Document:

Document

Exhibit 10.3

FIRST AMENDMENT dated as of June 30, 2022 (this “Amendment”), to the CREDIT AGREEMENT dated as of June 18, 2021 (the “Existing Credit Agreement” and as amended by this Amendment, the “Amended Credit Agreement”), among TRANE TECHNOLOGIES HOLDCO INC., a Delaware corporation (“Trane Holdco”), TRANE TECHNOLOGIES GLOBAL HOLDING COMPANY LIMITED, a Delaware corporation (“Trane Global”), TRANE TECHNOLOGIES FINANCING LIMITED, an Irish private company limited by shares with registered number 624886 and registered office at 170/175 Lakeview Drive, Airside Business Parks, Sword, Co. Dublin, Ireland, K67 EW96 (“Trane Ireland” and, together with Trane Holdco and Trane Global, the “Borrowers” and each individually, a “Borrower”), TRANE TECHNOLOGIES PLC, an Irish company (“Trane Parent”), as a Guarantor, the other Guarantors from time to time party thereto, the BANKS party thereto and JPMORGAN CHASE BANK, N.A., as Administrative Agent (in such capacity, the “Administrative Agent”).  Capitalized terms used in this Amendment but not otherwise defined shall have the meanings assigned to such terms in the Existing Credit Agreement.
WHEREAS pursuant to the Existing Credit Agreement, the Banks have agreed to extend credit to the Borrowers on the terms and subject to the conditions set forth therein;
WHEREAS Trane Parent and the Borrowers have requested that certain provisions of the Existing Credit Agreement be amended as set forth herein; and
WHEREAS the undersigned Banks are willing to amend such provisions of the Existing Credit Agreement on the terms and subject to the conditions set forth herein.
NOW, THEREFORE, in consideration of the mutual agreements herein contained and other good and valuable consideration, the sufficiency and receipt of which are hereby acknowledged, and subject to the conditions set forth herein, the parties hereto hereby agree as follows:
SECTION 1.  Amendments.  Effective as of the Amendment Effective Date, the Existing Credit Agreement (excluding the schedules and exhibits thereto, each of which shall remain as in effect immediately prior to the Amendment Effective Date, except for Exhibits B, C, D and G to the Existing Credit Agreement, which shall be amended as indicated in Exhibit A hereto) is hereby amended to reflect the changes set forth in Exhibit A hereto (with text in bold underline reflecting additions to the Existing Credit Agreement and stricken text reflecting deletions to the Existing Credit Agreement).
SECTION 2.  Representations and Warranties.  Each of Trane Parent and the Borrowers represents and warrants to the Administrative Agent and to each of the Banks that: 
(a)  this Amendment has been duly authorized by all necessary organizational action, executed and delivered by Trane Parent or such Borrower, and each of this Amendment and the Amended Credit Agreement constitutes a valid and 

[[5803575]]

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binding agreement of Trane Parent or such Borrower, enforceable against Trane Parent or such Borrower in accordance with its terms, subject to the effects of bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium and other similar laws relating to or affecting creditors’ rights generally, general equitable principles (whether considered in a proceeding in equity or at law) and an implied covenant of good faith and fair dealing.
(b)  the representations and warranties of each Loan Party set forth in the Amended Credit Agreement are true in all material respects (or, in the case of representations and warranties qualified as to materiality, in all respects) on and as of the date hereof; and
(c)  at the time of and immediately after giving effect to this Amendment, no Default shall have occurred and be continuing.
SECTION 3Effectiveness.  This Amendment shall become effective as of the date first above written on which the following are satisfied or waived (the “Amendment Effective Date”):
(a)   the Administrative Agent shall have received counterparts of this Amendment that, when taken together, bear the signatures of Trane Parent, each of the Borrowers, each Bank and Issuing Bank currently party to the Existing Credit Agreement and the Administrative Agent; and
(b)  the Administrative Agent shall have received all expenses payable to the Administrative Agent on or prior to the Amendment Effective Date, including reimbursement or payment of all reasonable out-of-pocket expenses (including the expenses of counsel) required to be reimbursed or paid by the Borrowers under the Existing Credit Agreement or this Amendment, in each case, to the extent invoiced at least two Business Days prior to the Amendment Effective Date.  
SECTION 4Effects of Amendment.  (a) Except as expressly set forth herein, this Amendment shall not alter, modify, amend or in any way affect any of the terms, conditions, obligations, covenants or agreements contained in the Existing Credit Agreement or any other provision of the Existing Credit Agreement or of any other Loan Document, all of which shall continue to be in full force and effect and are hereby in all respects ratified and confirmed.
(b)  The execution, delivery and effectiveness of this Amendment shall not operate as a waiver of any right, power or remedy of any Bank, any Issuing Bank 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 Banks, the Issuing Banks or the Administrative Agent under the Loan Documents, except as expressly provided herein.  Nothing herein shall be deemed to entitle any of Trane Parent or the Borrowers to a consent to, or a waiver, amendment, modification or other change of, any of the terms, conditions, obligations, covenants or agreements contained in the Existing Credit Agreement or any other Loan Document in similar or different circumstances.
(c)  On and after the Amendment Effective Date, each reference in the Existing Credit Agreement to “this Agreement”, “hereunder”, “hereof”, “herein” or words of like import, and each reference to the “Credit Agreement”, “thereunder”, 

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“thereof”, “therein” or words of like import in any other Loan Document, shall be deemed a reference to the Existing Credit Agreement as amended hereby.
(d)  This Amendment shall constitute a “Loan Document” for all purposes of the Existing Credit Agreement and the other Loan Documents.
(e)  This Amendment shall not extinguish the obligations for the payment of money outstanding under the Existing Credit Agreement or discharge or release the Lien or priority of any Loan Document or any other security therefor or any guarantee thereof.  Nothing herein contained shall be construed as a substitution or novation of the Obligations outstanding under the Existing Credit Agreement or any other Loan Document, all of which shall remain in full force and effect, except as modified hereby.  Nothing expressed or implied in this Amendment or any other document contemplated hereby shall be construed as a release or other discharge of Trane Parent or any Borrower under any Loan Document from any of its obligations and liabilities thereunder.
SECTION 5.  Counterparts; Electronic Execution.  This Amendment may be executed in one or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument.  Delivery of an executed counterpart of a signature page of this Amendment that is an Electronic Signature transmitted by telecopy, emailed pdf. or any other electronic means that reproduces an image of an actual executed signature page shall be effective as delivery of a manually executed counterpart of this Amendment.  The words “execution,” “signed,” “signature,” “delivery,” and words of like import in or relating to this Amendment shall be deemed to include Electronic Signatures, deliveries or the keeping of records in any electronic form (including deliveries by telecopy, emailed pdf. or any other electronic means that reproduces an image of an actual executed signature page), 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; provided that (a) the Administrative Agent and each of the Banks shall be entitled to rely on such Electronic Signature purportedly given by or on behalf of each of Trane Parent and the Borrowers without further verification thereof and without any obligation to review the appearance or form of any such Electronic signature and (b) upon the request of the Administrative Agent or any Bank, any Electronic Signature shall be promptly followed by a manually executed counterpart.  Without limiting the generality of the foregoing, each of Trane Parent and the Borrowers party hereto hereby (i) agrees that for all purposes, including in connection with any workout, restructuring, enforcement of remedies, bankruptcy proceedings or litigation among the Administrative Agent, Banks and the Borrowers, Electronic Signatures transmitted by telecopy, emailed pdf. or any other electronic means that reproduces an image of an actual executed signature page and/or any electronic images of this Amendment shall have the same legal effect, validity and enforceability as any paper original, (ii) agrees that the Administrative Agent and each of the Banks may, at its option, create one or more copies of this Amendment in the form of an imaged electronic record in any format, which shall be deemed created in the ordinary course of such Person’s business, and destroy the original paper document (and all such electronic records shall be considered an original for all purposes and shall have the same legal effect, validity and enforceability as a paper record), (iii) waives any argument, defense or right to contest the legal effect, validity or enforceability of this Amendment based solely on the lack of paper original copies of this Amendment, including with respect to any signature pages thereto and (iv) waives any claim against any Lender-Related Person for any Liabilities arising solely from the Administrative Agent’s and/or any Bank’s reliance on or use of Electronic Signatures 

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and/or transmissions by telecopy, emailed pdf. or any other electronic means that reproduces an image of an actual executed signature page, including any Liabilities arising as a result of the failure of Trane Parent or any Borrower to use any available security measures in connection with the execution, delivery or transmission of any Electronic Signature. 
SECTION 6.  Headings.  Section headings used herein are for convenience of reference only, are not part of this Amendment and shall not affect the construction of, or be taken into consideration in interpreting, this Amendment.

SECTION 7.  Incorporation by Reference.    The provisions of Sections 9.8 and 9.13 of the Existing Credit Agreement are hereby incorporated by reference as if set forth in full herein, mutatis mutandis. 

[Signature Pages Follow]

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

TRANE TECHNOLOGIES PLC 

	BY
		/s/ Richard E. Daudelin
		Name: Richard E. Daudelin
		Title:    Vice President and Treasurer

	

TRANE TECHNOLOGIES HOLDCO INC. 

	By
		/s/ Scott R. Williams
		Name: Scott R. Williams
		Title:    Assistant Treasurer 

						
	TRANE TECHNOLOGIES GLOBAL HOLDING COMPANY LIMITED
	By
		/s/ Scott R. Williams
		Name: Scott R. Williams
		Title:    Assistant Treasurer

						
	TRANE TECHNOLOGIES FINANCING LIMITED
	By
		/s/ Roderick Ross
		Name: Roderick Ross
		Title:    Assistant Tax Director / EMEA / APAC

[Signature Page to First Amendment]

						
	JPMORGAN CHASE BANK, N.A., as Administrative Agent and as a Bank
	By
		/s/ Jonathan Bennett
		Name: Jonathan Bennett
		Title:    Executive Director

[Signature Page to First Amendment]

						
	BANK SIGNATURE PAGE TO THE FIRST AMENDMENT TO THE CREDIT AGREEMENT DATED AS OF JUNE 18, 2021 OF TRANE TECHNOLOGIES HOLDCO INC., TRANE TECHNOLOGIES GLOBAL HOLDING COMPANY LIMITED AND TRANE TECHNOLOGIES FINANCING LIMITED
	Bank of America, N.A.
As a Bank and an Issuing Bank
	By
		/s/ Jason Yakabu
		Name: Jason Yakabu
		Title:    Director

[Signature Page to First Amendment]

						
	BANK SIGNATURE PAGE TO THE FIRST AMENDMENT TO THE CREDIT AGREEMENT DATED AS OF JUNE 18, 2021 OF TRANE TECHNOLOGIES HOLDCO INC., TRANE TECHNOLOGIES GLOBAL HOLDING COMPANY LIMITED AND TRANE TECHNOLOGIES FINANCING LIMITED
	BNP Paribas
As a Bank and, if applicable, an Issuing Bank
	By
		/s/ Kirk Hoffman
		Name: Kirk Hoffman
		Title:    Managing Director

For institutions requiring a second signature:

						
	By
		/s/ Tony Baratta
		Name: Tony Baratta
		Title:    Managing Director

[Signature Page to First Amendment]

						
	BANK SIGNATURE PAGE TO THE FIRST AMENDMENT TO THE CREDIT AGREEMENT DATED AS OF JUNE 18, 2021 OF TRANE TECHNOLOGIES HOLDCO INC., TRANE TECHNOLOGIES GLOBAL HOLDING COMPANY LIMITED AND TRANE TECHNOLOGIES FINANCING LIMITED
	Citibank, N.A. 
As a Bank and, if applicable, an Issuing Bank
	By
		/s/ Brian Reed
		Name: Brian Reed
		Title:    Vice President

[Signature Page to First Amendment]

						
	BANK SIGNATURE PAGE TO THE FIRST AMENDMENT TO THE CREDIT AGREEMENT DATED AS OF JUNE 18, 2021 OF TRANE TECHNOLOGIES HOLDCO INC., TRANE TECHNOLOGIES GLOBAL HOLDING COMPANY LIMITED AND TRANE TECHNOLOGIES FINANCING LIMITED
	DEUTSCHE BANK AG NEW YORK BRANCH
As a Bank and, if applicable, an Issuing Bank
	By
		/s/ Ming K. Chu
		Name: Ming K. Chu
		Title:    Director

For institutions requiring a second signature:

						
	By
		/s/ Douglas Darman
		Name: Douglas Darman
		Title:    Director

[Signature Page to First Amendment]

						
	BANK SIGNATURE PAGE TO THE FIRST AMENDMENT TO THE CREDIT AGREEMENT DATED AS OF JUNE 18, 2021 OF TRANE TECHNOLOGIES HOLDCO INC., TRANE TECHNOLOGIES GLOBAL HOLDING COMPANY LIMITED AND TRANE TECHNOLOGIES FINANCING LIMITED
	Goldman Sachs Bank USA
As a Bank 
	By
		/s/ Dan Martis 
		Name: Dan Martis
		Title:    Authorized Signatory

[Signature Page to First Amendment]

						
	BANK SIGNATURE PAGE TO THE FIRST AMENDMENT TO THE CREDIT AGREEMENT DATED AS OF JUNE 18, 2021 OF TRANE TECHNOLOGIES HOLDCO INC., TRANE TECHNOLOGIES GLOBAL HOLDING COMPANY LIMITED AND TRANE TECHNOLOGIES FINANCING LIMITED
	Mizuho Bank, Ltd.
As a Bank and, if applicable, an Issuing Bank
	By
		/s/ Donna DeMagistris
		Name: Donna DeMagistris
		Title:    Executive Director

[Signature Page to First Amendment]

						
	BANK SIGNATURE PAGE TO THE FIRST AMENDMENT TO THE CREDIT AGREEMENT DATED AS OF JUNE 18, 2021 OF TRANE TECHNOLOGIES HOLDCO INC., TRANE TECHNOLOGIES GLOBAL HOLDING COMPANY LIMITED AND TRANE TECHNOLOGIES FINANCING LIMITED
	MUFG Bank, Ltd.
As a Bank and, if applicable, an Issuing Bank
	By
		/s/ Jorge Georgalos
		Name: Jorge Georgalos
		Title:    Director

[Signature Page to First Amendment]

						
	BANK SIGNATURE PAGE TO THE FIRST AMENDMENT TO THE CREDIT AGREEMENT DATED AS OF JUNE 18, 2021 OF TRANE TECHNOLOGIES HOLDCO INC., TRANE TECHNOLOGIES GLOBAL HOLDING COMPANY LIMITED AND TRANE TECHNOLOGIES FINANCING LIMITED
	STANDARD CHARTERED BANK,
As a Bank and, if applicable, an Issuing Bank
	By
		/s/ Kristopher Tracy
		Name: Kristopher Tracy
		Title:    Director, Financing Solutions

[Signature Page to First Amendment]

						
	BANK SIGNATURE PAGE TO THE FIRST AMENDMENT TO THE CREDIT AGREEMENT DATED AS OF JUNE 18, 2021 OF TRANE TECHNOLOGIES HOLDCO INC., TRANE TECHNOLOGIES GLOBAL HOLDING COMPANY LIMITED AND TRANE TECHNOLOGIES FINANCING LIMITED
	The Toronto-Dominion Bank, New York Branch
As a Bank and, if applicable, an Issuing Bank
	By
		/s/ Tyrone Nicholson
		Name: Tyrone Nicholson
		Title:    Authorized Signatory

[Signature Page to First Amendment]

						
	BANK SIGNATURE PAGE TO THE FIRST AMENDMENT TO THE CREDIT AGREEMENT DATED AS OF JUNE 18, 2021 OF TRANE TECHNOLOGIES HOLDCO INC., TRANE TECHNOLOGIES GLOBAL HOLDING COMPANY LIMITED AND TRANE TECHNOLOGIES FINANCING LIMITED
	The Bank of Nova Scotia
As a Bank 
	By
		/s/ Kevin McCarthy
		Name: Kevin McCarthy
		Title:    Director

[Signature Page to First Amendment]

						
	BANK SIGNATURE PAGE TO THE FIRST AMENDMENT TO THE CREDIT AGREEMENT DATED AS OF JUNE 18, 2021 OF TRANE TECHNOLOGIES HOLDCO INC., TRANE TECHNOLOGIES GLOBAL HOLDING COMPANY LIMITED AND TRANE TECHNOLOGIES FINANCING LIMITED
	U.S. Bank National Association
As a Bank 
	By
		/s/ Jason Hall
		Name: Jason Hall
		Title:    Assistant Vice President

[Signature Page to First Amendment]

						
	BANK SIGNATURE PAGE TO THE FIRST AMENDMENT TO THE CREDIT AGREEMENT DATED AS OF JUNE 18, 2021 OF TRANE TECHNOLOGIES HOLDCO INC., TRANE TECHNOLOGIES GLOBAL HOLDING COMPANY LIMITED AND TRANE TECHNOLOGIES FINANCING LIMITED
	Wells Fargo Bank, N.A.
As a Bank and, if applicable, an Issuing Bank
	By
		/s/ Sarah Offutt
		Name: Sarah Offutt
		Title:    Vice President

[Signature Page to First Amendment]

[EXECUTION VERSION]EXHIBIT A

			
	$1,000,000,000
CREDIT AGREEMENT
dated as of June 18, 2021

among

Trane Technologies Holdco Inc.,
Trane Technologies Global Holding Company Limited,
and Trane Technologies Financing Limited,
as the Borrowers,
Trane Technologies plc,
as a Guarantor,

The Other Guarantors Listed Herein,

The Banks Listed Herein

and
JPMorgan Chase Bank, N.A.,
as Administrative Agent
___________________________________
Citibank, N.A.,
as Syndication Agent,
Deutsche Bank Securities Inc.,
Goldman Sachs Bank USA,
MUFG Bank, Ltd., and
U.S. Bank National Association,
as Documentation Agents,

J.P. Morgan Securities LLC and BNP Paribas,
as Sustainability Structuring Agents 
and
JPMorgan Chase Bank, N.A.,
Citibank, N.A., BofA Securities, Inc., BNP Securities Corp.
and Mizuho Bank, Ltd.,
as Joint Lead Arrangers and Joint Bookrunners

TABLE OF CONTENTS
Page
ARTICLE I

DEFINITIONS
Section 1.1 Definitions    1
Section 1.2 Accounting Terms and Determinations    37
Section 1.3 Types of Borrowings    37
Section 1.4 Terms Generally    38
Section 1.5 Exchange Rates; Reset Dates    38
Section 1.6 Interest Rates; LIBORBenchmark Notification    39
Section 1.7 Divisions    40
ARTICLE II

THE CREDITS
Section 2.1 Commitments to Lend    40
Section 2.2 Notice of Committed Borrowings    41
Section 2.3 Money Market Borrowings    41
Section 2.4 Notice to Banks; Funding of Loans    46
Section 2.5 Evidence of Debt    47
Section 2.6 Maturity of Loans    47
Section 2.7 Interest Rates    47
Section 2.8 Fees    50
Section 2.9 Optional Termination or Reduction of Commitments    51
Section 2.10 Mandatory Termination of Commitments; Mandatory Prepayments    51
Section 2.11 Optional Prepayments    52
Section 2.12 General Provisions as to Payments    52
Section 2.13 Funding Losses    53
Section 2.14 Computation of Interest and Fees    54
Section 2.15 Taxes    54
Section 2.16 Additional Borrowers    58
Section 2.17 Additional Borrower Costs    59
Section 2.18 Letters of Credit. (a)  General    60
Section 2.19 Interest Elections    65
Section 2.20 Defaulting Banks    66
Section 2.21 Payments Generally    70
Section 2.22 Extension of Termination Date    70
Section 2.23 Sustainability Adjustments    72
ARTICLE III

CONDITIONS
Section 3.1 Effectiveness    74
Section 3.2 Borrowings    76
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ARTICLE IV

REPRESENTATIONS AND WARRANTIES
Section 4.1 Corporate Existence and Power    77
Section 4.2 Organizational and Governmental Authorization; No Contravention    77
Section 4.3 Binding Effect    77
Section 4.4 Financial Information; No Material Adverse Change    77
Section 4.5 Litigation    78
Section 4.6 Compliance with ERISA    78
Section 4.7 Environmental Matters    78
Section 4.8 Taxes    79
Section 4.9 Subsidiaries    79
Section 4.10 Not an Investment Company    79
Section 4.11 Full Disclosure    79
Section 4.12 Regulations T, U and X    79
Section 4.13 Anti-Terrorism Laws; Anti-Corruption Laws    80
ARTICLE V

COVENANTS
Section 5.1 Information    80
Section 5.2 Maintenance of Property; Insurance    83
Section 5.3 Conduct of Business and Maintenance of Existence    83
Section 5.4 Compliance with Laws    83
Section 5.5 Debt    83
Section 5.6 Negative Pledge    84
Section 5.7 Consolidations, Mergers and Sales of Assets    86
Section 5.8 Use of Proceeds    87
Section 5.9 Other Cross Defaults or Negative Pledges    87
ARTICLE VI

DEFAULTS
Section 6.1 Events of Default    87
Section 6.2 Notice of Default    89
ARTICLE VII

THE ADMINISTRATIVE AGENT
Section 7.1 Appointment and Authorization    90
Section 7.2 Administrative Agent and Affiliates    90
Section 7.3 Action by the Administrative Agent    90
Section 7.4 Consultation with Experts    90
Section 7.5 Liability of the Administrative Agent    90
Section 7.6 Indemnification    91
Section 7.7 Credit Decision    91
Section 7.8 Successor Administrative Agent    91
Section 7.9 Acknowledgments of Banks and Issuing Banks    91
Section 7.10 Administrative Agent’s Fees    93
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Section 7.11 Syndication Agent, Documentation Agents and Sustainability Structuring Agents    93
Section 7.12 Certain ERISA Matters    93
ARTICLE VIII

CHANGE IN CIRCUMSTANCES
Section 8.1 Basis for Determining Interest Rate Inadequate or Unfair    95
Section 8.2 Illegality    98
Section 8.3 Increased Cost and Reduced Return    98
Section 8.4 Base Rate Loans Substituted for Affected Fixed Rate Loans    100
Section 8.5 Substitution of Bank    101
ARTICLE IX

MISCELLANEOUS
Section 9.1 Notices    101
Section 9.2 No Waivers    102
Section 9.3 Expenses; Indemnification; Limitation of Liabilities    102
Section 9.4 Sharing of Set-Offs    104
Section 9.5 Amendments and Waivers    104
Section 9.6 Successors and Assigns    104
Section 9.7 Collateral    107
Section 9.8 Governing Law; Submission to Jurisdiction; Process Agent    107
Section 9.9 Counterparts; Integration; Execution    108
Section 9.10 Confidentiality    109
Section 9.11 No Fiduciary Duty    110
Section 9.12 Conversion of Currencies    110
Section 9.13 WAIVER OF JURY TRIAL    111
Section 9.14 Severability    111
Section 9.15 Headings    111
Section 9.16 Guarantee Agreement    111
Section 9.17 USA Patriot Act Notice    114
Section 9.18 Survival    114
Section 9.19 Acknowledgment and Consent to Bail-In of EEA Financial Institutions    114
Section 9.20 Acknowledgment Regarding Any Supported QFCs    115
Section 9.21 Definitions    1
Section 9.22 Assignment    1
Section 9.23 Payments    2
Section 9.24 Consent of the Borrowers and the Administrative Agent    2
Section 9.25 Non-Reliance on Assignor    2
Section 9.26 Governing Law    2
Section 9.27 Counterparts    2
Section 9.28 Definitions    5
Section 9.29 New Additional Borrower    5
Section 9.30 Agreements    5
Section 9.31 Representations and Warranties    5
Section 9.32 Effectiveness    6
Section 9.33 Governing Law    6
Section 9.34 Counterparts    6

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Schedule I    -    Commitments
Schedule II    -    Sustainability Table
Exhibit A    -    Form of Note
Exhibit B    -    Form of Money Market Quote Request
Exhibit C    -    Form of Invitation for Money Market Quotes
Exhibit D    -    Form of Money Market Quote
Exhibit E    -    Form of Pricing Certificate
Exhibit F    -    [Reserved]
Exhibit G    -    Form of Assignment and Assumption Agreement
Exhibit H    -    Form of Additional Borrower Agreement
Exhibit I    -    [Reserved]
Exhibit J    -    Form of Termination Date Extension Request
Exhibit K-1    -    Form of U.S. Tax Certificate (for Non-U.S. Banks that are not Partnerships)
Exhibit K-2    -    Form of U.S. Tax Certificate (for Non-U.S. Participants that are not Partnerships)
Exhibit K-3    -    Form of U.S. Tax Certificate (for Non-U.S. Participants that are Partnerships)
Exhibit K-4    -    Form of U.S. Tax Certificate (for Non-U.S. Banks that are Partnerships)
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CREDIT AGREEMENT
CREDIT AGREEMENT dated as of June 18, 2021, among TRANE TECHNOLOGIES HOLDCO INC., a Delaware corporation (“Trane Holdco”), TRANE TECHNOLOGIES GLOBAL HOLDING COMPANY LIMITED, a Delaware corporation (“Trane Global”), and TRANE TECHNOLOGIES FINANCING LIMITED, an Irish private company limited by shares with registered number 624886 and registered office at 170/175 Lakeview Drive, Airside Business Parks, Sword, Co. Dublin, Ireland, K67 EW96 company (“Trane Ireland” and, together with Trane Holdco and Trane Global, the “Borrowers” and each individually, a “Borrower”), TRANE TECHNOLOGIES PLC, an Irish public limited company with registered number 469272 and registered office at 170/175 Lakeview Drive, Airside Business Park, Swords, Co. Dublin, Ireland, K67 EW96 (“Trane plc”), and the other GUARANTORS listed on the signature pages hereof, the BANKS listed on the signature pages hereof and JPMORGAN CHASE BANK, N.A., as Administrative Agent.
The parties hereto agree as follows:
ARTICLE I
DEFINITIONS

SECTION 1.1    Definitions.  The following terms, as used herein, have the following meanings:
“2018 52022 5-Year Existing Credit Agreement” means the Credit Agreement dated as of April 1725, 20182022 (as amended, supplemented or otherwise modified from time to time), among Trane Holdco, Trane Global, Trane Ireland, Trane plc, the additional borrowers from time to time party thereto, the other guarantors from time to time partiesparty thereto, the several banks and other financial institutions from time to time partiesparty thereto and JPMorgan Chase Bank, N.A., as administrative agent.
“2020 Existing Credit Agreement” means the Credit Agreement dated as of June 4, 2020 (as amended, supplemented or otherwise modified from time to time), among Trane Holdco, Trane Global, Trane Ireland, Trane plc, the other guarantors from time to time parties thereto, the several banks and other financial institutions from time to time parties thereto and JPMorgan Chase Bank, N.A., as administrative agent.
“Absolute Rate Auction” means a solicitation of Money Market Quotes setting forth Money Market Absolute Rates pursuant to Section 2.3.
“Additional Borrower” means, at any time, each of the wholly-owned Subsidiaries of Trane Parent that has been designated as an Additional Borrower by the Lead Borrower pursuant to Section 2.16 and that may borrow Committed Loans as described in Section 2.1.
“Additional Borrower Agreement” has the meaning set forth in Section 2.16(a).
“Adjusted Applicable Percentage” means, with respect to any Bank and its Commitment, the percentage of the total Commitments (excluding the Commitment of any Defaulting Bank) represented by such Bank’s Commitment.  If the Commitments have terminated or expired, the Adjusted Applicable Percentages shall be determined based upon the Commitments most recently in effect, giving effect to any assignments.

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“Adjusted Daily Simple RFR” means, (a) with respect to any RFR Borrowing denominated in Sterling, an interest rate per annum equal to the Daily Simple RFR for Sterling, and (b) with respect to any RFR Borrowing denominated in Dollars, an interest rate per annum equal to (i) the Daily Simple RFR for Dollars, plus (ii) 0.10% per annum; provided that if the Adjusted Daily Simple RFR as so determined would be less than the Floor, such rate shall be deemed to be equal to the Floor for purposes of this Agreement.
“Adjusted EURIBO Rate” means, with respect to any Euro-CurrencyTerm Benchmark Borrowing denominated in Euro for any Interest Period, an interest rate per annum equal to (a) EURIBOREURIBO Rate for such Interest Period multiplied by (b) the Euro-CurrencyStatutory Reserve Percentage; provided that if the Adjusted EURIBO Rate as so determined would be less than the Floor, such rate shall be deemed to be equal to the Floor for purposes of this Agreement.
“Adjusted London Interbank OfferedTerm SOFR Rate” means, with respect to any Euro-CurrencyTerm Benchmark Borrowing denominated in Dollars for any Interest Period, an interest rate per annum equal to (a) the London Interbank OfferedTerm SOFR Rate for such Interest Period multiplied by, plus (b) the Euro-Currency Reserve Percentage0.10% per annum; provided that if the Adjusted Term SOFR Rate as so determined would be less than the Floor, such rate shall be deemed to be equal to the Floor for purposes of this Agreement.
“Administrative Agent” means JPMorgan Chase Bank, N.A. (including its branches and affiliates), in its capacity as administrative agent for the Banks hereunder, and its successors in such capacity.
“Administrative Questionnaire” means, with respect to each Bank, an administrative questionnaire in the form prepared by the Administrative Agent and submitted to the Administrative Agent (with a copy to the Lead Borrower) duly completed by such Bank.
“Affected Financial Institution” means (a) any EEA Financial Institution or (b) any UK Financial Institution.
“Affiliate” means, with respect to any Person, any Person directly or indirectly controlling, controlled by or under common control with such other Person.  As used herein, the term “control” means possession, directly or indirectly, of the power to direct or cause the direction of the management or policies of a Person, whether through ownership of voting securities, by contract or otherwise.
“Agent-Related Person” has the meaning set forth in Section 9.3(d).
“Agents” means, collectively, the Administrative Agent, the Syndication Agent, the Documentation Agents and the Sustainability Structuring Agents, and “Agent” means any of the foregoing.
“Agreed Currency” means Dollars and each Foreign Currency.
“Agreement” means this Credit Agreement, as amended, supplemented or otherwise modified from time to time.
“Agreement Currency” has the meaning set forth in Section 9.12(b).
“Ancillary Document” has the meaning set forth in Section 9.9(b).

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“Applicable Creditor” has the meaning set forth in Section 9.12(b).
“Applicable Currency” means, as to any particular payment, Borrowing or Loan, Dollars or the Foreign Currency in which it is denominated or payable.
“Applicable Lending Office” means, with respect to any Bank, (i) in the case of its Base Rate Loans, its Domestic Lending Office, (ii) in the case of its Euro-CurrencyTerm Benchmark Loans, its Euro-CurrencyTerm Benchmark Lending Office and (iii) in the case of its Money Market Loans, its Money Market Lending Office.
“Applicable Percentage” means, with respect to any Bank, the percentage of the total Commitments represented by such Bank’s Commitment.  If the Commitments have terminated or expired, the Applicable Percentage shall be determined based upon the Commitments most recently in effect, giving effect to any assignments.
“Applicable Rate” means, collectively, the Euro-CurrencyTerm Benchmark Margin, the RFR Margin and the CBR Margin, or any of the foregoing individually.
“Assignee” has the meaning set forth in Section 9.6(c).
“Assignment and Assumption Agreement” means an assignment and assumption agreement, in substantially the form of Exhibit G hereto or such other form as shall be approved by the Administrative Agent and the Lead Borrower, with respect to assignment of Loans and Commitments hereunder.
“Attributable Debt” means, at any date, the total net amount of rent required to be paid under a lease during the remaining term thereof (excluding any renewal term unless such renewal is at the option of the lessor), discounted from the respective due dates thereof to such date at 8 3/8% compounded semi-annually.  The net amount of rent required to be paid for any such period shall be the aggregate of the rent payable by the lessee with respect to such period after excluding amounts required to be paid on account of, or measured or determined by, any variable factor, including, without limitation, the cost-of-living index and costs of maintenance and repairs, insurance, taxes, assessments, water rates and similar charges and after excluding any portion of rentals based on a percentage of sales made by the lessee.  In the case of any lease which is terminable by the lessee upon the payment of a penalty, such net amount shall also include the amount of such penalty, but no rent shall be considered so required to be paid under such lease subsequent to the first date upon which it may be so terminated.
“Availability Period” means the period from and including the Effective Date to but excluding the earlier of the Termination Date and the date of termination of the Commitments.
“Available Commitment” means, with respect to any Bank, an amount equal to the Commitment of such Bank minus the amount of all outstanding Committed Loans made by such Bank pursuant to Section 2.1(a) or 2.1(b) and the amount of LC Exposure of such Bank.
“Available Tenor” means, as of any date of determination and with respect to the then-current Benchmark for any Agreed Currency, as applicable, any tenor for such Benchmark (or component thereof) or payment period for interest calculated with reference to such Benchmark (or component thereof), as applicable, that is or may be used for determining the length of an Interest Period for any term rate or otherwise, for determining any frequency of making payments of interest calculated pursuant to this Agreement as of such date and not including, for the avoidance of doubt, any tenor for such Benchmark that is then-removed from the definition of “Interest Period” pursuant to clause (fe) of Section 8.1.

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“Bail-In Action” means the exercise of any Write-Down and Conversion Powers by the applicable Resolution Authority in respect of any liability of any Affected Financial Institution.
“Bail-In Legislation” means (a) with respect to any EEA Member Country which has implemented, or which at any time implements, Article 55 BRRD, the relevant implementing law or regulation as described in the EU Bail-In Legislation Schedule from time to time; and (b) with respect to the United Kingdom, Part I of the United Kingdom Banking Act 2009 (as amended from time to time) and any other law, regulation or rule applicable in the United Kingdom relating to the resolution of unsound or failing banks, investment firms or other financial institutions or their respective affiliates (other than through liquidation, administration or other insolvency proceedings).
“Bank” means each bank or other financial institution listed on the signature pages hereof, each Assignee that becomes a Bank pursuant to Section 9.6(c) and their respective successors.  In the event that any Bank, pursuant to Section 2.4(a), utilizes a branch or Affiliate to make a Loan, the term “Bank” shall include any such branch or Affiliate with respect to such Loan.
“Bankruptcy Code” means the Bankruptcy Code in Title 11 of the United States Code.
“Base Rate” means, for any day, a rate per annum equal to the greatest of (a) the Prime Rate in effect for such day, (b) the NYFRB Rate in effect on such day plus 1/2 of 1% and (c) the Adjusted London Interbank OfferedTerm SOFR Rate for a one-month Interest Period onas published two U.S. Government Securities Business Days prior to such day (or if such day is not a U.S. Government Securities Business Day, the immediately preceding U.S. Government Securities Business Day) plus 1%; provided that, for the avoidance of doubt, the London Interbank OfferedAdjusted Term SOFR Rate for any day shall be based on the LIBO Screen Rate for a Loan denominated in the Applicable Currency having a one-month Interest PeriodTerm SOFR Reference Rate at approximately 11:005:00 A.M. (LondonChicago time) on such day (or any amended publication time for the Term SOFR Reference Rate, as specified by the CME Term SOFR Administrator in the Term SOFR Reference Rate methodology); provided further that if such ratethe Base Rate as so determined shall be less than zero, such rate shall be deemed to be zero.  Any change in the Base Rate due to a change in the Prime Rate, the NYFRB Rate or the Adjusted London Interbank OfferedTerm SOFR Rate shall be effective from and including the effective date of such change in the Prime Rate, the NYFRB Rate or the Adjusted London Interbank OfferedTerm SOFR Rate, respectively.  If the Base Rate is being used as an alternate rate of interest pursuant to Section 8.1 (for the avoidance of doubt, only until the Benchmark Replacement has been determined pursuant to Section 8.1(b)), then the Base Rate shall be the greater of clauses (a) and (b) of this definition and shall be determined without reference to clause (c) of this definition.
“Base Rate Loan” means a Committed Loan to be made by a Bank as a Base Rate Loan in accordance with the applicable Notice of Committed Borrowing or pursuant to Article VIII.
“Base Rate Margin” means the amount by which the Euro-CurrencyTerm Benchmark Margin exceeds 1.000%.
“Benchmark” means, initially, with respect to any (a) RFR Loan or Money Market SOFR/EURIBOR/SONIA Loan denominated in Sterling, the applicable Relevant Rate for Sterling or (b) Euro-CurrencyRFR Loan, Term Benchmark Loan or Money Market SOFR/EURIBOR/SONIA Loan denominated in an Agreed Currency (other than Sterling), the 

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Relevant Rate for such Agreed Currency; provided that if a Benchmark Transition Event, a Term SOFR Transition Event, an Early Opt-in Election or an Other Benchmark Rate Election, as applicable, and itsthe related Benchmark Replacement Date have occurred with respect to the applicable Relevant Rate or the then-current Benchmark for such Agreed Currency, then “Benchmark” means the applicable Benchmark Replacement to the extent that such Benchmark Replacement has replaced such prior benchmark rate pursuant to paragraph (b) or paragraph (c) of Section 8.1.
“Benchmark Replacement” means, for any Available Tenor, the first alternative set forth in the order below that can be determined by the Administrative Agent for the applicable Benchmark Replacement Date; provided that, in the case of any Loan denominated in a Foreign Currency or in the case of an Other Benchmark Rate Election, “Benchmark Replacement” shall mean the alternative set forth in clause (32) below:
(1)    in the case of any Loan denominated in Dollars, the sum of (a) Term SOFR and (b) the related Benchmark Replacement Adjustment;
(2)    in the case of any Loan denominated in Dollars, the sum of (a)Adjusted Daily Simple SOFRRFR; and (b) the related Benchmark Replacement Adjustment;
(3
(2)     the sum of (a) the alternate benchmark rate that has been selected by the Administrative Agent and the Lead Borrower as the replacement for the then-current Benchmark for the applicable Corresponding Tenor giving due consideration to (i) any selection or recommendation of a replacement benchmark rate or the mechanism for determining such a rate by the Relevant Governmental Body or (ii) any evolving or then-prevailing market convention for determining a benchmark rate as a replacement for the then-current Benchmark for syndicated credit facilities denominated in the applicable Agreed Currency at such time in the United States and (b) the related Benchmark Replacement Adjustment;
provided that, in the case of clause (1), such Unadjusted Benchmark Replacement is displayed on a screen or other information service that publishes such rate from time to time as selected by the Administrative Agent in its reasonable discretion; provided further that, in the case of clause (3), when such clause is used to determine the Benchmark replacement in connection with the occurrence of an Other Benchmark Rate Election, the alternate benchmark rate selected by the Administrative Agent and the Parent Borrower shall be the term benchmark rate that is used in lieu of a LIBOR-based rate in the relevant other Dollar-denominated syndicated credit facilities; provided further that, notwithstanding anything to the contrary in this Agreement or in any other Loan Document, upon the occurrence of a Term SOFR Transition Event, and the delivery of a Term SOFR Notice, on the applicable Benchmark Replacement Date, the “Benchmark Replacement” shall revert to and shall be deemed to be the sum of (a) Term SOFR and (b) the related Benchmark Replacement Adjustment, as set forth in clause (1) of this definition (subject to the first proviso above).
If the Benchmark Replacement as determined pursuant to clause (1), or (2) or (3) above would be less than the Floor, then the Benchmark Replacement will be deemed to be the Floor for the purposes of this Agreement and the other Loan Documents.
To the extent administratively and operationally feasible, the Administrative Agent and the Lead Borrower shall use commercially reasonable efforts to ensure that any alternate benchmark rate described in clause (2) of the definition of “Benchmark Replacement” shall meet the standards set forth in Treasury Regulation Section 1.1001-6 (or any successor version of such regulation) so as not to be treated as a 

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“modification” (and therefore result in a deemed exchange) of this Agreement for purposes of Treasury Regulation Section 1.1001-3 (it being understood that the Administrative Agent shall not be required to take any action under this provision that would cause it any commercially unreasonable burden as determined in good faith by the Administrative Agent).
“Benchmark Replacement Adjustment” means, with respect to any replacement of the then-current Benchmark with an Unadjusted Benchmark Replacement for any applicable Interest Period and Available Tenor for any setting of such Unadjusted Benchmark Replacement:
(1)    for purposes of clauses (1) and (2) of the definition of “Benchmark Replacement”, the first alternative set forth in the order below that can be determined by the Administrative Agent:
(a)    the spread adjustment, or method for calculating or determining such spread adjustment, (which may be a positive or negative value or zero) as of the Reference Time such Benchmark Replacement is first set for such Interest Period that has been selected or recommended by the Relevant Governmental Body for the replacement of such Benchmark with the applicable Unadjusted Benchmark Replacement for the applicable Corresponding Tenor;
(b)    the spread adjustment (which may be a positive or negative value or zero) as of the Reference Time such Benchmark Replacement is first set for such Interest Period that would apply to the fallback rate for a derivative transaction referencing the ISDA Definitions to be effective upon an index cessation event with respect to such Benchmark for the applicable Corresponding Tenor; and
(2)    for purposes of clause (3) of the definition of “Benchmark Replacement”, the spread adjustment, or method for calculating or determining such spread adjustment, (which may be a positive or negative value or zero) that has been selected by the Administrative Agent and the Lead Borrower for the applicable Corresponding Tenor giving due consideration to (i) any selection or recommendation of a spread adjustment, or method for calculating or determining such spread adjustment, for the replacement of such Benchmark with the applicable Unadjusted Benchmark Replacement by the Relevant Governmental Body on the applicable Benchmark Replacement Date and/or (ii) any evolving or then-prevailing market convention for determining a spread adjustment, or method for calculating or determining such spread adjustment, for the replacement of such Benchmark with the applicable Unadjusted Benchmark Replacement for syndicated credit facilities denominated in the applicable Agreed Currency at such time;
provided that, in the case of clause (1) above, such adjustment is displayed on a screen or other information service that publishes such Benchmark Replacement Adjustment from time to time as selected by the Administrative Agent in its reasonable discretion.
“Benchmark Replacement Conforming Changes” means, with respect to any Benchmark Replacement and/or any Term Benchmark Loan denominated in Dollars, any technical, administrative or operational changes (including changes to the definition of “Base Rate”, the definition of “Business Day”, the definition of “U.S. Government Securities Business Day”, the definition of “RFR Business Day”, the definition of “Interest Period”, timing and frequency of determining rates and making payments of interest, timing of borrowing requests or prepayment, conversion or continuation notices, length of lookback periods, the applicability of breakage provisions and other technical, administrative or operational matters) that the Administrative Agent decides in its reasonable discretion may be appropriate to reflect the adoption and implementation of such Benchmark Replacement and to permit the administration thereof by the Administrative Agent in a manner substantially consistent with 

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market practice (or, if the Administrative Agent decides that adoption of any portion of such market practice is not administratively feasible or if the Administrative Agent determines that no market practice for the administration of thesuch Benchmark Replacement exists, in such other manner of administration as the Administrative Agent decides is reasonably necessary in connection with the administration of this Agreement and the other Loan Documents).
“Benchmark Replacement Date” means, with respect to any Benchmark, the earliest to occur of the following events with respect to such then-current Benchmark:
(1)    in the case of clause (1) or (2) of the definition of “Benchmark Transition Event”, the later of (a) the date of the public statement or publication of information referenced therein and (b) the date on which the administrator of such Benchmark (or the published component used in the calculation thereof) permanently or indefinitely ceases to provide all Available Tenors of such Benchmark (or such component thereof); or
(2)    in the case of clause (3) of the definition of “Benchmark Transition Event”, the first date on which such Benchmark (or the published component used in the calculation thereof) has been determined and announced by the regulatory supervisor for the administrator of such Benchmark (or such component thereof) to be no longer representative; provided that such non-representativeness will be determined by preference to the most recent statement or publication referenced in such clause (3) and even if any Available Tenor of such Benchmark (or such component thereof) continues to be provided on such date;
(3)    in the case of a Term SOFR Transition Event, the date that thirty days after the date a Term SOFR Notice is provided to the Banks and the Lead Borrower pursuant to Section 8.1(c); or
(4)    in the case of an Early Opt-in Election or an Other Benchmark Rate Election, the sixth Business Day after the date notice of such Early Opt-in Election or Other Benchmark Rate Election, as applicable, is provided to the Banks, so long as the Administrative Agent has not received, by 5:00 p.m. (New York City time) on the fifth Business Day after the date notice of such Early Opt-in Election or Other Benchmark Rate Election, as applicable, is provided to the Banks, written notice of objection to such Early Opt-in Election or Other Benchmark Rate Election, as applicable, from Banks comprising the Required Banks.
For the avoidance of doubt, (i) if the event giving rise to the Benchmark Replacement Date occurs on the same day as, but earlier than, the Reference Time in respect of any determination, the Benchmark Replacement Date will be deemed to have occurred prior to the Reference Time for such determination and (ii) the “Benchmark Replacement Date” will be deemed to have occurred in the case of clause (1) or (2) with respect to any Benchmark upon the occurrence of the applicable event or events set forth therein with respect to all then-current Available Tenors of such Benchmark (or the published component used in the calculation thereof).
“Benchmark Transition Event” means, with respect to any Benchmark, the occurrence of one or more of the following events with respect to such then-current Benchmark:
(1)    a public statement or publication of information by or on behalf of the administrator of such Benchmark (or the published component used in the calculation thereof) announcing that such administrator has ceased or will cease to provide all Available Tenors of such Benchmark (or such component thereof), permanently or indefinitely; provided that, at the time of such statement or publication, there is no successor administrator that will continue to provide any Available Tenor of such Benchmark (or such component thereof);

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(2)    a public statement or publication of information by the regulatory supervisor for the administrator of such Benchmark (or the published component used in the calculation thereof), the U.S. Federal Reserve System, the NYFRB, the CME Term SOFR Administrator, the central bank for the Agreed Currency applicable to such Benchmark, an insolvency official with jurisdiction over the administrator for such Benchmark (or such component), a resolution authority with jurisdiction over the administrator for such Benchmark (or such component) or a court or an entity with similar insolvency or resolution authority over the administrator for such Benchmark (or such component), in each case, which states that the administrator of such Benchmark (or such component) has ceased or will cease to provide all Available Tenors of such Benchmark (or such component thereof) permanently or indefinitely, provided that, at the time of such statement or publication, there is no successor administrator that will continue to provide any Available Tenor of such Benchmark (or such component thereof); or
(3) a public statement or publication of information by the regulatory supervisor for the administrator of such Benchmark (or the published component used in the calculation thereof) announcing that all Available Tenors of such Benchmark (or such component thereof) are no longer, or as of a specified future date will no longer be, representative.
The parties hereto acknowledge that a 
For the avoidance of doubt, a “Benchmark Transition Event” will be deemed to have occurred on March 5, 2021, with respect to the London Interbank Offered Rate for Loans denominated in Dollars.
“Benchmark Transition Start Date” means (a) in the case of a Benchmark Transition Event, the earlier of (i) the applicable Benchmark Replacement Date and (ii) if such Benchmark Transition Event isany Benchmark if a public statement or publication of information of a prospective event, the 90th day prior to the expected date of such event as of such public statement or publication of informationset forth above has occurred with respect to each then-current Available Tenor of such Benchmark (or if the expected date of such prospective event is fewer than 90 days after such statement or publication, the date of such statement or publication) and (b) in the case of an Early Opt-in Election, the date specified by the Administrative Agent or the Required Banks, as applicable, by notice to the Lead Borrower, the Administrative Agent (in the case of such notice by the Required Banks) and the Bankspublished component used in the calculation thereof).
“Benchmark Unavailability Period” means, with respect to any Benchmark, the period (if any) (a) beginning at the time that a Benchmark Replacement Date pursuant to clause (1) or (2) of that definition has occurred if, at such time, no Benchmark Replacement has replaced such then-current Benchmark for all purposes hereunder and under any other Loan Document in accordance with Section 8.1 and (b) ending at the time that a Benchmark Replacement has replaced such then-current Benchmark for all purposes hereunder and under any other Loan Document in accordance with Section 8.1.
“Beneficial Ownership Certification” means a certification regarding beneficial ownership or control as required by the Beneficial Ownership Regulation.
“Beneficial Ownership Regulation” means 31 C.F.R. § 1010.230.
“Benefit Arrangement” means at any time an “employee benefit plan” within the meaning of Section 3(3) of ERISA which is not a Plan or a Multiemployer Plan and which is maintained or otherwise contributed to by any member of the ERISA Group.

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“Benefit Plan” means (a) an “employee benefit plan” (as defined in ERISA) that is subject to Title I of ERISA, (b) a “plan” as defined in and subject to Section 4975 of the Internal Revenue Code or (c) any Person whose assets include (for purposes of Section 3(42) of ERISA or otherwise for purposes of Title I of ERISA or Section 4975 of the Internal Revenue Code) the assets of any such “employee benefit plan” or “plan”.
“BHC Act Affiliate” means, with respect to any Person, an “affiliate” (as such term is defined under, and interpreted in accordance with, 12 U.S.C. § 1841(k)) of such Person.
“Blocked Person” means any Person that is publicly identified on the most current list of “Specially Designated Nationals and Blocked Persons” published by OFAC.
“Board” means the Board of Governors of the Federal Reserve System (or any successors).
“Borrower” and “Borrowers” have the meanings set forth in the preamble hereto.
“Borrowing” has the meaning set forth in Section 1.3.
“Business Day” means any day that is not a Saturday, Sunday or other day on which commercial banks are not open for business in New York City; provided that (a) when used in relation to Loans denominated in Sterling (including any interest rate settings, fundings, disbursements, settlements or payments of any such Loans, or any other dealings in Sterling) or in relation to the calculation or computation of the London Interbank Offered Rate, the term “Business Day” shall also exclude any day on which commercial banks are not open for business in London, and (b) when used in relation to Loans denominated in Euro or in relation to the calculation or computation of the EURIBO Rate, the term “Business Day” shall also exclude any day that is not a TARGET Day, (c) when used in relation to RFR Loans and any interest rate settings, fundings, disbursements, settlements or payments of any such RFR Loan, or any other dealings in the applicable Agreed Currency of such RFR Loan, the term “Business Day” shall also exclude any day that is not also an RFR Business Day and (d) when used in relation to (x) any RFR Loans denominated in Dollars and any interest rate settings, fundings, disbursements, settlements or payments of any such RFR Loan, or any other dealings of such RFR Loans and (y) Loans referencing the Adjusted Term SOFR Rate and any interest rate settings, fundings, disbursements, settlements or payments of any such Loans referencing the Adjusted Term SOFR Rate or any other dealings of such Loans referencing the Adjusted Term SOFR Rate, the term “Business Day” shall include any such day that is only a U.S. Government Securities Business Day.
“Calculation Date” means, with respect to each Foreign Currency, the last day of each calendar month (or, if such day is not a Business Day, the next succeeding Business Day); provided that the second Business Day preceding any Borrowing of Foreign Currency Loans shall also be a “Calculation Date” with respect to the Foreign Currency to be borrowed on such date.
“CBR”, when used in reference to any Loan or Borrowing, refers to whether such Loan, or the Loans comprising such Borrowing, are bearing interest at a rate determined by reference to the Central Bank Rate.  CBR Loans are only available as a result of the application of Section 8.1.
“CBR Margin” has the meaning set forth in Section 2.7(g).
“Central Bank Rate” means, for any day, (a) the greater of (i) for any Loan denominated in (A) Sterling, the Bank of England’s (or any successor’s thereto) “Bank Rate” as 

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published by the Bank of England (or any successor thereto) from time to time and in effect on such day or (B) Euro, one of the following three rates as may be selected by the Administrative Agent in its reasonable discretion:  (1) the fixed rate for the main refinancing operations of the European Central Bank (or any successor thereto), or, if that rate is not published, the minimum bid rate for the main refinancing operations of the European Central Bank (or any successor thereto), each as published by the European Central Bank (or any successor thereto) from time to time and in effect on such day, (2) the rate for the marginal lending facility of the European Central Bank (or any successor thereto), as published by the European Central Bank (or any successor thereto) from time to time on such day or (3) the rate for the deposit facility of the central banking system of the Participating Member States, as published by the European Central Bank (or any successor thereto) from time to time;  and (ii) 0.00%the Floor; plus (b) the applicable Central Bank Rate Adjustment.  Each change in the Central Bank Rate resulting from a change in the applicable published rate referred to above shall be effective from and including the date such change in such applicable published rate is publicly announced as being effective.
“Central Bank Rate Adjustment” means, for any day, for any Loan denominated in (a) Euro, a rate equal to the difference (which may be a positive or negative value or zero) of (i) the average of the Adjusted EURIBO Rate for the five most recent Business Days preceding such day for which the EURIBO Screen Rate was available (excluding, from such averaging, the highest and the lowest Adjusted EURIBO Rate applicable during such period of five Business Days) minus (ii) the Central Bank Rate in respect of Euro in effect on the last Business Day in such period and (b) Sterling, a rate equal to the difference (which may be a positive or negative value or zero) of (i) the average of SONIAAdjusted Daily Simple RFR for Sterling Borrowings for the five most recent RFR Business Days preceding such day for which SONIA was available (excluding, from such averaging, the highest and the lowest SONIAsuch Adjusted Daily Simple RFR applicable during such period of five RFR Business Days) minus (ii) the Central Bank Rate in respect of Sterling in effect on the last RFR Business Day in such period.  For purposes of this definition, (x) the term Central Bank Rate shall be determined disregarding clause (b) of the definition of such term and (y) the Adjusted EURIBO Rate on any day shall be based on the EURIBO Screen Rate on such day at approximately the time referred to in the definition of such term for deposits in the applicable Agreed Currency for a maturity of one month (or, in the event the EURIBO Screen Rate for deposits in the applicable Agreed Currency is not available for such maturity of one month, shall be based on the Interpolated Screen Rate as of such time); provided that if such rate shall be less than 0.00%, such rate shall be deemed to be 0.00%.
“CME Term SOFR Administrator” means CME Group Benchmark Administration Limited as administrator of the forward-looking term Secured Overnight Financing Rate (SOFR) (or a successor administrator of SOFR).
“Commitment” means, as to any Bank, the obligation of such Bank to make Loans to any Borrower or any Additional Borrower hereunder and to acquire participations in Letters of Credit in an aggregate principal amount at any one time outstanding not to exceed the amount set forth opposite such Bank’s name under the column “Commitment” on Schedule I, and with respect to any Bank that becomes a party to this Agreement pursuant to Section 9.6(c), the amount of the Commitment thereby assumed by such Bank, in each case as such amount may from time to time be reduced pursuant to Sections 2.9, 2.10 and 9.6(c) or increased pursuant to Section 9.6(c).
“Commitment Fee Rate” has the meaning set forth in Section 2.7(g).
“Committed Loan” means a loan made by a Bank pursuant to Section 2.1(a) or (b).

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“Consenting Bank” has the meaning set forth in Section 2.22(a).
“Consolidated Debt” means, at any date, without duplication, the sum of (i) all amounts which would be set forth opposite the captions “Short-term borrowings and current maturities of long-term debt” and “Long-term debt” on a balance sheet of Trane Parent and its Consolidated Subsidiaries as of such date prepared in accordance with GAAP consistent with those utilized in preparing the audited balance sheet of Trane Parent and its Consolidated Subsidiaries referred to in Section 4.4(a) hereof, (ii) capitalized lease obligations of Trane Parent and its Consolidated Subsidiaries and (iii) the higher of the voluntary or involuntary liquidation value of any preferred stock (other than auction-rate preferred stock the higher of the voluntary or involuntary liquidation value of which does not in the aggregate exceed $100,000,000) of a Consolidated Subsidiary held on such date by a Person other than Trane Parent or a wholly-owned Consolidated Subsidiary, but in any event excluding subordinated debentures issued by Trane Parent to one or more Delaware statutory business trusts and purchased by such trusts with the proceeds of the issuance of trust preferred securities (the “Equity-Linked Subordinated Debentures”).  The foregoing definition is based on the understanding of the parties that the obligations covered by clauses (i) and (ii) above are co-extensive in all material respects with the obligations covered by the definition of Debt herein, and the reference to specific balance sheet captions is for the purpose of affording both greater simplicity and greater certainty in determining compliance with the provisions of Section 5.5.  If the foregoing assumption is at some future time determined not to be correct, and if the Administrative Agent notifies Trane Parent that the Required Banks wish to amend the foregoing definition to include an obligation covered by the definition of Debt (or if Trane Parent notifies the Administrative Agent that Trane Parent wishes to amend the foregoing definition to exclude an obligation not covered by the definition of Debt), then Trane Parent’s compliance with Section 5.5 shall be determined by including in (or excluding from, as the case may be) Consolidated Debt the consolidated amount, determined in accordance with GAAP, of the obligation in question until either such notice is withdrawn or this definition is amended in a manner satisfactory to Trane Parent and the Required Banks.
“Consolidated Net Worth” means, in accordance with Section 1.2, at any date the consolidated stockholders’ equity of Trane Parent and its Consolidated Subsidiaries, exclusive of adjustments resulting from any accumulated other comprehensive income, any impairment of tangible assets or any non-cash charges, but including the amount shown on the balance sheet of Trane Parent as of such date in respect of any Equity-Linked Subordinated Debentures.
“Consolidated Subsidiary” means at any date any Subsidiary or other entity the accounts of which would be consolidated with those of Trane Parent in its consolidated financial statements if such statements were prepared as of such date.
“Corresponding Tenor” with respect to any Available Tenor means, as applicable, either a tenor (including overnight) or an interest payment period having approximately the same length (disregarding business day adjustment) as such Available Tenor.
“Covered Entity” means any of (a) a “covered entity” as that term is defined in, and interpreted in accordance with, 12 C.F.R. § 252.82(b); (b) a “covered bank” as that term is defined in, and interpreted in accordance with, 12 C.F.R. § 47.3(b); or (c) a “covered FSI” as that term is defined in, and interpreted in accordance with, 12 C.F.R. § 382.2(b).
“Covered Party” has the meaning set forth in Section 9.20.
“Cross Default” means a provision governing Debt of Trane Parent or any Borrower to the effect that the holder of such Debt (or any representative of such holder) shall have the right, upon the giving of any notice and the lapse of any time specified in the 

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instruments governing such Debt, to accelerate the maturity of such Debt by reason of (i) an event or condition which permits acceleration of the maturity of Material Debt of Trane Parent, any Borrower or a Subsidiary or (ii) the failure to pay when due any amount of Material Debt of Trane Parent, any Borrower or a Subsidiary, in each case whether or not upon the giving of notice and the lapse of any time (including the lapse of any applicable grace period) specified in the instruments governing such other Debt.
“Current Board” has the meaning set forth in Section 6.1(j).
“Daily Simple RFR” means, for any day (an “RFR Interest Day”) with respect, an interest rate per annum equal to, for any RFR Loan denominated in (a) Sterling, an interest rate per annum equal to the greater of (a) SONIA for the day that is five RFR Business Days prior to (i) if such RFR Interest Day is aan RFR Business Day, such RFR Interest Day or (ii) if such RFR Interest Day is not aan RFR Business Day, the Business Day immediately preceding such RFR Interest Day, and (b) 0.00%Dollars, Daily Simple SOFR.  Any change in Daily Simple RFR due to a change in SONIA shall be effective from and including the effective date of such change in SONIA without notice to any Borrower or Additional Borrower.

“Daily Simple SOFR” means, for any day, SOFR, with the conventions for this rate (which may include a lookback) being established by the Administrative Agent in accordance with the conventions for this rate selected or recommended by the Relevant Governmental Body for determining “Daily Simple SOFR” for business loans; provided that if the Administrative Agent decides that any such convention is not administratively feasible for the Administrative Agent, then the Administrative Agent may establish another convention in its reasonable discretion. (a “SOFR Rate Day”), a rate per annum equal to SOFR for the day that is five RFR Business Days prior to (a) if such SOFR Rate Day is an RFR Business Day, such SOFR Rate Day or (b) if such SOFR Rate Day is not an RFR Business Day, the RFR Business Day immediately preceding such SOFR Rate Day, in each case, as such SOFR is published by the SOFR Administrator on the SOFR Administrator’s Website.  Any change in Daily Simple SOFR due to a change in SOFR shall be effective from and including the effective date of such change in SOFR without notice to any Borrower or Additional Borrower.
“Debt” of any Person means, at any date, without duplication, (i) all obligations of such Person for borrowed money, (ii) all obligations of such Person evidenced by bonds, debentures, notes or other similar instruments, (iii) all obligations of such Person to pay the deferred purchase price of property (but not services), except trade accounts payable arising in the ordinary course of business, (iv) all obligations of such Person as lessee that are capitalized in accordance with GAAP and (v) all Debt of others secured by a Lien on any asset of such Person, whether or not such Debt is assumed by such Person; provided that “Debt” shall include at any date only such obligations and such Debt of others to the extent such obligations and such Debt of others is reflected as a liability in the consolidated balance sheet of Trane Parent and its Consolidated Subsidiaries as of such date (or would be so reflected if such a balance sheet were prepared as of such date).
“Debtor Relief Laws” means the Bankruptcy Code and all other liquidation, conservatorship, bankruptcy, assignment for the benefit of creditors, moratorium, rearrangement, receivership, insolvency, reorganization, or similar debtor relief laws of the United States or other applicable jurisdictions from time to time in effect and affecting the rights of creditors generally.
“Declining Bank” has the meaning set forth in Section 2.22(a).

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“Default” means any condition or event which constitutes an Event of Default or which with the giving of notice or lapse of time or both would, unless cured or waived, become an Event of Default.
“Default Right” has the meaning assigned to such term in, and shall be interpreted in accordance with, 12 C.F.R. §§ 252.81, 47.2 or 382.1, as applicable.
“Defaulting Bank” means any Bank, as determined by the Administrative Agent, that (a) shall have failed to fund any Loan for two or more Business Days after the date that the Borrowing of which such Loan is to be a part of is funded by any other Banks (unless (i) such Bank and at least one other Bank shall have notified the Administrative Agent and the Lead Borrower in writing of its determination that a condition to its obligation to make a Loan as part of such Borrowing shall not have been satisfied and (ii) Banks representing a majority in interest of the aggregate Commitments shall not have advised the Administrative Agent in writing of their determination that such condition has been satisfied), (b) shall have failed to fund any portion of its participation in any LC Disbursement for two or more Business Days after the date on which such funding is to occur hereunder, (c) shall have notified the Administrative Agent (or shall have notified the Lead Borrower or any Issuing Bank, which shall in turn have notified the Administrative Agent) in writing that it does not intend or is unable to comply with its funding obligations under this Agreement, or shall have made a public statement to the effect that it does not intend or is unable to comply with such funding obligations or its funding obligations generally under other credit or similar agreements to which it is a party (unless, in the case of such Bank’s funding obligations under this Agreement, (i) such Bank and at least one other Bank shall have notified the Administrative Agent and the Lead Borrower in writing of its determination that a condition to its obligation to make a Loan as part of such Borrowing shall not have been satisfied and (ii) Banks representing a majority in interest of the aggregate Commitments shall not have advised the Administrative Agent in writing of their determination that such condition has been satisfied), (d) shall have failed (but not for fewer than three Business Days) after a written request by the Administrative Agent to confirm that it will comply with its obligations to make Loans and fund participations in LC Disbursements hereunder; provided that such Bank shall cease to be a Defaulting Bank pursuant to this clause (d) upon receipt of such confirmation by the Administrative Agent, (e) shall have become the subject of a bankruptcy, liquidation or insolvency proceeding, or shall have had a receiver, conservator, trustee or custodian appointed for it, or shall have taken any action in furtherance of, or indicating its consent to, approval of or acquiescence in any such proceeding or appointment or shall have a parent company that has become the subject of a bankruptcy, liquidation or insolvency proceeding, or has had a receiver, conservator, trustee or custodian appointed for it, or has taken any action in furtherance of, or indicating its consent to, approval of or acquiescence in any such proceeding or appointment or (f) shall have, or shall have a direct or indirect parent company that shall have, become the subject of a Bail-In Action; provided that a Bank shall not be deemed to be a “Defaulting Bank” solely as a result of the acquisition or maintenance of an ownership interest in such Bank or any Person controlling such Bank by a Governmental Authority so long as such ownership interest does not result in or provide such Bank with immunity from the jurisdiction of courts within the United States or from the enforcement of judgments or writs of attachment on its assets or permit such Bank (or such Governmental Authority or instrumentality) to reject, repudiate, disavow or disaffirm any contracts or agreements made with such Bank.
“Defaulting Bank LC Exposure” has the meaning set forth in Section 2.20(a)(iii)(B)(2).
“Disbursement Date” has the meaning set forth in Section 2.18(e).

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“Documentation Agents” means Deutsche Bank Securities Inc., Goldman Sachs Bank USA, MUFG Bank, Ltd. and U.S. Bank National Association, each in its capacity as documentation agent hereunder, and its successors in such capacity, and “Documentation Agent” means any of the foregoing.
“Dollar Equivalent” means, at any time, (a) as to any amount denominated in Dollars, the amount thereof at such time and (b) as to any amount denominated in a Foreign Currency, the equivalent amount in Dollars as determined by the Administrative Agent on the basis of the Exchange Rate, as described in Section 1.5, for the purchase of Dollars with such Foreign Currency on the most recent Calculation Date for such Foreign Currency.
“Dollars” or “$” means the lawful currency of the United States.
“Domestic Lending Office” means, as to each Bank, its office, branch or Affiliate located at its address set forth in its Administrative Questionnaire (or identified in its Administrative Questionnaire as its Domestic Lending Office) and/or one or more other offices, branches or Affiliates as such Bank may hereafter designate as its Domestic Lending Office by notice to the Lead Borrower and the Administrative Agent.
“Early Opt-in Election” means, if the then current Benchmark with respect to Dollars is the London Interbank Offered Rate, the occurrence of:
(1)     a notification by the Administrative Agent to (or the request by the Lead Borrower to the Administrative Agent to notify) each of the other parties hereto that at least five currently outstanding Dollar-denominated syndicated credit facilities at such time contain (as a result of amendment or as originally executed) a SOFR-based rate (including SOFR, a term SOFR or any other rate based upon SOFR) as a benchmark rate (and such syndicated credit facilities are identified in such notice and are publicly available for review), and
(2)    the joint election by the Administrative Agent and the Lead Borrower to trigger a fallback from the London Interbank Offered Rate and the provision, as applicable, by the Administrative Agent of written notice of such election to the Lead Borrower and the Banks.
“EEA Financial Institution” means (a) any credit institution or investment firm established in any EEA Member Country which is subject to the supervision of an EEA Resolution Authority, (b) any entity established in an EEA Member Country which is a parent of an institution described in clause (a) of this definition or (c) any financial institution established in an EEA Member Country which is a subsidiary of an institution described in clauses (a) or (b) of this definition and is subject to consolidated supervision with its parent.
“EEA Member Country” means any of the member states of the European Union, Iceland, Liechtenstein and Norway.
“EEA Resolution Authority” means any public administrative authority or any Person entrusted with public administrative authority of any EEA Member Country (including any delegee) having responsibility for the resolution of any EEA Financial Institution.
“Effective Date” means the date this Agreement becomes effective in accordance with Section 3.1.
“Electronic Signature” means an electronic sound, symbol or process attached to, or associated with, a contract or other record and adopted by a Person with the intent to sign, authenticate or accept such contract or record.

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“Emissions Intensity” means, for any fiscal year of Trane Parent, the greenhouse gas emissions intensity of Trane Parent and its Subsidiaries for such fiscal year, measured as (i) Greenhouse Gas Emissions for such fiscal year, divided by (ii) the aggregate number of Dollar millions of sales of Trane Parent and its Subsidiaries for such fiscal year (calculated to the nearest two decimal places, rounded upwards if necessary).
“Environmental Laws” means any and all federal, state, local and foreign statutes, laws, regulations, ordinances, rules, judgments, orders, decrees, permits, concessions, grants, franchises, licenses, agreements or other governmental restrictions relating to the environment or to emissions, discharges or releases of pollutants (including greenhouse gases), contaminants, petroleum or petroleum products, chemicals or industrial, toxic or hazardous substances or wastes into the environment including, without limitation, ambient air, surface water, ground water, or land, or otherwise relating to the manufacture, processing, distribution, use, treatment, storage, disposal, transport or handling of pollutants, contaminants, petroleum or petroleum products, chemicals or industrial, toxic or hazardous substances or wastes or the clean-up or other remediation thereof.
“Equity-Linked Subordinated Debentures” has the meaning assigned to such term in the definition of the term “Consolidated Debt” in this Section 1.1.
“ERISA” means the Employee Retirement Income Security Act of 1974, as amended, or any successor statute.
“ERISA Group” means Trane Parent and all trades or businesses (whether or not incorporated) that, together, are treated as a single employer under Section 414(b) or (c) of the Internal Revenue Code or, solely for purposes of Section 302 of ERISA and Section 412 of the Internal Revenue Code, are treated as a single employer under Section 414(m) of the Internal Revenue Code.
“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.
“EURIBO Rate” means, with respect to any Euro-CurrencyTerm Benchmark Borrowing denominated in Euro and for any Interest Period, the EURIBO Screen Rate at approximately 11:00 A.M., Brussels time, two TARGET Days prior to the commencement of such Interest Period; provided that if the EURIBO Screen Rate shall not be available at such time for such Interest Period (an “Impacted Interest Period”) with respect to Euro, then the EURIBO Rate shall be the Interpolated Rate.
“EURIBO Screen Rate” means, for any day and time, with respect to any Euro-CurrencyTerm Benchmark Borrowing denominated in Euro and for any Interest Period, the euro interbank offered rate administered by the European Money Markets Institute (or any other Person that takes over the administration of such rate) for the relevant Interest Period displayed (before any correction, recalculation or republication by the administrator) on page EURIBOR01 of the Thomson Reuters screen (or any replacement Thomson Reuters page which displays that rate) or on the appropriate page of such other information services which publishes that rate from time to time in place of Thomson Reuters.  If such page or service ceases to be available, the Administrative Agent may specify another page or service displaying the relevant rate after consultation with the Lead Borrower.  If the EURIBO Screen Rate as so determined would be less than zero, such rate shall be deemed to be zero for purposes of this Agreement.
“Euro” and “€” mean the single currency of the Participating Member States.

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“Euro-Currency Lending Office” means, as to each Bank, its office, branch or Affiliate located at its address set forth in its Administrative Questionnaire (or identified in its Administrative Questionnaire as its Euro-Currency Lending Office) and/or one or more other offices, branches or Affiliates of such Bank as it may hereafter designate as its Euro-Currency Lending Office by notice to the Lead Borrower and the Administrative Agent.
“Euro-Currency Loan” means a Committed Loan denominated in Dollars or in a Foreign Currency to be made by a Bank as a “Euro-Currency Loan” in accordance with the applicable Notice of Committed Borrowing.
“Euro-Currency Margin” has the meaning set forth in Section 2.7(g).
“Euro-Currency Reserve Percentage” means a fraction (expressed as a decimal), (a) the numerator of which is the number one and (b) the denominator of which is the number one minus the aggregate of the maximum reserve percentage (including any marginal, special, emergency or supplemental reserves) expressed as a decimal established by the Board to which the Administrative Agent is subject with respect to the Adjusted London Interbank Offered Rate and the Adjusted EURIBO Rate, for eurocurrency funding (currently referred to as “Eurocurrency liabilities” in Regulation D).  Such reserve percentage shall include those imposed pursuant to Regulation D.  Euro-Currency Loans shall be deemed to constitute eurocurrency funding and to be subject to such reserve requirements without benefit of or credit for proration, exemptions or offsets that may be available from time to time to any Bank under Regulation D or any comparable regulation.  The Euro-Currency Reserve Percentage shall be adjusted automatically on and as of the effective date of any change in any reserve percentage.
“Euro Loans” has the meaning set forth in Section 2.1(b).
“Event of Default” has the meaning set forth in Section 6.1.
“Exchange Rate” means, as to any currency on a particular date, the rate at which such currency may be exchanged into Dollars or the relevant Foreign Currency in London on a spot basis, as set forth on the Reuters world currency page applicable to such currency as reasonably determined by the Administrative Agent.  In the event that such rate does not appear on any Reuters display page, the Exchange Rate with respect to such currency shall be determined by reference to such other publicly available service for displaying exchange rates as may be agreed upon by the Administrative Agent and the Lead Borrower or, in the absence of such agreement, such Exchange Rate shall instead be determined by reference to the Administrative Agent’s spot rate of exchange quoted to prime banks in the interbank market where its foreign currency exchange operations in respect of the relevant Foreign Currency are then being conducted, at or about noon, local time, at such date for the purchase of Dollars with such Foreign Currency (or such Foreign Currency with Dollars, as applicable), for delivery on a spot basis; provided, however, that if at the time of any such determination, for any reason, no such spot rate is being quoted and no other methods for determining the Exchange Rate can be determined as set forth above, the Administrative Agent may use any reasonable method it deems applicable to determine such rate, and such determination shall be conclusive absent manifest error.
“Excluded Taxes” means, with respect to the Administrative Agent, any Bank or any other recipient of any payment to be made by or on account of any obligation of a Borrower or any Additional Borrower hereunder or under any Loan Document, (a) income or franchise Taxes imposed on (or measured by) its net income by the United States of America, or by the jurisdiction under the laws of which such recipient is organized or in which its principal office is located or, in the case of any Bank, in which its applicable lending office is located, or that are imposed as a result of a present or former connection between such recipient and the jurisdiction 

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imposing such Tax (other than connections arising from such recipient having executed, delivered, become a party to, performed its obligations under, received payments under, received or perfected a security interest under, engaged in any other transaction pursuant to or enforced any Loan Document, or sold or assigned an interest in any Loan or Loan Document), (b) any branch profits Taxes imposed by the United States of America or the jurisdiction in which any Borrower or any Additional Borrower is located or any similar Tax imposed by any other jurisdiction in which such recipient is located, (c) in the case of a Bank, any U.S. Federal or Ireland withholding Tax that is imposed on amounts payable to such Bank pursuant to any law in effect at the time such Bank becomes a party to this Agreement (or designates a new lending office), except to the extent that such Bank (or its assignor, if any) was entitled, at the time of designation of a new lending office (or assignment), to receive additional amounts from any Borrower or any Additional Borrower with respect to such withholding Tax pursuant to Section 2.15(a), (d) Taxes attributable to a recipient’s failure to comply with Section 2.15(f);, (e) any withholding Taxes imposed under FATCA; and (f) in the case of any Bank that is not a Qualifying Bank, any withholding tax imposed on amounts payable by Trane Ireland to such Bank.
“Existing Termination Date” has the meaning set forth in Section 2.22(a).
“Extension Effective Date” has the meaning set forth in Section 2.22(a).
“FASB” means the Financial Accounting Standards Board.
“FATCA” means Sections 1471 through 1474 of the Internal Revenue Code, as of the date of this Agreement (or any amended or successor version that is substantively comparable and not materially more onerous to comply with), any current or future regulations or official interpretations thereof and any agreements entered into pursuant to Section 1471(b)(1) of the Internal Revenue Code and any law, regulation, rule, promulgation or official agreement implementing an official government agreement with respect to the foregoing.
“FCA” has the meaning set forth in Section 1.6.
“Federal Funds Rate” means, for any day, the rate calculated by the NYFRB based on such day’s federal funds transactions by depositary institutions, as determined in such manner as shall be set forth on the Federal Reserve Bank of New York’s Website from time to time, and published on the next succeeding Business Day by the NYFRB as the effective federal funds rate; provided that if the Federal Funds Rate as so determined would be less than zero, such rate shall be deemed to be zero for purposes of this Agreement.
“Federal Reserve Bank of New York’s Website” means the website of the NYFRB at http://www.newyorkfed.org or any successor source.
“Fee Letters” means, collectively, the fee letters, dated as of May 14, 2020, among the Borrowers and the Joint Lead Arrangers in respect of the credit facility provided under this Agreement.
“Fixed Rate Loans” means Euro-CurrencyTerm Benchmark Loans or Money Market Loans (excluding Money Market LIBORSOFR/EURIBOR/SONIA Loans bearing interest at the Base Rate pursuant to Section 8.1) or any combination of the foregoing.
“Floor” means the benchmark rate floor, if any, provided in this Agreement initially (as of the execution of this Agreement, the modification, amendment or renewal of this Agreement or otherwise) with respect to the London Interbank Offered RateAdjusted Term SOFR Rate, the Adjusted EURIBO Rate, each Adjusted Daily Simple RFR or the 

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EURIBOCentral Bank Rate, as applicable.  For the avoidance of doubt, the initial Floor for each of the Adjusted Term SOFR Rate, the Adjusted EURIBO Rate, each Adjusted Daily Simple RFR and the Central Bank Rate shall be 0.00%.
“Foreign Bank” means, with respect to any Borrower or any Additional Borrower, any Bank that is organized under the laws of a jurisdiction other than that in which such Borrower or the applicable Additional Borrower is located for tax purposes.  For purposes of this definition, the United States of America, each State thereof and the District of Columbia shall be deemed to constitute a single jurisdiction.
“Foreign Currency” means Sterling or Euros.
“Foreign Currency Equivalent” at any time as to any amount denominated in Dollars, the equivalent amount in the relevant Foreign Currency or Foreign Currencies as determined by the Administrative Agent at such time on the basis of the Exchange Rate for the purchase of such Foreign Currency or Foreign Currencies with Dollars on the date of determination thereof.
“Foreign Currency Loans” means Loans denominated in a Foreign Currency.
“GAAP” means generally accepted accounting principles in the United States of America.
“Governmental Authority” means any nation or government, any state or other political subdivision thereof and any entity exercising executive, legislative, judicial, regulatory or administrative functions of or pertaining to government.
“Greenhouse Gas Emissions” means, for any fiscal year of Trane Parent, the aggregate metric tons of absolute Scope 1 and market-based Scope 2 GHG emissions of Trane Parent and its Subsidiaries during such fiscal year.
“Guarantors” means, collectively, (a) with respect to the Obligations of Trane Global, Trane Ireland or any Additional Borrower, the Lead Borrower, (b) with respect to the Obligations of the Lead Borrower or any Additional Borrower, Trane Global and Trane Ireland, (c) with respect to the Obligations of Trane Global, Trane Ireland, (d) with respect to the Obligations of Trane Ireland, Trane Global, (e) with respect to the Obligations of any Borrower or any Additional Borrower, each Additional Borrower (other than with respect to its own Obligations) and (f) with respect to the Obligations of any Borrower or Additional Borrower, (i) Trane Parent, (ii) any Person that guarantees any outstanding Public Debt of Trane Parent or Trane Global (or any of their assignees) and (iii) any Person that guarantees the 2018 52022 5-Year Existing Credit Agreement.  “Guarantor” means any one of them.
“Hedging Agreement” means any agreement with respect to any swap, forward, future or derivative transaction, or any option or similar agreement, involving, or settled by reference to, one or more rates, currencies, commodities, equity or debt instruments or securities, or economic, financial or pricing indices or measures of economic, financial or pricing risk or value or any similar transaction or any combination of the foregoing transactions.
“Impacted Interest Period” has the meaning assigned to such term in the definition of the term “EURIBO Rate” or in the definition of the term “London Interbank Offered Rate”, as applicable, in this Section 1.1.
“Incremental LC Participations” has the meaning set forth in Section 2.20(a)(iii)(B)(2).

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“Indemnified Taxes” means Taxes other than Excluded Taxes.
“Indemnitee” has the meaning set forth in Section 9.3(b).
“Interest Period” means:  (a) with respect to each Euro-CurrencyTerm Benchmark Borrowing, the period commencing on the date of such Borrowing and ending one, three or six months thereafter, as the applicable Borrower or the applicable Additional Borrower may elect in the applicable Notice of Borrowing; provided that:
(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, subject to clause (iii) below, end on the last Business Day of such calendar month; and
(iii) any Interest Period that would otherwise end after the Termination Date shall end on the Termination Date;
(b) with respect to each Base Rate Borrowing, the period commencing on the date of such Borrowing and ending 90 days thereafter; provided that:
(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; and
(ii) any Interest Period that would otherwise end after the Termination Date shall end on the Termination Date;
(c) with respect to each Money Market LIBORSOFR/EURIBOR/SONIA Borrowing, the period commencing on the date of such Borrowing and ending seven days or one, three, six or twelve months thereafter as the applicable Borrower may elect in accordance with Section 2.3; provided that:
(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, subject to clause (iii) below, end on the last Business Day of such calendar month; and
(iii) any Interest Period that would otherwise end after the Termination Date shall end on the Termination Date; and
(d) with respect to each Money Market Absolute Rate Borrowing, the period commencing on the date of such Borrowing and ending such number of days thereafter as the applicable Borrower may elect in accordance with Section 2.3; provided that:

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(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; and
(ii) no Interest Period shall end after the Termination Date.
“Internal Revenue Code” means the Internal Revenue Code of 1986, as amended.
“Interpolated Rate” means, at any time, for any Interest Period, the rate per annum (rounded to the same number of decimal places as the LIBO Screen Rate or the EURIBO Screen Rate, as applicable) determined by the Administrative Agent (which determination shall be conclusive and binding absent manifest error) to be equal to the rate that results from interpolating on a linear basis between: (a) in the case of any determination denominated in Dollars, (i) the LIBO Screen Rate for the longest period (for which the LIBO Screen Rate is available for Dollars) that is shorter than the Impacted Interest Period (as defined in the definition of “London Interbank Offered Rate”); and (ii) the LIBO Screen Rate for the shortest period (for which that LIBO Screen Rate is available in Dollars) that exceeds the Impacted Interest Period (as defined in the definition of “London Interbank Offered Rate”), in each case, at such time; and (b) in the case of any determination denominated in Euro, (i) the EURIBO Screen Rate for the longest period (for which the EURIBO Screen Rate is available for Euro) that is shorter than the Impacted Interest Period (as defined in the definition of “EURIBO Rate”); and (ii) the EURIBO Screen Rate for the shortest period (for which that EURIBO Screen Rate is available in Euro) that exceeds the Impacted Interest Period (as defined in the definition of “EURIBO Rate”), in each case, at such time.
“Invitation for Money Market Quotes” has the meaning set forth in Section 2.3(c).
“IRS” means the United States Internal Revenue Service.
“ISDA Definitions” means the 2006 ISDA Definitions published by the International Swaps and Derivatives Association, Inc. or any successor thereto, as amended or supplemented from time to time, or any successor definitional booklet for interest rate derivatives published from time to time by the International Swaps and Derivatives Association, Inc. or such successor thereto.
“Issuing Bank” means (a) each of Bank of America, N.A., BNP Paribas and Mizuho Bank, Ltd. and (b) any other Bank selected by the Borrowers that agrees to act as an issuer of Letters of Credit hereunder and such Bank’s successors in such capacity.  Each Issuing Bank may, in its discretion, arrange for one or more Letters of Credit to be issued by Affiliates of such Issuing Bank, in which case the term “Issuing Bank” shall include any such Affiliate with respect to Letters of Credit issued by such Affiliate.
“Joint Lead Arrangers” means, collectively, JPMorgan Chase Bank, N.A., Citibank, N.A., BofA Securities, Inc., BNP Securities Corp. and Mizuho Bank, Ltd., in their respective capacities as joint lead arrangers and joint bookrunners in respect of the credit facility provided under this Agreement.
“Judgment Currency” has the meaning set forth in Section 9.12(b).
“KPI Metrics” mean, collectively, (i) Percentage of Women in Management and (ii) Emissions Intensity.
“KPI Metrics Auditor” means Lloyd's Register Group Limited, together with its subsidiaries and affiliates, or any replacement auditor thereof as designated from time to time by the Lead Borrower; provided that any such replacement KPI Metrics Auditor (a) shall be (i) a 

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nationally recognized auditing firm or (ii) another auditing firm designated by the Lead Borrower and identified to the Banks, so long as Banks constituting the Required Banks do not object to such designation pursuant to this clause (a)(ii) within 5 Business Days after notice thereof, and (b) shall apply substantially the same auditing standards and methodology for confirming Greenhouse Gas Emissions as reported in the 2020 Standard for Sustainability Reporting, except for any changes to such standards and/or methodology that (i) are consistent with then generally accepted industry standards or (ii) if not so consistent, are proposed by the Lead Borrower and notified to the Banks, so long as Banks constituting Required Banks do not object to such changes within 5 Business Days after notice thereof.
“KPI Metrics Report” means, for any fiscal year, an annual report (it being understood that this annual report may take the form of the annual Sustainability Report) that sets forth each KPI Metric for such fiscal year.
“KPI Metric Target” means (i) for Percentage of Women in Management for any fiscal year of Trane Parent, the Percentage of Women in Management Target set forth on the Sustainability Table for such fiscal year and (ii) for Emissions Intensity for any fiscal year of Trane Parent, the Emissions Intensity Target set forth on the Sustainability Table for such fiscal year.
“KPI Metric Threshold” means (i) for Percentage of Women in Management for any fiscal year of Trane Parent, the Percentage of Women in Management Threshold set forth on the Sustainability Table for such fiscal year and (ii) for Emissions Intensity for any fiscal year of Trane Parent, the Emissions Intensity Threshold set forth on the Sustainability Table for such fiscal year.
“LC Disbursement” means a payment made by an Issuing Bank pursuant to a Letter of Credit.
“LC Exposure” means, at any time, the sum of (a) the aggregate undrawn amount of all outstanding Letters of Credit at such time plus (b) the aggregate amount of all LC Disbursements that have not yet been reimbursed by or on behalf of any Borrower or any Additional Borrower at such time.  The LC Exposure of any Bank at any time shall be its Applicable Percentage of the total LC Exposure at such time.
“Lead Borrower” means Trane Holdco.
“Lender-Related Person” has the meaning set forth in Section 9.3(c).
“Letter of Credit” means any letter of credit issued pursuant to this Agreement.  Letters of Credit may be denominated in Dollars or in a Foreign Currency.
“Liabilities” means any losses, claims (including intraparty claims), demands, damages or liabilities of any kind.
“LIBO Screen Rate” means, for any day and time, with respect to any Euro-Currency Borrowing denominated in Dollars and for any Interest Period, the London Interbank Offered Rate as administered by ICE Benchmark Administration (or any other Person that takes over the administration of such rate) for Dollars for a period equal in length to such Interest Period as displayed on such day and time on pages LIBOR01 or LIBOR02 of the Reuters screen that displays such rate (or, in the event such rate does not appear on a Reuters page or screen, on any successor or substitute page on such screen that displays such rate, or on the appropriate page of such other information service that publishes such rate from time to time as selected by the Administrative Agent in its reasonable discretion); provided that if the LIBO Screen Rate as 

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so determined would be less than zero, such rate shall be deemed to be zero for purposes of this Agreement.
“LIBOR/EURIBOR/SONIA Auction” means a solicitation of Money Market Quotes setting forth Money Market Margins based on the London Interbank Offered Rate, the EURIBO Rate or SONIA pursuant to Section 2.3.
“Lien” means, with respect to any asset, any mortgage, lien, pledge, charge, security interest or encumbrance of any kind in respect of such asset.  For the purposes of this Agreement, each of Trane Parent and its Subsidiaries shall be deemed to own subject to a Lien any asset that it has acquired or holds subject to the interest of a vendor or lessor under any conditional sale agreement, capital lease or other title retention agreement relating to such asset.
“Loan” means a Base Rate Loan, a Euro-CurrencyTerm Benchmark Loan or a Money Market Loan, and “Loans” means Base Rate Loans, Euro-CurrencyTerm Benchmark Loans, Money Market Loans or any combination of the foregoing.
“Loan Documents” means, collectively, this Agreement, any Notes and any Additional Borrower Agreements.
“Loan Party” means each Borrower, each Additional Borrower and each Guarantor.
“London Interbank Offered Rate” means, with respect to any Euro-Currency Borrowing denominated in Dollars and for any Interest Period, the LIBO Screen Rate at approximately 11:00 A.M., London time, two Business Days prior to the commencement of such Interest Period; provided that if the LIBO Screen Rate shall not be available at such time for such Interest Period (an “Impacted Interest Period”) with respect to Dollars, then the London Interbank Offered Rate shall be the Interpolated Rate.
“Material Adverse Effect” means a material adverse effect on the business, financial position or results of operations or property of Trane Parent and its Consolidated Subsidiaries, considered as a whole.
“Material Debt” means (i) any Public Debt and (ii) any Debt of any of the Borrowers, Trane Parent or any of their respective Subsidiaries, arising in one or more related or unrelated transactions after the date hereof, in each case in an aggregate principal amount exceeding $100,000,000.
“Material Plan” means at any time a Plan or Plans having aggregate Unfunded Liabilities in an amount which, if the Plan then terminated, would have a Material Adverse Effect, taking into account all members of the ERISA Group.
“Material Subsidiary” means (i) Thermo King Corporation, a Delaware corporation, Trane Inc., a Delaware corporation, and their respective successors and assigns, (ii) at any date, any other Restricted Subsidiary that on such date is encompassed by the definition of a “significant subsidiary” contained as of the date hereof in Regulation S-X of the Securities and Exchange Commission and (iii) any Additional Borrower and any Subsidiary that is a Guarantor.
“Maximum Incremental Participation Amount” has the meaning set forth in Section 2.20(a)(iii)(B)(2).
“Money Market Absolute Rate” has the meaning set forth in Section 2.3(d)(ii)(D).

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“Money Market Absolute Rate Loan” means a loan to be made by a Bank pursuant to an Absolute Rate Auction.
“Money Market Lending Office” means, as to each Bank, its Domestic Lending Office and/or one or more other offices, branches or Affiliates of such Bank as it may hereafter designate as its Money Market Lending Office by notice to the Lead Borrower and the Administrative Agent; provided that any Bank may from time to time by notice to the Lead Borrower and the Administrative Agent designate separate Money Market Lending Offices for its Money Market LIBORSOFR/EURIBOR/SONIA Loans, on the one hand, and its Money Market Absolute Rate Loans, on the other hand, in which case all references herein to the Money Market Lending Office of such Bank shall be deemed to refer to either or both of such offices, as the context may require.
“Money Market LIBORSOFR/EURIBOR/SONIA Loan” means a Loan to be made by a Bank pursuant to a LIBORSOFR/EURIBOR/SONIA Auction (including such a loan bearing interest at the Base Rate pursuant to Section 8.1).
“Money Market Loan” means a Money Market LIBORSOFR/EURIBOR/SONIA Loan or a Money Market Absolute Rate Loan.
“Money Market Margin” has the meaning set forth in Section 2.3(d)(ii)(C).
“Money Market Quote” means an offer by a Bank to make a Money Market Loan in accordance with Section 2.3.
“Money Market Quote Request” has the meaning set forth in Section 2.3(b).
“Moody’s” means Moody’s Investors Service, Inc.
“Mortgage” means, on any specified property, any mortgage, lien, pledge, charge or other security interest or encumbrance of any kind in respect of such property.
“Multiemployer Plan” means at any time an employee pension benefit plan within the meaning of Section 4001(a)(3) of ERISA to which any member of the ERISA Group is then making or accruing an obligation to make contributions.
“Non-Defaulting Bank” means, at any time, any Bank that is not a Defaulting Bank at such time.
“Notes” means promissory notes of any Borrower or any Additional Borrower, substantially in the form of Exhibit A hereto, evidencing the obligation of such Borrower or such Additional Borrower to repay the Loans, and “Note” means any one of such promissory notes issued hereunder.
“Notice of Borrowing” means a Notice of Committed Borrowing (as defined in Section 2.2) or a Notice of Money Market Borrowing (as defined in Section 2.3(f)).
“Notice of Committed Borrowing” has the meaning set forth in Section 2.2.
“Notice of Money Market Borrowing” has the meaning set forth in Section 2.3(f).
“NYFRB” means the Federal Reserve Bank of New York.

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“NYFRB Rate” means, for any day, the greater of (a) the Federal Funds Rate in effect on such day and (b) the Overnight Bank Funding Rate in effect on such day (or for any day that is not a Business Day, for the immediately preceding Business Day); provided that if none of such rates are published for any day that is a Business Day, the term “NYFRB Rate” means the rate for a federal funds transaction quoted at 11:00 A.M. (New York City time) on such day received by the Administrative Agent from a federal funds broker of recognized standing selected by it; provided, further, that if any of the aforesaid rates as so determined would be less than zero, then such rate shall be deemed to be zero for purposes of this Agreement.
“Obligations” means the unpaid principal of and interest on (including interest accruing after the maturity of the Loans and interest accruing after the filing of any petition in bankruptcy, or the commencement of any insolvency, reorganization or like proceeding, relating to any Borrower or any Additional Borrower, whether or not a claim for post-filing or post-petition interest is allowed in such proceeding) the Loans, the Letters of Credit and all other obligations and liabilities of any Borrower or any Additional Borrower to the Administrative Agent or to any Bank, whether direct or indirect, absolute or contingent, due or to become due, or now existing or hereafter incurred, which may arise under, out of, or in connection with, this Agreement, any Note or any other document made, delivered or given in connection herewith or therewith, whether on account of principal, interest, reimbursement obligations, fees, indemnities, costs, expenses (including all fees, charges and disbursements of counsel to the Administrative Agent or to any Bank that are required to be paid by the Borrowers pursuant hereto) or otherwise.
“OFAC” means the Office of Foreign Assets Control of the U.S. Department of the Treasury.
“Other Benchmark Rate Election” means, with respect to any Loan Denominated in Dollars, if the then-current Benchmark is the London Interbank Offered Rate, the occurrence of:
(a) a request by the Borrower to the Administrative Agent to notify each of the other parties hereto that, as the determination of the Parent Borrower, Dollar-denominated syndicated credit facilities at such time contain (as a result of amendment or as originally executed), in lieu of a LIBOR-based rate, a term benchmark rate as a benchmark rate; and
(b) the Administrative Agent, in its sole discretion, and the Parent Borrower jointly elect to trigger a fallback from the London Interbank Offered rate and the provision, as applicable, by the Administrative Agent of written notice of such election to the Parent Borrower and the Banks.
“Other Taxes” means any and all present or future stamp or documentary taxes or any other excise or property taxes, charges or similar levies arising from any payment made under any Loan Document or from the execution, delivery or enforcement of, or otherwise with respect to, this Agreement or any Loan Document; provided that, such term shall not include any of the foregoing taxes that result from the execution of an Assignment and Assumption Agreement or grant of a participation pursuant to Section 9.6(b), except to the extent that any such action is requested or required by any Loan Party.
“Overnight Bank Funding Rate” means, for any day, the rate comprised of both overnight federal funds and overnight eurocurrency borrowingseurodollar transactions denominated in Dollars by U.S.-managed banking offices of depositary institutions, as such composite rate shall be determined by the NYFRB as set forth on the Federal Reserve Bank of New York’s Website from time to time, and published on the next succeeding Business Day by the NYFRB as an overnight bank funding rate.

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“Overnight Rate” means, for any day, (a) with respect to any amount denominated in Dollars, the NYFRB Rate and (b) with respect to any amount denominated in a Foreign Currency, an overnight rate determined by the Administrative Agent in accordance with banking industry rules on interbank compensation.
“Parent” means, with respect to any Bank, any Person controlling such Bank.
“Participant” has the meaning set forth in Section 9.6(b).
“Participant Register” has the meaning set forth in Section 9.6(b).
“Participating Member States” means any member state of the European Union that has the euro as its lawful currency in accordance with legislation of the European Union relating to Economic and Monetary Union.
“Patriot Act” has the meaning set forth in Section 9.17.
“Payment” has the meaning set forth in Section 7.9(c).
“Payment Notice” has the meaning set forth in Section 7.9(c).
“PBGC” means the Pension Benefit Guaranty Corporation or any entity succeeding to any or all of its functions under ERISA.
“Percentage of Women in Management” means, for any fiscal year of Trane Parent, the percentage (calculated to the nearest 1/100th of 1%, rounded upwards, if necessary) of management positions (manager level, director level, vice president and above) at Trane Parent and its Subsidiaries that are held by women, measured on the last day of such fiscal year.
“Permitted Investments” means:
(a) direct obligations of, or obligations the principal of and interest on which are unconditionally guaranteed by, the United States of America (or by any agency thereof to the extent such obligations are backed by the full faith and credit of the United States of America), in each case maturing within one year from the date of acquisition thereof;
(b) investments in commercial paper maturing within 270 days from the date of acquisition thereof and having, at such date of acquisition, the highest credit rating obtainable from S&P or from Moody’s;
(c) investments in certificates of deposit, bankers’ acceptances and time deposits maturing within 180 days from the date of acquisition thereof issued or guaranteed by or placed with, and money market deposit accounts issued or offered by, any commercial bank that has a combined capital and surplus and undivided profits of not less than $500,000,000;
(d) fully collateralized repurchase agreements with a term of not more than 30 days for securities described in clause (a) above and entered into with a financial institution satisfying the criteria described in clause (c) above; and
(e) money market funds that (i) for US domestic funds comply with the criteria set forth in Securities and Exchange Commission Rule 2a-7 under the Investment Company Act of 1940, as amended, (ii) are rated AAA by S&P and Aaa by Moody’s and (iii) have portfolio assets of at least $2,500,000,000.

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“Person” means an individual, a corporation, a limited liability company, a partnership, an association, a trust or any other entity or organization, including a government or political subdivision or an agency or instrumentality thereof.
“Plan” means at any time an employee pension benefit plan (other than a Multiemployer Plan) which is covered by Title IV of ERISA or subject to the minimum funding standards under Section 412 of the Internal Revenue Code or Section 302 of ERISA and is sponsored, maintained, or contributed to, by any member of the ERISA Group for employees of any member of the ERISA Group.
“Pricing Certificate” means a certificate substantially in the form of Exhibit E executed by the chief executive officer, chief operating officer, chief financial officer, treasurer, assistant treasurer, controller or senior vice president of finance of the Lead Borrower (1) attaching a true and correct copy of the KPI Metrics Report for the most recently ended fiscal year of Trane Parent, (2) setting forth the Percentage of Women in Management and the Greenhouse Gas Emissions for such fiscal year, and the calculation of the Emissions Intensity for such fiscal year, (3) confirming that the Sustainability Report for such fiscal year includes a link to the KPI Metrics Auditor’s assurance statement regarding the Greenhouse Gas Emissions for such fiscal year, and (4) setting forth in reasonable detail the Sustainability Rate Adjustment and Sustainability Fee Adjustment to apply upon delivery of such Pricing Certificate.
“Prime Rate” means the rate of interest per annum last quoted by The Wall Street Journal as the “prime rate” in the United States or, if The Wall Street Journal ceases to quote such rate, the highest per annum interest rate published by the Board in Federal Reserve Statistical Release H.15 (519) (Selected Interest Rates) as the “bank prime loan” rate or, if such rate is no longer quoted therein, any similar rate quoted therein (as determined by the Administrative Agent) or any similar release by the Board (as determined by the Administrative Agent).  Each change in the Prime Rate shall be effective from and including the date such change is publicly announced or quoted as being effective.
“Principal Property” means any manufacturing plant or other manufacturing facility of Trane Parent, any Borrower or any Restricted Subsidiary, as the case may be, which plant or facility is located within the United States of America, except any such plant or facility that Trane Parent’s or any Borrower’s board of directors by resolution declares is not of material importance to the total business conducted by Trane Parent, the Borrowers and the Restricted Subsidiaries.
“Process Agent” has the meaning set forth in Section 9.8.
“Protesting Bank” has the meaning set forth in Section 2.16(b).
“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 Debt” means any publicly traded notes, bonds, debentures or similar indebtedness set forth in (a) Trane Parent’s Form 10-K for the most recently ended fiscal year or (b) any filings by Trane Parent on Form 10-Q or Form 8-K made after the end of the most recently ended fiscal year.
“QFC” has the meaning assigned to the term “qualified financial contract” in, and shall be interpreted in accordance with, 12 U.S.C. § 5390(c)(8)(D).
“QFC Credit Support” has the meaning set forth in Section 9.20.

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“Qualifying Bank” means a Bank which is beneficially entitled to the interest payable to that Bank in respect of an advance under this Agreement and is:
(a) a bank within the meaning of section 246(1) TCA which is carrying on a bona fide banking business in Ireland for the purposes of section 246(3)(a) TCA and whose office which entered into this Agreement is located in Ireland; or
(b) a body corporate:
(i) which is resident for the purposes of tax in a Relevant Territory (residence for these purposes is to be determined in accordance with the laws of the Relevant Territory of which the Bank claims to be resident) where that Relevant Territory imposes a tax which corresponds to Irish income tax or Irish corporation tax and which generally applies to interest receivable in that Relevant Territory or payable into an account located in that Relevant Territory by bodies corporate from sources outside that Relevant Territory; or
    (ii) where interest payable under this Agreement:
(A) is exempted from the charge to income tax under a tax treaty in force between Ireland and the country in which the Bank is resident for tax purposes; or
(B) would be exempted from the charge to income tax under a tax treaty signed between Ireland and the country in which the Bank is resident for tax purposes if such tax treaty had the force of law by virtue of section 826(1) TCA;
except where interest is paid under this Agreement to the body corporate in connection with a trade or business which is carried on by it in Ireland through a branch or agency; or
(c) a company that is incorporated in the U.S. and taxed in the U.S. on its worldwide income except where interest is paid under this Agreement to the U.S. company in connection with a trade or business which is carried on by it in Ireland through a branch or agency; or
(d) a U.S. limited liability company (“LLC”), where the ultimate recipients of the interest payable under this Agreement are Qualifying Banks within paragraphs (b) or (c) of this definition and the business conducted through the LLC is so structured for market reasons and not for tax avoidance purposes, except where interest is paid under this Agreement to the LLC or the ultimate recipients of the interest in connection with a trade or business which is carried on by it or them in Ireland through a branch or agency; or
(e) a qualifying company within the meaning of section 110 TCA where such Bank has given written confirmation to Trane Ireland of the foregoing and whose office which entered into this Agreement is located in Ireland.
“Ratings” means the ratings of Moody’s and S&P applicable to Trane plc’s long-term senior unsecured debt.
“Reallocated Letter of Credit” has the meaning set forth in Section 2.20(a)(iii).

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“Reference Time” with respect to any setting of the then-current Benchmark means (a) if such Benchmark is the London Interbank OfferedTerm SOFR Rate, 11:005:00 A.M. (LondonChicago time) on the day that is two London banking daysU.S. Government Securities Business Days preceding the date of such setting, (b) if such Benchmark is the EURIBO Rate, 11:00 A.M. Brussels time two TARGET Days preceding the date of such setting, (c) if thesuch Benchmark is SONIA, then four Business Days prior to such setting or, (d) if such Benchmark is Daily Simple SOFR, then four Business Days prior to such setting, or (e) if such Benchmark is none of the London Interbank OfferedTerm SOFR Rate, the EURIBO Rate or, SONIA or Daily Simple SOFR, the time determined by the Administrative Agent in its reasonable discretion.
“Refunding Borrowing” means a Committed Borrowing which, after application of the proceeds thereof, results in no net increase in the outstanding principal amount of Committed Loans made by any Bank.
“Register” has the meaning set forth in Section 9.6(g).
“Regulation D” means Regulation D of the Board, as in effect from time to time.
“Regulation T” means Regulation T of the Board, as in effect from time to time.
“Regulation U” means Regulation U of the Board, as in effect from time to time.
“Regulation X” means Regulation X of the Board, as in effect from time to time.
“Related Parties” means, with respect to any specified Person, such Person’s Affiliates and the respective directors, officers, employees, partners, trustees, administrators, agents and advisors of such Person and such Person’s Affiliates.
“Relevant Governmental Body” means (a) with respect to a Benchmark Replacement in respect of Loans denominated in Dollars, the Board and/or the NYFRB, or a committee officially endorsed or convened by the Board and/or the NYFRB or, in each case, any successor thereto, (b) with respect to a Benchmark Replacement in respect of Loans denominated in Sterling, the Bank of England, or a committee officially endorsed or convened by the Bank of England or, in each case, any successor thereto, (c) with respect to a Benchmark Replacement in respect of Loans denominated in Euros, the European Central Bank, or a committee officially endorsed or convened by the European Central Bank or, in each case, any successor thereto and (d) with respect to a Benchmark Replacement in respect of Loans denominated in any other currency, (i) the central bank for the currency in which such Benchmark Replacement is denominated or any central bank or other supervisor which is responsible for supervising either (A) such Benchmark Replacement or (B) the administrator of such Benchmark Replacement or (ii) any working group or committee officially endorsed or convened by (A) the central bank for the currency in which such Benchmark Replacement is denominated, (B) any central bank or other supervisor that is responsible for supervising either (1) such Benchmark Replacement or (2) the administrator of such Benchmark Replacement, (C) a group of those central banks or other supervisors or (D) the Financial Stability Board or any part thereof.
“Relevant Rate” means (a) with respect to any Euro-CurrencyTerm Benchmark Borrowing or Money Market SOFR/EURIBOR/SONIA Borrowing denominated in Dollars, the London Interbank OfferedAdjusted Term SOFR Rate, (b) with respect to any Euro-CurrencyTerm Benchmark Borrowing or Money Market SOFR/EURIBOR/SONIA Borrowing denominated in Euro, the Adjusted EURIBO Rate and (c) with respect to any RFR Borrowing denominated in Sterling or Dollars, the applicable Adjusted Daily Simple RFR, as applicable.

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“Relevant Screen Rate” means (a) with respect to any Borrowing denominated in Dollars, the LIBO ScreenTerm SOFR Reference Rate and (b) with respect to any Borrowing denominated in Euro, the EURIBO Screen Rate.
“Relevant Territory” means:
(a) a member state of the European Union (other than Ireland);or
(b) not being such a member state, a country with which Ireland has a tax treaty in force by virtue of section 826(1) TCA; or
(c) not being a territory referred to in clause (a) or (b) above, a country with which Ireland has signed such a tax treaty which will come into force once the procedures set out in section 826(1) TCA have been completed.
“Required Banks” means, at any time, Banks having at least a majority of the aggregate amount of the Commitments or, if the Commitments shall have been terminated, holding Loans evidencing at least a majority of the aggregate unpaid principal amount of the Loans.
“Reset Date” has the meaning set forth in Section 1.5(a).
“Resolution Authority” means an EEA Resolution Authority or, with respect to any UK Financial Institution, a UK Resolution Authority.
“Restricted Subsidiary” means any Subsidiary, excluding any Subsidiary the greater part of the operating assets of which are located or the principal business of which is carried on outside of the United States of America.
“Revolving Exposure” means, at any time, the aggregate principal amount of Loans then outstanding together with the aggregate amount of LC Exposure at such time.  The amount of Revolving Exposure, at any time, shall not exceed the amount of total Commitments at such time.
“RFR Borrowing” means any Borrowing comprised of RFR Loans.
“RFR Business Day” means, for any Loan denominated in (a) Sterling, any day except for (ai) a Saturday or, (ii) a Sunday or (biii) a day on which banks are closed for general business in London, and (b) Dollars, a U.S. Government Securities Business Day.
“RFR Interest Day” has the meaning set forth in the definition of “Daily Simple RFR”.
“RFR Loan” means a Loan that bears interest at a rate determined by reference to the Adjusted Daily Simple RFR.
“RFR Margin” has the meaning set forth in Section 2.7(g).
“S&P” means Standard & Poor’s Financial Services LLC.
“Sale and Leaseback Transaction” means an arrangement with any Person for the leasing by Trane Parent, any Borrower or a Restricted Subsidiary (except for temporary leases for a term of not more than three years and, in the case of a Restricted Subsidiary, a lease to Trane Parent, any Borrower or another Restricted Subsidiary) of any Principal Property (whether 

30

now owned or hereafter acquired), which Principal Property has been or is to be sold or transferred by Trane Parent, any Borrower or such Restricted Subsidiary to such Person.
“SOFR” means, with respect to any day, a rate per annum equal to the secured overnight financing rate for such day publishedas administered by the SOFR Administrator.
“SOFR/EURIBOR/SONIA Auction” means a solicitation of Money Market Quotes setting forth Money Market Margins based on the Adjusted Term SOFR Administrator’s Website on the immediately succeeding Business DayRate, the Adjusted EURIBO Rate or the Adjusted Daily Simple RFR for SONIA Borrowings pursuant to Section 2.3.
“SOFR Administrator” means the NYFRB (or any successor administrator of the secured overnight financing rate).
“SOFR Administrator’s Website” means the NYFRB’s website, currently at http://www.newyorkfed.org, or any successor source for the secured overnight financing rate identified as such by the SOFR Administrator from time to time.
“SONIA” means, with respect to any day, a rate per annum equal to the Sterling Overnight Index Average for such day published by the SONIA Administrator on the SONIA Administrator’s Website on the immediately succeeding Business Day.
“SONIA Administrator” means the Bank of England (or any successor administrator of the Sterling Overnight Index Average).
“SONIA Administrator’s Website” means the Bank of England’s website, currently at http://www.bankofengland.co.uk, or any successor source for the Sterling Overnight Index Average identified as such by the SONIA Administrator from time to time.
“Statutory Reserve Percentage” means a fraction (expressed as a decimal), (a) the numerator of which is the number one and (b) the denominator of which is the number one minus the aggregate of the maximum reserve percentage (including any marginal, special, emergency or supplemental reserves) expressed as a decimal established by the Board to which the Administrative Agent is subject with respect to the Adjusted EURIBO Rate, for eurocurrency funding (currently referred to as “Eurocurrency liabilities” in Regulation D).  Such reserve percentage shall include those imposed pursuant to Regulation D.  Term Benchmark Loans shall be deemed to constitute eurocurrency funding and to be subject to such reserve requirements without benefit of or credit for proration, exemptions or offsets that may be available from time to time to any Bank under Regulation D or any comparable regulation.  The Statutory Reserve Percentage shall be adjusted automatically on and as of the effective date of any change in any reserve percentage.
“Sterling” or “₤” mean the lawful currency of the United Kingdom.
“Subsequent Parent Company” shall be the Person that becomes the owner, directly or indirectly, of 100% of the ordinary issued share capital of, or otherwise merges, amalgamates or consolidates with, Trane plc (or, if applicable, the existing Subsequent Parent Company) in a transaction where the direct or indirect holders of the ordinary issued share capital of Trane plc (or, if applicable, the existing Subsequent Parent Company) that are entitled to vote generally in the election of the board of directors of such company immediately following such transaction are substantially the same as the holders of such capital stock immediately prior to the consummation of such transaction, so long as such Person (1) executes and delivers a copy of this Agreement (whereupon such Person shall become a party to this Agreement with the same 

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force and effect as if such Person had executed this Agreement as “Trane Parent” on the Effective Date), (2) becomes a Guarantor pursuant to the terms of Section 9.16(j) hereof and (3) is organized under the laws of Ireland, the Grand Duchy of Luxembourg, the United States of America (or any State thereof or the District of Columbia) or any other jurisdiction that is, after consultation with the Banks, reasonably satisfactory to the Administrative Agent (it being understood that, upon the consummation of such transaction and compliance with the requirements set forth in the immediately preceding clauses (1), (2) and (3), the existing Subsequent Parent Company shall no longer be “Trane Parent” for purposes of this Agreement). Notwithstanding the foregoing, on and after such time as a Subsequent Parent Company shall become a party hereto, Trane plc and each Person that, prior to such time, was the Subsequent Parent Company shall continue to be bound by the covenants set forth in Sections 5.6, 5.7 and 5.9 as if it were Trane Parent.
“Subsidiary” means any corporation or other entity of which securities or other ownership interests having ordinary voting power to elect a majority of the board of directors or other persons performing similar functions are at the time directly or indirectly owned by Trane Parent or by the Lead Borrower, as applicable.
“Supported QFC” has the meaning set forth in Section 9.20.
“Sustainability Fee Adjustment” means, with respect to any Pricing Certificate for any fiscal year of Trane Parent, subject to the terms of Section 2.23(c), an amount (whether positive, negative or zero), expressed as a percentage, equal to the sum of:
(a) to the extent that the Percentage of Women in Management reported in such Pricing Certificate is (1) greater than or equal to the KPI Metric Target for Percentage of Women in Management for such fiscal year, negative five one-thousandths of one percent (-0.005%) per annum, (2) less than the KPI Metric Target for Percentage of Women in Management for such fiscal year but greater than or equal to the KPI Metric Threshold for Percentage of Women in Management for such fiscal year, zero percent (0%) per annum, and (3) less than the KPI Metric Threshold for Percentage of Women in Management for such fiscal year (or if the Percentage of Women in Management metric is not reported in such Pricing Certificate for such fiscal year), positive five one-thousandths of one percent (0.005%) per annum, plus
(b) to the extent that the Emissions Intensity reported in such Pricing Certificate is (1) less than or equal to the KPI Metric Target for Emissions Intensity for such fiscal year, negative five one-thousandths of one percent (-0.005%) per annum, (2) greater than the KPI Metric Target for Emissions Intensity for such fiscal year but less than or equal to the KPI Metric Threshold for Emissions Intensity for such fiscal year, zero percent (0%) per annum, and (3) greater than the KPI Metric Threshold for Emissions Intensity for such fiscal year (or if the Percentage of Women in Management metric is not reported in such Pricing Certificate for such fiscal year), positive five one-thousandths of one percent (0.005%) per annum.
“Sustainability Pricing Adjustment Date” has the meaning specified in Section 2.23(a).
“Sustainability Rate Adjustment” means, with respect to any Pricing Certificate for any fiscal year of Trane Parent, subject to the terms of Section 2.23(c), an amount (whether positive, negative or zero), expressed as a percentage, equal to the sum of:
(a) to the extent that the Percentage of Women in Management reported in such Pricing Certificate is (1) greater than or equal to the KPI Metric Target for Percentage of Women in Management for such fiscal year, negative two and one-half one-hundredths of one percent (-0.025%), (2) less than the KPI Metric Target for Percentage of Women in Management for 

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such fiscal year but greater than or equal to the KPI Metric Threshold for Percentage of Women in Management for such fiscal year, zero percent (0%), and (3) less than the KPI Metric Threshold for Percentage of Women in Management for such fiscal year (or if the Percentage of Women in Management metric is not reported in such Pricing Certificate for such fiscal year), positive two and one-half one-hundredths of one percent (0.025%), plus
(b) to the extent that the Emissions Intensity reported in such Pricing Certificate is (1) less than or equal to the KPI Metric Target for Emissions Intensity for such fiscal year, negative two and one-half one-hundredths of one percent (-0.025%), (2) greater than the KPI Metric Target for Emissions Intensity for such fiscal year but less than or equal to the KPI Metric Threshold for Emissions Intensity for such fiscal year, zero percent (0%), and (3) greater than the KPI Metric Threshold for Emissions Intensity for such fiscal year (or if the Emissions Intensity metric is not reported in such Pricing Certificate for such fiscal year), positive two and one-half one-hundredths of one percent (0.025%).
“Sustainability Report” means the annual ESG Report publicly reported by Trane Parent and published on an Internet or intranet website to which each Bank and the Administrative Agent have been granted access free of charge (or at the expense of the Borrowers).
“Sustainability Structuring Agents” means J.P. Morgan Securities LLC and BNP Paribas, each in its capacity as sustainability structuring agent hereunder, and its successors in such capacity, and “Sustainability Structuring Agent” means any of the foregoing.
“Sustainability Table” means the Sustainability Table set forth on Schedule II.
“Syndication Agent” means Citibank, N.A., in its capacity as syndication agent for the Banks hereunder, and its successors in such capacity.
“TARGET2” means the Trans-European Automated Real-time Gross Settlement Express Transfer payment system which utilizes a single shared platform and which was launched on November 19, 2007.
“TARGET Day” means any day on which TARGET2 (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.
“Taxes” means any and all present or future taxes, levies, imposts, duties, deductions, assessments, fees or other charges or withholdings imposed by any Governmental Authority, including any interest, additions to tax or penalties applicable thereto.
“TCA” means the Taxes Consolidated Act 1997 of Ireland (as amended).

“Term SOFR” means, for the applicable Corresponding Tenor as of the applicable Reference Time, the forward-looking term rate based on SOFR that has been selected or recommended by the Relevant Governmental BodyBenchmark Lending Office” means, as to each Bank, its office, branch or Affiliate located at its address set forth in its Administrative Questionnaire (or identified in its Administrative Questionnaire as its Term Benchmark Lending Office) and/or one or more other offices, branches or Affiliates of such Bank as it may hereafter designate as its Term Benchmark Lending Office by notice to the Lead Borrower and the Administrative Agent.

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“Term Benchmark Loan” means a Committed Loan denominated in Dollars or in a Foreign Currency to be made by a Bank as a “Term Benchmark Loan” in accordance with the applicable Notice of Committed Borrowing.
“Term Benchmark Margin” has the meaning set forth in Section 2.7(g).
“Term SOFR Rate” means, with respect to any Term Benchmark Borrowing denominated in Dollars and for any tenor comparable to the applicable Interest Period, the Term SOFR Reference Rate at approximately 5:00 A.M. (Chicago time) two U.S. Government Securities Business Days prior to the commencement of such tenor comparable to the applicable Interest Period, as such rate is published by the CME Term SOFR Administrator.

“Term SOFR NoticeReference Rate”   means a notification by the Administrative Agent to the Banks, for any day and time (such day, the Lead Borrower of the occurrence of a “Term SOFR Transition Event.
“Term SOFR Transition Event” means the determinationDetermination Day”), with respect to any Term Benchmark Borrowing denominated in Dollars and for any tenor comparable to the applicable Interest Period, the rate per annum published by the CME Term SOFR Administrator and identified by the Administrative Agent that (a) Term SOFR has been recommended for use by the Relevant Governmental Bodyas the forward-looking term rate based on SOFR.  If by 5:00 P.M. (New York City time) on such Term SOFR Determination Day, (b) the administration of “Term SOFR is administratively feasible for the Administrative Agent and (c) a Benchmark Transition Event or an Early Opt-in Election, as applicable (and, for the avoidance of doubt, not in the case of an Other Benchmark Rate Election), has previously occurred resulting inReference Rate” for the applicable tenor has not been published by the CME Term SOFR Administrator and a Benchmark Replacement in accordanceDate with Section 8.1 that is notrespect to the Term SOFR Rate has not occurred, then, so long as such day is otherwise a U.S. Government Securities Business Day, the Term SOFR Reference Rate for such Term SOFR Determination Day will be the Term SOFR Reference Rate as published in respect of the first preceding U.S. Government Securities Business Day for which such Term SOFR Reference Rate was published by the CME Term SOFR Administrator, so long as such first preceding U.S. Government Securities Business Day is not more than five U.S. Government Securities Business Days prior to such Term SOFR Determination Day.
“Termination Date” means June 18, 2026, or, if such day is not a Business Day, the next preceding Business Day, or such later date pursuant to an extension under Section 2.22.
“Termination Date Extension Request” means a request by the Borrowers, in the form of Exhibit J hereto or such other form as shall be approved by the Administrative Agent, for the extension of the Termination Date pursuant to Section 2.22.
“Trane Global” has the meaning set forth in the preamble hereto.
“Trane Holdco” has the meaning set forth in the preamble hereto.
“Trane Ireland” has the meaning set forth in the preamble hereto.
“Trane Irish Holdings” means Trane Technologies Irish Holdings Unlimited Company.

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“Trane Parent” means, except as otherwise expressly provided herein and except as the context may otherwise require, (x) until such time as a Subsequent Parent Company shall become a party hereto, Trane plc or (y) the Subsequent Parent Company.
“Trane plc” has the meaning set forth in the preamble hereto.
“TTC LLC” means Trane Technologies Company LLC, a Delaware limited liability company.
“UK Financial Institution” means any BRRD Undertaking (as such term is defined under the PRA Rulebook (as amended from time to time) promulgated by the United Kingdom Prudential Regulation Authority) or any Person falling within IFPRU 11.6 of the FCA Handbook (as amended from time to time) promulgated by the United Kingdom Financial Conduct Authority, which includes certain credit institutions and investment firms, and certain affiliates of such credit institutions or investment firms.
“UK Resolution Authority” means the Bank of England or any other public administrative authority having responsibility for the resolution of any UK Financial Institution.
“Unadjusted Benchmark Replacement” means the applicable Benchmark Replacement excluding the related Benchmark Replacement Adjustment.
“Unfunded Liabilities” means, with respect to any Plan during the term of this Agreement, the amount (if any) by which (a) the present value of all accrued benefits under such Plan exceeds (b) the fair market value of all Plan assets allocable to such benefits (excluding any accrued but unpaid contributions), all determined on the basis of a Plan termination as of the then most recent valuation date for such Plan, but only to the extent that such excess represents a potential liability of a member of the ERISA Group to the PBGC or any other Person under Title IV of ERISA.
“U.S. Borrower” means (a) Trane Holdco, (b) Trane Global and (c) any Additional Borrower that is a U.S. Person.
“U.S. Government Securities Business Day” means any day except for (a) a Saturday, (b) a Sunday or (c) a day on which the Securities Industry and Financial Markets Association recommends that the fixed income departments of its members be closed for the entire day for purposes of trading in United States government securities.
“U.S. Person” means a “United States person” within the meaning of Section 7701(a)(30) of the Internal Revenue Code.
“U.S. Special Resolution Regimes” has the meaning assigned to such term in Section 9.20.
“U.S. Tax Compliance Certificate” has the meaning assigned to such term in Section 2.15(f)(ii)(C).
“Withholding Agent” means any Borrower or the Administrative Agent.
“Write-Down and Conversion Powers” means (a) with respect to any EEA Resolution Authority, the write-down and conversion powers of such EEA Resolution Authority from time to time under the Bail-In Legislation for the applicable EEA Member Country, which write-down and conversion powers are described in the EU Bail-In Legislation Schedule and (b) with respect to the United Kingdom, any powers of the applicable Resolution Authority under 

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the Bail-In Legislation to cancel, reduce, modify or change the form of a liability of any UK Financial Institution or any contract or instrument under which that liability arises, to convert all or part of that liability into shares, securities or obligations of that Person or any other Person, to provide that any such contract or instrument is to have effect as if a right had been exercised under it or to suspend any obligation in respect of that liability or any of the powers under that Bail-In Legislation that are related to or ancillary to any of those powers.
SECTION 1.2    Accounting Terms and Determinations.  Unless otherwise specified herein, all accounting terms used herein shall be interpreted, all accounting determinations hereunder shall be made and all financial statements required to be delivered hereunder shall be prepared in accordance with GAAP as in effect from time to time, applied on a basis consistent (except for changes concurred in by Trane Parent’s independent public accountants) with the most recent audited consolidated financial statements of Trane Parent and its Consolidated Subsidiaries delivered to the Banks; provided that (x) if Trane Parent or the Lead Borrower notifies the Administrative Agent that it wishes to amend any covenant in Article V to eliminate the effect of any change in GAAP on the operation of such covenant (or if the Administrative Agent notifies Trane Parent or the Lead Borrower that the Required Banks wish to amend Article V for such purpose), then the compliance by Trane Parent, the Borrowers and the Additional Borrowers, to the extent applicable, with such covenant shall be determined on the basis of GAAP in effect immediately before the relevant change in GAAP became effective, until either such notice is withdrawn or such covenant is amended in a manner satisfactory to Trane Parent, the Borrowers and the Additional Borrowers, to the extent applicable, and the Required Banks, and (y) for purposes of determining Consolidated Net Worth, GAAP as in effect at the time of and as used to prepare the financial statements referred to in Section 4.4(a) hereof shall be used for such determination, notwithstanding any change in GAAP after the date of such financial statements; provided that Consolidated Net Worth shall be determined excluding the effect of goodwill impairment charges, net of Taxes, to the extent that such effect would not otherwise have been included in such determination but for the application of FASB Accounting Standards Codification 350 (formerly Statement of Financial Accounting Standards 142).  Notwithstanding any other provision contained herein, all terms of an accounting or financial nature used herein shall be construed, and all computations of amounts and ratios referred to herein shall be made, without giving effect to any election under FASB Accounting Standards Codification 825-10-25 (formerly Statement of Financial Accounting Standards 159, The Fair Value Option for Financial Assets and Financial Liabilities), or any successor thereto, to value any Debt of Trane Parent, the Borrowers or any other Subsidiary at “fair value”, as defined therein.  Notwithstanding anything to the contrary contained in this Agreement, any change in accounting for leases pursuant to GAAP resulting from the adoption of Financial Accounting Standards Board Accounting Standards Update No. 2016-02 , Leases (Topic 842) (“FAS 842”), to the extent such adoption would require treating any lease (or similar arrangement conveying the right to use) as a capital lease where such lease (or similar arrangement) would not have been required to be so treated under GAAP as in effect on December 31, 2015, shall not result in such lease being considered a capital lease, and all calculations and deliverables under this Agreement or any other Loan Document shall be made or delivered, as applicable, in accordance therewith.
SECTION 1.3    Types of Borrowings.  The term “Borrowing” denotes the aggregation of Loans of one or more Banks to be made to any Borrower or any Additional Borrower pursuant to Article II on a single date and for a single Interest Period.  Borrowings are classified for purposes of this Agreement either by reference to the pricing of Loans comprising such Borrowing (e.g., a “Euro-CurrencyTerm Benchmark Borrowing” is a Borrowing comprised of Euro-CurrencyTerm Benchmark Loans) or by reference to the provisions of Article II under which participation therein is determined (i.e., a “Committed Borrowing” is a Borrowing under Section 2.1 in which all Banks participate in proportion to their Commitments, 

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while a “Money Market Borrowing” is a Borrowing under Section 2.3 in which the Bank participants are determined on the basis of their bids in accordance therewith).
SECTION 1.4    Terms Generally.  The definitions of terms herein shall apply equally to the singular and plural forms of the terms defined.  Whenever the context may require, any pronoun shall include the corresponding masculine, feminine and neuter forms.  The words “include”, “includes” and “including” shall be deemed to be followed by the phrase “without limitation”.  The word “will” shall be construed to have the same meaning and effect as the word “shall”.  The words “asset” and “property” shall be construed to have the same meaning and effect and to refer to any and all real and personal, tangible and intangible assets and properties, including cash, securities, accounts and contract rights.  The word “law” shall be construed as referring to all statutes, rules, regulations, codes and other laws (including official rulings and interpretations thereunder having the force of law), and all judgments, orders, writs and decrees binding on the applicable Persons, of all Governmental Authorities.  Unless the context requires otherwise, (a) any definition of or reference to any agreement, instrument or other document (including this Agreement and the other Loan Documents) 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), (b) any definition of or reference to any statute, rule or regulation shall be construed as referring thereto as from time to time amended, supplemented or otherwise modified (including by succession of comparable successor laws), (c) any reference herein to any Person shall be construed to include such Person’s successors and assigns (subject to any restrictions on assignment set forth herein) and, in the case of any Governmental Authority, any other Governmental Authority that shall have succeeded to any or all functions thereof, (d) the words “herein”, “hereof” and “hereunder”, and words of similar import, shall be construed to refer to this Agreement in its entirety and not to any particular provision hereof and (e) all references herein to Articles, Sections, Exhibits and Schedules shall be construed to refer to Articles and Sections of, and Exhibits and Schedules to, this Agreement.
SECTION 1.5    Exchange Rates; Reset Dates.  (a) At approximately 10:00 A.M. (New York City time) or as close to such time as is reasonably practicable, on each Calculation Date, the Administrative Agent shall (i) determine the Exchange Rate as of such Calculation Date with respect to each Foreign Currency in which any outstanding Loan, any outstanding Letter of Credit or any unreimbursed LC Disbursement is denominated and (ii) give notice thereof to the Banks and the Lead Borrower.  The Exchange Rates so determined shall become effective on the first Business Day immediately following the relevant Calculation Date (a “Reset Date”), shall remain effective until the next succeeding Reset Date and shall for all purposes of this Agreement (other than converting into Dollars under Sections 2.18(d), (e), (h), (i) and (j) the obligations of the Borrowers and the Additional Borrowers and the Banks in respect of LC Disbursements that have not been reimbursed when due) be the Exchange Rates employed in converting any amounts between the applicable currencies.
(b)    At approximately 10:00 A.M. (New York City time) or as close to such time as is reasonably practicable, on each Reset Date, the Administrative Agent shall (i) determine the aggregate amount of the Dollar Equivalents of (A) the principal amounts of the Foreign Currency Loans then outstanding (after giving effect to any Foreign Currency Loans made or repaid on such date) and (B) the LC Exposure on such date (after giving effect to any Letters of Credit denominated in a Foreign Currency issued, renewed or terminated or requested to be issued, renewed or terminated on such date) and (ii) notify the Lead Borrower of the results of such determination.
SECTION 1.6    Interest Rates; LIBORBenchmark Notification.  The interest rate on Loans denominated in Dollars or a Foreign Currency may be derived from an interest rate benchmark that may be discontinued or is, or may in the future become, the subject of 

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regulatory reform. Regulators have signaled the need to use alternative benchmark reference rates for some of these interest rate benchmarks and, as a result, such interest rate benchmarks may cease to comply with applicable laws and regulations, may be permanently discontinued, and/or the basis on which they are calculated may change.  The London interbank offered rate is intended to represent the rate at which contributing banks may obtain short-term borrowings from each other in the London interbank market.  On March 5, 2021, the U.K. Financial Conduct Authority (“FCA”) publicly announced that: (a) immediately after December 31, 2021, publication of all seven Euro London interbank offered rate settings, the overnight, 1-week, 2-month and 12-month Sterling London interbank offered rate settings, and the 1-week and 2-month Dollar London interbank offered rate settings will permanently cease; (b) immediately after June 30, 2023, publication of the overnight and 12-month Dollar London interbank offered rate settings will permanently cease; (c) immediately after December 31, 2021, the 1-month, 3-month and 6-month Sterling London interbank offered rate settings will cease to be provided or, subject to consultation by the FCA, be provided on a changed methodology (or “synthetic”) basis and no longer be representative of the underlying market and economic reality they are intended to measure and that representativeness will not be restored; and (d) immediately after June 30, 2023, the 1-month, 3-month and 6-month Dollar London interbank offered rate settings will cease to be provided or, subject to the FCA’s consideration of the case, be provided on a synthetic basis and no longer be representative of the underlying market and economic reality they are intended to measure and that representativeness will not be restored.  There is no assurance that dates announced by the FCA will not change or that the administrator of the London interbank offered rate and/or regulators will not take further action that could impact the availability, composition, or characteristics of the London interbank offered rate or the currencies and/or tenors for which the London interbank offered rate is published.  Each party to this Agreement should consult its own advisors to stay informed of any such developments.  Public and private sector industry initiatives are currently underway to identify new or alternative reference rates to be used in place of the London interbank offered rate.  Upon the occurrence of a Benchmark Transition Event, a Term SOFR Transition Event, an Early Opt-in Election or an Other Benchmark Rate Election, SectionsSection 8.1(b) and 8.1(c) provideprovides a mechanism for determining an alternative rate of interest.  The Administrative Agent will promptly notify the Borrowers, pursuant to Section 8.1(e), of any change to the reference rate upon which the interest rate on Euro-Currency Loans is based.  However, the Administrative Agent does not warrant or accept any responsibility for, and shall not have any liability with respect to, the administration, submission, performance or any other matter related to the Daily Simple RFR, the London interbank offeredany interest rate or other ratesused in the definition of the EURIBO Ratethis Agreement, or with respect to any alternative or successor rate thereto, or replacement rate thereof, (including, without limitation, (a) any such alternative, successor or replacement rate implemented pursuant to Section 8.1(b) or 8.1(c), whether upon the occurrence of a Benchmark Transition Event, a Term SOFR Transition Event, an Early Opt-in Election or an Other Benchmark Rate Election, and (b) the implementation of any Benchmark Replacement Conforming Changes pursuant to Section 8.1(d)), including, without limitation, whether the composition or characteristics of any such alternative, successor or replacement reference rate will be similar to, or produce the same value or economic equivalence of, the Daily Simple RFR, the London Interbank Offered Rate or the EURIBO Rate, as applicable,existing interest rate being replaced or have the same volume or liquidity as did the London interbank marketany existing interest rate prior to theits discontinuance or unavailability or such rate.  The Administrative Agent and its Affiliates and/or other related entities may engage in transactions that affect the calculation of any Daily Simple RFR, interest rate used in this Agreement or any alternative, successor or alternative rate (including any Benchmark Replacement) and/or any relevant adjustments thereto, in each case, in a manner adverse to any Borrower orthe Borrowers and the Additional BorrowerBorrowers.  The Administrative Agent may select information sources or services in its reasonable discretion to ascertain SONIA, Daily Simple RFR, the London Interbank Offered Rate or the EURIBO Rateany interest rate used in this Agreement, any component thereof, or rates referenced in the definition thereof, in each case 

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pursuant to the terms of this Agreement, and shall have no liability to any Borrower, any LenderAdditional Borrower, any Bank or any other Person for damages of any kind, including direct or indirect, special, punitive, incidental or consequential damages, costs, losses or expenses (whether in tort, contract or otherwise and whether at law or in equity), for any error or calculation of any such rate (or component thereof) provided by any such information source or service.
SECTION 1.7    Divisions.  For all purposes under the Loan Documents, in connection with any division or plan of division under Delaware law (or any comparable event under a different jurisdiction’s laws), (a) if any asset, right, obligation or liability of any Person becomes the asset, right, obligation or liability of a different Person, then it shall be deemed to have been transferred from the original Person to the subsequent Person, and (b) if any new Person comes into existence, such new Person shall be deemed to have been organized and acquired on the first date of its existence by the holders of its capital stock at such time.
ARTICLE II
THE CREDITS

SECTION 2.1    Commitments to Lend.  (a) During the Availability Period, each Bank severally agrees, on the terms and conditions set forth in this Agreement, to make loans in Dollars to any Borrower or any Additional Borrower pursuant to this Section from time to time in amounts such that the Dollar Equivalent of the Revolving Exposure by such Bank at any one time outstanding shall not exceed the amount of its Commitment.  All Loans made under this Section 2.1(a) shall be either Base Rate Loans or Term Benchmark Loans (it being understood that such Loans may be converted to RFR Loans in accordance with Section 8.1(f)).  Each Borrowing under this Section shall be in an aggregate principal amount of $10,000,000 or any larger multiple of $1,000,000 (except that any such Borrowing may be in the aggregate amount available in accordance with Section 3.2(b)) and shall be made from the several Banks ratably in proportion to their respective Available Commitments.  Within the foregoing limits, any Borrower or any Additional Borrower may borrow under this Section, repay, or to the extent permitted by Section 2.11, prepay Loans and reborrow at any time during the Availability Period under this Section.
(b)    During the Availability Period, each Bank severally agrees, on the terms and conditions set forth in this Agreement, to make loans in a Foreign Currency (“Euro Loans”) to any Borrower or any Additional Borrower pursuant to this Section from time to time in amounts such that (i) the Dollar Equivalent of the aggregate principal amount of Committed Loans by such Bank at any one time outstanding shall not exceed the amount of its Commitment and (ii) the Dollar Equivalent of the Revolving Exposure by such Bank at any one time outstanding shall not exceed the amount of its Commitment.  All Euro Loans denominated in (A) Euro shall be Euro-CurrencyTerm Benchmark Loans and (B) Sterling shall be RFR Loans.  Each Borrowing under this Section shall be in an aggregate principal amount of the Foreign Currency Equivalent of $10,000,000 or any larger multiple of the Foreign Currency Equivalent of $1,000,000 (except that any such Borrowing may be in the aggregate amount available in accordance with Section 3.2(b)) and shall be made from the several Banks ratably in proportion to their respective Available Commitments.  Within the foregoing limits, any Borrower or any Additional Borrower may borrow under this Section, repay, or to the extent permitted by Section 2.11, prepay Loans and reborrow at any time during the Availability Period under this Section.  It is expressly understood and agreed among the parties hereto that any and all Euro Loan Borrowings made pursuant to Section 2.1(b) hereof shall constitute utilizations of the Banks’ Commitments hereunder and shall reduce the Available Commitment of the Banks accordingly.

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SECTION 2.2    Notice of Committed Borrowings.  Any Borrower or any Additional Borrower, as applicable, shall give the Administrative Agent notice (a “Notice of Committed Borrowing”) (w) at its New York address not later than 11:00 A.M. (New York City time) on the date of each Base Rate Borrowing, (x) at its New York address not later than 11:00 A.M. (New York City time) on the third U.S. Government Securities Business Day before each Euro-CurrencyTerm Benchmark Borrowing denominated in Dollars, (y) at its London address not later than 11:00 A.M. (London time) on the third Business Day before each Euro-CurrencyTerm Benchmark Borrowing denominated in Euro and (z) at its London address not later than 11:00 A.M. (London time) on the fifth Business Day before each RFR Borrowing, specifying:
(a)    the date of such Borrowing, which shall be a Business Day,
(b)    the aggregate amount of such Borrowing and whether such Borrowing is to be denominated in Dollars or a Foreign Currency (and if a Foreign Currency, identifying which Foreign Currency),
(c)    in the case of Loans to be made in Dollars, whether the Loans comprising such Borrowing are to be Base Rate Loans or Euro-CurrencyTerm Benchmark Loans, and
(d)    in the case of a Fixed Rate Borrowing, the duration of the Interest Period applicable thereto, subject to the provisions of the definition of Interest Period.
If no election as to the pricing of Loans comprising any Borrowing denominated in Dollars is specified, then the requested Borrowing shall be a Euro-CurrencyTerm Benchmark Borrowing with an Interest Period of one month’s duration.  If no Interest Period is specified with respect to any requested Euro-CurrencyTerm Benchmark Borrowing, then the applicable Borrower or Additional Borrower shall be deemed to have selected an Interest Period of one month’s duration.
SECTION 2.3    Money Market Borrowings.  (a)   The Money Market Option.  In addition to Committed Borrowings pursuant to Section 2.1, any Borrower or Additional Borrower may, as set forth in this Section, request that the Banks, during the Availability Period, make offers to make Money Market Loans to such Borrower or Additional Borrower, as applicable.  The Banks may, but shall have no obligation to, make such offers and the applicable Borrower or Additional Borrower may, but shall have no obligation to, accept any such offers in the manner set forth in this Section.  Any Borrower or Additional Borrower may request that the Banks make Money Market Loans denominated in Dollars or in any Foreign Currency; provided, however, that at no time may any Borrower or Additional Borrower request that the Banks make Money Market Loans so as to cause the amount of the Revolving Exposure to exceed the amount of the total Commitments.
(b)    Money Market Quote Request.  When any Borrower or Additional Borrower wishes to request offers to make Money Market Loans under this Section, it shall transmit to the Administrative Agent by facsimile or electronic transmission a Money Market Quote Request substantially in the form of Exhibit B hereto (a “Money Market Quote Request”) so as to be received no later than 11:00 A.M. (New York City time) at the Administrative Agent’s New York facsimile number, and, in the case of Money Market Loans to be denominated in a Foreign Currency, so as to be received no later than 11:00 A.M. (London time) by email to the Administrative Agent at gerard.t.capano@chase.com on (w) the fourth Business Day prior to the date of Borrowing proposed therein, in the case of a LIBORSOFR/EURIBOR/SONIA Auction to be denominated in Dollars, (x) the fourth Business Day prior to the date of Borrowing proposed therein, in the case of a LIBORSOFR/EURIBOR/SONIA Auction to be 

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denominated in a Foreign Currency, (y) the second Business Day prior to the date of Borrowing proposed therein, in the case of an Absolute Rate Auction to be denominated in a Foreign Currency or (z) the second Business Day prior to the date of Borrowing proposed therein, in the case of an Absolute Rate Auction to be denominated in Dollars (or, in any case, such other time or date as such Borrower or Additional Borrower, as applicable, and the Administrative Agent shall have mutually agreed and shall have notified to the Banks, which date is not later than the date of the Money Market Quote Request for the first LIBORSOFR/EURIBOR/SONIA Auction or Absolute Rate Auction for which such change is to be effective) specifying:
(i)    the proposed date of Borrowing, which shall be a Business Day,
(ii)    the aggregate amount of such Borrowing, which shall be subject to the provisions of Section 2.3(a) and shall be $10,000,000 (or the Foreign Currency Equivalent thereof, in the case of Money Market Loans to be denominated in a Foreign Currency) or a larger multiple of $1,000,000 (or the Foreign Currency Equivalent thereof, in the case of Money Market Loans to be denominated in a Foreign Currency),
(iii)    in the case of any such Borrowing denominated in Dollars or Euro, the duration of the Interest Period applicable thereto, subject to the provisions of the definition of Interest Period,
(iv)    whether the Money Market Quotes requested are to set forth a Money Market Margin or a Money Market Absolute Rate and
(v)    the Applicable Currency in which the proposed Borrowing is to be denominated.
Any Borrower or Additional Borrower may request offers to make Money Market Loans for more than one Interest Period in a single Money Market Quote Request.  No Money Market Quote Request shall be given within five Business Days (or such other number of days as the requesting Borrower or Additional Borrower, as applicable, and the Administrative Agent may agree) of any other Money Market Quote Request.
(c)    Invitation for Money Market Quotes.  Promptly upon receipt of a Money Market Quote Request, the Administrative Agent shall send to the Banks by facsimile or electronic transmission an invitation for Money Market Quotes substantially in the form of Exhibit C hereto (an “Invitation for Money Market Quotes”), which shall constitute an invitation by the requesting Borrower or Additional Borrower, as applicable, to each Bank to submit Money Market Quotes offering to make the Money Market Loans to which such Money Market Quote Request relates in accordance with this Section.
(d)    Submission and Contents of Money Market Quotes. (i)  Each Bank may submit a Money Market Quote containing an offer or offers to make Money Market Loans in response to any Invitation for Money Market Quotes.  Each Money Market Quote must comply with the requirements of this subsection (d) and must be submitted to the Administrative Agent by facsimile or electronic transmission at its offices specified in or pursuant to Section 9.1 not later than (w) 9:30 A.M. (London time) on the third Business Day prior to the proposed date of Borrowing, in the case of a LIBORSOFR/EURIBOR/SONIA Auction to be denominated in a Foreign Currency, (x) 9:30 A.M. (New York City time) on the third Business Day prior to the proposed date of Borrowing, in the case of a LIBORSOFR/EURIBOR/SONIA Auction to be denominated in Dollars, (y) 9:30 A.M. (New York City time) on the first Business Day prior to the proposed date of Borrowing, in the case of an Absolute Rate Auction to be denominated in Dollars or (z) 9:30 A.M. (London time) on the first Business Day prior to the proposed date of 

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Borrowing, in the case of an Absolute Rate Auction to be denominated in a Foreign Currency (or, in any case, such other time or date as the requesting Borrower or Additional Borrower, as applicable, and the Administrative Agent shall have mutually agreed and shall have notified to the Banks not later than the date of the Money Market Quote Request for the first LIBORSOFR/EURIBOR/SONIA Auction or Absolute Rate Auction for which such change is to be effective); provided that Money Market Quotes submitted by the Administrative Agent (or any affiliate of the Administrative Agent) in the capacity of a Bank may be submitted, and may only be submitted, if the Administrative Agent or such affiliate notifies the requesting Borrower or Additional Borrower, as applicable, of the terms of the offer or offers contained therein not later than 15 minutes prior to the deadline for the other Banks.  Subject to Articles III and VI, any Money Market Quote so made shall be irrevocable except with the written consent of the Administrative Agent given on the instructions of the requesting Borrower or Additional Borrower, as applicable.
(ii)    Each Money Market Quote shall be in substantially the form of Exhibit D hereto and shall in any case specify:
(A)    the proposed date of Borrowing,
(B)    the principal amount of the Money Market Loan for which each such offer is being made, which principal amount (w) may be greater than or less than the Commitment of the quoting Bank, (x) must be $10,000,000 (or the Foreign Currency Equivalent thereof, in the case of Money Market Loans to be denominated in a Foreign Currency) or a larger multiple of $1,000,000 (or the Foreign Currency Equivalent thereof, in the case of Money Market Loans to be denominated in a Foreign Currency), (y) may not exceed the principal amount of Money Market Loans for which offers were requested and (z) may be subject to an aggregate limitation as to the principal amount of Money Market Loans for which offers being made by such quoting Bank may be accepted,
(C)    in the case of a LIBORSOFR/EURIBOR/SONIA Auction, the margin above or below (1) the applicable London Interbank OfferedAdjusted Term SOFR Rate (in the case of Money Market Loans to be denominated in Dollars), (2) the applicable Adjusted EURIBO Rate (in the case of Money Market Loans to be denominated in Euro) or (3) the applicable Adjusted Daily Simple RFR for SONIA Borrowings (in the case of Money Market Loans to be denominated in Sterling) (the “Money Market Margin”) offered for each such Money Market Loan, expressed as a percentage (specified to the nearest 1/10,000th of 1%, rounded upwards, if necessary) to be added to or subtracted from such base rate,

(D)    in the case of an Absolute Rate Auction, the rate of interest per annum (specified to the nearest 1/10,000th of 1%, rounded upwards, if necessary) (the “Money Market Absolute Rate”) offered for each such Money Market Loan, and

(E)    the identity of the quoting Bank.

A Money Market Quote may set forth up to five separate offers by the quoting Bank with respect to each Interest Period specified in the related Invitation for Money Market Quotes.

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(iii)    Any Money Market Quote shall be disregarded if it:
(A)    is not substantially in conformity with Exhibit D hereto or does not specify all of the information required by subsection (d)(ii);
(B)    contains qualifying, conditional or similar language;
(C)    proposes terms other than or in addition to those set forth in the applicable Invitation for Money Market Quotes; or
(D)    arrives after the time set forth in subsection (d)(i).
(e)    Notice to Borrower.  The Administrative Agent shall promptly notify the requesting Borrower or Additional Borrower, as applicable, of the terms (x) of any Money Market Quote submitted by a Bank that is in accordance with subsection (d) and (y) of any Money Market Quote that amends, modifies or is otherwise inconsistent with a previous Money Market Quote submitted by such Bank with respect to the same Money Market Quote Request.  Any such subsequent Money Market Quote shall be disregarded by the Administrative Agent unless such subsequent Money Market Quote is submitted solely to correct a manifest error in such former Money Market Quote.  The Administrative Agent’s notice to such Borrower or Additional Borrower, as applicable, shall specify (A) the aggregate principal amount of Money Market Loans for which offers have been received for each Interest Period specified in the related Money Market Quote Request, (B) the respective principal amounts and Money Market Margins or Money Market Absolute Rates, as the case may be, so offered and (C) if applicable, limitations on the aggregate principal amount of Money Market Loans for which offers in any single Money Market Quote may be accepted.
(f)    Acceptance and Notice by Borrower.  Not later than 11:30 A.M. (New York City time or London time, as applicable) on (x) the date that Money Market Quotes are due pursuant to Section 2.3(d)(i), in the case of a LIBORSOFR/EURIBOR/SONIA Auction, or (y) the proposed date of Borrowing, in the case of an Absolute Rate Auction (or, in either case, such other time or date as the requesting Borrower or Additional Borrower, as applicable, and the Administrative Agent shall have mutually agreed and shall have notified to the Banks, which date shall not be later than the date of the Money Market Quote Request for the first LIBORSOFR/EURIBOR/SONIA Auction or Absolute Rate Auction for which such change is to be effective), such Borrower or Additional Borrower, as applicable, shall notify the Administrative Agent of its acceptance or non-acceptance of the offers so notified to it pursuant to subsection (e).  In the case of acceptance, such notice (a “Notice of Money Market Borrowing”) shall specify the aggregate principal amount of offers for each Interest Period that are accepted.  The requesting Borrower or Additional Borrower may accept any Money Market Quote in whole or in part; provided that:
(i)    the aggregate principal amount of each Money Market Borrowing may not exceed the applicable amount set forth in the related Money Market Quote Request,
(ii)    the principal amount of each Money Market Borrowing must be $10,000,000 (or the Foreign Currency Equivalent thereof, in the case of Money Market Loans to be denominated in a Foreign Currency) or a larger multiple of $1,000,000 (or the Foreign Currency Equivalent thereof, in the case of Money Market Loans to be denominated in a Foreign Currency),
(iii)    acceptance of offers may only be made on the basis of ascending Money Market Margins or Money Market Absolute Rates, as the case may be, and

43

(iv)    no Borrower or Additional Borrower may accept any offer that is described in subsection (d)(iii) or that otherwise fails to comply with the requirements of this Agreement (including the requirements of the third sentence of Section 2.3(a)).
(g)    Allocation by Administrative Agent.  If offers are made by two or more Banks with the same Money Market Margins or Money Market Absolute Rates, as the case may be, for a greater aggregate principal amount than the amount in respect of which such offers are accepted for the related Interest Period, the principal amount of Money Market Loans in respect of which such offers are accepted shall be allocated by the Administrative Agent among such Banks as nearly as possible (in multiples of $1,000,000 (or the Foreign Currency Equivalent thereof, in the case of Money Market Loans to be denominated in a Foreign Currency), as the Administrative Agent may deem appropriate) in proportion to the aggregate principal amounts of such offers.  Determinations by the Administrative Agent of the amounts of Money Market Loans shall be conclusive in the absence of manifest error.
SECTION 2.4    Notice to Banks; Funding of Loans.  (a)  Upon receipt of a Notice of Borrowing, the Administrative Agent shall promptly notify each Bank of the contents thereof and of such Bank’s share (if any) of such Borrowing and such Notice of Borrowing shall not thereafter be revocable by the requesting Borrower or Additional Borrower, as the case may be.  Each Bank at its option may make any Loan by causing any domestic or foreign branch or Affiliate of such Bank to make such Loan (subject to the provision by such branch or Affiliate, prior to such branch or Affiliate receiving any payments pursuant to the Loan Documents, of any documentation required pursuant to Section 2.15); provided that any exercise of such option shall not affect the obligation of the applicable Borrower or the applicable Additional Borrower to repay such Loan in accordance with the terms of this Agreement.
(b)    Not later than 12:30 P.M. (New York City time or London time, as applicable) on the date of each Borrowing, each Bank participating therein shall (except as provided in subsection (c) of this Section) make available its share of such Borrowing, in Federal or other funds immediately available in New York City or in London, as applicable, to the Administrative Agent at its address specified in or pursuant to Section 9.1 (or, in the case of any Borrowing denominated in a Foreign Currency, at such other address as the Administrative Agent may specify from time to time by written notice to the Lead Borrower and the Banks).  Unless the Administrative Agent determines that any applicable condition specified in Article III has not been satisfied, the Administrative Agent will make the funds so received from the Banks available in like funds to the applicable Borrower or the applicable Additional Borrower, as the case may be, at the Administrative Agent’s aforesaid address.  If any Bank makes a new Loan hereunder on a day on which the applicable Borrower or the applicable Additional Borrower, as the case may be, is to repay all or any part of an outstanding Loan from such Bank, such Bank shall apply the proceeds of its new Loan to make such repayment and only an amount equal to the difference (if any) between the amount being borrowed and the amount being repaid shall be made available by such Bank to the Administrative Agent as provided in this subsection (b), or remitted by the applicable Borrower or the applicable Additional Borrower to the Administrative Agent as provided in Section 2.12, as the case may be.
(c)    Unless the Administrative Agent shall have received notice from a Bank prior to the date (or, if a Base Rate Borrowing, the time) of any Borrowing that such Bank will not make available to the Administrative Agent such Bank’s share of such Borrowing, the Administrative Agent may assume that such Bank has made such share available to the Administrative Agent on the date of such Borrowing in accordance with subsection (b) of this Section 2.4 and the Administrative Agent may, in reliance upon such assumption, make available to the applicable Borrower or the applicable Additional Borrower, as the case may be, on such date a corresponding amount.  If and to the extent that such Bank shall not have so made such share available to the Administrative Agent, such Bank and such Borrower or such Additional 

44

Borrower, as the case may be, severally agree to repay to the Administrative Agent forthwith on demand such corresponding amount together with interest thereon, for each day from the date such amount is made available to such Borrower or such Additional Borrower, as the case may be, until the date such amount is repaid to the Administrative Agent, at a rate per annum equal to (i) in the case of such Bank, the greater of the applicable Overnight Rate and a rate determined by the Administrative Agent in accordance with banking industry rules on interbank compensation or (ii) in the case of such Borrower or Additional Borrower, the interest rate applicable to such Borrowing.  A certificate of the Administrative Agent submitted to any Bank with respect to any amounts owing under this paragraph shall be conclusive in the absence of manifest error.  If such Bank shall repay to the Administrative Agent such corresponding amount, such amount so repaid shall constitute such Bank’s Loan included in such Borrowing for purposes of this Agreement.
SECTION 2.5    Evidence of Debt.  (a)  Each Bank shall maintain in accordance with its usual practice an account or accounts evidencing indebtedness of the Borrowers and any Additional Borrower to such Bank resulting from the Loans of such Bank from time to time, including the amounts of principal and interest payable and paid to such Bank from time to time under this Agreement.
(b)    The Administrative Agent shall maintain the Register pursuant to Section 9.6(g), and a subaccount therein for each Bank, in which shall be recorded (i) the amount of each Loan made hereunder and each Interest Period applicable thereto, (ii) the amount of any principal or interest due and payable or to become due and payable from the Borrowers and any Additional Borrower to each Bank hereunder and (iii) both the amount of any sum received by the Administrative Agent hereunder from the Borrowers and any Additional Borrower and each Bank’s share thereof.
(c)    The entries made in the Register and the accounts of each Bank maintained pursuant to Section 2.5(b) shall, to the extent permitted by applicable law, be prima facie evidence of the existence and amounts of the obligations of the Borrowers and any Additional Borrower therein recorded; provided, however, that the failure of any Bank or the Administrative Agent to maintain the Register or any such account, or any error therein, shall not in any manner affect the obligation of the Borrowers or any Additional Borrower to repay (with applicable interest) any Loans made to the Borrowers or such Additional Borrower by such Bank in accordance with the terms of this Agreement.
(d)    Each Borrower and each Additional Borrower agree that, upon the request to the Administrative Agent by any Bank, such Borrower or such Additional Borrower will execute and deliver to such Bank a single Note of such Borrower or such Additional Borrower, as the case may be, evidencing any Loans of such Bank.
SECTION 2.6    Maturity of Loans.  Each Loan included in any Borrowing shall mature, and the principal amount thereof shall be due and payable, on the Termination Date.
SECTION 2.7    Interest Rates.  (a)  Each Base Rate Loan shall bear interest on the outstanding principal amount thereof, for each day from the date such Loan is made until it becomes due, at a rate per annum equal to the sum of the Base Rate for such day plus the applicable Base Rate Margin.  Such interest shall be payable quarterly in arrears on the last Business Day of each calendar quarter ending on March 31, June 30, September 30 and December 31 of each year and upon the date of termination of the Commitments in their entirety.  The Base Rate Margin will be (i) initially determined for any Base Rate Loan on the same date as the relevant Notice of Borrowing for such Base Rate Loan and (ii) reset on the first Business Day of each calendar quarter ending on March 31, June 30, September 30 and December 31 of each year.  Any overdue principal of or interest on any Base Rate Loan shall bear interest, 

45

payable on demand, for each day from and including the date payment thereof was due to but excluding the date of actual payment, at a rate per annum equal to the sum of 2% plus the rate otherwise applicable to Base Rate Loans for such day.
(b)    Each Euro-CurrencyTerm Benchmark Loan shall bear interest on the outstanding principal amount thereof, for the Interest Period applicable thereto, at a rate per annum equal to the sum of the applicable Euro-CurrencyTerm Benchmark Margin plus (i) in the case of a Euro-CurrencyTerm Benchmark Loan denominated in Dollars, the applicable Adjusted London Interbank OfferedTerm SOFR Rate and (ii) in the case of a Euro-CurrencyTerm Benchmark Loan denominated in Euro, the applicable Adjusted EURIBO Rate.  Such interest shall be payable for each Interest Period on the last day thereof and, if such Interest Period is longer than three months, at intervals of three months after the first day thereof.  Any overdue principal of or interest on any Euro-CurrencyTerm Benchmark Loan shall bear interest, payable on demand, for each day from and including the date payment thereof was due to but excluding the date of actual payment, at a rate per annum equal to the sum of 2% plus the Euro-CurrencyTerm Benchmark Margin plus the Adjusted London Interbank OfferedTerm SOFR Rate (in the case of a Euro-CurrencyTerm Benchmark Loan denominated in Dollars) or the Adjusted EURIBO Rate (in the case of a Euro-CurrencyTerm Benchmark Loan denominated in Euro) applicable to such Loan.
(c)    Each RFR Loan shall bear interest on the outstanding principal amount thereof, for each day from the date such Loan is made until it becomes due, at a rate per annum equal to the sum of the applicable Adjusted Daily Simple RFR for such day plus the applicable RFR Margin.  Such interest shall be payable in arrears on the date that is on the numerically corresponding day in each calendar month that is one month after the date of the Borrowing of which such RFR Loan is a part (or, if there is no such numerically corresponding day in such month, then the last day of such month) and upon the date of termination of the Commitments in their entirety.  Any overdue principal of or interest on any RFR Loan shall bear interest, payable on demand, for each day from and including the date payment thereof was due to but excluding the date of actual payment, at a rate per annum equal to the sum of 2% plus the rate otherwise applicable to RFR Loans for such day.
(d)    Each Money Market LIBORSOFR/EURIBOR/SONIA Loan denominated in Dollars or Euro shall bear interest on the outstanding principal amount thereof, for the Interest Period applicable thereto, at a rate per annum equal to the sum of the London Interbank OfferedAdjusted Term SOFR Rate (for a Money Market LIBORSOFR/EURIBOR/SONIA Loan denominated in Dollars) or the Adjusted EURIBO Rate (for a Money Market LIBORSOFR/EURIBOR/SONIA Loan denominated in Euro), in each case for such Interest Period (determined in accordance with Section 2.7(b) as if the related Money Market LIBORSOFR/EURIBOR/SONIA Borrowing were a Committed Euro-CurrencyTerm Benchmark Borrowing) plus (or minus) the Money Market Margin quoted by the Bank making such Loan in accordance with Section 2.3.  Each Money Market LIBORSOFR/EURIBOR/SONIA Loan denominated in Sterling shall bear interest on the outstanding principal amount thereof, for each day from the date such Loan is made until it becomes due, at a rate per annum equal to the sum of the applicable Adjusted Daily Simple RFR for such day plus (or minus) the Money Market Margin quoted by the Bank making such Loan in accordance with Section 2.3.  Each Money Market Absolute Rate Loan shall bear interest on the outstanding principal amount thereof, for the Interest Period applicable thereto, at a rate per annum equal to the Money Market Absolute Rate quoted by the Bank making such Loan in accordance with Section 2.3.  Such interest shall be payable for each Interest Period on the last day thereof and, if such Interest Period is longer than three months, at intervals of three months after the first day thereof (or, in the case of a Money Market LIBORSOFR/EURIBOR/SONIA Loan denominated in Sterling, shall be payable in arrears on the date that is on the numerically corresponding day in each calendar month that is one month after the date of the Borrowing of which such Money Market 

46

LIBORSOFR/EURIBOR/SONIA Loan is a part (or, if there is no such numerically corresponding day in such month, then the last day of such month) and upon the date of termination of the Commitments in their entirety).  Any overdue principal of or interest on any Money Market Loan shall bear interest, payable on demand, for each day from and including the date payment thereof was due to but excluding the date of actual payment, at a rate per annum equal to the sum of 2% plus the Prime Rate for such day.
(e)    Each CBR Loan shall bear interest on the outstanding principal amount thereof, for each day from the date such Loan is made until it becomes due, at a rate per annum equal to the sum of the Central Bank Rate for the applicable Agreed Currency for such day plus the applicable CBR Margin.  Such interest shall be payable quarterly in arrears on the last Business Day of each calendar quarter ending on March 31, June 30, September 30 and December 31 of each year and upon the date of termination of the Commitments in their entirety.  Any overdue principal of or interest on any CBR Loan shall bear interest, payable on demand, for each day from and including the date payment thereof was due to but excluding the date of actual payment, at a rate per annum equal to the sum of 2% plus the rate otherwise applicable to CBR Loans for such day.
(f)    The Administrative Agent shall determine each interest rate applicable to the Loans hereunder.  The Administrative Agent shall give prompt notice to the Borrowers and the participating Banks of each rate of interest so determined, and its determination thereof shall be conclusive in the absence of manifest error.
(g)    Each of “Euro-CurrencyTerm Benchmark Margin”, “RFR Margin”, “CBR Margin” and “Commitment Fee Rate” means, for any day, the percentage set forth below in the column below such term and in the row corresponding to the “Level” in effect for Trane plc on such day:
																								
		Ratings	Applicable
Euro-CurrencyTerm Benchmark Margin
				
	Level	Moody’s	S&P	Applicable RFR Margin	Applicable CBR Margin (Sterling)	Applicable CBR Margin (Euro)	Commitment Fee Rate
	I	A3 (or higher)	A- (or higher)	1.000%	1.0326%1.000%
	1.0326%1.000%
	1.000%	0.100%
	II	Baa1	BBB+	1.125%	1.1576%1.125%
	1.1576%1.125%
	1.125%	0.125%
	III	Baa2	BBB	1.250%	1.2826%1.250%
	1.2826%1.250%
	1.250%	0.150%
	IV	Baa3	BBB-	1.500%	1.5326%1.500%
	1.5326%1.500%
	1.500%	0.200%
	V	Lower	Lower	1.750%	1.7826%1.750%
	1.7826%1.750%
	1.750%	0.250%

; provided that (i) in the case of split Ratings from S&P and Moody’s, the Rating to be used to determine the applicable Level shall be the higher of the two Ratings, or if the Ratings differ by more than one Level as indicated above, the Rating to be used to determine the applicable Level shall be the Rating one below the higher of the two Ratings, (ii) if only one Rating exists, the applicable Euro-CurrencyTerm Benchmark Margin and the Commitment Fee Rate shall be determined by reference to the Level corresponding to the available Rating, (iii) if no Ratings exist, the applicable Level shall be Level V and (iv) if any Rating shall be changed (other than as 

47

a result of a change in the rating system of the applicable rating agency), such change shall be effective as of the date on which it is first announced by the rating agency making such change.  Each such change in the applicable Euro-CurrencyTerm Benchmark Margin or the Commitment Fee Rate shall apply to all outstanding Euro-CurrencyTerm Benchmark Loans and Base Rate Loans and to all commitment fees accruing during the period commencing on the effective date of such change and ending on the date immediately preceding the effective date of the next such change.  If the rating system of any rating agency described in this Section 2.7(g) shall change or if any such rating agency shall cease to be in the business of rating corporate debt obligations or the Ratings from any such rating agency shall become otherwise generally unavailable, the Borrowers and the Banks party hereto shall negotiate in good faith to amend the references to specific Ratings in this Section 2.7(g) to reflect such changed rating system or the unavailability of ratings from such rating agency.  It is hereby understood and agreed that (x) the Applicable Rate shall be adjusted from time to time based upon the Sustainability Rate Adjustment (to be calculated and applied as set forth in Section 2.23) and (y) the Commitment Fee Rate shall be adjusted from time to time based upon the Sustainability Fee Adjustment (to be calculated and applied as set forth in Section 2.23).
SECTION 2.8    Fees.  (a)  The Borrowers shall pay to the Administrative Agent for the account of the Banks a commitment fee, which shall accrue at the applicable Commitment Fee Rate, as set forth in Section 2.7(g), on the daily unused amount of the Commitment of each Bank during the period from and including the date hereof to but excluding the date on which such Commitment terminates.  Accrued commitment fees shall be payable quarterly in arrears on each March 31, June 30, September 30 and December 31 of each year, commencing on the first such date to occur after the date of this Agreement, and upon the date of termination of the Commitments in their entirety.  All commitment fees shall be computed on the basis of a year of 360 days, and shall be payable for the actual number of days elapsed (including the first day but excluding the last day).
(b)    The Borrowers agree to pay to the Administrative Agent for the account of each Bank a participation fee, payable in Dollars, with respect to its participations in Letters of Credit, which shall accrue at the applicable Euro-CurrencyTerm Benchmark Margin as set forth in Section 2.7(g) on the average daily amount of the Dollar Equivalent of such Bank’s LC Exposure during the period from and including the Effective Date to but excluding the later of the date on which such Bank’s Commitment terminates and the date on which such Bank ceases to have any LC Exposure.  The Borrowers also agree to pay to each Issuing Bank a fronting fee, which shall accrue at a rate of 0.125% per annum or at such rate as shall be mutually agreed upon by the Borrowers and such Issuing Bank on the daily aggregate face amount of outstanding Letters of Credit issued by such Issuing Bank during the period from and including the Effective Date to but excluding the later of the date of termination of the Commitments and the date on which there ceases to be any LC Exposure, as well as such Issuing Bank’s standard fees with respect to the issuance, amendment, renewal or extension of any Letter of Credit or processing of drawings thereunder.  Participation fees and fronting fees accrued through and including the last day of March, June, September and December of each year shall be payable on the third Business Day following such last day, commencing on the first such date to occur after the Effective Date; provided that all such fees shall be payable on the date on which the Commitments terminate and any such fees accruing after the date on which the Commitments terminate shall be payable on demand.  Any other fees payable to an Issuing Bank pursuant to this paragraph shall be payable within 10 days after demand.  All participation fees and fronting fees shall be computed on the basis of a year of 360 days and shall be payable for the actual number of days elapsed (including the first day but excluding the last day).
SECTION 2.9    Optional Termination or Reduction of Commitments.  During the Availability Period, the Borrowers may, upon at least three Business Days’ notice to the Administrative Agent (which shall give prompt notice thereof to each Bank), (a) terminate the 

48

Commitments at any time, if no Loans are outstanding at such time or (b) ratably reduce from time to time by a minimum aggregate amount of $5,000,000 (or the Foreign Currency Equivalent thereof, in the case of Euro Loans) or any multiple of $1,000,000 (or the Foreign Currency Equivalent thereof, in the case of Euro Loans) in excess thereof, the aggregate amount of the Commitments; provided that any outstanding principal amount of Loans that would exceed the aggregate amount of the Commitments after any such reduction must be prepaid at the time of such reduction, together with any related amounts payable under Section 2.13 in connection therewith.  Any termination or reduction of the Commitments shall be permanent; provided that a notice of termination of the Commitments may state that such notice is conditioned upon the effectiveness of other financing, in which case such notice may be revoked by the Borrowers (by notice to the Administrative Agent on or prior to the specified effective date) if such condition is not satisfied.
SECTION 2.10    Mandatory Termination of Commitments; Mandatory Prepayments.  (a)  The Commitments shall terminate on the Termination Date, and any Loans then outstanding (together with accrued interest thereon) shall be due and payable on such date.
(b)    If, on any day, the Dollar Equivalent of Revolving Exposure exceeds 105% of the aggregate Commitments on such date, the Borrowers and any Additional Borrowers shall, within five Business Days, prepay sufficient outstanding Loans in an aggregate principal amount (together with interest accrued to the date of such prepayment on the principal so prepaid and any amounts payable under Section 2.13 in connection therewith) such that, after giving effect thereto, the Dollar Equivalent of Revolving Exposure does not exceed the aggregate Commitments on such date.  If, on the last day of any Interest Period for any Borrowing, the Dollar Equivalent of Revolving Exposure exceeds the aggregate Commitments on such date, the Borrowers and any Additional Borrowers shall, within five Business Days, prepay sufficient outstanding Loans in an aggregate principal amount (together with interest accrued to the date of such prepayment on the principal so prepaid and any amounts payable under Section 2.13 in connection therewith) such that, after giving effect thereto, the Dollar Equivalent of Revolving Exposure does not exceed the aggregate Commitments on such date; provided that the aggregate principal amount of the prepayment required pursuant to this sentence on any such occasion shall not exceed the aggregate principal amount of such Borrowing.  Each such mandatory prepayment shall be applied to prepay ratably the Loans of the several Banks included in each Borrowing so prepaid.
SECTION 2.11    Optional Prepayments.  (a)  Any Borrower or any Additional Borrower may (i) upon at least one Business Day’s notice to the Administrative Agent, prepay any Base Rate Borrowing (or any Money Market Borrowing bearing interest at the Base Rate pursuant to Section 8.1), (ii) upon at least three Business Days’ notice to the Administrative Agent, subject to Section 2.13, prepay any Euro-CurrencyTerm Benchmark Borrowing, and (iii) upon at least five Business Days’ notice to the Administrative Agent, prepay any RFR Borrowing, in each case in whole at any time, or from time to time in part, by paying the principal amount to be prepaid together with accrued interest thereon to the date of prepayment and any amounts payable under Section 2.13 in connection therewith; provided that any such partial prepayment shall be in the amount of $5,000,000 (or the Foreign Currency Equivalent thereof, in the case of Foreign Currency Loans) or any multiple of $1,000,000 (or the Foreign Currency Equivalent thereof, in the case of Foreign Currency Loans) in excess thereof.  Each such optional prepayment shall be applied to prepay ratably the Loans of the several Banks included in such Borrowing.
(b)    Except as provided in clause (i) of Section 2.11(a), the Borrowers and any Additional Borrowers may not prepay all or any portion of the principal amount of any Money Market Loan prior to the maturity thereof.

49

(c)    Upon receipt of a notice of prepayment pursuant to this Section, the Administrative Agent shall promptly notify each Bank of the contents thereof and of such Bank’s ratable share (if any) of such prepayment. Each such notice shall be irrevocable; provided that, if a notice of prepayment is given in connection with a conditional notice of termination of the Commitments as contemplated by Section 2.9, then such notice of prepayment may be revoked if such notice of termination is revoked in accordance with Section 2.9.
SECTION 2.12   General Provisions as to Payments.  (a)  The Borrowers and each Additional Borrower, as applicable, shall make each payment required to be made by it hereunder (whether of principal, interest on the Loans, fees or amounts payable under Section 2.13, 2.15, 2.17, 8.3 or 9.3, or otherwise) without set-off, counterclaim or deduction of any kind (in each case, unless required by law or otherwise by this Agreement), not later than 12:00 noon (New York City time) on the date when due, in Federal or other funds immediately available in New York City, to the Administrative Agent at its New York address referred to in Section 9.1, except that payments required to be made directly to any Issuing Bank shall be so made and payments pursuant to Section 2.13, 2.15, 2.17, 8.3 or 9.3 shall be made directly to the Persons entitled thereto; provided that any such payments made in respect of Euro Loans or other Loans denominated in a Foreign Currency shall be made not later than 12:00 noon (London time) on the date when due, in funds immediately available in London in the applicable Foreign Currency, to the Administrative Agent at its London address referred to in Section 9.1.  The Administrative Agent will promptly distribute to each Bank its ratable share of each such payment received by the Administrative Agent for the account of the Banks.  Whenever any payment of principal of, or interest on, the Base Rate Loans or of fees shall be due on a day which is not a Business Day, the date for payment thereof shall be extended to the next succeeding Business Day.  Whenever any payment of principal of, or interest on, the Euro-CurrencyTerm Benchmark Loans shall be due on a day which is not a Business Day, the date for payment thereof shall be extended to the next succeeding Business Day unless such Business Day falls in another calendar month, in which case the date for payment thereof shall be the next preceding Business Day.  Whenever any payment of principal of, or interest on, the Money Market Loans shall be due on a day which is not a Business Day, the date for payment thereof shall be extended to the next succeeding Business Day; provided that in the case of Money Market Loans denominated in Dollars, whenever any payment of principal of, or interest on, such Dollar-denominated Money Market Loans shall be due on a day which is not a Business Day, the date for payment thereof shall be extended to the next succeeding Business Day.  If the date for any payment of principal is extended by operation of law or otherwise, interest thereon shall be payable for such extended time.
(b)    Unless the Administrative Agent shall have received notice from the relevant Borrower or the relevant Additional Borrower prior to the date on which any payment is due to the Banks hereunder that such Borrower or such Additional Borrower will not make such payment in full, the Administrative Agent may assume that such Borrower or such Additional Borrower has made such payment in full to the Administrative Agent on such date and the Administrative Agent may, in reliance upon such assumption, cause to be distributed to each Bank on such due date an amount equal to the amount then due such Bank.  If and to the extent that such Borrower or such Additional Borrower shall not have so made such payment, each Bank shall repay to the Administrative Agent forthwith on demand such amount distributed to such Bank together with interest thereon, for each day from the date such amount is distributed to such Bank until the date such Bank repays such amount to the Administrative Agent, at a rate per annum equal to the applicable Overnight Rate.
SECTION 2.13  Funding Losses.  If any Borrower or any Additional Borrower makes any payment of principal with respect to any Fixed Rate Loan (pursuant to Section 2.11, Article VI or VIII or otherwise, but not pursuant to Section 8.2) on any day other than the last day of the Interest Period applicable thereto, if any Borrower or any Additional 

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Borrower fails to borrow any Fixed Rate Loans after notice has been given to any Bank in accordance with Section 2.4(a) or 2.19 or if any Borrower or any Additional Borrower fails to prepay any Fixed Rate Loans after notice has been given to any Bank in accordance with Section 2.11(c), such Borrower or such Additional Borrower shall reimburse each Bank within 30 days after demand for any resulting loss or expense incurred by it (or by an existing or prospective Participant in the related Loan), including any loss incurred in obtaining, liquidating or employing deposits from third parties, but excluding loss of margin for the period after any such payment or failure to borrow or prepay; provided that such Bank shall have delivered to such Borrower or such Additional Borrower a certificate setting forth the calculation of the amount of such loss or expense, which certificate shall be conclusive in the absence of manifest error.
In the event of (i) the payment of any principal of any RFR Loan other than on the interest payment date (as specified in Section 2.7(c)) applicable thereto (including as a result of an Event of Default or an optional or mandatory prepayment of Loans), (ii) the failure to borrow, convert, continue or prepay any RFR Loan on the date specified in any notice delivered pursuant hereto (regardless of whether such notice may be revoked), (iii) the assignment of any RFR Loan other than on the interest payment date (as specified in Section 2.7(c)) applicable thereto as a result of a request by any Borrower or Additional Borrower pursuant to Section 8.5 or (iv) the conversion or continuation of any RFR Loan other than on the interest payment date (as specified in Section 2.7(c)) applicable thereto, the applicable Borrower or Additional Borrower shall compensate each Bank for the loss, cost and expense attributable to such event, including the reasonable and documented costs and expenses of such Bank attributable to the premature unwinding of any hedging agreement entered into by such Bank in respect of the Sterling exposure attributable to such Loan. In the case of an RFR Loan, such loss, cost or expense to any Bank shall be deemed to include an amount determined by such Bank to be the excess, if any, of (i) the amount of interest which would have accrued on the principal amount of such Loan had such event not occurred, at the Daily Simple RFR that would have been applicable to such Loan, for the period from the date of such event to the next interest payment date (as specified in A certificate of any Bank setting forth any amount or amounts that such Bank is entitled to receive pursuant to this Section 2.7(c))shall be delivered to the applicable thereto (or, in the case of a failure to borrow, convert or continue, to the date that would have been the next interest payment date (as specified in Section 2.7(c)) for such Loan), over (ii) the amount of interest that would accrueBorrower or Additional Borrower and shall be conclusive absent manifest error.  The applicable Borrower or Additional Borrower shall pay such Bank the amount shown as due on any such principal amount for such period at the interest rate which such Bank would bid were it to bid, at the commencement of such period, for deposits in Sterling of a comparable amount and period from other banks in the London interbank marketcertificate within 30 days after receipt thereof.
SECTION 2.14  Computation of Interest and Fees.  Interest based on the Prime Rate and interest and fees based on amounts denominated in Sterling hereunder shall be computed on the basis of a year of 365 days (or 366 days in a leap year) and paid for the actual number of days elapsed (including the first day but excluding the last day).  Except as set forth in Section 2.8, all other interest and fees shall be computed on the basis of a year of 360 days and paid for the actual number of days elapsed (including the first day but excluding the last day).
SECTION 2.15  Taxes.  (a)  Any and all payments by or on account of any obligation of each Borrower and each Additional Borrower hereunder shall be made free and clear of and without deduction for any Taxes, except as required by applicable law; provided that if an applicable Withholding Agent shall be required by applicable law (as determined in the good faith discretion of an applicable Withholding Agent) to deduct any Taxes from such payments, then (i) if such Tax is an Indemnified Tax or Other Tax, the sum payable shall be increased as necessary so that after making all required deductions (including deductions applicable to additional sums payable under this Section), the Administrative Agent or the 

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applicable Bank receives an amount equal to the sum it would have received had no such deductions been made, (ii) the applicable Withholding Agent shall make such deductions and (iii) the applicable Withholding Agent shall timely pay the full amount deducted to the relevant Governmental Authority in accordance with applicable law.
(b)    In addition, the Borrowers and each Additional Borrower shall pay any Other Taxes to the relevant Governmental Authority in accordance with applicable law.
(c)    Each Borrower and each Additional Borrower shall indemnify the Administrative Agent and each Bank, within 10 days after written demand therefor, for the full amount of any Indemnified Taxes or Other Taxes paid by the Administrative Agent or such Bank, as the case may be, on or with respect to any payment by or on account of any obligation of such Borrower or such Additional Borrower hereunder (including Indemnified Taxes or Other Taxes imposed or asserted on or attributable to amounts payable under this Section) and any penalties, interest and reasonable expenses arising therefrom or with respect thereto, whether or not such Indemnified Taxes or Other 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 such Borrower or any Additional Borrower by a Bank or by the Administrative Agent, on its own behalf or on behalf of any Bank, shall be conclusive absent manifest error.
(d)    Each Bank shall severally indemnify the Administrative Agent, within 10 days after written demand therefor, for (i) the full amount of any Taxes attributable to such Bank (but, in the case of Indemnified Taxes or Other Taxes, only to the extent that a Borrower or an Additional Borrower has not already indemnified the Administrative Agent for such Indemnified Taxes or Other Taxes, and without limiting the obligation of each Borrower and each Additional Borrower to do so) and (ii) any Taxes attributable to such Bank’s failure to comply with the provisions of Section 9.6(b) relating to the maintenance of a Participant Register, in each case, that are paid or payable by the Administrative Agent in connection with any Loan Documents and any penalties, interest and reasonable expenses arising therefrom or with respect thereto, whether or not such Taxes were correctly or legally imposed or asserted by the relevant Governmental Authority.  A certificate as to the amount of such payment or liability delivered to the applicable Bank by the Administrative Agent shall be conclusive absent manifest error.  Each Bank hereby authorizes the Administrative Agent to set off and apply any and all amounts at any time owing to such Bank under any Loan Document or otherwise payable by the Administrative Agent to the Bank from any other source against any amount due to the Administrative Agent under this paragraph (d).
(e)    As soon as practicable after any payment of Indemnified Taxes or Other Taxes by a Borrower or any Additional Borrower to a Governmental Authority, such Borrower or Additional Borrower shall deliver to the Administrative Agent the original or a certified copy of a receipt issued by such Governmental Authority evidencing such payment, a copy of the return reporting such payment or other evidence of such payment reasonably satisfactory to the Administrative Agent.
(f)    Any Bank that is entitled to an exemption from or reduction of withholding Tax with respect to payments made under any Loan Document shall deliver to any Borrower, any Additional Borrower and the Administrative Agent, at the time or times reasonably requested by any Borrower, any Additional Borrower or the Administrative Agent, such properly completed and executed documentation reasonably requested by any Borrower, any Additional Borrower or the Administrative Agent as will permit such payments to be made without withholding or at a reduced rate of withholding (including, in respect of Trane Ireland, such information required to enable that Borrower to comply with its reporting obligations under Section 891E, 891F and 891G of TCA), it being understood that a payment will not be increased under Section 2.15(a) above by reason of any deduction if, as of the date on which the payment 

52

falls due, the payment could have been made to the Bank had that Bank complied with its obligations under this Section 2.15(f)).  In addition, any Bank, if reasonably requested by any Borrower, any Additional Borrower or the Administrative Agent, shall deliver such other documentation prescribed by applicable law or reasonably requested by any Borrower, any Additional Borrower or the Administrative Agent as will enable any Borrower, any Additional Borrower or the Administrative Agent to determine whether or not such Bank is subject to backup withholding or information reporting requirements.  Notwithstanding anything to the contrary in the preceding two sentences, the completion, execution and submission of such documentation (other than such documentation set forth in Sections 2.15(f)(i), (f)(ii) and (f)(iv) below) shall not be required if in the Bank’s reasonable judgment such completion, execution or submission would subject such Bank to any material unreimbursed cost or expense or would materially prejudice the legal or commercial position of such Bank.  Without limiting the generality of the foregoing, in the event that any Borrower is a U.S. Person,
(i)    any Bank that is a U.S. Person shall deliver to such Borrower and the Administrative Agent on or prior to the date on which such Bank becomes a Bank under this Agreement (and from time to time thereafter upon the reasonable request of such Borrower or the Administrative Agent), executed originals of IRS Form W-9 certifying that such Bank is exempt from U.S. Federal backup withholding tax;
(ii)    any Foreign Bank shall, to the extent it is legally entitled to do so, deliver to such Borrower and the Administrative Agent (in such number of copies as shall be requested by the recipient) on or prior to the date on which such Foreign Bank becomes a Bank under this Agreement (and from time to time thereafter upon the reasonable request of such Borrower or the Administrative Agent), whichever of the following is applicable:
(A)    in the case of a Foreign Bank 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 originalscopies of IRS Form W-8BEN or IRS Form 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 IRS Form W-8BEN-E, as applicable, establishing an exemption from, or reduction of, U.S. Federal withholding Tax pursuant to the “business profits” or “other income” article of such tax treaty;
(B)    executed originalscopies of IRS Form W-8ECI;
(C)    in the case of a Foreign Bank claiming the benefits of the exemption for portfolio interest under Section 881(c) of the Internal Revenue Code, (x) a certificate substantially in the form of Exhibit K-1 to the effect that such Foreign Bank is not a “bank” within the meaning of Section 881(c)(3)(A) of the Internal Revenue Code, a “10 percent shareholder” of any U.S. Borrower within the meaning of Section 881(c)(3)(B) of the Internal Revenue Code, or a “controlled foreign corporation” described in Section 881(c)(3)(C) of the Internal Revenue Code (a “U.S. Tax Compliance Certificate”) and (y) executed originalscopies of IRS Form W-8BEN or IRS Form W-8BEN-E, as applicable; or
(D)    to the extent a Foreign Bank is not the beneficial owner, executed originalscopies of IRS Form W-8IMY, accompanied by IRS Form W-8ECI, IRS Form W-8BEN or IRS Form W-8BEN-E, as applicable, a U.S. Tax Compliance Certificate substantially in the form of Exhibit K-2 or Exhibit K-3, 

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IRS Form W-9, and/or other certification documents from each beneficial owner, as applicable; provided that if the Foreign Bank is a partnership and one or more direct or indirect partners of such Foreign Bank are claiming the portfolio interest exemption, such Foreign Bank may provide a U.S. Tax Compliance Certificate substantially in the form of Exhibit K-4 on behalf of each such direct and indirect partner;
(iii)    any Foreign Bank shall, to the extent it is legally entitled to do so, deliver to such Borrower and the Administrative Agent (in such number of copies as shall be requested by the recipient) on or prior to the date on which such Foreign Bank becomes a Bank under this Agreement (and from time to time thereafter upon the reasonable request of such Borrower or the Administrative Agent), executed originalscopies 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 such Borrower or the Administrative Agent to determine the withholding or deduction required to be made; and
(iv)    if a payment made to a Bank under any Loan Document would be subject to U.S. Federal withholding Tax imposed by FATCA if such Bank fails to comply with the applicable reporting requirements of FATCA (including those contained in Section 1471(b) or 1472(b) of the Internal Revenue Code, as applicable), such Bank shall deliver to the Lead Borrower and the Administrative Agent at the time or times prescribed by law and at such time or times reasonably requested by the Lead Borrower or the Administrative Agent, such documentation prescribed by applicable law (including as prescribed by Section 1471(b)(3)(C)(i) of the Internal Revenue Code) and such additional documentation reasonably requested by the Lead Borrower or the Administrative Agent as may be necessary for the Lead Borrower and the Administrative Agent to comply with their obligations under FATCA and to determine that such Bank has complied with such Bank’s obligations under FATCA or to determine the amount to deduct and withhold from such payment; provided, that solely for purposes of this clause (iv), “FATCA” shall include any amendments made to FATCA after the date of this Agreement.
Each Bank agrees that if any form or certification it previously delivered expires or becomes obsolete or inaccurate in any respect, it shall update such form or certification or promptly notify the applicable Borrower and the Administrative Agent in writing of its legal inability to do so.
(g)    Without limiting the generality of the foregoing, in respect of Trane Ireland:
(i)    any Bank shall confirm to Trane Ireland and the Administrative Agent on or prior to the date on which such Bank becomes a Bank under this Agreement that, on such date, such Bank is a Qualifying Bank;
(ii)    if a Bank fails to indicate its status in accordance with Section 2.15(hg)(i) above, then such Bank shall be treated for the purposes of this Agreement by Trane Ireland as if it is not a Qualifying Bank until such time that such Bank notifies Trane Ireland and the Administrative Agent which category applies; and

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(iii)    a Bank shall promptly notify Trane Ireland and the Administrative Agent if it ceases to be a Qualifying Bank.
(h)    If the Administrative Agent or any Bank determines, in its sole, reasonable discretion, that it has received a refund of any Taxes or Other Taxes as to which it has been indemnified by a Borrower or any Additional Borrower or with respect to which a Borrower or any Additional Borrower has paid additional amounts pursuant to this Section, it shall pay over such refund to such Borrower or Additional Borrower (but only to the extent of indemnity payments made, or additional amounts paid, by such Borrower or Additional Borrower under this Section with respect to the Taxes giving rise to such refund), net of all out-of-pocket expenses of the Administrative Agent or such Bank and without interest (other than any interest paid by the relevant Governmental Authority with respect to such refund); provided that such Borrower or Additional Borrower, upon the request of the Administrative Agent or such Bank, agrees to repay the amount paid over to such Borrower or Additional Borrower (plus any penalties, interest or other charges imposed by the relevant Governmental Authority) to the Administrative Agent or such Bank in the event the Administrative Agent or such Bank is required to repay such refund to such Governmental Authority.  This Section shall not be construed to require the Administrative Agent or any Bank to make available its tax returns (or any other information relating to its taxes which it deems confidential) to the Borrowers, any Additional Borrower or any other Person.
(i)    Survival.  Each party’s obligations under this Section 2.15 shall survive the resignation or replacement of the Administrative Agent or any assignment of rights by, or the replacement of, a Bank, the termination of the Commitments and the repayment, satisfaction or discharge of all Obligations under any Loan Document.
(j)     Defined Terms.  For purposes of this Section 2.15, the term “Bank” includes any Issuing Bank and the term “applicable law” includes FATCA.
SECTION 2.16 Additional Borrowers.  (a)  On or after the Effective Date, the Lead Borrower may designate any wholly-owned Subsidiary of Trane Parent as an Additional Borrower by delivery to the Administrative Agent, at least ten Business Days prior to such designation, of (i) an Additional Borrower Agreement executed by such Subsidiary, the Guarantors and the Borrowers, substantially in the form of Exhibit H hereto (each, an “Additional Borrower Agreement”) and (ii) a favorable written opinion (addressed to the Administrative Agent and the Banks) of counsel of such Subsidiary or Subsidiaries (which opinion shall be reasonably satisfactory to the Administrative Agent).  Upon delivery of the above-mentioned documents, such Subsidiary shall for all purposes of this Agreement be an Additional Borrower and a party to this Agreement.  Promptly following receipt of any Additional Borrower Agreement, the Administrative Agent shall send a copy thereof to each Bank.
(b)    As soon as practicable after receiving notice from the Lead Borrower or the Administrative Agent of the Lead Borrower’s intent to designate a Subsidiary as an Additional Borrower, and in any event within five Business Days of receipt of such notice from the Lead Borrower or the Administrative Agent, for an Additional Borrower that is organized under the laws of a jurisdiction other than of the United States of America, or a political subdivision thereof, of Ireland or of the Grand Duchy of Luxembourg, any Bank that may not legally lend to, establish credit for the account of and/or do any business whatsoever with such Additional Borrower or with Persons in the jurisdiction of such Additional Borrower directly or through an Affiliate of such Bank (a “Protesting Bank”), as provided in Section 2.4(a), shall so notify the Lead Borrower and the Administrative Agent in writing.  With respect to each Protesting Bank, the Lead Borrower shall, effective on or before the date that such Additional Borrower shall have the right to borrow hereunder, either (i) notify the Administrative Agent and 

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such Protesting Bank that the Commitments of such Protesting Bank shall be terminated; provided that such Protesting Bank shall have received payment of an amount equal to the outstanding principal of its Loans and/or unreimbursed Letters of Credit obligations, accrued interest thereon, accrued fees and all other amounts payable to it hereunder, (ii) substitute such Protesting Bank in accordance with the provisions of Section 8.5 hereof or (iii) cancel the request to designate such Subsidiary as an “Additional Borrower” hereunder.
SECTION 2.17  Additional Borrower Costs.  (a)  If the cost to any Bank of making or maintaining any Loan to an Additional Borrower is increased, or the amount of any sum received or receivable by any Bank (or its Applicable Lending Office) is reduced, by an amount deemed by such Bank to be material, by reason of the fact that such Additional Borrower is organized under the laws of, or principally conducts its business in, a jurisdiction or jurisdictions outside the United States of America, the Borrowers and such Additional Borrower shall indemnify such Bank for such increased cost or reduction within 30 days after demand by such Bank (with a copy to the Administrative Agent).  A certificate of such Bank claiming compensation under this subsection (a) and setting forth the additional amount or amounts to be paid to it hereunder, together with calculations in reasonable detail supporting such amounts, shall be conclusive in the absence of clearly demonstrable error.  Except for increased costs or reductions in amounts receivable required by applicable law or regulation in existence at the time that an Additional Borrower joins this Agreement and notified to the Lead Borrower at least two Business Days prior to the effectiveness of the designation of the applicable Additional Borrower, no such compensation may be claimed (i) in respect of any Committed Loan for any period prior to the date 60 days before the date of notice by such Bank to the Lead Borrower of its intention to make claims therefor (except that, if the applicable event giving rise to such increased costs or reductions is retroactive, then the 60-day period referred to above shall be extended to include the period of retroactive effect thereof) or (ii) to the extent such Bank was aware of such cost or reduction at the time the related Loan was made.
(b)    Each Bank will promptly notify the Lead Borrower and the Administrative Agent of any event of which it has knowledge that will entitle such Bank to additional interest or payments pursuant to the foregoing subsection (a) and will designate a different Applicable Lending Office, if, in the judgment of such Bank, such designation will avoid the need for, or reduce the amount of, such compensation and will not be otherwise disadvantageous to such Bank.
SECTION 2.18  Letters of Credit. (a)  General.  Subject to the terms and conditions set forth herein, any Borrower or any Additional Borrower may request the issuance of Letters of Credit for its own account, in a form reasonably acceptable to the Administrative Agent and the applicable Issuing Bank, at any time and from time to time during the Availability Period.  In the event of any inconsistency between the terms and conditions of this Agreement and the terms and conditions of any form of letter of credit application or other agreement submitted by any Borrower or any Additional Borrower to, or entered into by any Borrower or any Additional Borrower with, any Issuing Bank relating to any Letter of Credit, the terms and conditions of this Agreement shall control.  Notwithstanding anything contained in any form of letter of credit application or other agreement submitted by any Borrower or any Additional Borrower to, or entered into by any Borrower or any Additional Borrower with, any Issuing Bank relating to any Letter of Credit, the aggregate face amount of outstanding Letters of Credit issued by any of Bank of America, N.A., BNP Paribas or Mizuho Bank, Ltd. shall not exceed $50,000,000 at any time without its consent.
(b)    Notice of Issuance, Amendment, Renewal, Extension; Certain Conditions.  To request the issuance of a Letter of Credit (or the amendment, renewal or extension of an outstanding Letter of Credit), any Borrower or any Additional Borrower shall hand deliver or telecopy (or transmit by electronic communication, if arrangements for doing so 

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have been approved by such Issuing Bank) to the applicable Issuing Bank and the Administrative Agent (reasonablynot later than three Business Days in advance of the requested date of issuance, amendment, renewal or extension) a notice requesting the issuance of a Letter of Credit, or identifying the Letter of Credit to be amended, renewed or extended, and specifying the date of issuance, amendment, renewal or extension (which shall be a Business Day), the date on which such Letter of Credit is to expire (which shall comply with paragraph (c) of this Section), the amount of such Letter of Credit, the currency in which such Letter of Credit shall be denominated, the name and address of the beneficiary thereof and such other information as shall be necessary to prepare, amend, renew or extend such Letter of Credit.  If requested by the applicable Issuing Bank, such Borrower or such Additional Borrower also shall submit a letter of credit application on such Issuing Bank’s standard form in connection with any request for a Letter of Credit.  A Letter of Credit shall be issued, amended, renewed or extended only if (and upon issuance, amendment, renewal or extension of each Letter of Credit such Borrower or such Additional Borrower shall be deemed to represent and warrant that), after giving effect to such issuance, amendment, renewal or extension (i) the Dollar Equivalent of the LC Exposure at such time shall not exceed $200,000,000, (ii) the aggregate face amount of outstanding Letters of Credit issued by each of Bank of America, N.A., BNP Paribas and Mizuho Bank, Ltd. shall not exceed respective amounts set forth in the last sentence of Section 2.18(a) and (iii) the sum of the Dollar Equivalent of the aggregate outstanding principal amount of the Loans plus the Dollar Equivalent of the LC Exposure, in each case at such time shall not exceed the total Commitments.  No Issuing Bank shall issue, amend, renew or extend a Letter of Credit if notice has been given to such Issuing Bank by the Administrative Agent or the Required Banks that a Default or Event of Default has occurred and is continuing.  The Issuing Banks shall provide to the Administrative Agent and, in turn, the Administrative Agent shall provide to the Banks a monthly update, in accordance with customary practices, of total LC Exposures, it being understood that the obligations of the Banks shall not be subject to the receipt of such update.  Notwithstanding anything herein to the contrary, Bank of America, N.A. will not be required to issue Letters of Credit in any currency other than Dollars.
(c)    Expiration Date.  Each Letter of Credit shall expire at or prior to the earlier of (i) one year after the date of issuance and (ii) the close of business on the date that is five Business Days prior to the Termination Date.
(d)    Participations.  By the issuance of a Letter of Credit (or an amendment to a Letter of Credit increasing the amount thereof) and without any further action on the part of the applicable Issuing Bank or the Banks, the Issuing Bank that is the issuer of such Letter of Credit hereby grants to each Bank, and each Bank hereby acquires from such Issuing Bank, a participation in such Letter of Credit equal to such Bank’s Applicable Percentage of the aggregate amount available to be drawn under such Letter of Credit.  In consideration and in furtherance of the foregoing, each Bank hereby absolutely and unconditionally agrees to pay to the Administrative Agent, for the account of the applicable Issuing Bank, such Bank’s Applicable Percentage of the Dollar Equivalent of each LC Disbursement made by such Issuing Bank and not reimbursed by any Borrower or any Additional Borrower, as applicable, on the date due as provided in paragraph (e) of this Section, or of any reimbursement payment required to be refunded to any Borrower or any Additional Borrower for any reason.  Each Bank acknowledges and agrees that its obligation to acquire participations pursuant to this paragraph in respect of Letters of Credit is absolute and unconditional and shall not be affected by any circumstance whatsoever, including any amendment, renewal or extension of any Letter of Credit or the occurrence and continuance of a Default or reduction or termination of the Commitments, and that each such payment shall be made without any offset, abatement, withholding or reduction whatsoever.
(e)    Reimbursement.  If an Issuing Bank shall make any LC Disbursement in respect of a Letter of Credit, a Borrower or any Additional Borrower, as applicable, shall 

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reimburse such LC Disbursement by paying to the Administrative Agent an amount equal to such LC Disbursement in Dollars or (subject to the immediately succeeding sentence) the applicable Foreign Currency, not later than 12:00 noon (New York City time) on the Business Day immediately following the Business Day that such LC Disbursement is made (the “Disbursement Date”), if such Borrower or such Additional Borrower shall have received notice of such LC Disbursement prior to 3:00 P.M. (New York City time) on the Disbursement Date, or, if such notice has not been received by such Borrower or such Additional Borrower prior to such time on such date, then not later than 12:00 noon (New York City time) on (i) the Business Day immediately following the Business Day that such Borrower or such Additional Borrower, as applicable, receives such notice, if such notice is received prior to 3:00 P.M. (New York City time) on the day of receipt, or (ii) within two Business Days immediately following the day that such Borrower or such Additional Borrower receives such notice, if such notice is not received prior to 3:00 P.M. (New York City time) on the day of receipt; provided that, if such LC Disbursement is not less than $10,000,000 (or the equivalent amount in a Foreign Currency), such Borrower or such Additional Borrower may, subject to the conditions to borrowing set forth herein, request in accordance with Section 2.2 or 2.3 that such payment be financed with a Base Rate Loan, Euro-CurrencyTerm Benchmark Loan or Money Market Loan in an equivalent amount and, to the extent so financed, such Borrower’s or such Additional Borrower’s obligation to make such payment shall be discharged and replaced by the resulting Base Rate Loan, Euro-CurrencyTerm Benchmark Loan or Money Market Loan.  If any Borrower or any Additional Borrower fails to make such payment when due, (i) if such payment relates to a Letter of Credit denominated in a Foreign Currency, automatically and with no further action required, such Borrower’s or such Additional Borrower’s obligation to reimburse the applicable LC Disbursement shall be permanently converted into an obligation to reimburse the Dollar Equivalent, calculated using the Exchange Rates on the date when such payment was due, of such LC Disbursement and (ii) the Administrative Agent shall notify each Bank of the applicable LC Disbursement, the Dollar Equivalent thereof (if such LC Disbursement relates to a Letter of Credit denominated in a Foreign Currency) and the payment then due from any Borrower or any Additional Borrower in respect thereof and such Bank’s Applicable Percentage thereof.  Promptly following receipt of such notice, each Bank shall pay to the Administrative Agent in Dollars its Applicable Percentage of the payment then due from any Borrower or any Additional Borrower (determined as provided in clause (i) of the immediately preceding sentence, if such payment relates to a Letter of Credit denominated in a Foreign Currency), in the same manner as provided in Section 2.4 with respect to Loans made by such Bank (and Section 2.4 shall apply, mutatis mutandis, to the payment obligations of the Banks), and the Administrative Agent shall promptly pay to the applicable Issuing Bank in Dollars the amounts so received by it from the Banks.  Promptly following receipt by the Administrative Agent of any payment from any Borrower or any Additional Borrower pursuant to this paragraph, the Administrative Agent shall distribute such payment to the applicable Issuing Bank or, to the extent that Banks have made payments pursuant to this paragraph to reimburse such Issuing Bank, then to such Banks and such Issuing Bank as their interests may appear.  Any payment made by a Bank pursuant to this paragraph to reimburse an Issuing Bank for any LC Disbursement (other than the funding of a Base Rate Loan, Euro-CurrencyTerm Benchmark Loan or Money Market Loan as contemplated above) shall not constitute a Loan and shall not relieve any Borrower or any Additional Borrower of its obligation to reimburse such LC Disbursement.
(f)    Obligations Absolute.  The Borrowers’ or Additional Borrower’s, as applicable, obligation to reimburse LC Disbursements as provided in paragraph (e) of this Section shall be absolute, unconditional and irrevocable, and shall be performed strictly in accordance with the terms of this Agreement under any and all circumstances whatsoever and irrespective of (i) any lack of validity or enforceability of any Letter of Credit or this Agreement, or any term or provision therein, (ii) any draft or other document presented under a Letter of Credit proving to be forged, fraudulent or invalid in any respect or any statement therein being untrue or inaccurate in any respect, (iii) payment by an Issuing Bank under a Letter of Credit 

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against presentation of a draft or other document that does not comply with the terms of such Letter of Credit or (iv) any other event or circumstance whatsoever, whether or not similar to any of the foregoing, that might, but for the provisions of this Section, constitute a legal or equitable discharge of, or provide a right of setoff against, any Borrower’s or any Additional Borrower’s obligations hereunder.  None of the Administrative Agent, the Banks, the Issuing Banks, or any of their Related Parties, shall have any liability or responsibility by reason of or in connection with the issuance or transfer of any Letter of Credit or any payment or failure to make any payment thereunder (irrespective of any of the circumstances referred to in the preceding sentence), or any error, omission, interruption, loss or delay in transmission or delivery of any draft, notice or other communication under or relating to any Letter of Credit (including any document required to make a drawing thereunder), any error in interpretation of technical terms or any consequence arising from causes beyond the control of the applicable Issuing Bank; provided that the foregoing shall not be construed to excuse any Issuing Bank from liability to any Borrower or any Additional Borrower to the extent of any direct damages (as opposed to consequential damages, claims in respect of which are hereby waived by any Borrower and any Additional Borrower to the extent permitted by applicable law) suffered by any Borrower or any Additional Borrower that are caused by such Issuing Bank’s failure to exercise care when determining whether drafts and other documents presented under a Letter of Credit comply with the terms thereof.  The parties hereto expressly agree that, in the absence of gross negligence or willful misconduct on the part of an Issuing Bank (as finally determined in a final, non-appealable judgment by a court of competent jurisdiction), such Issuing Bank shall be deemed to have exercised care in each such determination.  In furtherance of the foregoing and without limiting the generality thereof, the parties agree that, with respect to documents presented which appear on their face to be in substantial compliance with the terms of a Letter of Credit, an Issuing Bank may, in its sole discretion, either accept and make payment upon such documents without responsibility for further investigation, regardless of any notice or information to the contrary, or refuse to accept and make payment upon such documents if such documents are not in strict compliance with the terms of such Letter of Credit.
(g)    Disbursement Procedures.  Each Issuing Bank shall, promptly following its receipt thereof, examine all documents purporting to represent a demand for payment under a Letter of Credit.  Each Issuing Bank shall promptly notify the Administrative Agent and the applicable Borrower or the applicable Additional Borrower, as the case may be, by telephone (confirmed by telecopy) of such demand for payment and whether such Issuing Bank has made or will make an LC Disbursement thereunder; provided that any failure to give or delay in giving such notice shall not relieve such Borrower or such Additional Borrower of its obligation to reimburse such Issuing Bank and the Banks with respect to any such LC Disbursement.
(h)    Interim Interest.  If an Issuing Bank shall make any LC Disbursement, then, unless any Borrower or any Additional Borrower, as applicable, shall reimburse such LC Disbursement in full on the date such LC Disbursement is made, the unpaid amount thereof shall bear interest, for each day from and including the date such LC Disbursement is made to but excluding the date that such Borrower or such Additional Borrower reimburses such LC Disbursement, at the rate per annum then applicable to Base Rate Loans pursuant to Section 2.7; provided that, if such Borrower or such Additional Borrower, as applicable, fails to reimburse such LC Disbursement when due pursuant to paragraph (e) of this Section, then the rate applicable to overdue Base Rate Loans pursuant to the last sentence of Section 2.7(a) shall apply; provided further that, in the case of any LC Disbursement made under a Letter of Credit denominated in a Foreign Currency, the amount of interest due with respect thereto shall (i) in the case of any LC Disbursement that is reimbursed on or before the due date therefor, (A) be payable in the applicable Foreign Currency and (B) bear interest at the rate per annum then applicable to Euro-CurrencyTerm Benchmark Loans pursuant to Section 2.7 and (ii) in the case of any LC Disbursement that is reimbursed after the due date therefor, (A) be payable in Dollars, 

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(B) accrue on the Dollar Equivalent, calculated using the Exchange Rates on the date such LC Disbursement was made, of such LC Disbursement and (C) bear interest at the rate per annum then applicable to Base Rate Loans, subject to the last sentence of Section 2.7(a).  Interest accrued pursuant to this paragraph shall be for the account of the applicable Issuing Bank, except that interest accrued on and after the date of payment by any Bank pursuant to paragraph (e) of this Section to reimburse such Issuing Bank shall be for the account of such Bank to the extent of such payment.
(i)    Cash Collateralization.  If any Event of Default shall occur and be continuing, on the Business Day that any Borrower or any Additional Borrower receives notice from the Administrative Agent or the Required Banks (or, if the maturity of the Loans has been accelerated, Banks with the Dollar Equivalent of LC Exposure representing greater than 51% of the Dollar Equivalent of the total LC Exposure) demanding the deposit of cash collateral pursuant to this paragraph, such Borrower or such Additional Borrower shall deposit in an account with the Administrative Agent, in the name of the Administrative Agent and for the benefit of the Banks, an amount in Dollars and in cash equal to the Dollar Equivalent of the LC Exposure as of such date plus any accrued and unpaid interest thereon; provided that the (i) portions of such amount attributable to undrawn Letters of Credit denominated in a Foreign Currency or LC Disbursements in a Foreign Currency that such Borrower or such Additional Borrower is not late in reimbursing shall be deposited in the applicable Foreign Currencies in the actual amounts of such undrawn Letters of Credit and LC Disbursements and (ii) obligation to deposit such cash collateral shall become effective immediately, and such deposit shall become immediately due and payable in Dollars, without demand or other notice of any kind, upon the occurrence of any Event of Default with respect to such Borrower or such Additional Borrower described in clause (f) or (g) of Section 6.1.  For the purposes of this paragraph, the Dollar Equivalent of LC Exposure shall be calculated using the Exchange Rates on the date that notice demanding cash collateralization is delivered to the applicable Borrower or Additional Borrower.  Such deposit shall be held by the Administrative Agent as collateral for the payment and performance of the Obligations of such Borrower or such Additional Borrower under this Agreement.  The Administrative Agent shall have exclusive dominion and control, including the exclusive right of withdrawal, over such account.  Other than any interest earned on the investment of such deposits, which investments shall be made in Permitted Investments at such Borrower’s or such Additional Borrower’s risk and expense, such deposits shall not bear interest.  Interest or profits, if any, on such investments shall accumulate in such account.  Moneys in such account shall be applied by the Administrative Agent to reimburse the Issuing Banks for LC Disbursements for which they have not been reimbursed and, to the extent not so applied, shall be held for the satisfaction of the reimbursement obligations of such Borrower or such Additional Borrower for the LC Exposure at such time or, if the maturity of the Loans has been accelerated (but subject to the consent of Banks with LC Exposure representing greater than 51% of the total LC Exposure), be applied to satisfy other obligations of such Borrower or such Additional Borrower under this Agreement.  If any Borrower or any Additional Borrower is required to provide an amount of cash collateral hereunder as a result of the occurrence of an Event of Default, such amount (to the extent not applied as aforesaid) shall be returned to such Borrower or such Additional Borrower within three Business Days after all Events of Default have been cured or waived.
(j)    Conversion.  In the event that the Loans become immediately due and payable on any date pursuant to Section 6.1, all amounts (i) that any Borrower or any Additional Borrower is at the time, or thereafter becomes, required to reimburse or otherwise pay to the Administrative Agent in respect of LC Disbursements made under any Letter of Credit denominated in a Foreign Currency (other than amounts in respect of which such Borrower or such Additional Borrower has deposited cash collateral pursuant to Section 2.18(i), if such cash collateral was deposited in the applicable Foreign Currency to the extent so deposited or applied), (ii) that the Banks are at the time, or thereafter become, required to pay to the 

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Administrative Agent and the Administrative Agent is at the time, or thereafter becomes, required to distribute to the applicable Issuing Bank pursuant to Section 2.18(e) in respect of unreimbursed LC Disbursements made under any Letter of Credit denominated in a Foreign Currency and (iii) of each Bank’s participation in any Letter of Credit denominated in a Foreign Currency under which an LC Disbursement has been made shall, automatically and with no further action required, be converted into the Dollar Equivalent, calculated using the Exchange Rates on such date (or in the case of any LC Disbursement made after such date, on the date such LC Disbursement is made), of such amounts.  On and after such conversion, all amounts accruing and owed to the Administrative Agent, any Issuing Bank or any Bank in respect of the obligations described in this paragraph shall accrue and be payable in Dollars at the rates otherwise applicable hereunder.
SECTION 2.19 Interest Elections.  (a)  The pricing of the Loans comprising each Borrowing initially shall be as specified in the applicable Notice of Committed Borrowing or designated by Section 2.2 and, in the case of a Euro-CurrencyTerm Benchmark Borrowing, shall have an initial Interest Period as specified in such Notice of Committed Borrowing or designated by Section 2.2.  Thereafter, the applicable Borrower or applicable Additional Borrower may elect to convert such Borrowing so that it is comprised of Loans with different pricing or to continue such Borrowing and, in the case of a Euro-CurrencyTerm Benchmark Borrowing, may elect Interest Periods therefor, all as provided in this Section; provided that such Borrower or such Additional Borrower (i) may not elect to convert any Borrowing denominated in a Foreign Currency to a Base Rate Borrowing, (ii) may not elect to convert any Borrowing denominated in Sterling to any type of Borrowing other than aan RFR Borrowing, (iii) may not elect to convert any Borrowing denominated in Euro to any type of Borrowing other than a Euro-CurrencyTerm Benchmark Borrowing, (iv) may not elect to convert a Term SOFR Borrowing to a RFR Borrowing (except in accordance with Section 8.1(f)) and (ivv) may not change the currency of any Borrowing.  The applicable Borrower or applicable Additional Borrower may elect different options with respect to different portions of the affected Borrowing, in which case each such portion shall be allocated ratably among the Banks holding the Loans comprising such Borrowing, and the Loans comprising each such portion shall be considered a separate Borrowing.
(b)    To make an election pursuant to this Section, the applicable Borrower or applicable Additional Borrower shall notify the Administrative Agent of such election by telephone by the time that a Notice of Committed Borrowing would be required under Section 2.2 if such Borrower or such Additional Borrower were requesting a Borrowing comprised of Loans with the pricing resulting from such election to be made on the effective date of such election.  Each such telephonic interest election request shall be irrevocable and shall be confirmed promptly by hand delivery or telecopy to the Administrative Agent of a written interest election request signed by the applicable Borrower or applicable Additional Borrower.
(c)    Each telephonic and written interest election request shall specify the following information:
(i)    the Borrowing to which such interest election request applies and, if different options are being elected with respect to different portions thereof, the portions thereof to be allocated to each resulting Borrowing (in which case the information to be specified pursuant to clauses (iii) and (iv) below shall be specified for each resulting Borrowing);
(ii)    the effective date of the election made pursuant to such interest election request, which shall be a Business Day;

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(iii)    whether the resulting Borrowing is to be a Base Rate Borrowing or a Euro-CurrencyTerm Benchmark Borrowing; and
(iv)    if the resulting Borrowing is a Euro-CurrencyTerm Benchmark Borrowing, the Interest Period to be applicable thereto after giving effect to such election, which shall be a period contemplated by the definition of the term “Interest Period”.

If any such interest election request requests a Euro-CurrencyTerm Benchmark Borrowing but does not specify an Interest Period, then the applicable Borrower or applicable Additional Borrower shall be deemed to have selected an Interest Period of one month’s duration.
(d)    Promptly following receipt of an interest election request, the Administrative Agent shall advise each Bank of the details thereof and of such Bank’s portion of each resulting Borrowing.
(e)    If any Borrower fails to deliver a timely interest election request with respect to a Euro-CurrencyTerm Benchmark Borrowing prior to the end of the Interest Period applicable thereto, then, unless such Borrowing is repaid as provided herein, at the end of such Interest Period such Borrowing shall be converted to a Euro-CurrencyTerm Benchmark Borrowing with an Interest Period of one month.  Notwithstanding any contrary provision hereof, if an Event of Default has occurred and is continuing and (except in the case of an Event of Default under Section 6.1(f) or Section 6.1(g)) the Administrative Agent, at the request of the Required Banks, so notifies the applicable Borrower or applicable Additional Borrower, then, so long as an Event of Default is continuing (i) no outstanding Borrowing may be converted to or continued as a Euro-CurrencyTerm Benchmark Borrowing and (ii) unless repaid, (x) each Euro-CurrencyTerm Benchmark Borrowing denominated in Dollars shall be converted to a Base Rate Borrowing at the end of the Interest Period applicable thereto and (y) each Euro-CurrencyTerm Benchmark Borrowing denominated in Euro shall, at the end of the Interest Period applicable thereto, be continued as a Euro-CurrencyTerm Benchmark Borrowing with an Interest Period of one month.
SECTION 2.20 Defaulting Banks.  (a)  Notwithstanding any provision of this Agreement to the contrary, if one or more Banks become Defaulting Banks, then, upon notice to such effect by the Administrative Agent (which notice shall be given promptly after the Administrative Agent becomes aware that any Bank shall have become a Defaulting Bank, including as a result of being advised thereof by any Issuing Bank or the Lead Borrower), the following provisions shall apply for so long as any such Bank is a Defaulting Bank:
(i)    no commitment fee shall accrue on the unused amount of any Commitment of any Defaulting Bank pursuant to Section 2.8(a);
(ii)    the Commitment and Revolving Exposure of each Defaulting Bank shall be disregarded in determining whether the requisite Banks shall have taken any action hereunder or under any other Loan Document (including any consent to any waiver, amendment or other modification pursuant to Section 9.5); provided that any waiver, amendment, or other modification that, disregarding the effect of this clause (ii), requires the consent of each Bank directly affected thereby pursuant to clause (a), (b) or (c) of Section 9.5 shall continue to require the consent of each Defaulting Bank directly affected thereby in accordance with the terms hereof; provided, further, that any waiver, amendment or other modification of this Section 2.20(a)(ii) or clause (a), (b) or (c) of Section 9.5 at any time that a Bank is a Defaulting Bank shall require the consent of such Defaulting Bank if such Defaulting Bank would be directly adversely affected thereby;

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(iii)    if any LC Exposure exists at the time any Bank becomes a Defaulting Bank (each Letter of Credit to which such LC Exposure is attributable being referred to as a “Reallocated Letter of Credit”), then:
(A)  subject to clause (B) below, the participation of each Non-Defaulting Bank in each Reallocated Letter of Credit shall be adjusted to be determined under Section 2.18(d) on the basis of such Bank’s Adjusted Applicable Percentage (and all references in Section 2.18 to “Applicable Percentage” shall be deemed to be references to “Adjusted Applicable Percentage”);
(B)    notwithstanding the foregoing:
(1)    if any Bank that becomes a Defaulting Bank shall be an Issuing Bank or an Affiliate thereof, no adjustment shall be made pursuant to clause (A) above with respect to participations in any Letter of Credit issued by such Issuing Bank;
(2)    if all the Defaulting Banks’ Applicable Percentage of the LC Exposure attributable to the Reallocated Letters of Credit (the “Defaulting Bank LC Exposure”) exceeds the unused portion of the Commitments of the Non-Defaulting Banks as of the time the adjustments are to be made pursuant to clause (A) above (such unused portion being referred to as the “Maximum Incremental Participation Amount”), then the incremental amount of participations acquired by the Non-Defaulting Banks under clause (A) above (the “Incremental LC Participations”) shall not exceed at any time the Maximum Incremental Participation Amount;
(3)    adjustments under Section 2.20(a)(iii)(A) and (B) above shall only be made to the extent that, after giving effect to such adjustments, the Revolving Exposure of any Non-Defaulting Bank shall not exceed its Commitment; and
(4)    no adjustment shall be made under Section 2.20(a)(iii)(A) or (B) above if, at the time such adjustment is made, an Event of Default has occurred and is continuing;
(C)    if the Defaulting Bank LC Exposure exceeds the Maximum Incremental Participation Amount, then the applicable Borrower or applicable Additional Borrower shall, within five Business Days after receipt of written notice to that effect from the Administrative Agent, cash collateralize the Reallocated Letters of Credit (in a manner and under documentation reasonably satisfactory to the Administrative Agent) in an aggregate amount equal to the excess, if any, of the Defaulting Bank LC Exposure over the Maximum Incremental Participation Amount or, if agreed to by the applicable Issuing Bank, enter into other arrangements with respect to the Reallocated Letters of Credit on terms mutually agreed between such Issuing Bank and the applicable Borrower or applicable Additional Borrower;
(D)    if any Reallocated Letter of Credit shall have been cash collateralized by the applicable Borrower or applicable Additional Borrower pursuant to clause  (C) above, then (x) the applicable Borrower or applicable Additional Borrower shall not be required to pay any letter of credit participation fees pursuant to Section 2.8(b) with respect to the portion of such Reallocated 

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Letter of Credit that is so cash collateralized and (y) to the extent any letter of credit participation fees are not required to be paid by reason of clause (x) above, the reduction in the amount of such fees shall be allocated to the Defaulting Banks;
(E)    if an adjustment shall have been made pursuant to clause (A) above to the participations of the Non-Defaulting Banks in Reallocated Letters of Credit, then the letter of credit participation fees that would otherwise have been payable to the Banks that are Defaulting Banks pursuant to Section 2.8(b) with respect to the portion of such Reallocated Letters of Credit equal to the Incremental LC Participations therein shall instead accrue for the accounts of, and be payable to, the Banks that are Non-Defaulting Banks in accordance with their Adjusted Applicable Percentages;
(F)    if the Defaulting Bank LC Exposure at any time shall exceed the sum of the Incremental LC Participations at such time and the portion of the Reallocated Letters of Credit cash collateralized at such time pursuant to clause (C) above, then, without prejudice to any rights or remedies of any Issuing Bank or any Non-Defaulting Bank hereunder, all letter of credit participation fees payable to the Banks that are Defaulting Banks under Section 2.8(b) with respect to the portion of the Defaulting Bank LC Exposure equal to such excess shall instead accrue for the account of, and be payable to, the applicable Issuing Bank that shall have issued the Reallocated Letters of Credit; and
(G)    the Revolving Exposure of each Non-Defaulting Bank shall be determined after giving effect to the Incremental LC Participations acquired by such Bank under the foregoing clauses of this clause (iii);
(iv)    in the event any Letter of Credit shall be issued or amended to increase the amount thereof, (A) the participations of the Non-Defaulting Banks therein shall be determined in the manner set forth in clause (iii)(A) above, as if such Letter of Credit shall have been a Reallocated Letter of Credit, and (B) letter of credit participation fees that would otherwise have been payable to the Banks that are Defaulting Banks pursuant to Section 2.8(b) in respect of any such Letter of Credit shall be subject to clause (iii)(E) above; provided, however, that, notwithstanding anything to the contrary set forth herein, no Issuing Bank shall be required to issue, extend, renew or increase the amount of any Letter of Credit unless it is satisfied that the Defaulting Banks’ Applicable Percentage of the LC Exposure attributable to such Letter of Credit will be entirely covered by participations therein of the Non-Defaulting Banks and/or cash collateral or other arrangements satisfactory to such Issuing Bank provided by the applicable Borrower or applicable Additional Borrower (in a manner and under documentation satisfactory to such Issuing Bank); and
(v)    any amount payable to or for the account of any Defaulting Bank in its capacity as a Bank hereunder (whether on account of principal, interest, fees or otherwise, and including any amounts payable to such Defaulting Bank pursuant to Sections 2.10 and 2.11, but excluding any amounts payable to such Defaulting Bank pursuant to Sections 2.13, 2.15, 2.17, 8.3 and 9.3) shall, in lieu of being distributed to such Defaulting Bank, be retained by the Administrative Agent in a segregated account and, subject to any applicable requirements of law, (A) be applied, at such time or times as may be determined by the Administrative Agent, (1) first, to the payment of any amounts owing by such Defaulting Bank to the Administrative Agent hereunder, (2) second, to the payment of any amounts owing by such Defaulting Bank to each Issuing Bank in respect of such Defaulting Bank’s participations in Letters of Credit (and to the 

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extent any such amounts shall have been paid by Non-Defaulting Banks as a result of adjustments pursuant to clause (iii) above, to reimburse such Non-Defaulting Banks for such amounts), (3) third, to cash collateralize participation obligations of such Defaulting Bank in respect of outstanding Letters of Credit (with the concurrent release of an equivalent amount any cash collateral or other collateral security, if any, provided by the applicable Borrower pursuant to this Section) and (4) fourth, to the funding of such Defaulting Bank’s Applicable Percentage of any Borrowing in respect of which such Defaulting Bank shall have failed to fund such share as required hereunder, (B) to the extent not applied as aforesaid, be held, if so determined by the Administrative Agent, as cash collateral for funding obligations of such Defaulting Bank in respect of future Loans hereunder, (C) to the extent not applied or held as aforesaid, be applied, pro rata, to the payment of any amounts owing to any Borrower or the Non-Defaulting Banks as a result of any judgment of a court of competent jurisdiction obtained by any Borrower or any Non-Defaulting Bank against such Defaulting Bank as a result of such Defaulting Bank’s breach of its obligations hereunder and (D) to the extent not applied or held as aforesaid, be distributed to such Defaulting Bank or as otherwise directed by a court of competent jurisdiction.
(b)    In the event the Administrative Agent, the Issuing Banks and the Borrowers shall have agreed that a Bank that is a Defaulting Bank has adequately remedied all matters that caused such Bank to become a Defaulting Bank, then (i) such Bank shall cease to be a Defaulting Bank for all purposes hereof, (ii) the obligations of the Banks to purchase participations in Letters of Credit under Section 2.18(d) shall be readjusted to be determined on the basis of such Banks’ Applicable Percentages and (iii) such Bank shall purchase at par such of the Loans of the other Banks as the Administrative Agent shall determine to be necessary in order for the Loans to be held by the Banks in accordance with their Applicable Percentages.
(c)    No Commitment of any Bank shall be increased or otherwise affected and, except as otherwise expressly provided in this Section, performance by any Borrower and any Additional Borrower of its Obligations hereunder and under the other Loan Documents shall not be excused or otherwise modified as a result of the operation of this Section.  The rights and remedies against a Defaulting Bank under this Section are in addition to other rights and remedies that any Borrower, any Additional Borrower, the Administrative Agent, the Issuing Banks or any Non-Defaulting Bank may have against such Defaulting Bank (and, for the avoidance of doubt, each Non-Defaulting Bank shall have a claim against any Defaulting Bank for any losses it may suffer as a result of the operation of this Section).
SECTION 2.21 Payments Generally.
(a)    If at any time insufficient funds are received by and available to the Administrative Agent to pay fully all amounts of principal, unreimbursed LC Disbursements, interest and fees then due hereunder, such funds shall be applied (i) first, towards payment of interest and fees then due hereunder, ratably among the parties entitled thereto in accordance with the amounts of interest and fees then due to such parties, and (ii) second, towards payment of principal and unreimbursed LC Disbursements then due hereunder, ratably among the parties entitled thereto in accordance with the amounts of principal and unreimbursed LC Disbursements then due to such parties.
(b)    If any Bank shall fail to make any payment required to be made by it hereunder to or for the account of the Administrative Agent or any Issuing Bank, then the Administrative Agent may, in its discretion (notwithstanding any contrary provision hereof), until all such unsatisfied obligations have been discharged, (i) apply any amounts thereafter received by the Administrative Agent for the account of such Bank to satisfy such Bank’s obligations in respect of such payment or (ii) hold any such amounts in a segregated account as 

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cash collateral for, and application to, any future funding obligations of such Bank pursuant to Sections 2.4(b), 2.4(c), 2.12(b), 2.18(d) and 2.18(e), in each case in such order as shall be determined by the Administrative Agent in its discretion.
SECTION 2.22 Extension of Termination Date.  (a)  On no more than two occasions, the Borrowers may, by delivery of a Termination Date Extension Request to the Administrative Agent (which shall promptly deliver a copy thereof to each Bank) not more than 90 days but not less than 30 days prior to each of June 18, 2025, and June 18, 2026, request that the Banks extend the then-existing Termination Date (the “Existing Termination Date”) by not more than one additional year in accordance with this Section.  Each Termination Date Extension Request shall specify the date to which the Termination Date is sought to be extended.  In the event a Termination Date Extension Request shall have been delivered by the Borrowers, each Bank shall have the right to agree to the extension of the Existing Termination Date with regard to its entire Commitment on the terms and subject to the conditions set forth therein (each Bank agreeing to the Termination Date Extension Request being referred to herein as a “Consenting Bank” and each Bank not agreeing thereto being referred to herein as a “Declining Bank”), which right may be exercised by written notice thereof delivered to the Borrowers (with a copy to the Administrative Agent) not later than a day to be agreed upon by the Borrowers and the Administrative Agent following the date on which the Termination Date Extension Request shall have been delivered by the Borrowers (it being understood and agreed that any Bank that shall have failed to exercise such right as set forth above shall be deemed to be a Declining Bank).  If a Consenting Bank shall have agreed to such Termination Date Extension Request in respect of Commitments held by them, then, subject to paragraph  (c) of this Section, on the date specified in the Termination Date Extension Request as the effective date thereof (the “Extension Effective Date”), the Existing Termination Date of the applicable Commitments shall, as to the Consenting Banks, be extended to such date as shall be specified therein.
(b)    Notwithstanding the foregoing, the Borrowers shall have the right, in accordance with the provisions of Sections 2.16(b) and 9.6, at any time prior to the Existing Termination Date, to replace a Declining Bank with a Bank or other financial institution that will agree to such Termination Date Extension Request, and any such replacement Bank shall for all purposes constitute a Consenting Bank in respect of the Commitment assigned to and assumed by it on and after the effective time of such replacement.
(c)    If a Termination Date Extension Request has become effective hereunder:
(i)    not later than the fifth Business Day prior to the Existing Termination Date, the Borrowers shall make prepayments of Loans and shall provide cash collateral in respect of Letters of Credit in the manner set forth in Section 2.18(i), such that, after giving effect to such prepayments and such provision of cash collateral, the Revolving Exposure as of such date will not exceed the aggregate Commitments of the Consenting Banks extended pursuant to this Section (and the Borrowers shall not be permitted thereafter to request any Loan or any issuance, amendment, renewal or extension of a Letter of Credit if, after giving effect thereto, the Revolving Exposure would exceed the aggregate amount of the Commitments of such Commitments so extended);
(ii)    on the Existing Termination Date, the Commitment of each Declining Bank shall, to the extent not assumed, assigned or transferred as provided in paragraph  (b) of this Section, terminate, and the Borrowers shall repay all the Loans of each Declining Bank, to the extent such Loans shall not have been so purchased, assigned and transferred, in each case together with accrued and unpaid interest and all fees and other amounts owing to such 

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Declining Bank hereunder, it being understood and agreed that, subject to satisfaction of the conditions set forth in Section 3.2, such repayments may be funded with the proceeds of new Borrowings made simultaneously with such repayments by the Consenting Banks, which such Borrowings shall be made ratably by the Consenting Banks in accordance with their extended Commitments; and
(iii)    notwithstanding the foregoing, no Termination Date Extension Request shall become effective hereunder unless (A) the Consenting Banks hold a majority of the then outstanding Commitments and (B) on the Extension Effective Date, the conditions set forth in Section 3.2 shall be satisfied (with all references in such Section to a Borrowing being deemed to be references to such Termination Date Extension Request) and the Administrative Agent shall have received a certificate to that effect dated such date and executed by the chief financial officer, principal accounting officer, treasurer or controller of the Lead Borrower, or any other officer performing the duties that are customarily performed by a chief financial officer, principal accounting officer, treasurer or controller.
(d)    Notwithstanding any provision of this Agreement to the contrary, it is hereby agreed that no extension of an Existing Termination Date in accordance with the express terms of this Section, or any amendment or modification of the terms and conditions of the Commitments of the Consenting Banks effected pursuant thereto, shall be deemed to (i) violate Section 2.21(a) or any other provision of this Agreement requiring the ratable reduction of Commitments or the ratable sharing of payments or (ii) require the consent of all Banks or all affected Banks under Section 9.5.
(e)    The Borrowers, the Administrative Agent and the Consenting Banks may enter into an amendment to this Agreement to effect such modifications as may be necessary to reflect the terms of any Termination Date Extension Request that has become effective in accordance with the provisions of this Section.
SECTION 2.23 Sustainability Adjustments.
(a)    No later than the fifth (5th) Business Day after the Lead Borrower provides a Pricing Certificate in respect of the most recently ended fiscal year (such day, the “Sustainability Pricing Adjustment Date”), (i) the Applicable Rate shall be increased or decreased (or neither increased nor decreased), as applicable, pursuant to the Sustainability Rate Adjustment as set forth in such Pricing Certificate and (ii) the Commitment Fee Rate shall be increased or decreased (or neither increased nor decreased), as applicable, pursuant to the Sustainability Fee Adjustment as set forth in the Pricing Certificate.  For purposes of the foregoing, (A) each of the Sustainability Rate Adjustment and the Sustainability Fee Adjustment shall be determined based upon the KPI Metrics set forth in such Pricing Certificate and the calculations of the Sustainability Rate Adjustment and the Sustainability Fee Adjustment, as applicable, therein and (B) each change in the Applicable Rate and the Commitment Fee Rate resulting from a Pricing Certificate shall be effective during the period commencing on and including the applicable Sustainability Pricing Adjustment Date and ending on the date immediately preceding the next such Sustainability Pricing Adjustment Date (or, in the case of non-delivery of a Pricing Certificate, the last day such Pricing Certificate could have been delivered pursuant to the terms of Section 5.01(j)).
(b)    For the avoidance of doubt, only one Pricing Certificate may be delivered in respect of any fiscal year.  It is further understood and agreed that the Applicable Rate will never be reduced or increased by more than 0.05%, and the Commitment Fee Rate will 

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never be reduced or increased by more than 0.01%, in each case pursuant to the Sustainability Rate Adjustment or the Sustainability Fee Adjustment, as applicable, during any fiscal year.  For the avoidance of doubt, any adjustment to the Applicable Rate or the Commitment Fee Rate by reason of meeting one or both KPI Metrics in any year shall not be cumulative year-over-year.
(c)    It is hereby understood and agreed that if no such Pricing Certificate is delivered by the Lead Borrower within the period set forth in Section 5.01(j), the Sustainability Rate Adjustment will be a positive 0.05% and the Sustainability Fee Adjustment will be a positive 0.01%, in each case commencing on the last day such Pricing Certificate could have been delivered pursuant to the terms of Section 5.01(j) and continuing until the Lead Borrower delivers a Pricing Certificate to the Administrative Agent.

(d)    If (i)(A) the Lead Borrower, any Bank or any Issuing Bank becomes aware of any material inaccuracy in the Sustainability Rate Adjustment, the Sustainability Fee Adjustment or the KPI Metrics as reported in a Pricing Certificate (any such material inaccuracy, a “Pricing Certificate Inaccuracy”) and, in the case of any Bank or any Issuing Bank, such Bank or Issuing Bank delivers, not later than 10 Business Days after obtaining knowledge thereof, a written notice to the Administrative Agent describing such Pricing Certificate Inaccuracy in reasonable detail (which description shall be shared with each Bank, each Issuing Bank and the Lead Borrower), or (B) the Lead Borrower and the Banks agree that there was a Pricing Certificate Inaccuracy at the time of delivery of a Pricing Certificate, and (ii) a proper calculation of the Sustainability Rate Adjustment, the Sustainability Fee Adjustment or the KPI Metrics would have resulted in an increase in the Applicable Rate or the Commitment Fee Rate for any period, then the Lead Borrower shall be obligated to pay to the Administrative Agent for the account of the applicable Banks or the applicable Issuing Banks, 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 (or any comparable event under non-U.S. Debtor Relief Laws), automatically and without further action by the Administrative Agent, any Bank or any Issuing Bank), but in any event within 10 Business Days after the Lead Borrower has received such demand, an amount equal to the excess of (1) the amount of interest and fees that should have been paid for such period over (2) the amount of interest and fees actually paid for such period.  If the Lead Borrower becomes aware of any Pricing Certificate Inaccuracy and, in connection therewith, if a proper calculation of the Sustainability Rate Adjustment, the Sustainability Fee Adjustment or the KPI Metrics would have resulted in a decrease in the Applicable Rate and the Commitment Fee Rate for any period, then, upon receipt by the Administrative Agent of notice from the Lead Borrower of such Pricing Certificate Inaccuracy (which notice shall include corrections to the calculations of the Sustainability Rate Adjustment, the Sustainability Adjustment or the KPI Metrics, as applicable), commencing on the Business Day following receipt by the Administrative Agent of such notice, the Applicable Rate shall be adjusted to reflect the corrected calculations of the Sustainability Rate Adjustment, the Sustainability Fee Adjustment or the KPI Metrics, as applicable.

It is understood and agreed that any Pricing Certificate Inaccuracy shall not constitute a Default or Event of Default; provided that if a proper calculation of the Sustainability Rate Adjustment, the Sustainability Fee Adjustment or the KPI Metrics would have resulted in an increase in the Applicable Rate or the Commitment Fee Rate for any period, the Lead Borrower complies with the terms of this Section 2.23 with respect to such Pricing Certificate Inaccuracy. Notwithstanding anything to the contrary herein, unless such amounts shall be due upon the occurrence of an actual or deemed entry of an order for relief with respect to a Borrower or Additional Borrower under the Bankruptcy Code (or any comparable event under non-U.S. Debtor Relief Laws), (i) any additional amounts required to be paid pursuant the immediate preceding paragraph shall not be due and payable until a written demand is made for such payment by the Administrative Agent in accordance with such paragraph, (ii) any 

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nonpayment of such additional amounts prior to or upon such demand for payment by Administrative Agent shall not constitute a Default (whether retroactively or otherwise) and (iii) none of such additional amounts shall be deemed overdue prior to such a demand or shall accrue interest at the applicable default rate specified in Section 2.7 prior to such a demand.

(e)    Each party hereto hereby agrees that the Administrative Agent shall not have any responsibility for (or liability in respect of) reviewing, auditing or otherwise evaluating any calculation by the Lead Borrower of any Sustainability Rate Adjustment or any Sustainability Fee Adjustment (or any of the data or computations that are part of or related to any such calculation) set forth in any Pricing Certificate (and the Administrative Agent may rely conclusively on any such certificate, without further inquiry).

ARTICLE III

CONDITIONS
SECTION 3.1  Effectiveness.  This Agreement shall become effective on the date that each of the following conditions shall have been satisfied (or waived in accordance with Section 9.5):
(a)    receipt by the Administrative Agent of counterparts hereof signed by each of the parties hereto;
(b)    receipt by the Administrative Agent for the account of each Bank requesting a Note of a duly executed Note dated on or before the Effective Date complying with the provisions of Section 2.5;

(c)    receipt by the Administrative Agent of a certificate of the chief financial officer, the treasurer, an assistant treasurer or appropriate directors (in the case of Trane Ireland and Trane Parent) of each of Trane Parent and each Borrower stating that the representations and warranties of each of Trane Parent and each Borrower set forth in Article IV hereof are true in all material respects as of the date of such certificate;

(d)    receipt by the Administrative Agent of (i) an opinion of Evan M. Turtz, as (x) Senior Vice President, General Counsel and Secretary of TTC LLC, (y) Senior Vice President, General Counsel and Secretary of Trane Global and (z) President and Secretary of Trane Holdco, in form and substance reasonably satisfactory to the Administrative Agent, (ii) an opinion of Arthur Cox, Irish counsel to Trane Parent, Trane Ireland and Trane Technologies Irish Holdings Unlimited Company, in form and substance reasonably satisfactory to the Administrative Agent and (iii) an opinion of Loyens & Loeff Luxembourg S.à r.l., Luxembourg counsel to Trane Technologies Lux International Holding Company S.à r.l., in form and substance reasonably satisfactory to the Administrative Agent;

(e)    receipt by the Administrative Agent of a certificate of the secretary, assistant secretary or appropriate directors (in the case of Trane Ireland, Trane Irish Holdings and Trane Parent) or managers (in the case of Trane Technologies Lux International Holding Company S.à r.l.) of each Borrower and each Guarantor, dated as of the Effective Date, certifying (i) that attached thereto is a true and complete copy of each organizational document of such Borrower or such Guarantor certified (to the extent applicable) as of a recent date by the appropriate Governmental Authority, (ii) that attached thereto is a true and complete copy of resolutions duly adopted by the board of directors or managers (in the case of Trane Technologies Lux International Holding Company S.à r.l.) of such Borrower or such Guarantor authorizing (A) the execution, 

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delivery and performance of any Loan Documents to which such Borrower or such Guarantor is a party and (B) in the case of a Borrower, the Borrowings hereunder, and, in each case, that such resolutions have not been modified, rescinded or amended and are in full force and effect, (iii) as to the incumbency and specimen signature of each officer or appropriate director (in the case of Trane Ireland, Trane Irish Holdings and Trane Parent) or manager (in the case of Trane Technologies Lux International Holding Company S.à r.l.) executing any Loan Document or any other document delivered in connection herewith on behalf of such Borrower or such Guarantor (together with a certificate of another officer as to the incumbency and specimen signature of the secretary or assistant secretary or appropriate directors (in the case of Trane Ireland, Trane Irish Holdings and Trane Parent) or managers (in the case of Trane Technologies Lux International Holding Company S.à r.l.) executing the certificate in this clause (e)) and (iv) that there have been no changes in the certificate of incorporation or bylaws (or equivalent organizational document) of such Borrower or such Guarantor from the certificate of incorporation or bylaws (or equivalent organizational document) delivered pursuant to clause (i) above;

(f)    receipt by the Administrative Agent of all fees and expenses payable to the Administrative Agent or any Bank on or prior to the Effective Date hereunder and under the Fee Letters, including reimbursement or payment of all reasonable out-of-pocket expenses (including the expenses of counsel) required to be reimbursed or paid by the Borrowers hereunder, in each case to the extent invoiced at least two Business Days prior to the Effective Date;

(g)(i) receipt by the Administrative Agent at least three Business Days prior to the Effective Date of all documentation and other information required by bank regulatory authorities under applicable “know your customer” and anti-money laundering rules and regulations, including the Patriot Act, that has been requested at least 10 Business Days prior to the Effective Date, and (ii) to the extent that any Borrower qualifies as a “legal entity customer” under the Beneficial Ownership Regulation, receipt, at least five days prior to the Effective Date, by each Bank that has requested, in a written notice to the Borrowers at least 10 days prior to the Effective Date, a Beneficial Ownership Certification in relation to such Borrower, of each requested Beneficial Ownership Certification; and

(h)    termination of commitments under, and repayment of any amounts outstanding under, the 2020 Existing Credit Agreement.  Each Bank party hereto that is also a “Bank” under the 2020 Existing Credit Agreement hereby waives the requirement for advance notice of termination of “Commitments” under the 2020 Existing Credit Agreement and prepayment of any “Loans” outstanding thereunder; provided such notice of termination and prepayment is delivered on the Effective Date of this Agreement.

The Administrative Agent shall promptly notify the Borrowers and the Banks of the Effective Date, and such notice shall be conclusive and binding on all parties hereto.
SECTION 3.2  Borrowings.  The obligation of any Bank to make a Loan on the occasion of any Borrowing and of any Issuing Bank to issue, amend, renew or extend any Letter of Credit (as applicable) is subject to the satisfaction of the following conditions:
(a)    in the case of any Borrowing, receipt by the Administrative Agent of a Notice of Borrowing as required by Section 2.2 or 2.3, as the case may be;

(b)    immediately after such Borrowing, or the issuance, amendment, renewal or extension of such Letter of Credit, the Dollar Equivalent of the aggregate outstanding principal 

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amount of the Loans plus the Dollar Equivalent of the LC Exposure will not exceed the aggregate amount of the Commitments;

(c)    in the case of a Borrowing, other than a Refunding Borrowing, or an issuance, amendment, renewal or extension of a Letter of Credit:

(i)    immediately before and after such Borrowing or the issuance, amendment, renewal or extension of such Letter of Credit, no Default shall have occurred and be continuing;
(ii)    immediately before and after such Borrowing or the issuance, amendment, renewal or extension of such Letter of Credit, no event or condition shall have occurred and be continuing which permits any holder of any Material Debt or any Person acting on such holder’s behalf to accelerate the maturity thereof; and
(iii)    except to the extent any representation or warranty expressly relates only to an earlier date, the fact that the representations and warranties of Trane Parent and each Borrower contained in this Agreement (except the representations and warranties set forth in Sections 4.4(b), 4.5, 4.7 and 4.11(b)) shall be true in all material respects on and as of the date of such Borrowing or the issuance, amendment, renewal or extension of such Letter of Credit; and
(d)    on the date of such Borrowing or the issuance, amendment, renewal or extension of such Letter of Credit, none of the Borrowers nor Trane Parent shall be in arrears on payments of principal under, or in arrears for more than five days on payments of interest due under, the 2018 52022 5-Year Existing Credit Agreement.
Each Borrowing and each issuance, amendment, renewal or extension of a Letter of Credit hereunder shall be deemed to be a representation and warranty by each Borrower and each Additional Borrower on the date of such Borrowing or the issuance, amendment, renewal or extension of such Letter of Credit as to the facts specified in clause (b) of this Section and each Borrowing, other than a Refunding Borrowing, and each issuance, amendment, renewal or extension of a Letter of Credit shall be deemed to be a representation and warranty by each Borrower and each Additional Borrower on the date of such Borrowing or the issuance, amendment, renewal or extension of such Letter of Credit as to the facts specified in clause (c) of this Section.
ARTICLE IV

REPRESENTATIONS AND WARRANTIES
Each of Trane Parent and each Borrower represents and warrants that:
SECTION 4.1  Corporate Existence and Power.  Each Loan Party is a company duly organized, validly existing and in good standing (to the extent the concept of “good standing” exists under the laws of such jurisdiction) under the laws of the jurisdiction of its organization, and has all organizational powers and all material governmental licenses, authorizations, consents and approvals required to carry on its business as now conducted.
SECTION 4.2 Organizational and Governmental Authorization; No Contravention.  The execution, delivery and performance by each Loan Party of the Loan Documents to which it is a party are within such Loan Party’s organizational powers, have been duly authorized by all necessary organizational action, require no action by or in respect of, or filing with, any governmental body, agency or official and do not contravene, or constitute a default under, any provision of applicable law or regulation or of the organizational documents of such Loan Party or of any judgment, injunction, order or decree binding upon such Loan Party 

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or of any limitation on borrowing imposed by any agreement or other instrument binding upon such Loan Party.
SECTION 4.3 Binding Effect.  This Agreement constitutes a valid and binding agreement of each Loan Party and the Notes, when executed and delivered in accordance with this Agreement, will constitute valid and binding obligations of each Borrower or applicable Additional Borrower, in each case enforceable in accordance with its respective terms subject to the effects of bankruptcy, insolvency, fraudulent conveyance, reorganization, moratorium and other similar laws relating to or affecting creditors’ rights generally, general equitable principles (whether considered in a proceeding in equity or at law) and an implied covenant of good faith and fair dealing.
SECTION 4.4 Financial Information; No Material Adverse Change.  (a)  The consolidated balance sheet of Trane Parent and its Consolidated Subsidiaries as of December 31, 2020, and the related consolidated statements of income, equity and cash flows for the fiscal year then ended, reported on by PricewaterhouseCoopers LLP and set forth in Trane Parent’s 2020 Form 10-K, fairly present, in conformity with GAAP, the consolidated financial position of Trane Parent and its Consolidated Subsidiaries as of such date and their consolidated results of operations and cash flows for such fiscal year.
(b)    Since December 31, 2020, there has been no material adverse change in the business, financial position or results of operations of Trane Parent and its Consolidated Subsidiaries, considered as a whole.
SECTION 4.5 Litigation.  Except for the litigation disclosed under Part I, Item 3 and Note 22 under the heading “Commitments and Contingencies” in Trane Parent’s 2020 Form 10-K, there is no action, suit or proceeding pending against, or to the knowledge of Trane Parent or any Borrower threatened against or affecting Trane Parent, the Borrowers or any of their respective Subsidiaries before any court or arbitrator or any governmental body, agency or official in which there is a reasonable possibility of an adverse decision which would materially adversely affect the business, consolidated financial position or consolidated results of operations of Trane Parent and its Consolidated Subsidiaries, taken as a whole, or which in any manner draws into question the validity of this Agreement or the Notes.
SECTION 4.6 Compliance with ERISA.  Except where the liability that could reasonably be expected to be incurred would be in an amount that would not have a Material Adverse Effect: (a) within the preceding five years, each member of the ERISA Group as in effect immediately prior to the date hereof has fulfilled its obligations under the minimum funding standards of ERISA and the Internal Revenue Code with respect to each Plan and is in compliance in all material respects with the presently applicable provisions of ERISA and the Internal Revenue Code with respect to each Plan; and (b) no member of the ERISA Group as in effect immediately prior to the date hereof has, within the preceding five years, (i) sought a waiver of the minimum funding standard under Section 412 of the Internal Revenue Code or Section 302 of ERISA in respect of any Plan, (ii) failed to make any required contribution or payment to any Plan or Multiemployer Plan or in respect of any Benefit Arrangement, or made any amendment to any Plan or Benefit Arrangement, which has resulted or would reasonably be expected to result in the imposition of a Lien or the posting of a bond or other security under ERISA or the Internal Revenue Code, (iii) incurred any liability to the PBGC under Title IV of ERISA (other than a liability to the PBGC for premiums under Section 4007 of ERISA or contributions in the normal course), (iv) incurred any liability in connection with a Plan under Section 4201 of ERISA or (v) determined that any Plan is, or is expected to be, in “at-risk” status (as defined in Section 303(i)(4) of ERISA or Section 430(i)(4) of the Internal Revenue Code).

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SECTION 4.7 Environmental Matters.  In the ordinary course of its business, Trane Parent conducts an ongoing review of the effect of Environmental Laws on the business, operations and properties of Trane Parent and its Subsidiaries, in the course of which it identifies and evaluates associated liabilities and costs (including, without limitation, any capital or operating expenditures required for clean-up or closure of properties presently or previously owned, any capital or operating expenditures required to achieve or maintain compliance with environmental protection standards imposed by law or as a condition of any license, permit or contract, any related constraints on operating activities, including any periodic or permanent shutdown or any facility or reduction in the level of or change in the nature of operations conducted thereat and any actual or potential liabilities to third parties, including employees, and any related costs and expenses).  On the basis of this review, Trane Parent has reasonably concluded that Environmental Laws are unlikely to have a Material Adverse Effect.
SECTION 4.8 Taxes.  Trane Parent, the Borrowers and their respective Subsidiaries have filed all material United States federal, Luxembourg and Ireland income tax returns, as applicable, and all other material tax returns which are required to be filed by them and have paid all taxes shown to be due pursuant to such returns or pursuant to any material assessment received by Trane Parent, any Borrower or any Subsidiary, except for any such tax, assessment, charge or levy the payment of which is being contested in good faith by Trane Parent, such Borrower or such Subsidiary as of the date this representation is made.  The charges, accruals and reserves on the books of each of Trane Parent, each Borrower and their respective Subsidiaries in respect of taxes or other governmental charges are, in the opinion of Trane Parent and each Borrower, adequate in all material respects.
SECTION 4.9 Subsidiaries.  The Borrowers’ and Trane Parent’s Material Subsidiaries are legal entities duly incorporated or otherwise formed, validly existing and in good standing under the laws of their respective jurisdictions of organization (to the extent the concept of “good standing” exists under the laws of such jurisdiction), and have all organizational powers and all material governmental licenses, authorizations, consents and approvals required to carry on their respective businesses as now conducted.
SECTION 4.10 Not an Investment Company.  No Loan Party is an “investment company” within the meaning of the Investment Company Act of 1940, as amended.
SECTION 4.11 Full Disclosure.  (a)  All information (including, for the avoidance of doubt, any KPI Metrics Report) heretofore furnished by Trane Parent or any Borrower to the Administrative Agent or any Bank for purposes of or in connection with this Agreement or any transaction contemplated hereby is, and any such information hereafter furnished by Trane Parent or any Borrower to the Administrative Agent or any Bank will be, true and accurate in all material respects on the date as of which such information is stated or certified.
(b)    Trane Parent and each Borrower have disclosed to the Banks in writing (such disclosure to be deemed to include any disclosure in any public filings with the Securities and Exchange Commission by Trane Parent) any and all facts that materially and adversely affect or may affect (to the extent Trane Parent or any Borrower can now reasonably foresee), the business, operations or financial condition of Trane Parent and its Consolidated Subsidiaries, taken as a whole, or the ability of the Loan Parties to perform their obligations under this Agreement.
(c)    As of the Effective Date, to the best knowledge of the Borrowers, the information included in the Beneficial Ownership Certification provided on or prior to the Effective Date to any Bank in connection with this Agreement is true and correct in all respects.

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SECTION 4.12  Regulations T, U and X.  No part of the proceeds of any Loan will be used for any purpose that entails a violation of the provisions of Regulation T, Regulation U and Regulation X.
SECTION 4.13 Anti-Terrorism Laws; Anti-Corruption Laws.  (a)  To the extent applicable, Trane Parent, each Borrower and the Subsidiaries are in compliance, in all material respects, with (i) 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) and any other enabling legislation or executive order relating thereto, and (ii) the Patriot Act.  No part of the proceeds of the Loans or the Letters of Credit will be used by Trane Parent, any Borrower or any of the Subsidiaries, for the purpose of funding or financing any payments to any governmental official or employee, political party, official of a political party, candidate for political office, or anyone else acting in an official capacity, in order to obtain, retain or direct business or obtain any improper advantage, in violation of the United States Foreign Corrupt Practices Act of 1977, as amended.
(b)    None of Trane Parent, any Borrower or any Subsidiary nor, to the knowledge of Trane Parent or any Borrower, any director, officer, agent, employee or Affiliate of Trane Parent, any Borrower or any Subsidiary, (i) is a Blocked Person or (ii) is subject to any sanctions administered by the OFAC, the U.S. Department of State, the United Nations Security Council, the European Union (or any of its current or former member states) or Her Majesty’s Treasury of the United Kingdom; and none of Trane Parent, any Borrower or any Subsidiary will use the proceeds of the Loans or the Letters of Credit for the purpose of financing the activities of any person that, at the time of such financing, is the subject of any sanctions administered by the OFAC, the U.S. Department of State, the United Nations Security Council, the European Union (or any of its current or former member states) or Her Majesty’s Treasury of the United Kingdom.
ARTICLE V

COVENANTS
Until the Commitments have expired or been terminated and the principal of and interest on each Loan and all fees payable hereunder shall have been paid in full and all Letters of Credit shall have expired or terminated (or shall have been cash collateralized or other arrangements shall have been made, in each case, acceptable to the Issuing Bank(s) that have issued such outstanding Letters of Credit) and all LC Disbursements shall have been reimbursed, each of Trane Parent and each Borrower agrees that:
SECTION 5.1 Information.  Trane Parent will deliver to each of the Banks (via any method reasonably acceptable to the Administrative Agent, including via IntraLinks/IntraAgency, SyndTrak, Fixed Income Direct or another relevant website or substantially similar electronic transmission information platform reasonably acceptable to the Administrative Agent, it being understood that the following constitute delivery hereunder: (i) posting on any such electronic transmission information platform and (ii) only with respect to information found in Forms 10-K, 10-Q or 8-K (or their equivalents) or in proxy statements, the filing of registration statements and reports on such forms or filing of proxy statements, as the case may be, with the Securities and Exchange Commission):
(a)    as soon as available and in any event within 90 days after the end of each fiscal year of Trane Parent, a consolidated balance sheet of Trane Parent and its Consolidated Subsidiaries as of the end of such fiscal year and the related consolidated statements of income, equity and cash flows for such fiscal year, setting forth in each case in comparative form the figures for the previous fiscal year, all reported on in a manner 

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acceptable to the Securities and Exchange Commission by PricewaterhouseCoopers LLP or other independent public accountants of nationally recognized standing;
(b)    as soon as available and in any event within 45 days after the end of each of the first three quarters of each fiscal year of Trane Parent, a consolidated balance sheet of Trane Parent and its Consolidated Subsidiaries as of the end of such quarter and as of the end of the preceding fiscal year, the condensed consolidated statements of income for such quarter, for the portion of Trane Parent’s fiscal year ended at the end of such quarter and for the corresponding portion of Trane Parent’s previous fiscal year and condensed consolidated statements of cash flows for such fiscal quarter, for the portion of Trane Parent’s fiscal year ended at the end of such quarter and for the corresponding portion of Trane Parent’s previous fiscal year, all certified (subject to normal year-end adjustments) as to fairness of presentation, GAAP and consistency by the chief financial officer or the treasurer of Trane Parent;

(c)    simultaneously with the delivery of each set of financial statements referred to in clauses (a) and (b) above, a certificate of the chief financial officer or the treasurer of Trane Parent (i) setting forth in reasonable detail the calculations required to establish whether Trane Parent was in compliance with the requirements of Sections 5.5 and 5.6 on the date of such financial statements and (ii) stating whether any Default exists on the date of such certificate and, if any Default then exists, setting forth the details thereof and the action which Trane Parent is taking or proposes to take with respect thereto;

(d)    within five Business Days after the chief financial officer, chief accounting officer, treasurer or chief legal officer of Trane Parent or any Borrower obtains knowledge of any Default, if such Default is then continuing, a certificate of the chief financial officer or the treasurer of Trane Parent or such Borrower setting forth the details thereof and the actions that Trane Parent or the Borrowers are taking or propose to take with respect thereto;

(e)    promptly upon the mailing thereof to the shareholders of Trane Parent generally, copies of all financial statements, reports and proxy statements so mailed;

(f)    promptly upon the filing thereof, copies of all registration statements (other than the exhibits thereto and any registration statements on Form S-8 or its equivalent) and reports on Forms 10-K, 10-Q and 8-K (or their equivalents) which Trane Parent shall have filed with the Securities and Exchange Commission; provided that, unless the Administrative Agent notifies Trane Parent in writing to the contrary, satisfaction of the provisions of this subsection (f) shall satisfy as well the provisions of subsections  (a) and (b);

(g)    if and when (i) any member of the ERISA Group gives or knows that it is required to give notice to the PBGC of any “reportable event” (as defined in Section 4043 of ERISA, other than those events as to which the 30-day notice requirement has been waived by the PBGC) with respect to any Plan that might reasonably be expected to constitute grounds for a termination of such Plan under Title IV of ERISA, or knows that the plan administrator of any Plan has given or is required to give notice of any such reportable event, a copy of the notice of such reportable event given or required to be given to the PBGC; (ii) Trane Parent receives in writing or obtains knowledge of any notice of the imposition on a member of the ERISA Group of complete or partial withdrawal liability under Title IV of ERISA which, together with any other such liability incurred since the date hereof, exceeds in the aggregate $200,000,000 or notice that any Multiemployer Plan is insolvent, is in endangered or critical status or has been 

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terminated, a copy of such notice; (iii) Trane Parent receives in writing or obtains knowledge of any notice from the PBGC under Title IV of ERISA of an intent to terminate, impose liability (other than for premiums under Section 4007 of ERISA, or contributions in the normal course or in connection with a standard termination) in respect of, or appoint a trustee to administer, any Plan, a copy of such notice; (iv) any member of the ERISA Group applies for a waiver of the minimum funding standard under Section 412 of the Internal Revenue Code or Section 302 of ERISA, a copy of such application; (v) any member of the ERISA Group gives notice of intent to terminate any Plan under Section 4041(c) of ERISA, a copy of such notice and other information filed with the PBGC; (vi) any member of the ERISA Group gives notice of withdrawal from any Plan pursuant to Section 4063 of ERISA, a copy of such notice; or (vii) any member of the ERISA Group fails to make any payment or contribution to any Plan or Multiemployer Plan or in respect of any Benefit Arrangement or makes any amendment to any Plan or Benefit Arrangement, which in any event has resulted or could reasonably be expected to result in the imposition of a Lien or the posting of a bond or other security, but only if with respect to the foregoing subsections  (i)-(vii), the liability, individually or in the aggregate with all other events in subsections  (i)-(vii), could reasonably be expected to result in a Material Adverse Effect, a certificate of the chief financial officer or the treasurer of Trane Parent setting forth details as to such occurrence and action, if any, which Trane Parent or the applicable member of the ERISA Group is required or proposes to take;

(h)    immediately after the chief financial officer or the treasurer of Trane Global or Trane Parent obtains knowledge of a change or a proposed change in the Rating of Trane Global’s outstanding senior unsecured long-term debt securities by Moody’s or S&P, a certificate of the chief financial officer or the treasurer setting forth the details thereof;

(i)    from time to time (i) such additional information regarding the financial position or business of Trane Parent, the Borrowers and their respective Subsidiaries as the Administrative Agent, at the request of any Bank, may reasonably request; provided that, with respect to any such additional, non-public information, each Agent and each Bank shall comply with the confidentiality provisions set forth in Section 9.10, and (ii) information and documentation reasonably requested by the Administrative Agent or any Bank for purposes of compliance with applicable “know your customer” and anti-money laundering rules and regulations, including the Patriot Act and the Beneficial Ownership Regulation; and

(j)    at the election of Trane Parent, within 180 days following the end of each fiscal year of Trane Parent (commencing with the fiscal year ending December 31, 2021), a Pricing Certificate for the most recently-ended fiscal year; provided that, for the avoidance of doubt, for any fiscal year the Lead Borrower may elect not to deliver a Pricing Certificate, and such election shall not constitute a Default or Event of Default (but such failure to so deliver a Pricing Certificate by the end of such 180-day period shall result in the Sustainability Rate Adjustment being applied as set forth in Section 2.23(c)).

SECTION 5.2 Maintenance of Property; Insurance.  (a)  Each of Trane Parent and each Borrower will keep, and will cause each of its Subsidiaries to keep, all property useful and necessary in its business in good working order and condition, ordinary wear and tear excepted, unless the failure to do so would not have a Material Adverse Effect.
(b) Each of Trane Parent and each Borrower will maintain, and will cause each Material Subsidiary to maintain (either in the name of Trane Parent, a Borrower or in such 

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Material Subsidiary’s own name), with financially sound and responsible insurance companies, insurance on all their respective properties in at least such amounts and against at least such risks (and with such risk retention) as are usually insured against in the same general area by companies of established repute engaged in the same or a similar business.
SECTION 5.3 Conduct of Business and Maintenance of Existence.  Each of Trane Parent and each Borrower will continue, and will cause each Material Subsidiary to continue, to engage in business of the same general type as now conducted by Trane Parent, each Borrower and such Material Subsidiary, and will preserve, renew and keep in full force and effect, and will cause each Material Subsidiary to preserve, renew and keep in full force and effect their respective organizational existence and their respective rights, privileges and franchises necessary or desirable in the normal conduct of business; provided that nothing in this Section 5.3 shall prohibit (i) the merger of any Material Subsidiary into any Borrower or Trane Parent or the merger or consolidation of any Material Subsidiary with or into another Person, if the Person surviving such consolidation or merger is a Material Subsidiary and if, in each case, after giving effect thereto, no Default shall have occurred and be continuing, (ii) the termination of the organizational existence of any Material Subsidiary if the applicable Borrower or Trane Parent in good faith determines that such termination is in the best interest of such Borrower or Trane Parent, as the case may be, and is not materially disadvantageous to the Banks or (iii) any transaction with respect to a Borrower or Trane Parent that is expressly permitted by Section 5.7.
SECTION 5.4 Compliance with Laws.  Each of Trane Parent and each Borrower will comply, and will cause each of its Subsidiaries to comply, in all material respects with all applicable laws, ordinances, rules, regulations, and requirements of governmental authorities (including, without limitation, Environmental Laws and ERISA and the rules and regulations thereunder) except (i) where the necessity of compliance therewith is contested in good faith by appropriate proceedings and (ii) where the failure so to comply would not have a Material Adverse Effect.
SECTION 5.5 Debt.  Consolidated Debt will at no time exceed 65% of the sum of Consolidated Debt plus Consolidated Net Worth.  For purposes of this Section, any preferred stock, except for auction-rate preferred stock the higher of the voluntary or involuntary liquidation value of which does not in the aggregate exceed $100,000,000, of a Consolidated Subsidiary held by a Person other than Trane Parent, a Borrower or a wholly-owned Consolidated Subsidiary shall be included, at the higher of its voluntary or involuntary liquidation value, in “Consolidated Debt”.
SECTION 5.6 Negative Pledge.  (a)  None of Trane Parent or any Borrower will, nor will it permit any Restricted Subsidiary to, create, assume or guarantee any indebtedness for money borrowed secured by a Mortgage on any Principal Property of any Borrower, Trane Parent or any Restricted Subsidiary or on any shares or indebtedness of any Restricted Subsidiary (whether such Principal Property, shares or indebtedness are now owned or hereafter acquired) without, in any such case, effectively providing concurrently with the creation, assumption or guaranteeing of such indebtedness that the Loans and the Obligations of the Loan Parties hereunder and under the Notes (together, if any Borrower or Trane Parent shall so determine, with any other indebtedness then or thereafter existing created, assumed or guaranteed by such Borrower, Trane Parent or such Restricted Subsidiary ranking equally with the Loans and the Obligations of the Loan Parties hereunder and under the Notes) shall be secured equally and ratably with such indebtedness, excluding, however, from the foregoing any indebtedness secured by a Mortgage (including any extension, renewal or replacement, or successive extensions, renewals or replacements, of any Mortgage hereinafter specified or any indebtedness secured thereby, without increase of the principal of such indebtedness):

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(i)    on property, shares or indebtedness of any entity which Mortgage exists at the time such entity becomes a Restricted Subsidiary; or
(ii)     on property existing at the time of acquisition thereof by a Borrower, Trane Parent or a Restricted Subsidiary, or securing any indebtedness incurred by a Borrower, Trane Parent or a Restricted Subsidiary prior to, at the time of or within 180 days after the later of the acquisition, the completion of construction (including any improvements on an existing property) or the commencement of commercial operation of such property, which indebtedness is incurred for the purpose of financing all or any part of the purchase price thereof or construction or improvements thereon; provided, however, that in the case of any such acquisition, construction or improvement the Mortgage shall not apply to any property theretofore owned by a Borrower, Trane Parent or a Restricted Subsidiary, other than, in the case of any such construction or improvement, any theretofore unimproved real property on which the property so constructed, or the improvement, is located; or

(iii)    on property, shares or indebtedness of an entity, which Mortgage exists at the time such entity is merged into or consolidated with any Borrower, Trane Parent or a Restricted Subsidiary, or at the time of a sale, lease or other disposition of the properties of an entity as an entirety or substantially as an entirety to any Borrower, Trane Parent or a Restricted Subsidiary; or

(iv)    on property of a Restricted Subsidiary to secure indebtedness of such Restricted Subsidiary to any Borrower, Trane Parent or another Restricted Subsidiary; or
(v)    on property of any Borrower, Trane Parent or a Restricted Subsidiary in favor of the United States of America or any State thereof or the District of Columbia, the Grand Duchy of Luxembourg or the jurisdiction of organization of Trane Parent, or any department, agency or instrumentality or political subdivision of the United States of America or any State thereof or the District of Columbia, the Grand Duchy of Luxembourg or the jurisdiction of organization of Trane Parent, to secure partial, progress, advance or other payments pursuant to any contract or statute or to secure any indebtedness incurred for the purpose of financing all or any part of the purchase price or the cost of constructing or improving the property subject to such Mortgage; or
(vi)    on property, which Mortgage exists at the date of this Agreement; or
(vii)    with the prior written approval of the Required Banks;
provided, however, that any Mortgage permitted by any of the foregoing clauses (i), (ii), (iii) and (v) of this Section 5.6 shall not extend to or cover any property of any Borrower, Trane Parent or such Restricted Subsidiary, as the case may be, other than the property specified in such clauses and improvements thereto.
(b)    Notwithstanding the provisions of subsection (a) of this Section 5.6, any Borrower, Trane Parent or any Restricted Subsidiary may create, assume or guarantee secured indebtedness for money borrowed which would otherwise be prohibited in subsection (a) in an aggregate amount that, together with all other such indebtedness for money borrowed by the Borrowers, Trane Parent and the Restricted Subsidiaries and the Attributable Debt in respect of Sale and Leaseback Transactions existing at such time (other than Sale and Leaseback Transactions the proceeds of which have been applied in accordance with Section 5.6(d)(ii)), does not at the time of such creation, assumption or guaranteeing exceed 7.5% of Consolidated Net Worth; provided that obligations in respect of operating leases or receivables securitization 

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facilities that are not required to be set forth on a balance sheet based on GAAP as in effect on the date hereof but, as a result of a change in GAAP after the date hereof, are required to be set forth on a balance sheet shall not constitute Consolidated Debt by reason of such change.
(c)    Notwithstanding the foregoing provisions of this Section 5.6, no Borrower will permit any Subsidiaries (other than a Restricted Subsidiary) to which after the date hereof a Borrower, Trane Parent or a Restricted Subsidiary has transferred any assets to create, assume or guarantee any indebtedness for money borrowed secured by a Mortgage on such assets unless such assets could have been so secured in accordance with the provisions of this Agreement by such Borrower, Trane Parent or such Restricted Subsidiary making such transfer.
(d)    Neither Trane Parent nor any Borrower will, nor will it permit any of its Restricted Subsidiaries to, enter into any Sale and Leaseback Transaction, unless (i) Trane Parent, such Borrower or such Restricted Subsidiary, as applicable, would be entitled, pursuant to the foregoing subsections of this Section 5.6, to incur indebtedness secured by a Mortgage on such Principal Property without equally and ratably securing the Loans and the other Obligations of the Loan Parties hereunder and under the Notes or (ii) Trane Parent or such Borrower shall (and in any case each of Trane Parent and each Borrower covenants that it will) apply an amount equal to the fair value (as determined by its board of directors) of such Principal Property so leased to the retirement, within 180 days of the effective date of any such Sale and Leaseback Transaction, of indebtedness of Trane Parent or such Borrower for money borrowed, which by its terms matures at, or may be extended or renewed at the option of Trane Parent or such Borrower to, a date more than 12 months after the date of the creation of such indebtedness.
SECTION 5.7  Consolidations, Mergers and Sales of Assets.  Neither Trane Parent nor the Lead Borrower will (a) consolidate, amalgamate or merge with or into any other Person, unless (i) the company surviving such consolidation, amalgamation or merger is either Trane Parent or any direct or indirect wholly-owned Subsidiary of Trane Parent and (ii) immediately after giving effect to such consolidation, amalgamation or merger, no Default shall have occurred and be continuing or (b) sell, lease or otherwise transfer, directly or indirectly, all or substantially all of its assets to any other Person, unless (i) the applicable purchaser, lessee or transferee is either Trane Parent or any direct or indirect wholly-owned Subsidiary of Trane Parent (including, without limitation, through a liquidation, dissolution, liquidating distribution or equivalent transaction under the laws of the applicable jurisdiction), (ii) immediately after giving effect to such transfer, no Default shall have occurred and be continuing and (iii) except in the case of any such transaction involving the sale of all or substantially all of the assets of the Lead Borrower (which transactions shall be subject to the last sentence of this Section 5.7), such purchaser, lessee or transferee explicitly agrees to be bound by the terms of Section 5.6 and this Section 5.7 as if it were the Lead Borrower.  Notwithstanding the foregoing, in the case of any transaction permitted by this Section 5.7 whereby the Lead Borrower is not the surviving company of a merger, amalgamation or consolidation (in the case of a transaction permitted by clause (a) of this Section 5.7) or is the transferor (in the case of a transaction permitted by clause (b) of this Section 5.7), then the entity that is the surviving company or the transferee, as the case may be, shall (x) affirmatively agree, in a writing satisfactory to the Administrative Agent, to be bound by the terms of this Agreement and assume the obligations hereunder of the Lead Borrower (and shall thereafter be deemed to be the Lead Borrower for purposes of this Agreement) and (y) be organized and exist under the law of Ireland, the Grand Duchy of Luxembourg, the Netherlands, the United States of America (or any State thereof or the District of Columbia) or any other jurisdiction that is reasonably satisfactory to the Administrative Agent; provided that, with respect to the Grand Duchy of Luxembourg, the Netherlands or any such other jurisdiction, (i) the Administrative Agent (who shall promptly notify each Bank) shall have received reasonable advance notice (which, in any event, shall be at least 20 Business Days prior to the proposed effective date of such change in the jurisdiction of organization) from the Lead Borrower of the proposed merger, amalgamation, consolidation or transfer and the resulting 

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change in the jurisdiction of organization of the Lead Borrower to such other jurisdiction, (ii) neither the Administrative Agent nor the Lead Borrower shall have been notified by any Bank that it and its Affiliates are prohibited from extending credit or lending to a Person in such other jurisdiction and (iii) without limiting the applicability of Article VIII, the Lead Borrower shall have agreed, in writing in form and substance reasonably satisfactory to the Administrative Agent, to indemnify each Bank, within 30 days after delivery by such Bank of a written demand listing the amounts to be indemnified, together with calculations in reasonable detail supporting such amounts, for (A) the increased cost of making or maintaining any Loan or other extension of credit hereunder to such Person and (B) the reduction, as deemed material by such Bank, of any sum received or receivable by such Bank (or its Applicable Lending Office), in each case, by reason of the fact that such Person is organized under the laws of such other jurisdiction; provided further that, other than increased costs or reductions in amounts receivable required by applicable law or regulation in existence at the time the Lead Borrower’s jurisdiction of organization changes which are notified to the Lead Borrower at least 10 Business Days prior to the proposed effective date of such change in the jurisdiction of organization, no such compensation may be claimed in respect of any Loan or other extension of credit hereunder for any period prior to the date 60 days before the date of notice by such Bank to the Lead Borrower of its intention to make claims therefor.
SECTION 5.8 Use of Proceeds.  The proceeds of the Loans made and Letters of Credit issued under this Agreement will be used by any Borrower and any Additional Borrower (a) for working capital purposes of Trane Parent, any Borrower and their respective Subsidiaries, (b) to support the commercial paper programs of any Borrower and any Additional Borrowers, (c) for other general corporate purposes of Trane Parent, any Borrower and their respective Subsidiaries and (d) to repay any amounts outstanding under the 2020 Existing Credit Agreement.
SECTION 5.9 Other Cross Defaults or Negative Pledges.  None of the Borrowers or Trane Parent shall incur any Material Debt the terms of which include a Cross Default or which include a negative pledge provision more favorable to the holder of such Material Debt (or more restrictive of the actions of the Borrowers or Trane Parent) than the provisions of Section 5.6 hereof unless, prior to or contemporaneously with such incurrence, Trane Parent and the applicable Borrower shall have entered into an amendment to this Agreement, to which the Required Banks shall not unreasonably withhold their consent, providing a Cross Default or negative pledge provision, as the case may be, no less favorable to the Banks than the provisions of the Cross Default or negative pledge governing such other Debt.
ARTICLE VI

DEFAULTS
SECTION 6.1 Events of Default.  If one or more of the following events (“Events of Default”) shall have occurred and be continuing:
(a) any Borrower or any Additional Borrower shall fail to pay when due principal of any Loan, or shall fail to pay within five days of the due date thereof any interest, fees or other amount payable hereunder;
(b) Trane Parent or any Borrower (or, solely with respect to the failure to observe or perform the covenants contained in Sections 5.6 and 5.7, any Subsidiary that becomes bound by such covenant in accordance with the terms thereof) shall fail to observe or perform any covenant contained in Sections 5.5 to 5.9, inclusive;

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(c) Trane Parent, any Borrower or any Additional Borrower shall fail to observe or perform any covenant or agreement contained in this Agreement (other than those covered by clause (a) or (b) above) for 20 days after notice thereof has been given to Trane Parent, such Borrower or such Additional Borrower by the Administrative Agent at the request of any Bank;
(d) any representation, warranty, certification or statement made by Trane Parent, any Borrower or any Additional Borrower in this Agreement or in any certificate, financial statement or other document delivered pursuant to this Agreement shall prove to have been incorrect in any material respect when made (or deemed made);
(e) any event or condition shall occur which results in the acceleration of the maturity of any Material Debt;
(f) Trane Parent, any Borrower or any Material Subsidiary shall commence a voluntary case or other proceeding seeking liquidation, reorganization or other relief with respect to itself or its debts under any bankruptcy, insolvency or other similar law now or hereafter in effect or seeking the appointment of a trustee, receiver, liquidator, custodian or other similar official of it or any substantial part of its property, or shall consent to any such relief or to the appointment of or taking possession by any such official in an involuntary case or other proceeding commenced against it, or shall make a general assignment for the benefit of creditors, or shall fail generally to pay its debts as they become due, or shall take any corporate action to authorize any of the foregoing;
(g) an involuntary case or other proceeding shall be commenced against Trane Parent, any Borrower or any Material Subsidiary seeking liquidation, reorganization or other relief with respect to it or its debts under any bankruptcy, insolvency or other similar law now or hereafter in effect or seeking the appointment of a trustee, receiver, liquidator, custodian or other similar official of it or any substantial part of its property, and such involuntary case or other proceeding shall remain undismissed and unstayed for a period of 60 days; or an order for relief shall be entered against Trane Parent, any Borrower or any Material Subsidiary under the federal bankruptcy laws as now or hereafter in effect;
(h) any member of the ERISA Group at the time in question shall fail to pay when due an amount or amounts which such member shall have become liable to pay under Title IV of ERISA (other than for premiums under Section 4007 of ERISA); or notice of intent to terminate a Material Plan shall be filed under Title IV of ERISA by any member of the ERISA Group at the time in question, any plan administrator or any combination of the foregoing; or the PBGC shall institute proceedings under Title IV of ERISA to terminate, to impose liability (other than for premiums under Section 4007 of ERISA) in respect of, or to cause a trustee to be appointed to administer any Material Plan; or a condition shall exist by reason of which the PBGC would be entitled to obtain a decree adjudicating that any Material Plan must be terminated; or there shall occur a complete or partial withdrawal from, or a default, within the meaning of Section 4219(c)(5) of ERISA, with respect to, one or more Multiemployer Plans that could reasonably be expected to cause one or more members of the ERISA Group to incur a current payment obligation; and, in the case of each of the foregoing events under this Section 6.1(h), individually or in the aggregate, the liability could reasonably be expected to result in a Material Adverse Effect;
(i) a final judgment or order for the payment of money in excess of $100,000,000 (except to the extent covered by insurance as to which the insurer has acknowledged such coverage in writing) shall be rendered against Trane Parent, any Borrower or any 

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Subsidiary and such judgment or order shall continue unsatisfied and unstayed past due for a period of 30 days or for such longer period of time, not exceeding 90 days, during which, under applicable law, an appeal may be taken from such judgment or order without leave of the relevant court;
(j) any Person or group of Persons (within the meaning of Section 13 or 14 of the Securities Exchange Act of 1934, as amended), other than pursuant to a transaction contemplated by the definition of “Subsequent Parent Company” whereby a Person shall become the Subsequent Parent Company, shall have acquired beneficial ownership (within the meaning of Rule 13d-3 promulgated by the Securities and Exchange Commission under said Act) of 25% or more of the issued share capital of Trane Parent; or, during any period of 25 consecutive calendar months, the directors of Trane Parent on the date hereof (the “Current Board”), or such directors who are recommended or endorsed for election to the board of directors of Trane Parent by a majority of the Current Board or their successors so recommended or endorsed, shall cease to constitute a majority of the board of directors of Trane Parent; or Trane Parent shall have ceased to own, directly or indirectly, 100% of the outstanding shares of common stock of any Borrower or any Additional Borrower;
(k) the guarantees of the Guarantors pursuant to Section 9.16 hereof shall cease to be effective or any Guarantor shall contest the validity of such guarantee in court;
then, and in every such event, the Administrative Agent shall (i) if requested by the Required Banks, by notice to the Borrowers terminate the Commitments and they shall thereupon terminate, and (ii) if requested by the Required Banks, by notice to the Borrowers declare the Loans hereunder (together with accrued interest thereon) to be, and the Loans shall thereupon become, immediately due and payable without presentment, demand, protest or other notice of any kind, all of which are hereby waived by the Borrowers and all Additional Borrowers; provided that in the case of any of the Events of Default specified in clause (f) or (g) above with respect to any Borrower or any Additional Borrower, without any notice to such Borrower or such Additional Borrower or any other act by the Administrative Agent or the Banks, the Commitments shall thereupon terminate and the Loans (together with accrued interest thereon) shall become immediately due and payable without presentment, demand, protest or other notice of any kind, all of which are hereby waived by the Borrowers and all Additional Borrowers.
SECTION 6.2 Notice of Default.  The Administrative Agent shall give notice to the Borrowers under Section 6.1(c) promptly upon being requested to do so by any Bank and shall thereupon notify all the Banks thereof.
ARTICLE VII

THE ADMINISTRATIVE AGENT
SECTION 7.1 Appointment and Authorization.  Each Bank and each Issuing Bank irrevocably appoints JPMorgan Chase Bank, N.A. and its successors to serve as administrative agent under the Loan Documents and authorizes the Administrative Agent to take such action as agent on its behalf and to exercise such powers under this Agreement and the Notes as are delegated to the Administrative Agent by the terms hereof or thereof, together with all such powers as are reasonably incidental thereto.
SECTION 7.2 Administrative Agent and Affiliates.  JPMorgan Chase Bank, N.A. shall have the same rights and powers under this Agreement as any other Bank or Issuing Bank and may exercise or refrain from exercising the same as though it were not the Administrative Agent, and JPMorgan Chase Bank, N.A. and its Affiliates may accept deposits 

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from, lend money to and generally engage in any kind of business with Trane Parent or the Borrowers or any Subsidiary or Affiliate of Trane Parent or the Borrowers as if it were not the Administrative Agent hereunder.
SECTION 7.3 Action by the Administrative Agent.  The obligations of the Administrative Agent hereunder are only those expressly set forth herein.  Without limiting the generality of the foregoing, the Administrative Agent shall not be required to take any action with respect to any Default, except as expressly provided in Article VI.
SECTION 7.4    Consultation with Experts.  The Administrative Agent may consult with legal counsel (who may be counsel for Trane Parent, a Borrower or any of their respective Affiliates), independent public accountants and other experts selected by it and shall not be liable for any action taken or omitted to be taken by it in good faith in accordance with the advice of such counsel, accountants or experts.
SECTION 7.5 Liability of the Administrative Agent.  Neither the Administrative Agent nor any of its directors, officers, agents or employees shall be liable for any action taken or not taken by it in connection herewith (a) with the consent or at the request of the Required Banks (or all the Banks, if applicable) or (b) in the absence of its own gross negligence or willful misconduct.  Neither the Administrative Agent nor any of its directors, officers, agents or employees shall be responsible for or have any duty to ascertain, inquire into or verify (i) any statement, warranty or representation made in connection with this Agreement or any borrowing hereunder; (ii) the performance or observance of any of the covenants or agreements of Trane Parent, any Borrower or any of their respective Affiliates; (iii) the satisfaction of any condition specified in Article III, except receipt of items required to be delivered to it; or (iv) the validity, effectiveness or genuineness of this Agreement, the Notes or any other instrument or writing furnished in connection herewith.  The Administrative Agent shall not incur any liability by acting in reliance upon any notice, consent, certificate, statement or other writing (which may be a bank wire or similar writing) believed by it to be genuine or to be signed by the proper party or parties.
SECTION 7.6 Indemnification.  Each Bank shall, ratably in accordance with its Commitment and on a several (and not joint) basis, indemnify the Administrative Agent (to the extent not reimbursed by Trane Parent or the Borrowers) against any cost, expense (including counsel fees and disbursements), claim, demand, action, loss or liability (except such as result from the Administrative Agent’s bad faith, gross negligence, willful misconduct or material breach of its obligations under this Agreement, as determined in a final, non-appealable judgment by a court of competent jurisdiction) that the Administrative Agent may suffer or incur in connection with this Agreement or any action taken or omitted by the Administrative Agent hereunder in its capacity as the Administrative Agent.
SECTION 7.7 Credit Decision.  Each Bank and each Issuing Bank acknowledges that it has, independently and without reliance upon the Administrative Agent or any other Bank, 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 Bank and each Issuing Bank also acknowledges that it will, independently and without reliance upon the Administrative Agent or any other Bank or Issuing Bank, and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit decisions in taking or not taking any action under this Agreement.
SECTION 7.8 Successor Administrative Agent.  The Administrative Agent may resign at any time by giving notice thereof to the Banks and the Borrowers.  Upon any such resignation, the Required Banks shall have the right to appoint a successor Administrative Agent reasonably satisfactory to the Borrowers.  If no successor Administrative Agent shall have been 

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so appointed by the Required Banks, and shall have accepted such appointment, within 30 days after the retiring Administrative Agent gives notice of resignation, then the retiring Administrative Agent may appoint a successor Administrative Agent, which shall be a commercial bank organized or licensed under the laws of the United States of America or of any State thereof and having a combined capital and surplus of at least $1,000,000,000.  Upon the acceptance of its appointment as Administrative Agent hereunder by a successor Administrative Agent, such successor Administrative Agent shall thereupon succeed to and become vested with all the rights and duties of the retiring Administrative Agent, and the retiring Administrative Agent shall be discharged from its duties and obligations hereunder.  After any retiring Administrative Agent’s resignation hereunder as Administrative Agent, the provisions of this Article shall inure to its benefit as to any actions taken or omitted to be taken by it while it was the Administrative Agent.
SECTION 7.9 Acknowledgments of Banks and Issuing Banks.  (a)  Each Bank and each Issuing Bank represents and warrants that (i) the Loan Documents set forth the terms of a commercial lending facility, (ii) it is engaged in making, acquiring or holding commercial loans and in providing other facilities set forth herein as may be applicable to such Bank or Issuing Bank, in each case in the ordinary course of business, and is making the Loans hereunder as commercial loans in the ordinary course of its business and not for the purpose of purchasing, acquiring or holding any other type of financial instrument (and each Bank and each Issuing Bank agrees not to assert a claim in contravention of the foregoing), (iii) it has, independently and without reliance upon the Administrative Agent, any Joint Lead Arranger, any Syndication Agent, any Documentation Agent, any Sustainability Structuring Agent or any other Bank or Issuing Bank, or any of the Related Parties of any of the foregoing, and based on such documents and information as it has deemed appropriate, made its own credit analysis and decision to enter into this Agreement as a Bank, and to make, acquire or hold Loans hereunder and (iv) it is sophisticated with respect to decisions to make, acquire and/or hold commercial loans and to provide other facilities set forth herein, as may be applicable to such Bank or such Issuing Bank, and either it, or the Person exercising discretion in making its decision to make, acquire and/or hold such commercial loans or to provide such other facilities, is experienced in making, acquiring or holding such commercial loans or providing such other facilities.  Each Bank and each Issuing Bank also acknowledges that it will, independently and without reliance upon the Administrative Agent, any Joint Lead Arranger, any Syndication Agent, any Documentation Agent, any Sustainability Structuring Agent or any other Bank or Issuing Bank, or any of the Related Parties of any of the foregoing, and based on such documents and information (which may contain material, non-public information within the meaning of the United States securities laws concerning the Borrowers and their respective Affiliates) 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.
(b)    Each Bank, by delivering its signature page to this Agreement on the Effective Date, or delivering its signature page to an Assignment and Assumption Agreement in the form of Exhibit G or any other Loan Document pursuant to which it shall become a Bank hereunder, shall be deemed to have acknowledged receipt of, and consented to and approved, each Loan Document and each other document required to be delivered to, or be approved by or satisfactory to, the Administrative Agent or the Banks on the Effective Date.
(c)(i)    Each Bank hereby agrees that (x) if the Administrative Agent notifies such Bank that the Administrative Agent has determined in its sole discretion that any funds received by such Bank from the Administrative Agent or any of its Affiliates (whether as a payment, prepayment or repayment of principal, interest, fees or otherwise; individually and collectively, a “Payment”) were erroneously transmitted to such Bank (whether or not known to such Bank), and demands the return of such Payment (or a portion thereof), such Bank shall 

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promptly, but in no event later than one Business Day thereafter, return to the Administrative Agent the amount of any such Payment (or portion thereof) as to which such a demand was made in same day funds, together with interest thereon in respect of each day from and including the date such Payment (or portion thereof) was received by such Bank to the date such amount is repaid to the Administrative Agent at the greater of the NYFRB Rate and a rate determined by the Administrative Agent in accordance with banking industry rules on interbank compensation from time to time in effect, and (y) to the extent permitted by applicable law, such Bank shall not assert, and hereby waives, as to the Administrative Agent, any claim, counterclaim, defense or right of set-off or recoupment with respect to any demand, claim or counterclaim by the Administrative Agent for the return of any Payments received, including, without limitation, any defense based on “discharge for value” or any similar doctrine.  A notice of the Administrative Agent to any Bank under this Section 7.9(c) shall be conclusive, absent manifest error.

(ii)    Each Bank hereby further agrees that if it receives a Payment from the Administrative Agent or any of its Affiliates (x) that is in a different amount than, or on a different date from, that specified in a notice of payment sent by the Administrative Agent (or any of its Affiliates) with respect to such Payment (a “Payment Notice”) or (y) that was not preceded or accompanied by a Payment Notice, it shall be on notice, in each such case, that an error has been made with respect to such Payment.  Each Bank agrees that, in each such case, or if it otherwise becomes aware a Payment (or portion thereof) may have been sent in error, such Bank shall promptly notify the Administrative Agent of such occurrence and, upon demand from the Administrative Agent, it shall promptly, but in no event later than one Business Day thereafter, return to the Administrative Agent the amount of any such Payment (or portion thereof) as to which such a demand was made in same day funds, together with interest thereon in respect of each day from and including the date such Payment (or portion thereof) was received by such Lender to the date such amount is repaid to the Administrative Agent at the greater of the NYFRB Rate and a rate determined by the Administrative Agent in accordance with banking industry rules on interbank compensation from time to time in effect.

(iii)    Each Borrower and each other Loan Party hereby agrees that (x) in the event an erroneous Payment (or portion thereof) are not recovered from any Bank that has received such Payment (or portion thereof) for any reason, the Administrative Agent shall be subrogated to all the rights of such Bank with respect to such amount and (y) an erroneous Payment shall not pay, prepay, repay, discharge or otherwise satisfy any Obligations owed by any Borrower or any other Loan Party.

(iv)    Each party’s obligations under this 7.9(c) shall survive the resignation or replacement of the Administrative Agent or any transfer of rights or obligations by, or the replacement of, a Bank, the termination of the Commitments or the repayment, satisfaction or discharge of all Obligations under any Loan Document.
SECTION 7.10  Administrative Agent’s Fees.  The Borrowers shall pay to the Administrative Agent, for their own account, fees in the amounts and at the times previously agreed upon between the Borrowers and the Administrative Agent.
SECTION 7.11 Joint Lead Arrangers, Syndication Agent, Documentation Agents and Sustainability Structuring Agents.  The Syndication Agent, in its capacity as such, and each Joint Lead Arranger, Documentation Agent and Sustainability Structuring Agent, in its capacity as such, shall have no duties or responsibilities, and shall incur no liabilities, under this Agreement.  Neither the Syndication Agent nor any Joint Lead Arranger, any Documentation Agent or any Sustainability Structuring Agent shall have or be deemed to have any fiduciary relationship to any Bank.  Each Bank acknowledges that it has not relied, and will 

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not rely, on the Syndication Agent or any Joint Lead Arranger, any Documentation Agent or any Sustainability Structuring Agent in deciding to enter into this Agreement or any other Loan Document or in taking or not taking any action hereunder or thereunder.
SECTION 7.12 Certain ERISA Matters.  Each Bank (a) represents and warrants, as of the date such Person became a Bank party hereto, and (b) covenants, from the date such Person became a Bank party hereto to the date such Person ceases being a Bank party hereto, for the benefit of the Agents and their respective Affiliates, and not, for the avoidance of doubt, to or for the benefit of the Borrowers, that at least one of the following is and will be true:
(i)    such Bank is not using “plan assets” (within the meaning of Section 3(42) of ERISA or otherwise for purposes of Title I of ERISA or Section 4975 of the Code) of one or more Benefit Plans with respect to such Bank’s entrance into, participation in, administration of and performance of the Loans, the Letters of Credit, the Commitments or this Agreement,
(ii)    the prohibited transaction exemption set forth in one or more PTEs, such as PTE 84-14 (a class exemption for certain transactions determined by independent qualified professional asset managers), PTE 95-60 (a class exemption for certain transactions involving insurance company general accounts), PTE 90-1 (a class exemption for certain transactions involving insurance company pooled separate accounts), PTE 91-38 (a class exemption for certain transactions involving bank collective investment funds) or PTE 96-23 (a class exemption for certain transactions determined by in-house asset managers), is applicable so as to exempt from the prohibitions of Section 406 of ERISA and Section 4975 of the Code such Bank’s entrance into, participation in, administration of and performance of the Loans, the Letters of Credit, the Commitments and this Agreement,
(iii) (A) such Bank 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 Bank 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 Bank, the requirements of subsection (a) of Part I of PTE 84-14 are satisfied with respect to such Bank’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 Bank.
(b)    In addition, unless either (i) clause (i) in the immediately preceding paragraph (a) is true with respect to a Bank or (ii) a Bank has provided another representation, warranty and covenant in accordance with clause (iv) in the immediately preceding paragraph (a), such Bank further (x) represents and warrants, as of the date such Person became a Bank party hereto, and (y) covenants, from the date such Person became a Bank party hereto to the date such Person ceases being a Bank party hereto, for the benefit of, the Administrative Agent and not, for the avoidance of doubt, to or for the benefit of the Borrowers or any other Loan Party, that the Administrative Agent is not a fiduciary with respect to the assets of such Bank involved in such Bank’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 

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the reservation or exercise of any rights by the Administrative Agent under this Agreement, any Loan Document or any documents related hereto or thereto).
ARTICLE VIII

CHANGE IN CIRCUMSTANCES
SECTION 8.1 Basis for Determining Interest Rate Inadequate or Unfair.  (a)  Subject to paragraphs (b), (c), (d), (e), (f) and (gf) of this Section 8.1, if:
(i)(A) prior to the commencement of any Interest Period for a Euro-CurrencyTerm Benchmark Borrowing, the Administrative Agent determines that adequate and reasonable means do not exist for ascertaining the Adjusted London Interbank OfferedTerm SOFR Rate, the London Interbank OfferedTerm SOFR Rate, the Adjusted EURIBO Rate or the EURIBO Rate, as applicable (including because the Relevant Screen Rate is not available or published on a current basis), for the applicable Agreed Currency and such Interest Period, as applicable, or (B) at any time, the Administrative Agent determines that adequate and reasonable means do not exist for ascertaining the applicable Adjusted Daily Simple RFR with respect to any Borrowing denominated in Sterling, Daily Simple RFR or RFR for the applicable Agreed Currency (each determination under this clause (i) shall be made in good faith and shall be conclusive absent manifest error); or
(ii)(A) prior to the commencement of any Interest Period for a Euro-CurrencyTerm Benchmark Borrowing, the Administrative Agent is advised by the Required Banks that the Adjusted London Interbank OfferedTerm SOFR Rate, the London Interbank OfferedTerm SOFR Rate, the Adjusted EURIBO Rate or the EURIBO Rate, as applicable, for the applicable Agreed Currency and such Interest Period will not adequately and fairly reflect the cost to such Banks of making or maintaining the Loans included in such Borrowing for the applicable Agreed Currency and such Interest Period or (B) at any time, the Administrative Agent is advised by the Required Banks that the applicable Adjusted Daily Simple RFR with respect to any Borrowing denominated in Sterlingfor the applicable Agreed Currency will not adequately and fairly reflect the cost to such Banks of making or maintaining the Loans included in such Borrowing for the applicable Agreed Currency;
then the Administrative Agent shall forthwith give notice thereof to the Borrowers and the Banks, whereupon until the Administrative Agent notifies the Borrowers that the circumstances giving rise to such suspension no longer exist, the obligations of the Banks to make Euro-CurrencyTerm Benchmark Loans shall be suspended.  Unless any Borrower or any Additional Borrower notifies the Administrative Agent at least two Business Days before the date of any Fixed Rate Borrowing for which a Notice of Borrowing has previously been given that it elects not to borrow on such date, (A) if such Fixed Rate Borrowing is a Committed Borrowing denominated in Dollars, such Borrowing shall instead be made as a Base Rate Borrowing, (B) if such Fixed Rate Borrowing is a Money Market LIBORSOFR/EURIBOR/SONIA Borrowing denominated in Dollars, the Money Market LIBORSOFR/EURIBOR/SONIA Loans comprising such Borrowing shall bear interest for each day from and including the first day to but excluding the last day of the Interest Period applicable thereto at the Base Rate for such day and (C) if such Fixed Rate Borrowing was to be denominated in a Foreign Currency, such Borrowing shall not be made.
(b)    Notwithstanding anything to the contrary herein or in any other Loan Document, if a Benchmark Transition Event, an Early Opt-in Election or an Other Benchmark Rate Election, as applicable, and its related Benchmark Replacement Date have occurred prior to 

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the Reference Time in respect of any setting of the then-current Benchmark, then (x) if a Benchmark Replacement is determined in accordance with clause (1) or (2) of the definition of “Benchmark Replacement” with respect to Dollars for such Benchmark Replacement Date, such Benchmark Replacement will replace such Benchmark for all purposes hereunder and under any Loan Document in respect of such Benchmark setting and all subsequent Benchmark settings without any amendment to, or further action or consent of any party to, this Agreement or any other Loan Document and (y) if a Benchmark Replacement is determined in accordance with clause (32) of the definition of “Benchmark Replacement” with respect to any Agreed Currency for such Benchmark Replacement Date, such Benchmark Replacement will replace such Benchmark for all purposes hereunder and under any other Loan Document in respect of any Benchmark setting at 5:00 P.M. (New York City time) on the fifth Business Day after the date notice of such Benchmark Replacement is provided to the Banks without amendment to, further action or consent of any party to, this Agreement or any other Loan Document so long as the Administrative Agent has not received, by such time, written notice of objection to such Benchmark Replacement from Banks comprising the Required Banks.
(c) Notwithstanding anything to the contrary herein or in any other Loan Document and subject to the proviso below in this paragraph, with respect to a Loan denominated in Dollars, if a Term SOFR Transition Event and its related Benchmark Replacement Date have occurred prior to the Reference Time in respect of any setting of the then-current Benchmark, then the applicable Benchmark Replacement will replace the then-current Benchmark for all purposes hereunder or under any other Loan Document in respect of such Benchmark setting and subsequent Benchmark settings, without any amendment to, or further action or consent of any other party to, this Agreement or any other Loan Document; provided that this paragraph (c) shall not be effective unless the Administrative Agent has delivered to the Banks and the Lead Borrower a Term SOFR Notice.  For the avoidance of doubt, the Administrative Agent shall not be required to deliver a Term SOFR Notice after the occurrence of a Term SOFR Transition Event and may do so in its sole discretion.
(c) (d) In connection with the implementation of a Benchmark ReplacementNotwithstanding anything to the contrary herein or in any other Loan Document, the Administrative Agent will have the right to make Benchmark Replacement Conforming Changes from time to time and, notwithstanding anything to the contrary herein or in any other Loan Document, any amendments implementing such Benchmark Replacement Conforming Changes will become effective without any further action or consent of any other party to this Agreement or any other Loan Document.
(d) (e) The Administrative Agent will promptly notify the Borrowers and the Banks of (i) any occurrence of a Benchmark Transition Event, an Early Opt-in Election or an Other Benchmark Rate Election, as applicable, (ii) the implementation of any Benchmark Replacement, (iii) the effectiveness of any Benchmark Replacement Conforming Changes, (iv) the removal or reinstatement of any tenor of a Benchmark pursuant to paragraph (fe) below and (v) the commencement or conclusion of any Benchmark Unavailability Period.  Any determination, decision or election that may be made by the Administrative Agent or, if applicable, any Bank (or group of Banks) pursuant to this Section 8.1, including any determination with respect to a tenor, rate or adjustment or of the occurrence or non-occurrence of an event, circumstance or date and any decision to take or refrain from taking any action or any selection, will be conclusive and binding absent manifest error and may be made in its or their sole discretion and without consent from any other party to this Agreement or any other Loan Document, except, in each case, as expressly required pursuant to this Section 8.1.
(e) (f) Notwithstanding anything to the contrary herein or in any other Loan Document, at any time (including in connection with the implementation of a Benchmark Replacement), (i) if the then-current Benchmark is a term rate (including Term SOFR, London 

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Interbank Offered Rate or EURIBO Rate) and either (A) any tenor for such Benchmark is not displayed on a screen or other information service that publishes such rate from time to time as selected by the Administrative Agent in its reasonable discretion or (B) the regulatory supervisor for the administrator of such Benchmark has provided a public statement or publication of information announcing that any tenor for such Benchmark is or will be no longer representative, then the Administrative Agent may modify the definition of “Interest Period” for any Benchmark settings at or after such time to remove such unavailable or non-representative tenor and (ii) if a tenor that was removed pursuant to clause (i) above either (A) is subsequently displayed on a screen or information service for a Benchmark (including a Benchmark Replacement) or (B) is not, or is no longer, subject to an announcement that it is or will no longer be representative for a Benchmark (including a Benchmark Replacement), then the Administrative Agent may modify the definition of “Interest Period” for all Benchmark settings at or after such time to reinstate such previously removed tenor.
(f) (g) Upon the Lead Borrower’s receipt of notice of the commencement of a Benchmark Unavailability Period, any Borrower or Additional Borrower may revoke any request for a Borrowing of Euro-CurrencyTerm Benchmark Loans, RFR Loans or Money Market LIBORSOFR/EURIBOR/SONIA Loans, or conversion to or continuation of Euro-CurrencyTerm Benchmark Loans, to be made, converted or continued during any Benchmark Unavailability Period and, failing that, (x) the applicable Borrower or Additional Borrower will be deemed to have converted any request for a Borrowing of Fixed Rate Loans denominated in Dollars into a request for a Borrowing of, or conversion to, Base Rate Loans(i) RFR Loans denominated in Dollars so long as the Adjusted Daily Simple RFR for Dollar Borrowings is not the subject of a Benchmark Transition Event or (ii) Base Rate Loans if the Adjusted Daily Simple RFR for Dollar Borrowings is the subject of a Benchmark Transition Event or (y) any request for a Borrowing of Fixed Rate Loans denominated in a Foreign Currency or aan RFR Borrowing shall be ineffective.  During any Benchmark Unavailability Period or at any time that a tenor for the then-current Benchmark is not an Available Tenor, the component of the Base Rate based upon the then-current Benchmark or such tenor for such Benchmark, as applicable, will not be used in any determination of the Base Rate.  Furthermore, if any Borrowing of Fixed Rate Loans or RFR Borrowing is outstanding on the date of the Borrowers’ receipt of such notice of the commencement of a Benchmark Unavailability Period with respect to a Relevant Rate applicable to such Borrowing of Fixed Rate Loans or RFR Borrowing, then, until such time as a Benchmark Replacement for such Agreed Currency is implemented pursuant to this Section 8.1, (1) if such Borrowing of Fixed Rate Loans is denominated in Dollars, then on the last day of the Interest Period applicable to such Borrowing (or the next succeeding Business Day if such day is not a Business Day), such Borrowing  of Fixed Rate Loans shall be converted by the Administrative Agent to, and shall constitute, (x) an RFR Borrowing denominated in Dollars so long as the Adjusted Daily Simple RFR for Dollar Borrowings is not the subject of a Benchmark Transition Event or (y) a Base Rate Borrowing denominated in Dollars on such dayif the Adjusted Daily Simple RFR for Dollar Borrowings in the subject of a Benchmark Transition Event, (2) if such Borrowing of Fixed Rate Loans is denominated in any Agreed Currency other than Dollars, then, on the last day of the Interest Period applicable to such Borrowing (or the next succeeding Business Day if such day is not a Business Day), such Borrowing of Fixed Rate Loans shall be converted to a CBR Borrowing that bears interest at the Central Bank Rate for the applicable Agreed Currency plus the applicable CBR Margin, or (3) in the case of any RFR Borrowing, such Borrowing, unless repaid, shall convert, effective upon such notice, to a CBR Borrowing that bears interest at the Central Bank Rate for Sterling plus the applicable CBR Margin; provided, in the case of clauses (2) and (3) above, that if the Administrative Agent determines at any time (which determination shall be made in good faith and shall be conclusive absent manifest error) that adequate and reasonable means do not exist for ascertaining the Central Bank Rate for the applicable Agreed Currency, then the Administrative Agent shall give notice thereof (which may be by telephone) to the Lead Borrower and the Banks as promptly as practicable, and, on the date of such determination (and 

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whether or not a notice of such determination has already been given), the applicable affected Borrowing, unless repaid, shall automatically convert into a Borrowing denominated in Dollars, with the resulting Borrowing being in an aggregate principal amount equal to the Dollar Equivalent (for this purpose, determined using the Exchange Rate on the date of such determination) of the applicable affected Borrowing and initially being a Base Rate Borrowing.
SECTION 8.2 Illegality.  If, on or after the date of this Agreement, the adoption of any applicable law, rule or regulation, or any change in any applicable law, rule or regulation, or any change in the interpretation or administration thereof by any Governmental Authority, central bank or comparable agency charged with the interpretation or administration thereof, or compliance by any Bank (or its Euro-CurrencyTerm Benchmark Lending Office) with any request or directive (whether or not having the force of law) of any such authority, central bank or comparable agency shall make it unlawful or impossible for any Bank (or its Euro-CurrencyTerm Benchmark Lending Office) to make, maintain or fund its Euro-CurrencyTerm Benchmark Loans and such Bank shall so notify the Administrative Agent, the Administrative Agent shall forthwith give notice thereof to the other Banks and the Lead Borrower, whereupon until such Bank notifies the Lead Borrower and the Administrative Agent that the circumstances giving rise to such suspension no longer exist, the obligation of such Bank to make Euro-CurrencyTerm Benchmark Loans shall be suspended.  Before giving any notice to the Administrative Agent pursuant to this Section, such Bank shall designate a different Euro-CurrencyTerm Benchmark Lending Office if such designation will avoid the need for giving such notice and will not, in the judgment of such Bank, be otherwise disadvantageous to such Bank.  If such Bank shall determine that it may not lawfully continue to maintain and fund any of its outstanding Euro-CurrencyTerm Benchmark Loans to maturity and shall so specify in such notice, the applicable Borrower or any Additional Borrower, as the case may be, shall immediately prepay in full the then outstanding principal amount of each such Euro-CurrencyTerm Benchmark Loan, together with accrued interest thereon.  Concurrently with prepaying each such Euro-CurrencyTerm Benchmark Loan, such Borrower or such Additional Borrower, as the case may be, shall borrow a Base Rate Loan denominated in Dollars in an equal principal amount (or in an amount equal to the Dollar Equivalent of the principal amount, in the case of Foreign Currency Loans) from such Bank (on which interest and principal shall be payable contemporaneously with the related Euro-CurrencyTerm Benchmark Loans of the other Banks), and such Bank shall make such a Base Rate Loan.
SECTION 8.3 Increased Cost and Reduced Return.  (a)  If on or after (x) the date hereof, in the case of any Committed Loan or any obligation to make Committed Loans or (y) the date of the related Money Market Quote, in the case of any Money Market Loan, the adoption of any applicable law, rule or regulation, or any change in any applicable law, rule or regulation, or any change in the interpretation or administration thereof by any Governmental Authority, central bank or comparable agency charged with the interpretation or administration thereof, or compliance by any Bank (or its Applicable Lending Office) with any request or directive (whether or not having the force of law) of any such authority, central bank or comparable agency shall:
(i)  impose, modify or deem applicable any reserve (including any such requirement imposed by the Board or any similar Governmental Authority, but excluding with respect to any Euro-CurrencyTerm Benchmark Loan any such requirement included in an applicable Euro-CurrencyStatutory Reserve Percentage), special deposit, insurance assessment or similar requirement against assets of, deposits with or for the account of, or credit extended by, any Bank (or its Applicable Lending Office);
(ii)    subject any Bank or any Issuing Bank to any Taxes (other than (A) Taxes on payments under this Agreement, (B) Other Taxes and (C) Excluded 

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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 Bank (or its Applicable Lending Office) or the London interbank market any other condition affecting its Fixed Rate Loans, its Note or its obligation to make Fixed Rate Loans;
and the result of any of the foregoing is to increase the cost to such Bank (or its Applicable Lending Office) of making or maintaining any Fixed Rate Loan, or to reduce the amount of any sum received or receivable by such Bank (or its Applicable Lending Office) under this Agreement or under its Note with respect thereto, by an amount deemed by such Bank to be material, then, within 30 days after demand by such Bank (with a copy to the Administrative Agent), the Borrowers or Additional Borrower, as the case may be, shall pay to such Bank such additional amount or amounts as will compensate such Bank for such increased cost or reduction; provided that the Borrowers or such Additional Borrower shall not be obligated to compensate such Bank for any increased cost or reduction incurred more than 60 days prior to the receipt by the Borrowers or such Additional Borrower of the notice contemplated by subsection (c) below (except that, if the applicable event giving rise to such increased costs or reductions is retroactive, then the 60-day period referred to above shall be extended to include the period of retroactive effect thereof).  The Banks acknowledge and agree that the foregoing subsection (a) creates no right to demand payment of additional amounts in respect of laws, rules and regulations, as in effect and interpreted and administered on the date hereof. For purposes of clause (ii) of this Section 8.3(a), the term “Bank” includes the Administrative Agent.
(b)  If any Bank shall have determined that, after the date hereof, the adoption of any applicable law, rule or regulation regarding capital adequacy or liquidity, or any change in any such law, rule or regulation, or any change in the interpretation or administration thereof by any Governmental Authority, central bank or comparable agency charged with the interpretation or administration thereof, or any request or directive regarding capital adequacy (whether or not having the force of law) of any such authority, central bank or comparable agency, has or would have the effect of reducing the rate of return on capital of such Bank (or its Parent) as a consequence of such Bank’s obligations hereunder to a level below that which such Bank (or its Parent) could have achieved but for such adoption, change, request or directive (taking into consideration its policies with respect to capital adequacy and liquidity) by an amount deemed by such Bank to be material, then from time to time, within 30 days after demand by such Bank (with a copy to the Administrative Agent), the applicable Borrower or Additional Borrower, as the case may be, shall pay to such Bank such additional amount or amounts as will compensate such Bank (or its Parent) for such reduction; provided that such Borrower or such Additional Borrower shall not be obligated to compensate such Bank for any reduction incurred more than 60 days prior to the receipt by the such Borrower or such Additional Borrower from such Bank of the notice contemplated by subsection (c) below (except that, if the applicable event giving rise to such reductions is retroactive, then the 60-day period referred to above shall be extended to include the period of retroactive effect thereof).  The Banks acknowledge and agree that the foregoing subsection (b) creates no right to demand payment of additional amounts in respect of laws, rules and regulations regarding capital adequacy as in effect and interpreted and administered on the date hereof.
(c)    Each Bank will notify the Lead Borrower and the Administrative Agent within 90 days of any event of which it has knowledge, occurring after the date hereof, which will entitle such Bank to compensation pursuant to this Section and will designate a different Applicable Lending Office if such designation will avoid the need for, or reduce the amount of, such compensation and will not, in the judgment of such Bank, be otherwise disadvantageous to such Bank; provided that if a Bank shall not have so notified the Lead 

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Borrower within 90 days of such event, such Bank may not seek compensation for any period beginning prior to the date upon which the Lead Borrower is notified of such event.  A certificate of any Bank claiming compensation under this Section and setting forth the calculation of the additional amount or amounts to be paid to it hereunder shall be conclusive in the absence of manifest error.  In determining such amount, such Bank may use any reasonable averaging and attribution methods.
(d)    Notwithstanding anything herein to the contrary, for purposes of paragraphs (a) and (b) of this Section 8.3, (i) the Dodd-Frank Wall Street Reform and Consumer Protection Act and all requests, rules, guidelines or directives thereunder or issued in connection therewith and (ii) all requests, rules, guidelines or directives promulgated by the Bank for International Settlements, the Basel Committee on Banking Supervision (or any successor or similar authority) or the United States of America or foreign regulatory authorities, in each case, pursuant to Basel III, shall be deemed to be a change in law, rule or regulation regardless of the date enacted, adopted, promulgated or issued; provided that a Bank may be compensated under paragraph  (a) or (b) of this Section 8.3 for any change in law, rule or regulation described in this paragraph  (d) only if such Bank requests compensation for increased costs associated with any such change in law, rule or regulation from similarly-situated borrowers under comparable credit facilities.
SECTION 8.4 Base Rate Loans Substituted for Affected Fixed Rate Loans.  If (i) the obligation of any Bank to make Euro-CurrencyTerm Benchmark Loans has been suspended pursuant to Section 8.2 or (ii) any Bank has demanded compensation under Section 8.3(a) and the Lead Borrower, by at least five Business Days’ prior notice to such Bank through the Administrative Agent, shall have elected that the provisions of this Section shall apply to such Bank, then, unless and until such Bank notifies the Lead Borrower that the circumstances giving rise to such suspension or demand for compensation no longer apply:
(a)    all Loans which would otherwise be made by such Bank as Euro-CurrencyTerm Benchmark Loans shall be made instead as Base Rate Loans denominated in Dollars (on which interest and principal shall be payable contemporaneously with the related Fixed Rate Loans of the other Banks); and
(b)    after each of its Euro-CurrencyTerm Benchmark Loans has been repaid, all payments of principal which would otherwise be applied to repay such Fixed Rate Loans shall be applied to repay its Base Rate Loans instead.
SECTION 8.5 Substitution of Bank.  If (i) the obligation of any Bank to make Euro-CurrencyTerm Benchmark Loans has been suspended pursuant to Section 8.2, (ii) any Bank has demanded compensation under Section 8.3, (iii) any Protesting Bank has given notice to the Lead Borrower in accordance with Section 2.16(b) hereof, (iv) any Borrower or any Additional Borrower is obligated to pay an additional amount to any Bank or any Governmental Authority for the account of any Bank pursuant to Section 2.15 or (v) any Bank is a Defaulting Bank, in each case, the applicable Borrower or applicable Additional Borrower shall have the right, with the assistance of the Administrative Agent and at the sole expense of the applicable Borrower or the applicable Additional Borrower (except, in the case of clause (v), at the sole expense of the applicable Defaulting Bank), to seek a substitute bank or banks (which may be one or more of the Banks), mutually satisfactory to the applicable Borrower or applicable Additional Borrower and the Administrative Agent, to purchase the Loans and Notes (as applicable) and assume the Commitments of such Bank.  The Borrowers shall give reasonable advance notice to the Bank to be so substituted; provided that the failure to give such notice shall not affect the rights of the Borrowers pursuant to this Section 8.5.

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ARTICLE IX

MISCELLANEOUS
SECTION 9.1    Notices.  All notices, requests and other communications to any party hereunder shall be in writing (including bank wire, facsimile transmission, electronic transmission or similar writing) and shall be given to such party:
(a)    in the case of any Loan Party, c/o Trane Technologies Company LLC, 800-E Beaty Street, Davidson, NC 28036, Attention:  General Counsel, facsimile number [redacted];
(b)    in the case of the Administrative Agent, at JPMorgan Chase Bank, N.A., 8181 Communications Parkway, Plano, Texas 75024, attention of [redacted], at [redacted] (for all communications other than funds transfers), with a copy to JPMorgan Chase, N.A., 500 Stanton Christiana Road, NCC5 / 1st Floor 3 Ops 2, Newark, Delaware 19713, attention of [redacted]Loan & Agency Services Group, at [redacted] or at [redacted], with a copy to [redacted] or at [redacted]; provided that notices in respect[redacted]; provided that communications concerning withholding tax inquiries should be sent to [redacted] and communications concerning compliance/financials/Intralinks should be sent to [redacted];
(c) in the case of London-based transactions shall be given at JJPMorgan Chase Bank, N.A., in its capacity as an Issuing Bank, at JPMorgan Chase Bank, N.PA. Morgan Europe Limited, 25, 10420 Highland Manor Drive, 4th Floor, Tampa, Florida 33610, attention of Standby LC Unit, at [redacted] or at [redacted], with a copy to JPMorgan Chase Bank Street, Canary Wharf, London E14 5JP, AttentionN.A., 500 Stanton Christiana Road, NCC5 / 1st Floor, Newark, Delaware 19713, attention of Graeme Syme, Loan & Agency Services Group, at facsimile number [redacted] or at g[redacted] & [redacted];
(d)    (c) in the case of any Bank, at its address, electronic mail address or facsimile number set forth in its Administrative Questionnaire; or
(e)    (d) in the case of any party, such other address, electronic mail address or facsimile number as such party may hereafter specify for the purpose by notice to the Administrative Agent and the Borrowers.
Each such notice, request or other communication shall be effective (i) if given by facsimile transmission, when transmitted to the facsimile number specified in this Section and confirmation of receipt is received (except that, if not given during normal business hours for the recipient, shall be effective at the opening of business on the next Business Day for the recipient) and (ii) if given by any other means, when received.  Notices, requests and other communications to be given to any Additional Borrower or any Guarantor shall be deemed given if such notice, request or other communication has been given to Trane Parent or the Borrowers, and any consent to be given by any Additional Borrower shall be deemed given if such consent has been given on behalf of such Additional Borrower by the Borrowers.
SECTION 9.2 No Waivers.  No failure or delay by the Administrative Agent or any Bank in exercising any right, power or privilege hereunder or under any Note shall operate as a waiver thereof nor shall any single or partial exercise thereof preclude any other or further exercise thereof or the exercise of any other right, power or privilege.  The rights and remedies herein provided shall be cumulative and not exclusive of any rights or remedies provided by law.
SECTION 9.3 Expenses; Indemnification; Limitation of Liabilities.  (a) Expense Reimbursement.  The Borrowers shall pay (i) all reasonable out-of-pocket expenses of 

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the Administrative Agent, including reasonable fees and disbursements of special counsel for the Administrative Agent, in connection with any waiver or consent hereunder or any amendment hereof or any Default or alleged Default hereunder, (ii) all fees, as described in the Fee Letters, in connection with the preparation of this Agreement and (iii) if an Event of Default occurs, all out-of-pocket expenses incurred by each Agent and Bank, including reasonable fees and disbursements of counsel, in connection with such Event of Default and collection, bankruptcy, insolvency and other enforcement proceedings resulting therefrom.  To the extent practicable, the Administrative Agent or the applicable Bank, as the case may be, shall give the Borrowers prior notice of the incurrence of any expenses described in this subsection (a); provided, however, that the failure to give such notice shall not affect the obligation of the Borrowers to pay such Administrative Agent or such Bank the amount or amounts due pursuant to subsection (a) with respect to such expenses.
(b)    Indemnity.  The Borrowers agree to indemnify and hold harmless each Agent and each Bank and the officers, partners, members, directors, trustees, advisors, employees, agents, sub-agents and Affiliates of each Agent and each Bank (each, an “Indemnitee”) from and against any and all liabilities, losses, damages, costs, penalties paid to third parties and expenses of any kind, including the reasonable fees and disbursements of counsel, which may be incurred by any Indemnitee in connection with any investigative, administrative or judicial proceeding (whether or not such Indemnitee shall be designated a party thereto and whether or not such proceeding is brought by Trane Parent, the Borrowers or any third party) relating to or arising out of this Agreement or any actual or proposed use of proceeds of Loans hereunder; provided that no Indemnitee shall have the right to be indemnified hereunder for its own bad faith, gross negligence or willful misconduct or for its material breach of its obligations under this Agreement, as determined in a final, non-appealable judgment by a court of competent jurisdiction.
(c)    Limitation of Liability.  To the extent permitted by applicable law, (i) no Loan Party shall assert, and each Loan Party hereby waives, any claim against the Administrative Agent, any Joint Lead Arranger, the Syndication Agent, any Documentation Agent, any Sustainability Structuring Agent, any Issuing Bank and any Bank, and any Related Party of any of the foregoing Persons (each such Person being called a “Lender-Related Person”) for any Liabilities arising from the use by others of information or other materials (including any personal data) obtained through telecommunications, electronic or other information transmission systems (including the Internet), and (ii) no party hereto shall assert, and each such party hereby waives, any Liabilities against any other party hereto, 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 or thereby, the transactions, any Loan or Letter of Credit or the use of the proceeds thereof; provided that nothing in this Section 9.3(c) shall relieve any Loan Party of any obligation it may have to indemnify an Indemnitee, as provided in Section 9.3(b), against any special, indirect, consequential or punitive damages asserted against such Indemnitee by a third party.
(d)    Bank Reimbursement.  Each Bank severally agrees to pay any amount required to be paid by any Borrower or Additional Borrower under paragraphs (a), (b) or (c) of this Section 9.3 to the Administrative Agent, each Issuing Bank and each Related Party of any of the foregoing Persons (each, an “Agent-Related Person”) (to the extent not reimbursed by the Borrowers and the Additional Borrowers and without limiting the obligation of the Borrowers and the Additional Borrowers to do so), ratably according to their respective Applicable Percentage in effect on the date on which such payment is sought under this Section 9.3 (or, if such payment is sought after the date upon which the Commitments shall have terminated and the Loans shall have been paid in full, ratably in accordance with such Applicable Percentage immediately prior to such date), and agrees to indemnify and hold each Agent-Related 

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Person harmless from and against any and all Liabilities and related expenses, including the fees, charges and disbursements of any kind whatsoever that may at any time (whether before or after the payment of the Loans) be imposed on, incurred by or asserted against such Agent-Related Person in any way relating to or arising out of the Commitments, this Agreement, any of the other Loan Documents or any documents contemplated by or referred to herein or therein or the transactions contemplated hereby or thereby or any action taken or omitted by such Agent-Related Person under or in connection with any of the foregoing; provided that the unreimbursed expense or Liability or related expense, as the case may be, was incurred by or asserted against such Agent-Related Person in its capacity as such; provided further that no Bank shall be liable for the payment of any portion of such Liabilities, costs, expenses or disbursements that are found by a final and nonappealable decision of a court of competent jurisdiction to have resulted primarily from such Agent-Related Party’s bad faith, gross negligence or, willful misconduct or material breach of its obligations under this Agreement.  The agreements in this Section 9.3 shall survive the termination of this Agreement and the payment of the Loans and all other amounts payable hereunder.
(e)    Payments.  All amounts due under this Section 9.3 shall be payable promptly after written demand thereof.
SECTION 9.4 Sharing of Set-Offs.  Each Bank agrees that if it shall, by exercising any right of set-off or counterclaim or otherwise, receive payment of a proportion of the aggregate amount of principal and interest due with respect to any Committed Loan made by it which is greater than the proportion received by any other Bank in respect of the aggregate amount of principal and interest due with respect to any Committed Loan made by such other Bank, the Bank receiving such proportionately greater payment shall purchase such participations in the Committed Loans made by the other Banks, and such other adjustments shall be made, as may be required so that all such payments of principal and interest with respect to the Committed Loans made by the Banks shall be shared by the Banks pro rata; provided that nothing in this Section shall impair the right of any Bank to exercise any right of set-off or counterclaim it may have and to apply the amount subject to such exercise to the payment of indebtedness of any Borrower or any Additional Borrower other than their indebtedness under the Committed Loans.  Each Borrower and each Additional Borrower agrees, to the fullest extent it may effectively do so under applicable law, that any Bank acquiring a participation in a Loan pursuant to the foregoing arrangements may exercise rights of set-off or counterclaim and other rights with respect to such participation as fully as if such holder of a participation were a direct creditor of such Borrower or such Additional Borrower in the amount of such participation.
SECTION 9.5 Amendments and Waivers.  Any provision of this Agreement or the Notes may be amended or waived if, but only if, such amendment or waiver is in writing and is signed by Trane Parent, the Borrowers and the Required Banks (and, if the rights or duties of any Agent or any Issuing Bank are affected thereby, by such Agent or such Issuing Bank); provided that no such amendment or waiver shall, unless signed by each of the Banks directly affected thereby, (a) increase or decrease the Commitment of any Bank (except for a ratable decrease in the Commitments of all Banks) or subject any Bank to any additional obligation, (b) reduce the principal of or rate of interest on any Loan or any fees hereunder, (c) postpone the date fixed for any payment of principal of or interest on any Loan or any fees hereunder or for any reduction or termination of any Commitment, (d) change the percentage of the Commitments or of the aggregate unpaid principal amount of the Loans, or the number of Banks, which shall be required for the Banks or any of them to take any action under this Section or any other provision of this Agreement, (e) change Sections 2.12(a) or 9.4 in a manner that would alter the pro rata sharing of payments required thereby, without the written consent of each Bank, (f) change Section 9.16(h) or (g) release any Guarantor under this Agreement, subject to the exceptions set forth in Section 9.16(h).  For the purposes of this Section, any Loans assigned to the Borrowers pursuant to Section 9.16 shall not be considered outstanding.

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SECTION 9.6 Successors and Assigns.  (a)  The provisions of this Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns, except that neither Borrower nor any Additional Borrower may assign or otherwise transfer any of its rights under this Agreement without the prior written consent of all Banks, and any such assignment or transfer without such consent shall be null and void.
(b) Any Bank may at any time grant to one or more banks or other financial institutions (each a “Participant”) participating interests in its Commitment or any or all of its Loans.  In the event of any such grant by a Bank of a participating interest to a Participant, whether or not upon notice to the applicable Borrower or applicable Additional Borrower and the Administrative Agent, such Bank shall remain responsible for the performance of its obligations hereunder, and the applicable Borrower or applicable Additional Borrower and the Administrative Agent shall continue to deal solely and directly with such Bank in connection with such Bank’s rights and obligations under this Agreement.  For the avoidance of doubt, each Bank shall be responsible for the indemnity under Section 2.15(d) with respect to any payments made by such Bank to its Participants.  Any agreement pursuant to which any Bank may grant such a participating interest shall provide that such Bank shall retain the sole right and responsibility to enforce the obligations of any Borrower and any Additional Borrowers hereunder, including the right to approve any amendment, modification or waiver of any provision of this Agreement; provided that such participation agreement may provide that such Bank will not agree to any modification, amendment or waiver of this Agreement described in clause (a), (b) or (c) of Section 9.5 without the consent of the Participant.  Subject to Section 9.6(f), each Borrower agrees that each Participant shall, to the extent provided in its participation agreement, be entitled to the benefits of Article VIII and Section 2.15 with respect to its participating interest; provided that no Participant shall be entitled to the benefit of Section 2.15 unless such Participant complies with Section 2.15(f) as if it were a Bank.  An assignment or other transfer which is not permitted by subsection (c) or (d) below shall be given effect for purposes of this Agreement only to the extent of a participating interest granted in accordance with this subsection (b).  Each Bank that sells a participation shall, acting solely for this purpose as a non-fiduciary agent of the applicable Borrower, maintain a register on which it enters the name and address of each Participant and the principal amounts (and stated interest) of each Participant’s interest in the Loans or other obligations under this Agreement (the “Participant Register”); provided that no Bank shall have any obligation to disclose all or any portion of the Participant Register to any Borrower or any other Person (including the identity of any Participant or any information relating to a Participant’s interest in the Loans or other obligations under this Agreement) except to the extent that such disclosure is necessary to establish that the Loans are 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 Bank 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.
(c)    Any Bank may at any time assign to one or more banks or other financial institutions (each an “Assignee”) all, or a proportionate part of all, of its rights and obligations under this Agreement and the Notes, and such Assignee shall assume such rights and obligations, pursuant to an Assignment and Assumption Agreement in substantially the form of Exhibit G hereto executed by such Assignee and such transferor Bank, with (and subject to) the subscribed consent of the Borrowers and any Additional Borrower, the applicable Issuing Bank and the Administrative Agent, which consent, in each case, shall not be unreasonably withheld or delayed; provided that (i) the consent of any Borrower, any Additional Borrower, the Administrative Agent and the applicable Issuing Bank shall not be required if an Assignee is another Bank or an Affiliate of such transferor Bank and such Assignee delivers any forms, confirmations and certifications referenced in the last sentence of this Section 9.6(c) and (ii) the 

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consent of any Borrower and any Additional Borrower shall not be required if an assignment is made during the existence of any Event of Default under Section 6.1(a), (f) or (g); provided further that such assignment may, but need not, include rights of the transferor Bank in respect of outstanding Money Market Loans; provided further that the Borrowers shall be deemed to have consented to any such assignment unless it shall object thereto by written notice to the Administrative Agent within 10 Business Days.  Upon execution and delivery of such instrument and payment by such Assignee to such transferor Bank of an amount equal to the purchase price agreed between such transferor Bank and such Assignee, such Assignee shall be a Bank party to this Agreement and shall have all the rights and obligations of a Bank with a Commitment as set forth in such instrument of assumption, and the transferor Bank shall be released from its obligations hereunder to a corresponding extent (but shall continue to be entitled to the benefits of Sections 2.15, 8.3 and 9.3), and no further consent or action by any party shall be required.  Upon the consummation of any assignment pursuant to this subsection (c), the transferor Bank, the Administrative Agent and the applicable Borrower or applicable Additional Borrower shall make appropriate arrangements so that, if required, a new Note is issued to the Assignee.  In connection with any such assignment, the transferor Bank shall pay to the Administrative Agent an administrative fee for processing such assignment in the amount of $2,500.  The Assignee shall, prior to the first date on which interest or fees are payable hereunder for its account, deliver to the applicable Borrower or applicable Additional Borrower and the Administrative Agent certification as to exemption from deduction or withholding of any taxes in accordance with Section 2.15.  In addition, the applicable Borrower or applicable Additional Borrower is entitled to withhold consent to such assignment if the Assignee is unable to deliver any forms or confirmations required by Section 2.15(f), including, without limiting the generality of the foregoing, two duly completed copies of IRS Form W-9, W-8BEN, W-8BEN-E, W-8ECI or W-8IMY (or a successor form), as applicable, certifying that if payments under this Agreement and the Notes were paid to such Assignee by a U.S. Borrower, such Assignee would be entitled to receive payments under this Agreement and the Notes without deduction or withholding of any United States tax.
(d)    Assignments shall be subject to the following additional conditions: (i) except in the case of an assignment to a Bank or an Affiliate of a Bank or an assignment of the entire remaining amount of the assigning Bank’s Commitment or Loans, the amount of the Commitment or Loans of the assigning Bank subject to each such assignment (determined as of the date the Assignment and Assumption Agreement with respect to such assignment is delivered to the Administrative Agent) shall not be less than $5,000,000, unless the applicable Borrower or applicable Additional Borrower and the Administrative Agent otherwise consent (such consent not to be unreasonably withheld or delayed); provided that no such consent of the applicable Borrower or applicable Additional Borrower shall be required if an Event of Default under Section 6.1(a), 6.1(f) or 6.1(g) has occurred and is continuing and (ii) each partial assignment shall be made as an assignment of a proportionate part of all the assigning Bank’s rights and obligations under this Agreement.
(e)    Any Bank may at any time assign all or any portion of its rights under this Agreement and its Loans and, if applicable, Note to a Federal Reserve Bank (or similar Governmental Authority having jurisdiction over such Bank).  No such assignment shall release the transferor Bank from its obligations hereunder.
(f)    No Assignee of any Bank’s rights shall be entitled to receive any greater payment under Section 2.15 or Section 8.3 than such Bank would have been entitled to receive with respect to the rights transferred, unless such transfer is made with the prior written consent of any Borrower and any Additional Borrower or by reason of the provisions of Section 8.2 or 8.3 requiring such Bank to designate a different Applicable Lending Office under certain circumstances or at a time when the circumstances giving rise to such greater payment did not exist.  No Participant shall be entitled to receive any greater payment under Section 2.15, Section 

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8.3 or any other provision hereof than such Bank would have been entitled to receive with respect to such participation sold to such Participant, unless the sale of such participation to such Participant is made with the prior written consent of the applicable Borrower and any Additional Borrower.
(g)    The Administrative Agent, on behalf of any Borrower and any Additional Borrower, shall maintain at the Administrative Agent’s Domestic Lending Office a copy of each Assignment and Assumption Agreement delivered to it and a register (the “Register”) for the recordation of the names and addresses of the Banks and the Commitment of, and principal amount of the Loan owing to, each Bank from time to time.  The entries in the Register shall be conclusive, in the absence of manifest error, and any Borrower, any Additional Borrowers, the Administrative Agent and the Banks may (and, in the case of any Loan or other obligation hereunder not evidenced by a Note, shall) treat each Person whose name is recorded in the Register as the owner of a Loan or other obligation hereunder as the owner thereof for all purposes of this Agreement, notwithstanding any notice to the contrary.  Any assignment of any Loan or other obligation hereunder not evidenced by a Note shall be effective only upon appropriate entries with respect thereto being made in the Register.  The Register shall be available for inspection by the Borrowers or any Bank (with respect to any entry relating to such Bank’s Loans) at any reasonable time and from time to time upon reasonable prior notice.
SECTION 9.7 Collateral.  Each of the Banks represents to the Administrative Agent and the other Banks that it in good faith is not relying upon any “margin stock” (as defined in Regulation U) as collateral in the extension or maintenance of the credit provided for in this Agreement.
SECTION 9.8 Governing Law; Submission to Jurisdiction; Process Agent.
This Agreement and each Note shall be governed by and construed in accordance with the laws of the State of New York.  Each Loan Party hereby submits to the exclusive jurisdiction of the United States District Court for the Southern District of New York sitting in the Borough of Manhattan (or if such court lacks subject matter jurisdiction, the Supreme Court of the State of New York sitting in the Borough of Manhattan), and any appellate court from any thereof, for purposes of all legal proceedings arising out of or relating to this Agreement or the transactions contemplated hereby.
Each Loan Party irrevocably waives, to the fullest extent permitted by law, any objection which it may now or hereafter have to the laying of the venue of any such proceeding brought in such a court and any claim that any such proceeding brought in such a court has been brought in an inconvenient forum.
Each Loan Party hereby irrevocably designates, appoints and empowers Trane Technologies Company LLC (the “Process Agent”), located at 800-E Beaty Street, Davidson, NC 28036, facsimile number: [redacted], in the case of any such proceeding brought in the United States of America as its designee, appointee and agent to receive, accept and acknowledge for and on its behalf, and in respect of its property, service of any and all legal process, summons, notices and documents that may be served in any proceeding arising out of or in connection with this Agreement or any Note.  Such service may be made (a) by mailing (by registered or certified mail, postage prepaid) or delivering a copy of such process to the applicable Loan Party in care of the Process Agent at the Process Agent’s above address, and each Loan Party hereby irrevocably authorizes and directs the Process Agent to accept such service on its behalf or (b) by the mailing (by registered or certified mail, postage prepaid) of copies of such process to the Process Agent or the applicable Loan Party at its address specified in Section 9.1, and each Loan Party irrevocably consents to the service of any and all process in any such proceeding.

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SECTION 9.9 Counterparts; Integration; Execution.  (a)  This Agreement may be signed in any number of counterparts, each of which shall be an original, with the same effect as if the signatures thereto and hereto were upon the same instrument.  This Agreement constitutes the entire agreement and understanding among the parties hereto and supersedes any and all prior agreements and understandings, oral or written, relating to the subject matter hereof.
(b)    Delivery of an executed counterpart of a signature page of (x) this Agreement, (y) any other Loan Document and/or (z) any document, amendment, approval, consent, information, notice (including, for the avoidance of doubt, any notice delivered pursuant to Section 9.1), certificate, request, statement, disclosure or authorization related to this Agreement, any other Loan Document and/or the transactions contemplated hereby and/or thereby (each an “Ancillary Document”) that is an Electronic Signature transmitted by telecopy, emailed pdf. or any other electronic means that reproduces an image of an actual executed signature page shall be effective as delivery of a manually executed counterpart of this Agreement, such other Loan Document or such Ancillary Document, as applicable.  The words “execution,” “signed,” “signature,” “delivery” and words of like import in or relating to this Agreement, any other Loan Document and/or any Ancillary Document shall be deemed to include Electronic Signatures, deliveries or the keeping of records in any electronic form (including deliveries by telecopy, emailed pdf. or any other electronic means that reproduces an image of an actual executed signature page), 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; provided that nothing herein shall require the Administrative Agent to accept Electronic Signatures in any form or format without its prior written consent and pursuant to procedures approved by it; provided, further, that without limiting the foregoing, (i) to the extent the Administrative Agent has agreed to accept any Electronic Signature, the Administrative Agent and each of the Banks shall be entitled to rely on such Electronic Signature purportedly given by or on behalf of any Loan Party without further verification thereof and without any obligation to review the appearance or form of any such Electronic Signature and (ii) upon the request of the Administrative Agent or any Bank, any Electronic Signature  shall be promptly followed by a manually executed counterpart.  Without limiting the generality of the foregoing, each Loan Party hereby (i) agrees that, for all purposes, including in connection with any workout, restructuring, enforcement of remedies, bankruptcy proceedings or litigation among the Administrative Agent, the Banks and the Loan Parties, Electronic Signatures transmitted by telecopy, emailed pdf. or any other electronic means that reproduces an image of an actual executed signature page and/or any electronic images of this Agreement,  any other Loan Document and/or any Ancillary Document shall have the same legal effect, validity and enforceability as any paper original, (ii) agrees that the Administrative Agent and each of the Banks may, at its option, create one or more copies of this Agreement, any other Loan Document and/or any Ancillary Document in the form of an imaged electronic record in any format, which shall be deemed created in the ordinary course of such Person’s business, and destroy the original paper document (and all such electronic records shall be considered an original for all purposes and shall have the same legal effect, validity and enforceability as a paper record), (iii) waives any argument, defense or right to contest the legal effect, validity or enforceability of this Agreement, any other Loan Document and/or any Ancillary Document based solely on the lack of paper original copies of this Agreement, such other Loan Document and/or such Ancillary Document, respectively, including with respect to any signature pages thereto and (iv) waives any claim against any Indemnitee for any Liabilities arising solely from the Administrative Agent’s and/or any Bank’s reliance on or use of Electronic Signatures and/or transmissions by telecopy, emailed pdf. or any other electronic means that reproduces an image of an actual executed signature page, including any Liabilities arising as a result of the failure of any Loan Party to use any available security measures in connection with the execution, delivery or transmission of any Electronic Signature.

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SECTION 9.10 Confidentiality.  Each Agent and each Bank shall hold all non-public information regarding Trane Parent, any Borrower and their respective Subsidiaries and their respective businesses identified as such by any Borrower and obtained by such Agent or such Bank pursuant to the requirements hereof in accordance with such Agent’s or such Bank’s customary procedures for handling confidential information of such nature, it being understood and agreed by Trane Parent and the Borrowers that, in any event, the Administrative Agent may disclose such information to the Banks and each Agent and each Bank may make (i) disclosures of such information to Affiliates of such Bank or Agent and to their respective agents and advisors, it being understood that the Persons to whom such disclosure is made will be informed of the confidential nature of such information and instructed to keep such information confidential, (ii) disclosures of such information reasonably required by any bona fide or potential assignee, transferee or participant in connection with the contemplated assignment, transfer or participation of any Loans or any participations therein or by any direct or indirect contractual counterparties (or the professional advisors thereto) to any swap or derivative transaction relating to Trane Parent or the Borrowers or any of their Subsidiaries and their respective Obligations (provided that such assignees, transferees, participants, counterparties and advisors are advised of and agree to be bound by either the provisions of this Section or other provisions at least as restrictive as this Section), (iii) disclosures to any rating agency when required by it; provided that, prior to any such disclosures, the relevant rating agency or agencies shall undertake in writing to preserve the confidentiality of any confidential information relating to Trane Parent or the Borrowers received by it from any of the Agents or any Bank, (iv) disclosures in connection with the exercise of any remedies hereunder or under any Note, (v) disclosures to the CUSIP Bureau or to similar organizations and (vi) disclosures required or requested by any governmental agency or representative thereof or by the National Association of Insurance Commissioners or other self-regulatory bodies or required by applicable laws, rules or regulations or pursuant to legal or judicial process; provided that, unless specifically prohibited by applicable law, rule, regulation or court order, each Bank and each Agent shall make reasonable efforts to notify the Borrowers of any request by any governmental agency or representative thereof (other than any such request in connection with any examination of the financial condition, routine disclosures to the National Association of Insurance Commissioners or other self-regulatory bodies or other routine examination of such Bank by such governmental agency) for disclosure of any such non-public information prior to disclosure of such information.  In addition, each Agent and each Bank may disclose the existence of this Agreement and the information about this Agreement to market data collectors, similar service providers to the lending industry and similar service providers to the Agents and the Banks in connection with the administration and management of this Agreement and any Note.
SECTION 9.11 No Fiduciary Duty.  Each Agent, each Bank and their Affiliates (collectively, solely for purposes of this paragraph, the “Banks”), may have economic interests that conflict with those of the Loan Parties.  Each Loan Party agrees that neither the Loan Documents nor any transactions contemplated by the Loan Documents will be deemed to create an advisory, fiduciary or agency relationship or fiduciary or other implied duty between the Banks and the Loan Parties, their stockholders or their Affiliates.  Each Loan Party acknowledges and agrees that (i) the transactions contemplated by the Loan Documents are arm’s-length commercial transactions between the Banks, on the one hand, and the Loan Parties, on the other, (ii) in connection with any transactions contemplated by the Loan Documents and with the process leading to such transaction, each of the Banks is acting solely as a principal and not the agent or fiduciary of any Loan Party or its management, stockholders, creditors or any other Person, (iii) no Bank has assumed an advisory or fiduciary responsibility in favor of any Loan Party with respect to any transactions contemplated by the Loan Documents or the process leading thereto (irrespective of whether any Bank or any of its Affiliates has advised or is currently advising such Loan Party on other matters) or any other obligation to any Loan Party except the obligations expressly set forth in the Loan Documents and (iv) each Loan Party has consulted its own legal and financial advisors to the extent such Loan Party deemed appropriate.  

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Each Loan Party further acknowledges and agrees that it is responsible for making its own independent judgments with respect to any transactions contemplated by the Loan Documents and the process leading thereto.  Each Loan Party agrees that it will not claim that any Bank has rendered advisory services of any nature or respect, or owes a fiduciary or similar duty to such Loan Party, in connection with any transactions contemplated by the Loan Documents or the process leading thereto.
SECTION 9.12 Conversion of Currencies.  (a)  If, for the purpose of obtaining judgment in any court, it is necessary to convert a sum owing hereunder in one currency into another currency, each party hereto (including the Borrowers and each Additional Borrower) agrees, to the fullest extent that it may effectively do so, that the rate of exchange used shall be determined as described in the definition of Exchange Rate in Section 1.1 hereof and in accordance with normal banking procedures in the relevant jurisdiction of the first currency and shall be calculated at approximately 10:00 A.M. (New York City time) or as close to such time as is reasonably practicable on the Business Day immediately preceding the day on which final judgment is given.
(b)    The obligations of each Loan Party in respect of any sum due to any party hereto or any holder of the obligations owing hereunder (the “Applicable Creditor”) shall, notwithstanding any judgment in a currency (the “Judgment Currency”) other than the currency in which such sum is stated to be due hereunder (the “Agreement Currency”), be discharged only to the extent that, on the Business Day following receipt by the Applicable Creditor of any sum adjudged to be so due in the Judgment Currency, the Applicable Creditor may in accordance with normal banking procedures in the relevant jurisdiction 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 Applicable Creditor in the Agreement Currency, each Loan Party agrees, as applicable, as a separate obligation and notwithstanding any such judgment, to indemnify the Applicable Creditor against such loss.  The obligations of each Loan Party contained in this Section 9.12 shall survive the termination of this Agreement and the payment of all other amounts owing hereunder.  Furthermore, if the amount of the Agreement Currency purchased as described above is more than the sum originally due to the Applicable Creditor in the Agreement Currency, then such Applicable Creditor shall remit such excess to the applicable Loan Party.
SECTION 9.13 WAIVER OF JURY TRIAL.  EACH LOAN PARTY, EACH AGENT AND EACH BANK HEREBY IRREVOCABLY WAIVES ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY LEGAL PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY.
SECTION 9.14 Severability.  Any provision of this Agreement held to be invalid, illegal or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such invalidity, illegality or unenforceability without affecting the validity, legality and enforceability of the remaining provisions hereof; and the invalidity of a particular provision in a particular jurisdiction shall not invalidate such provision in any other jurisdiction.
SECTION 9.15 Headings.  Article and Section headings and the Table of Contents used herein are for convenience of reference only, are not part of this Agreement and shall not affect the construction of, or be taken into consideration in interpreting, this Agreement.
SECTION 9.16 Guarantee Agreement.  (a)  In order to induce the Banks to extend credit to the Borrowers and the Additional Borrowers hereunder, (i) in the case of Trane Global, Trane Ireland and any Additional Borrower, the Lead Borrower hereby irrevocably and unconditionally guarantees, as a primary obligor and not merely as a surety, the Obligations of Trane Global, Trane Ireland and such Additional Borrower, (ii) in the case of the Lead Borrower 

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and any Additional Borrower, each of Trane Global and Trane Ireland hereby irrevocably and unconditionally guarantees, as a primary obligor and not merely as a surety, the Obligations of the Lead Borrower and such Additional Borrower, (iii) in the case of Trane Global, Trane Ireland hereby irrevocably and unconditionally guarantees, as a primary obligor and not merely as a surety, the Obligations of the Trane Global, (iv) in the case of Trane Ireland, Trane Global hereby irrevocably and unconditionally guarantees, as a primary obligor and not merely as a surety, the Obligations of Trane Ireland and (v) in the case of each Borrower and any Additional Borrower, each Guarantor (other than such Borrower or Additional Borrower, as the case may be) hereby irrevocably and unconditionally guarantees, as a primary obligor and not merely as a surety, the Obligations of each Borrower and any Additional Borrowers.  The Guarantors further agree that the due and punctual payment of the Obligations of any Borrower and Additional Borrower, as applicable, may be extended or renewed, in whole or in part, without notice to or further assent from them, and that they will remain bound upon their guarantees hereunder notwithstanding any such extension or renewal of any Obligation.  Notwithstanding the foregoing, the guarantee provided by Trane Parent pursuant to this Section 9.16 shall only apply to the extent that the parties whose obligations are guaranteed hereunder are subsidiaries of Trane Parent.  For the purposes of the foregoing sentence, the term “subsidiary” shall have the meaning given to it in Section 7 of the Companies Act 2014 (as amended) (Ireland).
(b)    The Guarantors waive presentment to, demand of payment from and protest to any Borrower or any Additional Borrower, as applicable, of any of the Obligations, and also waive notice of acceptance of their obligations and notice of protest for nonpayment.  The Obligations of the Guarantors hereunder shall not be affected by (i) the failure of any Bank to assert any claim or demand or to enforce any right or remedy against any Borrower or any Additional Borrower, as applicable, under the provisions of this Agreement, any Note, any Additional Borrower Agreement or otherwise; (ii) any extension or renewal of any of the Obligations; (iii) any rescission, waiver, amendment or modification of, or release from, any of the terms or provisions of this Agreement, any Note, any Additional Borrower Agreement or any other agreement; (iv) the failure or delay of any Bank to exercise any right or remedy against any other guarantor of the Obligations; (v) the failure of any Bank to assert any claim or demand or to enforce any remedy under this Agreement, any Note or any other agreement or instrument; (vi) any default, failure or delay, willful or otherwise, in the performance of the Obligations; or (vii) any other act, omission or delay to do any other act which may or might otherwise operate as a discharge of any Guarantor as a matter of law or equity or which would impair or eliminate any right of any Guarantor to subrogation.
(c)     The Guarantors further agree that their guarantees hereunder constitute promises of payment when due (whether or not any bankruptcy or similar proceeding shall have stayed the accrual or collection of any of the Obligations or operated as a discharge thereof) and not merely of collection, and waive any right to require that any resort be had by any Bank to any balance of any deposit account or credit on the books of any Bank in favor of any Borrower, any Additional Borrower or other Subsidiary or any other Person.
(d)    The obligations of the Guarantors hereunder shall not be subject to any reduction, limitation, impairment or termination for any reason, and shall not be subject to any defense or set-off, counterclaim, recoupment or termination whatsoever, by reason of the invalidity, illegality or unenforceability of the Obligations, any impossibility in the performance of the Obligations or otherwise.
(e)    The Guarantors further agree that their respective Obligations hereunder shall continue to be effective or be reinstated, as the case may be, if at any time payment, or any part thereof, of any Obligation is rescinded or must otherwise be restored by any Bank upon the bankruptcy or reorganization of any Borrower or any Additional Borrower or otherwise.

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(f)    In furtherance of the foregoing and not in limitation of any other right which any Bank may have at law or in equity against any Guarantor by virtue hereof, upon the failure of a Borrower or any Additional Borrower to pay any Obligation when and as the same shall become due, whether at maturity, by acceleration, after notice of prepayment or otherwise, the relevant Guarantor hereby promises to and shall, upon receipt of written demand by the Administrative Agent, forthwith pay, or cause to be paid, to the Administrative Agent for distribution to the Banks in cash an amount equal to the unpaid principal amount of such Obligation.  The Guarantors further agree that if payment in respect of any Obligation shall be due in currency other than Dollars and/or at a place of payment other than New York and if, by reason of any legal prohibition, disruption of currency or foreign exchange markets, war or civil disturbance or other event, payment of such Obligation in such currency or at such place of payment shall be impossible or, in the reasonable judgment of any Bank, not consistent with the protection of its rights, then, at the election of such Bank and in reasonable consultation with the applicable Guarantor, such Guarantor shall make payments of such Obligation in Dollars (based upon the applicable Exchange Rate in effect on the date of payment) and/or in New York, and shall indemnify such Bank against any losses or expenses (including losses or expenses resulting from fluctuations in exchange rates) that it shall sustain as a result of such alternative payment.
(g)    Upon payment by a Guarantor of any Obligation of any Borrower or any Additional Borrower, each Bank shall, in a reasonable manner, assign to such Guarantor the amount of such Obligation owed to such Bank and so paid, such assignment to be pro tanto to the extent to which the Obligation in question was discharged by such Guarantor, or make such disposition thereof as such Guarantor shall direct (all without recourse to any Bank and without any representation or warranty by any Bank).  Upon payment by a Guarantor of any sums owed by a Borrower or an Additional Borrower as provided above, all rights of such Guarantor against such Borrower or such Additional Borrower arising as a result thereof by way of right of subrogation, through the assignment described herein or otherwise shall in all respects be subordinated and junior in right of payment to the prior indefeasible payment in full of all the Obligations owed by such Borrower or such Additional Borrower to the Bank (it being understood that, after the discharge of all the Obligations due and payable from such Borrower or such Additional Borrower, such rights may be exercised by such Guarantor notwithstanding that such Borrower or such Additional Borrower may remain contingently liable for indemnity or other Obligations).
(h)    The Banks agree that each Guarantor under this Agreement shall be automatically released from its obligations under this Section (i) upon termination of the Commitments and payment in full in cash of all Obligations, (ii) if the Lead Borrower requests the release of such Guarantor and such release is approved, authorized or ratified in writing (A) by each Bank, in the case of Trane Parent, and (B) by the Required Banks, in the case of any Guarantor other than Trane Parent; provided that, if, at the time such request for the release of any Guarantor (other than Trane Parent) is made, such Guarantor is a guarantor under any Public Debt, such release of such Guarantor must be approved, authorized or ratified in writing by each Bank or (iii) if the Lead Borrower requests the release of such Guarantor (A) because such Guarantor ceases to be required to guarantee the Obligations pursuant to the definition of “Guarantors” in Section 1.1 or (B) in connection with a transaction permitted by Section 5.3 pursuant to which such Guarantor is not the surviving entity; provided that the surviving entity assumes such Guarantor’s guarantee hereunder.
(i)    In each case as specified in this Section, the Administrative Agent shall promptly (and each Bank irrevocably authorizes the Administrative Agent to), at the Borrowers’ expense, execute and deliver to any Borrower and the relevant Guarantor such documents as any Borrower may reasonably request to evidence the release of such Guarantor from its obligations under this Section.

103

(j)    Any Person that is required to become a Guarantor pursuant to the definition of “Guarantors” in Section 1.1 or pursuant to the definition of the term “Trane Parent” in Section 1.1 shall execute and deliver a copy of this Agreement (or a supplement hereto in form and substance satisfactory to the Administrative Agent) and thereupon such Person shall become a Guarantor hereunder with the same force and effect as if such Person had executed this Agreement as a Guarantor on the Effective Date.  The execution and delivery of any such instrument shall not require the consent of any other Loan Party or Bank party hereto.  The rights and obligations of each Loan Party hereunder shall remain in full force and effect notwithstanding the addition of any new Guarantor as a party to this Agreement.
SECTION 9.17 USA PATRIOT Act Notice.  Each Bank hereby notifies each Loan Party that, pursuant to the requirements of bank regulatory authorities under applicable “know-your-customer” and anti-money laundering rules and regulations, including the USA PATRIOT Act (Title III of Pub. L. 107-56 (signed into law October 26, 2001), the “Patriot Act”), it is required to obtain, verify and record information that identifies each Loan Party, which information includes the names and addresses of each Loan Party and other information that will allow such Bank to identify each Loan Party in accordance with the Patriot Act.
SECTION 9.18 Survival.  The provisions of Sections 2.13, 2.15, 2.21(b), 8.3 and 9.3 and Article VII (other than Section 7.9) shall survive and remain in full force and effect regardless of the repayment of the Loans, the expiration or termination of the Letters of Credit and the Commitments, the termination of this Agreement or any provision hereof or whether extensions of credit are made hereunder.
SECTION 9.19  Acknowledgment 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 the parties to any such Loan Document, each party hereto acknowledges that any liability of any Affected Financial Institution arising under any Loan Document, to the extent such liability is unsecured, may be subject to the Write-Down and Conversion Powers of the applicable Resolution Authority and agrees and consents to, and acknowledges and agrees to be bound by:
(a)    the application of any Write-Down and Conversion Powers by the applicable Resolution Authority to any such liabilities arising hereunder which may be payable to it by any party hereto that is an Affected Financial Institution; and
(b)    the effects of any Bail-In Action on any such liability, including, if applicable:
(i)    a reduction in full or in part or cancellation of any such liability;
(ii)    a conversion of all, or a portion of, such liability into shares or other instruments of ownership in such Affected Financial Institution, its parent entity or a bridge institution that may be issued to it or otherwise conferred on it, and that such shares or other instruments of ownership will be accepted by it in lieu of any rights with respect to any such liability under this Agreement or any other Loan Document; or
(iii)    the variation of the terms of such liability in connection with the exercise of the Write-Down and Conversion Powers of the applicable Resolution Authority.

104

SECTION 9.20  Acknowledgment Regarding Any Supported QFCs.  (a)  To the extent that the Loan Documents provide support, through a guarantee or otherwise, for Hedging Agreements or any other agreement or instrument that is a QFC (such support, “QFC Credit Support” and each such QFC, a “Supported QFC”), the parties acknowledge and agree as follows with respect to the resolution power of the Federal Deposit Insurance Corporation under the Federal Deposit Insurance Act and Title II of the Dodd-Frank Wall Street Reform and Consumer Protection Act (together with the regulations promulgated thereunder, the “U.S. Special Resolution Regimes”) in respect of such Supported QFC and QFC Credit Support (with the provisions below applicable notwithstanding that the Loan Documents and any Supported QFC may in fact be stated to be governed by the laws of the State of New York and/or of the United States or any other state of the United States).
(b)    In the event a Covered Entity that is party to a Supported QFC (each, a “Covered Party”) becomes subject to a proceeding under a U.S. Special Resolution Regime, the transfer of such Supported QFC and the benefit of such QFC Credit Support (and any interest and obligation in or under such Supported QFC and such QFC Credit Support, and any rights in property securing such Supported QFC or such QFC Credit Support) from such Covered Party will be effective to the same extent as the transfer would be effective under the U.S. Special Resolution Regime if the Supported QFC and such QFC Credit Support (and any such interest, obligation and rights in property) were governed by the laws of the United States or a state of the United States.  In the event a Covered Party or a BHC Act Affiliate of a Covered Party becomes subject to a proceeding under a U.S. Special Resolution Regime, Default Rights under the Loan Documents that might otherwise apply to such Supported QFC or any QFC Credit Support that may be exercised against such Covered Party are permitted to be exercised to no greater extent than such Default Rights could be exercised under the U.S. Special Resolution Regime if the Supported QFC and the Loan Documents were governed by the laws of the United States or a state of the United States.  Without limitation of the foregoing, it is understood and agreed that rights and remedies of the parties with respect to a Defaulting Bank shall in no event affect the rights of any Covered Party with respect to a Supported QFC or any QFC Credit Support.

EXHIBIT A

[[5862865]]

EXHIBIT A

NOTE
New York, New York
For value received, TRANE TECHNOLOGIES HOLDCO INC., a Delaware corporation, TRANE TECHNOLOGIES GLOBAL HOLDING COMPANY LIMITED, a Delaware corporation, and TRANE TECHNOLOGIES FINANCING LIMITED, an Irish private company limited by shares with registered number 624886 and registered office at 170/175 Lakeview Drive, Airside Business Parks, Sword, Co. Dublin, Ireland, K67 EW96 (each, the “Borrower”), promises to pay to                                                  (the “Bank”), for the account of its Applicable Lending Office, the unpaid principal amount of each Loan made by the Bank to the Borrower pursuant to the Credit Agreement referred to below on the Termination Date.  The Borrower promises to pay interest on the unpaid principal amount of each such Loan on the dates and at the rate or rates provided for in the Credit Agreement.  All such payments of principal and interest shall be made in accordance with the terms of the Credit Agreement.
All Loans made by the Bank, the respective types and maturities thereof and all repayments of the principal thereof shall be recorded by the Bank and, if the Bank so elects in connection with any transfer or enforcement hereof, appropriate notations to evidence the foregoing information with respect to each such Loan then outstanding may be endorsed by the Bank on the schedule attached hereto, or on a continuation of such schedule attached to and made a part hereof; provided that the failure of the Bank to make any such recordation or endorsement shall not affect the obligations of the Borrower hereunder or under the Credit Agreement.
This note is one of the Notes referred to in the $1,000,000,000 Credit Agreement (as amended, supplemented or otherwise modified from time to time, the “Credit Agreement”) dated as of June 18, 2021, among Trane Technologies Holdco Inc., Trane Technologies Global Holding Company Limited and Trane Technologies Financing Limited, as Borrowers, and Trane Parent and the other Guarantors listed on the signature pages thereto, the Banks listed on the signature pages thereto and JPMorgan Chase Bank, N.A., as Administrative Agent.  Terms used, but not otherwise defined, herein have the meanings assigned to them in the Credit Agreement.  Reference is made to the Credit Agreement for provisions for the prepayment hereof and the acceleration of the maturity hereof.
(rest of page intentionally left blank)

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THIS NOTE SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK.
    ,
By:    
Name:
Title:

NOTE
(CONTINUED)
LOANS AND PAYMENTS OF PRINCIPAL
																		
	Date	Amount of Loan	Type of Loan	Amount of Principal Repaid	Maturity Date	Notation Made By
						
						
						
						
						
						
						
						
						
						
						
						
						
						
						
						
						
						
						
						
						
						
						
						
						

EXHIBIT B

FORM OF MONEY MARKET QUOTE REQUEST
[Date]
To:     JPMorgan Chase Bank, N.A., 
    as Administrative Agent
From:    [Trane Technologies Holdco Inc.][Trane Technologies Global Holding Company Limited][Trane Technologies Financing Limited]
Re:    $1,000,000,000 Credit Agreement (as amended, supplemented or otherwise modified from time to time, the “Credit Agreement”) dated as of June 18, 2021, among Trane Technologies Holdco Inc., Trane Technologies Global Holding Company Limited, Trane Technologies Financing Limited, Trane Parent and the other Guarantors listed on the signature pages thereof, the Banks listed on the signature pages thereof and JPMorgan Chase Bank, N.A., as Administrative Agent.
We hereby give notice pursuant to Section 2.3 of the Credit Agreement that we request Money Market Quotes for the following proposed Money Market Borrowing(s):
Date of Borrowing:  _______________
									
	Principal Amount1	Applicable Currency	Interest Period2
	$	
			
			

Such Money Market Quotes should offer a Money Market [Margin][Absolute Rate].  [The applicable base rate is [the London Interbank Offered Rate][EURIBOR][SONIAAdjusted Term SOFR Rate][the Adjusted EURIBO Rate][the Adjusted Daily Simple RFR for Sterling Borrowings].]
Terms used, but not defined, herein have the meanings assigned to them in the Credit Agreement.
[Signature Pages Follow]

1    Amount must be $10,000,000 or a larger multiple of $1,000,000 (or the Foreign Currency Equivalent thereof).
2    Not less than 7 days (LIBORSOFR/EURIBOR/SONIA Auction), subject to the provisions of the definition of Interest Period.

[TRANE TECHNOLOGIES HOLDCO INC.
By:    
Name:
Title:]
[TRANE TECHNOLOGIES GLOBAL HOLDING COMPANY LIMITED
By:    
Name:
Title:]
[TRANE TECHNOLOGIES FINANCING LIMITED
By:    
Name:
Title:]

EXHIBIT C

FORM OF INVITATION FOR MONEY MARKET QUOTES
To:     [BANK]
Re:    Invitation for Money Market Quotes to [Trane Technologies Holdco Inc.][Trane Technologies Global Holding Company Limited][Trane Technologies Financing Limited] (the “Borrower”)
Pursuant to Section 2.3 of the $1,000,000,000 Credit Agreement (as amended, supplemented or otherwise modified from time to time, the “Credit Agreement”) dated as of June 18, 2021, among Trane Technologies Holdco Inc., Trane Technologies Global Holding Company Limited and Trane Technologies Financing Limited, as Borrowers, Trane Parent and the other Guarantors listed on the signature pages thereto, the Banks listed on the signature pages thereto and JPMorgan Chase Bank, N.A., as Administrative Agent, we are pleased on behalf of the Borrower to invite you to submit Money Market Quotes to the Borrower for the following proposed Money Market Borrowing(s):
Date of Borrowing:  _______________
									
	Principal Amount3	Applicable Currency	Interest Period4
	$	
			
			

Such Money Market Quotes should offer a Money Market [Margin][Absolute Rate].  [The applicable base rate is [the London Interbank Offered Rate][EURIBOR][SONIAAdjusted Term SOFR Rate][the Adjusted EURIBO Rate][the Adjusted Daily Simple RFR for Sterling Borrowings].]
Terms used, but not defined, herein have the meanings assigned to them in the Credit Agreement.
Please respond to this invitation by no later than 9:30 AM ([New York City][London] time) on [DATE].
JPMORGAN CHASE BANK, N.A.,
as Administrative Agent
By:    
Name:
Authorized Officer

1    Amount must be $10,000,000 or a larger multiple of $1,000,000 (or the Foreign Currency Equivalent thereof).
2    Not less than 7 days (LIBOR/EURIBOR/SONIA Auction), subject to the provisions of the definition of Interest Period.

EXHIBIT D

FORM OF MONEY MARKET QUOTE
To:     JPMorgan Chase Bank, N.A., as Administrative Agent
Re:    Money Market Quote to [Trane Technologies Holdco Inc.][Trane Technologies Global Holding Company Limited][Trane Technologies Financing Limited] (the “Borrower”)[[●] (the “Additional Borrower”)]
In response to your invitation on behalf of the [Borrower][Additional Borrower] dated _________ __, 202__, (the “Invitation”) we hereby make the following Money Market Quote on the following terms:
1.  Quoting Bank: _________________________
2.  Person to contact at Quoting Bank: _________________________
3.  Date of Borrowing: _________________________5
4.  We hereby offer to make [a] Money Market Loan(s) in the following principal amount(s), in the following currency(ies), for the following Interest Period(s) (solely in the case of [a] Money Market Loan(s) denominated in Dollars or Euro) and at the following rate(s):
															
	Principal Amount6	Applicable Currency	
Interest Period7	[Money
Market Margin]8	
Absolute Rate9
					
					
					

[Provided that the aggregate principal amount of Money Market Loans for which the above offers may be accepted shall not exceed $_________.]2
We understand and agree that the offer(s) set forth above, subject to the satisfaction of the applicable conditions set forth in the $1,000,000,000 Credit Agreement (as amended, supplemented or otherwise modified from time to time, the “Credit Agreement”) dated as of June 18, 2021, among Trane Technologies Holdco Inc., Trane Technologies Global Holding Company Limited and Trane Technologies Financing Limited, as Borrowers, Trane 

1    As specified in the related Invitation.
2    The principal amount bid for each Interest Period may not exceed the principal amount requested in the related Invitation.  Specify an aggregate limitation if the sum of the individual offers exceeds the amount the Bank is willing to lend.  Bids must be made for $10,000,000 or a larger multiple of $1,000,000 (or the Foreign Currency Equivalent thereof).
3    Not less than 7 days (LIBORSOFR/EURIBOR/SONIA Auction), as specified in the related Invitation.  No more than 5 bids are permitted for each Interest Period.
4    Margin over or under the London Interbank OfferedAdjusted Term SOFR Rate, the Adjusted EURIBO Rate or the Adjusted Daily Simple RFR for Sterling Borrowings determined for the applicable Interest Period.  Specify percentage (to the nearest 1/10,000th of 1%) and specify whether “PLUS” or “MINUS”.
5    Specify rate of interest per annum (to the nearest 1/10,000th of 1%).

Parent and the other Guarantors listed on the signature pages thereto, the Banks listed on the signature pages thereto and JPMorgan Chase Bank, N.A., as Administrative Agent, irrevocably obligate(s) us to make [a] Money Market Loan(s) for which any Offer(s) [is][are] accepted, in whole or in part.  Terms used, but not defined, herein have the meanings assigned to them in the Credit Agreement.
Very truly yours,
[BANK]
By:    
Name:
Authorized Officer
Dated: _________________________

[[5862865]]

EXHIBIT E

FORM OF PRICING CERTIFICATE
JPMorgan Chase Bank, N.A.,
   as Administrative Agent
8181 Communications Parkway
Plano, Texas  70524
Email:  [redacted]
Fax: [redacted]
Attention:  Jonathan R. Bennett

Copy to:

JPMorgan Chase Bank, N.A.,
   as Administrative Agent
500 Stanton Christiana Road, Floor 3 Ops 2
Newark, Delaware  19713
Email:  [redacted]
Fax:  [redacted]
Attention:  Jane Dreisbach; Suzie A. Coplin

[Date]

Ladies and Gentlemen:

    Reference is hereby made to the Credit Agreement dated as of June 18, 2021 (as amended, supplemented or otherwise modified from time to time, the “Credit Agreement”), among Trane Technologies Holdco Inc., Trane Technologies Global Holding Company Limited and Trane Technologies Financing Limited, as borrowers, Trane Technologies plc, as a guarantor, the other guarantors from time to time party thereto, the banks from time to time party thereto and JPMorgan Chase Bank, N.A., as administrative agent.  Unless otherwise defined herein, terms defined in the Credit Agreement and used herein shall have the meanings given to them in the Credit Agreement.  This Pricing Certificate (this “Certificate”) is furnished pursuant to Section 5.01(j) of the Credit Agreement.

    THE UNDERSIGNED HEREBY CERTIFIES SOLELY IN [HIS/HER] CAPACITY AS [chief executive officer, chief operating officer, chief financial officer, treasurer, assistant treasurer, controller or senior vice president of finance] OF THE LEAD BORROWER AND NOT IN AN INDIVIDUAL CAPACITY (AND WITHOUT PERSONAL LIABILITY) THAT:

    1.    I am the duly elected [chief executive officer, chief operating officer, chief financial officer, treasurer, assistant treasurer, controller or senior vice president of finance] of the Lead Borrower, and I am authorized to deliver this Certificate on behalf of the Lead Borrower;

    2.    Attached as Annex A hereto is either a true and correct copy of, or a URL link to, the KPI Metrics Report for the 20[__] calendar year; and
    3.    The Sustainability Fee Adjustment in respect of the 20[__] calendar year is [+][-][___]% per annum, and the Sustainability Rate Adjustment in respect of the 20[__] calendar year is [+][-][___]% per annum, in each case as computed as set forth on Annex B hereto.

[[5862865]]

    The foregoing certifications are made and delivered this _____ day of __________, 20[__].

Very truly yours,

[TRANE TECHNOLOGIES HOLDCO INC.],
as the Lead Borrower

By:___________________________________
Name:
Title:

EXHIBIT F

[RESERVED]

EXHIBIT G

ASSIGNMENT AND ASSUMPTION AGREEMENT
ASSIGNMENT AND ASSUMPTION AGREEMENT dated as of ______ __, 20__, among [ASSIGNOR] (the “Assignor”), [ASSIGNEE] (the “Assignee”), [BORROWERS] (the “Borrowers”) and JPMORGAN CHASE BANK, N.A., as administrative agent (the “Administrative Agent”).
W I T N E S S E T H
WHEREAS, this Assignment and Assumption Agreement (the “Agreement”) relates to the $1,000,000,000 Credit Agreement dated as of June 18, 2021, among Trane Technologies Holdco Inc. (“Trane Holdco”), Trane Technologies Global Holding Company Limited and Trane Technologies Financing Limited, as Borrowers, Trane Parent and the other Guarantors listed on the signature pages thereto, the Banks listed on the signature pages thereto and JPMorgan Chase Bank, N.A., as Administrative Agent (as the same may be amended, supplemented or otherwise modified from time to time, the “Credit Agreement”);
WHEREAS, as provided under the Credit Agreement, the Assignor has a Commitment to make Loans to the Borrowers in an aggregate principal amount at any time outstanding not to exceed $__________;
WHEREAS, [Base Rate] [Euro-CurrencyTerm Benchmark] [RFR] Loans made to [the Borrower] by the Assignor under the Credit Agreement in the aggregate principal amount of $__________ are outstanding at the date hereof; and
WHEREAS, the Assignor proposes to assign to the Assignee all of the rights of the Assignor under the Credit Agreement in respect of a portion of its Commitment thereunder in an amount equal to $__________ (the “Assigned Amount”), together with a corresponding portion of its outstanding [Base Rate] [Euro-CurrencyTerm Benchmark] [RFR] Loans, and the Assignee proposes to accept assignment of such rights and assume the corresponding obligations from the Assignor on such terms;
NOW, THEREFORE, in consideration of the foregoing and the mutual agreements contained herein, the parties hereto agree as follows:
SECTION 1    Definitions.  All capitalized terms used but not otherwise defined herein shall have the respective meanings set forth in the Credit Agreement.
SECTION 2    Assignment.  The Assignor hereby assigns and sells to the Assignee all of the rights of the Assignor under the Credit Agreement to the extent of the Assigned Amount, and the Assignee hereby accepts such assignment from the Assignor and assumes all of the obligations of the Assignor under the Credit Agreement to the extent of the Assigned Amount, including the purchase from the Assignor of the corresponding portion of the principal amount of the [Base Rate] [Euro-CurrencyTerm Benchmark] [RFR] Loans made by the Assignor outstanding at the date hereof.  Upon the execution and delivery hereof by the Assignor, the Assignee, the Borrowers and the Administrative Agent and the payment of the amounts specified in Section 3 required to be paid on the date hereof (a) the Assignee shall, as of the date hereof, succeed to the rights and be obligated to perform the obligations of a Bank under the Credit Agreement with a Commitment in an amount equal to the Assigned Amount and (b) the Commitment of the Assignor shall, as of the date hereof, be reduced by a like amount and the Assignor released from its obligations under the Credit Agreement to the extent such obligations have been assumed by the Assignee.  The assignment provided for herein shall be without recourse to the Assignor.

SECTION 3    Payments.  As consideration for the assignment and sale contemplated in Section 2 hereof, the Assignee shall pay to the Assignor on the date hereof in Federal or other immediately available funds the amount heretofore agreed between them.  It is understood that facility fees in respect of the Assigned Amount accrued to the date hereof are for the account of the Assignor and such fees accruing from and including the date hereof are for the account of the Assignee.  Each of the Assignor and the Assignee hereby agrees that if it receives any amount under the Credit Agreement which is for the account of the other party hereto, it shall receive the same for the account of such other party to the extent of such other party’s interest therein and shall promptly pay the same to such other party.
SECTION 4    Consent of the Borrowers and the Administrative Agent.  This Agreement is conditioned upon the consent of the Borrowers and the Administrative Agent, if such consent is required pursuant to Section 9.6(c) of the Credit Agreement.  The execution of this Agreement by the Borrowers and the Administrative Agent is evidence of this consent.  If requested to do so by the Assignee, [the Borrower] agrees, pursuant to Section 9.6(c) of the Credit Agreement, to execute and deliver a Note payable to the Assignee to evidence the assignment and assumption provided for herein.  In the event that the assignment and assumption provided for herein is not evidenced by a Note, such assignment and assumption shall be effective only upon appropriate entries with respect thereto being made in the Register maintained by the Administrative Agent in accordance with Section 9.6(g) of the Credit Agreement.
SECTION 5    Non-Reliance on Assignor.  The Assignor makes no representation or warranty in connection with, and shall have no responsibility with respect to, the solvency, financial condition, or statements of [the Borrower], or the validity and enforceability of the obligations of [the Borrower] in respect of the Credit Agreement or any Note.  The Assignee acknowledges that it has, independently and without reliance on the Assignor, and based on such documents and information as it has deemed appropriate, made its own credit analysis and decision to enter into this Agreement and will continue to be responsible for making its own independent appraisal of the business, affairs and financial condition of [the Borrower].
SECTION 6    Assignee Status.  In respect of Trane Ireland, the Assignee confirms that it is a Qualifying Bank.
SECTION 7    Governing Law.  This Agreement shall be governed by and construed in accordance with the laws of the State of New York.
SECTION 8    Counterparts.  This Agreement may be signed in any number of counterparts with the same effect as if the signatures thereto and hereto were upon the same instrument.  Delivery of an executed signature page of this Agreement by facsimile or electronic transmission shall be effective as delivery of a manually executed counterpart hereof.

[[5862865]]

IN WITNESS WHEREOF, the parties have caused this Agreement to be executed and delivered by their duly authorized officers as of the date first above written.
[ASSIGNOR], as the Assignor
By:    
Name:
Title:
[ASSIGNEE], as the Assignee
By:    
Name:
Title:
TRANE TECHNOLOGIES HOLDCO INC., as a Borrower
By:    
Name:
Title:
TRANE TECHNOLOGIES GLOBAL HOLDING COMPANY LIMITED, as a Borrower
By:    
Name:
Title:
TRANE TECHNOLOGIES FINANCING LIMITED, as a Borrower
By:    
Name:
Title:

JPMORGAN CHASE BANK, N.A., as Administrative Agent
By:    
Name:
Title:
[                                                           ], as an Issuing Bank
By:    
Name:
Title:

EXHIBIT H

ADDITIONAL BORROWER AGREEMENT
AGREEMENT dated as of _________, 202__, made by [ADDITIONAL BORROWER] (the “New Additional Borrower”), TRANE TECHNOLOGIES HOLDCO INC., a Delaware corporation, TRANE TECHNOLOGIES GLOBAL HOLDING COMPANY LIMITED, a Delaware corporation, and TRANE TECHNOLOGIES FINANCING LIMITED, an Irish private company limited by shares with registered number 624886 and registered office at 170/175 Lakeview Drive, Airside Business Park, Swords, Co. Dublin, Ireland, K67 EW96 public limited company (together, the “Borrowers”), and TRANE TECHNOLOGIES PLC, an Irish public limited company with registered number 469272 and registered office at 170/175 Lakeview Drive, Airside Business Park, Swords, Co. Dublin, Ireland, K67 EW96 and the other guarantors party hereto (collectively, the “Guarantors”) in favor of JPMORGAN CHASE BANK, N.A., as Administrative Agent for the Banks from time to time parties to the Credit Agreement referred to below.
W I T N E S S E T H:
WHEREAS, this Additional Borrower Agreement (the “Agreement”) relates to the $1,000,000,000 Credit Agreement (as amended, supplemented or otherwise modified from time to time, the “Credit Agreement”) dated as of June 18, 2021, among the Borrowers, Trane Parent and the other Guarantors listed on the signature pages thereto, the Banks listed on the signature pages thereto and JPMorgan Chase Bank, N.A., as Administrative Agent; and
WHEREAS, Trane Parent, the Borrowers and the New Additional Borrower desire that the New Additional Borrower become an Additional Borrower under the Credit Agreement;
NOW, THEREFORE, in consideration of the foregoing and the mutual agreements contained herein, the parties hereto agree as follows:
SECTION 1    Definitions.  All capitalized terms not otherwise defined herein shall have the respective meanings set forth in the Credit Agreement.
SECTION 2    New Additional Borrower.  Upon the effectiveness of this Agreement and the satisfaction of the requirements of the Credit Agreement, the New Additional Borrower, as provided in Section 2.16 of the Credit Agreement, hereby becomes party to the Credit Agreement as an Additional Borrower.
SECTION 3    Agreements.  (a)  The Guarantors hereby agree that the guarantees of the Guarantors contained in the Credit Agreement shall apply to the obligations of the New Additional Borrower.
(b)  The New Additional Borrower hereby agrees to be bound by all provisions of the Credit Agreement.
SECTION 4    Representations and Warranties.  Each Borrower represents (i) that the New Additional Borrower is organized under the laws of [                        ], (ii) that the name, registered address, telephone number, facsimile number and email address of the person to which any notices should be sent and the Federal employer identifying number, if any, appearing on Annex 1 attached hereto are true and correct as of the date hereof and (iii) that the representations and warranties of each Borrower in the Credit Agreement are true and correct in all material respects on and as of the date hereof after giving effect to this Agreement (it being understood that the representations and warranties in Sections 4.4 (Financial Information; No Material Adverse Change) and 4.5 (Litigation) shall be deemed for purposes of this Agreement 

to refer to the financial statements most recently delivered under Section 5.1(a) or (b) (Information) and to the date thereof at all times after the first such delivery thereunder rather than to the dates and financial statements specified in Sections 4.4 and 4.5).
SECTION 5    Effectiveness.  This Agreement shall become effective as of the date when the Administrative Agent shall have received:
(a)  Counterparts hereof duly executed by the Guarantors, each Borrower, the New Additional Borrower and the Administrative Agent;
(b)  All documents the Administrative Agent may reasonably request relating to the existence of the New Additional Borrower, the organizational authority for and the validity of this Agreement and the Credit Agreement, and any other matters relevant hereto, all in form and substance reasonably satisfactory to the Administrative Agent;
(c)  A favorable written opinion of counsel for the New Additional Borrower, addressed to the Administrative Agent and the Banks, in form and substance reasonably satisfactory to the Administrative Agent;
(d)  For each Bank, all documentation and other information required by bank regulatory authorities under applicable “know your customer” and anti-money laundering rules and regulations, including the Patriot Act; and
(e)  If the New Additional Borrower is organized under a jurisdiction other than the United States of America, evidence in form and substance reasonably satisfactory to the Administrative Agent that the New Additional Borrower has appointed an agent for service of process in New York City.10
SECTION 6    Governing Law.  This Agreement shall be governed by and construed in accordance with the laws of the State of New York.
SECTION 7    Counterparts.  This Agreement may be signed in any number of counterparts with the same effect as if the signatures thereto and hereto were upon the same instrument.  Delivery of an executed signature page of this Agreement by facsimile transmission shall be effective as delivery of a manually executed counterpart hereof.

1To include provisions regarding appointment for service of process as appropriate.

IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed and delivered by their duly authorized officers as of the date first written above.
TRANE TECHNOLOGIES HOLDCO INC., as a Borrower and a Guarantor
By:    
Name:
Title:
TRANE TECHNOLOGIES GLOBAL HOLDING COMPANY LIMITED, as a Borrower and a Guarantor
By:    
Name:
Title:
TRANE TECHNOLOGIES FINANCING LIMITED, as a Borrower and a Guarantor
By:    
Name:
Title:
TRANE TECHNOLOGIES PLC, as a Guarantor
By:    
Name:
Title:

JPMORGAN CHASE BANK, N.A.,
as Administrative Agent and as a Bank,

By:    
Name:
Title:

Annex to
EXHIBIT H

Name of Additional Borrower:
Registered Address:
Telephone Number:
Facsimile Number:
Email Address:
Person to which notices should be sent:
[Federal employer identification number:]

[[5862865]]

EXHIBIT I

[RESERVED]

EXHIBIT J

[FORM OF] TERMINATION DATE EXTENSION REQUEST
[Insert Date]
JPMorgan Chase Bank, N.A.,
as Administrative Agent
383 Madison Avenue
New York, New York 10179
Attention:  [●]
Fax:  [●]
Ladies and Gentlemen:
Reference is made to the Credit Agreement dated as of June 18, 2021, among Trane Technologies Holdco Inc., Trane Technologies Global Holding Company Limited and Trane Technologies Financing Limited, as Borrowers, Trane Parent and the other Guarantors listed on the signature pages thereto, the Banks listed on the signature pages thereto and JPMorgan Chase Bank, N.A., as Administrative Agent (as the same may be amended, supplemented or otherwise modified from time to time, the “Credit Agreement”). Capitalized terms used but not otherwise defined herein shall have the meanings assigned to them in the Credit Agreement.
In accordance with Section 2.22 of the Credit Agreement, the undersigned hereby request an extension of the Termination Date from [●] to [●].
[Signature Pages Follow]

Very truly yours,
TRANE TECHNOLOGIES HOLDCO INC., as a Borrower
By:    
Name:
Title:
TRANE TECHNOLOGIES GLOBAL HOLDING COMPANY LIMITED, as a Borrower
By:    
Name:
Title:
TRANE TECHNOLOGIES FINANCING LIMITED, as a Borrower and a Guarantor
By:    
Name:
Title:

EXHIBIT K-1

[FORM OF]
U.S. TAX COMPLIANCE CERTIFICATE
(For Foreign Banks That Are Not Partnerships For U.S. Federal Income Tax Purposes)
Reference is made to the Credit Agreement dated as of June 18, 2021, among Trane Technologies Holdco Inc., Trane Technologies Global Holding Company Limited (“Trane Global”) and Trane Technologies Financing Limited, as Borrowers, Trane Parent and the other Guarantors listed on the signature pages thereto, the Banks listed on the signature pages thereto and JPMorgan Chase Bank, N.A., as Administrative Agent (as the same may be amended, supplemented or otherwise modified from time to time, the “Credit Agreement”).
Pursuant to the provisions of Section 2.15 of the Credit Agreement, the undersigned hereby certifies that (i) it is the sole record and beneficial owner of the Loan(s) (as well as any Note(s) evidencing such Loan(s)) in respect of which it is providing this certificate, (ii) it is not a bank within the meaning of Section 881(c)(3)(A) of the Internal Revenue Code, (iii) it is not a ten percent shareholder of [Trane Global] within the meaning of Section 881(c)(3)(B) of the Internal Revenue Code and (iv) it is not a controlled foreign corporation related to [Trane Global] as described in Section 881(c)(3)(C) of the Internal Revenue Code.
The undersigned has furnished the Administrative Agent and the U.S. Borrower[s] with a certificate of its non-U.S. Person status on IRS Form W-8BEN or IRS Form W-8BEN-E, as applicable.  By executing this certificate, the undersigned agrees that (1) if the information provided on this certificate changes, the undersigned shall promptly so inform the U.S. Borrower[s] and the Administrative Agent, and (2) the undersigned shall have at all times furnished the U.S. Borrower[s] and the Administrative Agent with a properly completed and currently effective certificate in either the calendar year in which each payment is to be made to the undersigned, or in either of the two calendar years preceding such payments.
Unless otherwise defined herein, terms defined in the Credit Agreement and used herein shall have the meanings given to them in the Credit Agreement.

						
	[NAME OF BANK]
	By:
		Name:
		Title:

Date: ________ __, 20[  ]

EXHIBIT K-2

[FORM OF]
U.S. TAX COMPLIANCE CERTIFICATE
(For Foreign Participants That Are Not Partnerships For U.S. Federal Income Tax Purposes)
Reference is made to the Credit Agreement dated as of June 18, 2021, among Trane Technologies Holdco Inc., Trane Technologies Global Holding Company Limited (“Trane Global”) and Trane Technologies Financing Limited, as Borrowers, Trane Parent and the other Guarantors listed on the signature pages thereto, the Banks listed on the signature pages thereto and JPMorgan Chase Bank, N.A., as Administrative Agent (as the same may be amended, supplemented or otherwise modified from time to time, the “Credit Agreement”).
Pursuant to the provisions of Section 2.15 of the Credit Agreement, the undersigned hereby certifies that (i) it is the sole record and beneficial owner of the participation in respect of which it is providing this certificate, (ii) it is not a bank within the meaning of Section 881(c)(3)(A) of the Internal Revenue Code, (iii) it is not a ten percent shareholder of [Trane Global] within the meaning of Section 881(c)(3)(B) of the Internal Revenue Code, and (iv) it is not a controlled foreign corporation related to [Trane Global] as described in Section 881(c)(3)(C) of the Internal Revenue Code.
The undersigned has furnished its participating Bank with a certificate of its non-U.S. Person status on IRS Form W-8BEN or IRS Form W-8BEN-E, as applicable.  By executing this certificate, the undersigned agrees that (1) if the information provided on this certificate changes, the undersigned shall promptly so inform such Bank in writing, and (2) the undersigned shall have at all times furnished such Bank with a properly completed and currently effective certificate in either the calendar year in which each payment is to be made to the undersigned, or in either of the two calendar years preceding such payments.
Unless otherwise defined herein, terms defined in the Credit Agreement and used herein shall have the meanings given to them in the Credit Agreement.

						
	[NAME OF PARTICIPANT]

	By:
		Name:
		Title:

Date: ________ __, 20[  ]

EXHIBIT K-3

[FORM OF]
U.S. TAX COMPLIANCE CERTIFICATE
(For Foreign Participants That Are Partnerships For U.S. Federal Income Tax Purposes)
Reference is made to the Credit Agreement dated as of June 18, 2021, among Trane Technologies Holdco Inc., Trane Technologies Global Holding Company Limited (“Trane Global”) and Trane Technologies Financing Limited, as Borrowers, Trane Parent and the other Guarantors listed on the signature pages thereto, the Banks listed on the signature pages thereto and JPMorgan Chase Bank, N.A., as Administrative Agent (as the same may be amended, supplemented or otherwise modified from time to time, the “Credit Agreement”).
Pursuant to the provisions of Section 2.15 of the Credit Agreement, the undersigned hereby certifies that (i) it is the sole record owner of the participation in respect of which it is providing this certificate, (ii) its direct or indirect partners/members are the sole beneficial owners of such participation, (iii) with respect such participation, neither the undersigned nor any of its direct or indirect partners/members is a bank extending credit pursuant to a loan agreement entered into in the ordinary course of its trade or business within the meaning of Section 881(c)(3)(A) of the Internal Revenue Code, (iv) none of its direct or indirect partners/members is a ten percent shareholder of [Trane Global] within the meaning of Section 881(c)(3)(B) of the Internal Revenue Code and (v) none of its direct or indirect partners/members is a controlled foreign corporation related to [Trane Global] as described in Section 881(c)(3)(C) of the Internal Revenue Code.
The undersigned has furnished its participating Bank with IRS Form W-8IMY accompanied by one of the following forms from each of its partners/members that is claiming the portfolio interest exemption: (i) an IRS Form W-8BEN or IRS Form W-8BEN-E, as applicable, or (ii) an IRS Form W-8IMY accompanied by an IRS Form W-8BEN or IRS Form W-8BEN-E, as applicable, from each of such partner’s/member’s beneficial owners that is claiming the portfolio interest exemption.  By executing this certificate, the undersigned agrees that (1) if the information provided on this certificate changes, the undersigned shall promptly so inform such Bank and (2) the undersigned shall have at all times furnished such Bank with a properly completed and currently effective certificate in either the calendar year in which each payment is to be made to the undersigned, or in either of the two calendar years preceding such payments.
Unless otherwise defined herein, terms defined in the Credit Agreement and used herein shall have the meanings given to them in the Credit Agreement.

						
	[NAME OF PARTICIPANT]
	By:
		Name:
		Title:

Date: ________ __, 20[  ]

EXHIBIT K-4

[FORM OF]
U.S. TAX COMPLIANCE CERTIFICATE
(For Foreign Banks That Are Partnerships For U.S. Federal Income Tax Purposes)
Reference is made to the Credit Agreement dated as of June 18, 2021, among Trane Technologies Holdco Inc., Trane Technologies Global Holding Company Limited (“Trane Global”) and Trane Technologies Financing Limited, as Borrowers, Trane Parent and the other Guarantors listed on the signature pages thereto, the Banks listed on the signature pages thereto and JPMorgan Chase Bank, N.A., as Administrative Agent (as the same may be amended, supplemented or otherwise modified from time to time, the “Credit Agreement”).
Pursuant to the provisions of Section 2.15 of the Credit Agreement, the undersigned hereby certifies that (i) it is the sole record owner of the Loan(s) (as well as any Note(s) evidencing such Loan(s)) in respect of which it is providing this certificate, (ii) its direct or indirect partners/members are the sole beneficial owners of such Loan(s) (as well as any Note(s) evidencing such Loan(s)), (iii) with respect to the extension of credit pursuant to this Credit Agreement or any other Loan Document, neither the undersigned nor any of its direct or indirect partners/members is a bank extending credit pursuant to a loan agreement entered into in the ordinary course of its trade or business within the meaning of Section 881(c)(3)(A) of the Internal Revenue Code, (iv) none of its direct or indirect partners/members is a ten percent shareholder of [Trane Global] within the meaning of Section 881(c)(3)(B) of the Internal Revenue Code and (v) none of its direct or indirect partners/members is a controlled foreign corporation related to [Trane Global] as described in Section 881(c)(3)(C) of the Internal Revenue Code.
The undersigned has furnished the Administrative Agent and the U.S. Borrower[s] with IRS Form W-8IMY accompanied by one of the following forms from each of its partners/members that is claiming the portfolio interest exemption: (i) an IRS Form W-8BEN or IRS Form W-8BEN-E, as applicable, or (ii) an IRS Form W-8IMY accompanied by an IRS Form W-8BEN or IRS Form W-8BEN-E, as applicable, from each of such partner’s/member’s beneficial owners that is claiming the portfolio interest exemption.  By executing this certificate, the undersigned agrees that (1) if the information provided on this certificate changes, the undersigned shall promptly so inform the U.S. Borrower[s] and the Administrative Agent, and (2) the undersigned shall have at all times furnished the U.S. Borrower[s] and the Administrative Agent with a properly completed and currently effective certificate in either the calendar year in which each payment is to be made to the undersigned, or in either of the two calendar years preceding such payments.
Unless otherwise defined herein, terms defined in the Credit Agreement and used herein shall have the meanings given to them in the Credit Agreement.

						
	[NAME OF BANK]
	By:
		Name:
		Title:

Date: ________ __, 20[  ]Exhibit 10.11

   

  

   EXECUTION VERSION

   

   

  AMENDMENT NO. 2 TO CREDIT AGREEMENT

   

  This AMENDMENT NO. 2 TO CREDIT AGREEMENT, dated as of June 13,
      2022 (this “Amendment”), is entered into among GRINDR GAP LLC (f/k/a SAN VICENTE GAP LLC), a Delaware limited liability company (“Holdings”), GRINDR CAPITAL LLC (f/k/a SAN VICENTE CAPITAL LLC, a Delaware limited liability company (the “Borrower”),

      the other Credit Parties party hereto, FORTRESS CREDIT CORP., a Delaware corporation (“Fortress”), as the Administrative Agent (in such capacity, the “Administrative Agent”) for the several financial institutions party to the Credit
      Agreement (as defined below) (collectively, the “Lenders” and individually each a “Lender”), Fortress, as the Collateral Agent for the Secured Parties (in such capacity, the “Collateral Agent”), the 2022 Supplemental Term Lenders
      (as defined below) and the other Lenders party hereto.

   

  PRELIMINARY STATEMENTS

   

  WHEREAS, Holdings, the Borrower, the other Credit Parties from time
      to time party thereto, the Administrative Agent and the Lenders from time to time party thereto, among others, are party to that certain Credit Agreement, dated as of June 10, 2020 (as amended, restated, amended and restated, supplemented or
      otherwise modified from time to time prior to the date hereof, the “Existing Credit Agreement”, and as further amended by this Amendment, the “Credit Agreement”; capitalized terms used herein and not otherwise defined herein shall have
      the respective meanings given to them in the Credit Agreement).

   

  WHEREAS, the Borrower, Holdings, the Administrative Agent, the 2022
      Supplemental Term Lenders and each other party hereto wish to amend the Existing Credit Agreement to enable the Borrower to establish a term facility (the “2022 Supplemental Term Facility”) pursuant to which the 2022 Supplemental Term Lenders
      listed on the signature pages hereto (the “2022 Supplemental Term Lenders”) have agreed, subject to the terms and conditions set forth herein, to make Term Loans to the Borrower on the Amendment No. 2 Effective Date (as defined below) in an
      aggregate principal amount of $60,000,000 (the “2022 Supplemental Term Loans” and the Supplemental Term Loan Commitments in respect thereof, the “2022 Supplemental Term Commitments”), which will form part of the same Class of Term Loans
      as the existing Term Loans under the Existing Credit Agreement.

   

  WHEREAS, subject to the terms and conditions set forth herein, each
      2022 Supplemental Term Lender is prepared to advance, severally and not jointly, 2022 Supplemental Term Loans in an aggregate principal amount for such 2022 Supplemental Term Lender equal to its 2022 Supplemental Term Commitment set forth on Schedule

        1 hereto.

   

  WHEREAS, the proceeds of the 2022 Supplemental Term Loans made
      hereunder will be used by the Borrower and Holdings to fund a Restricted Payment in accordance with Section 10.6(e) of the Credit Agreement. This Amendment and the incurrence of the 2022 Supplemental Term Loans contemplated by this Amendment are
      collectively referred to as the “Amendment No. 2 Transactions”.

   

  WHEREAS, the parties hereto have agreed, subject to the
      satisfaction or waiver of the conditions precedent set forth in Section 6 hereof, to amend certain terms of the Existing Credit Agreement as hereinafter provided to give effect to the establishment of the 2022 Supplemental Term Commitments and the
      incurrence of the 2022 Supplemental Term Loans.

   

  NOW, THEREFORE, for good and valuable consideration, the receipt and
      adequacy of which is acknowledged by each party hereto, it is agreed that:

    

  
     

    
      
 

  

  SECTION 1.       RULES OF CONSTRUCTION. The rules of construction
      specified in Sections 1.02 through 1.08 of the Credit Agreement shall apply to this Amendment, including the terms defined in the preamble and recitals hereto.

   

  SECTION 2.       2022 SUPPLEMENTAL TERM LOANS.

   

  (a)           Each 2022 Supplemental Term Lender, severally and not
      jointly, (i) shall on the Amendment No. 2 Effective Date, have a 2022 Supplemental Term Commitment that is equal to the amount set forth next to its name on Schedule 1 hereto and (ii) agrees, upon the satisfaction or waiver of the conditions
      in Section 6 of this Amendment, to make 2022 Supplemental Term Loans to, and in the amount requested by, the Borrower on the Amendment No. 2 Effective Date in a principal amount not to exceed its respective 2022 Supplemental Term Commitment, in
      accordance with this Amendment and the Credit Agreement; provided, that any 2022 Supplemental Term Loan may be funded by any Affiliate of such 2022 Supplemental Term Lender that is an Approved Fund under the Credit Agreement. The borrowing of
      the 2022 Supplemental Term Loans will be subject solely to the satisfaction or waiver of the conditions precedent set forth in Section 6 hereof.

   

  (b)           The full amount of the 2022 Supplemental Term Loans shall be
      drawn by the Borrower in a single drawing on the Amendment No. 2 Effective Date and amounts paid or prepaid in respect of the 2022 Supplemental Term Loans may not be reborrowed. To the extent not otherwise set forth herein, the terms and provisions
      of the 2022 Supplemental Term Loans shall be identical to those of the existing Class of Initial Term Loans outstanding on the date hereof as set forth in the Credit Agreement. The 2022 Supplemental Term Loans shall be subject to scheduled
      amortization as set forth in Section 2.05(b) of the Credit Agreement (as amended by this Amendment) with the remaining outstanding principal amount due and payable in full on the Maturity Date for the existing Class of Initial Term Loans (which shall
      also be the Maturity Date for the 2022 Supplemental Term Loans).

   

  (c)           The 2022 Supplemental Term Commitment of each 2022
      Supplemental Term Lender shall automatically terminate upon the funding of the 2022 Supplemental Term Loans on the Amendment No. 2 Effective Date.

   

  SECTION 3.       AMENDMENTS TO CREDIT AGREEMENT. As of the Amendment
      No. 2 Effective Date, the Existing Credit Agreement shall be amended by inserting the language indicated in double underlined text (indicated textually in the same manner as the following example: underlined text ) in Exhibit A hereto and by deleting the language indicated by strikethrough text (indicated textually in the same manner as the following example: stricken text)
      in Exhibit A hereto. As used in the Credit Agreement, the terms “Agreement”, “this Agreement”, “herein”, “hereinafter”, “hereto”, “hereof”, and words of similar import shall, unless the context otherwise requires, mean, from and after the
      Amendment No. 2 Effective Date, the Credit Agreement.

   

  SECTION 4.       REFERENCE TO AND EFFECT ON THE CREDIT AGREEMENT. On and after the
      Amendment No. 2 Effective Date, (i) each reference in the Credit Agreement to “this Agreement,” “hereunder,” “hereof” or text of like import referring to the Credit Agreement shall mean and be a reference to the Credit Agreement as amended by this
      Amendment, (ii) all references in the Credit Agreement and each of the other Credit Documents to “this Agreement” or “the Credit Agreement” shall be deemed to be references to the Credit Agreement, as amended by this Amendment, (iii) each 2022
      Supplemental Term Lender shall constitute a “Lender” under and as defined in the Credit Agreement, (iv) the 2022 Supplemental Term Commitments shall constitute a “Term Loan Commitment” under and as defined in the Credit Agreement and (v) each
      reference to a “Term Loan” or “Term Loans” in the Credit Documents shall be deemed to include the 2022 Supplemental Term Loans and each reference to “Lender” or “Lenders” in the Credit Documents
        shall be deemed to include the 2022 Supplemental Term Lenders. On and after the Amendment No. 2 Effective Date, this Amendment shall for all purposes constitute a “Credit Document” under and as defined in the Credit Agreement and the other Credit
        Documents.

    

  
     

    
      
 

  

   

  SECTION 5.       REPRESENTATIONS & WARRANTIES. The Borrower hereby represents and
      warrants to the 2022 Supplemental Term Lenders and the Administrative Agent on and as of the Amendment No. 2 Effective Date, that:

   

  (a)          no Event of Default has occurred and is continuing or would result immediately from
      the Amendment No. 2 Transactions; and

   

  (b)         the representations and warranties in the Credit Documents are
      true and correct in all material respects on and as of the Amendment No. 2 Effective Date (except for representations and warranties that are already qualified by materiality, which representations and warranties are true and correct in all
      respects), immediately prior to, and after giving effect to, the incurrence of the 2022 Supplemental Term Loans except to the extent that such representations and warranties specifically refer to an earlier date, in which case they shall be true and
      correct in all material respects as of such earlier date (except for representations and warranties that are already qualified by materiality, which representations and warranties are true and correct in all respects).

   

  SECTION 6.       CONDITIONS PRECEDENT. This Amendment shall become effective as of the
      date (the “Amendment No. 2 Effective Date”) when the conditions set forth in this Section 6 shall have been satisfied (or waived by the 2022 Supplemental Term Lenders):

   

  (a)          Amendment Documents. The Administrative Agent shall
      have received the following, in each case in form and substance reasonably satisfactory to the Administrative Agent and the 2022 Supplemental Term Lenders:

   

  (i)            an executed Notice of Borrowing with respect to
      the 2022 Supplemental Term Loans, duly executed by the Borrower and delivered by not later than (A) 1:00 p.m. (New York time) at least three (3) Business Days prior to the Amendment No. 2 Effective Date for LIBOR Rate Loans (or such shorter period as
      the Administrative Agent may agree), and (B) prior to 12:00 p.m. (New York time) at least three (3) Business Days prior to to the Amendment No. 2 Effective Date for Index Rate Loans, which Notice of Borrowing shall be deemed to be conditioned on the
      consummation of the Amendment No. 2 Transactions;

   

  (ii)           counterparts of this Amendment executed by the
      Borrower, the Guarantors, the Administrative Agent, the Collateral Agent, the 2022 Supplemental Term Lenders and the other Lenders party hereto (for the avoidance of doubt, collectively constituting all of the Lenders as of the Amendment No. 2
      Effective Date);

   

  (iii)          an executed legal opinion of Dechert LLP, counsel
      to the Credit Parties addressed to the Administrative Agent, the Collateral Agent and the Lenders and in form and substance reasonably satisfactory to the Administrative Agent and the Collateral Agent;

   

  (iv)          a certificate attesting to the Solvency of the
      Borrower and its Subsidiaries, on a consolidated basis, from the chief financial officer or other Authorized Officer of the Borrower (after giving effect to the incurrence of 2022 Supplemental Term Loans and the application of the proceeds therefrom), substantially in the form of the Solvency Certificate furnished on the Closing Date; and

    

  
     

    
      
 

  

  

   

  (v)          a certificate for each Credit Party, dated the
      Amendment No. 2 Effective Date, duly executed and delivered by such Credit Party’s secretary or assistant secretary, managing member or general partner, or other Authorized Officer, as applicable, as to:

   

  		(1)	resolutions of each such Person’s board of managers/directors (or other managing body, in the case of a Person that is not a corporation) then
            in full force and effect expressly and specifically authorizing, to the extent relevant, all aspects of this Amendment and the execution, delivery and performance of this Amendment;

   

  		(2)	the incumbency and signatures of its Authorized Officers and any other of its officers, managing member or general partner, as applicable,
            authorized to act with respect to this Amendment; and

   

  		(3)	each such Person’s Organization Documents, as amended, modified or supplemented as of the Amendment No. 2 Effective Date, and good standing
            certificates, each certified by the appropriate officer or official body of the jurisdiction of organization of such Person.

   

  (b)          Representations and Warranties. The representations and
      warranties in Section 5 hereof shall be true and correct as of the Amendment No. 2 Effective Date and the Administrative Agent shall have received a customary closing certificate, in form and substance reasonably satisfactory to the Administrative
      Agent and the 2022 Supplemental Term Lenders, dated as of the Amendment No. 2 Effective Date and signed by an Authorized Officer of the Borrower, certifying the foregoing.

   

  		(c)	Fees and Expenses.

   

  		(i)	The Borrower shall have paid (or caused to be paid) to each 2022 Supplemental Term Lender on the Amendment No. 2 Effective Date a
            non-refundable closing fee of 1.50% of the aggregate principal amount of 2022 Supplemental Term Loans actually funded by such 2022 Supplemental Term Lender on the Amendment No. 2 Effective Date. The closing fee may be treated by all parties as
            original issue discount for U.S. federal income tax purposes.

   

  		(ii)	The Administrative Agent and the 2022 Supplemental Term Lenders shall have been paid all reasonable and documented out-of-pocket costs, fees
            and expenses (including reasonable and documented out-of-pocket legal costs, fees and expenses) owing to them pursuant to Section 13.05 of the Credit Agreement (or as otherwise separately agreed in writing in connection with this Amendment), to
            the extent invoiced in reasonable detail at least three Business Days before the Amendment No. 2 Effective Date (except as otherwise agreed to by the Borrower).

   

  		(iii)	The obligations under paragraphs (i) and (ii) above may be satisfied by the Borrower authorizing in the Notice of Borrowing the amount of such
            closing fee and/or such costs, fees and expenses to be deducted from the proceeds of the 2022 Supplemental Term Loans.

    

  
     

    
      
 

  

   

  (d)          KYC. Each of the
      2022 Supplemental Lenders shall have received at least three (3) Business Days prior to the Amendment No. 2 Effective Date (i) all documentation and other information about the Credit Parties required in order to comply with applicable “know your
      customer” and Anti-Money Laundering Laws rules and regulations, including the USA PATRIOT Act, and (ii) to the extent the Borrower qualifies as a “legal entity customer” a customary FinCEN beneficial ownership certificate, that in each case has been
      requested in writing at least five (5) Business Days prior to the Amendment No. 2 Effective Date.

   

  SECTION 7.       REAFFIRMATION.

   

  By executing and delivering a copy hereof, (i) the Borrower and each other
      Credit Party hereby (A) agrees that all Loans (including, without limitation, the 2022 Supplemental Term Loans made available on the Amendment No. 2 Effective Date) shall be guaranteed pursuant to the Guarantee Agreement in accordance with the terms
      and provisions thereof and shall be secured pursuant to the Security Documents in accordance with the terms and provisions thereof and (ii) the Borrower and each other Credit Party hereby (A) reaffirms its prior grant and the validity of the Liens
      granted by it pursuant to the Security Documents, (B) agrees that, notwithstanding the effectiveness of this Amendment, after giving effect to this Amendment, the Guarantee Agreement and the Liens created pursuant to the Security Documents for the
      benefit of the Secured Parties (including, without limitation, the 2022 Supplemental Term Lenders) continue to be in full force and effect and (C) affirms, acknowledges and confirms its guarantee of the Obligations and the pledge of and/or grant of
      security interests in its assets as Collateral to secure the Obligations, in each case after giving effect to this Amendment, all as provided in such Credit Documents, and acknowledges and agrees that such guarantee, pledge and/or grant continue in
      full force and effect in respect of, and to secure, the Obligations (including, without limitation, the Obligations with respect to the 2022 Supplemental Term Loans), in each case after giving effect to this Amendment.

   

  SECTION 8.       MISCELLANEOUS

        PROVISIONS.

  

   

  (a)           Amendments. No amendment or waiver of any provision of
      this Amendment shall be effective unless in writing signed by each party hereto and as otherwise required by Section 13.01 of the Credit Agreement.

   

  (b)          Ratification. This Amendment is limited to the matters
      specified herein and shall not constitute a modification, acceptance or waiver of any other provision of the Credit Agreement or any other Credit Document. Nothing herein contained shall be construed as a substitution or novation of the obligations
      outstanding under the Credit Agreement or any other Credit Document or instruments securing the same, which shall remain in full force and effect as modified hereby.

   

  (c)           No Novation; Effect of this Amendment. This Amendment
      does not extinguish the Obligations for the payment of money outstanding under the Credit Agreement or discharge or release the lien or priority of any Credit Document or any other security therefor or any guarantee thereof, and the liens and
      security interests existing immediately prior to the Amendment No. 2 Effective Date in favor of the Collateral Agent for the benefit of the Secured Parties securing payment of the Obligations are in all respects continuing and in full force and
      effect with respect to all Obligations. Except as expressly provided herein, nothing herein contained shall be construed as a substitution or novation, or a payment and reborrowing, or a termination, of the Obligations outstanding under the Credit
      Agreement or instruments guaranteeing or securing the same, which shall remain in full force and effect, except as modified hereby. Nothing expressed or implied in this Amendment or any other document contemplated hereby shall be construed as a
      release or other discharge of Holdings or the Borrower under the Credit Agreement or the Borrower or any other Credit Party under any Credit Document from any of its obligations and liabilities thereunder, and except as expressly provided, such
      obligations are in all respects continuing with only the terms being modified as provided in this Amendment. The Credit Agreement and each of the other Credit Documents shall remain in full force and effect, until and except as modified. Except as
      expressly set forth herein, this Amendment shall not by implication or otherwise limit, impair, constitute a waiver of, or otherwise affect the rights and remedies of the Lenders or the Agents under the Credit Agreement or any other Credit Document,
      and shall not alter, modify, amend or in any way affect any of the terms, conditions, obligations, covenants or agreements contained in the Credit Agreement or any other Credit Document, all of which are ratified and affirmed in all respects and
      shall continue in full force and effect. Nothing herein shall be deemed to entitle any Credit Party to a consent to, or a waiver, amendment, modification or other change of, any of the terms, conditions, obligations, covenants or agreements contained
      in the Credit Agreement or any other Credit Document in similar or different circumstances. This Amendment shall apply and be effective only with respect to the provisions of the Credit Agreement specifically referred to herein.

   

  
     

    
      
 

  

  

   

  (d)          GOVERNING LAW; SUBMISSION TO JURISDICTION, ETC.. SECTIONS

        13.13 (GOVERNING LAW) AND 13.14 (SUBMISSION TO JURISDICTION; WAIVERS) OF THE CREDIT AGREEMENT ARE INCORPORATED BY REFERENCE HEREIN AS IF SUCH SECTIONS APPEARED HEREIN, MUTATIS MUTANDIS.

   

  (e)          Severability. Section 13.11 (Severability) of
      the Credit Agreement is incorporated by reference herein as if such Section appeared herein, mutatis mutandis.

   

  (f)           Counterparts; Effectiveness. This Amendment may be
      executed in one or more counterparts (and by different parties hereto in different counterparts), each of which shall be deemed an original, but all of which together shall constitute a single contract. Delivery of an executed counterpart of a
      signature page to this Amendment by telecopy or other electronic imaging (including in pdf. or .tif format) means shall be effective as delivery of a manually executed counterpart of this Amendment.

   

  (g)          Headings. Section headings herein are included herein
      for convenience of reference only and shall not constitute a part hereof for any other purpose or be given any substantive effect.

   

  (h)          Electronic Execution. The words “execution,” “signed,”
      “signature,” and words of like import in this Amendment or any amendment or other modification hereof (including 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.

   

  SECTION 9.       RELEASE; COVENANT NOT TO SUE.

   

  (a)          In consideration of the agreements of the Administrative Agent
      contained herein and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Borrower and each Guarantor, on behalf of itself and its successors and assigns, and its present and former members,
      managers, shareholders, affiliates, subsidiaries, divisions, directors, officers, attorneys, employees, agents, legal representatives and other representatives (the Borrower, each Guarantor and all such other Persons being hereinafter referred to
      collectively as the “Releasing Parties” and individually as a “Releasing Party”), hereby absolutely, unconditionally and irrevocably releases, remises and forever discharges the Administrative Agent, each Lender, and each of their
      respective successors and assigns, and their respective present and former shareholders, members, managers, affiliates, subsidiaries, divisions, directors, officers, attorneys, employees, agents, legal representatives and other representatives (the
      Administrative Agent, Lenders and all such other Persons being hereinafter referred to collectively as the “Releasees” and individually as a “Releasee”), of and from any and all demands, actions, causes of action, suits, damages and any
      and all other claims, counterclaims, defenses, rights of set-off, demands and liabilities whatsoever (individually, a “Claim” and collectively, “Claims”) of every kind and nature, known or suspected, at law or in equity, which any
      Releasing Party or any of its successors, assigns, or other legal representatives may now or hereafter own, hold, have or claim to have against the Releasees or any of them for, upon, or by reason of any circumstance, action, cause or thing
      whatsoever which arises at any time on or prior to the date of this Amendment, for or on account of, or in relation to, or in any way in connection with this Amendment, the Credit Agreement, any of the other Credit Documents or any of the
      transactions hereunder or thereunder. Releasing Parties hereby represent to the Releasees that they have not assigned or transferred any interest in any Claims against any Releasee prior to the date hereof.

    

  
     

    
      
 

  

   

  (b)          The Borrower and each Guarantor understands, acknowledges and
      agrees that the release set forth above may be pleaded as a full and complete defense to any Claim and may be used as a basis for an injunction against any action, suit or other proceeding which may be instituted, prosecuted or attempted in breach of
      the provisions of such release.

   

  (c)          The Borrower and each Guarantor agrees that no fact, event,
      circumstance, evidence or transaction which could now be asserted or which may hereafter be discovered will affect in any manner the final, absolute and unconditional nature of the release set forth above.

   

  (d)          Each Releasing Party hereby absolutely, unconditionally and
      irrevocably covenants and agrees with and in favor of each Releasee that it will not sue (at law, in equity, in any regulatory proceeding or otherwise) any Releasee on the basis of any Claim released, remised and discharged by any Releasing Party
      pursuant to and subject to the terms of Section 9(a) above. If any Releasing Party violates the foregoing covenant, each Credit Party, for itself and its successors and assigns, and its present and former members, managers, shareholders, affiliates,
      subsidiaries, divisions, directors, officers, attorneys, employees, agents, legal representatives and other representatives, agrees to pay, in addition to such other damages as any Releasee may sustain as a result of such violation, all reasonable
      and documented attorneys’ fees and costs incurred by any Releasee as a result of such violation.

   

  [Signature Pages Follow]

    

  
     

    
      
 

  

   

  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.

   

  

  	BORROWER:	 	 
	 	GRINDR CAPITAL LLC, 

            a Delaware limited liability company
	 	(f/k/a San Vicente Capital LLC)
	 	 
	 	By:	/s/ James Lu
	 	Name: 	James Lu
	 	Title:	President and Secretary

   

  

  	HOLDINGS:	 	 
	 	GRINDR GAP LLC, 

            a Delaware limited liability company
	 	(f/k/a San Vicente Gap LLC)
	 	 
	 	By:	/s/ James Lu
	 	Name:	James Lu
	 	Title: 	President and Secretary

   

  	OTHER GUARANTORS:	 	 
	 	GRINDR HOLDINGS LLC, 

            a Delaware limited liability company
	 	(f/k/a Grindr Inc.)
	 	 
	 	By:	/s/ James Lu
	 	Name: 	James Lu
	 	Title: 	Vice President
	 	 	 
	 	GRINDR LLC, 

            a California limited liability company
	 	 	 
	 	By:	/s/ James Lu
	 	Name: 	James Lu
	 	Title: 	Vice President
	 	 
	 	BLENDR LLC, 

            a California limited liability company
	 	 	 
	 	By:	/s/ James Lu
	 	Name: 	James Lu
	 	Title: 	Vice President

   

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

   

  
     

    
      
 

  

   

  

  	ADMINISTRATIVE AGENT AND COLLATERAL AGENT:	 	 
	 	FORTRESS CREDIT CORP., 

            as Administrative Agent and Collateral Agent
	 	 
	 	By:	/s/ Avraham Dreyfuss
	 	Name: 	Avraham Dreyfuss
	 	Title: 	Chief Financial Officer

   

  	LENDERS:	 	 
	 	FORTRESS CREDIT OPPORTUNITIES VI CLO LIMITED
	 	 
	 	By:	FCOO CLO Management LLC, its collateral manager
	 	 
	 	By:	/s/ Avraham Dreyfuss
	 	Name:	Avraham Dreyfuss
	 	Title:	Chief Financial Officer

   

  

  	 	FORTRESS CREDIT OPPORTUNITIES IX CLO LIMITED
	 	 
	 	By:	FCOD CLO Management LLC, its collateral manager
	 	 
	 	By:	/s/ Avraham Dreyfuss
	 	Name:	Avraham Dreyfuss
	 	Title:	Chief Financial Officer

   

  

  	 	FORTRESS CREDIT OPPORTUNITIES XI CLO LIMITED
	 	 
	 	By:	FCOD CLO Management LLC, its collateral manager
	 	 
	 	By:	/s/ Avraham Dreyfuss
	 	Name:	Avraham Dreyfuss
	 	Title:	Chief Financial Officer

   

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

    

  
     

    
      
 

  

   

  

  	LENDERS:	 	 
	 	FORTRESS CREDIT OPPORTUNITIES XV CLO LIMITED
	 	 
	 	By:	FCOD CLO Management LLC, its collateral manager
	 	 
	 	By:	/s/ Avraham Dreyfuss
	 	Name: 	Avraham Dreyfuss
	 	Title: 	Chief Financial Officer

   

  

  	 	FORTRESS CREDIT OPPORTUNITIES XIX CLO LLC
	 	 
	 	By:	FCOD CLO Management LLC, its collateral manager
	 	 
	 	By:	/s/ Avraham Dreyfuss
	 	Name:	Avraham Dreyfuss
	 	Title: 	Chief Financial Officer

   

  	 	FORTRESS CREDIT OPPORTUNITIES XVII CLO LIMITED
	 	 
	 	By:	FCOD CLO Management LLC, its collateral manager
	 	 
	 	By:	/s/ Avraham Dreyfuss
	 	Name: 	Avraham Dreyfuss
	 	Title: 	Chief Financial Officer

   

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

   

  
     

    
      
 

  

  

   

  	LENDERS:	 	 
	 	FLF I AB HOLDINGS FINANCE L.P.
	 	 
	 	By:	FLF I AB Holdings Finance CM LLC, as Servicer
	 	By:	Fortress Lending I Holdings L.P., its Sole Member
	 	By:	Fortress Lending Advisors LLC, its investment manager
	 	 	
	 	By: 	/s/ Avraham Dreyfuss
	 	Name:	Avraham Dreyfuss
	 	Title:	Chief Financial Officer
	 	 	 
	 	FLF I HOLDINGS FINANCE L.P.
	 	 
	 	By:	FLF I Holdings Finance CM LLC, as Servicer
	 	By:	Fortress Lending I Holdings L.P., its Sole Member
	 	By:	Fortress Lending Advisors LLC, its investment manager
	 	 	 
	 	By: 	/s/ Avraham Dreyfuss
	 	Name:	Avraham Dreyfuss
	 	Title:	Chief Financial Officer
	 	 	 
	 	FLF III GMS HOLDINGS FINANCE L.P.
	 	 
	 	By:	FLF III GMS Holdings Finance CM LLC, as Servicer
	 	By:	Fortress Lending III Holdings L.P., its Sole Member
	 	By:	Fortress Lending Advisors III LLC, its investment manager
	 	 	 
	 	By: 	/s/ Avraham Dreyfuss
	 	Name:	Avraham Dreyfuss
	 	Title:	Chief Financial Officer
	 	 	 
	 	FLF III HOLDINGS FINANCE L.P.
	 	 
	 	By:	FLF III Holdings Finance CM LLC, as Servicer
	 	By:	Fortress Lending III Holdings L.P., its Sole Member
	 	By:	Fortress Lending Advisors III LLC, its investment manager
	 	 	
	 	By: 	/s/ Avraham Dreyfuss
	 	Name:	Avraham Dreyfuss
	 	Title:	Chief Financial Officer

   

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

   

  
     

    
      
 

  

   

  	LENDERS:	 	 
	 	BCP SPECIAL OPPORTUNITIES FUND I HOLDINGS LP
	 	 
	 	By:	BCP Special Opportunities Fund I Holdings GP LLC
	 	Its:	General Partner
	 	 
	 	By:	/s/ Ted Goldthorpe
	 	Name: 	Ted Goldthorpe
	 	Title: 	Authorized Signatory

   

  

  	 	GREAT LAKES PORTMAN RIDGE FUNDING LLC
	 	 	 
	 	By:	/s/ Ted Goldthorpe
	 	Name: 	Ted Goldthorpe
	 	Title: 	Authorized Signatory

   

  

  	 	GREAT LAKES BCPL FUNDING, LTD.
	 	 	 
	 	By:	/s/ Ted Goldthorpe
	 	Name: 	Ted Goldthorpe
	 	Title: 	Authorized Signatory

   

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

    

  
     

    
      
 

  

   

  

  	LENDERS:	 
	 	SPECIALTY CREDIT FACILITY II ON MM, LLC
	 	 	 
	 	By:	/s/ Jesse Dorigo
	 	Name: 	Jesse Dorigo
	 	Title: 	Authorized Signatory

   

  

  	 	SCF II ABL 2 ON, LLC
	 	 	 
	 	By:	/s/ Jesse Dorigo
	 	Name: 	Jesse Dorigo
	 	Title: 	Authorized Signatory

   

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

   

  
     

    
      
 

  

   

  	LENDERS:	 
	 	BTC HOLDINGS FUND I, LLC
	 	 	 
	 	By:	Blue Torch Credit Opportunities Fund I LP, its sole member
	 	By:	Blue Torch Credit Opportunities GP LLC, its general partner
	 	By:	KPG BTC Management LLC, its sole member
	 	 	 
	 	By:	/s/ Kevin Genda
	 	Name:	Kevin Genda
	 	Title:	Managing Member

   

  	 	BTC HOLDINGS FUND II, LLC
	 	 	 
	 	By:	Blue Torch Credit Opportunities Fund II LP, its sole member
	 	By:	Blue Torch Credit Opportunities GP II LLC, its general partner
	 	By:	KPG BTC Management LLC, its sole member
	 	 	 
	 	By:	/s/ Kevin Genda
	 	Name:	Kevin Genda
	 	Title:	Managing Member

   

  	 	BTC OFFSHORE HOLDINGS FUND II-B LLC
	 	 	 
	 	By:	Blue Torch Offshore Credit Opportunities Master Fund II, LP, its sole member
	 	By:	Blue Torch Offshore Credit Opportunities GP II LLC, its general partner
	 	By:	KPG BTC Management LLC, its sole member
	 	 	 
	 	By:	/s/ Kevin Genda
	 	Name:	Kevin Genda
	 	Title:	Managing Member

   

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

   

  
     

    
      
 

  

   

  	LENDERS:	 	 
	 	BTC HOLDINGS SC FUND LLC
	 	 	 
	 	By:	Blue Torch Credit Opportunities SC Master Fund, LP, its sole member
	 	By:	Blue Torch Credit Opportunities SC GP LLC, its general partner
	 	By:	KPG BTC Management LLC, its sole member
	 	 	 
	 	By:	/s/ Kevin Genda
	 	Name:	Kevin Genda
	 	Title:	Managing Member
	 	 	 
	 	BTC HOLDINGS SBAF FUND LLC
	 	 	 
	 	By:	Blue Torch Credit Opportunities SBAF Fund LP, its sole member
	 	By:	Blue Torch Credit Opportunities SBAF GP LLC, its general partner
	 	By:	KPG BTC Management LLC, its sole member
	 	 	 
	 	By:	/s/ Kevin Genda
	 	Name:	Kevin Genda
	 	Title:	Managing Member
	 	 	 
	 	BTC HOLDINGS KRS FUND LLC
	 	 	 
	 	By:	Blue Torch Credit Opportunities KRS Fund LP, its sole member
	 	By:	Blue Torch Credit Opportunities KRS GP LLC, its general partner
	 	By:	KPG BTC Management LLC, its sole member
	 	 	 
	 	By:	/s/ Kevin Genda
	 	Name:	Kevin Genda
	 	Title:	Managing Member
	 	 	 
	 	BLUE TORCH CREDIT OPPORTUNITIES FUND I LP
	 	 	 
	 	By:	Blue Torch Credit Opportunities GP LLC, its general partner
	 	By:	KPG BTC Management LLC, its sole member
	 	 	 
	 	By:	/s/ Kevin Genda
	 	Name:	Kevin Genda
	 	Title:	Managing Member

   

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

   

  
     

    
      
 

  

   

  SCHEDULE 1

   

  2022 Supplemental Term Commitments

   

  	2022 Supplemental
              Term Lender	2022 Supplemental Term
              Commitment	Applicable Percentage
	FLF III GMS Holdings Finance L.P.	$23,400,000.00	39.00%
	FLF III Holdings Finance L.P.	$14,725,000.00	24.54%
	GREAT LAKES PORTMAN RIDGE FUNDING LLC	$937,500.00	1.56%
	GREAT LAKES BCPL FUNDING LTD.	$625,000.00	1.04%
	BCP SPECIAL OPPORTUNITIES FUND I HOLDINGS LP	$1,562,500.00	2.60%
	SCF II ABL 2 ON, LLC	$9,375,000.00	15.63%
	BTC HOLDINGS FUND II, LLC	$1,197,586.62	2.00%
	BTC OFFSHORE HOLDINGS FUND II-B, LLC	$927,363.09	1.55%
	BTC HOLDINGS SC FUND LLC	$1,274,683.07	2.12%
	BTC HOLDINGS SBAF FUND LLC	$1,577,223.14	2.63%
	BTC HOLDINGS KRS FUND LLC	$886,774.41	1.48%
	BLUE TORCH CREDIT OPPORTUNITIES FUND I, LP	$3,511,369.67	5.85%
	Total	$60,000,000	100.00%

   

  
     

    
      
 

  

   

  EXHIBIT A

   

  [See attached.]

   

  
     

    
      
 

  

  EXECUTION VERSION

  CONFORMED THROUGH AMENDMENT NO. 2

    

  

  CREDIT AGREEMENT

  by and among

   

  SAN VICENTE GAP LLC, 

  as Holdings, and

   

  SAN VICENTE CAPITAL LLC, 

  as the Borrower,

   

  Certain Subsidiaries of the Borrower from Time to Time Party Hereto, 

  as Guarantors,

   

  the Lenders 

  from Time to Time Party Hereto,

   

  FORTRESS CREDIT CORP., 

  as Administrative Agent, Collateral Agent, Lead Arranger and Bookrunner

   

  Dated as of June 10, 2020

   

  

  
  
     

  

  
  
     

    
      
 

  

  
  TABLE OF CONTENTS

   

  	 	 	 	 	 	Page
	 	 	 	 	 	 
	ARTICLE I DEFINITIONS	 	1
	 	Section 1.01	 	Defined Terms	 	1
	 	Section 1.02	 	Other Interpretive Provisions	 	39
	 	Section 1.03	 	Accounting Terms	 	40
	 	Section 1.04	 	Rounding	 	40
	 	Section 1.05	 	References to Agreements, Laws, etc.	 	41
	 	Section 1.06	 	Times of Day	 	41
	 	Section 1.07	 	Timing of Payment of Performance	 	41
	 	Section 1.08	 	Corporate Terminology	 	41
	 	 	 	 	 	 
	ARTICLE II AMOUNT AND TERMS OF THE CREDIT FACILITY	 	41
	 	Section 2.01	 	Loans	 	41
	 	Section 2.02	 	Maximum Number of Borrowings	 	42
	 	Section 2.03	 	Notice of Borrowing	 	42
	 	Section 2.04	 	Disbursement of Funds	 	42
	 	Section 2.05	 	Payment of Loans; Evidence of Debt	 	43
	 	Section 2.06	 	Conversions and Continuations	 	44
	 	Section 2.07	 	Pro Rata Borrowings	 	44
	 	Section 2.08	 	Interest	 	44
	 	Section 2.09	 	LIBOR Periods	 	45
	 	Section 2.10	 	Increased Costs, Illegality, Unavailability or Inadequacy of LIBOR, etc.	 	46
	 	Section 2.11	 	Compensation	 	47
	 	Section 2.12	 	Benchmark Replacement	 	48
	 	Section 2.13	 	Notice of Certain Costs	 	49
	 	Section 2.14	 	[Reserved]	 	49
	 	Section 2.15	 	Defaulting Lenders	 	49
	 	 	 	 	 	 
	ARTICLE III [RESERVED]	 	50
	 	 	 	 	 	 
	ARTICLE IV FEES AND COMMITMENT TERMINATIONS	 	50
	 	Section 4.01	 	Fees	 	50
	 	Section 4.02	 	Mandatory Termination of Commitments	 	50
	 	 	 	 	 	 
	ARTICLE V PAYMENTS	 	51
	 	Section 5.01	 	Voluntary Prepayments and Optional Commitment Reductions	 	51
	 	Section 5.02	 	Mandatory Prepayments and Commitment Reductions	 	51
	 	Section 5.03	 	Payment of Obligations; Method and Place of Payment	 	55
	 	Section 5.04	 	Net Payments	 	55
	 	Section 5.05	 	Computations of Interest and Fees	 	58
	 	 	 	 	 	 
	ARTICLE VI CONDITIONS PRECEDENT TO INITIAL CREDIT
              EXTENSION	 	59
	 	Section 6.01	 	Credit Documents	 	59
	 	Section 6.02	 	Collateral	 	59
	 	Section 6.03	 	Legal Opinion	 	60
	 	Section 6.04	 	Filings	 	60
	 	Section 6.05	 	Secretary’s Certificates	 	60
	 	Section 6.06	 	Other Documents and Certificates	 	60

  
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  	 	 	 	 	 	Page 

        
	 	Section 6.07	 	Solvency Certificate	 	61
	 	Section 6.08	 	Sponsor Investment	 	61
	 	Section 6.09	 	Consummation of Acquisition	 	61
	 	Section 6.10	 	CFIUS Clearance	 	61
	 	Section 6.11	 	Indemnification Payments	 	61
	 	Section 6.12	 	Financial Information	 	62
	 	Section 6.13	 	Insurance	 	62
	 	Section 6.14	 	Material Adverse Effect	 	62
	 	Section 6.15	 	Representations and Warranties	 	62
	 	Section 6.16	 	Fees and Expenses	 	62
	 	Section 6.17	 	Patriot Act Compliance	 	62
	 	Section 6.18	 	Additional Documents	 	62
	 	Section 6.19	 	No Other Indebtedness	 	62
	 	 	 	 	 	 
	ARTICLE VII ADDITIONAL CONDITIONS PRECEDENT	 	63
	 	Section 7.01	 	Post-Closing Covenant	 	63
	 	 	 	 	 	 
	ARTICLE VIII REPRESENTATIONS, WARRANTIES AND
              AGREEMENTS	 	64
	 	Section 8.01	 	Corporate Status	 	64
	 	Section 8.02	 	Corporate Power and Authority	 	64
	 	Section 8.03	 	No Violation	 	64
	 	Section 8.04	 	Labor Controversies	 	65
	 	Section 8.05	 	Litigation	 	65
	 	Section 8.06	 	Use of Proceeds; Regulations U and X	 	65
	 	Section 8.07	 	Approvals, Consents, etc.	 	65
	 	Section 8.08	 	Investment Company Act	 	66
	 	Section 8.09	 	Accuracy of Information	 	66
	 	Section 8.10	 	Financial Condition; Financial Statements	 	66
	 	Section 8.11	 	Tax Returns and Payments	 	66
	 	Section 8.12	 	Compliance with ERISA	 	66
	 	Section 8.13	 	Subsidiaries	 	67
	 	Section 8.14	 	Intellectual Property	 	67
	 	Section 8.15	 	Environmental Warranties	 	69
	 	Section 8.16	 	Ownership of Properties	 	69
	 	Section 8.17	 	No Default	 	69
	 	Section 8.18	 	Solvency	 	69
	 	Section 8.19	 	Security Documents	 	69
	 	Section 8.20	 	Compliance with Laws; Authorizations	 	70
	 	Section 8.21	 	No Material Adverse Effect	 	70
	 	Section 8.22	 	Status of Holdings	 	70
	 	Section 8.23	 	Insurance	 	70
	 	Section 8.24	 	Evidence of Other Indebtedness	 	70
	 	Section 8.25	 	Senior Indebtedness	 	70
	 	Section 8.26	 	[Reserved]	 	71
	 	Section 8.27	 	Patriot Act	 	71
	 	Section 8.28	 	Foreign Assets Control Regulations and Anti-Money Laundering	 	71
	 	Section 8.29	 	Broker’s Fees	 	72
	 	 	 	 	 	 
	ARTICLE IX AFFIRMATIVE COVENANTS	 	72
	 	Section 9.01	 	Financial Information, Reports, Notices and Information	 	72

  
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	 	Section 9.02	 	Books, Records and Inspections	 	75
	 	Section 9.03	 	Maintenance of Insurance	 	75
	 	Section 9.04	 	Payment of Taxes	 	76
	 	Section 9.05	 	Maintenance of Existence; Compliance with Laws, etc.	 	76
	 	Section 9.06	 	Environmental Compliance	 	76
	 	Section 9.07	 	ERISA	 	77
	 	Section 9.08	 	Maintenance of Properties	 	78
	 	Section 9.09	 	Additional Guarantors and Grantors	 	78
	 	Section 9.10	 	Pledges of Additional Stock	 	79
	 	Section 9.11	 	Use of Proceeds	 	79
	 	Section 9.12	 	Further Assurances	 	79
	 	Section 9.13	 	Bank Accounts	 	81
	 	Section 9.14	 	Senior Obligations	 	82
	 	Section 9.15	 	Lender Meetings	 	82
	 	Section 9.16	 	OFAC; Patriot Act	 	82
	 	Section 9.17	 	Compliance with Laws; Authorizations	 	82
	 	Section 9.18	 	Data Privacy	 	82
	 	Section 9.19	 	CFIUS	 	82
	 	 	 	 	 	 
	ARTICLE X NEGATIVE COVENANTS	 	83
	 	Section 10.01	 	Limitation on Indebtedness	 	83
	 	Section 10.02	 	Limitation on Liens	 	85
	 	Section 10.03	 	Consolidation, Merger, etc.	 	88
	 	Section 10.04	 	Permitted Dispositions	 	88
	 	Section 10.05	 	Investments	 	91
	 	Section 10.06	 	Restricted Payments, etc.	 	93
	 	Section 10.07	 	Modification of Certain Agreements	 	95
	 	Section 10.08	 	Transactions with Affiliates	 	95
	 	Section 10.09	 	Restrictive Agreements, etc.	 	96
	 	Section 10.10	 	Hedging Agreement, etc.	 	96
	 	Section 10.11	 	Changes in Business	 	96
	 	Section 10.12	 	Financial Covenants	 	97
	 	Section 10.13	 	Voluntary Prepayments of Junior Indebtedness	 	97
	 	Section 10.14	 	Sale and Lease-Back Transactions	 	97
	 	Section 10.15	 	OFAC; Patriot Act	 	97
	 	Section 10.16	 	Use of Proceeds	 	97
	 	Section 10.17	 	Change of Jurisdiction or Corporate Name; Change of Fiscal Year or Fiscal Quarters	 	97
	 	Section 10.18	 	Data Privacy	 	98
	 	 	 	 	 	 
	ARTICLE XI EVENTS OF DEFAULT	 	98
	 	Section 11.01	 	Listing of Events of Default	 	98
	 	Section 11.02	 	Remedies Upon Event of Default	 	101
	 	 	 	 	 	 
	ARTICLE XII THE AGENTS	 	101
	 	Section 12.01	 	Appointment	 	101
	 	Section 12.02	 	Delegation of Duties	 	101
	 	Section 12.03	 	Exculpatory Provisions	 	101
	 	Section 12.04	 	Reliance by Agents	 	102
	 	Section 12.05	 	Notice of Default	 	102

  
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	 	Section 12.06	 	Non Reliance on Agents and Other Lenders	 	102
	 	Section 12.07	 	Indemnification	 	103
	 	Section 12.08	 	Agent in Its Individual Capacity	 	103
	 	Section 12.09	 	Successor Agents	 	103
	 	Section 12.10	 	Agents Generally	 	104
	 	Section 12.11	 	Restrictions on Actions by Lenders; Sharing of Payments	 	104
	 	Section 12.12	 	Agency for Perfection	 	104
	 	Section 12.13	 	Lead Arranger and Bookrunner	 	104
	 	 	 	 	 	 
	ARTICLE XIII MISCELLANEOUS	 	105
	 	Section 13.01	 	Amendments and Waivers	 	105
	 	Section 13.02	 	Notices and Other Communications; Facsimile Copies	 	107
	 	Section 13.03	 	No Waiver; Cumulative Remedies	 	108
	 	Section 13.04	 	Survival of Representations and Warranties	 	108
	 	Section 13.05	 	Payment of Expenses; Indemnification	 	109
	 	Section 13.06	 	Successors and Assigns; Participations and Assignments	 	109
	 	Section 13.07	 	Replacements of Lenders Under Certain Circumstances	 	113
	 	Section 13.08	 	Securitization	 	114
	 	Section 13.09	 	Adjustments; Set-off	 	114
	 	Section 13.10	 	Counterparts	 	115
	 	Section 13.11	 	Severability	 	115
	 	Section 13.12	 	Integration	 	115
	 	Section 13.13	 	GOVERNING LAW	 	115
	 	Section 13.14	 	Submission to Jurisdiction; Waivers	 	115
	 	Section 13.15	 	Acknowledgments	 	116
	 	Section 13.16	 	WAIVERS OF JURY TRIAL	 	116
	 	Section 13.17	 	Confidentiality	 	116
	 	Section 13.18	 	Press Releases, etc.	 	118
	 	Section 13.19	 	Releases of Guarantees and Liens	 	118
	 	Section 13.20	 	USA Patriot Act	 	119
	 	Section 13.21	 	No Fiduciary Duty	 	119
	 	Section 13.22	 	Authorized Officers	 	119
	 	Section 13.23	 	[Reserved]	 	119
	 	Section 13.24	 	[Reserved]	 	119
	 	Section 13.25	 	Currency	 	119
	 	Section 13.26	 	Acknowledgement and Consent to Bail-In of EEA Financial Institutions	 	120

  
    iv

    
      
 

  

  	SCHEDULES
	 	 
	Schedule 1.01(a)	Commitments
	Schedule 8.11	Tax Returns and Payments
	Schedule 8.13	Subsidiaries
	Schedule 8.16	Real Property
	Schedule 8.19	Security Documents, Perfection Matters
	Schedule 8.23	Insurance
	 	 
	Schedule 9.13	Deposit Accounts
	Schedule 10.02	Liens
	Schedule 10.05	Investments
	Schedule 10.08	Affiliate Transactions
	Schedule 10.18	Data Privacy
	Schedule 13.02	Addresses for Notices
	 	 
	EXHIBITS/ANNEX
	 	 
	Annex A	Pwc Project Goliath Acquisition Structuring Memorandum dated June 4, 2020
	Exhibit A	Form of Assignment and Acceptance
	Exhibit B	Form of Solvency Certificate
	Exhibit C	Form of Compliance Certificate
	Exhibit D	[Reserved]
	Exhibit E	Form of Notice of Borrowing
	Exhibit F	Form of Notice of Conversion or Continuation
	Exhibit G	[Reserved]
	Exhibit H	Form of Note
	Exhibit I	[Reserved]
	Exhibit J	[Reserved]
	
          Exhibit K

        	Form of Intercompany Subordination Agreement
	Exhibit L	Form of U.S. Tax Compliance Certificate
	Exhibit M	Form of Voluntary Prepayment Notice

  
    v

    
      
 

  

  
  CREDIT AGREEMENT

   

  This CREDIT AGREEMENT,
      dated as of June 10, 2020, is among San Vicente Capital LLC, a Delaware limited liability company (the “Borrower”), San Vicente Gap LLC, a Delaware limited liability company (“Holdings”), each of the Subsidiaries of the
      Borrower signatory hereto as guarantors or hereafter designated as Guarantors pursuant to Section 9.09, the lenders from time to time party hereto (each a “Lender” and, collectively, the “Lenders”), Fortress Credit
      Corp., as administrative agent for the Lenders (in such capacity, together with its successors and permitted assigns in such capacity, the “Administrative Agent”), and as collateral agent for the Secured Parties (in such capacity,
      together with its successors and permitted assigns in such capacity, the “Collateral Agent”, and together with the Administrative Agent, collectively, the “Agents” and each an “Agent”).

   

  RECITALS

   

  WHEREAS, the Borrower has
      requested that the Lenders extend credit to the Borrower in the form of a term loan in the aggregate principal amount of $192,000,000 (the “Term Loan Facility”); and

   

  WHEREAS, the proceeds of
      the Term Loan Facility will be used by the Borrower (i) solely to lend such proceeds to Holdings, which will lend such proceeds to Group to pay up to $192.0 million of the acquisition consideration for the Acquisition on the Closing Date (with the
      Target to be contributed to Borrower concurrently therewith) pursuant to the Acquisition Agreement and, (ii) to pay fees, expenses, premiums, original issue discounts and other transaction costs incurred in connection with the entry into the Credit
      Facility and the foregoing transactions.

   

  AGREEMENT

   

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

   

  ARTICLE I

   

  Definitions

   

  Section 1.01     Defined Terms. As used herein, the following terms shall have the meanings specified in this Section 1.01 unless the context otherwise requires:

   

  “2022 Supplemental Term Commitments” has the
        meaning specified in Amendment No. 2.

   

  “2022 Supplemental Term Facility” has the meaning
        specified in Amendment No. 2.

   

  “2022 Supplemental Term Loan” has the meaning
        specified in Amendment No. 2.

   

  “Accounting Principles”
      means financial reporting prepared by each Credit Party pursuant to GAAP (as defined herein).

   

  “Accounts Receivable”
      shall mean all rights of any Credit Party to payment for goods sold, leased or otherwise disposed of in the ordinary course of business and all rights of any Credit Party to payment for services rendered in the ordinary course of business and all
      sums of money or other proceeds due thereon pursuant to transactions with account debtors, except for that portion of the sum of money or other proceeds due thereon that relate to sales, use or property taxes in conjunction with such transactions,
      recorded on books of account in accordance with the Accounting Principles.

  
    1

    
      
 

  

  “Acquired Entity” shall have the meaning set forth in the
      definition of the term “Purchase”.

   

  “Acquisition” shall
      mean the acquisition of, directly or indirectly, approximately 98.6% of the outstanding capital stock of Grindr Inc., a Delaware corporation (the “Target”) by Group on the Closing Date (with the Target to be contributed to Borrower
      concurrently therewith), with the remaining approximately 1.4% currently held by management to be rolled over into equity of Holdings (as defined below) or a direct or indirect parent entity thereof.

   

  “Acquisition Agreement”
      means that certain Amended and Restated Stock Purchase Agreement, dated as of May 13, 2020, by and among San Vicente Acquisition LLC, a Delaware limited liability company (the “Purchaser”), Kunlun Grindr Holdings Limited, a company
      incorporated under the laws of the Cayman Islands (the “Seller”), and Grindr Inc., a Delaware corporation (together with the exhibits and disclosure schedules thereto), the rights under which have been assigned by the Purchaser to San
      Vicente Group LLC, a Delaware limited liability company (“Group”), effective immediately prior to the closing of the Acquisition.

   

  “Acquisition Documents” shall have the meaning set forth
      in Section 10.07.

   

  “Administrative Agent” shall have the meaning set forth
      in the preamble to this Agreement.

   

  “Administrative
          Questionnaire” shall mean a questionnaire completed by each Lender, in a form approved by the Administrative Agent, in which such Lender, among other things, (a) designates one or more credit contacts to whom all credit facility-related
      information (which may contain material non-public information about the Credit Parties and their Related Parties or their respective securities) will be made available and who may receive such information in accordance with such Lender’s compliance
      procedures and Applicable Laws, including federal and state securities laws and (b) designates an address, facsimile number, electronic mail address and/or telephone number for notices and communications with such Lender.

   

  “Affiliate” shall
      mean, with respect to any Person, any other Person (other than a Lender or affiliate thereof) that directly, or indirectly through one or more intermediaries, Controls or is Controlled by or is under common Control with the Person specified. Without
      limitation, any director, executive officer or beneficial owner of ten percent (10%) or more of the Capital Stock of a Person shall for the purposes of this Agreement, be deemed to be an Affiliate of such Person. Notwithstanding the foregoing,
      neither Agent nor any Lender shall be deemed an “Affiliate” of any Credit Party or of any Subsidiary of any Credit Party solely by reason of the provisions of the Credit Documents. Notwithstanding anything herein to the contrary, none of SoftBank
      Group Corp. or its Affiliates that are not controlled, directly or indirectly, by Fortress Investment Group LLC, shall be deemed to be Affiliates of the Collateral Agent or of Fortress Credit Corp.

   

  “Agents” shall have the meaning set forth in the preamble
      to this Agreement.

   

  “Aggregate Cap”
      means 10% of Consolidated EBITDA for the relevant Test Period (calculated prior to giving effect to any add-backs subject to the Aggregate Cap).

   

  “Agreement” shall
      mean this Credit Agreement, as the same may be amended, restated, amended and restated, refinanced, extended, supplemented, or otherwise modified from time to time.

   

  “Amendment No. 2”
        means that certain Amendment No. 2 to Credit Agreement, dated as of the Amendment No. 2 Effective Date, by and among the Administrative Agent, the Collateral Agent, the Credit Parties and the Lenders party thereto.

  
    2

    
      
 

  

  “Amendment No. 2 Effective Date” means June 13,
        2022.

   

  “Amendment No. 2 Transactions” has the meaning
        specified in Amendment No. 2.

   

  “Anti-Corruption Laws”
      means all laws, rules, and regulations of any jurisdiction applicable to any Credit Party or any of their Subsidiaries from time to time concerning or relating to bribery or corruption.

   

  “Applicable Laws”
      shall mean, as to any Person, any law (including common law), statute, regulation, ordinance, code, rule, order, decree, judgment, writ, injunction, determination, directive, settlement agreement or governmental requirement, whenever enacted,
      promulgated or imposed or entered into or agreed by any Governmental Authority, in each case applicable to or binding on such Person or any of its property or assets or to which such Person or any of its property or assets is subject.

   

  “Applicable Margin”
      shall mean, initially, the percentage per annum equal to, with respect to each Term Loan that is (i) an Index Rate Loan, 7.00% per annum and (ii) a LIBOR Rate Loan, 8.00% per annum.

   

  “Applicable Prepayment
          Premium” shall mean, (i) with respect to the Bridge Amortization payment, a premium of ten percent (10.00%) of the principal payment made, together with payment of all interest that would have accrued on the Term Loans (assuming no change
      in the LIBOR Rate) until February 28, 2021 on the amount of the Bridge Amortization, and (ii) with respect to any other prepayments of the principal of the Term Loans in connection with a Prepayment Event occurring prior to the fourth anniversary of
      the Closing Date, shall be accompanied by a premium equal to: (a) on any date prior to the date that is twenty-four (24) months after the Closing Date, payment of all interest that would have accrued on the Term Loans (assuming no change in the LIBOR
      Rate) until the date that is twenty-four (24) months after the Closing Date, plus a premium of two percent (2.00%) of the principal amount of the Term Loan Facility so prepaid, repaid, refinanced or amended, (b) after the date that is twenty-four
      (24) months after the Closing Date but prior to the date that is thirty-six (36) months after the Closing Date (or if such date is not a Business Day, the previous Business Day), two percent (2.00%) of the principal amount of the Term Loan Facility
      so prepaid, repaid, refinanced or amended and (c) on or after the date that is thirty-six (36) months after the Closing Date (or if such date is not a Business Day, the previous Business Day) but on or prior to the date that is forty-eight (48)
      months after the Closing Date, one percent (1.00%) of the principal amount of the Term Loan Facility so prepaid, repaid, refinanced or amended, in each case, with respect to clauses (i) and (ii), including such prepayment, repayment, refinancing or
      amendment in connection with (u) a Change of Control, (v) an acceleration of the Term Loan Facility as a result of the occurrence of an Event of Default, (w) foreclosure and sale of, or collection of, the Collateral in connection with the exercise of
      remedies by the Agents and Lenders following an Event of Default, (x) sale of the Collateral in any insolvency proceeding of any Credit Party, (y) the restructure, reorganization, or compromise of the Term Loan Facility by the confirmation of a plan
      of reorganization or any other plan of compromise, restructure, or arrangement in any insolvency proceeding of any Credit Party or any of its Subsidiaries, or (z) the termination of the Credit Documents for any reason.

   

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

   

  “Arranger” shall mean Fortress Credit Corp.

   

  “ASC” shall have the meaning set forth in the definition
      of Consolidated EBITDA.

  
    3

    
      
 

  

  “Assignment and Acceptance”
      shall mean an assignment and acceptance substantially in the form of Exhibit A.

   

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

   

  “Authorized Officer”
      shall mean, with respect to any Credit Party, the Chairman, the President, the Chief Executive Officer, the Chief Financial Officer, the Chief Operating Officer, the Treasurer or any vice president, secretary or other senior officer (to the extent
      that such senior officer is designated as such in writing to the Agents by such Credit Party) of such Credit Party.

   

  “Bail-In Action”
      shall mean 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”
      shall mean, with respect to an EEA Member Country implementing Article 55 of Directive 2014/59/EU of the European Parliament and 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.

   

  “Benchmark Replacement”
      means the sum of: (a) the alternate benchmark rate (which may include Term SOFR) that has been selected by the Administrative Agent and the Borrower giving due consideration to (i) any selection or recommendation of a replacement rate or the
      mechanism for determining such a rate by the Relevant Governmental Body or (ii) any evolving or then-prevailing market convention for determining a rate of interest as a replacement to the LIBOR Rate for U.S. dollar-denominated syndicated credit
      facilities and (b) the Benchmark Replacement Adjustment; provided that, if the Benchmark Replacement as so determined would be less than zero, the Benchmark Replacement will be deemed to be zero for the purposes of this Agreement.

   

  “Benchmark Replacement
          Adjustment” means, with respect to any replacement of the LIBOR Rate with an Unadjusted Benchmark Replacement for each applicable interest period, the spread adjustment, or method for calculating or determining such spread adjustment,
      (which may be a positive or negative value or zero) that has been selected by the Administrative Agent and the Borrower giving due consideration to (i) any selection or recommendation of a spread adjustment, or method for calculating or determining
      such spread adjustment, for the replacement of the LIBOR Rate with the applicable Unadjusted Benchmark Replacement by the Relevant Governmental Body or (ii) any evolving or then-prevailing market convention for determining a spread adjustment, or
      method for calculating or determining such spread adjustment, for the replacement of the LIBOR Rate with the applicable Unadjusted Benchmark Replacement for U.S. dollar denominated syndicated credit facilities at such time.

   

  “Benchmark Replacement
          Conforming Changes” means, with respect to any Benchmark Replacement, any technical, administrative or operational changes (including changes to the definition of “Index Rate,” the definition of “LIBOR Period,” timing and frequency of
      determining rates and making payments of interest and other administrative matters) that the Administrative Agent decides may be appropriate to reflect the adoption and implementation of such Benchmark Replacement and to permit the administration
      thereof by the Administrative Agent in a manner substantially consistent with market practice (or, if the Administrative Agent decides that adoption of any portion of such market practice is not administratively feasible or if the Administrative
      Agent determines that no market practice for the administration of the Benchmark Replacement exists, in such other manner of administration as the Administrative Agent decides is reasonably necessary in connection with the administration of this
      Agreement).

  
    4

    
      
 

  

  “Benchmark Replacement Date”
      means the earlier to occur of the following events with respect to the LIBOR Rate: (1) in the case of clause (1) or (2) of the definition of “Benchmark Transition Event,” the later of (a) the date of the public statement or publication of information
      referenced therein and (b) the date on which the administrator of the LIBOR Rate permanently or indefinitely ceases to provide the LIBOR Rate; or (2) in the case of clause (3) of the definition of “Benchmark Transition Event,” the date of the public
      statement or publication of information referenced therein.

   

  “Benchmark Transition
          Event” means the occurrence of one or more of the following events with respect to the LIBOR Rate: (1) a public statement or publication of information by or on behalf of the administrator of the LIBOR Rate announcing that such
      administrator has ceased or will cease to provide LIBOR, permanently or indefinitely, provided that, at the time of such statement or publication, there is no successor administrator that will continue to provide LIBOR; (2) a public statement or
      publication of information by the regulatory supervisor for the administrator of LIBOR, the U.S. Federal Reserve System, an insolvency official with jurisdiction over the administrator for LIBOR, a resolution authority with jurisdiction over the
      administrator for the LIBOR Rate or a court or an entity with similar insolvency or resolution authority over the administrator for the LIBOR Rate, which states that the administrator of the LIBOR Rate has ceased or will cease to provide the LIBOR
      Rate permanently or indefinitely, provided that, at the time of such statement or publication, there is no successor administrator that will continue to provide LIBOR; or (3) a public statement or publication of information by the regulatory
      supervisor for the administrator of the LIBOR Rate announcing that the LIBOR Rate is no longer representative.

   

  “Benchmark Transition Start
          Date” means (a) in the case of a Benchmark Transition Event, the earlier of (i) the applicable Benchmark Replacement Date and (ii) if such Benchmark Transition Event is a public statement or publication of information of a prospective
      event, the 90th day prior to the expected date of such event as of such public statement or publication of information (or if the expected date of such prospective event is fewer than ninety (90) days after such statement or publication, the date of
      such statement or publication) and (b) in the case of an Early Opt-in Election, the date specified by the Administrative Agent or the Required Lenders, as applicable, by notice to the Borrower, the Administrative Agent (in the case of such notice by
      the Required Lenders) and the Lenders.

   

  “Benchmark Unavailability
          Period” means, if a Benchmark Transition Event and its related Benchmark Replacement Date have occurred with respect to the LIBOR Rate and solely to the extent that the LIBOR Rate has not been replaced with a Benchmark Replacement, the
      period (x) beginning at the time that such Benchmark Replacement Date has occurred if, at such time, no Benchmark Replacement has replaced the LIBOR Rate for all purposes hereunder in accordance with Section 2.12 and (y) ending at the time
      that a Benchmark Replacement has replaced the LIBOR Rate for all purposes hereunder pursuant to Section 2.12.

   

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

   

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

   

  “Benefited Lender” shall have the meaning set forth in Section

        13.09.

   

  “Board” shall mean
      the Board of Governors of the Federal Reserve System of the United States (or any successor).

   

  “Bona Fide Lending Affiliate”
      shall mean a debt fund, investment vehicle, regulated bank entity or unregulated lending entity (in each case, other than a Person that is separately identified as an Excluded Transferee) that is (i) engaged in making, purchasing, holding or
      otherwise investing in commercial loans and similar extensions of credit in the ordinary course of business, and (ii) managed, sponsored or advised by any Person that is controlling, controlled by or under common control with such competitor or
      Affiliate thereof, as applicable, but only to the extent that no personnel involved with the investment in such competitor or Affiliate thereof, as applicable, (x) makes (or has the right to make or participate with others in making) investment
      decisions or (y) has access to any information (other than information that is publicly available) relating to the Target or any entity that forms a part of the Target’s business.

  
    5

    
      
 

  

  “Borrower” shall have the meaning set forth in the
      preamble to this Agreement.

   

  “Borrower Materials” shall have the meaning set forth in
      Section 9.01.

   

  “Borrowing” shall
      mean and include the incurrence of one Type of Term Loan on the Closing Date or the Amendment No. 2 Effective Date or resulting from conversions on a given date after the
      Closing Date or the Amendment No. 2 Effective Date (as applicable) having, in the case of LIBOR Rate Loans, the same LIBOR Period (provided that, Index Rate Loans
      incurred pursuant to Section 2.10(b) shall be considered part of any related Borrowing of LIBOR Rate Loans.).

   

  “Bridge Amortization”
      shall mean a lump-sum principal repayment of the Term Loan in an amount equal to $48,000,000 on or before February 28November 30,
      2021.

   

  “Business Day” shall
      mean (a) any day excluding Saturday, Sunday and any day that shall be in the City of New York a legal holiday or a day on which financial institutions are authorized by law or other governmental actions to close, and (b) as it relates to any LIBOR
      Rate Loans, any day that is also a day for trading by and between banks in Dollar deposits in the London interbank market.

   

  “Capital Stock”
      shall mean any and all shares, interests, participations, units or other equivalents (however designated) of capital stock of a corporation, membership interests in a limited liability company, partnership interests of a limited partnership, any and
      all equivalent ownership interests in a Person and any and all warrants, rights or options to purchase any of the foregoing.

   

  “Capitalized Lease
          Obligations” shall mean, as applied to any Person, all obligations under Capitalized Leases of such Person or any of its Subsidiaries, in each case taken at the amount thereof accounted for as liabilities on the balance sheet (excluding
      the footnotes thereto) of such Person in accordance with the Accounting Principles.

   

  “Capitalized Leases”
      shall mean, as applied to any Person, all leases of property that have been or should be, in accordance with the Accounting Principles, recorded as capitalized leases on the balance sheet of such Person or any of its Subsidiaries, on a consolidated
      basis; provided, that for all purposes hereunder the amount of obligations under any Capitalized Lease shall be the amount thereof accounted for as a liability on the balance sheet (excluding the footnotes thereto) of such Person in
      accordance with the Accounting Principles; and provided, further, that all financial statements required to be delivered hereunder shall be proposed in accordance with the Accounting Principles as in effect from time to time.

   

  “Cash Equivalents” shall mean:

   

  (a)          any direct obligation
      of (or unconditional guarantee by) the United States (or any agency or political subdivision thereof, to the extent such obligations are supported by the full faith and credit of the United States) maturing not more than one year after the date of
      acquisition thereof;

   

  (b)          commercial paper
      maturing not more than one year from the date of issue and issued by (i) a corporation (other than an Affiliate of any Credit Party) organized under the laws of any state of the United States or of the District of Columbia and, at the time of
      acquisition thereof, rated A-1 (or the then equivalent grade) or higher by S&P or P-1 (or the then equivalent grade) or higher by Moody’s, or (ii) any Lender (or its holding company);

  
    6

    
      
 

  

  (c)          any certificate of
      deposit, time deposit or bankers’ acceptance, maturing not more than one year after its date of issuance, which is issued by either: (i) a bank organized under the laws of the United States (or any state thereof) or the District of Columbia (or is
      the principal banking subsidiary of a bank holding company organized under the laws of the United States (or any state thereof) or the District of Columbia) which has, at the time of acquisition thereof, (A) a credit rating of A-2 (or the then
      equivalent grade) or higher from Moody’s or A (or the then equivalent grade) or higher from S&P and (B) a combined capital and surplus greater than $500,000,000, or (ii) a Lender;

   

  (d)          any repurchase
      agreement having a term of thirty (30) days or less entered into with any Lender or any commercial banking institution satisfying, at the time of acquisition thereof, the criteria set forth in clause (c)(i) which (i) is secured by a fully perfected
      security interest in any obligation of the type described in clause (a), and (ii) has a market value at the time such repurchase agreement is entered into of not less than 100% of the repurchase obligation of such Lender or commercial banking
      institution thereunder;

   

  (e)          investments in money market funds investing
      primarily in assets described in clauses (a) through (d) of this definition;

   

  (f)          demand deposit accounts or securities
      accounts holding cash; and

   

  (g)          other short-term investments in investments
      of a type analogous to the foregoing utilized by Foreign Subsidiaries.

   

  “Casualty Event”
      shall mean the damage, destruction or condemnation, as the case may be, of any assets or property of any Person or any of its Subsidiaries.

   

  “CFIUS” shall mean the Committee on Foreign Investment in
      the United States.

   

  “Change in Law”
      shall mean 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 or
      application thereof by any Governmental Authority or (c) the making or issuance of any request, guideline or directive (whether or not having the force of law) by any Governmental Authority. For purposes hereof, the Dodd-Frank Wall Street Reform and
      Consumer Protection Act and any and all rules, regulations, orders, requests, guidelines and directives adopted, promulgated or implemented in connection therewith or 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, are deemed to have been introduced and adopted after the date of the Closing Date.

   

  “Change of Control”
      shall mean an event or series of events by which: (a) the Sponsor shall at any time fail to have or exercise the power to, directly or indirectly, elect a majority of the board of directors or other managing body of Holdings, (b) the Sponsor shall at
      any time, directly or indirectly, fail to collectively own beneficially and of record, on a fully diluted basis, more than fifty percent (50%) of the amount of issued and outstanding voting and economic Capital Stock of Holdings, (c) Holdings shall
      at any time, directly or indirectly, own beneficially and of record, on a fully diluted basis, less than one hundred percent (100%) of the issued and outstanding voting and economic Capital Stock of the Borrower, in the case of this clause (c), free
      and clear of all Liens other than Permitted Liens, (d) Holdings shall at any time fail to control the Borrower or (e) the Sponsor shall cease to be more than fifty percent (50%) owned, beneficially and of record, directly or indirectly, by Longview
      Capital LLC, 28th Street Holdings, LLC, Tiga Investments Pte. Ltd. and other investors reasonably acceptable to Fortress.

  
    7

    
      
 

  

  “Class” when used in
      reference to any Loan or Borrowing, refers to whether such Loan, or the Loans comprising such Borrowing, are Term Loans and, when used in reference to any Commitment, refers to whether such Commitment is a Term Loan Commitment.

   

  “Closing Date” shall mean June 10, 2020.

   

  “Code” shall mean the U.S. Internal Revenue Code of 1986,
      as amended from time to time.

   

  “Collateral” shall
      mean any assets of any Credit Party or other collateral upon which Collateral Agent has been granted a Lien pursuant to the Security Documents.

   

  “Collateral Agent” shall have the meaning set forth in
      the preamble to this Agreement.

   

  “Collateral Assignment
          Agreement” shall mean that certain Collateral Assignment of Acquisition Documents, dated as of the Closing Date, by and among the Target, Group and the Collateral Agent, as amended, restated, amended and restated, supplemented or
      otherwise modified from time to time, and in form and substance satisfactory to Collateral Agent.

   

  “Collections” shall
      mean all cash, checks, credit card slips or receipts, notes, instruments, and other items of payment (including insurance proceeds, proceeds of cash sales, rental proceeds, and tax refunds) of the Credit Parties.

   

  “Commitment” shall mean, with respect to each Lender,
      such Lender’s Term Loan Commitment.

   

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

   

  “Compliance Certificate”
      shall mean a certificate duly completed and executed by an Authorized Officer of Holdings substantially in the form of Exhibit C, together with such changes to or departures from such form as the Administrative Agent, the Collateral Agent and
      Borrower may from time to time approve for the purpose of monitoring the Credit Parties’ compliance with the Financial Performance Covenant, certain other calculations or as otherwise agreed to by the Collateral Agent and the Borrower.

   

  “Computer Systems”
      means Software, computer firmware, computer hardware, computer or information technology systems, electronic data processing systems or networks, telecommunications networks, network equipment, interfaces, platforms, peripherals, and data or
      information contained therein or transmitted thereby, including any outsourced systems and processes.

   

  “Confidential Information” shall have the meaning set
      forth in Section 13.17.

   

  “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 Capital
          Expenditures” shall mean, for any specified period, the sum of, without duplication, all expenditures made, directly or indirectly, by Holdings and its Subsidiaries during such period, determined on a consolidated basis in accordance with
      the Accounting Principles, that are or should be reflected as additions to property, plant or equipment or similar items reflected in the consolidated statement of cash flows of Holdings and its Subsidiaries; provided, however, the
      purchase price of equipment that is purchased substantially contemporaneously with the trade-in or sale of similar equipment or with insurance proceeds therefrom shall be included as Consolidated Capital Expenditures only to the extent of the gross
      amount by which such purchase price exceeds the credit granted by the seller of such equipment for the equipment being traded in at such time or the proceeds of such sale or the amount of such insurance proceeds, as the case may be.

  
    8

    
      
 

  

  “Consolidated EBITDA”
      shall mean Consolidated Net Income (as defined below) (without duplication), plus (in each case, solely to the extent deducted in arriving at Consolidated Net Income):

   

  (i)         Consolidated Interest Expense for such period;

   

  (ii)        federal, state and local income tax expense (including Tax Distributions), taxes on profit or capital (including without limitation, state franchise and similar taxes), and foreign
      franchise tax, withholding tax and like income tax paid or accrued by Holdings and its Subsidiaries for such period;

   

  (iii)       depreciation and amortization expenses for such period;

   

  (iv)       fees, expenses, premiums, losses, costs and other charges, in connection with (A) the negotiation, execution and delivery of this Agreement and closing of the Transactions (including
      payment of purchase price adjustments, indemnification payments and the Deferred Purchase Price obligations) to the extent incurred on or prior to the date that is twelve (12) months after the Closing Date, (B) amendments or modifications of the Term
      Loan Facility and (C) amendments, modifications, refinancings and the issuance of equity or debt or recapitalizations after the Closing Date, including those undertaken but not completed; provided that the amounts set forth in clauses
      (iv)(B) and (iv)(C) hereof shall not exceed $1,000,000 in the aggregate for the applicable Test Period;

   

  (v)        fees, expenses, costs and other charges related to Permitted Acquisitions, Investments or Dispositions to the extent permitted under the Credit Documents (including those undertaken
      but not completed), provided that the amounts set forth in this clause (v) shall not exceed $500,000 in the aggregate for the applicable Test Period;

   

  (vi)       any losses, charges or expenses that are extraordinary, unusual or non-recurring (including (A) losses on sale of assets or businesses outside the ordinary course of business and
      relating to or arising in connection with claims or litigation (including legal fees, settlements, judgments and awards), (B) restructuring charges or expenses, integration expenses, accruals, reserves and business optimization expenses, (C)
      consolidation or closing of facilities or exiting lines of business and (D) personnel relocation, restructuring, redundancy, severance, termination, settlement or judgment and one-time compensation charges), provided that such amounts, taken
      together with all other add-backs that are subject to the Aggregate Cap, do not exceed the Aggregate Cap (calculated before giving effect to such addbacks);

   

  (vii)      any non-cash expenses, losses, charges or impairments, amortization charges or asset write offs and write downs (but excluding any write offs or write downs of inventory), including
      any non-cash compensation charges and expenses or relating to the incurrence of obligations in respect of an “earn-out” or similar contingent obligations (but only for so long as such expense, loss or charge remains a non-cash contingent obligation);
      provided that if any such non-cash expenses, losses, charges or impairments represent an accrual or reserve for potential cash items in any future period, the cash payment in respect thereof in such future period shall be subtracted from
      Consolidated EBITDA to such extent, and excluding amortization of a prepaid cash item that was paid in a prior period;

  
    9

    
      
 

  

  (viii)     [reserved];

   

  (ix)        net unrealized losses on Hedging Agreements;

   

  (x)         the amount of “run-rate” cost savings (the “Cost Savings”) projected by the Borrower in good faith to result from actions implemented after the Closing Date taken prior to the last day of
      such period with respect to integrating, consolidating or discontinuing operations, headcount reductions, or closure of facilities (including related to a Permitted Acquisition), which Cost Savings shall be calculated on a pro forma basis as though
      such Cost Savings had been realized on the first day of such period, net of the amount of actual benefits realized from such actions; provided that such amounts, taken together with all other add-backs that are subject to the Aggregate Cap, do not
      exceed the Aggregate Cap (calculated before giving effect to such add-backs); provided that an Authorized Officer of the Borrower shall have provided a reasonably detailed statement or schedule of such Cost Savings and shall have certified to
      the Administrative Agent that (x) such Cost Savings are reasonably identifiable and factually supportable, reasonably attributable to the actions specified and anticipated to result from such actions and (y) such actions have been taken and are
      ongoing, and the benefits resulting therefrom are anticipated by Borrower to be realized within twelve (12) months of the end of such period;

   

      

  (xi)        management
fees

      incurred under the Service Agreement accrued for or paid in cash during such period, to the extent permitted to be paid pursuant to this Agreement;

   

  (xii)      fees, costs and expenses to the extent covered by indemnification provisions in any agreement or otherwise reimbursable by a third party and actually reimbursed;

   

  (xiii)      any non-recurring, unusual or extraordinary non-cash charges for such period except to the extent representing a cash item expected to be paid in a future period; minus;

   

  (xiv)      unusual, extraordinary or non-recurring gains;

   

  (xv)       all non-cash items increasing Consolidated Net Income in such period other than (A) any such items in respect of which cash was received in a prior period and was not included in
      Consolidated EBITDA in such prior period or (B) gains or benefits related to Accounts Receivable, the recognition of deferred revenue, or any items which represent the reversal of any accrual of, or cash reserve for, anticipated cash charges that
      reduced Consolidated EBITDA in any prior period; and

   

  (xvi)      net unrealized gains on Hedging Agreements.

   

  “Consolidated Excess Cash Flow” shall mean, for a
      specified period, the excess (if any), of:

   

  (a)          Consolidated EBITDA for
      such period (but without giving effect to any Pro Forma Basis adjustments or the adjustments pursuant to clause (x) and clause (xiii) of the definition thereof); less,

  
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  (b)          without duplication,
      the sum for such period (without duplication and to the extent that the following amounts (x) have not already been deducted in determining Consolidated EBITDA and (y) are not financed with the proceeds of any long-term Indebtedness (other than
      revolving credit loans) or equity issuances) of:

   

  (i)         Consolidated Interest Expense paid in
      cash,

   

  (ii)        (A) scheduled and,
      to the extent the proceeds of any event giving rise to a mandatory prepayment are included (and not deducted) in the calculation of Consolidated EBITDA, mandatory principal payments of Indebtedness (whether at maturity, a scheduled amortization
      payment, as a result of mandatory sinking fund redemption, mandatory prepayment, acceleration or otherwise) permitted by Section 10.01 (including the Term Loans) and (B) any voluntary permanent repayments of Indebtedness other than the Loans,
      but only to the extent such Indebtedness so prepaid (1) was permitted to be prepaid under the terms of this Agreement and (2) cannot be re-borrowed or redrawn and such prepayment does not occur in connection with a refinancing of all or a portion of
      such Indebtedness made in the applicable fiscal year,

   

  (iii)       the sum of (A)
      federal, state and local income tax expense, taxes on profit or capital, and foreign franchise tax, withholding tax and like income tax permitted hereunder, in each case, paid in cash by the Borrower and its Subsidiaries for such period and (B)
      without duplication of any amounts deducted in clause (A) above, any Tax Distributions paid in cash by the Borrower and its Subsidiaries for such period,

   

  (iv)       Consolidated Capital
      Expenditures and expenditures that would be required to be capitalized in accordance with the Accounting Principles that do not constitute Consolidated Capital Expenditures, in each case, made in cash during such period or, at the option of the
      Borrower, prior to the ECF Payment Date with respect thereto or committed to be made pursuant to binding contracts entered into prior to the end of such period or prior to the ECF Payment Date with respect thereto within six (6) months after the end
      of such period (excluding any portion thereof funded with proceeds of Indebtedness (other than revolving credit loans) or equity issuances); provided that any such committed Consolidated Capital Expenditures and other expenditures that are
      actually made after the end of such period and are deducted from Consolidated Excess Cash Flow in such period shall not also reduce Consolidated Excess Cash Flow for the period in which such expenditures are made; provided, further,
      that to the extent such committed Consolidated Capital Expenditures and other expenditures are not actually made within the following four (4) consecutive fiscal quarters of Holdings immediately after the end of such period, they shall be added to
      the calculation of Consolidated Excess Cash Flow for the following period in which Consolidated Excess Cash Flow is calculated,

   

  (v)        amounts paid in cash
      as consideration to a seller and other amounts paid in cash in connection with a Permitted Acquisition or any other Investment permitted hereunder, including any deferred purchase price adjustment in each case made during such period or, at the
      option of the Borrower, prior to the ECF Payment Date with respect thereto or committed to be made pursuant to binding contracts entered into during such period or prior to the ECF Payment Date with respect thereto within six (6) months of the end of
      such period; provided, that to the extent such amounts are not actually made within the following four (4) consecutive fiscal quarters of Holdings immediately after the end of such period, they shall be added to the calculation of
      Consolidated Excess Cash Flow for the following period in which Consolidated Excess Cash Flow is calculated,

   

  (vi)       increases (or minus decreases) in
      Consolidated Working Capital for such period,

   

  (vii)      the amount paid in
      cash during such period for all non-cash losses, expenses, accruals and charges which have been included in determining Consolidated EBITDA in a prior period,

  
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  (viii)     management fees
      incurred under the Service Agreement accrued for or paid in cash during such period, to the extent permitted to be paid pursuant to this Agreement,

   

  (ix)       Restricted Payments
      paid in cash to Holdings to pay (or to make Restricted Payments to any direct or indirect parent of Holdings to pay) administrative, regulatory, accounting, auditing, directors, insurance and other ordinary course of business fees and expenses of
      Holdings or any direct or indirect parent of Holdings (to the extent solely attributable to ownership of Holdings), to the extent permitted to be paid pursuant to this Agreement,

   

  (x)         [reserved],

   

  (xi)        [reserved],

   

  (xii)       [reserved],

   

  (xiii)     payments made in connection with Hedging
      Agreements, and

   

  (xiv)     cash fees, costs and
      expenses relating to the Loans and the Transactions (including expenses related to the change of control of the Credit Parties pursuant to the Acquisition Agreement) (other than the Deferred Purchase Price or any

      fees and expenses funded with the proceeds of the Loans or other long-term Indebtedness (other than revolving credit loans) or equity issuances).), and

   

  (xv)      Restricted
        Payments permitted by Section 10.6(e) paid in cash (other than to the extent funded with the proceeds of the Loans or other long-term Indebtedness (other than revolving credit loans) or equity issuances).

   

  For purposes of calculating reductions or increases to
      Consolidated Working Capital as provided above in any relevant period during which a Permitted Acquisition or other Investment pursuant to Section 10.05(u) that constitutes an acquisition occurs, the Consolidated Working Capital of the
      applicable Acquired Entity shall be included in such calculation only from and after the date of the consummation of such Permitted Acquisition or other Investment pursuant to Section 10.05(u) that constitutes an acquisition, as applicable.
      For the avoidance of doubt, Consolidated Excess Cash Flow shall exclude the portion of Consolidated Excess Cash Flow that is attributable to any company or line of business acquired pursuant to a Permitted Acquisition or other Investment pursuant to
      Section 10.05(u) that constitutes an acquisition permitted hereunder and that accrues prior to the closing date of the applicable Permitted Acquisition or other Investment pursuant to Section 10.05(u) that constitutes an acquisition
      permitted hereunder.

   

  “Consolidated Interest
          Expense” shall mean, for any specified period, for Holdings and its Subsidiaries, determined on a consolidated basis in accordance with the Accounting Principles, the sum of: (a) all interest, premium payments, debt discount, fees,
      charges and related expenses in respect of Indebtedness for borrowed money (including, without limitation, the interest component of any payments in respect of Capitalized Lease Obligations) accrued or capitalized during such period (whether or not
      actually paid during such period), in each case, to the extent treated as interest in accordance with the Accounting Principles, plus (b) commissions, discounts and other fees and charges owed by Holdings or any of its Subsidiaries in
      respect of letters of credit securing financial obligations and bankers’ acceptance financings, plus (c) the net amount payable (or minus the net amount receivable) in respect of Hedging Obligations relating to interest during such
      period but excluding unrealized gains and losses with respect to any such Hedging Obligations.

  
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  “Consolidated Liquidity”
      means, at any time of determination, an amount determined for Holdings and its Subsidiaries on a consolidated basis equal to the amount of Qualified Cash of Holdings and its Subsidiaries.

   

  “Consolidated Net Income”
      shall mean, for any period, the net income (or loss) of Holdings and its Subsidiaries determined on a consolidated basis for such period; provided that, without duplication:

   

  (i)         the cumulative effect of a change in accounting principles shall be excluded;

   

  (ii)        the net after-tax effect of gains, losses, charges and expenses attributable to disposed, discontinued, closed or abandoned operations shall be excluded;

   

  (iii)       the net income or loss attributable to the early extinguishment or conversion of Indebtedness and the termination of associated Hedging Agreements or other derivative instruments
      (including deferred financing expenses written off and premiums paid) shall be excluded;

   

  (iv)       the effects of adjustments (including the effects of such adjustments pushed down to the Borrower and its Subsidiaries) in any line item in such person’s consolidated financial
      statements pursuant to the Accounting Principles resulting from the application of purchase accounting, as the case may be, in connection with any acquisition or any joint venture investments or the amortization or write off of any amounts thereof,
      net of taxes, shall be excluded;

   

  (v)        non-cash compensation charges and expenses, including any such charges and expenses arising from grants of stock appreciation or similar rights, phantom equity, stock options,
      restricted stock, deferred stock or other rights or equity incentive programs, awards under a deferred compensation plan, long-term incentive plan or any other management or employee benefit plan or agreement, and non-cash deemed finance charges in
      respect of any pension liabilities or other provisions shall be excluded; provided that the amounts set forth in this clause (v) (together with the amounts set forth in clause (xi) below) shall not be excluded to the extent such amounts
      exceed $5,000,000 in the aggregate for the applicable Test Period;

   

  (vi)       (x) charges and expenses pursuant to any management equity plan, deferred compensation plan, long-term incentive plan or stock option plan or any other management or employee benefit
      plan or agreement, any stock subscription or shareholder agreement and (y) charges, expenses, accruals and reserves in connection with the rollover, acceleration or payout of equity interests held by management of the Borrower or any of its
      Subsidiaries, in the case of each of (x) and (y) above, to the extent that (in the case of any cash charges and expenses) such charges, expenses, accruals and reserves are funded with cash proceeds contributed to the capital of the Borrower or net
      cash proceeds of an issuance of equity interests (other than mutually agreed upon disqualified stock) of the Borrower or any direct or indirect parent of the Borrower shall be excluded;

   

  (vii)      to the extent covered by insurance (including business interruption insurance) and actually reimbursed, or, so long as the Borrower has made a determination that there exists
      reasonable evidence that such amount will in fact be reimbursed by the insurer and only to the extent that (i) such coverage is not denied by the applicable carrier or indemnifying party in writing within 365 days and (ii) such amount is in fact
      reimbursed within 365 days of the date of such determination (with a deduction in the applicable future period for any amount so added back to the extent not so reimbursed within 365 days), losses, charges, expenses, accruals and reserves with
      respect to liability or casualty events or business interruption shall be excluded;

  
    13

    
      
 

  

  (viii)     (x) non-cash or unrealized gains or losses in respect of obligations under Hedging Agreements or any ineffectiveness recognized in earnings related to qualifying hedge transactions
      or the fair value of changes therein recognized in earnings for derivatives that do not qualify as hedge transactions, in each case, in respect of obligations under hedge agreements, and (y) gains or losses resulting from unrealized currency
      translation gains or losses related to currency re-measurements of indebtedness (including gains or losses resulting from (A) Hedging Agreements for currency exchange risk and (B) intercompany indebtedness) shall be excluded;

   

  (ix)       any expenses or charges to the extent paid by a third party that is not a Subsidiary on behalf of the Borrower or a Subsidiary (and not required to be reimbursed), and any gain
      resulting from such payment, shall be excluded;

   

  (x)        any expenses, charges or losses that are covered by indemnification or other reimbursement provisions in connection with any investment, Permitted Acquisition or any sale,
      conveyance, transfer or other disposition of assets permitted under the Credit Facility, to the extent actually reimbursed, or, so long as the Borrower has made a determination that a reasonable basis exists for indemnification or reimbursement and
      only to the extent that such amount is in fact indemnified or reimbursed within 365 days of such determination (with a deduction in the applicable future period for any amount so added back to the extent not so indemnified or reimbursed within such
      365 day period), shall be excluded; and

   

  (xi)       charges, expenses accruals and reserves pursuant to or in connection with any management or employee benefit plan or agreement in which the awards thereunder are based or derived
      from the value of the equity or business of the Borrower (including the rollover, acceleration, settlement or payout of such awards) held by management of the Borrower or any of its Subsidiaries shall be excluded provided that the amounts
      set forth in this clause (xi) (together with the amounts set forth in clause (v) above) shall not be excluded to the extent such amounts exceed $5,000,000 in the aggregate for the applicable Test Period.

   

  “Consolidated Total Debt”
      shall mean, as of any date of determination, for any Person, the outstanding principal amount of all Funded Debt as of such date.

   

  “Consolidated Working
          Capital” shall mean, as of any date of determination, the difference of (a) Current Assets less (b) Current Liabilities.

   

  “Contingent Liability”
      shall mean, for any Person, any agreement, undertaking or arrangement by which such Person guarantees, endorses or otherwise becomes or is contingently liable upon (by direct or indirect agreement, contingent or otherwise, to provide funds for
      payment, to supply funds to, or otherwise to invest in, a debtor, or otherwise to assure a creditor against loss) the Indebtedness of any other Person (other than by endorsements of instruments in the course of collection), or guarantees the payment
      of dividends or other distributions upon the Capital Stock of any other Person. The amount of any Person’s obligation under any Contingent Liability shall (subject to any limitation set forth therein) be deemed to be (x) the outstanding principal
      amount of the debt, obligation or other liability guaranteed thereby or (y) if such Contingent Liability is secured by a Lien on any assets of such Person, the lesser of (A) the amount of the Indebtedness secured by such Lien and (B) the value of the
      assets subject to such Lien.

   

  “Contractual Obligation”
      shall mean, as to any Person, any obligation of such Person under 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 other than the
      Obligations.

  
    14

    
      
 

  

  “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. The terms “Controlling” and “Controlled”
      have meanings correlative thereto.

   

  “Control Agreement”
      shall mean a “springing” control agreement, in form and substance reasonably satisfactory to Collateral Agent, executed and delivered by the applicable Credit Party, Collateral Agent, and the applicable securities intermediary or bank, which
      agreement is sufficient to give Collateral Agent “control” over each of such Credit Party’s securities accounts, deposit accounts or investment property, as the case may be, maintained by a branch office or bank located within the U.S.

   

  “Controlled Affiliates”
      shall mean, with respect to any Person, Affiliates of such Person who are directly or indirectly, under the Control of, or controlling, such Person. Notwithstanding anything herein to the contrary, none of SoftBank Group Corp. or its Affiliates that
      are not controlled, directly or indirectly, by Fortress Investment Group LLC, shall be deemed to be Affiliates of the Collateral Agent or of Fortress Credit Corp.

   

  “Cost Savings” shall
      have the meaning set forth in the definition of the term “Consolidated EBITDA”.

   

  “COVID-19 Proceeds”
      shall mean, with respect to any compensation arrangement or scheme initiated in connection with COVID-19 by any Governmental Authority, the amount of any proceeds received or to which there is a right to receive, by any Credit Party or any of their
      respective Subsidiaries in cash in connection with such compensation scheme.

   

  “Credit Documents”
      shall mean this Agreement, Amendment No. 2, the Guarantee Agreement, the Intercompany Subordination Agreement, the Security Documents, any Notes issued by the Borrower
      hereunder, and any other agreement entered into now, or in the future, by any Credit Party, on the one hand, and any Agent or Lender, on the other hand, in connection with and related to the financing transactions contemplated by this Agreement or
      which states that it is a “Credit Document”.

   

  “Credit Extension” shall mean and include the making (but
      not the conversion or continuation) of a Loan.

   

  “Credit Facility” shall mean the Term Loan Facility.

   

  “Credit Party” shall
      mean Holdings, the Borrower, each of the Guarantors and each other Person that becomes a Credit Party hereafter pursuant to the execution of joinder documents.

   

  “Current Assets”
      shall mean amounts (other than, to the extent otherwise included in Current Assets (i) cash, (ii) Cash Equivalents, (iii) deferred tax assets, (iv) deferred commissions, (v) deferred signing credits, and (vi) effects of purchase accounting
      adjustments) that would, in conformity with Accounting Principles, be set forth opposite the caption “total current assets” (or any like caption) on a consolidated balance sheet of Holdings and its Subsidiaries at such date.

   

  “Current Liabilities”
      shall mean the sum of all amounts that would, in conformity with Accounting Principles, be set forth opposite the caption “total current liabilities” (or any like caption) on a consolidated balance sheet of Holdings and its Subsidiaries on such date,
      excluding, without duplication, to the extent otherwise included in Current Liabilities, (a) the current portion of Indebtedness, (b) the current portion of interest (including accrued interest expense and interest expenses payable), (c) deferred tax
      liabilities, (d) accruals for Capitalized Leases, (e) the effects of any purchase accounting adjustments and (f) accruals for Earn-Outs.

  
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  “Default” shall mean
      any event, act or condition that with notice or lapse of time, or both, would constitute an Event of Default.

   

  “Defaulting Lender”
      shall mean, subject to any Lender that, as determined by the Required Lenders, (a) has failed to (i) fund any portion of the Term Loans when required to be funded by it hereunder unless such Lender notifies the Administrative Agent and the Borrower
      in writing that such failure is the result of such Lender’s determination that one or more conditions precedent to funding (each of which conditions precedent, together with any applicable default, shall be specifically identified in such writing)
      has not been satisfied, or (ii) pay to the Administrative Agent or any other Lender any other amount required to be paid by it hereunder within two (2) Business Days of the date when due, (b) has notified the Borrower or the Administrative Agent in
      writing 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 (unless such writing
      or public statement relates to such Lender’s obligation to fund a Loan hereunder and states that such position is based on such Lender’s determination that a condition precedent to funding (which condition precedent, together with any applicable
      default, shall be specifically identified in such writing or public statement) has not been satisfied), (c) has failed, within two (2) Business Days after written request by the Administrative Agent or the Borrower, to confirm in writing in a manner
      satisfactory to the Administrative Agent that it will comply with its prospective funding obligations hereunder (provided that such Lender shall cease to be a Defaulting Lender pursuant to this clause (c) upon receipt of such written
      confirmation by the Administrative Agent), or (d) has, or has a direct or indirect parent company that has, (i) become the subject of a bankruptcy or insolvency proceeding, (ii) had a receiver, custodian, conservator, trustee, administrator, assignee
      for the benefit of creditors or similar Person charged with reorganization or liquidation of its business or assets, including the Federal Deposit Insurance Corporation or any other state or federal regulatory authority acting in such capacity, or
      (iii) taken any action in furtherance of, or indicated its consent to, approval of or acquiescence in any such proceeding or appointment; provided that a Lender shall not be a Defaulting Lender solely by virtue of the ownership or acquisition
      of any equity interest in that Lender or any direct or indirect parent company thereof by a Governmental Authority so long as such ownership interest does not result in or provide such Lender with immunity from the jurisdiction of courts within the
      United States or from the enforcement of judgments or writs of attachment on its assets or permit such Lender (or such Governmental Authority) to reject, repudiate, disavow or disaffirm any contracts or agreements made with such Lender. Any
      determination by the Administrative Agent that a Lender is a Defaulting Lender under clauses (a) through (d) above shall be conclusive and binding absent manifest error.

   

  “Deferred Purchase Price”
      means the Purchaser’s obligation to pay the Deferred Amount (as defined in the Acquisition Agreement) pursuant to the terms and conditions of the Acquisition Agreement.

   

  “Disposition” shall
      mean, with respect to any Person, any sale, exclusive license, abandonment, transfer, lease (as lessor), contribution or other conveyance (including by way of merger, consolidation, division, liquidation, or distribution) of, or the granting of
      options, warrants or other rights to, any of such Person’s or their respective Subsidiaries’ assets (including Accounts Receivable and Capital Stock of Subsidiaries) to any other Person in a single transaction or series of transactions.

   

  “Disqualified Capital Stock”
      shall mean any Capital Stock that, by its terms (or by the terms of any security or other Capital Stock into which it is convertible or for which it is exchangeable) or upon the happening of any event or condition, (a) matures or is mandatorily
      redeemable (other than solely for Qualified Capital Stock), pursuant to a sinking fund obligation or otherwise (except as a result of a Change of Control or asset sale or casualty event so long as any rights of the holders thereof upon the occurrence
      of a Change of Control or asset sale or casualty event shall be subject to the prior repayment in full of the Loans and all other Obligations that are accrued and payable (other than contingent indemnification obligations for which demand has not
      been made) and the termination of the Total Commitments, or the refinancing thereof), (b) is redeemable at the option of the holder thereof (other than solely for Qualified Capital Stock) (except as a result of a Change of Control or asset sale so
      long as any rights of the holders thereof upon the occurrence of a Change of Control or asset sale event shall be subject to the prior repayment in full of the Loans and all other Obligations that are accrued and payable (other than contingent
      indemnification obligations for which demand has not been made) and the termination of the Total Commitments or the refinancing thereof), in whole or in part, (c) provides for the scheduled payment of dividends in cash or (d) is or becomes
      convertible into or exchangeable for Indebtedness or any other Capital Stock that would constitute Disqualified Capital Stock, in each case, prior to the date that is ninety-one (91) days after the Term Loan Commitment Expiration Date; provided,
      that if such Capital Stock is issued pursuant to a plan for the benefit of employees of Holdings or its Subsidiaries or by any such plan to such employees, such Capital Stock shall not constitute Disqualified Capital Stock solely because it may be
      required to be repurchased by Holdings or its Subsidiaries in order to satisfy applicable statutory or regulatory obligations.

  
    16

    
      
 

  

  “Dollars” and “$” shall mean dollars in
      lawful currency of the United States of America.

   

  “Domestic Credit Party”
      means a Credit Party that is neither a Foreign Subsidiary nor an Excluded Subsidiary.

   

  “Domestic Subsidiary”
      means any Subsidiary that is incorporated or organized under the laws of a State within the U.S. or the District of Columbia.

   

  “Early Opt-in Election”
      means the occurrence of: (1) (i) a determination by the Administrative Agent or (ii) a notification by the Required Lenders to the Administrative Agent (with a copy to the Borrower) that the Required Lenders have determined that U.S.
      dollar-denominated syndicated credit facilities being executed at such time, or that include language similar to that contained in Section 2.12, are being executed or amended, as applicable, to incorporate or adopt a new benchmark interest
      rate to replace the LIBOR Rate, and (2) (i) the election by the Administrative Agent or (ii) the election by the Required Lenders to declare that an Early Opt-in Election has occurred and the provision, as applicable, by the Administrative Agent of
      written notice of such election to the Borrower and the Lenders or by the Required Lenders of written notice of such election to the Administrative Agent.

   

  “Earn-Outs” shall
      mean any obligations of any Credit Party to pay any earn-out or other contingent payment amounts constituting the payment of deferred purchase price with respect to any acquisition of a business (whether through the purchase of assets or Capital
      Stock or whether by merger. consolidation or amalgamation) and any other similar arrangements.

   

  “ECF Payment Date” shall have the meaning set forth in Section

        5.02(a).

   

  “EEA Financial Institution”
      shall mean (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”
      shall mean any of the member states of the European Union, Iceland, Liechtenstein, and Norway.

  
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  “EEA Resolution Authority”
      shall mean 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.

   

  “Environmental Claims”
      shall mean any and all administrative, regulatory or judicial actions, suits, demands, demand letters, claims, liens, notices of noncompliance or violation, investigations (other than internal reports prepared by the Credit Parties (a) in the
      ordinary course of such Person’s business or (b) as required in connection with a financing transaction or an acquisition or disposition of real estate) or proceedings resulting from, arising under or relating in any way to any Environmental Law (“Claims”),

      including, but not limited to, (i) any Claims by governmental or regulatory authorities for enforcement, cleanup, removal, response, remedial, investigatory, monitoring or other actions or damages pursuant to any applicable Environmental Law, (ii)
      any Claims by any third party seeking damages, contribution, indemnification, cost recovery, compensation or injunctive relief resulting from the release or threatened release of Hazardous Materials or arising from alleged injury or threat of injury
      from the release or threatened release of Hazardous Materials, and (iii) any Claims relating to any violation of, or liability under, any Environmental Law.

   

  “Environmental Law”
      shall mean any applicable federal, state, foreign or local Applicable Law, statute, law, rule, regulation, ordinance, code, permit and rule of common law whenever in effect and in each case as amended, and any binding judicial or administrative
      interpretation thereof, including any binding judicial or administrative order, consent decree or judgment, in each case relating to pollution, human, worker or ecological health or safety (including with respect to exposure to Hazardous Materials),
      or the protection of the environment.

   

  “ERISA” shall mean
      the Employee Retirement Income Security Act of 1974, as amended from time to time, and the regulations promulgated thereunder. Section references to ERISA are to ERISA as in effect at the date of this Agreement and any subsequent provisions of ERISA
      amendatory thereof, supplemental thereto or substituted therefor.

   

  “ERISA Affiliate”
      shall mean each person (as defined in Section 3(9) of ERISA) that, together with any Credit Party or a Subsidiary thereof is treated as a “single employer” within the meaning of Section 414(b) or (c) of the Code or, solely for purposes of Sections
      302 and 303 of ERISA and Sections 412 and 430 of the Code, within the meaning of Sections 414(b), (c), (m) or (o) of the Code.

   

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

   

  “Event of Default” shall have the meaning set forth in Section

        11.01.

   

  “Excluded Account” shall have the meaning set forth in Section

        9.13(a).

   

  “Excluded Subsidiary”
      shall mean any Subsidiary that is (a) prohibited by Applicable Law, rule or regulation from guaranteeing the Obligations or would require governmental (including regulatory) consent, approval, license or authorization to provide a guarantee unless
      such consent, approval or licensor authorization has been received, (b) a joint venture, to the extent a guaranty is prohibited by such joint venture’s organizational documents, (c) prohibited by contractual obligation and listed on Schedule 8.13
      hereto, or (d) excluded to the extent the Agents and Borrower mutually determine the cost, burden, difficulty and/or consequence of obtaining a guaranty or security interest with respect thereto outweigh the benefit to the Lenders.

  
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  “Excluded Swap Obligation”
      shall mean, with respect to any Guarantor, any Swap Obligation if, and to the extent that, all or a portion of the guarantee of such Guarantor of, or the grant by such Guarantor of a security interest to secure, such Swap Obligation (or any guarantee
      thereof) is or otherwise becomes illegal or unlawful under the Commodity Exchange Act or any rule, regulation or order of the Commodity Futures Trading Commission (or the application or official interpretation of any thereof) by virtue of such
      Guarantor’s failure for any reason to constitute an “eligible contract participant” as defined in the Commodity Exchange Act and the regulations thereunder (a) at the time any transaction is entered into under a Hedging Agreement or (b) with respect
      to any transactions outstanding under any Hedging Agreements at the time such Guarantor becomes a Guarantor under the Credit Documents, at such time. Notwithstanding the foregoing, at the time any Guarantor becomes an “eligible contract participant”
      as such term is defined in the Commodity Exchange Act, the Obligations of such Guarantor shall include, without limitation, any transaction entered into under any Swap Obligation and any transactions outstanding under any Swap Obligations, so long as
      the guarantee of such Guarantor of, or the grant by such Guarantor of a security interest to secure, such Swap Obligation (or any guarantee thereof) is not or does not become illegal or unlawful under the Commodity Exchange Act or any rule,
      regulation or order of the Commodity Futures Trading Commission (or the application or official interpretation of any thereof).

   

  “Excluded Taxes”
      shall mean 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) net income, franchise or branch profits Taxes, in each case (i) imposed by the jurisdiction
      under the laws of which such Recipient is organized or in which its principal office is located or, in the case of any Lender, in which its applicable lending office is located, or (ii) that are Other Connection Taxes, (b) in the case of a Lender,
      any U.S. federal withholding tax that is imposed on amounts payable to, or for the account of, such Lender pursuant to a law in effect at the time such Lender becomes a party to this Agreement or designates a new lending office, other than pursuant
      to an assignment request by the Borrower or if such designation was at the request of the Borrower, and other than to the extent that such Lender (or its assignor, if any) was entitled, at the time of designation of a new lending office (or
      assignment), to receive additional amounts from the Borrower with respect to such Taxes pursuant to Section 5.04, (c) Taxes imposed by reason of the failure of such Recipient to comply with its obligations under Section 5.04(b), and
      (d) any U.S. withholding taxes imposed under FATCA.

   

  “Excluded Transferee”
      shall mean (i) any Persons that are specifically identified in writing by the Borrower to the Administrative Agent, on or prior to the Closing Date that are competitors of Target or its Subsidiaries or otherwise reasonably acceptable to Fortress and
      (ii) any Subsidiary or Affiliates of such Persons referenced in clause (i) hereof (other than their financial investors that are not operating companies and other than any Affiliate that is a Bona Fide Lending Affiliate) that are reasonably
      identifiable on the basis of such Subsidiary’s or Affiliate’s name; provided, that, such designations in clause (ii) hereof shall not apply retroactively to disqualify any Persons that have previously acquired an assignment or participation interest
      in the Loans but upon the effectiveness of any such designation, any such party may not acquire any additional Commitments, Loans or participations.

   

  “Extraordinary Receipts”
      means any cash received by or paid for the account of Holdings or any of its Subsidiaries outside of the ordinary course of such Person’s business consisting of the following (in each case, net of customary collection expenses thereof not payable to
      a Credit Party or Subsidiary thereof and reasonable out-of-pocket expenses of such Subsidiary relating to the receipt of such proceeds (including, without limitation, any legal or other professional fees)): (a) foreign, United States, state or local
      tax refunds (other than (i) tax refunds automatically applied by the applicable Governmental Authority to future tax payments, (ii) tax refunds received in the ordinary course of business in respect of overpayments of estimated taxes for the tax year
      in which such refunds are received or the immediately preceding tax year and (iii) tax refunds required to be paid to the Seller pursuant to section 8.07 of the Acquisition Agreement), (b) pension plan reversions, (c) proceeds of insurance but
      excluding (i) any insurance proceeds arising from a Casualty Event and (ii) any business interruption insurance proceeds, (d) judgments, proceeds of settlements or other consideration of any kind in connection with any cause of action (other than to
      the extent such proceeds are (i) payable to a Person that is not an Affiliate of Holdings or any of its Subsidiaries, (ii) received by any Credit Party as reimbursement for any costs previously incurred or any payment previously made by such Person
      to a Person that is not an Affiliate of Holdings or any of its Subsidiaries or (iii) used by any Credit Party to remedy the actual loss or damages (if any) giving rise to such proceeds), (e) indemnity payments (other than to the extent such indemnity
      payments are (i) payable to a Person that is not an Affiliate of Holdings or any of its Subsidiaries, (ii) received by any Credit Party as reimbursement for any costs previously incurred or any payment previously made by such Person to a Person that
      is not an Affiliate of Holdings or any of its Subsidiaries or (iii) used by any Credit Party to remedy the actual loss or damages (if any) giving rise to such proceeds), (f) any purchase price adjustment (other than working capital adjustments)
      received in connection with any purchase agreement, and (g) any similar claims as the foregoing; provided, however, that “Extraordinary Receipts” shall not include proceeds subject to repayment under Sections 5.02(a)(i), 5.02(a)(ii),
      5.02(a)(iii), 5.02(a)(v), 5.02(a)(vi) and 5.02(a)(vii) and shall not include any COVID-19 Proceeds.

  
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  “FATCA” shall
      mean Code Sections 1471 through 1474 (as of the date of this Agreement, or any amended or successor version that is substantively comparable and not materially more onerous to comply with), any current or future regulations or official
      interpretations or guidance thereof, any applicable agreements entered into pursuant to Code Section 1471(b)(1), any applicable intergovernmental agreement with respect to the implementation of the foregoing, and any fiscal or regulatory legislation,
      rules or official administrative practices to the extent adopted pursuant to any intergovernmental agreement or treaties and entered into in connection with the implementation of such Code Sections.

   

  “Federal Funds Rate”
      shall mean, for any day, a fluctuating interest rate per annum equal to: (a) the highest rate on overnight federal funds transactions with members of the Federal Reserve System arranged by federal funds brokers, as published for such day (or, if such
      day is not a Business Day, for the next succeeding Business Day) by the Federal Reserve Bank of New York online at https://www.federalreserve.gov/monetarypolicy/openmarket.htm; or (b) if such rate is not so published for any day which is a Business
      Day, the highest of the quotations for such day on such transactions received by the Administrative Agent out of three (3) federal funds brokers of recognized standing reasonably selected by it.

   

  “Federal Reserve Bank
          of New York’s Website” means the website of the Federal Reserve Bank of New York at http://www.newyorkfed.org, or any successor source.

   

  “Fee Letter”
      means that certain Fee Letter, dated as of March 6, 2020 (as amended, restated, supplemented or otherwise modified from time to time), between Fortress Credit Corp., for itself and/or as agent on behalf of one or more funds or accounts managed by
      affiliates of Fortress Credit Corp., and the Borrower.

   

  “Fees” shall mean all amounts payable pursuant to, or
      referred to in, Section 4.01.

   

  “Financial Covenant or
          Financial Reporting Event of Default” shall mean any Event of Default arising under Section 11.01(c) (solely with respect to a breach under Section 10.12) or Section 11.01(d) (solely with respect to a failure to
      comply with Section 9.01(a), 9.01(b), 9.01(c), 9.01(d), 9.01(e)(i) or 9.01(e)(iii) (after giving effect to any grace periods provided for in Section 11.01(d)).

   

  “Financial Performance Covenant” shall mean the
      covenant set forth in Section 10.12.

   

  “FINRA” shall mean the Financial Industry Regulatory
      Authority Inc. and any successor thereto.

  
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  “Foreign Credit Party”
      means a Credit Party that is neither a Domestic Subsidiary nor an Excluded Subsidiary.

   

  “Foreign Subsidiary”
      shall mean any direct or indirect Subsidiary of the Borrower that is organized under the Applicable Laws of any jurisdiction other than the United States, any state thereof, or the District of Columbia.

   

  “Fortress” shall
      mean Fortress Credit Corp., on behalf of itself and/or as agent on behalf of one or more controlled investment affiliates or assignees

   

  “Funded Debt” shall
      mean, as of any date of determination, all then outstanding Indebtedness of Holdings, the Borrower and its Subsidiaries, on a consolidated basis (without duplication), of the type described in clauses (a), (b) (with respect to letters of credit, all
      drawn amounts thereunder constituting outstanding obligations with respect thereto), (c) (solely with respect to Indebtedness secured by the assets of Holdings, Borrower and its Subsidiaries), (d) (solely with respect to Indebtedness evidencing the
      purchase price of newly acquired property or incurred to finance the acquisition of equipment of such Credit Party and its Subsidiaries (pursuant to purchase money mortgages or otherwise, whether owed to the seller or third party) or to construct or
      improve any fixed or capital assets of any Credit Party and its Subsidiaries), (f), (g), and (i) of the defined term “Indebtedness” together with any Guarantee Obligations of Holdings, the Borrower and its Subsidiaries in respect of any of the
      foregoing provided that Funded Debt shall not include (x) any portion of Funded Debt of any partnership or joint venture in which Holdings, the Borrower or a Subsidiary is a general partner that is expressly made non-recourse to Holdings,
      the Borrower or such Subsidiary or (y) the undrawn portion of any letters of credit which are not then due and payable or the unfunded amount under any surety bond or similar instrument.

   

  “GAAP” shall mean
      generally accepted accounting principles in the United States of America, as in effect from time to time; provided, that if at any time any change in GAAP would affect the computation of any financial ratio, covenant or other requirement set
      forth in any Credit Document, and the Borrower notifies the Administrative Agent that the Borrower requests an amendment to any provision hereof to preserve the original intent thereof in light of such change in GAAP (or if any Agent notifies the
      Borrower that the Required Lenders request an amendment to any provision hereof for such purpose), regardless of whether any such notice is given before or after such change in GAAP or in the application thereof, then (i) the Agents, the Lenders and
      the Credit Parties shall negotiate in good faith to effect such amendment and (ii) such provision shall be interpreted (and such ratio or requirement shall continue to be computed) on the basis of GAAP as in effect and applied immediately before such
      change shall have become effective until such notice shall have been withdrawn or such provision amended in accordance herewith.

   

  “Governmental Authority”
      shall mean the government of the United States, any foreign country or any multinational authority, or any state, commonwealth, protectorate or political subdivision thereof, and any entity, body or authority exercising executive, legislative,
      judicial, regulatory or administrative functions of or pertaining to government, including FINRA, the SEC, the PBGC and other quasi-governmental entities established to perform such functions.

   

  “Group” shall have the meaning set forth in the
      definition of the term “Acquisition Agreement”.

   

  “Group Members” shall mean the collective reference to
      Holdings and each of its Subsidiaries.

   

  “Guarantee Agreement”
      shall mean the Guarantee Agreement, dated as of the Closing Date, executed and delivered by each Guarantor in favor of the Administrative Agent and the Collateral Agent for the benefit of the Secured Parties, as amended, restated, supplemented or
      otherwise modified from time to time, and in form and substance reasonably satisfactory to the Collateral Agent and the Administrative Agent.

  
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  “Guarantee Obligations”
      shall mean, as to any Person, any Contingent Liability of such Person or other obligation of such Person guaranteeing or intended to guarantee any Indebtedness of any other Person (the “primary obligor”) in any manner, whether directly
      or indirectly, including any obligation of such Person, whether or not contingent, (a) to purchase any such Indebtedness or any property constituting direct or indirect security therefor, (b) to advance or supply funds (i) for the purchase or payment
      of any such Indebtedness or (ii) to maintain working capital or equity capital of the primary obligor or otherwise to maintain the net worth or solvency of the primary obligor, (c) to purchase property, securities or services primarily for the
      purpose of assuring the owner of any such Indebtedness of the ability of the primary obligor to make payment of such Indebtedness or (d) otherwise to assure or hold harmless the owner of such Indebtedness against loss in respect thereof; provided,
      that the term “Guarantee Obligations” shall not include (x) endorsements of instruments for deposit or collection in the ordinary course of business or customary and reasonable indemnity obligations in effect on the Closing Date or entered into in
      connection with any acquisition or disposition of assets permitted under this Agreement (other than with respect to Indebtedness) or (y) Excluded Swap Obligations. The amount of any Guarantee Obligation shall be deemed to be an amount equal to the
      stated or determinable amount of the Indebtedness in respect of which such Guarantee Obligation is made or, if not stated or determinable, the maximum reasonably anticipated liability in respect thereof (assuming such Person is required to perform
      thereunder) as determined by such Person in good faith.

   

  “Guarantors” shall
      mean (a) Holdings, (b) each Subsidiary (other than an Excluded Subsidiary) on the Closing Date and (c) each Person (in each case, other than any Excluded Subsidiary) that becomes a party to the Guarantee Agreement after the Closing Date pursuant to Section

        9.09.

   

  “Hazardous Materials”
      shall mean (a) any petroleum or petroleum products, radioactive materials, asbestos, urea formaldehyde foam insulation, per and polyfluoroalkyl substances, polychlorinated biphenyls, noise, odor, mold and radon gas; (b) any chemicals, materials or
      substances defined as or included in the definition of “hazardous substances”, “hazardous waste”, “hazardous materials”, “extremely hazardous waste”, “restricted hazardous waste”, “toxic substances”, “toxic pollutants”, “contaminants”, or
      “pollutants”, or words of similar import, under any applicable Environmental Law; and (c) any other chemical, contaminant, pollution, material, waste or substance, which is prohibited, limited or regulated by, or for which liability or standards of
      conduct may be imposed under, any Environmental Law.

   

  “Hedging Agreement”
      shall mean (a) any and all agreements and documents not entered into for speculative purposes that provide for an interest rate, credit, commodity or equity swap, cap, floor, collar, forward foreign exchange transaction, currency swap, cross currency
      rate swap, currency option, or any combination of, or option with respect to, these or similar transactions, for the purpose of hedging exposure to fluctuations in interest or exchange rates, loan, credit exchange, security, or currency valuations or
      commodity prices, and (b) any and all agreements and documents (and the related confirmations) entered into in connection with any transactions of any kind, 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.

   

  “Hedging Obligations”
      shall mean, with respect to any Person, the obligations of such Person on a marked-to-market basis under Hedging Agreements.

  
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  “Historical Financial
          Statements” shall mean (a) the audited consolidated balance sheet of the Target and its Subsidiaries for the fiscal year ended December 31, 2018 and the related consolidated statements of operations and comprehensive income and loss,
      consolidated statements of changes in equity, consolidated statements of cash flows for the fiscal year then ended, (b) unaudited consolidated balance sheet of the Target and its Subsidiaries as of April 31, 2020 and the related consolidated
      statement of operations and comprehensive income and loss, consolidated statement of changes in equity, consolidated statement of cash flows for the four (4) months then ended and (c) an audited consolidated balance sheet of the Target and its
      Subsidiaries as of December 31, 2019, and the related consolidated statements of operations and comprehensive income and loss, consolidated statements of changes in equity, consolidated statements of cash flows for the fiscal year then ended.

   

  “Holdings” shall have the meaning set forth in the
      recitals to this Agreement.

   

  “Indebtedness” shall
      mean, 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 the Accounting Principles:

   

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

   

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

   

  (c)          net Hedging Obligations of such Person;

   

  (d)          all obligations of such Person to pay the deferred purchase
      price of property or services (other than ordinary course trade payables);

   

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

   

  (f)          all Attributable Indebtedness;

   

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

   

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

   

  (i)           any Earn-Out, seller note or purchase price adjustment
      obligation with respect to (x) a Permitted Acquisition, (y) a permitted Investment or (z) any acquisition consummated on or prior to the Closing Date (including the Acquisition), in each case (other than any seller note or seller financing), only
      when such obligation shall become earned and due (and not promptly paid);

   

  provided that Indebtedness shall not include
      (i) prepaid or deferred revenue arising in the ordinary course of business, (ii) purchase price holdbacks arising in the ordinary course of business in respect of a portion of the purchase price of an asset to satisfy warranties or other unperformed
      obligations of the seller of such asset, (iii) endorsements of checks or drafts arising in the ordinary course of business, (iv) preferred Capital Stock to the extent not constituting Disqualified Capital Stock, (v) trade accounts payable and other
      accrued expenses, in each case, incurred in the ordinary course of business other than to the extent more than sixty (60) days past due, (vi) any Earn-Out or purchase price adjustment obligation with respect to (x) a Permitted Acquisition, (y) a
      permitted Investment or (z) any acquisition consummated on or prior to the Closing Date (including the Acquisition), in each case, until such obligation shall become earned and due and not promptly paid or (vii) deferred compensation payable to
      directors, officers or employees of any Group Member.

  
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  For all purposes hereof, the Indebtedness of any
      Person shall include the Indebtedness of any partnership or joint venture (other than a joint venture that is itself a corporation or limited liability company or equivalent entity) in which such Person is a general partner or a joint venturer,
      except to the extent such Person’s liability for such Indebtedness is otherwise limited and only to the extent such Indebtedness would be included in the calculation of Consolidated Total Debt. The amount of any net Hedging Obligations on any date
      shall be deemed to be the Swap Termination Value thereof as of such date. The amount of Indebtedness of any Person for purposes of clause (e) above shall be deemed to be equal to the lesser of (x) the aggregate unpaid amount of such Indebtedness and
      (y) the fair market value of the property encumbered thereby as determined by such Person in good faith.

   

  “indemnified liabilities” shall have the meaning set
      forth in Section 13.05.

   

  “Indemnified Parties” shall have the meaning set forth in
      Section 13.05.

   

  “Index Rate” shall
      mean, for any day, a floating rate equal to the greater of (a) the higher of (i) the Prime Rate in effect on such date (or, if The Wall Street Journal ceases quoting a Prime Rate of the type described, either (A) the per annum rate quoted as the base
      rate on such corporate loans in a different national publication as reasonably selected by the Administrative Agent or (B) the highest per annum rate of interest published by the Federal Reserve Board in Federal Reserve statistical release H.15 (519)
      entitled “Selected Interest Rates” as the bank prime loan rate or its equivalent), and (ii) the Federal Funds Rate in effect on such day, provided that the Federal Funds Rate shall not be less 0.00%, plus 1⁄2 of 1%, and (b) the LIBOR
      Rate on such date for a LIBOR Period of one month plus 1.00% per annum. Changes in the rate of interest on that portion of any Loans maintained as Index Rate Loans will take effect one Business Day following each change in the Index Rate.

   

  “Index Rate Loan”
      shall mean each Loan bearing interest at the Index Rate, as provided in Section 2.08(a).

   

  “Initial Term Loans” shall mean the Term Loans
        initially funded on the Closing Date.

   

  “Intellectual Property” shall have the meaning set forth
      in the Security Pledge Agreement.

   

  “Intercompany Subordination
          Agreement” shall mean the Intercompany Subordination Agreement in the form attached hereto as Exhibit K, executed and delivered by each Credit Party, each of their respective Subsidiaries from time to time party thereto, the
      Administrative Agent and the Collateral Agent, as amended, restated, supplemented or otherwise modified from time to time, and in form and substance reasonably satisfactory to the Administrative Agent and the Collateral Agent.

   

  “Interpolated Rate”
      means, at any time, for any interest period, the greater of (i) the rate per annum (rounded to the same number of decimal places as the Published LIBOR Rate) determined by the Administrative Agent (which determination shall be conclusive and
      binding absent manifest error) to be equal to the rate that results from interpolating on a linear basis between: (a) the Published LIBOR Rate for the longest period (for which the Published LIBOR Rate is available) that is shorter than the Impacted
      Interest Period; and (b) the Published LIBOR Rate for the shortest period (for which the Published LIBOR Rate is available) that exceeds the Impacted Interest Period, in each case, at such time and (ii) 1.50%.

  
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  “Investment” shall
      mean, relative to any Person, (a) any loan, advance or extension of credit made by such Person to any other Person, including the purchase by such first Person of any bonds, notes, debentures or other debt securities of any such other Person; (b)
      Contingent Liabilities in respect of obligations of any other Person; and (c) any Capital Stock or other investment held by such Person in any other Person.

   

  “Junior Indebtedness”
      shall mean Indebtedness which is (a) unsecured or (b) Subordinated Indebtedness or secured only by Collateral on a junior lien basis to the liens securing the Obligations.

   

  “Lender” shall have the meaning set forth in the preamble
      to this Agreement.

   

  “LIBOR Period” shall
      mean, with respect to any LIBOR Rate Loan, the interest period applicable thereto, as determined pursuant to Section 2.09.

   

  “LIBOR Rate” shall
      mean, with respect to any LIBOR Rate Loan for any LIBOR Period, a rate for eurodollar deposits for a period equal to 1, 2, 3, 6, or, if offered by all relevant affected Lenders, 12 months or a shorter period (as selected by the Borrower) appearing on
      Reuters Screen LIBOR01 Page (or otherwise on the Reuters screen) (the “Published LIBOR Rate”) (as adjusted for statutory reserve requirements for eurocurrency liabilities); provided that if the Published LIBOR Rate shall not be
      available at such time for such interest period (an “Impacted Interest Period”) then the Published LIBOR Rate shall be the Interpolated Rate; provided further that the LIBOR Rate shall in no case be less than 1.50%. If the
      Reuters screen shall no longer report the Published LIBOR Rate, or such interest rates cease to exist, the Administrative Agent and the Collateral Agent shall be permitted to select an alternate service that quotes, or alternate interest rates in
      accordance with the terms and conditions of Section 2.12.

   

  “LIBOR Rate Loan”
      shall mean any Term Loan bearing interest at a rate determined by reference to the LIBOR Rate.

   

  “Lien” shall mean
      any mortgage, pledge, security interest, hypothecation, assignment for collateral purposes, lien (statutory or other) or similar encumbrance, and any easement, right-of-way, license, restriction (including zoning restrictions) or encumbrance
      (including any agreement to give any of the foregoing, any conditional sale or other title retention agreement or any lease in the nature thereof) on title to real property and any financing lease having substantially the same economic effect as any
      of the foregoing; provided, that in no event shall an operating lease entered into in the ordinary course of business or any precautionary UCC filings made pursuant thereto by an applicable lessor or lessee, be deemed to be a Lien.

   

  “Loan” shall mean,
      individually, any Term Loan made by any Lender hereunder, and collectively, the Term Loans made by the Lenders hereunder.

   

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

   

  “Master Agreement”
      shall have the meaning set forth in the definition of the term “Hedging Agreement”.

   

  “Material Adverse Effect”
      shall mean a material adverse effect on (a) the business, assets, results of operations or financial condition, in each case, of Holdings, the Borrower and its Subsidiaries, taken as a whole, (b) the rights and remedies (taken as a whole) of the
      Administrative Agent, the Collateral Agent and the Lenders under this Agreement or any of the other Credit Documents or (c) the ability of Holdings, the Borrower and the Guarantors (taken as a whole) to perform their obligations hereunder.

  
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  “Maturity Date”
      shall mean the date that is five (5) years after the Closing Date, or, if such date is not a Business Day, the next succeeding Business Day.

   

  “Minimum Borrowing Amount” shall mean $250,000.

   

  “Moody’s” shall mean
      Moody’s Investors Service, Inc. or any successor by merger or consolidation to its business.

   

  “Mortgage” shall
      mean a mortgage or a deed of trust, deed to secure debt, trust deed or other security document entered into by any applicable Credit Party and the Collateral Agent for the benefit of the Secured Parties in respect of any Real Property owned by such
      Credit Party, in such form as agreed between such Credit Party and the Collateral Agent.

   

  “Mortgaged Property”
      shall mean each parcel of Real Property and improvements thereto with respect to which a Mortgage is granted pursuant to Section 9.12(b).

   

  “Multiemployer Plan”
      shall mean any multiemployer plan, as defined in Section 4001(a)(3) of ERISA, as to which any Credit Party, Subsidiary of a Credit Party or any ERISA Affiliate has any obligation or liability, contingent or otherwise.

   

  “Net Casualty Proceeds”
      shall mean, with respect to any Casualty Event, the amount of any insurance proceeds or condemnation awards received by any Credit Party or any of their respective Subsidiaries in cash in connection with such Casualty Event (net of customary
      collection expenses thereof not payable to a Credit Party or Subsidiary thereof (other than reimbursements of reasonable out-of -pocket expenses of such Subsidiary) (including, without limitation, any legal or other professional fees)), and (a)
      excluding any proceeds or awards required to be paid to a creditor (other than the Lenders) which holds a first priority Lien permitted by Section 10.02(c) on the property which is the subject of such Casualty Event, (b) less (i) any reserve
      for adjustment in respect of (x) the sale price of such asset or assets established in accordance with GAAP and (y) any liabilities associated with such asset or assets and retained by such Credit Party or any of its Subsidiaries after such sale or
      other disposition thereof, including pension and other post-employment benefit liabilities and liabilities related to environmental matters or with respect to any indemnification obligations associated with such transaction (provided however, that
      the amount of any subsequent reduction of such reserve (other than in connection with a payment in respect of any such liability) shall be deemed to be Net Casualty Proceeds of such Casualty Event occurring on the date of such reduction), and (ii)
      any Taxes (or, without duplication, Tax Distributions) payable by such Person (utilizing any available losses or deductions) on account of such insurance proceeds or condemnation award, actually paid, assessed or reasonably estimated by such Person
      (in good faith) to be payable within the next 12 months in cash in connection with such Casualty Event; provided, that if, after the expiration of such 12-month period, the amount of such estimated or assessed Taxes (or Tax Distributions), if
      any, exceeded the Taxes (or Tax Distributions) actually paid in cash in respect of proceeds from such Casualty Event, the aggregate amount of such excess shall constitute Net Casualty Proceeds under Section 5.02(a)(vii) and be immediately
      applied to the prepayment of the Obligations pursuant to Section 5.02(a)(viii) and (c) in the case of any such proceeds or awards received by a Subsidiary that is not a Wholly-Owned Subsidiary, excluding the pro rata portion of the proceeds
      or awards thereof (calculated without regard to this clause (c)) attributable to minority interests and not available for distribution to or for the account of a Group Member that is a Wholly-Owned Subsidiary.

  
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  “Net Debt Proceeds”
      shall mean, with respect to the sale, incurrence or issuance by any Credit Party or any of their respective Subsidiaries of any Indebtedness, the excess of: (a) the gross cash proceeds received by such Credit Party or any of its Subsidiaries from
      such sale, incurrence or issuance, over (b) all underwriting commissions and legal, investment banking, underwriting, brokerage, accounting and other professional fees, sales commissions and disbursements and all other reasonable fees,
      expenses and charges, in each case actually incurred in connection with such sale, incurrence or issuance which have not been paid and are not payable to Subsidiaries of such Credit Party in connection therewith (other than reimbursements of
      reasonable out-of-pocket expenses of such Subsidiaries).

   

  “Net Disposition Proceeds”
      shall mean, with respect to any Disposition by any Credit Party or any of their respective Subsidiaries, the excess of: (a) the gross cash proceeds received by such Person from such Disposition, over (b) the sum of: (i) all legal, investment
      banking, underwriting, brokerage and accounting and other professional fees, sales commissions and disbursements and all other out -of-pocket fees, expenses and charges, in each case actually incurred in connection with such Disposition (including
      any reasonable and customary amounts paid by any third party and reimbursed by a Credit Party or any of their respective Subsidiaries) which have not been paid and are not payable to Subsidiaries of such Person (other than reimbursements of
      reasonable out-of-pocket expenses of such Subsidiaries), (ii) all Taxes (or, without duplication, Tax Distributions) payable by such Person on account of proceeds from such Disposition, actually paid, assessed or reasonably estimated by such Person
      (in good faith) to be payable in cash within the next twelve (12) months in connection with such proceeds after utilizing any available losses or deductions, (iii) the amount of such cash or Cash Equivalents required to repay any Indebtedness which
      is secured by the assets subject to such Disposition (other than the Obligations), so long as such Indebtedness is permitted under this Agreement and is permitted to be senior to or pari passu with the Obligations in right of payment), (iv) any
      reserve for adjustment in respect of (x) the sale price of such asset or assets established in accordance with GAAP and (y) any liabilities associated with such asset or assets and retained by such Credit Party or any of its Subsidiaries after such
      sale or other disposition thereof, including pension and other post-employment benefit liabilities and liabilities related to environmental matters or with respect to any indemnification obligations associated with such transaction (provided however,
      that the amount of any subsequent reduction of such reserve (other than in connection with a payment in respect of any such liability) shall be deemed to be Net Disposition Proceeds of such Disposition occurring on the date of such reduction) and (v)
      amounts provided as a reserve for liabilities or indemnification payments (fixed or contingent) attributable seller’s indemnities and representations and warranties to purchasers and other retained liabilities in respect of such Disposition
      undertaken by any Credit Party or any Subsidiary of a Credit Party in connection with such Disposition; provided, that if, after the expiration of the twelve-month period referred to in clause (b)(ii) above, the amount of estimated or
      assessed Taxes (or Tax Distributions), if any, pursuant to clause (b)(ii) above exceeded the Taxes (or Tax Distributions) actually paid in cash in respect of proceeds from such Disposition, the aggregate amount of such excess shall constitute Net
      Disposition Proceeds under Section 5.02(a)(iii) and be immediately applied to the prepayment of the Obligations pursuant to Section 5.02(a)(viii); provided, further, that to the extent any amount referred to in clause
      (b)(iv) above ceases to be so reserved, the amount thereof, if any, pursuant to clause (b)(iv) above shall be deemed to be Net Disposition Proceeds at such time and be immediately applied to the prepayment of the Obligations pursuant to Section
        5.02(a)(viii); provided, that in the case of any such proceeds or awards received by a Subsidiary that is not a Wholly-Owned Subsidiary, Net Disposition Proceeds shall exclude the pro rata portion of the proceeds or awards thereof
      (calculated without regard to this proviso) attributable to minority interests and not available for distribution to or for the account of a Group Member that is a Wholly-Owned Subsidiary.

   

  “Non-Consenting Lender” shall have the meaning set forth
      in Section 13.07(b).

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

   

  “Non-U.S. Lender” shall have the meaning set forth in Section

        5.04(b).

   

  “Note” shall mean a promissory note substantially in the
      form of Exhibit H.

   

  “Notice of Borrowing” shall have the meaning set forth in
      Section 2.03.

   

  “Notice of Control” shall have the meaning set forth in Section

        9.13(b).

   

  “Notice of Conversion or Continuation” shall have the
      meaning set forth in Section 2.06.

   

  “Obligations” shall
      mean (a) with respect to the Borrower, all obligations (monetary or otherwise, whether absolute or contingent, matured or unmatured) of the Borrower arising under or in connection with any Credit Document, including all fees and premiums (including
      any Applicable Prepayment Premium) payable under any Credit Document and the principal of and interest (including interest accruing during the pendency of any proceeding of the type described in Section 11.01(h), whether or not allowed in
      such proceeding) on the Loans and (b) with respect to each Credit Party other than the Borrower, all obligations (monetary or otherwise, whether absolute or contingent, matured or unmatured) of such Credit Party arising under or in connection with
      any Credit Document; provided, however, that for purposes of the Security Documents, the Guarantee Agreement and each other guarantee agreement or other instrument or document executed and delivered pursuant to Sections 9.09,
      9.10, 9.11 or 9.12, pursuant to any of the Security Documents, or otherwise to guarantee any of the Obligations, the term “Obligations” shall not, as to any Guarantor, include any Excluded Swap Obligations of such Guarantor.

   

  “Organization Documents”
      shall mean, (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. jurisdiction); (b) with respect to any limited liability
      company, the certificate or articles of formation or organization and operating agreement; and (c) with respect to any partnership, joint venture, trust or other form of business entity, the partnership, joint venture or other applicable agreement of
      formation or organization and, if applicable, 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.

   

  “Original Currency” shall have the meaning set forth in Section

        13.25(a).

   

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

   

  “Other Currency” shall have the meaning set forth in Section

        13.25(a).

   

  “Other Taxes” shall
      mean any and all present or future stamp or documentary, intangible, recording, court, filing or similar Taxes arising from any payment made hereunder or 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 Credit Document, except such Taxes that are Other Connection Taxes imposed with respect to an assignment (other than an assignment made pursuant to a request by Borrower).

  
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  “Owned IP” means all
      of the Intellectual Property owned, or purported to be owned, by a Credit Party or any Subsidiary of a Credit Party.

   

  “Participant” shall have the meaning set forth in Section

        13.06(c)(i).

   

  “Participant Register” shall have the meaning set forth
      in Section 13.06(c)(ii).

   

  “Patriot Act” shall have the meaning set forth in Section

        13.20.

   

  “PBGC” shall mean
      the Pension Benefit Guaranty Corporation established pursuant to Section 4002 of ERISA, or any successor thereto.

   

  “Pension Plan” shall
      mean any single-employer plan, as defined in Section 4001(a)(15) of ERISA, and subject to Title IV of ERISA or Section 412 of the Code or Section 302 of ERISA, that is sponsored, maintained or contributed to by any Credit Party, Subsidiary of a
      Credit Party or an ERISA Affiliate or in respect of which any Credit Party, Subsidiary of a Credit Party or an ERISA Affiliate has any obligation or liability, contingent or otherwise.

   

  “Permitted Acquisition” shall mean a Purchase which:

   

  		(a)	has been consented to in writing by the Required Lenders; or

   

  		(b)	meets the following conditions:

   

  (i)         both before and immediately after giving
      effect to such Purchase, no Event of Default shall have occurred and be continuing;

   

  (ii)        such Purchase is consensual and approved by
      the board of directors and/or shareholders of the target and the applicable Borrower or Subsidiary;

   

  (iii)       the Borrower shall
      deliver to the Administrative Agent a third party quality of earnings report if the Consolidated EBITDA attributable to the target is more than $2,000,000; provided, that, if a quality of earnings report is otherwise received or generated internally
      by the Sponsor or any Credit Party, such quality of earnings report shall be delivered to the Administrative Agent regardless of the target’s EBITDA);

   

  (iv)       the Consolidated EBITDA
      of the target shall be positive, other than with respect to Purchases with an aggregate Total Consideration that do not exceed $5,000,000 during the term of the Term Loan Facility;

   

  (v)        at least five (5)
      days prior to the date on which any such Purchase is to be consummated, the Borrower shall deliver to the Administrative Agent, on behalf of the Lenders (i) a description of the proposed Purchase, (ii) to the extent available, a due diligence package
      (including other customary third party reports that are permitted to be shared), (iii) a current draft of the acquisition agreement (together with exhibits and schedules thereto and, to the extent required in the acquisition agreement, all required
      regulatory and third party approvals and copies of environmental assessments, if any) for such intended Purchase and (iv) such additional information regarding the target of the proposed acquisition as reasonably requested by any Agent;

  
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  (vi)       the Borrower shall
      deliver to the Administrative Agent at or prior to closing of such Purchase the final acquisition documents and a certificate duly completed and executed by an Authorized Officer of the Borrower certifying satisfaction of the requirements hereof for
      such Purchase;

   

  (vii)      the Credit Parties
      shall be in compliance with the Financial Performance Covenant on a Pro Forma Basis;

   

  (viii)     any acquired Person and
      its Subsidiaries shall be required to become Credit Parties hereunder and under the other applicable Credit Documents pursuant to one or more joinder agreements in form reasonably satisfactory to the Agents and otherwise comply with its obligations
      under Section 9.09 hereof within the timeframes set forth therein; provided, that this clause (viii) shall not apply with respect to Persons (or their assets) and their respective Subsidiaries that are not required to become Credit
      Parties (or assets with respect to which the Collateral Agent does not receive a security interest) pursuant to Section 9.09 hereof; and

   

  (ix)        the acquisition of such Person and its
      Subsidiaries would not cause the Credit Parties to breach the covenant contained in Section 10.11.

   

  “Permitted Liens” shall have the meaning set forth in Section

        10.02.

   

  “Permitted Refinancing” shall mean a
      refinancing, replacement, renewal, restatement, extension or exchange of Indebtedness that:

   

  (a)          has an aggregate
      outstanding principal amount not greater than the aggregate principal amount of the Indebtedness being refinanced, replaced, renewed, restated, extended or exchanged, except by an amount equal to the unpaid accrued interest and premium thereon,
      defeasance costs and other reasonable amounts paid and fees and expenses incurred in connection therewith;

   

  (b)          has a weighted
      average life to maturity (measured as of the date of such refinancing or extension) and maturity no shorter than that of the Indebtedness being refinanced, replaced, renewed, restated, extended or exchanged; provided that this clause (b)
      shall not apply to a refinancing of purchase money Indebtedness and Capitalized Lease Obligations; provided further that if such purchase money Indebtedness or Capitalized Lease Obligations has a maturity date (measured as of the date
      immediately before such refinancing) after the Maturity Date, the maturity date after such refinancing shall not be shortened to a date before the Maturity Date;

   

  (c)          is not entered
      into as part of a Sale and Lease-Back Transaction;

   

  (d)          is not secured by a
      Lien on any assets other than the collateral securing the Indebtedness being refinanced, replaced, renewed, restated, extended or exchanged;

   

  (e)          the obligors of which
      are the same as the obligors of the Indebtedness being refinanced, replaced, renewed, restated, extended or exchanged, except that any Credit Party may be an obligor thereof if otherwise permitted by this Agreement;

   

  (f)          is payment and/or
      lien subordinated to the Obligations at least to the same extent and in the same manner as the Indebtedness being refinanced, replaced, renewed, restated, extended or exchanged; and

  
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  (g)          is otherwise on terms
      no less favorable to the Credit Parties and their Subsidiaries, taken as a whole, than those of the Indebtedness being refinanced, replaced, renewed, restated, extended or exchanged.

   

  “Person” shall mean
      any individual, partnership, joint venture, firm, corporation, limited liability company, association, trust or other enterprise or any Governmental Authority.

   

  “Personal Information”
      shall mean all data or other information (including protected health information) that, alone or in combination with other information, relates to one or more individuals that is personally identifiable (i.e., data that identifies an individual or,
      in combination with any other information or data available to or held by a Credit Party, is capable of identifying an individual) or that allows the contact with, relation to, description of, or is capable of being associated with, or could
      reasonably be linked, directly or indirectly with, an individual or is capable of identifying a specific individual.

   

  “Plan” shall mean
      each employee benefit plan within the meaning of Section 3(3) of ERISA, whether or not subject to ERISA, that is sponsored, maintained or contributed to by a Credit Party, Subsidiary of a Credit Party or an ERISA Affiliate (but excluding any
      Multiemployer Plan).

   

  “Platform” shall mean
      Intralinks, SyndTrak Online or any other similar electronic distribution system.

   

  “Pledged Stock” shall have the meaning set forth in the
      Security Pledge Agreement.

   

  “Prepayment Event”
      shall mean (a) any voluntary prepayment of all or any part of the initial principal balance of any Term Loan pursuant to Section 5.01(a), (b) the mandatory prepayment of all or any part of the principal balance of any Term Loan pursuant to Section

        5.02(a)(ii), (c) the mandatory prepayment of all or any part of the principal balance of any Term Loan pursuant to Section 5.02(a)(iii),  Section 5.02(a)(iv), Section 5.02(a)(v), Section 5.02(a)(vi) and Section
        5.02(a)(vii), (d) any acceleration of the Term Loans (before or after an Event of Default, insolvency event or otherwise) and (e) any Repricing Transaction or replacement of a Lender pursuant to Section 13.07; provided, that,
      and for the avoidance of doubt, any mandatory prepayment of all or any part of the principal balance of any Term Loan pursuant to Section 5.02(a)(i) shall not be considered a “Prepayment Event.”

   

  “Prime Rate” shall
      mean a variable per annum rate, as of any date of determination, equal to the rate as of such date published in the “Money Rates” section of The Wall Street Journal as being the “Prime Rate” (or, if more than one rate is published as the
      Prime Rate, then the highest of such rates). The Prime Rate will change as of the date of publication in The Wall Street Journal of a Prime Rate that is different from that published on the preceding Business Day. In the event that The
        Wall Street Journal shall, for any reason, fail or cease to publish the Prime Rate, the Agents shall choose a reasonably comparable index or source to use as the basis for the Prime Rate.

   

  “Privacy and Security Laws”
      means all Applicable Laws relating to the processing, access, collection, use, storage, distribution, disposal, transfer, disclosure, security and sharing of Personal Information, data security, cyber security, privacy, marketing, text messaging,
      sales and e-commerce, including without limitation, the Regulation (EU) 2016/679 of the European Parliament and of the Council (the General Data Protection Regulation) and any laws of a member state of the European Economic Area supplementing said
      regulation, the EU Directive 2002/58/EC on electronic communication as amended by EU Directive 2009/136/EC and as implemented by European Union member state law, the Health Insurance Portability and Accountability Act of 1996, Title II Subtitle F,
      Section s 261-264, Public Law 104-191 and the Health Information Technology for Economic and Clinical Health Act, as amended, the Gramm-Leach-Bliley Act of 1999, 15 U.S.C. 6801 et seq., the Fair Credit Reporting Act, 15 U.S.C. 1681 et seq. (including
      the Fair and Accurate Credit Transactions Act of 2003), the U.S. CAN-SPAM Act, the U.S. Telephone Consumer Protection Act, the U.S. Telemarketing and Consumer Fraud and Abuse Prevention Act, Children’s Online Privacy Protection Act, California
      Consumer Privacy Act of 2018, state Social Security number protection Laws, state data breach notification Laws, and state consumer protection Laws, together with all regulations with respect thereto.

  
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  “Privacy Matters Amount”
      means an amount equal to the sum of (w) $10,000,000, plus (x) any cash indemnity payments received by Borrower via Group under the Acquisition Documents in respect of data privacy matters to be paid to a third party or in reimbursement of
      payments made to a third party plus (y) any equity contributions made by Sponsor to Borrower in the form of common equity (and which are not covered by clause (x) above) which are designated by Borrower as increasing the Privacy Matters
      Amount (and which amounts are segregated by the Borrower in a deposit or securities account of the Borrower subject to a Control Agreement pursuant to which Collateral Agent has a perfected Lien), which equity contribution shall not increase any
      other basket hereunder or be used for any other purpose other than making payments pursuant to Section 10.18.

   

  “Pro Forma Adjustments” shall have the meaning set forth
      in the definition of Pro Forma Basis.

   

  “Pro Forma Basis”
      shall mean, with respect to any period, the proposed incurrence of Indebtedness or making of a Restricted Payment or payment in respect of Indebtedness in respect of which compliance with any financial ratio is by the terms of this Agreement required
      to be calculated on a Pro Forma Basis as if such event or events had been consummated and incurred at the beginning of the applicable period for any applicable financial covenant, performance or similar test. In making any determination on a Pro
      Forma Basis, (x) all Indebtedness (including Indebtedness issued, incurred or assumed as a result of, or to finance, any relevant transactions and for which the financial effect is being calculated, whether incurred under this Agreement or otherwise,
      but excluding normal fluctuations in revolving Indebtedness incurred for working capital purposes and not to finance any acquisition) issued, incurred, assumed or permanently repaid during the applicable period (or, in the case of determinations made
      pursuant to Article II or Article IX, occurring during the applicable period or thereafter and through and including the date upon which the relevant transaction is consummated) shall be deemed to have been issued, incurred, assumed or permanently
      repaid at the beginning of such period and (y) Consolidated Interest Expense of such person attributable to interest on any Indebtedness, for which pro forma effect is being given as provided in the preceding clause (x), bearing floating interest
      rates shall be computed on a pro forma basis as if the rates that would have been in effect during the period for which pro forma effect is being given had been actually in effect during such periods, as reasonably and in good faith calculated by the
      Borrower as set forth in a certificate of a financial officer of the Borrower.

   

  “Public Lender” shall have the meaning
      set forth in Section 9.01.

   

  “Purchase” shall
      mean the purchase or other acquisition by Holdings or any of its Subsidiaries of (a) all of the Capital Stock in, or all or substantially all of the property and assets of (or all or substantially all of the property and assets representing a
      business unit or business line of or customer base of), any Person (referenced herein as the “Acquired Entity”) that, upon the consummation thereof, will be owned (other than director’s qualifying shares) directly by the Borrower or one
      or more of its directly or indirectly wholly owned Subsidiaries (including, without limitation, as a result of a merger, consolidation or amalgamation or the purchase or other acquisition of all or a substantial portion of the property and assets of
      a Person) or (b) source code, Intellectual Property and other related intangibles.

   

  “Purchaser” shall have the meaning set
      forth in the definition of the term “Acquisition Agreement”.

  
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  “Qualified Capital Stock” shall mean any Capital Stock
      that is not Disqualified Capital Stock.

   

  “Qualified Cash”
      means, at any time of determination, the aggregate balance sheet amount of unrestricted cash and, to the extent readily monetized, Cash Equivalents included in the consolidated balance sheet of Holdings and its Subsidiaries as of such time that (i)
      is free and clear of all Liens other than Liens in favor of Collateral Agent for the benefit of Secured Parties and non-consensual Permitted Liens, (ii) may be applied to payment of the Obligations without violating any law, contract, or other
      agreement, (iii) is in deposit or securities accounts subject to Control Agreements pursuant to which Collateral Agent has a perfected Lien, and (iv) is not Net Disposition Proceeds, Net Debt Proceeds, Net Casualty Proceeds or included in the Privacy
      Matters Amount.

   

  “Qualifying IPO”
      shall mean the issuance by Holdings of its Qualified Capital Stock in an underwritten primary public offering (other than a public offering pursuant to a registration statement on Form S-8) pursuant to an effective registration statement filed with
      the SEC in accordance with the Securities Act (whether alone or in connection with a secondary public offering).

   

  “Real Property”
      shall mean, with respect to any Person, all right, title and interest of such Person in and to a parcel of owned real property by such Person together with, in each case, all improvements and appurtenant fixtures, equipment, personal property,
      easements and other property and rights incidental to the ownership, lease or operation thereof.

   

  “Recipient” shall mean the Administrative Agent and any
      Lender.

   

  “Register” shall have the meaning set forth in Section

        13.06(b)(iv).

   

  “Regulation U” shall
      mean Regulation U of the Board as from time to time in effect and any successor to all or a portion thereof establishing margin requirements.

   

  “Regulation X” shall
      mean Regulation X of the Board as from time to time in effect and any successor to all or a portion thereof establishing margin requirements.

   

  “Regulatory Supervising
          Organization” shall mean as applicable, FINRA, the SEC or any governmental or self-regulatory organization, exchange, clearing house or financial regulatory authority of which any entity is a member or to whose rules or regulations it is
      subject.

   

  “Related Parties”
      shall mean, with respect to any specified Person, such Person’s Affiliates and the directors, officers, employees, agents, trustees, advisors of such Person, and of such Person’s Affiliates, and any Person that possesses, directly or indirectly, the
      power to direct or cause the direction of the management or policies of such Person, and of such Person’s Affiliates, whether through the ability to exercise voting power, by contract or otherwise.

   

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

   

  “Reportable Event”
      shall mean an event described in Section 4043 of ERISA and the regulations thereunder (excluding any such event for which the notice requirement has been waived).

   

  “Repricing Transaction”
      shall mean any transaction in which any tranche of Term Loans is refinanced with a replacement tranche of term loans, or is modified with the effect of, bearing a lower rate of interest.

  
    33

    
      
 

  

  “Required Lenders”
      shall mean, at any date, Lenders having or holding more than fifty percent (50%) of the sum of the outstanding principal amount of the Term Loans; provided, that the Commitments and the portion of the outstanding principal amount of the Loans
      held or deemed held by any Defaulting Lender shall be excluded for purposes of making a determination of Required Lenders.

   

  “Restricted Payment”
      shall mean, with respect to any Person, (a) the declaration or payment of any dividend on, or the making of any payment or distribution on account of, or setting apart assets for a sinking or other analogous fund for the purchase, redemption,
      defeasance, retirement or other acquisition of, any class of Capital Stock of such Person or any warrants or options to purchase any such Capital Stock, whether now or hereafter outstanding, or the making of any other distribution in respect thereof,
      either directly or indirectly, whether in cash or property, (b) any payment of a management fee (or other fee of a similar nature) by such Person to any holder of its Capital Stock or any Affiliate thereof and (c) the payment or prepayment of
      principal of, or premium or interest on, any Indebtedness subordinate in right of payment to the Obligations unless such payment is permitted under the terms of the subordination agreement applicable thereto.

   

  “Sale and Lease-Back Transaction” shall have the meaning
      set forth in Section 10.14.

   

  “S&P” shall mean
      Standard & Poor’s Ratings Services or any successor by merger or consolidation to its business.

   

  “SEC” shall mean the
      Securities and Exchange Commission, any successor thereto and any analogous Governmental Authority.

   

  “Secured Parties”
      shall mean, collectively, (a) the Lenders, (b) the Agents, (c) the beneficiaries of each indemnification obligation undertaken by any Credit Party under the Credit Documents and (d) any permitted successors, indorsees, transferees and assigns of each
      of the foregoing.

   

  “Securities Act”
      shall mean the Securities Act of 1933, as amended, and the rules and regulations promulgated thereunder.

   

  “Securitization” shall have the meaning set forth in Section

        13.08.

   

  “Security Documents”
      shall mean, collectively, the Security Pledge Agreement, the Control Agreements, any Mortgage, the Collateral Assignment Agreement, and each other security agreement or other instrument or document executed and delivered pursuant to Sections 9.09,
      9.10 or 9.12, pursuant to any of the Security Documents, or otherwise to secure any of the Obligations.

   

  “Security Pledge Agreement”
      shall mean the Security Pledge Agreement, dated as of the Closing Date, by and among each Credit Party and the Collateral Agent for the benefit of the Secured Parties, as amended, restated, supplemented or otherwise modified from time to time, and in
      form and substance satisfactory to Collateral Agent.

   

  “Service Agreement”
      shall mean the service agreement(s) to be entered into between a Credit Party and one or more direct or indirect equity holders of Holdings (or Affiliates thereof) in the form provided to the Administrative Agent on or before the Closing Date,
      subject to amendments and modifications that are not adverse to the Secured Parties.

   

  “Software” means any
      and all (i) computer programs, including any and all software implementations of algorithms, models and methodologies, whether in source code or object code, (ii) databases and compilations of data, whether machine readable or otherwise, (iii)
      descriptions, flow-charts and other work product used to design, plan, organize and develop any of the foregoing, screens, user interfaces, report formats, firmware, development tools, templates, menus, buttons and icons and (iv) all documentation,
      including user manuals and other training documentation, related to any of the foregoing.

  
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  “Seller” shall have the meaning set forth in the
      definition of the term “Acquisition Agreement”.

   

  “SOFR” with respect
      to any day means the secured overnight financing rate published for such day by the Federal Reserve Bank of New York, as the administrator of the benchmark, (or a successor administrator) on the Federal Reserve Bank of New York’s Website.

   

  “Solvency Certificate”
      shall mean a solvency certificate, duly executed and delivered by the chief financial officer or other Authorized Officer of the Borrower to the Administrative Agent, substantially in form attached as Exhibit B and reasonably satisfactory to
      the Administrative Agent.

   

  “Solvent” shall
      mean, with respect to any Person, at any date, that (a) the sum of such Person’s debt (including Contingent Liabilities) does not exceed the present fair saleable value, measured on a going-concern basis of such Person’s present assets, (b) such
      Person’s capital is not unreasonably small in relation to its business as contemplated on such date, (c) the present fair salable value of the assets (on a going concern basis) of such Person is greater than the amount that will be required to pay
      the probable liability of the debts (including contingent liabilities) of such Person as they become absolute and matured in the ordinary course and (d) such Person has not incurred and does not intend to incur debts including current obligations
      beyond its ability to pay such debts as they become due in the ordinary course of business. For purposes of this definition, the amount of any Contingent Liability at any time shall be computed as the amount that, in light of all of the facts and
      circumstances existing at such time, represents the amount that can reasonably be expected to become an actual or matured liability (irrespective of whether such contingent liabilities meet the criteria for accrual under Statement of Financial
      Accounting Standard No. 5).

   

  “Specified Acquisition
          Agreement Representations” shall mean such of the representations made by or on behalf of the Seller, the Target, its Subsidiaries or their respective businesses in the Acquisition Agreement as are material to the interests of the
      Lenders, but only to the extent that the Borrower or its applicable Affiliate have the right, pursuant to the Acquisition Agreement, to terminate its obligations under the Acquisition Agreement or to decline to consummate the Acquisition as a result
      of a breach of such representations and warranties in the Acquisition Agreement.

   

  “Specified Event of Default”
      shall mean any Event of Default arising under Section 11.01(a), 11.01(c) (solely as a result of a branch of Section 10.12) or Section 11.01(g).

   

  “Specified Representations”
      shall mean the representations and warranties of the Credit Parties set forth in Sections 8.01, 8.02, 8.03(a), 8.03(c), 8.06, 8.08, 8.09, 8.18, 8.19, 8.27, and 8.28.

   

  “Specified Transaction”
      shall mean, with respect to any period, (a) any Permitted Acquisition or permitted Investment and (b) any Disposition pursuant to Section 10.04.

   

  “Sponsor” shall mean
      San Vicente Parent LLC, a Delaware limited liability company, all of the voting equity of which will, on the Closing Date, be held, directly or indirectly, by Longview Capital LLC, 28th Street Holdings, LLC, Tiga Investments Pte. Ltd. (in each case,
      or their respective Affiliates) and other investors reasonably acceptable to Fortress.

   

  “Subordinated Indebtedness”
      shall mean any Indebtedness of any Credit Party or any Subsidiary of any Credit Party which is subordinated to the Obligations as to right and time of payment and as to other rights and remedies thereunder and having such other terms as are, in each
      case, reasonably satisfactory to the Collateral Agent, including, without limitation, being subject to a subordination agreement on terms and conditions satisfactory to the Collateral Agent.

  
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  “Subsidiary” of any
      Person shall mean and include (a) any corporation, limited liability company or other business entity more than fifty percent (50%) of whose Voting Stock having by the terms thereof power to elect a majority of the directors of such corporation
      (irrespective of whether or not at the time stock of any class or classes of such corporation shall have or might have voting power by reason of the happening of any contingency) is at the time owned by such Person directly or indirectly through
      Subsidiaries and (b) any partnership, association, joint venture or other similar entity in which such Person directly or indirectly through Subsidiaries has more than a fifty percent (50%) equity interest at the time. Unless otherwise expressly
      provided, all references herein to a “Subsidiary” shall mean a Subsidiary of a Credit Party.

   

  “Swap Obligation”
      shall mean, with respect to any Guarantor, any obligation to pay or perform under any agreement, contract or transaction that constitutes a “swap” within the meaning of Section 1a(47) of the Commodity Exchange Act.

   

  “Swap Termination Value”
      shall mean, in respect of any one or more Hedging Agreements, after taking into account the effect of any legally enforceable netting agreement relating to such Hedging Agreements, (a) for any date on or after the date such Hedging Agreements 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 Hedging
      Agreements, as determined based upon one or more mid-market or other readily available quotations provided by any recognized dealer in such Hedging Agreements (which may include a Lender or any Affiliate of a Lender).

   

  “Target” shall have the meaning set forth in the
      definition of the term “Acquisition”.

   

  “Target LLC Conversion”
      shall mean the conversion of Target from a Delaware corporation to a Delaware limited liability company.

   

  “Tax Distribution”
      shall mean, for so long as the Borrower is a member (or disregarded entity of a member) of a consolidated, combined, or similar group for federal, state, or local income tax purposes of which Holdings (or any direct or indirect parent company of
      Holdings) is the parent, or Borrower is (or is a disregarded entity of) a partnership for federal, state or local income tax purpose, distributions to Holdings to pay (or to make distributions to any such direct or indirect parent companies or
      members of Holdings to pay) tax liabilities of such consolidated, combined, or similar group or members, after utilizing any available losses or deductions (in each case, to the extent such tax liabilities are attributable solely to the Borrower and
      its Restricted Subsidiaries and not to exceed the amount that would have been payable by Borrower and/or its applicable Restricted Subsidiaries in respect of such taxes had they been a stand-alone corporate taxpayer or a stand-alone corporate tax
      group).

   

  “Taxes” shall mean
      all taxes, duties, levies, imposts, charges, assessments, fees, deductions or withholdings (including backup withholding), in each case, that are in the nature of a tax, now or hereafter imposed, enacted, levied, collected, withheld or assessed by
      any Governmental Authority, and all interest, penalties or similar liabilities with respect thereto.

   

  “Term Loan” shall have the meaning set forth in Section

        2.01(a).

  
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  “Term Loan Commitment”
      shall mean, (a) in the case of each Lender that is a Lender on the date hereof, the amount set forth opposite such Lender’s name on Schedule 1.01(a) as such Lender’s “Term Loan Commitment” and (b) in the case of any Lender that becomes a
      Lender after the date hereof, the amount specified as such Lender’s “Term Loan Commitment” in the Assignment and Acceptance pursuant to which such Lender assumed a portion of the Total Term Loan Commitment, in each case as the same may be changed
      from time to time pursuant to the terms hereof. On and after the Amendment No. 2 Effective Date, the Term Loan Commitments shall include the 2022 Supplemental Term Commitments.

   

  “Term Loan Commitment Expiration Date” shall mean the
      Closing Date.

   

  “Term Loan Facility”
      shall have the meaning set forth in the recitals to this Agreement; provided, that on and after the Amendment No. 2 Effective Date, the Term Loan Facility shall include the 2022
        Supplemental Term Facility.

   

  “Term Loan Percentage”
      shall mean at any time, for each Lender, the percentage obtained by dividing (a) the sum of such Lender’s (x) aggregate principal amount of Term Loans outstanding and (y) unfunded and unexpired Term Loan Commitments by (b) the sum of (x) the
      aggregate principal amount of Term Loans outstanding and (y) the aggregate amount of unfunded and unexpired Term Loan Commitments.

   

  “Term Loan Repayment Amount” shall have the meaning set
      forth in Section 2.05(b).

   

  “Term Loan Repayment Date” shall have the meaning set
      forth in Section 2.05(b).

   

  “Term SOFR” means
      the forward-looking term rate based on SOFR that has been selected or recommended by the Relevant Governmental Body.

   

  “Test Period” shall
      mean, for any date of determination under this Agreement, as applicable, the four (4) consecutive fiscal quarters of Holdings most recently ended with respect to which the Administrative Agent has received (or was required to have received) certified
      financial statements pursuant to Section 9.01 as of such date of determination.

   

  “Total Commitment” shall mean the sum of the Term Loan
      Commitment.

   

  “Total Consideration”
      shall mean (without duplication), with respect to a Permitted Acquisition, the result of (which amount shall not be less than zero dollars ($0)):

   

  		(a)	the sum of:

   

  (i)         cash paid as
      consideration to the seller in connection with such Permitted Acquisition,

   

  (ii)        the amount of Indebtedness for borrowed
      money assumed in connection with such Permitted Acquisition,

   

  (iii)       the present value of
      future payments which are required to be made over a period of time to the seller and are not contingent upon Holdings or any of its Subsidiaries meeting financial or other performance objectives (exclusive of salaries paid in the ordinary course of
      business) (discounted at the Index Rate), and

  
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  (iv)       Earn-Outs (to the extent such obligations
      cease to be contingent in respect of the amount that is payable), minus

   

  		(b)	the sum of:

   

  (i)          the aggregate
      principal amount of prior equity contributions (which are not Disqualified Capital Stock) made directly or indirectly to, or prior equity issuances (which are not Disqualified Capital Stock) by Holdings or any direct or indirect parent thereof, the
      proceeds of which are used substantially concurrently to fund all or a portion of the cash purchase price (including deferred payments) of such Permitted Acquisition, and

   

  (ii)        any cash and Cash
      Equivalents on the balance sheet of the Acquired Entity acquired as part of the applicable Permitted Acquisition (to the extent such Acquired Entity becomes a Guarantor and complies with the requirements of Section 9.09) or as part of the
      property and assets acquired by a Credit Party;

   

  provided, that Total Consideration shall not
      be deemed to include any consideration or payment (x) paid by Holdings or its Subsidiaries directly in the form of equity interests (that are not Disqualified Capital Stock) of Holdings or any direct or indirect parent thereof or as rollover equity,
      or (y) funded by cash and Cash Equivalents generated by any Subsidiary that is not a Guarantor. For the avoidance of doubt, no acquisition fees, costs or expenses incurred in connection with such Permitted Acquisition shall be included in the
      determination of Total Consideration. If any cash on the balance sheet of a foreign Acquired Entity is paid or distributed to its direct or indirect shareholders, in part, as acquisition consideration in connection with a Permitted Acquisition, then
      the amount that is included in the Total Consideration calculation shall be reduced by such cash amount distributed or paid.

   

  “Total Credit Exposure”
      shall mean, as of any date of determination (a) with respect to each Lender, (i) prior to the termination of the Commitments, the sum of such Lender’s Total Commitment plus such Lender’s Term Loans or (ii) upon the termination of the
      Commitments, the sum of such Lender’s Term Loans and (b) with respect to all Lenders, (i) prior to the termination of the Commitments, the sum of all of the Lenders’ Total Commitments plus all Term Loans and (ii) upon the termination of the
      Commitments, the sum of all Lenders’ Term Loans.

   

  “Total Funded Indebtedness”
      shall mean, as of the date of any determination, the principal amount of Indebtedness outstanding on such date, consisting only of (i) Indebtedness for borrowed money, (ii) Capitalized Lease Obligations, (iii) Indebtedness evidenced by bonds,
      debentures, notes or similar instruments, (iv) unreimbursed drawings under letters of credit, in each case, of Holdings, the Borrower and its Subsidiaries on a consolidated basis, (v) any Indebtedness of other Persons to the extent secured by assets
      owned by Holdings, the Borrower and its Subsidiaries and (vi) guarantees by Holdings, the Borrower and its Subsidiaries in respect of the foregoing obligations.

   

  “Total Leverage Ratio”
      shall mean, as of the date of any determination, the ratio of (a) Total Funded Indebtedness of Holdings, the Borrower and its Subsidiaries as of such date to (b) Consolidated EBITDA for the most recently ended Test Period. For the purposes of such
      determination, Consolidated EBITDA shall include the Consolidated EBITDA (calculated mutatis mutandis) of the Target and its Subsidiaries for any period prior to the Closing Date that is included in a Test Period.

   

  “Total Term Loan Commitment”
      shall mean the sum of the Term Loan Commitments. On the Closing Date, the Total Term Loan Commitment shall be $192,000,000 as set forth on Schedule 1.01(a). On the Amendment
          No. 2 Effective Date, the Total Term Loan Commitment shall be $252,000,000.

  
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  “Transaction Documents” shall mean each of the documents executed and/or delivered in
    connection with the Transactions, including without limitation, the Credit Documents.

   

  “Transactions” shall mean, collectively, the execution, delivery and performance of the Credit
    Documents and the initial Borrowings hereunder, the consummation of the Acquisition and the related transactions described on Annex A hereto (including the Target LLC Conversion) in accordance with the terms of the Acquisition Agreement and the payment
    of all fees, costs and expenses to be paid on or prior to the Closing Date and owing in connection with the foregoing and to effect the transaction set forth in Section 9.11(a) and (b).

   

  “Type” shall mean, as to any Loan, its nature as an Index Rate Loan or LIBOR Rate Loan.

   

  “UCC” shall mean the Uniform Commercial Code as from time to time in effect in the State of
    New York.

   

  “Unadjusted Benchmark Replacement” means the Benchmark Replacement excluding the Benchmark
    Replacement Adjustment.

   

  “Unasserted Contingent Obligations” shall have the meaning given to such term in the Security
    Pledge Agreement.

   

  “Unfunded Current Liability” of any Pension Plan shall mean the amount, if any, by which the
    present value of the accrued benefits under the Pension Plan as of the close of its most recent plan year, determined based upon the actuarial assumptions used by the Pension Plan’s actuary for purposes of determining the minimum required contributions
    to the Pension Plan as set forth in the Pension Plan’s actuarial report for such plan year, exceeded the fair market value of the assets allocable thereto as determined for purposes of the Pension Plan’s minimum funding requirements as set forth in
    such report.

   

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

   

  “Voting Stock” shall mean, with respect to any Person, shares of such Person’s Capital Stock
    having the right to vote for the election of directors (or Persons acting in a comparable capacity) of such Person under ordinary circumstances (other than Capital Stock or other interests having such power only by reason of the happening of a
    contingency where such contingency has not yet occurred).

   

  “Wholly-Owned Subsidiary” of a Person shall mean any Subsidiary of such Person, all of the
    Capital Stock of which (other than directors’ qualifying shares required by law) are owned by such Person, either directly or through one or more Wholly-Owned Subsidiaries of such Person.

   

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

   

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

   

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

   

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

   

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

   

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

   

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

   

  (f)             Any reference herein to any person shall be construed to
    include such person’s successors and assigns (subject to any restrictions on assignments set forth herein).

   

  (g)            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”.

   

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

   

  (i)             All references to the knowledge of any Credit Party or
    facts known by any Credit Party shall mean actual knowledge of any Authorized Officer of such Person.

   

  (j)             Any Authorized Officer executing any Credit Document
    or any certificate or other document made or delivered pursuant hereto or thereto on behalf of a Credit Party, so executes or certifies in his/her capacity as an Authorized Officer on behalf of the applicable Credit Party and not in any individual
    capacity.

   

  (k)            In determining the amount of any Obligations not
    originally denominated in Dollars, the Administrative Agent may make such currency conversion calculations as are necessary utilizing any exchange rate quotation employed by the Administrative Agent in the ordinary course of its business.

   

  Section 1.03         Accounting Terms. 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, the Accounting Principles, applied in a manner consistent with that used in preparing the Historical Financial Statements, except as otherwise permitted herein. In addition, the financial ratios and all related definitions set forth in the Credit
    Documents shall exclude the application of ASC 815, ASC 480 or ASC 718 and ASC 505-50 (to the extent that the pronouncements in ASC 718 or ASC 505-50 result in recording an equity award as a liability on the consolidated balance sheet of Holdings and
    its Subsidiaries and the treatment of any dividend accruals thereon as interest expense in the circumstance where, but for the application of the pronouncements, such award would have been classified as equity and such interest expense as dividends).

   

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

   

  
    40

    
      
 

  

   

  Section 1.05        References

        to Agreements, Laws, etc. Unless otherwise expressly provided herein, (a) references to Organization Documents, agreements (including the Credit Documents) and other Contractual Obligations shall be deemed to include all subsequent amendments,
      restatements, amendment and restatements, extensions, renewals, replacements, refinancings, supplements and other modifications thereto, but only to the extent that such amendments, restatements, amendment and restatements, extensions, renewals,
      replacements, refinancings, supplements and other modifications are not prohibited by any Credit Document; and (b) references to any Applicable Law shall include all statutory and regulatory provisions consolidating, amending, replacing,
      supplementing or interpreting such Applicable Law.

   

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

   

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

   

  Section 1.08         Corporate Terminology. Any reference to
    officers, shareholders, stock, shares, directors, boards of directors, corporate authority, articles of incorporation, bylaws or any other such references to matters relating to a corporation made herein or in any other Credit Document with respect to
    a Person that is not a corporation shall mean and be references to the comparable terms used with respect to such Person.

   

  ARTICLE II

   

  Amount and Terms of the Credit Facility

   

  Section 2.01         Loans.

   

  (a)            Term Loans. Subject to and upon the terms and
    conditions herein set forth, each Lender severally agrees to make a loan or loans (each such Term Loan a “Term Loan” and collectively as the “Term Loans”) in the amount set forth opposite such Lender’s name on Schedule
      1.01(a) to the Borrower, which Term Loans (i) shall not exceed, for any such Lender, the Term Loan Commitment of such Lender, (ii) shall not exceed, in the aggregate, the Total Term Loan Commitment, (iii) shall be made on the Closing Date, (iv)
    may, at the option of the Borrower, be incurred and maintained as, and/or converted into, Index Rate Loans or LIBOR Rate Loans; provided, that all such Term Loans made by each of the Lenders pursuant to the same Borrowing shall, unless
    otherwise specifically provided herein, consist entirely of Term Loans of the same Type, and (v) may be repaid or prepaid in accordance with the provisions hereof (subject to the Applicable Prepayment Premium), but once repaid or prepaid may not be
    reborrowed; provided, further, that notwithstanding the foregoing, on and after the Amendment No. 2 Effective Date, “Term Loans” shall include the 2022 Supplemental Term Loans.

   

  (b)            LIBOR Rate Loans. Each Lender, may at its option,
    make any LIBOR Rate Loan by causing any domestic or foreign branch or Affiliate of such Lender to make such LIBOR Rate Loan; provided, that (i) any exercise of such option shall not affect the obligation of the Borrower to repay such LIBOR Rate
    Loan and (ii) in exercising such option, such Lender shall use its reasonable efforts to minimize any increased costs to the Borrower resulting therefrom (which obligation of the Lender shall not require it to take, or refrain from taking, actions that
    it determines would result in increased costs for which it will not be compensated hereunder or that it determines would be otherwise disadvantageous to it)

   

  
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  Section 2.02         Maximum Number of Borrowings. At no time
    shall there be outstanding more than six (6) Borrowings of LIBOR Rate Loans under this Agreement.

   

  Section 2.03         Notice of Borrowing. The Borrower shall
    give the Administrative Agent prior written notice (i) prior to 1:00 p.m. (New York time) at least three (3) Business Days prior to each Borrowing of Term Loans which are to be initially LIBOR Rate Loans (or such shorter period as the Administrative
    Agent may agree in the case of the Borrowing of Term Loans on the Closing Date or the Amendment No. 2 Effective Date), and (ii) prior to 12:00 noon (New York time) at least
    three (3) Business Days prior to each Borrowing of Term Loans which are to be Index Rate Loans. Such notice in the form of Exhibit E (a “Notice of Borrowing”), except as otherwise expressly provided in Section 2.10, shall
    be irrevocable and shall specify (A) the aggregate principal amount of the Term Loans to be made, (B) the date of the Borrowing (which shall be, in the case of the Initial
    Term Loans, the Closing Date or, in the case of the 2022 Supplemental Term Loans, the Amendment No. 2 Effective Date) and (C) whether the Term Loans shall consist of Index
    Rate Loans and/or LIBOR Rate Loans and, if the Term Loans are to include LIBOR Rate Loans, the LIBOR Period to be initially applicable thereto. The Administrative Agent shall promptly give each Lender written notice (or telephonic notice promptly
    confirmed in writing) of each proposed Borrowing of Term Loans, of such Lender’s proportionate share thereof and of the other matters covered by the related Notice of Borrowing.

   

  Section 2.04         Disbursement of Funds. (a)
      [Reserved].

   

  (b)            Each Lender shall make available all amounts it is to
    fund to the Borrower under any Borrowing, in immediately available funds to the Administrative Agent, and the Administrative Agent will make available to the Borrower, by depositing in an account designated by the Borrower to the Administrative Agent
    in writing, the aggregate of the amounts so made available in Dollars. Unless the Administrative Agent shall have been notified by any Lender prior to the date of any Borrowing that such Lender does not intend to make available to the Administrative
    Agent its portion of the Borrowing or Borrowings to be made on such date, the Administrative Agent may assume that such Lender has made such amount available to the Administrative Agent on such date of Borrowing, and the Administrative Agent, in
    reliance upon such assumption, may (in its sole discretion and without any obligation to do so) make available to the Borrower a corresponding amount. If such corresponding amount is not in fact made available to the Administrative Agent by such Lender
    and the Administrative Agent has made available the same to the Borrower, the Administrative Agent shall be entitled to recover such corresponding amount from such Lender. If such Lender does not pay such corresponding amount forthwith upon the
    Administrative Agent’s demand therefor, the Administrative Agent shall promptly notify the Borrower, and the Borrower shall promptly pay such corresponding amount to the Administrative Agent. The Administrative Agent shall also be entitled to recover
    from such Lender or the Borrower, as the case may be, interest on such corresponding amount in respect of each day from the date such corresponding amount was made available by the Administrative Agent to the Borrower, to the date such corresponding
    amount is recovered by the Administrative Agent, at a rate per annum equal to (i) if paid by such Lender, the Federal Funds Rate or (ii) if paid by the Borrower, the then-applicable rate of interest, calculated in accordance with Section 2.08,
    applicable to Index Rate Loans. If the Borrower and such Lender shall pay interest to the Administrative Agent for the same (or a portion of the same) period, the Administrative Agent shall promptly remit to the Borrower the amount of such interest
    paid by the Borrower for such period.

   

  (c)            Nothing in this Section 2.04 shall be deemed to
    relieve any Lender from its obligation to fulfill its commitments hereunder or to prejudice any rights that the Borrower may have against any Lender as a result of any default by such Lender hereunder (it being understood, however, that no Lender shall
    be responsible for the failure of any other Lender to fulfill its commitments hereunder).

   

  
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  Section 2.05         Payment of Loans; Evidence of Debt.

   

  (a)            [Reserved].

   

  (b)            Term Loans. The Borrower agrees to pay to the
    Administrative Agent, for the benefit of the Lenders of the Term Loans, (i) the Bridge Amortization payment (together with the Applicable Prepayment Premium), and (ii) (A) with respect
        to the Initial Term Loans, beginning on March 31, 2021 and on the last day of each calendar quarter thereafter (other than June 30, 2022) and (B) with respect to the 2022
        Supplemental Term Loans, beginning on September 30, 2022 and on the last day of each calendar quarter thereafter (each, a “Term Loan Repayment Date”), an amount equal to 0.50% of the original principal amount of theall then outstanding Term Loan on the Closing DateLoans (as the same may be adjusted from time to time pursuant to Section 5.04, each a “Term Loan Repayment Amount”). The Borrower agrees to pay to the
    Administrative Agent, for the benefit of the applicable Lenders, on the Maturity Date, all then outstanding Term Loans. For the avoidance of doubt, no amounts repaid on the Term Loans pursuant to this Section 2.05(b) may be reborrowed.

   

  (c)           [Reserved].

   

  (d)            Each Lender shall maintain in accordance with its usual
    practice an account or accounts evidencing the Indebtedness of the Borrower to the appropriate lending office of such Lender resulting from each Loan made by such lending office of such Lender from time to time, including the amounts of principal and
    interest payable and paid to such lending office of such Lender from time to time under this Agreement.

   

  (e)            The Borrower agrees that from time to time on and after
    the Closing Date, upon the request to any Agent by any Lender, at the Borrower’s own expense, the Borrower will execute and deliver to such Lender a Note, evidencing the Loans made by, and payable to such Lender or its registered assigns in a maximum
    principal amount equal to such Lender’s share of the outstanding principal amount of the Term Loans. The Borrower hereby irrevocably authorizes each Lender to make (or cause to be made) appropriate notations on the grid attached to such Lender’s Note
    (or on any continuation of such grid), which notations, if made, shall evidence, inter alia, the date of, the outstanding principal amount of, and the interest rate and LIBOR Period applicable to, the Loans evidenced thereby. Such notations
    shall, to the extent not inconsistent with notations made by the Administrative Agent in the Register, be conclusive and binding on each Credit Party absent manifest error; provided, that the failure of any Lender to make any such notations
    shall not limit or otherwise affect any Obligations of any Credit Party. The Administrative Agent shall maintain the Register pursuant to Section 13.06(b)(iv), and a subaccount for each Lender, in which Register and subaccounts (taken together)
    shall be recorded (i) the amount of each Loan made hereunder, the Type of each Loan made and the LIBOR Period applicable thereto, (ii) the amount of any principal or interest due and payable or to become due and payable from the Borrower to each Lender
    and its registered assigns hereunder and (iii) the amount of any sum received by any Agent from the Borrower and each Lender’s and/or its registered assigns’ share thereof. 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.

   

  (f)             The entries made in the Register and accounts and
    subaccounts maintained pursuant to paragraphs (d) and (e) of this Section 2.05 shall, to the extent permitted by Applicable Law, be prima facie evidence of the existence and amounts of the obligations of the Borrower therein recorded; provided,
    that the failure of any Lender or any Agent to maintain such account, such Register or such subaccount, as applicable, or any error therein, shall not in any manner affect the obligation of the Borrower to repay (with applicable interest) the Loans
    made to the Borrower by such Lender in accordance with the terms of this Agreement.

   

  
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  Section 2.06         Conversions and Continuations. (a) The
    Borrower shall have the option on any Business Day to convert all or a portion equal to at least the Minimum Borrowing Amount of the outstanding principal amount of Term Loans of one Type into a Borrowing or Borrowings of another Type and the Borrower
    shall have the option on any Business Day to continue the outstanding principal amount of any LIBOR Rate Loans as LIBOR Rate Loans, for an additional LIBOR Period; provided, that (i) no partial conversion of LIBOR Rate Loans shall reduce the
    outstanding principal amount of LIBOR Rate Loans made pursuant to a single Borrowing to less than the Minimum Borrowing Amount, (ii) Index Rate Loans may not be converted into LIBOR Rate Loans if an Event of Default is in existence on the date of the
    proposed conversion and the Administrative Agent has, or the Required Lenders in respect of the Credit Facility have, determined in its or their sole discretion not to permit such conversion, (iii) LIBOR Rate Loans may not be continued as LIBOR Rate
    Loans if an Event of Default is in existence on the date of the proposed continuation and the Administrative Agent has, or the Required Lenders in respect of the Credit Facility have, determined in its or their sole discretion not to permit such
    continuation and (iv) Borrowings resulting from conversions pursuant to this Section 2.06 shall be limited in number as provided in Section 2.02. Each such conversion or continuation shall be effected by the Borrower by giving the
    Administrative Agent written notice prior to 1:00 p.m. (New York time) at least three (3) Business Days (or one (1) Business Day in the case of a conversion into Index Rate Loans) (and in either case on not more than ten (10)  Business Days) prior to
    such proposed conversion or continuation, in the form of Exhibit F (each, a “Notice of Conversion or Continuation”) specifying the Loans to be so converted or continued, the Type of Loans to be converted or continued into and, if
    such Loans are to be converted into or continued as LIBOR Rate Loans, the LIBOR Period to be initially applicable thereto. The Administrative Agent shall give the Collateral Agent and each Lender notice as promptly as practicable of any such proposed
    conversion or continuation affecting any of its Loans.

   

  (b)            If any Event of Default is in existence at the time of
    any proposed continuation of any LIBOR Rate Loans and the Administrative Agent has, or the Required Lenders have, determined in its or their sole discretion not to permit such continuation, such LIBOR Rate Loans shall be automatically converted on the
    last day of the current LIBOR Period into Index Rate Loans effective as of the expiration date of such current LIBOR Period. If, upon the expiration of any LIBOR Period in respect of LIBOR Rate Loans, the Borrower has failed to elect a new LIBOR Period
    to be applicable thereto as provided in Section 2.06(a), the Borrower shall be deemed to have elected to continue such Borrowing of LIBOR Rate Loans as of the expiration date of such current LIBOR Period with the same LIBOR Period.

   

  Section 2.07        Pro Rata Borrowings. Each Borrowing of Term
    Loans under this Agreement shall be granted by the Lenders pro rata on the basis of their then-applicable Term Loan Commitments. It is understood that no Lender shall be responsible for any default by any other Lender in its obligation to make
    Loans hereunder and that each Lender shall be obligated to make the Loans provided to be made by it hereunder, regardless of the failure of any other Lender to fulfill its commitments hereunder.

   

  Section 2.08         Interest. (a) The unpaid principal amount
    of each Term Loan that is an Index Rate Loan shall bear interest from the date of the Borrowing thereof at a rate per annum that shall at all times be the Applicable Margin plus the Index Rate in effect from time to time.

   

  (b)            The unpaid principal amount of each Term Loan that is a
    LIBOR Rate Loan shall bear interest from the date of the Borrowing thereof until maturity thereof at a rate per annum that shall at all times be the Applicable Margin in effect from time to time plus the relevant LIBOR Rate.

   

  
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  (c)            Automatically from and after the occurrence of an Event
    of Default , the Borrower shall pay interest (i) on the outstanding principal amount of all Loans and all other unpaid amounts of the Obligations to the extent permitted by Applicable Law, at the rate described in Section 2.08(a) or Section
      2.08(b), as applicable, plus two (2) percentage points (2%) per annum, and (ii) on any fees in connection with the facilities hereunder (after giving effect to any applicable grace period) to the extent permitted by Applicable Law, plus
    two (2) percentage points (2%) per annum in excess of the rate otherwise applicable to Index Rate Loans. All such interest shall be payable on demand and in immediately available funds.

   

  (d)            Interest on each Loan shall accrue from and including the
    date of any Borrowing to but excluding the date of any repayment or prepayment thereof and shall be payable in respect of each Loan quarterly in arrears on the last day of each March, June, September and December, beginning with the quarter during
    which the Closing Date occurs, on the date of prepayment thereof (on the amount prepaid), at maturity (whether by acceleration or otherwise) and, after such maturity, on demand.

   

  (e)            All computations of interest hereunder shall be made in
    accordance with Section 5.05.

   

  (f)            The Administrative Agent, upon determining the interest
    rate for any Borrowing of LIBOR Rate Loans, shall promptly notify the Borrower and the relevant Lenders thereof. Each such determination shall, absent clearly demonstrable error, be final and conclusive and binding on all parties hereto.

   

  Section 2.09        LIBOR Periods. At the time the Borrower
    gives a Notice of Borrowing or a Notice of Conversion or Continuation in respect of the making of, or conversion into or continuation as, a Borrowing of LIBOR Rate Loans (in the case of the initial LIBOR Period applicable thereto) or prior to 1:00 p.m.
    (New York time) on the third (3rd) Business Day (and in any event, on not more than ten (10) Business Days’ notice) prior to the expiration of an LIBOR Period applicable
    to a Borrowing of LIBOR Rate Loans, the Borrower shall have, by giving the Administrative Agent written notice the right to elect the LIBOR Period applicable to such Borrowing, which LIBOR Period shall, at the option of the Borrower, be a one, two,
    three or six month period (or, if available to all relevant affected Lenders, a twelve month period or a shorter period):

   

  (a)            the initial LIBOR Period for any Borrowing of LIBOR Rate
    Loans shall commence on the date of such Borrowing (including the date of any conversion from a Borrowing of Index Rate Loans) and each LIBOR Period occurring thereafter in respect of such Borrowing shall commence on the day on which the immediately
    preceding LIBOR Period expires;

   

  (b)            the initial LIBOR Period for the Borrowing of LIBOR Rate Loans on the Closing
    Date shall be a period that ends on June 30, 2020;

   

  (c)            if any LIBOR Period relating to a Borrowing of LIBOR Rate
    Loans begins on the last Business Day of a calendar month or begins on a day for which there is no numerically corresponding day in the calendar month at the end of such LIBOR Period, such LIBOR Period shall end on the last Business Day of the calendar
    month at the end of such LIBOR Period;

   

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

   

  
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  (e)          the Borrower shall be entitled to elect a LIBOR Period (of
    greater than one week and less than six months) in respect of any LIBOR Rate Loan in order for such LIBOR Period to end on (i) a Term Loan Repayment Date, or (ii) an anniversary of the Closing Date (or if such anniversary is not a Business Day, the
    preceding Business Day); and

   

  (f)           the Borrower shall not be entitled to elect any LIBOR
    Period in respect of any LIBOR Rate Loan if such LIBOR Period would extend beyond the applicable Maturity Date of such Loan.

   

  Section 2.10          Increased Costs, Illegality, Unavailability or
      Inadequacy of LIBOR, etc. (a) In the event that (x) in the case of clause (i) below, the Administrative Agent or (y) in the case of clauses (ii) and (iii) below, any Recipient, in each case, shall have reasonably determined:

   

  (i)             on any date for determining the LIBOR Rate for any LIBOR
    Period that (A) deposits in the principal amounts of the Loans comprising any LIBOR Rate Loan are not generally available in the relevant market or (B) by reason of any changes arising on or after the Closing Date affecting the London interbank market,
    adequate and fair means do not exist for ascertaining the applicable interest rate on the basis provided for in the definition of LIBOR Rate; or

   

  (ii)            at any time that a Change in Law causes such Recipient to
    incur increased costs or reductions in the amounts received or receivable hereunder with respect to any loans, loan principal, letters of credit, commitments, or other obligations, or its deposits, reserves, other liabilities or capital attributable
    thereto (other than any such increase or reduction attributable to Taxes described in clauses (b) through (d) of the definition of Excluded Taxes, Connection Income Taxes or Non-Excluded Taxes); or

   

  (iii)           at any time that the making or continuance of any LIBOR
    Rate Loan has become (A) due to a Change in Law, unlawful under any Applicable Law (or would conflict with any such Applicable Law not having the force of law even though the failure to comply therewith would not be unlawful), or (B) impracticable as a
    result of a contingency occurring after the Closing Date that materially and adversely affects the London interbank market, then, and in any such event, such Lender (or the Administrative Agent, in the case of clause (i) above) shall promptly give
    notice to the Borrower and the Administrative Agent of such determination (which notice the Administrative Agent shall promptly transmit to each of the other Lenders). Thereafter, subject to terms and conditions of Section 2.12, (A) in the case of
    clause (i) above, LIBOR Rate Loans shall no longer be available until such time as the Administrative Agent notifies the Borrower, the Collateral Agent and the Lenders that the circumstances giving rise to such notice by the Administrative Agent no
    longer exist, and any Notice of Borrowing or Notice of Conversion or Continuation given by the Borrower with respect to LIBOR Rate Loans that have not yet been incurred shall be ineffective and such LIBOR Rate Loans shall be converted to Index Rate
    Loans on the last day of the interest period applicable thereto, (B) in the case of clause (ii) above, the Borrower shall pay to such Lender, within five (5) days after receipt of written demand therefor, such additional amounts (in the form of an
    increased rate of, or a different method of calculating, interest or otherwise as such Lender in its reasonable discretion shall determine) as shall be required to compensate such Lender for such increased costs or reductions in amounts receivable
    hereunder (it being agreed that a written notice as to the additional amounts owed to such Lender, showing in reasonable detail the basis for the calculation thereof, submitted to the Borrower by such Lender shall, absent clearly demonstrable error, be
    final and conclusive and binding upon all parties hereto) and (C) in the case of clause (iii) above, the Borrower shall take one of the actions specified in Section 2.10(b) as promptly as possible and, in any event, within the time period
    required by law.

   

  
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  (b)            At any time that any LIBOR Rate Loan is affected by the
    circumstances described in (i) Section 2.10(a)(ii), the Borrower may either (A) if the affected LIBOR Rate Loan is then being made pursuant to a Borrowing, cancel said Borrowing by giving the Administrative Agent written notice thereof on the
    same date that the Borrower was notified by a Lender pursuant to Section 2.10(a)(ii) or (B) if the affected LIBOR Rate Loan is then outstanding, upon at least three (3) Business Days’ notice to the Administrative Agent, require the affected
    Lender to convert each such LIBOR Rate Loan into an Index Rate Loan at the end of the applicable LIBOR Period for such LIBOR Rate Loans; provided, that if more than one (1) Lender is so affected at any time, then all affected Lenders must be
    treated in the same manner pursuant to this Section 2.10(b) or (ii) Section 2.10(a)(iii), (A) if the affected LIBOR Rate Loan is then being made pursuant to a Borrowing, such Borrowing shall automatically be deemed cancelled and
    rescinded and (B) if the affected LIBOR Rate Loan is then outstanding, each such LIBOR Rate Loan shall automatically be converted into an Index Rate Loan at the end of the applicable LIBOR Period for such LIBOR Rate Loans; provided, that if
    more than one (1) Lender is affected at any time, then all affected Lenders must be treated in the same manner pursuant to this Section 2.10(b).

   

  (c)            If, after the later of the Closing Date, and the date
    such entity becomes a Lender hereunder, the adoption of any Applicable Law regarding capital adequacy, or any change therein, or any change in the interpretation or administration thereof by any Governmental Authority, central bank or comparable agency
    charged with the interpretation or administration thereof, or compliance by a Lender or its parent with any request or directive made or adopted after such date regarding capital adequacy (whether or not having the force of law) of any such authority,
    association, central bank or comparable agency, has the effect of reducing the rate of return on such Lender’s or its parent’s capital or assets as a consequence of such Lender’s commitments or obligations hereunder to a level below that which such
    Lender or its parent could have achieved but for such adoption, effectiveness, change or compliance (taking into consideration such Lender’s or its parent’s policies with respect to capital adequacy), then within five (5)  days after demand by such
    Lender (with a copy to the Administrative Agent), the Borrower shall pay to such Lender such additional amount or amounts as will compensate such Lender or its parent for such reduction, it being understood and agreed, however, that a Lender shall not
    be entitled to such compensation as a result of such Lender’s compliance with, or pursuant to any request or directive to comply with, any such Applicable Law as in effect on the Closing Date or the date such entity becomes a Lender hereunder, as the
    case may be. Each Lender (on its own behalf), upon determining in good faith that any additional amounts will be payable pursuant to this Section 2.10(c), will, as promptly as practicable upon ascertaining knowledge thereof, give written notice
    thereof to the Borrower, which notice shall set forth in reasonable detail the basis of the calculation of such additional amounts. The failure to give any such notice, with respect to a particular event, within the time frame specified in Section
      2.13, shall not release or diminish any of the Borrower’s obligations to pay additional amounts pursuant to this Section 2.10(c) for amounts accrued or incurred after the date of such notice with respect to such event.

   

  Section 2.11         Compensation. If (a) any payment of
    principal of a LIBOR Rate Loan is made by the Borrower to or for the account of a Lender other than on the last day of the LIBOR Period for such LIBOR Rate Loan as a result of a payment or conversion pursuant to Sections 2.05, 2.06, 2.10,
    4.01 or 4.02, as a result of acceleration of the maturity of the Loans pursuant to Article XI or for any other reason, (b) any Borrowing of LIBOR Rate Loans is not made as a result of a withdrawn Notice of Borrowing (except with respect
    to a revocation as provided in Section 2.10), (c) any Index Rate Loan is not converted into a LIBOR Rate Loan as a result of a withdrawn Notice of Conversion or Continuation, (d) any LIBOR Rate Loan is not continued as a LIBOR Rate Loan as a
    result of a withdrawn Notice of Conversion or Continuation or (e) any prepayment of principal of a LIBOR Rate Loan is not made as a result of a withdrawn notice of prepayment pursuant to Sections 5.01 or 5.02, the Borrower shall, after
    receipt of a written request by such Lender (which request shall set forth in reasonable detail the basis for requesting such amount), pay to the Administrative Agent for the account of such Lender any amounts required to compensate such Lender for any
    additional losses, costs or expenses that such Lender may reasonably incur as a result of such payment, failure to convert, failure to continue, failure to prepay, reduction or failure to reduce, including any loss, cost or expense (excluding loss of
    anticipated profits) actually incurred by reason of the liquidation or reemployment of deposits or other funds acquired by such Lender to fund or maintain such LIBOR Rate Loan. For purposes of calculating amounts payable by the Borrower to the Lenders
    under this Section 2.11, (i) in the case of any payment referred to in clause (a) above, such losses, costs and expenses shall exclude the Applicable Margin and shall take into account the amount such Lender would be able to obtain by placing
    an amount equal to such payment on deposit with a leading bank for a period starting on the Business Day following receipt and ending on the last day of the LIBOR Period, and (ii) each Lender shall be deemed to have funded each LIBOR Rate Loan made by
    it at the LIBOR Rate for such LIBOR Rate Loan by a matching deposit or other borrowing in the London interbank market for a comparable amount and for a comparable period, whether or not such LIBOR Rate Loan was in fact so funded, and if such LIBOR Rate
    is 1.50% due to the operation of the proviso in the definition of LIBOR Rate that the LIBOR Rate shall in no case be less than 1.50%, the rate at which repaid funds or deposits may be deployed shall be deemed to be 1.50% and there shall be deemed to be
    no further losses, costs or expenses by reason of redeployment or deposit of such funds.

   

  
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  Section 2.12        Benchmark Replacement.(a) Notwithstanding
    anything to the contrary herein or in any other Credit Document, upon the occurrence of a Benchmark Transition Event or an Early Opt-in Election, as applicable, the Administrative Agent and the Borrower may amend this Agreement to replace the LIBOR
    Rate with a Benchmark Replacement. Any such amendment with respect to a Benchmark Transition Event will become effective at 5:00 p.m. (New York time) on the fifth (5th) Business Day after the Administrative Agent has posted such proposed amendment to
    all Lenders and the Borrower so long as the Administrative Agent has not received, by such time, written notice of objection to such amendment from Lenders comprising the Required Lenders. Any such amendment with respect to an Early Opt-in Election
    will become effective on the date that Lenders comprising the Required Lenders have delivered to the Administrative Agent written notice that such Required Lenders accept such amendment. No replacement of LIBOR with a Benchmark Replacement pursuant to
    this Section 2.12 will occur prior to the applicable Benchmark Transition Start Date.

   

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

   

  (c)            Notices; Standards for Decisions and Determinations.
    The Administrative Agent shall promptly notify the Borrower and the Lenders of (i) any occurrence of a Benchmark Transition Event or an Early Opt-in Election, as applicable, and its related Benchmark Replacement Date and Benchmark Transition Start
    Date, (ii) the implementation of any Benchmark Replacement, (iii) the effectiveness of any Benchmark Replacement Conforming Changes and (iv) the commencement or conclusion of any Benchmark Unavailability Period. Any determination, decision or election
    that may be made by the Administrative Agent or Lenders pursuant to this Section 2.12, including any determination with respect to a tenor, rate or adjustment or of the occurrence or non-occurrence of an event, circumstance or date and any
    decision to take or refrain from taking any action, will be conclusive and binding absent manifest error and may be made in its or their sole discretion and without consent from any other party hereto, except, in each case, as expressly required
    pursuant to this Section 2.12.

   

  (d)            Benchmark Unavailability Period. Upon the
    Borrower’s receipt of notice of the commencement of a Benchmark Unavailability Period, the Borrower may revoke any request for a LIBOR Borrowing of, conversion to or continuation of LIBOR Loans to be made, converted or continued during any Benchmark
    Unavailability Period and, failing that, the Borrower will be deemed to have converted any such request into a request for a Borrowing of or conversion to Index Rate Loans. During any Benchmark Unavailability Period, the component of the Index Rate
    based upon the LIBOR Rate will not be used in any determination of the Index Rate.

   

  
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  Section 2.13        Notice of Certain Costs. Notwithstanding
    anything in this Agreement to the contrary, to the extent any notice required by Sections 2.10 or 2.11 is given by any Lender more than one hundred eighty (180) days after such Lender has knowledge of the occurrence of the event giving
    rise to the additional cost, reduction in amounts, loss, Tax or other additional amounts described in such Sections, such Lender shall not be entitled to compensation, indemnification or additional amounts under Sections 2.10 or 2.11,
    as the case may be, for any such amounts incurred or accruing prior to the giving of such notice to the Borrower.

   

  Section 2.14         [Reserved].

   

  Section 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 13.01.

   

  (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 Section 5.02(f) or Article XI or otherwise, and
    including any amounts made available to the Administrative Agent by that Defaulting Lender pursuant to Section 13.09), shall be applied at such time or times as may be determined by the Administrative Agent as follows: first, to the
    payment of any amounts owing by that Defaulting Lender to the Administrative Agent hereunder; second, as the Borrower may request (so long as no Default or Event of Default exists), to the funding of any Loan in respect of which that Defaulting
    Lender has failed to fund its portion thereof as required by this Agreement, as determined by the Administrative Agent; third, if so determined by the Administrative Agent and the Borrower, to be held in a non-interest bearing deposit account
    and released in order to satisfy such Defaulting Lender’s potential future funding with respect to Loans under this Agreement; fourth, so long as no Default or Event of Default exists, to the payment of any amounts owing to the Borrower as a
    result of any judgment of a court of competent jurisdiction obtained by the Borrower against that Defaulting Lender as a result of that Defaulting Lender’s breach of its obligations under this Agreement; and fifth, to that Defaulting Lender or
    as otherwise directed by a court of competent jurisdiction; provided that if (x) such payment is a payment of the principal amount of any Loans in respect of which that Defaulting Lender has not fully funded its appropriate share and (y) such
    Loans were made at a time when the conditions set forth in Article VI were satisfied or waived, such payment shall be applied solely to pay the Loans of all non-Defaulting Lenders on a non-pro rata basis prior to being applied to the payment of
    any Loans of that Defaulting Lender until such time as all Loans are held by the Lenders pro rata in accordance with the Commitments. 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 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.

   

  
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  (iii)            Certain Fees. That Defaulting Lender shall not be
    entitled to receive any Fees set forth in Section 4.01(a) for any period during which that Lender is a Defaulting Lender (and the Borrower shall not be required to pay any such Fees that otherwise would have been required to have been paid to
    that Defaulting Lender).

   

  (iv)            [Reserved].

   

  (v)            [Reserved].

   

  (vi)            Responsibility. The failure of any Defaulting
    Lender to fund any purchase of any participation to be made or funded by it, or to make any payment required by it under any Credit Document on the date specified therefor shall not relieve any other Lender of its obligations to make such loan, fund
    the purchase of any such participation, or make any other such required payment on such date, and neither Agent nor, other than as expressly set forth herein, any other Lender shall be responsible for the failure of any Defaulting Lender to make a
    loan, fund the purchase of a participation or make any other required payment under any Credit Document.

   

  (b)          Defaulting Lender Cure. Once the Defaulting Lender
    has cured such default in a manner reasonably satisfactory to the Administrative Agent and the Borrower, 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, that Lender will, to the extent applicable, purchase that portion of outstanding Loans of the other Lenders or take such other actions as the Administrative Agent may determine to be necessary to cause the Loans to be held
    on a pro rata basis by the Lenders in accordance with their Commitments, 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 Borrower while that Lender was a Defaulting Lender; and provided, further, that except to the extent otherwise expressly agreed by the affected parties, no change hereunder from Defaulting Lender to a Lender that is not 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.

   

  ARTICLE III

   

  [Reserved].

   

  ARTICLE IV

   

  Fees and Commitment Terminations

   

  Section 4.01         Fees. The Borrower agrees to pay to the
    Administrative Agent (i) all the Fees required to be paid herein, or pursuant to the Fee Letter and any other document(s) entered into in connection herewith, at the times and in the amounts specified therein and (ii) any fees arising out of services
    rendered by third parties in connection with the duties of the Collateral Agent hereunder.

   

  (b)          The Borrower agrees to pay to the Collateral Agent all the
    Fees required to be paid herein, or pursuant to any document(s) entered into in connection herewith, at the times and in the amounts specified therein.

   

  Section 4.02         Mandatory Termination of Commitments. (a)
    The Term Loan Commitment with respect to the Initial Term Loans shall terminate immediately following the closing of the Transactions on the Closing Date, and (b) the Term Loan Commitment with respect to the 2022 Supplemental Term Loans shall terminated immediately following the closing of the Amendment No. 2 Transactions on the
        Amendment No. 2 Effective Date.

   

  
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  ARTICLE V

   

  Payments

   

  Section 5.01           Voluntary Prepayments and Optional
        Commitment Reductions.

   

  (a)          The Borrower shall have the right to voluntarily prepay
    Term Loans, subject to the payment of the Applicable Prepayment Premium, in whole or in part from time to time.

   

  (b)          Upon the giving of a notice of prepayment (substantially in
    the form of Exhibit M, which may be conditioned upon the occurrence of certain events), the principal amount of Loans specified to be prepaid shall become due and payable on the date specified for such prepayment subject to the following terms
    and conditions: (i) the Borrower shall give the Agents written notice of (A) its intent to make such prepayment, (B) the amount of such prepayment and (C) for all Loans, the specific Borrowing(s) pursuant to which made, no later than 1:00 p.m. (New
    York time) three (3) Business Days prior to the date of such prepayment, and such notice shall promptly be transmitted by the Administrative Agent to each of the relevant Lenders, as the case may be; (ii) each partial prepayment of any Term Loans shall
    be in a multiple of $500,000 and in an aggregate principal amount of at least $500,000; and (ii) any prepayment of LIBOR Rate Loans pursuant to this Section 5.01 on any day other than the last day of a LIBOR Period applicable thereto shall be
    subject to compliance by the Borrower with the applicable provisions of Section 2.11. Each prepayment in respect of any tranche of Term Loans pursuant to this Section 5.01 shall be applied to the installments of the Term Loans pursuant
    to Section 2.05(b) as directed by the Borrower, or if not directed, in direct order of maturity of such scheduled installments.

   

  Section 5.02           Mandatory Prepayments and
        Commitment Reductions.

   

  (a)          (i) Subject to the last paragraph of this Section
      5.02(a), on or prior to the tenth (10th) Business Day after the date on which the Borrower is required to deliver a Compliance Certificate pursuant to Section
      9.01(e)(iii) (the “ECF Payment Date”), commencing with the fiscal year ending December 31, 2020 (with regard to the fiscal year ending December 31, 2020, solely for the period from the Closing Date until December 31, 2020), the
    Borrower shall prepay the Loans in an amount equal to: (A) fifty percent (50%) of Consolidated Excess Cash Flow (if any) for such fiscal year, to be applied as set forth in Section 5.02(a)(viii); provided, that if, with respect to any
    fiscal year in which a mandatory prepayment pursuant to this Section 5.02(a)(i) is otherwise due, the Total Leverage Ratio as of the last day of such fiscal year is less than or equal to 2.50:1.00, then the Borrower shall prepay the Loans in an
    amount equal to zero percent (0%) of Consolidated Excess Cash Flow (if any) for such fiscal year; minus (B) to the extent not funded with the proceeds of Indebtedness (other than revolving credit loans) (and to the extent funded with the
    proceeds of equity, such proceeds shall not increase any other basket hereunder), the sum of all voluntary prepayment of the Loans (to the extent permitted hereunder) made during such fiscal year and, at the Borrower’s option, during the period after
    the end of such fiscal year and before the applicable ECF Payment Date (provided, that any such prepayment made after the end of such fiscal year but before the applicable ECF Payment Date that Borrower elects to deduct from the payment required
    under this provision in respect of the prior fiscal year shall not reduce Consolidated Excess Cash Flow for the fiscal year in which such payment is made);.

   

  (ii)            Upon the incurrence or issuance of any Indebtedness by any
    Credit Party or any of their respective Subsidiaries (other than Indebtedness permitted under Section 10.01 (other than any Permitted Refinancing)), the Borrower shall prepay the Loans in an amount equal to one hundred percent (100%) of such
    Net Debt Proceeds plus the Applicable Prepayment Premium, to be applied as set forth in Section 5.02(a)(viii). Nothing in this Section 5.02(a)(ii) shall be construed to permit or waive any Default or Event of Default arising
    from any incurrence or issuance of Indebtedness not permitted under the terms of this Agreement.

   

  
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  (iii)           Subject to the last paragraph of this Section 5.02(a),
    no later than five (5) Business Days after the receipt by any Credit Party or any of their respective Subsidiaries of any cash proceeds from any Disposition (other than any Disposition permitted under Section 10.04(a), Section 10.04(c),
    Section 10.04(d), Section 10.04(e), Section 10.04(f), Section 10.04(g), Section 10.04(h), Section 10.04(i), Section 10.04(j), Section 10.04(k), Section 10.04(l), Section
      10.04(m), Section 10.04(n), Section 10.04(p), Section 10.04(q), Section 10.04(r), Section 10.04(s) (solely with respect to Permitted Liens arising in the ordinary course of business) and Section
      10.04(u)), the Credit Parties or any of their respective Subsidiaries shall prepay the Loans in an amount equal to one hundred percent (100%) of the Net Disposition Proceeds from such Disposition, only to the extent the aggregate amount of such
    Net Disposition Proceeds in any fiscal year exceeds $1,000,000 in the aggregate and then only in the amount of such excess, plus the Applicable Prepayment Premium, to be applied as set forth in Section 5.02(a)(viii); provided,
    that any Credit Party or their respective Subsidiaries may, at their option by notice in writing to the Agents on or prior to the fifth (5th) Business Day after the
    occurrence of the Disposition giving rise to such Net Disposition Proceeds, elect to reinvest such Net Disposition Proceeds in assets that are used or useful in the business of any Credit Party or their Subsidiaries (including Permitted Acquisitions
    and other permitted Investments) to the extent that any Credit Party or such Subsidiary makes such reinvestment within twelve (12) months following the occurrence of the Disposition; provided, however, any Credit Party or such Subsidiary may
    consummate such reinvestment within sixteen (16) months after the occurrence of the Disposition, so long as any Credit Party or such Subsidiary shall have entered into a definitive agreement for the purchase of assets or property within the first
    twelve (12) month period. Any amounts of Net Disposition Proceeds unused after such period shall be applied as set forth in Section 5.02(a)(viii). Nothing in this Section 5.02(a)(iii) shall be construed to permit or waive any Default or
    Event of Default arising from any Disposition not permitted under the terms of this Agreement.

   

  (iv)          No later than five (5) Business Days after the receipt by
    Holdings, the Borrower or its Subsidiaries of any Extraordinary Receipts, the Borrower shall prepay the Loans in an amount equal to one hundred percent (100%) of such Extraordinary Receipts, only to the extent the aggregate amount of such Extraordinary
    Receipts in any fiscal year exceeds $1,000,000 in the aggregate and then only in the amount of such excess, plus the Applicable Prepayment Premium.

   

  (v)           No later than five (5) Business Days after the receipt of
    any indemnification payments received by any Indemnitees (as defined in the Acquisition Agreement) pursuant to the Acquisition Agreement (or by a Credit Party), other than indemnification payments to be made to a third party or in reimbursement of
    payments made to a third party, the Borrower shall prepay the Loans in an amount equal to one hundred percent (100%) of the net cash proceeds of such indemnification payments received by any Credit Party or received by any Indemnitees (net of all
    out-of-pocket collection expenses thereof not payable to a Credit Party or Subsidiary thereof (other than reimbursements of reasonable out-of-pocket expenses of such Credit Party or Subsidiary, including, without limitation, any legal or other
    professional fees)) plus the Applicable Prepayment Premium.

   

  (vi)          Upon any reduction in the Deferred Purchase Price
    obligations of the Purchaser under the Acquisition Agreement as a result of claims with respect to representations, warranties, indemnities or any exercise of set off rights in respect thereof, in each case, other than in respect of payments to be made
    to a third party or in reimbursement of payments made to a third party, the Borrower shall prepay the Loans in an amount equal to such reduction in the Deferred Purchase Price obligation, such prepayment to be made on the date on which the amount of
    the reduction would otherwise have been payable under the Acquisition Agreement plus the Applicable Prepayment Premium.

   

  
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  (vii)           Subject to the last paragraph of this Section 5.02(a),
    no later than five (5) Business Days after the receipt by any Credit Party or any of their respective Subsidiaries of any cash proceeds from any Casualty Event, the Borrower shall prepay the Loans in an amount equal to one hundred percent (100%) of
    such Net Casualty Proceeds, only to the extent the aggregate amount of such Net Casualty Proceeds in any fiscal year exceeds $1,000,000 in the aggregate and then only in the amount of such excess, plus the Applicable Prepayment Premium, to be
    applied as set forth in Section 5.02(a)(viii); provided, that any Credit Party or their respective Subsidiaries may, at their option by notice in writing to the Agents no later than thirty (30) days following receipt of such Net
    Casualty Proceeds), use such Net Casualty Proceeds to repair or reinvest such Net Casualty Proceeds in assets that are used or useful in the business of such Credit Party or such Subsidiaries to the extent that such Credit Party or such Subsidiary
    makes such repair or reinvestment within twelve (12) months following the occurrence of the Casualty Event (or, so long as applicable permits and approvals are being diligently pursued by the Borrower in respect of such repair or reinvestment, sixteen
    (16) months); provided, however, the Credit Parties or such Subsidiary may consummate such repair or reinvestment within sixteen (16) months after the occurrence of the Casualty Event, so long as such Credit Party or such Subsidiary
    shall have entered into a definitive agreement for the repair or the purchase of assets or property within the first twelve (12) month period. Any amounts of Net Casualty Proceeds unused after such period shall be applied as set forth in Section
      5.02(a)(viii). Nothing in this Section 5.02(a)(vii) shall be construed to permit or waive any Default or Event of Default arising from, directly or indirectly, any Casualty Event.

   

  (viii)          Amounts to be applied in connection with prepayments made
    pursuant to Section 5.02(a)(i) shall be applied, to the installments of the Term Loans pursuant to Section 2.05(b) in direct order of maturity of such scheduled installments. All other amounts to be applied in connection with
    prepayments made pursuant to Section 5.02(a) shall be made to the installments of the Term Loans pursuant to Section 2.05(b) in inverse order of maturity of such scheduled installments. Each prepayment of the Loans under Section
      5.02 shall be accompanied by accrued interest to the date of such prepayment on the amount prepaid.

   

  (b)          Applicable Prepayment Premium. Without limiting the
    generality of Sections 5.01 and 5.02, and notwithstanding anything to the contrary in this Agreement or any other Credit Document, the Credit Parties hereby acknowledge and agree that if the Obligations are accelerated for any reason prior to the
    fourth anniversary of the Closing Date, including because of an Event of Default (including by operation of law or otherwise), the commencement of any insolvency proceeding or other proceeding pursuant to any applicable debtor relief laws, sale,
    disposition or encumbrance (including that by operation of law or otherwise) or a satisfaction or release by foreclosure (whether by power of judicial proceeding), deed in lieu of foreclosure or by any other means, the Applicable Prepayment Premium,
    determined as of the date of acceleration will also be due and payable as though said Obligations were voluntarily prepaid as of such date and shall constitute part of the Obligations, in view of the impracticability and extreme difficulty of
    ascertaining actual damages and by mutual agreement of the parties as to a reasonable calculation of each Lender’s lost profits as a result thereof. The Applicable Prepayment Premium payable in accordance with the immediately preceding sentence shall
    be presumed to be the liquidated damages sustained by each Lender as the result of the early termination and the Credit Parties agree that it is reasonable under the circumstances. The Credit Parties expressly agree that: (i) the Applicable Prepayment
    Premium is reasonable and is the product of an arm’s length transaction between sophisticated business people, ably represented by counsel, (ii) the Applicable Prepayment Premium shall be payable notwithstanding the then prevailing market rates at the
    time payment is made, (iii) there has been a course of conduct between Lenders and the Credit Parties giving specific consideration in this transaction for such agreement to pay the Applicable Prepayment Premium, and (iv) the Applicable Prepayment
    Premium represents a good faith, reasonable estimate and calculation of the lost profits or damages of the Lenders and that it would be impractical and extremely difficult to ascertain the actual amount of damages to the Lenders or profits lost by the
    Lenders as a result of any prepayment, including as a result of any Prepayment Event. THE CREDIT PARTIES EXPRESSLY WAIVE THE PROVISIONS OF ANY PRESENT OR FUTURE STATUTE OR LAW THAT PROHIBITS OR MAY PROHIBIT THE COLLECTION OF THE APPLICABLE PREPAYMENT
    PREMIUM IN CONNECTION WITH ANY ACCELERATION OF THE OBLIGATIONS. The Credit Parties expressly acknowledge that their respective agreement to pay the Applicable Prepayment Premium as herein described is a material inducement to the Lenders to provide the
    Commitments hereunder and to make the Loans. Furthermore, the Credit Parties acknowledge and agree that the Credit Parties and their respective affiliates shall be estopped hereafter from claiming differently than as agreed to with respect to the
    Applicable Prepayment Premium and the Credit Parties acknowledge and agree that the Applicable Prepayment Premium is not intended to act as a penalty or to punish the Credit Parties for any action.

   

  
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  (c)           [reserved].

   

  (d)          Application to Term Loans. With respect to each
    prepayment of Term Loans elected by the Borrower pursuant to Section 5.01(b), the Borrower may designate the Types of Loans that are to be prepaid and the specific Borrowing(s) pursuant to which made; provided, that the Borrower pays
    any amounts, if any, required to be paid pursuant to Section 2.11 with respect to prepayments of LIBOR Rate Loans made on any date other than the last day of the applicable LIBOR Period. In the absence of a designation by the Borrower as
    described in the preceding sentence, the Administrative Agent shall, subject to the above, make such designation in its reasonable discretion with a view, but no obligation, to minimize breakage costs owing under Section 2.11. Each such
    prepayment shall be accompanied by all accrued interest on the Loans so prepaid, through the date of such prepayment.

   

  (e)           [reserved].

   

  (f)           Application of Collateral Proceeds. Notwithstanding
    anything to the contrary in Section 5.01 or this Section 5.02, all proceeds of Collateral received by any Collateral Agent pursuant to the exercise of remedies against the Collateral, and all payments received upon and after the
    acceleration of any of the Obligations shall be applied as set forth in this clause (f), as follows (subject to adjustments pursuant to any agreements entered into among the Lenders):

   

  (i)            first, to pay any costs and expenses of the
    Collateral Agent and fees then due to the Collateral Agent under the Credit Documents, and any indemnities then due to any Agent under the Credit Documents, until paid in full,

   

  (ii)           second, to pay any fees or premiums then due to the
    Administrative Agent or any of the Lenders under the Credit Documents until paid in full,

   

  (iii)          third, ratably to pay any costs or expense
    reimbursements of Lenders and indemnities then due to any of the Lenders under the Credit Documents until paid in full,

   

  (iv)          fourth, ratably to pay interest due in respect of
    the outstanding Term Loans until paid in full,

   

  (v)           fifth, ratably to pay the outstanding principal balance of the Term Loans
    until the Term Loans are paid in full,

   

  (vi)          sixth, to pay any other Obligations, and

   

  
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  (vii)         seventh, to the Borrower or such other
      Person entitled thereto under Applicable Law.

   

  Section 5.03         Payment of Obligations; Method and Place of
      Payment. (a) The obligations of the Borrower hereunder and under each other Credit Document are not subject to counterclaim, set-off, rights of rescission, or any other defense. Subject to Section 5.04, and except as otherwise
    specifically provided herein, all payments under this Agreement shall be made by the Borrower, without set-off, rights of rescission, counterclaim or deduction of any kind, to the Administrative Agent for the ratable account of the Secured
    Parties entitled thereto not later than 2:00 p.m. (New York time) on the date when due and shall be made in immediately available funds in Dollars to the Administrative Agent, and any amounts received after such time on such date shall be deemed
    received on such date for purposes of determining whether an Event of Default has occurred (provided, that such amounts shall be deemed to have been received on the next succeeding Business Day for purposes of calculating interest thereon). The
    Administrative Agent will thereafter cause to be distributed on the same day (if payment was actually received by the Administrative Agent prior to 2:00 p.m. (New York time), on such day) like funds relating to the payment of principal or interest or
    Fees ratably to the Secured Parties entitled thereto.

   

  (b)          For purposes of computing interest or fees, any payments
    under this Agreement that are made later than 2:00 p.m. (New York time), shall be deemed to have been made on the next succeeding Business Day. Unless otherwise expressly provided herein, whenever any payment to be made hereunder shall be stated to be
    due on a day that is not a Business Day, the due date thereof shall be extended to the next succeeding Business Day and, with respect to payments of principal, interest shall continue to accrue during such extension at the applicable rate in effect
    immediately prior to such extension.

   

  (c)          The Borrower hereby authorizes Administrative Agent to, at
    its option (or upon the direction of the Collateral Agent or the Required Lenders), from time to time, without prior notice to the Borrower, charge the Borrower’s loan account for any and all Obligations that remain unpaid after the due date therefor
    (after giving effect to any grace periods provided for in Section 11.01(a)) and, with respect to Obligations that are not fees, interest or principal payments, are not the subject of a bona fide dispute. All amounts so charged to the Borrower’s
    loan account thereafter shall, subject to Section 2.08(c), accrue interest at the rate then applicable to Index Rate Loans.

   

  Section 5.04          Net Payments. (a) All payments made by or
    on behalf of any Credit Party under this Agreement or any other Credit Document shall be made without deduction or withholding for or on account of any Taxes, except as required by Applicable Law. If any Taxes are required to be withheld from any
    amounts payable by or on behalf of any Credit Party under this Agreement or any other Credit Document (as determined in the good faith discretion of the applicable withholding agent), then the applicable withholding agent shall be entitled to make such
    deduction or withholding and shall timely pay the full amount deducted or withheld to the relevant Governmental Authority in accordance with Applicable Law, and if such Tax is a Non-Excluded Tax, then the Borrower shall increase the amounts payable to
    the applicable Recipient to the extent necessary so that after such deduction or withholding has been made (including such deductions and withholdings applicable to additional sums payable under this Section) the applicable Recipient receives an amount
    equal to the sum it would have received had no such deduction or withholding been made. Whenever any Taxes are paid by a Credit Party pursuant to this Section 5.04(a), as soon as practicable thereafter, the Borrower shall send to the
    Administrative Agent the original or a certified copy of a receipt issued by the relevant Governmental Authority, a copy of the return reporting such payment, or other evidence of such payment reasonably satisfactory to the Administrative Agent. The
    Borrower shall indemnify the Agents and the Lenders for any Non-Excluded Taxes (including Non-Excluded Taxes imposed or asserted on or attributable to amounts payable under this Section 5.04(a)) that are paid by any Agent or Lender or that are
    required to be withheld or deducted from a payment to any Agent or Lender and any reasonable expenses arising therefrom or with respect thereto, whether or not such Non-Excluded Taxes were correctly or legally imposed or asserted by the relevant
    Governmental Authority, within ten (10) days after demand therefor. A certificate as to the amount of such payment or liability delivered to the Borrower by an Agent or Lender (with a copy to the Administrative Agent), or by the Administrative Agent on
    its own behalf or on behalf of a Lender, shall be conclusive absent manifest error. In addition, the Borrower shall pay any Other Taxes to the relevant Governmental Authority in accordance with Applicable Law, or at the option of the Administrative
    Agent, shall timely reimburse it for the payment of any Other Taxes. The agreements in this Section 5.04(a) shall survive the termination of this Agreement and the payment of the Loans and all other amounts payable hereunder.

   

  
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  (b)         (i) Each Lender that is entitled to an exemption from or
    reduction of withholding Tax with respect to payments under this Agreement shall deliver to the Borrower (with a copy to the Administrative Agent), at the time or times reasonably requested by the Borrower or the Administrative Agent, such properly
    completed and executed documentation prescribed by Applicable Law or reasonably requested by the Borrower or Administrative Agent as will permit such payments to be made without withholding or at a reduced rate; provided, that such Lender is
    legally entitled to complete, execute and deliver such documentation. In addition, any Lender, if reasonably requested by the Borrower or the Administrative Agent, shall deliver such other documentation prescribed by Applicable Law or reasonably
    requested by the Borrower or the Administrative Agent as will enable the Borrower or the Administrative Agent to determine whether or not such Lender is subject to backup withholding or information reporting requirements. Each Person that shall become
    a Participant pursuant to Section 13.06 or a Lender pursuant to Section 13.06 shall, upon the effectiveness of the related transfer, be required to provide all the forms and statements required pursuant to this Section 5.04(b);
    provided, that in the case of a Participant such Participant shall furnish all such required forms and statements to the Lender from which the related participation shall have been purchased. Notwithstanding any other provision of this
    paragraph, no Lender shall be required to deliver any form (other than such documentation required by Sections 5.04(b)(ii)(A)-(C)   and (iii)) that in such Lender’s reasonable judgment would subject such Lender to any material
    unreimbursed cost or expense or would materially prejudice the legal or commercial position of such Lender.

   

  (ii)         Without limiting the generality of the foregoing,

   

  (A)         any Lender that is a “United States Person” as defined in
    Section 7701(a)(30) of the Code shall deliver to the Borrower and the Administrative Agent on or about the date on which such Lender becomes a Lender under this Agreement (and from time to time thereafter upon the reasonable request of the Borrower or
    the Administrative Agent), executed copies of IRS Form W-9 certifying that such Lender is exempt from U.S. federal backup withholding tax;

   

  (B)         any Lender that is not a “United States Person” as
    defined in Section 7701(a)(30) of the Code (a “Non-U.S. Lender”) shall, to the extent it is legally entitled to do so, deliver to the Borrower and the Administrative Agent (in such number of copies as shall reasonably be requested) on or about the date
    on which such Non-U.S. Lender becomes a Lender under this Agreement (and from time to time thereafter upon the reasonable request of the Borrower or the Administrative Agent), whichever of the following is applicable:

   

  (1)           in the case of a Non-U.S. 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 Credit Document, executed copies of IRS Form W-8BEN or IRS Form W-8BEN-E establishing an exemption from, or reduction of, U.S.
    federal withholding Tax pursuant to the “interest” article of such tax treaty and (y) with respect to any other applicable payments under any Credit Document, IRS Form W-8BEN or IRS Form W-8BEN-E establishing an exemption from, or reduction of, U.S.
    federal withholding Tax pursuant to the “business profits” or “other income” article of such tax treaty;

   

  
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  (2)           executed copies of IRS Form W-8ECI;

   

  (3)           in the case of a Non-U.S. 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 L-1 to the effect that such Non-U.S. Lender is not a “bank” within the meaning of Section 881(c)(3)(A) of the Code, a “10
    percent shareholder” of the Borrower within the meaning of Section 871(h)(3)(B) of the Code, or a “controlled foreign corporation” within the meaning of Section 957 of the Code related to the Borrower as described in Section 881(c)(3)(C) of the Code (a
    “U.S. Tax Compliance Certificate”) and (y) executed copies of IRS Form W-8BEN or IRS Form W-8BEN-E; or

   

  (4)           to the extent a Non-U.S. Lender is not the beneficial
    owner, executed copies of IRS Form W-8IMY, accompanied by IRS Form W-8ECI, IRS Form W-8BEN, IRS Form W-8BEN-E, a U.S. Tax Compliance Certificate substantially in the form of Exhibit L-2 or Exhibit L-3, IRS Form W-9, and/or other certification documents
    from each beneficial owner, as applicable; provided that if the Non-U.S. Lender is a partnership and one or more direct or indirect partners of such Non-U.S. Lender are claiming the portfolio interest exemption, such Non-U.S. Lender may provide
    a U.S. Tax Compliance Certificate substantially in the form of Exhibit L-4 on behalf of each such direct and indirect partner;

   

  (C)         Any Non-U.S. Lender shall deliver to the Borrower and the
    Administrative Agent (in such number of copies as shall be requested by the recipient) on or prior to the date on which such Non-U.S. Lender becomes a Lender under this Agreement (and from time to time thereafter upon the reasonable request of the
    Borrower or the Administrative Agent), executed originals of any other form prescribed by Applicable Law as a basis for claiming exemption from or a reduction in U.S. federal withholding Tax, duly completed, together with such supplementary
    documentation as may be prescribed by Applicable Law to permit the Borrower or the Administrative Agent to determine the withholding or deduction required to be made;

   

  (iii)         Without limiting the generality of the foregoing, if a
    payment made to a Recipient under any Credit Document would be subject to United States federal withholding tax imposed by FATCA if such Recipient 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 Recipient shall deliver to the Borrower and the Administrative Agent at the time or times prescribed by law and at such time or times reasonably requested by the Borrower or the
    Administrative Agent such documentation prescribed by Applicable Law (including as prescribed by Section 1471(b)(3)(C)(i), of the Code and such additional documentation reasonably requested by the Borrower or the Administrative Agent as may be
    necessary for the Borrower and the Administrative Agent to comply with their obligations under FATCA and to determine that such Recipient has complied with such Recipient’s obligations under FATCA or to determine the amount to deduct and withhold from
    such payment under FATCA, if any. Solely for the purposes of this clause (iii), “FATCA” shall include any amendments made to FATCA after the date of this Agreement.

   

  (iv)         Each Recipient agrees that if any form or certification it
    previously delivered pursuant to this Section 5.04(b) expires or becomes obsolete or inaccurate in any material respect, it shall update such form or certification or promptly notify the Borrower and the Administrative Agent in writing of its
    legal inability to do so.

   

  
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  (c)            If any Lender or any Agent determines, in its sole
    discretion exercised in good faith, that it has received a refund of a Tax for which it has been indemnified by the Borrower pursuant to this Section 5.04 (including by the payment of additional amounts by the Borrower pursuant to this Section

      5.04), then such Lender or such Agent, as the case may be, shall reimburse the Borrower for such amount (but only to the extent of indemnity payments made, or additional amounts paid, by the Borrower under this Section 5.04 with respect
    to the Tax giving rise to such refund), net of all out-of-pocket expenses of such Agent or such Lender (including any Taxes imposed on the receipt of such refund) and without interest (other than any interest paid by the relevant Governmental Authority
    with respect to such refund); provided, that the Borrower, upon the request of such Agent or such Lender, agrees to repay the amount paid over to the Borrower (plus any penalties, interest or other charges imposed by the relevant Governmental
    Authority) to such Agent or such Lender in the event such Agent or such Lender is required to repay such refund to such Governmental Authority. Notwithstanding anything to the contrary in this paragraph (c), in no event will the indemnified party be
    required to pay any amount to an indemnifying party pursuant to this paragraph (c) the payment of which would place the indemnified party in a less favorable net after-Tax position than the indemnified party would have been in if the Tax subject to
    indemnification and giving rise to such refund had not been deducted, withheld or otherwise imposed and the indemnification payments or additional amounts with respect to such Tax had never been paid. This paragraph shall not be construed to require
    any Agent or any Lender to make available its tax returns (or any other information relating to its Taxes which it deems confidential) to the Borrower or any other Person.

   

  (d)            Each Lender shall severally indemnify the Administrative
    Agent, within ten (10) days after demand therefor, for (i) any Non-Excluded Taxes attributable to such Lender (but only to the extent that the Borrower has not already indemnified the Administrative Agent for such Non-Excluded Taxes and without
    limiting the obligation of the Borrower to do so), (ii) any Taxes attributable to such Lender’s failure to comply with the provisions of Section 13.06 relating to the maintenance of a Participant Register and (iii) any Excluded Taxes
    attributable to such Lender, in each case, that are payable or paid by the Administrative Agent in connection with any Credit Document, and any reasonable expenses arising therefrom or with respect thereto, whether or not such Taxes were correctly or
    legally imposed or asserted by the relevant Governmental Authority. A certificate as to the amount of such payment or liability delivered to any Lender by the Administrative Agent shall be conclusive absent manifest error. Each Lender hereby authorizes
    the Administrative Agent to set off and apply any and all amounts at any time owing to such Lender under any Credit Document or otherwise payable by the Administrative Agent to the Lender from any other source against any amount due to the
    Administrative Agent under this paragraph (d).

   

  (e)            Each party’s obligations under this Section 5.04
    shall survive the resignation or replacement of the Administrative Agent or any assignment of rights by, or the replacement of, a Lender, the termination of the Commitments and the repayment, satisfaction or discharge of all obligations under any
    Credit Document.

   

  Section 5.05        Computations of Interest and Fees. (a) All
    interest and fees shall be computed on the basis of the actual number of days (including the first day but excluding the last day) occurring during the period for which such interest or fee is payable over a year comprised of (a) 365 (or 366 as
    appropriate) days in the case of Index Rate Loans and (b) 360 days in all other cases. Unless otherwise expressly provided herein, payments due on a day that is not a Business Day shall (except as otherwise required by Section 2.09(c)) be made
    on the next succeeding Business Day and such extension of time shall be included in computing interest and fees in connection with that payment.

   

  
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  (b)          Fees shall be calculated on the basis of a 360-day year
    for the actual days elapsed.

   

  ARTICLE VI

   

  Conditions Precedent to Initial Credit Extension

   

  The occurrence of the initial Credit Extension is subject to the satisfaction (or waiver) of the following
    conditions precedent on or before the Closing Date (except that in the case of the condition set forth in Section 6.04, such condition shall be satisfied immediately following the occurrence of the initial Credit Extension but on the Closing
    Date); provided that if such conditions are not satisfied (or waived) on or prior to the Closing Date (in each case, as agreed by the Agents), it is understood that the Administrative Agent shall promptly return any funds previously sent to the
    Administrative Agent by the Lenders:

   

  Section 6.01           Credit Documents. The Administrative
    Agent shall have received the following documents, duly executed by an Authorized Officer of each Credit Party and each other relevant party:

   

  		(a)	this Agreement;

   

  		(b)	the Notes, if any;

   

  		(c)	the Guarantee Agreement;

   

  		(d)	the Notice of Borrowing;

   

  		(e)	the Security Pledge Agreement;

   

  		(f)	a Perfection Certificate; and

   

  		(g)	the Intercompany Subordination Agreement.

   

  Section 6.02           Collateral.

   

  (a)          Subject to the Limited Conditionality Provision with
    respect to this Section 6.02(a), all Capital Stock of each directly owned Subsidiary of each Credit Party shall have been pledged (other than Capital Stock of any Excluded Subsidiary, in which case, the maximum amount of Capital Stock of such Excluded
    Subsidiary permitted to be pledged pursuant to this Agreement shall be pledged) pursuant to, and subject to the limitations set forth in the Security Pledge Agreement, and the Collateral Agent shall have received all certificates representing such
    securities pledged under the Security Pledge Agreement, accompanied by instruments of transfer and undated stock powers endorsed in blank; and

   

  (b)          the Borrower shall have executed and delivered to the
    Collateral Agent a collateral assignment, in form and substance satisfactory to the Collateral Agent, of the Acquisition Documents;

   

  provided that, to the extent any security interest in any Collateral is not or cannot be provided
    and/or perfected on the Closing Date (other than the pledge (and delivery in the case of the immediately following clause (1)) and perfection of the security interests (1) in the certificated equity securities of the Target, any Domestic Subsidiaries
    of Holdings (other than the Target and its Subsidiaries) and (2) in other assets of any Domestic Subsidiaries of Holdings (other than the Target and its Subsidiaries) with respect to which a Lien may be perfected solely by the filing of a financing
    statement under the UCC) after the Borrower’s use of commercially reasonable efforts to do so, then the provision and/or perfection of a security interest in such Collateral shall not constitute a condition precedent to the availability of the Credit
    Facility on the Closing Date, but instead shall be required to be delivered, or a security interest therein perfected, not more than 90 days after the Closing Date (as such period may be extended by the Administrative Agent in its sole discretion)
    (collectively, the “Limited Conditionality Provision”).

   

  
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  Section 6.03         Legal Opinion. The Administrative Agent and
    the Collateral Agent shall have received an executed legal opinion of Dechert LLP, counsel to the Credit Parties addressed to the Administrative Agent, the Collateral Agent and the Lenders and in form and substance reasonably satisfactory to the
    Administrative Agent and the Collateral Agent (including an opinion regarding the execution, delivery and performance by each Credit Party of this Agreement and of each Credit Document to which it is a party, and the borrowings by the Borrower
    hereunder, do not and will not conflict with the Acquisition Documents).

   

  Section 6.04         Filings. Subject to the Limited
    Conditionality Provision, each Agent shall have received each (i) Uniform Commercial Code financing statement and filing with the United States Patent and Trademark Office and the United States Copyright Office required by this Agreement, any other
    Credit Document, or under applicable law to be filed, registered or recorded in order to create, in favor of each Agent, a perfected security interest in or lien upon the Collateral subject thereto shall have been delivered to the Collateral Agent in
    proper form for filing, registration or recordation in each jurisdiction in which the filing, registration or recordation thereof is so required or requested by each Agent together with payment of any necessary fee, tax or expense relating thereto and
    (ii) copies of stock certificates evidencing Collateral, together with copies of transfer powers executed in blank, and copies of each promissory note constituting Collateral, together with copies of executed allonges, shall have been received by the
    Collateral Agent or its counsel.

   

  Section 6.05         Secretary’s Certificates. The Administrative
    Agent shall have received a certificate for each Credit Party, dated the Closing Date, duly executed and delivered by such Credit Party’s secretary or assistant secretary, managing member or general partner, as applicable, as to:

   

  (a)            resolutions of each such Person’s board of
    managers/directors (or other managing body, in the case of a Person that is not a corporation) then in full force and effect expressly and specifically authorizing, to the extent relevant, all aspects of the Credit Documents applicable to such Person
    and the execution, delivery and performance of each such Credit Document, in each case, to be executed by such Person;

   

  (b)            the incumbency and signatures of its Authorized Officers
    and any other of its officers, managing member or general partner, as applicable, authorized to act with respect to each Credit Document to be executed by such Person; and

   

  (c)            each such Person’s Organization Documents, as amended,
    modified or supplemented as of Closing Date, and good standing certificates, each certified by the appropriate officer or official body of the jurisdiction of organization of such Person.

   

  Section 6.06         Other Documents and Certificates. The
    Administrative Agent shall have received the following documents and certificates, each of which shall be dated the Closing Date and properly executed by an Authorized Officer of each applicable Credit Party or the Purchaser, in form and substance
    reasonably satisfactory to the Administrative Agent and its legal counsel:

   

  (a)            a certificate of an Authorized Officer of the Borrower,
    certifying as to:

   

  
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  (i)            the satisfaction of the conditions set forth in Section

      6.08, Section 6.09, Section 6.10, Section 6.14 and Section 6.19 hereof;

   

  (ii)           the truth and correctness of Specified Acquisition
    Agreement Representations and the truth and correctness of the Specified Representations in all material respects as of the Closing Date (except that in the case of any Specified Acquisition Agreement Representation or Specified Representation which
    expressly relates to a given date or period, such representation and warranty shall be true and correct in all material respects as of the respective date or for the respective period, as the case may be); provided that to the extent that any of the
    Specified Representations are qualified by or subject to a “material adverse effect”, “material adverse change” or similar term or qualification, such representations and warranties shall be true and correct in all respects; and

   

  (iii)          the receipt of all required approvals and consents of all
    Governmental Authorities and other third parties with respect to the consummation of the Transactions (if any) and the transactions contemplated by the Transaction Documents;

   

  (b)          an assignment and assumption agreement, by and between Purchaser and Group, with
    respect to the Acquisition Agreement;

   

  (c)          a notice of assignment by the Purchaser with respect to
    the Acquisition Agreement; and

   

  (d)          a copy of the stock certificate of Grindr Inc. with
    certificate number CS-8.

   

  Section 6.07          Solvency Certificate. The Administrative
    Agent shall have received a Solvency Certificate confirming that as of the Closing Date the Borrower and its Subsidiaries, taken as a whole and on a consolidated basis, immediately after giving effect to the Transactions are Solvent.

   

  Section 6.08          Sponsor Investment. The Sponsor shall
    have, directly or indirectly, invested a minimum of $350,000,000 (inclusive of the Deferred Purchase Price) in the Transactions of which no less than $78,000,000 shall be applied to the Transactions (including by way of payment of expenses related
    thereto) or contributed in cash as common equity on or before the Closing Date.

   

  Section 6.09          Consummation of Acquisition. Substantially
    concurrently with the funding of the initial borrowings under the Credit Facility, the Acquisition shall be consummated in accordance with the terms of the Acquisition Agreement, but without giving effect to any amendments, waivers or consents that are
    materially adverse to the interests of the Lenders or the Arranger in their respective capacities as such without the consent of the Arranger (it being understood that any modification, amendment, consent or waiver to or under the definition of
    “Material Adverse Effect” in the Acquisition Agreement, shall be deemed to be materially adverse to the interests of the Lenders and the Arranger).

   

  Section 6.10          CFIUS Clearance. The Acquisition shall
    have received CFIUS Clearance (as defined in the Acquisition Agreement), if CFIUS Clearance is required, on terms and conditions reasonably satisfactory to the Administrative Agent; provided, that if no term or condition of CFIUS Clearance constitutes
    a Purchaser’s Restricted Item (as defined in the Acquisition Agreement) or is otherwise materially adverse to the interests of the Administrative Agent, CFIUS Clearance shall be deemed to be reasonably satisfactory to the Administrative Agent.

   

  Section 6.11           Indemnification Payments. Group shall have
    entered into a customary agreement to turn over to the Administrative Agent any indemnification payments received under the Acquisition Agreement and related documents that are required to be applied to prepay the Loans pursuant to Section
      5.02(a)(v).

   

  
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  Section 6.12         Financial Information. The Administrative
    Agent shall have received the Historical Financial Statements.

   

  Section 6.13         Insurance. Subject to the Limited
    Conditionality Provision, the Administrative Agent shall have received in form and substance reasonably satisfactory to it, evidence that adequate insurance, including without limitation, casualty and liability insurance, required to be maintained
    under the Agreement is in full force and effect.

   

  Section 6.14         Material Adverse Effect. Since March 6,
    2020, there shall not have occurred any Material Adverse Effect (as defined in the Acquisition Agreement).

   

  Section 6.15        Representations and Warranties. As of the
    Closing Date, the Specified Acquisition Agreement Representations shall be true and correct and the Specified Representations shall be true and correct in all material respects (except that in the case of any Specified Acquisition Agreement
    Representation or Specified Representation which expressly relates to a given date or period, such representation and warranty shall be true and correct in all material respects as of the respective date or for the respective period, as the case may
    be); provided that to the extent that any of the Specified Representations are qualified by or subject to a “material adverse effect”, “material adverse change” or similar term or qualification, such representations and warranties shall be true and
    correct in all respects; provided, further, that, the terms of the Credit Documents shall not impair the availability of the Credit Facility on the Closing Date if the conditions set forth in Article VI hereto are satisfied.

   

  Section 6.16        Fees and Expenses. Substantially
    concurrently with the initial funding under this Agreement, each of the Agents and each Lender shall have received, for its own respective account, (a) all fees and out-of-pocket expenses due and payable to such Person herein, or any documents entered
    into in connection herewith, and (b) the reasonable fees, costs and out-of-pocket expenses due and payable to such Person pursuant Sections 4.01 and 13.05 (including the reasonable fees, disbursements and other charges of counsel) for
    which invoices have been presented at least three (3) Business Days prior to the Closing Date, in reasonable detail with supporting documentation.

   

  Section 6.17        Patriot Act Compliance. So long as requested
    by the Administrative Agent and the Lenders at least ten (10) days prior to the Closing Date, the Administrative Agent and the Lenders shall have received at least one (1) Business Day prior to the Closing Date (or such shorter periods as the
    Administrative Agent may agree), all documentation and information required by regulatory authorities under applicable “know-your-customer” and anti-money laundering rules and regulations, including without limitation the Patriot Act. Any Borrower that
    qualifies as a “legal entity customer” under the Beneficial Ownership Regulations shall deliver a Beneficial Ownership Certification in relation to such Borrower.

   

  Section 6.18         Additional Documents. The Administrative
    Agent shall have received the results of judgment searches, tax lien searches and Uniform Commercial Code lien searches in an entity’s jurisdiction of organization for each Credit Party organized in the United States.

   

  Section 6.19         No Other Indebtedness. None of Holdings,
    the Borrower nor any Subsidiary shall have any outstanding third party indebtedness for borrowed money.

   

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

   

  
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  ARTICLE VII

   

  Conditions Subsequent

   

  Section 7.01         Post-Closing Covenant.

   

  (a)            Within thirty (30) days of the Closing Date (or such
    later date that the Collateral Agent may agree in writing in its sole discretion), the Credit Parties shall have used commercially reasonable efforts to cause the landlord with respect to the Borrower’s chief executive office, located at 428 East
    Street Suite E, Grinnell, IA 50112, to execute a landlord waiver and collateral access agreement, in form and substance reasonably satisfactory to the Collateral Agent.

   

  (b)            To the extent required, pursuant to Section 9.13(a)
    hereof, promptly following the Closing Date, and not later than within ninety (90) days of the Closing Date (or such later date that the Collateral Agent may agree in writing in its sole discretion), the Credit Parties shall have established and
    delivered to the Collateral Agent a Control Agreement with respect to each of their respective securities accounts, deposit accounts and investment property set forth on Schedule 9.13 (other than Excluded Accounts).

   

  (c)            Notwithstanding anything contained in Article VI
    herein to the contrary, within thirty (30) days of the Closing Date (or such later date that the Administrative Agent may agree in writing), the Credit Parties shall have delivered to the Administrative Agent loss payable endorsements issued by the
    Credit Parties’ insurer naming the Administrative Agent as lenders’ loss payee and mortgagee, as applicable.

   

  (d)           Within seven (7) days of the Closing Date, the Sponsor
    shall, directly or indirectly, invest in the Transactions (including by way of payment of expenses related thereto) such that the aggregate amount of cash applied to the Transactions (including by way of payment of expenses related thereto) or
    contributed to the Borrower as common equity (taking into account the cash contributed pursuant to Section 6.08) shall be no less than $85,000,000. Without limiting the foregoing, Borrower shall pay all amounts invoiced by Kirkland & Ellis
    LLP, as counsel to Fortress, within 7 days of the Closing Date.

   

  (e)          Within five (5) Business Days after the Closing Date, the
    Administrative Agent shall have received in form and substance reasonably satisfactory to it, insurance certificates issued by the Credit Parties’ insurance broker containing such information regarding the Credit Parties’ casualty and liability
    insurance policies as the Administrative Agent shall request and naming such Agent as an additional insured, lenders loss payee and/or mortgagee, as applicable.

   

  (f)            Within five (5) Business Days after the Closing Date, the
    Credit Parties shall deliver to the Administrative Agent a copy of the stock certificate of Grindr Inc. with certificate number CS-8 executed with wet ink signatures and marked as cancelled.

   

  (g)           Within ten (10) Business Days of the Closing Date, the
    Borrower shall deliver to the Administrative Agent copies of an amended and restated limited liability company agreement for Grindr LLC and related corporate authorizations, in each case, in form and substance satisfactory to the Administrative Agent.

   

  
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  (h)          Within ten (10) Business Days of the Closing Date, the
    Borrower shall deliver evidence reasonably satisfactory to the Administrative Agent that Grindr Inc. has converted from a corporation to a limited liability company under the laws of Delaware, including the limited liability company agreement and
    related corporate authorizations.

   

  (i)            The Borrower shall deliver to the Administrative Agent,
    in respect of the removal of the existing mechanic’s lien of Wolcott Architecture Interiors by Grindr LLC with UCC filing number 20170111557 (i) within three (3) Business Days of the Closing Date, a copy of the executed and mailed UCC termination
    notice letter, and (ii) within 30 days thereafter, a copy of the filed UCC-3 termination statement.

   

  (j)            Within thirty (30) days of the Closing Date, the
    Borrower shall deliver to the Administrative Agent copies of (i) a long-form good standing certificate for each Credit Party organized in California, and (ii) the certified charter of Blendr LLC.

   

  (k)           The Borrower shall deliver a copy of each Service
    Agreement to the Administrative Agent at least three (3) Business Days prior to the making of any Restricted Payment thereunder.

   

  ARTICLE VIII

   

  Representations, Warranties and Agreements

   

  In order to induce the Lenders to enter into this Agreement, make the Loans as provided for herein, the
    Credit Parties make each of the following representations and warranties, and agreements with, the Lenders:

   

  Section 8.01        Corporate Status. Each Credit Party (a) is a
    duly organized or formed and validly existing corporation or other registered entity in good standing (to the extent such concept is applicable) under the laws of the jurisdiction of its organization and has the requisite corporate or other
    organizational power and authority to own its property and assets and to transact the business in which it is engaged and (b)  has duly qualified and is authorized to do business and is in good standing (to the extent such concept is applicable) in all
    jurisdictions where it does business or owns assets, except where the failure to do so under this clause (b), individually or in the aggregate, could not reasonably be expected to result in a Material Adverse Effect.

   

  Section 8.02        Corporate Power and Authority. Each Credit
    Party has the corporate or other organizational power and authority to execute, deliver and carry out the terms and provisions of the Credit Documents to which it is a party and has taken all necessary corporate or other organizational action to
    authorize the execution, delivery and performance of the Credit Documents to which it is a party. Each Credit Party has duly executed and delivered the Credit Documents to which it is a party and all such documents constitute the legal, valid and
    binding obligation of such Credit Party enforceable in accordance with its terms, subject to the effects of bankruptcy, insolvency, fraudulent conveyance, moratorium, reorganization and other similar laws relating to or affecting creditors’ rights
    generally and general principles of equity (whether considered in a proceeding in equity or law).

   

  Section 8.03        No Violation. The execution, delivery and
    performance by any Credit Party of the Credit Documents to which it is a party and compliance with the terms and provisions thereof will not (a)  contravene any applicable provision of any Applicable Law of any Governmental Authority in any material
    respect, (b) result in any breach of any of the terms, covenants, conditions or provisions of, or constitute a default under, or result in the creation or imposition of (or the obligation to create or impose) any Lien upon any of the property or assets
    of any Credit Party (other than Liens created under the Credit Documents) pursuant to, (i) the terms of any indenture, loan agreement, lease agreement, mortgage or deed of trust, or (ii) any other Contractual Obligation, in the case of either clause
    (i) and (ii) to which any Credit Party is a party or by which it or any of its property or assets is bound or (c) violate any provision of the Organization Documents of any Credit Party, except with respect to any conflict, breach, contravention or
    default referred to in clauses (b)(i) or (b)(ii), to the extent such conflict, breach, contravention or default would, individually or in the aggregate, not reasonably be expected to have a Material Adverse Effect.

   

  
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  Section 8.04         Labor Controversies. (a) There is no
    pending or, to the knowledge of any Credit Party, threatened, litigation, action, proceeding or unfair labor practice complaint before the National Labor Relations Board, grievance or arbitration proceeding arising out of or under any collective
    bargaining agreement, strike, lockout or slowdown against any Credit Party or any Subsidiary of a Credit Party that, either individually or in the aggregate, could reasonably be expected to have a Material Adverse Effect, and (b)  all payments due from
    a Credit Party or any Subsidiary of a Credit Party, or for which any material claim may be made against a Credit Party or any Subsidiary of a Credit Party, on account of wages and employee health and welfare insurance and other benefits, have been paid
    or accrued as a liability on the books of such Credit Party or Subsidiary in accordance with the Accounting Principles, except to the extent that could not, either individually or in the aggregate, reasonably be expected to have a Material Adverse
    Effect.

   

  Section 8.05         Litigation. There are no actions, suits,
    proceedings, claims or disputes pending or, to the knowledge of the Borrower, threatened in writing, at law, in equity, in arbitration or before any Governmental Authority, by or against any Credit Party or any Subsidiary of a Credit Party or against
    any of their respective properties or revenues (in each case, other than in respect of data privacy matters subject to the terms and conditions of Section 8.14(d)) that have a reasonable likelihood of adverse determination either individually or in the
    aggregate, that could reasonably be expected to have a Material Adverse Effect.

   

  Section 8.06          Use of Proceeds; Regulations U and X. The
    proceeds of the Loans are intended to be and shall be used solely for the purposes set forth in and permitted by Section 9.11. No Credit Party is engaged in the business of extending credit for the purpose of purchasing or carrying margin stock
    (within the meaning of Regulation U), and no proceeds of any Credit Extension will be used to purchase or carry margin stock or otherwise for a purpose which violates, or would be inconsistent with Regulation U or Regulation X.

   

  Section 8.07         Approvals, Consents, etc. No authorization
    or approval or other action by, and no notice to or filing with, any Governmental Authority or other Person, and no consent or approval under any material contract or instrument (other than (a) those that have been duly obtained or made and which are
    in full force and effect, or (other than in the case of government approvals) if not obtained or made, individually or in the aggregate, would not reasonably be expected to have a Material Adverse Effect, (b) the filing of UCC financing statements and
    other equivalent filings for foreign jurisdictions and (c) for Intellectual Property registered or issued in the United States that is Collateral, filings in the United States Patent and Trademark Office and United States Copyright Office, as
    applicable) is required for the due execution, delivery or performance by any Credit Party of any Credit Document to which it is a party; provided, however, the foregoing does not apply to Intellectual Property that is Collateral
    arising under the laws of any jurisdiction outside of the United States. There does not exist any judgment, order, injunction or other restraint issued or, to the knowledge of the Borrower, filed with respect to the transactions contemplated by the
    Credit Documents, the making of any Credit Extension or the performance by the Credit Parties or any of their respective Subsidiaries of their Obligations under the Credit Documents.

   

  
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  Section 8.08         Investment Company Act. No Credit Party nor
    any Subsidiary of a Credit Party is, or will be after giving effect to the transactions contemplated under the Credit Documents, an “investment company”, within the meaning of the Investment Company Act of 1940.

   

  Section 8.09         Accuracy of Information. None of the
    factual written information and data (taken as a whole and excluding any projections, estimates and other forward-looking statements and general economic and industry information) at any time furnished by any Credit Party, any of their respective
    Subsidiaries or any of their respective authorized representatives in writing to any Agent or any Lender (including all factual information contained in the Credit Documents) for purposes of or in connection with this Agreement contains any untrue
    statement of a material fact or omits to state any material fact necessary to make such information and data (taken as a whole) not materially misleading, in each case, at the time such information was provided in light of the circumstances under which
    such information or data was furnished; provided, that to the extent such information, report, financial statement, or other factual information or data was based upon or constitutes a forecast or projection or other forward looking
    information, each of the Credit Parties represents only that it acted in good faith and utilized assumptions believed by it to be reasonable at the time such forecasts, projections or information were made available to any Agent or any Lender. Agents
    and Lenders acknowledge that such forecasts, projections and other forward looking information are not to be viewed as facts and are not a guarantee of financial performance, are subject to significant uncertainties and contingencies, which may be
    beyond the control of the Credit Parties, that no assurance is given by any Credit Party that the results forecasted in any such projections will be realized, and that actual results covered by such forecasts, projections and other forward looking
    information may differ from the projected results and that such differences may be material.

   

  Section 8.10        Financial Condition; Financial Statements.
    The Historical Financial Statements present fairly in all material respects the financial position and results of operations of the Target and its Subsidiaries at the respective dates of such information and for the respective periods covered thereby,
    subject in the case of unaudited financial information, to changes resulting from normal year end audit adjustments, the absence of footnotes and compliance with purchase accounting rules and requirements. The Historical Financial Statements which are
    audited have been prepared in accordance with the Accounting Principles consistently applied throughout the period covered thereby except as specifically described therein.

   

  Section 8.11        Tax Returns and Payments. Except as
    disclosed in Schedule 8.11, each Credit Party and its Subsidiaries has filed or has caused to be filed all material Tax returns, domestic and foreign, required to be filed by it and has paid or has caused to be paid all material amounts of
    Taxes and assessments payable by it that have become due and payable or contested in good faith by appropriate proceedings diligently conducted with respect to which such Credit Party or such Subsidiary thereof has maintained adequate reserves in
    accordance with GAAP. No material Tax Lien has been filed, and, to the knowledge of any Credit Party and its Subsidiaries, no claim is being asserted, with respect to any Taxes. No Credit Party or any of its Subsidiaries has ever “participated” in a
    “listed transaction” within the meaning of United States Treasury Regulations Section 1.6011-4.

   

  
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  Section 8.12         Compliance with ERISA. Except as could not,
    individually or in the aggregate, reasonably be expected to result in a Material Adverse Effect: (i) each Plan is in compliance with ERISA, the Code and any Applicable Law; (ii) no Reportable Event has occurred (or is reasonably likely to occur) with
    respect to any Pension Plan; (iii) each Plan that is intended to qualify under Section 401(a) of the Code has received a favorable determination, opinion or advisory letter from the Internal Revenue Service; (iv) no Multiemployer Plan is insolvent or
    in endangered or critical status within the meaning of Section 432 of the Code (or is reasonably likely to be insolvent), and no written notice of any such insolvency has been given to any of the Credit Parties, any of their respective Subsidiaries or
    any ERISA Affiliate; (v) no Pension Plan is, or is reasonably expected to be, in “at risk” status (as defined in Section 430 of the Code or Section 303 of ERISA); (vi) no Pension Plan has failed to satisfy the minimum funding standard of Section 412 of
    the Code or Section 302 of ERISA (whether or not waived in accordance with Section 412(c) of the Code or Section 302(c) of ERISA) (or is reasonably likely to do so); (vii) no failure to make any required installment under Section 430(j) of the Code
    with respect to any Pension Plan or any failure of a Credit Party, any of their respective Subsidiaries or any ERISA Affiliate to make any required contribution to a Multiemployer Plan when due has occurred; (viii) none of the Credit Parties, any of
    their respective Subsidiaries or any ERISA Affiliate has incurred (or is reasonably expected to incur) any liability to or on account of a Pension Plan or a Multiemployer Plan pursuant to Section 4062, 4063, 4064, 4069, 4201 or 4204 of ERISA or has
    been notified in writing that it will incur any liability under any of the foregoing Sections with respect to any Pension Plan or Multiemployer Plan; and (ix) no proceedings have been instituted (or are reasonably likely to be instituted) to terminate
    any Pension Plan or to appoint a trustee to administer any Pension Plan, and no written notice of any such proceedings has been given to any of the Credit Parties, any of their respective Subsidiaries or any ERISA Affiliate. Except as could not,
    individually or in the aggregate, reasonably be expected to have a Material Adverse Effect, no Lien imposed under the Code or ERISA on the assets of any of the Credit Parties, any of their respective Subsidiaries or any ERISA Affiliate on account of a
    Pension Plan or Multiemployer Plan exists (or is reasonably likely to exist) nor have the Credit Parties, any of their respective Subsidiaries or any ERISA Affiliate been notified in writing that such a Lien will be imposed on the assets of any of the
    Credit Parties, any of their respective Subsidiaries or any ERISA Affiliate on account of any Pension Plan or Multiemployer Plan. No Pension Plan has an Unfunded Current Liability that would reasonably be expected to result in a Material Adverse
    Effect. No material liability to a Multiemployer Plan as a result of a complete or partial withdrawal from such Multiemployer Plan, as such terms are defined in Part I of Subtitle E of Title IV of ERISA has been, or is reasonably expected to be,
    incurred by any Credit Party, any of their respective Subsidiaries.

    

  Section 8.13         Subsidiaries. (a) As of the Closing Date,
    none of the Credit Parties has any Subsidiaries or joint ventures other than the Subsidiaries and joint ventures listed on Schedule 8.13, (b) on any applicable date thereafter, none of the Credit Parties has any Subsidiaries or joint ventures
    other than the Subsidiaries and joint ventures listed on Schedule 8.13, including any updates made thereto pursuant to and in accordance with Section 9.01(e), and (c) as of the Closing Date, none of the Credit Parties has any Subsidiary
    that would constitute an Excluded Subsidiary restricted by any contractual obligation from guaranteeing the obligations of the Borrower hereunder other than those Excluded Subsidiaries existing on the Closing Date and listed on Schedule 8.13. Schedule

      8.13 describes the ownership interest of each of the Credit Parties in each Subsidiary, including the number of each class of Capital Stock authorized and the number outstanding, the number of Capital Stock covered by all outstanding options,
    warrants, rights of conversion or similar rights.

   

  Section 8.14          Intellectual Property.

   

  (a)            Each Credit Party exclusively owns and possesses all
    right, title and interest in and to the Owned IP, and (ii) each Credit Party has sufficient rights pursuant to a license or other valid and enforceable rights to all other material Intellectual Property used in, or held for use in, the operation of
    each Credit Party’s business as currently conducted, in each case of clauses (i) and (ii), free and clear of all Liens, other than Permitted Liens. Each Credit Party that is party to an Intellectual Property license is in compliance in all material
    respects with all terms and requirements of such Intellectual Property license. To the knowledge of any Credit Party, all Owned IP is subsisting, valid, and enforceable.

   

  (b)            To the knowledge of any Credit Party, no Credit Party,
    the conduct of the business of any Credit Party or any products or services of any Credit Party infringes upon, misappropriates, dilutes, or otherwise violates, or has in the past three (3) years infringed, misappropriated, diluted or otherwise
    violated, the Intellectual Property rights or other proprietary rights of any Person, except to the extent that such infringement, misappropriation, dilution, or other violation, individually or in the aggregate, could not reasonably be expected to
    have a Material Adverse Effect. There have not been any proceedings pending or threatened in writing, or other written claims sent or received in the past three (3) years, by or against a Credit Party regarding Intellectual Property (including that
    allege that any Credit Party is infringing, misappropriating or otherwise violating the rights of any Person with regard to any Intellectual Property), except to the extent that such proceedings or other written claims, individually or in the
    aggregate, could not reasonably be expected to have a Material Adverse Effect. To the knowledge of any Credit Party, no Person is misappropriating, infringing, diluting or otherwise violating Owned IP.

   

  
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  (c)            Except as could not, individually or in the aggregate,
    reasonably be expected to have a Material Adverse Effect, each employee, independent contractor, and consultant (each a “Representative”) of Borrower or any Subsidiary has executed an agreement with Borrower or such Subsidiary with
    respect to Intellectual Property (each such agreement, an “IP Assignment”) pursuant to which the Representative (i) agrees to protect the confidential information of Borrower or such Subsidiary from unauthorized disclosure, and (ii) makes
    an assignment to Borrower or any Subsidiary of all right, title and interest in and to all material Intellectual Property authored, conceived, developed, reduced to practice, modified, or improved, by such Representative in the course of the
    Representative’s employment or engagement by the Borrower or such Subsidiary, as applicable. To the knowledge of Borrower, no Representative is in breach of any IP Assignment.

   

  (d)            Except such data privacy matters as have been identified
    to the Administrative Agent prior to Closing, subject to Section 9.18, and except as could not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect, each Credit Party is diligently pursuing compliance with
    all Privacy and Security Laws.

   

  (e)            Each Credit Party uses commercially reasonable efforts to
    protect the confidentiality, integrity and security of the Computer Systems used in the operation of the business of the Credit Parties and to prevent any unauthorized use, access, or material interruption of the Computer Systems. To the knowledge of
    any Credit Party, such Computer Systems (i) are sufficient, in all material respects, for the immediate needs of the Credit Parties, and (ii) are in sufficiently good working condition to perform all information technology operations of the Credit
    Parties as currently conducted. In the last three (3) years, there have been no unauthorized intrusions, prolonged failures or breakdowns, or continued substandard performance affecting any such Computer Systems that have caused any material disruption
    of or material interruption in or to the use of such Computer Systems. The Credit Parties maintain commercially reasonable disaster recovery and business continuity plans and procedures in connection with the operation of the business of the Credit
    Parties.

   

  (f)             Except as could not, individually or in the aggregate,
    reasonably be expected to have a Material Adverse Effect, none of the Software of the Credit Parties is subject to any “open source,” “copyleft” or analogous license (including any license approved by the Open Source Initiative and listed at
    http://www.opensource.org/licenses, GPL, AGPL or other open source software license) in a manner that has or would require any public distribution of any such Software.

   

  (g)            No material source code owned by any Credit Party has
    been disclosed, released, made available, or delivered (and no Person has agreed to disclose, release, or deliver such source code under any circumstance) to any third party (except for authorized employees, consultants, or independent contractors who
    are subject to non-disclosure agreements). To each Credit Party’s knowledge, no event has occurred, and no circumstance or condition exists as of the Closing Date, that (with or without notice or lapse of time, or both) will, or would reasonably be
    expected to, result in a requirement that any material source code owned by any Credit Party be disclosed, licensed, released, made available, or delivered to any third party.

   

  
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  Section 8.15          Environmental Warranties. (a) Except as
    could not, individually or in the aggregate, reasonably be expected to result in a Material Adverse Effect, (i) the Credit Parties and each of their respective Subsidiaries are, and have been, in compliance with all Environmental Laws, including in all
    jurisdictions in which the Credit Parties or such Subsidiary, as the case may be, are currently doing business (ii) the Credit Parties and each of their respective Subsidiaries have obtained and are, and have been, in compliance with all permits,
    registrations, approvals, certificates, licenses and other authorizations required under Environmental Laws, (iii) none of the Credit Parties or any of their respective Subsidiaries has received, or become subject to, any pending Environmental Claim or
    other liability under any Environmental Law or, to the knowledge of such Credit Party, threatened Environmental Claim or other liability under any Environmental Law, and (iv) none of the Credit Parties or their respective Subsidiaries has assumed,
    undertaken, provided any indemnity with respect to, or otherwise become subject to, any liability of any other Person relating to Environmental Laws or Hazardous Materials.

   

  (b)            None of the Credit Parties or any of their respective
    Subsidiaries has treated, stored, transported, released, manufactured, disposed of, arranged for or permitted the disposal of, handled, or exposed any Person to, or owned or operated any property or facility contaminated by, any Hazardous Materials,
    including at or from any currently or formerly owned or operated Real Property or facility relating to its business in a manner that could reasonably be expected to have a Material Adverse Effect.

   

  Section 8.16          Ownership of Properties. As of the Closing
    Date, each Credit Party and each of its Subsidiaries has good and marketable fee simple title to, or valid leasehold interests in, or easements or other limited property interests in, all its Real Property, as disclosed on Schedule 8.16, and
    has good and marketable title to, or valid leasehold interests in, or licenses of its material personal property and material assets, in each case, except for defects in title that do not materially interfere with its ability to conduct its business as
    currently conducted or to utilize such properties and assets for their intended purposes. All such properties and assets are free and clear of Liens, other than Liens permitted by Section 10.02.

   

  Section 8.17           No Default. No Default or Event of
    Default has occurred or is continuing that would, either individually or in the aggregate, reasonably be expected to have a Material Adverse Effect.

   

  Section 8.18          Solvency. On the Closing Date after giving
    effect to the Transactions and the other transactions related thereto, Holdings and its Subsidiaries, on a consolidated basis, are Solvent.

   

  Section 8.19          Security Documents. The Security Pledge
    Agreement, upon execution and delivery thereof by the parties thereto, will be effective to create in favor of the Collateral Agent, for the benefit of the Secured Parties, a legal, valid and enforceable first priority (subject only to Permitted Liens)
    security interest in the Collateral described therein and proceeds thereof, subject to the effects of bankruptcy, insolvency, fraudulent conveyance, moratorium, reorganization and other similar laws relating to or affecting creditors’ rights generally
    and general principles of equity (whether considered in a proceeding in equity or law). In the case of the Pledged Stock described in the Security Pledge Agreement, when stock certificates representing such Pledged Stock are delivered to the Collateral
    Agent (together with a properly completed and signed undated endorsement), and in the case of the other Collateral described in the Security Pledge Agreement, when financing statements and other filings specified on Schedule 8.19 in appropriate
    form are filed in the offices specified on Schedule 8.19, the Security Pledge Agreement shall constitute a fully perfected Lien on, and first priority (subject only to Permitted Liens) security interest in, all right, title and interest of the
    Credit Parties in such Collateral and the proceeds thereof (other than Intellectual Property registered or issued in the United States that is Collateral for which additional filings in the United States Patent and Trademark Office and United States
    Copyright Office, as applicable, are required to be made under Applicable Laws, in each case, if and to the extent perfection may be achieved by such filings and with respect to Pledged Stock of any Foreign Subsidiary which may require additional
    documents under Applicable Laws, if and to the extent perfection may be achieved by such delivery and/or such filings) to the extent such proceeds can be protected by such filings, as security for the Obligations.

   

  
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  Section 8.20         Compliance with Laws; Authorizations. Each
    Credit Party and each Subsidiary of a Credit Party: (i) is in compliance with all Applicable Laws and (ii) has all requisite governmental licenses, authorizations, consents and approvals to operate its business as currently conducted, except, in the
    case of each of clauses (i) and (ii), to the extent that failure to do so could not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect.

   

  Section 8.21         No Material Adverse Effect. (a) As of the
    Closing Date, no event or events shall have occurred which individually or in the aggregate has had, or would reasonably be expected to have, a Material Adverse Effect and (b) after the Closing Date, since December 31, 2019, there has been no Material
    Adverse Effect.

   

  Section 8.22        Status of Holdings. Holdings does not and
    shall not engage in any business activities other than those (a) incidental to (i) ownership of Capital Stock in its Subsidiaries or making capital contributions to its Subsidiaries, (ii) the maintenance of its corporate existence or under any
    employment agreements and any documents related thereto, (iii) any public offering of its Capital Stock or any other issuance of its Capital Stock not prohibited by Article X, (v) the appointment of directors and officers and the compensation thereof
    in accordance with the terms of this Agreement, (vi) using the proceeds of Restricted Payments permitted by Section 10.06 as contemplated by Section 10.06 (including, without limitation, making Restricted Payments to the extent
    permitted by Section 10.06), (vii) purchasing Obligations in accordance with this Agreement, or (b) transactions expressly described herein as involving Holdings and permitted under this Agreement or permitted by the immediately following
    proviso; provided that Holdings shall not incur any Indebtedness (other than guarantees of Indebtedness permitted hereunder and for the avoidance of doubt, notwithstanding anything contained herein to the contrary, Holdings shall be permitted
    to enter into guarantees to guaranty the obligations of Borrower and any of its Subsidiaries under real estate leases or with respect to any other obligations of its Subsidiaries not prohibited hereunder), make any Investment or own any Capital Stock
    in any Person (other than Capital Stock in its Subsidiaries and Investments permitted to be made by Holdings hereunder), or grant any Lien (other than Liens securing the Obligations pursuant to the Credit Documents to the extent permitted hereunder).

   

  Section 8.23         Insurance. The properties of each Credit
    Party are insured by financially sound and reputable insurance companies not Affiliates of any Credit Party against loss and damage in such amounts, with such deductibles and covering such risks as are customarily carried by Persons of comparable size
    and engaged in the same or similar businesses and owning similar properties in the general locations where such Credit Party operates, in each case, on the Closing Date, as described on Schedule 8.23, and on any applicable date thereafter, any
    updates made thereto pursuant to and in accordance with Section 9.01(e). No Credit Party has received or is aware of any notice of violation or cancellation of any such insurance policy.

   

  Section 8.24         Evidence of Other Indebtedness. As of the
    Closing Date, other than as listed on Schedule 8.24, the Credit Parties and each of their respective Subsidiaries have no outstanding Funded Debt other than the Loans hereunder and other Funded Debt permitted under Section 10.01.

   

  Section 8.25         Senior Indebtedness. The obligations of the
    Credit Parties under the Credit Documents for principal, interest (including, to the extent legally permitted, all interest accrued thereon after the commencement of any insolvency or liquidation proceeding at the rate, including any applicable
    post-default rate, specified in the applicable agreement), premium (if any), fees, indemnifications, reimbursements, expenses, damages and other liabilities payable under the Credit Documents constitute “Senior Indebtedness” (or any comparable term).

   

  
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  Section 8.26        [Reserved].

   

  Section 8.27        Patriot Act. The Credit Parties and each of
    their Subsidiaries are in compliance in all material respects with (a) the Trading with the Enemy Act, and each of the foreign assets control regulations of the United States Treasury Department and any other enabling legislation or executive order
    relating thereto, (b) the Patriot Act and (c) other federal or state laws relating to “know your customer” and anti-money laundering rules and regulations. No part of the proceeds of any Loan will be used directly or indirectly for any payments to any
    government official or employee, political party, official of a political party, candidate for political office, or anyone else acting in an official capacity, in order to obtain, retain or direct business or obtain any improper advantage, in violation
    of the United States Foreign Corrupt Practices Act of 1977.

   

  Section 8.28        Foreign Assets Control Regulations and Anti-Money
      Laundering. (a) Each Credit Party and each Subsidiary of each Credit Party and each of their and their respective officers and directors and to the knowledge of the Borrower, its employees and agents, are in compliance with and will remain in
    compliance in all material respects with all United States economic sanctions laws, executive orders and implementing regulations (collectively, “Sanctions”) as promulgated by the United States Treasury Department’s Office of Foreign
    Assets Control (“OFAC”) and the U.S. Department of State, and all applicable anti-money laundering and counter-terrorism financing provisions of the Bank Secrecy Act and all regulations issued pursuant to it. No Credit Party and no
    Subsidiary of a Credit Party, or to the knowledge of such Credit Party or Subsidiary any of their respective directors, officers or employees, or any agent of any Credit Party or any Subsidiary that will act in any capacity in connection with or
    benefit from the Credit Facility established hereby (i) is a Person designated by the United States government on the list of the Specially Designated Nationals and Blocked Persons (the “SDN List”) with which a United States Person cannot
    deal with or otherwise engage in business transactions, (ii) is a Person who is otherwise the target of United States economic sanctions laws such that a United States Person cannot deal or otherwise engage in business transactions with such Person or
    (iii) is controlled by (including without limitation by virtue of such person being a director or owning voting shares or interests), or acts, directly or indirectly, for or on behalf of, any person or entity on the SDN List or a foreign government
    that is the target of United States economic sanctions prohibitions such that the entry into, or performance under, this Agreement or any other Credit Document would be prohibited under United States law (persons described in (i)-(iii) foregoing being
    “Sanctioned Persons”).

   

  (b)            Each Credit Party and each Subsidiary of each Credit
    Party and each of their and their respective officers and directors, and to the knowledge of the Credit Parties, their respective employees and agents, are in compliance with the Anti-Corruption Laws in all material respects and will remain in
    compliance in all material respects with such laws. The Credit Parties will maintain in effect and enforce policies and procedures designed to promote compliance in all material respects by the Credit Parties, their Subsidiaries and their respective
    directors, officers, employees and agents with Anti-Corruption Laws and applicable sanctions. The Borrower will not request any Borrowing, and the Credit Parties shall not use, and shall procure their Subsidiaries and its or their respective directors,
    officers, employees and agents shall not use, the proceeds of any Borrowing (A) in furtherance of an offer, payment, promise to pay, or authorization of the payment or giving of money, or anything else of value, to any Person in violation of any
    Anti-Corruption Laws, (B) for the purpose of funding, financing or facilitating any activities, business or transaction of or with any Sanctioned Person, or in any country, region or territory which is itself the subject or target of any Sanctions (at
    the time of this Agreement, Crimea, Cuba, Iran, North Korea and Syria), to the extent such activities, business or transaction would be prohibited by Sanctions if conducted by a corporation incorporated in the United States, or (C) in any manner that
    would result in the violation of any Sanctions applicable to any party hereto.

   

  
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  Section 8.29          Broker’s Fees. No broker’s or finder’s fee
    or commission will be payable with respect to the Credit Facility except as payable to the Agents and the Lenders.

   

  ARTICLE IX

   

  Affirmative Covenants

   

  The Credit Parties hereby covenant and agree that on the Closing Date and thereafter, until the Total
    Commitments have terminated and the Loans, together with interest, Fees and all other Obligations incurred hereunder (other than Unasserted Contingent Obligations) are paid in full in accordance with the terms of this Agreement:

   

  Section 9.01         Financial Information, Reports, Notices and
      Information. The Credit Parties will furnish the Administrative Agent (for itself, the Collateral Agent and each Lender) copies of the following financial statements, reports, notices and information:

   

  (a)            Unaudited Monthly Financial Statements. Commencing
    with the first full fiscal month of Holdings occurring after the Closing Date, within forty-five (45) days after the end of each fiscal month (other than any quarter-end) of Holdings, unaudited financial statements consistent with the information
    delivered pursuant to Section 9.01(c).

   

  (b)            Unaudited Quarterly Financial Statements. Within
    forty-five (45) days after the end of the last fiscal quarter of each fiscal year of Holdings, preliminary unaudited financial statements consistent with the information delivered pursuant to Section 9.01(c) for the fourth quarter of each
    fiscal year of Holdings, provided that such unaudited financial information shall be accompanied by calculations of all items otherwise required to be delivered pursuant to a Compliance Certificate.

   

  (c)           Quarterly Financial Statements. Commencing with
    the first full fiscal quarter of Holdings occurring after the Closing Date, within forty-five (45) days after the end of the first three (3) fiscal quarters of each fiscal year of Holdings, (x) unaudited consolidated balance sheets of Holdings and its
    Subsidiaries as of the end of such fiscal quarter and (y) unaudited consolidated statements of income and cash flow of Holdings and its Subsidiaries for such fiscal quarter, and for the portion of the fiscal year then ended, and setting forth in
    comparative form the figures for the comparable fiscal quarter, portion of the fiscal year for the previous fiscal year and the budget for such fiscal year, all certified by an Authorized Officer of Borrower as being complete and correct in all
    material respects fairly presenting, in all material respects, in accordance with the Accounting Principles, the financial position and the results of operations of Holdings and its Subsidiaries, subject to normal year-end adjustments and absence of
    footnote disclosures, together with a management discussion and analysis report pursuant to Section 9.01(k).

   

  (d)           Annual Financial Statements. Within one hundred
    and twenty (120) days after the end of each fiscal year of Holdings beginning with the fiscal year of Holdings ending December 31, 2020, copies of the consolidated balance sheets of Holdings and its Subsidiaries, and the related consolidated statements
    of income and cash flows of Holdings and its Subsidiaries for such fiscal year setting forth in comparative form the figures for the immediately preceding fiscal year and the budget for such year, such consolidated statements audited and certified
    without any “going concern” or like qualification or exception or any qualification, limitation or exception as to the scope of such audit, by a nationally recognized independent accounting firm stating that such consolidated financial statements
    present fairly in all material respects the financial position for the periods indicated in conformity with the Accounting Principles applied on a basis consistent with prior years or identifying any modification on such application of the Accounting
    Principles, together with a management discussion and analysis report pursuant to Section 9.01(k).

   

  
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  (e)            Compliance Certificates. Concurrently with the
    delivery of the financial information pursuant to clauses (c) or (d) above, as applicable, a Compliance Certificate, executed by an Authorized Officer of Holdings, (i) showing in reasonable detail the calculation of the Total Leverage Ratio and
    compliance with the Financial Performance Covenant and stating that no Default or Event of Default has occurred and is continuing (or, if a Default or an Event of Default has occurred and is continuing, specifying the details of such Default or Event
    of Default and the actions taken or to be taken with respect thereto) and containing the applicable certifications set forth in Section 8.09 with respect thereto, (ii) including a written supplement substantially in the form of Schedules 3, 4 and 5, as
    applicable, to the Security Pledge Agreement with respect to any additional assets and property acquired by any Credit Party after the Closing Date, all in reasonable detail; provided, that a written supplement to Schedule 3 to the Security Pledge
    Agreement shall only be required with respect to Patents and Trademarks (each as defined in the Security Pledge Agreement) in Compliance Certificates delivered concurrently with the delivery of financial information pursuant to clause (d) above, and
    (iii) solely with the delivery of the financial information pursuant to clause (d) above, showing a calculation of Consolidated Excess Cash Flow and the required prepayment due pursuant to Section 5.02(a)(i).

   

  (f)             Budget. Within sixty (60) days after the
    commencement of each fiscal year of Holdings, commencing with the fiscal year beginning January 1, 2021, the forecasted financial projections for the then current fiscal year on a quarter-by-quarter basis, as customarily prepared by management of the
    Credit Parties for their internal use consistent in scope with the projections provided to the Administrative Agent prior to the Closing Date (including high-level assumptions made in the build-up of such budget).

   

  (g)            Defaults; Litigation. Promptly, and not later than
    five (5) Business Days after an Authorized Officer of any Credit Party or any of their respective Subsidiaries obtains knowledge thereof, notice from an Authorized Officer of the Borrower of (i) the occurrence of any event that constitutes a Default or
    an Event of Default, which notice shall specify the nature thereof, the period of existence thereof and what action the applicable Credit Parties propose to take with respect thereto, and (ii) (A) the occurrence of any material litigation, action,
    proceeding, labor controversy, or investigation with regards to Privacy and Security Laws or (B) the commencement of any litigation, action, proceeding, labor controversy, or investigation with regards to Privacy and Security Laws, and to the extent
    the Administrative Agent reasonably requests, copies of all material documentation related thereto (other than documentation the disclosure of which would breach a confidentiality agreement or result in the Credit Parties of their respective
    Subsidiaries waiving the attorney client privilege).

   

  (h)            Other Litigation. Promptly, and not later than
    five (5) Business Days after becoming aware of any material pending or threatened (in writing) litigation, action, proceeding or other controversy which purports to affect the legality, validity or enforceability of any Credit Document, a statement of
    an Authorized Officer of the Borrower, which notice shall specify the nature thereof, and what actions the applicable Credit Parties propose to take with respect thereto, together with copies of all relevant material documentation.

   

  (i)             Transaction Documents. Promptly, and not later
    than five (5) Business Days after any Credit Party obtains knowledge of the occurrence of (i) a material breach or material default or notice of termination by any party under, or material amendment to, any Transaction Document or any other document or
    instrument referred to in Section 10.07(a), or (ii) any material breach, default or notice of termination by any party under, or amendment to, any document or instrument referred to in Section 10.07(b), in the case of each of clauses
    (i) and (ii), a statement of an Authorized Officer of the Borrower setting forth details of such breach or default or notice of termination and the actions taken or to be taken with respect thereto and, if applicable, a copy of such amendment.

   

  
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  (j)             [Reserved].

   

  (k)            Management Discussion and Analysis. Together with
    each delivery of financial statements pursuant to (i) Sections 9.01(c) and 9.01(d), a management discussion and analysis report, in reasonable detail, signed by an Authorized Officer of the Borrower, describing the operations and
    financial condition of the Credit Parties and their Subsidiaries for the fiscal quarter and the portion of the fiscal year then ended, as applicable, and (ii) Sections 9.01(c) and 9.01(d), a report setting forth in comparative form the
    corresponding figures for the corresponding periods of the previous fiscal year and, with respect to the annual financial statements delivered pursuant to Section 9.01(d), the corresponding figures from the most recent projections for the
    current fiscal year delivered pursuant to Section 9.01(f) and discussing the reasons for any material variations.

   

  (l)             Key Performance Indicators. Together with each
    delivery of financial statements pursuant to Sections 9.01(a), 9.01(b) and 9.01(c), monthly and quarterly key performance indicators, as applicable, that provide detail on the monthly and quarterly operating trends for the
    Credit Parties, including but not limited to monthly average users, daily average users, subscribers, and average revenue per user, beginning with the first full fiscal month or quarter after the Closing Date.

   

  (m)           Equity Holder Reports. A copy of any report sent
    to the direct or indirect equity holders of the Borrower promptly following delivery to such holders.

   

  (n)            Governmental or Regulatory Communications. A copy
    of any non-routine material communications sent to or received from any Governmental Authority or other regulatory body to the extent practicable and not prohibited by Applicable Law, rule or regulation promptly after delivery thereof.

   

  (o)           [Reserved].

   

  (p)           [Reserved].

   

  (q)            [Reserved].

   

  (r)            Other Information. With reasonable promptness,
    such other information regarding the business, financial, legal or corporate affairs of the Credit Parties and their Subsidiaries as any Agent on its own behalf or on behalf of any Lender may reasonably request in writing from time to time (other than
    information the disclosure of which would breach a confidentiality agreement or result in the Credit Parties or their respective Subsidiaries waiving the attorney client privilege), including without limitation any information required by any Lender
    for compliance with the Beneficial Ownership Regulation.

   

  The Borrower hereby acknowledges that (a) the Administrative Agent will make available to the Lenders
    materials and/or information provided by or on behalf of Holdings or the Borrower hereunder (collectively, “Borrower Materials”) by posting the Borrower Materials on 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 and who may be engaged in investment and other market-related activities with respect to the Borrower’s or its Affiliates’ securities. The Borrower hereby agrees that it will
    use commercially reasonable efforts to identify that portion of the Borrower Materials that may be distributed to the Public Lenders and that (w) all such Borrower Materials shall be clearly and conspicuously marked “PUBLIC” which, at a minimum, shall
    mean that the word “PUBLIC” shall appear prominently on the first page thereof; (x) by marking Borrower Materials “PUBLIC,” the Borrower shall be deemed to have authorized the Administrative Agent and the Lenders to treat such Borrower Materials as not
    containing any material non-public information (although it may be sensitive and proprietary) (provided, however, that to the extent such Borrower Materials constitute Confidential Information, they shall be treated as set forth in
    Section 13.17); (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 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, the Borrower shall be under no obligation to mark any Borrower Materials as “PUBLIC”.
    Each Credit Party hereby acknowledges and agrees that, unless the Borrower notifies the Administrative Agent in advance, all financial statements and certificates furnished pursuant to Sections 9.1(a), (b), (c) and (d)
    above are hereby deemed to be suitable for distribution, and to be made available, to all Lenders and may be treated by the Administrative Agent and the Lenders as not containing any material non-public information.

   

  
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  Section 9.02         Books, Records and Inspections. The Credit
    Parties will, and will cause each of their respective Subsidiaries to, maintain books of record and account, in which entries that are in conformity with the Accounting Principles consistently applied shall be made of all material financial
    transactions and matters involving the assets and business of the Credit Parties or such Subsidiary, as the case may be so as to present fairly in all material respects the financial position and results of operations of Holdings and its Subsidiaries,
    subject to any adjustments or estimations in connection with a Specified Transaction permitted under the defined terms “Pro Forma Basis”. The Credit Parties will, and will cause each of their respective Subsidiaries to, permit representatives and
    independent contractors of the Agents 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 (at which an authorized representative of Holdings and the Borrower shall be entitled and have the opportunity to be present), all at the expense of the Credit Parties and (unless a Specified
    Event of Default or a Financial Covenant or Financial Reporting Event of Default has occurred and is continuing) at reasonable times during normal business hours, upon reasonable advance notice to the Credit Parties; provided, that, unless a
    Specified Event of Default or a Financial Covenant or Financial Reporting Event of Default has occurred and is continuing (a) there shall not be more than one such visit and inspection per year and (b) such visits and inspections shall be made upon at
    least five (5) Business Days’ notice at reasonable times during normal business hours. Any information obtained by the Agents pursuant to this Section 9.02 may be shared with other Secured Parties upon the request of such Secured Party.

   

  Section 9.03         Maintenance of Insurance. The Credit Parties
    will and will cause each of their respective Subsidiaries to at all times maintain in full force and effect, with insurance companies that the Credit Parties believe (in their reasonable business judgment) are financially sound and reputable at the
    time the relevant coverage is placed or renewed, 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; and will furnish to the Administrative Agent for further delivery to the Lenders, upon written request from the Administrative Agent, information presented in reasonable
    detail as to the insurance so carried, including (i) endorsements to (A) all “All Risk” policies (other than business interruption policies) naming the Administrative Agent, on behalf of the Secured Parties, as loss payee and (B) all general liability
    policies naming the Administrative Agent, on behalf of the Secured Parties, as additional insured and (ii) to the extent available from the relevant insurance carrier, legends providing that no cancellation, material reduction in the amount of
    insurance coverage thereof shall be effective until at least thirty (30) days (or ten (10) days in the case of cancellation for non-payment) after receipt by the Administrative Agent of written notice thereof. The Credit Parties will, and will cause
    each of their respective Subsidiaries to, pay when due all premiums with respect to such insurance policies and comply in all material respects with the requirements of such policies.

   

  
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  Section 9.04        Payment of Taxes. The Credit Parties will
    pay and discharge, and will cause each of their respective Subsidiaries to pay and discharge, all material Taxes, assessments and governmental charges or levies imposed upon it or upon its income or profits, or upon any properties belonging to it, as
    the same become due and payable and all lawful material claims that, if unpaid, could reasonably be expected to become a Lien having priority over the Collateral Agent’s Liens or an otherwise material Lien upon any properties of the Credit Parties or
    any of their respective Subsidiaries; provided, that none of the Credit Parties or any of their respective Subsidiaries shall be required to pay or discharge any such Tax, assessment, charge, levy, Lien or claim that is being contested in good
    faith and by proper proceedings diligently conducted as to which such Credit Party or its respective Subsidiary has maintained adequate reserves with respect thereto in accordance with GAAP.

   

  Section 9.05         Maintenance of Existence; Compliance with Laws,
      etc. Except to the extent permitted under Section 10.03 or Section 10.04, each Credit Party will, and will cause its Subsidiaries to, (a)  preserve and maintain in full force and effect its organizational existence, (b) preserve
    and maintain its good standing (to the extent such concept is applicable) under the laws of its state or jurisdiction of incorporation, organization or formation, and, to the extent that failure to do so would reasonably be expected to have a Material
    Adverse Effect, each state or other jurisdiction where such Person is qualified, or is required to be so qualified, to do business as a foreign entity, (c) except as provided in Section 9.18, comply in all material respects with all Applicable
    Laws, rules, regulations and orders except to the extent being diligently contested in good faith by appropriate proceedings and for which adequate reserves in accordance with the Accounting Principles have been established on the books of such Person
    or where the failure to comply could not, individually or in the aggregate, reasonably be expected to have a Material Adverse Effect, (d) preserve and maintain in full force and effect all rights, privileges, qualifications, permits and licenses
    necessary in the normal conduct of its business except in connection with transactions permitted by Section 10.03 and sales of assets permitted by Section 10.04 and except as would not reasonably be expected to have, either individually
    or in the aggregate, a Material Adverse Effect, (e) preserve or renew all of its material registered trademarks, trade names and service marks, and (f) conduct its business without infringement of any Intellectual Property of any other Person in any
    respect and shall comply in all respects with the terms of its licenses, except where the failure to do so, individually or in the aggregate, could not reasonably be expected to result in a Material Adverse Effect.

   

  Section 9.06         Environmental Compliance.

   

  (a)            Each Credit Party will, and will cause its Subsidiaries
    to, (i) use and operate all of its and their facilities and properties in material compliance with all Environmental Laws, (ii) obtain and maintain all necessary permits, registrations, approvals, certificate, licenses and other authorizations required
    under Environmental Laws in effect and remain in material compliance therewith, (iii) handle, store, transport and dispose of all Hazardous Materials in material compliance with all Environmental Laws, and (iv) keep its and their property free of any
    Lien imposed by any Environmental Law, in each case of clauses (i) to (iv) above, except where the failure to do so, individually or in the aggregate, could not reasonably be expected to result in a Material Adverse Effect.

   

  (b)           The Borrower will promptly give notice to the
    Administrative Agent upon any Credit Party or Subsidiary thereof becoming aware (i) of any material violation by any Credit Party or any of their respective Subsidiaries of, or liability under, any Environmental Law, (ii) of any written inquiry with
    respect to, proceeding against, written notice of investigation of or other action (including without limitation a written request for information or a written notice of violation or potential environmental liability from any foreign, federal, state or
    local environmental agency or board or any other Person) with respect to any Credit Party or any Subsidiary under any Environmental Law which would reasonably be expected to result in a Material Adverse Effect, or (iii) of the discovery of a release or
    threat of a release at, on, under or from any of the Real Property of any Credit Party or any Subsidiary or any facility or assets therein, which, individually or in the aggregate, could reasonably be expected to result in a Material Adverse Effect.

   

  
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  (c)            In the event of the presence of any Hazardous Material on
    any Real Property of any Credit Party, which, individually or in the aggregate, could reasonably be expected to result in a Material Adverse Effect, each Credit Party and its respective Subsidiaries, upon discovery thereof, shall take all necessary
    steps in accordance with Environmental Laws to initiate and reasonably expeditiously complete all response, corrective and other action to mitigate and eliminate any such violation or potential liability, and shall keep the Administrative Agent
    reasonably informed on a regular basis of their material actions and the results of such actions; provided that no Credit Party shall be required to undertake any such responsive action to the extent that its obligations to do so is being
    contested in good faith and by proper proceedings and appropriate reserves are being maintained with respect to such circumstances in accordance with the Accounting Principles.

   

  (d)            With respect to any event described in this Section
      9.06 which would reasonably be expected to result in a Material Adverse Effect, the Credit Parties shall provide the Administrative Agent with copies of any material notice, submittal or documentation provided by any Credit Party or any of their
    respective Subsidiaries to any Governmental Authority or other Person under any Environmental Law relating to such event. Such notice, submittal or documentation shall be provided to the Administrative Agent within thirty (30) Business Days after such
    material is provided to any Governmental Authority or third party.

   

  (e)            With respect to any event described in this Section
      9.06 which would reasonably be expected to result in a Material Adverse Effect, at the written request of the Administrative Agent, the Borrower shall provide, at its sole expense, an environmental site assessment (including, without limitation,
    the results of any groundwater or other testing, conducted at the Administrative Agent’s reasonable request) concerning any Real Property now or hereafter owned by any Credit Party or any of their respective Subsidiaries that is the subject of such
    event, conducted by an environmental consulting firm reasonably acceptable to the Administrative Agent indicating the likely presence or absence of Hazardous Materials that would reasonably be expected to require further action under Environmental Laws
    and the potential cost of any required action in connection with any Hazardous Materials on, at, under or emanating from such Real Property; provided, if the Borrower fails to provide the same within sixty (60) days (or such longer period as
    the Administrative Agent may agree to in writing) after such request was made, the Administrative Agent may, but is under no obligation to, conduct the same, and the Credit Parties shall grant and hereby do grant to the Administrative Agent and its
    agents reasonable access to such Real Property.

   

  Section 9.07          ERISA. (a) Promptly after any Credit Party
    or any of their respective Subsidiaries knows of the occurrence (or expected occurrence) of any of the following events that individually or in the aggregate would reasonably be expected to result in a Material Adverse Effect, the Borrower will deliver
    to the Agents and each Lender a certificate of an Authorized Officer of the Borrower setting forth details as to such occurrence and the action, if any, that such Credit Party, such Subsidiary or an ERISA Affiliate is required or proposes to take,
    together with any notices (required, proposed or otherwise) given to or filed with or by such Credit Party, such Subsidiary or ERISA Affiliate (to the extent reasonably obtainable by a Credit Party) with respect thereto: that a Reportable Event with
    respect to a Pension Plan has occurred; that a failure to satisfy the minimum funding standard of Section 412 of the Code or Section 302 of ERISA (whether or not waived in accordance with Section 412(c) of the Code or Section 302(c) of ERISA) has
    occurred (or is reasonably likely to occur) with respect to a Pension Plan or an application is to be made to the Secretary of the Treasury for a waiver or modification of the minimum funding standard (including any required installment payments) or an
    extension of any amortization period under Section 412 or 430 of the Code with respect to a Pension Plan; that a Multiemployer Plan has been or is to be terminated, partitioned or declared insolvent under Title IV of ERISA; that steps will be or have
    been instituted to terminate any Pension Plan (including the giving of written notice thereof); that any Credit Party, Subsidiary or ERISA Affiliate has failed to make any required contribution to a Multiemployer Plan, or that a proceeding has been
    instituted against a Credit Party, a Subsidiary thereof or an ERISA Affiliate pursuant to Section 515 of ERISA to collect a delinquent contribution to a Multiemployer Plan; that the PBGC has notified any Credit Party, any Subsidiary thereof or any
    ERISA Affiliate of its intention to appoint a trustee to administer any Pension Plan; that any Credit Party, any Subsidiary thereof or any ERISA Affiliate has failed to make a required installment or other payment pursuant to Section 412 of the Code
    with respect to a Pension Plan; that any action has occurred with respect to a Plan which would reasonably be expected to result in the requirement that any Credit Party furnish a bond or other security to the PBGC or such Plan; that any Credit Party,
    any Subsidiary thereof or any ERISA Affiliate has incurred or will incur (or has been notified in writing that it will incur) any liability to or on account of a Pension Plan or Multiemployer Plan pursuant to Section 4062, 4063, 4064, 4069 or 4201 of
    ERISA; or that there has been a failure to comply with ERISA, the Code or other Applicable Law with respect to a Plan.

   

  
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  (b)           Promptly following any reasonable request by any Agent
    therefor, copies of any documents described in Section 101(k) of ERISA that any Credit Party or any of their respective Subsidiaries has received with respect to any Multiemployer Plan or any notices described in Section 101(l) of ERISA that any Credit
    Party or any of their respective Subsidiaries has received with respect to any Multiemployer Plan; provided, that if any Credit Party or any of their respective Subsidiaries has not requested such documents or notices from the administrator or
    sponsor of the applicable Multiemployer Plan, the applicable Credit Party or the applicable Subsidiary(ies), upon the request therefor by any Agent, shall promptly make a request for such documents or notices from such administrator or sponsor and
    shall provide copies of such documents and notices promptly after receipt thereof; provided, further, that this paragraph (b) shall also apply to all documents and notices described in Section 101(k) or 101(l) of ERISA with respect to a
    Multiemployer Plan to which an ERISA Affiliate contributes or has any obligation, actual or contingent, to make any contribution or payment, if any Credit Party or any of their respective Subsidiaries would reasonably be expected to result in a
    Material Adverse Effect under such Multiemployer Plan.

   

  Section 9.08         Maintenance of Properties. Each Credit
    Party will, and will cause its Subsidiaries to, (i) maintain, preserve, protect and keep its tangible properties and assets in good repair, working order and condition (ordinary wear and tear excepted and subject to transactions permitted pursuant to Section

      10.03 or Section 10.04), and make necessary repairs, renewals and replacements thereof (ii) protect, preserve, maintain and renew all Company Owned IP (unless, in the applicable Credit Party’s reasonable business judgment, such Company
    Owned IP is not material to the business and no longer economically practicable or commercially desirable to maintain, or used or useful in its business, in each case, in the ordinary course of business) and (iii) maintain and renew as necessary all
    licenses, permits and other clearances necessary to use and occupy such properties and assets, in each case of subsections (i) through (iii), except where the failure to do so, individually or in the aggregate, could not reasonably be expected to have
    a Material Adverse Effect.

   

  Section 9.09         Additional Guarantors and Grantors.

   

  (a)            Subject to any applicable limitations set forth herein or
    in the Guarantee Agreement and the Security Pledge Agreement, as applicable, the Credit Parties will within thirty (30) days after the formation or acquisition thereof (or such longer period as may be agreed to in writing by the Collateral Agent and
    the Administrative Agent) cause any Subsidiary (other than (x) an Excluded Subsidiary or (y) a merger subsidiary formed in connection with a merger or acquisition, including a Permitted Acquisition, so long as such merger subsidiary is merged out of
    existence pursuant to and upon the consummation of such transaction) formed or otherwise purchased or acquired after the Closing Date, or which becomes a Subsidiary (other than (x) an Excluded Subsidiary or (y) a merger subsidiary formed in connection
    with a merger or acquisition, including a Permitted Acquisition, so long as such merger subsidiary is merged out of existence pursuant to and upon the consummation of such transaction) after the Closing Date to execute a (x) supplement to the Guarantee
    Agreement in the form of Annex I to the Guarantee Agreement or a guarantee in form and substance reasonably satisfactory to the Collateral Agent and the Administrative Agent, and (y) supplement to the Security Pledge Agreement in the form of Annex I to
    the Security Pledge Agreement, or a security agreement in form and substance reasonably satisfactory to the Collateral Agent.

   

  
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  (b)           The Borrower may from time to time (subject, in the case
    of any Foreign Subsidiary to the consent of the Collateral Agent and the Administrative Agent), add any Subsidiary as a Guarantor by (i) causing such Subsidiary to enter into the Guarantee Agreement and applicable Security Documents and taking such
    other actions and delivering such other documentation and instruments as is reasonably satisfactory to the Collateral Agent and the Administrative Agent and (ii) delivering such proof of corporate, partnership or limited liability company action,
    incumbency of officers, opinions of counsel and other documents as is consistent with those delivered pursuant to Section 6.01 or as the Administrative Agent or the Collateral Agent shall have reasonably requested.

   

  (c)            Subject to any applicable limitations set forth herein or
    in the Guarantee Agreement and the Security Pledge Agreement, as applicable, if any Subsidiary ceases to be an Excluded Subsidiary after the Closing Date, the Credit Parties will, within thirty (30) days after the next following date on which the
    Borrower is required to deliver a Compliance Certificate pursuant to Section 9.01(e) (or such longer period as may be agreed to in writing by the Collateral Agent and the Administrative Agent), cause such Subsidiary to execute a (x) supplement
    to the Guarantee Agreement in the form of Annex I to the Guarantee Agreement or a guarantee in form and substance reasonably satisfactory to the Collateral Agent and the Administrative Agent, and (y) supplement to the Security Pledge Agreement in the
    form of Annex I to the Security Pledge Agreement, or a security agreement in form and substance reasonably satisfactory to Collateral Agent.

   

  Section 9.10         Pledges of Additional Stock. Subject to any
    applicable limitations set forth herein or in the Security Pledge Agreement, the Credit Parties will pledge to the Collateral Agent for the benefit of the Secured Parties within the time periods set forth in Section 9.09, (i) all the Capital
    Stock of each Subsidiary (other than a merger subsidiary formed in connection with a merger or acquisition, including a Permitted Acquisition, so long as such merger subsidiary is merged out of existence pursuant to and upon the consummation of such
    transaction) after the Closing Date, (ii) any promissory notes executed after the Closing Date evidencing Indebtedness of any Credit Party or Subsidiary of any Credit Party that is owing to any other Credit Party and (iii) all other written evidences
    of Indebtedness in excess of $1,000,000 in the aggregate received by the Credit Parties.

   

  Section 9.11         Use of Proceeds. The proceeds of the Initial Term Loan FacilityLoans will be used by
    the Borrower (a) solely to lend such proceeds to Holdings, which will lend such proceeds to Group to pay up to $192,000,000 of the acquisition consideration for the Acquisition on the Closing Date (with the Target to be contributed to Borrower
    concurrently therewith), all in accordance with Annex A hereto and (b) to pay fees, expenses, premiums, original issue discounts and other transaction costs incurred in connection with the entry into the Credit Facility and the foregoing transactions.
    The proceeds of the 2022 Supplemental Term Loans will be used by the Borrower and Holdings (a) to fund a Restricted Payment permitted by Section 10.6(e) and (b) to pay fees, expenses,
        premiums, original issue discounts and other transaction costs incurred in connection therewith.

   

  Section 9.12          Further Assurances. (a) Subject to
    any applicable limitations set forth herein, the Guarantee Agreement, the Security Pledge Agreement or any other Credit Document, the Credit Parties will execute any and all further documents, financing statements, agreements and instruments, and take
    all such further actions (including the filing and recording of financing statements, fixture filings, mortgages, deeds of trust and other documents), which may be required under any Applicable Law, or which the Collateral Agent or the Administrative
    Agent may reasonably request, in order to grant, preserve, protect and perfect the validity and priority of the security interests created or intended to be created by the Security Pledge Agreement, any Mortgage or any other Security Document, all at
    the sole cost and expense of the Borrower; provided, further, that the Credit Parties and the Collateral Agent will execute any and all foreign law governed security documents, agreements and instruments, and take all such further actions, which may be
    required under any Applicable Law or which the Collateral Agent or the Administrative Agent may reasonably request, in order to grant, preserve, protect and perfect the validity and priority of the security interests created or intended to be created
    with respect to any assets owned by a Foreign Credit Party or governed by the laws of a non-U.S. jurisdiction.

   

  
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  (b)           Subject to any applicable limitations set forth in any
    applicable Security Document, if any fee simple interest in Real Property with a fair market value in excess of $1,000,000 is acquired by any Credit Party after the Closing Date, or held by any Person which becomes a Credit Party after the Closing
    Date, the Borrower will notify the Collateral Agent and the Lenders thereof and will cause such assets to be subjected to a Lien securing the applicable Obligations and will take, and cause the other Credit Parties to take, such actions as shall be
    necessary or reasonably requested by the Collateral Agent to grant and/or perfect such Liens consistent with the applicable requirements of the Security Documents, including actions described in Section 9.12(a), all at the sole cost and expense
    of the Borrower, it being agreed and understood that the Credit Parties shall have until the date that is ninety (90) days following the acquisition of such Real Property (or such longer period as the Collateral Agent may agree in its sole discretion)
    to grant and/or perfect such Liens. Any Mortgage delivered to the Collateral Agent in accordance with the preceding sentence shall be accompanied by (i) a policy or policies (or unconditional binding commitment thereof) of title insurance issued by a
    nationally recognized title insurance company insuring the Lien of each Mortgage as a valid Lien (with the priority described therein) on the Mortgaged Property described therein, free of any other Liens except as expressly permitted by Section
      10.02, together with, to the extent available in the applicable jurisdictions, such endorsements and reinsurance as the Collateral Agent may reasonably request; (ii) if requested by the Collateral Agent or the Administrative Agent, an opinion of
    local counsel to the applicable Credit Party(ies) in form and substance reasonably satisfactory to the Collateral Agent and the Administrative Agent; (iii) if requested by the Administrative Agent or the Collateral Agent and if any such parcel of Real
    Property is in a “Special Flood Hazard Area” as designated on maps prepared by the Federal Emergency Management Agency, a flood notification form signed by the mortgage grantor and evidence that flood insurance is in place for the building and
    contents, all in form, substance and amount satisfactory to the Administrative Agent and Collateral Agent; (iv) if requested by the Administrative Agent or the Collateral Agent, current appraisal of the Real Property prepared by an appraiser reasonably
    acceptable to the Administrative Agent and Collateral Agent, and in form and substance satisfactory to the Required Lenders; (v) if requested by the Administrative Agent or the Collateral Agent, an environmental assessment of the Real Property prepared
    by an environmental engineer reasonably acceptable to the Administrative Agent and Collateral Agent, and accompanied by such reports, certificates, studies or data as the Administrative Agent or the Collateral Agent may reasonably require, which shall
    all be in form and substance satisfactory to the Required Lenders; and (vi) such other information, documentation, and certifications as may be reasonably required by the Administrative Agent and Collateral Agent.

   

  (c)            Notwithstanding anything herein or in any other Credit
    Document to the contrary, if the Collateral Agent and the Administrative Agent determine that the cost of creating or perfecting any Lien on any property is excessive in relation to the practical benefits afforded to the Lenders thereby, then such
    property may be excluded from the Collateral for all purposes of the Credit Documents.

   

  
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  Section 9.13          Bank Accounts.

   

  (a)            Promptly after the Closing Date and not later than within
    ninety (90) days after the Closing Date (or such longer period as the Collateral Agent may agree to in its sole discretion) to the extent not already established, the Credit Parties shall establish and deliver to Collateral Agent a Control Agreement
    with respect to each of their respective securities accounts, deposit accounts and investment property set forth on Schedule 9.13 other than those (i) accounts maintained in the United States which (A) are used solely to fund payroll, payroll
    taxes, or employee wage and benefits payments, (B) are trust accounts maintained exclusively for the purpose of holding funds in trust for third parties, (C) are at all times maintained on a “zero balance” basis and in the ordinary course of business,
    (D) are cash collateral accounts securing credit card facilities or merchant accounts, (E) are cash collateral accounts securing letters of credit not to exceed $1,400,000 in the aggregate in such accounts, (F) to the extent not otherwise described in
    clauses (A) through (E) or clause (G) of this clause (i), contain at all times less than $500,000 for any such account, individually, or less than $1,000,000 in the aggregate for all such accounts or (G) are used as escrow accounts or otherwise with
    third parties to the extent such deposits or securities therein constitute Liens permitted hereunder and (ii) accounts maintained outside of the United States (each such account described in the foregoing clauses (i) and (ii), an “Excluded
        Account”). The Credit Parties may establish new deposit accounts or securities accounts so long as (i) within five (5) Business Days that such account is established, the Credit Parties have delivered to the Agents an amended Schedule
      9.13 including such account and (ii) the Credit Parties have delivered to Collateral Agent a Control Agreement with respect to such account within ninety (90) days (or such longer period as the Collateral Agent may agree in its sole discretion)
    after the creation of such account, except to the extent such account is an Excluded Account. With respect to any accounts set forth on Schedule 9.13 (other than Excluded Accounts) acquired by the Credit Parties in connection with a Permitted
    Acquisition or permitted Investment, it is agreed and understood that the Credit Parties shall have until the date that is ninety (90) days following the closing of such Permitted Acquisition or permitted Investment (or such longer period as the
    Collateral Agent may agree in its sole discretion) to deliver a Control Agreement with respect to each such account in accordance with the provisions of this Section 9.13.

   

  (b)            Each Control Agreement shall provide, among other things,
    unless otherwise agreed to by the Collateral Agent, that (i) upon notice from the Collateral Agent (a “Notice of Control”), the bank, securities intermediary or other financial institution party thereto will comply with instructions of
    the Collateral Agent directing the disposition of funds without further consent by the applicable Credit Party; provided, that, Collateral Agent agrees not to issue a Notice of Control unless an Event of Default has occurred and is then
    continuing, and (ii) the bank, securities intermediary or other financial institution party thereto has no rights of setoff or recoupment or any other claim against the account subject thereto, other than for payment of its service fees and other
    charges directly related to the administration of such account and for returned checks or other items of payment; provided, further, that if a Notice of Control is issued, then, upon written waiver of the underlying Event of Default or
    if such Event of Default has been cured in accordance with the terms of this Agreement, then, so long as no other Events of Default shall then exist, the Collateral Agent shall rescind such Notice of Control. In the event Collateral Agent issues a
    Notice of Control under any Control Agreement, all Collections or other amounts subject to such Control Agreement shall be transferred as directed by the Collateral Agent and used to pay the Obligations in the manner set forth in Section 5.02(f).

   

  (c)            If, notwithstanding the provisions of this Section
      9.13, after the occurrence and during the continuance of an Event of Default, the Credit Parties receive or otherwise have dominion over or control of any amounts, the Credit Parties shall hold such amounts in trust for the Collateral Agent and
    shall not commingle such amounts with any other funds of any Credit Party or other Person or deposit such amounts in any account other than those accounts set forth on Schedule 9.13 (as such schedule may be amended or modified from time to
    time) (unless otherwise instructed by the Collateral Agent).

   

  
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       Section 9.14      Senior Obligations.

   

  Borrower and each Credit Party shall take all such
      actions that are necessary or that otherwise are reasonably requested by the Administrative Agent, Collateral Agent or Required Lenders to ensure that the Obligations are and remain “Designated Senior Debt,” “Senior Debt,” “Senior Indebtedness,”
      “Guarantor Senior Debt” or “Senior Secured Financing” (or any comparable term) under, and as defined in, any indenture or document governing any applicable Junior Indebtedness and any other Indebtedness that is subordinated in right of payment to the
      Obligations.

   

  Section 9.15      Lender Meetings.

   

  Borrower and each Credit Party shall, (a) upon
      request by any Agent, within thirty (30) days after the end of each fiscal quarter of Holdings, at a time to be reasonably agreed by Borrowers and the Agents, hold a meeting at a mutually agreeable location and time or, at the sole option of the
      Borrower, by conference call, with all Lenders who choose to attend such meeting (or conference call, as applicable) at which meeting (or conference call, as applicable) shall be reviewed the financial results of the previous fiscal quarter or year
      of Holdings, as applicable, and the financial condition of each Credit Party and its Subsidiaries and the projections presented for the current fiscal year of each Credit Party.

   

  Section 9.16      OFAC; Patriot Act.

   

  Each Credit Party shall, and each Subsidiary of
      each Credit Party shall comply with the laws, regulations and executive orders referred to in Section 8.27 and Section 8.28 hereof in all material respects.

   

  Section 9.17      Compliance with Laws; Authorizations.

  

  Except that, individually or in the aggregate, could
      not reasonably be expected to have a Material Adverse Effect, each Credit Party and each Subsidiary of a Credit Party: (a) shall comply with all Applicable Laws and (b) obtain all requisite governmental licenses, authorizations, consents and
      approvals to operate its business as currently conducted.

        

  Section 9.18      Data Privacy. Each Credit Party shall, and each Subsidiary of each Credit Party shall, (i) diligently pursue compliance with all Privacy and Security Laws on and after the
      Closing Date, and (ii) achieve actual compliance with all Privacy and Security Laws within twelve (12) months of the Closing Date in all material respects.

   

  Section 9.19      CFIUS. If the Collateral Agent makes a determination that in accordance with the terms of the Credit Documents it is entitled to exercise remedies under the Credit Documents,
      in connection with (a) any Lender obtaining “control” of the Borrower (as defined in 31 CFR part 800) or (b) the consummation of a transaction requiring the filing of a declaration pursuant to 31 CFR 800.401 et seq., the Borrower shall, if requested
      by the Collateral Agent, cooperate with the Collateral Agent to (i) prepare and submit a draft joint voluntary notice (“JVN”) or declaration, as reasonably determined by the Collateral Agent, with CFIUS as promptly as practicable (and
      in any event within ten (10) Business Days of the Collateral Agent making such determination), (ii) as promptly as practicable after receiving any feedback from CFIUS regarding the draft JVN, file, or cause to be filed, the JVN with CFIUS and (iii)
      do, or cause to be done, all things necessary, proper or advisable to obtain CFIUS Clearance (as defined in the Acquisition Agreement) on terms reasonably acceptable to the Collateral Agent as promptly as practicable. Such cooperation shall include
      (x) giving each other a reasonable opportunity to review in advance and comment on drafts of filings and submissions to CFIUS; (y) promptly informing each other of any communication received by, or given to, CFIUS, except for personal identifier
      information or information reasonably determined by either party to be confidential business information; and (z) permitting each other to review in advance any written or oral communication with CFIUS, consulting with each other in advance of

    any meeting, telephone call or conference with CFIUS, and giving each other the opportunity to attend and participate in any telephonic conferences or in-person meetings with CFIUS, to the extent not prohibited by CFIUS.

  
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  ARTICLE X

   

  Negative Covenants

   

  The Credit Parties hereby covenant and agree that
      on the Closing Date and thereafter, until the Total Commitments and the Loans, together with interest, Fees and all other Obligations incurred hereunder (other than Unasserted Contingent Obligations) are paid in full in accordance with the terms of
      this Agreement:

   

  Section 10.01      Limitation on Indebtedness. Each Credit Party will not, and will not permit any of its Subsidiaries to, directly or indirectly, create, incur, issue, assume, guarantee, suffer
      to exist or otherwise become directly or indirectly liable, contingently or otherwise with respect to any Indebtedness, except for:

   

   (a)           Indebtedness in respect of the Obligations;

   

   (b)           Indebtedness representing deferred compensation to directors, officers and

   

  employees of Holdings or any Subsidiary thereof incurred in the ordinary course of
      business;

   

  (c)           unsecured Indebtedness incurred in the ordinary course of business of such Credit Party and its Subsidiaries and consistent with past practice in respect of open accounts extended
      by suppliers on normal trade terms in connection with purchases of goods and services which are not overdue for a period of more than ninety (90) days or, if overdue for more than ninety (90) days, as to which a dispute exists and adequate reserves
      in conformity with the Accounting Principles have been established on the books of such Credit Party, but excluding Indebtedness incurred through the borrowing of money or Contingent Liabilities in respect thereof;

   

  (d)           Indebtedness (i) evidencing the deferred purchase price of newly acquired property or incurred to finance the acquisition of equipment of such Credit Party and its Subsidiaries
      (pursuant to purchase money mortgages, indebtedness or otherwise, whether owed to the seller or a third party) or to construct or improve any fixed or capital assets of any Credit Party and its Subsidiaries (provided, that such Indebtedness is
      incurred within ninety (90) days of the acquisition or completion of construction or improvement of such property) and (ii) Capitalized Lease liabilities and Permitted Refinancings of such Indebtedness under this clause (d); provided, that
      the aggregate amount of all Indebtedness outstanding pursuant to this clause (d) shall not at any time exceed $5,000,000;

   

  (e)           Indebtedness: (i) of a Credit Party owing to any other Credit Party or of a Credit Party to a Subsidiary that is not a Credit Party, which Indebtedness, if owed by a Credit Party to
      a Subsidiary that is not a Credit Party, shall be subordinated to the Obligations pursuant to the Intercompany Subordination Agreement; (ii) [reserved]; (iii) of a Subsidiary that is not a Credit Party owing to any Credit Party; provided that
      the amount of Indebtedness outstanding under this clause (iii) does not exceed $1,000,000 at any time outstanding (net of the repayment of any such Indebtedness) and (iv) of a Subsidiary that is not a Credit Party owing to any other Subsidiary that
      is not a Credit Party;

   

  (f)            Indebtedness under bids performance or surety bonds, completion guarantees, appeals bonds or with respect to workers’ compensation claims, in each case, incurred in the ordinary
      course of business; 

  

   

  
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  (g)           Guarantee Obligations in respect of Indebtedness otherwise permitted hereunder, other than Guarantee Obligations provided by a Credit Party for Indebtedness of the type described in
      clause (r) below;

   

  (h)           Unsecured Indebtedness consisting of loans or promissory notes issued by any Credit Party to current or former officers, directors and employees (or their estates, spouses or
      former spouses) of any Credit Party or any Subsidiary thereof issued to purchase or redeem Capital Stock of Holdings (or any direct or indirect parent thereof) permitted under Section 10.06; provided, that the aggregate amount of all
      Indebtedness outstanding pursuant to this clause (h) shall not at any time exceed $1,000,000;

   

  (i)            Indebtedness arising as a result of the endorsement of instruments for deposit in the ordinary course of business;

   

  (j)            Junior Indebtedness; provided that the amount of Junior Indebtedness outstanding under this clause (j) does not exceed $1,000,000 at any time;

   

  (k)           Indebtedness consisting of the financing of insurance premiums or take or pay obligations, in each case, in the ordinary course of business;

   

   (l)            [reserved];

   

  (m)          Indebtedness with respect to a letter of credit, in an aggregate face amount not in excess of $500,000 at any time; provided that such letter of credit may not be subject to any
      Lien (other than a Lien on cash not in excess of one hundred three percent (103%) of the face amount of such letter of credit);

   

  (n)           Indebtedness representing any taxes, assessments or governmental charges to the extent (i) such taxes are being contested in good faith by appropriate proceedings diligently
      conducted and adequate reserves have been provided therefor in accordance with GAAP or (ii) the payment thereof shall not at any time be required to be made in accordance with Section 9.04;

   

  (o)           Indebtedness of a Subsidiary that is not a Credit Party so long as no Credit Party has guaranteed or is otherwise liable for the payment of such Indebtedness (except to the extent
      such Credit Party is permitted to guarantee or is otherwise liable for the payment of such Indebtedness pursuant to clause (u) below) provided that the aggregate principal amount of all Indebtedness outstanding under this clause (o) shall not
      at any time exceed $1,000,000;

   

  (p)           Indebtedness of any Person that becomes a Subsidiary after the Closing Date in connection with any Permitted Acquisition; 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, (ii) any refinancing, extensions, renewals or replacements of such Indebtedness shall be permitted to the extent
      such principal amount of such Indebtedness is not increased (except by accreted value plus an amount equal to accrued but unpaid interest, premiums and fees payable by the terms of such Indebtedness and reasonable fees, expenses, original issue
      discount and upfront fees incurred in connection with such amendment, restatement, replacement, renewal, extension or refinancing), neither the final maturity nor the weighted average life to maturity of such Indebtedness is decreased, such
      Indebtedness, if subordinated to the Obligations, remains so subordinated on terms no less favorable to the Lenders, and the original obligors in respect of such Indebtedness remain the only obligors thereon, (iii) if such Indebtedness is secured, is
      only secured by the assets being acquired and not any of the other Collateral and (iv) the aggregate principal amount of any such Indebtedness assumed or incurred pursuant to this clause (p) shall not exceed $1,500,000;

   

  
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  (q)           Indebtedness incurred in the ordinary course of business and consistent with past practice in connection with cash pooling arrangements, cash management, deposit accounts, automated
      clearing house (ACH) origination and other funds transfer, depository (including cash vault and check deposit, zero balance accounts and sweeps, return items processing, controlled disbursement accounts, positive pay, lockboxes and lockbox accounts,
      account reconciliation and information reporting), payables outsourcing, payroll processing, trade finance services, investment accounts, securities accounts, and other similar arrangements consisting of netting agreements and overdraft protections

   

  (r)            Indebtedness in respect of obligations owed to any Person in connection with workers’ compensation, health, disability or other employee benefits or unemployment insurance and other
      social security laws or regulations and premiums related thereto, in each case, in the ordinary course of business;

   

   (s)           Indebtedness referred to in Section 9.11(a);

   

   (t)            [reserved]; and

   

  (u)          additional Indebtedness; provided, that (i) all such Indebtedness may be secured pursuant to the Liens set forth in Section 10.02(x) and (ii) the aggregate principal
      amount of all Indebtedness outstanding under this Section 10.01(u) shall not at any time exceed $2,000,000.

   

  Section 10.02      Limitation on Liens. Each Credit Party will not, and will not permit any of its Subsidiaries to, directly or indirectly, create, incur, assume or suffer to exist any Lien
      upon any property or assets of any kind (real or personal, tangible or intangible) of any such Person (including its Capital Stock), whether now owned or hereafter acquired, except for the following (collectively, the “Permitted Liens”):

   

   (a)           Liens securing payment of the Obligations;

   

  (b)           Liens identified in Schedule 10.02, including replacements, extensions, modifications or renewals of such Liens on the property subject to such Liens on the Closing Date; provided,
      that such replaced, extended or modified Lien does not extend to any additional property other than (i) after acquired property that is affixed or incorporated into the property covered by such Lien and (ii) proceeds and products thereof;

   

  (c)           Liens securing Indebtedness of the type permitted under Section 10.01(d); provided, that (i) such Lien is granted within ninety (90) days after such Indebtedness is
      incurred, (ii) the Indebtedness secured thereby does not exceed the lesser of the cost and the fair market value of the applicable property, improvements or equipment at the time of such acquisition (or construction) and (iii) such Lien secures only
      the assets that are the subject of the Indebtedness referred to in such clause;

   

  (d)           Liens arising by operation of law in favor of carriers, warehousemen, mechanics, materialmen, repairmen, contractors, subcontractors, suppliers and landlords, Liens in respect of
      taxes, and other similar Liens, in each case, incurred in the ordinary course of business for amounts (i) not yet overdue or, for Liens that are not with respect to taxes, who have been bonded or filed or signed lien waivers for all payments due,
      (ii) which remain payable without penalty for a period not greater than 90 days for Liens that are not with respect to taxes, or (iii) which are being diligently contested in good faith by appropriate proceedings and for which adequate reserves in
      accordance with the Accounting Principles shall have been established on its books;

   

  
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  (e)           Liens incurred or pledges or deposits made in the ordinary course of business in connection with worker’s compensation, unemployment insurance or other forms of governmental
      insurance or benefits, or to secure performance of tenders, statutory obligations, bids, leases or other similar obligations (other than for borrowed money) entered into in the ordinary course of business or to secure obligations on surety, stay,
      customs, appeal or performance bonds;

   

  (f)            judgment Liens, judicial attachments or similar Liens which do not otherwise result in an Event of Default under Section 11.01(f) that (i) are being diligently contested in
      good faith by appropriate proceedings and for which adequate reserves in accordance with the Accounting Principles shall have been established on its books to the extent that such Liens are being diligently protested by appropriate means or (ii) have
      not been discharged within thirty (30) days after the filing thereof;

   

  (g)          easements, encroachments, protrusions, covenants, equitable servitudes, rights-of-way, land use, zoning restrictions, minor defects or irregularities in title and other similar
      encumbrances not interfering in any material respect with the value or use of the property to which such Lien is attached, and in the case of any Real Property subject to a Mortgage, encumbrances disclosed in the title insurance policy issued to the
      Collateral Agent;

   

  (h)           Liens for Taxes, assessments or other governmental charges or levies not yet delinquent, or that are being contested in good faith by appropriate proceedings diligently conducted and
      for which adequate reserves in accordance with GAAP shall have been established on its books;

   

  (i)            Liens arising in the ordinary course of business and consistent with past practice by virtue of any contractual, statutory or common law provision relating to banker’s Liens, rights
      of set-off or similar rights and remedies covering deposit or securities accounts (including funds or other assets credited thereto) or other funds maintained with a depository institution or securities intermediary and Liens deemed to exist in
      connection with investments in repurchase agreements constituting Cash Equivalents;

   

  (j)            any interest or title of a lessor, licensor or sublessor under any lease (including any ground lease), license or sublease entered into by any such Credit Party or Subsidiary in the
      ordinary course of its business and covering only the assets so leased, licensed or subleased; and

   

  (k)           licenses, sublicenses, leases or subleases with respect to any asset granted to any Persons in the ordinary course of business; provided, that the same do not materially and
      adversely affect the business of the Borrower or its Subsidiaries or materially detract from the value of the assets of the Credit Parties or its Subsidiaries, taken as a whole, or secure any Indebtedness for borrowed money;

   

  (l)            deposits (including letters of credit) to secure the performance of bids, government contracts, trade contracts and leases (other than Indebtedness), statutory obligations,
      utilities, surety bonds (other than bonds related to judgments or litigation), performance bonds and other obligations of a like nature incurred in the ordinary course of business;

   

   (m)          Liens on equity interests in joint ventures securing the obligations thereof;

   

   (n)           [reserved];

   

  (o)           (i) Liens solely on assets of any Subsidiary that is not a Credit Party to secure Indebtedness permitted under Section 10.01(o) and (ii) customary Liens granted on the
      Capital Stock of any Subsidiary that is not a Credit Party to the stockholders of such Subsidiary pursuant to the organizational documents of such Subsidiary;

   

  
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   (p)           Liens in favor of customs and revenue authorities arising as a matter of law to secure payments of customs duties in connection with the importation of goods;

   

  (q)           Liens in connection with the purchase or shipping of goods or assets on the related goods or assets and proceeds thereof in favor of the seller or shipper of such goods or assets or
      pursuant to customary reservations or retentions of title arising in the ordinary course of business and consistent with past practice and in any case not securing Indebtedness;

   

  (r)            Liens attaching to cash earnest money deposits in connection with any letter of intent or purchase agreement in respect of a Purchase that would reasonably be expected to result in a
      Permitted Acquisition or permitted Investment hereunder;

   

  (s)           Liens arising by virtue of deposits made in the ordinary course of business or on insurance policies and the proceeds thereof to secure liability for premiums to insurance carriers,
      including liens on unearned insurance premiums securing the financing thereof;

   

  (t)            Liens consisting of Contractual Obligations of any Credit Party to consummate a Disposition that is permitted under Section 10.04 to the extent such Liens do not secure
      monetary obligations of the Credit Parties to applicable purchaser and escrow arrangements with respect to such Dispositions, and liens arising out of consignment, conditional sale, title retention or similar arrangements for the sale of goods in the
      ordinary course of business and consistent with past practice to the extent such liens attach solely to the goods subject to such consignment, conditional sale, title retention or similar arrangement;

   

  (u)           restrictions in joint venture agreements on the applicable joint venture granting Liens on its assets or the equity interests of such joint venture;

   

  (v)           Liens on property or assets of a Person valued in an aggregate amount not to exceed $1,500,000 at any time (other than any Capital Stock of any Person) existing at the time such
      assets of such Person are acquired or such Person is merged into or consolidated with the Borrower or any of its Subsidiaries or becomes a Subsidiary of the Borrower or any Guarantor; provided, that such Lien is not in the nature of a
      “blanket” or “all assets” Lien and was not created in contemplation of such acquisition, merger, consolidation or investment, and does not extend to any assets other than those acquired, merged or consolidated by the Credit Parties; provided
        further that any Indebtedness or other obligations secured by such Liens shall otherwise be permitted under Section 10.01(p);

   

  (w)          Liens on escrow accounts securing amounts owed by Credit Parties and their Subsidiaries with respect to Permitted Acquisitions or Dispositions otherwise permitted hereunder to the
      extent such escrow arrangement is also permitted hereunder;

   

  (x)           other Liens securing liabilities or Indebtedness permitted under this Agreement in an aggregate principal amount not to exceed $1,000,000 at any time outstanding; provided
      that such liens shall not be secured by cash and Cash Equivalents, shall not be secured by property other than Collateral and shall rank junior to the Liens securing the Obligations, pursuant to an intercreditor agreement acceptable to the Collateral
      Agent and the Administrative Agent;

   

   (y)           Liens on cash collateral used to secure any judgment appeal in an amount and pursuant to procedures, in each case customary for such judgment appeal Liens; and

   

  
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  (z)            Liens consisting of customary assignments of insurance or condemnation proceeds provided to landlords (or their mortgagees) pursuant to the terms of any lease and Liens and rights
      reserved in any lease for rent or for compliance with the terms of such lease.

   

  Section 10.03      Consolidation, Merger, etc. Each Credit Party will not, and will not permit any of its Subsidiaries, to liquidate or dissolve, consolidate with, or merge into or with,
      any other Person, or purchase or otherwise acquire all or substantially all of the assets of any Person (or any division thereof), provided, that (a) any Credit Party (other than Holdings or Borrower) or a Subsidiary of any Credit Party may
      liquidate or dissolve voluntarily into, and may merge with and into, any Credit Party (other than Holdings), so long as, to the extent the Borrower is a party to such merger, the Borrower is the surviving entity, (b) any Subsidiary of a Credit Party
      (other than the Borrower) may liquidate or dissolve voluntarily into, and may merge with and into, Holdings, so long as, after giving effect to such liquidation, dissolution or merger, Holdings is in compliance with the last sentence of Section
        10.11, (c) any Guarantor, other than Holdings, may liquidate or dissolve voluntarily into, and may merge with and into any Credit Party, (d) any Subsidiary of a Credit Party that is not itself a Credit Party may liquidate or dissolve
      voluntarily into, and may merge with and into any Subsidiary of a Credit Party that is not itself a Credit Party, (e) the assets or Capital Stock of any Credit Party, other than Holdings, or Subsidiary of any Credit Party may be purchased or
      otherwise acquired by any Credit Party, (f) the assets or Capital Stock of any Guarantor, other than Holdings, may be purchased or otherwise acquired by any Credit Party, (g) the assets or Capital Stock of any Subsidiary that is not itself a Credit
      Party may be purchased or otherwise acquired by any Credit Party or Subsidiary of a Credit Party, (h) the Transactions, including the LLC Conversion shall be permitted, and (i) any Credit Party and its Subsidiaries may create Wholly-Owned
    Subsidiaries to the extent the Investment therein or thereto is permitted under Section 10.05 (including any Permitted Acquisitions) and any Credit Party and its Subsidiaries may consummate any Investments permitted by Section 10.05. In
    addition, no Credit Party shall, and no Credit Party shall cause or permit any of its Subsidiaries to file a certificate of division, adopt a plan of division or otherwise take any action to effectuate a division pursuant to Section 18-217 of the
    Delaware Limited Liability Company Act (or any analogous action taken pursuant to Applicable Law with respect to any corporation, limited liability company, partnership or other entity), unless (i) to the extent any Credit Party is consummating the
    division, each such corporation, limited liability company, partnership or other entity, as applicable, existing following the division of any Credit Party, shall individually be added as a Credit Party by (A) causing such Subsidiary to enter into the
    Guarantee Agreement and applicable Security Documents and taking such other actions and delivering such other documentation and instruments as is reasonably satisfactory to the Collateral Agent and the Administrative Agent and (B) delivering such proof
    of corporate, partnership or limited liability company action, incumbency of officers, opinions of counsel and other documents as is consistent with those delivered pursuant to Section 6.01 or as the Administrative Agent or the Collateral Agent
    shall have reasonably requested or (ii) to the extent any Subsidiary of a Credit Party that is not itself a Credit Party is consummating the division, its assets and liabilities, immediately upon the consummation of the division are held by a Credit
    Party (other than Holdings) or a Subsidiary of a Credit Party.

   

  Section 10.04      Permitted Dispositions. Each Credit Party will not, and will not permit any of its Subsidiaries, to make a Disposition, or enter into any agreement to make a Disposition
      not permitted under this Section 10.04 (unless such agreement is conditioned on the repayment in full of the Obligations and termination of this Agreement or receipt of consent by the applicable Lenders), of such Credit Party’s or such other
      Person’s assets (including Accounts Receivable and Capital Stock of Subsidiaries) to any Person in one transaction or a series of transactions unless such Disposition:

   

   (a)           is of obsolete or worn out property or property no longer used or useful in its business; or

   

  
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   (b)           is for fair market value and the following conditions are met:

    

  (i)         to the extent required by Section 5.02(a)(iii), the Borrower has applied any Net Disposition Proceeds arising therefrom pursuant to Section 5.02(a)(iii);

   

  (ii)        no less than seventy-five percent (75%) of the consideration received for such Disposition is received in cash or Cash Equivalents;

   

  (iii)       such Dispositions shall not exceed $5,000,000 in the aggregate since the Closing Date; and

   

  (iv)       no Default or Event of Default shall have occurred and be continuing or would result from the Disposition thereof,

   

   (c)           is a sale of inventory in the ordinary course of business;

   

  (d)           is the leasing, as lessor, subleasing or licensing of real or personal property (including the provision of software under an open source license) or in each case termination thereof
      which (A) do not materially interfere with the business of the Borrower and its Subsidiaries or (B) relate to closed facilities;

   

  (e)           (i) is a sale or disposition of property to the extent that such property is exchanged for credit against the purchase price of similar replacement property, or the proceeds of such
      Dispositions are reasonably promptly applied to the purchase price of similar replacement property, all in the ordinary course of business in accordance with Section 5.02(a)(iii) or (ii) is the contemporaneous exchange, in the ordinary course
      of business, of property for property of a like kind, to the extent that property received in such exchange is of a fair market value equal to or greater than the fair market value of the property exchanged;

   

   (f)            is

      expressly otherwise permitted by Section 10.05 or 10.06;

   

  (g)           is by (i) any Credit Party (other than Holdings) or Subsidiary thereof to any other Credit Party or Subsidiary, other than Holdings; provided that the aggregate amount of
      assets that may be sold or otherwise disposed of by any Credit Party to any Subsidiary that is not a Credit Party (x) shall be for fair market value and (y) shall not exceed $1,000,000 in any fiscal year or otherwise with the prior written consent of
      the Administrative Agent, which shall not be unreasonably withheld, conditioned or delayed, (ii) any Subsidiary of a Credit Party (other than the Borrower) to any Credit Party, other than Holdings, or (iii) any Subsidiary that itself is not a Credit
      Party to any other Subsidiary that itself is not a Credit Party;

   

   (h)           cancellations of any intercompany Indebtedness among the Credit Parties;

   

  (i)            is (i) the non-exclusive licensing of non-material Intellectual Property to third Persons in the ordinary course of business, (ii) the transfer, abandonment, lapse or other
      disposition of Intellectual Property that is, in the applicable Credit Party’s reasonable business judgment, not material to the business and no longer economically practicable or commercially desirable to maintain, or used or useful in its business,
      in each case, in the ordinary course of business, or (iii) the expiration of Intellectual Property in accordance with its maximum statutory term;

   

  (j)            the sale, lease, sub-lease, license, sub-license or consignment of personal property of the Credit Parties or their Subsidiaries in the ordinary course of business consistent with
      past practice and leases or subleases of real property permitted by clause (a) for which rentals are paid on a periodic basis over the term thereof;

   

  

   

  
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  (k)           the settlement or write-off of Accounts Receivable or sale, discount or compromise of overdue Accounts Receivable for collection (i) in the ordinary course of business consistent
      with past practice and (ii) with respect to Accounts Receivable acquired with a Permitted Acquisition, consistent with prudent business practice;

   

   (l)            use or exchange of cash and Cash Equivalents in the ordinary course of business;

   

  (m)          to the extent required by Applicable Law, the sale or other disposition of a nominal amount of Capital Stock in any Subsidiary in order to qualify members of the board of directors
      or equivalent governing body of such Subsidiary;

   

  (n)          Dispositions constituting a taking by condemnation or eminent domain or transfer in lieu thereof, or a Disposition consisting of or subsequent to a total loss or constructive total
      loss or property, in each case, provided that to the extent required by Section 5.02(a)(vii), the Borrower has applied any Net Casualty Proceeds arising therefrom pursuant to Section 5.02(a)(vii);

   

  (o)           sales of non-core assets (“non-core assets” to be determined by the Borrower in the exercise of its reasonable good faith business judgment) acquired with a Permitted Acquisition or
      other Investment permitted hereunder and sales of real property acquired in connection with a Permitted Acquisition, in each case, shall be (i) sold entirely for cash consideration and for fair market value, (ii) sold to a non-Affiliate of the
      Sponsor or the Borrower and (iii) designated in writing to the Administrative Agent within ninety (90) days of the acquisition thereof as being held for sale and not for the continued operation of the Borrower or any of its Subsidiaries or any of
      their respective businesses;

   

  (p)           unwinding of Hedging Agreements or cash management agreements in the ordinary course of business;

   

  (q)           any grant of an option to purchase, lease or acquire property in the ordinary course of business, so long as such Disposition resulting from the exercise of such option would
      otherwise be permitted under this Section 10.04;

   

  (r)            the surrender or waiver of contractual rights or the settlement, release or surrender of contract, tort or other litigation claims in the ordinary course of business;

   

  (s)           the granting, creation or existence of a Permitted Lien, and any dispositions of assets pursuant to an exercise of remedies, including by way of foreclosure, against the underlying
      assets subject to such Permitted Liens;

   

  (t)            dispositions of Investments in joint ventures to the extent required by, or made pursuant to, buy/sell arrangements between joint venturers or similar parties set forth in the
      relevant joint venture arrangements and/or similar binding arrangements;

   

  (u)           the sale or issuance of any Subsidiary’s Capital Stock to Borrower or a Credit Party or any Subsidiary that is the direct parent of such Subsidiary;

   

   (v)           [reserved];

   

  (w)          (i) termination of leases or subleases in the ordinary course of business; (ii) the expiration of any option agreement in respect of real or personal property, or
    (iii) any surrender or waiver of contractual rights or the settlement, release or surrender of contractual rights or other litigation claims in the ordinary course of business; and

   

  
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  (x)           other Dispositions by any Credit Party in an amount not to exceed $1,000,000 during each fiscal year;

   

  provided, that, notwithstanding the foregoing, in no
      event shall any Credit Party, or shall any Credit Party permit any of its Subsidiaries to, directly or indirectly, (i) file a certificate of division, adopt a plan of division or otherwise take any action to effectuate a division pursuant to Section
      18-217 of the Delaware Limited Liability Company Act (or any analogous action taken pursuant to Applicable Law with respect to any corporation, limited liability company, partnership or other entity) unless such transaction is otherwise permitted
      hereunder or the divided entity becomes a Credit Party substantially concurrently with such division or (ii) make any Dispositions of any material Intellectual Property of any Credit Party to any Person that is not a Credit Party.

   

  Section 10.05      Investments. Each Credit Party will not, and will not permit any of its Subsidiaries to, purchase, make, incur, assume or permit to exist any Investment in any other
      Person, except:

   

   (a)           Investments

      in Subsidiaries existing on the Closing Date;

   

   (b)           Investments in cash and Cash Equivalents;

   

  (c)           Investments received in connection with the bankruptcy or reorganization of, or settlement of delinquent accounts and disputes with, customers and suppliers, in each case in the
      ordinary course of business;

   

  (d)           Investments (x) by any Domestic Credit Party in any of its Domestic Subsidiaries that are Credit Parties, (y) by any Subsidiary that is not a Credit Party in any other Subsidiaries
      that are not Credit Parties, or (z) by any Credit Party in any of its Subsidiaries that is not a Credit Party in an aggregate amount at any time outstanding together with the outstanding amount of Indebtedness under Section 10.01(e)(iii), not
      to exceed $1,000,000 at any time outstanding;

   

  (e)           Investments constituting (i) Accounts Receivable arising, (ii) trade debt granted, or (iii) deposits made in connection with the purchase price of goods or services, in each case in
      the ordinary course of business;

   

  (f)            Investments consisting of any non-cash consideration or deferred portion of the sales price received by any Credit Party, in each case, in connection with any Disposition permitted
      under Section 10.04;

   

   (g)           intercompany loans permitted pursuant to Section 10.01(e);

   

   (h)           Hedging

      Agreements permitted under Section 10.10;

   

  (i)            the maintenance of deposit accounts in the ordinary course of business so long as the applicable provisions of Section 9.13 have been complied with in respect of such deposit
      accounts;

   

   (j)            [Reserved];

   

  
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   (k)           Permitted Acquisitions (including any earnest money deposits required in connection therewith);

   

  (l)            loans and advances to officers, directors and employees of any Credit Party for reasonable and customary business purposes or made in the ordinary course of business, including for
      travel expenses, entertainment expenses, moving expenses and similar expenses, in an aggregate principal amount not to exceed $1,000,000 outstanding at any time;

   

   (m)          Guarantee

      Obligations permitted under Section 10.01;

   

  (n)           loans and advances by a Credit Party or a Subsidiary to Holdings (on terms reasonably acceptable to the Collateral Agent and the Administrative Agent), in lieu of, and not in excess
      of the amount of (after giving effect to any other loans, advances or Restricted Payments in respect thereof), Restricted Payments to the extent permitted to be made to Holdings in accordance with Section 10.06; provided that such
      loans and advances shall count against any caps or limitations set forth in the applicable clause of Section 10.06 as if Restricted Payments in an equivalent amount had been made to Holdings under Section 10.06

   

   (o)           prepaid expenses or lease, utility, deposits with respect to operating leases and other similar deposits, in each case made in the ordinary course of business;

   

  (p)           promissory notes or other obligations of officers or other employees or consultants of such Credit Party or Subsidiary acquired in connection with such officer’s or employee’s or
      consultant’s acquisition of Capital Stock in Holdings (or a direct or indirect parent entity thereof) pursuant to any management equity plan, deferred compensation plan, long-term incentive plan or stock option plan or any other management or
      employee benefit plan or agreement (to the extent such acquisition is not prohibited by this Agreement), so long as no cash is advanced by the Credit Parties or Subsidiaries in connection with such Investment;

   

  (q)           pledges and deposits permitted under Section 10.02 and endorsements for collection or deposit in the ordinary course of business to the extent permitted under Section
        10.01;

   

   (r)            Investments in joint ventures in an amount not to exceed $1,000,000;

   

  (s)            mergers, consolidations and other transactions of any Credit Party or any Subsidiary of any Credit Party permitted under Section 10.03(a) (b), (c), (d), (e),
      (f), or (g) (it being understood that any consideration transferred from a Credit Party in connection with any such transactions must be separately permitted under this Section 10.05);

   

   (t)           
loans

      referred to in Section 9.11(a);

   

  (u)           Investments of any Person that becomes a Subsidiary after the Closing Date at the time such Person becomes a Subsidiary; provided, that (i) such Investments are not created
      in contemplation of or in connection with such acquisition or such Person becoming a Subsidiary, (ii) such Investment exists at the time such Person is acquired, (iii) such Investments are not directly or indirectly recourse to any Credit Party or
      their assets, other than the person that becomes a Subsidiary and (iv) such Investments do not require any further transfers of cash or assets by such Person;

   

  (v)           additional Investments by the Credit Parties and their Subsidiaries so long as the aggregate amount of such Investments (net of any returns on such Investment) does not exceed at any
      time outstanding $5,000,000;

   

  
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  (w)          (i) the organization or establishment or (ii) the initial capitalization for the purposes of a Permitted Acquisition or other permitted Investment hereunder, of one or more
      Subsidiaries;

   

   (x)            Investments

      identified in Schedule 10.05;

   

   (y)           [reserved];

   

  (z)            Investments acquired in connection with the settlement of delinquent accounts, disputes in the ordinary course of business or in connection with the bankruptcy, insolvency
      proceedings or reorganization of, or settlement of disputes with, as the case may be, suppliers, trade creditors, account debtors or customers, or upon the foreclosure, deed in lieu of foreclosure, or enforcement of any Lien in favor of a Credit
      Party or its Subsidiaries (including any Capital Stock or other securities held by the Credit Parties or their Subsidiaries which are acquired in connection with the satisfaction or enforcement of Indebtedness or claims due or owing to a Credit Party
      or its Subsidiaries or as security for such Indebtedness or claims, in each case, in the ordinary course of business);

   

   (aa)         [reserved]; and

   

  (bb)        Investments utilizing equity consideration or net cash proceeds received by Borrower or Holdings after the Closing Date (and on or prior to date of such determination)
      pursuant to equity issuances or equity contributions (other than proceeds used to repay any Indebtedness) to the extent (i) such proceeds have not been previously utilized in accordance with the terms of this Agreement (ii) no Event of
    Default shall have occurred and be continuing, (iii) such proceeds do not increase the Privacy Matters Amount and (iv) such Investment is made substantially simultaneously with Borrower or Holdings’ receipt thereof;

   

  provided, that no Investment otherwise permitted under clauses
      (r) or (bb) shall be permitted to be then made if any Event of Default has occurred and is continuing before or after giving effect to such Investment; provided further that for purposes of covenant compliance, the amount of any investment at
      any time shall be the amount actually invested (measured at the time made), without adjustment for subsequent changes in the value of such Investment, net of all dividends, interest, distributions, return of capital and other amounts received or
      realized in respect of such Investment, if any, up to the original amount of such Investment.

   

  Section 10.06      Restricted Payments, etc. Each Credit Party will not, and will not permit any of its Subsidiaries, to make any Restricted Payment, or make any deposit for any Restricted
      Payment, other than:

   

  (a)           cash payments to the Borrower and/or to Holdings to be used (i) for Tax Distributions, (ii) to pay (or to make Restricted Payments to any direct or indirect parent of Holdings to
      pay) franchise and similar taxes of Holdings, San Vicente Holdings, LLC or any entity affiliated with San Vicente Holdings, LLC, in each case, formed solely for the purpose of directly or indirectly holding the equity of Holdings, provided that such
      entities may engage in the activities contemplated by Section 8.22, and (iii) to pay (or to make Restricted Payments to any direct or indirect parent of Holdings to pay) taxes imposed on any distributions permitted by this clause (a);

   

  (b)           payments by any Subsidiary of any Credit Party to its direct parent (other than Holdings) so long as such parent is (i) a direct or indirect Wholly-Owned Subsidiary of any Credit
      Party, (ii) the Borrower or (iii) a direct parent (other than Holdings or a direct or indirect parent of Holdings) of a non-Wholly-Owned Subsidiary, in which case such payment shall be made pro rata to such parent based on its relative ownership
      interests in the class of equity receiving such Restricted Payment;

   

  
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  (c)           Restricted Payments by any Credit Party or any of its Subsidiaries to pay dividends with respect to its Capital Stock payable solely in additional shares of its Capital Stock (other
      than Disqualified Capital Stock);

   

  (d)           Restricted Payments to repurchase, redeem or otherwise acquire or retire for value any Capital Stock of Holdings, any direct or indirect parent of Holdings or its Subsidiaries held
      by any current or former employee, director, consultant or officer (or their transferees, spouses, ex-spouses, estates or beneficiaries under their estates) of any Credit Party or Subsidiary of any Credit Party pursuant to any employee equity
      subscription agreement, equity option agreement or equity ownership arrangement, including upon the death, disability, retirement, severance or termination of employment or service of such Persons to the extent (i) not exceeding $1,000,000 in the
      aggregate during any fiscal year and (ii) both before and after giving effect to any such payment, no Specified Event of Default or Financial Covenant or Financial Reporting Event of Default exists or would immediately thereafter occur as a result
      thereof; provided that to the extent any amounts remain unused under subclause (i) of this clause (d) in a given fiscal year of Holdings may be carried forward and made in the immediately succeeding fiscal year of Holdings without regard to
      any caps set forth herein;

   

  (e)           no earlier than 91 days after the date the Bridge Amortization payment has been made (together with the Applicable Prepayment Premium), Restricted Payments in an aggregate amount not
      to exceed 125% of the Deferred Purchase Price so long as (w) the amount of such Restricted Payments shall not exceed the amount necessary (after taking into account minority interests) to pay the Deferred Purchase Price, (x) the Total Leverage Ratio
      (calculated on a Pro Forma Basis) does not exceed 2.50:1.00, (y) pro forma Consolidated Liquidity is no less than $10,000,000 and (z) no Event of Default shall have occurred and be continuing or would result therefrom;

   

  (f)            Restricted Payments to Holdings to pay (or to make Restricted Payments to any direct or indirect parent of Holdings to pay) administrative, regulatory, accounting, auditing,
      directors, insurance and other ordinary course of business fees and expenses of Holdings or any direct or indirect parent of Holdings (to the extent solely attributable to ownership of Holdings), not to exceed $1,000,000 per fiscal year or otherwise
      with the prior written consent of the Administrative Agent, which shall not be unreasonably withheld, conditioned or delayed;

   

  (g)           Restricted Payments on or within one hundred and eighty (180) days after the Closing Date for the payment of out-of-pocket legal and accounting fees, costs and expenses in connection
      with the Transactions subject to delivery of invoices to the Administrative Agent promptly following the Closing Date;

   

  (h)           Restricted Payments to Holdings to pay (or to make Restricted Payments to any direct or indirect parent of Holdings to pay) the Aggregate Estimated Adjustment Amount and the
      difference (if positive) between the Aggregate Final Adjustment Amount and the Aggregate Estimated Adjustment Amount (each as defined in the Acquisition Agreement);

   

  (i)            Restricted Payments to pay monitoring, consulting, management, transaction, advisory, termination or similar fees (including termination fees, related indemnities and expense and any
      other fees and expenses paid or payable to or for the benefit of the Sponsor, any direct or indirect equity holder of Holdings or any Affiliate of the Sponsor or such equity holder) (which fees and expenses may be paid in the form of dividends)
      payable to the Sponsor, any direct or indirect equity holder of Holdings or any Affiliate of the Sponsor or such equity holder, in each case, subject to the Service Agreement in an amount not to exceed $2,000,000 in aggregate per fiscal year;
      provided, that, no Event of Default shall have occurred and be continuing or would result from such Restricted Payment;

   

  
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  (j)            to the extent constituting Restricted Payments, payments of Indebtedness permitted pursuant to Section 10.13; and

   

  (k)           Restricted Payments to Holdings (or a direct or indirect parent of Holdings) to pay taxes imposed on Holdings (or a direct or indirect parent of Holdings) relating to the vesting of
      stock-based awards consistent with past practice.

   

  Notwithstanding the foregoing, no COVID-19 Proceeds received by any
      Credit Party or any of their respective Subsidiaries shall be used directly or indirectly to make any Restricted Payments.

   

  Section 10.07      Modification of Certain Agreements. Each Credit Party will not, and will not permit any of its Subsidiaries or Affiliates to, consent to any amendment, supplement, waiver
      or other modification of, or enter into any forbearance from exercising any rights with respect to the terms or provisions contained in (a) any Organization Documents of a Credit Party, in each case, other than any amendment, supplement, waiver or
      modification or forbearance that could not reasonably be expected to be materially adverse to the interests of the Secured Parties (except with the consent of the Required Lenders) or if required by law, (b) any document, agreement or instrument
      evidencing or governing any Indebtedness that has been subordinated to the Obligations in right of payment or secured by any Liens that have been subordinated in priority to the Liens of Agent unless such amendment, supplement, waiver or other
      modification is permitted under the terms of the subordination or intercreditor agreement applicable thereto or could not reasonably be expected to be materially adverse to the interests of the Secured Parties (it being understood that the foregoing
      shall not prohibit the refinancing, replacement or exchange of such Indebtedness), or (c) the Acquisition Agreement and the Ancillary Agreements (as defined in the Acquisition Agreement) (collectively, the “Acquisition Documents”), in
      each case, other than any amendment, supplement, waiver or modification or forbearance that could not reasonably be expected to be adverse to the interests of the Secured Parties (except with the consent of the Required Lenders); provided, that, any
      amendment, supplement, waiver or modification or forbearance of the Acquisition Documents such that any Credit Party or any of their Subsidiaries become directly or indirectly liable with respect to the Deferred Purchase Price shall be deemed adverse
      to the interests of the Secured Parties.

   

  Section 10.08      Transactions with Affiliates. Each Credit Party will not, and will not permit any of its Subsidiaries, to enter into or cause or permit to exist any arrangement,
      transaction or contract (including for the purchase, lease or exchange of property or the rendering of services) with any Affiliate except (a) on fair and reasonable terms no less favorable to such Credit Party or such Subsidiary than it could obtain
      in an arm’s-length transaction with a Person that is not an Affiliate provided, that such Credit Party or Subsidiary shall provide notice of any such arrangement, transaction or contract which contemplates payments in excess of $750,000 in
      the aggregate to the Administrative Agent and is not otherwise permitted by clauses (b) through (j) of this Section 10.08 within five (5) Business Days prior to entering into such arrangement, transaction or contract (including for the
      purchase, lease or exchange of property or the rendering of services) with any Affiliate (other than the Credit Parties and their Subsidiaries), (b) customary fees to, and indemnifications of, non-officer directors (or equivalent persons) of the
      Credit Parties and their respective Subsidiaries, (c)(i) the payment of compensation and indemnification arrangements and benefit plans for officers and employees of the Credit Parties and their respective Subsidiaries in the ordinary course of
      business and (ii) reasonable severance agreements or payment of severance to applicable employees, directors (or equivalent persons) and officers either approved by the Credit Parties’ governing bodies or otherwise entered into or made in the
      ordinary course of business, (d) the Service Agreement, (e) transactions solely among Credit Parties, (f) [reserved], (g) transactions solely among Subsidiaries that are not Credit Parties, (h) the Transactions, (i) Restricted Payments permitted
      under Section 10.06, and (j) transactions identified on Schedule 8.26, in each case, without the prior written consent of the Administrative Agent (which shall not be unreasonably withheld, conditioned or delayed and which shall be granted in respect of any restructuring that could not reasonably be expected to be adverse to the interests of the Secured Parties).

   

  
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  Section 10.09      Restrictive Agreements, etc. Each Credit Party will not, and will not permit any of its Subsidiaries, to enter into any agreement (other than a Credit Document)
      prohibiting:

   

  (a)           the creation or assumption of any Lien upon its properties, revenues or assets, whether now owned or hereafter acquired, in favor of the Collateral Agent;

   

  (b)           the ability of such Person to amend or otherwise modify any Credit Document; or

   

  (c)           the ability of such Person to make any payments, directly or indirectly, to the Borrower, including by way of dividends, advances, repayments of loans, reimbursements of management
      and other intercompany charges, expenses and accruals or other returns on investments.

   

  The foregoing prohibitions shall not apply to customary restrictions
      of the type described in clause (a) above (which do not prohibit the Credit Parties from complying with or performing the terms of this Agreement and the other Credit Documents) which are contained in any agreement, (i) (A) governing any Indebtedness
      permitted by Section 10.01(d) as to the transfer of assets financed with the proceeds of such Indebtedness or (B) governing any Indebtedness permitted by Section 10.01(a) to the extent such prohibition or limitation is customary in
      agreements governing Indebtedness of such type and in any event so long as such agreement is not more restrictive, taken as a whole, than the Credit Documents, (ii) for the creation or assumption of any Lien on the sublet or assignment of any
      leasehold interest of any Credit Party or any of their respective Subsidiaries entered into in the ordinary course of business, (iii) for the assignment of any contract entered into by any Credit Party or any of their respective Subsidiaries in the
      ordinary course of business, (iv) for the transfer of any asset pending the close of the sale of such asset pursuant to a Disposition permitted under this Agreement, (v) customary restrictions in leases, subleases, licenses and sublicenses, (vi)
      [reserved], (vii)       with respect to Investments in joint ventures not constituting Subsidiaries, customary provisions restricting the pledge or transfer of Capital Stock issued by such joint ventures set forth in the applicable joint
    venture agreements and other similar agreements applicable to joint ventures permitted hereunder and applicable solely to such joint venture, (viii) applicable requirements of law, (ix) any agreement in effect at the time such Subsidiary becomes a
    Subsidiary, so long as such agreement was not entered into in connection with or in contemplation of such person become a Subsidiary and which encumbrance or restriction is not applicable to any person, or the properties or assets of any person, other
    than the person or the properties or assets of such Subsidiary, (x) customary provisions in partnership agreements, limited liability company organizational governance documents, asset sale and stock sale agreements and other similar agreements entered
    into in the ordinary course of business that restrict the transfer of ownership interests in such partnership, limited liability company, or similar person, and (xi) restrictions on cash or other deposits or net worth imposed by suppliers or landlords
    under contracts entered into in the ordinary course of business.

   

  Section 10.10      Hedging Agreement, etc. Each Credit Party will not, and will not permit any of its Subsidiaries to, enter into any Hedging Agreement, except Hedging Agreements entered
      into in the ordinary course of business and not for speculative purposes.

   

  Section 10.11      Changes in Business. Each Credit Party will not, and will not permit any of its Subsidiaries to engage in any material line of business substantially different from those
      lines of business conducted by the Borrower and its Subsidiaries on the Closing Date or any business reasonably related, ancillary, complementary, or incidental thereto and reasonable extensions thereof. Without limiting the foregoing, Holdings shall
      not engage in any business activity other than performing their respective obligations under the Credit Documents, owning the Capital Stock of its Subsidiaries, maintaining its corporate existence, participating in tax, accounting and other
    administrative activities as a member of the consolidated group of companies including the Credit Parties, making of Restricted Payments permitted hereunder, making capital contributions, taking actions in furtherance of and consummating a Qualifying
    IPO and fulfilling all initial and ongoing obligations related thereto or as otherwise permitted or contemplated by Section 8.22, in each case together with activities incidental to the businesses and activities described above and otherwise
    directly related thereto.

   

  
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  Section 10.12     Financial Covenants.

   

  Maximum Total Leverage Ratio. The Credit
      Parties will not permit the Total Leverage Ratio, as of the last day of each Test Period (beginning with fiscal quarter of Holdings ending on September 30, 2020) to be greater than 4.75:1.00 prior to and through March 31, 2022, and thereafter, to be
      greater than 3.25:1.00.

   

  Section 10.13      Voluntary Prepayments of Junior Indebtedness. Each Credit Party will not, and will not permit any of its Subsidiaries to make any scheduled payments or voluntary
      prepayments of all or any portion of any Junior Indebtedness other than (a) in accordance with the applicable subordination or intercreditor agreement governing such Junior Indebtedness, in each case, with terms that are reasonably acceptable to the
      Collateral Agent, (b) refinancings, replacements, substitutions, exchanges and renewals of any such Indebtedness to the extent such refinancing, replacement, exchange or renewed Indebtedness is permitted by Section 10.01 and the applicable
      subordination or intercreditor agreement governing such Junior Indebtedness with terms that are reasonably acceptable to the Collateral Agent and any fees and expenses in connection therewith; (c) by making payments of intercompany Indebtedness
      permitted under Section 10.01, subject to the Intercompany Subordination Agreement; (d) Holdings may make payments for or exchanges of Indebtedness in the form of Capital Stock of Holdings (or its direct or indirect parent company) (other
      than Disqualified Capital Stock); and (e) if no Financial Covenant or Financial Reporting Event of Default has occurred and is continuing, payments constituting an “AHYDO catch-up payment”.

   

  Section 10.14      Sale and Lease-Back Transactions. No Credit Party will, nor will it permit any Subsidiary to, enter into any arrangement, directly or indirectly, whereby it shall sell or
      transfer any property, real or personal, used or useful in its business, whether now owned or hereafter acquired, and thereafter rent or lease such property or other property that it intends to use for substantially the same purpose or purposes as
      the property sold or transferred (a “Sale and Lease-Back Transaction”).

   

  Section 10.15      OFAC; Patriot Act. No Credit Party shall, and no Credit Party shall permit any of its Subsidiaries to, fail to comply with the laws, regulations and executive orders
      referred to in Section 8.27 and Section 8.28 hereof.

   

  Section 10.16      Use of Proceeds. No Credit Party shall, and no Credit Party shall suffer or permit any of its Subsidiaries to, use any portion of the Loan proceeds, directly or
      indirectly, to purchase or carry Margin Stock or repay or otherwise refinance Indebtedness of any Credit Party or others incurred to purchase or carry margin stock, or otherwise in any manner which is in contravention of Regulations U or X of the
      Board or in violation of this Agreement.

   

  Section 10.17      Change of Jurisdiction or Corporate Name; Change of Fiscal Year or Fiscal Quarters.

   

  (a)           No Credit Party shall (i) except in the case of the non-surviving entity in a merger or other transaction permitted under Section 10.03, change its jurisdiction of
      organization and/or organizational identification number (if any) or (ii) change its legal name unless, in each case, the Collateral Agent and the Administrative Agent have been provided no less than ten (10) days’ prior written notice (or
    such shorter time period acceptable to Collateral Agent and the Administrative Agent in their discretion) of same with all details related thereto as the Collateral Agent or the Administrative Agent may reasonably request.

   

  
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  (b)          Without the prior written consent of the Administrative Agent (which shall not be unreasonably withheld, conditioned or delayed), no Credit Party shall, nor shall it permit any of
      its Subsidiaries to, for financial reporting purposes, (i) change its fiscal year from December 31 of each year or (ii) change its fiscal quarters to end on dates other than consistent with such fiscal year-end and Holdings’ or Borrower’s past
      practice.

   

  Section 10.18      Data Privacy. No Credit Party shall, and no Credit Party shall permit any of its Subsidiaries to make payments in respect of any amounts described in the definition of
      Damages (as defined in the Acquisition Agreement on the date hereof) (including, for the avoidance of doubt, any third party fees, costs and expenses including attorneys’ fees and disbursements) arising out of (i) data privacy matters identified to
      Fortress prior to the Closing Date referred to in Schedule 10.18, (ii) other data privacy matters arising out of the same events, facts or circumstances, or directly related events, facts or circumstances occurring within six months after the
      Closing Date, as those data privacy matters identified in the foregoing clause (i), or (iii) data privacy matters arising after the date falling twelve (12) months after the Closing Date, in each case, other than any such payments made using the
      Privacy Matters Amount; provided, that Damages shall not include expenditures made for the purpose of ensuring future compliance with Privacy and Security Laws.

   

  ARTICLE XI

   

  Events of Default

   

  Section 11.01      Listing of Events of Default. The occurrence and continuance of each of the following events or occurrences described in this Section 11.01 shall constitute an “Event

          of Default”:

   

   (a)           Non-Payment of Obligations. The Borrower shall default in the payment of:

   

  (i)         any principal of any Loan when such amount is due; or

   

   (ii)        any interest on any Loan and such default shall continue unremedied for a period of three (3) Business Days after such amount is due; or

   

  (iii)       any fee described in Article III or any other monetary Obligation, and such default shall continue unremedied for a period of three (3) Business Days after such amount is
      due.

   

  (b)           Breach of Warranty. Any representation or warranty of any Credit Party made or deemed to be made in any Credit Document (including any certificates delivered pursuant to Article

        VI) which, by its terms, is subject to a materiality qualifier, is or shall be incorrect in any respect when made or deemed to have been made or any other representation or warranty of any Credit Party made or deemed to be made in any Credit
      Document (including any certificates delivered pursuant to Article VI) is or shall be incorrect in any material respect when made or deemed to have been made.

   

  (c)           Non-Performance of Certain Covenants and Obligations. Any Credit Party shall default in the due performance or observance of any of its obligations under Section
        9.01(g)(i), Section 9.05(a), Section 9.05(b) (solely with respect to such Credit Party’s maintenance of good standing in its jurisdiction of organization), Section 9.11, Section 9.13(a) or Article X.

   

  
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  (d)           Non-Performance of Other Covenants and Obligations. (i) Any Credit Party shall default in the due performance or observance of its obligations under any covenant applicable to
      it under the Security Pledge Agreement and such default shall continue unremedied for a period of two (2) Business Days after any Credit Party shall have firsthand knowledge thereof or (ii) any Credit Party shall default in the due
    performance and observance of any obligation contained in any Credit Document executed by it (other than as specified in Sections 11.01(a), 11.01(b) or 11.01(c)), and such default shall continue unremedied for a period of ten
    (10) days (or in the case of Section 9.01 (other than Section 9.01(g)(i)), two (2) Business Days) after, in each case, the earliest to occur of (i) written notice thereof is given to any Credit Party by the Administrative Agent or (ii)
    actual knowledge of such occurrence by an Authorized Officer of the Borrower.

   

  (e)           Default on Other Indebtedness. (i) a default shall occur in the payment of any amount when due (subject to any applicable grace or cure period), whether by acceleration or
      otherwise, of any principal or stated amount of, or interest or fees on, any Indebtedness (other than the Obligations and Hedging Agreements) of any Credit Party or Subsidiary of any Credit Party having a principal or stated amount, individually or
      in the aggregate, in excess of $3,000,000, or a default shall occur in the performance or observation of any obligation or condition with respect to any such Indebtedness if the effect of such default is to accelerate the maturity of such
      Indebtedness or to permit the holders of such Indebtedness, or any trustee or agent for such holders, to cause or declare such Indebtedness to become immediately due and payable, (ii) a default shall occur (after expiration of any available grace or
      cure periods) in the performance or observance of any obligation or condition with respect to any Indebtedness of a Credit Party or a Subsidiary which has been subordinated (whether as to payment or Lien priority) to the Obligations or Agent’s Liens
      having a principal or stated amount, individually or in the aggregate, in excess of $3,000,000 or any such Indebtedness shall be required to be prepaid, redeemed, purchased or defeased, or require an offer to purchase or defease such Indebtedness to
      be made, prior to its expressed maturity, (iii) any Indebtedness of any Credit Party or Subsidiary of any Credit Party having a principal or stated amount, individually or in the aggregate, in excess of $3,000,000 (other than the Obligations and
      Hedging Agreements or in connection with a Disposition permitted hereunder) shall otherwise be required to be prepaid, redeemed, purchased or defeased, or require an offer to purchase or defease such Indebtedness to be made, prior to its expressed
      maturity, or (iv) there occurs under any Hedging Agreement an “early termination date” or similarly defined event (as defined in such Hedging Agreement) resulting from (A) any event of default under such Hedging Agreement as to which the Borrower or
      any of its Subsidiaries is the “defaulting party” or similarly defined person (as defined in the Hedging Agreement) or (B) any “termination event” or similarly defined event (as defined in the Hedging Agreement) under such Hedging Agreement as to
      which the Borrower or any of its Subsidiaries is an “affected party” or similarly defined person (as defined in the Hedging Agreement) and, in either event, the Swap Termination Value owed by the Credit Parties or such Subsidiary as a result thereof
      is greater than $3,000,000; provided that this clause (e) shall not apply to secured Indebtedness that becomes due directly as a result of (x) a casualty or condemnation event or (y) the voluntary sale or transfer of the property or
    assets securing such Indebtedness, if such sale or transfer is permitted hereunder and under the documents providing for such Indebtedness to the extent that such Credit Party’s obligations with respect to such Indebtedness are extinguished in full
    upon such sale or transfer.

   

  (f)            Judgments. Any judgment or order for the payment of money individually or in the aggregate in excess of $3,000,000 (exclusive of any amounts fully covered by insurance (less
      any applicable deductible) and indemnities and as to which the insurer or indemnitor has been notified of the potential claim) shall be rendered against any Credit Party or any of their respective Subsidiaries and such judgment shall not have been
      vacated or discharged or stayed or bonded pending appeal within sixty (60) days after the entry thereof or enforcement proceedings shall have been commenced by any creditor upon such judgment or order.

   

  
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   (g)           Bankruptcy, Insolvency, etc. Any Credit Party or any of their respective Subsidiaries shall:

   

  (i)         generally fail to pay, or admit in writing its inability or unwillingness generally to pay, its debts as they become due;

   

  (ii)        apply for, consent to, or acquiesce in the appointment of a trustee, receiver, sequestrator or other custodian for any substantial part of the assets or other property of any such
      Person, or make a general assignment for the benefit of creditors;

   

  (iii)       in the absence of such application, consent or acquiesce to or permit or suffer to exist, the appointment of a trustee, receiver, sequestrator or other custodian for a substantial
      part of the property of any thereof, and such trustee, receiver, sequestrator or other custodian shall not be discharged within sixty (60) days; provided, that each Credit Party hereby expressly authorizes each Secured Party to appear in any
      court conducting any relevant proceeding during such 45-day period to preserve, protect and defend their rights under the Credit Documents;

   

  (iv)       permit or suffer to exist the commencement of any bankruptcy, reorganization, debt arrangement or other case or proceeding under any bankruptcy or insolvency law or any dissolution,
      winding up or liquidation proceeding, in respect thereof, and, if any such case or proceeding is not commenced by such Person, such case or proceeding shall be consented to or acquiesced in by such Person, or shall result in the entry of an order for
      relief that is not stayed or shall remain for sixty (60) days undismissed; provided, that each Credit Party hereby expressly authorizes each Secured Party to appear in any court conducting any such case or proceeding during such 60-day period
      to preserve, protect and defend their rights under the Credit Documents; or

   

   (v)        take

      any action authorizing any of the foregoing.

   

  (h)           Impairment of Security, etc. Any Credit Document or any Lien granted thereunder shall (except in accordance with its terms or as a result of acts or a failure to act by any
      Agent or Lender where the Credit Parties are, if requested by an Agent, cooperating with the Agents in remediating such event), in whole or in part, terminate, cease to be effective or cease to be the legally valid, binding and enforceable obligation
      of any Credit Party thereto, or any Credit Party or any other Affiliate of a Credit Party shall, directly or indirectly, contest or limit in any manner such effectiveness, validity, binding nature or enforceability (other than as a result of the
      discharge of such Credit Party in accordance with the terms of the Credit Documents); or, except as permitted under any Credit Document or as a result of acts or a failure to act by any Agent where the Credit Parties are, if requested by an Agent or
      a Lender, cooperating with the Agents in remediating such event, any Lien securing any Obligation shall, in whole or in part, cease to be a perfected Lien.

   

   (i)            Change of Control. Any Change of Control shall occur.

   

  (j)            ERISA Events. Any of the events described in Section 9.07(a) shall occur that could reasonably be expected, individually or in the aggregate, to result in a Material
      Adverse Effect.

   

  (k)           Non-Payment of the Deferred Purchase Price. Any failure by the Purchaser to pay any part of the Deferred Purchase Price in accordance with the Acquisition Agreement within ten
      (10) Business Days of the Seller providing notice to the Purchaser of such failure.

   

  
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  Section 11.02      Remedies Upon Event of Default. If any Event of Default shall occur for any reason, whether voluntary or involuntary, and be continuing, the Administrative Agent may, and
      upon the direction of the Collateral Agent or Required Lenders shall, by notice to the Borrower declare all or any portion of the outstanding principal amount of the Loans and other Obligations to be due and payable, whereupon the full unpaid amount
      of such Loans and other Obligations which shall be so declared due and payable shall be and become immediately due and payable, without further notice, demand or presentment. The Lenders, the Collateral Agent and the Administrative Agent shall have
      all other rights and remedies available at law or in equity or pursuant to any Credit Documents.

   

  ARTICLE XII

   

  The Agents

   

  Section 12.01      Appointment. Each Lender (and, if applicable, each other Secured Party) hereby appoints Fortress Credit Corp. as its Administrative Agent and as its Collateral Agent
      under and for purposes of each Credit Document, and hereby authorizes the Administrative Agent and Collateral Agent to act on behalf of such Lender (and, if applicable, each other Secured Party) under each Credit Document and, in the absence of other
      written instructions from the Lenders pursuant to the terms of the Credit Documents received from time to time by the Administrative Agent and Collateral Agent, to exercise such powers hereunder and thereunder as are specifically delegated to or
      required of the Administrative Agent and Collateral Agent by the terms hereof and thereof, together with such powers as may be incidental thereto. Each Lender (and, if applicable, each other Secured Party) hereby irrevocably designates and appoints
      each Agent as the agent of such Lender (and, if applicable, each other Secured Party). Notwithstanding any provision to the contrary elsewhere in this Agreement, no Agent shall have any duties or responsibilities, except those expressly set forth
      herein (or in the other Credit Documents), or any fiduciary relationship with any Lender or other Secured Party, and no implied covenants, functions, responsibilities, duties, obligations or liabilities shall be read into this Agreement or any other
      Credit Document or otherwise exist against any Agent.

   

  Section 12.02      Delegation of Duties. Each Agent may execute any of its duties under this Agreement and the other Credit Documents by or through agents or attorneys-in-fact and shall be
      entitled to advice of counsel concerning all matters pertaining to such duties. No Agent shall be responsible for the negligence or misconduct of any agents or attorneys-in-fact selected by it with reasonable care.

   

  Section 12.03      Exculpatory Provisions. Neither any Agent nor any of their respective officers, directors, employees, agents, attorneys in fact or Affiliates shall be (a) liable for any
      action lawfully taken or omitted to be taken by it or such Person under or in connection with this Agreement or any other Credit Document (except to the extent that any of the foregoing are found by a final and nonappealable decision of a court of
      competent jurisdiction to have resulted from its or such Person’s own gross negligence or willful misconduct) or (b) responsible in any manner to any of the Lenders or any other Secured Party for any recitals, statements, representations or
      warranties made by any Credit Party or any officer thereof contained in this Agreement or any other Credit Document or in any certificate, report, statement or other document referred to or provided for in, or received by the Agents under or in
      connection with, this Agreement or any other Credit Document or for the value, validity, effectiveness, genuineness, enforceability or sufficiency of this Agreement or any other Credit Document or for any failure of any Credit Party or other Person
      to perform its obligations hereunder or thereunder. None of the Agents shall be required to take any action that, in its reasonable opinion or the reasonable opinion of its counsel, may expose such Agent to liability or that is contrary to any Credit
      Document or applicable law, including for the avoidance of doubt any action that may be in violation of the automatic stay under any bankruptcy or insolvency law or other similar law or that may effect a forfeiture, modification or termination of
      property of a Defaulting Lender in violation of any bankruptcy or insolvency law or other similar law. The Agents shall not be under any obligation to any Lender to ascertain or to inquire as to the observance or performance of any of the
    agreements contained in, or conditions of, this Agreement or any other Credit Document, or to inspect the properties, books or records of any Credit Party. Notwithstanding anything herein to the contrary, the Administrative Agent shall have no
    responsibility for, or liability in connection with, monitoring or enforcing the prohibition on assignments or participations to Excluded Transferees. Without limiting the generality of the foregoing, the Administrative Agent shall not (x) be obligated
    to ascertain, monitor or inquire as to whether any Lender or participant or prospective Lender or participant is an Excluded Transferee or (y) have any liability with respect to or arising out of any assignment or participation of loans, or disclosure
    of confidential information, to, or the restrictions on any exercise of rights or remedies of, any Excluded Transferee.

   

  
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  Section 12.04      Reliance by Agents. Each Agent shall be entitled to rely, and shall be fully protected in relying, upon any instrument, writing, resolution, notice, consent, certificate,
      affidavit, letter, telecopy, telex or teletype message, statement, order or other document or conversation believed by it to be genuine and correct and to have been signed, sent or made by the proper Person or Persons and upon advice and statements
      of legal counsel (including counsel to the Credit Parties), independent accountants and other experts selected by such Agent. The Agents may deem and treat the payee of any note as the owner thereof for all purposes unless a written notice of
      assignment, negotiation or transfer thereof shall have been filed with the Agents. As to any matters not clearly and expressly provided for by the Credit Documents, each Agent shall be fully justified in failing or refusing to take any action under
      this Agreement or any other Credit Document unless it shall first receive such advice or concurrence of the Required Lenders (or, if so specified by this Agreement, all or other requisite Lenders) as it deems appropriate or it shall first be
      indemnified to its satisfaction by the Lenders against any and all liability and expense that may be incurred by it by reason of taking or continuing to take any such action. Each Agent shall in all cases be fully protected in acting, or in
      refraining from acting, under this Agreement and the other Credit Documents in accordance with a request of the other Agent and/or the Required Lenders (or, if so specified by this Agreement, all Lenders), and such request and any action taken or
      failure to act pursuant thereto shall be binding upon all the Lenders and all future holders of the Loans and all other Secured Parties.

   

  Section 12.05      Notice of Default. No Agent shall be deemed to have knowledge or notice of the occurrence of any Default or Event of Default hereunder, except with respect to any Default
      or Event of Default in the payment of principal, interest and fees required to be paid to the Administrative Agent for the account of the Lenders unless the Administrative Agent has received notice from a Lender or the Borrower referring to this
      Agreement, describing such Default or Event of Default and stating that such notice is a “notice of default”. In the event that an Agent receives such a notice, such Agent shall give notice thereof to the other Agent and the Lenders. Each Agent shall
      take such action with respect to such Default or Event of Default as shall be reasonably directed by the Required Lenders (or, if so specified by this Agreement, all Lenders or any other instructing group of Lenders specified by this Agreement); provided,
      that unless and until each Agent shall have received such directions, the Agents may (but shall not be obligated to) take such action, or refrain from taking such action, with respect to such Default or Event of Default as such Agent shall deem
      advisable in the best interests of the Secured Parties.

   

  Section 12.06      Non Reliance on Agents and Other Lenders. Each Lender (and, if applicable, each other Secured Party) expressly acknowledges that neither the Agents nor any of their
      respective officers, directors, employees, agents, attorneys in fact or Affiliates have made any representations or warranties to it and that no act by any Agent hereafter taken, including any review of the affairs of a Credit Party or any Affiliate
      of a Credit Party, shall be deemed to constitute any representation or warranty by any Agent to any Lender or any other Secured Party. Each Lender (and, if applicable, each other Secured Party) represents to the Agents that it has, independently and
      without reliance upon any Agent or any other Lender or any other Secured Party, and based on such documents and information as it has deemed appropriate, made its own appraisal of, and investigation into, the business, operations, property, financial
      and other condition and creditworthiness of the Credit Parties and their Affiliates and made its own decision to make its Loans hereunder and enter into this Agreement. Each Lender (and, if applicable, each other Secured Party) also
    represents that it will, independently and without reliance upon any Agent or any other Lender or any other Secured Party, and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit analysis,
    appraisals and decisions in taking or not taking action under this Agreement and the other Credit Documents, and to make such investigation as it deems necessary to inform itself as to the business, operations, property, financial and other condition
    and creditworthiness of the Credit Parties and their Affiliates. Except for notices, reports and other documents expressly required to be furnished to the Lenders by any Agent hereunder, the Agents shall not have any duty or responsibility to provide
    any Lender or any other Secured Party with any credit or other information concerning the business, operations, property, condition (financial or otherwise), prospects or creditworthiness of any Credit Party or any Affiliate of a Credit Party that may
    come into the possession of such Agent or any of its officers, directors, employees, agents, attorneys-in-fact or Affiliates.

   

  
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  Section 12.07      Indemnification. The Lenders agree to indemnify each Agent in its capacity as such (to the extent not reimbursed by the Credit Parties and without limiting the obligation
      of the Credit Parties to do so), ratably according to their respective Total Credit Exposure in effect on the date on which indemnification is sought under this Section 12.07 (or, if indemnification is sought after the date upon which the
      Commitments shall have terminated and the Loans shall have been paid in full, ratably in accordance with such Total Credit Exposure immediately prior to such date), from and against any and all liabilities, obligations, losses, damages, penalties,
      actions, judgments, suits, costs, expenses or disbursements of any kind whatsoever that may at any time (whether before or after the payment of the Loans) be imposed on, incurred by or asserted against such Agent in any way relating to or arising out
      of, the Commitments, this Agreement, any of the other Credit Documents or any documents contemplated by or referred to herein or therein or the transactions contemplated hereby or thereby or any action taken or omitted by such Agent under or in
      connection with any of the foregoing; provided, that no Lender shall be liable for the payment of any portion of such liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements that are
      found by a final and nonappealable decision of a court of competent jurisdiction to have resulted from such Agent’s gross negligence or willful misconduct. The agreements in this Section 12.07 shall survive the payment of the Loans and all
      other amounts payable hereunder.

   

  Section 12.08      Agent in Its Individual Capacity. Each Agent and its Affiliates may make loans to, accept deposits from and generally engage in any kind of business with any Credit Party
      as though such Agent were not an Agent. With respect to its Loans made or renewed by it, each Agent shall have the same rights and powers under this Agreement and the other Credit Documents as any Lender and may exercise the same as though it were
      not an Agent, and the terms “Lender”, “Lenders”, “Secured Party” and “Secured Parties” shall include each Agent in its individual capacity.

   

  Section 12.09      Successor Agents. The Administrative Agent or Collateral Agent may resign as Administrative Agent or Collateral Agent, respectively, upon thirty (30) days’ notice to the
      Lenders, such other Agent and the Borrower. If the Administrative Agent or Collateral Agent shall resign as such Agent in its applicable capacity under this Agreement and the other Credit Documents, then the Required Lenders shall appoint from among
      the Lenders a successor agent, which successor agent shall (unless an Event of Default shall have occurred and be continuing) be subject to approval by the Borrower (which approval shall not be unreasonably withheld, conditioned or delayed),
      whereupon such successor agent shall succeed to the rights, powers and duties of such Agent in its applicable capacity, and the term “Administrative Agent” or “Collateral Agent”, as the case may be, shall mean such successor agent effective upon such
      appointment and approval, and the former Agent’s rights, powers and duties as the Administrative Agent or the Collateral Agent, in its applicable capacity, shall be terminated, without any other or further act or deed on the part of such former Agent
      or any of the parties to this Agreement or any holders of the Loans. If no applicable successor agent has accepted appointment as such Agent in its applicable capacity by the date that is thirty (30) days following such retiring Agent’s
    notice of resignation, such retiring Agent’s resignation shall nevertheless thereupon become effective and the Lenders shall assume and perform all of the duties of such Agent hereunder until such time, if any, as the Required Lenders appoint a
    successor agent as provided for above. After any retiring Agent’s resignation as the Administrative Agent or the Collateral Agent, as applicable, the provisions of this Article XII shall inure to its benefit as to any actions taken or omitted
    to be taken by it while it was an Agent under this Agreement and the other Credit Documents.

   

  
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  Section 12.10      Agents Generally. Except as expressly set forth herein, no Agent shall have any duties or responsibilities hereunder in its capacity as such.

   

  Section 12.11      Restrictions on Actions by Lenders; Sharing of Payments.

   

  (a)           Each of the Lenders agrees that it shall not, without the express written consent of the Collateral Agent, and that it shall, to the extent it is lawfully entitled to do so, upon the
      written request of the Collateral Agent, set off against the Obligations, any amounts owing by such Lender to any Credit Party or any of their respective Subsidiaries or any deposit accounts of any Credit Party or any of their respective Subsidiaries
      now or hereafter maintained with such Lender. Each of the Lenders further agrees that it shall not, unless specifically requested to do so in writing by the Collateral Agent, take or cause to be taken any action, including, the commencement of any
      legal or equitable proceedings to enforce any Credit Document against any Credit Party or to foreclose any Lien on, or otherwise enforce any security interest in, any of the Collateral.

   

  (b)           Subject to Section 13.09 if, at any time or times any Lender shall receive (i) by payment, foreclosure, setoff, or otherwise, any proceeds of Collateral or any
    payments with respect to the Obligations, except for any such proceeds or payments received by such Lender from the Agents pursuant to the terms of this Agreement, or (ii) payments from the Agents in excess of such Lender’s pro rata share of all such
    distributions by Agents, such Lender promptly shall (A) turn the same over to the Administrative Agent, in kind, and with such endorsements as may be required to negotiate the same to the Administrative Agent, or in immediately available funds, as
    applicable, for the account of all of the Lenders and for application to the Obligations in accordance with the applicable provisions of this Agreement, or (B) purchase, without recourse or warranty, an undivided interest and participation in the
    Obligations owed to the other Lenders so that such excess payment received shall be applied ratably as among the Lenders in accordance with their pro rata shares; provided, that to the extent that such excess payment received by the purchasing
    party is thereafter recovered from it, those purchases of participations shall be rescinded in whole or in part, as applicable, and the applicable portion of the purchase price paid therefor shall be returned to such purchasing party, but without
    interest except to the extent that such purchasing party is required to pay interest in connection with the recovery of the excess payment.

   

  Section 12.12      Agency for Perfection. Collateral Agent hereby appoints each other Secured Party as its agent (and each Secured Party hereby accepts such appointment) for the purpose of
      perfecting the Collateral Agent’s Liens in assets which, in accordance with Article VII or Article VIII, as applicable, of the Uniform Commercial Code of any applicable state can be perfected only by possession or control. Should any Secured Party
      obtain possession or control of any such Collateral, such Secured Party shall notify Collateral Agent thereof, and, promptly upon Collateral Agent’s request therefor shall deliver possession or control of such Collateral to Collateral Agent or in
      accordance with Collateral Agent’s instructions.

   

  Section 12.13      Lead Arranger and Bookrunner. Anything herein to the contrary notwithstanding, the lead arranger and the bookrunner shall not have any right, power, obligation,
      liability, responsibility or duty under this Agreement, except in their respective capacities, if applicable, as an Agent or a Lender hereunder.

   

  
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  ARTICLE XIII

   

  Miscellaneous

   

  Section 13.01     Amendments and Waivers. Neither this Agreement nor any other Credit Document, nor any terms hereof or thereof, may be amended, supplemented or modified except in accordance
      with the provisions of this Section 13.01. The Required Lenders may, or, with the consent of the Required Lenders, the Collateral Agent or Administrative Agent, as applicable, may, from time to time, (a)  enter into with the relevant
    Credit Party or Credit Parties written amendments, supplements or modifications hereto and to the other Credit Documents for the purpose of adding any provisions to this Agreement or the other Credit Documents or changing in any manner the rights of
    the Lenders or the Credit Parties hereunder or thereunder or (b) waive, on such terms and conditions as the Required Lenders, the Collateral Agent or Administrative Agent, as the case may be, may specify in such instrument, any of the requirements of
    this Agreement or the other Credit Documents or any Default or Event of Default and its consequences; provided, that, in addition to the foregoing requirement, no such waiver, amendment, supplement or modification shall directly, except as
    contemplated by Section 2.01(e), Section 2.12, or the definition of LIBOR Rate:

   

  (i)         (A) reduce or forgive any portion of any Loan or extend the final expiration date of any Lender’s Commitment or extend the final scheduled maturity date of any Loan or reduce the
      stated interest rate or forgive any mandatory prepayment required to be made pursuant to Section 5.02 (it being understood that any change to the definitions of Total Leverage Ratio, or in the component definitions thereof shall not
      constitute a reduction in the stated interest rate and only the consent of the Required Lenders shall be necessary to waive any obligation of the Borrower to pay interest at the “default rate” or amend Section 2.08(c)), or (B) reduce or
      forgive any portion or extend the date for the payment, of any interest or fee, including any prepayment premium, payable hereunder (other than as a result of waiving the applicability of any post-default increase in interest rates and other than as
      a result of a waiver or amendment of any mandatory prepayment of Term Loans), or (C) decrease or forgive any Term Loan Repayment Amount or Bridge Amortization, or (D) extend any scheduled Term Loan Repayment Date or any scheduled date of repayment of
      the Loans (other than as a result of a waiver or amendment of any mandatory prepayment of Term Loans required by Section 5.02 (which shall not constitute an extension of any scheduled Term Loan Repayment Date)), or (E) amend or modify any
      provisions of Section 13.09(b) or any other provision that provides for the pro rata nature of disbursements by or payments to Lenders (including any amendment that would permit open market buybacks), in each case, without the written
      consent of each Lender directly and adversely affected thereby;

   

  (ii)        amend, modify or waive any provision of this Section 13.01 or reduce the percentages specified in the definition of the term “Required Lenders” or consent to the assignment
      or transfer by any Credit Party of its rights and obligations under any Credit Document to which it is a party (except as permitted pursuant to Section 10.03), in each case, without the written consent of each Lender;

   

   (iii)       increase

      the aggregate amount of any Commitment of any Lender without the consent of such Lender;

    

    

   (iv)       amend,

      modify or waive any provision of Article XII without the written consent of the then-current Collateral Agent and Administrative Agent;

   

  
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  		(v)	[reserved];

   

  		(vi)	[reserved];

   

  (vii)        release all or substantially all of the Guarantors under the Guarantee Agreement (except as expressly permitted by the Guarantee Agreement), or release (or subordinate the Liens
      securing the Obligations with respect to) all or substantially all of the Collateral under the Security Documents (except as expressly permitted thereby and in Section 13.19), in each case, without the prior written consent of each Lender;

   

  		(viii)	[reserved];

   

  (ix)         amend, modify or waive any provision of any Credit Document in a manner that by its terms adversely affects the rights in respect of payments due to Lenders holding, or Collateral
      securing, Loans or other Obligations of any Class differently than those holding Loans or other Obligations of any other Class, without the written consent of Lenders holding a majority in interest of the outstanding Loans and unused Commitments
      under each affected Class;

   

  		(x)	[reserved];

   

  		(xi)	[reserved]; or

   

  (xii)        amend, modify or waive any provision of Section 5.02(f) where the effect of such amendment, modification or waiver is for the purpose of reducing or forgiving any portion,
      extending the date or affecting the priority of the payment of any principal, interest or other amount payable pursuant to Section 5.02(f), without the written consent of each Lender.

   

  Notwithstanding the foregoing or anything to the contrary herein:

   

  (i)           this
      Agreement may be amended (or amended and restated) with the written consent of the Required Lenders, the Agents and the Borrower (x) to add one or more additional credit facilities to this Agreement and to permit the extensions of credit from time to
      time outstanding thereunder and the accrued interest and fees in respect thereof to share ratably in the benefits of this Agreement and the other Credit Documents with the Term Loans and (y) to include appropriately the Lenders holding such credit
      facilities in any determination of the Required Lenders and other definitions related to such new Class;;

   

  		(ii)	[reserved];

   

  		(iii)	[reserved];

   

  (iv)         no Defaulting Lender shall have any right to approve or disapprove any amendment, waiver or consent hereunder, except that (x) the Commitments of such Lender may not be increased or
      extended without the consent of such Defaulting Lender, (y) the principal of, rate of interest on or any fees owing to such Defaulting Lender may not be reduced or such principal, interest or fees may not be forgiven, or (z) the date fixed for any
      payment of principal, interest or fees owing to such Defaulting Lender may not be postponed or waived or the date of termination of the commitment of any such Defaulting Lender hereunder may not be postponed, in each case, without the prior written
      consent of such Defaulting Lender;

   

  
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  (v)           schedules to this Agreement and the Security Pledge Agreement may be amended or supplemented by the delivery of a Compliance Certificate in accordance with, and solely to the extent
      set forth in, Section 9.01(e); and

   

  (vi)          this
      Agreement and any other Credit Document may be amended solely with the consent of the Administrative Agent, the Collateral Agent and the Borrower without the need to obtain the consent of any other Lender if such amendment is delivered in order to
      (x) correct or cure ambiguities, errors, omissions, defects, (y) effect administrative changes of a technical or immaterial nature or (z) correct or cure incorrect cross references or similar inaccuracies in this Agreement or the applicable Credit
      Document. Guarantees, collateral documents, security documents, intercreditor agreements, and related documents executed in connection with this Agreement may be in a form reasonably determined by the Administrative Agent or the Collateral Agent, as
      applicable, and may be amended, modified, terminated or waived, and consent to any departure therefrom may be given, without the consent of any Lender if such amendment, modification, waiver or consent is given in order to (x) comply with local law
      or advice of counsel, (y) cause such guarantee, collateral document, security document or related document to be consistent with this Agreement and the other Credit Documents or (z) effect the granting, perfection, protection, expansion or
      enhancement of any security interest in any Collateral or additional property to become Collateral for the benefit of the Secured Parties. Any such amendment shall become effective without any further consent of any other party to such Credit
      Document.

   

  Section 13.02      Notices and Other Communications; Facsimile Copies.

   

  (a)          General. Unless otherwise expressly provided herein, all notices and other communications provided for hereunder or under any other Credit Document shall be in writing
      (including by facsimile transmission). All such written notices shall be mailed, faxed or delivered to the applicable address, facsimile number or electronic mail address, and all notices and other communications expressly permitted hereunder to be
      given by telephone shall be made to the applicable telephone number, as follows:

   

  (i)            if to the Credit Parties or the Agents, to the address, facsimile number, electronic mail address or telephone number specified for such Person on Schedule 13.02 or to such
      other address, facsimile number, electronic mail address or telephone number as shall be designated by such party in a notice to the other parties; and

   

  (ii)           if to any other Lender, to the address, facsimile number, electronic mail address or telephone number specified in its Administrative Questionnaire or to such other address,
      facsimile number, electronic mail address or telephone number as shall be designated by such party in a notice to the Borrower and the Agents.

   

  All such notices and other
      communications shall be deemed to be given or made upon the earlier to occur of (i) actual receipt by the relevant party hereto and (ii) (A) if delivered by hand or by courier, when signed for by or on behalf of the relevant party hereto; (B) if
      delivered by facsimile, when sent and receipt has been confirmed by telephone; and (C) if delivered by electronic mail (which form of delivery is subject to the provisions of Section 13.02(c)), when delivered; provided, that notices
      and other communications to the Agents pursuant to Article II shall not be effective until actually received by such Person.

   

  (b)         Effectiveness of
        Facsimile Documents and Signatures. Credit Documents may be transmitted and/or signed by facsimile or other electronic communication. The effectiveness of any such documents and signatures shall have the same force and effect as manually signed
      originals and shall be binding on all Credit Parties, the Agents and the Lenders.

   

  
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  (c)         Reliance by Agents and Lenders. The Agents and the Lenders shall be entitled to rely and act upon any notices (including telephonic notices) purportedly given by or on
      behalf of any Credit Party 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. All telephonic notices to either Agent may be recorded by such Agent, and each of the parties hereto hereby consents to such recording.

   

  Section
      13.03       No Waiver; Cumulative Remedies. No failure to exercise and no delay in exercising, on the part of any Agent or any Lender, any right, remedy, power or privilege hereunder or under the other Credit Documents 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.

   

  Section 13.04      Survival of Representations and Warranties. All representations and warranties made hereunder and in the other Credit Documents shall survive the execution and delivery of
      this Agreement and the making of the Loans hereunder.

   

  
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  Section
      13.05       Payment of Expenses; Indemnification. The Borrower agrees, on the Closing Date to the extent invoiced subject to the terms and conditions of Section
      6.16, or at any time following the Closing Date, within thirty (30) days after initial presentment or demand therefor (or immediately upon demand during the continuance of a Specified Event of Default), (a) to pay or reimburse each Agent for all
      their respective, reasonable and documented (to the extent available) out-of-pocket costs and expenses incurred in connection with the development, preparation and execution of, and any amendment, supplement or modification to, this Agreement and the
      other Credit Documents and any other documents prepared in connection herewith or therewith, and the consummation and administration of the transactions contemplated hereby and thereby, including the reasonable fees, disbursements and other charges
      of their respective counsel (limited to one lead counsel for the Agents and one regulatory counsel for the Agents to the extent reasonably necessary, and, if necessary, one local counsel in the relevant material jurisdiction) to each Agent, (b) to
      pay or reimburse each Lender and each Agent for all their respective, reasonable and documented (to the extent available) out-of-pocket costs and expenses incurred in connection with the enforcement or preservation of any rights under this Agreement
      (including retention of financial advisors), the other Credit Documents and any such other documents, including the reasonable fees, disbursements and other charges of counsel to the Lenders and of counsel to the Agents (which shall be limited to one
      lead counsel, one regulatory counsel to the extent reasonably necessary, for the Agents, and, if necessary, one local counsel in the relevant material jurisdiction to the Lenders, as a group, and to the Agents, as another group, and, solely in the
      event of a conflict of interest, one additional lead counsel and one additional regulatory counsel per Agent to the extent reasonably necessary (and, if necessary, one local counsel in each relevant material jurisdiction per Agent) to each group of
      similarly situated affected Persons), (c) [reserved], (d) to pay or reimburse each of the Administrative Agent and the Collateral Agent for all reasonable fees and expenses incurred in exercising its rights under Section 9.12 and (e) to pay,
      indemnify and hold harmless each Lender and the Agents, their transferees, and their respective Related Parties (the “Indemnified Parties”) from and against any and all other liabilities, obligations, losses (other than lost profits),
      damages, penalties, actions, judgments, suits, and reasonable and documented (to the extent available) out-of-pocket costs, expenses or disbursements of any kind or nature whatsoever, including reasonable and documented (to the extent available)
      fees, disbursements and other charges of counsel, with respect to the enforcement, preservation or protection of its rights under, this Agreement (and the execution, delivery, performance and administration of this Agreement, the other Credit
      Documents and any such other documents solely with respect to the Agents), the other Credit Documents and any such other documents, including all such costs and expenses incurred during any workout, restructuring or negotiations in respect of the
      Obligations (including retention of financial advisors) and any of the foregoing relating to the violation of, noncompliance with or liability under, any Environmental Law, or any actual or alleged presence of Hazardous Materials, in each
    case applicable to the operations of each Credit Party, any of their respective Subsidiaries or any of their Real Property (all the foregoing in this clause (f), collectively, the “indemnified liabilities”); provided, that the
    Credit Parties shall have no obligation hereunder to the applicable Indemnified Party with respect to indemnified liabilities to the extent determined in a final judgment of a court of competent jurisdiction to have arisen from (i) gross negligence or
    willful misconduct of such Indemnified Party, (ii) a material breach by such Indemnified Party of its obligations under any Credit Document which is not made in response to a breach by a Credit Party under any Credit Document or (iii) disputes among
    the Indemnified Parties for actions by one or more of the Agents which is outside of the scope of any such Agent’s capacity as an Agent hereunder and that does not involve any act or omission by Holdings, the Borrower or their respective Affiliates; provided

      further, that the Borrower shall not be required to reimburse the legal fees and expenses of more than one primary outside counsel (in addition to one special or regulatory counsel and up to one local counsel in each applicable material local
    jurisdiction) for all Persons indemnified hereunder taken as a whole unless, in the reasonable opinion of the Administrative Agent, Collateral Agent or the reasonable opinion of its counsel, representation of all such indemnified Persons by such
    counsels would be inappropriate due to the existence of an actual or potential conflict of interest. The agreements in this Section 13.05 shall survive repayment of the Loans and all other amounts payable hereunder and termination of this
    Agreement. To the fullest extent permitted by Applicable Law, no Credit Party, no Lender and no Agent shall assert, and each Credit Party, each Lender and each Agent hereby waives, any claim against any of the Indemnified Parties or any of the Credit
    Parties, as applicable, 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 Credit Document or
    any agreement or instrument contemplated hereby, the transactions contemplated hereby or thereby, any Loan or the use of the proceeds thereof. Except with respect to matters involving fraud on the part of any Credit Party, to the fullest extent
    permitted by Applicable Law, no Indemnified Party shall assert, and each Indemnified Party hereby waives, any claim against any of the Credit Parties, on any theory of liability, for special, exemplary or punitive damages arising out of, in connection
    with, or as a result of, this Agreement, any other Credit Document or any agreement or instrument contemplated hereby, the transactions contemplated hereby or thereby, any Loan or the use of the proceeds thereof. None of the Indemnified Parties shall
    be liable for any damages arising from the use by unintended recipients of any information or other materials distributed by it through telecommunications, electronic or other information transmission systems in connection with this Agreement or the
    other Credit Documents or the transactions contemplated hereby or thereby. This Section 13.05 shall not apply with respect to Taxes other than any Taxes that represent losses, claims, damages, etc., arising from any non-Tax claim.

   

  Section 13.06 
            Successors and Assigns; Participations and Assignments. (a) The provisions of this Agreement shall be binding upon and inure to the benefit of the parties
      hereto and their respective successors and assigns permitted hereby, except that (i) except as set forth in Section 10.03, no Credit Party may assign or otherwise transfer any of its rights or obligations hereunder without the prior written
      consent of each Lender (and any attempted assignment or transfer by any Credit Party without such consent shall be null and void) and (ii) no Lender may assign or otherwise transfer its rights or obligations hereunder except in accordance with this Section

        13.06. Nothing in this Agreement, expressed or implied, shall be construed to confer upon any Person (other than the parties hereto, their respective successors and assigns permitted hereby, Participants (to the extent provided in paragraph (c)
      of this Section 13.06) and, to the extent expressly contemplated hereby, the Related Parties of each of the Agents and the Lenders) any legal or equitable right, remedy or claim under or by reason of this Agreement. Notwithstanding anything
      to the contrary herein, (a) any Lender shall be permitted to pledge or grant a security interest in all or any portion of such Lender’s rights hereunder including, but not limited to, any Loans (without the consent of, or notice to or any other
      action by, any other party hereto) to secure the obligations of such Lender or any of its Affiliates to any Person providing any loan, letter of credit or other extension of credit to or for the account of such Lender or any of its Affiliates and any
      agent, trustee or representative of such Person and (b) the Agents shall be permitted to pledge or grant a security interest in all or any portion of their respective rights hereunder or under the other Credit Documents, including, but not limited
      to, rights to payment (without the consent of, or notice to or any other action by, any other party hereto), to secure the obligations of such Agent or any of its Affiliates to any Person providing any loan, letter of credit or other extension of
      credit to or for the account of such Agent or any of its Affiliates and any agent, trustee or representative of such Person.

   

  
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  (b)          (i)          Subject to the conditions set forth in paragraph (b)(ii) below, any Lender may assign to one or more assignees (other than to a natural person, Defaulting Lender or to
      Holdings or to any of Holdings’ Affiliates or Subsidiaries) all or a portion of its rights and obligations under this Agreement (including all or a portion of its Commitments and the Loans at the time owing to it) with the prior written consent
      (which consent in each case shall not be unreasonably conditioned, withheld or delayed) of:

   

  (A)         the Borrower; provided, that (1) no consent of the Borrower shall be required for an assignment to a Lender, an Affiliate of a Lender, an Approved Fund or, if an Event of
      Default has occurred and is continuing, to any other assignee and (2) the Borrower shall be deemed to have consented to any such assignment unless it shall object thereto by written notice to the Administrative Agent within five (5) Business Days
      after having received notice thereof; and

   

  (B)         the Administrative Agent; provided, that no consent of the Administrative Agent shall be required for an assignment to a Lender, an Affiliate of a Lender or an Approved Fund.

   

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

    

  		(A)	[reserved];

   

  		(B)	[reserved];

   

  (C)         except in the case of an assignment to a Lender, an Affiliate of a Lender or an Approved Fund or an assignment of the entire remaining amount of the assigning Lender’s Commitments or
      Loans of any Class, the amount of the Term Loans of the assigning Lender subject to each such assignment (determined as of the date the Assignment and Acceptance with respect to such assignment is delivered to the Administrative Agent) shall be at
      least $1,000,000 and in multiples of $500,000 in excess thereof, unless each of the Borrower and the Administrative Agent otherwise consents, which consent, in each case, shall not be unreasonably withheld, conditioned or delayed; provided, however,
      that no such consent of the Borrower shall be required if an Event of Default has occurred and is continuing; provided further, that contemporaneous assignments to a single assignee made by affiliated Lenders or related Approved Funds
      and contemporaneous assignments by a single assignor to affiliated Lenders or related Approved Funds shall be aggregated for purposes of meeting the minimum assignment amount requirements stated above;

   

  (D)         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; provided, that this
      paragraph shall not be construed to prohibit the assignment of a proportionate part of all the assigning Lender’s rights and obligations in respect of one Class of Commitments or Loans;

   

  
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  (E)           the parties to each assignment shall execute and deliver to the Administrative Agent an Assignment and Acceptance, together with a processing and recordation fee of $3,500 (unless
      waived by Administrative Agent); provided, that no such fee shall be payable for any assignment to a Lender, an Affiliate of a Lender or an Approved Fund;

   

  (F)           in no event shall any assignee be an Excluded Transferee except upon the written consent of the Borrower; provided, that no such consent shall be required if an Event of
      Default has occurred and is continuing; provided, further, that the Administrative Agent shall have no responsibility for, or liability in connection with, monitoring or enforcing the prohibition on assignments to Excluded Transferees;
      and

   

  (G)          the assignee, if it shall not be a Lender, shall deliver to the Administrative Agent an Administrative Questionnaire.

   

  In connection with any assignment
      of rights and obligations of any Defaulting Lender hereunder, no such assignment shall be effective unless and until, in addition to the other conditions thereto set forth herein, the parties to such assignment shall make such additional payments to
      the Administrative Agent in an aggregate amount sufficient, upon distribution thereof as appropriate (which may be outright payment, purchases by the assignee of participations or subparticipations, or other compensating actions, including funding,
      with the consent of the Borrower and the Administrative Agent, the applicable pro rata share of Loans previously requested but not funded by the Defaulting Lender, to each of which the applicable assignee (by its execution and delivery of the
      applicable Assignment and Acceptance to the Administrative Agent) 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. 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.

   

  (iii)        Subject to acceptance and recording thereof pursuant to paragraph (b)(v) of this Section 13.06, from and after the effective date specified in each Assignment and
      Acceptance, the assignee thereunder shall be a party hereto and, to the extent of the interest assigned by such Assignment and Acceptance, 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 Acceptance, be released from its obligations under this Agreement (and, in the case of an Assignment and Acceptance 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 (and be subject to the obligations of) Sections 2.10, 2.11, 5.04 and 13.05); provided, that except to the
      extent otherwise expressly agreed by the affected parties, no assignment by a Defaulting Lender will constitute a waiver or release of any claim of any party hereunder arising from that Lender’s having been a Defaulting Lender. Any assignment or
      transfer by a Lender of rights or obligations under this Agreement that does not comply with this Section 13.06 shall be treated for purposes of this Agreement as a sale by such Lender of a participation in such rights and obligations in
      accordance with paragraph (c) of this Section 13.06.

   

  (iv)        The Administrative Agent, acting for this purpose on behalf of the Borrower as a non-fiduciary, shall maintain a copy of each Assignment and Acceptance delivered to it and a
      register for the recordation of the names and addresses of the Lenders, and the Total Commitments of, and principal amount (and stated interest) of the Loans (the “Register”). The entries in the Register shall be conclusive absent
      manifest error, and the Credit Parties, the Agents, and the Lenders shall treat each Person whose name is recorded in the Register pursuant to the terms hereof as a Lender hereunder for all purposes of this Agreement, notwithstanding notice to the
      contrary. The Register, as in effect at the close of business on the preceding Business Day, shall be available for inspection by the Borrower, the Administrative Agent and its Affiliates and any Lender, at any reasonable time and from time to time
      upon reasonable prior notice; provided that each Lender’s access to the Register shall be limited to the entries with respect to such Lender including the Commitment of, or principal amount of and stated interest on the Loans owing to such
      Lender.

   

  
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  (v)         Upon its receipt of a duly completed Assignment and Acceptance executed by an assigning Lender and an assignee, the assignee’s completed Administrative Questionnaire (unless the
      assignee shall already be a Lender hereunder) and any written consent to such assignment required by paragraph (b)(i) of this Section 13.06, the Administrative Agent shall accept such Assignment and Acceptance and record the information
      contained therein in the Register. No assignment shall be effective for purposes of this Agreement unless and until it has been recorded in the Register as provided in this paragraph.

   

  (c)           (i)         Any Lender may, without the consent of the Borrower or the Agents, sell participations to one or more financial institutions or other entities (other than a natural
      person, a Defaulting Lender, Holdings, any of Holdings’ Affiliates or Subsidiaries, or any Excluded Transferee, to the extent the list thereof is made available by the Borrower to such Lender; provided, that no such consent shall be required
      if an Event of Default has occurred and is continuing) (each, a “Participant”) in all or a portion of such Lender’s rights and obligations under this Agreement (including all or a portion of its Commitments and the Loans owing to it); provided,
      that (A) such Lender’s obligations under this Agreement shall remain unchanged, (B) such Lender shall remain solely responsible to the other parties hereto for the performance of such obligations and (C) the Borrower, the Agents and the other Lenders
      shall continue to deal solely and directly with such Lender in connection with such Lender’s rights and obligations under this Agreement. Any agreement or instrument pursuant to which a Lender sells such a participation shall provide that such Lender
      shall retain the sole right to enforce this Agreement and to approve any amendment, modification or waiver of any provision of this Agreement or any other Credit Document; provided, that such agreement or instrument may provide that such
      Lender will not, without the consent of the Participant, agree to any amendment, modification or waiver described in clause (i) of the proviso to Section 13.01. Subject to paragraph (c)(ii) of this Section 13.06, the Borrower agrees
      that each Participant shall be entitled to the benefits of (and be subject to the obligations of) Sections 2.10, 2.11, 2.12 and 5.04 to the same extent as if it were a Lender and had acquired its interest by assignment
      pursuant to paragraph (b) of this Section 13.06. To the extent permitted by law, each Participant also shall be entitled to the benefits of Section 13.09(b) as though it were a Lender, provided, that such Participant agrees to
      be subject to Section 13.09(a) as though it were a Lender.

   

  (ii)          A Participant shall not be entitled to receive any greater payment under Section 2.10, 2.11, 2.12 or 5.04 than the applicable Lender would have
      been entitled to receive with respect to the participation sold to such Participant, 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 shall, acting solely for this purpose as a non-fiduciary agent of the Borrower, maintain a register on which it enters the name and address of each Participant and the principal amounts (and
      stated interest) of each Participant’s interest in the Loans or other obligations under the Credit 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 Credit Document) to any Person except to the
      extent that such disclosure is necessary to establish that such commitment, loan, letter of credit or other obligation is in registered form under Section 5f.103-1(c) of the United States Treasury Regulations. The entries in the Participant Register
      shall be conclusive absent manifest error, and such Lender shall treat each Person whose name is recorded in the Participant Register as the owner of such participation for all purposes of this Agreement notwithstanding any notice to the
    contrary. For the avoidance of doubt, the Administrative Agent (in its capacity as Administrative Agent) shall have no responsibility for maintaining a Participant Register.

   

  
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  Section
      13.07       Replacements of Lenders Under Certain Circumstances.  (a) The Borrower, at its sole cost and expense, shall be permitted to either (x) replace any
      Lender (or any Participant), other than an Affiliate of any Agent, and (y) terminate the Commitments of such Lender, in each case, that (i) requests reimbursement for amounts owing pursuant to Section 2.10, Section 2.11 or Section
        5.04, (ii) is affected in the manner described in Section 2.10(a)(iii) and as a result thereof any of the actions described in such Section is required to be taken or (iii) is a Defaulting Lender, provided, that (A) such
      replacement does not conflict with any Applicable Law, (B) no Default or Event of Default shall have occurred and be continuing at the time of such replacement, (C) the Borrower shall repay (or the replacement institution shall purchase, at par, plus
      the Applicable Prepayment Premium) all Loans and other amounts (other than any disputed amounts) pursuant to Section 2.10, Section 2.11 or Section 5.04, as the case may be, owing to such replaced Lender prior to the date of
      replacement, (D) the replacement institution, if not already a Lender, and the terms and conditions of such replacement, shall be reasonably satisfactory to the Administrative Agent, (E) the replaced Lender shall be obligated to make such replacement
      in accordance with the provisions of Section 13.06 (except that such replaced Lender shall not be obligated to pay any processing and recordation fee required pursuant thereto), (F) any such replacement shall not be deemed to be a waiver of
      any rights that the Borrower, the any Agent or any other Lender shall have against the replaced Lender, and (G) in the case of any such assignment resulting from a claim for compensation under Section 2.10 or payments required to be made
      pursuant to Section 5.04, such assignment will result in a reduction in such compensation or payments thereafter. In connection with any such replacement, if any such replaced Lender does not execute and deliver to the Administrative Agent a
      duly executed Assignment and Acceptance reflecting such replacement within five (5) Business Days of the date on which the assignee Lender executes and delivers such Assignment and Acceptance to such replaced Lender, then such replaced Lender shall
      be deemed to have executed and delivered such Assignment and Acceptance without any action on the part of the replaced Lender.

   

  (b)           If any Lender (a “Non-Consenting Lender”) has (x) failed to consent to a proposed amendment, waiver, discharge or termination, which pursuant to the terms of Section

        13.01 requires the consent of all of the Lenders affected and with respect to which the Required Lenders shall have granted their consent or (y) becomes a Defaulting Lender, then, provided that no Default or Event of Default then exists, the
      Borrower shall have the right (unless such Non-Consenting Lender grants such consent), at their own cost and expense, to replace such Non-Consenting Lender by requiring such Non-Consenting Lender to assign its Loans and Commitments to one or more
      assignees reasonably acceptable to the Administrative Agent, provided, that: (i) all Obligations of the Borrower owing to such Non-Consenting Lender being replaced shall be paid in full to such Non-Consenting Lender concurrently with such
      assignment and (ii) the replacement Lender or the Borrower, as the case may be, shall purchase the foregoing by paying to such Non-Consenting Lender a price equal to the principal amount thereof plus accrued and unpaid interest thereon, plus
      the Applicable Prepayment Premium. In connection with any such assignment, the Borrower, the Agents, such Non-Consenting Lender and the replacement Lender shall otherwise comply with Section 13.06 (except that such Non-Consenting Lender shall
      not be obligated to pay any processing and recordation fee required pursuant thereto); provided that if any such Non-Consenting Lender does not execute and deliver to the Administrative Agent a duly executed Assignment and Acceptance
      reflecting such replacement within five (5) Business Days of the date on which the assignee Lender executes and delivers such Assignment and Acceptance to such Non-Consenting Lender, then such Non-Consenting Lender shall be deemed to have executed
      and delivered such Assignment and Acceptance without any action on the part of the replaced Lender.

   

  
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  Section
      13.08      Securitization. The Credit Parties hereby acknowledge that the Lenders and their Affiliates may securitize the Loans (a “Securitization”)
      through the pledge of the Loans as collateral security for loans to the Lenders or their Affiliates or through the sale of the Loans or the issuance of direct or indirect interests in the Loans to their Controlled Affiliates, in each case, other than
      to Excluded Transferees, which loans to the Lenders or their Affiliates or direct or indirect interests will be rated by Moody’s, S&P or one or more other rating agencies; provided, that such restrictions on transfers to Excluded
      Transferees shall not be applicable if an Event of Default has occurred and is continuing. The Credit Parties shall, to the extent commercially reasonable, cooperate with the Lenders and their Affiliates to effect any and all Securitizations.
      Notwithstanding the foregoing, no such Securitization shall release the Lender party thereto from any of its obligations hereunder or substitute any pledgee, secured party or any other party to such Securitization for such Lender as a party hereto
      and no change in ownership of the Loans may be effected except pursuant to Section 13.06.

   

  Section 13.09     
    Adjustments; Set-off. (a) If any Lender (a “Benefited Lender”) shall at any time receive any payment of all or part of its Loans, or interest thereon,
      or receive any collateral in respect thereof (whether voluntarily or involuntarily, by set-off, pursuant to events or proceedings of the nature referred to in Section 11.01(g), or otherwise), in a greater proportion than any such payment to
      or collateral received by any other Lender, if any, in respect of such other Lender’s Loans or interest thereon, such Benefited Lender shall (i) notify the Administrative Agent of such fact and (ii) purchase for cash from the other Lenders a
      participating interest in such portion of each such other Lender’s Loans, or shall provide such other Lenders with the benefits of any such collateral, or the proceeds thereof, as shall be necessary to cause such Benefited Lender to share the excess
      payment or benefits of such collateral or proceeds ratably with each of the Lenders; provided, that (i) if all or any portion of such excess payment or benefits is thereafter recovered from such Benefited Lender, such purchase shall be
      rescinded, and the purchase price and benefits returned, to the extent of such recovery, but without interest and (ii) the provisions of this Section shall not be construed to apply to any payment made by or on behalf of the Borrower pursuant to and
      in accordance with the express terms of this Agreement (including (x) 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 to any assignee or participant (as to which the provisions of this Section shall apply)).

   

  Notwithstanding the foregoing, 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 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.

   

  Each Credit Party 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 Credit Party rights of setoff and counterclaim with respect
      to such participation as fully as if such Lender were a direct creditor of such Credit Party in the amount of such participation.

   

  (b)           After the occurrence and during the continuance of an Event of Default, to the extent consented to by Administrative Agent, in addition to any rights and remedies of the Lenders
      provided by law, each Lender shall have the right, without prior notice to the Borrower or any other Credit Party, any such notice being expressly waived by the Credit Parties to the extent permitted by Applicable Law, upon any amount becoming due
      and payable by the Borrower hereunder (whether at the stated maturity, by acceleration or otherwise) to set-off and appropriate and apply against such amount any and all deposits (general or special, time or demand, provisional or final), in any
      currency, and any other credits, indebtedness or claims, in any currency, in each case whether direct or indirect, absolute or contingent, matured or unmatured, at any time held or owing by such Lender or any branch or agency thereof to or
    for the credit or the account of the Borrower, as the case may be. Each Lender agrees promptly to notify the Borrower and the Agents after any such set-off and application made by such Lender; provided, that the failure to give such notice
    shall not affect the validity of such set-off and application.

   

  
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  Section
      13.10       Counterparts. This Agreement and the other Credit Documents may be executed by one or more of the parties thereto on any number of separate
      counterparts (including by facsimile or other electronic transmission), and all of said counterparts taken together shall be deemed to constitute one and the same instrument. A set of the copies of this Agreement signed by all the parties shall be
      lodged with the Borrower, the Collateral Agent and the Administrative Agent.

   

  Section
      13.11      Severability. Any provision of this Agreement that is prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to
      the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof, and any such prohibition or unenforceability in any jurisdiction shall not invalidate or render unenforceable such provision in any other
      jurisdiction. Without limiting the foregoing provisions of this Section 13.11, if and to the extent that the enforceability of any provisions in this Agreement relating to Defaulting Lenders shall be limited by bankruptcy, insolvency,
      fraudulent conveyance, moratorium, reorganization and other similar laws relating to or affecting creditors’ rights generally and general principles of equity (whether considered in a proceeding in equity or law), as determined in good faith by the
      Administrative Agent, then such provisions shall be deemed to be in effect only to the extent not so limited.

   

  Section
      13.12       Integration. This Agreement and the other Credit Documents represent the agreement of the Credit Parties, the Agents and the Lenders with respect to
      the subject matter hereof, and there are no promises, undertakings, representations or warranties by any party hereto or thereto relative to the subject matter hereof not expressly set forth or referred to herein or in the other Credit Documents.

   

  Section 13.13       GOVERNING LAW.     THIS AGREEMENT, THE OTHER CREDIT DOCUMENTS (UNLESS EXPRESSLY PROVIDED OTHERWISE THEREIN) AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES HEREUNDER
        AND THEREUNDER SHALL BE GOVERNED BY, AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH, THE LAW OF THE STATE OF NEW YORK, WITHOUT REFERENCE TO CONFLICTS OF LAW PROVISIONS.

   

  Section
      13.14       Submission to Jurisdiction; Waivers. Each party hereto hereby irrevocably and unconditionally:

   

  (a)           submits for itself and its property in any legal action or proceeding relating to this Agreement and the other Credit Documents to which it is a party, or for recognition and
      enforcement of any judgment in respect thereof, to the non-exclusive general jurisdiction of the courts of the State of New York, the courts of the United States of America for the Southern District of New York and appellate courts from any thereof;

   

  (b)           consents that any such action or proceeding may be brought in such courts and waives any objection that it may now or hereafter have to the venue of any such action or proceeding
      in any such court or that such action or proceeding was brought in an inconvenient court and agrees not to plead or claim the same;

   

  (c)           agrees that service of process in any such action or proceeding may be effected by mailing a copy thereof by registered or certified mail (or any substantially similar form of mail),
      postage prepaid, to the applicable party at its respective address set forth on Schedule 13.02 or on Schedule 1.01(a) or at such other address of which the Agents shall have been notified pursuant thereto;

   

  
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  		 (d)	agrees that nothing herein shall affect the right to effect service of process in any other manner permitted by law or shall limit the right to sue in any other jurisdiction;

    

  (e)           waives, to the maximum extent not prohibited by law, all rights of rescission, setoff, counterclaims, and other defenses in connection with the repayment of the Obligations; and

   

  (f)           waives, to the maximum extent not prohibited by law, any right it may have to claim or recover in any legal action or proceeding referred to in this Section 13.14 any
      special, exemplary, punitive or consequential damages.

   

  Section 13.15       Acknowledgments. Each Credit Party hereby acknowledges that:

   

  (a)           it has been advised by counsel in the negotiation, execution and delivery of this Agreement and the other Credit Documents;

   

  (b)          neither the Agents nor any Lender has any fiduciary relationship with or duty to the Credit Parties arising out of or in connection with this Agreement or any of the other Credit
      Documents, and the relationship between any Agent and Lenders, on one hand, and the Credit Parties, on the other hand, in connection herewith or therewith is solely that of debtor and creditor; and

   

  (c)           no joint venture is created hereby or by the other Credit Documents or otherwise exists by virtue of the transactions contemplated hereby among the Lenders or among the Credit
      Parties and the Lenders.

   

  Section 13.16       WAIVERS OF JURY TRIAL.   THE CREDIT PARTIES, THE AGENTS AND THE LENDERS HEREBY IRREVOCABLY AND UNCONDITIONALLY WAIVE TRIAL BY JURY IN ANY LEGAL ACTION OR PROCEEDING
        RELATING TO THIS AGREEMENT OR ANY OTHER CREDIT DOCUMENT AND FOR ANY COUNTERCLAIM THEREIN.

   

  Section
      13.17       Confidentiality. Each Agent and Lender shall hold all non-public information relating to any Credit Party or any Subsidiary or Affiliate of any Credit
      Party obtained pursuant to the requirements of this Agreement, the other Credit Documents or in connection with such Lender’s evaluation of whether to become a Lender hereunder (“Confidential Information”) confidential in accordance
      with its customary procedure for handling confidential information of this nature and (in the case of a Lender that is a bank) in accordance with safe and sound banking practices; provided, that Confidential Information may be disclosed by
      any Agent or Lender:

   

  (a)           as required or requested by any Governmental Authority (including, without limitation, public disclosures by any Agent, Lender or any of their Related Parties to any
      self-regulatory authority, such as the National Association of Insurance Commissioners, as required by the SEC (including for purposes of complying with the filing requirements thereof) or any other Governmental Authority);

   

  		(b)	pursuant to legal process;

   

  
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  (c)          in connection with the enforcement of any rights or exercise of any remedies by such Agent or Lender under this Agreement or any other Credit Document or any action or proceeding
      relating to this Agreement or any other Credit Document;

   

  (d)          to such Agent’s or Lender’s Affiliates and its and their respective attorneys, professional advisors, independent auditors, partners, limited partners, investors, potential
      investors, lenders, directors, officers, employees, agents and representatives;

   

  		(e)	to any examiner or rating agency;

   

  		(f)	in connection with:

   

  		(i)	the establishment of any special purpose funding vehicle with respect to the Loans,

    

  		(ii)	any Securitization permitted under Section 13.08;

   

  (iii)         any prospective assignment of, or participation in, its rights and obligations pursuant to Section 13.06, to prospective permitted assignees or Participants, as the case may
      be;

   

  (iv)         any Hedging Agreement entered into or proposed to be entered into in connection with the Loans made hereunder, to actual or proposed direct or indirect contractual counterparties;

   

  (v)          any actual or proposed credit facility for loans, letters of credit or other extensions of credit to or for the account of such Agent or Lender or any of its Affiliates, to any
      Person providing or proposing to provide such loan, letter of credit or other extension of credit or any agent, trustee or representative of such Person; and

  

  

  (vi)         to the extent necessary or customary for, inclusion in league table
      measurements or in any tombstone or other advertising or marketing materials;

    

  		(g)	otherwise to the extent consisting of general portfolio information that does not identify borrowers; or

    

  		(h)	with the consent of the Borrower;

   

  provided, that in the case of clause (e)
      hereof, the Person to whom Confidential Information is so disclosed is advised of and has been directed to comply with the provisions of this Section 13.17.

   

  Notwithstanding the foregoing, (A) each of the Agents,
      the Lenders and any Affiliate thereof is hereby expressly permitted by the Credit Parties to refer to any Credit Party and any of their respective Subsidiaries in connection with any promotion or marketing undertaken by such Agent, Lender or
      Affiliate in connection with this Agreement and the other Credit Documents, and, for such purpose, such Agent, Lender or Affiliate may utilize any trade name, trademark, logo or other distinctive symbol associated with such Credit Party or such
      Subsidiary or any of their businesses (subject to reasonable quality control standards) and (B) any information that is or becomes generally available to the public (other than as a result of prohibited disclosure by any Agent or Lender) shall not be
      subject to the provisions of this Section 13.17.

   

  
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  EACH LENDER ACKNOWLEDGES THAT
        CONFIDENTIAL INFORMATION (AS DEFINED IN THIS SECTION 13.17) FURNISHED TO IT PURSUANT TO THIS AGREEMENT MAY INCLUDE MATERIAL NON-PUBLIC INFORMATION CONCERNING EACH CREDIT PARTY AND ITS RELATED PARTIES OR THEIR RESPECTIVE SECURITIES, AND
        CONFIRMS THAT IT HAS DEVELOPED COMPLIANCE PROCEDURES REGARDING THE USE OF MATERIAL NON-PUBLIC INFORMATION AND THAT IT WILL HANDLE SUCH MATERIAL NON-PUBLIC INFORMATION IN ACCORDANCE WITH THOSE PROCEDURES AND APPLICABLE LAW, INCLUDING FEDERAL AND
        STATE SECURITIES LAWS.

   

  ALL INFORMATION, INCLUDING
        WAIVERS AND AMENDMENTS, FURNISHED BY THE CREDIT PARTIES OR ANY AGENT PURSUANT TO, OR IN THE COURSE OF ADMINISTERING, THIS AGREEMENT WILL BE INFORMATION WHICH MAY CONTAIN MATERIAL NON-PUBLIC INFORMATION ABOUT THE CREDIT PARTIES AND THEIR RELATED
        PARTIES OR THEIR RESPECTIVE SECURITIES. ACCORDINGLY, EACH LENDER REPRESENTS TO THE CREDIT PARTIES AND THE AGENTS THAT IT HAS IDENTIFIED IN ITS ADMINISTRATIVE QUESTIONNAIRE A CREDIT CONTACT WHO MAY RECEIVE INFORMATION THAT MAY CONTAIN MATERIAL
        NON-PUBLIC INFORMATION IN ACCORDANCE WITH ITS COMPLIANCE PROCEDURES AND APPLICABLE LAW.

   

  Section 13.18       Press Releases, etc.

   

  (a)           Each Credit Party will not, and will not permit any of its respective Subsidiaries, directly or indirectly, to publish any press release or other similar public disclosure or
      announcements (including any marketing materials) regarding this Agreement, the other Credit Documents, the Transaction Documents, or any of the Transactions, without the consent of the Administrative Agent and the Collateral Agent.

   

  (b)           The Administrative Agent or any Lender may (to the extent the Administrative Agent or such Lender has presented any materials for the prior approval of the Credit Parties and the
      Credit Parties have consented to the disclosure thereof) publish any press releases, tombstones, advertising or other promotional materials (whether by means of electronic transmission, posting to a website or other internet application, print media
      or otherwise) containing customary market information relating to the financing transactions contemplated by this Agreement and the other Credit Documents using the name, product photographs, logo, trademark or related information of Holdings and its
      Subsidiaries or of the Sponsor, all at the expense of the Administrative Agent or such Lender, as applicable. Notwithstanding the foregoing and for the avoidance of doubt, such information disclosed or provided by each Agent or their Affiliates or
      managed funds shall not include equity contribution levels, purchase price, financial or operating statistics or leverage multiples or any fees payable in connection with the transactions contemplated hereby.

   

  Section
      13.19      Releases of Guarantees and Liens. (a) Notwithstanding anything to the contrary contained herein or in any other Credit Document, the Collateral Agent
      is hereby irrevocably authorized by each Secured Party (without requirement of notice to or consent of any Secured Party except as expressly required by Section 13.01) to take, and shall take, any action requested by the Borrower having the
      effect of releasing any Collateral or Guarantee Obligations (i) to the extent necessary to permit consummation of any transaction not prohibited by any Credit Document or that has been consented to in accordance with Section 13.01 or (ii)
      under the circumstances described in paragraph (b) below.

   

  
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  (b)           At such time as (A) (i) the Loans and the other Obligations (other than Unasserted Contingent Obligations) shall have been paid in full and (ii) the Commitments have been terminated
      or (B) any item of Collateral (including, without limitation, as a result of a Disposition of a Subsidiary that owns Collateral) is subject to a Disposition permitted under this Agreement, such Collateral shall automatically be released from
    the Liens and security interests created by the Security Documents, and the Security Documents and, with respect to the happening of the event described in clauses (A)(i) and (ii), all obligations (other than those expressly stated to survive such
    termination) of the Collateral Agent and each Credit Party under the Security Documents shall terminate, all without delivery of any instrument or performance of any act by any Person.

   

  (c)           Upon request by the Collateral Agent at any time, the Required Lenders will confirm in writing the Collateral Agent’s authority to release its interest in particular types or
      items of property, or to release any Guarantee Obligations pursuant to this Section 13.19. In each case as specified in this Section 13.19, the Collateral Agent will (and each Lender irrevocably authorizes the Collateral Agent to), at
      the Borrower’s expense, execute and deliver to the applicable Credit Party such documents as such Credit Party may reasonably request to evidence the release of such item of Collateral or Guarantee Obligation from the assignment and security interest
      granted under the Security Documents, in each case in accordance with the terms of the Credit Documents and this Section 13.19.

   

  Section
      13.20      USA Patriot Act.  Each Lender hereby notifies each Credit Party that pursuant to the requirements of the USA Patriot Act (Title III of Pub. L. 107-56 (signed into law October 26, 2001)) (the “Patriot Act”), it is
      required to obtain, verify and record information that identifies the Credit Parties, which information includes the name and address of each Credit Party and other information that will allow such Lender to identify each Credit Party in accordance
      with the Patriot Act. Each Credit Party agrees to provide all such information to the Lenders upon request by any Agent at any time, whether with respect to any Person who is a Credit Party on the Closing Date or who becomes a Credit Party
      thereafter.

   

  Section 13.21
         No Fiduciary Duty. Each Credit Party, on behalf of itself and its Subsidiaries, agrees that in connection with all aspects of the transactions contemplated hereby and
      any communications in connection therewith, the Credit Parties, their respective Subsidiaries and Affiliates, on the one hand, and the Agents, the Lenders and their respective Affiliates, on the other hand, will have a business relationship that does
      not create, by implication or otherwise, any fiduciary duty on the part of the Agents, the Lenders or their respective Affiliates, and no such duty will be deemed to have arisen in connection with any such transactions or communications.

   

  Section 13.22    Authorized Officers. The execution of any certificate requirement hereunder by an Authorized Officer shall be considered to have been done solely in such Authorized Officer’s
      capacity as an officer of the applicable Credit Party (and not individually). Notwithstanding anything to the contrary set forth herein, the Secured Parties shall be entitled to rely and act on any certificate, notice or other document delivered by
      or on behalf of any Person purporting to be an Authorized Officer of a Credit Party and shall have no duty to inquire as to the actual incumbency or authority of such Person.

   

  Section 13.23      [Reserved].

         

  Section 13.24      [Reserved].

   

  Section 13.25      Currency.  

         

  (a)            Currency Conversion Procedures for Judgments. If for the purposes of obtaining judgment in any court it is necessary to convert a sum due hereunder or under any other Credit
      Document in any currency (the “Original Currency”) into another currency (the “Other Currency”), the parties hereby agree, to the fullest extent permitted by Applicable Law, that the rate of exchange used shall be that at
      which, on the relevant date, in accordance with its normal procedures, the Administrative Agent could purchase the Original Currency with the Other Currency after any premium and costs of exchange on the Business Day preceding that on which
    final judgment is given.

   

  
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  (b)          Indemnity in Certain Events. The obligation of the Borrower in respect of any sum due from the Borrower to any Secured Party hereunder shall, notwithstanding any judgment in
      any Other Currency, whether pursuant to a judgment or otherwise, be discharged only to the extent that, on the Business Day of receipt (if received by 1:00 p.m. (New York time), and otherwise on the following Business Day) by any Secured Party of any
      sum adjudged to be so due in such Other Currency, such Secured Party may, on the relevant date, in accordance with its normal procedures, purchase the Original Currency with such Other Currency. If the amount of the Original Currency so purchased is
      less than the sum originally due to such Secured Party in the Original Currency, the Borrower agrees, as a separate obligation and notwithstanding such judgment or payment, to indemnify such Secured Party against such loss.

   

  (c)          Currency Conversion Procedures Generally. For purposes of determining compliance with any incurrence or expenditure tests set forth in Articles IX and/or X
      or with Dollar-based basket levels appearing hereunder or in definitions contained in Section 1.01, any amounts so incurred, expended or utilized (to the extent incurred, expended or utilized in a currency other than Dollars) shall be
      converted into Dollars on the basis of the exchange rates (as shown on Reuters ECB page 37 or on such other basis as is reasonably satisfactory to the Administrative Agent) as in effect on the date of such incurrence, expenditure or
      utilization under any provision of any such Section or definition that has an aggregate Dollar limitation provided for therein (and to the extent the respective incurrence, expenditure or utilization test regulates the aggregate amount outstanding at
      any time and it is expressed in terms of Dollars, all outstanding amounts originally incurred or spent in currencies other than Dollars shall be converted into Dollars on the basis of the exchange rates (as shown on Reuters ECB page 37 or on
      such other basis as is reasonably satisfactory to the Administrative Agent) as in effect on the date of any new incurrence, expenditure or utilization made under any provision of any such Section that regulates the Dollar amount outstanding at any
      time).

   

  Section 13.26       Acknowledgement and Consent to Bail-In of EEA Financial Institutions. Solely to the extent any Lender that is an EEA Financial Institution is a party to this Agreement and
      notwithstanding anything to the contrary in any Credit 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 Credit 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 Credit
      Document; or

   

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

   
    

  [SIGNATURE PAGES FOLLOW]

   

  

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