relieve any other Lender of its obligation, if any, hereunder to make its Loan on the date of such Borrowing, but no Lender shall be responsible for the failure of any other Lender to make the Loan to be made by such other Lender on the date of any
Borrowing. 

  
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 Section 2.03    Issuance of and Drawings
and Reimbursement Under Letters of Credit. 
 (a)    Request for Issuance. 

(i)    Each Letter of Credit shall be issued upon notice, given not later than 1:00 P.M.
(New York City time) on the third Business Day prior to the date of the proposed issuance of such Letter of Credit (or on such shorter notice as the applicable Issuing Bank may agree), by the Borrower to any Issuing Bank, and such Issuing Bank
shall give the Agent prompt notice thereof. Each such notice of issuance of a Letter of Credit (a “Notice of Issuance”) shall be by telephone, confirmed immediately in writing, or telecopier, specifying therein the requested
(A) date of such issuance (which shall be a Business Day), (B) Available Amount of such Letter of Credit, (C) expiration date of such Letter of Credit, (D) name and address of the beneficiary of such Letter of Credit and
(E) form of such Letter of Credit, and shall be accompanied by such customary application and agreement for letter of credit as such Issuing Bank may specify to the Borrower for use in connection with such requested Letter of Credit (a
“Letter of Credit Agreement”). If the requested form of such Letter of Credit is acceptable to such Issuing Bank in its sole discretion, such Issuing Bank will, upon fulfillment of the applicable conditions set forth in
Article III, make such Letter of Credit available to the Borrower at its office referred to in Section 8.02 or as otherwise agreed with the Borrower in connection with such issuance. For the
avoidance of doubt, (x) the applicable conditions set forth in Article III may be deemed fulfilled unless the applicable Issuing Bank has received written notice from any Lender, the Agent or any Loan Party, at least one Business Day
prior to the requested date of issuance or amendment of the applicable Letter of Credit, that one or more of such conditions shall not then be satisfied and (y) if the applicable conditions set forth in Article III have not been
fulfilled, the applicable Issuing Bank (1) shall not issue, or increase the face amount of, the applicable Letter of Credit and (2) shall have the right (or, upon the request of the Required Lenders, the obligation) not to permit any
renewal of the applicable Letter of Credit. In the event and to the extent that the provisions of any Letter of Credit Agreement shall conflict with this Agreement, the provisions of this Agreement shall govern. Effective on the Closing Date,
all Existing Letters of Credit shall be deemed to have been issued pursuant hereto and shall be subject to and governed by the terms and conditions hereof. 

(ii)    An Issuing Bank may, in its sole discretion, issue one or more Letters of Credit hereunder, with
expiry dates later than 10 Business Days prior to the scheduled Termination Date (the “L/C Cash Collateral Date”), based upon the Borrower’s agreement to provide cash collateral to such Issuing Bank (or, if agreed upon, the
Agent) relating to such Letters of Credit on or before the L/C Cash Collateral Date in accordance with the terms of Section 2.19 (and, upon receipt of such cash collateral by the Issuing Bank or the Agent, as applicable,
the Lenders’ participation interests in such Letters of Credit shall terminate on the Termination Date). In the event the Borrower fails to cash collateralize the outstanding Letter of Credit Exposure on the L/C Cash Collateral Date, each
outstanding Letter of Credit shall automatically be deemed to be drawn in full, and the Borrower shall be deemed to have requested a Base Rate Loan to be funded by the Lenders on the L/C Cash Collateral Date to reimburse such drawing (with the
proceeds of such Base Rate Loan being used to cash collateralize outstanding Letter of Credit Exposure as set forth in Section 2.19) in accordance with the provisions of Section 2.03(c). The
funding by a Lender of its Ratable Share of such Base Rate Loan, to cash collateralize the outstanding Letter of Credit Exposure on the Termination Date shall be deemed payment by such Lender in respect of its participation interest in such Letters
of Credit. 

  
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 (iii)    If the Borrower so requests in any applicable
Letter of Credit Agreement, an Issuing Bank may, in its sole discretion, agree to issue a Letter of Credit that has automatic extension provisions (each, an “Auto-Extension Letter of Credit”); provided that any such Auto-Extension
Letter of Credit must permit such Issuing Bank to prevent any such extension at least once in each twelve-month period (commencing with the date of issuance of such Letter of Credit) by giving prior notice to the beneficiary thereof not later than a
day (the “Non-Extension Notice Date”) in each such twelve-month period to be agreed upon at the time such Letter of Credit is issued. Unless otherwise directed by the applicable Issuing Bank,
the Borrower shall not be required to make a specific request to such Issuing Bank for any such extension. Once an Auto-Extension Letter of Credit has been issued, the Lenders shall be deemed to have authorized (but may not require) the Issuing Bank
to permit the extension of such Letter of Credit at any time to an expiry date not later than the L/C Cash Collateral Date; provided, however, that the applicable Issuing Bank shall not permit any such extension if (A) such Issuing Bank has
determined that it would not be permitted, or would have no obligation, at such time to issue such Letter of Credit in its revised form (as extended) under the terms hereof, or (B) it has received notice (which may be by telephone or in
writing) on or before the day that is seven Business Days before the Non-Extension Notice Date (1) from the Agent that the Required Lenders have elected not to permit such extension or (2) from the
Agent, any Lender or the Borrower that one or more of the applicable conditions specified in Section 3.02 is not then satisfied, and in each such case directing the applicable Issuing Bank not to permit such extension. 

(iv)    No Issuing Bank shall be under any obligation to issue any Letter of Credit if: 

1.    any order, judgment or decree of any Governmental Authority or arbitrator shall by its terms purport
to enjoin or restrain such Issuing Bank from issuing the Letter of Credit, or any law applicable to such Issuing Bank or any request or directive (whether or not having the force of law) from any Governmental Authority with jurisdiction over such
Issuing Bank shall prohibit, or request that such Issuing Bank refrain from, the issuance of letters of credit generally or the Letter of Credit in particular or shall impose upon such Issuing Bank with respect to the Letter of Credit any
restriction, reserve or capital requirement (for which such Issuing Bank is not otherwise compensated hereunder) not in effect on the Closing Date, or shall impose upon such Issuing Bank any unreimbursed loss, cost or expense that was not applicable
on the Closing Date and that such Issuing Bank in good faith deems material to it; or 
 2.    the
issuance of the Letter of Credit would violate one or more policies of such Issuing Bank applicable to letters of credit generally. 

(b)    Participations. By the issuance of a Letter of Credit (or an amendment to a Letter of Credit
increasing the amount thereof) and without any further action on the part of the applicable Issuing Bank or the Lenders, such Issuing Bank hereby grants to each Lender, and each Lender hereby acquires from such Issuing Bank, a participation in such
Letter of Credit equal to such Lender’s Ratable Share of the aggregate amount available to be drawn under such Letter of Credit. The Borrower hereby agrees to each such participation. In consideration and in furtherance of the foregoing, each
Lender hereby absolutely and unconditionally agrees to pay to the Agent, for the account of such Issuing Bank, such Lender’s Ratable Share of each drawing made under a Letter of Credit funded by such Issuing Bank and not reimbursed by the
Borrower 

  
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on the date made, or of any reimbursement payment required to be refunded to the Borrower for any reason. Each Lender acknowledges and agrees that its obligation to acquire participations
pursuant to this paragraph in respect of Letters of Credit is absolute and unconditional and shall not be affected by any circumstance whatsoever, including any amendment, renewal or extension of any Letter of Credit or the occurrence and
continuance of a Default or reduction or termination of the Revolving Credit Commitments, and that each such payment shall be made without any offset, abatement, withholding or reduction whatsoever. Each Lender further acknowledges and agrees that
its participation in each Letter of Credit will be automatically adjusted to reflect such Lender’s Ratable Share of the Available Amount of such Letter of Credit at each time such Lender’s Revolving Credit Commitment is amended pursuant to
an assignment in accordance with Section 8.07 or otherwise pursuant to this Agreement. 

(c)    Drawing and Reimbursement. The payment by an Issuing Bank of a draft drawn under any Letter
of Credit shall constitute for all purposes of this Agreement the making by such Issuing Bank of an Advance, which shall be a Base Rate Loan, in the amount of such draft. Each Issuing Bank shall give prompt notice of each drawing under any Letter of
Credit issued by it to the Borrower and the Agent. Upon written demand by such Issuing Bank to the Agent, which the Agent shall promptly forward to the Lenders, each Lender shall pay to the Agent such Lender’s Ratable Share of such outstanding
Advance, by making available for the account of its Applicable Lending Office to the Agent for the account of such Issuing Bank, by deposit to the Agent’s Account, in same day funds, an amount equal to the portion of the outstanding principal
amount of such Advance to be funded by such Lender. Promptly after receipt thereof, the Agent shall transfer such funds to such Issuing Bank. Each Lender agrees to fund its Ratable Share of an outstanding Advance on (i) the Business Day on
which demand therefor is made by such Issuing Bank, provided that notice of such demand is given not later than 11:00 A.M. (New York City time) on such Business Day, or (ii) the first Business Day next succeeding such demand if notice
of such demand is given after such time. If and to the extent that any Lender shall not have so made the amount of such Advance available to the Agent, such Lender agrees to pay to the Agent forthwith on demand such amount together with interest
thereon, for each day from the date of demand by any such Issuing Bank until the date such amount is paid to the Agent, at the Federal Funds Rate for its account or the account of such Issuing Bank, as applicable. If such Lender shall pay to the
Agent such amount for the account of any such Issuing Bank on any Business Day, such amount so paid in respect of principal shall constitute an Advance made by such Lender on such Business Day for purposes of this Agreement, and the outstanding
principal amount of the Advance made by such Issuing Bank shall be reduced by such amount on such Business Day. 

(d)    Letter of Credit Reports. Each Issuing Bank shall furnish (i) to the Agent on the first
Business Day of each month a written report summarizing issuance and expiration dates of Letters of Credit issued by it during the preceding month and drawings during such month under all Letters of Credit and (ii) to the Agent on the first
Business Day of each calendar quarter a written report setting forth the average daily aggregate Available Amount during the preceding calendar quarter of all Letters of Credit issued by it. The Agent shall promptly forward to each Lender each
report received by it in accordance with this Section 2.03(d). 

(e)    Failure to Make Advances. The failure of any Lender to make the Advance to be made by it on
the date specified in Section 2.03(c) shall not relieve any other Lender of its obligation hereunder to make its Advance on such date, but no Lender shall be responsible for the failure of any other Lender to make the
Advance to be made by such other Lender on such date. 
 (f)    Applicability of ISP; Limitation of
Liability. Unless otherwise expressly agreed by the Issuing Bank and the Borrower when a Letter of Credit is issued, including any such 

  
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agreement applicable to an Existing Letter of Credit, the rules of the ISP shall apply to each standby Letter of Credit. Notwithstanding the foregoing, the Issuing Bank shall not be responsible
to the Borrower for, and the Issuing Bank’s rights and remedies against the Borrower shall not be impaired by, any action or inaction of the Issuing Bank required or permitted under any law, order or practice that is required or permitted to be
applied to any Letter of Credit or this Agreement, including the law or any order of a jurisdiction where the Issuing Bank or the beneficiary is located, the practice stated in the ISP or in the decisions, opinions, practice statements or official
commentary of the ICC Banking Commission, the Bankers Association for Finance and Trade - International Financial Services Association (BAFT-IFSA), or the Institute of International Banking Law & Practice, whether or not any Letter of
Credit chooses such law or practice. 
 Section 2.04    Fees. 

(a)    Facility Fee. The Borrower agrees to pay to the Agent for the account of each Lender a
facility fee on the aggregate amount of such Lender’s Revolving Credit Commitment, from the Closing Date in the case of each Initial Lender and from the effective date specified in the Assumption Agreement or in the Assignment and Acceptance
pursuant to which it became a Lender in the case of each other Lender until the Termination Date, at a rate per annum equal to the Applicable Percentage in effect from time to time, payable in arrears quarterly on the last Business Day of each
March, June, September and December, commencing June 30, 2021, and on the Termination Date. 

(b)    Letter of Credit Fees. 

(i)    The Borrower shall pay to the Agent for the account of each Lender a commission on such
Lender’s Ratable Share of the average daily aggregate Available Amount of all Letters of Credit outstanding from time to time at a rate per annum equal to the Applicable Margin for Eurodollar Rate Loans in effect from time to time (plus 2% per
annum at any time Default Interest applies pursuant to Section 2.07(b)), payable in arrears quarterly on the last Business Day of each March, June, September and December, commencing June 30, 2021, and on the
Termination Date and after the Termination Date payable upon demand. 
 (ii)    The Borrower shall pay
to each Issuing Bank for its own account such fronting, issuance and other reasonable fees as may from time to time be agreed in writing between the Borrower and such Issuing Bank. 

(c)    Agent’s Fees. The Borrower shall pay to the Agent for its own account (i) such fees
in the amounts and at the times specified in the Fee Letter and (ii) such fees as may from time to time be agreed between the Borrower and the Agent. 

Section 2.05    Optional Termination or Reduction of the Commitments. The Borrower shall
have the right, upon at least three Business Days’ notice (or, if the facilities are to be refinanced in full, upon notice given on the date of such termination) to the Agent, to terminate in whole or permanently reduce in part the Unused
Revolving Credit Commitments of the Lenders, provided that each partial reduction shall be in the aggregate amount of $5,000,000 or an integral multiple of $1,000,000 in excess thereof and shall be made ratably among the Revolving Lenders in
accordance with their Revolving Credit Commitments. 

  
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 Section 2.06    Repayments. 

(a)    Advances and Swing Line Loans. 

(i)    The Borrower shall repay to the Agent for the account of each Lender on the Termination Date the
aggregate principal amount of the applicable Advances made by such Lender and then outstanding. 

(ii)    The Borrower shall repay each Swing Line Loan on the earlier to occur of (i) the date ten
Business Days after such Loan is made and (ii) the Termination Date. At any time that there shall exist a Defaulting Lender, immediately upon the request of the Swing Line Lender, the Borrower shall repay the outstanding Swing Line Loans made
by the Swing Line Lender in an amount sufficient to eliminate any Fronting Exposure in respect of such Swing Line Loan. 

(b)    Letter of Credit Reimbursements. The obligations of the Borrower under this Agreement, any
Letter of Credit Agreement and any other agreement or instrument, in each case, relating to any Letter of Credit shall be unconditional and irrevocable, and shall be paid strictly in accordance with the terms of this Agreement, such Letter of Credit
Agreement and such other agreement or instrument under all circumstances, including the following circumstances (it being understood that any such payment by the Borrower is without prejudice to, and does not constitute a waiver of, any rights the
Borrower might have or might acquire as a result of the payment by any Issuing Bank of any draft or the reimbursement by the Borrower thereof): 

(i)    any lack of validity or enforceability of this Agreement, any Letter of Credit, any Letter of
Credit Agreement or any other agreement or instrument, in each case, relating thereto (all of the foregoing being, collectively, the “L/C Related Documents”); 

(ii)    any change in the time, manner or place of payment of, or in any other term of, all or any of the
obligations of the Borrower in respect of any L/C Related Document or any other amendment or waiver of or any consent to departure from all or any of the L/C Related Documents; 

(iii)    the existence of any claim, set-off, defense or other
right that the Borrower may have at any time against any beneficiary or transferee of a Letter of Credit (or any Person for which any such beneficiary or transferee may be acting), any Issuing Bank or any other Person, whether in connection with the
transactions contemplated by the L/C Related Documents or any unrelated transaction; 
 (iv)    any
statement or any other document presented under a Letter of Credit proving to be forged, fraudulent, invalid or insufficient in any respect or any statement therein being untrue or inaccurate in any respect; 

(v)    payment by any Issuing Bank under a Letter of Credit against presentation of a draft or certificate
that does not strictly comply with the terms of such Letter of Credit; 
 (vi)    any exchange, release
or non-perfection of any collateral, or any release or amendment or waiver of or consent to departure from any guarantee, for all or any of the obligations of the Borrower in respect of the L/C Related
Documents; or 

  
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 (vii)    any other circumstance or happening
whatsoever, whether or not similar to any of the foregoing, including any other circumstance that might otherwise constitute a defense available to, or a discharge of, the Borrower or a Subsidiary Guarantor. 

Section 2.07    Interest on Loans. 

(a)    Scheduled Interest. The Borrower shall pay interest on the unpaid principal amount of each
Loan owing to each Lender from the date of such Loan until such principal amount shall be paid in full, at the following rates per annum: 

(i)    Base Rate Loans. During such periods as such Loan is a Base Rate Loan (including any Swing
Line Loan), a rate per annum equal at all times to the sum of (x) the Base Rate in effect from time to time plus (y) the Applicable Margin in effect from time to time, payable in arrears quarterly on the last Business Day of each March,
June, September and December during such periods and on the date such Base Rate Loan shall be Converted or paid in full. 

(ii)    Eurodollar Rate Loan. During such periods as such Loan is a Eurodollar Rate Loan, a rate
per annum equal at all times during each Interest Period for such Loan to the sum of (x) the Eurodollar Rate for such Interest Period for such Loan plus (y) the Applicable Margin in effect from time to time, payable in arrears on the last
Business Day of such Interest Period and, if such Interest Period has a duration of more than three months, on each day that occurs during such Interest Period every three months from the first day of such Interest Period and on the date such
Eurodollar Rate Loan shall be Converted or paid in full. 
 (b)    Default Interest. Upon the
occurrence and during the continuance of an Event of Default, the Borrower shall, upon the request of the Required Lenders (or automatically during the continuance of an Event of Default under (x) Section 6.01(a) with
respect to the payment of any principal of any Loan or (y) Section 6.01(e)), pay interest (“Default Interest”) on (i) the principal amount of each Loan owing to each Lender, payable in arrears on
the dates referred to in clause (a)(i) or (a)(ii) above, at a rate per annum equal at all times to 2% per annum above the rate per annum required to be paid on such Loan pursuant to
clause (a)(i) or (a)(ii) above and (ii) to the fullest extent permitted by law, the amount of any interest, fee or other amount payable hereunder that is not paid when due, from the date such
amount shall be due until such amount shall be paid in full, payable in arrears on the date such amount shall be paid in full and on demand, at a rate per annum equal at all times to 2% per annum above the rate per annum required to be paid on Base
Rate Loans pursuant to clause (a)(i) above, provided, however, that following acceleration of the Loans pursuant to Section 6.01, Default Interest shall accrue and be payable
hereunder whether or not previously required by the Required Lenders and such interest shall be payable on demand. 

Section 2.08    Interest Rate Determination. 

(a)    Promptly after receipt of a Notice of Borrowing pursuant to
Section 2.02(a), a notice of Conversion pursuant to Section 2.09 or a notice of selection of an Interest Period pursuant to the terms of the definition of “Interest Period”, the Agent
shall give prompt notice to the Borrower and each Lender of the applicable interest rate determined by the Agent for purposes of Section 2.07(a)(i) or (ii). 

  
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 (b)    If, prior to the end of any Interest Period for
any Borrowing of Eurodollar Rate Loans, the Borrower shall fail to give notice of the election of a new Interest Period for such Borrowing in accordance with the provisions contained in the definition of “Interest Period” in
Section 1.01, the Agent will forthwith so notify the Borrower and the Lenders and such Eurodollar Rate Loans will automatically, on the last day of the then existing Interest Period therefor, Convert into Base Rate Loans.

 (c)    On the date on which the aggregate unpaid principal amount of Eurodollar Rate Loans comprising
any Borrowing shall be reduced, by payment or prepayment or otherwise, to less than $3,000,000, such Loans shall automatically Convert into Base Rate Loans. 

(d)    Upon the occurrence and during the continuance of any Event of Default, (i) each Eurodollar
Rate Loan will automatically, on the last day of the then existing Interest Period therefor, Convert into a Base Rate Loan and (ii) the obligation of the Lenders to make, or to Convert Loans into, Eurodollar Rate Loans shall be suspended. 

(e)    If the Agent is unable to determine the Eurodollar Rate for any Eurodollar Rate Loans in accordance
with the procedures set forth in the definition of Eurodollar Rate, including if the Agent has made a determination that (x) deposits in dollars are not being offered to banks in the London interbank market for the applicable amount and
Interest Period of such Eurodollar Rate Loan or (y) adequate and reasonable means do not exist for determining the Eurodollar Rate for any requested Interest Period with respect to a proposed Eurodollar Rate Loan or in connection with an
existing or proposed Base Rate Loan (in each case, “Impacted Loans”), then, 

(i)    the Agent shall forthwith notify the Borrower and the Lenders that the Eurodollar Rate cannot be
determined, and 
 (ii)    so long as such circumstance continues, (x) the Eurodollar Rate
component of the Base Rate definition shall be disregarded, (y) each Eurodollar Rate Loan will automatically, on the last day of the then existing Interest Period therefor, Convert into a Base Rate Loan and (z) the obligation of the
Lenders to make Eurodollar Rate Loans or to Convert Loans into Eurodollar Rate Loans shall be suspended. 

(iii)    Notwithstanding the foregoing, if the Agent has made the determination described in clause
(x) or (y) of the first sentence of this Section, the Agent, in consultation with the Borrower and the affected Lenders, may establish an alternative interest rate for the Impacted Loans, in which case, such alternative rate of
interest shall apply with respect to the Impacted Loans until (1) the Agent revokes the notice delivered with respect to the Impacted Loans under clause (a) of the first sentence of this Section, (2) the Agent notifies the
Borrower that such alternative interest rate does not adequately and fairly reflect the cost to such Lenders of funding the Impacted Loans, or (3) any Lender determines that any law has made it unlawful, or that any Governmental Authority has
asserted that it is unlawful, for such Lender or its Applicable Lending Office to make, maintain or fund Loans whose interest is determined by reference to such alternative rate of interest or to determine or charge interest rates based upon such
rate or any Governmental Authority has imposed material restrictions on the authority of such Lender to do any of the foregoing and provides the Agent and the Borrower written notice thereof. 

Section 2.09    Optional Conversion of Loans. The Borrower may on any Business
Day, upon notice given to the Agent not later than 11:00 A.M. (New York City time) on the third Business Day 

  
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prior to the date of the proposed Conversion and subject to the provisions of Sections 2.08 and 2.12, Convert all or any portion of any Loans of one Type
comprising the same Borrowing into Loans of the other Type; provided, however, that any Conversion of Eurodollar Rate Loans into Base Rate Loans shall be made only on the last day of an Interest Period for such Eurodollar Rate Loans,
any Conversion of Base Rate Loans into Eurodollar Rate Loans shall be in an amount not less than the minimum amount specified in Section 2.02(b), no Conversion of any Loans shall result in more separate Borrowings of
Eurodollar Rate Loans than permitted under Section 2.02(b) and each Conversion of Loans comprising part of the same Borrowing shall be made ratably among the Lenders in accordance with their applicable Ratable Shares.
Each such notice of a Conversion shall, within the restrictions specified above, specify (i) the date of such Conversion, (ii) the Loans to be Converted, and (iii) if such Conversion is into Eurodollar Rate Loans, the duration of the
initial Interest Period therefor. Each notice of Conversion shall be irrevocable and binding on the Borrower. 

Section 2.10    Prepayments of Loans. The Borrower may on any Business Day, upon
notice to the Agent (such notice to be in a form reasonably acceptable to the Agent, submitted by a Responsible Officer) not later than 11:00 A.M. (New York City time) stating the date and aggregate principal amount of a proposed prepayment,
and if such notice is given the Borrower shall, prepay the outstanding principal amount of Loans comprising part of the same Borrowing in whole or ratably in part, or prepay outstanding Swing Line Loans, in each case, together with accrued interest
to the date of such prepayment on the principal amount prepaid; provided, however, that each partial prepayment shall be in an aggregate principal amount of $5,000,000 or an integral multiple of $1,000,000 in excess thereof, except
that any prepayment of Base Rate Loans may be in any amount that causes the aggregate principal amount of all outstanding Base Rate Loans to be an integral multiple of $1,000,000. In the event of any prepayment of Eurodollar Rate Loans, the Borrower
shall be obligated to reimburse the Lenders in respect thereof pursuant to Section 8.04(c). Subject to the foregoing terms, amounts prepaid under this Section 2.10 shall be applied as the Borrower
may elect; provided that if the Borrower shall fail to specify its elected application with respect to any voluntary prepayment, such voluntary prepayment shall be applied first to Base Rate Loans and then to Eurodollar Rate Loans in direct
order of Interest Period maturities. Each such prepayment shall be applied to the Loans of the applicable Lenders in accordance with their respective applicable Ratable Shares. In the event that the Revolving Credit Exposure exceeds the aggregate
Revolving Credit Commitments at any time (for example, because the issuance of a Letter of Credit by an Issuing Bank on the same date that a new Advance is funded inadvertently causes the Revolving Credit Exposure to exceed the aggregate Revolving
Credit Commitments as of such date), the Borrower shall prepay Advances, prepay Swing Line Loans and/or cash collateralize the Letter of Credit Exposure in an aggregate amount necessary to eliminate such excess; provided, however, that
the Borrower shall not be required to cash collateralize the Letter of Credit Exposure pursuant to this Section 2.10 unless after giving effect to any concurrent prepayment of Advances and/or Swing Line Loans, the Revolving
Credit Exposure exceeds the aggregate Revolving Credit Commitments then in effect. 

Section 2.11    Increased Costs. 

(a)    If, due to either (i) any Change in Law or (ii) the compliance with any guideline or
request issued after the date hereof from any central bank or other Governmental Authority (whether or not having the force of law), there shall be any increase in the cost to any Lender of agreeing to make or making, funding or maintaining
Eurodollar Rate Loans or agreeing to issue or of issuing or maintaining or participating in Letters of Credit (excluding for purposes of this Section 2.11 any such increased costs resulting from (i) Taxes or Other
Taxes (as to which Section 2.14 shall govern) and (ii) changes after the date hereof in the basis of taxation of overall net income or overall gross income by the United States or by the foreign jurisdiction or state
under the laws of which such Lender is organized or has its Applicable Lending Office or any political subdivision thereof), then the Borrower shall from time to time, upon demand by such 

  
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Lender (with a copy of such demand to the Agent), pay to the Agent for the account of such Lender additional amounts sufficient to compensate such Lender for such increased cost; provided,
however, that before making any such demand, each Lender agrees to use reasonable efforts (consistent with its internal policy and legal and regulatory restrictions) to designate a different Applicable Lending Office if the making of such a
designation would avoid the need for, or reduce the amount of, such increased cost and would not, in the reasonable judgment of such Lender, be otherwise disadvantageous to such Lender. A certificate as to the amount of such increased cost,
submitted to the Borrower and the Agent by such Lender, shall be prima facie evidence of the correctness thereof for all purposes, absent manifest error. 

(b)    If any Lender reasonably determines that any Change in Law or compliance with any law or regulation
or any guideline or request from any central bank or other Governmental Authority (whether or not having the force of law) adopted or issued after the date hereof affects or would affect the amount of capital or liquidity required or expected to be
maintained by such Lender or any corporation controlling such Lender and that the amount of such capital or liquidity is increased by or based upon the existence of such Lender’s commitment to lend hereunder and other commitments of this type,
then, upon demand by such Lender (with a copy of such demand to the Agent), the Borrower shall pay to the Agent for the account of such Lender, from time to time as specified by such Lender, additional amounts sufficient to compensate such Lender or
such corporation in the light of such circumstances, to the extent that such Lender reasonably determines such increase in capital or liquidity to be allocable to the existence of such Lender’s commitment to lend hereunder. A certificate as to
such amounts submitted to the Borrower and the Agent by such Lender shall be prima facie evidence of the correctness thereof for all purposes, absent manifest error. 

(c)    Failure or delay on the part of any Lender to demand compensation pursuant to this
Section shall not constitute a waiver of such Lender’s right to demand such compensation; provided that the Borrower shall not be required to compensate a Lender pursuant to this Section for any increased costs or reductions
incurred more than six months prior to the date that such Lender notifies the Borrower of the change or circumstance giving rise to such increased costs or reductions and of such Lender’s intention to claim compensation therefor;
provided, further, that, if the change or circumstance giving rise to such increased costs or reductions is retroactive, then the six-month period referred to above shall be extended to include
the period of retroactive effect thereof. 
 Section 2.12    Illegality. 

Notwithstanding any other provision of this Agreement, if any Lender shall notify the Agent that the introduction of or any change in or in the
interpretation of any law or regulation makes it unlawful, or any central bank or other Governmental Authority asserts that it is unlawful, for any Lender or its Eurodollar Lending Office to perform its obligations hereunder to make Eurodollar Rate
Loans or to fund or maintain Eurodollar Rate Loans hereunder, (a) each Eurodollar Rate Loan made by such Lender will automatically, on the last day of the current Interest Period or, if required by law, upon such demand, Convert into a Base
Rate Loan and (b) the obligation of such Lender to make Eurodollar Rate Loans or to Convert Loans into Eurodollar Rate Loans shall be suspended until the Agent shall notify the Borrower and such Lender that the circumstances causing such
suspension no longer exist; provided, however, that before making any such demand, such Lender agrees to use reasonable efforts (consistent with its internal policy and legal and regulatory restrictions) to designate a different
Eurodollar Lending Office if the making of such a designation would allow such Lender or its Eurodollar Lending Office to continue to perform its obligations to make Eurodollar Rate Loans or to continue to fund or maintain Eurodollar Rate Loans and
would not, in the judgment of such Lender, be otherwise disadvantageous to such Lender. 

  
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Each request for a Eurodollar Rate Borrowing or a Conversion into Eurodollar Rate Loans shall, as to such affected Lender only, be deemed to be a request for a Base Rate Loan, and all payments
and prepayments of principal which would otherwise have been applied to repay the Eurodollar Rate Loans of such Lender shall instead be applied to repay or prepay the Base Rate Loans made by such Lender in lieu thereof, or resulting from the
Conversion of, such Eurodollar Rate Loans. 
 Section 2.13    Payments and
Computations. 
 (a)    The Borrower shall make each payment hereunder, irrespective of any right of
counterclaim or set-off, not later than 11:00 A.M. (New York City time) on the day when due in dollars to the Agent at the Agent’s Account in same day funds. The Agent will promptly thereafter cause
to be distributed like funds relating to the payment of principal or interest or fees or commissions ratably (other than amounts payable pursuant to Section 2.03, 2.11, 2.12, 2.14, 2.20 or
8.04(c)) to the Lenders for the account of their respective Applicable Lending Offices, and like funds relating to the payment of any other amount payable to any Lender to such Lender for the account of its Applicable Lending Office, in each
case to be applied in accordance with the terms of this Agreement. Upon any Assuming Lender becoming a Lender hereunder pursuant to Section 2.18, and upon the Agent’s receipt of such Lender’s Assumption Agreement
and recording of the information contained therein in the Register, from and after the applicable Increase Date, the Agent shall make all payments hereunder and under any Notes issued in connection therewith in respect of the interest assumed
thereby to the Assuming Lender. Upon its acceptance of an Assignment and Acceptance and recording of the information contained therein in the Register pursuant to Section 8.07(c), from and after the effective date specified
in such Assignment and Acceptance, the Agent shall make all payments hereunder and under the Notes in respect of the interest assigned thereby to the Lender assignee thereunder, and the parties to such Assignment and Acceptance shall make all
appropriate adjustments in such payments for periods prior to such effective date directly between themselves. 

(b)    All computations of interest based on the prime rate component of the Base Rate shall be made by the
Agent on the basis of a year of 365 or 366 days, as the case may be, and all computations of interest based on the Eurodollar Rate or the Federal Funds Rate and of fees and Letter of Credit commissions shall be made by the Agent on the basis of a
year of 360 days, in each case for the actual number of days (including the first day but excluding the last day) occurring in the period for which such interest, fees or commissions are payable. Each determination by the Agent of an interest rate
hereunder shall be conclusive and binding for all purposes, absent manifest error. 
 (c)    Whenever any
payment hereunder or under the Notes shall be stated to be due on a day other than a Business Day, such payment shall be made on the next succeeding Business Day, and such extension of time shall in such case be included in the computation of
payment of interest, facility fee or commission, as the case may be; provided, however, that, if such extension would cause payment of interest on Eurodollar Rate Loans to be made in the next following calendar month, such payment
shall be made on the next preceding Business Day. 
 (d)    Unless the Agent shall have received notice
from the Borrower prior to the date on which any payment is due to the Lenders hereunder that the Borrower will not make such payment in full, the Agent may assume that the Borrower has made such payment in full to the Agent on such date and the
Agent may, in reliance upon such assumption, cause to be distributed to each Lender on such due date an amount equal to the amount then due such Lender. If and to the extent the Borrower shall not have so made such payment in full to the Agent, each
Lender shall repay to the Agent forthwith on demand such amount distributed to such Lender together with interest thereon, for each day from the date such amount is distributed to such Lender until the date such Lender repays such amount to the
Agent, at the Federal Funds Rate. 

  
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 Section 2.14    Taxes. 

(a)    Payments Free of Taxes; Obligation to Withhold; Payments on Account of Taxes. 

(i)    Any and all payments by or on account of any obligation of any Loan Party under any Loan Document
shall be made without deduction or withholding for any Taxes, except as required by applicable laws. If any applicable laws (as determined in the good faith discretion of the Agent) require the deduction or withholding of any Tax from any such
payment by the Agent or a Loan Party, then the Agent or such Loan Party shall be entitled to make such deduction or withholding, upon the basis of the information and documentation to be delivered pursuant to clause (e) below. 

(ii)    If any Loan Party or the Agent shall be required by the Internal Revenue Code to withhold or
deduct any Taxes, including both United States Federal backup withholding and withholding taxes, from any payment, then (A) the Agent shall withhold or make such deductions as are determined by the Agent to be required based upon the
information and documentation it has received pursuant to clause (e) below, (B) the Agent shall timely pay the full amount withheld or deducted to the relevant Governmental Authority in accordance with the Internal Revenue Code, and
(C) to the extent that the withholding or deduction is made on account of Indemnified Taxes, the sum payable by the applicable Loan Party shall be increased as necessary so that after any required withholding or the making of all required
deductions (including deductions applicable to additional sums payable under this Section 2.14) the applicable Recipient receives an amount equal to the sum it would have received had no such withholding or deduction been
made. 
 (iii)    If any Loan Party or the Agent shall be required by any applicable Laws other than the
Internal Revenue Code to withhold or deduct any Taxes from any payment, then (A) such Loan Party or the Agent, as required by such Laws, shall withhold or make such deductions as are determined by it to be required based upon the information
and documentation it has received pursuant to clause (e) below, (B) such Loan Party or the Agent, to the extent required by such Laws, shall timely pay the full amount withheld or deducted to the relevant Governmental Authority in
accordance with such Laws, and (C) to the extent that the withholding or deduction is made on account of Indemnified Taxes, the sum payable by the applicable Loan Party shall be increased as necessary so that after any required withholding or
the making of all required deductions (including deductions applicable to additional sums payable under this Section 2.14) the applicable Recipient receives an amount equal to the sum it would have received had no such
withholding or deduction been made. 
 (b)    Payment of Other Taxes by the Loan Parties. Without
limiting the provisions of clause (a) above, the Loan Parties shall timely pay to the relevant Governmental Authority in accordance with applicable law, or at the option of the Agent timely reimburse it for the payment of, any Other
Taxes. 

  
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 (c)    Tax Indemnifications. 

(i)    Each of the Loan Parties shall, and does hereby, jointly and severally indemnify each Recipient,
and shall make payment in respect thereof within 10 days after demand therefor, for the full amount of any Indemnified Taxes (including Indemnified Taxes imposed or asserted on or attributable to amounts payable under this
Section 2.14) payable or paid by such Recipient or required to be withheld or deducted from a payment to such Recipient, and any penalties, interest and reasonable expenses arising therefrom or with respect thereto, whether
or not such Indemnified Taxes were correctly or legally imposed or asserted by the relevant Governmental Authority. A certificate as to the amount of such payment or liability delivered to the Borrower by a Lender or an Issuing Bank (with a copy to
the Agent), or by the Agent on its own behalf or on behalf of a Lender or an Issuing Bank, shall be conclusive absent manifest error. Each of the Loan Parties shall, and does hereby, jointly and severally indemnify the Agent, and shall make payment
in respect thereof within 10 days after demand therefor, for any amount which a Lender or an Issuing Bank for any reason fails to pay indefeasibly to the Agent as required pursuant to Section 2.14(c)(ii) below. 

(ii)    Each Lender and each Issuing Bank shall, and does hereby, severally indemnify, and shall make
payment in respect thereof within 10 days after demand therefor, (x) the Agent against any Indemnified Taxes attributable to such Lender or such Issuing Bank (but only to the extent that any Loan Party has not already indemnified the Agent for
such Indemnified Taxes and without limiting the obligation of the Loan Parties to do so), (y) the Agent and the Loan Parties, as applicable, against any Taxes attributable to such Lender’s failure to comply with the provisions of
Section 8.07(d) relating to the maintenance of a Participant Register and (z) the Agent and the Loan Parties, as applicable, against any Excluded Taxes attributable to such Lender or such Issuing Bank, in each case,
that are payable or paid by the Agent or a Loan Party in connection with any Loan Document, and any reasonable expenses arising therefrom or with respect thereto, whether or not such Taxes were correctly or legally imposed or asserted by the
relevant Governmental Authority. A certificate as to the amount of such payment or liability delivered to any Lender by the Agent shall be conclusive absent manifest error. Each Lender and each Issuing Bank hereby authorizes the Agent to set off and
apply any and all amounts at any time owing to such Lender or such Issuing Bank, as the case may be, under this Agreement or any other Loan Document against any amount due to the Agent under this clause (ii). 

(d)    Evidence of Payments. Upon request by any Loan Party or the Agent, as the case may be, after
any payment of Taxes by any Loan Party or by the Agent to a Governmental Authority as provided in this Section 2.14, each Loan Party shall deliver to the Agent or the Agent shall deliver to the Borrower, as the case may be,
the original or a certified copy of a receipt issued by such Governmental Authority evidencing such payment, a copy of any return required by law to report such payment or other evidence of such payment reasonably satisfactory to the Borrower or the
Agent, as the case may be. 
 (e)    Status of Lenders; Tax Documentation. 

(i)    Any Lender that is entitled to an exemption from or reduction of withholding Tax with respect to
payments made under any Loan Document shall deliver to the Borrower and the Agent, at the time or times reasonably requested by the Borrower or the Agent, such properly completed and executed documentation reasonably requested by the Borrower or the
Agent as will permit such payments to be made without withholding or at a reduced rate of withholding. In addition, any Lender, if reasonably 

  
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requested by the Borrower or the Agent, shall deliver such other documentation prescribed by applicable law or reasonably requested by the Borrower or the Agent as will enable the Borrower or the
Agent to determine whether or not such Lender is subject to backup withholding or information reporting requirements. Notwithstanding anything to the contrary in the preceding two sentences, the completion, execution and submission of such
documentation (other than such documentation set forth in Section 2.14(e)(ii)(A), (ii)(B) and (ii)(D) below) shall not be required if in the Lender’s reasonable judgment such completion, execution or
submission would subject such Lender to any material unreimbursed cost or expense or would materially prejudice the legal or commercial position of such Lender. 

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

 1.    any Lender that is a U.S. Person shall deliver to the Borrower and the Agent on or prior to the
date on which such Lender becomes a Lender under this Agreement (and from time to time thereafter upon the reasonable request of the Borrower or the Agent), executed originals of IRS Form W-9 certifying that
such Lender is exempt from U.S. federal backup withholding tax; 
 2.    any Foreign Lender shall, to
the extent it is legally entitled to do so, deliver to the Borrower and the Agent (in such number of copies as shall be requested by the recipient) on or prior to the date on which such Foreign Lender becomes a Lender under this Agreement (and from
time to time thereafter upon the reasonable request of the Borrower or the Agent), whichever of the following is applicable: 

(A)    in the case of a Foreign Lender claiming the benefits of an income tax treaty to which the United
States is a party (x) with respect to payments of interest under any Loan Document, executed originals of IRS Form W-8BEN or
W-8BEN-E, as applicable, establishing an exemption from, or reduction of, U.S. federal withholding Tax pursuant to the “interest” article of such tax treaty
and (y) with respect to any other applicable payments under any Loan Document, IRS Form W-8BEN or W-8BEN-E, as applicable,
establishing an exemption from, or reduction of, U.S. federal withholding Tax pursuant to the “business profits” or “other income” article of such tax treaty; 

(B)    executed originals of Internal Revenue Service Form W-8ECI,

 (C)    in the case of a Foreign Lender claiming the benefits of the exemption for portfolio interest
under Section 881(c) of the Internal Revenue Code, (x) a certificate substantially in the form of Exhibit F-1 to the effect that such Foreign Lender is not a “bank” within the meaning of
Section 881(c)(3)(A) of the Internal Revenue Code, a “10 percent shareholder” of the Borrower within the meaning of Section 881(c)(3)(B) of the Internal Revenue Code, or a “controlled foreign corporation” described
in Section 881(c)(3)(C) of the Internal Revenue Code (a “U.S. Tax Compliance Certificate”) and (y) executed originals of IRS Form W-8BEN or W-8BEN-E, as applicable; or 

  
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 (D)    to the extent a Foreign Lender is not the
beneficial owner, executed originals of IRS Form W-8IMY, accompanied by IRS Form W-8ECI, IRS Form W-8BEN or W-8BEN-E, as applicable, a U.S. Tax Compliance Certificate substantially in the form of Exhibit F-2 or Exhibit F-3, IRS Form W-9, and/or other certification documents from each beneficial owner, as applicable; provided that if the Foreign Lender is a partnership and one or more direct
or indirect partners of such Foreign Lender are claiming the portfolio interest exemption, such Foreign Lender may provide a U.S. Tax Compliance Certificate substantially in the form of Exhibit F-4 on behalf
of each such direct and indirect partner; 
 3.    any Foreign Lender shall, to the extent it is legally
entitled to do so, deliver to the Borrower and the Agent (in such number of copies as shall be requested by the recipient) on or prior to the date on which such Foreign Lender becomes a Lender under this Agreement (and from time to time thereafter
upon the reasonable request of the Borrower or the Agent), executed originals of any other form prescribed by applicable law as a basis for claiming exemption from or a reduction in U.S. federal withholding Tax, duly completed, together with such
supplementary documentation as may be prescribed by applicable law to permit the Borrower or the Agent to determine the withholding or deduction required to be made; and 

4.    if a payment made to a Lender under any Loan Document would be subject to U.S. federal withholding
Tax imposed by FATCA if such Lender were to fail to comply with the applicable reporting requirements of FATCA (including those contained in Section 1471(b) or 1472(b) of the Internal Revenue Code, as applicable), such Lender shall deliver to
the Borrower and the Agent at the time or times prescribed by law and at such time or times reasonably requested by the Borrower or the Agent such documentation prescribed by applicable law (including as prescribed by Section 1471(b)(3)(C)(i)
of the Internal Revenue Code) and such additional documentation reasonably requested by the Borrower or the Agent as may be necessary for the Borrower and the Agent to comply with their obligations under FATCA and to determine that such Lender has
complied with such Lender’s obligations under FATCA or to determine the amount to deduct and withhold from such payment. Solely for purposes of this clause (D), “FATCA” shall include any amendments made to FATCA after the date
of this Agreement. 
 (iii)    Each Lender agrees that if any form or certification it previously
delivered pursuant to this Section 2.14 expires or becomes obsolete or inaccurate in any respect, it shall update such form or certification or promptly notify the Borrower and the Agent in writing of its legal inability to
do so. 
 (f)    Treatment of Certain Refunds. Unless required by applicable laws, at no time
shall the Agent have any obligation to file for or otherwise pursue on behalf of a Lender or an Issuing Bank, or have any obligation to pay to any Lender or any Issuing Bank, any refund of 

  
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Taxes withheld or deducted from funds paid for the account of such Lender or such Issuing Bank, as the case may be. If any Recipient determines, in its sole discretion exercised in good faith,
that it has received a refund of any Taxes as to which it has been indemnified by any Loan Party or with respect to which any Loan Party has paid additional amounts pursuant to this Section 2.14, it shall pay to the Loan
Party an amount equal to such refund (but only to the extent of indemnity payments made, or additional amounts paid, by a Loan Party under this Section 2.14 with respect to the Taxes giving rise to such refund), net of all out-of-pocket expenses (including Taxes) incurred by such Recipient, and without interest (other than any interest paid by the relevant Governmental Authority with respect to
such refund), provided that the Loan Party, upon the request of the Recipient, agrees to repay the amount paid over to the Loan Party (plus any penalties, interest or other charges imposed by the relevant Governmental Authority) to the Recipient in
the event the Recipient is required to repay such refund to such Governmental Authority. Notwithstanding anything to the contrary in this clause, in no event will the applicable Recipient be required to pay any amount to the Loan Party pursuant to
this clause the payment of which would place the Recipient in a less favorable net after-Tax position than such Recipient would have been in if the Tax subject to indemnification and giving rise to such refund
had not been deducted, withheld or otherwise imposed and the indemnification payments or additional amounts with respect to such Tax had never been paid. This clause shall not be construed to require any Recipient to make available its tax returns
(or any other information relating to its taxes that it deems confidential) to any Loan Party or any other Person. 

(g)    Survival. Each party’s obligations under this Section 2.14
shall survive the resignation or replacement of the Agent or any assignment of rights by, or the replacement of, a Lender or an Issuing Bank, the termination of the Commitments and the repayment, satisfaction or discharge of all other obligations.

 (h)    For purposes of determining withholding Taxes imposed by FATCA, from and after the Closing
Date, the Borrower and the Agent shall treat (and the Lenders hereby authorize the Agent to treat) this Agreement as not qualifying as a “grandfathered obligation” within the meaning of Treasury Regulation
1.1471-2(b)(2)(i). 
 Section 2.15    Sharing of
Payments, Etc. 
 (a)    If any Lender shall obtain any payment (whether voluntary, involuntary,
through the exercise of any right of set-off, or otherwise) on account of the Loans owing to it (other than pursuant to Section 2.11, 2.12, 2.14, 2.20 or
8.04(c)) in excess of its ratable share of payments on account of the Loans obtained by all the Lenders, such Lender shall forthwith purchase from the other Lenders such participations in the Loans owing to them as shall be necessary to cause
such purchasing Lender to share the excess payment ratably with each of them; provided, however, that if all or any portion of such excess payment is thereafter recovered from such purchasing Lender, such purchase from each Lender
shall be rescinded and such Lender shall repay to the purchasing Lender the purchase price to the extent of such recovery together with an amount equal to such Lender’s ratable share (according to the proportion of (i) the amount of such
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. The Borrower agrees that
any Lender so purchasing a participation from another Lender pursuant to this Section 2.15 may, to the fullest extent permitted by law, exercise all its rights of payment (including the right of set-off) with respect to such participation as fully as if such Lender were the direct creditor of the Borrower in the amount of such participation. 

  
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 (b)    If any Lender shall fail to make any payment
required to be made by it pursuant to Section 2.03(b) or (c), 2.02(d), 2.15(a), 2.22(c) or 7.05(a), then the Agent may, in its discretion and notwithstanding any contrary provision hereof,
(i) apply any amounts thereafter received by the Agent for the account of such Lender for the benefit of the Agent, the Swing Line Lender or any Issuing Bank to satisfy such Lender’s obligations to it under such Section until all such
unsatisfied obligations are fully paid, and/or (ii) hold any such amounts in a segregated account as cash collateral for, and application to, any future funding obligations of such Lender under any such Section, in the case of each of
clauses (i) and (ii) above, in any order as determined by the Agent in its discretion. 

Section 2.16    Evidence of Debt. 

(a)    Each Lender shall maintain in accordance with its usual practice an account or accounts evidencing
the indebtedness of the Borrower to such Lender resulting from each Loan owing to such Lender from time to time, including the amounts of principal and interest payable and paid to such Lender from time to time hereunder in respect of Loans. The
Borrower agrees that (i) upon notice by any Lender to the Borrower (with a copy of such notice to the Agent) to the effect that a Note is required or appropriate in order for such Lender to evidence (whether for purposes of pledge, enforcement
or otherwise) the Loans owing to, or to be made by, such Lender, the Borrower shall promptly execute and deliver to such Lender a Note payable to the order of such Lender and (ii) upon notice by the Swing Line Lender to the Borrower (with a
copy of such notice to the Agent) to the effect that a Note is required or appropriate in order for the Swing Line Lender to evidence (whether for purposes of pledge, enforcement or otherwise) the Swing Line Loans owing to, or to be made by, the
Swing Line Lender, the Borrower shall promptly execute and deliver to such Lender a Swing Line Note payable to the order of the Swing Line Lender. 

(b)    The Register maintained by the Agent pursuant to
Section 8.07(d) shall include a control account, and a subsidiary account for each Lender, in which accounts (taken together) shall be recorded (i) the date and amount of each Borrowing made hereunder, the Type of
Loans comprising such Borrowing and, if appropriate, the Interest Period applicable thereto, (ii) the terms of each Assumption Agreement and each Assignment and Acceptance delivered to and accepted by it, (iii) the amount of any principal
or interest due and payable or to become due and payable from the Borrower to each Lender hereunder and (iv) the amount of any sum received by the Agent from the Borrower hereunder and each Lender’s share thereof. 

(c)    Entries made in good faith by the Agent in the Register pursuant to clause (b) above,
and by each Lender in its account or accounts pursuant to clause (a) above, shall be prima facie evidence of the amount of principal and interest due and payable or to become due and payable from the Borrower to, in the case of the
Register, each Lender and, in the case of such account or accounts, such Lender, under this Agreement, absent manifest error; provided, however, that the failure of the Agent or such Lender to make an entry, or any finding that an
entry is incorrect, in the Register or such account or accounts shall not limit or otherwise affect the obligations of the Borrower under this Agreement. 

Section 2.17    Use of Proceeds. The proceeds of the Revolving Credit Facility
shall be available (and the Borrower agrees that it shall use such proceeds) solely for (i) working capital, (ii) repayment of any outstanding revolving loans under the Existing Credit Agreement, and (iii) lawful corporate purposes of
the Borrower and its Subsidiaries. 

  
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 Section 2.18    Increase in the Aggregate
Commitments. The Borrower may, at any time but in any event not more than twice in any calendar year, by notice to the Agent, request an increase to the aggregate amount of the Revolving Credit Commitments (an “Increase”), with
all such Increases to be in an aggregate amount not to exceed $250,000,000 and to be effective as of a date that is at least 90 days prior to the Termination Date (the “Increase Date”) as specified in the related notice to the
Agent; provided, however, that (i) the requested Increase shall be an amount of $20,000,000 or an integral multiple of $5,000,000 in excess thereof and (ii) on the date of any request by the Borrower for an Increase and on
the related Increase Date (A) the representations and warranties contained in Section 4.01 shall be true and correct (except to the extent such representation and warranty is qualified by Material Adverse Effect or
other materiality, in which case it shall be true and correct in all respects) on and as of such date, before and after giving effect to such Increase, as though made on and as of such date and (B) no event has occurred and is continuing, or
would result from such Increase, that constitutes a Default and (iv) no Increase with respect to the Revolving Credit Commitments shall increase the sublimit under the Letter of Credit Facility. 

(a)    If the Borrower requests an Increase, the Agent shall promptly notify such Lenders or Eligible
Assignees as the Borrower may direct of a request by the Borrower for an Increase, which notice shall include (A) the proposed amount of such requested Increase, (B) the proposed Increase Date and (C) the date by which Lenders wishing
to participate in the Increase must commit to an increase in the amount of their respective Commitments. Each such Lender that is willing to participate in such requested Increase (each an “Increasing Revolving Lender”) shall, in
its sole discretion, give written notice to the Agent on or prior to the relevant deadline of the amount by which it is willing to increase its Revolving Credit Commitment. The requested Increase shall be allocated among the Lenders willing to
participate therein and the applicable Assuming Lenders in such amounts as are agreed between the Borrower and the Agent. Any Lender failing to notify the Agent by the relevant deadline shall be deemed to have declined to increase its Revolving
Credit Commitment. 
 (b)    On each Increase Date, each Eligible Assignee that accepts an offer to
participate in a requested Increase in accordance with Section 2.18(a) (each such Eligible Assignee, an “Assuming Revolving Lender”) shall become a Lender party to this Agreement as of such Increase
Date and the Revolving Credit Commitment of each Increasing Lender for such requested Increase shall be so increased by such amount (or by the amount allocated to such Lender pursuant to the last sentence of Section 2.18(a)
as of such Increase Date); provided, however, that the Revolving Credit Commitment of each such Eligible Assignee shall be in an amount of $5,000,000 or an integral multiple of $1,000,000 in excess thereof and the Agent shall have
received on or before such Increase Date the following, each dated such date: 
 (i)    certified copies
of resolutions of the Board of Directors of the Borrower or the Executive Committee of such Board authorizing the Increase (to the extent not authorized by resolutions previously delivered pursuant hereto); 

(ii)    an opinion of counsel for the Borrower (which may be
in-house counsel); 
 (iii)    an assumption agreement from each
Assuming Lender, if any, in form and substance satisfactory to the Borrower and the Agent (each an “Assumption Agreement”), duly executed by such Eligible Assignee, the Agent and the Borrower; and 

(iv)    confirmation from each Increasing Lender of the increase in the amount of its Revolving Credit
Commitment in a writing satisfactory to the Borrower and the Agent. 

  
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 On each Increase Date, upon fulfillment of the conditions set forth in the
immediately preceding sentence of this Section 2.18(b), the Agent shall notify the Lenders (including each Assuming Revolving Lender) and the Borrower, on or before 1:00 P.M. (New York City time), of the occurrence of
the Increase to be effected on such Increase Date and shall record in the Register the relevant information with respect to each Increasing Revolving Lender and each Assuming Revolving Lender on such date. Each Increasing Revolving Lender and each
Assuming Revolving Lender shall, before 2:00 P.M. (New York City time) on the Increase Date, make available for the account of its Applicable Lending Office to the Agent at the Agent’s Account, in same day funds, in the case of such
Assuming Revolving Lender, an amount equal to such Assuming Revolving Lender’s ratable portion of the Advances then outstanding (calculated based on its Revolving Credit Commitment as a percentage of the aggregate Revolving Credit Commitments
outstanding after giving effect to the relevant Increase) and, in the case of such Increasing Revolving Lender, an amount equal to the excess of (i) such Increasing Revolving Lender’s ratable portion of the Advances then outstanding
(calculated based on its Revolving Credit Commitment as a percentage of the aggregate Revolving Credit Commitments outstanding after giving effect to the relevant Increase) over (ii) such Increasing Revolving Lender’s ratable portion of
the Advances then outstanding (calculated based on its Revolving Credit Commitment (without giving effect to the relevant Increase) as a percentage of the aggregate Revolving Credit Commitments (without giving effect to the relevant Increase). After
the Agent’s receipt of such funds from each such Increasing Revolving Lender and each such Assuming Revolving Lender, the Agent will promptly thereafter cause to be distributed like funds to the other Lenders for the account of their respective
Applicable Lending Offices in an amount to each other Lender such that the aggregate amount of the outstanding Advances owing to each Lender after giving effect to such distribution equals such Lender’s ratable portion of the Advances then
outstanding (calculated based on its Revolving Credit Commitment as a percentage of the aggregate Revolving Credit Commitments outstanding after giving effect to the relevant Increase). 

Section 2.19    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)    (x) Each Defaulting Lender shall be
entitled to receive any facility fee pursuant to Section 2.04(a) for any period during which that Lender is a Defaulting Lender only to extent allocable to the sum of (1) the outstanding amount of the Advances funded
by it and (2) its Ratable Share of the stated amount of Letters of Credit for which it has provided cash collateral (and the Borrower shall (A) be required to pay to each Issuing Bank the amount of such fee allocable to its Letter of
Credit Exposure arising from that Defaulting Lender, (B) with respect to any facility fee that a Defaulting Lender is not entitled to receive pursuant to clause (x) above, be required to pay (without duplication of any other payment
obligation of the Borrower with respect to facility fees) to the Agent for the account of each non-Defaulting Lender that portion of any such facility fee otherwise payable for the account of such Defaulting
Lender with respect to such Defaulting Lender’s participation in Letters of Credit and Swing Line Loans that has been reallocated to such non-Defaulting Lenders pursuant to clause (c) below
and (C) not be required to pay the remaining amount of such fee that otherwise would have been required to have been paid to that Defaulting Lender) and (y) any Letter of Credit fees otherwise payable for the account of a Defaulting Lender
with respect to any Letter of Credit as to which such Defaulting 

  
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Lender has not provided cash collateral satisfactory to the applicable Issuing Bank pursuant to this Section 2.19 shall be payable, to the maximum extent permitted by
applicable law, to the other Lenders in accordance with the upward adjustments in their respective Ratable Shares allocable to such Letter of Credit pursuant to Section 2.19(c) with the balance of such fee, if any, payable
to the applicable Issuing Bank for its own account. 
 (b)    subject to the last sentence of
Section 8.01, the Unused Revolving Credit Commitment and Revolving Credit Exposure of such Defaulting Lender shall not be included in determining whether any group of Lenders have taken or may take any action hereunder
(including any consent to any amendment, waiver or other modification pursuant to Section 8.01); 

(c)    if any Letter of Credit Exposure exists or any Swing Line Loans are outstanding at the time such
Lender becomes a Defaulting Lender then: 
 (i)    all or any part of the Letter of Credit Exposure and
participations in outstanding Swing Line Loans of such Defaulting Lender shall be reallocated among the non-Defaulting Lenders in accordance with their respective Ratable Shares but only to the extent that
(A) the sum of all non-Defaulting Lenders’ Revolving Credit Exposures plus such Defaulting Lender’s Letter of Credit Exposure plus such Defaulting Lender’s participations in outstanding
Swing Line Loans does not exceed the total of all non-Defaulting Lenders’ Revolving Credit Commitments and (B) the conditions set forth in Section 3.02 are satisfied at the
time of such reallocation; 
 (ii)    if the reallocation described in clause (i) above
cannot, or can only partially, be effected, the Borrower shall, within one Business Day following the Borrower’s receipt of a written request from the Agent, first, prepay Swing Line Loans in an amount equal to the Swing Line Lender’s
Fronting Exposure and second, cash collateralize for the benefit of the applicable Issuing Bank only the Borrower’s obligations corresponding to such Defaulting Lender’s Letter of Credit Exposure (after giving effect to any partial
reallocation pursuant to clause (i) above) in accordance with the procedures set forth in Section 6.02 for so long as such Letter of Credit Exposure is outstanding; 

(iii)    if the Borrower cash collateralizes any portion of such Defaulting Lender’s Letter of Credit
Exposure pursuant to clause (ii) above, the Borrower shall not be required to pay any fees to such Defaulting Lender pursuant to Section 2.04(b)(i) with respect to such Defaulting Lender’s Letter of Credit
Exposure during the period such Defaulting Lender’s Letter of Credit Exposure is cash collateralized; 

(iv)    if the Letter of Credit Exposure and participations in Swing Line Loans of the non-Defaulting Lenders is reallocated pursuant to clause (i) above, then the fees payable to the Lenders pursuant to Section 2.04(b)(i) shall be adjusted in accordance with such
non-Defaulting Lenders’ Ratable Shares; and 
 (v)    if
all or any portion of such Defaulting Lender’s Letter of Credit Exposure is neither reallocated nor cash collateralized pursuant to clause (i) or (ii) above, then, without prejudice to any rights or remedies of the Issuing
Banks or any other Lender hereunder, all facility fees that otherwise would have been payable to such Defaulting Lender (solely with respect to the portion of such Defaulting Lender’s Commitment that was utilized by such Letter of Credit
Exposure) and letter of credit fees 

  
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payable under Section 2.04(b)(i) with respect to such Defaulting Lender’s Letter of Credit Exposure shall be payable to the applicable Issuing Bank until and to the
extent that such Letter of Credit Exposure is reallocated and/or cash collateralized; and 
 (d)    so
long as such Lender is a Defaulting Lender, (i) no Issuing Bank shall be required to issue, amend or increase any Letter of Credit, unless it is satisfied that the related exposure and the Defaulting Lender’s then outstanding Letter of
Credit Exposure will be 100% covered by the Commitments and Letter of Credit Commitments of the non-Defaulting Lenders and/or cash collateral will be provided by the Borrower in accordance with
Section 2.19(c), and participating interests in any newly issued or increased Letter of Credit shall be allocated among non-Defaulting Lenders in a manner consistent with
Section 2.19(c)(i) (and such Defaulting Lender shall not participate therein) and (ii) the Swing Line Lender shall not be required to make any Swing Line Loans, unless it is satisfied that it shall have no Fronting
Exposure after giving effect to such Swing Line Loan). 
 If (i) a Bankruptcy Event with respect to a Parent of any Lender shall occur
following the date hereof and for so long as such event shall continue or (ii) any Issuing Bank and/or the Swing Line Lender has a good faith belief that any Lender has defaulted in fulfilling its obligations under one or more other agreements
in which such Lender commits to extend credit, (x) such Issuing Bank shall not be required to issue, amend or increase any Letter of Credit, and (y) the Swing Line Lender shall not be required to make any Swing Line Loans, unless the
Issuing Bank and/or Swing Line Lender, as applicable, shall have entered into arrangements with the Borrower or such Lender, satisfactory to the Issuing Bank and/or Swing Line Lender, as applicable, to defease any risk remaining (after giving effect
to any reallocation or the provision of cash collateral as provided above) to it in respect of such Lender hereunder. 
 In the event that
the Agent, the Borrower, the Swing Line Lender and the Issuing Banks each agree that a Defaulting Lender has adequately remedied all matters that caused such Lender to be a Defaulting Lender, then (x) the Letter of Credit Exposure of the
Lenders shall be readjusted to reflect the inclusion of such Lender’s Letter of Credit Commitment and (y) on such date as is reasonably determined by the Agent such Lender shall purchase at par such of the Loans of the other Lenders and
the participations in Swing Line Loans as the Agent shall determine may be necessary in order for such Lender to hold such Loans and participations in Swing Line Loans in accordance with its Ratable Share (and such Lender shall be responsible for
any resulting breakage costs). 
 Section 2.20    Regulation D
Compensation. Each Lender that is subject to reserve requirements of the Board (or any successor) may require the Borrower to pay, contemporaneously with each payment of interest on any Eurodollar Rate Loan of such Lender, additional
interest on such Eurodollar Rate Loan at the rate per annum equal to the excess of (i) (A) the applicable Eurodollar Rate divided by (B) one minus the Eurodollar Reserve Percentage over (ii) the rate specified in
clause (i)(A). Any Lender wishing to require payment of such additional interest (x) shall so notify the Agent and the Borrower, in which case such additional interest on the Eurodollar Rate Loans of such Lender shall
be payable to such Lender at the place indicated in such notice with respect to each Interest Period commencing at least five Business Days after the giving of such notice and (y) shall notify the Agent and the Borrower at least five Business
Days prior to each date on which interest is payable of the amount then due it under this Section. 

Section 2.21    Benchmark Replacement Setting. 

(a)    Benchmark Replacement. Notwithstanding anything to the contrary herein or in any other Loan
Document (and any Hedge Agreement shall be deemed not to be a “Loan Document” for purposes of this Section 2.21) if a Benchmark Transition Event or an Early Opt-in 

  
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Election, as applicable, and its related Benchmark Replacement Date have occurred prior to the Reference Time in respect of any setting of the then-current Benchmark, then (x) if a Benchmark
Replacement is determined in accordance with clause (1) or (2) of the definition of “Benchmark Replacement” for such Benchmark Replacement Date, such Benchmark Replacement will replace such Benchmark for all purposes hereunder
and under any Loan Document in respect of such Benchmark setting and subsequent Benchmark settings without any amendment to, or further action or consent of any other party to, this Agreement or any other Loan Document and (y) if a
Benchmark Replacement is determined in accordance with clause (3) of the definition of “Benchmark Replacement” for such Benchmark Replacement Date, such Benchmark Replacement will replace such Benchmark for all purposes
hereunder and under any Loan Document in respect of any Benchmark setting at or after 5:00 p.m. (New York City time) on the fifth (5th) Business Day after the date notice of such Benchmark Replacement is provided to the Lenders without any
amendment to, or further action or consent of any other party to, this Agreement or any other Loan Document so long as the Agent has not received, by such time, written notice of objection to such Benchmark Replacement from Lenders comprising the
Required Lenders. 
 (b)    Notwithstanding anything to the contrary herein or in any other Loan Document
and subject to the proviso below in this paragraph, if a Term SOFR Transition Event and its related Benchmark Replacement Date have occurred prior to the Reference Time in respect of any setting of the then-current Benchmark, then the applicable
Benchmark Replacement will replace the then-current Benchmark for all purposes hereunder or under any Loan Document in respect of such Benchmark setting and subsequent Benchmark settings, without any amendment to, or further action or consent of any
other party to, this Agreement or any other Loan Document; provided that, this clause (b) shall not be effective unless the Agent has delivered to the Lenders and the Borrower a Term SOFR Notice. For the avoidance of doubt, the Agent
shall not be required to deliver a Term SOFR Notice after a Term SOFR Transition Event and may do so in its sole discretion. 

(c)    Benchmark Replacement Conforming Changes. In connection with the implementation of a
Benchmark Replacement, the Agent will have the right to make Benchmark Replacement Conforming Changes from time to time and, notwithstanding anything to the contrary herein or in any other Loan Document, any amendments implementing such Benchmark
Replacement Conforming Changes will become effective without any further action or consent of any other party to this Agreement or any other Loan Document. 

(d)    Notices; Standards for Decisions and Determinations. The Agent will promptly notify the
Borrower and the Lenders of (i) any occurrence of a Term SOFR Transition Event or an Early Opt-in Election, as applicable, and its related Benchmark Replacement Date, (ii) the implementation of any Benchmark Replacement,
(iii) the effectiveness of any Benchmark Replacement Conforming Changes, (iv) the removal or reinstatement of any tenor of a Benchmark pursuant to clause (e) below and (v) the commencement or
conclusion of any Benchmark Unavailability Period. Any determination, decision or election that may be made by the Agent or, if applicable, any Lender (or group of Lenders) pursuant to this Section 2.21, including any determination with
respect to a tenor, rate or adjustment or of the occurrence or non-occurrence of an event, circumstance or date and any decision to take or refrain from taking any action or any selection, will be conclusive and binding absent manifest error and may
be made in its or their sole discretion and without consent from any other party to this Agreement or any other Loan Document, except, in each case, as expressly required pursuant to this Section 2.21. 

  
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 (e)    Unavailability of Tenor of Benchmark.
Notwithstanding anything to the contrary herein or in any other Loan Document, at any time (including in connection with the implementation of a Benchmark Replacement), (i) if the then-current Benchmark is a term rate (including Term SOFR or USD
LIBOR) and either (A) any tenor for such Benchmark is not displayed on a screen or other information service that publishes such rate from time to time as selected by the Agent in its reasonable discretion or (B) the regulatory
supervisor for the administrator of such Benchmark has provided a public statement or publication of information announcing that any tenor for such Benchmark (1) is or will be no longer representative or (2) will cease to be
provided by the administrator permanently or indefinitely as of a specified date, then the Agent may modify the definition of “Interest Period” for any Benchmark settings at or after such time to remove such affected tenor and
(ii) if a tenor that was removed pursuant to clause (i) above either (A) is subsequently displayed on a screen or information service for a Benchmark (including a Benchmark Replacement) or (B) is not,
or is no longer, subject to an announcement that it is or will no longer be representative or will cease to be provided by the administrator for a Benchmark (including a Benchmark Replacement), then the Agent may modify the definition of
“Interest Period” for all Benchmark settings at or after such time to reinstate such previously removed tenor. 

(f)    Benchmark Unavailability Period. Upon the Borrower’s receipt of notice of the
commencement of a Benchmark Unavailability Period, the Borrower may revoke any request for a Eurodollar Rate Loan, conversion to or continuation of Eurodollar Rate Loans to be made, converted or continued during any Benchmark Unavailability Period
and, failing that, the Borrower will be deemed to have converted any such request into a request for an Advance of or conversion to Base Rate Loans. During any Benchmark Unavailability Period or at any time that a tenor for the then-current
Benchmark is not an Available Tenor, the component of Base Rate based upon the then-current Benchmark or such tenor for such Benchmark, as applicable, will not be used in any determination of the Base Rate. 

Section 2.22    The Swing Line. 

(a)    Subject to the terms and conditions set forth herein, the Swing Line Lender, in reliance upon the
agreements of the other Lenders set forth in this Section 2.22, may in its sole discretion make loans (each such loan, a “Swing Line Loan”) to the Borrower from time to time on any Business Day in an
aggregate amount not to exceed at any time outstanding the amount of the Swing Line Sublimit; provided, however, that (x) after giving effect to any Swing Line Loan, (i) the total outstanding amount of Advances plus
outstanding Letters of Credit plus outstanding Swing Line Loans shall not exceed the aggregate Revolving Credit Commitments, and (ii) the Revolving Credit Exposure of any Lender shall not exceed such Lender’s Revolving Credit Commitment,
(y) the Borrower shall not use the proceeds of any Swing Line Loan to refinance any outstanding Swing Line Loan, and (z) the Swing Line Lender shall not be under any obligation to make any Swing Line Loan if it shall determine (which
determination shall be conclusive and binding absent manifest error) that it has, or by the making of such Swing Line Loan may have, Fronting Exposure. Within the foregoing limits, and subject to the other terms and conditions hereof, the Borrower
may borrow under this Section 2.22, prepay under Section 2.10, and reborrow under this Section 2.22. Each Swing Line Loan shall be a Base Rate Loan. Immediately upon the
making of a Swing Line Loan, each Lender shall be deemed to, and hereby irrevocably and unconditionally agrees to, purchase from the Swing Line Lender a risk participation in such Swing Line Loan in an amount equal to the product of such
Lender’s Ratable Share times the amount of such Swing Line Loan. 

  
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 (b)    Borrowing Procedures. Each Swing Line
Borrowing shall be made upon the Borrower’s irrevocable notice to the Swing Line Lender and the Agent, which may be given by (A) telephone or (B) by a Swing Line Loan Notice; provided that any telephonic notice must be
confirmed promptly by delivery to the Swing Line Lender and the Agent of a Swing Line Loan Notice. Each such Swing Line Loan Notice must be received by the Swing Line Lender and the Agent not later than 1:00 p.m. on the requested borrowing date, and
shall specify (i) the amount to be borrowed, which shall be a minimum of $500,000 or a whole multiple of $100,000 in excess thereof, and (ii) the requested borrowing date, which shall be a Business Day. Promptly after receipt by the Swing
Line Lender of any Swing Line Loan Notice, the Swing Line Lender will confirm with the Agent (by telephone or in writing) that the Agent has also received such Swing Line Loan Notice and, if not, the Swing Line Lender will notify the Agent (by
telephone or in writing) of the contents thereof. Unless the Swing Line Lender has received notice (by telephone or in writing) from the Agent (including at the request of any Lender) prior to 2:00 p.m. on the date of the proposed Swing Line
Borrowing (A) directing the Swing Line Lender not to make such Swing Line Loan as a result of the limitations set forth in the first proviso to the first sentence of Section 2.22(a), or (B) that one or more of the
applicable conditions specified in Article III is not then satisfied, then, subject to the terms and conditions hereof, the Swing Line Lender will, not later than 3:00 p.m. on the borrowing date specified in such Swing Line Loan Notice, make
the amount of its Swing Line Loan available to the Borrower. 
 (c)    Refinancing of Swing Line
Loans. 
 (i)    The Swing Line Lender at any time in its sole discretion may request, on behalf of
the Borrower (which hereby irrevocably authorizes the Swing Line Lender to so request on its behalf), that each Lender make a Base Rate Loan in an amount equal to such Lender’s Ratable Share of the amount of Swing Line Loans then outstanding.
Such request shall be made in writing (which written request shall be deemed to be a Borrowing Notice for purposes hereof) and in accordance with the requirements of Section 2.02, without regard to the minimum and multiples
specified therein for the principal amount of Base Rate Loans, but subject to the unutilized portion of the aggregate Revolving Credit Commitments and the conditions set forth in Section 3.02. The Swing Line Lender shall
furnish the Borrower with a copy of the applicable Borrowing Notice promptly after delivering such notice to the Agent. Each Lender shall make an amount equal to its Ratable Share of the amount specified in such Borrowing Notice available to the
Agent in immediately available funds (and the Agent may apply cash collateral available with respect to the applicable Swing Line Loan) for the account of the Swing Line Lender at the Agent’s Office not later than 1:00 p.m. on the day specified
in such Borrowing Notice, whereupon, subject to Section 2.22(c)(ii), each Lender that so makes funds available shall be deemed to have made a Base Rate Loan to the Borrower in such amount. The Agent shall remit the funds so
received to the Swing Line Lender. 
 (ii)    If for any reason any Swing Line Loan cannot be refinanced
by such a Borrowing in accordance with Section 2.22(c)(i), the request for Loans submitted by the Swing Line Lender as set forth herein shall be deemed to be a request by the Swing Line Lender that each of the Lenders fund
its risk participation in the relevant Swing Line Loan and each Lender’s payment to the Agent for the account of the Swing Line Lender pursuant to Section 2.22(c)(i) shall be deemed payment in respect of such
participation. 
 (iii)    If any Lender fails to make available to the Agent for the account of the
Swing Line Lender any amount required to be paid by such Lender pursuant to the 

  
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foregoing provisions of this Section 2.22(c) by the time specified in Section 2.22(c)(i), the Swing Line Lender shall be entitled to recover
from such Lender (acting through the Agent), on demand, such amount with interest thereon for the period from the date such payment is required to the date on which such payment is immediately available to the Swing Line Lender at a rate per annum
equal to the greater of the Federal Funds Rate and a rate determined by the Swing Line Lender in accordance with banking industry rules on interbank compensation, plus any administrative, processing or similar fees customarily charged by the Swing
Line Lender in connection with the foregoing. If such Lender pays such amount (with interest and fees as aforesaid), the amount so paid shall constitute such Lender’s Loan included in the relevant Borrowing or funded participation in the
relevant Swing Line Loan, as the case may be. A certificate of the Swing Line Lender submitted to any Lender (through the Agent) with respect to any amounts owing under this clause (iii) shall be conclusive absent manifest error. 

(iv)    Each Lender’s obligation to make Loans or to purchase and fund risk participations in Swing
Line Loans pursuant to this Section 2.22(c) shall be absolute and unconditional and shall not be affected by any circumstance, including (A) any setoff, counterclaim, recoupment, defense or other right which such
Lender may have against the Swing Line Lender, the Borrower or any other Person for any reason whatsoever, (B) the occurrence or continuance of a Default, or (C) any other occurrence, event or condition, whether or not similar to any of
the foregoing; provided, however, that each Lender’s obligation to make Loans pursuant to this Section 2.22(c) is subject to the conditions set forth in Section 3.02. No such
funding of risk participations shall relieve or otherwise impair the obligation of the Borrower to repay Swing Line Loans, together with interest as provided herein. 

(d)    Repayment of Participations. 

(i)    At any time after any Lender has purchased and funded a risk participation in a Swing Line Loan, if
the Swing Line Lender receives any payment on account of such Swing Line Loan, the Swing Line Lender will distribute to such Lender its Ratable Share thereof in the same funds as those received by the Swing Line Lender. 

(ii)    If any payment received by the Swing Line Lender in respect of principal or interest on any Swing
Line Loan is required to be returned by the Swing Line Lender (including pursuant to any settlement entered into by the Swing Line Lender in its discretion), each Lender shall pay to the Swing Line Lender its Ratable Share thereof on demand of the
Agent, plus interest thereon from the date of such demand to the date such amount is returned, at a rate per annum equal to the Federal Funds Rate. The Agent will make such demand upon the request of the Swing Line Lender. The obligations of the
Lenders under this clause shall survive the payment in full of the obligations hereunder and the termination of this Agreement. 

(e)    Interest for Account of Swing Line Lender. The Swing Line Lender shall be responsible for
invoicing the Borrower for interest on the Swing Line Loans. Until each Lender funds its Base Rate Loan or risk participation pursuant to this Section 2.22 to refinance such Lender’s Ratable Share of any Swing Line
Loan, interest in respect of such Ratable Share shall be solely for the account of the Swing Line Lender. 

(f)    Payments Directly to Swing Line Lender. The Borrower shall make all payments of principal and
interest in respect of the Swing Line Loans directly to the Swing Line Lender. 

  
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 Section 2.23    Extension of
Termination Date. 
 (a)    Request for Extension. The Borrower may, in its sole
and absolute discretion, by notice to the Agent (which shall promptly notify the Lenders) not more than 75 days and not less than 30 days prior to each of the first, second, third, fourth and fifth anniversary of the Closing Date (each such
anniversary date, an “Extension Date”), request (each, an “Extension Request”) that the Lenders extend the Termination Date then in effect (the “Existing Commitment Termination Date”) for an
additional one-year period, provided that the Borrower may only effect two such extensions of the Termination Date. Each Lender, acting in its sole discretion, shall, by notice to the Borrower and the Agent
given not later than the 15th day (or such later day as shall be acceptable to the Borrower) following the date of the Borrower’s notice, advise the Borrower and the Agent whether or not such
Lender agrees to such extension; provided that any Lender (which includes each Issuing Bank and the Swing Line Lender) that does not so advise the Borrower and the Agent shall be deemed to have rejected such Extension Request. The election of any
Lender to agree to such extension shall not obligate any other Lender to so agree. 

(b)    Replacement of Non Extending Lenders. The Borrower shall have the right at any time on or
prior to the relevant Extension Date to replace any Lender which has not consented to the Extension Request (each, a “Non-Extending Lender”) pursuant to Section 8.15
(each a “Replacement Lender”); provided that each of such Replacement Lenders shall enter into an Assignment and Acceptance pursuant to which such Replacement Lender shall, effective as of the Extension Date, undertake a Commitment
(and, if any such Replacement Lender is already a Lender, its Commitment shall be in addition to such Lender’s Commitment hereunder on such date). 

(c)    Conditions to Effectiveness of Extension. Notwithstanding anything in this Agreement to the
contrary, the extension of the Existing Commitment Termination Date on any Extension Date shall not be effective unless, immediately before and after giving effect to such extension on such Extension Date: (i) no Default shall have occurred and
be continuing on such Extension Date and the representations and warranties contained in Section 4.01 shall be true and correct in all material respects (except to the extent such representation and warranty is qualified by
Material Adverse Effect or other materiality, in which case it shall be true and correct in all respects) on and as of such Extension Date, before and after giving effect to such extension of the Existing Commitment Termination Date, as though made
on and as of such date, and the Agent shall have received a certificate, in form and substance reasonably satisfactory to the Agent, to such effect from the chief financial officer, chief executive officer or treasurer of the Borrower and
(ii) the Agent shall have received such other customary certificates, resolutions and opinions as the Agent may reasonably request. 

(d)    Effectiveness of Extension. If (and only if) (i) the conditions specified in
Section 2.23(c) shall have been satisfied or waived with respect to the extension of the Existing Commitment Termination Date on the applicable Extension Date, and (ii) the total of the Commitments of the Lenders that
have agreed so to extend their Termination Date (each, an “Extending Lender”) and the additional Commitments of the Replacement Lenders shall be more than 50% of the aggregate amount of the Commitments in effect immediately prior to
the Existing Commitment Termination Date, then, effective as of such Extension Date, the Termination Date, with respect to the Commitment of each Lender that has agreed to so extend its Commitment and of each Replacement Lender that has assumed a
Commitment of a Non-Extending Lender in connection with such Extension Request, shall be extended to the date falling one year after the Existing Commitment Termination Date (or, if such date is not a Business
Day, the immediately preceding Business Day), and each such Replacement Lender 

  
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shall thereupon become a “Lender” for all purposes of this Agreement. Notwithstanding anything herein to the contrary, (i) with respect to any portion of the Commitment of any
Non-Extending Lender that has not been fully assumed by one or more Replacement Lenders, the Existing Commitment Termination Date for such Lender with respect to such non-assumed portion of its Commitment
shall remain unchanged, and (ii) with respect to any Loans of such Lender that have not been purchased by one or more Replacement Lenders, the applicable termination date with respect to such
non-purchased Loans shall remain unchanged and shall be repayable by the Borrower on such applicable termination date without there being any requirement that any such repayment be shared with other Lenders.
In addition, on the Extension Date, the Borrower agrees to pay all accrued and unpaid interest, fees and other amounts then due under this Agreement from the Borrower to each Lender consenting to the Extension Request, each Non-Extending Lender and
each Replacement Lender. Solely for the purpose of calculating break funding payments under Section 8.04(c), the assignment by any Non-Extending Lender of any Eurodollar Rate Loan prior to the last day of the Interest
Period applicable thereto in accordance with this Section 2.23 shall be deemed to constitute a prepayment by the Borrower of such Eurodollar Rate Loan. 

ARTICLE III 
 CONDITIONS
TO EFFECTIVENESS AND LENDING 
 Section 3.01    Conditions Precedent to Closing
Date. The obligation of the Lenders to make Loans and Advances hereunder on the Closing Date is subject solely to satisfaction (or waiver) of the following conditions precedent, and upon satisfaction (or waiver) of such conditions each Lender
shall make all of its required Loans and Advances hereunder on the Closing Date: 
 (a)    The
Agent’s receipt of executed counterparts of this Agreement (including exhibits and schedules), which shall be originals or PDF copies unless otherwise specified, properly executed by a duly authorized officer of the Borrower, dated the Closing
Date, and in form and substance satisfactory to the Agent and each of the Lenders. 
 (b)    As of the
Closing Date, except as disclosed in the Public Filings, there shall have occurred no event or circumstance that could reasonably be expected to result in a Material Adverse Change since December 31, 2020. 

(c)    All fees due to the Agent, the Arrangers and the Lenders shall have been paid, and all expenses to
be paid or reimbursed to the Agent and the Arrangers that have been invoiced a reasonable period of time prior to the Closing Date shall have been paid, in each case, from the proceeds of the initial funding hereunder (provided that the accrued fees
and expenses of counsel to the Agent shall be paid directly by the Borrower). 
 (d)    The Borrower
shall have provided to the Agent, (i) within four days prior to the Closing Date, the documentation and other information required by regulatory authorities under applicable “know-your-customer” rules and regulations, including the
U.S.A. Patriot Act, to the extent requested by the Agent or any Lender at least seven days prior to the Closing Date and (ii) at least four days prior to the Closing Date, any Loan Party that qualifies as a “legal entity customer”
under the Beneficial Ownership Regulation shall have delivered, to each Lender that so requests, a Beneficial Ownership Certification in relation to such Loan Party. 

  
 54 

 (e)    The Agent shall have received on or before the
Closing Date the following, each dated such day, in form and substance satisfactory to the Agent and (except for the Notes) in sufficient copies for each Lender: 

(i)    A Note for each Lender that has requested a Note pursuant to
Section 2.16, including, if requested, a Swing Line Note for the Swing Line Lender. 

(ii)    Certified copies of the resolutions of the Board of Directors of the Borrower approving this
Agreement and the Notes, and of all documents evidencing other necessary corporate action and governmental approvals, if any, with respect to this Agreement and the Notes. 

(iii)    A certificate of the Secretary or an Assistant Secretary of each of the Borrower and Subsidiary
Guarantor certifying the names and true signatures of the officers of such Loan Party authorized to sign each Loan Document to which it is a party. 

(iv)    A good standing certificate as of a recent date for each of the Borrower and Subsidiary Guarantor
from the Secretary of State of the State of Delaware. 
 (v)    An officer’s certificate from an
executive officer of the Borrower regarding satisfaction of the conditions precedent set forth in Sections 3.01(b) and 3.02. 

(vi)    Favorable opinions of (A) Mayer Brown LLP, New York counsel for the Borrower, substantially
in the form of Exhibit D-1 hereto and (B) Kent Pflederer, General Counsel of the Borrower, substantially in the form of Exhibit D-2 hereto. 
 (vii)    The Subsidiary Guaranty, executed by
a duly authorized officer of the such Subsidiary Guarantor, dated as of the Closing Date, and substantially in the form of Exhibit E hereto. 

(viii)    Certified copies of the consents of the sole manager of the Subsidiary Guarantor approving the
Subsidiary Guaranty, and of all documents evidencing other necessary corporate action and governmental approvals, if any, with respect to the Subsidiary Guaranty. 

(f)    The Agent shall have received evidence that the Borrower has terminated the Existing Credit
Agreement and repaid in full all obligations owing thereunder. 

Section 3.02    Additional Conditions Precedent to Each Borrowing and Issuance. The
obligation of each Lender to make a Loan or Advance on or after the Closing Date (other than an Advance made by an Issuing Bank or any Lender pursuant to Section 2.03(c)) on the occasion of each Borrowing and the obligation
of each Issuing Bank on or after the Closing Date to issue (or, in the case of letters of credit listed on Schedule 2.01(b), to have been deemed to have issued) or increase the face amount of a Letter of Credit, shall be subject to the
conditions precedent that the Closing Date shall have occurred and on the date of such Borrowing or issuance (a) the following statements shall be true (and each of the giving of the applicable Notice of Borrowing or Notice of Issuance and the
acceptance by the Borrower of the proceeds of such Borrowing or issuance shall constitute a representation and warranty by the Borrower that on the date of such Borrowing or such issuance such statements are true): 

 

	 	(1)	 the representations and warranties contained in Section 4.01 (other than the last
sentence of the representation and warranty contained in Section 4.01(e)) are true and correct in all 

  
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material respects (except to the extent such representation and warranty is qualified by Material Adverse Effect or other materiality, in which case it shall be true and correct in all respects)
on and as of such date, before and after giving effect to such Borrowing or such issuance and to the application of the proceeds therefrom, as though made on and as of such date, and 

 

	 	(2)	 no event has occurred and is continuing, or would result from such Borrowing or such issuance or from the
application of the proceeds therefrom, that constitutes a Default; 

 and (b) the Agent shall have received such other approvals,
opinions or documents as any Lender through the Agent may reasonably request. 

Section 3.03    Determinations Under Sections 3.01 and 3.02. For
purposes of determining compliance with the conditions specified in Sections 3.01 and 3.02, each Lender 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 the Lenders unless an officer of the Agent responsible for the transactions contemplated by this Agreement shall have received notice from such Lender prior to
the Closing Date specifying its objection thereto. The Agent shall promptly notify the Lenders of the occurrence of the Closing Date. 

ARTICLE IV 

REPRESENTATIONS AND WARRANTIES 

Section 4.01    Representations and Warranties of the Borrower. The Borrower represents
and warrants as follows: 
 (a)    Each Loan Party is duly organized, validly existing and in good
standing under the laws of its jurisdiction of organization. 
 (b)    The execution, delivery and
performance by each Loan Party of the Loan Documents to which it is a party, and the consummation of the transactions contemplated hereby and thereby, are within such Loan Party’s corporate or other organizational powers, have been duly
authorized by all necessary corporate or other action, and do not contravene (i) such Loan Party’s charter or by-laws or other organizational documents, (ii) law, (iii) any indenture, deed
of trust, credit agreement or loan agreement binding on or affecting the Borrower or (iv) any other material agreement, contract or instrument binding on or affecting such Loan Party. 

(c)    No authorization or approval or other action by, and no notice to or filing with, any Governmental
Authority is required for the due execution, delivery and performance by any Loan Party of the Loan Documents to which it is or is to be a party. No authorization or approval or other action by, and no notice to or filing with, any third party is
required for the due execution, delivery and performance by any Loan Party of the Loan Documents to which it is or is to be a party, except to the extent that failure to so obtain or so file could not reasonably be expected to have a Material
Adverse Effect. 
 (d)    This Agreement has been, and each other Loan Document when delivered hereunder
will have been, duly executed and delivered by each Loan Party that is a party thereto. This Agreement is, and each other Loan Document when delivered hereunder will be, legal, valid and binding obligation of each Loan Party that is a party thereto
enforceable against such Loan Party in accordance with its terms, subject to the effect of any applicable bankruptcy, insolvency, reorganization or moratorium or similar laws affecting the rights of creditors generally and subject to general
principles of equity (regardless of whether enforcement is sought in a proceeding at law or in equity). 

  
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 (e)    Each of (i) the Consolidated balance sheet
of the Borrower and its Subsidiaries as at December 31, 2020, and the related Consolidated statements of income and cash flows of the Borrower and its Subsidiaries for the fiscal year then ended, accompanied by an opinion of Ernst &
Young LLP, independent public accountants and (ii) the Consolidated balance sheet of the Borrower and its Subsidiaries as at March 31, 2021, and the related Consolidated statements of income and cash flows of the Borrower and its
Subsidiaries for the fiscal quarter then ended, in each case copies of which have been furnished to each Lender, fairly present in accordance with GAAP the Consolidated financial condition of the Borrower and its Subsidiaries as at such date and the
Consolidated results of the operations of the Borrower and its Subsidiaries for the period ended on such date, all in accordance with generally accepted accounting principles consistently applied (subject, in the case of such quarterly financial
statements, to year-end adjustments and the absence of footnotes). Except as disclosed in the Public Filings, since December 31, 2020 no event or circumstance has occurred and is continuing that could
reasonably be expected to result in a Material Adverse Change. 
 (f)    Except as disclosed in the
Public Filings, there is no pending or, to the knowledge of the Borrower, threatened action, suit, investigation, litigation or proceeding, including any Environmental Action, affecting the Borrower or any Subsidiary before any court, governmental
agency or arbitrator that (i) could be reasonably likely to have a Material Adverse Effect or (ii) could be reasonably likely to adversely affect the legality, validity or enforceability of this Agreement or any other Loan Documents or the
consummation of the transactions contemplated hereby or thereby. 
 (g)    The Borrower is not engaged in
the business of extending credit for the purpose of purchasing or carrying margin stock, within the meaning of Regulation U issued by the Board, and no proceeds of any Loan will be used to purchase or carry any margin stock in violation of such
Regulation U or to extend credit to others for the purpose of purchasing or carrying any margin stock. 

(h)    The Borrower is not an “investment company”, or a company “controlled” by an
“investment company”, within the meaning of the Investment Company Act of 1940. 
 (i)    Each
Loan Party is, individually and together with its Subsidiaries, Solvent. 
 (j)    Neither the
Information Memorandum nor any of the other reports, financial statements, certificates or other information furnished in writing by or on behalf of the Borrower to the Agent or any Lender in connection with the negotiation of this Agreement or the
other Loan Documents or delivered hereunder (as modified or supplemented by other information so furnished) contains any material misstatement of fact or omits to state any material fact necessary to make the statements therein, in the light of the
circumstances under which they were made and taken as a whole, not materially misleading; provided that, with respect to projected financial information and forward-looking statements, the Borrower
represents only that such information was prepared in good faith based upon assumptions believed to be reasonable at the time made and provided, further, that the Borrower makes no representation or warranty with respect to general
industry information contained in the Information Memorandum derived from consultants or public or third party sources except that the Borrower believed, to the best of its knowledge and on the date of the Information Memorandum, such information to
be reliable. 

  
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 (k)    Each of the Borrower and its Subsidiaries have
good title in fee simple to, or valid leasehold interests in, all real property material to their respective businesses, except for such defects in title as could not, individually or in the aggregate, reasonably be expected to have a Material
Adverse Effect, and none of the property of the Borrower and its Subsidiaries is subject to any Lien, except for Liens permitted by Section 5.02(a). 

(l)    The properties of the Borrower and its Subsidiaries are insured with responsible and reputable
insurance companies or associations not Affiliates of such Persons (other than any self-insurance maintained in the ordinary course of business). 

(m)    No ERISA Event has occurred or is reasonably expected to occur that, when taken together with all
other such ERISA Events for which liability is reasonably expected to occur, would reasonably be expected to result in a Material Adverse Effect. 

(n)    Schedule 4(n) sets forth the name of, the ownership interest of the Borrower in, the
jurisdiction of incorporation or organization of, and the type of, each Subsidiary, in each case as of the Closing Date. 

(o)    The Borrower and each Subsidiary has filed, or caused to be filed, all material tax returns
(federal, state, local and foreign) required to be filed and paid all amounts of taxes shown thereon to be due (including interest and penalties) and has paid all other taxes, fees, assessments and other governmental charges (including mortgage
recording taxes, documentary stamp taxes and intangibles taxes) owing by it, except (a) for such taxes which are not yet delinquent or that are being contested in good faith and by proper proceedings, and against which adequate reserves are
being maintained in accordance with GAAP or (b) where such nonfiling or nonpayment would not have a Material Adverse Effect. 

(p)    The Borrower and each Subsidiary is in compliance with all applicable laws, rules, regulations and
orders and all judgments, decrees and orders of any Governmental Authority, except where (x) the necessity of compliance therewith is being contested in good faith by appropriate proceedings or
(y) non-compliance, either singly or in the aggregate, would not reasonably be expected to result in a Material Adverse Effect. 

(q)    Neither the Borrower nor any Subsidiary is in default under or with respect to any of their
contractual obligations in any respect which would be reasonably expected to have a Material Adverse Effect. No Default has occurred and is continuing. 

(r)    Neither the Borrower nor any Subsidiary is a Sanctioned Person or is located, organized or resident
in any Sanctioned Country in violation of applicable Sanctions; provided that if any Subsidiary is located, organized or resident in a jurisdiction that becomes a Sanctioned Country after the date of this Agreement, such Subsidiary shall not
be a “Subsidiary” for purposes of the foregoing so long as (i) such Subsidiary is taking reasonable steps either to obtain appropriate licenses for transacting business in such jurisdiction or to no longer be located, organized or
resident in such jurisdiction and (ii) such Person’s being located, organized or resident in such country or territory (x) will not result in any violation of Sanctions by the Agent or any Lender and (y) would not be reasonably
expected to have a Material Adverse Effect. 
 (s)    The Borrower and its Subsidiaries have
(i) conducted their businesses in compliance in all material respects with all applicable Anti-Corruption Laws, except for any failure to comply that (A) is not systemic, (B) does not involve senior management of the Borrower and
(C) would not reasonably be expected to have a Material Adverse Effect and (ii) instituted and maintained policies and procedures designed to promote and achieve compliance with such laws. 

  
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 (t)    Neither the Borrower nor any Subsidiary Guarantor
is an Affected Financial Institution. 
 (u)    As of the Closing Date, the information included in the
Beneficial Ownership Certification, if applicable, is true and correct in all respects. 
 ARTICLE V 

COVENANTS OF THE BORROWER 

Section 5.01    Affirmative Covenants. So long as any Loan shall remain unpaid or
any Lender shall have any Commitment hereunder, the Borrower will: 
 (a)    Compliance with Laws,
Etc. Comply, and cause each Subsidiary to comply with all applicable laws, rules, regulations and orders, such compliance to include compliance with ERISA and Environmental Laws, except to the extent that failure to so comply could not
reasonably be expected to have a Material Adverse Effect. Without limiting the foregoing, the Borrower and each Subsidiary shall maintain policies and procedures designed to promote and achieve compliance with applicable Anti-Corruption Laws and
Sanctions. 
 (b)    Payment of Taxes, Etc. Pay and discharge, and cause each Subsidiary to pay
and discharge, before the same shall become delinquent, (i) all material taxes, assessments and governmental charges or levies imposed upon it or upon its property and (ii) all material lawful claims that, if unpaid, might by law become a
Lien upon its property; provided, however, that neither the Borrower nor any Subsidiary shall be required to pay or discharge any such tax, assessment, charge or claim that is being contested in good faith and by proper proceedings and
as to which appropriate reserves are being maintained, unless and until any Lien resulting therefrom attaches to its property and enforcement actions are begun. 

(c)    Maintenance of Insurance. Maintain, and cause each Subsidiary to maintain, insurance with
responsible and reputable insurance companies or associations in such amounts and covering such risks as is usually carried by companies engaged in similar businesses and owning similar properties in the same general areas in which the Borrower or
such Subsidiary operates. 
 (d)    Preservation of Corporate Existence, Etc. Preserve and
maintain, and cause each Subsidiary to preserve and maintain, its corporate existence, rights (charter and statutory) and franchises; provided, however, that the Borrower and its Subsidiaries may consummate any transaction permitted
under Section 5.02(b) and provided further that neither the Borrower nor any Subsidiary shall be required to preserve any right or franchise or, in the case of any Subsidiary, its corporate existence, if the Borrower
shall determine that the preservation thereof is no longer desirable in the conduct of the business of the Borrower or the Borrower and its Subsidiaries taken as a whole, and that the loss thereof is not disadvantageous in any material respect to
the Borrower, the Borrower and its Subsidiaries taken as a whole or the Lenders. 
 (e)    Visitation
Rights. At any reasonable time and from time to time upon reasonable prior notice, permit the Agent or any of the Lenders or any agents or representatives thereof, to examine and make copies of and abstracts from the records and books of account
of, and visit the properties of, the Borrower and any Subsidiary, and to discuss the affairs, finances and accounts 

  
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of the Borrower and any Subsidiary with any of their officers or directors and with their independent certified public accountants, provided that, the Borrower shall have the right to
participate in any discussions of the Agent or any Lender with any independent accountants of the Borrower or any Subsidiary. 

(f)    Keeping of Books. Keep, and cause each Subsidiary to keep, proper books of record and
account, in which full and correct entries shall be made of all financial transactions and the assets and business of the Borrower and such Subsidiary in a manner sufficient to permit the preparation of financial statements in accordance with
generally accepted accounting principles in effect from time to time. 
 (g)    Maintenance of
Properties, Etc. Maintain and preserve, and cause each Subsidiary to maintain and preserve, all of its properties that are used or useful in the conduct of its business in good working order and condition, ordinary wear and tear and loss or
damage by casualty or condemnation excepted. 
 (h)    Transactions with Affiliates. Conduct, and
cause each Subsidiary to conduct, all transactions otherwise permitted under this Agreement with any of their Affiliates on terms that are fair and reasonable and no less favorable to the Borrower or such Subsidiary than it would obtain in a
comparable arm’s-length transaction with a Person not an Affiliate, other than (i) transactions by and among the Borrower and its wholly-owned Subsidiaries and
(ii) compensation of, or fees payable to, officers and directors of the Borrower and its Subsidiaries. 

(i)    Reporting Requirements. Furnish to the Agent: 

1.    as soon as available and in any event within 50 days after the end of each of the first three
quarters of each fiscal year of the Borrower, the Consolidated balance sheet of the Borrower and its Subsidiaries as of the end of such quarter and Consolidated statements of income and cash flows of the Borrower and its Subsidiaries for the period
commencing at the end of the previous fiscal year and ending with the end of such quarter, duly certified (subject to year-end adjustments and the absence of footnotes) by the chief financial officer, chief
executive officer or treasurer of the Borrower as having been prepared in accordance with generally accepted accounting principles and certificates of the chief financial officer, chief executive officer or treasurer of the Borrower as to compliance
with the terms of this Agreement and setting forth in reasonable detail the calculations necessary to demonstrate compliance with Section 5.03 as well as calculation of the Gross Leverage Ratio, provided that in the
event of any change in generally accepted accounting principles used in the preparation of such financial statements, the Borrower shall also provide, if necessary for the determination of compliance with Section 5.03, a
statement of reconciliation conforming such financial statements to GAAP; 
 2.    as soon as available
and in any event within 90 days after the end of each fiscal year of the Borrower, a copy of the annual audit report for such year for the Borrower and its Subsidiaries, containing the Consolidated balance sheet of the Borrower and its Subsidiaries
as of the end of such fiscal year and Consolidated statements of income and cash flows of the Borrower and its Subsidiaries for such fiscal year, in each case accompanied by an opinion reasonably acceptable to the Required Lenders by
Ernst & Young LLP or other 

  
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independent public accountants reasonably acceptable to the Required Lenders and certificates of the chief financial officer, chief executive officer or treasurer of the Borrower as to compliance
with the terms of this Agreement and setting forth in reasonable detail the calculations necessary to demonstrate compliance with Section 5.03 as well as calculation of the Gross Leverage Ratio, provided that in the
event of any change in generally accepted accounting principles used in the preparation of such financial statements, the Borrower shall also provide, if necessary for the determination of compliance with Section 5.03, a
statement of reconciliation conforming such financial statements to GAAP; 
 3.    as soon as possible
and in any event within five Business Days after the chief financial officer, the chief executive officer, the treasurer, the controller or the general counsel of the Borrower obtains actual knowledge of the occurrence of any Default continuing on
the date of such statement, a statement of the chief financial officer, chief executive officer or treasurer of the Borrower setting forth details of such Default and the action that the Borrower has taken and proposes to take with respect thereto;

 4.    promptly after the sending or filing thereof, copies of all reports that the Borrower sends to
its securityholders generally, and copies of all reports and registration statements that the Borrower or any Subsidiary files with the Securities and Exchange Commission or any national securities exchange; 

5.    promptly after the commencement thereof, notice of all actions and proceedings before any court,
governmental agency or arbitrator affecting the Borrower or any Subsidiary of the type described in Section 4.01(f); 

6.    promptly following any request therefor, provide information and documentation reasonably requested
by the Agent or any Lender for purposes of compliance with applicable “know your customer” and anti-money-laundering rules and regulations, including, without limitation, the PATRIOT Act and the Beneficial Ownership Regulation; and 

7.    such other information respecting the Borrower or any of its Subsidiaries as any Lender through the
Agent may from time to time reasonably request. 
 (j)    New Material Subsidiaries. Promptly and
in any event within 30 days following the request of the Agent or the Required Lenders made after either (i) the organization or acquisition of any new Material Subsidiary or (ii) the delivery of audited annual financial statements
pursuant to Section 5.01(i) that indicate that a Subsidiary that is not at such time a Subsidiary Guarantor is a Material Subsidiary, cause such Material Subsidiary to execute and deliver a Subsidiary Guaranty in
substantially the form of Exhibit E hereto, together with such documents as the Agent or the Required Lenders may reasonably request evidencing corporate action taken to authorize such execution and delivery and the
incumbency and signatures of officers of such Material Subsidiary, provided that a Material Subsidiary shall not be required to become a Subsidiary Guarantor if (A) a guaranty by such Material Subsidiary would result in materially
adverse tax consequences to the Borrower and its Subsidiaries or shareholders of the Borrower or (B) a guaranty by such Material Subsidiary is prohibited or limited by regulatory requirements or applicable law. 

  
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 (k)    The proceeds of the Loans shall be used in
accordance with Section 2.17. 
 (l)    (i)    So long as a
Farm Credit Lender is a Lender or Voting Participant hereunder, the Borrower will acquire equity in such Farm Credit Lender in such amounts and at such times as such Farm Credit Lender may require in accordance with such Farm Credit Lender’s
bylaws and capital plan or similar documents (as each may be amended from time to time), except that the maximum amount of equity that the Borrower may be required to purchase in such Farm Credit Lender in connection with the portion of the Loans
made by such Farm Credit Lender may not exceed the maximum amount permitted by the applicable bylaws, capital plan and related documents (x) at the time this Agreement is entered into or (y) in the case of a Farm Credit Lender that becomes
a Lender or Voting Participant as a result of an assignment or sale of participation, at the time of the closing of the related assignment or sale of participation. The Borrower acknowledges receipt of documents from each Farm Credit Lender that
describe the nature of the Borrower’s stock and other equities in such Farm Credit Lender acquired in connection with its patronage loan from such Farm Credit Lender (the “Farm Credit Equities”) as well as applicable
capitalization requirements, and agrees to be bound by the terms thereof. 
 (ii)    Each party hereto
acknowledges that each Farm Credit Lender’s bylaws, capital plan and similar documents (as each may be amended from time to time) shall govern (x) the rights and obligations of the parties with respect to the Farm Credit Equities and any
patronage refunds or other distributions made on account thereof or on account of the Borrower’s patronage with such Farm Credit Lender, (y) the Borrower’s eligibility for patronage distributions from such Farm Credit Lender (in the
form of Farm Credit Equities and cash) and (z) patronage distributions, if any, in the event of a sale of a participation interest. Each Farm Credit Lender reserves the right to assign or sell participations in all or any part of its
Commitments or outstanding Loans hereunder on a non-patronage basis (and/or to a Lender that pays no patronage or pays patronage that is lower than the patronage paid by the transferring Farm Credit Lender) in
accordance with Section 8.07; provided, that if Borrower’s consent to such assignment or sale of a participation by such Farm Credit Lender is required pursuant to Section 8.07(a) or
Section 8.07(e), as applicable, the parties hereto agree that, solely with respect to Borrower’s ability to reasonably withhold consent to such transfer because of an expected reduction in patronage distributions to
the Borrower (it being understood and agreed that the Borrower may have another basis for reasonably withholding consent to such transfer), (A) if the transferring Farm Credit Lender has not delivered a Farm Credit Lender Transfer Certificate (as
defined below) to the Borrower, then the Borrower may withhold its consent to such assignment or sale in its sole discretion (and in such case, the Borrower shall be deemed to have acted reasonably), and (B) if the transferring Farm Credit
Lender has delivered a Farm Credit Lender Transfer Certificate to the Borrower, then the Borrower may not withhold its consent to such assignment or sale (and any such withholding of consent shall be deemed unreasonable). For purposes hereof,
“Farm Credit Lender Transfer Certificate” means a certificate executed by an officer of the transferring Farm Credit Lender and certifying to the Borrower that such transferring Farm Credit Lender has used commercially reasonable
efforts to consummate the relevant assignment or sale or a participation with another entity that would be expected to make patronage distributions to the Borrower on a going forward basis that are consistent with (or better than) those that the
Borrower could reasonably have expected to have received from such transferring Farm Credit Lender. 

(iii)    Each party hereto acknowledges that each Farm Credit Lender has a statutory first lien pursuant
to the Farm Credit Act of 1971 on all Farm Credit Equities of 

  
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such Farm Credit Lender that the Borrower may now own or hereafter acquire, which statutory lien shall be for such Farm Credit Lender’s sole and exclusive benefit. The Farm Credit Equities
of a particular Farm Credit Lender shall not constitute security for the obligations due to any other Lender. To the extent that any of the Loan Documents create a Lien on the Farm Credit Equities of a Farm Credit Lender or on patronage accrued by
such Farm Credit Lender for the account of the Borrower (including, in each case, proceeds thereof), such Lien shall be for such Farm Credit Lender’s sole and exclusive benefit and shall not be subject to pro rata sharing hereunder. Neither the
Farm Credit Equities nor any accrued patronage shall be offset against the obligations hereunder except that, in the event of an Event of Default, a Farm Credit Lender may elect, solely at its discretion, to apply the cash portion of any patronage
distribution or retirement of equity to amounts owed to such Farm Credit Lender under this Agreement, whether or not such amounts are currently due and payable. The Borrower acknowledges that any corresponding tax liability associated with such
application is the sole responsibility of the Borrower. No Farm Credit Lender shall have an obligation to retire the Farm Credit Equities of such Farm Credit Lender upon any Default, either for application to the obligations or otherwise. 

Section 5.02    Negative Covenants. So long as any Loan shall remain unpaid or any
Lender shall have any Commitment hereunder, the Borrower will not: 
 (a)    Liens, Etc. Create or
suffer to exist, or permit any Subsidiary to create or suffer to exist, any Lien on or with respect to any of its properties, whether now owned or hereafter acquired, or assign, or permit any Subsidiary to assign, any right to receive income, other
than: 
 (i)    Permitted Liens, 

(ii)    capital leases and purchase money Liens upon or in any real or personal property acquired or held
by the Borrower or any Subsidiary in the ordinary course of business to secure the purchase price of such property or to secure Debt incurred solely for the purpose of financing the acquisition of such property, or Liens existing on such property at
the time of its acquisition (other than any such Liens created in contemplation of such acquisition that were not incurred to finance the acquisition of such property) or extensions, renewals or replacements of any of the foregoing for the same or a
lesser amount, provided, however, that no such Lien shall extend to or cover any properties of any character other than the property being acquired, and no such extension, renewal or replacement shall extend to or cover any properties
not theretofore subject to the Lien being extended, renewed or replaced, provided further that the aggregate principal amount of the indebtedness secured by the Liens referred to in this clause (ii) shall
not exceed $250,000,000 at any time outstanding, 
 (iii)    the Liens existing on the Closing Date and
described on Schedule 5.02(a) hereto, 
 (iv)    Liens on property of a Person
existing at the time such Person is merged into or consolidated with the Borrower or any Subsidiary or becomes a Subsidiary; provided that such Liens were not created in contemplation of such merger, consolidation or acquisition and do not
extend to any assets other than those of the Person so merged into or consolidated with the Borrower or such Subsidiary or acquired by the Borrower or such Subsidiary, 

  
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 (v)    assignments of the right to receive income or
Liens granted by the Borrower or any Subsidiary in connection with any Permitted Receivables Financing or Non-Recourse supplier financing; provided that any such Permitted Receivables Financing incurred by a
Subsidiary shall be permitted under Section 5.02(d)(iv), 
 (vi)    licenses,
leases or subleases granted to other Persons in the ordinary course of business not materially interfering with the conduct of the business of the Borrower and its Subsidiaries taken as a whole, 

(vii)    Liens arising from precautionary UCC financing statement filings regarding operating leases
entered into by the Borrower or any Subsidiary (other than a Receivables Subsidiary) in the ordinary course of business, 

(viii)    Liens arising out of judgments or awards in circumstances not constituting an Event of Default
under Section 6.01 in respect of which the Borrower or any Subsidiary shall in good faith be prosecuting an appeal or proceedings for review in respect of which there shall have been secured a subsisting stay of execution
pending such appeal or proceedings, provided that the aggregate amount of all such judgments or awards does not exceed $25,000,000 at any time outstanding, 

(ix)    statutory, contractual and common law landlords’ liens under leases or subleases permitted by
this Agreement, 
 (x)    Liens (other than any Lien imposed by ERISA) (x) to secure the
performance of tenders, statutory obligations (other than excise taxes), surety, stay, customs and appeal bonds, statutory bonds, bids, leases, government contracts, trade contracts, performance and return of money bonds and other similar
obligations (exclusive of obligations for the payment of borrowed money) or (y) arising by virtue of deposits made in the ordinary course of business to secure liability for premiums to insurance carriers, provided that the aggregate
amount of deposits at any time pursuant to sub-clauses (x) and (y) shall not exceed $50,000,000 in the aggregate, 

(xi)    any interest or title of a lessor, sublessor, licensee or licensor under any lease or license
agreement permitted by this Agreement, 
 (xii)    Liens arising out of conditional sale, title
retention, consignment or similar arrangements for the sale of goods entered into by the Borrower or any Subsidiary in the ordinary course of business (excluding any general inventory financing), 

(xiii)    Liens securing Debt and other obligations (whether incurred by the Borrower or any of its
Subsidiaries) not permitted by the other provisions of this Section 5.02(a) in an aggregate principal amount at any time outstanding not to exceed 10% of Consolidated Net Tangible Assets, 

(xiv)    customary rights and restrictions contained in agreements relating to the sale or transfer of
assets permitted hereunder by the Borrower or any of its Subsidiaries pending the completion thereof, 

(xv)    Liens on cash earnest money deposits, escrow arrangements or similar arrangements made by the
Borrower or any Subsidiary in connection with any letter of intent or purchase agreement for an acquisition or other transaction permitted hereunder, 

  
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 (xvi)    banker’s liens, rights of set-off or similar rights and remedies as to deposit accounts and securities accounts maintained with financial institutions in the ordinary course of business, including Liens relating to intercompany cash pooling
and/or sweeping arrangements or similar cash management products, 
 (xvii)    Liens on assets of
Subsidiaries organized under the laws of a jurisdiction other than the United States or any state territory or district thereof securing Debt permitted by Section 5.02(d)(vii), 

(xviii)    Lien on insurance policies obtained in the ordinary course of business and the proceeds thereof
securing the financing of the premiums with respect thereto, 
 (xix)    Liens on assets of Louisiana
Timber Procurement securing Debt or other obligations of Louisiana Timber Procurement, provided that such Liens shall not apply to any assets of the Borrower or any other Subsidiary), 

(xx)    statutory Liens on the Farm Credit Equities of any Farm Credit Lender that the Borrower has
acquired pursuant to Section 5.01(l), and 
 (xxi)    the replacement,
extension or renewal of any Lien permitted by clause (iii) or (iv) above upon or in the same property theretofore subject thereto or the replacement, extension or renewal (without increase in the amount or
change in any direct or contingent obligor) of the Debt secured thereby. 
 (b)    Mergers, Etc.
Merge or consolidate with or into, or convey, transfer, lease or otherwise 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, any Person, or
permit any Subsidiary to do so, except that (i) any Subsidiary may merge or consolidate with or into, or dispose of assets to, any other Subsidiary, (ii) any Subsidiary may merge into or dispose of assets to the Borrower, (iii) the
Borrower may merge with any other Person so long as the Borrower is the surviving Person and (iv) any Subsidiary or Subsidiaries of the Borrower may merge or consolidate with or into, or dispose of assets to, any other Person so long as the
assets of such Subsidiaries, in aggregate, do not constitute all or substantially all of the assets of the Borrower or of the Borrower and its Subsidiaries taken as a whole, provided, in each case, that no Default shall have occurred and be
continuing at the time of such proposed transaction or would result therefrom. 
 (c)    Use of
Proceeds. Use the proceeds of any Loan, whether directly or indirectly, and whether immediately, incidentally or ultimately, to purchase or carry margin stock, within the meaning of Regulation U of the FRB, in violation of such
Regulation U or to extend credit to others for the purpose of purchasing or carrying margin stock. 

(d)    Subsidiary Debt. Permit any Subsidiary to create or suffer to exist any Debt other than: 

(i)    Debt owed to the Borrower or to a wholly owned Subsidiary, 

(ii)    Debt existing on the Closing Date and described on Schedule 5.02(d)
hereto (the “Existing Debt”), and any Debt extending the maturity of, or refunding or refinancing, in whole or in part, the Existing Debt, provided that the principal amount of such Existing Debt shall not be increased above the
principal amount thereof outstanding 

  
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immediately prior to such extension, refunding or refinancing, and the direct and contingent obligors therefor shall not be changed, as a result of or in connection with such extension, refunding
or refinancing, 
 (iii)    Debt secured by Liens permitted by
Section 5.02(a)(ii) or (xiii), 
 (iv)    Debt arising under
(x) Permitted Receivables Financings and (y) Non-Recourse supplier financings, in an aggregate amount (or Invested Amount, in the case of Permitted Receivables Financings) not to exceed $450,000,000
at any time outstanding, 
 (v)    unsecured Debt in an aggregate amount not to exceed (for all
Subsidiaries) at any time outstanding 10% of Consolidated Net Tangible Assets, 
 (vi)    endorsement of
negotiable instruments for deposit or collection or similar transactions in the ordinary course of business, 

(vii)    Debt of Subsidiaries organized under the laws of a jurisdiction other than the United States or
any state, territory or district thereof not to exceed $50,000,000 at any one time outstanding; 

(viii)    Debt of Louisiana Timber Procurement, provided that neither the Borrower nor any other
Subsidiary has any liability (contingent or otherwise) with respect to such Debt; and 
 (ix)    Debt
under the Subsidiary Guaranty. 
 (e)    Change in Nature of Business. Make, or permit any
Subsidiary to make, any material change in the nature of the business of the Borrower and its Subsidiaries, taken as a whole, as carried on at the date hereof. 

(f)    Payment Restrictions Affecting Subsidiaries. Directly or indirectly enter into or suffer to
exist, or permit any Subsidiary to enter into or suffer to exist, any agreement or arrangement limiting the ability of any Subsidiary to declare or pay dividends or other distributions in respect of its equity interests or repay or prepay any Debt
owed to, make loans or advances to, or otherwise transfer assets to or invest in, the Borrower or any other Subsidiary (whether through a covenant restricting dividends, loans, asset transfers or investments, a financial covenant or otherwise),
except (i) any agreement in effect at the time such Subsidiary becomes a Subsidiary, so long as such agreement was not entered into solely in contemplation of such Person becoming a Subsidiary, (ii) any customary agreement restricting
subletting or assignment of any lease governing a leasehold interest, (iii) customary provisions restricting assignment of any licensing agreement entered into in the ordinary course of business, (iv) customary provisions restricting the
transfer of assets subject to Liens permitted pursuant to Section 5.02(a), (v) under any document evidencing a Permitted Receivables Financing, (vi) restrictions imposed pursuant to any agreement governing or
evidencing Debt described in Section 5.02(d)(vii), (vii) in the case of any Subsidiary that is not a wholly-owned Subsidiary, restrictions and conditions imposed by its organizational documents or any related joint venture
or similar agreement, provided that such restrictions and conditions apply only to such Subsidiary, and (viii) any encumbrance or restriction existing under or by reason of applicable law. 

  
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 (g)    Sanctions; Anti-Corruption Laws. The
Borrower will not use, or knowingly permit any Subsidiary or any other Person to use, any Letter of Credit or the proceeds of any Loan in any manner that will violate any Anti-Corruption Law or Sanctions applicable to the Borrower, such Subsidiary
or such other Person. 
 Section 5.03    Financial Covenants. So long as any
Loan shall remain unpaid or any Lender shall have any Commitment hereunder, the Borrower will: 

(a)    Net Leverage Ratio. Maintain, as of the last day of each fiscal quarter, a ratio of
(i) the sum of (A) Consolidated Funded Debt minus (B) the sum of (i) unrestricted cash on hand and (ii) Cash Equivalents, in each case, of the Borrower and its Subsidiaries that are organized under the laws of any
political subdivision of the United States (other than the Receivables Subsidiaries) in excess of $50,000,000 in the aggregate to (ii) Consolidated EBITDA for the four quarter period then ended (the “Net Leverage Ratio”) of not
greater 3.50 to 1.0; provided that, with respect to the fiscal quarter in which a Material Acquisition occurs, and the following three fiscal quarters, the Borrower shall be required to maintain a Net Leverage Ratio of not greater than 4.00 to 1.0.

 (b)    Interest Coverage Ratio. Maintain a ratio of Consolidated EBITDA as at the end of each
quarter for the four quarter period then ended of the Borrower and its Subsidiaries to the sum of interest payable on, and amortization of debt discount in respect of, all Debt during such period (excluding, to the extent constituting interest, all
amounts described in clause (vi) of the definition of Consolidated EBITDA), in each case, by the Borrower and its Subsidiaries of not less than 3.00 to 1.0. 

ARTICLE VI 
 EVENTS OF
DEFAULT 
 Section 6.01    Events of Default. If any of the following events
(“Events of Default”) shall occur and be continuing: 
 (a)    The Borrower shall fail
to pay any principal of any Loan when the same becomes due and payable; or the Borrower shall fail to pay any interest on any Loan or make any other payment of fees or other amounts payable under this Agreement or any Note within three Business Days
after the same becomes due and payable; or 
 (b)    Any representation or warranty made by the Borrower
herein or by the Borrower (or any of its officers) in connection with this Agreement shall prove to have been incorrect in any material respect when made; or 

(c)    (i) The Borrower shall fail to perform or observe any term, covenant or agreement contained in
Section 5.01(d) (as it relates to the corporate existence of the Borrower), (e), (h) or (i)(3), 5.02(a), (c), (d), (e), (f) or (g) or 5.03, or
(ii) the Borrower shall fail to perform or observe any other term, covenant or agreement contained in Section 5.01(i) if such failure shall remain unremedied for 10 days after written notice thereof shall have
been given to the Borrower by the Agent or any Lender; or (iii) the Borrower shall fail to perform or observe any other term, covenant or agreement contained in this Agreement on its part to be performed or observed if such failure shall remain
unremedied for 30 days after written notice thereof shall have been given to the Borrower by the Agent or any Lender; or 

  
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 (d)    The Borrower or any Subsidiary shall fail to pay
any principal of or premium or interest on (or, with respect to a Hedge Agreement, any corresponding payment amount under) any Debt that is outstanding, in a principal amount (or, in the case of a Hedge Agreement, with a termination value) of at
least $75,000,000 in the aggregate (but excluding Debt outstanding hereunder) of the Borrower or such Subsidiary (as the case may be), when the same becomes due and payable (whether by scheduled maturity, required prepayment, acceleration, demand or
otherwise), and such failure shall continue after the applicable grace period, if any, specified in the agreement or instrument relating to such Debt; or any other event shall occur or condition shall exist under any agreement or instrument relating
to any such Debt and shall continue after the applicable grace period, if any, specified in such agreement or instrument, if the effect of such event or condition is to accelerate, or to permit the acceleration of, the maturity of such Debt; or any
such Debt shall be declared to be due and payable, or required to be prepaid or redeemed (other than by a specified required prepayment or redemption), purchased or defeased, or an offer to prepay, redeem, purchase or defease such Debt shall be
required to be made, in each case prior to the stated maturity thereof; or 
 (e)    Any of (x) the
Borrower, (y) any Material Subsidiary or (z) any combination of Subsidiaries of the Borrower that, in aggregate own assets with a value of 15% or more of the total value of the assets of the Borrower and its Subsidiaries taken as a whole,
shall generally not pay its debts as such debts become due, or shall admit in writing its inability to pay its debts generally, or shall make a general assignment for the benefit of creditors; or any proceeding shall be instituted by or against the
Borrower or any Subsidiary seeking to adjudicate it bankrupt or insolvent, or seeking liquidation, winding up, reorganization, arrangement, adjustment, protection, relief, or composition of it or its debts under any law relating to bankruptcy,
insolvency or reorganization or relief of debtors, or seeking the entry of an order for relief or the appointment of a receiver, trustee, custodian or other similar official for it or for any substantial part of its property and, in the case of any
such proceeding instituted against it (but not instituted by it), either such proceeding shall remain undismissed or unstayed for a period of 60 days, or any of the actions sought in such proceeding (including the entry of an order for relief
against, or the appointment of a receiver, trustee, custodian or other similar official for, it or for any substantial part of its property) shall occur; or the Borrower or any Subsidiary shall take any corporate action to authorize any of the
actions set forth above in this clause (e); or 
 (f)    Judgments or orders for the payment of
money in excess of $75,000,000 in the aggregate shall be rendered against the Borrower or any Subsidiary and either (i) unstayed enforcement proceedings shall have been commenced by any creditor upon such judgment or order or (ii) there
shall be any period of 30 consecutive days during which a stay of enforcement of such judgment or order, by reason of a pending appeal or otherwise, shall not be in effect; provided, however, that any such judgment or order shall not
be an Event of Default under this Section 6.01(f) if and for so long as (i) the amount of such judgment or order is covered by a valid and binding policy of insurance between the defendant and the insurer covering
payment thereof and (ii) such insurer, which shall be rated at least “A” by A.M. Best Company, has been notified of, and has not disputed the claim made for payment of, the amount of such judgment or order; or 

(g)    Any ERISA Event shall occur, the Borrower or any of its ERISA Affiliates shall withdraw (partially
or completely) from a Multiemployer Plan or any Multiemployer Plan shall terminate or be reorganized and, in any such case, such event has resulted in, or could reasonably be expected to result in, a Material Adverse Change; or 

  
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 (h)    Any Loan Document after delivery thereof pursuant
to Section 3.01 or 5.01(j) shall for any reason cease to be valid and binding on or enforceable against any Loan Party that is a party thereto, or any such Loan Party shall so state in writing; or 

(i)    a Change in Control; 

then, and in any such event, the Agent (i) shall at the request, or may with the consent, of the Required Lenders, by notice to the Borrower, declare the
obligation of each Lender to make Advances (other than Advances by an Issuing Bank or a Lender pursuant to Section 2.03(c)), of the Swing Line Lender to make Swing Line Loans and of the Issuing Banks to issue Letters of
Credit to be terminated, whereupon the same shall forthwith terminate, and (ii) shall at the request, or may with the consent, of the Required Lenders, by notice to the Borrower, declare the Loans, all interest thereon and all other amounts
payable under this Agreement to be forthwith due and payable, whereupon the Loans and Advances, all such interest and all such amounts shall become and be forthwith due and payable, without presentment, demand, protest or further notice of any kind,
all of which are hereby expressly waived by the Borrower; provided, however, that in the event of an actual or deemed entry of an order for relief with respect to the Borrower under the Federal Bankruptcy Code, (A) the obligation
of each Lender to make Loans (other than Advances by an Issuing Bank or a Lender pursuant to Section 2.03(c)), the Swing Line Lender to make Swing Line Loans and of the Issuing Banks to issue Letters of Credit shall
automatically be terminated and (B) the Loans, all such interest and all such amounts shall automatically become and be due and payable, without presentment, demand, protest or any notice of any kind, all of which are hereby expressly waived by
the Borrower. 
 Section 6.02    Actions in Respect of the Letters of Credit upon
Default. If any Event of Default shall have occurred and be continuing, the Agent may with the consent, or shall at the request, of the Required Lenders, irrespective of whether it is taking any of the actions described in
Section 6.01 or otherwise, make demand upon the Borrower to, and forthwith upon such demand the Borrower will, (a) pay to the Agent on behalf of the Lenders in same day funds at the Agent’s office designated in
such demand, for deposit in the L/C Cash Collateral Account, an amount equal to the aggregate Available Amount of all Letters of Credit then outstanding or (b) make such other arrangements in respect of the outstanding Letters of Credit as
shall be acceptable to the Required Lenders; provided, however, that in the event of an actual or deemed entry of an order for relief with respect to the Borrower under the Federal Bankruptcy Code, the Borrower will pay to the Agent on
behalf of the Lenders in same day funds for deposit in the L/C Cash Collateral Account an amount equal to the aggregate Available Amount of all Letters of Credit then outstanding, without presentment, demand, protest or any notice of any kind, all
of which are hereby expressly waived by the Borrower. If at any time the Agent determines that any funds held in the L/C Cash Collateral Account are subject to any right or claim of any Person other than the Agent and the Lenders or that the total
amount of such funds is less than the aggregate Available Amount of all Letters of Credit, the Borrower will, forthwith upon demand by the Agent, pay to the Agent, as additional funds to be deposited and held in the L/C Cash Collateral Account, an
amount equal to the excess of (a) such aggregate Available Amount over (b) the total amount of funds, if any, then held in the L/C Cash Collateral Account that the Agent determines to be free and clear of any such right and claim. Upon the
drawing of any Letter of Credit, to the extent funds are on deposit in the L/C Cash Collateral Account, such funds shall be applied to reimburse the Issuing Banks to the extent permitted by applicable law. After all such Letters of Credit shall have
expired or been fully drawn upon and all other obligations of the Borrower hereunder and under the Notes shall have been paid in full, the balance, if any, in such L/C Cash Collateral Account shall be returned to the Borrower. 

  
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 ARTICLE VII 

THE AGENT 

Section 7.01    Authorization and Action. Each Lender hereby appoints and
authorizes the Agent to take such action as agent on its behalf and to exercise such powers and discretion under this Agreement and the other Loan Documents as are delegated to the Agent by the terms hereof, together with such powers and discretion
as are reasonably incidental thereto. As to any matters not expressly provided for by this Agreement (including enforcement or collection of the Notes), the Agent shall not be required to exercise any discretion or take any action, but shall be
required to act or to refrain from acting (and shall be fully protected in so acting or refraining from acting) upon the instructions of the Required Lenders, and such instructions shall be binding upon all Lenders and all holders of Notes;
provided, however, that the Agent shall not be required to take any action that exposes the Agent to personal liability or that is contrary to this Agreement or applicable law. The Agent agrees to give to each Lender prompt notice of
each notice given to it by the Borrower pursuant to the terms of this Agreement. 

Section 7.02    Agent’s Reliance, Etc. Neither the Agent nor
any of its directors, officers, agents or employees shall be liable for any action taken or omitted to be taken by it or them under or in connection with this Agreement or any other Loan Document, except for its or their own gross negligence or
willful misconduct. 
 Without limitation of the generality of the foregoing, the Agent: (i) may treat the Lender that made any Loan or
Advance as the holder of the Debt resulting therefrom until the Agent receives and accepts an Assumption Agreement entered into by an Assuming Lender as provided in Section 2.18, as the case may be, or an Assignment and
Acceptance entered into by such Lender, as assignor, and an Eligible Assignee, as assignee, as provided in Section 8.07; (ii) may consult with legal counsel (including counsel for the Borrower), independent public
accountants and other experts selected by it and shall not be liable for any action taken or omitted to be taken in good faith by it in accordance with the advice of such counsel, accountants or experts; (iii) makes no warranty or
representation to any Lender and shall not be responsible to any Lender for any statements, warranties or representations (whether written or oral) made in or in connection with this Agreement; (iv) shall not have any duty to ascertain or to
inquire as to the performance, observance or satisfaction of any of the terms, covenants or conditions of this Agreement or any other Loan Document on the part of any Loan Party or the existence at any time of any Default or to inspect the property
(including the books and records) of any Loan Party; (v) shall not be responsible to any Lender for the due execution, legality, validity, enforceability, genuineness, sufficiency or value of, or the perfection or priority of any lien or
security interest created or purported to be created under or in connection with, this Agreement, any other Loan Document or any other instrument or document furnished pursuant hereto; and (vi) shall incur no liability under or in respect of
this Agreement or any other Loan Document by acting upon any notice, consent, certificate or other instrument or writing (which may be by telecopier or telex) believed by it to be genuine and signed or sent by the proper party or parties. 

Section 7.03    Mizuho and Affiliates. With respect to its Commitment, the Loans
and Advances made by it and the Note issued to it, Mizuho shall have the same rights and powers under this Agreement any each other Loan Document as any other Lender and may exercise the same as though it were not the Agent; and the term
“Lender” or “Lenders” shall, unless otherwise expressly indicated, include Mizuho in its individual capacity. Mizuho and its Affiliates may accept deposits from, lend money to, act as trustee under indentures of, accept
investment banking engagements from and generally engage in any kind of business with, the Borrower, any Subsidiary and any Person who may do business with or own securities of the Borrower or any such Subsidiary, all as if Mizuho were not the Agent
and without any duty to account therefor to the Lenders. The Agent shall have no duty to disclose any information obtained or received by it or any of its Affiliates relating to the Borrower or any Subsidiary to the extent such information was
obtained or received in any capacity other than as Agent. 

  
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 Section 7.04    Lender Credit
Decision. Each Lender acknowledges that it has, independently and without reliance upon the Agent or any other Lender and based on the financial statements referred to in Section 4.01 and such other documents and
information as it has deemed appropriate, made its own credit analysis and decision to enter into this Agreement. Each Lender also acknowledges that it will, independently and without reliance upon the Agent or any other Lender and based on such
documents and information as it shall deem appropriate at the time, continue to make its own credit decisions in taking or not taking action under this Agreement or any other Loan Document. 

Section 7.05    Indemnification. 

(a)    Each Lender severally agrees to indemnify the Agent (to the extent not reimbursed by the Borrower)
from and against such Lender’s Ratable Share of any and all liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind or nature whatsoever that may be imposed on, incurred by,
or asserted against the Agent in any way relating to or arising out of this Agreement or any other Loan Document or any action taken or omitted by the Agent under or any other Loan Document (collectively, the “Indemnified Costs”),
provided that no Lender shall be liable for any portion of the Indemnified Costs resulting from the Agent’s gross negligence or willful misconduct. Without limitation of the foregoing, each Lender agrees to reimburse the Agent promptly upon
demand for its Ratable Share of any out-of-pocket expenses (including reasonable counsel fees) incurred by the 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 and the other Loan Documents, to the
extent that the Agent is not reimbursed for such expenses by the Borrower. In the case of any investigation, litigation or proceeding giving rise to any Indemnified Costs, this Section 7.05 applies whether any such
investigation, litigation or proceeding is brought by the Agent, any Lender or a third party. 

(b)    Each Lender severally agrees to indemnify the Swing Line Lender and the Issuing Banks (to the extent
not promptly reimbursed by the Borrower) from and against such Lender’s Ratable Share of any and all liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind or nature
whatsoever that may be imposed on, incurred by, or asserted against the Swing Line Lender or any such Issuing Bank in any way relating to or arising out of this Agreement or any other Loan Document or any action taken or omitted by the Swing Line
Lender or such Issuing Bank hereunder or in connection herewith; provided, however, that no Lender shall be liable for any portion of such liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses
or disbursements resulting from the Swing Line Lender’s or such Issuing Bank’s gross negligence or willful misconduct. Without limitation of the foregoing, each Lender agrees to reimburse any the Swing Line Lender or such Issuing Bank
promptly upon demand for its Ratable Share of any costs and expenses (including reasonable fees and expenses of counsel) payable by the Borrower under Section 8.04, to the extent that the Swing Line Lender or such Issuing
Bank is not promptly reimbursed for such costs and expenses by the Borrower. 
 (c)    The failure of any
Lender to reimburse the Agent, the Swing Line Lender or any Issuing Bank promptly upon demand for its Ratable Share of any amount required to be paid by the Lenders to the Agent, the Swing Line Lender or such Issuing Bank as provided herein shall
not relieve any other Lender of its obligation hereunder to reimburse the Agent, the Swing Line 

  
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Lender or such Issuing Bank for its Ratable Share of such amount, but no Lender shall be responsible for the failure of any other Lender to reimburse the Agent, the Swing Line Lender or an
Issuing Bank for such other Lender’s Ratable Share of such amount. Without prejudice to the survival of any other agreement of any Lender hereunder, the agreement and obligations of each Lender contained in this
Section 8.05 shall survive the payment in full of principal, interest and all other amounts payable hereunder and under the Notes. 

Section 7.06    Successor Agent. The Agent may resign at any time by giving
written notice thereof to the Lenders and the Borrower and may be removed at any time with or without cause by the Required Lenders. Upon any such resignation or removal, the Required Lenders shall have the right to appoint a successor Agent with,
so long as no Event of Default has occurred and is continuing, the consent of the Borrower, which consent shall not be unreasonably withheld or delayed. If no successor Agent shall have been so appointed by the Required Lenders, and shall have
accepted such appointment, within 30 days after the retiring Agent’s giving of notice of resignation or the Required Lenders’ removal of the retiring Agent, then the retiring Agent may, on behalf of the Lenders, appoint a successor Agent,
which shall be a commercial bank organized under the laws of the United States of America or of any State thereof and having a combined capital and surplus of at least $500,000,000. Upon the acceptance of any appointment as Agent hereunder by a
successor Agent, such successor Agent shall thereupon succeed to and become vested with all the rights, powers, discretion, privileges and duties of the retiring Agent, and the retiring Agent shall be discharged from its duties and obligations under
this Agreement and the other Loan Documents. After any retiring Agent’s resignation or removal hereunder as Agent, the provisions of this Article VII shall inure to its benefit as to any actions taken or omitted to be
taken by it while it was Agent under this Agreement. 
 Section 7.07    Other
Agents. Each Lender hereby acknowledges that neither the syndication agent, co-documentation agents, joint lead arrangers and book managers nor any other Lender designated as any “Agent”
or similar role or title on the signature pages hereof has any liability hereunder other than in its capacity as a Lender. 

Section 7.08    Erroneous Payments. 

(a)    If the Agent notifies a Lender, the Swing Line Lender or Issuing Bank (any such Lender, Swing Line
Lender or Issuing Bank, a “Payment Recipient”) that the Agent has determined in its sole discretion (whether or not after receipt of any notice under immediately succeeding clause (b)) that any funds received by such Payment
Recipient from the Agent or any of its Affiliates were erroneously transmitted to, or otherwise erroneously or mistakenly received by, such Payment Recipient (whether or not known to such Payment Recipient) (any such funds, whether received as a
payment, prepayment or repayment of principal, interest, fees, distribution or otherwise, individually and collectively, an “Erroneous Payment”) and demands the return of such Erroneous Payment (or a portion thereof), such Erroneous
Payment shall at all times remain the property of the Agent and shall be segregated by the Payment Recipient and held in trust for the benefit of the Agent, and such Payment Recipient shall promptly, but in no event later than one Business Day
thereafter, return to the Agent the amount of any such Erroneous Payment (or portion thereof) as to which such a demand was made, in same day funds (in the currency so received), together with interest thereon in respect of each day from and
including the date such Erroneous Payment (or portion thereof) was received by such Payment Recipient to the date such amount is repaid to the Agent in same day funds at the greater of the Federal Funds Rate and a rate determined by the Agent in
accordance with banking industry rules on interbank compensation from time to time in effect. A notice of the Agent to any Payment Recipient under this clause (a) shall be conclusive, absent manifest error. 

  
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 (b)    Without limiting immediately preceding clause
(a), each Payment Recipient hereby further agrees that if it receives a payment, prepayment or repayment (whether received as a payment, prepayment or repayment of principal, interest, fees, distribution or otherwise) from the Agent (or any of
its Affiliates) (x) that is in a different amount than, or on a different date from, that specified in a notice of payment, prepayment or repayment sent by the Agent (or any of its Affiliates) with respect to such payment, prepayment or
repayment, (y) that was not preceded or accompanied by a notice of payment, prepayment or repayment sent by the Agent (or any of its Affiliates), or (z) that such Payment Recipient, otherwise becomes aware was transmitted, or received, in
error or by mistake (in whole or in part) in each case: 
 (i)    (A) in the case of immediately
preceding clauses (x) or (y), an error shall be presumed to have been made (absent written confirmation from the Agent to the contrary) or (B) an error has been made (in the case of immediately preceding clause (z)), in each
case, with respect to such payment, prepayment or repayment; and 
 (ii)    such Payment Recipient shall
(and shall cause any other recipient that receives funds on its respective behalf to) promptly (and, in all events, within one Business Day of its knowledge of such error) notify the Agent of its receipt of such payment, prepayment or repayment, the
details thereof (in reasonable detail) and that it is so notifying the Agent pursuant to this Section 7.08(b). 

(c)    Each Payment Recipient hereby authorizes the Agent to set off, net and apply any and all amounts at
any time owing to such Payment Recipient under any Loan Document, or otherwise payable or distributable by the Agent to such Payment Recipient from any source, against any amount due to the Agent under immediately preceding clause (a) or
under the indemnification provisions of this Agreement. In addition, each party hereto agrees that, irrespective of whether the Agent may be equitably subrogated, the Agent shall be contractually subrogated to all the rights and interests of the
applicable Payment Recipient under the Loan Documents with respect to each Erroneous Payment (or portion thereof that is not returned to the Agent as provided herein) (the “Erroneous Payment Subrogation Rights”). 

(d)    The parties hereto agree that an Erroneous Payment shall not pay, prepay, repay, discharge or
otherwise satisfy any obligations owed by the Borrower or any other Loan Party. 
 (e)    To the extent
permitted by applicable law, no Payment Recipient shall assert any right or claim to an Erroneous Payment, and hereby waives, and is deemed to waive, any claim, counterclaim, defense or right of set-off or
recoupment with respect to any demand, claim or counterclaim by the Agent for the return of any Erroneous Payment received, including without limitation waiver of any defense based on “discharge for value” or any similar doctrine. 

(f)    Each party’s obligations, agreements and waivers under this
Section 7.08 shall survive the resignation or replacement of the Agent, any transfer of rights or obligations by, or the replacement of, a Lender, the Swing Line Lender or Issuing Bank, the termination of the Commitments
and/or the repayment, satisfaction or discharge of all obligations (or any portion thereof) under any Loan Document. 

Section 7.09    Certain ERISA Matters. 

(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 Agent and not, for the avoidance of 

  
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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 Loans, the Letters of Credit, the 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 Letters of Credit, the Commitments and this Agreement, 

(iii)     (A) such Lender is an investment fund managed by a “Qualified Professional Asset
Manager” (within the meaning of Part VI of PTE 84-14), (B) such Qualified Professional Asset Manager made the investment decision on behalf of such Lender to enter into, participate in, administer and
perform the Loans, the Letters of Credit, the Commitments and this Agreement, (C) the entrance into, participation in, administration of and performance of the Loans, the Letters of Credit, the Commitments and this Agreement satisfies the
requirements of sub-sections (b) through (g) of Part I of PTE 84-14 and (D) to the best knowledge of such Lender, the requirements of subsection (a) of
Part I of PTE 84-14 are satisfied with respect to such Lender’s entrance into, participation in, administration of and performance of the Loans, the Letters of Credit, the Commitments and this Agreement,
or 
 (iv)    such other representation, warranty and covenant as may be agreed in writing between the
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 Agent and not, for the avoidance of doubt, to or for the benefit of the Borrower or any
other Loan Party, that the 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 Letters of Credit, the Commitments and
this Agreement (including in connection with the reservation or exercise of any rights by the Agent under this Agreement, any Loan Document or any documents related hereto or thereto). 

ARTICLE VIII 

MISCELLANEOUS 

Section 8.01    Amendments, Etc. No amendment or waiver of any provision of this
Agreement or any other Loan Document, nor consent to any departure by the Borrower therefrom, shall in any event be effective unless the same shall be in writing and signed by the Required Lenders, and then such waiver or consent shall be effective
only in the specific instance and for the specific purpose for 

  
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which given; provided, however, that (a) no amendment, waiver or consent shall, unless in writing and signed by all the Lenders, do any of the following: (i) waive any of
the conditions specified in Section 3.01, (ii) change the number of Lenders or the percentage of (x) the Commitments, (y) the aggregate unpaid principal amount of the Loans or (z) the aggregate Available
Amount of outstanding Letters of Credit that, in each case, shall be required for the Lenders to take any action hereunder; (iii) amend this Section 8.01, (iv) release all or substantially all of the value of the
Subsidiary Guaranty; (v) change Section 2.15 or any other provision of this Agreement in any manner which would alter the pro rata sharing of payments; or (vi) change Section 2.05 in any
manner which would alter the pro rata reduction of the Unused Revolving Credit Commitments; (b) no amendment, waiver or consent shall, unless in writing and signed by the Required Lenders and each Lender that is directly affected by such
amendment, waiver or consent, (i) increase the Commitments of such Lender (other than as provided in Section 2.18), (ii) reduce the principal of, or interest on, the Notes held by such Lender or any fees or other
amounts payable hereunder to such Lender, or (iii) postpone any date fixed for any payment of principal of, or interest on, the Notes held by such Lender or any fees or other amounts payable hereunder to such Lender; (c) no amendment,
waiver or consent shall, unless in writing, impose any greater restriction on the ability of any Lender to assign any of its rights or obligations hereunder without the written consent of the Required Lenders; (d) no amendment, waiver or
consent shall, prior to the termination of the Revolving Credit Commitments, unless also signed by the Required Lenders, (i) waive any Default for purposes of a Borrowing of Loans or issuance of a Letter of Credit under
Section 3.02, (ii) amend, change, waive, discharge or terminate Section 3.02 in a manner adverse to such Lenders or (iii) amend, change, waive, discharge or terminate this
Section 8.01(d); and provided further that no amendment, waiver or consent shall, unless in writing and signed by the Agent in addition to the Lenders required above to take such action, affect the rights or
duties of the Agent under this Agreement or any other Loan Document and no amendment, waiver or consent shall, (x) unless in writing and signed by the Issuing Banks in addition to the Lenders required above to take such action, adversely affect
the rights or obligations of the Issuing Banks in their capacities as such under this Agreement or (y) unless in writing and signed by the Swing Line Lender in addition to the Lenders required above to take such action, adversely affect the
rights or obligations of the Swing Line Lender in its capacity as such under this Agreement; provided, further, that notwithstanding anything to the contrary herein, the Fee Letter may be amended, or rights or privileges thereunder
waived, in a writing executed only by the parties thereto. Notwithstanding the foregoing, no Defaulting Lender shall have any right to approve or disapprove any amendment, waiver or consent hereunder (and any amendment, waiver or consent which by
its terms requires the consent of all Lenders or each affected Lender may be effected with the consent of the applicable Lenders other than Defaulting Lenders), except that (i) the Defaulting Lender’s Commitment may not be increased or
extended without its consent, (ii) the principal amount of, or interest or fees payable on, Loans or reimbursement obligations with respect to drawn Letters of Credit may not be reduced or excused or the scheduled date of payment may not be
postponed as to such Defaulting Lender without such Defaulting Lender’s consent and (iii) any waiver, amendment or other modification requiring the consent of all Lenders or each affected Lender that affects any Defaulting Lender more
adversely than other affected Lenders shall require the consent of such Defaulting Lender. With respect to any matter requiring the approval of each Lender, each Lender directly and adversely affected thereby or other specified Lenders, it is
understood that Voting Participants shall have the voting rights specified in Section 8.07(i) as to such matter. 

Section 8.02    Notices, Etc. (a) All notices and other communications
provided for hereunder shall be in writing (including telecopier communication) and mailed, telecopied or delivered, 
 if to the Borrower,
at its address at: 
 1 N. Field Court 

Lake Forest, Illinois 60045 

Attention: Senior Vice President – Finance and Controller 

  
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 if to any Initial Lender, 

at its Domestic Lending Office specified in its Administrative Questionnaire; 

if to any other Lender, 
 at its
Domestic Lending Office specified in its Administrative Questionnaire or the Assignment and Acceptance pursuant to which it became a Lender; 

and if to the Agent, at its address at: 

Harborside Financial Center 

1800 Plaza 10 
 Jersey City, NJ
07311 
 Attention: Sophia White-Larmond 

Telephone: (201) 626-9134 

Facsimile: (201) 626-9935 

Electronic Mail: lau_agent@mizuhogroup.com 

or, as to the Borrower or the Agent, at such other address as shall be designated by such party in a written notice to the other parties and, as to each other
party, at such other address as shall be designated by such party in a written notice to the Borrower and the Agent. 
 All such notices and communications
shall, when mailed, telecopied or delivered, be effective when deposited in the mails, telecopied or delivered, respectively, except that notices and communications to the Agent pursuant to Article II,
Article III or Article VII shall not be effective until received by the Agent. Delivery by telecopier of an executed counterpart of any amendment or waiver of any provision of this Agreement or any
other Loan Document or of any Exhibit hereto to be executed and delivered hereunder shall be effective as delivery of a manually executed counterpart thereof. 

Notices and other communications to the Lenders hereunder may be delivered or furnished by electronic communications (including
e-mail and internet or intranet websites) pursuant to procedures approved by the Agent; provided that the foregoing shall not apply to notices to any Lender or the Issuing Bank pursuant to Article
II if such Lender or the Issuing Bank, as applicable, has notified the Agent that it is incapable of receiving notices under such Article by electronic communication. The Agent, the Issuing Bank or the Borrower may, in its discretion, agree to
accept notices and other communications to it hereunder by electronic communications pursuant to procedures approved by it; provided that approval of such procedures may be limited to particular notices or communications. All such notices and
other communications (i) 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 not given during the normal business hours of the recipient, such notice or communication shall
be deemed to have been given at the opening of business on the next Business Day for the recipient, and (ii) 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 (b)(i) of notification that such notice or communication is available and identifying the website address therefor. 

Section 8.03    No Waiver; Remedies. No failure on the part of any Lender or the
Agent to exercise, and no delay in exercising, any right hereunder or under any Note shall operate as a waiver 

  
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thereof; nor shall any single or partial exercise of any such right preclude any other or further exercise thereof or the exercise of any other right. The remedies herein provided are cumulative
and not exclusive of any remedies provided by law. 
 Section 8.04    Costs and
Expenses. 
 (a)    The Borrower agrees to pay on demand all reasonable and documented costs and
expenses of the Agent in connection with the preparation, execution, delivery, administration, modification and amendment of this Agreement, the other Loan Documents and the other documents to be delivered hereunder, including (A) all due
diligence, syndication (including printing, distribution and bank meetings), transportation, computer, duplication, appraisal, consultant, and audit expenses and (B) the reasonable and documented fees and expenses of counsel for the Agent with
respect thereto and with respect to advising the Agent as to its rights and responsibilities under this Agreement and the other Loan Documents. The Borrower further agrees to pay on demand all costs and expenses of the Agent and the Lenders, if any
(including reasonable and documented counsel fees and expenses), in connection with the enforcement (whether through negotiations, legal proceedings or otherwise) of this Agreement, the other Loan Documents and the other documents to be delivered
hereunder, including reasonable and documented fees and expenses of counsel for the Agent and each Lender in connection with the enforcement of rights under this Section 8.04(a). 

(b)    The Borrower agrees to indemnify and hold harmless the Agent and each Lender and each of their
Affiliates and their officers, directors, employees, agents and advisors (each, an “Indemnified Party”) from and against any and all claims, damages, losses, liabilities, obligations, penalties, actions, judgments, suits, costs,
disbursements and expenses (including reasonable and documented fees and expenses of counsel) incurred by or asserted or awarded against any Indemnified Party, in each case arising out of or in connection with or by reason of (including in
connection with any investigation, litigation or proceeding or preparation of a defense in connection therewith) (i) this Agreement, the other Loan Documents, any of the transactions contemplated herein or the actual or proposed use of the
proceeds of the Loans or (ii) the actual or alleged presence of Hazardous Materials on any property of the Borrower or any Subsidiary or any Environmental Action relating in any way to the Borrower or any Subsidiary, in each case, except
(x) to the extent such claim, damage, loss, liability or expense resulted from such Indemnified Party’s bad faith, gross negligence or willful misconduct as determined in a final, non-appealable
judgment of a court of competent jurisdiction or (y) result from a claim not involving an act or omission of the Borrower and that is brought by an Indemnified Party against another Indemnified Party (other than against the arranger or the
Agent in their capacities as such). In the case of an investigation, litigation or other proceeding to which the indemnity in this Section 8.04(b) applies, such indemnity shall be effective whether or not such
investigation, litigation or proceeding is brought by the Borrower, its directors, equityholders or creditors or an Indemnified Party or any other Person, whether or not any Indemnified Party is otherwise a party thereto and whether or not the
transactions contemplated hereby are consummated. The Borrower also agrees not to assert any claim for special, indirect, consequential or punitive damages against the Agent, any Lender, any of their Affiliates, or any of their respective directors,
officers, employees, attorneys and agents, on any theory of liability, arising out of or otherwise relating to this Agreement, the other Loan Documents, any of the transactions contemplated herein or the actual or proposed use of the proceeds of the
Loans. 
 (c)    If any payment of principal of, or Conversion of, any Eurodollar Rate Loan is made by
the Borrower to or for the account of a Lender other than on the last day of the Interest Period for such Loan, as a result of a payment or Conversion pursuant to Section 2.09, 2.10, 2.12

  
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or 2.23, acceleration of the maturity of the Notes pursuant to Section 6.01 or for any other reason, or by an Eligible Assignee to a Lender other than on the last
day of the Interest Period for such Loan upon an assignment of rights and obligations under this Agreement pursuant to Section 8.07 as a result of a demand by the Borrower pursuant to
Section 8.07(a), the Borrower shall, upon demand by such Lender (with a copy of such demand to the Agent), pay to the Agent for the account of such Lender any amounts required to compensate such Lender for any additional
losses, costs or expenses that it may reasonably incur as a result of such payment or Conversion, including any loss (excluding loss of anticipated profits), cost or expense incurred by reason of the liquidation or reemployment of deposits or other
funds acquired by any Lender to fund or maintain such Loan. A certificate of the affected Lender under this Section 8.04(c), setting forth its calculation of loss in reasonable detail, shall be conclusive and binding in the
absence of manifest error. 
 (d)    Without prejudice to the survival of any other agreement of the
Borrower hereunder, the agreements and obligations of the Borrower contained in Sections 2.11 and 2.14 and this Section 8.04 shall survive the payment in full of principal, interest and
all other amounts payable hereunder and under the Notes. 
 Section 8.05    Right of Set-off. Upon (i) the occurrence and during the continuance of any Event of Default and (ii) the making of the request or the granting of the consent specified by
Section 6.01 to authorize the Agent to declare the Notes due and payable pursuant to the provisions of Section 6.01, each Lender and each of its Affiliates is hereby authorized at any time and from
time to time, to the fullest extent permitted by law, to set off and apply any and all deposits (general or special, time or demand, provisional or final) at any time held and other indebtedness at any time owing by such Lender or such Affiliate to
or for the credit or the account of any Loan Party against any and all of the obligations of such Loan Party now or hereafter existing under this Agreement, any Note held by such Lender and the other Loan Documents, whether or not such Lender shall
have made any demand under this Agreement or such Note and although such obligations may be unmatured. Each Lender agrees promptly to notify the applicable Loan Party after any such set-off and application,
provided that the failure to give such notice shall not affect the validity of such set-off and application. The rights of each Lender and its Affiliates under this Section are in addition to other rights
and remedies (including other rights of set-off) that such Lender and its Affiliates may have. 

Section 8.06    Binding Effect. This Agreement shall become effective upon
satisfaction of the conditions precedent set forth in Section 3.01 and thereafter shall be binding upon and inure to the benefit of the Borrower, the Agent and each Lender and their respective successors and assigns, except
that the Borrower shall not have the right to assign its rights hereunder or any interest herein without the prior written consent of all of the Lenders. 

Section 8.07    Assignments and Participations. 

(a)    Each Lender (x) may with the consent of (1) the Agent (in the case of an assignment of a
Revolving Credit Commitment to a Person other than a Lender, an Affiliate of a Lender or an Approved Fund), (2) each Issuing Bank, (3) the Swing Line Lender and, (4) so long as no Event of Default has occurred and is continuing, and other
than with respect to an assignment of a Revolving Credit Commitment to an existing Lender, an Affiliate of an existing Lender, or an Approved Fund with respect to an existing Lender, the Borrower (which consents shall not be unreasonably withheld or
delayed and provided that the Borrower shall be deemed to have consented to any such assignment unless it shall object thereto by written notice to the Agent within ten Business Days after having received notice thereof), and (y) will, if
demanded by the Borrower (following a demand by such Lender pursuant to Section 2.11, 2.14 or 2.20 or if 

  
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such Lender is affected by an event described in Section 2.12 or is a Defaulting Lender) upon at least five Business Days’ notice to such Lender and the Agent,
assign to one or more Persons all or a portion of its rights and obligations under this Agreement (including all or a portion of its Revolving Credit Commitment, the Loans and Advances owing to it, its participations in Letters of Credit and the
Note or Notes held by it) in accordance with Section 8.15; provided, however, that (i) each such assignment shall be of a constant, and not a varying, percentage of all of its rights and obligations under
the relevant facility under this Agreement, (ii) except in the case of an assignment to a Person that, immediately prior to such assignment, was a Lender or an assignment of all of a Lender’s rights and obligations under this
Agreement, the amount of the applicable Commitment (or, if the relevant Commitment has terminated, of the principal amount of the Loans under the applicable facility) of the assigning Lender being assigned pursuant to each such assignment
(determined as of the date of the Assignment and Acceptance with respect to such assignment) shall in no event be less than, in the case of an assignment of Revolving Credit Commitment (or, if the Revolving Credit Commitments have terminated,
Loans under the Revolving Credit Facility), $5,000,000 (and shall be an integral multiple of $1,000,000) unless the Agent and, if no Default has occurred and is continuing, the Borrower otherwise agree, (iii) each such assignment shall be to an
Eligible Assignee and shall comply with Section 8.07(h), (iv) each such assignment made as a result of a demand by the Borrower pursuant to this Section 8.07(a) shall be arranged by the
Borrower after consultation with the Agent and shall be either an assignment of all of the rights and obligations of the assigning Lender under this Agreement or an assignment of a portion of such rights and obligations made concurrently with
another such assignment or other such assignments that together cover all of the rights and obligations of the assigning Lender under this Agreement, (v) no Lender shall be obligated to make any such assignment as a result of a demand by the
Borrower pursuant to this Section 8.07(a) unless and until such Lender shall have received one or more payments from either the Borrower or one or more Eligible Assignees in an aggregate amount at least equal to the
aggregate outstanding principal amount of the Loans owing to such Lender, together with accrued interest thereon to the date of payment of such principal amount and all other amounts payable to such Lender under this Agreement, (vi) the parties
to each such assignment shall execute and deliver to the Agent, for its acceptance and recording in the Register, an Assignment and Acceptance, together with any Note subject to such assignment and a processing and recordation fee of $3,500 payable
by the parties to each such assignment, provided, however, that in the case of each assignment made as a result of a demand by the Borrower, such recordation fee shall be payable by the Borrower except that no such recordation fee
shall be payable in the case of an assignment made at the request of the Borrower to an Eligible Assignee that is an existing Lender, (vii) no consent of the Borrower, the Agent, the Swing Line Lender or any Issuing Bank shall be required in
the case of an assignment to any Affiliate or Approved Fund of the assigning Lender or in the case of an assignment to a Person that, immediately prior to such assignment, was a Lender and (viii) the Agent shall not have any responsibility or
liability for monitoring or enforcing any of the provisions set forth herein with respect to Competitors. Upon such execution, delivery, acceptance and recording, from and after the effective date specified in each Assignment and Acceptance,
(x) the assignee thereunder shall be a party hereto and, to the extent that rights and obligations hereunder have been assigned to it pursuant to such Assignment and Acceptance, have the rights and obligations of a Lender hereunder and
(y) the Lender assignor thereunder shall, to the extent that rights and obligations hereunder have been assigned by it pursuant to such Assignment and Acceptance, relinquish its rights (other than its rights under Sections 2.11,
2.14 and 8.04 to the extent any claim thereunder relates to an event arising prior to such assignment) and be released from its obligations under this Agreement (and, in the case of an Assignment and Acceptance covering all or the
remaining portion of an assigning Lender’s rights and obligations under this Agreement, such Lender shall cease to be a party hereto). 

  
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 (b)    By executing and delivering an Assignment and
Acceptance, the Lender assignor thereunder and the assignee thereunder confirm to and agree with each other and the other parties hereto as follows: (i) other than as provided in such Assignment and Acceptance, such assigning Lender makes no
representation or warranty and assumes no responsibility with respect to any statements, warranties or representations made in or in connection with any Loan Document or the execution, legality, validity, enforceability, genuineness, sufficiency or
value of, or the perfection or priority of any lien or security interest created or purported to be created under or in connection with, any Loan Document or any other instrument or document furnished pursuant hereto; (ii) such assigning Lender
makes no representation or warranty and assumes no responsibility with respect to the financial condition of any Loan Party or the performance or observance by any Loan Party of any of its obligations under any Loan Document or any other instrument
or document furnished pursuant hereto; (iii) such assignee confirms that it has received a copy of this Agreement, together with copies of the financial statements referred to in Section 4.01 and such other documents
and information as it has deemed appropriate to make its own credit analysis and decision to enter into such Assignment and Acceptance; (iv) such assignee will, independently and without reliance upon the Agent, such assigning Lender or any
other Lender and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit decisions in taking or not taking action under the Loan Documents; (v) such assignee confirms that it is an
Eligible Assignee; (vi) such assignee appoints and authorizes the Agent to take such action as agent on its behalf and to exercise such powers and discretion under any Loan Document as are delegated to the Agent by the terms hereof or thereof,
together with such powers and discretion as are reasonably incidental thereto; and (vii) such assignee agrees that it will perform in accordance with their terms all of the obligations that by the terms of this Agreement are required to be
performed by it as a Lender. 
 (c)    Upon its receipt of an Assignment and Acceptance executed by an
assigning Lender and an assignee representing that it is an Eligible Assignee, together with any Note or Notes subject to such assignment, the Agent shall, if such Assignment and Acceptance has been completed and is in substantially the form of
Exhibit C hereto, (i) accept such Assignment and Acceptance, (ii) record the information contained therein in the Register and (iii) give prompt notice thereof to the Borrower. 

(d)    The Agent shall maintain at its address referred to in Section 8.02 a copy
of each Assumption Agreement and each Assignment and Acceptance delivered to and accepted by it and a register for the recordation of the names and addresses of the Lenders and the Commitment of, and principal amount of the Loans and Advances owing
to, each Lender from time to time (the “Register”). The entries in the Register shall be prima facie evidence of the correctness thereof and binding for all purposes, absent manifest error, and the Borrower, the Agent and the
Lenders may treat each Person whose name is recorded in the Register as a Lender hereunder for all purposes of this Agreement. The Register shall be available for inspection by the Borrower or any Lender at any reasonable time and from time to time
upon reasonable prior notice. 
 (e)    Subject to Section 8.07(h), each Lender
may sell participations to one or more banks or other entities (other than any Loan Party or any of its Affiliates or any Defaulting Lender) (each, a “Participant”) in or to all or a portion of its rights and obligations under this
Agreement (including all or a portion of its Commitment, its participation in Letters of Credit, the Loans owing to it and any Note or Notes held by it); provided, however, that (i) such Lender’s obligations under this
Agreement (including its Commitment to the Borrower hereunder) shall remain unchanged, (ii) such Lender shall remain solely responsible to the other parties hereto for the performance of such obligations, (iii) such Lender shall remain the
holder of any such Note for all purposes of this Agreement, (iv) each Loan Party, the Agent, the Issuing Banks, the Swing 

  
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Line Lender 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 and
(v) subject to Section 8.07(i), no Participant under any such participation shall have any right to approve any amendment or waiver of any provision of this Agreement or any other Loan Document, or any consent to any
departure by any Loan Party therefrom, except to the extent that such amendment, waiver or consent would reduce the principal of, or interest on, the Notes or any fees or other amounts payable hereunder, in each case to the extent subject to such
participation, or postpone any date fixed for any payment of principal of, or interest on, the Notes or any fees or other amounts payable hereunder, in each case to the extent subject to such participation, in each case subject to clause
(i) below. For the avoidance of doubt, each Lender shall be responsible for the indemnity under Section 7.05 without regard to the existence of any participation. 

Except as set forth above in this Section 8.07(e) and as set forth in Section 8.07(i), any
agreement or instrument pursuant to which a Lender sells such a participation shall provide that such Lender shall retain the sole right to enforce this Agreement and to approve any amendment, modification or waiver of any provision of this
Agreement. The Borrower agrees that each Participant shall be entitled to the benefits of Sections 2.11, 2.14 and 2.20 to the same extent as if it were a Lender and had acquired its interest by assignment pursuant to
clause (b) of this Section (it being understood that the documentation required under Section 2.14 (e) shall be delivered to the Lender who sells the participation) to the same extent as if it were a Lender and
had acquired its interest by assignment pursuant to paragraph (b) of this Section; provided that such Participant shall not be entitled to receive any greater payment under Section 2.11, 2.14 or 2.20 with
respect to any participation, than the Lender from whom it acquired the applicable participation would have been entitled to receive, except to the extent such entitlement to receive a greater payment results from a Change in Law that occurs after
the Participant acquired the applicable participation. To the extent permitted by law, each Participant also shall be entitled to the benefits of Section 8.05 as though it were a Lender, provided such
Participant agrees to be subject to Section 2.15 as though it were a Lender. Each Lender that sells a participation shall, acting solely for this purpose as an agent of the Borrower, maintain a register on which it enters
the name and address of each Participant and the principal amounts (and stated interest) of each Participant’s interest in the Loans or other obligations under the Loan Documents (the “Participant Register”); provided
that no Lender shall have any obligation to disclose all or any portion of the Participant Register (including the identity of any Participant or any information relating to a Participant’s interest in any commitments, loans, letters of credit
or its other obligations under any Loan Document) to any Person except to the extent that such disclosure is necessary to establish that such commitment, loan, letter of credit or other obligation is in registered form under Section 5f.103-1(c) of the United States Treasury Regulations. The entries in the Participant Register shall be conclusive absent manifest error, and such Lender shall treat each Person whose name is recorded
in the Participant Register as the owner of such participation for all purposes of this Agreement notwithstanding any notice to the contrary. For the avoidance of doubt, the Agent (in its capacity as Agent) shall have no responsibility for
maintaining a Participant Register. 
 (f)    Any Lender may, in connection with any assignment or
participation or proposed assignment or participation pursuant to this Section 8.07, disclose to the assignee or participant or proposed assignee or participant, any information relating to the Loan Parties furnished to
such Lender by or on behalf of the Loan Parties; provided that, prior to any such disclosure, the assignee or participant or proposed assignee or participant shall agree to preserve the confidentiality of any Borrower Information relating to the
Loan Parties received by it from such Lender. 
 (g)    Notwithstanding any other provision set forth in
this Agreement, any Lender may at any time create a security interest in all or any portion of its rights under this Agreement (including the Loans owing to it and any Note or Notes held by it) in favor of any Federal Reserve Bank in accordance with
Regulation A of the Board. 

  
 81 

 (h)    Notwithstanding the foregoing provisions of this
Section 8.07 or any other provision of this Agreement, (i) no Lender shall assign or sell a participation in any of its rights or obligations hereunder unless the proposed assignee or participant represents and
warrants in the applicable Assignment and Acceptance or participation agreement that such Person is not a Competitor; and (ii) if any representation and warranty described in the foregoing clause (i) shall prove to have been
incorrect in any material respect when made, then the applicable assignee or participant (A) shall have no right to receive any information under this Agreement, except for information with respect to administrative matters (such as principal
balances, borrowing requests, interest payments and loan repayments) and matters on which such assignee or Participant is entitled to vote pursuant to clause (C) below; (B) shall have no rights under
Section 5.01(e); and (C) in the case of an assignee, shall have no voting rights hereunder other than with respect to matters on which a Defaulting Lender would be entitled to vote as set forth in the last sentence of
Section 8.01. 
 (i)    Notwithstanding anything in this
Section 8.07 to the contrary, any Farm Credit Lender that (i) has purchased a participation from any Lender that is a Farm Credit Lender in the minimum amount of $5,000,000 on or after the Closing Date, (ii) is,
by written notice to the Borrower and the Agent (a “Voting Participant Notification”), designated by the selling Lender as being entitled to be accorded the rights of a voting participant hereunder (any Farm Credit Lender so
designated being called a “Voting Participant”) and (iii) receives the prior written consent of the Borrower and the Agent to become a Voting Participant (to the extent such consent would be required pursuant to
Section 8.07(a) if such transfer were an assignment rather than a sale of a participation), shall be entitled to vote (and the voting rights of the selling Lender shall be correspondingly reduced), on a dollar for dollar
basis, as if such Voting Participant were a Lender, on any matter requiring or allowing a Lender to provide or withhold its consent, or to otherwise vote on any proposed action, in each case, in lieu of the vote of the selling Lender; provided,
however, that if such Voting Participant has at any time failed to fund any portion of its participation when required to do so and written notice of such failure has been delivered by the selling Lender to the Agent, then until such time as all
amounts of its participation required to have been funded have been funded and notice of such funding has been delivered by the selling Lender to the Agent, such Voting Participant shall not be entitled to exercise its voting rights pursuant to the
terms of this clause (i), and the voting rights of the selling Lender shall not be correspondingly reduced by the amount of such Voting Participant’s participation. Notwithstanding the foregoing, each Farm Credit Lender designated as a
Voting Participant on Schedule 8.07(i) shall be a Voting Participant to the extent of the amount of its participation set forth on Schedule 8.07(i) without delivery of a Voting Participant Notification and without the prior written consent of the
Borrower and the Agent. To be effective, each Voting Participant Notification shall, with respect to any Voting Participant, (A) state the full name of such Voting Participant, as well as all contact information required of an assignee as set
forth in the Administrative Questionnaire, (B) state the dollar amount of the participation purchased and (C) include such other information as may be required by the Agent. The selling Lender and the Voting Participant shall notify the
Agent and the Borrower in writing within three Business Days of any termination of, or reduction or increase in the amount of, such participation and shall promptly upon request of the Agent update or confirm there has been no change in the
information set forth in Schedule 8.07(i) or delivered in connection with any Voting Participant Notification. The Borrower and the Agent shall be entitled to conclusively rely on information provided by a Lender identifying itself or its
participant as a Farm Credit Lender without verification thereof and may also conclusively rely on the information set forth in Schedule 

  
 82 

 
8.07(i) delivered in connection with any Voting Participant Notification or otherwise furnished pursuant to this clause (i) and, unless and until notified thereof in writing by the
selling Lender, may assume that there have been no changes in the identity of Voting Participants, the dollar amount of participations, the contact information of the participants or any other information furnished to the Borrower or the Agent
pursuant to this clause (i). The voting rights hereunder are solely for the benefit of the Voting Participants and shall not inure to any assignee or participant of a Voting Participant. 

Section 8.08    Confidentiality. Neither the Agent nor any Lender may disclose to
any Person any confidential, proprietary or non-public information of the Loan Parties furnished to the Agent or the Lenders by any Loan Party (such information being referred to collectively herein as the
“Borrower Information”), except that each of the Agent and each of the Lenders may disclose Borrower Information (i) to its and its affiliates’ employees, officers, directors, agents and advisors on a need to know basis
(it being understood that the Persons to whom such disclosure is made will be informed of the confidential nature of such Borrower Information and instructed to keep such Borrower Information confidential on substantially the same terms as provided
herein), (ii) to the extent requested by any regulatory authority or any self-regulatory organization purporting to have jurisdiction over such Lender, (iii) to the extent required by applicable laws or regulations or by any subpoena or
similar legal process, (iv) to any other party to this Agreement, (v) in connection with the exercise of any remedies hereunder or any suit, action or proceeding relating to this Agreement, the other Loan Documents or the enforcement of
rights hereunder or thereunder, (vi) subject to an agreement containing provisions substantially the same as those of this Section 8.08, to any assignee or participant or prospective assignee or participant,
(vii) to the extent such Borrower Information (A) is or becomes generally available to the public on a non-confidential basis other than as a result of a breach of this
Section 8.08 by the Agent or a Lender, or (B) is or becomes available to the Agent or such Lender on a nonconfidential basis from a source other than the Loan Parties and (viii) with the consent of any Loan Party,
provided that, prior to any disclosure pursuant to (ii) or (iii) above, the disclosing party agrees that it will notify the Borrower as soon as practical in the event of any such request for a disclosure, unless such notification shall be
prohibited by applicable law or legal process, or, with respect to clause (ii), is in connection with an examination by any governmental agency or regulatory authority, including any self-regulatory organization asserting jurisdiction over
such Lender in the normal course. 
 Section 8.09    Governing Law. This
Agreement and the Notes shall be governed by, and construed in accordance with, the laws of the State of New York. 

Section 8.10    Execution in Counterparts; Electronic Execution of Assignments and Certain
Other Documents. 
 (a)    This Agreement may be executed in any number of counterparts and by
different parties hereto in separate counterparts, each of which when so executed shall be deemed to be an original and all of which taken together shall constitute one and the same agreement. Delivery of an executed counterpart of a signature page
to this Agreement by telecopier or in pdf or similar file shall be effective as delivery of a manually executed counterpart of this Agreement. 

(b)    This Credit Agreement and any document, amendment, approval, consent, information, notice,
certificate, request, statement, disclosure or authorization related to this Credit Agreement (each a “Communication”), including Communications required to be in writing, may be in the form of an Electronic Record and may be
executed using Electronic Signatures. The Borrower agrees that any Electronic Signature on or associated with any Communication shall be valid and binding on the Borrower to the same extent as a manual, original signature, and that any Communication
entered into by Electronic Signature will 

  
 83 

 
constitute the legal, valid and binding obligation of the Borrower enforceable against such in accordance with the terms thereof to the same extent as if a manually executed original signature
was delivered. Any Communication may be executed in as many counterparts as necessary or convenient, including both paper and electronic counterparts, but all such counterparts are one and the same Communication. For the avoidance of doubt, the
authorization under this paragraph may include, without limitation, use or acceptance by the Agent and each of the Lenders of a manually signed paper Communication which has been converted into electronic form (such as scanned into PDF format), or
an electronically signed Communication converted into another format for transmission, delivery and/or retention. The Agent and each of the Lenders may, at its option, create one or more copies of any Communication in the form of an imaged
Electronic Record (“Electronic Copy”), which shall be deemed created in the ordinary course of the such Person’s business, and destroy the original paper document. All Communications in the form of an Electronic Record, including an
Electronic Copy, shall be considered an original for all purposes, and shall have the same legal effect, validity and enforceability as a paper record. Notwithstanding anything contained herein to the contrary, the Agent is under no obligation to
accept an Electronic Signature in any form or in any format unless expressly agreed to by the Agent pursuant to procedures approved by it; provided, further, without limiting the foregoing, (i) to the extent the Agent has agreed to accept such
Electronic Signature, the Agent and each of the Lenders shall be entitled to rely on any such Electronic Signature purportedly given by or on behalf of the Borrower without further verification and (ii) upon the request of the Agent or any
Lender, any Electronic Signature shall be promptly followed by such manually executed counterpart. For purposes hereof, “Electronic Record” and “Electronic Signature” shall have the meanings assigned to them, respectively, by 15
USC §7006, as it may be amended from time to time. 
 (c)    The words “execute,”
“execution,” “signed” and “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 Assignment and
Acceptances, amendments or other modifications, Notices of Borrowing, 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
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 law based on the Uniform Electronic
Transactions Act; provided that notwithstanding anything contained herein to the contrary, the Agent is under no obligation to agree to accept electronic signatures in any form or in any format unless expressly agreed to by the Agent pursuant to
procedures approved by it 
 Section 8.11    Jurisdiction, Etc. 

(a)    Each of the parties hereto hereby irrevocably and unconditionally submits, for itself and its
property, to the nonexclusive jurisdiction of any New York State court or federal court of the United States of America sitting in New York City, and any appellate court from any thereof, in any action or proceeding arising out of or
relating to this Agreement or the other Loan Documents, or for recognition or enforcement of any judgment, and each of the parties hereto hereby irrevocably and unconditionally agrees that all claims in respect of any such action or proceeding may
be heard and determined in any such New York State court or, to the extent permitted by law, in such federal court. The Borrower hereby agrees and consents to the service of process in any action or proceeding in such courts by the mailing
thereof by any parties hereto 

  
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by registered or certified mail, postage prepaid, to the Borrower at its address specified pursuant to Section 8.02. Each of the parties hereto agrees that a final
judgment in any such action or proceeding shall be conclusive and may be enforced in other jurisdictions by suit on the judgment or in any other manner provided by law. Nothing in this Agreement shall affect any right that any party may otherwise
have to bring any action or proceeding relating to this Agreement or the other Loan Documents in the courts of any jurisdiction. 

(b)    Each of the parties hereto irrevocably and unconditionally waives, to the fullest extent it may
legally and effectively do so, any objection that it may now or hereafter have to the laying of venue of any suit, action or proceeding arising out of or relating to this Agreement or the other Loan Documents in any New York State or federal
court. Each of the parties hereto hereby irrevocably waives, to the fullest extent permitted by law, the defense of an inconvenient forum to the maintenance of such action or proceeding in any such court. 

Section 8.12    No Liability of the Issuing Banks. Neither the Agent, the Lenders nor any
Issuing Bank, nor any of their respective Affiliates or their respective officers, directors, employees, agents and advisors, shall have any liability or responsibility by reason of or in connection with the issuance or transfer of any Letter of
Credit or any payment or failure to make any payment thereunder (irrespective of any of the circumstances referred to in Section 2.06(b)), or any error, omission, interruption, loss or delay in transmission or delivery of
any draft, notice or other communication under or relating to any Letter of Credit (including any document required to make a drawing thereunder), any error in interpretation of technical terms or any consequence arising from causes beyond the
control of the applicable Issuing Bank; provided that the foregoing shall not be construed to excuse any Issuing Bank from liability to the Borrower to the extent of any direct damages (as opposed to consequential damages, claims in respect of which
are hereby waived by the Borrower to the extent permitted by applicable law) suffered by the Borrower that are caused by the gross negligence or willful misconduct of such Issuing Bank, such Issuing Bank’s payment under a Letter of Credit based
upon documents that did not substantially comply with the requirements of such Letter of Credit or such Issuing Bank’s failure to make payment under a Letter of Credit after receipt of documents that strictly complied with the requirements of
such Letter of Credit. In furtherance of the foregoing and without limiting the generality thereof, the parties agree that, with respect to documents presented which appear on their face to be in substantial compliance with the terms of a Letter of
Credit, the applicable Issuing Bank may, in its sole discretion, either accept and make payment upon such documents without responsibility for further investigation, regardless of any notice or information to the contrary, or refuse to accept and
make payment upon such documents if such documents are not in strict compliance with the terms of such Letter of Credit. 

Section 8.13    Patriot Act Notice. Each Lender hereby notifies the Borrower that
pursuant to the requirements of the USA Patriot Act (Title III of Pub. L. 107-56 (signed into law October 26, 2001)) (the “Act”), it is required to obtain, verify and record information
that identifies each Borrower, Subsidiary Guarantor or grantor (the “Loan Parties”), which information includes the name and address of each Loan Party and other information that will allow such Lender to identify such Loan Party in
accordance with the Act. The Borrower shall, promptly following a request by the Agent or any Lender, provide all documentation and other information that the Agent or such Lender reasonably requests in order to comply with its ongoing obligations
under applicable “know your customer” and anti-money laundering rules and regulations, including the Act. 

Section 8.14    Waiver of Jury Trial. Each of the Borrower, the Agent and the
Lenders hereby irrevocably waives all right to trial by jury in any action, proceeding or counterclaim (whether based on contract, tort or otherwise) arising out of or relating to this Agreement or the other Loan Documents or the actions of the
Agent or any Lender in the negotiation, administration, performance or enforcement thereof. 

  
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 Section 8.15    Replacement of
Lenders. If any Lender demands compensation pursuant to Section 2.11, 2.14 or 2.20 or is affected by an event described in Section 2.12 or is a Non-Consenting Lender (as defined below), a Sanctioned Lender, a Non-Extending Lender or a Defaulting Lender (any of the foregoing, an “Affected Lender”),
then the Borrower may, at its sole expense and effort, upon notice to such Lender and the Agent, require such Lender to assign and delegate, without recourse (in accordance with and subject to the restrictions contained in, and consents required by,
Section 8.07), all of its interests, rights and obligations under this Agreement and the related Loan Documents to an assignee that shall assume such obligations (which assignee may be another Lender, if a Lender accepts
such assignment), provided that: 
 (a)    the Borrower shall have paid to the Agent the assignment fee
specified in Section 8.07(a); 
 (b)    subject to
Section 8.18(b) in the case of a Sanctioned Lender, such Lender shall have received payment of an amount equal to the outstanding principal of its Loans and Advances, accrued interest thereon, accrued fees and all other
amounts payable to it hereunder and under the other Loan Documents (including any amounts under Section 8.04(c)) from the assignee (to the extent of such outstanding principal and accrued interest and fees) or the Borrower
(in the case of all other amounts); 
 (c)    in the case of any such assignment resulting from a claim
for compensation under Section 2.11 or 2.20 or payments required to be made pursuant to Section 2.14, such assignment will result in a reduction in such compensation or payments thereafter;

 (d)    such assignment does not conflict with applicable laws and regulations; and 

(e)    in the case of any such assignment resulting from a Lender’s failure to consent to a proposed
amendment, waiver, discharge or termination with respect to any Loan Document, (i) the assignee shall have approved such consent, waiver or amendment and (ii) the applicable amendment, modification and/or waiver of this Agreement that the
Borrower has requested shall become effective upon giving effect to such assignment (and any related assignments required to be effected in connection therewith in accordance with this Section 8.15). 

A Lender shall not be required to make any such assignment or delegation if, prior thereto, as a result of a waiver by such Lender or
otherwise, the circumstances entitling the Borrower to require such assignment and delegation cease to apply. 
 In the event that
(i) the Borrower or the Agent has 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 each Lender, each affected Lender in accordance with the terms of Section 8.01 and (iii) the Required Lenders have agreed to such consent, waiver or amendment, then any Lender that does not agree to such
consent, waiver or amendment shall be deemed a “Non-Consenting Lender.” 
 In connection
with any such replacement of an Affected Lender pursuant to this Section 8.15, if such Affected Lender does not execute and deliver to the Agent a duly executed Assignment and Acceptance reflecting such replacement within
two (2) Business Days of the date on which the assignee Lender executes and delivers such Assignment and Acceptance to such Affected Lender, then such Affected Lender shall be deemed to have executed and delivered such Assignment and Acceptance
without any action on the part of such Affected Lender. 

  
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 Section 8.16    Acknowledgment 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 the parties hereto,
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 Lender that is an Affected Financial Institution; and 

(b)    the effects of any Bail-in Action on any such liability,
including, if applicable: 
 (i)    a reduction in full or in part or cancellation of any such
liability; 
 (ii)    a conversion of all, or a portion of, such liability into shares or other
instruments of ownership in such Affected Financial Institution, its parent undertaking, or a bridge institution that may be issued to it or otherwise conferred on it, and that such shares or other instruments of ownership will be accepted by it in
lieu of any rights with respect to any such liability under this Agreement or any other Loan Document; or 

(iii)    the variation of the terms of such liability in connection with the exercise of the write-down
and conversion powers of the applicable Resolution Authority. 

Section 8.17    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

  
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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 8.17, 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). 

Section 8.18    Sanctioned Lenders. 

(a)    The Borrower shall have no obligation to pay any Lender a facility fee pursuant to
Section 2.04(a) or any Letter of Credit Fee pursuant to Section 2.04(b)(i) for any day on which such Lender is a Sanctioned Lender. 

(b)    Notwithstanding anything to the contrary herein, no Sanctioned Lender shall have any right to
approve or disapprove any amendment, waiver or consent hereunder, except that (unless otherwise required by applicable law) the Commitment of such Lender may not be increased or extended, the principal amount of the Loans owed to such Lender may not
be reduced, the final maturity of such Loans may not be extended and this clause (b) may not be amended, in each case, without the consent of such Lender. 

(c)    Notwithstanding Section 8.15 or any other provision of this Agreement (but
subject to clause (d) below), if any Lender is a Sanctioned Lender, then the Borrower (i) may, with the consent of Agent if a Default or Event of Default exists, and (ii) shall, promptly upon notice from Agent that any Law
applicable to the Borrower, the Agent or any Lender requires such action, prepay such Lender’s Loans, all accrued interest thereon and all other amounts payable to such Lender hereunder, in each case on a non-pro-rata basis, whereupon such Lender shall cease to have any rights or obligations hereunder (other than, to the extent permitted by applicable law, with respect to rights and obligations that expressly
survive the payment in full of the Loans, all interest thereon and all other amounts payable under this Agreement and the termination of this Agreement). 

(d)    Notwithstanding any other provision of this Agreement, if it would be unlawful for the Borrower, the
Agent or any assignee pursuant to Section 8.15(a) or Section 8.15(c) to make a payment to any Sanctioned Lender, then any amount that the Borrower, the Agent or such assignee would otherwise pay to
such Sanctioned Lender pursuant to this Agreement or any other 

  
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Loan Document shall be held for such Sanctioned Lender pursuant to arrangements satisfactory the Borrower, the Agent and such assignee, in each case as applicable, and shall be paid to such
Sanctioned Lender only when making such payment is no longer unlawful. 
 [Signature Pages Follow] 

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

			
	PACKAGING CORPORATION OF AMERICA, as Borrower
		
	By:	 	 /s/ Pamela A. Barnes

	Name:	 	Pamela A. Barnes
	Title:	 	Treasurer

									
	AGENT:	 		 		 	MIZUHO BANK, LTD., as Agent
					
		 		 		 	By:	 	 /s/ Donna DeMagistris

		 		 		 	Name:	 	Donna DeMagistris
		 		 		 	Title:	 	Authorized Signatory

 INITIAL LENDERS: 

 

			
	MIZUHO BANK, LTD.
		
	By:	 	 /s/ Donna DeMagistris

	Name:	 	Donna DeMagistris
	Title:	 	Authorized Signatory

 
			
	BANK OF AMERICA, N.A.
		
	By:	 	 /s/ Erron Powers

	Name:	 	Erron Powers
	Title:	 	Director

 
			
	U.S. BANK NATIONAL ASSOCIATION
		
	By:	 	 /s/ James N. DeVries

	Name:	 	James N. DeVries
	Title:	 	Senior Vice President

 
			
	BMO HARRIS BANK, N.A.
		
	By:	 	 /s/ Jonathan Sarmini

	Name:	 	Jonathan Sarmini
	Title:	 	Assistant Vice President

 
			
	CITIBANK, N.A.
		
	By:	 	 /s/ Denis J. Campbell IV

	Name:	 	Denis J. Campbell IV
	Title:	 	Senior Vice President

 
			
	COMPEER FINANCIAL, PCA
		
	By:	 	 /s/ Corey J. Waldinger

	Name:	 	Corey J. Waldinger
	Title:	 	Managing Director, Capital Markets

 
			
	DEUTSCHE BANK AG NEW YORK BRANCH
		
	By:	 	 /s/ Ming K. Chu

	Name:	 	Ming K. Chu
	Title:	 	Director
	Email: ming.k.chu@db.com
	Phone : +1-212-250-5451
	
	DEUTSCHE BANK AG NEW YORK BRANCH
		
	By:	 	 /s/ Marko Lukin

	Name:	 	Marko Lukin
	Title:	 	Vice President
	Email: marko.lukin@db.com
	Phone : +1-212-250-7283

 
			
	JPMORGAN CHASE BANK, N.A.
		
	By:	 	 /s/ Peter S. Predun

	Name:	 	Peter S. Predun
	Title:	 	Executive Director

 
			
	PNC BANK, NATIONAL ASSOCIATION
		
	By:	 	 /s/ Donna Benson

	Name:	 	Donna Benson
	Title:	 	Assistant Vice President

 
			
	THE NORTHERN TRUST COMPANY
		
	By:	 	 /s/ Wicks Barkhausen

	Name:	 	Wicks Barkhausen
	Title:	 	Senior Vice President

 
			
	WELLS FARGO BANK, NATIONAL ASSOCIATION
		
	By:	 	 /s/ Andrew Payne

	Name:	 	Andrew Payne
	Title:	 	Managing Director

							
	INITIAL ISSUING BANKS:	 		 	MIZUHO BANK, LTD.
				
		 		 	By:	 	 /s/ Donna DeMagistris

		 		 	Name:	 	Donna DeMagistris
		 		 	Title:	 	Authorized Signatory

 
			
	BANK OF AMERICA, N.A.
		
	By:	 	 /s/ Erron Powers

	Name:	 	Erron Powers
	Title:	 	Director

 
			
	U.S. BANK NATIONAL ASSOCIATION
		
	By:	 	 /s/ James N. DeVries

	Name:	 	James N. DeVries
	Title:	 	Senior Vice President

 SCHEDULE I 

LENDERS AND COMMITMENTS 
  

									
	 Lender
	  	Revolving Credit Commitment	 	  	Ratable Share of aggregate
Revolving Credit
Commitments	 
	 Mizuho Bank, Ltd.
	  	$	50,000,000.00	 	  	 	14.285714286	% 
	 Bank of America, N.A.
	  	$	50,000,000.00	 	  	 	14.285714286	% 
	 U.S. Bank National Association
	  	$	50,000,000.00	 	  	 	14.285714286	% 
	 BMO Harris Bank, N.A.
	  	$	25,000,000.00	 	  	 	7.142857143	% 
	 Citibank, N.A.
	  	$	25,000,000.00	 	  	 	7.142857143	% 
	 CoBank, FCB*
	  	$	25,000,000.00	 	  	 	7.142857143	% 
	 Deutsche Bank AG New York Branch
	  	$	25,000,000.00	 	  	 	7.142857143	% 
	 JPMorgan Chase Bank, N.A.
	  	$	25,000,000.00	 	  	 	7.142857143	% 
	 PNC Bank, National Association
	  	$	25,000,000.00	 	  	 	7.142857143	% 
	 The Northern Trust Company
	  	$	25,000,000.00	 	  	 	7.142857143	% 
	 Wells Fargo Bank, National Association
	  	$	25,000,000.00	 	  	 	7.142857143	% 
		  	  
	  
	 	  	  
	  
	 
	 TOTAL
	  	$	350,000,000.00	 	  	 	100.000000000	% 
		  	  
	  
	 	  	  
	  
	 

  

	*	 Compeer Financial, PCA assigned its entire $25,000,000 Revolving Credit Commitment to CoBank, FCB, effective
immediately after giving effect to the Closing Date. 

 SCHEDULE I(A) 

ISSUING BANKS AND LETTER OF CREDIT COMMITMENTS 
  

									
	 Issuing Bank
	  	Letter of Credit Commitment	 	  	Ratable Share of aggregate
Letter of Credit Commitments	 
	 Bank of America, N.A.
	  	$	50,000,000.00	 	  	 	50.000000000	% 
	 Mizuho Bank, Ltd.
	  	$	25,000,000.00	 	  	 	25.000000000	% 
	 U.S. Bank National Association
	  	$	25,000,000.00	 	  	 	25.000000000	% 
		  	  
	  
	 	  	  
	  
	 
	 TOTAL
	  	$	100,000,000.00	 	  	 	100.000000000	% 
		  	  
	  
	 	  	  
	  
	 

 SCHEDULE I(B) 

SWING LINE COMMITMENTS 
  

									
	 Issuing Bank
	  	Swing Line Commitment	 	  	Ratable Share of aggregate
Swing Line Commitments	 
	 Mizuho Bank, Ltd.
	  	$	20,000,000.00	 	  	 	100.000000000	% 
		  	  
	  
	 	  	  
	  
	 
	 TOTAL
	  	$	20,000,000.00	 	  	 	100.000000000	% 
		  	  
	  
	 	  	  
	  
	 

 SCHEDULE 1.01 

COMPETITORS 
 Domtar Corporation, Hood Container
Corporation, International Paper Company, DS Smith Plc, Georgia Pacific, Cascades Canada ULC, Smurfit Kappa Group PLC, Westrock Company, Pixelle Specialty Solutions LLC and Pratt Industries, Inc., any successor to any of the foregoing, any purchaser
of all or a substantial part of the packaging business of any of the foregoing and any Subsidiary or parent company of any of the foregoing. The Borrower may supplement this schedule from time to time by providing ten (10) days advance written
notice to the Agent (it being understood and agreed that such supplement shall be deemed effective on the 10th day following such receipt by the Agent). 

 SCHEDULE 2.01(b) 

EXISTING LETTERS OF CREDIT 
  

											
	 Issuing Bank
	  	Letter of Credit #	  	 Beneficiary Name
	  	Amount	 	 	Expiry Date
	 Bank of America, N.A.
	  	3092982	  	National Union Fire Insurance	  	$	1,327,012.00	 	 	2/22/2022
	 Bank of America, N.A.
	  	3093674	  	Zurich American Insurance Company	  	$	3,300,000.00	 	 	6/29/2021
	 Bank of America, N.A.
	  	3093675	  	Ace American Insurance Co / Pacific Employers Insurance	  	$	18,303,562.00	 	 	6/29/21
	 Bank of America, N.A.
	  	3116434	  	Zurich American Insurance Company	  	$	350,000.00	 	 	3/22/2022
	 Bank of America, N.A.
	  	68175248	  	Traveler’s Indemnity Coverage	  	$	175,000.00	 	 	12/31/2023

 SCHEDULE 4(n) 

SUBSIDIARIES 
  

			
	BCT Inc.	  	Delaware
		
	Boise White Paper, L.L.C.	  	Delaware
		
	Hexacomb Canada Corp.	  	Canada
		
	Hexacomb Canada Holdings Corp.	  	Canada
		
	Hexacomb Corporation	  	Illinois
		
	International Falls Power Company	  	Delaware
		
	Louisiana Timber Procurement Company L.L.C.	  	Delaware
		
	Minnesota, Dakota & Western Railway Company	  	Minnesota
		
	Packaging Corporation of Asia, Limited	  	Hong Kong
		
	PCA Corrugated and Display, LLC	  	Delaware
		
	PCA Hydro Inc.	  	Delaware
		
	PCA International Inc.	  	Delaware
		
	PCA International Services, LLC	  	Delaware
		
	PCAI de Mexico S. de R.L. de C.V.	  	Mexico
		
	PCA Texas Acquisition, LLC	  	Delaware
		
	PCA Central California Corrugated, LLC	  	Delaware

 SCHEDULE 5.02(a) 

EXISTING LIENS 
 Capital Lease of certain
facilities located on the Borrower’s Valdosta, Georgia mill site with a balance of $15.6 million as of March 31, 2021. 

 SCHEDULE 5.02(d) 

EXISTING DEBT 
 Letter of Credit Number SM219734W,
issued by Wells Fargo Bank, National Association in favor of Commercial Surety Collateral as the Beneficiary in the amount of $69,255.00. 

 SCHEDULE 8.07(i) 

VOTING PARTICIPANTS 
  

					
	 Voting Participant
	  	Revolving Credit Facility	 
	 Compeer Financial, PCA
	  	$	7,000,000.00	 

 As of the Closing Date, CoBank, FCB’s non-participated Revolving Credit
Commitment is as follows: 
  

					
	Lender	  	Revolving Credit
Facility	 
	 CoBank FCB
	  	$	18,000,000.00	 

 EXHIBIT A 

FORM OF PROMISSORY NOTE 
 Dated:
            , 20     
 FOR VALUE RECEIVED, the undersigned,
Packaging Corporation of America, a Delaware corporation (the “Borrower”), HEREBY PROMISES TO PAY to the order of
                     (the “Lender”) for the account of its Applicable Lending Office on the Termination Date applicable to the
Lender (each as defined in the Credit Agreement referred to below) the aggregate principal amount of the Loans made by the Lender to the Borrower pursuant to the Credit Agreement dated as of June 8, 2021 among the Borrower, the Lender and
certain other lenders parties thereto and Mizuho Bank, Ltd., as Agent for the Lender and such other lenders (as amended, amended and restated, supplemented or otherwise modified from time to time, the “Credit Agreement”; the terms
defined therein being used herein as therein defined) outstanding on such Termination Date. 
 The Borrower promises to pay interest on the
unpaid principal amount of each Loan from the date of such Loan until such principal amount is paid in full, at such interest rates, and payable at such times, as are specified in the Credit Agreement. 

Both principal and interest are payable in lawful money of the United States of America to Mizuho Bank, Ltd., as Agent, at Harborside
Financial Center, 1800 Plaza 10 Jersey City, NJ 07311, in same day funds. Each Loan owing to the Lender by the Borrower pursuant to the Credit Agreement, and all payments made on account of principal thereof, may be recorded by the Lender and, prior
to any transfer hereof, endorsed on a schedule attached hereto which shall be part of this Promissory Note. 
 This Promissory Note is one
of the Notes referred to in, and is entitled to the benefits of, the Credit Agreement. The Credit Agreement, among other things, (i) provides for the making of Loans by the Lender to the Borrower from time to time, the indebtedness of the
Borrower resulting from each such Loan being evidenced by this Promissory Note and (ii) contains provisions for acceleration of the maturity hereof upon the happening of certain stated events and also for prepayments on account of principal
hereof prior to the maturity hereof upon the terms and conditions therein specified. 

 IN WITNESS WHEREOF, the undersigned has caused this Promissory Note to be executed as of the
date first above written. 
  

			
	PACKAGING CORPORATION OF AMERICA
		
	By:	 	
                     
                                         
          

		
	Name:	 	  

		
	Title:	 	  

 EXHIBIT B 

FORM OF NOTICE OF BORROWING 
 [Date] 

Mizuho Bank, Ltd., as Agent 
 for the Lenders parties to the

 Credit Agreement referred to below 
 Harborside Financial
Center 
 1800 Plaza 10 
 Jersey City, NJ 07311 

Attention: Sophia White-Larmond 
 Telephone: (201) 626-9134 
 Facsimile: (201) 626-9935 

Electronic Mail: lau_agent@mizuhogroup.com 
 Ladies and
Gentlemen: 
 The undersigned, Packaging Corporation of America, refers to the Credit Agreement, dated as of June 8, 2021 (as amended,
amended and restated, supplemented or otherwise modified from time to time, the “Credit Agreement”, the terms defined therein being used herein as therein defined), among the undersigned, certain Lenders parties thereto and Mizuho
Bank, Ltd., as Agent for said Lenders, and hereby gives you notice, irrevocably, pursuant to Section 2.02 of the Credit Agreement that the undersigned hereby requests a Borrowing under the Credit Agreement, and in that connection sets forth
below the information relating to such Borrowing (the “Proposed Borrowing”) as required by Section 2.02(a) of the Credit Agreement: 
  

	 	(i)	 The Business Day of the Proposed Borrowing is
            , 20     

	 	(ii)	 The Type of Loans comprising the Proposed Borrowing is [Base Rate Loans] [Eurodollar Rate Loans].

  

	 	(iii)	 The aggregate amount of the Proposed Borrowing is $        .

  

	 	[(iv)	 The initial Interest Period for each Eurodollar Rate Loan made as part of the Proposed Borrowing is
                     month[s].] 

The undersigned hereby certifies that the following statements are true on the date hereof, and will be true on the date of the Proposed
Borrowing: 
 (A)    the representations and warranties contained in Section 4.01 (other than the last sentence of
the representation and warranty contained in Section 4.01(e)) of the Credit Agreement are correct, before and after giving effect to the Proposed Borrowing and to the application of the proceeds therefrom, as though made on and as of such date;
and 
 (B)    no event has occurred and is continuing, or would result from such Proposed Borrowing or from the
application of the proceeds therefrom, that constitutes a Default. 
  

			
	Very truly yours,
	
	PACKAGING CORPORATION OF AMERICA
		
	By:	 	
                     
                                         
          

		
	Name:	 	  

		
	Title:	 	  

 EXHIBIT C 

FORM OF ASSIGNMENT AND ACCEPTANCE 

ASSIGNMENT AND ACCEPTANCE 
 This
Assignment and Acceptance (the “Assignment and Acceptance”) is dated as of the Effective Date set forth below and is entered into by and between [Insert name of Assignor] (the “Assignor”) and [Insert name
of Assignee] (the “Assignee”). Capitalized terms used but not defined herein shall have the meanings given to them in the Credit Agreement identified below (as amended, the “Credit Agreement”), receipt of a copy
of which is hereby acknowledged by the Assignee. The Standard Terms and Conditions set forth in Annex 1 attached hereto are hereby agreed to and incorporated herein by reference and made a part of this Assignment and Assumption as if set forth
herein in full. 
 For an agreed consideration, the Assignor hereby irrevocably sells and assigns to the Assignee, and the Assignee hereby
irrevocably purchases and assumes from the Assignor, subject to and in accordance with the Standard Terms and Conditions and the Credit Agreement, as of the Effective Date inserted by the Agent as contemplated below (i) all of the
Assignor’s rights and obligations in its capacity as a Lender under the Credit Agreement and any other documents or instruments delivered pursuant thereto to the extent related to the amount and percentage interest identified below of all of
such outstanding rights and obligations of the Assignor under the respective facilities identified below (including any letters of credit and guarantees included in such facilities) and (ii) to the extent permitted to be assigned under
applicable law, all claims, suits, causes of action and any other right of the Assignor (in its capacity as a Lender) against any Person, whether known or unknown, arising under or in connection with the Credit Agreement, any other documents or
instruments delivered pursuant thereto or the loan transactions governed thereby or in any way based on or related to any of the foregoing, including contract claims, tort claims, malpractice claims, statutory claims and all other claims at law or
in equity related to the rights and obligations sold and assigned pursuant to clause (i) above (the rights and obligations sold and assigned pursuant to clauses (i) and (ii) above being referred to herein collectively as the
“Assigned Interest”). Such sale and assignment is without recourse to the Assignor and, except as expressly provided in this Assignment and Acceptance, without representation or warranty by the Assignor. 

 

							
	1.	  	Assignor:	 	  
	  	
				
	2.	  	Assignee:	 	  
	  	

					
		  		 	[and is an Affiliate/Approved Fund of [identify Lender]1]
			
	3.	  	Borrower(s):	 	Packaging Corporation of America, a Delaware corporation
			
	4.	  	Agent:	 	Mizuho Bank, Ltd., as the administrative agent under the Credit Agreement
			
	5.	  	Credit Agreement:	 	The Credit Agreement dated as of June 8, 2021 among Packaging Corporation of America, Mizuho Bank Ltd., as Agent, and the other lenders parties thereto
			
	6.	  	Assigned Interest:	 	

  

													
	
Facility Assigned2
	  	Aggregate Amount of
Commitment/Loans for
all Lenders	 	  	Amount of
Commitment/Loans
Assigned	 	  	Percentage Assigned of
Commitment/Loans3	 
		  	$	 	 	  	$	 	 	  	 	    	% 
		  	$	 	 	  	$	 	 	  	 	    	% 
		  	$	 	 	  	$	 	 	  	 	    	% 

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

 

	1 	 Select as applicable. 

	2 	 Fill in the appropriate terminology for the types of facilities under the Credit Agreement that are being
assigned under this Assignment (e.g. “Revolving Credit Commitment,” etc.) 

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

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

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

 

			
	ASSIGNOR
	
	[NAME OF ASSIGNOR]
		
	By:	 	
                     
                    

		 	Title:
	
	ASSIGNEE
	
	[NAME OF ASSIGNEE]
		
	By:	 	  

		 	Title:

			
	[Consented to and]4 Accepted:
	
	[MIZUHO BANK, LTD.], as
	
	  Administrative Agent
		
	By	 	
                     
                    

		 	Title:
	
	[Consented to:]5
	
	[NAME OF RELEVANT PARTY]
		
	By	 	  

		 	Title:

  
   

 

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

	5 	 To be added only if the consent of the Borrower and/or other parties (e.g. Issuing Bank) is required by the
terms of the Credit Agreement. 

 ANNEX 1 

STANDARD TERMS AND CONDITIONS FOR 

ASSIGNMENT AND ACCEPTANCE 
 1.
Representations and Warranties. 
 1.1    Assignor. The Assignor (a) represents and warrants that
(i) it is the legal and beneficial owner of the Assigned Interest, (ii) the Assigned Interest is free and clear of any lien, encumbrance or other adverse claim and (iii) it has full power and authority, and has taken all action
necessary, to execute and deliver this Assignment and Acceptance and to consummate the transactions contemplated hereby; and (b) assumes no responsibility with respect to (i) any statements, warranties or representations made in or in
connection with the Credit Agreement or any other Loan Document, (ii) the execution, legality, validity, enforceability, genuineness, sufficiency or value of the Loan Documents or any collateral thereunder, (iii) the financial condition of
the Borrower, any of its Subsidiaries or Affiliates or any other Person obligated in respect of any Loan Document or (iv) the performance or observance by the Borrower, any of its Subsidiaries or Affiliates or any other Person of any of their
respective obligations under any Loan Document. 
 1.2.    Assignee. The Assignee (a) represents and
warrants that (i) it has full power and authority, and has taken all action necessary, to execute and deliver this Assignment and Acceptance and to consummate the transactions contemplated hereby and to become a Lender under the Credit
Agreement, (ii) that it has received Schedule 1.01 to the Credit Agreement, that it is not a Competitor as described on such Schedule (as updated pursuant to any supplements that have been delivered to such Assignee) and that it otherwise is an
Eligible Assignee and satisfies the requirements, if any, specified in the Credit Agreement that are required to be satisfied by it in order to acquire the Assigned Interest and become a Lender, (iii) from and after the Effective Date, it shall
be bound by the provisions of the Credit Agreement as a Lender thereunder and, to the extent of the Assigned Interest, shall have the obligations of a Lender thereunder, (iv) it has received a copy of the Credit Agreement, together with copies
of the most recent financial statements delivered pursuant to Section 5.01(i) thereof, as applicable, and such other documents and information as it has deemed appropriate to make its own credit analysis and decision to enter into this
Assignment and Acceptance and to purchase the Assigned Interest on the basis of which it has made such analysis and decision independently and without reliance on the Agent or any other Lender and (v) if it is a Lender organized under the laws
of a jurisdiction outside the United States, attached to the Assignment and Acceptance is any documentation required to be delivered by it pursuant to the terms of the Credit Agreement, duly completed and executed by the Assignee; and
(b) agrees that (i) it will, independently and without reliance on the Agent, the Assignor or any other Lender, and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit decisions
in taking or not taking action under the Loan Documents, and (ii) it will perform in accordance with their terms all of the obligations which by the terms of the Loan Documents are required to be performed by it as a Lender. 

 2.    Payments. From and after the Effective Date, the Agent
shall make all payments in respect of the Assigned Interest (including payments of principal, interest, fees and other amounts) to the Assignor for amounts which have accrued to but excluding the Effective Date and to the Assignee for amounts which
have accrued from and after the Effective Date. 
 3.    General Provisions. This Assignment and Acceptance shall
be binding upon, and inure to the benefit of, the parties hereto and their respective successors and assigns. This Assignment and Acceptance may be executed in any number of counterparts, which together shall constitute one instrument. 

 Delivery of an executed counterpart of a signature page of this Assignment and Assumption by facsimile shall
be effective as delivery of a manually executed counterpart of this Assignment and Assumption. This Assignment and Assumption shall be governed by, and construed in accordance with, the law of the State of New York. 

 SUBSIDIARY GUARANTY 

Dated as of             , 20     

From 
 THE GUARANTORS NAMED HEREIN

 and 
 THE ADDITIONAL
GUARANTORS REFERRED TO HEREIN, 
 as Guarantors 

in favor of 
 THE AGENT AND
LENDERS REFERRED TO IN 
 THE CREDIT AGREEMENT REFERRED TO HEREIN 

 TABLE OF CONTENTS 
  

							
	 Section 1.
	 	 Certain Definitions
	  	 	1	 
	 Section 2.
	 	 Guaranty; Limitation of Liability
	  	 	2	 
	 Section 3.
	 	 Guaranty Absolute
	  	 	3	 
	 Section 4.
	 	 Waivers and Acknowledgments
	  	 	5	 
	 Section 5.
	 	 Subrogation
	  	 	6	 
	 Section 6.
	 	 Payments Free and Clear of Taxes, Etc.
	  	 	6	 
	 Section 7.
	 	 Representations and Warranties
	  	 	7	 
	 Section 8.
	 	 Covenants
	  	 	8	 
	 Section 9.
	 	 Amendments, Guaranty Supplements, Etc.
	  	 	8	 
	 Section 10.
	 	 Notices, Etc.
	  	 	9	 
	 Section 11.
	 	 No Waiver; Remedies
	  	 	9	 
	 Section 12.
	 	 Right of Set-off
	  	 	10	 
	 Section 13.
	 	 Indemnification
	  	 	10	 
	 Section 14.
	 	 Subordination
	  	 	11	 
	 Section 15.
	 	 Continuing Guaranty; Assignments under the Credit Agreement
	  	 	12	 
	 Section 16.
	 	 Execution in Counterparts
	  	 	12	 
	 Section 17.
	 	 Governing Law; Jurisdiction; Waiver of Jury Trial, Etc.
	  	 	12	 
	 Section 18.
	 	 Keepwell
	  	 	13	 

 Exhibit A - Guaranty Supplement 

 SUBSIDIARY GUARANTY 

SUBSIDIARY GUARANTY dated as of
                    ,              made by the Persons listed on the signature pages
hereof under the caption “Subsidiary Guarantors” and the Additional Guarantors (as defined in Section 8(b)) in favor of the Agent and the Lenders (as defined in the Credit Agreement referred to below). For purposes hereof,
“Guarantors” shall mean (a) the Subsidiary Guarantors, (b) the Additional Guarantors and (a) with respect to (i) any obligations under a Secured Cash Management Agreement between any Subsidiary Guarantor or Additional
Guarantor and any Lender or Affiliate of a Lender and any obligations under a Secured Hedge Agreement owing by any Subsidiary Guarantor or Additional Guarantor and (ii) the payment and performance by each Specified Loan Party of its obligations
under this Guaranty with respect to all Swap Obligations, the Borrower. 
 PRELIMINARY STATEMENT. Packaging Corporation of America, a
Delaware corporation (the “Borrower”), is party to the Credit Agreement dated as of June 8, 2021 (as amended, amended and restated, supplemented or otherwise modified from time to time, the “Credit Agreement”;
the capitalized terms defined therein and not otherwise defined herein being used herein as therein defined) with certain Lenders party thereto, Mizuho Bank, Ltd., as Agent for such Lenders. Each Guarantor may receive, directly or indirectly, a
portion of the proceeds of the Loans under the Credit Agreement and will derive substantial direct and indirect benefits from the transactions contemplated by the Credit Agreement. It is a condition to the making of Loans and the issuance of Letters
of Credit by the Lenders under the Credit Agreement from time to time that each Material Subsidiary of the Borrower shall have executed and delivered this Guaranty. 

NOW, THEREFORE, in consideration of the premises and for other good and valuable consideration, each Guarantor, jointly and severally with
each other Guarantor, hereby agrees as follows: 
 Section 1. Certain Definitions. 

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

“Commodity Exchange Act” means the Commodity Exchange Act (7 U.S.C. § 1 et seq.), as amended from time to time,
and any successor statute. 
 “Excluded Swap Obligation” means, with respect to any Guarantor, any Swap Obligation if, and
to the extent that, all or a portion of the Guaranty of such Guarantor of, or the grant by such Guarantor of a security interest to secure, such Swap Obligation (or any Guarantee thereof) is or becomes illegal under

  
 1 

 
the Commodity Exchange Act or any rule, regulation or order of the Commodity Futures Trading Commission (or the application or official interpretation of any thereof) by virtue of such
Guarantor’s failure for any reason to constitute an “eligible contract participant” as defined in the Commodity Exchange Act and the regulations thereunder at the time the Guaranty of such Guarantor, or the grant by such Guarantor of
a security interest, becomes effective with respect to such Swap Obligation; provided that, for the avoidance of doubt, in determining whether any Guarantor is an “eligible contract participant” under the Commodity Exchange Act, the
keepwell agreement set forth in Section 17 shall be taken into account. If a Swap Obligation arises under a master agreement governing more than one swap, such exclusion shall apply only to the portion of such Swap
Obligation that is attributable to Hedging Transactions for which such Guaranty or security interest is or becomes illegal. 

“Qualified ECP Guarantor” means, in respect of any Swap Obligation, each Guarantor that has total assets exceeding
$10,000,000 at the time the relevant Guaranty or grant of the relevant security interest becomes effective with respect to such Swap Obligation or such other Person as constitutes an “eligible contract participant” under the Commodity
Exchange Act or any regulations promulgated thereunder and can cause another Person to qualify as an “eligible contract participant” at such time by entering into a keepwell under Section 1a(18)(A)(v)(II) of the Commodity Exchange
Act. 
 “Specified Loan Party” means each of the Borrower and each Guarantor that is, at the time on which the relevant
Guarantee or grant of the relevant security interest under the Loan Documents by such Person becomes effective with respect to a Swap Obligation, a corporation, partnership, proprietorship, organization, trust or other entity that would not be an
“eligible contract participant” under the Commodity Exchange Act at such time but for the effect of Section 17. 

“Swap Obligation” means with respect to any Guarantor, any obligation to pay or perform under any agreement, contract or
transaction that constitutes a “swap” within the meaning of Section 1a(47) of the Commodity Exchange Act. 
 Section 2.
Guaranty; Limitation of Liability. 
 (a)    Each Guarantor hereby absolutely,
unconditionally and irrevocably guarantees the punctual payment when due, whether at scheduled maturity or on any date of a required prepayment or by acceleration, demand or otherwise, of all obligations of each other Loan Party now or hereafter
existing under or in respect of (x) the Loan Documents, (y) any agreement to provide cash management services, including treasury, depository, overdraft, credit or debit card, credit card processing, purchase card, ACH transactions,
electronic funds transfer and other cash management arrangements (a “Secured Cash Management Agreement”) and (z) any Hedge Agreement (a “Secured Hedge Agreement”), in the case of such cash management agreement
or Hedge Agreement, between the Borrower and any Person that is a Lender or an Affiliate of a Lender at the time that it becomes a party to such agreement (including, without limitation, any extensions, modifications, substitutions, amendments or
renewals of any or all of the foregoing obligations), whether direct or indirect, absolute or contingent, and whether for principal, interest, premiums, fees, indemnities, contract causes of action, costs, expenses or otherwise (such obligations
being the “Guaranteed Obligations”; provided, that “Guaranteed Obligations” of a Guarantor shall exclude any Excluded Swap Obligations of such Guarantor), and agrees to pay any and all expenses (including, without
limitation, fees and expenses of counsel) incurred by the Agent or any Lender in enforcing any rights under this Guaranty or any other Loan Document. For purposes of this Guaranty and any Guaranty Supplement, (i) the term “Lender”
shall include any Person that is a Lender or an Affiliate of a Lender at the time that it becomes a party to a Secured Hedge Agreement or a Secured Cash Management Agreement and (ii) the term “Loan

  
 2 

 
Documents” shall include Secured Hedge Agreements and Secured Cash Management Agreements. Without limiting the generality of the foregoing, each Guarantor’s liability shall extend to
all amounts that constitute part of the Guaranteed Obligations and would be owed by any other Loan Party to the Agent or any Lender under or in respect of the Loan Documents but for the fact that they are unenforceable or not allowable due to the
existence of a bankruptcy, reorganization or similar proceeding involving such other Loan Party. 

(b)    Each Guarantor, and by its acceptance of this Guaranty, the Agent and each Lender, hereby confirms
that it is the intention of all such Persons that this Guaranty and the obligations of each Guarantor hereunder not constitute a fraudulent transfer or conveyance for purposes of Bankruptcy Law (as hereinafter defined), the Uniform Fraudulent
Conveyance Act, the Uniform Fraudulent Transfer Act or any similar foreign, federal or state law to the extent applicable to this Guaranty and the obligations of each Guarantor hereunder. To effectuate the foregoing intention, the Agent, the Lenders
and the Guarantors hereby irrevocably agree that the obligations of each Guarantor under this Guaranty at any time shall be limited to the maximum amount as will result in the obligations of such Guarantor under this Guaranty not constituting a
fraudulent transfer or conveyance. For purposes hereof, “Bankruptcy Law” means any proceeding of the type referred to in Section 6.01(e) of the Credit Agreement or Title 11, U.S. Code, or any similar foreign, federal
or state law for the relief of debtors. 
 (c)    Each Guarantor hereby unconditionally and irrevocably
agrees that in the event any payment shall be required to be made to the Agent or any Lender under this Guaranty or any other guaranty, such Guarantor will contribute, to the maximum extent permitted by law and subject to the limitation of liability
provided in the preceding clause (b), such amounts to each other Guarantor and each other guarantor so as to maximize the aggregate amount paid to the Agent and the Lenders under or in respect of the Loan Documents. 

Section 3. Guaranty Absolute. 

Each Guarantor guarantees that the Guaranteed Obligations will be paid strictly in accordance with the terms of the Loan Documents, regardless
of any law, regulation or order now or hereafter in effect in any jurisdiction affecting any of such terms or the rights of the Agent or any Lender with respect thereto. The obligations of each Guarantor under or in respect of this Guaranty are
independent of the Guaranteed Obligations or any other obligations of any other Loan Party under or in respect of the Loan Documents, and a separate action or actions may be brought and prosecuted against each Guarantor to enforce this Guaranty,
irrespective of whether any action is brought against the Borrower or any other Loan Party or whether the Borrower or any other Loan Party is joined in any such action or actions. The liability of each Guarantor under this Guaranty shall be
irrevocable, absolute and unconditional irrespective of, and each Guarantor hereby irrevocably waives any defenses it may now have or hereafter acquire in any way relating to, any or all of the following (except as shall be required by applicable
law or statute and cannot be waived): 
 (a)    any lack of validity or enforceability of any Loan
Document or any agreement or instrument relating thereto; 

  
 3 

 (b)    any change in the time, manner or place of
payment of, or in any other term of, all or any of the Guaranteed Obligations or any other obligations of any other Loan Party under or in respect of the Loan Documents, or any other amendment or waiver of or any consent to departure from any Loan
Document, including, without limitation, any increase in the Guaranteed Obligations resulting from the extension of additional credit to any Loan Party or any of its Subsidiaries or otherwise; 

(c)    any taking, exchange, release or non-perfection of any
collateral, or any taking, release or amendment or waiver of, or consent to departure from, any other guaranty, for all or any of the Guaranteed Obligations; 

(d)    any manner of application of any collateral, or proceeds thereof, to all or any of the Guaranteed
Obligations, or any manner of sale or other disposition of any collateral for all or any of the Guaranteed Obligations or any other obligations of any Loan Party under the Loan Documents or any other assets of any Loan Party or any of its
Subsidiaries; 
 (e)    any change, restructuring or termination of the corporate structure or existence
of any Loan Party or any of its Subsidiaries; 
 (f)    any failure of the Agent or any Lender to
disclose to any Loan Party any information relating to the business, condition (financial or otherwise), operations, performance, properties or prospects of any other Loan Party now or hereafter known to the Agent or such Lender (each Guarantor
waiving any duty on the part of the Agent and the Lenders to disclose such information); 
 (g)    the
failure of any other Person to execute or deliver this Guaranty, any Guaranty Supplement (as hereinafter defined) or any other guaranty or agreement or the release or reduction of liability of any Guarantor or other guarantor or surety with respect
to the Guaranteed Obligations; or 
 (h)    any other circumstance (including, without limitation, any
statute of limitations) or any existence of or reliance on any representation by the Agent or any Lender that might otherwise constitute a defense available to, or a discharge of, any Loan Party or any other guarantor or surety (other than payment).

  
 4 

 This Guaranty shall continue to be effective or be reinstated, as the case may be, if at any
time any payment of any of the Guaranteed Obligations is rescinded or must otherwise be returned by the Agent or any Lender or any other Person upon the insolvency, bankruptcy or reorganization of the Borrower or any other Loan Party or otherwise,
all as though such payment had not been made. 
 Section 4. Waivers and Acknowledgments. 

(a)    Each Guarantor hereby unconditionally and irrevocably waives promptness, diligence, notice of
acceptance, presentment, demand for performance, notice of nonperformance, default, acceleration, protest or dishonor and any other notice with respect to any of the Guaranteed Obligations and this Guaranty and any requirement that the Agent or any
Lender protect, secure, perfect or insure any Lien or any property subject thereto or exhaust any right or take any action against any Loan Party or any other Person or any collateral. 

(b)    Each Guarantor hereby unconditionally and irrevocably waives any right to revoke this Guaranty and
acknowledges that this Guaranty is continuing in nature and applies to all Guaranteed Obligations, whether existing now or in the future. 

(c)    Each Guarantor hereby unconditionally and irrevocably waives (i) any defense arising by reason
of any claim or defense based upon an election of remedies by the Agent or any Lender that in any manner impairs, reduces, releases or otherwise adversely affects the subrogation, reimbursement, exoneration, contribution or indemnification rights of
such Guarantor or other rights of such Guarantor to proceed against any of the other Loan Parties, any other guarantor or any other Person or any collateral and (ii) any defense based on any right of
set-off or counterclaim against or in respect of the obligations of such Guarantor hereunder. 

(d)    Each Guarantor hereby unconditionally and irrevocably waives any duty on the part of the Agent or
any Lender to disclose to such Guarantor any matter, fact or thing relating to the business, condition (financial or otherwise), operations, performance, properties or prospects of any other Loan Party or any of its Subsidiaries now or hereafter
known by the Agent or such Lender. 
 (e)    Each Guarantor acknowledges that it will receive substantial
direct and indirect benefits from the financing arrangements contemplated by the Loan Documents and that the waivers set forth in Section 3 and this Section 4 are knowingly made in contemplation of such benefits. 

  
 5 

 Section 5. Subrogation. 

Each Guarantor hereby unconditionally and irrevocably agrees not to exercise any rights that it may now have or hereafter acquire against the
Borrower, any other Loan Party or any other insider guarantor that arise from the existence, payment, performance or enforcement of such Guarantor’s obligations under or in respect of this Guaranty, including, without limitation, any right of
subrogation, reimbursement, exoneration, contribution or indemnification and any right to participate in any claim or remedy of the Agent or any Lender against the Borrower, any other Loan Party or any other insider guarantor or any collateral,
whether or not such claim, remedy or right arises in equity or under contract, statute or common law, including, without limitation, the right to take or receive from the Borrower, any other Loan Party or any other insider guarantor, directly or
indirectly, in cash or other property or by set-off or in any other manner, payment or security on account of such claim, remedy or right, unless and until all of the Guaranteed Obligations and all other
amounts payable under this Guaranty shall have been paid in full in cash, all Letters of Credit shall have expired or been terminated and the Commitments shall have expired or been terminated. If any amount shall be paid to any Guarantor in
violation of the immediately preceding sentence at any time prior to the latest of (a) the payment in full in cash of the Guaranteed Obligations and all other amounts payable under this Guaranty, (b) the Termination Date and (c) the
latest date of expiration or termination of all Letters of Credit, such amount shall be received and held in trust for the benefit of the Agent and the Lenders, shall be segregated from other property and funds of such Guarantor and shall forthwith
be paid or delivered to the Agent in the same form as so received (with any necessary endorsement or assignment) to be credited and applied to the Guaranteed Obligations and all other amounts payable under this Guaranty, whether matured or
unmatured, in accordance with the terms of the Loan Documents, or to be held as collateral for any Guaranteed Obligations or other amounts payable under this Guaranty thereafter arising. Subject to the preceding provision of this Section 5, it
is the intent of the parties that each Guarantor shall have rights of subrogation in respect hereof, and if (i) any Guarantor shall make payment to the Agent of all or any part of the Guaranteed Obligations, (ii) all of the Guaranteed
Obligations and all other amounts payable under this Guaranty shall have been paid in full in cash, (iii) the Termination Date shall have occurred and (iv) all Letters of Credit shall have expired or been terminated, the Agent and the
Lenders will, at such Guarantor’s request and expense, execute and deliver to such Guarantor appropriate documents, without recourse and without representation or warranty, necessary to evidence the transfer by subrogation to such Guarantor of
an interest in the Guaranteed Obligations resulting from such payment made by such Guarantor pursuant to this Guaranty. 
 Section 6. Payments
Free and Clear of Taxes, Etc. 
 (a)    Any and all payments made by any Guarantor under or
in respect of this Guaranty or any other Loan Document shall be made, in accordance with Section 2.13 of the Credit Agreement, free and clear of and without deduction for any and all present or future Taxes. If any Guarantor shall be required
by law to deduct any Taxes from or in respect of any sum payable under or in respect of this Guaranty or any other Loan Document to the Agent or any Lender, (i) the sum payable by such Guarantor shall be increased as may be necessary so that
after such Guarantor and the Agent have made all required deductions (including deductions applicable to additional sums payable under this Section 6), the Agent or such Lender receives an amount equal to the sum it would have received had no
such deductions been made, (ii) such Guarantor shall make such deductions and (iii) such Guarantor shall pay the full amount deducted to the relevant taxation authority or other authority in accordance with applicable law. 

  
 6 

 (b)    In addition, each Guarantor agrees to pay any
present or future Other Taxes that arise from any payment made by or on behalf of such Guarantor under or in respect of this Guaranty or any other Loan Document or from the execution, delivery or registration of, performance under, or otherwise with
respect to, this Guaranty and the other Loan Documents. 
 (c)    Each Guarantor will indemnify the Agent
and each Lender for and hold it harmless against the full amount of Taxes or Other Taxes, and for the full amount of taxes of any kind imposed by any jurisdiction on amounts payable under this Section 6, imposed on or paid by the Agent or such
Lender, as the case may be, and any liability (including penalties, additions to tax, interest and expenses) arising therefrom or with respect thereto. This indemnification shall be made within 30 days from the date the Agent or such Lender makes
written demand therefor. 
 (d)    The obligations of each Guarantor under this Section are subject in
all respects to the limitations, qualifications and satisfaction of conditions set forth in Section 2.14 of the Credit Agreement. Without limitation of the foregoing, the Lenders are subject to the obligations set forth in Section 2.14 of
the Credit Agreement to the same extent as if set forth herein. 
 Section 7. Representations and Warranties. 

Each Guarantor hereby represents and warrants as follows: 

(a)    Such Guarantor is a corporation duly organized, validly existing and in good standing under the laws
of the jurisdiction of its organization. 
 (b)    The execution, delivery and performance by such
Guarantor of this Guaranty and the consummation of the transactions contemplated hereby, are within such Guarantor’s corporate powers, have been duly authorized by all necessary corporate action, and do not contravene (i) such
Guarantor’s charter or by-laws, (ii) law, (iii) any indenture, deed of trust, credit agreement or loan agreement binding on or affecting such Guarantor or (iv) any other material agreement,
contract or instrument binding on or affecting such Guarantor. 
 (c)    No authorization or approval or
other action by, and no notice to or filing with, any governmental authority or regulatory body is required for the due execution, delivery and 

  
 7 

 
performance by such Guarantor of this Guaranty. No authorization or approval or other action by, and no notice to or filing with, any third party is required for the due execution, delivery and
performance by such Guarantor of this Guaranty, except to the extent that failure to so obtain or so file could not reasonably be expected to have a Material Adverse Effect. 

(d)    This Guaranty has been duly executed and delivered by such Guarantor. This Guaranty is the legal,
valid and binding obligation of such Guarantor enforceable against such Guarantor in accordance with its terms, subject to the effect of any applicable bankruptcy, insolvency, reorganization or moratorium or similar laws affecting the rights of
creditors generally and subject to general principles of equity (regardless of whether enforcement is sought in a proceeding at law or in equity). 

(e)    Such Guarantor has, independently and without reliance upon the Agent or any Lender and based on
such documents and information as it has deemed appropriate, made its own credit analysis and decision to enter into this Guaranty and each other Loan Document to which it is or is to be a party, and such Guarantor has established adequate means of
obtaining from each other Loan Party on a continuing basis information pertaining to, and is now and on a continuing basis will be familiar with, the business, condition (financial or otherwise), operations, performance, properties and prospects of
such other Loan Party. 
 Section 8. Covenants. 

Each Guarantor covenants and agrees that, so long as any part of the Guaranteed Obligations shall remain unpaid, any Letter of Credit shall be
outstanding or any Lender shall have any Commitment in effect, such Guarantor will perform and observe, and cause each of its Subsidiaries to perform and observe, all of the terms, covenants and agreements set forth in the Loan Documents on its or
their part to be performed or observed or that the Borrower has agreed to cause such Guarantor or such Subsidiaries to perform or observe. 

Section 9. Amendments, Guaranty Supplements, Etc. 

(a)    No amendment or waiver of any provision of this Guaranty and no consent to any departure by any
Guarantor therefrom shall in any event be effective unless the same shall be in writing and signed by the Agent and the Required Lenders, and then such waiver or consent shall be effective only in the specific instance and for the specific purpose
for which given; provided, however, that no amendment, waiver or consent shall, unless in writing and signed by all of the Lenders, (a) reduce or limit the obligations of any Guarantor hereunder, release any Guarantor hereunder or otherwise
limit any Guarantor’s liability with respect to the obligations owing to the Lenders under or in respect of the Loan Documents except as provided in the next succeeding sentence or (b) change the number of Lenders or the percentage of
(x) the Commitments, (y) the aggregate unpaid principal amount of the Loans or (z) the aggregate Available Amount of 

  
 8 

 
outstanding Letters of Credit that, in each case, shall be required for the Lenders or any of them to take any action hereunder. Upon the sale, liquidation or dissolution of a Guarantor to the
extent permitted in accordance with the terms of the Loan Documents, such Guarantor shall be automatically released from this Guaranty. 

(b)    Upon the execution and delivery by any Person of a guaranty supplement in substantially the form of
Exhibit A hereto (each, a “Guaranty Supplement”), (i) such Person shall be referred to as an “Additional Guarantor” and shall become and be a Guarantor hereunder, and each reference in
this Guaranty to a “Guarantor” shall also mean and be a reference to such Additional Guarantor, and each reference in any other Loan Document to a “Subsidiary Guarantor” shall also mean and be a reference to such
Additional Guarantor, and (ii) each reference herein to “this Guaranty”, “hereunder”, “hereof” or words of like import referring to this Guaranty, and each reference in any other Loan Document to the
“Subsidiary Guaranty”, “thereunder”, “thereof” or words of like import referring to this Guaranty, shall mean and be a reference to this Guaranty as supplemented by such Guaranty Supplement. 

Section 10. Notices, Etc. 

All notices and other communications provided for hereunder shall be in writing (including telegraphic, telecopy or telex communication) and
mailed, telegraphed, telecopied, telexed or delivered to it, if to any Guarantor, addressed to it in care of the Borrower at the Borrower’s address specified in Section 8.02 of the Credit Agreement, if to any Agent or any Lender, at its
address specified in Section 8.02 of the Credit Agreement, or, as to any party, at such other address as shall be designated by such party in a written notice to each other party. All such notices and other communications shall, when mailed,
telegraphed, telecopied or telexed, be effective when deposited in the mails, delivered to the telegraph company, transmitted by telecopier or confirmed by telex answerback, respectively. Delivery by telecopier of an executed counterpart of a
signature page to any amendment or waiver of any provision of this Guaranty or of any Guaranty Supplement to be executed and delivered hereunder shall be effective as delivery of an original executed counterpart thereof. 

Section 11. No Waiver; Remedies. 

No failure on the part of the Agent or any Lender to exercise, and no delay in exercising, any right hereunder shall operate as a waiver
thereof; nor shall any single or partial exercise of any right hereunder preclude any other or further exercise thereof or the exercise of any other right. The remedies herein provided are cumulative and not exclusive of any remedies provided by
law. 

  
 9 

 Section 12. Right of Set-off. 

Upon (a) the occurrence and during the continuance of any Event of Default and (b) the making of the request or the granting of the
consent specified by Section 6.01 of the Credit Agreement to authorize the Agent to declare the Loans due and payable pursuant to the provisions of said Section 6.01, the Agent and each Lender and each of their respective Affiliates is
hereby authorized at any time and from time to time, to the fullest extent permitted by law, to set off and apply any and all deposits (general or special, time or demand, provisional or final) at any time held and other indebtedness at any time
owing by the Agent, such Lender or such Affiliate to or for the credit or the account of any Guarantor against any and all of the obligations of such Guarantor now or hereafter existing under the Loan Documents, irrespective of whether the Agent or
such Lender shall have made any demand under this Guaranty or any other Loan Document and although such obligations may be unmatured. The Agent and each Lender agrees promptly to notify such Guarantor after any such
set-off and application; provided, however, that the failure to give such notice shall not affect the validity of such set-off and application. The rights of the Agent
and each Lender and their respective Affiliates under this Section are in addition to other rights and remedies (including, without limitation, other rights of set-off) that the Agent, such Lender and their
respective Affiliates may have. 
 Section 13. Indemnification. 

(a)    Without limitation on any other obligations of any Guarantor or remedies of the Agent or the Lenders
under this Guaranty, each Guarantor shall, to the fullest extent permitted by law, indemnify, defend and save and hold harmless the Agent, each Lender and each of their Affiliates and their respective officers, directors, employees, agents and
advisors (each, an “Indemnified Party”) from and against, and shall pay on demand, any and all claims, damages, losses, liabilities and expenses (including, without limitation, reasonable fees and expenses of counsel) that may be
incurred by or asserted or awarded against any Indemnified Party in connection with or as a result of any failure of any Guaranteed Obligations to be the legal, valid and binding obligations of any Loan Party enforceable against such Loan Party in
accordance with their terms. 
 (b)    Each Guarantor hereby also agrees that none of the Indemnified
Parties shall have any liability (whether direct or indirect, in contract, tort or otherwise) to any of the Guarantors or any of their respective Affiliates or any of their respective officers, directors, employees, agents and advisors, and each
Guarantor hereby agrees not to assert any claim against any Indemnified Party on any theory of liability, for special, indirect, consequential or punitive damages arising out of or otherwise relating to the Facilities, the actual or proposed use of
the proceeds of the Loans or the Letters of Credit or any of the transactions contemplated by the Credit Agreement. 

(c)    Without prejudice to the survival of any of the other agreements of any Guarantor under this
Guaranty or any of the other Loan Documents, the agreements and obligations of each Guarantor contained in Section 2(a) (with respect to enforcement expenses), the last sentence of Section 3, Section 6 and this Section 13 shall
survive the payment in full of the Guaranteed Obligations and all of the other amounts payable under this Guaranty. 

  
 10 

 Section 14. Subordination. 

Each Guarantor hereby subordinates any and all debts, liabilities and other obligations owed to such Guarantor by each other Loan Party (the
“Subordinated Obligations”) to the Guaranteed Obligations to the extent and in the manner hereinafter set forth in this Section 14: 

(a)    Prohibited Payments, Etc. Except during the continuance of an Event of Default (including the
commencement and continuation of any proceeding under any Bankruptcy Law relating to any other Loan Party), each Guarantor may receive payments from any other Loan Party on account of the Subordinated Obligations. After the occurrence and during the
continuance of any Default (including the commencement and continuation of any proceeding under any Bankruptcy Law relating to any other Loan Party), however, unless the Agent otherwise agrees, no Guarantor shall demand, accept or take any action to
collect any payment on account of the Subordinated Obligations. 
 (b)    Prior Payment of Guaranteed
Obligations. In any proceeding under any Bankruptcy Law relating to any other Loan Party, each Guarantor agrees that the Agent and the Lenders shall be entitled to receive payment in full in cash of all Guaranteed Obligations (including all
interest and expenses accruing after the commencement of a proceeding under any Bankruptcy Law, whether or not constituting an allowed claim in such proceeding (“Post Petition Interest”)) before such Guarantor receives payment of
any Subordinated Obligations. 
 (c)    Turn-Over.
After the occurrence and during the continuance of any Event of Default (including the commencement and continuation of any proceeding under any Bankruptcy Law relating to any other Loan Party), each Guarantor shall, if the Agent so requests,
collect, enforce and receive payments on account of the Subordinated Obligations as trustee for the Lenders and deliver such payments to the Agent on account of the Guaranteed Obligations (including all Post Petition Interest), together with any
necessary endorsements or other instruments of transfer, but without reducing or affecting in any manner the liability of such Guarantor under the other provisions of this Guaranty. 

(d)    Agent Authorization. After the occurrence and during the continuance of any Event of Default
(including the commencement and continuation of any proceeding under any Bankruptcy Law relating to any other Loan Party), the Agent is authorized and empowered (but without any obligation to so do), in its discretion, (i) in the name of each
Guarantor, to collect and enforce, and to submit claims in respect of, Subordinated Obligations and to apply any amounts received thereon to the Guaranteed Obligations (including any and all Post Petition Interest), and (ii) to require each
Guarantor (A) to collect and enforce, and to submit claims in respect of, Subordinated Obligations and (B) to pay any amounts received on such obligations to the Agent for application to the Guaranteed Obligations (including any and all
Post Petition Interest). 

  
 11 

 Section 15. Continuing Guaranty; Assignments under the Credit Agreement. 

This Guaranty is a continuing guaranty and shall (a) subject to the last sentence of Section 9(a), remain in full force and effect
until the latest of (i) the payment in full in cash of the Guaranteed Obligations and all other amounts payable under this Guaranty, (ii) the Termination Date and (iii) the latest date of expiration or termination of all Letters of
Credit, (b) be binding upon the Guarantor, its successors and assigns and (c) inure to the benefit of and be enforceable by the Lenders and their successors, transferees and assigns. Without limiting the generality of clause (c) of
the immediately preceding sentence, any Lender may assign or otherwise transfer all or any portion of its rights and obligations under the Credit Agreement (including, without limitation, all or any portion of its Commitments, the Loans owing to it
and the Note or Notes held by it) to any other Person, and such other Person shall thereupon become vested with all the benefits in respect thereof granted to such Lender herein or otherwise, in each case as and to the extent provided in
Section 8.07 of the Credit Agreement. No Guarantor shall have the right to assign its rights hereunder or any interest herein without the prior written consent of the Lenders. 

Section 16. Execution in Counterparts. 

This Guaranty and each amendment, waiver and consent with respect hereto may be executed in any number of counterparts and by different parties
thereto in separate counterparts, each of which when so executed shall be deemed to be an original and all of which taken together shall constitute one and the same agreement. Delivery of an executed counterpart of a signature page to this Guaranty
by telecopier shall be effective as delivery of an original executed counterpart of this Guaranty. 
 Section 17. Governing Law; Jurisdiction;
Waiver of Jury Trial, Etc. 
 (a)    This Guaranty shall be governed by, and construed in
accordance with, the laws of the State of New York. 
 (b)    Each Guarantor hereby irrevocably and
unconditionally submits, for itself and its property, to the nonexclusive jurisdiction of any New York State court or federal court of the United States of America sitting in New York City, and any appellate court from any thereof, in any
action or proceeding arising out of or relating to this Guaranty or any of the other Loan Documents to which it is or is to be a party, or for recognition or enforcement of any judgment, and each Guarantor hereby irrevocably and unconditionally
agrees that all claims in respect of any such action or proceeding may be heard and determined in any such New York State court or, to the extent permitted by law, in such federal court. Each Guarantor agrees that a final judgment in any such action
or proceeding shall be conclusive and may be enforced in other jurisdictions by suit on the judgment or in any other manner provided by law. Nothing in this Guaranty or any other Loan Document shall affect any right that any party may otherwise have
to bring any action or proceeding relating to this Guaranty or any other Loan Document in the courts of any jurisdiction. 

  
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 (c)    Each Guarantor irrevocably and unconditionally
waives, to the fullest extent it may legally and effectively do so, any objection that it may now or hereafter have to the laying of venue of any suit, action or proceeding arising out of or relating to this Guaranty or any of the other Loan
Documents to which it is or is to be a party in any New York State or federal court. Each Guarantor hereby irrevocably waives, to the fullest extent permitted by law, the defense of an inconvenient forum to the maintenance of such suit, action
or proceeding in any such court. 
 (d)    EACH GUARANTOR HEREBY IRREVOCABLY WAIVES ALL RIGHT TO TRIAL BY
JURY IN ANY ACTION, PROCEEDING OR COUNTERCLAIM (WHETHER BASED ON CONTRACT, TORT OR OTHERWISE) ARISING OUT OF OR RELATING TO ANY OF THE LOAN DOCUMENTS, THE LOANS OR THE ACTIONS OF THE AGENT OR ANY LENDER IN THE NEGOTIATION, ADMINISTRATION,
PERFORMANCE OR ENFORCEMENT THEREOF. 
 Section 18. Keepwell. 

Each Qualified ECP Guarantor hereby jointly and severally absolutely, unconditionally and irrevocably undertakes to provide such funds or other
support as may be needed from time to time by each Specified Loan Party to honor all of such Specified Loan Party’s obligations under this Guaranty and the other Loan Documents in respect of Swap Obligations (provided, however, that each
Qualified ECP Guarantor shall only be liable under this Section 18 for the maximum amount of such liability that can be hereby incurred without rendering its obligations under this Section 18 or otherwise under this Guaranty voidable under
applicable law relating to fraudulent conveyance or fraudulent transfer, and not for any greater amount). The obligations of each Qualified ECP Guarantor under this Section 18 shall remain in full force and effect until the Guaranteed
Obligations have been indefeasibly paid and performed in full. Each Qualified ECP Guarantor intends that this Section 18 constitute, and this Section 18 shall be deemed to constitute, a “keepwell, support, or other agreement” for
the benefit of each Specified Loan Party for all purposes of Section la(18)(A)(v)(II) of the Commodity Exchange Act. 

  
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 IN WITNESS WHEREOF, each Guarantor has caused this Guaranty to be duly executed and
delivered by its officer thereunto duly authorized as of the date first above written. 
  

			
	[NAME OF GUARANTOR]
		
	By:	 	
                     
                                         
          

		
	Name:	 	  

		
	Title:	 	  

	
	[NAME OF GUARANTOR]
		
	By:	 	  

		
	Name:	 	  

		
	Title:	 	  

 Exhibit A 

FORM OF SUBSIDIARY GUARANTY SUPPLEMENT 

                 ,      

Mizuho Bank, Ltd., as Agent 
 Harborside Financial Center 

1800 Plaza 10 
 Jersey City, NJ 07311 

Attention: Sophia White-Larmond 
 Telephone: (201) 626-9134 
 Facsimile: (201) 626-9935 

Electronic Mail: lau_agent@mizuhogroup.com 

Credit Agreement dated as of June 8, 2021 among 

Packaging Corporation of America, a Delaware corporation (the “Borrower”), 

the Lenders party thereto and Mizuho Bank, Ltd., as Agent 

Ladies and Gentlemen: 
 Reference is made to the
above-captioned Credit Agreement and to the Subsidiary Guaranty referred to therein (such Subsidiary Guaranty, as in effect on the date hereof and as it may hereafter be

 
amended, amended and restated, supplemented or otherwise modified from time to time, together with this Guaranty Supplement, being the “Subsidiary Guaranty”). The capitalized
terms defined in the Subsidiary Guaranty or in the Credit Agreement and not otherwise defined herein are used herein as therein defined. 
 Section 1.
Guaranty; Limitation of Liability. 
 (a)    The undersigned hereby absolutely, unconditionally
and irrevocably guarantees the punctual payment when due, whether at scheduled maturity or on any date of a required prepayment or by acceleration, demand or otherwise, of all obligations of each other Loan Party now or hereafter existing under or
in respect of (x) the Loan Documents, (y) any agreement to provide cash management services, including treasury, depository, overdraft, credit or debit card, credit card processing, purchase card, ACH transactions, electronic funds
transfer and other cash management arrangements (a “Secured Cash Management Agreement”) and (z) any Hedge Agreement (a “Secured Hedge Agreement”), in the case of such cash management agreement or Hedge
Agreement, between the Borrower and any Person that is a Lender or an Affiliate of a Lender at the time that it becomes a party to such agreement (including, without limitation, any extensions, modifications, substitutions, amendments or renewals of
any or all of the foregoing obligations), whether direct or indirect, absolute or contingent, and whether for principal, interest, premiums, fees, indemnities, contract causes of action, costs, expenses or otherwise (such obligations being the
“Guaranteed Obligations”; provided, that “Guaranteed Obligations” of a Guarantor shall exclude any Excluded Swap Obligations of such Guarantor), and agrees to pay any and all expenses (including, without limitation, fees
and expenses of counsel) incurred by the Agent or any Lender in enforcing any rights under this Guaranty or any other Loan Document. For purposes of this Guaranty Supplement, (i) the term “Lender” shall include any Person that is a
Lender or an Affiliate of a Lender at the time that it becomes a party to a Secured Hedge Agreement or a Secured Cash Management Agreement and (ii) the term “Loan Documents” shall include Secured Hedge Agreements and Secured Cash
Management Agreements. Without limiting the generality of the foregoing, each Guarantor’s liability shall extend to all amounts that constitute part of the Guaranteed Obligations and would be owed by any other Loan Party to the Agent or any
Lender under or in respect of the Loan Documents but for the fact that they are unenforceable or not allowable due to the existence of a bankruptcy, reorganization or similar proceeding involving such other Loan Party. 

(b)    The undersigned, and by its acceptance of this Guaranty Supplement, the Agent and each Lender,
hereby confirms that it is the intention of all such Persons that this Guaranty Supplement, the Subsidiary Guaranty and the obligations of the undersigned hereunder and thereunder not constitute a fraudulent transfer or conveyance for purposes of
Bankruptcy Law, the Uniform Fraudulent Conveyance Act, the Uniform Fraudulent Transfer Act or any similar foreign, federal or state law to the extent applicable to this Guaranty Supplement, the Subsidiary Guaranty and the obligations of the
undersigned hereunder and thereunder. To effectuate the foregoing intention, the Agent, the Lenders and the undersigned hereby irrevocably agree that the obligations of the undersigned under this Guaranty Supplement and the Subsidiary Guaranty at
any time shall be limited to the maximum amount as will result in the obligations of the undersigned under this Guaranty Supplement and the Subsidiary Guaranty not constituting a fraudulent transfer or conveyance. 

 (c)    The undersigned hereby unconditionally and
irrevocably agrees that in the event any payment shall be required to be made to the Agent or any Lender under this Guaranty Supplement, the Subsidiary Guaranty or any other guaranty, the undersigned will contribute, to the maximum extent permitted
by applicable law and subject to the limitations on liability set forth in Section 1(b) above, such amounts to each other Guarantor and each other guarantor so as to maximize the aggregate amount paid to the Agent and the Lenders under or in
respect of the Loan Documents. 
 Section 2. Obligations Under the Guaranty. 

The undersigned hereby agrees, as of the date first above written, to be bound as a Guarantor by all of the terms and conditions of the
Subsidiary Guaranty to the same extent as each of the other Guarantors thereunder. The undersigned further agrees, as of the date first above written, that each reference in the Subsidiary Guaranty to an “Additional Guarantor” or a
“Guarantor” shall also mean and be a reference to the undersigned, and each reference in any other Loan Document to a “Subsidiary Guarantor” or a “Loan Party” shall also mean and be a reference to
the undersigned. 
 Section 3. Representations and Warranties. 

The undersigned hereby makes each representation and warranty set forth in Section 7 of the Subsidiary Guaranty to the same extent as each
other Guarantor. 
 Section 4. Delivery by Telecopier. 

Delivery of an executed counterpart of a signature page to this Guaranty Supplement by telecopier shall be effective as delivery of an original
executed counterpart of this Guaranty Supplement. 
 Section 5. Governing Law; Jurisdiction; Waiver of Jury Trial, Etc. 

(a)    This Guaranty Supplement shall be governed by, and construed in accordance with, the laws of the
State of New York. 

 (b)    The undersigned hereby irrevocably and
unconditionally submits, for itself and its property, to the nonexclusive jurisdiction of any New York State court or any federal court of the United States of America sitting in New York City, and any appellate court from any thereof, in
any action or proceeding arising out of or relating to this Guaranty Supplement, the Subsidiary Guaranty or any of the other Loan Documents to which it is or is to be a party, or for recognition or enforcement of any judgment, and the undersigned
hereby irrevocably and unconditionally agrees that all claims in respect of any such action or proceeding may be heard and determined in any such New York State court or, to the extent permitted by law, in such federal court. The undersigned agrees
that a final judgment in any such action or proceeding shall be conclusive and may be enforced in other jurisdictions by suit on the judgment or in any other manner provided by law. Nothing in this Guaranty Supplement or the Subsidiary Guaranty or
any other Loan Document shall affect any right that any party may otherwise have to bring any action or proceeding relating to this Guaranty Supplement, the Subsidiary Guaranty or any of the other Loan Documents to which it is or is to be a party in
the courts of any other jurisdiction. 
 (c)    The undersigned irrevocably and unconditionally waives,
to the fullest extent it may legally and effectively do so, any objection that it may now or hereafter have to the laying of venue of any suit, action or proceeding arising out of or relating to this Guaranty Supplement, the Subsidiary Guaranty or
any of the other Loan Documents to which it is or is to be a party in any New York State or federal court. The undersigned hereby irrevocably waives, to the fullest extent permitted by law, the defense of an inconvenient forum to the
maintenance of such suit, action or proceeding in any such court. 
 (d)    THE UNDERSIGNED HEREBY
IRREVOCABLY WAIVES ALL RIGHT TO TRIAL BY JURY IN ANY ACTION, PROCEEDING OR COUNTERCLAIM (WHETHER BASED ON CONTRACT, TORT OR OTHERWISE) ARISING OUT OF OR RELATING TO ANY OF THE LOAN DOCUMENTS, THE LOANS OR THE ACTIONS OF THE AGENT OR ANY LENDER IN
THE NEGOTIATION, ADMINISTRATION, PERFORMANCE OR ENFORCEMENT THEREOF. 
  

			
	Very truly yours,
	
	[NAME OF ADDITIONAL GUARANTOR]
		
	By:	 	
                     
                                         
          

		
	Name:	 	
		
	Title:	 	

 EXHIBIT F-1 

[FORM OF] 
 U.S. TAX COMPLIANCE
CERTIFICATE 
 (For Foreign Lenders That Are Not Partnerships For U.S. Federal Income Tax Purposes) 

Reference is hereby made to the Credit Agreement (as amended, modified, supplemented, increased and extended from time to time, the
“Credit Agreement”) dated as of June 8, 2021 among Packaging Corporation of America (the “Borrower”), the Lenders identified therein and Mizuho Bank, Ltd., as Agent. 

Pursuant to the provisions of Section 2.14(e) of the Credit Agreement, the undersigned hereby certifies that (i) it is the sole
record and beneficial owner of the Loan(s) (as well as any Note(s) evidencing such Loan(s)) in respect of which it is providing this certificate, (ii) it is not a bank within the meaning of Section 881(c)(3)(A) of the Code, (iii) it
is not a ten percent shareholder of the Borrower within the meaning of Section 881(c)(3)(B) of the Code and (iv) it is not a controlled foreign corporation related to the Borrower as described in Section 881(c)(3)(C) of the Code. 

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

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

			
	[NAME OF LENDER]
		
	By:	 	
                     
                                         
      

	Name:	 	  

	Title:	 	  

 Date:             , 20[    ] 

 EXHIBIT F-2 

[FORM OF] 
 U.S. TAX COMPLIANCE
CERTIFICATE 
 (For Foreign Participants That Are Not Partnerships For U.S. Federal Income Tax Purposes) 

Reference is hereby made to the Credit Agreement (as amended, modified, supplemented, increased and extended from time to time, the
“Credit Agreement”) dated as of June 8, 2021 among Packaging Corporation of America (the “Borrower”), the Lenders identified therein and Mizuho Bank, Ltd., as Agent. 

Pursuant to the provisions of Section 2.14(e) of the Credit Agreement, the undersigned hereby certifies that (i) it is the sole
record and beneficial owner of the participation in respect of which it is providing this certificate, (ii) it is not a bank within the meaning of Section 881(c)(3)(A) of the Code, (iii) it is not a ten percent shareholder of the
Borrower within the meaning of Section 881(c)(3)(B) of the Code, and (iv) it is not a controlled foreign corporation related to the Borrower as described in Section 881(c)(3)(C) of the Code. 

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

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

			
	[NAME OF PARTICIPANT]
		
	By:	 	
                     
                                         
      

	Name:	 	  

	Title:	 	  

 Date:             , 20[    ] 

 EXHIBIT F-3 

[FORM OF] 
 U.S. TAX COMPLIANCE
CERTIFICATE 
 (For Foreign Participants That Are Partnerships For U.S. Federal Income Tax Purposes) 

Reference is hereby made to the Credit Agreement (as amended, modified, supplemented, increased and extended from time to time, the
“Credit Agreement”) dated as of June 8, 2021 among Packaging Corporation of America (the “Borrower”), the Lenders identified therein and Mizuho Bank, Ltd., as Agent. 

Pursuant to the provisions of Section 2.14(e) of the Credit Agreement, the undersigned hereby certifies that (i) it is the sole
record owner of the participation in respect of which it is providing this certificate, (ii) its direct or indirect partners/members are the sole beneficial owners of such participation, (iii) with respect such participation, neither the
undersigned nor any of its direct or indirect partners/members is a bank extending credit pursuant to a loan agreement entered into in the ordinary course of its trade or business within the meaning of Section 881(c)(3)(A) of the Code,
(iv) none of its direct or indirect partners/members is a ten percent shareholder of the Borrower within the meaning of Section 881(c)(3)(B) of the Code and (v) none of its direct or indirect partners/members is a controlled foreign
corporation related to the Borrower as described in Section 881(c)(3)(C) of the Code. 
 The undersigned has furnished its
participating Lender with IRS Form W-8IMY accompanied by one of the following forms from each of its partners/members that is claiming the portfolio interest exemption: (i) an IRS Form W-8BEN or W-8BEN-E, as applicable, or (ii) an IRS Form W-8IMY accompanied by an IRS Form W-8BEN or W-8BEN-E, as applicable, from each of such partner’s/member’s beneficial owners that is claiming the portfolio
interest exemption. By executing this certificate, the undersigned agrees that (1) if the information provided on this certificate changes, the undersigned shall promptly so inform such Lender and (2) the undersigned shall have at all
times furnished such Lender with a properly completed and currently effective certificate in either the calendar year in which each payment is to be made to the undersigned, or in either of the two calendar years preceding such payments. 

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

			
	[NAME OF PARTICIPANT]
		
	By:	 	
                     
                                         
      

	Name:	 	  

	Title:	 	  

 Date:             , 20[    ] 

 EXHIBIT F-4 

Reference is hereby made to the Credit Agreement (as amended, modified, supplemented, increased and extended from time to time, the
“Credit Agreement”) dated as of June 8, 2021 among Packaging Corporation of America (the “Borrower”), the Lenders identified therein and Mizuho Bank, Ltd., as Agent. 

 

			
	[NAME OF LENDER]
		
	By:	 	
                     
                                         
      

	Name:	 	  

	Title:	 	  

 Date:             , 20[    ] 

 Dated:             ,
20     
 FOR VALUE RECEIVED, the undersigned, Packaging Corporation of America, a Delaware corporation (the
“Borrower”), HEREBY PROMISES TO PAY to the order of Mizuho Bank, Ltd. (the “Swing Line Lender”) for the account of its Applicable Lending Office on the Termination Date (each as defined in the Credit Agreement
referred to below) the aggregate principal amount of Swing Line Loans made by the Swing Line Lender to the Borrower pursuant to the Credit Agreement dated as of June 8, 2021 among the Borrower, the Swing Line Lender and certain other lenders
parties thereto and Mizuho Bank, Ltd., as Agent for the Lenders (as amended, amended and restated, supplemented or otherwise modified from time to time, the “Credit Agreement”; the terms defined therein being used herein as therein
defined) outstanding on such Termination Date. 
 The Borrower promises to pay interest on the unpaid principal amount of each Swing Line
Loan from the date of such Swing Line Loan until such principal amount is paid in full, at such interest rates, and payable at such times, as are specified in the Credit Agreement. 

Both principal and interest are payable in lawful money of the United States of America to Mizuho Bank, Ltd., as Agent, at Harborside
Financial Center, 1800 Plaza 10 Jersey City, NJ 07311, in same day funds. Each Swing Line Loan owing to the Swing Line Lender by the Borrower pursuant to the Credit Agreement, and all payments made on account of principal thereof, may be recorded by
the Swing Line Lender and, prior to any transfer hereof, endorsed on a schedule attached hereto which shall be part of this Swing Line Note. 

This Swing Line Note is one of the Notes referred to in in the Credit Agreement, is entitled to the benefits thereof and may be prepaid in
whole or in part subject to the terms and conditions provided therein. Upon the occurrence and continuation of one or more of the Events of Default specified in the Credit Agreement, all amounts then remaining unpaid on this Swing Line Note shall
become, or may be declared to be, immediately due and payable all as provided in the Credit Agreement. Swing Line Loans made by the Swing Line Lender shall be evidenced by one or more loan accounts or records maintained by the Swing Line Lender in
the ordinary course of business. The Swing Line Lender may also attach schedules to this Swing Line Note and endorse thereon the date, amount and maturity of its Swing Line Loans and payments with respect thereto. 

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

IN WITNESS WHEREOF, the undersigned has caused this Swing Line Note to be executed as of the date first above written. 

 

			
	PACKAGING CORPORATION OF AMERICA
		
	By:	 	
                     
                                         
          

		
	Name:	 	  

		
	Title:Exhibit 10.1

 

EXECUTION VERSION

 

	Credit Published CUSIP Number:	03077FAN8
	Revolving Credit CUSIP Number:	03077FAP3

 

 

 

$1,000,000,000

 

FOURTH AMENDED AND RESTATED CREDIT AGREEMENT

 

dated as of June 11, 2021,

 

by and among

 

AMERIPRISE
FINANCIAL, INC.,

as Borrower,

 

THE
LENDERS REFERRED TO HEREIN,

as Lenders,

 

WELLS
FARGO BANK, NATIONAL ASSOCIATION,

as Administrative Agent,

Swingline Lender and Issuing Lender

 

 

 

with

 

BANK
OF AMERICA, N.A.,

and

CITIBANK, N.A.,

as Co-Syndication Agents

 

CREDIT SUISSE AG, New York BRANCH,

GOLDMAN SACHS BANK USA,

HSBC BANK USA, NATIONAL ASSOCIATION,

JPMORGAN CHASE BANK, N.A.

U.S. BANK NATIONAL ASSOCIATION

and

BMO
HARRIS BANK N.A.,

as Co-Documentation Agents

 

and

 

WELLS
FARGO SECURITIES, LLC,

BOFA SECURITIES, INC.,

and

CITIBANK,
N.A.,

as Joint Lead Arrangers and Joint Bookrunners

 

 

 

     

     

    

 

Table
of Contents

 

Page

 

	ARTICLE I DEFINITIONS	1
	SECTION 1.1	Definitions	40
	SECTION 1.2	Other Definitions and Provisions	40
	SECTION 1.3	Accounting Terms	40
	SECTION 1.4	Rounding	40
	SECTION 1.5	References to Agreement and Laws	40
	SECTION 1.6	Times of Day	41
	SECTION 1.7	Letter of Credit Amounts	41
	SECTION 1.8	Covenant Compliance Generally	41
	SECTION 1.9	Rates	41
	SECTION 1.10	Divisions	42
	SECTION 1.11	Exchange Rates; Currency Equivalents	42
	SECTION 1.12	Change of Currency	43
	SECTION 1.13	Additional Alternative Currencies	43
	ARTICLE II REVOLVING CREDIT FACILITY	44
	SECTION 2.1	Revolving Credit Loans	44
	SECTION 2.2	Swingline Loans	44
	SECTION 2.3	Procedure for Advances of Revolving Credit Loans and Swingline Loans	46
	SECTION 2.4	Repayment and Prepayment of Revolving Credit and Swingline Loans	47
	SECTION 2.5	Permanent Reduction of the Revolving Credit Commitment	48
	SECTION 2.6	Termination of Revolving Credit Facility	49
	SECTION 2.7	Extension of Revolving Credit Maturity Date	49
	SECTION 2.8	Designated Borrowers	50
	ARTICLE III LETTER OF CREDIT FACILITY	51
	SECTION 3.1	L/C Facility	51
	SECTION 3.2	Procedure for Issuance of Letters of Credit	52
	SECTION 3.3	Commissions and Other Charges	52
	SECTION 3.4	L/C Participations	53
	SECTION 3.5	Reimbursement Obligation of the Borrower	54
	SECTION 3.6	Obligations Absolute	55
	SECTION 3.7	Effect of Letter of Credit Application	55

 

     

     

    

 

Table
of Contents

 

Page

 

	SECTION 3.8	Removal and Resignation of Issuing Lenders	55
	SECTION 3.9	Reporting of Letter of Credit Information	56
	SECTION 3.10	Letters of Credit Issued for Subsidiaries	56
	SECTION 3.11	Cash Collateral for Extended Letters of Credit	56
	ARTICLE IV GENERAL LOAN PROVISIONS	58
	SECTION 4.1	Interest	58
	SECTION 4.2	Notice and Manner of Conversion or Continuation of Loans	60
	SECTION 4.3	Fees	60
	SECTION 4.4	Manner of Payment	61
	SECTION 4.5	Evidence of Indebtedness	61
	SECTION 4.6	Sharing of Payments by Lenders	62
	SECTION 4.7	Administrative Agent’s Clawback	63
	SECTION 4.8	Changed Circumstances	64
	SECTION 4.9	Indemnity	69
	SECTION 4.10	Increased Costs	70
	SECTION 4.11	Taxes	71
	SECTION 4.12	Mitigation Obligations; Replacement of Lenders	74
	SECTION 4.13	Incremental Loans	75
	SECTION 4.14	Cash Collateral	77
	SECTION 4.15	Defaulting Lenders	78
	ARTICLE V CONDITIONS OF CLOSING AND BORROWING	80
	SECTION 5.1	Conditions to Closing and Initial Extensions of Credit on the Restatement Date	80
	SECTION 5.2	Conditions to All Extensions of Credit	82
	ARTICLE VI REPRESENTATIONS AND WARRANTIES	83
	SECTION 6.1	Organization, Powers, Qualification, Good Standing, Business and Subsidiaries	83
	SECTION 6.2	Authorization of Borrowing, etc.	84
	SECTION 6.3	Financial Condition	84
	SECTION 6.4	No Material Adverse Change	84
	SECTION 6.5	Title to Properties; Liens	85
	SECTION 6.6	Litigation; Adverse Facts	85
	SECTION 6.7	Payment of Taxes	85
	SECTION 6.8	Governmental Regulation	85

 

    	 	 ii	 

     

    

 

Table
of Contents

 

Page

 

	SECTION 6.9	Securities Activities	85
	SECTION 6.10	Employee Benefit Plans	86
	SECTION 6.11	Environmental Protection	86
	SECTION 6.12	Solvency	86
	SECTION 6.13	Disclosure	86
	SECTION 6.14	Anti-Corruption Laws; Anti-Money Laundering Laws and Sanctions	87
	ARTICLE VII AFFIRMATIVE COVENANTS	87
	SECTION 7.1	Financial Statements and Other Reports	87
	SECTION 7.2	Existence, etc.	90
	SECTION 7.3	Payment of Taxes and Claims	90
	SECTION 7.4	Maintenance of Properties; Insurance	90
	SECTION 7.5	Inspection Rights	90
	SECTION 7.6	Compliance with Laws, etc.	90
	SECTION 7.7	Use of Proceeds	91
	SECTION 7.8	Compliance with Anti-Corruption Laws; Beneficial Ownership Regulation, Anti-Money Laundering Laws and Sanctions	91
	ARTICLE VIII NEGATIVE COVENANTS	91
	SECTION 8.1	Liens and Related Matters	91
	SECTION 8.2	Acquisitions	93
	SECTION 8.3	Restricted Junior Payments	93
	SECTION 8.4	Financial Covenants	93
	SECTION 8.5	Restriction on Fundamental Changes; Asset Sales	94
	SECTION 8.6	Transactions with Affiliates	94
	SECTION 8.7	Conduct of Business	94
	SECTION 8.8	Indebtedness	95
	ARTICLE IX DEFAULT AND REMEDIES	95
	SECTION 9.1	Events of Default	95
	SECTION 9.2	Remedies	98
	SECTION 9.3	Rights and Remedies Cumulative; Non-Waiver; etc.	98
	SECTION 9.4	Crediting of Payments and Proceeds	99
	SECTION 9.5	Administrative Agent May File Proofs of Claim	100
	ARTICLE X THE ADMINISTRATIVE AGENT	100
	SECTION 10.1	Appointment and Authority	100

 

    	 	 iii	 

     

    

 

Table
of Contents

 

Page

 

	SECTION 10.2	Rights as a Lender	100
	SECTION 10.3	Exculpatory Provisions	101
	SECTION 10.4	Reliance by the Administrative Agent	101
	SECTION 10.5	Delegation of Duties	102
	SECTION 10.6	Resignation of Administrative Agent	102
	SECTION 10.7	Non-Reliance on Administrative Agent and Other Lenders	103
	SECTION 10.8	No Other Duties, Etc.	103
	SECTION 10.9	Cash Collateral	103
	SECTION 10.10	Certain ERISA Matters	104
	SECTION 10.11	Erroneous Payments	105
	ARTICLE XI MISCELLANEOUS	107
	SECTION 11.1	Notices	107
	SECTION 11.2	Amendments, Waivers and Consents	109
	SECTION 11.3	Expenses; Indemnity	110
	SECTION 11.4	Right of Setoff	112
	SECTION 11.5	Governing Law; Jurisdiction, Etc.	113
	SECTION 11.6	Waiver of Jury Trial	113
	SECTION 11.7	Reversal of Payments	114
	SECTION 11.8	Injunctive Relief	114
	SECTION 11.9	Successors and Assigns; Participations	114
	SECTION 11.10	Treatment of Certain Information; Confidentiality	118
	SECTION 11.11	Performance of Duties	119
	SECTION 11.12	All Powers Coupled with Interest	119
	SECTION 11.13	Survival	119
	SECTION 11.14	Titles and Captions	120
	SECTION 11.15	Severability of Provisions	120
	SECTION 11.16	Counterparts; Integration; Effectiveness; Electronic Execution	120
	SECTION 11.17	Term of Agreement	121
	SECTION 11.18	USA PATRIOT Act; Anti-Money Laundering Laws	121
	SECTION 11.19	Independent Effect of Covenants	121
	SECTION 11.20	No Advisory or Fiduciary Responsibility	121
	SECTION 11.21	Amendment and Restatement; No Novation	122
	SECTION 11.22	Inconsistencies with Other Documents	123

 

    	 	 iv	 

     

    

 

Table
of Contents

 

Page

 

	SECTION 11.23	Acknowledgement and Consent to Bail-In of Affected Financial Institutions	123
	SECTION 11.24	Acknowledgement Regarding Any Supported QFCs	124
	SECTION 11.25	Judgment Currency	124
	ARTICLE XII CONTINUING GUARANTY	125
	SECTION 12.1	Guaranty	125
	SECTION 12.2	Rights of Lenders	125
	SECTION 12.3	Certain Waivers	126
	SECTION 12.4	Subrogation	126
	SECTION 12.5	Termination; Reinstatement	126
	SECTION 12.6	Stay of Acceleration	126
	SECTION 12.7	Condition of Designated Borrowers	127

 

    	 	 v	 

     

    

 

	EXHIBITS	 	 
	Exhibit A-1	-	Form of Revolving Credit Note
	Exhibit A-2	-	Form of Swingline Note
	Exhibit B	-	Form of Notice of Borrowing
	Exhibit C	-	Form of Notice of Prepayment
	Exhibit D	-	Form of Notice of Conversion/Continuation
	Exhibit E	-	Form of Officer’s Compliance Certificate
	Exhibit F	-	Form of Assignment and Assumption
	Exhibit G-1	-	Form of U.S. Tax Compliance Certificate (Non-Partnership Foreign Lenders)
	Exhibit G-2	-	Form of U.S. Tax Compliance Certificate (Non-Partnership Foreign Participants)
	Exhibit G-3	-	Form of U.S. Tax Compliance Certificate (Foreign Participant Partnerships)
	Exhibit G-4	-	Form of U.S. Tax Compliance Certificate (Foreign Lender Partnerships)
	Exhibit H	-	Form of Designated Borrower Request and Assumption Agreement
	Exhibit I	-	Form of Designated Borrower Notice
	 
	SCHEDULES
	Schedule 1.1(a)	-	Existing Letters of Credit
	Schedule 1.1(b)	-	Lenders and Revolving Credit Commitments
	Schedule 1.1(c)	-	Significant Subsidiaries
	Schedule 6.6	-	Litigation
	Schedule 8.1	-	Certain Existing Liens

 

    	 	 vi	 

     

    

 

This FOURTH AMENDED AND RESTATED
CREDIT AGREEMENT, dated as of June 11, 2021, by and among AMERIPRISE FINANCIAL, INC., a Delaware corporation the “Company”),
certain Subsidiaries of the Company party hereto pursuant to Section 2.8 (each, a “Designated Borrower”
and, together with the Company, the “Borrowers” and each a “Borrower”), the lenders who are party
to this Agreement and the lenders who may become a party to this Agreement pursuant to the terms hereof (the “Lenders”),
and WELLS FARGO BANK, NATIONAL ASSOCIATION, a national banking association, as Administrative Agent for the Lenders, Swingline Lender
and Issuing Lender.

 

STATEMENT OF PURPOSE

 

WHEREAS, the Company, certain
financial institutions (the “Existing Lenders”), and Administrative Agent, are party to that certain Third Amended
and Restated Credit Agreement dated as of October 12, 2017 (as amended, supplemented or otherwise modified prior to the date hereof,
the “Existing Credit Agreement”), pursuant to which the Existing Lenders made available to the Company certain revolving
loans (the “Existing Revolving Loans”);

 

WHEREAS, the Company, Lenders
and Administrative Agent wish to amend and restate the Existing Credit Agreement, subject to the terms and conditions set forth herein,
to, among other things, (i) continue outstanding the loans provided for under the Existing Credit Agreement and advance certain new
loans and (ii) provide working capital for Company and its Subsidiaries and funds for other general corporate purposes of Company
and its Subsidiaries; and

 

WHEREAS, the Company, Lenders
and Administrative Agent intend that (i) the Obligations under and as defined in the Existing Credit Agreement shall continue to
exist under, and to be evidenced by, this Agreement and (ii) the Existing Revolving Loans shall be Loans under and as defined in
this Agreement.

 

NOW, THEREFORE, for good and
valuable consideration, the receipt and sufficiency of which are hereby acknowledged by the parties hereto, such parties hereby agree
as follows:

 

ARTICLE I

 

DEFINITIONS

 

SECTION 1.1     Definitions.
The following terms when used in this Agreement shall have the meanings assigned to them below:

 

“Acquired EBITDA”
means, with respect to any Person or business acquired pursuant to an Acquisition for any period, the amount for such period of Consolidated
EBITDA of any such Person or business so acquired (determined using such definitions as if references to Company and its Subsidiaries
therein were to such Person or business), as calculated by the Company in good faith and which shall be factually supported by historical
financial statements, including adjustments reflecting any non-recurring costs and expenses incurred during such period calculated on
a basis consistent with GAAP and Regulation S-X under the Securities Act or as approved by the Administrative Agent; provided,
that, notwithstanding the foregoing to the contrary, in determining Acquired EBITDA for any Person or business that does not have historical
financial accounting periods which coincide with that of the financial accounting periods of Company and its Subsidiaries (a) references
to Reference Period in any applicable definitions shall be deemed to mean the same relevant period as the applicable period of determination
for Company and its Subsidiaries and (b) to the extent the commencement of any such Reference Period shall occur during a fiscal
quarter of such acquired Person or business (such that only a portion of such fiscal quarter shall be included in such Reference Period),
Acquired EBITDA for the portion of such fiscal quarter so included in such Reference Period shall be deemed to be an amount equal to (x) Acquired
EBITDA otherwise attributable to the entire fiscal quarter (determined in a manner consistent with the terms set forth above) multiplied
by (y) a fraction, the numerator of which shall be the number of months of such fiscal quarter included in the relevant Reference
Period and the denominator of which shall be actual months in such fiscal quarter.

 

    1

     

    

 

“Acquisition”
means any acquisition, or any series of related acquisitions, consummated on or after the date of this Agreement, by which Company or
any of its Subsidiaries (a) acquires any business or all or substantially all of the assets of any Person, or business unit, line
of business or division thereof, whether through purchase of assets, exchange, issuance of stock or other equity or debt securities, merger,
reorganization, amalgamation, division or otherwise or (b) directly or indirectly acquires (in one transaction or as the most recent
transaction in a series of transactions) at least a majority (in number of votes) of the securities of a corporation which have ordinary
voting power for the election of members of the board of directors or the equivalent governing body (other than securities having such
power only by reason of the happening of a contingency) or a majority (by percentage or voting power) of the outstanding ownership interests
of a partnership or limited liability company.

 

“Acquisition Holiday”
shall mean four (4) consecutive Fiscal Quarters commencing with the Fiscal Quarter in which an Acquisition occurs; provided that:
(i) the total consideration for such Acquisition (including, without limitation, all cash payments, assumed Indebtedness, issued
Equity Interests and earn-outs in connection with such Acquisition) is greater than $500,000,000, (ii) the Company notifies the Administrative
Agent in writing that it wishes to increase the maximum Consolidated Leverage Ratio permitted under Section 8.4(b) from
3.25 to 1.00 to (A) 3.75 to 1.00, for the Fiscal Quarter in which such Acquisition occurs and the following two (2) Fiscal Quarters,
(B) 3.50 to 1.00, for the Fiscal Quarters which are the third and fourth Fiscal Quarters following the Fiscal Quarter in which such
Acquisition occurs, and (C) 3.25 to 1.00 thereafter, with such notice to be delivered on or before the date on which the Compliance
Certificate with respect to the Fiscal Quarter in which such Acquisition occurs is due to be delivered to the Administrative Agent, (iii) no
more than one (1) Acquisition Holiday shall occur during the term of this Agreement, and (iv) no Default or Event of Default
shall exist and be continuing or result from (after giving pro forma effect to) the applicable Acquisition and the related increase to
the maximum Consolidated Leverage Ratio permitted under Section 8.4(a) (with the understanding that the Company, upon
the Administrative Agent’s reasonable request, shall deliver written calculations and certifications to evidence compliance with
the foregoing).

 

“Adjusted Eurocurrency
Rate” means, as to any Loan denominated in any applicable Currency not bearing interest based on an RFR (which, as of the date
hereof, shall mean Dollars and each of the Currencies identified in clause (a) of the definition of “Alternative Currency”,
other than Sterling and Swiss Francs) for any Interest Period, a rate per annum (rounded upwards, if necessary, to the next 1/16 of 1%)
determined by the Administrative Agent pursuant to the following formula:

 

	Adjusted Eurocurrency Rate =	Eurocurrency Rate for such Currency for such Interest Period
	 	1.00-Eurocurrency Reserve Percentage

 

“Administrative Agent”
means Wells Fargo (or any of its designated branch offices or affiliates), in its capacity as Administrative Agent hereunder, and any
successor thereto appointed pursuant to Section 10.6.

 

“Administrative Agent’s
Office” means, with respect to any Currency, the office of the Administrative Agent specified in or determined in accordance
with the provisions of Section 11.1(c) with respect to such Currency.

 

    	 	2	 

     

    

 

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

 

“AEIS”
means American Enterprise Investment Services, Inc., a Minnesota corporation.

 

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

 

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

 

“Agent Parties”
has the meaning assigned thereto in Section 11.1(e).

 

“Agreement”
means this Fourth Amended and Restated Credit Agreement.

 

“Agreement Currency”
has the meaning assigned thereto in Section 11.25.

 

“Alternative Currency”
means each of (a) Euros, Sterling, Swiss Francs and Yen and (b) each other currency (other than Dollars) that is approved in
accordance with Section 1.15, in each case to the extent such currencies are (i) readily available and free and transferable
and convertible into Dollars and (ii) for which no central bank or other governmental authorization in the country of issue of such
currency is required to give authorization for the use of such currency by any Lender for making Loans unless such authorization has been
obtained and remains in full force and effect.

 

“Alternative Currency
Equivalent” means, at any time, with respect to any amount denominated in Dollars, the equivalent amount thereof in the applicable
Alternative Currency as determined by the Administrative Agent, as the case may be, in its sole discretion by reference to the most recent
Spot Rate (as determined in respect of the most recent Revaluation Date) for the purchase of such Alternative Currency with Dollars.

 

“Announcements”
has the meaning assigned thereto in Section 1.9.

 

“Annual Statement”
means the annual statutory financial statement of any Insurance Subsidiary required to be filed with the insurance commissioner (or similar
authority) of its jurisdiction of incorporation, which statement shall be in the form required by such Insurance Subsidiary’s jurisdiction
of incorporation or, if no specific form is so required, in the form of financial statements permitted by such insurance commissioner
(or such similar authority) to be used for filing annual statutory financial statements and shall contain the type of information permitted
by such insurance commissioner (or such similar authority) to be disclosed therein, together with all exhibits or schedules filed therewith.

 

“Anti-Corruption
Laws” means all laws, rules, and regulations of any jurisdiction applicable to the Company or its Subsidiaries from time to
time concerning or relating to bribery or corruption, including, without limitation, the United States Foreign Corrupt Practices
Act of 1977 and the rules and regulations thereunder and the U.K. Bribery Act 2010 and the rules and regulations thereunder.

 

“Anti-Money Laundering
Laws” means any and all laws, statutes, regulations or obligatory government orders, decrees, ordinances or rules applicable
to the Company, its Subsidiaries or Affiliates related to terrorism financing or money laundering, including any applicable provision
of the Patriot Act and The Currency and Foreign Transactions Reporting Act (also known as the “Bank Secrecy Act,” 31 U.S.C.
 §§ 5311-5330 and 12 U.S.C. §§ 1818(s), 1820(b) and 1951-1959).

 

    	 	3	 

     

    

 

“Applicable Law”
means all applicable provisions of constitutions, laws, statutes, ordinances, rules, treaties, regulations, permits, licenses, approvals,
interpretations and orders of Governmental Authorities and all orders and decrees of all courts and arbitrators.

 

“Applicable Margin”
means, from time to time, the following rate per annum based upon the Debt Rating as set forth below:

 

	Pricing
Level	 	Debt Rating
 S&P/Moody’s	 	Eurocurrency
 Rate Loans 
 and 
 Transitioned 
 RFR Loans	 	 	Initial RFR
 Loans in
 Sterling	 	 	Initial RFR
 Loans in 
 Swiss 
 Francs	 	 	Base Rate
 Loans
 (including
 Swingline
 Loans)	 	 	Facility
Fee	 	 	Letter of 
 Credit
 Commission	 
	I	 	> A+ / A1	 	 	0.68	%	 	 	0.7126	%	 	 	0.6229	%	 	 	0	%	 	 	0.07	%	 	 	0.67	%
	II	 	A / A2	 	 	0.795	%	 	 	0.8276	%	 	 	0.7379	%	 	 	0	%	 	 	0.08	%	 	 	0.775	%
	III	 	A- / A3	 	 	0.90	%	 	 	0.9326	%	 	 	0.8429	%	 	 	0	%	 	 	0.10	%	 	 	0.875	%
	IV	 	BBB+/ Baa1	 	 	1.10	%	 	 	1.1326	%	 	 	1.0429	%	 	 	0.10	%	 	 	0.15	%	 	 	0.975	%
	V	 	< BBB+ / Baa1	 	 	1.30	%	 	 	1.3326	%	 	 	1.2429	%	 	 	0.30	%	 	 	0.20	%	 	 	1.175	%

 

Initially, the Applicable Margin shall be Pricing Level III. Thereafter, each change in the Applicable Margin resulting from a publicly
announced change in the Debt Rating shall be effective, in the case of an upgrade, during the period commencing on the date of the public
announcement thereof and ending on the date immediately preceding the effective date of the next such change and, in the case of a downgrade,
during the period commencing on the date of the public announcement thereof and ending on the date immediately preceding the effective
date of the next such change. If, at any time, the Company has no Debt Rating from S&P or Moody’s, the Applicable Margin shall
be Pricing Level V.

 

“Applicable Time”
means, with respect to any Loans and Letters of Credit and payments in any Alternative Currency, the local time in the place of settlement
for such Alternative Currency as may be determined by the Administrative Agent or the applicable Issuing Lender (with notice to the Administrative
Agent), as the case may be, to be necessary for timely settlement on the relevant date in accordance with normal banking procedures in
the place of payment.

 

“Applicant Borrower”
has the meaning specified in Section 2.8(a).

 

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

 

“Arrangers”
means Wells Fargo Securities, LLC, BofA Securities, Inc. (or any other registered broker-dealer wholly-owned by Bank of America Corporation
to which all or substantially all of Bank of America Corporation’s or any of its Subsidiaries’ investment banking, commercial
lending services or related businesses may be transferred following the date of this Agreement), and Citibank, N.A., in their capacities
as joint lead arrangers and joint bookrunners.

 

    	 	4	 

     

    

 

“Assignment and Assumption”
means an assignment and assumption entered into by a Lender and an Eligible Assignee (with the consent of any party whose consent is required
by Section 11.9), and accepted by the Administrative Agent, in substantially the form attached as Exhibit F
or any other form approved by the Administrative Agent and the Company.

 

“Available Tenor”
means, as of any date of determination and with respect to any then-current Benchmark for any Currency, as applicable, (a) if such
Benchmark is a term rate, any tenor for such Benchmark (or component thereof) that is or may be used for determining the length of an
Interest Period pursuant to this Agreement or (b) otherwise, any payment period for interest calculated with reference to such Benchmark
(or component thereof) that is or may be used for determining any frequency of making payments of interest calculated with reference to
such Benchmark, in each case, as of such date and not including, for the avoidance of doubt, any tenor for such Benchmark that is then-removed
from the definition of “Interest Period” pursuant to Section 4.8(c)(iv).

 

“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, regulation, rule 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).

 

“Bankruptcy Code”
means 11 U.S.C. §§ 101 et seq.

 

“Base
Rate” means, at any time, the highest of (a) the Prime Rate, (b) the Federal Funds Rate plus 0.50% and (c)(i) prior
to the USD LIBOR Transition Date, the Adjusted Eurocurrency Rate for Dollars for a one-month term in effect on such day plus 1.00%
and (ii) on and after the USD LIBOR Transition Date, Daily Simple RFR for Dollars in effect on such day plus 1.00%; each
change in the Base Rate shall take effect simultaneously with the corresponding change or changes in the Prime Rate, Federal Funds Rate,
Adjusted Eurocurrency Rate for Dollars or Daily Simple RFR for Dollars, as the case may be (provided that clause (c) shall
not be applicable during any period in which the Adjusted Eurocurrency Rate or Daily Simple RFR, as applicable, is unavailable or unascertainable).

 

“Base Rate Loan”
means any Loan bearing interest at a rate based upon the Base Rate as provided in Section 4.1(a). All Base Rate Loans shall
be denominated in Dollars.

 

“Benchmark”
means, initially, with respect to any (a) Obligations, interest, fees, commissions or other amounts denominated in, or calculated
with respect to, Dollars, the Adjusted Eurocurrency Rate for Dollars; provided that if (i) the USD LIBOR Transition Date has
occurred or (ii) a Benchmark Transition Event or a Term RFR Transition Event or an Other Benchmark Rate Election, as applicable,
has occurred with respect to the then-current Benchmark for Dollars, then “Benchmark” means, with respect to such Obligations,
interest, fees, commissions or other amounts, the applicable Benchmark Replacement to the extent that such Benchmark Replacement has replaced
such prior benchmark rate pursuant to Section 4.8(c)(i), (b) Obligations, interest, fees, commissions or other amounts
denominated in, or calculated with respect to, Sterling or Swiss Francs, the Daily Simple RFR applicable for such Currency; provided
that if a Benchmark Transition Event or a Term RFR Transition Event, as applicable, has occurred with respect to such Daily Simple RFR
or the then-current Benchmark for such Currency, then “Benchmark” means, with respect to such Obligations, interest, fees,
commissions or other amounts, the applicable Benchmark Replacement to the extent that such Benchmark Replacement has replaced such prior
benchmark rate pursuant to Section 4.8(c)(i) and (c) Obligations, interest, fees, commissions or other amounts denominated
in, or calculated with respect to, Euros or Yen, the Adjusted Eurocurrency Rate applicable for such Currency; provided that if
a Benchmark Transition Event or a Term RFR Transition Event, as applicable, has occurred with respect to such Adjusted Eurocurrency Rate
or the then-current Benchmark for such Currency, then “Benchmark” means, with respect to such Obligations, interest, fees,
commissions or other amounts, the applicable Benchmark Replacement to the extent that such Benchmark Replacement has replaced such prior
benchmark rate pursuant to Section 4.8(c)(i).

 

    	 	5	 

     

    

 

“Benchmark Replacement”
means,

 

(a) with
respect to any Benchmark Transition Event for the then-current Benchmark, the sum of: (i) the alternate benchmark rate that
has been selected by the Administrative Agent and the Company as the replacement for such Benchmark giving due consideration to (A) any
selection or recommendation of a replacement benchmark rate or the mechanism for determining such a rate by the Relevant Governmental
Body or (B) any evolving or then-prevailing market convention for determining a benchmark rate as a replacement for such Benchmark
for syndicated credit facilities denominated in the applicable Currency at such time and (ii) the related Benchmark Replacement Adjustment;
provided that, if such Benchmark Replacement as so determined would be less than the Floor, such Benchmark Replacement will be
deemed to be the Floor for the purposes of this Agreement and the other Loan Documents;

 

(b) with
respect to the USD LIBOR Transition Date, for any Available Tenor of the Adjusted Eurocurrency Rate for Dollars, the first alternative
set forth in the order below that can be determined by the Administrative Agent for the USD LIBOR Transition Date:

 

		(1)	Term RFR for Dollars; provided, that, if the Company has provided a notification to the Administrative
Agent in writing on or prior to the USD LIBOR Transition Date that the Company has a Swap Contract in place with respect to any of the
Loans as of the date of such notice (which such notification the Administrative Agent shall be entitled to rely upon and shall have no
duty or obligation to ascertain the correctness or completeness of), then the Administrative Agent, in its sole discretion, may decide
not to determine the Benchmark Replacement pursuant to this clause (b)(1) for the USD LIBOR Transition Date;

 

		(2)	Daily Simple RFR for Dollars; or

 

		(3)	the sum of: (A) the alternate benchmark rate that has been selected by the Administrative Agent and
the Company as the replacement for the Adjusted Eurocurrency Rate for Dollars giving due consideration to (i) any selection or recommendation
of a replacement benchmark rate or the mechanism for determining such a rate by the Relevant Governmental Body or (ii) any evolving
or then-prevailing market convention for determining a benchmark rate as a replacement for the Adjusted Eurocurrency Rate for Dollars
for syndicated credit facilities denominated in Dollars at such time and (B) the related Benchmark Replacement Adjustment; provided
that, if such Benchmark Replacement as so determined would be less than the Floor, such Benchmark Replacement will be deemed to be the
Floor for the purposes of this Agreement and the other Loan Documents;

 

(c) with
respect to any Term RFR Transition Event for any Currency, the Term RFR for such Currency; or

 

(d) with
respect to any Other Benchmark Rate Election, the sum of: (A) the alternate benchmark rate that has been selected by the Administrative
Agent and the Borrower as the replacement for the Adjusted Eurocurrency Rate for Dollars giving due consideration to any evolving or then-prevailing
market convention for determining a benchmark rate as a replacement for such Benchmark for Dollar-denominated syndicated credit facilities
at such time and (B) the related Benchmark Replacement Adjustment; provided that, if such Benchmark Replacement as
so determined would be less than the Floor, such Benchmark Replacement will be deemed to be the Floor for the purposes of this Agreement
and the other Loan Documents;

 

provided
that, in the case of clause (b)(1), if the Administrative Agent decides that Term RFR for Dollars is not administratively feasible for
the Administrative Agent, then Term RFR for Dollars will be deemed unable to be determined for purposes of this definition.

 

    	 	6	 

     

    

 

 

“Benchmark Replacement
Adjustment” means, (a) for purposes of clauses (a) and (b)(3) of the definition of “Benchmark Replacement”,
with respect to any replacement of any then-current Benchmark with an Unadjusted Benchmark Replacement for any applicable Available Tenor,
the spread adjustment, or method for calculating or determining such spread adjustment, (which may be a positive or negative value or
zero) that has been selected by the Administrative Agent and the Company giving due consideration to (i) any selection or recommendation
of a spread adjustment, or method for calculating or determining such spread adjustment, for the replacement of such Benchmark with the
applicable Unadjusted Benchmark Replacement by the Relevant Governmental Body or (ii) any evolving or then-prevailing market convention
for determining a spread adjustment, or method for calculating or determining such spread adjustment, for the replacement of such Benchmark
with the applicable Unadjusted Benchmark Replacement for syndicated credit facilities denominated in the applicable Currency;

 

(b) 
for purposes of clauses (b)(1) and (b)(2) of the definition of “Benchmark Replacement,” the first alternative
set forth in the order below that can be determined by the Administrative Agent:

 

(i)  the spread
adjustment, or method for calculating or determining such spread adjustment, (which may be a positive or negative value or zero) as of
the Reference Time such Benchmark Replacement is first set for such Interest Period that has been selected or recommended by the Relevant
Governmental Body for the replacement of such Available Tenor of such Benchmark with the applicable Unadjusted Benchmark Replacement;
and

 

(ii)  the spread
adjustment (which may be a positive or negative value or zero) as of the Reference Time such Benchmark Replacement is first set for such
Interest Period that would apply to the fallback rate for a derivative transaction referencing the ISDA Definitions to be effective upon
an index cessation event with respect to such Available Tenor of such Benchmark;

 

(c) 
for purposes of clause (c) of the definition of “Benchmark Replacement,” with respect to any replacement of the
Adjusted Eurocurrency Rate for Dollars, the spread adjustment, or method for calculating or determining such spread adjustment (which
may be a positive or negative value or zero) as of the Reference Time such Benchmark Replacement is first set for such Interest Period
that has been selected or recommended by the Relevant Governmental Body for the replacement of such Available Tenor of USD LIBOR with
a SOFR-based rate; and

 

(d) 
for purposes of clause (d) of the definition of “Benchmark Replacement”, with respect to any replacement of the
Adjusted Eurocurrency Rate for Dollars with an Unadjusted Benchmark Replacement for any applicable Available Tenor, the spread adjustment,
or method for calculating or determining such spread adjustment, (which may be a positive or negative value or zero) that has been selected
by the Administrative Agent and the Company giving due consideration to any evolving or then-prevailing market convention for determining
a spread adjustment, or method for calculating or determining such spread adjustment, for the replacement of the Adjusted Eurocurrency
Rate for Dollars with the applicable Unadjusted Benchmark Replacement for Dollar-denominated syndicated credit facilities;

 

provided
that, (x) in the case of clause (b) above, such adjustment is displayed on a screen or other information service that publishes
such Benchmark Replacement Adjustment from time to time as selected by the Administrative Agent in its reasonable discretion and (y) if
the then-current Benchmark is a term rate, more than one tenor of such Benchmark is available as of the applicable Benchmark Replacement
Date and the applicable Unadjusted Benchmark Replacement that will replace such Benchmark in accordance with Section 4.8(c)(i) will
not be a term rate, the Available Tenor of such Benchmark for purposes of this definition of “Benchmark Replacement Adjustment”
shall be deemed to be, with respect to each Unadjusted Benchmark Replacement having a payment period for interest calculated with reference
thereto, the Available Tenor that has approximately the same length (disregarding business day adjustments) as such payment period.

 

    	 	7	 

     

    

 

“Benchmark
Replacement Conforming Changes” means, with respect to any Benchmark Replacement, any technical, administrative or operational
changes (including changes to the definition of “Base Rate” (if applicable), the definition of “Business Day,”
the definition of “Interest Period” or any similar or analogous definition (or the addition of a concept of “interest
period”), the definition of “Eurocurrency Banking Day”, the definition of “RFR Business Day”, timing and
frequency of determining rates and making payments of interest, timing of borrowing requests or prepayment, conversion or continuation
notices, length of lookback periods, the applicability of Section 4.9, and other technical, administrative or operational
matters) that the Administrative Agent decides may be appropriate to reflect the adoption and implementation of such Benchmark Replacement
and to permit the administration thereof by the Administrative Agent in a manner substantially consistent with market practice (or, if
the Administrative Agent decides that adoption of any portion of such market practice is not administratively feasible or if the Administrative
Agent determines that no market practice for the administration of such Benchmark Replacement exists, in such other manner of administration
as the Administrative Agent decides is reasonably necessary in connection with the administration of this Agreement and the other Loan
Documents).

 

“Benchmark Replacement
Date” means the earliest to occur of the following events with respect to the then-current Benchmark for any Currency:

 

(a)          in
the case of clause (a) or (b) of the definition of “Benchmark Transition Event”, the later of (i) the date
of the public statement or publication of information referenced therein and (ii) the date on which the administrator of such Benchmark
(or the published component used in the calculation thereof) permanently or indefinitely ceases to provide all Available Tenors of such
Benchmark (or such component thereof);

 

(b)          in
the case of clause (c) of the definition of “Benchmark Transition Event”, the first date on which such Benchmark (or
the published component used in the calculation thereof) has been determined and announced by the regulatory supervisor for the administrator
of such Benchmark (or such component thereof) to be no longer representative; provided, that such non-representativeness will be
determined by reference to the most recent statement or publication referenced in such clause (c) and even if any Available Tenor
of such Benchmark (or such component thereof) continues to be provided on such date;

 

(c)          in
the case of a Term RFR Transition Event for such Currency, the Term RFR Transition Date applicable thereto; or

 

(d)          in
the case of an Other Benchmark Rate Election, the sixth (6th) Business Day after the date notice of such Other Benchmark Rate
Election is provided to the Lenders, so long as the Administrative Agent has not received, by 5:00 p.m. (New York City time) on the
fifth (5th) Business Day after the date notice of such Other Benchmark Rate Election is provided to the Lenders, written notice
of objection to such Other Benchmark Rate Election from Lenders comprising the Required Lenders.

 

    	 	8	 

     

    

 

For the avoidance of doubt, (A) if the Reference
Time for the applicable Benchmark refers to a specific time of day and the event giving rise to the Benchmark Replacement Date for any
Benchmark occurs on the same day as, but earlier than, the Reference Time in respect of any determination, the Benchmark Replacement Date
will be deemed to have occurred prior to the Reference Time for such Benchmark and for such determination and (B) the “Benchmark
Replacement Date” will be deemed to have occurred in the case of clause (a) or (b) with respect to any Benchmark upon
the occurrence of the applicable event or events set forth therein with respect to all then-current Available Tenors of such Benchmark
(or the published component used in the calculation thereof).

 

“Benchmark
Transition Event” means, with respect to the then-current Benchmark for any Currency (other than Adjusted Eurocurrency
Rate for Dollars), the occurrence of one or more of the following events with respect to such Benchmark:

 

(a)          a
public statement or publication of information by or on behalf of the administrator of such Benchmark (or the published component
used in the calculation thereof) announcing that such administrator has ceased or will cease to provide all Available Tenors of such Benchmark
(or such component thereof), permanently or indefinitely, provided that, at the time of such statement or publication, there is
no successor administrator that will continue to provide any Available Tenor of such Benchmark (or such component thereof);

 

(b)          a
public statement or publication of information by the regulatory supervisor for the administrator of such Benchmark (or the published
component used in the calculation thereof), the FRB, the Federal Reserve Bank of New York, the central bank for the Currency applicable
to such Benchmark, an insolvency official with jurisdiction over the administrator for such Benchmark (or such component), a resolution
authority with jurisdiction over the administrator for such Benchmark (or such component) or a court or an entity with similar insolvency
or resolution authority over the administrator for such Benchmark (or such component), which states that the administrator of such Benchmark
(or such component) has ceased or will cease to provide all Available Tenors of such Benchmark (or such component thereof) permanently
or indefinitely, provided that, at the time of such statement or publication, there is no successor administrator that will continue
to provide any Available Tenor of such Benchmark (or such component thereof); or

 

(c)          a
public statement or publication of information by the regulatory supervisor for the administrator of such Benchmark (or the published
component used in the calculation thereof) announcing that all Available Tenors of such Benchmark (or such component thereof) are no longer,
or as of a specified future date will no longer be, representative.

 

For the avoidance of doubt, a “Benchmark
Transition Event” will be deemed to have occurred with respect to any Benchmark if a public statement or publication of information
set forth above has occurred with respect to each then-current Available Tenor of such Benchmark (or the published component used in the
calculation thereof).

 

“Benchmark
Transition Start Date” means, with respect to any Benchmark, (a) in the case of a Benchmark Transition Event, the earlier
of (i) the applicable Benchmark Replacement Date and (ii) if such Benchmark Transition Event is a public statement or publication
of information of a prospective event, the 90th day prior to the expected date of such event as of such public statement or
publication of information (or if the expected date of such prospective event is fewer than 90 days after such statement or publication,
the date of such statement or publication), or (b) in the case of an Other Benchmark Rate Election, the applicable Benchmark Replacement
Date.

 

    	 	9	 

     

    

 

“Benchmark
Unavailability Period” means, with respect to (a) the Adjusted Eurocurrency Rate for Dollars, the period (if any) (i) beginning
at the time that the USD LIBOR Transition Date has occurred pursuant to clause (a) of that definition if, at such time, no
Benchmark Replacement has replaced the Adjusted Eurocurrency Rate for Dollars for all purposes hereunder and under any Loan Document in
accordance with 4.8(c)(i) and (ii) ending at the time that a Benchmark Replacement has replaced the Adjusted Eurocurrency
Rate for Dollars for all purposes hereunder and under any Loan Document in accordance with Section 4.8(c)(i) and (b) any
then-current Benchmark for any Currency other than the Adjusted Eurocurrency Rate for Dollars, the period (if any) (i) beginning
at the time that a Benchmark Replacement Date with respect to such Benchmark pursuant to clauses (a) or (b) of that definition
has occurred if, at such time, no Benchmark Replacement has replaced such Benchmark for all purposes hereunder and under any Loan Document
in accordance with Section 4.8(c)(i) and (ii) ending at the time that a Benchmark Replacement has replaced such
Benchmark for all purposes hereunder and under any Loan Document in accordance with Section 4.8(c)(i).

 

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

 

“Beneficial Ownership
Regulation” means 31 CFR § 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”
and “Borrowers” each has the meaning assigned thereto in the Preamble to this Agreement; provided, that with respect
to any Swingline Loan all references to the “Borrower” shall be deemed to be a reference to the “Company”.

 

“Business Day”
means any day that is not a Saturday, Sunday, or other day on which the Federal Reserve Bank of New York is closed.

 

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

 

“Cash Collateralize”
means, to pledge and deposit with, or deliver to the Administrative Agent, or directly to the applicable Issuing Lender or the Swingline
Lender (with notice thereof to the Administrative Agent), for the benefit of one or more of the Issuing Lenders, the Swingline Lender
or the Lenders, as applicable, as collateral for L/C Obligations or obligations of the Lenders to fund participations in respect of L/C
Obligations or Swingline Loans, cash or deposit account balances or, if the Administrative Agent and the applicable Issuing Lender or
the Swingline Lender, as applicable, shall agree, in their sole discretion, other credit support, in each case pursuant to documentation
in form and substance reasonably satisfactory to the Administrative Agent and such Issuing Lender or the Swingline Lender, as applicable.
 “Cash Collateral” shall have a meaning correlative to the foregoing and shall include the proceeds of such cash collateral
and other credit support.

 

“Cash Collateralized
Letter of Credit” has the meaning assigned thereto in Section 3.11(d).

 

    	 	10	 

     

    

 

“Change in Control”
means any of the following:

 

(a)          the
acquisition by any Person, or two or more Persons acting in concert, of beneficial ownership (within the meaning of Rule 13d-3 of
the SEC under the Securities Exchange Act of 1934), but excluding any employee benefit plan of such Person or its Subsidiaries, of 30%
or more of the outstanding shares of voting stock of the Company; or

 

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

 

(c)          any
Person or two or more Persons acting in concert will have acquired by contract or otherwise, or will have entered into a contract or arrangement
that, upon consummation thereof, will result in its or their acquisition of the power to exercise, directly or indirectly, a controlling
influence over the management or policies of the Company, or control over the Equity Interests of the Company entitled to vote for members
of the Governing Body of the Company on a fully-diluted basis (and taking into account all such Equity Interests that such Person or group
has the right to acquire pursuant to any option right) representing 30% or more of the combined voting power of such Equity Interests;
provided, however, that the entering into of a contract or arrangement for the purchase of all or substantially all of the
Equity Interests of the Company shall not constitute a “Change in Control” prior to the consummation thereof.

 

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

 

“Code”
means the Internal Revenue Code of 1986, as amended from time to time, and any successor statute and the rules and regulations promulgated
thereunder.

 

“Company”
has the meaning assigned thereto in the Preamble to this Agreement.

 

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

 

“Consolidated”
means, when used with reference to financial statements or financial statement items of any Person, such statements or items on a consolidated
basis in accordance with applicable principles of consolidation under GAAP.

 

    	 	11	 

     

    

 

“Consolidated EBITDA”
means, for any period, the sum of the following determined on a Consolidated basis, without duplication, for the Company and its Subsidiaries
in accordance with GAAP: (a) Consolidated Net Income for such period, plus (b) the sum of the following, without duplication,
to the extent deducted in determining Consolidated Net Income for such period:

 

(i) income and franchise
taxes;

 

(ii) Consolidated Interest
Expense;

 

(iii) depreciation and
amortization expense;

 

(iv) (A) amortization
of deferred acquisition costs, less (B) capitalization of deferred acquisition costs;

 

(v) net realized losses
and credit losses (or less net realized gains) of available for-sale securities;

 

(vi) the non-cash market
positive impact (or less the non-cash market negative impact) on variable annuity guaranteed benefits, net of hedges;

 

(vii) the losses (or
less the gains) relating to reversion-related impacts consistent with the Reconciliation Table;

 

(viii) any integration
and restructuring charges consistent with the Reconciliation Table; and

 

(ix) the net loss (or
less the net income) attributable to consolidated investment entities consistent with the Reconciliation Table.

 

For purposes of this Agreement, Consolidated EBITDA
shall be calculated on a Pro Forma Basis; provided, that notwithstanding the foregoing, the aggregate losses added back as a result
of any non-recurring costs and expenses or losses resulting from such calculation on a Pro Forma Basis and pursuant to clause (viii) above
shall not exceed 10% of Consolidated EBITDA as of any such date of calculation.

 

“Consolidated Interest
Coverage Ratio” means, as of the last day of any Fiscal Quarter, the ratio of (a) Consolidated EBITDA for the period of
four Fiscal Quarters ended on such day to (b) Consolidated Interest Expense for the period of four Fiscal Quarters ended on such
day.

 

“Consolidated Interest
Expense” means, for any period, the interest expense attributable to Consolidated Total Debt for such period, determined on
a Consolidated basis, without duplication, in accordance with GAAP.

 

“Consolidated Leverage
Ratio” means, as of the last day of any Fiscal Quarter, the ratio of (a) Consolidated Total Debt as of such day to (b) Consolidated
EBITDA for the Reference Period ending as of such day.

 

“Consolidated Net
Income” means, for any period, the net income (or loss) of the Company and its Subsidiaries (but excluding the net income (or
loss) of any Variable Interest Entity) for such period, determined on a Consolidated basis, without duplication, in accordance with GAAP.

 

    	 	12	 

     

    

 

“Consolidated Total
Debt” means, as of any date of determination, the aggregate stated balance sheet amount of all Indebtedness of Company and its
Subsidiaries determined on a Consolidated basis in accordance with GAAP (excluding (a) debt securities which are not recourse to
Company or any of its Subsidiaries and which are issued by Variable Interest Entities, (b) repurchase agreements, (c) obligations
owing to any Federal Home Loan Bank secured by pledged assets, (d) obligations owing to any Federal Reserve Bank secured by pledges
of mortgage-backed securities, (e) derivatives transactions entered into in the ordinary course of business for the purpose of asset
and liability management, and (f) Ordinary Course Operating Debt of AEIS); provided, that Consolidated Total Debt shall not
include Indebtedness (“Designated Debt”) (limited to the portion thereof which would otherwise be included within Consolidated
Total Debt and limited to the time periods set forth below) which is incurred by Company or its Subsidiaries for the purpose (as communicated
to the Administrative Agent) of: (x) redeeming, repaying, repurchasing, retiring or otherwise refinancing other Indebtedness of Company
or its Subsidiaries which is stated to mature or become callable within six (6) months after the incurrence of such Designated Debt
or (y) financing a portion of the purchase price for a publicly announced Acquisition for which a binding acquisition agreement has
been entered into and which is reasonably expected to occur within the next six (6) months, so long as: (A) in each case, (1) the
proceeds thereof are held in a separate money market or deposit account maintained with the Administrative Agent, a Lender or an affiliate
of a Lender (pursuant to arrangements approved by the Administrative Agent) and (2) such proceeds would only be released from such
account to be applied to such redemption, repayment, repurchase, retirement, refinancing, purchase, or Acquisition (or, in the event such
transaction is not consummated, to repay such Designated Debt), and (B) in the case of any such Designated Debt related to an Acquisition,
(1) such Designated Debt may be prepaid by Company or its Subsidiaries, as applicable, in the event the Acquisition is not consummated
and (2) such Designated Debt shall only be so excluded until the earliest to occur of (x) six (6) months after the incurrence
thereof, (y) the date on which such Acquisition is consummated, or (z) fifteen (15) days after it is determined that such Acquisition
shall not be consummated.

 

“Contingent Obligation”
means, as applied to any Person, any direct or indirect liability, contingent or otherwise, of that Person (i) with respect to any
Indebtedness, lease, dividend or other obligation of another if the primary purpose or intent thereof by the Person incurring the Contingent
Obligation is to provide assurance to the obligee of such obligation of another that such obligation of another will be paid or discharged,
or that any agreements relating thereto will be complied with, or that the holders of such obligation will be protected (in whole or in
part) against loss in respect thereof or (ii) with respect to any letter of credit issued for the account of that Person or as to
which that Person is otherwise liable for reimbursement of drawings. Contingent Obligations shall include (a) the direct or indirect
guaranty, endorsement (otherwise than for collection or deposit in the ordinary course of business), co-making, discounting with recourse
or sale with recourse by such Person of the obligation of another, (b) the obligation to make take-or-pay or similar payments if
required regardless of non-performance by any other party or parties to an agreement, and (c) any liability of such Person for the
obligation of another through any agreement (contingent or otherwise) (1) to purchase, repurchase or otherwise acquire such obligation
or any security therefor, or to provide funds for the payment or discharge of such obligation (whether in the form of loans, advances,
stock purchases, capital contributions or otherwise) or (2) to maintain the solvency or any balance sheet item, level of income or
financial condition of another if, in the case of any agreement described under subclauses (1) or (2) of this sentence, the
primary purpose or intent thereof is as described in the preceding sentence. The amount of any Contingent Obligation shall be equal to
the amount of the obligation so guaranteed or otherwise supported or, if less, the amount to which such Contingent Obligation is specifically
limited.

 

“Contractual Obligation”
means, as applied to any Person, any provision of any Equity Interest or debt security issued by that Person or of any material indenture,
mortgage, deed of trust, contract, undertaking, agreement or other instrument to which that Person is a party or by which it or any of
its properties is bound or to which it or any of its properties is subject.

 

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

 

“Covered Party”
has the meaning assigned thereto in Section 11.24.

 

“Credit Facility”
means, collectively, the Revolving Credit Facility, the Swingline Facility, and the L/C Facility.

 

    	 	13	 

     

    

 

“Currencies”
means Dollars and each Alternative Currency, and “Currency” means any of such Currencies.

 

“Daily
Simple RFR” means, for any day (an “RFR Rate Day”), a rate per annum equal to, for any Obligations, interest,
fees, commissions or other amounts denominated in, or calculated with respect to, (a) Dollars, on and after the USD LIBOR Transition
Date, the greater of (i) Spread Adjusted SOFR for the day (such day, an “RFR Determination Day”) that is five
(5) RFR Business Days prior to (A) if such RFR Rate Day is an RFR Business Day, such RFR Rate Day or (B) if such
RFR Rate Day is not an RFR Business Day, the RFR Business Day immediately preceding such RFR Rate Day, in each case, utilizing the SOFR
component of such Spread Adjusted SOFR that is published by the SOFR Administrator on the SOFR Administrator’s Website, and (ii) the
Floor, (b) Sterling, the greater of (i) SONIA for the day (such day, an “RFR Determination Day”) that is
five (5) RFR Business Days prior to (A) if such RFR Rate Day is an RFR Business Day, such RFR Rate Day or (B) if such RFR
Rate Day is not an RFR Business Day, the RFR Business Day immediately preceding such RFR Rate Day, in each case, as such SONIA is published
by the SONIA Administrator on the SONIA Administrator’s Website, and (ii) the Floor, and (c) Swiss Francs, the greater
of (i) SARON for the day (such day, an “RFR Determination Day”) that is five (5) RFR Business Days prior
to (A) if such RFR Rate Day is an RFR Business Day, such RFR Rate Day or (B) if such RFR Rate Day is not an RFR Business Day,
the RFR Business Day immediately preceding such RFR Rate Day, in each case, as such SARON is published by the SARON Administrator on the
SARON Administrator’s Website and (ii) the Floor. If by 5:00 pm (local time for the applicable RFR) on the second (2nd)
RFR Business Day immediately following any RFR Determination Day, the RFR in respect of such RFR Determination Day has not been published
on the applicable RFR Administrator’s Website and a Benchmark Replacement Date with respect to the applicable Daily Simple RFR has
not occurred, then the RFR for such RFR Determination Day will be the RFR as published in respect of the first preceding RFR Business
Day for which such RFR was published on the RFR Administrator’s Website; provided that any RFR determined pursuant to this
sentence shall be utilized for purposes of calculation of Daily Simple RFR for no more than three (3) consecutive RFR Rate Days.
Any change in Daily Simple RFR due to a change in the applicable RFR shall be effective from and including the effective date of such
change in the RFR without notice to the Company.

 

“Daily Simple RFR
Loan” means a Loan that bears interest at a rate based on Daily Simple RFR other than pursuant to clause (c) of the definition
of “Base Rate”.

 

“Debtor Relief Laws”
means the Bankruptcy Code of the United States of America, 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.

 

“Debt Rating”
means, as of any date of determination, the rating as determined by S&P and Moody’s (collectively, the “Debt Ratings”)
of Company’s non-credit-enhanced, senior unsecured long-term debt; provided that if a different Debt Rating is issued by
each of the foregoing rating agencies, then the higher of such Debt Ratings shall apply (with the Debt Rating for Pricing Level I being
the highest and the Debt Rating for Pricing Level V being the lowest), unless there is a split in Debt Ratings of more than one level,
in which case the Pricing Level that is one Pricing Level lower than the higher Debt Rating shall apply.

 

“Declining Lender”
has the meaning assigned thereto in Section 2.7(b).

 

“Default”
means any of the events specified in Section 9.1 which with the passage of time, the giving of notice or any other condition,
would constitute an Event of Default.

 

    	 	14	 

     

    

 

“Defaulting Lender”
means, subject to Section 4.15(b), any Lender that (a) has failed to (i) fund all or any portion of the Revolving
Credit Loans, participations in Letters of Credit or participations in Swingline Loans required to be funded by it hereunder within two
Business Days of the date such Loans or participations were required to be funded hereunder unless such Lender notifies the Administrative
Agent and the Company in writing that such failure is the result of such Lender’s determination that one or more conditions precedent
to funding (each of which conditions precedent, together with any applicable default, shall be specifically identified in such writing)
has not been satisfied, or (ii) pay to the Administrative Agent, any Issuing Lender, the Swingline Lender or any other Lender any
other amount required to be paid by it hereunder (including in respect of its participation in Letters of Credit or Swingline Loans) within
two Business Days of the date when due, (b) has notified the Company, the Administrative Agent, any Issuing Lender or the Swingline
Lender in writing that it does not intend to comply with its funding obligations hereunder, or has made a public statement to that effect
(unless such writing or public statement relates to such Lender’s obligation to fund a Loan hereunder and states that such position
is based on such Lender’s determination that a condition precedent to funding (which condition precedent, together with any applicable
default, shall be specifically identified in such writing or public statement) cannot be satisfied), (c) has failed, within three
Business Days after written request by the Administrative Agent or the Company, to confirm in writing to the Administrative Agent and
the Company that it will comply with its prospective funding obligations hereunder (provided that such Lender shall cease to be
a Defaulting Lender pursuant to this clause (c) upon receipt of such written confirmation by the Administrative Agent and the Company),
or (d) has, or has a direct or indirect parent company that has, (i) become the subject of a proceeding under any Debtor Relief
Law, (ii) had appointed for it a receiver, custodian, conservator, trustee, administrator, assignee for the benefit of creditors
or similar Person charged with reorganization or liquidation of its business or assets, including the FDIC or any other state or federal
regulatory authority acting in such a capacity or (iii) become the subject of a Bail-In Action; provided that a Lender shall
not be a Defaulting Lender solely by virtue of the ownership or acquisition of any equity interest in that Lender or any direct or indirect
parent company thereof by a Governmental Authority so long as such ownership interest does not result in or provide such Lender with immunity
from the jurisdiction of courts within the United States or from the enforcement of judgments or writs of attachment on its assets or
permit such Lender (or such Governmental Authority) to reject, repudiate, disavow or disaffirm any contracts or agreements made with such
Lender. Any determination by the Administrative Agent that a Lender is a Defaulting Lender under any one or more of clauses (a) through
(d) above shall be conclusive and binding absent manifest error, and such Lender shall be deemed to be a Defaulting Lender (subject
to Section 4.15(b)) upon delivery of written notice of such determination to the Company, each Issuing Lender, the Swingline
Lender and each Lender.

 

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

 

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

 

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

 

“Designated Debt”
has the meaning assigned thereto in the definition of Consolidated Total Debt.

 

“Dollar Equivalent”
means, for any amount, at the time of determination thereof, (a) if such amount is expressed in Dollars, such amount, (b) if
such amount is expressed in a currency other Dollars, the equivalent of such amount in Dollars determined by the Administrative Agent
at such time on the basis of the Spot Rate for such currency determined in respect of the most recent Revaluation Date for the purchase
of Dollars with such currency.

 

    	 	15	 

     

    

 

“Dollars”
or “$” means, unless otherwise qualified, dollars in lawful currency of the United States.

 

“Early Opt-in Effective
Date” means, with respect to any Early Opt-in Election, the sixth (6th) Business Day after the date notice of such
Early Opt-in Election is provided to the Lenders, so long as the Administrative Agent has not received, by 5:00 p.m. on the fifth
(5th) Business Day after the date notice of such Early Opt-in Election is provided to the Lenders, written notice of objection
to such Early Opt-in Election from Lenders comprising the Required Lenders.

 

“Early
Opt-in Election” means the occurrence of: (a) a notification by the Administrative Agent to (or the request by the Company
to the Administrative Agent to notify) each of the other parties hereto that at least five currently outstanding Dollar-denominated syndicated
credit facilities at such time contain (as a result of amendment or as originally executed) a SOFR-based rate (including SOFR, a term
SOFR or any other rate based upon SOFR) as a benchmark rate (and such syndicated credit facilities are identified in such notice and are
publicly available for review), and (b) the joint election by the Administrative Agent and the Company to trigger a fallback from
the Adjusted Eurocurrency Rate for Dollars and the provision by the Administrative Agent of written notice of such election to
the Lenders.

 

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

 

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

 

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

 

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

 

“Electronic Record”
has the meaning assigned to that term in, and shall be interpreted in accordance with, 15 U.S.C. 7006.

 

“Electronic Signature”
has the meaning assigned to that term in, and shall be interpreted in accordance with, 15 U.S.C. 7006.

 

“Eligible Assignee”
means any Person that meets the requirements to be an assignee under Section 11.9(b)(iii), (v) and (vi) (subject
to such consents, if any, as may be required under Section 11.9(b)(iii)).

 

“Employee Benefit
Plan” means (a) any “employee benefit plan” within the meaning of Section 3(3) of ERISA that is contributed
to or maintained for employees of the Company or any ERISA Affiliate or (b) any Pension Plan or Multiemployer Plan that has at any
time within the preceding seven (7) years been maintained, contributed to, or administered for the employees of the Company or any
current or former ERISA Affiliate.

 

“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.

 

    	 	16	 

     

    

 

“Environmental Claim”
means any investigation, notice, notice of violation, claim, action, suit, proceeding, demand, abatement order or other order or directive
(conditional or otherwise), by any Governmental Authority or any other Person, arising (i) pursuant to or in connection with any
actual or alleged violation of any Environmental Law, (ii) in connection with any Hazardous Materials or any actual or alleged Hazardous
Materials Activity, or (iii) in connection with any actual or alleged damage, injury, threat or harm to health, safety, natural resources
or the environment.

 

“Environmental Laws”
means any and all current or future statutes, ordinances, orders, rules, regulations, guidance documents, judgments, Governmental Approvals,
or any other requirements of any Governmental Authority relating to (i) environmental matters, including those relating to any Hazardous
Materials Activity, (ii) the generation, use, storage, transportation or disposal of Hazardous Materials, or (iii) occupational
safety and health, industrial hygiene, land use or the protection of human, plant or animal health or welfare, in any manner applicable
to the Company or any of its Subsidiaries or any of its properties.

 

“Equity Interests”
means (a) in the case of a corporation, capital stock, (b) in the case of an association or business entity, any and all shares,
interests, participations, rights or other equivalents (however designated) of capital stock, (c) in the case of a partnership, partnership
interests (whether general or limited), (d) in the case of a limited liability company, membership interests, (e) any other
interest or participation that confers on a Person the right to receive a share of the profits and losses of, or distributions of assets
of, the issuing Person and (f) any and all warrants, rights or options to purchase any of the foregoing.

 

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

 

“ERISA Affiliate”
means, as to any Person, (i) any corporation that is a member of a controlled group of corporations within the meaning of Section 414(b) of
the Code of which that Person is a member; (ii) any trade or business (whether or not incorporated) that is a member of a group of
trades or businesses under common control within the meaning of Section 414(c) of the Code of which that Person is a member;
and (iii) any member of an affiliated service group within the meaning of Section 414(m) or (o) of the Code of which
that Person, any corporation described in clause (i) above or any trade or business described in clause (ii) above is a member.
Any former ERISA Affiliate of a Person or any of its Subsidiaries shall continue to be considered an ERISA Affiliate of such Person or
such Subsidiary within the meaning of this definition with respect to the period such entity was an ERISA Affiliate of such Person or
such Subsidiary and with respect to liabilities arising after such period for which such Person or such Subsidiary could be liable under
the Code or ERISA.

 

    	 	17	 

     

    

 

“ERISA Event”
means (i) a “reportable event” within the meaning of Section 4043 of ERISA with respect to any Pension Plan (excluding
those for which the provision for 30-day notice to the PBGC has been waived by regulation); (ii) the failure to meet the minimum
funding standard of Section 412 or 430 of the Code with respect to any Pension Plan (whether or not waived in accordance with Section 412(c) of
the Code) or the failure to make by its due date a required installment under Section 430(g) of the Code with respect to any
Pension Plan or the failure to make any required contribution to a Multiemployer Plan; (iii) any determination that any Pension Plan
is, or is expected to be, in at-risk status under Title IV of ERISA; (iv) the provision by the administrator of any Pension Plan
pursuant to Section 4041(a)(2) of ERISA of a notice of intent to terminate such plan in a distress termination described in
Section 4041(c) of ERISA; (v) the withdrawal by the Company, any of its Subsidiaries or any of their respective ERISA Affiliates
from any Pension Plan with two or more contributing sponsors or the termination of any such Pension Plan resulting in material liability
pursuant to Section 4063 or 4064 of ERISA; (vi) the institution by the PBGC of proceedings to terminate any Pension Plan, or
the occurrence of any event or condition which would reasonably be expected to constitute grounds under ERISA for the termination of,
or the appointment of a trustee to administer, any Pension Plan; (vii) the imposition of liability on the Company, any of its Subsidiaries
or any of their respective ERISA Affiliates pursuant to Section 4062(e) or 4069 of ERISA or by reason of the application of
Section 4212(c) of ERISA; (viii) the withdrawal of the Company, any of its Subsidiaries or any of their respective ERISA
Affiliates in a complete or partial withdrawal (within the meaning of Sections 4203 and 4205 of ERISA) from any Multiemployer Plan if
there would be any liability therefor, or the receipt by the Company, any of its Subsidiaries or any of their respective ERISA Affiliates
of notice from any Multiemployer Plan that it is in insolvency pursuant to Section 4245 of ERISA, or that it intends to terminate
or has terminated under Section 4041A or 4042 of ERISA; (ix) engaging in a non-exempt prohibited transaction within the meaning
of Section 4975 of the Code or Section 406 of ERISA; (x) the assertion of a claim (other than routine claims for benefits)
against any Employee Benefit Plan other than a Multiemployer Plan or the assets thereof, or against the Company, any of its Subsidiaries
or any of their respective ERISA Affiliates in connection with any Employee Benefit Plan that would reasonably be expected to result in
a material liability to the Company or any of its Subsidiaries; or (xi) receipt from the Internal Revenue Service of notice of the
failure of any Pension Plan (or any other Employee Benefit Plan intended to be qualified under Section 401(a) of the Code) to
qualify under Section 401(a) of the Code, or the failure of any trust forming part of any Pension Plan to qualify for exemption
from taxation under Section 501(a) of the Code where such failure would reasonably be expected to result in a Material Adverse
Effect; or (xii) the imposition of a Lien pursuant to Section 430(k) or the providing of security under Section 436(f) of
the Code or pursuant to ERISA with respect to any Pension Plan. With respect to a Multiemployer Plan or a Pension Plan not maintained
or contributed to by the Company or its Subsidiaries, except for the purposes of Section 9.1(j) hereof, an event described
above shall not be an ERISA Event unless it is reasonably likely to result in material liability to the Company or any of its Subsidiaries.

 

“Erroneous Payment”
has the meaning assigned thereto in Section 10.11(a).

 

“Erroneous Payment
Deficiency Assignment” has the meaning assigned thereto in Section 10.11(d).

 

“Erroneous Payment
Impacted Loans” has the meaning assigned thereto in Section 10.11(d).

 

“Erroneous Payment
Return Deficiency” has the meaning assigned thereto in Section 10.11(d).

 

“EURIBOR”
has the meaning assigned thereto in the definition of “Eurocurrency Rate”.

 

“EURIBOR
Rate” has the meaning assigned thereto in the definition of “Eurocurrency Rate”.

 

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

 

“Eurocurrency Banking
Day” means, (i) for Obligations, interest, fees, commissions or other amounts denominated in, or calculated with respect
to, Dollars, a London Banking Day, (ii) for Obligations, interest, fees, commissions or other amounts denominated in, or calculated
with respect to, Euros, a TARGET Day and (iii) for Obligations, interest, fees, commissions or other amounts denominated in, or calculated
with respect to, Yen, any day (other than a Saturday or Sunday) on which banks are open for business in Japan; provided, that for
purposes of notice requirements in Sections 2.3(a), 2.4(c), 4.2, 4.4 and 5.2, in each case, such day
is also a Business Day.

 

    	 	18	 

     

    

 

“Eurocurrency Rate”
means,

 

(a)           for
any Eurocurrency Rate Loan for any Interest Period:

 

(i)            denominated
in Dollars, the greater of (A) the rate of interest per annum determined on the basis of the rate for deposits in Dollars for a period
equal to the applicable Interest Period as published by the IBA, or a comparable or successor quoting service approved by the Administrative
Agent (in each case, the “USD LIBOR Rate”), at approximately 11:00 a.m. (London time) on the Rate Determination
Date; and (B) the Floor;

 

(ii)           denominated
in Euros, the greater of (A) the rate of interest per annum equal to the Euro Interbank Offered Rate (“EURIBOR”)
as administered by the European Money Markets Institute, or a comparable or successor adminitrator approved by the Administrative Agent
(in each case, the “EURIBOR Rate”), at approximately 11:00 a.m. (Brussels time) on the Rate Determination Date
and (B) the Floor; and

 

(iii)          denominated
in Yen, the greater of (A) the rate per annum equal to the Tokyo Interbank Offered Rate (“TIBOR”) as administered
by the Ippan Shadan Hojin JBA TIBOR Administration, or a comparable or successor adminitrator approved by the Administrative Agent (in
each case, the “TIBOR Rate”), at approximately 11:00 a.m. (Tokyo time) on the Rate Determination Date and (B) the
Floor; and

 

(iv)          denominated
in any other Currency (other than a Currency referenced in clauses (i) through (iii) above, Swiss Francs or Sterling), the rate
designated with respect to such Currency at the time such currency is approved by the Administrative Agent and the Lenders pursuant to
Section 1.15.

 

(b)           for
any rate calculation with respect to a Base Rate Loan on any date, the rate of interest per annum determined on the basis of the rate
for deposits in Dollars for a period of approximately one month as published by the IBA, or a comparable or successor quoting service
approved by the Administrative Agent, at approximately 11:00 a.m. (London time) two (2) Eurocurrency Banking Days prior to the
date of such calculation.

 

“Eurocurrency
Rate Loan” means any Loan bearing interest at a rate based on the Adjusted Eurocurrency Rate other than pursuant to clause
(c) of the definition of “Base Rate”.

 

“Eurocurrency Reserve
Percentage” means, for any day, the percentage which is in effect for such day as prescribed by the FRB for determining the
maximum reserve requirement (including any basic, supplemental or emergency reserves) in respect of eurocurrency liabilities or any similar
category of liabilities for a member bank of the Federal Reserve System in New York City or any other reserve ratio or analogous requirement
of any central banking or financial regulatory authority imposed in respect of the maintenance of the Commitments or the funding of the
Loans. The Adjusted Eurocurrency Rate for each outstanding Loan shall be adjusted automatically as of the effective date of any change
in the Eurocurrency Reserve Percentage.

 

“Event of Default”
means any of the events specified in Section 9.1; provided that any requirement for passage of time, giving of notice,
or any other condition, has been satisfied.

 

“Exchange Act”
means the Securities Exchange Act of 1934, as amended from time to time, and any successor statute.

 

    	 	19	 

     

    

 

“Excluded
Taxes” means any of the following Taxes imposed on or with respect to a Recipient or required to be withheld or deducted from
a payment to a Recipient, (a) Taxes imposed on or measured by net income (however denominated), franchise Taxes, and branch profits
Taxes, in each case, (i) imposed as a result of such Recipient being organized under the laws of, or having its principal office
or, in the case of any Lender, its applicable Lending Office located in, the jurisdiction imposing such Tax (or any political subdivision
thereof) or (ii) that are Other Connection Taxes, (b) in the case of a Lender, United States federal withholding Taxes imposed
on amounts payable to or for the account of such Lender with respect to an applicable interest in a Loan or Revolving Credit Commitment
pursuant to a law in effect on the date on which (i) such Lender acquires such interest in the Loan or Revolving Credit Commitment
(other than pursuant to an assignment request by the Company under Section 4.12(b)) or (ii) such Lender changes its Lending
Office, except in each case to the extent that, pursuant to Section 4.11, amounts with respect to such Taxes were payable
either to such Lender’s assignor immediately before such Lender became a party hereto or to such Lender immediately before it changed
its Lending Office, (c) Taxes attributable to such Recipient’s failure to comply with Section 4.11(g) and
(d) any United States federal withholding Taxes imposed under FATCA.

 

“Existing Credit
Agreement” has the meaning assigned thereto in the Statement of Purpose.

 

“Existing Letters
of Credit” means those letters of credit existing on the Restatement Date and identified on Schedule 1.1(a).

 

“Existing Revolving
Credit Maturity Date” has the meaning assigned thereto in Section 2.7(a).

 

“Extended Letter
of Credit” has the meaning assigned thereto in Section 3.1(b).

 

“Extending Lender”
has the meaning assigned thereto in Section 2.7(a).

 

“Extension Request”
has the meaning assigned thereto in Section 2.7(a).

 

“Extensions of Credit”
means, as to any Lender at any time, (a) an amount equal to the sum of (i) the aggregate principal amount of all Revolving Credit
Loans made by such Lender then outstanding, (ii) such Lender’s Revolving Credit Commitment Percentage of the L/C Obligations
then outstanding, and (iii) such Lender’s Revolving Credit Commitment Percentage of the Swingline Loans then outstanding, or
(b) the making of any Loan or participation in any Letter of Credit by such Lender, as the context requires.

 

“Facility
Fee” has the meaning assigned thereto in Section 4.3(a).

 

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

 

“FCA”
has the meaning assigned thereto in Section 1.9.

 

“FDIC”
means the Federal Deposit Insurance Corporation.

 

“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 if such rate is not so published for any day which is a Business Day, the Federal Funds Rate for such day shall be the average of
the quotation for such day on such transactions received by the Administrative Agent from three federal funds brokers of recognized standing
selected by the Administrative Agent. Notwithstanding the foregoing, if the Federal Funds Rate shall be less than zero, such rate shall
be deemed to be zero for purposes of this Agreement.

 

    20 

     

    

 

“Fee Letters”
means (a) that certain fee letter agreement dated May 7, 2021, from Wells Fargo and Wells Fargo Securities, LLC, which has been
acknowledged and agreed to by the Company, (b) that certain fee letter agreement dated May 7, 2021, from BofA Securities, Inc.,
which has been acknowledged and agreed to by the Company, (c) that certain fee letter agreement dated May 7, 2021, from Citigroup
Global Markets Inc., which has been acknowledged and agreed to by the Company, and (d) any letter between the Company and any Issuing
Lender (other than Wells Fargo) relating to certain fees payable to such Issuing Lender in its capacity as such.

 

“Fiscal Quarter”
means a fiscal quarter of any Fiscal Year.

 

“Fiscal Year”
means the fiscal year of the Company and its Subsidiaries ending on December 31. For purposes of this Agreement, any particular Fiscal
Year shall be designated by reference to the calendar year in which such Fiscal Year ends.

 

“Floor”
means a rate of interest equal to 0%.

 

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

 

“Foreign Lender”
means (a) if the Borrower is a U.S. Person, a Lender that is not a U.S. Person, and (b) if the Borrower is not a U.S. Person,
a Lender that is resident or organized under the laws of a jurisdiction other than that in which the Borrower is resident for tax purposes.

 

“FRB” means
the Federal Reserve Board.

 

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

 

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

 

“GAAP”
means generally accepted accounting principles in the United States set forth in the opinions and pronouncements of the Accounting Principles
Board and the American Institute of Certified Public Accountants and statements and pronouncements of the Financial Accounting Standards
Board or such other principles as may be approved by a significant segment of the accounting profession in the United States, that are
applicable to the circumstances as of the date of determination, consistently applied.

 

“Governing Body”
means the board of directors or other body having the power to direct or cause the direction of the management and policies of a Person
that is a corporation, partnership, trust or limited liability company.

 

    21 

     

    

 

“Governmental Approvals”
means all authorizations, consents, approvals, permits, licenses and exemptions of, and all registrations and filings with or issued by,
any Governmental Authorities.

 

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

 

“Hazardous Materials”
means (i) any chemical, material or substance at any time defined as or included in the definition of “hazardous substances”,
 “hazardous wastes”, “hazardous materials”, “extremely hazardous waste”, “acutely hazardous waste”,
 “radioactive waste”, “biohazardous waste”, “pollutant”, “toxic pollutant”, “contaminant”,
 “restricted hazardous waste”, “infectious waste”, “toxic substances”, or any other term or expression
intended to define, list or classify substances by reason of properties harmful to health, safety or the indoor or outdoor environment
(including harmful properties such as ignitability, corrosivity, reactivity, carcinogenicity, toxicity, reproductive toxicity, “TCLP
toxicity” or “EP toxicity” or words of similar import under any applicable Environmental Laws); (ii) any oil, petroleum,
petroleum fraction or petroleum derived substance; (iii) any drilling fluids, produced waters and other wastes associated with the
exploration, development or production of crude oil, natural gas or geothermal resources; (iv) any flammable substances or explosives;
(v) any radioactive materials; (vi) any asbestos-containing materials; (vii) urea formaldehyde foam insulation; (viii) electrical
equipment which contains any oil or dielectric fluid containing polychlorinated biphenyls; (ix) pesticides; and (x) any other
chemical, material or substance, exposure to which is prohibited, limited or regulated by any Governmental Authority or which may or could
pose a hazard to the health and safety of the owners, occupants or any Persons in the vicinity of any facility of the Company or any of
its Subsidiaries or to the indoor or outdoor environment.

 

“Hazardous Materials
Activity” means any past, current, proposed or threatened activity, event or occurrence involving any Hazardous Materials, including
the use, manufacture, possession, storage, holding, presence, existence, location, Release, threatened Release, discharge, placement,
generation, transportation, processing, construction, treatment, abatement, removal, remediation, disposal, disposition or handling of
any Hazardous Materials, and any corrective action or response action with respect to any of the foregoing.

 

“IBA”
has the meaning assigned thereto in Section 1.9.

 

“Increased
Amount Date” has the meaning assigned thereto in Section 4.13(a).

 

“Incremental
Lender” has the meaning assigned thereto in Section 4.13(a).

 

“Incremental
Loan Commitments” has the meaning assigned thereto in Section 4.13(a).

 

“Incremental
Loans” has the meaning assigned thereto in Section 4.13(a).

 

“Indebtedness”
means, with respect to any Person at any date and without duplication, the sum of (a) indebtedness created, issued or incurred for
borrowed money (whether by loan or the issuance and sale of debt securities), but excluding customer deposits, investment accounts and
certificates, and insurance reserves, (b) Capital Lease Obligations, (c) obligations to pay the deferred purchase or acquisition
price of property or services, other than trade accounts payable (other than for borrowed money) arising, and accrued expenses incurred,
in the ordinary course of business (excluding any such obligations incurred under ERISA), (d) obligations in respect of letters of
credit or similar instruments; and (e) Contingent Obligations of such Person in respect of Indebtedness of the types described in
clauses (a), (b), (c), and (d) of this definition.

 

    22 

     

    

 

For all purposes hereof, the Indebtedness of any
Person shall include the Indebtedness of any partnership or joint venture (other than a joint venture that is itself a corporation or
limited liability company) in which such Person is a general partner or a joint venturer, unless such Indebtedness is expressly made non-recourse
to such Person.

 

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

 

“Indemnitee”
has the meaning assigned thereto in Section 11.3(b).

 

“Information”
has the meaning assigned thereto in Section 11.10.

 

“Initial Revolving
Credit Maturity Date” means June 11, 2026.

 

“Initial RFR Loan”
means an RFR Loan that would have borne interest based upon a Daily Simple RFR or a Term RFR on the Restatement Date. Loans denominated
in Sterling and Swiss Francs are Initial RFR Loans.

 

“Insurance Subsidiary”
means any Subsidiary which is engaged in the insurance business.

 

“Interest Payment
Date” means (a) as to any Base Rate Loan or Daily Simple RFR Loan, the last Business Day of each March, June, September and
December and the Revolving Credit Maturity Date and (b) as to any Eurocurrency Rate Loan or Term RFR Loan, the last day of each
Interest Period therefor and, in the case of any Interest Period of more than three (3) months’ duration, each day prior to
the last day of such Interest Period that occurs at three-month intervals after the first day of such Interest Period; provided,
that each such three-month interval payment day shall be the immediately succeeding Business Day if such day is not a Business Day, unless
such day is not a Business Day but is a day of the relevant month after which no further Business Day occurs in such month, in which case
such day shall be the immediately preceding Business Day and the Revolving Credit Maturity Date.

 

“Interest Period”
means, as to any Loan, the period commencing on the date such Loan is disbursed or converted to or, with respect to any Eurocurrency Rate
Loan or Term RFR Loan, continued as a Eurocurrency Rate Loan or Term RFR Loan, as applicable, and ending on the date one (1), three (3),
or six (6) months thereafter, in each case as selected by the Borrower in its Notice of Borrowing or Notice of Conversion/Continuation
and subject to availability; provided that:

 

(a)           the
Interest Period shall commence on the date of advance of or conversion to any Eurocurrency Rate Loan or Term RFR Loan, as applicable,
and, in the case of immediately successive Interest Periods, each successive Interest Period shall commence on the date on which the immediately
preceding Interest Period expires;

 

(b)           if
any Interest Period would otherwise expire on a day that is not a Business Day, such Interest Period shall expire on the next succeeding
Business Day; provided that if any Interest Period would otherwise expire on a day that is not a Business Day but is a day of the
month after which no further Business Day occurs in such month, such Interest Period shall expire on the immediately preceding Business
Day;

 

    23 

     

    

 

(c)           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 relevant calendar month at the
end of such Interest Period;

 

(d)           no
Interest Period shall extend beyond the Revolving Credit Maturity Date;

 

(e)           there
shall be no more than seven (7) Interest Periods in effect at any time; and

 

(f)            no
tenor that has been removed from this definition pursuant to Section 4.8(c)(iv) shall be available for specification
in any Notice of Borrowing or Notice of Conversion/Continuation.

 

“Investment Company
Act” means the Investment Company Act of 1940 (15 U.S.C. § 80(a)(1), et seq.).

 

“IRS” means
the United States Internal Revenue Service.

 

“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.

 

“ISP” means
the International Standby Practices, International Chamber of Commerce Publication No. 590 (or such later version thereof as
may be in effect at the applicable time).

 

“Issuing Lender”
has the meaning assigned thereto in Section 3.1(a).

 

“Judgment Currency”
has the meaning assigned thereto in Section 11.25.

 

“L/C Facility”
means the letter of credit facility established pursuant to Article III.

 

“L/C Obligations”
means at any time, an amount equal to the sum of (a) the aggregate undrawn and unexpired amount of the then outstanding Letters of
Credit and (b) the aggregate amount of drawings under Letters of Credit which have not then been reimbursed pursuant to Section 3.5.

 

“L/C Participants”
means, with respect to any Letter of Credit, the collective reference to all the Revolving Credit Lenders other than the applicable Issuing
Lender.

 

“L/C Sublimit”
means the lesser of (a) $50,000,000, and (b) the Revolving Credit Commitment.

 

“Lender”
means the Persons listed on Schedule 1.1(b) and any other Person that shall have become a party to this Agreement as a Lender
pursuant to an Assignment and Assumption or pursuant to Section 4.13, other than any Person that ceases to be a party
hereto as a Lender pursuant to an Assignment and Assumption. Unless the context otherwise requires, the term “Lenders” includes
the Swingline Lender.

 

“Lender
Joinder Agreement” means a joinder agreement in form and substance reasonably satisfactory to the Administrative Agent delivered
in connection with Section 4.13.

 

“Lending Office”
means, with respect to any Lender, the office of such Lender maintaining such Lender’s Extensions of Credit, which office may, to
the extent the applicable Lender notifies the Administrative Agent in writing, include an office of any Affiliate of such Lender or any
domestic or foreign branch of such Lender or Affiliate.

 

    24 

     

    

 

“Letter of Credit
Application” means an application requesting such Issuing Lender to issue a Letter of Credit and a reimbursement agreement,
in each case in the form specified by the applicable Issuing Lender from time to time.

 

“Letters of Credit”
means the collective reference to letters of credit issued pursuant to Section 3.1 and the Existing Letters of Credit. Each
Letter of Credit shall be issued in Dollars.

 

“License”
means any license, certificate of authority, permit or other authorization which is required to be obtained from any Governmental Authority
in connection with the operation, ownership or transaction of insurance, broker dealer or investment advisory businesses or any other
regulated business.

 

“Lien”
means, with respect to any asset, any mortgage, leasehold mortgage, lien, pledge, charge, security interest, hypothecation or encumbrance
of any kind in respect of such asset. For the purposes of this Agreement, a Person shall be deemed to own subject to a Lien any asset
which it has acquired or holds subject to the interest of a vendor or lessor under any conditional sale agreement, Capital Lease Obligation
or other title retention agreement relating to such asset.

 

“Loan Documents”
means, collectively, this Agreement, each Note, the Letter of Credit Applications, the Fee Letters, each Designated Borrower Request and
Assumption Agreement and each other document, instrument, certificate and agreement executed and delivered by the Company or any of its
Subsidiaries in favor of or provided to the Administrative Agent or any Lender in connection with this Agreement or otherwise referred
to herein or contemplated hereby.

 

“Loans”
means the collective reference to the Revolving Credit Loans and the Swingline Loans, and “Loan” means any of such Loans.

 

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

 

“Margin Stock”
has the meaning assigned to that term in Regulation U of the Board of Governors of the Federal Reserve System as in effect from time to
time.

 

“Material Adverse
Effect” means a material adverse effect upon (i) the business, financial condition or operations of the Company and its
Subsidiaries taken as a whole, (ii) the Borrower’s ability to perform its obligations under the Loan Documents, or (iii) the
enforceability of the Obligations.

 

“Material Indebtedness”
means Indebtedness (other than the Loans and Letters of Credit), Contingent Obligations or obligations in respect of one or more Swap
Contracts, of any one or more of the Company and its Subsidiaries, in an aggregate principal amount in excess of $100,000,000. For purposes
of determining Material Indebtedness, the “principal amount” of the obligations of any Person in respect of any Swap Contract
shall be the Swap Termination Value at such time.

 

“Minimum Collateral
Amount” means, at any time, (i) with respect to Cash Collateral consisting of cash or deposit account balances, an amount
equal to 100% of the Fronting Exposure of all Issuing Lenders with respect to Letters of Credit issued and outstanding at such time and
the Fronting Exposure of the Swingline Lender with respect to Swingline Loans outstanding at such time, and (ii) otherwise, an amount
determined by the Administrative Agent, the Issuing Lenders and the Swingline Lender in their sole discretion.

 

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

 

    25 

     

    

 

“Multiemployer Plan”
means any Employee Benefit Plan that is a “multiemployer plan” as defined in Section (37) of ERISA.

 

“Non-Consenting Lender”
means any Lender that does not approve any consent, waiver, amendment, modification or termination that (a) requires the approval
of all Lenders or all affected Lenders in accordance with the terms of Section 11.2 and (b) has been approved by the
Required Lenders.

 

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

 

“Non-Extending Revolving
Credit Lender” has the meaning assigned thereto in Section 2.7(b).

 

“Non-U.S. Plan”
shall mean any plan, fund (including, without limitation, any superannuation fund) or other similar program established, contributed to
(regardless of whether through direct contributions or through employee withholding) or maintained outside the United States by the Company
or one or more of its Subsidiaries primarily for the benefit of employees of the Company or such Subsidiaries residing outside the United
States, which plan, fund or other similar program provides, or results in, retirement income, a deferral of income in contemplation of
retirement, or payments to be made upon termination of employment, and which plan is not subject to ERISA or the Code.

 

“Notes”
means the collective reference to the Revolving Credit Notes and the Swingline Note.

 

“Notice Date”
has the meaning assigned thereto in Section 2.7(b).

 

“Notice of Borrowing”
has the meaning assigned thereto in Section 2.3(a).

 

“Notice
of Conversion/Continuation” has the meaning assigned thereto in Section 4.2.

 

“Notice of Prepayment”
has the meaning assigned thereto in Section 2.4(c).

 

“Obligations”
means, in each case, whether now in existence or hereafter arising (a) the principal of and interest on (including interest accruing
after the filing of any bankruptcy or similar petition) the Loans, (b) the L/C Obligations and (c) all other fees and commissions
(including attorneys’ fees), charges, indebtedness, loans, liabilities, financial accommodations, obligations, covenants and duties
owing by the Borrower to the Lenders, the Issuing Lender or the Administrative Agent, in each case under any Loan Document, with respect
to any Loan or Letter of Credit of every kind, nature and description, direct or indirect, absolute or contingent, due or to become due,
contractual or tortious, liquidated or unliquidated, and whether or not evidenced by any note and including interest and fees that accrue
after the commencement by or against the Borrower 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.

 

“OFAC”
means the U.S. Department of the Treasury’s Office of Foreign Assets Control.

 

“Officer’s
Certificate” means, as applied to any Person that is a corporation, partnership, trust or limited liability company, a certificate
executed on behalf of such Person by one or more Responsible Officers of such Person or one or more Responsible Officers of a general
partner or a managing member if such general partner or managing member is a corporation, partnership, trust or limited liability company.

 

“Officer’s
Compliance Certificate” means a certificate of the chief financial officer or the treasurer of the Company substantially in
the form attached as Exhibit E.

 

    26 

     

    

 

“Ordinary Course
Operating Debt” means, with respect to AEIS, (i) indebtedness incurred for operational liquidity needs pursuant to lines
of credit and other liabilities payable to brokers, dealers, clearing organizations, clients and correspondents, and liabilities in respect
of securities sold but not yet purchased, in each case incurred in the ordinary course of the “broker-dealer” business of
AEIS, including indebtedness incurred in the ordinary course of business to finance or secure the purchase or carrying of securities,
the provision of margin for forward, futures, repurchase or similar transactions, the making of advances to customers, the establishment
of performance or surety bonds or guarantees, or in the nature of a letter of credit or letter of guaranty to support or secure trading
and other obligations incurred in the ordinary course of business, (ii) accounts payable and accrued liabilities in the ordinary
course of business of AEIS and its Subsidiaries, (iii) notes, bills and checks presented in the ordinary course of business by AEIS
to banks for collection or deposit, (iv) all obligations of AEIS and its Subsidiaries of the character referred to in this definition
to the extent owing to AEIS or any of its Subsidiaries and (v) guaranteed indebtedness of AEIS arising in the ordinary course of
business pursuant to contract or applicable law, rule or regulation with respect to the Obligations of other members of securities
and commodities clearinghouses and exchanges.

 

“Organizational Documents”
means the documents (including bylaws, if applicable) pursuant to which a Person that is a corporation, partnership, trust or limited
liability company is organized.

 

“Other Benchmark
Rate Election” means, if the then-current Benchmark for Obligations, interest, fees, commissions or other amounts denominated
in, or calculated with respect to, Dollars, is the Adjusted Eurocurrency Rate for Dollars, the occurrence of: (a) a notification
by the Administrative Agent to (or the request by the Company to the Administrative Agent to notify) each of the other parties hereto
that at least five currently outstanding Dollar-denominated syndicated credit facilities at such time contain (as a result of amendment
or as originally executed), in lieu of a USD LIBOR-based rate, a term benchmark rate that is not a SOFR-based rate as a benchmark rate
(and such syndicated credit facilities are identified in such notice and are publicly available for review), and (b) the joint election
by the Administrative Agent and the Company to trigger a fallback from the Adjusted Eurocurrency Rate for Dollars and the provision by
the Administrative Agent of written notice of such election to the Lenders.

 

“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, documentary, intangible, recording, filing or similar Taxes that arise from
any payment made under, from the execution, delivery, performance, enforcement or registration of, from the receipt or perfection of a
security interest under, or otherwise with respect to, any Loan Document, except any such Taxes that are Other Connection Taxes imposed
with respect to an assignment (other than an assignment made pursuant to Section 4.12).

 

“Overnight Rate”
means, for any day, (a) with respect to any amount denominated in Dollars, the greater of (i) the Federal Funds Rate and (ii) an
overnight rate determined by the Administrative Agent (or to the extent payable to an Issuing Lender or the Swingline Lender, such Issuing
Lender or Swingline Lender, as applicable, in each case, with notice to the Administrative Agent) to be customary in the place of disbursement
or payment for the settlement of international banking transactions, and (b) with respect to any amount denominated in an Alternative
Currency, an overnight rate determined by the Administrative Agent to be customary in the place of disbursement or payment for the settlement
of international banking transactions.

 

    27 

     

    

 

“Paid in Full”,
 “Pay in Full” or “Payment in Full” means, with respect to any Obligations, the payment in full in
cash of all such Obligations (other than Unasserted Obligations).

 

“Participant”
has the meaning assigned thereto in Section 11.9(d).

 

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

 

“Participant Register”
has the meaning assigned thereto in Section 11.9(d).

 

“PATRIOT Act”
means the USA PATRIOT Act (Title III of Pub. L. 107-56 (signed into law October 26, 2001)).

 

“Payment Recipient”
has the meaning assigned thereto in Section 10.11(a).

 

“PBGC”
means the Pension Benefit Guaranty Corporation or any successor agency.

 

“Pension Plan”
means any Employee Benefit Plan, other than a Multiemployer Plan, that is subject to Section 412 of the Code or Title IV of ERISA.

 

“Permitted Liens”
means the following types of Liens (excluding any such Lien imposed pursuant to Section 430 of the Code or by ERISA, and any such
Lien relating to or imposed in connection with any Environmental Claim):

 

(a)            Liens
for taxes, assessments or governmental charges or claims the payment of which is not, at the time, required by Section 7.3;

 

(b)            statutory
Liens of landlords, Liens of collecting banks under the UCC on items in the course of collection, statutory Liens and rights of set-off
of banks, statutory Liens of carriers, warehousemen, mechanics, repairmen, workmen and materialmen, and other Liens imposed by law, in
each case incurred in the ordinary course of business (i) for amounts not yet overdue or (ii) for amounts that are overdue and
that (in the case of any such amounts overdue for a period in excess of 5 days) are being contested in good faith by appropriate proceedings,
so long as (A) such reserves or other appropriate provisions, if any, as shall be required by GAAP shall have been made for any such
contested amounts, and (B) no foreclosure, sale or similar proceedings have been commenced;

 

(c)            deposits
made in the ordinary course of business in connection with workers’ compensation, unemployment insurance, old age pensions and other
types of social security, for the maintenance of self-insurance or to secure the performance of statutory obligations, bids, leases, government
contracts, trade contracts, and other similar obligations (exclusive of obligations for the payment of borrowed money), so long as no
foreclosure, sale or similar proceedings have been commenced with respect thereto;

 

(d)            any
attachment or judgment Lien not constituting an Event of Default under Section 9.1(h);

 

(e)            licenses
(with respect to intellectual property and other property), leases or subleases granted to third parties not interfering in any material
respect with the ordinary conduct of the business of the Company or any of its Subsidiaries;

 

(f)            easements,
rights-of-way, restrictions, encroachments, and other minor defects or irregularities in title, in each case which do not and will not
interfere in any material respect with the ordinary conduct of the business of the Company or any of its Subsidiaries;

 

    28 

     

    

 

(g)            any
(i) interest or title of a lessor or sublessor under any lease not prohibited by this Agreement, (ii) Lien or restriction that
the interest or title of such lessor or sublessor may be subject to, or (iii) subordination of the interest of the lessee or sublessee
under such lease to any Lien or restriction referred to in the preceding clause (ii), so long as the holder of such Lien or restriction
agrees to recognize the rights of such lessee or sublessee under such lease;

 

(h)            Liens
arising from filing UCC financing statements relating solely to leases not prohibited by this Agreement;

 

(i)             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;

 

(j)             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;
and

 

(k)            Liens
securing obligations (other than obligations representing Indebtedness for borrowed money) under operating, reciprocal easement or similar
agreements entered into in the ordinary course of business of the Company and its Subsidiaries.

 

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

 

“Platform”
means Debt Domain, Intralinks, SyndTrak or a substantially similar electronic transmission system.

 

“Prime Rate”
means, at any time, the rate of interest per annum publicly announced from time to time by the Administrative Agent as its prime rate.
Each change in the Prime Rate shall be effective as of the opening of business on the day such change in such prime rate occurs. The parties
hereto acknowledge that the rate announced publicly by the Administrative Agent as its prime rate is an index or base rate and shall not
necessarily be its lowest or best rate charged to its customers or other banks.

 

“Proceedings”
means any action, suit, proceeding (whether administrative, judicial or otherwise), governmental investigation or arbitration.

 

“Pro Forma Basis”
means, for purposes of calculating Consolidated EBITDA for any period during which one or more Acquisitions occurs, that (i) such
Acquisition (and all other Acquisitions that have been consummated during the applicable period) shall be deemed to have occurred as of
the first day of the applicable period of measurement, and (ii) there shall be included in determining Consolidated EBITDA for such
period, without duplication, the Acquired EBITDA of any Person or business, or attributable to any property or asset, acquired by Company
or any Subsidiary during such period (but not the Acquired EBITDA of any related Person or business or any Acquired EBITDA attributable
to any assets or property, in each case to the extent not so acquired) in connection with an Acquisition to the extent not subsequently
sold, transferred, abandoned or otherwise disposed of by Company or such Subsidiary during such period, based on the actual Acquired EBITDA
of such acquired entity or business for such period (including the portion thereof occurring prior to such acquisition).

 

“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.

 

    29 

     

    

 

“QFC Credit Support”
has the meaning assigned thereto in Section 11.24.

 

“Quarterly Statement”
means the quarterly statutory financial statement of any Insurance Subsidiary required to be filed with the insurance commissioner (or
similar authority) of its jurisdiction of incorporation or, if no specific form is so required, in the form of financial statements permitted
by such insurance commissioner (or such similar authority) to be used for filing quarterly statutory financial statements and shall contain
the type of financial information permitted by such insurance commissioner (or such similar authority) to be disclosed therein, together
with all exhibits or schedules filed therewith.

 

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

 

“Recipient”
means (a) the Administrative Agent, (b) any Lender and (c) any Issuing Lender, as applicable.

 

“Reconciliation Table”
means the Company’s reconciliation table included in its earnings releases furnished to the SEC in respect of each of its Fiscal
Quarters.

 

“Reference Period”
means, as of any date of determination, the period of four (4) consecutive fiscal quarters ended on or immediately prior to such
date for which financial statements of Company and its Subsidiaries have been delivered to the Administrative Agent hereunder.

 

“Reference
Time” with respect to any setting of the then-current Benchmark for any Currency means (a) if such Benchmark is a Daily
Simple RFR, (i) if the RFR for such Benchmark is SOFR, then four (4) RFR Business Days prior to (A) if the date
of such setting is an RFR Business Day, such date or (B) if the date of such setting is not an RFR Business Day, the RFR Business
Day immediately preceding such date, (ii) if the RFR for such Benchmark is SONIA, then four (4) RFR Business Days prior to (A) if
the date of such setting is an RFR Business Day, such date or (B) if the date of such setting is not an RFR Business Day, the RFR
Business Day immediately preceding such date, and (iii) if the RFR for such Benchmark is SARON, then five (5) RFR Business Days
prior to (A) if the date of such setting is an RFR Business Day, such date or (B) if the date of such setting is not an RFR
Business Day, the RFR Business Day immediately preceding such date, (b) if such Benchmark is an Adjusted Eurocurrency Rate, (i) if
the applicable Adjusted Eurocurrency Rate for such Benchmark is based upon USD LIBOR, then 11:00 a.m. (London time) on the day that
is two (2) Eurocurrency Banking Days preceding the date of such setting, (ii) if the applicable Adjusted Eurocurrency Rate for
such Benchmark is based upon EURIBOR, then 11:00 a.m. (Brussels time) on the day that is two (2) Eurocurrency Banking Days preceding
the date of such setting, and (iii) if the applicable Adjusted Eurocurrency Rate for such Benchmark is based upon TIBOR, then 11:00
a.m. (Tokyo time) on the day that is two (2) Eurocurrency Banking Days preceding the date of such setting and (c) otherwise,
then the time determined by the Administrative Agent, including in accordance with the Benchmark Replacement Conforming Changes.

 

“Register”
has the meaning assigned thereto in Section 11.9(c).

 

“Regulated Subsidiary”
means any Insurance Subsidiary or any other Subsidiary of the Company engaged in the broker-dealer or investment advisory businesses or
otherwise subject to specific licensing or regulatory schemes by a Governmental Authority.

 

    30 

     

    

 

“Reimbursement Obligation”
means the obligation of the Borrower to reimburse any Issuing Lender pursuant to Section 3.5 for amounts drawn under Letters
of Credit issued by such Issuing Lender.

 

“Reinstated Letter
of Credit” has the meaning assigned thereto in Section 3.11(e).

 

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

 

“Release”
means any release, spill, emission, leaking, pumping, pouring, injection, escaping, deposit, disposal, discharge, dispersal, dumping,
leaching or migration of Hazardous Materials into the indoor or outdoor environment (including the abandonment or disposal of any barrels,
containers or other closed receptacles containing any Hazardous Materials), including the movement of any Hazardous Materials through
the air, soil, surface water or groundwater.

 

“Relevant Governmental
Body” means (a) with respect to a Benchmark Replacement in respect of Obligations, interest, fees, commissions or other
amounts denominated in, or calculated with respect to, Dollars, the FRB or the Federal Reserve Bank of New York, or a committee officially
endorsed or convened by the FRB or the Federal Reserve Bank of New York, or any successor thereto and (b) with respect to a Benchmark
Replacement in respect of Obligations, interest, fees, commissions or other amounts denominated in, or calculated with respect to, any
Alternative Currency, (1) the central bank for the Currency in which such Obligations, interest, fees, commissions or other amounts
are denominated, or calculated with respect to, or any central bank or other supervisor which is responsible for supervising either (A) such
Benchmark Replacement or (B) the administrator of such Benchmark Replacement or (2) any working group or committee officially
endorsed or convened by (A) the central bank for the Currency in which such Obligations, interest, fees, commissions or other amounts
are denominated, or calculated with respect to, (B) any central bank or other supervisor that is responsible for supervising either
(i) such Benchmark Replacement or (ii) the administrator of such Benchmark Replacement, (C) a group of those central banks
or other supervisors or (D) the Financial Stability Board or any part thereof.

 

“Removal Effective
Date” has the meaning assigned thereto in Section 10.6(b).

 

“Required Lenders”
means, at any time, Lenders holding more than fifty percent (50%) of the sum of the aggregate amount of the Revolving Credit Commitment
or, if the Revolving Credit Commitment has been terminated, Lenders holding more than fifty percent (50%) of the aggregate Extensions
of Credit under the Revolving Credit Facility; provided that the Revolving Credit Commitment of, and the portion of the Extensions
of Credit under the Revolving Credit Facility, as applicable, held or deemed held by, any Defaulting Lender shall be excluded for purposes
of making a determination of Required Lenders.

 

“Resignation Effective
Date” has the meaning assigned thereto in Section 10.6(a).

 

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

 

“Response Date”
has the meaning assigned thereto in Section 2.7(a).

 

“Responsible Officer”
means, as to any Person, the chief executive officer, president, chief financial officer, controller, treasurer or assistant treasurer
of such Person or any other officer of such Person designated in writing by the Company and reasonably acceptable to the Administrative
Agent; provided that, to the extent requested thereby, the Administrative Agent shall have received a certificate of such Person
certifying as to the incumbency and genuineness of the signature of each such officer. Any document delivered hereunder or under any other
Loan Document that is signed by a Responsible Officer of a Person shall be conclusively presumed to have been authorized by all necessary
corporate, limited liability company, partnership and/or other action on the part of such Person and such Responsible Officer shall be
conclusively presumed to have acted on behalf of such Person.

 

    31 

     

    

 

“Restatement Date”
means the date of this Agreement.

 

“Restricted Junior
Payment” means (i) any dividend or other distribution, direct or indirect, on account of any shares of any class of stock
of the Company now or hereafter outstanding, except a dividend payable solely in shares of that class of stock to the holders of that
class or an increase in the liquidation value of shares of that class of stock, (ii) any redemption, retirement, sinking fund or
similar payment, purchase or other acquisition for value, direct or indirect, of any shares of any class of stock of the Company now or
hereafter outstanding, and (iii) any payment made to retire, or to obtain the surrender of, any outstanding warrants, options or
other rights to acquire shares of any class of stock of the Company now or hereafter outstanding, except payments in respect of convertible
Indebtedness of the Company, the incurrence of which was permitted by this Agreement, made prior to the conversion thereof to Equity Interests
of the Company.

 

“Revaluation Date”
means with respect to any Loan, each of the following: (a) each date of a borrowing of an RFR Loan or a Eurocurrency Rate Loan denominated
in an Alternative Currency, as applicable, but only as to the amounts so borrowed on such date, (b) each date of a continuation of
an RFR Loan or a Eurocurrency Rate Loan, as applicable, denominated in an Alternative Currency pursuant to the terms of this Agreement,
but only as to the amounts so continued on such date, and (c) such additional dates as the Administrative Agent shall reasonably
determine or the Required Lenders shall reasonably require.

 

“Revolving
Credit Commitment” means (a) as to any Revolving Credit Lender, the obligation of such Revolving Credit Lender to make
Revolving Credit Loans to, and to purchase participations in L/C Obligations and Swingline Loans for the account of, the Borrower hereunder
in an aggregate principal amount at any time outstanding not to exceed the amount set forth opposite such Revolving Credit Lender’s
name on the Register, as such amount may be modified at any time or from time to time pursuant to the terms hereof (including, without
limitation, Section 4.13) and (b) as to all Revolving Credit Lenders, the aggregate commitment of all Revolving
Credit Lenders to make Revolving Credit Loans, as such amount may be modified at any time or from time to time pursuant to the terms hereof
(including, without limitation, Section 4.13). The aggregate Revolving Credit Commitment of all the Revolving Credit Lenders
on the Restatement Date shall be $1,000,000,000. The initial Revolving Credit Commitment of each Revolving Credit Lender is set forth
opposite the name of such Lender on Schedule 1.1(b).

 

“Revolving Credit
Commitment Percentage” means, with respect to any Revolving Credit Lender at any time, the percentage of the total Revolving
Credit Commitments of all the Revolving Credit Lenders represented by such Revolving Credit Lender’s Revolving Credit Commitment.
If the Revolving Credit Commitments have terminated or expired, the Revolving Credit Commitment Percentages shall be determined based
upon the Revolving Credit Commitments most recently in effect, giving effect to any assignments. The Revolving Credit Commitment Percentage
of each Revolving Credit Lender on the Restatement Date is set forth opposite the name of such Lender on Schedule 1.1(b).

 

“Revolving Credit
Exposure” means, as to any Revolving Credit Lender at any time, the Dollar Equivalent of the aggregate principal amount at such
time of its outstanding Revolving Credit Loans and such Revolving Credit Lender’s participation in L/C Obligations and Swingline
Loans at such time.

 

“Revolving
Credit Facility” means the revolving credit facility established pursuant to Article II (including any increase
in such revolving credit facility established pursuant to Section 4.13).

 

    32 

     

    

 

“Revolving Credit
Lenders” means, collectively, all of the Lenders with a Revolving Credit Commitment.

 

“Revolving Credit
Loan” means any revolving loan made to the Borrower pursuant to Section 2.1, and all such revolving loans collectively
as the context requires.

 

“Revolving Credit
Maturity Date” means the earliest to occur of (a) the Initial Revolving Credit Maturity Date, or, if such date has been
extended pursuant to Section 2.7, such later date, (b) the date of termination of the entire Revolving Credit Commitment
by the Borrower pursuant to Section 2.5, and (c) the date of termination of the Revolving Credit Commitment pursuant
to Section 9.2(a).

 

“Revolving Credit
Note” means a promissory note made by the Borrower in favor of a Revolving Credit Lender evidencing the Revolving Credit Loans
made by such Revolving Credit Lender, substantially in the form attached as Exhibit A-1, and any substitutes therefor,
and any replacements, restatements, renewals or extension thereof, in whole or in part.

 

“Revolving Credit
Outstandings” means the sum of (a) with respect to Revolving Credit Loans and Swingline Loans, on any date, the
Dollar Equivalent of the aggregate outstanding principal amount thereof after giving effect to any borrowings and prepayments or repayments
of Revolving Credit Loans and Swingline Loans, as the case may be, occurring on such date; plus (b) with respect to any L/C
Obligations on any date, the Dollar Equivalent of the aggregate outstanding amount thereof on such date after giving effect to any Extensions
of Credit occurring on such date and any other changes in the aggregate amount of the L/C Obligations as of such date, including as a
result of any reimbursements of outstanding unpaid drawings under any Letters of Credit or any reductions in the maximum amount available
for drawing under Letters of Credit taking effect on such date.

 

“RFR”
means, for any Obligations, interest, fees, commissions or other amounts denominated in, or calculated with respect to, (a) Dollars,
on and after the USD LIBOR Transition Date, SOFR, (b) Sterling, SONIA, and (c) Swiss Francs, SARON.

 

“RFR Administrator”
means the SOFR Administrator, the SONIA Administrator or the SARON Administrator, as applicable.

 

“RFR
Business Day” means, for any Obligations, interest, fees, commissions or other amounts denominated in, or calculated with respect
to, (a) Dollars, on and after the USD LIBOR Transition Date, any day except for (i) a Saturday, (ii) a Sunday or (iii) a
day on which the Securities Industry and Financial Markets Association recommends that the fixed income departments of its members be
closed for the entire day for purposes of trading in United States government securities, (b) Sterling, any day except for (i) a
Saturday, (ii) a Sunday or (iii) a day on which banks are closed for general business in London, and (c) Swiss Francs,
any day except for (i) a Saturday, (ii) a Sunday or (iii) a day on which banks are closed for the settlement of payments
and foreign exchange transactions in Zurich; provided, that for purposes of notice requirements in Sections 2.3(a), 2.4(c),
4.2(a), 4.4(a) and 5.2 in each case, such day is also a Business Day.

 

“RFR Loan”
means a Daily Simple RFR Loan or a Term RFR Loan, as the context may require.

 

“RFR Rate Day”
has the meaning assigned thereto in the definition of “Daily Simple RFR”.

 

“Same Day Funds”
means (a) with respect to disbursements and payments in Dollars, immediately available funds, and (b) with respect to disbursements
and payments in an Alternative Currency, same day or other funds as may be determined by the Administrative Agent or the applicable Issuing
Lender (with notice thereof to the Administrative Agent), as the case may be, to be customary in the place of disbursement or payment
for the settlement of international banking transactions in the relevant Alternative Currency.

 

    33 

     

    

 

“S&P”
means Standard & Poor’s Rating Service, a division of S&P Global Inc. and any successor thereto.

 

“Sanctioned Country”
means at any time, a country, region or territory which is itself (or whose government is) the subject or target of any Sanctions (including,
as of the Restatement Date, Cuba, Iran, North Korea, Syria and Crimea).

 

“Sanctioned
Person” means, at any time, (a) any Person listed in any Sanctions-related list of designated Persons maintained
by OFAC (including, without limitation, OFAC’s Specially Designated Nationals and Blocked Persons List and OFAC’s Consolidated
Non-SDN List), the U.S. Department of State, the United Nations Security Council, the European Union, any European Union member state,
Her Majesty’s Treasury, or other relevant sanctions authority, (b) any Person operating, organized or resident in a Sanctioned
Country or (c) any Person owned or controlled by, or acting or purporting to act for or on behalf of, directly or indirectly, any
such Person or Persons described in clauses (a) and (b), including a Person that is deemed by OFAC to be a Sanctions target based
on the ownership of such legal entity by Sanctioned Peron(s) or (d) any Person otherwise a target of Sanctions, including vessels
and aircraft, that are designated under any Sanctions program.

 

“Sanctions”
means any and all economic or financial sanctions, sectoral sanctions, secondary sanctions, trade embargoes and restrictions and anti-terrorism
laws, including but not limited to those imposed, administered or enforced from time to time by the U.S. government (including those administered
by OFAC or the U.S. Department of State), the United Nations Security Council, the European Union, any European Union member state,
Her Majesty’s Treasury, or other relevant sanctions authority in any jurisdiction in which (a) the Company or any of its Subsidiaries
or Affiliates is located or conducts business, (b) in which any of the proceeds of the Extensions of Credit will be used, or (c) from
which repayment of the Extensions of Credit will be derived.

 

“SAP” means,
with respect to any Insurance Subsidiary, the statutory accounting practices prescribed or permitted by the insurance commissioner (or
other similar authority) in the jurisdiction of such Person for the preparation of annual statements and other financial reports by insurance
companies of the same type as such Person in effect from time to time, applied in a manner consistent with those used in preparing the
financial statements referred to in Section 7.1(e).

 

“SARON”
means a rate equal to the Swiss Average Rate Overnight as administered by the SARON Administrator.

 

“SARON Administrator”
means the SIX Swiss Exchange AG (or any successor administrator of the Swiss Average Rate Overnight).

 

“SARON Administrator’s
Website” means SIX Swiss Exchange AG’s website, currently at https://www.six-group.com, or any successor source for the
Swiss Average Rate Overnight identified as such by the SARON Administrator from time to time.

 

“Screen Rate”
means, for any Eurocurrency Rate Loan denominated in Dollars, the USD LIBOR Rate, for any Eurocurrency Rate Loan denominated in Euros,
the EURIBOR Rate and for any Eurocurrency Rate Loan denominated in Yen, the TIBOR Rate.

 

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

 

    34

     

    

 

“Securities Act”
means the Securities Act of 1933 (15 U.S.C. § 77 et seq.).

 

“Senior Officer”
means any of the chief executive officer, president, chief financial officer, treasurer, controller, any executive vice president, or
general counsel of the Company or any other officer with a rank of vice president or higher in the office of the general counsel of the
Company.

 

“Significant Subsidiary”
means, at any date of determination, any Subsidiary of the Company which either (i) has assets at such time in excess of $1,000,000,000
or (ii) has net income in an amount in excess of 10% of the Consolidated net income of the Company and its Subsidiaries on a Consolidated
basis as reflected in the then most recent Consolidated financial statements of the Company and its Subsidiaries delivered pursuant to
Section 7.1. The Significant Subsidiaries of the Company as of December 31, 2020, are listed on Schedule 1.1(c) annexed
hereto.

 

“SOFR”
means a rate equal to the secured overnight financing rate as administered by the SOFR Administrator.

 

“SOFR Administrator”
means the Federal Reserve Bank of New York (or a successor administrator of the secured overnight financing rate).

 

“SOFR Administrator’s
Website” means the website of the Federal Reserve Bank of New York, currently at http://www.newyorkfed.org,
or any successor source for the secured overnight financing rate identified as such by the SOFR Administrator from time to time.

 

“Solvent”
and “Solvency” mean, with respect to any Person on any date of determination, that on such date (a) the fair value
of the property of such Person is greater than the total amount of liabilities, including contingent liabilities, of such Person, (b) the
present fair salable value of the assets of such Person is not less than the amount that will be required to pay the probable liability
of such Person on its debts as they become absolute and matured, (c) such Person does not intend to, and does not believe that it
will, incur debts or liabilities beyond such Person’s ability to pay such debts and liabilities as they mature, (d) such Person
is not engaged in business or a transaction, and is not about to engage in business or a transaction, for which such Person’s property
would constitute an unreasonably small capital, and (e) such Person is able to pay its debts and liabilities, contingent obligations
and other commitments as they mature in the ordinary course of business. The amount of contingent liabilities at any time shall be computed
as the amount that, in the light of all the facts and circumstances existing at such time, represents the amount that can reasonably be
expected to become an actual or matured liability.

 

“SONIA”
means a rate equal to the Sterling Overnight Index Average as administered by the SONIA Administrator.

 

“SONIA Administrator”
means the Bank of England (or any successor administrator of the Sterling Overnight Index Average).

 

“SONIA Administrator’s
Website” means the Bank of England’s website, currently at http://www.bankofengland.co.uk, or any successor source for
the Sterling Overnight Index Average identified as such by the SONIA Administrator from time to time.

 

“Special Notice Currency”
means, at any time, an Alternative Currency other than the currency of a country that is a member of the Organization for Economic Cooperation
and Development at such time located in North America.

 

    35

     

    

 

“Spot Rate”
means for a Currency the rate determined by the Administrative Agent to be the rate quoted by the Person acting in such capacity as the
spot rate for the purchase by such Person of such Currency with another currency through its principal foreign exchange trading office
at approximately 11:00 a.m. on the date two (2) Business Days prior to the date as of which the foreign exchange computation
is made; provided that the Administrative Agent may obtain such spot rate from another financial institution designated by the
Administrative Agent if the Person acting in such capacity does not have as of the date of determination a spot buying rate for any such
Currency; provided further that the Issuing Lender may use such spot rate quoted on the date as of which the foreign exchange computation
is made in the case of any Letter of Credit denominated in an Alternative Currency.

 

“Spread
Adjusted SOFR” means with respect to any RFR Business Day, a rate per annum equal to the sum of (a) the secured
overnight financing rate for such RFR Business Day plus (b) the related Benchmark Replacement Adjustment.

 

“Spread
Adjusted Term SOFR” means, for any Available Tenor and Interest Period, a rate per annum equal to the sum of (a) the
forward-looking term rate for a period comparable to such Available Tenor based on the SOFR that is published by an authorized benchmark
administrator and is displayed on a screen or other information service, each as identified or selected by the Administrative Agent in
its reasonable discretion at approximately a time and as of a date prior to the commencement of such Interest Period determined by the
Administrative Agent in its reasonable discretion in a manner substantially consistent with market practice and (b) the related Benchmark
Replacement Adjustment.

 

“Sterling”
or “£” means the lawful currency of the United Kingdom.

 

“Subsidiary”
means as to any Person, any corporation, partnership, limited liability company or other entity of which more than fifty percent (50%)
of the outstanding Equity Interests having ordinary voting power to elect a majority of the Governing Body or other managers of such corporation,
partnership, limited liability company or other entity is at the time owned by (directly or indirectly) or the management is otherwise
controlled by (directly or indirectly) such Person (irrespective of whether, at the time, Equity Interests of any other class or classes
of such corporation, partnership, limited liability company or other entity shall have or might have voting power by reason of the happening
of any contingency). Unless otherwise qualified, references to “Subsidiary” or “Subsidiaries” herein shall refer
to those of the Company.

 

“Supported QFC”
has the meaning assigned thereto in Section 11.24.

 

“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, futures, 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.

 

    36

     

    

 

“Swap Termination
Value” means, in respect of any one or more Swap Contracts, after taking into account the effect of any legally enforceable
netting agreement relating to such Swap Contracts, (a) for any date on or after the date such Swap Contracts have been closed out
and termination value(s) determined in accordance therewith, such termination value(s), and (b) for any date prior to the date
referenced in clause (a), the amount(s) determined as the mark-to-market value(s) for such Swap Contracts, as determined based
upon one or more mid-market or other readily available quotations provided by any recognized dealer in such Swap Contracts (which may
include a Lender or any Affiliate of a Lender).

 

“Sweep Arrangement”
has the meaning assigned thereto in Section 2.2(a).

 

“Swingline Commitment”
means the lesser of (a) $500,000,000 and (b) the Revolving Credit Commitment.

 

“Swingline Facility”
means the swingline facility established pursuant to Section 2.2.

 

“Swingline Lender”
means Wells Fargo (or any of its designated branch offices or Affiliates) in its capacity as swingline lender hereunder or any successor
thereto.

 

“Swingline Loan”
means any swingline loan made by the Swingline Lender to the Borrower pursuant to Section 2.2, and all such swingline loans
collectively as the context requires. All Swingline Loans shall be denominated in Dollars.

 

“Swingline Note”
means a promissory note made by the Borrower in favor of the Swingline Lender evidencing the Swingline Loans made by the Swingline Lender,
substantially in the form attached as Exhibit A-2, and any substitutes therefor, and any replacements, restatements,
renewals or extension thereof, in whole or in part.

 

“Swingline Participation
Amount” has the meaning assigned thereto in Section 2.2(b)(iii).

 

“Swiss Franc”
or “CHF” means the lawful currency of Switzerland.

 

“TARGET2”
means the Trans-European Automated Real-time Gross Settlement Express Transfer payment system which utilizes a single shared platform
and which was launched on November 19, 2007.

 

“TARGET Day”
means any day on which TARGET2 is open for the settlement of payments in Euros.

 

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

 

“Term RFR”
means, with respect to any Currency for any Interest Period, a rate per annum equal to (a) for any Obligations, interest, fees, commissions
or other amounts denominated in, or calculated with respect to, Dollars, the greater of (i) Spread Adjusted Term SOFR and (ii) the
Floor, and (b) for any Obligations, interest, fees, commissions or other amounts denominated in, or calculated with respect to, Sterling
or Swiss Francs, the greater of (i) the forward-looking term rate for a period comparable to such Interest Period based on the RFR
for such Currency that is published by an authorized benchmark administrator and is displayed on a screen or other information service,
each as identified or selected by the Administrative Agent in its reasonable discretion at approximately a time and as of a date prior
to the commencement of such Interest Period determined by the Administrative Agent in its reasonable discretion in a manner substantially
consistent with market practice and (ii) the Floor.

 

“Term RFR Loan”
means a Loan that bears interest at a rate based on Term RFR.

 

    37

     

    

 

“Term RFR Notice”
means a notification by the Administrative Agent to the Lenders and the Company of the occurrence of a Term RFR Transition Event.

 

“Term RFR Transition
Date” means, in the case of a Term RFR Transition Event, the date that is thirty (30) calendar days after the Administrative
Agent has provided the related Term RFR Notice to the Lenders and the Company pursuant to Section 4.8(c)(i)(C).

 

“Term RFR Transition
Event” means, with respect to any Currency for any Interest Period, the determination by the Administrative Agent that (a) the
applicable Term RFR for such Currency has been recommended for use by the Relevant Governmental Body and (b) the administration of
such Term RFR is administratively feasible for the Administrative Agent.

 

“TIBOR”
has the meaning assigned thereto in the definition of “Eurocurrency Rate”.

 

“TIBOR
Rate” has the meaning assigned thereto in the definition of “Eurocurrency Rate”.

 

“Total
Credit Exposure” means, as to any Lender at any time, the unused Revolving Credit Commitments and Revolving Credit Exposure
of such Lender at such time.

 

“Transactions”
means, collectively, (a) any initial Extensions of Credit on the Restatement Date, and (c) the payment of all transaction fees,
charges and other amounts incurred in connection with the foregoing.

 

“Transitioned RFR
Loan” means a Loan that is an RFR Loan that would not have borne interest based upon a Daily Simple RFR or a Term RFR on the
Restatement Date. To the extent that Loans denominated in Dollars bear interest based on a Daily Simple RFR or Term RFR after the Restatement
Date, such Loans would be Transitioned RFR Loans.

 

“UCC” means
the Uniform Commercial Code as in effect in the State of New York.

 

“UK Financial Institution”
means any BRRD Undertaking (as such term is defined under the PRA Rulebook (as amended from time to time) promulgated by the United Kingdom
Prudential Regulation Authority) or any person falling within 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.

 

“Unasserted Obligations”
means, at any time, Obligations for taxes, expenses, costs, reductions, indemnifications, reimbursements, damages and other amounts (other
than the principal of and interest on Loans and Reimbursement Obligations then outstanding and fees payable in respect of any Credit Facility,
Loan or Letter of Credit or under any Fee Letter) in respect of which no claim or demand for payment has been made at such time.

 

“United States”
means the United States of America.

 

“USD LIBOR”
has the meaning assigned thereto in the definition of “Eurocurrency Rate”.

 

“USD
LIBOR Rate” has the meaning assigned thereto in the definition of “Eurocurrency Rate”.

 

    38

     

    

 

“USD
LIBOR Transition Date” means, the earlier of: (a) the date that all Available Tenors of USD LIBOR have either (i) permanently
or indefinitely ceased to be provided by IBA; provided that, at the time of such statement or publication, there is no successor
administrator that will continue to provide any Available Tenor of USD LIBOR or (ii) been announced by the FCA pursuant to public
statement or publication of information to be no longer representative and (b) the Early Opt-in Effective Date, so long as, in the
case of (a) or (b), a Benchmark Replacement has not as of such date replaced the Adjusted Eurocurrency Rate for Dollars pursuant
to Section 4.8(c)(i) as the result of an Other Benchmark Rate Election.

 

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

 

“U.S. Special Resolution
Regimes” has the meaning assigned thereto in Section 11.24.

 

“U.S.
Tax Compliance Certificate” has the meaning assigned thereto in Section 4.11(g).

 

“Variable Interest
Entity” means any of (i) a “variable interest entity”, as defined in ASC 810, which is required to be consolidated
under ASC 810, or (ii) a partnership or similar entity consolidated under the guidance of ASC 810 solely as a result of the application
of the former guidance of EITF 04-5, FIN 46R or FASB 167.

 

“Wells Fargo”
means Wells Fargo Bank, National Association, a national banking association.

 

“Wholly-Owned”
means, with respect to a Subsidiary, that all of the Equity Interests of such Subsidiary are, directly or indirectly, owned or controlled
by the Company and/or one or more of its Wholly-Owned Subsidiaries (except for directors’ qualifying shares or other shares required
by Applicable Law to be owned by a Person other than the Company and/or one or more of its Wholly-Owned Subsidiaries).

 

“Withholding Agent”
means the Borrower and the Administrative Agent.

 

“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.

 

“Yen” or
 “¥” means the lawful currency of Japan.

 

    39

     

    

 

SECTION 1.2         Other
Definitions and Provisions. With reference to this Agreement and each other Loan Document, unless otherwise specified herein or in
such other Loan Document: (a) the definitions of terms herein shall apply equally to the singular and plural forms of the terms defined,
(b) whenever the context may require, any pronoun shall include the corresponding masculine, feminine and neuter forms, (c) the
words “include”, “includes” and “including” shall be deemed to be followed by the phrase “without
limitation”, (d) the word “will” shall be construed to have the same meaning and effect as the word “shall”,
(e) any reference herein to any Person shall be construed to include such Person’s successors and assigns, (f) the words
 “herein”, “hereof” and “hereunder”, and words of similar import, shall be construed to refer to this
Agreement in its entirety and not to any particular provision hereof, (g) all references herein to Articles, Sections, Exhibits and
Schedules shall be construed to refer to Articles and Sections of, and Exhibits and Schedules to, this Agreement, (h) the words “asset”
and “property” shall be construed to have the same meaning and effect and to refer to any and all tangible and intangible
assets and properties, including cash, securities, accounts and contract rights, (i) 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 and (j) 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”.

 

SECTION 1.3         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 on a consistent basis, as in effect from time to time and in a manner consistent with that used in preparing the audited
financial statements required by Section 7.1(a), except as otherwise specifically prescribed herein. Notwithstanding
the foregoing or anything else to the contrary stated in this Agreement, for purposes of determining compliance with any covenant (including
the computation of any financial covenant) contained herein, (i) Indebtedness of the Company and its Subsidiaries shall be deemed
to be carried at 100% of the outstanding principal amount thereof, and the effects of FASB ASC 825 and FASB ASC 470-20 on financial liabilities
shall be disregarded, and (ii) any lease of the Company or any Subsidiary thereof, whether now existing or entered into in the future,
that would have been classified as a capital lease or an operating lease under guidance of FASB prior to its issuance of ASU 2016-02
will be treated as, respectively, a capital lease or operating lease of the Company or such Subsidiary for all purposes of this Agreement,
notwithstanding the issuance or the adoption of ASU 2016-02.

 

(b)            If
at any time any change in GAAP would affect the computation of any financial ratio or requirement set forth in any Loan Document, and
either the Company or the Required Lenders shall so request, the Administrative Agent, the Lenders and the Company shall negotiate in
good faith to amend such ratio or requirement to preserve the original intent thereof in light of such change in GAAP (subject to the
approval of the Required Lenders); provided that, until so amended, (i) such ratio or requirement shall continue to be computed
in accordance with GAAP prior to such change therein and (ii) the Company shall provide to the Administrative Agent and the Lenders
financial statements and other documents required under this Agreement or as reasonably requested hereunder setting forth a reconciliation
between calculations of such ratio or requirement made before and after giving effect to such change in GAAP.

 

SECTION 1.4         Rounding.
Any financial ratios required to be maintained pursuant to this Agreement shall be calculated by dividing the appropriate component by
the other component, carrying the result to one place more than the number of places by which such ratio or percentage 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 1.5         References
to Agreement and Laws. Unless otherwise expressly provided herein, (a) any definition or reference to formation documents, governing
documents, agreements (including the Loan Documents) and other contractual documents or 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 not prohibited by any Loan Document; and (b) any definition or reference to
any Applicable Law, including, without limitation, Anti-Corruption Laws, Anti-Money Laundering Laws, the Bankruptcy Code, the Code, the
Commodity Exchange Act, ERISA, the Exchange Act, the PATRIOT Act, the Securities Act, the UCC, the Investment Company Act, the Interstate
Commerce Act, the Trading with the Enemy Act of the United States or any of the foreign assets control regulations of the United States
Treasury Department, shall include all statutory and regulatory provisions consolidating, amending, replacing, supplementing or interpreting
such Applicable Law.

 

    40

     

    

 

SECTION 1.6         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 1.7         Letter
of Credit Amounts. Unless otherwise specified, all references herein to the amount of a Letter of Credit at any time shall be deemed
to mean the maximum face amount of such Letter of Credit after giving effect to all increases thereof contemplated by such Letter of Credit
or the Letter of Credit Application therefor (at the time specified therefor in such applicable Letter of Credit or Letter of Credit Application
and as such amount may be reduced by (a) any permanent reduction of such Letter of Credit or (b) any amount which is drawn,
reimbursed and no longer available under such Letter of Credit).

 

SECTION 1.8         Covenant
Compliance Generally. For purposes of determining compliance under any provision of Article VIII, any amount in a currency
other than Dollars will be converted to Dollars in a manner consistent with that used in calculating Consolidated Net Income in the most
recent annual financial statements of the Company and its Subsidiaries delivered pursuant to Section 7.1. Notwithstanding
the foregoing, for purposes of determining compliance with any provision of Article VIII, with respect to any amount of Indebtedness
in a currency other than Dollars, no breach of any basket contained in such article shall be deemed to have occurred solely as a result
of changes in rates of exchange occurring after the time such Indebtedness is incurred; provided that for the avoidance of doubt,
the foregoing provisions of this Section 1.8 shall otherwise apply to such article, including with respect to determining
whether any Indebtedness may be incurred at any time under such article.

 

SECTION 1.9         Rates.
The interest rate on Loans denominated in Dollars or an Alternative Currency may be determined by reference to a benchmark rate that is,
or may in the future become, the subject of regulatory reform or cessation. Regulators have signaled the need to use alternative reference
rates for some of these benchmark rates and, as a result, such benchmark rates may cease to comply with applicable laws and regulations,
may be permanently discontinued or the basis on which they are calculated may change. The London interbank offered rate, which may be
one of the benchmark rates with reference to which the interest rate on Loans may be determined, is intended to represent the rate at
which contributing banks may obtain short-term borrowings from each other in the London interbank market. On March 5, 2021, the ICE
Benchmark Administration (“IBA”), the administrator of the London interbank offered rate, and the Financial Conduct
Authority (the “FCA”), the regulatory supervisor of IBA, announced in public statements (the “Announcements”)
that the final publication or representativeness date for the London interbank offered rate for: (a) Sterling, Yen, Swiss Francs
and Euros will be December 31, 2021, (b) Dollars for 1-week and 2-month tenor settings will be December 31, 2021 and (c) Dollars
for overnight, 1-month, 3-month, 6-month and 12-month tenor settings will be June 30, 2023. No successor administrator for IBA was
identified in such Announcements. As a result, it is possible that commencing immediately after such dates, the London interbank offered
rate for such currencies and tenors may no longer be available or may no longer be deemed a representative reference rate upon which to
determine the interest rate on applicable Loans. There is no assurance that the dates set forth in the Announcements will not change or
that IBA or the FCA will not take further action that could impact the availability, composition or characteristics of any London interbank
offered rate. Public and private sector industry initiatives have been and continue, as of the date hereof, to be underway to implement
new or alternative reference rates to be used in place of London interbank offered rates. In the event that the London interbank offered
rate or any other then-current Benchmark is no longer available or in certain other circumstances set forth in Section 4.8(c),
such Section 4.8(c) provides a mechanism for determining an alternative rate of interest. The Administrative Agent will
notify the Company, pursuant to Section 4.8(c), of any change to the reference rate upon which the interest rate on Loans
is based. However, the Administrative Agent does not warrant or accept any responsibility for, and shall not have any liability with respect
to, (i) the continuation of, administration of, submission of, calculation of or any other matter related to the London interbank
offered rate, the rates in the definition of “Eurocurrency Rate” or any Benchmark, any component definition thereof or rates
referenced in the definition thereof or with respect to any alternative, successor or replacement rate thereto (including any then-current
Benchmark or any Benchmark Replacement), including whether the composition or characteristics of any such alternative, successor or replacement
rate (including any Benchmark Replacement), as it may or may not be adjusted pursuant to Section 4.8(c), will be similar to,
or produce the same value or economic equivalence of, or have the same volume or liquidity as, such Benchmark or any other Benchmark prior
to its discontinuance or unavailability, or (ii) the effect, implementation or composition of any Benchmark Replacement Conforming
Changes. The Administrative Agent and its Affiliates or other related entities may engage in transactions that affect the calculation
of a Benchmark, any alternative, successor or replacement rate (including any Benchmark Replacement) or any relevant adjustments thereto
and such transactions may be adverse to the Borrower. The Administrative Agent may select information sources or services in its reasonable
discretion to ascertain any Benchmark, any component definition thereof or rates referenced in the definition thereof, in each case pursuant
to the terms of this Agreement, and shall have no liability to the Borrower, any Lender or any other person or entity for damages of any
kind, including direct or indirect, special, punitive, incidental or consequential damages, costs, losses or expenses (whether in tort,
contract or otherwise and whether at law or in equity), for any error or calculation of any such rate (or component thereof) provided
by any such information source or service.

 

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SECTION 1.10       Divisions.
For all purposes under the Loan Documents, in connection with any division or plan of division under Delaware law (or any comparable event
under a different jurisdiction’s laws): (a) if any asset, right, obligation or liability of any Person becomes the asset, right,
obligation or liability of a different Person, then it shall be deemed to have been transferred from the original Person to the subsequent
Person, and (b) if any new Person comes into existence, such new Person shall be deemed to have been organized on the first date
of its existence by the holders of its Equity Interests at such time.

 

SECTION 1.11       Exchange
Rates; Currency Equivalents.

 

(a)    The
Administrative Agent shall determine the Dollar Equivalent amounts of Revolving Credit Loans denominated in Alternative Currencies. Such
Dollar Equivalent shall become effective as of such Revaluation Date and shall be the Dollar Equivalent of such amounts until the next
Revaluation Date to occur. Except for purposes of financial statements delivered by the Company hereunder or calculating financial covenants
hereunder or except as otherwise provided herein, the applicable amount of any Currency (other than Dollars) for purposes of the Loan
Documents shall be such Dollar Equivalent amount as so determined by the Administrative Agent.

 

(b)    Wherever
in this Agreement in connection with a borrowing, conversion, continuation or prepayment of an RFR Loan or Eurocurrency Rate Loan, an
amount, such as a required minimum or multiple amount, is expressed in Dollars, but such borrowing or Loan is denominated in an Alternative
Currency, such amount shall be the relevant Alternative Currency Equivalent of such Dollar amount (rounded to the nearest unit of such
Alternative Currency, with 0.5 of a unit being rounded upward), as determined by the Administrative Agent.

 

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SECTION 1.12       Change
of Currency.

 

The obligation of the Borrower
to make a payment denominated in the national currency unit of any member state of the European Union that adopts the Euro as its lawful
currency after the date hereof shall be redenominated into Euro at the time of such adoption (in accordance with the EMU Legislation).
If, in relation to the currency of any such member state, the basis of accrual of interest expressed in this Agreement in respect of that
currency shall be inconsistent with any convention or practice in the London interbank market for the basis of accrual of interest in
respect of the Euro, such expressed basis shall be replaced by such convention or practice with effect from the date on which such member
state adopts the Euro as its lawful currency; provided that if any borrowing in the currency of such member state is outstanding immediately
prior to such date, such replacement shall take effect, with respect to such borrowing, at the end of the then current Interest Period.

 

(b)            Each
provision of this Agreement shall be subject to such reasonable changes of construction as the Administrative Agent may from time to time
specify to be appropriate to reflect the adoption of the Euro by any member state of the European Union and any relevant market conventions
or practices relating to the Euro.

 

(c)            Each
provision of this Agreement also shall be subject to such reasonable changes of construction as the Administrative Agent may from time
to time specify to be appropriate to reflect a change in currency of any other country and any relevant market conventions or practices
relating to the change in currency.

 

SECTION 1.13       Additional
Alternative Currencies.

 

(a)            The
Borrower may from time to time request that Revolving Credit Loans be made in a currency other than those specifically listed in the definition
of “Alternative Currency”; provided that such requested currency is (A) a lawful currency (other than Dollars)
that is readily available and freely transferable and convertible into Dollars, (B) dealt with in the London or other applicable
offshore interbank deposit market and (C) for which no central bank or other governmental authorization in the country of issue of
such currency is required to give authorization for the use of such currency by any Lender for making Loans, unless such authorization
has been obtained and remains in full force and effect. In the case of any such request with respect to the making of Revolving Credit
Loans, such request shall be subject to the approval of the Administrative Agent and the Revolving Credit Lenders.

 

(b)            Any
such request shall be made to the Administrative Agent not later than 11:00 a.m., with respect to a request for an additional Alternative
Currency, twenty (20) Business Days prior to the date of the desired Revolving Credit Loan (or such other time or date as may be agreed
by the Administrative Agent in its sole discretion), and the Administrative Agent shall promptly notify each Revolving Credit Lender thereof.
Each Revolving Credit Lender shall notify the Administrative Agent, not later than 11:00 a.m., ten (10) Business Days after receipt
of such request whether it consents, in its sole discretion, to the making of Revolving Credit Loans in such requested currency. Any failure
by a Revolving Credit Lender to respond to such request within the time period specified in the preceding sentence shall be deemed to
be a refusal by such Lender to permit Revolving Credit Loans to be made in such requested currency. If the Administrative Agent and all
the Revolving Credit Lenders consent to making Revolving Credit Loans in such requested currency, the Administrative Agent shall so notify
the Borrower and such currency shall thereupon be deemed for all purposes to be an Alternative Currency hereunder for purposes of any
borrowings of Revolving Credit Loans. If the Administrative Agent shall fail to obtain consent to any request for an additional currency
under this Section 1.13, the Administrative Agent shall promptly so notify the Borrower.

 

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ARTICLE II

 

REVOLVING
CREDIT FACILITY

 

SECTION 2.1         Revolving
Credit Loans. Subject to the terms and conditions of this Agreement and the other Loan Documents, and in reliance upon the representations
and warranties set forth in this Agreement and the other Loan Documents, each Revolving Credit Lender severally agrees to make Revolving
Credit Loans in Dollars or in one or more Alternative Currencies to the Borrower from time to time from the Restatement Date to, but not
including, the Revolving Credit Maturity Date as requested by the Borrower in accordance with the terms of Section 2.3; provided,
that (a) the Revolving Credit Outstandings shall not exceed the Revolving Credit Commitment, and (b) the Revolving Credit Exposure
of any Revolving Credit Lender shall not at any time exceed such Revolving Credit Lender’s Revolving Credit Commitment. Each Revolving
Credit Loan by a Revolving Credit Lender shall be in a principal amount equal to such Revolving Credit Lender’s Revolving Credit
Commitment Percentage of the aggregate principal amount of Revolving Credit Loans requested on such occasion. Subject to the terms and
conditions hereof, the Borrower may borrow, repay and reborrow Revolving Credit Loans hereunder until the Revolving Credit Maturity Date.

 

SECTION 2.2         Swingline
Loans.

 

(a)            Availability.
Subject to the terms and conditions of this Agreement and the other Loan Documents, including, without limitation, Section 5.2(e) of
this Agreement, and in reliance upon the representations and warranties set forth in this Agreement and the other Loan Documents, the
Swingline Lender shall make Swingline Loans in Dollars to the Borrower from time to time from the Restatement Date to, but not including,
the Revolving Credit Maturity Date; provided, that (i) after giving effect to any amount requested, the Revolving Credit Outstandings
shall not exceed the Revolving Credit Commitment, (ii) the aggregate principal amount of all outstanding Swingline Loans (after giving
effect to any amount requested) shall not exceed the Swingline Commitment, and (iii) Swingline Loans may only be made to the Company
and may not be made to any Designated Borrower. Notwithstanding any provision herein to the contrary, the Swingline Lender and the Borrower
may agree that the Swingline Facility may be used to automatically draw and repay Swingline Loans (subject to the limitations set forth
herein) pursuant to cash management arrangements between the Borrower and the Swingline Lender (the “Sweep Arrangement”). 
Principal and interest on Swingline Loans deemed requested pursuant to the Sweep Arrangement shall be paid pursuant to the terms and conditions
agreed to between the Borrower and the Swingline Lender (without any deduction, setoff or counterclaim whatsoever). The borrowing and
disbursement provisions set forth in Section 2.3 and any other provision hereof with respect to the timing or amount of payments
on the Swingline Loans (other than Section 2.4(a)) shall not be applicable to Swingline Loans made and prepaid pursuant to
the Sweep Arrangement. Unless sooner paid pursuant to the provisions hereof or the provisions of the Sweep Arrangement, the principal
amount of the Swingline Loans shall be Paid in Full, together with accrued interest thereon, on the Revolving Credit Maturity Date.

 

(b)    Refunding.

 

(i)             The
Swingline Lender, at any time and from time to time in its sole and absolute discretion may (but not less frequently than once weekly),
on behalf of the Borrower (which hereby irrevocably directs the Swingline Lender to act on its behalf), by written notice given no later
than 11:00 a.m. on any Business Day request each Revolving Credit Lender to make, and each Revolving Credit Lender hereby agrees
to make, a Revolving Credit Loan in Dollars as a Base Rate Loan in an amount equal to such Revolving Credit Lender’s Revolving Credit
Commitment Percentage of the aggregate amount of the Swingline Loans outstanding on the date of such notice, to repay the Swingline Lender.
Each Revolving Credit Lender shall make the amount of such Revolving Credit Loan available to the Administrative Agent in Same Day Funds
at the Administrative Agent’s Office not later than 1:00 p.m. on the day specified in such notice. The proceeds of such Revolving
Credit Loans shall be immediately made available by the Administrative Agent to the Swingline Lender for application by the Swingline
Lender to the repayment of the Swingline Loans. No Revolving Credit Lender’s obligation to fund its respective Revolving Credit
Commitment Percentage of a Swingline Loan shall be affected by any other Revolving Credit Lender’s failure to fund its Revolving
Credit Commitment Percentage of a Swingline Loan, nor shall any Revolving Credit Lender’s Revolving Credit Commitment Percentage
be increased as a result of any such failure of any other Revolving Credit Lender to fund its Revolving Credit Commitment Percentage of
a Swingline Loan.

 

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(ii)            The
Borrower shall pay to the Swingline Lender on demand, and in any event on the Revolving Credit Maturity Date, in Same Day Funds the amount
of such Swingline Loans to the extent amounts received from the Revolving Credit Lenders are not sufficient to repay in full the outstanding
Swingline Loans requested or required to be refunded. In addition, the Borrower irrevocably authorizes the Administrative Agent to charge
any account maintained by the Borrower with the Swingline Lender (up to the amount available therein) in order to immediately pay the
Swingline Lender the amount of such Swingline Loans to the extent amounts received from the Revolving Credit Lenders are not sufficient
to repay in full the outstanding Swingline Loans requested or required to be refunded. If any portion of any such amount paid to the Swingline
Lender shall be recovered by or on behalf of the Borrower from the Swingline Lender in bankruptcy or otherwise, the loss of the amount
so recovered shall be ratably shared among all the Revolving Credit Lenders in accordance with their respective Revolving Credit Commitment
Percentages.

 

(iii)           If
for any reason any Swingline Loan cannot be refinanced with a Revolving Credit Loan pursuant to Section 2.2(b)(i), each Revolving
Credit Lender shall, on the date such Revolving Credit Loan was to have been made pursuant to the notice referred to in Section 2.2(b)(i),
purchase for cash an undivided participating interest in the then outstanding Swingline Loans by paying to the Swingline Lender an amount
(the “Swingline Participation Amount”) equal to such Revolving Lender’s Revolving Credit Commitment Percentage
of the aggregate principal amount of Swingline Loans then outstanding. Each Revolving Credit Lender will immediately transfer to the Swingline
Lender, in Same Day Funds, the amount of its Swingline Participation Amount. Whenever, at any time after the Swingline Lender has received
from any Revolving Credit Lender such Revolving Credit Lender’s Swingline Participation Amount, the Swingline Lender receives any
payment on account of the Swingline Loans, the Swingline Lender will distribute to such Revolving Credit Lender its Swingline Participation
Amount (appropriately adjusted, in the case of interest payments, to reflect the period of time during which such Lender’s participating
interest was outstanding and funded and, in the case of principal and interest payments, to reflect such Revolving Credit Lender’s
pro rata portion of such payment if such payment is not sufficient to pay the principal of and interest on all Swingline Loans then due);
provided that in the event that such payment received by the Swingline Lender is required to be returned, such Revolving Credit
Lender will return to the Swingline Lender any portion thereof previously distributed to it by the Swingline Lender.

 

(iv)          Each
Revolving Credit Lender’s obligation to make the Revolving Credit Loans referred to in Section  2.2(b)(i) and
to purchase participating interests pursuant to Section 2.2(b)(iii) shall be absolute and unconditional and shall not
be affected by any circumstance, including (A) any setoff, counterclaim, recoupment, defense or other right that such Revolving Credit
Lender or the Borrower may have against the Swingline Lender, the Borrower or any other Person for any reason whatsoever, (B) the
occurrence or continuance of a Default or an Event of Default or the failure to satisfy any of the other conditions specified in Article VI,
(C) any adverse change in the condition (financial or otherwise) of the Borrower, (D) any breach of this Agreement or any other
Loan Document by the Borrower or any other Revolving Credit Lender or (E) any other circumstance, happening or event whatsoever,
whether or not similar to any of the foregoing.

 

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(v)           If
any Revolving Credit Lender fails to make available to the Administrative Agent, for the account of the Swingline Lender, any amount required
to be paid by such Revolving Credit Lender pursuant to the foregoing provisions of this Section 2.2(b) by the time specified
in Section 2.2(b)(i) or 2.2(b)(iii), as applicable, the Swingline Lender shall be entitled to recover from such
Revolving Credit Lender (acting through the Administrative Agent), on demand, such amount with interest thereon for the period from the
date such payment is required to the date on which such payment is immediately available to the Swingline Lender at a rate per annum equal
to the Overnight Rate, plus any administrative, processing or similar fees customarily charged by the Swingline Lender in connection with
the foregoing. If such Revolving Credit Lender pays such amount (with interest and fees as aforesaid), the amount so paid shall constitute
such Revolving Credit Lender’s Revolving Credit Loan or Swingline Participation Amount, as the case may be. A certificate of the
Swingline Lender submitted to any Revolving Credit Lender (through the Administrative Agent) with respect to any amounts owing under this
clause (v) shall be conclusive absent manifest error.

 

(c)            Defaulting
Lenders. Notwithstanding anything to the contrary contained in this Agreement, this Section 2.2 shall be subject to the
terms and conditions of Section 4.14 and Section 4.15.

 

SECTION 2.3         Procedure
for Advances of Revolving Credit Loans and Swingline Loans.

 

(a)            Requests
for Borrowing. The Borrower shall give the Administrative Agent irrevocable prior written notice substantially in the form of Exhibit B
(a “Notice of Borrowing”) not later than (i) 11:00 a.m. on the same Business Day as each Base Rate Loan (other
than a Swingline Loan), (ii) 4:30 p.m. on the same Business Day as each Swingline Loan, and (iii) (A) in the case
of an RFR Loan denominated in Dollars, at least five (5) RFR Business Days before such RFR Loan, (B) in the case of a Eurocurrency
Rate Loan denominated in Dollars, at least three (3) Eurocurrency Banking Days before such Eurocurrency Rate Loan, (C) in the
case of an RFR Loan denominated in any Alternative Currency, at least five (5) RFR Business Days before such RFR Loan, and (D) in
the case of a Eurocurrency Rate Loan denominated in any Alternative Currency, at least four (4) Eurocurrency Banking Days before
such Eurocurrency Rate Loan (or five (5) Eurocurrency Banking Days in the case of a Special Notice Currency), of its intention to
borrow, in each case, specifying (A) the date of such borrowing, which shall be a Business Day, (B) the Currency of such borrowing,
(C) the amount of such borrowing, which shall be, (x) with respect to Base Rate Loans (other than Swingline Loans) in an aggregate
principal amount of $3,000,000 or a whole multiple of $1,000,000 in excess thereof, (y) with respect to Eurocurrency Rate Loans and
RFR Loans in an aggregate principal amount of $5,000,000 or a whole multiple of $1,000,000 in excess thereof and (z) with respect
to Swingline Loans in an aggregate principal amount of $500,000 or a whole multiple of $100,000 in excess thereof, (D) whether such
Loan is to be a Revolving Credit Loan or Swingline Loan, (E) in the case of a Revolving Credit Loan whether such Loan is to be a
Eurocurrency Rate Loan, an RFR Loan or a Base Rate Loan, and (F) in the case of a Eurocurrency Rate Loan or Term RFR Loan, the duration
of the Interest Period applicable thereto. If the Borrower fails to specify the Currency of a Loan in a Notice of Borrowing, then the
applicable Loans shall be made in Dollars. If the Borrower fails to specify a type of Loan denominated in Dollars in a Notice of Borrowing,
then the applicable Loans shall be made as Base Rate Loans. If the Borrower requests a borrowing of Eurocurrency Rate Loans or Term RFR
Loans in any such Notice of Borrowing, but fails to specify an Interest Period, it will be deemed to have specified an Interest Period
of one month. A Notice of Borrowing received after 11:00 a.m. in the case of each Base Rate Loan (other than a Swingline Loan), 4:30
p.m. in the case of each Swingline Loan, and 2:00 p.m. in the case of each Eurocurrency Rate Loan or Term RFR Loan shall be
deemed received on the next Business Day. The Administrative Agent shall promptly notify the Revolving Credit Lenders of each Notice of
Borrowing.

 

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(b)           Disbursement
of Revolving Credit and Swingline Loans. Not later than 1:00 p.m. in the case of any Loan denominated in Dollars and not later
than the Applicable Time specified by the Administrative Agent in the case of any Loan denominated in an Alternative Currency, in each
case on the proposed borrowing date, (i) each Revolving Credit Lender will make available to the Administrative Agent, for the account
of the Borrower, at the office of the Administrative Agent in Same Day Funds, in the applicable Currency, such Revolving Credit Lender’s
Revolving Credit Commitment Percentage of the Revolving Credit Loans to be made on such borrowing date and (ii) the Swingline Lender
will make available to the Administrative Agent, for the account of the Borrower, at the office of the Administrative Agent in Same Day
Funds, the Swingline Loans to be made on such borrowing date. The Borrower hereby irrevocably authorizes the Administrative Agent to disburse
the proceeds of each borrowing requested pursuant to this Section in Same Day Funds by crediting or wiring such proceeds to the deposit
account of the Borrower identified in the applicable Notice of Borrowing delivered by the Borrower to the Administrative Agent or as may
be otherwise agreed upon by the Borrower and the Administrative Agent from time to time. Subject to Section 4.7 hereof, the
Administrative Agent shall not be obligated to disburse the portion of the proceeds of any Revolving Credit Loan requested pursuant to
this Section to the extent that any Revolving Credit Lender has not made available to the Administrative Agent its Revolving Credit
Commitment Percentage of such Loan. Revolving Credit Loans to be made for the purpose of refunding Swingline Loans shall be made by the
Revolving Credit Lenders as provided in Section 2.2(b).

 

SECTION 2.4         Repayment
and Prepayment of Revolving Credit and Swingline Loans.

 

(a)            Repayment
on Termination Date. The Borrower hereby agrees to repay the outstanding principal amount of (i) all Revolving Credit Loans in
full on the Revolving Credit Maturity Date, and (ii) all Swingline Loans in accordance with Section 2.2(b) (but,
in any event, no later than the Revolving Credit Maturity Date), in each case, (x) in the Currency in which such Loan is denominated,
and (y) with all accrued but unpaid interest thereon.

 

(b)            Mandatory
Prepayments.

 

(i)             If
at any time the Revolving Credit Outstandings exceed the Revolving Credit Commitment, the Borrower agrees to repay immediately upon notice
from the Administrative Agent, by payment to the Administrative Agent for the account of the Revolving Credit Lenders, Extensions of Credit
in an amount equal to such excess with each such repayment applied first, to the principal amount of outstanding Swingline Loans,
second to the principal amount of outstanding Revolving Credit Loans, and third, with respect to any Letters of Credit then
outstanding, as a payment of Cash Collateral into a Cash Collateral account opened by the Administrative Agent, for the benefit of the
Revolving Credit Lenders, in an amount equal to such excess (such Cash Collateral to be applied in accordance with Section 9.2(b)).
In addition, if any Designated Borrower ceases to be a Subsidiary of the Company, then it shall immediately repay any outstanding Loans
made to it, together with any interest thereon and other amounts due hereunder in connection therewith.

 

(ii)            If
at any time the sum of the Dollar Equivalent of the total Revolving Credit Exposure shall exceed an amount equal to the aggregate Revolving
Credit Commitments, the Borrower agrees to repay immediately upon notice from the Administrative Agent, by payment to the Administrative
Agent for the account of the Revolving Credit Lenders, Revolving Credit Loans in an aggregate amount sufficient to reduce such amount
as of such date of payment to an amount not to exceed 100% of the aggregate Revolving Credit Commitments with each such repayment applied
first to the principal amount of outstanding Revolving Credit Loans and second as a payment of Cash Collateral into a Cash
Collateral account or Cash Collateral accounts opened by the Administrative Agent, for the benefit of the Revolving Credit Lenders (any
such Cash Collateral to be applied in accordance with Section 9.2(b)).

 

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(c)            Optional
Prepayments. The Borrower may at any time and from time to time prepay Revolving Credit Loans and Swingline Loans, in whole or in
part, without premium or penalty, with irrevocable prior written notice to the Administrative Agent substantially in the form attached
as Exhibit C (a “Notice of Prepayment”) given not later than 1:00 p.m. (i) on the same
Business Day as prepayment of each Base Rate Loan and each Swingline Loan and (ii) (A) in the case of an RFR Loan denominated
in Dollars, at least five (5) RFR Business Days before prepayment of such RFR Loan, (B) in the case of a Eurocurrency Rate Loan
denominated in Dollars, at least three (3) Eurocurrency Banking Days before prepayment of such Eurocurrency Rate Loan, (C) in
the case of an RFR Loan denominated in any Alternative Currency, at least five (5) RFR Business Days before prepayment of such RFR
Loan, and (D) in the case of a Eurocurrency Rate Loan denominated in any Alternative Currency, at least four (4) Eurocurrency
Banking Days before prepayment of such Eurocurrency Rate Loan (or five (5) Eurocurrency Banking Days in the case of a prepayment
of Eurocurrency Rate Loans denominated in a Special Notice Currency), in each case, specifying the date, Currency and amount of prepayment
and whether the prepayment is of Eurocurrency Rate Loans, RFR Loans, Base Rate Loans, Swingline Loans or a combination thereof, and, if
of a combination thereof, the amount allocable to each. Upon receipt of such notice, the Administrative Agent shall promptly notify each
Revolving Credit Lender. If any such notice is given, the amount specified in such notice shall be due and payable on the date set forth
in such notice. Partial prepayments shall be in an aggregate amount of $3,000,000 or a whole multiple of $1,000,000 in excess thereof
with respect to Base Rate Loans (other than Swingline Loans), $5,000,000 or a whole multiple of $1,000,000 in excess thereof with respect
to Eurocurrency Rate Loans or RFR Loans and $500,000 or a whole multiple of $100,000 in excess thereof with respect to Swingline Loans.
A Notice of Prepayment received after 11:00 a.m. shall be deemed received on the next Business Day. Each such repayment shall be
accompanied by any amount required to be paid pursuant to Section 4.9 hereof. Notwithstanding the foregoing, any Notice of
a Prepayment delivered in connection with any refinancing of all of the Credit Facility with the proceeds of such refinancing or of any
incurrence of Indebtedness or the occurrence of some other identifiable event or condition, may be, if expressly so stated to be, contingent
upon the consummation of such refinancing or incurrence or occurrence of such other identifiable event or condition and may be revoked
by the Borrower in the event such contingency is not met (provided that the failure of such contingency shall not relieve the Borrower
from its obligations in respect thereof under Section 4.9).

 

(d)            Limitation
on Prepayment of Eurocurrency Rate Loans and RFR Loans. The Borrower may not prepay any Eurocurrency Rate Loan or Term RFR Loan on
any day other than on the last day of the Interest Period applicable thereto, or any Daily Simple RFR Loan on any day other than an Interest
Payment Date therefor, unless such prepayment is accompanied by any amount required to be paid pursuant to Section 4.9 hereof.

 

SECTION 2.5         Permanent
Reduction of the Revolving Credit Commitment.

 

(a)            Voluntary
Reduction. The Borrower shall have the right at any time and from time to time, upon at least three (3) Business Days prior irrevocable
written notice to the Administrative Agent, to permanently reduce, without premium or penalty, (i) the entire Revolving Credit Commitment
at any time or (ii) portions of the Revolving Credit Commitment, from time to time, in an aggregate principal amount not less than
$1,000,000 or any whole multiple of $100,000 in excess thereof. Any reduction of the Revolving Credit Commitment shall be applied to the
Revolving Credit Commitment of each Revolving Credit Lender according to its Revolving Credit Commitment Percentage. All Commitment Fees
accrued until the effective date of any termination of the Revolving Credit Commitment shall be paid on the effective date of such termination.
Notwithstanding the foregoing, any notice to reduce the Revolving Credit Commitment delivered in connection with any refinancing of all
of the Credit Facility with the proceeds of such refinancing or of any incurrence of Indebtedness or the occurrence of some other identifiable
event or condition, may be, if expressly so stated to be, contingent upon the consummation of such refinancing or incurrence or occurrence
of such identifiable event or condition and may be revoked by the Borrower in the event such contingency is not met (provided that
the failure of such contingency shall not relieve the Borrower from its obligations in respect thereof under Section 4.9).

 

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(b)            Corresponding
Payment. Each permanent reduction permitted pursuant to this Section shall be accompanied by a payment of principal sufficient
to reduce the aggregate outstanding Revolving Credit Loans, Swingline Loans and L/C Obligations, as applicable, after such reduction to
the Revolving Credit Commitment as so reduced, and if the aggregate amount of all outstanding Letters of Credit exceeds the Revolving
Credit Commitment as so reduced, the Borrower shall be required to deposit Cash Collateral in a Cash Collateral account opened by the
Administrative Agent in an amount equal to such excess. Such Cash Collateral shall be applied in accordance with Section 9.2(b).
Any reduction of the Revolving Credit Commitment to zero shall be accompanied by payment of all outstanding Revolving Credit Loans and
Swingline Loans (and furnishing of Cash Collateral for all L/C Obligations in an amount equal to 103% of the aggregate then undrawn and
unexpired amount of all Letters of Credit) and shall result in the termination of the Revolving Credit Commitment and the Swingline Commitment
and the Revolving Credit Facility. If the reduction of the Revolving Credit Commitment requires the repayment of any Eurocurrency Rate
Loan or RFR Loan, such repayment shall be accompanied by any amount required to be paid pursuant to Section 4.9 hereof.

 

SECTION 2.6         Termination
of Revolving Credit Facility. The Revolving Credit Facility and the Revolving Credit Commitments shall terminate on the Revolving
Credit Maturity Date.

 

SECTION 2.7         Extension
of Revolving Credit Maturity Date.

 

(a)            On
no more than two (2) occasions prior to the Revolving Credit Maturity Date then in effect, the Company may request an extension of
the Revolving Credit Maturity Date for a period of one additional year by submitting a request for an extension to the Administrative
Agent (an “Extension Request”) no earlier than 90 days, but no later than 30 days prior to any anniversary of the Restatement
Date. The Extension Request must specify the date as of which the Lenders must respond to the Extension Request, which date shall not
be not later than 20 days after receipt of notice from the Administrative Agent of the Company’s request for an extension (the “Response
Date”). Promptly upon receipt of an Extension Request, the Administrative Agent shall notify each Lender of the contents thereof
and shall request each Lender to approve the Extension Request. Each Lender may, in its sole and absolute discretion, approve or deny
any Extension Request. Each Lender approving the Extension Request (an “Extending Lender”) shall deliver its written
consent no later than the Response Date and any Lender which has not responded to such Extension Request by the Response Date shall be
deemed to have declined it. The Administrative Agent shall provide written notice to the Company of the Lenders’ response no later
than 5 days prior to the applicable anniversary date. The Extending Lenders’ Revolving Credit Commitments (and the Revolving Credit
Maturity Date) shall be extended for one additional year after the Revolving Credit Maturity Date in effect at the time the Extension
Request is received, including the Revolving Credit Maturity Date as one of the days in the calculation of the days elapsed; provided
that (i) at least 50% of the Revolving Credit Commitment amount is extended or otherwise committed to by Extending Lenders and any
new lenders and (ii) the Company has delivered to the Administrative Agent (x) an Officer’s Certificate dated as of the
applicable anniversary date certifying that (A) the representations and warranties contained in Article VI are true and
correct in all material respects, except to the extent any such representation and warranty is qualified by materiality or reference to
Material Adverse Effect, in which case, such representation and warranty shall be true, correct and complete in all respects, as of such
date, except to the extent that such representations and warranties specifically refer to an earlier date, in which case they are true
and correct in all material respects (or all respects, as applicable) as of such earlier date, and (B) no Default or Event of Default
exists and (y) customary corporate authorization documents reasonably requested by the Administrative Agent. Otherwise, the Revolving
Credit Maturity Date then in effect shall not be extended.

 

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(b)            The
Revolving Credit Commitment of any Lender that declines an Extension Request or fails to approve an Extension Request on or prior to the
Response Date (a “Declining Lender”) shall be terminated on the Revolving Credit Maturity Date in effect at the time
such Extension Request is received (without regard to any extension by other Lenders) and the Borrower shall pay to such Declining Lender
all principal, interest, fees and other amounts owing to such Declining Lender on the Revolving Credit Maturity Date in effect at the
time such Extension Request is received (without regard to any extension by other Lenders). The Borrower shall have the right, on or prior
to the applicable anniversary date, to replace any Declining Lender with a third party financial institution reasonably acceptable to
the Administrative Agent and the Borrower in the manner set forth in Section 4.12(b).

 

SECTION 2.8         Designated
Borrowers.

 

(a)            Designated
Borrowers. The Company may at any time, not less than fifteen (15) Business Days’ prior to the date of delivery of a Notice
of Borrowing by or on behalf of the Applicant Borrower (or such shorter period as may be agreed by the Administrative Agent in its sole
discretion, provided that in no event shall such period be less than (i) three (3) Business Days if an Applicant Borrower
is a Domestic Subsidiary or (ii) five (5) Business Days if an Applicant Borrower is a Foreign Subsidiary), request to designate
any Subsidiary of the Company (an “Applicant Borrower”) as a Designated Borrower to receive Loans hereunder by delivering
to the Administrative Agent (which shall promptly deliver counterparts thereof to each Lender) a duly executed notice and agreement in
substantially the form of Exhibit H (a “Designated Borrower Request and Assumption Agreement”).
The parties hereto acknowledge and agree that prior to any Applicant Borrower becoming entitled to borrow loans under the Credit Facility
provided for herein (i) the Administrative Agent and the Lenders must each agree to such Applicant Borrower becoming a Designated
Borrower and no Lender shall have informed the Administrative Agent that any Applicable Law would result in such Lender not being permitted
to make Revolving Credit Loans to such Applicant Borrower and (ii) the Administrative Agent and the Lenders shall have received such
supporting resolutions, incumbency certificates, opinions of counsel and other documents or information, in form, content and scope reasonably
satisfactory to the Administrative Agent, as may be required by the Administrative Agent or the Required Lenders, and Notes signed by
such new Borrower to the extent any Lender so requires, including all such documentation and other information requested by the Administrative
Agent or the Required Lenders in order to comply with requirements of any Anti-Money Laundering Laws, including, without limitation, the
PATRIOT Act and any applicable “know your customer” rules and regulations and a Beneficial Ownership Certification (or
a certification that such Borrower qualifies for an express exclusion from the “legal entity customer” definition under the
Beneficial Ownership Regulations) in relation to it (the requirements in clauses (i) and (ii) hereof, the “Designated
Borrower Requirements”). If the Designated Borrower Requirements are met, the Administrative Agent shall send a notice in substantially
the form of Exhibit I (a “Designated Borrower Notice”) to the Company and the Lenders specifying
the effective date upon which the Applicant Borrower shall constitute a Designated Borrower for purposes hereof, whereupon each of the
Lenders agrees to permit such Designated Borrower to receive Loans hereunder, on the terms and conditions set forth herein, and each of
the parties agrees that such Designated Borrower shall be a Borrower for all purposes of this Agreement; provided that all Designated
Borrower Requirements shall have been satisfied at least three (3) Business Days prior to such effective date for any Domestic Subsidiary
and five (5) Business Days for any Foreign Subsidiary.

 

(b)            Obligations.
The Obligations owed by a Designated Borrower shall be several and not joint with the Obligations of the Company or of any other Designated
Borrower.

 

(c)            Appointment.
Each Subsidiary of the Company that is or becomes a “Designated Borrower” pursuant to this Section 2.8 hereby
irrevocably appoints the Company to act as its agent for all purposes of this Agreement and the other Loan Documents and agrees that (i) the
Company may execute such documents on behalf of such Designated Borrower as the Company deems appropriate in its sole discretion and each
Designated Borrower shall be obligated by all of the terms of any such document executed on its behalf, (ii) any notice or communication
delivered by the Administrative Agent or the Lender to the Company shall be deemed delivered to each Designated Borrower and (iii) the
Administrative Agent or the Lenders may accept, and be permitted to rely on, any document, instrument or agreement executed by the Company
on behalf of each of the Loan Parties.

 

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(d)            Termination
of Designated Borrower Status. Each Designated Borrower may only act in such capacity while it continues to be a Subsidiary of the
Company, and it shall immediately repay any outstanding Loans made to it at the time it ceases to be a Subsidiary if the Company in accordance
with Section 2.4(b) hereof.

 

ARTICLE III

 

LETTER
OF CREDIT FACILITY

 

SECTION 3.1     L/C
Facility.

 

(a)            Availability.
The Borrower may, upon written notice to the Administrative Agent, request any Revolving Credit Lender to issue, and, subject (unless
such Revolving Credit Lender is Wells Fargo) to the written approval of the Administrative Agent (not to be unreasonably withheld or delayed),
such Revolving Credit Lender (i) shall, if it is Wells Fargo, notwithstanding the fact that the aggregate L/C Obligations with respect
to such Letter of Credit and with respect to all other Letters of Credit issued by Wells Fargo, when aggregated with Wells Fargo’s
outstanding Revolving Loans and Swingline Loans, may exceed the amount of Wells Fargo’s Revolving Credit Commitment then in effect,
or (ii) may, if in its sole discretion it elects to do so, if it is another Lender, in each case on the terms and conditions set
forth herein and in reliance on the agreements of the Lenders set forth in Section 3.4(a), issue standby Letters of Credit
(in such capacity, an “Issuing Lender”). Letters of Credit may be issued on any Business Day from the Restatement Date
to, but not including the fifth (5th) Business Day prior to the Revolving Credit Maturity Date in such form as may be approved
from time to time by the applicable Issuing Lender; provided, that no Issuing Lender shall issue any Letter of Credit if, after
giving effect to such issuance, (x) the L/C Obligations would exceed the L/C Sublimit or (y) the Revolving Credit Outstandings
would exceed the Revolving Credit Commitment.

 

(b)            Terms
of Letters of Credit. Each Letter of Credit shall (i) be denominated in Dollars in a minimum amount of $250,000 (or such lesser
amount as agreed to by the applicable Issuing Lender and the Administrative Agent), (ii) expire on a date no more than twelve (12)
months (or such longer period as shall be agreed to by all the Lenders) after the date of issuance or last renewal of such Letter of Credit
(subject to automatic renewal for additional one (1) year periods (but not to a date later than the date set forth below) pursuant
to the terms of the Letter of Credit Application or other documentation acceptable to the applicable Issuing Lender), which date shall
be no later than the Revolving Credit Maturity Date; provided that any Letter of Credit may expire after the Revolving Credit Maturity
Date (each such Letter of Credit, an “Extended Letter of Credit”) subject to the requirements of Section 3.11,
and (iii) be subject to ISP, in the case of a standby Letter of Credit, in each case, as set forth in the Letter of Credit Application
or as determined by the applicable Issuing Lender and, to the extent not inconsistent therewith, the laws of the State of New York. No
Issuing Lender shall at any time be obligated to issue any Letter of Credit hereunder if (A) any order, judgment or decree of any
Governmental Authority or arbitrator issued after the Restatement Date shall by its terms purport to enjoin or restrain such Issuing Lender
from issuing such Letter of Credit, or any Applicable Law applicable to such Issuing Lender adopted after the Restatement Date or any
request or directive (whether or not having the force of law) from any Governmental Authority with jurisdiction over such Issuing Lender
made or issued after the Restatement Date shall prohibit, or request that such Issuing Lender refrain from, the issuance of letters of
credit generally or such Letter of Credit in particular or shall impose upon such Issuing Lender with respect to letters of credit generally
or such Letter of Credit in particular any restriction or reserve or capital requirement (for which such Issuing Lender is not otherwise
compensated) not in effect on the Restatement Date, or any unreimbursed loss, cost or expense that was not applicable, in effect or known
to such Issuing Lender as of the Restatement Date and that such Issuing Lender in good faith deems material to it, (B) the conditions
set forth in Section 5.2 are not satisfied, (C) the issuance of such Letter of Credit would violate one or more policies
of such Issuing Lender applicable to letters of credit generally or (D) the proceeds of which would be made available to any Person
(x) to fund any activity or business of or with any Sanctioned Person or in any Sanctioned Country or (y) in any manner that
would result in a violation of applicable Sanctions by any party to this Agreement. References herein to “issue” and derivations
thereof with respect to Letters of Credit shall also include extensions or modifications of any outstanding Letters of Credit, unless
the context otherwise requires. As of the Restatement Date, each of the Existing Letters of Credit shall constitute, for all purposes
of this Agreement and the other Loan Documents, a Letter of Credit issued and outstanding hereunder.

 

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(c)            Defaulting
Lenders. Notwithstanding anything to the contrary contained in this Agreement, Article III shall be subject to the terms
and conditions of Section 4.14 and Section 4.15.

 

SECTION 3.2     Procedure
for Issuance of Letters of Credit. The Borrower may from time to time request that any Issuing Lender issue a Letter of Credit by
delivering to such Issuing Lender at its applicable office (with a copy to the Administrative Agent at the Administrative Agent’s
Office) a Letter of Credit Application therefor, completed to the satisfaction of such Issuing Lender, and such other certificates, documents
and other papers and information as such Issuing Lender or the Administrative Agent may reasonably request. Upon receipt of any Letter
of Credit Application, the applicable Issuing Lender (i) shall, if it is Wells Fargo, or (ii) if it is another Lender, shall,
if in its sole discretion it elects to do so, process such Letter of Credit Application and the certificates, documents and other papers
and information delivered to it in connection therewith in accordance with its customary procedures and shall, subject to Section 3.1
and Article V, promptly issue the Letter of Credit requested thereby (but in no event shall such Issuing Lender be required
to issue any Letter of Credit earlier than three (3) Business Days after its receipt of the Letter of Credit Application therefor
and all such other certificates, documents and other papers and information relating thereto) by issuing the original of such Letter of
Credit to the beneficiary thereof or as otherwise may be agreed by such Issuing Lender and the Borrower. The applicable Issuing Lender
shall promptly furnish to the Borrower and the Administrative Agent a copy of such Letter of Credit and the Administrative Agent shall
promptly notify each Revolving Credit Lender of the issuance and upon request by any Lender, furnish to such Revolving Credit Lender a
copy of such Letter of Credit and the amount of such Revolving Credit Lender’s participation therein.

 

SECTION 3.3     Commissions
and Other Charges.

 

(a)            Letter
of Credit Commissions. Subject to Section 4.15(a)(iii)(B), the Borrower shall pay to the Administrative Agent, for the
account of the applicable Issuing Lender and the L/C Participants, a letter of credit commission with respect to each Letter of Credit
in the amount equal to the daily amount available to be drawn under such Letters of Credit times the Applicable Margin (determined, in
each case, on a per annum basis). Such commission shall be payable in Dollars quarterly in arrears on the last Business Day of each calendar
quarter, on the Revolving Credit Maturity Date and thereafter on demand of the Administrative Agent for any Extended Letter of Credit.
The Administrative Agent shall, promptly following its receipt thereof, distribute to the applicable Issuing Lender and the L/C Participants
all commissions received pursuant to this Section 3.3 in accordance with their respective Revolving Credit Commitment Percentages.

 

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(b)            Fronting
Fee. In addition to the foregoing commission, the Borrower shall pay directly to the applicable Issuing Lender, for its own account,
a fronting fee with respect to each Letter of Credit issued by such Issuing Lender as set forth in the Fee Letter executed by such Issuing
Lender. Such fronting fee shall be payable quarterly in arrears on the last Business Day of each calendar quarter commencing with the
first such date to occur after the issuance of such Letter of Credit, on the Revolving Credit Maturity Date and thereafter on demand of
the applicable Issuing Lender for any Extended Letter of Credit. For the avoidance of doubt, such fronting fee shall be applicable to
and paid upon each of the Existing Letters of Credit.

 

(c)            Other
Fees, Costs, Charges and Expenses. In addition to the foregoing fees and commissions, the Borrower shall pay or reimburse each Issuing
Lender for such normal and customary fees, costs, charges and expenses as are incurred or charged by such Issuing Lender in issuing, effecting
payment under, amending or otherwise administering any Letter of Credit issued by it. Such customary fees, costs, charges and expenses
are due and payable in Dollars on demand and are nonrefundable.

 

SECTION 3.4     L/C
Participations.

 

(a)            Each
Issuing Lender irrevocably agrees to grant and hereby grants to each L/C Participant, and, to induce each Issuing Lender to issue Letters
of Credit hereunder, each L/C Participant irrevocably agrees to accept and purchase and hereby accepts and purchases from each Issuing
Lender, on the terms and conditions hereinafter stated, for such L/C Participant’s own account and risk an undivided interest equal
to such L/C Participant’s Revolving Credit Commitment Percentage in each Issuing Lender’s obligations and rights under and
in respect of each Letter of Credit issued by it hereunder and the amount of each draft paid by such Issuing Lender thereunder. Each L/C
Participant unconditionally and irrevocably agrees with each Issuing Lender that, if a draft is paid under any Letter of Credit issued
by such Issuing Lender for which such Issuing Lender is not reimbursed in full by the Borrower through a Revolving Credit Loan or otherwise
in accordance with the terms of this Agreement, such L/C Participant shall pay to such Issuing Lender upon demand at such Issuing Lender’s
address for notices specified herein an amount equal to such L/C Participant’s Revolving Credit Commitment Percentage of the amount
of such draft, or any part thereof, which is not so reimbursed.

 

(b)            Upon
becoming aware of any amount required to be paid by any L/C Participant to any Issuing Lender pursuant to Section 3.4(a) in
respect of any unreimbursed portion of any payment made by such Issuing Lender under any Letter of Credit, issued by it, such Issuing
Lender shall notify the Administrative Agent of such unreimbursed amount and the Administrative Agent shall notify each L/C Participant
(with a copy to the applicable Issuing Lender) of the amount and due date of such required payment and such L/C Participant shall pay
to the Administrative Agent (which, in turn shall pay such Issuing Lender) the amount specified on the applicable due date. If any such
amount is paid to such Issuing Lender after the date such payment is due, such L/C Participant shall pay to such Issuing Lender on demand,
in addition to such amount, the product of (i) such amount, times (ii) the applicable Overnight Rate as determined by
the Administrative Agent during the period from and including the date such payment is due to the date on which such payment is immediately
available to such Issuing Lender, times (iii) a fraction the numerator of which is the number of days that elapse during such
period and the denominator of which is 360. A certificate of such Issuing Lender with respect to any amounts owing under this Section shall
be conclusive in the absence of manifest error. With respect to payment to such Issuing Lender of the unreimbursed amounts described in
this Section, if the L/C Participants receive notice that any such payment is due (A) prior to 1:00 p.m. on any Business Day,
such payment shall be due that Business Day, and (B) after 1:00 p.m. on any Business Day, such payment shall be due on the following
Business Day.

 

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(c)            Whenever,
at any time after any Issuing Lender has made payment under any Letter of Credit issued by it and has received from any L/C Participant
its Revolving Credit Commitment Percentage of such payment in accordance with this Section, such Issuing Lender receives any payment
related to such Letter of Credit (whether directly from the Borrower or otherwise), or any payment of interest on account thereof, such
Issuing Lender will distribute to such L/C Participant its pro rata share thereof; provided, that in the event that
any such payment received by such Issuing Lender shall be required to be returned by such Issuing Lender, such L/C Participant shall
return to such Issuing Lender the portion thereof previously distributed by such Issuing Lender to it.

 

(d)            Each
L/C Participant’s obligation to make the Revolving Credit Loans referred to in Section  3.4(b) and to purchase
participating interests pursuant to Section 3.4(a) shall be absolute and unconditional and shall not be affected by any
circumstance, including (i) any setoff, counterclaim, recoupment, defense or other right that such Revolving Credit Lender or the
Borrower may have against the Issuing Lender, the Borrower or any other Person for any reason whatsoever, (ii) the occurrence or
continuance of a Default or an Event of Default or the failure to satisfy any of the other conditions specified in Article VI,
(iii) any adverse change in the condition (financial or otherwise) of the Borrower, (iv) any breach of this Agreement or any
other Loan Document by the Borrower, or any other Revolving Credit Lender or (v) any other circumstance, happening or event whatsoever,
whether or not similar to any of the foregoing.

 

SECTION 3.5     Reimbursement
Obligation of the Borrower. In the event of any drawing under any Letter of Credit, the Borrower agrees to reimburse (either with
the proceeds of a Revolving Credit Loan as provided for in this Section or with funds from other sources), in Same Day Funds, the
applicable Issuing Lender for the amount of (a) such draft so paid and (b) any amounts referred to in Section 3.3(c) incurred
by such Issuing Lender in connection with such payment (x) not later than 3:00 p.m. on the date that such drawing is made, if
the Borrower shall have received notice of such drawing prior to 1:00 p.m. on such date or (y) if such notice has not been received
by the Borrower prior to such time on such date, not later than 3:00 p.m. on the Business Day immediately following the day that
the Borrower receives such notice, together, in the case of reimbursement under this clause (y), with one day’s interest at the
rate then applicable to Base Rate Loans. Unless the Borrower shall by 2:00 p.m. on the applicable reimbursement date notify such
Issuing Lender that the Borrower intends to reimburse such Issuing Lender for such drawing from other sources or funds, the Borrower shall
be deemed to have timely given a Notice of Borrowing to the Administrative Agent requesting that the Revolving Credit Lenders make a Revolving
Credit Loan as a Base Rate Loan on the applicable repayment date in the amount of (i) such draft so paid and (ii) any amounts
referred to in Section 3.3(c) incurred by such Issuing Lender in connection with such payment, and the Revolving Credit
Lenders shall make a Revolving Credit Loan denominated in Dollars as a Base Rate Loan in such amount, the proceeds of which shall be applied
to reimburse such Issuing Lender for the amount of the related drawing and such fees and expenses. Each Revolving Credit Lender acknowledges
and agrees that its obligation to fund a Revolving Credit Loan in accordance with this Section to reimburse such Issuing Lender for
any draft paid under a Letter of Credit issued by it is absolute and unconditional and shall not be affected by any circumstance whatsoever,
including, without limitation, non-satisfaction of the conditions set forth in Section 2.3(a) or Article VI.
If the Borrower has elected to pay the amount of such drawing with funds from other sources and shall fail to reimburse such Issuing Lender
as provided above, or if the amount of such drawing is not fully refunded through a Base Rate Loan as provided above, the unreimbursed
amount of such drawing shall bear interest at the rate which would be payable on any outstanding Base Rate Loans which were then overdue
from the date such amounts become payable (whether at stated maturity, by acceleration or otherwise) until payment in full.

 

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SECTION 3.6     Obligations
Absolute. The Borrower’s obligations under this Article III (including, without limitation, the Reimbursement Obligation)
shall be absolute and unconditional under any and all circumstances and irrespective of any setoff, counterclaim or defense to payment
which the Borrower may have or have had against the applicable Issuing Lender or any beneficiary of a Letter of Credit or any other Person.
The Borrower also agrees that the applicable Issuing Lender and the L/C Participants shall not be responsible for, and the Borrower’s
Reimbursement Obligation under Section 3.5 shall not be affected by, among other things, the validity or genuineness of documents
or of any endorsements thereon, even though such documents shall in fact prove to be invalid, fraudulent or forged, or any dispute between
or among the Borrower and any beneficiary of any Letter of Credit or any other party to which such Letter of Credit may be transferred
or any claims whatsoever of the Borrower against any beneficiary of such Letter of Credit or any such transferee. No Issuing Lender shall
be liable for any error, omission, interruption or delay in transmission, dispatch or delivery of any message or advice, however transmitted,
in connection with any Letter of Credit issued by it, except for errors, omissions, interruptions or delays caused by such Issuing Lender’s
gross negligence, willful misconduct or breach in bad faith of its obligations hereunder or under any other Loan Document, as determined
in each case by a court of competent jurisdiction by final nonappealable judgment. The Borrower agrees that any action taken or omitted
by any Issuing Lender under or in connection with any Letter of Credit issued by it or the related drafts or documents, if done in the
absence of gross negligence or willful misconduct shall be binding on the Borrower and shall not result in any liability of such Issuing
Lender or any L/C Participant to the Borrower. The responsibility of any Issuing Lender to the Borrower in connection with any draft presented
for payment under any Letter of Credit issued by it shall, in addition to any payment obligation expressly provided for in such Letter
of Credit, be limited to determining that the documents (including each draft) delivered under such Letter of Credit in connection with
such presentment substantially conforms to the requirements under such Letter of Credit.

 

SECTION 3.7     Effect
of Letter of Credit Application. To the extent that any provision of any Letter of Credit Application related to any Letter of Credit
is inconsistent with the provisions of this Article III, the provisions of this Article III shall apply.

 

SECTION 3.8     Removal
and Resignation of Issuing Lenders.

 

(a)    The
Borrower may at any time remove any Lender from its role as an Issuing Lender hereunder upon not less than thirty (30) days prior notice
to such Issuing Lender and the Administrative Agent (or such shorter period of time as may be acceptable to such Issuing Lender and the
Administrative Agent).

 

(b)    Any
Lender (other than Wells Fargo, the resignation of which shall be governed by Section 10.6(d)) may at any time resign from
its role as an Issuing Lender hereunder upon not less than thirty (30) days prior notice to the Borrower and the Administrative Agent
(or such shorter period of time as may be acceptable to the Borrower and the Administrative Agent).

 

(c)    Any
removed or resigning Issuing Lender shall retain all the rights, powers, privileges and duties of an Issuing Lender hereunder with respect
to all Letters of Credit issued by it that are outstanding as of the effective date of its removal or resignation as an Issuing Lender
and all L/C Obligations with respect thereto (including, without limitation, the right to require the Revolving Credit Lenders to take
such actions as are required under Section 3.4). Without limiting the foregoing, upon the removal or resignation of a Lender
as an Issuing Lender hereunder, the Borrower may, or at the request of such removed or resigned Issuing Lender the Borrower shall, use
commercially reasonable efforts to, arrange for one or more of the other Issuing Lenders to issue Letters of Credit hereunder in substitution
for the Letters of Credit, if any, issued by such removed or resigned Issuing Lender and outstanding at the time of such removal or resignation,
or make other arrangements reasonably satisfactory to the removed or resigned Issuing Lender to effectively cause another Issuing Lender
to assume the obligations of the removed or resigned Issuing Lender with respect to any such Letters of Credit.

 

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SECTION 3.9     Reporting
of Letter of Credit Information. At any time that there is an Issuing Lender that is not also the financial institution acting as
Administrative Agent, then (a) on the last Business Day of each calendar month, (b) on each date that a Letter of Credit is
amended, terminated or otherwise expires, (c) on each date that a Letter of Credit is issued or the expiry date of a Letter of Credit
is extended, and (d) upon the request of the Administrative Agent, each Issuing Lender (or, in the case of clauses (b), (c) or
(d) of this Section, the applicable Issuing Lender) shall deliver to the Administrative Agent a report setting forth in form and
detail reasonably satisfactory to the Administrative Agent information (including, without limitation, any reimbursement, Cash Collateral,
or termination in respect of Letters of Credit issued by such Issuing Lender) with respect to each Letter of Credit issued by such Issuing
Lender that is outstanding hereunder. No failure on the part of any Issuing Lender to provide such information pursuant to this Section 3.9
shall limit the obligations of the Borrower or any Revolving Credit Lender hereunder with respect to its reimbursement and participation
obligations hereunder.

 

SECTION 3.10     Letters
of Credit Issued for Subsidiaries. Notwithstanding that a Letter of Credit issued or outstanding hereunder is in support of any obligations
of, or is for the account of, a Subsidiary, the Borrower shall be obligated to reimburse, or to cause the applicable Subsidiary to reimburse,
the applicable Issuing Lender hereunder for any and all drawings under such Letter of Credit. The Borrower hereby acknowledges that the
issuance of Letters of Credit for the account of any of its Subsidiaries inures to the benefit of the Borrower and that the Borrower’s
business derives substantial benefits from the businesses of such Subsidiaries.

 

SECTION 3.11     Cash
Collateral for Extended Letters of Credit.

 

(a)            Cash
Collateralization. The Borrower shall provide Cash Collateral to each applicable Issuing Lender with respect to each Extended Letter
of Credit issued by such Issuing Lender (in an amount equal to 103% of the maximum face amount of each Extended Letter of Credit, calculated
in accordance with Section 1.7) by a date that is no later than five Business Days prior to the Revolving Credit Maturity
Date (or such later date as shall be determined by the Administrative Agent in its sole discretion) by depositing such amount in Same
Day Funds, in Dollars, into a cash collateral account maintained at the applicable Issuing Lender and shall enter into a cash collateral
agreement in form and substance reasonably satisfactory to such Issuing Lender and such other documentation as such Issuing Lender or
the Administrative Agent may reasonably request; provided that if the Borrower fails to provide Cash Collateral with respect to
any such Extended Letter of Credit by such time, such event shall be treated as a drawing under such Extended Letter of Credit in an amount
equal to 103% of the maximum face amount of each such Letter of Credit, calculated in accordance with Section 1.7, which shall
be reimbursed (or participations therein funded) in accordance with this Article III, with the proceeds of Revolving Credit
Loans (or funded participations) being utilized to provide Cash Collateral for such Letter of Credit (provided that for purposes of determining
the usage of the Revolving Credit Commitment any such Extended Letter of Credit that has been, or will concurrently be, Cash Collateralized
with proceeds of a Revolving Credit Loan, the portion of such Extended Letter of Credit that has been (or will concurrently be) so Cash
Collateralized will not be deemed to be utilization of the Revolving Credit Commitment). All Cash Collateral provided by the Borrower
to an Issuing Lender pursuant to this clause (a) with respect to any Extended Letter of Credit shall be returned by such Issuing
Lender to the Borrower upon termination or expiration of such Extended Letter of Credit and Payment in Full of all then outstanding Reimbursement
Obligations, if any, in respect thereof.

 

(b)            Grant
of Security Interest. The Borrower, and to the extent provided by the L/C Participants, each of such L/C Participants, hereby grants
to the applicable Issuing Lender of each Extended Letter of Credit, and agrees to maintain, a first priority security interest in, all
Cash Collateral required to be provided by this Section 3.11 as security for such Issuing Lender’s obligation to fund
draws under such Extended Letters of Credit, to be applied pursuant to subsection (c) below. If at any time the applicable Issuing
Lender determines that the Cash Collateral is subject to any right or claim of any Person other than such Issuing Lender as herein provided,
or that the total amount of such Cash Collateral is less than the amount required pursuant to subsection (a) above, the Borrower
will, promptly upon demand by such Issuing Lender, pay or provide to such Issuing Lender additional Cash Collateral in an amount sufficient
to eliminate such deficiency.

 

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(c)            Application.
Notwithstanding anything to the contrary contained in this Agreement or any other Loan Document, Cash Collateral provided under this Section 3.11
in respect of Extended Letters of Credit shall be applied to reimburse the applicable Issuing Lender for all drawings made under such
Extended Letters of Credit and any and all fees, expenses and charges incurred in connection therewith, prior to any other application
of such property as may otherwise be provided for herein.

 

(d)            Cash
Collateralized Letters of Credit. Subject to clause (e) below, if the Borrower has fully Cash Collateralized the applicable Issuing
Lender with respect to any Extended Letter of Credit issued by such Issuing Lender in accordance with subsections (a) through (c) above
and the Borrower and the applicable Issuing Lender have made arrangements between them with respect to the pricing and fees associated
therewith (each such Extended Letter of Credit, a “Cash Collateralized Letter of Credit”), then after the date of notice
to the Administrative Agent thereof by the applicable Issuing Lender and for so long as such Cash Collateral remains in place (i) such
Cash Collateralized Letter of Credit shall cease to be a “Letter of Credit” hereunder, (ii) such Cash Collateralized
Letter of Credit shall not constitute utilization of the Revolving Credit Commitment, (iii) no Revolving Credit Lender shall have
any further obligation to fund participations or Revolving Credit Loans to reimburse any drawing under any such Cash Collateralized Letter
of Credit, (iv) no Letter of Credit commissions under Section 3.3(a) shall be due or payable to the Revolving Credit
Lenders, or any of them, hereunder with respect to such Cash Collateralized Letter of Credit, and (v) any fronting fee, issuance
fee or other fee with respect to such Cash Collateralized Letter of Credit shall be as agreed separately between the Borrower and such
Issuing Lender.

 

(e)            Reinstatement.
The Borrower and each Revolving Credit Lender agree that, if any payment or deposit made by the Borrower or any other Person applied to
the Cash Collateral required under this Section 3.11 is at any time avoided, annulled, set aside, rescinded, invalidated,
declared to be fraudulent or preferential or otherwise required to be refunded or repaid, or is repaid in whole or in part pursuant to
a good faith settlement of a pending or threatened avoidance claim, or the proceeds of any such Cash Collateral are required to be refunded
by the applicable Issuing Lender to the Borrower or any Revolving Credit Lender or its respective estate, trustee, receiver or any other
Person, under any Applicable Law or equitable cause, then, to the extent of such payment or repayment, (i) the applicable Extended
Letter of Credit shall automatically be a “Letter of Credit” hereunder in a face amount equal to such payment or repayment
(each such Letter of Credit, a “Reinstated Letter of Credit”), (ii) such Reinstated Letter of Credit shall no
longer be deemed to be Cash Collateralized hereunder and shall constitute a utilization of the Revolving Credit Commitment, (iii) each
Revolving Credit Lender shall be obligated to fund participations or Revolving Credit Loans to reimburse any drawing under such Reinstated
Letter of Credit, (iv) Letter of Credit commissions under Section 3.3(a) shall accrue and be due and payable to
the Revolving Credit Lenders with respect to such Reinstated Letter of Credit and (v) the Borrower’s and each Revolving Credit
Lender’s liability hereunder shall be and remain in full force and effect, as fully as if such payment or deposit had never been
made, and, if prior thereto, this Agreement shall have been canceled, terminated, Paid in Full or otherwise extinguished, the provisions
of this Article III and all other rights and duties of the applicable Issuing Lender, the L/C Participants and the Borrower
with respect to such Reinstated Letter of Credit shall be reinstated in full force and effect, and such prior cancellation, termination,
payment or extinguishment shall not diminish, release, discharge, impair or otherwise affect the obligations of such Persons in respect
of such Reinstated Letter of Credit.

 

(f)            Survival.
With respect to any Extended Letter of Credit, each party’s obligations under this Article III and all other rights
and duties of the applicable Issuing Lender of such Extended Letter of Credit, the L/C Participants and the Borrower with respect to such
Extended Letter of Credit shall survive the resignation or replacement of the applicable Issuing Lender or any assignment of rights by
the applicable Issuing Lender, the termination of the Revolving Credit Commitments and the repayment, satisfaction or discharge of the
Obligations.

 

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ARTICLE IV

 

GENERAL
LOAN PROVISIONS

 

SECTION 4.1     Interest.

 

(a)    Interest
Rate Options. Revolving Credit Loans may be (i) with respect to Revolving Credit Loans denominated in Dollars, (A) Base
Rate Loans or (B)(I) prior to the USD LIBOR Transition Date, Eurocurrency Rate Loans or (II) on and after the USD LIBOR Transition
Date, RFR Loans, (ii) with respect to Revolving Credit Loans denominated in Euros or Yen or other Currencies (other than Dollars,
Sterling or Swiss Francs), Eurocurrency Rate Loans or (iii) with respect to Revolving Credit Loans denominated in Sterling or Swiss
Francs, RFR Loans, each as further provided herein. Subject to the provisions of this Section, at the election of the Borrower, Revolving
Credit Loans shall bear interest at (1) if such Revolving Credit Loans are denominated in Dollars, the Base Rate plus the
Applicable Margin or (2) if such Revolving Credit Loans are denominated in any Currency, the Benchmark for Obligations, interest,
fees, commissions or other amounts denominated in, or calculated with respect to, such Currency plus the Applicable Margin and
(y) any Swingline Loan shall bear interest at the Base Rate plus the Applicable Margin. The Borrower shall select the rate
of interest and Interest Period, if any, applicable to any Loan at the time a Notice of Borrowing is given or at the time a Notice of
Conversion/Continuation is given pursuant to Section 4.2.

 

(b)    Default
Rate. Subject to Section 9.3, (i) immediately upon the occurrence and during the continuance of an Event of Default
under Section 9.1(a), (f) or (g), or (ii) at the election of the Required Lenders (or the Administrative
Agent at the direction of the Required Lenders), upon the occurrence and during the continuance of any other Event of Default, (i) the
Borrower shall no longer have the option to request Eurocurrency Rate Loans, RFR Loans, Swingline Loans or Letters of Credit, (ii) all
outstanding Eurocurrency Rate Loans and Term RFR Loans shall bear interest at a rate per annum of two percent (2%) in excess of the rate
(including the Applicable Margin) then applicable to Eurocurrency Rate Loans or Term RFR Loans, as applicable, until the end of the applicable
Interest Period and shall automatically be converted to a Base Rate Loan denominated in Dollars (in an amount equal to the Dollar Equivalent
of the applicable Alternative Currency, if applicable) at the end of the applicable Interest Period therefor and shall, as of such conversion,
bear interest at a rate per annum of two percent (2%) in excess of the rate (including the Applicable Margin) then applicable to Base
Rate Loans, (iii) all Daily Simple RFR Loans shall automatically be converted to a Base Rate Loan denominated in Dollars (in an amount
equal to the Dollar Equivalent of the applicable Alternative Currency, if applicable) immediately and shall, as of such conversion, bear
interest at a rate per annum of two percent (2%) in excess of the rate (including the Applicable Margin) then applicable to Base Rate
Loans, (iv) all outstanding Base Rate Loans and other Obligations arising hereunder or under any other Loan Document shall bear interest
at a rate per annum equal to two percent (2%) in excess of the rate (including the Applicable Margin) then applicable to Base Rate Loans
or such other Obligations arising hereunder or under any other Loan Document, and (v) all accrued and unpaid interest shall be due
and payable on demand of the Administrative Agent. Interest shall continue to accrue on the Obligations after the filing by or against
the Borrower of any petition seeking any relief in bankruptcy or under any Debtor Relief Law.

 

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(c)    Interest
Payment and Computation. Interest on each Loan shall be due and payable in arrears on each Interest Payment Date applicable thereto
commencing June 30, 2021; provided that (i) in the event of any repayment or prepayment of any Eurocurrency Rate Loan
or Term RFR Loan, accrued interest on the principal amount repaid or prepaid shall be payable on the date of such repayment or prepayment
and (ii) in the event of any conversion of any Eurocurrency Rate Loan or Term RFR Loan prior to the end of the Interest Period therefor,
accrued interest on such Loan shall be payable on the effective date of such conversion. All computations of interest for Base Rate Loans
when the Base Rate is determined by the Prime Rate shall be made on the basis of a year of 365 or 366 days, as the case may be, and actual
days elapsed. All other computations of fees and interest provided hereunder shall be made on the basis of a 360-day year and actual
days elapsed (which results in more fees or interest, as applicable, being paid than if computed on the basis of a 365/366-day year),
except that interest on Loans denominated in any Alternative Currency as to which market practice differs from the foregoing shall be
computed in accordance with market practice for such Loans.

 

(d)    Maximum
Rate. In no contingency or event whatsoever shall the aggregate of all amounts deemed interest under this Agreement charged or collected
pursuant to the terms of this Agreement exceed the highest rate permissible under any Applicable Law which a court of competent jurisdiction
shall, in a final determination, deem applicable hereto. In the event that such a court determines that the Lenders have charged or received
interest hereunder in excess of the highest applicable rate, the rate in effect hereunder shall automatically be reduced to the maximum
rate permitted by Applicable Law and the Lenders shall at the Administrative Agent’s option (i) promptly refund to the Borrower
any interest received by the Lenders in excess of the maximum lawful rate or (ii) apply such excess to the principal balance of the
Obligations. It is the intent hereof that the Borrower not pay or contract to pay, and that neither the Administrative Agent nor any Lender
receive or contract to receive, directly or indirectly in any manner whatsoever, interest in excess of that which may be paid by the Borrower
under Applicable Law.

 

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SECTION 4.2     Notice
and Manner of Conversion or Continuation of Loans. Provided that no Default or Event of Default has occurred and is then continuing,
the Borrower shall have the option, subject to Section 4.1 to (a) convert at any time, subject to the notice requirements
herein, all or any portion of any outstanding Base Rate Loans (other than Swingline Loans) in a principal amount equal to $2,000,000 or
any whole multiple of $1,000,000 in excess thereof (or such lesser amount as shall represent all of the Base Rate Loans then outstanding)
into one or more Eurocurrency Rate Loans or, after the USD LIBOR Transition Date, RFR Loans, (b) in the case of a Eurocurrency Rate
Loan or Term RFR Loan denominated in Dollars, upon the expiration of any Interest Period, (i) convert all or any part of any such
outstanding Eurocurrency Rate Loans or Term RFR Loans in a principal amount equal to $1,000,000 or a whole multiple of $500,000 in excess
thereof (or such lesser amount as shall represent all of the Eurocurrency Rate Loans or Term RFR Loans, as applicable, denominated in
Dollars then outstanding) into Base Rate Loans (other than Swingline Loans) or (ii) continue any such Eurocurrency Rate Loans as
Eurocurrency Rate Loans or Term RFR Loans as Term RFR Loans, (c) in the case of a Daily Simple RFR Loan denominated in Dollars, upon
the occurrence of the Interest Payment Date therefor, (i) convert all or any part of any such outstanding Daily Simple RFR Loans
in a principal amount equal to $1,000,000 or a whole multiple of $500,000 in excess thereof (or such lesser amount as shall represent
all of the Daily Simple RFR Loans, as applicable, denominated in Dollars then outstanding) into Base Rate Loans or (ii) continue
any such Daily Simple RFR Loans as Daily Simple RFR Loans, (d) in the case of a Eurocurrency Rate Loan or Term RFR Loan denominated
in any Alternative Currency, upon the expiration of any Interest Period, continue any such Eurocurrency Rate Loans as Eurocurrency Rate
Loans or Term RFR Loans as Term RFR Loans and (e) in the case of a Daily Simple RFR Loan denominated in any Alternative Currency,
upon the occurrence of the Interest Payment Date therefor, continue any such Daily Simple RFR Loans as Daily Simple RFR Loans. Whenever
the Borrower desires to convert or continue Loans as provided above, the Borrower shall give the Administrative Agent irrevocable prior
written notice in the form attached as Exhibit E (a “Notice of Conversion/Continuation”) not later
than 11:00 a.m. (i) in the case of a Loan denominated in Dollars that is to be an RFR Loan, at least five (5) RFR Business
Days before the day on which a proposed conversion or continuation of such Loan is to be effective, (ii) in the case of a Loan denominated
in Dollars that is to be a Eurocurrency Rate Loan, at least three (3) Eurocurrency Banking Days before the day on which a proposed
conversion or continuation of such Loan is to be effective, (iii) in the case of a Loan denominated in any Alternative Currency that
is to be an RFR Loan, at least five (5) RFR Business Days before the day on which a proposed conversion or continuation of such Loan
is to be effective, and (iv) in the case of a Loan denominated in any Alternative Currency that is to be a Eurocurrency Rate Loan,
at least four (4) Eurocurrency Banking Days (or five (5) Eurocurrency Banking Days in the case of a Special Notice Currency)
before the day on which a proposed conversion or continuation of such Loan is to be effective, in each case, specifying (A) the Loans
to be converted or continued, and, in the case of any Eurocurrency Rate Loan or Term RFR Loan to be converted or continued, the last day
of the Interest Period therefor, (B) the effective date of such conversion or continuation (which shall be a Business Day), (C) the
principal amount and Currency of such Loans to be converted or continued, and (D) in the case of any Eurocurrency Rate Loan or Term
RFR Loan, the Interest Period to be applicable to such converted or continued Eurocurrency Rate Loan or Term RFR Loan. If the Borrower
fails to deliver a timely Notice of Conversion/Continuation with respect to a Daily Simple RFR Loan prior to the Interest Payment Date
therefor, then, unless such RFR Loan is repaid as provided herein, the Borrower shall be deemed to have selected that such RFR Loan shall
automatically be converted to a Base Rate Loan denominated in Dollars (in an amount equal to the Dollar Equivalent of the applicable Alternative
Currency, if applicable) as of such Interest Payment Date. If the Borrower fails to deliver a timely Notice of Conversion/Continuation
with respect to a Eurocurrency Rate Loan or a Term RFR Loan prior to the end of the Interest Period therefor, then, unless such Eurocurrency
Rate Loan or Term RFR Loan, as applicable, is repaid as provided herein, the Borrower shall be deemed to have selected that such Eurocurrency
Rate Loan or Term RFR Loan, as applicable, shall automatically be converted to a Base Rate Loan denominated in Dollars (in an amount equal
to the Dollar Equivalent of the applicable Alternative Currency) at the end of such Interest Period. If the Borrower requests a conversion
to, or continuation of, a Eurocurrency Rate Loan or a Term RFR Loan, but fails to specify an Interest Period, it will be deemed to have
specified an Interest Period of one month. Notwithstanding anything to the contrary herein, a Swingline Loan may not be converted to a
Eurocurrency Rate Loan or an RFR Loan. The Administrative Agent shall promptly notify the affected Lenders of such Notice of Conversion/Continuation.

 

SECTION 4.3     Fees.

 

(a)    Facility
Fee. Commencing on the Restatement Date, subject to Section 4.15(a)(iii)(A), the Borrower shall pay to the Administrative
Agent, for the account of the Revolving Credit Lenders, a non-refundable facility fee (the “Facility Fee”) in Dollars
at a rate per annum equal to the Applicable Margin on the Revolving Credit Commitment, regardless of usage. The Facility Fee shall be
payable in arrears on the last Business Day of each calendar quarter during the term of this Agreement commencing June 30, 2021,
and ending on the date upon which all Obligations (other than Unasserted Obligations) arising under the Revolving Credit Facility shall
have been Paid in Full, all Letters of Credit have been terminated or expired (or been Cash Collateralized) and the Revolving Credit
Commitment has been terminated. The Facility Fee shall be distributed by the Administrative Agent to the Revolving Credit Lenders pro rata
in accordance with the Revolving Credit Lenders’ respective Revolving Credit Commitment Percentages.

 

(b)    Other
Fees. The Borrower shall pay to the Arrangers and the Administrative Agent for their own respective accounts fees in the amounts and
at the times specified in their Fee Letters. The Borrower shall pay to the Lenders such fees as shall have been separately agreed upon
in writing in the amounts and at the times so specified.

 

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SECTION 4.4     Manner
of Payment. Except as otherwise expressly provided herein and except with respect to principal of and interest on Loans denominated
in an Alternative Currency or any amounts payable in an Alternative Currency, each payment by the Borrower on account of the principal
of or interest on the Loans or of any fee, commission or other amounts (including the Reimbursement Obligation) payable to the Lenders
under this Agreement shall be made not later than 1:00 p.m. on the date specified for payment under this Agreement to the Administrative
Agent at the Administrative Agent’s Office for the account of the Lenders entitled to such payment in Dollars, in Same Day Funds
and shall be made without any setoff, counterclaim or deduction whatsoever. Except as otherwise expressly provided herein, with respect
to principal of and interest on Loans denominated in an Alternative Currency or any amounts payable in an Alternative Currency, each
payment by the Borrower on account of the principal of or interest on the Loans or of any fee, commission or other amounts (including
the Reimbursement Obligation) payable to the Lenders under this Agreement shall be made not later than the Applicable Time specified
by the Administrative Agent on the date specified for payment under this Agreement to the Administrative Agent at the applicable Administrative
Agent’s Office for the account of the Lenders entitled to such payment in such Alternative Currency, in Same Day Funds and shall
be made without any setoff, counterclaim or deduction whatsoever. Any payment received after such time but before 2:00 p.m. (or,
with respect to a payment to be made in an Alternative Currency, the Applicable Time specified by the Administrative Agent) on such day
shall be deemed a payment on such date for the purposes of Section 10.1, but for all other purposes shall be deemed to have
been made on the next succeeding Business Day. Any payment received after 2:00 p.m. (or, with respect to a payment to be made in
an Alternative Currency, the Applicable Time specified by the Administrative Agent) shall be deemed to have been made on the next succeeding
Business Day for all purposes. Upon receipt by the Administrative Agent of each such payment, the Administrative Agent shall distribute
to each such Lender at its address for notices set forth herein its Commitment Percentage in respect of the relevant Credit Facility
(or other applicable share as provided herein) of such payment and shall wire advice of the amount of such credit to each Lender. Each
payment to the Administrative Agent on account of the principal of or interest on the Swingline Loans or of any fee, commission or other
amounts payable to the Swingline Lender shall be made in like manner, but for the account of the Swingline Lender. Each payment to the
Administrative Agent of any Issuing Lender’s fees or L/C Participants’ commissions shall be made in like manner, but for
the account of such Issuing Lender or the L/C Participants, as the case may be. Each payment to the Administrative Agent of Administrative
Agent’s fees or expenses shall be made for the account of the Administrative Agent and any amount payable to any Lender under Sections
4.9, 4.10, 4.11 or 11.3 shall be paid to the Administrative Agent for the account of the applicable Lender.
Subject to the definitions of Interest Period and Interest Payment Date, if any payment under this Agreement shall be specified to be
made upon a day which is not a Business Day, it shall be made on the next succeeding day which is a Business Day and such extension of
time shall in such case be included in computing any interest if payable along with such payment. Notwithstanding the foregoing, if there
exists a Defaulting Lender each payment by the Borrower to such Defaulting Lender hereunder shall be applied in accordance with Section 4.15(a)(ii).
Without limiting the generality of the foregoing, the Administrative Agent may require that any payments due under this Agreement be
made in the United States. If, for any reason, the Borrower is prohibited by any Applicable Law from making any required payment hereunder
in an Alternative Currency, such Borrower shall make such payment in Dollars in the Dollar Equivalent of the Alternative Currency payment
amount.

 

SECTION 4.5     Evidence
of Indebtedness.

 

(a)    Extensions
of Credit. The Extensions of Credit made by each Lender and each Issuing Lender shall be evidenced by one or more accounts or records
maintained by such Lender or such Issuing Lender and by the Administrative Agent in the ordinary course of business. The accounts or records
maintained by the Administrative Agent and each Lender or the applicable Issuing Lender shall be conclusive absent manifest error of the
amount of the Extensions of Credit made by the Lenders or such Issuing Lender to the Company and its Subsidiaries and the interest and
payments thereon. Any failure to so record or any error in doing so shall not, however, limit or otherwise affect the obligation of the
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 or any Issuing Lender and the accounts and records of the Administrative Agent in respect of such matters, the
accounts and records of the Administrative Agent shall control in the absence of manifest error. Upon the request of any Lender made through
the Administrative Agent, the Borrower shall execute and deliver to such Lender (through the Administrative Agent) a Revolving Credit
Note and/or Swingline Note, as applicable, which shall evidence such Lender’s Revolving Credit Loans and/or Swingline Loans, as
applicable, in addition to such accounts or records. Each Lender may attach schedules to its Notes and endorse thereon the date, amount
and maturity of its Loans and payments with respect thereto.

 

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(b)    Participations.
In addition to the accounts and records referred to in subsection (a), each Revolving Credit Lender and the Administrative Agent
shall maintain in accordance with its usual practice accounts or records evidencing the purchases and sales by such Revolving Credit Lender
of participations in Letters of Credit and Swingline Loans. In the event of any conflict between the accounts and records maintained by
the Administrative Agent and the accounts and records of any Revolving Credit Lender in respect of such matters, the accounts and records
of the Administrative Agent shall control in the absence of manifest error.

 

SECTION 4.6     Sharing
of Payments by Lenders. If any Lender shall, by exercising any right of setoff or counterclaim or otherwise, obtain payment in respect
of any principal of or interest on any of its Loans or other obligations hereunder resulting in such Lender’s receiving payment
of a proportion of the aggregate amount of its Loans and accrued interest thereon or other such obligations (other than pursuant to Sections
4.9, 4.10, 4.11 or 11.3) greater than its pro rata share thereof as provided herein, then the Lender receiving
such greater proportion shall (a) notify the Administrative Agent of such fact, and (b) purchase (for cash at face value) participations
in the Loans and such other obligations of the other Lenders, or make such other adjustments as shall be equitable, so that the benefit
of all such payments shall be shared by the Lenders ratably in accordance with the aggregate amount of principal of and accrued interest
on their respective Loans and other amounts owing them; provided that:

 

(i)             if
any such participations are purchased and all or any portion of the payment giving rise thereto is recovered, such participations shall
be rescinded and the purchase price restored to the extent of such recovery, without interest, and

 

(ii)            the
provisions of this paragraph shall not be construed to apply to (A) any payment made by the Borrower pursuant to and in accordance
with the express terms of this Agreement (including the application of funds arising from the existence of a Defaulting Lender), (B) the
application of Cash Collateral provided for in Section 3.11 or Section 4.14 or (C) any payment obtained by
a Lender as consideration for the assignment of, or sale of, a participation in any of its Loans or participations in Swingline Loans
and Letters of Credit to any assignee or participant, other than to the Borrower or any of its Subsidiaries or Affiliates (as to which
the provisions of this paragraph shall apply).

 

The Borrower consents to the foregoing and agrees,
to the extent it may effectively do so under Applicable Law, that any Lender acquiring a participation pursuant to the foregoing arrangements
may exercise against the Borrower rights of setoff and counterclaim with respect to such participation as fully as if such Lender were
a direct creditor of the Borrower in the amount of such participation.

 

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SECTION 4.7     Administrative
Agent’s Clawback.

 

(a)    Funding
by Lenders; Presumption by Administrative Agent. Unless the Administrative Agent shall have received notice from a Lender (i) in
the case of Base Rate Loans, not later than 12:00 noon on the date of any proposed borrowing and (ii) otherwise, prior to the proposed
date of any borrowing that such Lender will not make available to the Administrative Agent such Lender’s share of such borrowing,
the Administrative Agent may assume that such Lender has made such share available on such date in accordance with Section 2.3(b) and
may, in reliance upon such assumption, make available to the Borrower a corresponding amount. In such event, if a Lender has not in fact
made its share of the applicable borrowing available to the Administrative Agent, then the applicable Lender and the Borrower severally
agree to pay to the Administrative Agent forthwith on demand such corresponding amount in the applicable Currency with interest thereon,
for each day from and including the date such amount is made available to the Borrower to but excluding the date of payment to the Administrative
Agent, at (A) in the case of a payment to be made by such Lender, the applicable Overnight Rate and (B) in the case of a payment
to be made by the Borrower, the interest rate applicable to Base Rate Loans. If the Borrower and such Lender shall pay such interest
to the Administrative Agent for the same or an overlapping period, the Administrative Agent shall promptly remit to the Borrower the
amount of such 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.

 

(b)    Payments
by the Borrower; Presumptions by Administrative Agent. Unless the Administrative Agent shall have received notice from the Borrower
prior to the date on which any payment is due to the Administrative Agent for the account of the Lenders, the Issuing Lender or the Swingline
Lender hereunder that the Borrower will not make such payment, the Administrative Agent may assume that the Borrower has made such payment
on such date in accordance herewith and may, in reliance upon such assumption, distribute to the Lenders, the Issuing Lender or the Swingline
Lender, as the case may be, the amount due. In such event, if the Borrower has not in fact made such payment, then each of the Lenders,
the Issuing Lender or the Swingline Lender, as the case maybe, severally agrees to repay to the Administrative Agent forthwith on demand
the amount so distributed to such Lender, Issuing Lender or the Swingline Lender in the applicable Currency, with interest thereon,
for each day from and including the date such amount is distributed to it to but excluding the date of payment to the Administrative Agent,
at the applicable Overnight Rate.

 

(c)    Nature
of Obligations of Lenders. The obligations of the Lenders under this Agreement to make the Loans, to issue or participate in Letters
of Credit and to make payments under this Section, Section 4.11(e), Section 11.3(c) or Section 11.7,
as applicable, are several and are not joint or joint and several. The failure of any Lender to make available its Revolving Credit Commitment
Percentage of any Loan requested by the Borrower shall not relieve it or any other Lender of its obligation, if any, hereunder to make
its Revolving Credit Commitment Percentage of such Loan available on the borrowing date, but no Lender shall be responsible for the failure
of any other Lender to make its Revolving Credit Commitment Percentage of such Loan available on the borrowing date.

 

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SECTION 4.8
         Changed Circumstances.

 

(a)    Circumstances
Affecting Eurocurrency Rate, Daily Simple RFR and Term RFR Availability.

 

(i)            Subject
to clause (c) below, in connection with any RFR Loan or, on and after the USD LIBOR Transition Date, any Base Rate Loan, a request
therefor, a conversion to or a continuation thereof or otherwise, if for any reason (A) the Administrative Agent shall determine
(which determination shall be conclusive and binding absent manifest error) that (x) if Daily Simple RFR is utilized in any calculations
hereunder or under any other Loan Document with respect to any Obligations, interest, fees, commissions or other amounts, “Daily
Simple RFR” cannot be determined pursuant to the definition thereof or (y) if Term RFR is utilized in any calculations hereunder
or under any other Loan Document with respect to any Obligations, interest, fees, commissions or other amounts, “Term RFR”
cannot be determined pursuant to the definition thereof on or prior to the first day of any Interest Period or (B) the Administrative
Agent shall determine (which determination shall be conclusive and binding absent manifest error) that a fundamental change has occurred
in the foreign exchange markets with respect to an applicable Alternative Currency (including changes in national or international financial,
political or economic conditions or currency exchange rates or exchange controls), then the Administrative Agent shall promptly give notice
thereof to the Company. Upon notice thereof by the Administrative Agent to the Company, (A) any obligation of the Lenders to make
RFR Loans in each such Currency, and any right of the Borrower to convert any Loan in each such Currency (if applicable) or continue any
Loan as an RFR Loan is each such Currency, shall be suspended (to the extent of the affected RFR Loans or, in the case of Term RFR Loans,
the affected Interest Periods) until the Administrative Agent revokes such notice and (B) if such determination affects the calculation
of Base Rate, the Administrative Agent shall during the period of such suspension compute Base Rate without reference to clause (c) of
the definition of “Base Rate” until the Administrative Agent revokes such notice. Upon receipt of such notice, (A) the
Borrower may revoke any pending request for a borrowing of, conversion to or continuation of RFR Loans in each such affected Currency
(to the extent of the affected RFR Loans or, in the case of a Term RFR Loans, the affected Interest Periods) or, failing that, (I) in
the case of any request for a borrowing of an affected RFR Loan in Dollars, the Borrower will be deemed to have converted any such request
into a request for a borrowing of or conversion to Base Rate Loans in the amount specified therein and (II) in the case of any request
for a borrowing of an affected RFR Loan in an Alternative Currency, then such request shall be ineffective and (B)(I) any outstanding
affected RFR Loans denominated in Dollars will be deemed to have been converted into Base Rate Loans immediately or, in the case of Term
RFR Loans, at the end of the applicable Interest Period and (II) any outstanding affected RFR Loans denominated in an Alternative
Currency, at the Borrower’s election, shall either (1) be converted into Base Rate Loans denominated in Dollars (in an amount
equal to the Dollar Equivalent of such Alternative Currency) immediately or, in the case of Term RFR Loans, at the end of the applicable
Interest Period or (2) be prepaid in full, together with accrued interest thereon (subject to Section 4.1(d)), immediately
or, in the case of Term RFR Loans, at the end of the applicable Interest Period; provided that if no election is made by the Borrower
by the date that is three (3) Business Days after receipt by the Borrower of such notice or, in the case of Term RFR Loans, the last
day of the current Interest Period for the applicable RFR Loan, if earlier, the Borrower shall be deemed to have elected clause (1) above.
Upon any such prepayment or conversion, the Borrower shall also pay any additional amounts required pursuant to Section 4.9.

 

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(ii)            Subject
to clause (c) below, if, for any reason (x) on or prior to the first day of any Interest Period with respect to a Eurocurrency
Rate Loan or (y) prior to the USD LIBOR Transition Date, on any day with respect to a Base Rate Loan, in connection with a request
therefor, a conversion to or a continuation thereof or otherwise, (A) the Administrative Agent shall determine (which determination
shall be conclusive and binding absent manifest error) that deposits are not being offered to banks in the London or other applicable
offshore interbank market for the applicable Currency, amount and Interest Period of such Loan (or, with respect to any Base Rate Loan,
for a one month term), (B) the Administrative Agent shall determine (which determination shall be conclusive and binding absent manifest
error) that a fundamental change has occurred in the foreign exchange or interbank markets with respect to the applicable Alternative
Currency (including changes in national or international financial, political or economic conditions or currency exchange rates or exchange
controls), (C) the Administrative Agent shall determine (which determination shall be conclusive and binding absent manifest error)
that reasonable and adequate means do not exist for the ascertaining the Adjusted Eurocurrency Rate for such Currency and Interest Period,
including because the Screen Rate for the applicable Currency is not available or published on a current basis, or (D) the Required
Lenders shall determine (which determination shall be conclusive and binding absent manifest error) that the Adjusted Eurocurrency Rate
does not adequately and fairly reflect the cost to such Lenders of making or maintaining such Loans during such Interest Period and shall
have provided notice of such determination to the Administrative Agent, then the Administrative Agent shall promptly give notice thereof
to the Company. Thereafter, until the Administrative Agent notifies the Company that such circumstances no longer exist, (x) any
obligation of the Lenders to make Eurocurrency Rate Loans in each such Currency, and any right of the Borrower to convert any Loan in
each such Currency (if applicable) or continue any Loan as a Eurocurrency Rate Loan is each such Currency (in each case, to the extent
of the affected Eurocurrency Rate Loans or Interest Periods), shall be suspended and (I) any outstanding affected Eurocurrency Rate
Loans denominated in Dollars will be deemed to have been converted into Base Rate Loans at the end of the applicable Interest Period and
(II) any outstanding affected Eurocurrency Rate Loans denominated in an Alternative Currency, at the Borrower’s election, shall
either (1)  be converted into Base Rate Loans denominated in Dollars (in an amount equal to the Dollar Equivalent of such Alternative
Currency) at the end of the applicable Interest Period or (2) be prepaid in full, together with accrued interest thereon (subject
to Section 5.1(d)), at the end of the applicable Interest Period; provided that if no election is made by the Borrower
by the date that is three (3) Business Days after receipt by the Borrower of such notice or, in the case of Eurocurrency Rate Loans,
the last day of the current Interest Period for the applicable Eurocurrency Rate Loan, if earlier, the Borrower shall be deemed to have
elected clause (1) above, and (y) if such determination pursuant to Section 4.8(a)(ii) affects the calculation
of Base Rate, the Administrative Agent shall during the period of such suspension compute Base Rate without reference to clause (c) of
the definition of “Base Rate”. Upon any such prepayment or conversion, the Borrower shall also pay any additional amounts
required pursuant to Section 4.9.

 

(b)   Laws
Affecting Adjusted Eurocurrency Rate, Daily Simple RFR and Term RFR Availability. If, after the date hereof, the introduction of,
or any change in, any Applicable Law or any change in the interpretation or administration thereof by any Governmental Authority, central
bank or comparable agency charged with the interpretation or administration thereof, or compliance by any of the Lenders (or any of their
respective Lending Offices) with any request or directive (whether or not having the force of law) of any such Governmental Authority,
central bank or comparable agency, shall make it unlawful or impossible for any of the Lenders (or any of their respective Lending Offices)
to honor its obligations hereunder to make or maintain any Daily Simple RFR Loan, Term RFR Loan or Eurocurrency RFR Loan, or to determine
or charge interest based upon any applicable RFR, Daily Simple RFR, Term RFR, Eurocurrency Rate or Adjusted Eurocurrency Rate, such Lender
shall promptly give notice thereof to the Administrative Agent and the Administrative Agent shall promptly give notice to the Borrower
and the other Lenders. Thereafter, until the Administrative Agent notifies the Borrower that such circumstances no longer exist, (i) any
obligation of the Lenders to make RFR Loans or Eurocurrency Rate Loans, as applicable, in the affected Currency or Currencies, and any
right of the Borrower to convert any Loan denominated in Dollars to an RFR Loan or a Eurocurrency Rate Loan or continue any Loan as an
RFR Loan or a Eurocurrency Rate Loan, as applicable, in the affected Currency or Currencies shall be suspended and (ii) if necessary
to avoid such illegality, the Administrative Agent shall compute the Base Rate without reference to clause (c) of the definition
of “Base Rate”, in each case until each such affected Lender notifies the Administrative Agent and the Borrower that the
circumstances giving rise to such determination no longer exist. Upon receipt of such notice, (A) the Borrower shall, if necessary
to avoid such illegality, upon demand from any Lender (with a copy to the Administrative Agent), prepay or, if applicable, (I) convert
all RFR Loans or Eurocurrency Rate Loans denominated in Dollars to Base Rate Loans or (II) convert all RFR Loans or Eurocurrency
Rate Loans denominated in an affected Alternative Currency to Base Rate Loans denominated in Dollars (in an amount equal to the Dollar
Equivalent of such Alternative Currency) (in each case, if necessary to avoid such illegality, the Administrative Agent shall compute
the Base Rate without reference to clause (c) of the definition of “Base Rate”), (1) with respect to Daily Simple
RFR Loans, on the Interest Payment Date therefor, if all affected Lenders may lawfully continue to maintain such Daily Simple RFR Loans
to such day, or immediately, if any Lender may not lawfully continue to maintain such Daily Simple RFR Loans to such day or (2) with
respect to Eurocurrency Rate Loans or Term RFR Loans, on the last day of the Interest Period therefor, if all affected Lenders may lawfully
continue to maintain such Eurocurrency Rate Loans or Term RFR Loans, as applicable, to such day, or immediately, if any Lender may not
lawfully continue to maintain such Eurocurrency Rate Loans or Term RFR Loans, as applicable, to such day and (B) if necessary to
avoid such illegality, the Administrative Agent shall during the period of such suspension compute the Base Rate without reference to
clause (c) of the definition of “Base Rate”, in each case until the Administrative Agent is advised in writing by each
affected Lender that it is no longer illegal for such Lender to determine or charge interest rates based upon Daily Simple RFR, Term
RFR, the Eurocurrency Rate or Adjusted Eurocurrency Rate, as applicable. Upon any such prepayment or conversion, the Borrower shall also
pay any additional amounts required pursuant to Section 4.9.

 

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(c)    Benchmark
Replacement Setting.

 

(i)            Benchmark
Replacement.

 

(A)         Notwithstanding
anything to the contrary herein or in any other Loan Document, if the USD LIBOR Transition Date has occurred prior to the Reference Time
in respect of any setting of the Adjusted Eurocurrency Rate for Dollars, then (x) if a Benchmark Replacement is determined in accordance
with clause (b)(1) or (b)(2) of the definition of “Benchmark Replacement” for the USD LIBOR Transition Date, such
Benchmark Replacement will replace the then-current Benchmark with respect to Obligations, interest, fees, commissions or other amounts
denominated in, or calculated with respect to, Dollars for all purposes hereunder and under any Loan Document in respect of such Benchmark
setting and subsequent Benchmark settings without any amendment to, or further action or consent of any other party to, this Agreement
or any other Loan Document and (y) if a Benchmark Replacement is determined in accordance with clause (b)(3) of the definition
of “Benchmark Replacement” for the USD LIBOR Transition Date, such Benchmark Replacement will replace such Benchmark for all
purposes hereunder and under any Loan Document in respect of any Benchmark setting at or after 5:00 p.m. on the fifth (5th)
Business Day after the date notice of such Benchmark Replacement is provided to the Lenders without any amendment to, or further action
or consent of any other party to, this Agreement or any other Loan Document so long as the Administrative Agent has not received, by such
time, written notice of objection to such Benchmark Replacement from Lenders comprising the Required Lenders.

 

(B)          Notwithstanding
anything to the contrary herein or in any other Loan Document, upon the occurrence of a Benchmark Transition Event or an Other Benchmark
Rate Election, as applicable, with respect to any Benchmark, the Administrative Agent and the Borrower may amend this Agreement to replace
such Benchmark with a Benchmark Replacement. Any such amendment with respect to a Benchmark Transition Event or an Other Benchmark Rate
Election, as applicable, will become effective at 5:00 p.m. on the fifth (5th) Business Day after the Administrative
Agent has posted such proposed amendment to all affected Lenders and the Borrower so long as the Administrative Agent has not received,
by such time, written notice of objection to such amendment from Lenders comprising the Required Lenders. No replacement of a Benchmark
with a Benchmark Replacement pursuant to this Section 4.8(c)(i)(B) will occur prior to the applicable Benchmark Transition
Start Date.

 

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(C)          Notwithstanding
anything to the contrary herein or in any other Loan Document and subject to the proviso below in this paragraph, if a Term RFR Transition
Date has occurred prior to the Reference Time in respect of any setting of the then-current Benchmark consisting of a Daily Simple RFR
(including a Daily Simple RFR implemented as a Benchmark Replacement pursuant to Section 4.8(c)(i)(A) for Dollars or
Section 4.8(c)(i)(B) for the applicable Currency), then the applicable Benchmark Replacement will replace such Benchmark
for all purposes hereunder or under any Loan Document in respect of such Benchmark for the applicable Currency setting and subsequent
Benchmark settings, without any amendment to, or further action or consent of any other party to, this Agreement or any other Loan Document;
provided that this clause (C) shall not be effective unless the Administrative Agent has delivered to the Lenders and the
Borrower a Term RFR Notice with respect to the applicable Term RFR Transition Event. For the avoidance of doubt, the Administrative Agent
shall not be required to deliver a Term RFR Notice after a Term RFR Transition Event and may elect or not elect to do so in its sole discretion.

 

(ii)            Benchmark
Replacement Conforming Changes. In connection with the implementation of a Benchmark Replacement, the Administrative Agent will have
the right to make Benchmark Replacement Conforming Changes from time to time and, notwithstanding anything to the contrary herein or in
any other Loan Document, any amendments implementing such Benchmark Replacement Conforming Changes will become effective without any further
action or consent of any other party to this Agreement or any other Loan Document.

 

(iii)          Notices;
Standards for Decisions and Determinations. The Administrative Agent will promptly notify the Borrower and the Lenders of (A) the
implementation of any Benchmark Replacement, (B) the effectiveness of any Benchmark Replacement Conforming Changes, and (C) the
commencement or conclusion of any Benchmark Unavailability Period. The Administrative Agent will promptly notify the Borrower of the
removal or reinstatement of any tenor of a Benchmark pursuant to Section 4.8(c)(iv). Any determination, decision or election
that may be made by the Administrative Agent or, if applicable, any Lender (or group of Lenders) pursuant to this Section 4.8(c),
including any determination with respect to a tenor, rate or adjustment or of the occurrence or non-occurrence of an event, circumstance
or date and any decision to take or refrain from taking any action or any selection, will be conclusive and binding absent manifest error
and may be made in its or their sole discretion and without consent from any other party to this Agreement or any other Loan Document,
except, in each case, as expressly required pursuant to this Section 4.8(c).

 

(iv)          Unavailability
of Tenor of Benchmark. Notwithstanding anything to the contrary herein or in any other Loan Document, at any time (including in connection
with the implementation of a Benchmark Replacement), (A) if any then-current Benchmark is a term rate (including any Term RFR or
Adjusted Eurocurrency Rate) and either (I) any tenor for such Benchmark is not displayed on a screen or other information service
that publishes such rate from time to time as selected by the Administrative Agent in its reasonable discretion or (II) the regulatory
supervisor for the administrator of such Benchmark has provided a public statement or publication of information announcing that any tenor
for such Benchmark is or will be no longer representative, then the Administrative Agent may modify the definition of “Interest
Period” (or any similar or analogous definition) for any Benchmark settings at or after such time to remove such unavailable or
non-representative tenor and (B) if a tenor that was removed pursuant to clause (A) above either (I) is subsequently displayed
on a screen or information service for a Benchmark (including a Benchmark Replacement) or (II) is not, or is no longer, subject to
an announcement that it is or will no longer be representative for a Benchmark (including a Benchmark Replacement), then the Administrative
Agent may modify the definition of “Interest Period” (or any similar or analogous definition) for all Benchmark settings at
or after such time to reinstate such previously removed tenor.

 

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(v)           Benchmark
Unavailability Period. Upon the Borrower’s receipt of notice of the commencement of a Benchmark Unavailability Period with respect
to a given Benchmark, the Borrower may revoke any pending request for a borrowing of, conversion to or continuation of RFR Loans or Eurocurrency
Rate Loans, in each case, to be made, converted or continued during any Benchmark Unavailability Period denominated in the applicable
Currency and, failing that, (A)(I) in the case of any request for any affected RFR Loans or a Eurocurrency Rate Loans, in each case,
denominated in Dollars, if applicable, the Borrower will be deemed to have converted any such request into a request for a borrowing of
or conversion to Base Rate Loans in the amount specified therein and (II) in the case of any request for any affected RFR Loan or
Eurocurrency Rate Loan, in each case, in an Alternative Currency, if applicable, then such request shall be ineffective and (B)(I) any
outstanding affected RFR Loans or Eurocurrency Rate Loans, in each case, denominated in Dollars, if applicable, will be deemed to have
been converted into Base Rate Loans immediately or, in the case of Term RFR Loans or Eurocurrency Rate Loans, at the end of the applicable
Interest Period and (II) any outstanding affected RFR Loans or Eurocurrency Rate Loans, in each case, denominated in an Alternative
Currency, at the Borrower’s election, shall either (1) be converted into Base Rate Loans denominated in Dollars (in an amount
equal to the Dollar Equivalent of such Alternative Currency) immediately or, in the case of Term RFR Loans or Eurocurrency Rate Loans,
at the end of the applicable Interest Period or (2) be prepaid in full immediately or, in the case of Term RFR Loans or Eurocurrency
Rate Loans, at the end of the applicable Interest Period; provided that, with respect to any Daily Simple RFR Loan, if no election
is made by the Borrower by the date that is three (3) Business Days after receipt by the Borrower of such notice, the Borrower shall
be deemed to have elected clause (1) above; provided, further that, with respect to any Eurocurrency Rate Loan or Term RFR
Loan, if no election is made by the Borrower by the earlier of (x) the date that is three (3) Business Days after receipt by
the Borrower of such notice and (y) the last day of the current Interest Period for the applicable Eurocurrency Rate Loan or Term
RFR Loan, the Borrower shall be deemed to have elected clause (1) above. Upon any such prepayment or conversion, the Borrower shall
also pay accrued interest on the amount so prepaid or converted, together with any additional amounts required pursuant to Section 4.9.
During a Benchmark Unavailability Period with respect to any Benchmark or at any time that a tenor for any then-current Benchmark is not
an Available Tenor, the component of Base Rate based upon the then-current Benchmark that is the subject of such Benchmark Unavailability
Period or such tenor for such Benchmark, as applicable, will not be used in any determination of Base Rate.

 

(d)   Illegality.
If, in any applicable jurisdiction, the Administrative Agent, any Issuing Lender or any Lender determines that any Applicable Law has
made it unlawful, or that any Governmental Authority has asserted that it is unlawful, for the Administrative Agent, any Issuing Lender
or any Lender to (i) perform any of its obligations hereunder or under any other Loan Document, (ii) to fund or maintain its
participation in any Loan or (iii) issue, make, maintain, fund or charge interest or fees with respect to any Extension of Credit
to any Borrower that is a Foreign Subsidiary, such Person shall promptly notify the Administrative Agent, then, upon the Administrative
Agent notifying the Borrower, and until such notice by such Person is revoked, any obligation of such Person to issue, make, maintain,
fund or charge interest or fees with respect to any such Extension of Credit shall be suspended, and to the extent required by Applicable
Law, cancelled. Upon receipt of such notice, the Credit Parties shall, (A) repay that Person’s participation in the Loans
or other applicable Obligations on the applicable Interest Payment Date for any Daily Simple RFR Loan or on last day of the Interest
Period for any Eurocurrency Rate Loan or Term RFR Loan, or on another applicable date with respect to another Obligation, occurring after
the Administrative Agent has notified the Borrower or, in each case, if earlier, the date specified by such Person in the notice delivered
to the Administrative Agent (being no earlier than the last day of any applicable grace period permitted by Applicable Law) and (B) take
all reasonable actions requested by such Person to mitigate or avoid such illegality.

 

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(e)   Alternative
Currencies. If, after the designation by the Lenders of any currency as an Alternative Currency, any change in currency controls
or exchange regulations or any change in national or international financial, political or economic conditions are imposed in the country
in which such currency is issued, and such change results in, in the reasonable opinion of the Administrative Agent (a) such currency
no longer being readily available, freely transferable and convertible into Dollars, (b) a Dollar Equivalent no longer being readily
calculable with respect to such currency, (c) such currency being impracticable for the Lenders to loan or (d) such currency
no longer being a currency in which the Required Lenders are willing to make Revolving Credit Loans (each of clauses (a), (b), (c) and
(d), a “Disqualifying Event”), then the Administrative Agent shall promptly notify the Lenders and the Borrower, and
such currency shall no longer be an Alternative Currency until such time as the Disqualifying Event(s) no longer exist. Within five
(5) Business Days after receipt of such notice from the Administrative Agent, the Borrower shall repay all Loans denominated in
such currency to which the Disqualifying Event(s) apply or convert such Loans into the Dollar Equivalent in Dollars, bearing interest
at the Base Rate, subject to the other terms contained herein.

 

SECTION 4.9         Indemnity.
The Borrower hereby indemnifies each of the Lenders against any loss, cost or expense (including any loss, cost or expense arising from
the liquidation or reemployment of funds) which may arise, be attributable to or result due to or as a consequence of (a) any failure
by the Borrower to make any payment when due of any amount due hereunder in connection with an RFR Loan or a Eurocurrency Rate Loan,
(b) any failure of the Borrower (other than as a result of a default by a Lender) to borrow or continue an RFR Loan or a Eurocurrency
Rate Loan or convert to an RFR Loan or a Eurocurrency Rate Loan on a date specified therefor in a Notice of Borrowing or Notice of Conversion/Continuation,
(c) any failure of the Borrower to prepay any RFR Loan or Eurocurrency Rate Loan on a dated specified therefor in any Notice of
Prepayment (regardless of whether any such Notice of Prepayment may be revoked under Section 2.4(c) or Section 4.4(a) and
is revoked in accordance therewith), (d) any payment, prepayment or conversion of any Daily Simple RFR Loan on a date other than
on the Interest Payment Date therefor (including as a result of an Event of Default) or Term RFR Loan or a Eurocurrency Rate Loan on
a date other than the last day of the Interest Period therefor (including as a result of an Event of Default) or (e) the assignment
of any Daily Simple RFR Loan other than on the Interest Payment Date therefor or any Eurocurrency Rate Loan or Term RFR Loan other than
on the last day of the Interest Period applicable thereto as a result of a request by the Borrower pursuant to Section 4.12(b).
In the case of a Eurocurrency Rate Loan, the amount of such loss or expense shall be determined, in the applicable Lender’s reasonable
discretion, based upon the assumption that such Lender funded its Commitment Percentage of the Eurocurrency Rate Loans in the London
or other applicable offshore interbank market for such Currency, whether or not such Eurocurrency Rate Loan was in fact so funded, and
using any reasonable attribution or averaging methods which such Lender deems appropriate and practical. A certificate of such Lender
setting forth the reasonable basis for determining such amount or amounts necessary to compensate such Lender shall be forwarded to the
Borrower through the Administrative Agent and shall be conclusively presumed to be correct save for manifest error. All of the obligations
of the Credit Parties under this Section 4.9 shall survive the resignation or replacement of the Administrative Agent or
any assignment of rights by, or the replacement of, a Lender, the termination of the Commitments and the repayment, satisfaction or discharge
of all obligations under any Loan Document.

 

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SECTION 4.10        Increased
Costs.

 

(a)    Increased
Costs Generally. If any Change in Law shall:

 

(i)             impose,
modify or deem applicable any reserve (including pursuant to regulations issued from time to time by the FRB for determining the maximum
reserve requirement (including any emergency, special, supplemental or other marginal reserve requirement) with respect to eurocurrency
funding (currently referred to as “Eurocurrency liabilities” in Regulation D of the FRB, as amended and in effect from time
to time)), special deposit, compulsory loan, insurance charge or similar requirement against assets of, deposits with or for the account
of, or advances, loans or other credit extended or participated in by, any Lender (except any reserve requirement reflected in the Adjusted
Eurocurrency Rate) or any Issuing Lender;

 

(ii)           subject
any Recipient to any Taxes (other than (A) Indemnified Taxes, (B) Taxes described in clauses (b) through (d) of the
definition of Excluded Taxes and (C) Connection Income Taxes) on its loans, loan principal, letters of credit, commitments, or other
obligations, or its deposits, reserves, other liabilities or capital attributable thereto; or

 

(iii)           impose
on any Lender or any Issuing Lender any other condition, cost or expense (other than Taxes) affecting this Agreement or Loans made by
such Lender or any Letter of Credit or participation therein;

 

and the result of any of the foregoing shall be
to increase the cost to such Lender, the Issuing Lender or such other Recipient of making, converting to, continuing or maintaining any
Loan (or of maintaining its obligation to make any such Loan), or to increase the cost to such Lender, such Issuing Lender or such other
Recipient of participating in, issuing or maintaining any Letter of Credit (or of maintaining its obligation to participate in or to issue
any Letter of Credit), or to reduce the amount of any sum received or receivable by such Lender, such Issuing Lender or such other Recipient
hereunder (whether of principal, interest or any other amount) then, upon written request of such Lender, such Issuing Lender or other
Recipient, the Company shall promptly pay or cause the applicable Designated Borrower to pay to any such Lender, such Issuing Lender or
other Recipient, as the case may be, such additional amount or amounts as will compensate such Lender, such Issuing Lender or other Recipient,
as the case may be, for such additional costs incurred or reduction suffered.

 

(b)   Capital
Requirements. If any Lender or any Issuing Lender determines that any Change in Law affecting such Lender or such Issuing Lender
or any Lending Office of such Lender or such Lender’s or such Issuing Lender’s holding company, if any, regarding capital
or liquidity requirements, has or would have the effect of reducing the rate of return on such Lender’s or such Issuing Lender’s
capital or on the capital of such Lender’s or such Issuing Lender’s holding company, if any, as a consequence of this Agreement,
the Revolving Credit Commitment of such Lender or the Loans made by, or participations in Letters of Credit or Swingline Loans held by,
such Lender, or the Letters of Credit issued by such Issuing Lender, to a level below that which such Lender or such Issuing Lender or
such Lender’s or such Issuing Lender’s holding company could have achieved but for such Change in Law (taking into consideration
such Lender’s or such Issuing Lender’s policies and the policies of such Lender’s or such Issuing Lender’s holding
company with respect to capital adequacy and liquidity), then from time to time upon written request of such Lender or such Issuing Lender
the Company shall promptly pay or cause the applicable Designated Borrower to pay to such Lender or such Issuing Lender, as the case
may be, such additional amount or amounts as will compensate such Lender or such Issuing Lender or such Lender’s or such Issuing
Lender’s holding company for any such reduction suffered.

 

(c)    Certificates
for Reimbursement. A certificate of a Lender, or an Issuing Lender or such other Recipient setting forth the amount or amounts necessary
to compensate such Lender or such Issuing Lender, such other Recipient or any of their respective holding companies, as the case may
be, as specified in paragraph (a) or (b) of this Section and delivered to the Borrower, shall be conclusive absent manifest
error. The Borrower shall pay or cause the applicable Designated Borrower to pay to such Lender or such Issuing Lender or such other
Recipient, as the case may be, the amount shown as due on any such certificate within ten (10) days after receipt thereof.

 

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(d)   Delay
in Requests. Failure or delay on the part of any Lender or any Issuing Lender or such other Recipient to demand compensation pursuant
to this Section shall not constitute a waiver of such Lender’s or such Issuing Lender’s or such other Recipient’s
right to demand such compensation; provided that the Borrower shall not be required to compensate any Lender or an Issuing Lender
or any other Recipient pursuant to this Section for any increased costs incurred or reductions suffered more than 90 days prior
to the date that such Lender or such Issuing Lender or such other Recipient, as the case may be, notifies the Borrower of the Change
in Law giving rise to such increased costs or reductions, and of such Lender’s or such Issuing Lender’s or such other Recipient’s
intention to claim compensation therefor (except that if the Change in Law giving rise to such increased costs or reductions is retroactive,
then the 90-day period referred to above shall be extended to include the period of retroactive effect thereof).

 

SECTION 4.11       Taxes.

 

(a)    Defined
Terms. For purposes of this Section 4.11, the term “Lender” includes any Issuing Lender and the term “Applicable
Law” includes FATCA.

 

(b)    Payments
Free of Taxes. Any and all payments by or on account of any obligation of the Borrower under any Loan Document shall be made without
deduction or withholding for any Taxes, except as required by Applicable Law. If any Applicable Law (as determined in the good faith discretion
of an applicable Withholding Agent) requires the deduction or withholding of any Tax from any such payment by a Withholding Agent, then
the applicable Withholding Agent shall be entitled to make such deduction or withholding and shall timely pay the full amount deducted
or withheld to the relevant Governmental Authority in accordance with Applicable Law and, if such Tax is an Indemnified Tax, then the
sum payable by the Borrower shall be increased as necessary so that, after such deduction or withholding has been made (including such
deductions and withholdings applicable to additional sums payable under this Section), the applicable Recipient receives an amount equal
to the sum it would have received had no such deduction or withholding been made.

 

(c)    Payment
of Other Taxes by the Borrower. The Borrower shall timely pay or cause the applicable Designated Borrower to pay to the relevant Governmental
Authority in accordance with Applicable Law, or at the option of the Administrative Agent timely reimburse it for the payment of, any
Other Taxes.

 

(d)   Indemnification
by the Borrower. The Borrower shall indemnify each Recipient, within ten (10) days after demand therefor, for the full amount
of any Indemnified Taxes (including Indemnified Taxes imposed or asserted on or attributable to amounts payable under this Section) payable
or paid by such Recipient or required to be withheld or deducted from a payment to such Recipient and any reasonable expenses arising
therefrom or with respect thereto, whether or not such Indemnified Taxes were correctly or legally imposed or asserted by the relevant
Governmental Authority. A certificate as to the amount of such payment or liability delivered to the Borrower by a Recipient (with a copy
to the Administrative Agent), or by the Administrative Agent on its own behalf or on behalf of a Recipient, shall be conclusive absent
manifest error.

 

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(e)    Indemnification
by the Lenders. Each Lender shall severally indemnify the Administrative Agent, within ten (10) days after demand therefor, for
(i) any Indemnified Taxes attributable to such Lender (but only to the extent that the Borrower has not already indemnified the Administrative
Agent for such Indemnified Taxes and without limiting the obligation of the Borrower to do so), (ii) any Taxes attributable to such
Lender’s failure to comply with the provisions of Section 11.9(d) relating to the maintenance of a Participant
Register and (iii) any Excluded Taxes attributable to such Lender, in each case, that are payable or paid by the Administrative Agent
in connection with any Loan Document, and any reasonable expenses arising therefrom or with respect thereto, whether or not such Taxes
were correctly or legally imposed or asserted by the relevant Governmental Authority. A certificate as to the amount of such payment or
liability delivered to any Lender by the Administrative Agent shall be conclusive absent manifest error. Each Lender hereby authorizes
the Administrative Agent to setoff and apply any and all amounts at any time owing to such Lender under any Loan Document or otherwise
payable by the Administrative Agent to the Lender from any other source against any amount due to the Administrative Agent under this
paragraph (e).

 

(f)     Evidence
of Payments. As soon as practicable after any payment of Taxes by the Borrower to a Governmental Authority pursuant to this Section 4.11,
the Borrower shall deliver to the Administrative Agent the original or a certified copy of a receipt issued by such Governmental Authority
evidencing such payment, a copy of the return reporting such payment or other evidence of such payment reasonably satisfactory to the
Administrative Agent.

 

(g)    Status
of Lenders.

 

(i)            Any
Lender that is entitled to an exemption from or reduction of withholding Tax with respect to payments made under any Loan Document shall
deliver to the Borrower and the Administrative Agent, at the time or times reasonably requested by the Borrower or the Administrative
Agent, such properly completed and executed documentation reasonably requested by the Borrower or the Administrative Agent as will permit
such payments to be made without withholding or at a reduced rate of withholding. In addition, any Lender, if reasonably requested by
the Borrower or the Administrative Agent, shall deliver such other documentation prescribed by Applicable Law or reasonably requested
by the Borrower or the Administrative Agent as will enable the Borrower or the Administrative Agent to determine whether or not such Lender
is subject to backup withholding or information reporting requirements. Notwithstanding anything to the contrary in the preceding two
sentences, the completion, execution and submission of such documentation (other than such documentation set forth in Section 4.11(g)(ii)(A),
(ii)(B) and (ii)(D) below) shall not be required if in the Lender’s reasonable judgment such completion,
execution or submission would subject such Lender to any material unreimbursed cost or expense or would materially prejudice the legal
or commercial position of such Lender.

 

(ii)            Without
limiting the generality of the foregoing:

 

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

 

(B)          any
Foreign Lender shall, to the extent it is legally entitled to do so, deliver to the Borrower and the Administrative Agent (in such number
of copies as shall be requested by the recipient) on or prior to the date on which such Foreign Lender becomes a Lender under this Agreement
(and from time to time thereafter upon the reasonable request of the Borrower or the Administrative Agent), whichever of the following
is applicable:

 

(1)            in
the case of a Foreign Lender claiming the benefits of an income tax treaty to which the United States is a party (x) with respect
to payments of interest under any Loan Document, executed copies of IRS Form W-8BEN-E establishing an exemption from, or reduction
of, United States federal withholding Tax pursuant to the “interest” article of such tax treaty and (y) with respect
to any other applicable payments under any Loan Document, IRS Form W-8BEN-E establishing an exemption from, or reduction of,
United States federal withholding Tax pursuant to the “business profits” or “other income” article of such tax
treaty;

 

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(2)            executed
copies of IRS Form W-8ECI;

 

(3)            in
the case of a Foreign Lender claiming the benefits of the exemption for portfolio interest under Section 881(c) of the Code,
(x) a certificate substantially in the form of Exhibit G-1 to the effect that such Foreign Lender is not a “bank”
within the meaning of Section 881(c)(3)(A) of the Code, a “10 percent shareholder” of the Borrower within the meaning
of Section 881(c)(3)(B) of the Code, or a “controlled foreign corporation” described in Section 881(c)(3)(C) of
the Code (a “U.S. Tax Compliance Certificate”) and (y) executed copies of IRS Form W-8BEN-E; or

 

(4)            to
the extent a Foreign Lender is not the beneficial owner, executed copies of IRS Form W-8IMY, accompanied by IRS Form W-8ECI, IRS
Form W-8BEN-E, a U.S. Tax Compliance Certificate substantially in the form of Exhibit G-2 or Exhibit G-3, IRS
Form W-9, and/or other certification documents from each beneficial owner, as applicable; provided that if the Foreign Lender
is a partnership and one or more direct or indirect partners of such Foreign Lender are claiming the portfolio interest exemption, such
Foreign Lender may provide a U.S. Tax Compliance Certificate substantially in the form of Exhibit G-4 on behalf of
each such direct and indirect partner;

 

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

 

(D)          if
a payment made to a Lender under any Loan Document would be subject to United States federal withholding Tax imposed by FATCA if such
Lender were to fail to comply with the applicable reporting requirements of FATCA (including those contained in Section 1471(b) or
1472(b) of the Code, as applicable), such Lender shall deliver to the Borrower and the Administrative Agent at the time or times
prescribed by law and at such time or times reasonably requested by the Borrower or the Administrative Agent such documentation prescribed
by Applicable Law (including as prescribed by Section 1471(b)(3)(C)(i) of the Code) and such additional documentation reasonably
requested by the Borrower or the Administrative Agent as may be necessary for the Borrower and the Administrative Agent to comply with
their obligations under FATCA and to determine that such Lender has complied with such Lender’s obligations under FATCA or to determine
the amount to deduct and withhold from such payment. Solely for purposes of this clause (D), “FATCA” shall include any amendments
made to FATCA after the date of this Agreement.

 

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

 

(h)   Treatment
of Certain Refunds. If any party determines, in its sole discretion exercised in good faith, that it has received a refund of any
Taxes as to which it has been indemnified pursuant to this Section 4.11 (including by the payment of additional amounts pursuant
to this Section 4.11), it shall pay to the indemnifying party an amount equal to such refund (but only to the extent of indemnity
payments made under this Section with respect to the Taxes giving rise to such refund), net of all out-of-pocket expenses (including
Taxes) of such indemnified party and without interest (other than any interest paid by the relevant Governmental Authority with respect
to such refund). Such indemnifying party, upon the request of such indemnified party, shall repay to such indemnified party the amount
paid over pursuant to this paragraph (h) (plus any penalties, interest or other charges imposed by the relevant Governmental Authority)
in the event that such indemnified party is required to repay such refund to such Governmental Authority. Notwithstanding anything to
the contrary in this paragraph (h), in no event will the indemnified party be required to pay any amount to an indemnifying party pursuant
to this paragraph (h) the payment of which would place the indemnified party in a less favorable net after-Tax position than the
indemnified party would have been in if the Tax subject to indemnification and giving rise to such refund had not been deducted, withheld
or otherwise imposed and the indemnification payments or additional amounts with respect to such Tax had never been paid. This paragraph
shall not be construed to require any indemnified party to make available its Tax returns (or any other information relating to its Taxes
that it deems confidential) to the indemnifying party or any other Person.

 

(i)     Survival.
Each party’s obligations under this Section 4.11 shall survive the resignation or replacement of the Administrative
Agent or any assignment of rights by, or the replacement of, a Lender, the termination of the Revolving Credit Commitments and the repayment,
satisfaction or discharge of all obligations under any Loan Document.

 

SECTION 4.12       Mitigation
Obligations; Replacement of Lenders.

 

(a)    Designation
of a Different Lending Office. If any Lender requests compensation under Section 4.10, or requires the Borrower to pay
any Indemnified Taxes or additional amounts to any Lender or any Governmental Authority for the account of any Lender pursuant to Section 4.11,
then such Lender shall, at the request of the Borrower, use reasonable efforts to designate a different Lending Office for funding or
booking its Loans hereunder or to assign its rights and obligations hereunder to another of its offices, branches or affiliates, if, in
the reasonable judgment of such Lender, such designation or assignment (i) would eliminate or reduce amounts payable pursuant to
Section 4.10 or Section 4.11, as the case may be, in the future and (ii) would not subject such Lender to
any unreimbursed cost or expense and would not otherwise be disadvantageous to such Lender. The Borrower hereby agrees to pay all reasonable
costs and expenses incurred by any Lender in connection with any such designation or assignment.

 

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(b)   Replacement
of Lenders. If any Lender requests compensation under Section 4.10, or if the Borrower is required to pay any Indemnified
Taxes or additional amounts to any Lender or any Governmental Authority for the account of any Lender pursuant to Section 4.11,
and, in each case, such Lender has declined or is unable to designate a different Lending Office or assign its rights and obligations
hereunder to another of its offices, branches or affiliates in accordance with Section 4.12(a), or if any Lender is a Defaulting
Lender or a Non-Consenting Lender, then the Borrower may, at its sole expense and effort, upon notice to such Lender and the Administrative
Agent, require such Lender to assign and delegate, without recourse (in accordance with and subject to the restrictions contained in,
and consents required by, Section 11.9), all of its interests, rights (other than its existing rights to payments pursuant
to Section 4.10 or Section 4.11) and obligations under this Agreement and the related Loan Documents to an Eligible
Assignee that shall assume such obligations (which assignee may be another Lender, if a Lender accepts such assignment); provided
that:

 

(i)             the
Company shall have paid or caused the applicable Designated Borrower to pay to the Administrative Agent the assignment fee (if any) specified
in Section 11.9;

 

(ii)           such
Lender shall have received payment of an amount equal to the outstanding principal of its Loans and funded participations in Letters
of Credit and Swingline Loans, accrued interest thereon, accrued fees and all other amounts payable to it hereunder and under the other
Loan Documents (including any amounts under Section 4.9) from the assignee (to the extent of such outstanding principal and
accrued interest and fees) or the Borrower (in the case of all other amounts);

 

(iii)           in
the case of any such assignment resulting from a claim for compensation under Section 4.10 or payments required to be made
pursuant to Section 4.11, such assignment will result in a reduction in such compensation or payments thereafter;

 

(iv)          such
assignment does not conflict with Applicable Law; and

 

(v)           in
the case of any assignment resulting from a Lender becoming a Non-Consenting Lender, the applicable assignee shall have consented to the
applicable amendment, waiver or consent.

 

A Lender shall not be required to make
any such assignment or delegation if, prior thereto, as a result of a waiver by such Lender or otherwise, the circumstances entitling
the Borrower to require such assignment and delegation cease to apply.

 

(c)    Selection
of Lending Office. Subject to Section 4.12(a), each Lender may make any Loan to the Borrower through any Lending Office,
provided that the exercise of this option shall not affect the obligations of the Borrower to repay the Loan in accordance with the terms
of this Agreement or otherwise alter the rights of the parties hereto.

 

SECTION 4.13       Incremental
Loans.

 

(a)    At
any time, the Borrower may by written notice to the Administrative Agent elect to request the establishment of up to three increases in
the Revolving Credit Commitments (each such increase, an “Incremental Loan Commitment” and all such increases, the
 “Incremental Loan Commitments”) to make revolving credit loans under the Revolving Credit Facility (such loans, the
 “Incremental Loans”); provided that (1) the total aggregate initial principal amount (as of the date of
incurrence thereof) of such requested Incremental Loan Commitments and Incremental Loans shall not exceed $250,000,000 and (2) the
total aggregate amount for each Incremental Loan Commitment (and the Incremental Loans made thereunder) shall not be less than a minimum
principal amount of $10,000,000 (or a higher integral multiple of $5,000,000) or, if less, the remaining amount permitted pursuant to
the foregoing clause (1). Such notice shall specify the date (each, an “Increased Amount Date”) on which the Borrower
proposes that such Incremental Loan Commitment shall be effective, which shall be a date not less than ten (10) Business Days after
the date on which such notice is delivered to Administrative Agent (or such later date as may be approved by the Administrative Agent).
The Borrower may invite any Lender, any Affiliate of any Lender and/or any Approved Fund, and/or any other Person reasonably satisfactory
to the Administrative Agent, to provide an Incremental Loan Commitment (any such Person, an “Incremental Lender”).
Any proposed Incremental Lender offered or approached to provide all or a portion of an Incremental Loan Commitment may elect or decline,
in its sole discretion, to provide the Incremental Loan Commitment or any portion thereof. Each Incremental Loan Commitment shall become
effective as of such Increased Amount Date; provided that, each of the following conditions has been satisfied or waived as of
such Increased Amount Date:

 

(i)            no
Default or Event of Default shall exist on such Increased Amount Date immediately prior to or after giving effect to (A) the Incremental
Loan Commitment and (B) the making of any Incremental Loans pursuant thereto;

 

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(ii)           each
of the representations and warranties contained in Article VII shall be true and correct in all material respects, except
to the extent any such representation and warranty is qualified by materiality or reference to Material Adverse Effect, in which case,
such representation and warranty shall be true, correct and complete in all respects, on such Increased Amount Date with the same effect
as if made on and as of such date (except for any such representation and warranty that by its terms is made only as of an earlier date,
which representation and warranty shall remain true and correct as of such earlier date);

 

(iii)          the
proceeds of any Incremental Loans shall be used for working capital and general corporate purposes; and

 

(iv)          the
Borrower shall deliver to Administrative Agent an Officer’s Certificate dated as of the Increased Amount Date (A) certifying
and attaching the resolutions adopted by the Borrower approving or consenting to such increase and (B) certifying that the conditions
set forth above have been satisfied.

 

(b)    The
Incremental Loan Commitments (and the Incremental Loans made thereunder) shall (i) constitute Obligations of the Borrower, (ii) mature
on the Revolving Credit Maturity Date, (iii) bear interest and be entitled to fees, in each case, at the rate applicable to the Revolving
Credit Loans, and (iv) be subject to the same terms and conditions as the Revolving Credit Loans.

 

(c)    The
outstanding Revolving Credit Loans and Revolving Credit Commitment Percentages of Swingline Loans and L/C Obligations will be reallocated
by the Administrative Agent on the applicable Increased Amount Date among the Revolving Credit Lenders (including the Incremental Lenders
providing such Incremental Loans) in accordance with their revised Revolving Credit Commitment Percentages (and the Revolving Credit Lenders
(including the Incremental Lenders providing such Incremental Loans) agree to make all payments and adjustments necessary to effect such
reallocation and the Borrower shall pay any and all costs required pursuant to Section 4.9 in connection with such reallocation
as if such reallocation were a repayment).

 

(d)    Any
Incremental Lender with an Incremental Loan Commitment shall be entitled to the same voting rights as the existing Revolving Credit Lenders
under the Revolving Credit Facility and any Extensions of Credit made in connection with each Incremental Loan shall receive proceeds
of prepayments on the same basis as the other Revolving Credit Loans made hereunder.

 

(e)    The
Incremental Loan Commitments shall be effected pursuant to one or more Lender Joinder Agreements executed and delivered by the Borrower,
the Administrative Agent and the applicable Incremental Lenders (which Lender Joinder Agreement may, without the consent of any other
Lenders, effect such amendments to this Agreement and the other Loan Documents as may be necessary or appropriate, in the opinion of the
Administrative Agent, to effect the provisions of this Section 4.13).

 

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(f)     The
Incremental Lenders shall be included in any determination of the Required Lenders, and the Incremental Lenders will not constitute a
separate voting class for any purposes under this Agreement.

 

(g)   On
any Increased Amount Date on which any Incremental Loan Commitment becomes effective, subject to the foregoing terms and conditions,
each Incremental Lender with an Incremental Loan Commitment shall become a Revolving Credit Lender hereunder with respect to such Incremental
Loan Commitment.

 

SECTION 4.14       Cash
Collateral. At any time that there shall exist a Defaulting Lender, within three Business Days following the written request of the
Administrative Agent, any Issuing Lender (with a copy to the Administrative Agent) or the Swingline Lender (with a copy to the Administrative
Agent), the Borrower shall Cash Collateralize the Fronting Exposure of such Issuing Lender and/or the Swingline Lender, as applicable,
with respect to such Defaulting Lender (determined after giving effect to Section 4.15(a)(iv) and any Cash Collateral
provided by such Defaulting Lender) in an amount not less than the Minimum Collateral Amount.

 

(a)    Grant
of Security Interest. The Borrower, and to the extent provided by any Defaulting Lender, such Defaulting Lender, hereby grants to
the Administrative Agent, for the benefit of each Issuing Lender and the Swingline Lender, and agrees to maintain, a first priority security
interest in all such Cash Collateral as security for the Defaulting Lender’s obligation to fund participations in respect of L/C
Obligations and Swingline Loans, to be applied pursuant to subsection (b) below. If at any time the Administrative Agent determines
that (i) Cash Collateral is subject to any right or claim of any Person (other than the Administrative Agent, each Issuing Lender
and the Swingline Lender as herein provided) or (ii) that the total amount of such Cash Collateral is less than the Minimum Collateral
Amount, then the Borrower will, promptly upon demand by the Administrative Agent, pay or provide to the Administrative Agent additional
Cash Collateral in an amount sufficient to eliminate such deficiency (after giving effect to any Cash Collateral provided by the Defaulting
Lender).

 

(b)    Application.
Notwithstanding anything to the contrary contained in this Agreement or any other Loan Document, Cash Collateral provided under this Section 4.14
or Section 4.15 in respect of Letters of Credit and Swingline Loans shall be applied to the satisfaction of the Defaulting
Lender’s obligation to fund participations in respect of L/C Obligations and Swingline Loans (including, as to Cash Collateral provided
by a Defaulting Lender, any interest accrued on such obligation) for which the Cash Collateral was so provided, prior to any other application
of such property as may otherwise be provided for herein.

 

(c)    Termination
of Requirement. Cash Collateral (or the appropriate portion thereof) provided to reduce the Fronting Exposure of any Issuing Lender
and/or the Swingline Lender, as applicable, shall no longer be required to be held as Cash Collateral pursuant to this Section 4.14
following (i) the elimination of the applicable Fronting Exposure (including by the termination of Defaulting Lender status
of the applicable Lender), or (ii) the determination by the Administrative Agent, the Issuing Lenders and the Swingline Lender that
there exists excess Cash Collateral; provided that, subject to Section 4.15, the Person providing Cash Collateral,
the Issuing Lenders and the Swingline Lender may agree that Cash Collateral shall be held to support future anticipated Fronting Exposure
or other obligations; and provided further that to the extent that such Cash Collateral was provided by the Borrower, such Cash
Collateral shall remain subject to the security interest granted pursuant to the Loan Documents. If both the Borrower and the Defaulting
Lender have provided Cash Collateral, any Cash Collateral no longer required to be held pursuant to this Section 4.14(c) shall
be returned first to the Borrower until it has received all Cash Collateral provided by it (together with any interest or income accrued
thereon) and second to the Defaulting Lender.

 

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SECTION 4.15       Defaulting
Lenders.

 

(a)    Defaulting
Lender Adjustments. Notwithstanding anything to the contrary contained in this Agreement, if any Lender becomes a Defaulting Lender,
then, until such time as such Lender is no longer a Defaulting Lender, to the extent permitted by Applicable Law:

 

(i)            Waivers
and Amendments. Such Defaulting Lender’s right to approve or disapprove any amendment, waiver or consent with respect to this
Agreement shall be restricted as set forth in the definition of Required Lenders and Section 11.2.

 

(ii)            Defaulting
Lender Waterfall. Any payment of principal, interest, fees or other amounts received by the Administrative Agent for the account of
such Defaulting Lender (whether voluntary or mandatory, at maturity, pursuant to Article IX or otherwise) or received by the
Administrative Agent from a Defaulting Lender pursuant to Section 11.4 shall be applied at such time or times as may be determined
by the Administrative Agent as follows: first, to the payment of any amounts owing by such Defaulting Lender to the Administrative
Agent hereunder; second, to the payment on a pro rata basis of any amounts owing by such Defaulting Lender to the Issuing
Lenders or the Swingline Lender hereunder; third, to Cash Collateralize the Fronting Exposure of the Issuing Lenders and the Swingline
Lender with respect to such Defaulting Lender in accordance with Section 4.14; fourth, as the Borrower may request
(so long as no Default or Event of Default exists), to the funding of any Loan or funded participation in respect of which such Defaulting
Lender has failed to fund its portion thereof as required by this Agreement, as determined by the Administrative Agent; fifth,
if so determined by the Administrative Agent and the Borrower, to be held in a deposit account and released pro rata in order to
(A) satisfy such Defaulting Lender’s potential future funding obligations with respect to Loans and funded participations under
this Agreement and (B) Cash Collateralize the Issuing Lenders’ and Swingline Lender’s future Fronting Exposure with respect
to such Defaulting Lender with respect to future Letters of Credit and Swingline Loans issued under this Agreement, in accordance with
Section 4.14; sixth, to the payment of any amounts owing to the Lenders, the Issuing Lenders or the Swingline Lender
as a result of any judgment of a court of competent jurisdiction obtained by any Lender, any Issuing Lender or the Swingline Lender against
such Defaulting Lender as a result of such Defaulting Lender’s breach of its obligations under this Agreement; seventh, so
long as no Default or Event of Default exists, to the payment of any amounts owing to the Borrower as a result of any judgment of a court
of competent jurisdiction obtained by the Borrower against such Defaulting Lender as a result of such Defaulting Lender’s breach
of its obligations under this Agreement; and eighth, to such Defaulting Lender or as otherwise directed by a court of competent
jurisdiction; provided that if (1) such payment is a payment of the principal amount of any Loans or funded participations
in Letters of Credit or Swingline Loans in respect of which such Defaulting Lender has not fully funded its appropriate share, and (2) such
Loans were made or the related Letters of Credit or Swingline Loans were issued at a time when the conditions set forth in Section 5.2
were satisfied or waived, such payment shall be applied solely to pay the Loans of, and funded participations in Letters of Credit or
Swingline Loans owed to, all Non-Defaulting Lenders on a pro rata basis prior to being applied to the payment of any Loans of,
or funded participations in Letters of Credit or Swingline Loans owed to, such Defaulting Lender until such time as all Loans and funded
and unfunded participations in L/C Obligations and Swingline Loans are held by the Lenders pro rata in accordance with the Revolving
Credit Commitments under the applicable Revolving Credit Facility without giving effect to Section 4.15(a)(iv). Any payments,
prepayments or other amounts paid or payable to a Defaulting Lender that are applied (or held) to pay amounts owed by a Defaulting Lender
or to post Cash Collateral pursuant to this Section 4.15(a)(ii) shall be deemed paid to and redirected by such Defaulting
Lender, and each Lender irrevocably consents hereto.

 

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(iii)            Certain
Fees.

 

(A)            Each
Defaulting Lender shall be entitled to receive a Facility Fee for any period during which such Lender is a Defaulting Lender only to extent
allocable to the sum of (1) the outstanding principal amount of the Revolving Credit Loans funded by it, and (2) its Revolving
Credit Commitment Percentage of the stated amount of Letters of Credit and Swingline Loans for which it has provided Cash Collateral pursuant
to Section 4.14.

 

(B)            Each
Defaulting Lender shall be entitled to receive letter of credit commissions pursuant to Section 3.3 for any period during
which that Lender is a Defaulting Lender only to the extent allocable to its Revolving Credit Commitment Percentage of the stated amount
of Letters of Credit for which it has provided Cash Collateral pursuant to Section 4.14.

 

(C)            With
respect to any Facility Fee or letter of credit commission not required to be paid to any Defaulting Lender pursuant to clause (A) or
(B) above, the Borrower shall (1) pay to each Non-Defaulting Lender that portion of any such fee otherwise payable to such Defaulting
Lender with respect to such Defaulting Lender’s participation in L/C Obligations or Swingline Loans that has been reallocated to
such Non-Defaulting Lender pursuant to clause (iv) below, (2) pay to each applicable Issuing Lender and Swingline Lender, as
applicable, the amount of any such fee otherwise payable to such Defaulting Lender to the extent allocable to such Issuing Lender’s
or Swingline Lender’s Fronting Exposure to such Defaulting Lender (other than any portion of such Fronting Exposure that has been
Cash Collateralized by the Borrower), and (3) not be required to pay the remaining amount of any such fee.

 

(iv)           Reallocation
of Participations to Reduce Fronting Exposure. All or any part of such Defaulting Lender’s participation in L/C Obligations
and Swingline Loans shall be reallocated among the Non-Defaulting Lenders in accordance with their respective Revolving Credit Commitment
Percentages (calculated without regard to such Defaulting Lender’s Revolving Credit Commitment) but only to the extent that such
reallocation does not cause the aggregate Revolving Credit Exposure of any Non-Defaulting Lender to exceed such Non-Defaulting Lender’s
Revolving Credit Commitment. Subject to Section 11.23, no reallocation hereunder shall constitute a waiver or release of any
claim of any party hereunder against a Defaulting Lender arising from that Lender having become a Defaulting Lender, including any claim
of a Non-Defaulting Lender as a result of such Non-Defaulting Lender’s increased exposure following such reallocation.

 

(v)           Cash
Collateral. If the reallocation described in clause (iv) above cannot, or can only partially, be effected, the Borrower shall,
without prejudice to any right or remedy available to it hereunder or under law, Cash Collateralize the Issuing Lenders’ and Swingline
Lender’s Fronting Exposure in accordance with the procedures set forth in Section 4.14.

 

(b)            Defaulting
Lender Cure. If the Borrower, the Administrative Agent, the Issuing Lenders and the Swingline Lender agree in writing that a Lender
is no longer a Defaulting Lender, the Administrative Agent will so notify the parties hereto, whereupon as of the effective date specified
in such notice and subject to any conditions set forth therein (which may include arrangements with respect to any Cash Collateral),
such Lender will, to the extent applicable, purchase at par that portion of outstanding Loans of the other Lenders or take such other
actions as the Administrative Agent may determine to be necessary to cause the Loans and funded and unfunded participations in Letters
of Credit and Swingline Loans to be held pro   rata by the Lenders in accordance with the Revolving Credit Commitments
(without giving effect to Section 4.15(a)(iv)), whereupon such Lender will cease to be a Defaulting Lender; provided
that no adjustments will be made retroactively with respect to fees accrued or payments made by or on behalf of the Borrower while that
Lender was a Defaulting Lender; and provided, further, that except to the extent otherwise expressly agreed by the affected
parties, no change hereunder from Defaulting Lender to Lender will constitute a waiver or release of any claim of any party hereunder
arising from that Lender’s having been a Defaulting Lender.

 

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ARTICLE V

 

CONDITIONS
OF CLOSING AND BORROWING

 

SECTION 5.1         Conditions
to Closing and Initial Extensions of Credit on the Restatement Date. The obligation of the Lenders to close this Agreement and to
make the initial Loans or issue or participate in the initial Letter of Credit on the Restatement Date, if any, is subject to the satisfaction
of each of the following conditions:

 

(a)            Executed
Loan Documents. This Agreement, a Revolving Credit Note in favor of each Revolving Credit Lender requesting a Revolving Credit Note,
a Swingline Note in favor of the Swingline Lender (in each case, if requested thereby), and any other applicable Loan Documents, shall
have been duly authorized, executed and delivered to the Administrative Agent by the parties thereto, shall be in full force and effect
and no Default or Event of Default shall exist hereunder or thereunder.

 

(b)           Closing
Certificates; Etc. The Administrative Agent shall have received each of the following in form and substance reasonably satisfactory
to the Administrative Agent:

 

(i)   Officer’s
Certificate. A certificate from a Responsible Officer of the Company to the effect that (A) each representation and warranty
of the Company contained in this Agreement and the other Loan Documents is true, correct, and complete in all material respects as of
the date hereof or, to the extent such representations and warranties specifically relate to an earlier date, as of such earlier date
(except, in each case, to the extent any such representation and warranty is qualified by materiality or reference to Material Adverse
Effect, in which case, such representation and warranty shall be true, correct, and complete in all respects); (B)  the Company
is not in violation of any of the covenants contained in this Agreement and the other Loan Documents; (C) after giving effect to
the Transactions, no Default or Event of Default has occurred and is continuing; and (D) since December 31, 2020, no event
has occurred or condition arisen, either individually or in the aggregate, that has had or could reasonably be expected to have a Material
Adverse Effect.

 

(ii)   Certificate
of Secretary of the Company. A certificate of the Secretary or an Assistant Secretary of the Company certifying as to the incumbency
and genuineness of the signature of each officer of the Company executing Loan Documents to which it is a party and certifying that attached
thereto is a true, correct and complete copy of (A) the certificate of incorporation of the Company and all amendments thereto,
certified as of a recent date by the appropriate Governmental Authority in its jurisdiction of incorporation, (B) the bylaws of
the Company as in effect on the Restatement Date, and (C) resolutions duly adopted by the Governing Body of the Company authorizing
and approving the transactions contemplated hereunder and the execution, delivery and performance of this Agreement and the other Loan
Documents to which it is a party.

 

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(iii)  Certificates
of Good Standing. Certificates as of a recent date regarding the good standing of the Company under the laws of the State of Delaware
and the State of Minnesota.

 

(iv) Opinions
of Counsel. Opinions of the General Counsel of and/or outside counsel to the Company addressed to the Administrative Agent and the
Lenders with respect to the Company, the Loan Documents and such other matters as the Administrative Agent shall reasonably request (which
such opinions shall expressly permit, subject to customary conditions, reliance by permitted successors and assigns of the Administrative
Agent and the Lenders).

 

(c)           Consents;
Injunctions.

 

(i)    Governmental
and Third Party Approvals. The Company shall have received all material governmental, shareholder and third party consents and approvals
necessary in connection with the transactions contemplated by this Agreement and the other Loan Documents and all applicable waiting periods
shall have expired without any action being taken by any Person that could reasonably be expected to restrain, prevent or impose any material
adverse conditions on any of the Company or such transactions or that could seek or threaten any of the foregoing, and no law or regulation
shall be applicable which in the reasonable judgment of the Administrative Agent could reasonably be expected to have such effect.

 

(ii)   No
Injunction, Etc. No action, proceeding or investigation shall have been instituted, threatened or proposed before any Governmental
Authority to enjoin, restrain, or prohibit, or to obtain substantial damages in respect of, or which is related to or arises out of this
Agreement or the other Loan Documents or the consummation of the transactions contemplated hereby or thereby.

 

(d)           Financial
Matters.

 

(i)    Financial
Statements. The Administrative Agent shall have received (A) the audited Consolidated balance sheet of the Company and its Subsidiaries
as of December 31, 2020, and the related audited statements of income and stockholders’ equity and cash flows for the Fiscal
Year then ended and (B) the unaudited Consolidated balance sheet of the Company and its Subsidiaries as of March 31, 2021,
and related unaudited interim statements of income and stockholders’ equity.

 

(ii)  Solvency
Certificate. The Company shall have delivered to the Administrative Agent a certificate, in form and substance satisfactory to the
Administrative Agent, and certified as accurate by the chief financial officer, the treasurer or any assistant treasurer of the Company,
that after giving effect to the Transactions, the Company is Solvent.

 

(iii)  Payment
at Closing. The Company shall have paid or made arrangements to pay contemporaneously with closing (A) to the Administrative
Agent, the Arrangers and the Lenders the fees set forth or referenced in Section 4.3 and any other accrued and unpaid fees
or commissions due hereunder, (B) all fees, charges and disbursements of counsel to the Administrative Agent (directly to such counsel
if requested by the Administrative Agent) to the extent accrued and unpaid prior to or on the Restatement Date, plus such additional amounts
of such fees, charges and disbursements as shall constitute its reasonable estimate of such fees, charges and disbursements incurred or
to be incurred by it through the closing proceedings (provided that such estimate shall not thereafter preclude a final settling
of accounts between the Company and the Administrative Agent) and (C) to any other Person such amount as may be due thereto in connection
with the transactions contemplated hereby, including all taxes, fees and other charges in connection with the execution, delivery, recording,
filing and registration of any of the Loan Documents.

 

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(e)           PATRIOT
Act, etc.

 

(A)           The
Company shall have provided to the Administrative Agent and the Lenders the documentation and other information requested by the Administrative
Agent in order to comply with requirements of any Anti-Money Laundering Laws, including, without limitation, the PATRIOT Act and any applicable
 “know your customer” rules and regulations.

 

(B)            If
applicable, the Company shall have delivered to the Administrative Agent, and directly to any Lender requesting the same, a Beneficial
Ownership Certification (or a certification that such Borrower qualifies for an express exclusion from the “legal entity customer”
definition under the Beneficial Ownership Regulations) in relation to it, in each case at least five (5) Business Days prior to the
Restatement Date.

 

Without limiting the generality of the provisions
of Section 10.3(c), for purposes of determining compliance with the conditions specified in this Section 5.1,
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 Restatement Date specifying its objection thereto.

 

SECTION 5.2          Conditions
to All Extensions of Credit. The obligations of the Lenders to make or participate in any Extensions of Credit (including the initial
Extension of Credit) and/or any Issuing Lender to issue or extend any Letter of Credit are subject to the satisfaction of the following
conditions precedent on the relevant borrowing, issuance, or extension date:

 

(a)           Continuation
of Representations and Warranties. The representations and warranties contained in this Agreement and the other Loan Documents shall
be true and correct in all material respects, except for any representation and warranty that is qualified by materiality or reference
to Material Adverse Effect, which such representation and warranty shall be true and correct in all respects, on and as of such borrowing,
issuance, or extension date with the same effect as if made on and as of such date (except for any such representation and warranty that
by its terms is made only as of an earlier date, which representation and warranty shall remain true and correct in all material respects
as of such earlier date, except for any representation and warranty that is qualified by materiality or reference to Material Adverse
Effect, which such representation and warranty shall be true and correct in all respects as of such earlier date).

 

(b)           No
Existing Default. No Default or Event of Default shall have occurred and be continuing (i) on the borrowing date with respect
to such Loan or after giving effect to the Loans to be made on such date or (ii) on the issuance or extension date with respect to
such Letter of Credit or after giving effect to the issuance or extension of such Letter of Credit on such date.

 

(c)           Notices.
The Administrative Agent shall have received a Notice of Borrowing or Letter of Credit Application, as applicable, from the Borrower in
accordance with Section 2.3(a) or Section 4.2, as applicable.

 

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(d)           New
Swingline Loans/Letters of Credit. So long as any Lender is a Defaulting Lender, (i) the Swingline Lender shall not be required
to fund any Swingline Loans unless it will have no Fronting Exposure after giving effect to such Swingline Loan and (ii) the Issuing
Lender shall not be required to issue, extend, renew or increase any Letter of Credit unless it will have no Fronting Exposure after giving
effect thereto.

 

(e)           Designated
Borrower. If the applicable Borrower is a Designated Borrower, then the conditions of Section 2.8 to the designation of
such Borrower as a Designated Borrower shall have been met to the satisfaction of the Administrative Agent.

 

(f)           Alternative
Currency. In the case of a Loan to be denominated in an Alternative Currency, there shall not have occurred any change in national
or international financial, political or economic conditions or currency exchange rates or exchange controls which in the reasonable opinion
of the Administrative Agent or the Required Lenders would make it impracticable for such Loan to be denominated in the relevant applicable
Currency.

 

ARTICLE VI

 

REPRESENTATIONS
AND WARRANTIES

 

To induce the Administrative
Agent and Lenders to enter into this Agreement and to induce the Lenders to make Extensions of Credit, the Company hereby represents and
warrants to the Administrative Agent and the Lenders both before and after giving effect to the transactions contemplated hereunder, which
representations and warranties shall be deemed made on the Restatement Date and as otherwise set forth in Section 5.2, that:

 

SECTION 6.1          Organization,
Powers, Qualification, Good Standing, Business and Subsidiaries.

 

(a)          The
Company is a corporation duly organized, validly existing and in good standing under the laws of the State of Delaware. Each Borrower
has all requisite corporate power and authority to own and operate its properties, to carry on its business as now conducted, to enter
into the Loan Documents to which it is a party and to carry out the transactions contemplated thereby.

 

(b)          The
Company is qualified to do business and in good standing in every jurisdiction where its assets are located and wherever necessary to
carry out its business and operations, except in jurisdictions where the failure to be so qualified or in good standing would not reasonably
be expected to result in a Material Adverse Effect.

 

(c)          The
Company and its Subsidiaries are engaged only in the businesses permitted to be engaged in pursuant to Section 8.7.

 

(d)          The
Equity Interests of each of the Significant Subsidiaries of the Company are duly authorized, validly issued, fully paid and nonassessable,
and none of such Equity Interests constitutes Margin Stock. Each of the Subsidiaries of the Company is a corporation, partnership, trust
or limited liability company duly organized, validly existing and in good standing under the laws of its respective jurisdiction of organization
set forth therein, has all requisite organizational power and authority to own and operate its properties and to carry on its business
as now conducted, and is qualified to do business and in good standing in every jurisdiction where its assets are located and wherever
necessary to carry out its business and operations, in each case except where failure to be so qualified or in good standing or a lack
of such power and authority would not reasonably be expected to result in a Material Adverse Effect.

 

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SECTION 6.2          Authorization
of Borrowing, etc.

 

(a)          The
execution, delivery and performance of the Loan Documents have been duly authorized by all necessary organizational action on the part
of each Borrower.

 

(b)          The
execution, delivery and performance by each Borrower of the Loan Documents and the consummation of the transactions contemplated by the
Loan Documents do not and will not (i) violate any provision of any law or any governmental rule or regulation applicable to
the Company or any of its Subsidiaries, the Organizational Documents of the Company or any of its Subsidiaries or any order, judgment
or decree of any court or other Governmental Authority binding on the Company or any of its Subsidiaries, (ii) conflict with, result
in a breach of or constitute (with due notice or lapse of time or both) a default under any Contractual Obligation of the Company or any
of its Subsidiaries, (iii) result in or require the creation or imposition of any Lien upon any of the properties or assets of the
Company or any of its Subsidiaries (other than any Liens created under any of the Loan Documents in favor of Administrative Agent, any
Issuing Lender or the Swingline Lender), or (iv) require any approval of stockholders or any approval or consent of any Person under
any Contractual Obligation of the Company or any of its Subsidiaries, except for such approvals or consents which have been obtained on
or before the date hereof and disclosed in writing to Lenders and except, in each case, to the extent such violation, conflict, breach,
default, Lien or failure to obtain such approval or consent would not reasonably be expected to result in a Material Adverse Effect.

 

(c)          The
execution, delivery and performance by each Borrower of the Loan Documents and the consummation of the transactions contemplated by the
Loan Documents do not and will not require any Borrower to obtain any Governmental Approvals except for such Governmental Approvals which
have been obtained on or before the date hereof and disclosed in writing to the Lenders and except to the extent failure to obtain any
such Governmental Approvals would not reasonably be expected to have a Material Adverse Effect.

 

(d)          Each
of the Loan Documents has been duly executed and delivered by each Borrower and is the legally valid and binding obligation of such Borrower,
enforceable against such Borrower in accordance with its respective terms, except as may be limited by bankruptcy, insolvency, reorganization,
fraudulent transfer, moratorium or similar laws relating to or limiting creditors’ rights generally or by equitable principles relating
to enforceability.

 

SECTION 6.3          Financial
Condition. The Company has heretofore delivered to Lenders, at Lenders’ request, the audited consolidated balance sheets, statements
of income and cash flows of the Company and its Subsidiaries as at and for the year ended December 31, 2020, and the unaudited consolidated
balance sheets, statements of income and cash flows of the Company and its Subsidiaries as at and for the fiscal quarter ended March 31,
2021. All such statements were prepared in conformity with GAAP and fairly present, in all material respects, the financial position (on
a consolidated basis) of the entities described in such financial statements as at the respective dates thereof and the results of operations
and cash flows (on a consolidated basis) of the entities described therein for each of the periods then ended, subject, in the case of
any such unaudited financial statements, to changes resulting from audit and normal year-end adjustments and the absence of footnote disclosure.

 

SECTION 6.4          No
Material Adverse Change. As of the Restatement Date, no event or change has occurred that has resulted in or evidences, either in
any case or in the aggregate, a Material Adverse Effect since December 31, 2020.

 

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SECTION 6.5         Title
to Properties; Liens. The Company and its Significant Subsidiaries have good and marketable title to all of their respective properties
and assets reflected in the financial statements referred to in Section 6.3 or in the most recent financial statements delivered
pursuant to Section 7.1, in each case except for assets disposed of since the date of such financial statements in the ordinary
course of business or as otherwise permitted under Section 8.5 and except for defects and irregularities that would not reasonably
be expected to result in a Material Adverse Effect. Except as permitted by this Agreement, all such properties and assets are free and
clear of Liens.

 

SECTION 6.6          Litigation;
Adverse Facts.

 

(a)            Except
as set forth in Schedule 6.6 annexed hereto, there are no Proceedings (whether or not purportedly on behalf of the Company or any
of its Subsidiaries) at law or in equity, or before or by any court or other Governmental Authority (including any Environmental Claims)
that are pending or, to the knowledge of any Senior Officer of the Company, threatened against or affecting the Company or any of its
Subsidiaries or any property of the Company or any of its Subsidiaries and that, individually or in the aggregate, would reasonably be
expected to result in a Material Adverse Effect.

 

(b)            Neither
the Company nor any of its Subsidiaries (i) is in violation of any applicable laws (including Environmental Laws) that, individually
or in the aggregate, would reasonably be expected to result in a Material Adverse Effect, or (ii) is subject to or in default with
respect to any final judgments, writs, injunctions, decrees, rules or regulations of any court or other Governmental Authority that,
individually or in the aggregate, would reasonably be expected to result in a Material Adverse Effect.

 

(c)            The
Company and each Subsidiary engaged in advisory or management activities, if any, is duly registered as an investment adviser as and to
the extent required under the Investment Advisers Act of 1940, as amended, and the rules and regulations promulgated thereunder.
The Company and each Subsidiary engaged in the broker-dealer business, if any, is duly registered as a broker-dealer as and to the extent
required under the Exchange Act, as amended, and the rules and regulations promulgated thereunder and, as and to the extent required,
is a member in good standing of the Financial Institutions Regulatory Authority, Inc.

 

SECTION 6.7          Payment
of Taxes. Except to the extent permitted by Section 7.3, all federal and all other material tax returns and reports of
the Company and its Subsidiaries required to be filed by any of them have been timely filed, and all taxes shown on such tax returns to
be due and payable and all material assessments, fees and other governmental charges upon the Company and its Subsidiaries and upon their
respective properties, assets, income, businesses and franchises that are due and payable have been paid when due and payable, unless
such taxes, assessments, fees or charges are being actively contested by the Company or such Subsidiary in good faith and by appropriate
proceedings and reserves or other appropriate provisions, if any, as shall be required in conformity with GAAP or SAP, as applicable,
shall have been made or provided therefor. The Company and each Subsidiary have also maintained adequate reserves on their books and records
in accordance with GAAP or SAP, as applicable, for all taxes that have accrued but which are not yet due and payable. Neither the Company
nor any of its Subsidiaries has participated in any transaction that relates to a year of the taxpayer (which is still open under the
applicable statute of limitations) which is a “listed transaction”, as defined in Treasury Regulation Section 1.6011-4(b)(2) (irrespective
of the date when the transaction was entered into).

 

SECTION 6.8          Governmental
Regulation. No Borrower is subject to regulation under the Investment Company Act.

 

SECTION 6.9          Securities
Activities. No part of the proceeds of any of the Loans, and no Letters of Credit, will be used, directly or indirectly, for purchasing
or carrying Margin Stock or for any purpose which violates, or which would be inconsistent with, the provisions of Regulation T, U or
X of the Board of Governors of the Federal Reserve System of the United States.

 

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SECTION 6.10         Employee
Benefit Plans.

 

(a)            The
Company, each of its Subsidiaries and each of their respective ERISA Affiliates are in material compliance with all applicable provisions
and requirements of ERISA and the Code and the regulations and published interpretations in each case thereunder with respect to each
Employee Benefit Plan, and have performed all their obligations under each Employee Benefit Plan. To the knowledge of any Senior Officer,
each Employee Benefit Plan that is intended to qualify under Section 401(a) of the Code is so qualified.

 

(b)            No
ERISA Event has occurred or is reasonably expected to occur.

 

(c)            Each
Non-U.S. Plan has been maintained in material compliance with its terms and with the requirements of any and all applicable laws, statutes,
rules, regulations and orders and has been maintained, where required, in good standing with applicable regulatory authorities, except
as would not reasonably be expected to result in liability to the Company or any of its Subsidiaries. All contributions required to be
made with respect to a Non-U.S. Plan have been timely made. Neither the Company nor any of its Subsidiaries has incurred any obligation
in connection with the termination of, or withdrawal from, any Non-U.S. Plan.

 

SECTION 6.11        Environmental
Protection. In the ordinary course of its business, the officers of the Company and its Subsidiaries consider the effect of Environmental
Laws on the business of the Company and its Subsidiaries, in the course of which they identify and evaluate potential risks and liabilities
accruing to the Company due to Environmental Laws. On the basis of this consideration, the Company has concluded that Environmental Laws
would not reasonably be expected to have a Material Adverse Effect. Neither the Company nor any Subsidiary has received any notice to
the effect that its operations are not in material compliance with any of the requirements of applicable Environmental Laws or are the
subject of any federal or state investigation evaluating whether any remedial action is needed to respond to a release of any Hazardous
Materials into the environment, which noncompliance or remedial action could reasonably be expected to have a Material Adverse Effect.

 

SECTION 6.12        Solvency.
Each Borrower is and, upon the incurrence of any Obligations by such Borrower on any date on which this representation is made, will be,
Solvent.

 

SECTION 6.13         Disclosure.
No representation or warranty of any Borrower contained in any Loan Document or in any other document, certificate or written statement
furnished to Lenders by or on behalf of any Borrower for use in connection with the transactions contemplated by this Agreement, as of
the date made, contained any untrue statement of a material fact or omitted to state a material fact (known to any officer of the Company,
in the case of any information not furnished by it) necessary in order to make the statements contained herein or therein not misleading
in light of the circumstances in which the same were made. Any projections and pro forma financial information contained in such materials
are based upon good faith estimates and assumptions believed by the Company to be reasonable at the time made, it being recognized by
Lenders that such projections as to future events are not to be viewed as facts and that actual results during the period or periods covered
by any such projections may differ from the projected results.

 

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SECTION 6.14         Anti-Corruption
Laws; Anti-Money Laundering Laws and Sanctions.

 

(a)            None
of (i) the Company, any Subsidiary, or to the knowledge of any Senior Officer of the Company, any of their respective directors,
officers, employees or Affiliates, or (ii) to the knowledge of any Senior Officer of the Company, any agent or representative of
the Company or any Subsidiary that will act in any capacity in connection with or benefit from the Credit Facility, (A) is a Sanctioned
Person or currently the subject or target of any Sanctions, (B) is controlled or 50% or more beneficially owned by or is acting on
behalf of a Sanctioned Person, (C) has its assets located in a Sanctioned Country, (D) is, to the knowledge of any Senior Officer,
under administrative, civil or criminal investigation for an alleged violation of, or has received notice or made a voluntary disclosure
regarding a possible violation of, Anti-Corruption Laws, Anti-Money Laundering Laws or Sanctions by, from or to a Governmental Authority
that enforces Sanctions or any Anti-Corruption Laws or Anti-Money Laundering Laws, or (E) directly or indirectly derives revenues
from investments in, or transactions with, Sanctioned Persons.

 

(b)            Each
of the Company and its Subsidiaries has implemented and maintains in effect policies and procedures designed to ensure compliance by the
Company and its Subsidiaries and their respective directors, officers, employees, agents and Affiliates with all Anti-Corruption Laws,
Anti-Money Laundering Laws and applicable Sanctions.

 

(c)            Each
of the Company and its Subsidiaries, and to the knowledge of any Senior Officer of the Company, each director, officer, employee, agent
and Affiliate of Company and each such Subsidiary, is in compliance (1) in all material respects with all Anti-Corruption Laws and
all Anti-Money Laundering Laws and (2) with all applicable Sanctions.

 

(d)            No
proceeds of any Extension of Credit have been used, directly or indirectly, by the Company, any of its Subsidiaries or any of its or their
respective directors, officers, employees and agents in violation of Section 7.7(c).

 

ARTICLE VII

 

AFFIRMATIVE
COVENANTS

 

Until
all of the Obligations (other than Unasserted Obligations) have been paid and satisfied in full in cash, all Letters of Credit have been
terminated or expired (or been Cash Collateralized) and the Revolving Credit Commitments have terminated, the Company covenants
and agrees that:

 

SECTION 7.1          Financial
Statements and Other Reports. The Company will maintain, and cause each of its Subsidiaries to maintain, a system of accounting established
and administered in accordance with sound business practices to permit preparation of financial statements in conformity with GAAP. The
Company will deliver, or cause to be delivered, to Administrative Agent and Lenders:

 

(a)            Events
of Default, etc.: reasonably promptly upon any Senior Officer of the Company obtaining knowledge of any condition or event that
constitutes an Event of Default or a Default, or becoming aware that any Lender has given any notice (other than to Administrative Agent)
or taken any other action with respect to a claimed Event of Default or a Default, an Officer’s Certificate specifying the nature
and period of existence of such condition, event or change, or specifying the notice given or action taken by any such Person and the
nature of such claimed Event of Default or a Default, and what action the Company has taken, is taking and proposes to take with respect
thereto;

 

(b)            Quarterly
Financials: (i) as soon as available and in any event within 45 days after the end of each of the first three Fiscal Quarters
of each Fiscal Year, the consolidated balance sheets of the Company and its Subsidiaries as at the end of such Fiscal Quarter and the
related consolidated statements of income, stockholders’ equity and cash flows of the Company and its Subsidiaries for such Fiscal
Quarter and for the period from the beginning of the then current Fiscal Year to the end of such Fiscal Quarter, setting forth in each
case in comparative form the corresponding figures for the corresponding periods of the previous Fiscal Year, all in reasonable detail
and certified by the chief financial officer of the Company that they fairly present, in all material respects, the financial condition
of the Company and its Subsidiaries as at the dates indicated and the results of their operations and their cash flows for the periods
indicated, subject to changes resulting from audit and normal year-end adjustments and the absence of footnote disclosure, and (ii) within
45 days after the end of each of the first three Fiscal Quarters of each Fiscal Year, a narrative report describing the operations of
the Company and its Subsidiaries in the form prepared for presentation to senior management for such Fiscal Quarter and for the period
from the beginning of the then current Fiscal Year to the end of such Fiscal Quarter; it being understood and agreed that the delivery
of the Company’s Form 10-Q promptly following the filing thereof with the SEC shall satisfy the delivery requirements set forth
in this clause (subject to the time periods set forth in this clause (b));

 

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(c)            Year-End
Financials: as soon as available and in any event within 90 days after the end of each Fiscal Year, (i) the consolidated balance
sheets of the Company and its Subsidiaries as at the end of such Fiscal Year and the related consolidated statements of income, stockholders’
equity and cash flows of the Company and its Subsidiaries for such Fiscal Year, setting forth in each case in comparative form the corresponding
figures for the previous Fiscal Year, all in reasonable detail and certified by the chief financial officer of the Company that they fairly
present, in all material respects, the consolidated financial condition of the Company and its Subsidiaries as at the dates indicated
and the consolidated results of their operations and their cash flows for the periods indicated, (ii) a report for the Company and
its Subsidiaries setting forth in comparative form the corresponding figures for the previous Fiscal Year, (iii) a narrative report
describing the operations of the Company and its Subsidiaries in the form prepared for presentation to senior management for such Fiscal
Year, (iv) in the case of all such consolidated financial statements, a report and opinion thereon of independent certified public
accountants of recognized national standing selected by the Company and reasonably satisfactory to Administrative Agent, which report
and opinion shall be prepared in accordance with audit standards of the Public Company Accounting Oversight Board and applicable securities
laws unqualified as to the scope of the audit or the ability of the Company and its Subsidiaries to continue as a going concern, and shall
state that such consolidated financial statements fairly present, in all material respects, the consolidated financial position of the
Company and its Subsidiaries as at the dates indicated and the consolidated results of their operations and their cash flows for the periods
indicated in conformity with GAAP applied on a basis consistent with prior years (except as otherwise disclosed in such financial statements)
and that the examination by such accountants in connection with such consolidated financial statements has been made in accordance with
generally accepted auditing standards, and it being understood and agreed that the delivery of the Company’s Form 10-K promptly
after the filing thereof with the SEC shall satisfy the requirements set forth in this clause (subject to the time periods set forth in
this clause (c));

 

(d)            Compliance
Certificates: together with each delivery of financial statements pursuant to subdivisions (b) and (c) above, (i) an
Officer’s Compliance Certificate of the Company stating that the signer has reviewed the terms of this Agreement and has made, or
caused to be made under his or her supervision, a review in reasonable detail of the transactions and condition of the Company and its
Subsidiaries during the accounting period covered by such financial statements and that such review has not disclosed the existence during
or at the end of such accounting period, and that the signers do not have knowledge of the existence as at the date of such Officer’s
Compliance Certificate, of any condition or event that constitutes an Event of Default or a Default, or, if any such condition or event
existed or exists, specifying the nature and period of existence thereof and what action the Company has taken, is taking and proposes
to take with respect thereto; and (ii) an Officer’s Compliance Certificate demonstrating in reasonable detail whether or not
the Company is in compliance at the end of the applicable accounting periods with the restrictions contained in Section 8.4;

 

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(e)            SAP
Financial Statements. (i) as soon as available and in any event within 60 days after the end of each of the first three Fiscal
Quarters of each Fiscal Year, copies of the unaudited Quarterly Statement of IDS Property Casualty Insurance Company, RiverSource Life
Insurance Company and each other Insurance Subsidiary requested in writing by Administrative Agent, certified by the chief financial officer
or the treasurer of such Insurance Subsidiary, all such statements to be prepared in accordance with SAP consistently applied throughout
the periods reflected therein, (ii) as soon as available and in any event within 100 days after the end of each Fiscal Year, copies
of the unaudited Annual Statement of IDS Property Casualty Insurance Company, RiverSource Life Insurance Company and each other Insurance
Subsidiary requested in writing by Administrative Agent, certified by the chief financial officer or the treasurer of such Insurance Subsidiary,
all such statements to be prepared in accordance with SAP consistently applied throughout the periods reflected therein, and (iii) as
soon as available and in any event by June 1 of each year, copies of the audited Annual Statement for the prior Fiscal Year of IDS
Property Casualty Insurance Company, RiverSource Life Insurance Company and each other Insurance Subsidiary requested in writing by Administrative
Agent certified by independent certified public accountants of recognized national standing selected by the Company and reasonably satisfactory
to Administrative Agent, all such statements to be prepared in accordance with SAP consistently applied throughout the periods reflected
therein.

 

(f)            SEC
Filings and Press Releases: promptly upon their becoming available, at the Administrative Agent’s discretion, notice of the
public availability of, or copies of (i) regular and periodic reports and all registration statements (other than on Form S-8
or a similar form) and prospectuses, if any, filed by the Company or any of its Subsidiaries with any securities exchange or with the
SEC or any governmental or private regulatory authority, and (ii) all press releases and other statements made available generally
by the Company or any of its Subsidiaries to the public concerning material developments in the business of the Company and its Subsidiaries,
taken as a whole;

 

(g)            ERISA
Events: promptly upon any Senior Officer of the Company becoming aware of the occurrence of or forthcoming occurrence of any ERISA
Event, a written notice specifying the nature thereof, what action the Company, any of its Subsidiaries or any of their respective ERISA
Affiliates has taken, is taking or proposes to take with respect thereto and, when known, any action taken or threatened by the Internal
Revenue Service, the Department of Labor or the PBGC with respect thereto;

 

(h)            ERISA
Notices: with reasonable promptness, copies of all notices received by the Company or any of its Subsidiaries from a Multiemployer
Plan sponsor or a Governmental Authority concerning an ERISA Event;

 

(i)            Anti-Corruption
Laws; Anti-Money Laundering Laws: promptly upon the request thereof, such other information and documentation required under applicable
 “know your customer” rules and regulations, the PATRIOT Act or any applicable Anti-Money Laundering Laws or Anti-Corruption
Laws, in each case as from time to time reasonably requested by the Administrative Agent or any Lender;

 

(j)            Ratings:
reasonably promptly after any Senior Officer of the Company becoming aware of any change in the Company’s Debt Rating or outlook,
a statement describing such change, whether such change was made by S&P, Moody’s or both and the effective date of such change;
and

 

(k)            Other
Information: with reasonable promptness, such other information and data with respect to the Company or any of its Subsidiaries as
from time to time may be reasonably requested by Administrative Agent.

 

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SECTION 7.2         Existence, etc.
Except as permitted under Section 8.5, the Company will, and will cause each of its Significant Subsidiaries to, at all times
preserve and keep in full force and effect its existence and all rights and franchises material to its business; provided, however
that neither the Company nor any of its Subsidiaries shall be required to preserve any such right or franchise if the Governing Body of
the Company or such Subsidiary shall determine that the preservation thereof is no longer desirable in the conduct of the business of
the Company or such Subsidiary, as the case may be, and that the loss thereof would not reasonably be expected to result in a Material
Adverse Effect; provided further that the Company will not be required to preserve and keep in full force and effect the existence
of any Subsidiary, if the Governing Body of the Company or such Subsidiary shall determine that the preservation thereof is no longer
desirable in the conduct of the business of the Company or such Subsidiary and that the loss thereof would not reasonably be expected
to result in a Material Adverse Effect.

 

SECTION 7.3         Payment
of Taxes and Claims. The Company will, and will cause each of its Significant Subsidiaries to, pay all material taxes, assessments
and other governmental charges imposed upon it or any of its properties or assets or in respect of any of its income, businesses or franchises
before any material penalty accrues thereon, and all material claims (including claims for labor, services, materials and supplies) for
sums that have become due and payable and that by law have or may become a Lien upon any of its properties or assets, prior to the time
when any material penalty or fine shall be incurred with respect thereto; provided that no such tax, assessment, charge or claim
need be paid if it is being contested in good faith by appropriate proceedings, so long as (i) such reserve or other appropriate
provision, if any, as shall be required in conformity with GAAP or SAP, as applicable, shall have been made therefor and (ii) in
the case of a tax, assessment, charge or claim which has or may become a Lien against any of the assets of the Company or its Significant
Subsidiaries, the Lien is not being enforced by foreclosure or sale of any portion of such assets to satisfy such charge or claim or is
otherwise permitted by this Agreement.

 

SECTION 7.4         Maintenance
of Properties; Insurance.

 

(a)            The
Company will, and will cause each of its Significant Subsidiaries to, maintain or cause to be maintained in good repair, working order
and condition, ordinary wear and tear excepted, all properties used or useful in the business of the Company and its Significant Subsidiaries
(including all intellectual property) if the failure to so maintain any such properties would reasonably be expected to result in a Material
Adverse Effect.

 

(b)            The
Company will insure its and its Subsidiaries’ assets and businesses in such manner and to such extent as is customary for companies
engaged in the same or similar businesses in similar locations.

 

SECTION 7.5         Inspection
Rights. The Company shall, and shall cause each of its Significant Subsidiaries to, permit any authorized representatives designated
by Administrative Agent (and, during the continuance of an Event of Default, any Lender) to visit and inspect any of the properties of
the Company or of any of its Significant Subsidiaries, to inspect, copy and take extracts from its and their financial and accounting
records, and to discuss its and their affairs, finances and accounts with its and their officers and independent public accountants (provided
that the Company may, if it so chooses, be present at or participate in any such discussion), all upon reasonable notice and at such reasonable
times during normal business hours and as often as may reasonably be requested or at any time or from time to time following the occurrence
and during the continuation of an Event of Default.

 

SECTION 7.6         Compliance
with Laws, etc. The Company shall comply, and shall cause each of its Subsidiaries to comply, with the requirements of all applicable
laws, rules, regulations and orders of any Governmental Authority (including all Environmental Laws), noncompliance with which would reasonably
be expected to result in, individually or in the aggregate, a Material Adverse Effect. The Company will maintain in effect and enforce
policies and procedures designed to ensure compliance by the Company, its Subsidiaries and their respective directors, officers, employees
and agents with all Anti-Corruption Laws, Anti-Money Laundering Laws, and applicable Sanctions.

 

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SECTION 7.7         Use
of Proceeds.

 

(a)            The
Borrower shall use the proceeds of the Extensions of Credit for working capital and general corporate purposes.

 

(b)            The
Borrower shall use the proceeds of any Incremental Loan as permitted pursuant to Section 4.13.

 

(c)            The
Borrower will not request any Extension of Credit, and the Borrower shall not use, and shall ensure that its Subsidiaries and its or their
respective directors, officers, employees and agents shall not use, the proceeds of any Extension of Credit, directly or indirectly, (i) in
furtherance of an offer, payment, promise to pay, or authorization of the payment or giving of money, or anything else of value, to any
Person in violation of any Anti-Corruption Laws, (ii) for the purpose of funding, financing or facilitating any activities, business
or transaction of or with any Sanctioned Person, or in any Sanctioned Country, or (iii) in any other manner that would result in
the violation of any Sanctions applicable to any party hereto by any Person.

 

SECTION 7.8          Compliance
with Anti-Corruption Laws; Beneficial Ownership Regulation, Anti-Money Laundering Laws and Sanctions. (a) Maintain in effect
and enforce policies and procedures designed to ensure compliance by the Company, its Subsidiaries and their respective directors, officers,
employees and agents with all Anti-Corruption Laws, Anti-Money Laundering Laws and
applicable Sanctions, (b) notify the Administrative Agent and each Lender that previously received a Beneficial Ownership
Certification (or a certification that the Borrower qualifies for an express exclusion to the “legal entity customer” definition
under the Beneficial Ownership Regulation) of any change in the information provided in the Beneficial Ownership Certification that would
result in a change to the list of beneficial owners identified therein (or, if applicable, the Borrower ceasing to fall within an express
exclusion to the definition of “legal entity customer” under the Beneficial Ownership Regulation) and (c) promptly upon
the reasonable request of the Administrative Agent or any Lender, provide the Administrative Agent or directly to such Lender, as the
case may be, any information or documentation requested by it for purposes of complying with the Beneficial Ownership Regulation.

 

ARTICLE VIII

 

NEGATIVE
COVENANTS

 

Until all of the Obligations
(other than Unasserted Obligations) have been paid and satisfied in full in cash, all Letters of Credit have been terminated or expired
(or been Cash Collateralized) and the Revolving Credit Commitments have terminated, the Company covenants and agrees that:

 

SECTION 8.1         Liens
and Related Matters.

 

(a)            Prohibition
on Liens. The Company shall not, and shall not permit any of its Subsidiaries to, directly or indirectly, create, incur, assume or
permit to exist any Lien on or with respect to any property or asset of any kind (including any document or instrument in respect of goods
or accounts receivable) of the Company or any of its Subsidiaries, whether now owned or hereafter acquired, or any income or profits therefrom,
except:

 

(i)            Permitted
Liens;

 

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(ii)            Liens
described in Schedule 8.1 annexed hereto;

 

(iii)            Liens
securing obligations incurred in connection with any transaction (including an agreement with respect thereto) now existing or hereafter
entered into which is a rate swap transaction, basis swap, forward rate transaction, commodity swap, commodity option, equity or equity
index swap, equity or equity index option, bond option, interest rate option, foreign exchange transaction, cap transaction, floor transaction,
collar transaction, currency swap transaction, cross-currency rate swap transaction, currency option or any other investment-related transaction
(including any option with respect to any of these transactions) and any combination of these transactions or other investment-related
arrangements or contracts, in each case entered into in the ordinary course of business for the purpose of asset or liability management;

 

(iv)            Liens
on any property or assets existing at the time such property or asset was acquired (including Liens on the property or assets of any Person
that becomes a Subsidiary of the Company that existed at the time such Person became a Subsidiary by acquisition, merger, consolidation
or otherwise), which Liens were not created in contemplation of such acquisition; provided that (i) such Liens shall not extend
to or cover any property or assets of any character other than the property being acquired and (ii) such Liens shall secure only
those obligations which such Liens secured on the date of such acquisition;

 

(v)            Liens
in respect of purchase money debt and Capital Lease Obligations upon or in any real property or equipment acquired or held by the Company
or any Subsidiary in the ordinary course of business to secure the purchase price of such property or equipment or to secure Indebtedness
incurred solely for the purpose of financing the acquisition of such property or equipment; provided that (i) such Liens shall
not extend to or cover any property or assets of any character other than the property or equipment being financed and (ii) the aggregate
amount of Indebtedness secured by such Liens (other than secured Indebtedness incurred in sale/leaseback transactions involving real property
occupied by the Company or its Subsidiaries) does not exceed $100,000,000 at any time outstanding;

 

(vi)            Liens
on any real property securing Indebtedness in respect of which (i) the recourse of the holder of such Indebtedness (whether direct
or indirect and whether contingent or otherwise) under the instrument creating the Lien or providing for the Indebtedness secured by the
Lien is limited to such real property directly securing such Indebtedness and (ii) such holder may not under the instrument creating
the Lien or providing for the Indebtedness secured by the Lien collect by levy of execution or otherwise against assets or property of
the Company or any Subsidiary (other than such real property directly securing such Indebtedness) if the Company or such Subsidiary fails
to pay such Indebtedness when due and such holder obtains a judgment with respect thereto, except for recourse obligations that are customary
in “non-recourse” real estate transactions;

 

(vii)           Liens
on mortgage-backed securities in favor of a Federal Reserve Bank;

 

(viii)          Liens
on assets securing obligations owing to a Federal Home Loan Bank;

 

(ix)             Liens
on assets securing repurchase agreements;

 

(x)            other
Liens securing liabilities in an aggregate amount, together with the aggregate amount of Indebtedness incurred pursuant to Section 8.8
hereof (without double counting), not to exceed the greater of $750,000,000 and 40% of Consolidated EBITDA for the period of four Fiscal
Quarters ending as of the end of the last Fiscal Quarter or Fiscal Year (as the case may be) for which financial statements have been
delivered pursuant to Section 7.1(b) or (c); and

 

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(xi)            the
replacement, extension or renewal of any Lien permitted by clauses (ii), (iv) and (v) above upon or in the same property subject
thereto arising out of the replacement, extension or renewal of the Indebtedness secured thereby (without any increase in the amount thereof).

 

(b)            No
Further Negative Pledges. The Company will not, and will not permit any of its Subsidiaries to, enter into or otherwise cause or suffer
to exist any agreement prohibiting the creation or assumption of any Lien upon any of its properties or assets, whether now owned or hereafter
acquired, other than (i) any agreement evidencing Indebtedness secured by Liens permitted by this Agreement, as to the assets securing
such Indebtedness, (ii) any agreement evidencing an asset sale, as to the assets being sold, (iii) any agreement evidencing
a sale of all or substantially all of the Equity Interests of any Subsidiary, as to the assets of such Subsidiary, (iv) any agreement
permitting the Company or such Subsidiary to grant a Lien on its property or assets to secure the Obligations, or (v) customary restrictions
on the assignment of leases, licenses, and other agreements.

 

(c)             No
Restrictions on Subsidiary Distributions to the Company or Other Subsidiaries. The Company will not, and will not permit any of its
Subsidiaries to, create or otherwise cause or suffer to exist or become effective any consensual encumbrance or restriction of any kind
on the ability of any such Subsidiary to (i) pay dividends or make any other distributions on any of such Subsidiary’s Equity
Interests owned by the Company or any other Subsidiary of the Company, (ii) repay or prepay any Indebtedness owed by such Subsidiary
to the Company or any other Subsidiary of the Company, (iii) make loans or advances to the Company or any other Subsidiary of the
Company, or (iv) transfer any of its property or assets to the Company or any other Subsidiary of the Company, except in each case
(a) as provided in this Agreement, (b) as to transfers of assets, as may be provided in an agreement with respect to a sale
of such assets, (c) as required by law, and (d) any agreement evidencing Indebtedness secured by Liens permitted by this Agreement,
which restrictions are effective against the assets financed by such Indebtedness.

 

SECTION 8.2         Acquisitions.
The Company shall not, and shall not permit any of its Subsidiaries to, directly or indirectly, acquire, by purchase or otherwise, all
or substantially all the business, property or fixed assets of, or Equity Interests of any Person, or any division or line of business
of any Person except the Company or any of its Subsidiaries may consummate an Acquisition (subject to Section 8.7), so long
as (1) no Event of Default or Default shall then exist or would exist after giving effect thereto and (2) after giving effect
to such Acquisition and any financing thereof on a Pro Forma Basis, the Company and its Subsidiaries would have been in compliance with
each of the financial covenants set forth in Section 8.4 on such test date.

 

SECTION 8.3          Restricted
Junior Payments. The Company shall not, and shall not permit any of its Subsidiaries to, directly or indirectly, declare, order, pay,
make or set apart any sum for any Restricted Junior Payment so long as any Event of Default or a Default shall have occurred and be continuing
or shall be caused thereby.

 

SECTION 8.4          Financial
Covenants.

 

(a)            Maximum
Consolidated Leverage Ratio. The Company shall not permit the Consolidated Leverage Ratio as of the last day of the most recently
ended Fiscal Quarter to exceed 3.25 to 1.00 (or such other ratio as shall then be in effect during an Acquisition Holiday).

 

(b)            Minimum
Consolidated Interest Coverage Ratio. As of the last day of any Fiscal Quarter, the Company shall not permit the Consolidated Interest
Coverage Ratio to be less than 4.00 to 1.00.

 

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SECTION 8.5     Restriction
on Fundamental Changes; Asset Sales. The Company shall not, and shall not permit any of its Subsidiaries to, enter into any transaction
of merger or consolidation, or liquidate, wind-up or dissolve itself (or suffer any liquidation or dissolution), or convey, sell, lease
or sub-lease (as lessor or sublessor), transfer or otherwise dispose of (including by division), in one transaction or a series of transactions,
either (x) all or substantially all of its business, property or assets, or (y) the Equity Interests of any Subsidiary, in each
case whether now owned or hereafter acquired, except:

 

(a)    any
Subsidiary of the Company may be merged with or into the Company or any Wholly-Owned Subsidiary, or be liquidated, wound up or dissolved,
or all or any part of its business, property or assets may be conveyed, sold, leased, transferred or otherwise disposed of (including
by division), in one transaction or a series of transactions, to the Company or any Wholly-Owned Subsidiary; provided that, in
the case of such a merger, the Company or such Wholly-Owned Subsidiary shall be the continuing or surviving Person;

 

(b)   any
Person may be merged with or into the Company or any Subsidiary if the acquisition of the Equity Interests of such Person by the Company
or such Subsidiary would have been permitted pursuant to Section 8.2; provided that (i) in the case of the Company,
the Company shall be the continuing or surviving Person, (ii) in the case of a Subsidiary, if such Subsidiary is not the surviving
or continuing Person, the surviving Person becomes a Subsidiary and (iii) in each case, no Default or Event of Default shall have
occurred or be continuing after giving effect thereto; and

 

(c)    the
Company (i) may or may cause any Subsidiary to sell the Equity Interests of any Subsidiary or (ii) may cause any Subsidiary
to sell all or substantially all of such Subsidiary’s assets; provided, that with respect to any such sale of the Equity
Interests of a Significant Subsidiary or all or substantially all of the assets of a Significant Subsidiary, the following conditions
must be met after giving effect to any such sale: (x) the aggregate property disposed of in reliance on this clause (c) during
the term of this Agreement would not constitute all or substantially all of the consolidated assets of the Company and its Subsidiaries,
and (y) (i) no Default or Event of Default has occurred and is continuing or would result therefrom and (ii) the Company
is in pro forma compliance with the financial covenants set forth in Section 8.4.

 

SECTION 8.6     Transactions
with Affiliates. The Company shall not, and shall not permit any of its Subsidiaries to, directly or indirectly, enter into or permit
to exist any material transaction (including the purchase, sale, lease or exchange of any property or the rendering of any service) of
any kind with any Affiliate of the Company, whether or not in the ordinary course of business, other than on fair and reasonable terms
substantially as favorable to the Company or such Subsidiary as would be obtainable by the Company or such Subsidiary at the time in a
comparable arm’s length transaction with a Person other than an Affiliate, provided that the foregoing restriction will not apply
to transactions between or among the Company and any of its Wholly-Owned Subsidiaries or between and among any Wholly-Owned Subsidiaries.

 

SECTION 8.7     Conduct
of Business. From and after the Restatement Date, the Company shall not, and shall not permit any of its Subsidiaries to, engage in
any businesses that are material to the Company and its Subsidiaries, taken as a whole, other than the businesses engaged in by the Company
and its Subsidiaries on the Restatement Date and businesses reasonably related thereto.

 

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SECTION 8.8     Indebtedness.
The Company shall not permit any of its Subsidiaries to, directly or indirectly, incur Indebtedness (other than (a) debt securities
which are not recourse to Company or any of its Subsidiaries and which are issued by Variable Interest Entities, (b) repurchase
agreements, (c) obligations owing to any Federal Home Loan Bank secured by pledged assets, (d) obligations owing to any Federal
Reserve Bank secured by pledges of mortgage-backed securities, (e) derivatives transactions entered into in the ordinary course
of business for the purpose of asset and liability management, (f) Ordinary Course Operating Debt of AEIS and (g) Obligations
under this Agreement) if, at the time such Indebtedness is incurred and after giving effect thereto, the aggregate outstanding principal
amount of all such Indebtedness would exceed, together with the aggregate liabilities secured by Liens granted pursuant to Section 8.1(x) hereof
(without double counting), the greater of $750,000,000 and 40% of Consolidated EBITDA for the period of four Fiscal Quarters ending as
of the end of the last Fiscal Quarter or Fiscal Year (as the case may be) for which financial statements have been delivered pursuant
to Section 7.1(b) or (c).

 

ARTICLE IX

 

DEFAULT
AND REMEDIES

 

SECTION 9.1     Events
of Default. Each of the following shall constitute an Event of Default:

 

(a)    Failure
to Make Payments When Due. Failure by the Borrower to pay any principal of any Loan when due, whether at stated maturity, by acceleration,
by notice of voluntary prepayment, by mandatory prepayment or otherwise; failure by the Borrower to pay when due any amount payable to
an Issuing Lender in reimbursement of any drawing under a Letter of Credit; or failure by the Borrower to pay any interest on any Loan
or any fee or any other amount due under this Agreement within five Business Days after the date due; or

 

(b)   Default
in Other Agreements.

 

(i)             Failure
of the Company or any of its Subsidiaries to pay when due any principal of or interest on or any other amount payable in respect of one
or more items of Material Indebtedness, in each case beyond the end of any grace period provided therefor; or

 

(ii)            breach
or default by the Company or any of its Subsidiaries with respect to any other material term of (a) one or more items of Material
Indebtedness or (b) any loan agreement, mortgage, indenture or other agreement relating to such item(s) of Material Indebtedness,
if the effect of such breach or default is to cause, or to permit the holder or holders of that Material Indebtedness (or a trustee on
behalf of such holder or holders) to cause, that Material Indebtedness to become or be declared due and payable prior to its stated maturity
or the stated maturity of any underlying obligation, as the case may be (with all notices provided for therein having been given and all
grace periods provided for therein having lapsed, such that no further notice or passage of time is required in order for such holders
or such trustee to exercise such right, other than notice of their or its election to exercise such right); or

 

(c)    Breach
of Certain Covenants. Failure of the Company to perform or comply with any term or condition contained in Sections 4.14, 7.1(a),
7.2, 7.7, or Article VIII (other than (x) Section 8.1(a), 8.6, or 8.7, in each
case, to the extent such failure to comply therewith relates solely to a breach by a Subsidiary of the Company which is not a Significant
Subsidiary, and (y) Section 8.1(b), to the extent such failure to comply therewith relates solely to an agreement entered
into by a Subsidiary of the Company which is not a Significant Subsidiary) of this Agreement; or

 

(d)   Breach
of Warranty. Any representation, warranty or certification made by the Borrower in any Loan Document or in any certificate at any
time given by the Borrower in writing pursuant hereto or thereto or in connection herewith or therewith shall be false in any material
respect on the date as of which made; or

 

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(e)    Other
Defaults Under Loan Documents. The Borrower shall default in the performance of or compliance with any term contained in this Agreement
or any of the other Loan Documents, other than any such term referred to or covered in any other subsection of this Article IX,
and such default shall not have been remedied or waived within 30 days after receipt by the Borrower of notice from Administrative Agent
or any Lender of such default; or

 

(f)    Involuntary
Bankruptcy; Appointment of Receiver, etc.

 

(i)            A
court having jurisdiction in the premises shall enter a decree or order for relief in respect of the Company or any of its Subsidiaries
in an involuntary case under the Bankruptcy Code or under any other applicable bankruptcy, insolvency or similar law now or hereafter
in effect, which decree or order shall remain unstayed for a period of 60 days; or any other similar relief shall be granted under any
applicable federal or state law and shall remain unstayed for a period of 60 days; or

 

(ii)            an
involuntary case shall be commenced against the Company or any of its Subsidiaries under the Bankruptcy Code or under any other applicable
bankruptcy, insolvency or similar law now or hereafter in effect; or a decree or order of a court having jurisdiction in the premises
for the appointment of a receiver, liquidator, sequestrator, trustee, conservator, custodian or other officer having similar powers over
the Company or any of its Subsidiaries, or over all or a substantial part of its property, shall have been entered; or there shall have
occurred the involuntary appointment of an interim receiver, trustee or other custodian of the Company or any of its Subsidiaries for
all or a substantial part of its property; or a warrant of attachment, execution or similar process shall have been issued against any
substantial part of the property of the Company or any of its Subsidiaries, and any such event described in this clause (ii) shall
continue for 60 days unless dismissed, bonded or discharged; or

 

(g)   Voluntary
Bankruptcy; Appointment of Receiver, etc.

 

(i)            The
Company or any of its Subsidiaries shall have an order for relief entered with respect to it or commence a voluntary case under the Bankruptcy
Code or under any other applicable bankruptcy, insolvency or similar law now or hereafter in effect, or shall consent to the entry of
an order for relief in an involuntary case, or to the conversion of an involuntary case to a voluntary case, under any such law, or shall
consent to the appointment of or taking possession by a receiver, trustee or other custodian for all or a substantial part of its property;
or the Company or any of its Subsidiaries shall make any assignment for the benefit of creditors; or

 

(ii)           The
Company or any of its Subsidiaries shall be unable, or shall fail generally, or shall admit in writing its inability, to pay its debts
as such debts become due; or the Governing Body of the Company or any of its Subsidiaries (or any committee thereof) shall adopt any resolution
or otherwise authorize any action to approve any of the actions referred to in clause (i) above or this clause (ii); or

 

(h)   Judgments
and Attachments. Any money judgment, writ or warrant of attachment or similar process involving in the aggregate at any time an amount
in excess of $100,000,000 to the extent not adequately covered by insurance as to which a solvent and unaffiliated insurance company
has acknowledged coverage, shall be entered or filed against the Company or any of its Subsidiaries or any of their respective assets
and shall remain undischarged, unvacated, unbonded or unstayed for a period of 60 days (or in any event later than five days prior to
the date of any proposed sale thereunder); or

 

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(i)     Dissolution.
Any order, judgment or decree shall be entered against the Company or any of its Subsidiaries decreeing the dissolution or split up of
the Company or that Subsidiary (other than any such order, judgment or decree entered solely to effect a voluntary dissolution by any
Subsidiary not otherwise addressed in any clause of this Section 9.1) and such order shall remain undischarged or unstayed
for a period in excess of 60 days; or

 

(j)     Employee
Benefit Plans. There shall occur one or more ERISA Events that individually or in the aggregate result in or would reasonably be expected
to result in liability of the Company in excess of $100,000,000; or there shall exist an amount of unfunded benefit liabilities (as defined
in Section 4001(a)(18) of ERISA), individually or in the aggregate for all Pension Plans to which the Company or any of its Subsidiaries
has contributed or may be required to contribute (excluding for purposes of such computation any Pension Plans with respect to which assets
exceed benefit liabilities), which would reasonably be expected to result in a Material Adverse Effect; or

 

(k)   Change
in Control. A Change in Control shall have occurred; or

 

(l)     Licensing.
Any License of any Regulated Subsidiary (a) shall be revoked by the Governmental Authority which issued such License, or any action
(administrative or judicial) to revoke a License shall have been commenced against any Regulated Subsidiary and shall not have been dismissed
within 180 days after the commencement thereof, (b) shall be suspended by such Governmental Authority for a period in excess of thirty
(30) days or (c) shall not be reissued or renewed by such Governmental Authority upon the expiration thereof following application
for such reissuance or renewal by any Regulated Subsidiary, in each case to the extent such revocation, action, suspension, nonreissuance
or nonrenewal would reasonably be expected to have a Material Adverse Effect; or

 

(m)   Certain
Proceedings. Any (i) Regulated Subsidiary shall become subject to any conservation, rehabilitation or liquidation order, directive,
mandate, judgment, decree, injunction, or other order (whether temporary, preliminary, or permanent) issued by any Governmental Authority
which would reasonably be expected to have a Material Adverse Effect and which is not stayed or lifted within ten (10) days or (ii) Governmental
Authority shall have, after the Restatement Date, enacted, issued, promulgated, enforced in the first instance or adopted any law, rule or
regulation which has become effective and which prohibits, enjoins or otherwise restricts the operation by any Regulated Subsidiary of
its business in a manner that would reasonably be expected to have a Material Adverse Effect, after giving effect to any action taken
or in the process of being taken by the Company or such Subsidiary to mitigate the effect of, or otherwise in response to, such law,
rule or regulation; or

 

(n)   Invalidity
of Loan Documents; Repudiation of Obligations. At any time after the execution and delivery thereof, (i) any Loan Document or
any provision thereof, for any reason other than the satisfaction in full of all Obligations, shall cease to be in full force and effect
(other than in accordance with its terms) or shall be declared to be null and void, or (ii) the Borrower shall contest the validity
or enforceability of any Loan Document or any provision thereof in writing or deny in writing that it has any further liability, including
with respect to future advances by Lenders, under any Loan Document or any provision thereof:

 

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SECTION 9.2     Remedies.
Upon the occurrence and during the continuance of an Event of Default, with the consent of the Required Lenders, the Administrative Agent
may, or upon the request of the Required Lenders, the Administrative Agent shall, by notice to the Borrower:

 

(a)   Acceleration;
Termination of Credit Facility. Terminate the Revolving Credit Commitment and declare the principal of and interest on the Loans
and the Reimbursement Obligations at the time outstanding, and all other amounts owed to the Lenders and to the Administrative Agent
under this Agreement or any of the other Loan Documents and all other Obligations, to be forthwith due and payable, whereupon the same
shall immediately become due and payable without presentment, demand, protest or other notice of any kind, all of which are expressly
waived by the Borrower, anything in this Agreement or the other Loan Documents to the contrary notwithstanding, and terminate the Credit
Facility and any right of the Borrower to request borrowings or Letters of Credit thereunder; provided, that upon the occurrence
of an Event of Default specified in Section 9.1(f) or (g), the Credit Facility shall be automatically terminated
and all Obligations shall automatically become due and payable without presentment, demand, protest or other notice of any kind, all
of which are expressly waived by the Borrower, anything in this Agreement or in any other Loan Document to the contrary notwithstanding.

 

(b)   Letters
of Credit. With respect to all Letters of Credit with respect to which presentment for honor shall not have occurred at the time of
an acceleration pursuant to the preceding paragraph, demand that the Borrower deposit in a Cash Collateral account opened by the Administrative
Agent an amount equal to 103% of the aggregate then undrawn and unexpired amount of such Letters of Credit; provided, that upon
the occurrence of an Event of Default specified in Section 9.1(f) or (g) with respect to the Borrower, the
Borrower’s obligation to provide such Cash Collateral shall automatically become due and payable without presentment, demand, protest
or notice of any kind, all of which are expressly waived by the Borrower, anything in this Agreement or any other Loan Document to the
contrary notwithstanding. Amounts held in such Cash Collateral account shall be applied by the Administrative Agent to the payment of
drafts drawn under such Letters of Credit, and the unused portion thereof after all such Letters of Credit shall have expired or been
fully drawn upon, if any, shall be applied to repay the other Obligations in accordance with Section 9.4. After all such Letters
of Credit shall have expired or been fully drawn upon, the Reimbursement Obligation shall have been satisfied and all other Obligations
shall have been Paid in Full, the balance, if any, in such Cash Collateral account shall be returned to the Borrower.

 

(c)    General
Remedies. Exercise on behalf of the Lenders all of its other rights and remedies under this Agreement, the other Loan Documents and
Applicable Law, in order to satisfy all of the Obligations.

 

SECTION 9.3     Rights
and Remedies Cumulative; Non-Waiver; etc.

 

(a)   The
enumeration of the rights and remedies of the Administrative Agent and the Lenders set forth in this Agreement is not intended to be
exhaustive and the exercise by the Administrative Agent and the Lenders of any right or remedy shall not preclude the exercise of any
other rights or remedies, all of which shall be cumulative, and shall be in addition to any other right or remedy given hereunder or
under the other Loan Documents or that may now or hereafter exist at law or in equity or by suit or otherwise. No delay or failure to
take action on the part of the Administrative Agent or any Lender in exercising any right, power or privilege shall operate as a waiver
thereof, nor shall any single or partial exercise of any such right, power or privilege preclude any other or further exercise thereof
or the exercise of any other right, power or privilege or shall be construed to be a waiver of any Event of Default. No course of dealing
between the Borrower, the Administrative Agent and the Lenders or their respective agents or employees shall be effective to change,
modify or discharge any provision of this Agreement or any of the other Loan Documents or to constitute a waiver of any Event of Default.

 

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(b)   Notwithstanding
anything to the contrary contained herein or in any other Loan Document, the authority to enforce rights and remedies hereunder and under
the other Loan Documents against the Borrower shall be vested exclusively in, and all actions and proceedings at law in connection with
such enforcement shall be instituted and maintained exclusively by, the Administrative Agent in accordance with Section 9.2
for the benefit of all the Lenders and the Issuing Lenders; provided that the foregoing shall not prohibit (a) the Administrative
Agent from exercising on its own behalf the rights and remedies that inure to its benefit (solely in its capacity as Administrative Agent)
hereunder and under the other Loan Documents, (b) any Issuing Lender or the Swingline Lender from exercising the rights and remedies
that inure to its benefit (solely in its capacity as an Issuing Lender or Swingline Lender, as the case may be) hereunder and under the
other Loan Documents, (c) any Lender from exercising setoff rights in accordance with Section 11.4 (subject to the terms
of Section 4.6), or (d) any Lender from filing proofs of claim or appearing and filing pleadings on its own behalf during
the pendency of a proceeding relative to the Borrower under any Debtor Relief Law; and provided, further, that if at any
time there is no Person acting as Administrative Agent hereunder and under the other Loan Documents, then (i) the Required Lenders
shall have the rights otherwise ascribed to the Administrative Agent pursuant to Section 9.2 and (ii) in addition to
the matters set forth in clauses (b), (c) and (d) of the preceding proviso and subject to Section 4.6, any Lender
may, with the consent of the Required Lenders, enforce any rights and remedies available to it and as authorized by the Required Lenders.

 

SECTION 9.4     Crediting
of Payments and Proceeds. In the event that the Obligations have been accelerated pursuant to Section 9.2 or the Administrative
Agent or any Lender has exercised any remedy set forth in this Agreement or any other Loan Document, all payments received on account
of the Obligations and all net proceeds from the enforcement of the Obligations shall, subject to the provisions of Sections 3.11,
4.14 and 4.15, be applied by the Administrative Agent as follows:

 

First,
to payment of that portion of the Obligations constituting fees, indemnities, expenses and other amounts, including attorney fees, payable
to the Administrative Agent in its capacity as such;

 

Second,
to payment of that portion of the Obligations constituting fees (other than Facility Fees and Letter of Credit commissions payable to
the Revolving Credit Lenders), indemnities and other amounts (other than principal and interest) payable to the Lenders, the Issuing Lender
and the Swingline Lender under the Loan Documents, including attorney fees, ratably among the Lenders, the Issuing Lender and the Swingline
Lender in proportion to the respective amounts described in this clause Second payable to them;

 

Third,
to payment of that portion of the Obligations constituting accrued and unpaid Facility Fees and Letter of Credit commissions payable to
the Revolving Credit Lenders and interest on the Loans and Reimbursement Obligations, ratably among the Lenders, the Issuing Lender and
the Swingline Lender 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 Lenders in proportion to the
respective amounts described in this clause Fourth payable to them;

 

Fifth,
to the Administrative Agent for the account of the Issuing Lenders, to Cash Collateralize any L/C Obligations then outstanding; and

 

Last,
the balance, if any, after all of the Obligations have been Paid in Full, to the Borrower or as otherwise required by Applicable Law.

 

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SECTION 9.5     Administrative
Agent May File Proofs of Claim. In case of the pendency of any proceeding under any Debtor Relief Law or any other judicial proceeding
relative to the Borrower, the Administrative Agent (irrespective of whether the principal of any Loan or L/C Obligation shall then be
due and payable as herein expressed or by declaration or otherwise and irrespective of whether the Administrative Agent shall have made
any demand on the Borrower) shall be entitled and empowered (but not obligated) by intervention in such proceeding or otherwise:

 

(a)    to
file and prove a claim for the whole amount of the principal and interest owing and unpaid in respect of the Loans, L/C Obligations and
all other Obligations that are owing and unpaid and to file such other documents as may be necessary or advisable in order to have the
claims of the Lenders, the Issuing Lenders and the Administrative Agent (including any claim for the reasonable compensation, expenses,
disbursements and advances of the Lenders, the Issuing Lenders and the Administrative Agent and their respective agents and counsel and
all other amounts due the Lenders, the Issuing Lenders and the Administrative Agent under Sections 3.3, 4.3 and 11.3)
allowed in such judicial proceeding; and

 

(b)   to
collect and receive any monies or other property payable or deliverable on any such claims and to distribute the same;

 

and any custodian, receiver, assignee, trustee,
liquidator, sequestrator or other similar official in any such judicial proceeding is hereby authorized by each Lender and each Issuing
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 and the Issuing Lenders, to pay to the Administrative Agent any amount due for the reasonable compensation,
expenses, disbursements and advances of the Administrative Agent and its agents and counsel, and any other amounts due the Administrative
Agent under Sections 3.3, 4.3 and 11.3.

 

ARTICLE X

 

THE ADMINISTRATIVE
AGENT

 

SECTION 10.1   Appointment
and Authority. Each of the Lenders and each Issuing Lender hereby irrevocably appoints Wells Fargo to act on its behalf as the Administrative
Agent hereunder and under the other Loan Documents and authorizes the Administrative Agent to take such actions on its behalf and to
exercise such powers as are delegated to the Administrative Agent by the terms hereof or thereof, together with such actions and powers
as are reasonably incidental thereto. The provisions of this Article (except to the extent expressly related to the Borrower which
is set forth in Section 10.6) are solely for the benefit of the Administrative Agent, the Lenders and the Issuing Lenders,
and neither the Borrower nor any Subsidiary thereof shall have rights as a third-party beneficiary of any of such provisions. It is understood
and agreed that the use of the term “agent” herein or in any other Loan Documents (or any other similar term) with reference
to the Administrative Agent is not intended to connote any fiduciary or other implied (or express) obligations arising under agency doctrine
of any Applicable Law. Instead such term is used as a matter of market custom, and is intended to create or reflect only an administrative
relationship between contracting parties.

 

SECTION 10.2   Rights
as a Lender. The Person serving as the Administrative Agent hereunder shall have the same rights and powers in its capacity as a
Lender as any other Lender and may exercise the same as though it were not the Administrative Agent and the term “Lender”
or “Lenders” shall, unless otherwise expressly indicated or unless the context otherwise requires, include the Person serving
as the Administrative Agent hereunder in its individual capacity. Such Person and its Affiliates may accept deposits from, lend money
to, own securities of, act as the financial advisor or in any other advisory capacity for and generally engage in any kind of business
with the Borrower or any Subsidiary or other Affiliate thereof as if such Person were not the Administrative Agent hereunder and without
any duty to account therefor to the Lenders.

 

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SECTION 10.3   Exculpatory
Provisions.

 

(a)   The
Administrative Agent shall not have any duties or obligations except those expressly set forth herein and in the other Loan Documents,
and its duties hereunder and thereunder shall be administrative in nature. Without limiting the generality of the foregoing, the Administrative
Agent:

 

(i)             shall
not be subject to any fiduciary or other implied duties, regardless of whether a Default or Event of Default has occurred and is continuing;

 

(ii)            shall
not have any duty to take any discretionary action or exercise any discretionary powers, except discretionary rights and powers expressly
contemplated hereby or by the other Loan Documents that the Administrative Agent is required to exercise as directed in writing by the
Required Lenders (or such other number or percentage of the Lenders as shall be expressly provided for herein or in the other Loan Documents),
provided that the Administrative Agent shall not be required to take any action that, in its opinion or the opinion of its counsel,
may expose the Administrative Agent to liability or that is contrary to any Loan Document or Applicable Law, including for the avoidance
of doubt any action that may be in violation of the automatic stay under any Debtor Relief Law or that may effect a forfeiture, modification
or termination of property of a Defaulting Lender in violation of any Debtor Relief Law; and

 

(iii)           shall
not, except as expressly set forth herein and in the other Loan Documents, have any duty to disclose, and shall not be liable for the
failure to disclose, any information relating to the Borrower or any of its Subsidiaries or Affiliates that is communicated to or obtained
by the Person serving as the Administrative Agent or any of its Affiliates in any capacity.

 

(b)   The
Administrative Agent shall not be liable for any action taken or not taken by it (i) with the consent or at the request of the Required
Lenders (or such other number or percentage of the Lenders as shall be necessary, or as the Administrative Agent shall believe in good
faith shall be necessary, under the circumstances as provided in Section 11.2 and Section 9.2) or (ii) in
the absence of its own gross negligence or willful misconduct or the breach in bad faith of its obligations hereunder or under any other
Loan Document, as determined in each case by a court of competent jurisdiction by final nonappealable judgment. The Administrative Agent
shall be deemed not to have knowledge of any Default or Event of Default unless and until notice describing such Default or Event of Default
is given to the Administrative Agent by the Borrower, a Lender or an Issuing Lender.

 

(c)   The
Administrative Agent shall not be responsible for or have any duty to ascertain or inquire into (i) any statement, warranty or representation
made in or in connection with this Agreement or any other Loan Document, (ii) the contents of any certificate, report or other document
delivered hereunder or thereunder or in connection herewith or therewith (including, without limitation, any report provided to it by
an Issuing Lender pursuant to Section 3.9), (iii) the performance or observance of any of the covenants, agreements
or other terms or conditions set forth herein or therein or the occurrence of any Default or Event of Default, (iv) the validity,
enforceability, effectiveness or genuineness of this Agreement, any other Loan Document or any other agreement, instrument or document,
or (v) the satisfaction of any condition set forth in Article VI or elsewhere herein, other than to confirm receipt
of items expressly required to be delivered to the Administrative Agent.

 

SECTION 10.4   Reliance
by the Administrative Agent. The Administrative Agent shall be entitled to rely upon, and shall not incur any liability for relying
upon, any notice, request, certificate, consent, statement, instrument, document or other writing (including any electronic message, Internet
or intranet website posting or other distribution) believed by it to be genuine and to have been signed, sent or otherwise authenticated
by the proper Person. The Administrative Agent also may rely upon any statement made to it orally or by telephone and believed by it to
have been made by the proper Person, and shall not incur any liability for relying thereon. In determining compliance with any condition
hereunder to the making of a Loan, or the issuance, extension, renewal or increase of a Letter of Credit, that by its terms must be fulfilled
to the satisfaction of a Lender or an Issuing Lender, the Administrative Agent may presume that such condition is satisfactory to such
Lender or such Issuing Lender unless the Administrative Agent shall have received notice to the contrary from such Lender or such Issuing
Lender prior to the making of such Loan or the issuance of such Letter of Credit. The Administrative Agent may consult with legal counsel
(who may be counsel for the Borrower), independent accountants and other experts selected by it, and shall not be liable for any action
taken or not taken by it in accordance with the advice of any such counsel, accountants or experts.

 

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SECTION 10.5   Delegation
of Duties. The Administrative Agent may perform any and all of its duties and exercise its rights and powers hereunder or under any
other Loan Document by or through any one or more sub-agents appointed by the Administrative Agent. The Administrative Agent and any such
sub-agent may perform any and all of its duties and exercise its rights and powers by or through their respective Related Parties. The
exculpatory provisions of this Article shall apply to any such sub-agent and to the Related Parties of the Administrative Agent and
any such sub-agent, and shall apply to their respective activities in connection with the syndication of the Credit Facility as well as
activities as Administrative Agent. The Administrative Agent shall not be responsible for the negligence or misconduct of any sub-agents
except to the extent that a court of competent jurisdiction determines in a final and nonappealable judgment that the Administrative Agent
acted with gross negligence or willful misconduct in the selection of such sub-agents.

 

SECTION 10.6   Resignation
of Administrative Agent.

 

(a)   The
Administrative Agent may at any time give notice of its resignation to the Lenders, the Issuing Lenders and the Borrower. Upon receipt
of any such notice of resignation, the Required Lenders shall have the right, in consultation with the Borrower and subject to the consent
(not to be unreasonably withheld or delayed) of the Borrower (provided no Event of Default has occurred and is continuing at the time
of such resignation), to appoint a successor, which shall be a bank with an office in the United States, or an Affiliate of any such
bank with an office in the United States. If no such successor shall have been so appointed by the Required Lenders and shall have accepted
such appointment within 30 days after the retiring Administrative Agent gives notice of its resignation (or such earlier day as shall
be agreed by the Required Lenders) (the “Resignation Effective Date”), then the retiring Administrative Agent may
(but shall not be obligated to), on behalf of the Lenders and the Issuing Lenders, appoint a successor Administrative Agent meeting the
qualifications set forth above; provided that in no event shall any such successor Administrative Agent be a Defaulting Lender.
Whether or not a successor has been appointed, such resignation shall become effective in accordance with such notice on the Resignation
Effective Date.

 

(b)   If
the Person serving as Administrative Agent is a Defaulting Lender pursuant to clause (d) of the definition thereof, the Required
Lenders may, to the extent permitted by Applicable Law, by notice in writing to the Borrower and such Person, remove such Person as Administrative
Agent and, in consultation with the Borrower, appoint a successor meeting the qualifications set forth in clause (a) above. If no
such successor shall have been so appointed by the Required Lenders and shall have accepted such appointment within 30 days (or such earlier
day as shall be agreed by the Required Lenders) (the “Removal Effective Date”), then such removal shall nonetheless
become effective in accordance with such notice on the Removal Effective Date.

 

    102

     

    

 

(c)   With
effect from the Resignation Effective Date or the Removal Effective Date (as applicable), (i) the retiring or removed Administrative
Agent shall be discharged from its duties and obligations hereunder and under the other Loan Documents (except under Section 11.10
and except that in the case of any collateral security held by the Administrative Agent on behalf of the Lenders or the Issuing Lenders
under any of the Loan Documents, the retiring or removed Administrative Agent shall continue to hold such collateral security until such
time as a successor Administrative Agent is appointed) and (ii) except for any indemnity payments owed to the retiring or removed
Administrative Agent, all payments, communications and determinations provided to be made by, to or through the Administrative Agent
shall instead be made by or to each Lender and each Issuing Lender directly, until such time, if any, as the Required Lenders appoint
a successor Administrative Agent as provided for above. Upon the acceptance of a successor’s appointment as Administrative Agent
hereunder, such successor shall succeed to and become vested with all of the rights, powers, privileges and duties of the retiring or
removed Administrative Agent (other than any rights to indemnity payments owed to the retiring or removed Administrative Agent). The
fees payable by the Borrower to a successor Administrative Agent shall be the same as those payable to its predecessor unless otherwise
agreed between the Borrower and such successor. After the retiring or removed Administrative Agent’s resignation or removal hereunder
and under the other Loan Documents, the provisions of this Article and Section 11.3 shall continue in effect for the
benefit of such retiring or removed Administrative Agent, its sub-agents and their respective Related Parties in respect of any actions
taken or omitted to be taken by any of them while the retiring or removed Administrative Agent was acting as Administrative Agent.

 

(d)   Any
resignation by, or removal of, Wells Fargo as Administrative Agent pursuant to this Section shall also constitute its resignation
as an Issuing Lender and Swingline Lender. Upon the acceptance of a successor’s appointment as Administrative Agent hereunder,
(i) such successor shall succeed to and become vested with all of the rights, powers, privileges and duties of the retiring Issuing
Lender and Swingline Lender, (ii) the retiring Issuing Lender and Swingline Lender shall be discharged from all of their respective
duties and obligations hereunder or under the other Loan Documents (except under Section 11.10), and (iii) the successor
Issuing Lender shall issue letters of credit in substitution for the Letters of Credit, if any, outstanding at the time of such succession
or make other arrangements satisfactory to the retiring Issuing Lender to effectively assume the obligations of the retiring Issuing
Lender with respect to such Letters of Credit.

 

SECTION 10.7   Non-Reliance
on Administrative Agent and Other Lenders. Each Lender and each Issuing Lender acknowledges that it has, independently and without
reliance upon the Administrative Agent or any other Lender or any of their Related Parties and based on such documents and information
as it has deemed appropriate, made its own credit analysis and decision to enter into this Agreement. Each Lender and each Issuing Lender
also acknowledges that it will, independently and without reliance upon the Administrative Agent or any other Lender or any of their Related
Parties and based on such documents and information as it shall from time to time deem appropriate, continue to make its own decisions
in taking or not taking action under or based upon this Agreement, any other Loan Document or any related agreement or any document furnished
hereunder or thereunder.

 

SECTION 10.8   No
Other Duties, Etc. Anything herein to the contrary notwithstanding, none of the syndication agents, documentation agents, co-agents,
arrangers or bookrunners listed on the cover page hereof shall have any powers, duties or responsibilities under this Agreement or
any of the other Loan Documents, except in its capacity, as applicable, as the Administrative Agent, a Lender or an Issuing Lender hereunder.

 

SECTION 10.9   Cash
Collateral. Notwithstanding anything in this Agreement or any other Loan Document to the contrary (but subject to the provisions of
Section 3.11), in no event shall any Cash Collateral provided with respect to any Extended Letter of Credit be released without
the prior written consent of the applicable Issuing Lender of such Extended Letter of Credit.

 

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SECTION 10.10 Certain
ERISA Matters.

 

(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, each Arranger and their respective Affiliates, and not, for the avoidance of doubt, to or for the benefit of the Borrower, that
at least one of the following is and will be true:

 

(i)             such
Lender is not using “plan assets” (within the meaning of Section 3(42) of ERISA or otherwise for purposes of Title I
of ERISA or Section 4975 of the Code) of one or more Benefit Plans with respect to such Lender’s entrance into, participation
in, administration of and performance of the Loans, the Letters of Credit or the Commitments or this Agreement;

 

(ii)            the
prohibited 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 so as to exempt from the prohibitions of Section 406 of ERISA and Section 4975
of the Code such Lender’s entrance into, participation in, administration of and performance of the Loans, the Letters of Credit,
the Commitments and this Agreement;

 

(iii)           (A) such
Lender is an investment fund managed by a “Qualified Professional Asset Manager” (within the meaning of Part VI of PTE
84-14), (B) such Qualified Professional Asset Manager made the investment decision on behalf of such Lender to enter into, participate
in, administer and perform the Loans, the Letters of Credit, the Commitments and this Agreement, (C) the entrance into, participation
in, administration of and performance of the Loans, the Letters of Credit, the Commitments and this Agreement satisfies the requirements
of sub-sections (b) through (g) of Part I of PTE 84-14 and (D) to the best knowledge of such Lender, the requirements
of subsection (a) of Part I of PTE 84-14 are satisfied with respect to such Lender’s entrance into, participation in,
administration of and performance of the Loans, the Letters of Credit, the Commitments and this Agreement; or

 

(iv)          such
other representation, warranty and covenant as may be agreed in writing between the Administrative Agent, in its sole discretion, and
such Lender.

 

(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, 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, each Arranger and their respective Affiliates, and not, for the avoidance of doubt, to or
for the benefit of the Borrower, that none of the Administrative Agent, any Arranger and their respective Affiliates is 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 Letters of Credit, the 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 hereto or thereto).

 

    104

     

    

 

SECTION 10.11 Erroneous
Payments.

 

(a)    Each
Lender, each Issuing Lender, and any other party hereto hereby severally agrees that if (i) the Administrative Agent notifies (which
such notice shall be conclusive absent manifest error) such Lender or Issuing Lender or any other Person that has received funds from
the Administrative Agent or any of its Affiliates, either for its own account or on behalf of a Lender, Issuing Lender or other Person
(each such recipient, a “Payment Recipient”) that the Administrative Agent has determined in its sole discretion that
any funds received by such Payment Recipient were erroneously transmitted to, or otherwise erroneously or mistakenly received by, such
Payment Recipient (whether or not known to such Payment Recipient) or (ii) any Payment Recipient receives any payment from the
Administrative Agent (or any of its Affiliates) (x) that is in a different amount than, or on a different date from, that specified
in a notice of payment, prepayment or repayment sent by the Administrative Agent (or any of its Affiliates) with respect to such payment,
prepayment or repayment, as applicable, (y) that was not preceded or accompanied by a notice of payment, prepayment or repayment
sent by the Administrative Agent (or any of its Affiliates) with respect to such payment, prepayment or repayment, as applicable, or (z) that
such Payment Recipient otherwise becomes aware was transmitted or received in error or by mistake (in whole or in part) then, in each
case, an error in payment shall be presumed to have been made (any such amounts specified in clauses (i) or (ii) of this Section 10.11(a),
whether received as a payment, prepayment or repayment of principal, interest, fees, distribution or otherwise; individually and collectively,
an “Erroneous Payment”), then, in each case, such Payment Recipient is deemed to have knowledge of such error at the
time of its receipt of such Erroneous Payment; provided, that nothing in this Section 10.11 shall require the Administrative
Agent to provide any of the notices specified in clauses (i) or (ii) above. Each Payment Recipient agrees that it shall not
assert any right or claim to any Erroneous Payment and hereby waives any claim, counterclaim, defense or right of set-off or recoupment
with respect to any demand, claim or counterclaim by the Administrative Agent for the return of any Erroneous Payments, including without
limitation waiver of any defense based on “discharge for value” or any similar doctrine.

 

(b)   Without
limiting the immediately preceding clause (a), each Payment Recipient agrees that, in the case of clause (a)(ii) above, it shall
promptly notify the Administrative Agent in writing of such occurrence.

 

(c)    In
the case of either clause (a)(i) or (a)(ii) above, such Erroneous Payment shall at all times remain the property of the Administrative
Agent and shall be segregated by the Payment Recipient and held in trust for the benefit of the Administrative Agent, and upon demand
from the Administrative Agent such Payment Recipient shall (or, shall cause any Person who received any portion of an Erroneous Payment
on its behalf to), promptly, but in all events no later than one Business Day thereafter, return to the Administrative Agent the amount
of any such Erroneous Payment (or portion thereof) as to which such a demand was made in Same Day Funds and in the currency so received,
together with interest thereon in respect of each day from and including the date such Erroneous Payment (or portion thereof) was received
by such Payment Recipient to the date such amount is repaid to the Administrative Agent at the greater of the Federal Funds Rate and a
rate determined by the Administrative Agent in accordance with banking industry rules on interbank compensation from time to time
in effect.

 

(d)   In
the event that an Erroneous Payment (or portion thereof) is not recovered by the Administrative Agent for any reason, after demand therefor
by the Administrative Agent in accordance with immediately preceding clause (c), from any Lender that is a Payment Recipient or an Affiliate
of a Payment Recipient (such unrecovered amount as to such Lender, an “Erroneous Payment Return Deficiency”), then
at the sole discretion of the Administrative Agent and upon the Administrative Agent’s written notice to such Lender, (i) such
Lender shall be deemed to have made a cashless assignment of the full face amount of the portion of its Loans (but not its Commitments)
(the “Erroneous Payment Impacted Loans”) to the Administrative Agent or, at the option of the Administrative Agent,
the Administrative Agent’s applicable lending affiliate in an amount that is equal to the Erroneous Payment Return Deficiency (or
such lesser amount as the Administrative Agent may specify) (such assignment of the Loans (but not Commitments) of the Erroneous Payment
Impacted Loans, the “Erroneous Payment Deficiency Assignment”) plus any accrued and unpaid interest on such assigned
amount, without further consent or approval of any party hereto and without any payment by the Administrative Agent or its applicable
lending affiliate as the assignee of such Erroneous Payment Deficiency Assignment. Without limitation of its rights hereunder, the Administrative
Agent may cancel any Erroneous Payment Deficiency Assignment at any time by written notice to the applicable assigning Lender and upon
such revocation all of the Loans assigned pursuant to such Erroneous Payment Deficiency Assignment shall be reassigned to such Lender
without any requirement for payment or other consideration. The parties hereto acknowledge and agree that (1) any assignment contemplated
in this clause (d) shall be made without any requirement for any payment or other consideration paid by the applicable assignee or
received by the assignor, (2) the provisions of this clause (d) shall govern in the event of any conflict with the terms and
conditions of Section 11.9 and (3) the Administrative Agent may reflect such assignments in the Register without further
consent or action by any other Person.

 

    105

     

    

 

(e)    Each
party hereto hereby agrees that (x) in the event an Erroneous Payment (or portion thereof) is not recovered from any Payment Recipient
that has received such Erroneous Payment (or portion thereof) for any reason, the Administrative Agent (1) shall be subrogated to
all the rights of such Payment Recipient with respect to such amount and (2) is authorized to set off, net and apply any and all
amounts at any time owing to such Payment Recipient under any Loan Document, or otherwise payable or distributable by the Administrative
Agent to such Payment Recipient from any source, against any amount due to the Administrative Agent under this Section 10.11
or under the indemnification provisions of this Agreement, (y) the receipt of an Erroneous Payment by a Payment Recipient shall not
for the purpose of this Agreement be treated as a payment, prepayment, repayment, discharge or other satisfaction of any Obligations owed
by the Company or any of its Subsidiaries, except, in each case, to the extent such Erroneous Payment is, and solely with respect to the
amount of such Erroneous Payment that is, comprised of funds received by the Administrative Agent from the Company or any of its Subsidiaries
for the purpose of making for a payment on the Obligations and (z) to the extent that an Erroneous Payment was in any way or at any
time credited as payment or satisfaction of any of the Obligations, the Obligations or any part thereof that were so credited, and all
rights of the Payment Recipient, as the case may be, shall be reinstated and continue in full force and effect as if such payment or satisfaction
had never been received.

 

(f)    Each
party’s obligations under this Section 10.11 shall survive the resignation or replacement of the Administrative Agent
or any transfer of right or obligations by, or the replacement of, a Lender, the termination of the Commitments or the repayment, satisfaction
or discharge of all Obligations (or any portion thereof) under any Loan Document.

 

(g)   Nothing
in this Section 10.11 will constitute a waiver or release of any claim of any party hereunder arising from any Payment Recipient’s
receipt of an Erroneous Payment.

 

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ARTICLE XI

 

MISCELLANEOUS

 

SECTION 11.1   Notices.

 

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

 

	If to the Borrower:	Ameriprise Financial, Inc.
	 	707 2nd Avenue South, Routing: H17/022
	 	Minneapolis, MN 554402
	 	Attention: Senior Vice President, Treasurer
	 	Telephone: 612-671-3626
	 	Email:
shweta.j.jhanji@ampf.com
	 	 
	 	with a copy to:
	 	 
	 	Ameriprise Financial, Inc.
	 	707 2nd Avenue South,
	 	Minneapolis, MN 55402
	 	Attention: Wendy Mahling, Senior Vice President – Corporate
Secretary & Securities and Corporate Law
	 	Telephone: 612-671-3603
	 	Email: Wendy.Mahling@ampf.com
	 	 
	If to Administrative Agent,	 
	Swingline Lender,
or Issuing	 
	Lender:	Wells Fargo Bank, N.A.
	 	1525 West WT Harris Blvd.
	 	MAC DI109-019
	 	Charlotte, NC 28262
	 	Attention: Syndication Agency Services
	 	Telephone: (704) 590-2706
	 	Email: AgencyServices.Requsts@WellsFargo.com
	 	 
	 	Wells Fargo Financial Institutions Group
	 	90 South 7th Street
	 	Minneapolis, MN 55402
	 	MAC N9305-06H
	 	Attention: Tony Richter
	 	Telephone: (612) 316-0903
	 	Email: Anthony.Richter@wellsfargo.com
	 	 
	If to any Lender:	To
the address of such Lender set forth on the Register with respect to deliveries of notices and other documentation that may contain material
non-public information.

 

Notices sent by hand or overnight courier service,
or mailed by certified or registered mail, shall be deemed to have been given when received. Notices delivered through electronic communications
to the extent provided in paragraph (b) below, shall be effective as provided in said paragraph (b).

 

(b)   Electronic
Communications. Notices and other communications to the Lenders and the Issuing 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 or any Issuing Lender pursuant to Article II or
III if such Lender or such Issuing Lender, as applicable, has notified the Administrative Agent that is incapable of receiving
notices under such Article by electronic communication. The Administrative Agent or the Borrower may, in its discretion, agree to
accept notices and other communications to it hereunder by electronic communications pursuant to procedures approved by it, provided
that approval of such procedures 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), 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; provided that, for both clauses (i) and
(ii) above, if such notice, email or other communication is not sent during the normal business hours of the recipient, such notice,
email or other communication shall be deemed to have been sent at the opening of business on the next business day for the recipient.

 

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(c)    Administrative
Agent’s Office. The Administrative Agent hereby designates its office located at the second address set forth above, or any
subsequent office which shall have been specified for such purpose by written notice to the Borrower and Lenders, as the Administrative
Agent’s Office referred to herein, to which payments due are to be made and at which Loans will be disbursed and Letters of Credit
requested.

 

(d)   Change
of Address, Etc. Each of the Borrower, the Administrative Agent, any Issuing Lender or the Swingline Lender may change its address
for notices and other communications hereunder by notice to the other parties hereto. Any Lender may change its address for notices and
other communications hereunder by notice to the Borrower, the Administrative Agent, each Issuing Lender and the Swingline Lender.

 

(e)    Platform.

 

(i)            The
Borrower agrees that the Administrative Agent may, but shall not be obligated to, make the Borrower Materials available to the Issuing
Lenders and the other Lenders by posting the Borrower Materials on the Platform.

 

(ii)           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 or omissions in
the Borrower Materials. No warranty of any kind, express, implied or statutory, including, without limitation, any warranty of merchantability,
fitness for a particular purpose, non-infringement of third-party rights or freedom from viruses or other code defects, is made by any
Agent Party in connection with the Borrower Materials or the Platform. In no event shall the Administrative Agent or any of its Related
Parties (collectively, the “Agent Parties”) have any liability to the Borrower, any Lender or any other Person or entity
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 communications through the Internet (including, without limitation, the Platform),
except to the extent that such losses, claims, damages, liabilities or expenses are determined by a court of competent jurisdiction by
final and nonappealable judgment to have resulted from the gross negligence or willful misconduct of such Agent Party; provided
that in no event shall any Agent Party have any liability to the Borrower, any Lender, the Issuing Lender or any other Person for indirect,
special, incidental, consequential or punitive damages, losses or expenses (as opposed to actual damages, losses or expenses).

 

(f)            Private
Side Designation. 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 Applicable 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 Company or its securities for purposes of United States Federal or state securities Applicable Laws.

 

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SECTION 11.2         Amendments,
Waivers and Consents. Except as set forth below or as specifically provided in any Loan Document, any term, covenant, agreement or
condition of this Agreement or any of the other Loan Documents may be amended or waived by the Lenders, and any consent given by the Lenders,
if, but only if, such amendment, waiver or consent is in writing signed by the Required Lenders (or by the Administrative Agent with the
consent of the Required Lenders) and delivered to the Administrative Agent and, in the case of an amendment, signed by the Borrower; provided,
that no amendment, waiver or consent shall:

 

(a)      increase
or extend the Revolving Credit Commitment of any Lender (or reinstate any Revolving Credit Commitment terminated pursuant to Section 9.2)
or increase the amount of Loans of any Lender, in any case, without the written consent of such Lender;

 

(b)      waive,
extend or postpone any date fixed by this Agreement or any other Loan Document for any payment of principal, interest, fees or other amounts
due to the Lenders (or any of them) hereunder or under any other Loan Document without the written consent of each Lender directly and
adversely affected thereby;

 

(c)      reduce
the principal of, or the rate of interest specified herein on, any Loan or Reimbursement Obligation, or (subject to clause (iv) of
the proviso set forth in the paragraph below) 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; provided that only the consent of the Required Lenders
shall be necessary to waive any obligation of the Borrower to pay interest at the rate set forth in Section 4.1(b) during
the continuance of an Event of Default;

 

(d)      change
Section 4.6 or Section 9.4 in a manner that would alter the pro rata sharing of payments or order of application
required thereby without the written consent of each Lender directly and adversely affected thereby;

 

(e)      amend
the definition of “Alternative Currency” or the definition of “Currency” without the written consent of each Revolving
Credit Lender; or

 

(f)       except
as otherwise permitted by this Section 11.2, change any provision of this Section or reduce the percentages specified
in the definitions of “Required Lenders” or any other provision hereof specifying the number or percentage of Lenders required
to amend, waive or otherwise modify any rights hereunder or make any determination or grant any consent hereunder, without the written
consent of each Lender directly and adversely affected thereby;

 

provided
further, that (i) no amendment, waiver or consent shall, unless in writing and signed by each affected Issuing Lender
in addition to the Lenders required above, affect the rights or duties of such Issuing Lender under this Agreement (including, without
limitation, Section 10.9) or any Letter of Credit Application relating to any Letter of Credit issued or to be issued by it;
(ii) no amendment, waiver or consent shall, unless in writing and signed by the Swingline Lender in addition to the Lenders required
above, affect the rights or duties of the Swingline Lender under this Agreement; (iii) no amendment, waiver or consent shall, unless
in writing and signed by the Administrative Agent in addition to the Lenders required above, affect the rights or duties of the Administrative
Agent under this Agreement or any other Loan Document; (iv) each Fee Letter may be amended, or rights or privileges thereunder waived,
in a writing executed only by the parties thereto, (v) each Letter of Credit Application and each cash collateral agreement or other
document entered into in connection with an Extended Letter of Credit may be amended, or rights or privileges thereunder waived, in a
writing executed only by the parties thereto; provided that a copy of such amended Letter of Credit Application, cash collateral
agreement or other document, as the case may be, shall be promptly delivered to the Administrative Agent upon such amendment or waiver,
and (vi) the Administrative Agent and the Borrower shall be permitted to amend any provision of the Loan Documents (and such amendment
shall become effective without any further action or consent of any other party to any Loan Document) if the Administrative Agent and
the Borrower shall have jointly identified an obvious error or any error, ambiguity, defect or inconsistency or omission of a technical
or immaterial nature in any such provision. Notwithstanding anything to the contrary herein, no Defaulting Lender shall have any right
to approve or disapprove any amendment, waiver or consent hereunder, except that (A) the Revolving Credit Commitment of such Lender
may not be increased or extended without the consent of such Lender, and (B) any amendment, waiver, or consent hereunder which requires
the consent of all Lenders or each affected Lender that by its terms disproportionately and adversely affects any such Defaulting Lender
relative to other affected Lenders shall require the consent of such Defaulting Lender.

 

    109 

     

    

 

Notwithstanding
anything in this Agreement to the contrary, each Lender hereby irrevocably authorizes the Administrative Agent on its behalf, and without
further consent, to enter into amendments or modifications to this Agreement (including, without limitation, amendments to this Section 11.2)
or any of the other Loan Documents or to enter into additional Loan Documents as the Administrative Agent reasonably deems appropriate
in order to effectuate the terms of Section 4.13 (including, without limitation, as applicable, (1) to permit
the Incremental Loan Commitments and Incremental Loans to share ratably in the benefits of this Agreement and the other Loan Documents
and (2) to include the Incremental Loan Commitment or outstanding Incremental Loans, as applicable, in any determination of (i) Required
Lenders or (ii) similar required lender terms applicable thereto); provided that no amendment or modification shall result
in any increase in the amount of any Lender’s Revolving Credit Commitment or any increase in any Lender’s Revolving Credit
Commitment Percentage, in each case, without the written consent of such affected Lender.

 

SECTION 11.3          Expenses;
Indemnity.

 

(a)     Costs
and Expenses. The Borrower shall pay (i) all reasonable and documented out of pocket expenses incurred by the Administrative
Agent and its Affiliates (including the reasonable and documented fees, charges and disbursements of counsel for the Administrative Agent,
but limited to the reasonable and documented fees, charges and disbursements of one counsel therefor and, if reasonably necessary, a single
local counsel in each relevant jurisdiction and with respect to each relevant specialty) in connection with the syndication of the Credit
Facility, the preparation, negotiation, execution, delivery and administration of this Agreement and the other Loan Documents or (together
with all reasonable and documented fees and time charges for attorneys who may be employees of the Administrative Agent) any amendments,
modifications or waivers of the provisions hereof or thereof (whether or not the transactions contemplated hereby or thereby shall be
consummated), (ii) all reasonable and documented out of pocket expenses incurred by any Issuing Lender in connection with the issuance,
amendment, renewal or extension of any Letter of Credit or any demand for payment thereunder and (iii) all out of pocket expenses
incurred by the Administrative Agent, any Lender or any Issuing Lender (including the fees, charges and disbursements of any counsel for
the Administrative Agent, any Lender or any Issuing Lender), and all fees and time charges for attorneys who may be employees of the Administrative
Agent, any Lender or any Issuing Lender, in connection with the enforcement or protection of its rights (A) in connection with this
Agreement and the other Loan Documents, including its rights under this Section, or (B) in connection with the Loans made or Letters
of Credit issued hereunder, including all such out of pocket expenses incurred during any workout, restructuring or negotiations in respect
of such Loans or Letters of Credit.

 

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(b)     Indemnification
by the Borrower. The Borrower shall indemnify the Administrative Agent (and any sub-agent thereof), each Lender and each Issuing
Lender, and each Related Party of any of the foregoing Persons (each such Person being called an “Indemnitee”) against,
and hold each Indemnitee harmless from, and shall pay or reimburse any such Indemnitee for, any and all losses, claims (including, without
limitation, any Environmental Claims), penalties, damages, liabilities and related reasonable and documented expenses (including the
reasonable and documented fees, charges and disbursements of any counsel for any Indemnitee) and shall indemnify and hold harmless, each
Indemnitee from, and shall pay or reimburse any such Indemnitee for, all reasonable and documented fees and time charges and disbursements
for attorneys who may be employees of any Indemnitee, incurred by any Indemnitee or asserted against any Indemnitee by any Person (including
the Borrower), arising out of, in connection with, or as a result of (i) the execution or delivery of this Agreement, any other
Loan Document or any agreement or instrument contemplated hereby or thereby, the performance by the parties hereto of their respective
obligations hereunder or thereunder or the consummation of the transactions contemplated hereby or thereby (including, without limitation,
the Transactions), (ii) any Loan or Letter of Credit or the use or proposed use of the proceeds therefrom (including any refusal
by any Issuing Lender to honor a demand for payment under a Letter of Credit if the documents presented in connection with such demand
do not strictly comply with the terms of such Letter of Credit), (iii) any actual or alleged presence or release of Hazardous Materials
on or from any property owned or operated by the Borrower or any Subsidiary thereof, or any Environmental Claim related in any way to
the Borrower or any Subsidiary, (iv) any actual or prospective claim, litigation, investigation or proceeding relating to any of
the foregoing, whether based on contract, tort or any other theory, whether brought by a third party or by the Borrower or any Subsidiary
thereof, and regardless of whether any Indemnitee is a party thereto, or (v) any claim (including, without limitation, any Environmental
Claims), investigation, litigation or other proceeding (whether or not the Administrative Agent or any Lender is a party thereto) and
the prosecution and defense thereof, arising out of or in any way connected with the Loans, this Agreement, any other Loan Document,
or any documents contemplated by or referred to herein or therein or the transactions contemplated hereby or thereby, including without
limitation, reasonable and documented attorneys and consultant’s fees, provided that such indemnity shall not, as to any
Indemnitee, be available to the extent that such losses, claims, damages, liabilities or related expenses (A) are determined by
a court of competent jurisdiction by final and non-appealable judgment to have resulted from the gross negligence or willful misconduct
or breach in bad faith of such Indemnitee, (B) result from a claim brought by Borrower or any Subsidiary thereof against an Indemnitee
for breach in bad faith of such Indemnitee’s funding obligations hereunder, if Borrower or such Subsidiary has obtained a final
and non-appealable judgment in its favor on such claim as determined by a court of competent jurisdiction or (C) any dispute solely
among Indemnitees, other than any claims against any Indemnitee in its respective capacity or in fulfilling its role as Administrative
Agent or an Arranger or any similar role under this Agreement or any other Loan Document, and other than any claims arising out of any
act or omission on the part of Company or its Subsidiaries or Affiliates. This Section 11.3(b) shall not apply with
respect to Taxes other than any Taxes that represent losses, claims, damages, etc. arising from any non-Tax claim.

 

(c)     Reimbursement
by Lenders. To the extent that the Borrower for any reason fails to indefeasibly pay any amount required under clause (a) or
(b) of this Section to be paid by it to the Administrative Agent (or any sub-agent thereof), any Issuing Lender, the Swingline
Lender or any Related Party of any of the foregoing, each Lender severally agrees to pay to the Administrative Agent (or any such sub-agent),
such Issuing Lender, the Swingline Lender or such Related Party, as the case may be, such Lender’s pro rata share (determined
as of the time that the applicable unreimbursed expense or indemnity payment is sought based on each Lender’s share of the Total
Credit Exposure at such time, or if the Total Credit Exposure has been reduced to zero, then based on such Lender’s share of the
Total Credit Exposure immediately prior to such reduction) of such unpaid amount (including any such unpaid amount in respect of a claim
asserted by such Lender); provided that with respect to such unpaid amounts owed to any Issuing Lender or the Swingline Lender
solely in its capacity as such, only the Revolving Credit Lenders shall be required to pay such unpaid amounts, such payment to be made
severally among them based on such Revolving Credit Lenders’ Revolving Credit Commitment Percentage (determined as of the time that
the applicable unreimbursed expense or indemnity payment is sought or, if the Revolving Credit Commitment has been reduced to zero as
of such time, determined immediately prior to such reduction); provided, further, that the unreimbursed expense or indemnified
loss, claim, damage, liability or related expense, as the case may be, was incurred by or asserted against the Administrative Agent (or
any such sub-agent), such Issuing Lender or the Swingline Lender in its capacity as such, or against any Related Party of any of the foregoing
acting for the Administrative Agent (or any such sub-agent), such Issuing Lender or the Swingline Lender in connection with such capacity.
The obligations of the Lenders under this clause (c) are subject to the provisions of Section 4.7.

 

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(d)    Waiver
of Consequential Damages, Etc. To the fullest extent permitted by Applicable Law, the Borrower shall not assert, and hereby waives,
any claim against any Indemnitee, and neither the Administrative Agent nor any Lender shall assert and each hereby waives, any claim against
Borrower, on any theory of liability, for special, indirect, consequential or punitive damages (as opposed to direct or actual damages)
arising out of, in connection with, or as a result of, this Agreement, any other Loan Document or any agreement or instrument contemplated
hereby, the transactions contemplated hereby or thereby, any Loan or Letter of Credit or the use of the proceeds thereof; provided, Borrower
shall remain responsible for any such damages paid or required to be paid by any Indemnitee to any Person for which such Indemnitee is
entitled to reimbursement or indemnification as set forth herein. No Indemnitee referred to in clause (b) above shall be liable
for any damages arising from the use by unintended recipients of any information or other materials distributed by it through telecommunications,
electronic or other information transmission systems in connection with this Agreement or the other Loan Documents or the transactions
contemplated hereby or thereby.

 

(e)     Payments.
All amounts due under this Section shall be payable promptly after demand therefor.

 

(f)     Survival.
Each party’s obligations under this Section shall survive the termination of the Loan Documents and payment of the obligations
hereunder.

 

SECTION 11.4          Right
of Setoff. If an Event of Default shall have occurred and be continuing, each Lender, each Issuing Lender, the Swingline Lender and
each of their respective Affiliates is hereby authorized at any time and from time to time, to the fullest extent permitted by Applicable
Law, to setoff and apply any and all deposits (general or special, time or demand, provisional or final, in whatever currency) at any
time held and other obligations (in whatever currency) at any time owing by such Lender, such Issuing Lender, the Swingline Lender or
any such Affiliate to or for the credit or the account of the Borrower against any and all of the obligations of the Borrower now or hereafter
existing under this Agreement or any other Loan Document to such Lender, such Issuing Lender or the Swingline Lender or any of their respective
Affiliates, irrespective of whether or not such Lender, such Issuing Lender, the Swingline Lender or any such Affiliate shall have made
any demand under this Agreement or any other Loan Document and although such obligations of the Borrower may be contingent or unmatured
or are owed to a branch or office of such Lender, such Issuing Lender, the Swingline Lender or such Affiliate different from the branch,
office or Affiliate holding such deposit or obligated on such indebtedness; provided that in the event that any Defaulting Lender
or any Affiliate thereof shall exercise any such right of setoff, (x) all amounts so setoff shall be paid over immediately to the
Administrative Agent for further application in accordance with the provisions of Section 4.15 and, pending such payment,
shall be segregated by such Defaulting Lender or Affiliate of a Defaulting Lender from its other funds and deemed held in trust for the
benefit of the Administrative Agent, the Issuing Lenders, the Swingline Lender and the Lenders, and (y) the Defaulting Lender or
its Affiliate shall provide promptly to the Administrative Agent a statement describing in reasonable detail the Obligations owing to
such Defaulting Lender or any of its Affiliates as to which such right of setoff was exercised. The rights of each Lender, each Issuing
Lender, the Swingline Lender and their respective Affiliates under this Section are in addition to other rights and remedies (including
other rights of setoff) that such Lender, such Issuing Lender, the Swingline Lender or their respective Affiliates may have. Each Lender,
such Issuing Lender and the Swingline Lender agree to notify the Borrower and the Administrative Agent promptly after any such setoff
and application; provided that the failure to give such notice shall not affect the validity of such setoff and application.

 

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SECTION 11.5          Governing
Law; Jurisdiction, Etc.

 

(a)     Governing
Law. This Agreement and the other Loan Documents and any claim, controversy, dispute or cause of action (whether in contract or tort
or otherwise) based upon, arising out of or relating to this Agreement or any other Loan Document (except, as to any other Loan Document,
as expressly set forth therein) and the transactions contemplated hereby and thereby shall be governed by, and construed in accordance
with, the law of the State of New York.

 

(b)     Submission
to Jurisdiction. The Borrower irrevocably and unconditionally agrees that it will not commence any action, litigation or proceeding
of any kind or description, whether in law or equity, whether in contract or in tort or otherwise, against the Administrative Agent, any
Lender, any Issuing Lender, the Swingline Lender, or any Related Party of the foregoing in any way relating to this Agreement or any other
Loan Document or the transactions relating hereto or thereto, in any forum other than the courts of the State of New York sitting in New
York County, and of the United States District Court of the Southern District of New York, and any appellate court from any thereof, and
each of the parties hereto irrevocably and unconditionally submits to the exclusive jurisdiction of such courts and agrees that all claims
in respect of any such action, litigation or proceeding may be heard and determined in such New York State court or, to the fullest extent
permitted by Applicable Law, in such federal court.  Each of the parties hereto agrees that a final judgment in any such action,
litigation or proceeding shall be conclusive and may be enforced in other jurisdictions by suit on the judgment or in any other manner
provided by law. Nothing in this Agreement or in any other Loan Document shall affect any right that the Administrative Agent, any Lender,
any Issuing Lender or the Swingline Lender may otherwise have to bring any action or proceeding relating to this Agreement or any other
Loan Document against the Borrower or its properties in the courts of any jurisdiction.

 

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

 

(d)     Service
of Process. Each party hereto irrevocably consents to service of process in the manner provided for notices in Section 11.1.
Nothing in this Agreement will affect the right of any party hereto to serve process in any other manner permitted by Applicable Law.

 

SECTION 11.6          Waiver
of Jury Trial. EACH PARTY HERETO HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY RIGHT IT MAY HAVE
TO A TRIAL BY JURY IN ANY LEGAL PROCEEDING DIRECTLY OR INDIRECTLY ARISING OUT OF OR RELATING TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT
OR THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY (WHETHER BASED ON CONTRACT, TORT OR ANY OTHER THEORY). EACH PARTY HERETO (A) CERTIFIES
THAT NO REPRESENTATIVE, AGENT OR ATTORNEY OF ANY OTHER PERSON HAS REPRESENTED, EXPRESSLY OR OTHERWISE, THAT SUCH OTHER PERSON WOULD NOT, IN
THE EVENT OF LITIGATION, SEEK TO ENFORCE THE FOREGOING WAIVER AND (B) ACKNOWLEDGES THAT IT AND THE OTHER PARTIES HERETO HAVE BEEN
INDUCED TO ENTER INTO THIS AGREEMENT AND THE OTHER LOAN DOCUMENTS BY, AMONG OTHER THINGS, THE MUTUAL WAIVERS AND CERTIFICATIONS IN THIS
SECTION.

 

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SECTION 11.7          Reversal
of Payments. To the extent the Borrower makes a payment or payments to the Administrative Agent for the ratable benefit of any of
the Lenders or to any Lender directly or the Administrative Agent or any Lender exercises its right of setoff, which payments or proceeds
of such setoff or any part thereof are subsequently invalidated, declared to be fraudulent or preferential, set aside and/or required
to be repaid to a trustee, receiver or any other party under any Debtor Relief Law, other Applicable Law or equitable cause, then, to
the extent of such payment or proceeds repaid, the Obligations or part thereof intended to be satisfied shall be revived and continued
in full force and effect as if such payment or proceeds had not been received by the Administrative Agent, and each Lender and each Issuing
Lender severally agrees to pay to the Administrative Agent upon demand its applicable ratable share (without duplication) of any amount
so recovered from or repaid by the Administrative Agent plus interest thereon at a per annum rate equal to the Federal Funds Rate from
the date of such demand to the date such payment is made to the Administrative Agent.

 

SECTION 11.8          Injunctive
Relief. The Borrower recognizes that, in the event the Borrower fails to perform, observe or discharge any of its obligations or liabilities
under this Agreement, any remedy of law may prove to be inadequate relief to the Lenders. Therefore, the Borrower agrees that the Lenders,
at the Lenders’ option, shall be entitled to temporary and permanent injunctive relief in any such case without the necessity of
proving actual damages.

 

SECTION 11.9          Successors
and Assigns; Participations.

 

(a)     Successors
and Assigns Generally. The provisions of this Agreement shall be binding upon and inure to the benefit of the parties hereto and their
respective successors and assigns permitted hereby, except that the Company may not assign or otherwise transfer any of its rights or
obligations hereunder without the prior written consent of the Administrative Agent and each Lender, no Designated Borrower may assign
or otherwise transfer any of its rights or obligations hereunder without the prior written consent of the Administrative Agent and each
Lender, except in connection with the termination of a Designated Borrower’s status as such under Section 2.8, a merger
or consolidation or a disposition permitted under Section 8.5, and no Lender may assign or otherwise transfer any of its rights
or obligations hereunder except (i) to an assignee in accordance with the provisions of paragraph (b) of this Section,
(ii) by way of participation in accordance with the provisions of paragraph (d) of this Section or (iii) by way
of pledge or assignment of a security interest subject to the restrictions of paragraph (e) of this Section (and any other
attempted assignment or transfer by any party hereto shall be null and void). Nothing in this Agreement, expressed or implied, shall be
construed to confer upon any Person (other than the parties hereto, their respective successors and assigns permitted hereby, Participants
to the extent provided in paragraph (d) of this Section and, to the extent expressly contemplated hereby, the Related Parties
of each of the Administrative Agent and the Lenders) any legal or equitable right, remedy or claim under or by reason of this Agreement.

 

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(b)     Assignments
by Lenders. Any Lender may at any time assign to one or more assignees all or a portion of its rights and obligations under this Agreement
(including all or a portion of its Revolving Credit Commitment and the Loans at the time owing to it); provided that, in each case
with respect to any Credit Facility, any such assignment shall be subject to the following conditions:

 

(i)            Minimum
Amounts.

 

(A)           in
the case of an assignment of the entire remaining amount of the assigning Lender’s Revolving Credit Commitment and/or the Loans
at the time owing to it (in each case with respect to any Credit Facility) or contemporaneous assignments to related Approved Funds (determined
after giving effect to such assignments) that equal at least the amount specified in paragraph (b)(i)(B) of this Section in
the aggregate or in the case of an assignment to a Lender, an Affiliate of a Lender or an Approved Fund, no minimum amount need be assigned;
and

 

(B)            in
any case not described in paragraph (b)(i)(A) of this Section, the aggregate amount of the Revolving Credit Commitment (which
for this purpose includes Loans outstanding thereunder) or, if the Revolving Credit Commitment is not then in effect, the principal outstanding
balance of the Loans of the assigning Lender subject to each such assignment (determined as of the date the Assignment and Assumption
with respect to such assignment is delivered to the Administrative Agent or, if “Trade Date” is specified in the Assignment
and Assumption, as of the Trade Date) shall not be less than $5,000,000, in the case of any assignment in respect of the Revolving Credit
Facility, unless each of the Administrative Agent and, so long as no Event of Default has occurred and is continuing, the Company otherwise
consents (each such consent not to be unreasonably withheld or delayed); provided that the Company shall be deemed to have given
its consent five (5) Business Days after the date written notice thereof has been delivered by the assigning Lender (through the
Administrative Agent) unless such consent is expressly refused by the Company prior to such fifth (5th) Business Day;

 

(ii)            Proportionate
Amounts. Each partial assignment shall be made as an assignment of a proportionate part of all the assigning Lender’s rights
and obligations under this Agreement with respect to the Loan or the Revolving Credit Commitment assigned;

 

(iii)            Required
Consents. No consent shall be required for any assignment except to the extent required by paragraph (b)(i)(B) of this Section and,
in addition:

 

(A)           the
consent of the Company (such consent not to be unreasonably withheld or delayed) shall be required unless (x) an Event of Default
has occurred and is continuing at the time of such assignment or (y) such assignment is to a Lender, an Affiliate of a Lender (provided
that such Affiliate has a long-term non-enhanced unsecured debt rating of at least A (in the case of S&P) or A3 (in the case of Moody’s))
or an Approved Fund; provided, that the Company shall be deemed to have consented to any such assignment unless it shall object
thereto by written notice to the Administrative Agent within 5 Business Days after having received notice thereof;

 

(B)            the
consent of the Administrative Agent (such consent not to be unreasonably withheld or delayed) shall be required for assignments in respect
of the Revolving Credit Facility if such assignment is to a Person that is not a Lender with a Revolving Credit Commitment, an Affiliate
of such Lender (provided that such Affiliate has a long-term non-enhanced unsecured debt rating of at least A (in the case of S&P)
or A3 (in the case of Moody’s)) or an Approved Fund with respect to such Lender; and

 

(C)            the
consents of the Issuing Lenders and the Swingline Lender (such consents not to be unreasonably withheld or delayed) shall be required
for any assignment in respect of the Revolving Credit Facility.

 

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(iv)            Assignment
and Assumption. The parties to each assignment shall execute and deliver to the Administrative Agent an Assignment and Assumption,
together with a processing and recordation fee of $3,500 for each assignment; provided that (A) only one such fee will be
payable in connection with simultaneous assignments to two or more related Approved Funds by a Lender and (B) the Administrative
Agent may, in its sole discretion, elect to waive such processing and recordation fee in the case of any assignment. The assignee, if
it is not a Lender, shall deliver to the Administrative Agent an Administrative Questionnaire.

 

(v)             No
Assignment to Certain Persons. No such assignment shall be made to (A) the Borrower or any of its Subsidiaries or Affiliates
or (B) any Defaulting Lender or any of its Subsidiaries, or any Person who, upon becoming a Lender hereunder, would constitute any
of the foregoing Persons described in this clause (B).

 

(vi)            No
Assignment to Natural Persons. No such assignment shall be made to a natural Person (or a holding company, investment vehicle or trust
for, or owned and operated for the primary benefit of, a natural Person).

 

(vii)            Certain
Additional Payments. In connection with any assignment of rights and obligations of any Defaulting Lender hereunder, no such assignment
shall be effective unless and until, in addition to the other conditions thereto set forth herein, the parties to the assignment shall
make such additional payments to the Administrative Agent in an aggregate amount sufficient, upon distribution thereof as appropriate
(which may be outright payment, purchases by the assignee of participations or subparticipations, or other compensating actions, including
funding, with the consent of the Borrower and the Administrative Agent, the applicable pro rata share of Loans previously
requested, but not funded by, the Defaulting Lender, to each of which the applicable assignee and assignor hereby irrevocably consent),
to (A) pay and satisfy in full all payment liabilities then owed by such Defaulting Lender to the Administrative Agent, the Issuing
Lenders, the Swingline Lender and each other Lender hereunder (and interest accrued thereon), and (B) acquire (and fund as appropriate)
its full pro rata share of all Loans and participations in Letters of Credit and Swingline Loans in accordance with
its Revolving Credit Commitment Percentage. Notwithstanding the foregoing, in the event that any assignment of rights and obligations
of any Defaulting Lender hereunder shall become effective under Applicable Law without compliance with the provisions of this paragraph,
then the assignee of such interest shall be deemed to be a Defaulting Lender for all purposes of this Agreement until such compliance
occurs.

 

Subject to acceptance and recording thereof by
the Administrative Agent pursuant to paragraph (c) of this Section, from and after the effective date specified in each Assignment
and Assumption, the assignee thereunder shall be a party to this Agreement and, to the extent of the interest assigned by such Assignment
and Assumption, have the rights and obligations of a Lender under this Agreement, and the assigning Lender thereunder shall, to the extent
of the interest assigned by such Assignment and Assumption, be released from its obligations under this Agreement (and, in the case of
an Assignment and Assumption covering all of the assigning Lender’s rights and obligations under this Agreement, such Lender shall
cease to be a party hereto) but shall continue to be entitled to the benefits of Sections 4.8, 4.9, 4.10, 4.11
and 11.3 with respect to facts and circumstances occurring prior to the effective date of such assignment and shall continue to
be bound by Section 11.10; provided, that except to the extent otherwise expressly agreed by the affected parties,
no assignment by a Defaulting Lender will constitute a waiver or release of any claim of any party hereunder arising from that Lender’s
having been a Defaulting Lender. Any assignment or transfer by a Lender of rights or obligations under this Agreement that does not comply
with this paragraph shall be treated for purposes of this Agreement as a sale by such Lender of a participation in such rights and obligations
in accordance with paragraph (d) of this Section (other than a purported assignment to a natural Person or the Borrower
or any of the Borrower’s Subsidiaries or Affiliates, which shall be null and void).

 

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(c)            Register.
The Administrative Agent, acting solely for this purpose as a non-fiduciary agent of the Borrower, shall maintain at one of its offices
in Charlotte, North Carolina, a copy of each Assignment and Assumption and each Lender Joinder Agreement delivered to it and a register
for the recordation of the names and addresses of the Lenders, and the Revolving Credit Commitment of, and principal amounts of (and
stated interest on) 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 manifest error, and the Borrower, the Administrative Agent and the Lenders shall
treat each Person whose name is recorded in the Register pursuant to the terms hereof as a Lender hereunder for all purposes of this
Agreement. The Register shall be available for inspection by the Borrower and any Lender (but only to the extent of entries in the Register
that are applicable to such Lender), at any reasonable time and from time to time upon reasonable prior notice.

 

(d)            Participations.
Any Lender may at any time, without the consent of, or notice to, the Borrower or the Administrative Agent, sell participations to any
Person (other than a natural Person, or a holding company, investment vehicle or trust for, or owned and operated for the primary benefit
of, a natural Person, or the Borrower or any of the Borrower’s Subsidiaries or Affiliates) (each, a “Participant”)
in all or a portion of such Lender’s rights and/or obligations under this Agreement (including all or a portion of its Revolving
Credit 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 Administrative Agent, the Issuing Lender, the Swingline Lender 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. For the
avoidance of doubt, each Lender shall be responsible for the indemnity under Section 11.3(c) with respect to any payments
made by such Lender to its Participant(s).

 

Any
agreement or instrument pursuant to which a Lender sells such a participation shall provide that such Lender shall retain the sole right
to enforce this Agreement and to approve any amendment, modification or waiver of any provision of this Agreement; provided that
such agreement or instrument may provide that such Lender will not, without the consent of the Participant, agree to any amendment, modification
or waiver described in Section 11.2(b), (c), (d) or (e) that directly and adversely affects
such Participant. The Borrower agrees that each Participant shall be entitled to the benefits of Sections 4.9, 4.10 and
4.11 (subject to the requirements and limitations therein, including the requirements under Section 4.11(g) (it
being understood that the documentation required under Section 4.11(g) shall be delivered to the participating Lender))
to the same extent as if it were a Lender and had acquired its interest by assignment pursuant to paragraph (b) of this Section;
provided that such Participant (A) agrees to be subject to the provisions of Section 4.12 as if it were an assignee
under paragraph (b) of this Section; and (B) shall not be entitled to receive any greater payment under Sections 4.10
or 4.11, with respect to any participation, than its participating Lender would have been entitled to receive, except to the extent
such entitlement to receive a greater payment results from a Change in Law that occurs after the Participant acquired the applicable participation.
Each Lender that sells a participation agrees, at the Borrower’s request and expense, to use reasonable efforts to cooperate with
the Borrower to effectuate the provisions of Section 4.12(b) with respect to any Participant. To the extent permitted
by law, each Participant also shall be entitled to the benefits of Section 11.4 as though it were a Lender; provided
that such Participant agrees to be subject to Section 4.6 and Section 11.4 as though it were a Lender.

 

Each Lender that sells a participation
shall, acting solely for this purpose as a non-fiduciary agent of the Borrower, maintain a register on which it enters the name and address
of each Participant and the principal amounts of (and stated interest on) each Participant’s interest in the Loans or other obligations
under the Loan Documents (the “Participant Register”); provided that no Lender shall have any obligation to
disclose all or any portion of the Participant Register (including the identity of any Participant or any information relating to a Participant’s
interest in any commitments, loans, letters of credit or its other obligations under any Loan Document) to any Person except to the extent
that such disclosure is necessary to establish that such commitment, loan, letter of credit or other obligation is in registered form
under Section 5f.103-1(c) of the United States Treasury Regulations. The entries in the Participant Register shall be conclusive
absent manifest error, and such Lender shall treat each Person whose name is recorded in the Participant Register as the owner of such
participation for all purposes of this Agreement notwithstanding any notice to the contrary. For the avoidance of doubt, the Administrative
Agent (in its capacity as Administrative Agent) shall have no responsibility for maintaining a Participant Register.

 

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(e)            Certain
Pledges. Any Lender may at any time pledge or assign a security interest in all or any portion of its rights under this Agreement
to secure obligations of such Lender, including without limitation any pledge or assignment to secure obligations to a Federal Reserve
Bank; provided that no such pledge or assignment shall release such Lender from any of its obligations hereunder or substitute
any such pledgee or assignee for such Lender as a party hereto.

 

(f)            Cashless
Settlement. Notwithstanding anything to the contrary contained in this Agreement, any Lender may exchange, continue or rollover all
or a portion of its Loans in connection with any refinancing, extension, loan modification or similar transaction permitted by the terms
of this Agreement, pursuant to a cashless settlement mechanism approved by the Borrower, the Administrative Agent and such Lender.

 

SECTION 11.10        Treatment
of Certain Information; Confidentiality. Each of the Administrative Agent, the Lenders and the Issuing Lender agrees to maintain the
confidentiality of the Information (as defined below), except that Information may be disclosed (a) to its Affiliates and to its
and its Affiliates’ respective Related Parties in connection with the Credit Facility, this Agreement, the transactions contemplated
hereby or in connection with marketing of services by such Affiliate or Related Party to the Borrower or any of its Subsidiaries (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 required or requested by, or required to be disclosed to, any regulatory
or similar authority purporting to have jurisdiction over such Person or its Related Parties (including any self-regulatory authority,
such as the National Association of Insurance Commissioners) or in accordance with the Administrative Agent’s, the Issuing Lender’s
or any Lender’s regulatory compliance policy if the Administrative Agent, the Issuing Lender or such Lender, as applicable, deems
such disclosure to be necessary for the mitigation of claims by those authorities against the Administrative Agent, the Issuing lender
or such Lender, as applicable, or any of its Related Parties (in which case, the Administrative Agent, the Issuing Lender or such Lender,
as applicable, shall use commercially reasonable efforts to, except with respect to any audit or examination conducted by bank accountants
or any governmental bank regulatory authority exercising examination or regulatory authority, promptly notify the Borrower, in advance,
to the extent practicable and otherwise permitted by Applicable Law), (c) as to the extent required by Applicable Laws or regulations
or by subpoena or similar legal process in any legal, judicial, administrative proceeding or other compulsory process, (d) to any
other party hereto, (e) in connection with the exercise of any remedies under this Agreement, 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,
(f) subject to an agreement containing provisions substantially the same as those of this Section, to (i) any assignee of or
Participant in, or any prospective assignee of or Participant in, any of its rights and obligations under this Agreement, (ii) any
actual or prospective party (or its Related Parties) to any swap, derivative or other transaction under which payments are to be made
by reference to the Company and its obligations, this Agreement or payments hereunder, (iii) to a trustee, collateral manager, servicer,
backup servicer, noteholder or secured party in an Approved Fund in connection with the administration, servicing and reporting on the
assets serving as collateral for an Approved Fund, (iv) to a nationally recognized rating agency that requires access to information
regarding the Company and its Subsidiaries, the Loans and the Loan Documents in connection with ratings issued with respect to an Approved
Fund, (v) any direct or indirect contractual counterparty or prospective counterparty (or such contractual counterparty’s or
prospective counterparty’s professional advisor) to any credit derivative transaction relating to obligations of the Company or
(vi) any credit insurance provider relating to obligations of the Company, (g) on a confidential basis to (i) any rating
agency in connection with rating the Company or its Subsidiaries or the Credit Facility or (ii) the CUSIP Service Bureau or any similar
agency in connection with the issuance and monitoring of CUSIP numbers with respect to the Credit Facility, (h) with the consent
of the Company, (i) deal terms and other information customarily reported to Thomson Reuters, other bank market data collectors and
similar service providers to the lending industry, (j) to the extent such Information (i) becomes publicly available other than
as a result of a breach of this Section or (ii) becomes available to the Administrative Agent, any Lender, any Issuing Lender
or any of their respective Affiliates from a third party that is not, to such Person’s knowledge, subject to confidentiality obligations
to the Company or any of its Subsidiaries, (k) to the extent that such information is independently developed by such Person, or
(l) for purposes of establishing a “due diligence” defense. In addition, the Administrative Agent and the Lenders may
disclose the existence of the Loan Documents and information about the Loan Documents to service providers to the Administrative Agent
and the Lenders in connection with the administration or servicing of the Loan Documents and the Revolving Credit Commitments. For purposes
of this Section, “Information” means all information received from the Company or any Subsidiary thereof relating to
the Company or any Subsidiary thereof or any of their respective businesses, other than any such information that is available to the
Administrative Agent, any Lender or any Issuing Lender on a nonconfidential basis prior to disclosure by the Company or any Subsidiary
thereof. Any Person required to maintain the confidentiality of Information as provided in this Section shall be considered to have
complied with its obligation to do so if such Person has exercised the same degree of care to maintain the confidentiality of such Information
as such Person would accord to its own confidential information.

 

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SECTION 11.11        Performance
of Duties. Each of the Borrower’s obligations under this Agreement and each of the other Loan Documents shall be performed by
the Borrower at its sole cost and expense.

 

SECTION 11.12       All
Powers Coupled with Interest. All powers of attorney and other authorizations granted to the Lenders, the Administrative Agent and
any Persons designated by the Administrative Agent or any Lender pursuant to any provisions of this Agreement or any of the other Loan
Documents shall be deemed coupled with an interest and shall be irrevocable so long as any of the Obligations (other than Unasserted Obligations)
remain unpaid or unsatisfied, any Letters of Credit (other than those that have been Cash Collateralized) remain outstanding, or any of
the Revolving Credit Commitments remain in effect.

 

SECTION 11.13        Survival.

 

(a)            All
representations and warranties set forth in Article VI and all representations and warranties contained in any certificate,
or any of the Loan Documents (including, but not limited to, any such representation or warranty made in or in connection with any amendment
thereto) shall constitute representations and warranties made under this Agreement. All representations and warranties made under this
Agreement shall be made or deemed to be made at and as of the Restatement Date (except those that are expressly made as of a specific
date), shall survive the Restatement Date and shall not be waived by the execution and delivery of this Agreement, any investigation made
by or on behalf of the Lenders or any borrowing hereunder.

 

(b)            Notwithstanding
any termination of this Agreement, the indemnities to which the Administrative Agent and the Lenders are entitled under the provisions
of this Article XI and any other provision of this Agreement and the other Loan Documents shall continue in full force and
effect and shall protect the Administrative Agent and the Lenders against events arising after such termination as well as before.

 

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SECTION 11.14        Titles
and Captions. Titles and captions of Articles, Sections and subsections in, and the table of contents of, this Agreement are for convenience
only, and neither limit nor amplify the provisions of this Agreement.

 

SECTION 11.15        Severability
of Provisions. Any provision of this Agreement or any other Loan Document which is prohibited or unenforceable in any jurisdiction
shall, as to such jurisdiction, be ineffective only to the extent of such prohibition or unenforceability without invalidating the remainder
of such provision or the remaining provisions hereof or thereof or affecting the validity or enforceability of such provision in any other
jurisdiction. In the event that any provision is held to be so prohibited or unenforceable in any jurisdiction, the Administrative Agent,
the Lenders and the Borrower shall negotiate in good faith to amend such provision to preserve the original intent thereof in such jurisdiction
(subject to the approval of the Required Lenders).

 

SECTION 11.16        Counterparts;
Integration; Effectiveness; Electronic Execution.

 

(a)            Counterparts;
Integration; Effectiveness. This Agreement may be executed in counterparts (and by different parties hereto in different counterparts),
each of which shall constitute an original, but all of which when taken together shall constitute a single contract. This Agreement and
the other Loan Documents, and any separate letter agreements with respect to fees payable to the Administrative Agent, the Issuing Lender,
the Swingline Lender and/or the Arrangers, constitute the entire contract among the parties relating to the subject matter hereof and
supersede any and all previous agreements and understandings, oral or written, relating to the subject matter hereof. Except as provided
in Section 5.1, this Agreement shall become effective when it shall have been executed by the Administrative Agent and when
the Administrative Agent shall have received counterparts hereof that, when taken together, bear the signatures of each of the other parties
hereto. Delivery of an executed counterpart of a signature page of this Agreement by facsimile or in electronic (i.e., “pdf”
or “tif”) format shall be effective as delivery of a manually executed counterpart of this Agreement.

 

(b)            Electronic
Execution. The words “execute,” “execution,” “signed,” “signature,” “delivery”
and words of like import in or related to this Agreement, any other Loan Document or any document, amendment, approval, consent, waiver,
modification, information, notice, certificate, report, statement, disclosure, or authorization to be signed or delivered in connection
with this Agreement or any other Loan Document or the transactions contemplated hereby shall be deemed to include Electronic Signatures
or execution in the form of an Electronic Record, and contract formations on electronic platforms approved by the Administrative Agent,
deliveries 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. Each party hereto agrees
that any Electronic Signature or execution in the form of an Electronic Record shall be valid and binding on itself and each of the other
parties hereto to the same extent as a manual, original signature. For the avoidance of doubt, the authorization under this paragraph
may include, without limitation, use or acceptance by the parties of a manually signed paper which has been converted into electronic
form (such as scanned into PDF format), or an electronically signed paper converted into another format, for transmission, delivery and/or
retention. Notwithstanding anything contained herein to the contrary, the Administrative Agent is under no obligation to accept an Electronic
Signature in any form or in any format unless expressly agreed to by the Administrative Agent pursuant to procedures approved by it; provided
that without limiting the foregoing, (i) to the extent the Administrative Agent has agreed to accept such Electronic Signature from
any party hereto, the Administrative Agent and the other parties hereto shall be entitled to rely on any such Electronic Signature purportedly
given by or on behalf of the executing party without further verification and (ii) upon the request of the Administrative Agent or
any Lender, any Electronic Signature shall be promptly followed by an original manually executed counterpart thereof.  Without limiting
the generality of the foregoing, each party hereto hereby (A) agrees that, for all purposes, including without limitation, in connection
with any workout, restructuring, enforcement of remedies, bankruptcy proceedings or litigation among the Administrative Agent, the Lenders
and any of the Credit Parties, electronic images of this Agreement or any other Loan Document (in each case, including with respect to
any signature pages thereto)  shall have the same legal effect, validity and enforceability as any paper original, and (B) waives
any argument, defense or right to contest the validity or enforceability of the Loan Documents based solely on the lack of paper original
copies of any Loan Documents, including with respect to any signature pages thereto.

 

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SECTION 11.17        Term
of Agreement. This Agreement shall remain in effect from the Restatement Date through and including the date upon which all Obligations
(other than Unasserted Obligations) arising hereunder or under any other Loan Document shall have been Paid in Full, all Letters of Credit
have been terminated or expired (or been Cash Collateralized) and the Revolving Credit Commitment has been terminated. No termination
of this Agreement shall affect the rights and obligations of the parties hereto arising prior to such termination or in respect of any
provision of this Agreement which survives such termination.

 

SECTION 11.18        USA
PATRIOT Act; Anti-Money Laundering Laws. The Administrative Agent and each Lender hereby notifies the Borrower that pursuant to the
requirements of the PATRIOT Act or any other Anti-Money Laundering Laws, each of them is required to obtain, verify and record information
that identifies the Borrower, which information includes the name and address of the Borrower and other information that will allow such
Lender to identify the Borrower in accordance with the PATRIOT Act or such Anti-Money Laundering Laws.

 

SECTION 11.19        Independent
Effect of Covenants. The Borrower expressly acknowledges and agrees that each covenant contained in Articles VII or VIII
hereof shall be given independent effect. Accordingly, the Borrower shall not engage in any transaction or other act otherwise permitted
under any covenant contained in Articles VII or VIII, before or after giving effect to such transaction or act, the Borrower
shall or would be in breach of any other covenant contained in Articles VII or VIII.

 

SECTION 11.20        No
Advisory or Fiduciary Responsibility.

 

(a)            In
connection with all aspects of each transaction contemplated hereby, the Company acknowledges and agrees, and acknowledges its Affiliates’
understanding, that (i) the facilities provided for hereunder and any related arranging or other services in connection therewith
(including in connection with any amendment, waiver or other modification hereof or of any other Loan Document) are an arm’s-length
commercial transaction between the Company and its Affiliates, on the one hand, and the Administrative Agent, the Arrangers and the Lenders,
on the other hand, and the Company is capable of evaluating and understanding and understands and accepts the terms, risks and conditions
of the transactions contemplated hereby and by the other Loan Documents (including any amendment, waiver or other modification hereof
or thereof), (ii) in connection with the process leading to such transaction, each of the Administrative Agent, the Arrangers and
the Lenders is and has been acting solely as a principal and is not the financial advisor, agent or fiduciary, for the Company or any
of its Affiliates, stockholders, creditors or employees or any other Person, (iii) none of the Administrative Agent, the Arrangers
or the Lenders has assumed or will assume an advisory, agency or fiduciary responsibility in favor of the Company with respect to any
of the transactions contemplated hereby or the process leading thereto, including with respect to any amendment, waiver or other modification
hereof or of any other Loan Document (irrespective of whether any Arranger or Lender has advised or is currently advising the Company
or any of its Affiliates on other matters) and none of the Administrative Agent, the Arrangers or the Lenders has any obligation to the
Company or any of its Affiliates with respect to the financing transactions contemplated hereby except those obligations expressly set
forth herein and in the other Loan Documents, (iv) the Arrangers and the Lenders and their respective Affiliates may be engaged in
a broad range of transactions that involve interests that differ from, and may conflict with, those of the Company and its Affiliates,
and none of the Administrative Agent, the Arrangers or the Lenders has any obligation to disclose any of such interests by virtue of any
advisory, agency or fiduciary relationship and (v) the Administrative Agent, the Arrangers and the Lenders have not provided and
will not provide any legal, accounting, regulatory or tax advice with respect to any of the transactions contemplated hereby (including
any amendment, waiver or other modification hereof or of any other Loan Document) and the Company has consulted its own legal, accounting,
regulatory and tax advisors to the extent it has deemed appropriate.

 

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(b)            The
Company acknowledges and agrees that each Lender, the Arrangers and any Affiliate thereof may lend money to, invest in, and generally
engage in any kind of business with, any of the Company, any Affiliate thereof or any other person or entity that may do business with
or own securities of any of the foregoing, all as if such Lender, Arranger or Affiliate thereof were not a Lender or Arranger or an Affiliate
thereof (or an agent or any other person with any similar role under the Credit Facilities) and without any duty to account therefor to
any other Lender, the Arrangers, the Company or any Affiliate of the foregoing.  Each Lender, the Arrangers and any Affiliate thereof
may accept fees and other consideration from the Company or any Affiliate thereof for services in connection with this Agreement, the
Credit Facilities or otherwise without having to account for the same to any other Lender, the Arrangers, the Company or any Affiliate
of the foregoing.

 

SECTION 11.21        Amendment
and Restatement; No Novation.

 

(a)     This
Agreement constitutes an amendment and restatement of the Existing Credit Agreement, effective from and after the Restatement Date. The
execution and delivery of this Agreement shall not constitute a novation of any indebtedness or other obligations owing to the Lenders
or the Administrative Agent under the Existing Credit Agreement based on facts or events occurring or existing prior to the execution
and delivery of this Agreement. On the Restatement Date, the credit facilities described in the Existing Credit Agreement shall be amended,
supplemented, modified and restated in their entirety by the facilities described herein, and all loans and other obligations of the Borrower
outstanding as of such date under the Existing Credit Agreement shall be deemed to be loans and obligations outstanding under the corresponding
facilities described herein, without any further action by any Person, except that the Administrative Agent shall make such transfers
of funds as are necessary in order that the outstanding balance of such Loans, together with any Loans funded on the Restatement Date,
reflect the respective Revolving Credit Commitment of the Lenders hereunder.

 

(b)     Notwithstanding
the modifications effected by this Agreement of the representations, warranties and covenants of the Borrower contained in the Existing
Credit Agreement, the Borrower acknowledges and agrees that any causes of action or other rights created in favor of any Lender and its
successors arising out of the representations and warranties of the Borrower made prior to the Restatement Date and contained in or delivered
(including representations and warranties delivered in connection with the making of the loans or other extensions of credit thereunder)
in connection with the Existing Credit Agreement or any other Loan Document executed in connection therewith prior to the Restatement
Date shall survive the execution and delivery of this Agreement; provided, however, that it is understood and agreed that
the Company’s monetary obligations under the Existing Credit Agreement in respect of the loans and letters of credit thereunder
are now monetary obligations of the Company as evidenced by this Agreement.

 

(c)     All
indemnification obligations of the Borrower pursuant to the Existing Credit Agreement (including any arising from a breach of the representations
thereunder) shall survive the amendment and restatement of the Existing Credit Agreement pursuant to this Agreement.

 

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(d)     On
and after the Restatement Date, (i) each reference in the Loan Documents to the “Credit Agreement”, “thereunder”,
 “thereof” or similar words referring to the Credit Agreement shall mean and be a reference to this Agreement and (ii) each
reference in the Loan Documents to a “Note” shall mean and be a Note as defined in this Agreement.

 

SECTION 11.22        Inconsistencies
with Other Documents. In the event there is a conflict or inconsistency between this Agreement and any other Loan Document, the terms
of this Agreement shall control.

 

SECTION 11.23        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 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

 

   (iii)         the
variation of the terms of such liability in connection with the exercise of the Write-Down and Conversion Powers of the applicable Resolution
Authority.

 

    123 

     

    

 

 

SECTION 11.24     Acknowledgement
Regarding Any Supported QFCs. To the extent that the Loan Documents provide support, through a guarantee or otherwise, for Swap Contracts
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 FDIC 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 11.24, 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).

 

SECTION 11.25     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 any Lender hereunder
or under the other Loan Documents shall, notwithstanding any judgment in a currency (the “Judgment Currency”) other
than that in which such sum is denominated in accordance with the applicable provisions of this Agreement (the “Agreement Currency”),
be discharged only to the extent that on the Business Day following receipt by the Administrative Agent or such Lender, as the case may
be, of any sum adjudged to be so due in the Judgment Currency, the Administrative Agent or such Lender, as the case may be, may in accordance
with normal banking procedures purchase the Agreement Currency with the Judgment Currency. If the amount of the Agreement Currency so
purchased is less than the sum originally due to the Administrative Agent or any Lender from the Borrower in the Agreement Currency, the
Borrower agrees, as a separate obligation and notwithstanding any such judgment, to indemnify the Administrative Agent or such Lender,
as the case may be, against such loss. If the amount of the Agreement Currency so purchased is greater than the sum originally due to
the Administrative Agent or any Lender in such Currency, the Administrative Agent or such Lender, as the case may be, agrees to return
the amount of any excess to the Borrower (or to any other Person who may be entitled thereto under Applicable Law).

 

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ARTICLE XII

 

CONTINUING
GUARANTY

 

SECTION 12.1     Guaranty.

 

The Company hereby absolutely
and unconditionally, jointly and severally guarantees, as primary obligor and as a guaranty of payment and performance and not merely
as a guaranty of collection, prompt payment when due, whether at stated maturity, by required prepayment, upon acceleration, demand or
otherwise, and at all times thereafter, of any and all Obligations of each Designated Borrower (subject to the proviso in this sentence,
its “Guaranteed Obligations”); provided, that the liability of each Guarantor individually with respect to this
Guaranty shall be limited to an aggregate amount equal to the largest amount that would not render its obligations hereunder subject to
avoidance under Section 548 of the Bankruptcy Code of the United States or any comparable provisions of any applicable state law
or other Applicable Law. Without limiting the generality of the foregoing, the Guaranteed Obligations shall include any such indebtedness,
obligations, and liabilities, or portion thereof, which may be or hereafter become unenforceable or compromised or shall be an allowed
or disallowed claim under any proceeding or case commenced by or against any debtor under any Debtor Relief Laws. The Administrative Agent’s
books and records showing the amount of the Obligations shall be admissible in evidence in any action or proceeding, and shall be binding
upon the Company, and conclusive for the purpose of establishing the amount of the Obligations. This Guaranty shall not be affected by
the genuineness, validity, regularity or enforceability of the Obligations or any instrument or agreement evidencing any Obligations,
or by the existence, validity, enforceability, perfection, non-perfection or extent of any collateral therefor, or by any fact or circumstance
relating to the Obligations which might otherwise constitute a defense to the obligations of the Company under this Guaranty, and the
Company hereby irrevocably waives any defenses it may now have or hereafter acquire in any way relating to any or all of the foregoing.

 

SECTION 12.2     Rights
of Lenders.

 

The Company consents and agrees
that the Administrative Agent and the Lenders may, at any time and from time to time, without notice or demand, and without affecting
the enforceability or continuing effectiveness hereof: (a) amend, extend, renew, compromise, discharge, accelerate or otherwise change
the time for payment or the terms of the Obligations or any part thereof; (b) take, hold, exchange, enforce, waive, release, fail
to perfect, sell, or otherwise dispose of any security for the payment of this Guaranty or any Obligations; (c) apply such security
and direct the order or manner of sale thereof as the Administrative Agent, the L/C Issuer and the Lenders in their sole discretion may
determine; and (d) release or substitute one or more of any endorsers or other guarantors of any of the Obligations. Without limiting
the generality of the foregoing, the Company consents to the taking of, or failure to take, any action which might in any manner or to
any extent vary the risks of the Company under this Guaranty or which, but for this provision, might operate as a discharge of the Company.

 

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SECTION 12.3     Certain
Waivers.

 

The Company waives (a) any
defense arising by reason of any disability or other defense of the Designated Borrowers or any other guarantor, or the cessation from
any cause whatsoever (including any act or omission of any Designated Borrowers) of the liability of any Designated Borrower; (b) any
defense based on any claim that the Company’s obligations exceed or are more burdensome than those of the any Designated Borrower;
(c) the benefit of any statute of limitations affecting the Company’s liability hereunder; (d) any right to proceed against
any Designated Borrower, proceed against or exhaust any security for the Obligations, or pursue any other remedy in the power of the Administrative
Agent or any Lender whatsoever; (e) any benefit of and any right to participate in any security now or hereafter held by the Administrative
Agent or any Lender; and (f) to the fullest extent permitted by law, any and all other defenses or benefits that may be derived from
or afforded by Applicable Law limiting the liability of or exonerating guarantors or sureties. The Company expressly waives all setoffs
and counterclaims and all presentments, demands for payment or performance, notices of nonpayment or nonperformance, protests, notices
of protest, notices of dishonor and all other notices or demands of any kind or nature whatsoever with respect to the Obligations, and
all notices of acceptance of this Guaranty or of the existence, creation or incurrence of new or additional Obligations.

 

SECTION 12.4     Subrogation.

 

The Company shall exercise
any right of subrogation, contribution, indemnity, reimbursement or similar rights with respect to any payments it makes under this Guaranty
until all of the Obligations and any amounts payable under this Guaranty have been indefeasibly paid and performed in full and the Commitments
are terminated. If any amounts are paid to the Company in violation of the foregoing limitation, then such amounts shall be held in trust
for the benefit of the Administrative Agent and the Lenders and shall forthwith be paid to such persons to reduce the amount of the Obligations,
whether matured or unmatured.

 

SECTION 12.5     Termination;
Reinstatement.

 

This Guaranty is a continuing
and irrevocable guaranty of all Obligations now or hereafter existing and shall remain in full force and effect until the Revolving Credit
Termination Date. Notwithstanding the foregoing, this Guaranty shall continue in full force and effect or be revived, as the case may
be, if any payment by or on behalf of any Designated Borrower or the Company is made, or any of the Administrative Agent or any Lender
exercises its right of setoff, in respect of the Obligations 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 any
of the Administrative Agent or any Lender in their discretion) to be repaid to a trustee, receiver or any other party, in connection with
any proceeding under any Debtor Relief Laws or otherwise, all as if such payment had not been made or such setoff had not occurred and
whether or not the Secured Parties are in possession of or have released this Guaranty and regardless of any prior revocation, rescission,
termination or reduction. The obligations of each Guarantor under this Section 12.5 shall survive termination of this Guaranty.

 

SECTION 12.6     Stay
of Acceleration.

 

If acceleration of the time
for payment of any of the Obligations is stayed, in connection with any case commenced by or against the Company or any Designated Borrower
under any Debtor Relief Laws, or otherwise, all such amounts shall nonetheless be payable by the Company, immediately upon demand by the
Administrative Agent and the Lenders.

 

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SECTION 12.7     Condition
of Designated Borrowers.

 

The Company acknowledges and
agrees that it has the sole responsibility for, and has adequate means of, obtaining from the Designated Borrowers and any other guarantor
such information concerning the financial condition, business and operations of the Designated Borrowers and any such other guarantor
as the Company requires, and neither the Administrative Agent nor any Lender has any duty, and the Company is not relying on the Administrative
Agent or any Lender at any time, to disclose to it any information relating to the business, operations or financial condition of the
Designated Borrowers or any other guarantor (the Company waiving any duty on the part of the Administrative Agent or any Lender to disclose
such information and any defense relating to the failure to provide the same).

 

[Signature
pages to follow]

 

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

 

		AMERIPRISE FINANCIAL, INC., as Borrower
	 	 	 
		By:	/s/ Shweta Jhanji
		Name:	Shweta Jhanji
		Title:	Senior Vice President, Treasurer

 

     

     

    

 

	 	AGENTS AND LENDERS:
	 	 	 
	 	WELLS FARGO BANK, NATIONAL ASSOCIATION, as Administrative Agent, Swingline Lender, Issuing Lender, and Lender
	 	 	 
	 	By:	/s/ Jocelyn Boll
	 	Name:	Jocelyn Boll
	 	Title:	Managing Director

 

     

     

    

 

	 	Bank of America, N.A., as a Lender
	 	 
	 	By:	/s/ Chris Choi
	 	Name:	Chris Choi
	 	Title:	Director

 

     

     

    

 

	 	Citibank, N.A., as a Lender
	 	 
	 	By:	/s/ Maureen Maroney
	 	Name:	Maureen P. Maroney
	 	Title:	Vice President & Director

 

     

     

    

 

	 	Credit Suisse AG, NEW YORK Branch, as a Lender
	 	 	 
	 	By: 	/s/ Doreen Barr
	 	Name:	Doreen Barr 
	 	Title:	Authorized Signatory
	 	 	 
	 	By:	/s/ Komal Shah
	 	Name:	Komal Shah 
	 	Title:	Authorized Signatory

 

     

     

    

 

	 	HSBC Bank USA, National Association, as a Lender
	 	 
	 	By:	/s/ Daniel Hartmann
	 	Name:	Daniel Hartmann
	 	Title:	Vice President, Financial Institutions Group

 

     

     

    

 

	 	JPMorgan Chase Bank, N.A., as a Lender
	 	 
	 	By:	/s/ James S. Mintzer
	 	Name:	James S. Mintzer
	 	Title:	Executive Director

 

     

     

    

 

	 	Goldman Sachs Bank USA, as a Lender
	 	 
	 	By:	/s/ Ryan Durkin
	 	Name:	Ryan Durkin
	 	Title:	Authorized Signatory

 

     

     

    

 

	 	U.S. Bank National Association, as a Lender
	 	 
	 	By:	/s/ Christopher Balderston
	 	Name:	Christopher Balderston
	 	Title:	Assistant Vice President

 

     

     

    

 

	 	BMO Harris Bank N.A.,
    as a Lender
	 	 	 
	 	By:	/s/
    Amy Prager
	 	Name:	Amy Prager
	 	Title:	Director

 

     

     

    

 

	 	The Bank of New York Mellon, as a Lender
	 	 
	 	By:	/s/ Ken Sneider
	 	Name:	Kenneth P. Sneider, Jr.
	 	Title:	Director

 

     

     

    

 

	 	Barclays Bank PLC, as a Lender
	 	 
	 	By:	/s/ Craig J. Malloy
	 	Name:	Craig J. Malloy
	 	Title:	Director

 

     

     

    

 

	 	BNP Paribas, as a Lender
	 	 
	 	By:	/s/ Laurent Vanderzyppe
	 	Name:	Laurent Vanderzyppe
	 	Title:	Managing Director
	 	 
	 	By:	/s/ Marguerite L. Lebon
	 	Name:	Marguerite L. Lebon
	 	Title:	Vice President

 

     

     

    

 

	 	Societe Generale, as a Lender
	 	 
	 	By:	/s/ Arun Bansal
	 	Name:	Arun Bansal
	 	Title:	Managing Director

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00329-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00329-of-00352.parquet"}]]