Document:

nxst-ex101_7.htm

 

Exhibit 10.1

 

AMENDED EXECUTIVE EMPLOYMENT AGREEMENT

 

THIS AMENDED EXECUTIVE EMPLOYMENT AGREEMENT (“Agreement”) is made to be effective as of this 15th day of January 2019 (“Effective Date”), by and between Perry A. Sook, an individual resident of Texas (“Sook”), and Nexstar Media Group, Inc., a Delaware corporation (the “Company”).

 

WHEREAS, Sook and the Company are parties to that certain Executive Employment Agreement dated as of January 5, 1998, as amended May 10, 2001, September 26, 2002, August 23, 2003, January 1, 2007, July 2, 2007, November 13, 2008, December 31, 2008, March 27, 2009 September 11, 2012, and January 29, 2015, which agreement expires January 15, 2019 (the “Original Agreement”).

 

WHEREAS, the Company desires to retain the services of Sook as Chairman of the Board, Chief Executive Officer and President of the Company upon the expiration of the Original Agreement, and Sook desires to be employed by the Company, under the terms and conditions of this Agreement.

 

WHEREAS, the parties desire to amend and replace the Original Agreement in its entirety on the terms and conditions set forth herein.

 

NOW THEREFORE, in consideration of the mutual promises set forth herein and the mutual benefits to be derived from this Agreement, the parties hereto, intending to be legally bound, hereby agree as follows:

 

1.Position and Duties.  Subject to the terms and conditions of this Agreement, during the term of this Agreement the Company will continue to employ Sook as the Company’s Chairman, Chief Executive Officer and President.  In such position, Sook will perform such duties as shall be reasonably assigned to him from time to time by the Company’s Board of Directors (the “Board”) which are commensurate and consistent with the duties of a chairman, chief executive officer and president of similar companies.  Sook will devote his best efforts to his employment with the Company and will devote substantially all of his business time and attention to the performance of his duties under this Agreement (which duties will include, among other things, acquiring, managing, operating or disposing of television and digital media properties); provided, that the foregoing will not preclude Sook from devoting reasonable time to the supervision of his personal investments, civic and charitable affairs and serving on other boards, provided that such activities do not materially interfere with the performance of his duties hereunder.  So long as he is employed by the Company, Sook will be a member of the Board and a member of the Executive Committee, if any, of the Board.  

 

2.Term of Employment.  Unless terminated earlier as provided below, the Company’s employment of Sook under this Agreement will continue from the Effective Date until February 28, 2023 (“Term”); provided, however, that the Term will be automatically renewed and extended for successive one-year period(s) unless, at least ninety (90) days prior to the end of the Term or 

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any subsequent renewal term, Sook or the Company gives written notice to the other party of his/its intent not to extend the Term or any renewal term.

 

3.Termination.  The Company’s employment of Sook under this Agreement shall terminate prior to the end of the Term, or any subsequent renewal term, specified in Paragraph 2 hereof only under the following circumstances:

 

(a)Death.  Sook’s death, in which case Sook’s employment will terminate on the date of death.

 

(b)Disability.  If, as a result of Sook’s illness, physical or mental disability or other incapacity Sook is unable to substantially perform, with or without reasonable accommodation (as defined under the Americans with Disabilities Act), his material job duties under this Agreement for any period of six (6) consecutive months, and after receiving thirty (30) days  written notice of termination by the Company to Sook (which may occur after the end of such six-month period), he shall not have returned to the performance of his job duties hereunder on a full-time basis, the Company may terminate Sook’s employment hereunder.

 

(c)Consolidation, Merger or Comparable Transaction.  In the event that the Company consolidates with or merges with and into any other person, effects a share exchange, enters into a comparable capital transaction or has any or all of its equity securities sold to one or more third parties, in each case such that a person becomes the beneficial owner of a majority of the voting power represented by the securities of the Company (treating any such person and the affiliates of such person as being one and the same person), or if the Company sells all or substantially all of its consolidated assets, then subject to the provisions of Paragraph 6 of this Agreement, Sook’s employment may be terminated by the Company or Sook simultaneously with the consummation of such consolidation, merger, share exchange, asset sale, stock sale or comparable transaction.

 

(d)Termination by the Company for Cause.  The Company may terminate Sook’s employment at any time for Cause, such termination to be effective as of the date stated in a written notice of termination delivered by a majority of the Board to Sook.  Any termination under this Paragraph 3(d) shall not also be deemed to be a termination under Paragraph 3(e) hereof.  For the purposes of this Agreement, “Cause” is defined to mean any of the following activities by Sook: (i) the conviction of Sook for a felony or a crime involving moral turpitude or the commission of any act involving dishonesty, disloyalty or fraud with respect to the Company or any of its subsidiaries or affiliates, in each instance which has caused or is reasonably likely to cause material harm to the Company; (ii) substantial repeated failure to perform material job duties which are reasonably directed by the Board and which are consistent with the terms of this Agreement and the position specified in Paragraph 1, which is not cured within thirty (30) days after written notice thereof to Sook; (iii) willful misconduct with respect to the Company or any of its subsidiaries or affiliates, in each instance which has caused or is reasonably likely to cause material harm to the Company; or (iv) any other willful breach of a material provision of this Agreement, which is not cured within thirty (30) days after written notice thereof to Sook.  For purposes of this Agreement no act, or failure to act, on Sook’s part shall be deemed “willful” unless 

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done, or omitted to be done, by Sook in bad faith and without a reasonable belief that such act, or failure to act, was in the Company’s best interest.

 

(e)Termination by the Company Other Than for Cause.  The Company may terminate Sook’s employment for any reason or for no reason upon thirty (30) days prior written notice to Sook, subject to payment of the termination payments specified in Paragraph 6 hereof.  Such termination will be effective as of the date stated in a written notice of termination delivered by a majority of the Board to Sook.

 

(f)Termination by Sook for Good Reason.  Sook may terminate his employment hereunder at any time for Good Reason, such termination to be effective as of the date stated in a written notice of termination delivered by Sook to the Company (or such earlier date after the delivery of such notice as the Company may elect).  For purposes of this Agreement, “Good Reason” shall mean any of the following: (i) a material reduction in the job duties, responsibilities, authority or position of Sook, (ii) a material breach by the Company of a material provision of this Agreement, which has not been cured by the Company within thirty (30) days after written notice of noncompliance has been given by Sook to the Company; (iii) any reduction or decrease in Sook’s Base Salary or annual target Bonus; (iv) any requirement that Sook report to someone other than the Board; or (v) any requirement that Sook relocate or maintain an office more than one hundred (100) miles from Dallas, Texas.  A termination of Sook’s employment for Good Reason in accordance with this Paragraph 3(f) is intended to be treated as an involuntary separation from service for purposes of Section 409A of the Internal Revenue Code of 1986, as amended (“Section 409A”).

 

(g)Voluntary Termination by Sook Without Good Reason.  Sook may voluntarily terminate his employment hereunder for any reason or for no reason upon thirty (30) days prior written notice to the Company.  Such termination shall be effective as of the date stated in a written notice of termination delivered by Sook to the Company (or such earlier date after the delivery of such notice as the Company may elect).

 

In no event will the termination of Sook’s employment affect the rights and obligations of the parties set forth in this Agreement, except as expressly set forth herein.  Any termination of Sook’s employment pursuant to this Paragraph 3 will be deemed to include a resignation by Sook of all positions with the Company and each of its subsidiaries and affiliates, including but not limited to, his resignation as a member of the Board and the board of each other such affiliate and subsidiary.

 

	
 
	
4.
	
Compensation.

 

(a)During the Term, and any subsequent renewal term, Sook will be entitled to receive an annual base salary (“Base Salary”) at the rate specified below:

 

		
	
January 15, 2019 – December 31, 2019
	
$1,625,000

	
January 1, 2020 – December 31, 2020
	
$1,750,000

	
January 1, 2021 – December 31, 2021
	
$1,875,000

	
January 1, 2022 and thereafter
	
$2,000,000

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(b)During each Company fiscal year during the Term and any renewal term, Sook will have an opportunity to earn an annual bonus (“Bonus”) based on the targeted amount specified below, if any, in an amount specified by the Compensation Committee of the Board (the “Compensation Committee”), based on the criteria set forth in Exhibit A hereto. 

 

		
	
2019 Total Bonus Opportunity
	
$3,250,000

	
2020 Total Bonus Opportunity
	
$3,500,000

	
2021 Total Bonus Opportunity
	
$3,750,000

	
2022 and thereafter Total Bonus Opportunity
	
$4,000,000

 

(c)Sook’s Base Salary will be paid in equal installments in accordance with the Company’s normal payroll practice for its senior executives (but no less frequently than bi-monthly).  The Bonus provided in Paragraph 4(b),  will be paid in a single payment within thirty (30) days after the independent certified public accountants regularly employed by the Company have made available to the Company the audited financial statements for the appropriate fiscal year but in no event later than December 31 of the year immediately following the year in which the Bonus is earned.  All payments under this Agreement will be subject to withholding or deduction by reason of the Federal Insurance Contribution Act, Federal income tax, state income tax and all other applicable laws and regulations.

 

5.Fringe Benefits.  During the Term and any subsequent renewal term, 

 

(a)The Company will issue Sook restricted shares of the Company’s Class A Common Stock in the form of restricted stock units (RSUs) in the amounts and on the schedule set forth in Exhibit B attached hereto.

 

(b)Sook shall be entitled to participate, at the Company’s expense, in any retirement plan, pension plan, life insurance plan, health insurance plan or fringe or other comparable benefit plan which the Company from time to time makes available generally to its corporate executive employees.

  

(c)Sook shall also be entitled to six (6) weeks paid vacation for each year during the Term, or any subsequent renewal term; provided however, that any vacation not taken as of the end of any calendar year will be forfeited.

 

(d)The Company will provide Sook with an automobile for his use.

 

(e)Sook will be reimbursed by the Company for all approved business expenses (which approval shall not be unreasonably withheld) incurred by him on behalf of the Company upon presentation of appropriate documentation.

 

6.Termination Payments.  Sook (or his estate pursuant to Paragraph 6(a) hereof) will be entitled to receive the following payments upon termination of his employment hereunder:

 

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(a)  In the event of the termination of Sook’s employment pursuant to any of the following provisions:

		
	
Paragraph 3(a)
	
[Death]

	
Paragraph 3(b)
	
[Disability]

	
Paragraph 3(d)
	
[By the Company For Cause]

	
Paragraph 3(g)
	
[By Sook Without Good Reason]

The Company will pay to Sook (or Sook’s estate, as the case may be) as soon as practicable following such termination (but in no event later than thirty (30) days after the date of such termination except as provided in clause (iii)) (i) all accrued and unpaid Base Salary as of the date of termination as provided in Paragraph 4, (ii) an amount (calculated at the rate of the Base Salary in effect on such date) for all accrued but unused vacation time as of such date (iii) the amount of all earned and unpaid Bonus amounts for years preceding the year of termination payable as provided in Paragraph 4(c) and, (iv) in the event of termination of Sook’s employment pursuant to Paragraph 3(a) or 3(b) above, a pro-rata portion of the target Bonus for the year in which the termination occurred, the numerator of which shall be the number of whole or partial months Sook performed services for the Company during the calendar year of the termination and denominator of which shall be twelve (12).  

 

(b)In the event of termination of Sook’s employment pursuant to any of the following provisions:

 

		
	
Paragraph 3(c)
	
[Consolidation, Merger or Comparable Transaction]

	
Paragraph 3(e)
	
[By the Company Other Than For Cause]

	
Paragraph 3(f)
	
[By Sook with Good Reason]

 

The Company will pay to Sook as soon as practicable following such termination (but in no event later than thirty (30) days after the date of such termination except as provided in clause (iii)) (i) all accrued and unpaid Base Salary as of the date of termination as provided in Paragraph 4, (ii) an amount (calculated at the rate of the Base Salary in effect on such date) for all accrued but unused vacation time as of such date, (iii) the amount of all earned and unpaid Bonus for years preceding the year of termination payable as provided in Paragraph 4(c) and (iv) an amount equal to the sum of (x) 200% of Sook’s Base Salary as in effect on the date of termination, plus (y) 200% of Sook’s target Bonus for the fiscal year in which such termination occurs, plus (z) an additional $20,800.00. In addition, all equity (including, but not limited to, any RSUs, stock options and/or stock appreciation rights) previously granted or awarded to Sook by the Company prior to his termination shall become immediately and fully vested without further action by either Sook or the Company.    

 

(c)Without limiting the remedies available to the Company for breach by Sook of Paragraph 7 hereof, in the event that Sook violates the provisions of Paragraph 7 hereof after the termination of his employment with the Company in a manner reasonably determined by the Board to be injurious to the Company, any termination payments provided in this Paragraph 6 remaining unpaid at the time such violation occurs will be automatically forfeited.

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7.
	
Covenant Not to Compete and Non-Disclosure.

 

(a) During the term of Sook’s employment pursuant to this Agreement and for a period of one (1) year thereafter, Sook covenants and agrees that Sook will not within any DMA (as determined from time to time by the A.C. Nielsen Company or its successor) in which the Company operates a television broadcast facility on the date that Sook’s employment by the Company terminates (or in which the Company has agreed to acquire, or the Board has approved pursuing (and the Company has not abandoned) the acquisition of, a television broadcast facility on or prior to such date) whether directly or indirectly, with or without compensation, (x) enter into or engage in the business of television broadcasting, (y) be employed by, act as a consultant to, act as a director of or own beneficially five percent (5%) or more of any class of equity or debt securities of any corporation or other commercial enterprise in the business of television broadcasting, or (z) solicit or do any business with respect to television broadcasting with any then-existing customers of the Company.  During the one (1) year after Sook’s employment with the Company terminates, neither Sook nor any of Sook’s affiliates will hire, solicit, employ or contract with respect to employment any officer or employee of the Company.  For purposes of this Paragraph 7, the term “Company” will include the Company and each of its subsidiaries or other affiliates, and each such entity is an express third-party beneficiary of this Agreement.

 

(b) Sook agrees to disclose promptly to the Company and does assign and agree to assign to the Company, free from any obligation to Sook, all Sook’s right, title and interest in and to any and all ideas, concepts, processes, improvements and inventions made, conceived, written, acquired, disclosed or developed by Sook, solely or in concert with others, during the term of Sook’s employment by the Company, which relate to the business, activities or facilities of the Company, or resulting from or suggested by any work Sook may do for the Company or at its request.  Sook further agrees to deliver to the Company any and all drawings, notes, photographs, copies, outlines, specifications, memoranda and data relating to such ideas, concepts, processes, improvements and inventions, to cooperate fully during Sook’s employment and thereafter in the securing of copyright, trademark or patent protection or other similar rights in the United States and foreign countries, and to give evidence and testimony and to execute and deliver to the Company all documents requested by it in connection therewith.

 

(c) Except as expressly set forth below, Sook agrees, whether during Sook’s employment pursuant to this Agreement or thereafter, except as authorized or directed by the Company in writing or pursuant to the normal exercise of Sook’s responsibilities hereunder, not to disclose to others, use for Sook’s or any other Person’s (as defined herein) benefit, copy or make notes of any confidential information or trade secrets relating to the business, activities or facilities of the Company which may come to Sook’s knowledge prior to or during Sook’s employment pursuant to this Agreement or thereafter.  Sook will not be bound to this obligation of confidentiality and nondisclosure if:

 

(i)the information in question has become part of the public domain by publication or otherwise through no fault of Sook;

 

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(ii)the information in question is disclosed to the recipient by a third party and Sook reasonably believes such third party is in lawful possession of the information and has the lawful right to make disclosure thereof; or

 

(iii)Sook is required to disclose the information in question pursuant to applicable law or by a court of competent jurisdiction.

 

(d) Upon termination of employment pursuant to this Agreement, Sook will deliver to the Company all records, notes, data, memoranda, photographs, models and equipment of any nature which are in Sook’s possession or control and which are the property of the Company.

 

(e) The parties understand and agree that the remedies at law for breach of the covenants in this Paragraph 7 would be inadequate and that the Company will be entitled to seek injunctive or such other equitable relief as a court may deem appropriate for any breach of these covenants.  If any of these covenants will at any time be adjudged invalid to any extent by any court of competent jurisdiction, such covenant will be deemed modified to the extent necessary to render it enforceable.

 

8.Entire Agreement.  This Agreement, together with any Company long-term incentive plans and/or restricted stock award or option agreements between Sook and the Company, embodies the entire agreement between the parties hereto with respect to Sook’s employment with the Company, and there have been and are no agreements, representations or warranties between the parties other than those set forth or provided for therein.  If any of the terms of this Agreement conflict with terms of any Company long-term incentive plans or restricted stock award or option agreements between Sook and the Company, then the terms of this Agreement shall control, govern and be given full force and effect. 

 

9.No Assignment.  This Agreement shall not be assigned by Sook without the prior written consent of the Company and any attempted assignment without such prior written consent shall be null and void and without legal effect; provided, however, that in the case of Sook’s death or disability this Agreement may be enforced by his executors, personal representatives or guardians, to the extent applicable.  This Agreement shall not be assigned by the Company without the prior written consent of Sook except to any successor to the business of the Company.

 

10.Notices.  All notices, requests, demands and other communications hereunder shall be deemed to have been duly given when (i) delivered by hand or if mailed, by certified or registered mail, with postage prepaid; (ii) hand delivered; or (iii) sent overnight mail or overnight courier:

 

(a)If to Sook, to Perry A. Sook, c/o Nexstar Media Group, Inc., 545 E. John Carpenter Freeway, Suite 700, Irving, TX 75062, or such other person or place as Sook may specify by prior written notice to the Company;

 

(b)If to the Company, to 545 E. John Carpenter Freeway, Suite 700, Irving, TX 75062, Attention: Martin Pompadur, Chairman of the Nominating & Governance 

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Committee of the Board, or as the Company may otherwise specify by prior written notice to Sook.

 

11.Amendment; Modification.  This Agreement may not be amended, modified or supplemented other than in a writing signed by both parties hereto.

 

12.Counterparts.  This Agreement may be executed in two or more counterparts, each of which shall be deemed an original, but all of which together shall constitute but one and the same instrument.

 

13.Headings.  The headings in the sections of this Agreement are inserted for convenience only and shall not constitute part of this Agreement.

 

14.Severability.  The parties agree that if any provision of this Agreement shall under any circumstances be deemed invalid or inoperative, the Agreement shall be construed with the invalid or inoperative provision deleted, and the rights and obligations of the parties shall be construed and enforced accordingly.

 

15.Governing Law.  This Agreement shall be governed by and construed in accordance with the internal law of the State of Texas without giving effect to any choice of law or conflict provision or rule that would cause the laws of any jurisdiction other than the State of Texas to be applied.

 

16.Key Man Life Insurance.  Sook agrees to submit to any requested physical examination in connection with the Company’s purchase of the Key-Man Policy.  Sook agrees to cooperate fully in connection with the underwriting, purchase and/or retention of the Key-Man Policy by the Company.

 

17.Legal Fees.  In the event of any litigated dispute between or among any of the parties to this Agreement, the reasonable legal fees and expenses of the party successful in such dispute (whether by way of a decision by a court or other tribunal) shall be paid promptly by the unsuccessful party upon presentation by the successful party of an invoice therefor.

 

18.Legal Expenses.  The Company shall reimburse Sook, upon presentation of an appropriate invoice or invoices, for reasonable legal fees and expenses incurred by him in connection with the negotiation, drafting and execution of this Agreement.

 

19.Representations.  Sook represents and warrants to the Company that Sook is not a party to or bound by any employment agreement, noncompete agreement or confidentiality agreement with any other person or entity.

 

20.Strict Construction.  The parties to this Agreement have participated jointly in the negotiation and drafting of this Agreement.  In the event an ambiguity or question of intent or interpretation arises, this Agreement will be construed as if drafted jointly by the parties, and no presumption or burden of proof will arise favoring or disfavoring any party by virtue of the authorship of any of the provisions of this Agreement.

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21.Binding Arbitration.

 

(a) Generally.  The arbitration procedures described in this Paragraph 21 will be the sole and exclusive method of resolving and remedying any claim under this Agreement (each such claim, a “Dispute”); provided that nothing in this Paragraph 21 will prohibit a Person from instituting litigation to enforce any Final Arbitration Award (as defined herein).  Except as otherwise provided in the Employment Arbitration Rules of the American Arbitration Association as in effect from time to time (the “AAA Rules”), the arbitration procedures described in this Paragraph 21 and any Final Arbitration Award (as defined herein) will be governed by, and will be enforceable pursuant to, the Uniform Arbitration Act as in effect in the State of Texas from time to time.  “Person” for the purposes of this Agreement means an individual, a partnership, a limited liability company, a corporation, an association, a joint stock company, a trust, a joint venture, an unincorporated organization or any governmental entity.

 

(b) Notice of Arbitration.  If a Person asserts that there exists a Dispute, then such Person (the “Disputing Person”) will give each other Person involved in such Dispute a written notice setting forth the nature of the asserted Dispute.  If all such Persons do not resolve any such asserted Dispute prior to the 10th business day after such notice is given, then any of them may commence arbitration pursuant to this Paragraph 21 by giving each other Person involved in such Dispute a written notice to that effect (an “Arbitration Notice”), setting forth any matters which are required to be set forth therein in accordance with the AAA Rules.

 

(c) Selection of Arbitrator.  An arbitrator will be selected in accordance with the AAA Rules.

 

(d) Conduct of Arbitration.  The arbitration will be conducted in the Dallas, Texas, metropolitan area under the AAA Rules, as modified by any written agreement among the Persons involved in the Dispute in question.  The arbitrator will conduct the arbitration in a manner so that the final result, determination, finding, judgment or award determined by the arbitrator (the “Final Arbitration Award”) is made or rendered as soon as practicable, and the Persons involved will use all reasonable efforts to cause a Final Arbitration Award to occur within ninety (90) days after the arbitrator is selected.  Any Final Arbitration Award will be final and binding upon all Persons and there will be no appeal from or reexamination of any Final Arbitration Award, except in the case of fraud, perjury or evident partiality or misconduct by the arbitrator prejudicing the rights of such Persons or to correct manifest clerical errors.

 

(e) Enforcement.  A Final Arbitration Award may be enforced in any state or federal court having jurisdiction over the subject matter of the related Dispute.

 

(f) Attorneys’ Fees and Expenses.  Each prevailing Person in any arbitration proceeding described in this Paragraph 21 will be entitled to recover from any non-prevailing Person(s) its reasonable costs and attorneys’ fees in addition to any damages or other remedies awarded to such prevailing Person.  As part of any Final Arbitration Award, the arbitrator may designate the prevailing Person(s) for purposes of this Paragraph 21.

 

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22.Termination of Previous Agreements.  This Agreement replaces and terminates any previous employment agreements (including, without limitation, any supplements, addendums or amendments thereto) entered into between Sook and the Company and/or any of its affiliates and predecessors.

 

23.Section 409A of the Code.

 

(a) Compliance.  The intent of the parties is that payments and benefits under this Agreement are either exempt from or comply with Section 409A and, accordingly, to the maximum extent permitted, this Agreement shall be interpreted to that end.  

(b) Six Month Delay for Specified Employees.  If any payment, compensation or other benefit provided to Sook in connection with his employment termination is determined, in whole or in part, to constitute “nonqualified deferred compensation” within the meaning of Section 409A and Sook is a “specified employee” as defined in Section 409A, no part of such payments shall be paid before the day that is six months plus one day after Sook’s date of termination or, if earlier, Sook’s death (the “New Payment Date”).  The aggregate of any payments that otherwise would have been paid to Sook during the period between the date of termination and the New Payment Date shall be paid to Sook in a lump sum on such New Payment Date.  Thereafter, any payments that remain outstanding as of the day immediately following the New Payment Date shall be paid without delay over the time period originally scheduled, in accordance with the terms of this Agreement.

(c) Termination as a Separation from Service.  A termination of employment shall not be deemed to have occurred for purposes of any provision of this Agreement providing for the payment of any amounts or benefits subject to Section 409A upon or following a termination of employment until such termination is also a “separation from service” within the meaning of Section 409A and for purposes of any such provision of this Agreement, references to a “resignation,” “termination,” “terminate,” “termination of employment” or like terms shall mean separation from service.

(d) Payments for Reimbursements and In-Kind Benefits.  All reimbursements for costs and expenses under this Agreement shall be paid in no event later than the end of the calendar year following the calendar year in which Sook incurs such expense.  With regard to any provision herein that provides for reimbursement of costs and expenses or in-kind benefits, except as permitted by Section 409A, (i) the right to reimbursement or in-kind benefits shall not be subject to liquidation or exchange for another benefit, and (ii) the amount of expenses eligible for reimbursement or in-kind benefits provided during any taxable year shall not affect the expenses eligible for reimbursement or in-kind benefits to be provided in any other taxable year.

(e) Payments within Specified Number of Days.  Whenever a payment under this Agreement specifies a payment period with reference to a number of days (e.g., “payment shall be made within 30 days following the date of termination”), the actual date of payment within the specified period shall be within the sole discretion of the Company.

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(f) Installments as Separate Payment.  If under this Agreement, an amount is paid in two or more installments, for purposes of Section 409A, each installment shall be treated as a separate payment.

24.Code Section 280G.  If Sook receives any payments or distributions pursuant to this Agreement or otherwise (“Payments”) that constitute “parachute payments” within the meaning of Section 280G of the Internal Revenue Code of 1986, as amended (the “Code”), and, but for this Paragraph 26, would be subject to the excise tax imposed by Code Section 4999 (“Excise Tax”), then the Payments shall be reduced to the Reduced Amount only if reducing the Payments would provide Sook with a greater net after-tax amount than if no such reduction took place.  The "Reduced Amount" shall be a present value amount that maximizes the aggregate present value of the Payments without causing any portion of the Payments to be subject to the Excise Tax, determined in accordance with Code Section 280G(d)(4).  

 

IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed and made effective as of the day and year first above written.

 

	
	
/s/ Perry A. Sook

	
Perry A. Sook

 

 

 

ACCEPTED AND AGREED:

NEXSTAR MEDIA GROUP, INC.

 

	
	
/s/ Thomas E. Carter

	
Thomas E. Carter

	
Executive Vice President & Chief

Financial Officer

 

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EXHIBIT A – TARGET BONUS CRITERIA

 

The Compensation Committee will evaluate and award the Bonus set forth in Section 4(b) based on Sook’s meeting the following criteria for each fiscal year of this Agreement: 

 

	
 
	
•
	
Twenty-five percent (25%) earned if Nexstar Broadcasting, Inc. exceeds ninety percent (90%) of budgeted EBIDTA for the fiscal year;

 

	
 
	
•
	
Twenty-five percent (25%) earned if Nexstar Digital LLC exceeds eighty percent (80%) of budgeted EBITDA for the fiscal year;

 

	
 
	
•
	
Twenty-five percent (25%) earned if the Company is in the top forty percent (40%) of its Peer Group (as defined below) in revenue or EBITDA growth for stations and businesses owned as of the beginning of the fiscal year; and

 

	
 
	
•
	
Twenty-five percent (25%) earned at the discretion of the Committee.

 

By way of example for 2019, Mr. Sook may earn a total bonus of $3,250,000 based on the following:

 

	
 
	
•
	
$812,500 awarded for Nexstar Broadcasting, Inc. exceeding ninety percent (90%) of budgeted EBIDTA for the fiscal year;

 

	
 
	
•
	
$812,500 awarded for Nexstar Digital LLC exceeding eighty percent (80%) of budgeted EBITDA for the fiscal year;

 

	
 
	
•
	
$812,500 awarded if the Company is in the top forty percent (40%) of its Peer Group (as defined below) in revenue or EBITDA growth for stations and businesses owned as of the beginning of the fiscal year; and 

 

	
 
	
•
	
$812,500 awarded at the discretion of the Committee. 

 

 

Peer Group: CBS Corporation; Viacom, Inc.; Discovery, Inc.; News Corporation; The Liberty Sirius XM Group; IAC/Interactive Corp; Cinemark Holdings, Inc.; Gannett Co., Inc.; Sinclair Broadcast Group, Inc.; AMC Networks, Inc.; Clear Channel Outdoor Holdings, Inc.; Meredith Corporation; Tegna, Inc.; The E.W. Scripps Company; Gray Television, Inc.

 

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EXHIBIT B – RSU AWARDS

 

Non-Performance Based RSU Awards

 

Mr. Sook will be granted non-performance based RSUs in the amounts and on the schedule as follows:

 

January 15, 2019 - 62,500 RSUs to vest in equal annual installments of 15,625 RSUs on each of January 15, 2020, January 15, 2021, January 15, 2022 and January 15, 2023;

 

January 15, 2020 - 62,500 RSUs to vest in annual installments of 20,833 RSUs on each of January 15, 2021 and January 15, 2022, and 20,834 on January 15, 2023;

 

January 15, 2021 - 62,500 RSUs to vest in equal annual installments of 31,250 RSUs on each of January 15, 2022 and January 15, 2023; and

 

January 15, 2022 - 62,500 RSUs, which will all vest on January 15, 2023.

 

 

Performance Based RSU Awards

 

Mr. Sook will be granted an additional 250,000 RSUs (the “Performance RSUs”) as follows:

 

On January 15, 2019, the Company will issue Sook 83,334 RSUs which will vest in full on January 15, 2021 if the total shareholder return for the Measurement Period is in the top sixty-five percent (65%) of the Peer Group (as defined above) provided that the total shareholder return is greater than zero on the r Measurement Period. 

 

On January 15, 2020, the Company will issue Sook 83,333 RSUs which will vest in full on January 15, 2022 if the total shareholder return for Measurement Period is in the top sixty-five percent (65%) of the Peer Group provided that the total shareholder return is greater than zero for the Measurement Period.

 

On January 15, 2021, the Company will issue Sook 83,333 RSUs which will vest in full on January 15, 2023 if the total shareholder return for the Measurement Period is in the top sixty-five percent (65%) of the Peer Group provided that the total shareholder return is greater than zero for the Measurement Period.

 

If, for the foregoing Measurement Periods, the total shareholder return is in the top 65% of the Peer Group, but the total shareholder return is less than zero, the Committee may, in its sole discretion based on an analysis of all relevant factors, authorize the vesting of up to ninety percent (90%) of the Performance RSUs for such vesting period.  

 

The Measurement Period for the 2019 award shall be from the last full trading day preceding December 25, 2018 through the last full trading day preceding December 25, 2020; the 

13

 

 

Measurement period for the 2020 award shall be the last full trading day preceding December 25, 2019 through the last full trading day preceding December 25, 2021; and the Measurement Period for the 2021 award shall be the last full trading day preceding December 25, 2020 through the last full trading day preceding December 25, 2022. 

14Exhibit 10.1

  

  

  

  
    

    

     FIFTH AMENDMENT TO CREDIT AGREEMENT 

    

     

    FIFTH AMENDMENT TO CREDIT
          AGREEMENT (this “Amendment”), dated as of January 18, 2019, by and among WEX INC., a Delaware corporation (the “Company”), WRIGHT EXPRESS INTERNATIONAL HOLDINGS LIMITED, as a Designated Borrower (as defined in the Existing Credit Agreement referred to below), WEX CARD HOLDINGS AUSTRALIA PTY LTD.
        (the “Specified Designated Borrower”), (together with the Company and the Designated Borrower, the “Amendment Loan Parties”), the 2019 Incremental Term A-3 Lenders (as defined herein), the Incremental Revolving Lenders (as defined herein) and BANK OF AMERICA, N.A., as the Administrative Agent (as defined in
        the Existing Credit Agreement referred to below).

     

    W I T N E S S E T H: 

    

     

    WHEREAS, the
        Company, the Designated Borrowers from time to time party thereto, the Specified Designated Borrower, the Lenders from time to time party thereto and the Administrative Agent are party to that certain Credit Agreement, dated as of July 1, 2016 (as
        amended as of July 3, 2017, October 30, 2017, January 17, 2018, August 24, 2018 and as it may be further amended, supplemented or otherwise modified prior to the date hereof, the “Existing Credit Agreement”);

     

    WHEREAS, pursuant
        to Section 2.17 of the Existing Credit Agreement, the Company may increase the aggregate principal amount of any existing Term Facility by, among other things, entering into an Amendment in accordance with the terms and conditions of the Existing
        Credit Agreement

     

    WHEREAS, the
        Company has notified the Administrative Agent that it is requesting (i) an increase in the Term A-3 Loans in the amount of $300,000,000 (the “Tranche A Incremental Term
            Increase”) pursuant to Section 2.17 of the Existing Credit Agreement and clause (III) of the definition of “Incremental Cap”, (ii) an increase in the Term A-3 Loans in the amount of $275,000,000 (the “Tranche B Incremental Term Increase”) pursuant to Section 2.17 of the Existing Credit Agreement and clauses (I) and/or (III) of the definition of “Incremental Cap” and (iii) an increase
        in the Revolving Credit Commitments in the amount of $25,000,000 (the “Incremental Revolving Increase”) pursuant to Section 2.17 of the Existing Credit
        Agreement and clauses (I) and/or (III) of the definition of “Incremental Cap”;

     

    WHEREAS, each (i)
        Tranche A 2019 Incremental Term A-3 Lender (as defined below) has agreed, subject to the terms and conditions set forth herein and in the Existing Credit Agreement, to provide a portion of the Tranche A Incremental Term Increase on the Tranche A
        Fifth Amendment Effective Date to the Company in an aggregate principal amount equal to its Tranche A 2019 Incremental Term A-3 Commitment (as defined below) and (ii) Tranche B 2019 Incremental Term A-3 Lender (as defined below) has agreed, subject
        to the terms and conditions set forth herein and in the Existing Credit Agreement, to provide a portion of the Tranche B Incremental Term Increase on the Tranche B Fifth Amendment Effective Date to the Company in an aggregate principal amount equal
        to its Tranche B 2019 Incremental Term A-3 Commitment (as defined below);

     

    WHEREAS, each
        Incremental Revolving Lender has agreed, subject to the terms and conditions set forth herein and in the Existing Credit Agreement, to provide a portion of the Incremental Revolving Increase on the Tranche B Fifth Amendment Effective Date to the
        Company in an aggregate principal amount equal to its Incremental Revolving Commitment (as defined below);

     

    WHEREAS, the
        parties hereto wish to amend the Existing Credit Agreement on the terms and subject to the conditions set forth herein;

     

      

    
      
        

    

    
     

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

     

    SECTION 1.    Defined Terms. Capitalized terms used but not defined herein shall have the respective
        meanings assigned to such terms in the Existing Credit Agreement, as amended by this Amendment (the “Amended Credit Agreement”).

     

    SECTION 2.    Amendments.

     

    (a)            Effective as of the Tranche A Fifth Amendment Effective Date, the Existing Credit Agreement is hereby amended to delete the stricken text (indicated textually in the same manner as the following
        example: stricken text) and to add the double-underlined text (indicated textually in the same manner as the following example: double-underlined text) as set forth in the pages of the Amended Credit Agreement attached as Exhibit A hereto.  Each of the Tranche A 2019 Incremental Term A-3 Lenders, Tranche B 2019 Incremental Term A-3 Lenders and Incremental Revolving Lenders hereby consent to the Required
        Lender Amendments (as defined in the Fourth Amendment) and it is understood and agreed that after giving effect to the Tranche A 2019 Incremental Term A-3 Loans (as defined below), the Required Lenders have consented to the Required Lender
        Amendments and such Required Lender Amendments shall be effective as of the Tranche A Fifth Amendment Effective Date.

      

    

    (b)            Effective as of the Tranche B Fifth Amendment Effective Date, the Amended Credit Agreement shall be amended as follows (the Amended Credit Agreement, as amended by this clause (b), the “Tranche B Amended Credit Agreement”):

     

    
      
        (i) The following defined terms shall be added to Section 1.01 in alphabetical order:

      

    

     

    “Tranche B 2019 Incremental Term A-3
            Commitment” has the meaning assigned to such term in the Fifth Amendment.

      

    

    “Tranche B 2019 Incremental Term A-3 Lender”
        has the meaning assigned to such term in the Fifth Amendment.

      

    

    “Tranche B 2019 Incremental Term A-3 Loans”
        has the meaning assigned to such term in the Fifth Amendment.

      

    

    “Tranche B Fifth Amendment Effective Date”
        has the meaning assigned to such term in the Fifth Amendment.

     

    
      
        (ii) The definition of “Interest Period” in Section 1.01 of the Amended Credit Agreement shall be amended by deleting “and” after clause (viii), replacing “.” with “; and” at the end of clause (ix) and adding the following
            new clause (x):

      

    

     

    (x)            all Tranche B 2019 Incremental Term A-3 Loans shall have the initial Interest Period(s) set forth in Section 4(b) of the Fifth Amendment.

     

    
      
        (iii) The definition of “Term A-3 Commitment” in Section 1.01 of the Amended Credit Agreement shall be amended by replacing “and” at the end of clause (iii) with  “,” and adding “and (v) with
            respect to each Tranche B 2019 Incremental Term A-3 Lender, its Tranche B 2019 Incremental Term A-3 Commitment” after clause (iv).

         

          

        

        
          - 2 -

          
            

        

        
         

            

        (iv) The definition of “Term A-3 Facility” in Section 1.01 of the Amended Credit Agreement shall be amended by replacing the parenthetical in clause (b) in its entirety with the following: “(including the
            Incremental Term A-3 Loans, the Tranche A 2019 Incremental Term A-3 Loans and the Tranche B 2019 Incremental Term A-3 Loans)”.

         

          

      

    

    
      
        (v) Section 2.02(a) of the Amended Credit Agreement shall be amended by adding “, the Tranche B 2019 Incremental Term A-3 Loans,” immediately after the reference to “the Tranche A 2019 Incremental Term A-3
            Loans”.

         

          

      

    

    
      
        (vi) Section 2.06(b)(i) of the Amended Credit Agreement shall be amended by adding “and the Tranche B 2019 Incremental Term A-3 Commitments” immediately after the reference to “Tranche A 2019 Incremental
            Term A-3 Commitments”.

         

          

      

    

    
      
        (vii) Section 2.07(a)(ii) of the Amended Credit Agreement shall be replaced in its entirety with the following: “(ii) in equal quarterly payments in the amount of 1.2820512821% of the aggregate
            principal amount of the Term A-3 Loans outstanding as of the Tranche A Fifth Amendment Effective Date (after giving effect to the Tranche A 2019 Incremental Term A-3 Loans) commencing on March 31, 2019 and on the last day of each March, June,
            September and December thereafter, through and including March 31, 2023 (unless the Tranche B Fifth Amendment Effective Date has occurred, in which case through and including the Tranche B Fifth Amendment Effective Date)”.

         

          

      

    

    
      
        (viii) Section 2.07(a) of the Amended Credit Agreement shall be amended by changing clause (iii) to clause (iv) and adding the following new clause (iii):

      

    

     

    “(iii) if the Tranche B Fifth Amendment Effective Date has occurred, in equal quarterly payments
        in the amount equal to the percentage set forth in clause (ii), as adjusted by the Company and the Administrative Agent to ensure the fungibility of the Term A-3 Loans, of the aggregate principal amount of the Term A-3 Loans outstanding as of the
        Tranche B Fifth Amendment Effective Date (after giving effect to the Tranche B 2019 Incremental Term A-3 Loans) commencing on the last day of the first calendar quarter ending after the Tranche B Fifth Amendment Effective Date and on the last day
        of each March, June, September and December thereafter, through and including March 31, 2023,”

     

    
      
        (ix) Section 6.11 of the Amended Credit Agreement shall be amended by replacing “and” before clause (v) with “,” and adding the following new clause (vi): “and (vi) Tranche B 2019 Incremental Term A-3 Loans
            made on the Tranche B Fifth Amendment Effective Date for financing a portion of the Discovery Acquisition (as defined in the Fifth Amendment) and fees and expenses in connection therewith and with the Fifth Amendment.”

      

    

     

            SECTION 3.   Tranche A Incremental Term Increase.

     

    (a)            Each Person who executes this Amendment and whose name is set forth on Schedule I hereto as a Tranche A 2019 Incremental Term A-3 Lender (each, a “Tranche A 2019 Incremental Term A-3 Lender”) irrevocably (i) in its capacity as a Tranche A 2019 Incremental Term A-3 Lender, consents to the terms of this Amendment, (ii) commits to provide a portion of the
        Tranche A Incremental Term Increase (the loans thereunder, the “Tranche A 2019 Incremental Term A-3 Loans”) in the aggregate principal amount set forth on
        Schedule I hereto opposite such Tranche A 2019 Incremental Term A-3 Lender’s name (each, a “Tranche A 2019 Incremental Term A-3 Commitment”) and (iii)
        agrees, upon the Tranche A Fifth Amendment Effective Date, to make Tranche A 2019 Incremental Term A-3 Loans in an amount equal to its Tranche A 2019 Incremental Term A-3 Commitment to the Company. The Tranche A 2019 Incremental Term A-3
        Commitments of the Tranche A 2019 Incremental Term A-3 Lenders shall terminate upon funding of the Tranche A 2019 Incremental Term A-3 Loans. Pursuant to Section 2.17 of the Amended Credit Agreement, the Tranche A 2019 Incremental Term A-3 Loans
        shall be Term A-3 Loans for all purposes under the Amended Credit Agreement and each of the other Loan Documents and shall have terms identical to the existing Term A-3 Loans under the Amended Credit Agreement.

     

    
      - 3 -

      
        

    

    
    (b)            The Tranche A 2019 Incremental Term A-3 Loans shall be added to (and constitute a part of, be of the same Type as and have the same Interest Period as) each Borrowing of outstanding Term A-3 Loans on a
        pro rata basis (based on the relative sizes of such Borrowings), so that each Tranche A 2019 Incremental Term A-3 Lender providing such Tranche A 2019 Incremental Term A-3 Loans will participate proportionately in the outstanding Borrowing of Term
        A-3 Loans. Notwithstanding anything in the Amended Credit Agreement to the contrary (including Section 2.08 thereof), the initial Interest Period(s) with respect to Tranche A 2019 Incremental Term A-3 Loans shall commence on the Tranche A Fifth
        Amendment Effective Date and end on the date(s) necessary (as reasonably determined by the Administrative Agent and the Company) to ensure that all such Tranche A 2019 Incremental Term A-3 Loans are included in each Borrowing of outstanding Term
        A-3 Loans on a pro rata basis. The Administrative Agent is hereby authorized to take all actions as may be reasonably necessary to ensure that all such Tranche A 2019 Incremental Term A-3 Loans are included in each Borrowing of outstanding Term A-3
        Loans on a pro rata basis and the Administrative Agent shall be authorized to mark the Register accordingly to reflect the amendments and adjustments set forth herein.

     

    (c)            Each Tranche A 2019 Incremental Term A-3 Lender acknowledges and agrees that upon the Tranche A Fifth Amendment Effective Date, such Tranche A 2019 Incremental Term A-3 Lender shall be a “Lender”
        under, and for all purposes of the Amended Credit Agreement and the other Loan Documents, and shall be subject to and bound by the terms thereof, and shall perform all the obligations of and shall have all rights of a Lender thereunder.  Each
        Tranche A 2019 Incremental Term A-3 Lender also acknowledges and agrees that it has (x) received a copy of the Existing Credit Agreement, and has received or has been accorded the opportunity to receive copies of the most recent financial
        statements delivered pursuant to Section 6.01 thereof, as applicable, and such other documents and information as it deems appropriate to make its own
        credit analysis and decision to enter into this Amendment and (y) independently and without reliance upon the Administrative Agent or any other Lender and based on such documents and information as it has deemed appropriate, made its own credit
        analysis and decision to enter into this Amendment.

     

    SECTION 4.     Tranche B Incremental Term Increase.

     

    (a)            Each Person who executes this Amendment and whose name is set forth on Schedule II hereto as a Tranche B 2019 Incremental Term A-3 Lender (each, a “Tranche B 2019 Incremental Term A-3 Lender” and together with the Tranche A 2019 Incremental Term A-3 Lenders, the “2019
            Incremental Term A-3 Lenders”) irrevocably (i) in its capacity as a Tranche B 2019 Incremental Term A-3 Lender, consents to the terms of this Amendment, (ii) commits to provide a portion of the Tranche B Incremental Term Increase
        (the loans thereunder, the “Tranche B 2019 Incremental Term A-3 Loans”) in the aggregate principal amount set forth on Schedule II hereto opposite such
        Tranche B 2019 Incremental Term A-3 Lender’s name, as such schedule may be amended pursuant to Section 4(e) and/or Section 5(e) (each, a “Tranche B 2019 Incremental
            Term A-3 Commitment”) and (iii) agrees, upon the Tranche B Fifth Amendment Effective Date, to make Tranche B 2019 Incremental Term A-3 Loans in an amount equal to its Tranche B 2019 Incremental Term A-3 Commitment to the Company. The
        Tranche B 2019 Incremental Term A-3 Commitments of a Tranche B 2019 Incremental Term A-3 Lender shall terminate upon its funding of the applicable Tranche B 2019 Incremental Term A-3 Loans. Pursuant to Section 2.17 of the Tranche B Amended Credit
        Agreement, the Tranche B 2019 Incremental Term A-3 Loans shall be Term A-3 Loans for all purposes under the Amended Credit Agreement and each of the other Loan Documents and shall have terms identical to the existing Term A-3 Loans under the
        Tranche B Amended Credit Agreement.  The Company may, upon notice to the Administrative Agent, terminate the Tranche B 2019 Incremental Term A-3 Commitments or from time to time permanently reduce the Tranche B 2019 Incremental Term A-3
        Commitments.  Any reduction of the Tranche B Incremental Term A-3 Commitments shall be applied to each Lender according to its applicable percentage of the Tranche B Incremental Term A-3 Commitments.  If the Company elects to terminate the Tranche
        B 2019 Incremental Term A-3 Commitments in full, it shall also terminate the Incremental Revolving Commitments in full.  If the Company elects to reduce the Tranche B 2019 Incremental Term A-3 Commitments, it shall also reduce the Incremental
        Revolving Commitments on a pro rata basis.

     

    
      - 4 -

      
        

    

     

    (b)            The Tranche B 2019 Incremental Term A-3 Loans shall be added to (and constitute a part of, be of the same Type as and have the same Interest Period as) each Borrowing of outstanding Term A-3 Loans on a
        pro rata basis (based on the relative sizes of such Borrowings), so that each Tranche B 2019 Incremental Term A-3 Lender providing such Tranche B 2019 Incremental Term A-3 Loans will participate proportionately in the outstanding Borrowing of Term
        A-3 Loans. Notwithstanding anything in the Tranche B Amended Credit Agreement to the contrary (including Section 2.08 thereof), the initial Interest Period(s) with respect to Tranche B 2019 Incremental Term A-3 Loans shall commence on the Tranche B
        Fifth Amendment Effective Date and end on the date(s) necessary (as reasonably determined by the Administrative Agent and the Company) to ensure that all such Tranche B 2019 Incremental Term A-3 Loans are included in each Borrowing of outstanding
        Term A-3 Loans on a pro rata basis. The Administrative Agent is hereby authorized to take all actions as may be reasonably necessary to ensure that all such Tranche B 2019 Incremental Term A-3 Loans are included in each Borrowing of outstanding
        Term A-3 Loans on a pro rata basis and the Administrative Agent shall be authorized to mark the Register accordingly to reflect the amendments and adjustments set forth herein.

     

    (c)            Each Tranche B 2019 Incremental Term A-3 Lender acknowledges and agrees that upon the Tranche B Fifth Amendment Effective Date, such Tranche B 2019 Incremental Term A-3 Lender shall be a “Lender”
        under, and for all purposes of the Tranche B Amended Credit Agreement and the other Loan Documents, and shall be subject to and bound by the terms thereof, and shall perform all the obligations of and shall have all rights of a Lender thereunder. 
        Each Tranche B 2019 Incremental Term A-3 Lender also acknowledges and agrees that it has (x) received a copy of the Existing Credit Agreement, and has received or has been accorded the opportunity to receive copies of the most recent financial
        statements delivered pursuant to Section 6.01 thereof, as applicable, and such other documents and information as it deems appropriate to make its own
        credit analysis and decision to enter into this Amendment and (y) independently and without reliance upon the Administrative Agent or any other Lender and based on such documents and information as it has deemed appropriate, made its own credit
        analysis and decision to enter into this Amendment.

     

    (d)            The Company shall pay to the Administrative Agent for the account of each Tranche B 2019 Incremental Term A-3 Lender in accordance with its applicable percentage of the Tranche B Incremental Term A-3
        Commitments, a ticking fee (a “Tranche B Ticking Fee”) in Dollars equal to a per annum rate of 0.50% times the outstanding amount of the Tranche B 2019 Incremental Term A-3 Commitments. The Tranche B Ticking Fee shall accrue at all times from the Tranche A Fifth Amendment Effective Date until the earliest to
        occur of (i) the Tranche B Fifth Amendment Effective Date, (ii) the Tranche B Outside Date (as defined below) without the funding of the Tranche B 2019 Incremental Term A-3 Loans and (iii) the date of termination of all the outstanding Tranche B
        2019 Incremental Term A-3 Commitments (such earliest date, the “Tranche B Commitment Termination Date”).  The Tranche B Ticking Fee shall be due and payable
        on the Tranche B Commitment Termination Date.

    

    

    
      - 5 -

      
        

    

     

    (e)            At any time on or prior to the date that is 5 Business Days prior to the Tranche B Fifth Amendment Effective Date, pursuant to a written notice to the Administrative Agent executed by the Company and
        the applicable Tranche B 2019 Incremental Term A-3 Lender, all or a portion of the Tranche B 2019 Incremental Term A-3 Commitment of such Tranche B 2019 Incremental Term A-3 Lender may be converted into an Incremental Revolving Commitment.  Upon
        receipt of such notice, Schedule II and Schedule III hereto shall be amended to reflect such conversion without the consent of any other Lender (notwithstanding anything to the contrary in Section 10.01 of the Amended Credit Agreement) and such
        Tranche B 2019 Incremental Term A-3 Lender shall automatically become an Incremental Revolving Lender hereunder for all purposes of this Amendment and the Amended Credit Agreement and agrees to be bound by the provisions of this Amendment,
        including but not limited to Section 5 hereof.

     

    SECTION 5.    Revolving Commitment Increase.

     

    (a)            Each Person who executes this Amendment and whose name is set forth on Schedule III hereto as an Incremental  Revolving Lender (each, an “Incremental Revolving Lender”) irrevocably (i) in its capacity as an Incremental Revolving Lender, consents to the terms of this Amendment and (ii) commits to provide a portion of the Incremental Revolving Increase on
        the Tranche B Fifth Amendment Effective Date in the aggregate principal amount set forth on Schedule III hereto opposite such Incremental Revolving Lender’s name, as such schedule may be amended pursuant to Section 4(e) and/or Section 5(e) (each,
        an “Incremental Revolving Commitment”).  Pursuant to Section 2.17 of the Amended Credit Agreement, the Incremental Revolving Commitments shall be Revolving
        Credit Commitments for all purposes under the Amended Credit Agreement and each of the other Loan Documents and shall have terms identical to the existing Revolving Credit Commitments under the Amended Credit Agreement immediately prior to the date
        hereof (but giving effect to any amendments hereunder). The Company may, upon notice to the Administrative Agent, terminate the Incremental Revolving Commitments, or from time to time permanently reduce the Incremental Revolving Commitments.  Any
        reduction of the Incremental Revolving Commitments shall be applied to each Lender according to its applicable percentage of the Incremental Revolving Commitments. If the Company elects to terminate the Incremental Revolving Commitments in full, it
        shall also terminate the Tranche B 2019 Incremental Term A-3 Commitments in full.  If the Company elects to reduce the Incremental Revolving Commitments, it shall also reduce the Tranche B 2019 Incremental Term A-3 Commitments on a pro rata basis.

     

    (b)            Each Incremental Lender acknowledges and agrees that upon the Tranche B Fifth Amendment Effective Date, such Incremental Revolving Lender shall be a “Lender” under, and for all purposes of the Amended
        Credit Agreement and the other Loan Documents, and shall be subject to and bound by the terms thereof, and shall perform all the obligations of and shall have all rights of a Lender thereunder.  Each Incremental Revolving Lender also acknowledges
        and agrees that it has (x) received a copy of the Existing Credit Agreement, and has received or has been accorded the opportunity to receive copies of the most recent financial statements delivered pursuant to Section 6.01 thereof, as applicable, and such other documents and information as it deems appropriate to make its own credit analysis and decision to enter into this Amendment and (y)
        independently and without reliance upon the Administrative Agent or any other Lender and based on such documents and information as it has deemed appropriate, made its own credit analysis and decision to enter into this Amendment.

     

    (c)            To the extent any Revolving Credit Loans are outstanding on the Tranche B Fifth Amendment Effective Date, the reallocation of the Revolving Credit Lenders’ Revolving Credit Loans contemplated by
        Section 2.17(e) of the Existing Credit Agreement with respect to any increase in the Revolving Credit Commitments shall occur with respect to the Incremental Revolving Increase contemplated hereby on the Tranche B Fifth Amendment Effective Date,
        and the Incremental Revolving Lenders shall make Revolving Credit Loans on the Tranche B Fifth Amendment Effective Date as may be required to effectuate the reallocation.

     

    
      - 6 -

      
        

    

     

    (d)            The Company shall pay to the Administrative Agent for the account of each Incremental Revolving Lender in accordance with its applicable percentage of the Incremental Revolving Commitments, a ticking
        fee (a “Revolving Ticking Fee”) in Dollars equal to a per annum rate of 0.50% times
        the outstanding amount of the Incremental Revolving Commitments. The Revolving Ticking Fee shall accrue at all times from the Tranche A Fifth Amendment Effective Date until the earliest to occur of (i) the Tranche B Fifth Amendment Effective Date,
        (ii) the Tranche B Outside Date (as defined below) without the funding of the Tranche B 2019 Incremental Term A-3 Loans and (iii) the date of termination of all the outstanding Incremental Revolving Commitments (such earliest date, the “Revolving Commitment Termination Date”).  The Revolving Ticking Fee shall be due and payable on the Revolving Commitment Termination Date.

     

    (e)            At any time on or prior to the date that is 5 Business Days prior to the Tranche B Fifth Amendment Effective Date, pursuant to a written notice to the Administrative Agent executed by the Company and
        the applicable Incremental Revolving Lender, all or a portion of the Incremental Revolving Commitment of such Incremental Revolving Lender may be converted into a Tranche B 2019 Incremental Term A-3 Commitment.  Upon receipt of such notice,
        Schedule II and Schedule III hereto shall be amended to reflect such conversion without the consent of any other Lender (notwithstanding anything to the contrary in Section 10.01 of the Amended Credit Agreement) and such Incremental Revolving
        Lender shall automatically become a Tranche B 2019 Incremental Term A-3 Lender hereunder for all purposes of this Amendment and the Amended Credit Agreement and agrees to be bound by the provisions of this Amendment, including but not limited to
        Section 4 hereof.

     

    SECTION 6.    Conditions to Effectiveness and Funding of Tranche A 2019 Incremental Term A-3 Loans. 
        The effectiveness of the amendments set forth in Section 2(a)
        hereof and the obligations of the Tranche A 2019 Incremental Term A-3 Lenders to make the Tranche A 2019 Incremental Term A-3 Loans are subject to satisfaction of the following conditions precedent (the date of such satisfaction being the “Tranche A Fifth Amendment Effective Date”):

     

    (a)                  (i) each of the Amendment Loan Parties shall have executed and delivered counterparts of this Amendment to the Administrative Agent, (ii) the Tranche A 2019 Incremental Term A-3 Lenders shall have executed
        and delivered a counterpart of this Amendment to the Administrative Agent, (iii) each Domestic Subsidiary Guarantor shall have executed an acknowledgement and reaffirmation in the form attached hereto and (iv) the Administrative Agent shall have
        executed a counterpart of this Amendment;

     

      

    (b)                  the representations and warranties of the Amendment Loan Parties contained in Section 9 of this Amendment shall be true and correct on and as of the Tranche A Fifth Amendment Effective Date; provided that to the extent that any representation and warranty specifically refers to an earlier date, it shall be true and correct as of such earlier date;

     

    (c)                  as of the last day of the most recently ended Test Period, on a Pro Forma Basis after giving effect to the incurrence of the Tranche A Incremental Term Increase and all other appropriate pro forma
        adjustments (but without netting any cash proceeds from such incurrence), the Company would be in compliance with Section 7.11 of the Existing Credit Agreement and the Company shall have delivered to the Administrative Agent a certificate signed by
        a Responsible Officer thereof certifying that such condition has been satisfied (including appropriate calculations);

     

    
      - 7 -

      
        

    

     

    (d)                  immediately prior to and immediately after the Tranche A Fifth Amendment Effective Date, no Default or Event of Default shall have occurred and be continuing;

     

    (e)                  the Administrative Agent shall have received, on behalf of itself and each of the Lenders, a customary written opinion of Wilmer Cutler Pickering Hale and Dorr, LLP, in its capacity as counsel for the
        Amendment Loan Parties, dated as of the Tranche A Fifth Amendment Effective Date and addressed to the Administrative Agent and each of the Lenders;

     

    (f)                  all fees and expenses required to be paid by the Company on the Tranche A Fifth Amendment Effective Date pursuant to that certain Engagement Letter, dated as of January 2, 2019, by and between the Company
        and Bank of America, N.A., shall have been paid or shall be paid substantially concurrently with the effectiveness of this Amendment;

     

    (g)                  the Administrative Agent shall have received for the account of (i) each Tranche A 2019 Incremental Term A-3 Lender that has executed and delivered a counterpart of this Amendment to the Administrative
        Agent at or prior to 5:00 p.m. New York City time on January 11, 2019 (the “Signature Deadline”), an upfront fee (which shall take the form of OID)
        equal to 0.50% of the aggregate principal amount of such Tranche A 2019 Incremental Term A-3 Lender’s Tranche A 2019 Incremental Term A-3 Loans and (ii) each Tranche A 2019 Incremental Term A-3 Lender that has executed and delivered a counterpart
        of this Amendment to the Administrative Agent after the Signature Deadline but at or prior to 12:00 p.m. New York City time on January 16, 2019, an upfront fee (which shall take the form of OID) equal to 0.25% of the aggregate principal amount of
        such Tranche A 2019 Incremental Term A-3 Lender’s Tranche A 2019 Incremental Term A-3 Loans;

     

    (h)                  the Administrative Agent shall have received a certificate of the Company signed by a Responsible Officer thereof:

     

    
      
        (i) certifying that no Default or Event of Default shall exist or would exist immediately prior to or after giving effect to this Amendment, including the incurrence of the Tranche A 2019 Incremental Term A-3 Loans, and

         

          

      

    

    
      
        (ii) certifying that the condition set forth in Section 6(b) hereof has been satisfied;

      

    

     

    (i)                  the Administrative Agent shall have received a Solvency Certificate executed by the chief financial officer of the Company dated as of the Tranche A Fifth Amendment Effective Date and certifying as to the
        matters set forth therein after giving effect to this Amendment and the Tranche A 2019 Incremental Term A-3 Loans;

     

    (j)                  the Administrative Agent shall have received (i) such certificates of resolutions or other action, incumbency certificates and/or other certificates of Responsible Officers of each Amendment Loan Party and
        each Domestic Subsidiary Guarantor (as defined in the Existing Credit Agreement) as the Administrative Agent may reasonably require evidencing the identity, authority and capacity of each Responsible Officer thereof authorized to act as a
        Responsible Officer in connection with this Amendment and the Amended Credit Agreement and (ii) such documents and certifications as the Administrative Agent may reasonably require to evidence that each Amendment Loan Party and each Domestic
        Subsidiary Guarantor is duly organized or formed, and that each Amendment Loan Party and each Domestic Subsidiary Guarantor is validly existing, in good standing in such entity’s jurisdiction of incorporation, organization or formation;

     

    
      
        (k) (x)            each Loan Party shall have provided the
            documentation and other information to the Administrative Agent that are required by regulatory authorities under applicable “know-your-customer” rules and regulations, including the USA PATRIOT Act, at least 3 business days prior to the
            Tranche A Fifth Amendment Effective Date to the extent such information has been requested at least 10 days prior to the Tranche A Fifth Amendment Effective Date; and

      

    

     

    
      - 8 -

      
        

    

    (y)        at least 5 days prior to the Tranche A Fifth Amendment Effective Date, the Company shall have delivered, to each Lender that so requests to the extent requested at least
        10 days prior to the Tranche A Fifth Amendment Effective Date, a certification regarding beneficial ownership of the Company required by 31 C.F.R. § 1010.230 (the “Beneficial Ownership Certifications”); and

      

    

    (l)                  the Administrative Agent shall have received a Loan Notice in accordance with Section 2.02(a) of the Existing Credit Agreement with respect to the Tranche A 2019 Incremental Term A-3 Loans.

      

    

    Each Tranche A 2019 Incremental Term A-3 Lender that submits an executed counterpart hereto acknowledges and agrees that
        in the absence of a change to the terms and conditions of this Amendment (including Exhibit A hereto) that is (x) materially adverse to the Tranche A 2019 Incremental Term A-3 Lenders and (y) made after the submission of such executed counterpart,
        such submission is irrevocable.

      

    

    SECTION 7.    Conditions to Effectiveness, Funding of Tranche B 2019 Incremental Term A-3 Loans and the
            Incremental Revolving Increase.  The effectiveness of the amendments set forth in Section 2(b) hereof and the obligations of the Tranche B
        2019 Incremental Term A-3 Lenders and Incremental Revolving Lenders to make the Tranche B 2019 Incremental Term A-3 Loans and the Incremental Revolving Increase, respectively, are subject to satisfaction of the following conditions precedent (the
        date of such satisfaction being the “Tranche B Fifth Amendment Effective Date”):

      

    

    (a)                  the Tranche B 2019 Incremental Term A-3 Lenders and Incremental Revolving Lenders shall have executed and delivered a counterpart of this Amendment to the Administrative Agent;

      

    

    (b)                  the representations and warranties of the Amendment Loan Parties contained in Section 9 of this Amendment
        shall be true and correct on and as of the Tranche B Fifth Amendment Effective Date; provided that to the extent that any representation and
        warranty specifically refers to an earlier date, it shall be true and correct as of such earlier date;

      

    

    (c)                  (i) as of the last day of the most recently ended Test Period, on a Pro Forma Basis after giving effect to the incurrence of the Tranche B Incremental Term Increase, the Incremental Revolving Increase and
        all other appropriate pro forma adjustments (but (x) without netting any cash proceeds from such incurrence and (y) treating the Incremental Revolving Commitments as fully drawn), the Company would be in compliance with Section 7.11 of the Amended
        Credit Agreement and (ii) after giving effect to the Tranche B Incremental Term A-3 Loans, the aggregate principal amount of the Incremental Facilities established on or prior to the Tranche B Fifth Amendment Effective Date shall not exceed the
        Incremental Cap and the Company shall have delivered to the Administrative Agent a certificate signed by a Responsible Officer thereof certifying that such conditions have been satisfied (including appropriate calculations);

      

    

    (d)                  immediately prior to and immediately after the Tranche B Fifth Amendment Effective Date, no Default or Event of Default shall have occurred and be continuing;

     

      

    
      - 9 -

      
        

    

      

    

    (e)                  the Administrative Agent shall have received a reaffirmation of the applicable Foreign Obligations in form and substance reasonably satisfactory to the Administrative Agent and signed by each of the Foreign
        Subsidiary Guarantors;

      

    

    (f)                  all expenses required to be paid by the Company on the Tranche B Fifth Amendment Effective Date pursuant to that certain Engagement Letter, dated as of January 2, 2019, by and between the Company and Bank
        of America, N.A., shall have been paid or shall be paid substantially concurrently with the effectiveness of this Amendment;

      

    

    (g)                  the Administrative Agent shall have received for the account of (i) each Tranche B 2019 Incremental Term A-3 Lender and Incremental Revolving Lender that has executed and delivered a counterpart of this
        Amendment to the Administrative Agent at or prior to the Signature Deadline, an upfront fee (which shall take the form of OID for the Tranche B 2019 Incremental Term A-3 Loans) equal to 0.50% of the aggregate principal amount of such Lender’s
        Tranche B 2019 Incremental Term A-3 Loans and Incremental Revolving Commitments and (ii) each Tranche B 2019 Incremental Term A-3 Lender and Incremental Revolving Lender that has executed and delivered a counterpart of this Amendment to the
        Administrative Agent after the Signature Deadline but at or prior to 12:00 p.m. New York City time on January 16, 2019, an upfront fee (which shall take the form of OID for the Tranche B 2019 Incremental Term A-3 Loans) equal to 0.25% of the
        aggregate principal amount of such Lender’s Tranche B 2019 Incremental Term A-3 Loans and Incremental Revolving Commitments;

      

    

    (h)                  the Administrative Agent shall have received a certificate of the Company signed by a Responsible Officer thereof:

     

    
      
        (i) certifying that no Default or Event of Default shall exist or would exist immediately prior to or after giving effect to this Amendment, including the incurrence of the Tranche B 2019
            Incremental Term A-3 Loans and the establishment of the Incremental Revolving Commitments, and

         

          

      

    

    
      
        (ii) certifying that the condition set forth in Section 7(b) hereof has been satisfied;

      

    

     

    (i)                  the Administrative Agent shall have received a Solvency Certificate executed by the chief financial officer of the Company dated as of the Tranche B Fifth Amendment Effective Date and certifying as to the
        matters set forth therein after giving effect to this Amendment and the Tranche B 2019 Incremental Term A-3 Loans;

      

    

    (j)                  the Administrative Agent shall have received a Loan Notice in accordance with Section 2.02(a) of the Amended Credit Agreement with respect to the Tranche B 2019 Incremental Term A-3 Loans; and

      

    

    (k)                  the acquisition by Parent or its Subsidiaries of Discovery Benefits, Inc., a North Dakota corporation, (the “Discovery
            Acquisition”) shall have been consummated substantially concurrently with the funding of the Tranche B Incremental Term A-3 Loans;

      

    

    (l)                  the Tranche A Fifth Amendment Effective Date shall have occurred;

      

    

    (m)                  at least 5 days prior to the Tranche B Fifth Amendment Effective Date, the Designated Borrower and/or Specified Designated Borrower shall have delivered, to each Lender that so requests to the extent
        requested at least 10 days prior to the Tranche B Fifth Amendment Effective Date, a Beneficial Ownership Certificate regarding such Borrower.

     

      

    
      - 10 -

      
        

    

      

    

    Each Tranche B 2019 Incremental Term A-3 Lender and Incremental Revolving Lender that submits an executed counterpart
        hereto acknowledges and agrees that in the absence of a change to the terms and conditions of this Amendment (including Exhibit A hereto) that is (x) materially adverse to the Tranche B 2019 Incremental Term A-3 Lenders or Incremental Revolving
        Lenders, as applicable, and (y) made after the submission of such executed counterpart, such submission is irrevocable.

     

    If the Tranche B Fifth Amendment Effective Date does not occur on or prior May 31, 2019 (the “Tranche B Outside Date”), the Tranche B 2019 Incremental Term A-3 Commitments and Incremental Revolving Commitments shall automatically terminate and the Tranche B 2019
        Incremental Term A-3 Lenders and Incremental Revolving Lenders shall have no obligation to fund any Tranche B 2019 Incremental Term A-3 Loans or Revolving Credit Loans pursuant to the Incremental Revolving Increase, respectively.

     

    SECTION 8.   Post-Closing Covenants.  The following provisions apply unless the Incremental Revolving Commitments have terminated on or before the Tranche B Fifth Amendment
        Effective Date:

     

    (a)                Within two Business Days (or such later date agreed by the Administrative Agent) of the Tranche B Fifth Amendment Effective Date, WEX Europe Services Holdings Limited
        shall have executed and delivered to the Administrative Agent a deed of confirmation of that certain pledge agreement dated as of July 5, 2016, between WEX Europe Services Holdings Limited and the Administrative Agent;

     

    (b)                Within one Business Day (or such later date agreed by the Administrative Agent) of the Tranche B Fifth Amendment Effective Date, the Administrative Agent shall have received (i) such
        certificates of resolutions or other action, incumbency certificates and/or other certificates of Responsible Officers of WEX Europe Services Holdings Limited (the “UK Pledgor”) evidencing the identity, authority and capacity of each Responsible Officer thereof authorized to act as a Responsible Officer in connection with this Amendment and the Amended Credit
        Agreement, (ii) a certificate of incorporation from Companies House certifying that the UK Pledgor has been in continuous, unbroken existence since its incorporation and that no action is currently being taken to strike the company off the
        register, such certificate to be dated no earlier than ten (10) Business Days prior to the Tranche B Fifth Amendment Effective Date (or such earlier date agreed by the Administrative Agent) and (iii) such documents and certificates as the
        Administrative Agent may reasonably require to evidence that the UK Pledgor is duly organized or formed, and that the UK Pledgor is validly existing, in good standing in such entity’s jurisdiction of incorporation, organization or formation; and

     

    (c)                Within two Business Days (or such later date agreed by the Administrative Agent) of the Tranche B Fifth Amendment Effective Date, the Administrative Agent shall have received, on behalf of itself and each
        of the Lenders, a customary written opinion of (i) Jones Day, in its capacity as English counsel for the Administrative Agent and (ii) Jones Day, in its capacity as Italian counsel for the Administrative Agent, each dated as of the Tranche B Fifth
        Amendment Effective Date and addressed to the Administrative Agent.

     

    SECTION 9.    Representations and Warranties.  Each Amendment Loan Party hereby represents and
        warrants on and as of each of the Tranche A Fifth Amendment Effective Date and the Tranche B Fifth Amendment Effective Date, as applicable, that:

     

    (a)                the representations and warranties of the Borrowers contained in Article V of the
        Amended Credit Agreement and the representations and warranties of each Loan Party contained in each other Loan Document shall be true and correct on and as of the Tranche A Fifth Amendment Effective Date and the Tranche B Fifth Amendment
        Effective, except to the extent that such representations and warranties specifically refer to an earlier date, in which case they shall be true and correct as of such earlier date, and except that the representations and warranties contained in
        subsections (a) and (b) of Section 5.05 of the Existing Credit Agreement shall be deemed to refer to the most recent statements furnished pursuant
        to clauses (a) and (b), respectively, of Section 6.01 of the Existing Credit Agreement;

     

      

    
      - 11 -

      
        

    

     

    (b)                this Amendment has been duly executed and delivered by each Amendment Loan Party and this Amendment, the Amended Credit Agreement and each other Loan Document constitute legal, valid and binding obligations
        of such Amendment Loan Party, enforceable against such Amendment Loan Party in accordance with their respective terms;

     

    (c)                the Guaranties do, and shall continue to, guarantee the Obligations (or Foreign Obligations, as applicable);

     

    (d)                the Collateral Documents and all of the Collateral described therein do, and shall continue to, secure the payment of all of the Obligations (or Foreign Obligations, as applicable);

     

    (e)                the information included in the Beneficial Ownership Certifications provided on or prior to the Tranche A Fifth Amendment Effective Date or Tranche B Fifth Amendment Effective Date, as
        applicable, is true and correct in all respects; and

     

    (f)                the execution, delivery and performance by each Amendment Loan Party of this Amendment and the performance by each Amendment Loan Party of the Amended Credit Agreement have been duly authorized by all
        necessary corporate or other organizational action, and do not and will not (a) contravene the terms of any of such Amendment Loan Party’s Organization Documents; (b) conflict with or result in any breach or contravention of, or the creation of any
        Lien under, or require any payment to be made under (i) any Contractual Obligation to which such Amendment Loan Party is a party or affecting such Amendment Loan Party or the properties of such Amendment Loan Party or any of its Subsidiaries or
        (ii) any order, injunction, writ or decree of any Governmental Authority or any arbitral award to which such Amendment Loan Party or its property is subject; or (c) violate any Law in any manner that is materially adverse to the Company and its
        Subsidiaries, except, in each case referred to (x) in clause (b)(i), or (y) to the extent relating to any order, injunction, writ or decree of any Governmental Authority not specifically relating to such Person or its property, in clause (b)(ii),
        to the extent that the same could not, individually or in the aggregate, reasonably be expected to result in a Material Adverse Effect.

     

    SECTION 10.    Effects on Loan Documents.

      

    

    (a)                On and after (i) the Tranche A Fifth Amendment Effective Date, each reference in any Loan Document to “the Credit Agreement” shall mean and be a reference to the Amended Credit Agreement and each reference
        in the Existing Credit Agreement to “this Agreement,” “hereunder,” “hereof” or words of like import shall mean and be a reference to the Amended Credit Agreement and (ii) the Tranche B Fifth Amendment Effective Date, each reference in any Loan
        Document to “the Credit Agreement” shall mean and be a reference to the Tranche B Amended Credit Agreement and each reference in the Existing Credit Agreement to “this Agreement,” “hereunder,” “hereof” or words of like import shall mean and be a
        reference to the Tranche B Amended Credit Agreement.

     

    (b)                Except as specifically amended herein, all Loan Documents (including the Guaranties and all Liens granted thereunder in respect of the Obligations) shall continue to be in full force and effect and are
        hereby in all respects ratified and confirmed.  Each Amendment Loan Party reaffirms its Guaranties and any prior grant and the validity of any Liens granted by it pursuant to the Collateral Documents, with all such Liens continuing in full force
        and effect after giving effect to this Amendment.

     

      

    
      - 12 -

      
        

    

     

    (c)                The execution, delivery and effectiveness of this Amendment shall not operate as a waiver of any right, power or remedy of any Lender or the Administrative Agent under any of the Loan Documents, nor
        constitute a waiver of any provision of the Loan Documents or in any way limit, impair or otherwise affect the rights and remedies of the Administrative Agent or the Lenders under the Loan Documents.  This Amendment, the Amended Credit Agreement
        and the Tranche B Amended Credit Agreement shall not constitute a novation of the Existing Credit Agreement or the other Loan Documents.

     

    (d)                The Company and the other parties hereto acknowledge and agree that, (x) on and after the Tranche A Fifth Amendment Effective Date, this Amendment shall constitute an Additional Credit Extension Amendment
        and a Loan Document for all purposes of the Amended Credit Agreement with respect to the Tranche A 2019 Incremental Term A-3 Loans and (y) on and after the Tranche B Fifth Amendment Effective Date, this Amendment shall constitute an Additional
        Credit Extension Amendment and a Loan Document for all purposes of the Amended Credit Agreement with respect to the Tranche B 2019 Incremental Term A-3 Loans and the Incremental Revolving Commitments.  This Amendment shall constitute notice to the
        Administrative Agent required under Section 2.17(a) of the Existing Credit Agreement with respect to the Tranche A Incremental Term Increase, Tranche B Incremental Term Increase and Incremental Revolving Increase.

     

    SECTION 11.   GOVERNING LAW.  THIS AMENDMENT 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 AMENDMENT AND THE TRANSACTIONS CONTEMPLATED HEREBY SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK.

     

    SECTION 12.   Tax Fungibility of Term A-3 Loans. The parties hereto shall treat the Tranche A 2019 Incremental Term A-3 Loans, the
      Tranche B 2019 Incremental Term A-3 Loans and the existing Term A-3 Loans as one fungible tranche for U.S. federal and applicable state and local income tax purposes.

     

    SECTION 13.   Miscellaneous.

     

    (a)                This Amendment shall be binding upon and inure to the benefit of the Loan Parties and their respective successors and permitted assigns, and upon the Administrative Agent and the Lenders and their
        respective successors and permitted assigns.

     

    (b)                To the extent permitted by applicable Law, any provision of this Amendment held to be invalid, illegal or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of
        such invalidity, illegality or unenforceability without affecting the validity, legality and enforceability of the remaining provisions hereof; and the invalidity of a particular provision in a particular jurisdiction shall not invalidate such
        provision in any other jurisdiction.

     

    (c)                This Amendment may be executed in counterparts (and by different parties hereto on different counterparts), each of which shall constitute an original, but all of which when taken together shall constitute
        a single contract.

     

     

    [Remainder of page intentionally left blank.]

     

      

    
      - 13 -

      
        

    

    

    IN WITNESS WHEREOF, the parties hereto have caused their duly authorized officers to execute and deliver this Amendment as
        of the date first above written.

     

     
      	
               

            	
              WEX INC. 

              

            
	
               

            	
               

            	
               

            	 
	
               

            	
               

            	
               

            	 
	
               

            	
              By: 

              

            	
              /s/ Roberto Simon 

              

            
	
               

            	
               

            	
              Name: 

              

            	Roberto Simon 

            
	
               

            	
               

            	
              Title: 

              

            	Chief Financial Officer 

            

    

    

        

        

    	 	DESIGNATED BORROWER:
            

          
	 	 
	 	WRIGHT EXPRESS INTERNATIONAL HOLDINGS LIMITED 

          
	 	 	 	 
	 	 	 	 
	 	By: 

          	/s/ Roberto Simon Rabanal 
	 	 	Name:

          	Roberto Simon Rabanal 

          
	 	 	Title: 

          	Director 

          

     

     

        

          

      

    	 	SPECIFIED DESIGNATED
                BORROWER: 

          
	 	 
	 	Executed in accordance with section 127 of the Corporations Act 2001 (Cth) by 

          
	 	 
	 	WEX CARD HOLDINGS AUSTRALIA PTY LTD 

          
	 	 	 	 
	 	 	 	 
	 	By: 

          	/s/ Roberto Simon Rabanal 
	 	 	Name: 

          	Roberto Simon Rabanal 

          
	 	 	Title:  

          	Director 

          
	 	 	 	 
	 	 	 	 
	 	By: 

          	/s/ Hilary Ann Rapkin  
	 	 	Name: 

          	Hilary Ann Rapkin 

          
	 	 	Title:  

          	Director 

          

     

        

    

      [Signature Page to Fifth Amendment to Credit Agreement (WEX)]

    

    
      
        

    

     

    

    

    Each of the undersigned (i) acknowledges and agrees to the foregoing Fifth Amendment, (ii) reaffirms any Guaranties executed
        by it and reaffirms that such Guaranties do, and shall continue to, guarantee the Obligations; and (iii) reaffirms any prior grant and the validity of any Liens granted by it pursuant to the Collateral Documents, with all such Liens and Guaranties
        continuing in full force and effect after giving effect to the Fifth Amendment.

     

      

     

      

    
      
        	
                 

              	
                DOMESTIC SUBSIDIARY GUARANTORS: 

                

              
	 	 
	 	FLEETONE HOLDINGS, LLC 

              
	
                 

              	
                 

              	
                 

              	 
	
                 

              	
                 

              	
                 

              	 
	
                 

              	
                By: 

                

              	
                /s/ Roberto Simon Rabanal 

              
	
                 

              	
                 

              	
                Name: 

                

              	Roberto Simon Rabanal 

              
	
                 

              	
                 

              	
                Title: 

                

              	Treasurer 

              

      

      

          

          

      	 	TRANSPLATINUM SERVICE, LLC 

            
	 	 	 	 
	 	 	 	 
	 	By: 

            	/s/ Roberto Simon Rabanal 
	 	 	Name:

            	Roberto Simon Rabanal 

            
	 	 	Title: 

            	Treasurer 

            

       

       

          

            

        

      	 	FLEETONE, L.L.C. 

            
	 	 	 	 
	 	 	 	 
	 	By: 

            	/s/ Roberto Simon Rabanal 
	 	 	Name: 

            	Roberto Simon Rabanal 

            
	 	 	Title:  

            	Treasurer 

            

       

          

        

            

        	 	WRIGHT EXPRESS HOLDINGS 2, LLC 

              
	 	 	 	 
	 	 	 	 
	 	By: 

              	/s/ Roberto Simon Rabanal 
	 	 	Name:

              	Roberto Simon Rabanal 

              
	 	 	Title: 

              	Manager 

              

         

         

            

              

          

        	 	WRIGHT EXPRESS HOLDINGS 3, LLC 

              
	 	 	 	 
	 	 	 	 
	 	By: 

              	/s/ Roberto Simon Rabanal 
	 	 	Name: 

              	Roberto Simon Rabanal 

              
	 	 	Title:  

              	Manager 

              

      

      
        

        

        

        [Signature Page to Fifth Amendment to Credit Agreement (WEX)] 

        

      

    

    
      
        

    

     

    

    

    
      
        	 	EB HOLDINGS CORP. 

              
	
                 

              	
                 

              	
                 

              	 
	
                 

              	
                 

              	
                 

              	 
	
                 

              	
                By: 

                

              	
                /s/ Lynda Godkin 

              
	
                 

              	
                 

              	
                Name: 

                

              	Lynda Godkin 

              
	
                 

              	
                 

              	
                Title: 

                

              	Secretary 

              

      

      

          

          

      	 	EB HOLDINGS II CORP. 

            
	 	 	 	 
	 	 	 	 
	 	By: 

            	/s/ Lynda Godkin 
	 	 	Name:

            	Lynda Godkin 

            
	 	 	Title: 

            	Secretary 

            

       

       

          

            

        

      	 	WEX HEALTH, INC. 

            
	 	 	 	 
	 	 	 	 
	 	By: 

            	/s/ Lynda Godkin 
	 	 	Name: 

            	Lynda Godkin 

            
	 	 	Title:  

            	Secretary 

            

       

          

        

            

        	 	ELECTRONIC FUNDS SOURCE LLC 

              
	 	 	 	 
	 	 	 	 
	 	By: 

              	/s/ Roberto Simon Rabanal 
	 	 	Name:

              	Roberto Simon Rabanal 

              
	 	 	Title: 

              	Treasurer 

              

         

         

            

              

          

        	 	EFS PAYMENTS LLC 

              
	 	 	 	 
	 	 	 	 
	 	By: 

              	/s/ Roberto Simon Rabanal 
	 	 	Name: 

              	Roberto Simon Rabanal 

              
	 	 	Title:  

              	Treasurer 

              

      

      
        

        

        

        [Signature Page to Fifth Amendment to Credit Agreement (WEX)] 

        

      

    

    
      
        

    

    

    

      
        
          	 	OTR TOPCO LLC 

                
	
                   

                	
                   

                	
                   

                	 
	
                   

                	
                   

                	
                   

                	 
	
                   

                	
                  By: 

                  

                	
                  /s/ Roberto Simon Rabanal 

                
	
                   

                	
                   

                	
                  Name: 

                  

                	Roberto Simon Rabanal 

                
	
                   

                	
                   

                	
                  Title: 

                  

                	Treasurer 

                

        

        

            

            

        	 	OTR HOLDINGS LLC 

              
	 	 	 	 
	 	 	 	 
	 	By: 

              	/s/ Roberto Simon Rabanal 
	 	 	Name:

              	Roberto Simon Rabanal 

              
	 	 	Title: 

              	Treasurer 

              

         

         

            

              

          

        	 	TRUCKERS B2B, LLC 

              
	 	 	 	 
	 	 	 	 
	 	By: 

              	/s/ Roberto Simon Rabanal 
	 	 	Name: 

              	Roberto Simon Rabanal 

              
	 	 	Title:  

              	Treasurer 

              

         

            

          

              

          	 	OTR BLOCKER LLC 

                
	 	 	 	 
	 	 	 	 
	 	By: 

                	/s/ Roberto Simon Rabanal 
	 	 	Name:

                	Roberto Simon Rabanal 

                
	 	 	Title: 

                	Treasurer 

                

           

           

              

                

            

          	 	TCH CANADA INC. 

                
	 	 	 	 
	 	 	 	 
	 	By: 

                	/s/ Roberto Simon Rabanal 
	 	 	Name: 

                	Roberto Simon Rabanal 

                
	 	 	Title:  

                	Treasurer 

                

        

        
          

          

          

          
            

              

            	 	WRIGHT EXPRESS FUELING SOLUTIONS, INC. 

                  
	 	 	 	 
	 	 	 	 
	 	By: 

                  	/s/ Hilary A. Rapkin 
	 	 	Name: 

                  	Hilary A. Rapkin 

                  
	 	 	Title:  

                  	Secretary 

                  

          

          

          

          

          

          [Signature Page to Fifth Amendment to Credit Agreement (WEX)] 

          

        

      

    

    
      
        

    

     
      
        	 	BANK OF AMERICA, N.A.,

                  as Administrative Agent 

              
	 	 	 	 
	 	 	 	 
	 	By: 

              	/s/ Angela Larkin 
	 	 	Name: 

              	Angela Larkin 

              
	 	 	Title:  

              	Vice President 

              

      

      
        

        

        

        
          

            

          	 	BANK OF AMERICA, N.A.,

                    as a 2019 Incremental Term A-3 Lender 

                
	 	 	 	 
	 	 	 	 
	 	By: 

                	/s/ Robert C. Megan 
	 	 	Name: 

                	Robert C. Megan 

                
	 	 	Title:  

                	Senior Vice President 

                

        

        

        

        

        

        [Signature Page to Fifth Amendment to Credit Agreement (WEX)]

      

    

    
      
        

    

      

      

        
          
            	 	BMO HARRIS FINANCING INC.,

                      as a 2019 Incremental Term A-3 Lender 

                  
	
                     

                  	
                     

                  	
                     

                  	 
	
                     

                  	
                     

                  	
                     

                  	 
	
                     

                  	
                    By: 

                    

                  	
                    /s/ Daniel A. Ryan 

                  
	
                     

                  	
                     

                  	
                    Name: 

                    

                  	Daniel A. Ryan 

                  
	
                     

                  	
                     

                  	
                    Title: 

                    

                  	Vice President 

                  

          

          

              

              

          	 	Citizens Bank, N.A.,

                    as a 2019 Incremental Term A-3 Lender 

                
	 	 	 	 
	 	 	 	 
	 	By: 

                	/s/ Gary Hatfield 
	 	 	Name:

                	Gary Hatfield 

                
	 	 	Title: 

                	Vice President 

                

           

           

              

                

            

          	 	Fifth Third Bank,

                    as a 2019 Incremental Term A-3 Lender 

                
	 	 	 	 
	 	 	 	 
	 	By: 

                	/s/ Lydia Altman 
	 	 	Name: 

                	Lydia Altman 

                
	 	 	Title:  

                	Senior Vice President 

                

           

              

            

                

            	 	OTR BLOCKER LLC 

                  
	 	 	 	 
	 	 	 	 
	 	By: 

                  	/s/ Roberto Simon Rabanal 
	 	 	Name:

                  	Roberto Simon Rabanal 

                  
	 	 	Title: 

                  	Treasurer 

                  

             

             

                

                  

              

            	 	TCH CANADA INC. 

                  
	 	 	 	 
	 	 	 	 
	 	By: 

                  	/s/ Roberto Simon Rabanal 
	 	 	Name: 

                  	Roberto Simon Rabanal 

                  
	 	 	Title:  

                  	Treasurer 

                  

          

          
            

            

            

            
              

                

              	 	JPMorgan Chase Bank, N.A.,

                        as a 2019 Incremental Term A-3 Lender 

                    
	 	 	 	 
	 	 	 	 
	 	By: 

                    	/s/ Bruce S. Borden 
	 	 	Name: 

                    	Bruce S. Borden 

                    
	 	 	Title:  

                    	Executive Director 

                    

            

            

            

            

            

            [Signature Page to Fifth Amendment to Credit Agreement (WEX)]

            
              
                

            

          

        

      

    

     

      

        
          
            	 	KeyBank National Association

                      as a 2019 Incremental Term A-3 Lender 

                  
	
                     

                  	
                     

                  	
                     

                  	 
	
                     

                  	
                     

                  	
                     

                  	 
	
                     

                  	
                    By: 

                    

                  	
                    /s/ Neil C Buitenhuys 

                  
	
                     

                  	
                     

                  	
                    Name: 

                    

                  	Neil C Buitenhuys 

                  
	
                     

                  	
                     

                  	
                    Title: 

                    

                  	Senior Vice President 

                  

          

          

              

              

          	 	MUFG Bank, Ltd.,

                    as a 2019 Incremental Term A-3 Lender 

                
	 	 	 	 
	 	 	 	 
	 	By: 

                	/s/ Yao Wong 
	 	 	Name:

                	Yao Wong 

                
	 	 	Title: 

                	Vice President 

                

           

           

              

                

            

          	 	
                  Regions Bank,

                      as a 2019 Incremental Term A-3 Lender

                
	 	 	 	 
	 	 	 	 
	 	By: 

                	/s/ Bruce Rudolph 
	 	 	Name: 

                	Bruce Rudolph 

                
	 	 	Title:  

                	Director 

                

           

              

            

                

            	 	Santander Bank, N.A.,

                      as a 2019 Incremental Term A-3 Lender 

                  
	 	 	 	 
	 	 	 	 
	 	By: 

                  	/s/ Mitchell B. Feldman 
	 	 	Name:

                  	Mitchell B. Feldman 

                  
	 	 	Title: 

                  	 Senior Vice President 

                  

             

              

              

              [Signature Page to Fifth Amendment to Credit Agreement (WEX)]

              
                
                  

              

            

          

        

      

    

    

     
      
        	 	SunTrust Bank,

                  as a 2019 Incremental Term A-3 Lender 

              
	 	 	 	 
	 	 	 	 
	 	By: 

              	/s/ David Bennett 
	 	 	Name: 

              	David Bennett 

              
	 	 	Title:  

              	Director 

              

      

      
        

        

        

        
          

            

          	 	Wells Fargo Bank, N.A.,

                    as a 2019 Incremental Term A-3 Lender 

                
	 	 	 	 
	 	 	 	 
	 	By: 

                	/s/ Nathan Paouncic 
	 	 	Name: 

                	Nathan Paouncic 

                
	 	 	Title:  

                	Vice President 

                

        

        

        

        

        

        [Signature Page to Fifth Amendment to Credit Agreement (WEX)]

        
          
            

        

      

    

    

    
      

        

      	 	Wells Fargo Bank, N.A.,

                as an Incremental Revolving Lender 

            
	 	 	 	 
	 	 	 	 
	 	By: 

            	/s/ Nathan Paouncic 
	 	 	Name: 

            	Nathan Paouncic 

            
	 	 	Title:  

            	Vice President 

            

    

    

    

    

    

    [Signature Page to Fifth Amendment to Credit Agreement (WEX)]

    
      
        

    

     

    Schedule I

    Tranche A 2019 Incremental Term A-3 Commitments

     

    

    

    	
            Tranche A 2019 Incremental Term A-3 Lender

          	
            Tranche A 2019 Incremental Term A-3 Commitment

          
	
            Bank of America, N.A.

          	
            $38,600,000

          
	
            Citizens Bank, N.A.

          	
            $40,700,000

          
	
            MUFG Bank, Ltd.

          	
            $42,100,000

          
	
            Wells Fargo Bank, N.A.

          	
            $87,500,000

          
	
            SunTrust Bank

          	
            $12,100,000

          
	
            BMO Harris Financing Inc.

          	
            $24,300,000

          
	
            Santander Bank, N.A.

          	
            $9,050,000

          
	
            KeyBank National Association

          	
            $12,500,000

          
	
            JPMorgan Chase Bank, N.A.

          	
            $17,500,000

          
	
            Regions Bank

          	
            $11,000,000

          
	
            Fifth Third Bank

          	
            $4,650,000

          
	
            Total:

          	
            $300,000,000

          

    

    

    

    

    
      
        

    

     

    Schedule II

    Tranche B 2019 Incremental Term A-3 Commitments

     

    

    

    	
            Tranche B 2019 Incremental Term A-3 Lender

          	
            Tranche B 2019 Incremental Term A-3 Commitment

          
	
            Bank of America, N.A.

          	
            $38,600,000

          
	
            Citizens Bank, N.A.

          	
            $40,700,000

          
	
            MUFG Bank, Ltd.

          	
            $42,100,000

          
	
            Wells Fargo Bank, N.A.

          	
            $62,500,000

          
	
            SunTrust Bank

          	
            $12,100,000

          
	
            BMO Harris Financing Inc.

          	
            $24,300,000

          
	
            Santander Bank, N.A.

          	
            $9,050,000

          
	
            KeyBank National Association

          	
            $12,500,000

          
	
            JPMorgan Chase Bank, N.A.

          	
            $17,500,000

          
	
            Regions Bank

          	
            $11,000,000

          
	
            Fifth Third Bank

          	
            $4,650,000

          
	
            Total:

          	
            $275,000,000

          

    

    

     

    
      
        

    

     

          

    Schedule III

    Incremental Revolving Commitments

     

          

     

    	
            Incremental Revolving Lender

          	
            Incremental Revolving Commitment

          
	
            Wells Fargo Bank, N.A.

          	
            $25,000,000

          
	
            Total:

          	
            $25,000,000

          

    

    

     

    
      
        

    

     

      

    EXHIBIT A

        

      

     

      

    Published CUSIP Number:  96208UAG6

     

    CREDIT AGREEMENT1

        

        Dated as of July 1, 2016

        

        among

        

        WEX INC.

        

        and

        

        CERTAIN SUBSIDIARIES,

        as Borrowers,

        

        BANK OF AMERICA, N.A.,

        as Administrative Agent, Swing Line Lender

        and

        L/C Issuer,

        

        and

        

        The Other Lenders Party Hereto

        

        BANK OF AMERICA, N.A.,

        SUNTRUST ROBINSON HUMPHREY, INC.,

    MUFG UNION BANK, N.A.,

    and

        CITIZENS BANK, N.A.,

    as Joint Lead Arrangers and Joint Bookrunners

    

    

    BANK OF MONTREAL,

    as Documentation Agent

    

    

    and

    

    

    BANK OF AMERICA, N.A.,

    MUFG UNION BANK, N.A.,

    SUNTRUST ROBINSON HUMPHREY, INC.,

    and

    CITIZENS BANK, N.A.,

    as Joint Lead Arrangers and Joint Bookrunners with respect to the First Amendment, the Third Amendment and the Fourth Amendment

    

    

    BANK OF MONTREAL,

    as Documentation Agent with respect to the First Amendment, the Third Amendment and the Fourth Amendment

     

      

    
       
        

        
          	
                  1 

                  

                	
                  This marked version is marked against the Credit Agreement,
                        dated as of July 1, 2016, conformed to reflect the First Amendment, dated as of July 3, 2017, the Second Amendment, dated as of October 30, 2017 and2017, the Third Amendment, dated as of January 17, 2018, and shows changes made pursuant to2018 and the Fourth Amendment, dated as of August 24, 2018.2018, and shows changes made pursuant to the Fifth Amendment, dated as of January 18, 2019. 

                  

                

        

        

      

      

      
        
          

      

      

    

    
      and

      

      

      BANK OF AMERICA, N.A.,

      MUFG UNION BANK, N.A.,

      SUNTRUST ROBINSON HUMPHREY, INC.,

      CITIZENS BANK, N.A.,

      and

      WELLS FARGO SECURITIES, LLC,

      as Joint Lead Arrangers and Joint Bookrunners with respect to the Fifth Amendment

      

      

      BANK OF MONTREAL

      and

      SANTANDER BANK, N.A.,

      as Documentation Agent with respect to the Fifth Amendment

            

       

            

      
        

      This is a Syndicated Facility Agreement

       

        

      
        
          

      

      
       

      TABLE OF CONTENTS

       

      Page

       

       

      ARTICLE I

          DEFINITIONS AND ACCOUNTING TERMS

       

        

      	1.01 

            	Defined Terms 

            	 1
	1.02 

            	Other Interpretive Provisions 

            	 5657
	1.03 

            	Accounting Terms 

            	 5657
	1.04 

            	Rounding 

            	 5758
	1.05 

            	Exchange Rates; Currency Equivalents 

            	 5758
	1.06 

            	Additional Alternative Currencies 

            	 5758
	1.07 

            	Change of Currency 

            	 5859
	1.08 

            	Times of Day 

            	 5960
	1.09 

            	Letter of Credit Amounts 

            	 5960
	1.10

            	Limited Condition Transaction 

            	 5960

       

      

      ARTICLE II

          THE COMMITMENTS AND CREDIT EXTENSIONS

       

        

      	2.01 

            	The Loans 

            	5961 

            
	2.02 

            	Borrowings, Conversions and Continuations of Loans 

            	6162 

            
	2.03 

            	Letters of Credit 

            	6364 

            
	2.04 

            	Swing Line Loans 

            	7173 

            
	2.05 

            	Prepayments 

            	7475 

            
	2.06 

            	Termination or Reduction of Commitments 

            	7879 

            
	2.07

            	Repayment of Loans 

            	7980 

            
	2.08 

            	Interest 

            	7981 

            
	2.09 

            	Fees 

            	8082 

            
	2.10 

            	Computation of Interest and Fees; Retroactive Adjustments of
                Applicable Rate 

            	8182 

            
	2.11 

            	Evidence of Debt 

            	8183 

            
	2.12 

            	Payments Generally; Administrative Agent’s Clawback 

            	8283 

            
	2.13 

            	Sharing of Payments by Lenders 

            	8485 

            
	2.14 

            	Designated Borrowers 

            	8486 

            
	2.15 

            	Defaulting Lenders 

            	8687 

            
	2.16 

            	Designated Lenders 

            	8789 

            
	2.17 

            	Incremental Commitments 

            	8789 

            
	2.18 

            	Refinancing Facilities 

            	9092 

            
	2.19 

            	Amend and Extend Transactions 

            	9192 

            

       

      

      ARTICLE III

          TAXES, YIELD PROTECTION AND ILLEGALITY

       

        

      	3.01 

            	Taxes 

            	9394 

            
	3.02 

            	Illegality 

            	9799 

            
	3.03 

            	Inability to Determine Rates 

            	9899 

            
	3.04 

            	Increased Costs; Reserves on Eurocurrency Rate Loans 

            	100101 

            
	3.05 

            	Compensation for Losses 

            	101103 

            
	3.06 

            	Mitigation Obligations; Replacement of Lenders 

            	102103 

            

       

      

      
        -i-

        
          

      

       

      

       Page

       

        

       

        

      	3.07 

            	Survival 

            	103104 

            
	3.08 

            	Obligations Under Article III 

            	103104 

            

      

       

        

      ARTICLE IV

          CONDITIONS PRECEDENT TO CREDIT EXTENSIONS

      
        

        

        	4.01 

              	Conditions of Initial Credit Extension 

              	103104 

              
	4.02 

              	Conditions to All Credit Extensions 

              	106107 

              
	4.03 

              	Conditions to Credit Extension to Specified Designated
                  Borrower 

              	107108 

              

         

      

      

      ARTICLE V

          REPRESENTATIONS AND WARRANTIES

       

        

      	5.01 

            	Existence, Qualification and Power 

            	107108 

            
	5.02 

            	Authorization; No Contravention 

            	107109 

            
	5.03 

            	Governmental Authorization; Other Consents 

            	108109 

            
	5.04 

            	Binding Effect 

            	108109 

            
	5.05 

            	Financial Statements; No Material Adverse Effect 

            	108109 

            
	5.06 

            	Litigation 

            	109110 

            
	5.07 

            	No Default 

            	109110 

            
	5.08 

            	Ownership of Property; Liens 

            	109110 

            
	5.09 

            	Environmental Compliance 

            	109110 

            
	5.10 

            	Insurance 

            	109110 

            
	5.11 

            	Taxes 

            	109111 

            
	5.12 

            	ERISA Compliance 

            	110111 

            
	5.13 

            	Subsidiaries; Equity Interests 

            	111112 

            
	5.14 

            	Margin Regulations; Investment Company Act 

            	111112 

            
	5.15 

            	Disclosure 

            	111112 

            
	5.16 

            	Compliance with Laws 

            	111113 

            
	5.17 

            	Taxpayer Identification Number; Other Identifying Information 

            	111113 

            
	5.18 

            	Intellectual Property; Licenses, Etc. 

            	112113 

            
	5.19 

            	Representations as to Foreign Loan Parties and the Specified
                Designated Borrower 

            	112113 

            
	5.20 

            	Solvency 

            	113114 

            
	5.21 

            	OFAC 

            	113115 

            
	5.22 

            	Anti-Corruption Laws 

            	113115 

            
	5.23 

            	PATRIOT Act 

            	113115 

            
	5.24 

            	Use of Proceeds 

            	113115 

            
	5.25 

            	Collateral Documents	113115 

            
	5.26 

            	EEA Financial Institution 

            	114115 

            

       

      

      ARTICLE VI

          AFFIRMATIVE COVENANTS

       

        

      	6.01 

            	Financial Statements 

            	114115 

            
	6.02 

            	Certificates; Other Information 

            	116117 

            
	6.03 

            	Notices 

            	117119 

            
	6.04 

            	Payment of Obligations 

            	118119 

            
	6.05 

            	Preservation of Existence, Etc. 

            	118119 

            
	6.06 

            	Maintenance of Properties 

            	118119 

            

       

       

      

      
        -ii-

        
          

      

       

      

       Page

      

       

        

       

        

      	6.07 

            	Maintenance of Insurance 

            	118120 

            
	6.08 

            	Compliance with Laws 

            	118120 

            
	6.09 

            	Books and Records 

            	118120 

            
	6.10 

            	Inspection Rights 

            	119120 

            
	6.11 

            	Use of Proceeds 

            	119120 

            
	6.12 

            	Approvals and Authorizations 

            	119121 

            
	6.13 

            	Additional Guarantors and Collateral; Redesignation of
                Immaterial Subsidiaries; Designation of Stock Pledge Subsidiaries 

            	119121 

            
	6.14 

            	Compliance with Regulatory Requirements 

            	123124 

            
	6.15 

            	Further Assurances	123124 

            
	6.16 

            	Post-Closing Covenant 

            	123125 

            

      

       

        

      ARTICLE VII

          NEGATIVE COVENANTS

       

        

      	7.01 

            	Liens 

            	123125 

            
	7.02 

            	Investments 

            	125127 

            
	7.03 

            	Indebtedness 

            	128129 

            
	7.04 

            	Fundamental Changes 

            	130132 

            
	7.05 

            	Dispositions 

            	131133 

            
	7.06 

            	Restricted Payments 

            	132134 

            
	7.07 

            	Change in Nature of Business; Bank Regulated Subsidiaries 

            	133135 

            
	7.08 

            	Transactions with Affiliates 

            	133135 

            
	7.09 

            	Burdensome Agreements 

            	134135 

            
	7.10 

            	Use of Proceeds 

            	134136 

            
	7.11 

            	Financial Covenants 

            	134136 

            
	7.12 

            	Sale and Leasebacks 

            	135137 

            
	7.13 

            	Accounting Changes 

            	135137 

            
	7.14 

            	Tax Receivable Agreement; Prepayments 

            	135137 

            
	7.15 

            	Amendments 

            	135137 

            
	7.16 

            	Permitted Securitization Transactions 

            	135137 

            
	7.17 

            	Changes in Locations, Name, etc. 

            	136138 

            

       

      

          ARTICLE VIII

          EVENTS OF DEFAULT AND REMEDIES

       

        

      	8.01 

            	Events of Default 

            	136138 

            
	8.02 

            	Remedies Upon Event of Default 

            	139141 

            
	8.03 

            	Application of Funds 

            	140142 

            

      

       

        

      ARTICLE IX

          ADMINISTRATIVE AGENT

       

        

      	9.01 

            	Appointment and Authority 

            	141143 

            
	9.02 

            	Rights as a Lender 

            	142143 

            
	9.03 

            	Exculpatory Provisions 

            	142144 

            
	9.04 

            	Reliance by Administrative Agent 

            	143145 

            
	9.05 

            	Delegation of Duties 

            	143145 

            
	9.06 

            	Resignation of Administrative Agent 

            	143145 

            
	9.07 

            	Non-Reliance on Administrative Agent and Other Lenders 

            	144146 

            

       

      

      
        -iii-

        
          

      

       

      

       Page

       

        

       

      

      	9.08 

            	No Other Duties, Etc. 

            	144146 

            
	9.09 

            	Administrative Agent May File Proofs of Claim 

            	144146 

            
	9.10 

            	Collateral and Guaranty Matters 

            	146148 

            
	9.11 

            	Specified Cash Management Agreements and Specified Hedge
                Agreements1 

            	46148 

            

      

       

        

      ARTICLE X

          MISCELLANEOUS

       

        

      	10.01 

            	Amendments, Etc. 

            	147149 

            
	10.02 

            	Notices; Effectiveness; Electronic Communication 

            	149151 

            
	10.03 

            	No Waiver; Cumulative Remedies; Enforcement 

            	151153 

            
	10.04 

            	Expenses; Indemnity; Damage Waiver 

            	151153 

            
	10.05 

            	Payments Set Aside 

            	153155 

            
	10.06 

            	Successors and Assigns 

            	154155 

            
	10.07 

            	Treatment of Certain Information; Confidentiality 

            	159161 

            
	10.08 

            	Right of Setoff 

            	160162 

            
	10.09 

            	Interest Rate Limitation 

            	161162 

            
	10.10 

            	Counterparts; Integration; Effectiveness 

            	161163 

            
	10.11 

            	Survival of Representations and Warranties 

            	161163 

            
	10.12 

            	Severability 

            	161163 

            
	10.13 

            	Replacement of Lenders 

            	162163 

            
	10.14 

            	Governing Law; Jurisdiction; Etc. 

            	163164 

            
	10.15 

            	Waiver of Jury Trial 

            	164165 

            
	10.16 

            	No Advisory or Fiduciary Responsibility 

            	164166 

            
	10.17 

            	Electronic Execution of Assignments and Certain Other
                Documents 

            	164166 

            
	10.18 

            	USA PATRIOT Act 

            	165166 

            
	10.19 

            	Judgment Currency 

            	165167 

            
	10.20 

            	CAM Agreement 

            	165167 

            
	10.21 

            	Certain Representations and Confirmations 

            	165167 

            
	10.22 

            	[Reserved] 

            	166168 

            
	10.23 

            	Parallel Debt 

            	166168 

            
	10.24 

            	Additional Appointment 

            	167169 

            
	10.25 

            	Appointment of Company 

            	167169 

            
	10.26 

            	Acknowledgement and Consent to Bail-In of EEA Financial
                Institutions 

            	168169 

            
	10.27 

            	ERISA 

            	168170 

            

      

      

      

       

      SCHEDULES

       

      
        
          	

                	1.01A	
                  Agreed Credit Support Principles

                

        

      

      
        
          	

                	1.01B	
                  Existing Letters of Credit

                

        

      

      
        
          	

                	2.01	
                  Commitments and Applicable Percentages

                

        

      

      
        
          	

                	4.01(a)(i)	
                  Initial Foreign Subsidiary Guarantors

                

        

      

      
        
          	

                	4.01(a)(iv)	
                  Mortgaged Property

                

        

      

      
        
          	

                	4.01(a)(x)	
                  Local Counsel

                

        

      

      
        
          	

                	5.13	
                  Subsidiaries; Other Equity Investments; Equity Interests in the Company

                

        

      

      
        
          	

                	5.17	
                  Identification Numbers for Designated Borrowers that are Foreign Subsidiaries

                

        

      

      
        
          	

                	6.16	
                  Post-Closing Actions

                

        

      

      
        
          	

                	7.01	
                  Existing Liens

                

        

      

      
        
          	

                	7.02	
                  Existing Investments

                

        

      

      
        
          	

                	7.03	
                  Existing Indebtedness

                

        

      

      
        
          	

                	7.09	
                  Burdensome Agreements

                

        

      

      
        
          	

                	10.02	
                  Administrative Agent’s Office; Certain Addresses for Notices

                

        

      

       

       

        

      
        -iv-

        
          

      

       

        

      EXHIBITS

       

      Form of

       

      
        
          	

                	A	
                  Loan Notice

                

        

      

      
        
          	

                	B	
                  Swing Line Loan Notice

                

        

      

      
        
          	

                	C-1	
                  Term Note

                

        

      

      
        
          	

                	C-2	
                  Revolving Credit Note

                

        

      

      
        
          	

                	D	
                  Compliance Certificate

                

        

      

      
        
          	

                	E	
                  Assignment and Assumption

                

        

      

      
        
          	

                	F	
                  Company Guaranty

                

        

      

      
        
          	

                	G	
                  Domestic Subsidiary Guaranty

                

        

      

      
        
          	

                	H	
                  Foreign Subsidiary Guaranty

                

        

      

      
        
          	

                	I	
                  U.S. Security Agreement

                

        

      

      
        
          	

                	J	
                  Perfection Certificate

                

        

      

      
        
          	

                	K	
                  Designated Borrower Request and Assumption Agreement

                

        

      

      
        
          	

                	L	
                  Designated Borrower Notice

                

        

      

      
        
          	

                	M-1	
                  Form of U.S. Tax Compliance Certificate (Foreign Lenders that are Not Partnerships)

                

        

      

      
        
          	

                	M-2	
                  Form of U.S. Tax Compliance Certificate (Foreign Participants that are Not Partnerships)

                

        

      

      
        
          	

                	M-3	
                  Form of U.S. Tax Compliance Certificate (Foreign Participants that are Partnerships)

                

        

      

      
        
          	

                	M-4	
                  Form of U.S. Tax Compliance Certificate (Foreign Lenders that are Partnerships)

                

        

      

      
        	

              	N	
                Solvency Certificate

              

      

      
        	

              	O	
                Notice of Loan Prepayment

              

      

      

                                  

        

      
        -v-

        
          

      

                                 

      

       

        

      CREDIT AGREEMENT 

      

       

      This CREDIT AGREEMENT (“Agreement”)

          is entered into as of July 1, 2016 among WEX INC., a Delaware corporation (the “Company”), the Designated Borrowers (as defined herein and, together with
          the Company, collectively the “Borrowers” and, each a “Borrower”),

          the Specified Designated Borrower (as defined herein), each lender from time to time party hereto (collectively, the “Lenders” and individually, a “Lender”), BANK OF AMERICA, N.A., as Administrative Agent, Swing Line Lender and L/C Issuer and BANK OF AMERICA, N.A., (“BANA”), SUNTRUST ROBINSON HUMPHREY, INC. (“STRH”), MUFG UNION BANK, N.A. (“MUFG”) and CITIZENS BANK, N.A. (“Citizens”), as joint lead arrangers
          and joint bookrunners (collectively, the “Joint Lead Arrangers”) and BANK OF MONTREAL, as documentation agent (the “Documentation Agent”).

       

      RECITALS:

        

      

      WHEREAS, the Company intends to acquire (the “EFS

              Acquisition”), directly or indirectly, Electronic Funds Source LLC (“EFS”) through the acquisition of membership interests in a blocker
          entity and holding company of EFS pursuant to that certain Unit Purchase Agreement dated October 18, 2015 (as amended, supplemented, or modified in accordance with the terms hereof, the “Acquisition Agreement”).

        

      

      WHEREAS, the Company has requested that concurrently with the consummation of the EFS Acquisition, the Lenders extend
          credit in the form of (i) the Term A-1 Loans (as defined herein) on the Closing Date in an initial aggregate principal amount of $455,000,000, (ii) the Term B-1 Loans (as defined herein) on the Closing Date in an initial aggregate principal
          amount of $1,200,000,000 and (iii) the Revolving Credit Facility (as defined herein) in an initial aggregate principal amount of $570,000,000.

        

      

      WHEREAS, the proceeds of (i) the Term Loans (as defined herein), (ii) amounts drawn under the Revolving Credit Facility on
          the Closing Date, (iii) the Equity Issuance (as defined herein) and (iv) cash on the balance sheet of the Company will be used by the Company to finance the EFS Acquisition and the Refinancing (as defined herein) and to pay fees and expenses
          incurred in connection the foregoing.

        

      

      WHEREAS, the Lenders have indicated their willingness to lend and the L/C Issuer (as defined herein) has indicated its
          willingness to issue letters of credit, in each case, on the terms and subject to the conditions set forth herein.

        

      

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

       

      ARTICLE I

          DEFINITIONS AND ACCOUNTING TERMS

        

      

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

        

      

      “2023 Senior Notes” means the
          Company’s 4.750% Senior Notes due 2023, issued under the Indenture, dated as of January 30, 2013, among the Company, The Bank of New York Mellon Trust Company, N.A., as Trustee, and the Guarantors party thereto.

       

      
        
          

      

      
       

      “Acquired Entity or Business”
          means any Person, property, business or asset acquired by the Company or any Subsidiary, including pursuant to the Transactions or pursuant to a transaction consummated prior to or after the Closing Date, and not subsequently so disposed of.

       

      “Acquisition” means (a) an
          investment (through the acquisition of Equity Interests or otherwise) by the Company or any Subsidiary in any other Person pursuant to which such Person shall become a Subsidiary or shall be merged with or into the Company or any Subsidiary, or
          (b) the acquisition (by purchase, merger, consolidation or otherwise) by the Company or any Subsidiary of the assets of any Person which constitute all or substantially all of the assets of such Person or any division or line of business of such
          Person.

       

      “Acquisition Agreement” has the
          meaning specified in the recitals hereto.

        

      

      “Acquisition Agreement Representations”
          means the representations made by or with respect to EFS and its subsidiaries in the Acquisition Agreement as are material to the interests of the Lenders, but only to the extent that the Company has the right to terminate the Company’s
          obligations under the Acquisition Agreement, or to decline to consummate the EFS Acquisition pursuant to the Acquisition Agreement, as a result of a breach of such representations in the Acquisition Agreement.

        

      

      “Additional Credit Extension Amendment”
          means an amendment to this Agreement (which may, at the option of the Administrative Agent and the Company, be in the form of an amendment and restatement of this Agreement) providing for any (i) Incremental Facilities pursuant to Section 2.17, (ii) Credit Agreement Refinancing Indebtedness pursuant to Section

              2.18 and/or (iii) Extended Revolving Credit Commitments or Extended Term Loans pursuant to Section 2.19, which shall be consistent with the
          applicable provisions of this Agreement and otherwise reasonably satisfactory to the Administrative Agent.  Each Additional Credit Extension Amendment shall be executed by the L/C Issuer and/or the Swing Line Lender (to the extent Section 10.01 would require the consent of the L/C Issuer and/or the Swing Line Lender, respectively, for the amendments effected in such Additional Credit
          Extension Amendment), the Administrative Agent, the Loan Parties and the other parties specified in Section 2.17, 2.18 or 2.19, as applicable, of this Agreement (but not any other Lender not specified in Section 2.17, 2.18 or 2.19, as applicable, of this Agreement), but shall not effect any amendments that would require the consent of each affected Lender or all Lenders pursuant to the first proviso in the first
          paragraph of Section 10.01.  Any Additional Credit Extension Amendment may include conditions for delivery of opinions of counsel and other documentation
          consistent with the conditions in Section 4.01 of this Agreement and certificates confirming satisfaction of conditions consistent with Section 4.02.

        

      

      “Additional Term A-3 Commitment”
          means, with respect to the Additional Term A-3 Lender, its commitment to make a Term A-3 Loan on the Fourth Amendment Effective Date in an amount equal to $2,907,667.68.

        

      

      “Additional Term A-3 Lender”
          means the Person identified as such on the signature page to the Fourth Amendment.

        

      

      “Additional

              Term B-2 Commitment” means, with respect to the Additional Term Lender, its commitment to make a Term B-2 Loan on the First Amendment Effective Date in an amount equal to $78,193,138.71.

       

        

      “Additional Term Lender” means the Person identified as such on the signature page to the First Amendment.

       

      
        -2-

        
          

      

      
       

      “Administrative Agent” means
          Bank of America (or any of its designated branch offices or affiliates) in its capacity as administrative agent under any of the Loan Documents, or any successor administrative agent.

        

      

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

        

      

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

        

      

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

        

      

      “Agreed Credit Support Principles”
          means the principles set forth on Schedule 1.01A.

        

      

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

       

                  “A.L.T.A.” has the meaning specified in Section 6.13(c)(ii).

        

      

      “Alternative Currency” means
          each of Euro, Sterling, Australian Dollars, Canadian Dollars, and each additional currency (other than Dollars) that is approved in accordance with Section 1.06;
          provided that each such additional currency is an Eligible Currency.

        

      

      “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 or the L/C Issuer, as the case may be, at such time on the basis
          of the Spot Rate (determined in respect of the most recent Revaluation Date) for the purchase of such Alternative Currency with Dollars.

        

      

      “Alternative Currency Sublimit”
          means an amount equal to the lesser of the Revolving Credit Facility and $500,000,000.  The Alternative Currency Sublimit is part of, and not in addition to, the Revolving Credit Facility.

        

      

      “Anti-Corruption Laws” means the
          United States Foreign Corrupt Practices Act of 1977, the UK Bribery Act 2010, and other similar anti-corruption legislation in other jurisdictions.

        

      

      “Applicable Percentage” means
          (a) in respect of the Term A-1 Facility, with respect to any Term A-1 Lender at any time, the percentage (carried out to the ninth decimal place) of the Term A-1 Facility represented by (i) on or prior to the Closing Date, such Term A-1 Lender’s
          Term A-1 Commitment at such time and (ii) thereafter, the principal amount of such Term A-1 Lender’s Term A-1 Loans at such time, (b) in respect of the Term A-2 Facility, with respect to any Term A-2 Lender at any time, the percentage (carried
          out to the ninth decimal place) of the Term A-2 Facility represented by (i) on or prior to the First Amendment Effective Date, such Term A-2 Lender’s Term A-2 Commitment at such time and (ii) thereafter, the principal amount of such Term A-2
          Lender’s Term A-2 Loans at such time, (c) in respect of the Term A-3 Facility, with respect to any Term A-3 Lender at any time, the percentage (carried out to the ninth decimal place) of the Term A-3 Facility represented by (i) on or prior to the
          Fourth Amendment Effective Date, such Term A-3 Lender’s Term A-3 Commitment at such time and (ii) thereafter, the principal amount of such Term A-3 Lender’s Term A-3 Loans at such time,  (d) in respect of the Term B-1 Facility, with respect to
          any Term B-1 Lender at any time, the percentage (carried out to the ninth decimal place) of the Term B-1 Facility represented by (i) on or prior to the Closing Date, such Term B-1 Lender’s Term B-1 Commitment at such time and (ii) thereafter, the
          principal amount of such Term B-1 Lender’s Term B-1 Loans at such time, (e) in respect of the Term B-2 Facility, with respect to any Term B-2 Lender at any time, the percentage (carried out to the ninth decimal place) of the Term B-2 Facility
          represented by (i) on or prior to the First Amendment Effective Date, such Term B-2 Lender’s Term B-2 Commitment at such time and (ii) thereafter, the principal amount of such Term B-1 Lender’s Term B-2 Loans at such time, (f) in respect of any
          other Term Facility, with respect to any Term Lender at any time, the percentage (carried out to the ninth decimal place) of such Term Facility represented by the principal amount of such Term Lender’s Term Loans under such Term Facility at such
          time and (g) in respect of the Revolving Credit Facility, with respect to any Revolving Credit Lender at any time, the percentage (carried out to the ninth decimal place) of the Revolving Credit Facility represented by such Revolving Credit
          Lender’s Revolving Credit Commitment at such time, subject to adjustment as provided in Section 2.17.  If the commitment of each Revolving Credit Lender
          to make Revolving Credit Loans and the obligation of the L/C Issuer to make L/C Credit Extensions have been terminated pursuant to Section 8.02, or if the
          Revolving Credit Commitments have expired, then the Applicable Percentage of each Revolving Credit Lender in respect of the Revolving Credit Facility shall be determined based on the Applicable Percentage of such Revolving Credit Lender in
          respect of the Revolving Credit Facility most recently in effect, giving effect to any subsequent assignments.  The initial Applicable Percentage of each Lender in respect of each Facility is set forth opposite the name of such Lender on Schedule 2.01 or in the Assignment and Assumption pursuant to which such Lender becomes a party hereto, as applicable.

       

      
        - 3 -

        
          

      

       

      “Applicable Rate” means, with
          respect to any Base Rate Loan or Eurocurrency Rate Loan, or with respect to Letter of Credit Fees and Commitment Fees payable hereunder:

        

      

      (a)            with respect to the Revolving Credit Facility, (i) from the Fourth Amendment Effective Date to the date on which the Administrative Agent receives a Compliance Certificate
          pursuant to Section 6.02(b) for the fiscal quarter ending September 30, 2018, (x) 1.00% per annum, with respect to Base Rate Loans, (y) 2.00% per annum,
          with respect to Eurocurrency Rate Loans and Letter of Credit Fees and (z) 0.40% per annum, with respect to Commitment Fees, and (ii) thereafter, the following percentages per annum set forth below under the caption “Base Rate Loans,”
          “Eurocurrency Rate Loans (Letters of Credit)” or “Commitment Fee,” as the case may be, based upon the Consolidated Leverage Ratio as set forth in the most recent Compliance Certificate received by the Administrative Agent pursuant to Section 6.02(b):

       

      

      

      	
              Applicable Rate

            
	
              Pricing Level

            	
              Consolidated Leverage Ratio

            	
              Base Rate Loans

            	
              Eurocurrency Rate Loans

                  (Letters of Credit)

            	
              Commitment Fee

            
	
              1

            	
              < 3.00 to 1.00

            	
              0.75%

            	
              1.75%

            	
              0.30%

            
	
              2

            	
              ≥ 3.00 to 1.00 and < 4.00 to 1.00

            	
              1.00%

            	
              2.00%

            	
              0.40%

            
	
              3

            	
              ≥ 4.00 to 1.00

            	
              1.25%

            	
              2.25%

            	
              0.50%

            

      

      

       

      (b)            with respect to the Term A-3 Facility, (i) from the Fourth Amendment Effective Date to the date on which the Administrative Agent receives a Compliance Certificate pursuant to
          Section 6.02(b) for the fiscal quarter ending September 30, 2018, (x) 1.00% per annum, with respect to Base Rate Loans and (y) 2.00% per annum, with
          respect to Eurocurrency Rate Loans, and (ii) thereafter, the following percentages per annum set forth below under the caption “Base Rate Loans,” or “Eurocurrency Rate Loans,” as the case may be, based upon the Consolidated Leverage Ratio as set
          forth in the most recent Compliance Certificate received by the Administrative Agent pursuant to Section 6.02(b):

       

      
        - 4 -

        
          

      

       

      

      

      	
              Applicable Rate

            
	
              Pricing Level

            	
              Consolidated Leverage Ratio

            	
              Base Rate Loans

            	
              Eurocurrency Rate Loans

            
	
              1

            	
              < 3.00 to 1.00

            	
              0.75%

            	
              1.75%

            
	
              2

            	
              ≥ 3.00 to 1.00 and < 4.00 to 1.00

            	
              1.00%

            	
              2.00%

            
	
              3

            	
              ≥ 4.00 to 1.00

            	
              1.25%

            	
              2.25%

            

        

      

       

      

      (c)            with respect to the Term B-2 Facility, (i) prior to the Third Amendment Effective Date, (x) 1.75% per annum, with respect to Base Rate Loans and (y) 2.75% per annum, with
          respect to Eurocurrency Rate Loans and (ii) on or after the Third Amendment Effective Date, (x) 1.25% per annum, with respect to Base Rate Loans and (y) 2.25% per annum, with respect to Eurocurrency Rate Loans;

        

      

      (d)            with respect to any Term Loans or Revolving Credit Commitments established or extended pursuant to Section 2.17, 2.18 or 2.19, as
          specified in the Additional Credit Extension Amendment related thereto.

        

      

      Any increase or decrease in the Applicable Rate resulting from a change in the Consolidated Leverage Ratio shall become
          effective as of the first Business Day immediately following the date a Compliance Certificate is delivered pursuant to Section 6.02(b); provided, however, that if a Compliance Certificate is not
          delivered when due in accordance with such Section, then Pricing Level 3 shall apply in respect of the Revolving Credit Facility and Term A-3 Facility, in each case as of the first Business Day after the date on which such Compliance Certificate
          was required to have been delivered and in each case shall remain in effect until the date on which such Compliance Certificate is delivered.

        

      

      Notwithstanding anything to the contrary contained in this definition, the determination of the Applicable Rate for any
          period shall be subject to the provisions of Section 2.10(b).

        

      

      “Applicable Revolving Credit Percentage”
          means with respect to any Revolving Credit Lender at any time, such Revolving Credit Lender’s Applicable Percentage in respect of the Revolving Credit Facility at such time.

        

      

      “Applicable Time” means, with
          respect to any borrowings 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 L/C Issuer, 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 2.14.

        

      

      “Appropriate Lender” means, at
          any time, (a) with respect to any Facility, a Lender that has a Commitment with respect to such Facility or holds a Loan thereunder at such time, (b) with respect to the Letter of Credit Sublimit, (i) the L/C Issuer and (ii) if any Letters of
          Credit have been issued pursuant to Section 2.03(a), the Revolving Credit Lenders and (c) with respect to the Swing Line Sublimit, (i) the Swing Line
          Lender and (ii) if any Swing Line Loans are outstanding pursuant to Section 2.04(a), the Revolving Credit Lenders.

       

      
        - 5 -

        
          

      

       

      “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.

        

      

      “Assignee Group” means two or
          more Eligible Assignees that are Affiliates of one another or two or more Approved Funds managed by the same investment advisor.

        

      

      “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 10.06(b)),

          and accepted by the Administrative Agent, in substantially the form of Exhibit E or any other form (including electronic documentation generated by Market
          Clear or other electronic platform) approved by the Administrative Agent.

        

      

      “Attributable Indebtedness”
          means, on any date, (a) in respect of any capital lease of any Person, the capitalized amount thereof that would appear on a balance sheet of such Person prepared as of such date in accordance with GAAP, (b) in respect of any Synthetic Lease
          Obligation, the capitalized amount of the remaining lease payments under the relevant lease that would appear on a balance sheet of such Person prepared as of such date in accordance with GAAP if such lease were accounted for as a capital lease
          and (c) in respect of any Securitization Transaction or Permitted Factoring Transaction, the outstanding principal amount of such financing owed to Persons other than the Company and its Subsidiaries and, in the case of any Securitization
          Transaction, other than to Permitted Securitization Entities.

        

      

      “Australian Dollar” means lawful
          money of the Commonwealth of Australia.

        

      

      “Auto-Extension Letter of Credit”
          has the meaning specified in Section 2.03(b)(iii).

        

      

      “Availability Period” means the
          period from and including the Closing Date to the earliest of (a) the Maturity Date in respect of the Revolving Credit Facility, (b) the date of termination of the Revolving Credit Facility pursuant to Section 2.06, and (c) the date of termination of the commitment of each Lender to make Loans and of the obligation of the L/C Issuer to make L/C Credit Extensions pursuant to Section 8.02.

        

      

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

        

      

      “Bail-In Legislation” means,
          with respect to any EEA Member Country implementing Article 55 of Directive 2014/59/EU of the European Parliament and of the Council of the European Union, the implementing law for such EEA Member Country from time to time which is described in
          the EU Bail-In Legislation Schedule.

        

      

      “Bank of America” means Bank of
          America, N.A. and its successors.

        

      

      “Bank Regulated Subsidiary”
          means (i) any Regulated Bank or (ii) any Subsidiary of a Regulated Bank all of the common stock of which is owned by such Regulated Bank.

        

      

      “Bank Regulated Subsidiary Event”
          means (A) any regulatory or enforcement action, agreement, commitment or order, whether formal, informal or otherwise taken by the (i) FDIC or other applicable Federal regulatory authority whether under Sections 8(a), (b), (c), (d) or (w), or
          Sections 38, 38A or 39 of the Federal Deposit Insurance Act (the “FDI Act”) or the FDIC’s regulations, including Parts 325 or 364, or otherwise, (ii) the
          Bureau of Consumer Financial Protection, or (iii) by the Utah Commissioner of Financial Institutions (the “Utah Commissioner”) under Sections 7-1-307,
          7-1-313, 7-1-320, 7-1-322 or 7-2-1 et seq. of the Utah Code, or otherwise, or by any other applicable state regulatory authority if any such action will or is reasonably likely to (a) limit or restrict the offering, renewal, use or sources of
          brokered, internet or bulletin board deposits, or any nondeposit funding of any Material Bank Regulated Subsidiary, (b) limit or restrict the offering or issuance of credit cards or the extension of credit or other transactions thereunder by a
          Material Bank Regulated Subsidiary, (c) require higher minimum capital ratios for any Material Bank Regulated Subsidiary above those required for banks and industrial loan companies generally to remain well capitalized for all regulatory purposes
          or (d) materially affect any Material Bank Regulated Subsidiary’s conduct of its business or (B) any breach or violation of any of any law, rule, order, agreement or commitment to the FDIC, the Utah Commissioner or other applicable regulatory
          authority, including any breach or violation of any of the items described in clause (A) of this paragraph, which has or is reasonably likely to have any of the effects listed in clauses (a) through (d) above; and (C) any such event is continuing
          for three (3) Business Days.

       

      
        - 6 -

        
          

      

       

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

        

      

      “Base Rate Revolving Credit Loan”
          means a Revolving Credit Loan that is a Base Rate Loan.

        

      

      “Base Rate Loan” means a
          Revolving Credit Loan or a Term Loan that bears interest based on the Base Rate.  Base Rate Loans are available only to the Company and to Designated Borrowers that are Domestic Loan Parties, and only for Loans denominated in Dollars.

        

      

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

        

      

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

        

      

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

        

      

      “Borrower” and “Borrowers” each has the meaning specified in the introductory paragraph hereto.

        

      

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

        

      

      “Borrowing” means a Revolving
          Credit Borrowing, a Swing Line Borrowing or a Term Borrowing, as the context may require.

       

      
        - 7 -

        
          

      

       

      “Business Day” means any day
          other than a Saturday, Sunday or other day on which commercial banks are authorized to close under the Laws of, or are in fact closed in, the state where the Administrative Agent’s Office with respect to Obligations denominated in Dollars is
          located and:

        

      

      (a)            if such day relates to any interest rate settings as to a Eurocurrency Rate Loan denominated in Dollars, any fundings, disbursements, settlements and payments in Dollars in
          respect of any such Eurocurrency Rate Loan, or any other dealings in Dollars to be carried out pursuant to this Agreement in respect of any such Eurocurrency Rate Loan, means any such day on which dealings in deposits in Dollars are conducted by
          and between banks in the London interbank eurodollar market;

        

      

      (b)            if such day relates to any interest rate settings as to a Eurocurrency Rate Loan denominated in Euro, any fundings, disbursements, settlements and payments in Euro in respect
          of any such Eurocurrency Rate Loan, or any other dealings in Euro to be carried out pursuant to this Agreement in respect of any such Eurocurrency Rate Loan, means any such day on which dealings in deposits in Euro are conducted by and between
          banks in the London interbank eurodollar market and a TARGET Day;

        

      

      (c)            if such day relates to any interest rate settings as to a Eurocurrency Rate Loan denominated in a currency other than Dollars or Euro, means any such day on which dealings in
          deposits in the relevant currency are conducted by and between banks in the London or other applicable offshore interbank market for such currency; and

        

      

      (d)            if such day relates to any fundings, disbursements, settlements and payments in a currency other than Dollars or Euro in respect of a Eurocurrency Rate Loan denominated in a
          currency other than Dollars or Euro, or any other dealings in any currency other than Dollars or Euro to be carried out pursuant to this Agreement in respect of any such Eurocurrency Rate Loan (other than any interest rate settings), means any
          such day on which banks are open for foreign exchange business in the principal financial center of the country of such currency.

        

      

      “CAM Agreement” means that
          certain Collection Allocation Mechanism Agreement, dated as of the date hereof, by and among the Administrative Agent and each Lender, as amended, restated, amended and restated, supplemented or otherwise modified from time to time, it being
          understood and agreed that no Loan Party shall be a party to such agreement or have any rights or obligations thereunder, nor shall the consent of any Loan Party be required with respect to any aspect thereof.

        

      

      “Canadian Dollar” and “CAD” means lawful money of Canada.

        

      

      “Capital Expenditures” means,
          with respect to any Person for any period, any expenditure in respect of the purchase or other acquisition of any fixed or capital asset (excluding normal replacements and maintenance which are properly charged to current operations).

        

      

      “Capitalized Software Expenditures”
          means, for any period, the aggregate of all expenditures (whether paid in cash or accrued as liabilities) by the Company and its Subsidiaries during such period in respect of purchased software or internally developed software and software
          enhancements that, in conformity with GAAP, are or are required to be reflected as capitalized costs on the consolidated balance sheet of the Company and its Subsidiaries.

        

      

      “Cash Collateralize” has the
          meaning specified in Section 2.03(g)(iv).

       

      
        - 8 -

        
          

      

       

      “Cash Equivalents” means, as to
          any Person, (a) securities issued, or directly, unconditionally and fully guaranteed or insured, by the United States or any agency or instrumentality thereof having maturities of not more than one year from the date of acquisition by such
          Person; (b) time deposits, certificates of deposit and bankers’ acceptances of any Lender or any commercial bank, or which is the principal banking subsidiary of a bank holding company, in each case, organized under the laws of the United States,
          any state thereof or the District of Columbia having, capital and surplus aggregating in excess of $500 million with maturities of not more than one year from the date of acquisition by such Person; (c) repurchase obligations with a term of not
          more than 30 days for underlying securities of the types described in clause (a) above entered into with any bank meeting the qualifications specified in clause (b) above, which repurchase obligations are secured by a valid perfected security
          interest in the underlying securities; (d) commercial paper issued by any Person incorporated in the United States rated at least A-1 or the equivalent thereof by S&P or at least P-1 or the equivalent thereof by Moody’s and in each case
          maturing not more than one year after the date of acquisition by such Person; (e) direct obligations issued by any state of the United States or any political subdivision thereof having one of the two highest rating categories obtainable from
          either S&P or Moody’s with maturities of not more than one year from the date of acquisition thereof; (f) demand deposit accounts maintained in the ordinary course of business; (g) investments in money market funds (i) substantially all of
          whose assets are comprised of securities of the types described in clauses (a) through (f) above, (ii) are rated AAA by S&P and Aaa by Moody’s and (iii) have portfolio assets of at least $500,000,000.

        

      

      “Cash Management Agreement”
          means any agreement to provide cash management services, including treasury, depository, overdraft, credit or debit card, electronic funds transfer and other cash management arrangements.

        

      

      “Cash Management Bank” means any
          Person that, at the time it enters into a Cash Management Agreement (or, with respect to Cash Management Agreements outstanding on the Closing Date, on the Closing Date), is a Lender or an Affiliate of a Lender, in its capacity as a party to such
          Cash Management Agreement, but only for so long as such Person is a Lender or an Affiliate of a Lender.

        

      

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

        

      

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

        

      

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

       

      
        - 9 -

        
          

      

       

      “Change of Control” means an
          event or series of events by which:

       

       (a)            any “person” or “group” (as such terms are used in Sections 13(d) and 14(d) of the Securities Exchange Act of 1934, but excluding any employee benefit plan of such person or
          its subsidiaries, and any person or entity acting in its capacity as trustee, agent or other fiduciary or administrator of any such plan) becomes the “beneficial owner” (as defined in Rules 13d-3 and 13d-5 under the Securities Exchange Act of
          1934, except that a person or group shall be deemed to have “beneficial ownership” of all securities that such person or group has the right to acquire, whether such right is exercisable immediately or only after the passage of time (such right,
          an “option right”)), directly or indirectly, of 30% or more of the equity securities of the Company entitled to vote for members of the board of directors
          or equivalent governing body of the Company on a fully-diluted basis (and taking into account all such securities that such person or group has the right to acquire pursuant to any option right);

        

      

      (b)            during any period of 24 consecutive months, a majority of the members of the board of directors or other equivalent governing body of the Company cease to be composed of
          individuals (i) who were members of that board or equivalent governing body on the first day of such period, (ii) whose election or nomination to that board or equivalent 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 that board or equivalent governing body or (iii) whose election or nomination to that board or other equivalent 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 that board or equivalent governing body (in each case, such approval either by a specific vote or by approval of the Company’s proxy
          statement in which such member was named as a nominee for election as a director); or

        

      

      (c)            any “change of control” or similar event, however characterized, shall occur under any document governing any Indebtedness of the Company or any Subsidiary having a principal
          amount equal to or greater than the Threshold Amount if, as a consequence of such change of control or similar event, the holders of such Indebtedness have the right whether or not exercised, to cause the Company or any Subsidiary to redeem,
          prepay, repurchase or make any other payment in respect of such Indebtedness.

        

      

      “Citizens” has the meaning
          specified in the introductory paragraph hereto.

        

      

      “Class” when used in reference
          to (a) any Loan or Borrowing, refers to whether such Loan, or the Loans comprising such Borrowing, are Term A-1 Loans, Term A-2 Loans, Term A-3 Loans, Term B-1 Loans, Term B-2 Loans, Incremental Term Loans, Refinancing Term Loans, Extended Term
          Loans, Revolving Credit Loans, Incremental Revolving Credit Loans, Refinancing Revolving Credit Loans or Extended Revolving Credit Loans, (b) any Commitment, refers to whether such Commitment is a Term A-1 Commitment, Term A-2 Commitment, Term
          A-3 Commitment, Term B-1 Commitment, Term B-2 Commitment, Incremental Term Loan Commitment, Revolving Credit Commitment, Incremental Revolving Credit Commitment, Refinancing Revolving Credit Commitment or Extended Revolving Credit Commitment, (c)
          any Lender, refers to whether such Lender has a Loan or Commitment with respect to a particular Class of Loans or Commitments.  Incremental Term Loans, Refinancing Term Loans, Extended Term Loans, Incremental Revolving Credit Loans, Refinancing
          Revolving Credit Loans, Extended Revolving Credit Loans, Incremental Term Loan Commitments, Incremental Revolving Credit Commitments, Refinancing Revolving Credit Commitments or Extended Revolving Credit Commitments that have different terms and
          conditions shall be construed to be in different Classes.  For the avoidance of doubt, all Term A-3 Loans shall be considered part of a single Class and all Term B-2 Loans shall be considered part of a single Class.

       

      
        - 10 -

        
          

      

       

      “Closing Date” means July 1,
          2016.

        

      

      “Code” means the Internal
          Revenue Code of 1986.

       

                  “Collateral” means all of the “Collateral” and “Mortgaged Property” or other similar term referred to in the Collateral Documents and all of the other property that is subject to Liens (or with respect to which Liens are purported to be granted
          pursuant to the Collateral Documents) in favor of the Administrative Agent for the benefit of the Secured Parties (subject to all exclusions and limitations therein).

       

                  “Collateral Documents” means, collectively, (i) the U.S. Security Agreement, the U.S. IP Security Agreements, the Foreign Subsidiary Pledge Documents (including the WES Stock Pledge Documents) and each
          supplement thereto, (ii) each of the Mortgages, collateral assignments, supplements, pledge agreements or other similar agreements delivered to the Administrative Agent pursuant to Section 6.13 and Section 6.15 and (iii) each of the other agreements, instruments or documents that
          creates or purports to create a Lien in favor of the Administrative Agent for the benefit of the Secured Parties.

        

      

      “Commitment” means a Term A-1
          Commitment, a Term B-1 Commitment, a Term A-2 Commitment, a Term A-3 Commitment, a Term B-2 Commitment, a Revolving Credit Commitment or any other commitment to extend credit established pursuant to an Additional Credit Extension Amendment, as
          the context may require.

        

      

      “Commitment Fee” shall have the
          meaning assigned to such term in Section 2.09(a).

        

      

      “Commitment Letter” means the
          amended and restated commitment letter, dated December 13, 2015, among the Company, Bank of America, Merrill Lynch, Pierce, Fenner & Smith Incorporated, SunTrust Bank, STRH, MUFG and Citizens.

        

      

      “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.

        

      

      “Company” has the meaning
          specified in the introductory paragraph hereto.

        

      

      “Company Guaranty” means the
          Company Guaranty made by the Company in favor of the Administrative Agent and the Lenders, substantially in the form of Exhibit F.

        

      

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

        

      

      “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 EBITDA” means, for
          any period, Consolidated Net Income after eliminating extraordinary gains and losses, and unusual items, (a) plus, without duplication (and to the extent deducted in calculating such Consolidated Net Income), (i) income tax expense, (ii)
          depreciation and amortization expense, (iii) Consolidated Interest Charges, (iv) other non-cash charges and (v) non-recurring charges or expenses incurred as transaction costs in connection with Permitted Acquisitions, and (b) minus, without
          duplication, any non-recurring cash income or gain to the extent included in the computation of Consolidated Net Income for such period; provided that for
          purposes of determining “Consolidated EBITDA” any unrealized non-cash gains (and losses) arising in connection with any Swap Contracts shall be subtracted (or added) to the extent such unrealized non-cash gains (or losses) were included in the
          computation of Consolidated Net Income; provided that, if any Subsidiary is not a Wholly-Owned Subsidiary, Consolidated EBITDA shall be reduced (to the
          extent not otherwise reduced in accordance with GAAP) by an amount equal to (A) the amount of the Consolidated Net Income attributable to such Subsidiary multiplied by (B) the percentage of common Equity Interests of such Subsidiary not owned on
          the last day of such period by the Company or any of its Wholly-Owned Subsidiaries.

       

      
        - 11 -

        
          

      

       

      In addition to, and without limitation of, the foregoing, for purposes of this definition, “Consolidated EBITDA” shall be
          calculated on each date of determination on a Pro Forma Basis, including to give effect to any Consolidated EBITDA attributable to any Material Acquisition or Material Disposition during the applicable period, as if such Material Acquisition or
          Material Disposition occurred on the first day of the applicable period.  As used in this definition, “Material Acquisition” means any Acquisition that
          involves the payment of consideration by the Company and its Subsidiaries in excess of $10,000,000; and “Material Disposition” means any Disposition of
          property or series of related Dispositions of property that yields gross proceeds to the Company and its Subsidiaries in excess of $10,000,000.

        

      

      For the purposes of determining the Consolidated Interest Coverage Ratio or Consolidated Leverage Ratio for any fiscal
          quarter, Consolidated EBITDA shall be deemed to equal (a) $132.4 million for the fiscal quarter ended June 30, 2015, (b) $135.1 million for the fiscal quarter ended September 30, 2015, (c) $106.4 million for the fiscal quarter ended December 31,
          2015, and (d) $104.8 million for the fiscal quarter ended March 31, 2016 (it being understood that such amounts are subject to adjustments (other than related to the Transactions), as and to the extent otherwise contemplated in this Agreement, in
          connection with any calculation on a Pro Forma Basis).

        

      

      “Consolidated Funded Indebtedness”
          means, as of any date of determination, for the Company and its Subsidiaries on a consolidated basis, but without duplication, the sum of (a) the outstanding principal amount of all obligations, whether current or long-term, for borrowed money
          (including Obligations hereunder in respect of borrowed money) and all obligations evidenced by bonds, debentures, notes, loan agreements or other similar instruments, (b) all purchase money Indebtedness, (c) all direct obligations arising under
          letters of credit (including standby and commercial), bankers’ acceptances, bank guaranties, surety bonds and similar instruments, but only to the extent includable as a liability on the consolidated balance sheet of the Company and its
          Subsidiaries as of such date, (d) all obligations in respect of the deferred purchase price of property or services (other than trade accounts payable in the ordinary course of business), (e) Attributable Indebtedness in respect of capital
          leases, Synthetic Lease Obligations, Securitization Transactions and Permitted Factoring Transactions, (f) all obligations of such Person in respect of Disqualified Stock, (g) without duplication, all Guarantees with respect to outstanding
          Indebtedness of the types specified in clauses (a) through (f) above of Persons other than the Company or any Subsidiary, and (h) all Indebtedness of the types referred to in clauses (a) through (g) above of any partnership or joint venture
          (other than a joint venture that is itself a corporation or limited liability company) in which the Company or a Subsidiary is a general partner or joint venturer, unless such Indebtedness is expressly made non-recourse to the Company or such
          Subsidiary.  For the purposes of this definition, Consolidated Funded Indebtedness shall not include Operating Indebtedness.

        

      

      “Consolidated Interest Charges”
          means, for any period, the sum, for the Company and its consolidated Subsidiaries (determined in accordance with GAAP), of all interest in respect of Consolidated Funded Indebtedness (including, without limitation, the interest component of any
          payments in respect of capital lease obligations, but excluding (a) commissions, discounts, yield and other fees and charges (and any interest expense) incurred in connection with any Permitted Securitization Transaction and (b) any capitalized
          financing costs) accrued during such period (whether or not actually paid during such period).

       

      
        - 12 -

        
          

      

       

      “Consolidated Interest Coverage Ratio”
          means, with respect to any Test Period, the ratio of (a) Consolidated EBITDA for such Test Period to (b) Consolidated Interest Charges for such Test Period; provided
          that for purposes of this definition Consolidated Interest Charges shall not include any Operating Interest Expense.

        

      

      “Consolidated Leverage Ratio”
          means, as of any date of determination, the ratio of (a)(i) Consolidated Funded Indebtedness as of such date, less (ii) the amount (not to exceed
          $350,000,000 in the aggregate) of Consolidated Funded Indebtedness constituting Indebtedness under Permitted Securitization Transactions, and less the amount of Consolidated Funded Indebtedness constituting the non-recourse portion of any
          Permitted Factoring Transactions less (iii)
            with respect to calculating the Consolidated Leverage Ratio for determining the Applicable Rate for Term A-3 Loans and Revolving Credit Loans and for purposes of Section 7.11(b) only, the aggregate amount (up to $125.0 million) of unrestricted cash and Cash Equivalents
            denominated in Dollars or other lawful currencies (provided that such other currencies are readily convertible to, and deliverable in, Dollars and as to which a Dollar Equivalent may be readily calculated) held by the Company and its Subsidiaries (other than the Bank Regulated Subsidiaries) as of such date to (b)

          Consolidated EBITDA for the Test Period most recently ended.

        

      

       “Consolidated Net Income”
          means, for any period, for the Company and its Subsidiaries on a consolidated basis, the net income (loss) of the Company and its Subsidiaries for that period, determined on a consolidated basis in accordance with GAAP.

        

      

      “Consolidated Net Worth” means,
          as of any date of determination, all items which in conformity with GAAP would be included under shareholder’s equity on a consolidated balance sheet of the Company and its Subsidiaries at such date.

        

      

      “Consolidated Secured Leverage Ratio”
          means, as of any date of determination, the ratio of (a)(i) Consolidated Funded Indebtedness that is secured by a Lien on any assets of the Company or any of its Subsidiaries as of such date, less (ii) the amount (not to exceed $350,000,000 in the aggregate) of Consolidated Funded Indebtedness constituting Indebtedness under Permitted Securitization Transactions, and less the amount of
          Consolidated Funded Indebtedness constituting the non-recourse portion of any Permitted Factoring Transactions to (b) Consolidated EBITDA for
          the Test Period most recently ended.

        

      

      “Consolidated Total Assets”
          means, as of any date of determination, the total assets of the Company and its Subsidiaries determined on a consolidated basis in accordance with GAAP.

        

      

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

        

      

      “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.

        

      

      “Converted Term A-1 Loan” means
          each Term A-1 Loan held by a Term A-1 Lender on the First Amendment Effective Date immediately prior to the funding of the corresponding Term A-2 Loan on such date.

        

      

      “Converted Term A-2 Loan” means
          each Term A-2 Loan held by a Converting Consenting Term A-2 Lender on the Fourth Amendment Effective Date immediately prior to the funding of the corresponding Term A-3 Loan on such date.

       

      
        - 13 -

        
          

      

       

      “Converted Term B-1 Loan” means
          each Term B-1 Loan held by a Converting Consenting Term B-1 Lender on the First Amendment Effective Date immediately prior to the funding of the corresponding Term B-2 Loan on such date.

        

      

      “Converting Consenting Term A-2 Lender”
          means a Term A-2 Lender that has elected to be a “Converting Consenting Term A-2 Lender” on its signature page to the Fourth Amendment.

        

      

      “Converting Consenting Term B-1 Lender”
          means a Term B-1 Lender that has elected to be a “Converting Consenting Term B-1 Lender” on its signature page to the First Amendment.

        

      

      “Corresponding Debt” has the
          meaning specified in Section 10.23(b).

        

      

      “Credit Agreement Refinancing Indebtedness”
          means Indebtedness issued, incurred or otherwise obtained (including by means of the extension or renewal of existing Indebtedness) in exchange for, or to extend, renew, replace or refinance, in whole or part, existing Term Loans, or Revolving
          Credit Loans (or unused Revolving Credit Commitments), (“Refinanced Debt”); provided
          that such exchanging, extending, renewing, replacing or refinancing Indebtedness (a) is in an original aggregate principal amount not greater than the aggregate principal amount of the Refinanced Debt (plus any premium, original issue discount,
          accrued interest and fees and expenses incurred in connection with such exchange, extension, renewal, replacement or refinancing), (b) does not mature earlier than or have a Weighted Average Life to Maturity shorter than, the Refinanced Debt, (c)
          shall not be incurred or guaranteed by any entity that is not a Loan Party, (d) in the case of any secured Indebtedness (i) is not secured by any assets not securing the Obligations (other than cash collateral required to be provided due to a
          defaulting lender) and (ii) is subject to a customary intercreditor agreement in form and substance reasonably acceptable to the Administrative Agent and the Company, (e) shall not contain any mandatory redemption or prepayment provisions (other
          than amortization provisions and other than the mandatory prepayment provisions as set forth in Section 2.05 (solely with respect to any Indebtedness
          secured by the Collateral on a pari passu
          basis with the Facilities) or other customary asset sale and change of control offers or events of default) that could result in prepayments of such Indebtedness prior to the Maturity Date of the applicable Refinanced Debt and (f) has terms
          (excluding pricing, interest rate margins, rate floors, discounts, fees, premiums and prepayment or redemption provisions) that are not materially more favorable (when taken as a whole) to the lenders or investors providing such Indebtedness than
          the terms of the Refinanced Debt except for covenants or other provisions applicable only to periods after the Maturity Date or earlier repayment in full of the Term B-2 Loans; provided that such Indebtedness may contain additional or more restrictive financial covenants than the Refinanced Debt so long as such covenants are added for the benefit of the Lenders hereunder.

        

      

      “Credit Extension” means each of
          the following:  (a) a Borrowing and (b) an L/C Credit Extension.

        

      

      “Debtor Relief Laws” means the
          Bankruptcy Code of the United States, and all other liquidation, dissolution, administration, conservatorship, bankruptcy, assignment for the
          benefit of creditors, moratorium, rearrangement, receivership, insolvency, winding up, reorganization (by way of voluntary arrangement, scheme of
            arrangement or otherwise), or similar debtor relief Laws of the United States or other applicable jurisdictions from time to time in effect and affecting the rights of creditors generally.

        

      

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

        

      

      “Deductible Amount” has the
          meaning specified in Section 10.23(d).

       

      
        - 14 -

        
          

      

       

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

        

      

      “Default Rate” means (a) when
          used with respect to Obligations other than Letter of Credit Fees, an interest rate equal to (i) the Base Rate plus (ii) the Applicable Rate, if any,
          applicable to Base Rate Loans plus (iii) 2% per annum; provided,
          however, that with respect to a Eurocurrency Rate Loan, the Default Rate shall be an interest rate equal to the interest rate (including any Applicable
          Rate) otherwise applicable to such Loan plus 2% per annum, and (b) when used with respect to Letter of Credit Fees, a rate equal to the Applicable Rate plus
          2% per annum.

        

      

      “Defaulting Lender” means,
          subject to Section 2.15(b), any Lender that, as determined by the Administrative Agent, (a) has failed to (i) perform any of its funding obligations
          hereunder, including in respect of its Loans or participations in respect of Letters of Credit or Swing Line Loans, within two Business Days of the date required to be funded by it hereunder (unless such obligation is the subject of a good faith
          dispute) or (ii) pay to the Administrative Agent, the L/C Issuer, the Swing Line 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 Swing Line Loans)
          within two Business Days of the date when due, (b) has notified the Borrower, the Administrative Agent or any Lender that it does not intend to comply with its funding obligations or has made a public statement to that effect with respect to its
          funding obligations hereunder or under other agreements in which it commits to extend credit, (c) has failed, within three Business Days after request by the Administrative Agent, to confirm in a manner satisfactory to the Administrative Agent
          that it will comply with its funding obligations (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 Borrower), 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 a receiver, conservator,
          trustee, administrator, assignee for the benefit of creditors or similar Person charged with reorganization or liquidation of its business or a custodian appointed for it, (iii) taken any action in furtherance of, or indicated its consent to,
          approval of or acquiescence in any such proceeding or appointment, or (iv) 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.

        

      

      “Designated Borrower” means (i)
          WEX International Holdings, (ii) certain Subsidiaries of the Company becoming party hereto pursuant to Section 2.14 and, (iii) only upon the satisfaction
          of the conditions set forth in Section 4.03, the Specified Designated Borrower.

        

      

      “Designated Borrower Notice” has
          the meaning specified in Section 2.14(a).

        

      

      “Designated Borrower Request and Assumption
              Agreement” has the meaning specified in Section 2.14(a).

        

      

      “Designated Borrower Requirements”
          has the meaning specified in Section 2.14(a).

        

      

      “Designated Borrower Sublimit”
          means an amount equal to the lesser of the Revolving Credit Facility and $500,000,000.  The Designated Borrower Sublimit is part of, and not in addition to, the Revolving Credit Facility.

        

      

      “Designated Jurisdiction” means
          any country or territory to the extent that such country or territory itself is the subject of any Sanction.

        

      

      “Designated Lender” has the
          meaning set forth in Section 2.16.

       

      
        - 15 -

        
          

      

       

      “Designated Obligations” means
          all Obligations of any Loan Party in respect of principal and interest on the Loans, and L/C Obligations.

        

      

      “Designated Regulatory Cash”
          means cash deposited from time to time into one or more segregated bank accounts of the Company and its Subsidiaries (identified to the Administrative Agent in writing) that is required to be retained in order to comply with applicable banking or
          finance law and regulations.

        

      

      “Disposition” or “Dispose” means the sale, transfer, license, lease or other disposition (including any sale and leaseback transaction) of any property by any Person, including
          any sale, assignment, transfer or other disposal, with or without recourse, of any notes or accounts receivable or any rights and claims associated therewith.

        

      

      “Disqualified Stock” means any
          Equity Interest which, by its terms (or by the terms of any security into which it is convertible or for which it is exchangeable, either mandatorily or at the option of the holder thereof), or upon the happening of any event or condition, (a)
          matures (excluding any maturity as the result of an optional redemption by the issuer thereof) or is mandatorily redeemable (other than solely for Equity Interests in such Person that do not constitute Disqualified Stock and cash in lieu of
          fractional shares of such Equity Interests), pursuant to a sinking fund obligation or otherwise, (b) is convertible into or exchangeable (either mandatorily or at the sole option of the holder thereof) for (i) Indebtedness or debt securities or
          (ii) any Equity Interests referred to in (a) above (other than solely for Equity Interests in such Person that do not constitute Disqualified Stock and cash in lieu of fractional shares of such Equity Interests), or (c) is redeemable (other than
          solely for Equity Interests in such Person that do not constitute Disqualified Stock and cash in lieu of fractional shares of such Equity Interests) or is required to be repurchased by such Person or any of its Affiliates, in whole or in part, at
          the sole option of the holder thereof; in each case, on or prior to the date ninety-one (91) days after the latest Maturity Date hereunder, provided however that any Equity Interests that would not constitute Disqualified Stock but for provisions thereof giving holders thereof (or the holders of any
          security into or for which such Equity Interests is convertible, exchangeable or exercisable) the right to require the issuer thereof to redeem or purchase such Equity Interests upon the occurrence of a change in control or an asset sale or
          similar event shall not constitute Disqualified Stock solely because it may be required to be repurchased by the issuer thereof (or any direct or indirect parent company thereof) or any of its subsidiaries in order to satisfy applicable statutory
          or regulatory obligations of such Person or if such Equity Interests provide that the issuer thereof will not redeem any such Equity Interests pursuant to such provisions prior to the repayment in full of the Obligations.

        

      

      “Disqualifying Event” has the
          meaning specified in the definition of Eligible Currency.

        

      

      “Documentation Agent” has the
          meaning specified in the introductory paragraph hereto. On and after the Tranche A Fifth
              Amendment Effective Date, the Joint Lead Arrangers shall include the Fifth Amendment Documentation Agents.

        

      

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

        

      

      “Dollar Equivalent” means, at
          any time, (a) with respect to any amount denominated in Dollars, such amount, and (b) with respect to any amount denominated in any Alternative Currency, the equivalent amount thereof in Dollars as determined by the Administrative Agent or the
          L/C Issuer, as the case may be, at such time on the basis of the Spot Rate (determined in respect of the most recent Revaluation Date) for the purchase of Dollars with such Alternative Currency.

       

      
        - 16 -

        
          

      

       

      “Domestic Loan Party” means the
          Company and each Domestic Subsidiary that is a Loan Party.

        

      

      “Domestic Subsidiary” means any
          Subsidiary that is organized under the laws of any political subdivision of the United States.

        

      

      “Domestic Subsidiary Guaranty”
          means the Domestic Subsidiary Guaranty made by the Domestic Subsidiary Guarantors in favor of the Administrative Agent and the other parties benefitting thereunder, substantially in the form of Exhibit G.

        

      

      “Domestic Subsidiary Guarantors”
          means each Person (other than the Company) that is from time to time a party (but only for so long as they are a party) to the Domestic Subsidiary Guaranty.

        

      

      “Dutch Auction” means an auction
          with respect to Term Loans conducted pursuant to Section 10.06(i) to allow a Purchasing Borrower Party to prepay Term Loans at a discount to par value on
          a pro rata basis in accordance with the applicable Dutch Auction Procedures.

        

      

      “Dutch Auction Procedures”
          means, with respect to a purchase of Term Loans in a Dutch Auction, Dutch auction procedures as reasonably agreed upon by the applicable Purchasing Borrower Party and the Administrative Agent.

        

      

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

        

      

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

        

      

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

        

      

      “EFS” has the meaning specified
          in the recitals hereto.

        

      

      “EFS Acquisition” has the
          meaning specified in the recitals hereto.

        

      

      “Eligible Assignee” means any
          Person that meets the requirements to be an assignee under Section 10.06 (subject to such consents, if any, as may be required under Section 10.06(b)(iii)).

        

      

      “Eligible Currency” means any
          lawful currency other than Dollars that is readily available, freely transferable and convertible into Dollars in the international interbank market available to the Lenders in such market and as to which a Dollar Equivalent may be readily
          calculated.  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 the national or international financial, political or economic conditions
          are imposed in the country in which such currency is issued, result in, in the reasonable opinion of the Administrative Agent (in the case of any Loans to be denominated in an Alternative Currency) or the L/C Issuer (in the case of any Letter of
          Credit to be denominated in an Alternative Currency), (a) such currency no longer being readily available, freely transferable and convertible into Dollars, (b) a Dollar Equivalent is no longer readily calculable with respect to such currency, or
          (c) providing such currency is impracticable for the Lenders (each of (a), (b) and (c) a “Disqualifying Event”), then the Administrative Agent shall
          promptly notify the Lenders and the Borrower, and such country’s 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 Borrowers shall repay all Loans in such currency to which the Disqualifying Event applies or convert such Loans into the Dollar Equivalent of Loans in Dollars, subject to the other terms contained herein.

       

      
        - 17 -

        
          

      

       

      “EMU” means the economic and
          monetary union in accordance with the Treaty of Rome 1957, as amended by the Single European Act 1986, the Maastricht Treaty of 1992 and the Amsterdam Treaty of 1998.

        

      

      “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.

        

      

      “Environmental Laws” means any
          and all Federal, state, local, and foreign statutes, laws, regulations, ordinances, rules, judgments, orders, decrees, permits, concessions, grants, franchises, licenses, or governmental restrictions, and all agreements issued, promulgated or
          entered into by or with any Governmental Authority, in each case relating to pollution and the protection of the environment or the release of any materials into the environment, including those related to hazardous substances or wastes, air
          emissions and discharges to waste or public systems.

        

      

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

        

      

      “Equity Interests” means, with
          respect to any Person, all of the shares of capital stock of (or other ownership or profit interests in) such Person, all of the warrants, options or other rights for the purchase or acquisition from such Person of shares of capital stock of (or
          other ownership or profit interests in) such Person, and all of the other ownership or profit interests in such Person (including partnership, member or trust interests therein), whether voting or nonvoting.

        

      

      “Equity Issuance” means the
          issuance of equity interests in the Company as part of the consideration for the EFS Acquisition in accordance with the Acquisition Agreement

        

      

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

       

       “ERISA Affiliate” means any
          trade or business (whether or not incorporated) under common control with the Company or any Borrower, as applicable, within the meaning of Section 414(b) or (c) of the Code (and Sections 414(m) and (o) of the Code for purposes of provisions
          relating to Section 412 of the Code).

        

      

      “ERISA Event” means (a) a
          Reportable Event with respect to a Pension Plan; (b) the withdrawal of a Borrower or any ERISA Affiliate from a Pension Plan subject to Section 4063 of ERISA during a plan year in which such entity was a “substantial employer” as defined in
          Section 4001(a)(2) of ERISA or a cessation of operations that is treated as such a withdrawal under Section 4062(e) of ERISA; (c) a complete or partial withdrawal by a Borrower or any ERISA Affiliate from a Multiemployer Plan or notification that
          a Multiemployer Plan is in reorganization; (d) the filing of a notice of intent to terminate, the treatment of a Pension Plan amendment as a termination under Section 4041 or 4041A of ERISA; (e) the institution by the PBGC of proceedings to
          terminate a Pension Plan; (f) any event or condition which constitutes grounds under Section 4042 of ERISA for the termination of, or the appointment of a trustee to administer, any Pension Plan; (g) the determination that any Pension Plan is
          considered an at-risk plan or a plan in endangered or critical status within the meaning of Sections 430, 431 and 432 of the Code or Sections 303, 304 and 305 of ERISA; or (h) the imposition of any liability under Title IV of ERISA, other than
          for PBGC premiums due but not delinquent under Section 4007 of ERISA, upon a Borrower or any ERISA Affiliate.

       

      
        - 18 -

        
          

      

       

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

        

      

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

       

       “Eurocurrency Rate” means:

        

      

      (a)            With respect to any Credit Extension:

       

      (i)                        denominated in a LIBOR Quoted Currency, the rate per annum equal to (A) the London Interbank Offered
          Rate (“LIBOR”), as published on the applicable Bloomberg screen page (or such other commercially available source providing such quotations as may
          be designated by the Administrative Agent from time to time) at approximately 11:00 a.m., London time, two Business Days prior to the commencement of such Interest Period, for deposits in the relevant currency (for delivery on the first day of
          such Interest Period) with a term equivalent to such Interest Period or, (B) if such rate is not available at such time for any reason, a comparable or successor rate approved by the Administrative Agent;

       

      (ii)                        denominated in Canadian dollars, the rate per annum equal to (A) the Canadian Dealer Offered Rate (“CDOR”), as published on the applicable Bloomberg screen page (or such other commercially available source providing such quotations as may be
          designated by the Administrative Agent from time to time) at or about 10:00 a.m. (Toronto, Ontario time) on the Rate Determination Date with a term equivalent to such Interest Period or, (B) if such rate is not available at such time for any
          reason, a comparable or successor rate approved by the Administrative Agent;

       

      (iii)                        denominated in Australian dollars, the rate per annum equal to (A) the average bid rate quoted on
          page “BBSY,” as displayed on Reuters at or about 10:30 a.m. (Sydney, Australia time) on the Rate Determination Date with a term equivalent to such Interest Period or, (B) if such rate is not available at such time for any reason, a comparable or
          successor rate approved by the Administrative Agent; and

        

      

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

       

      
        - 19 -

        
          

      

       

            

      provided that (i) to the extent a comparable or
          successor rate is approved by the Administrative Agent in connection with any rate set forth in this definition, the approved rate shall be applied in a manner consistent with market practice; provided, further, that to the extent such market practice is not administratively feasible for the
          Administrative Agent, such approved rate shall be applied in a manner as otherwise reasonably determined by the Administrative Agent and (ii) if the Eurocurrency Rate shall be less than zero, such rate shall be deemed zero for purposes of this
          Agreement.

        

      

      “Eurocurrency Rate Loan” means a
          Revolving Credit Loan or a Term Loan that bears interest at a rate based on paragraph (a) of the definition of “Eurocurrency Rate.”  Eurocurrency Rate Loans may be denominated in Dollars or in an Alternative Currency.  All Loans denominated in an
          Alternative Currency or made to a Foreign Borrower must be Eurocurrency Rate Loans.

        

      

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

        

      

      “Excess Cash Flow” means, for
          any fiscal year of the Company, the excess, if any, of:

        

      

      (a)            the sum, without duplication, of:

       

      (i)                        Consolidated Net Income for such fiscal year;

       

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

       

      (iii)                        the aggregate net amount of non-cash losses on the Disposition of property by the Company and its
          Subsidiaries during such fiscal year (other than Dispositions in the ordinary course of business), to the extent deducted in arriving at such Consolidated Net Income minus

        

      

      (b)            the sum, without duplication, of:

       

      (i)                        the amount of all non-cash credits included in arriving at such Consolidated Net Income;

       

      (ii)                        the aggregate amount actually paid by the Company and its Subsidiaries in cash during such fiscal
          year on account of Capital Expenditures and permitted Investments (including Permitted Acquisitions), but excluding Investments made pursuant to Sections
              7.02(a), (g) and (u);

       

      (iii)                        (x) the aggregate amount of all principal payments of Indebtedness (including scheduled repayments
          of the Term Loans and the principal component of payments in respect of capital leases) and (y) all mandatory prepayments of Term Loans pursuant to Section
              2.05(b)(i) to the extent required due to a Disposition that resulted in an increase to Consolidated Net Income and not in excess of the amount of such increase, but excluding all other repayments of Term Loans made during such
          period, in each case, other than in respect of any revolving credit facility except to the extent there is an equivalent permanent reduction in commitments thereunder, in each case, of the Company and its Subsidiaries made during such fiscal
          year;

       

      (iv)                        the aggregate net amount of non-cash gain on the Disposition of property by the Company and its
          Subsidiaries during such fiscal year (other than Dispositions in the ordinary course of business);

       

      
        - 20 -

        
          

      

       

        

      (v)                        Restricted Payments (other than those made pursuant to Section 7.06(e)) made by the Company or any of its Subsidiaries in cash to Persons other than the Company and its Subsidiaries;

       

      (vi)                        customary fees, expenses or charges paid in cash related to any permitted Investments (including
          Permitted Acquisitions), the issuance, payment, amendment or refinancing of Indebtedness permitted hereunder, the issuance of Equity Interests permitted hereunder and Dispositions permitted hereunder;

       

      (vii)                        any premium, make-whole or penalty payments paid in cash during such period in connection with the
          prepayment, redemption, purchase, defeasance or other satisfaction prior to scheduled maturity of Indebtedness permitted to be prepaid, redeemed, purchased, defeased or satisfied hereunder;

       

      (viii)                        cash payments by the Company and its consolidated Subsidiaries during such fiscal year in respect of
          long-term liabilities of the Company and its consolidated Subsidiaries other than Indebtedness, to the extent such payments are not expensed during such period and are not deducted in calculating Consolidated Net Income;

       

      (ix)                         at the option of the Company, and without duplication of amounts deducted from Excess Cash Flow in
          prior periods, (1) the aggregate consideration required to be paid in cash by the Company or any of its Subsidiaries pursuant to binding contracts, commitments, letters of intent or purchase orders (the “Contract Consideration”) entered into prior to or during such period relating to Permitted Acquisitions, other Investments (other than Investments pursuant to Sections 7.02(a), (d) and (u))
          or Capital Expenditures (including Capitalized Software Expenditures or other purchases of intellectual property) to be consummated or made during the subsequent fiscal year and (2) to the extent set forth in a certificate of a Responsible
          Officer delivered to the Administrative Agent at or before the time the Compliance Certificate for the period ending simultaneously with such Test Period is required to be delivered, the aggregate amount of cash that is reasonably expected to be
          paid in respect of planned cash expenditures by the Company or any of its Subsidiaries (the “Planned Expenditures”) relating to Capital
          Expenditures (including Capitalized Software Expenditures or other purchases of intellectual property) to be consummated or made during the subsequent fiscal year; provided, that to the extent the aggregate amount of Internally Generated Cash actually utilized to finance such Permitted Acquisitions, Investments or Capital Expenditures during such fiscal year is less
          than the Contract Consideration or Planned Expenditures, as applicable, the amount of such shortfall shall be added to the calculation of Excess Cash Flow at the end of such fiscal year; and

       

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

       

      provided that the amounts referenced in clauses
          (ii), (iii), (v) and (viii) of this paragraph (b) shall only be included in this paragraph (b) and have the effect of reducing Excess Cash Flow to the extent (x) in the case of clauses (ii) and (v), such amounts were funded with Internally
          Generated Cash and (y) in the case of clauses (iii) and (viii), such amounts were not funded with the proceeds of Indebtedness (other than Indebtedness incurred under the Revolving Credit Facility) or Equity Interests.

       

      
        - 21 -

        
          

      

       

       “Excess Cash Flow Percentage”
          means, as of the date of determination, (a) if the Consolidated Leverage Ratio as of the last day of the applicable fiscal year of the Company is greater than or equal to 3.75:1.00, 50%, (b) if the Consolidated Leverage Ratio as of the last day
          of the applicable fiscal year of the Company is less than 3.75:1.00 but greater than or equal to 3.25:1.00, 25% and (c) if the Consolidated Leverage Ratio as of the last day of the applicable fiscal year of the Company is less than 3.25:1.00, 0%.

        

      

      “Excluded Domestic Guaranty Subsidiary”
          means (a) any Bank Regulated Subsidiary and any of their respective Subsidiaries, (b) any Immaterial Subsidiary, (c) each Permitted Securitization Entity and (d) any Domestic Subsidiary to the extent that the execution and delivery of the
          Subsidiary Guaranty would not be legally permissible or would require any governmental or regulatory consent, approval, license or authorization (unless such consent, approval, license or authorization has been obtained), or would otherwise
          result in a burden that would, in the reasonable judgment of the Administrative Agent, exceed the benefit that would be conferred upon the Lenders thereby; provided
          that no Subsidiary may be an Excluded Domestic Guaranty Subsidiary if such Subsidiary Guarantees or is otherwise obligated to pay any Indebtedness incurred or outstanding in reliance on Section 7.03(k) or (o).

        

      

      “Excluded Foreign Guaranty Subsidiary”
          means (a) any Bank Regulated Subsidiary and any of their respective Subsidiaries, (b) any Immaterial Subsidiary, (c) each Permitted Securitization Entity, and (d) any Foreign Subsidiary to the extent, in the case of this subsection (d) only, that
          the execution and delivery of the Subsidiary Guaranty (i) would not be legally permissible or would require any governmental or regulatory consent, approval, license or authorization (unless such consent, approval, license or authorization has
          been obtained), (ii) would result in adverse tax or accounting effects, (iii) should, in the reasonable judgment of the Administrative Agent, not be required by reason of the Agreed Credit Support Principles or (iv) would otherwise result in a
          burden that would, in the reasonable judgment of the Administrative Agent, exceed the benefit that would be conferred upon the Lenders thereby; provided
          that no Subsidiary may be an Excluded Foreign Guaranty Subsidiary if such Subsidiary Guarantees or is otherwise obligated to pay any Indebtedness incurred or outstanding in reliance on Section 7.03(k) or (o).

        

      

      “Excluded Pledge Subsidiary”
          means each Foreign Subsidiary that (a) is not directly owned by a Domestic Loan Party, (b) is an Immaterial Subsidiary, (c) is a Permitted Securitization Entity, (d) is a Bank Regulated Subsidiary or a Subsidiary thereof, or (e) is a Person to
          the extent, in the case of this clause (e) only, that the pledge of up to 65% of each class of the Equity Interests of such Person (i) would not be legally permissible or would require any governmental or regulatory consent, approval, license or
          authorization (unless such consent, approval, license or authorization has been obtained), (ii) would result in adverse tax or accounting effects, (iii) would result in a burden that would, in the reasonable judgment of the Administrative Agent,
          exceed the benefit that would be conferred by the pledge of the Equity Interests of such Person or (iv) should, in the reasonable judgment of the Administrative Agent, not be required by reason of the Agreed Credit Support Principles.

        

      

      “Excluded Swap Obligation”
          means, with respect to any Loan Party, any Swap Obligation if, and to the extent that, all or a portion of the Guaranty of such Loan Party of, or the grant by such Loan Party of a Lien to secure, such Swap Obligation (or any Guarantee thereof) is
          or becomes illegal under the Commodity Exchange Act  or any rule, regulation or order of the Commodity Futures Trading Commission (or the application or official interpretation thereof) by virtue of such Loan Party’s failure for any reason to
          constitute an “eligible contract participant” as defined in the Commodity Exchange Act (determined after giving effect to any “keepwell, support or other agreement” for the benefit of such Loan Party and any and all guarantees of such Loan
          Party’s Swap Obligations by other Loan Parties) at the time the Guaranty of such Loan Party, or grant by such Loan Party of a Lien, becomes effective with respect to such Swap Obligation.  If a Swap Obligation arises under a Master Agreement
          governing more than one Swap Contract, such exclusion shall apply only to the portion of such Swap Obligation that is attributable to Swap Contracts for which such Guaranty or Lien is or becomes excluded in accordance with the first sentence of
          this definition.

       

      
        - 22 -

        
          

      

       

      “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 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 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 (other than pursuant to an assignment request by the Company under Section 10.13) or (ii) such Lender changes its Lending Office, except in each case to the extent that, pursuant to Section
              3.01(a)(ii) 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 Lending Office, (c) Taxes attributable to such Recipient’s failure to comply with Section 3.01(e)
          and (d) any U.S. federal withholding Taxes imposed pursuant to FATCA.  Notwithstanding anything to the contrary contained in this definition, “Excluded Taxes” shall not include any withholding tax (other than Other Connection Taxes) imposed at
          any time on payments made by or on behalf of a Foreign Loan Party to any Lender hereunder or under any other Loan Document, except for any such taxes imposed as a result of a Lender’s failure or inability to comply with Section 3.01(e)(i), (iii) or (iv).  In such a case, any portion of withholding tax
          imposed solely due to a Lender’s failure or inability to comply with Section 3.01(e)(i), (iii) or (iv) shall be treated as an “Excluded Tax.”

        

      

      “Existing Credit Agreement”
          means that certain Second Amended and Restated Credit Agreement, dated as of August 22, 2014 (as amended, supplemented or otherwise modified
          prior to the Closing Date), among the Borrower, certain subsidiaries of the Borrower, as borrowers, Bank of America, N.A., as administrative agent and collateral agent, and the other parties thereto.

        

      

      “Existing Letters of Credit”
          means those certain letters of credit set forth on Schedule 1.01B.

        

      

      “Existing Mustang Credit Agreements”
          means (i) that certain First Lien Credit Agreement, dated as of May 29, 2014, as amended, by and among WP Mustang Holdings LLC, WP Mustang Topco LLC, the several banks and other financial institutions and lenders from time to time party thereto
          and Goldman Sachs Bank USA, in its capacity as first lien administrative agent for such lenders and (ii) that certain Second Lien Credit Agreement, dated as of May 29, 2014, as amended, by and among WP Mustang Holdings LLC, WP Mustang Topco LLC,
          the several banks and other financial institutions and lenders from time to time party thereto and Credit Suisse AG, in its capacity as second lien administrative agent for such lenders.

        

      

      “Extended Revolving Credit Commitment”
          means any Revolving Credit Commitments the maturity of which shall have been extended pursuant to Section 2.19.

        

      

      “Extended Revolving Credit Loans”
          means any Revolving Credit Loans made pursuant to the Extended Revolving Credit Commitments.

        

      

      “Extended Term Loans” means any
          Term Loans the maturity of which shall have been extended pursuant to Section 2.19.

       

      
        - 23 -

        
          

      

       

      “Extension” has the meaning set
          forth in Section 2.19(a).

        

      

      “Extension Offer” has the
          meaning set forth in Section 2.19(a).

        

      

      “Facility” means the Term A-1
          Facility, the Term A-2 Facility, the Term A-3 Facility, the Term B-1 Facility, the Term B-2 Facility, the Revolving Credit Facility or any credit facility created pursuant to an Additional Credit Extension Amendment, as the context may require.

        

      

      “Factorable Receivables” means
          accounts receivable of the Company and its Subsidiaries that (a) are produced in the ordinary course of business and (b) are not contingent upon any further performance by the Borrower or any of its Subsidiaries.

        

      

      “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 administrative
          interpretations thereof, any similar provision of law applicable under an intergovernmental agreement entered into in respect thereof and any agreements entered into pursuant to such intergovernmental agreement or Section 1471(b)(1) of the Code
          as of the date of this Agreement (or any amended or successor version described above), and any intergovernmental agreements implementing the foregoing.

        

      

      “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 (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 Bank of America on such day on such transactions as determined by the Administrative Agent and (c) if the Federal Funds Rate would otherwise be less than 0% per annum, the Federal Funds Rate will be
          deemed to be 0% per annum for purposes of this Agreement.

        

      

      “Federal Reserve” means the Board of Governors of the Federal Reserve System of the United States, together with its constituent banks and agencies.

        

      

      “Fee Letter” means the amended
          and restated fee letter, dated December 13, 2015, among the Company, Bank of America, MLPFS, SunTrust Bank, STRH, MUFG and Citizens, together with each other fee letter entered into with any Person as lead arranger or administrative agent for the
          Facilities or any loans thereunder.

        

      

      “Fifth Amendment” means that certain Fifth Amendment to the Credit Agreement, dated as of January 18, 2019, by and among the Borrowers, the Administrative Agent and the Lenders party thereto.

        

      

      “Fifth Amendment Documentation Agents” means Bank of Montreal and Santander Bank, N.A.

       

       “Fifth Amendment Joint Lead Arrangers” means BANA, STRH, MUFG, Citizens and Wells Fargo Securities, LLC.

       

      
        - 24 -

        
          

      

       

      “Financial Covenant” has the
          meaning specified in Section 8.01(b).

        

      

      “First Amendment” means that
          certain First Amendment to the Credit Agreement, dated as of July 3, 2017, by and among the Borrowers, the Domestic Subsidiary Guarantors, the Administrative Agent and the Lenders party thereto.

       

      “First
              Amendment Consenting Term B-1 Lenders” means, collectively, the Converting Consenting Term B-1 Lenders and the Non-Converting Consenting Term B-1 Lenders.

        

      

      “First Amendment Effective Date”
          has the meaning assigned to such term in the First Amendment.

        

      

      “Flood Insurance Laws” means,
          collectively, (i) National Flood Insurance Reform Act of 1994 (which comprehensively revised the National Flood Insurance Act of 1968 and the Flood Disaster Protection Act of 1973) as now or hereafter in effect or any successor statute thereto,
          (ii) the Flood Insurance Reform Act of 2004 as now or hereafter in effect or any successor statute thereto and (iii) the Biggert-Waters Flood Insurance Reform Act of 2012 as now or hereafter in effect or any successor statute thereto.

        

      

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

       

       “Foreign Lender” means, with
          respect to any Borrower, (a) if such Borrower is a U.S. Person, a Lender that is not a U.S. Person, and (b) if such Borrower is not a U.S. Person, a Lender that is resident or organized under the law of a jurisdiction other than that in which
          such Borrower is resident for tax purposes (including such a Lender when acting in the capacity of the L/C Issuer).  For purposes of this definition, the United States, each State thereof and the District of Columbia shall be deemed to constitute
          a single jurisdiction.

        

      

      “Foreign Loan Party” means each
          Foreign Subsidiary that is a Loan Party.

        

      

      “Foreign Obligation Provider”
          has the meaning set forth in the definition of “Foreign Subsidiary Secured Obligations.”

       

       “Foreign Obligations” means all
          of the Obligations of each Foreign Loan Party, including without limitation the Foreign Subsidiary Secured Obligations.

       

       “Foreign Pension Plan” means a
          registered pension plan which is subject to applicable pension legislation other than ERISA or the Code, which the Company or any Subsidiary sponsors or maintains, or to which it makes or is obligated to make contributions.

        

      

      “Foreign Plan” means each
          Foreign Pension Plan, deferred compensation or other retirement or superannuation plan, fund, program, agreement, commitment or arrangement whether oral or written, funded or unfunded, sponsored, established, maintained or contributed to, or
          required to be contributed to, or with respect to which any liability is borne, outside the United States of America, by the Company or any of its Subsidiaries, other than any such plan, fund, program, agreement or arrangement sponsored by a
          Governmental Authority.

        

      

      “Foreign Prepayment Event” has
          the meaning specified in Section 2.05(b)(vi).

       

      
        - 25 -

        
          

      

       

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

        

      

      “Foreign Subsidiary Guarantors”
          means each Person that is from time to time a party (but only for so long as they are a party) to a Foreign Subsidiary Guaranty.  For the avoidance of doubt, Foreign Subsidiary Guarantors shall not guarantee any Obligations of the Company or any
          Domestic Subsidiary.

        

      

      “Foreign Subsidiary Guaranty”
          means a guarantee of the Foreign Obligations made by a Foreign Subsidiary in favor of the Administrative Agent and the other parties benefitting thereunder, substantially in the form of Exhibit H, or otherwise reasonably acceptable to the Administrative Agent.  Any such guarantee may be a Reduced Guaranty, and any such guarantee made by WES or any of its direct or indirect Subsidiaries may,
          at the election of the Company, be a Limited Guaranty.

        

      

      “Foreign Subsidiary Pledge Documents”
          means the U.S. Security Agreement, the WES Stock Pledge Documents and all other documents, instruments and agreements executed by or on behalf of any Loan Party to effect a pledge of Equity Interests in any Foreign Subsidiary to the
          Administrative Agent.

        

      

      “Foreign Subsidiary Secured Obligations”
          means all unpaid principal of, accrued and unpaid interest and fees and reimbursement obligations, and all expenses, reimbursements, indemnities and other obligations under or with respect to, any loans, letters of credit, acceptances,
          guarantees, overdraft facilities, other credit extensions or
          accommodations or similar obligations owing by any Foreign Subsidiary pursuant to the Loan Documents to any Lender or any office, branch or Affiliate of any Lender (each a “Foreign Obligation Provider”) and including interest and fees that accrue after the commencement by or against any Foreign Subsidiary of any proceeding under any Debtor Relief Laws naming such Person as the debtor in such
          proceeding, regardless of whether such interest and fees are allowed claims in such proceeding.

        

      

      “Fourth Amendment” means that
          certain Fourth Amendment to the Credit Agreement, dated as of August 24, 2018, by and among the Borrowers, the Administrative Agent and the Lenders party thereto.

        

      

      “Fourth Amendment Consenting Term A-2
              Lenders” means, collectively, the Converting Consenting Term A-2 Lenders and the Non-Converting Consenting Term A-2 Lenders.

       

       “Fourth Amendment Effective Date”
          has the meaning assigned to such term in the Fourth Amendment.

        

      

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

        

      

      “Fronting Exposure” means, at
          any time there is a Defaulting Lender that is a Revolving Credit Lender, (a) with respect to the L/C Issuer, such Defaulting Lender’s Applicable Percentage of the outstanding L/C Obligations other than 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 Swing Line Lender, such Defaulting Lender’s Applicable Percentage of Swing Line Loans
          other than Swing Line 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.

        

      

      
        - 26 -

        
          

      

      “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 activities.

        

      

      “GAAP” means generally accepted
          accounting principles in the United States set forth in the Accounting Standards Codification issued by Financial Accounting Standards Board, consistently applied and as in effect from time to time.

        

      

      “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).

        

      

      “Guarantee” means, as to any
          Person, (a) any obligation, contingent or otherwise, of such Person guaranteeing or having the economic effect of guaranteeing any Indebtedness or other obligation payable or performable by another Person (the “primary obligor”) in any manner, whether directly or indirectly, and including any obligation of such Person, direct or indirect, (i) to purchase or pay (or advance or supply funds
          for the purchase or payment of) such Indebtedness or other obligation, (ii) to purchase or lease property, securities or services for the purpose of assuring the obligee in respect of such Indebtedness or other obligation of the payment or
          performance of such Indebtedness or other obligation, (iii) to maintain working capital, equity capital or any other financial statement condition or liquidity or level of income or cash flow of the primary obligor so as to enable the primary
          obligor to pay such Indebtedness or other obligation, or (iv) entered into for the purpose of assuring in any other manner the obligee in respect of such Indebtedness or other obligation of the payment or performance thereof or to protect such
          obligee against loss in respect thereof (in whole or in part), or (b) any Lien on any assets of such Person securing any Indebtedness or other obligation of any other Person, whether or not such Indebtedness or other obligation is assumed by such
          Person (or any right, contingent or otherwise, of any holder of such Indebtedness to obtain any such Lien); provided that the term Guarantee shall not
          include endorsements for collection or deposit in the ordinary course of business or customary and reasonable indemnity obligations in effect on the Closing Date.  The amount of any Guarantee shall be deemed to be an amount equal to the stated or
          determinable amount of the related primary obligation, or portion thereof, in respect of which such Guarantee is made or, if not stated or determinable, the maximum reasonably anticipated liability in respect thereof as determined by the
          guaranteeing Person in good faith.  The term “Guarantee” as a verb has a corresponding meaning.

        

      

      “Guaranties” means the Company
          Guaranty, the Domestic Subsidiary Guaranty and each Foreign Subsidiary Guaranty.

        

      

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

        

      

      “Hedge Bank” means any Person
          that, at the time it enters into a Swap Contract permitted hereunder (or, with respect to Swap Contracts outstanding on the Closing Date, on the Closing Date) is a Lender or an Affiliate of a Lender, in its capacity as a party to such Swap
          Contract.

        

      

      “Historical Financial Statements”
          means (a) the audited consolidated balance sheets and related consolidated statements of operations, cash flows and shareholders’ equity of (x) the Company for the three most recently completed fiscal years ended at least 60 days before the
          Closing Date and (y) WP Mustang Holdings LLC for the fiscal year ending December 31, 2014 and each subsequent fiscal year ended at least 125 days before the Closing Date, in each case, accompanied by an unqualified report thereon by their
          respective independent registered public accountants and (b) the unaudited consolidated balance sheets and related statements of operations and cash flows of each of the Company and WP Mustang Holdings LLC for each fiscal quarter (other than the
          last fiscal quarter of a fiscal year) of the Company and WP Mustang Holdings LLC ended after December 31, 2014 and at least 60 days (or 40 days in the case of the Company) before the Closing Date, all of which financial statements shall be
          prepared in accordance with GAAP, subject in the case of the unaudited financial statements to year-end audit adjustments and the absence of footnotes.

       

      
        - 27 -

        
          

      

       

      “Honor Date” has the meaning
          specified in Section 2.03(c)(i).

        

      

      “Immaterial Subsidiary” means
          any Subsidiary designated as such by the Company by notice to the Administrative Agent; provided (i) that all Immaterial Subsidiaries may not, as of the
          end of each fiscal quarter of the Company and calculated at the time of each quarterly Compliance Certificate, together with their respective subsidiaries, account for more than 10% of the Consolidated Total Assets, 10% of the Consolidated Net
          Worth or 10% of the consolidated revenues of the Company for the period of four consecutive fiscal quarters immediately preceding such date and (ii) that any Subsidiary that, together with its respective Subsidiaries, accounts for more than 5% of
          the Consolidated Total Assets, Consolidated Net Worth or consolidated revenues of the Company for such period shall not be deemed to be an Immaterial Subsidiary for the purposes of Section 8.01.

        

      

      “Incremental Amount” means, at
          any time, the sum of the aggregate principal amount of (a) Incremental Facilities incurred at or prior to such time and (b) Incremental Equivalent Debt incurred at or prior to such time.

        

      

      “Incremental Cap” means, after
          giving effect to the effectiveness of any proposed Incremental Facility (including any unused amount thereof, in the case of any proposed Incremental Revolving Credit Facility or Incremental Revolving Increase), after the ThirdFourth Amendment Effective Date,  an amount not to exceed (I) the greater
              of (x) $375,000,000 and (y) 50% of Consolidated EBITDA for the Test Period most
              recently then ended plus (II) the aggregate amount of all voluntary prepayments and repurchases of Term Loans (other than voluntary
          prepayments and repurchases of Incremental Term Loans incurred pursuant to clause (III) below) and voluntary reductions of commitments under the Revolving Credit Facility, in each case made prior to the date of any such incurrence (other than
          prepayments, repurchases and commitment reductions made with the proceeds of Indebtedness under this Agreement or any other long-term Indebtedness),  plus (III)

          the maximum aggregate principal amount (if any) of the Incremental Facilities that could be established or incurred without causing the Consolidated Secured Leverage Ratio as of the last day of the most recently ended Test Period, on a Pro Forma
          Basis after giving effect to the incurrence of such additional amount, any acquisition or Investment consummated in connection therewith and all other appropriate pro forma adjustments (but without netting any cash proceeds from such incurrence),
          to exceed 4.00:1.00 (treating any proposed Incremental Revolving Credit Facility or proposed Incremental Revolving Increase as fully drawn), minus (IV) the
          aggregate principal amount of all Incremental Facilities and Incremental Equivalent Debt theretofore incurred in reliance on clauses (I) (only to the extent incurred after the ThirdFourth Amendment Effective
          Date)and (II) above; provided that (1) Incremental
          Facilities may be incurred under one or more of clauses (I), (II) and/or (III) above as selected by the Borrower in its sole discretion, and (2) if any Incremental Facilities are to be incurred under both clauses (I) or (II) and (III) above in
          connection with a single transaction or series of related but substantially concurrent transactions, then the maximum amount available of Incremental Facilities (or portion of Incremental Facilities) to be incurred under clause (III) shall first
          be determined by calculating the incurrence under such clause (III) without giving effect to any Incremental Facilities (or portion of any Incremental Facilities) incurred (or to be incurred) under clause (I) and/or clause (II), and after such
          maximum amount under clause (III) has been determined, the amount of Incremental Facilities (or portion of Incremental Facilities) incurred (or to be incurred) under clause (I) and/or clause (II) shall be determined.

       

      
        - 28 -

        
          

      

       

      “Incremental Effective Date” has
          the meaning assigned to such term in Section 2.17(a).

        

      

      “Incremental Equivalent Debt”
          means Indebtedness incurred by one or more of the Loan Parties in the form of one or more series of senior secured first lien notes (but not term loans), junior lien term loans or notes, subordinated term loans or notes or senior unsecured term
          loans or notes, or any bridge facility; provided that (i) the maturity date of such Incremental Equivalent Debt will be no earlier than the Maturity Date
          of the Term B-2 Facility, (ii) the Weighted Average Life to Maturity of such Incremental Equivalent Debt may not be shorter than the remaining Weighted Average Life to Maturity of the Term B-2 Facility, (iii) none of the obligors or guarantors
          with respect to such Indebtedness shall be a Person that is not a Loan Party, (iv) the terms (excluding any pricing, rate floors, discounts, fees, premiums and optional prepayment or redemption terms) of such Indebtedness, taken as a whole, shall
          not be materially less favorable (taken as a whole) to the Loan Parties than those applicable to the Term B-2 Loans, except for covenants or other provisions applicable only to periods after the Maturity Date or earlier repayment in full of the
          Term B-2 Loans; provided that such Indebtedness may contain additional or more restrictive financial covenants than those applicable to the Term B-2 Loans
          so long as such covenants are added for the benefit of the Lenders hereunder and (v) such Indebtedness shall be either (A) solely in the case of debt securities, secured by the Collateral on a pari passu basis with the Obligations and shall not be secured by any property or assets of the Loan Parties or any Subsidiary other than Collateral, and a representative acting on behalf of
          the holders of such Indebtedness shall have become party to a customary intercreditor agreement reasonably satisfactory to the Company and the Administrative Agent reflecting the pari passu status of the Liens securing such Indebtedness or (B) secured by the Collateral on a junior basis with the Obligations and shall not be secured by any property or assets of the Loan Parties
          or any Subsidiary other than Collateral, and a representative acting on behalf of the holders of such Indebtedness shall have become party to or otherwise subject to the provisions of a customary intercreditor agreement reasonably satisfactory to
          the Company and the Administrative Agent reflecting the second (or more junior) lien status of the Liens securing such Indebtedness.

        

      

      “Incremental Facilities” has the
          meaning specified in Section 2.17(a).

        

      

      “Incremental Revolving Credit Commitment”
          means any revolving credit commitment under an Incremental Revolving Credit Facility.

        

      

      “Incremental Revolving Credit Facility”
          has the meaning assigned to such term in Section 2.17(a).

        

      

      “Incremental Revolving Credit Loans”
          means any revolving loans made under an Incremental Revolving Credit Facility.

        

      

      “Incremental Revolving Increase”
          has the meaning assigned to such term in Section 2.17(a).

        

      

      “Incremental Term A Facility”
          means an Incremental Term Facility in the form of a term loan A facility designated by the Company in writing to the Administrative Agent as an Incremental Term A Facility.

        

      

      “Incremental Term A-3 Commitment”
          has the meaning assigned to such term in the Fourth Amendment.

       

      
        - 29 -

        
          

      

       

      “Incremental Term A-3 Lender”
          has the meaning assigned to such term in the Fourth Amendment.

        

      

      “Incremental Term A-3 Loans” has
          the meaning assigned to such term in the Fourth Amendment.

        

      

      “Incremental Term B Facility”
          means an Incremental Term Facility other than an Incremental Term A Facility.

        

      

      “Incremental Term B-2 Commitment”
          has the meaning assigned to such term in the Third Amendment.

        

      

      “Incremental Term B-2 Lender”
          has the meaning assigned to such term in the Third Amendment.

       

       “Incremental Term B-2 Loans”
          has the meaning assigned to such term in the Third Amendment.

        

      

      “Incremental Term Facility” has
          the meaning assigned to such term in Section 2.17(a).

       

       “Incremental Term Increase” has
          the meaning assigned to such term in Section 2.17(a).

        

      

      “Incremental Term Loan Commitment”
          means any term loan commitment under an Incremental Term Facility.

        

      

      “Incremental Term Loans” means
          any term loans made under an Incremental Term Facility.

        

      

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

        

      

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

        

      

      (b)            all direct or contingent obligations of such Person arising under letters of credit, bankers’ acceptances, bank guaranties, surety bonds and similar instruments;

        

      

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

        

      

      (d)            all obligations of such Person to pay the deferred purchase price of property or services (other than trade accounts payable in the ordinary course of business and, in each
          case, maturing within 365 days after the incurrence thereof which are not overdue for a period of more than 180 days and, if overdue for more than 180 days, as to which a dispute exists and adequate reserves in accordance with GAAP have been
          established on the books of such Person);

        

      

      (e)            indebtedness (excluding prepaid interest thereon) secured by a Lien on property owned or being purchased by such Person (including indebtedness arising under conditional sales
          or other title retention agreements), whether or not such indebtedness shall have been assumed by such Person;

       

      
        - 30 -

        
          

      

       

      (f)            capital leases, Synthetic Lease Obligations and Securitization Transactions, and liabilities in respect of Permitted Factoring Transactions;

        

      

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

        

      

      (h)            all Guarantees of such Person in respect of any of the foregoing;

       

      provided that the term “Indebtedness” shall not
          include, for the avoidance of doubt, any Equity Interests (other than Disqualified Stock) issued by Company; provided further that the term “Indebtedness” shall not include any
              obligations under the 2023 Senior Notes to the extent of any funds that are irrevocably deposited with the trustee in connection with the redemption, tender, defeasance or other early payment of the 2023 Senior Notes.

       

      For all purposes hereof, the Indebtedness of any Person shall include the Indebtedness of any of any other entity
          (including any partnership in which such Person is a general partner) to the extent such Person is liable therefor as a result of such Person’s ownership interest in or other relationship with such entity, unless such Indebtedness is expressly
          made non-recourse to such Person.  The amount of any net obligation under any Swap Contract on any date shall be deemed to be the Swap Termination Value thereof as of such date.  The amount of any capital lease, Synthetic Lease Obligation or
          Securitization Transaction as of any date shall be deemed to be the amount of Attributable Indebtedness in respect thereof as of such date.  The amount of Indebtedness of any Person for purposes of clause (e) above shall (unless such Indebtedness
          has been assumed by such Person) be deemed to be equal to the lesser of (A) the aggregate unpaid amount of such Indebtedness and (B) the fair market value of the property encumbered thereby as determined by such Person in good faith.

        

      

      “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 clause (a), Other Taxes.

        

      

      “Indemnitees” has the meaning
          specified in Section 10.04(b).

        

      

      “Information” has the meaning
          specified in Section 10.07.

        

      

      “Interest Payment Date” means,
          (a) as to any Loan other than a Base Rate Loan, the last day of each Interest Period applicable to such Loan and the Maturity Date; provided, however, that if any Interest Period for a Eurocurrency Rate Loan exceeds three months, the respective dates that fall every three months after the beginning
          of such Interest Period shall also be Interest Payment Dates; (b) as to any Base Rate Loan or Swing Line Loan, the last Business Day of each March, June, September and December and the Maturity Date of the Facility under which such Loan was made
          (with Swing Line Loans being deemed made under the Revolving Credit Facility for purposes of this definition); (c) with respect to the Term A-1 Loans and the Term B-1 Loans, the First Amendment Effective Date; and (d) with respect to the Revolving Credit Loans and the Term A-2 Loans, the Fourth Amendment Effective Date.

        

      

      “Interest Period” means, as to
          each Eurocurrency Rate Loan, the period commencing on the date such Eurocurrency Rate Loan is disbursed or converted to or continued as a Eurocurrency Rate Loan and ending on (i) with respect to each Eurocurrency Rate Loan under the Revolving
          Credit Facility, the date one week or one, two, three or six months thereafter and (ii) with respect to each Eurocurrency Rate Loan under the Term Facilities, the date one, two, three or six months thereafter, in each case, as selected by the
          Company in its Loan Notice or such other period that is twelve months or less requested by a Borrower and consented to by all the Lenders under the applicable Facility, subject to availability; provided that:

       

      
        - 31 -

        
          

      

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

       

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

       

      (iii)                        no Interest Period shall extend beyond the Maturity Date;

       

      (iv)                        all Term A-2 Loans made pursuant to Section 2.01(b), including those converted from Converted Term A-1 Loans, shall have the same initial Interest Period as in effect for the Converted Term A-1 Loans on the First Amendment Effective Date;

       

      (v)                        all Term B-2 Loans made pursuant to Section 2.01(e), including those converted from Converted Term B-1 Loans, shall have the same initial Interest Period as in effect for the Converted Term B-1 Loans on the First Amendment Effective Date;

       

      (vi)                        all Incremental Term B-2 Loans shall have the initial Interest Period(s) set
          forth in Section 3(b) of the Third Amendment;

       

      (vii)                        all Term A-3 Loans made pursuant to Section 2.01(c), including those converted from Converted Term A-2 Loans, shall have the same initial Interest Period as in effect for the Converted Term A-2 Loans on the Fourth Amendment Effective Date;  and

       

      (viii)                        all Incremental Term A-3 Loans shall have the initial Interest Period(s) set forth in Section 3(b) of the Fourth Amendment; and

       

      (ix)                        all Tranche A 2019 Incremental Term A-3 Loans shall have the initial Interest
              Period(s) set forth in Section 3(b) of the Fifth Amendment.

        

      

      “Internally Generated Cash”
          means, with respect to any period, any cash of the Company or any Subsidiary generated during such period, excluding net cash proceeds from an incurrence of Indebtedness (other than Indebtedness incurred under the Revolving Credit Facility), an
          issuance of Equity Interests or a capital contribution, in each case, except to the extent such proceeds are included as income in calculating Consolidated Net Income for such period.

       

       “Investment”
          means, as to any Person, any direct or indirect acquisition or investment by such Person, whether by means of (a) the purchase or other acquisition of Equity Interests or Indebtedness or other securities of another Person, (b) a loan, advance or
          capital contribution to, Guarantee or assumption of Indebtedness of, or purchase or other acquisition of any other debt or equity participation or interest in, another Person, including any partnership or joint venture interest in such other
          Person, or (c) the purchase or other acquisition (in one transaction or a series of transactions) of all or substantially all of the property and assets or business of another Person or assets of another Person that constitute a business unit,
          line of business or division of such Person.  The amount, as of any date of determination, of (a) any Investment in the form of a loan or an advance shall be the principal amount thereof outstanding on such date, but without any adjustment for
          write-downs or write-offs (including as a result of forgiveness of any portion thereof) with respect to such loan or advance after the date thereof, (b) any Investment in the form of a Guarantee shall be equal to the stated or determinable amount
          of the related primary obligation, or portion thereof, in respect of which such Guarantee is made or, if not stated or determinable, the maximum reasonably anticipated liability in respect thereof, as determined in good faith by a Responsible
          Officer, (c) any Investment in the form of a transfer of Equity Interests or other non-cash property by the investor to the investee, including any such transfer in the form of a capital contribution, shall be the fair market value (as determined
          in good faith by a Responsible Officer) of such Equity Interests or other property as of the time of the transfer, minus any payments actually
          received by such investor representing a return of capital of, or in the case of Investments in the form of a transfer of Equity Interests, dividends or other distributions on account of (to the extent such payments do not exceed, in the
          aggregate, the original amount of such Investment), but without any other adjustment for increases or decreases in value of, or write-ups, write-downs or write-offs with respect to,  such Investment after the date of such Investment, and (d) any
          Investment (other than any Investment referred to in clause (a), (b) or (c) above) by the specified Person shall be the original cost of such Investment (including any Indebtedness assumed in connection therewith), plus (i) the cost of all additions thereto and minus (ii) the amount of
          any portion of such Investment that has been repaid to the investor in cash as a repayment of principal or a return of capital, and of any cash payments actually received by such investor representing dividends or other distributions on account
          of (to the extent such payments do not exceed, in the aggregate, the original amount of such Investment), but without any other adjustment for increases or decreases in value of, or write-ups, write-downs or write-offs with respect to, such
          Investment after the date of such Investment.  For purposes of covenant compliance, if an Investment involves the acquisition of
          more than one Person, the amount of such Investment shall be allocated among the acquired Persons in accordance with GAAP; provided that pending
          the final determination of the amounts to be so allocated in accordance with GAAP, such allocation shall be as reasonably determined by a Responsible Officer.

      

      

      
        - 32 -

        
          

      

       

      “IP Rights” has the meaning
          specified in Section 5.18.

        

      

      “IRS” means the United States
          Internal Revenue Service.

        

      

      “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).

       

       “Issuer Documents” means with
          respect to any Letter of Credit, the Letter of Credit Application, and any other document, agreement and instrument entered into by the L/C Issuer and the Company (or any Subsidiary) or in favor of the L/C Issuer and relating to such Letter of
          Credit.

        

      

      “Joint Lead Arrangers” has the
          meaning specified in the introductory paragraph hereof. On and after the Tranche A Fifth
              Amendment Effective Date, the Joint Lead Arrangers shall include the Fifth Amendment Joint Lead Arrangers.

        

      

      “Laws” means, collectively, all
          international, foreign, Federal, state and local statutes, treaties, rules, guidelines, regulations, ordinances, codes and administrative or judicial precedents or authorities, including the interpretation or administration thereof by any
          Governmental Authority charged with the enforcement, interpretation or administration thereof, and all applicable administrative orders, directed duties, requests, licenses, authorizations and permits of, and agreements with, any Governmental
          Authority, in each case whether or not having the force of law.

       

      
        - 33 -

        
          

      

       

      “L/C Advance” means, with
          respect to each Revolving Credit Lender, such Lender’s funding of its participation in any L/C Borrowing in accordance with its Applicable Revolving Credit Percentage.  All L/C Advances shall be denominated in Dollars.

        

      

      “L/C Borrowing” means an
          extension of credit resulting from a drawing under any Letter of Credit which has not been reimbursed on the date when made or refinanced as a Revolving Credit Borrowing.  All L/C Borrowings shall be denominated in Dollars.

        

      

      “L/C Credit Extension” means,
          with respect to any Letter of Credit, the issuance thereof or extension of the expiry date thereof, or the increase of the amount thereof.

        

      

      “L/C Issuer” means Bank of
          America in its capacity as issuer of Letters of Credit hereunder, or any successor issuer of Letters of Credit hereunder.

        

      

      “L/C Obligations” means, as at
          any date of determination, the aggregate amount available to be drawn under all outstanding Letters of Credit plus the aggregate of all Unreimbursed
          Amounts, including all L/C Borrowings.  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 1.09.  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.

        

      

      “Lender” has the meaning
          specified in the introductory paragraph hereto and, as the context requires, includes the Swing Line Lender.  The term “Lender” shall include any Designated Lender.

        

      

      “Lending Office” means, as to
          any Lender, the office or offices of such Lender described as such in such Lender’s Administrative Questionnaire, or such other office or offices as a Lender may from time to time notify the Company and the Administrative Agent, which office may
          include any Affiliate of such Lender or any domestic or foreign branch of such Lender or such Affiliate.  Unless the context otherwise requires each reference to a Lender shall include its applicable Lending Office.

        

      

      “Letter of Credit” means any
          standby letter of credit issued hereunder and shall include the Existing Letters of Credit.  Letters of Credit may be issued in Dollars or in an Alternative Currency.

        

      

      “Letter of Credit Application”
          means an application and agreement for the issuance or amendment of a Letter of Credit in the form from time to time in use by the L/C Issuer.

        

      

      “Letter of Credit Expiration Date”
          means the day that is seven days prior to the Maturity Date in respect of the Revolving Credit Facility then in effect (or, if such day is not a Business Day, the next preceding Business Day).

       

       “Letter of Credit Fee” has the
          meaning specified in Section 2.03(i).

       

       “Letter of Credit Sublimit”
          means an amount equal to $250,000,000.  The Letter of Credit Sublimit is part of, and not in addition to, the Revolving Credit Facility.

        

      

      “LIBOR Quoted Currency” means
          each of the following currencies:  Dollars; Euro; and Sterling; in each case as long as there is a published LIBOR rate with respect thereto.

       

      
        - 34 -

        
          

      

       

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

        

      

      “LIBOR Successor Rate” has the
          meaning specified in Section 3.03(c).

        

      

      “LIBOR Successor Rate Conforming Changes”
          means, with respect to any proposed LIBOR Successor Rate, any conforming changes to the definition of Base Rate, Interest Period, timing and frequency of determining rates and making payments of interest and other administrative matters as may be
          appropriate, in the discretion of the Administrative Agent, to reflect the adoption of such LIBOR Successor Rate and to permit the administration thereof by the Administrative Agent in a manner substantially consistent with market practice (or,
          if the Administrative Agent determines that adoption of any portion of such market practice is not administratively feasible or that no market practice for the administration of such LIBOR Successor Rate exists, in such other manner of
          administration as the Administrative Agent determines in consultation with the Borrower).

        

      

      “Lien” means any mortgage,
          pledge, hypothecation, collateral assignment, deposit arrangement, encumbrance, lien (statutory or other), charge, or other security interest or preferential arrangement in the nature of a security interest of any kind or nature whatsoever
          (including any conditional sale or other title retention agreement, any easement, right of way or other encumbrance on title to real property, and any financing lease having substantially the same economic effect as any of the foregoing).

        

      

      “Limited Condition Transaction”
          means (i) any Permitted Acquisition or other permitted acquisition or Investment (including by way of merger or amalgamation) whose consummation is not conditioned on the availability of, or on obtaining, third party financing and (ii) any
          redemption, repurchase, defeasance, satisfaction and discharge or repayment of Indebtedness requiring irrevocable notice in advance of such redemption, repurchase, defeasance, satisfaction and discharge or repayment.

        

      

      “Limited Guarantor Foreign Subsidiary”
          means each Foreign Subsidiary that is a Subsidiary of WES and that has executed a Limited Guaranty.

        

      

      “Limited Guaranty” means a
          Foreign Subsidiary Guaranty (which, in the case of a Limited Guaranty of any WES Entity, shall be a guarantee only of the Obligations of WEX International Holdings) recourse to the guarantor under which is limited to a maximum of $350,000,000 or,
          in the case of a Foreign Subsidiary Guaranty by a WES Entity, the least of (x) the aggregate outstanding Obligations of WEX International Holdings, (y) $350,000,000 (or such lower amount as may be designated in accordance with Section 1.03(a), (b), and (c) of the Agreed Credit Support Principles if such Foreign Subsidiary Guaranty is also a Reduced Guaranty) and (z) the aggregate amount of Investments in the WES Entities made on or
          after August 22, 2014 by the Non-WES Entities, less the total amount of returns on such Investments actually received in cash or Cash Equivalents on or after August 22, 2014 by the Non-WES Entities.

        

      

      “Loan” means an extension of
          credit by a Lender to a Borrower under Article II in the form of a Term Loan, a Revolving Credit Loan or a Swing Line Loan.

        

      

      “Loan Documents” means this
          Agreement, each Designated Borrower Request and Assumption Agreement, each Note, each Issuer Document, the Fee Letter, the Guaranties, the Collateral Documents, each Additional Credit Extension Amendment and any amendments of and joinders to any
          Loan Document that are deemed pursuant to their terms to be Loan Documents for purposes hereof.

       

      
        - 35 -

        
          

      

       

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

        

      

      “Loan Parties” means,
          collectively, the Company, each Subsidiary Guarantor, and each Designated Borrower.

        

      

      “Material Acquisition” has the
          meaning specified in the definition of “Consolidated EBITDA.”

        

      

      “Material Adverse Effect” means
          (a) a material adverse change in, or a material adverse effect upon, the operations, business, properties, or financial condition of the Company or the Company and its Subsidiaries taken as a whole; (b) a material impairment of the rights and
          remedies of the Administrative Agent or any Lender under any Loan Document or the ability of the Loan Parties, taken as whole, to perform their respective obligations under the Loan Documents; or (c) a material adverse effect upon the legality,
          validity, binding effect or enforceability against any Loan Party or the Specified Designated Borrower of any Loan Document to which it is a party.

        

      

      “Material Bank Regulated Subsidiary”
          means (i) WEX Bank and (ii) any other Bank Regulated Subsidiary that is a Material Subsidiary.

        

      

      “Material Disposition” has the
          meaning specified in the definition of “Consolidated EBITDA.”

        

      

      “Material Real Property” shall
          mean any fee owned Real Property located in the United States owned by a Domestic Loan Party and having a fair market value (on a per-property basis and as determined in good faith by the Company) equal to or greater than $5,000,000 as of (a) the
          Closing Date, for Real Property then owned, (b) the date of acquisition, for Real Property acquired after the Closing Date by any Domestic Loan Party or (c) the date that any Person first becomes a Domestic Subsidiary (other than an Excluded
          Domestic Guaranty Subsidiary) or remains a Domestic Subsidiary but ceases to be an Excluded Domestic Guaranty Subsidiary after the Closing Date, for Real Property then owned by such Domestic Subsidiary.

        

      

      “Material Subsidiary” means any
          Subsidiary of the Company other than an Immaterial Subsidiary.

        

      

      “Maturity Date” means (a) with
          respect to the Revolving Credit Facility, July 1, 2023 (the “Revolving Maturity Date”); provided that if, (i) as of the Notes Springing Maturity Date, the Company has not repaid, redeemed, discharged or defeased the 2023 Senior Notes, irrevocably deposited funds with the trustee in connection with the
          redemption, tender, defeasance or other early payment of the 2023 Senior Notes or extended the maturity (through a refinancing or otherwise) of the 2023 Senior Notes to a date that is at least 91 days after the Revolving Maturity Date, then the
          Revolving Maturity Date shall be the Notes Springing Maturity Date and (ii) as of the Term Loan Springing Maturity Date, the Revolving Maturity Date has not been adjusted pursuant to clause (i) and the Company has not repaid (or purchased or
          cancelled) the Term B-2 Loans or extended the maturity (through a refinancing or otherwise) of the Term B-2 Loans to a date that is at least 91 days after the Revolving Maturity Date, then the Revolving Maturity Date shall be the Term Loan
          Springing Maturity Date, (b) with respect to the Term A-3 Facility, July 1, 2023 (the “Term A Maturity Date”); provided that if, (i) as of the Notes Springing Maturity Date, the Company has not repaid, redeemed, discharged or defeased the 2023 Senior Notes, irrevocably deposited funds with the trustee  in
          connection with the redemption, tender, defeasance or other early payment of the 2023 Senior Notes or extended the maturity (through a refinancing or otherwise) of the 2023 Senior Notes to a date that is at least 91 days after the Term A Maturity
          Date, then the Term A Maturity Date shall be the Notes Springing Maturity Date and (ii) as of the Term Loan Springing Maturity Date, the Term A Maturity Date has not been adjusted pursuant to clause (i) and, the Company has not repaid (or
          purchased or cancelled) the Term B-2 Loans or extended the maturity (through a refinancing or otherwise) of the Term B-2 Loans to a date that is at least 91 days after the Term A Maturity Date, then the Term A Maturity Date shall be the Term Loan
          Springing Maturity Date, (c) with respect to the Term B-2 Facility, July 1, 2023 and (d) with respect to any additional Loans or Commitments pursuant to Section 2.17,
          2.18 or 2.19, the maturity date specified in the Additional
          Credit Extension Amendment related thereto; provided, however,
          that, in each case, if such date is not a Business Day, the Maturity Date shall be the next preceding Business Day.

       

      
        - 36 -

        
          

      

       

      “MLPFS” has the meaning
          specified in the introductory paragraph hereto.

        

      

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

       

                  “Mortgage” means each of the mortgages, deeds of trust, trust deeds and deeds to secure debt or such equivalent documents covering the Mortgaged Property (together with fixture filings and Assignments of
          Leases and Rents referred to therein) and hereafter entered into and executed and delivered by one or more of the Loan Parties to the Administrative Agent, in each case, in form and substance reasonably acceptable to the Administrative Agent
          (with such changes as may be satisfactory to the Administrative Agent and its counsel to account for local law matters).

       

                  “Mortgage Policy” has the meaning specified in Section 6.13(c)(ii).

       

                  “Mortgaged Property” shall mean all Material Real Property as to which, pursuant to Section 6.13(c), or
          otherwise, the Administrative Agent, for the benefit of the Secured Parties, shall be granted a Lien, pursuant to the Mortgages.

        

      

      “MUFG” has the meaning specified
          in the introductory paragraph hereto.

        

      

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

        

      

      “Multiple Employer Plan” means a
          Plan which has two or more contributing sponsors (including a Borrower or any ERISA Affiliate) at least two of whom are not under common control, as such a plan is described in Section 4064 of ERISA.

        

      

      “Net Cash Proceeds” means:

       

       (a)            with respect to any Disposition by any Loan Party or any of its Subsidiaries, or with respect to any Casualty Event relating to any property of any Loan Party or any of its
          Subsidiaries, the excess, if any, of (i) the sum of cash and Cash Equivalents received in connection with such transaction (including any cash or Cash Equivalents received by way of deferred payment pursuant to, or by monetization of, a note
          receivable or otherwise, but only as and when so received) over (ii) the sum of (A) the amount of all payments that are permitted hereunder and are made by the Company and its Subsidiaries as a result of such event to repay Indebtedness that is
          secured by the applicable asset or that is subject to mandatory prepayment in connection with such transaction or event (other than Indebtedness under the Loan Documents), (B) the sum of fees and out-of-pocket expenses (including attorney’s fees,
          investment banking fees, survey costs, title insurance premiums, and related search and recording charges, transfer taxes, deed or mortgage recording taxes, underwriting discounts and commissions, other customary expenses and brokerage,
          consultant, accountant and other customary fees) incurred by the Company and any Subsidiary in connection with such transaction or event, (C) the pro rata portion of net cash proceeds thereof (calculated without regard to this clause (C))
          attributable to minority interests and not available for distribution to or for the account of the Company or its Subsidiaries as a result thereof, (D) the amount of any liabilities directly associated with such asset and retained by the Company
          or any Subsidiary, (E) the amount of all taxes paid (or reasonably estimated to be payable), (F) the amount of dividends and other restricted payments that a Subsidiary may make pursuant to Section 7.06(a)(ii) as a result of such event and (G) the amount of any reserves established by the Company and its Subsidiaries to fund contingent liabilities reasonably estimated to be payable, that are
          directly attributable to such event; provided that, if the amount of any estimated taxes pursuant to subclause (E) exceeds the amount of taxes actually
          required to be paid in cash in respect of such Disposition or Casualty Event, the aggregate amount of such excess shall constitute Net Cash Proceeds; and

       

      
        - 37 -

        
          

      

       

      (b)            with respect to the incurrence or issuance of any Indebtedness by the Company or any of its Subsidiaries, the excess of (i) the sum of the cash and Cash Equivalents
          received in connection with such transaction over (ii) the underwriting discounts and commissions, and other reasonable and customary out-of-pocket expenses, incurred by the Company or such Subsidiary in connection therewith.

        

      

      “Non-Consenting Lender” has the
          meaning specified in Section 10.13.

        

      

      “Non-Converting Consenting Term A-2 Lender”
          means a Term A-2 Lender that has elected to be a “Non-Converting Consenting Term A-2 Lender” on its signature page to the Fourth Amendment.

        

      

      “Non-Converting Consenting Term B-1 Lender”
          means a Term B-1 Lender that has elected to be a “Non-Converting Consenting Term B-1 Lender” on its signature page to the First Amendment.

       

       “Non-Extension Notice Date” has
          the meaning specified in Section 2.03(b)(iii).

       

       “Non-WES Entity” means the
          Company or any direct or indirect Subsidiary thereof that is not a WES Entity.

       

       “Note” means a Term Note or a
          Revolving Credit Note, as the context may require.

        

      

      “Notes Springing Maturity Date”
          means August 1, 2022.

        

      

      “Notice of Loan Prepayment”
          means a notice of prepayment with respect to a Loan, which shall be substantially in the form of Exhibit O or such other form as may be approved by the
          Administrative Agent (including any form on an electronic platform or electronic transmission system as shall be approved by the Administrative Agent), appropriately completed and signed by a Responsible Officer.

        

      

      “Obligations” means all advances
          to, and debts, liabilities, obligations, covenants and duties of, any Loan Party or the Specified Designated Borrower arising under any Loan Document or otherwise with respect to any Loan, Letter of Credit, Specified Cash Management Agreement or
          Specified Hedge Agreement, whether direct or indirect (including those acquired by assumption), absolute or contingent, due or to become due, now existing or hereafter arising and including interest and fees that accrue after the commencement by
          or against any Loan Party or any Affiliate 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; provided that the Obligations of any Loan Party shall exclude any Excluded Swap Obligation of such Loan Party.

       

      
        - 38 -

        
          

      

       

      “OCC” means the United States
          Office of the Comptroller of the Currency.

        

      

      “OFAC” means the Office of
          Foreign Assets Control of the United States Department of the Treasury.

        

      

      “Offshore Associate” means an
          “Associate” within the meaning of the Australian Income Tax Assessment Act of 1936 (Cth) that is either (a) a non-resident and is not or
          would not become a lender under this Agreement in carrying on a business in Australia at or through any permanent establishment of it in Australia; or (b) a resident of Australia and is or would become a lender under this Agreement in carrying on
          a business in a country outside Australia at or through any permanent establishment of it in that country.

        

      

      “OID” has the meaning specified
          in Section 2.05(c).

        

      

      “Operating Indebtedness” means,
          as of any date of determination, all unsecured Indebtedness incurred in the ordinary course of the banking operations of any Bank Regulated Subsidiary which is includable as a liability on the consolidated balance sheet of such Bank Regulated
          Subsidiary and its consolidated subsidiaries at such date, determined on a consolidated basis in accordance with GAAP.

        

      

      “Operating Interest Expense”
          means, for any period, the sum for all Bank Regulated Subsidiaries and their respective consolidated subsidiaries (determined in accordance with GAAP), of all interest in respect of Operating Indebtedness (including, without limitation, the
          interest component of any payments in respect of capital lease obligations but excluding any capitalized financing costs) accrued during such period (whether or not actually paid during such period).

        

      

      “Organization Documents” means,
          (a) with respect to any corporation, the certificate or articles of incorporation and the bylaws (or equivalent or comparable constitutive documents with respect to any non-U.S. jurisdictions); (b) with respect to any limited liability company,
          the certificate or articles of formation or organization and operating agreement (or equivalent or comparable constitutive documents with respect to any non-U.S. jurisdictions); and (c) with respect to any partnership, joint venture, trust or
          other form of business entity, the partnership, joint venture or other applicable agreement of formation or organization and any agreement, instrument, filing or notice with respect thereto filed in connection with its formation or organization
          with the applicable Governmental Authority in the jurisdiction of its formation or organization and, if applicable, any certificate or articles of formation or organization of such entity.

        

      

      “Other Connection Taxes” means,
          with respect to any Recipient, Taxes imposed as a result of a present or former connection between such Recipient and the jurisdiction imposing such Tax (other than connections arising solely 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).

       

      
        - 39 -

        
          

      

       

      “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 (other than an assignment made pursuant to Section 3.06).

        

      

      “Outstanding Amount” means (a)
          with respect to Term Loans, Revolving Credit Loans and Swing Line Loans on any date, the Dollar Equivalent amount of aggregate outstanding principal amount thereof after giving effect to any borrowings and prepayments or repayments of Term Loans,
          Revolving Credit Loans and Swing Line Loans, as the case may be, occurring on such date; and (b) with respect to any L/C Obligations on any date, the Dollar Equivalent amount of the aggregate outstanding amount of such L/C Obligations on such
          date after giving effect to any L/C Credit Extension 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 by the Company of Unreimbursed Amounts.

        

      

      “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, the L/C Issuer, or the Swing Line Lender, as the case may be, in accordance
          with banking industry rules on interbank compensation, and (b) with respect to any amount denominated in an Alternative Currency, the rate of interest per annum at which overnight deposits in the applicable Alternative Currency, in an amount
          approximately equal to the amount with respect to which such rate is being determined, would be offered for such day by a branch or Affiliate of Bank of America in the applicable offshore interbank market for such currency to major banks in such
          interbank market.

        

      

      “Parallel Debt” has the meaning
          specified in Section 10.23(b).

       

       “Part 21A Certificate” means in respect of each company incorporated in the United Kingdom whose shares are the subject of a Lien under the Collateral Documents (a “Charged Company”), either:

        

      

      (a)            a certificate of a Responsible Officer of the Company certifying that:

        

      

      (i)            the Company and each of its Subsidiaries have complied within the relevant timeframe with any notice it has received pursuant to Part 21A of the United Kingdom Companies Act 2006 from that Charged
              Company; and

        

      

      (ii)            no "warning notice" or "restrictions notice" (in each case as defined in Schedule 1B of the United Kingdom Companies Act 2006) has been issued in respect of those shares,

        

      

      together with a copy of the “PSC register” (within the meaning of section 790C(10) of the United Kingdom Companies Act 2006) of that Charged Company which is certified by a Responsible Officer of the Company
              to be correct, complete and not amended or superseded as at the date of such certificate; or

        

      

      (b)            a certificate of a Responsible Officer of the Company certifying that such Charged Company is not required to comply with Part 21A of the United Kingdom Companies Act 2006.

        

      

      “Participant” has the meaning
          specified in Section 10.06(d).

       

      
        - 40 -

        
          

      

       

      “Participant Register” has the
          meaning specified in Section 10.06(d).

        

      

      “Participating Member State”
          means each state so described in any EMU Legislation.

       

      “PBGC” means the
          Pension Benefit Guaranty Corporation.

        

      

      “Pension Act” means the Pension
          Protection Act of 2006.

        

      

      “Pension Funding Rules” means
          the rules of the Code and ERISA regarding minimum required contributions (including any installment payment thereof) to Pension Plans and set forth in, with respect to plan years ending prior to the effective date of the Pension Act, Section 412
          of the Code and Section 302 of ERISA, each as in effect prior to the Pension Act and, thereafter, Sections 412, 430, 431, 432 and 436 of the Code and Sections 302, 303, 304 and 305 of ERISA.

        

      

      “Pension Plan” means any
          employee pension benefit plan (including a Multiple Employer Plan or a Multiemployer Plan) that is maintained or is contributed to by any Borrower or any ERISA Affiliate and is either covered by Title IV of ERISA or is subject to the minimum
          funding standards under Section 412 of the Code.

        

      

      “Perfection Certificate” shall
          mean a certificate in the form of Exhibit J or any other form approved by the Administrative Agent, as the same shall be supplemented from time to time.

        

      

      “Permitted Acquisition” means
          (a) any Acquisition by the Company or any Subsidiary; provided that (i) immediately after giving effect to such Acquisition, (x) no Event of Default or
          Default under Sections 8.01(a) or (f) shall have occurred and
          be continuing and (y) the Consolidated Interest Coverage Ratio and Consolidated Leverage Ratio for the most recent period of four consecutive fiscal quarters for which financial statements have been delivered pursuant to Section 6.01(a) or (b) (determined on a Pro Forma Basis as if such Acquisition had
          occurred on the first day of such period) shall be not less than, or greater than, the ratios required by Sections 7.11(a) and (b), respectively, and the Company shall be in compliance with Section 7.07, (ii)
          promptly upon giving effect to such Acquisition, the Company complies with Section 6.13 and (iii) either (X) if such Acquisition is pursuant to clause (a)
          of the definition of “Acquisition,” then, immediately following such Acquisition, the Person acquired in such Acquisition is a consolidated Subsidiary or (Y) if such acquisition is pursuant to clause (b) of the definition of “Acquisition,” then,
          immediately following such Acquisition, the assets, division or line of business acquired in such Acquisition are owned by the Company or a consolidated Subsidiary, and (b) the EFS Acquisition.

        

      

      “Permitted Encumbrances” means
          (i) Liens, encumbrances and other matters disclosed on the Mortgage Policies delivered in connection with Mortgages delivered hereunder, (ii) easements,
            zoning restrictions, rights-of-way, restrictions on use and other encumbrances on real estate and defects and irregularities in the title thereto (but, with respect to Mortgaged Property, limited to minor defects and irregularities in the title
            thereto), or any other matter of record, landlord’s or lessor’s Liens under leases to which any Domestic Loan Party is a party, and other Liens none of which in the opinion of the respective Domestic Loan Party interferes materially with
          the use of real estate of the Domestic Loan Parties taken as a whole in the ordinary conduct of business, which encumbrances, defects and Liens do not individually or in the aggregate have a Material Adverse Effect on (x) if such real estate is
          subject to a Mortgage, the value of said real estate or (y) the business of the Loan Parties and the Restricted Subsidiaries on a consolidated basis, and (iii) the Liens permitted under and described in clauses (a), (b), (c),
          (d), (g), (h) and (j) of Section 7.01.

       

      
        - 41 -

        
          

      

       

      “Permitted Factoring Transaction”
          means any sale or other transfer by the Company or any of its Subsidiaries of Factorable Receivables, which sale or transfer does not involve the creation of any recourse obligation in respect thereof on the part of the Company or any of its
          Subsidiaries (other than with respect to matters of title to, and the character of (other than the collectability) of, the Factorable Receivables so sold or transferred), other than recourse obligations in an outstanding amount not exceeding
          $10,000,000 at any time.

        

      

      “Permitted Junior Priority Refinancing Debt”
          means any Credit Agreement Refinancing Indebtedness in the form of one or more series of junior lien secured notes or junior lien secured loans; provided
          that (i) such Indebtedness is secured by the Collateral on a junior lien, subordinated basis to the Obligations and the obligations in respect of any Permitted Pari Passu Refinancing Debt, (ii) the security agreements relating to such
          Indebtedness are substantially the same as the Collateral Documents (with such differences as are reasonably satisfactory to the Administrative Agent) and (iii) a Senior Representative acting on behalf of the holders of such Indebtedness shall
          have become party to a customary intercreditor agreement in form and substance reasonably acceptable to the Administrative Agent and the Company.

        

      

      “Permitted Pari Passu Refinancing Debt”
          means any Credit Agreement Refinancing Indebtedness in the form of one or more series of senior secured notes; provided that (i) such Indebtedness is
          secured by the Collateral on a pari passu basis with the Obligations, (ii) the security agreements relating to such Indebtedness are
          substantially the same as the Collateral Documents (with such differences as are reasonably satisfactory to the Administrative Agent) and (iii) a Senior Representative acting on behalf of the holders of such Indebtedness shall have become party
          to one or more customary intercreditor agreements in form and substance reasonably acceptable to the Administrative Agent and the Company.

        

      

      “Permitted Refinancing Indebtedness”
          means any Indebtedness of any Loan Party or any of its Subsidiaries (other than any Bank Regulated Subsidiary and its respective Subsidiaries) issued in exchange for, or the net proceeds of which are used to extend, renew, refund, refinance,
          replace, defease or discharge other Indebtedness of such Loan Party or any of its Subsidiaries (other than any Bank Regulated Subsidiary and its respective Subsidiaries); provided that:

        

      

      (a)            the principal amount (or accreted value, if applicable) of such Permitted Refinancing Indebtedness does not exceed the principal amount (or accreted value, if applicable) of
          the Indebtedness extended, renewed, refunded, refinanced, replaced, defeased or discharged (the “Refinanced Indebtedness”) (plus all accrued interest on
          the Refinanced Indebtedness and the amount of all fees, commissions, discounts and expenses, including premiums, incurred in connection therewith);

        

      

      (b)            either (x) such Permitted Refinancing Indebtedness has a final maturity date no earlier than the final maturity date of, and has a Weighted Average Life to Maturity equal to
          or greater than the Weighted Average Life to Maturity of, the Refinanced Indebtedness or (y) all scheduled payments on or in respect of such Permitted Refinancing Indebtedness (other than interest payments) shall be at least 91 days following the
          latest Maturity Date hereunder;

        

      

      (c)            if the Refinanced Indebtedness is subordinated in right of payment to the Loans, such Permitted Refinancing Indebtedness is subordinated in right of payment to the Loan on
          terms at least as favorable to the Lenders as those contained in the documentation governing the Refinanced Indebtedness;

       

      
        - 42 -

        
          

      

       

      (d)            such Indebtedness is incurred:

       

      (i)                        by a Loan Party or by a Subsidiary (other than a Bank Regulated Subsidiary and its respective
          Subsidiaries) who is the obligor on the Refinanced Indebtedness;

       

      (ii)                        by a Loan Party if the obligor on the Refinanced Indebtedness is a Loan Party or a Subsidiary
          Guarantor; and

        

      

      (e)            such Indebtedness is only secured if and to the extent and with the priority the Refinanced Indebtedness is secured, and if such Refinanced Indebtedness is subject to an
          intercreditor agreement, the holders of such Permitted Refinancing Indebtedness or their representative on their behalf shall become party to such intercreditor agreement.

        

      

      “Permitted Restructuring Transactions”
          means, collectively, any transfers, dividends, distributions, intercompany Dispositions or Investments and related Indebtedness (collectively for purposes of this definition, “transfers”) either (1) undertaken concurrently with, or within the
          36-month period following, the consummation of any Material Acquisition, in order to achieve synergies or tax efficiencies related to such Material Acquisition and integration thereof (as reasonably determined by the Borrower), or (2) undertaken
          in connection with corporate reorganizations in the ordinary course of business consisting of (x) transfers of any assets of any Foreign Subsidiary to any other Foreign Subsidiaries (direct or indirect), (y) transfers of the Equity Interests of
          any Foreign Subsidiary and any intercompany loans held by any Loan Party with respect to which such Foreign Subsidiary is the obligor to any other Foreign Subsidiaries (direct or indirect) or (z) the conversion to Equity Interests or the
          forgiveness of Indebtedness owed by a Foreign Subsidiary to any Loan Party; provided that (i) in the case of each of clauses (1) and (2), after giving
          effect to such Permitted Restructuring Transaction the security interests of the Secured Parties in the Collateral, taken as a whole, are not materially and adversely impaired and (ii) at the time of such Permitted Restructuring Transaction, no
          Default or Event of Default has occurred and is continuing or would result therefrom.

        

      

      “Permitted Securitization Entity”
          means any entity that, (i) except to the extent that Securitization Transactions in the relevant jurisdiction may be effected by a sale or transfer of the applicable Securitization Assets to a Person other than a wholly-owned Subsidiary of the
          Company, is directly or indirectly wholly-owned by the Company, (ii) is formed and operated solely for purposes of a Permitted Securitization Transaction, (iii) is “bankruptcy remote” (or, if applicable, “insolvency remote”), (iv) has
          organizational documents which limit the permitted activities of such Permitted Securitization Entity to the acquisition of Securitization Assets from the Company or one or more of its Subsidiaries, the securitization of such Securitization
          Assets and activities necessary or incidental to the foregoing, (v) meets the customary requirements for special purpose entities engaged in the securitization of assets operating in the applicable jurisdiction; provided that if no requirements for special purpose entities exist in such jurisdiction, the Company shall so certify to the Administrative Agent.

        

      

      “Permitted Securitization Transaction”
          means the sale, contribution or other transfer by the Company or one or more of its Subsidiaries of Securitization Assets to one or more Permitted Securitization Entities and the related further transfer or financing of such Securitization Assets
          (and all of the activities and transactions customarily effected in connection with the foregoing); provided that, in each case, (i) such transaction
          results in a legal “true sale” of receivable under the laws of the applicable jurisdiction and (ii) such transaction is non-recourse to the Company and its Subsidiaries (other than the applicable Permitted Securitization Entity) under the laws of
          the applicable jurisdiction, except for Standard Securitization Undertakings.

       

      
        - 43 -

        
          

      

       

      “Permitted Tax Receivable Agreement
              Prepayment” means any prepayment made under the Tax Receivable Agreement; provided that before and after giving effect to such prepayment,
          no Event of Default shall have occurred and be continuing, including, on a Pro Forma Basis, under Section 7.11.

        

      

      “Permitted Unsecured Refinancing Debt”
          means any Credit Agreement Refinancing Indebtedness in the form of one or more series of senior unsecured notes or senior unsecured loans.

        

      

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

        

      

      “Plan” means any employee
          benefit plan within the meaning of Section 3(3) of ERISA (including a Pension Plan), maintained for employees of any Borrower or any ERISA Affiliate or any such Plan to which any Borrower or any ERISA Affiliate is required to contribute on behalf
          of any of its employees and not excluded under Section 4 of ERISA.

        

      

      “Planned Expenditures” has the
          meaning specified in the definition of Excess Cash Flow.

       

       “Platform” has the meaning
          specified in Section 6.02.

        

      

      “Pro Forma
              Basis” means, for purposes of calculating compliance with any test, financial ratio or financial covenant required by the terms of this Agreement to be made on a Pro Forma Basis, for any period, a basis assuming that any applicable
          transaction giving rise to such requirement and any Material Acquisition or Material Disposition that has been consummated during the applicable period and the following transactions in connection therewith that have been made during the
          applicable period of measurement or subsequent to such period and prior to or simultaneously with the event for which the calculation is made shall be deemed to have occurred as of the first day of the applicable period of measurement in such
          test, financial ratio or financial covenant: (a) income statement items (whether positive or negative) attributable to the property or Person subject to any such Material Acquisition or Material Disposition shall be included (in the case of any
          Material Acquisition) or excluded (in the case of any Material Disposition), (b) any retirement of Indebtedness, and (c) any Indebtedness incurred or assumed by the Company or any of its Subsidiaries in connection therewith and if such
          Indebtedness has a floating or formula rate, shall have an implied rate of interest for the applicable period for purposes of this definition determined by utilizing the rate which is or would be in effect with respect to such Indebtedness as at
          the relevant date of determination and interest on any Indebtedness under a revolving credit facility computed on a pro forma basis shall be computed based upon the average daily balance of such Indebtedness during the applicable period; provided that the foregoing pro forma adjustments may be applied to any such test, financial ratio or financial covenant solely to the extent that such
          adjustments are consistent with the definition of Consolidated EBITDA and give effect to events (including operating expense reductions, synergies or similar anticipated benefits) that are (x) attributable to such transaction, (y) expected to
          have a continuing impact on the Company and its Subsidiaries and (z) factually supportable (provided that pro forma effect shall only be given to operating expense reductions, synergies or similar anticipated
          benefits from any Material Acquisition or Material Disposition to the extent that such adjustments and the bases therefore are set forth in reasonable detail in a certificate of the chief executive officer, chief financial officer, treasurer or
          controller of the Company delivered to the Administrative Agent and dated the relevant date of determination and which certifies that all necessary steps for the realization thereof have been taken or the Company reasonably anticipates that all
          necessary steps for the realization thereof will be taken within twenty-four (24) months (or twelve (12) months in the case of determining any Applicable Rate with respect to Revolving Credit Loans and Term A-3 Loans) following such Material
          Acquisition or Material Disposition (it being understood that such operating expense reductions, synergies or similar anticipated benefits shall be added to Consolidated EBITDA (net of the amount of actual benefits realized from such steps) until
          fully realized (which, for purposes of determining any Applicable Rate with respect to Revolving Credit Loans and Term A-3 Loans, shall not extend beyond twenty-four (24) months after such Material Acquisition or Material Disposition); provided, further, that, for purposes of any calculation of
          Consolidated EBITDA (i) for only the period ending on or prior to June 30, 2017, “Pro Forma Basis” shall also include revenues (net of associated expenses), on a “run rate” basis, projected to be realizable in future periods of comparable length,
          attributable to new customers and new contracts projected by the Company in good faith to be attributed to such customers and contracts (limited to revenues projected to be realized from new customers and new contracts in connection with the EFS
          Acquisition), in each case disclosed to the Administrative Agent prior to the Closing Date (without duplication of any actual revenues relating to such customers and contracts) and (ii) for any period following the Closing Date, at the Company’s
          election and subject to the consent of the Required Financial Covenant Lenders, “Pro Forma Basis” shall thereafter also include revenues (net of associated expenses), on a “run rate” basis, projected to be realizable in future periods of
          comparable length, attributable to new customers and new contracts projected by the Company in good faith to be attributed to such customers and contracts in connection with any Material Acquisition during the applicable period (without
          duplication of any actual revenues relating to such customers and contracts) (it being understood that such “run rate” revenues shall be (x) set forth in reasonable detail in a certificate of the chief executive officer, chief financial officer,
          treasurer or controller of the Company delivered to the Administrative Agent on or prior to the relevant date of determination which certifies that such revenues have been projected by the Company in good faith based on and derived from financial
          information delivered to the Administrative Agent on or prior to such Material Acquisition and (y) added to Consolidated EBITDA (a) in an aggregate amount not to exceed 25% (or 20% in the case of determining any Applicable Rate with respect to
          Revolving Credit Loans and Term A-3 Loans) of the Consolidated EBITDA of the Acquired Entity or Business for such period (prior to giving effect to any adjustment pursuant to this clause (ii)) and (b) for only the periods ending on or prior to
          the last day of the fourth (4th) full fiscal quarter immediately following such Material Acquisition).

       

      
        - 44 -

        
          

      

       

      “Pro Forma Financial Statements”
          means the Company’s unaudited balance sheet and related statement of operations as at and for the twelve months ended March 31, 2016, giving effect to the Transactions, as if the Transactions had occurred as of such date (in the case of such
          balance sheet) or at the beginning of such period (in the case of the statement of operations).

        

      

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

        

      

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

        

      

      “Purchasing Borrower Party”
          means the Company or any Subsidiary of the Company to whom any Term Loans are assigned pursuant to Section 10.06(i).

       

       “Qualified Stock” means any
          Equity Interest not constituting Disqualified Stock.

       

       “Rate Determination Date” means
          two (2) Business 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 such market practice is not administratively feasible for the Administrative Agent, such other day as otherwise reasonably
          determined by the Administrative Agent).

        

      

      “RD” means WEX Card Holdings
          Australia Pty Ltd., an Australian proprietary company.

       

      
        - 45 -

        
          

      

       

      “RD Acquisition Sub 1” means WEX
          Australia Holdings Pty Ltd, an Australian proprietary company.

        

      

      “RD Entities” means RD
          Acquisition Sub 1 and its Subsidiaries, collectively.

        

      

      “Real Property” of any Person
          shall mean all the right, title and interest of such Person in and to land, improvements and fixtures.

        

      

      “Received Amount” has the
          meaning specified in Section 10.23(d).

       

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

       

       “Reduced Guaranty” means a
          Foreign Subsidiary Guaranty limited in the manner contemplated by Section 1.03(a), (b) or (c) of the Agreed Credit Support Principles.

       

       “Reduced Guaranty Foreign Subsidiary”
          means any Foreign Subsidiary Guarantor that has executed a Reduced Guaranty.

       

       “Reduced Guaranty Investment Cap”
          means any limit on Investments in a Foreign Subsidiary imposed by the Administrative Agent in accordance with the last sentence of the Agreed Credit Support Principles.

       

       “Refinanced Debt” has the
          meaning specified in the definition of Credit Agreement Refinancing Indebtedness.

       

       “Refinancing” means (x) the
          repayment or redemption in full of (i) the Existing Credit Agreement and (ii) the Existing Mustang Credit Agreements, and (y) the termination of all commitments and termination and release of all security interests and guaranties in connection
          therewith or the making of provisions therefor reasonably acceptable to the Administrative Agent, it being understood that the Existing Letters of Credit may remain outstanding.

        

      

      “Refinancing Revolving Credit Commitments”
          has the meaning specified in Section 2.18(a).

       

       “Refinancing Revolving Credit Loans”
          has the meaning specified in Section 2.18(a).

       

       “Refinancing Term Loans” has
          the meaning specified in Section 2.18(a).

       

       “Register” has the meaning
          specified in Section 10.06(c).

       

       “Regulated Bank” means (i) WEX
          Bank or (ii) any direct or indirect insured depository institution Subsidiary of the Company that is regulated by foreign, federal or state banking regulators, including, without limitation, the OCC, the Utah Department of Financial Institutions,
          the FDIC or the Federal Reserve.

       

       “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.

       

      
        - 46 -

        
          

      

       

      “Relevant Jurisdiction” means,
          in relation to a Foreign Loan Party or the Specified Designated Borrower, (a) its jurisdiction of incorporation or formation; (b) any jurisdiction where any asset subject to or intended to be subject to the Liens to be created by it pursuant to
          the Collateral Documents is situated; (c) any jurisdiction where it conducts its business; and (d) the jurisdiction whose laws govern the perfection of any of the Collateral Documents entered into by it.

        

      

      “Reportable Event” means any of the events set
            forth in Section 4043(c) of ERISA, other than events for which the 30 day notice period has been waived on the Closing Date.

        

      

      “Repricing Transaction” has the
          meaning specified in Section 2.05(c).

        

      

      “Request for Credit Extension”
          means (a) with respect to a Borrowing, conversion or continuation of Term Loans or Revolving Credit Loans, a Loan Notice, (b) with respect to an L/C Credit Extension, a Letter of Credit Application, and (c) with respect to a Swing Line Loan, a
          Swing Line Loan Notice.

        

      

      “Required Financial Covenant Lenders”
          means, as of any date of determination, Lenders holding more than 50% of the sum of the (a) aggregate Term A-3 Loans outstanding, (b) Total Revolving Credit Outstandings (with the aggregate amount of each Revolving Credit Lender’s risk
          participation and funded participation in L/C Obligations and Swing Line Loans being deemed “held” by such Revolving Credit Lender for purposes of this definition) and (c) aggregate unused Revolving Credit Commitments; provided that the unused Revolving Credit Commitment of, and the portion of the Total Revolving Credit Outstandings held or deemed held by, any Defaulting Lender shall be
          excluded for purposes of making a determination of Required Revolving Credit Lenders.

        

      

      “Required Lenders” means, as of
          any date of determination, Lenders holding more than 50% of the sum of the (a) Total Outstandings (with the aggregate amount of each Revolving Credit Lender’s risk participation and funded participation in L/C Obligations and Swing Line Loans
          being deemed “held” by such Revolving Credit Lender for purposes of this definition) and (b) aggregate unused Commitments; provided that the unused
          Revolving Credit Commitment of, and the portion of the Total Outstandings held or deemed held by, any Defaulting Lender shall be excluded for purposes of making a determination of Required Lenders.

        

      

      “Required Revolving Credit Lenders”
          means, as of any date of determination, Lenders holding more than 50% of the sum of the (a) Total Revolving Credit Outstandings (with the aggregate amount of each Revolving Credit Lender’s risk participation and funded participation in L/C
          Obligations and Swing Line Loans being deemed “held” by such Revolving Credit Lender for purposes of this definition) and (b) aggregate unused Revolving Credit Commitments; provided that the unused Revolving Credit Commitment of, and the portion of the Total Revolving Credit Outstandings held or deemed held by, any Defaulting Lender shall be excluded for purposes of making a determination of
          Required Revolving Credit Lenders.

        

      

      “Required Term A-3 Lenders”
          means, as of any date of determination, Term A-3 Lenders holding more than 50% of the Term A-3 Facility on such date; provided that the portion of the
          Term A-3 Facility held by any Defaulting Lender shall be excluded for purposes of making a determination of Required Term A-3 Lenders.

        

      

      “Required Term B-2 Lenders”
          means, as of any date of determination, at least two Term B-2 Lenders holding more than 50% of the Term B-2 Facility on such date; provided that the
          portion of the Term B-2 Facility held by any Defaulting Lender shall be excluded for purposes of making a determination of Required Term B-2 Lenders.

       

      
        - 47 -

        
          

      

       

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

        

      

      “Restricted Payment” means any
          dividend or other distribution (whether in cash, securities or other property) with respect to any capital stock or other Equity Interest of the Company or any Subsidiary, or any payment (whether in cash, securities or other property), including
          any sinking fund or similar deposit, on account of the purchase, redemption, retirement, acquisition, cancellation or termination of any such capital stock or other Equity Interest, or on account of any return of capital to the Company’s
          stockholders, partners or members (or the equivalent Person thereof).

        

      

      “Revaluation Date” means (a)
          with respect to any Loan, each of the following:  (i) each date of a Borrowing of a Eurocurrency Rate Loan denominated in an Alternative Currency, (ii) each date of a continuation of a Eurocurrency Rate Loan denominated in an Alternative Currency
          pursuant to Section 2.02, and (iii) such additional dates as the Administrative Agent shall determine or the Required Revolving Credit Lenders shall
          require; and (b) with respect to any Letter of Credit, each of the following:  (i) each date of issuance of a Letter of Credit denominated in an Alternative Currency, (ii) each date of an amendment of any such Letter of Credit having the effect
          of increasing the amount thereof (solely with respect to the increased amount), (iii) each date of any payment by the L/C Issuer under any Letter of Credit denominated in an Alternative Currency, and (iv) such additional dates as the
          Administrative Agent or the L/C Issuer shall determine or the Required Revolving Credit Lenders shall require.

        

      

      “Revolving Credit Borrowing”
          means a borrowing consisting of simultaneous Revolving Credit Loans of the same Type and, in the case of Eurocurrency Rate Loans, having the same Interest Period made by each of the Revolving Credit Lenders pursuant to Section 2.01(f).

        

      

      “Revolving Credit Commitment”
          means, as to each Revolving Credit Lender, its obligation to (a) make Revolving Credit Loans to the Borrowers pursuant to Section 2.01(f) or pursuant to
          an Additional Credit Extension Amendment, (b) purchase participations in L/C Obligations, and (c) purchase participations in Swing Line Loans, in an aggregate principal amount at any one time outstanding not to exceed the amount set forth
          opposite such Lender’s name on Schedule 2.01 under the caption “Revolving Credit Commitment” or opposite such caption in the Additional Credit Extension
          Amendment or Assignment and Assumption pursuant to which such Lender becomes a party hereto, as applicable, as such amount may be adjusted from time to time in accordance with this Agreement.  If new Revolving Credit Commitments are established
          after the Closing Date pursuant to an Additional Credit Extension Amendment, references to “Revolving Credit Commitments” herein shall mean all Revolving Credit Commitments, unless the Additional Credit Extension Amendment provides otherwise with
          respect to any one or more particular references to “Revolving Credit Commitments”; and references to “Revolving Credit Facility,” “Revolving Credit Lender” and “Revolving Credit Loan” shall also be subject to such rule of interpretation.  The
          aggregate amount of the Revolving Credit Commitments as of the Fourth Amendment Effective Date is $720,000,000 and the Revolving Credit Commitment of each Revolving Credit Lender as of the Fourth Amendment Effective Date is set forth on Schedule
          II to the Fourth Amendment.

       

      
        - 48 -

        
          

      

       

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

        

      

      “Revolving Credit Lender” means,
          at any time, any Lender that has a Revolving Credit Commitment at such time.

        

      

      “Revolving Credit Loan” has the
          meaning specified in Section 2.01(f) or an Additional Credit Extension Amendment.

        

      

      “Revolving Credit Note” means a
          promissory note made by the Company in favor of a Revolving Credit Lender evidencing Revolving Credit Loans made by such Revolving Credit Lender, substantially in the form of Exhibit C-2.

       

       “Revolving Maturity Date” has
          the meaning specified in the definition of “Maturity Date.”

        

      

      “S&P” means Standard &
          Poor’s Financial Services, LLC, a subsidiary of The McGraw-Hill Companies, Inc., and any successor thereto.

       

       “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 L/C
          Issuer, 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.

       

       “Sanction(s)” means any
          economic sanction administered or enforced by the United States Government (including without limitation, OFAC), the United Nations Security Council, the European Union, Her Majesty’s Treasury (“HMT”) or other Governmental Authority with responsibility for economic sanctions.

        

      

      “Scheduled Unavailability Date”
          has the meaning specified in Section 3.03(c)(ii).

        

      

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

        

      

      “Second Amendment” means that
          certain Second Amendment to the Credit Agreement, dated as of October 30, 2017, by and among the Borrowers, the Specified Designated Borrower, the Subsidiary Guarantors, the Administrative Agent, the Swing Line Lender, the L/C Issuer and the
          Incremental Revolving Lender (as defined therein).

        

      

      “Second Amendment Effective Date”
          has the meaning assigned to such term in the Second Amendment.

       

       “Secured Parties” means,
          collectively, the Administrative Agent, the Lenders (including Designated Lenders), the L/C Issuer, the Hedge Banks, the Cash Management Banks, Foreign Obligation Providers, the Indemnitees and each co-agent or sub-agent appointed by the
          Administrative Agent from time to time pursuant to Section 9.05.

       

      
        - 49 -

        
          

      

       

      “Securitization Assets” means
          any accounts receivable or lease receivables, whether constituting accounts, general intangibles, chattel paper, instruments or otherwise (the “Receivables”)

          owned by the Company or any Subsidiary (whether now existing or arising or acquired in the future), all collateral securing such Receivables, all contracts and contract rights, purchase orders, records, security interests, financing statements or
          other documentation in respect of such Receivables and all guarantees, letters of credit, insurance or other agreements or arrangements supporting or securing payment in respect of such Receivables or any of the foregoing, all lockboxes and
          collection accounts in respect of such Receivables, all collections and proceeds of such Receivables, any warranty, indemnity, dilution or other claim arising out of the foregoing, and other assets which are of the type customarily granted or
          transferred in connection with securitization transactions involving receivables similar to such Receivables.

        

      

      “Securitization Transaction”
          means, with respect to any Person, any financing transaction or series of financing transactions (including factoring arrangements) pursuant to which such Person or any Subsidiary of such Person may sell, convey or otherwise transfer, or grant a
          security interest in, accounts, general intangibles, chattel paper, instruments, payments, receivables, rights to future lease payments or residuals or similar rights to payment to a special purpose subsidiary or affiliate of such Person.

       

       “Senior Representative” means,
          with respect to any series of Indebtedness permitted by this Agreement to be secured on the Collateral on a pari passu or junior or
          subordinated basis, the trustee, administrative agent, collateral agent, security agent or similar agent under the indenture or agreement pursuant to which such Indebtedness is issued, incurred or otherwise obtained, as the case may be, and each
          of their successors in such capacities.

        

      

      “Solvency Certificate” means a
          certificate signed by the chief financial officer of the Company, substantially in the form of Exhibit N.

        

      

      “Solvent” means, as to any
          Person, such Person (a) owns property whose fair salable value is greater than the amount required to pay all of its debts (including contingent liabilities) as they mature; (b) has capital that is not unreasonably small for its business and is
          sufficient to carry on its business and transactions and all business and transactions in which it is about to engage and (c) is not “insolvent” within the meaning of Section 101(32) of the Bankruptcy Code of the United States (or “insolvent”
          within the meaning of equivalent Laws of such Person’s jurisdiction of incorporation).  “Fair salable value” means the amount that could be obtained for
          assets within a reasonable time, either through collection or through sale under ordinary selling conditions by a capable and diligent seller to an interested buyer who is willing (but under no compulsion) to purchase.

        

      

      “Special Interest Period” has
          the meaning specified in Section 2.02(a).

        

      

      “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 or Europe.

       

       “Specified Acquisition” means
          an Acquisition that (a) involves the payment of consideration by the Company and its Subsidiaries in excess of $300.0 million and (b) is designated as such in a Specified Acquisition Certificate; provided that the Company may only designate one Acquisition as a Specified Acquisition.

       

       “Specified Acquisition Certificate”
          means a certificate, signed by a Responsible Officer of the Company, designating an Acquisition as a Specified Acquisition so long as such certificate (a) is delivered not less than five Business Days prior to the closing date of such
          Acquisition, (b) sets forth a calculation in reasonable detail of the Acquisition consideration for the subject Acquisition, (c) sets forth calculations in reasonable detail showing compliance with Section 7.11 on a Pro Forma Basis, after giving
          effect to any permanent increase therein minus 0.25:1.00, (d) certifies that such Acquisition meets the criteria for a Specified Acquisition and (e) is in
          a form  reasonably satisfactory to the Administrative Agent.

       

      
        - 50 -

        
          

      

       

      “Specified Cash Management Agreement”
          means any Cash Management Agreement that is entered into by and between any Loan Party and any Cash Management Bank.

        

      

      “Specified Designated Borrower”
          means WEX Card Holdings Australia Pty Ltd ACN 123 181 635, a proprietary limited company formed under the laws of Australia.  The Specified Designated Borrower shall have no right to request or receive Credit Extensions until the conditions
          precedent set forth in Section 4.03 have been satisfied.

        

      

      “Specified Foreign Loan Party”
          has the meaning specified in Section 10.23(a).

       

       “Specified Hedge Agreement”
          means any Swap Contract permitted under Articles VI and VII
          that is entered into by and between any Loan Party and any Hedge Bank.

        

      

      “Specified Representations”
          means the representations and warranties set forth in Sections 5.01(a), 5.01(b)(ii),
          5.02 (other than clauses (b) and (c) thereof), 5.04, 5.14, 5.20(a), 5.23(ii) and 5.24 (solely with respect to the use of proceeds of the initial Credit Extension on the Closing
          Date).

        

      

      “Spot Rate” for a currency means
          the rate determined by the Administrative Agent or the L/C Issuer, as applicable, 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. local time on the date two Business Days prior to the date as of which the foreign exchange computation is made; provided that the Administrative Agent or the L/C Issuer may obtain such spot rate from another financial
          institution designated by the Administrative Agent or the L/C Issuer 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 L/C Issuer 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.

        

      

      “Standard Securitization Undertakings”
          means those obligations and undertakings entered into by the Company, a Subsidiary of the Company or any Permitted Securitization Entity which are determined in good faith by the Company to be customary in securitization transactions involving
          accounts receivable and other assets of the type described in the definition of “Securitization Assets,” so long as such obligations and undertakings are (i) on terms and conditions consistent with the sale treatment of Securitization Assets in a
          transaction that results in a legal “true sale” of Securitization Assets in accordance with the laws of the applicable jurisdiction and (ii) not inconsistent with the treatment of the transfer of Securitization Assets in a transaction as a legal
          “true sale” and otherwise consistent with customary securitization undertakings in accordance with the laws of the applicable jurisdiction; provided that
          Standard Securitization Undertakings shall not include any guaranty or other obligation of the Company or any of its Subsidiaries (other than a Permitted Securitization Entity) with respect to any Securitization Asset that is not collected, not
          paid or otherwise uncollectible on account of the insolvency, bankruptcy, creditworthiness or financial inability to pay of the applicable obligor with respect to such Securitization Asset.

        

      

      “Sterling” and “£” mean the lawful currency of the United Kingdom.

       

      
        - 51 -

        
          

      

       

      “STRH” has the meaning specified
          in the introductory paragraph hereto.

        

      

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

        

      

      “Subsidiary Guaranties” means
          the Domestic Subsidiary Guaranty and each Foreign Subsidiary Guaranty.

       

       “Subsidiary Guarantors” means,
          collectively, the Domestic Subsidiary Guarantors and the Foreign Subsidiary Guarantors.

        

      

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

        

      

      “Swap Obligations” means with
          respect to any Loan Party 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.

        

      

      “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).

        

      

      “Swing Line Borrowing” means a
          borrowing of a Swing Line Loan pursuant to Section 2.04.

       

       “Swing Line Lender” means Bank
          of America in its capacity as provider of Swing Line Loans, or any successor swing line lender hereunder.

       

       “Swing Line Loan” has the
          meaning specified in Section 2.04(a).

       

      
        - 52 -

        
          

      

       

      “Swing Line Loan Notice” means a
          notice of a Swing Line Borrowing pursuant to Section 2.04(b), which shall be substantially in the form of Exhibit B or such other form as approved by the Administrative Agent (including any form on an electronic platform or electronic transmission system as shall be approve by the Administrative
          Agent), appropriately completed and signed by a Responsible Officer of the Company.

        

      

      “Swing Line Sublimit” means an
          amount equal to the lesser of (a) $20,000,000 and (b) the Revolving Credit Facility.  The Swing Line Sublimit is part of, and not in addition to, the Revolving Credit Facility.

        

      

      “Synthetic Lease Obligation”
          means the monetary obligation of a Person under (a) a so-called synthetic, off-balance sheet or tax retention lease, or (b) an agreement for the use or possession of property creating obligations that do not appear on the balance sheet of such
          Person but which, upon the insolvency or bankruptcy of such Person, would be characterized as the indebtedness of such Person (without regard to accounting treatment).

       

       “TARGET Day” means any day on
          which the Trans-European Automated Real-time Gross Settlement Express Transfer (TARGET) payment system which utilizes a single shared platform and which was launched on 19 November 2007 (or, if such payment system ceases to be operative, such
          other payment system (if any) determined by the Administrative Agent to be a suitable replacement) is open for the settlement of payments in Euro.

       

       “Tax Receivable Agreement”
          means that certain Tax Receivable Agreement dated February 22, 2005, between the Company, Cendant Corporation and Cendant Mobility Services Corporation.

       

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

        

      

      “Term A Maturity Date” has the
          meaning specified in the definition of “Maturity Date.”

        

      

      “Term A-1 Borrowing” means a
          borrowing consisting of simultaneous Term A-1 Loans of the same Type and, in the case of Eurocurrency Rate Loans, having the same Interest Period made by each of the Term A-1 Lenders pursuant to Section 2.01(a).

        

      

      “Term A-1 Commitment” means, as
          to each Term A-1 Lender, its obligation to make Term A-1 Loans to the Company pursuant to Section 2.01(a) in an aggregate principal amount at any one time
          outstanding not to exceed the amount set forth opposite such Term A-1 Lender’s name on Schedule 2.01 under the caption “Term A-1 Commitment” or opposite
          such caption in the Additional Credit Extension Amendment or the Assignment and Assumption pursuant to which such Term A-1 Lender becomes a party hereto, as applicable, as such amount may be adjusted from time to time in accordance with this
          Agreement.

        

      

      “Term A-1 Facility” means, at
          any time, (a) on or prior to the Closing Date, the aggregate amount of the Term A-1 Commitments at such time and (b) thereafter, the aggregate principal amount of the Term A-1 Loans of all Term A-1 Lenders outstanding at such time.

       

      
        - 53 -

        
          

      

       

      “Term A-1 Lender” means (a) at
          any time on or prior to the Closing Date, any Lender that has a Term A-1 Commitment at such time and (b) at any time after the Closing Date, any Lender that holds Term A-1 Loans at such time.

        

      

      “Term A-1 Loan” means an advance
          made by any Term A-1 Lender under the Term A-1 Facility.

        

      

      “Term A-2 Borrowing” means a
          borrowing consisting of simultaneous Term A-2 Loans of the same Type and, in the case of Eurocurrency Rate Loans, having the same Interest Period made by each of the Term A-2 Lenders pursuant to Section 2.01(b).

       

      “Term A-2 Commitment”
          with respect to each Term A-1 Lender, the commitment of such Lender to convert its Term A-1 Loans for an equal aggregate principal amount of
            Term A-2 Loans on the First Amendment Effective Date pursuant to the First Amendment.

        

      

      “Term A-2 Facility” means, at
          any time, (a) on or prior to the First Amendment Effective Date, the aggregate amount of the Term A-2 Commitments at such time and (b) thereafter, the aggregate principal amount of the Term A-2 Loans of all Term A-2 Lenders outstanding at such
          time.

        

      

      “Term A-2 Lender” means (a) at
          any time on or prior to the First Amendment Effective Date, any Lender that has a Term A-2 Commitment at such time and (b) at any time after the First Amendment Effective Date, any Lender that holds Term A-2 Loans at such time.

        

      

      “Term A-2 Loan” means an advance
          made by any Term A-2 Lender under the Term A-2 Facility.

        

      

      “Term A-3 Borrowing” means a
          borrowing consisting of simultaneous Term A-3 Loans of the same Type and, in the case of Eurocurrency Rate Loans, having the same Interest Period made by each of the Term A-3 Lenders pursuant to Section 2.01(c).

       

      “Term A-3 Commitment”
          (i) with respect to each Fourth Amendment Consenting Term A-2 Lender, the commitment of such Lender to convert its Term A-2 Loans for an
            equal aggregate principal amount of Term A-3 Loans on the Fourth Amendment Effective Date pursuant to the Fourth Amendment, (ii) with respect to the Additional Term A-3 Lender, its Additional Term A-3 Commitment and, (iii) with respect to the Incremental Term A-3 Lender, its Incremental Term A-3
            Commitment and (iv) with respect to each Tranche A 2019 Incremental Term
              A-3 Lender, its Tranche A 2019 Incremental Term A-3 Commitment.

        

      

      “Term A-3 Facility” means, at
          any time, (a) on or prior to the Fourth Amendment Effective Date, the aggregate amount of the Term A-3 Commitments at such time and (b) thereafter, the aggregate principal amount of the Term A-3 Loans (including the Incremental Term A-3 Loans and the Tranche A 2019 Incremental Term A-3 Loans) of all Term A-3 Lenders outstanding at
          such time.

        

      

      “Term A-3 Lender” means (a) at
          any time on or prior to the Fourth Amendment Effective Date, any Lender that has a Term A-3 Commitment at such time and (b) at any time after the Fourth Amendment Effective Date, any Lender that holds Term A-3 Loans at such time.

        

      

      “Term A-3 Loan” means an advance
          made by any Term A-3 Lender under the Term A-3 Facility.

       

      
        - 54 -

        
          

      

       

      “Term B-1 Borrowing” means a
          borrowing consisting of simultaneous Term B-1 Loans of the same Type and, in the case of Eurocurrency Rate Loans, having the same Interest Period made by each of the Term B-1 Lenders pursuant to Section 2.01(d).

       

      “Term B-1 Commitment” means, as
          to each Term B-1 Lender, its obligation to make Term B-1 Loans to the Company pursuant to Section 2.01(d) in an aggregate principal amount at any one time outstanding not to exceed the amount set forth opposite such Term B-1 Lender’s name on Schedule 2.01 under the caption “Term B-1 Commitment” or opposite such caption in the Additional Credit Extension Amendment or the Assignment and Assumption pursuant to which such Term B-1 Lender becomes
          a party hereto, as applicable, as such amount may be adjusted from time to time in accordance with this Agreement.

        

      

      “Term B-1 Lender” means at any
          time, (a) on or prior to the Closing Date, any Lender that has a Term B-1 Commitment at such time and (b) at any time after the Closing Date, any Lender that holds Term B-1 Loans at such time.

        

      

      “Term B-2 Borrowing” means a
          borrowing consisting of simultaneous Term B-2 Loans of the same Type and, in the case of Eurocurrency Rate Loans, having the same Interest Period made by each of the Term B-2 Lenders pursuant to Section 2.01(e).

       

      “Term B-2 Commitment”
          (i) with respect to each First Amendment Consenting Term B-1 Lender, the commitment of such Lender to convert its Term B-1 Loans for an
            equal aggregate principal amount of Term B-2 Loans on the First Amendment Effective Date pursuant to the First Amendment, (ii) with respect to the Additional Term Lender, its Additional Term B-2 Commitment, and (iii) with respect to the
            Incremental Term B-2 Lender, its Incremental Term B-2 Commitment, in each case as such amount may be adjusted from time to time in accordance with this Agreement.

        

      

      “Term B-2 Facility” means, at
          any time, (a) on or prior to the First Amendment Effective Date, the aggregate amount of the Term B-2 Commitments at such time and (b) thereafter, the aggregate principal amount of the Term B-2 Loans (including the Incremental Term B-2 Loans) of
          all Term B-2 Lenders outstanding at such time.

        

      

       “Term B-2 Lender” means at any
          time, (a) on or prior to the First Amendment Effective Date, any Lender that has a Term B-2 Commitment at such time and (b) at any time after the First Amendment Effective Date, any Lender that holds Term B-2 Loans at such time.

        

      

      “Term B-2 Loan” means an advance
          made by any Term B-2 Lender under the Term B-2 Facility.

        

      

      “Term Borrowing” means either a
          Term A-1 Borrowing, Term A-2 Borrowing, Term A-3 Borrowing, Term B-1 Borrowing or Term B-2 Borrowing or a borrowing of any term loan established pursuant to an Additional Credit Extension Amendment.

        

      “Term Commitment” means either a
          Term A-1 Commitment, Term A-2 Commitment, Term A-3 Commitment, Term B-1 Commitment or Term B-2 Commitment or any term loan commitment established pursuant to an Additional Credit Extension Amendment.

        

      

      “Term Facilities” means, at any
          time, the Term A-1 Facility, the Term A-2 Facility, Term A-3 Facility, the Term B-1 Facility, the Term B-2 Facility and any term loan credit facilities established pursuant to an Additional Credit Extension Amendment.

        

      

      
        - 55 -

        
          

      

      “Term Lender” means, at any
          time, a Term A-1 Lender, a Term A-2 Lender, a Term A-3 Lender, a Term B-1 Lender, a Term B-2 Lender or any other Lender that holds Term Loans at such time.

        

      

      “Term Loan” means a Term A-1
          Loan, Term A-2 Loan, Term A-3 Loan, Term B-1 Loan or a Term B-2 Loan or any term loan established pursuant to an Additional Credit Extension Amendment.

       

       “Term Loan Springing Maturity Date”
          means April 1, 2023.

       

       “Term Note” means a promissory
          note made by the Company in favor of a Term Lender evidencing Term Loans made by such Term Lender, substantially in the form of Exhibit C‐1.

       

       “Test Period” means, as of any
          date of determination, the last period of four fiscal quarters of the Company for which financial statements shall have been (or were required to have been) delivered in accordance with Section 6.01(a) or (b).

       

       “Third Amendment” means that
          certain Third Amendment to the Credit Agreement, dated as of January 17, 2018, by and among the Borrowers, the Administrative Agent and the Lenders party thereto.

        

      

      “Third Amendment Assignment”
          means an assignment of Term B-2 Loans by a Non-Consenting Lender (as defined in the Third Amendment) to the Purchasing Term Lender (as defined in the Third Amendment) on the Third Amendment Effective Date pursuant to Section 10.13(d).

        

      

      “Third Amendment Effective Date”
          has the meaning assigned to such term in the Third Amendment.

        

      

      “Threshold Amount” means
          $30,000,000.

       

       “Title Company” has the meaning
          assigned to such term in Section 6.13(c)(ii).

       

       “Total Outstandings” means the
          aggregate Outstanding Amount of all Loans and all L/C Obligations.

        

      

      “Total Revolving Credit Outstandings”
          means the aggregate Outstanding Amount of all Revolving Credit Loans, Swing Line Loans and L/C Obligations.

        

      

      “Tranche A 2019 Incremental Term A-3 Commitment” has the meaning assigned to such term in the Fifth Amendment.

        

      

      “Tranche A 2019 Incremental Term A-3 Lender” has the meaning assigned to such term in the Fifth Amendment.

       

       “Tranche A 2019 Incremental Term A-3 Loans” has the meaning assigned to such term in the Fifth Amendment.

       

       “Tranche A Fifth Amendment Effective Date” has the meaning assigned to such term in the Fifth Amendment.

       

       “Transactions” means, collectively, (a) the consummation of EFS Acquisition and other related transactions contemplated by the Acquisition Agreement, (b) the
          Refinancing, (c) the consummation of the Equity Issuance, (d) the entering into of this Agreement and the other Loan Documents and initial Credit Extensions on the Closing Date and (e) the payment of all fees and expenses in connection with the
          foregoing.

       

      
        - 56 -

        
          

      

       

      “Treaty Lender” means a Lender
          which:

        

      

      (a)            is treated as a resident of a Treaty State for the purposes of a Treaty with the United Kingdom; and

       

       (b)            does not carry on a business in the United Kingdom through a permanent establishment with which that Lender’s participation in the Loan is effectively connected.

        

      

      “Treaty State” means a
          jurisdiction having a double taxation agreement (a “Treaty”) with the United Kingdom which makes provision for full exemption from tax, or a reduction in
          tax, imposed by the United Kingdom on interest.

        

      

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

       

       “UCC” means the Uniform
          Commercial Code as in effect from time to time in the State of New York; provided, however, that, at any time, if by reason of mandatory provisions of law, any or all of the perfection or priority of any Secured Party’s security interest in any item or portion of the Collateral is governed by the Uniform
          Commercial Code as in effect in a jurisdiction other than the State of New York, the term “UCC” shall mean the Uniform Commercial Code as in effect, at such time, in such other jurisdiction for purposes of the provisions hereof relating to such
          perfection or priority and for purposes of definitions relating to such provisions.

        

      

      “Unfunded Pension Liability”
          means the excess of a Pension Plan’s benefit liabilities under Section 4001(a)(16) of ERISA, over the current value of that Pension Plan’s assets, determined in accordance with the assumptions used for funding the Pension Plan pursuant to Section 412 of the Code for the applicable plan
          year.

        

      

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

        

      

      “Unreimbursed Amount” has the
          meaning specified in Section 2.03(c)(i).

       

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

       

       “U.S. IP Security Agreements”
          has the meaning specified in Section 4.01(a)(iv).

       

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

       

       “U.S. Security Agreement” means
          a security agreement, in substantially the form of Exhibit I (together with each other security agreement and security agreement supplement delivered
          pursuant to Section 6.13(a), duly executed by each applicable Loan Party).

        

      

      “U.S. Tax Compliance Certificate”
          has the meaning specified in Section 3.01(e)(ii)(B)(III).

       

      
        - 57 -

        
          

      

       

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

        

      

      “WES” means WEX Europe Services
          Limited, a private company limited by shares incorporated under the Laws of England and Wales with registered number 08284241.

        

      

      “WES Entity” means WES or any
          direct or indirect Subsidiary thereof.

        

      

      “WES Stock Pledge Documents”
          means each agreement executed and delivered to the Administrative Agent for the benefit of the Secured Parties under Section 6.13(h) pursuant to which the
          Equity Interests of a WES Stock Pledge Subsidiary are pledged to the Administrative Agent for the benefit of the Secured Parties to secure the Foreign Obligations as provided for therein.

        

      

      “WES Stock Pledge Subsidiary”
          means a Subsidiary of WES designated as such pursuant to Section 6.13(g).

        

      

      “WEX Bank” means WEX Bank, a
          Utah industrial bank.

        

      

      “WEX International Holdings”
          means Wright Express International Holdings Limited, a private company limited by shares incorporated under the Laws of England and Wales with registered number 08008714.

        

      

      “Wholly-Owned” means, with
          respect to any Subsidiary of any Person, the ownership all of the outstanding Equity Interests of such Subsidiary (other than directors’ qualifying shares) by such Person or one or more Wholly-Owned Subsidiaries of such Person.

        

      

      “Write-Down and Conversion Powers”
          means, with respect to any EEA Resolution Authority, the write-down and conversion powers of such EEA Resolution Authority from time to time under the Bail-In Legislation for the applicable EEA Member Country, which write-down and conversion
          powers are described in the EU Bail-In Legislation Schedule.

        

      

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

       

      (a)            The definitions of terms herein shall apply equally to the singular and plural forms of the terms defined.  Whenever the context may require, any pronoun shall include the
          corresponding masculine, feminine and neuter forms.  The words “include,” “includes”
          and “including” shall be deemed to be followed by the phrase “without
              limitation.”  The word “will” shall be construed to have the same meaning and effect as the word “shall.”  Unless the context requires otherwise, (i) any definition of or reference to any agreement, instrument or other document (including any Organization Document) shall be construed as
          referring to such agreement, instrument or other document as from time to time amended, supplemented or otherwise modified (subject to any restrictions on such amendments, supplements or modifications set forth herein or in any other Loan
          Document), (ii) any reference herein to any Person shall be construed to include such Person’s successors and assigns, (iii) the words “herein,” “hereof” and “hereunder,” and words of similar import when used in
          any Loan Document, shall be construed to refer to such Loan Document in its entirety and not to any particular provision thereof, (iv) all references in a Loan Document to Articles, Sections, Exhibits and Schedules shall be construed to refer to
          Articles and Sections of, and Exhibits and Schedules to, the Loan Document in which such references appear, (v) any reference to any law shall include all statutory and regulatory provisions consolidating, amending, replacing or interpreting such
          law and any reference to any law or regulation shall, unless otherwise specified, refer to such law or regulation as amended, modified or supplemented from time to time, and (vi) 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.

       

      
        - 58 -

        
          

      

      (b)            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.”

       

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

        

      

      1.03            Accounting Terms.

       

      (a)            Generally.  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, applied in a manner consistent with that used in preparing the Historical Financial Statements set forth in clause (a)(x) of the definition thereof, except
          as otherwise specifically prescribed herein.

       

      (b)            Changes in GAAP.  If at any time any change in GAAP would affect the computation of any requirement,
          including any financial ratio, 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.

        

      

      1.04            Rounding.  Any financial ratios required to be maintained by the Company
          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 is expressed herein and rounding the result up or
          down to the nearest number (with a rounding-up if there is no nearest number).

        

      

      1.05            Exchange Rates; Currency Equivalents.

       

      (a)            The Administrative Agent or the L/C Issuer, as applicable, shall determine the Spot Rates as of each Revaluation Date to be used for calculating Dollar Equivalent amounts of Credit Extensions and
          Outstanding Amounts denominated in Alternative Currencies.  Such Spot Rates shall become effective as of such Revaluation Date and shall be the Spot Rates employed in converting any amounts between the applicable currencies until the next
          Revaluation Date to occur.  Except for purposes of financial statements delivered by Loan Parties 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 or the L/C Issuer, as applicable.

       

      
        - 59 -

        
          

      

       

        

      (b)            Wherever in this Agreement in connection with a Revolving Credit Borrowing, conversion, continuation or prepayment of a Eurocurrency Rate Loan or the issuance, amendment or extension of a Letter of
          Credit, an amount, such as a required minimum or multiple amount, is expressed in Dollars, but such Revolving Credit Borrowing, Eurocurrency Rate Loan or Letter of Credit 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 or the L/C Issuer, as the case may be.

        

      

      1.06            Additional Alternative Currencies.

       

      (a)            The Company may from time to time request that Eurocurrency Rate Loans under the Revolving Credit Facility be made and/or Letters of Credit be issued in a currency other than those specifically
          listed in the definition of “Alternative Currency”; provided that (i) such requested currency is an Eligible Currency and (ii) such requested currency
          shall only be treated as a “LIBOR Quoted Currency” to the extent that there is published LIBOR rate for such currency.  In the case of any such request with respect to the making of Eurocurrency Rate Loans, such request shall be subject to the
          approval of the Administrative Agent and the Revolving Credit Lenders in their sole discretion; and in the case of any such request with respect to the issuance of Letters of Credit, such request shall be subject to the approval of the
          Administrative Agent and the L/C Issuer in their sole discretion.

       

      (b)            Any such request shall be made to the Administrative Agent not later than 11:00 a.m., New York time, 20 Business Days prior to the date of the desired Credit Extension (or such other time or date as
          may be agreed by the Administrative Agent and, in the case of any such request pertaining to Letters of Credit, the L/C Issuer, in its or their sole discretion).  In the case of any such request pertaining to Eurocurrency Rate Loans, the
          Administrative Agent shall promptly notify each Revolving Credit Lender thereof; and in the case of any such request pertaining to Letters of Credit, the Administrative Agent shall promptly notify the L/C Issuer thereof.  Each Revolving Credit
          Lender (in the case of any such request pertaining to Eurocurrency Rate Loans) or the L/C Issuer (in the case of a request pertaining to Letters of Credit) shall notify the Administrative Agent, not later than 11:00 a.m., New York time, ten
          Business Days after receipt of such request whether it consents, in its sole discretion, to the making of Eurocurrency Rate Loans or the issuance of Letters of Credit, as the case may be, in such requested currency.

       

      (c)            Any failure by a Lender or the L/C Issuer, as the case may be, to respond to such request within the time period specified in the preceding sentence shall be deemed to be a refusal by such Lender or
          the L/C Issuer, as the case may be, to permit Eurocurrency Rate Loans to be made or Letters of Credit to be issued in such requested currency.  If the Administrative Agent and all the Appropriate Lenders consent to making Eurocurrency Rate Loans
          in such requested currency and the Administrative Agent and such Lenders reasonably determine that an appropriate interest rate is available to be used for such requested currency, the Administrative Agent shall so notify the Company and (i) the
          Administrative Agent and such Lenders may amend the definition of Eurocurrency Rate for any non-LIBOR Quoted Currency to the extent necessary to add the applicable Eurocurrency Rate for such currency and (ii) to the extent the definition of
          Eurocurrency Rate reflects the appropriate interest rate for such currency or has been amended to reflect the appropriate rate for such currency, such currency shall thereupon be deemed for all purposes to be an Alternative Currency for purposes
          of any Borrowings of Eurocurrency Rate Loans.  If the Administrative Agent and the L/C Issuer consent to the issuance of Letters of Credit in such requested currency, the Administrative Agent shall so notify the Company and (A) the Administrative
          Agent and the L/C Issuer may amend the definition of Eurocurrency Rate for any non-LIBOR Quoted Currency to the extent necessary to add the applicable Eurocurrency Rate for such currency and (B) to the extent the definition of Eurocurrency Rate
          reflects the appropriate interest rate for such currency or has been amended to reflect the appropriate rate for such currency, such currency shall thereupon be deemed for all purposes to be an Alternative Currency, for purposes of any Letter of
          Credit issuances.  If the Administrative Agent shall fail to obtain consent to any request for an additional currency under this Section 1.06, the
          Administrative Agent shall promptly so notify the Company.

       

      
        - 60 -

        
          

      

       

      1.07            Change of Currency.

       

      (a)            Each obligation of the Borrowers 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 Closing
          Date 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 Revolving Credit Borrowing in the currency of such member
          state is outstanding immediately prior to such date, such replacement shall take effect, with respect to such Revolving Credit 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.

        

      

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

        

      

      1.09            Letter of Credit Amounts.  Unless otherwise specified herein, the amount
          of a Letter of Credit at any time shall be deemed to be the Dollar Equivalent of 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 Dollar Equivalent of 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.

       

      
        
          1.10      Limited Condition Transaction.  In connection with any action being
              taken in connection with a Limited Condition Transaction, for purposes of determining compliance with Section 7.11 (solely for purposes of Section 7.11 and delivery of a
                  Specified Acquisition Certificate and not for :(a)determining compliance with any other provision of this Agreement which separately requires compliance
                  with Section 7.11 (or any clause thereof)requires the calculation of any
                  financial ratio or test; or

        

      

       

          

      (b)                        testing availability under baskets set forth in this Agreement (including baskets measured as a percentage of Consolidated EBITDA or
              Consolidated Total Assets),

       

      
        - 61 -

        
          

      

       

      in each case, at the option of the Company (the Company’s election to exercise such option in connection with any Limited Condition Transaction, an “LCT Election”), which LCT Election shall be in writing and delivered to the Administrative Agent, the date of determination of whether any such action is permitted hereunder shall be deemed to be
          the date the definitive agreement for such Limited Condition Transaction is entered into or the date irrevocable notice for such Limited Condition Transaction is given (the “LCT Test Date”), and if, after giving pro forma effect to the Limited Condition Transaction, the Company or any of its Restricted Subsidiaries would have been permitted to take such action on the relevant LCT Test Date in
          compliance with such ratio, such ratiotest, representations, warranties, Defaults or Events of Default or basket, such ratio, test, representations, warranties, Defaults or Events of Default or basket shall be
          deemed to have been complied with.  For the avoidance of doubt, if the Company has made an LCT Election and any of the ratioratios, tests or baskets for which compliance was determined or tested as of the LCT Test Date would have failed to have been satisfied, or any representation or warranty would have been breached, or any Default or Event of Default would have occurred,
              in each case as a result of fluctuations in any such ratio, test or basket, including due to fluctuations in Consolidated EBITDA or Consolidated Total Assets or fluctuations of the target of such Limited Condition
          Transaction, or as a result of the occurrence of any Default or Event of Default or other event,
          in each case at or prior to the consummation of the relevant transaction or action, such ratiobaskets, tests or ratios will not be deemed to have failed to have been satisfied as a result of such fluctuations, such representation or warranty shall not be deemed to have been breached, and (solely for the
              purposes of any Default or Event of Default blocker) such default or event of default shall be deemed not to have occurred.  If the Company has made an LCT Election for any Limited Condition Transaction, then in connection with any
          event or transaction occurring after the relevant LCT Test Date and prior to the earlier of the date on which such Limited Condition Transaction is consummated or the date that the definitive agreement or date for redemption, repurchase, defeasance, satisfaction and discharge or repayment specified in an irrevocable notice for
          such Limited Condition Transaction is terminated, expires or passes, as applicable,
          without consummation of such Limited Condition Transaction, for purposes of determining whether the  ratios havesuch ratio, test or basket availability has been complied with under Section 7.11 as described above, such ratiosthis Agreement, any such ratio, test or basket shall be required to be satisfied on a Pro Forma Basis assuming such Limited Condition Transaction and other transactions in
          connection therewith (including any incurrence of Indebtedness and the use of proceeds thereof) have been consummated.

       

      ARTICLE II

      THE COMMITMENTS AND CREDIT EXTENSIONS

       2.01            The Loans.

       

      (a)            The Term A-1 Borrowing.  Subject to the terms and conditions set forth herein, each Term A-1 Lender
          severally agrees to make a single loan to the Company on the Closing Date in an amount equal to such Term A-1 Lender’s Term A-1 Commitment.  The Term A-1 Borrowing shall consist of Term A-1 Loans made simultaneously by the Term A-1 Lenders in
          accordance with their respective Term A-1 Commitments.  Amounts borrowed under this Section 2.01(a) and repaid or prepaid may not be reborrowed.  Term A-1
          Loans may be Base Rate Loans or Eurocurrency Rate Loans, as further provided herein.

       

      (b)            The Term A-2 Borrowing.  Subject to the terms and conditions set forth herein and in the First Amendment, each Term A-1 Lender agrees to have all of its outstanding Term A-1 Loans converted to an equivalent principal amount of Term A-2 Loans effective as of
            the First Amendment Effective Date. Amounts borrowed under this Section 2.01(b) and repaid or prepaid may not be reborrowed. Term A-2 Loans may be Base Rate Loans or Eurocurrency Rate Loans, as further provided herein.

       

      
        - 62 -

        
          

      

       

        

      (c)            The Term A-3 Borrowing.  Subject to the terms and conditions set forth herein and in the Fourth Amendment, (i) the Additional Term A-3 Lender agrees to make a Term A-3 Loan to the Company on the Fourth Amendment Effective Date in Dollars in a principal amount
            not to exceed its Additional Term A-3 Commitment, (ii) each Converting Consenting Term A-2 Lender agrees to have all of its outstanding Term A-2 Loans (or such lesser amount as notified and allocated to such Converting Consenting Term A-2
            Lender by the Administrative Agent, as determined by the Company and the Administrative Agent in their sole discretion) converted to an equivalent principal amount of Term A-3 Loans effective as of the Fourth Amendment Effective Date and (iii)
            each Non-Converting Consenting Term A-2 Lender agrees to have all of its outstanding Term A-2 Loans prepaid and will purchase by assignment from the Additional Term A-3 Lender Term A-3 Loans in a principal amount equal to the principal amount
            of such Term A-2 Loans (or such lesser amount as notified and allocated to such Non-Converting Consenting Term A-2 Lender by the Administrative Agent, as determined by the Company and the Administrative Agent in their sole discretion). Amounts
            borrowed under this Section 2.01(c)
            and repaid or prepaid may not be reborrowed. Term A-3 Loans may be Base Rate Loans or Eurocurrency Rate Loans, as further provided herein.

       

      (d)            The Term B-1 Borrowing.  Subject to the terms and conditions set forth herein, each Term B-1 Lender
          severally agrees to make a single loan to the Company on the Closing Date in an amount equal to such Term B-1 Lender’s Term B-1 Commitment.  The Term B-1 Borrowing shall consist of Term B-1 Loans made simultaneously by the Term B-1 Lenders in
          accordance with their respective Term B-1 Commitments.  Amounts borrowed under this Section 2.01(d) and repaid or prepaid may not be reborrowed.  Term B-1
          Loans may be Base Rate Loans or Eurocurrency Rate Loans, as further provided herein.

       

      (e)            The Term B-2 Borrowing.  Subject to the terms and conditions set forth herein and in the First Amendment, (i) the Additional Term Lender agrees to make a Term B-2 Loan to the Company on the First Amendment Effective Date in Dollars in a principal amount not
            to exceed its Additional Term B2 Commitment, (ii) each Converting Consenting Term B-1 Lender agrees to have all of its outstanding Term B-1 Loans (or such lesser amount as notified and allocated to such Converting Consenting Term B-1 Lender by
            the Administrative Agent, as determined by the Company and the Administrative Agent in their sole discretion) converted to an equivalent principal amount of Term B-2 Loans effective as of the First Amendment Effective Date and (iii) each
            Non-Converting Consenting Term B-1 Lender agrees to have all of its outstanding Term B-1 Loans prepaid and will purchase by assignment from the Additional Term Lender Term B-2 Loans in a principal amount equal to the principal amount of such
            Term B-1 Loans (or such lesser amount as notified and allocated to such Non-Converting Consenting Term B-1 Lender by the Administrative Agent, as determined by the Company and the Administrative Agent in their sole discretion). Amounts borrowed
            under this Section 2.01(e) and
            repaid or prepaid may not be reborrowed. Term B-2 Loans may be Base Rate Loans or Eurocurrency Rate Loans, as further provided herein.

       

      (f)            The Revolving Credit Borrowings.  Subject to the terms and conditions set forth herein, each Revolving
          Credit Lender severally agrees to make loans (each such loan, a “Revolving Credit Loan”) to the Borrowers in Dollars or in one or more Alternative
          Currencies from time to time, on any Business Day during the Availability Period, in an aggregate amount not to exceed at any time outstanding the amount of such Lender’s Revolving Credit Commitment; provided, however, that after giving effect to any  Revolving Credit Borrowing, (i) the Total Revolving
          Credit Outstandings shall not exceed the Revolving Credit Facility, (ii) the aggregate Outstanding Amount of the Revolving Credit Loans of any Revolving Credit Lender, plus
          such Revolving Credit Lender’s Applicable Revolving Credit Percentage of the Outstanding Amount of all L/C Obligations, plus such Revolving Credit
          Lender’s Applicable Revolving Credit Percentage of the Outstanding Amount of all Swing Line Loans shall not exceed such Revolving Credit Lender’s Revolving Credit Commitment, (iii) the aggregate Outstanding Amount of all Revolving Credit Loans
          made to the Designated Borrowers shall not exceed the Designated Borrower Sublimit and (iv) the aggregate Outstanding Amount of all  Revolving Credit Loans denominated in Alternative Currencies shall not exceed the Alternative Currency Sublimit. 
          Within the limits of each Lender’s Commitment, and subject to the other terms and conditions hereof, the Borrowers may borrow under this Section 2.01(f),
          prepay under Section 2.05, and reborrow under this Section 2.01(f). 

          Revolving Credit Loans may be Base Rate Loans or Eurocurrency Rate Loans, as further provided herein.

       

      
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      2.02            Borrowings, Conversions and Continuations of Loans.

       

      (a)            Each Borrowing (other than pursuant to Sections 2.01(c)(ii) and 2.01(e)(ii)), each conversion of Loans from one Type to the other, and each continuation of Eurocurrency Rate Loans shall be made upon the Company’s irrevocable notice to the
          Administrative Agent, which may be given by (A) telephone or (B) a Loan Notice; provided that any telephonic notice must be confirmed immediately by
          delivery to the Administrative Agent of a Loan Notice.  Each such Loan Notice must be received by the Administrative Agent not later than 12:00 noon (i) three Business Days prior to the requested date of any Borrowing of, conversion to or
          continuation of Eurocurrency Rate Loans denominated in Dollars or of any conversion of Eurocurrency Rate Loans denominated in Dollars to Base Rate Loans, (ii) four Business Days (or five Business Days in the case of a Special Notice Currency) prior

          to the requested date of any Borrowing or continuation of Eurocurrency Rate Loans denominated in Alternative Currencies, and (iii) on the requested date of any Borrowing of Base Rate Loans; provided, however, that if the Company wishes to request Eurocurrency Rate Loans having an Interest Period other
          than one, two, three or six months in duration as provided in the definition of “Interest Period” (a “Special Interest Period”), the applicable notice must
          be received by the Administrative Agent not later than 12:00 noon (i) four Business Days prior to the requested date of such Borrowing, conversion or continuation of Eurocurrency Rate Loans denominated in Dollars, or (ii) five Business Days (or
          six Business Days in the case of a Special Notice Currency) prior to the requested date of such Borrowing, conversion or continuation of Eurocurrency Rate Loans denominated in Alternative Currencies for a Special Interest Period, whereupon the
          Administrative Agent shall give prompt notice to the Lenders of such request and determine whether the requested Special Interest Period is acceptable to all of them.  Not later than 12:00 noon, (i) three Business Days before the requested date
          of such Borrowing, conversion or continuation of Eurocurrency Rate Loans denominated in Dollars, or (ii) four Business Days (or five Business Days in the case of a Special Notice Currency) prior to the requested date of such Borrowing, conversion
          or continuation of Eurocurrency Rate Loans denominated in Alternative Currencies, the Administrative Agent shall notify the Company (which notice may be by telephone) whether or not the requested Special Interest Period has been consented to by
          all the Lenders.  Each Borrowing of, conversion to or continuation of Eurocurrency Rate Loans shall be in a principal amount of $5,000,000 or a whole multiple of $1,000,000 in excess thereof.  Except as provided in Section 2.03(c) and Section 2.04(c), each Borrowing of or conversion to Base Rate Loans
          shall be in a principal amount of $500,000 or a whole multiple of $100,000 in excess thereof.  Each Loan Notice shall specify (i) whether the Company is requesting a Term A-1 Borrowing, a Term A-2 Borrowing, a Term A-3 Borrowing, a Term B-1
          Borrowing, a Term B-2 Borrowing, a Revolving Credit Borrowing or a Borrowing of any other Class of Loans, a conversion of Term Loans or Revolving Credit Loans from one Type to the other, or a continuation of Eurocurrency Rate Loans, (ii) the
          requested date of the Borrowing, conversion or continuation, as the case may be (which shall be a Business Day), (iii) the principal amount of Loans to be borrowed, converted or continued, (iv) the Type of Loans to be borrowed or to which
          existing Loans are to be converted, (v) if applicable, the duration of the Interest Period with respect thereto, (vi) the currency of the Revolving Credit Loans to be borrowed, and (vii) if applicable, the Designated Borrower.  If the Company
          fails to specify a currency in a Loan Notice requesting a Borrowing, then the Revolving Credit Loans so requested shall be made in Dollars.  If the Company fails to specify a Type of Loan in a Loan Notice or if the Company fails to give a timely
          notice requesting a conversion or continuation, then the applicable Term Loans or Revolving Credit Loans shall be made as, or converted to, Base Rate Loans; provided,
          however, that in the case of a failure to timely request a continuation of Revolving Credit Loans denominated in an Alternative Currency, such Loans shall
          be continued as Eurocurrency Rate Loans in their original currency with an Interest Period of one month.  Any automatic conversion to Base Rate Loans shall be effective as of the last day of the Interest Period then in effect with respect to the
          applicable Eurocurrency Rate Loans.  If the Company requests a Borrowing of, conversion to, or continuation of Eurocurrency Rate Loans in any such Loan Notice, but fails to specify an Interest Period, it will be deemed to have specified an
          Interest Period of one month (except in the case of the initial Interest Period for the Term A-3 Loans, the Tranche A 2019 Incremental Term A-3 Loans and Term B-2 Loans, which shall each be determined in accordance with the definition of Interest Period).  Notwithstanding anything to the contrary herein, (i) a Swing Line Loan may not be converted to a Eurocurrency
          Rate Loan, (ii) Term Loans shall at all times be maintained in Dollars and (iii) no Revolving Credit Loan may be converted into or continued as a Revolving Credit Loan denominated in a different currency, but instead must be prepaid in the
          original currency of such Revolving Credit Loan and reborrowed in the other currency.

       

      
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      (b)            Following receipt of a Loan Notice, the Administrative Agent shall promptly notify each Lender of the amount (and, in the case of Revolving Credit Loans, currency) of its Applicable Percentage under
          the applicable Facility of the applicable Term Loans or Revolving Credit Loans, and if no timely notice of a conversion or continuation is provided by the Borrowers, the Administrative Agent shall notify each Lender of the details of any
          automatic conversion to Base Rate Loans, or continuation of Revolving Credit Loans denominated in a currency other than Dollars, in each case described in Section
              2.02(a).  In the case of a Term Borrowing or a Revolving Credit Borrowing, each Appropriate Lender shall make the amount of its Loan available to the Administrative Agent in Same Day Funds at the Administrative Agent’s Office for
          the applicable currency not later than 2:00 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 Revolving Credit Loan in an Alternative Currency, in
          each case on the Business Day specified in the applicable Loan Notice.  Upon satisfaction of the applicable conditions set forth in Section 4.02 (and, if
          such Borrowing is the initial Credit Extension to the Specified Designated Borrower, Section 4.03), the Administrative Agent shall make all funds so
          received available to the Company or the other applicable Borrower not later than 5:00 p.m. on the Business Day specified in the Loan Notice in like funds as received by the Administrative Agent either by (i) crediting the account of such
          Borrower on the books of Bank of America with the amount of such funds or (ii) wire transfer of such funds, in each case in accordance with instructions provided to (and reasonably acceptable to) the Administrative Agent by the Company; provided, however, that if, on the date that a Loan Notice with
          respect to a Borrowing of Revolving Credit Loans denominated in Dollars is given by the Company, there are L/C Borrowings outstanding, then the proceeds of such Borrowing, first, shall be applied to the payment in full of any such L/C Borrowings, and, second, shall be made available to the applicable
          Borrower as provided above.

       

      (c)            During the existence of a Default, no Loans denominated in Dollars may be requested as, converted or continued as, Eurocurrency Rate Loans, and no Loans denominated in any Alternative Currency may be
          requested (but Loans denominated in an Alternative Currency may be converted or continued) as Eurocurrency Rate Loans, without the consent of the Required Lenders, and during the existence of an Event of Default, the Required Lenders may demand
          that any or all of the then outstanding Eurocurrency Rate Loans denominated in an Alternative Currency be prepaid, or redenominated into Dollars in the amount of the Dollar Equivalent thereof, on the last day of the then current Interest Period
          with respect thereto.

       

      (d)            The Administrative Agent shall promptly notify the Company and the Lenders of the interest rate applicable to any Interest Period for Eurocurrency Rate Loans upon determination of such interest
          rate.  At any time that Base Rate Loans are outstanding, the Administrative Agent shall notify the Company and the Lenders of any change in Bank of America’s “prime rate” used in determining the Base Rate promptly following the public
          announcement of such change.

       

      
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      (e)            After giving effect to all Term A-1 Borrowings, Term A-2 Borrowings and Term A-3 Borrowings, all conversions of Term A-1 Loans, Term A-2 Loans and Term A-3 Loans from one Type to the other, and all
          continuations of Term A-1 Loans, Term A-2 Loans and Term A-3 Loans as the same Type, there shall not be more than two Interest Periods in effect in respect of the Term A-1 Facility, Term A-2 Facility and Term A-3 Facility.  After giving effect to
          all Term B-1 Borrowings and Term B-2 Borrowings, all conversions of Term B-1 Loans and Term B-2 Loans from one Type to the other, and all continuations of Term B-1 Loans and Term B-2 Loans as the same Type, there shall not be more than two
          Interest Periods in effect in respect of the Term B-1 Facility and Term B-2 Facility.  After giving effect to all Revolving Credit Borrowings, all conversions of Revolving Credit Loans from one Type to the other, and all continuations of
          Revolving Credit Loans as the same Type, there shall not be more than eight Interest Periods in effect in respect of the Revolving Credit Facility.  For the avoidance of doubt, (i) all Term B-2 Loans made on the First Amendment Effective Date and
          all Term B-2 Loans converted from Term B-1 Loans on the First Amendment Effective Date shall be of the same Type and have the same initial Interest Period as set forth in clause (v) of the definition of “Interest Period” herein and (ii) all Term
          A-3 Loans made on the Fourth Amendment Effective Date and all Term A-3 Loans converted from Term A-2 Loans on the Fourth Amendment Effective Date shall be of the same Type and have the same initial Interest Period as set forth in clause (vii) of
          the definition of “Interest Period” herein.

        

      

      2.03            Letters of Credit.

       

      (a)            The Letter of Credit Commitment.

       

      (i)                        Subject to the terms and conditions set forth herein, (A) the L/C Issuer agrees, in reliance upon the agreements of
          the Lenders set forth in this Section 2.03, (1) from time to time on any Business Day during the period from the Closing Date until the Letter of
          Credit Expiration Date, to issue Letters of Credit denominated in Dollars or in one or more Alternative Currencies for the account of the Company or its Subsidiaries, and to amend or extend Letters of Credit previously issued by it, in accordance
          with subsection (b) below, and (2) to honor drawings under the Letters of Credit; and (B) the Revolving Credit Lenders severally agree to participate in Letters of Credit issued for the account of the Company or its Subsidiaries and any drawings
          thereunder; provided that after giving effect to any L/C Credit Extension with respect to any Letter of Credit, (x) the Total Revolving Credit
          Outstandings shall not exceed the Revolving Credit Facility, (y) the aggregate Outstanding Amount of the Revolving Credit Loans of any Revolving Credit Lender, plus
          such Revolving Credit Lender’s Applicable Revolving Credit Percentage of the Outstanding Amount of all L/C Obligations, plus such Lender’s
          Applicable Revolving Credit Percentage of the Outstanding Amount of all Swing Line Loans  shall not exceed such Lender’s Revolving Credit Commitment, and (z) the Outstanding Amount of the L/C Obligations shall not exceed the Letter of Credit
          Sublimit.  Each request by the Company for the issuance or amendment of a Letter of Credit shall be deemed to be a representation by the Company that the L/C Credit Extension so requested complies with the conditions set forth in the provisos to
          the preceding sentence.  Within the foregoing limits, and subject to the terms and conditions hereof, the Company’s ability to obtain Letters of Credit shall be fully revolving, and accordingly the Company may, during the foregoing period, obtain
          Letters of Credit to replace Letters of Credit that have expired or that have been drawn upon and reimbursed.  All Existing Letters of Credit shall be deemed to have been issued pursuant hereto, and from and after the Closing Date shall be
          subject to and governed by the terms and conditions hereof.

       

      
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      (ii)                        The L/C Issuer shall not issue any Letter of Credit, if:

       

      (A)            subject to Section 2.03(b)(iii), the expiry date of such requested Letter of Credit
          would occur more than twelve months after the date of issuance or last extension, unless the Required Revolving Credit Lenders have approved such expiry date; or

       

      (B)            the expiry date of such requested Letter of Credit would occur after the Letter of Credit Expiration Date, unless all the Revolving Credit Lenders have approved such expiry
          date.

       

      (iii)                        The L/C Issuer shall not be under any obligation to issue any Letter of Credit if:

       

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

       

      (B)            the issuance of such Letter of Credit would violate one or more policies of the L/C Issuer applicable to letters of credit generally;

       

      (C)            except as otherwise agreed by the Administrative Agent and the L/C Issuer, such Letter of Credit is in an initial stated amount less than $500,000;

       

      (D)            except as otherwise agreed by the Administrative Agent and the L/C Issuer, such Letter of Credit is to be denominated in a currency other than Dollars or an Alternative
          Currency;

       

      (E)            the L/C Issuer does not as of the issuance date of such requested Letter of Credit issue Letters of Credit in the requested currency;

       

      (F)            such Letter of Credit contains any provisions for automatic reinstatement of the stated amount after any drawing thereunder; or

       

      (G)            a default of any Revolving Credit Lender’s obligations to fund under Section 2.03(c)
          exists or any Revolving Credit Lender is at that time a Defaulting Lender, unless the L/C Issuer has entered into arrangements, including the delivery of Cash Collateral, satisfactory to the L/C Issuer (in its sole discretion) with the Borrowers
          or such Lender to eliminate the L/C Issuer’s actual or potential Fronting Exposure (after giving effect to Section 2.15(a)(iv)) with respect to the
          Defaulting Lender arising from either the Letter of Credit then proposed to be issued or that Letter of Credit and all other L/C Obligations as to which the L/C Issuer has actual or potential Fronting Exposure, as it may elect in its sole
          discretion.

       

      (iv)                        The L/C Issuer shall not amend any Letter of Credit if the L/C Issuer would not be permitted at such time to issue
          such Letter of Credit in its amended form under the terms hereof.

       

      (v)                        The L/C Issuer shall be under no obligation to amend any Letter of Credit if (A) the L/C Issuer would have no
          obligation at such time to issue such Letter of Credit in its amended form under the terms hereof, or (B) the beneficiary of such Letter of Credit does not accept the proposed amendment to such Letter of Credit.

       

        

      
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      (vi)                        The L/C Issuer shall act on behalf of the Revolving Credit Lenders with respect to any Letters of Credit issued by it
          and the documents associated therewith, and the L/C Issuer shall have all of the benefits and immunities (A) provided to the Administrative Agent in Article
              IX with respect to any acts taken or omissions suffered by the L/C Issuer in connection with Letters of Credit issued by it or proposed to be issued by it and Issuer Documents pertaining to such Letters of Credit as fully as if the
          term “Administrative Agent” as used in Article IX included the L/C Issuer with respect to such acts or omissions, and (B) as additionally provided
          herein with respect to the L/C Issuer.

       

      (b)            Procedures for Issuance and Amendment of Letters of Credit; Auto-Extension Letters of Credit.

       

      (i)                        Each Letter of Credit shall be issued or amended, as the case may be, upon the request of the Company delivered to the
          L/C Issuer (with a copy to the Administrative Agent) in the form of a Letter of Credit Application, appropriately completed and signed by a Responsible Officer of the Company.  Such Letter of Credit Application must be received by the L/C Issuer
          and the Administrative Agent not later than 11:00 a.m. at least two Business Days (or such later date and time as the Administrative Agent and the L/C Issuer may agree in a particular instance in their sole discretion) prior to the proposed
          issuance date or date of amendment, as the case may be.  In the case of a request for an initial issuance of a Letter of Credit, such Letter of Credit Application shall specify in form and detail satisfactory to the L/C Issuer:  (A) the proposed
          issuance date of the requested Letter of Credit (which shall be a Business Day); (B) the amount and currency thereof; (C) the expiry date thereof; (D) the name and address of the beneficiary thereof; (E) the documents to be presented by such
          beneficiary in case of any drawing thereunder; (F) the full text of any certificate to be presented by such beneficiary in case of any drawing thereunder; (G) the purpose and nature of the requested Letter of Credit; and (H) such other matters as
          the L/C Issuer may require.  In the case of a request for an amendment of any outstanding Letter of Credit, such Letter of Credit Application shall specify in form and detail satisfactory to the L/C Issuer (A) the Letter of Credit to be amended;
          (B) the proposed date of amendment thereof (which shall be a Business Day); (C) the nature of the proposed amendment; and (D) such other matters as the L/C Issuer may require.  Additionally, the Company shall furnish to the L/C Issuer and the
          Administrative Agent such other documents and information pertaining to such requested Letter of Credit issuance or amendment, including any Issuer Documents, as the L/C Issuer or the Administrative Agent may require.

       

      (ii)                        Promptly after receipt of any Letter of Credit Application, the L/C Issuer will confirm with the Administrative Agent
          (by telephone or in writing) that the Administrative Agent has received a copy of such Letter of Credit Application from the Company and, if not, the L/C Issuer will provide the Administrative Agent with a copy thereof.  Unless the L/C Issuer has
          received written notice from any Lender, the Administrative 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 applicable conditions
          contained in Article IV shall not then be satisfied, then, subject to the terms and conditions hereof, the L/C Issuer shall, on the requested
          date, issue a Letter of Credit for the account of the Company (or the applicable Subsidiary) or enter into the applicable amendment, as the case may be, in each case in accordance with the L/C Issuer’s usual and customary business practices. 
          Immediately upon the issuance of each Letter of Credit, each Revolving Credit Lender shall be deemed to, and hereby irrevocably and unconditionally agrees to, purchase from the L/C Issuer a risk participation in such Letter of Credit in an amount
          equal to the product of such Revolving Credit Lender’s Applicable Revolving Credit Percentage for the Revolving Credit Facility times the amount
          of such Letter of Credit.

       

      
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        (iii)    If the Company so requests in any applicable Letter of Credit Application, the L/C Issuer may, in its sole
      and absolute 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 the L/C Issuer 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 L/C Issuer, the Company shall not be required to make a specific request to the L/C Issuer for any such extension.  Once
      an Auto-Extension Letter of Credit has been issued, the Revolving Credit Lenders shall be deemed to have authorized (but may not require) the L/C Issuer to permit the extension of such Letter of Credit at any time to an expiry date not later than the
      Letter of Credit Expiration Date; provided, however, that the L/C
      Issuer shall not permit any such extension if (A) the L/C Issuer 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 (by
      reason of the provisions of clause (ii) or (iii) of Section 2.03(a) or otherwise), 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 Administrative Agent that the Required Revolving Credit Lenders have elected not to permit such extension or (2) from the Administrative Agent, any
      Revolving Credit Lender or the Company that one or more of the applicable conditions specified in Section 4.02 is not then satisfied, and in each such case
      directing the L/C Issuer not to permit such extension.

        (iv)     Promptly after its delivery of any Letter of Credit or any amendment to a Letter of Credit to an advising bank with respect thereto or to the beneficiary thereof, the L/C Issuer will also deliver to the
      Company and the Administrative Agent a true and complete copy of such Letter of Credit or amendment.

     

    

        (a)     Drawings and Reimbursements; Funding of Participations.

     

    

        (i)      Upon receipt from the beneficiary of any Letter of Credit of any notice of a drawing under such Letter of
      Credit, the L/C Issuer shall notify the Company and the Administrative Agent thereof.  In the case of a Letter of Credit denominated in an Alternative Currency, the Company shall reimburse the L/C Issuer in such Alternative Currency, unless (A) the
      L/C Issuer (at its option) shall have specified in such notice that it will require reimbursement in Dollars, or (B) in the absence of any such requirement for reimbursement in Dollars, the Company shall have notified the L/C Issuer promptly
      following receipt of the notice of drawing that the Company will reimburse the L/C Issuer in Dollars.  In the case of any such reimbursement in Dollars of a drawing under a Letter of Credit denominated in an Alternative Currency, the L/C Issuer shall
      notify the Company of the Dollar Equivalent of the amount of the drawing promptly following the determination thereof.  Not later than 11:00 a.m. on the date of any payment by the L/C Issuer under a Letter of Credit to be reimbursed in Dollars, or
      the Applicable Time on the date of any payment by the L/C Issuer under a Letter of Credit to be reimbursed in an Alternative Currency (each such date, an “Honor Date”), the Company shall reimburse the L/C Issuer through the Administrative
      Agent in an amount equal to the amount of such drawing and in the applicable currency.  In the event that (A) a drawing denominated in an Alternative Currency is to be reimbursed in Dollars pursuant to the second sentence in this Section
        2.03(c)(i) and (B) the Dollar amount paid by the Company, whether on or after the Honor Date, shall not be adequate on the date of that payment to purchase in accordance with normal banking procedures a sum denominated in the Alternative
      Currency equal to the drawing, the Company agrees, as a separate and independent obligation, to indemnify the L/C Issuer for the loss resulting from its inability on that date to purchase the Alternative Currency in the full amount of the drawing. 
      If the Company fails to so reimburse the L/C Issuer by such time, the Administrative Agent shall promptly notify each Revolving Credit Lender of the Honor Date, the amount of the unreimbursed drawing (expressed in Dollars in the amount of the Dollar
      Equivalent thereof in the case of a Letter of Credit denominated in an Alternative Currency) (the “Unreimbursed Amount”), and the amount of such Revolving Credit Lender’s Applicable Revolving Credit Percentage thereof.  In such event, the
      Company shall be deemed to have requested a Revolving Credit Borrowing of Base Rate Loans to be disbursed on the Honor Date in an amount equal to the Unreimbursed Amount, without regard to the minimum and multiples specified in Section 2.02
      for the principal amount of Base Rate Loans, but subject to the amount of the unutilized portion of the Revolving Credit Facility and the conditions set forth in Section 4.02 (other than the delivery of a Loan Notice).  Any notice given by
      the L/C Issuer or the Administrative Agent pursuant to this Section 2.03(c)(i) may be given by telephone if immediately confirmed in writing; provided that the lack of such an immediate confirmation shall not affect the conclusiveness or
      binding effect of such notice.

     

    

    
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        (ii)      Each Revolving Credit Lender shall upon any notice pursuant to Section 2.03(c)(i) make funds
      available to the Administrative Agent for the account of the L/C Issuer, in Dollars, at the Administrative Agent’s Office for Dollar-denominated payments in an amount equal to its Applicable Revolving Credit Percentage of the Unreimbursed Amount not
      later than 1:00 p.m. on the Business Day specified in such notice by the Administrative Agent, whereupon, subject to the provisions of Section 2.03(c)(iii), each Revolving Credit Lender that so makes funds available shall be deemed to have
      made a Base Rate Revolving Credit Loan to the Company in such amount.  The Administrative Agent shall remit the funds so received to the L/C Issuer in Dollars.  

     

    

        (iii)     With respect to any Unreimbursed Amount that is not fully refinanced by a Revolving Credit Borrowing of Base Rate Loans because the conditions set forth in Section 4.02 cannot be satisfied or for any other
      reason, the Company shall be deemed to have incurred from the L/C Issuer an L/C Borrowing in the amount of the Unreimbursed Amount that is not so refinanced, which L/C Borrowing shall be due and payable on demand (together with interest) and shall
      bear interest at the Default Rate.  In such event, each Revolving Credit Lender’s payment to the Administrative Agent for the account of the L/C Issuer pursuant to Section 2.03(c)(ii) shall be deemed payment in respect of its participation in
      such L/C Borrowing and shall constitute an L/C Advance from such Lender in satisfaction of its participation obligation under this Section 2.03.

     

    

        (iv)        Until each Revolving Credit Lender funds its Revolving Credit Loan or L/C Advance pursuant to this Section 2.03(c) to reimburse the L/C Issuer for any amount drawn under any Letter of Credit,
      interest in respect of such Revolving Credit Lender’s Applicable Revolving Credit Percentage of such amount shall be solely for the account of the L/C Issuer.

     

    

        (v)      Each Revolving Credit Lender’s obligation to make Revolving Credit Loans or L/C Advances to reimburse the
      L/C Issuer for amounts drawn under Letters of Credit, as contemplated by this Section 2.03(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 L/C Issuer, the Company, any Subsidiary 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 Revolving Credit Lender’s obligation to make Revolving Credit Loans pursuant to this Section 2.03(c) is subject to the conditions set forth in Section 4.02
      (other than delivery by the Company of Loan Notice).  No such making of an L/C Advance shall relieve or otherwise impair the obligation of the Company to reimburse the L/C Issuer for the amount of any payment made by the L/C Issuer under any Letter
      of Credit, together with interest as provided herein.

    
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        (vi)     If any Revolving Credit Lender fails to make available to the Administrative Agent for the account of the L/C Issuer any amount required to be paid by such Revolving Credit Lender pursuant to the
      foregoing provisions of this Section 2.03(c) by the time specified in Section 2.03(c)(ii), the L/C Issuer 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 L/C Issuer at a rate per annum equal to the applicable Overnight Rate from time to time in effect, plus any
      administrative, processing or similar fees customarily charged by the L/C Issuer 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
      Lender’s Revolving Credit Loan included in the relevant Revolving Credit Borrowing or L/C Advance in respect of the relevant L/C Borrowing, as the case may be.  A certificate of the L/C Issuer submitted to any Revolving Credit Lender (through the
      Administrative Agent) with respect to any amounts owing under this Section 2.03(c) shall be conclusive absent manifest error.

     

    

        (b)     Repayment of Participations.

     

    

        (i)      At any time after the L/C Issuer has made a payment under any Letter of Credit and has received from any
      Revolving Credit Lender such Revolving Credit Lender’s L/C Advance in respect of such payment in accordance with Section 2.03(c), if the Administrative Agent receives for the account of the L/C Issuer any payment in respect of the related
      Unreimbursed Amount or interest thereon (whether directly from the Company or otherwise, including proceeds of Cash Collateral applied thereto by the Administrative Agent), the Administrative Agent will distribute to such Revolving Credit Lender its
      Applicable Revolving Credit Percentage thereof in Dollars and in the same funds as those received by the Administrative Agent.

     

    

          (ii)      If any payment received by the Administrative Agent for the
      account of the L/C Issuer pursuant to Section 2.03(c)(i) is required to be returned under any of the circumstances described in Section 10.05 (including pursuant to any settlement entered into by the L/C Issuer in its discretion), each
      Revolving Credit Lender shall pay to the Administrative Agent for the account of the L/C Issuer its Applicable Revolving Credit Percentage thereof on demand of the Administrative Agent, plus interest thereon from the date of such demand to the date
      such amount is returned by such Revolving Credit Lender, at a rate per annum equal to the applicable Overnight Rate from time to time in effect.  The obligations of the Revolving Credit Lenders under this clause shall survive the payment in full of
      the Obligations and the termination of this Agreement.

     

    

        (c)     Obligations Absolute.  The obligation of the Company to reimburse the L/C Issuer for each drawing under each
      Letter of Credit and to repay each L/C Borrowing shall be absolute, unconditional and irrevocable, and shall be paid strictly in accordance with the terms of this Agreement under all circumstances, including the following:

     

    

    
      (i) any lack of validity or enforceability of such Letter of Credit, this Agreement, or any other Loan Document;

      (ii) the existence of any claim, counterclaim, setoff, defense or other right that the Company or any Subsidiary may have at any
          time against any beneficiary or any transferee of such Letter of Credit (or any Person for whom any such beneficiary or any such transferee may be acting), the L/C Issuer or any other Person, whether in connection with this Agreement, the
          transactions contemplated hereby or by such Letter of Credit or any agreement or instrument relating thereto, or any unrelated transaction;

      (iii) any draft, demand, certificate or other document presented under such 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; or any loss or delay in the transmission or otherwise of any document required in order to make a drawing under such Letter of
          Credit;

      
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      (iv) any payment by the L/C Issuer under such Letter of Credit against presentation of a draft or certificate that does not
          strictly comply with the terms of such Letter of Credit; or any payment made by the L/C Issuer under such Letter of Credit to any Person purporting to be a trustee in bankruptcy, debtor-in-possession, assignee for the benefit of creditors,
          liquidator, receiver or other representative of or successor to any beneficiary or any transferee of such Letter of Credit, including any arising in connection with any proceeding under any Debtor Relief Law;

      (v) any adverse change in the relevant exchange rates or in the availability of the relevant Alternative Currency to the Company
          or any Subsidiary or in the relevant currency markets generally; or

      (vi) 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 Company or any Subsidiary;

    

    provided that the foregoing shall not excuse
      the L/C Issuer from liability to the Company or any of its Subsidiaries to the extent of direct damages (as opposed to consequential damages) suffered by the Company or any of its Subsidiaries that are caused by the L/C Issuer’s bad faith, gross
      negligence or willful misconduct.

     The

        Company shall promptly examine a copy of each Letter of Credit and each amendment thereto that is delivered to it and, in the event of any claim of noncompliance with the Company’s instructions or other irregularity, the Company will immediately notify the L/C Issuer.  The Company shall be conclusively deemed to have waived any such claim against the L/C Issuer and its correspondents unless
        such notice is given as aforesaid.

    (f) Role of L/C Issuer.  Each Lender and the Company agree
        that, in paying any drawing under a Letter of Credit, the L/C Issuer shall not have any responsibility to obtain any document (other than any sight draft, certificates and documents expressly required by the Letter of Credit) or to ascertain or
        inquire as to the validity or accuracy of any such document or the authority of the Person executing or delivering any such document.  None of the L/C Issuer, the Administrative Agent, any of their respective Related Parties nor any correspondent,
        participant or assignee of the L/C Issuer shall be liable to any Lender for (i) any action taken or omitted in connection herewith at the request or with the approval of the Lenders, the Required Lenders, the Revolving Credit Lenders or the
        Required Revolving Credit Lenders, as applicable; (ii) any action taken or omitted in the absence of gross negligence or willful misconduct; or (iii) the due execution, effectiveness, validity or enforceability of any document or instrument related
        to any Letter of Credit or Issuer Document.  The Company hereby assumes all risks of the acts or omissions of any beneficiary or transferee with respect to its use of any Letter of Credit; provided, however, that this assumption is not intended to, and shall not, preclude the Company’s pursuing such rights and remedies as it may have against the beneficiary or transferee at law or under any other agreement.  None of the L/C Issuer,
        the Administrative Agent, any of their respective Related Parties nor any correspondent, participant or assignee of the L/C Issuer shall be liable or responsible for any of the matters described in clauses (i) through (v) of Section 2.03(e); provided, however, that anything in such clauses to the contrary notwithstanding, the Company may have a claim against the L/C Issuer, and the L/C Issuer may be liable to the Company, to the
        extent, but only to the extent, of any direct, as opposed to consequential or exemplary, damages suffered by the Company which the Company proves were caused by the L/C Issuer’s willful misconduct or gross negligence or the L/C Issuer’s willful
        failure to pay under any Letter of Credit after the presentation to it by the beneficiary of a sight draft and certificate(s) strictly complying with the terms and conditions of a Letter of Credit.  In furtherance and not in limitation of the foregoing, the L/C Issuer may accept documents that appear on their face to be in order, without responsibility for further investigation,
        regardless of any notice or information to the contrary, and the L/C Issuer shall not be responsible for the validity or sufficiency of any instrument transferring or assigning or purporting to transfer or assign a Letter of Credit or the rights or
        benefits thereunder or proceeds thereof, in whole or in part, which may prove to be invalid or ineffective for any reason.

    
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    (g)  Cash Collateral.  (1)  Upon the request of the
        Administrative Agent, (A) if the L/C Issuer has honored any full or partial drawing request under any Letter of Credit and such drawing has resulted in an L/C Borrowing, or (B) if, as of the Letter of Credit Expiration Date, any L/C Obligation for
        any reason remains outstanding, the Company shall, in each case, immediately Cash Collateralize the then Outstanding Amount of all L/C Obligations.  At any time that there shall exist a Defaulting Lender that is a Revolving Credit Lender, within
        three Business Days after the request of the Administrative Agent or the L/C Issuer, the Borrower shall deliver to the Administrative Agent Cash Collateral in an amount sufficient to cover all Fronting Exposure (after giving effect to Section 2.15(a)(iv) and any Cash Collateral provided by the Defaulting Lender).

        (ii)      In addition, if the Administrative Agent notifies the Company at any time that the Outstanding Amount of all L/C Obligations at such time exceeds 100% (or, in the case of any such excess determined by
      the Administrative Agent to have resulted solely from foreign currency fluctuations, 102%) of the Letter of Credit Sublimit then in effect, then, within two Business Days after receipt of such notice, the Company shall Cash Collateralize the L/C
      Obligations in an amount equal to the amount by which the Outstanding Amount of all L/C Obligations exceeds the Letter of Credit Sublimit.

     

    

        (ii)    The Administrative Agent may, at any time and from time to time after the initial deposit of Cash
      Collateral, request that additional Cash Collateral be provided in order to protect against the results of exchange rate fluctuations.

     

    

        (iv)    Sections 2.05, 8.02(i)(c) and 8.02(ii)(c) set forth certain additional requirements to
      deliver Cash Collateral hereunder.  For purposes of this Section 2.03, Section 2.05 and Sections 8.02(i)(c) and 8.02(ii)(c), “Cash Collateralize” means to pledge and deposit with or deliver to the Administrative Agent,
      for the benefit of the L/C Issuer and the Lenders, as collateral for the L/C Obligations, cash or deposit account balances pursuant to documentation in form and substance satisfactory to the Administrative Agent and the L/C Issuer (which documents
      are hereby consented to by the Lenders).  Derivatives of such term have corresponding meanings.  Upon such pledge and deposit, the Company shall grant to the Administrative Agent, for the benefit of the L/C Issuer and the Lenders, a security interest
      in all such cash, deposit accounts and all balances therein and all proceeds of the foregoing.  Cash Collateral shall be maintained in blocked, non-interest bearing deposit accounts at Bank of America.

     

    

    (h) Applicability of ISP.  Unless otherwise expressly agreed by
        the L/C Issuer and the Company when a Letter of Credit is issued (including any such agreement applicable to an Existing Letter of Credit), the rules of the ISP shall apply to each standby Letter of Credit.

    (i)  Letter of Credit Fees.  The Company shall pay to the
        Administrative Agent for the account of each Revolving Credit Lender in accordance with its Applicable Revolving Credit Percentage, in Dollars, a Letter of Credit fee (the “Letter of Credit Fee”) for each Letter of Credit equal to the Applicable Rate times the Dollar Equivalent of the daily amount
        available to be drawn under such Letter of Credit, provided, however,
        that 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 Lender has not provided Cash Collateral satisfactory to the L/C Issuer pursuant to this Section 2.03 shall be payable, to the maximum extent permitted by applicable Law, to the other Lenders in accordance with the upward adjustments in their
        respective Applicable Percentages allocable to such Letter of Credit pursuant to Section 2.15(a)(iv), with the balance of such fee, if any, payable to the
        L/C Issuer for its own account.  For purposes of computing the daily amount available to be drawn under any Letter of Credit, the amount of such Letter of Credit shall be determined in accordance with Section 1.09.  Letter of Credit Fees shall be (i) due and payable on the first Business Day after the end of each March, June, September and December, commencing with the first such date to occur
        after the issuance of such Letter of Credit, on the Letter of Credit Expiration Date and thereafter on demand and (ii) computed on a quarterly basis in arrears.  If there is any change in the Applicable Rate during any quarter, the daily amount
        available to be drawn under each Letter of Credit shall be computed and multiplied by the Applicable Rate separately for each period during such quarter that such Applicable Rate was in effect.  Notwithstanding anything to the contrary contained
        herein, upon the request of the Required Revolving Credit Lenders, while any Event of Default exists, all Letter of Credit Fees shall accrue at the Default Rate.

    
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    (j) Fronting Fee and Documentary and Processing Charges Payable to L/C
            Issuer.  The Company shall pay directly to the L/C Issuer for its own account, in Dollars, a fronting fee with respect to each Letter of Credit, at a rate per annum equal to 0.125%, computed on the Dollar Equivalent of the daily
        amount available to be drawn under such Letter of Credit on a quarterly basis in arrears.  Such fronting fee shall be due and payable on the tenth Business Day after the end of each March, June, September and December in respect of the most
        recently-ended quarterly period (or portion thereof, in the case of the first payment), commencing with the first such date to occur after the issuance of such Letter of Credit, on the Letter of Credit Expiration Date and thereafter on demand.  For
        purposes of computing the daily amount available to be drawn under any Letter of Credit, the amount of such Letter of Credit shall be determined in accordance with Section

            1.09.  In addition, the Company shall pay directly to the L/C Issuer for its own account, in Dollars, the customary issuance, presentation, amendment and other processing fees, and other standard costs and charges, of the L/C Issuer
        relating to letters of credit as from time to time in effect.  Such customary fees and standard costs and charges are due and payable on demand and are nonrefundable.

    (k) Conflict with Issuer Documents.  In the event of any
        conflict between the terms hereof and the terms of any Issuer Document, the terms hereof shall control.

    (l) 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 Company shall be obligated to reimburse the L/C Issuer hereunder for any and all drawings under such Letter of
        Credit.  The Company hereby acknowledges that the issuance of Letters of Credit for the account of Subsidiaries inures to the benefit of the Company, and that the Company’s business derives substantial benefits from the businesses of such
        Subsidiaries.

         2.04  Swing Line Loans.

     

    

    (a) The Swing Line.  Subject to the terms and conditions set
        forth herein, the Swing Line Lender agrees, in reliance upon the agreements of the other Lenders set forth in this Section 2.04, to make loans in Dollars
        (each such loan, a “Swing Line Loan”) to the Company from time to time on any Business Day during the Availability Period in an aggregate amount not to
        exceed at any time outstanding the amount of the Swing Line Sublimit, notwithstanding the fact that such Swing Line Loans, when aggregated with the Applicable Revolving Credit Percentage of the Outstanding Amount of Revolving Credit Loans and L/C
        Obligations of the Lender acting as Swing Line Lender, may exceed the amount of such Lender’s Revolving Credit Commitment; provided that after giving effect
        to any Swing Line Loan, (i) the Total Revolving Credit Outstandings shall not exceed the Revolving Credit Facility, and (ii) the aggregate Outstanding Amount of the Revolving Credit Loans of any Revolving Credit Lender at such time, plus such Revolving Credit Lender’s Applicable Revolving Credit Percentage of the Outstanding Amount of all L/C Obligations at such time, plus such Revolving Credit Lender’s Applicable Revolving Credit Percentage of the Outstanding Amount of all Swing Line Loans at such time shall not exceed such
        Lender’s Revolving Credit Commitment; provided, further, that
        the Company shall not use the proceeds of any Swing Line Loan to refinance any outstanding Swing Line Loan.  Within the foregoing limits, and subject to the other terms and conditions hereof, the Company may borrow under this Section 2.04, prepay under Section 2.05, and reborrow under this Section 2.04.  Each Swing Line Loan shall be a Base Rate Loan.  Immediately upon the making of a Swing Line Loan, each Revolving Credit 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 Revolving Credit Lender’s Applicable Revolving Credit Percentage times the amount of such Swing Line Loan.

    
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    (b) Borrowing Procedures.  Each Swing Line Borrowing shall be
        made upon the Company’s irrevocable notice to the Swing Line Lender and the Administrative 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 Administrative Agent of a Swing Line Loan Notice.  Each such notice must be received by the Swing Line Lender and the Administrative 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 $100,000, and (ii) the requested borrowing date, which shall be a Business Day.  Promptly after receipt by the Swing Line
        Lender of any telephonic Swing Line Loan Notice, the Swing Line Lender will confirm with the Administrative Agent (by telephone or in writing) that the Administrative Agent has also received such Swing Line Loan Notice and, if not, the Swing Line
        Lender will notify the Administrative Agent of the contents thereof.  Unless the Swing Line Lender has received notice (by telephone or in writing) from the Administrative Agent (including at the request of any Revolving Credit 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 2.04(a), or (B) that one or more of the applicable conditions specified in Article IV
        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
        Company at its office by crediting the account of the Company on the books of the Swing Line Lender in Same Day Funds.

    (c) Refinancing of Swing Line Loans.

        (i)      The Swing Line Lender at any time in its sole and absolute discretion may request, on behalf of the Company
      (which hereby irrevocably authorizes the Swing Line Lender to so request on its behalf), that each Revolving Credit Lender make a Base Rate Revolving Credit Loan in an amount equal to such Lender’s Applicable Revolving Credit Percentage 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 Loan 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 Revolving Credit Facility and the conditions set forth in Section 4.02.  The Swing Line Lender shall furnish the
      Company with a copy of the applicable Loan Notice promptly after delivering such notice to the Administrative Agent.  Each Revolving Credit Lender shall make an amount equal to its Applicable Revolving Credit Percentage of the amount specified in
      such Loan Notice available to the Administrative Agent in Same Day Funds for the account of the Swing Line Lender at the Administrative Agent’s Office for Dollar-denominated payments not later than 1:00 p.m. on the day specified in such Loan Notice,
      whereupon, subject to Section 2.04(c)(ii), each Lender that so makes funds available shall be deemed to have made a Base Rate Revolving Credit Loan to the Company in such amount.  The Administrative 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 Revolving Credit Borrowing in
      accordance with Section 2.04(c)(i), the request for Base Rate Revolving Credit 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 Revolving Credit Lenders
      fund its risk participation in the relevant Swing Line Loan and each Revolving Credit Lender’s payment to the Administrative Agent for the account of the Swing Line Lender pursuant to Section 2.04(c)(i) shall be deemed payment in respect of
      such participation.

    
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        (iii)    If any Revolving Credit Lender fails to make available to the Administrative Agent for the account of the
      Swing Line Lender any amount required to be paid by such Lender pursuant to the foregoing provisions of this Section 2.04(c) by the time specified in Section 2.04(c)(i), the Swing Line 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 Swing Line Lender
      at a rate per annum equal to the applicable Overnight Rate from time to time in effect, plus any administrative, processing or similar fees customarily charged by the Swing Line 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 Lender’s Revolving Credit Loan included in the relevant Revolving Credit 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 Administrative Agent) with respect to any amounts owing under this clause (iii) shall be conclusive absent manifest error.

     

    

         (iv)    Each Revolving Credit
      Lender’s obligation to make Revolving Credit Loans or to purchase and fund risk participations in Swing Line Loans pursuant to this Section 2.04(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 Company 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 Revolving Credit Loans pursuant to this Section 2.04(c) is subject to the conditions set forth in Section
        4.02.  No such funding of risk participations shall relieve or otherwise impair the obligation of the Company to repay Swing Line Loans, together with interest as provided herein.

    (d) Repayment of Participations.

        (i)     At any time after any Revolving Credit 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 Revolving Credit Lender its Applicable Revolving Credit Percentage 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 under any of the circumstances described in Section 10.05 (including pursuant to any settlement entered into by the Swing Line Lender in its discretion), each Revolving Credit Lender shall
      pay to the Swing Line Lender its Applicable Revolving Credit Percentage thereof on demand of the Administrative 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 applicable
      Overnight Rate.  The Administrative 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 and the termination of this Agreement.

     

    

    (e) Interest for Account of Swing Line Lender.  The Swing Line
        Lender shall be responsible for invoicing the Company for interest on the Swing Line Loans.  Until each Revolving Credit Lender funds its Base Rate Revolving Credit Loan or risk participation pursuant to this Section 2.04 to refinance such Revolving Credit Lender’s Applicable Revolving Credit Percentage of any Swing Line Loan, interest in respect of such Applicable Percentage shall be solely
        for the account of the Swing Line Lender.

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

            2.05  Prepayments.

     

    

    (a) Optional.

        (i)    Each Borrower may, upon notice from the Company to the Administrative Agent pursuant to delivery to the
      Administrative Agent of a Notice of Loan Prepayment, at any time or from time to time voluntarily prepay 

     Term Loans and Revolving Credit Loans in whole or in part without premium or penalty (except (x) in the case of Loans
        other than Base Rate Loans, amounts payable pursuant to Section 3.05 and (y) with respect to Term B-1 Loans, as set forth in Section 2.05(c)); provided that (i) such notice must be received by the Administrative Agent
        not later than 11:00 a.m. (A) three Business Days prior to any date of prepayment of Eurocurrency Rate Loans denominated in Dollars, (B) four Business Days (or five, in the case of prepayment of Loans denominated in Special Notice Currencies) prior
        to any date of prepayment of Eurocurrency Rate Loans denominated in Alternative Currencies, and (C) on the date of prepayment of Base Rate Loans; (ii) any prepayment of Eurocurrency Rate Loans denominated in Dollars shall be in a principal amount
        of $5,000,000 or a whole multiple of $1,000,000 in excess thereof; (iii) any prepayment of Eurocurrency Rate Loans denominated in Alternative Currencies shall be in a minimum principal amount of $5,000,000 or a whole multiple of $1,000,000 in
        excess thereof; and (iv) any prepayment of Base Rate Loans shall be in a principal amount of $500,000 or a whole multiple of $100,000 in excess thereof or, in each case, if less, the entire principal amount thereof then outstanding.  Each such
        notice shall specify the date and amount of such prepayment and the Type(s) of Loans to be prepaid and, if Eurocurrency Rate Loans are to be prepaid, the Interest Period(s) of such Loans.  The Administrative Agent will promptly notify each Lender
        of its receipt of each such notice, and of the amount of such Lender’s Applicable Percentage of such prepayment.  If such notice is given by the
        Company, the applicable Borrower shall make such prepayment and the payment amount specified in such notice shall be due and payable on the date specified therein.  Any prepayment of (x) a Eurocurrency Rate Loan shall be accompanied by all accrued
        interest on the amount prepaid, together with any additional amounts required pursuant to Section 3.05 and (y) Term B-2 Loans hereunder shall be subject to
        Section 2.05(c).  Each prepayment of the outstanding Term Loans pursuant to this Section 2.05(a) shall be applied (x) as among the different Classes of Term Loans, as directed by the Company and (y) with respect to a specific Class of Term Loans, to the principal repayment installments thereof as
        directed by the Company.  Each prepayment of other Term Loans established or extended pursuant to Section 2.17, 2.18 or 2.19 shall be applied as set forth in the applicable Additional Credit Extension Amendment; provided that any such Additional Credit Extension Amendment shall not permit prepayments of Extended Term Loans established pursuant to Section 2.19 to be applied on a greater than pro rata basis than the Class of Term Loans being extended.  The prepayment of Revolving Credit Loans shall be made on a pro rata
        basis across all Revolving Credit Loans (except, with respect to Revolving Credit Loans established pursuant to Section 2.17, 2.18 or 2.19, to the extent that any applicable Additional Credit Extension Amendment
        provides that the Revolving Credit Loans established thereunder shall be entitled to less than pro rata treatment).  Each such prepayment under this Section 2.05(a)(i)
        shall be paid to the Lenders in accordance with their respective Applicable Percentages in respect of each of the relevant Facilities.

        (ii)    The Company may, upon notice to the Swing Line Lender pursuant to delivery to the Swing Line Lender of a
      Notice of Loan Prepayment (with a copy to the Administrative Agent), at any time or from time to time, 

     voluntarily prepay Swing Line Loans in whole or in part without premium or penalty; provided that (x) such notice must be received by the Swing Line Lender and the Administrative Agent not later than 1:00 p.m. on the date of the prepayment, and (y) any such prepayment
        shall be in a minimum principal amount of $100,000.  Each such notice shall specify the date and amount of such prepayment.  If such notice is given by the Company, the Company shall make such prepayment and the payment amount specified in such
        notice shall be due and payable on the date specified therein.

    
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    (b) Mandatory Term Loan Prepayments.

        (i)    If the Company or any of its Subsidiaries receives any Net Cash Proceeds from any Casualty Event or
      Disposition (other than (1) any Disposition of any property permitted by Sections 7.05(a), (b), (c), (d), (e), (f), (g), (i),

     (j) and (k) and (2) any Disposition or Casualty Event resulting in aggregate Net Cash Proceeds not exceeding $5,000,000 in the case of any single transaction or series
        of related transactions), the Company shall cause to be offered to be prepaid in accordance with clause (v) below, an aggregate principal amount of Term Loans equal to 100% of such Net Cash Proceeds within ten (10) Business Days of receipt thereof
        by such Person; provided that, with respect to any Net Cash Proceeds realized under a Disposition described in this Section 2.05(b)(i), at the election of the Company (as notified by the Company to the Administrative Agent within ten (10) Business Days of receipt thereof), and so long as no Default
        shall have occurred and be continuing, the Company or such Subsidiary may reinvest all or any portion of such Net Cash Proceeds in assets useful in the business of the Company or its Subsidiaries within 12 months of receipt of such Net Cash
        Proceeds (it being understood that if any portion of such proceeds are not so used within such 12-month period but within such 12-month period are contractually committed to be used, then upon the termination of such contract or if such Net Cash
        Proceeds are not so used within 18 months of initial receipt, such remaining portion shall constitute Net Cash Proceeds as of the date of such termination or expiry and shall be immediately applied to the prepayment of the Term Loans as set forth
        in this Section 2.05(b)(i)); provided, however, that any Net Cash Proceeds not subject to such definitive agreement or so reinvested shall be immediately applied to the prepayment of the Loans as set forth in this Section 2.05(b)(i).

        (ii)    Upon the incurrence or issuance by the Company or any of its Subsidiaries of any Indebtedness (other than
      Indebtedness expressly permitted to be incurred or issued pursuant to Section 7.03 (other than Permitted 

    Unsecured Refinancing Debt, Permitted Pari Passu Refinancing Debt or Permitted Junior Priority Refinancing Debt)), the
        Company shall prepay an aggregate principal amount of Term Loans equal to 100% of all Net Cash Proceeds received therefrom immediately upon receipt thereof by the Company or such Subsidiary (such prepayments to be applied as set forth in clause
        (iv) below).

        (iii)    Within five (5) Business Days after financial statements are required to be delivered pursuant to Section
        6.01(a), commencing with the fiscal year ending on December 31, 2017, the Company shall cause to be offered to

     be prepaid in accordance with clause (v) below, an aggregate principal amount of Term B-2 Loans equal to ((x) the Excess
        Cash Flow Percentage, multiplied by (y) the Excess
        Cash Flow for such fiscal year), less the sum of (1) the aggregate principal amount of Term Loans (or, in the case of Term Loans purchased at a discount to
        par, the actual amount of the cash payments made to purchase such Term Loans) and Revolving Credit Loans (provided that there is an equivalent permanent
        reduction of Revolving Credit Commitments) prepaid or purchased in cash pursuant to Section 2.05(a) or Section 10.06(i); (2) the aggregate principal amount of other Consolidated Funded Indebtedness (or, in the case of Consolidated Funded Indebtedness purchased at a discount to par, the actual amount of the
        cash payments made to purchase such Consolidated Funded Indebtedness) secured by the Collateral on a pari passu basis with the Facilities prepaid or purchased in cash (provided that, in
        the case of revolving credit commitments, there is an equivalent permanent reduction in commitments); and (3) the increase in the amount of any equity investments in a Bank Regulated Subsidiary (including Investments pursuant to participation
        agreements with Bank Regulated Subsidiaries); in each case, during such fiscal year or on or prior to the 90th day after the end of such fiscal year (and without
        duplication in the next fiscal year), except to the extent that such prepayments are funded with long-term Indebtedness (without duplication of any prepayments in such fiscal year that reduced the amount of Excess Cash Flow required to be repaid
        pursuant to this Section 2.05(b)(iii) for any prior fiscal year).

    
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        (iv)    Each prepayment of Term Loans pursuant to clauses (i) and (ii) of this Section 2.05(b) shall be
      offered and, subject to clause (17) below, applied on a pro rata basis across the Term Facilities; provided that (x) any Term 

     Loans established pursuant to Section
            2.17, 2.18 or 2.19 shall be entitled to less than
        their pro rata share if and to the extent so provided for in the applicable Additional Credit Extension Amendment and (y) prepayments with the proceeds of Refinancing Term Loans shall be applied to the Term Facilities being refinanced.  Each
        prepayment of Term Loans pursuant to clause (iii) of this Section 2.05(b) shall be applied solely to the Term B-2 Facility; provided that any Term Loans established pursuant to Section 2.17, 2.18 or 2.19 shall be entitled to share in such prepayment on a pro rata basis (or less
        than pro rata basis) as and to the extent so provided for in the applicable Additional Credit Extension Amendment.  With respect to any such Term Facility that is to receive a prepayment pursuant to this Section 2.05(b), such prepayment shall be applied to the principal repayment installments thereof as directed by the Company and each such prepayment shall be paid to the Lenders in accordance with
        their respective Applicable Percentages in respect of each of the relevant Facilities.

        (v)    With respect to each prepayment required pursuant to Section 2.05(b)(i) or (iii), (A) the Company
      will, not later than the dates specified in Sections 2.05(b)(i) or (iii) for offering to make such prepayment, give the 

     Administrative Agent telephonic notice (promptly confirmed in writing) requesting that the Administrative Agent provide
        notice of such offer of prepayment to each applicable Lender, (B) the Administrative Agent shall provide notice of such offer of prepayment to each applicable Lender, (C) each such Lender will have the right to refuse such offer of prepayment by
        giving written notice of such refusal to the Administrative Agent within three (3) Business Days after such Lender’s receipt of notice from the Administrative Agent of such offer of prepayment (and the Company shall not prepay any Loans of each
        such refusing Lender on the date that is specified in clause (D) below), (D) the Company will make all such prepayments not so refused upon the fifth Business Day after delivery of notice by the Company pursuant to Section 2.05(b)(i) or (iii) above (with such prepayments to be applied as set forth in clause
        (iv) above) and (E) any prepayment refused by Lenders of Loans (such refused amounts, the “Declined Proceeds”) may be retained by the Company.

    (vi) Notwithstanding any other provisions of Section
            2.05(b)(i) or (iii), (A) to the extent that any of or all the Net Cash Proceeds received by a Foreign Subsidiary giving rise to a prepayment
        pursuant to Section 2.05(b)(i) or Excess Cash Flow attributable to a Foreign Subsidiary (a “Foreign Prepayment Event”) are prohibited or delayed under applicable local Law from being repatriated to the Company, or could result in directors’ liability, the portion of such Net Cash Proceeds or Excess Cash Flow
        so affected will not be required to be applied to repay Loans at the times provided in Section 2.05(b)(i) or (iii), as the case may be; provided that (x) the Company hereby agrees to cause the applicable Foreign
        Subsidiary to promptly take all commercially reasonable actions required by the applicable local Law to permit such repatriation and (y) if the repatriation of the relevant affected Net Cash Proceeds or Excess Cash Flow is permitted under the
        applicable local Law, and directors’ liability could not result, such repatriation will be promptly effected and such repatriated Net Cash Proceeds or Excess Cash Flow will be promptly applied (net of additional Taxes payable or reasonably reserved
        against in good faith as a result thereof) to the repayment of the Loans pursuant to Section 2.05(b)(i) or (iii), as the case may be, and (B) to the extent that the Company has reasonably determined in good faith that repatriation of any or all of the Net Cash Proceeds or Excess Cash Flow of any Foreign
        Prepayment Event would have a material adverse Tax consequence, including the consequences of related costs, fees and expenses, the Net Cash Proceeds or Excess Cash Flow so affected may be retained by the applicable Foreign Subsidiary; provided, further, that to the extent that the repatriation of such
        Net Cash Proceeds or Excess Cash Flow from the applicable Foreign Subsidiary would no longer have a material adverse Tax consequence, the applicable Foreign Subsidiary will promptly repatriate the applicable Net Cash Proceeds or Excess Cash Flow
        and such repatriated Net Cash Proceeds or Excess Cash Flow will be promptly applied (net of additional Taxes payable or reasonably reserved against in good faith as a result thereof) to the repayment of the Loans pursuant to Section 2.05(b)(i) or (iii), as the case may be.

    
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    (c) Repricing Transaction.  In the event that all or any
        portion of the Term B-2 Loans are (x) repaid, prepaid, refinanced or replaced with any bank debt financing (including, without limitation, with Refinancing Term Loans) having a “yield” that is less than the “yield” of the Term B-2 Loans (or portion
        thereof) so repaid, prepaid or refinanced or (y) repriced or effectively refinanced through any waiver, consent, amendment or amendment and restatement, in each case of clauses (x) and (y), directed at, or the result of which would be, the lowering
        of the “yield” of any of the Term B-2 Loans, in each case of clauses (x) and (y), occurring on or prior to the six (6) month anniversary of the Third Amendment Effective Date and excluding any transaction in connection with a Change of Control (a “Repricing Transaction”), the Company shall pay the Term B-2 Lenders (A) in the case of clause (x), a prepayment premium equal to 1.00% of the aggregate principal
        amount of the Term B-2 Loans so repaid, prepaid, refinanced or replaced and (B) in the case of clause (y), a fee equal to 1.00% of the aggregate principal amount of the Term B-2 Loans repriced or effectively refinanced through such waiver, consent,
        amendment or amendment and restatement.  If all or any portion of the Term B-2 Loans held by any Term B-2 Lender is subject to mandatory assignment pursuant to Section
            10.13 as a result of, or in connection with, such Term B-2 Lender not agreeing or otherwise consenting to any such waiver, consent, amendment or amendment and restatement referred to in clause (y) above (or otherwise in connection
        with a Repricing Transaction) on or prior to the six (6) month anniversary of the Third Amendment Effective Date, the Company shall pay to such Term B-2 Lender a fee equal to 1.00% of the principal amount of the Term B-2 Loans so assigned.  Such
        amounts shall be due and payable on the date of effectiveness of such Repricing Transaction or mandatory assignment.  In determining the “yield” applicable to the Term B-2 Loans and the “yield” for any such new bank debt financing, (x) interest
        margin, original issue discount (“OID”) or upfront fees (which shall be deemed to constitute like amounts of OID) payable by the Company for the account of
        the Term B-2 Lenders or the lenders of such new bank debt financing in the primary syndication thereof shall be included (with OID being equated to interest based on an assumed four-year life to maturity), (y) with respect to any Indebtedness that includes a Eurocurrency Rate “floor” or Base Rate “floor,” (i) to the extent that the Eurocurrency Rate or Base Rate (without giving effect to
          any floors in such definitions), as applicable, on the date that the yield is being calculated is less than such floor, the amount of such difference shall be deemed added to the interest rate margin for such Indebtedness for the purpose of
          calculating the yield and (ii) to the extent that the Eurocurrency Rate or Base Rate (without giving effect to any floors in such definitions), as applicable, on the date that the yield is being calculated is greater than such floor, then the
          floor shall be disregarded in calculating the yield and (z) customary arrangement, structuring, underwriting, amendment or commitment fees payable to the Joint Lead Arrangers (or its affiliates) in connection with the Term B-2 Facility or
        to one or more arrangers (or their affiliates) of such new bank debt financing shall be excluded.  For the avoidance of doubt, in no event shall the application of proceeds of an issuance of Equity Interests be deemed a Repricing Transaction.

    (d) Total Revolving Credit Outstandings.  If the Administrative
        Agent notifies the Company at any time that the Total Revolving Credit Outstandings at such time exceed an amount equal to 100% (or, in the case of any such excess determined by the Administrative Agent to have resulted solely from foreign currency
        fluctuations, 102%) of the Revolving Credit Facility then in effect, then, within two Business Days after receipt of such notice, the Borrowers shall prepay Revolving Credit Loans and/or the Company shall Cash Collateralize the L/C Obligations in
        an aggregate amount sufficient to reduce such Outstanding Amount as of such date of payment to an amount not to exceed 100% of the Revolving Credit Facility; provided,
        however, that, subject to the provisions of Section 2.03(g)(ii),
        the Company shall not be required to Cash Collateralize the L/C Obligations pursuant to this Section 2.05(d) unless after the prepayment in full of the
        Loans the Total Revolving Credit Outstandings exceed the Revolving Credit Facility.  The Administrative Agent may, at any time and from time to time after the initial deposit of such Cash Collateral, request that additional Cash Collateral be
        provided in order to protect against the results of further exchange rate fluctuations.

    
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    (e) Alternative Currency.  If the Administrative Agent notifies
        the Company at any time that the Outstanding Amount of all Revolving Credit Loans denominated in Alternative Currencies at such time exceeds an amount equal to 102% of the Alternative Currency Sublimit, then, within two Business Days after receipt
        of such notice, the Borrowers shall prepay Revolving Credit Loans denominated in Alternative Currencies in an aggregate amount sufficient to reduce such Outstanding Amount as of such date of payment to an amount not to exceed 100% of the
        Alternative Currency Sublimit.

          2.06  Termination or Reduction of Commitments.

     

    

    (a) Optional.  The Company may, upon notice to the
        Administrative Agent, terminate the Revolving Credit Facility, or from time to time permanently reduce the Revolving Credit Facility; provided that (i) any
        such notice shall be received by the Administrative Agent not later than 12:00 noon five Business Days prior to the date of termination or reduction, (ii) any such partial reduction shall be in an aggregate amount of $10,000,000 or any whole
        multiple of $1,000,000 in excess thereof, (iii) the Company shall not terminate or reduce the Revolving Credit Facility if, after giving effect thereto and to any concurrent prepayments hereunder, the Total Revolving Credit Outstandings would
        exceed the Revolving Credit Facility, (iv) if, after giving effect to any reduction of the Revolving Credit Facility, the Alternative Currency Sublimit, the Letter of Credit Sublimit or the Designated Borrower Sublimit or the Swing Line Sublimit
        exceeds the amount of the Revolving Credit Facility, in each case such sublimit shall be automatically reduced by the amount of such excess.  The Administrative Agent will promptly notify the Lenders of any such notice of termination or reduction
        of the Revolving Credit Facility.  Except as provided in clause (iv) of the immediately preceding sentence, the amount of any reduction of the Revolving Credit Facility shall not be applied to the Alternative Currency Sublimit or the Letter of
        Credit Sublimit unless otherwise specified by the Company.  Any reduction of the Revolving Credit Facility shall be applied to the Commitment of each Lender according to its Applicable Percentage.  All fees accrued until the effective date of any
        termination of the Revolving Credit Facility shall be paid on the effective date of such termination.

    (b) Mandatory.

     (i)    The aggregate Term A-1
        Commitments shall be automatically and permanently reduced to zero on the date of the Term A-1 Borrowing.  The aggregate Term A-2 Commitments shall be
          automatically and permanently reduced to zero on the date of the Term A-2 Borrowing. The aggregate Term A-3 Commitments (other than the Tranche A 2019 Incremental Term A-3 Commitments) shall be automatically and permanently
          reduced to zero on the date of the Term A-3 Borrowing.

     (ii)    The aggregate Term B-1
        Commitments shall be automatically and permanently reduced to zero on the date of the Term B-1 Borrowing.  The aggregate Term B-2 Commitments shall be
          automatically and permanently reduced to zero on the date of the Term B-2 Borrowing.

        (iii)    Application of Commitment Reductions; Payment of Fees.  The Administrative Agent will promptly notify
      the Lenders of any termination or reduction of the Letter of Credit Sublimit, Swing Line Sublimit or the 

     Revolving Credit Commitment under this Section

            2.06.  Upon any reduction of the Revolving Credit Facility, the appropriate Revolving Credit Commitment of each Revolving Credit Lender having a commitment thereunder shall be reduced by such Lender’s Applicable Revolving Credit
        Percentage of such reduction amount.  All fees in respect of the Revolving Credit Facility accrued until the effective date of any termination of the Revolving Credit Facility shall be paid on the effective date of such termination.

    
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               2.07

            	
               

            	
              Repayment of Loans.

            

       

     

    

    (a) Term A-3 Loans.  The Company shall repay to the Term A-3
        Lenders the principal amount of all Term A-3 Loans (i) in equal quarterly payments in the amount of 1.25% of the aggregate principal amount of such Term A-3 Loans incurred (including through conversion of Term A-2 Loans) on the Fourth Amendment
        Effective Date commencing on September 30, 2018 and December 31, 2018, (ii) in equal quarterly payments in the amount of 1.2820512821% of the aggregate principal amount of the Term A-3 Loans outstanding as of the Tranche
            A Fifth Amendment Effective Date (after giving effect to the Tranche A 2019 Incremental Term A-3 Loans) commencing on March 31, 2019 and on the last day of each March, June, September and December thereafter, through and including
        March 31, 2023, and (iiiii) on the Maturity Date for the Term A-3 Facility, the remaining outstanding principal amount of all Term A-3 Loans (in each case subject to the application of prepayments in accordance
        with Section 2.06).

    (b) Term B-2 Loans.  The Company shall repay to the Term B-2
        Lenders the principal amount of all Term B-2 Loans (i) prior to the Third Amendment Effective Date, in equal quarterly payments in the amount of 0.25% of the aggregate principal amount of such Term B-1 Loans incurred on the Closing Date commencing
        on September 30, 2017 and on the last day of each March, June, September and December thereafter until the Third Amendment Effective Date, (ii) on and after the Third Amendment Effective Date, in equal quarterly payments in the amount 0.253807% of
        the aggregate principal amount of all Term B-2 Loans outstanding as of the Third Amendment Effective Date commencing on March 31, 2018 and on the last day of each March, June, September and December thereafter, through and including June 30, 2023, and (iii) on the Maturity Date for the Term B-2 Facility, the remaining outstanding principal amount of all Term B-2 Loans (in each case subject to
        the application of prepayments in accordance with Section 2.06).

    (c) Revolving Credit Loans.  Each Borrower shall repay to the
        Revolving Credit Lenders on the Maturity Date for the Revolving Credit Facility the aggregate principal amount of all Revolving Credit Loans outstanding to such Borrower on such date.

    (d) Swing Line Loans.  The Company 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 Maturity Date for the Revolving Credit Facility.

    (e) Incremental Term Loans; Refinancing Term Loans; Extended Term Loans. 
        In the event any Incremental Term Loans, Refinancing Term Loans, Extended Term Loans or Extended Revolving Credit Loans are made, such Incremental Term Loans, Refinancing Term Loans, Extended Term Loans or Extended Revolving Credit Loans, as
        applicable, shall be repaid by the Company in the amounts and on the dates set forth in the Additional Credit Extension Amendment with respect thereto and on the applicable Maturity Date thereof.

    
      	
               2.08

            	
               

            	
              Interest

            

       .

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

    
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    (b) (22)  If any amount of principal of any Loan is not paid when due (without regard to any applicable grace periods), whether at stated maturity, by
        acceleration or otherwise, such amount shall thereafter bear interest at a fluctuating interest rate per annum at all times equal to the Default Rate to the fullest extent permitted by applicable Laws.

        (ii)    If any amount (other than principal of any Loan) payable by any Borrower under any Loan Document is not paid
      when due (without regard to any applicable grace periods), whether at stated maturity, by acceleration or otherwise, then, upon the request of the Required Lenders, such amount shall thereafter bear interest at a fluctuating interest rate per annum
      at all times equal to the Default Rate to the fullest extent permitted by applicable Laws.

     

    

        (iii)    Upon the request of the Required Lenders, while any Event of Default exists under, or immediately upon any
      Event of Default under Section 8.01(a) resulting from any failure to pay any principal of a Loan when due or 

     under Section 8.01(f), the
        Borrowers shall pay interest on the principal amount of all outstanding Obligations hereunder at a fluctuating interest rate per annum at all times equal to the Default Rate to the fullest extent permitted by applicable Laws.

        (iv)    Accrued and unpaid interest on past due amounts (including interest on past due interest) shall be due and
      payable upon demand.

     

    

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

    (d) For the purposes of the Interest Act (Canada), (i) whenever a rate of interest or fee rate hereunder is calculated on the basis of a year (the “deemed year”) that contains fewer days than the actual number of days in the calendar year of calculation, such rate of interest or fee rate shall be expressed
        as a yearly rate by multiplying such rate of interest or fee rate by the actual number of days in the calendar year of calculation and dividing it by the number of days in the deemed year, (ii) the principle of deemed reinvestment of interest shall
        not apply to any interest calculation hereunder and (iii) the rates of interest stipulated herein are intended to be nominal rates and not effective rates or yields.

    
      	
               2.09

            	
               

            	
              Fees.  In addition to certain fees described in subsections (i) and (j) of Section 2.03:

            

        

      

     

    

    (a) Commitment Fee.  The
        Company shall pay to the Administrative Agent for the account of each Revolving Credit Lender in accordance with its Applicable Revolving Credit Percentage, a commitment fee (a “Commitment Fee”) in Dollars equal to the Applicable Rate for Commitment Fees times the actual daily amount
        by which the Revolving Credit Facility exceeds the sum of (i) the Outstanding Amount of Revolving Credit Loans and (ii) the Outstanding Amount of L/C Obligations.  The commitment fee shall accrue at all times during the Availability Period,
        including at any time during which one or more of the conditions in Article IV is not met, and shall be due and payable quarterly in arrears on the
        last Business Day of each March, June, September and December, commencing with the first such date to occur after the Closing Date, and on the last day of the Availability Period.  The commitment fee shall be calculated quarterly in arrears, and if
        there is any change in the Applicable Rate for Commitment Fees during any quarter, the actual daily amount shall be computed and multiplied by the Applicable Rate separately for each period during such quarter that such Applicable Rate was in
        effect.

    
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    (b) Other Fees.  (1)  The Company shall pay to the Joint Lead Arrangers and the Administrative Agent for their own respective accounts, in Dollars, fees in the amounts
        and at the times specified in the Fee Letter.  Such fees shall be fully earned when paid and shall not be refundable for any reason whatsoever.

    (ii) The Company shall pay to the Lenders, in Dollars, such fees as shall have been separately agreed upon in writing in the amounts
        and at the times so specified.  Such fees shall be fully earned when paid and shall not be refundable for any reason whatsoever.

    
      	
               2.10

            	
               

            	
              Computation of Interest and Fees; Retroactive Adjustments of Applicable Rate.

            

       

     

    

    (a) All computations of interest for Base Rate Loans when the Base Rate is determined by Bank of America’s “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 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-day year), or, in the case of interest in respect of Revolving Credit Loans denominated in Alternative Currencies as to which market practice differs from the foregoing, in accordance with such market
        practice.  Interest shall accrue on each Loan for the day on which the Loan is made, and shall not accrue on a Loan, or any portion thereof, for the day on which the Loan or such portion is paid; provided that any Loan that is repaid on the same day on which it is made shall, subject to Section 2.12(a), bear
        interest for one day.  Each determination by the Administrative Agent of an interest rate or fee hereunder shall be conclusive and binding for all purposes, absent manifest error.  With respect to all non-LIBOR Quoted Currencies, the calculation of
        the applicable interest rate shall be determined in accordance with market practice.

    (b) If, as a result of any restatement of or other adjustment to the financial statements of the Company or for any other reason, the Company or the
        Lenders determine that (i) the Consolidated Leverage Ratio as calculated by the Company as of any applicable date was inaccurate and (ii) a proper calculation of the Consolidated Leverage Ratio would have resulted in higher pricing for such period,
        each Borrower shall immediately and retroactively be obligated to pay to the Administrative Agent for the account of the applicable Lenders or the L/C Issuer, as the case may be, promptly on demand by the Administrative Agent (or, after the
        occurrence of an actual or deemed entry of an order for relief with respect to any Borrower under the Bankruptcy Code of the United States, automatically and without further action by the Administrative Agent, any Lender or the L/C Issuer), an
        amount equal to the excess of the amount of interest and fees that should have been paid for such period over the amount of interest and fees actually paid for such period.  This paragraph shall not limit the rights of the Administrative Agent, any
        Lender or the L/C Issuer, as the case may be, under Section 2.03(c)(iii), 2.03(i)
        or 2.08(b) or under Article VIII.  The Borrowers’ obligations
        under this paragraph shall survive the termination of the Revolving Credit Facility and the repayment of all other Obligations hereunder for a period of thirty days after the date of delivery of the Company’s annual audited financial statements
        that include the period during which termination and repayment occurred.

    
      	
               2.11

            	
               

            	
              Evidence of Debt.

            

        

      

     

    

    (a) The Credit Extensions made by each Lender shall be evidenced by one or more accounts or records maintained by such Lender and by the Administrative
        Agent in the ordinary course of business.  The accounts or records maintained by the Administrative Agent and each Lender shall be conclusive absent manifest error of the amount of the Credit Extensions made by the Lenders to the Borrowers 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 Borrowers hereunder to pay any amount owing with respect to the Obligations.  In the event of any
        conflict between the accounts and records maintained by any Lender and the 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 to a Borrower made through the Administrative Agent, such Borrower shall execute and deliver to such Lender (through the Administrative Agent) a Note or Notes, which shall evidence such Lender’s Loans to such
        Borrower in addition to such accounts or records.  Each Lender may attach schedules to a Note and endorse thereon the date, Type (if applicable), amount, currency and maturity of its Loans and payments with respect thereto.

    
      - 84 -

      
        

    

    (b) In addition to the accounts and records referred to in subsection (a), each Lender and the Administrative Agent shall maintain in accordance with its
        usual practice accounts or records evidencing the purchases and sales by such Lender of participations in Letters of Credit and Swing Line Loans.  In the event of any conflict between the accounts and records maintained by the Administrative Agent
        and the accounts and records of any Lender in respect of such matters, the accounts and records of the Administrative Agent shall control in the absence of manifest error.

    
      	
               2.12

            	
               

            	
              Payments Generally; Administrative Agent’s Clawback.

            

    

     

    

    (a) General.  All payments to be made by the Borrowers shall be
        made without condition or deduction for any counterclaim, defense, recoupment or setoff.  Except as otherwise expressly provided herein and except with respect to principal of and interest on Loans denominated in an Alternative Currency, all
        payments by the Borrowers hereunder shall be made to the Administrative Agent, for the account of the respective Lenders to which such payment is owed, at the applicable Administrative Agent’s Office in Dollars and in Same Day Funds not later than 2:00 p.m. on the date specified herein.  Except as otherwise expressly provided herein, all payments by the Borrowers hereunder with respect
        to principal and interest on Loans denominated in an Alternative Currency shall be made to the Administrative Agent, for the account of the respective Lenders to which such payment is owed, at the applicable Administrative Agent’s Office in such
        Alternative Currency and in Same Day Funds not later than the Applicable Time specified by the Administrative Agent on the dates specified herein.  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, any Borrower is prohibited by any 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.  The Administrative Agent will promptly distribute to each Lender its Applicable Percentage (or other applicable share as provided herein) of such payment in like funds as received
        by wire transfer to such Lender’s Lending Office.  All payments received by the Administrative Agent (i) after 2:00 p.m., in the case of payments in Dollars, or (ii) after the Applicable Time specified by the Administrative Agent in the case of
        payments in an Alternative Currency, shall in each case be deemed received on the next succeeding Business Day and any applicable interest or fee shall continue to accrue.  If any payment to be made by any Borrower shall come due on a day other
        than a Business Day, payment shall be made on the next following Business Day, and such extension of time shall be reflected in computing interest or fees, as the case may be.

    (b) (2)  Funding by Lenders; Presumption by Administrative Agent. 

        Unless the Administrative Agent shall have received notice from a Lender prior to the proposed date of any Revolving Credit Borrowing of Eurocurrency Rate Loans (or, in the case of any Revolving Credit Borrowing of Base Rate Loans, prior to 12:00
        noon on the date of such Revolving Credit Borrowing) that such Lender will not make available to the Administrative Agent such Lender’s share of such Revolving Credit Borrowing, the Administrative Agent may assume that such Lender has made such
        share available on such date in accordance with Section 2.02 (or, in the case of a Revolving Credit Borrowing of Base Rate Loans, that such Lender has made
        such share available in accordance with and at the time required by Section 2.02) and may, in reliance upon such assumption, make available to the
        applicable Borrower a corresponding amount.  In such event, if a Lender has not in fact made its share of the applicable Revolving Credit Borrowing available to the Administrative Agent, then the applicable Lender and the applicable Borrower
        severally agree to pay to the Administrative Agent forthwith on demand such corresponding amount in Same Day Funds with interest thereon, for each day from and including the date such amount is made available to such 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 Overnight Rate, plus any administrative, processing or similar fees customarily charged by the Administrative Agent in connection with the
        foregoing, and (B) in the case of a payment to be made by such Borrower, the interest rate applicable to Base Rate Loans or in the case of Alternative Currencies in accordance with such market practice, in each case, as applicable.  If such
        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 such Borrower the amount of such interest paid by such Borrower for such period. 
        If such Lender pays its share of the applicable Revolving Credit Borrowing to the Administrative Agent, then the amount so paid shall constitute such Lender’s Revolving Credit Loan included in such Revolving Credit Borrowing.  Any payment by such
        Borrower shall be without prejudice to any claim such Borrower may have against a Lender that shall have failed to make such payment to the Administrative Agent.

    
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        (iii)    Payments by Borrowers; Presumptions by Administrative Agent.  Unless the Administrative Agent shall have
      received notice from a Borrower prior to the date on which any payment is due to the Administrative Agent 

     for the account of the Lenders or the L/C Issuer hereunder that such Borrower will not make such payment, the
        Administrative Agent may assume that such Borrower has made such payment on such date in accordance herewith and may, in reliance upon such assumption, distribute to the Lenders or the L/C Issuer, as the case may be, the amount due.  In such event,
        if such Borrower has not in fact made such payment, then each of the Lenders or the L/C Issuer, as the case may be, severally agrees to repay to the Administrative Agent forthwith on demand the amount so distributed to such Lender or the L/C
        Issuer, in Same Day Funds 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 Overnight Rate.

      

               A notice of the Administrative Agent to any Lender or Borrower with respect to any amount owing under this subsection (b)
      shall be conclusive, absent manifest error

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

    (d) Obligations of Lenders Several.  The obligations of the
        Lenders hereunder to make Term Loans and Revolving Credit Loans, to fund participations in Letters of Credit and Swing Line Loans and to make payments pursuant to Section

            10.04(c) are several and not joint.  The failure of any Lender to make any Loan, to fund any such participation or to make any payment under Section
            10.04(c) on any date required hereunder shall not relieve any other Lender of its corresponding obligation to do so on such date, and, except as provided in Section 2.15(a)(iv), no Lender shall be responsible for the failure of any other Lender to so make its Loan, to purchase its participation or to make its payment under Section 10.04(c).

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

           2.13   Sharing of Payments by Lenders.  Subject in all cases to Section 10.08, 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 the Loans made by it, or the participations in L/C Obligations or in Swing Line Loans held by it
      resulting in such Lender’s receiving payment of a proportion of the aggregate amount of such Loans or participations and accrued interest thereon 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 subparticipations in L/C Obligations and Swing Line Loans 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 or subparticipations are purchased and all or any portion of the payment giving rise thereto is recovered, such participations or
        subparticipations shall be rescinded and the purchase price restored to the extent of such recovery, without interest; and

    (ii) the provisions of this Section 2.13 shall not be construed to apply
        to (x) any payment made by a 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), or (y) any payment obtained by a Lender as
        consideration for the assignment of or sale of a participation in any of its Loans or subparticipations in L/C Obligations or Swing Line Loans to any assignee or participant.

    Each 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 such Borrower rights of setoff and counterclaim with respect to such participation as fully as if such Lender were a direct
        creditor of such Borrower in the amount of such participation.

    
      	
               2.14

            	
               

            	
              Designated Borrowers.

            

        

      

     

    

    (a) The Company may at any time, upon not less than 15 Business Days’ notice from the Company to the Administrative Agent (or such shorter period as may be agreed by the
        Administrative Agent in its sole discretion), request that any Material Subsidiary of the Company (other than a non-Wholly-Owned Subsidiary) (an “Applicant Borrower”) become a Designated Borrower to receive Revolving Credit 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 K (a “Designated Borrower Request and Assumption Agreement”).  The parties hereto acknowledge and agree that prior to any Applicant Borrower becoming entitled
        to utilize the credit facilities provided for herein (i) the Administrative Agent and the Lenders that are to provide Commitments and/or Loans in favor of an Applicant Borrower must each agree to such Applicant Borrower becoming a Designated
        Borrower and, (ii) for any Applicant Borrower, the Administrative Agent and the Lenders shall have received (x) not more than 5 Business Days after the Company’s initial notice required above, the documentation and other information that are
        required by regulatory authorities under applicable “know-your-customer” rules and regulations, including the USA PATRIOT Act and the Beneficial Ownership Regulation and (y) 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 Revolving Credit Lenders in their reasonable discretion, and Notes signed by such new Borrowers to the extent any Lenders so require
        (the requirements set forth in the foregoing clauses (i) and (ii), the “Designated Borrower Requirements”).  If the Designated Borrower Requirements
        are met, the Administrative Agent shall send a notice in substantially the form of Exhibit L (a “Designated Borrower Notice”) to the Company and the Revolving Credit 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 Revolving Credit Loans hereunder, on the terms and conditions set forth herein, and each of the parties agrees that such Designated Borrower
        otherwise shall be a Borrower for all purposes of this Agreement; provided that no Loan Notice or Letter of Credit Application may be submitted by
        or on behalf of such Designated Borrower until the date five Business Days after such effective date unless the Administrative Agent otherwise consents.

    
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    (b) The Obligations of the Company and each Designated Borrower that is a Domestic Subsidiary shall be joint and several in nature.  The Obligations of all Designated
        Borrowers that are Foreign Subsidiaries and of the Specified Designated Borrower shall be several in nature.

    (c) The Specified Designated Borrower, WEX International Holdings and each Subsidiary of the Company that becomes a “Designated Borrower” pursuant to this Section 2.14, hereby
        irrevocably appoints the Company as its agent for all purposes relevant to this Agreement, each of the other Loan Documents and all other documents and electronic platforms entered into in connection herewith, including (i) the giving and receipt
        of notices, (ii) the execution and delivery of all documents, instruments and certificates contemplated herein and all modifications hereto, and (iii) the receipt of the proceeds of any Loans made by the Lenders to any such Designated Borrower
        hereunder.  Any acknowledgment, consent, direction, certification or other action which might otherwise be valid or effective only if given or taken by all Borrowers, or by each Borrower acting singly, shall be valid and effective if given or taken
        only by the Company, whether or not any such other Borrower joins therein.  Any notice, demand, consent, acknowledgement, direction, certification or other communication delivered to the Company in accordance with the terms of this Agreement shall
        be deemed to have been delivered to each Designated Borrower.

    (d) The Company may from time to time, upon not less than 15 Business Days’ notice from the Company to the Administrative Agent (or such shorter period as may be agreed by
        the Administrative Agent in its sole discretion), terminate a Designated Borrower’s status as such, provided that there are no outstanding Loans payable by such Designated Borrower, or other amounts payable by such Designated Borrower on account of
        any Loans made to it, as of the effective date of such termination.  The Administrative Agent will promptly notify the Lenders of any such termination of a Designated Borrower’s status.

    (e) Any Lender may, with notice to the Administrative Agent and the Company, fulfill its Commitment hereunder in respect of any Loans requested to be made by such Lender to
        a Designated Borrower not organized under the laws of the United States or any State thereof, by causing an Affiliate of such Lender to act for such Lender to make such Loans to such Designated Borrower in the place and stead of such Lender; provided that in no event shall the Lender’s exercise of such option increase the costs or expenses or otherwise increase or change the obligations of
        the Borrowers under this Agreement.

    (f) The Company may not designate a Designated Borrower (other than the Specified Designated Borrower) in any jurisdiction other than the United States in which any
        Revolving Credit Lender is not legally permitted to make Credit Extensions.

    
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               2.15

            	
               

            	
              Defaulting Lenders.

            

        

      

     

    

    (a) Adjustments.  Notwithstanding anything to the contrary contained in
        this Agreement, if any Lender becomes a Defaulting Lender, then, until such time as that Lender is no longer a Defaulting Lender, to the extent permitted by applicable Law:

    (i) Waivers and Amendments.  That 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 Section 10.01.

    (ii) Reallocation of Payments.  Any payment of principal, interest, fees or
        other amounts received by the Administrative Agent for the account of that Defaulting Lender (whether voluntary or mandatory, at maturity, pursuant to Article VIII or otherwise, and including any
        amounts made available to the Administrative Agent by that Defaulting Lender pursuant to Section 10.08), shall be applied at such time or times as
        may be determined by the Administrative Agent as follows:  first, to the payment of any amounts owing by that Defaulting Lender to the
        Administrative Agent hereunder; second, to the payment on a pro rata basis of any amounts owing by that Defaulting Lender to the L/C
        Issuer or Swing Line Lender hereunder; third, if so determined by the Administrative Agent or requested by the L/C Issuer or Swing Line
        Lender, to be held as Cash Collateral for future funding obligations of that Defaulting Lender of any participation in any Swing Line Loan or Letter of Credit; fourth, as the Company may request (so long as no Default or Event of Default exists), to the funding of any Loan in respect of which that Defaulting Lender has failed to fund its portion thereof as required by this
        Agreement, as determined by the Administrative Agent; fifth, if so determined by the Administrative Agent and the Company, to be held in a non-interest bearing deposit account and released in order to satisfy obligations of that Defaulting Lender to fund Loans
        under this Agreement; sixth, to the payment of any amounts owing to the Lenders, the L/C Issuer or Swing Line Lender as a result of any
        judgment of a court of competent jurisdiction obtained by any Lender, the L/C Issuer or Swing Line Lender against that Defaulting Lender as a result of that 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 Borrowers as a result of any judgment
        of a court of competent jurisdiction obtained by the Borrowers against that Defaulting Lender as a result of that Defaulting Lender’s breach of its obligations under this Agreement; and eighth, to that
        Defaulting Lender or as otherwise directed by a court of competent jurisdiction; provided that if (x) such payment is a payment of the principal
        amount of any Loans or L/C Borrowings in respect of which that Defaulting Lender has not fully funded its appropriate share and (y) such Loans or L/C Borrowings were made at a time when the conditions set forth in Section 4.02 were satisfied or waived, such payment shall be applied solely to pay the Loans of, and L/C Borrowings owed to, all non-Defaulting Lenders on a pro rata basis prior
        to being applied to the payment of any Loans of, or L/C Borrowings owed to, that Defaulting Lender.  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 2.15(a)(ii) shall be deemed paid to and redirected by that Defaulting Lender, and each
        Lender irrevocably consents hereto.

    (iii) Certain Fees.  That Defaulting Lender (x) shall
        not be entitled to receive any commitment fee pursuant to Section 2.09(a) for any period during which that Lender is a Defaulting Lender (and the
        Borrowers shall not be required to pay any such fee that otherwise would have been required to have been paid to that Defaulting Lender) and (y) shall be limited in its right to receive Letter of Credit Fees as provided in Section 2.03(i).

    
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    (iv) Reallocation of Applicable Percentages to Reduce Fronting Exposure. 
        During any period in which there is a Defaulting Lender that is a Revolving Credit Lender, for purposes of computing the amount of the obligation of each non-Defaulting Lender that is a Revolving Credit Lender to acquire, refinance or fund
        participations in Letters of Credit or Swing Line Loans pursuant to Sections 2.03 and 2.04, the “Applicable Percentage” of the Revolving Credit Facility of each such non-Defaulting Lender shall be computed without giving effect to the Revolving Credit Commitment of that Defaulting Lender; provided that, (i) each such reallocation shall be given effect only if, at the date the applicable Lender becomes a Defaulting Lender, no Default or
        Event of Default exists (provided that on any date thereafter during such period, to the extent that such Default or Event of Default has been cured
        or waived, such reallocation shall occur on such later date); and (ii) the aggregate obligation of each non-Defaulting Lender to acquire, refinance or fund participations in Letters of Credit and Swing Line Loans shall not exceed the positive
        difference, if any, of (1) the Revolving Credit Commitment of that non-Defaulting Lender minus (2) the aggregate Outstanding Amount of the Revolving
        Credit Loans of that Lender.  Subject to Section 10.26, 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.

    (b) Defaulting Lender Cure.  If the Company, the Administrative Agent,
        Swing Line Lender and the L/C Issuer agree in writing in their sole discretion that a Defaulting Lender should no longer be deemed to be 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), that Lender will, to the extent applicable, purchase that portion of outstanding Revolving Credit
        Loans of the other Lenders or take such other actions as the Administrative Agent may determine to be necessary to cause the Revolving Credit Loans and funded and unfunded participations in Letters of Credit and Swing Line Loans to be held on a pro
        rata basis by the Lenders in accordance with their Applicable Percentages (without giving effect to Section 2.15(a)(iv)), whereupon that 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 Borrowers while that Lender was a Defaulting Lender; 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.

          2.16  Designated Lenders.  Each of the Administrative Agent, the L/C Issuer and each Lender at its option may make any Credit Extension or otherwise perform itsobligations hereunder through any Lending Office (each, a “Designated Lender”); provided that any exercise of such option shall not affect the obligation of such Borrower to repay any Credit Extension in accordance with the terms of this Agreement.  Any Designated
        Lender shall be considered a Lender; provided that in the case of an Affiliate or branch of a Lender, all provisions applicable to a Lender shall
        apply to such Affiliate or branch of such Lender to the same extent as such Lender. 

    
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               2.17

            	
               

            	
              Incremental Commitments.

            

        

      

     

    

    (a) Company Request.  After the Closing Date the Company may by written
        notice to the Administrative Agent request (x) commitments (each, an “Incremental Term Increase”) to increase the aggregate principal amount of any
        existing Term Facility or to establish one or more new Term Facilities (each, an “Incremental Term Facility”) and/or (y) commitments (each, an “Incremental Revolving Increase”) to increase the Revolving Credit Commitments under any existing Revolving Credit Facility or to establish one or more
        new revolving facilities (each, an “Incremental Revolving Credit Facility” and, together with any Incremental Term Increase, Incremental Term
        Facility and Incremental Revolving Increase, the “Incremental Facilities”) not to exceed the Incremental Cap available at the time any such
        Incremental Facility is funded or established, as applicable, from one or more lenders willing to provide such Incremental Facility in their sole discretion; provided
        that each new lender under an Incremental Revolving Credit Facility or Incremental Revolving Increase shall be subject to the approval of the Administrative Agent, the L/C Issuer and the Swing Line Lender (which approvals shall not be unreasonably
        withheld, conditioned or delayed) to the extent the same would be required for an assignment under Section 10.06.  Each such notice shall specify
        (i) the date (each, an “Incremental Effective Date”) on which the Company proposes that the Incremental Facility shall be effective, which shall be a
        date not less than 10 Business Days after the date on which such notice is delivered to the Administrative Agent (or such shorter period approved by the Administrative Agent) and (ii) the identity of each Eligible Assignee to whom the Borrower
        proposes any portion of such Incremental Facility be allocated and the amounts of such allocations; provided that any existing Lender approached to
        provide all or a portion of the Incremental Facility may elect or decline, in its sole discretion, to provide such Incremental Facility.  Each Incremental Facility shall be in an aggregate amount of $50,000,000 or any whole multiple of $5,000,000
        in excess thereof (provided that such amount may be less than $50,000,000 if such amount represents all remaining availability under the aggregate
        limit in respect of Incremental Facilities set forth in above).

    (b) Conditions.  Each Incremental Facility shall become effective as of
        the Incremental Effective Date; provided that:

    (i) each of the conditions set forth in Section 4.02 shall be satisfied;
        provided that, in the case of Section 4.02(a), to
        the extent such Incremental Facility is being incurred to fund a Permitted Acquisition, such condition shall be limited to the Specified Representations;

    (ii) as of the last day of the most recently ended Test Period, on a Pro Forma Basis after giving effect to the incurrence of any Incremental Facility, any acquisition or
        investment consummated in connection therewith and all other appropriate pro forma adjustments (but (x) without netting any cash proceeds from such incurrence and (y) treating any proposed Incremental Revolving Credit Facility or proposed Incremental Revolving Increase as fully
        drawn), the Company would be in compliance with Section 7.11; and

    (iii) the Company shall deliver or cause to be delivered officer’s certificates and legal opinions of the type delivered on the Closing Date to the extent reasonably requested
        by, and in form and substance reasonably satisfactory to, the Administrative Agent.

    (c) Terms of Incremental Facilities.  The terms and provisions of the
        Incremental Facilities shall be as follows:

    (i) the terms and provisions of (x) Revolving Credit Loans made pursuant to an Incremental Revolving Increase shall be identical to the Revolving Credit Loans under the
        Revolving Credit Facility subject to such increase and (y) the Term Loans made pursuant to an Incremental Term Increase shall be identical to the Term Loans under the Term Facility subject to such increase, in each case, other than with respect to
        upfront fees and customary arranger fees;

    (ii) (x) maturity date of any Incremental Term A Facility shall be no earlier than the maturity date for the Term A-3 Facility, (y) the maturity date of any Incremental Term
        B Facility shall be no earlier than the maturity date for the Term B-2 Facility and (z) the maturity date of any Incremental Revolving Credit
          Facility shall be no earlier than the maturity date for the Revolving Credit Facility;

    
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    (iii) the amortization schedule for each Incremental Term Facility shall be determined by the Borrower and the Lenders of such Incremental Facility; provided that (x) the Weighted Average Life to Maturity of any Incremental Term A Facility shall be no shorter than the Weighted Average Life to Maturity of the Term A-3
        Facility and (y) the Weighted Average Life to Maturity of any Incremental Term B Facility shall be no shorter than the Weighted Average Life to Maturity of the Term B-2 Facility;

    (iv) the Applicable Rate, interest margin, upfront fees and OID for each Incremental Facility shall be determined by the Borrower and the Lenders of such Incremental
        Facility; provided that in the event that the “yield” of any Incremental Term B Facility after the Third Amendment Effective Date exceeds the
        “yield” for the Term B-2 Facility on the Third Amendment Effective Date by more than 50 basis points, then the Applicable Rate for the Term B-2 Facility shall be increased to the extent necessary so that the “yield” for the Incremental Term B
        Facility is not more than 50 basis points higher than the “yield” for the Term B-2 Facility; provided, further, that in determining the “yield” applicable to the Term B-2 Facility and the “yield” for the Incremental Term B Facility, (x) interest margin, Eurocurrency Rate floor, Base Rate
        floor, OID or upfront fees (which shall be deemed to constitute like amounts of OID) payable by the Company for the account of the Lenders of the Term B-2 Facility in the primary syndication thereof shall be included (with OID being equated to
        interest based on an assumed four-year life to maturity) as part of the “yield” of the Term B-2 Facility, and  interest margin, Eurocurrency Rate floor, Base Rate floor, OID or upfront fees (which shall be deemed to constitute like amounts of OID)
        payable by the Company for the account of the Lenders of the Incremental Term B Facility in the primary syndication thereof shall be included (with OID being equated to interest based on an assumed four-year life to maturity) as part of the “yield”
        of the Incremental Term B Facility (y) customary arrangement, structuring, underwriting, amendment or commitment fees payable to the Joint Lead Arrangers (or their affiliates) in connection with the Term B-2 Facility or to one or more arrangers (or
        their affiliates) of the Incremental Term B Facility shall be excluded, and (z) if the Eurocurrency Rate or Base Rate floor for the Incremental Term B Facility is greater than the Eurocurrency Rate or Base Rate floor, respectively, for the Term B-2
        Facility, the difference between such floor for the Incremental Term B Facility and the existing Term B-2 Facility shall be equated to an increase in the “yield” for purposes of this clause (iv);

    (v) each Incremental Facility shall be secured by a pari passu
        lien on the Collateral securing the Facilities on terms and pursuant to documentation reasonably satisfactory to the Administrative Agent;

    (vi) any Incremental Revolving Credit Facility shall be on terms and pursuant to documentation as determined by the Company and the lenders providing such Incremental
        Revolving Credit Facility agree; provided that to the extent the terms and documentation with respect to any Incremental Revolving Credit Facility
        are not consistent with the existing Revolving Credit Facility (except with respect to matters contemplated by clauses (ii) and (iv) above), the terms, conditions and documentation of any such Incremental Revolving Credit Facility shall be
        reasonably satisfactory to the Administrative Agent; and

    (vii)  any Incremental Term Facility shall be on terms and pursuant to
        documentation as determined by the Company and the lenders providing such Incremental Term Facility agree; provided that to the extent the terms and
        documentation with respect to any Incremental Term Facility are not consistent with the existing Term Loan Facilities (except with respect to matters contemplated by clauses (ii), (iii) and (iv) above), the terms, conditions and documentation of
        any such Incremental Term Facility shall be reasonably satisfactory to the Administrative Agent.

    
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    (d) Additional Credit Extension Amendment.  The Incremental Facilities
        shall be documented by an Additional Credit Extension Amendment executed by the Persons providing the Incremental Facilities (and the other Persons specified in the definition of Additional Credit Extension Amendment but no other existing Lender),
        and the Additional Credit Extension Amendment may provide for such amendments to this Agreement and the other Loan Documents as may be necessary or appropriate, in the reasonable opinion of the Administrative Agent and the Company, to effect the
        provisions of this Section 2.17.

    (e) Adjustment of Revolving Credit Loans.  In the case of an Incremental
        Revolving Increase, then each Revolving Credit Lender that is acquiring a Revolving Credit Commitment thereunder on the Incremental Effective Date shall make a Revolving Credit Loan, the proceeds of which will be used to prepay Revolving Credit
        Loans of the other Revolving Credit Lenders immediately prior to such Incremental Effective Date, so that, after giving effect thereto, the Revolving Credit Loans outstanding are held by the Revolving Credit Lenders pro rata based on their
        Revolving Credit Commitments after giving effect to such Incremental Effective Date.  If there is a new borrowing of Revolving Credit Loans on such Incremental Effective Date, the Revolving Credit Lenders after giving effect to such Incremental
        Effective Date shall make such Revolving Credit Loans in accordance with Section 2.01(f).

    (f) Making of New Term Loans.  On any Incremental Effective Date on which
        new Commitments for Term Loans are effective, subject to the satisfaction of the foregoing terms and conditions, each Lender of such new Commitment shall make a Term Loan to the Company in an amount equal to its new Commitment.

    (g) Equal and Ratable Benefit.  The Loans and Commitments established
        pursuant to this Section 2.17 shall constitute Loans and Commitments under, and shall be entitled to all the benefits afforded by, this Agreement
        and the other Loan Documents, and shall, without limiting the foregoing, benefit equally and ratably from the Guaranties and security interests created by the Collateral Documents.  The Loan Parties shall take any actions reasonably required by the
        Administrative Agent to ensure and/or demonstrate that the Lien and security interests granted by the Collateral Documents continue to be perfected under the UCC or otherwise after giving effect to the establishment of any such Class of Loans or
        any such new Commitments.

    (h) This Section 2.17 shall supersede any provisions in Section 2.12 or Section 10.01 to the contrary.

    
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               2.18

            	
               

            	
              Refinancing Facilities.

            

        

    

     

    

    (a) At any time after the Closing Date, the Company may obtain Credit Agreement Refinancing Indebtedness in respect of (i) all or any portion of any Class of Term Loans then
        outstanding under this Agreement (which for purposes of this clause (i) will be deemed to include any then outstanding Term Loans established pursuant to an Additional Credit Extension Amendment) or (ii) all or any portion of the Revolving Credit
        Loans (or unused Revolving Credit Commitments) under this Agreement (which for purposes of this clause (ii) will be deemed to include any then outstanding Revolving Credit Loans or Revolving Credit Commitments established pursuant to an Additional
        Credit Extension Amendment), in the form of (x) other Term Loans (“Refinancing Term Loans”) or (y) other Revolving Credit Loans (“Refinancing Revolving Credit Loans”) or other Revolving Credit Commitments (“Refinancing Revolving Credit Commitments”), as the case may be, in each case pursuant to an Additional Credit Extension Amendment; provided that the Net Cash Proceeds of such Credit Agreement Refinancing Indebtedness shall be applied, substantially concurrently with the incurrence thereof, to the prepayment of outstanding Term Loans or
        reduction of Revolving Credit Commitments being so Refinanced, as the case may be.  The effectiveness of any Additional Credit Extension Amendment establishing Credit Agreement Refinancing Indebtedness shall be subject to the satisfaction on the
        date thereof of each of the conditions set forth in Section 4.02 and, to the extent reasonably requested by the Administrative Agent, receipt by the
        Administrative Agent of legal opinions, board resolutions, officers’ certificates and/or reaffirmation agreements consistent with those delivered on the Closing Date under Section 4.01 (other than changes to such legal opinions resulting from a change in law, change in fact or change to counsel’s form of opinion reasonably satisfactory to the Administrative Agent).  Any
        Credit Agreement Refinancing Indebtedness incurred under this Section 2.18 shall be in an aggregate principal amount that is not less than
        $10,000,000 and an integral multiple of $1,000,000 in excess thereof (in each case unless the Company and the Administrative Agent otherwise agree).  Any Additional Credit Extension Amendment establishing Credit Agreement Refinancing Indebtedness
        may provide for the issuance of letters of credit or the provision of swing line loans pursuant to any Revolving Credit Commitments of Credit Agreement Refinancing Indebtedness established thereby, in each case on terms substantially equivalent to
        the terms applicable to Letters of Credit and Swing Line Loans under the Revolving Credit Commitments; provided that no L/C Issuer or Swing Line
        Lender shall be required to act as “L/C issuer” or “swing line lender” under any such Additional Credit Extension Amendment without its written consent.  The Administrative Agent shall promptly notify each Lender as to the effectiveness of each
        Additional Credit Extension Amendment.  Each of the parties hereto hereby agrees that, upon the effectiveness of any Additional Credit Extension Amendment establishing Credit Agreement Refinancing Indebtedness, this Agreement shall be deemed
        amended to the extent (but only to the extent) necessary to reflect the existence and terms of the Credit Agreement Refinancing Indebtedness incurred pursuant thereto (including any amendments necessary to treat the Loans and Commitments subject
        thereto as Term Loans, Revolving Credit Loans, Revolving Credit Commitments and/or Term Commitments).  Any Additional Credit Extension Amendment establishing Credit Agreement Refinancing Indebtedness 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 reasonable opinion of the Administrative Agent and the Company, to effect the provisions of this Section 2.18.

    (b) This Section 2.18 shall supersede any provisions in Section 2.12 or Section 10.01 to the contrary.

    
      	
               2.19

            	
               

            	
              Amend and Extend Transactions

            

       

     

    

    (a) The Company may, by written notice to the Administrative Agent from time to time, request an extension (each, an “Extension”) of the maturity date of any Loans and Commitments to the extended maturity date specified in such notice.  Such notice shall (i) set forth the amount of the applicable Class of Revolving
        Credit Commitments and/or Term Loans that will be subject to the Extension (which shall be in a minimum amount of $100,000,000), (ii) set forth the date on which such Extension is requested to become effective (which shall be not less than ten (10)
        Business Days nor more than sixty (60) days after the date of such Extension notice (or such longer or shorter periods as the Administrative Agent shall agree in its sole discretion)) and (iii) identify the relevant Class of Revolving Credit
        Commitments and/or Term Loans to which such Extension relates.  Each Lender of the applicable Class of Revolving Credit Commitments and/or Term Loans shall be offered (an “Extension Offer”) an
        opportunity to participate in such Extension on a pro rata basis and on the same terms and conditions as each other Lender of such Class of Revolving Credit Commitments and/or Term Loans pursuant to procedures established by, or reasonably
        acceptable to, the Administrative Agent and the Company.  If the aggregate principal amount of Revolving Credit Commitments or Term Loans in respect of which Lenders shall have accepted the relevant Extension Offer shall exceed the maximum
        aggregate principal amount of Revolving Credit Commitments or Term Loans, as applicable, subject to the Extension Offer as set forth in the Extension notice, then the Revolving Credit Commitments or Term Loans, as applicable, of Lenders of the
        applicable Revolving Credit Commitments and/or Term Loans shall be extended ratably up to such maximum amount based on the respective principal amounts with respect to which such Lenders have accepted such Extension Offer.

    
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    (b) The following shall be conditions precedent to the effectiveness of any Extension:  (i) the conditions set forth in Sections 4.01(a) and (b) shall be satisfied (as if the references therein to Credit
        Extension were replaced with Extension), (ii) the L/C Issuer and the Swing Line Lender shall have consented to any Extension of the Revolving Credit Commitments, to the extent that such Extension provides for the issuance or extension of Letters of
        Credit or making of Swing Line Loans at any time during the extended period and (iii) the terms of such Extended Revolving Credit Commitments and Extended Term Loans shall comply with paragraph (c) of this Section 2.19.

    (c) The terms of each Extension shall be determined by the Company and the applicable extending Lenders and set forth in an Additional Credit Extension Amendment; provided that (i) the final maturity date of any Extended Revolving Credit Commitment or Extended Term Loan shall be no earlier than the Maturity Date of
        the Revolving Credit Facility or the Maturity Date of the applicable Term Loans, respectively, (ii)(A) there shall be no scheduled amortization of the loans or reductions of commitments under any Extended Revolving Credit Commitments and (B) the
        Weighted Average Life to Maturity of the Extended Term Loans shall be no shorter than the remaining Weighted Average Life to Maturity of the existing Term Loans, (iii) the Extended Revolving Credit Loans and the Extended Term Loans will rank pari passu in right of payment and with respect to security with the existing Revolving Credit Loans and the existing Term Loans and the
        borrower and the guarantors of the Extended Revolving Credit Commitments or Extended Term Loans, as applicable, shall be the same as the Loan Parties with respect to the existing Revolving Credit Loans or Term Loans, as applicable, (iv) the
        interest rate margin, rate floors, fees, OID and premium applicable to any Extended Revolving Credit Commitment (and the Extended Revolving Credit Loans thereunder) and Extended Term Loans shall be determined by the Company and the applicable
        extending Lenders, (v)(A) the Extended Term Loans may participate on a pro rata or less than pro rata (but not greater than pro rata) basis in voluntary or mandatory prepayments with the other Term Loans of the Class being extended and (B)
        borrowing and prepayment of Extended Revolving Credit Loans, or reductions of Extended Revolving Credit Commitments, and participation in Letters of Credit and Swing Line Loans, shall be on a pro rata basis with the other Revolving Credit Loans or
        Revolving Credit Commitments of the Class being extended (other than upon the maturity of the non-extended Revolving Credit Loans and Revolving Credit Commitments) and (vi) the terms of the Extended Revolving Credit Commitments or Extended Term
        Loans, as applicable, shall be substantially identical to the terms set forth herein with respect to the applicable Class being extended (except as set forth in clauses (i) through (v) above).

    (d) In connection with any Extension, the Company, the Administrative Agent and each applicable extending Lender shall execute and deliver to the Administrative Agent an
        Additional Credit Extension Amendment and such other documentation as the Administrative Agent shall reasonably specify to evidence the Extension.  The Administrative Agent shall promptly notify each Lender as to the effectiveness of each
        Extension.  Any Additional Credit Extension Amendment may, without the consent of any other Lender, effect such amendments to this Agreement and the other Loan Documents as may be necessary or appropriate, in the reasonable opinion of the
        Administrative Agent and the Company, to implement the terms of any such Extension, including any amendments necessary to establish Extended Revolving Credit Commitments or Extended Term Loans as a new Class or tranche of Revolving Credit
        Commitments or Term Loans, as applicable, and such other technical amendments as may be necessary or appropriate in the reasonable opinion of the Administrative Agent and the Company in connection with the establishment of such new Class or tranche
        (including to preserve the pro rata treatment of the extended and non-extended Classes or tranches and to provide for the reallocation of Total Revolving Credit Outstandings upon the expiration or termination of the commitments under any Class or
        tranche), in each case on terms consistent with this Section 2.19.

    
      - 95 -

      
        

    

    (e) This Section 2.19 shall supersede any provision in Section 2.12 or Section 10.01 to the contrary.

    ARTICLE
          II

        TAXES, YIELD PROTECTION AND ILLEGALITY

    
      	
               3.01

            	
               

            	
              Taxes.

            

    

     

    

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

        (4)  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 Administrative Agent or the Company) require the deduction or withholding of any Tax from any such payment by the Administrative Agent, a Borrower or other applicable withholding agent, then the applicable
        withholding agent shall be entitled to make such deduction or withholding, upon the basis of the information and documentation to be delivered pursuant to subsection (e) below.

        (ii)    If any Borrower, the Administrative Agent or other applicable withholding agent shall be required by the
      Code to withhold or deduct any Taxes, including both United States Federal backup withholding and withholding 

     taxes, from any payment, then (A) the applicable withholding agent shall withhold or make such deductions as are
        determined by the withholding agent to be required based upon the information and documentation it has received pursuant to subsection (e) below, (B) the applicable withholding agent shall timely pay the full amount withheld or deducted to the
        relevant Governmental Authority in accordance with the Code, and (C) to the extent that the withholding or deduction is made on account of Indemnified Taxes, the sum payable by the applicable Borrower shall be increased as necessary so that after
        any required withholding or the making of all required deductions for Indemnified Taxes (including deductions for Indemnified Taxes applicable to additional sums payable under this Section 3.01) 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 Borrower, the Administrative Agent or other applicable
      withholding agent shall be required by any applicable Laws other than the Code to withhold or deduct any Taxes from any payment, then (A) such 

     withholding 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 subsection (e) below, (B) such  withholding 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 Borrower shall be increased as necessary so that after any
        required withholding or the making of all required deductions for Indemnified Taxes (including deductions for Indemnified Taxes applicable to additional sums payable under this Section 3.01) 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 Borrowers.  Without limiting the
        provisions of subsection (a) above, the Borrowers shall timely 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.

    
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    (c) Tax Indemnifications.  (7)  Each of the Borrowers shall, and does
        hereby indemnify each Recipient, and shall make payment in respect thereof within 10 days after written 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 3.01) 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.  If a Borrower determines in its reasonable judgment that a
        reasonable basis exists for contesting an Indemnified Tax or Other Tax, the Administrative Agent, any Lender, or the L/C Issuer, as the case may be, shall reasonably cooperate with such Borrower in challenging such Indemnified Tax or Other Tax.  A
        reasonably detailed certificate as to the amount of such payment or liability delivered to the Company by a Lender or the L/C Issuer (with a copy to the Administrative Agent), or by the Administrative Agent on its own behalf or on behalf of a
        Lender or the L/C Issuer, shall be conclusive absent manifest error.  Each of the Borrowers shall, and does hereby, indemnify the Administrative Agent, and shall make payment in respect thereof within 10 days after written demand therefor, for any
        amount that a Lender or the L/C Issuer for any reason fails to pay indefeasibly to the Administrative Agent as required pursuant to Section 3.01(c)(ii)
        below.  Any such claim against a Borrower must be made within 90 days of the payment to which such claim relates.

        (ii)    Each Lender and the L/C Issuer shall, and does hereby, severally indemnify, and shall make payment in
      respect thereof within 10 days after demand therefor, (x) the Administrative Agent against any Indemnified Taxes 

     attributable to such Lender or the L/C Issuer (but only to the extent that any Borrower has not already
        indemnified the Administrative Agent for such Indemnified Taxes and without limiting the obligation of such Borrower to do so), (y) the Administrative Agent and the Borrowers, as applicable, against any Taxes attributable to such Lender’s failure
        to comply with the provisions of Section 10.06(d) relating to the maintenance of a Participant Register and (z) the Administrative Agent and the
        Borrowers, as applicable, against any Excluded Taxes attributable to such Lender or the L/C Issuer, in each case, that are payable or paid by the Administrative Agent or a Borrower 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 and the L/C Issuer hereby authorizes the Administrative Agent to set off and apply any and all amounts at any time owing to such Lender or the L/C Issuer, as the case may
        be, under this Agreement or any other Loan Document against any amount due to the Administrative Agent under this clause (ii).

    (d) Evidence of Payments.  Upon request by a Borrower or the Administrative Agent, as the case may be, after any payment of Taxes by any Borrower or by the Administrative Agent to a Governmental Authority
        as provided in this Section 3.01, such Borrower shall deliver to the Administrative Agent or the Administrative Agent shall deliver to such
        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 Laws to report such payment or other evidence of such payment reasonably
        satisfactory to such Borrower or the Administrative Agent, as the case may be.

    (e) Status of Lenders; Tax Documentation.  (9)  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 Company and the Administrative Agent, at the time or times prescribed by applicable Laws or when reasonably
        requested by the Company or the Administrative Agent, such properly completed and executed documentation prescribed by applicable law or the taxing authorities of a jurisdiction pursuant to such applicable law or reasonably requested by the Company
        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 Company or the Administrative Agent, shall deliver such other
        documentation prescribed by applicable law or reasonably requested by the Company or the Administrative Agent as will enable the Company 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 either (A) set forth in Sections 3.01(e)(ii)(A), (B) and (D) below or (B) required by applicable law other than the Code or the taxing authorities of the jurisdiction pursuant to such applicable law to comply
        with the requirements for exemption or reduction of withholding tax in that jurisdiction) 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.

    
      - 97 -

      
        

    

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

     

    

    (A) any Lender that is a U.S. Person shall deliver to the Company 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 Company or the Administrative Agent), executed originals of IRS Form W 9 certifying that such Lender is exempt from U.S. federal backup withholding tax;

    (B) any Foreign Lender shall, to the extent it is legally entitled to do so, deliver to the Company 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 Company on behalf of such Borrower or the Administrative
        Agent), whichever of the following is applicable:

    (I)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;

    (II)executed originals
        of IRS Form W-8ECI;

    (III)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 M-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 Company within the meaning of Section 881(c)(3)(B) of the Code, or a “controlled foreign corporation” described in Section 881(c)(3)(C)
        of the Code (a “U.S. Tax Compliance Certificate”) and (y) executed originals of IRS Form W-8BEN or W-8BEN-E, as applicable; or

    (IV)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 M-2 or Exhibit M-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 M-4 on behalf of each such direct and indirect partner;

    
      - 98 -

      
        

    

    (C) any Foreign Lender shall, to the extent it is legally entitled to do so, deliver to the Company 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 Company or the Administrative Agent), executed originals of
        any other form prescribed by applicable law as a basis for claiming exemption from or a reduction in U.S. federal withholding Tax, duly completed, together with such supplementary documentation as may be prescribed by applicable law to permit the
        Company or the Administrative Agent to determine the withholding or deduction required to be made; and

    (D) if a payment made to a Lender under any Loan Document would be subject to U.S. federal withholding Tax imposed by FATCA if such Lender were to fail to comply with the
        applicable reporting requirements of FATCA (including those contained in Section 1471(b) or 1472(b) of the Code, as applicable), such Lender shall deliver to the Company and the Administrative Agent at the time or times prescribed by law and at
        such time or times reasonably requested by the Company 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 Company or the Administrative Agent as may be necessary for the Company 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.

        (iii)    Each Lender agrees that if any form or certification it previously delivered pursuant to this Section 3.01
      expires or becomes obsolete or inaccurate in any respect, it shall update such form or certification or promptly notify the Company and the Administrative Agent in writing of its legal inability to do so.

     

    

        (iv)    A Treaty Lender and a Designated Borrower that is resident in the United Kingdom for tax purposes or any
      Designated Borrower or Foreign Subsidiary Guarantor that is making payments of interest which arise in the United Kingdom shall cooperate in completing any procedural formalities necessary for the Designated Borrower or the Foreign Subsidiary
      Guarantor, as the case may be, to obtain authorization to make payments to the Treaty Lender with respect to a Loan to the Designated Borrower or with respect to a Foreign Subsidiary Guarantor without or with a reduction of withholding Tax.  Without
      limiting the generality of the foregoing, in the event that a Designated Borrower is resident in the United Kingdom for tax purposes:

     

    

    (A) any Treaty Lender that holds a passport under the UK HM Revenue & Customs DT Treaty Passport Scheme, and which wishes that scheme to apply to this Agreement, shall
        notify its scheme reference number and its jurisdiction of tax residence to such Designated Borrower and the Administrative Agent within 30 days of such Designated Borrower becoming a Designated Borrower hereunder, if the Treaty Lender is a Lender
        as of such date, and in the Assignment and Assumption, if the Treaty Lender becomes a Lender after such date;

    (B) if a Lender has notified its scheme reference number and its jurisdiction of tax residence in accordance with Section 3.01(e)(iv)(A), the relevant Designated Borrower shall file a duly completed  Form DTTP2 to HM Revenue & Customs within 30 days of such notification and deliver a copy of  the completed Form
        DTTP2 to the relevant Lender and Administrative Agent; provided that the failure by such Designated Borrower to file the form DTTP2 with regard to a
        particular Lender shall not negate such Designated Borrower’s obligations with regard to the UK tax gross up/indemnity provisions contained in this Agreement;

    
      - 99 -

      
        

    

    (C) if a Lender has not notified its scheme reference number and jurisdiction of tax residence in accordance with Section 3.01(e)(iv)(A), no Designated Borrower shall make any filing or notification relating to the UK HMRC DT Treaty Passport Scheme in respect of that Lender or its participation in any Loan unless the
        Lender otherwise agrees;

    (D) such Designated Borrower shall cooperate with the Lender in completing any additional procedural formalities necessary for that Designated Borrower to obtain
        authorisation to make that payment without or with a reduction of withholding Tax; and

    (E) Each Treaty Lender shall provide new details (or successor details) to the Designated Borrower and Administrative Agent upon the expiration or obsolescence of any
        previously delivered details.

    (f) Treatment of Certain Refunds.  Unless required by applicable Laws, at
        no time shall the Administrative Agent have any obligation to file for or otherwise pursue on behalf of a Lender or the L/C Issuer, or have any obligation to pay to any Lender or the L/C Issuer, any refund of Taxes withheld or deducted from funds
        paid for the account of such Lender or the L/C Issuer, as the case may be.  If any Recipient determines, in its sole discretion exercised in good faith, that it has received a refund or credit of any Taxes as to which it has been indemnified by any
        Borrower or with respect to which any Borrower has paid additional amounts pursuant to this Section 3.01, it shall pay to such Borrower an amount
        equal to such refund (but only to the extent of indemnity payments made, or additional amounts paid, by a Borrower under this Section 3.01 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
        or credit), provided that each Borrower, upon the request of the Recipient, agrees to repay the amount paid over to such Borrower (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
        subsection, in no event will the applicable Recipient be required to pay any amount to such Borrower pursuant to this subsection 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
        subsection 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 Borrower or any other Person.

    (g) Survival.  Each party’s obligations under this Section 3.01 shall survive the resignation or replacement of the Administrative Agent or any assignment of rights by, or the replacement of, a Lender or
        the L/C Issuer, the termination of the Revolving Credit Commitments and the repayment, satisfaction or discharge of all other Obligations.

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

    
      	
               3.03

            	
               

            	
              Inability to Determine Rates.

            

       

    (a) If in connection with any request for a Eurocurrency Rate Loan or a conversion to or continuation thereof, (i)  the Administrative Agent determines that (A) deposits
        (whether in Dollars or an Alternative Currency) are not being offered to banks in the applicable offshore interbank market for such currency for the applicable amount and Interest Period of such Eurocurrency Rate Loan, (B) adequate and reasonable
        means do not exist for determining the Eurocurrency Rate for any requested Interest Period with respect to a proposed Eurocurrency Rate Loan (whether denominated in Dollars or an Alternative Currency) or in connection with an existing or proposed
        Base Rate Loan or (C) a fundamental change has occurred in the foreign exchange or interbank markets with respect to such Alternative Currency (including, without limitation, changes in national or international financial, political or economic
        conditions or currency exchange rates or exchange controls) which makes the funding or maintaining of Loans in such Alternative Currency impractical for the Appropriate Lenders (in each case with respect to clause (i), “Impacted Loans”), or (ii) the Administrative Agent or the Appropriate Lenders determine that for any reason Eurocurrency Rate for any requested Interest Period with
        respect to a proposed Eurocurrency Rate Loan does not adequately and fairly reflect the cost to such Lenders of funding such Loan, the Administrative Agent will promptly so notify the Borrower and each Lender.  Thereafter, (x) the obligation of the
        Lenders to make or maintain Eurocurrency Rate Loans in the affected currency or currencies shall be suspended (to the extent of the affected Eurocurrency Rate Loans or Interest Periods), and (y) in the event of a determination described in the
        preceding sentence with respect to the Eurocurrency Rate component of the Base Rate, the utilization of the Eurocurrency Rate component in determining the Base Rate shall be suspended, in each case until the Administrative Agent (upon the
        instruction of the Appropriate Lenders) revokes such notice.  Upon receipt of such notice, the Borrower may revoke any pending request for a Borrowing of, conversion to or continuation of Eurocurrency Rate Loans in the affected currency or
        currencies (to the extent of the affected Eurocurrency Rate Loans or Interest Periods) or, failing that, will be deemed to have converted such request into a request for a Borrowing of Base Rate Loans in Dollars in the amount specified therein.

    
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    (b)
       Notwithstanding the foregoing, if the Administrative Agent has
        made the determination described in clause (a)(i) of this Section 3.03, the Administrative Agent in consultation with the Borrower and the
        Appropriate 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 Administrative Agent revokes the notice delivered
        with respect to the Impacted Loans under clause (a)(i) of this Section 3.03, (2) the Administrative Agent or the Appropriate Lenders notify the
        Administrative Agent and 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 Administrative Agent and the Borrower written notice thereof.

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

    (i)
      adequate and reasonable means do not exist for ascertaining LIBOR for any requested Interest Period because the LIBOR Screen Rate is not available or
        published on a current basis and such circumstances are unlikely to be temporary; or

    (ii) the administrator of the LIBOR Screen Rate or a Governmental Authority having jurisdiction over the Administrative Agent has made a
        public statement identifying a specific date after which LIBOR or the LIBOR Screen Rate shall no longer be made available, or used for determining the interest rate of loans (such specific date, the “Scheduled Unavailability Date”), or

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

    then, reasonably promptly after such determination by the Administrative Agent or receipt by the Administrative
        Agent of such notice, as applicable,  the Administrative Agent and the Borrower may amend this Agreement to replace LIBOR with an alternate benchmark rate (including any mathematical or other adjustments to the benchmark (if any) incorporated
        therein)(or other LIBOR Quoted Currency), giving due consideration to any evolving or then existing convention for similar U.S. dollar denominated syndicated credit facilities for such alternative benchmarks (any such proposed rate, a “LIBOR Successor Rate”), together with any proposed LIBOR Successor Rate Conforming Changes and any such amendment shall become effective at 5:00 p.m.
        (New York time) on the fifth Business Day after the Administrative Agent shall have posted such proposed amendment to all Lenders and the Borrower unless, prior to such time, Lenders comprising the Required Lenders have delivered to the
        Administrative Agent written notice that such Required Lenders do not accept such amendment.

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

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

    
      	
               3.04

            	
               

            	
              Increased Costs; Reserves on Eurocurrency Rate Loans.

            

       

     

    

    (a) Increased Costs Generally.  If any Change in Law shall:

    (i) impose, modify or deem applicable any reserve, special deposit, compulsory loan, insurance charge or similar requirement against
        assets of, deposits with or for the account of, or credit extended or participated in by, any Lender (except any reserve requirement contemplated by Section
            3.04(e)) or the L/C Issuer;

    (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 the L/C Issuer or the London interbank market any other condition, cost or expense affecting this Agreement
        or Eurocurrency Rate 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 of making, converting to, continuing or maintaining any Loan the
                interest on which is determined by reference to the Eurocurrency Rate (or of maintaining its obligation to make any such Loan), or to increase the cost to such Lender or the L/C Issuer 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 or the L/C Issuer hereunder (whether of principal, interest or any
                other amount) then, upon request of such Lender or the L/C Issuer, the Company will pay (or cause the applicable Designated Borrower to pay) to such Lender or the L/C Issuer, as the case may be, such additional amount or amounts as will
                compensate such Lender or the L/C Issuer, as the case may be, for such additional costs incurred or reduction suffered; provided that no
                Lender or the L/C Issuer shall be entitled to demand compensation under this clause (a) if it is not the general policy or practice of such Lender or the L/C Issuer, as the case may be, to demand it in similar circumstances under comparable
                provisions of other credit agreements (it being understood that this provision shall not be construed to obligate any Lender or L/C Issuer to make available any information that, in its sole discretion, it deems confidential).

          
	 
	     (b) Capital Requirements.  If any Lender or the L/C Issuer determines that any Change in Law affecting such Lender or the L/C Issuer or any Lending
              Office of such Lender or such Lender’s or the L/C Issuer’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 the L/C Issuer’s capital or on the
              capital of such Lender’s or the L/C Issuer’s holding company, if any, as a consequence of this Agreement, the Commitments of such Lender or the Loans made by, or participations in Letters of Credit or Swing Line Loans held by, such Lender, or
              the Letters of Credit issued by the L/C Issuer, to a level below that which such Lender or the L/C Issuer or such Lender’s or the L/C Issuer’s holding company could have achieved but for such Change in Law (taking into consideration such
              Lender’s or the L/C Issuer’s policies and the policies of such Lender’s or the L/C Issuer’s holding company with respect to capital adequacy), then from time to time the Company will pay (or cause the applicable Designated Borrower to pay) to
              such Lender or the L/C Issuer, as the case may be, such additional amount or amounts as will compensate such Lender or the L/C Issuer or such Lender’s or the L/C Issuer’s holding company for any such reduction suffered.

    

  
    

      

    
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       (c) Certificates for Reimbursement. 

        A certificate of a Lender or the L/C Issuer setting forth the amount or amounts necessary to compensate such Lender or the L/C Issuer or its holding company, as the case may be, as specified in subsection (a) or (b) of this Section 3.04 and delivered to the Company shall be conclusive absent manifest error.  The Company shall pay (or cause the applicable Designated Borrower to pay) such
        Lender or the L/C Issuer, as the case may be, the amount shown as due on any such certificate within 10 days after receipt thereof.

       (d) Delay in Requests. 
        Failure or delay on the part of any Lender or the L/C Issuer to demand compensation pursuant to the foregoing provisions of this Section 3.04 shall
        not constitute a waiver of such Lender’s or the L/C Issuer’s right to demand such compensation, provided that no Borrower shall be required to
        compensate a Lender or the L/C Issuer pursuant to the foregoing provisions of this Section 3.04 for any increased costs incurred or reductions
        suffered more than nine months prior to the date that such Lender or the L/C Issuer, as the case may be, notifies the Company of the Change in Law giving rise to such increased costs or reductions and of such Lender’s or the L/C Issuer’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 nine-month period referred to above shall be extended to include the period of retroactive effect thereof).

       (e) Additional Reserve Requirements. 

        The Company shall pay (or cause the applicable Designated Borrower to pay) to each Lender, (i) as long as such Lender shall be
        required to maintain reserves with respect to liabilities or assets consisting of or including Eurocurrency funds or deposits (currently known as “Eurocurrency liabilities”), additional interest on the unpaid principal amount of each Eurocurrency
        Rate Loan equal to the actual costs of such reserves allocated to such Loan by such Lender (as determined by such Lender in good faith, which determination shall be conclusive absent demonstrable error), and (ii) as long as such Lender shall be
        required to comply with any reserve ratio requirement 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 Eurocurrency Rate Loans (other
        than to the extent required to be reimbursed pursuant to the foregoing clause (i)), such additional costs (expressed as a percentage per annum and rounded upwards, if necessary, to the nearest five decimal places) equal to the actual costs
        allocated to such Commitment or Loan by such Lender (as determined by such Lender in good faith, which determination shall be conclusive absent demonstrable error), which in each case shall be due and payable on each date on which interest is
        payable on such Loan, provided the Company shall have received at least 10 days’ prior notice (with a copy to the Administrative Agent) of such
        additional interest or costs from such Lender.  If a Lender fails to give notice 10 days prior to the relevant Interest Payment Date, such additional

        interest or costs shall be due and payable 10 days from receipt of such notice.

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

    
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       (a)    (any continuation, conversion, payment or prepayment of any Loan other than a Base Rate Loan on a day other than the last day of the Interest Period for such
      Loan (whether voluntary, mandatory, automatic, by reason of acceleration, or otherwise);

     

    

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

       (c) any failure by any Borrower to make payment of any Loan or drawing under any Letter of Credit (or interest due thereon)
        denominated in an Alternative Currency on its scheduled due date or any payment thereof in a different currency; or

       (d) any assignment of a Eurocurrency Rate Loan on a day other than the last day of the Interest Period therefor as a result of a
        request by the Company pursuant to Section 10.13;

    
      	
              excluding any loss of anticipated profits, but including any foreign exchange losses and any loss or expense arising from the liquidation or
                  reemployment of funds obtained by it to maintain such Loan, from fees payable to terminate the deposits from which such funds were obtained or from the performance of any foreign exchange contract.  The Company shall also pay (or cause
                  the applicable Designated Borrower to pay) any customary administrative fees charged by such Lender in connection with the foregoing.

            
	 
	 For purposes of calculating amounts payable by the Company (or the applicable Designated Borrower) to
                the Lenders under this Section 3.05, each Lender shall be deemed to have funded each Eurocurrency Rate Loan made by it at the Eurocurrency
                Rate for such Loan by a matching deposit or other borrowing in the offshore interbank market for such currency for a comparable amount and for a comparable period, whether or not such Eurocurrency Rate Loan was in fact so funded.

    

    

    
      	
               3.06

            	
               

            	
              Mitigation Obligations; Replacement of Lenders.

            

    

     

    

      (a) Designation of a Different Lending Office.  If any Lender requests compensation under Section 3.04, or requires any Borrower to pay any Indemnified Taxes or additional amounts to any Lender, the L/C Issuer, or any Governmental Authority for the account of any
        Lender or the L/C Issuer pursuant to Section 3.01, or if any Lender gives a notice pursuant to Section 3.02, then at the request of the Company such Lender or the L/C Issuer shall, as applicable, use reasonable efforts to designate a different Lending Office for funding or booking its
        Loans hereunder or to assign its rights and obligations hereunder to another of its offices, branches or affiliates, if, in the judgment of such Lender or the L/C Issuer, such designation or assignment (i) would eliminate amounts payable pursuant
        to Section 3.01 or 3.04, as the case may be, in
        the future, or eliminate the need for the notice pursuant to Section 3.02, as applicable, and (ii) in each case, would not subject such Lender or
        the L/C Issuer, as the case may be, to any unreimbursed cost or expense and would not otherwise be disadvantageous to such Lender or the L/C Issuer, as the case may be.  The Company hereby agrees to pay (or cause the applicable Designated Borrower
        to pay) all reasonable costs and expenses incurred by any Lender or the L/C Issuer in connection with any such designation or assignment.

      (b) Replacement of Lenders.  If any Lender requests compensation under Section 3.04, or if any 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 3.01, and, in each case, such Lender has declined or is unable to designate a different lending office in accordance with Section 3.06(a), the Company may replace such Lender in accordance with Section 10.13.

    
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       3.07  Survival. 

        All obligations of the Borrowers under this Article III shall survive termination of the Revolving Credit Facility, repayment of all other
        Obligations hereunder, and resignation of the Administrative Agent.

       3.08  Obligations

          Under Article III.  The obligations under this Article III of each Borrower that is a Domestic Subsidiary shall be joint and several in
        nature.  The obligations under this Article III of all Designated Borrowers that are Foreign Subsidiaries and of the Specified Designated Borrower
        shall be several in nature.

    ARTICLE
          III

        CONDITIONS PRECEDENT TO CREDIT EXTENSIONS

       4.01  Conditions

          of Initial Credit Extension.  The obligation of the L/C Issuer and each Lender to make its initial Credit Extension hereunder is subject to satisfaction of the following conditions precedent:

        (a)   The Administrative Agent’s receipt of the following, each of which shall
        be originals or telecopies or pdf copies (followed promptly by originals) unless otherwise specified, each properly executed by a Responsible Officer of the signing Loan Party, each dated the Closing Date (or, in the case of certificates of
        governmental officials, a recent date before the Closing Date) and each in form and substance satisfactory to the Administrative Agent and each of the Lenders:

       (i)   executed counterparts of (A) this Agreement, (B) the Company Guaranty, (C) the Domestic Subsidiary Guaranty and (D) Foreign Subsidiary Guaranties from each Foreign
        Subsidiary Guarantor set forth on Schedule 4.01(a)(i), each sufficient in number for distribution to the Administrative Agent, each Lender and the
        Company;

            (ii)   Notes executed by the Company in
        favor of each Lender requesting Notes;

       (iii)  executed counterparts
        of (A) the U.S. Security Agreement and (B) except as provided on Schedule 6.16, each other Foreign Subsidiary Pledge Document, in each case of
        clauses (A) and (B), sufficient in number for distribution to the Administrative Agent, each Lender and the Company, together with:

       (A) certificates and instruments representing (I) the certificated Equity Interests of Domestic Subsidiaries that are
        Material Subsidiaries required to be delivered thereunder, accompanied by undated stock powers executed in blank, as applicable (except, in the case of EFS and its subsidiaries, where the Borrower is unable to deliver such certificated Equity
        Interests after using commercially reasonable efforts to do so, in which case such certificated Equity Interests shall be delivered as promptly as practicable following the Closing Date), and (II) except as described on Schedule 6.16, any other certificated Equity Interests, debt securities and promissory notes required to be delivered thereunder, accompanied by undated stock powers or
        instruments of transfer executed in blank, as applicable

       (B) proper financing statements in form appropriate for filing under the
        Uniform Commercial Code of all jurisdictions that the Administrative Agent may deem necessary or desirable in order to perfect the Liens created under the U.S. Security Agreement, covering the Collateral described in the U.S. Security Agreement;

    
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       (C) copies of UCC, United States Patent and Trademark Office and United States Copyright Office, tax and judgment lien
        searches in United States search locations, copies of the charges register (if any) from Companies House in the United Kingdom for all Loan Parties incorporated in the United Kingdom, lien searches at the greffe
        of the competent commercial court in France for all Loan Parties incorporated in France, and lien searches from the Personal Property Securities Register in Australia for all Loan Parties incorporated in Australia and the Company, each of a recent
        date listing all effective financing statements, lien notices or comparable documents (together with copies of such financing statements and documents) that name any Loan Party as debtor and that are filed in those state and county jurisdictions in
        which any Loan Party is organized or maintains its principal place of business and such other searches that the Administrative Agent reasonably requests, none of which encumber the Collateral covered by the Collateral Documents (other than Liens
        permitted pursuant to Section 7.01); and

       (D) a Perfection Certificate, in substantially the form of Exhibit J, duly executed by each Domestic Loan Party;

        (iv)    a Copyright Security Agreement, Patent Security Agreement and Trademark Security Agreement (as each such term is defined in the U.S. Security Agreement and to the extent applicable) (together with each other intellectual
        property security agreement delivered pursuant to Section 6.13, in each case as amended, the “U.S. IP Security Agreements”), duly executed by each applicable Domestic Loan Party, together with evidence that all action that the Administrative Agent may deem necessary or desirable in order to
        perfect the Liens created under the U.S. IP Security Agreements has been taken;

     `   (v)    a Solvency Certificate executed by the
        chief financial officer of the Company;

        (vi)   (A) The Historical Financial Statements and (B) the Pro Forma Financial
        Statements;

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

        (viii)   such documents and certifications as the Administrative Agent may
        reasonably require to evidence that each Loan Party is duly organized or formed, and that each Loan Party is validly existing, in good standing in such Loan Party’s jurisdiction of incorporation, organization or formation;

        (ix)   favorable opinions of (A) Wilmer Cutler Pickering Hale and Dorr, LLP,
        counsel to the Loan Parties, and in-house counsel to the Company and (B) each local counsel listed on Schedule 4.01(a)(x), as to such matters
        concerning the Loan Parties and the Loan Documents as the Administrative Agent may reasonably request; and

    
      - 107 -

      
        

    

        (x)   a certificate signed by a Responsible Officer of the Company certifying
        that the conditions specified in Section 4.01(f) have been satisfied.

      (b)  All accrued fees and expenses of the Administrative Agent and the Joint Lead Arrangers required to be paid on or before the Closing
        Date pursuant to the Commitment Letter and the Fee Letter shall or substantially concurrently with the initial Credit Extension have been paid, including all fees, charges and disbursements of counsel to the Administrative Agent (directly to such
        counsel if requested by the Administrative Agent) to the extent invoiced prior to or on the Closing Date.

      (c)  The EFS Acquisition shall have been, or shall substantially concurrently with the funding of the Facilities be, consummated
        (including the Equity Issuance) in all material respects in accordance with the terms of the Acquisition Agreement and shall not have been altered, amended or otherwise changed or supplemented or any provision waived or consented to (including any
        change in the purchase price) in any manner that is materially adverse to the interests of the Lenders or the Joint Lead Arrangers without the prior written consent (not to be unreasonably withheld, delayed or conditioned) of the Joint Lead
        Arrangers (it being understood that (x) any reduction of the purchase price in respect of the EFS Acquisition will not be materially adverse to the Lenders and the Joint Lead Arrangers, so long as such reduction shall be applied to reduce the
        amount of commitments in respect of the Term A-1 Facility and Term B-1 Facility on a pro rata basis, and (y) any increase in the purchase price in respect of the EFS Acquisition will not be deemed to be materially adverse to the interests of the
        Lenders or the Joint Lead Arrangers to the extent that cash on hand (other than as a result of borrowings under the Revolving Credit Facility) is used to fund any such increase).

      (d)  The Refinancing shall have been or shall substantially concurrently with the initial Credit Extension on the Closing Date be
        consummated, and the Administrative Agent shall have received, or substantially concurrently with the initial Credit Extensions on the Closing Date shall receive, (i) UCC-3 termination statements or other evidence of termination with respect to all
        Liens securing each of the Existing Credit Agreement and the Existing Mustang Credit Agreements, including but not limited to documental evidence under the applicable jurisdiction of the cancellation of any such Lien and (ii) a customary “payoff
        letter” for each of the Existing Credit Agreement and the Existing Mustang Credit Agreements.

      (e)  Each Loan Party shall have provided the documentation and other information to the Administrative Agents that are required by
        regulatory authorities under applicable “know-your-customer” rules and regulations, including the USA PATRIOT Act, at least 3 business days prior to the Closing Date to the extent such information has been requested at least 10 days prior to the
        Closing Date.

      (f)  The Acquisition Agreement Representations shall be true and correct in all material respects, but only to the extent the failure of
        any Acquisition Agreement Representation to be true and correct in all material respects gives the Company the right to terminate its obligations under the Acquisition Agreement, or to decline to consummate the EFS Acquisition pursuant to the
        Acquisition Agreement, and the Specified Representations shall be true and correct in all material respects.

      (f)  Except as set forth in the Company Disclosure Letter (as defined in the Acquisition Agreement) in connection with the Acquisition
        Agreement, during the period from December 31, 2014 to October 18, 2015, there shall not have occurred a Company Material Adverse Effect (as defined in the Acquisition Agreement as in effect on October 18, 2015).  Since the date of the Acquisition
        Agreement, there shall not have occurred a Company Material Adverse Effect (as defined in the Acquisition Agreement as in effect on October 18, 2015).

    Without limiting the generality of the provisions of Section 9.03(e), for purposes of determining compliance with the conditions specified in this Section
            4.01, each Lender that has signed this Agreement shall be deemed to have consented to, approved or accepted or to be satisfied with, each document or other matter required thereunder to be consented to or approved by or acceptable or
        satisfactory to a Lender unless the Administrative Agent shall have received notice from such Lender prior to the proposed Closing Date specifying its objection thereto.

    
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        4.02  Conditions to All Credit Extensions.  The obligation of each Lender to honor any Request for Credit Extension (other than a Loan Notice requesting
        only a conversion of Loans to the other Type, or a continuation of Eurocurrency Rate Loans) is subject to the following conditions precedent:

      (a)  Except for Credit Extensions on the Closing Date and subject to the limitations in Section 2.17(b)(i), the representations and warranties of (i) the Borrowers contained in Article

            V and (ii) each Loan Party contained in each other Loan Document or in any document furnished at any time under or in connection herewith or therewith, shall be true and correct on and as of the date of such Credit Extension, except
        to the extent that such representations and warranties specifically refer to an earlier date, in which case they shall be true and correct as of such earlier date, and except that for purposes of this Section 4.02, the representations and warranties contained in subsections (a) and (b) of Section 5.05
        shall be deemed to refer to the most recent statements furnished pursuant to clauses (a) and (b), respectively, of Section 6.01.

      (b)  Except for Credit Extensions on the Closing Date and subject to the limitations in Section 2.17(b)(i), no Default or Event of Default shall exist, or would result from such proposed Credit Extension or the application of the proceeds thereof.

      (c)  The Administrative Agent and, if applicable, the L/C Issuer or the Swing Line Lender shall have received a Request for
        Credit Extension in accordance with the requirements hereof.

      (d)  If the applicable Borrower is a Designated Borrower, then the conditions of Section
            2.14 to the designation of such Borrower as a Designated Borrower shall have been met to the satisfaction of the Administrative Agent.

      (e)  In the case of a Credit Extension 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, the Required Revolving Credit Lenders (in the case of any
        Loans to be denominated in an Alternative Currency) or the L/C Issuer (in the case of any Letter of Credit to be denominated in an Alternative Currency) would make it impracticable for such Credit Extension to be denominated in the relevant
        Alternative Currency.

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

        4.03  Conditions to Credit Extension to Specified Designated Borrower.  The obligation of each Lender to make its initial Credit Extension to the
        Specified Designated Borrower is subject to the satisfaction of the following conditions precedent in the reasonable determination of the Administrative Agent, and to the Administrative Agent’s notification to the Company (which shall not be
        unreasonably withheld or delayed) that such conditions precedent have been satisfied:

        (a) Each of the conditions
        set forth in Section 4.02 shall have been satisfied.

      (b) The Administrative Agent shall have received the following, each of which shall be originals or telecopies (followed promptly by originals) unless otherwise specified, each properly executed by a
        Responsible Officer of the Specified Designated Borrower, each in form and substance reasonably satisfactory to the Administrative Agent and the Required Revolving Credit Lenders:

    
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       (i)   All
        documents that would be required to be delivered by the Specified Designated Borrower, the Loan Parties and other Subsidiaries under Section 2.14
        and Section 6.13 if the Specified Designated Borrower had become a Designated Borrower on the first day following the Closing Date; and

                 (ii)    Notes executed by the Specified Designated Borrower in favor of each Lender requesting such Notes.

   

    

  
    ARTICLE IV

        REPRESENTATIONS AND WARRANTIES

           Each Borrower represents and warrants to the Administrative Agent and the Lenders on the date of each Credit Extension that:
    
      	
              5.01     Existence, Qualification and Power.  Each Loan Party and each Subsidiary thereof (a) is duly organized or formed,
                validly existing and, as applicable, in good standingunder the Laws of the jurisdiction of its incorporation or organization, (b) has all requisite power
                  and authority and all requisite governmental licenses, authorizations, consents and approvals to (i) own or lease its assets and carry on its business and (ii) execute, deliver and perform its obligations under the Loan Documents to which
                  it is a party, and (c) is duly qualified and is licensed and, as applicable, in good standing under the Laws of each jurisdiction where its ownership, lease or operation of properties or the conduct of its business requires such
                  qualification or license; except (I) in connection with Fundamental Changes or Dispositions made in accordance with Sections 7.04 or 7.05, and (II) in each case referred to in clause (a) (with respect to Immaterial Subsidiaries only), (b)(i) or (c), to the extent that failure
                  to do so could not reasonably be expected to have a Material Adverse Effect.

            
	 
	5.02    

                  Authorization; No Contravention.  The execution, delivery and performance by each Loan Party and the Specified Designated Borrower of each Loan Document to which such Person is party have been duly authorized by all necessary
                corporate or other organizational action, and do not and will not (a) contravene the terms of any of such Person’s Organization Documents; (b) conflict with or result in any breach or contravention of, or the creation of any Lien under, or
                require any payment to be made under (i) any Contractual Obligation to which such Person is a party or affecting such Person or the properties of such Person or any of its Subsidiaries or (ii) any order, injunction, writ or decree of any
                Governmental Authority or any arbitral award to which such Person or its property is subject; or (c) violate any Law in any manner that is materially adverse to the Company and its Subsidiaries, except, in each case referred to (x) in
                clause (b)(i), or (y) to the extent relating to any order, injunction, writ or decree of any Governmental Authority not specifically relating to such Person or its property, in clause (b)(ii), to the extent that the same could not,
                individually or in the aggregate, reasonably be expected to result in a Material Adverse Effect.
	 
	5.03    

                  Governmental Authorization; Other Consents.  No approval, consent, exemption, authorization, or other action by, or notice to, or filing with, any Governmental Authority or any other Person (except as has been or will be taken in
                connection with, and prior to, the execution and delivery of each such document) is necessary or required in connection with the (a) execution, delivery or performance by, or enforcement against, any Loan Party or the Specified Designated
                Borrower of this Agreement or any other Loan Document, (b) the grant by any Loan Party of the Liens granted by it pursuant to the Foreign Subsidiary Pledge Documents or, (c) other than filings and registrations as have been made (or, in
                jurisdictions in which it is not customary to make such filings or registrations until after the delivery of the applicable security documentation, will be made promptly after the entry into the applicable Foreign Subsidiary Pledge
                Documents), the perfection or maintenance of the Liens created under the Foreign Subsidiary Pledge Documents (including the first priority nature thereof).

      

    

    

    
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               5.04     Binding
                    Effect.  This Agreement has been, and each other Loan Document, when delivered hereunder, will have been, duly executed and delivered by each Loan Party and the Specified Designated Borrower that is party thereto.  This Agreement
                  constitutes, and each other Loan Document when so delivered will constitute, a legal, valid and binding obligation of such Loan Party or the Specified Designated Borrower, as applicable, enforceable against each Loan Party or the
                  Specified Designated Borrower, as applicable, that is party thereto in accordance with its terms, except to the extent that the enforceability thereof may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or
                  similar laws generally affecting creditors’ rights and by equitable principles (regardless of whether enforcement is sought in equity or at law).

            

      

    
      	
               5.05

            	
               

            	
              Financial Statements; No Material Adverse Effect.

            

       

    (a) The Historical Financial Statements set forth in clause (a) of the definition thereof (i) were prepared in accordance with GAAP consistently applied
        throughout the period covered thereby, except as otherwise expressly noted therein; (ii) fairly present the financial condition of the Company and its Subsidiaries (or WP Mustang Holdings LLC and its Subsidiaries, as applicable) as of the date
        thereof and their results of operations for the period covered thereby in accordance with GAAP consistently applied throughout the period covered thereby, except as otherwise expressly noted therein; and (iii) reflect or disclose all material
        indebtedness and other liabilities, direct or contingent, of the Company and its Subsidiaries (or WP Mustang Holdings LLC and its Subsidiaries, as applicable) as of the date thereof, including liabilities for taxes, material commitments and
        Indebtedness.

    (b) The Historical Financial Statements set forth in clause (b) of the definition thereof (i) were prepared in accordance with GAAP consistently applied
        throughout the period covered thereby, except as otherwise expressly noted therein, and (ii) fairly present the financial condition of the Company and its Subsidiaries (or WP Mustang Holdings LLC and its Subsidiaries, as applicable) as of the date
        thereof and their results of operations for the period covered thereby, subject, in the case of clauses (i) and (ii), to the absence of footnotes and to normal year-end audit adjustments.  There is no material indebtedness or other liabilities,
        direct or contingent, of the Company and its consolidated Subsidiaries (or WP Mustang Holdings LLC and its Subsidiaries, as applicable) as of the date of such financial statements, including liabilities for taxes, material commitments and
        Indebtedness, to the extent required to be disclosed in accordance with GAAP that is not set forth in such Historical Financial Statements.

    (c) Since December 31, 2014, there has been no event or circumstance, either individually or in the aggregate, that has had or could reasonably be
        expected to have a Material Adverse Effect.

    (d) The consolidated forecasted balance sheet and statements of income and cash flows of the Company and its Subsidiaries delivered pursuant to Section 6.01(d) were prepared in good faith on the basis of the assumptions stated therein, which assumptions were fair in light of the conditions existing at
        the time of delivery of such forecasts, and represented, at the time of delivery, the Company’s best estimate of its future financial condition and performance.

    
      	
               5.06     Litigation.  There are no actions, suits, proceedings, claims or disputes pending or, to the knowledge of the Company, threatened, at law,
                  in equity, in arbitration or before any Governmental Authority, by or against the Company or any of its Subsidiaries or against any of their properties or revenues that (a) purport to affect or pertain to this Agreement or any other Loan
                  Document, or any of the transactions contemplated hereby, or (b) either individually or in the aggregate, would reasonably be expected to have a Material Adverse Effect.

            

      

    
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               5.07     No Default. 

                  Neither any Loan Party nor any Subsidiary thereof is in default under or with respect to any Contractual Obligation that could, either individually or in the aggregate, reasonably be expected to have a Material Adverse Effect.  No Default
                  has occurred and is continuing or would result from the consummation of the transactions contemplated by this Agreement or any other Loan Document.

            
	 
	 5.08     Ownership of Property; Liens.  Each of the Company and each Subsidiary has good record and marketable title in fee simple to, or valid leasehold interests in, all real property necessary or used in the ordinary
                conduct of its business, except for such defects in title as could not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect.  The property of the Company and its Subsidiaries is subject to no Liens,
                other than Liens permitted by Section 7.01.
	 
	 5.09     Environmental Compliance.  The Company and its Subsidiaries conduct in the ordinary course of business a review of the effect of existing Environmental Laws and claims alleging potential liability or responsibility
                for violation of any Environmental Law on their respective businesses, operations and properties, and as a result thereof the Company has reasonably concluded that such Environmental Laws and claims could not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect.
	 
	 5.10     Insurance.  The properties of the Company and its Subsidiaries are insured with financially sound and reputable insurance companies not Affiliates of the Company, in such amounts with such deductibles and covering
                such risks as are customarily carried by companies engaged in similar businesses and owning similar properties in localities where the Company or the applicable Subsidiary operates.
	 
	 5.11     Taxes.  The Company and its Subsidiaries (a) have filed all Federal, state and other material tax returns and reports required to be filed, and (b) have paid all Federal, state and other material taxes, assessments,
                fees and other governmental charges levied or imposed upon them or their properties, income or assets otherwise due and payable, except, in the case of this clause (b), (i) those which are being contested in good faith by appropriate
                proceedings diligently conducted and for which adequate reserves have been provided in accordance with GAAP or (ii) to the extent that the failure to do so could not reasonably be expected to result in a Material Adverse Effect.  There is
                no proposed tax assessment against the Company or any Subsidiary that would, if made, have a Material Adverse Effect.  Neither any Loan Party nor any Subsidiary thereof is party to any tax sharing agreement, other than the Tax Receivable
                Agreement.

      

    

    

    

    

    
      	
               5.12

            	
               

            	
              ERISA Compliance.

            

      

    (a) Each Plan is in compliance in all material respects with the applicable provisions of ERISA, the Code and other Federal or state laws.  Each Pension
        Plan that is intended to be a qualified plan under Section 401(a) of the Code has received a favorable determination letter from the IRS to the effect that the form of such Plan is qualified under Section 401(a) of the Code and the trust related
        thereto has been determined by the IRS to be exempt from federal income tax under Section 501(a) of the Code, or an application for such a letter is currently being processed by the IRS.  To the best knowledge of the Company, nothing has occurred
        that would prevent or cause the loss of such tax-qualified status.  The representations in this Section 5.12 are qualified, with respect to Multiemployer
        Plans only, as being to the knowledge of the Company.

    
      - 112 -

      
        

    

    (b) There are no pending or, to the best knowledge of the Company, threatened claims, actions or  lawsuits, or action by any Governmental Authority, with
        respect to any Plan that  could reasonably be expected to have a Material Adverse Effect.  There has been no prohibited transaction or violation of the fiduciary responsibility rules with respect to any Plan that has resulted or could reasonably be
        expected to result in a Material Adverse Effect.

    (c) (i) No ERISA Event has occurred, and neither the Company nor any ERISA Affiliate has any knowledge of any fact, event or circumstance that could
        reasonably be expected to constitute or result in an ERISA Event with respect to any Pension Plan which could reasonably be expected to result in a Material Adverse Effect; (ii) the Company and each ERISA Affiliate has met all applicable
        requirements under the Pension Funding Rules in respect of each Pension Plan, and no waiver of the minimum funding standards under the Pension Funding Rules has been applied for or obtained; (iii) as of the most recent valuation date for any
        Pension Plan, the funding target attainment percentage (as defined in Section 430(d)(2) of the Code) is 60% or higher and neither the Company nor any ERISA Affiliate knows of any facts or circumstances that could reasonably be expected to cause the
        funding target attainment percentage for any such plan to drop below 60% as of the most recent valuation date; (iv) neither the Company nor any ERISA Affiliate has incurred any liability to the PBGC other than for the payment of premiums, and there
        are no premium payments which have become due that are unpaid; and (v) neither the Borrower nor any ERISA Affiliate has engaged in a transaction that could be subject to Section 4069 or Section 4212(c) of ERISA.

    (d) With respect to any Foreign Plan, none of the following events or conditions exists and is continuing that, either individually or in the aggregate,
        would reasonably be expected to have a Material Adverse Effect:  (i) substantial non-compliance with its terms and with the requirements of any and all applicable laws, statutes, rules, regulations and orders; (ii) failure to be maintained, where
        required, in good standing with applicable regulatory authorities; (iii) any obligation of the Company or its Subsidiaries in connection with the termination or partial termination of, or withdrawal from, any Foreign Plan; (iv) any Lien on the
        property of the Company or its Subsidiaries in favor of a Governmental Authority as a result of any action or inaction regarding a Foreign Plan; (v) for each Foreign Plan which is a funded or insured plan, failure to be funded or insured on an
        ongoing basis to the extent required by applicable non-U.S. law (using actuarial methods and assumptions which are consistent with the valuations last filed with the applicable Governmental Authorities) or otherwise in accordance with good
        practice; (vi) any facts that, to the knowledge of the Company or any of its Subsidiaries, exist that would reasonably be expected to give rise to a dispute and any pending or threatened disputes that, to the knowledge of the Company or any of its
        Subsidiaries, would reasonably be expected to result in a material liability to the Company or any of its Subsidiaries concerning the assets of any Foreign Plan (other than individual claims for the payment of benefits); (vii) failure to make all
        contributions in a timely manner to the extent required by applicable non-U.S. law and (viii) any failure to obtain or retain approval or qualification by and/or due registration with the appropriate taxation, social security, supervisory, fiscal
        or other applicable governmental entities in the relevant state or jurisdiction, in order to obtain tax approved, favored or qualified status in the relevant jurisdiction.

    
      	
               5.13    
                    Subsidiaries; Equity Interests.  As of the Closing Date (after giving effect to the Transactions), (a) the Company has no Subsidiaries other than those specifically disclosed in Part (a) of Schedule 5.13, and all of the outstanding Equity Interests in such Subsidiaries have been validly issued, are fully paid and nonassessable and are free and clear of
                  all Liens except those created under the Loan Documents.  As of the Closing Date (after giving effect to the Transactions), the Company has no equity investments in any other corporation or entity other than Cash Equivalents and those
                  specifically disclosed in Part (a) and Part (b) of Schedule 5.13.  All of the outstanding Equity Interests in the Company have been
                  validly issued, and are fully paid and nonassessable.  The Organization Documents of companies whose Equity Interests are subject to Liens pursuant to the Collateral Documents do not restrict or inhibit any transfer of such Equity
                  Interests or creation or enforcement of such Liens.

            

      

    
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      	5.14 	
               

            	
              Margin Regulations; Investment Company Act.

            

        

      

     

    

    (a) No part of the proceeds of any Loan will be used in a manner that would result in a violation of Regulation U or any of the other Regulations of the
        FRB.  If requested by any Lender or the Administrative Agent, the Company will furnish to the Administrative Agent and each Lender a statement to the forgoing effect in conformity with the requirements of FR Form G-3 or FR Form U-1, as applicable,
        referred to in Regulation U.

    (b) None of the Company, any Person Controlling the Company, or any Subsidiary is or is required to be registered as an “investment company” under the
        Investment Company Act of 1940.

    
      	
               5.15

            	
               

            	
              Disclosure.

            

    

     

    

    (a) The Company has, either directly or as attached to the Company’s
        disclosures filed with the SEC on form 10-K or 10-Q, disclosed to the Administrative Agent and the Lenders all agreements, instruments and corporate or other restrictions to which it or any of its Subsidiaries is subject that, individually or in
        the aggregate, could reasonably be expected to result in a Material Adverse Effect (it being understood that prior to the filing of the first 10-Q of the Company after the date hereof, this representation shall only relate to the Company and its
        Subsidiaries (other than EFS and its Subsidiaries)).  No report, financial statement, certificate or other information furnished (whether in writing or orally) by or on behalf of any Loan Party or the Specified Designated Borrower to the
        Administrative Agent or any Lender in connection with the transactions contemplated hereby and the negotiation of this Agreement or delivered hereunder or under any other Loan Document (in each case, 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, not misleading; provided that, with respect to projected financial information, the Company represents only that such information was prepared in good faith based upon assumptions believed to be
        reasonable at the time.

    (b) As of the Fourth Amendment Effective Date, the information included in the Beneficial Ownership Certifications provided on or prior to the Fourth Amendment
            Effective Date is true and correct in all respects.

    
      	
                5.16     Compliance
                    with Laws.  Each Loan Party and each Subsidiary thereof is in compliance in all material respects with the requirements of all Laws and all orders, writs, injunctions and decrees applicable to it or to its properties, except in
                  such instances in which (a) such requirement of Law or order, writ, injunction or decree is being contested in good faith by appropriate proceedings diligently conducted or (b) the failure to comply therewith, either individually or in
                  the aggregate, could not reasonably be expected to have a Material Adverse Effect.

            
	 
	 5.17     Taxpayer Identification Number; Other Identifying Information.  The true and correct U.S. taxpayer identification number of the Company and each Designated Borrower that is a Domestic Subsidiary and a party hereto
                on the Closing Date is set forth on Schedule

                    10.02.  The true and correct unique identification number of the Specified Designated Borrower and WEX International Holdings that has been issued by its jurisdiction of organization and the name of such jurisdiction are set
                forth on Schedule 5.17.

      

    

    
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               5.18    
                    Intellectual Property; Licenses, Etc.  The Company and its Subsidiaries own, or possess the right to use, all of the trademarks, service marks, trade names, copyrights, patents, patent rights, franchises, licenses and other
                  intellectual property rights (collectively, “IP Rights”) that are reasonably necessary for the operation of their respective businesses,
                  without conflict with the rights of any other Person.  Except for instances that could not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect, no slogan or other advertising device, product,
                  process, method, substance, part or other material now employed, or now contemplated to be employed, by the Company or any Subsidiary infringes upon any rights held by any other Person.  No claim or litigation regarding any of the
                  foregoing is pending or, to the best knowledge of the Company, threatened, which, either individually or in the aggregate, could reasonably be expected to have a Material Adverse Effect.

            

      

      

      	5.19     Representations as to Foreign Loan Parties and the Specified Designated Borrower.  As to each Foreign Loan Party and Specified Designated Borrower: 

 

      
       

      
    (a) Such Foreign Loan Party or the
          Specified Designated Borrower is subject to civil and commercial Laws with respect to its obligations under this Agreement and the other Loan Documents to which it is a party (collectively as to such Foreign Loan Party or the Specified Designated Borrower, the “Applicable Foreign Loan
            Party Documents”), and the execution, delivery and performance by such Foreign Loan Party or Specified Designated Borrower of the
        Applicable Foreign Loan Party Documents constitute and will constitute private and commercial acts and not public or governmental acts.  Neither such Foreign Loan Party, the Specified Designated Borrower, nor any of its respective property has any immunity from jurisdiction of any
        court or from any legal process (whether through service or notice, attachment prior to judgment, attachment in aid of execution, execution or otherwise) under the laws of the jurisdiction in which such Foreign Loan Party or the Specified Designated Borrower is organized and existing in respect of its obligations under the Applicable Foreign Loan Party Documents;

    (b) The Applicable Foreign Loan Party Documents are in proper legal form under the Laws of the jurisdiction in which such Foreign Loan
        Party or the Specified Designated Borrower is
        organized and existing for the enforcement thereof against such Foreign Loan Party or the Specified Designated Borrower, as applicable, under
        the Laws of such jurisdiction, and to ensure the legality, validity, enforceability, priority or admissibility in evidence of the Applicable Foreign Loan Party Documents.  It is not necessary to ensure the legality, validity, enforceability,
        priority or admissibility in evidence of the Applicable Foreign Loan Party Documents that the Applicable Foreign Loan Party Documents be filed, registered or recorded with, or executed or notarized before, any court or other authority in the
        jurisdiction in which such Foreign Loan Party or the Specified Designated Borrower is organized and existing or that any registration charge
        or stamp or similar tax be paid on or in respect of the Applicable Foreign Loan Party Documents or any other document, except for (i) any such filing, registration, recording, execution or notarization as has been (or will promptly be) made or is
        not required to be made until the Applicable Foreign Loan Party Document or any other document is sought to be enforced and (ii) any charge or tax as has been timely paid;

    (c) There is no tax, levy, impost, duty, fee, assessment or other governmental charge, or any deduction or withholding, imposed by any
        Governmental Authority in or of the jurisdiction in which such Foreign Loan Party or the Specified Designated Borrower is organized and
        existing either (i) on or by virtue of the execution or delivery of the Applicable Foreign Loan Party Documents or (ii) on any payment to be made by such Foreign Loan Party pursuant or Specified Designated Borrower to the Applicable Foreign Loan
        Party Documents, except as has been disclosed to the Administrative Agent;

    (d) For the purposes of The CouncilRegulation (EU) 2015/848 of the European Union Regulation No. 1346/2000 on Insolvency ProceedingsParliament and of the Council of 20 May 2015 on insolvency proceedings (recast Insolvency Regulation) (the “Regulations”),
        such Foreign Loan Party’s or the Specified Designated Borrower’s centre of main interest (as that term is used in Article 3(1) of the Regulations) is situated in its jurisdiction of incorporation and it has no “establishment” (as that term is used
        in Article 2(h) of the Regulations) in any other jurisdiction;

    
      - 115 -

      
        

    

    (e) The choice of governing law of the Applicable Foreign Loan Party Documents will be recognized and enforced in its Relevant
        Jurisdiction;

    (f) Any judgment obtained in relation to an Applicable Foreign Loan Party Document in the jurisdiction of the governing law of such
        Applicable Foreign Loan Party Document will be recognized and enforced in its Relevant Jurisdiction.

    (g) The execution, delivery and performance of the Applicable Foreign Loan Party Documents executed by such Foreign Loan Party or the Specified Designated Borrower are, under applicable foreign exchange control regulations of the jurisdiction in which such Foreign Loan Party
        is organized and existing, not subject to any notification or authorization except (i) such as have been made or obtained or (ii) such as cannot be made or obtained until a later date (provided that any notification or authorization described in clause (ii) shall be made or obtained as soon as is reasonably practicable).

    
      	
              5.20     Solvency. 

                  Each of (a) the Company and its Subsidiaries, on a consolidated basis, and (b) WEX Bank and each other Material Bank Regulated Subsidiary, on a stand-alone basis, is Solvent.

            
	 
	5.21    

                  OFAC.  Neither the Company, nor any of its Subsidiaries, nor, to the knowledge of the Company and its Subsidiaries, any director, officer or employee thereof, is an individual or entity that is, or is owned or controlled by any
                individual or entity that is (i) currently the subject or target of any Sanctions, (ii) included on OFAC’s List of Specially Designated Nationals, HMT’s Consolidated List of Financial Sanctions Targets and the Investment Ban List or (iii)
                located, organized or resident in a Designated Jurisdiction.
	 
	5.22    

                  Anti-Corruption Laws.  The Company and its Subsidiaries have conducted their businesses in compliance in all material respects with all Anti-Corruption Laws and have instituted and maintained policies and procedures designed to
                promote and achieve compliance with such laws.
	 
	5.23    

                  PATRIOT Act.  Neither the Company nor any of its Subsidiaries is in violation of (i) any applicable laws relating to terrorism or money laundering, including Executive Order No. 13224 on Terrorist Financing, effective September 23,
                2001 or (ii) the USA PATRIOT Act.
	 
	5.24    

                  Use of Proceeds.  The use of proceeds of the Loans and the Letters of Credit will not violate any Anti-Corruption Laws, any Sanctions, the USA PATRIOT Act or the Trading with the Enemy Act, as amended, and each of the foreign
                assets control regulations of the United States Treasury Department (31 CFR, Subtitle B, Chapter V, as amended).
	 
	5.25     Collateral Documents.  The provisions of the Collateral Documents are effective to
                create in favor of the Administrative Agent for the benefit of the Secured Parties a legal, valid and enforceable first priority Lien on all rights, title and interest of the respective Loan Parties in the Collateral described therein
                (subject to Liens permitted by Section 7.01), and such Liens constitute perfected Liens on such Collateral securing the Obligations, to the
                extent required to be perfected under the Loan Documents.
	 
	5.26    

                  EEA Financial Institution.  No Loan Party is an EEA Financial Institution.

      

            

      

    

    

    

    

    

    
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    ARTICLE V

        AFFIRMATIVE COVENANTS

    So long as any Lender shall have any Commitment hereunder, any Loan or other
        Obligation hereunder shall remain unpaid or unsatisfied, or any Letter of Credit shall remain outstanding, the Company shall, and shall (except in the case of the covenants set forth in Sections 6.01, 6.02, and 6.03)
        cause each Subsidiary to:

    
      	
               6.01     Financial
                    Statements.  Deliver to the Administrative Agent and(on behalf of each Lender), in form and detail satisfactory to the Administrative Agent and the Required Lenders:

            

      

    (a) as soon as available, but in any event within 90 days (or, in the case of clause (iii) below, within 120 days) after the end of each
        fiscal year of the Company:

         (i)   a consolidated balance sheet of the Company and its Subsidiaries as at the end of such fiscal year, and the related consolidated statements of income or operations, shareholders’ equity and cash flows for such fiscal year, setting
        forth in each case in comparative form the figures for the previous fiscal year, all in reasonable detail and prepared in accordance with GAAP, audited and accompanied by a report and opinion of an independent certified public accountant of
        nationally recognized standing, which report and opinion shall be prepared in accordance with generally accepted auditing standards and shall not be subject to any “going concern” or like qualification or exception or any qualification or exception
        as to the scope of such audit;

         (ii)  
      the unaudited balance sheet of the Company (on a stand-alone basis) and related unaudited statements of operations, stockholders’ equity and cash flows as of the end of and
        for such year, setting forth in each case in comparative form the figures as of the end of and for the previous fiscal year, in reasonable detail, certified by the chief executive officer, chief financial officer, treasurer or controller of the
        Company as presenting fairly in all material respects the financial condition and results of operations of the Company in accordance with GAAP consistently applied; and

         (iii)  the audited consolidated balance sheet and related consolidated statements of operations, stockholders’ equity and cash flows of WEX Bank and each other Material Bank Regulated
        Subsidiary and their respective consolidated subsidiaries as of the end of and for such year, setting forth in each case in comparative form the figures as of the end of and for the previous fiscal year, all reported on by Deloitte & Touche LLP
        or other independent public accountants of recognized national standing;

    From and after the date on which each Designated Borrower is designated and accepted hereunder (or, in
        the case of the Specified Designated Borrower, from and after the date on which the Specified Designated Borrower becomes a Designated Borrower), all financial statements shall include unaudited consolidated balance sheets, and the related consolidated statements of income or
        operations, shareholders’ equity and cash flows, for such fiscal year showing the consolidated financial position and results of operations of such Designated Borrower and its respective Subsidiaries on a stand-alone basis.  For the purposes of
        this paragraph, WEX International Holdings shall be deemed to have been designated and accepted as a Designated Borrower hereunder on the Closing Date.

    (b) as soon as available, but in any event within 45 days after the end of each of the first three fiscal quarters of each fiscal year of
        the Company:

    
      - 117 -

      
        

    

        (i)   a consolidated balance sheet of the Company and its Subsidiaries as at the end of
        such fiscal quarter, and the related consolidated statements of income or operations, shareholders’ equity and cash flows for such fiscal quarter and for the portion of the Company’s fiscal year then ended, setting forth in each case in comparative
        form the figures for the corresponding fiscal quarter of the previous fiscal year and the corresponding portion of the previous fiscal year, all in reasonable detail, certified by the chief executive officer, chief financial officer, treasurer or
        controller of the Company as fairly presenting the financial condition, results of operations, shareholders’ equity and cash flows of the Company and its Subsidiaries in accordance with GAAP, subject only to normal year-end audit adjustments and
        the absence of footnotes; and

        (ii)   the unaudited balance sheet of the Company (on a stand-alone basis) as of the end
        of such fiscal quarter and related unaudited statements of operations, stockholders’ equity and cash flows as of the end of and for such year, setting forth in each case in comparative form the figures as of the end of and for the previous fiscal
        year, certified by the chief executive officer, chief financial officer, treasurer or controller of the Company as presenting fairly in all material respects the financial condition and results of operations of the Company in accordance with GAAP,
        subject only to normal year-end audit adjustments and the absence of footnotes.

    From and after the date on which each Designated Borrower is designated and accepted hereunder (or, in
        the case of the Specified Designated Borrower, from and after the date on which the Specified Designated Borrower becomes a Designated Borrower), all such financial statements shall include consolidated balance sheets, and the related consolidated
        statements of income or operations, shareholders’ equity and cash flows for such fiscal quarter and for the portion of the fiscal year then ended, showing the consolidated financial position and results of operations of such Designated Borrower and
        its respective Subsidiaries on a stand-alone basis.  For the purposes of this paragraph, WEX International Holdings shall be deemed to have been designated and accepted as a Designated Borrower hereunder on the Closing Date.

    (c) as soon as available, but in any event within the period within which WEX Bank and any other Regulated Bank that is a Material Bank
        Regulated Subsidiary is required to deliver its quarterly call report with the FDIC after the end of each of the first three fiscal quarters of each fiscal year of WEX Bank and any other Regulated Bank that is a Material Bank Regulated Subsidiary,
        its call report and related schedules, all certified by its chief executive officer, chief financial officer, treasurer or controller as having been prepared in accordance with FDIC requirements; and

    (d) as soon as available, but in any event at least 90 days after the beginning of each fiscal year of the Company, forecasts prepared by
        management of the Company, in form satisfactory to the Administrative Agent and the Required Lenders, of consolidated balance sheets and statements of income or operations and cash flows of the Company and its Subsidiaries on a quarterly basis for
        such fiscal year (including the fiscal year in which the Maturity Date occurs).

    As to any information contained in materials furnished pursuant to Section 6.02(c), the Company shall not be separately required to furnish such information under clause (a) or (b) above, but the foregoing shall not be in
        derogation of the obligation of the Company to furnish the information and materials described in clauses (a) and (b) above at the times specified therein.

    
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               6.02    
                    Certificates; Other Information.  Deliver to the Administrative Agent and(on behalf of each Lender) or, in form

                      and detail satisfactory to the case of clause (f)
                      below, deliver to Administrative Agent and the Required Lendersor such requesting Lender:

            

      

    (a) concurrently with the delivery of the financial statements referred to in Section 6.01(a), and to the extent not constituting part of the report, its independent certified public accountants pursuant to Section
            6.01(a), a certificate of it independent certified public accountants certifying such financial statements;

    (b) concurrently with the delivery of the financial statements referred to in Sections 6.01(a) and (b), a duly completed Compliance Certificate signed by the chief executive officer, chief financial
        officer, treasurer or controller of the Company;

    (c) promptly after the same are available, copies of each annual report, proxy or financial statement or other report or communication sent to
        the stockholders of the Company, and copies of all annual, regular, periodic and special reports and registration statements which the Company may file or be required to file with the SEC under Section 13 or 15(d) of the Securities Exchange Act of
        1934, and not otherwise required to be delivered to the Administrative Agent pursuant hereto;

    (d) promptly, and in any event within five Business Days after receipt thereof by any Loan Party or any Subsidiary thereof, copies of each
        notice or other correspondence received from the SEC (or comparable agency in any applicable non-U.S. jurisdiction) concerning any investigation or possible investigation or other inquiry by such agency (excluding routine comments and
        correspondence from such agency) regarding financial or other operational results of any Loan Party or any Subsidiary thereof; and

    (e)promptly, such additional information regarding the business, financial or corporate affairs of the Company or any Subsidiary, or compliance
        with the terms of the Loan Documents, as the Administrative Agent or any Lender may from time to time reasonably request; and

    (f) promptly following any request therefor, such information and documentation reasonably requested by the Administrative 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.

    Documents required to be delivered pursuant to Section 6.01(a) or (b) or Section 6.02(c) (to the extent any such documents are included in materials otherwise filed with the SEC) may be delivered electronically and if so delivered, shall be deemed to have been delivered on the date (i) on
        which the Company posts such documents, or provides a link thereto on the Company’s website on the Internet at the website address listed on Schedule 10.02;
        or (ii) on which such documents are posted on the Company’s behalf on an Internet or intranet website, if any, to which each Lender and the Administrative Agent have access (whether a commercial, third-party website or whether sponsored by the
        Administrative Agent); provided that (i) the Company shall deliver paper copies of such documents to the Administrative Agent or any Lender that requests
        the Company to deliver such paper copies until a written request to cease delivering paper copies is given by the Administrative Agent or such Lender and (ii) the Company shall notify the Administrative Agent and each Lender (by telecopier or
        electronic mail) of the posting of any such documents and provide to the Administrative Agent by electronic mail electronic versions (i.e., soft copies) of
        such documents.  Notwithstanding anything contained herein, in every instance the Company shall be required to provide paper copies of the Compliance Certificates required by Section 6.02(b) to the Administrative Agent.  Except for such Compliance Certificates, the Administrative Agent shall have no obligation to request the delivery or to maintain copies of the documents referred to above, and
        in any event shall have no responsibility to monitor compliance by the Company with any such request for delivery, and each Lender shall be solely responsible for requesting delivery to it or maintaining its copies of such documents.

    
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    Each Borrower hereby acknowledges that (a) the Administrative Agent and/or MLPFS will
        make available to the Lenders and the L/C Issuer materials and/or information provided by or on behalf of such Borrower hereunder (collectively, “Borrower Materials”)

        by posting the Borrower Materials on IntraLinks or another similar electronic system (the “Platform”) and (b) certain of the Lenders (each, a “Public Lender”) may have personnel who do not wish to receive material non-public information with respect to any of the Borrowers or their respective
        Affiliates, or the respective securities of any of the foregoing, and who may be engaged in investment and other market-related activities with respect to such Persons’ securities.  Each Borrower hereby agrees that (w) all Borrower Materials that
        are to be made available to Public Lenders shall be clearly and conspicuously marked “PUBLIC” which, at a minimum, shall mean that the word “PUBLIC” shall appear prominently on the first page thereof; (x) by marking Borrower Materials “PUBLIC,” the
        Borrowers shall be deemed to have authorized the Administrative Agent, MLPFS, the L/C Issuer and the Lenders to treat such Borrower Materials as not containing any material non-public information (although it may be sensitive and proprietary) with
        respect to the Borrowers or their respective securities for purposes of United States Federal and state securities laws (provided, however, that to the extent such Borrower Materials constitute Information, they shall be treated as set forth in Section 10.07); (y) all Borrower Materials marked “PUBLIC” are permitted to be made available through a portion of the Platform designated “Public Side Information”; and (z) the Administrative Agent and MLPFS shall be
        entitled to treat any Borrower Materials that are not marked “PUBLIC” as being suitable only for posting on a portion of the Platform not designated “Public Side Information.”  Notwithstanding the foregoing, no Borrower shall be under any
        obligation to mark any Borrower Materials “PUBLIC.”

    
      	
               6.03     Notices. 

                  Promptly notify the Administrative Agent and (except in the case of subsection (e) below) each Lender:

            

      

    
      	 	
              (a)

            	
              of the occurrence of any Default;

            
	 	 	 
	 	
              (b)

            	
              of any matter that has resulted or could reasonably be expected to result in a Material Adverse Effect;

            
	 	 	 
	 	
              (c)

            	
              of any dispute, litigation, investigation, proceeding or suspension between the Company or any Subsidiary and any Governmental
                  Authority;

            
	 	 	 
	 	
              (d)

            	
              of the occurrence of any ERISA Event that could reasonably be expected to have a Material Adverse Effect;

            
	 	 	 
	 	
              (e)

            	
              of the incurrence or issuance of any Indebtedness by any Loan Party or any of their Subsidiaries (other than any Bank Regulated
                  Subsidiary) in an original principal amount of greater than $25,000,000 that is not promptly disclosed on Form 8-K filed with the SEC; and

            
	 	 	 
	 	
              (f)

            	
              of any material change in accounting policies or financial reporting practices by the Company or any Subsidiary, including any
                  determination by the Company referred to in Section 2.10(b).

            

    

    Each notice pursuant to this Section 6.03 shall be accompanied by a statement of a Responsible Officer of the Company setting forth details of the occurrence referred to therein and stating what action the Company has taken and proposes
        to take with respect thereto.  Each notice pursuant to Section 6.03(a) shall describe with particularity any and all provisions of this Agreement and any
        other Loan Document that have been breached.

    
      	
              6.04     Payment of
                    Obligations.  Pay and discharge as the same shall become due and payable, all its material obligations and liabilities which if not paid could reasonably be expected to have a Material Adverse Effect, unless the same are being
                  contested in good faith by appropriate proceedings diligently conducted and adequate reserves in accordance with GAAP are being maintained by the Company or such Subsidiary; and (b) all lawful claims which, if unpaid, would by law become
                  a Lien upon its property; other than the Liens permitted under Section 7.01.

            

      

    
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               6.05    
                    Preservation of Existence, Etc.  Preserve, renew and maintain in full force and effect its legal existence and good standing (where such concept is recognized and has legal meaning) under the Laws of the jurisdiction of its
                  organization except in a transaction permitted by Section 7.04 or 7.05; (b) take all reasonable action to maintain all rights, privileges, permits, licenses and franchises necessary or desirable in the normal conduct of its business, except to the extent that
                  failure to do so could not reasonably be expected to have a Material Adverse Effect; and (c) preserve or renew all of its registered patents, trademarks, trade names and service marks, the non-preservation of which could reasonably be
                  expected to have a Material Adverse Effect.

            
	 
	 6.06     Maintenance of Properties.  (a) Maintain, preserve and protect all of its material properties and equipment necessary in the operation of its business in good working order and condition, ordinary wear and tear
                excepted; and (b) make all necessary repairs thereto and renewals and replacements thereof except, in each case, where the failure to do so could not reasonably be expected to have a Material Adverse Effect.
	 
	 6.07     Maintenance of Insurance.  Maintain with financially sound and reputable insurance companies not Affiliates of the Company, insurance with respect to its properties and business against loss or damage of the kinds
                customarily insured against by Persons engaged in the same or similar business, of such types and in such amounts as

                are customarily carried under similar circumstances by such other Persons.  If any portion of any Mortgaged Property (which portion contains a building) is at any time located in an area identified by the Federal Emergency Management Agency
                (or any successor agency) as a special flood hazard area with respect to which flood insurance has been made available under the Flood Insurance Laws, then the Company shall, or shall cause the applicable Loan Party to (a) maintain, or
                cause to be maintained, with a financially sound and reputable insurer, flood insurance in an amount and otherwise sufficient to comply with all applicable rules and regulations promulgated pursuant to the Flood Insurance Laws and (b)
                deliver to the Administrative Agent evidence of such compliance in form and substance reasonably acceptable to the Administrative Agent, including evidence of annual renewals of such insurance.
	 
	6.08     Compliance with Laws.  Comply in all material
              respects with the requirements of all Laws (including the USA PATRIOT Act, Anti-Corruption Laws and Sanctions) and all orders, writs, injunctions and decrees applicable to it or to its business or property, except in such instances in which
              (a) such requirement of Law or order, writ, injunction or decree is being contested in good faith by appropriate proceedings diligently conducted; or (b) the failure to comply therewith could not reasonably be expected to have a Material
              Adverse Effect. 

      

      

      	 6.09     Books and Records.  Maintain proper books of record and account, in which full, true and correct entries in conformity with GAAP consistently applied shall be made of all financial transactions and matters involving
                the assets and business of the Company or such Subsidiary, as the case may be; and (b) maintain such books of record and account in material conformity with all applicable requirements of any Governmental Authority having regulatory
                jurisdiction over the Company or such Subsidiary, as the case may be.
	 
	 6.10     Inspection Rights.  Permit representatives and independent contractors of the Administrative Agent and each Lender to visit and inspect any of its properties, to examine its corporate, financial and operating
                records, and make copies thereof or abstracts therefrom, and to discuss its affairs, finances and accounts with its directors, officers, and independent public accountants, all at the expense of the Company and at such reasonable times
                during normal business hours and as often as may be reasonably desired, upon reasonable advance notice to the Company; provided that neither
                the Administrative Agent nor any Lender may exercise such rights of inspection under this Section 6.10 more often than two (2) times during
                any calendar year absent the existence of an Event of Default; provided, further, that when an Event of Default exists the Administrative Agent or any Lender (or any of their respective representatives or independent contractors) may do any of the foregoing at the
                expense of the Company at any time during normal business hours and without advance notice.

      

    

    

       

      

    

    

    
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               6.11     Use of
                    Proceeds.  Use the proceeds of the Credit Extensions for working capital purposes, acquisitions (including without limitation, the EFS Acquisition), Restricted Payments, the refinancing of Indebtedness and other general corporate
                  purposes, in each case, not in contravention of any Law or of any Loan Document and not in any manner that would cause any representation in Section
                      5.14(a) or 5.24 to be incorrect; provided
                  that the Company shall use the proceeds of the (i) Term A-2 Loans and Term B-2 Loans made on the First Amendment Effective Date solely for the repayment of the Term A-1 Loans and Term B-1 Loans, (ii) Incremental Term B-2 Loans made on the
                  Third Amendment Effective Date solely to repay outstanding Revolving Credit Borrowings and fees and expenses in connection with the Third Amendment, (iii) Term A-3 Loans made on the Fourth Amendment Effective Date solely for the repayment
                  of the Term A-2 Loans and, (iv) Incremental Term A-3 Loans made on the Fourth Amendment Effective Date for working capital purposes and to fund
                  acquisitions, Restricted Payments, refinancing of Indebtedness and other general corporate purposes and fees and expenses in connection with the Fourth Amendment and (v) Tranche A 2019 Incremental Term A-3 Loans made on the Tranche A Fifth Amendment Effective Date for working capital
                      purposes and to fund acquisitions, refinancing of Indebtedness and other general corporate purposes and fees and expenses in connection with the Fifth Amendment.

            
	 
	 6.12     Approvals and Authorizations.  Maintain all authorizations, consents, approvals and licenses from, exemptions of, and filings and registrations with, each Governmental Authority of the jurisdiction in which each
                Foreign Loan Party is organized and existing, and all approvals and consents of each other Person in such jurisdiction, in each case that are required in connection with the Loan Documents
	 
	 6.13     Additional Guarantors and Collateral; Redesignation of Immaterial Subsidiaries; Designation of Stock Pledge Subsidiaries.

      

    

    (a) The Company will cause any Person that becomes a Domestic Subsidiary after the Closing Date (other than an Excluded Domestic Guaranty Subsidiary),
        whether by formation, acquisition or otherwise and each Domestic Subsidiary that ceases to be an Excluded Domestic Guaranty Subsidiary to take the actions described below and concurrently with the delivery of the documents referred to in clauses
        (i) through (iii) below, to deliver to the Administrative Agent (x) evidence of action of such Person’s board of directors or other governing body authorizing the execution, delivery and performance thereof and (y) a favorable written opinion of
        counsel for such Person, in form and substance reasonably satisfactory to the Administrative Agent and covering such matters relating to such Person and the Domestic Subsidiary Guaranty and such Collateral Documents as the Administrative Agent may
        reasonably request:

    (i) to execute and deliver to the Administrative Agent, within 30 days after the date such Person first becomes a Domestic
        Subsidiary or ceases to be an Excluded Domestic Guaranty Subsidiary (or such later date as the Administrative Agent may allow in its sole discretion), a supplement to the Domestic Subsidiary Guaranty, in form and substance satisfactory to the
        Administrative Agent; and

    
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    (ii) within 30 days after the date such Person first becomes a Domestic Subsidiary or ceases to be an Excluded Domestic Guaranty
        Subsidiary (or such later date as the Administrative Agent may allow in its sole discretion), cause such Domestic Subsidiary and each Domestic Loan Party that owns such Domestic Subsidiary (if it has not already done so) to, as applicable, duly
        execute and deliver to the Administrative Agent supplements to the U.S. Security Agreement, Perfection Certificate, U.S. IP Security Agreements and other security and pledge agreements, as specified by and in form and substance reasonably
        satisfactory to the Administrative Agent and take all actions required thereunder, including delivery of certificates representing the certificated Equity Interests in and of such Domestic Subsidiary, if any, in accordance with the terms of the
        U.S. Security Agreement), securing payment of all the Obligations of such Domestic Subsidiary or such Domestic Loan Party, as the case may be, under the Loan Documents.

    (b) Upon the acquisition of any property (other than Real Property and Excluded Assets (as defined in the U.S. Security Agreement)) by any Domestic Loan
        Party, if such property shall not already be subject to a perfected first priority security interest in favor of the Administrative Agent for the benefit of the Secured Parties, then the Company shall, at the Company’s expense within 30 days after
        such acquisition (or such later date as the Administrative Agent may allow in its sole discretion), cause the applicable Loan Party to take whatever action may be necessary or advisable in the opinion of the Administrative Agent to vest in the
        Administrative Agent (or in any representative of the Administrative Agent designated by it) valid and subsisting Liens on such property, enforceable against all third parties.

    (c) With respect to any Material Real Property, the Company will cause the applicable Domestic Subsidiary (x) within 60 days (or such later date as the
        Administrative Agent may allow in its sole discretion) after the date such Person first becomes a Domestic Subsidiary (other than an Excluded Domestic Guaranty Subsidiary) or ceases to be an Excluded Domestic Guaranty Subsidiary, (y) within 60 days
        (or such later date as the Administrative Agent may allow in its sole discretion) following acquisition of such Real Property by any Domestic Loan Party, if such property, in the judgment of the Administrative Agent, shall not already be subject to
        a perfected first priority security interest in favor of the Administrative Agent for the benefit of the Secured Parties, at the Company’s expense or (z) upon the request of the Administrative Agent following the occurrence and during the
        continuance of a Default, at the Company’s expense, to execute and deliver to the Administrative Agent (unless otherwise agreed by the Administrative Agent):

    (i) counterparts of the Mortgages covering such Material Real Property duly executed, acknowledged and delivered and in form
        suitable for filing or recording in all filing or recording offices that the Administrative Agent may deem necessary or desirable in order to create a valid first and subsisting Lien on the property described therein in favor of the Administrative
        Agent for the benefit of the Secured Parties and pay all title insurance charges for the Mortgage Policies insuring such Mortgages, lien searches and examination charges, filing, documentary, stamp, intangible and mortgage recording taxes and other
        fees, costs and expenses in connection therewith,

    (ii) fully paid American Land Title Association (“A.L.T.A.”)

        Lender’s Extended Coverage title insurance policies or such other form as customary in the applicable jurisdiction (the “Mortgage Policies”), with customary
        endorsements and in amounts reasonably acceptable to the Administrative Agent, issued by a nationally recognized title insurance company reasonably acceptable to the Administrative Agent (the “Title Company”), insuring that the Mortgage on each Mortgaged Property is a valid and enforceable first and subsisting Lien on the property described therein, free and clear of all defects (including, but not
        limited to, mechanics’ and materialmen’s Liens) encumbrances, and Liens, excepting only Permitted Encumbrances,

    
      - 123 -

      
        

    

    (iii) American Land Title Association/American Congress on Surveying and Mapping form surveys, for which all necessary fees (where
        applicable) have been paid, and dated no more than 30 days before the day required to be delivered, certified to the Administrative Agent and the Title Company in a manner satisfactory to the Administrative Agent by a land surveyor duly registered
        and licensed in the jurisdiction(s) in which the property described in such surveys is located and acceptable to the Administrative Agent, showing all buildings and other improvements, the location of any easements, parking spaces, rights of way,
        building set-back lines and other dimensional regulations,

    (iv) an affidavit of no change (or affidavit specifying the changes) with reference to any existing A.L.T.A surveys for each
        Mortgaged Property if required by the Title Company,

    (v) an opinion of local counsel in each jurisdiction where the Mortgaged Property is located and opinions of counsel for the
        Borrower regarding due authorization, execution and delivery of the Mortgages, covering such matters as the Administrative Agent may reasonably require,

    (vi) with respect to each Mortgaged Property, such affidavits, certificates, instruments of indemnification and other items
        (including a so-called “gap” indemnification) as shall be reasonably required to induce the Title Company to issue the Mortgage Policy and endorsements contemplated above,

    (vii) proper fixture filings or amendments thereto under the Uniform Commercial Code on Form UCC-1 or Form UCC-3 for filing under the Uniform
        Commercial Code in the appropriate jurisdiction(s) in which the Mortgaged Properties are located to perfect the security interests in fixtures purported to be created by the Mortgages (as  amended, as applicable) over the Mortgaged Properties,

    (viii) insurance certificates and insurance endorsements with respect to property insurance as required by Section 6.07 reasonably acceptable to the Administrative Agent,

    (ix) a completed “Life-of-Loan” Federal Emergency Management Agency Standard Flood Hazard Determination with respect to each
        Mortgaged Property on which a “Building” (as defined in 12 CFR Chapter III, Section 339.2) is located, (together with a notice about special flood hazard area status and flood disaster assistance duly executed by the Borrower and each Loan Party
        relating thereto),

    (x) a copy of, or certificate as to coverage under, and a declaration page relating to the flood insurance policies required by Section 6.07, which shall (A) be endorsed or otherwise amended to include a “standard” lender’s loss payable endorsement (as applicable); (B) name the collateral
        agent, on behalf of the Secured Parties, as additional insured; (C)(1) identify the addresses of each property located in a special flood hazard area, (2) indicate the applicable flood zone designation, the flood insurance coverage and the
        deductible relating thereto, (3) provide that the insurer will endeavor to give the collateral agent forty-five (45) days’ written notice of cancellation or non-renewal and (4) otherwise be in form and substance reasonably acceptable to the
        collateral agent.

    (d) The Company will cause any Person that becomes a Foreign Subsidiary after the Closing Date (other than an Excluded Foreign Guaranty Subsidiary), and
        each Foreign Subsidiary that ceases to be an Excluded Foreign Guaranty Subsidiary, (i) to execute and deliver to the Administrative Agent, within 30 days after the date such Person first becomes a Foreign Subsidiary or ceases to be an Excluded
        Foreign Guaranty Subsidiary (or such later date as the Administrative Agent may allow in its sole discretion), a Foreign Subsidiary Guaranty in form and substance satisfactory to the Administrative Agent, and (ii) concurrently with the delivery of
        such Foreign Subsidiary Guaranty, to deliver to the Administrative Agent (x) evidence of action of such Person’s board of directors or other governing body authorizing the execution, delivery and performance thereof and (y) a favorable written
        opinion of counsel for such Person, in form and substance reasonably satisfactory to the Administrative Agent and covering such matters relating to such Person and such Foreign Subsidiary Guaranty, as the Administrative Agent may reasonably
        request.

    
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    (e) Promptly, and in any event within 30 days (or by such later date as the Administrative Agent may allow in its sole discretion) of the acquisition or
        formation by any Loan Party (other than a Foreign Subsidiary) of a Foreign Subsidiary that is not an Excluded Pledge Subsidiary, or of any Foreign Subsidiary ceasing to be an Excluded Pledge Subsidiary, the Company shall cause each Domestic Loan
        Party that owns Equity Interests in such Foreign Subsidiary, if such Loan Party is not already a party to the U.S. Security Agreement, to execute and deliver to the Administrative Agent (i) a supplement to the U.S. Security Agreement, in form and
        substance satisfactory to the Administrative Agent, (ii) such other Foreign Subsidiary Pledge Documents as may be necessary, in the reasonable judgment of the Administrative Agent, to effect a pledge to the Administrative Agent, for the benefit of
        the Secured Parties, of 65% (or such lesser percentage as the Loan Parties may own) of each class of the outstanding Equity Interests of such Foreign Subsidiary, (iii) evidence that all corporate action required to be taken in connection therewith
        has been taken and (iv, (iv) a Part 21A Certificate in the case that such Foreign Subsidiary is incorporated in the United Kingdom and (v) a favorable written opinion of counsel in each applicable jurisdiction
        as to the effectiveness of such pledge and such other matters as the Administrative Agent may reasonably request.

    (f) If, as of most recent fiscal quarter or fiscal year for which financial statements are required to be delivered pursuant to Section 6.01(a) or (b), all Immaterial Subsidiaries, together with their respective
        subsidiaries, account for more than 10% of Consolidated Total Assets, 10% of Consolidated Net Worth or 10% of the consolidated revenues of the Company for the period of four consecutive fiscal quarters immediately preceding the date of
        determination, then the Company shall so notify the Administrative Agent, and shall, within 10 days of the delivery of the applicable Compliance Certificate, redesignate Immaterial Subsidiaries as Material Subsidiaries so that all Immaterial
        Subsidiaries and their respective Subsidiaries comply with the proviso to the definition of “Immaterial Subsidiary.”

    (g) The Company may, with the consent of the Administrative Agent (which consent shall be granted if the Administrative Agent is reasonably satisfied that
        local Law provides the means to realize upon the pledge without undue cost or burden), designate any Subsidiary of WES, all of the issued and outstanding Equity Interests of which are owned directly by a Foreign Subsidiary Guarantor, as a WES Stock
        Pledge Subsidiary by not less than ten (10) Business Days’ (or such shorter period as the Administrative Agent may agree) notice to the Administrative Agent, which notice shall be accompanied by (i) such WES Stock Pledge Documents as may be
        necessary, in the reasonable judgment of the Administrative Agent, to effect a pledge to the Administrative Agent, for the benefit of the Secured Parties, securing the Foreign Obligations, of 100% of each class of the outstanding Equity Interests
        of such Foreign Subsidiary, (ii) evidence that all corporate action required to be taken in connection therewith has been taken and (iii) a favorable written opinion of counsel in each applicable jurisdiction as to the effectiveness of such pledge
        and such other matters as the Administrative Agent may reasonably request.

    
      	
               6.14     Compliance
                    with Regulatory Requirements.  With respect to each Material Bank Regulated Subsidiary, (i) comply with all minimum capital ratios and guidelines, including without limitation, risk-based capital guidelines and capital leverage
                  regulations (as  may from time to time be prescribed by regulation or enforceable order of the FDIC or other federal or state regulatory authorities having jurisdiction over such Person), and within such ratios and guidelines be
                  “well-capitalized” and (ii) at all times comply with applicable financial institution regulations and requirements with respect to capital adequacy.

            

      

    
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               6.15     Further
                    Assurances.  Promptly upon request by the Administrative Agent (a) correct any material defect or error that may be discovered in any Loan Document or in the execution, acknowledgment, filing or recordation thereof, and (b) do,
                  execute, acknowledge, deliver, record, re-record, file, re-file, register and re-register any and all such further acts, deeds, certificates, assurances and other instruments as the Administrative Agent may reasonably require from time to
                  time in order to (i) carry out more effectively the purposes of the Loan Documents, (ii) to the fullest extent permitted by applicable law, subject any Loan Party’s or any of its Subsidiaries’ properties, assets, rights or interests to
                  the Liens now or hereafter intended to be covered by any of the Collateral Documents, (iii) perfect and maintain the validity, effectiveness and priority of any of the Collateral Documents and any of the Liens intended to be created
                  thereunder and (iv) assure, convey, grant, assign, transfer, preserve, protect and confirm more effectively unto the Secured Parties the rights granted or now or hereafter intended to be granted to the Secured Parties under any Loan
                  Document or under any other instrument executed in connection with any Loan Document to which any Loan Party or any of its Subsidiaries is or is to be a party, and cause each of its Subsidiaries to do so.

            
	 
	 6.16     Post-Closing Covenant.  The Company shall satisfy the requirements set forth on Schedule 6.16 on or before the date
                specified for such requirement, or any later date as the Administrative Agent may determine in its sole discretion.
	
               6.17    People with Significant Control Regime (UK). 

                    Each Loan Party shall (and the Company shall ensure that each other Subsidiary will):

            

      

    

    (a) within the relevant timeframe, comply with any notice it receives pursuant to Part 21A of the United
              Kingdom Companies Act 2006 from any company incorporated in the United Kingdom whose shares are the subject of a Lien under the Collateral Documents; and

    (b) promptly provide the Administrative Agent with a copy of that notice.

  

  
    

          ARTICLE VI

        NEGATIVE COVENANTS

    So long as any Lender shall have any Commitment hereunder, any Loan or other
        Obligation hereunder shall remain unpaid or unsatisfied, or any Letter of Credit shall remain outstanding, the Company shall not, nor shall it permit any Subsidiary (other than any Bank Regulated Subsidiary, in the case of Sections 7.02, 7.03, 7.06, 7.08 and 7.12) to, directly
        or indirectly:

    
      	
               7.01     Liens. 

                  Create, incur, assume or suffer to exist any Lien upon any of its other property, assets or revenues, whether now owned or hereafter acquired, other than the following:

            

      

    (a) Liens pursuant to any Loan Document (including Liens pursuant to the Collateral Documents securing the 2023 Senior Notes);

    (b) Liens existing on the Closing Date and listed on Schedule

            7.01 and any renewals or extensions thereof; provided that (i) the property covered thereby is not changed, (ii) the amount secured or
        benefited thereby is not increased except as contemplated by Section 7.03(b), (iii) the requirements with respect to any direct or any contingent obligor
        with respect thereto is not changed, and (iv) any renewal or extension of the obligations secured or benefited thereby is permitted by Section 7.03(b);

    
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    (c) Liens for taxes not yet due or which are being contested in good faith and by appropriate proceedings diligently conducted, if
        adequate reserves with respect thereto are maintained on the books of the applicable Person in accordance with GAAP;

    (d) carriers’, warehousemen’s, mechanics’, materialmen’s, repairmen’s or other like Liens arising in the ordinary course of business which
        are not overdue for a period of more than 30 days or which are being contested in good faith and by appropriate proceedings diligently conducted, if adequate reserves with respect thereto are maintained on the books of the applicable Person;

    (e) pledges or deposits in the ordinary course of business in connection with workers’ compensation, unemployment insurance and other
        social security legislation, other than any Lien imposed by ERISA;

    (f) deposits to secure the performance of bids, trade contracts and leases (other than Indebtedness), statutory obligations, surety and
        appeal bonds, performance bonds and other obligations of a like nature incurred in the ordinary course of business;

    (g) Permitted Encumbrances;

    (h) Liens securing judgments for the payment of money not constituting an Event of Default under Section 8.01(h);

    (i) Liens securing Indebtedness permitted under Section
            7.03(g); provided that, (i) in the case of Indebtedness permitted under Section 7.03(g)(i), (A) such Liens do not at any time encumber any property other than the property financed by such Indebtedness and (B) the Indebtedness secured thereby does not exceed the cost or fair market value,
        whichever is lower, of the property being acquired on the date of acquisition, and (ii) in the case of Indebtedness permitted under Section 7.03(g)(ii),
        such Liens do not attach to all assets of the Company or any Subsidiary thereof or otherwise constitute “blanket” Liens, but instead attach only to specific items of property (and not to accounts);

    (j) Liens existing on any property or asset acquired in a Permitted Acquisition or existing on any property or asset of any Person that
        becomes a Subsidiary after the Closing Date prior to the time such Person becomes a Subsidiary; provided that (i) such Lien is not created in contemplation
        of or in connection with such Permitted Acquisition or such Person become a Subsidiary, as the case may be, (ii) such Lien shall not apply to any other property or assets of the Company or any Subsidiary; and (iii) such Lien shall secure only those
        obligations which it secures on the date of such Permitted Acquisition or the date such Person becomes a Subsidiary, as the case may be and extensions, renewals and replacements thereof that do not increase the outstanding principal amount thereof
        and any Indebtedness secured by such Liens is permitted under Section 7.03(h);

    (k) Liens on any property or assets of the Company or any Subsidiary in favor of a Bank Regulated Subsidiary securing obligations between
        such Bank Regulated Subsidiary and the Company or any Subsidiary not exceeding in the aggregate (i) $40,000,000 in 2016 and (ii) in each fiscal year thereafter, the amount which is ten percent (10%) in excess of the aggregate principal amount
        permitted in the prior fiscal year;

    (l) Liens incurred by a Bank Regulated Subsidiary in the ordinary course of its business in connection with the issuance of certificates
        of deposit, escrow deposits in the form of money market deposits, customer deposits and borrowed federal funds, federal funds borrowings from federally chartered banks, and federal discount window borrowings;

    
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    (m) Liens attaching to any deposit accounts in which cash collateral in an aggregate amount not to exceed $45,000,000 (which amount shall
        be increased by 10% on each anniversary of the date hereof) has been provided in connection with (1) hedging agreements entered into in the ordinary course of business and not for speculative purposes or (2) credit card reimbursement obligations;

    (n)    Liens existing or deemed to exist in connection with any Permitted Securitization Transaction, but
        only to the extent that any such Lien relates to the applicable Securitization Assets sold, contributed, financed or otherwise conveyed or pledged pursuant to such transactions; and (ii) Liens existing or deemed to exist in connection with a
        Permitted Factoring Transaction, but only to the extent that any such Lien relates to the applicable Factorable Receivables sold, contributed, financed or otherwise conveyed or pledged pursuant to such transaction;

    (o) Liens securing Indebtedness permitted under Section
            7.03(p), (r) or (s), in each case subject to
        customary intercreditor agreement(s) in form and substance reasonably acceptable to the Administrative Agent and the Company;

    (P) Liens securing only Indebtedness permitted under Section

            7.03(m); provided that such liens shall not apply to the assets or property of any Loan Party or of the Company or any Subsidiary other than
        the RD Entities; and

    (q) Liens on Designated Regulatory Cash arising as a matter of Law or required by Law.

    
      	7.02 	
               

            	
               Investments.  Make any Investments, except:

            

        

      

    (a) Investments held by the Company or such Subsidiary in the form of Cash Equivalents;

    (b) (i) advances to officers, directors and employees of the Company and its Subsidiaries in an aggregate amount not to exceed $3,000,000
        at any time outstanding and (ii) advances of payroll payments in the ordinary course of business;

    (c) Investments of (i) any Domestic Loan Party in any other Domestic Loan Party, (ii) any Foreign Loan Party in any other Loan Party
        (other than a Limited Guarantor Foreign Subsidiary), (iii) any Limited Guarantor Foreign Subsidiary in any Subsidiary of WES that is a Limited Guarantor Foreign Subsidiary or a WES Stock Pledge Subsidiary, or (iv) any Subsidiary that is not a Loan
        Party in the Company or any of its Subsidiaries; provided that (x) the aggregate amount of all Investments in WES Stock Pledge Subsidiaries made in reliance
        on the foregoing clause (c)(iii) shall not exceed $175,000,000 at any time outstanding and (y) if the Administrative Agent has designated a Reduced Guaranty Investment Cap for any Reduced Guaranty Foreign Subsidiary, the aggregate amount of all
        Investments in such Reduced Guaranty Foreign Subsidiary made in reliance on this subsection (c)(iii) shall not exceed such Reduced Guaranty Investment Cap over the term of this Agreement;

    (d) Investments consisting of extensions of credit in the nature of accounts receivable or notes receivable arising from the grant of
        trade credit in the ordinary course of business, and Investments received in satisfaction or partial satisfaction thereof from financially troubled account debtors to the extent reasonably necessary in order to prevent or limit loss;

    (e) Guarantees permitted by Section 7.03,
        including Guarantees under the Loan Documents;

    (f) Investments of (i) any Domestic Loan Party in any Foreign Loan Party or (ii) any Loan Party (A) in a Subsidiary other than a Loan
        Party or (B) in a Limited Guarantor Foreign Subsidiary; provided that the aggregate amount of all Investments permitted by this clause (f), together with
        (but without duplication of) Indebtedness permitted by Section 7.03(e), shall not exceed $300,000,000 at any time outstanding;

    
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    (g) Investments constituting short-term advances to a Bank Regulated Subsidiary in an aggregate outstanding amount not to exceed
        $75,000,000 at any time; provided that each such advance shall be repaid, and the outstanding amount of Investments made in reliance on this subsection (g)
        reduced to zero for one full Business Day, within 30 days of such advance;

    (h) Investments constituting (i) Permitted Acquisitions or (ii) part of a Permitted Restructuring Transaction;

    (i) Investments consisting of fundamental changes and Restricted Payments permitted under Sections 7.04 and 7.06, respectively;

    (j) Investments outstanding on the Closing Date and listed on Schedule 7.02 and any renewal or extension thereof so long as the amount of such Investment is not increased thereby;

    (k) Investments by the Company and its Subsidiaries existing on the Closing Date in the capital stock of their respective Subsidiaries;

    (l) Investments in Swap Contracts permitted under Section
            7.03(f);

    (m) Investments in the ordinary course of business consisting of (i) endorsements for collection or deposit, (ii) customary trade
        arrangements with customers consistent with past practices, (iii) guarantees of leases of the Company or any Subsidiary, (iv) guarantees of performance of non-monetary obligations of the Company and its Subsidiaries or (v) guarantees of other
        obligations not constituting Indebtedness of the Company or any Subsidiary; provided that, in the case of this clause (v), such guarantees are permitted as
        an Investment under subsection (f) above;

    (n) Investments received in connection with the bankruptcy or reorganization of, or settlement of delinquent accounts and disputes with,
        customers, suppliers or any other Person;

    (o) Investments received as part of a redemption or payment of or for, as a dividend on, or as a distribution in respect of, other
        Investments permitted by this Section 7.02;

    (p) additional Investments made from time to time to the extent made with proceeds of Qualified Stock of the Company;

    (q) Investments of a Subsidiary acquired after the Closing Date or of a Person merged into or consolidated with the Company or any
        Subsidiary in accordance with Section 7.04 after the Closing Date to the extent that such Investments were not made in contemplation of or in connection
        with such acquisition, merger or consolidation and were in existence on the date of such acquisition, merger or consolidation;

    (r) Investments constituting loans and other extensions of credit made to customers of Bank Regulated Subsidiaries pursuant to one or more
        participation agreements with Bank Regulated Subsidiaries in an aggregate amount not exceeding (i) $200,000,000 in 2016 and (ii) in each fiscal year thereafter, the amount which is ten percent (10%) in excess of the aggregate principal amount
        permitted in the prior fiscal year; provided that the aggregate amount of Investments outstanding in reliance upon this subsection (r) may not exceed for
        more than three consecutive Business Days (x) $135,000,000 in 2016 and (y) in each fiscal year thereafter, the amount which is ten percent (10%) in excess of the aggregate amount of Investments permitted under subclause (x) of this proviso in the
        prior fiscal year;

    (s)              Investments constituting loans and other extensions of credit made to customers of the Company and its
      Subsidiaries’ co-branded relationship;

     

    

    (t) Investments in connection with pledges, deposits, payments or performance bonds made or given in the ordinary course of business in
        connection with or to secure statutory, regulatory or similar obligations including obligations under insurance, health, disability, safety or environmental obligations;

    
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              (u)

            	
              Investments by the Company or its Subsidiaries in accounts receivable owing to them, if created or acquired in the ordinary course of
                  business and payable in accordance with customary trade terms (including the dating of accounts receivable and extensions of payments in the ordinary course of business);

            
	 	 	 
	 	
              (v)

            	
              Investments arising out of the receipt by the Company or any Subsidiary of non-cash consideration for transactions permitted under Section 7.05;

            
	 	 	 
	 	
              (w)

            	
              Investments in a Permitted Securitization Entity required for capitalization from time to time of such Permitted Securitization Entity
                  or in connection with a contribution, sale or other transfer of Securitization Assets to such Permitted Securitization Entity pursuant to or in connection with a Permitted Securitization Transaction, and Investments constituting Standard
                  Securitization Undertakings in connection with a Permitted Securitization Transaction;

            
	 	 	 
	 	
              (x)

            	
              Investments constituting ordinary-course transfer pricing liabilities among the Company and its Subsidiaries;

            
	 	 	 
	 	
              (y)

            	
              Investments existing on the Closing Date consisting of long-term Indebtedness of RD Acquisition Sub 1 to the Company and interest
                  accrued and that may accrue thereon, not exceeding $250,000,000 in aggregate principal amount;

            
	 	 	 
	 	
              (z)

            	
              Investments constituting Guarantees by the Company of ordinary-course liabilities, not constituting Indebtedness, of Foreign
                  Subsidiaries; provided that the maximum amount of liabilities so Guaranteed in reliance on this clause (z) may not exceed $150,000,000;

            
	 	 	 
	 	
              (aa)

            	
              Investments by WEX International Holdings (and other Subsidiaries of WEX, other than WES and its Subsidiaries) in WES; provided that the aggregate amount of Investments made in reliance on this subsection (aa) shall not exceed $350,000,000 over the term of this
                  Agreement;

            
	 	 	 
	 	
              (bb)

            	
              other Investments not exceeding $50,000,000 in the aggregate in any fiscal year of the Company; and

            
	 	 	 
	 	
              (cc)

            	
              Investments consisting of Guarantees of Permitted Factoring Transactions to the extent permitted under the definition of Permitted
                  Factoring Transactions.

            

      

      

      	 7.03 	 	Indebtedness. 

                Create, incur, assume or suffer to exist any Indebtedness, except:

      

      

      	 	 (a) 	Indebtedness under the Loan Documents;
	 	 	 
	 	 (b) 	Indebtedness outstanding on the Closing Date and listed on Schedule 7.03 and any Permitted Refinancing Indebtedness in respect thereof;

    

        

      

    (c) Indebtedness of (i) any Domestic Loan Party to any other Loan Party, (ii) any Foreign Loan Party (other than a Limited Guarantor
        Foreign Subsidiary) to another Foreign Loan Party, (iii) any Limited Guarantor Foreign Subsidiary or WES Stock Pledge Subsidiary to any Limited Guarantor Foreign Subsidiary or (iv) any Subsidiary that is not a Loan Party to any other Subsidiary
        that is not a Loan Party; provided that (x) the aggregate outstanding amount of Indebtedness incurred by WES Stock Pledge Subsidiaries in reliance on the
        foregoing clause (c)(iii) shall not, when taken together with (but without duplication of) all other Investments in such WES Stock Pledge Subsidiaries in reliance on Section

            7.02(c)(iii), at any time exceed $175,000,000 and (y) if the Administrative Agent has designated a Reduced Guaranty Investment Cap for any Reduced Guaranty Foreign Subsidiary, the aggregate outstanding amount of all Indebtedness of
        such Reduced Guaranty Foreign Subsidiary incurred in reliance on this Section 7.03(c)(iii) shall not, when taken together with (but without duplication of)
        all other Indebtedness incurred by such Reduced Guaranty Foreign Subsidiary in reliance on Section 7.02(c)(iii), at any time exceed such Reduced Guaranty
        Investment Cap; or;

    
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    (d) Guarantees by (i) any Domestic Loan Party of Indebtedness of any other Domestic Loan Party, (ii) any Foreign Loan Party of
        Indebtedness of any other Loan Party (other than a Limited Guarantor Foreign Subsidiary), (iii) any Limited Guarantor Foreign Subsidiary of any Indebtedness of any other Limited Guarantor Foreign Subsidiary, or (iv) Subsidiary that is not a Loan
        Party of Indebtedness of the Company or any of its Subsidiaries; provided that any Guarantee by a Loan Party of Indebtedness that is subordinated to the
        Obligations shall be subordinated to the Obligations to the same extent as such Guaranteed Indebtedness;

    (e) Indebtedness of (i) any Foreign Loan Party to any Domestic Loan Party, or of any Limited Guarantor Foreign Subsidiary or any other
        Subsidiary other than a Loan Party to any Loan Party and (ii) Guarantees by any Domestic Loan Party of Indebtedness of any Person other than a Domestic Loan Party, or by any Foreign Loan Party of Indebtedness of any Limited Guarantor Foreign
        Subsidiary or any Subsidiary other than a Loan Party; provided that the aggregate amount of Indebtedness and Guarantees permitted by this clause (e)
        together with (but without duplication of) Investments pursuant to Section 7.02(f), shall not exceed $300,000,000 at any time outstanding; provided, further, that any Guarantee by a Loan Party of Indebtedness
        that is subordinated to the Obligations shall be subordinated to the Obligations to the same extent as such Guaranteed Indebtedness;

    (f) obligations (contingent or otherwise) of the Company or any Subsidiary existing or arising under any Swap Contract; provided that (i) (x) such obligations are (or were) entered into by such Person in the ordinary course of business for the purpose of mitigating risks
        associated with liabilities, commitments, investments, assets, or property held or reasonably anticipated by such Person, or changes in the value of securities issued by such Person, and not for purposes of speculation or taking a “market view,” or
        (y) such obligations arise out of the Company’s or any Subsidiary’s hedging of its fuel price-related earnings exposure in a manner consistent with the Company’s practices as of the Closing Date and, in each case, not for purposes of speculation
        and (ii) such Swap Contract does not contain any provision exonerating the non-defaulting party from its obligation to make payments on outstanding transactions to the defaulting party upon termination of such Swap Contract by the non-defaulting
        party;

    (g) Indebtedness in respect of (i) capital leases, Synthetic Lease Obligations and purchase money obligations for fixed or capital assets
        and (ii) other secured Indebtedness, in each case within the applicable limitations set forth in Section 7.01(i), and Permitted Refinancing Indebtedness in
        respect of clauses (i) and (ii); provided, however, that the
        aggregate amount of all such Indebtedness at any one time outstanding shall not exceed $40,000,000;

    (h) Indebtedness of any Person that becomes a Subsidiary after the Closing Date and extensions, renewals, refinancings and replacements of
        any such Indebtedness that do not increase the outstanding principal amount thereof and any Permitted Refinancing Indebtedness in respect thereof; provided
        that (i) such Indebtedness exists at the time such Person becomes a Subsidiary and is not created in contemplation of or in connection with such Person becoming a Subsidiary and (ii) the aggregate principal amount of Indebtedness permitted by this
        clause (h) shall not exceed $30,000,000 at any time outstanding;

    (i) Indebtedness arising from the honoring by a bank or other financial institution of a check, draft or similar instrument drawn against
        insufficient funds in the ordinary course of business; provided that such Indebtedness is extinguished within five (5) Business Days of incurrence;

    (j) Indebtedness of the Company or any Subsidiary constituting indemnification, adjustment of purchase price, earn outs or similarly
        obligations, in each case, incurred or assumed in connection with the acquisition or disposition of any business, assets or a Subsidiary permitted hereunder;

    (k) subordinated Indebtedness of the Company; provided
        that (i) no such Indebtedness shall mature or amortize earlier than 180 days after the latest Maturity Date in respect of a Facility hereunder, (ii) no agreement or instrument executed with respect to such Indebtedness shall have any financial
        covenants, events of default or terms which conflict with, or covenants which are more restrictive than the terms of the Loan Documents (and all such financial covenants, events of default, terms and covenants shall be reasonably satisfactory to
        the Administrative Agent), and the Company shall have delivered to the Administrative Agent copies of all such agreements and instruments prior to the execution thereof, (iii) the terms of subordination of such Indebtedness shall be reasonably
        satisfactory to the Administrative Agent and (iv) no Default shall have occurred or be continuing or would result from the incurrence of such Indebtedness, and a Responsible Officer of the Company shall have delivered a certificate to the
        Administrative Agent demonstrating the same;

    
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    (l) obligations of the Company or any Subsidiary (1) pursuant to or in connection with any Permitted Securitization Transaction, to the
        extent such obligations satisfy the conditions set forth in Section 7.16 and (2) in respect of a Permitted Factoring Transaction;

    (m) Indebtedness (i) of the RD Entities under one or more working capital facilities, in an aggregate outstanding principal amount not to
        exceed $40,000,000 at any time, or (ii) constituting Guarantees by the Company of such Indebtedness;

    (n) Indebtedness constituting Investments permitted by Section

            7.02(y) or (z);

    (o) other Indebtedness constituting unsecured senior or senior subordinated notes of the Company (including the 2023 Senior Notes), so
        long as immediately before and immediately after giving effect on a Pro Forma Basis to the incurrence of such Indebtedness and the application of the proceeds thereof, no Default shall have occurred and be continuing; provided that (i) the aggregate principal amount of such Indebtedness outstanding at any time shall not exceed $400,000,000, (ii) such Indebtedness has a final maturity date equal to or
        later than 180 days after the final maturity date of, and has a Weighted Average Life to Maturity equal to or greater than the Weighted Average Life to Maturity of, the Term Loans, (iii) the terms and conditions of such Indebtedness (excluding
        pricing and optional prepayment or redemption terms) reflect market terms on the date of issuance, are reasonably acceptable to the Administrative Agent and do not contain covenants (including financial maintenance covenants), taken as a whole,
        that are materially more restrictive than (or in addition to), with respect to the Company and its Subsidiaries and any guarantor, those contained in this Agreement with respect to the Company and its Subsidiaries on the date of issuance; (iv) such
        Indebtedness is not guaranteed by any Subsidiary of the Company that is not a Domestic Subsidiary Guarantor; and (v) such Indebtedness is either Indebtedness under the 2023 Senior Notes or a refinancing of such Indebtedness (or a prior refinancing
        thereof);

    (p) Incremental Equivalent Debt and any Permitted Refinancing Indebtedness in respect thereof; provided that it shall be a condition precedent to the effectiveness of any Incremental Equivalent Debt that (x) after giving effect thereto, the Incremental Amount does not exceed the Incremental
        Cap, and (y) no Default or Event of Default shall have occurred and be continuing immediately prior to or immediately after giving effect to such Incremental Equivalent Debt;

    (q) Permitted Unsecured Refinancing Debt and
          any Permitted Refinancing Indebtedness in respect thereof;

    (r) Permitted Pari Passu Refinancing Debt and any Permitted Refinancing Indebtedness in respect thereof;

    (s) Permitted Junior Priority Refinancing Debt, and any Permitted Refinancing Indebtedness in respect
        thereof;

    (t) other unsecured Indebtedness so long as the Company would be in compliance with Section 7.11 on a Pro Forma Basis immediately after giving effect to such Indebtedness;

    (u) Indebtedness incurred in connection with (and constituting part of) a Permitted Restructuring Transaction; and

    
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    (v) Indebtedness incurred in the ordinary course of business in connection with cash pooling arrangements, cash management and other
        similar arrangements consisting of netting arrangements and overdraft protections incurred in the ordinary course of business.

    
      	
              7.04     Fundamental
                    Changes.  Merge, dissolve, liquidate, consolidate with or into another Person, or Dispose of (whether in one transaction or in a series of transactions) all or substantially all of its assets (whether now owned or hereafter
                  acquired) to or in favor of any Person, except, so long as no Default or Event of Default exists or would result therefrom:

            

      

    (a) any Subsidiary may merge with (i) the Company; provided
        that the Company shall be the continuing or surviving Person, or (ii) any one or more other Subsidiaries; provided that (A) when any Designated Borrower is
        merging with another Subsidiary, such Designated Borrower shall be the continuing or surviving Person, (B) when any Domestic Subsidiary Guarantor is merging with another Subsidiary (other than a Designated Borrower), a Domestic Subsidiary Guarantor
        shall be the continuing or surviving Person, (C) when any Foreign Subsidiary Guarantor is merging with another Subsidiary (other than a Designated Borrower or Domestic Subsidiary Guarantor), a Foreign Subsidiary Guarantor shall be the continuing or
        surviving Person, and (D) when any wholly-owned Subsidiary is merging with another Subsidiary, a wholly-owned Subsidiary shall be the continuing or surviving Person;

    (b) any Subsidiary may Dispose of all or substantially all of its assets (upon voluntary liquidation or otherwise) to the Company or to
        another Subsidiary; provided that (i) if the transferor in such a transaction is a Designated Borrower that is a Domestic Subsidiary or a Domestic
        Subsidiary Guarantor, then the transferee must be the Company, a Designated Borrower that is a Domestic Subsidiary or a Domestic Subsidiary Guarantor and (ii) if the transferor in such a transaction is a Designated Borrower that is a Foreign
        Subsidiary or a Foreign Subsidiary Guarantor, then the transferee must be the Company, a Designated Borrower or a Subsidiary Guarantor;

    (c) the Company or any Subsidiary may merge with any other Person in order to effect a Permitted Acquisition; provided that (i) the continuing or surviving Person shall have complied with the requirements of Section
            6.13, if applicable, and (ii) in the case of a merger of a Borrower with any other Person, such Borrower shall be the continuing or surviving Person; and

     (d) in connection with a Permitted
        Restructuring Transaction.

    
      	
              7.05     Dispositions. 

                  Make any Disposition or enter into any agreement to make any Disposition, except:

            

      

    (a) Dispositions of obsolete or worn out property, whether now owned or hereafter acquired, in the ordinary course of business;

    (b) Dispositions of inventory in the ordinary course of business;

    (c) Dispositions of equipment or real property to the extent that (i) such property is exchanged for credit against the purchase price of
        similar replacement property or (ii) the proceeds of such Disposition are reasonably promptly applied to the purchase price of such replacement property or (iii) such property is no longer needed for the operation of the Borrower;

    (d) Dispositions of property by any Subsidiary to the Company or to a wholly-owned Subsidiary; provided that except to the extent that such Disposition is permitted as an Investment under Section 7.02
        (i) if the transferor in such a transaction is a Designated Borrower that is a Domestic Subsidiary or is a Domestic Subsidiary Guarantor, then the transferee must be the Company, a Designated Borrower that is a Domestic Subsidiary or a Domestic
        Subsidiary Guarantor and (ii) if the transferor in such a transaction is a Designated Borrower that is a Foreign Subsidiary or is a Foreign Subsidiary Guarantor, then the transferee must be the Company, a Designated Borrower or a Subsidiary
        Guarantor;

    
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    (e) Dispositions permitted by Section 7.04;

    (f) Dispositions by the Company and its Subsidiaries of property permitted by Section 7.12;

    (g) Dispositions of Securitization Assets for fair market value (or for fair consideration and reasonably equivalent value) to one or more
        Permitted Securitization Entities and their assigns pursuant to or in connection with a Permitted Securitization Transaction or by any Permitted Securitization Entity in connection therewith;

    (h) other Dispositions from and after the Closing Date by the Company and its Subsidiaries for an aggregate sale price not to exceed 5% of
        Consolidated Total Assets calculated at the time of each Disposition; provided that with respect to any Disposition pursuant to this clause (h), the Company
        or any Subsidiary shall receive not less than 75% of such consideration in the form of cash or Cash Equivalents;

    (i) transfers of customer relationships and related accounts receivables from any Acquired Entity or Business directly or indirectly to
        any Bank Regulated Subsidiary;

    (j) Dispositions as part of a Permitted Restructuring Transaction; and

    (k) Dispositions of Factorable Receivables in Permitted Factoring Transactions;

    provided, however, that any Disposition pursuant to clauses (a), (b), (c), (f), (h) and (k) shall be for fair market value.

    
      	
               7.06     Restricted
                    Payments.  Declare or make, directly or indirectly, any Restricted Payment, or incur any obligation (contingent or otherwise) to do so, or (in the case of Subsidiaries of the Company only) issue or sell any Equity Interests,
                  except that, so long as no Default or Event of Default shall have occurred and be continuing at the time of any action described below or would result therefrom:

            

      

    (a) each Subsidiary may make Restricted Payments to (i) the Company and its Subsidiaries and (ii) any other Person that owns an Equity
        Interest in such Subsidiary, in each case of clauses (i) and (ii), ratably according to their respective holdings of the type of Equity Interest in respect of which such Restricted Payment is being made;

    (b) the Company and each Subsidiary may declare and make dividend payments or other distributions payable solely in the common stock or
        other common Equity Interests of such Person;

    (c) the Company and each Subsidiary may purchase, redeem or otherwise acquire Equity Interests issued by it with the proceeds received
        from the substantially concurrent issue of new shares of its Qualified Stock;

    (d) the Company may make Restricted Payments pursuant to and in accordance with stock option plans or other benefit plans for management
        or employees of the Company and its Subsidiaries;

    (e) the Company may from time to time make other Restricted Payments; provided that (A) after giving effect to each such Restricted Payment and any related transactions (including any related incurrence of Indebtedness), the Consolidated Leverage Ratio for the most recently completed
        Test Period shall be less than 2.50:1.00, calculated on a Pro Forma Basis and (B) prior to making any such Restricted Payment, if requested by the Administrative Agent, the Administrative Agent shall have received a certificate, dated the date of
        such Restricted Payment and signed by a Responsible Officer of the Company, confirming compliance with the restrictions set forth in this Section 7.06(e)
        and containing calculations in reasonable detail demonstrating such compliance;

    
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    (f) so long as the Company would be in compliance with Section

            7.11 on a Pro Forma Basis after giving effect to such Restricted Payments and any related transactions (including any related incurrence of Indebtedness), the Company may make Restricted Payments not otherwise permitted hereunder in
        an aggregate amount of $50,000,000 during each fiscal year of the Company, of which 100% of unused amounts may be carried over into subsequent years;

    (g) sales or issuances of Equity Interests (i) to the Company or to a wholly-owned Subsidiary of the Company; (ii) constituting directors’
        qualifying shares or sales to foreign nationals required for compliance with applicable Laws; (iii) in a transaction otherwise permitted hereunder and resulting in such Subsidiary no longer constituting a Subsidiary, so long as the remaining
        Investment would have been permitted under Section 7.02; (iv) constituting the issuance of common Equity Interests (including warrants, options or rights to
        purchase shares of common Equity Interests, but excluding Disqualified Stock), or issuances of Disqualified Stock permitted under Section 7.03; or (v) in a
        Subsidiary that is, or is intended to be, a joint venture or partially-owned Subsidiary to a joint venture partner or other investor to the extent that the joint venture partner or other investor contributes or transfers cash, Cash Equivalents, or
        other assets the value of which is at least equivalent to the fair market value of the Equity Interests so sold or issued; or

    (h) the Company and its Subsidiaries may make Restricted Payments as part of a Permitted Restructuring Transaction.

    
      	
               7.07     Change in
                    Nature of Business; Bank Regulated Subsidiaries.

            

      

    (a) Engage in any business, if, as a result, the general nature of the business of the Loan Parties taken as a whole, would be substantially changed from
        the general nature of the business of the Loan Parties taken as a whole, on the Closing Date.

    (b) Permit any Equity Interest in any Material Bank Regulated Subsidiary to be held, directly or indirectly, by any Person other than the Company, other
        than as a result of a directive from any regulatory Governmental Authority, the compliance by the Company and such Material Bank Regulated Subsidiary with which does not result in (i) such Material Bank Regulated Subsidiary ceasing to be a
        Subsidiary of the Company or (ii) a Bank Regulated Subsidiary Event.

    
      	
               7.08    
                    Transactions with Affiliates.  Enter into any transaction of any kind with any Affiliate of a Borrower, 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 shall not apply to (a) Restricted Payments made in accordance with Section

                      7.06, (b) transactions between or among the Company and any of its wholly-owned Subsidiaries (or any Permitted Securitization Entity) or between and among any wholly-owned Subsidiaries (or any Permitted Securitization
                  Entity) not involving any other Affiliate, (c) transactions entirely among WES and its Subsidiaries or (d) Permitted Restructuring Transactions.

            

      

    
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               7.09     Burdensome
                    Agreements.  Enter into, incur or permit to exist any agreement or other arrangement that prohibits, restricts or imposes any condition upon (a) the ability of the Company or any Subsidiary to create, incur or permit to exist any
                  Lien upon any of its property or assets to secure the Obligations, or (b) the ability of any Subsidiary to pay dividends or other distributions with respect to any shares of its capital stock or to make or repay loans or advances to the
                  Company or any other Subsidiary or to guarantee Indebtedness of the Company or any other Subsidiary; provided that (i) the foregoing shall
                  not apply to restrictions and conditions imposed by Law or by this Agreement or the Loan Documents, (ii) the foregoing shall not apply to restrictions and conditions existing on the Closing Date and identified on Schedule 7.09 (but shall apply to any extension or renewal of, or any amendment or modification expanding the scope of, any such restriction or condition) (iii)
                  the foregoing shall not apply to customary restrictions and conditions contained in agreements relating to the sale of a Subsidiary or other asset sale agreements pending such sale, provided such restrictions and conditions apply only to
                  the Subsidiary or assets to be sold and such sale is permitted hereunder, (iv) clause (a) of the foregoing shall not apply to restrictions or conditions imposed by any agreement relating to secured Indebtedness permitted by this Agreement
                  if such restrictions or conditions apply only to the property or assets securing such Indebtedness, (v) the foregoing shall not apply to (x) any agreement relating to Indebtedness incurred in reliance on Section 7.03(h) (to the extent that such restrictions apply only to the Person becoming a Subsidiary of the Company and any of its Subsidiaries that also become
                  Subsidiaries of the Company in the same transaction or series of related transactions), or (y) any agreement relating to Indebtedness incurred in reliance on Section 7.03(k), (o), (p), (q), (r), (s) or (t) (in each case, so long as such agreement permits the
                  Obligations to become secured without further consent or act by the lenders or holders of Indebtedness thereunder; provided that, in the
                  case of Section 7.03(o), (p), (q), (r), (s)
                  or (t) such agreement may require that such Indebtedness be equally and ratably secured by any collateral on which a Lien is granted to
                  secure the Obligations), (vi) clause (a) of the foregoing shall not apply to customary provisions in leases and other contracts restricting the assignment thereof, (vii) the foregoing shall not apply to restrictions on cash (or Cash
                  Equivalents) or other deposits imposed by agreements entered into in the ordinary course of business (including, for the avoidance of doubt, incurred in reliance on Section 7.01(m)) or restrictions on Designated Regulatory Cash, (viii) the foregoing shall not apply to customary restrictions and conditions imposed by any agreement relating to any agreement
                  relating to Indebtedness incurred in reliance on Section 7.03(m), provided that such latter restrictions and conditions affect only the RD Entities; provided, further, that this Section 7.09 shall not
                  apply (i) to a Bank Regulated Subsidiary to the extent that any such restriction, prohibition or condition is imposed by a Governmental Authority in connection with the ordinary course of business of such Bank Regulated Subsidiary, (ii)
                  to the Company or any Subsidiary in connection with any agreements evidencing a Permitted Factoring Transaction, (iii) to the Company or any Subsidiary in connection with a Permitted Securitization Transaction; provided that, in the case of this clause (iii), the same extend only to the related Securitization Assets and the Equity Interests of the relevant Permitted
                  Securitization Entity, or (iv) to any Permitted Securitization Entity in connection with any agreements evidencing a Permitted Securitization Transaction.

            
	 
	 7.10     Use of Proceeds.  Use the proceeds of any Credit Extension, whether directly or indirectly, and whether immediately, incidentally or ultimately, (x) to purchase or carry margin stock (within the meaning of
                Regulation U of the FRB) in violation of Law (including Regulation U) or to extend credit to others for the purpose of purchasing or carrying margin stock or to refund indebtedness originally incurred for such purpose or (y) for any purpose
                which would breach Anti-Corruption Laws or Sanctions.
	 
	 7.11     Financial Covenants.  Except with the consent of the Required Financial Covenant Lenders:

      

    

    

    (a) Consolidated Interest Coverage Ratio.  Permit the
        Consolidated Interest Coverage Ratio as of the end of any fiscal quarter of the Company to be less than 3:00 to 1:00.

    (b) Consolidated Leverage Ratio.  Permit the Consolidated
        Leverage Ratio as of the end of any fiscal quarter of the Company to exceed the ratio set forth below opposite the period in which such day falls:

    

    

    	
            

                Fiscal Quarter Ended During the Periods Below

          	
            Maximum Consolidated

                Leverage Ratio

          
	
            September 30, 2018 through September 30, 2019

          	
            5.00:1:00

          
	
            December 31, 2019 through September 30, 2020

          	
            4.50:1:00

          
	
            December 31, 2020 through September 30, 2021

          	
            4.25:1:00

          
	
            December 31, 2021 and thereafter

          	
            4.00:1:00

          

    

    

    Notwithstanding the foregoing, following the delivery of a Specified Acquisition Certificate, the maximum Consolidated Leverage Ratio set forth
        above for each measurement date shall be permanently increased by 0.50:1.00.

    7.12     Sale and Leasebacks.  Enter into any arrangement with any Person providing for the leasing by the Company or any Subsidiary of real or personal property that has been or is to be sold or transferred by the
        Company or such Subsidiary to such Person or to any other Person to whom funds have been or are to be advanced by such Person on the security of such property or rental obligations of the Company or such Subsidiary unless such arrangement is
        entered into in connection with the financing of the acquisition of such property through the proceeds of a capital lease permitted by Section 7.03(g)(i)
        and the sale or transfer of such property occurs within thirty days following the acquisition thereof by the Company or any of its Subsidiaries.

    7.13     Accounting Changes.  (i) Make any material change in accounting principles or reporting practices, except as are made in accordance with GAAP or as are otherwise consented to by the Administrative Agent or (ii)
        change its fiscal year or quarters or the method of determination thereof; provided that this Section 7.13 shall not apply to a Bank Regulated Subsidiary to the extent that any such change is required or imposed by a Governmental Authority.

    7.14     Tax Receivable Agreement; Prepayments.

    (a) Make any payment under the Tax Receivable Agreement if an Event of Default has occurred and is continuing, or make any prepayment under the Tax
        Receivable Agreement other than Permitted Tax Receivable Agreement Prepayments.

    (b) Make any prepayment in respect of, or redeem or purchase, any Indebtedness incurred in reliance upon Section 7.03(k) or (o).

    7.15     Amendments.  Amend (i) the documents or instruments governing any Indebtedness incurred under Section 7.03(k) or (o) without the consent of the Administrative Agent or (ii) any Organizational Document in a manner materially adverse to the Administrative Agent or the
        Lenders.

    7.16     Permitted Securitization Transactions.

    (a) Permit the aggregate Attributable Indebtedness in respect of all Permitted Securitization Transactions of the Company, its Subsidiaries and all
        Permitted Securitization Entities to third parties to exceed $450,000,000 at any time.

    (b) Except in the case of a Permitted Securitization Entity, incur or become obligated with respect to any Indebtedness or other liabilities or
        obligations in connection with any Permitted Securitization Transaction other than Indebtedness or other liabilities or obligations (i) resulting from the transfer of any Securitization Assets in connection with a Permitted Securitization
        Transaction so long as such Indebtedness is non-recourse to the Company and any Subsidiary (other than the applicable Permitted Securitization Entity), except for Standard Securitization Undertakings and (ii) consisting of Standard Securitization
        Undertakings.

    
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    7.17     Changes in Locations, Name, etc.  In the case of any Loan Party any assets of which (including any Equity Interests of any Subsidiary) are pledged to secure any of the Obligations, except upon 10 days prior
        written notice to the Administrative Agent (or within any other such period as agreed by the Administrative Agent) and execution and delivery to the Administrative Agent of all additional financing statements and other documents reasonably
        requested by the Administrative Agent to maintain the validity, perfection and priority of the security interests provided for herein:

    (a) change its jurisdiction of organization;

    (b) change its name; or

    (c) if it is not a “registered organization” (as defined in the Uniform Commercial Code), change its location (as determined under the
        Uniform Commercial Code).

    ARTICLE VII

        EVENTS OF DEFAULT AND REMEDIES

    8.01     Events of Default.  Any of the following shall constitute an “Event of Default”:

    (a)      Non-Payment.  Any Borrower or any other Loan Party fails to pay (i) when and as required to be paid herein, and in the currency required hereunder,
        any amount of principal of any Loan or any L/C Obligation, or (ii) within three Business Days after the same becomes due, any interest on any Loan or on any L/C Obligation, or any fee due hereunder, or any other amount payable hereunder or under
        any other Loan Document; or

        (b)    
      Specific Covenants.  The Company fails to perform or observe any term, covenant or agreement contained in any of Section 6.01, 6.02, 6.03, 6.05, 6.10, 6.11, 6.13, 6.16 or Article VII; provided that a Default as a result of a breach of Section
      7.11 (the “Financial Covenants”) shall not in and of itself constitute an Event of Default with respect to any Term Facility (other than the Term A-3 Facility) unless the Required Financial Covenant Lenders have accelerated any Term A-3 Loans and
      Revolving Credit Loans then outstanding or terminated the Revolving Credit Commitments as a result of such breach and such declaration has not been rescinded on or before the date on which the Term Lenders (other than the Lenders under the Term A-3
      Facility) declare an Event of Default in connection therewith; or any Loan Party fails to perform or observe any term, covenant or agreement contained in any Guaranty to which it is a party; or

     

    

        (c)   
      Other Defaults.  Any Loan Party or the Specified Designated Borrower fails to perform or observe any other covenant or agreement (not specified in subsection (a) or (b) above) contained in any Loan Document on its part to be performed or
      observed and such failure continues for 30 days after the Company or any of its Subsidiaries obtains knowledge thereof; or

     

    

       (d)    Representations and Warranties.  Any representation, warranty, certification or
      statement of fact made or deemed made by or on behalf of the Company or any other Loan Party or the Specified Designated Borrower herein, in any other Loan Document, or in any document delivered in connection herewith or therewith shall be incorrect
      or misleading in any material respect when made or deemed made; or

    
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       (e)     Cross-Default.  (i) The Company, any other Loan Party or any Material
      Subsidiary (A) fails to make any payment when due (whether by scheduled maturity, required prepayment, acceleration, demand, or otherwise) in respect of any Indebtedness or Guarantee (other than Indebtedness hereunder and Indebtedness under Swap
      Contracts) having an aggregate principal amount (including undrawn committed or available amounts and including amounts owing to all creditors under any combined or syndicated credit arrangement) of more than the Threshold Amount, or fails to make
      any payment when due of the Swap Termination Value in an amount greater than the Threshold Amount, or (B) fails to observe or perform any other agreement or condition relating to any such Indebtedness or Guarantee or contained in any instrument or
      agreement evidencing, securing or relating thereto, or any other event occurs, the effect of which default or other event is to cause, or to permit the holder or holders of such Indebtedness or the beneficiary or beneficiaries of such Guarantee (or a
      trustee or agent on behalf of such holder or holders or beneficiary or beneficiaries) to cause, with the giving of notice if required, such Indebtedness to be demanded or to become due or to be repurchased, prepaid, defeased or redeemed
      (automatically or otherwise), or an offer to repurchase, prepay, defease or redeem such Indebtedness to be made, prior to its stated maturity, or such Guarantee to become payable or cash collateral in respect thereof to be demanded (in each case,
      after giving effect to any applicable grace period) (provided that any breach of any Financial Covenant giving rise to an event described in clause (B) above shall not, by itself, constitute an Event of Default under any Term Facility (other
      than the Term A-3 Facility) unless the Required Financial Covenant Lenders have accelerated any Term A-3 Loans and Revolving Credit Loans then outstanding or terminated the Revolving Credit Commitments as a result of such breach and such declaration
      has not been rescinded on or before the date on which the Term Lenders (other than the Lenders under the Term A-3 Facility) declare an Event of Default in connection therewith); provided that this clause (e)(i) shall not apply (x) to secured
      Indebtedness that becomes due as a result of the voluntary Disposition or transfer of the property or assets securing such Indebtedness, so long as such Disposition is permitted hereunder and such Indebtedness is retired concurrently therewith or (y)
      to mandatory prepayments or redemptions of Indebtedness incurred in reliance on Section 7.03(k), (o), (p), (q), (r), (s) or (t) in accordance with the terms of such Indebtedness, so long as such
      Disposition and such prepayment is permitted hereunder; or (ii) there occurs under any Swap Contract an Early Termination Date (as defined in such Swap Contract) resulting from any event of default under such Swap Contract as to which the Company,
      any other Loan Party or any Material Subsidiary is the Defaulting Party (as defined in such Swap Contract) and the Swap Termination Value owed by the Company, such other Loan Party or Material Subsidiary as a result thereof is greater than the
      Threshold Amount; or

    

         (f)       Insolvency Proceedings, Etc.  (i) Any Loan Party or any of its Material Subsidiaries (A) files, issues, institutes or consents to the filing, issuing or institution of any petition,
      procedure or proceeding under or to take advantage of any Debtor Relief Law, or (B) makes an assignment for the benefit of creditors or initiates or enters into a composition, compromise or arrangement with any of its creditors, or (C) applies for or
      consents to the appointment of any receiver, administrator, examiner, compulsory manager, trustee, custodian, conservator, liquidator, rehabilitator or similar officer for it or for all or any material part of its property, or (D) is adjudicated as
      insolvent; or (ii) any receiver, administrator, examiner, compulsory manager, trustee, custodian, conservator, liquidator, rehabilitator or similar officer is appointed in respect of any Loan Party or any of its Material Subsidiaries without the
      application or consent of such Person and, in the case of such an appointment under the laws of the United States or any other jurisdiction in which such appointment may be contested and such Person is contesting such appointment in good faith by
      appropriate proceedings diligently conducted, such appointment is not discharged or stayed within 60 calendar days; or (iii) any procedure or proceeding under or to take advantage of any Debtor Relief Law relating to any such Person or to all or any
      material part of its property is instituted or any petition under or to take advantage of any Debtor Relief Law is filed or issued without the consent of such Person and continues undismissed or unstayed for 60 calendar days, or an order for relief
      is entered in any such proceeding or with respect to any such petition; or

     

    

       (g)       Inability to Pay Debts; Attachment.  (i) The Company or any Material
      Subsidiary admits in writing its inability or fails generally to pay its debts as they become due, or (ii) any writ or warrant of attachment or execution or similar process is issued or levied against all or any material part of the property of any
      such Person and is not released, vacated or fully bonded within 30 days after its issue or levy; or

     

    

       (h)       Judgments.  There is entered against the Company or any Subsidiary one or
      more final judgments or orders for the payment of money in an aggregate amount (as to all such judgments or orders) exceeding the Threshold Amount (to the extent not covered by independent third-party insurance as to which the insurer does not
      dispute coverage) and enforcement of such judgment is not stayed, by reason of a pending appeal or otherwise, vacated, discharged or satisfied within 30 days after entry thereof, or there is a period of 10 consecutive days thereafter during which a
      stay of enforcement of such judgment is not in effect; or

    
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       (i)       ERISA.  (i) An ERISA Event occurs with respect to a Pension Plan or
      Multiemployer Plan which has resulted or could reasonably be expected to result in liability of the Company under Title IV of ERISA to the Pension Plan, Multiemployer Plan or the PBGC in an aggregate amount in excess of the Threshold Amount (provided
      that, with respect to any Multiemployer Plan, this clause (i) shall only apply if the Company has received written notice from such plan or otherwise becomes aware that an event or circumstance described in such clause has occurred) or (ii) the
      Company or any ERISA Affiliate fails to pay when due, after the expiration of any applicable grace period, and the extension of the time to pay in connection with the resolution of any dispute in accordance with the terms of Title IV of ERISA any
      installment payment with respect to its withdrawal liability under Section 4201 of ERISA under a Multiemployer Plan in an aggregate amount in excess of the Threshold Amount; or

     

    

    (j)  Invalidity of Loan Documents.  Any provision of any Loan Document, at any time after its execution and delivery and for any reason other than as expressly permitted hereunder or thereunder or
        satisfaction in full of all the Obligations, ceases to be in full force and effect; or any Loan Party or any other Person contests in any manner the validity or enforceability of any provision of any Loan Document; or any Loan Party or the
        Specified Designated Borrower denies that it has any or further liability or obligation under any provision of any Loan Document, or purports to revoke, terminate or rescind any provision of any Loan Document; or

    (k)  Change of Control.  There occurs any Change of Control; or

    (l)  Bank Regulated Subsidiary Event.  A Bank Regulated Subsidiary Event shall occur, or WEX Bank or any other Material Bank Regulated Subsidiary shall fail at any time to be “adequately capitalized” in
        accordance with applicable federal or state laws; or

    (m) Collateral Documents.  Any Collateral Document after delivery thereof pursuant to Section 4.01, 6.13 or 6.16 shall for any reason (other than pursuant to the terms thereof) cease to create a valid and perfected first priority Lien on the Collateral purported to be covered thereby; except to
          the extent that any such loss of perfection or priority results from the failure of the Administrative Agent to (i) maintain possession of certificates actually delivered to it representing securities pledged under the Collateral Documents, (ii)
          file initial Uniform Commercial Code financing statements or continuation statements or other equivalent filings or (iii) take any other action reasonably directed by the Company to create and maintain the validity, perfection or priority of the
          Lien thereof (and the Company shall pay all costs and expenses incurred in connection with any such action); or

    (n)       Subordination.  (i) The subordination
          provisions of the documents evidencing or governing any subordinated Indebtedness (the “Subordination Provisions”) shall, in whole or in part, terminate, cease to be effective or cease to be legally valid, binding and enforceable against any holder of the applicable
          subordinated Indebtedness; or (ii) the Company or any other Loan Party shall, directly or indirectly, disavow or contest in any manner (A) the effectiveness, validity or enforceability of any of the Subordination Provisions, (B) that the
          Subordination Provisions exist for the benefit of the Administrative Agent, the Lenders and the L/C Issuer or (C) that all payments of principal of or premium and interest on the applicable subordinated Indebtedness, or realized from the
          liquidation of any property of any Loan Party, shall be subject to any of the Subordination Provisions.

    
      	
              8.02

            	
               

            	
              Remedies Upon Event of Default.

            

       

    (i)          If an Event of Default occurs and is continuing as a result of a failure to observe or perform a Financial Covenant set forth in Section 7.11,
        the Administrative Agent shall, at the request of, or may, with the consent of, the Required Financial Covenant Lenders, take the following actions:

    
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    (a)          in the case of a termination of the Revolving Credit Commitments, declare the commitment of each Lender to make Loans and any obligation of the L/C Issuer to make L/C Credit Extensions to be terminated, whereupon such commitments and
        obligation shall be terminated;

    (b)          declare the unpaid principal amount of all outstanding Term A-3 Loans or Revolving Credit Loans, as applicable, all interest accrued and unpaid thereon, and all other amounts with respect thereto, owing or payable hereunder, without
        presentment, demand, protest or other notice of any kind, all of which are hereby expressly waived by the Borrowers;

     (c)          in the case of a termination of the Revolving Credit Commitments, require that the Company Cash Collateralize the L/C Obligations (in an amount equal to the then Outstanding Amount thereof); and

    (d)          in the case of a termination of the Revolving Credit Commitments, exercise on behalf of itself, the Lenders and the L/C Issuer all rights and remedies available to it, the Lenders and the L/C Issuer under the Loan Documents;

     (ii)          If any other Event of Default occurs and is continuing or if an Event of Default occurs and is continuing as a result of a failure to observe or perform a Financial Covenant set forth in Section 7.11 and any of actions set forth in (i) above have been taken, the Administrative Agent shall, at the request of, or may, with the consent of, the Required Lenders (or in the case of a
        termination of the Revolving Credit Commitments, the Required Revolving Credit Lenders), take any or all of the following actions:

    (a)          declare the commitment of each Lender to make Loans and any obligation of the L/C Issuer to make L/C Credit Extensions to be terminated, whereupon such commitments and obligation shall be terminated;

    (b)          declare the unpaid principal amount of all outstanding Loans, all interest accrued and unpaid thereon, and all other amounts owing or payable hereunder or under any other Loan Document to be immediately due and payable, without
        presentment, demand, protest or other notice of any kind, all of which are hereby expressly waived by the Borrowers;

    (c)          in the case of a termination of the Revolving Credit Commitments, require that the Company Cash Collateralize the L/C Obligations (in an amount equal to the then Outstanding Amount thereof); and

    (d)          exercise on behalf of itself, the Lenders and the L/C Issuer all rights and remedies available to it, the Lenders and the L/C Issuer under the Loan Documents;

    provided, however, that, notwithstanding (i) and (ii) above, upon the occurrence of an actual or deemed entry of an order for relief with respect to any Borrower under the
        Bankruptcy Code of the United States, the obligation of each Lender to make Loans and any obligation of the L/C Issuer to make L/C Credit Extensions shall automatically terminate, the unpaid principal amount of all outstanding Loans and all
        interest and other amounts as aforesaid shall automatically become due and payable, and the obligation of the Company to Cash Collateralize the L/C Obligations as aforesaid shall automatically become effective, in each case without further act of
        the Administrative Agent or any Lender.

    
      	
               8.03     Application
                    of Funds.  After the exercise of remedies provided for in Section 8.02 (or after the Loans have automatically become immediately
                  due and payable and the L/C Obligations have automatically been required to be Cash Collateralized as set forth in the proviso to Section 8.02),

                  any amounts received on account of the Obligations shall be applied by the Administrative Agent in the following order:

            

      

    
      - 140 -

      
        

    

    First,
        to payment of that portion of the Obligations constituting fees, indemnities, expenses and other amounts (including fees, charges and disbursements of counsel to the Administrative Agent and amounts payable under Article III) payable to the Administrative Agent in its capacity as such;

    Second,
        to payment of that portion of the Obligations constituting fees, indemnities and other amounts (other than principal, interest and Letter of Credit Fees) payable to the Lenders and the L/C Issuer (including  fees, charges and disbursements of
        counsel to the respective Lenders and the L/C Issuer (including fees and time charges for attorneys who may be employees of any Lender or the L/C Issuer) arising under the Loan Documents and amounts payable under Article III), ratably among them 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 Letter of Credit Fees and interest on the Loans, L/C Borrowings and other Obligations arising under the Loan Documents, ratably among the Lenders and the L/C Issuer 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 and L/C Borrowings and Obligations then owing under Specified Hedge Agreements and Specified Cash Management Agreement, ratably among the Lenders, the L/C
        Issuer, the Hedge Banks and the Cash Management Banks in proportion to the respective amounts described in this clause Fourth held by them;

    Fifth,
        to the Administrative Agent for the account of the L/C Issuer, to Cash Collateralize that portion of L/C Obligations comprised of the aggregate undrawn amount of Letters of Credit; and

    Last,
        the balance, if any, after all of the Obligations have been indefeasibly paid in full, to the Company or as otherwise required by Law.

    Subject to Section 2.03(c), amounts used to Cash Collateralize the aggregate undrawn amount of Letters of Credit pursuant to clause Fifth above shall be applied to satisfy drawings under such Letters of Credit as they occur.  If any
        amount remains on deposit as Cash Collateral after all Letters of Credit have either been fully drawn or expired, such remaining amount shall be applied to the other Obligations, if any, in the order set forth above.

    Notwithstanding the foregoing, Obligations arising under the Specified Cash Management
        Agreement and Specified Hedge Agreements shall be excluded from the application described above if the Administrative Agent has not received written notice thereof, together with such supporting documentation as the Administrative Agent may
        request, from the applicable Cash Management Bank or Hedge Bank, as the case may be.  Each Cash Management Bank or Hedge Bank not a party to this Agreement that has given notice contemplated by the preceding sentence shall, by such notice, be
        deemed to have acknowledged and accepted the appointment of the Administrative Agent pursuant to the terms of Article IX hereof for itself and its
        Affiliates as if a “Lender” party hereto.

    
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    ARTICLE VIII

        ADMINISTRATIVE AGENT

    
      	
               9.01

            	
               

            	
               Appointment and Authority.

            

        

      

    (a) Each of the Lenders and the L/C Issuer hereby irrevocably appoints Bank of America to act on its behalf as the Administrative Agent hereunder and
        under the other Loan Documents and the CAM Agreement 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 IX are solely for the benefit of the Administrative Agent, the
        Lenders and the L/C Issuer, and no Borrower 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.

    (b) The Administrative Agent shall also act as the “collateral agent”
        under the Loan Documents and the CAM Agreement, and each of the Lenders (including in its capacities as a potential Hedge Bank and a potential Cash Management Bank) and the L/C Issuer hereby irrevocably appoints and authorizes the Administrative
        Agent to act as the agent of such Lender and the L/C Issuer for purposes of acquiring, holding and enforcing any and all Liens on Collateral granted by any of the Loan Parties to secure any of the Obligations, together with such powers and
        discretion as are reasonably incidental thereto.  In this connection, the Administrative Agent, as “collateral agent” and any co-agents, sub-agents and attorneys-in-fact appointed by the Administrative Agent pursuant to Section 9.05 for purposes of holding or enforcing any Lien on the Collateral (or any portion thereof) granted under the Collateral Documents, or for exercising any rights and
        remedies thereunder at the direction of the Administrative Agent), shall be entitled to the benefits of all provisions of this Article IX and Article X (including Section 10.04(c), as though such co-agents,
        sub-agents and attorneys-in-fact were the “collateral agent” under the Loan Documents) as if set forth in full herein with respect thereto.

    
      	  9.02     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 Borrowers 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.
	 
	  9.03      Exculpatory Provisions.  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 shall be administrative in nature.  Without limiting the generality of the foregoing, the
              Administrative Agent:

      

    

    (a) shall not be subject to any fiduciary or other implied duties, regardless of whether a Default has occurred and is continuing;

    
      - 142 -

      
        

    

    (b) 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;

    (c) 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 any of the Borrowers or any of their respective Affiliates that is communicated to or obtained by the Person serving as the Administrative Agent or any of its Affiliates in any capacity;

    (d) 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 Sections 10.01 and 8.02) or (ii) in the absence of its own gross negligence or willful
        misconduct, as determined by a court of competent jurisdiction by a final and nonappealable judgment.  The Administrative Agent shall be deemed not to have knowledge of any Default unless and until notice describing such Default is given to the
        Administrative Agent by the Company, a Lender or the L/C Issuer; and

    (e) 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, (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, (iv) the validity, enforceability, effectiveness or genuineness of this Agreement, any other Loan Document
        or any other agreement, instrument or document, or the creation, perfection or priority of any Lien purported to be created by the Collateral Documents, (v) the value or the sufficiency of any Collateral, or (vi) the satisfaction of any condition
        set forth in Article IV or elsewhere herein, other than to confirm receipt of items expressly required to be delivered to the Administrative Agent.

    
      	  9.04     Reliance by 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 the L/C Issuer, the Administrative Agent may presume that such condition is satisfactory to such Lender or the L/C Issuer unless the Administrative
              Agent shall have received notice to the contrary from such Lender or the L/C Issuer 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 Company), 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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      	  9.05     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 IX shall apply to any such sub-agent and to the Related Parties of the Administrative Agent and any such sub-agent, and shall apply to their respective activities in connection with
              the syndication of the credit facilities provided for herein as well as activities as Administrative Agent.  The Administrative Agent shall not be responsible for the negligence or misconduct of any sub-agents except to the extent that a
              court of competent jurisdiction determines in a final and nonappealable judgment that the Administrative Agent acted with gross negligence or willful misconduct in the selection of such sub-agents.
	 
	  9.06     Resignation of Administrative Agent.  The
              Administrative Agent may at any time give notice of its resignation to the Lenders, the L/C Issuer and the Company.  Upon receipt of any such notice of resignation, the Required Lenders shall have the right, in consultation with the Company,
              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, then the retiring Administrative Agent may on behalf of the Lenders and the L/C Issuer, appoint a successor Administrative Agent
              meeting the qualifications set forth above; provided that if the Administrative Agent shall notify the Company and the Lenders that no qualifying Person has accepted such appointment, then such resignation shall nonetheless become effective
              in accordance with such notice and (1) the retiring Administrative Agent shall be discharged from its duties and obligations hereunder and under the other Loan Documents (except that in the case of any collateral security held by the
              Administrative Agent on behalf of the Lenders or the L/C Issuer under any of the Loan Documents, the retiring Administrative Agent shall continue to hold such collateral security until such time as a successor Administrative Agent is
              appointed) and (2) 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 the L/C Issuer directly, until such time as the Required Lenders
              appoint a successor Administrative Agent as provided for above in this Section 9.06.  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 retired) Administrative Agent, and the retiring Administrative Agent shall be discharged from all of its duties and obligations hereunder or under the other Loan Documents (if not
              already discharged therefrom as provided above in this Section 9.06).  The fees payable by the Company to a successor Administrative Agent shall be the same as those payable to its predecessor unless otherwise agreed between the Company and
              such successor.  After the retiring Administrative Agent’s resignation hereunder and under the other Loan Documents, the provisions of this Article IX and Section 10.04 shall continue in effect for the benefit of such retiring Administrative
              Agent, its sub-agents and their respective Related Parties in respect of any actions taken or omitted to be taken by any of them (i) while the retiring Administrative Agent was acting as Administrative Agent and (ii) after such resignation or
              removal for as long as any of them continues to act in any capacity hereunder or under the other Loan Documents, including (a) acting as collateral agent or otherwise holding any collateral security on behalf of any of the Lenders and (b) in
              respect of any actions taken in connection with transferring the agency to any successor Administrative Agent.

      

    

    Any resignation by Bank of America as Administrative Agent pursuant to this Section 9.06 shall also constitute its resignation as L/C Issuer and Swing Line Lender; provided that Bank of America shall give at least 30 days’ notice thereof to the Company.  Upon the acceptance of a successor’s appointment as Administrative Agent hereunder, (a) such successor shall succeed to and become
        vested with all of the rights, powers, privileges and duties of the retiring L/C Issuer and Swing Line Lender, (b) the retiring L/C Issuer and Swing Line Lender shall be discharged from all of their respective duties and obligations hereunder or
        under the other Loan Documents, and (c) the successor L/C Issuer 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 L/C
        Issuer to effectively assume the obligations of the retiring L/C Issuer with respect to such Letters of Credit.

    
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                9.07    
                    Non-Reliance on Administrative Agent and Other Lenders.  Each Lender and the L/C Issuer 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 the L/C Issuer 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.

            
	 
	  9.08     No Other Duties, Etc.  Anything herein to the contrary notwithstanding, none of the Joint Lead Arrangers or the Documentation Agent 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 the L/C Issuer hereunder.
	 
	  9.09    
                  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 any Loan Party, 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 any Borrower) shall be entitled
                and empowered, by intervention in such proceeding or otherwise: 

            

      

    

    

    (a) to file and prove a claim for the whole amount of the principal and interest owing and unpaid in respect of the Loans, 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 L/C Issuer and the Administrative Agent (including any claim for the reasonable
        compensation, expenses, disbursements and advances of the Lenders, the L/C Issuer and the Administrative Agent and their respective agents and counsel and all other amounts due the Lenders, the L/C Issuer and the Administrative Agent under Sections 2.03(i) and (j), 2.09 and 10.04) allowed in such judicial proceeding; and

       (b)            to collect and receive any monies or other property payable or
      deliverable on any such claims and to distribute the same;

     

    

    and any custodian, receiver, assignee, trustee, liquidator, sequestrator or other similar official in any such judicial
        proceeding is hereby authorized by each Lender and the L/C Issuer 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 L/C
        Issuer, 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 2.09 and 10.04.

    Nothing contained herein shall be deemed to authorize the Administrative Agent to
        authorize or consent to or accept or adopt on behalf of any Lender or the L/C Issuer any plan of reorganization, arrangement, adjustment or composition affecting the Obligations or the rights of any Lender or the L/C Issuer to authorize the
        Administrative Agent to vote in respect of the claim of any Lender or the L/C Issuer in any such proceeding.

    
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    The Secured Parties hereby irrevocably authorize the Administrative Agent, at the
        direction of the Required Lenders, to credit bid all or any portion of the Obligations (including accepting some or all of the Collateral in satisfaction of some or all of the Obligations pursuant to a deed in lieu of foreclosure or otherwise) and
        in such manner purchase (either directly or through one or more acquisition vehicles) all or any portion of the Collateral (a) at any sale thereof conducted under the provisions of the Bankruptcy Code of the United States, including under Sections
        363, 1123 or 1129 of the Bankruptcy Code of the United States, or any similar Laws in any other jurisdictions to which a Loan Party is subject, (b) at any other sale or foreclosure or acceptance of collateral in lieu of debt conducted by (or with
        the consent or at the direction of) the Administrative Agent (whether by judicial action or otherwise) in accordance with any applicable Law.  In connection with any such credit bid and purchase, the Obligations owed to the Secured Parties shall be
        entitled to be, and shall be, credit bid on a ratable basis (with Obligations with respect to contingent or unliquidated claims receiving contingent interests in the acquired assets on a ratable basis that would vest upon the liquidation of such
        claims in an amount proportional to the liquidated portion of the contingent claim amount used in allocating the contingent interests) in the asset or assets so purchased (or in the Equity Interests or debt instruments of the acquisition vehicle or
        vehicles that are used to consummate such purchase).  In connection with any such bid (i) the Administrative Agent shall be authorized to form one or more acquisition vehicles to make a bid, (ii) the Administrative Agent shall be authorized to
        adopt documents providing for the governance of the acquisition vehicle or vehicles (provided that any actions by the Administrative Agent with respect to
        such acquisition vehicle or vehicles, including any disposition of the assets or Equity Interests thereof shall be governed, directly or indirectly, by the vote of the Required Lenders, irrespective of the termination of this Agreement and without
        giving effect to the limitations on actions by the Required Lenders contained in clauses (a) through (k) of Section 10.01 of this Agreement, (iii) the
        Administrative Agent shall be authorized to assign the relevant Obligations to any such acquisition vehicle pro rata by the Lenders, as a result of which each of the Lenders shall be deemed to have received a pro rata portion of any Equity
        Interests and/or debt instruments issued by such an acquisition vehicle on account of the assignment of the Obligations to be credit bid, all without the need for any Secured Party or acquisition vehicle to take any further action, and (iv) to the
        extent that Obligations that are assigned to an acquisition vehicle are not used to acquire Collateral for any reason (as a result of another bid being higher or better, because the amount of Obligations assigned to the acquisition vehicle exceeds
        the amount of debt credit bid by the acquisition vehicle or otherwise), such Obligations shall automatically be reassigned to the Lenders pro rata and the Equity Interests and/or debt instruments issued by any acquisition vehicle on account of the
        Obligations that had been assigned to the acquisition vehicle shall automatically be cancelled, without the need for any Secured Party or any acquisition vehicle to take any further action.

    
      	
              9.10

            	
               

            	
              Collateral and Guaranty Matters.  The Lenders and the L/C
                  Issuer irrevocably authorize the Administrative Agent, at its option and in its discretion,

            

        

      

    (a) to release any Lien on any property granted to or held by the Administrative Agent under any Loan Document (i) upon termination of the
        Revolving Credit Facility and payment in full of all Obligations (other than (A) contingent indemnification obligations and (B) obligations and liabilities under Specified Cash Management Agreements and Specified Hedge Agreements) and the
        expiration or termination of all Letters of Credit (other than Letters of Credit as to which other arrangements satisfactory to the Administrative Agent and the L/C Issuer shall have been made), (ii) that is sold or to be sold as part of or in
        connection with any sale permitted hereunder or under any other Loan Document to a Person that is not a Loan Party, or (iii) subject to Section 10.01, if
        approved, authorized or ratified in writing by the Required Lenders;

    (b) with respect to any Subsidiary who is Subsidiary Guarantor or whose Equity Interests have been pledged pursuant to the Foreign
        Subsidiary Pledge Documents, the Administrative Agent may release such guaranty or pledge if such Subsidiary ceases to be a Subsidiary or becomes an Excluded Pledge Subsidiary (or becomes a Domestic Subsidiary that is treated as a disregarded
        entity for U.S. federal income tax purposes and that owns directly or indirectly through one or more flow-through entities no material assets other than the Equity Interests of one or more Foreign Subsidiaries that are controlled foreign
        corporations, in which case, 35% of the Equity interests in such Subsidiary shall be released from the pledge), an Excluded Domestic Guaranty Subsidiary or an Excluded Foreign Guaranty Subsidiary, as applicable, in each case in a transaction
        permitted hereunder;

    
      - 146 -

      
        

    

    (c) to subordinate any Lien on any property granted to or held by the Administrative Agent under any Loan Document to the holder of any
        Lien on such property that is permitted by Section 7.01(i); and

    (d) to release any Subsidiary Guarantor from its obligations under any Subsidiary Guaranty if such Person ceases to be a Subsidiary as a
        result of a transaction permitted hereunder.

    Upon request by the Administrative Agent at any time, the Required Lenders will
        confirm in writing the Administrative Agent’s authority to release any Subsidiary Guarantor from its obligations under the Guaranties pursuant to this Section 9.10.

    
      	
                 9.11    
                    Specified Cash Management Agreements and Specified Hedge Agreements.  No Cash Management Bank or Hedge Bank that obtains the benefits of Section
                      8.03, the Guaranties or the Collateral Documents by virtue of the provisions hereof or thereof have any right to notice of any action or to consent to, direct or object to any action hereunder or under any other Loan
                  Document or otherwise in respect of the collateral (including the release or impairment of any collateral) granted in the Collateral Documents other than in its capacity as a Lender and, in such case, only to the extent expressly provided
                  in the Loan Documents.  Notwithstanding any other provision of this Article IX to the contrary, the Administrative Agent shall not be
                  required to verify the payment of, or that other satisfactory arrangements have been made with respect to, Obligations arising under Specified Cash Management Agreements and Specified Hedge Agreements unless the Administrative Agent has
                  received written notice of such Obligations, together with such supporting documentation as the Administrative Agent may request, from the applicable Cash Management Bank or Hedge Bank, as the case may be.

            

      

    ARTICLE IX

        MISCELLANEOUS

    
      	
               10.01    
                    Amendments, Etc.  No amendment or waiver of any provision of this Agreement or any other Loan Document, and no consent to any departure by the Company or any other Loan Party therefrom, shall be effective unless in writing signed
                  by the Required Lenders and the Company or the applicable Loan Party, as the case may be, and acknowledged by the Administrative Agent, and each such waiver or consent shall be effective only in the specific instance and for the specific
                  purpose for which given; provided, however,
                  that unless expressly provided otherwise below, the Required Lenders’ consent shall not be required in the following cases, and instead no such amendment, waiver or consent shall:

            

      

    (a) waive any condition set forth in Section 4.01(a)
        without the written consent of each Lender;

    (b) without limiting the generality of clause (a) above, waive any condition set forth in Section 4.02 as to any Credit Extension under a particular Facility without the written consent of the Required Revolving Credit Lenders, the Required Term A-3 Lenders or the Required Term B-2
        Lenders, as applicable;

    (c) extend or increase the Commitment of any Lender (or reinstate any Commitment terminated pursuant to Section 8.02) without the written consent of such Lender;

    
      - 147 -

      
        

    

    (d) 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 affected thereby;

    (e) reduce the principal of, or the rate of interest specified herein on, any Loan or L/C Borrowing, or (subject to clause (iv) of the
        second proviso to this Section 10.01) any fees or other amounts payable hereunder or under any other Loan Document without the written consent of each
        Lender directly affected thereby; provided, however, that only
        the consent of the Required Lenders shall be necessary to amend the definition of “Default Rate” or to waive any obligation of any Borrower to pay interest or Letter of Credit Fees at the Default Rate;

    (f) change (i) Section 2.13 or Section 8.03 in a manner that would alter the pro rata sharing of payments required thereby without the written consent of each Lender or (ii) the order of (x)
        application of any reduction in the Commitments or (y) any prepayment of Loans among the Facilities from the application thereof set forth in the applicable provisions of Section

            2.05 or 2.06, respectively, in any manner that materially and adversely affects the Lenders under a Facility without the written consent of
        the Required Revolving Credit Lenders, in the case of the Revolving Credit Facility, the Required Term A-3 Lenders, in the case of the Term A-3 Facility, or the Required Term B-2 Lenders, in the case of the Term B-2 Facility;

    (g) amend Section 1.06 or the definition of
        “Alternative Currency” without the written consent of each Revolving Credit Lender;

    (h) (i) change the definition of “Required Revolving Credit Lenders,” “Required Term A-3 Lenders,” “Required Term B-2 Lenders” or 
        “Required Financial Covenant Lenders” or any other provision hereof specifying the number or percentage of Lenders of any Facility required to amend, waive or otherwise modify any rights hereunder or make any determination or grant any consent
        hereunder, in each case with respect to such Facility, or (ii) change any provision of this Section 10.01 or the definition of “Required Lenders” or
        “Required Financial Covenant 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 under the applicable Facility, in the case of the foregoing clause (i), or each Lender, in the case of the foregoing clause (ii);

    (i) release all or substantially all of the collateral granted to the Secured Parties as security for the Obligations pursuant the
        Collateral Documents in any transaction or series of related transactions, other than transactions permitted under this Agreement, without the written consent of each Lender;

    (j) release the Company from the Company Guaranty
        or all or substantially all of the value of the Guaranties without the written consent of each Lender, except to the extent the release of any Subsidiary Guarantor is permitted pursuant to Section 9.10 or is otherwise permitted under this Agreement (in which case such release may be made by the Administrative Agent acting alone);

    (k) impose any greater restriction on the ability of any Lender under a Facility to assign any of its rights or obligations hereunder
        without the written consent of such Lender;

    (l) waive or amend Section 7.11 or any defined
        term (or component defined term) as used therein (or any Default or Event of Default or exercise of remedies by the Required Financial Covenant Lenders in respect or as a result thereof) without the written consent of the Required Financial
        Covenant Lenders;

    
      - 148 -

      
        

    

    provided, further, that (i) no amendment, waiver or consent shall, unless in writing and signed by the L/C Issuer in addition to the Lenders required above, affect the
        rights or duties of the L/C Issuer under this Agreement or any Issuer Document 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 Swing Line Lender in
        addition to the Lenders required above, affect the rights or duties of the Swing Line 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; and (iv) the Fee Letter may be amended, or rights or privileges thereunder waived, in a writing executed only by the parties
        thereto.  Notwithstanding anything to the contrary herein, 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 (x) the Commitment of such Defaulting Lender may not be increased or extended without the consent of such
        Lender, and (y) any waiver, amendment or modification requiring the consent of all Lenders or each affected Lender that by its terms affects any Defaulting Lender more adversely than other affected Lenders shall require the consent of such
        Defaulting Lender.

    Notwithstanding the foregoing, this Agreement may be amended (or amended and restated)
        from time to time with the consent of the Required Revolving Credit Lenders, the Administrative Agent and the Company to add one or more foreign currency subfacilities within the Revolving Credit Facility to permit the making of Revolving Credit
        Loans and the issuance of Letters of Credit in a currency, other than Dollars or an Alternative Currency, that has not been approved by all Revolving Credit Lenders under Section

            1.06 after a request for such approval by the Company.  All Credit Extensions under any such subfacility shall reduce the amount available to be borrowed under the Revolving Credit Facility and shall be made pro rata among the
        Revolving Credit Lenders participating in each applicable subfacility.  The principal, interest and other amounts in respect of any such subfacility shall be payable pro rata to the Revolving Credit Lenders participating in each applicable
        subfacility, but the existence of any such subfacility shall not affect the fees otherwise payable to the Revolving Credit Lenders under the Revolving Credit Facility.  No Lender shall have any obligation to participate in any subfacility of the
        kind described in this paragraph.

    In addition, notwithstanding anything to the contrary in this Section 10.01, any Additional Credit Extension Amendment shall be effective in accordance with the terms specifically provided in Sections 2.17, 2.18 and 2.19.

    For the purposes of any amendment under this Section 10.01, and any other consent, approval or determination under this Agreement, any consent, approval or determination of a Lender shall constitute the consent, approval and
        determination by each related Designated Lender.

    
      	10.02 	
               

            	
              Notices; Effectiveness; Electronic Communication.

            

        

      

    (a) Notices Generally.  Except in the case of notices and other
        communications expressly permitted to be given by telephone (and except as provided in subsection (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 telecopier as follows, and all notices and other communications expressly permitted hereunder to be given by telephone shall be made to the applicable telephone number, as follows:

    (i) if to a Borrower, the Administrative Agent, the L/C Issuer or the Swing Line Lender, to the address, telecopier number,
        electronic mail address or telephone number specified for such Person on Schedule 10.02; and

    (ii) if to any other Lender, to the address, telecopier number, electronic mail address or telephone number specified in its
        Administrative Questionnaire (including, as appropriate, notices delivered solely to the Person designated by a Lender on its Administrative Questionnaire then in effect for the delivery of notices that may contain material non-public information
        relating to the Company).

    
      - 149 -

      
        

    

    Notices and other communications sent by hand or overnight courier service, or mailed
        by certified or registered mail, shall be deemed to have been given when received; notices and other communications sent by telecopier shall be deemed to have been given when sent (except that, if not given during normal business hours for the
        recipient, shall be deemed to have been given at the opening of business on the next business day for the recipient).  Notices and other communications delivered through electronic communications to the extent provided in subsection (b) below,
        shall be effective as provided in such subsection (b).

    (b) Electronic Communications.  Notices and other
        communications to the Lenders and the L/C Issuer 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 the L/C Issuer pursuant to Article II if such Lender or the L/C Issuer, as applicable, has notified the Administrative Agent that it is incapable of receiving notices under such Article by electronic communication.  The Administrative Agent,
        the Swing Line Lender, the L/C Issuer or the Company may each, 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 if such notice or other communication is not sent
        during the normal business hours of the recipient, such notice or communication shall be deemed to have been sent at the opening of business on the next business day for the recipient.

    (c) The Platform.  THE PLATFORM IS PROVIDED “AS IS” AND “AS
        AVAILABLE.”  THE AGENT PARTIES (AS DEFINED BELOW) DO NOT WARRANT THE ACCURACY OR COMPLETENESS OF THE BORROWER MATERIALS OR THE ADEQUACY OF THE PLATFORM, AND EXPRESSLY DISCLAIM LIABILITY FOR ERRORS IN OR OMISSIONS FROM THE BORROWER MATERIALS.  NO
        WARRANTY OF ANY KIND, EXPRESS, IMPLIED OR STATUTORY, INCLUDING ANY WARRANTY OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, NON-INFRINGEMENT OF THIRD PARTY RIGHTS OR FREEDOM FROM VIRUSES OR OTHER CODE DEFECTS, IS MADE BY ANY AGENT PARTY IN
        CONNECTION WITH THE BORROWER MATERIALS OR THE PLATFORM.  In no event shall the Administrative Agent or any of its Related Parties (collectively, the “Agent Parties”)
        have any liability to any Borrower, any Lender, the L/C Issuer or any other Person for losses, claims, damages, liabilities or expenses of any kind (whether in tort, contract or otherwise) arising out of any Borrower’s or the Administrative Agent’s
        transmission of Borrower Materials through the Internet, except to the extent that such losses, claims, damages, liabilities or expenses are determined by a court of competent jurisdiction by a final and nonappealable judgment to have resulted from
        the gross negligence or willful misconduct of such Agent Party; provided, however,
        that in no event shall any Agent Party have any liability to any Borrower, any Lender, the L/C Issuer or any other Person for indirect, special, incidental, consequential or punitive damages (as opposed to direct or actual damages).

    
      - 150 -

      
        

    

    (d) Change of Address, Etc.  Each of the Borrowers, the
        Administrative Agent, the L/C Issuer and the Swing Line Lender may change its address, telecopier or telephone number for notices and other communications hereunder by notice to the other parties hereto.  Each other Lender may change its address,
        telecopier or telephone number for notices and other communications hereunder by notice to the Company, the Administrative Agent, the L/C Issuer and the Swing Line Lender.  In addition, each Lender agrees to notify the Administrative Agent from
        time to time to ensure that the Administrative Agent has on record (i) an effective address, contact name, telephone number, telecopier number and electronic mail address to which notices and other communications may be sent and (ii) accurate wire
        instructions for such Lender.  Furthermore, each Public Lender agrees to cause at least one individual at or on behalf of such Public Lender to at all times have selected the “Private Side Information” or similar designation on the content
        declaration screen of the Platform in order to enable such Public Lender or its delegate, in accordance with such Public Lender’s compliance procedures and applicable Law, including United States Federal and state securities Laws, to make reference
        to Borrower Materials that are not made available through the “Public Side Information” portion of the Platform and that may contain material non-public information with respect to the Company or its securities for purposes of United States Federal
        or state securities laws.

    (e) Reliance by Administrative Agent, L/C Issuer and Lenders. 
        The Administrative Agent, the L/C Issuer and the Lenders shall be entitled to rely and act upon any notices (including telephonic Loan Notices and Swing Line Loan Notices) purportedly given by or on behalf of any Borrower even if (i) such notices
        were not made in a manner specified herein, were incomplete or were not preceded or followed by any other form of notice specified herein, or (ii) the terms thereof, as understood by the recipient, varied from any confirmation thereof.  The Company
        shall indemnify the Administrative Agent, the L/C Issuer, each Lender and the Related Parties of each of them from all losses, costs, expenses and liabilities resulting from the reliance by such Person on each notice purportedly given by or on
        behalf of any Borrower.  All telephonic notices to and other telephonic communications with the Administrative Agent may be recorded by the Administrative Agent, and each of the parties hereto hereby consents to such recording.

    
      	
               10.03     No Waiver;
                    Cumulative Remedies; Enforcement.  No failure by any Lender or the Administrative Agent to exercise, and no delay by any such Person in exercising, any right, remedy, power or privilege hereunder shall operate as a waiver
                  thereof; nor shall any single or partial exercise of any right, remedy, power or privilege hereunder preclude any other or further exercise thereof or the exercise of any other right, remedy, power or privilege.  The rights, remedies,
                  powers and privileges herein provided are cumulative and not exclusive of any rights, remedies, powers and privileges provided by law.

            

      

    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 Loan Parties or any of them 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 8.02 for the benefit of all the Lenders and the L/C
        Issuer; provided, however, 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) the L/C Issuer or the Swing Line
        Lender from exercising the rights and remedies that inure to its benefit (solely in its capacity as L/C Issuer or Swing Line Lender, as the case may be) hereunder and under the other Loan Documents, (c) any Lender from exercising setoff rights in
        accordance with Section 10.08 (subject to the terms of Section 2.13),

        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 any Loan Party under any Debtor Relief Law; 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 8.02 and (ii)
        in addition to the matters set forth in clauses (b), (c) and (d) of the preceding proviso and subject to Section 2.13, 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.

    
      - 151 -

      
        

    

    
      	
              10.04 

            	
               

            	
              Expenses; Indemnity; Damage Waiver.

            

        

      

    (a) Costs and Expenses.  The Company shall pay (i) all
        reasonable out-of-pocket expenses incurred by the Administrative Agent and its Affiliates (including the reasonable fees, charges and disbursements of counsel for the Administrative Agent), in connection with the syndication of the credit
        facilities provided for herein, the preparation, negotiation, execution, delivery and administration of this Agreement and the other Loan Documents or 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 out-of-pocket expenses incurred by the L/C Issuer 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 the L/C Issuer (including the fees, charges and disbursements of any counsel for the Administrative Agent, any Lender or the L/C Issuer),
        and shall pay all fees and time charges for attorneys who may be employees of the Administrative Agent, any Lender or the L/C Issuer, 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 10.04, 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.

    (b) Indemnification by the Company.  The Company shall
        indemnify the Administrative Agent (and any sub-agent thereof), the Joint Lead Arrangers, each Lender and the L/C Issuer, and each Related Party of any of the foregoing Persons (each such Person being called an “Indemnitee”) against, and hold each Indemnitee harmless from, any and all losses, claims, damages, liabilities and related expenses (including the fees, charges and disbursements of any
        counsel for any Indemnitee), and shall indemnify and hold harmless each Indemnitee from all 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 third party or by any Borrower, any other Loan Party or the Specified Designated 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, the consummation of the transactions contemplated hereby or thereby, or, in the case of the Administrative
        Agent (and any sub-agent thereof) and its Related Parties only, the administration of this Agreement and the other Loan Documents, (ii) any Loan or Letter of Credit or the use or proposed use of the proceeds therefrom (including any refusal by the
        L/C Issuer 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 any Borrower or any of its Subsidiaries, or any Environmental Liability related in any way to any Borrower or any of its Subsidiaries, or (iv) any actual or prospective claim,
        litigation, investigation or proceeding relating to any of the foregoing, whether based on contract, tort or any other theory, whether brought by a third party or by the Company, any other Loan Party or the Specified Designated Borrower, and
        regardless of whether any Indemnitee is a party thereto; provided that such indemnity shall not, as to any Indemnitee, be available to the extent that such
        losses, claims, damages, liabilities or related expenses (x) are determined by a court of competent jurisdiction by final and nonappealable judgment to have resulted from the gross negligence or willful misconduct of such Indemnitee or (y) result
        from a claim brought by the Company, any other Loan Party or the Specified Designated Borrower against an Indemnitee such Indemnitee’s material breach of its obligation to fund any Revolving Credit Loan in accordance with the terms hereof, or any
        for breach in bad faith of such Indemnitee’s obligations hereunder or under any other Loan Document, if the Company, such other Loan Party or the Specified Designated Borrower has obtained a final and nonappealable judgment in its favor on such
        claim as determined by a court of competent jurisdiction.  The Company shall only be required to reimburse the Indemnitees for a single counsel for the Administrative Agent and a single counsel for all other Indemnitees for related claims in each
        applicable jurisdiction; provided that an Indemnitee shall have the right to employ separate counsel, and the Company shall bear the reasonable fees, costs
        and expenses of such separate counsel, if (1) the use of counsel chosen by the other Indemnitees to represent the Indemnitees would present such counsel with a conflict of interest; (2) such Indemnitee shall have reasonably concluded, in good
        faith, that there may be legal claims or defenses available to it that are different from or additional to those available to the other Indemnitees; (3) such Indemnitee shall have reasonably concluded, in good faith, that it otherwise has divergent
        interests from the other Indemnitees or (4) the Company shall authorize in writing such Indemnitee to employ separate counsel at the Company’s expense.  Without limiting the provisions of Section 3.01(c), this Section 10.04(b) shall not apply with respect to Taxes other than any Taxes that represent
        losses, claims, damages, or liabilities arising from any non-Tax claim.

    
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    (c) Reimbursement by Lenders.  To the extent that the Company
        for any reason fails to indefeasibly pay any amount required under subsection (a) or (b) of this Section 10.04 to be paid by it to the Administrative Agent
        (or any sub-agent thereof), the L/C Issuer or any Related Party of any of the foregoing, each Lender severally agrees to pay to the Administrative Agent (or any such sub-agent), the L/C Issuer or such Related Party, as the case may be, such
        Lender’s Applicable Percentage (determined as of the time that the applicable unreimbursed expense or indemnity payment is sought) of such unpaid amount; provided
        that the unreimbursed expense or indemnified loss, claim, damage, liability or related expense, as the case may be, was incurred by or asserted against the Administrative Agent (or any such sub-agent) or the L/C Issuer 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) or L/C Issuer in connection with such capacity.  The obligations of the Lenders under this subsection (c) are subject to the provisions of
        Section 2.12(d).

    (d) Waiver of Consequential Damages, Etc.  To the fullest
        extent permitted by applicable law, no Borrower shall assert, and hereby waives, and acknowledges that no other Person shall have, any claim against any Indemnitee, on any theory of liability, for special, indirect, consequential or punitive
        damages (as opposed to direct or actual damages) arising out of, in connection with, or as a result of, this Agreement, 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.  No Indemnitee referred to in subsection (b) above shall be liable for any damages arising from the use by unintended recipients of any information or other materials distributed to such
        unintended recipients by such Indemnitee through telecommunications, electronic or other information transmission systems in connection with this Agreement or the other Loan Documents or the transactions contemplated hereby or thereby other than
        for direct or actual damages resulting from the gross negligence or willful misconduct of such Indemnitee as determined by a final and nonappealable judgment of a court of competent jurisdiction.

    (e) Payments.  All amounts due under this Section 10.04 shall be payable not later than ten Business Days after demand therefor.

    (f) Survival.  The agreements in this Section 10.04 and the indemnity provisions of Section 10.02(e) shall survive the
        resignation of the Administrative Agent, the L/C Issuer and the Swing Line Lender, the replacement of any Lender, the termination of the Revolving Credit Facility and the repayment, satisfaction or discharge of all the other Obligations.

    
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               10.05     Payments
                    Set Aside.  To the extent that any payment by or on behalf of any Borrower is made to the Administrative Agent, the L/C Issuer or any Lender, or the Administrative Agent, the L/C Issuer or any Lender exercises its right of
                  setoff, and such payment or the proceeds of such setoff or any part thereof is subsequently invalidated, declared to be fraudulent or preferential, set aside or required (including pursuant to any settlement entered into by the
                  Administrative Agent, the L/C Issuer or such Lender in its discretion) to be repaid to a trustee, receiver or any other party, in connection with any proceeding under any Debtor Relief Law or otherwise, then (a) to the extent of permitted
                  by applicable Law, the obligation or part thereof originally intended to be satisfied shall be revived and continued in full force and effect as if such payment had not been made or such setoff had not occurred, and (b) each Lender and
                  the L/C Issuer severally agrees to pay to the Administrative Agent upon demand its applicable share (without duplication) of any amount so recovered from or repaid by the Administrative Agent, plus interest thereon from the date of such
                  demand to the date such payment is made at a rate per annum equal to the applicable Overnight Rate from time to time in effect, in the applicable currency of such recovery or payment.  The obligations of the Lenders and the L/C Issuer
                  under clause (b) of the preceding sentence shall survive the payment in full of the Obligations and the termination of this Agreement.

            

      

    
      	
               10.06

            	
               

            	
              Successors and Assigns.

            

        

    

    (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 no Borrower may assign or otherwise transfer any of its rights or obligations hereunder or
        under the other Loan Documents without the prior written consent of the Administrative Agent and each Lender 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 subsection (b) of this Section 10.06, (ii) to a Purchasing Borrower Party in accordance with the provisions of subsection (i) of this Section 10.06, (iii) by way of participation in accordance with the provisions of subsection (d) of this Section 10.06, or (iv) by way of pledge or assignment of a security interest subject to the restrictions of subsection (f) of this Section

            10.06 (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 subsection (d) of this Section 10.06 and, to the extent expressly
        contemplated hereby, the Related Parties of each of the Administrative Agent, the L/C Issuer and the Lenders) any legal or equitable right, remedy or claim under or by reason of this Agreement.

    (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 Commitment and the Loans (including for purposes of this subsection (b), participations in L/C Obligations and in Swing
        Line Loans) at the time owing to it); provided that 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 Commitment under any Facility and the Loans at
        the time owing to it under such Facility 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

    
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    (B) in any case not described in subsection (b)(i)(A) of this Section 10.06, the aggregate amount of the Commitment (which for this purpose includes Loans outstanding thereunder) or, if the 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, or $1,000,000, in the case of any assignment in respect of a Term 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,
        however, that concurrent assignments to members of an Assignee Group and concurrent assignments from members of an Assignee Group to a single Eligible
        Assignee (or to an Eligible Assignee and members of its Assignee Group) will be treated as a single assignment for purposes of determining whether such minimum amount has been met.

    (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 Loans or the Commitment assigned, except that this clause (ii) shall not (A) apply to
        the Swing Line Lender’s rights and obligations in respect of Swing Line Loans or (B) prohibit any Lender from assigning all or a portion of its rights and obligations among separate Facilities on a non-pro rata basis;

    (iii) Required Consents.  No consent shall
        be required for any assignment except to the extent required by subsection (b)(i)(B) of this Section 10.06 and, in addition:

    (A) the consent of the Company (such consent not to be unreasonably withheld or delayed) shall be required unless (1) an Event of Default
        pursuant to Section 8.01(a), 8.01(f) or 8.01(g) has occurred and is continuing at the time of such assignment or (2) such assignment is to a Lender, an Affiliate of a Lender 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 eight (8)
        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 (1) any Revolving Credit Commitment if such assignment is to a Person that is not a Lender, an Affiliate of such Lender or an Approved Fund with respect to such Lender or (2) any Term Loan to a Person that is not a Lender, an Affiliate
        of a Lender or an Approved Fund;

    (C) the consent of the L/C Issuer (such consent not to be unreasonably withheld or delayed) shall be required for any assignment that
        increases the obligation of the assignee to participate in exposure under one or more Letters of Credit (whether or not then outstanding); and

    (D) the consent of the Swing Line Lender (such consent not to be unreasonably withheld or delayed) shall be required for any assignment in
        respect of the Revolving Credit Facility.

    (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 in the amount of $3,500; provided, however, that 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.

    
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    (v) No Assignment.  No such assignment
        shall be made (i) to the Company or any of the Company’s Affiliates or Subsidiaries, except in accordance with Section 10.06(i), (ii) to 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 (ii), or (iii) to a natural person.

    (vi) Certain Additional Payments.  In
        connection with any assignment of rights and obligations of any Defaulting Lender that is a Revolving Credit 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 Company and the Administrative Agent, the applicable pro rata share of Loans previously requested but not funded by such Defaulting Lender, to each of
        which the applicable assignee and assignor hereby irrevocably consent), to (x) pay and satisfy in full all payment liabilities then owed by such Defaulting Lender to the Administrative Agent or any Lender hereunder (and interest accrued thereon)
        and (y) acquire (and fund as appropriate) its full pro rata share of all Loans and participations in Letters of Credit and Swing Line Loans in accordance with its Applicable 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.

       
      (vii)           No Assignment Resulting in Additional Indemnified Taxes or Other Taxes.  No such assignment shall be made to any Person that would result in the imposition of Indemnified Taxes or Other Taxes in excess of the Indemnified Taxes
      or Other Taxes that would be imposed in the absence of such assignment, except, so long as no Event of Default pursuant to Section 8.01(a), 8.01(f) or 8.01(g) has occurred and is continuing, to the extent that the Borrower consents to such assignment
      or the proposed assignee agrees in favor of the Company to treat such excess Indemnified Taxes and Other Taxes as Excluded Taxes.

     

    

       (viii)          Alternative Currencies.  Unless at the time of any assignment a
      Default or Event of Default shall be continuing, any assignee hereunder shall certify upon acceptance of the assignment that it will make available to the Borrowers all Alternative Currencies specified in this Agreement on the terms and conditions
      set forth herein.

     

    

       (ix)            Should any assignment by a Lender qualify as a novation under French
      law, the parties hereto agree, for the purposes of article 1278 of the French Code civil, that upon any transfer in accordance with this Section 10.06, the Collateral Documents executed with respect to any Loan Party organized under the laws of
      France and the security created thereby shall be preserved for the benefit of the new Lender.

    
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    Subject to acceptance and recording thereof by the Administrative Agent pursuant to
        subsection (c) of this Section 10.06, from and after the effective date specified in each Assignment and Assumption, if any, or the effective date of an
        assignment pursuant to Section 10.13(d), 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 3.01,
        3.04, 3.05, and 10.04 with respect to facts and circumstances occurring prior to the effective date of such assignment; 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. 
        Upon request, each Borrower (at its expense) shall execute and deliver a Note to the assignee Lender.  Any assignment or transfer by a Lender of rights or obligations under this Agreement that does not comply with this subsection 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 subsection (d) of this Section 10.06.

    (c) Register.  The Administrative Agent, acting solely for this
        purpose as an agent of the Borrowers (and such agency being solely for tax purposes), shall maintain at the Administrative Agent’s Office a copy of each Assignment and Assumption delivered to it (or the equivalent thereof in electronic form) and a
        register for the recordation of the names and addresses of the Lenders, and the Commitments of, and principal amounts (and stated interest) of the Loans and L/C Obligations 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 Borrowers, the Administrative Agent and the Lenders shall treat each
        Person whose name is recorded in the Register pursuant to the terms hereof as a Lender hereunder for all purposes of this Agreement, notwithstanding notice to the contrary.  In addition, the Administrative Agent shall maintain on the Register
        information regarding the designation, and revocation of designation, of any Lender as a Defaulting Lender.  The Register shall be available for inspection by the Borrowers and any 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, any Borrower or the Administrative Agent, sell participations to any Person (other than a natural person, a Defaulting Lender or the Company or any of the Company’s Affiliates or Subsidiaries) (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 Commitment and/or the Loans
        (including such Lender’s participations in L/C Obligations and/or Swing Line 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 Borrowers, the Administrative Agent, the Lenders and the L/C Issuer 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 10.04(c) without regard to the existence of any participation.

    
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    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, waiver or other modification described in the first proviso to Section 10.01 that is required to be approved by all Lenders or each affected Lender.  Subject to subsection (e) of this Section 10.06, each Borrower agrees that each Participant shall be entitled to the benefits of Sections
            3.01, 3.04 and 3.05 to the same extent as if it were a Lender and had acquired its interest by assignment pursuant to subsection (b) of this Section 10.06 (it being understood that the documentation required under Section 3.01(e) shall be delivered to
        the Lender who sells the participation); provided that such Participant (A) agrees to be subject to the provisions of Sections 3.06 and 10.13 as if it were an assignee under subsection (b) of this Section 10.06 and (B) shall not be entitled to receive any greater payment under Section

            3.01 or 3.04, 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.  Each Lender that sells a participation agrees, at the Company’s
        request and expense, to use reasonable efforts to cooperate with the Company to effectuate the provisions of Section 3.06 with respect to any Participant. 
        To the extent permitted by law, each Participant also shall be entitled to the benefits of Section 10.08 as though it were a Lender, provided such Participant agrees to be subject to Section 2.13 as though it were a Lender.  Each Lender that sells a participation shall, acting solely for this purpose as an agent of the Company, 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 Administrative Agent (in its capacity as Administrative Agent) shall have no responsibility for maintaining a Participant Register.

    (e) Limitations upon Participant Rights.  A Participant shall
        not be entitled to receive any greater payment under Section 3.01 or 3.04
        than the applicable Lender would have been entitled to receive with respect to the participation sold to such Participant, unless the sale of the participation to such Participant is made with the Company’s prior written consent.  A participant
        that would be a Foreign Lender if it were a Lender shall not be entitled to the benefits of Section 3.01 unless the Company is notified of the participation
        sold to such Participant and such Participant agrees, for the benefit of the Borrowers, to comply with Section 3.01(e) as though it were a Lender.

    (f) 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 (including under its Note(s), if any) to secure obligations of such Lender, including 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.

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

    
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    (h) Resignation as L/C Issuer or Swing Line Lender After Assignment. 
        Notwithstanding anything to the contrary contained herein, if at any time Bank of America assigns all of its Revolving Credit Commitment and Revolving Credit Loans pursuant to subsection (b) above, Bank of America may, (i) upon 30 days’ notice to
        the Company and the Lenders, resign as L/C Issuer and/or (ii) upon 30 days’ notice to the Company, resign as Swing Line Lender.  In the event of any such resignation as L/C Issuer or Swing Line Lender, the Company shall be entitled to appoint from
        among the Lenders a successor L/C Issuer or Swing Line Lender hereunder; provided, however, that no failure by the Company to appoint any such successor shall affect the resignation of Bank of America as L/C Issuer or Swing Line Lender, as the case may be.  If Bank of America resigns as L/C Issuer, it
        shall retain all the rights, powers, privileges and duties of the L/C Issuer hereunder with respect to all Letters of Credit outstanding as of the effective date of its resignation as L/C Issuer and all L/C Obligations with respect thereto
        (including the right to require the Lenders to make Base Rate Revolving Credit Loans or fund risk participations in Unreimbursed Amounts pursuant to Section 2.03(c)). 
        If Bank of America resigns as Swing Line Lender, it shall retain all the rights of the Swing Line Lender provided for hereunder with respect to Swing Line Loans made by it and outstanding as of the effective date of such resignation, including the
        right to require the Lenders to make Base Rate Revolving Credit Loans or fund risk participations in outstanding Swing Line Loans pursuant to Section 2.04(c). 
        Upon the appointment of a successor L/C Issuer and/or Swing Line Lender, (a) such successor shall succeed to and become vested with all of the rights, powers, privileges and duties of the retiring L/C Issuer or Swing Line Lender, as the case may
        be, and (b) the successor L/C Issuer 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 Bank of America to effectively assume the
        obligations of Bank of America with respect to such Letters of Credit.

    (i) Assignments to Purchasing Borrower Party.  Notwithstanding
        anything to the contrary contained in this Agreement, any Lender may assign all or a portion of its Term Loans to any Purchasing Borrower Party; provided
        that:

    (i) such assignment shall be made pursuant to (x) an open market purchase on a non-pro rata basis or (y) a Dutch Auction open to
        all applicable Lenders on a pro rata basis;

    (ii) any Term Loans assigned to any Purchasing Borrower Party shall be automatically and permanently cancelled upon the
        effectiveness of such assignment and will thereafter no longer be outstanding for any purpose hereunder;

    (iii) at the time of and immediately after giving effect to any such purchase, no Default or Event of Default shall exist;

    (iv) no purchase of any Term Loans shall be made from the proceeds of any Revolving Credit Loan or Swing Line Loan; and

    (v) the assignor will deliver to the Purchasing Borrower Party customary written assurance that it is a sophisticated investor and
        is willing to proceed with the assignment.

    
      	
               10.07     Treatment
                    of Certain Information; Confidentiality.  Each of the Administrative Agent, the Lenders and the L/C Issuer 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 partners, directors, officers, employees, agents, trustees, advisors and representatives (it being understood that the Persons to whom such disclosure is made will be informed of
                  the confidential nature of such Information and instructed to keep such Information confidential), (b) to the extent requested by any regulatory authority purporting to have jurisdiction over it (including any self-regulatory authority,
                  such as the National Association of Insurance Commissioners), (c) to the extent required by applicable laws or regulations or by any subpoena or similar legal process; provided that the Administrative Agent, such Lender or the L/C Issuer, as the case may be, shall, at the sole cost and expense of the Company, request confidential treatment of such confidential
                  information to the extent practicable and permitted by applicable law and the Administrative Agent, such Lender or the L/C Issuer, as the case may be, shall, to the extent permitted by applicable law, promptly inform the Company with
                  respect thereto so that the Company may seek appropriate protective relief to the extent permitted by applicable law; provided, further, that in the event such protective remedy or other remedy is not obtained, the Administrative Agent, such Lender or the L/C Issuer, as
                  the case may be, shall furnish only that portion of the confidential information that is legally required and shall disclose the confidential information in a manner reasonably designed to preserve its confidential nature and shall, at
                  the sole cost and expense of the Company, cooperate with the Company’s counsel to enable the Company to attempt to obtain a protective order or other reliable assurance that confidential treatment will be accorded to the Information, (d)
                  to any other party hereto, (e) in connection with the exercise of any remedies hereunder or under any other Loan Document or any action or proceeding relating to this Agreement or any other Loan Document or the enforcement of rights
                  hereunder or thereunder, (f) subject to an agreement containing provisions substantially the same as those of this Section 10.07, to (i)
                  any assignee of or Participant in, or any prospective assignee of or Participant in, any of its rights or obligations under this Agreement or any Eligible Assignee invited to be a Lender pursuant to Section 2.17 or (ii) any actual or prospective counterparty (or its advisors) to any swap or derivative transaction relating to a Borrower and its obligations, (g) on
                  a confidential basis to (i) any rating agency in connection with rating the Company or its Subsidiaries or the credit facilities provided hereunder or (ii) the CUSIP Service Bureau or any similar agency in connection with the issuance and
                  monitoring of CUSIP numbers of other market identifiers with respect to the credit facilities provided hereunder, (h) with the consent of the Company or (i) to the extent such Information (x) becomes publicly available other than as a
                  result of a breach of this Section 10.07 or (y) becomes available to the Administrative Agent, any Lender, the L/C Issuer or any of their
                  respective Affiliates on a nonconfidential basis from a source other than the Company, which source, to the actual knowledge of the Administrative Agent, such Lender or the L/C Issuer, as the case may be, is not prohibited from disclosing
                  such Information to such Person by a contractual, legal or fiduciary obligation to the Company, the Administrative Agent, any Lender or the L/C Issuer.

            

      

    For purposes of this Section 10.07, “Information” means all information received from the Company or any Subsidiary relating to the Company or any
        Subsidiary or any of their respective businesses, other than any such information that is available to the Administrative Agent, any Lender or the L/C Issuer on a nonconfidential basis prior to disclosure by the Company or any Subsidiary.  Any
        Person required to maintain the confidentiality of Information as provided in this Section 10.07 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.

    Each of the Administrative Agent, the Lenders and the L/C Issuer acknowledges that (a)
        the Information may include material non-public information concerning the Company or a Subsidiary, as the case may be, (b) it has developed compliance procedures regarding the use of material non-public information and (c) it will handle such
        material non-public information in accordance with applicable Law, including United States Federal and state securities Laws.

    
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               10.08     Right of
                    Setoff.  If an Event of Default shall have occurred and be continuing, each Lender, the L/C Issuer 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 set off 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, the
                  L/C Issuer or any such Affiliate to or for the credit or the account of any Borrower (excluding for the avoidance of doubt any Designated Regulatory Cash) against any and all of the obligations of such Borrower now or hereafter existing
                  under this Agreement or any other Loan Document to such Lender or the L/C Issuer, irrespective of whether or not such Lender or the L/C Issuer shall have made any demand under this Agreement or any other Loan Document and although such
                  obligations of such Borrower be contingent or unmatured or are owed to a branch or office of such Lender
                  or the L/C Issuer different from the branch or office holding such deposit or obligated on such indebtedness; provided that (i)(a) the
                  obligations of Foreign Subsidiaries that become Designated Borrowers and of the Specified Designated Borrower are several and not joint, and (b) no Lender shall exercise any rights under this Section 10.08 with respect to any assets of any Foreign Subsidiary other than with respect to the direct obligations of such Foreign Subsidiary to the Lenders, and (ii) in the
                  event that any Defaulting Lender shall exercise any such right of setoff, (x) all amounts so set off shall be paid over immediately to the Administrative Agent for further application in accordance with the provisions of Section 2.15 and, pending such payment, shall be segregated by such Defaulting Lender from its other funds and deemed held in trust for the
                  benefit of the Administrative Agent and the Lenders, and (y) the Defaulting Lender shall provide promptly to the Administrative Agent a statement describing in reasonable detail the Obligations owing to such Defaulting Lender as to which
                  it exercised such right of setoff.  The rights of each Lender, the L/C Issuer and their respective Affiliates under this Section 10.08 are
                  in addition to other rights and remedies (including other rights of setoff) that such Lender, the L/C Issuer or their respective Affiliates may have.  Each Lender and the L/C Issuer agrees to notify the Company 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.

            
	 
	 10.09     Interest Rate Limitation.  Notwithstanding anything to the contrary contained in any Loan Document, the interest paid or agreed to be paid under the Loan Documents shall not exceed the maximum rate of non-usurious
                interest permitted by applicable Law (the “Maximum Rate”).  If the Administrative Agent or any Lender shall receive interest in an amount
                that exceeds the Maximum Rate, the excess interest shall be applied to the principal of the Loans or, if it exceeds such unpaid principal, refunded to the Company.  In determining whether the interest contracted for, charged, or received by
                the Administrative Agent or a Lender exceeds the Maximum Rate, such Person may, to the extent permitted by applicable Law, (a) characterize any payment that is not principal as an expense, fee, or premium rather than interest, (b) exclude
                voluntary prepayments and the effects thereof, and (c) amortize, prorate, allocate, and spread in equal or unequal parts the total amount of interest throughout the contemplated term of the Obligations hereunder.
	 
	 10.10     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 constitute the entire contract among the parties relating to the subject matter hereof and supersede any and all previous agreements and
                understandings, oral or written, relating to the subject matter hereof.  Except as provided in Section 4.01, this Agreement shall become
                effective when it shall have been executed by the Administrative Agent and when the Administrative Agent shall have received counterparts hereof 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 telecopy or other electronic imaging means (e.g. “pdf” or “tif”) shall be effective as delivery of a manually executed counterpart of this Agreement.
	 
	 10.11     Survival of Representations and Warranties.  All representations and warranties made hereunder and in
                any other Loan Document or other document delivered pursuant hereto or thereto or in connection herewith or therewith shall survive the execution and delivery hereof and thereof.  Such representations and warranties have been or will be
                relied upon by the Administrative Agent and each Lender, regardless of any investigation made by the Administrative Agent or any Lender or on their behalf and notwithstanding that the Administrative Agent or any Lender may have had notice
                or knowledge of any Default at the time of any Credit Extension, and shall continue in full force and effect as long as any Loan or any other Obligation hereunder shall remain unpaid or unsatisfied or any Letter of Credit shall remain
                outstanding.

      

    

    

    

    
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               10.12    
                    Severability.  If any provision of this Agreement or the other Loan Documents is held to be illegal, invalid or unenforceable, (a) the legality, validity and enforceability of the remaining provisions of this Agreement and the
                  other Loan Documents shall not be affected or impaired thereby and (b) the parties shall endeavor in good faith negotiations to replace the illegal, invalid or unenforceable provisions with valid provisions the economic effect of which
                  comes as close as possible to that of the illegal, invalid or unenforceable provisions.  The invalidity of a provision in a particular jurisdiction shall not invalidate or render unenforceable such provision in any other jurisdiction. 
                  Without limiting the foregoing provisions of this Section 10.12, if and to the extent that the enforceability of any provisions in this
                  Agreement relating to Defaulting Lenders shall be limited by Debtor Relief Laws, as determined in good faith by the Administrative Agent, the L/C Issuer or the Swing Line Lender, as applicable, then such provisions shall be deemed to be
                  in effect only to the extent not so limited.

            
	 
	 10.13     Replacement of Lenders.  If (a) any Lender requests compensation under Section 3.04, (b) any Borrower is required
                to pay any additional amount to any Lender or any Governmental Authority for the account of any Lender pursuant to Section 3.01, (c) any
                Lender is a Defaulting Lender, (d) any Lender (a “Non-Consenting Lender”) refuses to consent to an amendment, modification or waiver of this
                Agreement that, pursuant to Section 10.01 requires consent of all Lenders or all affected Lenders and that has been approved by the Required
                Lenders or (e) because a Lender is not legally permitted to lend in the relevant jurisdiction, the Company is not permitted, under Section 2.14(f),
                to designate a Designated Borrower approved by the Required Revolving Credit Lenders and the Administrative Agent, then the Company 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
                    10.06 but subject to clause (d) below), 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 Company shall have paid (or caused a Designated Borrower to pay) to the Administrative Agent the assignment fee specified in Section 10.06(b);

    (b) such Lender shall have received payment of an amount equal to the outstanding principal of its Loans and L/C 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 2.05(c)
        and Section 3.05) from the assignee, or as set forth in clause (d) below, the Administrative Agent (to the extent of such outstanding principal and accrued
        interest and fees) or the Company or applicable Designated Borrower (in the case of all other amounts);

    (c) in the case of any such assignment resulting from a claim for compensation under Section 3.04 or payments required to be made pursuant to Section 3.01, such assignment will result in a reduction
        in such compensation or payments thereafter;

    (d) in the event such Lender is a Non-Consenting Lender, each assignee shall consent, at the time of such assignment, to each matter in
        respect of which such Lender was a Non-Consenting Lender and the Company also requires each other Lender that is a Non-Consenting Lender to assign its Loans and Commitments; provided that notwithstanding the provisions of Section 10.06, such Non-Consenting Lender shall not be required to comply with Section 10.06(b)(iv) and no Assignment and Assumption shall be required to effect such assignment and such assignment shall become effective as to any
        Non-Consenting Lender upon receipt by it (or the Administrative Agent who shall promptly distribute such amounts to the applicable Non-Consenting Lender) of the amounts set forth in clause (b) above for the account of such Non-Consenting Lender;
        and for the avoidance of doubt, notwithstanding the provisions of Section 10.06, no Assignment and Assumption shall be required in connection with any Third
        Amendment Assignments and such Third Amendment Assignments shall become effective as to any Non-Consenting Lender upon the receipt by the Administrative Agent (who shall promptly distribute the same to the applicable Non-Consenting Lender) of the
        amounts set forth in clause (b) above for the account of such Non-Consenting Lender; and

    
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            (e)           such assignment does not conflict with applicable Laws.

    A Lender shall not be required to make any such assignment or delegation if,
        reasonably promptly after its receipt or notice from the Company pursuant to this Section 10.13, as a result of a waiver by such Lender or otherwise, the
        circumstances entitling the Company to require such assignment and delegation cease to apply, or, in the case of clause (a) or (b) above, such Lender notifies the Company that the circumstances giving rise to such Lender’s request for compensation
        or additional amounts shall not be used by such Lender as a basis for future requests under Section 3.01 or 3.04.

    
      	 10.14 	
               

            	
              Governing Law; Jurisdiction; Etc.

            

        

        

    (a) GOVERNING LAW.  THIS AGREEMENT AND THE OTHER LOAN DOCUMENTS
        AND ANY CLAIMS, 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.  EACH 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, THE L/C ISSUER,
        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 SITTING IN NEW YORK COUNTY AND ANY APPELLATE COURT FROM ANY THEREOF, IN ANY ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT, OR FOR
        RECOGNITION OR ENFORCEMENT OF ANY JUDGMENT, AND EACH OF THE PARTIES HERETO IRREVOCABLY AND UNCONDITIONALLY AGREES THAT ALL CLAIMS IN RESPECT OF ANY SUCH ACTION OR PROCEEDING SHALL 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 OR THE L/C ISSUER MAY OTHERWISE HAVE TO BRING ANY ACTION OR PROCEEDING
        RELATING TO THIS AGREEMENT OR ANY OTHER LOAN DOCUMENT AGAINST THE COMPANY OR ANY OTHER BORROWER OR ITS PROPERTIES IN THE COURTS OF ANY JURISDICTION.

    
      - 162 -

      
        

    

    (c) WAIVER OF VENUE.  THE COMPANY AND EACH OTHER 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 10.14.  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 10.02.  NOTHING IN THIS AGREEMENT WILL AFFECT THE RIGHT OF ANY PARTY HERETO TO SERVE
        PROCESS IN ANY OTHER MANNER PERMITTED BY APPLICABLE LAW.

    
      	
               10.15     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 10.15.

            
	 
	 10.16     No Advisory or Fiduciary Responsibility.  In connection with all aspects of each transaction contemplated hereby (including in connection with any amendment, waiver or other modification hereof or of any other Loan
                Document), each Borrower acknowledges and agrees, and acknowledges its Affiliates’ understanding, that:  (i) (A) the arranging and other services regarding this Agreement provided by the Administrative Agent and the Joint Lead Arrangers,
                are arm’s-length commercial transactions between such Borrower and its Affiliates, on the one hand, and the Administrative Agent and the Joint Lead Arrangers, on the other hand, (B) such Borrower  has consulted its own legal, accounting,
                regulatory and tax advisors to the extent it has deemed appropriate, and (C) such Borrower is capable of evaluating, and understands and accepts, the terms, risks and conditions of the transactions contemplated hereby and by the other Loan
                Documents; (ii) (A) the Administrative Agent and the Joint Lead Arrangers, are and have been acting solely as a principal and, except as expressly agreed in writing by the relevant parties, has not been, is not, and will not be acting as an
                advisor, agent or fiduciary for such Borrower or any of its Affiliates, or any other Person and (B) neither the Administrative Agent nor the Joint Lead Arrangers have any obligation to such Borrower or any of its Affiliates with respect to
                the transactions contemplated hereby except those obligations expressly set forth herein and in the other Loan Documents; and (iii) the Administrative Agent and the Joint Lead Arrangers and their respective Affiliates may be engaged in a
                broad range of transactions that involve interests that differ from those of such Borrower and its Affiliates, and neither the Administrative Agent nor the Joint Lead Arrangers have any obligation to disclose any of such interests to such
                Borrower or its  Affiliates.  To the fullest extent permitted by law, each of the Borrowers hereby waives and releases any claims that it may have against the Administrative Agent and the Joint Lead Arrangers with respect to any breach or
                alleged breach of agency or fiduciary duty in connection with any aspect of any transaction contemplated hereby.

      

    

    
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               10.17     Electronic
                    Execution of Assignments and Certain Other Documents.  The words “execution,” “signed,” “signature,” and words of like import in any Loan Document or any other document executed in connection herewith shall be deemed to include
                  electronic signatures, the electronic matching of assignment terms and contract formations on electronic platforms approved by the Administrative Agent, or the keeping of records in electronic form, each of which shall be of the same
                  legal effect, validity or enforceability as a manually executed signature, physical delivery thereof or the use of a paper-based recordkeeping system, as the case may be, to the extent and as provided for in any applicable law, including
                  the Federal Electronic Signatures in Global and National Commerce Act, the New York State Electronic Signatures and Records Act, or any other similar state laws based on the Uniform Electronic Transactions Act; provided that notwithstanding anything contained herein to the contrary neither the Administrative Agent, the L/C Issuer nor any Lender is under any obligation
                  to agree to accept electronic signatures in any form or in any format unless expressly agreed to by the Administrative Agent, the L/C Issuer or such Lender pursuant to procedures approved by it; provided, further, that without limiting the foregoing, upon the request of any
                  party, any electronic signature shall be promptly followed by such manually executed counterpart.

            
	 
	 10.18     USA PATRIOT Act.  Each Lender that is subject to the Act (as hereinafter defined) and the Administrative Agent (for itself and not on behalf of any Lender) hereby notifies the Borrowers that pursuant to the
                requirements of the USA PATRIOT Act, it is required to obtain, verify and record information that identifies the Borrowers, which information includes the name and address of each Borrower and other information that will allow such Lender
                or the Administrative Agent, as applicable, to identify such Borrower in accordance with the USA PATRIOT Act.  Each Borrower shall, promptly following a request by the Administrative Agent or any Lender, provide all documentation and other
                information that the Administrative Agent or such Lender requests in order to comply with its ongoing obligations under applicable “know your customer” and anti-money laundering rules and regulations, including the USA PATRIOT Act.
	 
	 10.19     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 each 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 any Borrower in the Agreement Currency, such 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 such Borrower (or to any other Person who may be entitled thereto under applicable law).

      

    

    

    
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               10.20     CAM Agreement.  Concurrently with any Lender becoming a party hereto, such Lender shall execute documentation reasonably satisfactory
                  to the Administrative Agent to become party to the CAM Agreement.

            
	 
	 10.21     Certain Representations and Confirmations.

      

    

    (a) Representation by Lenders.  Each Lender party to this
        Agreement on the Closing Date represents and warrants that on the date hereof it is carrying on the business of providing finance, or investing or dealing in securities, in the course of operating in financial markets.

    (b) Borrower Confirmation.  The Company and the Specified
        Designated Borrower (being at all relevant times members of the same wholly owned group) confirm that:

    (i) before this Agreement (described as being a “Syndicated Loan Facility”) was entered into, invitations for participation in the
        syndicated loan facility were made to at least 10 offerees (the “offerees”), each of whom, as at the date the relevant invitation was made, the Company’s relevant officers involved in the transaction on a day to day basis believed carried on the
        business of providing finance or investing or dealing in securities in the course of operating in financial markets, for the purposes of s128F(3A)(a)(i) of the Income Tax Assessment Act of 1936 (Commonwealth of Australia); and

    (ii) none of the offerees whose names were disclosed to the Company or the Specified Designated Borrower by MLPFS before the date of
        this Agreement were known or suspected by the Company or the Specified Designated Borrower to be an Offshore Associate of either of them or an “Associate” (within the meaning of the Income Tax Assessment Act of 1936 (Commonwealth of Australia)) of any other such offeree.

    
      	
               10.22     [Reserved].

            
	 
	 10.23     Parallel Debt.

      

    

    (a) Each Foreign Loan Party organized under the Laws of Belgium, Germany or the Netherlands, or any other applicable jurisdiction (each, a “Specified Foreign Loan Party”) hereby irrevocably and unconditionally undertakes to pay to the Administrative Agent as creditor in its own right and not as a
        representative of the Secured Parties (by way of an abstract acknowledgment of debt (abstraktes Schuldanerkenntnis, where applicable)) amounts
        equal to any amounts owing from time to time by that Specified Foreign Loan Party to each of the Secured Parties under each of the Loan Documents as and when those amounts are due for payment under the relevant Loan Document.

    (b) Each Specified Foreign Loan Party and the Administrative Agent acknowledges that the obligations of each Specified Foreign Loan Party under paragraph
        (a) above are several and are separate and independent from, and shall not in any way limit or affect, the corresponding obligations of that Specified Foreign Loan Party to any Secured Party under any Loan Document (its “Corresponding Debt”) nor shall the amounts for which each Specified Foreign Loan Party is liable under paragraph (a) above (its “Parallel Debt”) be limited or affected in any way by its Corresponding Debt; provided that:

    (i) the Parallel Debt of each of the Specified Foreign Loan Parties will be payable in the currency or currencies of its
        Corresponding Debt and will become due and payable as and when and to the extent one or more of its Corresponding Debt become due and payable;

    
      - 165 -

      
        

    

    (ii) each Parallel Debt constitutes an undertaking, obligation and liability to the Administrative Agent which is separate and
        independent from, and without prejudice to, the Corresponding Debt of the relevant Specified Foreign Loan Party;

    (iii) each Parallel Debt represents the Administrative Agent’s own separate and independent claim to receive payment of the Parallel
        Debt from the relevant Specified Foreign Loan Party;

    (iv) the Administrative Agent shall not demand payment with regard to the Parallel Debt of each Specified Foreign Loan Party to the
        extent that such Loan Party’s Corresponding Debt has been irrevocably paid or (in the case of guarantee obligations) discharged;

    (v) a Secured Party shall not demand payment with regard to the Corresponding Debt of each Specified Foreign Loan Party to the
        extent that such Specified Foreign Loan Party’s Parallel Debt has been irrevocably paid or (in the case of guarantee obligations) discharged; and

    (vi) with respect to any Specified Foreign Loan Party organized under the Laws of Netherlands, an Event of Default in respect of the
        Corresponding Debt shall constitute a default (verzuim) within the meaning of section 3:248 of the Dutch Civil Code with respect to the Parallel Debt without any notice being required.

    (c) The Administrative Agent acts in its own name and not as a trustee, and its claims in respect of the Parallel Debt shall not be held on trust.  The
        security granted under the Collateral Documents to the Administrative Agent to secure the Parallel Debt is granted to the Administrative Agent in its capacity as creditor of the Parallel Debt.

    (d) All monies received or recovered by the Administrative Agent pursuant to this Section 10.23, and all amounts received or recovered by the Administrative Agent from or by the enforcement of any security granted to secure the Parallel Debt, shall be applied in accordance with this Agreement; provided
        that upon irrevocable receipt by the Administrative Agent of any amount in payment of a Parallel Debt (a “Received Amount”), the Corresponding Debt of the
        relevant Specified Foreign Loan Party towards the Administrative Agent and the Lenders shall be reduced, if necessary pro rata in respect of the
        Administrative Agent and each Lender individually, by amounts totaling an amount (a “Deductible Amount”) equal to the Received Amount in the manner as if the
        Deductible Amount were received by the Administrative Agent and the Lenders as a payment of the Corresponding Debt owed by the relevant Specified Foreign Loan Party on the date of receipt by the Administrative Agent of the Received Amount.

    (e) Without limiting or affecting the Administrative Agent’s rights against the Specified Foreign Loan Parties (whether under this Section 10.23 or under any other provision of the Loan Documents), each Foreign Loan Party acknowledges that:

    (i) nothing in this Section 10.23 shall
        impose any obligation on the Administrative Agent to advance any sum to any Loan Party or otherwise under any Loan Document, except in its capacity as a Lender; and

    (ii) for the purpose of any vote taken under any Loan Document, the Administrative Agent shall not be regarded as having any
        participation or commitment other than those which it has in its capacity as a Lender.

    
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               10.24     Additional
                    Appointment.  For the purposes of any Foreign Subsidiary Pledge Documents governed by Italian law, each of the Lenders and the L/C Issuer hereby irrevocably appoints Bank of America to act, on its name and its behalf, as procuratore con rappresentanza pursuant to Article 1387 and following of the Italian civil code 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
                  Administrative Agent, in acting as such, will be entitled to the benefits of Article IX hereto in all respects.

            
	 
	 10.25     Appointment of Company.  Each of the Loan Parties that is a party hereto hereby appoints the Company to act as its agent for all purposes of this Agreement, the other Loan Documents and all other documents and
                electronic platforms entered into in connection herewith and agrees that (a) the Company may execute such documents and provide such authorizations on behalf of such Loan Parties as the Company deems appropriate in its sole discretion and
                each Loan Party shall be obligated by all of the terms of any such document and/or authorization executed on its behalf, (b) any notice or communication delivered by the Administrative Agent, L/C Issuer or a Lender to the Company shall be
                deemed delivered to each Loan Party and (c) the Administrative Agent, L/C Issuer or the Lenders may accept, and be permitted to rely on, any document, authorization, instrument or agreement executed by the Company on behalf of each of the
                Loan Parties.
	 
	 10.26     Acknowledgement and Consent to Bail-In of EEA Financial Institutions.  Notwithstanding anything to the contrary in any Loan Document or in any other agreement, arrangement or understanding among any such parties,
                each party hereto acknowledges that any liability of any Lender that is an EEA Financial Institution arising under any Loan Document, to the extent such liability is unsecured, may be subject to the write-down and conversion powers of an
                EEA Resolution Authority and agrees and consents to, and acknowledges and agrees to be bound by:

      

    

    

    (a) the application of any Write-Down and Conversion Powers by an EEA Resolution Authority to any such liabilities arising hereunder which may be payable
        to it by any Lender that is an EEA Financial Institution; and:

    (b) the effects of any Bail-in Action on any such liability, including, if applicable:

    (i) a reduction in full or in part or cancellation of any such liability;

    (ii) a conversion of all, or a portion of, such liability into shares or other instruments of ownership in such EEA Financial
        Institution, its parent undertaking, or a bridge institution that may be issued to it or otherwise conferred on it, and that such shares or other instruments of ownership will be accepted by it in lieu of any rights with respect to any such
        liability under this Agreement or any other Loan Document; or

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

             10.27       ERISA.

     

    

    (a) Each Lender (x) represents and warrants, as of the date such Person became a Lender party hereto, to, and (y) covenants, from the date such Person
        became a Lender party hereto to the date such Person ceases being a Lender party hereto, for the benefit of, the Administrative Agent and its
            Affiliates, and not, for the avoidance of doubt, to or for the benefit of the Company or any other Loan Party, that at least one of the following is and will be true:

    
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    (i) such Lender is not using “plan assets” (within the meaning of 29 CFR § 2510.3-101, as modified by Section 3(42) of ERISA or otherwise) of one or more Benefit Plans in connection 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 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 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 sucha Lender or such(2) a Lender has not provided another representation, warranty and covenant as

            provided in accordance with sub-clause (iv) in the immediately
        preceding clause (a), such Lender further (x) represents and warrants, as of the date such Person became a Lender party hereto, to, and (y) covenants, from the date such Person became a Lender party hereto to the date such Person ceases being a
        Lender party hereto, for the benefit of, the Administrative Agent and its Affiliates, and not, for the avoidance of doubt, to or
        for the benefit of the Company or any other Loan Party, that: the Administrative Agent is not a fiduciary with respect to the assets of such Lender involved in such Lender’s entrance into, participation in, administration of
            and performance of the Loans, the 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).

    (i) none of the Administrative Agent or any of its Affiliates is a fiduciary with respect to the assets of such Lender (including in connection with the reservation or exercise of any rights by the
            Administrative Agent under this Agreement, any Loan Document or any documents related hereto or thereto),

    (ii) the Person making the investment decision on behalf of such Lender with respect to the entrance into, participation in, administration of and performance of the Loans, the Letters of Credit, the
            Commitments and this Agreement is independent (within the meaning of 29 CFR § 2510.3-21) and is a bank, an insurance carrier, an investment adviser, a broker-dealer or other person that holds, or has under management or control, total assets of
            at least $50,000,000, in each case as described in 29 CFR § 2510.3-21(c)(1)(i)(A)-(E),

    
      - 168 -

      
        

    

    (iii)  the Person making the investment decision on behalf of such Lender with respect to the entrance into, participation in, administration of and performance of the Loans, the Letters of Credit, the
            Commitments and this Agreement is capable of evaluating investment risks independently, both in general and with regard to particular transactions and investment strategies (including in respect of the Obligations),

    (iv) the Person making the investment decision on behalf of the such Lender with respect to the entrance into, participation in, administration of and performance of the Loans, the Letters of Credit, the
            Commitments and this Agreement is a fiduciary under ERISA or the Code, or both, with respect to the Loans, the Letters of Credit, the Commitments and this Agreement and is responsible for exercising independent judgment in evaluating the
            transactions hereunder, and

    (v) no fee or other compensation is being paid directly to the Administrative Agent or any of its Affiliates for investment advice (as opposed to other services) in connection with the Loans, the Letters of
            Credit, the Commitments or this Agreement.

    (c) The

            Administrative Agent hereby informs each Lender that it is not undertaking to provide impartial investment advice, or to give advice in a fiduciary capacity, in connection with the transactions contemplated hereby, and that it has a financial
            interest in the transactions contemplated hereby in that it or an Affiliate thereof (i) may receive interest or other payments with respect to the Loans, the Letters of Credit, the Commitments and this Agreement, (ii) may recognize a gain if it
            extended the Loans, the Letters of Credit or the Commitments for an amount less than the amount being paid for an interest in the Loans, the Letters of Credit or the Commitments by such Lender or (iii) may receive fees or other payments in
            connection with the transactions contemplated hereby, the Loan Documents or otherwise, including structuring fees, commitment fees, arrangement fees, facility fees, upfront fees, underwriting fees, ticking fees, agency fees, administrative
            agent or collateral agent fees, utilization fees, minimum usage fees, letter of credit fees, fronting fees, deal-away or alternate transaction fees, amendment fees, processing fees, term out premiums, banker’s acceptance fees, breakage or other
            early termination fees or fees similar to the foregoing.

     [Signature Pages
          Intentionally Omitted]

     

      

    

  

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